Comp8ny regislralion number.. 05977250 Charity registral¢on number.. 1116962 GATEWAY FAREHAM LTD TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Illljllllll AEHYUKTC 2211212025 COMPANIES HOUSE A20
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Gateway Fareham Ltd Contents PJge Trustees. Report Independeni E*aminorf$ Rfjport Slalemenl ol Financial Actiwlies lindurfing In¢ome and Expermliture A¢untI Compiralive Slalemeni ol Fbnancial ActivllleB lindudbng Income and Expendllure Account) 10 aalance Sheel 11 Noles lo the Financl81 SlaiementS The following pa#?$ do not lom patl ol the sialutory occounls.. Detailed Slatemenl of Finand81 Acliwlie5 Ilncluding Income and Expenditure Accounti I21
Gateway Fareham Ltd Company No. 05977250 Trusteès, Report For The Year Ended 31 March 2025 The trvslees present thoir feport and Ihe financial slalemenls lor the year ended 31 Marth 2025. Obloctl¥•s and Actlvlli•$ Alms and Oblectlves The InJst¢es who are olso dlr&dors of the ch3rtly lor the purposes of the Companles AGI 2006, present Iheir report wlth Ihe finandal 518lemenl8 of the charity for the year ended 31 March 2024. The liusle¥s h8ve adopted the prowsions ol A¢¢ouniing and Repcrting by Charities.. Slalemenl ol Recommended Practice applicable lo charities preparing Iheif aGGounls in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (effective 1 J8nuèry 20191. Revlew of th• year During the ye8r. Galeway Church Fareham conlinued lo operale under its new name, affirming ils identity and mi55ion wilhin Ihe local community. Following Ihe departure ol Senior Pastors firn and Danni Lockwood, the church has Iransilioned lo an independenl l¢aiJership model un<f&r Ihe guidance of Slle Pastors Martin and Gabi Ooyle. This period rnarked a SignifinI Iransilion as the churth move¢J Irom tsperaling across Iwo siles lo a single locallon. Mile Ihis change initially led to ¥ drop in congre981ion nvmbers and a corresponding t1ecrease in income.11 also providèd an opportunity to refocus and consolidale the church's mission. Since the Ir8nsillon, we have seen a Steady 8nd encouraging increase in allendance. alongside growth in the bre8dlh ol 8clivilies and ovlrea¢h inil18llves. The chvrch facllllles have been increaslngly ullll$ed for both failh-based gnd communily.locused evenl$, enèbling Ihe eharily lo fvrlher 115 oblec¢ives. partlculady in rellevlng h8rdshlp 8nd supporting Ihoye in need, Th& Truslees are pleased wilh the progress inade and remain commilted lo ensuring Ihal Gateway Church Fareham conlinues lo seNe the eommunily in accordance with 11$ Charitable a¢ms. Obl•etl¥o$ tsf Ihg ¢h•rlly The Charity is oovemed by 8 Mgmgrondum and Arti¢Jis ol Assodation, In which 115 objectives are sel oul. The Charity h86 ¢ontinued lo piodaim and leach the Christian Gospel and care lor people in the community ol Fareham in line wilh tsur charitable Objec¢s. Oblg¢tlv¢8'. To 8dv8nca lh• Chrlsllan Falth, in a¢cordan¢e with the l&vangelic811 Slatemenl of 8ellols, in lh• Sol•nl rgoion and in other p•n$ ol Ihe Unlled KingI)m or Ihe Wodd a5 the Iruslees ol the charity think fil To luifil such other purposes which are exclusively ¢l)8rll#bl¥ attording 10 the Law of En918nd and Wales and are connected wllh the cha¥ilable wo¥k ol the Charity.. Tts r*lieve person5 who are in condllSons of need or hardship or who are aged or $i¢k 8nd lo relieve the di51res5 caused thereby in the said location, and in other parts ol Ihe United Kingdom or the wortd as the trvslee5 thlnk nl. The poli¢y ol lh& Chariiy conlSnueG 10 be Io Seek financial support lo continLte lo pursl the objgcllves above, lthen pl4nnln9 the actimtits for Ihe year. the Tru31ees hove conBldered Ihe Commlsslon's guldance on publ[¢ benofil Und, In partlculbr. the 5peclfic guidance on chariiles for Ihe aLlvancemenl of ieliglon, Sl9nllleant Actlvltlgs Advanclng th• Chrl$tl•n Falth Throughout the yegr, Gateway Church Faieham has ¢onlinued 10 grow in boih allendance and engagement, suppoded by a wlde range of aclivilies Ih81 refleei our charitable obj'eclives. Sunday MDrnlng Sgrvlc•• have remalned central lo chuich Ille, offorlng ac¢es$ible •nd relevanl l?Bchin9 on biblical themes, personal growth. and the mlssion ol tha church. Improv•m•nls lo servi¢tr lool$ii¢s and the Inirodueiion ol welcome packs hav• helped inlegr81è 33 new mtrmber$ Into the church communily. The Gateway A¢ademy has provided deeper theologl¢al leaming through courses such ?s Expewrencing God and Open Book. Open Book olfer5 Slnjctuied Bible 51udy and exploration ol key theological themes, helping parti(ipanls gfow in their understanding of Scriplure and Chiislian doclrine. Plans are In plarx lo expand the Academy'6 offering5 lo include Freedom in Chiist and Alpha, further supporling spir¢lval developmenl and discipleshlp. Conngct Groups, now numbering eight, offei midweek fellowship and paslor81 support. Faolitalors are regulady supported Ihrovgh meellngs and training sesslons, helpin9 them lead eNeclively and conlribule to Ihe church's pasloral care slrat09y. Our Men's and Women's Mlnlstrlgs have hosted events such 85 breakfasts, curry nighls. and fellowship days. with consislenl attendance ranging from 20 to 35 participanls. These galherings 1051tr connection and encoura9emenl in failh and daily life. Wor8hlp •nd Pray•r have been strenglhened Ihrough monlhly prayer breakfasls. weekly g8lhering$, and $pe¢l81 weeks tsl prèyer end fastsn9. These events have fo¢used on Ihemes su¢h as healing, global is5ves, and local community needs. The worship leam has also facilitated training and fellowship lor mus¢cians and leaders. ..CONTINUEO Page 1
Gateviay Fareham Ltd Trustees, Report {¢ontinued) For The Year Ended 31 March 2025 Signlflcant A¢llvltl?¥. continu•d Pastoral Support has been delivered ihiough a dedtcated team ol 10 members who meet monthly lo assess needs. play, and implement practical care plans. This leam represents vanous areas of the chur¢h and plays a key role in suppcrting ernolional and 'spirilu81 wellbeln9. The worshlp team h85 also facilitated Iraining and lellow5hip for musiaans and lea(Jers. hfylping lo slrenglhtn Ibe quality and consislency of worship au055 church g8lhenngs. Youth and Chlldrgn,? Ministry Our youlh 8nd Children's programmes coniinue 10 grow. supporting Ihe ch#rity's obleclive$ lo advanu th& Chrisllan l•llh •nd rollève hord8hlp. Svnday Youth Sesslon5 are held weekly, engaging aiound 12 young people in Bible study. prayer. and lellowship."These sessions are deslgnod lo nurlure faith an(J bulld community among leenagers. Prals¢ Partle5 lake place once every hall lerm, brlnging together thildren and youth for ini8rgeneraiion81 worship. storytelling, and prayer. These events losler unity and share spiritual experience. Sat•llltes, a summei camp fo'r leenage¥s, saw parti¢iPalion Irom both Fareham and W8ier5ide siles. The church subsidised cosls lo ensure accessibility, 5UPPQrting' youn9 people in"deepéning Imeir faith. Chlldrèn's Church serves approximally 20 ¢hlldren weekly across Iwo age 9rovp$. ActilIeS indude themed sèrvices, outreach projecls. and seasonal evenls suth as Ihe"Lighls Party and Holiday Club, which ieathed 60 thildren. We also p¥rtiupated irl ecumenlcal inllialSve$ like Messy Church, helpln9 to build lationShipS auo$s the wider community. A new curriculum using LEGO has be•n inlroduced to enhanu engpgernenl and blbllcal leamlng. Toddler Church prowdes 5iruclureLI sessions lor childn agetj ¢H. combining sensory play, sloiie5, and pr8yer."The programm8 indudes rnonlhly "Ihanklul servi¢e$' during ¢ommunion, helping lo(Jdlers begin to under51and themes ol oralilude and Jesus, love. 11 also support5 parents in nurtvrln9 failh at home and builLling rel8lionships within Ihe church communily. R•ll•f ol Need, Hardshlp, Outreach aiid Glvlng Gateway Church Fareham continues 10 invest In ovlreach Inlllalives IhJi serve both the local and Inlernalional comrnunlly, renecllng our commitmeni 10 publir benofil the rellef ol hafd$hlp. Ovtr•a¢h Youth C•fé has become a vital midweek outreach, offering a safe and welcomlng space for young people from local schools gnd olleges. Wilh free refreshments, games, ard Social iniera¢iion, the calè regUlaY hosts around 30 gtten(Jees. 11 provldes 8 tangible expression of h05pilalily and care, with ongoing plans lo expand ils availabilily. Breikoull a monlhly lolnl event with Gateway Walerside, olfer5 fun and engaging acliwlies such 85 dSycos. scavenger hunts, and games nights. These evenl$ ore de$lgn•d to build cornmunlly among churched and non-churched youth, demonslrallng thal ¢hurch can be a place of joy and connection. Plans are underway lo Increase frequency lo 15 events per year. inclvding Saturday session$. Music M•k•r• 4nd Toddler Groypj reach out lo families wilh young thildren, ollerlng themed Bessicns Ihai indude 5tgries. ¢r8fts, prayer, and sensory play, The58 group5 aim lo bulld relallonship3 with familie5 and Inlroduce children lo the love of God In an I$51b1e and nurturing env¢ronmenl. Me•t, Greet and Eat is a public drop-in inilialive open to all ages, offering free lea, coffee. cake. board games, ano eonver5alion. It pro¥Ad•s g relaxed and inclu8ive environment for bulldlng In'end8hlps and Community, especially for Ihose who rnay feel isol8led, Our School •ngag•m•nt conlinues Ihrough weekly woth al 11a750n Prirnary School and Ihe PFZ Club, proiding lailh-based actiwlies and 5UPPOrt lo chlldren in an educational selling. Int8rnatlonal Outreach & Glvlng Albonlj, the church continues lo financially supporl Nick and Soroh Ann Wakeley, who through Iheir chgrllable work promole the Chfislibn faith and relieve hardship due lo poverty and illness. Indla, Gateway Church Fareham's prlmary contact Is Basil de Souza. Many church members help lo provide education and support of young people from the slums through the charity Jeevan Asha. Also, the church sUPPQrts School of Mini51ry Iraining of paslors. Sl•rra Leone. Practical Tools Inllialive is a charity crealed by church member James FallBh-Willlams. 10 relleve poveriy 8nd hardship in deprived posl-war communilies. James is based in our offiS. The charity rolleGts, relurbishe5 and sends used loots. leaming materfals and mobility aids lo Sierra Leone, which 8re used for education, lo cale ernploymenl and relieve hardship among disabled people, single mother5 and young offenders. Gateway Church Fatsham conlinues lo provide financial support lo this irnitialive in support of the on90ing projects, svch as running a school lor children and funding projects lo provide clean waler and sanilalion lacililits. Don4iion$ & Volunt••rlng .,CONTINUED Page 2
Gateway Fareham Ltd Trustees, Report Icontinuedl For The Yoar Ended 31 March 2025 Slgnilicont Aetlvltl•$- ¢ontinued Chrislmas Hampers.. £2.138 (£148 rnore thJn 18sI yearl was donaled by chuid) members provide Christmas hampers to local people in need IG allewale finanoal hartJship. Sever81 mernber5 of the church have volunteered and helpe¢ wn Ihe 'Crafly Makery,. based in a shop unil in Fareham Precincl. This 13 a pgpulgr venu• In the lown, provlding cornpanionship and opporiunilles lo b¢. ¢realiv, l•arn new skllls, chal, and drlnk ¢offe•. We are $upported by 3 dedicaled leam 0160 volunteers who serve auoss a wide range ol role5. helplng lo meet the pracliul and spiritual needs ol the church and maintain the quality of our ministries and operations. U$ln9 th• Klngs ¢nt to Support Local Charltles As well as beln9 used lo Ivrther the Christian Fallh, Ihe G81eway F8i•ham's bLtilding. the Klng's cenlre, continued lo provlde office and meeling space lo organisalions wilh which we Share ¢ommon objeclives. Space was provided free ol charge or al greally reduced rates lor some Ghafjlie5 and comrnunlly.9roups. Gio¢Jps using Ihe lQ'ng'$ Cgnlre dunng the ye3r Indude.. R•cov6ry groups.. C8nn8bls Anonymtsus Narcotics Anonymous. C4¢Gh 22- J 3pedalls1 Iregtmgnl $grvl¢e lor young people affeae*J by 8ubslance rnisv8e. Incluslon an NHS Wellbein9 and Change SeNce Ihal works wilh indiv#luals, famllles and MMunItieS who are altected by oddicllon. crime. mental heatth Of need treatment lor Iheif sexual health. Counsèlllng and th•r•py s•rvlt•s,' Holding Hope with N8lalie and The Mlnd Sanctuary. Communliy A¢iion T••m IF8reham 8orough Council). Churches Together In Far•haffl Hollday Club. HCC Hamp$hlr• A¢hl¥v•$.' who prowde leaching and Iraining programmes for young people. Klngig•t• School. Lov•4Llf• (Fltzroy Group).. an or#8ni8allon providing sorAal aclivilles lor people with le8mln9 diffi¢ullles. Lookln9 Ahèad As we look to the Iuiurè, G¥leway Church Fareham remalns commltl•d lo •xpandlng Ils ch8rllAbl• ouireach. W¢ Aim 10 increase our youlh engagemenl Ihrough increased frequency of &veni$ like Youlh Café and Bre8koull. and lo deepen our svpport lor lamilies Ihrough Musle Makers and toddler programme5. Plans are underway lo slrenglhen partnershlps wilh local schools and comrnunily group5, and 19 coll8borale wilh olher churches in Fareham lo hosi monthly youlh worship evenings. We are also exploring the Viv81 of Chill Church, a yothh.led worship and prayer evenl. lo lurther support spiritual growth among young people. These efforts ieflecl our ongoing dedicalion lo advon¢ing the Christian lailh 8n(J reliewng hardship in Fareham and beyond. Pvblk Beneflt We have rtrlerred Io Ihe 9uidan¢e contained in the ChaTily Commission's general guidance on publlc benefit when rewewing our aim and objectives and In planning our lulure actiwlies. In parlicular, the Irustees consider how planned actiwties wlll contribute 10 Ihe 8im5 and oble¢tive$ Ihey have $•1 oul. The trustees confim ihal they have complied with" Ihe ieouSrem8nls ol Se¢tSon 17 01 Ihe Charilles A¢1 2011 to have due regard lo the Charily Comrni55ion's guitlance on public benefrt. Addbtlonal Not• Volunt•0 The InJslees are very grateful to all the volvnleers who helped the church to ¢arry out Its actlvllie$ and lulfjl Ils obiedives Dver the year. Allhough Ihe church is highly dependent on ils volunteers lo fulfil 115 obiectives the lolal value of Ihe volunteer's inpul has not been quantified. A¢hlo¥•m¢nt¥ ¥nd Pertomion¢• Page 3
Gateway Fareham Ltd Trustèes. Report (continued) For The Year Ended 31 March 2025 Main Achiev¥mgnt¥ Ch•rltabl• actlvltl•• Through all the many aclivilies listed above, Galeway Fareham has successlully mel ils slated aims of advanang the Chrislian Gospel and achieved this across 8118ge groups. It has openecs Its doors to Ioc81 ¢haii¢i&s 8nd also showed hospiiality lo the local community. It has also lieved povtrrty within Fafeham and intemationally. Flnanclal R•vlew Flnancial Positson Inv•stm•ni Pollcy & Obl•etlvè& To gulde lh¢ Investment slrAlegy Ihe boafd of Trustee6 has qdopled Ihe lollowing objecliv•s'. To protect a steady annual tncome which allows the support ol an equivalent level ol Jcllvlty of the Charbly over the long lem To lollow an Investment policy d•signed to prowide lor a levèl of income Ihal matches inflallon ond protects the real value ol capitol over Ihe long lerrn To follow 8 policy, whlch prowdes hlgh $8¢urlly, wllh Ihg hlghesl achlevsble lolal return commensurate wllh Ihe elhlcal guidelines ol the Church of England. Incom• & Rè#•rvè$ Op•r8lional income foi the y•ar was £190.68812024'. £194,435>, dertved from don4llon$, 8nd room hire income. This represenls a decrease of £3.747 compared lo Ihe preou5 year. Thls redu¢tlon refl&¢ts the impact ol consolidaling from fv40 church siles lo one, which inilially led lo lower allendance and giving. While nurnbers have not yel returned lo prevsous levels, we are encouraged by a 51eady upward Ifencl Sn enga9ernenl and pèrlicipalion. The Ifuglees are happy Ihal Ihe charity has eom• Ihrough Ihls y••r on a sound finandal fooling and h8v8 mainl8ined our reserve5 In accordance wllh Dur re5erve3 pollcy. Reser¥e¥ Pollcy The charily held unrestricted reserves 01 £84,494, iestricled re8èlWè8 of £10,798 8nd Oeslgnaled re8eNes 01 £514,606 8131 March 2025. The Trustee$ have resolved lo establish reserve& to prowde lor luture ac¢ivitSe6 and to mlllg8le lulure sk5. The Tw$ieeB wlde powers of inveslmenl are carried out wilhin the conlexl ol ihe staiemertt ol Investment prlnciples sel out above. The policy on reserves is thal the exisling assels are retained lo produce income, which is wholly ulilised to support existing activities. A minimum level of reseNes Is Sei ai months, worth of e¥pense5 which is £30,000. Addl¢lonJl Not• prOrtY The King's Cenlre. Ihe home ol Gateway Church Fareham, is a larye. 0-s1Ory morl9aged premises on ono tsl Ihe shoppin9 slreeis of Fareham, The building is o $our¢e of rental income bul also provides public benefil by Ihe provision of meeting space at a svbsidi5ed rale lo organlsatlons wilh similar objecllveB. Slructure. Gov¥rnon¢o and Man•g•m•nt Governlng Ooeum•nt The Charity is a Company limited by guarantee as defined by the Companies A¢1 2006. 11 was formed under a Memorandum of Association, which eslabllshed Ihe objects and powers ol the charitable company and 15 governed under ils Articles of Associ81ion. In the event ol winding up. Members of the charity will be required lo conlribule vp lo a maxirnum of £10 each Page 4
Gateway Fareham Ltd 'Trustees' Report (continued} For The Year Ended 31 March 2025 Trust•0 Seleetlon Methods New TnJsleeB can be recommended by bolh Ihe Leader$hlp Team and lh Boord of Trustees and are appointed by the Tru$lees. There are no Ihird parties who can appoint Truslees. Trusiees 8re feouired lo agree with the Statement ol Faith sel ovl in the Memorandum of As50dation. New Trustees are appointed lo which Ihey have Ihe necessary skills to contribute to the charily's managemenl developmnl. hen new Truslees are appointed, they are Introducecl lo the work of Ihe Trustees and provjded wllh a copy ol (he 'Essenlial Trustee, brochure. They are also provided with additional Irait)ing opportunits'es durin9 the year. Addltlonal Note Org•nls•tlon41 Structur• ol Trustee• During the flnancial year. the exisling Board of Trustees was lormally dissolved and replaced by a newly appointed board, with trustees slepping down in a staggered mannei to ensure a stable Ifansilion. Gary Hammett wa5 reappointed as Chair, providing continuily ol leadership This govemance change. carried oul in accordance with Ihe charity's goveming document and procedures, was inlended to slrenglhen overslghl and ensure coniinued alignment with Ihe tharily's slralegic direction. The 8oafd of Trustees Is composed tsf individv8ls who bring a range ol perspeclives and experiences as members ol Galeway Chvrch Faieham. The Iruslees are active members ol the ¢hurd), en$uring alignment with 113 value5 and rnisslon. Details ol Iruslees who served during Ihe year, including those who Stepped down and those newly appointed or reappointed, are Pfowded b•low. Zila Derbak IResloned 30 September 20241 Gary Hommell (Resigned 20 Oclober 20241 Gary H•mm•tt IRe8ppointed 23 D&cember 20241 Jam?3 Yeo IAppoinled 23 Oecernber 20241 James Fallah-williams IResigned 30 Oecember 20241 Paul Hillier (Resigned 31 January 20251 Andrew Willlam$ IAppoinled J2 February 20251 Danlel Barngs IAppointed 4 February 20251 Rob Snelling (Resigned 1 April 20251 Fr8n Gouldstone (Resigned 31 May 20251 The Artides ol A$soclalion allows one paid •mploy•e lo bfr o Truslae, prowdin9 th81 pald member 18 employed a$ an elder ol the church. although any Such Irusiee shall not bts involved in discussions involving staff salaries or olher benefils. During Ihls financial year there weie no pald employee5 on Ihe Board of Trltslees. The Tiusiees are responsible lor overseeing Ihe Charity Se of the Ille 8nd work of the church. In addition lo Ihelr slalulory duties, Ihe Trustees are responslble lor ensudng Ihal". meei ihe "splrii and Ihe law" of 311 charity legislalion. guidelineB and wothing praclices operate sound financial praclices and keep our expenditure wilhin Ihe ieasonable bounds of our Income and 888els Our 8cliMlie$ are pU0$IU]IY designed lo meel our charil¥ble objective5 Bnd Ihgt they prowide public benefii That 811 expenditure Is made In pursuance of our Tru31 Deed oblectives IAII expendllure over £250 reqvlres Trustee approval). There ts no fixed lerm of office for Iruslees vnder Ihe tharily's goveming documeni. However. for Ihe purposes of governance stabtlily and continuity, trustees are geneially expected lo serve a minimum term ol two years and there is the undeislandsng Ihal a trustee member cannoi 8erve rnore Ihan 4 years conlinuously, The chyrily rnainlain5 a proces5 for the ¢rUit[enl. inducts'on, and ongoing developmenl ol Iruslees lo ensuie effecllve oveisight and slew8rdshlp. The truslees are a150 Ihe direclors lor the pU0$e ol company law. The Trustees meel regularty during the year bul delegale the day-to-day responsibility for admInitering the aGtiwtie8 uf Ihe charliy 10 ¢he church Leadership fearn. church worker5 and office admini5tralion 5taN. The Leadership Team are also responsible lor overseeing and managing the charily's employees antj liaising with olhers lo whom Ihe Tru51ee5 have ronl¥aGled lo undertake various projecls and initialives. The pay of Ihe si8ff1s rewewed 4nnually and normally Increased in accordance with averaoe eaming5. In vlew ol the nature of Ihg chgriiy, the Trustees benchmark against pay levels In other chBdlies of similar slz¢$. Risk Manogemenl The Irustees h8ve a duly lo identify and VieW Ihe ri5k5 lo which Ihe charity is exposed and lo ensure appropriate controls are in place to provide aSonable assurance againsl fraud and error. The Iiu51ees ol the charily ale salisfied Ihal the $y$lem$ •r8 In place lo mltigal* exposure lo Ihe major risks, whi¢h h8ve been ideniifled as follow5.. Operational performance. ..CONTINUED P8ge 5
Gateway Fareham Ltd Trustees. Report {continued) For The Year Ended 31 March 202S Additlonal Note . continued Risks lo the Charity's pEisonnel and volvnteers. Athievemenl ol the Charity's aims and objeclive5. Meebrtg the expectations ol the Charilvs benefiaaries oi supporters. The lollowing Iramework is central to ensuring adequale risk assvran¢e'. Regular monllorlng ol major rlsk3 and development ol 8ellon plans. Embedding risk idenlific81ion and assèssmenl wilh operatin9 pro¢•dures. A cjeèr structure of delegated aulhorily and control. In a6se5sinq risk Ihg Trusltses reGognls* Ihal some ore8$ of the Charitls work requires Ihe acceplance and managemenl of risk 11 Ihe Chgrlly'$ key oblecllves are lo be achieved. Safeguardin9 pro¢edures and policies are in pl8ce and Ir8inlng promded for all slaff and volunteers. Theie is a robusl safef recrulllng procedure in operation for all pos15 and volunleer ¥oles. There 15 an annual safeguarding rewew. The safeguarding policy is pvblidy avallable. Procedures and policies are in pla¢e and training is provided lo ensuce risk 1$ minimised and compliance with heallh and safety to staff, volunleers, dienls and s110rS to the chuich's meeling5 and aclivilie5. Releronce •nd Admlnlstrutlv? D¢tJll$ Mr Jomes Yeo lappoinled 23112120241 Ireslgned 03107120251 Mrs Zila Derbak Iresi9t)ed 30109120241 Mr Gary Hammett lappolnled 23112120241 Mr Gary Harnmeit lappolnled 23112120241 Mr Gary Hammett Iresigned 20110120241 Mr Gary Hammett Ireslgned 20110120241 Mr Andrew wlliams18ppoinled 12102120251 Mr D8niel Bames18ppoinled 04102r20251 Mr Robert Snelling Iresioned 011041202SI Mi Paul Hillier (resigned 3110112025 Mrs Frances Gouldsione Iresi9ned 311051202SI Mr J¥mes Fallah-wlliams (resigned 30112120241 Charlty Numb•r 1116962 Company Number OS977250 Independenl Exominèr Johnslon Wood Roach Ltd Johnslon Wood Roach Lld 24 Plclon House Hussar Court Weslside Viow Walertooville Hampshiie P07 7SQ Page 6
Gateway Fareham Ltd Trustees, Report (continued) For The Year Ended 31 Mar¢h 2025 Small Company Rules This report has be•n prepared In ac¢or(lance with the special Pfovlsions relaling 10 ¢ornpanies SLtbjecl to the small companles reglme withln Part 1S of Ihe Companies Acl 2006. Th• Iwsiee3' ieport W88 3pprov•d by the board ol liusiles and $ignad on 11$ beham by.. Mr Andiew Wilhams Truslee Dale 18 Dec 2025 Page 7
Gateway Fareham Ltd Independent Examiner's Report to the Trustees of Gateway Fareham Ltd For The Year Ended 31 March 202S I feport to Ihe charity trusiees on my examinalion of the accounts olthe Company for Ihe year ended 31 March 2025. R•¥pon•lbllitl?• Jnd Bo518 ol R•port A5 Ihe charity truslees ol Ihe Company land also Ils directors lor the purposes of company lawl. you are responsible for the pparatIOn ol Ihe a¢¢ounts in accordance with the requirements of the Comp8nie5 Act 20061'lhe 2006 Actl. Ha¥Ang satisfied myself Ihal the accounts ol lh Company Ar• noi requlred lo be audiled under Part 18 01 the 2006 Acl and are eligsbl• lor indèpendenl examination, I report in respect ol my examinzlion of your charity s aontS as carrie(J out undti sects'on 145 01 the Charilies Acl 2011 I'lhe 2011 A¢l'l. In ¢arryin9 out my examin81ion I have lollowed Ihe Diredions given by Ihe Charity Commission under seclion 145151 Ibl of Ihe 2011 Acl. Independènt Ex•mln•r'$ Stst•m•nt I have compleled rny examinali¢)n. I confirn Ihal no mallers have come lo my atlenllon in connection with Ihe examination giwng me cause lo believe.. 1. accounting records werè noi kepl in respect ol the Company as required by $e¢tion 386 of the 2006 Act.. or 2, Ihe accounls do nol 8ccord with those cOrdS., or lh• accounts do not comply wilh Ihe accouniirt9 reqIreMentS ol $e¢llon 396 of th• 2006 A¢1 Other than any fequlrmtnt Ihol the accoun15 glve a'lrve and lair view, which Ss not 8 maller considered as part ol an independenl examination., or 4. the accovnls have not been prepared in accordance wilh the melhods and principles ol Ihe Statement ol Recommended Pra¢trce for ace¢uniing and reporting by ¢h8rilie5 8pplicable lo ch8rf1ies prepJring Iheir ottounig In Jccord8nce wlth the Financial Reportlng Slandard appllcable In Ihe UK and Republic ol Irelgnd IFRS 1021. I have no concerns and have come across no other matters in connection with Ihe examlnalion lo which altention should be drawn in Ihis report in order lo enable a proper underslanding ol the accounis lo be reache(J. Johnston Wood Roa¢h Ltd Dolt 24 Piclon Hous9 Hu$$ar Covri slside View Walerfooville Hampshlre P07 7SQ Page 8
Gateway Fareham Ltd Statement of Financial Activities lincluding Income and Expenditure Account) For The Year Ended 31 March 2025 2025 2024 UnrÈ*trlet•d R•$lrl¢tvd Total lund• Tolal lund• funds funds Notes INCOME AND ENOOWMENTS FROM.. Donalions and leg¥¢les Oiher 123,097 51,303 16.288 139,385 51,303 165.067 29.368 174,400 16,288 190.688 194,435 EXPENOITURE ON.. Charitable 8th'bilies'. ReoulAr church acliwlie5 artd mlnlstry Support for th• needy Overseas mission Supporl Costs 1155,5691 12,4181 119,3451 18.5011 1164.0701 {165.2441 141 12,4221 11,9341 (13,7261 133.0711 115,8001 17151 1177,3311 122,2321 1199,5631 1183,6931 NET IEXPENDITUREIIINCOME 12,9311 15.9441 18,8751 10.742 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS.. 12,9311 15,9441 18,8751 10,742 Tolal funds broughl lOard 602,031 18.740 618,771 608.029 TOTAL FUNDS CARRIED FORWARD 18 599,100 10.796 609,896 618.771 Thè note8 on pages 12 10 18 lom) part of ihtse financi81 slolements. Page 9
Gateway Fareham Ltd Comparative Statement of Flnancial Activities (including Income and Expenditure Account) For The Yéar Ended 31 March 2025 2024 Unregtrletod R•strlet•d Total lunds funds funds Notès INCOME AND EN00Ify7IENTS FROM: Dgnalions and legacies Other 149,283 29,368 15,804 165,067 29,368 178,631 15,804 194.435 EXPENDITURE.ON.' Ch•rflable 8¢1111$. Regular chuich acliwlies and minislry Support for the needy Overse8s mission SLtpport ¢o$l$ 1158.7361 11.9201 110.1531 17151 16,5081 1165,2441 11,9241 115.8001 17151 15.6471 1171,5231 112,1701 1183.6931 NET INCOME 7,108 3.634 10.742 NET MOVEMENT IN FUNOS RECONCILIATION OF FVND8'. Total funé5 brought forward 7.108 3.634 10.742 594,923 13.108 808,029 TOTAL FUNDS CARRIED FORWARD 16 602,031 16,740 618.771 The notes on pages 12 10 18 fom parl of Ihese financial 51alernenls. Page 10
Gateway Fareham Ltd Balance Sheet As At 31 March 2025 202S 2024 Unrg¥tricted Restrlcted Total lundg TotJl funds lunds fund? Nol•s FIXED ASSETS Tangible Assets 10 621,815 621,815 635.592 621.815 621.815 635.592 CURRENT ASSETS Debtor5 Cash 81 bank and in hand 11 7,129 57.953 7,129 68.750 7.852 74.075 10,797 65.082 10,797 75,879 81,927 Credl¢or•: Amount8 Falllng Ou• Wl¢h5n One Y••r 12 128,9821 128,9831 123.9481 NET CURRENT ASSETS ILIA81LITIESI 36.100 10,796 46,896 57.979 TOTAL ASSETS LESS CURRENT LIABILITIES 657.915 10,796 668,711 693,571 Credltor8: Amounts Falllng Ou• After Mor• Th•n On• Yo•r 13 158,8151 158.81 $1 174.800 NET ASSETS S99,100 10,796 609,896 618,771 FUNDS OF THE CHARITY R¢$lrl¢led Fund6 Unreslricled Fund$ 10,798 589.100 16,740 802.031 TOTAL FUNDS 16 609,896 618.771 For th8 year ending 31 M•rch 2025 the charilable company was enlllled lo ¢xempllon from 8(tdll under secllon 477 01 Ihe Companies Act 2006 relalino to small compgnle8. The members have not r8ouired the chadlable ¢ompany lo obtain an audli In accordan wllh sects.on 476 of the Companies Acl 2006. The Irusiees acknowledge their responslbihlies for cornplying with the requiremenls of the Act with r•$ped ID •¢¢ounllng recoids 8nd the preparation ol accounts. These gccounls have been prepired In accord8nee wllh Ihe pl010n$ appllcable lo companies subject lo the small companlos regime. On behall ol Ihe board Mr Andrew Wlliams Tru51ee Oale 18 Dec 2025 The nDlps on pages 12 10 18 lom part of Ihesè finanaal slalements. Page 11
Gateway Fareham Ltd Notes to the Financial Statements For The Year Ended 31 March 2025 General Informatlon Galeway Fareham Ltd is a company limlled by guarantee. incorporated in England & Wales, registered number OS977250 and gIstered charily number 1116962. Thts're91slered office is 2. Accountlng Pollcles 2.1. Basis of Preparailon of Flnan¢lal Statoment The financial 8lalements hav• beèn preparad in ac¢ofd•nce with the Charflles SORP IFRS 1021 "Ac¢oiJniing and Reportln9 by Chafllle$.' Sialemenl ol Recommended Praclice applicable to chaiilies preparing Ihelr accoun15 In accordance wilh the Finanryal Reporling Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191 Flnanoal Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic ol Iland, and Ihe Companies Act 2006. The charilable company is B Publlc 8eneflt Enlily 8$ defined by FRS 102. 2.2. Incomlng R•¥oyrces All in¢ome 1$ recognised in Ihe Slalernent of Financial Activities once Ihe d)anly has entillement lo the funds. it is probable Ihal the Incorne will be recelved and the amounl can be MeaSud reliably. 2.3. Rosour¢•• Exp•nd•d Liabilities are reGognised as expenLSilure as soon as there is a legal or constructiv¥ obli9alion comrnilting Ihe charily lo that expenditu, il 15 probable Ihal a Iransfer ol econgrnic benefits will be required in seltlemeTrl and Ihe amouni ol the obligation Gan be measured reliably, Expenditure is accounled lor on an gccruals basls and has been ¢lassified under headings that aggregale all cost reloled lo the category. ere cosls c8nnol be dir¢¢iiy8iiributed lo parlicular headlng& Ihey have been allocaled lo aclivilies on a basls con6i$i•ni wllh the y$e ol r&$ourus. 2.4. Tanglbla Flxed Ass•ts and Depra¢latlon Tanolble fixed asA•l$ are me8$vred al ¢o$l le$s accurnulaled depredallon and any accumulated impaimienl losses. Depre¢latiDn 1$ provided al rales calculated lo wiile oll Ihe cosl of the nxed Assels. less Iheii eslimAl¢d rosidual.volu8, over Ihelr •xpecled uselul Ve8 on the lollowing.bgses.. Freehold Planl & Machinery Flxiufes & Flltlng$ 2% on cost 15%- 25•h on reduring balanGE 15%- 25'h on reduring balance 2.5. Cash and Cash Equlvalents Cash and cash gquivalenls are b85ic financial a55e15 and include ush In hand and deposits held at call with banks, olher short-lemi highly liquid inveslmenls Ihal mature in no more Ih8n three months from lh& d818 ol Hequisilion 8nd are readily convertible 10 8 kntmn amount ol cash with InsnificAnt risx ol change In value, and b4nk overdrgft$. 2.6. T•xation The thariiy 15 exempl from IJX 85 all ils Income 15 tharilable and applied lor thari(able purposes. 2.7. P•nslon• The charitable company operates a defined pension conlribulion scheme. Conlribuilon5 are charged to the Slolemenl of Fln8nL?al Actlvibes in thè period lo which they relat•. 2.8. Fund a¢¢ounllng Unrestricted funds can be used in accordance wilh the ¢ha¥ilabk objedives al Ihe discrelion of Ihe trustees. Restricled fvnd$ can only be lor parli¢ulai resln'cled purpo$e$ within Ihe obje¢ts ol ¢hafity. Re$lridion8ari5e whEn Specified by the donor or when funds are raiseij for particular reslricled purposes. Further explanaiion of Ihe nalvre and purpose ol each fund Is Included In the noles lo the fin8nrial slalements. Incom• from Donatlons and Lvgarie5 Page12
Gateway Fareham Ltd Notes to the Financial Statements Icontlnued) For The Year Ended 31 March 2025 2025 Unrestrlcted R•strlet•d Total funds lund tunds Oonalions and gifts Gift aid 105,488 17,609 16.288 121.776 17.609 123,097 16,288 139,385 2024 Unr•8trlet•d R•stfl¢t•d Tol•l lunds lunds Oonations and gifts Glll aid 125.717 23.546 13.526 2,278 139.243 25.824 149,283 1 S.804 16S.067 Oth•r Incomé 2026 2024 Unrgstrlcl•d funds Unrg8trlc¢ed lunds Renlal and olher Income from property 51.303 29.368 N•t lTrcom•llExp•ndltur•l The nel lexpendlturelllncome Is slaleo after ¢hargingll¢fedilinèl'. 2025 2024 Bad Qebls Deprecialion of18ngible fixed 855p15 . owned Z77 13,900 14,088 Analy61s of Expendltur• 2025 Actlvlties undertaken dlr•ctly Support costs (see n)1è 71 Regular church acliwlies and mlnlsiry Support for the needy Overse8$ ml$$lon 99,227 150 84.843 2,272 11,723 164,070 2.422 33.071 21,348 120,72S 78.838 199.563 Page.13
Gateway Fareham Ltd Notes to the Financial Statements Icontinuedl For The Year Ended 31 March 2025 2024 Activities undortakèn dlrectly Support Costs (see note 71 Tolal Reoular church actl¥ilie8 and ministry Supptsrt lor the needy Overseas mission Support co$ls 98.152 1.353 8.878 67,092 581 16S.244 1,934 15,800 715 6.922 715 108.383 75.310 183,693 Support Costs 2028 Regular church ¢llvhles and Support for tho mlnlstry n•edy Over8è8s ml8slon Total Employee cosls Prernises expenses General admlnisir•lion Oeprecialion Interesi payablè Governance eosls 10.101 10.99S 26,460 11.424 5,804 59 2,190 12,291 13,378 32,135 13,900 7,062 72 2.368 5,636 2.4S9 1.249 39 64,843 2.272 11.723 78,838 2024 Regular church •ctlvltl•s and Support lor tho mlnlstry ngedy Ovèr•èa8 mi¥slo Support eoJts Total Ernployee $14 Premises exp¥n$e$ Genera1 admlnlslration 14,879 5,606 26,696 12,673 7,238 123 46 1.535 578 18,537 6,230 30,412 14,088 8,045 247 2,754 1,308 747 715 Depreciation Inte51 payablè 105 60 67,092 581 6,922 715 75,310 Staff Costs Slèff ¢ost$ wèrè 8$ follow8.. 202S 2024 Wages and salaries Olher pension c0515 90.110 1,997 91,757 2.,187 92,107 93,944 No employees received employee benefits (exclJIng employer pension ¢ostsl loi the reporting period ol more than £60,000. Page 14
Gateway Fareham Ltd Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 Av•rag• Number of Employees Avera9e number ol employees durlng Ihe year wa8 as follows.. 202S 2024 Ch8ri1able Acliwttie$ Administration 10. T•nglbl• Assèts Land & Property Fr••hold Plant & Machlnery Flxlur•• & Flttlng8 Total Cost As al 1 Aprfl 2024 Addltions 778,510 64,936 47,231 123 890,677 123 A6 Jt 31 March 2025 778,510 64,936 47,354 890,800 Dgpreclotlon AS al 1 April 2024 Provided during the period 158.074 11,321 57,925 1,345 39,086 1.234 255,085 13,900 A$ 9131 March 2025 169,395 59,270 40.320 26a,985 N•t Book Valu• As at 31 March 2025 609,115 5,666 7,034 621,815 AB al 1 April 2024 620,438 7,011 8.145 635.592 11. Oobtors 2025 2024 wlthln ong ygAr Trade deblors Olher debtors 4,270 2,859 5,065 2,787 7.129 7.852 12. Cr•dllor•.' Amoyntj F•lllng Du• Wbthln On• Y•ir 2025 2024 Trade creditors 8ank lo¥n$ and ovefdf•fts Other uedllors Taxalion and sorial securily Accruals and deferied income 6,835 19,393 689 11.9321 22,800 468 338 1,928 2.612 28,983 23.948 Pa9e 15
Galeway Fareham Ltd Notes to the Financial Statements (continued) For The Year Endèd 31 March 202S 13. Creditors.. Amounts Falllng Duè Aftèr More Than On• Year 2025 2024 88nk loan$ 58.81 S 74.800 14. Loans An analysis ol the malurily ol loans is given below.. 2026 2024 Amount5 faling due within one ygar oi on deman*J'. Bank loans 19.393 22.800 202S 2024 Amovnl$ falung due belween ont and five years.. Bank loans 58,815 74,800 15. Pen•lon Commltmen The charitable company operates a defined contdbulion pension 3¢hem•. Th• 4$s¢ts ol Ihe $¢hem• are held separately from those of Ihe 8ri18ble cornpany in an independenlly admini$ieied fvnd. Ouring Ihe year Ihe charoe lo the slalemenl of financlal acllvilies in respecl ol defined conlrlbullon s¢heme$ wa$ £1,99712024'. £2,187). Al the bol•nc¢ sheel dale conlrityullon8 ol £NIL wert due to the fvnd and are Induded in ¢rediiof8, 18. Mov•mgnl In Fund• A8 at 1 Aprll 2024 AS 0131 March 2026 Income Expendltur• UnroJtrlct•d lund• General.. G8ner81 reStrIct•d lund Oesignaled.. India Svpport Pastoral Care Team Glthng Team Locali5ed Glving Fund Freehold Property 72.448 165.260 1153.2141 84,484 2,020 1,708 1,339 1.680 52Z,836 1.929 800 1.607 5,004 14.7201 137SI 12001 11.0001 117.8221 17711 1,933 2.748 5,684 505.014 529.583 9.140 124.1171 514.606 Total unr•8trlct•d funds 602.031 174,400 1177,3311 599.100 R•strlcted funds Albania Piojec15 Hampers Practical Tools Inili8liv• Toddlers Minlstry- MM Rear Stairwell Service Charge & Sinking Fund Builijing Relurbishment Fund Sierra LeDn Shoebox Project- PTI Youth Ministry 4.584 1.046 8.686 1.092 140 780 113,2051 12,1381 12591 11,1301 12,5931 13501 17161 11,7751 65 871 501 2,671 490 3,205 3,283 140 416 600 300 2,418 1.655 2.298 .CONTINUED Page 16
Gateway Fareham Ltd Notes to the Financial Statemenls (continued) For The Year Ended 31 March 2025 Hardship Fund Fareshare 518 150 1681 602 3,608 3,608 Total r•strlet•d funds 16,740 16,288 122,2321 10,796 Tot*1 lunds 618,771 190.688 1199.5631 609,896 As at 1 Aprll 2023 As ai 31 Match 2024 Incom• Exp•ndltur• Unmjtrlcted lund¥ General.. Gèneral uftre$lri¢led hJnfJ Oesignaled.. India Support Pastoral Care Team GIng Team Localised Giving Fund Ffeghold Property 50,110 172,748 1150,4101 72,448 170 .1,850 680 2,020 1,708 1,J39 1,680 522.838 1,723 1,046 16951 19801 14001 119,0381 1.273 2,080 541,874 544,813 5,883 121.1131 529,583 Tot•1 unre8trlct•d lunds S94,923 178,631 1171.5231 602,031 Restrlctod funds Albania Projecls Hampers Pracllcal Too15 Iniliative Toddlers Minlslry- MM Rear Stairwell Se1 Chorge & Sinking Fund Building Refurbishment Fund SierrB L•ort Shoebox Prol8¢1- PTI Youth Minislry Hardshlp Fund Fareshare 353 1,817 13 1,103 2,497 490 9,708 1.190 105 571 2,030 15.4771 11,9611 4,584 1,046 118 871 2,671 490 18031 11,8561 246 2,407 572 3,608 170 2,030 12,0191 1541 2,418 518 3,608 Total re¥trl¢¢ed lunds 13.106 15,804 112,1701 16,740 Total fund$ 608.029 194,435 1183,6931 618,771 17. Tran$actSons wlth Trust•o$ During ihe yeaf the expense5 reimbursed to the trustees or paid direclly lo third parties were a5 follows.. Page 17
Gateway Fareham Ltd Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2025 2024 Olher Expenses 72 18. Related Party Oisclosures James Fallah-williarns was appointed as a Irustee on 8th February 2024. Mr Fall3wIllaMS works for Practical Tools Initiative, which Gateway Fareham have been donaling lo in Ihis and prior years. Mr Fallah-¥Mlliams is nol involved in decision making regBrdin9 this donallon ihai is glven by Gateway F¥reham lo Pr¥dic¥l Tvols Inllialive. The d)urch donation in the period lotalled lo £2,400. Gary Harnmell was appoinl*d a$ a Iruslee on 17th September 2023. Mr Hamrnetl's wile 15 renling a roorn al the churth for her counselling seNces since February 2024. Mrs Hammell paiij £50 in the year lor room hire. Mr Hammell 1$ nol involved in room hile relaled discussions. No other transaclior look place bets¥een any related partlès in the year. 19. Comp•ny Ilmlt•d by guar•nt•e The company is limile(J by guaranlee and h88 no shafe capil81. Every member of the company unOeNakes lo contribute lo Ihe a$sels of the company, in the evenl ol a wlnding up, such an amounl 8s may be required not exceeding £1. Page18
Gateway Fareham Ltd Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025 2025 2024 Totsl lunds Total fLtnds INCOME AND ENDOWMENTS FROM.. Donatlons and legacl•s Donations and gifts Gift aid 121,776 17,609 139,243 25,824 139,38S 165,067 Other Renlal and other income frorn properly 51.303 29.368 51.303 29,368 190,688 194.435 EXPENDITURE ON: Chwritablg Actlvltl••'. Regul•r church •¢tlvlt1•8 •nd mlnlBtry Church aclivilte5. Training Church aclivilles- Sou¥1 concem Church acllvllles- Churches Together In Farnham Church acllvllle5. Youlh and chlldren's work Church acllvllle$- Tape$ and liierature Church acllvllle$- Evangellsrn Wages and salarles Employers pension6- defined conlributlon schemei Olher dlrerl ¢o$ls Wages and 5alarfes R&les Liohl and heal Water rBles Repairs and malnien•n¢e Cleaning and consumables Olher premlse$ costs Repairs, renewals and mainlenance Insufance Piinling, postage and stationery Telecommunlcglion$ and data cost$ Website costs Accountancy le$ Royalties and licence lees payable 8ad debts wrillen off SunLSry expenses Relreshmenls Depreciailon Bank inleiesl payable Tru5tees' e¥pen5e$ 15561 110,7551 11951 17,7111 1381 11561 177,8191 11,9971 11,2961 110,2961 15891 17,7121 12731 11561 175,2201 12,1871 14131 114,8791 12021 13,7651 110,1011 18,4341 14561 12,6061 11,4361 1631 16,7041 13,1011 12.3781 19311 12841 18,6701 14301 12771 1764 12,9211 111,4241 15,804) 11,4731 11661 19,4321 12,8681 12.4451 19011 16,8301 11,0361 13,1851 112,6731 17,2381 1164,0701 118S,2441 Support for the n?dy Chw¢h adivilies. Othei support gifts 11501 11,3501 ..CONTINUEO Page19
Gateway Fareham Ltd Detailed Statement of Financial Activities {including Income and Expenditure Account) (continued) For The Year Ended 31 March 2025 Other direct costs 131 11231 121 Wages and salaries Rate5 12,190) Light and heal Waier rates Repairs and m81rilen8n¢tr Cleaning and consumables Olher premlses cosls Repairs. renewals and Maintenance Insuran¢e Piiniing, postage and stationery Telo¢ommunlullon$ •nd dola ¢o$ls AccountaDcy lees Royaltie5 and licence fees payable Svndry expense8 Relr8shments Oepreaation Bank in1*$¢ payable 1101 141 121 {101 151 141 1781 1241 1201 1131 {91 141 1171 191 1531 11051 1601 12,4221 11,9341 Overgeas mlsslon Church acllvilles AlbanlalKo$ovo Church acllvSlleJ- IrHII 115,6681 15,8801 17.8751 19601 1431 11,5351 {211 13881 Other direcl costs Wages and salaries Rates Llghl 8nd heat W8ler rale$ Repairs and malnlenance Cleaning and consumables Olher premises ctssis Repaifs, f¢newal$ and m8inlen8nce Insvrance Printing, posla9e and $18llon8ry Telecommunicallons and éala costs Websrte costs Accountancy lees Royaltlès 8nd Ilcence fee$ pay8ble Sundry ¢xpenses Refreshments Deprouallon Bank interest payable Truslee$' expenses 11,3851 1981 13091 11 S21 11,4431 16671 15121 12011 1611 11,8661 1931 11641 16291 12.4591 11.2491 19731 12961 12521 1931 17051 11071 13291 11,3081 17471 133.0711 115.8001 Support¢g?ts Sundry expense$ 17151 17151 1199.5631 1183,6931 NET IEXPENOITUREIIINCOME 18,8751 10.742 Page 20
Gateway Fareham Ltd Detsiled Statement of Financial Activities (including Income and Expenditure Account) (Continued) For The Year Ended 31 March 202S Page 21