2023-03-31-accounts - GUST Independent School Ltd

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		Page
Report oftbe Trostees	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 tbe Financial Statements	10	to	18
Detailed Statement ofFinancial Activities	19	to	20

							2023	2022
					Unrestricted	Restricted	Total	Total
					fund	funds	funds	funds
				Notes	f	8		f
INCOME	AND ENDOWMENTS FROM
Donations	and legacies					1,200	1,200	1,874
Charitable	activities			4
Training					883,646		883,646	793,385
Other income				5	11,218		11,218	70,667
Total					894,864	1,200	896,064	865,926
EXPENDITURE		ON
Raising funds
Charitable	activities			6
Training					740,718	1,736	742,454	595,170
					104,779		104,779	117,083
Total					845,497	1,736	847,233	712,253
NET INCOME/(EXPENDITURE)					49,367	(536)	48,831	153,673
RECONCILIATION			OF FUNDS
Total funds	brought	forward			548,428	15,192	563,620	409,947
TOTAL FUNDS CARRIED FORWARD					597,795	14,656	612,451	563,620

				2023	2022
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes	f.	f	f	f
FIXEDASSETS
Tangible assets	12	301,064	2,179	303,243	254,352
CURRENT ASSETS
Debtors	13	62,427		62,427	48,389
Cash at bank and in hand		259,494	12,477	271,971	276,543
		321,921	12,477	334,398	324,932
CREDITORS
Amounts falling due within one year	14	(25,190)		(25,190)	(15,664)
NET CURRENT ASSETS		296,731	12,477	309,208	309368
TOTAL ASSETSLESSCURRENT
LIABILITIES		597,795	14,656	612,451	563,620
NET ASSETS		597,795	14,656	612,451	563,620
FUNDS	15
Unrestricted funds				597,795	548,428
Restricted funds				14,656	15,192
TOTALFUNDS				612,451	563,620

					Cash Flow Statement
				for tbe	Year Ended 31March	2023
						2023	2022
				Notes		f.
Cash flows from operating			activities
Cash generated &em	operations					73,271	150,098
Net cash provided by	operating activities					73,271	150,098
Cash flows from investing			activities
Purchase oftangible	fixed	assets				(78,043)	(33,786)
Saleoftangible fixed	amets					200
Net cash used in investing		activities				(77,843)	(33,786)
Change in cash and	cash	equivalents		in
tbe reporting period						(4,572)	116,312
Cash and cash equivalents			at tbe
beginning ofthe reporting			period			276,543	160,231
Cash and cash equivalents			at tbe end	of
the reporting period						271,971	276,543

				2023	2022
					f
Net income	for the	reporting	period (as per tbe Statement of Finaacial
Activities)				48,831	153,673
Adjustments	for:
Depreciation	charges			29,132	18,749
(Profit)/loss	on disposal offixed assets			(180)	1,969
Increase in debtors				(14,038)	(23,238)
Increase/(decrease)		in creditors		9,526	(1,055)
Net cash provided		by operations		73,271	150,098
ANALYSIS	OF CHANGES		IN NET FUNDS

ANALYSIS OF CHANGES IN NET FUND	S
	At 1.4.22	Cash flow	At 31.3.23
		f	f
Net cash
Cash at bank and in hand	276,543	(4,572)	271,971
	276,543	(4,572)	271,971
Total	276,543	(4,572)	271,971

			2023	2022
		Activity		f
Training	fees	Tnunnlg	883,646	793,385

2023	2022
f	f
11318	70,667
11,218	70,667

CHARITABLE ACITVITIES COSTS
Training	2023f	2022f
Staffcosts	619,890	487,636
Workshop costs	6,684	6,862
Learners fees	6,925	3,035
Learner rewards	10,304	9,215
Traunng resources		476
Leisure activities	12,574	8,022
Premises costs	40,245	46,776
Learner transport	7,834	5,910
Catering expenses	9,046	6,520
Depreciation	29,132	18,749
Loss on sale oftangible fixed asset	(180)	1,969
	742,454	595,170

Support costs	2023 f	2022 f
Staffcosts	22,077	37,067
General	70,091	64,165
Governance	12,611	15,851
	104,779	117,083

Governance	costs		2023	2022
			f
Independent	examination	fee	2,000	2,000
Bank charges			332	320
Other legal and professional			10,279	13,531
			12,611	15,851
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
			2023	2022
				f
Depreciation	- owned assets		29,132	18,749
Independent	examination	fee	2,000	2,000

STAFF COSTS
			2023	2022
			f
Wages and salaries			555,967	465,545
Social security			50,106	37,446
Pension costs			24,942	9,230
			631,015	512,221
The average monthly	number ofemployees	during the year was as follows:
			2023	2022
Charitable objectives			16	13
Management and administration			1	1
Sessional workers			2	2
			19	16

		Unrestricted	Restricted	Total
		fund	funds	funds
			f
INCOME	AND ENDOWMENTS FROM
Donations	and legacies		1,874	1,874
Charitable	activities
Training		793,385		793,385
Other income		70,667		70,667
Total		864,052	1,874	865,926
EXPENDITURE ON
Charitable	activities
Tmimng		592,616	2,554	595,170
Other		117,083		117,083
Total		709,699	2,554	712,253
NET INCOME/(EXPENDITURE)		154,353	(680)	153,673

			for the Year Ended 31March 2	for the Year Ended 31March 2	for the Year Ended 31March 2	023	023
11.	COMPARATIVES		FOR THE STATEMENT OF FINANCIAL			ACTIVITIES -continued
						Unrestricted	Restricted	Total
						fund	funds	funds
						f	f	f
	RECONCILIATION			OF FUNDS
	Total funds brought		forward			394,075	15,872	409,947
	TOTAL FUNDS CARRIED FORWARD					548,428	15,192	563,620
12.	TANGIBLE	FIXEDASSETS
					Improvements
				Freehold	to	Plant and	Motor
				property f	property f	machinery	vehicles f	Totals f
	COST
	At 1 April 2022			181,964	43,650	75,898	25,700	327,212
	Additions				21,490	30,803	25,750	78,043
	Disposals					(246)		(246)
	At 31 March	2023		181,964	65,140	106,455	51,450	405,009
	DEPRECIATION
	At 1 April 2022			10,308	11,136	42,791	8,625	72,860
	Charge for year			3,638	5,129	10,783	9,582	29,132
	Eliminated on disposal					(226)		(226)
	At 31 March	2023		13,946	16,265	53,348	18,207	101,766
	NET BOOK	VALUE
	At 31 March	2023		168,018	48,875	53,107	33,243	303,243
	At 31 March	2022		171,656	32,514	33,107	17,075	254,352
13.	DEBTORS:	AMOUNTS FALLING DUE WITHIN ONK YEAR
							2023	2022
							6	f
	Trade debtors						59,210	45,459
	Other debtors							1,000
	Prepayments	and accrued income					3,217	1,930
							62,427	48,389

CREDITORS: AMOUNTS FA	LLING DUE WITHIN ONE	YEAR
			2023	2022
				f
Trade creditors			5,611	1,406
Social security and other taxes			10,670	9,876
Other creditors			6,909	2,382
Accrued expenses			2,000	2,000
			25,190	15,664
MOVEMENT IN FUNDS
			Net
			movement	At
		At 1.4.22	in funds	31.3.23
Unrestricted funds
General income fund		548,428	49,367	597,795
Restricted funds
Restricted assets fund		14,716	(536)	14,180
Restricted income fund		476		476
		15,192	(536)	14,656
TOTALFUNDS		563,620	48,831	612,451
Net movement in funds, included	in the above are as follows:
		incoming	Resources	Movement
		resources f	expended f	in funds f
Unrestricted funds
General income fund		894,864	(845,497)	49,367
Restricted funds
Restricted assets fund			(536)	(536)
Restricted income fund		1,200	(1,200)
		1,200	(1,736)	(536)
TOTALFUNDS		896,064	(847,233)	48,831

			Net
			movement	At
		At 1.4.21	in funds	31.3.22
				f
Unrestricted fuads
General income fund		394,075	154,353	548,428
Restricted funds
Restricted assets fund		15,396	(680)	14,716
Restricted income fund		476		476
		15,872	(680)	15,192
TOTAL FUNDS		409,947	153,673	563,620
Comparative net movement	in fimds, included	in the above are as follows:
		Incoming	Resources	Movement
		resources f	expended f	in funds
Unrestricted funds
General income fund		864,052	(709,699)	154,353
Restricted funds
Restricted assets fund			(680)	(680)
Reslricted income fund		1,874	(1,874)
		1,874	(2,554)	(680)
TOTALFUNDS		865,926	(712,253)	153,673

		Net
		movement	At
	At 1.4.21	in funds	31.3.23
		f
Unrestricted funds
General income fund	394,075	203,720	597,795
Restricted funds
Restricted assets fund	15,396	(1,216)	14,180
Restricted income fund	476		476
	15,872	(1,216)	14,656
TOTAL FUNDS	409,947	202,504	612,451

	Incoming	Resources	Movement
	resources	expended f	in funds f
Unrestricted fands
General income fund	1,758,916	(1,555,196)	203,720
Restricted funds
Restricted assets fund		(1,216)	(1,216)
Restricted income fund	3,074	(3,074)
	3,074	(4,290)	(I316)
TOTAL FUNDS	1,761,990	(1,559,486)	202,504

				2023	2022
					f
Amounts	due	fiom	Trustees		1,000

		Detailed Statement ofFinancial Activities
		for tbe Year Ended 31March 2023
			2023	2022
			f	f
INCOME AND	ENDOWMENTS
Donations and legacies
Donations and grants			1,200	1,874
Charitable activities
Training fees			883,646	793,385
Other income
Other income			11,218	70,667
Total incoming	resources		896,064	865,926
EXPENDITURE
Charitable activities
Wages and salaries			544,842	440,987
Social security			50,106	37,446
Pension costs			24,942	9,203
Wortrshop costs			6,684	6,862
Learners fees			6,925	3,035
Learner rewards			10,304	9,215
Training resources				476
Leisure activities			12,574	8,022
Premises costs			40,245	46,776
Learner transport			7,834	5,910
Catering expenses			9,046	6,520
Depreciation oftangible fixed assets			29,132	18,749
(Profit)/Loss on	sale oftangible fixed	assets	(180)	1,969
			742,454	595,170
Support costs
Staffcosts
Administration	salaries		11,125	24,558
Stafftraining and welfare			10,952	12,509
			22,077	37,067
General
Motor expenses			22,165	15,037
Travel and subsistence			1,534	1,683
Telephone			7,881	6,402
Stationery and	postage		4,865	3,287
internet and ITcosts			12,746	12,381
Insurance			9,889	10,907
Sundry expenses			7,678	9,066
Entertaining			3,333	5,402
			70,091	64,165

			GUST independent Scbool Ltd
			Detailed Statement ofFinancial Activities
			for tbe Year Ended 31March 2023
				2023f	2022 8
General
Governance
Independent	examination	fee		2,000	2,000
Bank charges				332	320
Other legal and professional				10,279	13,531
				12,611	15,851
Total resources	expended			847,233	712,253
Net income				48,831	153,673