# ## ||||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| ||||Vl
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