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|---|---|---|---|---|
|Report ofthe Trustees||1|to|6|
|Independent
Examiner's
Report|||||
|Statement ofFinancial|Activities||||
|Balance Sheet|||||
|Notes to the Financial|Statements|10|to|15|
|Detailed Statement of|Financial Activities||16||
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|||||||||31.8.20|31.8.19|
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Total|Total|
|||||||funds|fund|funds|funds|
|INCOME|AND ENDOWMENTS||FROM||Notes|||8|f|
|Investment
(Loss)/gain|income
on sale offixed assets||||2|42,161||42,161|18,337|
||||||||||(409)|
|Total||||||42,161||42,161|17,928|
|EXPENDITURE ON||||||||||
|Charitable|activities|||||||||
|Investment
costs
Bursary preparation
costs
Bursaries||||||13,117
51,284
108,234||13,117
51,284
108,234|12,354
55,777
140,461|
|Other||||||||||
|||||||13||13|(160)|
|Total||||||172,648||172,648|208,432|
|Net gains on investments||||||35,876||35,876|66,659|
|NET INCOME/(EXPENDITURE)||||||(94,611)||(94,611)|(123,845)|
|RECONCILIATION
OF FUNDS||||||||||
|Total funds|brought
forward|||||1,656,124||1,656,124|1,779,969|
|TOTAL FUNDS CARRIED FORWARD||||||1,561,513||1,561,513|1,656,124|
|CONTINUING
OPERATIONS||||||||||
|The statement|offinancial|activities|includes|all|gains and|losses recognised|in the year.|||
||||||31.8.20|31.8.19|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|fund|funds|funds|
|FIXEDASSETS||Notes|g||g||
|Investments||10|1,309,308||1,309,308|1,464,847|
|CURRENT ASSETS|||||||
|Cash at bank|||263,417||263,417|210,542|
|CREDITORS|||||||
|Amounts
falling due within|one year|11|(11,212)||(11,212)|(19,265)|
|NET CURRENT ASSETS|||252,205||252,205|191,277|
|TOTAL ASSETSLESSCURRENT|||||||
|LIABILITIES|||1,561,513||1,561,513|1,656,124|
|NET ASSETS|||1,561,513||1,561,513|1,656,124|
|FUNDS||12|||||
|Unrestricted
funds|||||||
||||||1,561,513|1,656,124|
|TOTAL FUNDS|||||||
||||||1,561,513|1,656,124|
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|||||||31.8.20|31.8.19|
|---|---|---|---|---|---|---|---|
||Bank interest received|||||||
||Investment|income||||459|600|
|||||||41,702|17,737|
|||||||42,161|18,337|
|3.|CHARITABLE ACTIVITIES COSTS|||||||
|||||Investment|Bursaries|Bursary|31.08.2020|
|||||Costs|Awarded|Preparation||
|||||||Costs||
||Direct|||||||
||Support (see note 9)
Governance
(see note 9)
Investment
costs
Total|||13,117
13 117|108,234
~108 2 4|9,163
42,121
51 284|108,234
9,163
42,121
13,117
~172
35|
||OTHER|||||||
|||||||31.8.20|31.8.19|
||Interest payable
and similar charges
Extraordinary
Item - Closure ofSchool|||||13||
||||||||(160)|
|||||||13|(160)|
|.|NET INCOME/(EXPENDITURE)|||||||
||Net income/(expenditure)||is stated after charging/(crediting);|||||
|||||||31.8.20|31.8.19|
||Deficit on disposal offixed assets||||||8|
||||||||409|
||TRUSTEES'|REMUNERATION||AND BENEFITS||||
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|||Notes to the Financial|Notes to the Financial|Notes to the Financial|Statements|Statements|- continued|- continued|- continued|||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||for the Year Ended 31Au|||ust||202||||
|COMPARATIVES|FOR THE||STATEMENT OF FINANCIAL ACTIVITIES|||||||||
|||||||||Unrestricted||Restricted|Total|
||||||||||funds|fund|funds|
|INCOME AND ENDOWMENTS
FROM||||||||||||
|Investment
income
(Loss)/gain
on sale offixed assets|||||||||18,337
(409)||18,337
(409)|
|Total||||||||||||
||||||||||17,928||17,928|
|EXPENDITURE ON||||||||||||
|Charitable
activities||||||||||||
|Investment
costs||||||||||||
|Bursary preparation
Bursaries|costs||||||||12,354
55,777||12,354
55,777|
|||||||||140,461|||140,461|
|Other||||||||||||
||||||||||(160)||(160)|
|Total||||||||||||
|||||||||208,432|||208,432|
|Net gains on investments|||||||||66,659||66,659|
|NET INCOME/(EXPENDITURE)||||||||(123,845)|||(123,845)|
|RECONCILIATION|OF FUNDS|||||||||||
|Total funds brought|forward|||||||1,779,969|||1,779,969|
|TOTAL FUNDS CARRIED||FORWARD||||||1,656,124|||1,656,124|
|EXTRAORDINARY|ITEMS -CLOSURE|||OF SCHOOL||||||||
|Included
within
other
(f160)).|costs are Extraordinary|||items|in relation||to the||closure of the|school of|anil (2019|
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|Computer|and Sottware|and Sottware||||2020|2019|
|---|---|---|---|---|---|---|---|
|Website||||||6566|f553|
|Other||||||6387|f515|
|Insurance||||||8512|61,174|
|Offices services and supplies||||||62,290
65408|62,290
f4 811|
|||||||I 3|8~9343|
|Governance||costs||||||
|Independent||Examiner fee||||2020|2019|
|Legal and Consultancy
fees
Bookeeping
and professional||||fees||81,200
f34,759
g6 162|81,200
835,864
~937|
|||||||8~42 121|8~46 434|
|FIXEDASSETINVKSTMKNTS||||||||
|||||||Cash and||
||||||Listed|settlements||
||||||investments|pending|Totals|
|MARKET|VALUE|||||||
|At I September 2019
Additions|||||1,459,699|5,148|1,464,847|
|Disposals||||||248,703|248,703|
|Revaluations|||||(207,001)
35,876|(233,117)|(440,118)
35,876|
|At 31 August||2020|||1,288,574|20,734|1,309,308|
|NKT BOOK||VALUE||||||
|At 31 August||2020|||1,288,574|20,734|1,309,308|
|At 31 August||2019|||1,459,699|5,148|1,464,847|
|There were no||investment|assets outside the UK.|||||
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|CREDITORS: AMO|UNTS FALLING DUE|WITHIN ONE YEAR|||
|---|---|---|---|---|
||||31.8.20|31.8.19|
|Accounts Payable
Other creditors
Accruals
and deferred|income||4,751
1,46]
5,000|12,804
1,461
5,000|
||||11,212|19,265|
|MOVEMENT IN FUNDS|||||
||||Net||
||||movement|At|
|||At 1.9.19|in funds|31.8.20|
|Unrestricted
funds|||||
|General
fund||1,656,124|(94,611)|1,561,513|
|TOTAL FUNDS||1,656,124|(94,611)|1,561,513|
##
|||||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|---|---|---|
|||||||resources|expended|losses|in funds|
||||||||f.|||
|Unrestricted||funds||||||||
|General|fund|||||42,161|(172,648)|35,876|(94,611)|
|TOTAL|FUNDS|||||42,161|(172,648)|35,876|(94,611)|
|Comparatives||for|movement|in|funds|||||
|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1.9.18
f|in funds|31.8.19|
|Unrestricted||funds||||
|General|fund||1,779,969|(123,845)|1,656,124|
|TOTAL|FUNDS||1,779,969|(123,845)|1,656,124|
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||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
|Unrestricted||funds|||||
|General|fund||17,928|(208,432)|66,659|(123,845)|
|TOTAL|FUNDS||17,928|(208,432)|66,659|(123,845)|
|Unrestricted|Unrestricted|funds|
|---|---|---|
|General|fund||
|TOTAL|FUNDS||
||Net||
|---|---|---|
||movement|At|
|At 1.9.18|in funds|31.8.20|
|1,779,969|(218,456)|1,561,513|
|1,779,969|(218,456)|1,561,513|
||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
|Unrestricted||funds|||||
|General|fund||60,089|(381,080)|102,535|(218,456)|
|TOTAL|FUNDS||60,089|(381,080)|102,535|(218,456)|
##
##
|||Detailed|tatement ofFinancial Activities|tatement ofFinancial Activities|||
|---|---|---|---|---|---|---|
|||for the|Year Ended 31Au|ust 2020|||
||||||31.8.20|31.8.19|
|INCOME AND ENDOWMENTS|||||||
|Investinent
income|||||||
|Bank interest received
Investment
income|||||459|600|
||||||41,702|17,737|
||||||42,161|18,337|
|(Loss)/gain
on sale|offixed assets||||||
|(Loss)/gain
on sale|offixed assets||||||
|||||||(409)|
|Total incoming
resources|||||42,161|17,928|
|EXPENDITURE|||||||
|Charitable
activities|||||||
|Bursary preparation
Bursary preparation
Bursaries|costs - Support costs
costs - Governance
costs||||9,163
42,121|9,343
46,434|
|Investment
costs|||||108,234|140,461|
||||||13,117|12,354|
||||||172,635|208,592|
|Other|||||||
|Finance costs|||||||
|Extraordinary
Item -|Closure ofSchool||||13||
|||||||(160)|
||||||13|(160)|
|Total resources expended|||||172,648|208,432|
|Net expenditure
before gains and losses|||||(130,487)|(190,504)|
|Realised recognised|gains and losses||||||
|Realised gains/losses|on investments||||35,876|66,659|
|Net expenditure|||||(94,611)|(123,845)|