2023-07-31-accounts

		Page
Report ofthe Trustees	1	to	7
Report ofthe Independent Auditors	8	to	10
Statemeat ofFinancial Activities
Balance Sheet		12
Cash Flow Statement		13
Notes to the Cash Flow Statement		14
Notes to the Financial Statements	15	to	23
Detailed Statement ofFinancial Activities	24	to	25

		For	The Year	Ended 31July 2	023
						31.7.23	31.7.22
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes		f
INCOME	AND ENDOWMENTS FROM
Donations	and legacies		2	12,670		12,670	9,580
Charitable	activities
School fees				1,609,580		1,609,580	1,553,891
Investment	income		3	10,813		10,813	1,154
Total				1,633,063		1,633,063	1,564,625
EXPENDITURE ON
Charitable	activities
School expenditure				1,569,141	510	1,569,651	1,455,467
NET INCOME/(EXPENDITURE)				63,922	(510)	63,412	109,158
RECONCILIATION		OF FUNDS
Total funds	brought forward			931,879	930	932,809	823,651
TOTAL FUNDS CARRIED FORWARD				995,801	420	996,221	932,809

				31.7.23	31.7.22
		Uiuestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Nates	8		f.	f.
FIXEDASSETS
Tangible assets	12	156,088	266	156,354	200,020
CURRFNT ASSETS
Stacks	13	3,000		3,000	3,000
Debtors	14	95,875		95,875	272,625
Cash at batik and in band		895,825	154	895,979	755,420
		994,700	154	994,854	1,031,045
CREDITORS
Amounts falling due within one year	15	(154,987)		(154,987)	(298,256)
NKT CURRENT ASSETS		839,713	154	839,867	732,789
TOTAL ASSETSLESSCURRENT
LIABILITIES		995,801	420	996,221	932,809
NKT ASSETS		995,801	420	996,221	932,809
FUNDS	16
Unresulcted funds				995,801	931,879
Restricted funds				420	930
TOTAL IrUNDS				996,221	932,809

		ForThe Year Ende	d 31July 2023
			31.7.23	31.7.22
		Notes
Cash ilows from operating	activides
Cash generated from operations			134,685	181,368
Net cash provided by operating activities			134,685	181,368
Cash ilows from investing	activities
Purchase oftangible fixed assets			(4,939)	(58,881)
Interest received			10,813	1,154
Net cash provided by/(used	in) investing	activities	5,874	(57,727)
Change in cash and cash equivalents		in
the reportiag period			140,559	123,641
Cash and cash equivalents	at the
beginniag ofthe reporting	period		755,420	631,779
Cash and cash equivalents	at tbe end	of
the reporting period			895,979	755,420

		Notes to tbe Cash Flow Statement ForThe Year Kaded 31July 2023	Notes to tbe Cash Flow Statement ForThe Year Kaded 31July 2023	Notes to tbe Cash Flow Statement ForThe Year Kaded 31July 2023	Notes to tbe Cash Flow Statement ForThe Year Kaded 31July 2023
RECONCILIATION		OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
				31.7.23	31.7.22
Net income for the	reporting		period (as per the Statement of
Financial Activities)				63,412	109,158
Adjustments for:
Depreciation charges				48,605	61,183
Interest received				(10,813)	(1,154)
Decrease/(increase)	in	debtors		176,750	(242,556)
(Decrease)/increase	in	creditors		(143,269)	254,737
Net cash provided	by	operations		134,685	181,368

ANALYSIS OFCHANGES IN NKT FUND	S
	At 1.8.22	Cash flow	At31.7.23
Net cash
Cash at bank and in hand	755,420	140,559	895,979
	755,420	140,559	895,979
Total	755,420	140,559	895,979

					31.7.23	31.7.22
			Unrestncted	Restricted	Total	Total
			funds	funds	funds	funds
			6
	Deposit account interest		10,813		10,813	1,154
4.	INCOME FROM CHARITABLE ACTIVITIES
					31.7.23	31.7.22
			Activity
	School Fees	and Reimbursed
	charges		School fees		1,609,580	1,553,891
5.	CHARITABLE ACTIVITIES		COSTS
				Direct	Support
				Costs (see	costs (see
				note 6)	note 7)	Totals
	School expenditure			1,266,623	303,028	1,569,651
6.	DIRECT COSTSOFCHARITABLE ACTIVITIES
					31.7.23	31.7.22
	Staffcosts				1,103,794	1,032,903
	Educational	supplies			20,775	17,304
	School Trips				23,698	15,294
	Daily travel costofpupils				25,441	26,488
	Other overheads				13,899	10,588
	Bursary Awarded				15,781	18,429
	Compensation	-loss ofoffice			20,000
	Depreciation				43,235	55,065
					1,266,623	1,176,071
7.	SUPPORT COSTS
				Overhead	Governance
				costs	costs	Totals
	School expenditure			132,095	170,933	303,028

Overhead costs
		31.7.23	31.7.22
		School	Total
		expenditure	activities
Rents, Rates and Insurance		20,737	19,843
Light and heat		12,477	18,882
Telephone		4,333	3,487
Repairs and Renewals		37,452	41,030
Computer Expenses		28,567	28,543
Other Expenses		28,529	17,940
		132,095	129,725
Governance costs
		31.7.23	31.7.22
		School	Total
		expenditure	activities
Wages		110,298	103,866
Social security		9,733	8,425
Pensions		2,476	2,476
Auditors' remuneration		7,800	7,500
Rents, Rates and Insurance		2,599	2,205
Light and Heat		1,386	4,030
Telephone		481	387
Repairs and Renewals		4,161	4,559
Computer Expenses		3,174	3,172
Other Expenses		3,170	1,993
Accountancy and legal fees		20,285	4,940
Depreciation oftangible lixed assets		5,370	6,118
		170,933	149,671
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated aller charging/(crediting):
		31.7.23	31.7.22
Auditors' remuneration		7,800	7,500
Depreciation - owned assets		48,605	61,182

STAFFCOS	TS
		31.7.23	31.7.22
Wages and salaries		1,102,979	1,038,661
Social security	costs	97,238	84251
Other pension	costs	25,994	24,758
Compensation	for loss ofoffice	20,000
		1,246,301	1,147,670

The ave	ra	ge monthly number ofemployees during the yea	r was as follows:
			31.7.23	31.7.22
Teachers		(Full and Part Time)	37	37
Admin	dr	Bursary Staff	8	7
Trustees			6	6
			51	50

The num	b	er ofemployees whose employee benefits	(excluding employer pension costs) exceeded	660,000wa
			31.7.23	31.7.22
860,001	-	670,000		1
670,001	-	$80,000

	ForThe Year	ForThe Year	ForThe Year	Ended 31July 2	023
11.	COMPARATIVES FORTHK STATEMENT			OF FINANCIAL	ACTIVITIES
					Unrestricted	Restricted	Total
					funds	funds	funds
						f.	f,
	INCOME AND ENDOWMENTS		FROM
	Donations and legacies				9,580		9,580
	Charitable activities
	School fees				1,553,891		1,553,891
	Investment income				1,154		1,154
	Total				1,564,625		1,564,625
	EXPENDITURE ON
	Charitable activities
	School expenditure				1,454,957	510	1,455,467
	NET INCOME/(EXPENDITURE)				109,668	(510)	109,158
	RECONCILIATION	OF FUNDS
	Total funds brought forward				822,211	1,440	823,651
	TOTAL FUNDS CARRIED FORWARD				931,879	930	932,809
12.	TANGIBLE FIXEDASSETS
			Freehold	Equipment	Motor	Computer
			property	&furniture	vehicles	equipment	Totals
				8
	COST
	At 1 August 2022		873,014	154,706	9,000	163,995	1,200,715
	Additions					4,939	4,939
	At 31July 2023		873,014	154,706	9,000	168,934	1,205,654
	DEPRECIATION
	At 1 August 2022		749,758	100,846	4,500	145,591	1,000,695
	Charge for year		19,488	13,464	2,250	13,403	48,605
	At 31July 2023		769,246	114,310	6,750	158,994	1,049,300
	NET BOOKVALUE
	At 31 July 2023		103,768	40,396	2,250	9,940	156,354
	At 31July 2022		123,256	53,860	4,500	18,404	200,020

13.	STOCKS
				31.7.23	31.7.22
	Stocks			3,000	3,000
14.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
				31.7.23	31.7.22
	Trade debtors			75,140	252,228
	Prepayments			20,735	20,397
				95,875	272,625
15.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONK YEAR
				31.7.23	31.7.22
					f
	Trade creditors			21,842	28,325
	Social security and other taxes			30,762	28,901
	Other creditors			14,032	6,504
	Deferred income			62,400	204,170
	Accrued expenses			25,951	30,356
				154,987	298,256
16.	MOVEMKNT IN FUNDS
				Net
				movement	At
		At	1.8.22	in funds	31.7.23
	Uarestricted funds
	General fund	906,879		63,922	970,801
	Designated funds	25,000			25,000
		931,879		63,922	995,801
	Restricted funds
	Playground equipment		244	(244)
	Sundry Items		154		154
	Other Equipment		532	(266)	266
			930	(510)	420
	TOTAL FUNDS	932,809		63,412	996,221

Net movement in funds, includ	ed in the above are as f	ollows:
		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds
General fund		1,617,282	(1,553,360)	63,922
Designated funds		15,781	(15,781)
		1,633,063	(1,569,141)	63,922
Restricted funds
Playground equipment			(244)	(244)
Other Equipment			(266)	(266)
			(510)	(510)
TOTAL FUNDS		1,633,063	(1,569,651)	63,412
Comparatives for movement	in funds
			Net
			movement	At
		At 1.8.21	in funds	31.7.22
			f,
Unrestricted fuads
General fund		797,211	109,668	906,879
Designated funds		25,000		25,000
		822,211	109,668	931,879
Restricted fuads
Playground equipment Sundry Items Other Equipment		488 154 798	(244) (266)	244 154 532
		1,440	(510)	930
TOTAL FUNDS		823,651	109,158	932,809

Comparative		net movement	in funds, included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
Uarestricted		funds
General fund				1,546,196	(1,436,528)	109,668
Designated		funds		18,429	(18,429)
				1,564,625	(1,454,957)	109,668
Restricted	funds
Playground		equipment			(244)	(244)
Other Equipment					(266)	(266)
					(510)	(510)
TOTAL FUNDS				1,564,625	(1,455,467)	109,158