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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|3|
|Report ofthe Indepeadent<br>Auditors|4|to|5|
|Statement ofFiaancial Activities||||
|Balance Sheet||||
|Cash How Statement||||
|Nates te the Cash Flow Statemeat||||
|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<br>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|





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||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<br>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<br>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<br>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|





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||||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|



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|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|





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||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.||||||||||||||
||INCOME FROM CHARITABLE||||||ACTIVITIES||||||||||
|||||||||||||||2020||2019|
|||||||ActiVity|||||||||||
|||||||Direct Tmining|||||||||||
|||||||||||||||380,630|596/93||
|4.|CHARITABLE||ACTIVITIES COSTS||||||||||||||
|||||||||||||||Support|||
|||||||||||||||costs (see|||
|||||||||||||||note 5)|Totals||
||Direct Training||||||||||||||||
|||||||||||||417,941||31,024|44$,965||
|5.|SUPPORT COSI'5||||||||||||||||
||||||||||||||Govemanee||||
|||||||||||||||costs||Totals|
|||||||||||||||f|||
||Direct Training||||||||||||||||
|||||||||||||||7,680||31,024|





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|STAFFCOS|TS||||||
|---|---|---|---|---|---|---|
||||||2020I|2019<br>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 &ltows:|||
||||||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<br>activities|||||||
|Direct Training|||||||
|||||||596,393|
|Total||||||602,631|
|EXPENDITURE ON|||||||
|Charitable<br>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<br>E|
||Other deblors||||1~71|76358|
||Prepay<br>ments||||6,408|11,552|
||||||18,979|87,910|





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|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<br>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|
||||||||$77,984||926,686|
||Net movement||iu funds,|included||in the above are as follows:||||
||||||||Incoming||Movmn ant|
||||||||resources<br>f||in funds|
||Unrmtttcted|funds||||||||
||Genrxal fund||||||497&667|(44$,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|





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|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|



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