2022-03-31-accounts

		Page
Trustees' report		1-B
Statement oftrustees'	responsibilities
Independent examiner's report
Statement offinancial	activities
Balance sheet
Notes to the financial	statements	11 - 23

Reference	and administrative	and administrative	and administrative	and administrative	details
Charity name:						Gate Trust Limited
Other names:						The Gate
						The Gate Arts and		Community		Centre
Charity registration			number:			1090915
Company	registration			number:		4118613
Registered	offic:					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			&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
						CF10 1PT

			Unrestricted	Restricted	Total Unrestricted	Total Unrestricted	Restricted	Total
			funds	funds		funds	funds
		Notes	2022	2022 5		2021	2021	2021f
Donations and legacies		3	859		859	796		796
Charitable activities		4	130,339	4,139	134,478	178,408	124,116	302,524
Investments		5	24		24	57		57
Other income		6	3,604		3,604
Total income			134,826	4,139	138,965	179,261	124,116	303,377
E)tggfttliINK83ta;
Charitable activities		7	130,969	34,977	165,946	71,065	96,571	167,636
Gross transfers	between
funds						(3,293)	3,293
Net incomei(expenditure)		for
the year/
Net movement	in funds		3,857	(30,838)	(26,981)	104,903	30,838	135,741
Fund balances at 1 April		2021	543,320	30,838	574,158	438,417		438,417
Fund balances	at 31March
2022			547,177		547,177	543,320	30,838	574,158

			2022		2021
		Notes			5
Fixed assets
Tangible assets		11		425,465		440,458
Investments		12		130,000		50,000
				555,465		490,458
Current assets
Stocks		13			2,000
Debtors		14	8,530		6,224
Cash at bank and in	hand		18,391		84,487
			26,921		92,711
Creditors: amounts	falling due within
one year		15	(35,209)		(9,011)
Net current (liabilities)/assets				(8,288)		83,700
Total assets less current liabilities				547,177		574,158
Income funds
Restricted funds		17				30,838
~ore ~ri ~ed f
Designated funds		16	425,465		440,458
General unrestricted	funds		121,712		102,862
				547,177		543,320
				547,177		574,158

		2022	2021
		8	8
Cafe bar		267	750
Grants		4,139	180,616
Rooms and facilities	hire	111,534	108,929
Events, classes and	presentations	18,538	12,229
		134,478	302,524
Analysis by fund
Unrestricted funds		130,339
Restdicted funds		4,139
		134,478
For the year ended	31March 2021
Unrestricted funds			178,408
Restricted funds			124,116
			302,524
Grants
Heritage Lottery Fund			46,300
Welsh Government			32,550
Arts Council ofWales		3,500	31,500
Cardiff Council			25,000
HMRC Coronaviius	Job Retention Scheme	639	45,266
		4,139	180,616

5	Investments
		Unrestricted	Unrestricted
		funds	funds
		2022	2021
		8
	interest receivable	24	57

Other inc	om	e
							Unrestricted	Total
							funds
							2022	2021
							8	6
Other income
Charitable activities
							2022	2021
							8	6
Staff costs							62,871	89,634
Depreciation		and		impairment			14,993	14,993
Catering							2,634	3,369
Repairs, renewals				and equipment		hire	21,098	7,623
Marketing							282	1,316
Subscriptions							621	887
Training,	sundry		and		travel expenses		4,495	1,459
							106,994	119,281
Share of	support		costs (see note			8)	56,982	46,385
Share of	governance				costs (see	note 8)	1,970	1,970
							165,946	167,636
Analysis	by	fund
Unrestdcted		funds					130,969	71,065
Restricted	funds						34,977	96,571
							165,946	167,636

Support costs
					Support	Governance	2022	2021	Basis of
					costs	costs			allocation
					f		f
Staffcosts					2,620		2,620	3,735	Direct
Bank charges and	loan	interest			1,354		1,354	1,445	Direct
Cleaning					2,113		2,113	2,398	Direct
Repairs, renewals	and	equipment		hire	17,647		17,647	16,998	Direct
Light, heat and insurance					25,819		25,819	12,289	Direct
Legal and professional		fees			5,810		5,810	6,914	Direct
Telephone					878		878	809	Direct
Printing, postage and stationery					741		741	247	Direct
Rent and rates								1,550	Direct
Independent examination			fees			1,970	1,970	1,970	Governance
					56,982	1,970	58,952	48,355
Analysed between
Charitable activities					56,982	1,970	58,952	48,355

The average	monthly number ofemployees during th	e year was:
		2022	2021
		Number	Number
Total staff
Employment	costs	2022	2021
		6	6
Wages and salaries		62,282	92,413
Social security costs		2,540
Other pension costs		669	956
		65,491	93,369

Tangible fix	ed asset	s
			Freehold land	Building	Total
			and buildings	improvements
			6	6
Cost
At 1 April 2021			500,000	49,929	549,929
At 31 March	2022		500,000	49,929	549,929
Depreciation	and impairment
At 1 April 2021			8O,OOO	29,471	109,471
Depreciation	charged	in the year	10,000	4,993	14,993
At 31 March	2022		90,000	34,464	124,464
Canying amount
At 31 March	2022		410,000	15,465	425,465
At 31 March	2021		420,000	20,458	440,458

12	Fixed as	set investme	nts
					Unlisted
					investments
					6
	Cost or	valuation
	At 1 April	2021			50,000
	Additions				80,000
	At 31 March 2022				130,000
	Carrying	amount
	At 31 March 2022				130,000
	At 31 March 2021				50,000
13	Stocks
				2022	2021
				8	6
	Finished	goods and goods for resale			2,000
14	Debtors
				2022	2021
	Amounts	falling due	within one year:	6	8
	Trade debtors			8,157	5,285
	Other debtors			373	939
				8,530	6,224
15	Creditors: amounts		falling due within one year
				2022	2021
				5	6
	Trade creditors			765	67
	Other creditors			133	7,288
	Accruals	and deferred	income	34,311	1,858
				35,209	9,011

			Transfers		Balance at	Resources	Balance at
				1	April 2021	expended 31	March 2022
			6			6	6
Fixed	asset	fund	440,458		440,458	(14,993)	425,465
			440,458		440,458	(14,993)	425,465

			2022f	2021 f
Within	one	year	193	193