Registered Charity no. 1122411 Registered Company no. 06459552 **Gateway Buildings Trust (Company Limited by Guarantee)** ## **Trustees Annual Report and Accounts** **Year Ended 31st March 2023** ## **Gateway Buildings Trust** ## **Year Ended 31st March 2023** ## **Contents Page** ||**Page**| |---|---| |Legal and Administrative Information|**1**| |Trustees Annual Report|**2**| |Independent Examiners Report|**6**| |Statement of Financial Activities and Income|**7**| |and Expenditure Account|| |Statement of Financial Position|**8**| |Notes to the Financial Statements|**9**| Gateway Buildings Trust Year Ended 31st March 2023 Legal and Admlnistrative Information The trustees, aTe also the direclors lor the purposes of company law, presenl their ￿pOrt and the unaudited linancial stalernents ol the Charity for the year ended 31 March 2023. The finanrial staiemeThts have been prepared In 8cc(xdanca with th8 aCc￿ntIng polici88 Set out in note5 to the account5 and comply with the charity$ governing document, the Charities Aot 2011 and A¢¢ounting and Reporting by Charities.. Slatetnent of RecommerKled Praelice applicable to charities preparing their accounts in a¢cordane8 With the Financial Reporting Standard appllcable Sn Ihè UK and Republi¢ ol Ireland published in October 2019. Reference The Charity is called"Gatway Bu1￿1ng Trust" and Is registe￿d with tha Charity Commission for England and Wales Isince 22 January 20081 as aTh Incorporated Association limited by guarantee Isinc8 21 December 20071. Reol$tered Charlty Numbtr 1122411 Regls¢ered Company Number 06459552 Registerod Office st. IAark's Church St. Mark's Road Woodhouse Leeds LS2 9AF The Trustees and Directors at date ol Slgnlng Christopher Frost Elizabelh Bird Samuel Shamian Matthew Hor8eman (Chairl Appointed 0610312019 Appoin18d 0610312019 Appolnled 1411012019 Appointed 0811112023 David Watk15 Nan Angilley Resign8d 0511012023 Resigned 1710812022 Company Secretary EIYLabelh Bird Appointed 0610312019 Prfmary Bank•r$ CAF Bank Ltd 25 King's Hill Avenue West Malling Kent ME19 4JQ Indopendenl Examlnor.. Phlllp Holt FCA FCIE Harrison Holt, Charter8d Accountsnls High Park Farrn. Kirbymoorside, York, Y062 7HS Gateway Buildings Trust Year Ended 31st March 2023 Trusleos Annual Report Trustees Annual Report lin¢oTporating the director's report) Gateway BU1￿1ngS Trust was Incorporat￿ as a cotnpany on 21st De¢ember 2007 and reglstered a5 charity with the charity cornmission of England and Wales on 22 January 2008. The Memorandum and ArtSoles of Association of Gateway Building5 Trust were drawn up on this dale and have not since been amended. Structure, Govèrnance and Management Gal8way Buildings Trust is managed on 8 day-lo-day basi$ by the Trustees of Iha Trusl. The Trustees of tha charity observe Ga19way Building3 Trusts obligations undei comp8ny and charity law and carry primary r8$pon$ibility for the leadership ol Gateway Buildings Tru$L New Trustegs may be appoSnled by a resolU￿on passed by the majority ol the e￿$ting trustees. Obl¢¢tlves and Achievements The stated objectives tsf Gateway Buildings Trust are.. .To advan¢e th* Chr5slan lallh in accordanc8 with the Statgmenl ol BelSets helnze award a6 an E¢o- church. The Knowt88d on the grounds was tr8ated as per the agreed plan in September 2022. Plans for Future P&rlods Gateway Buildings Trust Is hoping to progress with the development of the grounds and parking area immediately surrounding Sl Marks Church in the ¢oming year now that permissions have been grantgd Gateway Buildings Trust now 8nd8avours to renovate th8 vestry in full to provide a space for communily activities. They continue to Seek grant funding over the coming year. Rovlew of Flnan¢lal Actlvltles Gateway Buildings Trust holds a mortgag8 with Trlodos Bank. who hold sole charge on the buildirvj of St Marks Church. Gateway chU￿h has committed to keeping up repayments on this loan, through the 18ase payments made to Gateway Buildings Trust. Gateway Chur¢h has a d8signated fund set asid8 for Sl Marks building created and sustained by Gateway Church member donations. Expenditure during thls period is almost entirely related lo loan repayments. Gateway Building5 Tru51 finlshes this financial perfod. much the Same Bs the previou5 y88r, with little unrestricted cash in the bank. Restricted funds ar8 held lor th& purpose of Ihe ground r$d¥velopm8nt. The Truslcontinu8S to reduce ils mortgagè in accordance with the loan repayment schedule. Gateway Buildings Trust Yoar Ended 31st March 2023 Trustees Annual Report G&teway Buildlngs Trust's financial position at end ol the yaar.. Unreslricled Funds Restricted Funds Total 269,438 held a5 fixed assets ISI Marks Bulldlngl 25,493 294,931 Public B•n•flt Gateway Chur¢h gives due ￿nS￿ers¢i0n lo th8 Charity Comtnission's published guKlan¢e on the Publc Benellt requirement under the Charities Act 2011.The Tru81ee pay due r8gard to the public benèfil they prov￿8 before deciding what activities the charity should undertake and continue lo consider their a¢livilies in lin8 with thèir sla18d objectives above. Through the provision of a buikling lor Gateway Church, the Buildings Trust provKles publi¢ benelft lo the ¢hurch ¢ongregalion and th8 local community Ihrough the activities Ihe Church undertakes. Through the rnainlenan¢e ol Sl Mark's bu1￿1n9 in Woodhou58. Gateway Church benefits the publi¢ by providing a place of worshlp for all who vAsh to attend and rnainlainlng a spac8 Ihal Is cw8n for personal S￿ritUal conlernplalion. Gateway Buildings Trust seeks lo prÈs8rve the hèritage of Sl Marks building and Ilsled monuments within il grounds. Res8N8s P¢licy The Trustees have considered Ihe18vel ol reserves theywlsh to r8tain. appropriate to the eharitys needs. This is based on the charitys size and the level of financlal commitments held. The Trusleès aim 10 ensure the charity will be able lo conlinLte lo fuKIl ils ¢harilable objectives even if there is a 18mporary shortfall in income or unexpected expenditure. The dir8clor$ will eniyeavour not to set aside lund5 nng¢essarily. The Gateway 8uildings Trust currently holds no rgserves, Ihe tru8lees ¢onsider tha¢ it is eurrenlly unnecessary due to the nature ol Iheir current activities and th& commitment from Gateway Church to k88p up repayments on thelr loan. If Gateway Buildings Tru51 was to embark on a further rastoratson project. th8n suffKlent contingency ¢osls will the budg8ted into Ihls W￿k. Golng Concern Statement The Trustee of Gateway 8uildings Trust, on the dale of approving thls report and account5, considers thAI Ih9rg are no uncert8inties al)oul Ihe chadty's ability io ￿ntInue as a golng concem. Gateway Buildings Trust Year Ended 31st March 2023 Truslees Annual Report Statement of Oirector's Responsiblllties Tha Charilies Act and the Cornpanies A¢l require the Board of Tru8t8es to prepare fin&n¢ial 818t8m8nts for each financial year which give a true and falr view of the state of affalrs of the charily at the end ol the financi81 year and of lh8 surplus or defi¢S1 ol th8 charity. In pieparing Ihose financial 51alemenl$ Ihe Board is requiied lo:_ l. sele¢¢ suitable accountlng poll¢les and thtn apply them coTrs15tenlly, 11. m8ke judgments and 8Stimates that are reasonable and prudent. 111. prepare financial statemen15 on a goin9 concern basis unless il is inappropriate to pre$um8 that tha company will continue in business. IV. state wheth8r applieable accounllng standards and statements of recotnfflended practic8 have been followed, subje¢l lo any material depariures dis¢losed and explained in the financial 51atemenls. The tru$t8es are also responsiblg lor rnaintalning adequale accounting re¢ord8 which disclose with reasonable accuracy at any liffle the financial p05ilion of the ¢harity and which are sufli¢ient to show And explain the charity's Iransactions and enable them lo er*sur8 that the financial statements comply with the Companies Act 2006 and cornply with regulations rnade under th8 Chariti85 Act. They are also responsible for 5afeguaiding the a$s8ls ol the charity and hence for laking ￿aSOnable st8P5 lor the prevention and detection of fraud and tsther irregularities. The trustees are responsible for preparlng th8 Tws188's Annual Report and financial statements in accordance with the applicable law and th8 United Kingdom Generalty Accepled A￿OUntIng Practlce. These accounts hav8 been prepgred in accordance wfth the provisions applicable to companies 5ubjecl to the 8rnall cornpanles exemption. l approve the altached statement of fi'n8ndal activities and bslanc& sheet for the year ended 31st Mar¢h 2023 and confirm thal I have made avallable all information ne¢essary for its preparation. Signed on behalf of the directors: Dat¢ of approval: l(t/11 J2a2f Chrlstoph8r ro$t Ichalr af Trustee$} Gateway Buildings Trust Year Ended 31st Mar¢h 2023 Independent Examlners Report I report to the charity trustees on my examination ol the accounts ol the compally for Ihe year ended 31 Mar¢h 2023 whi¢h are set out on pages 7 to 17. Responslblllt105 and basls of report As the charity truste88 land also ￿lfeCtorS for the purposes of company lawl you are responslble for th8 preparation of the ac¢ount5 in ac¢ordance with the rgquiremenls of the Cornpanies Act 20061'the 2006 Act'i. Having satisfied my881f that th& accounts ol the company ar8 not requlred lo be 8udiled under Part 16 ol the 2006 Act and are eligible for independ8nl 8xaminalion, I reptsrt in respect of my ex8minalion of your Companls accounls as Carried out under section 145 01 the Charities Act 20111'the 2011 Act'l. In carrying out my examlnation I have followed Ihe Directions given by the Charity Commission under Section 14515llbl of the 2011 Act. Indopond•nt •xamlner'$ ststement I have ¢omplet8d my examln8tion. I confirm thot no matters have ¢ome to my attentlon In conn8Ctlon with th8 examination giving me cause to boli8ve that in any material respect.. l. aecounliThJ re¢ords were not kept in ￿SpeCt of the company as r8quired by secllon 386 of the 21X>6 Act., or 2. the a¢wunts do not a¢c(wd with thos8 r8cords', or 3. the accounts do not comply wlh th8 ac¢ountlng requir8m8nts of section 396 of the 2006 Act other than any requirement that Ihe a¢counls gNe a 'true and falr vlew. which18 not a matter Considered as part of an Independent examination.. or 4. the accounts have not been prepar8d in accordar>ce with the rn&thods and princtples ol the statement of Re¢omm8nded Pra¢li¢e for accounting and ￿PortIng by charill$s applicabl8 lo charllles preparlng their ac¢ounts in accordan￿ with the Flnanci81 Rgporting Slanilard applicab￿ In the UK and Republi¢ of Ireland IFRS 1021. I have no ￿nCernS and have come acro55 no other matters in conne¢lion with th8 8xaminatlon to which altenlion should be drawn Ihls report kn order to enable a proper understanding of the ac unls to be r ache LLf (L(4 Philip Holl FCA FCIE Independ8nt Examlner High Park Fami. Kirkbymoorside York, Y062 7HS Gateway Buildings Trust Yoar Endèd 31st March 2023 Statgment of Flnanclal Attivities and Income and Expenditure Account 2023 Reslrici8d Funds Total Funds Total funds 2022 Unreslricled Fund5 Note Income Donations and lègacies Ch8rSlable a¢livilles 11,870 30,239 11,870 30.239 3e.845 30.239 Tolal In¢ome 42.109 42,109 67.084 Expgndl¢ure Expenditure on charitable activities Governance Costs 24,118 325 24.443 960 24,502 Total expendlturo 25,078 325 25,403 24.982 Net income and not movement In funds 17,031 13251 16.706 42,102 R8conclll8tlon of funds Total funds brought I0￿rd 14 252,407 25,818 278.225 236,123 Total funds carried forward 14 269,438 25,493 294,931 278.225 The statement of financial activities includes all gains and bsse$ recognised in th8 year. Gateway Buildings Trust Ygar Ended 31st March 2023 Statement of Flnanclal Posltlon 2023 2022 Note Flxed a$58ts Tangible fixed assets 11 600,000 600,000 Current a5set8 Cash 8¢ bank and in hand 25,530 25.817 Total Current As89¢s 25.530 25,817 Credltor8: amounts falling due wlthln one year Not curr•nt a$$*ts 12 17.473 16,824 8,057 8,993 Total as$gt$ l•ss current Ilabllltl•8 608.OS7 608,994 Credl¢or8: amounts falllng due In mor8 than one year 13 313,126 330,768 Net asset8 15 294,931 278,225 Fund5 of the chorlty Restri¢t￿ lunds Unr8$lri¢ted lunds 14 14 25,493 269.438 25,818 252,407 Total charlty funds 14 294,931 278,225 Dlr•¢tors Re$ponslbllS¢1¢8 For the year ending 31 March 2023 the charity was enli118d lo exempllon from audit under sectlon 477 of the Compani8s A¢1 2006 relating lo small ¢ompani8S. Gateway Buildings Trust registered company number i8 06459552. Directors, responsibililig3.. The members have not required the company to obtain an audit ol Ils financial statements fw Ihe yèar in qu8Stion ITh accordance with $e¢lion 476., The dlreclors acknowl$dg& thelr re5ponsibililles for complying wilh the requirements of Ihe Act wilh respect to aceounling records and the prepaialion of financial statemonts. These financi818talements have be9n prepared in ac¢ordan¢e with Ihe provisigns wpfi¢ablo to cornpanies $ubla¢l to th8 small companles, regirne. These financial statements weie 8pprov8d by Ihe board of trustees and aulhorised for issue on * l lowt￿Le• 2023, and are Signed on behalfof th8 board by Christopher Frost Ichalrl. Signed on b•half of th dlrac Date of approval: kt/1111<5ZI Chrlstophèr Frost I alr of Tru$ts¥$} Gateway Buildings Trust Year Ended 31st March 2023 Notes to the Financlal Statemgnts 1 Gèn•ral Informatlon The charity is a public b&nefil entity and a private ¢ompar¢y limiled by guarantee, reglslered In England and Wales and a registered ¢harily in England and Wales. The address of the registwed office is St. Mark's Church. St. Maik's Road. Woodhouse. Leeds, LS2 9AF. 2 Statement of Compliance The financial statements have been prepared in accordance wlh A¢counting and Repot11ng by Charities.. Stalement of Re¢omm8nd6d Pra¢li¢8 appllcable lo ch8riti85 preparlng Iheir ac¢ounts in accordanc8 with the Flnan¢ial Reporting Standard applicable in the UK and Republic ol I￿land issued in O¢lob8r 2019, the Financial Reportlng St8ndard applicable in Ihe United Kitvjdom and RapUbl￿ ol Ireland IFRS 1021, the Charitie5 A¢1 2011, the Companles A¢t 2006 and UK Generally Accepted Accounting Pra¢tice. The Gateway Buildings Trusl constitutes a public benefit 8ntily as defin8d by FRS 102. 3 Accounting Poll¢les Ba$1$ of Preparatlon The financial staiements hav8 bèen prepared undev the hisloiic81 cost convention. The financkql stalemonts are prepared In Sterling, which Is the functional curren¢y of the éntity and roundgd to tht nearest £1. Th8 significant a¢¢ounting policies applied in the preparation of those financial stalemenls are set out ￿lOw. Those poli¢18s have begn consistently applled to all year5 presented un18ss olhernvise stat8d. A880ssment of Golng Concem Preparation of the accoLJnls is on a g)ing concèrn basis. The trustoes consid8r that Ihor8 are no material uncertalntles about th8 Charllls ability to contlnue as a wing concern. Fund Accountlng Unrestricted income funds comprise those funds which Ihe Iru$tee5 are I￿e to u88 for any purpose in furtherance of the ¢harilable objects. Unr8Stricted funds includo deslgnated funds wh8re the tru8lees, at their dis¢retK)n, have set aslde resources for a speeific purpose. Some regular donatlons from church memb8rs have been d85ignated lor the lease payrnenl on the Sl Marks buildiNJ and 8re set Askle in a building fund lor this use. Restricted fund$ ar8 funds which are to be in accordance wllh specific re5tri¢lions imposed by th8 donor or the ierm of specific app881, often know as a 'special offering, in the church. Furiher explanalion of the nature and purpose ol each fund is Included in tha notes lo th8 accounts. Gateway Buildings Trust Year Ended 31st March 2023 Notes to thg Flnancial Statements Ineomlng R•sourcg6 All incoming resource$ are recognised onc8 the charity has entit￿rnent to the r8sources, it is probable that the fe50urces will be re¢&Sved, and the monetary valuè of in¢oming rèsources ¢an be measured with sufficient reliability. . All voluntary Income from m8mbers of the ehuich ar8 re¢ognised as donations and a included in full. with associated Glft Aid re¢eivabl8 in the Slatem8nt of Financial Acllvllies. Grants wh8r8 enlltlemenl is not conditional on the delivery of 8pe¢ific performance by the charity are recognised when the charity be¢ome5 unconditionally enlilled to the grant. Income resources from ¢harltable trading activities such as th8 letting of St Mark's building ara 8ccounled for when InvoKes are drawn up las the point ol enti118menll. Dona18d se￿￿￿5 and facilities a￿ in¢lu¢J8d at Ihe valu8 lo Ihe Charity where Ihis Can be quantified. Gifts In Klnd are accounted for at a reasonable e5timale of their value Its th8 ¢harltyorthg amount actually realised. Volunteer titn8, the valu& of voluntary support for the work ol the ¢hurch is not included in the accounts but Is descrlbod In Ihe Trustee5 annual report. R•$ource$ gxp•nded Expenditur8 18 re¢ognised on an accrual basis as a liability is inCur￿d. Liabiltles ara recognised where il is mor8 likely than not that ther8 is a legal 01 conslruGIIv8 obliga￿ts committing the charity lo pay out Ihe ￿sourceS and iha arnount of tho obl'gath'on can be rneasured with reasonable certainty. Governan¢e Costs Include costs of the preparation and examinauon of 8t8tulory account8, the c05t8 ol the trusteès, m88tings and cost ol any legal advice lo IrLtsteos on governance or consltutional matters. Llability Re¢ognttion Abilities are recognised as soon as there Is 8 legal or constructive obligation committing the charity to pay out resources. Tanglbl• flxed a$$•ts Land and Buildings The Church building is held in Ih8 ac¢oun15 8t cost Value. Due lo the nature of th8 chur¢h buildlng il 15 unr8asonab16 due lo the fact that th8 us8f(tl economic life can not be accurately ests'mat8d. 11 is also impractical for the building lo be held under a revaluat40n mod81 due lo the unlque nature ol th8 buikling and the inablllly to reliably valu8 Ils worlh. Due to both of these re880n$ Ihe building is hekl at cosl wllh Impairment ravi8W8 taklng plac8 every lew years. 10 Gateway Buildings Trust Year Ended 31st March 2023 Noles to the Financlal Statements Operating Leases Rent81 charges payable under oper8ting leases ar8 charged on a straight line basis over the terms ol thg188Se. Taxatlon The charity is èxempt from lax on its charitable a¢1Vit￿8. Legal Statu$ of the Charlty The charlly is a company limited by guarante8 and has no shar8 ca￿tal. In th8 ev8nt of the d)arity b8ing wound up, the liability in resp8Ct of th& guarant86 is limiled to £1 per memb8r of Ihe charlty. 11 ## **Gateway Buildings Trust** ## **Year Ended 31st March 2023** ## **Notes to the Financial Statements** |**4 **|**Analysis of Income**|||| |---|---|---|---|---| |||Unrestricted|Restricted|**Total Funds**| |||Funds|Funds|**2023**| |||£|£|**£**| ||**Donations and Legacies**|||| ||Gifts and donations|1,190|-|**1,190**| ||Gifts in kind|10,680|-|**10,680**| |||`──────────`|`──────────`|`──────────`| |||11,870|-|**11,870**| ||**Charitable Activities**|||| ||Lease income|30,239|-|**30,239**| |||`──────────`|`──────────`|`──────────`| |||30,239|-|**30,239**| |||`──────────`|`──────────`|`──────────`| ||**Total Income**|**42,109**|**-**|**42,109**| |||`──────────`|`──────────`|`──────────`| |||Unrestricted|Restricted|**Total Funds**| |||Funds|Funds|**2022**| |||£|£|**£**| ||**Donations and Legacies**|||| ||Gifts and donations|673|27,479|**28,152**| ||Gifts in kind|8,693|-|**8,693**| |||`──────────`|`──────────`|`──────────`| |||9,366|27,479|**36,845**| ||**Charitable Activities**|||| ||Lease income|30,239|-|**30,239**| |||`──────────`|`──────────`|`──────────`| |||30,239|-|**30,239**| |||`──────────`|`──────────`|`──────────`| ||**Total Income**|**39,605**
`──────────`|**27,479**
`──────────`|**67,084**
`──────────`| 12 ## **Gateway Buildings Trust** ## **Year Ended 31st March 2023** ## **Notes to the Financial Statements** |**5 **|**Expenditure on Charitable Activities by Fund Type**|||| |---|---|---|---|---| |||Unrestricted|Restricted|**Total Funds**| |||Funds|Funds|**2023**| |||£|£|**£**| ||Bank charges|72|-|**72**| ||IT costs|120|-|**120**| ||Insurance|8,040|-|**8,040**| ||Licences|-|-|**-**| ||Loan interest|13,246|-|**13,246**| ||Building repairs and maintenance|-|-|**-**| ||Grounds and building redevelopment|2,640|325|**2,965**| |||`──────────`|`──────────`|`──────────`| |||24,118|325|**24,443**| |||`──────────`|`──────────`|`──────────`| |||Unrestricted|Restricted|**Total Funds**| |||Funds|Funds|**2022**| |||£|£|**£**| ||Bank charges|106|-|**106**| ||IT costs|147|-|**147**| ||Insurance|8,693|-|**8,693**| ||Licences|-|-|**-**| ||Loan interest|13,895|-|**13,895**| ||Building repairs and maintenance|-|-|**-**| ||Grounds and building redevelopment|-|1,661|**1,661**| |||`──────────`|`──────────`|`──────────`| |||22,841|1,661|**24,502**| |||`──────────`|`──────────`|`──────────`| |**6 **|**Governance Costs**|||| |||Unrestricted|Restricted|**Total Funds**| |||Funds|Funds|**2023**| |||£|£|**£**| ||Legal & professional fees|960|-|**960**| |||`──────────`|`──────────`|`──────────`| |||960|-|**960**| |||`──────────`|`──────────`|`──────────`| |||Unrestricted|Restricted|**Total Funds**| |||Funds|Funds|**2022**| |||£|£|**£**| ||Legal & professional fees|480|-|**480**| |||`──────────`|`──────────`|`──────────`| |||480|-|**480**| |||`──────────`|`──────────`|`──────────`| 13 ## **Gateway Buildings Trust** ## **Year Ended 31st March 2023** ## **Notes to the Financial Statements** ## **7 Independent Examination Fees** Fees payable to the independent examiner for: ||**2023**|2022| |---|---|---| ||£|£| |Independent examination|480|960| ||`──────────`|`──────────`| ## **8 Goods, Services and Facilities Donated in Kind** During the year the charity received donations in kind from Gateway Church. Gateway Church pay for a joint insurance policy, the value of which is associated with Gateway Building Trust is £8,040. Gateway Church paid Leeds Tree Care to carry out needed safety work to a number of trees on the grounds of St Mark’s and a woodland mangment servey, the value of which was £2,640. (Gifts in Kind 2022: £8,693). ## **9 Staff Costs** The Charity had no employees during this year or previous financial year. ## **10 Trustee Remuneration and Expenses** No trustees received remuneration during the financial year or the previous year. No out of pocket expenses ocurred during the financial year (2022: One Trustee out of pocket expenses £234) ## **11 Tangible Fixed Assets** |**Tangible Fixed Assets**||| |---|---|---| ||Land &|| ||Buildings|**Total**| ||£|£| |**Cost**||| |At 1 April 2022|600,000|600,000| |Additions|-|-| ||`──────────`|`──────────`| ||600,000|600,000| ||`──────────`|`──────────`| |**Depreciation**||| |At 1 April 2021|-|-| |Charge for this year|-|-| ||`──────────`|`──────────`| ||-|-| ||`──────────`|`──────────`| |**Carrying Amount**||| |**At 31 March 2023**|600,000|600,000| ||`──────────`|`──────────`| |At 31 March 2022|600,000
`──────────`|600,000
`──────────`| 14 ## **Gateway Buildings Trust** ## **Year Ended 31st March 2023** ## **Notes to the Financial Statements** ## **12 Creditors: amounts falling due within one year** |**12 **|**Creditors: amounts falling due within one year**||| |---|---|---|---| |||**2023**|2022| |||**£**|£| ||Accruals|480|480| ||Building mortgage|16,993|16,344| |||`──────────`|`──────────`| |||17,473|16,824| |||`──────────`|`──────────`| |**13 **|**Creditors: amounts falling due after one year**||| |||**2023**|2022| |||**£**|£| ||Building mortgage: later than 1 year and not later than 5 yea|67,973|65,375| ||Building mortgage: later than 5 years|245,153|265,393| |||`──────────`|`──────────`| |||313,126|330,768| |||`──────────`|`──────────`| Loan repayments are secured by the lease agreement held between Gateway Building Trust and Gateway Church, see Note 16. ## **14 Analysis of Charitable Funds** ## **Unrestricted Funds** |**Unrestricted Funds**|||||| |---|---|---|---|---|---| ||1 Apr 2022|Income|Expenditure|Transfers **31 Mar 2023**|| ||£|£|£|£|**£**| |**Unrestricted**|||||| |General funds|252,407|42,109|(25,078)|-|**269,438**| |**Restricted Funds**|||||| |Grounds & vestry redevelopment|25,818|-|(325)|-|**25,493**| ||`──────────`|`──────────`|`──────────`|`──────────`|`──────────`| |**Total**|**278,225**|**42,109**|**(25,403)**|-|**294,931**| ||`──────────`|`──────────`|`──────────`|`──────────`|`──────────`| ||1 Apr 2021|Income|Expenditure|Transfers **31 Mar 2022**|| ||£|£|£|£|**£**| |**Unrestricted Funds**|||||| |General funds|236,123|39,605|(23,321)|-|**252,407**| |**Restricted Funds**|||||| |Grounds & vestry redevelopment|-|27,479|(1,661)|-|**25,818**| ||`──────────`|`──────────`|
`──────────`|`──────────`|`──────────`| |**Total**|**236,123**|**67,084**|**(24,982)**|-|**278,225**| ||`──────────`|`──────────`|
`──────────`|`──────────`|`──────────`| 15 ## **Gateway Buildings Trust** ## **Year Ended 31st March 2023** ## **Notes to the Financial Statements** ## **Fund Description** Grounds & vestry redevelopment Funds donated by members of Gateway Church (Charity number 1087764) towards the redevelopment of the parking area outside St Marks Church or the redevelopment of the Church Vestry. ## **15 Analysis of Net Assets Between Funds** |**Analysis of Net Assets Between Funds**|||| |---|---|---|---| ||Unrestricted|Restricted|**Total Funds**| ||Funds|Funds|**2023**| ||£|£|£| |Tangible fixed assets|600,000|-|600,000| |Current assets|37|25,493|25,530| |Creditors less than 1 year|(17,473)|-|(17,473)| |Creditors greater than 1 year|(313,126)|-|(313,126)| ||`──────────`|`──────────`|`──────────`| ||269,438|25,493|294,931| ||`──────────`|`──────────`|`──────────`| ||Unrestricted|Restricted|**Total Funds**| ||Funds|Funds|**2022**| ||£|£|£| |Tangible fixed assets|600,000|-|600,000| |Current assets|-|25,818|25,818| |Creditors less than 1 year|(16,824)|-|(16,824)| |Creditors greater than 1 year|(330,768)|-|(330,768)| ||`──────────`|`──────────`|`──────────`| ||252,408
`──────────`|25,818
`──────────`|278,226
`──────────`| ## **16 Operating Leases Income as a Lessor** The total future minimum lease payments under operating leases are as follows: ||**2023**|2022| |---|---|---| ||**£**|£| |Not later than 1 year|30,239|30,239| |Later than 1 year and not later than 5 years|120,956|120,956| |Later than 5 years|272,150|302,389| ||`──────────`|`──────────`| ||423,345
`──────────`|453,584
`──────────`| The operating lease is held with Gateway Church Leeds for the use of the St Marks building on a 20 year agreement from the point of signing. The rental charge is recognised as income during the financial year. 16 ## **Gateway Buildings Trust** ## **Year Ended 31st March 2023** ## **Notes to the Financial Statements** ## **17 Contingent Liabilities** Gateway Church has given a limited guarantee against the bank loan in Gateway Buildings Trust. The guarantee states that Gateway Church will be liable to repay all the obligations of the Gateway Buildings Trust loan up to an amount of £420,000 if the trust is unable to meet the loan repay requirements. ## **18 Related Party Disclosure** There were no related party transcation during the year (2021: nil) ## **19 Gateway Church** Gateway Buildings Trust receives funding from and exists in part to provide buildings for Gateway Church (Charity Registration Number 1087764 and Company Registration Number 4158075). 17