# ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## # # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||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| ## ## ##