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|CONTENTS||||PAGE|
|---|---|---|---|---|
|Officers and|professional
advisers||||
|Trustees'
report|||||
|Independent|auditor's|report to the|members||
|Statement of|income|and retained|earnings|12|
|Statement of|financial|position||13|
|Statement of|cash flows||||
|Notes to the financial||statements||15|
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|THK BOARD OFDIRECTORS|KAppleyard|Chair||
|---|---|---|---|
||LMullen|Vice chair||
||A Kendall|||
||M Archer|||
||RA Price|||
||IKendall|||
||I Walker|||
||C Walker|||
||IHudson|||
||P Bowerman|||
|TREASURER|LGolden|||
|REGISTERED OFFICE|Arden Road|||
||Halifax|||
||West Yorkshire|||
||HX1 3AA|||
|AUDITOR|Spenser Wilson|Ltd||
||Chartered
Accountants &statutory||auditor|
||Equitable
House|||
||55 Pelion Lane|||
||Halifax|||
||West Yorkshire|||
||HX1 5SP|||
|BANKERS|Barclays Bank Plc
P0Box 14|||
||Halifax|||
||West Yorkshire|||
||HX1 IBG|||
|SOLICITORS|Wilkinson
Woodward|||
||11 Fountain Street|||
||Halifax|||
||West Yorkshire|||
||HX1 1LU|||
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||||2021|2020|
|---|---|---|---|---|
|||Note|||
|TURNOVER||4|101,394|109,776|
|GROSS PROFIT|||101,394|109,776|
|Operating
expenditure|||113,730|137,550|
|Other operating
income||5|14,658|13,614|
|OPERATING PROFIT/(LOSS)||6|2,322|(14,160)|
|Gain/(loss)
on financial assets at|fair value through profit or loss||15,076|(1,207)|
|DEFICIT FOR THE FINANCIAL YEAR|||17@98|(15,367)|
|Tax on profit/(loss)|||||
|PROFIT/(LOSS) FORTHE FINANCIAL YEARAND TOTAL|||||
|COMPREHENSIVE INCOME|||17,398|(15,367)|
|RETAINED EARNINGS AT THK START OFTHK YEAR|||247,376|262,743|
|RETAINED EARNINGS AT THK END OFTHK YEAR|||264,774|247,376|
|All the activities ofthe company|are from continuing
operations.||||
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||||||2021|||2020||
|---|---|---|---|---|---|---|---|---|---|
||||Note|||||||
|FIXEDASSETS||||||||||
|Tangible assets|||10|||518,844|||525,865|
|CURRENT ASSETS||||||||||
|Debtors|||11|632|||4,211|||
|Investments|||12|218,927|||201,392|||
|Cash at bank and in hand||||105,012|||63,679|||
|||||324,571|||269,282|||
|CRKDITORSi amounts||falling due||||||||
|within one year|||13|68,190|||31,074|||
|NKT CURRENT ASSETS||||||256,381|||238,208|
|TOTAL ASSETSLESS||CURRENT||||||||
|LIABILITIES||||||775&225|||764,073|
|CREDITORS: amounts||falling due|after|||||||
|more than one year||||||||||
|Accruals and deferred|income|||||449,571|||455,817|
|NET ASSETS||||||325,654|||308,256|
|CAPITAL AND RESERVES||||||||||
|Capital reserve||||||60,880|||60,880|
|Revenue reserves||||||264,774|||247,376|
|SHAREHOLDERS FUNDS||||||325,654|||308,256|
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||||2021|2020|
|---|---|---|---|---|
|CASH FLOWS FROM OPERATING ACTIVITIES|||||
|Profit/(loss)
for the financial year|||17,390|(15,367)|
|Adj us/ments for:|||||
|Depreciation oftangible
assets|||7,021|7,021|
|Government
grant income|||(6,246)|(6,246)|
|(Gain)/loss
on financial assets at fair value through||profit or loss|(15,076)|1,207|
|Accrued expenses|||50,239|793|
|Changesin:|||||
|Trade and other debtors|||3,579|(3,570)|
|Trade and other creditors|||(13,123)|10,966|
|Cash generated
from operations|||43,792|(5,196)|
|Net cash from/(used
in) operating|activities||43,792|(5,196)|
|CASH FLOWS FROM INVESTING ACTIVITIES|||||
|Purchases ofother investments|||(2,459)|(2,196)|
|Net cash used in investing
activities|||(2,459)|(2,196)|
|NKT INCREASE/(DECREASE)|IN CASH AND CASH||||
|EQUIVALENTS|||41,333|(7,392)|
|CASH AND CASH EQUIVALENTS AT BEGINNING OFYEAR|||63,679|71,071|
|CASH AND CASH EQUIVALENTS AT KND OFYEAR|||105,012|63,679|
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|PARTICULA|RS OF MAINTENANCE
CONTRIB|UTION||
|---|---|---|---|
|||2021|2020|
|Maintenance|contribution|116,480|114,816|
|Less: Losses|from debts and voids|(15,086)|(5,040)|
|||101,394|109,776|
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|5.|OTHER OP|ERATING INCOME||||
|---|---|---|---|---|---|
|||||2021|2020|
||Government|grant income||6,246|6,246|
||Investment
income|||7,176|6,867|
||Bank interest|receivable||410|474|
||Other income|||826|30|
|||||14,658|13,614|
|6.|OPERATING PROFIT|||||
||Operating
profit or loss is stated after charging:|||||
|||||2021|2020|
|||||g||
||Depreciation|oftangible assets||7,021|7,021|
|7.|AUDITOR'S|RKMUNKRATION||||
|||||2021|2020|
|||||5||
||Fees payable|for the audit ofthe financial|statements|2,500|2,150|
##
|The average
n
amounted
to:|umber ofpersons
emp|loyed
by the charity
during
the year, including
t|he trustees,|
|---|---|---|---|
|||2021|2020|
|||No.|No.|
|||1|1|
|The aggregate|payroll costs incurred|during the year, relating to the above, were:||
|||2021|2020|
|Wages and salaries||10,661|10,478|
|Other pension|costs|131|129|
|||10&792|10,607|
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|10.|TANGIBLE ASSET|S||||
|---|---|---|---|---|---|
||||||Freehold|
||||||property|
||||||5|
||Cost|||||
||At 1July 2020 and 30June 2021||||702,080|
||Depreciation|||||
||At 1 July2020||||176,215|
||Charge for the year||||7,021|
||At 30June 2021||||183,236|
||Carrying
amount|||||
||At 30June 2021||||518,844|
||At 30June 2020||||525,865|
|11.|DEBTORS|||||
|||||2021|2020|
|||||5||
||Trade debtors||||560|
||Prepayments
and accrued income|||632|3,620|
||Other debtors||||31|
|||||632|4,211|
|12.|INVKSTMKNTS|||||
|||||2021|2020|
||NAACIF investment|||56,403|49,436|
||COIF investment|||91,664|79,817|
||Charinco investment|||70,860|72,139|
|||||218,927|201,392|
|13.|CREDITORS: amounts||falling due within one year|||
|||||2021|2020|
||Trade creditors|||5,108|19,117|
||Accruals and deferred|income||62,032|11,793|
||Social security and other||taxes|55|164|
||Other creditors|||995||
|||||68,190|31,074|
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|The amounts|recogni|sed
in the financial
statements
for government|grants are as follo|ws:|
|---|---|---|---|---|
||||2021|2020|
|Recognised|in creditors:||||
|Deferred government||grants due within one year|6,246|6,246|
|Deferred government||grants due after more than one year|449,571|455,817|
||||455,817|462,063|
|Recognised|in other|operating
income:|||
|Government|grants|released to profit or loss|6446|6,246|
##
|ANALYSIS OF CHANGES IN NET D|EBT|||
|---|---|---|---|
||1 Jul 2020|Cash flows|30Jun 2021|
|Cash at bank and in hand|63,679|41,333|105,012|
|Current asset investments|20],392|17,535|218,927|
||265,071|58,868|323,939|
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