REGISTERF.D CO%1 qPAN)' NLIMBER: 0*264900 {EnglJnd and Wales)
REGISTERED CHARITY NUMBER: 1108*44
Report of the Tru51ees and
Unaudited Financial Sialemenls
for ihe Ycar Ended 31 ￿larch ?024
for
GUST Independeni School Ltd
(A Compan!. Limited bi Guaryntee)
Clive Oi%'Lii LLP
Chartered Accounian
Kepler Hou5¢
Belii)oni Busini'ss Park.
DURFIAM
DHI I-I-W

C.LIST liidependeni School Lid
Conlcnts ()f the Financial Stalenients
(or the l-¢ar Ended 31 llJrrli ?V?4
Report ofthe Trustees
I 10 i
Ind¢pendeiii Examiner's Reporl
Sialement of Financial Aclii"ilies
Ilalance Sheet
Cash Floi*' Sialement
Notes to the Cash Flo￿ Stalemenl
Nolei ¢1> ihe Financial Sialement5
9 10 17
Detailed Staltment of Financial Aclii ilies
18 10 19

G IIST In(Jependeni School Lid
Rc'pi)rl i)f I he Truslees
lor the l'ear Ended 31 Ilarch 71124
The trusiees I￿110 are also direciors ol- Ihe chariiv t.or Ihe purposes of (he Coiiipaiiies Aci ?006. presenl Iheir repon iih
Ihe finc1ncial Sldieiiienls of the charilN' t-or iliL l'ear ended i l March ryQ?4. Tlie irusiees hai'e iid()pled ilie provisioiis of
AccouiilinLTr and RLPOniiii,
b%" Charili¢s- Siaieiiieiii ot- Recoi)Iiii¢i)d¢d I'raclice applicable 10 charil ies prepariiil Ilieir
ACCI)iJnl4 iji 'ir.ri)rdi?nc.e iviih ilie Fin<1ncial ReportiiiLI
%taiidard applicable iii il)e U K aiid Reiiublic i)I' I I'L.larid (fr RK I O? I
(eflectiv¢ l January ?019).
GUST Independeni School Limiied was fonnallv knoivn as Get U Siarted Training Liiniied.
011.IF.CTIN'F.S.4YD ACTIVITIES
Ohji'clii"c'.5 aii(l aim5
"I"lie priiicipal aili%'ilN of the charilable companK" coniinues to be Ihe proi'ision of educaiion aiid trainiiic) of scliocil agje
childrLn {()-17 yl'ar vf aiyel N%'iih learnin Jsocial:'eii)oiioni11.'beha¥'iourdl dil-liculiies I￿h0 have beei? excluded or are Ill risk
of exclusion troin Inainsrreain education. GLiST ￿Ork'S ii'iih pupils lo iniprove Iheir acadeinic. social. iii()ral and personal
developinenl ivell beii)u in order lo enhance ih¢ir lile chances i%'iiliiii the local and wider coininunilies wilh a view
iowards achievin2 fulure emplovinenl or appreniiceships or further educaiion (Colleuel opportunities.
The broad siralesies of improvins studeni personal developineiii and perloniiance. increasin¥ headcouni and coniinuin¥
lo develop and enhance the overnll pmvision. reniain unclianiyed.
The Inain aims Ot" Ihe charitable coinpanv are=
l. To develup ai)d eiicouraiye persoi)al developmeiil bv sharin2 01-e.Iperieiices over iiiiie i%'iih peers. siall.. parenis.
and Ihe local coininunity.
2. To encouraiFe and einpower pupils 10 affect chani?es in their lil-es11.le choices. bv e.xample froii) oiher learners. slatT
aiid Sliiiable role Inodels.
To LfL'dte opporiuniiies for employmeni. appreniiceships or further educaiion ihrou¥h academic and Vocational
teachingy aiid leaminiy
4. To ulil ise ilie school M IS and sateouarding svslein lo enhance daia colSeciion and reponing.
5. 1.0 coniii)ission seThicL'S of an inde￿nden1 SLhool Iinpn)veiiieni Panner ISIPI lo Inenior and ad%'ise SLT in
mainlainiiiiiliiiiprovinu
Of%t¢d ratinLI.
6. To coinini55ion ser¥ices ol" Educaiion W'ellare Ollicer IEIA'O) Ihrouo
.h Siruciured Learnino Assistance w ith
NonhuI￿berIand Couniv Council lo leL)allv Inanalye pupil aiieiidaiice.
carers
Pii hlii Ileiiefil
TIIL LliiiriliiblL Loinpanv's aims and achievements are sel oul iviihin Ihis repon. The aciiviiies sei oui in ihis repon l)ave
been undert<iken lo further Ihe chariiablL companv's chariiable putposes for the public benefil. The irusiL'es l)ave
coii)plied with the dur!, under Seciioii 4 of Ilie Cliarilies Act )01 I to have due re
lard io public benelil i>uidaiice
published b!, Ihe Charilies Coiiiinission and ihe irusiLes Iiave paid due reuard 10 Ihis guidance in deLidiiigv i4'1)ai aciii. ilies
Ihe chariiable coiiipan!. should undertake.
AC'iiir.I'r.NIF.NT.4.ND PERFORM.4%CF.
Cl)drilablc' acliiilic'5
I"lie i li<ll-il}' lic15 %UCLessfullv impleinenied Ihe enhanced secondaTh' curriculum and introduced a reslorative.jUSlice sN'siem
ror pupi15 wiLh lh¢ IuL(Il (iiid widri Lulllliiuliiiy. li lias dcv¢lop¢d a d¢vtloped an alliance i%'ith NorthumbL-rland School
Games. who provide phvsical education equipmeni for use b!, the pupils.
FINANCIAL REVIEIV
Finaiici&i I i)1)4ilivn
Tlie cl)JrilN % ioial iiicoiiie in il)e )'ear 10 31 March ?0?4 Il'as 195i.Oi_ il'iih a tc)lal eipcndilure ol" £890.4i_) (piving a iier
surplus lor the N'ear 01. £6? $79.
The long ierm developmeni plan lor the School is 10 achieve a balanL¢ beii4een invesiineni back in Ihe Schc)ol bv ￿'aY of
hly skilled personnel. capilal improveinenls. aiid Ihe Inainiainino of surplus io ensure reservLS lor Ilie chariiable
companv.
Pa£e I

C. U.ST In(Jepeii(lenl %chool Lid
Reporl of ihe Truslecs
l(Jr Ihe I'vAr Ended J l .%la rch 2024
INAINCI.4L RE￿.lE￿I.
'I'IIt' LLirreiii rLserN'es ol- £675.0)O. wilh unresiricied re5erve5 Ot £660.800. are in excess of ihe cliariiable coiiipanK s
Polic￿ which aims io keep reserves sulTicient 10 CC)VL'r ihree Inonih% lapproiiniatel%' one ienii) ntniiinu c05tg_ 140ii"ever.
due to uiicertainlv in ihe econoiiiy these fi(Fures w'ill be available io suppon anv fuiure extra expenses. Tliree ii)oiiilis
runninu cosis based on ihe lasi 12 months is £220.000.
FUTURE I'LANS
The plJn% liTrr ?0?4 are to iiiiplemeni siraie¥ies which will provide urowih. These are aoreed upon. al Ilie annual truste¢S
A.G.M l Directors) iiieelinc¥
The diin ol"Ihe scliool is lo inC￿aSe pupil numbers 10 45 in the short iemi and 50 in the Inediuiii teriii.
Principyl Risks and Un¢er¢ainlies
The principal risk and uncerlainlie5 atTectinu ihe charii!, relaie io a iiem. SEMH school openiiil? in Bl¥ili i¥liicl) could
affeci statlingD and pupil nuiiibers. The charii!. plan to increase ihe nuinber ot- pupils ret-erred oui wilh Northuiiiberlaiid
Count). Council aiid adverlise for ieachinii aiid reachinu a55isiani roles.
TIIUCTUIIF., C:()I'ERNANCF. AND %1A%.4C:F.TrIF.YT
eriiiiig di)¢unienl
-I'lie iliaiilablL Ll)iiipaiiv is conirolled bv ils L?overninL docuineni. a deed ol trusl. and consiiiuies a liiiiiled coii)pai)y.
limited bN' uuaraiiiee. as detined by ihL Coinpanies Acl ?006.
GUST was incorpordied as a Companv Liwniled bi, Guardniee on ?Oih Ociober ?O(H.
As a Companv Liiniied bv Guarantee. there is no share capiral. Even, ni¢mber of ihe companv undertakes to contribule
io ihe cls.sels ol- the ¢oinpanN' in the eveni of li bein? i%'ound up li hen lie slie is a iiieiiiber. or i%'iiliiii 01?e l'ear after he:'slie
ceases 10 be a Ineinber. such ainounl as niav be required. noi exceedini.
£ l O for the debis and liabilities contracted b¢lc)re
helslie ceases to be a nieinber. The relevani governinu doLumeni ol- Ilie coinpanv is ihe Meiiioraiiduin and Anicles ol-
Associaiion.
Kecriiilnient And A ppoinlnienl i)( nem irusiees
New iruslees Ina! be appoinled by a resolulion passed at a special nie¢tin¥ of ihe Irustee& or b%. siaiuior¥' poivers.
New Irusiees are reminded of iheir leeal. and other responsibiliiies and are provided wilh an induciion. which includes
laiiiiliarisati(In in ilie laN'oul. operdiions. slatT and siruciure ol- Ihe Scliool in addition to financial. legal and saf¢guardinL
iiiaiiers.
An!, subsequenl IraininL) requirenienis that are hrnijiy
hi t(I Ilie alteiilion of Ihe Board of Irusiees are seriously coiisidered
and depeiid on ihe individual's prior e.xperience and relevance lo Ilie charill's objec11￿e5 and aiiiis.
OrgdniiAtil)11411 51 ructure
Govemors ol- CJIJST are also ihe irusiees of the charilli ble coinpanN'. i¥hich currentlN' comprises eiuhi Ineinbers. ThL
Iruslees ar¢ also appoinied direclors for Ihe purposes of con)pani" laii..
Tlie Irusiees are responsible tor settinu uenerdl polic!. To fullil ihese requireiiienls Ihe Board ol" IrusteLs. coiiiprisini?
to ien iiieiiibers. Ineeis eacli tL'ni) io adininister ihe cliarilable conipanv. Thcl, appoinl a Head ol. Sclic)ol io manaL?e the
dav-to-daw operations ot-lhe charitable coinpan!,.
Th¥ iiiaiiaL)einent and daN 10 daN' ruiininu of ihL' School is delegaied io the Head of School. Jonathan Blower (who is also
a trusiee and direcior) and her senior stafl-.
RF.Ff.Rf.INC-.F. .4N'D.4t)tyllYlSTRATIN'E I)F.T.41LS
RL'#i%lL ri'(1 C £)fiiPdIii li uiii bL r
05•{1491101 F.iiii Iiiiid dild 11 É11es)
R¢¥Jj%li'reiJ ChJ riti. number
I IU8i44
Paiie ?

C-L,ST Independenl School Lid
Reporl ofihe Tru%lee
for ihe l'ear Ended 31 Ilarch 2024
Registered office
l Haldane %trLLI
ASHINGTON
Norihuinberland
NE6J 8SF
Trustt'i's
P A Gallagher
W (iibb
G A C Miller
B Be<1dle
K M Cjibb
S Aii)ait - resigned ?8 April 2023
S Miller
S E Henderson
M E Henderson- appointed I l January ?0?4
Companv Secr¢tar)'
P A Galla.her
I iidependenl Examiner
Siiiiiiii I l()i)k. F CCA
Clive Owen LLP
Chartered Accounianls
Kepler House
Beliiioiil Business Park
DURFIAM
DHI ITW
Bank'ers
Unil 50
Manor W<ilks Shopping Cenire
NE?) ()QP
This rep¢?n h2s heen prepared in accordance wilh Ihe special provisions of Pan 15 of Ihe Companies Act 2006 relaiing
lo sii)all coinpani¢s.
Approved by order ot-the board of Irusiees on ?) Seplember ?0?4 aiid siuned on ils beliaif by:
W Gibb- Truslee

Independenl EAaminer's Reporl lo ihe Truslees of
G I'(*T In(lependenl Sch()<>l Lid
I i)(lependL'iil eiamiiier's ri'i)(Irl lo the Iriislees of G VST I ndepcndeni Si huijl Lid I'il)L Conipitini )
repi)ri 10 il)e Llidril) IrusieLS 011 111) L.iaiiiiiiaiion ul. Llie aiiOLII)1s L)I' Illi L i)Ilil)cl11I' lor IIIL l I. Il)(IL'(l _i l March ?0?4.
Responsibilities ynd basi5 (If reporl
As the cl)arilv'5 Irusiees of ihe Companv (and also its direciors for the purposes of coiiipanN' law) ￿OLl clre responsible for
Ihe preparaiion ol- the accounis in accordance ￿1th the requireiiiL'nis ol- IhL Coi)Ipanies Acl ?006 ('IhL ?006 Act,).
Having saiisfied myself thai Ihe accounis of the Coiiipan!, are noi required io be audited under Part 16 ot" Ihe ?006 Act
and are el iiFible for iiidependenl examinalion. I repi)rt in respL'Ci Ot- iii!. eiainiiiaiion of l'our cliarilv's c1ccounly carried
i)ul uiider S¢ciion 14) ol- the Chariiies Aci ?0 I I I'ilie ?01 l Acl'l. In cam'inLJ oul iii! eNaniinaliOlI I lia￿e lulloi*ed Ihe
Directions
Jiven b}. Ihe Charil). Coiiiniission under Seclion 14)( i) (b) ol" Ilie ?0 I l Aci.
Independent ei¥miner's slatemeiil
Since VOLkf Ll)arilv's ijross income L.Iceeded £?$0.000 N'our examiner Inusi be a member ot a listed bodN. I cali coi)fini)
Ihal l ain qualilied 10 undertake ihe eiaminaiion becl¢ us¢. l ain a iiieiiiber of Ilie Associarion of Chartered Cenilied
Accouiitanls. i¥hich is ()ne of the listed bodies.
I have cc)InplLled mv exaiiii113Livn. I confinn ihai no iiialters have coine lo m!, attention in coiiiieclion willi Ihe
exaiiiinaiion gjiving nie cause lo believe.
accounlinu records were noi kepi in respect ol. the Compani. as required bN" Seciion i86 of the 7006 Aci- or
the acLounlS do not accord wilh Ihose record5- or
Ihe accounts do not comply wilh Ihe accouniing requirenienis ol" Seclion 396 of ihe ?00(? Aci oiher ilian any
requireinent ihai Ihe accounts gTive a Irue and t-air vieii" ii'hich is noi a iiiaiier considered as pan ot-aii independent
examinaiion. or
(l)e accounis have not been prepared in acccirdance i%'iili Ihe Ineiliods aiid principles of Ihe Sialeiiieiil or
Recoiniiiended Praciice lor accounlinij and reportiiiiy
bl" chariiies (applicable io cliarilies priPc1rinLtr ilieir accounis
iii accordance iih ihe F inaiicial ReyN)niiii) Siaiidard applicable in the U K aiid Republic ol- Irel<111d l FRS I O?)).
I have no cc)ncems and have coiiie acr055 no oiher iiiaiiers in conneciion i¥ lili Ilie ¢xaiMinalioii lo ii'hich attention 51iould
be drawn in Ihis repon in order to enable a proper undgrstanding ol-lhe accounis io be reachLd.
Sinion Hook. FCCA
Tlie Association of Chartered Cenified Accounlants
c11￿c Oii'en LLP
Cli¢l11ered Accounianls
IKepier House
Btliiioiii Bv5111C55 Park
DURHAM
DHI II'W
?5 Sepieinber ?024

GUST Independenl School Lid
4*idlemenl uf Financial .4clii ilies
(Incorpordling Income and Eipvndiluri. Accounl
(or the l i'dr Ended JI IlJrLh ?014
?0?4
Tc)ial
funds
Unreslricied
lund
Resiricled
luiids
luiid5
Noies
INCOME AND EPIDOWMENTS FROM
Doiialions and legacies
Charitable actiN'ilies
946.748
946.748
88).646
Oiher incoine
?.084
?.084
Total
4.?00
95i.Oi2
896.0
F.XPENDITURE ON
Raisiiig luiids
Charitable aclil'ilies
Training
766.769
771,i9i
74?.4 14
Oiher
119.Oi8
119.058
104.779
Total
88i.817
4.6?6
890.453
ET INCOMEIIEXPENI)ITUREI
6i.00
(4?6}
48.8i I
RECONCILIATION OF FUNDS
l-()ial tLind5 br()uiihi f()rn¥ard
597.79)
14.6)6
61?.451
56j.6?0
TOTAL FUNDS CARRIED FORWARD
660.800
675.0)0
612.4il
The noies lomi part of ihese financial 51aieiMents

C.LST Independent School Lid
Balance S"heel
31 March ?11?4
?0)4
Tc)ial
funds
Unrestricied
Resrricied
ruiids
T()1411
tuiids
Noies
FIXF.D ASiSETS
T ible <i%seis
.7)7
J14.647
iOJ.24J
C.L:RRF.NT ASSETS
Dibioi'5
C%isli ai bank and in liand
6i.791
i06.811
6).791
j19.184
6?.4?7
?71.971
1?.47)
i70.60?
i8i.07i
ii4.i98
CREDIT()RS
due K¥iihin one year
14
(??.69?)
{27.692)
(?5.190)
E I CUKKLf4"1 ASSF.T6i
i47.910
J60.i8J
?09.?08
TCITAL A5SF.TSi LESS CURRF.NT
LIAIIILITIE
660.800
67.5.OiO
61?451
NET ASSET.S
660.800
67S.OiO
617.4jl
Fll Y l)S
li i)rLsiricled funds
Kesiricled t-unds
660.800
97.7l)i
14.656
TUTAL FUP*l)S
675.uiu
The chariiable coiiipanv is eniiiled lo exempiion froin audit under Seciion 477 of ihe Compaiiies Aci ?006 lor the year
ended i l Marcli ?0?4.
Tl)e iiicinb¢r5 havc not required ihe companl to obtain an audit of ils financial stateinenrs for ihe year elided
J l March ?0?4 in accordance wilh Section 476 of Ihe Coiiipanies Aci ?006.
The Irusiees acknowledge Iheir responsibilities for
(a)
ensurinu ihai ihe chariiable companN keeps accounlinu records Ihal complv ￿1117 Seciions i86 and i87 01. Ihe
Conipanies Aci ?006 and
preparinu
Iinancial statemenis ivhich uive a irue and fair view of ihe state of atTairs ot- lh¢ chariiable company as
c I Ilie end ol. each financial N'ear and of ils surplus or delicii t-or each financial year in accordance ￿'11h the
re4Liireiiienls ot- Seciioiis )94 and J95 and which oihen¥ ise compl!. ii'iih the requireiments of ihe Coiiipanies Act
?006 relating 10 linancial slaiemenis. so lar as applicable io the chariiable conipan%'.
Ib)
These Iinancial siaieinenis have been prepared in accordance ii'iih the provisions applicable io charitable conipanies
subjeci io the small companies revime.
The financial slaieinenis were approved bw the Board of Trustees and auihorised for issue on ?) S¢pieiiiber ?0?4 and
were siu)ned L)n lis behalt- b).:
W Gibb- Trustee
The noles r()mi part ol- Ihese financial slaleinenis

GLIST I iidependeni (ichool Lid
CJ5h Flow Sidieiiienl
lor Ihe I. ear Ended J l larch ?024
?0?4
Note5
CAsh fli)ws froiii i)peraling Actii'ilies
LI￿)) 'eiici'atLd Iroin op¥riil11)IlS
7j.?71
Nei cash provided by op¢rdling aciiviiies
7j.?71
Cash now5 (rom ini'¢51ing aclii'ilies
Purchase ot lan(iible Iiied assets
Sale ol- ianuible tixed assets
(45.8561
(78.04))
Nei cash used in invesiing activilies
{4i.ii6)
(77.84J I
Cliilll¥Y ill La511 and cash equival¢nt5 111
the rep()rling period
Cash aiid c#sh e4ui%'alenls Al tlle
beginning i)f the reporling period
47.ili
(4.1721
271.971
276.$4i
Cash an(1 cash equi¥'alenlS ai ihe end o(
the reporling period
j19.?84
?71.971
The noles forni part of ihese finaiicial siaieinenis

GLIST Indvpendeni Schovl Lid
()les lo ihe Cash FI1)￿ %iJlC'niciit
ror ihe l'ea r F.nded J I %IAr¢li ?U?4
RECOP4CILIATI()N OF PIET INC()I1F. T() NET CASH FL()II' FRI)11 OPER.4TINC:.4CTII'ITIES
)U?4
Nel iiicume for Ihe reporling period (a5 per ihe Stalemenl of Financial
ALli%'ilies)
Adjusimenls for:
DeprLciaiion charLFes
Lossi(profill on disposal of fixed assels
Sncr¢'ase in debiors
{Decreasel'increase in crediiors
62.$79
48.831
i4.040
?9.lj2
{180)
(14.Oi81
9. j?6
(I,i64)
{? 498)
Nel cash prov ided bv operAlions
?71
ANALYSIS OF CHANGES IN NET FUNI)S
Casl7 flow
Ai )l_J_?4
Nel rash
Casli ai baiik and in hand
?71.971
j19.?84
271.971
47.)13
j19.?84
Total
271.971
j19.?84
The note5 fonn part of these financial stateinenis
Page 8

GL,'ST In(lependeni School Ltd
ole% lo the Fin4iiiciJI Stiileineiil
for Ihe l ear Ended 31 lldrcl) 2V24
STATLIT()RY INFORM.4TI()
Gel U Siarted Trdiniiii?
Liiii iled 15 a cliarilable coinpan!. Liiiiited b!, £uarantee. re£islered in Ell(J land and Wales.
Tlie chariiable coinpaii) s r¥gisiered nuiiibers ai)d reLyislered otlice address can be Ioliiid iii Ille RerK)n ol- (lie
Trusiees Ipa41¢
ACC()UNTINC POLICIES
BASIS of preparing ihe financidl stAIL'men15
-I'IIL IIi)I117cial slciieiiieiils ol. Ihe charili. lihich is a public benefii enlits, under FRS 10? have been prepared iii
accordaiicL' i¥'iih the Charilie5 SORP (FKS 10?) 'Accouniin2 and R¢'ponillL bl" Charities: Siaieiiieiil ol.
RecoiniiiLnded Praciice applicable io charities preparina
Iheir accouiits in accordance i¥'illi Ihe Finaiicial
Reportiiii,
Siandard applicablL in ihe U k and R¢public of Ireland (FRS I O? ) lefleciive l Januar¥. ?0191 and the
Charilies Aci ?0 I l . l-he financial slalemenis haye been prepared under hisiorical cosi convcniion.
There were no maierial departures from thal slandard.
The principal accounling policies adopted in the preparation of ihe financial stxiemenis are set oui belo￿ and
have remained unchaniyed from the prei'ious vear. and also have been Consistentl￿ applied il'iihin the $al￿e
accounls.
I iicome
A I l ii)Ll)me is recoonised in the Siaiemeni of Financial Aciii'iiies once the charitv has eniiileinenl to Il)e tunds. il
is probable Ihai ihe income will be received and Ihe amouni can be measured reliablv.
Eipendilure
LiahililiLS <ire recognised as expendiiure as soon as there is a leval or consiructive obligation coiminiiiino the
cliarii%' lo Ihal expenditure, il is probable Ilial a iransler of econoi)iic beiiefits i%'ill be required iii SLiileineiil and
Ilie c1111()unt ot. Ihe i)bljcpaiion can be medsufL'd reliabli.. lipendiiure is accounied t-or on an dLcriials basis and has
been classilied uiid¢r lieadiiiL75 Ihai a, regiaie all cosi relaied to Ihe caieb)ory'. W'hi'fL' cosis caiin()I be directly
ariribuied (o particular headings IheN, hawL been allocaied io aciiviiies on 41 b&lSi5 Lviisisiciii %Yiih th¢ use of
resources.
Tangihle fixed assets
Depri'i Ill Iloii is pri)i ided ai the following annual raies in order lo ￿lie oft" each as5el over ils esliinaied useful
FrL'Lliold propLn!'
I ilipro￿L.1neniS 10 property
Plaiii and InaLhinerv
Moior vehicles
?O/o on cost
I￿￿00nL0$I
- j°/0 on reducin4Y balance
?5°/o on reducin2 balance
Tangible fixed assels are Ineasured al costs less accumulaied depreciation and iinpairnienl.
The iruslees undenake an annual impairnieni revieii. which considers the iyriiien doi%'n value of assets and the
approprialeness of ihe depreciation polic!,.
'l-Iie cliar11￿ is exempi from thxation in rLspecl of income or capital ?aiiis received 10 rl)e extenl thai sucli incoiMe
ur iP¢llJlS 4llL appli¢d cxclusivelN. for Lh£iriiablc purposes. The charit%. is not exenipi froin Value Added Tax.
Irrecoverable Value Added Tax is included in Ihe cosi ol- Ihos¢ iieiiis lo ii'hich li relates.
Fund accounting
Resiricied funds reldie lo aii)ounis received M'hich ha￿e been $r￿cIfIed lor a particular u51. bi.. Ilie don()r. All ()Iliei'
fuiids are unresiricled lunds ivliich Ihe cl)arii! Ina!, use for lis chariiable purposes ai lis discreiioii.
uiirLSiricied l-unds. Ille cliaril}' n)a5 desiaiiale ¢eric111l tuiids for specific purpc)ses.
conlinued...

G L ST I iidependeni Schi)(Il Lid
Nf)te5 to the FinanciAI SiJlenic'nls - ciinliiiued
fi)r the lear En(Jed 31 March ?024
ACC()UNTlINC. P()LICIES- continued
H ire purcha￿. IL'a5iiig cummilinenls
.hi line basis
Rental% paid under operdliilg leases are Lliarued io the Siaieiiienl of Financial Aciiviiies on a strdi(T
ovci Ihe pcriod of thc l¢ase.
Pension costs an(1 ()Iher posl-relirenient benl.fils
-I"he charilable companN' operaies a delinLd LoiiiributiL)n pension scheme. Coniribuiions pal'able to the chariiable
coinpanv's pension scheiiie are charcyed io the Siaienienl ot- Fiiiancial Activities in Ilie period lo i¥,hich ihei, relale.
Fin<inrial in5trumentS
-I'hL' cliarilable coinpaiiN' onlN, has financial 41Sseis and finaiici21 liabilities of a k'ind that qualif!, as basic linancial
ii)slruinenis. Ba51c linancial instrunients are iniiiall!. recounised ai transaciion value and subseqiJeiiilN' iiie14 sured
al Iheir sLiileiiient value ivith the eicepiion ot- bank loans M hich are subsequenil!, Ineasured ai aniortlsed cosi
usino ihe etleclive interest meihod.
Critical acc(Junting eslima¢e5 and areas of judgement
iy¥iii¥iils (11¢ Loiiiiiiuall!" ¢i'iiluLiied and based on hisiorical ¢xperience and oilier factors.
siiinai¢s <ind j Lld.
includin2 e.xpeciaiions ot- future evenis ihat are believed io be reasonable under the circuinslances.
Crilical 4iccouniinu esliinates and assumpiions-.
ThL charitable coinpany niakes C51iinaies and assumptions concerlliiio
Ihe fviure. The resuliino accouiilinu
eslimales and assuiiiplions ￿111. b!. delinilion. seldom equal Ihe r¢laied actual resulis. The esliimalis and
assuimplions ihat have a siuniticant risk of causino a iiialerial adjusiiiienl to tlie carr¥'inti aiiiounls of assets and
liabilities wiihin ihe next tinancial year are discussed belom,.
Crilical areas of judgemenl:
Depreciation - Depreciation is calculaied so as lo ivrile off lh¢ cosi of an asset. less lis residiial value. over ihe
eLonoinic lit-e ol- thai assei. An estimaie of ihe useful life of assets is deiailed in Ihe depreciaiion accountin¥
policv. The value ot-depreciaiion charged durin(p Ihe l'ear li as £i4.040.
(Jol'ernnient Grants
Revenue grdnls are recognised in the profil and loss account in the period to ￿'hich thei, relale.
I)ONATIONS AND LEGACIES
?0?4
?0?3
Donaiions and gyranis
1.200
Incoine t-rom donations and urants ioialled £4.?00 (?O?J.' £1 ?00). Ivhich was resiricled in ihe current and
previous N'ear.
Paue 10
coiiiiiiued.

C-LST Ind¢peiidcni School Lid
Noles lo the Fiiianci411 Sialeiiieiits - Iviitiiiued
(or Ihe l'ear F.nded 31 ,Ildrch ?0?4
INC.I)ME FROM CHARIT.4BLF. ACTIVITIF_S
Aclivilv
Training
Trainin(F fees
946,748
88i.646
I IiLoine t.roim charitable a¢iiviiies lotallLd £946.748 {?0?"
previous year.
£88i.646) which was uiirestricted in the current and
OTHER INCOME
Governmenl granis
?.084
2.084
Oiher income received lotalled £? 084 (?0?) £ I l ?18) M'hich was unresiricted durin£ Ihe current and previous
year.
CHARITABLF. ACTIVITIES COSTS
Training
SialT costs
Workshop cos1$
Learners t.ees
LLariier rewards
Traiiiiniy resources
Leisure activilies
Preinises costs
Learner transpon
Catc'rinu e.xpen5es
Depreci(Ilion
Loss on sale of tanciible fixed asset
6i7.867
4.77?
619.890
6.864
10.i04
6.159
i7.671
4.958
10.i98
.)74
40.?4*
7.8)4
9.046
(180)
771.i95
74?.454
Expenditure on chariiable aclivilie5 lotalled £771.i95 (?0? j= £74?.4541 of which £766.769 ￿a$ unresli-icl¢d
(?02)= £740.718) and £4.6?6 was resiricled {?02i'. £1.7)61.
Page 11
coniinued...

CL5T Independeni School Lid
lo the Financial 4*tatenif - coiiliiiiied
for the l'ear Ended 31 N1arch ?024
SL5PPI)RT COSTS
(iuppurl costs
SLnlTcosts
General
Govemance
18.?7?
75.904
?4.88?
70.091
119.0.i8
104.779
r..NPL'ndiiure on support cos15 lothlled £119.058 (?O?i= £104.779) and was unrestricted in Ilie curreni ¥ear and
previous y'ear.
Cjovernance c(Jsts
?0?4
Independeni examin4iiiun f¥
Bank charues
Oiher ILNO
.al and professional
2.000
j?7
?•,5)4
i)2
10.?79
?4.88?
NET INCONIEI{EXPENDITURE)
Nel incomel(eipendiiure} is stated after charoin£l{crediting)=
Deprecialion owned a55els
Independeni examinalion fee
i4.040
?.000
TRU5TEF.S' RF.ML'NF.RATION AIND BENEFITS
Durin4y
Ihe vear to ) l MJr¢h ?0?4 ihe followino trusiees were paid a salary=
P A Gallagher was paid a salary of £)? 58) {?O?j'. £jj.j7i) and a pension of £J.O?8 {?0? j= j8iO) for his
services as Proprieior.
S Ain4711 il'as paid a salarN' of £4.J69 {?0? j.. £55.650 and a pension of £7J4 (?0?).' £?.964) lor his services as
Depul), Headieacher and Depul) DSL.
K Gibb was paid a salary of £64.58) (?O?j.' £6j.100) and a pension of £8.806 (?O?j'. £).19?) for her services as
Head ol"School.
Page 12
coniinued...

(: LIST Indepi'ndeiii Sclioijl Li(1
Notes lo the Fifl<iiicidl SialeniL'iils - ioiitiiiued
lor ilif l ear Ended 31 Ilarch ?0?4
TRUSTEE(i' REMUNF.RATIONI AYI l) IIF.NEFITS- conlinued
Trustees, eipense5
No Iruslees eipenses were paid for ihe vear ended J l March ?0?4 nor for Ihe vear ended i l March ?0?"
10.
STAFF COSTS
?0?4
WJcies and salaries
%()c ial %¢curilN'
Pension cosis
4?0.0.78
141 166
9i.4.j?
iii 967
iO.106
660.6)6
6Jl.015
The average mnnihly niimher nf emplovees durino the Near was as folloivs-
?0?4
Charilable objeciives
M<in(IIFemeni and administralion
Sessional workers
16
'riiere was one employee (?O?i.- One) receivinu ioial emploN'ee benefits beii¥een £60.000 aiid £70.000.
The key management personnel of ihe chariiable cotnpan!. comprise the tru51ees. The iotal emploi'ee benefits of
Ihe kev manaoenient personnel of the charilN'. includinL> eii)plov¢rfs pension and nalional insurance conii'ibulions.
iolalled £116.474 (20? j £166.77?).
C()MPARATIN'ES FOR THF. STATEMENT OF FINA.%CI.4L ACTIN'ITIES
Uiiresiricied
fund
Resiricted
funds
Total
funds
INCOME AND ENI)OWMENTS FROM
l)()lliiliuiis and I¢c?aClL'5
1.200
Ch41 rilahle Aclifv'itie5
rdinin
88i,646
Oiher income
Total
894.864
896.064
EXI'Ef*l)ITLIRF. (IN
Kdisill2 luiids
Charilable acti%'ities
Trainino
740.71 s
74? 4)4
Oiher
104.779
104.779
84) 497
847.?J3
Pa(Fe l i
conliiiued...

GL,'ST Independeni School Lid
Noies lo ihe Findncial Sialemenl% - clint in ued
lor ihi. I'vAr Elided J I l.Idrch ?024
COMPARATIN'fr'5 FOR THE STATF.NIEYI T OF FIN.4P*CIAL AC"fiviTIES- conlinijed
Unresiricled
Resiricied
fund
I'unds
Toial
NET INCo￿lF./(F.xvENDITUkE)
49.i67
(5i6)
48.8) I
REC"ONCILIATION OF FUIYD6i
Tul(Il liiiid5 broiiiilil l()ni'Jrd
548.4?8
15.19?
$6J.6?0
TOTAL FUNDS CARRIED FORM'.4RD
i97.795
14.656
61?451
TANGIBLF. FIXED ASSETS
Improvemenis
10
Freehold
propert!,
Plani and
machinerv
Motor
veliicles
properh.
Totals
COST
Ai l April 20?3
Add ilions
t)isposals
181.964
106.4iS
51.4.iO
?0.7*6
(iii)
Ai ) l March ?074
181.964
8).896
lil.O?O
51.4.50
4iO.)iO
DEPRECIATIO
Ai l April ?0?3
Charlbe for l'ear
Eliiminaied on disposal
li.946
5i.i48
101.766
i4.040
8.Oi7
(l?))
Ai Jl March 20)4
17.586
?4,j??
67.?57
?6.$18
l ii,68i
NF.T B()OK VALUE
Ai ) l Nlarih :0,4
164.i78
61.574
6i,76i
i14.647
Ai i l March ?0?"
168.018
48.87
IJ.
I)F.BT()RS: AMOUNT.S FALLIN'G I)UE WITHIN ONF. I'F.AR
?0?4
Trade debiors
PrepaN'iiienis and accrued income
61.218
j9.?10
Pau¢ 14
continued..-

GU.ST Independeni Scho()l Lid
Iyoles to the FinanciAI Stalemenls - contin ued
lor Ihe l'ear Eib(Jed 31 Ilarch 2024
14.
CKTr.I)ITORS: AMOUNTS FALLING DLIE WITH1%4 ()NE I:EAK
Trade creditors
SOL ial securitw and other taxes
Oiher crediiors
Accrued expenses
10.974
6.740
2.000
10.670
6.909
?.000
22.692
?5.190
mOvE￿IENT IN FUNDS
Nei
Imovemeni
in funds
Ai
Ai 1.4.73
Llnrestricled fun(15
G¢ii¢ral incc)Ini ILiiid
597.79)
660.800
Reslricled fuilds
Reslricied dsseis tund
ReslriLILd inconie t-und
14.180
476
(4?6)
476
14,656
{4)6)
TOTAL FLNDS
61?,4jl
62.579
67) O)0
Nel movemenl in funds. included in the al)ove are as follows-.
Incoming
resources
Resources
expended
Movenienl
in funds
Unrestricted funds
885.8?7)
6i.00S
Restriele(I fund
RLsiricied asseis t-und
Resiricied incoiiie tund
(4?6)
4,?00
(4.7001
4.?00
(4.6?6)
TOTAL FUNDS
1890.4)))
Paoe 15
conlinued..

G L ST Indei)eii(lenl Scliool Ltd
Notes lo th¢ F iiidi)Lial Siatc'niL'iils - cciiitiii ued
((&r ihe I'eAr F.nded JI Nlarch 2024
MOVF.MENT IN FUNDS- continued
Ci)mparali%'cs for movement in funds
Nel
IMoveiii¢nl
in lunds
Ai
j l.j.?j
Ai 1.4??
U nreslricted funds
(Jtyiieral incoiiie tund
$48.4?8
49.)67
597.795
Reslricte(I funds
Ilesiricied <15511% lund
Restricted incoine t-und
14.716
476
(i)6)
14.180
476
15.197
{5)6)
14.656
TOTAL FLIP*DS
56).6?0
48.8i I
61?.451
Comparalive nei movement in funds. included in the above are as follows=
Incomin2
resources
Resources
expei)ded
Movemeni
iii tunds
U nreslricled funds
(ieneritl inLÉ)ii)e lund
894.864
(84i.4971
49.i67
Restricted fujids
RLslriil¥d asSLiS lund
Reslricled inconie fund
(5i6)
(i ?00)
1.200
(1.7J6)
I'OTAL FUNDS
896.064
(847.? ji )
48,8i I
A current year 12 months and prior year l ? monihs combined p)siiion is as follows:
Nel
iiioveiiienl
in funds
Ai
At 1.4.?2
Unrestricled funds
General incoine fund
548.4?8
I l?.J79
660.800
Restrtcled funds
Resiricied IiSSL'lS t.und
Reslricled income fund
14.716
476
(96?)
l i.7.)4
476
15.19?
T()TAL FLIND
$6j.6?0
111.410
67) OJO
Page 16
coniinued.

G LIST Independeni Srh()ul Li(J
oles io ihL' Fiii4lliCi411 Slalemenls - iiiiil in ued
fvr th¥ )'rar Eiidc'(l J l %litrch •U24
MOVF_MF.NT IN FUNI)4i- conlinued
A current vear l ? iiionihs and prior year l ? monihs combined nei movemenl in funds. included in the above are
as lollows=
Incuii)ino
resources
Resources
e.xpended
Moi.eiiienl
Iii fuiids
U nrestriclcd fu nds
General incoiiiL' lurid
1.84i.696
(1.7i l.j?4)
11? j7?
Rcslricled funds
I<Ls11'iil¢J Lisseis lund
RLsiricled income tund
(962)
(5.400)
(962)
5,400
5.400
(6.i62)
(96?
TOTAL FUND.
1.84Q.OQ6
(1 7_)7 AXA)
The resiricied asset fund represents urani incoine for Ihe specific purpose ol" capiial expendiiure. The clo.sin¥'
balance represenls ihe book valu¢ of assets acquired M'ith ilie aid of speLifiL oran15. £? ?iO I?01"
?.6)6}, plus
unspenl capiial grdnls ot- £1 ?.000 {?0?"
£ i ?.000).
The resiricied income fund included grants received toii'ards Specific revenue costs of ihe charity. less Ihe cosis
incurred io dale #ssocialed iih Ihos¢ aciii'iiies.
The unresiricted funds represent unreslricted resources available for the (ieneral work ot.tlie charitable coinpany.
16.
RELATEI) PARTY DISCLOSURES
There were no relaied party trnnsaciions for ihe year ended i l March ?0?4.
Page 17

GUST Independeni School Lid
Detailed 5ixlemi.nl of FindnciAI ,4clii"ities
for the l'ear Eiide(J 31 llarch *U?4
?024
INCOME AND F.NDOWMENTS
Don￿tionS and legacie5
Donaliviis and (7rdnts
1.200
Charilable activilies
TrÉiiniiiii lees
946.748
88i.646
Other income
Oiher incoine
?.084
Tutal incoming resources
896.064
EXPENDITLIRE
Charilable d¢tii'ilie5
W'agjes and salaries
S()Lial security
PenSiOT7 cii%IS
Workshop costs
Learners tees
.L'arner re￿.ardS
Leisure il¢liviries
Preinises cosls
Learner Iransport
CalL'ringi expenses
Depreciaiioi) ot- lanuible fixed assets
I Vroliii,'Loss on sale ol- ￿ngIble fixed a55CIS
5Jl.6i7
51.70i
74.)?7
4.77?
4,i89
8.059
9.129
i7.671
4.9)8
l O.i98
544.841
iO.106
?4.94?
6.684
1?.574
7.8i4
9,046
(180)
771.J95
747.454
Supporl costs
Staff custs
Adi)iin istraiion salaries
SialT training) and welt-are
6.981
10,9)?
18.?72
??.077
General
Moior expenses
Travel and subsisience
Telephone
Sialionerv and postai?e
I nlLrnei and IT cc)sis
I nsurance
Suiidi"y eApen5¢5
Enlen(iiniiig
7.969
l).Oi8
4.?44
16.967
1 ().98
1,534
7.881
4,86.)
1?,746
9.889
7.678
4. j S()
75.904
70.091
This page does fomi part of ihe slatuior). financial sLqieiMents
Pa(ie 18

GUST Independeni Sch(M)l Lid
Deldiled SIAlemenl of Fiiianridl .41 lii'ilies
for the l'ear E"nde(l J I Imarcli
?0?4
General
Gov¢rnance
Independent examination fee
B<iiik iliqll bPCS
Oiher leoal and professional
?.000
2.000
10.279
24.882
Total resources expended
890.45)
JJ
Nel income
48.8il
This page does noi forni part ofihe siaiulor). financial staiemenis
Page 19