REGISTEREDCOMPANY NUMBER: 04859696{Engiand andWaie$l REGISTERED CHARITY NUMBER: 1099828 REPORTOF THE TRUSTEESAND UNAUDITED FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR GATEWAY FREEDOM CHURCH. HARLOW *AOIXLYV9' 28112r2024 CCWPAMES HOUSE A13 #119 GATEWAY FREEDOM CHURCH. HARLOW CONTENTS OFTHE FINANCIAL STATEMENTS for the Year Ended 31 March 2024 Page Pastors, Report 2to6 Report ofthe Trustees 7t011 Independent Examiner's Report 12 Statement of Finan¢ial Activities 13 Balance Sh¢¢t 14 Notes tothe Financial Statements 15to22 Page 1 GATEWAY FREEDOM CHURCH. HARLOW PASTORS, REPORT fortheyear Endèd 31 ma￿h2o24 GOOD NEWS IS COMING Throughout the years following Ihe pandemic we moved from one temporary meeiing place to another seeking to be salt and light in the various locations God so kindly provided 10 us Last years report described what that journey was like and also how joyful we were when our offer to purchase the fonner URC David LNingstone propeny was accepted. The report ended on a very hopeful note as we expected to soon finalise the purchase of whai is now the Gaieway Hub. In rhe weeks prior 10 moving into our new home. we mer ai Kings Church in Katherines in January and February 2024. During that time, we organised a few working parties in order to ger the main hall of our new building ready in the hopes to scari meeting in Ihere sometime in MarchlApril. WORKING PARTY sroi¢ STUFF I* fvtÉ• PEOP&£ U7 AAS rn 7AAAtspoAr STVFF FAOn TW£ 6•AA6È TO TIIE IIV• 16TH AND 17TH MARCH TMArtK YOV! Page 2 GATEWAY FREEDOM CHURCH, HARLOW PASTORS, REPOAT fortheyeaf Ended 31 March2024 During thar time, we also began working in the office and rental flat upstsirs. The office will work as 3 mulrifunctional space for small meetings. children's work on Sundays, oFfice worl efc. The flat will soon be put on the markei for renr which will generate a monrhly income for the church. ,J IF -,11 11.'Ii Page 3 GATEWAY FREEDOM CHURCH, HARLOW PASTORS. REPORT foitheyear Endod31 March 2024 Ji Our first meeting at the Gateway Hub took place on 21st April. It was a very special occasion which was celebrated wth praise and worship, refreshmenis and the presence of beloved friends and famity- Page 4 GATEWAY FREEDOM CHURCH, HARLOW PASTORS. REPORT ftsr the Year Ended 31 March 2024 A lot of work and love wer.e pur inÉo decoraiing our new home and we arÈ very proud.t.o look back at all that has beeo done and Ihe level o'f committnent of all.church members who offered. their .iime to help. with painting cleanin& clearing up, ,inaking'teas and coffees, erc. For the bigger jobs which required professional Skill and expertlse, we have been very blessed to be able to hire RaS￿YdaS Dritys- one of our members who'is a skilled b-uilder. Gateway The new building is the home for our church services but our heart for it is Ihar it will also b.e used as a hub for the cotiimunity around us.. Not long after mowng in, we have.already begun running some.activi.ties lhat are. aimed at.connectin'g wit.h the residerJt.s in th'e vicinity of the Hub. Many other plans and projÈct.s are being launched in the second half of.2024 3nd ifs been greai to see hDW the.church farryily is 'excited -about all thays been happening and will increasingly. happen in and 'ar,ound the Hub.. Page 5 GATEWAY FREEDOM CHURCH, HARLOW PASTORS. REPORT forthe Year Ended 31 March 2024 co￿1 On 18th August, we hosted an afternoon tea party for our neighbours. It was great to meet some of the people who live around the Hub. We all enjoyed a sunny afternoon of delicious refreshments and PARTY GATELYAY HUB IADDOM ￿A¢* CMW JRW SUNDAY 18 AUGUST 2.30 TO 4.30P great conversations. It is amazing to see how far we have come in such a small period of time and it has been a privilege to partner with God in the process of sharing life and hope in the community we are in. As pastors, we are truly grateful for how passionately eager our church family is to step into all that God has for us in this new season. Love & blessings, Mauricio and Sibele Colussi. Page 6 GATEWAY FREEDOM CHURCH, HARLOW REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 The trustees who are abo director¥ of the ¢h8rity for the purposes of the Companies Act 2006, present Iheii report with ihe finan¢i81 statements of the chaiity for the year ended 31 March 2024. The trustees have 8dopted the piovisions of Accounting 8nd Reportjng by Charities.. Si8ternent of Recommended Praclice appli¢able to charities preparing their 8ccounts in accordance with the Financial Reporting Standard applicable in the UK and RepubLi¢ of Ireland IFRS 1021 (effective 1 January 20191. ACHIEVEMENT AND PERFORMANCE ObleclSves and A¢tivitSes The charity's objects as defined by the Memoiandum of Association are: al To advance the Christian faith in accordance with the Siatement of Beliefs lin the Memo & Artsl in Harlow and the surrounding neighbourhood and in such other parts of the United Kingdom or the world as the Trustees may from time to lime think fit and oiher such purposes which are ex¢lusiv¢ly charitable according to the law of England and Wales and are connecied with the charitable work ol the Charity- bl To provide and maintsin facilitie5 Iwhether in a purpose-buiLt Community Centre or otherwise) forthe benefit of the community of Harlow and the surrounding neighbourhood which facilities may without limitation include the provision of child care services and meetings, lectures and classes and other forms of education. recreation and leisure-time occupation without distinction ol race, sex, political. religious orother opinion and withthe object ot improvingthe conditions of life for the said inhabilants as the Trustees may from time to time in their discretion determine. When planning ouc activities for the year and the services on offer to the local community. the Tru3tees have considered the Charity Commission's guidance on publi¢ benefit and. in particu18r, the specific gui(Sane¢ on Charities for the advancement of religion. In parti¢ular. we try to encourage ordinary people to grow in iheirfaith and Iwe il out in every area of theirlives 8$ part of the G8tewayehurch tamily. We also try to en¢our8ge people within th8 local ¢ornmunity to find faith through est8b(ishing friendships and Bttending our public meetings at the Gateway Centre and also life group8 In people's horne8. Many within our ehureh community have lound spiritual. emotional and physical healing and we are keen that others in the loeal community receive the Same benefits. Our meetings are open to the public and are publicised on ourwebsite and so¢iaL media. Harlow Church Joint Projects Members of the Gaieway family continue io work as volunteers in a number ofjoint church projects supporting different groups within the community. These inclLrde'. Hallow FoodBank & Bounty Club- collects food from the general public and catering suppliers and distributes it to people and families in crisis directly and ihrough frontline community agencies. Gr¢at Open Door- a Eroup of people drawn from local ¢hur¢h$s who seNe the schools in Harlow and the suriounding areo by pfoviding Christian a$semblies and teaching ReLi8iou$ Education. Page 7 GATEWAY FAEEDOM CHURCH, HARLOW REPORTOFTHETRUSTEES for the Year Ended 31 Mareh 2024 FINANCIAL REVIEW Flnanclal review Gaieway's income is made up primarilyfiomtLthes and offerin8sfrom church f8milies. Tithe8 and offering$ including funds reclaimed under the Gift Aid system reduced slightly thi8 year by about 1% Irom £61.525 in 2022123 down to £60.687 in 2023124 Many thanks to everyone who has given genÈrously thrtyjghoutthe ye8r 8nd to those who have organised and helped with fundraisingactivilies. The role of volunteers within the church is extremely valuable to the organisation and 13 gratefully 8¢knowledged but notfin8ncially quantified in this report. Duringthe year we have purchased a new buildin& the"Gateway Hub" at a cosi of £478.542 funded by our cash reSe￿eS. Summary Balance Sheet 2023124 2022123 Gateway Hub Cash Oiher Assets 478.542 264.124 10.987 730.758 2.481 Creditors 12,3041 11.2001 Total Funds 751.349 732.039 The overall Net Income forihe year is £19.310 INet Income £24.106 20221231 Net IncomellEypenditurel analy$¢d byActivity. 2023124 2022123 Net Ch4Jrch Income after E¥pendilure and (herhe8ds Interest Income Church Building Donations Ouireach Fund Donations Net Income I (Expenditure} 111.3791 118.0391 30.464 6.696 25 29.319 Investment policy Under the Memorandum and Articles of As30Clation the charity h8S the powerio make investments 8t Ihe discreiion ol the irustees. The current policy of the charity is to ensure trnvestments are Low iisk and funds are currently held with a number of different bank5 ensuringthat no more than £85,000 is on deposil with any single organisation. Alternative opportunities are regularly reviewed. Confilcts of Interest Policy In the Course of meetings or activities. iiustees disclose any interests in a transaction or decision where there may be a conflict between the church's best interests and the trustee's lor otherconnecied person's) best interests or a conflict between the best interests of the two organisations that the trustee is involved with. After disclosure, the trustee may be asked to leave the room dijring the discussion 8nd may not be able to take part in the decision lat the discretion of the remainingtrusteesl. Any such disclosures and the subs¢quent aciions are noted in the minutes. Page 8 GATEWAY FREEDOM CHURCH. HARLOW REPORTOFTHETRUSTEES forthe Year Ended 31 March 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document Gateway is a charitable company limited by guarantee, incorporated on 7th August 2003. The company was established under a Memorandum of Associaiion, which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10. The company and charity name was changed from G8teway Christian FelLowship. Harlow to Galeway Freedom Church, Harlow on 6th May 2010. The registered company and charity numbers remain unchanged. Recruitment #nd appointment ofTru$t¢*$ The directors of Ihe ¢ompany are also ¢h8rity trustees for the purposes of charity Law and under the company's Articles are known as members ofihe Chafity- The number oftrustees is not less than three but is noi subject to any maximum. Trustees are eligible to serve for a three-year period and may Ihen be re- elected for further three-year periods. Trustees must be at least sixteen years ol age and are required to subscribe tothe Statement of Beliefs set out in the Articles, as Gateway is a Christian congregation. In the event of particular skills being lost due to retirement or resignation, individuals are approached to offer themselves for election to the board of trustees. The chair of trustee meetings. is appointed by consensus ofthe other tTUStees. Gateway has five trustees as at 31st March 2024 who are re$ponsibLe for the management and admini$tr8tion of the charity. The i)oard meets at Least six times a year and at least one of the Pastor$ also attend. Day-to-day responsibility for the provision of serwces is delegated to the Senior Pastors and Leadership Team. Health and Safety. Safeguarding and Finance issues are reported on and considered by the trustees on a regular basis. Minutes of trustee meetings are circuLated to the church's leadership learn and advisory board. The mknutes ofthe teadership team meetings are also ¢ir¢uLated in a similar way. Trustee Induction and Training Newtrustees are given an orieniation pack. which briefsthem on atrustee's legal obligations under charity ond company law, the content ol the Memorandum and Anicles of Association. the committee and decision making process, and the most recent audited accounts and Annual Report. Rolai•d partles Gateway links nationally and internationally with Harvest Alliance, a family nehvork of .churches and ministries in pursuit of sustained rewval in the church and the outpouring Kingdom of transformation in the nations. More locally, Gateway isalso partofHeart 4Harlow, aeroup ofevangelicalchurch congregations in Harlow who are seeking to work togeiher in local mrssion. Gateway is also a member ofthe Evangelical Alliance. Ri5km•na¥ement We have eniered into an agreement with Trust Advice to prowde advice on these matters on a call off basi$ as and when required. Page 9 GATEWAY FREEDOM CHURCH. HARLOW REPORTOFTHETRUSTEES fortheY¢ar Ended31 March 2024 REFERENCEANDADMINISTRATIVE DETAILS Registered Company number 04859696 IEnOand and Wales) Registered Charity number 1099828 Registered office Gateway Hub Maddox Road Harlow Essex CM20 3RW Trustees Mrs H East Mr J East Mrs B Fraser Mrs A.J J George (appointed 3.12.231 Mr C D De Silv8 Iresigned 24.9.231 Mr T St8nesby Mr A P Walker (resigned 3.12.231 Company Secretary Mr A P Walker (resigned 16.1.241 Mrs A-J J George (appointed 16.1.241 Page 10 GATEWAY FREEDOM CHURCH. HARLOW REPORT OFTHE TRUSTEES forthe Year Ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS Indep•ndent Examlner Gloria Wailer Msc Charity Accounting& Finance Management AAT. CIM IPQI 15 Norfolk Pla¢e Chafford Hundre¢J Essex" RM166DE Bankers 88rcl8ys Bank pl¢ PO Box 12 Harlow Essex CM187NR Investment Managers Flagstone Investment M¥nager8 Clareville House 26-27 Oxendon St London SW1Y4EL Employm¢nt Law. HR Support & Health & SafetyAdvle• Trust Adviee Iformerty AFVSI Unit 2 The Bro8dbridge Busin•s$ Centre Delling Lane Bosham P018 8NF Senlor Pastors Mr Mauricio Colu$$i Mr$ Sibele CoLus$¥ Approved by order of the board of irustees on .-..13 ..a£)atk and signed on its behall ty. J East- Trustee Page 11 INDEPENDENT EXAMINER'S REPORTTOTHETRUSTEESOF GATEWAY FREEDOM CHURCH. HARLOW Independent examln•r's report to the trust••s of Gateway Freedom Church. Harlow l*he Company'l I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023. Responsibilitie$ and b•$i$ ol r¢port As the charity's tru51ees of the Company land also its dire¢tors for th¥ purposes of company Lawl you are responsible for the preparation of the accounts in accordance with the reouiiem8nts of the Companies Act 20061.the 2006 Act'l. Having satisfied myself ihat the aecounis of ihe Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's occounts 9$ carried OLrt under section 14S of the Charities Aci 2011 I'the 2011 Aet'l. In carrying out my examination I have followed the Dire¢tions given by the Charity Commission under seclion 145151 Ibl of the 2011 Act. Independent examinef's Statement I have completed my examination. l ¢onfJrm that no matters have come to myatteniion in connection with the examination giving me cause to believe.. 1. accounting recordswere not kept in respect ofthe Company as required by Section 386 ofthe 2006Act; or 2. Ihe a¢¢ount$ do noi accor(1 with those records. or 3. the accounts do not cornplywith the accounting requirements of section 396 of the 2006 Act otherthan any requirement that ihe accounts gNe a true and fail view which is not a matter considered as part of an independent examination.. or 4. the accounts have not been prepared in accordance wlh Ihe methods 8nd principles of Ihe Statement of Recommended Practice for accountingand reportingbycharities lapplic8bleto charities preparingtheir accounts in accordancewith ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in connection with the examination to which atteniion should be drawn in this report in order to enable a proper understanding of the 8ccounts to be reached. Gloria W8lters. Msc. AAT. CIMAIPQI 15 Norfolk Place Chafford Hundred Essex RM166DE Oate= Oecember2. 2024 Page 12 GATEWAY FREEDOM CHURCH. HARLOW STATEMENTOF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITUREACCOUIffj foi the Year Ended 31 Ma¥ch 2024 31.3.24 Total Funds 31.3.23 Total Funds unre￿ric1ed funds Restricted funds Notes Income & Endowments Frorn Donations and legacies 60.687 770 61.457 95.974 Charitable Activities Advancing the Christian Faith 37 495 532 Investment Income 30,464 30.464 6.696 Total 91,188 1.265 92,453 102.534 Expenditur• On Charitable activitie$ Advancing the Christian Faith 72,101 1,042 73,143 78.518 NET INCOMEIIEXPENDtWRE) 19.087 223 19,310 24,016 RECONCILIATION OF FUNDS Total funds brought forward Transfers Between Funds 699.707 17.280 32.332 {17,2801 732.039 708.023 TOTAL FUNDS CARRIED FIWD 736.074 15.27S 751.349 732.039 The notes form part of these financial staiements Page 13 GATEWAY FREEDOM CHURCH. HARLOW (REGISTERED NUMBER.. 04859696) 8ALANCE SHEET 31 Maich 2024 31.3.24 Tolal funds 31.3.23 Total funds Unrestricted fund$ Restiictgd funds Notes FIXED ASSETS Tangible Assets 10 485,870 485.870 1.625 CURRENT ASSETS Debtors Cash at bank and in hand 3.659 248.849 252.508 3.659 264.124 267,783 856 730.758 731.614 15.275 15.275 CREDITORS Amounts lallingdue within one year 12 12.3041 12,3041 11.2001 NETCURRENT ASSETS 250.204 15,275 265,479 730.414 TOTALASSETS LESS CURRENT LIABILITIES 736,074 15,275 751.349 732.039 NET ASSETS 736.074 15.275 751,349 732.039 FUNDS Unrestricted funds Restricted funds TOTAL FUNDS 13 736.074 15,275 751.349 699,707 32.332 732,039 The charitable company 13 entitled to exemption from audit under Seciion 477 ofthe Companies Act 2006 fo¥ the yegr ended 31 March 2024. The members have not iequired the ¢ompany to obtain an audit of its financial Statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2W6. The trustees acknowledge their responsibilities for lal ensuringthat the charitable company keeps accounting records that complywith Sections 386 and 387 of the Companies Aci 2006 and prepaiing financial siatements whi¢h wve a irue and f8ir view of ihe state of affairs of the ¢harttable company as at the end of each financial year 8nd of its surplus or deficit for each financial year in ac¢ordan¢e with the requirements of Sections 394 and 395 and whi¢h Othe￿ISe comply wilh the requirements of the Companies Act 2006 relating to fin8n¢ial statements. $0 far as applicable to the charitable company. Ibl These financial slatements have been prepared in accordancewith the pcovisionsapplicable to charitable eompanies subject to the small companies regime. The financial statements were approved by the Board of Trust$*$ and authorised for issue on l.l.-..Il...PhdlW-....... andwere signed on its behalfby= - J East- Trustee The notes form part of these financial statemenis Page 14 GATEWAY FREEDOM CHURCH, HARLOW NOTES TO THE FINANCIAL STATEMENTS tor the Year Ended 31 March 2024 1. ACCOUNTING POLICIES Basls of preparingthe flnancial statements and assessmeni of eoino concern The financial staternenis of ihe ¢harilable company. which is a public benefit entity und•r FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021.'Accountin8 and Reporting by Charities.. Statement of Recomrnended Piactice applicable to charities preparingtheir accounis in accordance with the Financial Reporting Siandèrd appLic8bL¥ in the UK and Republi¢ of Ireland IFAS 1021 leffe¢tive 1 January 20191.. Finan¢i8L Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republi¢ of Ireland. and the Companies Att 2006. The financi81 $t8tements have been prepared under the historical cost conventtorb. The trustees consider that there are no material uncertainties abolrt the charity's abilityto continue as a going Concern. Critical accounting judgemènts and key sources ot estlmailon uneertalnty In preparing financial st8tements it is necessary to make certain judgements. estimated and assumptions that affect the amounts retognised in the financial statements. The following judgements and estimètes are considered by the trustees to h8ve most significant gffe¢t on amounis recogni$¢d in the financial statements. Usetul eeonomle Ilfe ol tanglbie flxed assels: The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values ol ihe assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates. based on technologrcal advancement. future investments. economic utilisaiion and the physical condition ol the assets. Income All income 13 recognised in the Statementof FinancialA¢ti¥ities once thecharity ha$entitlementtothelund8, it is probable that the income will be received and the amount Can be measured reliably. Exp¢ndlture Liabilities are recognised as expenditure as soon as there is a Legal or constructive obligation committing th8 charity to that expenditurè. it is probable that 3 transfer of economic benefits will be requireé in settiemeni and Ihe amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings thai aggregate all cost relaied to the category. Where costs cannot be directly attributed to parti¢ul8r headings. they have been allocaied to activities on a basis consistent wilh the use of resources. Tanglble flxed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fitting8- 25% on reducing b#i8n¢e Only items over £250 are capitalised and depreciated bythe charity- Property is shown at pur¢ha8e price. The Tru8t888 arè assuming that the New Building Property which include8 Iwo residentialflats will not suffer permarbent impairrnent of value. providing il is kept in good repair. Any aggregate surplus or deficit arising from change$ in fairvalue wilL be recognised in the Statement of Fin8n¢i8LActivrties. Taxation The charity is exempt from corporation tsx on it¥ charitsble activities. Debtors Trade and other debtors 8re recognised atthe settlement amount. Prepayments are valued at the amount prepaid. Continued... Page 15 GATEWAY FREEDOM CHURCH. HARLOW NOTES TO THE FINANCIAL STATEMENTS- ¢offttlnued forlhe Year Ended 31 March 2024 I.ACCOUNTING POLICIES-continued C?sh at bank and in hand Cash at bank and in hand includes cash. current bank accounts and deposit bank a¢counts with no withdrawal limitations. Creditors Creditorg are reeognised where the charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amouni due to settle the oblig*ion can be measured or esiimated reliably. Crediiors are recognised at iheir settlemeni amount. Fund accouming Unrestricted funds are funds which are not designated or restricted and are available for the use at the discretion of the trustees in furtherance of the general objectivity of the charity- Restricted funds are to be used for specific purposes as required by the donor. Expenditure which meets these criteria is allocated tothe ielevantfund. Income derived from thesefund$ is retainedwithin thtsfund$ concerned. Design8ied funds are unrestricted fund$ which the trustees have designaied lo the used for a 8pe¢ific purpose. Where these funds yield investment income, this is available fol general purposes. Penslon costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of FinancialActivities in the period to which they relate. Company status The charity is a company limited by gu8r8ntee. The members of the companyare thetrustees. In the evenl of the eharrty being wound up. the liability in respect of the guarantee is limited to £10 per member. Financial instruments The charity only has financial assets and financial liabilities of a kTnd that qualrfy as basic financial instruments. 8asic financial instruments are initially settled at iransaction value and subsequently measured at Iheir settlement value with the exception of bank loans which are subsequently measured 81 amortised cost using the effective interest meth¢)d. 2. DONATIONS AND LEGACIES 31.3.24 31.3.23 Restricted donations General offering Income lax rÈc¢)very Speci81 offering$ Grants received Fundraising 29,319 52.289 12.475 867 350 493 95,794 52.017 8.670 200 61.457 Grants received, in¢luded in the above. are as follows= 31.3.24 31.3.23 Harlow Council 200 350 Continued... Page 16 GATEWAY FAEEDOM CHURCH, HARLOW NOTES TO THE FINANCIAL STATEMENTS- eontlnu for th* Ye8r Ended 31 M8reh 2024 3. INCOME FROM CHARITABLE ACTIVITIES 31.3.24 31.3.23 Office income Sales of bookslequipment Fundraising Events, Bazaar Advancingthe Christian Faith Advancingthe Christian Faith Advancingthe Christian Farth 30 495 532 INVESTMENT INCOME 31.3.24 31.3.23 Deposit account interest Cash Investment interest 150 30,314 30,464 6.689 6.696 5. CHARITABLE ACTIVITIES COSTS Direct Costs Support Costs Totals Advancing ihe Christian Faith 67.479 73,143 6. NET INCOMEIIEXPENDITURE) Net incomellexpenditurel is stated after charginyJicredilingl= 31.3.24 31.3.23 Depreciation- owned assets Surplus on disposal of fixed assets Independent examiners fee 2.442 542 1,200 1.200 7. TRUSTEES, REMUNERATION AND BENEFITS Andrewwalker, a Trustee, received £2.349 for bookkeeping seNice$ duiingthe year12023= £1,932). Truslees. expenses During the year A Walker received expenses of £13. B Fraser re¢eived £185. In Ihe year ending 31 March 2022, A Walker received expenses of £25. B Fiaser received £235 and Tstanesby received £81. Key management personnel The charity considers that the key management personnel consist of the senior pastors. Remuneraiion for key personnel duringthe yearwas £41.741 12023= £33,947). 8. STAFF COSTS The average monthly number of employees duringthe ye8rw83 as follows: 31.3.24 31.3.23 All Staff No employees received emoluments in excess of £60.000. Continued... Page 17 GATEWAY FREEDOM CHURCH, HARLOW NOTESTO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 March 2024 9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES 31.3.23 Total Funds Uniestricted Funds Restricted funds Ineome & Endowmènts From Donations and legacies 62,368 33.426 95.794 Charitable Aciivities Adv3n¢ingthe Christian F8ith Investment Income Other Income 6,696 6.696 Total 69,108 33.426 102.534 Expenditure On Charitable aetivities Advancing the Christian Faith 76.750 1,768 78,518 NET INCOMEIIEXPENDITURE) 17.6421 31.658 24.016 RECONCILIATION OFFUNDS Totalyunds brought forward 707,349 674 708.023 TOTAL FUNDS CARRIED FIWD 699.707 32.332 732.039 10. TANGIBLE FIXED ASSETS Fixtures And Fittings Buildings Tot81 COST At 1 April 2023 Purchases 31 March 2024 21,639 8.145 29.784 21.639 486.687 508.326 478,542 478,542 DEPRECIATION Al 1 April 2023 Charge for year 31 March 2024 20.014 2.442 22.456 20.014 2.442 22,456 Net Book Value 31 March 2024 478.542 7,328 485.870 31 M8rch 2023 1.625 1.625 Continued... Page 18 GATEWAY FREEDOM CHURCH. HARLOW NOTES TO THE FINANCIAL STATEMENTS- eontlnued forth?Ye•r Ended 31 M•r¢h2024 11. DEBTORS: AMOUNTS FALLING DUÉ WITHIN ONE YEAR 31.3.24 31.3.23 Accrued Interest Gift aid reeoverabie 2.806 853 3.659 856 856 12. CREDITORS: AMOUNTS FALLING DUEWITHIN ONEYEAR 31.3.24 31.3.23 Pension Contributions Accrued expenses 104 2.200 2.304 1.200 1.2DO 13. MOVEMENT IN FUNDS Net movement In funds Transfers between funds At 31.3.23 At 31.3.24 Unrestricted Funds General Fund Tithe Fund 696.648 3.059 699.707 24.814 15.7271 19.087 11.352 5.928 17.280 732.814 3.260 736.074 Restri¢tgd funds Youth Projects Special Offerings Kindness Project Building Ftjnd Building PA Fund Outreach Fund 175 1121 1101 163 405 12,167 13.545 6,040 32.332 865 112,1671 151231 8,422 5,825 15,275 12151 223 117,2801 TOTAL FUNDS 732.039 19.310 751.349 Nel movemenl in funds. included in the above are as follows= Incoming resources Resources Expended Movement In funds UnrestrFCted Funds General Fund Tithe Fund 91.188 166.3741 15,7271 172.1011 24.814 15.7271 19.087 91.188 Re8trlcted fvnd$ Youth Projects Special Offerings Kindness Project Building Fund Building PA Fund Outreach Fund 1121 14901 11001 1251 1121 1101 460 560 2S 200 1.265 14151 11.0421 12151 223 TOTAL FUNDS 92.453 173.1431 19.310 Continued... Page 19 GATEWAY FREEDOM CHURCH. HARLOW NOTES TO THE FINANCIAL STATEMENTS- contlnued ftsrthe Year Ended31 Mareh 2024 13. MOVEMENT IN FUNDS- continued Compaiatives for m*wement in lunds Net movement In fund$ Transfers between funds At 31.3.22 At 31.3.23 Unrestileted Funds General Fund Tilhe Fund 705.478 1.874 707.349 {2.1311 {5.5111 (7.6421 16.6991 6,699 696.648 3,059 699,707 R¢$iri¢t¢d fund$ Youth Projects Kindness Project Building Fund Building PA Fund Outreach Fund 250 424 1751 1191 12.167 13.545 175 405 12,167 13,545 6,040 32.332 674 31.658 TOTAL FUNDS 708,023 24.016 732.039 Net movement in funds. included in the above are as follows: Incoming fesourees Resouices expended Movement In funds Unrestricted Funds General Fund Tithe Fund 69,108 171.2391 15.5111 176.7501 12.1311 69.108 17.6421 Restricted funds Youth Projects Special Offerings Kindness Project Building Fund Building PA Fund Outreach Fund 1751 1.066 16271 1751 1.066 608 12.167 13.$45 6.040 33.426 1191 12.167 13.545 6.040 31.658 11.7681 TOTAL FUNDS 102.534 178,5181 24,016 Continued... Page 20 GATEWAY FREEDOM CHURCH, HARLOW NOTES TO THE FINANCIAL STATEMENTS- continued forthe Year Ended31 March2024 13. MOVEMENT IN FUNDS-conlinu¢d A current ye8r 12 months and prior year 12 months combined posilion is as follows: Net Translers movement be￿een In funds funds At 31.3.22 Ai 31.3.24 Unrestricted Funds General Fund Tithe Fund 705,478 1.871 707,349 22,683 111.2381 11.445 4.653 12.627 17.280 732.814 3.260 736.074 Rg$tri¢tod tuDd$ Youth Projects Special Offerings Kindness Project Building Fund 8uilding PA Fund Outreach Fund 250 1871 1101 441 12.167 13.545 5.825 31,881 163 10 424 112.1671 15.1231 8.422 5.825 15.275 674 117.2801 TOTALFUNDS 708.023 43.326 751.349 A current year 12 months and prior ye8r 12 months combined net movement in funds, included in the above are as tollows= Incoming Resources Resources expended Movemeni In funds Unrestrl￿ed Funds General Fund Tithe Fund 160.296 1137.6131 111,2381 1148,8511 22,683 111.2381 11,445 160.296 R8stri¢tèd funds Youth Projects Special Offerings Kindness Project Building Fund Building PA Fund Outreach Fund 1871 11.5561 17271 1251 1871 1101 441 12,167 13,545 5,825 31,881 1.168 12.192 13.545 6.240 34.691 14151 12,8101 TOTAL FUNDS 194.987 1151.6611 43.326 The General Fund represents funds received and expended on the general running costs of Gaieway Freedom Church. The Tithe Fund represents 10% of our general offerings whi¢h is designated to be given away to charitable causes in accordance wilh oui aims and objectives. Continued... Page 21 GATEWAY FREEDOM CHURCH, HARLOW NOTES TO THE FINANCIAL STATEMENTS- ¢ontifw8d fortheyear End¢d31 March 2024 13. MOVEMENTIN FUNDS-continu¢d The Youth Fund represents funds received 8nd expende