||||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|
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|||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|
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|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|
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||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|
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||||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|
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||||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|
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||||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|
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