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|Company
Information||||
|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|
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|||||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|
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|(continued)|||||||||
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|||||||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|
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||||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||
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|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|
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|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||
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|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|
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||||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|||||
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|||2022||2021|
|---|---|---|---|---|
|Photocopier|rental|1,739|f.|1,937|
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