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← Citygate Christian Outreach Centre

2025-03-31-accounts

Registered number: 5400985 Charity number: 1111470

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Trustees and advisers 1
Trustees' report 2 - 6
Independent auditors' report on the financial statements 7 - 10
Consolidated statement of financial activities 11
Consolidated balance sheet 12 - 13
Company balance sheet 14 - 15
Consolidated statement of cash flows 16
Notes to the financial statements 17 - 35

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees

Abimbola Akingbolagun Cleo Amanda St Lewis Arthur William Russell Nicolette Myrie (appointed 17 June 2025) Jason Pitter (appointed 17 June 2025)

Company registered number

5400985

Charity registered number

1111470

Registered office

22 Rectory Road Beckenham Kent BR3 1AA

Company secretary

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 2025

The Trustees present their annual report together with the audited financial statements of the Citygate Christian Outreach Centre for the year 1 April 2024 to 31 March 2025. 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 with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the group and the Company qualify as 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

Policies and objectives

The Charity’s objects are:

a) 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 forms of media, and the advancement of the Christian faith generally;

b) the instruction and pastoral care of Christians including young people and children;

c) the evangelism of non-Christians;

d) the advancement of education on the basis of Christian doctrine and principles and without prejudice to the generality of the foregoing the provision of such education in any educational establishment; and,

e) the relief of persons who are in conditions of need including those experiencing financial hardship, poverty or who are need because they are aged or sick.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Strategies for achieving objectives

Citygate Christian Outreach Centre progresses these objectives directly through: a) the running of a vibrant church community;

b) through the publishing of materials to educate and evangelise the public and members of all ages; and, c) providing economic relief and other assistance to persons experiencing hardships, poverty or other conditions of need.

Activities undertaken to achieve objectives

The Charity operates as a local church, and as such has numerous activities in operation. These include, Sunday services, women’s and men’s groups, conferences and evangelistic outreaches, youth groups, young adult groups, kids church, toddler groups, a food bank and localised “Small Groups” for church partners to gather during the week.

Social investment policies

The Charity invests it’s services into equipping people with adequate Bible knowledge in order to strengthen, amongst other things, family and marriage relationships, to equip children and youth with life and social skills, and to help people manage their finances in a healthy way.

Page 2

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

Objectives and activities (continued)

Volunteers

As a local church, the Charity operates substantially through volunteers serving in many areas of church life. We currently have over 350 people committed to serving on one or more of over 60 teams or Small Groups in the Church. Volunteers are assessed according to the experience and ability in any given area, and trained as necessary to fulfil the task in hand.

Achievements and performance

Key performance indicators

There are a number of indicators that help us assess the health of the charity. These include growing Sunday attendance; the number of people coming to faith in Jesus Christ and being discipled; the attendance to various life-skill programs and their on-going affect; and the financial income of the Charity and the net asset position.

Review of activities

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 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 over 550 new people added to the Church and 219 new people registered for our “Get Connected” course, which is an “Introduction to Citygate Church” four-week course. The restrictions on physical hall space together with the significant growth of the Church has meant that following the launching of a 3rd weekly Sunday service at 5pm in February 2024, we had to unexpectedly start a 4th Sunday service in the morning in Nov 2024. This meant we had to re-structure how we run our morning services by increasing volunteer teams, starting earlier, shortening the services and creating a one-way system through the church. Within weeks this 4th service also filled up to capacity meaning we need to sometimes use overflow space in other parts of our building.

Citygate continues to focus on the growth of the church through teaching, preaching and pastoral care of both Christians and the un-churched/community alike. The “Alpha Course” for those investigating the Christian faith from the local community continues to thrive, together with our new Christians course for those who have recently come to faith in Jesus Christ. Other courses Citygate provide include the “Financial Freedom”, Marriage, 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, and the Marriage Course is for married couples to help strengthen their relationships.

Citygate church encourages its partners to attend Small Groups during the week. Small Groups operate to create environments where people can socialise, pray, talk about Christian principles and receive support for life’s challenges. Citygate currently operates with around 50 Small Groups at any one time, but we would ideally want this number to double over the coming year to cater for the growing numbers.

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, with it now attracting its own “online congregation” engaged weekly.

Page 3

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

Achievements and performance (continued)

Review of activities (continued)

Attendance at the Church Sunday services grew significantly throughout the year with our highest ever attendance at our Christmas and Easter events and usual Sunday Services. At the time of writing, Citygate’s Sunday services are typically around 1100 in weekly attendance, with over 2000 people now committed to the church. Our greatest challenge this year has again been our lack of space to cater for our growing numbers, so for a few of our larger events we hired a local concert and event centre in order to cater for the numbers registered. To address this challenge, late in the year we completed the purchase of a new and much larger building which in the future will provide us with facilities that would meet the needs of the congregation and community for many years to come.

Venue 28 (Citygate Church’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.

The instruction and care of Christians 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 within the local community, and in addition to the three weekly sessions, hosts quiz nights and film mornings for the Parents and Carers of the children. Citygate Kids, which operates on Sunday mornings alongside our Sunday Church services, has again grown significantly to nearly 350, and now attracts around 180 children in attendance on any one Sunday, 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 inperson and online Sunday services, 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.

Alpha Course has gained momentum this year with four courses being run during the year.

The relief of persons who are in conditions of need, hardship, poverty or distress 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 for the benefit of the Charity and in line with Charities comprehensive investment policy. Excess funds during the year have been deposited in the Company’s interest-bearing bank accounts.

Financial review

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable 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 concern basis can be found in the accounting policies.

Page 4

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

Reserves policy

The Trustees intend to reinvest funds into the development of the Church and furtherance of its charitable objects as they become available. Citygate is a growing church with strong, stable, and committed income and a healthy net asset position. Excess reserve funds have been deposited in the Company’s interest bearing bank accounts.

Financial risk management

The Trustees have assessed the major risks to which the charity/company is exposed, in particular those related to the operations and finances, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

Structure, governance and management

Constitution

Citygate Christian Outreach Centre is registered as a charitable company limited by guarantee.

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 coopted under the terms of the Articles of Association.

Organisational structure and decision-making policies

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 accordance with conditions set out in the company’s governing document.

Policies adopted for the induction and training of Trustees

New Trustees are supplied with information published by the Charity Commission on the responsibilities 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 with other Trustees or senior managers is made available.

Plans for future periods

Citygate Church is currently functioning at capacity on Sundays and as mentioned previously in this report have purchased new facilities to alleviate the issues caused as a result. The next year will be spent obtaining various permissions and consents needed to occupy the new premises, and also to raise the operations, staff and volunteer teams in the Church to the level needed to facilitate the current growth trajectory.

Page 5

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. 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:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Company's transactions and disclose with reasonable accuracy at any time the financial position of the 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.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Auditors

The auditors, Baldwin Scofield Limited, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees on 28 January 2026 and signed on their behalf by:

Cleo Amanda St Lewis

Page 6

CITYGATE CHRISTIAN OUTREACH CENTRE

(A 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 company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise 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:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (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 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 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

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting 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 parent charitable company's ability to continue as a going concern for a period of at least twelve 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 7

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 knowledge 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 gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, 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:

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 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 or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Page 8

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CITYGATE CHRISTIAN OUTREACH CENTRE (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about 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 audit conducted in accordance with ISAs (UK) 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 of these financial statements.

Irregularities, including fraud, are instances 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, including 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 with 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 with 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 sampling 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 conformity with the requirements of the Companies Act 2006, the Charities Act 2011 and the charity SORP.

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.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Page 9

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CITYGATE CHRISTIAN OUTREACH CENTRE (CONTINUED)

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 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 required to state to them in an Auditors' report and for no other purpose. To the fullest 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 Auditors

Baldwin Scofield Limited are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 10

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 2025

Note
Income and
endowments from:
Donations
3
Charitable activities
4
Trading activities
5
Investments
6
Other income
7
Total income and
endowments
Expenditure on:
Trading activities
Charitable activities
8
Total expenditure
Net income
Transfers between
funds
19
Net movement in
funds before other
recognised
gains/(losses)
Other recognised
gains/(losses):
Gains on revaluation of
fixed assets
Net movement in
funds
Reconciliation of
funds:
Total funds brought
forward
Net movement in funds
Total funds carried
forward		 Unrestricted
funds
2025
£
1,891,714
148,087
353,743
40,635
-
2,434,179
328,247
1,689,824
2,018,071
416,108
278,718
694,826
485,000
1,179,826
5,836,818
1,179,826
7,016,644		 Restricted
funds
2025
£
270,778
-
-
-
-
270,778
-
-
-
270,778
(278,718)
(7,940)
-
(7,940)
7,940
(7,940)
-		 Endowment
funds
2025
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
funds
2025
£
2,162,492
148,087
353,743
40,635
-
2,704,957
328,247
1,689,824
2,018,071
686,886
-
686,886
485,000
1,171,886
5,844,758
1,171,886
7,016,644		 Total
funds
2024
£
1,547,301
90,145
389,160
12,436
592
2,039,634
321,367
1,354,676
1,676,043
363,591
-
363,591
-
363,591
5,481,167
363,591
5,844,758

The Consolidated statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 17 to 35 form part of these financial statements.

Page 11

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee) REGISTERED NUMBER: 5400985

CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2025

Note
Fixed assets
Tangible assets
13
Current assets
Debtors
15
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
16
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
17
Total net assets
Charity funds
Restricted funds
19
Unrestricted funds
19
Total funds		 601,637
569,177
1,170,814
(100,288)		 2025
£
12,351,118
1,070,526
13,421,644
(6,405,000)
7,016,644
-
7,016,644
7,016,644		 689,829
1,138,968
1,828,797
(138,746)		 2024
£
5,708,969
1,690,051
7,399,020
(1,554,262)
5,844,758
7,940
5,836,818
5,844,758

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 151 of the Charities Act 2011.

The Trustees acknowledge their responsibilities for complying with 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 to the small companies regime.

Page 12

CITYGATE CHRISTIAN OUTREACH CENTRE (A company limited by guarantee) REGISTERED NUMBER: 5400985

CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025

The financial statements were approved and authorised for issue by the Trustees on 28 January 2026 and signed on their behalf by:

Cleo Amanda St Lewis

The notes on pages 17 to 35 form part of these financial statements.

Page 13

CITYGATE CHRISTIAN OUTREACH CENTRE (A company limited by guarantee) REGISTERED NUMBER: 5400985

COMPANY BALANCE SHEET AS AT 31 MARCH 2025

Note
Fixed assets
Tangible assets
13
Investments
14
Current assets
Debtors
15
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
16
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
17
Total net assets
Charity funds
Restricted funds
19
Unrestricted funds
19
Total funds		 849,588
549,094
1,398,682
(52,556)		 2025
£
12,323,218
11
12,323,229
1,346,126
13,669,355
(6,402,500)
7,266,855
-
7,266,855
7,266,855		 1,005,708
1,118,469
2,124,177
(90,573)		 2024
£
5,705,669
11
5,705,680
2,033,604
7,739,284
(1,541,763)
6,197,521
7,940
6,189,581
6,197,521

The Company's net movement in funds for the year was £ 1,069,334 (2024 - £259,012) .

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 151 of the Charities Act 2011.

The Trustees acknowledge their responsibilities for complying with 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 to the small companies regime.

Page 14

CITYGATE CHRISTIAN OUTREACH CENTRE (A company limited by guarantee) REGISTERED NUMBER: 5400985

COMPANY BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025

The financial statements were approved and authorised for issue by the Trustees on 28 January 2026 and signed on their behalf by:

Cleo Amanda St Lewis

The notes on pages 17 to 35 form part of these financial statements.

Page 15

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Cash inflows from new borrowing
Repayments of borrowing
Net cash provided by/(used in) financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 17 to 35 form part of these financial statements		 2025
£
854,338
(6,274,867)
(6,274,867)
6,400,000
(1,549,262)
4,850,738
(569,791)
1,138,968
569,177		 2024
£
706,430
(12,759)
(12,759)
-
(52,521)
(52,521)
641,150
497,818
1,138,968

Page 16

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

1. General information

Citygate Christian Outreach Centre is a company limited by guarantee incorporated in England & Wales on 22 March 2005 by under Memorandum and Articles of Association with company registration number 05400985. Other Company information can be found on page 1.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Citygate Christian Outreach Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Consolidated statement of financial activities (SOFA) 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 its own Statement of financial activities in these financial statements.

2.2 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

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 between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s 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.

Page 17

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

2. Accounting policies (continued)

2.4 Interest receivable

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 institution with whom the funds are deposited.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost, including all costs directly attributable to bringing the asset into its intended use. The charity applies the cost model to all tangible fixed assets except freehold properties, which are accounted for under the revaluation model in accordance with FRS 102 and the Charities SORP (FRS 102).

Under the revaluation model, freehold properties are carried at their fair value at the balance sheet date. Revaluation gains are recognised in the revaluation reserve, unless they reverse a previous impairment charged to expenditure, in which case the gain is recognised in the Statement of Financial Activities (SoFA). Revaluation losses are recognised in the SoFA unless they reverse a previous gain recognised in the revaluation reserve.

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 - Not depreciated
Long-term leasehold property - Over the term of the lease
Plant and machinery - 25% straight line
Fixtures and fittings - 25% straight line
Office equipment - 20% straight line

2.6 Investments

Fixed asset investments are a form of financial instrument and are initially 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. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Consolidated statement of financial activities.

Investments in subsidiaries are valued at cost less provision for impairment.

2.7 Debtors

Trade and other debtors are recognised 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 acquisition or opening of the deposit or similar account.

Page 18

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

2. Accounting policies (continued)

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 Company 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 activities as a finance cost.

2.10 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

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 with specific 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.

3. Income from donations and legacies

Unrestricted Restricted Total
funds funds funds
2025 2025 2025
£ £ £
Donations 1,891,714 270,778 2,162,492

Page 19

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

3. Income from donations and legacies (continued)

Unrestricted Restricted Total
funds funds funds
2024 2024 2024
£ £ £
Donations 1,539,361 7,940 1,547,301

4. Income from charitable activities

Unrestricted
funds
2025
£
Income from charitable activities - Gifts and donations
17,810
Income from charitable activities - Church events
130,277
148,087
Unrestricted
funds
2024
£
Income from charitable activities - Gifts and donations
16,888
Income from charitable activities - Church events
73,257
90,145
5.
Income from other trading activities
Income from non charitable trading activities
Unrestricted
funds
2025
£
Charity trading income - Domestic
353,743		 Total
funds
2025
£
17,810
130,277
148,087
Total
funds
2024
£
16,888
73,257
90,145
Total
funds
2025
£
353,743

Page 20

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

5. Income from other trading activities (continued)

Income from non charitable trading activities (continued)

Unrestricted Total
funds funds
2024 2024
£ £
Charity trading income - Domestic 389,160 389,160

6. Investment income

Unrestricted
funds
2025
£
Investment income
40,499
Interest receivable
136
40,635
Unrestricted
funds
2024
£
Investment income
12,159
Interest receivable
277
12,436		 Total
funds
2025
£
40,499
136
40,635
Total
funds
2024
£
12,159
277
12,436

Page 21

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

7. Other incoming resources

Unrestricted
funds
2024
£
Other operating income
588
8.
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2025
£
Charitable activities
1,689,824
Unrestricted
funds
2024
£
Charitable activities
1,354,676
9.
Analysis of expenditure by activities
Activities
undertaken
directly
2025
Support
costs
2025
£
£
Charitable activities
545,614
1,144,210		 Total
funds
2025
£
Total
funds
2024
£
588
Total
2025
£
1,689,824
Total
2024
£
1,354,676
Total
funds
2025
£
1,689,824

Page 22

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

9. Analysis of expenditure by activities (continued)

Charitable activities
Analysis of direct costs
Church hosting
Premises costs
Ministry and pastoral costs
Media costs
Youth and children's work
Giving
Church hosting
Premises costs
Ministry and pastoral costs
Media costs
Youth and children's work
Giving		 Activities
undertaken
directly
2024
£
479,699		 Support
costs
2024
£
874,977
Church
operations
2025
£
82,816
108,834
165,955
18,921
49,056
120,032
545,614
Church
operations
2024
£
92,057
172,137
132,831
18,262
27,174
37,238
479,699		 Total
funds
2024
£
1,354,676
Total
funds
2025
£
82,816
108,834
165,955
18,921
49,056
120,032
545,614
Total
funds
2024
£
92,057
172,137
132,831
18,262
27,174
37,238
479,699

Page 23

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

9. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Printing, post and stationery
Insurance
Telephone and internet
Professional fees
Bank and cardnet charges
Bank interest
Other expenses
Financing costs
Depreciation
Staff costs
Printing, post and stationery
Insurance
Telephone and internet
Computer costs
Professional fees
Bank and cardnet charges
Bank interest
Other expenses
Financing costs
Depreciation		 Support
activities
2025
£
563,653
15,205
15,906
17,657
47,136
2,608
467
42,761
324,941
113,876
1,144,210
Support
activities
2024
£
504,351
8,054
16,683
13,820
2,240
74,057
1,829
643
23,327
122,299
107,674
874,977		 Total
funds
2025
£
563,653
15,205
15,906
17,657
47,136
2,608
467
42,761
324,941
113,876
1,144,210
Total
funds
2024
£
504,351
8,054
16,683
13,820
2,240
74,057
1,829
643
23,327
122,299
107,674
874,977

Page 24

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

10. Auditors' remuneration

2025 2024
£ £
Fees payable to the Company's auditor for the audit of the Company's
annual accounts 9,600 8,700

11. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes		 Group
2025
£
565,632
52,973
33,910
652,515		 Group
2024
£
516,302
47,065
31,679
595,046		 Company
2025
£
484,343
45,521
33,789
563,653		 Company
2024
£
437,620
40,036
26,695
504,351

The average number of persons employed by the Company during the year was as follows:

Church and administration
Venue hire operations		 Group
2025
No.
13
3
16		 Group
2024
No.
13
3
16		 Company
2025
No.
13
-
13		 Company
2024
No.
13
-
13

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

Group Group
2025 2024
No. No.
In the band £60,001 - £70,000 1 1

12. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £106,580) .

During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL) .

Page 25

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

13. Tangible fixed assets

Group

Cost or valuation
At 1 April 2024
Additions
Revaluations
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Freehold
property
£
5,220,000
6,221,593
485,000
11,926,593
-
-
-
11,926,593
5,220,000		 Long-term
leasehold
property
£
808,872
-
-
808,872
395,013
40,442
435,455
373,417
413,859		 Plant and
machinery
£
235,136
17,630
-
252,766
182,282
58,712
240,994
11,772
52,854		 Fixtures
and fittings
£
212,907
34,547
-
247,454
192,071
18,318
210,389
37,065
20,836		 Office
equipment
£
4,927
1,097
-
6,024
3,507
246
3,753
2,271
1,420		 Total
£
6,481,842
6,274,867
485,000
13,241,709
772,873
117,718
890,591
12,351,118
5,708,969

Company

Cost or valuation
At 1 April 2024
Additions
Revaluations
At 31 March 2025		 Freehold
property
£
5,220,000
6,221,593
485,000
11,926,593		 Long-term
leasehold
property
£
808,872
-
-
808,872		 Plant and
machinery
£
235,136
17,630
-
252,766		 Fixtures and
fittings
£
208,207
7,202
-
215,409		 Total
£
6,472,215
6,246,425
485,000
13,203,640

Page 26

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

13. Tangible fixed assets (continued)

Company (continued)

Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Freehold
property
£
-
-
-
11,926,593
5,220,000		 Long-term
leasehold
property
£
395,013
40,442
435,455
373,417
413,859		 Plant and
machinery
£
182,282
58,712
240,994
11,772
52,854		 Fixtures and
fittings
£
189,251
14,722
203,973
11,436
18,956		 Total
£
766,546
113,876
880,422
12,323,218
5,705,669

The charity’s two existing properties in Beckenham were revalued as of the balance sheet date at £5,705,000 by Mr Richard Pillow RICS of SHW LLP, an independent firm of RICS-registered valuers. The valuation was carried out in May 2024, but reflects the fair market value of the properties as at 31 March 2025.

The Group has adopted a policy of revaluation for tangible fixed assets. Had these assets been measured at historic cost, the carrying values would have been as follows:

Freehold property
Accumulated depreciation		 Group
2025
£
3,544,835
(891,785)
2,653,050		 Group
2024
£
3,544,835
(820,888)
2,723,947		 Company
2025
£
3,544,835
(891,785)
2,653,050		 Company
2024
£
3,544,835
(820,888
2,723,947

On 21 March 2025 the charity purchased a third property in Beckenham which, including the professional fees incurred in purchasing the property, cost £6,221,593. This property and the others owned by the charity are held as security against the £6,400,000 loan disclosed more fully in note 17.

Page 27

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

14. Fixed asset investments

Company
Cost or valuation
At 1 April 2024
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Investments
in
subsidiary
companies
£
11
11
11
11

Principal subsidiaries

The following were subsidiary undertakings of the Company:

Names Company Registered office or principal Principal activity
number place of business
V28 Ltd 10081260 22 Rectory Road, Beckenham, Letting operations
BR3 1JA
Citygate Property Holdings Ltd 09817830 22 Rectory Road, Beckenham, Developing building
BR3 1JA projects
Class of Holding Included in
shares consolidation
Ordinary 100% Yes
Ordinary 100% Yes

The financial results of the subsidiaries for the year were:

Names Income Expenditure Profit/(Loss) Net assets
£ £ / Surplus/ £
(Deficit) for
the year
£
V28 Ltd 430,799 (328,157) 102,642 (250,389)
Citygate Property Holdings Ltd - (90) (90) 177

Page 28

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

15. Debtors

Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income		 Group
2025
£
6,949
-
366,042
228,646
601,637		 Group
2024
£
13,622
-
657,121
19,086
689,829		 Company
2025
£
-
254,900
366,042
228,646
849,588		 Company
2024
£
2,601
326,900
657,121
19,086
1,005,708

16. Creditors: Amounts falling due within one year

Bank loans
Other loans
Trade creditors
Other taxation and social security
Pension fund loan payable
Other creditors
Accruals and deferred income		 Group
2025
£
20,000
-
29,024
7,683
3,530
17,667
22,384
100,288		 Group
2024
£
52,522
232
28,432
18,584
9,946
16,727
12,303
138,746		 Company
2025
£
10,000
-
17,233
-
2,939
-
22,384
52,556		 Company
2024
£
42,522
232
17,883
10,874
7,718
-
11,344
90,573

Page 29

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

17. Creditors: Amounts falling due after more than one year

Group
2025
£
Bank loans
6,405,000
Included within the above are amounts falling due as follows:
Group
2025
£
Between one and two years
Bank loans
6,405,000
Between two and five years
Bank loans
-
Over five years
Bank loans
-		 Group
2024
£
1,554,262
Group
2024
£
55,021
100,063
1,399,182		 Company
2025
£
6,402,500
Company
2025
£
6,402,500
-
-		 Company
2024
£
1,541,762
Company
2024
£
42,521
100,063
1,399,182

During the year, the company obtained a loan amounting to £6,400,000 to fund the purchase of the third property in Beckenham and to refinance other mortgage loans. The loan is for a term of 24 months from drawdown and bears interest at 1.25% per month and will be repayable by January 2027.

The loan is secured against all three of the charity’s freehold properties.

Existing mortgage loans amounting to £25,000 (2024: £1,631,788) are secured solely on the charity's first two properties in Beckenham.

18. Financial instruments

Group Group Company Company
2025 2024 2025 2024
£ £ £ £
Financial assets
Financial assets measured at fair value
through income and expenditure 569,177 1,138,968 549,094 1,118,469

Financial assets measured at fair value through income and expenditure comprise bank balances.

Page 30

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

19. Statement of funds

Statement of funds - current year

Unrestricted
funds
General Fund
Reserves
Restricted
funds
Building fund
Total of funds		 Balance at 1
April 2024
£
6,189,581
(352,763)
5,836,818
7,940
5,844,758		 Income
£
2,003,380
430,799
2,434,179
270,778
2,704,957		 Expenditure
£
(1,689,824)
(328,247)
(2,018,071)
-
(2,018,071)		 Transfers
in/out
£
278,718
-
278,718
(278,718)
-		 Gains/
(Losses)
£
485,000
-
485,000
-
485,000		 Balance at
31 March
2025
£
7,266,855
(250,211)
7,016,644
-
7,016,644

Page 31

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

19. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General fund
Subsidiary reserves
Restricted funds
Building fund
Total of funds		 Balance at
1 April 2023
£
5,938,509
(457,338)
5,481,171
-
5,481,171		 Income
£
1,605,748
425,942
2,031,690
7,940
2,039,630		 Expenditure
£
(1,354,676)
(321,367)
(1,676,043)
-
(1,676,043)		 Balance at
31 March
2024
£
6,189,581
(352,763)
5,836,818
7,940
5,844,758

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.

20. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at 1
April 2024
£
5,836,818
7,940
5,844,758		 Income
£
2,434,179
270,778
2,704,957		 Expenditure
£
(2,018,071)
-
(2,018,071)		 Transfers
in/out
£
278,718
(278,718)
-		 Gains/
(Losses)
£
485,000
-
485,000		 Balance at
31 March
2025
£
7,016,644
-
7,016,644

Page 32

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

20. Summary of funds (continued)

Summary of funds - prior year

General funds
Restricted funds		 Balance at
1 April 2023
£
5,481,171
-
5,481,171		 Income
£
2,031,690
7,940
2,039,630		 Expenditure
£
(1,676,043)
-
(1,676,043)		 Balance at
31 March
2024
£
5,836,818
7,940
5,844,758

21. Analysis of net assets between funds Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Total
Analysis of net assets between funds - prior year
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Unrestricted
funds
2025
£
12,351,118
1,170,814
(100,288)
(6,405,000)
7,016,644
Unrestricted
funds
2024
Restricted
funds
2024
£
£
5,708,969
-
1,820,857
7,940
(138,746)
-
(1,554,262)
-
5,836,818
7,940		 Total
funds
2025
£
12,351,118
1,170,814
(100,288)
(6,405,000)
7,016,644
Total
funds
2024
£
5,708,969
1,828,797
(138,746)
(1,554,262)
5,844,758

Page 33

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

22. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Decrease in debtors
Decrease in creditors
Net cash provided by operating activities		 Group
2025
£
686,886
117,718
88,192
(38,458)
854,338		 Group
2024
£
363,591
109,241
241,993
(8,395)
706,430
23.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
24.
Analysis of changes in net debt		 Group
2025
£
569,177
569,177		 Group
2024
£
1,138,968
1,138,968
Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year		 At 1 April
2024
£
1,138,968
(62,700)
(1,554,266)
(477,998)		 Cash flows
£
(569,791)
39,170
(4,850,734)
(5,381,355)		 At 31 March
2025
£
569,177
(23,530)
(6,405,000)
(5,859,353)

25. Contingent liabilities

H M Revenue & Customs commenced an enquiry prior to the year end with regards to the tax treatment in relation to the investments held by the charity. At the date of finalisation of the financial statements HMRC have not concluded their enquiry and any liability to tax is dependent on their decision. Should HMRC decide against the charity's treatment the corporation tax liability could be material to the financial statements.

Page 34

CITYGATE CHRISTIAN OUTREACH CENTRE

(A company limited by guarantee)

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

26. 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 £33,910 (2024 - £31,679) Pension contributions of £2,939 (2024: £9,946) were payable to the fund at the balance sheet date and are included in creditors.

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