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 bU￿lI1ng 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 fu￿11 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 v￿W 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 a￿o￿nts"n9 poI￿leS 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 D1￿CtionS 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 be￿een funds
15
286,950
{1.2521
45,428
1,252
332,378
294.931
Total funds Ca￿led 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[l￿d 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. Un￿tricted 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 v￿￿ntary 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
rec￿nISed 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 a￿a 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