| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 4 |
| Statement ofTrustees' ResponsibiTities |
|||
| Report ofthe Independent Auditors |
6 | to | 8 |
| Statement ofFinancial Activities | |||
| Balance Sheet | 10 | ||
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | 12 | ||
| Notes to the Financial Statemeuts | 13 | to | 20 |
| Detailed Statement ofFinancial Activities | 21 | to | 22 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Total | |||||
| fund | funds | |||||
| Notes | ||||||
| INCOME | AND ENDOWMENTS | FROM | ||||
| Voluntary | income | 43,806 | 44,582 | |||
| Charitable | activities | |||||
| Education | services | 1/29,429 | 947,223 | |||
| Fund generating activities |
714 | 1/28 | ||||
| Investment | income | 60 | 619 | |||
| Total | 1,274,009 | 993,652 | ||||
| EXPENDITURE ON | ||||||
| Charitable | activities | |||||
| Education | services | 909,493 | 790,994 | |||
| NET INCOME | 364,516 | 202,658 | ||||
| RECONCILIATION | OFFUNDS | |||||
| Total funds brought forward | 856@54 | 653,696 | ||||
| TOTAL FUNDS CAIuuED FORWARD | 1,220,870 | 856,354 |
| BALANCE SHEET 31July 2021 |
|||
|---|---|---|---|
| 2021 | 2020 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 13 | 85/61 | 64,501 |
| CURRENT ASSETS | |||
| Debtors | 14 | 17,800 | 11,367 |
| Cash at bank | 1,404,245 | 1,030,620 | |
| 1,422,045 | 1,041,987 | ||
| CREDITORS | |||
| Amounts falling due within one year |
15 | (286,436) | (250,134) |
| NKT CURRENT ASSETS | 1,135,609 | 791,853 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 1420,870 | 856,354 | |
| NKT ASSETS | 1/20,870 | 856,354 | |
| FUNDS | 17 | ||
| Unrestricted fimds |
1,220,870 | 856,354 | |
| TOTAL FUNDS | 1,220,870 | 856,354 |
| CASH FLOW S for the year ended |
TATEMENT 31July 2021 |
|||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash generated from operations |
421,223 | 236,754 | ||||
| Interest paid | (10) | |||||
| Net cash provided by operating activities |
421/23 | 236,744 | ||||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed | assets | (47%658) | (55,510) | |||
| Sale oftangible fixed assets | 500 | |||||
| Interest received | 60 | 619 | ||||
| Net cash used in investing | activities | (47,598) | (54,391) | |||
| Change in cash and cash | equivalents | in | ||||
| the reporting period |
373,625 | 182,353 | ||||
| Cash and cash equivalents | at the | |||||
| beginning ofthe reporting |
period | 1,030,620 | 848,267 | |||
| Cash and cash equivalents | at the end | of | ||||
| the reporting period |
1,404/45 | 1,030,620 |
| NOTES TOTHE CASH FLOW STATEMENT for the year ended 31July 2021 |
NOTES TOTHE CASH FLOW STATEMENT for the year ended 31July 2021 |
||||||
|---|---|---|---|---|---|---|---|
| RECONCILIATION | OF NET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | |||||
| 2021 | 2020 | ||||||
| Net income | for the | reporting | period (as per the Statement of Financial | ||||
| Activities) | 364,516 | 202,658 | |||||
| Adjustments Depreciation |
for: charges |
26,898 | 21,789 | ||||
| Loss on disposal of | fixed assets | 5,660 | |||||
| Interest received | (60) | (619) | |||||
| Interest paid | 10 | ||||||
| Increase in debtors | (6,433) | (9,490) | |||||
| Increase in creditors | 36/02 | 16,746 | |||||
| Net cash provided | by | operations | 421/23 | 236,754 | |||
| 2. | ANALYSIS | OFCHANGES IN NET FUNDS | |||||
| At 1.8.20 | Cash flow | At31.7.21 | |||||
| Net cash | |||||||
| Cash at bank | 1,030,620 | 373,625 | 1,404,245 | ||||
| 1,030,620 | 373,625 | 1,404,245 | |||||
| Total | 1,030,620 | 373,625 | 1,404,245 |
| 2. | VOLUNTARY INCOME | VOLUNTARY INCOME | VOLUNTARY INCOME | ||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Donations | and grants | 43,406 | 42,646 | ||||
| Sundry income | 400 | 1,936 | |||||
| 43,806 | 44,582 | ||||||
| 3. | FUND GENERATING ACTIVITIES | ||||||
| 2021 | 2020 | ||||||
| Fundraising | events | 714 | 1,228 | ||||
| 4. | INVESTMENT INCOME | ||||||
| 2021 | 2020 | ||||||
| Deposit account interest | 60 | 619 | |||||
| 5. | INCOME | FROM CHARITABLE ACTIVITIES | |||||
| 2021 | 2020 | ||||||
| Activity | f. | ||||||
| Fee income | Education services | 1/29,429 | 947,223 | ||||
| 6. | CHARITABLE ACTIVITIES | COSTS | |||||
| Direct | Support | ||||||
| Costs (see | costs (see | ||||||
| note 7) | note 8) | Totals | |||||
| E | |||||||
| Education | services | 862,074 | 47,419 | 909,493 | |||
| 7. | DIRECT | COSTS OF CHARITABLE ACTIVITIES | |||||
| 2021 | 2020 | ||||||
| f. | |||||||
| Staffcosts | 586,412 | 443,456 | |||||
| Rates and water | 2@48 | 2,195 | |||||
| Insurance | 7,488 | 6,075 | |||||
| Office costs | 49,907 | 35,236 | |||||
| Advertising | 195 | ||||||
| Sundries | 4,669 | 5,837 | |||||
| Maintenance | 9,578 | 17,944 | |||||
| Motor and | travel costs | 707 | 3,134 | ||||
| Food | 5,587 | 4,653 | |||||
| Garden | 471 | 815 | |||||
| Therapy | 9,122 | 10,451 | |||||
| Training and |
recruitment | 2,016 | 9,047 | ||||
| Tuition fees | 154,057 | 179,433 | |||||
| Lesson supplies | 2,538 | 6,520 | |||||
| Rent | 21,000 | 21,000 | |||||
| Trips | 981 | 550 | |||||
| Carried forward | 857,076 | 746,346 |
| 7. | DIRECT COSTS OF | DIRECT COSTS OF | CHARITABLE ACTIVITIES -continued | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Brought forward | 857,076 | 746,346 | ||||
| Subscriptions | &memberships | 4,998 | 2,186 | |||
| Interest payable and similar charges |
10 | |||||
| 8629074 | 748,542 | |||||
| 8. | SUPPORT | COSTS | ||||
| Governance | ||||||
| Finance | costs | Totals | ||||
| E | ||||||
| Education services | 26,898 | 20,521 | 47,419 | |||
| Support costs, included | in the above, are as follows: | |||||
| 2021 | 2020 | |||||
| Education | Total | |||||
| services | activities | |||||
| Depreciation | oftangible | fixed assets | 26,898 | 21,789 | ||
| Loss on sale | oftangible | fixed assets | 5,660 | |||
| Auditors' remuneration |
6,250 | |||||
| Accountancy | fees | 6,518 | 3,656 | |||
| Legal fees | 7,753 | 9,747 | ||||
| Independent | exam fees | 1,600 | ||||
| 47,419 | 42,452 | |||||
| 9. | NET INCOME/(EXPENDITURE) | |||||
| Net income/(expenditure) | is stated after charging/(crediting): | |||||
| 2021 | 2020 | |||||
| E | ||||||
| Auditors' remuneration |
6@50 | |||||
| Depreciation | - owned assets | 26,898 | 21,789 | |||
| Deficit on disposal offixed assets | 5,660 | |||||
| 1,600 |
| 11. | STAFFCOSTS | ||||||
| 2021 | 2020 | ||||||
| Wages and salaries | 535,612 | 405@56 | |||||
| Social security costs | 40,907 | 29,654 | |||||
| Other pension costs | 9,893 | 8,546 | |||||
| 586,412 | 443,456 | ||||||
| The average monthly | number ofemployees | during the year was as follows: | |||||
| 2021 | 2020 | ||||||
| Teaching and administration staff |
23 | 17 | |||||
| No employees received |
emoluments | in excess of860,000, | |||||
| 12, | COMPARATIVES | FOR THE STATEMENT OFFINANCIAL ACTIVI'DES | |||||
| Unrestricted | |||||||
| fund | |||||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Voluntary income |
44,582 | ||||||
| Charitable activities |
|||||||
| Education services | 947/23 | ||||||
| Fund generating activities |
i/28 | ||||||
| Investment incoine |
619 | ||||||
| Total | 993,652 | ||||||
| EXPENDITURE ON | |||||||
| Charitable activities |
|||||||
| Education services | 790,994 | ||||||
| NET INCOME | 202,658 | ||||||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 653,696 | |||||
| TOTAL FUNDS CARRIED FORWARD | 856,354 |
| 13. | TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|---|
| Improvements | Fixtures | ||||
| to | and | Computer | |||
| property | fittings f |
equipment | Totals f |
||
| COST | |||||
| At 1 August 2020 | 169,883 | 25,125 | 33,154 | 228,162 | |
| Additions | 40,917 | 380 | 6/61 | 47,65$ | |
| At 31July 2021 | 210,800 | 25,505 | 39,515 | 275,820 | |
| DEPRECIATION | |||||
| At 1 August 2020 | 121,218 | 14,584 | 27,859 | 163,661 | |
| Charge for year | 19,505 | 2,730 | 4,663 | 26,89$ | |
| At 31July 2021 | 140,723 | 17,314 | 32,522 | 190,559 | |
| NET BOOKVALUE | |||||
| At 31July 2021 | 70,077 | 8,191 | 6,993 | 85,261 | |
| At 31July 2020 | 48,665 | 10,541 | 5,295 | 64,501 | |
| 14. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2021 | 2020 | ||||
| f | |||||
| Other debtors | 9/37 | ||||
| Prepayments and accrued income |
17,800 | 2,130 | |||
| 17,800 | 11,367 | ||||
| 15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2021 | 2020 | ||||
| Trade creditors | 2/94 | 7,964 | |||
| Social security and other taxes | 16,606 | 11,762 | |||
| Other creditors | 9,237 | 9,237 | |||
| Accruals and deferred income | 257,999 | 221,171 | |||
| 286,436 | 250,134 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| f | ||||
| Balance | as at 1 August 2020 | 219,221 | 224,513 | |
| Amount | released to income earned from charitable | activities | (198839) | (224,513) |
| Amount | released to income earned from voluntary | income | (20,882) | |
| Amount | deferred in year | 251,249 | 219/21 | |
| 251,249 | 219/21 | |||
| Balance | as at 31 July 2021 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Within one year | 1,004 | |||||||
| Between one | and five years | 4,018 | ||||||
| In more than five years | 251 | |||||||
| 5/73 | ||||||||
| 17, | MOVEMENT | IN FUNDS | ||||||
| Net | ||||||||
| movement | At | |||||||
| At 1,8,20 | in funds | 31.7.21 | ||||||
| Unrestricted | funds | |||||||
| General fund | 856@54 | 364/16 | 1,220,870 | |||||
| TOTAL FUNDS | 856854 | 364/16 | 1/20,870 | |||||
| Net movement | in funds, included | in the above are as follows: | ||||||
| Incoming | Resources | Movement | ||||||
| resources | expended | in funds | ||||||
| Unrestricted | funds | |||||||
| General fund | 1/74,009 | (909,493) | 364/16 | |||||
| TOTAL FUNDS | 1,274,009 | (909,493) | 364,516 | |||||
| Comparatives | for movement | in | funds | |||||
| Net | ||||||||
| movement | At | |||||||
| At 1.8.19 | in funds | 31.7.20 | ||||||
| f. | ||||||||
| Unrestricted | funds | |||||||
| General fund | 653,696 | 202,658 | 856,354 | |||||
| TOTAL FUNDS | 653,696 | 202,658 | 856,354 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 993,652 | (790,994) | 202,658 | |
| TOTAL FUNDS | 993,652 | (790,994) | 202,658 | |
| A current year | 12months | and prior year 12months combined position is as follows: | ||
| Net | ||||
| movement | At | |||
| At 1.8.19 | in funds | 31.7.21 | ||
| Unrestricted | funds | |||
| General fund | 653,696 | 567,174 | 1,220,870 | |
| TOTAL FUNDS | 653,696 | 567,174 | 1,220,870 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| Unrestricted | funds | ||||
| General fund | 2,267,661 | (1,700,487 ) | 567,174 | ||
| TOTAL FUNDS | 2,267,661 | (1,700,487 ) | 567,174 | ||
| The general | fund represents | the &ee funds which are not designated | for particular | purposes. | |
| CAPITAL COMMITMENTS | |||||
| 2021 | 2020 | ||||
| f, | |||||
| Contracted but not provided | for in the financial statements | 23,588 |
| for the year ended 3 | 1July 2021 | ||
|---|---|---|---|
| 2021 | 2020 | ||
| INCOME AND ENDOWMENTS | |||
| Voluntary income |
|||
| Donations and grants |
43,406 | 42,646 | |
| Sundry income | 400 | 1,936 | |
| 43,806 | 44,582 | ||
| Fund generating | activities | ||
| Fundraising events |
714 | 1/28 | |
| Investment income |
|||
| Deposit account interest | 60 | 619 | |
| Charitable activities |
|||
| Fee income | 1/29,429 | 947,223 | |
| Total incoming resources | 1474,009 | 993,652 | |
| EXPENDITURE | |||
| Charitable activities |
|||
| Wages | 535,612 | 405256 | |
| Social security | 40,907 | 29,654 | |
| Pensions | 9,893 | 8,546 | |
| Rates and water | 2@48 | 2,195 | |
| Insurance | 7,488 | 6,075 | |
| Office costs | 49,907 | 35,236 | |
| Advertising | 195 | ||
| Sundries | 4,669 | 5,837 | |
| Maintenance | 9/78 | 17,944 | |
| Motor and travel costs | 707 | 3,134 | |
| Food | 5/87 | 4,653 | |
| Garden | 471 | 815 | |
| Therapy | 9,122 | 10,451 | |
| Training and recruitment | 2,016 | 9,047 | |
| Tuition fees | 154,057 | 179,433 | |
| Lesson supplies | 2,538 | 6,520 | |
| Rent | 21,000 | 21,000 | |
| Tnps | 981 | 550 | |
| Subscriptions k, memberships |
4,998 | 2,186 | |
| Bank charges | 10 | ||
| 862,074 | 748,542 | ||
| Support costs | |||
| Finance | |||
| Depreciation oftangible fixed assets | 26,898 | 21,789 | |
| Carried forward | 26,898 | 21,789 |
| for the year ended 3 | 1July 2021 | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Finance | |||
| Brought forward | 26,898 | 21,789 | |
| Loss on sale | oftangible fixed assets | 5,660 | |
| 26,898 | 27,449 | ||
| Governance | costs | ||
| Auditors' remuneration |
6/50 | ||
| Accountancy | fees | 6/18 | 3,656 |
| Legal fees | 7,753 | 9,747 | |
| independent | exam fees | 1,600 | |
| 20,521 | 15,003 | ||
| Total resources | expended | 909,493 | 790,994 |
| Net income | 364/16 | 202,658 |