Company registtation nuniber.. 04984514 Charity registration number.. 1102554 Gateway Church Ashford (A company limited by guardnlce) Annual Report and Financial Sialements for th¢ Year Ended 31 March 2024 Manninglons 7 W¢llington Square Hastings East Sussex TN34 1 PD
Gateway Church Ashford Contents Reference and Administrative Details Trustees, Report 2103 Independeni Examiner's Report Statement of Financial Activities 5t06 Balance Sheet 7t08 Not¢s lo the Financial Si8iem¢nls 9t020
Gateivay Church Ashford Reference and Administrative Details Trustee5 Rjmoye JPCole BJMHall D P J¢a¢o¢k C Nomian Charity Registration Ntsmber 1102554 C'ompny Registration Number 04984514 Registered Office The Riv¢rsid¢ Cenlre c.lock House Ashford K¢nl TN23 4YN Indcptndent Exminer Mannin¥lons 7 Wellington Square Hastings East Sussex TN34 IPD Page I
Gateway Church Ashford Trustees, Report Th¢ trustees. who are directors for the purposes of company law. present the annual report tog¢ther wilh the rinancial slaiemenis of the charitabl¢ company for the year ended 31 March 2024. Objectives *nd A¢tlvities Objecl.v ainL$ The Church's objectives are:_ lo advance the Christian faith lo relieve persons who ar¢ in conditions of necd hardship or distress as a result of local. national or international emerencY or disaster. or due to their so¢ial. medical or economic circumslances to educate and assist young persons through their leisure activilies so as to develop ihcir physical, mental and spiritual capacity that they may gyrow to full maturity as individuals and membcrs of society and that their conditions of life may be improved to advBn¢e ¢du¢alion in family life in marria8¢ and family relationship5. The Church 5¢eks lo carry out ihese objectives by meeting on Sundays for worship and Bible leaching and during tlie week in groups where we focus on growing as disciples ofJe5Us. li is Ihen also involved in a nuinber of eommunity initiatives. Publlt benefit T])e Iruslees have paid due regard lo guidance is5u¢d by the Chariry Comniission in deciding what aclivilies the church should undertake. In the opinion of the trustees. the activities described below demonsirdt¢ ihe church'5 commitment lo providing public benefit to the community. The truslees confim ihal they have Complied with the r¢quiremenls OK section 17 of the Charilies Aci 201110 have due regard to the public benefit guidance published by th¢ Charity Coi))mission for England and Wales. Page 2
Gateway Church Ashford Trustees, Report Achievements and performAnce Throu&'houl the >'ear. our continued focus was on experiencing God's tangible presence. As a community. we prioritised prayer and worship through our Sunday and midweek meetings. As we entered the Autumn Term, we relaunched Alpha acros5 the Church, with over 150 people signing up for the course. This led to several baptisms as new people came to faith. During tlie c.hristmas season, we continued our 'Give a Gifi, project. working more closely with arhnge of priinary schools lo provide gifts for children Ihrougl) a 'Santa's Grotto, experience. This operat¢d alongside providing presents and fundinbp io a Kent-based foslering ond care agency, ensuring ¢hildT¢n in care received presents. Our ¢afé has conlinued to creaie a welcoming spa¢¢ for those in the local area lo foster community and friendship. It has also served as a central point of a¢¢ess ro our oiher ministries. including our ESOL course and our thriving pareni and ioddler group. Additionally. we launched other ministries trom the cafe, such as a 'Fr¢e Store, for ¢loihin& and cssential items for those in need, and weekly coffee mornings for old¢r peopl¢. Our youih and children's mini51ri¢s conlinucd lo grow, with over 130 ¢hildren and young people aftending e8ch Siinday. We also organiscd rcsid¢nlial trips for boih groups to Carroty Wood, fostering friendship. ¢onne¢lion, and opportunities to learn more about Jesus. By tlie start of 2024, our weekly attendance had growm by 300/0 compared lo the previous year. prompting us lo explore next steps for our cliurch community. In light of tliis, we began ivork on subinitting a prc-planning application for a 400-s¢al audilorium lo be added lo our existing buildinb. We also siarted considerin&F launcl)in a third meeting al a differeni location in Ashford. extending our work and ministry lo a new area. This growth has necessitated Changes to our Siaffing slructure, wilh a greater need for oversighi of our building and midweek groups. We also updated our leadership model, with pastor5 and elders now recognised a5 the Senior Leadership Teani. While there have been many noiable higlilights throughout the year. we believe that this 12-monih period ha$ laid the foundation for what IS to come, as we continue lo sc¢ Jesus build His chur¢h among us. The annual report was approved by the trnsiees of the charity on 25 November 2024 and signed on ils behalf by- JPCole Trustee Page 3
Gateway Church Ashford Independent Examiner's Report to the trustees of Gateway Church Ashford report to the charity trustees on my examination of the accounis of the Cornpany for the year ended 31 March 2024. Responsibilitie$ basis of report As the charity s trustees of the Company land also irs directors for the purposes of company law) you are responsible for ihe preparation of the accounts in accordance with th¢ r¢quirem¢nts of the Companies Act 2006 I'the 2006 Ael'l. Having satisfied myself Ihal the accounts of the Company are nol required lo be audited under Part 16 of the 2006 Act and are eli¥ible for independent examinalion. I report in respeci of my examination of your charity's ac¢oun15 as carried out under section 145 of ihe c.harities Act 2011 I'ihe 2011 Act.). In carying out my examination I have followed the Directions given by the Charity Commission under section 145{5Mb) of Ihe 2011 Acl. Independent examiner's st*tement Since the C.ompany's gross income exeeeded £250.000 your examitter must be a member of a body listed in section 145 of ihe 201 l Act. I confirni thai l am qualified to undertake the examinatioi? b¢cause l am a member of Manninglons. which is one ofthe lisled bodies. I have completed my examination. I confirni that no matters have come lo my attention in ¢onne¢lion with the examinaiion giving me cause to believe.. accountin&p records were not kepl in respect of Gateway Church Ashford as qUired by section 386 of ihe 2006 Act: or 2. 11)e accounts do not accord with those r¢cords,' or 3. the accounts do not comply with the accounting requiremenls of section 396 of the 2006 Act other than any requirement ihai the accounts give a 'tru¢ and fair view, which is not & matter considered as part of an ind¢p¢ndenl examination., or 4. the accolints havc not been preparcd in accordance with the method5 and prin¢iplcs of the Sialcm¢nt of Recommended Practice for accounting and reporting by charities lapplicable lo charities preparin¥ their accounts in accordance wilh the Financial Reporting Siandard applicable in the UK and Republic of Ireland IFRS 10211. have no concern5 and have come across no other matters in connection with the examinatioft to which aftention should be drawTJ in this report in order to enable a proper understanding of Ihe accounts lo be reached. ManningTtons 7 Wellington Square Haslings East Sussex TN34 1 PD 25 November 2024 Page 4
Gateway Church Ashford Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Cains and Losses) Unrestricted funds Total 2024 Note In¢ome gnd Endown)ents from: Donations and legacies Other trading activit1¢5 Investment income 376.189 67,047 1.650 376,189 67.047 .650 Total income 444.886 444.886 Expenditure on: Raising funds Charitablc acliviiies {64.317} 1399.7831 (64.3171 (399,78.11 Toial expenditur¢ 1464.100) 1464,100 Nel expenditure {19.214 (19.2141 Net movem¢nl in funds 119.2141 (19.214) Reconciliation of funds Total funds brought forward 649,307 649,307 Tolal funds carried forward 19 630,09.3 630.093 Th¢ notes on pages 9 10 20 fomj an inlcgral part of these financial stat¢ments. Page 5
Gateway Church Ashford Statement of Financial Activities for the Year Ended 31 March 2024 {Including Income and Expenditure Account and Statement of Total Recognised Gains and Losse5) Unrestricted lund5 Total 2023 Note Income *nd Endowments from: Donations aiid legacies Other trading activilies Investment income 340,046 48.319 228 340.046 48,319 228 Total income 388.593 388,593 Expenditure on: Raising lunds C.harilable aclivitie5 (45,9051 1389.301) {45,905) (389,-301) Tolal expenditure (435,2061 1435,2061 Net expenditur¢ (46.6131 (46.613) Nel movement irt funds (46,613) {46.6131 ReconeiliAtion ol funds Total fitnd5 broughi forward 695.920 695,920 Total funds carried fon¥ard 19 649.307 649.307 All of the charity's activities derive from conlinuing operations during the above two periods. The funds breakdown for 2023 is shown in note 19. Thc notes on pagcs 9 10 20 fom) an integral part of these financial statements. Page 6
Gateway Church Ashford (Registration number: 04984514) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed asset5 Tangibl¢ assets 13 773,804 801.824 Current Assets Debtors Cash al bank and in hand 14 15 11,608 191,475 7.125 191,422 203,083 198,547 Creditors: Amounts falling due within one y¢8r Ne¢ cvrrnht assets 16 {35,607) 135,412) 167,476 163.135 Tot#1 assets less current liabllities 941,280 964.959 Creditors: Amounts falling due after more than one yt#r Net 4sse¢s 17 1311.187 1315,6521 630.09.1 649.i07 Fund5 of the ch4rity: Unre$lri¢led ineome fund5 Ilnrestricted funds 630,093 649.307 Total funds 19 630,093 649.307 The notes on pages 9 to 20 forn) bn inlcgral part of these financial slalemenls. Page 7
Gateway Church Ashford (Registration number: 04984514) Balance Sheet as at 31 March 2024 For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. Dire¢¢ors' responsibilities: The members have not required the charity to obtain an audil of ils accounts for the year in question in accordance with section 476. and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The finanLial statements on pa¥e$ 5 to 20 were approved by the trustees. and authori5ed for issue on 25 November 2024 and signed on their behalf by: RJMoy¢ Trustee JPCole Trustee The notes on pages 9 to 20 fonn an integral part of these financial staternenls. Page 8
Gateway Chureh Ashford Notes to the Financial Statements for the Year Ended 31 March 2024 I Charity status The charity is limiled by guarantee. incorpornted in 8nd ¢onsequently does noi have shar¢ capital. Each of the lrnsiees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is.. The Riverside Centre Clock House Ashford Kent TN2.3 4YN These financial stalemcnls were auihorised for issue by the trusiees on 25 November 2024. 2 A¢¢ountlDg policies Summary of slgnlflcAnt accounting policle$ And key ceounting estim¢es Tl)e principal accouniing policies applied in the preparation of these finan¢ial slal¢menls are set out below. These policies have been consistently applied to all the years presented, unless otherwise slated. Stiilement of compliance The financial slalemenls have been prepared in ac¢ordanc¢ wilh Accounting and R¢porling by Charitie$.' Statement of Recommended Praclice (applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable in tl)e UK and Republic of Ireland IFRS 102)) (issued in October 20191 Icharilies SORP IFRS 1021}. the Financial Reporting Standard appli¢able in the UK and R¢public of Ir¢land (FRS 102) and Ilie Companie5 Act 2006. Basi5 of prepar*tion Gateway Church Ashford meets ihe definition of a PLiblic benefit enlity under FRS 102. Assets and liabilities ar¢ initially recognised at historical cosl or transaction value unl¢ss oth¢rwise slated in Ihe relevant accounting policy noles. Going eoneern The trustees consider that there are no mai¢rial un¢crtainlics about Ihc cl)arity's ability to continue as a going onc¢rn nor any signifi¢anl areas of uncertainty ihal &ffect the Carrying value of assets held by the charity. In¢ome and endowmeD¢$ All income is recognised once lh¢ charity has entiilemenl to the income, il is probable that the income will be received and the amount of the income receivable can be megsur¢d reliably. Donalions and leRaC'ies Donations are r¢¢ognised when th¢ charity has been notified in writing of both the amount and settlement dale. In The eveni Ihal a donaiion is SLibject io conditions that require a level of perfomiance by the charity before the charity is entitled to the funds, th¢ income is deferred and not recognised until either those conditions are ]lY met, or the tulfilment of thos¢ ¢ondilions is wl)olly within the control of tlie cliarity and it is probable that these conditions will be fulfilled in the reporting period. Page 9
Gateway Church Ashford Notes to the Financial Statements for the Year Ended 31 March 2024 Granls rec'eivuble Grants are recogrtised when the charity has an entiilenienl to the funds and any conditions linked to the grants have been met. Wliere perforn)an¢e conditions are attached to the grant and are yel lo be met. the income is recognised as a liability and included on the balance sheet as def¢rr¢d income to be released. Gifl aid Incoming resources from tax reclaims are in¢liided in the Sialement of Financial A¢livilies al the same time as the gift lo which they relate. Inveslmenl ivcome Divid¢nds ar¢ recognised once (he dividend lias been declared and notification h8s been received of the dividend due. Expenditure All expenditiirc is recognised onee there is a legal or ¢onstructive obligation lo Ihal expenditure, il is probable settlemenl is required and the aniounl can be measured reliably. All cosls are allocat¢d lo the applicabl¢ expenditure heading that ag¥regale similar costs to that category. Where costs cannot be directly altribuled lo particular headings they have been allocated on a basis Consisienl with the use of r¢souTces, with central staff costs allocaled on the basis of time spent. and depreciaiion charges allocat¢d on the portion L)f the ass¢l's use. Other 5UPPOrt costs are allocated based on Ihe spread of staft. costs. Rtsisingfunds These are costs incurrcd in attracting voluniary incon)¢, thc managemcnt of investments and those incuThed in trading activities Ihal raise funds. Chdrilnble acilvlffles Charilable expenditure comprises those cosls incurred by Ihe charity in Ihe delivery ol its aclivi11¢5 and services for ils beneficiaries. It includes boil) costs that can be allocated directly lo such activities and those costs of an indireci nature nece55ary lo support them. Granlprovisiuns Provisions for grants are made when the intention lo make a b7ranl has been communicated to the recipienl but th¢re is un¢enainty about either the timing of ilie grant or the amount of grant payable. Support cos1$ Support cos15 include Central functions and have been allocat¢d lo activity cosi categorie5 on a basis consistent with the use of resources. for exan)ple, allocating property costs by floor areas, or per capila, staff costs by the time spenl and other ¢osls by their usage. Governance costs These include the costs artribuiable lo the charity's compliance with constilutional and statutory requirements, including audit, strategic manggem¢nt and trustees meetings and reimbursed expenses. Pag¢ 10
Gateway Church Ashford Notes to the FRnancial Statements for the Year Ended 31 March 2024 Government grants Governmenl grants are recognised based on the accrual model and are measured al the fair value of the as5el received or receivable. Grants are classified as r¢laling eith¢r lo revenue or io assels. Grants relating to rev¢nu¢ are recogni5ed in income over the period in which ihe r¢lat¢d ¢osls are recognised. Granis relating to ass¢ts are recognised over the exp¢¢ted useful life of the asset. Where part of a grant relating lo an asset is deferred. il is r¢cognised as d¢ferr¢d income. T¥x•tion The charity is consider¢d lo pa55 the l¢st5 5¢1 oul in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the d¢finilion of a charilable company for UK corporaiion tax purposes. Aecordingly. Ihe charity is potentially ¢x¢mpl from taxation in respe¢l of income or capital gains received within ¢ategories Covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the T&xation of Chargeable Gains A¢t 1992, 10 the extent thal such income or gains are applied exclusively to charitable purposes. Tgngible fixed 8$sets Individual tixed assets costing £700.00 or more ar¢ initially cOrded al cost. Depreciatlon And amortisA¢ion Depreciaiion is provided on tangible fixed assets so as to write off the cost or valualion, less any eslimal¢d residual value. over iheir expected useful economic life as follows.. Asset rl#s$ Freel)old Land and buildings Fixlur¢s and fittings Computer Equipment Deprecigtion method And rte 20/0 Straighi line on buildings 3 years slraighi line 3 yeurs straighi line Trade debtors Trade debtors are amounis due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially al the transaction price. C45h and csh equivalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-lem) highly liquid investmenis that are readily convertible lo a known amount of cash and ar¢ 5ubj¢ct to an insi¥nificant risk of change in value. Borrowings Interest-bearing borrowings are initially r¢cord¢d at fair valye, net of transaction cost5. Interest-b¢aring borrowings are subsequenily carried at amortised cosl, wiih the difference between the proceeds. net of trdnsaction costs, and th¢ amouni dlie on redempiion being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the ¢harity has an unconditional right to defer settlement of the liability for at least tw¢lve months afier th¢ r¢porting date. Page 11
Gateway Church Ashford Notes to the Financi#l St#tements for the Year Ended 31 March 2024 Fund structure Unrestricted income funds are general funds Ihal ar¢ available for use at the trustees discretion in furthernnce of Ihe obj¢clives of the charily. D¢signated funds are unreslricied funds sel aside for specific purposes al the discretion of the trustees. Pension$ and other post retiremtnt obligations The charity operat¢s a defined coniribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or ¢onstruclive obligation to pay fiirther ontributions even if the fund does not hold sufficient as5els lo pay all employees the benefits relaiing lo ¢mploye¢ service in the current and prior periods. Contributions to defined contribution plans are r¢cognised in the Statement of Financial Activities when they are due. If contribution paymenls exceed the contribulion due for service. the excess is reco&Jnised a5 4 prepayment. Page 12
Gateway Church Ashford Notes to the Financial Statements for the Year Ended 31 March 2024 3 Income from donations and legjeies Unrestrieled funds Dtsignated General Total 2024 Total 2023 Donations and Icgacies: Donaiions from individuals Gifi aid r¢¢laimed Grants, including ¢apilal granls- Government grants Other income from donations and legacies 5,920 1,355 317.401 49.846 323,321 51,201 287.308 46,765 4,294 1.667 1.667 1,679 7,275 368,914 376,189 340.046 4 Income from other trading activities UnrtStricltd funds General Total funds TolAI 2023 Trading income., Shop income from sale of donated goods and service5 Sales of good5 and 5ervi¢es Other trading income Events incon)¢: Other events income 210 57,486 9,015 210 57,486 9.015 214 42.576 5,262 336 -336 267 67.047 67.047 48,319 5 Investment income Unre5tTieted funds Gencral Totgl 2024 Tot*1 2023 Interest r¢¢eivable and similar income: Interest receivabl¢ on bank deposits .650 ,650 228 Pag¢ 13
Gateway Church Ashford Notes to the Financial Statements for the Year Ended 31 March 2024 6 Expenditure on eh#ritAblt activities Unrestricted funds Designated General TDtAI 2024 Total 2023 Note Charilablc Activil¢s Depreciation, amortisalion and oilier similar ¢05ts Grant funding of a¢iivilies Staff ¢osts Allocated support cosis 366 44.607 44.973 62.135 31.819 31.819 32.777 18,385 220,090 18,385 220.090 14.251 197.531 6.937 74.399 3.180 81.336 3,180 79.775 2.832 Governance costs 7,303 392,480 .199,78.1 389.301 7 Analysis of governanee and support costs Governance costs Unres¢riettd fund5 GenerAI Total 2024 TotAI 2023 Independenl Cxamincr fces Independent Examiner's r¢muneralion 3,180 3.180 2.832 3.180 3.180 2.832 Page 14
Gateivay Church Ashford Notes to the Financial Statements for the Year Ended 3] March 2024 8 Grant-makiDg Analysis of grAnts Below ar¢ details of material grants made to insltlulions 2024 2023 NAme of instilutlon Gifts to Individuals KA Apostolic N¢w Life Church Milton Keynes Mission Aviation Fellowship Compassion UK Ac¢ivi¢y 5,323 4,992 4.000 600 336 15.251 5.323 4.992 4.000 600 336 15,251 9 Ntl incomlhgloutgoing resources Nel outgoing resources for the year include.. 2024 2023 Deprecialion of fixed 355¢ts 31,819 32,777 l O Trustees remunerAtion *nd expenses During Ihc year the charity made thc following transactions with Inistees.. BJMHall B J M Hall received remuneration of £45,2931202.3.. £41.601) during the year. Remuneration is paid for his role as a Pastor ond nol as a Trustee. No trustees have received any reimbursed expenses from th¢ charity during th¢ year. Donation5 made by th¢ Iruslees withoui any conditions attached iotalled £34.355 for the year {2023 - £24.600). Page 15
Gateivay Church Ashford Notes to the Financial Statements for the Year Ended 31 March 2024 I I Staff eosts The aggregate payroll costs were as follows.. 2024 2023 StAff costs during the year were: Wages and salaries Social securiry cosls Pension cost5 227,579 12.493 10,953 199,832 1.123 10.049 251,025 221.004 The monihly average number of persons (including senior management I l¢ad¢rship l¢am) eniployed by the haril}' during Ili¢ year expressed as full lime equivalents was as follows.. 2024 No 2023 Pastoral Admin Cafe 13 No employee received emoluments of more than £60,000 during the year. 12 T8Xgtion The charity is a registered charity and is thereforc exempt from l&%ation. Page 16
Gateway Church Ashford Notes to the Financial Statements for the Year Ended 31 March 2024 13 Tangible fix¢d gssels Land And buildings Furniture and equipment TotAI Cost Ai l April 2023 Additions 866.230 82.480 3.799 948.730 3.799 Al 31 March 2024 866,250 86,279 952,529 DepreeiAtlon At l April 2023 Charge for ihe year 85,048 13.725 61,858 18.094 146,906 31.819 Ai 31 March 2024 98.773 79,952 178,725 Net book VAlut Ai 31 March 2024 767.477 6.327 773,804 At 31 March 2023 781,202 20.622 801.824 14 Debtors 2024 2023 Trade debtors Prepayments Other debtors 644 1,271 9.693 881 1.201 5,043 11.608 7.125 15 Cash %nd cash equivalents 2024 2023 Cash on hand Cash at bank 480 190.995 543 190,879 191,475 191,422 Pag¢ 17
Gateway Church Ashford Notes to the Financial Statements for the Year Ended 31 March 2024 16 Creditors: amounts f*lling due within one year 2024 2023 Bank loans Other creditors A¢cnJals 25,884 6.363 3.360 25,884 6.167 3.361 35.607 35,412 17 Creditors: 8mount$ f8lliDg due after one year 2024 2023 Bank loans 111,187 315.652 18 Pension ind other schemes Defined eontribution pension scheme The charity opcrates a defined conlribiition pension scheme. The pension ¢0st Char¥¢ for the year represents ontribulion5 payable by the charity ro the scheme and amounted to £10.953 (2023 £10.0491. 19 Funds Balance 4t I April 2023 Incoming resources Resources expended BAIAnce At 31 March 2024 Unrestricted funds Generol General Funds 519.175 437,61 1456.797) 499.989 Deslgnuied Riversid¢ Building Fiind Reserve Fund 65,132 65,000 7.275 (7,3031 65.104 65,000 1.10,132 7,275 7.303 130.104 Total Cunds 649.307 444.886 {464,100) 630.093 Page 18
Gateway Church Ashford Notes to the Financial Statements for the Year Ended 31 March 2024 Balance at 31 March 2023 Bglance at I April 2022 Incoming resources Resources expended Transfers iinrestricted funds Generfil General Funds 638,764 383,880 1423.046) 180,424) 519,174 Designaled Riverside Building Fund Reserve Fund Tithe Furtd (37,845) 65.000 30.001 4,713 (12,160) 110.424 65.132 65,000 (30,0001 57.156 4,713 112,160) 80.424 110.133 Totgl fuDds 695,920 388,593 1435,206) 649,307 The specific purposes for wliich the funds are lo be applied are as follows.. Designated liunds.. Reserve Fund This fund represents nionies sel aside as reserves in accordance with best praclice. Riverside Building Fund This fund is money designated from a legacy lo th¢ Riv¢rsid¢ Building Projecl. Tithe Trust This fund 15 mon¢y d¢sign8ted from a legacy as a lithe to b¢ dislribuled in due Course. Page 19
Gateway Church Ashford Notes to the Financial Statements for the Year Ended 31 March 2024 20 Analysis of net assets between funds Ilnrestricted funds General Tolal funds at 31 Mgr¢h 2024 Tangible fixed asse15 CUent assets Current liabilities Credilor5 over l year 773.804 203,083 {35.607) 773.804 203.083 (35,6071 {311 187) 630.093 Total net assets 630.093 21 Analysis of net funds 22 RelAted party transactlons During the year the charity made the following related party Iransactions.. Aggregate compensAtion (Remuneralion of key Inanagemenl personnel) Ai th¢ balancc shccl dalc Ihc ainounl duc lolfrom Aggregate compensation was £Nil12023 - £Nil). Pag¢ 20
Gateway Church Ashford Statement of Financial Activitie5 by fund for the Year Ended 31 March 2024 Unrestricted Funds Total Totgl Ilnrestricted Unrestrieted Funds Funds 2024 2023 Income gnd Endowments from: Donations and legacies Other trading activilies Investment income 176.189 67,047 1.650 340,046 48,319 228 l-olal income 444,886 388.593 Expenditure on.. Raisinu funds Charitable acliviiies 164.3171 1399,7831 (45.905} (389.3011 Total expenditurc (464,1001 (435,2061 Net expenditure 19,2141 46.6131 Net mov¢menl in funds {19.214) (46.6131 Reconciliation of funds Total funds brought forward 649,307 695.920 Total funds carried forward 630.093 649.307 This page does not fomi part of the slatulory financial siatemenls. Page21
Gateway Church Ashford Detailed Statement of Financial Activities for the Year Ended 31 March 2024 Tot81 2023 2024 ID¢omt and Endowments from: Donations and legacies {analysed below) Other trdding a¢tivili¢s lanalysed below) Investment income (analysed below) 376.189 67.047 1.650 340.046 48,319 228 Total income 444,886 388.593 Expenditure on: Raising funds (analysed below) Charitable aeiivities lanalysed below) (64.317) 1399.783) (45,9051 (389,301) Tolal expenditure Net expenditure Nei movement in funds 1464,1001 {435.2061 (19,214 46,613) {19.2141 (46.613) Reconcili*tion ol funds Total funds brought forward 649.307 695.920 Total funds Caled forward 630.093 649.307 This page does not fomi part of the slatulory financial siatemenls. Page 22
Gateway Church Ashford Detailed Statement of Financial Activities for the Year Ended 31 March 2024 TotAI 2024 Tolgl 2023 Donuilons and legacies Appeals and donations Appeals and donations Appeals and donations Gift Aid tax reclaimed Gift Aid tax reclaimed UK Governnient &?ranls Events Income 5.920 317,251 150 1.355 49,846 4.380 282.928 333 46.432 4,294 1.679 1.667 376,189 340.046 Other ¢r4dinR aclivilies Sales of donated ¥ood5 Cafe Income Cafe Ev¢nl Income Evenis Income Rental income Other income 210 57,486 214 42,283 267 336 9.015 5,262 29.3 67.047 48.319 Inveslmenl inc'(Jme Interest on cash deposi15 1.650 228 1.650 228 Roisingfunds Cafe Purchases Cafe Wages and salaries Cafe Siaff training GCA Events Cafe Cafe Events and Conferences Cafe Trade subscriptions Cafe- Siaff Unifomi Cafe Bank ¢harg¢s Cafe Casual wages Cafc Rcpairs and renewals Computer soltwar¢ and maintenance costs Cafe Printing. Poslage and stationery Cafe Advertising (27.578) 130.935) 1502) (15,4401 123.4731 (1991 (736) {440) (84} 1764) (70) {1.5431 (1.7021 (3171 (461 11.241) (3,422) {258) 118) {1,3591 {95) {64.317 (45.905) Chariluble aclivilies Materials 1366) 12871 This page does not forni parl of che slaNiory financial Statements. Page 23
Gateway Church Ashford Detailed Statement of Financial Activities for the Year Ended 31 March 2024 Total 2024 Total 2023 Depreciation of freehold property Depreciation of fixtures and fittings Granis payable - individuals Grants Payable - indivuduals Grants Payable It)dividual Granis Payable - Individual Compassion UK Grants Payable - Individual New Life chh Milion Keynes Wages and salaries Staff NIC (Employers) Staff pensions (Defined contribution) - pension scheme I Staff training Travelling Insurance GCA Events c.hildrens Work Computer software and maint¢nonce w51s Trad¢ subs¢riplions Hire of planl and ma¢hinery Ispot hire) Sundry expenses Sundry expenses Catering ond R¢freshm¢nts Advertising Bank charges Li¥hi, heBI and power Repairs and maintenance Repairs and maintenance Repairs and renewals Telephone and fax Computer software and maintenance costs Priniing. postage and stationery Legal and professional fees Legal and professional fees Loan interest Ac¢oiinlan¢y fees (13,7251 118.094) (9.429} 1600) 16.992) 1364) ( 1,000) 1196.644) (12.493) 110.9531 13.046) {.3.502) (4.188) 18.927) {5.443) 1962) (1,0571 11.390) (9.452) {140) {4.153) 19491 (1.034) (19.421) (1.833) (7.077) (7.851) {13,725) (19.0521 (4,323) (6001 14.9921 1336) {4,0001 (176.3591 {11,123) (10,0491 (6.809) 14.184} (3,8571 (9.0291 {6,124) 11.5031 {963) (1,4751 116.1601 (8.5091 11.8091 11.429) (18.0911 15.273) (8,974) (8.6801 {.120) (4.6641 (1.4261 (6.600) (2.509} (23.2351 {2.8.12) (6.869> (1,398) {5.104) (2.267) 129.705) 13.180) 399,783 1389.1011 This page does not forni part of the statutory financial statements. Page 24