2023-12-31-accounts

			Pages
Trustees' Annual Report				2
Independent Examiner's	Report			8
Statement of Financial Activities				9
Summary Income and Expenditure		Account		10
Balance Sheet				11
Statement of Cash flows				'l2
Notes to the Accounts			13to	21
Detailed Statement of Financial Activities			22 to	24

In for	pursuance o 2023.	fthe charitable obje	ctives, the trustees have identified and agr	ctives, the trustees have identified and agr	eed th	e fo
	Objective		Target/Measure
1	Creating opportunities		~	Increase the number of KS3-5	pupils	on
				register by 10SS
			~	Establish new classes for KS2 pupils.
			~	Increased participation in our
				Functional Skills classes
			~	Engage up to 20 adults in our	'Breaking
				Limits' project
			~	Place at least 5 pupils in our bursary
				programme with Royal Springboard		or
				direct SMK placement
2	Delivering	Excellence	~	Achieve 90SSattendance on average
				for KS2-5 pupils
			~	Achieve 90Yo pupil satisfaction.
			~	Increase our ability to tutor in	a wider
				portfolio ofsubjects.
			~	Review our Theory ofChange
3	Secure funding		~	Continue with core funding
				applications where relevant.
			~	Identify potential longer-term	funding
				partnerships.
4	New Home for SIEVEMK		~	Develop phased plan with associated
				costings.
			~	Completion ofdischarge of relevant
				post planning conditions.
			~	Secure funding to allow 2025
				commencement for build.
5	SMK Gateway —Alternative		~	Further increase the number of
	Provision			students who are being referred to us
				on hybrid timetables from local
				schools.

for the year	ended	31 Decem	ber 2023
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
				2023	2023	2023	2022
			Notes	2	2	2	2
Income and	endowments
from:
Donations	and legacies			4,380		4,380	16,109
Charitable	activities				59,552	59,552	22,968
Other trading activities				229,119		229,119	164,410
Total				233,499	59,552	293,051	203,487
Expenditure	on:
Raising funds			7				4,994
Charitable	activities		8	6,733	2,176	8,909	2,156
Other			10	212,882		212,882	184,688
Total				219,615	2,176	221,791	191,838
Net gains on	investments
Net income				13,884	57,376	71,260	11,649
Transfers between		funds
Net income before		other
gains/(losses)				13,884	57,376	71,260	11,649
Other gains and losses
Net movement in		funds		13,884	57,376	71,260	11,649
Reconciliation	of funds:
Total funds brought		forward		216,647	56,594	273,241	261,592
Total funds carried		forward		230,531	113,970	344,501	273,241

		2023	2022
		p.
Income		293,051	203,488
Gross income for the year		293,051	203,488
Expenditure		221,791	190,658
Depreciation	and charges for
impairment	of fixed assets		1,181
Total expenditure for the year		221,791	191,839
Net income	before tax for the year	71,260	11,649
Net income	for the year	71,260	11,649

Sieve mk Gateway Ltd Balance Sheet	Sieve mk Gateway Ltd Balance Sheet
at 31 December 2023
Company No. 07886477				Notes	2023	2022
					p	2
Fixed assets
Tangible assets				13	31	31
					31	31
Current assets
Debtors				14	87,391	31,769
Cash at bank andinhand					297,715	278,316
					385,106	310,085
Creditors: Amount falling		due within	one year	15	(20,513)	(8,233)
Net current assets					364,593	301,852
Total assets less current		liabilities			364,624	301,883
Creditors: Amounts	falling due after		more than one year	16	(20,123)	(28,642)
Net assets excluding	pension asset		or liability		344,501	273,241
Total net assets					344,501	273,241
The funds of the charity
Restricted funds				17
Restricted income funds					113,970	56,594
					113,970	56,594
Unrestricted funds				17
General funds					230,531	216,647
					230,531	216,647
Reserves				17
Total funds					344,501	273,241

			2023	2022
			2	2
Cash flows from operating	activities
Net income per Statement	of Financial Activities		71,260	11,649
Adjustments for:
Decrease in stocks				160
(Increase)/Decrease in	trade and other receivables		(33,266)	2,091
Increase in trade and other payables			12,279	3,014
Net cash provided by operating activities			50,273	18,095
Net cash from investing activities
Cash flows from financing	activities
Repayment of borrowings			(8,519)	(8,518)
Net cash used in financing	activities		(8,519)	(8,518)
Net increase in cash and cash equivalents			41,754	9,577
Cash and cash equivalents	at the beginning	of the year	278,316	268,739
Cash and cash equivalents	at the end of the year		320,070	278,316
Components of cash and cash equivalents
Cash and bank balances			297,715	278,316
			297,715	278,316

last year and no cha	last year and no cha	last year and no cha	last year and no cha	nges have been made to accounts for previous years.
Fund accounting
Unrestricted		funds		These are available for use at the discretion ofthe trustees			in furtherance			of	the
				general objects ofthe charity.
Designated		funds		These are unrestricted funds earmarked by the trustees	for particular			purposes.
Revaluation		funds		These are unrestricted funds which include a revaluation		reserve representing						the
				restatement of investment assets at their market values.
Restricted	funds			These are available for use subject to restrictions imposed			by the donor		or	through
				terms of an appeal.
Income
Recognition		of		Income is included in the Statement of Financial Activities			(SoFA) when	the		charity
income				becomes entitled to, and virtually certain to receive, the	income and the				amount				of
				the income can be measured with sufficient reliability.
Income with		related		Where income has related expenditure the income and	related expenditure						is
expenditure				reported gross in the SoFA.
Donations	and			Voluntary income received by way of grants, donations and gifts is included						in		the
legacies				the SoFA when receivable and only when the Charity has		unconditional
				entitlement to the income.
Tax reclaims		on		Income from tax reclaims is included in the SoFA at the same time as the
donations	and		gifts	gift/donation to which it relates.
Donated services				These are only included in income (with an equivalent amount in expenditure)
and facilities				where the benefit to the Charity is reasonably quantifiable,			measurable		and
				material.
Volunteer	help			The value of any volunteer help received is not included	in		the accounts.
Investment		income		This is included in the accounts when receivable.
Gains/(losses)			on	This includes any gain or loss resulting from revaluing investments to market							value
revaluation		of	fixed	at the end of the year.
assets
Gains/(losses)			on	This includes any gain or loss on the sale of investments.
investment		assets

3	Stateme	nt of Financial	Activities - prior year
				Unrestricted	Restricted
				funds	funds	Totalfunds
				2022	2022	2022
Income and		endowments	from:
	Donations and legacies			18,310		18,310
	Charitable activities			3,511	17,257	20,768
	Other trading activities			164,410		164,410
Total				186,231	17,257	203,488
Expenditure		on:
	Raising	funds		4,995		4,995
	Charitable activities			2,156		2,156
	Other			184,688		184,688
Total				191,839		191,839
Net	income			(5,608)	17,257	11,649
Net	income	before other
gains/(losses)				(5,608)	17,257	11,649
Other gains		and losses:
Net	movement in funds			(5,608)	17,257	11,649
Reconciliation of funds:
Totalfunds		broughtforward		142,236	119,356	261,592
Total funds		carried forward		136,628	136,613	273,241
4	Income	from donations	and legacies
				Unrestricted	Total	Total
					2023	2022
					E	E
	Other Donations			4,380	4,380	16,109
				4,380	4,380	16,109

5	Income fro	m charit	able ac	tivities
					Restricted	Total	Total
						2023	2022
					f		f
	Grants - Restricted		BFSS		19,138	19,138	17,257
	Grants -Restricted		MKCF		7,850	7,850
					26,988	26,988	'f7,257
6	Income from other		trading	activities
					Unrestricted	Total	Total
						2023	2022
						f	f
	Coaching 6 income	consultancy			76,689	76,689	44,560
	Examination	centre			151,057	151,057	116,122
	Printing				1,373	1,373	3,728
					229,119	229,119	164,410
7	Expenditure	on raising funds
						Total	Total
						2023	2022
						f	P.
	Costs ofgenerating		voluntary
	income
	Giftaid						4,994
							4,994
8	Expenditure	on charitable		activities
					Unrestricted	Total	Total
						2023	2022
						f	f
	Governance	costs
	Accountancy	fees			1,250	1,250
					1,250	1,250

No	tes to the Accounts
9	Analysis of grants
	Activity or programme				Total	Total
					2023	2022
						E
	Grants -Restricted	SESF
	Donations made
	Grant - Restricted	SESF
	Grant - SMK
	Activity or programme				Total	Total
					2023	2022
					E
	Grants -Restricted	SESF
	Donations made
	Grant - Restricted	SESF
	Grant - SMK
10	Other expenditure
				Unrestricted	Total	Total
					2023	2022
					E	E
	Employee costs			125,006	125,006	94,839
	Motor and travel costs			6,092	6,092	5,550
	Premises costs			2,115	2,115	2,054
	Amortisation, depreciation,
	impairment, profit/loss		on			1,181
	disposal of fixed assets
	General administrative		costs	79,669	79,669	81,064
				212,882	212,882	184,688
11	Net income before	transfers
				2023		2022
	This is stated after	charging:				f
	Depreciation of owned		fixed assets			1,181
12	Staff costs
				2023		2022
	Salaries and wages			120,847		93,686
	Social security costs			1,071
	Pension costs			3,088		1,153
				125,006		94,839

13	Tangible fixed assets
			Plant and	Motor	Fixtures,
			machinery	vehicles	fittings and equipment	Total
	Cost or revaluation
	At 1 January 2023		14,694	I2,100	4,078	30,872
	At 31 December 2023		14,694	12,100	4,078	30,872
	Depreciation and
	impairment
	At 1 January 2023		14,683	12,090	4,068	30,841
	At 31 December 2023		14,683	12,090	4,068	30,841
	Net book values
	At 31 December 2023			10	10	31
	At 31 December 2022		11	10	10	31
14	Debtors
				2023		2022
				f
	Trade debtors			33,225		2,881
	VAT recoverable			22
	Land reservation			44,712		22,356
	Other debtors			9,432		6,532
				87,391		31,769
15	Creditors:
	amounts falling due within	one year
				2023		2022
						2
	Trade creditors			13,603		2,891
	Other taxes and social security			2,678		3,128
	Loans from trustees			236		236
	Other creditors			3,995		1,978
	Accruals			1
				20,513		8,233
16	Creditors:
	amounts falling due after	more than one year
				2023		2022
						2
	Bank loans and overdrafts			20,123		28,642
				20,123		28,642

17	Movement in fun	ds
							Incoming
							resources
									At 31
					At	1 danuary	(including other gains/losses	Resources expended	December 023
						2023	)
							2
	Restricted funds:
	Restricted income	funds:
	Grant - SEMLEP					8,225			8,225
	Grant - SESF					30,449			30,449
	Grants - Restricted	BFSS				17,920	19,138		37,058
	Grants-Restricted	MKCF					7,850		7,850
	Grants - Restricted	SMK AP					10,000		10,000
	Grants - Restricted	SADAQA					840		840
	Grant-The Royal Springboard						2,427	(1,876)	551
	Restricted: MKCC						18,018	(300)	17,718
							1,279		1,279
	Total					56,594	59,552	(2,176)	113,970
	Unrestricted funds:
	General funds					216,647	233,499	(219,615)	230,531
	Total funds					273,241	293,051	(221,791)	344,501
	Purposes and restrictions		in relation to the		funds:
	Restricted funds:
	Grant -SEMLEP
	Grant -SESF
	Grants - Restricted	BFSS
	Grants -Restricted	MKCF
	Grants - Restricted	SMK AP
	Grants - Restricted	SADAQA
	Grant-The Royal Springboard
18	Analysis of net assets between			funds
								Unrestricted
									Total
								funds
								P	2
	Fixed assets							31	31
	Net current assets							364,593	364,593
	Creditors due in more than one provisions			year and				(20,123)	(20,123)
								344,501	344,501

									At 31
							At 1 January		December
							2023	Cash flows	2023
								p.	8
	Cash and cash equivalents						278,316	19,399	297,715
							278,316	19,399	297,715
	Bank loans						(28,642)	8,519	(20,123)
							(28,642)	8,519	(20,123)
	Net debt						249,674	27,918	277,592
20	Commitments
	Operating		lease commitments
	Annual commitments			under non-cancellable	operating	leases	are as follows:
						2023	2023	2022	2022
					Land	and		Land and
							Other		Other
					buildings			buildings
						2
	Operating	leases with		expiry date:
	Pension commitments
							2023		2022
							p
	The pension		cost charge to the company
	amounted	to:					3,088		1,153
21	Related party disclosures
	Controlling		party

for the year ended	31 De	cemb	er 2023
				Unrestricte	Restricted
				d funds	funds	Total funds	Total funds
				2023	2023	2023	2022
				E	E		2
Income and endowments		from:
Donations and legacies
Other Donations				4,380		4,380	16,109
				4,380		4,380	16,109
Charitable activities
Grants - Restricted	BFSS				19,138	19,138	17,257
Grants -Restricted	MKCF				7,850	7,850
Grants - Restricted	SMK	AP			10,000	10,000
Grants- Restricted	SADAQA				840	840
Grants -MKCC					18,018	18,018	200
Grants -The Royal Sprin g board					2,427	2,427	3,311
SMK New Home (income): Giftaid					1,279	1,279	2,200
					59,552	59,552	22,968
Other trading activities
Coaching &consultancy		income		76,689		76,689	44,560
Examination centre				151,057		151,057	116,122
Printing				1,373		1,373	3,728
				229,119		229,119	164,410
Total income and endowments				233,499	59,552	293,051	203,487
Expenditure on:
Costs of generating	donations		and
legacies
Giftaid							4,994
							4,994
Total of expenditure funds	on raising						4,994
Charitable activities
Grants - Restricted	SESF						331
Grants -MKCC					300	300
Grants -The Royal Springboard					1,876	1,876
SMK New Home (income): Giftaid				3,595		3,595
Donations made				1,888		1 888	1,825
				5,483	2,176	7,659	2,156
Governance costs
Accountancy fees				1,250		1,250
				1,250		1,250
Total of expenditure activities	on charitable			6,733	2,176	8,909	2,156
Employee costs

Sievemk Gateway Ltd
Detailed Statement of	Financial Activities
Staff and Tutor cost			120,847		120,847	93,686
Employer's NIC			1,071		1,071
Pension costs			3,088		3,088	1,153
			125,006		125,006	94,839
Motor and travel costs
Vehicles - General costs						30
Vehicles - Fuel			1,985		1,985	2,189
Vehicles - Insurance	and licences		1,226		1,226	1,495
Vehicles - Repairs and maintenance			216		216	1,027
Travel and subsistence			2,665		2,665	809
			6,092		6,092	5,550
Premises costs
Light, heat and power						11
Housekeeping			1,770		1,770	1,797
Premises repairs and maintenance			345		345	246
			2,115		2,115	2,054
General administrative		costs,
including depreciation	and
amortisation
Depreciation of Plant machinery	and					1,181
Depreciation of Motor		vehicles
Depreciation of Fixtures, fittings
and equipment
Bank charges			3,014		3,014	2,506
General insurances			630		630
Advert and publicity			2,530		2,530	1,180
Postage and couriers			89		89	45
Stationery and printing			2,154		2,154	1,724
Subscriptions			3,460		3,460	3,905
Exam Centre Expense			58,098		58,098	62,731
Training			1,034		1,034
Office expenses			7,837		7,837	7,227
Sundry expenses						1,029
Telephone, fax and broadband			823		823	717
			79,669		79,669	82,245
Total of expenditure of	other costs		212,882		212,882	184,688
Total expenditure			219,615	2,176	221,791	191,838
Net gains on investments
Net income			13,884	57,376	71,260	11,649
Net income before other
gains/(losses)			13,884	57,376	71,260	11,649

Sieve mk Gateway Detailed Statement	Ltd of Financial Activities
Other Gains
Net movement in	funds	13,884	57,376	71,260	11,649
Reconciliation offunds:
Total funds brought	forward	216,647	56,594	273,241	261,592
Total funds carried	forward	230,531	113,970	344,501	273,241