|||Page||
|---|---|---|---|
|Report oftbe Trostees|1|to|3|
|Independent<br>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|





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||||||||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|





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|||||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<br>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<br>funds||||597,795|548,428|
|Restricted funds||||14,656|15,192|
|TOTALFUNDS||||612,451|563,620|





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||||||Cash Flow Statement|||
|---|---|---|---|---|---|---|---|
|||||for tbe|Year Ended 31March|2023||
|||||||2023|2022|
|||||Notes||f.||
|Cash flows from operating|||activities|||||
|Cash generated<br>&em|operations|||||73,271|150,098|
|Net cash provided by|operating<br>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<br>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<br>period||||||271,971|276,543|





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|||||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|





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



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



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|CHARITABLE ACITVITIES COSTS|||
|---|---|---|
|Training|2023f|2022f|
|Staffcosts|619,890|487,636|
|Workshop costs|6,684|6,862|
|Learners<br>fees|6,925|3,035|
|Learner rewards|10,304|9,215|
|Traunng<br>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|





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|Support costs|2023<br>f|2022<br>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|



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|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<br>objectives|||16|13|
|Management<br>and administration|||1|1|
|Sessional workers|||2|2|
||||19|16|



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|||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|





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||||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<br>f|property<br>f|machinery|vehicles<br>f|Totals<br>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<br>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<br>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|





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|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<br>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<br>in funds, included|in the above are as follows:||||
|||incoming|Resources|Movement|
|||resources<br>f|expended<br>f|in funds<br>f|
|Unrestricted<br>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|





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||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.4.21|in funds|31.3.22|
|||||f|
|Unrestricted<br>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<br>net movement|in fimds, included|in the above are as follows:|||
|||Incoming|Resources|Movement|
|||resources<br>f|expended<br>f|in funds|
|Unrestricted<br>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<br>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|





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||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended<br>f|in funds<br>f|
|Unrestricted<br>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|



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|||||2023|2022|
|---|---|---|---|---|---|
||||||f|
|Amounts|due|fiom|Trustees||1,000|





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|||Detailed Statement ofFinancial Activities|||
|---|---|---|---|---|
|||for tbe Year Ended 31March 2023|||
||||2023|2022|
||||f|f|
|INCOME AND|ENDOWMENTS||||
|Donations<br>and legacies|||||
|Donations<br>and grants|||1,200|1,874|
|Charitable<br>activities|||||
|Training fees|||883,646|793,385|
|Other income|||||
|Other income|||11,218|70,667|
|Total incoming|resources||896,064|865,926|
|EXPENDITURE|||||
|Charitable<br>activities|||||
|Wages and salaries|||544,842|440,987|
|Social security|||50,106|37,446|
|Pension costs|||24,942|9,203|
|Wortrshop<br>costs|||6,684|6,862|
|Learners fees|||6,925|3,035|
|Learner<br>rewards|||10,304|9,215|
|Training resources||||476|
|Leisure activities|||12,574|8,022|
|Premises costs|||40,245|46,776|
|Learner<br>transport|||7,834|5,910|
|Catering expenses|||9,046|6,520|
|Depreciation oftangible fixed assets|||29,132|18,749|
|(Profit)/Loss<br>on|sale oftangible fixed|assets|(180)|1,969|
||||742,454|595,170|
|Support costs|||||
|Staffcosts|||||
|Administration|salaries||11,125|24,558|
|Stafftraining<br>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<br>and|postage||4,865|3,287|
|internet<br>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|





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||||GUST independent<br>Scbool Ltd|||
|---|---|---|---|---|---|
||||Detailed Statement ofFinancial Activities|||
||||for tbe Year Ended 31March 2023|||
|||||2023f|2022<br>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|