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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 05977250 (England and Wales) REGISTERED CHARITY NUMBER: 1116962

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Gateway Fareham Ltd

Johnston Wood Roach Limited 24 Picton House Hussar Court Waterlooville Hampshire PO7 7SQ

Gateway Fareham Ltd

Contents of the Financial Statements for the Year Ended 31 March 2022

Page
Report of the Trustees 1 to 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12 to 13
Notes to the Financial Statements 14 to 26
Detailed Statement of Financial Activities 27 to 28

Gateway Fareham Ltd

Report of the Trustees for the Year Ended 31 March 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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).

Page 1

Gateway Fareham Ltd

Report of the Trustees for the Year Ended 31 March 2022

OBJECTIVES AND ACTIVITIES Objectives and aims 2) Review of the year

This has been a significant year for Fareham Community Church (FCC); in July we celebrated Fareham Community Church's 40th Anniversary with a special service and lunch, attended by 100s of people from the FCC family past and present. Another development was the decision by our leaders Richard and Caroline Wadsworth to retire at the end of 2021. In their place we appointed our assistant Pastor Martin Doyle and wife Gabbi to the role of Site Pastors, with oversight from Senior Pastors Danni and Tim Lockwood. Tim and Danni also oversee Gateway Church Waterside, based in Totton and so, to reflect us being 1 church in 2 locations, our name changed to Gateway Church Fareham with effect from the 4th of January 2022.

This year has also seen building work to remove the dividing wall between the entrance hall and the church café space. The Trustees are grateful for the financial contributions and practical work done by volunteers which made this possible. The result is a fantastic, modern communal area which forms an attractive entrance to the church building. The work was completed in October 2021 in time to enable us to serve refreshments to members of the public attending the Remembrance Day parade outside.

The Trustees are happy that with the lifting of lockdown restrictions, the charity has been able to focus on our core objects; we began meeting in person for our Sunday morning services from May 2021 while continuing to stream the services on You Tube and at the same time our core activities for youth, children and the community gradually restarted.

We are grateful for the time and dedication of the church staff, Leadership Team and our volunteers who have enabled the Charity to fulfil its charitable objectives during the year.

Finances

With the lifting of lockdown restrictions during the year, not all church members felt able to return to church immediately and this may have had an impact on our income from donations, which fell by just over £9,000. However, this was more than compensated for by an increase in rental income from booking out the church hall (see section 8b for further details). We used monies from a special offering to complete the Foyer building work and it is a tribute to the team of skilled volunteers and the financial commitment of church members that we were able to complete this work and end the year with a small net income of £8,876.

Church members have also reached out to those in financial hardship locally in many ways. For example, by providing Christmas hampers and supporting the Fareham and Gosport Basics Bank. We donated money and aid to charities working with Ukrainian refugees and supported children in Sierra Leone through the Practical Tools Initiative charity. Closer to home, a group of carol singers also sung in local Care Home gardens and delivered Christmas presents.

The Trustees are therefore happy that, despite the constraints of COVID, the Charity has fulfilled its objectives during the year.

3) Objectives of the charity

The Charity is governed by a Memorandum and Articles of Association, in which its objectives are set out.

Objects:

Page 2

Gateway Fareham Ltd

Report of the Trustees for the Year Ended 31 March 2022

When targeting our activities to meet these objectives, the Trustees have considered the Commission's guidance on public benefit and in particular the guidance for the advancement of religion. The Trustees note that:

Page 3

Gateway Fareham Ltd

Report of the Trustees for the Year Ended 31 March 2022

OBJECTIVES AND ACTIVITIES Significant activities

4) Activities to advance the Christian faith

As the Covid restrictions were lifted, we were able to begin carrying out our core activities in person rather than online. Sunday morning services resumed in the building from May 2021 and continue to be broadcast live on YouTube with between 80 and 150 people viewing online each morning.

a) Bible teaching

At the start of the year our teaching on Sundays focused on a series of people in the bible who were commissioned by God to a variety of roles and tasks. This was followed by a series on the Gifts of the Spirit from Ephesians 4 and in the Spring, we looked at the Gateway vision and values: "Saved, Healed, Empowered and Released" with follow up sessions in home groups.

b) Youth and children's work

The main youth initiatives during the year were an after-school drop-in 3 times a week and a youth mentoring scheme. The drop-ins were organised and run by a member of our new 'Church Experience Year' program, which started in September 2021.

We also worked jointly with other churches in Fareham to run 'High Tide' youth events.

Kid's Church

After online input during lockdown the children came back to the building in May 2021 with a Pentecost Party complete with bouncy castle. This was followed by monthly events over the summer; a games session in June on the theme of being unique and a trip to Hundred Acres in August.

From September 2021 we launched our weekly Kid's Church sessions with 2 age groups: Year R -4 and 5-6 where the groups studied the Fruits of the Spirit and 'Rooted' (a Scripture Union resource based on Emotional Health). Monthly Praise Parties also started in September and other special events included a Bright Lights Party in October, followed by our Rock Nativity Show at Christmas and our traditional Easter Egg hunt.

New initiatives have included the Sunday morning family tables where children and their parents can sit with activity boards and toddler bags and toddler Bible sacks in the toddler room.

The Trustees are extremely appreciative of the service of Vanessa Hoad, who leads the children's work with such gifting and enthusiasm, as well as her team of 12 volunteer teachers and helper.

c) Regular midweek groups

Connect groups moved from online to 'in person' and followed a number of different discussion / study courses during the year. These included the 'Freedom in Christ' video series, 'Discovering your Spiritual Gifts' and sessions following the "Saved, healed, Empowered and Released" teaching on Sunday mornings.

Prayer meetings included the monthly Saturday prayer and breakfast a weekly Thursday lunchtime pray group.

5) Activities to support those in need, the aged and those with ill health

a) Care for the homeless and needy in the local area

Page 4

Gateway Fareham Ltd

Report of the Trustees for the Year Ended 31 March 2022

OBJECTIVES AND ACTIVITIES

b) Use of The King's Centre to support local charities and agencies

As well as being used to further the Christian faith, the King's Centre continued to provide office or meeting space to organisations with which we share common objectives. Space was provided free of charge or at greatly reduced rates for some charities and community groups. Groups using the Kings Centre during the year include:

c) Support of 3rd parties working outside the UK:

- Ukraine
We were a drop off point for Aid for Ukraine and gave a donation to the charity 'Cry' for their work with
Ukrainian refugees
- Albania
The church continues to financially support Nick and Sarah Ann Wakeley, originally members of FCC, who
promote the Christian faith and relieve hardship due to poverty and illness.
- India
FCC's primary contact is Basil de Souza. Many church members help to provide education and support of
young people from the slums through the charity Jeevan Asha. Also, the church supports School of Ministry
training of pastors.
- Sierra Leone
Practical Tools Initiative (PTI) is a charity started by church member James Fallah-Williams, to relieve poverty
and hardship in deprived post-war communities. James is based in our offices, paying a peppercorn rent and is
very much part of the office team. The charity collects, refurbishes and sends used tools, learning materials and
mobility aids to Sierra Leone, which are used for education, to create employment and relieve hardship among
disabled people, single mothers and young offenders. During the year we have continued to partner with PTI in
running a school for 300 children from 3 villages in and around a quarry. These children were spending their
days breaking stones and had no access to educationAt Christmas church members donated £115.80 for PTI's
Seed Appeal (buying packets of seeds to plant at the school) and we also donated school supplies.

Public benefit

We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

6) Volunteers

The Trustees of the Charity are very grateful to all the volunteers who helped the church to carry out its activities and fulfil its objectives over the year. Although the church is highly dependent on its volunteers to fulfil these objectives the total value of the volunteer's input has not been quantified.

Page 5

Gateway Fareham Ltd

Report of the Trustees for the Year Ended 31 March 2022

FINANCIAL REVIEW

Investment policy and objectives

In order to guide the investment strategy the board of Trustees has adopted the following objectives:

Income and Reserves

Total income for the year (including giving to restricted funds) was £209,415 and was derived from donations (£155,284), gift aid (£28,764) and rental income (£25,367). If we exclude a one-off Government JRS grant received the previous year, our income increased by £4,249 compared to 2020-2021; giving (including gift aid) fell £9,049 from last year's total of £193,097 However, with the end of lockdown, our rental income increased by £13,298 over the previous year.

Total Expenditure for the year was £200,539. This increase of £13,029 over the previous year was due to costs of the building work. The Trustees are happy that this work was carried out without reducing our reserves and resulted in a small net income of £8,876. This compares with a net income of £23,564 in 2020-2021.

The charity has continued to maintain our reserves at 2 months' worth of expenditure (£30,000) in accordance with our reserves policy.

Reserves policy

The charity held unrestricted reserves of £519,086 and restricted reserves of £81,917 at 31 March 2022

The Trustees have resolved to establish reserves to provide for future activities and to mitigate future risks. The Trustees wide powers of investment are carried out within the context of the statement of investment principles set out above. The policy on reserves is that the existing assets are retained to produce income, which is wholly utilised to support existing activities. A minimum level of reserves is set at two months' worth of expenses.

Property

The King's Centre , the home of Fareham Community Church, is a large, two-story mortgaged premises on one of the shopping streets of Fareham. The building is a source of rental income but also provides public benefit by the provision of meeting space at a subsidised rate to organisations with similar objectives.

Work to convert the existing café and church entrance into a welcoming, dual-purpose foyer and spacious meeting place was completed during the year.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The Charity is a Company limited by guarantee as defined by the Companies Act 2006. It was formed under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association.

In the event of winding up, Members of the charity will be required to contribute up to a maximum of £10 each.

Recruitment and appointment of new trustees

New Trustees can be recommended by both the Leadership Team and the Board of Trustees and are appointed by the Trustees. There are no third parties who can appoint Trustees. Trustees are required to agree with the Statement of Faith set out in the Memorandum of Association. New Trustees are appointed where they have the necessary skills to contribute to the charity's management and development. When new Trustees are appointed, they are given an introduction to the work of the Trustees and provided with a copy of the 'Essential Trustee' brochure. They are also provided with additional training opportunities during the year.

Page 6

Gateway Fareham Ltd

Report of the Trustees for the Year Ended 31 March 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure

Trustees

The Board of Trustees consists of members of Gateway Church Fareham and at least one representative from the Leadership Team attends. The Articles of Association allows one paid employee to be a Trustee, providing that paid member is employed as an elder of the church, although any such trustee shall not be involved in discussions involving staff salaries or other benefits.

The Trustees are responsible for overseeing the Charity side of the life and work of the church. In addition to their statutory duties, the Trustees are responsible for ensuring that:

There is no fixed term for a trustee.

Leadership team

The Leadership Team (now renamed Oversight Team) meet fortnightly to carry out the day-to-day management of the charity. They are also the Members of the Charity as required by the Articles of Association. During the year to 31.3.22 the Leadership Team consisted of:

Senior Leaders

Richard and Caroline Wadsworth 1/4/2021 to 31/12/2021

Senior pastors

Tim and Danni Lockwood 1/1/2021 to 31/3/2022

Site Pastors

Martin and Gabbi Doyle 1/1/2021 to 31/3/2022

Leadership Team

Robin and Amanda Taylor Graham and Andi Clay Chris and Hannah Matthews (Until October 2021) Martin and Gabi Doyle

Page 7

Gateway Fareham Ltd

Report of the Trustees for the Year Ended 31 March 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees of the charity are satisfied that the systems are in place to mitigate exposure to the major risks, which have been identified as follows:

The following framework is central to ensuring adequate risk assurance:

In assessing risk the Trustees recognise that some areas of the Charity's work requires the acceptance and management of risk if the Charity's key objectives are to be achieved.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

05977250 (England and Wales)

Registered Charity number

1116962

Registered office

24 Picton House Hussar Court Waterlooville Hampshire PO7 7SQ

Trustees

F A Gouldstone Lsa C Matthews Engineer (resigned 25.11.21)

E J Tutte Project Manager

R Wadsworth Church Team Leader (resigned 25.11.21)

Z Derbak Senior finance officer

S Fenner Pre sales technical marketing manager

R Snelling Retired (appointed 27.5.21)

Page 8

Gateway Fareham Ltd

Report of the Trustees for the Year Ended 31 March 2022

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner

Kate Wood FCCA, FCA Johnston Wood Roach Limited 24 Picton House Hussar Court Waterlooville Hampshire PO7 7SQ

Senior Leaders

Richard and Caroline Wadsworth

Bankers

Lloyds TSB Bank plc 43 West Street Fareham Hampshire PO16 0BE

Approved by order of the board of trustees on 13 December 2022 and signed on its behalf by:

S Fenner - Trustee

Page 9

Independent Examiner's Report to the Trustees of Gateway Fareham Ltd

Independent examiner's report to the trustees of Gateway Fareham Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

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

Independent examiner's statement

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

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Kate Wood FCCA, FCA Johnston Wood Roach Limited 24 Picton House Hussar Court Waterlooville Hampshire PO7 7SQ

13 December 2022

Page 10

Gateway Fareham Ltd

Statement of Financial Activities for the Year Ended 31 March 2022

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
149,679
Charitable activities
Support costs
-
Other trading activities
3
25,367
Total
175,046
EXPENDITURE ON
Charitable activities
5
Regular church activities and ministry
152,972
Support for the needy
2,917
Overseas mission
22,438
Support costs
(15,675)
Total
162,652
NET INCOME/(EXPENDITURE)
12,394
RECONCILIATION OF FUNDS
Total funds brought forward
506,692
TOTAL FUNDS CARRIED FORWARD
519,086		 Restricted
funds
£
34,369
-
-
34,369
8,462
17
12,260
17,148
37,887
(3,518)
85,435
81,917		 31.3.22
Total
funds
£
184,048
-
25,367
209,415
161,434
2,934
34,698
1,473
200,539
8,876
592,127
601,003		 31.3.21
Total
funds
£
193,097
5,908
12,069
211,074
142,361
4,430
39,425
1,294
187,510
23,564
568,563
592,127

The notes form part of these financial statements

Page 11

Gateway Fareham Ltd

Balance Sheet 31 March 2022

Notes
FIXED ASSETS
Tangible assets
11
Investments
12
CURRENT ASSETS
Debtors: amounts falling due within one year
13
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
15
NET ASSETS
FUNDS
18
Unrestricted funds:
General fund
Restricted funds:
Building grants
Albania School of Light
Hampers
India support
School on site project
The Ark
Rear Stairwell Service Charge & Sinking Fund
Building Refurbishment Fund
Sierra Leone Shoe Box Project
Youth Mission 2020
Hardship Fund
Pastoral Care
Giving Team
Fareshare
TOTAL FUNDS		 Unrestricted
fund
£
598,833
1
598,834
5,458
51,878
57,336
(25,437)
31,899
630,733
(111,647)
519,086		 Restricted
funds
£
64,308
-
64,308
-
17,609
17,609
-
17,609
81,917
-
81,917		 31.3.22
Total
funds
£
663,141
1
663,142
5,458
69,487
74,945
(25,437)
49,508
712,650
(111,647)
601,003
519,086
64,308
353
505
1,520
-
1,559
3,295
1,028
246
2,407
497
1,587
1,050
3,562
81,917
601,003		 31.3.21
Total
funds
£
665,045
1
665,046
2,877
80,444
83,321
(20,152)
63,169
728,215
(136,088)
592,127
506,692
65,440
353
239
1,500
337
1,576
2,582
4,794
246
2,407
1,065
809
1,250
2,837
85,435
592,127

The notes form part of these financial statements

continued...

Page 12

Gateway Fareham Ltd

Balance Sheet - continued 31 March 2022

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 13 December 2022 and were signed on its behalf by:

S Fenner - Trustee

The notes form part of these financial statements

Page 13

Gateway Fareham Ltd

Notes to the Financial Statements for the Year Ended 31 March 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost Fixtures and fittings - 15% - 25% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 14

Gateway Fareham Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

2.
DONATIONS AND LEGACIES
Gifts
Donations and legacies
Gift aid
3.
OTHER TRADING ACTIVITIES
Rental income
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Support costs
Grants received, included in the above, are as follows:
Grant
5.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Regular church activities and ministry
81,432
Support for the needy
1,472
Overseas mission
17,414
Support costs
1,153
101,471
6.
SUPPORT COSTS
Management
£
Regular church activities and ministry
-
Support for the needy
-
Overseas mission
-
Support costs
320
320		 31.3.22
£
2
155,282
28,764
184,048
31.3.22
£
25,367
31.3.22
£
-
31.3.22
£
-
Support
costs (see
note 6)
£
80,002
1,462
17,284
320
99,068
Other
£
80,002
1,462
17,284
-
98,748		 31.3.21
£
(1)
163,382
29,716
193,097
31.3.21
£
12,069
31.3.21
£
5,908
31.3.21
£
5,908
Totals
£
161,434
2,934
34,698
1,473
200,539
Totals
£
80,002
1,462
17,284
320
99,068

Page 15

continued...

Gateway Fareham Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

6. SUPPORT COSTS - continued

Support costs, included in the above, are as follows:

Support costs, included in the above, are as follows:
Regular
church
activities Support
and for the Overseas
ministry needy mission
£ £ £
Sundries - - -
Wages 34,645 633 7,485
Social security 807 15 174
Pensions 1,661 30 359
Rates and water (237) (4) (51)
Insurance 1,599 29 345
Light and heat 2,931 54 633
Telephone 527 10 114
Cleaning and consumables 1,298 24 280
Other premises expenses 504 9 109
Refreshments 974 18 210
Printing, postage & stationery 1,671 31 361
Repairs and maintenance 16,650 304 3,597
Accountancy 1,215 22 263
Legal and professional 857 16 185
Depreciation of tangible fixed assets 11,166 203 2,413
Interest payable and sim chs 3,734 68 807
80,002 1,462 17,284
31.3.22 31.3.21
Support Total Total
costs activities activities
£ £ £
Sundries 320 320 22
Wages - 42,763 45,774
Social security - 996 -
Pensions - 2,050 -
Rates and water - (292) 1,213
Insurance - 1,973 1,507
Light and heat - 3,618 2,444
Telephone - 651 976
Cleaning and consumables - 1,602 1,171
Other premises expenses - 622 882
Refreshments - 1,202 22
Printing, postage & stationery - 2,063 2,555
Repairs and maintenance - 20,551 7,433
Accountancy - 1,500 1,560
Legal and professional - 1,058 1,051
Depreciation of tangible fixed assets - 13,782 13,205
Interest payable and sim chs - 4,609 4,599
320 99,068 84,414

Page 16

continued...

Gateway Fareham Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation - owned assets

31.3.22 31.3.21
£ £
13,782 13,204

8. TRUSTEES' REMUNERATION AND BENEFITS

During the year £19,219 of remunerations (2021 - £25,000) were paid to the trustees.

Trustees' expenses

Reimbursements and travel costs amounting to £265 (2021 - £228) were reimbursed to the trustees.

9. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Support staff
Church activities		 31.3.22
£
97,472
3,143
4,916
105,531
31.3.22
4
4
8		 31.3.21
£
101,259
-
4,340
105,599
31.3.21
5
3
8

No employees received emoluments in excess of £60,000.

10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
150,958
Charitable activities
Support costs
5,908
Other trading activities
12,069
Total
168,935
EXPENDITURE ON
Charitable activities
Regular church activities and ministry
131,546
Support for the needy
4,505
Overseas mission
24,407
Support costs
1,294		 Restricted
funds
£
42,139
-
-
42,139
10,815
(75)
15,018
-		 Total
funds
£
193,097
5,908
12,069
211,074
142,361
4,430
39,425
1,294

continued...

Page 17

Gateway Fareham Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL COMPARATIVES FOR THE STATEMENT OF FINANCIAL COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£ £ £
Total 161,752 25,758 187,510
NET INCOME 7,183 16,381 23,564
RECONCILIATION OF FUNDS
Total funds brought forward 499,508 69,055 568,563
TOTAL FUNDS CARRIED FORWARD 506,691 85,436 592,127
11. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property Equipment fittings Totals
£ £ £ £
COST
At 1 April 2021 778,510 62,490 36,747 877,747
Additions - 1,394 10,484 11,878
At 31 March 2022 778,510 63,884 47,231 889,625
DEPRECIATION
At 1 April 2021 124,111 53,397 35,194 212,702
Charge for year 11,321 1,697 764 13,782
At 31 March 2022 135,432 55,094 35,958 226,484
NET BOOK VALUE
At 31 March 2022 643,078 8,790 11,273 663,141
At 31 March 2021 654,399 9,093 1,553 665,045
12. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
MARKET VALUE
At 1 April 2021 and 31 March 2022 1
NET BOOK VALUE
At 31 March 2022 1
At 31 March 2021 1

There were no investment assets outside the UK.

continued...

Page 18

Gateway Fareham Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22
£
Trade debtors
3,872
Gift aid receivable
1,586
5,458
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22
£
Bank loans and overdrafts (see note 16)
22,800
Trade creditors
125
Social security and other taxes
1,013
Accrued expenses
1,499
25,437
15.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22
£
Bank loans (see note 16)
111,647
16.
LOANS
An analysis of the maturity of loans is given below:
31.3.22
£
Amounts falling due within one year on demand:
Bank loans
22,800
Amounts falling between one and two years:
Bank loans - 1-2 years
45,600
Amounts falling due between two and five years:
Bank loans - 2-5 years
66,047
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
-		 31.3.21
£
1,584
1,293
2,877
31.3.21
£
17,520
125
1,007
1,500
20,152
31.3.21
£
136,088		 31.3.21
£
1,584
1,293
2,877
31.3.21
£
17,520
125
1,007
1,500
20,152
31.3.21
£
136,088
31.3.21
£
17,520
35,040
52,560
48,488
35,040
52,560
48,488

continued...

Page 19

Gateway Fareham Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

17. SECURED DEBTS

The following secured debts are included within creditors:

31.3.22 31.3.21
£ £
Bank loans 134,447 153,608

Amounts included within bank loans and overdrafts relate to loans with Lloyds TSB and are secured by a mortgage charge dated 11 June 2007 and a charge dated 1 June 2011 on all of the fixed assets of the charity.

18. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Building grants
Albania School of Light
Hampers
India support
School on site project
The Ark
Rear Stairwell Service Charge & Sinking
Fund
Building Refurbishment Fund
Sierra Leone Shoe Box Project
Youth Mission 2020
Hardship Fund
Pastoral Care
Giving Team
Fareshare
TOTAL FUNDS		 At 1.4.21
£
506,692
65,440
353
239
1,500
337
1,576
2,582
4,794
246
2,407
1,065
809
1,250
2,837
85,435
592,127		 Net
movement
in funds
£
12,394
(1,132)
-
266
20
(337)
(17)
713
(3,766)
-
-
(568)
778
(200)
725
(3,518)
8,876		 At
31.3.22
£
519,086
64,308
353
505
1,520
-
1,559
3,295
1,028
246
2,407
497
1,587
1,050
3,562
81,917
601,003

continued...

Page 20

Gateway Fareham Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

18. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Building grants
Albania School of Light
Hampers
India support
Albania - Wakeley Support
School on site project
The Ark
Rear Stairwell Service Charge & Sinking
Fund
Building Refurbishment Fund
Hardship Fund
Pastoral Care
Giving Team
Fareshare
TOTAL FUNDS		 Incoming
resources
£
175,046
-
9,075
1,157
1,920
750
-
-
3,700
10,395
200
2,200
2,000
2,972
34,369
209,415		 Resources
Movement
expended
in funds
£
£
(162,652)
12,394
(1,132)
(1,132)
(9,075)
-
(891)
266
(1,900)
20
(750)
-
(337)
(337)
(17)
(17)
(2,987)
713
(14,161)
(3,766)
(768)
(568)
(1,422)
778
(2,200)
(200)
(2,247)
725
(37,887)
(3,518)
(200,539)
8,876

continued...

Page 21

Gateway Fareham Ltd

Notes to the Financial Statements - continued

for the Year Ended 31 March 2022

18. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Building grants
Albania School of Light
Hampers
India support
Albania - Wakeley Support
School on site project
Turbocam Gift
Nationwide Kitchen Fund
The Ark
Rear Stairwell Service Charge & Sinking
Fund
Building Refurbishment Fund
Sierra Leone Shoe Box Project
Youth Mission 2020
Youth Ferny Croft
Hardship Fund
Pastoral Care
Giving Team
Fareshare
TOTAL FUNDS		 At 1.4.20
£
499,508
62,404
(23)
610
(300)
(1,252)
212
134
615
1,671
1,956
1,140
246
1,610
32
-
-
-
-
69,055
568,563		 Net
movement
in funds
£
7,184
3,036
376
(371)
1,800
1,252
125
(134)
(615)
(95)
626
3,654
-
797
(32)
1,065
809
1,250
2,837
16,380
23,564		 At
31.3.21
£
506,692
65,440
353
239
1,500
-
337
-
-
1,576
2,582
4,794
246
2,407
-
1,065
809
1,250
2,837
85,435
592,127

continued...

Page 22

Gateway Fareham Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Building grants
Albania School of Light
Hampers
India support
Albania - Wakeley Support
School on site project
Turbocam Gift
Nationwide Kitchen Fund
The Ark
Rear Stairwell Service Charge & Sinking
Fund
Building Refurbishment Fund
Youth Mission 2020
Youth Ferny Croft
Hardship Fund
Westbourne Grove
Pastoral Care
Giving Team
Fareshare
TOTAL FUNDS		 Incoming
resources
£
168,935
-
15,291
292
1,800
2,002
125
-
-
-
3,150
4,154
3,085
65
1,065
5,013
1,000
2,000
3,097
42,139
211,074		 Resources
Movement
expended
in funds
£
£
(161,751)
7,184
3,036
3,036
(14,915)
376
(663)
(371)
-
1,800
(750)
1,252
-
125
(134)
(134)
(615)
(615)
(95)
(95)
(2,524)
626
(500)
3,654
(2,288)
797
(97)
(32)
-
1,065
(5,013)
-
(191)
809
(750)
1,250
(260)
2,837
(25,759)
16,380
(187,510)
23,564

continued...

Page 23

Gateway Fareham Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

18. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Building grants
Albania School of Light
Hampers
India support
Albania - Wakeley Support
School on site project
Turbocam Gift
Nationwide Kitchen Fund
The Ark
Rear Stairwell Service Charge & Sinking
Fund
Building Refurbishment Fund
Sierra Leone Shoe Box Project
Youth Mission 2020
Youth Ferny Croft
Hardship Fund
Pastoral Care
Giving Team
Fareshare
TOTAL FUNDS		 At 1.4.20
£
499,508
62,404
(23)
610
(300)
(1,252)
212
134
615
1,671
1,956
1,140
246
1,610
32
-
-
-
-
69,055
568,563		 Net
movement
in funds
£
19,578
1,904
376
(105)
1,820
1,252
(212)
(134)
(615)
(112)
1,339
(112)
-
797
(32)
497
1,587
1,050
3,562
12,862
32,440		 At
31.3.22
£
519,086
64,308
353
505
1,520
-
-
-
-
1,559
3,295
1,028
246
2,407
-
497
1,587
1,050
3,562
81,917
601,003

continued...

Page 24

Gateway Fareham Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

18. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Building grants
Albania School of Light
Hampers
India support
Albania - Wakeley Support
School on site project
Turbocam Gift
Nationwide Kitchen Fund
The Ark
Rear Stairwell Service Charge & Sinking
Fund
Building Refurbishment Fund
Youth Mission 2020
Youth Ferny Croft
Hardship Fund
Westbourne Grove
Pastoral Care
Giving Team
Fareshare
TOTAL FUNDS		 Incoming
resources
£
343,981
-
24,366
1,449
3,720
2,752
125
-
-
-
6,850
14,549
3,085
65
1,265
5,013
3,200
4,000
6,069
76,508
420,489		 Resources
Movement
expended
in funds
£
£
(324,403)
19,578
1,904
1,904
(23,990)
376
(1,554)
(105)
(1,900)
1,820
(1,500)
1,252
(337)
(212)
(134)
(134)
(615)
(615)
(112)
(112)
(5,511)
1,339
(14,661)
(112)
(2,288)
797
(97)
(32)
(768)
497
(5,013)
-
(1,613)
1,587
(2,950)
1,050
(2,507)
3,562
(63,646)
12,862
(388,049)
32,440

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

20. PURPOSES OF RESTRICTED FUNDS

The purposes of the restricted funds are as follows:

Hampers - provision of a Christmas hamper to local people in need

India Support - support of the charity Jeevan Asha, who help to provide education and support of young people from the slums.

Albania - Wakeley Support - support of Nick and Sar Wakeley who work with the community in Elbasan, Albania.

Building grants - donations are received for specifically maintaining or developing the building.

Sierra Leone - collaboration with Practical Tools Inactive to relieve poverty and hardship in deprived post war communities. Tools, learning materials and mobility aids are sent to Sierra Leone, along with support for running a school for 300 children from 3 villages in and around a Quarry.

Page 25

continued...

Gateway Fareham Ltd

Notes to the Financial Statements - continued

for the Year Ended 31 March 2022

20. PURPOSES OF RESTRICTED FUNDS - continued

The Ark - a toddler group which is run weekly in the building called 'Melody Makers'.

Rear stairwell service charge and sinking fund - there is an access stairwell that leads to the office but also leads to some flats above us. Gateway Fareham manage the electricity, cleaning, health and safety, maintenance etc. The flat owners pay a service charge into this fund once a year.

Youth mission - donations from the congregation set aside for the youth to do a summer camp or something similar.

Hardship fund - the church set aside some funds to help out anyone in the church who need some financial support.

Pastoral Care - the church set aside some funds to help out anyone in the church who need pastoral support. This may be counselling or training.

Giving Team - there is a team who oversee the giving projects and causes the church support and keep the leadership accountable. They have some funds available to them for things that arise that they feel need financial support.

Fareshare - the church set aside some funds to help out anyone outside the church who need some financial support or it goes to some community based projects.

Page 26

Gateway Fareham Ltd

Detailed Statement of Financial Activities
for the Year Ended 31 March 2022
31.3.22 31.3.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Gifts 2 (1)
Donations and legacies 155,282 163,382
Gift aid 28,764 29,716
184,048 193,097
Other trading activities
Rental income 25,367 12,069
Charitable activities
Grants - 5,908
Total incoming resources 209,415 211,074
EXPENDITURE
Charitable activities
Wages 54,709 55,485
Social security 2,147 -
Pensions 2,866 4,340
Sundries 1,153 21
Training 1,072 1,255
External support - Social concern 15,578 15,367
External support - Churches Together in Farnham 50 170
Social activities 1,934 -
Youth and children's work 2,905 1,614
Tapes and literature 15 467
Evangelism 156 427
Other support gifts 1,472 3,093
Albania/Kosovo 12,562 18,065
India 4,852 2,792
101,471 103,096
Support costs
Management
Sundries 320 22
Other
Wages 42,763 45,774
Social security 996 -
Pensions 2,050 -
Rates and water (292) 1,213
Insurance 1,973 1,507
Light and heat 3,618 2,444
Telephone 651 976
Carried forward 51,759 51,914

This page does not form part of the statutory financial statements

Page 27

Gateway Fareham Ltd

Other
Brought forward
Cleaning and consumables
Other premises expenses
Refreshments
Printing, postage & stationery
Repairs and maintenance
Accountancy
Legal and professional
Depreciation of tangible fixed assets
Bank interest
Total resources expended
Net income		 Detailed Statement of Financial Activities
for the Year Ended 31 March 2022
31.3.22
31.3.21
£
£
51,759
51,914
1,602
1,171
622
882
1,202
22
2,063
2,555
20,551
7,433
1,500
1,560
1,058
1,051
13,782
13,205
4,609
4,599
98,748
84,392
200,539
187,510
8,876
23,564		 Detailed Statement of Financial Activities
for the Year Ended 31 March 2022
31.3.22
31.3.21
£
£
51,759
51,914
1,602
1,171
622
882
1,202
22
2,063
2,555
20,551
7,433
1,500
1,560
1,058
1,051
13,782
13,205
4,609
4,599
98,748
84,392
200,539
187,510
8,876
23,564
84,392
187,510
23,564

This page does not form part of the statutory financial statements

Page 28