| STATEMENT OF FINANCIAL ACTIVITIES | |||
|---|---|---|---|
| FORTHE YEAR ENDED 31MARCH 2021 | |||
| NOTES | 2021 | 2020 | |
| INCOMING RESOURCES | |||
| DONATION: | |||
| Unrestricted Funds |
4,153 | 7,359 | |
| Income from Students | |||
| Fees received | 22,751 | 23,689 | |
| TOTAL INCOMING RESOURCES | 26,964 | 31,048 | |
| RESOURCES EXPENDED | |||
| Direct Charitable Expenditure |
|||
| Property Expenses | 2 | 5,172 | |
| Administration Expenses |
3 | 18,179 | 14,301 |
| Other Expenses | 4 | 201 | 868 |
| Finance Costs | 5 | ||
| 18,380 | 20,341 | ||
| NKT INCOMING RESOURCES FOR THE YEAR | 8,524 | 10,707 | |
| Fund Balance carried forward | 8,524 | 10,707 | |
| The notes on page 6to 7 form part ofthese accounts |
| STATEMENT OF ASSETS&LIABILITI | ES AS AT 31MAR | CH 2 | 021 | |
|---|---|---|---|---|
| NOTES | 202I | 2020 | ||
| FIXEDASSETS | 9,059 | 9,059 | ||
| CURRENT ASSETS | ||||
| Debtors | 20,000 | |||
| Cash at bank | 110,456 | 81,252 | ||
| NET CURRENT ASSETS | 110,456 | 101,252 | ||
| CURRENT LIABILITIES | ||||
| Creditors-Expenses | 350 | 350 | ||
| NKT CURRENT LIABILITIES | 350 | 350 | ||
| NKT ASSETS | 119,165 | 109,961 | ||
| FUNDS | ||||
| Balance b/forward | 110,641 | 99,254 | ||
| Unrestricted | 8,524 | 10,707 | ||
| Revaluation Reserve |
||||
| 10 | 119,165 | 109,961 |
| THE Charity does not re | ceive grants as material part ofits inc |
ome | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| 2 | PROPERTY EXPENSES | |||
| General Insurance | 95 | 199 | ||
| Rent | 0 | 4,938 | ||
| Water Rates | 0 | 0 | ||
| Telephone | 78 | 35 | ||
| 73 | 5,172 | |||
| 3 | ADMINISTRATION | EXPENSES | ||
| Equipments =Tripod /Receiver |
0 | 726 | ||
| Stationery | 28 | 0 | ||
| Equipments Repairs |
0 | 80 | ||
| Teachers Wages | 18,179 | 13,495 | ||
| 18,207 | 14,301 | |||
| 4 | OTHER EXPENSES | |||
| Donation - Gambia | 0 | 380 | ||
| Books and Bags | 0 | 138 | ||
| Legal Fees | 0 | 0 | ||
| Professional Fees |
350 | 350 | ||
| 5 | FINANCE EXPENSES | |||
| Bank Charges |
| NOTES TO THE A | CCOUNTS FORT | HE YEAR | ENDED 31 | MARCH 2021 | |
|---|---|---|---|---|---|
| 6 FIXEDASSETS | Furniture | & | |||
| Equipment | TOTAL | ||||
| COST | |||||
| At 31st March 2020 | 9,059 | 9,059 | |||
| Additions | |||||
| As 31 March 2021 | 9,059 | 9,059 | |||
| NET BOOKVALUE | |||||
| At 31stMarch 2021 | 9,059 | 9,059 | |||
| At 31st March 2020 | 9,059 | 9,059 | |||
| 7DEBTORS | 2021 | 2020 | |||
| Other Debtors | 0 | 20,000 | |||
| 20,000 | |||||
| 8 CASH AT BANK | |||||
| Unrestricted Funds |
110,456 | 81,252 | |||
| BANK ACCOUNT ANALYSIS | |||||
| Barclays Bank - Current | A/C No 93373584 | 22,084 | 16,558 | ||
| Barclays Bank - Current | A/C No 73733823 | 88,372 | 64,694 | ||
| 110,456 | 81,252 |
| Balance at 01-Apr-20 |
Incoming Resources |
Expenditure | Total Funds |
|||
|---|---|---|---|---|---|---|
| Unrestricted | Funds | 110,641 | 26,904 | [18,380] | ]19,165 | |
| 110,641 | 26,904 | [18,380] | 119,165 | |||
| 2021 | 2020 | |||||
| 11 | CREDITORS | |||||
| Accruals = Prof | Fees | 35tl | 350 | |||
| 350 | 350 |