##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Rlntrlcted|Total|Total|
|||||funds|fund|funds|funds|
||||Ntnes|6|6|6|5|
|INCOME AND ENDOWMENTS FROM||||||||
|Donations and legades|||||||(600)|
|Charhahle
acthdges||||||||
|Prmdslon ofindustrial|malar|training||409,118|||377,533|
|Investment
income||||24,998||24,998|31,250|
|Other Income||||17,622||17.622|33,547|
|Total||||451,736||451,738|441,730|
|ERFENMTURE ON||||||||
|CharNehle
acthdRm||||||||
|Provision ofIndustrial|motor|training||415,139||415,139|5M,145|
|NET INCOME/(EEPENDITURE)||||36,599||36.599|(59,415)|
|RKONCIUATION
OFRINDS||||||||
|Total funds hrought Rmvard||||624,166||SN,166|683,5S1|
|TOTAL FUND5 CAIIIIIED FORWARD||||660,765|||824,166|
|CONTINUINR
OPERAIIONS||||||||
|AE inwme and mumnditure||has arisen from continuing|artlvNes.|||||
|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted||Restricted|Total|Total|
|||||||funds|fund|funds|funds|
|||||Notes||E|6|E|6|
|FIXEDASSEIS||||||||||
|Tangible assets||||13|1,018,592|||1,018,592|1,026,780|
|CURRENTASSETS||||||||||
|Debtors||||14||47,637||47,637||
|Cash at bank and in hand||||||71,063||71,063|70,457|
|||||||118,700||118,700|116,100|
|CREDITORS||||||||||
|Amounts
faglng due within one||year||15||(83,404)||(83,404)|(107,282)|
|NET CURRENTASSEfS||||||35,296||35,296|8,818|
|TOTAL ASSETSLESSCURRENT UAGRfRES|||||1,053,888|||1,053,888|1,035,596|
|CREDITORS||||||||||
|Amounts
faElng due altar|more|than one year||16|(193,123)|||(193,123)|(211,4321|
|||||||860,765||860,765|824,166|
|FUNDS||||20||||||
|Unrestricted
funds;||||||||||
|General fund||||||||860,765|824,166|
|||||||||860,765|824,166|
|The financial
statements
weresignedonIts|were|approved|by the Board of||Trustees|end authorised|for Issue on „,.„,....,.g...**.**||Zj.Wd)|
##
##
||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Notes|E|E|
|Cash ffows from operating|actlvlths||||||
|Cash generated
from operations
Interest paid|||||35,718
(9,540)|(9,360)
[9,016)|
|Interest element ofgnance|lease payments|||paid|(374)|(374)|
|Net cash provided
by/(used|inl operating||actMties||25,804|[18,750)|
|Cash fhnvs from investing|activities||||||
|Purchase oftangible fixed assets|||||(342)||
|Net cash used in investing|activities||||(342)|(300)|
|Cash flows from financing|acffvltles||||||
|New loans In year||||||60,000|
|Loan repayments
in year|||||(22,808)|(8,773)|
|Capital repayments
In year|||||(2,048)|(2,048)|
|Net cash (used In)/provided|by financing||activities||(24,856)|49,179|
|Change in tach and Caeb equbralenm||ln Iha|||||
|repowlng
period||||||30,129|
|Cash and cash equivalents|atthe beginning|||of|||
|the reporting
period|||||70/L57|40,328|
|Cash and nash equtvalents|stthe end|ofthe|||||
|repowlng pedod|||||71,063|70,457|
##
##
|RECONCIUATION
O|F NET I|NCOME/(EXPENDITURE)
TO NET CASH FEOW F|RO|M OPERATIN|G ACTIVfflES||
|---|---|---|---|---|---|---|
||||||2021|2020|
|||||||E|
|Net Income/(mmendhure)||for the reporting period (asporthe statement|oi||||
|Flnandal
Amlvltles)|||||36,599|(59,415)|
|Ad)ustmenm
fon|||||||
|Depreclatlan
charges|||||8,530|9,445|
|Interest paid|||||9,540|9,016|
|Interest element ofhire purchase and finance lease rental pay'ments|||||374|374|
|(Increase)/decrease|In debtors||||(1,994)|20,557|
|(Decrease)/increase|In creditors||||(17,331)|10,663|
|Net cash prcnd dad by/(used||In) operations|||35,718|(9,360)|
|ANALTSIS OF CHANGES IN||NET DEBT|||||
||||At|1/8/20|Cash Eow|At31/7/21|
|||||E|E|E|
|Net cash|||||||
|Cash at bank and in hand||||70/I57||71,063|
|||||70,457||71,063|
|Debt|||||||
|Finance leases||||(2,901)|2,048|(853)|
|Debts fa ging due within 1year||||(72,788)|5,352|(67,436)|
|Debts faglng due alter 1year|||(210,579)||17,456|(193,123)|
||||(286,268)||24,856|(261r412 )|
|Total|||(215,811)||25,462|(190,349)|
##
##
##
##
##
##
##
##
##
##
##
|The average|monthly
number ofemployees|during the year was as follows.|||
|---|---|---|---|---|
||||2021|2020|
|Training and|assessment||10|11|
|Management|and administration||2|2|
||||12||
##
||||||||
|---|---|---|---|---|---|---|
|11.|COMPARAIIUESFORTHESTATEMENT||OFFINANCIALACTRHIIES||||
|||||Unrestricted|Restricted|Total|
|||||funds|fund|funds|
|||||6|6|6|
||INCOME AND ENDOWMENTS|FROM|||||
||Donations and legacies|||l600)||(600)|
||Charitable
activities||||||
||Provision ofindustdial
motor training|||377,533||377,533|
||Investment
Income|||31,250||31,250|
||Other Income|||33,547||33,547|
||Total|||441,730||441,730|
||EXPENDITURE ON||||||
||Charitable acgvMes||||||
||Pnwlslon ofindustrial
motor training|||501,145||501,145|
||NET INCOME/(EXPENDITURE)|||(59,415)||(59,415)|
||RECONCILIATION
OF FUNDS||||||
||Tata lfunds brought forward|||883,581||883,581|
||TOTAL FUNDS CARRIED FORWARD|||824,166||824,166|
|12.|INDEPENDENT
EXAMINATION|FEES|||||
||Fees paid tothe Independent|examiner|are asfollows:||||
||Fees charged
in respect of:||||2021|2020|
||Independent
examination
ofthe financial statements||||1,800|1,600|
||Pmparation cfthe fina ndal statements||||3,50D|2,870|
||Other accountancy
services||||0|0|
||Payrog services||||1,553|1,020|
||||||6,853|5,490|
##
|TANGIBLE Figgb AMETS||||||
|---|---|---|---|---|---|
|||Fixtures||||
||Freehold|and|Motor|Computer||
||property
6|fittings
f|vehicles
6|equipment
6|Totals|
|COST||||||
|At1August 2020|1,000,000|57,257|4,980|85,596|1,147,833|
|Additions||110||232|342|
|At 31July 2021|1,000,000|57,367|4,980|85,828|1,148,175|
|DEPRECIAIION||||||
|At 1August Z020||40,675|1,660|78,718|121,053|
|Chargeforyear||4,474|498|3,558|8,530|
|At 31July 2021||45,149|2,158|82,276|129,583|
|NET BOOK VAUJE||||||
|At 31iuly 2021|1,000,000|12,218|2,822|3,552|1,018,592|
|At31July 2020|1,000,000|16,582|3,320|6,878|1,026,780|
##
||||2021|2020|
|---|---|---|---|---|
||||6|6|
|Trade debtors|||17,941|15,912|
|Amounts
due from GTA|Education||23,449|Z3,449|
|Prapayments|||6,247|6,282|
||||47,637|45,643|
|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR||||
||||2021|2020|
||||E|6|
|Bank loans and overdrafts||(see note 17)|67,436|72,788|
|Finance leases (see note|18)||853|2,048|
|Trade creditors|||17||
|Taxatlon and social security|||Sr467|11,902|
|Other creditors|||6,631|20,544|
||||83,404|107,282|
|18.|CREOITORSr AMOUNTS|CREOITORSr AMOUNTS|FAILING DUE AFTER MORE THAN ONE YEAR||||
|---|---|---|---|---|---|---|
|||||2021||2020|
|||||||6|
||Bank loans|(see note 17)||193,123||210,579|
||Finance leases (see note||18)|||853|
|||||193,123||211,432|
|17.|LOANS||||||
||An analysis|ufthe maturity ofloans Isgiven below:|||||
|||||2021||2020|
|||||f.||E|
||Amounts
faElng due within one year on demand:||||||
||Bankloans|||17,436||12,788|
||CBIloan|||50,000||60,000|
|||||67.436||72,78S|
||Amounts
fsglng between||one snd two yesrsr||||
||Bank loans|- 1-2 years||18,049||13,362|
||Amounts
faglng due between two and five years:||||||
||Bank loans|- 2-5 years||58,042||43,870|
||Amounts
faElng due in more than five years:||||||
||Repayable|by Instalments:|||||
||Bank loans|more 5yr by instal||117,032||153,347|
||The bank loan was entered Into In2015with the purpose ofBnanclng capital alterations tothe Investment||||properly.||
##
|18.|LEASING AGREE|INENTS|||||||
|---|---|---|---|---|---|---|---|---|
||Minimum
lease|payments|under finance leases fall due|as follows:|||||
||||||||Finance|leases|
||||||||2021|2020|
||||||||E|6|
||Gross obggetlons|repayable:|||||||
||Within one year|||||||2,422|
||Between one and five years|||||||1,009|
||||||||1,009|3/ISL|
||Finance charges|repayable:|||||||
||Within one year||||||156|374|
||Between one and five years|||||||156|
||||||||156|530|
||Net obggations|repayable:|||||||
||Within one year||||||853||
||Between one and five yearn||||||||
|||||||||2,901|
|19.|SECURED DEBTS||||||||
||The following secured debts are included
within creditors:||||||||
||||||||2021|2020|
||||||||6|6|
||Bankloans||||||260,559|283,367|
||Finance leases||||||053|2,901|
||||||||261,412|286,268|
||The bank loan Issecured||by way ofa legal charge over|the charity's|property.||||
||The finance lease liabglty||ls secured onthe underlying|assets.|||||
|20.|MOVEMENT IN|FUNDS|||||||
||||||||Net||
||||||||movement|At|
|||||||At 1/8/20|In funds|32/7/21|
|||||||5|6|6|
||Unrestrldad
funds||||||||
||General fund|||||824,166|36,599|860,765|
||TOTAL FUNDS|||||824,166|36,599|860,765|
##
|||||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|---|---|
|||||||resources|expended|In funds|
|||||||f|6|6|
|Unrestricted|funds||||||||
|General fund||||||451,738|(415,139)|36,599|
|TOTAL FUNDS||||||451,738|(415,139)|36,599|
|ComparaRves||formovement|In funds||||||
||||||||Net||
||||||||movement|At|
|||||||At 1/8/19|In funds|32/7/20|
|||||||5|f|6|
|Unrwnrlcted|funds||||||||
|General fund||||||883,501|(59,415)|824,166|
|TOTAL FUNDS||||||883,581|(59,415)|824,166|
|Comparative|net movement||in funds, included|inthe above are asfollows:|||||
|||||||Incoming|Resources|Movement|
|||||||resources|expended|in funds|
|||||||6|6|6|
|Unrestricted|funds||||||||
|General fund||||||441,730|(501,145)|(59,415)|
|TOTAL FUNDS||||||441,730|(501,145)|(59,415)|
|4current year||12months and prior year 12months combined|||position Is as|follows:|||
||||||||Net||
||||||||movement||
|||||||At 1/8/19|in funds|31/7/21|
|||||||6|6||
|Unrestricted|funds||||||||
|General fund||||||883,581|(22,816)|860,765|
|TOTAL FUNDS||||||883,581|(22,816)|860,765|
##
|4current yea|r 12months and prior year 12mon|ths combined
net movement
In funds, Incl|uded
in the above|are as follows:|
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||E|E|E|
|Unrestrhted|funds||||
|General fund||893,468|(916,284)|(22,816)|
|TOTAL FUNDS||893,468|(916,284)|(22,816)|
##
##
##
##
||||||2021|2020|
|---|---|---|---|---|---|---|
||||||6|E|
|INCOME AND|ENDOWMENTS||||||
|Donations and|legades||||||
|Suhscriptions||||||(600)|
|Inveslment
Income|||||||
|Rents received|||||24,998|31,250|
|Charitable
activities|||||||
|Govemmentfundlng|||||283,173|271,872|
|Pdrvate contracts|||||125,945|105,661|
||||||409,118|377,533|
|Other Income|||||||
|Other income|||||17,622|33,547|
|Total Incoming|resources||||451,738|441,730|
|EXPENDITURE|||||||
|Charltahle
activities|||||||
|Wages|||||198,237|247,432|
|Social security|||||12,112|19,998|
|Pensions|||||4,092|5,490|
|Course, examination|||and registration|fees|16,661|37,341|
|Trainee Incentives||and awards|||845|304|
|Management
charge|||||19,664|18,940|
||||||251,611|329,505|
|Support costs|||||||
|Management|||||||
|Wages|||||75,475|75,573|
|Social security|||||9,467|8,332|
|Pensions and|health||insurance||1,741|1,732|
||||||86,683|85,637|
|Finance|||||||
|Bank charges|||||481|486|
|Bank loan interest|||||9,540|9,016|
|Hire purchase|||||374|374|
||||||10,395|9,876|
|Other|||||||
|Administration|costs||||29,919|32,326|
|Estahgshment|costs||||15,679|21,352|
|Carried forward|||||45,598|53,678|
|||2021 .|2020|
|---|---|---|---|
|||6|E|
|Otller||||
|Brought forward||45,598|53,678|
|Depredation|eftangible fixed assets|S,530|Sr445|
|Rexemance costs||||
|Wages||3,972|3,978|
|Social security||498|439|
|Pensions||92|91|
|Legal fees||405|2,245|
|Bookkeeping|fees|502|47S|
|Independent|Examiner fees|6,853|5,776|
|||12,322||
|Total resources|expended|415,139|501,145|
|Net inannnf(axpandgumf||36599|(59,425)|