2022-03-31-accounts - GUST Independent School Ltd

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		Pads
Report ofthe Trustcm		1 to3
Indcpeadent Examiner's Report
Statement cfFhlanctel	Actlvtttes
Balance Sheet		6 to	7
Cash Flmr Statetnent
Nates tothe Cash Flow Statement
Notes tothe ptnanctal	Statemeats	10 to	18
DetaUed Statement of	Rnanctat ActNttlcs	19 to	20

						2022	2021
				Umestrictcd	Rcstrictcd	Total	Total
				tbnd	funds	lbnds	fimds
			Notes	8
INCOME	AND ENDOWMENTS FROM
Donations	snd hgscies				1,$74	1,874	2371
Charitable	acttvNes
Tfalalllg				793385		793,385	623,080
Other income			5	70,667		70,667	31,81$
Total				864,052	1,874	865,926	6S7869
EXPENDITURE ON
Charitable	acttvtttes
TmHllng				592.616	2354	595,170	550,701
				117,083		117,083	117337
Total				709,699	2,554	712,253	667,938
NET INCOME/(EXPENDITURE)				154,353	(680)	153,673	(10,669)
RECONCILIATION		OFFUNDS
Total gauds brought		forvrard		394,075	15,872	416,947	420,616
TOTAL FUNDS CARRIED FORWARD				548,428	15,192	563,620	409,947

				2022	2021
		Vmestrieted	Restricted	Total	Total
		fimd	funds	funds	funds
	Notes	E	E	E	E
FIXEDASSETS
Tangible assets	12	254,352		254,3S2
CURRENT ASSETS
Debtom	13	48389		48389	25,151
Cash at bank and in hand		261351	IS,192	276~3	Idtk231
		309,740	15,192	324,932	185,382
CREDITORS
Amounts falling due within one year	14	(IS,664)		(15,664)	(16,719)
NET CURRENT ASSETS		294,076	15,192	309468	168,663
TOTAL ASSETSLESSCURRENT
LIABILITIES		54$,428	15,192	563,620	409847
NET ASSETS		548,428	15,192	S63,620	409,947
FUNDS	15
Unrestricted funds				548,428	394,075
Restricted funds				15,192	15,$72
TOTAL FUNDS				S63,620	409947

		Cash Plow Statement
		fortbe Year Eaded 31March	2022
			2022	2021
Cash Saws boas operating acttvidcs
Cash gcncmtM Sum operations			150,098	13313
Nct cash provided by operating acdvitics			150,098	13313
Cash Saws Som Invtothsg acttvidcs
Purchase oftantp'bie fixed assets			(33,7&6)	(33,879)
Nct cssb used in investing activities			(33,786)	(33,879)
Cbauge la cash and cash etinlvalents	la
tbc reporting period Cash and cash equlvahmts at the			I16312	(20,666)
beginning ofthe rcpordng period			160,231	180,897
Cash and cash miulvalants at the end	of
tbe reportbsg period			276,543	160,231

RECONCILIATION OFNET INCOME/(EXPENDITURE) T OPERATING ACTIVITIES	O NET CASH	F143WFROM
		2022	2021
		6	6
Net income/(expendltnre) fortbe rcporgng period (as per the Statcsncat ofFlnencbd Acth/Ides)		153,673	(10,669)
At()nstsnents for: Deptoctsdoa charges Loss on disposal offixed assets lncteasc ia dcbtois (Decrease)/inctesse in cseditots		18,749 IP59 (23238) (1,055)	14,019 (2,654) 12517
Net cash provided by epcratleas		150,098	13313
ANALYSIS OFCHANGES IN NET FUNDS
	At 1.4.21	Cash Sow	At31.3.22
	I	6
Net cash
Cash atbeak and in hand	160,231	116,312	276Pl3
	160,231	116,312	276443
Total	160,231	116,312	276443

INCOM	E FROM CI	IAIIITAELB ACTIVITIES
			2022	2021
		Activity	E	E
Training	thea	Tfalllillg	793,385	623,080

2022	2021
E	E
70,667	31,818
70,667	31,818

CHARITABLE ACTI	VITIES COSTS
Training		2022	2021
		E	E
Statfcosts		487,663	430,653
Worhsbop costs Learners fees		6,862 3,035	3,610 ~I
Learner rewards		9,215	4,828
Trainhtg resmuces		476	6311
Leisure acgvitics		8,022	2,052
Prcmiscs cosm		46,776	74,195
Learner trausprm		5,910	6,066
Catering expcnsm		6,520	6,766
I3eprecialion		18,749	14,019
Loss on udc ofnmgihle	fixed asset	),969
		595,197	550,701

2022	2021f
37,067	$7,$10
64,165	47,66$
1$,851	12,062
117,083	117,237

			2022 f	2021f
Indcpcndcnt	examination	fcc	2,000	2,000
Bsnh charges			320	306
Other legal and pmfessional			13,531	9,756
			15,851	12,062

		2022f	2021 f
Depreciation	- owned assets	18,749	14,019
Degcit on disposal offixed asset
lndcpendcnt	examination fec		2,000

				2022f	2021 f
Wages snd	salndcs			465,545	434,901
Social socurity				37,446	34,089
Pension costs				9,230	9,125
				51~21	47&,115
Thc average	monthly	number ofemployees	during the year wss as follown
				2022	2021
Chsrinddc objectives				13	12
Mmmgcment	mrd administration			1	1
Scmional workers				2	2
				16	15

, totalkd 6157,630(2021:8161,669).	, totalkd 6157,630(2021:8161,669).	, totalkd 6157,630(2021:8161,669).		,
COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		fimd	funds	funds
			6	6
INCOME	AND ENDOWMENTS FROM
Donations	snd legacies		2,371	2,371
Charitable	activities
Training		623,080		623,080
Other income		31,818		31,818
Total		654,898	2,371	657369
EXPENDITURE ON
Charitable	activities
Tra™ng		547,462	3339	550,701
Other		117437		117,237
Total		664,699	3N9	667,938
NET INCOME/(EXPENDITURE)		(9,80i)	(868)	(10,669)

	Notes to the Ftnandal Statements - continued for tbe Year Ended 31 March 2022	Notes to the Ftnandal Statements - continued for tbe Year Ended 31 March 2022	Notes to the Ftnandal Statements - continued for tbe Year Ended 31 March 2022	Notes to the Ftnandal Statements - continued for tbe Year Ended 31 March 2022	Notes to the Ftnandal Statements - continued for tbe Year Ended 31 March 2022	Notes to the Ftnandal Statements - continued for tbe Year Ended 31 March 2022
II.	COMPARATIVES FORTlig STATEMENT OF FINANCIAL ACTIVITIES -congnued Unreehicted Rcstrictcd						Total
					fund	funds	funds
					6	6	6
	RECONCILIATION OFFUNDS
	Total feeds brought fortrard				403,876	16,740	420,616
	TOTAL FUNDS CARRIED FORWARD				394,075	15,872	409 947
12,	TANGIBLE	FIXEDASSETS
				Improvements
			Freehold	to	Plant and	Motor
			property f	plupcrty 6	machinery f,	vehicles 8	Totals 6
	COST
	At 1 April 2021 Additions		181,964	43,650	57,412 18,486	14,400 15,300	297,426 33,786
	Disposals					(4,000)	(4,000)
	At 31 March	2022	181,964	43,650	75,898	25,700	327/12
	DEPRECIATION
	At 1 April 2021		6,670	6,771	36,365	6,336	56,142
	Charge for year		3,638	4,365	6,426	4,320	18,749
	Eliminated on disposal					(2,031)	(2,031)
	At 31 March	2022	10,308	11,136	42,791	8,625	72,860
	NET BOOK	VALUE
	At 31 March	2022	171,656	32,514	33,107	17,075	254,352
	At 31 March	2021	175,294	36,879	21,047	8,064	241,284
	Ail assets werc used forcharitabl		pmposes.
13.	DEBTORS:	AMOUNTS FALLING DUE WITHIN ONK YEAR
						2022	2021
						6	6
	Trade debtors					45,459	20,715
	Other debtors					1,000	2,500
	Prepayments	and accrued income				1,930	1,936
						48389	25,151

CREDITORS	: AMOUNTS FA	LLING DUE WITHIN ONE	YEAR
				2022	2021
				6	6
Trade creditors Social security	cnd other taxos			1,406 9,876	3373 9~5
Other creditors				2382	1,765
Accmed cspcnses				2,000	2,446
				15,664	16,719
MOVEMENT	IN FUNDS
				Nct
				movement	At
			At 1.4.21	in funds	31.3.22
				6
Uu estrlcted funds
General income	flmd		394,075	154353	548,42$
			15396	(680)	14,716
			476		476
			15,872	(680)	15,192
TOTAL FUNDS			409,947	153,673	563,620
Nct movement	in funds, included	in tbc above are as follows:
					Movement
					in lbnds
					f
Uurcstrictcd funds
General income	fund		$64,052	(709,699)	154,353
Restricted funds
Restricted assets fund				(680)	(680)
Restricted income fled			1,874	(1,874)
			1,874	(2,554)	(680)
TOTAL FUNDS			865,926	(712,253)	153,673

Comparathres for movement In funds
		Nct
		movement	At
	At 1.420	in lbnds	31.3.21 f
Unawstrktcd Itmds
General income fund	403,876	(9,801)	394,075
Restrktcd itmds
Rctcricted stack fund	16,264	(868)	15,396
Restricted income fund	476		476
	16,740	(868)	15,872
TOTAL FUND8	420,616	(10,669)	409,947

Comparative net movement	in thc above are as Follows:
	Incoming	Remurces	Movcmcnt
	rewllfcca 6	cspcndcd f	in lbnds
Unrestricted funds
General income fund	654,898	(664,699)	(9,801)
Restrktsd fuads
Resiricted assets fund		(868)	(868)
Restricted income fund	2,371	(2371)
	2,371	(3,239)	(868)
TOTAL FUNDS	657,269	(667,938)	(10,669)
A current year 12months and prior year 12 months combined position isas follows:
		Nta
		movcmcnt	At
	At 1.4.20	in funds	31.3.22
	f.	6	6
Uare¹trkted funds
General income Ibnd	403,876	144,552	548,428
Rnstl ktcd funds
Restricted assets fund	16,264	(1,548)	14,716
Restricted income ibad	476		476
	16,740	(1,548)	15,192
TOTAL FUNDS	420,616	143,004	563,620

	Incoming	Resouces	Movcmeut
	resources	cxpcnded	in fimds
	6	8	6
Un striated funds
General incomo fimd	1,518,950	(1,374398)	144452
Rcstrtctcd funds
Restrictcd assets fund		(1,548)	(1,548)
Rcshictcd income ibnd	4,245	(4~5)
	4,245	(5,793)	(1,548)
	1,523,195	(1,380,191)	143,004

					2022	2021
						6
Amounts	due	fiom	I	Young	1,000
Amounts	duc	fium	8	Amatt		2,500

	GUST ladepeadent Scbool	Ltd
	Detailed Statement ofptnanclal	Actlvtges
	for the Year Ended 31 March 2022
			2022	2021
INCOME AND ENDOWMENTS
Donagoas and tcgadcs Donations and gmats			1,874	2,371
Charitable attlvtttes
Training fees			793,385	623,080
			70,667	31,818
Total Incoming resources			865,926	657,269
EXPENDITURE
Charitable activities
Wages snd salaries Social security			440,987 37,446	391,791 30,527
Pension costs			9303	8,335
Wortudtcp costs Lcamers fees			6,862 3,035	3,610 2301
learner rewards			9,215	4,828
Tfaalnlg lesoulccs			476	6311
Leisure activities			8,022	2,052
Premises costs			46,776	74,195
Lerner trsnsptm Catering expmncs Preebold property dcprcciation bnplOVCmenls to property dcpleeiation Plant and scbinery depreciation			5,910 6,520 3,638 4,365 6,426	6,066 6,766 3,638 3,108 4,941
Motor vehicles deplnebtnon			4,320	2332
Losson sale oftangible fixed assets			1,969
			595,170	550,701
Support sects
Staffcosts
Adminisustion salaries			24,558	43,]10
Social security				3,562
Pension costs				790
Stafftraining end welfare			12,509	10,048
			37,067	57,510
General
Motor cxpenscs			IS,037	13,239
Travel snd subsistcncc			1,683	101
Tclcphonc			6,402	6,837
Cerned forward			23,122	20,177

		Iletaged Statement of forthe Year Eaded	Ignaactal ActlvNes 31March 2022
			2022	2021
			E	6
General
Bmught grrmud Stationary aud postage			23,1223'	20,177 2,749
Intcmet and	ITcosts		12381	?„924
Insurance			10,907	10,134
Soudry expenses			9,066	9,838
Entertaining			$,402	1,843
			64,165	47,665
Geecrlmuce
Independent	examination	fee	2,000	2,000
Bank charges			320	306
Other legal snd pmfcssionai			13,531	9,756
			15,851	12,062
Total reswaces	expended		712253	667rt38
Net lacsmatI	xpendttare)		153,673	(10,669)