2020-07-31-accounts

				2020	2019
				Unrestricted
				fund	Total funds
			Notes	f,
INCOME	AND ENDOWMENTS FROM
Charitable	activities
Trammg
				2,457,585	2,074,331
Investment	income			717	1,148
Other income				5,834
Total				2,464,136	2,075,479
EXPENDITURE ON
Charitable	activities
Tfalnlllg
				2,344,845	2,116,505
NET INCOME/(EXPENDITURE)				119491	(41,026)
RECONCILIATION		OFFUNDS
Total funds	brought	fonvard		594493	635,319
TOTAL FUNDS CARRIED FORWARD				713,584	594,293

		2020	2019
		Unrestricted
		fund	Total funds
	Notes		f.
FIXEDASSETS
Tangible assets		80,076	88,140
CURRENT ASSETS
Debtors	10	524,460	294,012
Cash at bards		436rt92	539,615
		961,452	833,627
CREDITORS
Amounts falling due within one year		(327dt44)	(327,474)
NKT CURRENT ASSETS		633,508	506,153
TOTAL ASSETSLESSCURRENT LIABILITIES		713,584	594493
NKT ASSETS		713,584	594,293
FUNDS	13
Unrestricted funds		713484	594493
TOTAL FUNDS		713,584	594,293

						2020	2019
					Notes	f	5
Cash flows from operating		activities
Cash generated from operations						(96,646)	(120,760)
Net cash used in operating		activities				(96,646)	(120,760)
Cash flows from investing		sctlvldes
Purchase oftangible fixcd	assets					(6,694)	(19,419)
Interest received						717	1,148
Net cash used in investing	activities					(5,977)	(18,271)
Change ln cash and cash	equivalents		ln the
reporting period						(102,623)	(139,031)
Cash snd cash equivalents		at the beginning		of
the reporting period						539,615	678,646
Cash snd cash equivalents		at the end	ofthe
reporting period						436~2	539,615

					2020	2019
					8
Net income/(expenditure)		for the reporting	period (as per the Statement of
Financial Activities)					119491	(41,026)
Adjustments	for:
Depreciation	charges				14,758	15,994
Interest received					(717)	(1,148)
Increase in debtors					(230,448)	(139,893)
Increase in creditors					470	45,313
Net cash used In operations					(96,646)	(120,760)
ANALYSIS	OF CHANGES IN NKT FUNDS
			At	1.8.19	Cash flow	At 31.720
				f
Net cash
Cash at bank			539,615		(102,623)	436'92
			539,615		(102,623)	436 rt92
Total			539,615		(102,623)	436 rt92

INVESTMENT INCOME
	2020	2019
Deposit account interest	717	1,148
INCOME FROM CHARITABLEAC~
	2020	2019
Activity
Training
BSFAand employer/member
income and income &om support
seMtxu	2,457485	2,074,331

4.	CHARI	TA	BL	E ACTI	VITIES COSTS
							Support
						Direct	costs (scc
						Costs	note 5)	Totals
	Trannng
						2J96,045	48,800	2,344,845
5.	SUPPORT		COSTS
								Governance
								costs
								f
	Tranung
								48,800
6.	NKT INCOME/(EXPENDITURE)
	Net income/(expenditure)				is stated after chsrgmg/(crediting):
							2020	2019
	Auditors'	remuneration					4,995	6,695
	Auditors'	remuneration			for non audit work		9,483	8,893
	Depreciation		-	owned assets			14,758	15,994
	Other operating			leases			82,300	67,838

STAFF COS	TS
						2020	2019
						f
Wages and salaries						929v237	792,190
Social security	costs					83,721	71,667
Other pension	costs					48,239	40,651
						1,061,197	904,508
The average monthly		number ofemployees		during	the year was	as follows:
						2020	2019
Administrative	staff					30	26
						30	26
The number ofemployees			whose employee	benegts	(excluding	employer pension costs) exceeded f60,000was:
						2020	2019
f,60,001 - f70,000						I	1

TANGIBLE FIXEDASSETS
			Fixtures
	Leasehold	Teaching	and	Motor
	premises	equipment	equipment	vehicles	Totals
			f.
COST
At I August 2019	18@33	42422	106,890	20,991	188,536
Additions		6,694			6,694
At 31 July 2020	18433	49,016	106,890	20 )t91	195430
DEPRECIATION
Atl August2019	7426	19,471	56,110	17,489	100496
Charge for year	1,833	4,432	7,617	876	14,758
At 31July 2020	9,159	23403	63,727	18,365	115,154
NET BOOK VALUE
At 31 July 2020	9,174	25,113	43,163	2,626	80,076
At 31 July 2019	11,007	22,851	50,780	3,502	88,140
DEBTORS:AMOUNTS FALLING DUE WITIHN ONK YEAR
				2020	2019
				8	f
Trade debtors				483,106	265,766
Other debtors				2,411	466
Prepayments				38)943	27,780
				524,460	294,012
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2020	2019
Trade creditors				230„997	173,157
Social security and other taxm				25,642	21,820
Other creditors				71,305	132,497
				327,944	327,474

									2020	2019
	Within one year								78,227	57,927
	Between one	and Qve years							128,666	112,543
									206,893	170,470
13.	MOVEMENT		IN FUNDS
									Net
									movement
								At 1.8.19	m funds	At 31.7,20
	Unrestricted	funds
	General fund							594,293	119491	713,584
	TOTAL FUNDS							594,293	119491	713,584
	Net movement	in funds, included				in the above	are as follows:
								Incoming	Resources	Movement
								rcsotnces	expended	in funds
								f.
	Unrestricted	funds
	General fund							2,464,136	(2@44,845)	119v291
	TOTAL FUNDS							2,464,136	(2344,845)	119,291
	Coruparatlves		for movement		in	funds
									Net
								Prior year	movement
							At 1.8.18	adjustment	m funds	At 31.7.19
	Unrestricted	funds
	General fund						655,319	(20,000)	(41,026)	594,293
	TOTAL FUNDS						655,319	(20,000)	(41,026)	594493
	Comparative	net movement		in	Rnds, included		in thc above are as follows:
								Incoming	Resources	Movement
								resources	expended	in ftmds
									f.
	Unrestricted	funds
	General fund							2,075,479	(2,116,505)	(41,026)
	TOTAL FUNDS							2,075,479	(2,116,505 )	(41,026)

			2020	2019
				f,
Balance	as at 1 August			53,450
Amount	deferred in the year
Amount	released to income earned from charitable	activities		53,450

Total value	ofscheme assets	635,000
Liabilities	- deferred members	596,000
Surplus		39,000

			2020	2019
				Total
				funds
				f
INCOME ANDENDO~
Investment income
Deposit account interest			717	1,148
Charitable activities
ESFA and employer/member		income and income &om
support services			2,457,585	2,074,331
Other income
IRS Grant			5,834
Total incoming resources			2,464,136	2,075,479
EXPENDITURE
Charitable activities
Wages			929,237	792,190
Social security			83,721	71,667
Pensions			48,239	40,651
Rent			82400	67,838
Utilities snd service charge			32,151	30,572
Insurance			19406	16,142
Repairs and maintenance			8,598	9,842
Telephone and fax			17312	14,887
Postage			206	232
Adverfising			4,289	7,228
Sundries			8,971	8,328
Establislunent -other costs			5,659	8,191
Motor expenses			60,769	72,170
Motor vehicle leasing			67421	61,270
College fees, expenses	and trainee payments		754,896	734,782
Certification fees			56,873	41,855
Registration fees			24,818	30,390
Stationery and printing			12,094	13,713
Stafftraining			5,969	2,718
Computer costs			53447	29,846
Bank charges			591	557
Bad debts			41620	4,785
Depreciation			14,758	15,994
			2,296,045	2,075,848
Support costs
Governance costs
Auditors' remuneration			4,995	6,695
Auditors' remuneratiou	for	non audit work	9,483	8,893
Legal and professional	fees		34422	25,069
			48,800	40,657

	2020	2019
		Total
		funds
		f
Total resources expended	2,344,845	2,116,505
Net lncome/(expenditure)	119491	(41,026)