Registered Charity no. 1122411 Regist8red Company no. 06459552 Gateway Buildings Trust (Company Limited by Guarantee) Trustees Annual Report and Accounts Year Ended 31st March 2024
Gateway Buildings Trust Year Ended 31st March 2024 Contents Page Page Legal and Adminlstrative Inf0MtIOn Trusle8s Annual Report Independent Examiners Report Statement of Financial Activtties and Income and Expenditure Account Statement of Financial Posltion Notes to the Financial Statemenls
Gateway Buildlngs Trust Year Endad 31st March 2024 Legal and Admlnlstratlve Infornjatlon The trustses, wtrK) ar8 also the directors for the purposes of company18w, present their report and the unaudited financial statements ol the charity for Ihe year ended 31 MarGh 2024. Tha ffinandal statements have been prepared In a¢ccKdance wlth the accountkng polldes set out In notes to the accounts and comply wllh the charW8 govemlng document. the Charltles Act 2011 and Accountlng and Reportlng by Charits'es: Ststement of Recommended Practbce applicable to chatltles preparing thelr accounts in acCdanCe wlth thè Flnancsal Reporting Standard applicable in the UK and Republic of Ireland publlshed in October 2019. R•fgrenc• The Charlty Is called "Gateway Bulldlng Trust" and Is reglslered wlth Iha Charlty Commls8lon for England and Wales as an Incorporated Assoclatlon Ilmlted by auaranlee . R•gl•tered Charfty Numhr 1122411 R?gl$tsr•d Company Numbor 06459552 R•o18t¢rad Offlc• St. Mark's Church St. ma,$ Road Woodh(MJsa Leeds LS2 9AF Th• Truste•8 and Dlroctor• Christopher Frosl Ellzabeth Bord Samuel Sharfflan Matthew Hor8man Davkl Walkls (Chair) Appointed 0610312019 Appointed 0610312019 Appointed 1411012019 AFpolnied 0811112023 Reslgned 0511012023 Company Socrotary Ellzabeth Blrd Appointed 0610312019 Pvlmary B•nk•r• CAF Bank Lld 25 King's Hlll Avenue King's Hill West Malling Kent ME19 4JQ Indepèndont Examlnor: Philip Holt FCA FCIE Harrison Holt, Chartered Accountsnls High Park Farm, Kirkbymoorside, York, Y062 7HS
Gateway Buildings Trust Year Ended 31st March 2024 Truslees Annual Report TSt•05 Annual R•port (In¢orporatlng Iho dlroctof8 roport Gateway Bulldings Tntst was incorporated as a oynpany on 21st December 2007 and regiglered as a charity with the charity commission of England and Wales on 22 January 21J)8. Thé VMoranduM and Articl8s ofAssociatlon of Gateway Buildings Twsl ware drawn up on this dale arml have not slncé been amended. Structure. Governance and Management Gateway Buildings Tntsl ig managod on a dalOaY ba818 by tt18 Trustees of Ihe TrusL Th8 Tiustees of the charity observe Gateway Buildings Trusvs obligalions under company and charity law and carry primary responsikn'lity for the leadowship ol Galeway 8uildings Trust. Naw Trusteè8 may be appointed by a raso*Jtion passed by the rnalority of lh8 existing truslees. Objectlvos and Achl•v•ments The ststed obiecliv88 01 Gateway Buldings Tfust are.. .To adv8nce the Chri$t5an falth in accordance with Ihe Stalement ol Bellefs held by Gateway Church. .To provide buildings for use by G8teway Church" indudlng m8int8n8nce. reparab(m. preservation, Improvemenl. and recon8tructlon for th8 bgn8fft of the publlc of sultab18 txJlkllng8 for Gateway Church 30 that It may better pursue its stat8d objects. To gchl8ve these objectlves Gateway 8ulldlng8 Trust purch88od St Marks bulldlng and gr(ndS on 13th March 2008, in response to the requegt of Galoway Church and Ihe declslon to renovato th@ bulldlng to sult the Clvjrch's ne6d8. The buikllng has been ronovated and Gateway Church commenced maetlng rogularty at Sl Marts from Sunday 2 March 2014. Galeway Buildings Trust received a grant from English Heritage (now Hlsloric England) ftx repalrn to Sl Marks. In 2015 Gateway Buildlngs Trust received a grant from the Llsted Pla¢e8 of Worshlp Roof Repair Fund, to repair the roof of the ve$try. AJI furmjed repair work ha8 been fulty completed on th8 building. Durfng Ihe finandal year 202312024, Gateway Bulldings Trust contlnues with work relating to Ils Ihree pr40rilles as outitned below..
Gateway Bulldings Trust Year Ended 31st March 2024 Trustees Annual Report 1. Improvlng a¢¢es$ and parklng faGIUtI•$. Follt)wlng Suc5$fUllY Usted Bulldlng Consent and a rèvlsed applkallon ft)r Non-malerfal Amendment to plannlng rA)nsent for a parklng area to thé front of St Mark's, Gateway Bullding Trust 30ught quotes for Ihe plans. In February 2024 Carthy Contr8¢1ing Ltd were instnJd8d to complete the works. Thls was only made possible following a successful grant appllcation fund of £18.000. Gateway Building Trustees would like to recognlse thelr gratIde to the Benefact Trust for th8ir conlribution to thls pr0cl. Worf(s ar8 currently scheduled to begln on Monday 6 th May. followlng n8cessary rlsk as$ossments and checks. 1119 sadly accepted that there are not anough funds al thls 8kge to renovate the cobbled access, bthleh has been ralsed as a heallh and safety concem. 2. Renovatlng th• grounds of St M•rk's The Woodland Managemènl Plan continues io b8 oulworked with Tom Coxhead. Gateway Bulldlng Trust re 8ucc&8sful In achieving a £5000 toward8 creating a wocxlchlp path. Thls was passed on to Gateway church for the man8gemenl of the project by their staff and vdtsnleers. Gateway Bulldlng Tru8te88 would Ilke to rocognls8 thelr gratltudo to Leeds Communlty Foundadon for thelr conlrlbutlon to this project. Work on the palh has stsrted and will conlinue In to 3. R•novatkng lh• *try of 8t Mark's Gateway Bulldlng Trust hav8 conlinued to 8eek grants for tho renovatlon of the vestry, whkh w88 not r8novated as part of the Hlstoric England grant works. It Is hoped that thls Can be utillsed as a communlty space in tha fuiure. Other a¢hlov•m•nts th18 year Indude.. Mainlenance of the bulding and grounds are kept up to dale by Gateway Church, who lease tha building from Gateway Buildings Tnjst, wlih the consultallon of the Bumdings Trust Trustees. Th8 Tru81ees acknowledg8 the hug8 SUPPOrt from the Local Community Payback te8m for their work in this aYe8. The Knotweed on Ihe grounds Inspe¢t8d and treated as per the a9reed plan. Plans for Future P¢rlods Gateway Bulidirys Trust Is hoplng to progress with thè developmenl of thè grounds and parking area Immedlately SUrrnd]J Sl Maths Church in the comlng year. Gateway Bulklings T(ust now endeavours lo renovale Ihe vestry In full to provide a space for communlty actlvrti8s. They continue to se8k grant fundlng over the coming year.
Gateway Bulldings Trust Year Ended 31 st March 2024 Trustees Annual Report R•vl•w of Flnanclal Acllvltles Gateway Bulldings Trust holds a Mortga wilh Triodos Bank. who hold sole charge on Ihe lIdIng of Sl Marks Church. Galeway Church has cnmmittéd to keeping up repayments on this k)an. through the lease payments made to Gateway 8uddlng8 TrusL Gateway Churth has a designated fund set aslde for St Marks bulkling cr8Alad 8nd su8talnBd by Gateway Churth member donallons. ExndItUre during this perfod is almost enllrety related lo loan repayTnents. Gateway Bull dings Trust finishes Ihis financial perfod. much the sam8 as the prevIS year, wllh Ilitle unr8slrict8d cash in Ihe bank. Restrlcled funds are held for the purpose of the grnd red6vdopm8nt. The Trust continu8S to duce its mortgagé in accordance with the loan repayment Sthedule. Galeway Bullding8 Tru$t's Ilnancial position at the end of thè year: Unrostrlcted FundB Rostrlcted Funds Total 286,950 h81d 89 flxed assets (St Mark6 Bulldlng) 45,428 332,378 Publ1¢ B•n•llt G8toway Church glv86 due Conslderation lo thg Charlty Commb68lon's publlshed guldance on Public Benefit r8qulr8mont under Ihe Charllle8 Act 2011. The Trustees pay due regard to tha publlc bengllt they provlde before decldlng what actlvltles th¢ ¢harfty ShOd undertake and contlnue to conslder thdr actlvttl88 In Ilne wllh thelr sta18d objécdves above. Through th8 provl8ion of 8 buihllng for Gateway Church. th8 Buildlr¥J8 Trust provides public banèfil to the chur¢h congre9ation and the local community through the activitles the Church undertakes. Through Ihe maintenance of Sl Math's t)uilding in Woodhouse, Gateway Church benefits the WNIC by providlng a place of wowshlp for all who wlsh to attend and m8intainlng a space that Is open for personal splrilual contemplation. Gatsway Bulldlngs Trust se•ks lo pre8eprfe the herllage of St Marks bulkllng and118ted monuments within it grourKIs. R•serv•s Pollcy The Trustees have consldered the level of r8S8rves they w18h lo relain, appropriale lo the ch8rlV8 needs. Thls is based on the charitys size and Ihe level of financial commrtrnents hekl. The Truslee8 aim to ensure the charity wlll be able to continue to fulfil its chawilable objective8 even if Ihere is a temporary shortfall in iOrne or tsn8xpected expendilure. Th8 directors will endgavour not lo set asid8 funds unneces8arfty. The G8teway Bulldlngs Trust Cuen11Y holds no reservos. the trustees consider th81 It f5 currently unnecessary due to th8 nature of thelr Current athities and th8 commStm8nl from Gateway Church to keep up repayments on Iheir loan. If Gateway Buildi)gs Trnsl was lo embark on a further restoration project, then suffici1 contingency costs will th8 budgeted Into this work.
Gateway Bulldings Trust Year Ended 31 st March 2024 Trustees Annual Report Golng Concom Statsmont The Trustee of Galeway Buiklinas Trusl. M Ihe date of approving this report and accounts, con8lders that therg are no uncertaints'8s aboul the Gharity's abilty to continue as a gn9 concefn. Statement of Dlrector'$ Responsibllltles The Charities Acl and the Companies Act require Ihe Board of Truste8S to prepare finandal slatem8nts for each financlal year which gNe a true and fair vlew of the state of affalrs of the charity 8t the end ol the financial year 8nd of the surplus or doficil of the tharity. In preparing those financial ststements the Board Is requlred to.'_ l. select sultsbla accountlng pollcles and then apply them coDslstently, 11. make ludgments and estlmates that are reasonable and prudant, 111. prepare financial slat8m8nts on a golng concern basis unless il Is Inapproprbab to presume that th8 company will ntinue in business. IV. stste whether appIlblo accountlng siandards and statements of recommended pradle have been followed, subject lo any material departures disclosed and explalned in lh8 financlal slatemenls. The trustees are aho responslble for malntalnlng adequate accountlng records vthlch dlsclose wlth reasonabl8 accuf8cy al any Ilme Ihe ffinanclal poslllon of the charlty and whlch are sufficlent to show and èxplaln the chailtys transactlons and enable them lo ensure Ihat the financlal slalemonts compty wlth the Companles Act 2006 and comply wlth regulatlon8 made under Ihe Charllles Act. They are also responsible for safeguarding the assels of the charity and h8ncA for taking reasonable 51ep8 for the prevention and d81oclion of fraud and other irregularilies. The trustees are responslble for ryepariTr3 the Trustee's Annual RetM)rt and fin8ncial statemenls in accordance wrylh Itt9 8pplicable13w arKI Ihe United Klngdom Generalty Accepled Accountlng Practica. These acc¢>unts hove been pr8par8d In accordgnce wlth the pThlslons appllcable to companl•s sublect the Small companles 8xernptlon. l approve the attached statamant of financlal activltles and balance sh8el for the year ended 318t March 2024 and confimi th81 I have made a¥allab18 all infomiallon necessary for preparab'on. Slgnod on behalf of the dlrg¢tors: Dalo of approval: Ic) / I l Jto2 Chrlsloph•r Frost (Chalr of Trustees)
Gateway Buildlngs Trust Year Ended 31 st March 2024 Independent Examlners Report I report to Ihe charity trustees on my oxamlnalion of thg aGcounts of the conN)any for the year ermjed 31 March 2024 whlch are set t on page8 7 to 17. Responslbllltlos and basls of r•port As the charlty trustees {and also dlrectors for the purpos98 of company law) you are responslbl8 for the preparation of Iho accounts In accordan¢& wlth Ihe rewlremenls of th9 Companles Acl 2006 {'th8 2006 AcV>. Having satisfied myself that Ihe accounts of the company 8re not r8qulred to b8 audlted under Part 16 of the 2006 Act and arg eligible for indepondent 8xamrnatlon. I repl in resp8cI of my examinallon ol your compan$ accounts as carried oul under section 145 of the Charilies Act 2011 ('ihe 2011 Acl'}. In carrying out examination I h8ve followed tho Dlrections given by the Charity Commlsslm under sedion 145(5)(b) of the 2011 Act. Indep•ndent •xamln•rfs statamont I hav8 completed my examinallon, l ¢onfim that no matters havo come lo my att8niion in connection wtth the examinatlon glvlng me cause to bellgve thal In any materlal respecl: 1. accountlrwJ rocord8 wgr8 nol kept In ro8PeCt of lh8 company 88 requlred by sectlon 386 of the 2006 Act; or 2. the accounls do not aCcd wlth those records,. or 3. the accounls do rt compty wilh the accountsng requkements of $8ction 396 01 the 2006 Act other than any requirement that the accounts give a 'true arKI falr vlew. which is nol 8 matter consldered a8 part of an independent examinatth; or 4. the accoun18 have not been propafed in accordance with the mèlh(xt8 and principles of the Statoment of Roc(vnm8nded Pracllce for accountlng and reporllng by Gharitl8S applicable to charllles preparlng thelr accounls In accordan¢8 wlth the Flnanclal R8POrtlng Standard appllcable In tha UK and Republk of Ireland IFRS 102). I have no concems and have come acrogs no other matters In connectlon wlth Ihe examlnallon to whlch attenllon should be drawn In thls report In order to enable a proper undarslandlng of the accounts lo be reached. L(4 WIÈ Phillp Holl FCA FCIE Independent Examiner Hlgh Park Farrn. Klrkbymoorslde York. Y062 7HS ,%l,,l-y
Gateway Buildings Trust Year Ended 31st March 2024 Statement of Flnanclal Actlvlties and Income and Expendlture Account 2024 Reslricled Funds Total Funds Totsl funds 2023 Unrestricted Funds Incorn• Donations and1og8Ci8S Charilable aclivilles Other income 8.957 30.239 71 25,250 34,207 30.239 71 11,832 30,239 38 Total Incom• 39.267 25,250 64.517 42,109 Exp•ndltur• ExpentJitura on charitable aclivilies Govemanca Costs 21,227 528 5,315 26.542 528 24,443 Total exp•ndltur• 21.755 5.315 27.070 25.403 N•t Incom• and n•t mov•m•nt In funds 17,512 19,935 37,447 16.706 Reconclllatlon olfund• Total funds Ought forward Total fund• caIrf loard 14 269.438 25,493 294.931 278,225 14 286,950 45.428 332,378 294,931 The slatemenl of llnanclal actlyllles InclLKles all gains and10s883 recognlsed In th8 year.
Gateway Buildings Trust Year Ended 31st March 2024 Statement of Flnanclal Posltlon 2024 2023 Flx•d as8•ts Tangible fixed assets 11 600.OOD 600.000 Curr•nt aM•ts Cash at bank and in hand 45,356 25,530 Total Currnnt A•s•ts 45,356 25.$30 Cr•dltor•: amotsnts lalllng due wlthln one y•ar N•t curr•nt aBut• 12 18,196 17,473 27.160 8,057 Total assets h•8 culmnt Ilablllth8 627,180 608,057 Cr•dltorn: amount8 falllng du• In more than one y•ar N•t aM•t• 13 294,782 313.126 Is 332,378 294.931 Funds of th• charlty Roslrtcted fvnd5 Unrestrlcted funds 14 14 45,428 286.950 25.493 269,438 332.378 294,931 Total charlty fund8 14 Olmctors RponsIbIl* For the ar endlng 31 March 2022 the charlty was antltled lo exemptlon from audit under aectlon 477 of the Companies Acl 2006 relatlng io small companios. DlreclcY8' r88wJnslbilitie3: The members have nol required the company lo obtsln an audit of fts financl818tat•menl$ for the year in question in accordance wlth s8ct¥)n 476; Th8 directors ad(nowledge Iheir responsibirlties for c¢)mplying with Ihe requir8ments of Ihe Act with respect to accounting records and the Pfoparatlon of fin8nclal statemenls. These financial staleménts have been prèpared in accordanc8 With Ihe provlsions applicablo to companies subjeGI lo the small companies, regime. Thes8 flnanclal statements were approved by the board of truslee5 and aulhorfsed for Issue on the date below, and are signed on behalf of the board by Christopher Fro81 (Chair of Galeway Building Trust). Gateway Bulldlngs Trust Reglstered Company Number: 06459552 8lgn•d on b¢half of the dlr•ctors: Dale of approval: IO/Ii 120Ltr Chrfstopher Frost (Chalr of Trustets)
Gateway Buildings Trust Year Ended 31st March 2024 Notes to the Flnanclal Statements 1 G•neral Infomiatlon The charity is a public benefrt entity and a privale company limited by guarantee, registered in England and Wales and a regislered charity in England and Wales. The address of Ihe registered office13 St. Mark'8 Church, Sl. Mark's Road, Woodhouse. Leeds, LS2 9AF, 2 Statement of Compllanc• The financial statements have been prepared in accordance wlth Accountlng and Reporting by Charities: Stslement of Recommended Praclice applicable to charilles preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Rèpubllc of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). the Charities Act 2011, Ihe Companies Act 2006 and UK Generally Accepted Accounling Practice. The Gateway Buildlng8 Trust constilutes a publlc benefit enlity as defined by FRS 102. 3 Accounllng Poll¢* Ba818 of Preparatlon The financtal statem•nts have been prepared under the hl8torical cost convertbn. The fingncial statement3 are prepared in sterfing, which Is the lunctional currency of the entity and rounded to the nearest £1. The slgnificant a¢¢ounting policias applied in the preparallon of these financial statements are set out bel. These policiès have been con8iStentty applied lo all years presented unle36 otheTrvise stated. A$s8Ment of Golng C•)ncem Preparation ol the accounls is on a going concem basls. The trustees consider thal there are no material unc•rtainties at>out Ihe Charivs ablllty to continue as a golng concern. Fund Accountlng UnStrICted Income fund¥ compiise those funds whlch Ihe trustees are free to for any purpose in furtherance of the charitable obje¢ls. Unrestricted funds include designated furKls where the tfustees, at their discretion, have sel aside resources for a specific purpose. Some regular donations from church members have bean designated for th8 lease paymenl on the St Marks bullding and are set aslde in a buildlng fvnd for Ihis use. Restricted funds are funds which are to be used in accordance with Specific re5tfiCtlons imposed by the donor or the temi of speclfic appeal, often know as a 'special offerlng. in the church. Further explanation of the nature and pufpose of each fund is included in the notes to the accounts.
Gateway Buildings Trust Year Ended 31st March 2024 Notes to the Flnaneial Statsments Incomlng R080urc•s All incoming resrCeS are recognised once Ihe charity has enlitlement to the resources. It s probable Ihal the resources will be received, and the monetary value of incoming resources be measured with sufficlent reliabilty. . All voluntary Income from membw8 of Ihe church are re¢ognlsed as donations and are included in full, wllh assoclatad Gifl Ald receivable in th• Slat¢ment of Flrkincial AGtivities. . Grants where entitlement 18 not conditional on Ihe delivery ol Specific perfonnance by the charlty are recognlsed when th8 charity b8¢ome8 unconditionally entltled to the grant. . Income re8OUfC88 from charilable trading actlvitles such a8 tletting of Sl Mark's bullding are accounted for when involc8s are drawn up (as the polnt of entrtlament). Donated gervice8 and tacililie8 are included at the value to the charity where thls can quanllfied. . Gifts in Klnd are accounled for at a reasonable estimate of Iheir value to th• tharty or the amount actually r88liged. . Volunteer time. the value of voluntary support for the work of the church Is not Included in the accounts bul 13 described in th8 Trust8•s annual report. RMourcg8 •xp•nded Expendlture18 recognised on an a¢¢rual baJi8 a8 a Ilablllty18 Incurred. Liabilitieg are recognised where il Is more lik•ty than not that there is a legal or conslnjctlve obliggtion committing the charity to pay out th• r•8our¢e8 and the amount of the obllgation can be measured wlth reasonable certainty. Gov•rnanc• Costs Include costg of the prepaiation and 8xaminalion of statutory accounts. the costs of the Irustees, ma¢ting8 and cost of any legal 8dvic• to tru$te•s on govemance or constitutional matters. Llablllty Rocognltlon Abiliti•s are recognised as soon as theré is g legal or constructive obligation ¢cmIttlng the chority to pay out resources. Tanglblo fixed assots Land and Buildings The Church building Is held in the accounts al cost value. Due to the nature of Ihe church building It 5$ unreasonable due to Ihe fact that the useful economi¢ life cannot be accurately ostimated. It is also impractical for Ihe building to be held under a maluation model due lo the unique ngtur• of Ihe bullding and the inabilty to reliably valuo Its worth. Due lo both of these reasons the bullding 18 held at cost with impairmenl reviews laking place every few years. 10
Gateway Buildings Trust Year Ended 31st March 2024 Notes to the Flnanclal Statements 0rntIng Leases Renlal charges payable under operating18a8es are charged on a slraight Ilne basbs over th8 tsrms of thg lease. Taxatlon The charity is exempt from lax on its charitable 8ctivlli8S. L•0al Status of th• Charlty The chanty is a company limited by guarantee and has no share capital. In Ihe event of the ch8rlty being wound up, Ihe liability in respect of the guarantee is limltod lo £1 per rn8mb8r of the ch8rlty. 11
Gateway Bulldings Trust Year Ended 31st March 2024 Notos to the Flnanclal Statements 4 Aftaly81J of Incom• Unrestricted Restsicted Totsl Fund8 Funds Funds 2024 Donallons and L•gacla$ Gifts and donanS Gifts In kind 480 8,477 8,957 25,250 25.730 8,477 25250 34307 Charftablo ActMtIo8 Lease incom 30,239 30.239 30.239 30,239 O¢h•r Incom• 88nk Interes1 71 71 71 71 Total In¢om• 39,267 25.250 64,517 Unreslncted Re8ln¢ted Total Funds Funds Fund8 2023 Donallons and L•9acI Gifts and donatlons Glfts In klnd 1.152 10.880 1,152 10,680 11.832 Charltsbl• A¢tlvllle• Lea88 Income 30,239 30,239 30.239 30,239 Olh•r Incom• Bank Inlerest 38 38 Total Income 42.109 42.109 12
Gateway Buildings Trust Year Ended 31st March 2024 Notes to the Financlal Ststements S Expendltur• on Charflabl• Actlvltles by Fund Typo Unrestrfcted Réstrlcted Total Fund• Funds Funds 2024 Bank charges IT costs Insurance Licences Loan interest Building repairs and maintenance Grounds and building redevelopment 60 120 8.477 60 120 8,477 12.570 12,570 5,315 5,315 6.315 26.542 21.227 UnreJtricted Re8trict•d Total Fund• Fund8 Fund$ 2023 Bank charges IT cost8 Insurance Liconces Loan interest Buildlng repairs and maintenance Grounds and building redevelopment 72 120 8,040 72 120 13,246 13.246 2.640 325 2.965 24.118 325 24.443 6 Govemanc• C08ts Unrestricted Restdcted Totsl Fund8 Funds Funds 2024 Legal & profess1or1 fees 528 628 528 528 Unrestrlcled Restricted Total Funds Funds Funds 2023 Legal & professional fees 960 960 13
Gateway Buildings Trust Yr Endad 31st March 2024 Notes to the Flnanclal Statsments 7 Indop•ndont Examlnallon Foo8 Fees payable lo the irHlependent examiner for., 2024 2023 Independent examination 528 480 8 Goods, Sorvlce• and FaGIIItIM Donated In Klnd Durlng the yaar Ihe charlty received donat10 in kind from Gateway Church. Gateway Church pay for o joint Insurance policy, Ihe value of whlch Is associated wlth Gateway Building Tru81 is £8,443 (Glfts In Kind 2023.. £10,680). 9 Staff Cts The Charity had no employees during Ihi8 year or pr•vioug financlal year. 10 Tru8te8 R•mUnl10n and Expon•g• During the year two Irustee$ rec8lved Mmuneratlon of out of pocket expenses lotalllng £315 (2023: nill). These expense8 where legal c0818 of appI.n9 for plaanlng permi$¥ion and settlng up a conlarct for work 8tartlng In April 2024. 11 Tanglbl• Flx•d A88Ot• Land & 8uilding8 Total Cost At 1 Aprll 2023 Additwis 000,000 600,000 800,000 600,000 D•preclatlon At 1 April 2023 Charge for thi8 year Carrylng Amount At 31 March 2024 600,000 600.000 At 31 March 2023 600,000 600,000 14
Gateway Buildings Trust Year Ended 31st March 2024 Notes to the Flnanclal Statements 12 Credltors: amounts falllng due with5n on• yaar 2024 2023 Accruals Building morlgaga 528 17.668 18,196 480 16.993 17,473 13 Cr•dll¢xs: afflounts fallng due after one yoar 2024 2023 Bullding mortgage: later Ihan 1 year and nol laler than 5 ar$ 8uildlng mortgagB:181or than S ye8r8 70,674 67,gn 224,108 245,153 294.782 313,126 Loan repaymenis are 88cured by the lease agreament held belweon Galoway Bulldlng Trust and Gataway Church, see Note 16. 14 Anaty81s of Charltablo FundB Unrn•trlctod Fund• 1 Apr 2023 Income Exp8ndlture Transfers 31 Mar 2024 Unr•8trlct•d Genernl fund8 269.438 39.267 (21,755) 286,950 Restrfod Fund• Grounds & vestry redevel¢¥manl 25,493 25.250 (5.315) 45N28 Total 294.931 64,517 (27,070) 332,378 1 N)r 2022 Income Expenditure Transfers 31 Mar 2023 Unrnstricted Funds General funds 252,407 42.109 (25.078) 269,438 R¢strl¢téd Funds Grounds & vestry redevolopmont 25.818 (325) 25,493 Total 278,225 42,109 (2&403) 294,931 15
Gateway Buildings Trust Year Ended 31st March 2024 Notgs to the Flnancial Statements Fund De8¢rlptlon Grounds redev8lopment Funds donated by members of Gateway Church {Charlty number 1087764) and grants recelved tOrI the redevelopm8nt of the grave yard and paIng area outsld8 St arks Church. 15 Anoty81s of Net As8018 Betw••n Funds Unre8lricl8d R881rfcted Total Fund• Funds Funds 2024 Tanglble flx8d assets Current a888ts Credltor51oss than 1 year Creditors greater than l year 600.000 {721 <18,196) (294,782) 286.950 600,000 45,356 (18,196) (294.782) 332.378 45,428 45.428 Unreslrlcleil Restrlcted Total Funds Funds Funds 2023 T8nglble fixed asget8 Cuffenl assets Cre(Iltors less than 1 year Cr8dlth greater than 1 year 600,000 37 (17.473) (313,126) 269,438 eoo,000 25,530 (17,473) (313.126) 294.931 25,493 25,493 16 Opw•tlng L•au• Incon a• a L•••or The tolal fvlurn mlnirnum lease payments under operating leases are a8 fdlows: 2024 2023 Nol later Ihan 1 year Later than 1 year and not than 5 year8 Later than S ygars 30.239 30.239 120,956 120.956 241,911 272.150 393.1[ 423,345 Tho oporallng lease Is held wlth Gateway Church Leeds for the use of thg St Marks bulldlng on a 20 year agreement from the polnt of slgnlng. The renlal charge Is recognlsed as In¢ome dUrir the flnancial year. 16
Gateway Bulldlngs Trust Year Ended 31st March 2024 Notss to the Flnanclal Statements 17 Contlngont Llablllil•s Gateway Church has given a limlted guaranteè against Ihe bank loan in Gateway Buildlngs Trust. Th8 guarantee states Ihat Gateway Church will be liabl8 lo rap8y all the obligations of the GateW8y Buildings Trust loan up lo an amount of £420,fyJO if the trust is unable to meel the loan repay requirements, 18 Rolatsd Party D1•c1Ul• Durfng the year. Galeway 8uildlng Trusl r8celved a grant of £5,000 from Leéds Communlty Foundallon for the redevelopmènt of Ihe giaveyard area surroundlng St Marks, and cr8atlon of a naturè palh in the 9rounds. These funds wére passed on lo Gateway Church (Charity Registration Number 1087764) for the manag8mént of Ihe project. Christopher FrosL Chair of Truslees is an employee and Key Management Personal of Gateway Church12023: no related party transactiw). 19 Post. Bala• Sho•t Ev4nt A ¢aplt81 commltrnent lo Cathls Conslructlon Llmlled w85 made before the end of tha Ilnancial year, however th8 constriclk>n woth dkl not start vntil May 2024. The value of Ihe capilal commilmenl was £46.572 . The woth eniali ed the rgsurfaang of Ihe car parf(ing a8 and relaying of cobbles imm8diately outsid8 St Marks Church. This commltment will be paid from Ihe grourKl$ & vesty redevelopmanl reslrlcted fund. 20 Galway Church Galeway 8uildings Trust receiv88 funding from and exists in part to provldo buildings for Gateway Church (Charlty R8glstr8tion Number 1087764 and Company R8gistratlon Number 41580751. 17