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← Eastgate (Kent) Ltd

2025-03-31-accounts

Charity registration number 1102206 (England and Wales)

Company registration number 05014909

EASTGATE (KENT) LTD

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

EASTGATE (KENT) LTD

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees David Stevens
Hugh Richard
Akinsola Osibodu
Dennis Scudder
Paul Bungay
Secretary Dennis Scudder
Executive Church Leadership Team Peter Carter
Kim Carter
David Stevens
Elizabeth Smallwood
Paul Bungay
Stephanie Cox
Dave Foggon
Charity number (England and Wales) 1102206
Company number 05014909
Principal address Eastgate
141 Springhead Parkway
Northfleet
Gravesend
Kent
DA11 8AD
Registered office Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
Independent examiner Colin Dadswell FCA FCCA DChA
Caladine Limited
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
Bankers CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Barclays
Leicestershire
LE87 2BB

EASTGATE (KENT) LTD

CONTENTS

Page
Trustees' report 1 - 5
Independent examiner's report 6
Statement of financial activities 7
Statement of financial position 8
Statement of cash flows 9
Notes to the financial statements 10 - 28

EASTGATE (KENT) LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their report and accounts for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

The principal objectives of Eastgate (Kent) Ltd are that of the advancement of the Christian Faith in the UK and Overseas; the advancement of the public benefit of religious and other education, and the relief of the aged, poor, sick and disabled.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. All of the many and varied activities of Eastgate as described in this report are available to, and for the benefit of, the public across the complete age spectrum, including children, teenagers and adults. Therefore, the trustees believe that Eastgate fully complies with the requirements of the Charities Act 2011 with respect to public benefit.

Achievements and performance

Eastgate exists to ignite a passion for Jesus in its members by facilitating encounters with the manifest presence of the Holy Spirit, resulting in lives being saved and transformed.

Our ongoing mission is to build a vibrant, thriving church—full of radical disciples living out their faith together as family.

Our Home:

Our base, also called Eastgate, is a Christian worship facility and community hub located at 141 Springhead Parkway, Northfleet. The building comprises a 500-seater auditorium on the first floor and a ground floor that includes a welcome area, coffee shop, meeting rooms, and office space.

These facilities are used for both church activities and a wide range of community and commercial events. In December 2024 Dean and Mel Thatcher stepped down from running the Coffee Shop, we would like to thank them for all their hard work since they opened in 2014. We were delighted to welcome the new team of Mariella Padilla and Nassra Zajia who opened the Garden City Café in January 2024. The café remains open to the public and is a well-used meeting place for visitors, building users, and staff.

Key Events and Activities:

Following the celebrations of our 10th anniversary in the building in December 2023 and early 2024, we entered our 11th year with renewed vision and focus. We continue to reflect on all that God has done while actively planning for the next decade.

Children, Youth & Families:

We offer three Sunday morning groups for children (0–3s, 4–5s, and 6–11s), and two youth groups for those in secondary education (11–18s).

EASTGATE (KENT) LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Discipleship and Connection:

Events and Conferences Hosted:

Throughout the year, we were privileged to host a variety of events and guest speakers, including:

Community Engagement:

We continue to play an active role in the local community:

Our facilities also host a range of regular external groups including Rainbows and Brownies, Zappa Performing Arts, Pilates and Kumon tutoring.

Local Partnerships:

We continue to develop strong relationships with Springhead Park Primary School , directly opposite Eastgate. We are thankful for their continued partnership in allowing us to use their hall for our older children’s Sunday group.

Social Action and Wellbeing:

EASTGATE (KENT) LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Eastgate’s School of Spiritual Life:

Financial review

The Trustees and Executive Leadership Team continue to monitor our finances closely.

We are pleased to report that for the financial year ending 31 March 2025, the unrestricted fund showed a surplus of £198,903 . The building fund continues to manage the bank loan interest, depreciation, and related transactions, with a balance of £251,098 remaining at year end.

During the year, Eastgate received £106,929 through targeted offerings toward reducing the bank loan originally taken out to construct the building. This entire amount has been paid directly against the loan.

Reserves:

The Trustees maintain a prudent reserves policy designed to protect against unexpected reductions in income. Based on the diverse nature of our income (donations, rentals, events and School of Spiritual Life), the Trustees have agreed that a reserve of £231,500 is an appropriate target. As of 31 March 2025, unrestricted reserves stood at £370,222 .

We have also taken into account ongoing financial pressures, including:

These challenges were anticipated in our budgeting, and we are pleased to report that reserves remain strong. Staffing remains one of our largest areas of expenditure. Where staff have left, the leadership team has reviewed whether roles need to be replaced in line with strategic priorities.

After setting deficit budgets in recent years, we have been able to set a balanced budget for the year ahead.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for the Future

As we continue into our second decade at Springhead Parkway, we remain committed to our vision:

"To be a regional catalyst for bringing Heaven to Earth."

We aim to:

Financially , we will:

Structure, governance and management

Eastgate (Kent) Ltd is a company limited by guarantee (Company No. 5014909), incorporated on 14 January 2004, and a registered charity (Charity No. 1102206). It is governed by its Memorandum and Articles of Association.

EASTGATE (KENT) LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

David Stevens Hugh Richard Akinsola Osibodu Dennis Scudder Paul Bungay

Executive Leadership Team (during the year):

Peter Carter Kim Carter David Stevens Elizabeth Smallwood Paul Bungay Stephanie Cox Dave Foggon

None of the Trustees hold a beneficial interest in the company. The members of the company are the Executive Church Leadership Team, each of whom guarantees to contribute £1 in the event of winding up.

Eastgate (Kent) Ltd owns the leasehold of Eastgate, the building from which we operate.

We would like to thank Kim Carter for a her many years of faithful service. At the end of December 2024, she retired and stepped down from the executive leadership team. We celebrated and thanked her as a church family in February 2025.

The Executive Leadership Team meets frequently to discuss and oversee the affairs of Eastgate, working alongside other staff and volunteers to fulfil the charity’s vision and objects.

Trustees are appointed by the Executive Leadership Team with approval from current Trustees. The Trustees met four times during the year and were regularly consulted on key matters.

Statement of trustees' responsibilities

The trustees, who are also the directors of Eastgate (Kent) Ltd for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

EASTGATE (KENT) LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

The trustees' report was approved by the Board of Trustees.

David Stevens

Trustee Dated: 19 November 2025

EASTGATE (KENT) LTD

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF EASTGATE (KENT) LTD

I report to the trustees on my examination of the financial statements of Eastgate (Kent) Ltd (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 statements to be reached.

Colin Dadswell FCA FCCA DChA

Caladine Limited Chantry House 22 Upperton Road Eastbourne East Sussex BN21 1BF

20 November 2025

EASTGATE (KENT) LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
630,317
108,855
Charitable activities
4
150,635
10,000
Other trading activities
5
38,296
-
Investments
6
7,287
-
Other income
7
46,088
-
Total income
872,623
118,855
Expenditure on:
Charitable activities
8
738,395
203,968
Total expenditure
738,395
203,968
Net income/(expenditure)
134,228
(85,113)
Transfers between
funds
23
64,675
(64,675)
Net movement in
funds
11
198,903
(149,788)
Reconciliation of funds:
Fund balances at 1 April 2024
As originally reported
1,345,502
435,607
Prior year adjustment
45,600
-
As restated
1,391,102
435,607
Fund balances at 31 March
2025
1,590,005
285,819		 As restated
Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
739,172
678,394
165,195
160,635
185,047
10,000
38,296
75,268
-
7,287
6,702
-
46,088
46,696
-
991,478
992,107
175,195
942,363
847,083
218,203
942,363
847,083
218,203
49,115
145,024
(43,008)
-
124,112
(124,112)
49,115
269,136
(167,120)
1,781,109
1,121,966
602,727
45,600
-
-
1,826,709
1,121,966
602,727
1,875,824
1,391,102
435,607		 Total
2024
£
843,589
195,047
75,268
6,702
46,696
1,167,302
1,065,286
1,065,286
102,016
-
102,016
1,724,693
-
1,724,693
1,826,709

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

EASTGATE (KENT) LTD

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

As restated
2025 2024
Notes £ £ £ £
Fixed assets
Property, plant and equipment 15 2,446,887 2,513,414
Investments 16 1 1
2,446,888 2,513,415
Current assets
Trade and other receivables 17 48,004 96,107
Cash at bank and in hand 398,855 423,554
446,859 519,661
Current liabilities 19 (131,186) (161,030)
Net current assets 315,673 358,631
Total assets less current liabilities 2,762,561 2,872,046
Non-current liabilities 18 (886,737) (1,045,337)
Net assets 1,875,824 1,826,709
The funds of the charity
Restricted income funds 23 285,819 435,607
Unrestricted funds 24 1,590,005 1,391,102
1,875,824 1,826,709

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 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements 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.

The financial statements were approved by the trustees on 19 November 2025 S> SSa. David Stevens Dennis Scudder Trustee Trustee

Company registration number 05014909 (England and Wales)

EASTGATE (KENT) LTD

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

As restated
2025 2024
Notes £ £ £ £
Cash flows from operating activities
Cash generated from operations 28 113,335 125,832
Investing activities
Purchase of property, plant and equipment - (3,156)
Proceeds from disposal of property, plant
and equipment 188 1,096
Investment income received 7,287 6,702
Net cash generated from investing activities 7,475 4,642
Financing activities
Repayment of bank loans (145,509) (187,742)
Net cash used in financing activities (145,509) (187,742)
Net decrease in cash and cash equivalents (24,699) (57,268)
Cash and cash equivalents at beginning of year 423,554 480,822
Cash and cash equivalents at end of year 398,855 423,554

EASTGATE (KENT) LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Company information

Eastgate (Kent) Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Chantry House, 22 Upperton Road, Eastbourne, East Sussex, BN21 1BF. The charity operates from 141 Springhead Parkway. Northfleet, Gravesend, Kent, DA11 8AD

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes 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 it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.

Grants are recognised in full in the Statement of Financial Activities in the year in which they are receivable.

Conference and Ministry School fees are allocated to the period in which the event or school term occurs. Advances delegate fees received are included as deferred income in the balance sheet.

EASTGATE (KENT) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies (Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Resources expended are recognised in the period in which they are incurred and allocated to the particular cost centre to which they relate. Resources expenses include irrecoverable VAT.

Expenditure on conferences which occur after the period end are included as prepayments in the statement of financial position, thus matching the accounting treatment for income.

Support and governance costs directly related to School of Spiritual Life and Training and Equipping have been charged to these activities. All general support costs are apportioned between the activities as follows:

Church activities 77% School of Spiritual Life 20% Training and Equipping 3%

1.6 Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings 2% on a straight line basis Fixtures, fittings and equipment 20% on a straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Non-current investments

Investments in subsidiaries are held at cost.

A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

In accordance with FRS 102 SORP section 24.13A, the subsidiary detailed in note 30 has been excluded from consolidation as it's inclusion would not be material for the purpose of giving a true and fair view to the financial statements. Therefore, consolidated financial statements have not been prepared.

1.8 Impairment of non-current assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

EASTGATE (KENT) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies (Continued)

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

EASTGATE (KENT) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
630,317
108,855
Donations and gifts
Donations and gifts
548,792
97,126
Gift aid tax relief
81,525
11,729
630,317
108,855		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
739,172
678,394
165,195
645,918
583,601
140,214
93,254
94,793
24,981
739,172
678,394
165,195		 Total
2024
£
843,589
723,815
119,774
843,589

EASTGATE (KENT) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

4 Income from charitable activities

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Church activities
Recharged expenses to
related charities
9,768
-
Conference fees
8,196
-
Local authority grant for
the provision of
counselling
-
10,000
Books and CDs income
50
-
Charitable rental income
70,487
-
Transformation Centre
income
-
-
School of Spiritual Life
School fees
43,847
-
Training and Equipping
Conference fees
15,934
-
Books and CDs income
2,353
-
150,635
10,000		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
9,768
17,929
-
8,196
4,651
-
10,000
-
10,000
50
40
-
70,487
46,763
-
-
22,321
-
43,847
58,379
-
15,934
32,742
-
2,353
2,222
-
160,635
185,047
10,000		 Total
2024
£
17,929
4,651
10,000
40
46,763
22,321
58,379
32,742
2,222
195,047

5 Income from other trading activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Letting and licensing arrangements 38,296 75,268
6 Income from investments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 7,287 6,702

EASTGATE (KENT) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

7 Other income

As restated
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Net gain on disposal of tangible fixed assets 188 1,096
Compensation for delay in car park completion 45,900 45,600
46,088 46,696

EASTGATE (KENT) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

8 Expenditure on charitable activities

Direct costs
Staff costs
Travel
Consultancy
Outreach and mission
Website
Children and youth
Church events and groups
Worship, sound and lighting
Conferences
Transformation centre & Sozo ministry
Resource expenses
Direct costs
Grant funding of activities (see note 9)
Share of support and governance costs
Support
Governance
Analysis by fund
Unrestricted funds
Restricted funds		 Church
activities
School of
Spiritual Life
Training and
Equipping
2025
2025
2025
£
£
£
253,139
54,223
1,650
1,755
-
700
14,090
1,366
-
6,585
-
-
6,568
-
-
11,961
-
-
18,097
-
905
9,284
-
-
-
-
17,748
495
-
-
-
-
-
-
11,435
-
321,974
67,024
21,003
47,600
-
6,160
(see note 10)
447,112
18,183
2,951
8,495
1,174
687
825,181
86,381
30,801
621,213
86,381
30,801
203,968
-
-
825,181
86,381
30,801		 Total
2025
£
309,012
2,455
15,456
6,585
6,568
11,961
19,002
9,284
17,748
495
-
11,435
410,001
53,760
468,246
10,356
942,363
738,395
203,968
942,363		 Total
2024
£
394,562
2,049
17,588
18,921
3,934
9,860
18,648
10,721
17,877
3,818
258
10,691
508,927
117,896
418,855
19,608
1,065,286
847,083
218,203
1,065,286

EASTGATE (KENT) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

8 Expenditure on charitable activities (Continued)

Previous year:
Direct costs
Staff costs
Travel
Consultancy
Outreach and mission
Website
Children and youth
Church events and groups
Worship, sound and lighting
Conferences
Transformation centre & Sozo ministry
Resource expenses
Direct costs
Grant funding of activities (see note 9)
Share of support and governance costs (see note 10)
Support
Governance
Analysis by fund
Unrestricted funds
Restricted funds		 Church
activities
School of
Spiritual Life
Training and
Equipping
2024
2024
2024
£
£
£
262,823
100,064
31,675
674
1,375
-
13,927
3,661
-
18,921
-
-
3,894
40
-
9,860
-
-
18,648
-
-
9,928
-
793
126
46
17,705
3,818
-
-
258
-
-
-
10,691
-
342,877
115,877
50,173
111,477
-
6,419
398,439
17,468
2,948
15,695
2,610
1,303
868,488
135,955
60,843
661,820
135,955
49,308
206,668
-
11,535
868,488
135,955
60,843		 Total
2024
£
394,562
2,049
17,588
18,921
3,934
9,860
18,648
10,721
17,877
3,818
258
10,691
508,927
117,896
418,855
19,608
1,065,286
847,083
218,203
1,065,286

EASTGATE (KENT) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

9 Grants payable

Church
activities
Training and
Equipping
2025
2025
£
£
Grants to institutions:
The Lighthouse
Counselling Trust
3,996
-
Tear Fund
3,600
-
Gravesham Sanctuary
9,000
-
Abound and Flourish
-
-
Bethel Church Austin
-
-
Heaven in Healthcare
-
-
Dartford Community
Church
-
-
Living Fire
-
3,600
Barnabas Aid
3,300
-
Emerge
5,500
-
Jesus at the Door
3,200
-
Gravesham Foodbank
2,898
-
Other grants (£2,500 and
under)
9,624
-
41,118
3,600
Grants to individuals
6,482
2,560
47,600
6,160		 Total
Church
activities
Training and
Equipping
2025
2024
2024
£
£
£
3,996
54,923
-
3,600
2,940
-
9,000
5,100
-
-
6,546
-
-
5,000
-
-
6,000
-
-
3,000
-
3,600
-
5,919
3,300
2,100
-
5,500
-
-
3,200
-
-
2,898
-
-
9,624
7,860
-
44,718
93,469
5,919
9,042
18,008
500
53,760
111,477
6,419		 Total
2024
£
54,923
2,940
5,100
6,546
5,000
6,000
3,000
5,919
2,100
-
-
-
7,860
99,388
18,508
117,896

EASTGATE (KENT) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

10 Support costs allocated to activities

Staff costs
Depreciation
Bank loan interest
Building maintenance
Insurance
Light, heat and water
Cleaning
Advertising
Computers and software
Office, printing and stationery
Telephone
Governance costs
Analysed between:
Church activities
School of Spiritual Life
Training and Equipping
Governance costs comprise:
Independent examination fees (2024: Audit)
Accountancy
Legal and professional
Bank and service charges
Payroll
11
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable to the charity's independent examiner:
- for the independent examination (2024: Audit) of the charity's financial
statements
- for other financial services
Depreciation of owned property, plant and equipment
Profit on disposal of property, plant and equipment		 2025
£
200,526
66,529
77,776
35,528
8,206
61,884
5,184
-
3,521
5,472
3,620
10,356
478,602
455,607
19,357
3,638
478,602
2025
£
1,200
4,200
1,375
2,683
898
10,356
2025
£
1,200
4,200
66,529
(188)		 2024
£
143,514
69,245
89,598
18,946
7,939
75,881
5,055
205
1,882
3,800
2,790
19,608
438,463
414,134
20,078
4,251
438,463
2024
£
5,520
7,573
1,375
4,192
948
19,608
2024
£
5,520
5,520
69,245
(1,096)

EASTGATE (KENT) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

12 Employees

The average monthly number of employees during the year was:

Direct charitable activities
Administration and support
Total
Employment costs
Wages and salaries
Social security costs
Other pension costs
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
Aggregate compensation		 2025
Number
15
8
23
2025
£
453,318
32,718
23,502
509,538
2025
£
126,271		 2024
Number
15
9
24
2024
£
481,827
34,464
21,785
538,076
2024
£
254,452

13 Trustees

None of the trustees received any remuneration or benefits from the charity during the year.

The trustees, executive church leadership team and related parties have donated an aggregate sum of £55,783 (2024: £64,002) to the charity.

14 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

EASTGATE (KENT) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

15 Property, plant and equipment

Cost
At 1 April 2024
At 31 March 2025
Depreciation and impairment
At 1 April 2024
Depreciation charged in the year
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024		 Land and
buildings
£
3,134,144
3,134,144
626,467
62,683
689,150
2,444,994
2,507,675		 Fixtures,
fittings and
equipment
£
157,989
157,989
152,250
3,846
156,096
1,893
5,739		 Total
£
3,292,133
3,292,133
778,717
66,529
845,246
2,446,887
2,513,414

Eastgate has been granted a 999 year lease to land at Springhead Parkway, Northfleet, Kent at a peppercorn rent, dated 18 October 2012.

16 Fixed asset investments

Other
investments
£
Cost or valuation
At 1 April 2024 & 31 March 2025 1
Carrying amount
At 31 March 2025 1
At 31 March 2024 1
2025 2024
Other investments comprise: Notes £ £
Investments in subsidiaries 30 1 1

EASTGATE (KENT) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

17
Trade and other receivables
Amounts falling due within one year:
Trade receivables
Other receivables
Prepayments and accrued income
18
Non-current liabilities
Notes
Bank loans
20
19
Current liabilities
Notes
Bank loans
20
Other taxation and social security
Deferred income
21
Trade payables
Other payables
Accruals
20
Borrowings
Bank loans
Payable within one year
Payable after one year
Amounts included above which fall due after five years:
Payable by instalments		 As restated
2025
2024
£
£
6,584
6,967
41,053
88,773
367
367
48,004
96,107
2025
2024
£
£
886,737
1,045,337
2025
2024
£
£
89,270
76,179
7,704
8,301
3,920
25,560
9,968
4,661
-
16,743
20,324
29,586
131,186
161,030
2025
2024
£
£
976,007
1,121,516
89,270
76,179
886,737
1,045,337
461,383
606,823		 As restated
2025
2024
£
£
6,584
6,967
41,053
88,773
367
367
48,004
96,107
2025
2024
£
£
886,737
1,045,337
2025
2024
£
£
89,270
76,179
7,704
8,301
3,920
25,560
9,968
4,661
-
16,743
20,324
29,586
131,186
161,030
2025
2024
£
£
976,007
1,121,516
89,270
76,179
886,737
1,045,337
461,383
606,823
96,107
2024
£
1,045,337
2024
£
76,179
8,301
25,560
4,661
16,743
29,586
161,030
2024
£
1,121,516
76,179
1,045,337
606,823

The loan from Barclays Bank PLC has a total drawdown facility of £1.56m repayable over a term of 20 years with repayments commencing October 2015. Interest is charged at 2.4% above base rate.

The loan is secured by a first and only legal charge on the lease to the land and buildings at Eastgate.

EASTGATE (KENT) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

21 Deferred income

Deferred income
Other deferred income 2025
£
3,920		 2024
£
25,560
Deferred income is included in the financial statements as follows:
2025
2024
£
£
Deferred income is included within:
Current liabilities
3,920
25,560
Movements in the year:
Deferred income at 1 April 2024
25,560
41,214
Released from previous periods
(25,560)
(31,214)
Resources deferred in the year
3,920
15,560
Deferred income at 31 March 2025
3,920
25,560		 2024
£
25,560
25,560

Deferred income represents monies received in advance for Eastgate rentals and Eastgate School of Spiritual Life fees in 2025/26.

22 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 23,502 21,785

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

EASTGATE (KENT) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

23 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April At 1 April Incoming Resources Transfers At 31 March At 31 March
2024 resources expended 2025
£ £ £ £ £
Building fund 391,237 106,929 (181,068) (66,000) 251,098
Eastgate Music 9,410 - (1,221) - 8,189
ESSL Bursary Fund 22,604 - - (1,826) 20,778
Members Fund 7,700 1,026 (2,972) - 5,754
Nourish 4,656 900 (8,707) 3,151 -
Counselling fund - 10,000 (10,000) - -
435,607 118,855 (203,968) (64,675) 285,819
Previous year: At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
Building fund 536,859 154,843 (178,887) (121,578) 391,237
Eastgate Music 14,382 - (4,972) - 9,410
Living Fire 7,070 4,165 (11,535) 300 -
ESSL Bursary Fund 24,398 1,040 - (2,834) 22,604
Members Fund 11,671 1,095 (5,066) - 7,700
Nourish 8,347 4,052 (7,743) - 4,656
Counselling fund - 10,000 (10,000) - -
602,727 175,195 (218,203) (124,112) 435,607

Building fund

This fund was for the construction of a Place of Worship and community Centre details of which are set out in the financial statements. Bank loan interest and depreciation on the buildings is charged against the fund. During the year Eastgate took several offerings with the aim of reducing the bank loan that was taken out when the building was constructed. £66,000 of the monies raised has been used to fund loan repayments in the year and is represented by a transfer to General funds.

Eastgate Music

This fund is for monies given specifically for the development of worship at Eastgate and production and distribution of music.

Living Fire

Living Fire is a network of Churches who come together to share ideas and experiences of Church evangelism and worship. Historically this has involved Eastgate hosting conferences, training days and mentoring Church leaders. In the 2022/23 financial year Living Fire was established as its own separate charity.

ESSL Bursary Fund

The ESSL Bursary fund is for the purpose of providing financial support for students who would otherwise be unable to attend the school. The transfers in the year represent the financial support given.

EASTGATE (KENT) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

23 Restricted funds (Continued)

Members Fund

The Members Fund is for monies given by Eastgate church goers to help other members of the church who are in need of support. It is up to the discretion of the charity who the beneficiaries of the money are.

Nourish Fund

The Nourish fund represents funds given for the purpose of providing a weekly free meal to people needing extra support in our local community.

Counselling Fund

Represents monies given by Gravesham Borough Council to provide counselling services to the local community.

24 Unrestricted funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

General funds
Previous year:
General funds		 At 1 April
2024
Incoming
resources
Resources
expended
£
£
£
1,345,502
872,623
(738,395)
At 1 April
2023
Incoming
resources
Resources
expended
£
£
£
1,121,966
992,107
(847,083)		 Transfers
At 31 March
2025
£
£
64,675
1,544,405
Transfers
At 31 March
2024
£
£
124,112
1,391,102

25 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2025
2025
£
£
At 31 March 2025:
Property, plant and equipment
1,219,782
1,227,105
Investments
1
-
Current assets/(liabilities)
370,222
(54,549)
Long term liabilities
-
(886,737)
1,590,005
285,819		 Total
2025
£
2,446,887
1
315,673
(886,737)
1,875,824

EASTGATE (KENT) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

25 Analysis of net assets between funds (Continued)

Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 March 2024:
Property, plant and equipment 1,000,661 1,512,753 2,513,414
Investments 1 - 1
Current assets/(liabilities) 390,440 (31,809) 358,631
Long term liabilities - (1,045,337) (1,045,337)
1,391,102 435,607 1,826,709

26 Related party transactions

The charity engaged MAS Cleaning, a business owned by Mr M Smallwood, husband of Executive Church Leadership Team member Elizabeth Smallwood to undertake cleaning work. During the year the business was paid a total of £965 (2024: £320) for services rendered.

Edward Smallwood, son of Elizabeth Smallwood, carried out some PA and caretaking duties and was paid a total of 580 (2024: £449) during the year.

Elaine Richard, wife of Trustee Hugh Richard, was paid £190 (2024: £540) for providing assistance at various church activities and events.

27 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2025
£
866
2,598
3,464		 2024
£
866
3,465
4,331

EASTGATE (KENT) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

28
Cash generated from operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Gain on disposal of property, plant and equipment
Depreciation and impairment of property, plant and equipment
Movements in working capital:
Decrease/(increase) in trade and other receivables
(Decrease)/increase in trade and other payables
(Decrease) in deferred income
Cash generated from operations
29
Analysis of changes in net (debt)/funds
At 1 April 2024
£
Cash at bank and in hand
423,554
Loans falling due within one year
(76,179)
Loans falling due after more than one year
(1,045,337)
(697,962)		 2025
£
49,115
(7,287)
(188)
66,529
48,103
(21,297)
(21,640)
113,335
Cash flowsAt 31
£
(24,699)
(13,091)
158,600
120,810		 2024
£
102,016
(6,702)
(1,096)
69,245
(41,497)
19,520
(15,654)
125,832
March 2025
£
398,855
(89,270)
(886,737)
(577,152)

30 Subsidiaries

These financial statements are separate charity financial statements for Eastgate (Kent) Development Ltd.

Details of the charity's subsidiaries at 31 March 2025 are as follows:

Name of undertaking Registered Nature of business Class of % Held
office shares held Direct Indirect
Eastgate (Kent) England Building development Ordinary 100.00
Development Ltd

The aggregate capital and reserves and the result for the year of subsidiaries excluded from consolidation was as follows:

Name of undertaking Profit/(Loss) Capital and
Reserves
£ £
Eastgate (Kent)
Development Ltd - 1

EASTGATE (KENT) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

31 Prior period adjustment

Changes to the statement of financial position

Changes to the statement of financial position
As
Current assets
Debtors due within one year
Capital funds
Income funds
Restricted funds
Unrestricted funds
Total equity		 At 31 March 2024
previously
reported
Adjustment
As restated
£
£
£
50,507
45,600
96,107
435,607
-
435,607
1,345,502
45,600
1,391,102
1,781,109
45,600
1,826,709
435,607
1,391,102
1,826,709

Changes to the income statement

As
Other income
Net movement in funds		 Period ended 31 March 2024
previously
reported
Adjustment
As restated
£
£
£
1,096
45,600
46,696
56,416
45,600
102,016		 Period ended 31 March 2024
previously
reported
Adjustment
As restated
£
£
£
1,096
45,600
46,696
56,416
45,600
102,016
102,016

A prior year adjustment of £45,600 has been made to the 2024 financial statements to correct an error. This adjustment recognises income from a contractual agreement that was due but not recorded as a debtor in the prior year. The £91,500 payment received in 2025 included £45,600 for the period falling within the 2024 financial year. This correction increases 2024 income and debtors, restating the opening reserves for 2025.