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|Trustees'
report||1-B|
|Statement oftrustees'|responsibilities||
|Independent
examiner's
report|||
|Statement offinancial|activities||
|Balance sheet|||
|Notes to the financial|statements|11 - 23|
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|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|||||
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||||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|
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||||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|
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|||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|
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|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|
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|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||
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|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|
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|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|
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|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|
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||||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|
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||||2022f|2021
f|
|---|---|---|---|---|
|Within|one|year|193|193|