2021-08-31-accounts - G G S Khalsa College

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	Page	Page
Report ofthe Trustees		to	3
Report ofthe Independent Auditors	4	to	5
Statement ofFinancial Activities
Statement ofFinancial Position
Notes to thc Financial Statements	8	to	13
Detailed Statement of Financial Activities	14	to	15

			6G S Khalsa	College Ltd
			Notes to thc Phtancial	Statements	- cotttlnucd
			for thc Year Ended 31August		2021
	DONATIONS	AND LEGACIES					3L8.2I		31.8.20
	Donations Grants reccivablc						25 134354		2,310 3829S
							134379		4tl 605
	Grants received, included		in the above, are as follows:
							31821		31820
	Other grants						~134 354		38395
3.	INCOME FROM CHARITABLE ACTIVITIES						31.$.21		3I.8.20
							Charitable		Total
							activities	.	activities
							1 '726 096		~159i~035
4,„'	OTHER INCOME						31.821		31,820
	Exam ke and registration						16,790 ~I'2~79		27,585 1 4034
	Extra-curricular activity
							15+11		31619
5.	CHARITABLE ACTWITKS COSTS						Support
						Direct	costs (see
						Costs	note 6)		Totals
						f,
					1	491095	~253 078		~l744~173
	Charitable	activities

SUPPORT COSTS
			Governance
		Advertising	costs	Totals
Charitable activities		1254	251 824	253 078
NET INCOMR/(EXPKiNDITURE)
Net incotne/(expenditure)	is stated aller charging/(crediting);
			31.8.21	31.8.20
				E
Depreciation - owned assets			39679	32905

			M.$21	31.8.20
Wages and saiarics Social security casts			N107t0l ~70 66	950/07 85,200
			~1040 27	103S,S07
The average monthly	number ofetuplayecs	during the year was as follows:
			3I,8,21	3I.8.20
			47	S4

10.	TANG18LE FIXEDASSETS huproveinents to property	TANG18LE FIXEDASSETS huproveinents to property	I'ixtures aud fittings	Motor vehicles	Coinputer erlulpllEcut	Totals
	COST
	At. 1 Septen&ber 2020 and 31 August 2021	509336	84 541	122 410	89460	805 '755
	DEPRECIATION At 1 September 2020 Charge for year	401,433 26 975	729892 ~2913	989775 5911	73,942 3880	6)47,042 39679
	At 31 August 2021	428 408		104686		686721
	NETBOOK VALUE At31 August2021	Il 928	8736	17 732	11638	~119034
	At31Auy,tst 2020	107903	ll 649	23,643	15 51&	1
11.	DEIiTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR				31.L21	31.8.20
					~49 4	~46 625
	Other debtors
12,	CREDITOSS: AMOUNTS FALLING DUE WITHIN ONE YEAR				31.8.21	31.820
						E
					48/99	]27205
	Social security and other taxes Other creditors				13,007 143 '721	83,IR9 26858
	Accruals and deferred	income
					20 027	237 52
	MOVEMENT IN ItUNDS				Net
					nloveluent	At
				At 1.9.20	iu funds	3L821
	Unrestricted funtls General f'uud			152$,47	131,813	284,060
	'fOTAI IrUMN			152247	~15l 813.	~284 060

Net movetnent	in funds, in	cl	ude	d in tl)e above are as follows:
					Incoln Ulg	sources	Movement
					resources	expended E	hl funds f
Unrestricted General fund	funds				1,875,986	(19744917&)	131,8l9
TOTAL FUNDS					16759116	~574~4775)
Comparativcs	1'or ntovement			in funds
						Net
						movement	At
					At 1.9.19	in finds	31.8.20
					f		E
Unrestricted	funtls
General fond					101,632	50,615	152,247
TOTAL FUNDS					101632	50,615	152,247
Comparative	net movement		in	funds, inch)ded in the above are	as follows:
					InCOGlillg	1&esources	Movement
					resources	expended	Ul funds
Unrestricted General fund	funds				1,670,259	(1,619,644)	50,6ls
TOTAL FUNDS					1,670259	~1619644)	50.615
A current year 12months		and		prior year 12 months combined	position ls as follows,:
						Net
						movcuEent	At
					At 1.9,19 f	)n lands E	3L821
Unrestricted	funds
General htnd					101,632		2&4,060
TOTAL I44DS					101,632	152,420	204,060


	31.8.21	31.8.20
INCOME AND E&NDO%MRNTS
Donations «'nd legacies Donations		2,310
Grants receivable	134354
	134@79	40605
Charitable activities Term fees	1,726,096	1,598,035
'Other income Exam fee and registration Extra-cumcular activity	16,790 ~12'&9	27,585 4 034
Total Incoming resources	1+75,986	I,670'59
EXPENDIT'URK
Charitable activities
Staff costs - wages &salaries Staff costs - social security Rent &rates	961,761 78,566 72,780	950,307 85,200 60,207
Insurance Transport Study malerials &exam fees Property maintenance and repairs Cateriltg Utilities	26)850 94,756 98,358 41i148 48/97 28,901	19,645 111,529' 115,442 71,990 33,421 21,627
Other		2,313
Donation	99	75
Bad debts		17,670
Improvements to property Fixtures and fittings Motor vehicles	26,975 2)913 5,911	35,967 3,884 7,881
Computer equipment	3«80	5,l73
	1,49&,095	1,542,331
Support costs
Advertising
Advertising
Governance cost»
Telephone Carried forward	13,414	17,130 17',l30