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|Report ofthe Trustees|1|to|3|
|---|---|---|---|
|Report ofthe Independent
Auditors|4to6|||
|Statement ofFinancial Activities||||
|Statement ofFinancial Position|8|to|9|
|Statement ofCash Flows||10||
|Notes to the Statement ofCash Flows||||
|Notes to the Financial Statements|12|to|23|
|Detailed Statement ofFinancial Activities|24|to|25|
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|||||||31.8.20|31.8.19|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|fund|fllnds|funds|
||||Notes|||f.||
|INCOME|FROM|||||||
|Donations||||||54,391|131,857|
|Charitable|activities|||||||
|Education||||465,426||465,426|623,139|
|Other Charitable
Activities|||3|24@57||24„357|217,295|
|Investment|income||4|274;/39||2'74 739|191,722|
|Total||||||818,913|1,164,023|
|EXPENDITURE ON||||||||
|Raising funds||||61,541||61,541|106,743|
|Charitable|activities|||||||
|Foundation||||411/81||411,381|349,942|
|Education||||415,096||415,096|602,789|
|Total||||888,018||888,018|1,059,474|
|Net gains on investments|||||||556,643|
|NKT INCOME/{EXPENDITURE)||||(69,105)||(69,105)|661,192|
|RECONCILIATION||OFFUNDS||||||
|Total funds|brought fonvard|||9,897,655|20,522|9„918,177|9,256,985|
|TOTAL FUNDS CARIL1ED FORWARD||||9828 550|20522|9,849072|9918,177|
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||31AU|GUST 2020||||
|---|---|---|---|---|---|
|||||31.8.20|31.8.19|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
||Notes|||||
|FIXEDASSETS||||||
|Tangible assets|14|8,654,238||8,654+38|8,865,168|
|Investments||||||
|Investments|15|100||100|100|
|Investment
property|16|5000,000||5,000,000|5,000,000|
|||13,654,338||13,654@38|13„865,268|
|CURRENT ASSETS||||||
|Debtors|17|110„719||110,719|107,563|
|Cash at bank and in hand||861,412|211,522|881934|450,120|
|||972,131|20,522|992,653|557,683|
|CREDITORS||||||
|Amounts
falling due within one year|18|(4,797,919)||(4,797,919)|(4,504,774)|
|NET CURRENT ASSETS||~3825780)|20,522|~3805255)|~3,947,091)|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||9,828,550|20,522|9,849,072|9,918,177|
|NET ASSETS||9828 550|20522|9849072|9918,177|
|FUNDS||||||
|Unrestricted
funds||||998289550|9,897,655|
|Restricted funds||||20522|20,522|
|TOTAL FUNDS||||9,849 072|9,918,177|
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||FORTHE|YEAR ENDED|31AUGUST 2020||
|---|---|---|---|---|
||||31.8.20|31.8.19|
|||Notes|f.||
|Cash flows from operating|activities||||
|Cash generated
&oin operations|||392,314|188,314|
|Net cash provided
by operating
activities|||391314|188,314|
|Cash flows from investing|activities||||
|Purchase oftangible fixed assets
Sale oftangible fixed assets|||39500|(9,500)|
|Net cash provided
by/(used|in) investing|activities|39500||
|Change in cash and cash equivalents|||||
|in the reporting
period|||431,814|178,814|
|Cash and cash equivalents|at the||||
|beginning ofthe reporting|period||450 1M|271,306|
|Cash and cash equivalents|atthe end||||
|ofthe reporting
period|||881934|450 120|
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|OPERATING ACTIVI|TIES||||
|---|---|---|---|---|
||||31.8.20||
|Net (expenditure)/income|for the reporting|period (as per the|||
|Statement ofFinancial|Activities)||(69,105)|661,192|
|Adjustments
for:|||||
|Depreciation
charges|||1719430|191„906|
|Losses on investments||||(556,643)|
|(Increase}/decrease
in debtors|||(3,156)|34,085|
|Increase/(decrease}
in creditors|||293,145|~142,226|
|Net cash provided by operations|||392/14|188,314|
||At 1/9/19|Cash flow|At 31/8/20|
|---|---|---|---|
|Net cash||||
|Cash at bank and in hand|450 120|431$14|881934|
||450 120|431814|881934|
|Total|450120431$14||881934|
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|DONATIONS|DONATIONS||||
|---|---|---|---|---|
||||31.8.20|31.8.19|
|||||E|
|Foundation|Income||54@91|126,064|
|Gift aid||||5 793|
||||54,391|131857|
|OTHER CHARITABLE ACTIVITIES|||||
||||31.8.20|31.8.19|
|||||E|
|Other Fundraising||Activities|24357|217,295|
||||31.8.20|31.8.19|
|||||E|
|Rents receivable|||274,'739|191,732|
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|INCOME FR|OM CHA|RITABLE ACTIVITIES|||
|---|---|---|---|---|
||||31.S.20|31.8.19|
|||Activity|||
|Other Primary|School||||
|Income||Education|50/04|111,622|
|Fees Receivable||Education|415122|511,517|
|||||623,139|
|6.|RAISING FUNDS|||||
|---|---|---|---|---|---|
||Raising donations|and legacies||||
|||||31.8.20|31.8.19|
||General Fundraising|Events||61541|106,743|
|7.|CHARITABLE ACTIVITIES COSTS|||||
|||||Support||
||||l3irect|costs (see||
||||Costs|note 8)|Totals|
|||||E|K|
||Foundation||301,S62|109,519|411,381|
||Education||402930|12166|415096|
||||||826,477|
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|SUPPORT COSTS|||||||
|---|---|---|---|---|---|---|
||||||Governance||
||||Finance|Other|costs|Totals|
|Foundation|||101,167|176|8,1'76|109,519|
|Education|2|1'70|9003|985||12166|
||2|1'70|110170|1161|0176|121605|
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|Net incom|e/(expenditure|)
is stated after charging/(crediting):|||
|---|---|---|---|---|
||||31.8.20|31.8.19|
|Auditors'|remuneration||5,700|6,399|
|Auditors'|remuneration|for non audit work|2,4/6|761|
|Depreciation - owned||assets|170000|191,906|
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|Trustees'
expenses|||
|---|---|---|
||31.8.20|31.8.19|
|||E|
|Trustees' expenses|~149|418|
|STAFFCOSTS|||
||31.8.20|31.8.19|
|Wages and salaries|399„298|458,987|
|Other pension costs|4437|4,724|
||403,735|463,711|
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||||31.8.2D|31.8.19|
|---|---|---|---|---|
|Engaged on Charitable|Activities||29|31|
|Engaged on Management|||1|1|
|No employees
received|emoluments|in excess off60,000.|||
|COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES 31AUG 2019|||||
|||Unrestricted|Restricted|Total|
|||fund|fund|funds|
|INCOME FROM|||||
|Donations||111,335|20,S22|131,857|
|Charitable
activities|||||
|Education||623,139||623,139|
|Other Charitable
Activities||217,295||217,295|
|Investment
income||191,732||191,732|
|Total||1,143,501|20,522|1,164,023|
|EXPENDITURE ON|||||
|Raising funds||||106,743|
|Charitable
activities|||||
|Foundation||349,942||349,942|
|Education||602,789||602,789|
|Total||1,059,474||1,059,474|
|Net gains on investments||556645||556,643|
|NET INCOME||640,670|20,S22|661,192|
|RECONCILIATION|OFFUNDS||||
|Total funds brought forward||9,256,985||9,256,985|
##
|continued||||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||fund|fund|funds|
|TOTAL FUNDS CARRIED||||
|FORWARD|9897,655|20,522|9,918,177|
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|whose remuneration
amounted
to
TANGIBLE FIXEDASSETS|550,000in the year. (2|019:f50,000)|||
|---|---|---|---|---|
||||Fixtures||
||Freehold|Plant and|and||
||ploperty|machinery|fittings|Totals|
||K||||
|COST|||||
|At 1 September 2019
Impairments|8,959,950|89,500
~(39500|7,624|9,057,074
~39500)|
|At 31August 2020|8959950|50000|7624|9,017574|
|DEPRECIATION|||||
|At 1 September 2019|170,000|20,000|1,906|191,906|
|Charge for year|170,000|||170,000|
|At 31August 2020|340000|20 000|1906|361,906|
|NKT BOOKVALUE|||||
|At 31 August 2020|8619950|30000|5,'7188,655 66$||
|At 31August 2019|8789 950|69,500|5718|8,865,168|
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|DEBTORS||||
|---|---|---|---|
|||31.8.20|31.8.19|
|Amounts
falling due within one year:||||
|Trade debtors||50,110|76,303|
|Other debtors||36,901|2,134|
|Prepayments|and accrued income|22295|29 125|
|||109004|107,563|
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|CREDITORS: AMOUNTS FALLING DUE WIT|HIN ONE YEAR||
|---|---|---|
||31.8,20|31.8.19|
|Trade creditors|329115|31,238|
|Social security and other taxes|5,148|5,782|
|VAT|35,656|11,861|
|Other creditors|4,523,379|4,214,052|
|Accruals and deferred income|172,356|202,172|
|Accrued expenses|29,265|28,825|
|Rental Prepayments||10,844|
||4797919|4,504,774|
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|MOVEMEN|T IN FUNDS||||
|---|---|---|---|---|
||||Net||
||||movement|At|
|||At 1/9/19|in funds|31/8/20|
|Unrestricted|funds||||
|General fund||9,897,655|(69,105)|9,828,550|
|Restricted funds|||||
|Restricted Funds||20,522|||
|||9,918177|~69105|,9,849,072|
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|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||818,913|(888,018)|(69,105)|
|TOTAL FUNDS||818913|~888018}|@69,105}|
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1/9/18|in funds|31/8/19|
|Unrestricted|funds||||
|General fund||9,256,985|640,670|9,897,655|
|Restricted funds|||||
|Restricted Funds|||20,522|20,522|
|||9,256,985|661,192|9,918,177|
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
|Unrestricted
funds|||||
|General fund|1,143,501|(1,059,474)|556,643|640,670|
|Restricted funds|||||
|Restricted Funds|20,522|||20,522|
|TOTAL FUNDS|1 164,023|~1,059,474|556,643|661 192|
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|DETAILED STATEMENT OF FINANCIAL ACTIVITIES|||
|---|---|---|
|FORTHE YEAR ENDED 31AUGUST 2020|||
||31.8.20|31.8.19|
|INCOME|||
|Donations|||
|Foundation
Income|54/91|126,064|
|Gift aid||5,793|
||54@91|131,857|
|Other Charitable
Activities|||
|Other Fundraising
Activities|24/57|217,295|
|Investment
income|||
|Rents receivable|274,739|191,732|
|Charitable
activities|||
|Other Primary School Income|50,304|111,622|
|Fees Receivable|415122|511,517|
||465426|623,139|
|Total incoming resources|818,913|1,164,023|
|EXPKMMTURE|||
|Raising donations
and legacies|||
|General Fundnnsing
Events|61,541|106,743|
|Charitable
activities|||
|Trustees' expenses|1,349|418|
|Wages|399/98|458,987|
|Pensions|4,437|4,724|
|Educational
Resources|43,398|131,854|
|Insurance|12,181|10,726|
|Light and heat|6,619|11,508|
|Repairs and Renewals|13,676|7,472|
|Computer Maintenance|2,583|3,332|
|Other Office Expenses|9,732|18,453|
|Carried forward|4937273|647,474|
##
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||FOR THK YEAR ENDED 31|AUGUST 2020||
|---|---|---|---|
||||31.8.19|
|Charitable
activities||||
|Brought forward||4939273|647,474|
|Plant and machmery||171,430|191,906|
|Impairment
losses for tangible fixed assets||39,500||
|Training
and Courses||589|4,368|
|||704,792|843,748|
|Support costs||||
|Management||||
|Telephone||1,608|2,361|
|Advertising||570|204|
|||2,178|2,565|
|Finance||||
|Legal and Professional|Fees|14,806|11,079|
|BadDebts||84,617|44,167|
|Bank charges||10 '747|3,942|
|||110,170|59,188|
|Other||||
|Rates and water|||36,548|
|Cleaning|||2,990|
|Primary School Relocation|||532|
|||1,161|40,070|
|Governance
costs||||
|Auditors'
remuneration||5,700|6,399|
|Auditors'
remuneration|for non audit work|9470|761|
|||8 1'M|7,160|
|Total resources expended||888018|1059474|
|Net (expenditure)/income||~09 10|104549|