ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
GATE TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
REGISTERED CHARITY No. 1090915
REGISTERED COMPANY No: 04118613
Casue View A￿UntIng Ltd
Ground Flth)r Offices
53 High Street
Arundel
West Sussex
BN18 9AJ

GATE TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page 3
Legal and Admini5tratwe Informati¢
Page4to6
RepcKi of the Directors.
Page 7
Statement of Financial Actwibes
Page 8
Balance Sheet
Pages9to15
Notes to the Finanaal Statements
Page 16
Independent Examinerfs Report

GATE TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
WORKING NAMES
The Gate
The Gate Arts and Community Centre
CHARITY NUMBER
1090915
COMPANY REGISTRATION NUMBER
04118613
DATE OF INCORPORATION
1st December 2000
START OF FINANCIAL YEAR
1st April 2024
END OF FINANCIAL YEAR
31st March 2025
DIRECTORS AT 31ST MARCH 2025
Norman Adams
Peter Brooks
Paul Fra￿lS
Rob Parsons
Robin Vincent
John Gallacher
GOVERNING DOCUMENT
Memorandum and ArtiC￿S of Association Incorporated 1st December 20¢X) as Amended by Special Resolution Dated
13th December 2002 and As Amended by Special Resolution Dated 131h December 2004.
OBJECTS
il The provision of. or assistance in the provision of facilities in the interests of social welfare for recreation or other leisure
time occupation, either for the benefit of the general public or for the benefit of those who by reason of their youth, age,
infirmtty or disablement, elhnictty, poverty or so¢ial and economic circumstances, have a need of such facilities. ill The
advancement of education of the public and the promotion of the arts. in particular, bLrt not exclusively, by the training of
performers and the giving ol public perfornia[￿. iiil The prvservation. protection and improvement for the public benefit
of any building or buildings of National. Historic, Archrtectural or Artistic or Scientrfic interest and importance. including
any ancillary buildings, as shall or may at any time be vested in the Company or in respect of which the Company shall
have any interest and the presetvation. protection and improvement for the public IEnefit of any amenity or other land as
shall or may at any time be vested in the Company or in respect or which the Company shall have any interest and which
is associated with any such building or buildings where such land is of Scientific. Agiicultural, Horticuhural or SI￿1¢Uhural
irrteresl.
CORRESPONDENT ADDRESS
Glenwo(xJ Centre
Circle Way West
Cardrft
CF23 6UW
PRIMARY BANKERS
The C¢)-operative Bank
PO Box 250
Skelmersdale
WN88
INDEPENDENT EXAMINERS
Castle View Accounting Ltd
Ground Floor Offi
53 High Stwt
Arundel
West Sussex
BN18 9AJ

GATE TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE DIRECTORS.
FOR THE YEAR ENDED 31ST MARCH 2025
The Trustees present their annual reFx)rt and financial ststements for Ihe year ended 31 March 2025.
The financial statements have been prepared under the historical cost convention with items recognised at cost or
transaction value unless Othe￿ISe stated in the relevant noles to the accounts. The financial statements have been
prepared in accordance with the Ststement of Recommended Practice: Accounting and Resx)rting by Charities ISORP
20151 (Second Edition, effective 1st January 20191. the Financial Rep￿tIng Stsndard applicable in the UK and Republic of
Ireland {FRS1021, the Chartties Act 2011 and the Companies Act 2006.
Objectlves and Actlvitles
The objects of the Charity, as set Otrt in Ihe Memorandum and kn¢les of Associalion, are..
The provision of, or aSSistsn￿ in the provision of facilrties in the interests of social welfare for recreation or other
leisure lime occupation. erther for the benefrt of the general public or for the benefft of those who by reason of their youth,
age, infirmity or disablement. ethnicity, poverty or social and economic circumstances. have a need of such facilities.
The advancement of education of the and the promotion of the arts, in particular. but not exclusively, by the
training of performers and the giving of puL4ic pErformances.
Ensuring Our Work Delivers Gate Trust's Aims. For the Publi¢ Benefrt
The Trustees are aware of their dlty to run the charty for the public benefit and are aware of Charity Commission's
guidance on public benefrt.
As a Charity, we regularly review our aims. objectives. and activities. In the review process. we look at what we have
achieved in the last pericKI. the success of each proje¢L and the ￿nefIts that they have brought to the groups of people
they were set up to help. The review also helps to ensure our aims. objectives and fvture projects ¢onlinue to be in line
with our staled purposes of existence, and cOgn￿ant of the guidance contained in the Charity Commission's general
guidance on public benefrt.
Achievements and Perfornian¢e
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 charitable objects of the Trust During the pericrtl. grants totalling £55.000 have been given, £35,000 to Glenwood
Church and £20.(K)O to Going Public.
Financial Review
The Chartty generated an unrestricted defictt (excluding gain5 and losses on investments) during the year of -£27,947
12023124= £9.1041.
Finances
The overall financial picture has improved.
Rg$grvos Pollcy
The directors have established a FK)licy whereby the unrestricted fvThl& not committed or invested in tangible fixed assets
Ithe Yree reserves") held by the charity, will be invested in appropriate external fvnds.
Unrestricted fund balances carried forward at the year-end were £795.98712023124.. £820.3441. Restricted fund balances
carried forward at the year-end were £nil {2023124'. £Nill.
Free reserves totslled £795,98712023124- £820,344).
Investment Pollcy
The Directors have considered that cash funds should be derM)Sfted in Iow-risk high inlerest eaming deposits or medium
risk mixed purwse investments deposits which fu￿11 our Charitable Objec
Principal Risks and Uncertainties
The principal risks are those of investment

GATE TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE DIRECTORS. {Continued)
FOR THE YEAR ENDED 31ST MARCH 2025
Plans for Futura Periods
Trust has invested the funds from the sale of the Centre into secure high interest earning accounts to keep up with
inflation. while further carefully considering future strategy that would fulfil the Charitable Objects of the Gate Trust over
the Coming years.
The Trustees have agreed to give a grant of £50,000 to the Speakeasy Advice Centre (South Wales Law cent￿ Ltd)
during the next financial year and have agreed in principle lo support the work of the TAVS Centre in Roath, Cardtff (run
by Hope Trust, registered charity 1161235) to engage, support and emwwer people in Cardtff addressing issues arising
from homelessness, addiction, mental health. and isolation.
The Trustees are carefully considering Ihe ongoing strategic goals of the Trust to fijlfil the Charitable Objects.
Structure, Governance and Management
Governing Document
The Charity is a charrtab￿ Company Limited by Guarantee, IncorpMJrated on 1st December 2000 and registered as a
Charity on 4th March 2002. The Charity is governed by rts Memorandum arHJ Articles of Association.
Tradlng Names
The tnjsl has operated under a number of trading names including. Yhe G*e' and The Gate Arts and Communty
Centre" Gale Trust Limited is based al the Glenw(MJd Church Centre in the Llanedeym ward of Cardiff, Wale5. frorn 1st
Auqusl 2022.
Board of Trusteas
The Directors of the Charilable Company fThe Charilf} are rts Trustees for the purposes of Charity Law. and throughout
this reFx)rt are collectively referred to as the Tnjstees. The Trustees meet at least once a year as a fLJII group. Trustees
have been chosen based on their professional expertise and commitment to the Trust's vision and its Charitsble Objects,
continuallv clarthnq the slrateqv and direction of The Gate Trust to fu￿1 its Charitsble Obiects.
Decision Making
The Trustees have made the decisions about strategy and direction.
Remuneration
There are no paid members of staff.
Trustee Induction
New Trustees undergo appropriate induction to brief them on their legal obligations under Charity Law, the content of the
Trust Deed and the commrttee and decision-making process. Trustees are encouraged to attend external training events.
where these will be of benefit to their role.
Related Parties
Gate Trust has worked closely with Glenwo(xJ Church {registered charty 1125128) and with Going Public Trust Ltd
{regislered chartty 10197891. There a￿ some Gats TnJslee5 who also a￿ Trustees on these two Charities.
Gate Trust shares some office facilities of Glenwcthl Church (phot¢)¢opier etc). Al transactions btheen the organisations
are dealt with properly, with appropriate invoicing taking place them.

GATE TRUST LIMITED
IA COMPANY LIMITED BY GUARANfEE)
REI>ORT OF THE DIRECTORS. {Continued
FOR THE YEAR ENDED 31ST MARCH 2025
ststement ot Dire¢tor¥' Respor￿￿bIlIt1es.
The Charitses Act and the Companies Act rawirè thè ofTrustees to finarrial #atr￿nts for each finar¢k81
yèar bthieh giva a trt￿ 4rKI f8ir view of the slate of affairs ol the thrity as at the eThJ of the fina￿saI year of the
surplus ￿ deficit ofthe charity. In pr8paring trKM fina￿14 stalemerts Board is rg4uir&Y to:.
Se￿1 SUita￿e ￿￿(XInti[￿J 8rKI apFty t￿rn ¢￿61st￿ty.
bl
Praparè thè fina￿￿94 state￿Ents ￿ the gory ccrwn bags unless it is 1naFv￿ate to ￿￿eS(￿ne that the
charty wil contirrt* in
dl
Statè whetsr applrAlJe a¢￿￿n￿￿j *ThYards and statements of recommeTrle(t wactice have boen
folh)wed gjbiect to any material departures discks6d owained in thè ffinartial ststemen
The Directors are alxs f(Y maintain￿￿ kn]uate rec￿dS which dith ¥￿th reasonable accuracy
at any time the firwncial 01 the charity aryj are sufficwt to SIM￿ aKI exWain the ch8ritYs tranwtions 8
enable them to ensu￿ that thè fin￿￿tal slat8rne￿ compty with ts Companies Act 2006 and ccmply wilh regulatH)ns
made under the charit￿ Act. They are aL80 resp)m"blè kn safeguardirwj the a%sèts of the charity 8ThJ I￿rKe for tr￿[￿j
reasonable sieps the prgvorttKffi and det￿￿ of fraud and other irrewlantie&
Th& Directors 8re 81to re3[￿lb1e for ts C(￿terts of DireLtors' reF(rt aThJ th& resw1si￿Ity of the i¥MlwNJènt
examiner in relation to the D￿r￿tOrS, reFX)rt is limrted to &x￿nIn7￿j ts retKxI arKI erwrir¥J that (m the fa￿ of the reporL
companK?s regime.
l approve ￿ attac￿ stat8Thnt of fin8rMi81 arKI sheetfcff 31st March 2025 and confirm
Ihat I have made ava¢Jable all informth necassary for rts ￿eparat￿)n.
(b
Signed on their behalfby D1￿c￿ .... ...

GATE TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH 2025
(Incorporating Incorne & Expenditure Account)
Unrestricted Restricted
Funds
Funds
TOTAL
2024125
TOTAL
2023124
Notes
INCOMING RESOURCES
Income Resources from Generated Funds
Donations & Legacies
86
Investment Income
3b
29.668
29.668
29.492
Other Incoming Resources
3¢
212
212
4,380
TOTAL INCOMING RESOURCES
29,966
29.966
33.872
RESOURCES EXPENDED
Cost of Generating Funds
Cost of Charitable Activities
55,233
55,233
20,149
Governance Costs
4b
2,680
4,619
TOTAL RESOURCES USED
57.913
57.913
24.768
NET INCOMINGI{OUTGOINGI RESOURCES
127.9471
{27.9471
9.104
Balance Brought Forward
820.344
799,767
Unrealised GainsllLosses} on Investments
3,590
3,590
11,473
TOTAL FUNDS CARRIED FORWARD
795,987
795,987
820,344
Movements on all reserves and all re¢(*Jnised gains and losses are shown atx)ve. All of the charity's operations are
classed as continuing.
The notes on pages 9 to 15 form part of these financial statements.

GATE TRUST UMITED
IA COMPANY UMITED BY GuARA1￿EEl
BALANCE SHEEr
AS AT 31ST MARCH 2025
Unrestricted Rèstrted TOTAL
TOTAL
Furwjs
FUTr
31-IAar-25 31-Mar-24
Fixed A88•ts
Tangibb Assets
Investments
2￿.762
250.762
351.715
Current Assats
Debtors & PreFoyrnents
Cash at Bank and in HaTh
Total Current Assets
67.377
479,746
547.123
67.37T
479.746
547,123
390,428
471.111
cr￿ltOrS.. arrk)unts falliNJ due %wthin ore year
10
1.898
2.482
NET CURRENT ASSErs
545225
545,225
468.629
TOTAL ASSETS current liatwlth$
54S.225
545.225 468,629
Credltors: amounts fallro due in tFwi one year
11
NET ASSETS
795.987
795.987
820,344
Funds otth• Charrty
Ggneral Funds
Restrictsd FUNJS
795.987
795,987
820.344
Totsl Funds
795,987
795,987
820,344
Dlroetors, Responsibilltl8s:
Thè Directors are satisfth that ft)r tt* year ended on 31st Mwch 2025 the ctrAntaNe crynpany was to exeM￿￿On
fr(xn the requirement to obtain ￿ ajdit urKler 477 of the C(xn￿9n￿s Act 20C6 aThJ that rK) member or memters
havè rèquir*1 the company to Obta￿ an a￿￿rt of its acc(MJfrts ts the year in qLESb.¢￿ in ￿ar￿e wrth sectK)n 476 of
tt* ACL However, in accuda￿e with SeCtic￿ 145 of Ihe char￿eS Act 2011. the accounts have oxamined by an
IndeFendent Examiner vh)se reKXXt 8prears on [￿ge 16.
The Ljrectors ack￿th￿lge their reSp(￿SIll"￿ vrith fv 1p(wirer￿ of the CcThpanigs Act 2006 with
The accounts have beèn wepared in ￿rdan￿ the in Part 15 of the C(￿panIeS Ad 20L% aFw1ca￿e lo
compan￿5 subpct to the SAnall ComW￿e$ re9￿ WKI in ￿Lf￿nce wTrlti fir￿￿r￿la1 RepJttwJ StsrKl8rd in
the UK and ReWbI￿ of IrelaTrY IFRS1021.
with secth)n 386 of the Act for fina￿la ￿t8￿bts wh￿h give a true and fair view of stat8 of
affairs ol the ccfflpany 8s at e￿j of thè year a￿1 of ts proft and kss for ffinancpl year in ￿)rdance with
requirements of seckn 394 395 arn1 which comply reqUireM￿S oftl* Companies Act 2006
relatiro to acccwnts. so far as 4wlc8￿e to ts conwany.
ApkYov&J bythe DIrect￿￿￿the....... ..... . ....
sI￿￿j on theirtehawby Dirth..... .
Prnted N&M:
PA VL FLfyMccs

GATE TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
Bas1$ of Pre
ration & Assessment of Goin
Concern
Basis of Preparation
The financial stslements have been p￿pared under the historical cost conventi￿ wtth ttems recognised at cost or
transaction value unless otherwise ststed in the relevant notes to the accounts. The financial statements have been
prepared in accordance with the Statement of RecommerKled Practice: Accounting and Rep)rting by Charities ISORP
20151 (Second Edition. effective 1st January 20191. Ihe Financial Reporting Standard applicable in the UK and Republic of
Ireland {FRS1021, the Charities Act 2011 and the Companies Act 2006.
The Charity meets the definrtion of a public benefft entty under FRS102. Assets and liabiltties are initially recognised at
historical cost unless otherwise stated in the relevant accounting Oicy notes.
Assessment of Going Concarn
Preparation of the accounts is on a going concem basis. The trustees consider that there are no material ￿n￿rtaInlieS
about the Charity's ability to Continue as a going ￿ncern.
Incomin
Resources
Recognition of Incorning Resources
These are Included in the Statement of Financial Actwities (SOFA) when=
. the charty becomes errtided to the resources:
the trustees are virtually certain they will receive the resources- and
. the monetary value can be measured with sufficient reliabilty
Incomlng Resources wlth Related Expendlture
Where incoming resources have related expendrture (as with fundraising or contract incomel the incoming resource and
related expendf(ure are reported gross in the SOF
Grants andDonations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the reg)ur¢es.
Tax Re¢lalms on Donatlons and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual Income and Perforniance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts
in kind for salè or distribution are included in the accounts as gtfts only whèn sold or distributed by the charity. Gifts in
kind for use by the charity are included in the SOFA as incoming resources when receivable.
Donatedserwices andFaGilitses
These are only included in incoming resources lth an equivalent amount in resources expended) where the benefit to
the charity is reasonably quantifiable. measurable and material. The value placed on these resources is the estimated
value to the charity of the Servi￿ or facility received.
Volunteor Halp
The value of any voluntary help received is not included in the accwnts but is described in the twstees, annual report.
Investment Income
This is included in the account5 when recewaile.
Investment Gains and Losses
This included any gain or loss on the sale of investmerrts and any gain or loss resulting from revaluing investments to
mart(et value at the end of the year.

GATE TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31ST MARCH 2025
1. ACCOUNTING POLICIES (Continued)
enditure and Liabilitie5
Liability Recognition
Liabilities are re¢ognised as soon as the￿ is a legal or constructive Obligati￿ committing the charity to pay out resour￿$.
Govgrnancg Costs
Include costs of the preparats.on and examination of ￿atutOry accounts. the costs of the trustees. meets.ngs and cost of any
legal advice to trustees on governance or constttutional matters.
Grant5 Wlth Perforniance Conditions
Where the charity gives a grant with condriions for its payment being a Sp￿lfi¢ level of servrce or output to be provided,
such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Pgrformanca Conditions
These are only recognised in the accounts when a commitment has been made and there are no condttions to be met
relating to a grant which remain in control of the chartty.
Unrestricted Funds
These funds can be used for the general objectwes of the charity as set oul in the trustees report. The movements of the
unrestricted funds are given in the Statement of Financial Activities.
RestriTCted Funds
These funds are where the donor has specrfied a purpose for the donation made. These restrictions often arise as a result
of appeals for special offerings for specific purposes.
Designated Funds
These funds are funds set a￿de by the trustees out of unrestricted general funds ft)r particular purposes or pro1￿ts.
Taxation
The charity is exempl from tax on rts charitable actNrties.
Legal Sta￿$ of the Charity
The charity is a company limited by guarantee and has r¥) Sha￿ capttal. In the event of the charity being wound up, the
liability in respect of the guarantee is limited to £1 per member of the charity.
Fixed Tangible Assets
Tangible fixed assets for use by the charity, these a￿ capttalised if they can be used for more than one year, and cost at
least £1,500. They are valued at cost or. if gifted. at the value to the charity on receipt.
Investments
Investments quoted on a recognised str￿k exchange are valued at market value at the year end. Other investment assets
are included at trustees. best estimate of market value.
There has been no change to the accounting policies (valuation rules and methods of accounting} since last year.
Depreciation Expense
Depreciation is calculated at a rate trj write off the cost of tangible fixed assets on a reduang balance basis over their
estimated usefvl lives. The rates applied per annum are as follows:
Fixtures and Fittings
25%
2. TANGIBLE FIXED ASSETS
The Charity held no tangible fixed a55ets during this or the prewous financial year.
There are no annual Commitments under non-cancelling operating leases and no capttal commitments.12023124..Nonel
10

GATE TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31ST MARCH 2025
3. INCOMING RESOURCES
Unrestricted Restricted
Funds
Funds
TOTAL
2024125
TOTAL
2023124
Note
a) Donation5 & Legacies
Gifts & Donations
86
86
86
86
bl Investment Income
Interest
Investment Income
3.188
26.480
3,188
26,480
4,653
24,839
29.668
29,668
29.492
c) Other Incoming Re$our¢es
Sundry Income
212
212
4.380
212
212
4,380
4. RESOURCES EXPENDED
Unrestricted Restricted
Funds
Funds
TOTAL
2024125
TOTAL
2023124
a) Costs of Charitable Activitias
Grants
Insurance Costs
55.(X)O
233
55,000
233
20,000
149
55.233
55,233
20,149
b) Governan¢e Costs
Independent Examiners Fee
Legal & Professional Fees
10
1.320
1.360
1.320
1.360
2.400
2.219
2,680
2,680
4,619

GATE TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31ST MARCH 2025
5. RESTRICTED FUNDS
The Charity held no restricted funds during this or previous financial year.
6. GRANTS PAYABLE
The foll¢)wing grants were payable in furtherance of the Chartty objects".
TOTAL
2024125
TOTAL
2023124
Glenwood Church
Going Public Trust Limited
23.000
32.000
20.000
55,000
20,000
7. FIXED ASSET INVESTMENTS
Listed
Unlisted Unrestricted Restricted
Investment Investment
Fund
Fund
TOTAL
TOTAL
31-Mar-25 31-Mar-24
Market Value
01-Apr-24
111.535
240.180
351.715
351,715
335,341
Additions
Disposals
108,897
108,897
108,897
Investment Income
4,354
4,900
Unrealised GainsllLosses} on Investments
3.590
3.590
11.474
Matket Value
31-Mar-25
115,125
135.637
250.762
250,762
351,715
pworth UK Equity Fund
The Chartty holds listed investments wrth Epworth UK Equtty Furvj and the market value of the investment stood at
£54.140.27 as at 1st April 2024. The investment was provided as an unreslricted endowment and total return investment.
The capital and the income and realised gains derived from the endowment can be used by the Charity for general
purposes. The market value of the investment fund hekl storxl at £58.145.11 as at 31st March 2025.
Epworth Global Equity Fund
The Charity holds listed investments wrth Epworth Global Fund and the market value of the investment stcx)d at
£57.394.36 as at 1st April 2024. The investment was provided as an unrestricted endowment and total return investment.
The capital and the income and realised gains derived from the endowment can be used by the Charrty for general
pur￿￿$. The market value of the investment fund hekl stcKKI at £56,979.67 as al 31st March 2025.
Green Pastures (CBS) Lld
The Charity holds unlisted investments with Green Pastures ICBS} Ltd and the market value of the investment stood at
£240.180.35 as at 1st April 2024. The investment wa5 provided a5 an unrestricted endowrnent and lolal return investment.
The capital and the income and realised gains derived from the endowment can be used by the Charrty for general
purFX)ses. The market value of the inve5tmenl fvnd hekl sto(xl at £135.637.35 as at 31st March 2025.
12

GATE TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31ST MARCH 2025
8. DEBTORS AND PREPAYMENTS
Unrestricted Restricted
Funds
Funds
TOTAL
TOTAL
31-Mar-25 31-Mar-24
Sundry Debtors
67,377
67,377
80,683
67,377
67,377
80,683
9. CASH AT BANK AND IN HAND
Unrestricted Restricted
Funds
Funds
TOTAL
TOTAL
31-Mar-25 31-Mar-24
Cash at Bank and in Hand
479,746
479,746
390,428
479,746
479,746
390,428
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Unrestricted Restricted
Funds
Funds
TOTAL
TOTAL
31-Mar-25 31-Mar-24
Independent Examiners Fee
Sundry C￿d[torS
1,320
578
1,320
578
2,400
82
1.898
1,898
2.482
11. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The Charity held no long term liabilities during this or the previous financial year.
12. NET ASSETS BETWEEN FUNDS
Unrestricted Restricted TOTAL
TOTAL
Funds
Funds
31-Mar-25 31-Mar-24
Fixed Asset Investments
Net Current Assets
Long Term Liabilities
250.762
545.225
250,762
545,225
351.715
468,629
795.987
795.987
820,344
13

GATE TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31ST MARCH 2025
13. RECONCILIATION OF MOVEMENT ON CAPITAL AND RESERVES
The Company is Limited by Guarantee and is a Charity registered with the Charity Commission number 1090915 and is
not, therefore, subject to Corporation Tax and does not have a Share capital.
TOTAL
2024125
TOTAL
2023124
Profit i Defi¢rt for the financial year
Other Recconised Gains
127,9471
9,104
{27.9471
9.104
Balances Brought Forward
820.344
799,767
Unrealised GainsllLosses} on Investments
3.5
11,473
Closing Funds at 31st March 2025
795,987
820,344
14. STAFF COSTS AND NUMBERS
The Charty held no restricted funds during this or previous financial year.
15. PAYMENTS TO DIRECTORS AND RELATED PARTIES
During the financial year the Charty made grants of £23.000 {2023r24: £20.(M)01 to GlenwocNJ Church IRegistered Charity
Number 11252181 in fvrtherance of the Charity's Objec￿ Trustees Mr Paul Francis. Mr Rob Parsons and Mr Norman
Adams are also Trustees of Glenwood Church (Registered Charity Number 11252181 and all conflicts of interest have
been identified, documented and managed in a￿ordance with the Charity's Goveming Documenl.
During the financial year the Charity made grants of £32.IX)0 12023124= £Nill to Going Public Trust Limited IRegistered
Charity Number 1019789 and Registered Company Number 02802394} in furtherance of the Charity's objects. Trustees
Mr Paul Francis, Mr Norman Adams (Resigned June 20241 and Mr Peler Brooks a￿ also Directors of Going Public Trust
Limited (Registered Charity Number 1019789 and Registered Company NuM￿r 02802394) and all ¢onfiicts of interest
have been identified, d￿umented ar￿ managed in accordance wtth the Chariws Governing DocumenL
No other payments were made to directors or any persons connected with them during this financial period. No other
material transaction took place between the chartty and a diwtor or any person connected with them.
16. RISK ASSESSMENT
The Directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the
free reserves stated Combined with the annual review of the controls over key financial systems Carried out on an annual
basis wll provide sU￿1clent resources in the event of adverse conditions. The Directors have 3150 examined other
operatlOn81 and business risks which they fa￿ and confirm that they have estatAished Systems to mitigate the 5ignrficant
risks.
14

GATE TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31ST MARCH 2025
17. RESERVES POLICY
The Directors have considered the level of reserves they wish to retain. appropriate to the charl￿S needs. This is based
on the charity's size and the level of financial commitments held. The Directors aim to ensure the charity will be able to
continue to fulfil its Charitsble objectives even rf there is a temporary shortfall in income or unexpected exsxnditure. The
directors will endeavour not to set aside funds unne¢essarity.
18. PUBLIC BENEFIT
The Charity acknowledges its requirement to demonstrate clearfy Ihat il must have charitable purposes or 'aims' that are
for the public benefiL Details of how Ihe charity has achieved this are provided in the Trustees report. The Trustees
confirm that they have paid due regard to the Charty Commission guidan￿ on public benefrt before deciding what
activities the charity should undertake.
15

INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
Report to the trusteesl members of Gate Trust Limited on the accounts for the year ended 31st March 2025 set out on
pages 7 to 15.
Rospective r8sponsibiliti8s of trustees and examiner
The Charity's trustees Iwho are also the directors of the company for the purposes of company lawl are responsible for
the preparation of the financial statements. The trustees are satisfied that the audit requirement of Section 144111 of the
Chartties Act 2011 {the Acll does not appty. and that there is no requirement in the goveming dLKument or constitution of
the Charity for the conducting of an audtL As a consequence. the trustees have elected that the financial statements be
subject to independent examination.
Having satisfied myseff that the chartty is not subject to and is eligible for independent examination. it is my
responsibility to=_
al examine the accounts under section 145 of the Act..
bl to follow the procedures laid down in the General DirectK)ns given by the Chartty Commission under section 14515llbl
of the Act., and-
cl lo state whether particular matters have come to my attention.
Basls of Independent examlner's ststement
I conducted my examination in accordance wtth the General DirectK)ns given by the Charity Commi55ioners for England &
Wales in relation to the conducting of an independent exaMIr￿10n. referred to above. An independent examination
includes a review of the accounting records kept by the Chartty and of the accounting systems employed by the Charity
and a comparison of the financial statements presented with those records. It also includes consideration of any unusual
items or disclosures in the financial statements . and seeking eX[￿anatIonS from you as trustees concerning such matters.
The purpose of the examination is lo èstablish as far as wssible that there have been no breaches of the Charities
legislation and that the financial statements comply with the SORP, on a test basis. of evidence relevant lo the amounts
and disclosures in the financial statemen
The procedures undertaken do not provide all the evidence that would be required in an audit . and information supplied
by the trustees in the course of the examination is not subjected to audit tests or enquiries, and Consequently I do not
express an audit opinion on the view given by the financial statements, and in particular, l express no opinion as to
whether the financial stslements give a true and fair view of the affairs of Ihe charrty, and my report is limited to the
matters set out in the statement below.
I planned and performed my examinalion so as to satisfy myself that the objectives of the independent examination are
achieved and before finalising the report l obtain written assurances from the trustees of all material matters.
Independent examinevs statemerrt
In the Course of my examination, no matter has come to my attention:
which gives me reasonable cause to believe that in, any material respect, the trustees requirements..
. to keep accountiro records in accordance with section 386 of the Companies Act 2006; and
. to prepare accounts which accord with the accounting records, comply wrth the accounting requirements of section 396
of the Companies Act 2006 and with the meth¢xls and principles of the Statement of recornmended Practice.. Accounting
and Reporting by Chanties.
have not been met,. or
to which, in my opinion. attention should be drawn in order to enable a prO￿r understsnding of the accounts to be
reached.
K. Collaku MAAT
Castle View Accounting Ltd
Ground Floor Offices
53 High Street
Arundel
West Sussex
BN189AJ
Dale= 18th December 2025
16