Charity registration number: 1120359
THE GATEWAY CHURCH KINGS LYNN
Annual Report and Financial Statements
for the Year Ended 31 March 2022
Document Ref: FA2VM-TV45H-FAXNZ-MC3XZ
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Contents
| Contents | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report | 2 to 3 |
| Statement of Trustees' Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 13 |
Document Ref: FA2VM-TV45H-FAXNZ-MC3XZ
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Reference and Administrative Details
Trustees
John Andrew Charles Moyle David Taylor Andrew Richards
Principal Office
25 South Wootton Lane King's Lynn PE30 3BS
Charity Registration Number
1120359
Independent Examiner
Kolade Andrew Alli ACMA KARE Financial Management Consultants Ltd 10 Gatcombe Gardens West End, Hampshire SO18 3NA
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Trustees' Report
The trustees present herewith their annual report, together with the financial statements of the charity for the year ended 31st March 2022.
Organisation:
The church is led by a leadership team who nominate Trustees. The Trustees at the date of this report and at any time during the period covered by this report are John Andrew Moyle, Andrew Richards, David Taylor and Paul Amos.
The trustees meet quarterly to review the governance and finances of the Church.
Day to day operations are managed by an eldership team who meet regularly with the Treasurer.
The Church operates in association with the Relational Mission Sphere of NewFrontiers.
Activities
The Gateway Church exists to be a gateway for the Gospel to go to the nations. Our vision is to gather, grow and go!
The second year of the Coronavirus pandemic again limited the activities of the Gateway Church. In the periods of no public gatherings, we continued to run online church services, small groups and other activities. We changed venue twice as society opened up again.
Our Sunday in person attendance dropped by 30% on pre-Covid levels, but the church underwent rapid growth back to normal levels from January 2022.
Volunteers helped with the local Foodbank and Hygiene Bank.
An in-person Alpha Course was run and 2 people professed new Christian faith.
Giving is increasing mainly through online and bank transfers.
In the last six months we began to train volunteer TEFL teachers to restart our International Café outreach project in April 2022.
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Trustees' Report
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
The annual report was approved by the trustees of the charity on 5 August 2022 and signed on its behalf by:
......................................... John Andrew Charles Moyle Trustee
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Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on 5 August 2022 and signed on its behalf by:
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.........................................
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......................................... John Andrew Charles Moyle Trustee
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Independent Examiner's Report to the trustees of THE GATEWAY CHURCH KINGS LYNN
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2022 which are set out on pages 6 to 13.
Respective responsibilities of trustees and examiner
As the charity’s trustees of THE GATEWAY CHURCH KINGS LYNN you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the THE GATEWAY CHURCH KINGS LYNN's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of THE GATEWAY CHURCH KINGS LYNN as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
...................................... Kolade Andrew Alli ACMA
KARE Financial Management Consultants Ltd 10 Gatcombe Gardens West End, Hampshire SO18 3NA
- 5 August 2022
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Statement of Financial Activities for the Year Ended 31 March 2022
| Statement of Financial Activities for the Year Ended 31 March 2022 |
Statement of Financial Activities for the Year Ended 31 March 2022 |
|---|---|
| Unrestricted funds Restricted funds Total 2022 Total 2021 |
|
| Note £ £ £ £ |
|
| Income and Endowments from: | |
| Charitable activities | 83,258 1,625 84,883 84,549 |
| Expenditure on: | |
| Charitable activities | (86,426) (566) (86,992) (80,073) |
| Total expenditure | |
| (86,426) (566) (86,992) (80,073) |
|
| Net | |
| (expenditure)/income | (3,168) 1,059 (2,109) 4,476 |
| Net movement in funds | |
| (3,168) 1,059 (2,109) 4,476 |
|
| Reconciliation of funds | |
| Total funds brought | |
| forward | 9,009 7,591 16,600 12,124 |
| Total funds carried | |
| forward 8 |
5,841 8,650 14,491 16,600 |
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2021 is shown in note 8.
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(Registration number: 1120359) Balance Sheet as at 31 March 2022
| (Registration number: 1120359) Balance Sheet as at 31 March 2022 |
(Registration number: 1120359) Balance Sheet as at 31 March 2022 |
|---|---|
| 2022 2021 |
|
| Note £ £ |
|
| Current assets | |
| Cash at bank and in hand 6 |
14,841 16,950 |
| Creditors: Amounts falling due within oneyear 7 |
|
| (350) (350) |
|
| Netassets | |
| 14,491 16,600 |
|
| Funds of the charity: | |
| Restricted income funds | |
| Restricted funds | 8,650 7,591 |
| Unrestricted income funds | |
| Unrestricted funds | 5,841 9,009 |
| Total funds 8 |
|
| 14,491 16,600 |
The financial statements on pages 6 to 13 were approved by the trustees, and authorised for issue on 5 August 2022 and signed on their behalf by:
......................................... John Andrew Charles Moyle Trustee
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Notes to the Financial Statements for the Year Ended 31 March 2022
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
THE GATEWAY CHURCH KINGS LYNN meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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Notes to the Financial Statements for the Year Ended 31 March 2022
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
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Notes to the Financial Statements for the Year Ended 31 March 2022
2 Income from charitable activities
| Unrestricted | |
|---|---|
| funds Restricted Total Total |
|
| General funds 2022 2021 |
|
| £ £ £ £ |
|
| Donations from members | 60,720 - 60,720 66,735 |
| Miscellaneous Income | 9,500 - 9,500 4,334 |
| Donations to Youth ministry | - 250 250 375 |
| Gift Aid tax reclaimed | 13,038 - 13,038 11,565 |
| Donations to Benevolent | |
| fund | - - - 400 |
| Donations to Building fund | - 980 980 1,140 |
| Donations for European | |
| Mission | - 395 395 - |
| 83,258 1,625 84,883 84,549 |
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Notes to the Financial Statements for the Year Ended 31 March 2022
3 Expenditure on charitable activities
| 3 Expenditure on charitable activities |
3 Expenditure on charitable activities |
|---|---|
| Unrestricted | |
| funds Restricted Total Total |
|
| General funds 2022 2021 |
|
| £ £ £ £ |
|
| Sunday expenses 2,605 - 2,605 2,723 |
|
| Catering and hospitality | |
| costs 265 - 265 - |
|
| Giving and other ministry | |
| costs 7,842 - 7,842 4,752 |
|
| Wages and salaries 52,097 - 52,097 54,841 |
|
| Staff pensions 7,374 - 7,374 4,300 |
|
| Sunday Hall hire 3,120 - 3,120 960 |
|
| Staff expenses 51 - 51 56 |
|
| Expenditure from | |
| Benevolent fund - - - 430 |
|
| Expenditure on Childrens | |
| ministry 320 - 320 233 |
|
| Expenditure on Youth | |
| ministry - 250 250 250 |
|
| Office supplies and expenses 299 - 299 483 |
|
| Photocopier | 123 - 123 464 |
| Subscriptions | 1,233 - 1,233 1,053 |
| Office Rent | 6,840 - 6,840 6,840 |
| Training | 848 - 848 - |
| Conferences | 268 - 268 - |
| Insurance and legal cost | 358 - 358 330 |
| Utilities | 2,221 - 2,221 1,787 |
| Advertising | 212 - 212 221 |
| European Mission | - 316 316 - |
| Independent examiner's fee | 350 - 350 350 |
| 86,426 566 86,992 80,073 |
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Notes to the Financial Statements for the Year Ended 31 March 2022
4 Trustees remuneration and expenses
During the year the charity made the following transactions with trustees: John Andrew Charles Moyle
John Andrew Charles Moyle received remuneration of £29,427 (2021: £29,604) during the year.
Re-imbursement of expenses in the form of salary for services provided to the charity
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Notes to the Financial Statements for the Year Ended 31 March 2022
5 Taxation
The charity is a registered charity and is therefore exempt from taxation.
| 5 Taxation The charity is a registered charity and is therefore exempt from taxation. |
5 Taxation The charity is a registered charity and is therefore exempt from taxation. |
|---|---|
| 6 Cash and cash equivalents |
|
| 2022 2021 |
|
| £ £ |
|
| Cash at bank 14,841 16,950 |
|
| 7 Creditors: amounts falling due within one year |
|
| 2022 2021 |
|
| £ £ |
|
| Accruals | 350 350 |
| 8 Funds |
|
| Balance at 1 Incoming Resources Balance at 31 |
|
| April 2021 resources expended March 2022 |
|
£ £ £ £ |
|
| Unrestricted funds | |
| General | |
| 9,009 83,258 (86,426) 5,841 |
|
| Restricted funds | |
| 7,591 1,625 (566) 8,650 |
|
| Total funds | |
| 16,600 84,883 (86,992) 14,491 |
|
| Balance at 1 Incoming Resources Balance at 31 |
|
| April 2020 resources expended March 2021 |
|
£ £ £ £ |
|
| Unrestricted funds | |
| General | |
| 5,768 82,634 (79,393) 9,009 |
|
| Restricted funds | |
| 6,356 1,915 (680) 7,591 |
|
| Total funds | |
| 12,124 84,549 (80,073) 16,600 |
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Signature Certificate
Reference number: FA2VM-TV45H-FAXNZ-MC3XZ
Signer
Timestamp
Signature
Andy Moyle
Email: clients@themoyles.co.uk
Sent: Signed:
21 Jul 2022 19:45:24 UTC 21 Jul 2022 19:45:24 UTC
IP address: 46.64.121.45 Location: Spalding, United Kingdom
Document completed by all parties on: 21 Jul 2022 19:45:24 UTC
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