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2022-07-31-accounts

Page
Report ofthe Trustees 1 to 7
Report ofthe Independent
Auditors		 8 to 11
Statement ofFinanctal Activities 12
Balance Sheet 13
Cash Flow Statement 14
Notes to the Cash Flow Statement
Notes to the Financial Statements 16 to 26
Detailed Statement of Financial Activities 27 to 28

31/7/22 31/7/21
Unrestricted Restricted Endowment Total Total
funds fund fund funds funds
Notes f
INCOME AND
ENDOWMENTS FROM
Donations
and legacies		 2 65,211 2,288,554 2353,765 1 812 153
Investment
income		 3 154 154 282
Total 65,365 2,288,554 2453,919 1,812,435
EXPENDITURE ON
Raising
funds		 4 3,025 3,025 4,232
Charitable
activities
Supportcost 189,825 189,825 41,160
Direct Charitable Expenses 7,931 2.030,483 2,038,414 1,670,418
Other 4,502 4,502 2,624
Total 10,956 2,224,810 2,235,766 1,718,434
NET INCOME 54,409 63,744 118,153 94,001
Transfers
between		 funds 16 (9,182) 9,182
Net movement
in		 funds 45,227 72,926 118)153 94,001
RECONCILIATION OF
FUNDS
Total funds brought
forward 195,849 1,059,636 832 1,256,317 1,162,316
TOTAL FUNDS CARRIED
FORWARD 241,076 1,132,562 832 1,374,470 1,256,317

Balance Sheet
~31 J
I
2tl22
31/7/22 31/7/21
Unrestncted Restncted Endowment Total Total
funds fund fund funds funds
Notes f 'f f
FIXEDASSETS
Tangible assets 700,265 700,265 740,529
CURRENT ASSETS
Debtors 12 83,292 83,292 24.350
Cash at bank and in hand 241,075 446,023 832 687,930 592,566
241,075 529,315 832 771,222 616,916
CRKDITORS
Amounts
falling due within
one year 13 1 (97,D18) (97,017) (51,128)
NET CURRENT ASSETS 241,076 432,297 832 674,2D5 565,788
TOTAL ASSETSLESS
CURRENT LIABILITIES 241,076 1,132,562 832 1,374,470 1,306,317
CREDITORS
Amounts
falling due atter
more than one year 14 (50,000)
NKT ASSETS 241,076 1,132,562 832 1374,470 1,256,317
FUNDS 16
Unrestricted
funds		 241,076 195,849
Restricted funds 1,132,562 1,059,636
Endowment
funds		 832 832
TOTAL FUNDS 1,374,470 1,256,317
Cash Flow Statement
f
d
Y
E d*d)~)11		 2)22
31/7/22 3(/7/21
Notes
Cash flows from operating activities
Cash generated
from operations		 213)078 135,053
Interest paid (689)
Net cash provitied
by operating
activities		 212,389 l35,053
Cash flows from investing activities
Purchase oftangible
fixed assets		 (67,179) (584,634)
Interest received 154 282
Net cash used in investing activities (67,025) (584,352)
Cash flows from financing activities
New loans in year 50,000
Loan repayments
in year		 (50,000)
hlet cash (used in)/provided by financing activities (50,000) 50,000
Change in cash and cash equivalents
in the reporting
period		 95364 (399,299)
Cash and cash equivalents at the
beginning
oftbe reporting		 period 592,566 991,865
Cash and cash equivalents at the end
ofthe reporting
period		 687,930 592,566

RECONCIL1ATIO
ACTIVITIES		 N
OFNE		 T INCOME TO NET CASH FLOW FROM OPERATIN G
31/7/22 31/7/21
8
Net income for the reporting period (as per the Statement of
Financial
Activities)		 118,153 94,001
Adjustments
for:
Depreciation
charges		 107,443 102,284
Interest received (154) (282)
Interest paid 689
(increase)/decrease in debtors (58,942) 7,146
Increase/(decrease) in creditors 45,889 (68,096)
Net cash provided by operations 213,078 135,053

ANALYSIS OF CHA NGES IN NET FUN DS
At 1.8.21 Cash fiow At31.7.22
f
Net cash
Cash at bank and in hand 592,566 95,364 687,930
592,566 95,364 687,930
Debt
Debts falling due after 1 year (50,000) 50,000
(50,000) 50,000
Total 542,566 145364 687,930

DONATIONS
AND L		 EGACIES
31/7/22 31/7/21
Gifts I
Donations 60&533 81,675
Gift aid 3,541 5,755
Donated services and facilities 21,672 21,183
Income from Charitable Act 2,268,018 1,703,540
Z,353,765 l,812,153

31/7/22 31/7/21
8
Deposit account interest 154 282
4. RAISING FUNDS
Raising donations and legacies
31/7/22 31/7/21
g
Support costs 3,025 4,232
5, CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 6) Totals
f
Support cost
Direct Charitable		 Expenses 1,729,210 189,825
309,204		 189,825
2,038,414
1,729,210 499,029 2,228,239
6. SUPPORT COSTS
Governance
Management
f		 Finance Other 2
f		 costs Totals
Raising donations and
legacies
Support cost		 176,868 3,025
198		 689 12,070 31025
189,825
Direct Charitable
Expenses 300,613 8,591 309,204
477,481 3/223 609 20,661 502,054

31/7/22 31/7/21.
f,
Auditors' remunemtion 6,000 7,000
Depreciation —owned assets 1D7,443 l02,284
Direct expenses 59,944 49,814
TRUSTEES' REMUNERATION AND BENEFITS
31/7/22 31/7/21
8 f.
Trustees' salaries 80,00D 88,885
Trustees' social security 10,004 11,046
90,004 99,931

STAF F COSTS
31/7/22 31/7/21
Wages and salanes 1,510,117 1,048,464
Social security costs (36,624 87,882
Other pension costs 22,525 14,067
1,669,266 1,150,413

31/7/22 31/7/21
Bursar 1 1
Head teacher 1
Deputy Teacher I 3
Assistant Head 2
Teacher 3 3
Administrator 4 5
Supervisors 6 32
Tittors 32 2
Assistant head 2
52 47
31/7/22 31/7/21
f60,001 —f70,000 1
f.80,001 - f90,000 I
f90,000 - f100,000 I
10, COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Endowment Total
funds fund fund funds
f
INCOME AND ENDOWMENTS FROM
Donations and legacies 88,183 1,723,970 1,812,153
Investment income 282 282
Total 88,465 1,723,970 1,812,435
EXPENDITURE ON
Raising funds 4,232 4,232
Charitable activities
Supportcost 41,160 4'1,160
Direct Charitable
Expenses		 5,357 1,665,061 1,670,418
Other 2,624 2,624
Total 9,589 1,708,845 1,718,434

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Endowment Total
funds fund fund funds
NKT INCOME 78,876 15,125 94,001
Transfers
between		 funds (462,253) 462,253
Net movement
in funds		 (383,377) 477.378 94,001
RECONCILIATION OFFUNDS
Total funds brought forward 579,226 582,258 832 1,162,316
TOTAL FUNDS CARRIED
FORWARD I95,849 1,059,636 832 l,256,317
11. TANGIBLE FIXEDASSETS
improvements Fixtures
to Plant and and
property machinery fittings Totals
f f f f,
COST
At I August 2021 874,575 67,944 116,624 1,059,143
Additions 27,565 22,671 16,943 67,179
At 31July 2022 902,140 90,615 133,567 1,126,322
DEPRECIATION
At I August 2021 216,238 34,075 68301 318,614
Charge for year 76,991 14,135 16317 107,443
At 31 July 2022 293,229 48,210 84,618 426,057
NET BOOK VALUE
At 3I July 2022 608,911 42,405 48,949 700,265
At 31 July 2021 658,337 33,869 48,323 740,529

12. DEBTORS:AMOUNTS FALLING DUK WITHIN ONE YEAR
31/7/22 31/7/21
f.
Trade debtors 37,922 1,300
Other debtors 18,750 18,750
Prepayments
and accrued income		 7,065 4,300
Prepayments 19,555
83,292 24.350
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/22 31/7/21
f,
Trade creditors (I) 16.102
Social security and other taxes 41,718
Net wages 96
Pension Control Account 5,276 4,062
Accruals and deferred income 37,928 18,964
Accrued expenses 12,000 12,000
97,017 51,128
14. CRKDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/'//22 31/7/21
Bank loans (see note 15) 50,000
15. LOAh/S
An analysis ofthe maturity ofloans is given below:
31/7/22 31/7/21
Amounts
falling due in more than five years:
Repayable
by mstalments:
Bank loans more 5 yr by instal 50,000

MOVEMENT IN FUN DS
Net Transfers
movement between At
At (.8.21 in funds funds 31.7.22
Unrestricted funds
General Fund 195,849 54,409 (9,182) 241,076
Restricted funds
Restricted Fund 1,059,636 63,744 9,182 1,132,56Z
Endowment funds
Endowment 832 832
TOTAL FUNDS 1,256,317 118,153 1,374,470
Net movement in funds, included in the above are as follows:
incoming Resources Movement
resources expended
f		 in funds
f
Unrestricted funds
General Fund 65365 (10,956) 54,409
Restricted funds
Restricted Fund 2,Z88,554 (2,224,810) 63,744
TOTAL FUNDS 2,353,919 (2,235,766) 118,153

Net Transfers
movement between At
At 1.8.20 in funds funds 31.7.21
f f f
Unrestricted funds
General Fund 579.226 78,876 (462,253) 195,849
Restricted funds
Restricted Fund 582,258 15,125 462,253 1,059,636
Endowment funds
Endowment 832 832
TOTAL FUNDS 1,162,316 94,001 1,256,317
Incoming Resources Movement
resources expended in funds
f.
Unrestricted
funds
General Fund 88,465 (9,589) 78,876
Restricted
funds
Restricted Fund 1,723,970 (1,708,845 ) 15,125
TOTAL FUNDS 1,812,435 (1,718,434) 94,001

Net Transfers
movement between At
At 1.8.20 rn funds funds 31.7.22
f 8 f
Unrestricted funds
General
Fund		 579.226 133,285 (471,435) 241,076
Restricted funds
Restricted Fund 582,258 78,869 471,435 1,132,562
Endowment funds
Endowment 832 832
TOTAL FUNDS 1.!62,316 212,]54 1,374,470

Incoming Resources Movement
resources expended in funds
f
Unrestricted
funds
General Fund 153,830 (20,545) 133,285
Restricted funds
Restricted Fund 4,012,524 (3,933,655) 78,869
TOTAL FUNDS 4,166,354 (3,954,200) 212,154

1
3
Y
E~		 dd31
2		 1
21122
31/7/22 31/7/21
f.
INCOME AND ENDOWMENTS
Donations
and legacies
Gifts I
Donations 60,533 81,675
GiR aid 3,541 5,755
Donated services and facilities 211672 21,183
Income from Charitable Act 2,268,018 1,703,540
21353,765 1,812,153
Investment
income
Deposit account interest 154 282
Total incoming resources 2,353,919 1,812,435
EXPENDITURE
Charitable
activities
Trustees'
salaries		 80,000 88,885
Trustees' social security 10,004 11,046
9'ages 1,430,117 959,579
Social security 126,620 76,836
Pensions 22,525 14,067
Direct Expenses 59,944 49,814
1,729,210 1,200,227
Other
Travel 4,502 2,624
Support costs
Management
Rent, Rates and water 133,780 133,247
Insurance 12,733 20,443
Light and heat 7,653 6,347
Telephone 4,855 4,315
Postage and stationery 5,198 6,384
Advertising 10,976 5,467
Sundries 1,745 90
Cleaning 46,471 37,535
Carried forward 223,411 213,828

31/7/22 31/7/21
f
Management
Brought forward 223,411 213,828
Professional Fees 139,187 173,149
Repairs and Renewals 7,440 3,950
Depreciation oftangible and heritage assets 107,443 102,284
477,481 493,211
Finance
Bank charges 198 297
Cost ofgenerating funds 3,025 4,232
3/223 4,529
Other 2
Bank loan interest 689
Governance costs
Auditoria'
remuneration		 6,000 7,000
Accountancy fees 6,070 7,000
Subscriptton 8,591 3,843
20,661 17,843
Total resources expended 2,235,766 1,718,434
Net income 118,153 94.001