## **ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2023** ## **GATEWAY CHURCH LEYTON** **CHARITY REGISTRATION NUMBER: 1051913** Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF 1 ## **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 2 ## **GATEWAY CHURCH LEYTON** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **CHARITY NUMBER** 1051913 **START OF FINANCIAL YEAR** 1st April 2022 **END OF FINANCIAL YEAR** 31st March 2023 **LEGAL STATUS** Unincorporated Charity **TRUSTEES DURING THE YEAR** Amarh Amartey (Chair) **ENDING 31ST MARCH 2023** Ruth Amartey 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** ## **PRIMARY BANKERS** 42 Forest Drive East, Leytonstone London E11 1JY HSBC Bank Plc 20-21 Electric Parade George Lane South Woodford London E18 2LX ## **INDEPENDENT EXAMINER** Z Derbak Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF 3 ## **GATEWAY CHURCH LEYTON** ## **TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 2023** **Correspondence address:** 42 Forest Drive East, Leytonstone, London, E11 1JY ## **Trustees:** Acting for the whole year: Amarh Amartey (Chair of trustees), Ruth Amartey and David How. 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:** - To advance the Christian faith. - To relieve persons who are in conditions of need or hardship. - 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 Leystonstone School, London E11, which are open to all. 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. ●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 fulfill 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. 4 GATEWAY CHURCH LEYfoN TRusfEES REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2023 TrustQ•s RésponsibilitieN The Charitr"es Att 1993 requlre the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affalrs of the trust and of the surplus of the trust for that perithl. In preparlng those financlal statements the trnstee5 are required to: . Select suitable ￿(oUntr.n9 polioes and appty consistenuy . Make judgements and estimates that are reasonable and pnbJw)t Prepare financial statements on the going Con￿rn basls unless It Is Inapproprtate to presume that the tNst will continue in e￿5¢en￿. The trustees are responsible for keepSng proper acCoun￿n9 records. whlch dlsclose wlth reaSona￿e accuracy at any tlme the finanaal position of the tnjst. They are also respm.ble for safeouarding the assets of the trust and hence for taklng reasonable 5tep5 for the prevention and detection of fraud and other irregulanties. Approved by the Trustees on.. Slgned on behèff of the trustees by Amath Amartey. Chalr of tntstees: Prlnted Name.. Amarh Amartey (Chalr of Trustees) ## **INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS** Report to the Trustees of Gateway Church Leyton on the accounts for the year ended 31st March 2023 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: - accounting records were not kept in accordance with section 386 of the Companies Act 2006; or - 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: Date: 29.01.2024 Zita Derbak MAAT AATQB Independent Examiners Ltd UNIT 2, The Broadbridge Business Centre Delling Lane Bosham PO18 8NF 6 ## **GATEWAY CHURCH LEYTON** ## **STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 2023** |**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
**2022/23**
**2021/22**
£
£
**£**
**£**
28,173
700
28,873
82,766
230
-
230
2
**28,403**
**700**
**29,103**
**82,768**
40,465
802
41,267
35,392
690
-
690
1,260
**41,155**
**802**
**41,957**
**36,652**
**(12,752)**
**(102)**
**(12,854)**
**46,115**
80,906
172
81,078
34,962
**68,155**
**70**
**68,225**
**81,078**| |---|---| All of the Charity's operations are classed as continuing operations. 7 GATEWAY CHURCH LEYfoN srATEMEKf OF ASSEfs AND UABILITIES FOR THE YEAR ENDED 31ST MARCH 2023 Unrestrirted Re*rirted Fund Fund Totsl Total 31-Ma￿l3 31-MaTr22 ASSETS Cash Fund&. FISBC Current Account SBC Deposit Account Santander Deposit Account 6.726 50,311 11,118 6.796 50,311 11.118 9,880 6Q,081 11,118 70 Represented By: General Funds Restrfrted Funds 68.155 68.155 70 127,029 164 70 70 225 127 193 Assets r•t•ln•d for th• ¢￿tIty'S own Church Equlpment 23.623 23.623 23,124 LIABILmes Independent Examiners Fee 720 720 690 720 690 TRUSTEES RESPONSIBILMES IN RELATION TO FINAIICIAL STATEMENTS Charlty Law requires the Tnjstees to prepare finandal ststements for each finandal year whlth comply wlth the regulations set out In the Charltles Act 2011. The Trustees have elected to take ad¥anta9e of the provisions that apply tQ Small charitles and have prepared a receopts & paymerrts account and statement of assets & liabilities set out on pa9e5 7 and 8. Approved by the Tn￿ on...... .......... Signe(l on their behalf by Trustee. .... Printed Name: Amarh Amartey {ChJir of Trustees) ## **GATEWAY CHURCH LEYTON** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2023** ## **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
Gift Aid Donations
Income Tax Recovered
Non Gift Aid donations
**4**
**b) Investment Income**
Bank Interest|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2022/23**
**2021/22**
£
£
**£**
**£**
2,414
-
2,414
908
21,210
-
21,210
18,070
100
-
100
-
4,449
700
5,149
63,788
**28,173**
**700**
**28,873**
**82,766**
230
-
230
230
**230**
**-**
**230**
**230**| |---|---| 9 ## **GATEWAY CHURCH LEYTON** ## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023** |**3. PAYMENTS**
Note
**a) Costs of Charitable Activities**
Bank Charges
Capital Purchases
Church Functions
**Gifts to Organisations:**
Elim Food Bank
Ichthus Christian Fellowship
International Health Partners
Love in Action
Food Bank donation
Noor Ministries
Open Doors
Samaritans Purse
Transform Europe Now
**4**
Transform Europe Now - Romania
Transform Europe Now - Ukraine
**4**
Waltham Forest Youth for Christ
Worth Unlimited
**Gifts to Individual Ministries:**
A & B Went - Love in Action
Noah Mayiga - Love in Action Uganda
**4**
Paul & Lucy Lennard - China
Carols on Green
B A Charley
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|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2022/23**
**2021/22**
£
£
**£**
**£**
160
-
160
133
499
-
499
-
1,239
-
1,239
-
700
-
700
500
1,400
-
1,400
1,724
2,950
-
2,950
1,000
6,073
-
6,073
4,075
148
148
-
900
-
900
3,800
100
-
100
300
2,000
-
2,000
-
3,400
200
3,600
2,900
600
-
600
-
-
500
500
-
600
-
600
-
-
-
-
5,500
-
250
-
250
-
-
102
102
1,051
200
-
200
-
300
-
300
-
200
-
200
-
550
-
550
-
11,665
-
11,665
6,243
651
-
651
1,069
123
-
123
117
293
-
293
63
4,500
-
4,500
5,276
13
-
13
622
707
-
707
540
244
-
244
49
**40,465**
**802**
**41,267**
**35,312**
690
-
690
1,260
-
**690**
**-**
**690**
**1,260**| |---|---| 10 ## **GATEWAY CHURCH LEYTON** ## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023** ## **4. RESTRICTED FUNDS** ## **CURRENT FINANCIAL YEAR** |Church Fellowship Fund
N Mayiga - Love in Action - Uganda
Transform Europe Now
Ukraine Support|**Balance**
**Balance**
**01-Apr-22**
Income
Expenditure
**31-Mar-23**
£
£
£
£
70
-
-
70
102
-
102
-
-
200
200
-
-
500
500
-
**172**
**700**
**802**
**70**| |---|---| ## **PREVIOUS FINANCIAL YEAR** |Church Fellowship Fund
N Mayiga - Love in Action - Uganda
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**| |---|---| **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** A total payment of £1688 were made to trustees for their out-of-pocket expences in 2022/23. No other material transaction took place between the organisation or any person connected to trustees. (2021/22: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. 11