| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 2 | |
| Independent Examiner's |
Report | |||
| Statement ofFinancial Activities | ||||
| Balance Sheet | ||||
| Cash Flow Statement | ||||
| Notes to the Cash Flow | Statement | |||
| Notes to the Financial Statements | 8 | to | 12 |
| for th | e year ended 31Decembe | r 2022 | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Unrestricted | Total | ||||
| fund | funds | ||||
| Notes | f | ||||
| INCOME | AND ENDOWMENTS FROM | ||||
| Donations | and legacies | 50,000 | 895,000 | ||
| Investment | income | 24,079 | 6,445 | ||
| Total | 74,079 | 901,445 | |||
| EXPENDITURE ON | |||||
| Charitable | activities | ||||
| Charitable | activities | 64,403 | 35,417 | ||
| NET INCOME | 9,676 | 866,028 | |||
| RECONCILIATION | OF FUNDS | ||||
| Total funds | brought forward |
919,006 | 52,978 | ||
| TOTAL FUNDS CARRIED FORWARD | 928,682 | 919,006 |
| Balance Sheet 31December 2022 |
|||
|---|---|---|---|
| 2022 | 2021 | ||
| Unrestricted | Total | ||
| flind | funds | ||
| Notes | |||
| FIXEDASSETS | |||
| Investment property |
895,00Q | 895,00Q | |
| CURRENT ASSETS | |||
| Debtors | 8,816 | 4,345 | |
| Cash at bank | 27,5Q6 | 24,211 | |
| 36,322 | 28,556 | ||
| CREDITORS | |||
| Amounts falling due within one year |
10 | (2,640) | (4,550) |
| NKT CURRENT ASSETS | 33,682 | 24,006 | |
| LIABILITIES | |||
| TOTAL ASSETSLESSCURRENT | |||
| 928,682 | 919,006 | ||
| NKT ASSETS | 928,682 | 919,Q06 | |
| FUNDS | |||
| Unrestricted funds |
928,682 | 919,006 | |
| TOTAL FUNDS | 928,682 | 919,006 |
| 2021 | |||||
|---|---|---|---|---|---|
| Notes | |||||
| Cash flows from operating | activities | ||||
| Cash generated from operations |
3,295 | 866,417 | |||
| Net cash provided by operating |
activities | 3,295 | 866,417 | ||
| Cash flows from iuvesting | activities | ||||
| Purchase ofinvestment property |
(895,000) | ||||
| Net cash provided by/(used |
in) | investing | activities | (895,000) | |
| Change in cash and cash equivalents | in | ||||
| the reporting period |
3,295 | (28,583) | |||
| Cash and cash equivalents | at | the | |||
| beginning ofthe reporting | period | 24,211 | 52,794 | ||
| Cash and cash equivalents | at | the end | of | ||
| the reporting period |
27,506 | 24,211 |
| Notes to the Cash Flow Statement for the year ended 31December 2022 |
Notes to the Cash Flow Statement for the year ended 31December 2022 |
||||
|---|---|---|---|---|---|
| RECONCILIATION | OF NKT INCOME TO NKT CASH FLOW FROM | OPERATING ACTIVITIES | |||
| 2022 | 2021 | ||||
| Net income for the | reporting | period (as per the Statement ofFinancial | |||
| Activities) | 9,676 | 866,028 | |||
| Adjustments for: |
|||||
| Increase in debtors | (4,471) | (4,095) | |||
| (Decrease)/increase | in | creditors | (1,910) | 4,484 | |
| Net cash provided | by | operations | 3,295 | 866,417 |
| ANALYSIS OF CHANGES IN NET | FUNDS | ||
|---|---|---|---|
| At 1.1.22 | Cash flow | At 31.12.22 | |
| Net cash | |||
| Cash at bank | 24,211 | 3,295 | 27,506 |
| 24,211 | 3,295 | 27,506 | |
| Total | 24,211 | 3,295 | 27,506 |
| Further explana | tion ofthe nature and purpose ofeach fund is | included in the notes to the financial |
statements. | |
|---|---|---|---|---|
| DONATIONS | AND LEGACIES | |||
| 2022 | 2021 | |||
| Donations | 50,000 | 895,000 | ||
| 3. | INVESTMENT INCOME | |||
| 2022 | 2021 | |||
| Rents received | 24,079 | 6,445 |
| Support | ||||
|---|---|---|---|---|
| Direct | costs (see | |||
| Costs | note 5) | Totals | ||
| Charitable | activities | 49,619 | 14,784 | 64,403 |
| SUPPORT COSTS | ||||
| Governance | ||||
| Finance | costs | Totals | ||
| Charitable | activities | 395 | 14,389 | 14,784 |
| Unrestricted | |||
|---|---|---|---|
| fund | |||
| INCOME | AND ENDOWMENTS FROM | ||
| Donations | and legacies | 895,000 | |
| Investment | income | 6,445 | |
| Total | 901,445 | ||
| EXPENDITURE ON | |||
| Charitable | activities | ||
| Charitable | activities | 35,417 | |
| NKT INCOME | 866,028 | ||
| RKCONCILIATION | OFFUNDS | ||
| Total funds | brought forward |
52,978 | |
| TOTAL FUNDS CARRIED FORWARD | 919,006 |
| Notes to the Financial Statements - continued | Notes to the Financial Statements - continued | ||||
|---|---|---|---|---|---|
| for the year ended 31December 2022 | |||||
| S. | INVESTMENT PROPERTY | ||||
| FAIRVALUK | |||||
| At 1 January 2022 | |||||
| and 31December 2022 | 895,000 | ||||
| NKT BOOKVALUE | |||||
| At 31December 2022 | 895,000 | ||||
| At 31December 2021 | 895,000 | ||||
| 9. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONK YEAR | ||||
| 2022 | 2021 | ||||
| Other debtors | 8,508 | 4,075 | |||
| Prepayments and accrued income |
308 | 270 | |||
| 8,816 | 4,345 | ||||
| 10. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | ||||
| Other creditors | 2,640 | 4,550 | |||
| 11. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.1.22 | in funds | 31.12.22 | |||
| Unrestricted funds |
|||||
| General fund | 919,006 | 9,676 | 928,682 | ||
| TOTAL FUNDS | 919,006 | 9,676 | 928,682 | ||
| Net movement in funds, included |
in the above are as follows: | ||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| Unrestricted funds |
|||||
| General fund | 74,079 | (64,403) | 9,676 | ||
| TOTAL FUNDS | 74,079 | (64,403) | 9,676 |
| Net | ||||
|---|---|---|---|---|
| movement | ||||
| At 1.1.21 | 111fllnds | 31.12.21 | ||
| Unrestricted | funds | |||
| General fund | 52,978 | 866,028 | 919,006 | |
| TOTAL FUNDS | 52,978 | 866,028 | 919,006 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| K | ||||
| Unrestricted | funds | |||
| General fund | 901,445 | (35,417) | 866,028 | |
| TOTAL FUNDS | 901,445 | (35,417) | 866,028 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.1.21 | in funds | 31.12.22 | ||
| Unrestricted | funds | |||
| General fund | 52,978 | 875,704 | 928,682 | |
| TOTAL %%NDS | 52,978 | 875,704 | 928,682 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General tund | 975,524 | (99,820) | 875,704 | |
| TOTAL FUNDS | 975,524 | (99,820) | 875,704 |