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|||||Pages|
|---|---|---|---|---|
|Trustees'
annual
report (incorporating
the||directors'|report)|1 to 12|
|Independent
auditor's
report to|the members|||13to 16|
|Statement offinancial
activities|(including|income and|||
|expenditure
account)||||17|
|Statement offinancial
position||||18|
|Statement
ofcash flows||||19|
|Notes to the report and financial|statements|||20to 29|
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|Reference|and adm||inistrative
|inistrative
|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|||||R Bhumbra|||||
||||||R Newhall|||||
||||||J CScott|||||
||||||JSBeck|||||
||||||J Hodgson|||||
||||||SBPritchett-Brown|||||
||||||I Duncan||||(Resigned 31August 2023)|
||||||C J Clark||||(Resigned 31August 2023)|
||||||M E Punt||||(Resigned 8 December 2022)|
|Key management||personnel|||S Korbay (head)|||||
||||||TC Sewell (bursar)|||||
|Company|secretary||||TC Sewell|||||
|Auditor|||||Quay Business|Advice|Limited|||
||||||Chartered
accountants||&statutory||auditors|
||||||1 Town Quay Wharf|||||
||||||Abbey Road|||||
||||||Barking|||||
||||||Essex
IG11 7BZ|||||
|Banks m|||||Lloyds TSBPic|||||
||||||Threadneedle
Street Branch|||||
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||||||2023|2023|2022|
|---|---|---|---|---|---|---|---|
||||||Unrestricted|||
||||||funds|Total funds|Total funds|
|||||Note|6|6|E|
|Income and|endowments|||||||
|Donations
and legacies||||4|28,000|28,000|5,000|
|Charitable
activities||||5|7,534,364|7,534,364|6,657,706|
|Investment|income|||6|447|447|17|
|Total income|||||7,562,811|7,562,811|6,662,723|
|Expenditure||||||||
|Expenditure|on charitable|activities||7|(6,905,586)|(6,905,586)|(6,277,764)|
|Total expenditure|||||(6,905,586)|(6,905,586)|(6,277,784)|
|Net income|and net movement||in funds||657,225|657,225|384,939|
|Reconciliation
offunds||||||||
|Total funds|brought
forward||||7,589,407|7,589,407|7,204,468|
|Total funds|carried forward||||8,246,632|8,246,632|7,589,407|
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|31August|202|3||||||
|---|---|---|---|---|---|---|---|
||||||2023||2022|
|||||Note|5||S|
|Fixed assets||||||||
|Tangible fixed assets||||13||8,079,285|8,390,399|
|Current assets||||||||
|Debtors||||14|207,969||109,801|
|Cash at bank|and|in|hand||3,048,385||2,131,270|
||||||3,256,354||2,241,071|
|Creditors: amounts|||falling due within one year|15|(1,764,306)||(1,280,977)|
|Net current|assets|||||1,492,048|960,094|
|Total assets|less|current liabilities||||9,571,333|9,350,493|
|Creditors: amounts|||falling due after more than|||||
|one year||||16||(1,324,694)|(1,781,079)|
|Net assets||||||8,246,639|7,589,414|
|Funds ofthe charity||||||||
|Share capital||||||7|7|
|Unrestricted|funds|||||8,246,632|7,589,407|
|Total charity|funds|||||8,246,639|7,589,414|
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|Year ended 31August||2023|||||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||||F|
|Cash flows from operating||activities|||||
|Net income|||||657,225|384,939|
|Adjustments
for.|||||||
|Depreciation
oftangible
fixed||assets|||359,345|374,313|
|Other interest receivable and||similar income|||(447)|(17)|
|Interest payable
and similar|charges||||122,063|75,447|
|Changes in:|||||||
|Trade and other debtors|||||(98,168)|47,700|
|Trade and other creditors|||||464,906|19,728|
|Cash generated
from operations|||||1,504,924|902,110|
|Interest payable
and similar|charges||||(122,063)|(75,447)|
|Interest received|||||447|17|
|Net cash from operating
activities|||||1,383,308|826,680|
|Cash flows from investing|activities||||||
|Purchase
oftangible assets|||||(48,231)|(72,607)|
|Net cash used
in investing|activities||||(48,231)|(72,607)|
|Cash flows from financing||activities|||||
|Repayment
ofborrowings|||||(417,962)|(165,649)|
|Net cash used
in financing|activities||||(417,962)|(165,649)|
|Net increase
in cash and|cash equivalents||||917,115|588,424|
|Cash and cash equivalents||at beginning|ofyear||2,131,270|1,542,846|
|Cash and cash equivalents||at end ofyear|||3,048,385|2,131,270|
|Analysis ofchanges
in net||debt|||||
|||||||At|
|||||At1 Sap 2022|Cash flows|31Aug 2023|
||||||6|6|
|Cash at bank and
in hand||||2,131,270|917,115|3,048,385|
|Debt due within one year||||(457,183)|(18,423)|(475,606)|
|Debt due after one year||||(1,761,079)|436,385|(1,324,694)|
|||||(86,992)|1,335,077|1,248,085|
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|Charitable
a|ctivi|ties|||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Total Funds|Unrestricted|
|||||Funds|2023|Funds 2022|
|||||6|||
|Fees income||||6,988,114|6,988,114|6,200,142|
|After school|club,|activities|and music|361,642|361,642|310,443|
|Prompt payment||discounts|net of||||
|admin fees charged||||(31,050)|(31,050)|(30,500)|
|Transport||||190,705|190,705|137,939|
|Registration|fees|||22,529|22,529|37,510|
|Other income||||2,424|2,424|2,172|
|||||7,534,364|7,534,364|6,657,706|
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|6.|Investment|income||||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Total Funds|Unrestricted|
||||||Funds|2023|Funds 2022|
||||||E|E|E|
||Bank interest|receivable|||447|447|17|
|7.|Analysis of|expenditure|on charitable|activities||||
|||||||2023|2022|
||School operation costs|||||||
||Staff costs|||||4,828,635|4,301,079|
||Educational|supplies||||394,359|335,803|
||Catering costs|||||429,496|397,708|
||Premises costs|||||526,260|527,993|
||Transport expenses|||||98,956|81,901|
||Depreciation|||||359,345|374,313|
||Finance costs|||||122,063|75,447|
||Support and|governance|costs|||146,472|183,540|
|||||||6,905,586|6,277,784|
|Expenditure
on
charitable
activities
was f6,9
unrestricted.|05,585 (2022 - E6,277,784)
all
of|which
was|
|---|---|---|
|Finance costs|||
|Interest on bank loans|116,427|67,748|
|Bank charges|5,636|7,699|
||122,063|75,447|
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|8.|Support an|d governance
costs|||
|---|---|---|---|---|
||||2023|2022|
|||||r|
||Support costs||||
||Legal and professional||71,277|108,624|
||Telephone,|postage and stationery|17,689|21,631|
||General expenses||31,886|25,865|
||||120,852|156,120|
||Governance|costs|||
||Audit fees||10,500|10,020|
||Accountancy|fees|15,120|17,400|
||||25,620|27,420|
|9.|Net income||||
||Net income|is stated affer charging/(crediting):|||
||||2023|2022|
||Depreciation|oftangible fixed assets|359,345|374,313|
||Operating
lease rentals||16,831|30,109|
|10.|Auditors
remuneration||||
||||2023|2022|
||||6|6|
||Fees payable for the audit ofthe report and financial statements||10,500|10,020|
##
|offull-tim|e
equivalent
em|ployees
during
the year is analy|sed
as follows:|
|---|---|---|---|
||||2023|
||||No.|
|Number|ofteachers and|support staff|95|
|Number|ofadministrative|staff|6|
||||101|
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|Staff costa (continual)|||||
|---|---|---|---|---|
|The number ofemployees|whose remuneration|for the year fell|within the following|bands, were:|
||||2023|2022|
||||No.|No.|
|f60,000to 669,999|||10|12|
|670,000to 579,999|||1|3|
|580,000to f89,999|||4|2|
|f90,000to 599,999|||1|1|
|f100,000toE109,999|||1|1|
|f110,000to 6119,999|||2|1|
||||19|20|
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|No trustees
in this or the previous
year
charity.
Tangible fixed assets|has claimed expenses
or ha|d their expense|s
met by the|
|---|---|---|---|
|||Improvements||
||Equipment|to property|Total|
||5|E|5|
|Coat||||
|At 1 September 2022|661,660|10,552,686|11,214,346|
|Additions|48,231||48,231|
|At 31August 2023|709,891|10,552,686|11,262,577|
|Depreciation||||
|At 1 September 2022|489,988|2,333,959|2,823,947|
|Charge for the year|54,977|304,368|359,345|
|At 31August 2023|544,965|2,638,327|3,183,292|
|Carrying
amount||||
|At 31August 2023|164,926|7,914,359|8,079,285|
|At 31August 2022|171,672|8,218,727|8,390,399|
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|Debtors|||||
|---|---|---|---|---|
||||2023|2022|
||||6|5|
|Trade debtors|||101,928|45,181|
|Prepayments|and accrued income||106,041|58,488|
|Other debtors||||8,132|
||||207,969|109,801|
|Creditors: amounts||falling due within one year|||
||||2023|2022|
||||5|F|
|Bank loans and overdrafts|||475,606|457,183|
|Trade creditors|||75,060|17,864|
|Accruals and|deferred|income|861,637|522,474|
|Social security|and other taxes||96,323|16|
|Other creditors|||255,680|183,440|
||||1,764,306|1,280,977|
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|2023|2022|
|---|---|
|6||
|1,324,694|1,761,079|
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|Operating
lea|Operating
lea|se commit|ments|||||
|---|---|---|---|---|---|---|---|
|The total future||minimum|lease payments|under non-cancellable|operating|leases are as follows.||
|||||||2023|2022|
||||||||6|
|Not later than||1 year||||119,480|145,469|
|Later than|1 year and not||later than 5years|||419,708|439,632|
|Later than|5years||||2,101,596||2,201,672|
||||||2,540,784||2,786,793|
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