ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
GATEWAY CHURCH LEYTON
CHARITY REGISTRATION NUMBER: 1051913
Independent Examiners Ltd
The Grain Store
Hills Barns
Appledram Lane South Chichester, West Sussex
PO20 7EG
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GATEWAY CHURCH LEYTON
CONTENTS
Page 3 Page 4-5
Legal and Administrative Information
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 2024
END OF FINANCIAL YEAR
31st March 2025
LEGAL STATUS Unincorporated Charity TRUSTEES DURING THE YEAR Amarh Amartey (Chair) ENDING 31ST MARCH 2025 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 The Grain Store Hills Barns Appledram Lane South Chichester, West Sussex PO20 7EG
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GATEWAY CHURCH LEYTON
TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 2025
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:
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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 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 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 2025
Financial Review
The charity has maintained its level of income in line with previous financial years as a result of continued stability in church membership and consistent levels of giving by a core group of donors. Expenditure has also been maintained at the level of the previous financial year. As a result of the charity being run only by volunteers, gifts to speakers, worship leaders, other individuals and organisations constitute a significant proportion of annual expenditure (56% this financial year amounting to £27k).
Budgets and final reported net position for the charity remain at a net expenditure position (£15.4k this financial year and £11.5k in the previous financial year), to ensure the Charity is expending its reserves down in line with its charitable objectives at a rate which sees it operate closer to its target minimum reserves of £30k in future years. The church leadership continue to expend excess reserves through increasing regular giving to organisations for a defined period and provide one off donations. The Trustees review the minimum reserves policy on an annual basis and ensure budgets set are ensuring the charity only holds a reasonable level of reserves.
On the 12th July 2024, the Trustees approved the designation of £20k from the general fund to form a “Community Fund'. The purpose of the Community Fund is to ringfence an element of general reserves for the charity preserve its ability to provide one off larger gifts to organisations as needs arise.
During the current financial year, the Charity closed its Santander deposit account in order to consolidate its savings and simply access. Final balance of £13.3k on closing was transferred to the charity's HSBC deposit account.
Trustees Responsibilities
The Charities Act 1993 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: | q | ] | L 4 Signed on behalf of the trustees by Amarh Amartey, Chair of trustees: Aifenmnfr3 |
Printed Name: Amarh Amartey (Chair of Trustees)
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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 2025 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.
Zita Derbak MAAT AATQB Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester, West Sussex PO20 7EG
Signed:
Date: 21.01.2026
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GATEWAY CHURCH LEYTON
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 2025
| 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 Transfer between funds BALANCES CARRIED FORWARD |
Unrestricted Designated Restricted Total Total Funds Funds Funds 2024/25 2023/24 £ £ £ £ £ 27,755 - 3,876 31,631 26,951 845 - - 845 981 28,600 - 3,876 32,476 27,932 43,375 - 3,756 47,131 38,808 756 - - 756 720 44,131 - 3,756 47,887 39,528 (15,531) - 120 (15,411) (11,596) 56,560 - 70 56,630 68,225 (20,000) 20,000 - - - 21,030 20,000 190 41,220 56,630 |
|---|---|
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 2025
| ASSETS | ’ | Unrestricted Designated Restricted Total Total Fund Funds Fund 31-Mar-25 31-Mar-24 |
|---|---|---|
| £ £ £ £ £ |
||
| Cash Funds: | ||
| HSBC Current Account HSBC DepositAccount |
3,922 Ss 190 4,112 3,680 16,795 20,000 - 36,795 41,696 |
|
| Santander DepositAccount | = + - ~ 11,254 |
|
| Cash in Hand | 313 = - 313 - ——— 21,030 20,000 190 41,220 56,630 SSS_=_[[__ananmna_EEEe——E———————————————————————— |
|
| Represented By: | ||
| General Funds Designated Fund Restricted Funds |
21,030 - - 21,030 56,560 - 20,000 - 20,000 - - - 190 190 70 ee 21,030 20,000 190 41,220 56,630 SSS |
|
| Other Monetary Assets | ||
| GiftAid owed | 22,081 - ~ 22,081 21,702 eee eT MVE 22,081 - - 22,081 21,702 Ee |
|
| Assets retained for the Charity’s own use | ||
| Church Equipment | 23,839 - - 23,839 23,623 ————— eee 23,839 - = 23,839 23,623 |
|
| LIABILITIES | ||
| Independent Examiners Fee | 792 > 3 792 756 ————ee 792 = = 792 756 ————SSSESESESESESESES ee |
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 7 and 8.
Approved by the Trustees oe AMIE
7A Signed aEs a PETES on their behalf by Trustee, so RG
Printed Name: Amarh Amartey (Chair of Trustees)
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GATEWAY CHURCH LEYTON
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
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 2024/25 2023/24 £ £ £ £ 5,200 291 5,491 2,698 18,545 3,200 21,745 19,929 - - - - 4,010 385 4,395 4,324 27,755 3,876 31,631 26,951 845 - 845 981 845 - 845 981 |
|---|---|
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GATEWAY CHURCH LEYTON
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025
| 3. PAYMENTS Note a) Costs of Charitable Activities Gifts Gifts to Organisations: Elim Food Bank Evangelical Alliance Ichthus Christian Fellowship International Health Partners Love in Action Noor Ministries Open Doors Samaritans Purse Transform Europe Now 4 Waltham Forest Youth for Christ Worth Unlimited Gifts to Individual Ministries Gifts to Sunday Speakers Subtotal Ministry and operational costs Bank Charges Church Functions Hall Rent Office Costs Insurance & Subscriptions Music & Worship Outreach Sundry Expenses Training & Personal Ministry Youth & Children's Work Subtotal b) Governance Costs Independent Examiners Fees |
Unrestricted Restricted Total Total Funds Funds 2024/25 2023/24 £ £ £ £ 1,200 - 1,200 1,200 100 - 100 200 1,400 - 1,400 900 1,000 - 1,000 600 8,330 1,820 10,150 600 4,400 - 4,400 2,200 400 - 400 400 400 - 400 - 1,964 1,436 3,400 3,400 1,200 - 1,200 1,200 - - - - 2,800 500 3,300 2,900 4,120 - 4,120 4,260 27,314 3,756 31,070 17,860 154 - 154 155 458 - 458 1,162 12,773 - 12,773 11,770 - - - 275 869 - 869 783 138 - 138 132 350 - 350 62 216 - 216 574 978 - 978 5,367 125 - 125 668 16,061 - 16,061 20,948 43,375 3,756 47,131 38,808 756 - 756 720 756 - 756 720 |
|---|---|
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GATEWAY CHURCH LEYTON
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025
4. RESTRICTED FUNDS
| CURRENT FINANCIAL YEAR Church Fellowship Fund Transform Europe Now Revive Camp Contribution Open Doors Worth Unlimited Love in Action - Noah's car PREVIOUS FINANCIAL YEAR Church Fellowship Fund Transform Europe Now |
Balance Balance 01-Apr-24 Income Expenditure Transfer 31-Mar-25 £ £ £ £ £ 70 - - - 70 - 1,436 (1,436) - - - 500 (500) - - - 100 - - 100 - 20 - - 20 - 1,820 (1,820) - - 70 3,876 (3,756) - 190 Balance Balance 01-Apr-23 Income Expenditure Transfer 31-Mar-24 £ £ £ £ £ 70 - - - 70 - 815 (815) - - 70 815 (815) - 70 |
|---|---|
The restricted funds are wholly represented by the Charity's cash reserves and are to be expended as specified above.
5. DESIGNATED FUNDS
| CURRENT FINANCIAL YEAR Community Fund |
Balance Balance 01-Apr-24 Income Expenditure Transfer 31-Mar-25 £ £ £ £ £ - - - 20,000 20,000 - - - 20,000 20,000 |
|---|---|
6. PAYMENTS TO TRUSTEES
A total payment of £1,105 were made to a trustee for their out-of-pocket expenses in this financial year (2023/24: £6,049). These are mainly due to the ministry related cost related to catering, youth/children work, storage and church camp. Two trustees donated a total of £7,550 as unconditional gifts to the charity (2023/24: 5,180). No other material transaction took place between the organisation or any person connected to trustees.
7. 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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