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|Company<br>information||
|Directors' report|3-9|
|Auditors'<br>Report|10-13|
|Consolidated<br>and Charity Statement of Financial Activities||
|Consolidated<br>and Charity Saiance Sheet|1S|
|Consolidated<br>Cash Flow Statement|16|
|Notes to the accounts|17-25|





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||||Unrest-|Desig-||||||
|---|---|---|---|---|---|---|---|---|---|
||||ricted|nated|Restricted|Group|Group|Charity|Charay|
|||Note|Fund|Fund|Fund|2022|2021|2022|2021|
|||||g|g||f|||
|Income aad Expeoditure||||||||||
|Incoming<br>Resources||||||||||
|Incoming<br>resources|frora generated|||||||||
|funds:||||||||||
|Voluntary<br>income;||||||||||
|Donations and legacies||2|1,493,749<br>1,493,749|||1,493,749<br>1,493,749|1,545,666<br>1~5,666|1,493,744<br>1,493,74|1,498,045<br>1,498,045|
|incoming resources|from charitable|||||||||
|activities:||||||||||
|Boos.shop||3|434|||434|589|431|589|
|Iovestmcnt<br>Income||4|19,969|||19,969|34334|19,96t|34,234|
|Gain/loss<br>on iangiblc|assets|5|||||653,660||653,660|
|Trading iocome||6|8,641|||8,641|2388|||
|Total Incoming Resources|||1,522,793|||1,522,793|2236,537|1,514.15|2, IS6,528|
|Expenditure||||||||||
|Raising funds||9|3,575|||3,575|4,086|3.575||
|Trading Expcnscs||6|62,973|||62,973|66,778|||
|Charitable<br>activities||7|1,812489|||1,812,289|1,78S,871|1,812,28)|1,788,871|
|Total Expenditure|||I 878 837|||,I C537|3.357,735,5||1,792,957|
|Nct lacorae/(expeoditure)<br>and net|||(356,044)|||(356,044)|376,S02|(301,71I)|393471|
|raovements<br>in funds|for tbe|year||||||||
|Reconeillstlon<br>offunds||||||||||
|Total Funds Drought|Forward|at Ol/Ol/2022|6,434,644|||6,434,644|6,057,842|6,898436|6,504,665|
|Total Funds Carried|Forward|at 31/12/2022|6,078,600|||6,078,600|6,434,644|6,596,S28|6,898336|





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||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|
|||||Nate|2022|2021|2022|2021|
|||||||6||f.|
|FIxed Assets|||||||||
|Tangible Assois<br>Investments||||13<br>14|5,S26,402<br>55825|S,S94383|4,677,338<br>300<br>4,677,638|4,705,613<br>300<br>4,705,913|
|Current<br>Assets|||||||||
|Inventory|||||||||
|Trade receivables||||15|94,165|162374|1,805,617|1,866,764|
|Cash at Bank|and in|Hand|||692,489|~434 001|636,372|2369.386|
||||||, 1||2,441,989|4,236,150|
|Creditors: Amounts||falling|dne||||||
|within one||year||16|371319|419,775|319191|407488|
|Net Current|Assets||||415,435|2,176,600|2,082,124|3,828,662|
|Total Assets|Less Current||Liabilities||6,241,837|8,070,983|6,7S9,762|8,534,575|
|Crcditorsi<br>Ainounts||falliag|due over|17|163337|1,636339|163,237|1,636339|
|one|year||||||||
|Net Assets|||||,i~|ti,ST47988|6~&25|~lclif236|
|Represented|By:||||||||
|Non-Charitable<br>Trading Funds||||20|(517,925)|(463,592)|||
|(/nrestricted|Funds|||ig|6 596 525<br>~TA00|6,898336<br>~Tf7vtg|6396,525<br>K3%325|6,898236|



|Philip Olusegun<br>Adeyi|
|---|
|(Trustee/Director)|





|||||2022|2021|
|---|---|---|---|---|---|
|Cash used in operating|activities|||||
|Net movement<br>in funds||||(356,044)|376,802|
|Add back depreciation||||223/93|222,309|
|Deduct profit on disposal|s||||(653,660)|
|Deduct interest income||||||
|in investing<br>activities||||(821)|(36)|
|Add interest paid||||41,585|59,638|
|(Increase)<br>decrease<br>in stocks||||||
|(Increase) Decrease<br>in debtors<br>increase (decrease)<br>in creditors||||68709<br>~48.556|170,331<br>~35,885|
|||||(72,334)||
|Cash Iiows from investiag||activities||||
|Purchase oftangible fixed||assets||(155,312)|(38,590)|
|interest<br>income||||821|36|
|Interest paid||||(41,585)|(59,638)|
|Cash provided<br>by (used|in) investing|||||
|activities||||(196,076)|(98,192)|
|Cash flows from financing<br>activities||||||
|New loans in year||||||
|Repayment ofborrowing||||(1,473,102)|(230,094)|
|Prooeeh ofsale offixed|assetts||||2,108,478|
|Cash used in financing|activities|||(1,473,102)||
|Increase (decrease) in cash||and cash||||
|equivalents<br>in the year||||(1,741,512)|1,920,491|
|Cash and cash equivalents||at the||||
|beginning ofthe year||||2,434,00 I|513,510|
|Total cash and cash equivalents|||at the end|||
|ofthe year||||692,489||





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||||||Group|Charity|Group|Charity|
|---|---|---|---|---|---|---|---|---|
||||||2022|2022|2021|2021|
||||||Unrestricted|Unrcstri(sed|Unrestricted|Unrestricted|
||||||||f|f|
|2.Donations||and|Legacies||||||
|Donations|||||1,286,028|1,286,02S|1,220,912|1,220,912|
|Gilt Aid|||||207,721|207,721|164,699|164,699|
|Business|Rates||||||47,621||
|Coronsvirus||Job|Retention|Schente|||112434|112,434|
||||||1,493,749|1,493,749|1,545,666|1,498,045|
||||||Group|Charity|Group|Charity|
||||||2022|2022|2021|2021|
|3.Shop become|||||Unrestricted|Llnresu icted|Unrestricted|Unrestricted|
|||||||||f|
|Shop income|||||434|434|589|589|
||||||434|434|349||
||||||Group|Charity|Group|Charity|
||||||2022|2022|2021|2021|
|4. Invesbneat||Income|||Unres(rioted|Unrestricted|Unrestricted|Un(cstricted|
|||||||f|||
|Deposit account|||Interest||821|SZ I|36|36|
|Rent Received|||||19,148|19,148|34,198|34,198|
||||||19,969|19,969|34434|34,234|
|5.Gain/loss|-|saic|oftangible|assets|2022|2022|2021|2021|
|||||||f|f||
|Net book|value||I January 2021||||1,454,818|1,454,818|
|Net sale proceeds|||||||2,108,47S|2,108,478|
|Goin/loss|||||||653,660|653,660|
|6,Trading income|||nnd Costs||||||
||||||2022|2022|2021|2021|
|Trading|Income||||8,64!||2,388||
|Administration|||||(62,973)||(66,778)||
|Government||grant received|||(62,973)||47,621<br>~((9,(37||
|Operating|Proriil/(Loss)||||(54332)||(16,769)||
|Prutit/(Loss)|||||54,332||(16,769)||





## 

||||tinmstriclcd|DcsignatIXI|Restricted|I otal|Total|
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
||||6|||8|t|
|StaffCosts|||526,648|||526,648|539,792|
|Social Security cost|||52,805|||52,805|50,192|
|Employer's<br>pension cost|||36,159|||36,159|38,029|
|Rent and rates|||4,$95|||4,895|$,079|
|Insurance|||13,409|||13,409|18,800|
|Sudf medical and life|insurance||28,958|||2$,958|49,322|
|Light and heat|||26,557|||26,557|22,800|
|Telephone<br>&.internet|||7,739|||7,739|13+18|
|Post, stationery<br>and soihvare|||10,007|||10,007|8,880|
|Mission<br>and ministry|gifls||170,163|||170,163|102,730|
|Christmas<br>celebration|||52,783|||52,7$3|56,974|
|Ministry<br>expenses|||196457|||196457|193,177|
|Tralnutg<br>expenses|||96,022|||96,022|71,570|
|Service charges|||19,963|||19,963|15,303|
|Repairs and maintenance|||53,717|||53,717|76,497|
|TV and radio broadcast|||107332|||107/32|99,842|
|Outreach<br>events|||$9462|||$9,262|52,866|
|Easter celebration|||6,646|||6,646|1,176|
|New year celebration|||2,006|||2,006|9,994|
|Conventioo|||3$,376|||38+76|28,169|
|Subscri ptions|||14,009|||14,009|16,149|
|Depreciation - fixtures|&fittings||29.991|||29,991|50,723|
|Depreciation<br>- freehold||property|130,442|||130,442|129,136|
|Depreciation<br>—plant tk machinery|||23,155|||23,155|2,743|
|Mortgage<br>mterest|||41,585|||41,585|59,638|
|Advertising|||5,017|||5,017|GWG|
|Oovcrnance<br>cost (note|8)||28,486|||28,486|66,706|
||||1,$12389|||1,812,289|1,788,$71|






## 

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|9.Cost ofraising|funds|funds||||Unrestricted|Unrestricted|Designated|Designated|Icestrtcmd|Total|Total||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2022|202i||
|9.I BookShop|||||||f|f||||f||
|Opening<br>stock||||||||||||||
|Purchases|||||||3,575||||3375|4.086||
|Closing Stock||||||||||||||
|Total|||||||3,575||||3,575|4,086||
|AII the f3,575 in 2022 was charged||||||to unrestricted||funds,||||||
|10. Net lncmne/(expenditure)||||||||||||||
|Nct income/(expenditu2|||e)|is stated|after|||||||||
|chargi ng/(cred|iIing):|||||||||||||
|||||||||2022|||2021|||
|Auditors'<br>rernunctation||||||||7,500|||7,500|||
|Depreciation||||||||!83,587|||182602|||
|11.Trustees'<br>Remuneration||||and Beaeflts||||||||||
|One trustee was paid||a salary off65,000 in|||||the year|||||||
|||||||||Group|||Gmup|Charity|Chsri|
|12.Staff Costs||||||||2022|||2021|2022|2021|
|||||||||f||||||
|Salaries||||||||526,648|||539,792|526,648|539,7|
|Employe/s<br>National||Insurance||||||52,805|||50,192|52,805|50, 1|
|Pension costs||||||||36,159|||38,029|36,159|38,0|
|||||||||6 2.6|2||628,013|615,612|628,01|
|The average number||ofemployees|||analysed||by funccion was:|||||||
|||||||||2022|||2021|||
||||||||||18||18|||
||||||||||3||3|||
||||||||||21||21|||



|2022|2021||
|---|---|---|
|||I|





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|13|Fixed Assets-(Group)||||||
|---|---|---|---|---|---|---|
|||Furnltiuc|||||
|||Fixtures &|I reehoid|Pilant|||
|||Equipment|Propeny|Machineiy|'I'otal||
|||f||f,|||
||Cost||||||
||At<br>I January 2022|216,393|7,992,i78|36,889|8,247,460||
||Addition|5,138|65300|84,874||155,312|
||Disposals||||||
||Al 31 December 2022|221,531|8,057,478|123,763|8,402,772||
||Depreckttioa:||||||
||At<br>I January 2022|172,9i2|2,145,187|34,978|2353,077||
||Charge<br>I'or the year|32,551|167387|23,155||223393|
||Disposals||||||
||At 31 December 2022|205,463|2,312,774|58,133|2,576370||
||Net Book Value:||||||
||At 31 December 2022<br>At 31 December 2021|16,068<br>43,481|5,744,704<br>5,846,991|65,630<br>5,826,402<br>391»<br>3|||
|14|Fixed Asset Inymtment|||Subsidiary|||
|||||Undertaking|Total||
|||||Shares|||
|||||f|||
||Cost||||||
||At 31 December 2022|||300||300|
||At 31 December 2021|||300||300|



## 

|15|Trade Reeelvablm|||||||
|---|---|---|---|---|---|---|---|
|||||Group|Group|Charily|Cluu ity|
|||||2022|2021|2022|2021|
|||||||f|f|
||Amounts<br>owed by|group undeitakings||||1,712,632|1,704,390|
||Other debtors<br>Pn:payments|||87,714<br>6,451<br>. 6|120,744<br>41,630<br>6 .37|86334<br>6,451<br>120,744<br>41,630<br>1,8111,6»,866,||
|16|Creditors: Amounts|falling due witlsia|one year|||||
|||||Group|Gtoup|Charity|Charity|
|||||2022|2021|2022|2021|
||||||f|f|f|
||Bank loans and overdreJls|||187,506|187306|187,506|187,506|
||Trade creditors|||98,901|77,315|89,047|66,428|
||Other Taxes &Social Security|||31,406|28,473|31,406|28,473|
||Other creditors|||22,656|23,634|22,656|23,634|
||Deferred<br>income|||11,740|11,740|11,740|11,740|
||Accrued expenses|||19,010|91,107|17310|89,707|
|||||371,219|419,775||,188|





|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2022|2021|2022|2021|
||||||f|
|Bank|Loans|163,237|1,636,339|163,237|1,636,339|



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||||Balance|Incoming|Resources|Transfers|Balance|
|---|---|---|---|---|---|---|---|
||||At|Resources|Expended||At|
||||01/01/2022||||3I/12/2022|
|Uurcstrictcd||funds||||||
|General|fund||6,898,236|1,514,152|I,SIS,863||6,596,525|
|Building|repairs fund|||||||
|Branches fund<br>Totalfunds|||, 9236,5 6, 52||3 965.963||6,596,525|



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|19. Aa|alysis ofNet|Assets Between Fu|nds||||||
|---|---|---|---|---|---|---|---|---|
|||||Non|||||
|||Restrimed|Unrcstrit:ted|Charitable|Designated|Revatuadon|T|tul|
|||||Trading<br>Funds|||||
|||||f|||||
|Current|Assets||2,082,124|(1,666,688)|||4I5,436||
|Fixed Assn(s|||4,677,33S|1,149,063|||5,$6,401||
|Loan|||(163,237)||||(16|437)|
|Investmcnt|||300|(300)|||||
||||. 96525|65i9 9255|||6,|8,600|



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|The company|owns the|whole ofthe|issued ordinary|sham cspitai|sham cspitai|ofGateway|ofGateway|ofGateway|Incorporated<br>Ltd,|Incorporated<br>Ltd,|Incorporated<br>Ltd,||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|a company<br>intmrporated||in UK on 26June 2008.The||subsidiary||is|used|for commercial|||activities.||||
|It also owns the whole ofthe issued|||ordinary<br>shares ofanather||company,|||Vista Hospitality<br>Ltd,|||||||
|a company<br>ilncotporated||In UK on 13April 2009.This subsidiary||||is also used|||for|commercial<br>activities|||||
|A third company, New||Wine Cenual|Ltd incorporated|on 20 August 20||||IS in|ihe UK is also wholly|||owned,|||
|The subsidiary|is used for commemial||activities.||||||||||||
|A summary ofthe rout)tv ot'the subsidiaries<br>am shown below:|||||||||||||||
||||Gateway|Vista|||New Wine||||Gateway|Vista|N|w Wine|
|||Incorporated||Hospitality|||Ceniml|||Incorporated||Hospitality||'entiral|
||||Lid|Lid||||Lid|||Lid|Lid||Ltd|
||||2022|2022||||2022|||2021|2021||2021|
|||||f||||f||||f||6|
|Trading<br>Income|||8,641||||||||2,388||||
|Administmtion|||(62.974)||||||||(66,778)||||
|Other operating|income||||||||||47,621||||
||||62,974||||||||(19,157)||||
|Operating<br>Pro|fiI/(Lass)||(34333)||||||||(16.769)||||
|Surplus|||(54833)||||||||(16,769)||||
|The aggregate|ofthe assets, liabilities||and funds were:||||||||||||
|Assets|||1,206,701|100||||100|||1053,185|100||100|
|Liabilities|||(1,723P86)|||||||(1,716,667)|||||
|Shareholder<br>Funds|||(5)7,285)|100||||100|||(463,482)|100||100|



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