|||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|
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||||||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|
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||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|
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|||||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|
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|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|
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|||||||||
|---|---|---|---|---|---|---|---|
|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|
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|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|