GATEWAY MINISTRIES
Trustees. annual report for the year ended 31 July 2024
GATEWAY MINISTRIES
Report and Accounts
31 July 2024
Charity Number- 1108898
Company Number: 05188561

GATEWAY MINISTRIES
Trustees, annual report for the year ended 31 July 2024
Contents
Pages
Charity Information
Trustses, Report
Statement of the trustees. responsibilities
Independent Examiners Report
11-13
Funds Statements:
statement of finanaal activities
Fixed Assets Funds
Movements in Funds
Income and Expenditure Account
14
15
15
16
Balance Sheet
Notes to the accounts
17
18-26

GATEWAY MINISTRIES
Trustees, annual report for the year ended 31 July 2024
Charity Inforniation:
The trustees present their report and accounts for the year ended 31 July 2024, which also
comprises the directors, report required by the Companies Ad 2006.
Reference and administrative details
The legal name ofthe charity is- GATEWAY MINISTRIES.
The charity is also known by its operating name, Gateway Chapel.
The charlty's areas of operatlon and UK charitable reglstration
The charity is registered in England & Wales with the Chaiity Commission in England & Wales
{CCEW) With charity number 1108898.
The company is a chartty with a primary objective lo reach the lost for Christ in the South-East
with an operational focus within Dartford.
Legal structure of the charity
The charity is conslitLrted as a company limited by guarantee. registered under the Companies
Acl. The governing document of the charity is the Memorandum and Articles of Association
establishing the company under company legislation.
There are no restridions in the governing documents on the operation of the Charity or on tts
investment powers other than those imposed by charity law.
By operation of law. all trustees are directors underthe Companies Act 2006 and all directors are
trustees under Charities legislation and have responsibilbties. as such, under both company and
charity legislation.
The principal operating address, telephone number. email address and web address of
the Charity
Camp David
10 Kennet Road, Crayford
DA14QN
Telephone 01322 553337
Email Address admin@gatewaychapel.org.uk
Web address https.'Ilgatewaychapd.org.uk
The reglstered office of the chaiity for Companies Act purposes is.".
388 Wrotham Road
Gravesend
DA117PF
Bankers
Uoyds Bank
4- 6 High Street
Dartford.
DA11BY

GATEWAY MINISTRIES
Trustees, annual report for the year ended 31 July 2024
The trustses in the office on the date the report was approved were...
Mr. Ade Oluwatundemilade Adewumi
Mr. Samson Okiama Omole
Mr. Samuel Olatubosun Onolaja
The following people served as trustees during the year ended 31 July 2024.".
The trustees who seNed as trustees in the reporting period were as shown above. and there were
no changes during the year, or in the period be￿een the year end and the approval of the
accounts.
The following tnjstee is also a member of the charity- Mr. Samud Olatubosun Onolaja.

GATEWAY MINISTRIES
Trustees. annual report for the year ended 31 July 2024
Objectives and activities of the charity
Tho purposes of the charity as set out in its governing document
a. To advance the Christian faith in accordance with the statement of belief appearing in the
schedule hereto in London and such other parts of the United Kingdom or the world as the
trustees may from time to time think fit and to fvlfil such other purposes which are exclusively
charitable according to the law of England and Wales and are connecaed with the tharitable
work of the trust.
b. To relieve persons who are in conditsons of need or hardship or who are aged or sick and to
relieve the distress caused the￿bY in the said location and in such other parts of the Untted
Kingdom or the world as the trustees May from time-tcptime think fit.
The main activities undertaken in relation to those purposes during the year
Gateway Chapel. a vibrant church situated be￿een Erith and Crayford. has been established now
for over 19 years wilh a vision to impad our local community. Our aim is to take a more active
role in the betterment of our community, both immediate and wider. With this in mind, we have
partnered with organisations such as Ellenor Lions Hospice. UNICEF. Samaritans and Tearfund
amongst others.
The main activitles undertaken during the year to further the charity's purpose for the
public benefit
The trustees have had regard to the Charity Commission's guidan{￿ on public benefit in
managing the activiti'es of the charity.
Our main activities and who we try to help are described below. All our charitable activities focus
on the advancement of the Christian religion and the relief of poverty and sickness.
a. Ministering every week to the spiritual needs of the people through Bible study, prayer
meetings. counselling sessions and healing meelings.
b. Our focus as a ministry and church is the outreach for souls.
The short term and longer terni alm and objectlves
Our main objectives continue to be the adVan￿rnent of the Christian religion and the relief of
poverty and sickness. The strategies we applied to meet these obj'ectives induded..
Provision of weekly church services on Thursdays and Sundays to minister to the physical,
spirbtual and material needs of the congregants.
2. Provision of special events and meetings to meet the specific needs of target groups in the
church such as men, women. youth and children.
3. Focusing on the material needs of ￿rtain members undergoing difficult financial situations.

GATEWAY MINISTRIES
Trustees. annual report for the year ended 31 July 2024
4. Working with other Christian agenues and churches in London to advance the preaching of
the gospel.
Provision of pasloral care for congregants and other members of the community.
6. Missionary and outreach work.
Internet TV evangelism.
How the activltles undertaken durfng the year contributed to the achievement of the aims
and obje¢tAves
All the aclivilieslprojects have enabled us to:
create an awareness within our congregation. who now understand the Iheological
basi5 for what we do in the communty and have thus given their time and reSoUr￿S
accordingly.
build a network of relationships with community residents. leaders and partners.
raise funds that have enabled children and young people with life-limiting and lrfe-
threatening condttions to receive full hospice care in their and their families, place of
choice, which is ovemhelmingly their own homes.
give gifts that make a real difference in people's lives. Our gifts supplyfamilies with food
and Easterlchristmas presents in difficult situations.
offer prayers alongside our evangelical programme 'Operation Andrew. which has
offered restoration and hope in Christ to all who are open to spiritual guidance.
The contribution of volunteers during the year
The charity depends on the support of its volunteers, which is much appreciated. The church is
grateful for the unstinting efforts of its volunteers who are involved in seNice provision, office
work and administration. It is estimated that over 19,500 volunteer hours were provided during
202312024. The arrangements with volunteers are difficult to value precisely in monelary terms
and have not been recognised in the statement of financial aclivities. The volunteers and the
charily accept and agree that no contract of employment is created by these arrangements.
The degree to which the achievements and perfomiance during the year have benefited
wider society
Our church seTvices are presented with both the regular congregant and the visitor or seeker in
mind. We minister to the physical, mental and spiritual needs of the whole man in our services
giving specific consideration to the seekers or newcomers in our midst who may not necessarily
have a church background and as such may not understand the prO￿SseS and procedures of
Chrislianity-
We have also helped relieve poverty and hardship amongst both regular and irregular
congregants who are suffering from a period of financial hardship due lo unemployment and lack
of finaneial resources.

GA TEWAY MINISTRIES
Trustees, annual report for the year ended 31 July 2024
The signlflcant chantable activities undertaken in theyagr
The following activities were undertaken irb the year under review:
Christmas jumper to support Ellenor- 16th D￿mber 2023
YOUTH Christmas donation foodbank- December 2023
NHS Health Check- 02 December 2023
NHS Health Check- 05 August 2023
21 Care packages for 21 years- 03 April 2024
Structure, governance and management of the charity
The methods used to recrult andappoint new charity tmstees
The directors who are also charity trustees for the purposes of charity law are in charge of the
strategic direction ol the charitable Irust. Under the requirements of the Memorandum and
Articles of Association, the trustees are elected to ser¥e for a period of three years after which
théy must be re-elected at the next Annual General Meeting.
All trustees give their time voluntarily and receive no benefits from the charity-
Due to the nature of church work. trustees appointed have been so selected on the basis of their
faith, strength of characler, skills set in the area of business management and growth and
commitment to the vision of the charity.
The policles andpm¢edures forthe inductlon and training of trustees
Most trustees are already familiar with the practtcal work of the charity having been friends of the
church for a number of years. Additionally, new trustees are inviled and encouraged to function
in the capacity as friends of the church in order to understand the offerings of the church and its
market. Additionally new trustees would be invited as required and encouraged to attend a series
of short training sessions to familiarise themselves with the charity and the context within which
it operates.
These sessions would be jointly led by the chair of trustees and the chief executive or senior
pastor of the charity and cover.
The obligations of trustees.
The main documents which set oth the operational framework for the charity including the
Declaration of Trust.
Resourcing and the current finanL?al position as set out in the latest published accounts.
Future plans and objectives.
A question & answer pack would be prepared which draws information from various Charity
Commission publications signposted through the Commission's guide"The Essential Trustee" as
follow up to these sessions. This will be distribLrted to all new trustees along wilh the
Memorandum and Articles of Association and the latest financial statements.

GATEWAY MINISTRIES
Trustees, annual report for the year ended 31 July 2024
The Charlty's organisatlonalstrncture
Gateway Ministries is governed by a board of trustees elected to serve the charity and run its
affairs. Annually. the board reviews the range of skills tl has available and uses its power of co-
option to ensure that gaps are filled. There are a number of other ￿lteria that a trustee musl
meet. The board of trustees are assisted by the department leaders.
How the charlty makes declslons and how decisions are delegated
The board of trustees meet quarterfy and are responsible for the strategic direction and policy of
the charity- A scheme of delegation is in place and day to day responsibility for the provision of
the services rest with the Senior Pastor who is also the Chief Executive. He is ably assisted by
an administrative team who implement day-to-day operations. The administrative team continues
to develop their skills and working practices in line with good practice.
rhe charity's relationshlps with relatedparties
In Ihe year under review, the sum of £57,532 {£47.289 in 2023) was paid as lease rental to
Ciwall Associates ￿mIted for the use of the worship centre on 10 Kennet Road. Craylord, DA1
4QN. Ctwall Associates is the lessor of the property under an operating lease arrangement.
It is however worth mentioning that a director of the lessor. Pastor Eddie Iduoze, is also the
Minister-in-charge of Gateway Ministries. In the course of our assignment, we are satisfied that
the￿ is no transfer of economic benefits to any trusteeldirector or responsible offi￿r of the chartty
as a result of this transadion. as is the requirement of IAS 24 Related Party Disdosure.
Furthermore. the lessee from the year 201512016 has done substantial improvement on the
property, and these sums have been fully expended.
Financial review
The charity's flnancial position at the end of the year ended 31 July 2024
The financial position of the charity at 31 July 2024 and comparatives for the prior period. as more
fully detailed in the accounts. can be summarised as follows: _
Un-audited
IR94tstedl
2023
Net income
44.677
134,5761
Unrestricted revenue funds available for
the general purposes of the Charty
671,505
706.081
Totsl funds
716.182
671.505
Financial review of the position at the reporting date, 31 July 2024
During the year, income of £903,716 (£747.157 in 2023) was received as voluntary donations. The
net income for the period, as shown in the statement of financial activities, forthe period was £44.677
(a loss of (£39,606 in {Re-stated) 2023). The value of Gateway Ministries, net assets as at 31 July
2024 is £716,182 (£671,505 in 2023{R&stated)).

GATEWAY MINISTRIES
Trustees. annual report for the year ended 31 July 2024
Policies on reserves
The board of trustees has examined the charity's requirements for reserves in light of the main
risks to the orgarsisation. It has established a policy whereby the unreslricted fvnds not committed
or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the
expenditure.
The expenditure for the year is £1.045.480 (2023 Re-stated: £967,￿1). therefore the targeted
reserves should be be￿een £522.666.50 and £261,333.25 in general funds. The rese￿eS are
needed to meet the working capital requirements of the charity, and the trustees are confident
that at this level they would be able to continue the current activities of the Charity in the event of
a significant drop in funding. This general reserve policy has been met and exceeded this year
as in previous years.
The majorrlsks to whlch the charlty is exposedand revlews andsystems to mltigate them
The trustees have identified the major strategic risks to whith Gateway Ministries are exposed
and established controls and actions to mitigate them. Each year. risk assessments tske place
at our office in Crayford and these risk assessments are subject to continual review and
monitoring. The trustees take all appropriate steps to m¢xlerale and manage the inevitable
operational risks to which volunteer staff and assets of Gateway Ministries are exposed.
Competence-based training for volunteers, employefs liabilty insurance, monitoring of new
legislative requirements are examples of steps laken. In particular. there are policies and
procedures for children and vulnerable adults, protection and for health and safety risk5.
Furthermore. a risk register is to be established and UFrflated at least annually.
Prlncipal fundlng sources in the year and how these support the key objectives of the
charlty
The principal fvnding sources for the charity are currently by way of donations and gifts from
congregants through the offering baskets passed during church services and through bank
standing orders. We have exercised our right to reclaim the tax on the donations and gifts
received from the congregants arKI this has proved a steady and growing source of additional
income.
Plans for the future
Summary of plans for the future and the trustses, perspective of the fvture direction of the
charity
Gateway Chapel is a friendly. fvn filled. family church with the mission to build by the word of
God. Our vision is to deliver the gospel. develop marketplace ministers and display influence
globally.
Our Goals
Mission oriented: To deliver the gospel to every major city in the world through the power of
media.
Marketplace: To develop creative and dynamic professionals into urban missionaries
representing Christ in every people and professional group through the power of mentoring.
Mega church.. To display influence by the strength of discipleship through the power of minislry.
Our Culture- We stand for fun, friendship, family & fellowship.
Mission: This is a ministry where young professionals are groomed to become urban missionaries
in their careers and businesses. They display unique dimensions of divine Excellency right in the
very heart of the marketpla￿. So, whether they are weary or high-spirited, affluent. or modestly
classed, at Gateway Chapel, they will find succour, restoration of hope and strength. and a potent
message that is always relevant to the needs of its people.

GATEWAY MINISTRIES
Trustees. annual report for the year ended 31 July 2024
Plans
Gateway Media Outreach". Preaching the undiluted word of God globally with the
instrumentality of technological infrastmrture available now. ouuets like the YouTube allows
us present the messages to both the regular members of Gateway Chapel as well as other
listeners from countries around Europe. Asia, America and Africa. We keep increasing the
quality of our messages to also ensure we keep reaching those both near us as well as
having wider reach and relatable appeal.
Gateway Chapel Outreach (Medway): Gateway Chapel is planting an outreach centre in the
Medway and Sittingboume area. The church is set up to reach out to the communities in
the said area. To help spread the news of Jesus as a church, providing and preaching the
undiluted word of God. We plan to share our values of helping the community in supporting
families, providing strong fellowship as well as being available as friends to the members of
the community.
Gateway Smart Hub.. The Camp Dawd building of Gateway Chapel is fitted with furniture
and set up as a place for professionals. Gateway Chapel attendees and other members of
the community can use it as a 'work from home, location and hub to enrich mental and
emolional wellness, thereby helping to alleviate some of the challenges and effects of social
isolation. Wth life going back to normai for most, we plan to maximise the current hub and
open more hubs in future.
Gateway NXL = The youth church of Gateway Chapel is set up to cater for Ihe spiritual as
well as social needs of teenagers. This group has and will continue to help teens as well as
their parents in dealing with the issues of the present day through the instrumentality of
training. mentoring as well as other educational conferences. The group cuffently meets in
a separate centre from the church. The services and programmes have been highly
attractive to teenagers. and we have successfully engaged the youths in the community.
We, however, plan to scale this up to a huge ￿MmUnty of youths that will help make a
difference in our borough. We plan to model after churches that have successfully been
able to affect the youths around them positively. The church we are planning to model after
is the Heart of God Church Generations in Singapore.
Gateway Music: Gateway Chapel did not release any new album this finanaal year, but we
had a few concerts indusive of The cross over service.
Gateway Domestic Mission: The community liaison section of the church ha5 over the years
come up with many fundraising inÈtialives that have seen the whole church get involved in
helping local charities through our donations of essential items and sometimes finanaal
contribution to the work of such charities. The charities we have the plans to continue to
support are MIND Bexleyheath. our local mental health charity. Ellenor- the local hospi￿,
old people's home and the food bank in Bexley.
Gateway Intemational Mission: We currently have one international mission centre, located
in Lagos, Nigeria. Our plan is to open more intemational mission stations in the near future.
These stations will serve as churches and educational centres. We also have plans to
establish associations in countries represented at Gateway Chapel. In addition to Nigeria,
Uganda and South Africa are the countries we are looking at in the immediate future for
mission and ministries as well as partnerships before rolling out lo other nations.
Gateway Foreign Mission to Uganda- We currently have a yearly mission trip to Uganda
where we work with an orphanage to provide financÉal assistsnce for the running of the
orphanage. We are also working hand in hand with a small church to provide bibles and
skills for the local leaders in the communty. Lastly. we are working with a main church to
provide marketplace skills development training with "Taking Your Marketplace" This is an
ongoing yearfy visit and project.

GATEWAY MINISTRIES
Trustees. annual report for the year ended 31 July 2024
ststement of the trustees. responsibilities
The charity's trustees are ￿SpOnsIble for the preparation of the accounts in accordance with the
tems of the Companies Act 2006. the Charities Act 2011 and the Charities (Accounts and
Reports) Regulations 2008. Nolw'thstanding the explicit requirement in the extant statutory
regulations, Ihe Chartlies (Accounts and Reports) Regulats"ons 2008. to prepare the financial
statements in accordance with the SORP 2005, in view ofthe fact that the SORP 2005 has been
wilhdrawn, the truslees detemiined to interpret this responsibility as requiring them to follow
current best practice and prepare the accounts according to the FRS 102 SORP (Statement of
Recommended Practice for Accounting and Reporting by Charities) 2015. (as amended by the
Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1s1
January 2019), (The SORP),.
In particular. the Companies Act 2006. and charity law requires the Board of trustees to prepare
financial statements for each financial year which grve a true and fair view of the state of affairs
of the charity as at the end of the financial year and of the surplus or defiLIt of the charity. In
preparing those financial statements the Board is required to-. -
to prepare the accounts in accordance with Untted Kingdom Generally Accepted A(xounting
Practice (United Kingdom Accounting Standards and applicable law)..
select suitable accounting policies and apply them consistenlly-
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going con￿rTr basis unless it is inappropriate to
presume that the charity will ￿ntinUe in business.
state whether applicable aGcounting standards and statements of recommended practice
have been followed, subject to any material departures disclosed and explained in the
finanaal statements.
The law requires that the trustees musl not approve the accounts unless they are satisfied that
they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of
the charity for the year.
The trustees are also responsible f¢y maintaining adequate accounting records which disdose
wrth reasonable accuracy at any time the financial position of the charity and which are sufficient
to show and explain the charitys transactions and enable them to ensure that the financial
statements cornply wilh the Companies Act 2006 and comply with ￿gUlationS made under the
Charities Act. They are also responsible for safeguarding Ihe assets of the charity and hence for
taking reasonable sleps for the prevention and detection of fraud and olher irregularities.
The trustees are also responsible for the contents of the Injstees. report, and the statutory
responsibility of the independent examiner in relation to the trustees, report is limited to examining
the report and ensuring that, on thè face of the report, there are no material inconsistencies with
the figures disclosed in the financial ststements.

GATEWAY MINISTRIES
Trustees, annual reportfortheyear ended 31 July2024
Method of preparatlon of a¢¢ounts- Small company provision8
Thefinancialststements are set outon pages 14to 26.
The financial statements have been prepared implementing the FRS 102 SORP (Statement of
Recommended Practice forAccountingand Reporting bycharitiesl 2015. las amended bythe
Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after
1stJanuary 20191. (The SORPI, and in accordance withthe Financial Raportingstandard 102,
(effective 1 st January 2016).
Thesefinancialstatements have been prepare(i in accordancewiththe provisions in Part 15 of
the Companies Act 2006 applicableto companiessubjectiothe small companies regime.
Thls report was approved tythe board of trustees on 2910712025.
Mr. Samson Omole
DirectOr￿rUStee
io

GATEWAY MINISTRIES
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF GATEWAY MINISTRIES
OPINION
We have audited the financial statements of Gateway Ministries (the 'charitable cornpan￿ for
the year ended 31 July 2024 which comprise the statement of financial activities. the balance
sheet and notes to the financial statements induding significant accounting poliues. The financial
reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards. induding Financial Reporb"ng Standard 102 'The Financial
Reporting Standard applicable in Ihe UK and Republic of Ireland, (United Kingdom Generally
Accepled Accounting practi￿}.
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as al 31 July 2024
and of its incoming resources and application of resources, including its income and
expenditure for the year then ended-
have been properfy prepared in accordan￿ wtth United Kingdorn Generally Accepted
Accounting Practice.. and
have been prepared in accordance with the requirements of the Charities Act 2011.
BASIS FOR OPINION
We conducted our audit in accordan￿ viith International Standards on Audrting (UK) (ISAS (UK))
and applicable law. Our responsibilities under those standards are further described in the
Auditors, responsibilities for the audit of the financial statements section of our report. We are
independent of the charitable company in accordance with the ethical requirements that are
relevant to our audit of the financial statements in the United Kingdom, induding the Financial
Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
We have nothing to report in respect of the following matters in relation to which the ISAS {UK)
require us to report to you where=
the Trustees, use of the g(yng concern basis of accounting in the preparation of the
financial statements is not approprtate: or
the Trustees have not disdosed in the ffinancial statements any identified malerial
uncertainties that may cast significant doubt about the charitable company's ability to
conlinue to adopt the going concern basis of accounting for a period of at least twelve
months from the date when the financial statements are authorized for issue.
OTHER INFORMATION
The Trustees are responsible for the other information. The other information comprises the
information included in the Annual report. other than the financial statement5 and our Auditots.
report thereon. Our opinion on the financial statements does not cover the other infomiation and
we do not express any fomi of assurance conclusion thereon.
In connection with our audit of Ihe finanrial statements. our responsibility is to read the other
information and, in doing so. consider whether the other information is materially inconsistent
with the finanual statements or our knowledge obtained in the audit or olheTrvtse appears to be
materially mi&stated. If we identify such material inconsistencies or apparent material
11

GATEWAY MINISTRIES
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF GATEWAY MINISTRIES
misstatements. we are required to detemiine whether there is a material misststement in the financial
statements or a material misstatement of the other infomiation. If, based on the work we have
perfomed. we conclude that there is a material misstatement of this other information. we are
required to report that fact.
We have nothing to report in this regard.
MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
We have nothing to report in respect of the following matters where the Charities (Accounts and
Reports)
Regulations 2008 requires us to report to you if. in our opinion=
the information given in the Trustees. report is inconsistent in any material respect with
the financial slatements. or
sufficient accounting records have not been kept". or
the financial statements are not in agreement wth the accnunting records and retums.,
or
we have not received all the infomiation and explanations we require for our audit.
RESPONSIBILITIES OF TRUSTEES
As explained more fully in the Trustees. responsibilities statement. the Trustees (who are also
the directors of the charitable company for the purposes of company law) are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view,
and for such internal control as the Trustees detemiine is necessary to enable Ihe preparation of
finan￿al statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable
company's ability to continue as a going concern. disdosing. as applicable, matters related to
going concem and using the going concern basis of accounting unless the Trustees either intend
to liquidate the charitable company or to cease operations. or have no realistic altemalive bul to
do so.
AUDITORS. RESPONSIBIUTIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in
ac￿rdanCe with the Act and relevant regulations made or having effect there under.
Our objectives are to obtain reasonable assurance about vthether the finanaal statements as a
whole are free from material misstatement, whether due lo fraud or error. and to issue an
Auditors, report that indudes our opinion. Reasonable assurance is a high level of assuran￿.
but is not guarantee that an audit conducted in accordance with ISAS (UK) will always detect
material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to
influence the economic decisions of users taken on the basis of these financial statements.
Irregularities. including fraud. are instances of non-compliance with laws and regulations. We
design procedures in line wilh our responsibilities, OLrtlined above, to detect material
misstatements in respect of irregularities, including fraud. The extent to which our prO￿dureS
are capable of detecting irregularities. including fraud. is detailed below=
12

GATEWAY MINISTRIES
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF GATEWAY MINISTRIES
Enquiries con￿MIng the chartties policies and procedures relating lo..
Identifying, evaluating and complying wth law￿ and regulations and whether they were aware
of any instances of non-compliance
Detecting and responding to the risks offraud and whetherthey have knowledge of any actual,
suspected or alleged fraud.
Discussions among the engagement team regarding how and where fraud might occur in the
finaneAal statements and any potential indicators of fraud.
In common with all audits under ISAS (UK). we are also required to perform specific procedures
to respond to the risk of management override.
Performed analytical procedure5 to identify any unusual relationships.
Tested journal entries to identify unusual transaclions.
We also obtained an understanding of the legal and regulatory frameworks that the company
operates in.
As a result of performing the above. we did not identify any key audit matters ￿lated to the
potential risk of fraud or nonpcompliance.
A further description of our responsibilities for the audit of the financial statements is located on
the Financial Reporting Council's website at.. www.frc.org.uklauditorsresponsibilities. This
description foms part of our Auditors, report.
OTHER MATTERS
The comparative figures are unaudited as the company was not subject to an audit in the
previous accounting period and it has also been re-stated where applicable in respective heads.
USE OF OUR REPORT
This report is made solely to the charitable company's trustees. as a body, in accordance with
Part 4 of the Chartties (Accounts and Reports) Regulations 2008. Our audit work has been
undertaken so that we might state to the charitable CoMpan￿S trustee5 those matters we are
required to stste to them in an Auditors, report and frjr no other purpose. To the fullest extent
permitted by law, we do not a￿p1 or assume responsibility to anyone olher than the charitable
company and its trustees. as a body. for our audit work, for this report. or for the opinions we
have formed.
OLIJ
Krishna Prasad Dahal (Senior Statutory Auditor)
For and on behalf of
Bayar Hughes & Co Limited
Statutory Auditors
Chartered Certified Accountants
4 Green Lane Business Park
238 Green Lane
New Eltham. London
SE9 3TL
Date". 2910712025
Bayar Hughes & Co Limited are eligible to act as auditors in terms of section 1212 of the
Companies Act 2006.
13

GATEWAY MINISTRIES . Statementof Financial Activities forthe year ended 31 July 2024
Statement of financial activities (including the Income and Expenditure Account for the year
ended 31 July 2024, as required by the Companies Act 2006)
Notes Current year
Current year
Current year
Prior Year
Un-auditsd
{Re-Stated)
Total
Funds
2023
Unrestricted
Funds
2024
Restr(cted
Funds
2024
Totsl Funds
2024
Income
Donations & gift
aid
Totsl income
1.083,849
933,385
21
1,083.849
1,083,849
1.083,849
933,385
Exceptional item
26
6,308
6,308
Expenditure on:
967,961
Charitable
activities
25
1,045.480
1,045,480
Total expenditure
1,045,480
1,045,480
967,961
Net income for the year
44,677
44.677
{34,5761
Net income after transfer3
44,677
44,677
(34,5761
Net movement in funds
44.677
44,677
(34,576)
Reconciliation of funds: .
Total funds brought forward
671,505
671,505
706,081
Total funds carried fovNard
716,182
716,182
671,505
The 'SORP Ref indicated above is the das$￿IcatiOn of income set out in the fomial SORP docvments. As required by
paragraph 4.60 of the SORP, the fvnds brought forward and carried fopward above have been agreed to the balance sheet.
A separate ststement of totsl recagnised gains and losses i8 not required as this ststement indudes all recognised gains
and losses.
All the prior year transactions were unrestricted ilems, and no further analysis is requir￿1.
Al activities derive fmm conb'nuing operatK)ns.
The notes attached on pages 18 to 26 forni an integral part of these accounts.
14

GATEWAY MINISTRIES- Statementof Financial Activities forthe yearended 31 July 2024
GATEWAY MINISTRIES - Resources applied in the year ended 31 July 2024 towards fixed
assets for charity use:.
Un-audited
(Re-stated)
2023
2024
Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
Net resources available to fund charitable activities
44.677
(33.552)
11,125
(34,576)
(5,030)
139,6061
The resources applied on the r￿ed assets for charity use represent the cost of additions, less proc6eds of any
disposals.
Movements in revenue and capital funds forthe year ended 31 July 2024
Revenue accumulated funds
Unrestricted
Funds
Restricted
Funds
Last year
Total Funds
Un-audited
(Re-stated
Total Funds
2024
2024
2024
2023
Accumulated funds brought
fO￿ard
Recognised gains and
losses before Iransfers
Closing reserve funds
Prior year adjustmenl
706,081
671.505
671,505
44,677
44,677
(72,081)
634,000
37,505
716,182
716.182
Closing reserve funds
716,182
716,182
67q,505
Summary of funds
Unrestricted
and
designated
funds
Restricted
fvnds
Totsl
funds
Last year
totsl funds
Un-audited
{Re-Statsd)
2023
2024
2024
2024
Revenue accumulated funds
716.182
716,182
671,505
The notss atta¢hed on pages 18 to 26 fonn an integral part of these accounts.
15

GATEWAY MINISTRIES - Ststement of Financial Activities forthe year ended 31 July 2024
GATEWAY MINISTRIES
Income and Expenditure Accountforthe yearended 31 July 2024 as required by the
Companies Act 2006
Un-audited
{Re-Statedl
2023
2024
Income
Income from operations
Other operating income
Gross income in the year before exceptional
items
Exceptional item
Gross income in the year including exceptional
items
1.083,849
933,385
933,385
1,083,849
6,308
933,385
1,090.157
Expenditure
Charitable expenditure, excluding depreciation
Depreciation
Governance Costs
1.005,707
23,073
16,700
947,930
16,531
3,500
Totsl expenditure in the year
1,045,480
967,961
Net income before tax in the financial year
Tax on surplus on ordinary activities
Net income after tax in the financial year
Retained surplus for the financial year
All activities derive from continuing operations
44,677
{39,606)
44,677
44,677
(39,606)
(39,606)
In accordance with the provisions of the Companies Act 2￿6. the headings and subheadings used in the
Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
The notes attached on pages 18 to 26 forni an integral part of these accounts.
16

GATEWAY MINISTRIES - Balance Sheet as at 31 July 2024
Un4udited
{Re4tated)
2023
2024
Fixed A&8ets
Tangible Assets
32.252
21.773
CurrentAssets
Debtors
Cash at bank arKI in hand
io
59,454
fA1,867
51,047
604.578
Totsl current assets
701,321
655.625
Creditors: amounts falling due
within one year
11
117,391)
(5,893)
Netcurrent assets
683,930
649,732
The total net assets ofthe
charity
671,505
716.182
The totaj net assets of the ch8rityarè funded by the funds of thè charity. as follows: .
2024
2023
Restricted Funds
Reslrtcted Funds
Unrestricted Funds
Unrestricted ravenue funds
12
716.182
671.505
716,182
71&182
671.505
671,505
Total charity funds
For Ihe financial year in question. the company was entilled to exemption from the audit requirement under
section 477 of the Companies Act 2006 relating to small companies.
No members have ￿qUIred the company to obtsin an audit of its fmanual statements under the requiremants of
the companies Act 21)06 for ihe yéar in question in a¢cordan¢e V•ith section 476. However. an audit has been
carried out urKler section 144 of Ihe Charities Act 2011.
The Directors acknowledge their responsibilty for ¢omplying with the requirements of the Companies Act 2006
and the Charities Act 2011 with respect to accounting records for the preparation of financial statements.
These financial siaiements have been prepared in accordance with the provisions applicable to compani85
subject to the small companies. re9ime.
Mr. Samson Omole
Truste8
Approved by the board oftrustees on
Thè nots8 atta¢ho11 on pag8$ 18 to 26 forni an Integr41 part of the￿ accounts.
17

GATEWAY MINISTRIES
Notes to the Accounts forthe yearended 31 July 2024
1 Accounting policies
Policies relating to theproduction of the accounts
Basis of preparation and accounting convention
The accounts have tken prepared on Ihe accruals basts. under the historixl cost convention, and in accordance with the
Financial Reporting Standard 102, {effecbve 1 sl January 2016) and'FRS 102 SORP {SÉalemenl of Recommertded Practice
for Accounting and Reporting by Charttiesl 2015, (as amended by the BLI[￿tin issued in October 2018 and applicable to all
accounting periods beginning on or after 1st January 2019). rrhe SORP). published by the Charity Commission in England
& Wales ICCEW) effecb've January 2016.
and in accordance with all applicable law in the charity's jurisdiction of
registration, exceptthal the Charity has prepared the financial statements in accordan￿ with the FRS 102 SORP Islalemenl
of Recommended practi￿ forAccounting and Reporting by Charities) 2015. {as amended by the Bulletin issued in October
2018 and applicable to all accounb'ng periods beginning on or after 1st January 20191. ffhe SORPI. in preferen* lo the
previous SORP, the SORP 2005, whi¢h has teen withdrawn. nots¥ithstaThJing the fact that the extant statutory regulations,
the ChaTlties (Accounts and Reports) Regulations 2008 refer explicilty to the SORP 2005.
This has been done to accord wrth the current ￿st practice.
Going concern
The charitable activities are entirety dependent on voluntary donations as well as gift aKls. As a ¢onsequence, the going
concem basis is dependent on the future fkjw of these un￿rtain funding streams.
Accordingly, the trustees have obtained forecasts and, after revEwing the financial fore¢asts for futtjre periods to 31 July
2026. the trustees are satisfied that. at the lime of approving the financial statements, it is appmpriate to adopt the going
concem basis in preparing the financial slatements.
Other than these matters. the tTuslees are not aware of any material Un￿rtaIntieS about the charity's ability to continue as
a going concem.
Risks and future a5$umptlons
The Charity ts a public benefrt entty.
The trustees have assessed the major risks lo which the church is exposed. in particular those related to the operaliDns and
finances of the church and are salisfEd that systems and pro￿ureS are in place to mitigate our exposure lo the major risks.
The church is covered by a Church & Congregation Insuran￿ poI￿Y and this covers a number of risks induding Bu[￿1ng &
Contents, Income arsd Financial Risks, Trustees, Indemnty, Fire & ThefL Empbyers, All Risks, etc.
Policies relating to categories of income and income recognibon
Nature of Income
This is provided mainly through voluntary tithe5 and offerings by the church members and through gfft aid scheme. Ptedges
a￿ also taken for speeific projects.
Categories of income
Income is calegorised as income from exchangetransactions (contract income) and income from non*xd)ange transactions
Igrfts), investment income and other income.
Income from exchange transactions Is reoNaJ by the charrty for gocKls or se￿￿$ supplled under contract or where
entitlement is subject lo fulfilling perfomiance-rew conditions. The income the charity receives 15 approximately equal in
value lo the goods or servi￿$ supplied by the charity to the purchaser.
Income from a nonwexchange transaction is where the charity receives value from the donor without providing equal
value in exchange. and indudes donations of money. goods and services fteety given without giving equal value in exchange.
18

GATEWAY MINISTRIES
Notes to the Accounts for the year ended 31 July 2024
Income recognition
Income subject to te￿$ and conditions which must be met befo￿ the charity is ents'ued to the resources is not recognk8ed
until the Conditions have been met.
All income 15 a¢counted for gross, before deducting any related fees or costs.
Policies relating to expenditure on goods andservicespmvidedto the chaiity
Recognition of Ilabllities and expenditure
A liabilty, and the related expenditure, is recognised when a legal or constructive obligation exists as ? result of a past
event, and when it is more likely than not that a transfer of economic knefits will required in setuement, and when the
amount of Ihe obligab'on can be measured or reliably estimated.
Liabilities arising from fvlure funding commilments and constructive obligabons. including performance relatsd grants,
where the liming or the amount of the futu￿ expenditure required to setue the obligats'on are Un￿rtaIn, give rise to a
provision in the accounts, which is reviewed at the year end. The provision is increased to refiecl any increases in liaL7ililies
and is decreased by the utilisalion of any provision within the peri¢xt and reversed rf any provision is no longer requir￿.
These movements are charged or credited to the respective funds and athities Éo which the provision rel*es.
Volunteers
In accordance with the SORP, and in ￿nItion ofthe diftultEs in placing a monetsry value on the contribution from
volunteers, the contribution of volunteers is not induded within the income of the charity.
However, the trustees value the signifficant contribub'on made lo Ihe activities of the charity by unpaid volunteers and this
Is described more fully in Note 5.
Policies relating to assets. liabilities andprovisions andothermatters
Tangible fixed assets are rneasured at their original cost value, or Subsequent revaluation, or, rf donated, as described
abo￿. Cost value includes all the costs expended in bringing the asset into its intended working eond¢tion.
Depreciation has been provided at Ihe foltowing rates in order to write off the assets to their anticipated resKlual value
over their estimated useful lives.
Music, media and office equipment
Fumilure and fitbngs
Motor vehides
25 % straight line
25 % straighl line
25 % straight line
Debtors
Debtors are measured at their recoverable amounts at the balan￿ sh*t date.
Fund Accounting
Unrestricted funds are available for useatthe discretion of the trustees in frjrtheranceof the general objectives of the charity.
Restricted funds are subjected to restr￿li0￿S on thety expenditure imposed by the donor or through the temis of an appeal
or as impl¢ed by law.
2 Liabilityto taxation
The Iruslees considerthat the charity s8tisfEs the lests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK
corporatior* tsx PLtrposes_ According￿. the Charity is potentially exempt from taxation in iespect of income or capitsl gains
received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the faxalion of
Chargeable Gairts Act 1992, to the extent that suth income or gains are applied exclusNely on the specffic charitsble
objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity. and is
therefore. included in the relevant costs in the Statement of Financial Acbvibes.
19

GATEWAY MINISTRIES
Notes to the Accounts for the year ended 31 July 2024
3 Winding up or dissolution of the charity
If upon winding up or dissolution of Ihe charity there remain any assets. after the sab'sfaction ol all debts and liabilities, the
assets represented by the accumulated fund shau be transferred to some other charitable b¢JJy or bOd￿S having similar
objects lo the charity.
4 Critical accounting eS￿Matss and judgments
In the application of the charity's accounting policies, the Trustees are requitBd to make judgements, estimates and
assurnplions about the carrying amount of assets and liabilibes that are not feadily apparent from other sources. Thg
estimates ond associated assumptions are based on historical experience and other factors that are considered to be
relevant. Actual results may differ from Ihese esb"mates.
The estimates and underlying assumptKsns are reviewed on an ongoing basis. Revision to accounting estimates are
recognized in the period in whtth the estimate is revised where the revision affects only that ￿riod, or in the portcKI of
the revision and future periods where the revision affects both current arKI fuiufe periods.
5 Netsurplus beforn tax in the financial year
2024
2023
Unvaudited
(Re4tatedl
The net surplus before tax in the finana81 year is stated after charging:
Depreciation of owned fLxed assets
Pension costs
ststutory Audit Fee
23,073
3,042
7,200
16,531
2,201
6 The contribution of volunteers
The charity depends on the support of its volunteers, which is much appreciated. The church is grateful for the unslinling
efforts of ils volunteers who are involved in service provision, Offi￿ worf< and administration. It is estimated that over
19,500 volunteer hours were provided during 202312024. The arrangenEnts with volunteers are difficult to value precisely
in m¢netary terms and have not been recognised in the statement of financial activitBs. The volunteers and the chanty
accept and agree that no contract of empkjymenl is created by these arrangements.
7 Employees
The average monthly number ofemployees during the year was..
2024
Number
2023
Number
Total
8 Staff costs and emoluments
Un-audlted
{Re4tstedl
2023
2024
Salary Co¥ts
Gross salaries excluding trustees and key management ￿¥sOnnel
Employerfs national Insuran￿ for all staff
Employer's contribution to defined beneffit pension schemes
185,758
17,044
3,042
193,108
16,497
2,201
Total salarles. wages and related costs
205,844
211806
Neither the trustees nor any people connected with them have received any remuneration from Ihe charity or any related
enllty, either in the Current or prior year.
20

GATEWAY MINISTRIES
Notes to the Accounts for the year ended 31 July 2024
9 Tangible fixed assets
Music, media
and office
equlpment
Motor
vehicles
FumEture &
r￿Ing$
Totsl
Cost
At 1 August 2023
Additions
197,843
33,552
26,587
14,214
238,644
33,552
At 31 July 2024
231.395
26.587
14,214
272,196
Depreciation
Al 1 August 2023
Charge for the year
177,848
21.295
24,809
1.778
14,214
216,871
23,073
At 31 July 2024
199,143
26,587
14,214
239,944
31252
32,252
At 31 July 2023
19.995
1.778
21.773
10 Debtors
Debtor amounts falling due within one year
Un4udited
(Re4tstedl
2023
2024
Prepayments
Accrued Income
Other Debtor
7,523
45.765
181
53,469
7.557
37,505
45.062
Debtor amounts falling due after one year
Un4udlted
{Re4tated}
2023
2024
Rental deposil
5.985
5.985
5,985
11 Creditors.. amountfalling due within one year
Un-audited
IRe4tated)
2023
2024
Accruals
PAY, NIC, VAT and other taxes
Other creditors
7,200
5.928
4.263
17.391
5,893
21

GATEWAY MINISTRIES
Notes to the Accounts for the year ended 31 July 2024
12 Income and expenditure account sUmn￿ry
Un-audited
(Re-stated)
2023
2024
At 1 August 2023
SLtrplus after lax for the year
671.505
44.677
706.081
(34,5761
At 31 July 2024
716,182
671,505
13 Particulars of how particular funds are represented by assets and liabiltties
Unrestricted
funds
Deslgnatgd
funds
Total funds
Restricted funds
As at 31 July 2024
Tanglble Fixed
Assets
Current Assets
Current LiabIll￿eS
32.252
32,252
701,321
(17.391}
701.321
{17,3911
716,182
716,182
Unrestricted
funds
Un-audited
(Re-stated)
Deslgnatgd
funds
Un4udited
(Re-stated)
Re5tri¢ted fund5
Total funds
Un4udSted
{Re-Stated)
Un-audited
{Re-Statgd}
As at 31 July 2023
Tangible Flxed
Assets
Current Assets
Current Liabllltles
21.773
21,773
655.625
15,8931
655,625
(5.8931
671,505
671,505
14
Change in totsl funds overtheyearas shown in Note 12, analysed by
individual funds
Funds brought
forward from
2023
UrFaudited
(Re4tstedl
Adjustment
against
reserve
Funds carried
forward to 2025
Movemelrt in
funds in 2024
Unrestrlcted and designated funds."
Unrestricted revenue funds
671.505
44.677
716,182
Total unrestrictsd and designat
funds
671.505
44.677
716,182
Total charity funds
671.505
44.677
716.182

GATEWAY MINISTRIES
Notes to the Accounts for the year ended 31 July 2024
15 Analysi5 of movements in funds overtheyearas shown in Note 13
Income
Expenditure
2024
Other Gains &
Losses
2024
Movoment in
funds
2024
2024
Unrestricted and deslgnated funds...
Unrestricted T8venue funds
1.083,849
1,039,172
1.039,172
44,677
44,677
16 The purposes forwhich the funds
Unrgstrictedand designatedfunds."_
Unrestricted revenue funds
These funds are held for meetiro the objectives of the chaftty, and to provide
eThes for future actNities. and , subject to charity legisl81ion, are free from
all restriC￿nS on their use.
Restrictedfunds.".
Reslricled revenue fijnds
These funds are to be used for specffic purposes suth as specified within the
objects of the charity. Expenditure which meets these criteria will be identified
to the fund. together with a fair allocation of management and support costs.
17 Ultimate controlling party
The charity is under the control of its legal memt*rs.
18 Related Paty Transactions
During the year, £57.532 {£47.289 in 20231 was paKI to Citywall Associates Limited as lease rentsl forthe worship centre
al 10 Kennel Road. Crayford. DA1 4QN. under an oper8ting lease.
A director of Citywall Assoaates, Pastor Eddie Iduoze. also seNes as the Minisler-in-charge of Gateway Ministries.
However, our review found no transfer of economic benefft to any trustee. director, or officer of the ¢harity, in line with
IAS 24 Related Party Disclosure requiren*nts. Furthernore, the lessee from the year 201512016 has done substantial
improvement on the property, and these sums have been lully expended. There were no related party transactions during
the year other than the one disclosed at#)ve.
19 Un-audited financial statement
Last years comparab've financsal statements were un-audited.
20 Prior year Re-statement
The Company historically recognised Gift Aid tax reclaimed on qualfying donab'ons on a cash basi%A.e., upon receipt
as evidenced in bank ststements-even though income is accounted for on an accrual's basis in line with the Charities
SORP IFRS 102). A Grfi Atd tsx claim amounting to £37.505 relating lo the year ending 31 Juty 2023 should have been
accrued at that date. However. thts amount was not recognised as reCeN0b￿ or induded in income in the financial
slalements for that year.
The above error and omission has been corrected during the year gtving a retrospective effect on Fund Reselve and
receivable balances and the respective ￿mparatiVe figures have been restat&J accordingly.
As a result of prior period adjustment. Fund Reserye has increased by £37.505 and the Grant income re¢%ivable was
increased by £37.505 during Ihe year ended 31 July 2023. However, the Company re￿iVed the Grant Income on August
2023 and the respective Grant receivable balance has been realized during the year ended 31 July 2024.
This analysis is classrfied by conventional nominal descriptions and not by activity.
23

GATEWAY MINISTRIES
Detailed analysis of income and expenditure for the year ended 31 July 2024 as required by the SORP
2015
21 Donations and Gift aid
Current year
Unrestricted
funds
Current year
Restrictgd
funds
Current year
Total Funds
Prior year
Total funds
Un-audited
{Re-stated>
2023
2024
2024
2024
Donations from individuals
Grft Aid
Total Donatlons and gtfts from
indlvlduals
903,716
180.133
903,716
180,133
747,157
186,228
1.083,849
1.083.849
933.385
22 Expenditure on charitsble activities - Direct spending
Current year
Unrestrlcted
funds
Current year
Restricted
funds
Current year
Total Funds
Prlor year
Total funds
Un-audlted
(Re-stated)
2023
2024
2024
Gross wages and salaries -
charitable activities
Employers. Nl- Charitable
activities
Llefined benefit pension costs-
charitable activities
Travel and subsistence- Charilabie
activities
Marketing and advertising of
charitable services
Missions- Israel
Uganda
Singapore
- Lagos
Evangelism and promotion
Subcontractor c05t
Print and design
Events and meetings
Motor Expenses
Members welfare
Musician expenses
Gifts to charfÉies and visiti'ng
ministries
185.758
193,108
185.758
17,044
17.044
16,497
2,201
3.042
3,042
37.572
37.572
31,967
19.273
19,273
29,618
25,767
1,739
1.945
13.438
13,438
13,285
35,283
119,471
4.891
20.984
173,254
60.777
13.285
35.283
119,471
4,891
20.984
173,254
60.777
62,110
162,073
7,0
16,790
102,263
40,179
704.072
704.072
693,332
24

GATEWAY MINISTRIES
Detailed analysis of income and expenditure for the year ended 31 July 2024 as required by the SORP
2015
23 Support costs for charitable aclivitles
Current year Current year
Unrestricted Restricted
funds
fund$
Current year
Total funds
Prioryear
Totsl funds
Un￿ud￿ed
(Re-stated)
2024
2024
2024
2023
Employee costs notincludedin dI￿¢t
Training
Staff health ¢osts
Recruitment costs
1,215
2.582
6.127
1,215
1582
6,127
11,208
5,319
Premlses expenses
Rental and property lease
Rates and water charges
Premises repairs, renewals and maintenance
Storage and deaning
Other P￿miseS Costs
Propety insurance
New location gxpenses
106.209
4394
43.424
106,209
4394
43,424
3,226
9.623
1175
1.100
81912
4,153
18,557
3,451
28,510
1,734
9.623
2.175
1,11)0
Adminlstrative overheads
Telephone, fax and inteTnet
Insurance
Slalionery and printing
Security and safety
Cat8ring and refreshment
Lighting and heating
Website expenses
Sound and equipment hire
Computer supplies and sothre
Office expenses
Media expenses
Subscription
5.810
4.431
1.125
1.007
20.480
9,860
30,652
2,571
1,960
4.516
23.533
5,810
4.431
1.125
1,007
20,480
9.860
30.652
2.571
1.960
4.516
23.533
1.969
5,415
7,748
1,245
322
2,573
26,353
33,770
9,480
5,020
Pn)fessional fees paid to advisors other than
the auditor or examiner
Other legal and professional
10,811
10,811
3.536
FITnanelal costs
Bank charges
2.836
Depreciation
Depreciation for the period
23,072
23.072
16,531
Support Gosts before reallocatlon
324.708
324,708
271.129
Total support costs
324,708
324,708
271,129

GATEWAY MINISTRIES
Detsiled analysis of income and expenditure for the year ended 31 July 2024 as required by the SORP
2015
24 Other Expenditure- Governance costs
CuTrent year
Unrestricted
funds
Current year
Current year
Totsl funds
Prior year
Totsl fund
funds
Un-audlted
(Re-5tatedl
2023
2024
2024
2024
Independent gxamlnerfs fees
Accountancy Fees
Audlt Fees
9,500
7,200
16.7
16,700
25 Totsl Charilable expenditure
Current year
Unrestricted
Current
Restricted
funds
Current year
Total funds
Prlor year
Total fund
Un-auditgd
{Re-Statedl
2023
2024
2024
2024
Total direct spending
Total support costs
Totsl governance costs
704.072
324,708
16,7
704.072
324,708
16.7
693,332
271,129
3.5
Totsl charltable gxpendlture
1.045.480
1.045A80
Ai the expenditure in the prior year was unrestricted.
26 Exceptional Items
Current year
un￿StrICted
funds
Current year
Restricted
funds
Current year
Totsl funds
Prior year
Total fund
Un-audlted
(Rg-statedl
2023
2024
2024
2024
Exceptional Items
{6.3081
{6,3081
Total Exceptlonal Items
6.308
6.308
Exceptional items include the 8djustsment entries made for the opening balance difference in the cash and bank balan
amounting lo £111.5881. adjustment for the closing bank balance amounting lo £19121 and adjustment for the addib.onal entry
made in the fund reserve during the year amounting to £6.192.