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|---|---|---|---|---|
|Reference and administrative<br>details|||||
|Report ofthe trustees||2|to|7|
|Report ofthe independent<br>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<br>of|financial<br>activities|23|to|24|





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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|fund|funds|funds|
||||Notes|||8|8|
|INCOME AND|ENDOWMENTS FROM|||||||
|Donations<br>and legacies|||2|5,780|271,889|277,669|202,424|
|Charitable<br>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<br>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|





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|||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<br>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<br>funds||119,512|94,879|
|Restricted<br>lbnds||1,372,692|1,177,223|
|TOTAL F&UNDS||l&492&204|1,272,102|





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





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|RECONCILIATIO<br>ACTIVITIES|N<br>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<br>for:|||||
|Depreciation<br>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|



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||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|





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||||||||||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<br>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<br>and|licenses|||||||864|666|
||Rent other and caretaking||||||||250|300|
||Bank charges||||||||761|312|
||Insurance||||||||14,238|10,737|
||Professional<br>costs||||||||1,541|8, 130|
||Training<br>and CPD||||||||2,975|2,868|
||Advertising<br>and marketing||||||||9,232|3,249|
||Student bursaries||||||||3,500||
||Depreciation||||||||38,785|34,441|
||||||||||388,560|267,155|





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|||||Governance|
|---|---|---|---|---|
|||||costs|
|College operating<br>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<br>-owned assets|||38,785|34,441|



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|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|





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|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|





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|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<br>liabilities|||(4,645)|(36,721)|(41,366)|(26,877)|
|||||119,512|1,372,692|1,492,204|1,272,102|
|14.|MOVEMENT<br>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<br>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<br>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<br>fund|||366,407|(21,377)|(250,151)|94,879|
||Restricted<br>funds|||||||
||College activities|||852,888|74,184|250,151|1,177,223|
||TOTAL FUNDS|||1,219,295|52,807||1,272,102|





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||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||8|g||
|Unrestricted<br>funds||||
|General fund|124,351|(145,728)|(21,377)|
|Restricted<br>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<br>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<br>funds||||
|General fund|467,467|(464,211)|3,256|
|Restricted<br>funds||||
|College activities|473,928|(204,275)|269,653|
|TOTAL FUNDS|941,395|(668,486)|272,909|





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## 

|||FOR TH|E YEAR ENDED 31STD|ECEMBER 2021||
|---|---|---|---|---|---|
|||||2021|2020|
|||||8||
|INCOME AND ENDOWMENTS||||||
|Donations<br>and legacies||||||
|Small donations||||180|385|
|Church ofPentecost -|UK Ec EU|||277,489|202,039|
|||||277,669|202,424|
|Charitable<br>activities||||||
|Academic<br>income||||237,035|62,400|
|Rental income||||6,185||
|Students<br>accommodation||rent||89,111|48,275|
|||||332,331|110,675|
|Other income||||||
|Sundry<br>income||||5,005|13,291|
|Total incoming<br>resources||||615,005|326,390|
|EXPENDITURE||||||
|Charitable<br>activities||||||
|Wages||||74,661|56,929|
|Social security||||5,419|5,443|
|Pensions||||5,600|5,600|
|Communication<br>costs||||23,551|25,776|
|Freelance lecturers||||18,575|12,187|
|Accreditation<br>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<br>and licenses||||864|666|
|Rent other and caretaking||||250|300|
|Bank charges||||761|312|
|Insurance||||14,238|10,737|
|Professional<br>costs||||1,541|8,130|
|Training<br>and CPD||||2,975|2,868|
|Advertising<br>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<br>activities|||
|Brought forward|386,374|264,969|
|Computer<br>equipment|2,186|2,186|
||388,560|267,155|
|Support costs|||
|Governance<br>costs|||
|Auditors'<br>remuneration|3,600|3,000|
|Non-audit<br>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|