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|Company
Information|
|---|
|IIIrectors' Repert|
|Auditors'
Report|
|Statement ofFinancial Activities|
|Balance Sheet|
|Statement ofCash Flosvs|
|Notes to the Financial Statements|
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|||Unrestricted|Restricted|Total funds|Total funds|
|---|---|---|---|---|---|
||Notes|funds
f|funds|2023|2022f|
|INCOME||||||
|Donations
and Legacies||442,755|348,217|790,972|971,602|
|Charitable
Activities|||18,686|18,686|2.397|
|Trading Activities||185,688||185,688|177,001|
|Other Income||24,002||24,002|16,621|
|Investment
Income||13,608||13,608|424|
|Profit on sale ofFixed Asset||3.333||3,333||
|TO7'Al
INCOME||669.386|366.903|1,036.289|1,168.045|
|EXPENDITURE||||||
|Cost ofRnising Funds|6|24,208||24,208|23,792|
|Charitable
Activities|7|856,846|359,214|1.216,060|1,120,408|
|TOTAL EXPENDITURE||881,054|359,214|1,240.268|1,144,200|
|NET IIIICOME/(EXPENDITURE)|8|(211,668)|7,689|(203,979)|23,845|
|Fund Balances at Beginning ofYear||1,492,085|349,223|1,841,308|1,817,463|
|FUND BALANCES AT END OF YEAR|14a/b|1,280,417|356,912|1,637,329|I,S41,308|
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||Notes||2023||2022|
|---|---|---|---|---|---|
|||8||8|8|
|FIXEDASSETS|10||768.645||767,730|
|CURRENT ASSETS||||||
|Stocks|11|3,768||6,330||
|Debtors and prepayments|12|66.547||55,814||
|Bank and cash balances||824,166||1,039,329||
|||894.481||1,101,473||
|CREDITORS: AMOUNTS FALLING||||||
|DUE WITHIN ONE YEAR|13|(25,795)||(27,895)||
|NET CURRENT ASSETS|||868,686||1,073,578|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES|||1,637,331||1,841,308|
|TOTAL NKT ASSETS|||1,637,331||1,841,308|
|FUNDS||||||
|Unrestricted
General
funds|14a||1,280,417||1,492.085|
|Restricted
funds|14b||356,914||349,223|
||||1,637,331||1,841,308|
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|||||||Notes|2023f|2022f|
|---|---|---|---|---|---|---|---|---|
|Cash flows from|operating||activities:||||||
|Net cash provided|by (used||in) operating||||||
|activities||||||16a|(199,2'16)|74,671|
|Cash flows from|investing||activities:||||||
|interest
from investmenis|||||||13608|424|
|Purchase oftangible fixed||assets|||||(29,495)||
|Decrease in cash|and cash||equivalents||in||(215,163)|7E095|
|the year|||||||||
|Cash and cash equivalents||at the||beginning of|||1,039)329|964,234|
|the year|||||||||
|Total cash nnd cash equivalents||||stthe|end||||
|ofthe year|||||||824,166|1,039,329|
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|DONATIONS|AND LEGACIES|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|2023|2022|
|||8||||
|Donations||425,090|173,221|598,311|782,587|
|Giga in Kind|||174,996|174,996|150,732|
|Legacies||17,665||17,665|38,283|
|||442,755|348,217|790,972|971,602|
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|3.|INCOMING|RESOURCES FROM||||
|---|---|---|---|---|---|
||CHARITABLE ACTIVITIES|||||
|||||2023|2022f|
||Restricted funds|||||
||Youth Work|||18,686|2,397|
|||||18,686|2,397|
|4.|INCOMING|RESOURCES FROM||||
||TRADINIG ACTIVITIES|||||
|||||2023|2022|
||Unrestricted|funds||||
||Resource Centre, Shop and other income|||179,088|173,241|
||Rent receivable|||6.600|3.760|
|||||185,688|177,001|
|5.|OTHER INCOME|||||
|||||2023|2022|
|||||8|f|
||Unrestricted|funds||||
||H M Revenue|&Customs Job Retention|Sheme Grant||13,617|
||Other Income|||24.002|3,004|
|||||24,002|16,621|
|6.|COSTOF RAISING FUI4DS|||||
|COSTO|F RAISIN|G FUI4DS|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||fundsf|funds|2023f|2022|
|Staffcosts|||10.158||10,158|9,399|
|Postage|||7.776||7,776|6,545|
|Printing,|stationery|and other costs|6,274||6,274|7,848|
||||24,208||24,208|23,792|
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|CHARITABLE ACTIVITIES|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||funds
8|fundsf|2023f|2022f|
|The provision ofcare|171,273|74,615|245,888|223,182|
|Evangelism|423.472|199,930|623,402|572,341|
|Shop and Resource Centre|262,101|84,669|346,770|324.885|
||856,846|359,214|1,216,060|1,120,408|
|Support costs
support costs|that cannot
be directly
that are included
in the|allocated
have be
above amounts
are|en apportioned
as follows:|on the basi|s of staff c|osts. The|
|---|---|---|---|---|---|---|
|||||Shop|Total|Total|
|||Care|Evangelism|dr RC|2023|2022f|
|Employees
Premises||40.368
7.212|120,585
21,544|48,155
8.603|209,108
37,359|166,514
61,077|
|Oigce expenditure||7,404|22,118|8,833|38,355|32.895|
|Irrecoverable|VAT|3.782|11,299|4,512|19,593|16,392|
|Depreciation||2,043|6,102|2.437|10,582|8,377|
|Professional|/t Legal fees|4,687|14.002|5,592|24,281|9,655|
|Bank charges||420|1,255|501|2,176|2,427|
|||65,916|196,905|78,633|341,454|297,337|
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|This is st|ated after cb|argingt|||
|---|---|---|---|---|
||||2023|2022|
||||P'000|8*000|
|Operating|leases —equipmcnt||6|4|
|Depreciation|||29|33|
|Auditors|remuneration|—Audit fees|ll|10|
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|||2023|2022|
|---|---|---|---|
|||6||
|Staff costs:||||
|Wages and salaries||642,694|625,463|
|Social security costs||44,804|41,727|
|Pension Contributions||9.270|7.489|
|Non-Contractural|Settlement|10,500||
|||707,268|674,679|
|||||2023|2023|2022|2022|
|---|---|---|---|---|---|---|---|
|||||Average|FTE|Average|FTE|
|Average|monthly|number|ofemployees:|||||
|Evangelism||||29|21|30|23|
|Other||||10|7|9|6|
|||||39|28|39|29|
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|IXEDASSETS||||||
|---|---|---|---|---|---|
|||Leasehold||||
||Freehold|land &|Motor|Equipment||
||property|property
8|vehicles|&fittings|Totalf|
|COST||||||
|At I April 2022|807,644|131,846|41,891|135,099|1.116.480|
|Addition|||29.495||29,495|
|Disposals|||(21,596)||(21,596)|
|At 31March 2023|807,644|131,846|49,790|135.099|1,124.,379|
|DEPRECIATION||||||
|At 1 April 2022|106.810|74.214|35,972|131,754|348,750|
|Charge for the year|14,047|6.115|5,073|3,342|28.580|
|Adjustment
for disposal|||(21,596)||(21,596)|
|At 31March 2023|120,857|80,329|19,449|135,099|355,734|
|NET BOOK VALUE||||||
|At 31 March 2023|686,787|51.517|30,341|Nil|768,645|
|At 31 March 2022|700,834|57,632|5,919|3,345|767,730|
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||Leasehold
land and pro|perty
compr|ise:||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||Cost
f.|Costf|
||The 66year lease (which
premises at Washington|commenced
on 29September 1965)on the
Street and subsequent
refurbishment|||131.846|131.846|
||Less Depreciation||||(80,329)|(74,2]4)|
||Net book value||||51,517|57,632|
|1l.|STOCKS||||||
||||||2023|2022f|
||Goods for resale||||3.768|6.330|
||||||3,768|6,330|
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|||2023|2022f|
|---|---|---|---|
|Due within|one year:|||
|VAT recoverable||10,994|2,089|
|Prepaytncnts||6,247|7,377|
|income tax|on Gift Aid|38,881|41,923|
|Trade debtors||10,425|4,425|
|||66,547|55,814|
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|CREDITORS: AMOUNT FALLING DUE
WITHIN ONE YEAR|||
|---|---|---|
||2023|2022|
||f||
|Trade creditors|3,185|7,048|
|Taxation and social mcurity costs|8,989|9.570|
|Accruals|13,621|]1,277|
||25,795|27,895|
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|RESTRICTED FUNDS|||||
|---|---|---|---|---|
||Fixed|Care|||
||Assetsf|Centre|Other*|Total|
|Balances at 31 March 2022|331,422|6,184|11,617|349,223|
|Income|23,502|45.329|298,072|366,903|
|Expenditure|(11,280)|(51.445)|(296.489)|(359,214)|
|Balances at 31March 2023|343.644|68|13,200|356,912|
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|ANALYSIS OF NKT ASSETSBETWE|EN FUNDS|||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||f,|||
|Tangible fixed assets|448,435|343,712|792,147|
|Current assets|857,777|13,200|870.977|
|Cuirent liabilities|(25,795)||(25,795)|
|Total net assets|1,280,417|356,912|1,637,329|
|16.|NOTES TO THE STATEMENT OFCASH|NOTES TO THE STATEMENT OFCASH|NOTES TO THE STATEMENT OFCASH|FLOWS|FLOWS||||
|---|---|---|---|---|---|---|---|---|
||||||||1023|2022|
|(a)|Reconciliation
ofnet deficit to||net cash outflow from operating|||activities|||
||Deficit for the year||||||(203,979)|23,845|
||Gifts-in-kind||||||(174,996)|(150,732)|
||Direct use ofglfls-iu-kind||||||174,996|150,732|
||Depreciation
charges||||||28,582|33,007|
||Interest receivable||||||(13,608)|(424)|
||Increase/(Decrease)
in debtors||||||(10,733)|(18,349)|
||Decrease in stocks||||||2,562|2,402|
||(Dccrcasc) in creditors||||||(2,100)|(2,508)|
||Net cash inflow/(outflow)|from|operating activities||||(199,276)|74,671|
|(b)|Reconctlistion
ofnet cash flow to movement
Decrease in cash in the year|||in net funds|||(215.163)|75,095|
||Ivtovement
in net funds
in|the year|||||(215,163)|75,095|
||Net funds brought
forward||||||1,039,329|964.234|
||Net funds carried forward||||||824,166|1,039,329|
|(c)|Analysis ofnet funds
Cash at bank aud in hand||||||824,166|1,039,329|
||||||||824,166|1,039,329|
|17.|CAPITAL COMMITMENTS||||||||
||||||||1023f|2022
f|
||Capital expenditure
contracted||for but not provided||for in the financial||||
||statemenis||||||Nil|Nil|
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||||Land and||Total|Total|
|---|---|---|---|---|---|---|
||||Buildings|Other|2023|2022|
||||6|||f|
|Operating||leases which expire:|||||
|Within|I year||31,00|6,022|37,022|28,667|
|Within|2 to|5years|113,000||113,000|118,125|
|After 5|years||22.500||22.500|31,500|
||||166,500|6,022|172,522|178,292|
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|INCOME AND EXPENDITURE ACCOUNT|INCOME AND EXPENDITURE ACCOUNT||||
|---|---|---|---|---|
|Year ended 31March 2022|||||
|||Unrestricted|Restricted|Total funds|
|||funds|funds|2022|
|INCOME|||||
|Donations
and Legacies||673,7GO|297,842|971,602|
|Charitable
Activities|||2.397|2,397|
|Trading Activities||177,001||177,001|
|Other income||16,621||16,621|
|Investments||424||424|
|TOTAL INCOME|||||
|||867,806|300,239|1,168,045|
|EXPENDITURE|||||
|Cost ofraising funds||23,792||23,792|
|Charitable
acrlvltles||791,536|328,872|1,120,408|
|TOTAL EXPENDITURE||815,328|328,872|1,144,200|
|NET INCOME/(EXPENDITURE)||52,478|(28,633)|23,845|
|Fund balances at beginning|ofyear|1,439,G07|377,856|1,817,463|
|FUND BALANCES AT END OFYEAR||1,492,085|349,223|1,841,308|