2021-12-31-accounts

			Page
Reference and administrative details
Report ofthe trustees		2	to	7
Report ofthe independent auditors		8	to	11
Statement offinancial	activities		12
Balance sheet			13
Cash flow statement			14
Notes to the cash flow	statement		15
Notes to the financial	statements	16 to		22
Detailed statement of	financial activities	23	to	24

						2021	2020
				Unrestricted	Restricted	Total	Total
				fund	fund	funds	funds
			Notes			8	8
INCOME AND	ENDOWMENTS FROM
Donations and legacies			2	5,780	271,889	277,669	202,424
Charitable activities
College operating	activities			332,331		332,331	110,675
Other income				5,005		5,005	13,291
Total				343,116	271,889	615,005	326,390
EXPENDITURE	ON
Charitable activities
College operating	activities			318,483	76,420	394,903	273,583
NKT INCOME				24,633	195,469	220,102	52,807
RECONCILIATION		OF FUNDS
Total funds brought		forward		94,879	1,177,223	1,272,102	1,219,295
TOTAL FUNDS	CARRIED FORWARD			119,512	1,372,692	1,492,204	1,272,102

		2021	2020
	Notes		8
FIXEDASSETS
Tangiblo assets	10	1,379,701	1,223,017
CURRENT ASSETS
Debtors		]22,501	43,140
Cash at bank		31/68	32,822
		153,869	75,962
CREDITORS
Amounts falling due within one year	12	(41,366)	(26,877)
NET CURRENT ASSETS		112,503	49,085
TOTAL ASSETS LESSCURRENT
LIABILITIES		1,492,204	1,272,102
NET ASSETS		1,492,204	1,272,102
FUNDS
Llntes(rioted funds		119,512	94,879
Restricted lbnds		1,372,692	1,177,223
TOTAL F&UNDS		l&492&204	1,272,102

				2021	2020
			Notes
Cash flows from operating		activities
Cash generated from operations				194,015	70,810
Net cash provided by operating activities				194,015	70,810
Cash flows from investing		activities
Purchase oftangible fixed	assets			(195,469)	(45,194)
Net cash used in investing	activities			(195,469)	(45,194)
Change in cash and cash	equivalents		in
the reporting period				(1,454)	25,616
Cash and cash equivalents		at the
beginning ofthe reporting		period		32,822	7,206
Cash and cash equivalents		at the end	of
the reporting period				31,368	32,822

RECONCILIATIO ACTIVITIES	N OF NK	T INCOME TO NKT CASH FLOW F	ROM OPERATING
			2021	2020
				8
Net income for the	reporting	period (as per the Statement of
financial activities)			220,102	52,807
Adjustments for:
Depreciation charges			38,785	34,441
Increase in debtors			(79,361)	(29,678)
Increase in creditors			14,489	13,240
Net cash provided	by operations		194,015	70,810

	At 1.1.21	Cash flow	At 31.12.21
	8	g	8
Net cash
Cash at bank	32,822	(1,454)	31,368
	32,822	(1,454)	31,368
Total	32,822	(1,454)	31,368

									2021	2020
	Small donations								180	385
	Church ofPentecost -			UK ter	EU				277,489	202,039
									277,669	202,424
3.	INCOME FROM CHARITABLE ACTIVITIES
									2021	2020
					Activity
	Academic income				CoRege	operating	activities		237,035	62,400
	Rental income				College	operating	activities		6,185
	Students accommodation
	rent				College	operating	activities		89,111	48,275
									332,331	110,675
4.	CHARITABLE	ACTIVITIES COSTS
								Direct	Support
								Costs (see	costs (see
								note 5)	note 6)	Totals
	College operating		activities					388,560	6,343	394,903
5.	DIRECT COSTS		OF	CHARITABLE ACTIVITIES
									2021	2020
	Statfcosts								85,680	67,972
	Communication	costs							23,551	25,776
	Freelance lecturers								18,575	12,187
	Accreditation and		course development			fees			22,765	15,808
	Library costs								8,593
	Travel and conferences								1,054	2,615
	Catering								238	4, 137
	OAice costs								4,724	605
	Website and computer			costs					718	3,682
	Repairs 6t maintenance								80,489	28,336
	Council tax								38,526	20,546
	Heat and light								19,743	16,102
	Health and safety								9,300	7,256
	Water charges								2,458	1,430
	Subscription and	licenses							864	666
	Rent other and caretaking								250	300
	Bank charges								761	312
	Insurance								14,238	10,737
	Professional costs								1,541	8, 130
	Training and CPD								2,975	2,868
	Advertising and marketing								9,232	3,249
	Student bursaries								3,500
	Depreciation								38,785	34,441
									388,560	267,155

				Governance
				costs
College operating activities				6,343
Support costs, included		in the above, are as follows:
			2021	2020
			College
			operating	Total
			activities	activities
			8
Auditors'	remuneration		3,600	3,000
Non-audit	Examination		1,900	1,900
Legal fees			843	1,528
			6,343	6,428
NKT INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
			2021	2020
Auditors'	remuneration		3,600	3,000
Depreciation -owned assets			38,785	34,441

STAF	FCOSTS
		2021	2020
Wages	and salaries	74,661	56,929
Social	security costs	5,419	5,443
Other	pension costs	5,600	5,600
		85,680	67,972

	2021	2020
Administration	2	1
Academic	3	1

10.	TANGIBLE FIXEDASSETS
		Long	Plant and	Computer
		leasehold	machinery	equipment	Totals
	COST
	At 1stJanuary 2021	1,613,089	63,446	10,931	1,687,466
	Additions	195,469			195,469
	At 31stDecember 2021	1,808,558	63,446	10,931	1,882,935
	DEPRECIATION
	At 1st January 2021	435,866	26,397	2,186	464,449
	Charge for year	30,254	6,345	2,186	38,785
	At 31st December 2021	466,120	32,742	4,372	503,234
	NET BOOK VALUE
	At 31st December 2021	1,342,438	30,704	6,559	1,379,701
	At 31st December 2020	1,177,223	37,049	8,745	1,223,017
11.	DEBTORS: AMOUNTS FALLING	DUE WITHIN ONK	YEAR
				2021	2020
					8
	Trade debtors			122,501	30,421
	Other debtors				12,719
				122,501	43,140
12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2021	2020
	Trade creditors			12,878	6,933
	Accruals and deferred income			28,488	19,944
				41,366	26,877

13.	ANALYSIS	OF NET ASSE	TS	BETWEEN FUNDS
						2021	2020
				Unrestricted	Restricted	Total	Total
				fund	fund	funds	funds
					8
	Fixed assets			24,864	1,354,837	1,379,701	1,223,017
	Current assets			99,293	54,576	153,869	75,962
	Current liabilities			(4,645)	(36,721)	(41,366)	(26,877)
				119,512	1,372,692	1,492,204	1,272,102
14.	MOVEMENT IN FUNDS
						Net
						movement	At
					At 1.1.21	in funds	31.12.21
							8
	Unrestricted	funds
	General fund				94,879	24,633	119,512
	Restricted funds
	College activities				1,177,223	195,469	1,372,692
	TOTAL FUNDS				1,272,102	220,102	1,492,204
	Net movement	in funds, included		in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
							8
	Unrestricted	funds
	General fund				343,116	(318,483)	24,633
	Restricted funds
	College activities				271,889	(76,420)	195,469
	TOTAL FUNDS				615,005	(394,903)	220, 102
	Comparatives	for movement	in	funds
					Net	Transfers
					movement	between	At
				At 1.1.20	in funds	funds	31.12.20
	Unrestricted	funds
	General fund			366,407	(21,377)	(250,151)	94,879
	Restricted funds
	College activities			852,888	74,184	250,151	1,177,223
	TOTAL FUNDS			1,219,295	52,807		1,272,102

	Incoming	Resources	Movement
	resources	expended	in funds
	8	g
Unrestricted funds
General fund	124,351	(145,728)	(21,377)
Restricted funds
College activities	202,039	(127,855)	74,184
TOTAL FUNDS	326,390	(273,583)	52,807

			Net	Transfers
			movement	between	At
		At 1.1.20	in funds	funds	31.12.21
				g
Unrestricted	funds
General fund		366,407	3,256	(250,151)	119,512
Restricted funds
College activities		852,888	269,653	250,151	1,372,692
TOTAL FUNDS		1,219,295	272,909		1,492,204

	Incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
General fund	467,467	(464,211)	3,256
Restricted funds
College activities	473,928	(204,275)	269,653
TOTAL FUNDS	941,395	(668,486)	272,909

		FOR TH	E YEAR ENDED 31STD	ECEMBER 2021
				2021	2020
				8
INCOME AND ENDOWMENTS
Donations and legacies
Small donations				180	385
Church ofPentecost -	UK Ec EU			277,489	202,039
				277,669	202,424
Charitable activities
Academic income				237,035	62,400
Rental income				6,185
Students accommodation		rent		89,111	48,275
				332,331	110,675
Other income
Sundry income				5,005	13,291
Total incoming resources				615,005	326,390
EXPENDITURE
Charitable activities
Wages				74,661	56,929
Social security				5,419	5,443
Pensions				5,600	5,600
Communication costs				23,551	25,776
Freelance lecturers				18,575	12,187
Accreditation and course		development	fees	22,765	15,808
Library costs				8,593
Travel and conferences				1,054	2,615
Catering				238	4,137
Office costs				4,724	605
Website and computer	costs			718	3,682
Repairs dt maintenance				80,489	28,336
Council tax				38,526	20,546
Heat and light				19,743	16,102
Health and safety				9,300	7,256
Water charges				2,458	1,430
Subscription and licenses				864	666
Rent other and caretaking				250	300
Bank charges				761	312
Insurance				14,238	10,737
Professional costs				1,541	8,130
Training and CPD				2,975	2,868
Advertising and marketing				9,232	3,249
Student bursaries				3,500
Long leasehold				30,254	25,910
Plant and machinery				6,345	6,345
Carried forward				386,374	264,969

	2021	2020f
Charitable activities
Brought forward	386,374	264,969
Computer equipment	2,186	2,186
	388,560	267,155
Support costs
Governance costs
Auditors' remuneration	3,600	3,000
Non-audit Examination	1,900	1,900
Legal fees	843	1,528
	6,343	6,428
Total resources expended	394,903	273,583
Net income	220, 102	52,807