|||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|
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|||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|
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||||||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|
##
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|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|
##