## ## ## ## |||||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|||||||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||2021|2021|2020| |---|---|---|---|---|---|---| |||||Unrestricted||| |||||funds|Total funds|Total funds| ||||Note||6|| |Income and endowments||||||| |Donations
and legacies|||4|23,881|23,881|81,108| |Charitable
activities|||5|6,095,777|6,095,777|5,674,341| |Investment
income|||6|20|20|6,369| |Total income||||6,119,678|6,119,678|5,761,818| |Expenditure||||||| |Expenditure
on charitable|activities||7|(5,286,522)|(5,286,522)|(5,141,066)| |Total expenditure||||(5,286,522)|(5,286,522)|(5,141,066)| |Net income and net movement||in funds||833,156|833,156|620,752| |Reconciliation
offunds||||||| |Total funds brought
forward||||6,371,312|6,371,312|5,750,560| |Total funds carried forward||||7,204,468|7,204,468|6,371,312| ## ## ## ## |||||||2021||2020| |---|---|---|---|---|---|---|---|---| ||||||Note|6||| |Fixed assets||||||||| |Tangible fixed assets|||||13||8,692,105|8,752,592| |Current assets||||||||| |Debtors|||||14|157,501||193,701| |Cash at bank|and|in|hand|||1,542,846||1,360,485| |||||||1,700,347||1,554,186| |Creditors: amounts|||falling|due within one year|15|(1,204,767)||(1,164,731)| |Net current assets|||||||495,580|369,455| |Total assets|less|current||liabilities|||9,187,685|9,122,047| |Creditors: amounts|||falling|due after more than||||| |one year|||||16||(1,983,210)|(2,750,726)| |Net assets|||||||7,204,475|6,371,319| |Funds ofthe charity||||||||| |Share capital|||||||7|7| |Unrestricted|funds||||||7,204,468|6,371,312| |Total charity|funds||||||7,204,475|6,371,319| ## ## ## ## |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|head|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:|unts|recognised
in the Repo|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| ## ## ##