| FOR THK YEAR EN | DED 31 | DECEMB | ER2021 | ||||
|---|---|---|---|---|---|---|---|
| 31.12.21 | 31.12.20 | ||||||
| Unrestricted | Restricted | Endowment | Total | Total | |||
| Notes | funds I |
fundsI | fund f |
funds f |
fundsf | ||
| INCOME AND | |||||||
| ENDOWMENTS FROM | |||||||
| Investment income |
2 | 309,551 | 309,551 | 368,692 | |||
| EXPENDITURE ON | |||||||
| Raising funds | 3 | 171,650 | 171,650 | 249,021 | |||
| Charitable activities |
|||||||
| Educational grants |
22,897 | 22,897 | 18,750 | ||||
| Extra statf costs | 65,288 | 65,288 | 91,000 | ||||
| Other grants | 16,313 | 16,313 | 16,094 | ||||
| Other | 25,386 | 25,386 | 24,404 | ||||
| Total | 301,534 | 301,534 | 399,269 | ||||
| NET | |||||||
| liVCOME/(EXPENDITURE) | 8,017 | 8,017 | (30,577) | ||||
| RECONCILIATION | OF | ||||||
| FUNDS | |||||||
| Total funds brought forward | 587,407 | 2,832,357 | 4,708,716 | 8,128,480 | 8,159,057 | ||
| TOTAL FUNDS CARRIED | |||||||
| FORWARD | 595,424 | 2,832,357 | 4,708,716 | 8,136,497 | 8,128,480 |
| 31.12.21 | 31.12.20 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| Notes | funds f. |
fundsI | fund f |
funds | funds f, |
|
| FIXEDASSETS | ||||||
| Tangible assets |
8 | 225,000 | 2,832,357 | 3,057,357 | 3,057,357 | |
| Investment property |
9 | 4,700,000 | 4,700,000 | 4,700,000 | ||
| 225,000 | 2,832,357 | 4,700,000 | 7,757,357 | 7,757,357 | ||
| CURRENT ASSETS | ||||||
| Debtors | 10 | 110,357 | 110,357 | 73,200 | ||
| Investments | 11 | 256,443 | 8,716 | 265,159 | 263,815 | |
| Cash at bank | 64,049 | 66,214 | ~ | 130,263 | 151,500 | |
| 430,849 | 66,214 | 8,716 | 505,779 | 488,515 | ||
| CREDITORS | ||||||
| Amounts falling due within one |
||||||
| year | 12 | (60,425) | (66,214) | (126,639) | (117,392) | |
| NET CURRENT ASSETS | 370,424 | 8,716 | 379,140 | 371,123 | ||
| TOTAL ASSETSLESS | ||||||
| CURRENT LIABILITIES | 595,424 | 2,832,357 | 4,708,716 | 8,136,497 | 8,128,480 | |
| NKT ASSETS | 595,424 | 2,832,357 | 4,708,716 | 8,136,497 | 8,128,480 |
| FUNDS | 13 | ||
|---|---|---|---|
| Unrestricted funds: |
|||
| General fund | 292,928 | 284,911 | |
| New School | 225,000 | 225,000 | |
| 1-5Flitcroll Street development | 77,496 | 77,496 | |
| 595424 | 587407 | ||
| Restricted funds: | |||
| New School | 2,832,357 | 2,832,357 | |
| Endowment funds: |
|||
| London Properties, Old School | and Buildings | 4,708,716 | 4,708,716 |
| TOTAL FUNDS | 8,136,497 | 8,128,480 |
| INVESTMENT | INCOME | ||
|---|---|---|---|
| 31.12.21 | 31.12.20 | ||
| f. | |||
| Rents receivable | 260,287 | 299,516 | |
| Other pmperty | income | 47,833 | 66,609 |
| Deposit account | interest | 1,431 | 2,567 |
| 309,551 | 368,692 |
| Investment | management | costs | ||
|---|---|---|---|---|
| 31.12.21 | 31.12.20 | |||
| Bad debts | 7,596 | 33,067 | ||
| Insurance premiums |
13,227 | 12,110 | ||
| Agents fees | 13,740 | 23,184 | ||
| Electricity and gas | 1,336 | 1,247 | ||
| Cleaning | 8,651 | 16,365 | ||
| Repairs and | maintenance | 113,734 | 119,333 | |
| Professional | fees | 13,366 | 43,715 | |
| 171,650 | 249,021 | |||
| GRANTS PAYABLE | ||||
| 31.12.21 | 31.12.20 | |||
| Educational | grants | 22,897 | 18,750 | |
| Extra staff costs | 65,288 | 91,000 | ||
| Other grants | 16,313 | 16,094 | ||
| 104,498 | 125,844 |
| The total grants payable to in |
stitutions | during the year was as fol | lows: | ||||
|---|---|---|---|---|---|---|---|
| 31.12.21 | 31.12.20 | ||||||
| Institution | Number | I | Number | ||||
| Nottingham Hoods Basketball Club |
I | 1,000 | I | 1,000 | |||
| Wilford Lions Football Club | I | 58 | I | 94 | |||
| WYCS Wilford Community | Group | I | 15,000 | I | 15,000 | ||
| 4th Wilford Brownies | 1 | 255 | |||||
| 4 | 16,313 | 3 | 16,094 | ||||
| 31.12.21 | 31.12.20 | ||||||
| Number | f, | Number | |||||
| Individuals | 37 | 22,897 | 31 | 18,750 | |||
| AUDITORS' REMUNERATION | |||||||
| 31.12.21 | 31.12.20 | ||||||
| f. | f. | ||||||
| Fees payable to the charity's | auditors | for the audit ofthe charity's | financial | ||||
| statements | 2,050 | 2,050 | |||||
| Other non-audit services |
6,450 | 6,050 | |||||
| Total fees payable | 8,500 | 8,100 |
| STAFF COSTS | STAFF COSTS | ||||||
|---|---|---|---|---|---|---|---|
| The average monthly |
number of employees | during | the year was as follows: | ||||
| 31.12.21 | 31.12.20 | ||||||
| Number ofemployees | I | I | |||||
| No employees | received emoluments | in excess ofF60,000. | |||||
| TANGIBLE | FIXED | ASSETS | |||||
| Wilford | |||||||
| New | |||||||
| School & | |||||||
| Buildings I |
|||||||
| COST | |||||||
| At I January | 2021 and 31December | 2021 | 3,057,357 | ||||
| NKT BOOK | VALUE | ||||||
| At 31December 2021 | 3,057,357 | ||||||
| At 31 December 2020 | 3,057,357 |
| Annual | |||||||
|---|---|---|---|---|---|---|---|
| Property | Tenants | Term ofLease | Rental | ||||
| I/5 Flitcroft Street | My Beautiful City Ltd | I1,000per month on a | 12,000 | ||||
| Tenancy at Will from |
|||||||
| 13.12.17 | |||||||
| 6Flitcroft Street | |||||||
| Basement &Ground | Paul McAneary | Architects Ltd | 15years &om 20.08 09 | 585 | |||
| Floor | (terminated 06.01.21) |
||||||
| 1st Floor | Gulbenkian | Andonian | Solicitors Ltd | 5 years from 15.06.20 | 38,325 | ||
| 2nd Floor | Just Add Water | Management | Ltd | 10years from 01.02.10 | 4,164 | ||
| (terminated 26.01.21) |
|||||||
| 3rd Floor | Design Consultancy | Ltd | 15years from 13.05.11 | 34,000 | |||
| 8Flitcroft Street | |||||||
| 1st Floor | Bad Wolf | 5 years from 13.11.18 | 65,295 | ||||
| 2nd Floor | lan Johnson Publicity | Ltd | 10years from 24.12.12 | 49,350 | |||
| Ground, 3rd and 4th | A Bunn (Pixelate Imaging Ltd) | 15years from 24.06.12 | 57,500 | ||||
| Floors | |||||||
| Compensation | (25,692) | ||||||
| 110AMain Road, | Hey Baby | 4D | 3 years from 07.10.2020 | 5,891 | |||
| Wilford, Nottingham | |||||||
| 110BMain Road, | Leisure Management | Technology | 3 years from 04.06.18 | 3,125 | |||
| Wilford, Nottingham | (terminated 04.06.21) |
||||||
| JCrossley | 6 months from |
2,613 | |||||
| 17.09.21monthly rolling |
|||||||
| therea0er | |||||||
| The New School | Transform | Trust | 125years from 17.07.12fnil | ||||
| The Old School | WYCS | 9years fmm 01.03.1684,000 | 15,000 | ||||
| p.a.,increasing to | |||||||
| f7,500 from 19.09.16to | |||||||
| 28.09.17increasing to |
|||||||
| f.15,000 pxc to 28.09.21 | |||||||
| Accrued rent re discounted | (1,869) | ||||||
| period | |||||||
| 260,287 |
| 10. | DEBTORS: | AMO | UNTS FALLING DUK WITHI | N ONK YEAR | ||
|---|---|---|---|---|---|---|
| 31.12.21 | 31.12.20 | |||||
| Trade debtors | 101,785 | 63,826 | ||||
| Other debtors | 800 | 1,404 | ||||
| VAT | 7,772 | 7,970 | ||||
| 110,357 | 73,200 | |||||
| 11. | CURRENT ASSETINVESTMENTS | |||||
| 31.12.21 | 31.12.20 | |||||
| f | f | |||||
| Cash held on | deposit | 265,159 | 263,815 | |||
| 12. | CREDITORS: AMOUNTS FALLING DUK WITHIN ONK YEAR | |||||
| 31.12.21 | 31.12.20 | |||||
| Trade creditors | 38,178 | 25,577 | ||||
| Social security and | other taxes | 209 | ||||
| Other creditors | 69,964 | 82,030 | ||||
| Accruals and | deferred income | 18,497 | 9,576 | |||
| 126,639 | 117,392 | |||||
| 13. | MOVEMENT IN | FUNDS | ||||
| Net | ||||||
| movement | At | |||||
| At 1.1.21 | in funds | 31.12.21 | ||||
| f, | f. | |||||
| Uarestricted | funds | |||||
| General fund |
284,911 | 8,017 | 292,928 | |||
| New School | 225,000 | 225,000 | ||||
| 1-5Flitcrolt Street | development | 77,496 | 77,496 | |||
| 587,407 | 8,017 | 595,424 | ||||
| Restricted funds |
||||||
| New School | 2,832,357 | 2,832,357 | ||||
| Endowment | funds | |||||
| London Properties, | Old School and | |||||
| Buildings | 4,708,716 | 4,708,716 | ||||
| TOTAL FUNDS | 8,128,480 | 8,017 | 8,136,497 |
| Incoming | Resources | Movement | |||||
|---|---|---|---|---|---|---|---|
| resources | expended | in funds | |||||
| f. | |||||||
| Unrestricted | funds | ||||||
| General fund | 309,551 | (301,534) | 8,017 | ||||
| TOTAL FUNDS | 309,551 | (301,534) | 8,017 | ||||
| Comparatives | for | movement | ia fuads | ||||
| Net | |||||||
| movement | At | ||||||
| At 1.1.20 | in funds | 31.12.20 | |||||
| f | f | f | |||||
| Unrestricted | fuads | ||||||
| General fund | 307,861 | (22,950) | 284,911 | ||||
| New School | 225,000 | 225,000 | |||||
| 1-5Flitcroii Street development | 85,123 | (7,627) | 77,496 | ||||
| 617,984 | (30,577) | 587,407 | |||||
| Restricted funds |
|||||||
| New School | 2,832,357 | 2,832,357 | |||||
| Endowment | funds | ||||||
| London Properties, | Old School | and | |||||
| Buildings | 4,708,716 | 4,708,716 | |||||
| TOTALFUNDS | 8,159,057 | (30,577) | 8,128,480 | ||||
| Comparative | net movement | in | funds, included | in the above are as follows: | |||
| Incoming | Resources | Movement | |||||
| resources | expended | in funds | |||||
| Unrestricted | funds | ||||||
| General fund | 368,692 | (391,642) | (22,950) | ||||
| 1-5Flitcroii Street | development | (7,627) | (7,627) | ||||
| 368,692 | (399,269) | (30,577) | |||||
| TOTAL FUNDS | 368,692 | (399,269) | (30,577) |
| Net | ||||||||
|---|---|---|---|---|---|---|---|---|
| movement | At | |||||||
| At 1.1.20 | in funds | 31.12.21 | ||||||
| f | f, | f | ||||||
| Unrestricted | funds | |||||||
| General fund | 307,861 | (14,933) | 292,928 | |||||
| New School | 225,000 | 225,000 | ||||||
| 1-5Flitcroil | Street development | 85,123 | (7,627) | 77,496 | ||||
| 617,984 | (22,560) | 595,424 | ||||||
| Restricted funds |
||||||||
| New School | 2,832,357 | 2,832,357 | ||||||
| Endowment | funds | |||||||
| London Properties, Old School and | ||||||||
| Buildings | 4,708,716 | 4,708,716 | ||||||
| TOTALFUNDS | 8,159,057 | (22,560) | 8,136,497 | |||||
| A current year 12 months |
and prior year 12 months | combined | net movement | in funds, | included | in the above | are | |
| as follows: |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| f, | ||||
| Unrestricted | funds | |||
| General fund | 678,243 | (693,176) | (14,933) | |
| 1-5Flitcroil | Street development | (7,627) | (7,627) | |
| 678,243 | (700,803) | (22,560) | ||
| TOTALFUNDS | 678,243 | (700,803) | (22,560) |