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|---|---|---|---|
|Report ofthe Trustees|1|to|6|
|Report ofthe Independent<br>Auditors|7|to|8|
|Statement ofFinancial Activities||||
|Statement ofFinancial Position|10|to|11|
|Statement ofCash Flows||12||
|Notes to the Statement ofCash Flows||13||
|Notes to the Financial Statements|14|to|24|
|Detailed Statement ofFinancial Activities|25|to|27|





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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Restricted|Total|Total|
|||||funds|funds|funds|
|||Notes|||||
|INCOME AND ENDOWMENTS|FROM||||||
|Donations<br>and legacies|||99,760|229,089|328,849|500,119|
|Charitable<br>activities|||||||
|Property<br>rental|||11,790||11,790|10,740|
|Other trading activities|||12,194||12,194|267,332|
|Investment<br>income|||16||16|395|
|Total|||123,760|229,089|352,849|778,586|
|EXPENDITURE ON|||||||
|Raising funds|||77,914|54,566|132,480|541,658|
|Charitable<br>activities|||||||
|Central premises and administmtion|costs||238,348|63,973|302,321|327,001|
|Commercial<br>events|||3,464||3,464||
|Youth, schools &community|||13,419||13,419|59,736|
|Solomon project||||105|105|216|
|Total|||333,145|118,644|451,789|928,611|
|NET INCOME/(EXPENDITURE)|||(209,385)|110,445|(98,940)|(150,025)|
|Transfers<br>between funds||18|(460)|460|||
|Net movement<br>in funds|||(209,845)|110,905|(98,940)|(150,025)|
|RECONCILIATION OF FUNDS|||||||
|Total funds brought forward|||4,757,017|5,975|4,762,992|4,913,017|
|TOTAL FUNDS CARRIED FORWARD|||4,547,172|116,880|4,664,052|4,762,992|





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|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|f.||f.||
|FIXEDASSETS||||||
|Tangible assets|14|4,599,456|27,527|4,626,983|4,741,346|
|CURRENT ASSETS||||||
|Stocks|15|2427||2,227|1,711|
|Debtors|16|39,813|651|40,464|22,814|
|Cash at bank and in hand||28,094|88,701|116,795|166,515|
|||70,134|89,352|159,486|191,040|
|CREDITORS||||||
|Amounts<br>falling due within one year|17|(122,418)|1|(122,417)|(169,394)|
|NKT CURRENT ASSETS||(52,284)|89,353|37,069|21,646|
|TOTAL ASSETSLESSCURRENT|LIABILITIES|4,547,172|116,880|4,664,052|4,762,992|
|NETASSETS||4,547,172|116,880|4,664,052|4,762,992|
|FUNDS|18|||||
|Unrestricted<br>funds||||4,547,172|4,757,017|
|Restricted funds||||116,880|5,975|
|TOTAL FUNDS||||4,664,052|4,762,992|





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## 

|||||2021|2020|
|---|---|---|---|---|---|
||||Notes|f|f.|
|Cash flows from operating||activities||||
|Cash generated<br>from operations||||(21230)|52,044|
|Net cash (used in)/provided||by operating<br>activities||(21,230)|52,044|
|Cash flows from investing||activities||||
|Purchase oftangible fixed|assets|||(28,506)|(28,259)|
|Sale oftangible fixed assets|||||9,120|
|Interest received||||16|395|
|Net cash used in investing|activities|||(28,490)|(18,744)|
|Change in cash and cash|equivalents||in the|||
|reporting period||||(49,720)|33,300|
|Cash and cash equivalents||at the beginning of||||
|the reporting<br>period||||166,515|133,215|
|Cash and cash equivalents||at the end|oftbe|||
|reporting<br>period||||116,795|166,515|





## 

|NOTES TOTHE STATEMENT OFCASH FLOWS<br>for the year ended 31August 2021|NOTES TOTHE STATEMENT OFCASH FLOWS<br>for the year ended 31August 2021|NOTES TOTHE STATEMENT OFCASH FLOWS<br>for the year ended 31August 2021|NOTES TOTHE STATEMENT OFCASH FLOWS<br>for the year ended 31August 2021|NOTES TOTHE STATEMENT OFCASH FLOWS<br>for the year ended 31August 2021|||
|---|---|---|---|---|---|---|
|RECONCILIATION OFNET EXPENDITURE TO NET CASH FLOW FROM|||||OPERATING ACTIVITIES||
||||||2021|2020|
||||||E||
|Net expenditure|for the reporting|||period (as per the Statement ofFinancial|||
|Activities)|||||(98,940)|(150,025)|
|Adjustments<br>for:|||||||
|Depreciation<br>charges|||||142,867|150,400|
|Loss on disposal of||fixed assets||||3,023|
|Interest received|||||(16)|(395)|
|(Increase)/decrease||in stocks|||(516)|2,413|
|(Increase)/decrease||in debtors|||(17,650)|19,763|
|(Decrease)/increase||in cnxlitors|||(46,975)|26,865|
|Net cash (used in)/provided|||by operations||(21430)|52,044|
|ANALYSIS OF|CHANGES||IN NET FUNDS||||
|||||At 1/9/20|Cash flow|At 31/8/21|
||||||f||
|Net cash|||||||
|Cash at bank and|in|hand||166,515|(49,720)|116,795|
|||||166,515|(49,720)|116,795|
|Total||||166,515|(49,720)|116,795|





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## 

|Freehold|property||2'/o on cost|
|---|---|---|---|
|Leasehold|property|improvements|Over the remaining<br>period ofthe lease|
|Plant and|machinery||Straight line over 6yaux|
|Fixtures and fittings|||2(P/o on cost|
|Motor vehicles|||2(P/o on reducing balance|
|Computer|equipment||33'/o on cost|



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## 

|DONATION|S<br>AND LEGACIES|||
|---|---|---|---|
|||2021|2020|
|Gifts||2|2|
|Donations||14,268|315,419|
|Grants||314,579|184,698|
|||328,849|500,119|
|OTHER TRADING ACTIVITIES||||
|||2021f|2020|
|Cafe|||89,516|
|Commercial|events|10,079|151,804|
|Creative learning||2,115|26,012|
|||12,194|267,332|





## 

|||for|the year ended 31August 20|21||
|---|---|---|---|---|---|
|5.|INVESTMENT|INCOME||||
|||||2021|2020|
|||||f|f|
||Deposit account interest|||16|395|
|6.|INCOME FROM CHARITABLE ACTIVITIES|||||
|||||2021|2020|
|||Activity|||f|
||Sundry income|Property|rental|11,790|10,740|
|7.|RAISING FUNDS|||||
||Other trading activities|||||
|||||2021I|2020|
||Staffcosts|||48,668|270,002|
||Advertising|||13,856|22,461|
||Events|||33,802|109,577|
||Food&beverages|||549|40,382|
||Telephone &internet|||2,138|1,949|
||Printing,<br>postage|&stationery||1,290|2,893|
||Sundries|||9|32|
||Travelling|||180|2,094|
||Cleaning|||3,553|2,179|
||Insurance|||7,647|6,863|
||Creative learning|||1,850|17,854|
||Rates and water|||3,060|4,749|
||Light and heat|||8,464|10,052|
||Information<br>systems|||6,564|7,563|
||Staffexpenses||||684|
||Staffrecruitment|and training||850|588|
||Exceptional<br>item|- redundancy|||41,736|
|||||132,480|541,658|





## 

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## 

## 

|CHARITABLE ACTI|VITIES CO|STS||||
|---|---|---|---|---|---|
|||||Support||
||||Direct|costs (see||
||||Costs|note 9)<br>f|Totalsf|
|Central premises and administration||costs|219,068|83,253|302,321|
|Commercial<br>events|||3,464||3,464|
|Youth, schools &community|||13,419||13,419|
|Solomon project|||105||105|
||||236,056|83,253|319,309|
|SUPPORT COSTS||||||
|||||Governance||
||||Management|costsI|Totals<br>I|
|Central premises and administration||costs|67,916|15,337|83,253|
|NKT INCOME/(EXPENDITURE)||||||
|Net income/(expenditure)|is stated after charging/(crediting):|||||
|||||2021|2020|
|Auditors'<br>remuneration||||4,450|1,675|
|Auditors'<br>remuneration|for non audit|work||1,750|4,350|
|Depreciation<br>-owned assets||||142,869|150,400|
|Deficit on disposal offixed assets|||||3,023|



## 

## 



## 

## 

|12.|STAFFCOSTS||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2021|2020|
|||||||||||||f,|
||Wages and salaries||||||||||118,250|376,693|
||Social security costs||||||||||6,898|23,693|
||Other pension costs||||||||||4,855|13,431|
||||||||||||130,003|413,817|
||The average monthly|number of||employees|||during||the year was as follows:||||
||||||||||||2021|2020|
||||||||||||5|29|
||No employees<br>received||emoluments||in|excess||off60,000.|||||
||Total key management||personnel|remuneration||||wasf31,382.|||||
||Wages and salaries includes redundancy|||||payments|||amounting|tofnil (2020 - f51,776).|||
|13.|COMPARATIVES|FORTHE||STATEMENT OF FINANCIAL ACTIVITIES|||||||||
|||||||||||Unrestricted|Restricted|Total|
|||||||||||funds|fundsf|fundsf|
||INCOME AND ENDOWMENTS||||FROM||||||||
||Donations<br>and legacies|||||||||458,827|41,292|500,119|
||Charitable<br>activities||||||||||||
||Property<br>rental|||||||||10,740||10,740|
||Other trading activities|||||||||267,332||267,332|
||Investment<br>income|||||||||395||395|
||Total|||||||||737294|41,292|778,586|
||EXPENDITURE ON||||||||||||
||Raising funds|||||||||521,917|19,741|541,658|
||Charitable<br>activities||||||||||||
||Central premises and administration<br>Youth, schools 4community||||costs|||||326,461<br>26,406|540<br>33,330|327,001<br>59,736|
||Solomon project||||||||||216|216|
||Total|||||||||874,784|53,827|928,611|
||NET INCOME/(EXPENDITURE)|||||||||(137,490)|(12,535)|(150,025)|
||Transfers between funds|||||||||(11,055)|11,055||





## 

|13.|COMPARATIVES FORTHE|COMPARATIVES FORTHE|STATEMENT OF FINANCIAL|STATEMENT OF FINANCIAL|ACTIVITIES - continued|ACTIVITIES - continued||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|
||||||funds|funds|funds|
||Net movement<br>in funds||||(148,545)|(1,480)|(150,025)|
||RECONCILIATION|OF FUNDS||||||
||Total funds brought forward||||4,905,562|7,455|4,913,017|
||TOTAL FUNDS CARRIED FORWARD||||4,757,017|5,975|4,762,992|
||Total key management|personnel|remuneration|was 833,475.||||
|14.|TANGIBLE FIXED|ASSETS||||||
|||||||Leasehold||
||||||Freehold|property|Plant and|
||||||property|impmvements<br>f|machinery|
||COST|||||||
||At 1 September 2020||||6486,621|394,997|982,009|
||Additions||||||28,506|
||At 31August 2021||||6486,621|394,997|1,010,515|
||DEPRECIATION|||||||
||At 1 September 2020||||1,624,217|394,997|907,434|
||Charge for year||||122,999||16,803|
||At 31August 2021||||1,747,216|394,997|924,237|
||NET BOOK VALUE|||||||
||At 31August 2021||||4,539,405||86,278|
||At 31August 2020||||4,662,404||74,575|





## 

## 

||||Fixtures|Fixtures||||
|---|---|---|---|---|---|---|---|
|||||and|Motor|Computer||
||||fittings<br>8||vehicles<br>I|equipment|Totals<br>6|
||COST|||||||
||At 1 September 2020||189,429||23,426|107,989|7,984,471|
||Additions||||||28,506|
||At 31August 2021||189,429||23,426|107,989|8,012,977|
||DEPRECIATION|||||||
||At 1 September 2020||189,429||21,801|105,247|3243,125|
||Charge for year||||325|2,742|142,869|
||At 31 August 2021||189,429||22,126|107,989|3,385,994|
||NET BOOKVALUE|||||||
||At 31August 2021||||1,300||4,626,983|
||At 31August 2020||||1,625|2,742|4,741,346|
||The leasehold pmperty|improvements|relate to short leasehold|property.||||
|15.|STOCKS|||||||
|||||||2021f|2020|
||Stocks|||||2,227|1,711|
|16.|DEBTORS:AMOUNTS FALLING||DUE WITHIN ONE|YEAR||||
|||||||2021|2020|
||Trade debtors|||||1,902|476|
||VAT|||||13,804||
||Prepayments|||||24,758|22,338|
||||||||22,814|





## 

## 

||||||2021|2020|
|---|---|---|---|---|---|---|
|Trade creditors|||||33,047|24,578|
|Social security|and other taxes||||1,385|17,558|
|VAT||||||4,291|
|Other creditors|||||3,200|3,599|
|Accruals and deferred income|||||84,785|119,368|
||||||122,417|169,394|
|MOVEMENT|IN FUNDS||||||
|||||Net|Transfers||
|||||movement|between|At|
|||At|1/9/20|in funds|funds|31/8/21|
||||f|f|f,||
|Unrestricted<br>funds|||||||
|Working capital|fund|4,757,017||(209,385)|(460)|4,547,172|
|Restricted funds|||||||
|Solomon Project|||5,975|700||6,675|
|Children &Youth||||23,235|460|23,695|
|My Skillz||||5,000||5,000|
|Various||||5,000||5,000|
|Skate Park||||3,665||3,665|
|Arts Council Funding||||72,845||72,845|
||||5,975|110,445|460|116,880|
|TOTAL FUNDS||4,762,992||(98,940)||4,664,052|
|Net movement|in funds, included|in the above are as follows:|||||
|||||Incoming|Resources|Movement|
|||||resoulctn|expended|in funds|
|||||||f,|
|Unrestricted<br>funds|||||||
|Working capital|fund|||123,760|(333,145)|(209,385)|
|Restricted funds|||||||
|Solomon Project||||805|(105)|700|
|Children &Youth||||30,016|(6,781)|23,235|
|My Skillz||||5,000||5,000|
|Various||||5,000||5,000|
|Skate Park||||5,000|(1335)|3,665|
|Arts Council Funding||||183468|(110,423)|72,845|
|||||229,089|(118,644)|110,445|
|TOTAL FUNDS||||352,849|(451,789)|(98,940)|






## 

## 

|||||Net|Transfers||
|---|---|---|---|---|---|---|
|||||movement|between|At|
||||At 1/9/19|in funds|funds|31/8/20|
||||f|f|I|f,|
|Unrestricted<br>funds|||||||
|Working capital fund|||4,905,562|(137,490)|(11,055)|4,757,017|
|Restricted funds|||||||
|Solomon Project|||2,295|3,680||5,975|
|Children &Youth||||(8,184)|8,184||
|My Skillz|||404||(404)||
|School radio project|||191|(2,687)|2,496||
|Intergenetational|dance||1,008||(1,008)||
|The Grab school competition|||3,557|(10,837)|7,280||
|My Skillz Autumn|2018/19|||1,343|(1,343)||
|Various||||4,150|(4,150)||
||||7,455|(12,535)|11,055|5,975|
|TOTAL FUNDS|||4,913,017|(150,025)||4,762,992|
|Comparative<br>net movement||in funds, included|in the above are as follows:||||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|Unrestricted<br>funds|||||||
|Working capital fund||||737,294|(874,784)|(137,490)|
|Restricted funds|||||||
|Solomon Project||||3,896|(216)|3,680|
|Children &Youth||||29,246|(37,430)|(8,184)|
|School radio project|||||(2,687)|(2,687)|
|The Grab school competition|||||(10,837)|(10,837)|
|My Skillz Autumn|2018/19|||4,000|(2,657)|1,343|
|Various||||4,150||4,150|
|||||41,292|(53,827)|(12,535)|
|TOTAL FUNDS||||778,586|(928,611)|(150,025)|





## 

## 

## 

## 

|||||Net||Transfers||
|---|---|---|---|---|---|---|---|
|||||movement||between|At|
||||At 1/9/19|in funds||funds|31/8/21|
|Unrestricted<br>funds||||||||
|Working capital fund|||4,905,562|(346,875)||(11,515)|4,547,172|
|Restricted funds||||||||
|Solomon Project|||2,295|4,380|||6,675|
|Children &Youth||||15,051||8,644|23,695|
|My Skillz|||404|5,000||(404)|5,000|
|School radio project|||191|(2,687)||2,496||
|Intergenemtional|dance||1,008|||(1,008)||
|The Grab school competition|||3,557|(10,837)||7,280||
|My Skillz Autumn|2018/19|||1,343||(1,343)||
|Various||||9,150||(4,150)|5,000|
|Skate Park||||3,665|||3,665|
|Arts Council Funding||||72,845|||72,845|
||||7,455|97,910||11,515|116,880|
|TOTAL FUNDS|||4,913,017|(248,965)|||4,664,052|
|A current year 12|months|and prior year|12months combined net movement|in funds, included||in the above are as follows:||
|||||Incoming||Resources|Movement|
|||||resources||expended|in funds|
|||||f.||f,||
|Unrestricted<br>funds||||||||
|Working capital fund||||861,054|(1,207,929)||(346,875)|
|Restricted funds||||||||
|Solomon Project||||4,701||(321)|4,380|
|Children &Youth||||59,262||(44,211)|15,051|
|My Skillz||||5,000|||5,000|
|School radio project||||||(2,687)|(2,687)|
|The Grab school competition||||||(10,837)|(10,837)|
|My Skillz Autumn|2018/19|||4,000||(2,657)|1,343|
|Various||||9,150|||9,150|
|Skate Park||||5,000||(1,335)|3,665|
|Arts Council Funding||||183,268||(110,423)|72,845|
|||||270,381||(172,471)|97,910|
|TOTAL FUNDS||||1,131,435|(1,380,400)||(248,965)|





## 

## 



## 

|for tbe year ended 3|1August 2021||
|---|---|---|
||2021|2020|
|INCOME AND ENDOWMENTS|||
|Donations<br>and legacies|||
|Gifts|2|2|
|Donations|14,268|315,419|
|Grants|314,579|184,698|
||328,849|500,119|
|Other trading activities|||
|Cafe||89,516|
|Commercial<br>events|10,079|151,804|
|Creative learning|2,115|26,012|
||12,194|267,332|
|Investment<br>income|||
|Deposit account interest|16|395|
|Charitable<br>activities|||
|Sundry income|11,790|10,740|
|Total incoming resources|352,849|778,586|
|EXPENDITURE|||
|Other trading activities|||
|Wages|43,653|249,117|
|Social security|3,182|12,779|
|Pensions|1,833|8,106|
|Advcttising|13,856|22,461|
|Events|33,802|109,577|
|Food&beverages|549|40,382|
|Telephone &internet|2,138|1,949|
|Printing, postage &stationery|1,290|2,893|
|Sundries|9|32|
|Travelling|180|2,094|
|Cleaning|3,553|2,179|
|Insurance|7,647|6,863|
|Creative learning|1,850|17,854|
|Rates and water|3,060|4,749|
|Light and heat|8,464|10,052|
|Information<br>systems|6,564|7,563|
|Staffexpenses||684|
|Canted forward|131,630|499,334|





## 

## 

||for the year ended 3|1August 2021||
|---|---|---|---|
|||2021I|2020|
|Other trading activities||||
|Brought forward||131,630|499,334|
|Staffrecruitment|and training|850|588|
|Exceptional<br>item|- redundancy||41,736|
|||132,480|541,658|
|Charitable<br>activities||||
|Wages||12,077|44,348|
|Social security||859|3,029|
|Pensions||483|1,774|
|Rates and water||3,060|4,749|
|Insurance||7,647|6,863|
|Light and heat||8,464|10,052|
|Telephone &internet||2,138|1,949|
|Printing, postage|&stationery|323|723|
|Sundries||9|32|
|Repairs &renewals||45,367|17,436|
|Cleaning||3,553|2,179|
|Travelling||180|2,094|
|Information<br>systems||1,641|1,891|
|Subscriptions||224|592|
|Motor expenses||2,054|2,313|
|Advertising||3,464|5,615|
|Staffexpenses||547|684|
|Staffrecruitment|and training|303|588|
|Health, safety and fire protec tion||796|548|
|Depreciation offieehold||122,998|122,998|
|Depreciation ofplant||16,803|16,511|
|Depreciation offixtures|||6,273|
|Depreciation ofmotor vehicles||325|550|
|Depreciation ofcomputers||2,741|4,069|
|Loss on sale oftangible fixed assets|||3,023|
|Exceptional<br>item|- redundancy||1,000|
|||236,056|261,883|
|Support costs||||
|Management||||
|Wages||62,520|83,228|
|Social security||2,857|7,885|
|Pensions||2,539|3,551|
|||67,916|94,664|
|Governance<br>costs||||
|Auditors'<br>remuneration||4,450|1,675|
|Carried forward||4,450|1,675|





## 

||for the year ended 31Au|gust 2021||
|---|---|---|---|
|||2021|2020f|
|Governance<br>costs||||
|Bmught forward||4,450|1,675|
|Auditors'<br>remuneration|for non audit work|1,750|4,350|
|Payroll fees||1,141|2,037|
|Legal and professional|fees|5,506|9,144|
|Bank charges||2,490|4,160|
|Exceptional<br>item - redundancy|||9,040|
|||15,337|30,406|
|Total resources expended||451,789|928,611|
|Net expenditure||(98,940)|(150,025)|