## **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
1
## **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
2
## **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:**
- 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 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:
- Select suitable accounting policies and apply them consistently
- - Make judgements and estimates that are reasonable and prudent
- 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:
- 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.
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)
8
## **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**|
|---|---|
9
## **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**|
|---|---|
10
## **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.
11