2022-08-31-accounts - The Yarlet Trust

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		Page
Reference and Administrative Details
Report ofthe Trustees	2	to	6
Report ofthe Independent Auditors	7	to	10
Statement ofFinancial Activities
Statement ofFinancial Position		12
Statement ofCash Flows		13
Notes to the Statement of Cash Flows		14
Notes to the Financial Statements	15	to	26
Detailed Statement of Financial Activities	27	to	28

					31.8.22	31.8.21
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
		Notes			6	8
INCOME AND ENDOWMENTS FROM
Donations and legacies			1,158		1,158	5,400
Charitable activities
Gross fees and extras less discounts			1,855,667		1,855,667	1,678,492
Other trading activities				9,277	9,277	12,676
Investment income			65		65	I
Other income			3722	42,059	45,781	16,813
Total			1,860,612	51,336	1,911,948	1,713,382
EXPENDITURE ON
Raising funds		7	6,889	6,200	13,089	25,932
Charitable activities
Provision ofeducation	costs		1,836,626	6,108	1,842,734	1,720,309
Total			1,843,515	12408	1,855,823	1,746441
NKT INCOME/(EXPENDITURE)			17,097	39,028	56,125	(32,859)
Transfers between funds		21	43,419	(43,419)
Net movement in funds			60,516	(4491)	56,125	(32,859)
RECONCILIATION	OF FUNDS
Total funds brought forward			147,031	13444	160475	193,134
TOTAL FUNDS CARRIED FORWARD			207,547	8,853	216,400	160,275

	Statement of	Financial Position
	~3A	2322
				31.8.22	31.8.21
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes	5
FIXEDASSETS
Tangible assets	14	415,426		415,426	436,839
CURRENT ASSETS
Stocks	15	30,930		30,930	16,120
Debtors	16	169,911		1692111	93,782
Cash at bank		155,427	8,883	164410	216,796
		356,268	8,883	365,151	326,698
CREDITORS
Amounts falling due within one year	17	(401,647)	(30)	(4012677)	(390,762)
NET CURRENT ASSETS		(45379)	8,853	(36426)	(64,064)
TOTAL ASSETSLESSCURRENT
LIABILITIES		370,047	8,853	378,900	372,775
CREDITORS
Amounts falling due after more than one year	18	(162,500)		(162,500)	(212,500)
NET ASSETS		207847	8,S53	216,400	160,275
FUNDS	21
Unrestricted funds				207,547	147,031
Restricted funds				8,853	13,244
TOTAL FUNDS				216,400	160,275

				THK YARLKT TRUST	THK YARLKT TRUST
				Statement ofCash Flows
				for the Year Ended 31Au	st	2022
						31.8.22	31.8.21
				Notes
Cash flows from operating		activities
Cash generated from operations Interest paid						34,069 (11,615)	109,261 (3„411)
Net cash provided by operating activities						22,454	105,850
Cash flows from investing		activities
Purchase oftangible fixed Interest received	assets					(37,505) 65	(85,413) I
Net cash used in investing	activities					(37,440)	(85.412)
Cash flows from financing		activities
New loans in year Loan repayments in year						(37,500)	250,000
Net cash (used in)/provided		by financing		activities		(37400)	250,000
Change in cash and cash equivalents			in	the
reporting period Cash and cash equivalents ofthe reporting period		at the beginning				(52,486) 216,796	270,438 (53,642)
Cash and cash equivalents		at the end	ofthe
reporting period						164410	216,796

RECONCILIATION O ACTIVITIES	FNET INCOME/(EXPENDITU	RE) TO NKT CASH FL	OW FROM OPE	RATING
			31.8.22	31.8.21
Net income/(expenditure) ofFinancial Activities)	for the reporting period (as per the Statement		56,1Z5	(32,859)
Adjustments for: Depreciation charges Loss on disposal offixed Interest received	assets		54,662 4,255 (65)	58,061 (I)
Interest paid Increase in stocks			11,615 (14,810)	3,411 (1,120)
(increase)/decrease in debtors			(76,129)	8,988
(Decrease)/increase in creditors			(1,584)	72,781
Net cash provided by operations			34,069	109,261
ANALYSIS OFCHANGES IN NKT DEBT
		At 1.9.21	Cash flow	At31.8.22
			8
Net cash
Cash at bank		216,796	(52,486)	164310
		216,796	(52,4S6)	164,310
Debt
Debts falling doe within Debts falling due after I	1 year year	(37500) (212,500)	(12400) 50,000	(50,000) (162400)
		(250,000)	37400	(212,500)
Total		(33404)	(14,986)	(48,190)

	DONATI	O	NS AND L	EGACIES
					31.8.22	31.8.21
	Donations				1,158	5,400
4.	OTHER	TRADING ACTIVITIES
					31.8.22	31.8.21
	Activities	for generating		fund	9,277	12,676
5.	INVESTMENT INCOME
					31.8.22	31.821
	Deposit account interest				65	I
6.	INCOME		FROM CHARITABLE ACTIVITIES
					31.8.22	31.8.21
				Activity
	Gross fees Remissions,		including	Gross fees and extras less discounts	2,124,355	1,959,894
	bursaries	/h	scholarships	Gross fees and extras less discounts	(268,688)	(281,402)
					1,855,667	1,678,492

	Other trading activitie	s
				31.822	31.8.21
	Opening stock			16,120	15,000
	Purchases			27,899	27,052
	Closing stock			(30,930)	(16,120)
				13,089	25,932
8.	CHARITABLE ACTIVITIES COSTS
				Support
			Direct	costs (soe
			Costs	note 9)	Totals
	Provision ofeducation	costs	1,821,433	21401	1,842,734
9.	SUPPORT COSTS
					Governance
					costs
					8
	Provision ofeducation	costs			21/01
10.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated atter charging/(crediting):
				31.8.22	31.8.21
	Auditors' remuneration			6,480	6,000
	Depreciation - owned assets			54,663	58,060
	Deficit on disposal offixed assets			4,255

STAFFCOSTS
								31.8.22	31.8.21
Wages and salaries Social security costs Other pension costs								948,046 74,664 107,133	934,534 71,754 112,835
								1,129,843	1,119,123
The average monthly	number		ofemployees	during the year was	as follows:
								31.8.22	31.8.21
Charitable activities								43	42
Cost ofgenerating funds								I	I
Management and admin ofthe			charity					2	2
								46	45
The number ofemployees		whose employee		benefits (excluding	employer	pension	costs)	exceeded f60,000	was:
								31.8.22	31.8.21
670,001 - 680,000								I	I
Governor and key management			remuneration	and benefits totalled 6110,306(2021:6113,450).
COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES
						Unrestricted		Restricted	Total
						fund		fllnrl	funds
INCOME AND ENDOWMENTS FROM
Donations and legacies						5,400			5,400
Charitable activities
Gross fees and extras less		discounts				1,678,492			1,678,492
Other trading activities								12,676	12.676
Investment income							I		I
Other income						]7,694		(881)	16,813
Total						1,701,587		11,795	1,713,382
EXPENDITURE ON
Raising funds						24,685		1,247	25,932
Charitable activities
Provision ofeducation	costs					1,719,334		975	1,720,309
Total						1,744,019		2,222	1,746,241

		forthe Year Ended 31Au us	forthe Year Ended 31Au us	t202Z	t202Z
13.	COMPARATIVES	FORTHE STATEMENT OF FINANCIAL		ACTIVITIES —continued
				Unrestricted	Restricted	Total
				fund	fund	funds
				8	8	f.
	NKT INCOME/(EXPENDITURE)			(42,432')	9,573	(32,859)
	Transfers between	funds		16,232	(16,232)
	Net movement in funds			(26,200 )	(6,659)	(32,859)
	RECONCILIATION		OF FUNDS
	Total funds brought	forward		173,231	19,903	193,134
	TOTAL FUNDS CARRIED FORWARD			147.031	13,244	160,275
14.	TANGIBLE F1XEDASSETS
				Fixtures
			Long	and	Motor
			leasehold	fittings	vehicles	Totals
				f.
	COST
	At I September 2021		1,490v272	381/16	16,167	(,888455
	Additions		8,033	9,463	20,009	37,505
	Dispose)a		(42,814)	(298,228)		(341,042)
	At 31August 2022		1,455,491	93,051	36,176	1,584,718
	DEPRECIA11ON
	At 1 September 2021 Charge for year Eliminated on disposal		1,121,165 26,396 (38,559)	327,018 20,031 (298,228)	3,233 8,236	1,451,416 54,663 (336,787)
	At 31August 2022		1,109,002	48,821	11,469	1,169,292
	NET BOOKVALUE
	At 31 August 2022		346,489	44,230	24,707	415,426
	At 31 August 2021		369,107	54,798	12,934	436,839

15.	STOCKS
		31.8.22	31.8.21
	Stocks	8 30,930	8 16,120
16.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
		31.8.22	31.8.21
	Trade debtors Other debtors Prepayments	122,755 29,772 17,384	73,745 3,642 16,395
		169,911	93,782
17.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		31.8.22	31.8.21
	Bank loans and overdrafts (see note 19) Trade creditors Social security and other taxes Other creditors Accruals and deferred income	50,000 76,703 18,680 16,685 239,609	37,500 72,322 16,988 12,549 251,403
		401,677	390,762

CRE	DITO	RS:	AM	OUNTS FALLING DUE AFTER	MORE THAN ONE YEAR
					31.8.22	31.8.21
					6
Bank	loans	(see	note	19)	162,500	212,500

An analysis ofthe maturity ofloans is given below:
	31.8.22	318.21
Amounts falling due within one year on demand: Bank loans	50,000	37,500
Amounts falling between one and two years: Bank loans —1-2years	50,000	50.000
Amounts falling due between two and five years: Bank loans —2-5 years	112,500	162,500

Minimum lease payments under non-canc	ellable operating leases fall	due as follows:
			31.8.Z2	31.8.21
Within one year Between one and five yeats			15,499 26,660	6,206
			42,159	6,206
MOVEMENT IN FUNDS
		Net	Transfers
		movement	between	At
	At 1.9.21	in funds	funds	31.8.22
Unrestricted funds
General fund	147,031	17,097	43,419	207447
Restricted funds
General Restricted	13,244	39,0Z8	(43,419)	8,853
TOTAL FUNDS	160,275	56,125		216,400

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted funds
General fund			1,860,612	(1,843,515)	17,097
Restricted funds
General Restricted			51436	(12,308)	39,028
TOTAL FUNDS			1,911,948	(1,855,8Z3)	56,125
Comparatives for movement	in funds
			Net	Traasfers
			movement	between	At
		At 1.9.20	in funds	funds	31.8.21
Unrestricted funds
General fund		173231	(42,432)	16,232	147,031
Restricted funds
General Restricted		19,903	9,573	(16,232)	13,244
TOTALF'UNDS		193,134	(32,859)		160,275

	incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
General fund	1,701,587	(1,744,019)	(42,432)
Restricted funds
General Restricted	11,795	(2,222)	9,573
TOTAL FUNDS	1,713,382	(1,746,241 )	(32,859)

		Detailed Statement afFinancial	Activities
		for the Year Ended 31Au	st 2022
				31.8.22	31.8.21
				K
INCOME AND ENDOWMENTS
Donations and legacies
Donations				1,158	5,400
Other trading activities
Activities for generating	fund			9477	12,676
Investment income
Deposit account interest				65
Charitable activities
Gross fees Remissions, including bursaries &scholarships				2,124455 (268,688)	1,959,894 (281,402)
				1,855,667	1,678,492
Other income
Grants
Other income resources				45,781	15,540 1,273
				45,781	16,813
Total incoming resources				1,911,948	1,713,382
EXPENDITURE
Other trading activities
Opening stock Fundraising costs Uniform purchases Closing stock				16,120 6463 21,536 (30,930)	15,000 1,416 25,636 (16,120)
				13,089	25,932
Charitable activities
Salaries, wages and associated costs Social security Pensions Rent and rates Insurance Heating and lighting Office and telephone expenses Advertising Carried forward				937,798 74,664 107,133 99,093 24,617 73,062 26490 12,482 1455439	925,396 71„754 112,835 82,435 20,233 65,821 25,481 6,633 1,310,588

for the Year Knd d3	1 Au ust 2022
	31.8.22	31.8.21
Charitable activities Brought for&sard Trips and travel costs Grounds and gardens Games equipment and recreation Repairs and maintenance Household expenses Motor expenses Subscriptions Other expenses Bad debts Lesson expenses School expenses Examination fees	1455,239 (5,897) 17,332 1,944 76,019 88,147 17,132 6,736 9407 5,770 6,056 38,505 10,641	1,310,588 (12,373) 17,338 4,022 63,131 68,147 10,560 6,482 13,946 23,855 7,362 40,508 3,006
Educational activity costs Boarding costs Depreciation oftangible fixed assets Loss on sale oftangible fixed assets Bank interest	118,619 5,451 54,662 4,255 4,972	75,577 2,831 58,061 3,411
Bank loan interest	6,643
	1,821,433	1,696,452
Support costs
Governance costs
Wages Auditors' remuneration	(0448 6,480	9,138 6,000
Legal fees	4&573	8,719
	21401	23,857
Total resources expended	1,855&823	1,746,241
Net tncome/(expenditure)	56,125	(32,859)