2021-03-31-accounts

			Page
Trustees'	report		1-7
Statement	oftrustees'	responsibilities
Independent examiner's report
Statement	offinancial	activities	10
Balance sheet
Notes to	the financial	statements	13-25

Charity name:	Charity name:				Gate Trust Limited	Gate Trust Limited
Other names:					The Gate
					The Gate Arts and		Community		Centre
Charity registration			number:		1090915
Company	registration			number:	4118613
Registered	office:				The Gate
					Keppoch Street
					Cardiff
					CF24 3JW
Trustees:					Norman Adams
					John Gallacher
					Rob Parsons
					Peter Brooks
					Robert Scott-Cook
Trust accountant:					Paul Burnell
Key management			personnel:		Mark Rawlins
Independent		examiners:			Azets Audit Services
					Chartered Accountants			8 Statutory Auditors
					Ty Derw
					Lime Tree Court
					Cardiff Gate Business Park
					Cardiff
					CF23 8AB
Bankers:					The Co-operative		Bank
					Business Customer Services
					PO Box250
					Skelmersdale
					WN8 8WT
Solicitors:					Loosemoores	Solicitors
					Alliance House
					18/19 High Street
					Cardiff
					CF101PT

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2021	2021	2021	2020	2020	2020
	Notes	6	8	6		8	8
Donations and legacies		796		796	1,377		1,377
Charitable activities		178,408	124,116	302,524	290,595	7,500	298,095
Investments		57		57	44		44
Other income					206		206
Total income		179,261	124,116	303,377	292,222	7,500	299,722
Exgttgdit~g. Charitable activities		71,065	96,571	167,636	311,432	7,500	318,932
Net incomingl
(outgoing) resources
before transfers		108,196	27,545	135,741	(19,210)		(19,210)
Gross transfers
between funds		(3,293)	3,293
Net income/(expenditure)
for the yesrl
Net movement	in funds	104,903	30,838	135,741	(19,210)		(19,210)
Fund balances at 1
Apdil 2020		438,417		438,417	457,627		457,627
Fund balances	at 31
Nlarch 2021		543,320	30,838	574,158	438,417		438,417

				2021		2020
			Notes			6	6
Fixed assets
Tangible assets			11		440,458		455,451
Investments			12		50,000
					490,458		455,451
Current assets
Stocks			13	2,000		3,800
Debtors			14	6,224		4,445
Cash at bank and in		hand		84,487		21,934
				92,711		30,179
Creditors:	amounts	falling due within
one year			16	(9,011)		(47,213)
Net current	assets/(liabilities)				83,700		(17,034)
Total assets less current liabilities					574,158		438,417
Income funds
Restricted	funds		18		30,838
Unrestricted	funds
Designated	funds		17	440,458
General unrestricted		funds		102,862		438,417
					543,320		438,417
					574,158		438,417

3	Donations and lega	cies
				Unrestricted	Unrestricted
				funds	funds
				2021	2020
				6	8
	Donations and gifts			796	1,377
4	Charitable activities
				2021	2020
	Cafe bar			750	53,509
	Grants			180,616	7,500
	Rooms and facilities	hire		108,929	174,119
	Events, classes and	presentations		12,229	62,967
				302,524	298,095
	Analysis by fund
	Unrestricted funds			178,408
	Restricted funds			124,116
				302,524
	Forthe year ended	31 March 2020
	Unrestricted funds				290,595
	Restricted funds				7,500
					298,095
	Grants
	Hedtage Lottery Fund			46,300
	Welsh Government			32,550
	Arts Council ofWales			31,500	5,000
	Cardiff Council			25,000
	HMRC Coronavirus	Job Retention	Scheme	45,266
	Arts &Business Cymru				500
	The Oakdale Trust				1,000
	Western Power Distribution				1,000
				180,616	7,500

5		Investme	nt	s
										Unrestricted	Unrestricted
										funds	funds
										2021	2020
										E
		Interest receivable								57	44
6		Other income
										Total	Unrestricted
											funds
										2021	2020
										5
		Sundry									206
	7	Charitable		activities
										2021	2020
										6	6
		Staff costs								89,634	161,901
		Depreciation			and	impairment				14,993	14,993
		Arts and	theatre			costs					6,595
		Catering								3,369	28,170
		Repairs,	renewals				and equipment		hire	7,623	33,469
		Marketing								1,316	5,035
		Tutor fees									1,033
		Subscriptions								887	3,167
		Training,	sundry			and travel expenses				1,459	2,224
										119,281	256,587
		Share of	support			costs (see note			8)	46,385	60,375
		Share of	governance					costs (see	note 8)	1,970	1,970
										167,636	318,932
		Analysis		by	fund
		Unrestricted			funds					71,065	311,432
		Restricted		funds						96,571	7,500
										167,636	318,932

Support	costs
						SupportGovernance		2021	2020	Basis of
						costs	costs			allocation
						f	6	6	6
Staff costs						3,735		3,735	6,746	Direct
Bank charges and		loan interest				1,445		1,445	5,251	Direct
Cleaning						2,398		2,398	2,866	Direct
Repairs, renewals		and	equipment		hire	16,998		16,998	5,278	Direct
Light, heat and insurance						12,289		12,289	22,943	Direct
Training,	travel expenses			and sundry					1,056	Direct
Legal and	professional		fees			6,914		6,914	9,339	Direct
Telephone						809		809	1,083	Direct
Printing, postage		and stationery				247		247	613	Direct
Rent and	rates					1,550		1,550	5,200	Direct
Independent examination				fees			1,970	1,970	1,970	Governance
						46,385	1,970	48,355	62,345
Analysed	between
Charitable	activities					46,385	1,970	48,355	62,345

The average	monthly number of employees during	the year was:
		2021	2020
		Number	Number
Total staff			22
Employment	costs	2021	2020
		8	8
Wages and salaries		92,413	164,534
Social security costs			2,446
Other pension costs		956	1,667
		93,369	168,647

Tangible fix	ed asset	s
			Fmebold land	Building	Total
			and buildings	improvements
			6	6
Cost
At 1 April 2020			500,000	49,929	549,929
At 31 March	2021		500,000	49,929	549,929
Depreciation	and impairment
At 1 April 2020			70,000	24,478	94,478
Depreciation	charged	in the year	10,000	4,993	14,993
At 31 March	2021		80,000	29,471	109,471
Carrying amount
At 31 March	2021		420,000	20,458	440,458
At 31 March	2020		430,000	25,451	455,451

Fixed as	set investments
		Unlisted
		investments
Cost or	valuation
At 1 April	2020
Valuation	changes	50,000
At 31 March 2021		50,000
Carrying	amount
At 31 March 2021		50,000
At 31 March 2020

13	Stocks
			2021	2020
			6
	Finished goods and goods for resale		2,000	3,800
14	Debtom
			2021	2020
	Amounts	falling due within one year:	6	6
	Trade debtors		5,285	4,310
	Other debtors		939	135
			6,224	4,445
15	Loans and overdrafts
			2021	2020
			5	6
	Otherloans			24,000
	Payable within one year			24,000

		2021 6	2020f
Borrowings			24,000
Other taxation and social security			1,739
Trade creditors		67	14,978
Other creditors		7,286	4,838
Accruals and deferred	income	1,658	1,658
		9,011	47,213

			Movement
			in funds
			Incoming	Balance at	Transfers	Balance at
			resources	1 April 2020		31 INarch 2021
Fixed	asset	fund			440,458	440,458
					440,458	440,458

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