| Page | Page | |||
|---|---|---|---|---|
| Repotr ofthe Ttnstees | ||||
| Independent Examiner's |
Report | |||
| Statement ofFinancial | Activities | |||
| Balance Sheet | 4 | to | 5 | |
| Cash Flow Statement | ||||
| Notes to the Cash Flow Statement | ||||
| Notes to the Financial | Statements | 8 | to | 14 |
| Detailed Statement of | Financial Activities | 15 | to | 16 |
| Statement ofEmancial for the Year Ended 30 |
Activities Se tember 20 |
21 | |||||
|---|---|---|---|---|---|---|---|
| 30.9.21 | 30.9.20 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Notes | |||||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
49,074 | 49,074 | 68,839 | ||||
| Charitable activities |
|||||||
| Management charges Millennium Centre Tenants |
37,408 8,000 |
395,064 | 37,408 403,064 |
40,717 416,467 |
|||
| Other trading activities Investment income |
26,860 | 26,860 | 633 51,104 |
||||
| Total | 121,342 | 395,064 | 516,406 | 577,760 | |||
| EXPENDITURE ON | |||||||
| Raising funds | 1,183 | ||||||
| Charitable activities |
|||||||
| Management charges Millennium Centre Tenants |
16,231 | 7,524 364,256 |
23,755 364,256 |
49,669 399,467 |
|||
| Other | 119,644 | 119,644 | 83,936 | ||||
| Total | 135,875 | 371,780 | 507,655 | 534,255 | |||
| NKT INCOME/(EXPENDITURE) | (14,533) | 23,284 | 8,751 | 43,505 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 1,135,551 | 225,641 | 1,361,192 | 1,317,687 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,121,018 | 248,925 | 1,369,943 | 1,361,192 |
| 30.9.21 | 30.9.20 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | f, | |||||
| FIXEDASSETS | ||||||
| Tangible assets | 12 | 315,328 | 315,328 | 322,227 | ||
| Investments | 13 | 100 | 100 | 100 | ||
| 315,428 | 315,428 | 322,327 | ||||
| CURRENT ASSETS | ||||||
| Debtors | 14 | (154,887) | 248,925 | 94,038 | 158,994 | |
| Cash at bank and in hand | 980,991 | 980,991 | 908,587 | |||
| 826,104 | 248,925 | 1,075,029 | 1,067,581 | |||
| CREDITORS | ||||||
| Amounts falling due within |
one year | 15 | (20,514) | (20,514) | (28,716) | |
| NKT CURRENT ASSETS | 805,590 | 248,925 | 1,054,515 | 1,038,865 | ||
| TOTAL ASSETSLESSCURRENT | ||||||
| LIABILITIES | 1,121,018 | 248,925 | 1,369,943 | 1,361,192 | ||
| NET ASSETS | 1,121,018 | 248,925 | 1,369,943 | 1,361,192 | ||
| FUNDS | 16 | |||||
| Unrestricted funds |
1,121,018 | 1,135,551 | ||||
| Restricted funds | 248,925 | 225,641 | ||||
| TOTAL FUNDS | 1,369,943 | 1,361,192 |
| Cash Flow Statement | ||||||
|---|---|---|---|---|---|---|
| for the Year Ended 30Se tember 2021 | ||||||
| 30.9.21 | 30.9.20 | |||||
| Notes | ||||||
| Cash flows from operating activities Cash generated from operations |
91,133 | 300,100 | ||||
| Net cash provided by operating activities |
91,133 | 300,100 | ||||
| Cash floivs from investing | activities | |||||
| Purchase oftangible fixed assets | (18,729) | (10,978) | ||||
| Net cash used in investing | activities | (18,729) | (10,978) | |||
| Change in cash and cash the reporting period |
equivalents | in | 72,404 | 289,122 | ||
| Cash and cash equivalents | at the | |||||
| beginning ofthe reporting |
period | 908,587 | 619,465 | |||
| Cash and cash equivalents | at the end | of | ||||
| the reporting period |
980,991 | 908,587 |
| 30.9.21 | 30.9.20 | ||||
|---|---|---|---|---|---|
| f, | |||||
| Net income | for the | reporting | period (as per the Statement ofFinancial | ||
| Activities) | 8,751 | 43,505 | |||
| Adjustments | for: | ||||
| Depreciation | charges | 25,628 | 20,841 | ||
| Decrease in | debtors | 64,956 | 265,256 | ||
| Decrease in | creditors | (8,202) | (29,502) | ||
| Net cash provided | by operations | 91,133 | 300,100 |
| ANALYSIS OF CHANGES IN NET FUND | S | ||
|---|---|---|---|
| At 1.10.20 | Cash flow | At 30.9.21 | |
| 8 | |||
| Net cash | |||
| Cash at bank and in hand | 908,587 | 72,404 | 980,991 |
| 908,587 | 72,404 | 980,991 | |
| Total | 908,587 | 72,404 | 980,991 |
| Notes to the Financial Statements |
Notes to the Financial Statements |
—continued | |||
|---|---|---|---|---|---|
| for the Year Ended 30Se tember | 2021 | ||||
| 3. | OTHER TRADING ACTIVITIES | ||||
| 30.9.21 | 30.9.20 | ||||
| Fundraising events |
633 | ||||
| 4. | INVESTMKNT INCOME | ||||
| 30.9.21 | 30,9.20 | ||||
| f | |||||
| Rental income | 24,056 | 46,154 | |||
| Investment income |
2,804 | 4,950 | |||
| 26,860 | 51,104 | ||||
| INCOME liROM CHARITABLE ACTIVITIES | |||||
| 30.9.21 | 30.9.20 | ||||
| Activity | |||||
| Management charges |
Management | charges | 37,408 | 40,717 | |
| Setvices charges tenants | Millennium | Centre Tenants | 403,064 | 416,467 | |
| 440,472 | 457,184 | ||||
| 6. | RAISING FUNDS | ||||
| Raising donations and legacies |
|||||
| 30.9.21 | 30.9.20 | ||||
| Fundraising costs |
1,183 | ||||
| 7. | CHARITABLE ACTIVITIES COSTS | ||||
| Direct | |||||
| Costs | |||||
| Management charges |
23,755 | ||||
| Millennium Centre Tenants |
364,256 | ||||
| 388,011 | |||||
| 8. | NET INCOME/(EXPENDITURE) | ||||
| Net income/(expenditure) | is stated atter charging/(crediting): | ||||
| 30.9.21 | 30.9.20 | ||||
| Depreciation —owned assets |
25,628 | 20,841 |
| Ib. | STAFF COSTS | |||||
|---|---|---|---|---|---|---|
| 30.9.21 | 30,9.20 | |||||
| Wages and salaries | 51,610 | 16,324 | ||||
| 51,610 | 16,324 | |||||
| The average monthly | number ofemployees | during the year was as follows: | ||||
| 30.9.21 | 30.9.20 | |||||
| Average number |
10 | 10 | ||||
| No employees received emoluments |
in excess off60,000. | |||||
| 11. | COMPARATIVES | FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
68,839 | 68,839 | ||||
| Charitable activities |
||||||
| Management charges |
40,717 | 40,717 | ||||
| MiRennium Centre Tenants |
416,467 | 416,467 | ||||
| Other trading activities | 633 | 633 | ||||
| Investment income |
18,530 | 32,574 | 51,104 | |||
| Total | 128,719 | 449,041 | 577,760 | |||
| EXPENDITURE ON | ||||||
| Raising funds | 1,183 | 1,183 | ||||
| Charitable activities |
||||||
| Management charges |
37,647 | 12,022 | 49,669 | |||
| Millennium Centre Tenants |
399,467 | 399,467 | ||||
| Other | 83,936 | 83,936 | ||||
| Total | 122,766 | 411,489 | 534,255 | |||
| NKT INCOME | 5,953 | 37,552 | 43,505 |
| Notes for the |
to the Financial Statements —contmued Year Ended 30 Se tember 2021 |
to the Financial Statements —contmued Year Ended 30 Se tember 2021 |
to the Financial Statements —contmued Year Ended 30 Se tember 2021 |
|||
|---|---|---|---|---|---|---|
| 11, | COMPARATIVES FORTHE STATEMENT OF FINANCIAL | ACTIVITIES - continued | ||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward |
1,129,598 | 188,089 | 1,317,687 | |||
| TOTAL FUNDS CARRIED FORWARD | 1,135,551 | 225,641 | 1,361,192 | |||
| 12. | TANGIBLE FIXEDASSETS | |||||
| Fixtures | ||||||
| Land & | and | Motor | ||||
| buildings | fittings | vehicles | Totals | |||
| COST | ||||||
| At 1 October 2020 |
541,705 | 116,977 | 658,682 | |||
| Additions | 18,729 | 18,729 | ||||
| At 30 September 2021 | 541,705 | 116,977 | 18,729 | 677,411 | ||
| DEPRECIATION | ||||||
| At 1 October 2020 |
275,758 | 60,697 | 336,455 | |||
| Charge for year | 15,318 | 5,628 | 4,682 | 25,628 | ||
| At 30 September 2021 | 291,076 | 66,325 | 4,682 | 362,083 | ||
| NET BOOK VALUE | ||||||
| At 30 September 2021 | 250,629 | 50,652 | 14,047 | 315,328 | ||
| At 30September 2020 | 265,947 | 56,280 | 322,227 | |||
| 13. | FIXEDASSETINVESTMKNTS | |||||
| 30.9.21 | 30.9.20 | |||||
| f, | ||||||
| Millennium Centre Trading Ltd |
100 | 100 | ||||
| There were no investment assets outside |
the UK, | |||||
| Investments (neither listed nor unlisted) |
were as | follows: | ||||
| 30.9,21 | 30,9,20 | |||||
| f | ||||||
| Millennium Centre Trading Ltd |
100 | 100 |
| 14. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONK YEAR | DEBTORS:AMOUNTS FALLING DUE WITHIN ONK YEAR | DEBTORS:AMOUNTS FALLING DUE WITHIN ONK YEAR | DEBTORS:AMOUNTS FALLING DUE WITHIN ONK YEAR | ||
|---|---|---|---|---|---|---|
| 30.9.21 | 30.9.20 | |||||
| Trade debtors | 71,583 | 158,994 | ||||
| VAT | 22,455 | |||||
| 94,038 | 158,994 | |||||
| 15. | CREDITORS: AMOUNTS FALLING DUK WITHIN ONK | YEAR | ||||
| 30.9.21 | 30,9.20 | |||||
| Trade creditors | 18,709 | 18,666 | ||||
| Social security | and other taxes | 1,805 | 2,911 | |||
| VAT | 7,139 | |||||
| 20,514 | 28,716 | |||||
| 16. | MOVEMENT IN FUNDS | |||||
| Net | ||||||
| At | movement | At | ||||
| 1.10.20 | in funds | 30.9.21 | ||||
| f, | f. | f, | ||||
| Unrestricted | funds | |||||
| General fund |
1,135,551 | (14,533) | 1,121,018 | |||
| Restricted funds |
||||||
| Millennium centre phases I&II |
213,746 | 30,093 | 243,839 | |||
| Millennium house |
11,895 | (6,809) | 5,086 | |||
| 225,641 | 23,284 | 248,925 | ||||
| TOTAL FUNDS | 1,361,192 | 8,751 | 1,369,943 | |||
| Net movement | in fimds, included | in the above are as follows: | ||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| f. | ||||||
| Unrestricted | funds | |||||
| General fund |
121,342 | (135,875) | (14,533) | |||
| Restricted funds |
||||||
| Millennium centre phases I&II |
394,349 | (364,256) | 30,093 | |||
| Millennium house |
715 | (7,524) | (6,809) | |||
| 395,064 | (371,780) | 23,284 | ||||
| TOTAL FUNDS | 516,406 | (507,655) | 8,751 |
| Comparative | s for movement in funds |
||||
|---|---|---|---|---|---|
| Net | |||||
| At | movement | At | |||
| 1.10.19 | ln funds | 30.9.20 | |||
| Unrestricted | funds | ||||
| General fund |
1,129,598 | 5,953 | 1,135,551 | ||
| Restricted | funds | ||||
| Millennium | centre phases I&II | 176,811 | 36,935 | 213,746 | |
| Millennium | house | 11,278 | 617 | 11,895 | |
| 188,089 | 37,552 | 225,641 | |||
| TOTAL FUNDS | 1,317,687 | 43,505 | 1,361,192 | ||
| Comparative | net movement in funds, included |
in the above are as follows: | |||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| f | |||||
| Unrestricted | funds | ||||
| General fund |
128,719 | (122,766) | 5,953 | ||
| Restricted | funds | ||||
| Millennium | centre phases I &II | 448,424 | (411,489) | 36,935 | |
| Millennium | house | 617 | 617 | ||
| 449,041 | (411,489) | 37,552 | |||
| TOTAL FUNDS | 577,760 | (534,255) | 43,505 |
| A current | y | e | ar 12m | onths | and prior year 12months | combined position is as follo |
ws: | |
|---|---|---|---|---|---|---|---|---|
| Net | ||||||||
| At | movement | At | ||||||
| 1.10.19 | in funds | 30.9.21 | ||||||
| f. | 6 | |||||||
| Unrestricted | funds | |||||||
| General | fund | 1,129,598 | (8,580) | 1,121,018 | ||||
| Restricted | funds | |||||||
| Millennium | centre | phases | I&II | 176,811 | 67,028 | 243,839 | ||
| Millennium | house | 11,278 | (6,192) | 5,086 | ||||
| 188,089 | 60,836 | 248,925 | ||||||
| TOTAL | FUNDS | 1,317,687 | 52,256 | 1,369,943 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund |
250,061 | (258,641) | (8,580) | |
| Restricted funds | ||||
| Millennium | centre phases I&II | 842,773 | (775,745) | 67,028 |
| Millennium | house | 1,332 | (7,524) | (6,192) |
| 844,105 | (783,269) | 60,836 | ||
| TOTAL FUNDS | 1,094,166 | (1,041,910) | 52,256 |
| Detailed Statement ofFinancial Activities | Detailed Statement ofFinancial Activities | ||
|---|---|---|---|
| for the Year Ended 30 | Se tember 2021 | ||
| 30.9.21f | 30.9.20 | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Donations | 49,074 | 68,839 | |
| Other trading activities |
|||
| Fundraising events |
633 | ||
| Investment income |
|||
| Rental income | 24,056 | 46,154 | |
| Investment income |
2,804 | 4,950 | |
| 26,860 | 51,104 | ||
| Charitable activities |
|||
| Management charges |
37,408 | 40,717 | |
| Services charges tenants | 403,064 | 416,467 | |
| 440,472 | 457,184 | ||
| Total incoming resources |
516,406 | 577,760 | |
| EXPENDITURE | |||
| Raising donations and legacies |
|||
| Fundraising costs |
1,183 | ||
| Charitable activities |
|||
| Millennium centre tenants cost |
364,256 | 399,467 | |
| Millennium house cost |
7,524 | 16,241 | |
| Repairs &maintenance | 2,623 | 19,970 | |
| Heat &lighting | 2,241 | 2,542 | |
| Rates | 8,173 | 6,786 | |
| Security | 3,194 | 4,130 | |
| 388,011 | 449,136 | ||
| Other | |||
| Wages Insurance |
51,610 1,461 |
16,324 583 |
|
| Motor and travelling | 2,877 | 466 | |
| Telephone and stationery |
4,995 | 6,432 | |
| Management and consultancy |
6,712 | 15,266 | |
| Legal &accountancy | cost | 4,745 | 1,890 |
| Bank Charges | 80 | 70 | |
| Sundry expenses | 10,877 | 12,776 | |
| Cleaning expenses | 2,869 | 3,988 | |
| Memberships | 3,970 | 2,687 | |
| Refuse expenses | 981 | 835 | |
| Carried forward | 91,177 | 61,317 |
| for the Y | ear Ended | 30Se tember 2021 | ||
|---|---|---|---|---|
| 30.9.21 | 30.9.20 | |||
| Other | ||||
| Brought | fonvard | 91,177 | 61,317 | |
| Computer/Sothvare | maintenance | 2,839 | 1,778 | |
| Freehold | property | 15,318 | 15,318 | |
| Fixtures | and fittings | 5,628 | 5,523 | |
| Computer | equipment | 4,682 | ||
| 119,644 | 83,936 | |||
| Total resources expended | 507,655 | 534,255 | ||
| Net income | 8,751 | 43,505 |