## |||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)|