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2021-03-31-accounts

Unrestricted Restricted Total Total
funds funds 2021 2020
Note g
Income:
Income from donuuons
and leguciest
Coronavirus
Job Retention Scheme income		 1 138,763 138,763
Income from Chariatble actiritiest
Subscriptions,
training, projects, course
fees and extra services 4 2,966,283 65,600 3,031,883 3,159,118
IneomePom
other trading activhtest
Commercial
tmding operations		 9 613,095 613,095 1,122,329
Investment
income		 3 12,395 12,395 11,721
Total incoming resources 3,730,536 65,600 3,796,136 4,293,168
Expendhture:
Costsofraising funds:
Investment
management
costs
Commercial
trading operations		 9 501,391 501,391 891,316
Expenditure
on charitable
activities		 5 3,136452 119,684 3,255,936 3,541,936
Total expenditure 3,637,643 119,684 3,757,327 4,433,252
Net (loss)/income
before other
recognised
gains		 6 92,893 (54,084) 38,809 (140,084)
Other recognised losses
Change in fair value ofpension scheme liability 12 (3,646,183) (3,646,183)
Net movement
in funds for the year		 (3,553,290) (54,084) (3,607,374) (140,084)
Fund balance brought forward at
1April 2020 5,021,829 489,345 5,511,174 5,651,258
Fund balance carried forward at
31March 2021 1,468,539 435,261 1,903,800 5,511,174
MIDLAND GROUP TRAINING GROUP TRAINING SERVICESLIMITED SERVICESLIMITED
BALANCE SHEETS
at31March 2021
Com an
No 984899
Group Charity
2021 2020 2021 2020
Note f. f.
Fixed assets
Tangible fixed assets 8 2,991,551 3454,419 2,991,551 3254,419
Investment in subsidiary undertaking 9 1,000 1,000
2,991,551 3,254,419 2,992,551 3,255,419
Current assets
Debtors 10 548,670 593,082 382,340 447,059
Short term deposits 3,076,780 2,749,126 3,076,780 2,749,126
Bank balance and cash 115,71S 127/14 51,447 72/84
3,741,168 3,469,422 3,510,567 3,268,469
Creditors - amounts falling due
within one year 11 (1,940,436) (1,212,667) (1,064,839) (1,240,127)
Net current assets 1,800,732 2,256,755 2,445,728 2,028,342
Creditors - amounts Odling due
after more than one year 11 (2,888,483) (2,888,483)
Net assets 1,903,800 5,511,174 1,792,096 5,283,761
Restricted funds 13 435,261 489,345 435,261 489,345
Unrestricted funds 13 1,356,835 4,794,416 1,356,835 4,794,416
Non-charitable trading funds 13 111,704 227,413
Total funds 1,903,800 5,511,174 1,792,096 5,283,761
Group
2021 2020
Note
Cash flows from operating activiiies:
Cash generated fiom opemtions 332,370 113,450
Net cash provided by (used in) operating 332,370 113,450
activities
Cash flows from investing activities:
Purchase oftauyl&le fixed assets (49,523) (898,089)
Saleoftangible fixed assets 20,916 9,500
Interest received 12,395 11,721
Net cash provided by (used in) investing
activities (16,212) (876,868)
Change in cash and cash equivalents in the 316,158 (763,418)
reporting
period
Cash
and
cash		 equivalents at the
beginning
ofthe reporting		 period 2,876,340 3,639,758
Cash snd cash equivalents at the end of 3,192,498 2,876,340
the reporting
period

I Reconciliation ofnet income to net cash flow from operating Reconciliation ofnet income to net cash flow from operating activities
2021 2020
f
Net income for the reporting period (as per the statement
offinancial activities) (3,607,374) (140,084)
Adjustments
for:
Depreciation
charges		 299,817 374,717
Pmfit on disposal offixed assets
Change in fair value ofpension scheme		 liability (6,668)
3,646,183		 (6,315)
Interest received (12,395) (11,721)
(Increase)/decrease
in debtors		 44,412 12,598
Increase/(decrease)
in creditors		 (31,605) (115,745)
Net cash provided by (used in) operaung activities 332,370 113,450

event ofwinding
up is		 lim ited to 620.
3 Investment
income		 2021 2020
Short term deposit interest receivable 12,395 11,721
4 Income from Charitable Activities
Training services provided 2,966,283 3,075,418
5 Charitable
Activities		 Costs
The charity undertakes direct charitable activifies and does not make grant payments
Provision oftraining
services and projects		 3,178,770 3,469,969
Support costs —salaries and office costs 77,166 71,967
3,255,936 3,541,936
Governance costs
Salaries and office costs 13,375 12,359
Auditors'
remunemtion
-Audit 8,100 7,750
-Other services 750 750
22,225 20,859

2021 2020
Net incoming resources
Net incoming resources are stated afier charging/ (crediting):
Directors' and officers' indemnity
insurance
Depreciation oftangible fixed assets:
-owned assets 233,808 268,265
-leased assets 66,009 106,452
(Pmfit)/loss
on disposal oftangible fixed assets		 (6,668) (6,315)
Change in fair value ofpension liability 3,646,183
Stuff costs
Wages and salaries 1,684,605 1,719,079
Social security costs 195,502 197,916
Pension costs 246,857 253,303
2,126,964 2,170498
Average number ofpersons employed by the company 48
Key management
personnel
Emoluments 377,558 363,488
Pension contril&utions
to defined contribution		 scheme 25,387 21,127
402,945 384,615
The number ofemployees
who received emoluments
f60,000in the year was as follows:		 ofmore than
660,001 - 670,000
670,001 - 680,000
680,001 - 690,000
f110,000 - I120,000

Tangible fixed assets —group and charity
Freehold Leasehold Equipment
Property Improvements &vehicles Total
Cost
1April 2020 2,153,679 1,237,449 2,933,265 6,324,393
Additions 750 50,447 51,197
Disposal s (52,375) (52,375)
31March 2021 2,154,429 1,237,449 2,931,337 6,323,215
Depreciation
1 April 2020 948,392 305,694 1,815,888 3,069,974
Charge for year 9,744 66,009 224,064 299,817
Disposals (38,127) (38,127)
31March 2021 958,136 371,703 2,001,825 3,331,664
Net book value
31March 2021 1,196,293 865,746 929,512 2,991,551
31March 2020 1,205,287 931,755 1,117,377 3,254,419

Summary
ofprofit and loss a		 ccount
2021 2020
g
Turnover 613,095 1,122,329
Cost ofsales and administrative expenses (497,591) (891,316)
Governance
costs		 (3,800) (3,600)
Net profit 111,704 227,413
Retained profit brought forward 227,413 274,799
Amount
gified to the charity		 (227,413) (274,799)
Retained in the subsidiary 111,704 227,413
The assets and liabilities ofthe subsidiary were:
Fixed assets
Current assets 771,725 830,601
Creditors: amounts
falling due		 within one year (659,054) (602,188)
Net assets 112,704 228,413
Aggregate
share capital and reserves		 112,704 228,413

Group
2021 2020 2021 2020
10 Debtors
Amounts falling due within one year
Trade debtors 392,835 507,720 273,530 371,395
Prepayments 153,723 83,856 106,698 74,158
Accrued income 2,112 1,506 2,112 1,506
Amount due Rom subsidiary undertaking
548,670 593,082 382,340 447,059
11 Creditors
Amounts Fatling due within one year:
Trade creditors 901,467 874,971 261,476 308,273
Taxation and social security payable 98,005 118,291 85,815 88,710
Accruals 183,264 219,405 176,424 213,496
Pension de6cit liability 757,700 757,700
Amount due to subsidiary undertaking 541,124 629,648
1,940,436 1,212,667 1,822,539 1440,127
Amounts falling due after one year.
Pension deceit liability 2,888,483 2,888,483
Defened income at 1 April 2020 368,087
Used in year (296,557)
Deferted in year 266,788
Deferred income at 31March 21 383,318

839,426 Payable from I
April 2021 to 30		 June 2021 inclusive. Monthly
f718,274 Payable July 2021 One off
f157,680pa Payable from 1stApril 2022 to 31stMarch 2034 inclusive. This will Annually
be increased in line with the increase in the RPI (on apreceding
December to December basis).
8500,000 Payable April 2026 One off

Analysis ofnet assets between funds
Non-charitable
trading
Unrestricted funds Restricted Total
Intnugible
fixed assets
Tangible fated assets 2,586,290 405261 2,991,551
Cuuent assets 2,939,444 771,724 30,000 3,741,168
Current liabilities (1,281,416) (659,020) (1,940,436)
Long term liabilities (2,888,483) (2,888,483)
1,355,835 112,704 435,261 1,903,800
Operating
lease commitments
The following
operating		 lease payments are committed tobe paid:
2021 2020
g
Within one year 98,965 105,806
Between two aud five years 365,626 374,656
In more than five years 706,417 792,917
1,171,008 1,273,379