2023-08-31-accounts - Gateways Educational Trust Limited

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`ReportoftheGovernors:ReferenceandAdministrativeInformation`	`GovernorsandCharityTrustees`	`TheGovernorsoftheschoolare alsotheCharityTrusteesandtheDirectorsoftheCompany.TheGovernorsarepermanentmembersandtheyarenotsubjectto`	`retirementbyrotation.Thefollowinggovernorsservedduringtheyear:`	`Committee` `Membership` `MeetingAttendance`	`29.11.22` `21.06.23`	`MrS Watson` `BAFCA` `Chairman` `Finance` `Committee` `X` `X`	`MrsG A BrennanBA(Hons),PGCE` `SafeguardingGovernor` `untilMay23` `ResignedJune2023`	`Prof.` `MG BrennanBA,MA,D.Phil` `Academic` `Committee` `ResignedNovember2022`	`MrsM CalvertBA(Hons),MA`	`MrCJChambersACA,Llb,Barrister` `ChairofFinance` `Finance` `Committee`	`SirRogerMarshOBE,DL,BSc,FCA,` `Finance`	`HonDUniv,CMgr,CCMI` `Committee`	`DrJ.Matharoo` `Academic` `Committee`	`MrR M Webster,BSc,MRICS` `Academic` `Committee`	`Mrs` `J.Borlant` `AppointedMarch2023`	`Ms.N Stephens` `SafeguardingGovernor` `fromJune23` `AppointedMay2023`

15 March 2024

	`GatewaysEducationalTrustLimited:(ACompanyLimitedbyGuarantee)`	`GatewaysEducationalTrustLimited:(ACompanyLimitedbyGuarantee)`
`Reportof`	`theGovernorsandFinancialStatements:FortheYearEnded31*August2023`
`StatementofFinancialActivities:YearEnding`		`31°August`	`2023`
		`2023`	`2022`
	`Notes`	`Unrestricted`
`Incomefrom:`
`Charitableactivities`
`Feesreceivable`		`7,862,416`	`6,037,844`
`Less:Scholarshipsandbursariesandspecialdiscount`		`-759,100`	`-659,889`
`Netfeesreceivable`		`7,103,316`	`5,377,955`
`Investments`
`Bankandotherinterest`		`9,722`	`569`
`Othertradingactivities`
`Sundryincome`		`77,008`	`97,044`
`Voluntarysources`
`Donations/ Grants`		`96,527`	`52,424`
`Totalincome`		`7,286,573`	`5,527,992`
`Expenditure:`
`Raisingfunds`
`Financingcosts`		`-219,851`	`-167,819`
`Costofotheractivities`		`-16,900`	`-15,000`
		`-236,751`	`-182,819`
`Charitableactivities`
`Education`		`-6,955,098`	`-5,224,294`
`Totalexpenditure`		`-7,191,849`	`-5,407,113`
`Netincomefortheyear`		`94,724`	`120,879`
`Netmovementinfunds`		`94,724`	`120,879`
`Balancesasat1 September2022`		`13,785,768`	`13,664,889`
`Balancescarriedforwardat31August2023`		`13,880,492`	`13,785,768`

		`GatewaysEducationalTrustLimited:(ACompanyLimitedbyGuarantee)`	`GatewaysEducationalTrustLimited:(ACompanyLimitedbyGuarantee)`	`GatewaysEducationalTrustLimited:(ACompanyLimitedbyGuarantee)`
	`Report`	`oftheGovernorsandFinancialStatements:FortheYearEnded31%`		`August`	`2023`
`3.Donations`	`and`	`Grants`
`Donations`
`Grant`
`OtherIncomingResources`
`Registrationfees`
`Propertylettings`
`Sundryincome`
`4.Expenditure`
`Governancecostsinclude:`
`Auditorremuneration`
`5.StaffCosts`
			`2023`		`2022`
			`£`		`£`
`Wagesandsalaries`			`3,431,246`	`2,757,289`
`Socialsecuritycosts`			`336,268`	`268,037`
`Pensioncontributions`			`515,240`	`388,623`
			`4,282,754`	`3,413,949`
			`2023`		`2022`
`Theaveragenumber`		`ofemployeesintheyearwas:`	`No.`		`No.`
`Teaching`	`Fulltime`
	`Part`	`time`
`Domestic`
`Administration`

	`GatewaysEducationalTrustLimited:(ACompanyLimited`	`GatewaysEducationalTrustLimited:(ACompanyLimited`	`byGuarantee)`
`Reportof`	`theGovernorsandFinancialStatements:FortheYearEnded31stAugust2023`
`8.AnalysisofTotal`	`Expenditure`
	`Staffcosts`	`Other`	`Depreciation`
	`(Note5)`		`(Note9)`
	`£`		`£`
`CharitableExpenditure:`
`Teachingcosts`	`4,120,505`	`1,756,452`	`65,558`	`5,942,515`
`Premises`	`162,249`	`543,108`	`307,226`	`1,012,583`
`Governancecosts`		`16,900`		`16,900`
`TotalEducationcosts`	`4,282,754`	`2,316,460`	`372,784`	`6,971,998`
`Otherexpenditure:`
`Financecosts`		`219,851`		`219,851`
`Totalexpenditure`	`4,282,754`	`2,536,311`	`372,784`	`7,191,849`
	`Staffcosts`	`Other`	`Depreciation`	`Total`
	`(Note5)`		`(Note9)`	`2022`
	`£`		`£`	`£`
`CharitableExpenditure:`
`Teachingcosts`	`3,283,484`	`1,110,260`	`66,607`	`4,460,351`
`Premises`	`130,465`	`416,563`	`216,915`	`763,943`
`Governancecosts`		`15,000`		`15,000`
`TotalEducationcosts`	`3,413,949`	`1,541,823`	`283,522`	`5,239,294`
`Otherexpenditure:`
`Financecosts`		`167,819`		`167,819`
`Totalexpenditure`	`3,413,949`	`1,709,642`	`283,522`	`5,407,113`
`SupportCostsInclude:`			`2023`	`2022`
			`£`	`£`
`Associatestaffsalaries`			`483,631`	`500,717`
`Cateringcosts`			`493,557`	`390,609`
`Marketingcosts`			`40,256`	`39,480`
			`1,017,444`	`930,806`
`Thesecostsareincluded`	`inthetableaboveaspartofTeachingcosts.`

		`GatewaysEducationalTrustLimited:(ACompanyLimitedbyGuarantee)`	`GatewaysEducationalTrustLimited:(ACompanyLimitedbyGuarantee)`	`GatewaysEducationalTrustLimited:(ACompanyLimitedbyGuarantee)`
	`Reportof`	`theGovernorsandFinancialStatements:FortheYearEnded31**August2023`
`Thenetcarrying`	`valueoftangiblefixedassetsincludesthefollowingin`			`respectofassetsheldunder`
`financeleasesor`	`hirepurchasecontracts.Thedepreciationchargeamountedto£28,977(2022- £34,772)`
`fortheyear.`
			`2023`	`2022`
`FixturesandFittingsCost`
`Accumulateddepreciation`
`Netbookvalue`
`ITEquipmentCost`			`106,396`	`106,396`
`Accumulateddepreciation`			`-51,779`	`-30,500`
`Netbookvalue`			`54,617`	`75,896`
			`2023`	`2022`
`VehicleCost`
`Accumulateddepreciation`
`Netbookvalue`
`10.Debtors`
			`2023`	`2022`
			`£`	`£`
`Fees`			`72,036`	`139,293`
`Prepaymentsandother`		`debtors`	`52,759`	`78,214`
			`124,795`	`217,507`
`11.Creditors`	`DueWithinOneYear`
			`2023`	`2022`
			`£`	`£`
`Bankloan`			`25,475`	`66,921`
`Tradecreditors`			`188,105`	`173,758`
`Taxesandsocial`	`security`		`84,932`	`59,685`
`Othercreditors`			`163,441`	`58,428`
`FeesinAdvance`			`2,151,750`	`1,905,084`
`Financelease`			`36,248`	`37,346`
`Accrualsanddeferredincome`			`320,673`	`244,334`
			`2,970,624`	`2,545,556`

	`Gateways`	`Gateways`	`EducationalTrustLimited:(ACompany`	`LimitedbyGuarantee)`
`Reportof`	`the`	`GovernorsandFinancialStatements:FortheYearEnded31*August`			`2023`
`20.ComparativeStatement`			`ofFinancialActivities`
`Incomingresources`
`Incomefromcharitable`	`activities`
`Feesreceivable`				`6,037,844`	`4,786,405`
`Less:Scholarshipsandbursaries`				`-659,889`	`-484,069`
`Netfeesreceivable`				`5,377,955`	`4,302,336`
`Incomingresourcesfrom`
`generatedfunds`
`Bankandotherinterest`				`569`	`118`
`Sundryincome`				`97,044`	`95,542`
`Donations/ Grants`				`52,424`	`91,234`
`Totalincomingresources`				`5,527,992`	`3,556,769`
`Resourcesexpended`
`Costsofgeneratingfunds`
`Financeandothercosts`				`-182,819`	`-98,028`
				`-182,819`	`-98,028`
`Charitableactivities`
`Teachingcosts`				`-4,460,351`	`-3,506,833`
`Premises`				`-763,943`	`-720,396`
`Governancecosts`				`-15,000`	`-18,238`
`Totalresourcesexpended`				`-5,422,113`	`-4,343,495`
`Netincomingresources`				`105,879`	`145,735`
`Netmovementinfunds`				`105,879`	`145,735`
`Transferbetweenreserves`				`-`		`-`
`Revaluationoftangiblefixedassets`				`-`
`Balancesasat1 September`		`2021`		`13,664,889`	`13,519,154`
`Balancescarriedforward` `August2022`		`at`	`31`	`13,770,768`	`13,664,889`