||||Page|| |---|---|---|---|---| |Strategic Report||||| |Report ofthe Trustees||2|to|6| |Independent
Examiner's|Report|||| |Statement ofFinancial Activities||||| |Balance Sheet||||| |Cash Flow Statement|||10|| |Notes to the Cash Flow|Statement|||| |Notes to the Financial Statements||12|to|18| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Page|| |---|---|---|---|---| |Strategic Report||||| |Report ofthe Trustees||2|to|6| |Independent
Examiner's|Report|||| |Statement ofFinancial Activities||||| |Balance Sheet||||| |Cash Flow Statetnent|||10|| |Notes to the Cash Bow|Statement|||| |Notes to the Bnancial Statements||12|to|18| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||2023|2022| |---|---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Total|Total| ||||||fund|fund|funds|funds| |||||Notes|f,|||f| |INCOME|AND ENDOWMENTS FROM|||||||| |Donations|and legacies||||30,866|620,115|650,981|105,896| |Charitable|activities|||||||| |Charitable|activities|||||||37,199| |Investment|income||||749||749|11| |Total|||||31,615|620,115|651,730|143,106| |EXPENDITURE ON||||||||| |Raising funds||||5|34,598|34,598|69,196|46,638| |Charitable|actlvltles|||||||| |Raising funds||||||||64,898| |Charitable|activities||||11,059|330,039|341,098|99rr69| |Total|||||45,657|364,637|410,294|211,505| |NET INCOME/(EXPENDITURE)|||||(14,042)|255,478|241,436|(68,399)| |RECONCILIATION|||OF FUNDS|||||| |Total funds|brought|forward|||96,810|(61,043)|35,767|104,166| |TOTAL FUNDSC~FORWARD|||||82,768|194,435|277,203|35,767| ## ## |||||2023|2022| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||fund|fund|funds|funds| |FIXEDASSETS|Notes|f.||f.|f,| |Tangible assets|12||26,839|26,839|| |CURRENT ASSETS|||||| |Debtors
Cash at bank and in hand|13|7,678
84,676|17,915
163,345|25,593
248,021|2,925
95201| |||92,354|181360|273,614|98,126| |CREDITORS|||||| |Amounts
falling due within one year|14|(9,586)|(13,664)|(23450)|(62,359)| |NET CURRENT ASSETS||82,768|167,596|250,364|35,767| |TOTAL ASSETS LESSCURRENT|||||| |LIABILITIES||82,768|194,435|277,203|35,767| |NET ASSETS||82,768|194,435|277,203|35,767| |FUNDS|16||||| |Unrestricted
funds
Restricted
funds||||82,768
194,435|96,810
(61,043)| |TOTAL FUNDS||||277203|35,767| |||||2023|2022| |---|---|---|---|---|---| ||||Notes|f.|f,| |Cash flows from operating|activities||||| |Cash generated
fiom operations|||1|249,811|(70,019)| |Net cash provided
by/(used|in) operating||activities|249,811|(70,019)| |Cash flows from investing|activities||||| |Purchase oftangible fixed assets||||(36,697)|| |Interest received||||749|| |Net cash (used in)/provided|by investing||activities|(35,948)|| |Change ln cash and cash equivalents||in|||| |the reporting
period||||213,863|(70,008)| |Cash and cash equivalents|at the||||| |beginning
ofthe reporting|period||2|34,158|104,166| |Cash and cash equivalents|at the end|of|||| |the reporting
period||||248,021|34,158| ## |RECONCILIATION
OFNET INCOME/(
OPERATING ACI'IVITIKS|EX|PENDITURE)
TO NKT CAS|H FLOW FROM|| |---|---|---|---|---| ||||2023|2022| ||||f|| |Net income/(expenditure)
for the reporting
Statement ofFinancial Activities)
Adjustments
for:|period (as per the||241,436|(68,399)| |Depreciation
charges
Interest received
Increase in debtors
Increase in creditors|||9,857
(749)
(22,667)
21,934|(11)
(2,925)
1,316| |Net cash provided
by/(used
ln) operations|||249,811|(70,019)| |ANALYSIS OF CASH AND CASH EQUIVALENTS||||| ||||2023|2022| ||||f|| |Cash in hand
Notice deposits (less than 3 months)
Overdralts
included
in bank loans and overdratts||falling due within one year|4
248,017|56
95,145
(61,043)| |Total cash and cash equivalents|||248,021|34,158| ## ## ||At 1/4/22|Cash flow|At 31/3/23| |---|---|---|---| |Net cash|||| |Cash at bank and in hand
Bank overdraft|95/01
(61,043)|152,820
61,043|248,021| ||34,158|213,863|248,021| |Total|34,158|213,863|248,021| ## ## ## ## |Plant and|machinery|20%on cost| |---|---|---| |Fixtures and fittings||25%o| |Computer|equipment|25%on cost| ## ## |DONATIONS|DONATIONS|AND LEGACIES|AND LEGACIES||| |---|---|---|---|---|---| |||||2023|2022| |Donations|and|legacies||30,866|105,896| |Grants||||620,115|| |||||650,981|105,896| |Grants received, included|||in the above, are as follows:||| |||||2023|2022| |||||f.|f.| |Other grants||||620,115|| |FO|R THE YEAR EN|R THE YEAR EN|DED 31MARC|DED 31MARC|H 2023||||| |---|---|---|---|---|---|---|---|---|---| |3.|INVESTMENT||INCOME||||||| |||||||||2023|2022| ||||||||||f| ||Deposit account||interest|||||749|ll| |4.|INCOME FROM|||CHARITABLE ACTIVITIES|||||| |||||||||2023|2022| ||||||Activity|||f.|f| ||Charitable|activities|||Charitable|activities|||37,199| ||RAISING FUNDS||||||||| ||Raising donations|||and legacies|||||| |||||||||2023|2022| ||Supportcosts|||||||34,598|23,319| ||Other trading activities||||||||| |||||||||2023|2022| ||||||||||f| ||Staffcosts|||||||34,598|23,319| ||Aggregate|amounts||||||69,196|46,638| |6.|CHARITABLE||AC~S||COSTS||||| ||||||||||Support| ||||||||||costs (see| ||||||||||note 7)
f| ||Charitable|activities|||||||341,098| |7.|SUPPORT COSTS||||||||| |||||||||Governance|| |||||||Management|Finance|costs|Totals| ||||||||f|f|f| ||Raising donations||and legacies|||||34,598|34,598| ||Charitable|activities||||336,695|208|4,195|341,098| |||||||336,695|208|38,793|375,696| ## ## |8.|NET INCOME/(EXPE|NET INCOME/(EXPE|NDITURE)|NDITURE)|NDITURE)|NDITURE)||||| |---|---|---|---|---|---|---|---|---|---|---| ||Net income/(expenditure)||is stated alter charging/(crediting):|||||||| ||||||||||2023|2022| ||Auditors'
remuneration||for non audit|work|||||3,600|120| ||Depreciation
- owned|assets|||||||9,858|| |9.|TRUSTEES' REMUNERATION|||AND BENEFITS||||||| ||Christine Locke was paid f60,000 for the year ended 31March 2023.|||||||||| ||Trustees'
expenses|||||||||| ||Christine Locke was reimbursed f3,536.33||||for expenses paid out.|||||| |10.|STAFFCOSTS||||||||2023|2022| |||||||||||f,| ||Wages and salaries||||||||106,621|50,551| ||||||||||106,621|50,551| ||The average monthly|number ofemployees|||during|the year was as follows:||||| ||||||||||2023|2022| ||Employees||||||||7|4| ||No employees
received||emoluments|in excess off60,000.||||||| |11.|COMPARATIVKS|FOR THE STATEMENT||||OF FINANCIAL|ACTIVITIES
Unrestricted||Restricted|Total| ||||||||fund||fund|funds| ||||||||f,|||| ||INCOME AND ENDOWMENTS
Donations
and legacies|||FROM|||7,079||98,817|105,896| ||Charitable
activities
Charitable
activities||||||36,219||980|37,199| ||Investment
income|||||||||| ||Total||||||43,309||99,797|143,106| ||EXPENDITURE ON
Raising funds||||||46,638|||46,638| ||Charitable
activities
Raising funds
Charitable
activities||||||2,455
(48,849)||62,443
148,818|64,898
99,969| ||Total|||||||244|211261|211,505| |FOR|THE YEAR ENDED||31MARCH 2023|||| |---|---|---|---|---|---|---| |11.|COMPARATIVES||FOR THK STATEMENT OF FINANCIAL|ACTIVITIES -continued||| |||||Unrestricted|Restricted|Total| |||||fund|fund|funds| ||NET INCOME/(EXPENDITURE)|||43,065|(111,464)|(68,399)| ||RECONCILIATION||OF FUNDS|||| ||Total funds brought|forward||53,745|50,421|104,166| ||TOTAL FUNDS CARRIED FORWARD|||96,810|(61,043)|35,767| |12.|TANGIBLE FIXED||ASSETS|||| |||||Fixtures||| ||||Plant and|and|Computer|| ||COST||machinery
f,|fittings
f|equipment|Totals
I| ||At I April 2022
Additions||11,944|4,860|31,837|11,944
36,697| ||At 31March 2023||11,944|4,860|31,837|48,641| ||DEPRECIATION|||||| ||At 1 April 2022
Charge for year||11,944|1,616|8,242|11,944
9,858| ||At 31 March 2023||11,944|1,616|8,242|21,802| ||NET BOOK VALUE|||||| ||At 31 March 2023|||3,244|23,595|26,839| ||At 31 March 2022|||||| |13.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR|||||| ||||||2023|2022| |||||||f.| ||Other debtors||||7,600|| ||Prepayments||||17,993|2,925| ||||||25,593|2,925| ## ## |FOR|THE YEAR ENDED 31MARCH 2023|THE YEAR ENDED 31MARCH 2023|||| |---|---|---|---|---|---| |14.|CREDITORS: AMOUNTS FALLING DUK WITHIN ONE||YEAR|2023|2022| |||||f.|f.| ||Bank loans and overdrails
(see note
Trade creditors
Accrued expenses|15)||19,520
3,730|61,043
1,196
120| |||||23,250|62,359| |15.|LOANS||||| ||An analysis of the maturity ofloans is given below:||||| |||||2023|2022| |||||I|f.| ||Amounts
falling due within one year on demand:
Bank overdrails||||61,043| |16.|MOVEMKNT IN FUNDS|||Net|| |||||movement|At| ||||At 1/4/22|in funds|31/3/23| ||||f.|f.|f.| ||Unrestricted
funds
General fund||96,810|(14,042)|82,768| ||Restricted funds
Restricted
fund||(61,043)|255,478|194,435| ||TOTAL FUNDS||35,767|241,436|277,203| ||Net movement
in funds, included|in the above are as follows:|||| ||||Incoming|Resources|Movement| ||||I'esources|expended
I|in funds
f.| ||Unrestricted
funds
General fund||31,615|(45,657)|(14,042)| ||Restricted funds
Restricted fund||620,115|(364,637)|255,478| ||TOTAL FUNDS||651,730|(410,294)|241,436| ## ## ## ||||Net|| |---|---|---|---|---| ||||movement|At| |||At 1/4/21|in funds|31/3/22| |||||f.| |Unrestricted|funds|||| |General fund||53,745|43,065|96,810| |Restricted funds||||| |Restricted fimd||50,421|(111,464)|(61,043)| |TOTAL FUNDS||104,166|(68,399)|35,767| ||Incoming|Resources|Movetuent| |---|---|---|---| ||resources|expended|in I'unde| ||I||8| |Unrestricted
funds|||| |General fund|43,309|(244)|43,065| |Restricted funds|||| |Restricted
fund|99,797|(211461)|(111,464)| |TOTAL FUNDS|143,106|(211,505)|(68,399)| |||||Net|| |---|---|---|---|---|---| |||||movement|At| ||||At I/4/21|in funds|31/3/23| ||||||6| |Unrestricted||funds|||| |General fund|||53,745|29,023|82,768| |Restricted|funds||||| |Restricted|fund||50,421|144,014|194,435| |TOTALFUNDS|||104,166|173,037|277,203| ## ## |A current
year 12 months
and prior year 12
as follows:|months
combined
net movement
in|Rnds, included
i|n the above| |---|---|---|---| ||Incoming|Resources|Movement| ||resources|expended|in funds| ||||f,| |Unrestricted
funds|||| |General fund|74,924|(45,901)|29,023| |Restricted funds|||| |Restricted fund|719,912|(575,898)|144,014| |TOTALFUNDS|794,836|(621,799)|173,037| ## ## ## ## ## ## ## |||||||2023|2022| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total|Total| |INCOME|AND ENDOWMENTS FROM||Notes|fund
f|fund|funds|funds
f,| |Donations|and legacies||2|30,866|620,115|650,981|105,896| |Charitable|activitks||||||| |Charitable|activities||||||37,199| |Investment|income|||749||749|| |Total||||31,615|620,115|651,730|143,106| |EXPENDITURE ON|||||||| |Raising funds|||5|34,598|34,598|69,196|46,638| |Charitable|activities||||||| |Raising funds
Charitable
activities||||11,059|330,039|341,098|64,898
99,969| |Total||||45,657|364,637|410,294|211,505| |NET INCOME/(EXPENDITURE)||||(14,042)|255,478|241,436|(68,399)| |RECONCILIATION||OFFUNDS|||||| |Total funds|brought
forward|||96,810|(61,043)|35,767|104,166| |TOTAL FUNDS CARRIED FORWARD||||82,768|194,435|277,203|35,767| ## ## |||||2023|2022| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||fund|fund|funds|funds| |FIXEDASSETS|Notes||f|g|f| |Tangible
assets|12||26,839|26,839|| |CURRENT ASSETS|||||| |Debtors
Cash at bank and in hand|13|7,678
84,676|17,915
163,345|25,593
248,021|2,925
95201| |||92,354|181,260|273,614|98,126| |CREDITORS|||||| |Amounts
falling due within one year|14|(9,586)|(13,664)|(23,250)|(62,359)| |NET CURRENT ASSETS||82,768|167,596|250,364|35,767| |TOTAL ASSETSLESSCURRENT|||||| |LIABILITIES||82,768|194,435|277,203|35,767| |NET ASSETS||82,768|194,435|277,203|35,767| |FUNDS|16||||| |Unrestricted
funds
Restricted
funds||||82,768
194,435|96,810
(61,043)| |TOTAL FUNDS||||277,203|35,767| |||||2023|2022| |---|---|---|---|---|---| ||||Notes|f.|| |Cash flows from operating|activities||||| |Cash generated
from operations|||1|249,811|(70,019)| |Net cash provided
by/(used|in) operating||activities|249,811|(70,019)| |Cash tlows from investing|activities||||| |Purchase oftangible
fixed assets
Interest received||||(36,697)
749|| |Net cash (used in)/provided|by investing||activities|(35,948)|| |Change in cash and cash equivalents||in|||| |the reporting
period
Cash and cash equivalents|at the|||213,863|(70,008)| |beginning
ofthe reporting|period||2|34,158|104,166| |Cash and cash equivalents|at the ead|of|||| |the reporting
period|||2|248,021|34,158| ## ## |
OPERATING ACfIVITI|
E|
S|||O NET CAS|FLOW FROM|| |---|---|---|---|---|---|---|---| |||||||2023|2022| |Net income/(expenditure)
for the reporting
Statement ofFinancial Activities)
Adjustments
for:|||period (as per the|||f
241,436|8
(68,399)| |Depreciation
charges
Interest received||||||9,857|| |Increase in debtors
Increase in creditors||||||(749)
(22,667)
21,934|(11)
(2,925)
1,316| |Net cash provided
by/(used||in) operations||||249,811|(70,019)| |ANALYSIS OF CASH AND CASH EQUIVALENTS|||||||| |||||||2023|2022| |Cash in hand|||||||8| |Notice deposits (less than 3 months)
Overdraits
included
in bank loans and overdrafls||||falling due within|one year|4
248,017|56
95,145
(61,043)| |Total cash and cash equivalents||||||248,021|34,158| |ANALYSIS OF CHANGES||IN NET FUNDS|||||| ||||||At I/4/22|Cash flow|At 31/3/23| |Net cash|||||||f| |Cash at bank and in hand
Bank overdrait|||||95301
(61,043)|152,820
61,043|248,021| ||||||34,158|213,863|248,021| |Total|||||34,158|213,863|248,021| ## ## ## ## ## ## ## |DONATI|ONS
AND LE|GACIES||| |---|---|---|---|---| ||||2023|2022| ||||f.|| |Donations|and legacies||30,866|105,896| |Grants|||620,115|| ||||650,981|105,896| |Grants received, included||in the above, are as follows:||| ||||2023|2022| |||||f.| ||||620,115|| |FO|R THE YEAR ENDED 31MARC|R THE YEAR ENDED 31MARC|H 2023||||| |---|---|---|---|---|---|---|---| |3.|INVESTMENT INCOME||||||| |||||||2023|2022| ||Deposit account interest|||||749|8
11| |4.|INCOME FROM|CHARITABLE ACTIVITIES|||||| |||||||2023|2022| ||||Activity||||| ||Charitable
activities||Charitable|activities|||37,199| |5.|RAISING FUNDS||||||| ||Raising donations|and legacies|||||| |||||||2023|2022| ||||||||f.| ||Support costs|||||34,598|23,319| ||Other trading activities||||||| |||||||2023|2022| ||Staffcosts|||||34,598|23,319| ||Aggregate
amounts|||||69,196|46 638| |6.|CHARITABLEA~S||COSTS||||| ||||||||Support| ||||||||costs (see| ||||||||note 7)| ||Charitable
activities||||||341,098| |7.|SUPPORT COSTS||||||| |||||||Governance|| |||||Management|Finance|costs|Totals| ||||||f|f.|| ||Raising donations
and legacies
Charitable
activities|||336,695|208|34,598
4,195|34,598
341,098| |||||336,695|208|38,793|375,696| |8.|NKT INCOME/(EXPENDITURE)|NKT INCOME/(EXPENDITURE)|NKT INCOME/(EXPENDITURE)|||||| |---|---|---|---|---|---|---|---|---| ||Net income/(expendinue)||is stated after charging/(crediting):|||||| ||||||||2023|2022| ||Auditors'
remuneration||for non audit|work|||3,600|120| ||Depreciation
- owned|assets|||||9,858|| |9.|TRUSTEES' REMUNERATION|||AND BENEFITS||||| ||Christine Locke was paid 860,000 for the year ended 31March 2023.|||||||| ||Trustees'
expenses|||||||| ||Christine Locke was reimbursed
%3,536.33||||for expenses paid out.|||| |10.|STAFF' COSTS|||||||| ||||||||2023|2022| ||Wages and salaries||||||106,621|50,551| ||||||||106,621|50,551| ||The average monthly|number ofemployees|||during|the year was as follows:||| ||||||||2023|2022| ||Employees||||||7|4| ||No employees
received||emoluments|in excess off60,000.||||| |11.|COMPARATIVES|FORTHK STATEMENT||||OF FINANCIAL ACTIVITIES||| |||||||Unrestricted|Restricted|Total| |||||||fund|fimd|funds| ||INCOME AND ENDOWMENTS|||FROM||||| ||Donations
and legacies|||||7,079|98,817|105,896| ||Charitable
activities|||||||| ||Charitable
activities|||||36,219|980|37,199| ||Investment
income|||||||| ||Total|||||43,309|99,797|143,106| ||EXPENDITURE ON|||||||| ||Raising funds|||||46,638||46,638| ||Charitable
activities|||||||| ||Raising funds
Charitable
activities|||||2,455
(48,849)|62,443
148,818|64,898
99,969| ||Total||||||211,261|211,505| |FO|RTHE YEAR ENDED|
31MARCH 2023|
31MARCH 2023|||| |---|---|---|---|---|---|---| |11.|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL||ACTIVITIES -continued||| |||||Unrestricted|Restricted|Total| |||||fimd|fund|funds| |||||f.||| ||NET INCOME/(EXPENDITURE)|||43,065|(111,464)|(68,399)| ||RECONCILIATION||OF FUNDS|||| ||Total funds brought|forward||53,745|50,421|104,166| ||TOTAL FUNDS CARRIED FORWARD|||96,810|(61,043)|35,767| |12.|TANGIBLE FIXEDASSETS|||||| |||||Fixtures||| ||||Plant and|tllld|Computer|| ||||machinery|Sttings
I|equipment|Totals| ||COST|||||| ||At
1 April 2022
Additions||11,944|4,860|31,837|11,944
36,697| ||At 31March 2023||11,944|4,860|31,837|48,641| ||DEPRECIATION|||||| ||At I April 2022
Charge for year||11,944|1,616|8,242|11,944
9,858| ||At 3 I March 2023||11,944|1,616|8,242|21,802| ||NET BOOK VALUE|||||| ||At 31March 2023||||23,595|26,839| ||At 31 March 2022|||||| |13.|DEBTORS:AMOUNTS FALLING DUK WITHIN ONE YEAR|||||| ||||||2023|2022| ||Other debtors
Prepayments||||7,600
17,993|2,925| ||||||25,593|2,925| ## ## ## |14.|CREDITORS:|AMOUNTS FAL|LING DUE WITHIN ONE Y|EAR||| |---|---|---|---|---|---|---| ||||||2023|2022| ||Bank loans and|overdraits
(see note 15)||||61,043| ||Trade creditors||||19,520|1,196| ||Accrued expenses||||3,730|120| ||||||23,250|62,359| |15.|LOANS|||||| ||An analysis ofthe maturity ofloans is given below:|||||| ||||||2023|2022| ||||||6|| ||Amounts
fatling
Bank overdrafls|due within one year on demand:||||61,043| |16.|MOVEMENT|IN FUNDS||||| ||||||Net|| ||||||movement|At| |||||At 1/4/22|in funds|31/3/23| ||||||f.|| ||Unrestricted
funds|||||| ||General Rnd|||96,810|(14,042)|82,768| ||Restricted funds|||||| ||Restricted fund|||(61,043)|255,478|194,435| ||TOTALFUNDS|||35,767|241,436|277,203| ||Net tnoveruent|in funds, included|in the above are as follows:|||| |||||Incoming|Resources|Movement| |||||resources|expended|in funds| ||||||f.|| ||Unrestricted
funds|||||| ||General fund|||31,615|(45,657)|(14,042)| ||Restricted funds|||||| ||Restricted fund|||620,115|(364,637)|255,478| ||TOTAL FUNDS|||651,730|(410294)|241,436| ## ## |||Net|| |---|---|---|---| |||movement|At| ||At 1/4/21|in funds|31/3/22| |Unrestricted
funds|||| |General fund|53,745|43,065|96,810| |Restricted funds|||| |Restricted fund|50,421|(111,464)|(61,043)| |TOTAL FUNDS|104,166|(68,399)|35,767| ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| |Uarestricted
funds|||| |General
fund|43,309|(244)|43,065| |Restricted funds|||| |Restricted
fimd|99,797|(211361)|(111,464)| |TOTAL FUNDS|143,106|(211,505)|(68,399)| ||||Net|| |---|---|---|---|---| ||||movement|At| |||At 1/4/21|in funds|31/3/23| |||f.||| |Unrestricted|funds|||| |General fund||53,745|29,023|82,768| |Restricted funds||||| |Restricted fund||50,421|144,014|194,435| |TOTAL FUNDS||104,166|173,037|277,203| ## ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||||8| |Unrestricted
funds|||| |General fund|74,924|(45,901)|29,023| |Restricted funds|||| |Restricted Rnd|719,912|(575,898)|144,014| |TOTAL FUNDS|794,836|(621,799)|173,037| ##