Registered Charity no. 1122411 Registered Company no. 06459552 Gateway Buildings Trust (Company Limited by Guarantee) Trustees Annual Report and Accounts Year Ended 31st March 2025
Gatewav Buildinas Trust Year Ended 31st March 2025 Contents Page Page Legal and Administrative Information Trustees Annual Report Independent Examiner's Report Statement of Financial Aclivities and Income and Expenditure Account Stalement of Financial Position Notes to the FinanGial Statements
Gatewav Buildinqs Trust Year Ended 31st March 2025 Legal and Administrative Informalion The Trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the Charity for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policres set out in noles to the accounts and comply with the charitls goveming document. the Charities A¢1 2011 and Accounting and Reporting by Charities.. Slalement of Recommended Pra¢b"¢e applicable to ¢harilies preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland published in O¢lober 2019. Registered Charity Number 1122411 Registered Company Number 06459552 Registered Office St. Mark's Church St. Mark's Road Vvoodhouse Leeds LS2 9AF The Trusteos and Directors Christopher Frost Elizabeth Bird Samuel Sharman Malthew Horsman Gabriel W(xxlger (Chair} Appointed 0610312019 Appointed 0610312019 Appointed 1411012019 Appointed 0811112023 Appointed 2511112024 Company Secretary Elizabeth Bird Appointed 0610312019 Primary Bankers CAF Bank Ltd 25 King's Hill Avenue n9's Hill West Malling Kent ME19 4JQ Independent Examiner= Philip Holt FCA FCIE Harrison Holl. Chartered Ac¢ounlanls High Park Farm. Kirbymoorside. York, Y062 7HS
Gateway Buildings Trust Year Ended 31st March 2025 Trustees Annual Report Trustees. Annual Report (incorporating the direclor's pOrt) Gateway Buildings Trust was incorporated as a company on 21st December 2007 and registered as a charity with the Charity Comrnission of England and Wales on 22 January 2008. The Memorandum and Articles of Association of Gateway Buildings Trust were drawn up on this dale and have not since been amended. Structure, Governance, and Management Gateway Buildings Trust is managed on a day-rtay basis by the Trustees ofthe Trust. The Trustee5 of the charity observe Gateway Buildings Trust's obligations under company and charrty law and carry primary responsibility for the leadership of Gateway Buildings Trust. New Trustees may be appointed by a re501ulion passed by the majority of the existing trustees. Objectives and Achlevements The slated objects.ves of Gateway Buildings Trust are= To advance the Christian faith in accordance wrth the Statement of Beliefs held by Gateway Church. To provide buildings for use by Gateway Church. including maintenance, reparation, preservation, improvement, and ieconslruction for the benefit of the publi¢, of suitable buildings for Gateway Church so that il may better pursue its slated objects. To achieve these objectives. Gateway Buildings Trust purchased Sl Mark's building arbd grounds on 13th March 2008. in response lo the request of Gateway Church and the decision to renovate the building lo suit the church's needs. The bUlI1ng has been renovated and Gateway Church commenced meeb.ng regularly al St Mark's from Sunday, 2 March 2014. Gateway Buildings Trust received a granl from English Heritage (now Historic Englandl for repairs to St Mark's. In 2015, Gateway Buildings Trust received a grant from the Lisled Places of Worship Roof Repair Fund to repair the roof of the veslry. All funded repair work has t>een fully completed on the buildirtg. During the financial year 202412025, Gateway Buildings Trust continued work ielaling lo its three core priorib"es, as outlined below.. 1. Improving access and parking facilities We are pleased lo report that this project has now been successfLJIty completed, providing safe and improved access to Ihe building for Ihe local community- This marks a significant milestone in our vision for a ore wel(xJming and accessible St Mark's. We express our Since gratitude to the Benefact Trust lor their generous gianl. which made this essenlial work possible.
Gateway Buildings Trust Year Ended 31st March 2025 Trustees Annual Report 2. Renovating the grounds of St Mark's Following a grant from Leeds Community Foundation and matched funding from Aviva. a team of dedicated volunteers continues to make progress on the woodland path around the church grounds. This is part of our ongoing commitment to creating a safe, beaulrful, and environmenlalfy sensitkve outdoor space for the communrty. Previously, Leeds Tree Care completed necessary salety work on several trees and conducted a woodland management survey, which informed our approach. Renovating the vestry of St Mark's Thanks to funding received from the npower Business Solulions Foundalion, preparatory work has now begun to enable us to go to tender foT the renovation of the veslry. This project, whi¢h was not included in the earlier Historic Eng grant, aims to transform the vestry into a funcb.onal cornmunity space. The Trust continues to seek additional funding lo mplete this work in full. Other achievements Maintenance of the buikling and grounds continues to be effectivety managed by Gateway Church, in consultation with the Gateway Buildings Trust Truslees. The Local Communty Payback team has provided invaluable support with ongoing site upkeep-our thanks go to them for their conb.nued commitment. Followrng St Mark's Bionze Eco Church award, the community remains focused on seeking additional environmental initiatives. This year. the knotweed identified on-site was treated accordin9 to Ihe approved tnonagement plan. Plans for Future Periods Looking ahead. Gateway Buildings Tnjsl will f(Kus on progressing the vestry renovation project, moving into the tendering and delivery phase. We are committed to seeking further grant funding throughout the coming year lo support the full redevelopment ol this space for community use. Review of Financial Activities Gateway Buiklings Trusl holds a mori9age with Triodos Bank. who hold sole charge on the building of St Mark's Church. Gateway Church has Committed to keeping up repayments on this loan through the lease payments made lo Gateway Buildings Trust. Gateway Church has a designated fund set aside for St Mark's building. created and sustsined by Galeway Church member donations. Expenditure during this period relaled to Ihe redevebprnenl of St Mark's car park and loan repayments. Gateway Buildings Trust finishes Ihis financial period much the sawne as the pievioLtrS year. Reslricled funds are held for the purpose of Ihe ground redevelopment. The Trust continues lo reduce its mortgage in accordance with the k)an repayment schedule_ Gateway Buildings Trust's financial position at Ihe end of the year." Unrestn'cted Funds 307.869 73.140 hekj as fixed assets 1st Marks Buildi) Restricted Funds Total Funds 381,009
Gateway Buildings Trust Year Ended 31st March 2025 Trustees Annual Report Public Benefit The Charity gives due consideration to the Chaftly Commission's published guidan on the Public Benefrt requirement under the Charities Act 2011.The Ttuslee pay due regard lo the public benefit they provide before deciding what a¢tivrties the charity should undertake and Continue to consider their aclNities in line with their slated objeGlives above. Through the provision of a building for Gateway Church. the Charity provides public benefit to the hurch congregation and the local community through the activities the Church undertakes. Through the maintenance of Sl Mark's building in Woodhouse. the Charity benefits the public by providing a place ol worship for all who wish to attend and maintaining a space lJ)al is open for personal spiritual contemplation. Reserves Policy The Trustees have considered the Ve1 of reserves they wish to retain, appropriate to the charity's needs. This is based on the Charity's syze an¢ the level of financial wmmitments held. The Trustees aim lo ensure the charity will be able lo continue lo fu11 its tharitsble obieclives even if there is a temporary shortfall in income or unexpected expenditure. The directors will endeavour not lo set aside funds unnecessanly. The Charity CLJrrently hokls no reserves- the Trustees consider that it is currenlly unnecessary due lo the nature of Iheif current aGtivrties and the commitment frcKn Gateway Church lo keep up repayments on their loan_ If the Charity was to embar1( on a further restoration project, then surricienl Contingency costs will the budgeted into this work. Going Concern Statement The Trustees of the Charty. on the date of approving this reporl and accounts, considers that there are no uncertainties aboLJI the charity's ability to conb.nue as a going concern. Statement of Dire¢tOTS' Responsibllities The Charities Act and the Companies Act require the Board of Tnjstees to prepare financial slalemenls for each financial year. which give a true and fair vW of the slate of affairs of the Charity at the end of the financial year and of the surplus or deficit of the Charrty. In preparing those financial statements, the Board is required to: l. select surtable aonts"n9 poIleS and then apply them consistentfy, 11. make judgements and esb"mates that are reasonable and prudent. Ill prepare financial slalemenls on a going conceTn basis unless il is inappropriate lo presume that the company will continue in business. IV. slate whether appli¢able a¢¢ounting standards and slalemenls of recommended practice have been followed. subject lo any material departures disclosed and explained in the financial siatemenls. The Trustees are also responsible for maintaining adequate accounts.ng records which disclose wilh reasonable accuracy at any b.me the Iinancial posrtion of the charity and which are sufficient lo show alld explain the charity's Iran5aCtions and enable them to ensure that the financial slalements comply with the Companps Act 2(106 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assels of the charity and hence for taking reasonable steps IOT the prevention and detection of fraud and other irregularities.
Gateway Buildings Trust Year Ended 31st March 2025 Trustees Annual Report The Tru51ees are responsible for preparing the Trustee's Ar)nual Report and financial statements in accordance with the applicable law and the Untled Kingdom Generalty Accepted Accounting Practice. These accounts have been prepared in accordance with the provisions applicable lo companies subject lo the small companies, exemption. l approve the attached statement of finan¢ial a¢tivilies and balance sheet for the year ended 31 St March 2025 and confirm that I have wnade available all f0[Mation necessary for ils preparation. Signed on be alf of th directors: Date of approval: o q J Iz / Zo Z S Christopher Frost (Chair of Trustees)
Gatewav Buildinas Trust Year Ended 31st MarGh 2025 Independent Examiner's Report I report lo the charity trustees on my examination of the accounts of the company for the year ended 31 March 2025 which are Set out on pages 7 10 17. Responsibilities and basi5 of report As the charity truslees land also direclors for the purposes of company lawl you are responsible lor the preparation of the accounts in accordance wth the requirements of the Companie5 Act 20061'the 2006 Act,). Having satisfied myseff that the accounts of the company are not required to be audited under Part 16 of the 2006 kn1 and are eligible for independent examination. I report in respect of my examination of your company's accounts as carried out under seclion 145 of the Charities Act 2011 1.the 2011 Act'}. In caryng out my examination I have lollowed the D1CtionS given by the Chanty Commission under section 14515}Ibl of the 2011 Act. Independent examin•r's statement I have completed my examination_ l ¢onfimi that no matters have come to my aitenlion in Connection with the examination giving me Cause to believe that In any material respe¢t'. 1. Accounting rdS were not kepl in respect of Ihe company as required by section 386 of the 2006 Act- or 2. The accounts clo not accord those records: or 3. The accounts do not comply with the accounb.ng requirements ol section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair Vie which is not a matter considered as part of an independent examinalion.. or 4. the accounts have not been prepared in accor(lance hwth the methods and principle5 of Ihe Statement of Recommended Practice for accounting and reporting by charilies applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no ¢oncetns and have ¢ome across no other matters in ¢onnection wth the examination to which attention should be drawn in this report in order to enable a proper understanding of the acco to be reacheé rLof IFIE Philip Holt FCA FCI Independent Examiner High Park Fami, Kirkbymoorside York. Y062 7HS
Gatewav Buildinqs Trust Year Ended 31st March 2025 statement of Financial Activities and Income and Expenditure Account 2025 2024 Unrestricted Funds Reslricled Funds Total Funds Total funds Note In¢ome Donations and legacies Charitable activities Other income 13.978 30,299 37 75,000 88,978 30,299 37 34,207 30,239 71 Total income 44.314 75,000 119,314 64,517 Expenditure Expenditure on charitable aGtivilies 22.142 48,540 70,682 27,070 Total expenditure 22.142 48,540 70,682 27,070 Net income and nèt movement in funds 22.172 26.460 48.632 37.447 Reconciliatiorb of funds Total funds brought forward Transfer beeen funds 15 286,950 {1.2521 45,428 1,252 332,378 294.931 Total funds Caled forward 15 307,869 73,140 381.009 332,378 The statement of financial activities includes all gains and losses recognised in the year.
Gatewav Buildinas Trust Year Ended 31st March 2025 Statement of Financial Position 2025 2024 Note Fixed assets Tangible fixed assets 12 6(K),000 600,000 CurrÈnt assels Debtors Cash al bank and in hand 12 74.580 2,529 45.356 Total Current Assets 77,109 45,356 Crèditor$= amounts falling dut within one yoar Net current assets 13 20,391 18.196 56.719 27.160 Total assets less current liabilities 656,719 627.160 Creditors: amounts falling due in more Ihan one year 14 275.710 294,782 Net assets 16 381,009 332,378 Funds of the charity Restricled funds UnreslriGted funds 15 15 73,140 307,869 45.428 286,950 Total charity funds 15 381.009 332,378 Directors Responsibilities For the year ending 31 March 2025 the charity was ent[ld to exemption from audit under section 477 of the Companies A¢t 2006 relab.ng to small companies. Directors. reswnsibilities.. The members have not required the company to oblain an audit of its fÈnan¢ial statements for the year question in accordance wlh seclion 476- The dire¢tors acknowledge their responsibilities for complwng with the requirements of the Act with respect to accounting records and the preparab.on of th"nancial Statements. These financial stalemenis have been prepared in accordan with the provisions applicable lo companies subject to the small companies. regime. These financial statements were approved by the board of trustees and authorised lor issue on the dale below, and are signeé on behalf of Ihe board by Chrislopher Frost {Chair)- Gateway BuFldings Trust Registered Company no. 06459552 Signed on behall of the dir ctors: Datg of approval: OQJIL J Lo25 Christopher Frost IC air of Trustees)
Gatewav Buildinas Trust Year Ended 31st March 2025 Notes to the Financial Statemenls 1 General Information The Charity is a public benefit entty and a private company limiled by gtJarantÈ8, registèred in England and Wales and a registered charity in England and Wales. The address of the registered office is Sl. Mark's Church, St. Mark's Road, Woodhouse, Leeds, LS2 9AF. 2 Statement ofcompliance The financial statements have been Prepared in accordance with Accounb"ng and Reporting by Charib"es." Slatefnenl of Recommended Pracb"ce applicabFe to charities preparing Iheir accoun15 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in Oclober 2019. the Financial Reporting Standard applicable In the United Kingdom and Republic of Ireland {FRS 1021. the Charities AGI 2011, the Companies Act 2006 and UK Generally Accepted AGcounting PraGIiGe. The Gateway Buildings Trust constitutes a public benefit entity as defined by FRS 102. 3 Accounting Policies Basis of Preparation The financial statements have been prepared under the historical cost convention. The financial statements are prepared in steding. which is the fvnclional currency of the 8ntity and Tounded to the nearest £1. The significant accounting policies applied in the preparalion of these financial slalements are set out below. These policies have been consistenuy applied to all years presented unless otherwise slated. Assessment of Going Concern Preparation ol the accounts is on a going concern basis. The trustees consider Ihal there are no material uncertainties al)out the Charitys ability to wntsnue as a going ¢oncern. Fund Accounting Unrestricted income funds comprise those funds which the lJustees are free lo use for any purpose in furtherance of the charitable objects. Untricted funds include designated tunds where the trustÈe5. at their discretion. have set aside resources for a specific PLJrpose. Some regular donations from church members have been designated for the lease payment on Ihe St Marks building and are set aside in a building fund for this use. Restricted funds are funds which are lo be used in accordan¢e wrth specific restrictions imposed by the donor or the term of spe¢ific appeal. often know as a 'spècial offering, in the church. Further explanalion ol the nature and purpose of each fund is included in the notes to the accounts.
Gatewav Buildinos Trust Year Ended 31st March 2025 Notes to the Financial Statements Incoming RÈSoUr$ All incoming resources are recognised once the charity has entitlement lo the resources. Il is probable that the resources will be received, and the monetary value of incoming resources can be rneasured with sufficient reliability- . All voluntary income from members of the church are recognised as donations and are in¢luded In ftjll, with as50ciale(J Gift Teceivable in the Statement of Financial Ackn'vilies. Granls where entitlèment is not condib.onal thè dèlivery of specific performanGe by the charity are recognised when the charity becomes uncondilionally enliued to the grant. Income resources Irom charitable trading a¢tivrties such as the letting of Sl Mark's btlilding are accounted for when invoices are drawn up {as the poinl of entitlementl- Donated services and faciliti8s are included at the value to the charity where this Can be quantified. Gift5 Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Volunteer lime. the value of vntary support for the work of the church is not included in the accounts but is described in the Trustees annual report. Resources expended Expenditure is recognised on an acuual basis as a liability is incurred. Liabilities are recnISed where it is more likely than not that there is a legal or construclive obligation committing the charity lo pay out the iesources and the amount of the obligabon can be measured wilh reasonable certainty. Governance Costs InGlud8 costs of ¢he preperatiorTr arTrd ex&minatTron of etatutory accounts. the co8t8 of the trustees. meetings and Cost of any legal advice lo trustees on governance or consts"tLrtional matters. Liability Recognltlon Liabilities are recognised as soon as there is a legal or constructNe obligalion committing the ¢harity lo pay out resources. Tangible Fixed Assets Land and Buildings The Church building is held in the acc(iunts al cost value. Due to the nature of the church building rt is unreasonable due to the fact that the useful economic life cannot be accurately estimated. 11 is also impracts.cal for the building to be held under a revaluab.on model due to the unique nature of the building and the inability to reliably value ils worth. Due to both of these reasons Ihe buikling is held at cost with impairment reviews taking place every few years. Operating Leases Renial charges payable under operating leases are charged on a slraighl line basis over the lemis of the lease. io
Gatewav Buildinas Trust Year Ended 31st March 2025 Notes to the Financial Statements Taxation The charity is exempt from tsx on its charitable activities. LÈgal Status of the Charty The charity is a company limited by guaranlee and has no share capital. In the event of the charity being wound up, the liability in respecl of the guarantee is limited lo £1 per member of the charity. li
Gateway Buildings Trust Year Ended 31st March 2025 Notes to the Financial Statements 4 Analysls of Income Unrestricted Restricled Total Funds Funds Funds 2025 Donations and Legacies Gifts and donabons Gifts in kirKI Grants 4.508 9.470 4,508 9.470 75.000 75.000 13,978 75.000 88.978 Charitable Activities Lease income 30,299 30,299 30,299 30,299 Other Income Bank Interest 37 37 37 37 Total Incorne 44.314 75.000 119.314 Unrestricted Restn'cled Total Fund$ Funds Funds 2024 Donations and Legacies Gifts and donations Gift5 in kind 480 8.477 25.250 25.730 8,477 8,957 25.250 34.207 Charbtable Activitie$ Lease income 30.239 30,239 30,239 30.239 Other In¢ome Bank interest 71 71 71 71 Total Income 39,267 25.250 64.517 12
Gateway Buildings Trust Year Ended 31st March 2025 Notes to the Financial Statements S Expenditure on Charitsble A¢tivities by Fund Type Unrestn"cleol Restn"cted Total Funds Funds Funds 2025 Bank charges IT c051s Insurance Licences Loan interest Building repairs and maintenance Grounds and building redevelopment Gov&rnance Costs 60 120 8.705 60 120 8.705 11,868 765 11.868 765 48,540 624 48,540 624 22,142 48,540 70,682 UnreslrTrGted Restricted Total Funds Funds Funds 2024 Bank charges IT costs Insurance Licences Loan interest Building repairs and maintenance Grounds and building redevelopment Governance Costs 60 120 8.477 60 120 8,477 12.570 12,570 5.315 5,315 528 528 21.755 5.315 27.070 6 Governance Costs Unreslrided Reslri¢ted Total Funds Funds Funds 202$ Independent examiners fees Companies House fees Postage 580 580 34 10 10 624 624 Unrestrtcled Restricted Total Funds Funds Funds 2024 Independent examiners fees 528 528 528 528 13
Gateway Buildings Trust Year Ended 31st Mar¢h 2025 Notes to the Financial Statements 7 Independent Examination Fees Fees payable lo the independent examiner foi= 2025 2024 Independent examination 580 528 8 Goods. Services and Facilities Donaled in Kind During Ihe year the charity received Iwo donakn.ons in kind from Gateway Church. Gateway Church pay for a joint insurance policy. the value of which is associated with Gateway Building Tru51 is £8,705 { 2023.. £8.443. 10,6801. Gateway Church also paid for the lightening protection instalmenl lo the building on behaff of Gateway Buildings trust the value of the protection upgrade was £765. The lolal Gifts in Kind from Gateway Chur¢h was £9.470. 9 Volunteers Gateway Buildings Trusl woukl like to Ihank the volunteers who have helped with the grounds path project through the year. A small team of volunteers from the church have worked on the path through Sl M8rks grounds once a month giving an approximate combined 300 voluntary hours ring the year. 10 Staff Costs The Charity had no ernployees dLFring Ihis y8ar or previous financial year. 11 Trustee Remuneration and Expenses During the year one Trustee received remuneration of out of pocket expenses lotalling £4412023.. 2 trustees. £3151. These expenses were legal and administration costs. 12 Tangible Fixed Assets Buiklings Total Cost At 1 April 2024 Addition5 600.000 600.000 600,000 600.000 Depre¢iatlon At 1 April 2024 Charge for this year Carrying Amount At 31 March 2025 600.000 600.000 At 31 March 2024 600,000 600,000 14
Gateway Buildings Trust Year Ended 31st March 2025 Notes to the Financial Statements 12 Debtors 2025 2024 Grant Receivable Prepayments 74,580 74,580 13 Credltors.. amount5 falling due within one year 2025 2024 Accruals Building mortgage 2.020 18,371 528 17,668 20.391 18,196 14 Creditors.. amounts falling due after one year 2025 2024 Building mortgage.. latèr than 1 yèar and not later than 5 year Building mortg8ge- 18ler than 5 years 73,482 202,228 70,674 224,108 275.710 294,782 Loan repayments are secured by the lease agreement held behv8en Gateway Building Trust and Gateway Church, see Note 17. 15 Anatysis of Charitable Funds Unrestricted Funds 1 Apr 2024 Income Expenditure Transfers 31 Mar 2025 Unrestricted General funds 286.950 44.314 {22.1421 11.2521 307.869 Restricted Funds Grounds redevelopment Vestry redevelopment 45.428 146.6801 11.8601 1,252 75.(H)O 73,140 Total 332.378 119.314 (70.682} 381,009 15
Gateway Buildings Trust Year Ended 31st March 2025 Notes to the Financial Statements Analysis of Charitable Funds Gont. 1 Apr 2023 Income Expenditu Transfers 31 Mar 2024 Unrestricted Funds General funds 269.438 39.267 {21.7551 286,950 Restricted Funds Grounds & vestry redevek)pment 25.493 25.250 15,3151 45,428 Total 294.931 64.517 {27.070} 332,378 Fund Description Grounds redevelopment Funds donated by members of Gateway Church Icharity number 10877641 and grants received towards the redevelopment of the grave yard and parking aa outside Sl Matk5 Church. Vestry redevdopment Grant awarded lo Gateway Church and Gateway Buildings Twst for the redevelopment of the vestry into a usable community space. 16 Analy51$ of Net Assets Between Funds Unrestricted Restricted 2025 Tangible fix assets Current assets Creditors less than 1 ar Creditors greater than 1 year 600.0(KJ 3.969 120,3911 275.7101 307,869 600,01)0 77.109 120.391 (275.7101 381,009 73.140 73.140 Unrestricted Restricted 2024 Tangible fi.xed assets Current assets CreditOTS less than 1 year Creditors greater than 1 year 600.000 {72) 118.196 {294:782) 286.950 600,000 45,356 118,1961 1294,7821 332.378 45,428 45.428 16
Gateway Buildings Trust Year Ended 31st March 2025 Noles to the Financial Statements 17 Operating Leases Incomg as a Lessor The total future minimum lease paymenls under operaty.ng leases are as follows.. 2025 2024 Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years 30,239 120.956 211.672 30,239 120,956 241.911 362.867 393.106 The operating lease is held with Galeway Church Leeds for the use of the Sl Marks building on a 20 year agreement from the point of signing. The rental charge is recognised as income during the rinancial year. 18 Contingent Liabililies Gateway Church has given a limited guarantee againsl the bank loan in Gateway Buildings Trust. The guarantee ststes that Gateway Church will be liable to repay all the obligalions of Ihe Gateway Buildings Trusl loan up to an amount of £420.000 if the trust is unable lo meet the108n repay requirements. 19 Related Party Disclosure Alongside the lease commilrnenis Gateway Church made gifts of £4,508 12024.. £5,000) to Gateway Buildings Trust lo cover administrative and building repair costs. Chrislopher Frost, Chair of Trustees 1$ an Èmployee and Kèy Management Personnel of Gateway Church. During the year. Gateway Church received a grarrt of £75.000 from Npower Business Solutions Foundations for the redevelopment of the St hAarks Vestry. payable over 2 years. The cash for these were held by Gateway Church (Charity Registration Number 10877641 on escrow and passed on to Gateway Buildings Trust as the vestry redeveK)pment proceeds, the full fund is intended to be spent by Galew8y Buildin9 Tiusl and therefore has been recognised as a debtor in these accounts. Al the yèar end £49.520 was outslanding from Galeway Church and £25.060 due from Np(trwer Business Solutions Foundations. 20 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 41580751. 17