## ## ||||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| |Emetttiihcaun;||||||||| |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||||||| |tlafaatm2eifuada||||||| |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|