2020-08-31-accounts

			Page
Report ofthe Trustees			to	3
Report ofthe Independent Auditors			to	5
Statement ofFinancial Activities
Statement ofFinancial Position
'Antes to the Financial Statements		0	to	13
Detailed Statement ofFinancial	Activities	14	to	15

			for the	Year Ended 31 August	2020
					31820	313L19
					Unrestricted	Total
					fund	I'unde
						f
				Notes
INCOXIE Donations	AN1) FNDOWhl ENTS I ROXI and legacies				40,605
Charitable Charitable		activities activities			1,598.035	I 624.851
					31,619	34,273
Odtcr income
Total					1,670i259	1,707,989
EXPENDITURE ON						4.047
Raising funds
Charitable		activities			I 619644	I 8 IS 618
Clmritable		activities
					1,619,644	I 822,6Ci5
Total
NET INCOXIE/(EXPENDITURE)					50.615	(114.676)
RECONCILIATION			OF FUNDS
Total funds brought			forward		101,632	216,308
TOTAL		FLWDS CARRIED FORWARD			152.247	IDI,6 2

	31August 2020
		31.8.20	31.8.19
		Unrestricted	Total
		fund	funds
	Nous	0	f
FIXED ASSETS Tangible assms		158,713	'10.950
CURREiNT ASSETS Debtors Cash at bank and in hand	12	46,625 184,161	349 14,364
		230.786	14,i13
CREDITORS Amounts falling due within one year	13	(237,252)	(124,031)
NET CURRENT ASSETS		(6,466)	(109,318)
TOTAL ASSETSLESS CURRENT LIABILITIES		152,247	101,632
.iETASSETS		152,247	l(il,C)32
FUNDS Unrestricted funds	14	152.247	l(11 632
TOTAL FUNDS		152,247	I0I,Ci32

				31.8.20	31 8.19
	Donations			2,310	720
	Grants receivable			38,295	48,145
				40,61Ls	48,865
	Grants received. included		in thc above. are as fottou's:
				31.8.20	31.8.19
	Oti&er grants			38.295	48.145
3.	INCOSIE FROSI	CILARITABLE ACTIVITIES		31.8.20	'1.8.19
				Chantabic	Total
				acriviries	activities
					5
	Term fees			1.598,035	1,624,851
	OTHER ENCOSIE			31.8.20	:1.8.19
				8	r
	Exam 1'ee and registration Coach and dinner money Extra-cun icular activity			27,585 4,034	30,'272 360 3.641
				31,619	34,273
5.	RAISLNG FUNDS
	Raising donations	and	legacies	31.8.20	31.8.19
	Support costs				4,047

CHARIT	A	BLE ACTI	VITIFS COSTS
					nupport
				Direct	cosh (scc
				Costs	note 71	Totals
				f
Clmri(able	activities			1,542,331	77,313	1.619.644
SUPPORT		COSTS
					Governance
				Advertising	cosm	Totals
				F.		f
Charitahlc	activities				76.954	77,313
x(ETIXCO3IE/(EXPEsIDITUREI
iLcct income/(expcndinuel			is stated after charging, (crcditingl:
					31.8.20	31.8.19
					f
Depreciation		-otvncd assets			52,905	70,316
Accountancy		Fees				2,400
Examiner's		fees				9.540

STAFF C	OST	S
							31.8.20	3(.8.19
								f
Wages and	salaries						950,307	1.053.607
Social security		costs					8:,200	84,7(3
							1,035,307	1.138,320
Thc avera	e tuonth(y		number ofemployees		during	rite year nas as follona:
							31.8.20	31.S.19
Employees							54	51
No ctnployccs		received emoluments		in excess off60.000.

1.	TANGIBLE FIXED A	SSETS
		improcemencs	Fixtures
		to	and	Niotor	Computer
		property	fiulngs	vehicles f	equipment	Totals f
	COST At I Seprember 019 Additions	509.336	84,491 50	12'2,418	88.842 618	805,1187 668
	At 31 August 0 0	509.336	84,541	122,418	89.460	805,755
	DEPRECIATION At I September 2019 Charge for year	365,466 35,967	69,008 3,884	90,894 7,881	68,769 5,173	594,137 5L90n
	At: I August 0'0	401,433	72 892	98,775	73,942	647,042
	ETBOOK VALLE At 31 Augttst 2020	107,903	11,649	23.643	15,318	158,713
	At 31 August 2019	143,870	15,483	31,524	20,073	210,950
2.	DEBTORS:AXIOUNTS FALLING DUE 1VITHTN ONE YEAR				31.8.20	314L19
					8
	Other debtors				46,625	349
13.	CREDITORS: AXIOUNTS FALLING DUE XYITIIIN O'N EYEAR				31.8.20	31.8.19
					8	f
	Social security and other ta~es Other creditors Accruals and deferred income				127,205 S3,189 26,858	48,598 75,433
					237252	I24,031
14.	XIOYESIENT IN FUNDS				Net
					ni0veale nt	At
				At 1.9.19	in funds	31,8,20
				f	I,	f.
	Unrestricted funds General fund			101.632	50,615	152.247
	TOTAL FUNDS			101,632	50,615	132,247

						Inconl log r"sources	Resources expcndcd	Xlovcn1cnt in funds
							I.	E
L'nrestricted		funds
General	fund					1.670.259	(1,619,644)	50.615
TOTAL	FUh	DS				1,670,259	(1,619,644)	50,615
Comparatives		fur	movemcnt	in	funds
							Nct
							nlovcmcnt	Al
						Al 1.9.18	in funds	31 8 I'I
						f	E
Unrestricted General fund		funds				216,308	(114.6761	!01,632
TOTAL	FL".SDS					216.308	(114.676)	101.632

		Incoming	Resources	Slovcnlcnl
		Icsoulccs f	expended	in funds E
Unrestricted	funds
Gcncral fund		1.707,9S9	(1,822,665)	(114,6761
TOTAL FUISDS		1,707,989	(1,822.665)	(114.676)

				Net
				nlovcnlcnl	Al
			Al 1.9.18	in funds	31 8.20
			E		f
Unrestricted		funds
General	fund		216,30R	(64,061)	157,247
TOTAL	FU)sDS		216.308	(64.061)	157,'147

				Incoming	Resources	Resources	I;locenrent
				«escort cs	cspcndcd		in funds
					f		I
I.nrestricted		funds
General	fund			.378."48	(3aa	309)	(64,061)
TOTAL	FINDS		3	378,248	(3,442	309)	(64,06l l

		G G S Khalsa College Lt	d
		Detailed Statement ofFinancial	Activities
		for the 3'car Ended 31August 2020
				3I.R20	31.R I9
				6
1CCO3IE A.iD EhiDOAyhiEWTS
Donations aad legacies Donations				2,31II	7'0
Grants rcccivahle				38.295	48,143
				40,605
Charitable activities
Term fccs				1.598.035	1.624,851
Other income Exam Iec and registration Coach and dinner money Extra-curricular activity				27,585 4,034	0 17v 360 3,641
				31,619	34,273
Total incoming resources				1.670.259	1.707,989
EXPEND)ITVRE
Charitable activities
Staffcosts - wages 8;salaries Statf costs - social securuv				950,307 s5,20n	1,053,607 84,713
Rent k.rates				60,207	37,427
insurance				19,645	19,960
Transport Study malerials k.exam fees Property maintenance and repairs Catering Vtilitics				111,529 115,442 71,990 33,421 21,627	I75,093 146,591 3n,nee 51,131 32,6S4
Other				2.313	839
Donation				75	794
I3ad debts				17,670	29,566
Itnplovelncnts to pfopcrD: Fixtures and fiuings 3iiotor vehicles				35,967 3,884 7,881	47,956 5,1f)I I0,508
Computer equipment				5,173	6,691
				1,342.331	1.73'2,787
Support costs
Advertising Advertising				359	4,047
Governance costs
Telephone Carried fotxvard				17,130 17,130	I4.079 14.079

for the Year En	ded 31 August 2020
	3I,S.20	".).8.I9
Governance costs
Brou ht fonvard	17,130	ll,079
Postage and stationery Accoumancy fees	11,675 2,400	23,036 '.&00
Audit fees	15,660	9.540
Legal tees	6,090	505
Training	13,959	9.986
Bank charges	2,345	2,635
Commission paid	(,200	(.650
Discount expense	6,495
	76,954	S:.S31
Torsi resources expended	1,619.644	I 022 (i65
Set income/(expenditure)	50&615	(I)4,676)