|||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|