||||Page| |---|---|---|---| |Report ofthe Trustees|||1 to 4| |Independent
Examiner's||Report|| |Statement ofFinancial||Activities|| |Balance Sheet|||| |Notes to the Financial|Statements||9to 13| |Detailed Statement of|Financial Activities||14| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||2021|2020| |---|---|---|---|---|---|---|---| |||||Unrestricted|Resuicted|Total|Total| |||||funds|fund|funds|funds| ||||Notes|||f|f| |INCOME AND ENDOWMENTS||FROIM|||||| |Donations
and legacies||||38,540||38,540|74,371| |Charitable
activities|||||||| |Education
events||||15,842||15,842|107,595| |Other income|||||||1,539| |Other income —Government|grants||4|52 361||52,361|6,361| |Total||||106,743||106,743|189,866| |EXPENDITURE ON|||||||| |Charitable
activities|||||||| |Events, Exhibition Costs k.|materials|||102495||~102495|~284 046| |Total||||102,495||102,495|284,046| |NET INCOME/(EXPENDITURE)||||4,248||(4248)|(94,180)| |Transfers between funds|||||||| |Net movement
in funds||||4,248||4,248|(94,180)| |RECONCILIATION
OF|FUNDS||||||| |Total funds brought
forward||||56,910||56,910|151,090| |TOTAL FUNDS CARRIED FORWARD||||61 158|—|61.158|56910| ## ## |BALANCE SHEET
AT31MAY 2021|||||||| |---|---|---|---|---|---|---|---| |||Notes|2021|f||2020I|| |FIXEDASSETS|||||||| |Tangible assets|||||14,572||14,185| |CURRENT ASSETS|||||||| |Stock|||709|||589|| |Debtors||10|6,592|||5,753|| |Cash at bank and in|hand||90,424|||76,033|| |Total Current Assets|||97,725|||82,375|| |LIABILITIES|||||||| |Creditors: amounts|falling due||||||| |within one year||11|(36,139)|||(39,650)|| |NKT CURRENT ASSETS|||||61,586||42,725| |Total assets less current liabilities|||||876,158||f56,9]0| |Creditors: amounts|falling due||||||| |after more than one year||12|(15,000)||||| ||||||(15,000)||| |NET ASSETS|||||f61,158||X56,910| |THK FUNDS OFTHE CHARITY|||||||| |Unrestricted
funds||13|||61,158||56,910| |Restricted funds|||||||| |TOTAL CHARITY FUNDS|||||$6L158||856,910| ## ## ## ## ## ## ## ## ## ## ## ## ## |2.|DONATIO|||S
AND|LEGAC|IES||||| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||2071|2020| ||||||||||f.|| ||Donations|and gifis|||||||22,860|74,371| ||Grants||||||||15680|| ||||||||||38540|74,371| |3.|INCOME|FROM CHARITABLE ACTIVITIES||||||||| ||||||||||2021|2020| |||||||Activity|||f|| ||Educations||events|||Studios, productions|and events||15,842|107,595| ||Rocket car|kits and related||||Other income||||~1539| ||||||||||~15 842|109134| |4.|OTHER INCOME|||||||||| ||||||||||2021|2020| |||||||||||f| ||Job Retention|||Scheme|Grant||||33,686|6,361| ||Government|||grants|||||18,675|| ||||||||||52,361|6361| |5.|CHARITABLE ACTIVITIES COSTS|||||||||| |||||||||Direct costs|Support|Totals| ||||||||||costs|| ||||||||||(Seenote 5A)|| ||||||||||f|| ||Events, Exhibition Costs &materials|||||||6,252||6,252| ||Staffcosts||||||||80,415|80,415| ||Travelling|||||||]46||146| ||Centre refurbishment||||costs||||(979)|(979)| ||Marketiug|&Communications||||costs||||| ||Consultancy||||||||426|426| ||Website &|ITSupport|||costs||||382|382| ||Professional|||Fees||||40|2,732|2,772| ||Depreciation|||fixed assets|||||2,857|2,857| ||Disposal of||fixed assets||||||3,556|3,556| ||Other income||||||||6,645|6,645| ||Sundries||||||||23|23| |||||||||~6438|96,057|102,495| |5A.|SUPPORT||COSTS|||||||| ||||||||||Croverna|| |||||||||Other|nce|Totals| ||||||||||costs|| |||||||||||f| ||Staffcosts||||||||80,415|80,415| ||Professional|||Fees||||1,532|1,200|2,732| ||Sundries||||||||23|23| |||||||||1,532|81,638|83,170| ## ## ## ## ## |STAFFCOSTS|||||||| |---|---|---|---|---|---|---|---| |||||||2021|2020| |||||||f|f| |Wages and salaries|||||76,137||87,655| |Social security costs|||||2,807||7,161| |Pension costs||||||1 471|1 673| ||||||80415||96489| |Wages and salaries include aprovision||for discretionary|payment ofK9,000by the||trustees to a member ofstaff,||| |who had agreed to reduce levels|ofpay|during covid-19|furloughed|period during the year.|||| |The average number offull-time|and part-time staff during the year|||was as follows:|||| |||||||2021|2020| |Managers|||||||| |Operations|||||||| |1 employee was paid over more|than f60,000per annum||(2020: 1)||||| |TANGIBLE FIXED|||||Plant|gt|| |ASSETS||||Machinery
f|||| |Cost:|||||||| |At 1stJune 2020||||||18,816|| |Additions||||||6,800|| |Disposals||||||(6,587)|| |At 31stMay 2021||||||]9,029|| |Depreciation:|||||||| |At 1stJune 2020||||||4,631|| |Charge for the year||||||2,857|| |Eliminated||||||(3,031)|| |At 31stMay 2021||||||4,457|| |Net Book Value:|||||||| |31stMay 2021||||||14,572|| |31stMay 2020||||||14,185|| ## ## |DEBTORS||| |---|---|---| ||2021|2020| ||f.|f| |Debtors|6,240|2,518| |Other debtors &Prepayments|352|3,235| ||6,592|5,753| |CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||| ||2021|2020| |||f| |Trade creditors|212|13,858| |Accruals and deferred income|31,842|17,497| |Social security and other taxes|4,085|8,295| ## ## ||||||||||2021|2020| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||f|f| |Business|Interruption||Loan||||||15,000|| |ANALYSI|S OF NET||ASSETSBETWEEN FUNDS|||||||| ||||||||||2021|2020| |||||Unrestricted||Restricted|||Total|Total| ||||||funds||fund||funds|funds| ||||||f|||||f| |Tangible|assets||||14,572||||14,572|14,185| |Current
Current|assets
liabilities|||97,725
~36 139)||||97,725
~36139)||82,375
~39 650| ||||||76 158||||76158|56 910| |MOVEM|ENT|IN FUNDS||||||||| ||||||Net|movement||Transfers||| |||||At 1.6.20||in funds||between|funds|At 31.5.21| ||||||f|f|||f|f| |Unrestricted||funds||||||||| |General fund|||||6,910|4|248|||61 158| |TOTAL|FUNDS||||56,91~|~,248||||61,158| |Net movement||in funds, included||in the above are as|follows:|||||| |||||||Incoming||Resources||Movement
in| |||||||resources
f||expended
f||funds
f| |Unrestricted||funds||||||||| |General fund||||||106|743|~102495||4 248| |TOTAL|FUNDS|||||106,743||(102,495)||4,248| ## ## ## ## ## |FOR THE YEAR EN|DED|3|1MAY 2021||| |---|---|---|---|---|---| |||||2021|2020| |||||f.|I| |INCOME AND ENDOWMEisSTS|||||| |Donations
and legacies|||||| |Donations
and gifts||||22,860|74,371| |Grants||||15,680|| |||||38,540|74,371| |Charitable
activities|||||| |Education
events||||15,842|107,595| |Rocket car kits and related||income|||1,539| |||||15,842|109,134| |Other income|||||| |Job Retention
Scheme Grant||||33,686|6,361| |Government
grants||||18675|| |||||52361|6361| |Total incoming resources||||106743|~1898 6| |EXPENDITURE|||||| |Charitable
activities|||||| |Events, Exhibition Costs &,materials||||6,252|116,452| |Travelling||||146|2,482| |Professional
Fees||||40|350| |Financial
management|-bad debt provision|||6|| |||||6,444|119,284| |Support costs|||||| |Other|||||| |Staff costs, social security||&|pension|80,415|96.489| |Centre refurbishment|costs|||(979)|15,228| |Marketing &Communications|||costs||15,795| |Consultancy||||426|4,202| |Website &IT Support|costs|||382|9,562| |Other support costs||||6,645|9,386| |Disposal offixed assets||||3,556|5,779| |Depreciation
fixed assets||||2 857|4369| |||||93,302|160,810| |Governance
costs|||||| |Independent
Examiner's||tees||1,200|2,138| |Accountancy
fees for|other work|||1,532|1,002| |Sundries||||17|812| |||||2,749|3,952| |Total resources expended||||102495|284 046| |Net expenditure||||4 248|~94 180)|