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2020-12-31-accounts

Page
Information
Board ofTrustees Report
Statement ofThe Board's Responsibilities
Independent
Examiner's		 Report
Statement ofComprehensive
Income
Statement ofFinancial Position
Statement ofCash Flows
Statement ofChanges In Reserves
Notes to the Financial Statements 9-13

Registered Charity Number: Registered Charity Number: 229556
Trustees: RH Lamb (Chairman)
TEShuldham
Mrs JA Kay
Mrs JCalverley
Mrs JShuldham
Clerk to the Trustees: G Day
c/o Jones &Co
Solicitors
5Churchgate
Retford
Notts
DN22 6PB
Independent Examiners: Hepworth
Griffiths
Chartered
Accountants
47/49 Grove Street
Retford
Notts
DN22 6LA
Investment Brokers: Charles Stanley &Co.Limited
70-72 Chertsey Street
Guildford
Surrey
GUI 4HL
Bankers: HSBC Bank pic
Leeming Street
Mansfield
Notts
NGIS ILU

Note 2020 2019
TURNOVER 158,787 153,189
OPERATING EXPENDITURE
Services 37,207 44,053
Management 28,972 30,063
Routine Maintenance 30,918 40,641
Major Repairs Expenditure 12,093 (109,190) 36,619 (151,376)
OPERATING (DEFICIT)/SURPLUS 49,597 1,813
(Loss)/Gain
on Disposal ofFixed Asset Investments		 (25,070) 65,798
Amounts
(Written Off)/Written		 BackTo Fixed
Asset Investments (1,521) 27,362
Interest Receivable
and Similar		 Income 7,124 8,718
Interest Payable (4,407) (6,423)
SURPLUS BEFORETAX 25,723 97,268
Taxation
SURPLUS FORTHE YEAR page 8 f25,723 f97,268
Unrealised
(Deficit)/Surplus
on		 Revaluation ofFixed
Asset Investments 30,915 (31,357)
TOTAL COMPREHENSIVE INCOME FOR THK YEAR f56,638 665,911

Note 2020 2019
FIXEDASSETS
Tangible Fixed Assets 1,938,505 1,918,825
Investments 417,992 423,854
2,356,497 2,342,679
CURRENT ASSETS
Trade and Other Debtors 10 22,471 8,952
Cash and Cash Equivalents ll 295,004 312,367
317,475 321,319
CREDITORS: AMOUNTS FALLING DUE WITHIN
ONE YEAR 12 (55,430) (66,923)
NET CURRENT ASSETS 262,045 254,396
TOTAL ASSETS LESSCURRENT LIABILITIES 2,618,542 2,597,075
CREDITORS: AMOUNTS FALLING DUE AFTER
MORE THAN ONE YEAR 13 ~199499 (54,220)
TOTAL NKT ASSETS 2,599,493 2,542,855
RESERVES
Income and Expenditure Reserve page 8 1,992,1 17 1,963,634
Permanent
Endowment		 Reserve page 8 545,426 548,186
Revaluation
Reserve		 page 8 61,950 31,035
TOTAL RESERVES 2,599,493 2,542,855

Note 2020 2019
NET CASH GENERATED FROM OPERATING ACTIVITIES see below 25,189 43,424
CASH FLOW FROM INVESTING ACTIVITIES
Purchase ofFixed Assets (19,680) (14,I97)
Purchase ofInvestments (206,241) (502,566)
Proceeds from Sale ofInvestments 216,427 794,186
Interest Receivable and Similar Income 7,124 8,718
~(2,370 286,141
CASH FLOW FROM FINANCING ACTIVITIES
Repaynient ofBank Loans (35,775) (35,288)
Interest Payable (4,407) (6,423)
(40,182 (41,711)
NET CHANGE IN CASH AND CASH EQUIVALENTS (17,363) 287,854
CASH AND CASH EQUIVALENTS AT BKGINING OF YEAR 312 67 24,513
CASH AND CASH EQUIVALENTS AT END OF YEAR f295,004 f312367
NKT CASH GENERATED FROM OPERATING ACTIVITIES
Surplus
for the Year		 25,723 97,268
Adjustments
for Non-Cash
Items:
Gain/(Loss)
on Disposal ofFixed Asset Investments		 25,070 (65,798)
Amounts
(Written Back To)/Written
OffFixed
Asset Investments 1,521 (27,362)
(Increase)/Decrease
in Trade and Other Debtors		 (13,519) 17,240
Increase/(Decrease)
in Trade snd Other Creditors		 (10,889) 24,371
Adjustments
for Investing
or Financing Activities.
Interest Receivable and Simi)ar Income (7,124) (8,718)
Interest Payable 4,407 6,423
825,189 43,424

Income and Permanent Revaluation Total
Expenditure Endowment Reserve
Reserve Reserve
Balance at IJanuary 2020 1,963,634 548,186 31,035 2,542,855
Surplus 0'om Statement of
Comprehensive Income 28,483 (2,760) 25,723
Change
tn Year		 30,915 30,915
Balance at 31December 2020 1,992,117 545,426 61,950 2,599,493

4 OPERATING SURPLUS 2020 2019
The operating
surplus
is stated after charging:
Payments
to the Clerk to the Trustees/Management		 Fees K~28 972 %~30063
5 INTEREST RECEIVABLE AND SIMILAR INCOME 2020 2019
Income from listed investments 6,055 8,718
Bank interest I 069
K~7124 f8~718

-3-
INTEREST PAYABLE 2020 2019
Interest on Bank Loans 8~4407 8~6423

-4-
9 FIXEDASSET INVESTMENTS 2020 2019
Market value
At beginning
ofyear		 423,854 653,671
Acquisitions
at cost		 206,241 502,566
Sale Proceeds from disposals (216,427) (794,186)
Profit on Sale and Redemption (25,070) 65,798
Revaluation
Reserve movement
Amounts
(written
ofI)/written		 back in year 30,915
~1521		 (31,357)
27 362
Market Value at end ofyear K~417992 f4~23 854
Historical cost at end ofyear 1. 359 130 6394 336
All investments
are listed UK securities.
10 DEBTORS:amounts
falling due within		 one year: 2020 2019
Accrued Investment
Income
Prepaid Expenditure
Other Debtors —Cash at Stockbrokers		 6,880
14,432		 7,793
Income Tax Repayable I 159 I 159
11 CASH AND CASH E
UIVALENTS		 2020 2019
Bank Accounts 295,004 312,367
Cash in Hand
k~295 004 5~312367
12 CREDITORS: amounts
falling due within one year:		 2020 2019
Bank Loans (secured) 33,876 34,480
Trade Creditors 17,409 27,857
Other Creditors 4 145 4 586
K~55 430 K~66 923

-5-
13 CREDITORS: amounts falling due after more than one year: 2020 2019
BankLoans(secured) X~19049 6~54 220
ank Loans are secured by specific charges on hou
ates ofinterest in instalments
due as follows:-		 sing properties
and are repayable
at		 varying
2020 2019
In one year or less 33,876 34,480
Between one and two years 200 38,500
Between two and five years 210 190
In five years or more 18639 15530
f~52 925