Charity registratlon number 1090915
Company registratlon number 4118813 (England and Wole•)
GATE TRUST LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

GATE TRUST LIMITED
CONTENTS
Page
Trustees, report
Statement of trustees, responsibililies
Independent examinerfs report
Statement of financial actiVit￿S
Balance sheet
Notes lo the financial statements
9-17

GATE TRUST LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 Marth 2024.
The finanoal statements have been prepared in accordance with the aco)unting policies set out in note 1 to the
finanoal statements and comply with the tharity's governing d0￿ment the Companies A¢t 21Th and
"Accounting and Reporting by Charities.. Statement of Recommended Practice appluble to Gharities p￿ParIng
their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) (effective 1 January 2019)".
Objectlves and actlvities
The obpcts of the charity, as set out in the Memrandum and Artides of Association. are..
The provision of, or assIstsn￿ in the provision of facilities in the interests of S￿la1 welfare for recreation
or other leisure time occupatton, eilher for the benefit of the general public or for the benefit of those who
reason of their youth, age, infimity or disablement, ethniiity, poverty Of social and economic
circumstances, have a need of such faolities.
The advancement of education of the public and promotion of the arts. in particular, but not
exdusively. by the training of performers and the gmng of public perfi)miances.
Ensuring our work delivers Gate Trusvs aims, for the public benefit
The trustees are aware of their duty to run the d*rty for the public benefft and are aware of Charity
Commission's guidan￿ on public benefit.
As a charity, V￿ regularty review our aims, objectives and activities. In the review process, we hjok at what we
have achieved in the last period, the SU￿8$ of each project, and the beneffts that Ihey have brought to the
groups of people they were set up to help. The also helps to ensure our aims. objectives and future
projects continue to be in line with our slated purposes of existence. and cognizant of the gUTrdan￿ contained in
the Charity Commission's general guidance on public benefft.
Achlevements and perfomiance
The Gate Trust is carefully considering how it will use the funds from the sale of the Gate Arts Centre to continue
to fulfil the tharitable objects of the Trust. During the period, grants totalling £20,000 were awarded.
Flnancial revlew
Results
The charity generated an unrestricted surplus (exduding profft on the sale of the building and k>sses on
investments) during the year of £4.724 {2023'. deficat £26.002).
Finances
The overall financial picture has improved.
Reserves Policy
The directors have established a policy whereby the unrestridèd funds. not committed or invostod in tangible
fixed assets (the Yree reserves,? held by the tharity, will be invested in appropriate external funds.
Unrestricted fund balanos carried ftjrward at the year-end were £820,344 (2023: £799,768).
Restricted fund balances carried forward at the year-end were £nil (2023.. £nil).
Free reserves totalled £820,344 (2023: £799.768).
Investment Policy
The directors have considered that cash funds should be deposited in low risk high interest eaming deposits or
medium risk mixed purpose investments deposits vthich fulfil our tharitsble objects.
Princlpal Risks and Uncertainties
The prinopal risks are those of invest￿nt.

GATE TRUST LIMITED
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Plan8 for future periods
Trust has invested the funds from the sale of the Centre into secure high interest eaming accounts to keep up
with inflation. while further carefully considering fiJture strategy that would fu￿1 the charitable objeds of the Gate
Trust over the coming years. Trustees agreed not to become a general granl-making provider. The trustees are
carefully considering the ongoing strategic goals of the Trust and potentral significant Strateg￿ development
partners to fulfil the charttable objeGts.
Structure, govemance and management
Goveming Document
The charity is a charitable company limited by guarantee. incorporated on 1 December 20W and registered as a
chatity on 4 March 2002. The charity is govemed by tts Memorandum and Artides ofAssociation.
Trading Names
The trust has operated under a number of trading names: Yhe Gate". Yhe Gate Arts and Community Centre.
Gale Trust Limited is based at the Glenwood Church Centre in the Llanedeym ward of Cardiff. Wales, from 1 st
August 2022.
Board of Trustees
The directors of the charitable company fthe charity) are ils trustees for the purposes of charity law. and
throughout this report a￿ collectively referred to as the trustees. The trustees meet at least once a year as a full
group. Trustees have been chosen based on thwr professional expertise and commitment to the trust's vision
and ils charitable objects. continually darifying the strategy and direction of The Gate Trust to futfil its charitable
objects.
Decision Making
The Trustees have made the decisions about strategy and direction
Remuneration
There are no paid members of staff.
Trustee Inductlon
New trustees undergo appropriate induction to brief them on their legal O￿lgationS under charity law. the content
of the Trust Deed and the committee and decision-making process. Trustees are encouraged to attend extemal
training events, where these will be of benefit to their role.
Related Parties
Gate Trust has worked closely with Glenwood Churth (registered tharity 1125128). There are some individuals
who act as trustees on both of these charities.
Gate Trust shares some office facilities of Glenwood Church (photocopier etc). All transactions between the
organisations are dealt wilh propedy. with appropnate invoiong taking pla￿ belween them.

GATE TRUST LIMITED
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Rof•rence and adminl•trative detall•
Chartty name:
Gate Tfust Limited
Other name¥:
The Gate
The Gate Arts and Communty Centre
Charfty reglstratlon number.
1090915
Company roglstration number.
4118613
Reglstered offi￿.
The Gate
Keppoth Street
Cardiff
CF24 3JW
Tru8tee•:
Nonnan Adams
John Gallacher
Rob Parsons
Peter Brooks
Robert Scott-Cook- ￿SIgned 29 February 2024
Paul Francis
Robin Vincent
Tru•t accountant:
Paul Bumell
Independent examlnern".
Azets Audit SeThices
Ty Derw
Lime Tree Court
Cardiff Gate Business Pa
Cardiff
CF23 8AB
Bankorn..
The Ctroperative Bank
8usiness Customer Services
PO Box 250
Skelmersdale
V¥Tr18 8wr
8oll¢ltorn:
Loosemoores Soli&tors
Allhqn¢e House
18119 High Slreet
Cardiff
CF10 1PT

GATE TRUST LIMITED
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The
es, ￿port was approved by the Board of Trustees.
Peter 8rook8 . Tru$t••
Dated..

GATE TRUST LIMITED
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees. who are also the diredors of Gate Trust Limtted for the purpose of company law, are responsible for
preparing the Trustees, Report and the financial ststements in accordance with applicable law and United Kingdom
Accounting Stsndards (Untted Kingdom Generally A￿pIed A{￿untIng Practi￿).
Company Law requires the trustees to prepare financial ststements for eath financkil year whith give a true and fair
view of the state of affairs of the charity and of the incoming resources and appli¢3tion of resources. induding the
income and expenditure. of the charitable company for that year.
In preparing these financial statements. the trustees are required to:
- select suitable accounting polici8s and then appty them o)nsistently:
- obser¥8 the methods and principles in the Charities SORP..
- make judgements and estimates that are reasonable and prudent: and
- prepare the financial statements on the going c¢)ncem basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping adequate accounting records that disdose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the chartty and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The Iruslees are responsible for the maintenance and integrity of the charity and finanoal infomation included on
the tharity's website. Legislation in the United Kingdom goveming the preparation and dissemination of financial
statements may differ from legislation in other jurisdictions.

GATE TRUST LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF GATE TRUST LIMITED
I report to the trustees on my examinati1￿ of the financial ststements of Gate Trust Limited (the charity) for the
year ended 31 Marth 2024.
Responsibilities and basis of report
As the trustees of the charity land also tts directors for the purposes of company lawl you are responsible for
the preparation of the finanaal statements in accordan￿ with the requirements of the Companies Act 2006
(the 2006 Act).
Having satisfied myself ihat the finanaal statements of the charity are not required to be audited under Part 16
of the 20C6 Act and are eligible for independent examination. I report in respect of my examination of the
charity's financial statements carrTred out under section 145 of the Charities Act 2011 (the 2011 Act). In carying
out my examination I have followed all the applicable Directions given by the Charity Commission under
section 145{5>(b) of the 2011 Act.
Independent examIne￿S statement
I have completed my examination. I confirm that no Tnatters have come to my attention in connection with the
examination giving me cause to believe that in any material respecl..
accounting records were not kept in respect of the charity as required ty section 386 of the 2006 Act., or
the finanaal statements do not accord with those records: or
the finanoal statements do not comply with the accounting requirements of section 396 of the 2006 Act
other than any requirement that the accounts give a true and fair view whith is not a matter considered as
Part of an independent examination.. or
the financial statements have not been prepared in accordance wtlh the melhods and Pfinciples of the
Stalement of Recommended Practice for accounling and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial slalements lo
be reached.
Azths AIJ'F
Craig Yearsley FCCA
Azets Audit Services
Ty Derw, Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8AB
United Kingdom
17 t*cember 2024
Dated..

GATE TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrl¢t•d Unre8tr1cted
fund$
fund•
2024
2023
Donations and legacies
Charitable a(#1V￿8$
Investments
Other income
49,005
14,024
279,532
29.492
4,380
Total Income
33,872
343.047
Charitable actNiti8$
24,768
89,517
Nei gainsl(losses) on investments
12
11.473
(939)
Net in¢ome for tho yurl
Net movemènt In funds
20.577
252,591
Fund balances at 1 April 2023
799,767
547,177
Fund balances at 31 March 2024
820,344
799,768
The statement of finanaal activities indudes dl gains and losses recognised in the year.
All income and expenditure derive from ￿3ntInuIng activities.
The statement of financial activi￿$ also complies with the requirements for an income and expenditure account
under the Companies Act 2006.

GATE TRUST LIMITED
BALANCE SHEET
AS AT31 MARCH 2024
2024
2023
Notes
Fixed assots
Investments
13
351,715
335,341
Current assets
Debtors falling due after one year
Debtors falling due within one year
Cash at bank and in hand
14
14
e6.397
14,286
3￿.428
78,571
14,286
374.126
471,111
466,983
Creditors.. amounts falling due within
one year
15
(2.482)
(2,556)
Net current assets
468,629
464,427
Totsl assets less current liabilities
820,344
799,768
Income funds
Unrestricted funds
820.344
799.768
820.344
799.768
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2024.
The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply
with section 386 of the Ad and for preparing financial statements which give a true and fa￿ view of the state of
affairs of the company as at the end of the ffinanoal year and of ils incoming resources and applicaion of reSoUr￿s,
including its income and expenditure, for the finanaal year in accordan￿ with the requirements of sections 394 and
395 and which otherwise comply with the requirements of the Companies Act 2006 relating to finanaal statements,
so far as applicable to the company.
The members have not required the company to obtsin an audit of its financial stalements for the year in question in
accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
Thefi
13-Iz-z
I statementswere approved by theTrusleeson........................
Peter Brooks
Trustee
Company registratlon number 4118613

GATE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity inforniation
Gate Trust Limited is a private company limited by guarantee incorForated in England and Vvales. The
registered office is The Gate, Keppoch Street, Card5ff. CF24 3JW.
1.1 Accounting convention
The finanual statements have been prepared in accordance with the charity's goveming document, the
Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practi
applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) {effedive 1 January 2019)". The charity is a Public
Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for tharities applying FRS 102 UpdaÈ Bulletin
1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling. which is the functional currency of the tharity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financtal sktements have been prepared under ttle historical cost convention modrfied to inCl￿e certain
financial instruments at fair value. The principal accounting policies adopted afe set t)ut below.
1.2 Going concem
At the time of approving the finanaal statements. the trustees have a reasonable expectatK)n that the charity
has adequale resources to continue in operational existence for the foreseeable future. Thus the trLtstees
continue to adopt the going concem basis of accounting in preparing the financial statements.
1.3 Charftsble funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
obj'ectives.
Designated funds comprise funds whith have been set aside at the disrxetion of tt)e trustees for specific
purposes. The purposes and uses of the designated fijnds are set out in the notes to the financial statements.
Restricted ftjnds are subject to specific conditions by donors as to how they may be used. The purpjses and
uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably. and il is probable that income will be received.
Cash donations are rets)gnised on receipt. Other donations are recognised once the charity has been notffied
of the donation. unless perfOn￿an￿ conditions require deferral of the amount. Income lax recoverable in
relation to donations received under GfftAld or deeds of covenant Is recognised at the time of the donation.
Cafe bar income. dass income and event and presentatFon income is recognised when the sale takes place or
when the service is provided. Rental income is invoiced and induded in the period to which the rental took
place. Any amounts received in advance of the sep11￿ provided is deferred in the financial statements.
Grants are only induded in the accounts when the general income recognition criteria is met. In the case of
performan￿ related grants, income must only be recognised to the extent that the tharity has provided the
specified goods or services as entitlement to the grant only occurs when the PerfOnnan￿ related coThJitions
are met.

GATE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
Interest income is included in the accounts when receipt is probable and the amount receivable Can be
measured reliably.
The value of any voluntary help re￿iVed is not induded in the accounts but is described in the trustees,
annual report.
1.5 Expenditure
Expenditure is recognised once there is a legal or construdNe obligation to make a payment to a third paty. it
is probable that settlement will be required and the amount of the obligation can be measured reliably.
Costs of raising funds comprise the costs in relation to generating income such as fundraising activities.
Expenditure on charitable adiviiies indudes all costs relating to the furtheran￿ of the tharitys objectives as
stated in the trustees report and their assocTrated support costs.
Irrecoverable VAT is charged as a cost against the activty for which the expenditure was incurred.
Support costs have been allocated between govemance costs and other support. G0Veman￿ costs
comprise all costs involving public accountabilty of the charity and its compliance with regulation and good
practiGe.
Support costs indude cenlral fvnctions and have been allocated to activity Cost Categories on a tgsis
consistent wilh the use of resources.
1.6 Fixed asset investments
Fixed asset investments are initially measured at transaclyon pite exduding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel{expenditure) for the year. Transaction costs are expensed as inojrred.
1.7 Cash and cash equivalents
Cash and cash equivalents indude cash in hand. deposits held at call with banks, other short-temi liquid
investments with ortginal maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.8 Financial instruments
The charity has elected to appty the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other FinancÉal Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the thaws balan￿ sheet when the charty becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounts pre¥ented in the financbal statement8. when
there is a legally enforceable right to set off the recognised amounts and there is an intention to setue on a nel
basis or to ￿alIse the asset and settle the liability simuRaneousty.
Basic financial assets
Basic financial assets, which indude debtors and ￿sh and bank balan￿s, are initially measured at
transaction pri￿ induding transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transadion, where the transaction is
measured at the present value of the future r￿IptS discounted at a market rate of interest. Finanaal assets
dassified as receÈvable within one year are not amortised.
10-

GATE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles
(Continued
Derecognition of financlal assets
Financial assets are derecognised only when the rnntraclual rights to the cash flows from the asset expire or
are settled. or when the charity transfers the finanaal asset and substantially all the risks and rewards of
ownership to another entity. or if some sjgnificant risks and rewards of ovmership are relained but conlrol of
the asset has transferred to another paty that is able to sell the asset in its entirety to an unrelated third party.
Basic financial liabilities
Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction. where the debt instrument is measured al the present
value of the futLJre payments discounted at a market rate of interest. Financral liabilities classified as payable
within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are cfasstfied as ￿rrent liabililies if payment is due within one
year or less. If not. they are presented as non-Cu￿nt liabilities. Trade credrtors are recognised initially at
transaction Pri￿ and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Finanoal liabilities are derecognised vthen the chartvs contractual obligations expire or are discharged or
cancelled.
1.9 Employee benefits
The costs of short-term employee beneffts are recognised as a liabilty and an expense, unless those costs
are required to be recognised as part of the c£)st of Sto￿ or fixed assets.
The cost of any unused holiday entidement is recognised in the period in which ts employee's seNices are
received.
Terminab'on benefits are recognised immediatety as an expense when the tharity is demonstrably committed
to teminate the employment of an employee or to provide termination benefrts.
1.10 Retirement benefits
Payments to defined contribution retirement benefit schemes are tharged as an expense as they fall due.
1.11 Lease8
Rental charges are charged on a straigm line basis ovei the term of the lease.
1.12 Taxation
As a registered chartty, Gate Trust Limited is entitted lo the exemption from taxalion in respect of income and
capital gains re￿iVed with sections 47&489 of the Corporalion Tax Act 2010 and s￿tIOn 256 of the Taxation
of Chargeable Gains Act 1992 to the extent that these are ap￿led to its charitable objects purposes only.
Critical accounting estimatss and judgements
In the application of the charity's accounting policies. the trustees are required to make judgements, estimates
and assumptions about the carying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experien￿ and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimales and underlying assumptions are revievied on an on90ing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects C￿lY that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
11

GATE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Donatlon8 and logaclos
Total Unrostrlctod
fund•
2024
2023
Donations and gifts
Charltable actlvlties
2024
2023
Rooms and faalities hire
Events, dasses and presentations
45,886
3,119
49.005
Inv•stm•nt•
Unrestrlcted Unrestrfcted
funds
fund•
2024
2023
Income from unlisted investments
Interest recwvable
24.839
4.653
8.280
5,744
29.492
14.024
Other Incom•
Unrnstrl¢t•d Unrn$tricted
fund•
fund•
2024
2023
Nel gain on disposal of tangible fixed assets
Other income
279,532
4,380
4.380
279,532
The other income £4,380 relates to VAT redaims in relation to 2021 and 2022.
12-

GATE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
7 Charitable actlvitias
2024
2023
Staff costs
Depreciation and impaimient
Catering
Repairs, renewals and equlpment hire
Mafketing
Subscriptions
Training, sundry and travel expenses
4,998
12
10,302
122
138
386
41,964
Grant funding of activrties {see r￿le 8)
10.IXIO
Share of support costs (see note 9)
Share of govemanrA costs (see note 9)
2.368
35,243
2,310
24,768
89,517
Grants payabl•
2024
2023
Grants to institutions:
The Salt Trust
Glenwood Church
10.000
20,000
20,CK)O
10,000
13-

GATE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs
Support Governance
costs
2024
2023 Basis of
allocation
Staff costs
Bank tharges and loan interest
Cleaning
Repairs, renewals and equipment hire
Light, heat and insuran
Legal and professional fees
Telephone
Printing, postage and stationery
Rent and rates
1,084 Direct
440 Dired
1,446 Direct
2,794 Direct
17,912 Direct
9.371 Direct
422 Direct
64 Direct
1,710 Direct
149
2.219
149
2.219
Independent examination fees
2.4LY)
2.310 Govemance
4,768
37,553
Analysed between
Charitable activities
4,768
37,553
Governan￿ costs includes payments to the indeFendent examiners of £2.400 (2023 - £2.310)
for independent examination fees.
10 Trustees
None of the trustees (or any persons ¢onnecled with them) received any remuneration or benefits from the
tharty during the year.
No trustees were reimbursed for expenses during the ￿rrent or prior year.
In the prior year. a trustee provided the charity With an interest free loan of £20,000. The loan was repaid by
the charty to the trustee before the year end leaving no amounts outstanding as at 31st March 2023. No
transactions with trustees occured in the current year.
14-

GATE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11 Employe
Number of employe•8
The average fflonthly number of ernployees during the year was..
2024
Number
2023
Numb•r
Total staff
Employment costs
2024
2023
Wages and salaries
Other pension costs
27,090
K•y management personnel
The key management personnel of the charity are as detailed in the trustees report. The total employee
beneffts (induding gross salary, employers national insurance and employers pension contributions) of the
key management personnel of the tharity was £nil {2023.' £r)il).
There were no employees whose annual rernuneration was £60.C¥XI or more.
12 Net gaIn￿{lo$s•S) on Investments
Unrnstrlctsd Unrestrlct•d
fund•
funds
2024
2023
Gainlooss) on sale of investments
11,4n
{939)
15-

GATE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Fix•d a$$•t inve•tments
Llsted
Unli8ted
Invostsnents Investments
Total
Co8t or valuation
At 1 April 2023
Valuation changes
Accrued interest eaml
1(K1.L￿l
11.474
235.280
335,341
11,474
4,900
4,￿0
At 31 March 2024
111,535
240,180
351,715
Carrylng amount
At 31 March 2024
111.535
240,180
351,715
At 31 March 2023
100,061
235,280
335,341
14 Dobtorn
2024
2023
Amounts falllng duo wlthln one year:
Other debtors
14,286
14,286
2024
2023
Amounts falllng duo ahr more than on• year:
Other debtors
66.397
78,571
Total d¢btorn
80.683
92,857
Upon the Sale of the property during the year the charity issued a loan of £100.000 to Cardiff Vineyard. The
loan is for a period of 6 years with interest charged at 3.700/f*. Repayments are made quarterty by Ca￿lff
Vineyard.
15 Cr￿ltOrS. •mounts falllng due wlthln one year
2024
2023
Other creditors
Accruals and deferred income
82
246
2,310
2,482
2,556
16-

GATE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Analy818 of net asset• lkn•n fund8
Unr•$trlcted Unrestricted
Fund
Fund
2024
2023
Fund balances at 31 Marth 2024 a￿ represented by:
Investments
Current assetsl(liabiliti8s)
351,715
468,629
335.341
484.427
820.344
799.768
17 Related party transactions
Golng Publlc Tru8t
G¢ing Pubtic Trust has oynmon trustees. During the year Going Pubh'c Tft￿t donated £nil to th8 charity (2023..
£24).
The Salt Trust
The Salt Trust has common trustees. During the year the charity awarded a grant to The Salt Trust of £nil
12023.. £10,000). There were no amounts outsanding at the year end (2023.. £nil).
Glenwood Church
Glenwood Church has common trustees. During year the charty awarded grants to Glenwood Church
totalling £20.000 (2023: £nil). There were amounts ouisanding at the year end (2023.. £nil).
17-