COMPANY REGISTRATION NUMBER: 11808067 (England and Wales} CHARtTY REGISTRATION NUMBER: 1182151 GS Trnst Company Limited by GugrAntee Financial Stalements 29th February 2024 111111 1111 AlVlI120. 29111r2024 COMPANIES H¢XISE •104 JAVED & CO Chartered accountants & stslulory auditor 109 Hagley Road Birmingham B16 8LA
GS Trust Company LRmited by Guarnnlee Financial Statements Year Ended 29th February 2024 Page Trustees, annual report (incorpordting the directorfs rewjrt) Independent auditols report to the members Ststement of financial activities (including income and expenditure a¢count) Stalement of financial position 12 Ststement of cash flows 13 Notes to the financial statements 14
GS Trust Company Limited by Guarantee Truslees, Annual Report (Incorporating the Director's Report) Year Ended 29th February 2024 The trustees, who are also the directors for the purposes of company law, present their rewrt and the financial slalements of the charity for the year ended 29th February 2024. Reference and administrative details Registered charity name GS Trusi Charity registration number 1182151 Company registralion number 11808067 Principal office and registered offiee CIO Wildings Solicitors Washwood Heath Road Ward End Birn]in8ham West Midlands B8 2NG England The trustees Mr Mulwnmad Zahid Sultani Mrs Huzaifa Zahid Mr Wazarat Ali Auditor Javed & Co Chartered accountants & statutory auditor 109 Hagley Road BimiD8ham B16 8LA Bankers Barclays Bank PIC Leicester LE87 2BB Solicitors Wildings Solicitors Washwood Heath Road Ward End Birn]ingham, West Midlands England B8 2NG
GS Trust Company Limited by Guaranlee Iret Trust¢e$' Annual Report Oncorporating theOr slieport rcoNiinwe4) Year Ended 29th February 2024 Structurfy governance and management Charitable Activities: During the year under review, the Tn1 continues to engage in activities to promofr the objectives set out in tbe Memorandun]. Risk Management". The trustees regularly review p)lentI and contingent operdtional risks to which the Charity could be exposed to, particularly monitoring its activities and participants. Objeclives and activities The primary objective of the charity is to rdise funds to faciliiate the construction of the new mosque. Upon completion, the mosque will serve as a centre for promoting and advancing the religion of Islarn for the benefit of the public, in alignment with the statement of faith outlined in the schedule. The mosque's activities will focus on providing facilities for worship, offering Islamic education, and promoting the t&hingS and principles of Islam to foster a deeper understanding and engagement within the communiry. Mgin Activilies To advance our objectives, we remain committed to collalxirating with individuals, communities, and partners both locally and online. Key activities include: Fundraising Initiatives: Following the successful approval of planning in June 2023, we expanded our fundraising efforts more broadly to support the project's construction phase and additional planning amendment application S73. GST appointed new Lead architectura] team and Principal Designer. hence 10 arrange payment for theiT fees, S73 application related costs, removal of conditions associated expenses, new consultants costs, Tender writing, identifyin8 credible ContraC[S and sending out tender wilh provision for all connected costs. Religious Activities The trustees continue to support religious and educational activities for the benefit of the community in a limited way, ulilising other venues, public spaces, social media and direct engagement via public surgeries.
GS Trust Company Limited by Guarantee Trustees, Annual Report Uneorporating the Director's Report) (CO¥tI) Year Ended 29ib February 2024 Achievements and performance Acquired a new dedicated site for the advancement of our objectives, services and reaching a wider number of beneficiaries. To date, from the new site we have successfully delivered a Street Cleaning Project for surrounding streets. initiated a Daily Security Patrol to prevent fly tipping, vandalism and criminal loitering around the site including the surrounding streets. &8 well as the charity served the community hoi food ai the Weekly Food Point from the new site to vulnerable, needy, elderly* single parent families and the homeless from the general public. Progressing through various Stages of project planning for the purpose-built facility. Planning pennission has now been granted by Birniin8ham City Council for the construction of a new mosque. We are currently undergoing the early stages of planning prior to the actua] construction work commencin8 in early 2025. Appointed a new principal architectural team for the second ph&se to take the project from the planning phase to the next. Ensuring removal of the pre-conditions, site preparation, appointing contractor, right through to constructing the complete shell of the buildin8 with shafts, stairs aThd M&E works included for this stage. FiDan¢ial review After making appropriate enquiries, the trustees have a reasonable expectstion that the charitable has adequate resources to continue in operationa] existence for the next 12 months from the accounts signing page. For this reason, the trustees continue to adopt the 80ing concern basis in preparing the financial slatements.
GS Trust Compgny Limiled by Guarantte Trustees. Annual Report Oncorporating Ihe Director's Report) Year Ended 29th February 2024 Trustees, responsibilities statement The trustees (who are also directors of GS TnLq for the purposes of company law) are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Unld Kingdom Generally Accepted Accounting Practice). Company law requires the trusiees to prepare financial slafrments for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of GS Trust and of the incoming resources and application of resources, including ihe income and expenditure, of GS Trust for that period. In prepartng these financial staiements, the trustees are required to: Select suitable accounling w)licies and apply them consistently; Observe the methods and principles in the Charities SORP. Make judgements and estimates that are reasonable and prudenL State whether applicable UK accounting standards have been followed, subject to any departures disclosed and explained in the financial stateTnents' and Prepare the accounts on a going concern basis unless it is Inappropria to presume that the charity will continue in business. The Trustees are commttted to keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial slatemenls comply with the Companies Act 2006. TsleeS are committed to the safeguarding the assets of the charity and hence for taking reasonable steps for prevention and deleclion of fraud and irregularities.
GS Trust Company Limited by Guarantee Trustees, Annual Report UDcorpordting the Director's Report) f¢vN&n¥¢l) Year Ended 29th Febrnary 2024 Audilor Each of the persons who is a trustee at the date of approval of this report confirms that: so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware. and they have tsken all steps that they ought to have taken as a trustee to make themselves aware of any levant audit inforn)ation and to establish that the ck]arity'S auditor is aware of that infomation. Small company provisions This report has been prepared in accordance with the provisions appIlble to companies entiiled to the small companies exemption.
GS Trnst Cornpoy Limited by Gu*mtee Trugt¢es' AllDual R¢port (IDeorporallDg tht DIre¢to3 R¢port) (t Year Ended 29th February 2024 The trust¢es' annual ry)rt was appTov¢d on 2P Nov¢mber 224 and SiEDed on behalf of th¢ ard of trCeS by: Mr Muhammad Z4hid Sultani Trustee & Director hairnwi)
GS Trust CompYdDy Limited by Guaranlee Independent Auditor's Report to the Members of GS Trust Year Ended 29th February 2024 Opinion We have audited the financial statements of GS Tt (the 'charity') for the year ended 29th February ?024 which comprise the slatement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accountin8 policies. The financial reporting framework thai has been applied in their preparaiion is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland (Uniied Kingdom Generdlly Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charity's affairs &$ at 29th February 2024 and of its incoming resources and application of resources, including its income and expenditLtre, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accountin8 Practice. have been prepared in accordance with the requirements of the Companies Act 2006, The Charities Aci 2011. and The Charities (Accounts & Reports) Regulations 2008. Basis for opinion We conducted our audit in accordance with Internaiional Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described In Ihe auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statemenis in the UK including the FRC'S Ethica] Standard, and we have fulfilled our other ethical SponSIbl11t1eS in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Other maller We were appointed auditors of the Charity for the year ended 29 February 2024. The comparntive figures for 2023 were not audited by ourselves or any other auditors, as this was not required in accordance with Company Law and the Charities ACL Our audit opinion is not modified in respect of this matter. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfonned, we have not identified any material uncertainties relating to events or conditions that, individually or collectively> may cast significant doubt on the charity's ability to continue as a going concern for a period of ai least twelve months from when the fanCIal statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the TreVant sections of this report.
GS Trust Company Limited by Guarantee Independent Auditor's Report to tbe Members of GS Trust (oHtirtTd) Year Ended 29th February 2024 Other informalion The other information comprises the infornialion included in the annual report, other than the financial statements and our audiTor's report thereon. The trusiees are responsible for the oiher inforniation. Our opinion on the financia] statements does not cover the other inforn]alion and, except to the extent otherwise explicitly stated in our reporl we do not express any fonn of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other inforniation is materially inconsistent with the financÈai statements or ow knowledge obtsined in the audit or otherwise appears to be materially missmted. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a mafrrial misstatement in the fjnancial statements or a material misstatemeni of the other inforniation. If, based on the work we have perfomied, we conclude that there is a materia! mis51atement of this other inforn)ation, we are ttquired io report that fact. We have noihing to report in this regard. Oplnions on other matters prescribed by the Companies Aet 21)06 In our opinion, based on the work undertaken in the courge of the audit: the infornlation given in the trwstees, rewrt for the financial year for which the financial statements are prepared is consistent with the financial statrments. and the trustees, report has been prepared in accordanrE with applicable legal requirements. Matters on wbieh we are required to report by exception In the light of the knowledge and understanding of the clwity and its environment obtained in the course of the audiL we have not identified material misslatemenls in the trustees, report. We have nothing lo report in respect of the following matters in relalion to which the Companies Act 2006 requires us to reFKJrt to you if, in OUT opinion: adequate accounting records have not been kept, or rett1$ adequate for our audit have not been received from branches Dot visited by us. or the financial ststements are not in agreement with the accounling records and returns. OT certain disclosures of trustees. remuneration specified by law are not made. or we have not received all the information and explanations we require for our audit.
GS Trust Company Limited by Guarantee Independent Auditor's Report to the Members of GS Trust (¢rnitnu¢dJ Year Ended 29th Febrnary 2024 Responsibilities of trnsttts As explained more llY in the trUees. resp)nsibilities statemenL the trustees (who are also the diTeclors for the purp)ses of company law) are responsible for the preparaiion of the financia] stateTnents and for being satisfied that they give a true and fair v7ew, and for such internal control as the trustees detennine is necessary to enable the preparation of financial statements that are free from matrrial missLqtement, whether due to fraud or error. In preparing the financial Staments, the trustees are responsible for assessing the charity's abiliry to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charity or to cease operdtions, or have no realistic alfrrnative but to do so. Auditor's responsibilities lor the audil of the fin4nciAI statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material missratement, whether due to fraud or eOr, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is nol a 8uaranlee that an audit conducted in accordance with ISAS (UK) will always detect a material missraternent when li exists. Misstsiements can arise from fraud or eor and are considered material if, individually or in the a88regaie. they could reasonably be expected to influence the economic declsions of user5 taken on the basis of these fJnancia] stafrments. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement olthe financial statements, whether due to fraud or error, design and perfomi audit proCedUS responsive to those risks, and obtain audit evidence that is sufficient and appropriatr to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of intemal control. Obtain an undersianding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumsw)ces, but not for the puryN)se of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the Teasonableness of accountin8 estimates and related disclosures made by the trustees.
GS Trust Company Limited by Guarantee Independenl Auditor's Report to Ihe Members of GS Trust (a7mimi) Year Ended 29th February 2024 Conclude on the appropriateness of the lrnstees, use of the going concern basis of accounting and, based on the audit evidence obtsined, whether a Material uncertainty exists related to events or conditions that may cast Significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our audiior's report to the related disclosures in the financial ststemenis or, if such disclosures are inadequate, io modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a goin8 concern. Evaluate the overnll presentation, structure and content of the financial statements, including the disclosures, and whether the financial slatements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with Ihose charged with governaDce garding, among other matters, the planned scope and iirning of the audit and significant audii findings, including any significant deficiencies in internal control that we ideniify during our audit. Use of our report This report is made solely to the charity's members, as a body? in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other PUTpose. To the fullest extent permitted by law, we do not accept or assurne responsibiltty to anyone other than the chariry and the charity's members as a body? for our audit work, for this report, or for the opinions we have forn]ed. Mr Rizwan Javed Mphil (Cantsb) FCA (Senior Ststutory Auditor) For and on behalf of Javed & Co Chartered accountants & slatutory auditor 109 Hagley Road Birniingham B168LA 2* November 2024 -io-
GS Trust Company Limited by Guarantee Stgtement of Financial Activities (including income and expenditure aeeount) Year Ended 291h February 2024 2024 Unrestricted fimds Tolal funds Total funds 2023 Nole Income and eThdowment$ Donations and legacies Total income 5 3,161,512 3.161.512 3,161,512 3.161,512 37,595 37,595 Expenditure Expenditure on raising funds.. Costs of raisin8 donations and leg¥ies Total expenditure (64,981) (64,981) (54,483) (64,981) (64,981) (54,483) Net incomel(expenditure) and Det movement in funds 3,096,531 3,096,531 (16,888) RecoDcilialion of funds Total fimds brought forward Total funds Cvdrried forward 2,296,744 2296,744 2,313,632 5,393,275 5J93.275 2.296,744 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from conttnuing activities. The notes on pages 14 to 21 form parl of these financial stalements. li
GS Trnst ststement of FIMDeial Position 29th Februry 2024 2024 2023 Note Flxed assets Tangible fixed ass¢ts li 1392,682 2,012,552 CurreDt Cash at bank and in baod 3JWA92 287.432 Credltoys: failing due withiffj one year N¢t eurr¢tyt Awts 12 3240 3,1100,593 284,1£ SJ93375 1296,744 5J93275 1296.744 Tot#1 ss¢ts ¢urRnt liabilities Funds of the tharity Unr¢stri¢t¢d fid5 5J93275 2296,744 5J93275 2,296.744 To*1 charity 13 For th¢ finaD¢ial year ending 29 February 2024. the tharity was entitled to exemption from audit under 10n 477 of thc Compani¢s Act relating to 5rnall compani¢5. but as this company is a Charity. it is Subje EO audit under the Charities Aa 2011.. Directors. r¢sponsibilities: The members have not required the Charity to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for )MplyIng with th¢ requirements of th¢ Compani¢5 Act 2006 with r•t to aw)unting rwon15 and the preparation of accounts. These accounts have been prepared in accordaDrK with th¢ provisions applicable to eompani¢5 subject to the nall wmpanies. regime. These financial statements were approved by the bo&d of tsvstees and authorised for Issue on vember 2024. and Sign on ixhalf of the board by: Mr Muhammad Zahid Suhani (Ch&rnian) Tntstee & Dire¢tor The notrs om pages 14 to 21 fonn Imrt of these finaD¢ial stalemeDI& 12-
GS Trust Company Limited by Guarantee Statement of Cash Flows Year Ended 29th February 2024 2024 2023 Cash flows from operating activities Net incomd{expenditure) 3,096531 (16,888) Adjuslmentsfor." Depreciation of tangible fixed assets Accrued expensesl(income) 37266 2,760 28,051 (360) Changes in.. Trdde and other creditors 899 Cash generated from operations Net cash from operating activities 3,137,456 10,803 10,803 3,137.456 Cash flows from iDves¢ing activiti Purchase of tangible assets Net cash used in invesiing activities {417J96) (52,411) {417J96) (52,411) Nel intreasel(deerease) in cash and cash ¢quiv21ents Cash and ¢Ash equivalents al beginning ofyear Cash and cash equivalents at end of year 2.720,060 287.432 (41,608) 329,040 287,432 3.007.492 The not¢S OD pages 14 to 21 forni part of Ihese financial statements. 13-
GS Trust Company Llmited by Guaranlee Notts to the Financial Statements Year Ended 29th February 2024 General information The charity is a public benefit entity and a PTivaie company limifrd by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is CIO Wildings Solicitors Washwood Heath Road, Ward End, Birniingharn, West Midlands, B8 2NG, England. Slatement of complian¢e These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable 10 charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policles Basls of preparalion The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The fllwicial statements are prepared in sterling, which is the fimctional currency of the entity. Going eoneern There are no material uncertainties al)out the charity's ability lo continue. Judgements and key sourees of estimation uncertainty The eslimates and judgements made by rnanagement during the CUent year is in the company's depreciation policy. Tangible Asseis The useful lives of tsngible assets are detern]ined by management and reflect those adopted within the industy. Impairn]ent of fixed assets is further discussed in a separate accounting policy note. 14-
GS Trust Company Limited by Guarantee Notes to the Finrdncial Statements Year Ended 29th February 2024 Accounting policies Fund VdeeountlDg Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purEx)ses. Designated funds are unrestricted ndS eamiarked by the trustees for particular future project or commitment. Restrictrd funds are subjected to restrictions on their expenditure declared by the donor or through the temis of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. Currently, thett a no restrictrd funds in the charity. IneomiDg resourees All income is included in the statement of financial activities when entitlement has passed to the chariry, il is probable that the economic benefits associafrd with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. - income from donations or grants is recognised when there is evTrdence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value.
GS Trust Company Limited by Guarantee Notes lo the Financial Statements (cowiwid) Year Ended 29th Februydry 2024 A¢counting policies fcoMinwe4) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any V AT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events, non<haritable trading activities, and the sale of donated goods. expenditure on charitable aciivities includes all costs incurred by a charity in under(aktng activities that further its charitable aims for the benefit of its benefLCLaries, including those support costs and costs relating to the governance of the charity apportioned to charttable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitsble activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs atiributable to a single activiry are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cosL and subsequently stated at cost less any accumulated depreciation and Trmpairnient losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an assel less it5 residual value, over the use1 economic life of thal assel as follows". Freehold property Fixtures and fittings ?O/o straight line 200/0 Straight line Impairment of fixed assets A review for indicators of impainnent is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the canying value exceeds the recoverable amounl the asset 15 impaired accordingly. Prior impairn)ents are also reviewed for possible reversal at each reporting date. 16-
GS Trust Company Limited by Guarantee Notes to Ihe Financial Slatements fcoMiit*Narf) Year Ended 29th February 2024 Accounting policies (co11£) Financial instruments A f]nancial asset or a financial liability is Tecognised only when the entity becomes a paty to the contracLal provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rafr of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured a( the cash or other consideration expected to be paid or received and noi discounted. Limited by guarantee The charity is a company limited by guardntee and has no share capilal. In the event of the charity being wound up, the liabilities in respect of the guarantee is limited to £1 00 for each (3 directors) member of the chariry. Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds ?023 Donations Donations 3,161,512 3,161512 37,595 37,595 Cosls of raising donations and legaci Unrestricted fotal Funds Unrestricted Total Funds Funds 2024 Funds 2023 Costs of raising donations 64,981 64.981 54,483 54,483 Net incomel{expenditure) Net incomel(expenditure) is slated after chaTgin(¢d1I1ng)'. 2024 2023 Depreciation of tangible fixed &ssets 37266 28,051 17-
GS Trust Company Limited by Guarantee Notes to Ihe Financial Siatements Year Ended 29th February 2024 Auditors Fees & Independent examination fees 2024 2023 Audit of the financial statements Independent examination of the fmancial statemen Other assurance services 4,500 2,400 840 ),500 6,000 3,240 Slaff costs The average head count of employees durin8 the year was nil (2023: nil). The charity currently have a group of volunteers, who help in Ihe charity activities. No employee received beneftts of more than £60,000 during the year (2023: nil). 10. Trustee remuneration and expenses None of the trustees have been paid any remunerdtion or received any other benefits from an employfflent with their chariry or a related entity durin8 the year (2023 - £nil). No trustee expenses have been incurred during the year (2023 - £nil).
GS Trust Company Limited by Guarantee Notes to the Financial Statements Year Ended 29th February 2024 11. Tangible fixed assets Freehold Fixtures and property fittings Total Cosl At 1st Mah 2023 Additions 2,059,486 412,589 2,472,075 29,312 2,088,798 4,807 417?96 34,119 2,506,194 At 29th February 2024 Depreciation Ai I st March 2023 Charge for the year Ai 29th February 2024 Carrying amount At 29th February 2024 At 28th February 2023 70,384 30,442 100.826 5.862 6,824 12,686 76246 37,266 113512 2,371.249 1,989,102 21,433 2J92.682 23,450 2,012,552 12. Creditors: amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income 899 6,000 3,240 6,899 3.240 19-
GS Trust Company Limited by Guarantee Notes to the Financial Statements Year Ended 29th February 2024 13. Analysis of charitable funds Unrestricted funds At 1st March 2023 Al 29th February 2024 Income Expenditure General funds Unrestricted fund 3,161,512 (64,981) 3,096,531 2,296,744 2,296,744 2,296,744 3,161,512 (64,981) 5J93.275 At 1st March 2022 At28 February 2023 Income Expenditure General funds Unrestricted fill (240) (240) (54,243) 2,296,984 (54,483) 2,296,744 2,313,632 2,313,632 37,595 37,595 14. Analysis of net assets between funds Unrestricted fotal Funds Funds 2024 Tangible fixed assets Current assets Creditors less than l year Iyet assels 2,392,682 2,392,682 3,007,492 3,007,492 (6,899) (6,899) 5,393 ?75 5J93275 Unrestricted Total Funds Funds 2023 Tangible fixed assets Current &ssets Creditors less than l year Nel assets 2,012,552 2,012,552 287,432 287,432 (3,240) (3,240) 2,296,744 2,296,744 -20-
GS Trust Company Limited by Guarantee Noles to the Financial Statements {cowpn¥dJ Year Ended 29th February 2024 15. Analysis of changes in net debl At Al l Mar 2023 Cash flow5 29 Feb 2024 Cash at bank and in hand 287,432 2,720.060 3,007.492 16. Tr2nsactions with related parties Trustees are the key management of the charity. During the period, total donations of £2.5m were made by a wmpany which is related to one of the trustees. 21