||||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|