**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:
- To advance the Christian Faith, in accordance with the (evangelical) Statement of Beliefs, in the Solent region and in other parts of the United Kingdom or the World as the trustees of the charity think fit;
- To fulfil such other purposes which are exclusively charitable according to the Law of England and Wales and are connected with the charitable work of the Charity;
- To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the said location, and in other parts of the United Kingdom or the world as the trustees think fit.
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:
- To be recognised as charitable, all organisations advancing religion must be able to show there is a moral or ethical frame work which is promoted by the religion (see 4a below) and
- It is in promoting this moral or ethical framework that a charity is capable of impacting society in a beneficial way
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**
- 'The Crafty Makery' continued to support the local community from its shop unit in the Fareham's shopping precinct with several volunteers from the FCC church family. It is a popular venue in the town, providing
- - opportunities to chat, drink coffee, be creative and learn new skills.
- The church was opened every Friday as a drop in, serving refreshments to the local community and passers-by,
- Carol singing and at several Fareham Care Homes
- Cream teas were served to members of the F3A (older generation gatherings)
Page 4
Gateway Fareham Ltd
Report of the Trustees for the Year Ended 31 March 2022
## **OBJECTIVES AND ACTIVITIES**
- A Christmas collection raised £400 and was used to provide Christmas food boxes to those in need.
- We also supported the Gosport and Fareham Basics Bank.
## **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:
- Recovery groups:Narcotics Anonymous, Cocaine Anonymous and Alcoholics Anonymous
- Love4Life (Fitzroy Group): an organisation providing social activities for people with learning difficulties Inclusion (NHS) - an addiction recovery group, which runs alcohol-free social events and training for those
- - working in this sector
- HCC Hampshire Achieves - who provide teaching and training programmes for young children
- - Fareham Borough Council
- Community First
- One Community
- - Crafty Makery
- Mandaleigh - local dance group for children
- Light Up - children's drama group
## **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:
- To protect a steady annual income which allows the support of an equivalent level of activity of the Charity over the long term
- To follow an investment policy designed to provide for a level of income that matches inflation and protects the real value of capital over the long term
- To follow a policy, which provides high security, with the highest achievable total return commensurate with the ethical guidelines of the Church of England.
## **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:
- We meet the "spirit and the law" of all charity legislation, guidelines and working practices
- We operate sound financial practices and keep our expenditure within the reasonable bounds of our income and assets
- Our activities are in purposefully designed to meet our charitable objectives and that they provide public benefit
- That all expenditure is made in pursuance of our Trust Deed objectives. (All expenditure over £500 requires Trustee approval)
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:
- Operational performance, including risks to the Charity's personnel and volunteers;
- Achievement of the Charity's aims and objectives; and
- Meeting the expectations of the Charity's beneficiaries or supporters.
The following framework is central to ensuring adequate risk assurance:
- Regular monitoring of major risks and development of action plans;
- Embedding risk identification and assessment with operating procedures; and
- A clear structure of delegated authority and control.
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
3. 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
4. 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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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