||||Page||
|---|---|---|---|---|
|Trustees' Report||1|to|2|
|Independent<br>Examiner's|Report||||
|Statement ofFinancial|Activities||||
|Balance Sheet|||||
|Notes to the Financial Statements||6|to|12|
|Detailed Statement ofFinancial Activities|||13||





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|Statement ofFinancial <br>for the Year Ended 31|Activities<br>Au<br>st 2020||||||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||Unrestricted|Restricted|Total|Total|
||||fund|fund|funds|funds|
|||Notes|||||
|INCOME AND ENDOWMENTS FROM|||||||
|Donations<br>and legacies||2|146,381||146,381|58,173|
|Investment<br>income||3|185||185|316|
|Total|||146,566||146,566|58,489|
|EXPENDITURE ON|||||||
|Raising funds|||72,710||72,710|56,836|
|Charitable<br>activities|||||||
|Governance<br>Costs|||314,247||314,247|2,382|
|Direct charitable<br>activity|||||||
||||105,000||105,000|317,800|
|Total|||491,957||491,957|377,018|
|NET INCOME/(EXPENDITURE)|||(345,391)||(345,391)|(318,529)|
|RECONCILIATION|OFFUNDS||||||
|Total funds brought forward|||682,161||682,161|1,000,690|
|TOTAL FUNDS CARRIED FORWARD|||336,770||336,770|682,161|





|||||2020|2019|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
||Notes|||||
|FIXEDASSETS||||||
|Investments|11|163,499||163,499|234,658|
|CURRENT ASSETS||||||
|Cash at bank||175,271||175,271|449,253|
|CREDITORS||||||
|Amounts<br>falling due within one year|12|(2,000)||(2,000)|(1,750)|
|NET CURRENT ASSETS||173,271||173,271|447,503|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||336,770||336,770|682,161|
|NET ASSETS||336,770||336,770|682,161|
|FUNDS|13|||||
|Unrestricted<br>funds||||336,770|682,161|
|TOTAL FUNDS||||336,770|682,161|





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||||2020|2019|
|---|---|---|---|---|
||Gifts||146,318|58,173|
||Gift aid||63||
||||146,381|58,173|
|3.|INVESTMENT INCOME||||
||||2020|2019|
||Deposit account interest||185|316|
|4.|RAISING FUNDS||||
||Raising donations|and legacies|||
||||2020|2019|
||Trustees' expenses|||991|
||Learning materials|&exams|71,901|25,774|
||Schoolwear||459|29,428|
||Postage and stationery|||202|
||Sundries||232|243|
||Interest payable and similar charges||118|198|
||||72,710|56,836|



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|CHARITA|BLE|ACTIVITIES COSTS||||
|---|---|---|---|---|---|
||||Grant|||
||||funding of|||
||||activities|Support||
||||(see note|costs (see||
||||6)|note 7)|Totals|
|Governance|Costs|||314,247|314,247|
|Direct charitable||activity||||
||||105,000||105,000|
||||105,000|314,247|419,247|





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|Trustees'|expenses|||
|---|---|---|---|
|||2020|2019|
|Trustees'|expenses||991|



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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||fund|fund|funds|
|INCOME|AND ENDOWMENTS FROM||||
|Donations|and legacies|58,173||58,173|
|Investment|income|316||316|
|Total||58,489||58,489|
|EXPENDITURE ON|||||
|Raising funds||56,836||56,836|
|Charitable|activities||||
|Governance|Costs|2,382||2,382|
|Direct charitable<br>activity|||||
|||317,800||317,800|
|Total||377,018||377,018|





|for th|e Year Ended 31Au<br>st 2020|e Year Ended 31Au<br>st 2020|e Year Ended 31Au<br>st 2020|e Year Ended 31Au<br>st 2020||
|---|---|---|---|---|---|
|9.|COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES-|||||
||continued|||||
||||Unrestricted|Restricted|Total|
||||fund|fund|funds|
||NKT INCOME/(EXPENDITURE)||(318,529)||(318,529)|
||RECONCILIATION|OFFUNDS||||
||Total funds brought|forward|1,000,690||1,000,690|
||TOTAL FUNDS CARRIED|||||
||FORWARD||682,161||682,161|
|10.|TANGIBLE FIXED|ASSETS||||
||||||Computer|
||||||equipment|
||COST|||||
||At 1 September 2019|and||||
||31August 2020||||8,246|
||DEPRECIATION|||||
||At 1 September 2019and|||||
||31August 2020||||8,246|
||NKT BOOKVALUE|||||
||At 31August 2020|||||
||At 31August 2019|||||
|11.|FIXEDASSETINVESTMENTS|||||
|||||2020|2019|
||LEITInvestment|||163,499|234,658|
||This investment<br>is located in Cyprus.|||||





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||Investments<br>(|neither listed nor unlisted)<br>we|re as follows:|||
|---|---|---|---|---|---|
|||||2020|2019|
||Logos Ed Institute Ltd|||475,418|234,658|
||Impairment|||~311,919)||
|||||163,499|234,658|
|12.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
|||||2020|2019|
||Other creditors|||2,000|1,750|
|13.|MOVEMENT IN FUNDS|||||
|||||Net||
|||||movement|At|
||||At 1/9/19|in funds|31/8/20|
||Unrestricted|funds||||
||General fund||682,161|(345,391)|336,770|
||TOTAL FUNDS||682,161|~345,391)|336,770|



|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||146,566|(491,957)|(345,391)|
|TOTAL FUNDS||146,566|~491,957)|~345,391)|





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||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1/9/18|in funds|31/8/19|
|||||f,|
|Unrestricted|funds||||
|General fund||1,000,690|(318,529)|682,161|
|TOTAL FUNDS||1,000,690|~318,529|682,161|



|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||58,489|(377,018)|(318,529)|
|TOTAL FUNDS||58,489|~377,018)|~318,529)|



||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1/9/18|in funds|31/8/20|
|Unrestricted|funds||||
|General fund||1,000,690|(663,920)|336,770|
|TOTAL FUNDS||1,000,690|~663,920)|336,770|



|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|infunds|
|Unrestricted|funds||||
|General fund||205,055|(868,975)|(663,920)|
|TOTAL FUNDS||205,055|(868,975)|~663,920)|





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|Detailed Statement|ofFinancial|ofFinancial|Activities|||
|---|---|---|---|---|---|
|for the Year Ended|31Au|st 2020||||
|||||2020|2019|
|INCOME AND ENDOWMENTS||||||
|Donations<br>and legacies||||||
|Gifts||||146,318|58,173|
|Gift aid||||63||
|||||146,381|58,173|
|Investment<br>income||||||
|Deposit account interest||||185|316|
|Total incoming resources||||146,566|58,489|
|EXPENDITURE||||||
|Raising donations|and legacies|||||
|Trustees' expenses|||||991|
|Learning materials &exams||||71,901|25,774|
|Schoolwear||||459|29,428|
|Postage and stationery|||||202|
|Sundries||||232|243|
|Bank interest||||118|198|
|||||72,710|56,836|
|Charitable<br>activities||||||
|Donations||||105,000|317,800|
|Support costs||||||
|Governance<br>costs||||||
|Accountancy<br>and legal fees||||2,328|2,382|
|Impairment<br>losses|for intangible||fixed|||
|assets||||311,919||
|||||314,247|2,382|
|Total resources expended||||491,957|377,018|
|Net expenditure||||345,391|318,529|