2024-08-31-accounts - Gateways Educational Trust Limited

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31 March 2025

		`GatewaysEducationalTrustLimited:(ACompanyLimitedbyGuarantee)`	`GatewaysEducationalTrustLimited:(ACompanyLimitedbyGuarantee)`	`GatewaysEducationalTrustLimited:(ACompanyLimitedbyGuarantee)`
	`Reportof`	`theGovernorsandFinancialStatements:For theYearEnded315tAugust`			`2024`
`3.Donations`	`andGrants`
`Donations`
`Grant`
`OtherIncoming`	`Resources`
`Registrationfees`
`Propertylettings`
`Sundryincome`
`4.Expenditure`
`Governancecostsinclude:`
`Auditorremuneration`
`5.StaffCosts`
			`2024`	`2023`
			`£`		`£`
`Wagesandsalaries`			`4,057,137`	`3,431,246`
`Socialsecuritycosts`			`402,762`	`336,268`
`Pensioncontributions`			`669,375`	`515,240`
			`5,129,274`	`4,282,754`
			`2024`	`2023`
`Theaveragenumberofemployeesintheyearwas:`			`No.`		`No.`
`Teaching`	`Fulltime`		`59`		`69`
	`Parttime`		`34`		`24`
`Administration`			`28`		`20`

`GatewaysEducationalTrustLimited:(ACompanyLimitedbyGuarantee)`	`GatewaysEducationalTrustLimited:(ACompanyLimitedbyGuarantee)`	`GatewaysEducationalTrustLimited:(ACompanyLimitedbyGuarantee)`	`GatewaysEducationalTrustLimited:(ACompanyLimitedbyGuarantee)`
`ReportoftheGovernorsandFinancialStatements:FortheYearEnded315t`			`August2024`
`Numberofemployeeswhoseemolumentsfellwithineachofthefollowing`	`bands:`
`£60,001- £70,000`
`£70,001- £80,000`
`£80,001- £90,000`
`£90,001- £100,000`
`£100,001- £110,000`
`£110,001- £120,000`
`£120,001- £130,000`
`£130,001- £140,000`
`£140,001- £150,000`
`£150,001- £160,000`
`£160,001- £170,000`
`£160,001- £180,000`
`£180,001- £190,000`
`£190,001- £200,000`
`Employeepensionrightsareexplainedinnote17.`
`ThekeymanagementpersonnelofthecharitycomprisetheHead,DeputyHeadsandBursar.Thetotal`
`employeebenefitsofthe keymanagementpersonnelwere£591,502`	`(2023:`	`£510,209).Thepay and`
`renumerationofkeymanagementpersonnelaredeterminedbythemembersoftheFinancecommittee.`
`Indoingsotheyassessmarketratesfromotherindependentschools.`
`6.TrusteesExpensesandRemuneration`
`Noremunerationorexpenseswerepaidtothetrusteesfortheirservicesas`		`trusteesduringtheperiod.`
	`2024`		`2023`
	`£`		`£`
`Trusteeindemnityinsurancepremium`	`1,849`		`2,800`
`7.FinanceandOtherCosts`
	`2024`		`2023`
		`£`	`£`
`Loaninterest`	`192,691`		`178,222`
`Otherinterestandcharges`	`18,451`		`19,629`
`Baddebts`	`30,000`		`22,000`
	`241,142`		`219,851`

	`GatewaysEducationalTrustLimited:(ACompanyLimited`	`GatewaysEducationalTrustLimited:(ACompanyLimited`	`byGuarantee)`
`Reportof`	`theGovernorsandFinancialStatements:FortheYearEnded315tAugust2024`
`8.AnalysisofTotal`	`Expenditure`
	`Staffcosts`	`Other`	`Depreciation`
	`(Note5)`		`(Note9)`
	`£`		`£`
`CharitableExpenditure:`
`Teachingcosts`	`4,944,803`	`1,958,656`	`-`	`6,903,459`
`Premises`	`184,471`	`596,028`	`455,788`	`1,236,287`
`Governancecosts`	`-`	`40,340`	`-`	`40,340`
`TotalEducationcosts`	`5,129,274`	`2,595,024`	`455,788`	`8,180,086`
`Otherexpenditure:`
`Financecosts`		`241,142`		`241,142`
`Totalexpenditure`	`5,129,274`	`2,836,166`	`455,788`	`8,421,228`
	`Staffcosts`	`Other`	`Depreciation`	`Total`
	`(Note5)`		`(Note9)`	`2023`
	`£`		`£`	`£`
`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`
`SupportCostsInclude:`			`2024`	`2023`
			`£`	`£`
`Associatestaffsalaries`			`474,243`	`483,631`
`Cateringcosts`			`554,662`	`493,557`
`Marketingcosts`			`35,317`	`40,256`
			`1,064,222`	`1,017,444`

	`GatewaysEducationalTrustLimited:(ACompany`	`GatewaysEducationalTrustLimited:(ACompany`	`LimitedbyGuarantee)`	`LimitedbyGuarantee)`	`LimitedbyGuarantee)`
	`ReportoftheGovernorsandFinancialStatements:FortheYear`			`Ended315tAugust2024`
`12.Creditors`	`DueAfterMoreThanOneYear`
		`2024`		`2023`
			`£`		`£`
`Accrualsanddeferredincome:finaltermdeposits`		`113,636`		`156,675`
`FeesinAdvance`	`(note13)`	`1,045,078`			`-`
`OtherCreditors`		`50,000`		`12,257`
`Bankloan`		`2,296,525`		`2,408,393`
`Financelease/`	`HirePurchase`	`2,972`		`19,014`
		`3,508,211`		`2,596,339`
`BankLoans`
		`2024`		`2023`
`Thebankloanisrepayableininstalmentsasfollows:`		`£`		`£`
`Duewithinone`	`year`	`75,630`		`25,475`
`Duewithintwo`	`tofiveyears`	`377,499`		`313,822`
`Dueafterfiveyears`		`1,919,026`		`2,094,571`
		`2,372,155`		`2,433,868`
`Thebankloanis`	`securedbyfixedandfloatingchargesovertheassets`			`ofthecharity.Thetwoprevious`
`loanshavebeen`	`repaidandconsolidatedintoa single largerloan.The`			`increaseintheloanvaluewasto`
`purchaseTheOld`	`Vicarage.`
`Fortheyearending31August2024bankloansattracted`		`aninterestrateof3.40%`			`abovebaserate(2023:`
`3.40%).Thefinal`	`repaymentdatefortheloanis128August2041.`
`FinanceLeases`		`2024`
`Financeleasesarerepayableininstalmentsas`
`follows:`
`Withinoneyear`
`Betweenoneandfiveyears`
`Afterfiveyears`
`Deferredincome`
`Elementsofincomedeferredforthecompanyareasfollows:`
		`2024`		`2023`
		`£`		`£`
`Feesinadvance`	`current4 standard`	`2,038,620`		`2,151,750`
`Feesinadvance`	`current4 composite(note13)`	`591,057`		`-`
`Feesinadvance`	`non-current(note13)`	`1,045,078`		`-`
`Finaltermdeposits`		`113,636`		`156,675`
	`3,788,391`			`2,308,425`