2022-08-31-accounts - Gateways Educational Trust Limited

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2 May 2023

	`GatewaysEducationalTrustLimited:(ACompanyLimitedbyGuarantee)`	`GatewaysEducationalTrustLimited:(ACompanyLimitedbyGuarantee)`
`Reportof`	`theGovernorsandFinancialStatements:FortheYearEnded31stAugust2022`
`StatementofFinancialActivities:YearEnding31°August`			`2022`
		`2022`	`2021`
		`Unrestricted`
`Incomefrom:`
`Charitableactivities`
`Feesreceivable`		`6,037,844`	`4,786,405`
`Less:Scholarshipsandbursariesandspecialdiscount`		`-659,889`	`-484,069`
`Netfeesreceivable`		`5,377,955`	`4,302,336`
`Investments`
`Bankandotherinterest`		`569`	`118`
`Othertradingactivities`
`Sundryincome`		`97,044`	`95,542`
`Voluntarysources`
`Donations/ Grants`		`52,424`	`91,234`
`Totalincome`		`5,527,992`	`4,489,230`
`Expenditure:`
`Raisingfunds`
`Financingcosts`		`-167,819`
`Costofotheractivities` `Charitableactivities` `Education` `Totalexpenditure` `Netincomefortheyear` `Netmovementinfunds` `Balancesasat1 September2021` `Balancescarriedforwardat31August2022` `The notesonpages18to31formpartof`		`-15,000` `-182,819` `-5,224,294` `-5,407,113` `120,879` `120,879` `13,664,889` `13,785,768` `thesefinancialstatements.`	`-4,245,467` `-4,343,495` `145,735` `145,735` `13,519,154` `13,664,889`

	`GatewaysEducationalTrust`	`GatewaysEducationalTrust`	`Limited:`	`(ACompanyLimited`	`(ACompanyLimited`	`(ACompanyLimited`	`byGuarantee)`	`byGuarantee)`	`byGuarantee)`
`ReportoftheGovernors`		`andFinancial`	`Statements:For`		`theYear`	`Ended31%`			`August2022`
`9.FixedAsset`
	`FreeholdLand` `andBuildings`	`Furniture,` `Fixtures` `andFittings`	`Computer` `Equipment`			`Vehicles`			`Projects` `in` `Progress`
	`£`	`£`		`£`						`£`
`Cost`
`At1 September` `2021`	`15,431,997`	`396,436`		`331,504`					`1,113,416`		`17,273,353`
`Additions`	`148,145`	`76,871`		`40,270`					`504,615`		`808,390`
`Disposals`
`At 31August2022`	`15,580,142`	`473,307`		`371,774`					`1,618,031`		`18,081,743`
`Depreciation`
`At31August2021`	`540,066`	`183,262`		`111,686`							`835,014`
`Chargeforyear`	`171,629`	`38,828`		`66,607`							`283,521`
`Disposals`	`=`		`=`		`=`						`-`
`At 31August2022`	`711,695`	`222,090`		`178,293`							`1,118,535`
`NetBookValue`
`At 31August2022`	`14,868,447`	`251,217`		`193,481`					`1,618,031`		`16,963,208`
`At31August2021`	`14,891,931`	`213,174`		`219,818`				`-`	`1,113,416`		`16,438,339`
`AllassetsheldbytheCompanyareconsideredby`			`theGovernorstobeheldfor`						`directcharitablepurposes.`
`Freeholdlandand`	`buildingsarevaluedbyindependent`			`valuerseveryfiveyears.Thedirectorsreviewthe`
`valuationoftheportfolioeveryyear.`		`Thelastvaluation`		`wascarriedout`			`on31`		`August2018.`		`Thefairvalue`
`wasmeasuredusingdepreciatedreplacementcost.`
`Freeholdbuildings`	`aredepreciatedona straight`		`linebasisover`		`their`	`estimatedusefullifeof`					`100years,or`
`30yearsfortemporarybuildings.A furtherprovisionof`				`20%is`	`made`	`tocover`			`functional`	`obsolescenceand`
`5%tocovereconomicobsolescence.`
`Thefreeholdland`	`and buildingsarepledgedassecurity`			`forthe`	`bank`	`loan.`
`Thevalueinprojectsinprogressrelatestotheacquisitionand`					`refurbishment`			`ofTheOld`		`Vicarage.Thiswas`
`openedasournew6"Formcentrein`		`September`	`2022.`
`Thehistoricalcost`	`ofrevalued freeholdlandand`		`buildingswithinthe`			`Schoolis:`
					`2022`				`2021`
					`£`				`£`
`Historicalcost`				`6,894,548`			`6,746,403`
`Accumulateddepreciation`				`-2,550,386`		`-2,481,440`
`Historicalcostnetbookvalue`				`4,344,162`			`4,264,963`