## 

|||||Page||
|---|---|---|---|---|---|
|Report ofthe Trustees|||1|to|5|
|Independent<br>Examiner's|Report|||||
|Statement ofFinancial|Activities|||||
|Balance Sheet|||8|to|9|
|Cash Flow Statement||||10||
|Notes to the Financial Statements|||11|to|20|
|Detailed Statement ofFinancial||Activities|21|to|22|





## 

## 

## 

## 



## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

|||for the|Year Ended 31December|2020||
|---|---|---|---|---|---|
|||||31.12.20|31.12.19|
|||||Unrestricted|Total|
|||||fund|funds|
||||Notes|||
|INCOME AND ENDOWMENTS||FROM||||
|Donations<br>and legacies||||325,996|376,299|
|Other trading activities||||47,516|131,783|
|Other income||||46,556||
|Total||||420,068|508,082|
|EXPENDITURE ON||||||
|Direct trading costs||||6,053|26,860|
|Charitable<br>activities||||||
|Charitable<br>Activities||||397,476|427,595|
|Total||||403,529|454,455|
|NET INCOME||||16,539|53,627|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought|forward|||76,919|23,292|
|TOTAL FUNDS CARRIED FORWARD||||93,458|76,919|





||Balance Sheet|||
|---|---|---|---|
||31December 2020|||
|||31.12.20|31.12.19|
|||Unrestricted|Total|
|||fund|funds|
||Notes|||
|FIXEDASSETS||||
|Tangible assets||81,570|77,440|
|CURRENT ASSETS||||
|Stocks|12|171|213|
|Debtors|13|15,042|20,742|
|Cash at bank and in hand||72,006|31,221|
|||87,219|52,176|
|CREDITORS||||
|Amounts<br>falling due within one year|14|(30,054)|(52,697)|
|NKT CURRENT ASSETS||57,165|(521)|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||138,735|76,919|
|CREDITORS||||
|Amounts<br>falling due after more than one year|15|(45,277)||
|NET ASSETS||93,458|76,919|
|FUNDS|18|||
|Unrestricted<br>funds||93,458|76,919|
|TOTAL FUNDS||93,458|76,919|





|||||Cash Flow Statement|||
|---|---|---|---|---|---|---|
|||for||the Year Ended 31December|2020||
||||||31.12.20|31.12.19|
|||||Notes|||
|Cash flows from operating||activities|||||
|Cash generated<br>fiom operations||||20|25,467|35,224|
|Interest paid|||||(625)||
|Net cash provided<br>by operating<br>activities|||||24,842|35,224|
|Cash flows from investing||activities|||||
|Purchase oftangible<br>fixed|assets||||(19,872)|(16,606)|
|Net cash used in investing|activities||||(19,872)|(16,606)|
|Cash flows from financing||activities|||||
|New loans in year|||||50,000||
|Capital repayments<br>in year||||||(18,994)|
|Net cash provided<br>by/(used||in) tinancing|activities||50,000|(18,994)|
|Change<br>in cash and cash||equivalents|in||||
|the reporting<br>period|||||54,970|(376)|
|Cash and cash equivalents||at the|||||
|beginning ofthe reporting||period||21|17,036|17,412|
|Cash and cash equivalents||at the end|of||||
|the reporting<br>period||||21|72,006|17,036|





## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

||DONATIONS|DONATIONS|AND LEGACIES|||
|---|---|---|---|---|---|
|||||31.12.20|31.12.19|
||Donations|||270,616|317,212|
||Gift aid|||55,380|59,087|
|||||325,996|376,299|
|3.|OTHER|TRADING ACTIVITIES||||
|||||31.12.20|31.12.19|
||Lettings income|||38,967|93,515|
||Beverage|sales||4,405|3,666|
||Catering|events||4,144|34,602|
|||||47,516|131,783|





## 

## 

## 

|OTHER TRADING|ACTIVITIES|||
|---|---|---|---|
|||31.12.20|31.12.19|
|Opening<br>stock||213|175|
|Purchases||4,411|26,898|
|Closing stock||(171)|(213)|
|Bad debts||1,600||
|||6,053|26,860|
|CHARITABLE ACTIVITIES COSTS||||
|Direct Costs||||
|Wages|||134,978|
|Social security|||6,583|
|Pensions|||5,665|
|Hire ofplant and machinery|||16,750|
|Rent|||78,092|
|Rates and water|||3,662|
|Events and guest speakers|||6,916|
|Repairs and renewals|||22,086|
||||274,732|
|Support Costs||||
|Bank charges|||3,488|
|Cleaning|||5,408|
|Client hospitality|||458|
|Gitts and donations|||13,242|
|Insurance|||5,645|
|Light and heat|||17,984|
|Depreciation|||15,743|
|Telephone|||6,394|
|Postage and stationery|||832|
|Equipment<br>and resources|||10,740|
|Travelling|||16,129|
|Advertising|||2,757|
|Subscriptions|||5,196|
|Sundry expenses||||
||||104,549|
|Governance<br>Costs||||
|Accountancy|||8,400|
|Legal and professional|fees||9,170|
||||17,570|



## 



## 

## 

## 

|SUPPORT COSTS|||
|---|---|---|
|||Finance|
|Charitable<br>Activities||625|
|NET INCOME/(EXPENDITURE)|||
|Net income/(expenditure)<br>is stated atter charging/(crediting);|||
||31.12.20|31.12.19|
|Depreciation<br>- owned assets|15,742|16,658|
|Hire ofplant and machinery|16,750|3,284|
|Other operating<br>leases|78,092|91,724|



## 

## 

## 

|STAFF COSTS|||||
|---|---|---|---|---|
||||31.12.20|31.12.19|
|Wages and salaries|||134,978|138,722|
|Social security costs|||6,583|8,383|
|Other pension costs|||5,665|5,285|
||||147,226|152,390|
|The average monthly|number ofemployees|during the year was as follows:|||
||||31.12.20|31.12.19|
|Employees|||6|7|





## 

|||||||
|---|---|---|---|---|---|
|10.|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES|||||
||||||Unrestricted|
||||||fund|
||INCOME AND ENDOWMENTS||FROM|||
||Donations<br>and legacies||||376,299|
||Other trading activities||||131,783|
||Total||||508,082|
||EXPENDITURE ON|||||
||Direct trading costs||||26,860|
||Charitable<br>activities|||||
||Charitable<br>Activities||||427,595|
||Total||||454,455|
||NKT INCOME||||53,627|
||RECONCILIATION|OF FUNDS||||
||Total funds brought|forward|||23,292|
||TOTAL FUNDS CARRIED FORWARD||||76,919|
|11.|TANGIBLE FIXED|ASSETS||||
|||||Improvements|Fixtures|
||||Short|to|and|
||||leasehold|property|fittings|
||COST|||||
||At<br>1 January 2020||104,801|15,220|142,972|
||Additions||||2,247|
||At 31December 2020||104,801|15,220|145,219|
||DEPRECIATION|||||
||At<br>1 January 2020||73,022|279|115,001|
||Charge for year||6,355|304|7,451|
||At 31 December 2020||79,377|583|122,452|
||NKT BOOK VALUE|||||
||At 31 December 2020||25,424|14,637|22,767|
||At 31December 2019||31,779|14,941|27,971|





## 

||Notes to the Financial Statements<br>- continued<br>for the Year Ended 31December 2020|Notes to the Financial Statements<br>- continued<br>for the Year Ended 31December 2020|Notes to the Financial Statements<br>- continued<br>for the Year Ended 31December 2020|||
|---|---|---|---|---|---|
|11.|TANGIBLE FIXEDASSETS - continued|||||
||||Motor|Computer||
||||vehicles|equipment|Totals|
||||f|||
||COST|||||
||At 1 January 2020||5,971|16,110|285,074|
||Additions|||17,625|19,872|
||At 31 December 2020||5,971|33,735|304,946|
||DEPRECIATION|||||
||At 1 January 2020||5,781|13,551|207,634|
||Charge for year||47|1,585|15,742|
||At 31December|2020|5,828|15,136|223,376|
||NKT BOOK VALUE|||||
||At 31December 2020||143|18,599|81,570|
||At 31 December 2019||190|2,559|77,440|
|12.|STOCKS|||||
|||||31.12.20|31.12.19|
||Stocks|||171|213|
|13.|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR|||
|||||31.12.20|31.12.19|
||Trade debtors|||6,515|13,144|
||Other debtors|||7,663|3,760|
||Prepayments|||864|3,838|
|||||15,042|20,742|
|14.|CREDITORS:|AMOUNTS FALLING DUK WITHIN ONK YEAR||||
|||||31.12.20|31.12.19|
||Bank loans and|overdrails|(see note 16j|4,724|14,185|
||Trade creditors|||4,499|6,583|
||Social security|and other|taxes|2,362|2,563|
||VAT||||2,302|
||Other creditors|||15,496|25,264|
||Accruals and deferred income|||2,973|1,800|
|||||30,054|52,697|





## 

## 

|15.|CREDITORS:|AMOUNT|S|FALLING DUE A|FTER M|ORE THAN ONE YEA|R||
|---|---|---|---|---|---|---|---|---|
||||||||31.12.20|31.12.19|
||Bank loans (see|note 16)|||||45,277||
|16.|LOANS||||||||
||An analysis ofthe maturity||of|loans is given below:|||||
||||||||31.12.20|31.12.19|
||Amounts<br>falling|due within|one year on demand:||||||
||Bank overdralts|||||||14,185|
||Bank loans||||||4,724||
||||||||4,724|14,185|
||Amounts<br>falling|due between||two and five years:|||||
||Bank loans - 1-5years||||||39,991||
||Amounts<br>falling|due in more than five years:|||||||
||Repayable<br>by instalments:||||||||
||Bank loans more 5 yr by instal||||||5,286||
|17.|LEASING AGREEMENTS||||||||
||Minimum<br>lease|payments|under non-cancellable||operating|leases fall due as follows:|||
||||||||31.12.20|31.12.19|
||Within one year||||||17,151|7,592|
||Between one and five years||||||6,545||
||||||||23,696|7,592|
|18.|MOVKMKNT|IN FUNDS|||||||
||||||||Net||
||||||||movement|At|
|||||||At 1.1.20|in funds|31.12.20|
||Unrestricted<br>funds||||||||
||General<br>fund|||||76,919|16,539|93,458|
||TOTAL FUNDS|||||76,919|16,539|93,458|





## 

## 

||||||Incoming|Resources|Movement|Movement|
|---|---|---|---|---|---|---|---|---|
||||||resources|expended|in|funds|
|Unrestricted||funds|||||||
|General|fund||||420,068|(403,529)||16,539|
|TOTAL|FUNDS||||420,068|(403,529)||16,539|
|Comparatives||for movement||in funds|||||
|||||||Net|||
|||||||movement||At|
||||||At 1.1.19|in funds|31.12.19||
|Unrestricted||funds|||||||
|General|fund||||23,292|53,627|76,919||
|TOTAL|FUNDS||||23,292|53,627||76,919|
|Comparative||net movement|in|funds, included|in the above are as follows:||||
||||||Incoming|Resources|Movement||
||||||resources|expended|in funds||
|Unrestricted||funds|||||||
|General|fund||||508,082|(454,455)||53,627|
|TOTAL|FUNDS||||508,082|(454,455)||53,627|
|A current|year 12months||and|prior year 12months combined position is as follows:|||||
|||||||Net|||
|||||||movement||At|
||||||At 1.1.19|in funds|31.12.20||
|Unrestricted||funds|||||||
|General|fund||||23,292|70,166||93,458|
|TOTAL|FUNDS||||23,292|70,166||93,458|





## 

## 

## 

|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources<br>f|expended|in funds|
|Unrestricted|funds||||
|General fund||928,150|(857,984)|70,166|
|TOTAL FUNDS||928,150|(857,984)|70,166|



## 

|20.|RECONCILIATION<br>OF NET INCOME TO NKT CASH FLOW FROM OPERATING ACTIVITIES|RECONCILIATION<br>OF NET INCOME TO NKT CASH FLOW FROM OPERATING ACTIVITIES|RECONCILIATION<br>OF NET INCOME TO NKT CASH FLOW FROM OPERATING ACTIVITIES|RECONCILIATION<br>OF NET INCOME TO NKT CASH FLOW FROM OPERATING ACTIVITIES|RECONCILIATION<br>OF NET INCOME TO NKT CASH FLOW FROM OPERATING ACTIVITIES|RECONCILIATION<br>OF NET INCOME TO NKT CASH FLOW FROM OPERATING ACTIVITIES|RECONCILIATION<br>OF NET INCOME TO NKT CASH FLOW FROM OPERATING ACTIVITIES|RECONCILIATION<br>OF NET INCOME TO NKT CASH FLOW FROM OPERATING ACTIVITIES|
|---|---|---|---|---|---|---|---|---|
||||||||31.12.20|31.12.19|
||Net income|for the|reporting|period (as per the Statement ofFinancial|||||
||Activities)||||||16,539|53,627|
||Adjustments|for:|||||||
||Depreciation|charges|||||15,743|16,659|
||Interest paid||||||625||
||Decrease/(increase)||in stocks||||42|(38)|
||Decrease/(increase)||in debtors||||5,700|(5,005)|
||Decrease in|creditors|||||(13,182)|(30,019)|
||Net cash provided||by operations||||25,467|35,224|
|21.|ANALYSIS|OF CASH AND||CASH EQUIVALENTS|||||
||||||||31.12.20|31.12.19|
||Cash in hand||||||405|361|
||Notice deposits (less than 3 months)||||||71,601|30,860|
||Overdraiis<br>included||in bank loans and overdraiis||falling due within|one year||(14,185)|
||Total cash and cash||equivalents||||72,006|17,036|
|22..|ANALYSIS|OF CHANGES||IN NET FUNDS|||||
|||||||At 1.1.20|Cash flow|At 31.12.20|
||Net cash||||||||
||Cash at bank|and in|hand|||31,221|40,785|72,006|
||Bank overdraft|||||(14,185)|14,185||
|||||||17,036|54,970|72,006|





## 

## 

|ANA|LYSIS|OF|CHA|N|GES IN NET FUNDS - c|ontinued|||
|---|---|---|---|---|---|---|---|---|
|Debt|||||||||
|Debts|falling|due|within||1 year||(4,724)|(4,724)|
|Debts|falling|due|after|1|year||(45,277)|(45,277)|
||||||||(50,001)|(50,001)|
|Total||||||17,036|4,969|22,005|





||||Detailed Statement ofFinancial Activities|||
|---|---|---|---|---|---|
||||for the Year Ended 31December 2020|||
|||||31.12.20|31.12.19|
|INCOME AND||ENDOWMENTS||||
|Donations<br>and|legacies|||||
|Donations||||270,616|317,212|
|Gift aid||||55,380|59,087|
|||||325,996|376,299|
|Other trading|activities|||||
|Lettings income||||38,967|93,515|
|Beverage sales||||4,405|3,666|
|Catering<br>events||||4,144|34,602|
|||||47,516|131,783|
|Other income||||||
|Government<br>grants||||46,556||
|Total incoming||resources||420,068|508,082|
|EXPENDITURE||||||
|Other trading|activities|||||
|Opening stock||||213|175|
|Purchases||||4,411|26,898|
|Bad debts||||1,600||
|Closing stock||||(171)|(213)|
|||||6,053|26,860|
|Charitable<br>activities||||||
|Wages||||134,978|138,722|
|Social security||||6,583|8,383|
|Pensions||||5,665|5,285|
|Hire ofplant and||machinery||16,750|3,284|
|Rent||||78,092|91,724|
|Rates and water||||3,662|2,697|
|Insurance||||5,645|5,469|
|Light and heat||||17,984|23,680|
|Telephone||||6,394|7,303|
|Postage and stationery||||832|2,492|
|Advertising||||2,757|8,412|
|Sundry expenses||||533|665|
|Licences and subscriptions||||5,196|2,632|
|Equipment<br>and|resources|||10,740|11,794|
|Gifts and donations||||13,242|12,269|
|Accountancy||||8,400|10,000|
|Bank charges||||3,488|4,501|
|Carried forward||||320,941|339,312|





## 

|||Detailed Statement ofFinancial|Activities|||
|---|---|---|---|---|---|
|||for the Year Ended 31December 2020||||
|||||31.12.20|31.12.19|
|Charitable<br>activities||||||
|Brought forward||||320,941|339,312|
|Client hospitality||||458|592|
|Travelling||||16,129|25,558|
|Legal and professional|fees|||9,170|7,315|
|Events and guest speakers||||6,916|20,878|
|Repairs and renewals||||22,086|10,310|
|Cleaning||||5,408|6,971|
|Short leasehold||||6,355|6,355|
|Improvements<br>to property||||304|279|
|Fixtures and fittings||||7,451|9,324|
|Motor vehicles||||48|63|
|Computer<br>equipment||||1,585|638|
|||||396,851|427,595|
|Support costs||||||
|Finance||||||
|Bank loan interest||||625||
|Total resources expended||||403,529|454,455|
|Net income||||16,539|53,627|