||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|
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||||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|
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|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|
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||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|
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|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|
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||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|
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||||||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)|
##
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||||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)|