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2020-07-31-accounts
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Page |
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| Report ofthe Trustees |
1 |
to |
3 |
Report ofthe Indepeadent
Auditors |
4 |
to |
5 |
| Statement ofFiaancial Activities |
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|
|
| Balance Sheet |
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| Cash How Statement |
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| Nates te the Cash Flow Statemeat |
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|
| Nates to the Finaacial Statements |
10 |
to |
16 |
| Detailed Statemeat ofFinancial Acdvtthn |
|
17 |
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|
2020 |
2019 |
|
|
Unrmutcted |
Total |
|
|
fund |
funds |
|
Notes |
|
|
| INCOME AND ENDOWMENTS FROM |
|
|
|
Charitable
activities |
|
|
|
| Direct Traimng |
|
|
|
|
|
380,630 |
596,393 |
|
|
117,037 |
6,238 |
| Total |
|
497,667 |
602,631 |
| EXPENDITURE ON |
|
|
|
| Charitable a tivities |
|
|
|
| Direct Training |
|
|
|
|
|
448,965 |
464,146 |
| NET INCOME |
|
48,702 |
138,48$ |
| RKCONCll IATION OF FUNDS |
|
|
|
| Total funds brought forward |
|
877,984 |
739,499 |
| TOTAL FUNDS CARRIED FORWARD |
|
926,686 |
877,984 |
|
31JULY2020 |
|
|
|
|
2020 |
2019 |
|
|
Unresmcted |
Total |
|
|
fund |
funds |
|
Notes |
|
f |
| CURRENT ASSETS |
|
|
|
| Debtors |
|
18,979 |
87&910 |
| Cash at bank and in hand |
|
958,506 |
813,729 |
|
|
977,485 |
901,639 |
| CREDITORS |
|
|
|
Amounts
faging due within one year |
12 |
(50,799) |
(23,655) |
| NET CURRENT ASSETS |
|
926,686 |
877,984 |
| TOTAL ASSETSLESSCURRENT |
|
|
|
| LIABILITIES |
|
926,686 |
877,984 |
| NET ASSETS |
|
926,686 |
877,984 |
| FUNDS |
14 |
|
|
Uureshicted
funds |
|
926,686 |
877,984 |
| TOTAL FUNDS |
|
926,686 |
877,984 |
|
|
|
CASH FLOW |
TA. |
|
|
|
|
FORTHK YEARENDED 31JULY 2020 |
|
|
|
|
|
|
2020 |
2019 |
|
|
|
Notes |
|
6 |
| Cash flows from opemting |
activities |
|
|
|
|
| Cash generated fmm operslioos |
|
|
|
144,777 |
250,695 |
| Net cash provided by operating |
|
activities |
|
144,777 |
250,695 |
| Change in cash aad cash eqaivaleats |
|
|
in |
|
|
the reporting
period |
|
|
|
144,777 |
250,695 |
| Cash and cash eqnivalents |
at |
the |
|
|
|
| beginning oftbe reporting |
period |
|
|
$13,729 |
563,034 |
| Cash and cash eqaivalents |
at |
the end |
of |
|
|
| the reportiag period |
|
|
|
95$,506 |
$13,729 |
|
|
|
2020 |
2019 |
|
|
|
f |
8 |
| Net income |
forthe |
reporting period (as per the Statement ofFinancial |
|
|
| Activities) |
|
|
48,702 |
138,485 |
| Adjustments |
for: |
|
|
|
| Decrease in |
debtors |
|
68 tt31 |
116,611 |
| lncreasct(decrease) |
|
in creditors |
27,144 |
(4,401) |
| Net cash provided |
|
by operations |
144,777 |
250,695 |
| ANALYSIS OFCHANGES IN NKT FUMI |
S |
|
|
|
At 1.8,19 |
Cash flow |
At31.7,20 |
| Net cash |
|
|
|
| Cash at bank and in hand |
813,7$ |
144,777 |
958,506 |
|
813,729 |
144„777 |
958406 |
| Total |
813,729 |
144,777 |
958+06 |
|
TIte company |
only |
only |
has |
llnanciel |
llnanciel |
asseis |
aed fieandal |
aed fieandal |
liabiilities |
liabiilities |
of a kind |
that |
qualify |
ss basic |
financial |
|
instnuncnts. |
Basic |
|
gnaucial |
|
instruments |
|
are iniYielly |
recognised |
|
at |
ransactioo |
value |
and subsequently |
|
measured |
|
at their settlement |
|
value. |
|
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|
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|
INCOME FROM CHARITABLE |
|
|
|
|
|
ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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2020 |
|
2019 |
|
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|
ActiVity |
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
Direct Tmining |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
380,630 |
596/93 |
|
| 4. |
CHARITABLE |
|
ACTIVITIES COSTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Support |
|
|
|
|
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|
costs (see |
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note 5) |
Totals |
|
|
Direct Training |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
417,941 |
|
31,024 |
44$,965 |
|
| 5. |
SUPPORT COSI'5 |
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Govemanee |
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|
costs |
|
Totals |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
f |
|
|
|
Direct Training |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,680 |
|
31,024 |
| STAFFCOS |
TS |
|
|
|
|
|
|
|
|
|
|
2020I |
2019
6 |
| Wages snd salaries |
|
|
|
|
240,068 |
206,946 |
| Social security |
costs |
|
|
|
17,713 |
19,959 |
| Other pension |
costs |
|
|
|
12,636 |
4,451 |
|
|
|
|
|
270,417 |
231/56 |
| The average raonthly |
|
number ofemployees |
|
during the year was as <ows: |
|
|
|
|
|
|
|
2020 |
2019 |
| Ttallllng |
|
|
|
|
7 |
7 |
| No employees |
received cmoluraents |
|
in excessofI60,000. |
|
|
|
| COMPARATIVES |
|
FORTHE STATEMENT OF FINANCIAL ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
Unrestricted |
|
|
|
|
|
|
fundI |
| INCOME AND ENDOWMENTS |
|
|
FROM |
|
|
|
Charitable
activities |
|
|
|
|
|
|
| Direct Training |
|
|
|
|
|
|
|
|
|
|
|
|
596,393 |
| Total |
|
|
|
|
|
602,631 |
| EXPENDITURE ON |
|
|
|
|
|
|
Charitable
acttvtges |
|
|
|
|
|
|
| IYirect Training |
|
|
|
|
|
|
|
|
|
|
|
|
464.146 |
|
|
|
|
STA |
|
|
|
|
|
FORTHE YEARENDED 31JUL |
|
2 |
|
| 9. |
COMPARATIVES FORTHE STATEMENT |
|
|
OFFINANCIAL |
ACTIVITIES-continued |
|
|
|
|
|
|
|
Unrestricted |
|
|
|
|
|
|
fund |
|
NKT INCOMK |
|
|
|
|
138,485 |
|
RECONCILIATION |
OFFUNDS |
|
|
|
|
|
Total funds lnuught |
forward |
|
|
|
739,499 |
|
TOTAL FUNDS CARRIED |
|
FORWARD |
|
|
877,984 |
| 10. |
TANGIBLE FIXED |
ASSETS |
|
|
|
|
|
|
|
|
|
|
Computer |
|
|
|
|
|
|
ectmpment |
|
|
|
|
|
|
8 |
|
COST |
|
|
|
|
|
|
At 1 August 2019snd |
31July |
2020 |
|
|
28,519 |
|
DKPRKCIATION |
|
|
|
|
|
|
At 1August 2019and |
31 July |
2020 |
|
|
28/19 |
|
NET BOOKVALUE |
|
|
|
|
|
|
At 31July 2020 |
|
|
|
|
|
|
At31July 2019 |
|
|
|
|
|
| 11. |
DEBTORS:AMOUNTS FALLING DUK WITHIN ONK YEAR |
|
|
|
|
|
|
|
|
|
|
2020I |
2019
E |
|
Other deblors |
|
|
|
1~71 |
76358 |
|
Prepay
ments |
|
|
|
6,408 |
11,552 |
|
|
|
|
|
18,979 |
87,910 |
| 12. |
CREDTTOR |
S |
: AMOU |
NTS |
FA |
LLING DUK WITHIN |
ONE YEAR |
|
|
|
|
|
|
|
|
|
|
2020 |
2019 |
|
|
|
|
|
|
|
|
|
6 |
|
Social security |
|
and other |
taxes |
|
|
|
5,611 |
10,465 |
|
Other creditors |
|
|
|
|
|
|
6,$04 |
1,540. |
|
Accrued expenses |
|
|
|
|
|
|
38,3&4 |
11,650 |
|
|
|
|
|
|
|
|
50,799 |
23,655 |
| 13. |
LEASING AGREEMENTS |
|
|
|
|
|
|
|
|
|
Mnimum
lease |
|
paymeats |
under nou-csnceBsbl«opersdng |
|
|
leases fall due as follows: |
|
|
|
|
|
|
|
|
|
|
2020 |
2019 |
|
Between one |
aud five years |
|
|
|
|
|
19,480 |
48,900 |
| 14. |
MOVKMKNT |
|
IN FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net |
|
|
|
|
|
|
|
|
|
movement |
At |
|
|
|
|
|
|
|
At 1.8.19 |
in funds |
31.7.20 |
|
|
|
|
|
|
|
|
6 |
|
|
Unrestricted |
funds |
|
|
|
|
|
|
|
|
General fend |
|
|
|
|
|
$77,9$4 |
48,702 |
926,686 |
|
|
|
|
|
|
|
$77,984 |
|
926,686 |
|
Net movement |
|
iu funds, |
included |
|
in the above are as follows: |
|
|
|
|
|
|
|
|
|
|
Incoming |
|
Movmn ant |
|
|
|
|
|
|
|
resources
f |
|
in funds |
|
Unrmtttcted |
funds |
|
|
|
|
|
|
|
|
Genrxal fund |
|
|
|
|
|
497&667 |
(44$,965) |
|
|
IQTAL I'VNDS |
|
|
|
|
|
497,667 |
(448,965) |
4$,702 |
|
Comparudves |
|
for movement |
|
In |
ihads |
|
|
|
|
|
|
|
|
|
|
|
Net |
|
|
|
|
|
|
|
|
|
nlovenleltt |
At |
|
|
|
|
|
|
|
At 1.8.18 |
in funds |
31.7.19 |
|
|
|
|
|
|
|
|
I |
|
|
Uarsricted |
funds |
|
|
|
|
|
|
|
|
General fund |
|
|
|
|
|
739+99 |
13$,485 |
877,984 |
|
TOTAL FUNDS |
|
|
|
|
|
739,499 |
138,485 |
877,984 |
| Comisuative |
net movement |
in funds, included |
in the above are as follows: |
|
|
|
|
|
Incoming |
Resources |
Movement |
|
|
|
resources |
expended |
in fimds |
|
|
|
|
8 |
|
|
|
|
602,631 |
(464,146) |
138,485 |
| TO'fAL FUNDS |
|
|
602,631 |
(464,146) |
138,485 |
|
|
|
Net |
|
|
|
|
movement |
At |
|
|
At 1.8.18 |
in funds |
31.7.20 |
|
|
f, |
|
E |
| Un estrkted funds |
|
|
|
|
| Genwul |
fund |
739,499 |
187,187 |
926,686 |
| TOTAL |
FUNDS |
739,499 |
187,187 |
926,686 |
|
|
Incoming |
Resources |
Movement |
|
|
resources |
expended |
in funds |
|
|
|
|
6 |
| Ilnrestricted |
funds |
|
|
|
| General fund |
|
1,100298 |
(913,111) |
187,187 |
| TOTAL FUNDS |
|
1,100,298 |
(913,111) |
187,187 |