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← Emmanuel Gateway Church

2025-03-31-accounts

Emmanuel Gateway Church (formerly known as Emmanuel Pentecostal Church)

Report and Accounts Year ended 31 March 2025

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

EMMANUEL GATEWAY CHURCH

CHARITY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

Trustees

Andrew Arthur O'Neil Dunn Nicholas Hughes Aubrey Wickham

Senior Management Team

Andrew Arthur Member of senior leadership team O'Neil Dunn Member of senior leadership team Nick Hughes Senior Pastor Jeronne Rudder Associate Pastor Leanne Rudder Associate Pastor Aubrey Wickham Treasurer Tsote Valashiya Youth Pastor Sam Oyekan Member of senior leadership team Chris Riley Member of senior leadership team

Governing Document Constitution and Trust Deed adopted 18 July 2006 and amended 07 July 2019 Charity Registration Number 1054397 Principal Address 374-376 Lee High Road London SE12 8RS Independent Examiner Nick Spear ACCA Stewardship 1 Lamb's Passage London EC1Y 8AB

Bankers

National Westminster Bank Plc Kingdom Bank Limited Lloyds Bank plc

Contents Page
Charity Information 1
Trustees' Annual Report 2-11
Independent Examiner's Report 12
Statement of Financial Activities 13
Balance Sheet 14
Notes to the Accounts 15 - 21
Detailed Statement of Financial Activities with Comparatives 22

Page 1

EMMANUEL GATEWAY CHURCH TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025

The trustees have pleasure in submitting the Report and Accounts for the year.

OBJECTS

The primary aims of the Trust are to fulfil the role of a Christian Church in the Borough of Lewisham and the surrounding area and to provide help to others in promoting the Christian faith in the United Kingdom and overseas.

The Church’s Purpose Statement says:-

Emmanuel Gateway Church: Where Jesus is encountered, people are valued, and lives are transformed

It seeks to be a place where the Christian message is declared whilst valuing and empowering people who attend.

The church is in fellowship with the Assemblies of God Inc. in Great Britain. The following purpose statement is generic to more than 600 churches meeting in 700 locations across Great Britain:

“The Assemblies of God are a Pentecostal movement which believes that every individual can and should have a personal relationship with Jesus Christ and have the opportunity to be part of a local, vibrant church.”

THE CHURCH: ITS AIMS AND OBJECTIVES

It is our firm conviction that the Church is not a building, but a gathering of ordinary people of different ages and backgrounds, whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the Church as a community of people, properly taught and cared for, loving and serving Jesus Christ, who are also committed to love and care for each other and the people of their community being a blessing to the area in which they live. The Church - its Elders, Trustees and Members are committed to the restoration of those New Testament principles. It is not alone in this; it is one of many Churches in the area, country and all over the world that is re-discovering the excitement of knowing Jesus Christ. The vision is to see the people of Lewisham and its neighbouring boroughs, come into this experience of knowing Jesus as their Lord, Saviour and friend and to personally experience the application of the Christian message in their everyday lives amongst their community.

PARTNER ORGANISATIONS

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The church cooperates with and supports various churches, charities and community groups and receives voluntary help itself where needed. During the year, grants have been made (see note 6c to the Accounts) to help achieve their objectives with a greater impact than the Church could do working on its own.

GOVERNANCE

Directions relating to the Charitable Trust are made by the Trustees in consultation with the Senior Leadership Team, who are responsible for governing the life, vision, and teaching of the church. Day-to-day decisions on expenditures and activities are decided by the staff and volunteers in charge of different departments of the church, with budgets set and monitored by the Trustees. The powers of appointment or removal of Trustees rests with the Trustees. New Trustees are normally selected from the members of the church which means the Trustee body is whole-heartedly involved in seeing the mission of the church worked out in practice. On being appointed, new Trustees spend time with the existing Trustees to ensure they understand their responsibilities and the legal and financial framework in which the church operates and will attend appropriate seminars and training that apprise them of their responsibilities.

THE CONTRIBUTION MADE BY VOLUNTEERS

Whilst the church employs 10 full or part-time staff it is the work of every member of the church, whether employed or not, that will make the difference in the church achieving its great commission. This is done by ‘being salt and light’ amongst the people they interact with every day; by praying, by visiting the sick and others in need; being involved in training others, in public teaching and worship, and also through diligent administration. The financial resources of the church, to a very large extent, are given by the members and their private assets are regularly used in the work of the church. Much of this work is done privately, without recognition, and the hours and value of that time cannot be quantified.

TRUSTEE BOARD

There have been no changes to our Trustee Board in this period and all our Trustees have previously attended a Trustee Training Event to receive orientation on the requirements and expectations of trustees. We continue to utilise our previously retired Trustees as part of our Council of Wisdom Advisory Board who are there to support the Senior Leadership Team by offering the benefit of their wisdom.

Page 3

THE YEAR: ITS OBJECTIVES AND ACHIEVEMENTS

During the year ended 31 March 2025 the main ways in which the church sought to achieve the calling of Christ upon it and its charitable purposes for the public benefit, are summarised below:-

Additionally, our Life Connect groups continue to meet providing pastoral care to those who consider Emmanuel to be their community. Our prayer meetings have gone from strength to strength under new ministry leadership. This allows more people to regularly engage as they have been creative in organising different ways and times to bring people together to pray.

The members of the church have consistently been applying the principles of church life outlined in the New Testament and referred to earlier as ‘salt and light’, in the community, in places where they live and work and in having an impact on social attitudes in the wider national context. This is a major part of the purpose of the church and much of it is done without public fanfare, the real cost of which cannot be truly quantified.

The church has continued its ministry to the community through:

Social Action and Poverty Relief

i. The Pantry

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The Pantry works in partnership with organisations including Waitrose and Sainsbury whose customers donate food items that are collected regularly and stored in the church. We also receive generous contributions of food items from our Church Members, all of which is donated to people in need. The need for people to access a food bank remains high in Lewisham due to the cost-of-living crisis and we continue to provide this service to those in need. We have some families who regularly require assistance and other one-off referrals that come from local schools, refuge centres and asylum seeker projects. Once again, we were able to put together food parcels to assist families through the Christmas period. Throughout 2024/2025, The Pantry distributed food to the value of £17,212, which we estimate benefitted 290 separate families.

ii. LifeBread

Our Lifebread programme continues to see good numbers of people attending each week to benefit from a hot meal, a safe space and warmth through the colder months of winter. We are currently seeing around 20 people attending each week. A number of these people would be considered homeless although we continue to signpost people to support in our local area. Our project continues to be staffed exclusively by volunteers and continues to prepare and serve meals free of charge for homeless people in the local community.

The ministry is supported almost entirely by generous donations from the congregation and help from local supermarkets. Our commercial-grade kitchen continues to benefit us in producing good food in an efficient manner and all of our cooking volunteers have now received food hygiene certification.

iii. Gateway Projects

This is now the umbrella term for our social action projects and incorporates the work of LifeBread, The Pantry and the ‘H’ Fund emergency financial assistance. The H fund has helped to fund the purchase of additional food parcels to help those both within and external to the church congregation. The ‘H’ Fund has also helped people top up their utility cards for electric supplies or assisted with other emergency items.

Outreach

We were able to host a birthday party community fun day during 2024 to celebrate our centenary. This saw a number of people from the locality attend for an afternoon of food and activities. We also invited people that we had connected with through our Food Pantry and through local schools. Such was the success of this event that we plan to visit this again next year.

As part of those same celebration events, we also hosted a gala event and invited dignitaries, local leaders and people with a long standing or historical connection to Emmanuel Gateway Church. We then shared many photos and stories from the past 100 years.

ii. Golden Hours.

This is a team that serves the elderly in the community. The team would usually visit local nursing homes and sing hymns, read poetry and scriptures, and befriend and

Page 5

pray with the residents when invited to do so. Whilst this project was paused because of the restrictions on access to nursing homes and sheltered accommodation centres during Lockdown, we have now actively engaged in reconnecting and visiting homes in our community. We have people on our Pastoral Care team who regularly visit our own congregation members who are now residents in local homes.

Pastoral Care

This activity is designed to show God’s love and pray together. We have continued to do this through our Pastoral Care team (see below) and by encouraging our Life Connect small groups to adopt pastoral care as part of their ethos to practically care for those connected to their small group through meeting together, text, phone calls, Social Media and email.

This is a dedicated team of professional care workers, nurses, and volunteers who love to care for the needs of others, commissioned to take proactive and reactive pastoral care for our seniors or chronically ill members.

In addition to hospital visitation, we now have a number of people who prioritise bringing some of our older or infirm congregation members to church on a Sunday. This allows them to engage with the wider community and helps keep them from feeling isolated in their own homes.

iii. Marriage and Pre-Marriage Support

We continue to support couples who express that they need help with their marriage relationship, and we have ensured that anyone newly married is supported by a more experienced married couple as they move through their first year of marriage as well as providing pre-marriage counselling courses.

iv. SPICE

This project serves the over 65s in our church community and endeavours to put on several events throughout the year of interest to them. These have previously included guest speakers and singers, outings, teas, lunches, boat trips. Our largest area of support to our seniors at this point is through individual visitation, telephone calls, cards and letters. Our over 70’s also all received a Christmas gift that was dropped at their homes by members of our Leadership Team at the end of 2024, whilst our over 80s received a Christmas hamper personally delivered to them by a member of our Senior Leadership Team.

Prison Ministry (Sow Light Ministry)

The church has consistently supported the work of Sow Light, a Prison Visiting Ministry, for more than 20 years. The team consists of volunteers from the church, who have been vetted by the Home Office and who visit remand prisoners, predominantly in the Oxfordshire area Prisons, holding services on the first Sunday of every month and encouraging and supporting inmates.

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Our team were re-engaged by the newly appointed Chaplain and once again visit regularly to minister to those incarcerated in the prison system.

Fearless Youth Ministry

Our Fearless Youth Programme has continued to grow and engage young people, from the community throughout 2024/2025, in exciting and relevant ways, under the capable leadership of our Youth Pastor Tsote Kinzomba, and her team:

In planning the activities, the Trustees have had regard to the guidance on public benefit issued by the Charity Commission.

GRANT MAKING POLICY

Page 7

Gifts to external organisations and individuals are considered by the Trustees based on need and fulfilment of the charitable objectives. There are no upper or lower limits of support.

THE KEY STRATEGIES FOR THE CHURCH ARE AS FOLLOWS:

100 years commemoration

In 2024, Emmanuel Gateway Church celebrated their 100 years as an Assemblies of God Church. There were a number of activities that took place during the year to mark the occasion and there are several events that will run throughout 2025 and into 2026 as a result of those celebrations.

We have plans underway to encourage 100 people from our congregation to get involved in a short-term mission. We have teams planned that will carry out work in the local area, into Europe and beyond that to the continents of Africa and Asia. This firmly follows the scripture of Acts 1 verse 8 which encouraged people to take the good news to Jerusalem, Judea, Samaria, and the ends of the earth.

We also continue to finalise our book which commemorates our 100 years of service to the community of Lewisham. We are hopeful that this will be released during 2025.

Leadership development

The church has seen significant numerical growth in its numbers, particularly among young adults and young families. To that end, the Leaders have implemented a programme of leadership development geared towards – but not exclusively for the younger population. We are now seeing the benefit of our earlier intakes as we have co-opted two of these people on to our Senior Leadership Team with an additional two due to join during 2025. A number of others are involved in leading some of our ministry departments and in the delivery of our Sunday services. We believe that these leaders are positively impacting both the church and their day-to-day life in a workplace context.

Additionally, the Growth Track deeper study programme was started which is open to the wider church community. Experts in the fields of Theological Study, Apologetics, and Biblical perspectives on finances, have been invited to teach these and other related subjects. This helps us to fulfil our Biblical mandate of equipping people for works of service. (Ephesians 4.12). This has gained momentum during 2023 and throughout 2024. For 2025 we have decided to curtail visiting speakers to assist with our finances, but we continue to provide Treasure Seekers Bible study programme which is well attended. This allows our own Pastors to teach with good numbers of our congregation signing up to attend these Bible-related studies.

New Building

At present, the Trustees continue to consider next steps regarding the expansion of their current facility. We have recommenced an initial conversation with a building contractor to consider some different options although we have not made any firm commitment or decisions at this stage. These discussions continue at the present time, and we are hopeful of having made a plan for moving forward by the time we report next year.

Property purchase

Page 8

In October 2018, the Trustees invested £800,000 from the Charity’s savings into the outright purchase of a property immediately adjacent to their facility. The purchase provided a better investment than offered by the low rate of interest return on our savings accounts. It also allowed additional income through rental. Additionally, it gave an improved equity base that can be used to fund any future building programmes. The property continues to be let to tenants and has enjoyed unbroken tenancy since 2019. The charity continues to receive a market rate rental income from the fully let property, and we have secured an extension to the rental contract with these same tenants. We continue monitoring current market rental rates and have made a small increase to the rent that is charged to our tenants. However, we remain mindful of the current cost of living crisis and the impact this will be having on our tenants.

Repairs to existing facilities

The Trustees aim to keep church buildings in a good state of repair and redecoration and maintenance work is undertaken selectively as required.

Although we carried out some large-scale works during the last few years, we have continued to ensure that the building remains in good condition for all our visitors. We continue to lease car parking space which allows us to generate additional income. We have also further improved our internet, installed a more secure door entry system and upgraded our CCTV. A new industry standard commercial fire alarm system has allowed us to further ensure the safety of visitors to our building and our compliance as a public building.

A general programme of facility improvement and upgrading continues to be implemented and the Trustees are minded to budget for further improvements in toilet facilities and welcome areas.

Church in the digital age

The church continues to invest in its digital platform, which is now a part of the church's longterm strategy. Emmanuel Gateway’s church expression is seen not just as a physical one but increasingly and importantly, a digital one and the Leadership are committing to the development of this avenue of church expression.

FINANCIAL REVIEW

At the year end the Church remained in a strong position financially.

Income this year grew by £7,764 to £362,708, and expenditure decreased by £12,398 to £426,904. As a result, before taking account of gains and losses on the revaluation of an investment property, the charity has reported an operating deficit of £64,197 this year compared with an operating loss of £84,358 in the previous year. (In the previous year a loss of £40,000 on the revaluation of the charity’s investment property increased the year’s deficit to £124,358.)

We have begun to challenge our congregation to consider their giving and have encouraged people to begin giving by standing order which will help improve consistent giving.

The Church’s net assets fell by this year’s deficit of £64,197 to £1,299,575. Net assets comprised tangible fixed assets (mainly the church building) with a carrying value of £109,244, an investment property with an estimated market value of £900,000, cash of £277,396 and other net current assets of £12,935.

Page 9

RESERVES POLICY

The Trustees have set a policy for retaining free reserves sufficient for the foreseeable needs of the Church. Resources invested in property and ring fenced for expected future capital expenditure are set aside in designated funds. Free reserves are defined as being unrestricted general funds excluding amounts invested in fixed assets. These reserves are available to meet the costs of normal running and expansion of the Church and to ensure the Church can meet its financial obligations.

During the pandemic the Trustees agreed that we should aim to hold free reserves that were at least equal to six months of fixed expenditure over committed income to ensure that we could continue to operate smoothly were our income and / or our expenditure to vary unexpectedly. This policy remains in place, and we are in a strong financial position to deal with any unexpected financial challenges.

At the year-end the charity held free reserves of £269,121 (2024: £326,119). This is more than required by the policy and the trustees will decide how the excess can best be used as they consider options for developing the church building.

RISK MANAGEMENT

All major insurable risks are subject to normal Church and Employers Insurance. Contractual risks are reviewed before being entered into to assess that they could not significantly impact the Church’s ability to fulfil its objectives. An annual review of areas of risk is undertaken by the Trustees in conjunction with staff and volunteers responsible for the area of activity.

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these accounts, the Trustees are required to:-

The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the

Page 10

assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

APPROVAL

This report was approved by the trustees and signed on their behalf by:

Jan 20, 2026 N A Hughes N A Hughes (Jan 20, 2026 14:57:30 GMT) ………………………………………………………… .…………………………………… Nicholas Hughes Date Chairman / Trustee

Page 11

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

EMMANUEL GATEWAY CHURCH ('the Charity')

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2025 on pages 13 to 22 following, which have been prepared on the basis of the accounting policies set out on pages 15 and 16.

Responsibilities and basis of report

As the charity’s trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a menber of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Nick Spear

Nick Spear (Jan 20, 2026 16:32:11 GMT)

Nick Spear ACCA Association of Chartered Certified Accountants Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Jan 20, 2026

Page 12

EMMANUEL GATEWAY CHURCH

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities
6
Raising funds
7
Total expenditure
Net gains/(losses) on revaluation of investments
10
Net income
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 Unrestricted
Funds
£
282,355
19,359
34,626
336,339
383,193
1,159
384,352
-
(48,011)
(15,181)
(63,193)
1,341,559
1,278,365		 Restricted
Funds
£
26,368
-
-
26,368
42,553
-
42,553
-
(16,185)
15,181
(1,004)
22,214
21,210		 Total
Total
Funds
Funds
2025
2024
£
£
308,722
315,375
19,359
12,477
34,626
27,092
362,708
354,944
425,745
438,383
1,159
919
426,904
439,302
-
(40,000)
(64,197)
(124,358)
-
-
(64,197)
(124,358)
1,363,773
1,488,131
1,299,575
1,363,773

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The notes on pages 15 to 21 form part of these accounts.

Page 13

EMMANUEL GATEWAY CHURCH

BALANCE SHEET

AS AT 31 MARCH 2025

Note
FIXED ASSETS
Tangible assets
9
Investment property
10
CURRENT ASSETS
Stock
11
Debtors
12
Cash at bank and in hand
13
CREDITORS: Amounts falling
due within one year
14
Net current assets
TOTAL NET ASSETS
FUND BALANCES
16
Unrestricted Designated Building fund:
Revaluation reserve
Remainder of Building fund
Total designated funds
Unrestricted General funds
Total unrestricted funds
Restricted funds		 Unrestricted
Funds
£
109,244
900,000
1,009,244
-
49,429
257,403
306,832
37,711
269,121
1,278,365
95,649
902,459
998,108
280,257
1,278,365
-
1,278,365		 Restricted
Funds
£
-
-
-
375
842
19,993
21,210
-
21,210
21,210
-
-
-
-
-
21,210
21,210		 Total
Funds
2025
£
109,244
900,000
1,009,244
375
50,271
277,396
328,042
37,711
290,331
1,299,575
95,649
902,459
998,108
280,257
1,278,365
21,210
1,299,575		 Total
Funds
2024
£
115,440
900,000
1,015,440
286
60,186
326,446
386,918
38,586
348,333
1,363,773
95,649
906,512
1,002,161
339,398
1,341,559
22,214
1,363,773

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

N A Hughes N A Hughes (Jan 20, 2026 14:57:30 GMT)

Jan 20, 2026

______ Date __ Nicholas Hughes - chairman / trustee

Charity number: 1054397

The notes on pages 15 to 21 form part of these accounts.

Page 14

EMMANUEL GATEWAY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

1 Statutory Information

The charity is trust registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention as modified by the revaluation of certain assets, which are measured at fair value through the Statement of Financial Activities.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.

Investment income represents income generated by the charity's assets and includes income from letting the charity's property and bank interest.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

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EMMANUEL GATEWAY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

2 Accounting Policies continued

d) Fund accounting

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold property Over 50 years Fixtures and fittings Over 10 years Equipment Over 4 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Investment property Investment property is property that is held to generate income and for its investment potential. Investment property is valued at fair value (usually market value) at the balance sheet date.

g) Stocks

Stocks of donated items held for distribution to beneficiaries are measured at fair value.

h) Leased assets

Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term (unless another systematic basis is more representative of use).

i) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

j) Taxation

The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

k) Financial instruments The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive).

l) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

m) Critical accounting estimates and areas of judgement

ln preparing financial statements certain judgements, estimates and assumptions have to be made that affect the amounts recognised in the financial statements. These estimates, and any related judgements and assumptions, are re-assessed annually. The trustees consider the following to be significant:

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EMMANUEL GATEWAY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

3 Donations and legacies

Donations of cash and similar
Donations of goods received for distribution by a foodbank
Other grant income
Gift aid receivable
4
Income from charitable activities
Church conferences and events
Other income
5
Investment income
Property letting
Bank interest
6
Charitable expenditure
a
Costs incurred directly on specific activities
Staff costs
Ministry activities
Youth and children's work
Hospitality
Distributions of goods donated to foodbank
Grants payable (see note 6c)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee for preparing and examining the accounts
Other governance costs
Utilities
Minor equipment
Repairs, maintenance and cleaning
Depreciation: buildings
Depreciation: equipment
IT and technical
Communications
Insurance
Stationery, printing and copying etc.
Licences and subscriptions
AoG fees for handling gift aid claims
Bank charges
Miscellaneous
Total expenditure		 2025
£
244,961
17,301
2,800
43,660
308,722
2025
£
19,359
-
19,359
2025
£
32,080
2,546
34,626
2025
£
197,247
58,617
14,016
5,364
17,212
20,132
312,588
3,510
-
3,510
14,958
2,357
47,201
4,053
6,808
2,205
11,657
4,776
7,454
2,086
2,773
2,139
1,181
113,158
425,745		 2024
£
249,383
21,449
1,800
42,743
315,375
2024
£
12,477
-
12,477
2024
£
24,642
2,450
27,092
2024
£
213,679
41,017
8,850
7,536
21,389
22,577
315,047
3,360
-
3,360
9,324
1,823
57,560
4,053
10,891
4,520
9,912
4,657
7,646
2,482
2,565
1,886
2,658
123,336
438,383

The fee payable to the independent examiner for preparing and examining the accounts was £3,510 (2024: £3,360); in addition the charity paid £1,467 (2024: £1,313) to Stewardship for payroll bureau and consultancy services.

Page 17

EMMANUEL GATEWAY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

6c Grants payable

Institutions
£
Grants for UK and overseas mission
14,134
Grants for the relief of poverty
-
14,134
The comparatives for the previous year are as follows:
Institutions
£
Grants for UK and overseas mission
14,583
Grants for the relief of poverty
-
14,583
The charity's principal grants to institutions comprised:
Living Word Ministry
Assembly of God
Compassion UK
New Church India
Grants to institutions for less than £1,000 each
Expenditure on raising funds
Investment property expenses
Gross wages and salaries
Social security
Pension costs
Other staff related costs (e.g. training, sabbatical etc)
Analysis of staff costs, the cost of key management personnel and trustee remuneration		 Individuals
£
3,675
2,323
5,998
Individuals
£
6,374
1,620
7,994
2025
£
2,400
9,177
-
1,936
621
14,134
2025
£
1,159
2025
£
182,640
8,947
5,389
196,977
271
197,247		 2025
£
17,809
2,323
20,132
2024
£
20,957
1,620
22,577
2024
£
2,400
8,355
-
3,000
828
14,583
2024
£
919
2024
£
184,784
8,698
5,224
198,705
14,974
213,679

7 Expenditure on raising funds

8 Analysis of staff costs, the cost of key management personnel and trustee remuneration

The average monthly number of employees during the year was 9.7 (2024: 9.6). Most of the charity's activities are carried out by volunteers. No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:

benefits payable to key management for the year were as follows:
Nick Hughes, who is a trustee
Other members of key management
The following amounts were payable in the previous year:
Nick Hughes, who is a trustee
Other members of key management		 Wages &
salaries
47,380
62,749
Wages &
salaries
47,248
44,039		 Employer
pension
contributions
1,421
1,882
Employer
pension
contributions
1,417
1,321		 2025
£
48,801
64,632
113,433
2024
£
48,666
45,360
94,026

Nick Hughes served as church pastor and received the above payments for serving in that capacity, not for serving as trustee; these payments are permitted by the charity's governing document.

Page 18

EMMANUEL GATEWAY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

9 Tangible fixed assets

Cost
At 1 April 2024
Additions
At 31 March 2025
Accumulated depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
10
Investment property
Valuation brought forward
Change in fair value
Valuation carried forward		 Freehold
Property
£
202,644
-
202,644
100,483
4,053
104,536
98,108
102,162		 Fixtures
and fittings
£
22,408
-
22,408
22,408
-
22,408
-
-		 Equipment
£
101,410
4,666
106,076
88,131
6,808
94,939
11,136
13,279
2025
£
900,000
-
900,000		 Total
£
326,462
4,666
331,127
211,022
10,861
221,883
109,244
115,440
2024
£
940,000
(40,000)
900,000

The investment property was valued at approximately £900,000 in December 2024 by Jollye & Wood, a local estate agent. In the opinion of the trustees, the fair value of this investment property at the balance sheet date does not differ materially from the valuation in December 2024. The investment property was purchased for £804,351.

11 Stock

Stock of donated goods held for distribution to beneficiaries
12
Debtors
Gift aid recoverable
Other debtors
Prepayments and accrued income
13
Cash at bank and in hand
Cash at bank with immediate access
60 day notice deposits
100 day notice deposits
Unbanked offerings and other income
14
Creditors: liabilities falling due within one year
Trade and other creditors
Accruals
Deferred income
Grant obligations		 2025
£
375
2025
£
43,660
6,611
-
50,271
2025
£
99,267
55,693
122,435
-
277,396
2025
£
15,161
8,820
-
13,730
37,711		 2024
£
286
2024
£
42,743
10,425
7,018
60,186
2024
£
97,032
105,885
121,717
1,813
326,446
2024
£
11,162
8,536
4,355
14,533
38,586

Deferred income comprises income received for a church event that did not take place until after the year end when the receipts were recognised as income.

Page 19

EMMANUEL GATEWAY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

15 Pension commitments

During the year employer’s pension contributions totalling £5,389 (2024: £5,224) were payable to defined contribution personal pension schemes. Pension contributions totalling £988 were owing at the balance sheet date (2024: £1,034).

16 Funds

During the year the movements in the charity's funds were as follows:

Unrestricted designated funds
Building fund
Unrestricted general funds
Total Unrestricted Funds
Restricted Funds
Building fund
Pantry fund
Hardship fund
Jack Petchey Achievement Awards
Youth fund
Equipment fund
Mission support
Aggregate of funds		 Opening
balance
2025
£
1,002,161
339,398
1,341,560
18,240
287
-
1,800
976
375
536
22,214
1,363,774		 Incoming
resources
2025
£
-
336,339
336,339
450
17,384
2,761
2,800
556
-
2,418
26,368
362,708		 Outgoing
resources
2025
£
(4,053)
(380,298)
(384,351)
-
(19,547)
(2,785)
(3,432)
(556)
-
(16,232)
(42,553)
(426,904)		 Revaluation
Gain/(Loss)
2025
£
-
-
-
-
-
-
-
-
-
-
-
-		 Transfers
in the year
2025
£
-
(15,181)
(15,181)
-
1,877
25
-
-
-
13,279
15,181
-		 Closing
balance
2025
£
998,108
280,257
1,278,366
18,690
-
-
1,168
976
375
-
21,210
1,299,575

During the year £15,181 (2024: £19,236) was transferred from unrestricted general funds to restricted funds so that no restricted funds were in deficit at the year end.

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Tangible fixed assets
Investment property
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year
In the previous year the movements in the
Unrestricted designated funds
Building fund
Unrestricted general funds
Total Unrestricted Funds
Restricted Funds
Building fund
Pantry fund
Hardship fund
Jack Petchey Achievement Awards
Youth fund
Equipment fund
Mission support
Aggregate of funds		 General
Designated
funds
funds
£
£
11,136
98,108
-
900,000
-
-
49,429
-
257,403
-
(37,711)
-
280,257
998,108
charity's funds were as follows:
Opening
Incoming
Outgoing
Revaluation
balance
resources
resources
Gain/(Loss)
2024
2024
2024
2024
£
£
£
£
1,046,214
-
(4,053)
(40,000)
419,749
326,592
(387,707)
-
1,465,963
326,592
(391,760)
(40,000)
17,340
900
-
-
227
21,469
(22,013)
-
-
176
(1,865)
-
2,706
1,800
(2,706)
-
976
-
-
-
375
-
-
-
544
4,007
(20,957)
-
22,168
28,352
(47,542)
-
1,488,131
354,944
(439,302)
(40,000)
Unrestricted Funds		 Restricted
funds
£
-
-
375
842
19,993
-
21,210
Transfers
in the year
2024
£
-
(19,236)
(19,236)
-
604
1,689
-
-
-
16,942
19,236
-		 2025
£
109,244
900,000
375
50,271
277,396
(37,711)
1,299,575
Closing
balance
2024
£
1,002,161
339,398
1,341,559
18,240
287
-
1,800
976
375
536
22,214
1,363,773

Page 20

EMMANUEL GATEWAY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

16 Funds continued

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Investment property
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
13,279
102,161
-
900,000
-
-
59,528
-
305,177
-
(38,586)
-
339,398
1,002,161
Unrestricted Funds		 Restricted
funds
£
-
-
286
658
21,269
-
22,214		 2024
£
115,440
900,000
286
60,186
326,446
(38,586)
1,363,773

Designated funds

The Building fund comprises property (including investment property) owned by the charity and represents funds that are not immediately available to fund the day to day activities of the charity. Transfers are sometimes made to, or from, this fund so that the closing balance on the fund is always equal to the carrying value of the charity's properties.

Restricted funds

The Building fund was created from donations received to help fund the development or refurbishment of property held for the charity's own use.

The Pantry fund was created from donations of goods to a foodbank for onward distribution to beneficiaries.

The Hardship fund was created to help support those facing hardship.

The Jack Petchey Achievement Awards fund was created from grants received from the Jack Petchey Foundation to help inspire and motivate young people.

The Youth fund was created from donations received to help support the church's youth work.

The Equipment fund was created mainly from donations received help purchase PA equipment.

The Mission Support fund was created from donations received to help support mission activities.

17 Operating lease commitments

The charity has operating leases for two printers and a telephone system. The minimum amount payable in respect of these leases are as follows:

Within one year
Between one and five years
Payments falling due:		 2025
£
4,969
15,933
20,901		 2024
£
4,969
12,090
17,059

During the year the charity was charged £7,563 (2024: £7,361) for its operating leases.

18 Transactions with related parties

During the year the charity:

paid £90 (2024: £nil) to Lois Dunn, who who is closely related to a trustee, for providing a retreat session for the charity.

Except for the reimbursement of expenses incurred when acting as agent for the charity, or incurred when undertaking employment duties not connected with serving as a trustee, no expenses (2024: £nil) were paid to the trustees.

Except as disclosed in note 8 'Analysis of staff costs', there have been no other transactions with related parties during the year.

Page 21

EMMANUEL GATEWAY CHURCH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 MARCH 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Other income: insurance claim and asset disposals
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Raising funds
7
Total Expenditure
Net gains/(losses) on revaluation of investments
10
Net income/(expenditure)
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 General
Designated
2025
2025
£
£
282,355
-
19,359
-
34,626
-
-
-
336,339
-
379,139
4,053
1,159
-
380,298
4,053
-
-
(43,959)
(4,053)
(15,181)
-
(59,141)
(4,053)
339,398
1,002,161
280,257
998,108
Unrestricted funds		 Restricted
2025
£
26,368
-
-
-
26,368
42,553
-
42,553
-
(16,185)
15,181
(1,004)
22,214
21,210		 Total
2025
£
308,722
19,359
34,626
-
362,707
425,745
1,159
426,904
-
(64,198)
-
(64,198)
1,363,774
1,299,575		 General
Designated
2024
2024
£
£
287,023
-
12,477
-
27,092
-
-
-
326,592
-
386,788
4,053
919
-
387,707
4,053
-
(40,000)
(61,115)
(44,053)
(19,236)
-
(80,351)
(44,053)
419,749
1,046,214
339,398
1,002,161
Unrestricted funds		 Restricted
2024
£
28,352
-
-
-
28,352
47,542
-
47,542
-
(19,190)
19,236
46
22,168
22,214		 Total
2024
£
315,375
12,477
27,092
-
354,944
438,383
919
439,302
(40,000)
(124,358)
-
(124,358)
1,488,131
1,363,773

Page 22