| Page | |||
|---|---|---|---|
| Company Information |
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| Report ofthe Trustee | 2-4 | ||
| Report ofthe Independent | Examiner | 5-6 | |
| Statement ofFinancial | Activities | 7-8 | |
| Balance Sheet | |||
| Notes to the Financial | Statements | 10-15 |
| Note | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| INCOME | AND EXPENDITURE | |||||
| Investment | income | |||||
| Dividends | and related income | 98,004 | 93,830 | |||
| Deposit interest | 261 | |||||
| 98,265 | 93,830 | |||||
| Resources | expended | |||||
| Investment | management | fees | 13,559 | 4,271 | ||
| Charitable | activities | |||||
| Grants | 1&2 | 54,450 | 50,471 | |||
| Consultancy | 10,000 | 10,000 | ||||
| Auditions | 478 | 1,069 | ||||
| 64,928 | 61,540 | |||||
| Net incoming resources |
from investment | and grants | 19,778 | 28,019 | ||
| Turnover | ||||||
| Event income | 75,378 | 21,907 | ||||
| Other income | 4,800 | 6,461 | ||||
| Donations | received | 190 | ||||
| Government | grants received | 5,923 | 42,143 | |||
| 86,101 | 70,701 | |||||
| Less: cost | ofgoods sold | |||||
| Bar consumables | 9,051 | 593 | ||||
| Catering | 4,543 | 81 | ||||
| Agency Staff | 6,720 | 318 | ||||
| Artists and | performances | 6,022 | 781 | |||
| 26,336 | 1,773 | |||||
| Gross profit —carried forward | 59,765 | 68,928 |
| (continued) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Note | 2022 | 2021 | ||||||
| Gross profit —brought | forward | 59,765 | 68,928 | |||||
| Total gross income | 79,543 | 96,947 | ||||||
| Overhead expenditure |
83,475 | 81,169 | ||||||
| (3,932) | 15,778 | |||||||
| Other recognised gains |
and | losses | ||||||
| Unrealised gains on investment |
assets | 68,513 | 294,280 | |||||
| Realised (losses)/gains | on investment | assets | (7,805) | 185,139 | ||||
| 60,708 | 479,419 | |||||||
| Net income for the year | 56,776 | 495,197 | ||||||
| Fund balances brought | forward —unrestricted | funds | 3,326,878 | 2,831,681 | ||||
| 83,383,654 | K3,326,878 |
| Note | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|
| FIXEDASSETS | |||||||
| Tangible assets | 3,796 | 783 | |||||
| Investments | 3,297,202 | 3,237,848 | |||||
| 3,300,998 | 3,238,631 | ||||||
| CURRENT ASSETS | |||||||
| Debtors and prepayments | 3,516 | 3,587 | |||||
| Cash held by investment | managers | on | |||||
| account | 98,212 | 121,313 | |||||
| Cash at bank and in hand | 18,007 | 12,740 | |||||
| 119,735 | 137,640 | ||||||
| CREDITORS: AMOUNTS FALLING | |||||||
| DUE WITHIN ONE YEAR | |||||||
| Creditors | 11,079 | 8,595 | |||||
| Provision for grants not | yet paid | 26,000 | 40,798 | ||||
| 37,079 | 49,393 | ||||||
| NKT CURRENT ASSETS | 82,656 | 88,247 | |||||
| NET ASSETS | f | 3,383,654 | g3,326,878 | ||||
| REPRESENTED BY | |||||||
| Unrestricted funds |
f | 3,383,654 | f3,326,878 |
| 2. GRANTS PAYA | B | LE | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Grants payable brought | forward | (40,798) | (45,000) | ||
| Net payments during |
year | 69,248 | 54,673 | ||
| 28,450 | 9,673 | ||||
| Grants payable carried | forward | 26,000 | 40,798 | ||
| 54,450 | f. | 50,471 | |||
| 3. OVERHEAD EXPENDITURE | |||||
| 2022 | 2021 | ||||
| Rent, rates and services | 9,079 | 5,087 | |||
| Printing, postage and | stationery | 370 | 68 | ||
| Telephone and communications |
1,551 | 3,524 | |||
| Computer expenses |
1,672 | 2,526 | |||
| Photocopier expenses |
1,739 | 1,937 | |||
| Repairs, security and | cleaning | 7,279 | 6,695 | ||
| Advertising and promotion |
1,416 | 347 | |||
| Legal and professional | fees | 3,092 | 3,330 | ||
| Independent examination |
1,350 | 1,350 | |||
| Accountancy | 1,650 | 1,850 | |||
| Bank charges | 735 | 379 | |||
| Travel and transport | expenses | 54 | 54 | ||
| Sundry expenses | 1 | 2 | |||
| Wages and salaries | 39,339 | 38,327 | |||
| Social security costs | 2,410 | ||||
| Pension contributions | 12,619 | 12,891 | |||
| Depreciation | 1,529 | 392 |
| 4. TANGIBLE ASSETS | |||||
|---|---|---|---|---|---|
| Fixtures, | |||||
| fittings and | |||||
| equipment | |||||
| Cost | |||||
| At 31 August 2021 | 4,823 | ||||
| Additions | 4,543 | ||||
| Disposals | (3,256) | ||||
| At 31 August 2022 | 6,110 | ||||
| Depreciation | |||||
| At 31August 2021 | 4,040 | ||||
| Charge for the year | 1,529 | ||||
| On disposals | (3,255) | ||||
| At 31 August 2022 | 2,314 | ||||
| Carrying values |
|||||
| At 31 August 2022 | f | 3,796 | |||
| At 31 August 2021 | 783 | ||||
| 5. INVESTMENTS | |||||
| 2022 | 2021 | ||||
| Market value at 1 September 2021 (excluding | cash) | 3,237,848 | 2,764,029 | ||
| Additions | 68,641 | 628,021 | |||
| Disposals | (69,995) | (448,482) | |||
| Unrealised gain arising on revaluations |
in the | year | 60,708 | 294,280 | |
| Market value at 31 August 2022 (excluding cash) | 83,297,202 | 83,237,848 | |||
| Historic cost at 31August 2022 and 2021 | 82,394,451 | 82,935,806 |
| 6. DEBTOR | S | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Trade debtors | 2,067 | 2,057 | ||
| Prepayments | and accrued income | 1,449 | ||
| Sundry debtors | 1,530 | |||
| 3,516 | f. | 3,587 | ||
| 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | |||
| Trade creditors | 2,490 | 2,683 | ||
| Other taxation | 5,889 | 2,662 | ||
| Accruals | 2,700 | 3,250 | ||
| 11,079 | f. | 8,595 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Accountancy | f. | 1,650 | f. | 1,850 | |
| Independent | examination | 8 | 1,350 | f. | 1,350 |
| 10.STAFF | |||||
| 2022 | 2021 | ||||
| The average | number ofstaff during the year |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Photocopier | rental | 1,739 | f. | 1,937 |