2022-07-31-accounts

OLDHAM ENGINEERIP4G GROUP TrAINING ASSOCIATIOM LIWTED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2022 R￿1￿￿•$ Chwrty Nun•r. 528145 Ch•mplon AccountantB LLP 2TrJ Refvge FkxTh has t2LE

OLDHAM ENGINEERING GROUP TRAINING ASSOCIATION UMITED coNrENTS Rawt oftho Truth•• I C•L( Rowt ofthe Authlors 10 11 Cuh FI￿ Stalemrffjt 12 Not•8 to th• Ftrwndal 1&21

OLDHAM ENGINEERING QAIYJP TRAI1114G A880CIATION LWTED REPORT OF ThE TRUSTEESJDIRECTORS FOR THE YÈAR ENOED JI JLLY 2022 Th8 IDJstaesldlr•dors of ￿haM EThJlnetiiNa Tr￿1￿￿ AJ8rfitidM (TIA OTC) pre￿Ithe￿ fifty fi annual repm togelherwth tr Wlements forts year￿ded 31 2022.Th• dts•rlar8 w rnemborn 01 th8 bo8rd ol lh• ch&rtsble Lx¥npany Ith• tharityl are ￿ Inj￿￿ for tho wrpM• old Lv. T1￿¢￿t c• nd Admlnls 520145 979949 NE9 8￿k PLC. CJhwn tr D Fwrw Ichakmknl IArs C Re•bJn&4 02 2022 Mr D KknJhom Mr J RoL¥rwon MIGHott a•4)pthlf*J 07 ￿lY 2022 07 2022

OLDHAM ENGIIIEERING GROUP TRAINING ASSOCIATION LthirrED REPORT OF THE TRUSTEESIDIRECTORS FOR THE YEAR ENDED 31 JULY 2022 c¢￿11N￿•d... Oldham Ewlneerkng Gro￿ AsSfy￿al￿ kncwn as OTC. * È c(¥npwry lknlt8d by guarantee govemed by rts M•rnwandvm and Arkn"des ol Ass¢oSatkn. 11 Is rtylsteffed as a charlty Ihe Chartly The Ilabllrty of the memtrs 16 linrteJ lo É20 inthng w> c¥)ntinueB OT ytar after membbrth"p e￿a￿s. Mèmtygrthlp ofth• comwy at 31 J￿• 2022 al 36 (42 Dwmbern •t 31 July 20211. Members ol lh¢ 8oard of Trust•e8 we Irrth m•mbw c￿les, 1)cal tr4Jth•8& •duc•Wori and vduntary S￿orc￿￿￿n￿I8￿ Tw$t8e8 have comF4aléd G0￿manC• Tr￿th0 on Sale9￿rdI￿ and do 80 kn Inè wilh good pradlce every 3 y88r8', one Board membor hddg the Oeslgnaled Salaguwdlng L•gd L•vd 3 C•rtlkato (￿ boh•Wol OEGTAI. The company operatsd on a daY.1￿daY b86Es by 8 CEO And $upp)rtlnq man8gèrs who are am very •xp•Mnc8d in Ihe work.based la8mlng flelj. The mana98m6nt lo arè suppcted by a b¢)wd ol Iwslees ¥Ath whom they WO￿ very do•. A lolal of 12 slaff ar• ernployed wlh an add￿￿ 5 fr•elanco as8LWtés deb¥wing a varlety ol tranlng provi86on • requked Members ol Ihe tharity and its Board of Trusl••8 •r• drwwn Irom kx%l bJth•M. mombw o)mpanl•s, •dLUtion and IralniTrJ atvj 4Yknt8ry communttles. Ck)8e worklng rd•tkThhtyA exlsl b•tw•on th• Qwty th•a• r•ry•É•n1•u￿, ha oved invaluable lo the thaiity In •stat4ith'ng wlhkn U and kl•nlfy#)o relevant F￿1￿ d8¥dopmenls and wospethe fundlrKJ. OTC has a wh(4ty own8d sthidlary cur4iwy O.T.C CMs¢arty Un*8d. Heakn & Sal4ty eantthw•nd tralnlng se￿.

OLDHAM ENGINEERING GROUP TRAINIIIG ASSOCIATION UMITEO REPORT OF THE TRUSTEESm￿EcTORs FOR THE YEAR E14DED 31 JULY 2022 c01th￿... Ob The obl8clfvè of the Chaftty Is Its wothde pl•m•nted try other prtsvKIfjrn. Th• Trustee¥ #To mindful ol the Ch¥nty C¢)mmisS￿￿ guida￿ M publK benefft and Ihat th¢ proM"sion of lrnining whkth th8ncs employm•nl opp￿tUnIb8S lor Y￿n9 of bénafft to the Ixal e¢onomy and sothty g•nway. Th• Iruslee$ how asses6&J Ihe maln tsk8 to Ihe tharlty 1$ exFwd,' in ￿r￿￿lar those rdAtad to the cyrBtions and lln•nce of OTC •%1 or• s•lstsJ Ihat Systéms ¥• In F4aco lo mit4g81• the expos￿• to such djks. 2021.2022 continued 10 8ee o dowts88ed leld ol ￿. Tharn a Tepx18d 4.1% f8¢kn￿'0n natlonalty in BpprenlK8sl￿p slarts al quosfai)n levol 3 and bets￿. rns frdure h boon rOk4lcaled at a local lovel wlth a rduc￿l kn sthod kavérn appWg for ¥Fwonlac8hlp posit￿nS In onginewing and tsJsln88S 88r¥Keo. The dedm in atVgntle•shSp slarts has bggn f8tt more aculgty In imall and medlwn ente￿riseS who hab StrUgg￿d ¢0 m•)ag• the we?￿nI e4ymp18xtty of wpr•nlkeshlp8 (the r95uft of I￿ syilfurtt rnlorm8 of the bst fva ￿ar$I. iho in(•aslng d￿lt811¥at1￿ af tho Natk¥Lal Apwenb"c•8hp SeThfjc4. thtt raqutrwl￿rf for 20 c&ntr• off Iht l¢)b trainw and ￿h￿need errtry r￿uIr•M￿lI. The 81Ift t¢ tho n6w AppTentkgsh Standard$ ond the rerrthal of Wst8ThJing quaIificBtK￿S a$sLated wth Apprentice8hlp Fr￿￿￿$ has addgd to rfAu¢#•nr of sc¢M •mptOyW8 loa￿r#I to proc0￿. The deckne in lth12 entry FJnls, os Business Admlnlstration Lovol 2, 8ff8ded most dlsadvanl&aed quanbk of appren￿S and 01(tham raled 19 ¢yJt of 328 Bwh8 wlth lour 8re36 whKh are among the tcy 1% rA th• nalkns most dOw￿d afeas. Thest facttxs llrwded orc's lunth¥ ￿￿11￿1. Daspfte fv's ba(drop. 8pweniKeship Starts and c4JWeliw8 hawi rfjmaw Ale8dy r•sulting stablè I￿￿aming nurnbgr¥. Th• Iocw w8s rAaLI on supwting smal8r cohorts ol who fell behind vrith prac￿1 knarnlng and aGs868rnont wcrfk whK cwhj nol tske Flace and wos subslanllally do￿yed by the Co¥kY re$trlciitin$. As a re8uII p1￿man¢£ and athS•¥•ment rntes romalned steady and wlthin Ihe ac¢ptabl8 banthwJth. as the aTh1 tr8II T￿8 positi￿ hos meant that thé siaffiry numbor5 havo rerna1n￿ r48t1¥￿Y static dumg thé Last p•rlod allhough c)portunibe8 lo dt¥el¢¥J intem exportls• been KJenbfi#d and Invested in. A ogramrne o151all de¥elopment was idenlified and w¢yk WLII ¢x¥)tinue lo upthl ampknyees to m801 th• demands of the [￿W apprenllceshp Bt3ndards. OTC e0n1k)u￿ to w￿k dostty vAth other indep8nd￿l Iralning Pr¢)N￿ to help devew *)d to shar¢ •xportls8 ro￿re•l.

C￿HA￿ ENGNEERING GROUP TRAW41NG ￿0Cl￿TIoN UlffTEO REPORTOF THE TRU8TEESIDIREcfoRS FOR THE YEAR ENDED 31 JULY 2022tththw&. n£l•l R•vhNt In wo¥•d to ba afiotsr Cha￿1￿ the fNncs slatsrmnts shw an opef8lJng ol £￿,24s (2021.. pmfil of£S9.4191. Du• b) Ih a Yrtu￿ m￿&ll￿1 8yBtwn w•lMd pIKe lo focus ort emenbal afvj •mpknyee cc4ts to in¥ost. app￿p￿al8. • n•w4)wenl"caihi> SI￿dard¥ padDJ￿rty ￿ rvlatson to oqutyDeni mal•ri•lB aThJ 8tsff skiM¥ to wport n￿11￿¢ry rn(j•￿ In athJib"on. rt rema4￿￿ rn¢•sstyy ￿ contrnJO to ulkné Jdli)nal 68ctw èwtis• 14cl wai aho demanw ty tho extemal quality rtyuernents ofthe Awardu¥J Org•oWt￿1. Th• intr(#Jfon offl￿ Acco￿1 hag bmpaca•d tynp1tyrnr8-Pt￿O1IY smlll to m¢dium OTC elaft p¢x•J to WOWKl8 addibJMI ¢0 al￿1 Iho N￿oye￿ who prrK•td lo 8mthi 8Fw•nbcéshps. T￿ eXpodati￿S skims I￿gh confid•nc• in the slrervJlh ol •corwry- tr>Jth and naliomlty. Th1& ￿l￿￿en¢4 ba• Jdualed in th• the uph•v•lt•wY ty th• pand￿￿ busww•5 approoaié th41 nol onty dwj thty rted * dewky. r•qu¥• coil 8118tht 4uhon¥ to thSor¢• and Ihe appr•ntKéthp ￿ h88 e role to plty re¥ecl. Tha ¢2rn•t•r M4nche8tér ¢mbl￿d Authonty IGMCAI I￿jed Mlrthmry cwpari lo ¥h8m fvnding wth smr buskw•s In &•akr M•nrthesler. is •¢Ax• lo m•¢ epkwibc6shp costs 8upP￿tad by 4 r¥4Je OIGWn￿Tht IT￿nI￿￿ TM r¢ inc•nl In •mFWérs b) r•ryvR rnrm apw•nti¢￿ is nAI wh • bulwdmalè of# Incl•￿ ol 11% 18crukn)eni 0l•w•rt￿. Nwiith¥. the GMCA to th• MrvK8 The lo d•wkp. ewh, • Lrfal Skth Pkn ts • wn1r￿n1 inkn•i OTC h•8 be4n Invit•d lo ￿rI￿paI• m A strnlwfAV 4th￿1¥ lofit• to ettdu¢t i c4 M.18 to do1￿ b• dofj• I•¥•h¥m￿l withkn th• B¢rMh •rKour•g• • 9rnal•r lak￿P tsl •ppw•n￿•thk• (al￿11d• Th• ¢Ai¢ctyn•18 •xw¢l•d lo b• a mpknyrrnnl aTrJ #irni•ty CJh•rn Sty Pl•n. OTC wnljr m•nig•rn Bro lowrd to OTC plawng i P•rt h Ihil inlli•iK. Cauh Ilx and I￿18 are ffltth•d wut&r b•w tho Twalaes r• fArynfidonlThit th• C4r•lul mana£ment of reJtyJrc•s. lh• b￿1 w aTrJ conlknwd kn%#¢mwi ex￿ll•nI tr•hlng foc4hty IralnwvJ lo th bwir•¥M$ ol(Jham Ilw 4urrfmdlw •r•M. The of tho thaiiY£ arn ￿ fA8h at¥J kn%sknJ wty•rty ond ot Leè8 ft0￿, C4dh• Ich l• fr8• and thhth eoknlernl •wnt ofan aller￿1￿, m•Jn¥th redvrry the co81 bas• ttl the tt%rpany ¢0 aftsw 9r¢oter •ctsS. Cwrenty the Yro• r&at¥s" t382.84612021 £294.9921 lo aFyoxvnal•ty 8 monthsey4ththlwe12021'. 6.5 month$l. The Ch•riVs aim ht*J 3 4 monlhs

OLDHAM ENGINEERING GROUP TRAINING AS50GIATION UIITED REPORT OF THE TRUSTEESIDIRECTORS FOR THE YEAR ENDED 31 JULY 2022 ¢¢mrtbm￿d... Tru nc1￿ ¥ Th• twsteas we ras￿1£￿1• lor Ihè amuaj rwt and fln•rK4al Statements Xardar￿ ￿1h apFth aThJ Unitod Gentr•￿ Acttwed A(#)￿nI￿ Prnd¢ Company law requ1￿$ the tru51eeE to ￿epare finandal statsments k>r l]nandal ￿#r whlth olve 8 tru8 and falr vlew of the stale of allalrs of lh• charlty and of its wrplus or defirat for thal year. In preparfng th¢¥& financlal statemanls, Ihe tn1￿08 •M fwed to.. . s•leL# 8uitatde KvJuntlng polde8 aThJ then Ihwn (tywlilenty. - ob6or¥e Ihe m?Ihods and p¥in(aples In Ihe Chwlles SORP . make Sound judgamonls and estlrnates thal ar• rèa6onat40 w￿18Th(. - oi•le whdhef applic8bkn a￿Ount￿¥ standwds and slatemwts ol rt•XMm•r￿d proctko ha been lollowed, subj'ect lo any departwes disc)sod and tsxplaw)•d In Ihg finane4.al stat&nents', and - pryare Ihe finandal slat•mwls the bTrJlng eoncm basis ￿18$3 M 13 InJpprowialè to pfesvTM that Ihe CAynp•nywW opwatkffi. The Irusl¢es • Msp¢)nS￿0 tr maknlwnhlll Kwr 8ccounlin9 r•¢¢l$ whkth di8dose wth r•88onat4e a￿r4¢Y •1 lknfr the fina￿181 po￿￿On ol t￿ chwty aThJ enabkn thgrn to onsure thal Iha fin8nd￿ stalemenls cx)mFty wlth the Companies Act 2￿. Th•y are a160 responsib￿ for 58fegvardlng th• as￿8 of Ihe th¥rity for1￿￿ 8Ws lor lh• we￿.0n I￿1 dole¢Uon ol fraud and ethw 1ryag￿a￿1h In ￿ far as lh• tru•t•eJJ aro #w•r th•f• Is no relevanl 8udil Inlc¥malK)n (Infrwm¥tion n•edad by Ihe c4ynpanVi aLhJiors kn conntdie4) vlth propanng thelr r¢portl ofwlh the companf• •u¢Ntor$ are unaware, 8nd lh¢ Irustèas have taken am Ihe $lep$ Ihat Ih6y oughl to hawj lo make themsefve6 wware of any Telebwrt ¥uthl Infomth"on WKI to 6Btab¥th Ihal IM oxwnys ¥• awwo of th•1 Infomall(ffi. Th• tNit•e$ ¢thfi￿n th81 finandd stenwls r•)nWy wih llalutrn wthmants. th• rèquir•m•nts of lh• memor￿d￿M oThJ 8rtk4•8 (rf •nd th• raqthmwts of tho Charft SORP. Thb MF#Jt h•8 be￿ w•pa￿l In the Statwh•nl of ROc)mmeTh￿ . A£￿untIng and Rèporting by Charibes and in act¢Adan￿ vAh ￿ sp￿19¢ of Part Ml al th• Compan￿5 Acl 2(￿ rdating to gmdl The audilors. champ[￿ Acco¢Jntants LLP. w• daam￿l to b• r••ppthl•d In a¢>J>rdarKo Sé(lion 487121 oflh¢ Ctsmpan￿ Aci 2(6. Thls rewt vi8 d by I￿rd on 2023 and *n•J ￿ Its l)thaW ty. Ireet•r

IF￿pENt￿NT AufKTORS' REPCIIT TO THE C (4YW ITh•

INDEPENDENT AUDITOIIS. REPORT TO TtrE MEMBERS OF OLDHAII Ewfj1NE￿NG oR(￿p IPAW40 ASSOCIATIOII LI1rna¥th￿.. 1874 ¥rd Eduakn 4. MA ACA IS•nlorStsluttyyA¥J 11XE 20 April 2023

OLDHAM ENGINEE￿NG GROUP TrAINING ASSOCIATION LIMITED STATEMENT OF FINANCIAL ACTIVITIES In£ludln In¢ome and ex qndrture account) . YEAR ENDED 31 JULY 2022 Unrsirfcted Restrlct Funds Fund 2022 2022 Total Funds 2022 Total Fund$ 2Q21 ndowm•n R•lslng fuffts.' olherlr8th.ng 8¢thlli•s.' Comm8rcl81 trading 0￿rati( Olher irK>)me ond (b)nal 77.289 Tl.289 30,811 Invgstm￿lthccffiS 117 77.4 550 31.181 77.4C Chartthbl• •erlvlll•s.' Trnining f•e$ S88,626 597.773 Totsl Incom• •nd •ndtrrnts 664.032 098,934 RJl$lng funds.. Commerclal tradkng ¢wts.￿lI ChJrtl•bh •¢tlvltl•s.' Tr•lnlng 8Th1 cost8 573.787 573,787 540.51S Totsl •xp•ndltur• 573.787 573 787 640,616 N•t In¢om•l{•xpondltur•} ,246 68.419 Othor r•cognlud g•lnslllossesl Galn m r•v•kJatlon ol N•t rnov•m•nt In fund• 90.246 58.419 Reconclllatlon olfunds T(rta funds trwght fcn¥wd 7.340 907.340 848,921 Tolal funds carrf•d fov•r(I 997.$85 997.685 907,340 Thè it1￿m•￿t olflnorKW alg￿ knth•J•w. 10

OLDHAM ENGINEERIMG GROUP TIIAINW4G ASSOCIATN)11 L•IITED BALANCE SHEET AS AT 31 JULY 2022 2022 20 FIXED ASSEr8 Tangibb a88els In￿SIn￿rtt th •L￿ary cry)My 614.736 812.346 12 CURRENT ASSETS Oebtors and pyewymen 13 135.763 101.9kJ C••h al bank and h•rKI 325.147 253.170 CREDITORS: AmountB l¥L¥n9 due 411th >wr 14 (78,0631 180,1nl NET CURRENT A88ETS IUABLmE81 382.846 294 992 CREDITOR8'. Amounts fallr¥J du• o¥w on• NET ASSETS 197 FUND8 O••kJnalod 19 427,671 434.056 W,914 471282 TOTAL FUNDS 997 086 •07 340 2C#)6 rnlilrrfj ￿ wB•l ￿￿•n￿l In FRS 102 l•if&th JMAry ￿1￿% The Jtsl•nents nd atyed ofi X• b•h•Wty'. RegiotraiKJ umtr. 978949 11

OLOHAM ENGINEERING GROUP TRAINING ASSOCIATION UMITED STATEMENT OF CASH FLOWS YEAR ENDED 31 JULY 2022 2022 2021 CASH USED IN OPERATING ACTivmE8 21 45,461 CASH FLOWS FROII INVESTING ACTMTIES In¢•r•a¢ Incomè 117 PuTtha80 ol thrvJt4• ffi¥￿ 888•ts (19,W8) 18,9601 Proceed• frfxn ￿1¢ oftan•bh llx•d ¥••et8 12.830 CA8H PROVIDEO BY IUSEO INI INvesTING ACTMTIE8 ¢A8H FLOW8 FROM FINANCING ACTMnES R•paymnt of b￿ro￿ng 114,5861 CASH USEO111 FINANCING ACTMTIE8 14.S86 Incrna￿l￿•1x•M•l kn c•th c•gh •Wv4lw*• In the y• 71.969 37.291 Clih •bJ ¢x•h a¢ lh• ofth• yew 253.178 215.884 TOTAL CASH AND CASH EQUIVALEIIT8 AT THE END OF THE YEAR 32 147 12

QLDHA¥ ENGINEERNG GROVP TRAIIIIIIG AISOCIATh>N UIWTEO NOTE8 TQ THE FINAIICLAL 8TATEIffjIITS YEAR ENDED )1 JJLY IOX •) ol w¢paiitlo Flnarth Reporfh3 stsThJ•rdJpFAa In th• UK and oikfKI (FAS 1021 l Jw•y 20151.IC4dU•s SORPIFRS 10211. slaTh1￿ •4¥lc•i th th• UK Ir•hTrJ FRS 1021 th• 20 ¢1 r••wr¢•s Y￿ddI. *> IM¢¢w•rabl•VAI Fro￿￿ l•nd .7¥A￿¢0# i)

OLDHAM ENGINEERING GROUP TrAINING ASSOCIATION UMITED NOTES TO THE FINANCIAL STATEMENTS . YEAR ENDED 31 JULY 2022 JI Hlr• purch•s• and leas5ng ¢¢)mMllm￿ts AMet8 obtain•Y und•r hlr• purdw C￿ra￿S c finm lea8•8 are cawialised In tho balance shèet. Those hdd under hire purchase conttacts are d¢pr￿ed ov•r the¥ estimabj useful &ves. Those held under financ laases are ¢Jepredat8d fftr thelr estIn￿ted ustrfvl ITh￿3 or th• the temi, whhever is th¢ shorter. Th• interest thmenl 0fth￿ th￿gat￿l[l Charg￿ lo or loss over ielavanl perK>J. The capital 81om•nt of the futw• payments 18 Irethl a8 a Itbllmy. kl Fund accountlng Unrestricted fvnds comprM& 8ccumul•ithJ surpbjw and dakils on general funds thal ar8 av8blable for uee at the dretion of the trvste¢sldirectors in furtherw of the spnwal of th• Charty that have r d•slgn8led for clher puqJo3M. R8JlrictJ funds we fvnth 8utle¢t to r•slrkaw knw•d by the thyKJr or ty the sp8¢fft temis of th• arrf)oal underwkh the fvnds T•W. Designated funds compriso unre8trh3•J fvThli Ih•l be•n •8lde at th• dlscrntion of the trust80• 1 dw¥tors for parb¢ular purpos 11 Pen•bon• D•llned contrtbutkn sch•m• Cty)tributbn$ In resped ol the ccryanl$ definod C￿tril￿rt￿ p•n8lon 8re charg•d to the SOFA th• year In vknKh thy are payobjo to Iha •¢hn•. ml Chang•• In pr•8•ntsiion ere changes in pregentakn hAv¢ bo•n mle tho c¢mp4rntr4a b••n a￿Ult•d Jc¢cdingty. nl Golng ¢onc•rn Durkng ll)a y••r. th• tt￿rty g•n•rated • after ghl •hJ from 18 8ubsW C￿ny, of£g0.24512021'. profil of £58.4191. The charrty has not of £997.585 (2021". nel assets £g)7,34018nd th¥ Irusle68 ditrve that there wll be sulfiaent resovrce5 to enable CLrfnpan8 lo conttnv& lo q)eral8 lor the foresee8ble lulure. IAtJrkiThJ capital dlh8 9rcwp at the of the year w88 £383,511 {2021.. £295,509) 4nd ha8 remaln&d ilrong sincè the y￿r emd. In dooding lo adcpl a golng e4n¢em basi$ f￿ prepaing Ihe accounts, th• Injstees have preparad foreca6ts which con$lderth6 currenl KC¥KW Ctimata and we ol ihe effects that thi8 may $ybwuenty have on th• Charity. The trustees hth adopted ￿￿vant ¢¥w8W 3trat•3s in Order lo salegLsaid Iho bu￿neSS for Ihe ensuSng 12 months and have conctud•d that the ch•rrty Cortinu￿ lo h a ¢4)n¢tm. ol Flnanclol Sn6trum•nts The ¢harily accoun1$ for basic fin**i81 b)Str￿nen1$. d¢b¢orn Bnd prop8ywl8 and ¥Y•dlloT6 aNI ￿¢rul18. at the undIs￿Unt￿ anThJunl of the cash orclhw rAywldernt￿)n to bo r￿eN&j or poK1. 14

OLDHAM ENGINEERING GROUP TRAINING ASSOCIATION UUITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2022 2 Com The charity d￿S not carry OLrt arry fund raiskn9 8dNiks ar reLeive ine4)m from any (thm8rckg1 tradlng op8ratKJns. rclal tr¥ ratlons Total 2022 Total 2021 Inc Meneis levies Income from sub￿di￿Y c4xry￿y G¢)vemrnenl gran (19n 77.486 {197) .488 1,125 29.488 .28 Bonk depo￿1 inlerest 117 117 $50 117 117 550 Tralnlnq f•as rnc•lvabh.' Gtsvemm•nt tr81ning f8•8 cole Iralning and reg￿traI60n fees 580,028 560.028 22,068 537,961 543,772 20.800 522,972 537.961 Other tralning fee8 48,e85 48,&85 44,801 586,626 586.626 567, 15

OLDHAM ENGINEERING GROUP TRAINING ASSOCIAnoN LIIIITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2022 8 Tota Tot*1 2022 2021 Costs dfrnety•lloc•t•d¢o 4ctlvftl•s Departmenl.. Customw Seryice. T•8m 4nd Mry¢m•nt T￿ra Engln••rlng Training Mafketlrb3 and Couri•• 15.S68 233.414 31.523 15,$68 233.414 31.523 11.954 209,399 45,989 280.5L43 Support costs Ath7)lnistrakn.A￿nts. 8nd Monagem•rt Premi$es Costs N0n4ttrl￿bkI VAT 191.982 34.409 46,348 20.￿2 228.371 48.348 20.662 207.411 46,349 19,403 293 281 273 163 Total •xpondltur• $39,3 34.409 573.787 S40,515 Support costs have Im• a bag18 oThfid•rthd lh• u8• of M80urc•s. 16

OLDHAM ENGINEERING GROUP TRAINING ASSOCIATION LIMrrED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2022 Total 2022 Total 2021 Tolal Staff emoluments lor the year were a8 fo15ry￿.. Salarfes Nalk)nal Insurance Pension and1Sfe assurance 376.2C￿ 337,480 29.451 34,734 11,938 12,025 417,595 384,239 135,2941 {35.294) LOLS r¢tharged ￿ OTC consulta￿ Ltr 382,30 8945 The average monthly ccunl wa8 14 stsff12021.' 13 stsffj and the average nyinlhly number of ful￿11￿ equivalenl ￿[4)y￿al IlTrJtbJing wt4ime slaffj durlng Iho y•ar were as lolhm.. 2022 2021 Number Numbor Charitabk activities Govemanr 13 12 13 0 omployees W emth In exc¢￿ of £60,(￿(202l.. Nbll. •nt I lun 2022 2021 Net movement In fvnds Is arrW at aftèr 11¢7edlUw)'. Depreciation of tsngl￿e ffixed assets Loss (Profill on disposal of fixed assets Gain on r0vahjal￿rt ol freehohj prop6ty Auditorn, ￿m￿neratIon". audit of charilablè conpony nonvaud 17.518 19,748 13.459) 7,300 6,650 17

aLl￿AN eNGIN£ERtt4G GAOIJP YRAININQ ASSOttiITr)N LI1￿ll NOTE8 TO THE FINANCIAL STATEMENTS YEAR ENDED JI JULY 202] L•nd and IA•chln•ry & Motor AI 1 Augu812021 Additknni 830,6S8 19,￿j 14,4n AI 31 W 2022 14. 11 Aug￿1 2W21 Charye lortho p•rlod Dhpos818 At 31 2022 IIIYAI ¥J1ffj52 9.187 21¢312 17,317 235, A¢ 31 W 2tra2 614.736 At 31 2021 Thé hwttyt•l Mlt ol l•rwJ •TrJ ￿ KtrJ•d •bty• ¥ v•Nwlknn wm £242.XQ P021 .. É242,tib)) •bNI th• Agqr•gal• 1•pr￿J￿Ilty) Il¥¥•￿ hth* £101.333(2021 .. ¢97.3 18

OLOHAN ENGINeeRING GROUP TRAINING ASSOCIATION LII NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2022 X122 2021 Al ¢rAt The •btsb In¥•stmonl O.T.C. Consult￿ Lhthd a and regist8r•d Th• hdding conBi8ts of 2 ¢ydin8ry shares of E1 •ath, and is ts wlK4e ol th• issued shBf8 cawtal. Al 31 Juty 2022 the occumulaled thw• ew aThJ ro8orwB ol OTC Conwl•rw LimM•d aTh￿un1￿ to £15.38512021 .. t20.383). Trad• debtors AM￿nI duo tr(¥n subJl•ry Pfepaymenls and aca￿1 ina 41,202 81,882 12.679 63,256 27,043 11,894 13S 763 14 Trade cndilors Taxallon artl so¢W co Hira purch880 ttèdllors ac(r4 Deferred Incrffj• 18.S07 .803 17,494 5,962 29.877 22.877 23,474 13,249 063 16 Hlre purchase KIM￿nuM188sfj p•ymwts fal ¢kn x fohx8: Hire purctw• Net oblgalhjns Imthln one year Beiween one and years 19

OLDHAM ENGINEERING GRCAIP TRAINW4G As$￿TION LVAITE NOTes TO ThE FINANCIAL STATEMENTS YEAR ENDED 31 JILY 2022 17 the year th• parnnt¢tympMy r￿￿ed a￿1 olhar 01£42.78012021 . £12.7801 fram Iha •rvJ chwg1 ltyuol£NII2021 '. £NiTr by th• e4mp8ny O.T.C. Gwlularty Lkn￿J. The 8ubJlary o)nwny akn pBkl Mt hK<¥M al£70.(￿ l)21 .. t211XThI tr) th• yr•nl ¢4np•ny ufvJ•r • •bJ aryong8menL Al 31 Juty 2Q22 OTC Comulancy Lknttsd 4yJ tha parènt tampry U1,882 (2021 .. È27.0431. ol th• crffipany and the &)•Td of Truil••• Jyo rew•8ontstws of ihe Ix>th••g. ￿uC810n Ir•￿ing. and w)lunlary oerAor c4mmut)itl¢s. Ck)se w(vkkvJ r•Ialitinsh￿ •%￿1 tho thaity and th•40 •wÈtdlk¥s, whK h•w w4Md hi¥th•bkn mufiity rknnipp deW•nts •fvJ tyrApth I￿￿. y wnohJnwnt8 or ¢Or ￿￿1c•s. w• ethor dlr•clorn +y •••TrK4Jer8. The tharged 88 E F•rylcffj & Co Lthnttad £N 12021 .. ENil>. Fo￿& Po￿{ (UK> £NI 12021 . £100) Ind Innovibwry T•￿04 Umlw £NII (2021 £1001. Thorn •mounts ow#J b) ts tthryny al lh• ￿ar ahd • folow8'. E F•rr¥vJt(ffi 8 Co Lhnlw £Nil (2021 .. £NII, FI￿ Educa￿ {VK) Lth￿•d £NII 12021 .. £Nill. •ThJ InnMth T•¢h410f¥y Lknvad £Nd l%J21 ., £111). wh￿th hekj In • I•￿rat•￿ dTrnr•J fimd. lo the p￿d0Th duiMv4 the yaar •rnO￿lad to t10,76112W21 .. 110.702) At 1 August In¢ornkng Resou Q•in• 2021 r••wr¢M •x￿nd￿ Ilwl Tv•MI•rn At J1 July 2022 G•ner•l fun¢J Oe8h3natÉd 4n,281 W,¢]32 {srd.78n 434.05a 6,387 {6,38n $68.91) 427.671 Total 7.339 664.OJ2 573,787 997.084 Tho deuignated tho rw8hJat#)n re%* relabng lo the c£¥wnls Ireehclj laTrl aThJ burfdlws

OLDHAM ENGINEERING GROUP TRAINING ASSOCIATION LMTEO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2022 20 G•n•r•l D••tgnatsd Re$lrtthd Fund Funds Fund8 Totsl Fund TangSblg fixed asséts Investment in Bub8WI ¢npany Currtnt assets Current IlatNIIIés Lonq T•rm l￿bIlIt￿$ Not as3•11 31 JU￿ 2022 la7.￿5 427.671 614.733 460,910 a,cfj3) 480,910 9,914 7.671 997.585 21 2022 2021 Not mow)manl In knd8 Add bad( dèpf•dallon chwge Galn on dlsp03al of tawbkfj a58elo Gain C￿ r•¥alualk)n olfré•hLJ swwty Deduct Interest inccffie 8hThvn kn In¥e8llrvJ Cleuea8el(inr*o8s•1 k) sl¢x De(Jea￿(in￿83s8I in d•btor• Increasollde¢reas8I In L¥ediiors N•¢ Ga•h u￿d In op•raiino a¢tlvlll•• 1.245 17.518 58,419 19.746 {3,4591 (117) 159)} 133,Tr0) .8311 91,780 ,461 21