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2022-08-31-accounts

Page
Report ofthe Trustees 1 to 2
Independent
Examiner's Report
Statement ofFinancial Activities
Balance Sheet 5 to 6
Notes to the Financial Statements 7 to 11

2022 2021
Unrestricted Restricted Total Total
fund fund funds funds
Notes
INCOME AND ENDOWMENTS FROM
Investment income 2 88,530 88,530 76,018
EXPENDITURE ON
Investment income costs 19,270 19,270 22,570
Charitable activities
Bursaries 49,541 49,541 55,561
Governance 3,485 3,485 2,788
Management 10,893 10,893 9,590
Total 83,189 83,189 90,509
Net gains/(losses) on investments (280,800) (280,800) 382,361
NET INCOME/(EXPENDITURE) (275,459) (275,459) 367,870
RECONCILIATION OF FUNDS
Total funds brought forward 3,304,849 3,304,849 2,936,979
TOTAL FUNDS CARRIED FORWARD 3,029,390 3,029,390 3,304,849

2022 2021
Unrestricted Restricted Total Total
fund fund funds funds
Notes
FIXEDASSETS
Investments
Investments 6 2,269,073 2,269,073 2,560,572
Investment
property		 7 700,000 700,000 700,000
2,969,073 2,969,073 3,260,572
CURRENT ASSETS
Debtors 8 1,471 1,471 1,421
Cash at bank 61,800 61)800 47,960
63,271 63,271 49,381
CREDITORS
Amounts
falling due within one year		 9 (2,954) (2,954) (5,104)
NKT CURRENT ASSETS 60,317 60,317 44,277
TOTAL ASSETS LESSCURRENT
LIABILITIES 3,029,390 3,029,390 3,304,849
NKT ASSETS 3,029,390 3,029,390 3,304,849
FUNDS 10
Unrestricted
funds		 3,029,390 3,304,849
TOTAL FUNDS 3,029,390 3,304,849

2022 2021
Rents received 26,950 21,115
Investment income 61,580 54,903
88,530 76,018
INVESTMENT INCOME COSTS
Investment management costs
2022 2021
Portfolio management 10,699 10,321
Professional fees 876 216
Investment property insurance 1,090 1,171
Property repairs &maintenance 3,635 8,321
Letting charges 2,970 1,846
Utilities 695
19,270 22,570

Travel costs reimbursed
to the trustees amounted
to f620 (2021:820).		 Travel costs reimbursed
to the trustees amounted
to f620 (2021:820).		 Travel costs reimbursed
to the trustees amounted
to f620 (2021:820).
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
INCOME AND ENDOWMENTS FROM
Investment income 76,018 76,018
EXPENDITURE ON
Investment income costs 22,570 22,570
Charitable activities
Bursaries 55,561 55,561
Governance 2,788 2,788
Management 9,590 9,590
Total 90,509 90,509
Net gains on investments 382,361 382,361

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued
Unrestricted Restricted Total
fund fund funds
NET INCOME 367,870 367,870
RECONCILIATION OFFUNDS
Total funds brought forward 2,936,979 2,936,979
TOTAL FUNDS CARRIED FORWARD 3304,849 3,304,849
6. FIXEDASSETINVESTMENTS
Cash and
Listed settlements
investments pending Totals
MARKET VALUE
At I September 2021 2,514,107 46,465 2,560,572
Additions 645,859 810,170 1,456,029
Disposals (663,952) (775,774) (1,439,726)
Revaluations (307,802) (307,802)
At 31August 2022 2,188,212 80,861 2,269,073
NET BOOK VALUE
At 31August 2022 2,188,212 80,861 2,269,073
At 31August 2021 2,514,107 46,465 2,560,572

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
8
Prepayments 1,471 1,421
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
Other creditors 3,000
Accrued expenses 2,954 2,104
2,954 5,104
10. MOVEMENT IN FUNDS
Net
movement At
At 1.9.21 in funds 31.8.22
Unrestricted funds
General
fund		 3,304,849 (275,459) 3,029,390
TOTAL FUNDS 3,304)849 (275,459) 3,029,390
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 88,530 (83,189) (280,800) (275,459)
TOTAL FUNDS 88,530 (83,189) (280,800) (275,459)
Comparatives for movement in funds
Net
movement At
At 1.9.20 in funds 31,8.21
Unrestricted funds
General fund 2,936,979 367,870 3,304,849
TOTAL FUNDS 2,936,979 367,870 3,304,849

Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 76,018 (90,509) 382,361 367,870
TOTAL FUNDS 76,018 (90,509) 382,361 367,870
A current year 12months and prior year 12months combined position is as follows;
Net
movement At
At 1.9.20 in funds 31.8.22
Unrestricted funds
General fund 2,936,979 92,411 3,029,390
TOTALFUNDS 2,936,979 92,411 3,029,390
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 164,548 (173,698) 101,561 92,411
TOTAL FUNDS 164,548 (173,698) 101,561 92,411

2022 2021
INCOME AND ENDOWMENTS
Investment
income
Rents received 26,950 21,115
Investment
income		 61,580 54,903
88,530 76,018
Total incoming resources 88,530 76,018
EXPENDITURE
Investment
management		 costs
Portfolio management 10,699 10,321
Professional
fees		 876 216
Investment
property		 insurance 1,090 1,171
Property repairs &maintenance 3,635 8,321
Letting charges 2,970 1,846
Utilities 695
19,270 22,570
Charitable
activities
Bursaries for individuals 49)541 55,561
Support costs
Management
Rent and storage costs 3,075 3,000
Telephone &office costs 5,032 2,326
Membership
fees		 298 238
Administration
support		 2,271 3,772
10,676 9,336
Information
technology
IT support 217 254
Governance
costs
Trustees'
expenses		 600
Accountancy
and legal fees		 2,885 2,788
3,485 2,788
Total resources expended 83,189 90,509
Net income/(expenditure) before gains and
losses 5,341 (14,491)