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|||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|
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||||||||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|
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|||||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|
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|||||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|
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|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|
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|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|
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|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|
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||||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|
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||||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)|