2021-08-31-accounts - Gatehouse Educational Trust Limited

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				Pages
Trustees' annual report (incorporating the		directors'	report)	1 to 12
Independent auditor's report to	the members			13to 17
Statement offinancial activities	(including	income and
expenditure account)
Statement offinancial position				19
Statement ofcash flows				20
Notes to the report and financial	statements			21 to 29

The	financial	financial	financial	statements	statements	statements	statements	statements	comply with the Charities	comply with the Charities	comply with the Charities	Act	2011,	2011,	the	the	Companies	Companies	Act	Act	2006,	the
Memorandum				and		Articles			of	Association, and Accounting and Reporting							by	Chadities:		Statement		of
Recommended					Practice				applicable to charities preparing				their	accounts				in accordance			with	the
Financial		Reporting					Standard			applicable in the UK and Republic of Ireland							(FRS102).
Reference			and	administrative							details
Registered			charity				name				The Gatehouse Educational		Trust	Limited
Charity registration							number				282558
Company			registration					number			01536398
Principal		office			and		registered				Gatehouse School
office											Sewardstone Road
											Victoria Park
											London
											E29JG
Website											www. gatehouseschool.	co.uk
The	trustees										I Duncan
											R Arnold (Resigned 6e September				21)
											Sir A Everington MD OBE(Resigned					6e	September		21)
											R Newhall
											D Graham (resigned 15e March 21)
											CJ Clark
											J C Scott
											JS Beck
											BCanham (Resigned	20e October			20)
											M E Punt (appointed 23"November					20)
											J Hodgson (appointed	24e	March	21)
											Since the year end:
											R Bhumbra was appointed		on 6e	September				21
Key	management					personnel					S Korbay (head)
											TC Sewell (bursar)
Company			secretary								TC Sewell
Auditors											Quay Business Advice	Limited
											Chartered accountants	&statutory			auditors
											1 Town Quay Wharf
											Abbey Road
											Barking
											Essex IG11 7BZ
Bankers											Lloyds TSBPic
											Threadneedle Street Branch

Statement ofCash Fl Year ended 31August	ows 2021
				2021	2020
Cash flows from operating Net income	activities			833,156	620,752
Adjustments for:
Depreciation oftangible fixed assets				363,378	388,426
Other interest receivable and similar income				(20)	(5,359)
Interest payable and similar	charges			67,656	95,118
Changes in:
Trade and other debtors				36,200	(31,510)
Trade and other creditors				89,327	66,895
Cash generated from operations				1,389,697	1,134,312
Interest payable and similar Interest received	charges			(67,656) 20	(96,118) 6,369
Net cash from operating activities				1,322,061	1,044,563
Cash flows from investing	activities
Purchase oftangible assets				(302,891)	(63,851)
Net cash used in investing	activities			(302,891)	(63,851)
Cash flows from financing	activities
Repayment of borrowings				(836,809)	(421,854)
Net cash used in financing	activities			(836,809)	(421,654)
Net increase in cash and	cash equivalents			182,361	558,858
Cash and cash equivalents at beginning		ofyear		1,360,485	801,627
Cash and cash equivalents at end ofyear				1,542,846	1,360,485
Analysis ofchanges in net debt
					At
			At 1 Sep 2020	Cash flows	31 Aug 2021
			5	F
Cash at bank and in hand			1,360,485	182,361	1,542,846
Debt due within one year Debt due after one year			(469,992) (2,750,728)	69,291 767,518	(400,701) (1,983,210)
			(1,860,235)	1,019,170	(841,065)

4.	Donations	a	nd l	egacies
						Unrestricted	Total Funds	Unrestricted
						Funds f	2021 6	Funds 2020 B
	Donations
	Donations					12,130	12,130	8,592
	Grants
	Government		grant income			11,751	11,751	72,516
						23,881	23,881	81,108
5.	Charitable	activities
						Unrestricted	Total Funds	Unrestricted
						Funds 6	2021	Funds 2020 f
	Fees income					5,986,531	5,986,531	5,352,467
	After school		club,	activities	and music	106,665	106,665	199,349
	Prompt payment			discounts	net of
	admin fees Transport	charged				(27,350)	(27,350)	(27,750) 126,119
	Registration fees Other income					29,850 81	29,850 81	23,625 531
						6,095,777	6,095,777	5,674,341
6.	Investment		income
						Total Funds	Total Funds	Unrestricted
						2021	2021	Funds 2020
						6	6	F
	Bank interest		receivable			20	20	6,369

	Analysis ofexpenditure		on charitable	on charitable	activities	2021	2020
						6	F
	School operation costs Staff costs					3,710,818	3,553,655
	Educational supplies Catering costs					272,814 309,977	340,511 232,796
	Premises costs					422,969	362,551
	Transport expenses Depreciation Finance costs					42,687 363,378 67,656	84,955 388,426 96,118
	Support and governance	costs				96,223	82,054
						5286 522	5 141 066
	Expenditure on charitable		activities	was 65,286,522 (2020 - 65,141,086) all of which was
	unrestricted.
	Finance costs
	Interest on bank loans					61,227	91,112
	Bank charges					6,429	5,006
						67,656	96,118
	Support and governance		costs			2021	2020
						6	5
	Support costs Legal and professional Telephone, postage and General expenses	stationery				36,989 16,380 19,544	26,701 18,264 18,399
						72,913	63,364
	Governance costs
	Audit fees					9,540	9,390
	Accountancy fees					13,770	9,300
						23,310	18,690
	Net income
	Net income is stated after		charging/(crediting):
						2021	2020
						F	F
	Depreciation oftangible	fixed assets				363,378	388,426
	Operating lease rentals					29,936	27,057
10.	Auditors remuneration
						2021	2020
							F
	Fees payable for the audit		ofthe report		and financial statements	9,540	9,390

Staff cos	ts
The total	staff costs and	employee	benefits for the reporting	period are analysed as	follows:
				2021	2020
				6	F
Wages and salaries Social security costs				2,982,698 287,527	2,866,107 277,817
Employer	contributions	to pension	plans	440,592	409,732
				3,710,817	3,553,656

The average	monthly	count of employees	count of employees	count of employees	during the year was 79 (2020:	86)	The average
number offull-time equivalent			employees	during	the year is analysed as follows:
					2021		2020
					No.		No.
						75	81
						4	5
						79	86
The number	ofemployees	whose remuneration			for the year fell within the following		bands, were:
					2021		2020
					No.		No.
560,000to F69,999						6	6
670,000to 579,999						4	5
680,000to 289,999						3	3
590,000toF99,999						1
6100,000to	F109,999					1	1
						15	15

13.	Tangible fixed assets
			Fixtures,	Improvements
			fittings &	to leasehold
			equipment f	property F	Total
	Cost At 1 September 2020 Additions		644,148 24,448	10,265,281 278,443	10,909,409 302,891
	At 31August 2021		688,596	10,543,704	11,212,300
	Depreciation At 1 September 2020 Charge for the year		431,273 59,331	1,725,544 304,047	2,156,817 363,378
	At 31August 2021		490,604	2,029,591	2,520,195
	Carrying amount At 31August 2021		177,992	8,514,113	8,692,105
	At 31August 2020		212,875	8,539,717	8,752,592
14.	Debtors
				2021	2020
	Trade debtors Prepayments and accrued income Other debtors			84,668 66,797 6,036	60,104 127,713 5,884
				157,501	193,701
15.	Creditors: amounts	falling due within one year
				2021f	2020 5
	Bank loans and overdrafts			400,701	469,992
	Trade creditors			42,498	56,878
	Accruals and deferred	income		600,928	519,056
	Other creditors			160,640	138,805
				1,204,767	1,184,731

The amo follows:	rt and Financial Statemen	ts for government gra	nts are as
		2021	2020
		8	F
Recognised in income from donations Furlough claims	and legacies:	11,751	72,515

Operating lease commit	ments
The total future minimum	lease payments	under non-cancellable	operating leases are 2021	as follows: 2020
			8
Not later than 1 year Later than 1 year and not Later than 5years	later than 5years		122,146 416,142 2,301,748	129,346 438,212 2,401,824
			2,840,036	2,969,382