||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|3|
|Independent
Examiner's|Report||||
|Statement ofFinancial Activities|||||
|Balance Sheet||6|to|7|
|Cash Flow Statement|||||
|Notes to the Cash Flow|Statement||||
|Notes to the Financial Statements||10|to|18|
|Detailed Statement ofFinancial Activities||19|to|20|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|funds|funds|funds|
||||Notes||6|||
|INCOME|AND ENDOWMENTS FROM|||||||
|Donations|and legacies||3||2,371|2,371|8,219|
|Charitable|activities||4|||||
|Training||||623,080||623,080|609,951|
|Other income|||5|31,818||31,818|864|
|Total||||654,898|2,371|657,269|619,034|
|EXPENDITURE ON||||||||
|Charitable|activities||6|||||
|Training||||547,462|3,239|550,701|470,792|
|||||117,237||117,237|134,800|
|Total||||664,699|3,239|667,938|605,592|
|NET INCOME/(EXPENDITURE)||||(9,801)|(868)|(10,669)|13,442|
|RECONCILIATION||OF FUNDS||||||
|Total funds brought||fomvard||403,876|16,740|420,616|407,174|
|TOTAL FUNDS CARRIED FORWARD||||~394075|15,872|~409947|420,616|
##
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||31M|arch 2021||||
|---|---|---|---|---|---|
|||||2021|2020|
|||Unrestricted|Restricted|Total|Total|
|||fund|funds|funds|funds|
||Notes|||||
|FIXEDASSETS||||||
|Tangible
assets|12|237,888|3,396|241,284|221,424|
|CURRENT ASSETS||||||
|Debtors|13|25,151||25,151|22,497|
|Cash at bank and in hand||147,755|12,476|160,231|180,897|
|||172,906|12,476|185,382|203,394|
|CREDITORS||||||
|Amounts
falling due within one year|14|(16,719)||(16,719)|(4,202)|
|NET CURRENT ASSETS||156,187|12,476|~168663|~199192|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||394,075|15,872|409,947|420,616|
|NET ASSETS||394,075|15,872|409,947|420,616|
|FUNDS|15|||||
|Unrestricted
funds||||394,075|403,876|
|Restricted funds||||~15 872|16,740|
|TOTAL FUNDS||||409,947|~420 616|
##
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||||Cash Flow Statement|||
|---|---|---|---|---|---|
|||for the|Year Ended 31March|2021||
|||||2021|2020|
|||Notes||||
|Cash flows from operating|activities|||||
|Cash generated
from operations||||~13213|85,128|
|Net cash provided
by operating
activities||||13,213|~85 128|
|Cash flows from investing|activities|||||
|Purchase oftangible
fixed assets||||(33,879)|(195,592)|
|Net cash used in investing|activities|||~33879)|((95,592)|
|Change in cash and cash equivalents||in||||
|the reporting
period||||(20,666)|(110,464)|
|Cash and cash equivalents|at the|||||
|beginning ofthe reporting|period|||180,897|~291 361|
|Cash and cash equivalents|at the end|of||||
|the reporting
period||||160,231|180,897|
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|OPERATING AC|TIVI|TIES||||
|---|---|---|---|---|---|
|||||2021|2020|
|Net (expenditure)/income||for the reportiag|period (as per the|||
|Statemeat ofFinancial||Activities)||(10,669)|13,442|
|Adjustmeuts
for:||||||
|Depreciation
charges||||14,019|10,382|
|Loss on disposal of|fixed|assets|||3,299|
|(Increase)/decrease|in debtors|||(2,654)|57,344|
|Increase in creditors||||12,517|661|
|Net cash provided|by operations|||13,213|85,128|
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|ANALYSIS OF CHANGES IN NET FUND|S|||
|---|---|---|---|
||At 1.4.20|Cash flow|At 31.3.21|
||6|f||
|Net cash||||
|Cash at bank and in hand|~180897|~20,666)|160,231|
||180,897|20,666|160,231|
|Total|~180897|~20,666)|160,231|
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||||2021|2020|
|---|---|---|---|---|
|||Activity||f.|
|Training|fees|Training|623,080|609,951|
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|||2021|2020|
|---|---|---|---|
||||8|
|Government|grants|31,818||
|Bank interest|received||864|
|||31,818|864|
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|CHARI|TABLE ACTIVITIES COSTS|||
|---|---|---|---|
|Training||2021|2020|
|Staffcosts||430,653|367,030|
|Workshop costs||3,610|3,241|
|Learner's
fees||2,201|8,385|
|Learner|rewards|4,828|4,424|
|Training|resources|6,311|6,313|
|Leisure|activities|2,052|6,413|
|Premises|costs|74,195|46,264|
|Learner|transport|6,066|8,314|
|Catering|expenses|6,766|6,727|
|Depreciation||14,019|10,382|
|Loss on|sale oftangible fixed assets||3,299|
|||550,701|~470 792|
##
|2021|2020|
|---|---|
||8|
|57,510|71,774|
|47,665|46,215|
|12,062|~16 811|
|117,237|~134800|
|Governance|costs||2021|2020|
|---|---|---|---|---|
|Independent|examination|fee|2,000|2,000|
|Bank charges|||306|347|
|Other legal and professional|||9,756|14,464|
||||12,062|16,811|
##
|||2021|2020|
|---|---|---|---|
|Depreciation|- owned assets|14,019|10,382|
|Deficit on disposal offixed asset|||3,299|
|Independent|exainination
fee|2,000|2,000|
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|||||2021|2020|
|---|---|---|---|---|---|
|||||f||
|Wages and salaries
Social security
Pension costs||||434,901
34,089
9,125|384,834
30,891
8,123|
|||||478 115|423,848|
|The average monthly|number ofemployees|during|the year was as follows:|||
|Charitable
objectives||||2021
12|2020
11|
|Management
and administration
Sessional workers||||1
2|2
2|
|||||15|15|
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|COMPAR|ATIVES FOR THE ST|ATEMENT OF FI|NANCIAL ACTIVITIES|||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||fund|funds|funds|
|INCOME|AND ENDOWMENTS|FROM||||
|Donations|and legacies||771|7,448|8,219|
|Charitable|activities|||||
|Training|||609,951||609,951|
|Other income|||||864|
|Total|||611,586|7,448|619,034|
|EXPENDITURE ON||||||
|Charitable|activities|||||
|Training|||429,535|41,257|470,792|
|Other|||134,800||134,800|
|Total|||564,335|41,257|605,592|
|NET INCOME/(EXPENDITURE)|||47,251|(33,809)|13,442|
##
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||for the Year Ended 31March 2|for the Year Ended 31March 2|for the Year Ended 31March 2|for the Year Ended 31March 2|for the Year Ended 31March 2|021|||
|---|---|---|---|---|---|---|---|---|
|11.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL|||||ACTIVITIES|- continued||
|||||||Unrestricted|Restricted|Total|
|||||||fund|funds|funds|
||RECONCILIATION||OF FUNDS||||||
||Total funds brought||forward|||356,625|50,549|407,174|
||TOTAL FUNDS CARRIED FORWARD|||||~403 876|16,740|420,616|
|12.|TANGIBLE|FIXEDASSETS|||||||
||||||Improvements||||
|||||Freehold|to|Plant and|Motor||
|||||property|property|machinery|vehicles|Totals|
|||||8|E||||
||COST||||||||
||At 1 April 2020|||181,964|28,560|45,023|8,000|263,547|
||Additions||||15,090|12,389|6,400|33,879|
||At 31 March|2021||181,964|43,650|57,412|~14 400|297426|
||DEPRECIATION||||||||
||At I April 2020|||3,032|3,663|31,424|4,004|42,123|
||Charge for year|||3,638|3,108|4,941|2,332|14,019|
||At 31March|2021||6,670|6,771|36,365|6,336|56,142|
||NET BOOK|VALUE|||||||
||At 31 March|2021||175294|36,879|21,047|~8064|241,284|
||At 31 March|2020||178,932|24,897|13,599|3,996|221,424|
||All assets were used for charitable|||purposes.|||||
|13.|DEBTORSr|AMOUNTS FALLING DUE WITHIN ONE YEAR|||||||
||||||||2021|2020|
||Trade debtors||||||20,715|16,260|
||Other debtors||||||2,500|4,060|
||Prepaymeots|and accrued income|||||1,936|2,177|
||||||||25,151|22,497|
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|CREDITORS: AMOUNTS FA|LLING DUE WITHIN ONE|YEAR|||
|---|---|---|---|---|
||||2021|2020|
|||||f.|
|Trade creditors|||3,273|468|
|Social security and other taxes|||9,235||
|Other creditors|||1,765|1,666|
|Accrued expenses|||2,446|2,068|
||||16,719|4,202|
|MOVEMENT IN FUNDS|||||
||||Net||
||||movement|At|
|||At 1.4.20|in funds|31.3.21|
||||f.||
|Unrestricted
funds|||||
|General income fund||403,876|(9,801)|394,075|
|Restricted funds|||||
|Restricted assets fund||16,264|(868)|15,396|
|Restricted income fund||476||476|
|||16740|(868)|15,872|
|TOTAL FUNDS||420,616|~10,669)|409,947|
|Net movement
in funds, included|in the above are as follows:||||
|||Incoming|Resources|Movement|
|||resources|expended
f|in funds|
|Unrestricted
funds|||||
|General income fund||654,898|(664,699)|(9,801)|
|Restricted funds|||||
|Restricted assets fund
Restricted incotne fund||2,371|(868)
~2,371)|(868)|
|||2,371|~3,239)|~868)|
|TOTAL FUNDS||657,269|~667,938)|~10,669)|
##
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|Comparatives
for movem|ent
in funds||||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.4.19|in funds|funds|31.3.20|
|Unrestricted
funds|||||||
|General income fund|||356,625|47,251||403,876|
|Restricted funds|||||||
|Restricted assets fund|||16,839|4,819|(5,394)|16,264|
|Restricted income fund|||33,710|~38,628|5,394|476|
||||50,549|~33,809||16,740|
|TOTAL FUNDS|||~407 174|13,442||420,616|
|Comparative
net movement|in funds, included|in the above are as follows:|||||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|||||f.|||
|Unrestricted
funds|||||||
|General income fund||||611,586|(564,335)|47,251|
|Restricted funds|||||||
|Restricted assets fund||||6,448|(1,629)|4,819|
|Restricted income fund||||1,000|~39,628)|~38,628)|
|||||7,448|~41,257)|33,809|
|TOTAL FUNDS||||619,034|~605,592|13,442|
|A current year 12months|and prior year 12months||combined position is as follows:||||
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.4.19|in funds|funds|31.3.21|
|Unrestricted
funds|||||||
|General income fund|||356,625|37,450||394,075|
|Restricted funds|||||||
|Restricted assets fund|||16,839|3,951|(5,394)|15,396|
|Restricted income fund|||33,710|~38,628)|5,394|476|
||||50,549|34,677||15,872|
|TOTAL FUNDS|||407,174|2,773||409,947|
##
##
##
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds
f|
|Unrestricted
funds||||
|General
income
fund|1,266,484|(1,229,034)|37,450|
|Restricted funds||||
|Restricted assets fund
Restricted income fund|6,448
~3371|(2,497)
~41,999|3,951
~38,628)|
||~9819|~44,496|~34,677|
|TOTAL FUNDS|1,276,303|(1~273530|2,773|
##
|||||2021||2020|
|---|---|---|---|---|---|---|
||||||f||
|Amounts|due|from|trustees|2,200||3,500|
##
||||GUST Independent
School Ltd|||
|---|---|---|---|---|---|
||||Detailed Statement ofFinancial Activities|||
||||for the Year Ended 31March 2021|||
|||||2021|2020|
|INCOME AND ENDOWMENTS||||||
|Donations aad legacies||||||
|Donations
and grants||||2,371|8,219|
|Charitable
activities||||||
|Training fees||||623,080|609,951|
|Other income||||||
|Other income||||31,818|864|
|Total incoming resources||||657,269|619,034|
|EXPENDITURE||||||
|Charitable
activities||||||
|Wages and salaries||||391,791|334,417|
|Social security||||30,527|25,720|
|Pension costs||||8,335|6,893|
|Workshop
costs||||3,610|3,241|
|Learners fees||||2,201|8,385|
|Learner rewards||||4,828|4,424|
|Training resources||||6,311|6,313|
|Leisure activities||||2,052|6,413|
|Premises costs||||74,195|46,264|
|Learner transport||||6,066|8,314|
|Catering expenses||||6,766|6,727|
|Freehold property|depreciation|||3,638|3,032|
|improvements
to property
depreciation
Plant and machinery
depreciation||||3,108
4,941|2,399
3,619|
|Motor vehicles depreciation||||2,332|1,332|
|Loss on sale oftangible fixed assets|||||3,299|
|||||550,701|470,792|
|Support costs||||||
|Staffcosts||||||
|Administration|salaries|||43,110|50,417|
|Social security||||3,562|5,171|
|Pension costs||||790|1,230|
|Stafftraining
and welfare||||10,048|~14956|
|||||57,510|71,774|
|General||||||
|Motor expenses||||13,239|11,412|
|Travel and subsistence||||101|326|
|Telephone||||6,837|8,739|
|Carried forward||||20,177|20,477|
##
|General||
|---|---|
|Brought forward||
|Stationery
and postage||
|Internet
and ITcosts||
|Insurance||
|Sundry expenses||
|Advertising||
|Entertaining||
|Governance||
|Independent
examination|fee|
|Bank charges||
|Other legal and professional||
|Total resources expended||
|Net (expenditure)/income||
|2021|2020|
|---|---|
|8||
|20,177|20,477|
|2,749|4,902|
|2,924|2,977|
|10,134|9,818|
|9,838|4,638|
||187|
|~1843|~3216|
|47,665|46,215|
|2,000|2,000|
|306|347|
|9,756|14,464|
|~12 062|~16811|
|667,938|605,592|
|~10,669)|13,442|