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|CONTENTS:||||
|---|---|---|---|
||||PAGE:|
|Directors Report|||1-9|
|Independent
Examiners Report|||10|
|Statement ofFinancial Activities||||
|Balance Sheet|||12|
|Statement ofCash Flows|||13|
|Notes to the Financial
Statements|||14-20|
|The following
pages do not form|part ofthe Statutory|Financial Statements:||
|Detailed Income and Expenditure|Accounts||21-22|
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|Cash||2021|2020|
|---|---|---|---|
|Various accounts shown in note 15ofthe financial|statements|8174,307|Z171,974|
|~Euities||Market|Market|
|||Value|Value|
|||2021|2020|
|British Land Company Plc|8,581 shares valued at|845,557|830,789|
|Henderson
Far East Income Ltd|25,295 shares valued at|875,885|876,644|
|Keystone
Investments
Trust Pic|31,130 shares valued at|f.111,445|880,004|
|Shires Income Pic|20,106 shares valued at|855,794|843,529|
|Henderson
High Income Trust Pic|39,373 shares valued at|f69,985|$52,169|
|F&C Investment
Trust Pic|8,447 shares valued at|f75,432|f39,995|
|Total value||8434,098|8323,130|
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|The directors, who|The directors, who|are also|members of|the Management|Committee,|Committee,|who were in office during the year|who were in office during the year|were as follows:|
|---|---|---|---|---|---|---|---|---|---|
|LTuohy||||N Vaisset|(resigned|12/11/20)||J Sweeney (appointed|12/11/20)|
|SPiotrowski||||H Beckett||||J Rebling (appointed|12/11/20)|
|I Sims Williams|(resigned||12/11/20)|H Greene||||A Masefield (appointed
12/11/20)||
|IFreeman (resigned||12/11/20)||SRichey||||EKirk (appointed
(12/11/20)||
|RHumphrey||||T Saigol||||||
|SGold||||A Walter||||||
|W Kelly||||LZhukovskaya||||||
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||||Note|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||||Funds|Funds|2021|Funds|Funds|2020|
|INCOME FROM:||||||||||
|Grants and donations||||3995|700|4695|83309|300|83609|
|Charitable
income||||622359||622359|494591||494591|
|Investment
income||||19300||19301|19346||19352|
|||||645654|701|646355|597246|306|597552|
|EXPENDITURE||ON:||||||||
|Investment
fees||||186||186|163||163|
|Raising funds|||||||1237||1237|
|Charitable
activities||||637890|3200|641090|592201|3200|595401|
|||||638076|3200|641276|593601|3200|596801|
|Net income before||gains on||||||||
|investments|||10|7578|(2499)|5079|3645|(2894)|751|
|Net gains/(losses)|on investment||12|||||||
|assets||||90000||90000|(73417)||(73417)|
|Net movement
before transfers||||97578|(2499)|95079|(69772)|(2894)|(72666)|
|Transfers
between||funds|||||2110|(2110)||
|Net movement
in funds||||97578|(2499)|95079|(67662)|(5004)|(72666)|
|Reconciliation
of|funds|||||||||
|Total funds brought||forward||462218|21268|483486|529880|26272|556152|
|Total funds carried||forward||559796|18769|578565|462218|21268|483486|
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|||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||||Funds|Funds|
|||||||||2021|2020|
||||||||Note|||
|Cash Flows from Operating||Activities:||||||||
|Net cash provided
by/(used|in) operating|||activities|||23|7099|(26576)|
|Cash Flows from Investing||Activities||||||||
|Dividends
and Interest Irom||Investments||||||19301|19352|
|Investment/dealing
costs||||||||(186)|(163)|
|Purchase ofFixed Assets||||||||(2913)|(2110)|
|Purchase ofInvestments||||||||(20968)|(13465)|
|Net Cash Provided
by Investing|||Activities|||||(4766)|3614|
|Change
in cash and cash equivalents
in the reporting|||||period|||2333|(22962)|
|Cash and cash equivalents|at|the|beginning|ofthe reporting||period||171974|194936|
|Cash and cash equivalents|at|the|end ofthe reporting||period|||174307|171974|
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||||||
|---|---|---|---|---|
|GRANTS AND DON|ATIONS|Unrestricted|Restricted|Total|
|||Funds|Funds|2021|
|||6|6||
|CURRENT YEAR|||||
|Grants - CCC - Graduate Leader Fund||1650||1650|
|-CCC -SEND|Bursary||||
|- Job Retention|Scheme grant|523||523|
|Donations||1822|700|2522|
|||3995|700|4695|
|||Unrestricted|Restricted|Total|
|||Funds|Funds|2020|
|||6|||
|PRIOR YEAR|||||
|Grants - CCC - Graduate Leader Fund||1900||1900|
|- CCC - SEND|Bursary|500||500|
|-Job Retention|Scheme grant|79339||79339|
|Donations||1570|300|1870|
|||83309|300|83609|
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|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||Funds|Funds|2021|Funds|Funds|2020|
||||||||||f|
||Nursery School fees|||364823||364823|317953||317953|
||Day Nwsety School fees|||257507||257507|175505||175505|
||Fundraising|||29||29|1101||1101|
||Commission
received||||||32||32|
|||||622359||622359|494591||494591|
|5.|INVESTMENT INCOME|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||||Funds|Funds|2021|Funds|Funds|2020|
||Bank interest received|||16|1|17||6|6|
||Dividends
received|||19284||19284|17753||17753|
||Fixed term deposits||||||1593||1593|
|||||19300||19301|19346|6|19352|
||EXPENDITURE ON RAISING FUNDS|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||||Funds|Funds|2021|Funds|Funds|2020|
|||||||f.|6|||
||Fundraising
expenses||||||1237||1237|
||ANALYIS OF CHARITABLE ACTIVITIES|||Direct|Support||Direct|Support||
|||||Costs|Costs|Total|Costs|Costs|Total|
|||||(Note 8)|(Note 9)|2021|(Note 8)|(Note 9)|2020|
||Charitable
activities|||534820|106270|641090|485169|110232|595401|
|8.|DIRECT COSTS|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||||Funds|Funds|2021|Funds|Funds|2020|
||Salaries, national
insurance|and|pension (Note 11)|521225||521225|474519||474519|
||Toys and snacks|||12865||12865|9691||9691|
||Trips and activities|||730||730|959||959|
|||||534820||534820|485169||485169|
|9.|SUPPORT COSTS|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||||Funds|Funds|2021|Funds|Funds|2020|
||||||||||8|
||Rent, rates and insurance|||56207||56207|57286||57286|
||Light, heat and telephone|||6740||6740|6311||6311|
||Repairs and renewals|||6701||6701|14098||14098|
||Household
and cleaning|||10300||10300|8082||8082|
||Administration,
staff training||and welfare|15016||15016|14657||14657|
||Bank charges|||320||320|420||420|
||Sundry expenses|||1292||1292|751||751|
||Legal fees|||720||720||||
||Depreciation|||3342|3200|6542|3123|3200|6323|
||Governance
costs|||||||||
||Independent
examiners|fee||2432||2432|2304||2304|
|||||103070|3200|106270|107032|3200|110232|
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|||||||
|---|---|---|---|---|---|
|NKT INCOME FOR THK YEAR||||2021|2020|
|This is stated after charging:||||||
|Independent
Examination
fee||||2432|2304|
|Depreciation offixed assets owned by the company||||6542|6323|
|Operating
lease rentals||||48478|48478|
|STAFF COSTS AND DIRECTORS REMUNERATION||||||
|The total staff costs for the year were:||||2021|2020|
||||||8|
|Wages and salaries||||457579|420354|
|Employers
National
Insurance||||35463|30644|
|Employers
pension contributions||||28183|23521|
|||||521225|474519|
|The average monthly
number ofemployees,|including|directors,|during the year was as follows:|||
|||||2021|2020|
|Direct charitable work||||20|19|
|Administrative||||2|2|
|||||22|21|
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|13.|TANGIBLE FIXEDASSETS||Leasehold|Furniture &||
|---|---|---|---|---|---|
||CURRENT YEAR||Improvements|Equipment|Total|
||COST|||||
||Balance at 1st September 2020||103726|18529|122255|
||Additions|||2913|2913|
||Balance at 31stAugust 2021||103726|21442|125168|
||DEPRECIATION|||||
||Balance at 1st September 2020||86850|14268|101118|
||Charge for the year||5567|975|6542|
||Balance at 31stAugust 2021||92417|15243|107660|
||NET BOOK VALUE AT 31stAugust 2021||11309|6199|17508|
||NET BOOK VALUE AT 31stAugust 2020||16876|4261|21137|
||TANGIBLE FIXEDASSETS||Leasehold|Furniture &||
||PRIOR YEAR|Improvements||Equipmentf|Total
f.|
||COST|||||
||Balance at 1st September 2019||103726|16419|120145|
||Additions|||2110|2110|
||Balance at 31stAugust 2020||103726|18529|122255|
||DEPRECIATION|||||
||Balance at 1st September 2019||81283|13512|94795|
||Charge for the year||5567|756|6323|
||Balance at 31st August 2020||86850|14268|101118|
||NET BOOK VALUE AT 31stAugust 2020||16876|4261|21137|
||NET BOOK VALUE AT 31stAugust 2019||22443|2907|25350|
|14.|DEBTORS|2021||2020||
|||Due within|Due after|Due within|Due after|
|||one year|one year|one year|one year|
|||6||||
||Trade debtors|438||160||
||Payments
in advance|3484|2000|3477|2000|
||Other debtors|||13542||
|||3922|2000|17179|2000|
|15.|CASH AT BANK AND IN HAND|||2021|2020|
||||||f,|
||Fee account|||106055|125685|
||Current accounts (including
day nursery deposits and monies held in advance|||50683|27527|
||referred to in note 16)|||||
||Bursary account|||12635|11934|
||Petty cash|||161|185|
||IG Income account|||4773|6643|
|||||174307|171974|
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||||
|---|---|---|
|CREDITORS|2021|2020|
||Due within|Due within|
||one year|one year|
|||f.|
|Accruals and deferred income|53270|51934|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|Expiry date:|||Between one to five years|||30155|42633|
|||: In more than five years||||592099|576000|
|||||||622254|618633|
|ANALYSIS|||OF NET ASSETSBETWEEN FUNDS|||Restricted||
||||||Restricted|Day||
|||||Unrestricted|Bursary|Nursery||
|CURRENT|||YEAR|Fund|Fund|Fund|Total|
||||||f.|f.||
|Investments||||434098|||434098|
|Tangible|fixed assets|||11374||6134|17508|
|Net current||assets||114324|12635||126959|
|||||559796|12635|6134|578565|
|||||||Restricted||
||||||Restricted|Day||
|||||Unrestricted|Bursary|Nursery||
|PRIOR|YEAR|||Fund|Fund|Fund|Total|
|Investments||||323130|||323130|
|Tangible|fixed assets|||11803||9334|21137|
|Net current||assets||127285|11934||139219|
|||||462218|11934|9334|483486|
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|21.|STATEMENT OF FUNDS|STATEMENT OF FUNDS|At||Gains/(losses)|Gains/(losses)||At|
|---|---|---|---|---|---|---|---|---|
||CURRENT YEAR||1st Septeinber|||on|31stAugust||
||||2020|Income|Expenditure|Investments|Transfers|2021|
||Restricted funds:||||||||
||Bursary Fund||11934|701||||12635|
||Day Nursery
Fund||9334||(3200)|||6134|
||Total restricted
funds||21268|701|(3200)|||18769|
||Unrestricted
funds:||||||||
||General funds||460888|643932|(636746)|90000||558074|
||Designated - Leavers' fund||1330|1722|(1330)|||1722|
||Total unrestricted|funds|462218|645654|(638076)|90000||559796|
||Total funds||483486|646355|(641276)|90000||578565|
||||At|||||At|
||PRIOR YEAR||1st September|||Losses on|31st|August|
||||2019|Income|Expenditure|Investments|Transfers|2020|
||Restricted
funds:|||f.|f.||||
||Bursary Fund||13738|306|||(2110)|11934|
||Day Nursery
Fund||12534||(3200)|||9334|
||Total restricted
funds||26272|306|(3200)||(2110)|21268|
||Unrestricted
funds:||||||||
||General funds||529880|595916|(593601)|(73417)|2110|460888|
||Designated
-Leavers' fund|||1330||||1330|
||Total unrestricted|funds|529880|597246|(593601)|(73417)|2110|462218|
||Total funds||556152|597552|(596801)|(73417)|-|483486|
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|ACTIVITIES||||2021|2020|
|---|---|---|---|---|---|
|Net income/(expenditure)||for the reporting|period|95079|(72666)|
|Adjusted for:||||||
|Depreciation
charges||||6542|6323|
|Dividends
and Interest|&om investments|||(19301)|(19352)|
|Investment/dealing
costs||||186|163|
|Unrealised
(gain)/loss|in|the year||(90000)|73417|
|(Increase)/decrease
in|debtors|||13257|(8919)|
|(Decrease)/increase
in|creditors|||1336|(5542)|
|||||7099|(26576)|