Registered number: 5400985
Charlty number: 1111470
CITYGATE CHRISTIAN OUTREACH CENTRE
(A company Ilmlted by guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company Ilmlted by guarantee}
CONTENTS
Page
Reference and admlnlstratlve detalls of the Company. its Trustees and advlsers
Trustees. report
Trustees, responsibilities statement
Independent audltors, report on the financial statements
8-11
Consolidated statsment of flnanclal activities
12
Consolidated balance sheet
13-14
Company balance sheet
15-16
Consolldated ststement of cash flows
17
Notes to the financial statements
18-36

CITYGATE CHRISTIAN OUTREACH CENTRE
IA company Ilmlted by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Abimbola Akingbolagun
Cleo Amanda St Lewis {appointed 24 May 20231
Arthur William Russell (appointed 24 May 20231
Julian Melfi {resigned 14 June 20231
Alan Samways (resigned 14 June 2023)
Company registered number
5400985
Charlty registered number
1111470
Reglstered off ice
22 Rectory Road
Beckenham
Kent
BR3 1AA
Company secretsry
Mellissa Whittle
Independent auditors
Baldwin Scofield Limited
Chartered Accountants
Statutory Auditors
3 Newhouse Business Centre
Old Crawley Road
Horsham
West Sussex
RH12 4RU
Page 1

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together wth the audf(ed financial statements of the Citygate Christian
Outreach Centre (the Company) and together with its subsidiaries (the Group) for the year 1 April 2023 to 31
March 2024.
The Annual report serves the purposes of both a Trustees, report and a directors, report under company law.
The Trustees confirm that the Annual report and financial statements of the charitable company comply wth the
current statLrtory requirements, the requirements of the charitable company's governing document and the
provisions of the Statement of Recommended Practice ISORPI applicable to charities preparing their accounts
in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102)
(effective 1 January 2019).
Since the Group and Company qualify and small under section 383 of the Companies Act 2006, the Group
strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and
Directors, Report) Regulations 2013 has been omitted.
Objectives and activities
Pollcles and obJe¢tlves
The principal object of the Charity is to advance the Christian religion through worship, preaching and teaching of
Christian doctrine and principles, fellowship, and the distribution of Bible teaching in all forms of media and the
advancement of the Christian faith generally.
The Incorporated Charity's objects are..
The advancement of the Christian religion through worship, preaching and teaching of Christian doctrine
and principles, fellowship, and the distribution of Bible teaching in all of media, and the advancement of the
Christian faith generally.
The instruction and care of Christians including young people and children.
The evangelisation of non Christians.
The advancement of education on the basis of Christian principles and without prejudice to the generality of
the foregoing, the provision of such education in any educational establishment.
The relief of persons who are in conditions of need, hardship, poverty or distress or aged or sick.
In setting objectives and planning for activrties, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefrt, including the guidance 'Public benefit: running a
charrty IPB21'.
Strategies for achleving objectives
Citygate Christian Outreach Centre progresses these objectives directly through..
a) the running of a vibrant church communf(y.
bl through the printing of materials to educate and evangelise the public and members of all ages.
¢1 providing economic relief and other assistan￿ to persons experiencing hardships, povety or other conditions
of need.
Page 2

CITYGATE CHRISTIAN OUTREACH CENTRE
IA company limited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achievements and peiformance
Revlew of activities
The advance of the Christian religion through worship, preaching and teaching of Christian doctrine and
principles. fellowship, and the distribution of bible teaching in all media, and the advancement of the
Christian faith generally
Citygate Church has had another very healthy year in every way, and this has been indicated by both Sunday
attendance and membership again increasing significantly throughout the year with 219 new people registered
for our "Get Connected. course (formerly known as our Growth Trackl, which is an 'lntroduction to Cf(ygate
Church. four-week course. The restrictions on physical hall space has meant that we had to provide overftow
rooms for people until a third Sunday Service could be started to accommodate the growng number of Sunday
attendees. This third service started in February 2024 and is growing well with its own new congregation.
Citygate continues to focus on the growth of the church through teaching, preaching and pastoral care of both
Christians and the un-churchedlcommunity alike. During the year we started an "Alpha Course. for those
investigating the Christian faith from the local community. The first course was such a Suc￿ss, with maximum
attendance, that other courses are now planned and being staffed accordingly Other courses Citygate provide
are the "Financial Freedom" Course and Keys to Freedom courses. The financial freedom course, whilst not
providing professional financial advice, helps people understand how to manage and budget their own finances
in a healthy way. During the year 96 people attended the four-week Course. Keys to Freedom is an eight-week
course for men and women separately, helping them to stand free and live life in a healthy way.
Citygate Church continues to broadcast live-streamed Sunday services on the Internet which has been gratefully
received by many people across London and further afield, wth it now attracting its own 'online congregation.
engaged weekly
Attendan￿ at the Church services grew steadily throughout the year wrth our highest ever attendance at our
Christmas and Easter events and usual Sunday Services. Our greatest challenge is our lack of space to cater for
our growing numbers, but we have been actively involved with pursuing a new building we would ideally like to
purchase as soon as possible, providing us with Church facilities that would meet the needs ofthe congregation
and communrty for many years to come.
Venue 28 Icitygate's Community facilities) has continued to go from strength to strength providing many regular
community classes (dance, sport, children's clubs etc) as well as larger social events, community activities and
receptions
Page 3

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achievements and performance Icontinuedl
The instructlon and care of Chrlstians including young people and children
Razzle Dazzle is Citygate's community Toddler Group, which attracts over 200 children on a weekly basis. The
Group is well loved wthin the local com munity, and in addition to the three weekly sessions, hosts quiz nights
and film mornings for the Parents and Carers of the children. Crtygate Kids, which operates on Sunday mornings
alongside our Sunday Church seNices, has again grown and now attracts weekly around 160 children, and
serves to encourage and guide the children in Citygate Church in Christian values and principles. Citygate Youth,
for 11 to 18 year olds, operates on a Friday evening as a youth club for youth both in the Community and the
Church, and on a Sunday morning.
The evangelisation of non Christians
Citygate Church continues to do what we Can to encourage people to find faith in Jesus Christ, through our in-
person and online Sunday servi¢es, through relevant Church events and outreaches, and by encouraging people
to be a good Christian example in their everyday lives to the people around them.
The relief of persons who are in conditions of need, hardship, poverty or dlstress or aged or sick
The church continues to run an initiative which provides a food bank, both perishable and non-perishable, to
those most in need by partnering with the Council and local organisations.
Investment policy and performance
The Directors have the power to invest in such assets as they see fit. Excess funds during the year have been
deposited in the Charitvs bank accounts. During previous yeais, and at the start of this financial year, excess
funds had been invested for the financial I￿nefit of the charity.
Page 4

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Financial review
Going concern
After maknng appropriate enquiries. the Trustees have a reasonable expectation that the Company has adequate
resources to continue in operational existence for the foieseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concem basis can be found in the accounting policies.
Reserves policy
The Directors intend to reinvest funds into the development of the Church as they become available. Citygate is
a growing Church with strong, stable, and committed income and a healthy net funds position. Reserve funds
have previously been invested, but at the time of writing are now growing in our bank accounts as a healthy liquid
reserve of at least six months. core expenses.
structure, governance and management
Constitution
Citygate Christian Outreach Centre is registered as a charitable company limited by guarantee and was set up by
a Memorandum of Association on 29 June 2004.
Methods of appointment or election of Trustees
The management of the Group and the Company is the responsibility of the Trustees who are elected and co-
opted under the terms of the Articles of Association.
Organisational structure and declsion-maklng pollcles
The Directors of the Company also act as Trustees for the purpose of charity law and are authorised to appoint
additional Directors under the terms of the Articles of Association. The Company operates from premises in
Beckenham where the main church and offices are located. Decisions are made in a¢cordance with conditions
set out in the company's governing document.
Policies adopted for the induction and training of Trustees
New Directors are supplied with information published by the Charrty Commission on the resFJonsibilities and
expectations of those appointed to charity work. Latest accounts, previous minutes and statutory information are
provided and whatever interview time the new appointee requires wth other Directors or senior managers is
made available
Financial risk management
The Trustees have assessed the major risks to which the charitylcompany is exposed, in particular those related
to the operations and finances, and are satisfied that systems and prO￿dureS are in place to mitigate our
exposure to the major risks. The Trustees have taken steps to secure legal recovery of loans made for
investment purposes in previous years through a settlement agreement, the details of which are provided in note
25 to the financial statements.
Page 5

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company limlted by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Plans for future perlods
As a Church we are constantly considering how we can develop our operation and activities. The Church has
continued with a successful online presence, has developed a number of workshops and courses to help people
grow in their spiritual and personal lives, and regularly invests time into developing leaders for all aspects of
Chur¢h life for the years to come.
We are in discussions with the owners of a facility we would like to purchase, providing us with Church facilities
that would meet the needs of the congregation and community for many years to come.
Disclosure of information to audltois
Each ofthe persons who are Trustees at the time when this Trustees, report is approved has Confirmed that..
so far as that Trustee is aware, there is no relevant audit information of which the charitable group's
auditors are unaware, and
that Trustee has taken all the step5 that ought to have been taken as a Trustee in order to be aware of
any relevant audit information and to establish that the charitable group's auditors are aware of that
information.
Auditors
The auditors, Baldwin Scofield Limtted, have indicated their willingness to continue in office. The designated
Trustees will propose a motion reappointing the auditors at a meeting ofthe Trustees.
Approved by order of the members of the board of Trustees on 7 August 2024 and signed on their behalf by..
Cleo Amanda St Lewls
(Chair of Trustees)
Page 6

CITYGATE CHRISTIAN OUTREACH CENTRE
IA company limited by guarantee)
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees (who are also the directors of the Company for the purposes of company lawl are responsible for
preparing the Trustees, report and the financial statements in accordance with applicable law and United
Kingdom A¢¢ounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of
the state of affairs of the Group and the Company and of their incoming resources and application of resources,
including their income and expenditure. for that period. In preparing these financial statements, the Trustees are
required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles ofthe Charities SORP IFRS 102).,
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards {FRS 1021 have been followed, subject to any material
departures disclosed and explained in the financial statements".
prepare the financial statements on the going Goncern basis unless it is inappropriate to presume that the
Group will continue in txjsiness.
The Trustees are responsible for keeping adequate a¢¢ounting records that are sufficient to show and explain
the Group and the Company's transadions and disclose wth reasonable accuracy at any time the financial
position ofthe Group and the Company 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 Group and the Company and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 7 August 2024 and signed on its behalf by..
Cleo Amanda St Lewis
(Chair of Trustees)
Page 7

CITYGATE CHRISTIAN OUTREACH CENTRE
IA company limited by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF CITYGATE CHRISTIAN OUTREACH
CENTRE
Opinion
We have audited the financial statements of Citygate Christian Outreach Centre (the 'parent charitable
companVI and its subsidiaries (the 'Group') for the year ended 31 March 2024 which cornprise the Consolidated
statement of financial activities, the Consolidated balance sheet, the Company balance sheet, the Consolidated
statement of cash flows and the related notes, including a summary of significant accounting policies_ The
financial reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable
in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the Group's and ofthe parent charitable company's affairs as at 31
March 2024 and of the Group's incoming resources and application of resources, including its income and
expenditure for the year then ended.,
have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requirements ofthe Charities Act 2011.
Basis for opinion
We ¢ondu¢ted our audit in accordance wth International Standards on Auditing IUKI IISAS IUKI) and applicable
law. Our responsibilities u nder those standards are further described in the Auditors, responsibilities for the audrt
ofthe financial statements section of our report. We are independent of the Group in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the United Kingdom, including the
Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordan￿ with these requirements. We believe that the audit evidence we have obtained is suffi'cient and
appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In audits'ng the financial statements, we have concluded that the Trustees, use of the going con￿rn basis of
a¢¢ounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the Group's or the paient charitable
companys ability to continue as a going concem for a period of at least ￿1ve months from when the financial
statements are authorised for Issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the
relevant sections of this report.
Page 8

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company limited by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF CITYGATE CHRISTIAN OUTREACH
CENTRE (CONTINUED)
other Information
The other information comprises the information included in the Annual report other than the financial statements
and our Auditors, report thereon. The Trustees are responsible for the other information contained within the
Annual report. Our opinion on the financial statements does not cover the other information and, except to the
extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our
responsibility is to read the other information and, in doing so, consider whether the other information is
materially inconsistent with the financial statements or our knoWedge obtained in the course of the audit, or
otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether this gwes rise to a material misstatement in the financial
statements themselves. If, based on the work we have performed, we condude that there is a material
misstatement ofthis other information, we are required to report that fa¢t.
We have nothing to report in this regard.
Matters on whlch we are required to report by exception
We have nothing to report in respect of the followng 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
statements., or
the parent charitable company has not kept sufficient accounting records,. or
the parent charitable company financial statements are not in agreement with the accounting records and
returns., or
we have not received all the information and explanations we require for our audit.
Responslblllties 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 determine is necessary to enable the preparation of financial 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 Group's and the parent
charitable company's ability to continue as a going concern, disclosing, as applicable. matters related to going
concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group
orthe parent charitable company or to cease operations, or have no realistic alternative bLrt to do so.
Page 9

CITYGATE CHRISTIAN OUTREACH CENTRE
IA company Ilmlted by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF CITYGATE CHRISTIAN OUTREACH
CENTRE ICONTINUED)
Auditors, responsibilities for the audlt of the financial statements
We have been appointed as auditor under section 151 of the Charities Act 2011 2nd report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance atK)ut whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an Auditors, report that includes our
opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audrt conducted in
accordan￿ wrth ISAS IUKI will always detect a 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 ofthese financial statements.
Irregularities, including fraud, are InStan￿S of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities,
including fraud. The extent to which our procedures are capable of detecting irregularities. induding fraud is
detailed below.
We obtained an understanding of the legal and regulatory frameworks that are applicable to the Group and
determined that the most significant are those that relate to the reporting framework in conformity wth the
requirements of the Companies Act 2006, Charities Act 2011 and the relevant direct and indirect tax compliance
regulations in the United Kingdom.
We understood how Citygate Christian Outreach Centre is Complying wf(h those frameworks by making
enquiries of management to understand how the Group maintains and communicates its policies and
procedures in these areas and corroborated this by reviewing supporting documentation and minutes of
meetings of those charged with governance.
We assessed the susceptibility of the Group's financial statements to material misstatement, including how fraud
might occur by considering the risk of management override to be a fraud risk. In addition, we considered the
risk of management override by sam pling from the entire population of journals, identifying specific transactions
which did not meet our expectations based on specific criteria and investigated these to gain an understanding
and then agree back to source documentation.
Based on this understanding we designed our audit procedures to identify noncompliance with such laws and
regulations. Our procedures involved verifying that material transactions were recorded in compliance with
Financial Reporting Standards in conformrty w-rth the requirements of the Companies Act 2008, the Charities Act
2011 and the charity SORP.
A further description of our responsibiltties for the audit of the financial statements Is located on the Financial
Reporting Council's website at. wMw.frc.or
. uklauditorsres
onsibi5ities. This description forms part of our
Auditors. report.
Page 10

CITYGATE CHRISTIAN OUTREACH CENTRE
(A Company limited by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF CITYGATE CHRISTIAN OUTREACH
CENTRE ICONTINUED)
Use of our report
This report is made solely to the charitsble company's trustees, as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state
to the charitable company's trustees those matters we are requiied to state to them in an Auditors. report and for
no other purpose. To the ftjllest extent permitted by law, we do not accept or assume responsibility to anyone
other than the charitable company and its members, as a body, for our audit work, for this report, or for the
opinions we have formed.
Baldwin Scofield Limited
Chartered Accountants
statutory Audttors
3 Newhouse Business Centre
Old Crawley Road
Horsham
West Sussex
RH12 4RU
7 August 2024
Baldwin Scofield Limited are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
Page11

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company limited by guarantee)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND
EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
fvnds
2023
Note
Income from:
Donations and legacies
Charitable activities
7,940
1,556.249
73,257
389,160
12,436
588
1.564.189
73.257
389.160
12.436
1.287. 364
67.4t8
290.622
2.It8
other trading activities
Investments
other income
Total income
7,940
2,031,690
2.039,630
1,647,522
Expenditure on:
Raising funds
Charitable activities
321,367
1,354,676
321.367
1,354.676
339, 003
1,160,510
Total expenditure
1,676.043
1,676,043
1,499,513
Net movement in funds
7,940
355,647
363,587
148,009
Reconciliation of funds:
Total funds brought forward
Net movement in funds
5,481,167
355,647
5.481.167
363,587
5,333, 158
148,009
7,940
Total funds carrled forward
7,940
5,836,814
5,844.754
5.48t, 167
The Consolidated statement of financial activities includes all gains and losses recognised in the year
The notes on pages 18 to 36 form part of these fi'nancial statements.
Page 12

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company limited by guarantee)
REGISTERED NUMBER: 5400985
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Tangible assets
13
5,708,969
5. 805, 451
5,708,969
5, 805,451
Current assets
Debtors
Cash at bank and in hand
15
689.829
1.138,968
931, 822
497, 822
1,828,797
1,429,644
Creditors.. amounts falling due within one
year
16
1138,746)
(156, 396)
Net current assets
1,690,051
1,273,248
Totsl assets less current liabilities
7,399.020
7, 078, 699
Creditors.. amounts falling due after more
than one year
17
(1,554,266
(1, 597, 532)
Total net assets
5,844,754
5,481,167
Charlty funds
Restricted funds
Unrestricted funds
19
7.940
5.836.814
19
5,481,167
Total funds
5,844,754
5.481.167
The Company was entitled to exemption from audit under section 477 ofthe Companies Act 2006.
The members have not required the entrty to obtain an audit for the year in question in accordance with section
476 ofthe Companies Act 2006.
However, an audit is required in accordance wf(h section 151 ofthe Charities Act 2011.
The Trustees acknO￿edge their responsibilities for complying wrth the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared In accordance with the provisions applicable to entities subject lo
the small companies regime.
Page 13

CITYGATE CHRISTIAN OUTREACH CENTRE
IA company limited by guarantee)
REGISTERED NUMBER: 5400985
CONSOLIDATED BALANCE SHEET ICONTINUEDI
AS AT 31 MARCH 2024
The financial statements were approved and aLrthorised for issue by the Trustees on 07 August 2024 and signed
on their behalf by.
Cleo Amanda St Lewis
(Chair of Trustees)
The notes on pages 18 to 36 form part ofthese financial statements.
Page 14

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company limited by guarantee)
REGISTERED NUMBER: 54(H)985
COMPANY BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Tangible assets
Investments
13
5,705,669
11
5. 801. 824
11
14
5.705.680
5. 801, 835
Current assets
Debtors
15
1.005.708
1,118.469
1.311,146
482.939
Cash at bank and in hand
2,124,177
1. 794.085
Creditors.. amounts falling due wthin one
year
16
{90,573)
(82, 382)
Net current assets
2,033,604
1, 711, 703
Total assets less current liabilities
7,739,284
7,513,538
Creditors.. amounts falling due after more
than one year
17
(1,541,766)
(1,575. 032)
Total net assets
6,197.518
5, 938.506
Charity funds
Restricted funds
Unrestricted funds
19
19
6.197,518
5,938,506
Total funds
6.197.518
5.938. 506
The Company's net movement in funds for the year was r259,012 (2023- £(17.349)).
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the entr(y to obtain an audit for the year in question in accordance wth section
476 of the Companies Act 2006.
However, an audit is required in accordan￿ with section 151 ofthe Charities Act 2011.
The Trustees acknowledge their responsibilities for complying wtth the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordan￿ with the provisions applicable to entities subject to
the small companies regime.
Page 15

CITYGATE CHRISTIAN OUTREACH CENTRE
IA company Ilmlted by guarantee)
REGISTERED NUMBER: 5400985
COMPANY BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
The financial statements were approved and authorised for issue by the Trustees on 07 August 2024 and signed
on their behalf by..
Cleo Amanda St Lewis
(Chair of Trustees)
The notes on pages 18 to 36 form part of these financial statements.
Page 16

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company limited by guarantee
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Cash flows from operatlng actlvlties
Net cash from operating activities
706.426
266. 724
Cash flows from investing activities
Purchase of tangible fixed assets
(12,759)
(44. 887)
Net cash from investing activities
(12,759)
144,887)
Cash flows from financing activities
Repayments of borrowing
(52.521)
(72. 944)
Net cash from financing actlvlties
(52,521)
(72.944)
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning ofthe year
641,146
148,893
497,822
348, 929
Cash and cash equivalents at the end of the year
1,138,968
497,822
The notes on pages 18 to 36 form part ofthese financial statements
Page 17

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General informatlon
Crtygate Christian Outreach Centre is a company limrted by guarantee incorporated in England & Wales
on 22 March 2005 by under Memorandum and Articles of Association wth company registration number
05400985. Other Company information can be found on page 1.
A￿OUntIng policies
2.1 Basls of preparation of financial statements
The financial statements have been prepared in accordance with the Chaflties SORP {FRS 1021
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities
preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006.
Citygate Christian Outreach Centre meets the definf(ion of a public benefrt entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwse
stated in the relevant accounting policy.
The consolidated statement of financial actwities {SOFAI and consolidated balance sheet consolidate
the financial statements of the Company and its subsidiary undertakings. The results of the
subsidiaries are consolidated on a line by line basis.
The Company has taken advantage of the exemption allowed under section 408 of the Companies
Act 2006 and has not presented rts own Statement of financial activities in these financial statements.
2.2 Income
All income is recognised once the Group has entitlement to the income, it is probable that the income
wll be received and the amount of income recewable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Page 18

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
2.3 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 be￿een those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the bas15 of time spent, and depreciation
charges allocated on the portion ofthe assevs use.
Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for its
charitable purposes and includes Costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Group's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Interest recelvable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Group,. this is normally upon notification of the interest paid or payable by the instr(ution
wth whom the funds are deposited.
2.5 Tanglble flxed assets and depreciation
Tangible fixed assets costing £1,000 or more are capitalised and recognised when fLrture economic
benefits are probable and the cost or value of the asset can be measured reliably.
Property fixed assets are initially recognised at cost. After recognrtion, under the revaluation model,
tangible fixed assets whose fair value can be measured reliably shall be carried at a revalued
amount, being their fair value at the date of revaluation less any subsequent accumulated
depreciation and subsequent accumulated impairment losses.
Revaluations are made wth sufficient regularity to ensure that the carrying amount does not differ
materially from that which would be detertnined using fair value at the end of the reporting date.
Fair values are determined from market-based evidence by appraisal that is normally undertaken by
professionally qualified valuers. If there is no market-based evidence of fair value because of the
specialised nature of the tangible fixed asset and it is rarely sold, except as part of a contributing
business, the Company may need to estimate fair value using an income or depreciated replacement
cost approach.
Gains and losses on revaluation are recognised in the consolidated statement of financial activities.
with a separate revaluation reserve being shown in the Statement of funds note.
othe tangible fixed assets are initially recognised at Cost. After recognition, under the Cost model,
tangible fixed assets are measured at cost less accumulated depreciation and any accumulated
impairment losses. All Costs incurred to bring a tangible fixed asset into its intended working condition
should be included in the measurement of cost.
Page 19

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies Icontlnued)
2.5 Tangible fixed assets and depreciation Icontinued)
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases..
Freehold property
Long-term leasehold property
Plant and machinery
Fixtures and fittings
Office equipment
Not depreciated
Over the term of the lease
250/0 Straight line
250/0 Straight line
200A straight line
2.6 Investments
Fixed asset investments are a form of financial instrument and are initia15y recognised at their
transaction cost and subsequently measured at fair value at the balance sheet date, unless the value
cannot be measured reliably in which case it is measured at cost less impairment. I nvestment gains
and losse5, whether realised or unrealised, are combined and presented as 'Gainsl{Lossesl on
investments, in the consolidated statement of financial activities.
Investments in subsidiaries arè valued at cost less provision for impairment.
2.7 Debtors
Trade and other debtors are reccgnised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and In hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of a¢quisrtion or opening of the deposit or similar account.
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Group anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Consolidated statement of financial activrties as a
finance cost.
2.10 Financial instruments
The Group only has financial assets and financial liabilities of a kind that quality as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and sutsequently
measured at their settlement value wrth the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
Page 20

CITYGATE CHRISTIAN OUTREACH CENTRE
IA company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continuedl
2.11 Pensions
The Group operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Group to the fund in respect of the year
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Group and which have not been designated for other
purposes.
Restricted funds are funds which are to be used in accordance wth spe￿tiC restrictions imposed by
donors or which have been raised by the Group for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donations and legacies
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Donations
7,940
1,556,249
1.564,189
Unrestricted
funds
2023
Total
fvnds
2023
Donations
1,287.364
1.287.364
Income from charitable activities
UnrestTiCted
funds
2024
Total
funds
2024
Income from charrtable activities - Church events
73,257
73.257
Page 21

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from charitable activities (continued)
Unrestricted
funds
2023
Tot81
fvnds
2023
Income from charitable activities - Church events
67.418
67,418
Income from other trading activities
Income from non charltable trading activities
Unrestrlcted
funds
2024
Total
funds
2024
Charity trading income - venue rental
Sales of goods at events
325,018
64,142
325.018
64,142
389,160
389,160
Unrestricted
funds
2023
Total
fvnds
2023
Charty trading income - venue rental
Sales ofgoods at events
210,654
79,968
210,654
79, 968
290, 622
290, 622
Page 22

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Investment income
Unrestricted
funds
2024
Total
funds
2024
Investment income
12,159
277
12,159
277
Interest receivable
12,436
12,436
Unrestricted
funds
2023
Total
funds
2023
Investment income
Interest receivable
1.937
t81
1,93T
181
2,118
2.t18
Other incoming resources
Unrestricted
funds
2024
Total
funds
2024
Total
fvnd8
2023
Other operating income
588
588
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2024
Total
2024
Charitable activities
1,354,676
1,354,676
Page 23

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysls of expenditure on charitable activities (contlnued)
Summary by fund type {continued)
Unrestricted
funds
2023
Total
2023
Charitable activities
1,160,510
1,160.510
Analysis of expendlture by a¢tlvltles
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Charitable activities
442,461
912,215
1.354,676
Activities
undertaken
directly
2023
Support
costs
2023
Total
ftinds
2023
Charitable activities
331,460
829, 050
1,160,510
Page 24

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company Ilmlted by guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of 8XP8nditure by actlvltles (contlnued)
Analysis of direct costs
Church
operations
2024
Total
funds
2024
Church hosting
Premises costs
Ministry and pastoral costs
Media costs
Studio costs
Camp and conference costs
Youth and children's work
Giving
92,057
172,137
89,747
18.262
921
3,235
23,018
43.084
92,057
172,137
89,747
18,262
921
3,235
23.018
43.084
442,461
442,461
Church
operations
2023
Total
funds
2023
Church hosting
Premises costs
Ministy and pastoral costs
Media costs
Studio costs
Camp and conference costs
Giving
100, 128
81,086
94,101
24, 125
3,172
2,268
26.580
100.128
81.086
94.101
24, 125
3,172
2.268
26,580
331.460
331.460
Page 25

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company limited by guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysls of expendlture by activities (continued)
Analysis of support costs
Support
actlvltles
2024
Total
funds
2024
Staff costs
Depreciation
Printing. post and stationery
Insurance
Telephone and internet
Computer costs
Professional fees
Bank and cardnet charges
Bank interest
Other expenses
504,351
107,874
8,054
18,683
13,820
2,240
74,057
39,277
122,732
23,327
504,351
107,674
8.054
16.683
13,820
2,240
74.057
39,277
122,732
23,327
912,215
912.215
Support
activities
2023
Total
funds
2023
Staff costs
Depreaation
Printing, post and stationery
Insurance
Telephone and internet
Computer costs
Professional fees
Bank and cardnet charges
Bank interest
Other expenses
444, 738
105,378
5, 302
15,443
12,360
8,575
99, 594
35, 459
82,398
19,803
444. 738
105,378
5,302
15,443
12,360
8,575
99,594
35,459
82,398
19,803
829, 050
829,050
Page 26

CITYGATE CHRISTIAN OUTREACH CENTRE
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10.
Auditors. remuneration
2024
2023
Fees payable to the Companys auditor for the audit of the Company's
annual accounts
8,700
8, 500
staff costs
Group
2024
Group
2023
Company
2024
Company
2023
Wages and salaries
Social securrty costs
ContribLrtion to defined contribution pension
schemes
516,302
47,065
473, 996
48,632
437,620
40,036
380,842
39,371
31,679
26.851
26,695
24, 525
59S,046
549,479
504,351
444, 738
The average number of persons employed by the Company during the year was as follows..
Group
2024
Group
2023
Company
2024
Company
2023
No.
Church and administration
Venue hire operations
13
11
13
11
16
18
13
The number of employees {see details below) whose employee benefi'ts {excluding employer pension
costs) exceeded £60,000 was..
Group
2024
No.
Group
2023
In the band £100,001-£110,000
Julian Melfi, a trustee until 14 June 2023, and his wife Sharon are both employed as pastors of the
church. Their total remuneration including salary, rent and utilities on the manse provided come to a total
of £106,58012023.' £107,776) which has been disclosed in the banding above. The pension contribution
is £14,40012023- £14,400) per annum.
12. Trustees. remuneration and expenses
During the year, no Trustees other than those disclosed above in note 10 re￿iVed any remuneration or
other benefits (2023 - £NIL).
Page 27

CITYGATE CHRISTIAN OUTREACH CENTRE
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12. Trustees, remuneration and expenses (continued)
During the year ended 31 March 2024, expenses totalling £NIL were reimbursed or paid directly to
Trustee (2023 - £14, 707 to l Trustee). Last year these were charitable expenses incurred by the trustee
on behalf of the charity in respect of travel and subsistence costs and reimbursed accordingly.
13. Tangible fixed assets
Group
Long-term
Freehold leasehold
Plant and
Fixtures
Office
property
property machinery and fittings equipment
Total
Cost or valvatlon
At 1 April 2023
Additions
5,220,000
808,872
226.049
9.087
210,475
2,432
3,687 6.469.083
1,240
12.759
At 31 March 2024
5,220,000
808.872
235,136
212.907
4,927
6,481,842
Depreciation
At 1 April 2023
Charge for the year
354,571
40.442
127,978
54,304
178,203
13,868
2,880
627
663,632
109,241
At 31 March 2024
395,013
182,282
192,071
3,507
772,873
Net book value
At 31 March 2024
5,220.000
413.859
52.854
20,836
1.420
5.708.969
At 31 March 2023
5.220, 000
454,301
98.071
32,272
807 5. 805.451
Company
Long-term
leasehold
property
Freehold
pioperty
Plant and Fixtures and
machinery
fittings
Total
Cost or valuation
At 1 April 2023
Additions
5.220,000
808,872
226.049
9,087
205,775
2,432
6.460.696
11.519
At 31 March 2024
5,220,000
808,872
235.136
208,207
6,472.215
Page 28

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
13. Tanglble fixed assets {continued)
Company (continued)
Long-term
leasehold
property
Freehold
property
Plant and Fixtures and
machinery
fittings
Total
Depreciation
At 1 April 2023
Charge for the year
354.571
40.442
127,978
54,304
176,323
12.928
658,872
107,674
At 31 March 2024
395,013
182,282
189,251
766,546
Net book value
At 31 March 2024
5,220.000
413,859
52,854
18.956
5.705,669
At 31 March 2023
5,220.000
454. 301
98,071
29, 452
5. 801, 824
The properties owned by the charity were revalued by Michael Yianni MRICS and Zain Ahmad MRICS for
and on behalf of Belleveue Mortlakes, Chartered Surveyors on 21 June 2021. The directorsrtrustees of
the Charity are of the opinion that the valuation is not materially different to the market value at 31 March
2024.
The Group has adopted a policy of revaluation for tangible fixed assets. Had these assets been
measured at historic cost, the carrying valLses would have been as follows..
Group
2024
Group
2023
Company
2024
Company
2023
Freehold property
Accumulated depreciation
3,544,835
(820,888)
3, 544, 835
(749, 991)
3,544,835
1820,888)
3. 544, 835
(749, 991)
2,723,947
2, 794, 844
2,723,947
2, 794, 844
Page 29

CITYGATE CHRISTIAN OUTREACH CENTRE
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14.
Fixed asset investments
Investments
in
subsidiary
companies
Company
Cost or valuation
At 1 April 2023
11
At 31 March 2024
11
Net book value
At 31 March 2024
11
At 31 March 2023
11
Principal subsidiaries
The following were subsidiary undertakings ofthe Company..
Names
Company
number
Registered office or principal Principal activity
place of business
V28 Ltd
10081260
22 Rectory Road, Beckenham,
Kent, BR3 1JA
22 Rectory Road, Beckenham,
Kent, BR3 1JA
Letting operations
Citygate Property Holdings Ltd
09817830
Developing building
projects
Class of
shares
Holdlng
Included in
consolidation
Ordinary
100% Yes
Ordinary
100% Yes
The financial results of the subsidiaries for the year were..
Names
Income
Expenditure
Profitl{Loss)
I Surplusj
(Deficit) for
the year
Net assets
V28 Ltd
Ctygate Property Holdings Ltd
389,437
36,505
(321,283)
(84)
68.154
36.421
1353.021)
268
Page 30

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15.
Debtors
Group
2024
Group
2023
Company
2024
Company
2023
Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
13.622
9.908
2.601
326,900
657.121
19.086
390. 834
920,312
657.121
19.086
92t.gt4
689,829
931.822
1.005.708
1.311,146
Included within other debtors due within one year is a loan to an individual amounting to £635,450 (2023-
£915,450). The main conditions are as follows..
The loan was repayble on 60 days notice, bearing interest at 100h per annum and unsecured. In 2022
noti￿ to repay the loan was given and the individual was unable to repay the loan on 60 days notice.
Iln November 2023, the charity and the individual entered into a settlement agreement with respect to the
outstanding amounts and the interest that will accrue to the loans. The settlement agreement provides for
a second charge on assets owned by company's controlled by the individual and sets out repayment
terms.
As at the date of thB report, sums amounting to £582,340 (2023.. £240,000) have been repaid and the
terms of the settlement agreement have been kept. As a result. the trustees are of the opinion, wth which
the auditors concur, that the loan will be repaid in accordance with the settlement agreement by 31
October 2024. The charitvs total exposure to amounts that may be non-recoverable totals £333,110
12023.. £675,450) at the date of the approval ofthese financial statements.
16. Creditors: Amounts falling due within one year
Group
2024
Gn)up
2023
Company
2024
Company
2023
Bank loans
other loans
52,522
232
61.777
42.522
232
51.777
Trade creditors
28,432
18.584
9,946
16.727
12.303
16.394
56.231
4.117
9,817
8,000
17,883
10.874
7,718
8. 839
9.649
4,117
othertaxation and social security
Pension contributions payable
other creditors
Accruals and deferred income
11,344
138,746
156,396
90,573
82, 382
The mortgage loans are secured on the charity's freehold properties at 22 Rectory Road, Beckenham,
BR3 1AA and 2 Beckenham Road, Beckenham, BR3 4LR.
Page 31

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
17.
Credltors: Amounts falling due after more than one year
Group
2024
Group
2023
Company
2024
Company
2023
Bank loans
1,554,266
1.597. 532
1,541,766
1.575, 032
Included within the above are amounts falling due as follows:
Group
2024
Group
2023
Company
2024
Company
2023
Between one and two years
Bank loans
55,021
61,777
42.521
51,777
Between two and five years
Bank loans
100,063
150,332
100,063
137,832
Over five years
Bank loans
1,399,182
1,385,423
1,399,182
1,385,423
The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the
reporting date is.
Group
2024
Group
2023
Company
2024
Company
2023
Payable or repayable by instalments
1.399.182
1,385,423
1,399,182
1,385, 423
1.399,182
1,385,423
1,399,182
1.385,423
The mortgage loans are secured on the charitls freehold properties at 22 Rectory Road, Beckenham,
BR3 1AA and 2 Be¢kenham Road, Beckenham, BR3 4LR.
18.
Flnancial instruments
Group
2024
Group
2023
Company
2024
Company
2023
Flnanclal assets
Financial assets measured at fair value
through income and expenditure
1,138,968
497.822
1,118,469
482,939
Financial assets measured at fair value through income and expenditure c£Jmprise balances held at bank.
Page 32

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ststement of funds
statement of funds - current year
Balance at
31 March
2024
Balance at 1
April 2023
Income Expenditure
Unrestricted funds
General fund
5.938.507
(457.340)
1.605,748
425,942
(1,354,676)
{321,367)
6,189.579
1352.765)
Subsidiary reserves
5,481,167
2,031,690 {1,676,043)
5.836,814
Restricted funds
Building fund
7,940
7,940
Total of funds
5.481,167
2,039,630 (1,676,043)
5,844,754
ststement of funds - prior year
Balance at
31 March
2023
Balan￿ at
1 April 2022
Income Expenditure
Unrestricted funds
General fund
Subsidiary reserves
5.955. 856
(622. 698)
1, 143,342 (1, 160,691)
504, 180
(338, 822)
5, 938, 507
(457,340)
5,333, 158
1.647.522 (1.499,513)
5,481. 167
Restricted funds
Building fund - The building fund has been established to accumulate funds for the purpose of buying
additional premises for the use of the charity.
Page 33

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company limited by guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20. Summary of funds
Summary of funds - current yeai
Balance at
31 March
2024
Balance at 1
April 2023
Income Expenditure
General funds
5,481,167
2,031,690 (1,676,043)
7,940
5,836,814
7,940
Restricted funds
5.481.167
2,039,630 (1,676.043} 5,844,754
Summary of funds - prlor year
Balance at
31 March
2023
Balan￿ at
1 April 2022
Income Expenditure
General funds
5,333, 158
1,647,522 (1,499,5t3)
5,481, 167
21 . Analysis of net assets between funds
Analysis of net assets between funds - current period
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
5,708,969
5,708,969
1,820,857
1,828,797
1138,7461
{138,7461
(1,554,266) (1,554,266)
7,940
Total
7,940
5,836,814
5,844,754
Page 34

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
21. Analysls of net assets between funds (continued)
Analysls of net assets between funds - prior period
Unrestricted
funds
2023
Total
ftinds
2023
Tangible fixed assets
Current assets
Creditors due wthin one year
Creditors due in more than one year
5, 805.451
5, 805.451
1.429. 644
1.429.644
(156.396)
(156. 396)
(1.597. 532) (1.597. 532)
Total
5,481. 167
5.481. 167
22.
Reconciliation of net movement in funds to net cash flow from operating activities
Group
2024
Group
2023
Net income for the period las per Statement of Financial Activities)
363,587
148,009
Adjustments for:
Depreciation charges
Decrease in debtors
Decrease in creditors
109,241
241,993
(8.395)
106.808
28. 082
(16.175)
Net cash provided by operating activities
706,426
266, 724
23. Analysis of cash and cash equivalents
Group
2024
Group
2023
Cash in hand
1.138.968
497. 822
Total cash and cash equivalents
1,138.968
497. 822
Page 35

CITYGATE CHRISTIAN OUTREACH CENTRE
(A company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
24. Analysis of changes in net debt
At 1 Aprll
2023 Cash flows
At 31 March
2024
Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year
497,822
165.8941
{1,597.5321
641,146
1,138,968
3,194
(62,7001
43,266 (1,554,266)
(1,165,604)
687,606
(477,9981
25.
Pension commitments
The group operates a defined contribution pension scheme. The assets of the scheme are held separately
from those of the group in an independently administered fund. The pension cost charge represents
contributions payable by the group to the fund and amounted to £31,679 12023 £26,851) Pension
Contri￿tiOnS of £9,948 12023= £4,177) were payable to the fund at the balance sheet date and are
included in creditors.
Page 36