ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022
GATEWAY CHURCH LEYTON
CHARITY REGISTRATION NUMBER: 1051913
Independent Examiners Ltd
Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
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GATEWAY CHURCH LEYTON
CONTENTS
| Page 3 | Legal and Administrative Information |
|---|---|
| Page 4-5 | Trustees' Report |
| Pages 6 | Independent Examiner's Report on the Accounts |
| Page 7 | Statement of Receipts and Payments |
| Page 8 | Statement of Assets and Liabilities |
| Pages 9 to 11 | Notes to the Accounts |
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GATEWAY CHURCH LEYTON
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1051913 START OF FINANCIAL YEAR 1st April 2021 END OF FINANCIAL YEAR 31st March 2022 LEGAL STATUS Unincorporated Charity TRUSTEES DURING THE YEAR Amarh Amartey (Chair) ENDING 31ST MARCH 2022 Ruth Amartey John Chamberlain Resigned 1.11.21 David How
The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.
GOVERNING INSTRUMENT
Trust Deed Dated 21st November 1995, amended by Deed of Variation on 2nd December 2015.
OBJECTS
a) To advance the Christian faith in accordance with the statement of beliefs appearing in the schedule hereto in the London borough of Waltham Forest and in such other parts of the United Kingdom or the World as the trustees may from time to time think fit. b) To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the said London borough and in such other parts of the United Kingdom or the World as the trustees may from time to time think fit. c) To promote and fulfil such other charitable purposes beneficial to the community in the said London borough and in such other parts of the United Kingdom or the World as the trustees may from time to time think fit.
CORRESPONDENCE ADDRESS
42 Forest Drive East, Leytonstone London E11 1JY
PRIMARY BANKERS
HSBC Bank Plc 20-21 Electric Parade George Lane South Woodford London E18 2LX
INDEPENDENT EXAMINER
K Gomes Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
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GATEWAY CHURCH LEYTON
TRUSTEES REPORT
FOR THE YEAR ENDED 31ST MARCH 2022
Correspondence address: 42 Forest Drive East, Leytonstone, London, E11 1JY
Trustees:
Acting for the whole year: Amarh Amartey (Chair of trustees), Ruth Amartey, David How, John Chamberlain (resigned 1 November 2021)
Gateway Church Leyton is a charitable trust. The governing document is a Trust Deed dated 11/1/1996, amended by Deed of Variation on 2/12/2015. New trustees are identified and appointed by the existing trustees.
The charity is financially dependent on the voluntary support of its church members. The Church Leadership Team is responsible for making decisions concerning the day to day running and finances of the church. It currently does not employ salaried staff.
Summary of objects as set out in the governing document:
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To advance the Christian faith.
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To relieve persons who are in conditions of need or hardship.
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To promote other charitable purposes beneficial to the community.
The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
Summary of the main activities to further the trust’s charitable purposes for public benefit:
●Regular Sunday morning meetings for worship and teaching in Barclay Primary School, London E10, which are open to all. Between the period 1 April 2021 to December 2021, meetings were conducted online via Zoom due to COVID related restrictions. Seminars to which other local churches are invited. Meetings held regularly each week, in the homes of various members of the church, for prayer, teaching and fellowship. Involvement of members in evangelistic and training events. Local outdoor service at Christmas & Easter and public distribution of Christian literature.
● Regular financial support to other Christian organisations working at locally & overseas in accordance with the objectives of the Trust. Major grants to Love in Action, Noor Ministries, Transform Europe Now and Worth Unlimited. We have increased significantly giving to organisations and individuals during this year due to costs not incurred on hiring school hall for Sunday meetings.
●We have continued to regularly support Noah Mayiga who is working full time in Masaka, Uganda for the UK based charity Love in Action, which provides education and support for local children.
- ●Our web site, www.gatewaychurchleyton.org, is updated regularly to provide information about the church, recordings of talks & seminars, together with notices of future events.
●In view of the continuing high level of unrestricted funds, we anticipate that in the next financial year we shall give further substantial financial support for various projects in accordance with the objectives of the Trust.
The Trustees are confident that adequate assets are available to fulfil the existing obligations of the trust.
RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
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GATEWAY CHURCH LEYTON
TRUSTEES REPORT Continued
FOR THE YEAR ENDED 31ST MARCH 2022
Trustees Responsibilities
The Charities Act 2011 require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the trust and of the surplus of the trust for that period. In preparing those financial statements the trustees are required to:
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Select suitable accounting policies and apply them consistently
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Make judgements and estimates that are reasonable and prudent
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Prepare financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in existence.
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the trust. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on,………………………………………………… Signed on their behalf by Trustee, ………………………………………………………………………
Printed Name: Amarh Amartey
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INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
Report to the Trustees of Gateway Church Leyton on the accounts for the year ended 31st March 2022 set out on pages 7 to 11.
Responsibilities and basis of report
As the charity’s trustees of the charitable company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the charitable company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:
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accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
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the accounts do not accord with such records; or
• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the Charities SORP (FRS102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed
Name K Gomes MAAT
Date 31.1.23
Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
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GATEWAY CHURCH LEYTON
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 2022
| Notes RECEIPTS : Donations & Legacies 2a Investment Income 2b TOTAL RECEIPTS PAYMENTS : Costs of Charitable Activities 3a Governance Costs 3b TOTAL PAYMENTS NET INCOMING/(OUTGOING) RESOURCES Balances Brought Forward BALANCES CARRIED FORWARD |
Unrestricted Restricted Total Total Funds Funds 2021/22 2020/21 £ £ £ £ 81,496 1,270 82,766 39,201 2 - 2 26 |
|---|---|
| 81,498 1,270 82,768 39,227 |
|
| 34,114 1,278 35,392 26,672 1,260 - 1,260 - |
|
| 35,374 1,278 36,652 26,672 |
|
| 46,123 (8) 46,115 12,555 34,782 180 34,962 22,407 |
|
| 80,906 172 81,078 34,962 |
All of the Charity's operations are classed as continuing operations.
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GATEWAY CHURCH LEYTON
STATEMENT OF ASSETS AND LIABILITIES
FOR THE YEAR ENDED 31ST MARCH 2022
Unrestricted Restricted Total Total
| ASSETS Cash Funds: HSBC Current Account HSBC Deposit Account Santander Deposit Account Represented By: General Funds Restricted Funds Assets retained for the Charity's own use: Church Equipment LIABILITIES Independent Examiners Fee |
Fund Fund 31-Mar-22 31-Mar-21 £ £ £ £ 9,708 172 9,880 20,265 60,081 - 60,081 3,580 11,118 11,118 11,117 |
|---|---|
| 80,906 172 81,078 34,962 |
|
| 80,906 - 80,906 34,782 - 172 172 180 |
|
| 80,906 172 81,078 34,962 |
|
23,124 - 23,124 23,124 690 - 690 660 |
|
| 690 - 690 660 |
TRUSTEES RESPONSIBILITIES IN RELATION TO FINANCIAL STATEMENTS
Charity Law requires the Trustees to prepare financial statements for each financial year which comply with the regulations set out in the Charities Act 2011. The Trustees have elected to take advantage of the provisions that apply to small charities and have prepared a receipts & payments account and statement of assets & liabilities set out on pages 8 and 9.
Approved by the Trustees on,………………………………………………
Signed on their behalf by Trustee, ………………………………………………………………………………
Printed Name: Amarh Amartey
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GATEWAY CHURCH LEYTON
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022
1. BASIS OF ACCOUNTING
The accounts have been prepared under the “Receipts and Payments” basis as prescribed by the Charity Commissioners and the accounts meet the appropriate legal requirements.
2. RECEIPTS
| Note a) Donations & Legacies GASDS Donations 4 Gift Aid Donations 4 Income Tax Recovered 4 Non Gift Aid donations 4 b) Investment Income Bank Interest |
Unrestricted Restricted Total Total Funds Funds 2021/22 2020/21 £ £ £ £ 908 - 908 855 18,070 - 18,070 24,336 - - 8,029 62,518 1,270 63,788 5,982 |
|---|---|
| 81,496 1,270 82,766 39,201 |
|
| 2 - 2 26 |
|
| 2 - 2 26 |
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GATEWAY CHURCH LEYTON
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
3. PAYMENTS
| Note a) Costs of Charitable Activities Bank Charges Church Functions Gifts to Organisations: Corner Stone Elim Food Bank Evangelical Alliance Ichthus Christian Fellowship International Health Partners Love in Action EFGA Leytonstone Food Bank Noor Ministries Covid 19 Support Open Doors Transform Europe Now 4 Waltham Forest Youth for Christ Worth Unlimited 4 Gifts to Individual Ministries: A & B Went - Love in Action Noah Mayiga - Uganda 4 James Vaughan Paul & Lucy Lennard - China 4 T & A Waris - OM Pakistan B Scully D How R Plute Pathway Hall Rent Insurance & Subscriptions Music & Worship Outreach Speakers Expenses Sundry Expenses Training & Personal Ministry Youth & Children's Work b) Governance Costs Independent Examiners Fees 2020 & 2021 |
Unrestricted Restricted Total Total Funds Funds 2021/22 2020/21 £ £ £ £ 133 - 133 123 - - - 265 - - - 600 500 - 500 - 100 - 100 200 1,254 470 1,724 1,400 1,000 - 1,000 1,800 3,567 508 4,075 2,300 - - 2,900 3,800 - 3,800 800 300 - 300 - 2,600 300 2,900 4,600 - - - 600 5,500 5,500 300 - - - 100 1,051 - 1,051 1,900 250 - 250 - - - - 650 - - - 550 80 80 - - - 293 - - 450 6,243 - 6,243 2,412 1,069 - 1,069 365 117 - 117 80 63 - 63 - 5,276 - 5,276 2,995 622 - 622 120 540 - 540 780 49 - 49 90 |
|---|---|
| 34,114 1,278 35,392 26,672 |
|
| 1,260 - 1,260 - - |
|
| 1,260 - 1,260 - |
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GATEWAY CHURCH LEYTON
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
4. RESTRICTED FUNDS
CURRENT FINANCIAL YEAR
| Church Fellowship Fund Mayiga Transform Europe Now Ichthus Christian Fellowship Open Doors PREVIOUS FINANCIAL YEAR Church Fellowship Fund Mayiga TEN - Harvest T & A Waris - OM Pakistan |
Balance Balance 01-Apr-21 Income Expenditure 31-Mar-22 £ £ £ £ 70 70 110 500 508 102 300 300 - - 470 470 - - - |
|---|---|
| 180 1,270 1,278 172 |
|
| Balance Balance 01-Apr-20 Income Expenditure 31-Mar-21 £ £ £ £ 70 - - 70 90 20 - 110 - 2,695 2,695 - - 250 250 - |
|
| 160 2,965 2,945 180 |
Church Fellowship Fund : Non Gift Aid.
Mayiga: Noah Mayiga working for Love in Action Uganda.
The restricted funds are wholly represented by the Charity's cash reserves and are to be expended as specified above.
5. PAYMENTS TO TRUSTEES
No payments were made to trustees or any persons connected with them during this financial period. No other material transaction took place between the organisation and a trustee or any person connected with them. (2020/21:None)
6. PUBLIC BENEFIT
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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