||||Page|| |---|---|---|---|---| |Report ofthe Trustees||1|to|9| |Independent
Examiner's|Report||10|| |Statement ofFinancial|Activities|||| |Balance Sheet||12|to|13| |Notes to the Financial Statements||14|to|19| |Detailed Statement ofFinancial Activities||20|to|21| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||2022|2021| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total|Total| |||||fund|fund|funds|funds| ||||Notes||||| |INCOME AND ENDOWMENTS||FROM|||||| |Investment
income||||73,429||73,429|72,695| |EXPENDITURE ON|||||||| |Raising funds||||4,072||4,072|3,947| |Charitable
activities|||||||| |Grant||||445,374||445,374|451,438| |Total||||449,446||449,446|455,385| |Net gains/(losses)
on investments||||(419,752)||(419,752)|455,863| |NET INCOME/(EXPENDITURE)||||(795,769)||(795,769)|73 173| |RECONCILIATION|OF FUNDS||||||| |Total funds brought
forward||||3,738,239||3,738,239|3,665,066| |TOTAL I"UNDS CARRIED FORWARD||||2,942,470||2,942,470|3,738,239| ## |||||2022|2021| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||fund|fund|funds|funds| ||Notes||||| |FIXEDASSETS|||||| |Tangible assets|8|720||720|960| |Investments|9|2,717,183||2,717,183|3,511,542| |||2,717,903||2,717,903|3,512,502| |CURRENT ASSETS|||||| |Debtors|10|202,727||202,727|201,865| |Cash at bank and in hand||26,485||26,485|28,690| |||229,212||229,212|230,555| |CREDITORS|||||| |Amounts
falling due within one year||(4,645)||(4,645)|(4,818)| |NKT CURRENT ASSETS||224,567||224,567|225,737| |TOTAL ASSETSLESSCURRENT|||||| |LIABILITIES||2,942,470||2,942,470|3,738,239| |NKT ASSETS||2,942,470||2,942,470|3,738,239| |FUNDS|12||||| |Unrestricted
funds:|||||| |General fund||||2,942,470|3,738,239| |TOTAL FUNDS||||2,942,470|3,738,239| ## ## ## ## ## ## ## ## ## ## ||||||2022|2021| |---|---|---|---|---|---|---| ||Interest received||||7,194|4,953| ||Dividends||||66,235|67,742| ||||||73,429|72,695| |3.|RAISING FUNDS|||||| ||INVK&STMENT|MANAGEMENT||COSTS||| ||||||2022|2021| ||Other operating|leases|||4,072|3,947| |4.|NE&TINCOME/(EXPENDITURE)|||||| ||Net income/(expenditure)||is stated after charging/(crediting):|||| ||||||2022|2021| ||Independent
Examiners||Fees||4,512|4,278| ||Depreciation
-owned assets||||240|319| ||Other operating|leases|||4,072|3,947| ## ## ## ## ||COMPARATIVKS FOR THK STATEMENT|COMPARATIVKS FOR THK STATEMENT|COMPARATIVKS FOR THK STATEMENT|OFFINANCIAL|ACTIVITIES||| |---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Total| ||||||fund|fund|funcls| |||||||E|| ||INCOME AND ENDOWMENTS||FROM||||| ||Investment
income||||72,695||72,695| ||EXPENDITURE ON||||||| ||Raising funds||||3,947||3,947| ||Charitable
activities||||||| ||Grant||||451,438||451,438| ||Total||||455,385||455,385| ||Net gains on investments||||455,863||455,863| ||NKT INCOME||||73,173||73,173| ||RECONCILIATION|OF FUNDS|||||| ||Total funds brought
forward||||3,665,066||3,665,066| ||TOTAL FUNDS CARRIED FORWARD||||3,738,239||3,738,239| |8.|TANGIBLE FIXEDASSETS||||||| ||||||Fixtures||| |||||Plant and|ancl|Computer|| |||||machinery|fittings|equipment|Totals| ||COST||||||| ||At 1 January 2022 and|31December|2022|10,717|51,617|4,325|66,659| ||DEPRECIATION||||||| ||At 1 January 2022|||10,717|50,877|4,105|65,699| ||Charge for year||||185|55|240| ||At 31December 2022|||10,717|51,062|4,160|65,939| ||NKT BOOI&VALUE||||||| ||At 31December 2022||||555|165|720| ||At 31December 2021||||740|220|960| ## ## |FIXEDASSETINVESTMENTS|| |---|---| ||Listed| ||investments| |MARKET VALUE|| |At 1 January 2022|3,511,542| |Additions|300,491| |D&sposals|(1,094,850)| |At 31December 2022|2,717,183| |NKT BOOK VALUE|| |At 31December 2022|2,717,183| |At 31December 2021|3,511,542| ## ## |10.|DEBTORS:|AMOUNTS FALLING DUK W|ITHIN ONE YEAR||| |---|---|---|---|---|---| |||||2022|2021| ||Other debtors|||879|799| ||Time deposits|||200,830|200,048| ||Prepayments|||1,018|1,018| |||||202,727|201,865| |11.|CREDITORS: AMOUNTS FALLING DUK||WITHIN ONE YEAR||| |||||2022|2021| ||Social security|and other taxes||133|540| ||Accrued expenses|||4,512|4,278| |||||4,645|4,818| |12.|MOVEMKNT IN FUNDS||||| |||||Net|| |||||movement|At| ||||At 1,1,22|in funds|31.12.22| ||Unrestricted|funds|||| ||General fund||3,738,239|(795,769)|2,942,470| ||TOTAL FUNDS||3,738,239|(795,769)|2,942,470| ## ||||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---|---| ||||resources|expended|losses|in funds| |Unrestricted|funds|||||| |General fund|||73,429|(449,446)|(419,752)|(795,769)| |TOTAL FUNDS|||73,429|(449,446)|(419,752)|(795,769)| |Comparatives|for movement|in funds||||| ||||||Net|| ||||||movement|At| |||||At 1.1.21|ln funcls|31,12.21| |Unrestricted|funds|||||| |General fund||||3,665,066|73,173|3,738,239| |TOTAL FUNDS||||3,665,066|73,173|3,738,239| |||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---| |||resources|expended|losses|in funds| |Unrestricted|funds||||| |General fund||72,695|(455,385)|455,863|73,173| |TOTAL FUNDS||72,695|(455,385)|455,863|73,173| ||||Net|| |---|---|---|---|---| ||||movement|At| |||At 1.1.21|nl funcls|31.12.22| |Unrestricted|funds|||| |General fund||3,665,066|(722,596)|2,942,470| |TOTAL FUNDS||3,665,066|(722,596)|2,942,470| ## ## |||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---| |||resources|expended|losses|in funds| |Unrestricted|funds||||| |General fund||146,124|(904,831)|36,111|(722,596)| |TOTAL FUNDS||146,124|(904,831)|36,111|(722,596)| ## ## ||||2022|2021| |---|---|---|---|---| |INCOME AND ENDOWMENTS||||| |Investment
income||||| |Interest received|||7,194|4,953| |Dividends|||66,235|67,742| ||||73,429|72,695| |Total incoming resources|||73,429|72,695| |EXPENDITURE||||| |Investment
management||costs||| |Other operating
leases|||4,072|3,947| |Charitable
activities||||| |Grants to institutions|||389,938|400,135| |Grants to individuals|||7,620|| ||||397,558|400,135| |Support costs||||| |Governance
costs||||| |Wages|||17,190|16,950| |Social security|||(302)|| |Pensions|||766|673| |Independent
Examiners Fees|||4,512|4,278| |Rates and water|||148|148| |Insurance|||422|408| |Telephone|||786|1,144| |Postage and stationery|||54|22| |Sundries||||75| |Legal fees|||23,456|26,152| |Travelling
and subsistence|||45|226| |Computer
expense|||495|795| |Bank charges|||84|84| |Foreign exchange gain/loss|||(80)|28| |Fixtures and fittings|||185|247| |Computer
equipment|||55|73| ||||47,816|51,303| |Total resources expended|||449,446|455,385| |Net expenditure
before gains and losses|||(376,017)|(382,690)| |Realised recognised|gains|and losses||| |Realised gains/(losses)|on fixed asset investments||(98,562)|84,728| |Carried forward|||(474,579)|(297,962)| |Realised recognised gains and losses|Realised recognised gains and losses| |---|---| |Brought forward|| |Unrealised
gains/(losses)|on fixed asset| |investments|| |2022|2021| |---|---| |(474,579)|(297,962)| |(321,190)|371,135| |(795,769)|73,173|