2020-08-31-accounts

	Page
Report ofthe Governors	1to 8
Independent Examiner's Report
Statement ofFinancial Activities		10
Statement ofFinancial Position	11 to	12
Statement ofCash Flow		13
Notes to the Financial Statements	14to	18

			Unrestricted	Restricted	Total Funds	Total Funds
			Fund	Fund
			Year Ended	Year Ended	Year Ended	Year Ended
			31August	31August	31August	31August
			2020	2020	2020	2019
		Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies						450
Charitable activities
Fees receivable			635,819		635,819	496,023
Ancillary income			96,588		96,588	62,399
Other Income			27,012		27,012
Investment income			20,304		20,304	21,461
Total			779,723		779,723	580,333
EXPENDITURE ON
Charitable activities
Administrative			780,969		780,969	744,751
Total			780,969		780,969	744,751
Net gains/losses on investments						21,202
NKT INCOME/(EXPENDITURE)			(1,246)		(1,246)	(143,216)
RECONCILIATION	OF FUNDS
Total funds brought forward			281,309		281,309	545,727
Transfer			(1,246)		(1,246)	(264,418)
TOTAL FUNDS CARRIED FORWARD			280,063		280,063	281,309

Statement ofFinancial Position
Asat31Au ust2020
		Unrestricted	Restricted	Total Funds	Total Funds
	Notes	Fund	Fund
		31August	31August	31August	31August
		2020	2020	2020	2019
FIXEDASSETS
Tangible assets		34,971		34,971	40,542
CURRENT ASSETS
Debtors		316,665		316,665	442,973
Cash at bank and in hand		134,714		134,714	96,522
TOTAL CURRENT ASSETS		451,379		451,379	539,495
CREDITORS
Amounts falling due within one year	8	(206,287)		(206,287)	(298,728)
NET CURRENT ASSETS/(LIABILITIES)		245,092		245,092	240,767
TOTAL ASSETSLESSCURRENT		280,063		280,063	281,309
LIABILITIES
NKT ASSETS		280,063		280,063	281,309
Funds
Unrestricted Funds				280,063	281,309
Restricted Funds
TOTAL FUNDS				280,063	281,309

				Year Ended	Year Ended
				31August	31August
				2020	2019
Cash flows from operating		activities
Cash used in operating activities				43,721	(414,588)
Cash flows from investing		activities
Proceeds from sale ofland					900,000
Interest income				57	53
Purchase oftangible fixed	assets			(5,586)
Impairment oftangible fixed		assets
Cash used in investing activities				(5,529)	900,053
Cash flows from financing		activities
Loan Repaid					(480,000)
Cash used in financing activities					(480,000)
Increase/(decrease) in cash		and cash equivalents	in the year	38,192	5,465
Cash and cash equivalents	at	the beginning ofthe	year	96,522	91,057
Cash and cash equivalents	at	the end ofthe year		134,714	96,522

	Year Ended	Year Ended
	31-Aug-2020	31-Aug-19
Rents received	20,247	21,408
Deposit account interest	57	53
	20,304	21,461

Charitable activities
	Year Ended	Year Ended
	31-Aug-2020	31-Aug-19
Teaching	575,100	528,664
Premises	59,276	57,611
Support	133,203	122,206
Bank charges	584	535
Bad debts	1,648	16
Loan interest		25,200
Depreciation	11,158	10,519
	780,969	744,751

	Fixtures and	Computer	Totals
	Fittings	Equipment
COST
At 1 September 2019	131,999	161,251	293,250
Additions		5,586	5,586
At 31August 2020	131,999	166,837	298,836
DEPRECIATION
At 1 September 2019	91,456	161,251	252,707
Charge for the year	9,883	1,275	11,158
Disposals
At 31August 2020	101,339	162,526	263,865
NKT BOOKVALUE
At 31August 2020	30,660	4,311	34,971
At 31August 2019	40,542		40,542

		31-Aug-2020	31-Aug-19
Trade	debtors	110,712	137,379
Other	debtors	205,953	305,594
		316,665	442,973

					31-Aug-2020	31-Aug-19
Trade	creditors					5,588
Social	security	and	other	taxes	2,953	9,675
Other	creditors				203,334	283,465
					206,287	298,728

					1-Sept-19	1-Sept-19	Net movement	Net movement	in	31-Aug-20
								funds
Unrestricted funds
General reserve						281,309		(1,246)		280,063
Restricted funds
Revaluation reserve
TOTAL FUNDS						281,309		(1,246)		280,063
Net movement	in funds, included			in the above	are as follows:
				Incoming			Resources		Gains and	Movement in
				resources			expended		losses	funds
								K
Unrestricted funds				779,723			(780,969)			(1,246)
General reserve
Restricted funds
Revaluation funds
TOTAL FUNDS				779,723			(780,969)			(1,246)
Comparatives for movement			in	funds
					1-Sept-18		Net movement		in	31-Aug-19
								funds
Unrestricted funds
General reserve					424,525			(143,216)		281,309
Restricted funds
Revaluation reserve					121,202			(121,202)
TOTAL FUNDS					545,727			(264,418)		281,309
Comparative net	movement	in	funds, included		in	the above	are as follows:
				Incoming			Resources	Gains and		Movement in
				resources			expended		losses	funds
Unrestricted funds
General reserve				580,333			(744,751)			(164,418)
Restricted funds
Revaluation funds									21,202	21,202
TOTAL FUNDS				580,333			(744,751)		21,202	(143,216)

			Year Ended	Year Ended
			31August 2020	31August 2019
Net movement in	funds		(1,246)	(43,216)
Add back depreciation charge			11,158	10,519
Profit on disposal	ofland			(121,202)
Deduct investment	income shown in investing	activities	(57)	(53)
(Increase)/decrease	in debtors		126,308	(342,431)
Increase/(debtors)	in creditors		(92,442)	81,795
			43,721	(414,588)