2023-03-31-accounts

			Page
Trustees'	report		1-5
Statement	oftrustees'	responsibilities
Independent examiner's report
Statement	offinancial	activities
Balance sheet			9-10
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	office:					The Gate
						Keppoch Street
						Cardiff
						CF24 3JW
Trustees:						Norman Adams
						John Gallacher
						Rob Parsons
						Peter Brooks
						Robert Scott-Cook
						Paul Francis - appointed			15/02/2023
						Robin Vincent-	appointed		15/02/2023
Trust accountant:						Paul Burnell
Independent		examiners:				Azets Audit Services
						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	Unrestricted	Restricted	Total
					funds	funds	funds
				Notes	2023 f	2022f	2022f	2022f
m n
Donations and legacies				3	486	859		859
Charitable activities				4	49,005	130,339	4,139	134,478
Investments				6	14,024	24		24
Other income				6	279,532	3,604		3,604
Total income					343,047	134,826	4,139	138,965
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Charitable activities				7	89,517	130,969	34,977	165,946
Net gains/(losses)		on investments		12	(939)
Net income/(expenditure)			forthe year/
Net movement	in	funds			252,591	3,857	(30,838)	(26,981)
Fund balances	at 1April		2022		547,177	543,320	30,838	574,158
Fund balances	at	31 March 2023			799,768	547,177		547,177

			2023		2022
		Notes	6		6
Fixed assets
Tangible assets		13				425,465
Investments		14		335,341		130,000
				335,341		555,465
Current assets
Debtors falling due	after one year	15	78,571
Debtors falling due	within one year	15	14,286		8,530
Cash at bank and	in hand		374,126		18,391
			466,983		26,921
Creditors: amounts falling due within
one year		16	(2,556)		(35,209)
Net current assets/(liabilities)				464,427		(8,288)
Total assets less	current liabilities			799,768		547,177
Income funds
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Designated funds		17			425,465
General unrestricted funds			799,768		121,712
				799,768		547,177
				799,768		547,177

			Unrestricted	Unrestricted
			funds	funds
			2023	2022
			8	8
Donations	and	gifts	486	859

			2023	2022
				6
Cafe bar				267
Grants				4,139
Rooms and facilities		hire	45,888	111,534
Events, classes and		presentations	3,119	18,538
			49,005	134,478
Analysis	by fund
Unrestdicted funds			49,005	130,339
Restricted	funds			4,139
Grants
Arts Council ofWales				3,500
HMRC Coronavirus		Job Retention Scheme		639
				4,139

			Unrestricted	Unrestricted
			funds	funds
			2023	2022
			8
	Income from unlisted	investments	8,280
	Interest receivable		5,744	24
			14,024	24
6	Other income
			Unrestricted	Unrestricted
			funds	funds
			2023	2022
			6
	Net gain on disposal	oftangible fixed assets	279,532
	Other income			3,604
			279,532	3,604

7	Charitable activi	t	ies
						2023	2022
						6	6
	Staff costs					26,006	62,871
	Depreciation and		impairment			4,998	14,993
	Catering					12	2,634
	Repairs, renewals		and equipment		hire	10,302	21,098
	Marketing					122	282
	Subscriptions					138	621
	Training, sundry	and		travel expenses		386	4,495
						41,964	106,994
	Grant funding of	activities (see note 8)				10,000
	Share ofsupport	costs (see note			9)	35,243	56,982
	Share ofgovernance			costs (see	note 9)	2,310	1,970
						89,517	165,946
	Analysis by fund
	Unrestricted funds					89,517	130,969
	Restricted funds						34,977
8	Grants payable
						2023	2022
							6
	Grants to institutions:
	The Salt Trust					10,000

Supportcosts
			Support	Governance	2023	2022	Basis of
			COSta	CoatS			allocation
			6	6	6	6
Staff costs			1,084		1,084	2,620	Direct
Bank charges and loan interest			440		440	1,354	Direct
Cleaning			1,446		1,446	2,113	Direct
Repairs, renewals and equipment		hire	2,794		2,794	17,647	Direct
Light, heat and insurance			17,912		17,912	25,819	Direct
Legal and professional fees			9,371		9,371	5,810	Direct
Telephone			422		422	878	Direct
Printing, postage and stationery						741	Direct
Rent and rates			1,710		1,710	-	Direct
Independent examination	fees			2,310	2,310	1,970	Governance
			35,243	2,310	37,553	58,952
Analysed between
Charitable activities			35,243	2,310	37,553	58,952

The average	monthly number ofemployees during th	e year was:
		2023	2022
		Number	Number
Total staff
Employment	costs	2023	2022
		6	6
Wages and salaries			62,282
Social security costs			2,540
Other pension costs		146	669
		27,090	65,491

				Unrestricted	Total
				funds
				2023	2022
				8	6
Gain/(loss)	on	sale	ofinvestments	(939)

Tangible fix	ed asset	s
			Freehold land		Building	Total
			end buildings	improvements
			8		8	8
At 1 April 2022			500,000		49,929	549,929
Disposals			(500,000)		(49,929)	(549,929)
At 31 March	2023
Depreciation	and impairment
At 1 April 2022			90,000		34,484	124,464
Depreciation	charged	in the year	3,333		1,664	4,997
Eliminated in	respect	ofdisposals	(93,333)		(36,128)	(129,461)
At 31 March	2023
Carrying amount
At 31 March	2023
At 31 March	2022		410,000		15,485	425,465

14	Fixed asset investments
		Listed	Unlisted	Total
		investments	Investments
		8
	Cost or valuation
	At 1 April 2022		130,000	130,000
	Additions	101,000	100,000	201,000
	Valuation changes	(939)		(939)
	Accrued interest earnt		5,280	5,280
	At 31 March 2023	100,061	235,280	335,341
	Carrying amount
	At 31 March 2023	100,061	235,280	335,341
	At 31 March 2022		130,000	130,000
15	Debtors
			2023	2022
	Amounts falling due within one year:		6	6
	Trade debtors			8,157
	Other debtors		14,286	373
			14,286	8,530
			2023	2022
	Amounts falling due after more than one year:		8	8
	Other debtors		78,571
	Total debtors		92,857	8,530

Creditors: amounts f	alling due within one year
		2023	2022f
Trade creditors			765
Other creditors		246	133
Accruals and deferred	income	2,310	34,311
		2,556	35,209

				Balance at	Resources	Balance at	Resources	Balance at
			1	April 2021	expended	1 April 2322	expended 31	March 2023
				6	6	6		6
Fixed	asset	fund		440,458	(14,993)	425,465	(425,465)
				440,458	(14,993)	425,465	(425,465)

donation	s an	d grants	held	on trust for spec	ific purposes:
					Movement	in funds		Movement
								in funds
				Balance st	Incoming	Resources	Balance at	Incoming	Balance at
				1 April 2021	resources	expended	1April 2322	resources	31March 2023
				8				6	6
National	Lottery Heritage
Fund				10,134		(10,134)
Welsh Government				17,411		(17,411)
HMRC Coronavirus			Job
Retention Scheme					639	(639)
EAAmercia		Mission		151		(151)
Serbia				3,142		(3,142)
Arts Council		ofWales			3,500	(3,500)
				30,838	4,139	(34,977)

Analysis of ne	t assets between fun	ds
		Unrestricted	Unrestricted	Designated	Restdicted	Total
		Fund	Fund	funds	Fund
		2023	2022	2022	2022	2022
		8	f		5
Fund balances	at 31 March 2023
are represented	by:
Tangible assets				425,465		425,465
Investments		335,341	130,000			130,000
Current assets/(liabilities)		464,427	(8,288)			(8,288)
		799,768	121,712	425,465		547,177

			2023	2022
			6	6
Within	one	year		193