CHURCH SWINDON Report and Accounts Year Ended 31 March 2022 GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2022 Contents Company Information Trustees. Report 2-14 Independent Examinerfs Report 15 Statement of Financial Activities 16 Balance Sheet 77 Statement of Cash Flows 18 Notes to the Accounts 19-29 GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2022 Company Information Charity Name Company Registration Number Charity Registration Number G0￿MIng Dowment TrusteOS Gateway Church Swindon 06541956 1123831 Memorandum and Articles of Association dated 2110312008 Mark {￿en Ichairl Nigel Howarth lan Lowe Colin Thornton And￿W Neale Mallika Ebenezar Nigel Howarth The Trinity Centre Stonehill Green Westlea Swindon Wiltshire SNS 7AR Registered Address Senior ManagernentTearn Colin Thornton (Chief ExeCutp￿ and Senior EldÈrl Al Cotton (Elderl Nigel Howarth (Elder) Barclays Bank PLC Barclays Business Centre 10-14 High Street Swindon Wiltshire SN13ED Bankers Independent Examinor Lourens du Plessis ACA CA15A) Stewardship 1 Lamb's Passage London EC1Y 8AB GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2022 Trustees, Report I. STRUCTURE, GOVERNANCE AND MANAGEMENT l.l. Structure Gateway Church Swindon I'GCS'I was incorporated in March 2CM)8 as a company limited by guarantee and is the successor charity to Swindon Family Church. GCS is a diverse Christian church based in Swindon, Wiltshire. It is part of Re9ions Beyond, an intemational network of churches overseen by Steve Oliver. and is part of the Newfrontiers family of churches. It is also a member of the Evangelical Alliance. No extemal party. including the Evangelical Alliance, Newfrontiers and Regions Beyond. took decisions or had voting rsghts in the govemancÈ of GCS. 1.2. Governance The charity is governed by the trustees, who are appointed for the skills and experience that they may offer in contributing to the governance of the charity- Trustees must subscribe and adhere to. in belief and lifestyle, the statèment of beliefs set out in the memorandum and articles of association and are typically invited from existing church members. The trustees have adopted a policy for the induction and training of new trustees. including providing each trustee with the following.. A copy of the goveming documents, The most recent annual report and accounts, Current job description for trustee or tnjstee chair las appropriatel, A copy of appropriate Charity Commission publi¢ations. New tnjstees are made aware of the charity's professional advisors, accountants and any current issues. They are also rnade aware of the organisational management strueture. employees and their responsibilities. They are given the opportunity to meet Staff rnembers to be appraised of matters of current activities. The trustees meet at least four tirnes a year, where aims. strategies and policies for achieving the charity's responsibilities and objectives are agreed and reviewed regularty. The trustees have overall legal and financial responsibility for the charity. The trustees have appointed a ￿niOr management team. who have been given delegated responsibility for the spiritual and strategic direction of the church. The senior managers, together with other staff. also meet re9ulady and deal with the day-to-day management and running of the activities. Senior manager5 report to the trustees on the progress of activities, performance results and plans. GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2022 Trustees, Report The trustees agree on the salary structure for all staff employed by the charity, which includes the senior management team. All stsff have contracts and job descriptions and are paid commensurate with the level of responsibility that they hold. The salary structure is reviewed annually. As at 31 March 2022. the charity has six trustees and three elders, who form the senior management team. 13. Risk Management The trustees have recognised the importance of assessing and managing the risk associated with the charity's objectives and have overall responsibility for determining risk management policy, defining what is required and Methods of how risks are idèntified. assessed, handled, reviewed and reported. The senior management team have responsibility for implementing and maintaining systems consistent with this policy. The ¢harity has a set ol CoMp￿hen$1ve policy and procedure d¢xuments in place to ensure on-going identification and managernent of risks. A system has been implemented whereby potential risks are considered, categorised Ifinancial, extemal, operational, governance. and legal. regulatory and compliance risks). graded by the likelihood of occurrence and impact and the results recorded in the risk register. The system continues with procedures to mitigate those risks, by minimising the likelihood and any potential impact should thosé risks materialise, and report and review outstsnding medium or high rated risks. The tnjstees and the sen￿or management team regularly review progress against budgeted financial plans and non-financial criteria. Accounts are prepared every month so that financial risks can be identified early and appropriate action taken. While it is recognised that the procedures do not provide absolute assurance against loss or material misstatements, the trustees are of the opinion that proper systems of risk management and control are in place within the charity. 1.4. Other Policies and Procedures The trustees have established, and regularly review. policies on the following= Safeguarding for children and young people. and adult5 at risk of hami, Health and safety and related legislation. Data protection and related legislation. GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2022 Trustees, Report 2. OBJECTIVES AND ACTIVITIES 2.1. Objectives The objects of GCS, as stated in the memorandum and articles of association, are as follows: To advance the Christian faith in accordance with the statement of beliefs in such ways and in such parts of the United Kingdom or the world as the trustees from time to time may think To advance education in such ways and in such parts of the United Kingdom or the world as the trustees from time to time may think fit. To relieve sickness and financial hardship and to promote and preserve good hèalth by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of the United Kingdom or the world as the trustees from time to time may think fit. 2.2. Vision & Mission The trustees note that the Church is not a building, but a gathering of ordinary people of different ages and backgrounds. whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the Church as a community of people, properly taught and cared for. who by loving and serving Jesus Christ, were also committed to love and care for each other and to be blessing to the area in which they lived. GCS, its trustees, elders, and members, are committed to the continuation of those New Testament princip5es. GCS is not alone in this,. it is one of many churches iri the area, country, and all over the world who are inviting people to re-discover the excitement of knowin9 Jesus Christ. The vision of GCS is to see Swindon come to life in God. We will do this by giving ourselves away throu9h equippin9, sending, partnering, & resourcing. 2.3. Values The Trustees and elders have sought to work out how best to express the vision in the context of week to week church activities, values and life. The following ten value statements aim to summarise what GCS prioritises and strives for, as it works out its vision of seeing Swindon come to life in God.. We're %4ttored servants on mission in our communftiw. God 5end5. He sent h+s Son into the world to save, and Jesus ha5 passed on that mission to us Imatthew 28..191. That means we don't focus on doing things 'our way,. but instead we encourage each other to serve where we live and be the Church in our community. We're here for one anothgrf$ succes¥. We sacrifice our own time, finance, profile, and success in order that others will benefit. This means we want to equip èach person, including our children and youn9 people, to be a5 effective as possible in the areas Jesus has called them to. GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2022 Trustees, Report We're part of a bigger story. We believe that where twst and unity exist, God moves. Hope for Swindon is found in the unity of his followers. So, WÈ seek to actively support, work with. and love other churches in Swindon, the UK, and across the woAd. Love and unity on display irTr the Church is one of our most effective tools. We refiect the diversty of our town & we prodaim the di¥ernty of God's lfjngdom. We're intentional about raising up leaders from other cultures. other social background5, male and female, young and old. We want to learn to serve and love those from different backgrounds better. Society longs for unity and inclusion, but it lacks the power to achieve it. What society is unable to do, God is able to do through the power of the gospel and His Spirit. We go above and beyond to do the impossible. One of the characteristics of a Christian is that we reflert God's extravagant generosity. Faith_filled generosity allows the disadvantaged to be cared for, the gospel to be preached, and the Church family to be strengthened. We want to be known for our generosity- as those who contribute and not jLtst consume. We're fuelled bythe Spirit and f4ithfvl to the Word. We desire that every Christian live in the fullness of life in the Spirit. lor the full range of spiritual gifts we read about in the Bible to be exercised amongst us, and for all people to know they are a valued member of the Church and have something to contribute. We're also committed to the faithful preaching and teaching of the Bible and aim to shape all we are and do by it. We're created for communty. The Church is not a club or a business. but a new kind of family. We therefore pursue community-forming activities and gather together wulady. We train. raise. and release men and women into leèdership. We also value the importance of biblical eldership- a team of men who seek to father the local church through their leadership. We also delight in the natLJral expressions of family. We guard biblical marriage and see the raising of children as a responsibility that isn't just for parents but for the entire church community. We also celebrate the gift of singleness and seek to hold it in the Same high esteern as the New Testament. We're rnotivated by grace. We are a people of grace, because God has poured out his grace upon us. We want to be a Church that expresses God's grace to one another and to the world around us. Freely we've received. so f￿elY we will givè. We're a cornmunity with wide front door for anyone to come through, knowing that Jesus ate with the people his society despised. We want to live in the same way, so no matter where people havè come Irom. their background or life circumstances, we want them to encounter the love and gra¢e of Jesus. We're hereforthe ty. God ha5 placed us in Swindon and all we are and do seeksto bring about the transformation of our town. So, we encourage people to serve in every area of society, seeking its blessing and transformation whether it's local government. business. healthcare, charity, or something else- knowing that they bring the grace and love of Jesus with them as they serve. We soekto make the last the fitsL We seek to continue the directive of the New Testament to 'rernernber the poorf, knowing that we serve a God who 'raises the poor from the dust and lifts the needy from the ash heap, to make them sit with princes, with the princés of hi5 people, (Psalm 113..7-81. GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2022 Trustees, Report 2.4. Significant Activities The significant activities. programmes and projects Used by GCS are.. The focus of Sunday gatherings are to gather together belore God in worship. to open the Bible together, teaching. and to encourage and pray lor one another. All are welcome to join a Sunday gathering, whether church members, their families, or visitors. The leadership team of GCS have been meeting twice a month throughout the year with eight other men and women to explore eldership and incorporate them into the leadership team. Since the year- end, a further two individuals have been welcomed into the leadership team. Groups are a support network enabling Iprimarilyl those connected to GCS to find community, support, care. and help. GCS provides different age group meetings on a Sunday and at other points throughout the week for children and youn9 adults. We subsidise the cost of the Newday summer camp for those young adults who attend. We continue to provide ongoing training in safeguarding for those in GCS wothing with children and young people, as well as those working with adults with care and support needs. Gateway Fumiture distributes fumiture to people in Swindon 8nd the surrounding areas who are most in need. We continue to be actively involved with Good News for Swindon. a ne￿ork of churches in the town, seeking to work together for the good of Swindon. Colin Thornton leads the Good News for Swindon network. Two ernployees of GCS give a largo proportion of their employed tirne to leading and 5UPPQrting various projects, unity movements. and churches around the town. For the first number of months of the year, we were employin9 an intern for Starting Point. a charity working with young people in the town. We wntinue to employ an individual to Wofk as a pastor for another local church in the town. Penhill Community Church. Additionally, GCS set a budget target of 'giving awal an 4uivalent ol 15% of its unrestricted income for the purposes of local and international mission - whether through grant-funding, employment. supporting Gateway Furniture. etc. At the year-end, the final figure was 16.75% of total unrestricted fund5. GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2022 Trustees, Report 2.5. Public Benefit In plannin9 the activities of the charity, the Trustees have applied the guidance on public benefit issued by the Charity Commission. 2.6. Volunteers Much of the woA( of GCS continues to be dependent on the unpaid setvices of church members. The trustees recognise the essential resource provided by the many people within GCS who f￿elY give of their time and would like to continue to acknowledge and thank them. We cannot attempt to place value on the immensely significant contribution that our volunteers make. and we are grateful to them for their time and commitmeftt. 2.7. Grant-making Policy Grants are made by the charity to both extemal organisations and individua15, as part of achieving its activities and objectives. Grants and gifts are considered on the basis ol need and fulfilment ol the charitsble objectives. There are no upper or lower limits of support. GATEWAY CHURCH SWINDON Fleport and Accounts Year Ended 31 March 2022 Trustees, Report 3. ACHIEVEMENTS AND PERFORMANCE 3.1. Building a Family of Believers The church continues to hold public gatherings, where through singing, communion. prayer and teaching the Bible, we encourage people to live as disciples of Jesus. These gatherings also provide an opportunity for individuals to share personal testimony, respond to the claims of the Christian faith. and lor new believer5, baptisms. We have consistently been gathering together physically throughout thss year in the west of Swindon. We continue to St￿aM our Sunday gatherings to Zoom forthose who are unable to gather physically. or who do not yet feel comfortable doing SO. The Sunday gatherings have activities of worship for all ages, not just adults. There is children's work for ages 2-4, 5-8, and 9-11, as well as youth work for those aged 11-18 and a space for parents of O- 2s to bring their children and connect with others. The children's team enjoy serving the children through games. worship, bible teaching, and exploring creativity in arts and craft. Good numbers of children are attending each week and the children's team leaders continue to work hard at building and developing the teams. In each of the groups. we have bright and varied curriculurns which are age appropriate. Our children's work is structured to encourage the best from the children and help parents feel comfortable leaving their children in our care. Part of this is a continued commitment to safeguarding children and training our volunteers in safeguarding best practice. A new online safeguarding course for those working with chIld￿n and young people is duè to be launched post the year-end. We contintje to hold tefmly family gatherings- with the sole focu5 of serving children and parents, and equipping parents with resources to engage and disciple their children throughout the week. A5 wèll as the age-related groups meetin9 on Sunday mornings, youth continued to meet during the week on a regular basis. The Newday summer camp was cancelled again in 2021, so we hosted a watch paty for the Newday online event instead. There are many opportunities which allow most in the congregation to hÈve some involvement in expressing their Christian faith practically as they work together and serve others. This could be through being part of the Welcome Team seNing on a Sunday, working as part of the Worship Team, working with Asjthentic on a weekday night, or through volunteering at Gateway Furniture or others we work with in the town. Throu9h the groups meeting at various points throughout the week, relationships continue to grow and gifts are developed as members care for and encouTrge one another. Groups provide èn opportunity for indiv￿du3l5 form the diverse backgrounds at GCS to meet together, often in home5, but also at the building we u5È. Some groups have a more specific focus when meeting together, such as the Wednesday rnorning group for mothers and toddlers. while others provide an opportunity to fomi relationships, care for one another prdctically. and encourage each other in faith. GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2022 Trustees, Report A number from different churches across the town continue to meet on Zoom to pray eady every week day. which was something we started in the early days of the pandemic in 2020. We also gather every Sunday before the public meeting to pray. We h£ve also gathered on mid-week evenings to pray. We joined in with Thy Kingdom Come. a global ecumenical period ol prayer started by the Church of England. In Swindon. we joined in with this by gathering over Zoom with Christians from churches all acros5 the town at various points. Churches across the town, including GCS, hosted prayer Spaces that were available for anyone to use at points during Thy Kingdom Come. There have also been gatherings on Zoom with Regions Beyond churche5 from across the world. every other month, to pray for different areas of the world. Finally, we also held Worship & Encounter Nights every other Sunday from January to March 2022. These are an opportunity for members to gather together, sing, and pray for one another. These have continued on a monthly basis since the year-end. 3.2, Serving and Influencing Swindon In addition to the continued support of a number of inter-church projects in the town, Gat￿aY Fumiture has continued to provide fijrniture to those most in need. This initiative began within the church, but now serve5 people all across Swindon and the surrounding areas. collecting good quality second_hand fLJrniture from those who no longer need it, and distributing it to those in particular need. Gateway Furniture has worked with over 60 different agencies in Swindon, who refer clients having assessed their needs. Throughout the year, Gateway Furniture also operated a shop in the town centre of Swindon, whèrè excess stock was sold to provide additional funds for the project, as well as providing a connection point with referral clients and the wider public. However. since the year-Ènd. new owners have bought the shop from the previous landlords and have asked Gateway Furniture to vacate the premises. The shop was the main source of income for Gateway Fumiture and vital to sustaining tt. Discussions rernain ongoing as to whether and how vve may be able to continue the work of Gateway Fumiture. One of the trustees continues to work with and support the Gateway FumitL¢re Projert Manager on a volunteer basis. This was primarily around helping to provide input on dirertion and oversight but has increasingly become about helping to make connections with other charities in the town, as well as facilitating cOnVe￿atiOnS with Swindon Borough Council. He is heavily involved, along with the Senior Management Team and remainder ol the twstees, in discussions about the future of Gateway Furniture. GCS continues to support a joint church plant into the Penhill area of Swindon. alongside other churches in the town connerted to the Good New5 for Swindon network. Throughout the year. we continued to employ someone to invest her time into supporting Penhill Community Church and other local initiatives. Since the year-end, herjob role has changed to be primarily vvorking to support GCS. This year. we also employed another individual to work as a pastor for Penhill Commijnity Church, with a nutnber of different churches in the town contributing towards his salary_ Conversations about how we can support the more operational and administrative aspett of PenhTII Community Church are continuing. GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2022 Trustees, Report Penhill Comrnunity Church is being held as a model for planting churches into the town and surrounding areas. with churches from different denominations and traditions in Swindon sending people to help plant it, as well as providing finance in different forms, whether for building renovations or the employment of stsff. We believe that this clearly expressès the unity that Jesus desires for his church. Over Christmas, we ran the Swindon Christmas Toy Appeal, in partnership with gther churches in Swindon. Having started years ago as an opportunity for members of Gateway Church to Serve others, it has now become a town-%vide toy appeal. This year, the number of presents given away increased again. We were able to deliver presents to over children. These items and funds were donated by churches, charities, schools, business, and individuals across the town. Many volunteers came to help sort 2nd deliver everything to the families. Families were referred to us by the council, schools. churches, and other charities. Following the lockdown in 2020, the Harbour Project, a local charity supporting over 600 asylum seekers and refugees in Swindon, wa5 looking for a building to use in the area. We were able to offer them use of our space for free. which still continues. This year we hosted a banquet for the Harbour Project team and some of the many asylum seekers and refugees that they serve. This was a fantastic opportunity for those in GCS to connect w&th those who are feeling isolated and welcome them with the love of God. We were also able to financially support Starting Point, a ¢harity working with young people in Swindon and Reading, and Safe Families. a charity supporting children. young people. and families in Swindon and across the UK. 3.3. Taking the Gospel to the Ends of the Earth We continue to actively develop links within Regions Beyond, the international network of churches overseen by Steve Oliver and part of the Newfrontiers family. Nigel Howarth serves as a trustee of Re9ions Beyond UK. and Colin Thornton is part of the Regions Beyond UK leadership team. Links with Burundi and City Gate Church in Bujumbura remain strong. We took up an offering in the year. raising a significant amount of money which was given as a grant to Hope for Tomorrow Global. We were also able to give grants to a number (rf othèr charities overseas or working overseas, including Regions Beyond. Keystone Church in South Africa, and Regions Beyond Clarens FS NPC. io GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2022 Trustees, Report 4. FINANCIAL FIEVIEW 4.1. Overview The year ended 31 March 2022 had a reasonable deficit in un¥estricted funds. The purpose of each fund and the classification of balances be￿een 'kJnrestricted/designated' and 'restricted' are described in Note 1 to the Accounts, with further analysis in the subsequent Notes. Incoming resources to the Gen8ral Fund during the year ending 31 March 2022 amounted to £323.341. which represents a decrease on the previous year of 11.4%. Income from donations was £265,732. Total expenditure on general activities amounted to £289,868, a 2.8% decrease in expenditure from last year. Transfers from the General Furid to restricted funds amount to £56,557 resulting in a General Fund balance at the year-end of £130,502. £7,804 of the balance consisted of fixed assets. 4.2. Restricted Funds There are five restricted funds.. Burundi Fund, International Mission Fund, Local Mission Fund, Gateway Furniture Fund, and the Welfare Fund. In the Burundi Fund, the specified income of £29,793 wa5 mostly taken through a special offering and includes Gift Aid recoverable. The Burundi Fund also received a transfer of £1,136 from the General Fund, e9uivalent to 0.3% of General Fund income. Expenditure wa5 £49,217 for the year, and the fund balance at the year-end was £29,755. The Intemational Mission Fund received specified income of £2,373, which includes Gift Aid recoverable. It received a transfer of £15,500 from the General Fund. equivalent to 4.8% of General Fund income. Total resources of £17,871 were disbursed during the year, and the fund balance at the year-end was £10.672. The Local Mission Fund received specified income of £74,267, which includes Gift Aid racov8rable, mostly related to the Swindon Christmas Toy Appeal and the Harbour Project Banquet. It received transler of £20,604 from the General Fund. equivalent to 6.3% of General Fund income. Total resources of £38,178 were disbursed during the year, and the lund balance at the year-end was £14,403. The Gateway Furnitufft Fund received income of £200,836 (including donated gifts in kind of furniture with an estimated value 01 £90,200). It received a transfer of £17,131 from the General Fund, 4uivalent to 5.5% of General Fund income. plus a lixed asset transFer of £747. Expenditure amounted to a total of Q28,999. including £2,010 of depreciation. The fund balance at the year-end wa5 £18,754, consisting of £7.804 of fixed asset5 and £10,950 of stock. GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2022 Trustees, Report The Welfare Fund received specilied no income during the year. It received a transfer of £1,440. equivalent to 0.4% of General Fund income. Resources expended amounted to £2,759. resulting in year-end fund balance of £18,710. 43. Principal Funding Sources GCS relies heavily on the generosity of the church members to fund its activities. The total of all donations (including in restricted funds) were £301,820. In addition to the estimated £90,200 of donated gift5 kind of furniture, sales from the Shop operated by the Gateway Fumiture project were also a significant source of funding, bringing in a totsl of £95,450. Additionally, grants receivable of £17,952 were a significant source of funding. 4.4. Reserves Policy The Trustees have set a policy of retaining reserves sufficient for the foreseeable needs of the charity. At the year-end, the contractual obligations to future expenditure were the Trinity Centre lease la 9- year term from 30 September 2014. with break clauses at 3 and 6 years,. £24,OW per annum plus associated costs) and regular commitments under contracts of employment. The rnajority of the charity's commitments will continue to be met out of current income. The Trustees believe that an amount equivalent to a minimum of three to four months gross expenditure in general reserves is needed. This will provide for regular fluctuation in income and expenditure throughout the year. The total value of all 9eneral reserves at 31 March 2022 was £130,502, of which £7,804 consisted of fixed assets. The 9eneral fund expenditure budget for the 2022-23 year is approximately £382,330. Based on the above, ongoing reserves of betw&&n £95.583 and £127,443 are appropriate. 4.5. Pensions The charity offers membership of a stakeholder pension scheme to all qualifying employees and pays an amount of 8% of the employee's salary into the scheme on a monthly basis. GCS does not operate a defined benefit or final salary scheme. 12 GATEWAY CHURCH SWINDON Fleport and Accounts Year Ended 31 March 2022 Trustees, Report 5. PL4NS FOF2 FUTURE PERIODS This year ended with a reasonable deficit, £9,964 over the budgeted deficit for the year. The budget to March 2023 indicates another year of delicit as we continue to increasè our expenditure following the last few years of the pandemic. The planned deficit to March 2023 is for £29,788. Because we have a healthy remaining balance in the Welfare Fund, we are prepared to increasingly support those who are in financial need, both within the church and wider in Swindon, over this coming year with the c05t-ol_livin9 crisis and increase to energy bills. Furthermore, we have budget8d to continue our new intention to increase the amount of grant funding to other organisations. The aim for the last year was to '9ive away, a minimurn of 15% of QUT general incomo. plus any income raised from special offerings. We intend to 'give away, a minirnum of 16% 01 our general income in the coming yéar, plus any income raised from special offerings. This will also help to bring our reserves back within policy. Since the year-end, the charity was asked to leave its retail space at short notice, causing the Gateway Fumiture Project to lose it5 largest portion of income. Subsequently, the trustees made the decision to close the Gateway Furnitur8 Project, rvakin9 SIX staff redundant, as it was no longer financially viable to support. This will result in a larger deficit to March 2023 than budgeted, but also a large reduction in ongoing financial risk to the charity. 6. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees a￿ responsible for P￿paring tha trustees, annual report and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel. Company law requires the trustees to Prepa￿ financial statements for each financial year which giv8 a true and fair view of the state ol the afrai￿ of the charitable company as at the balance sheet date and of its incoming resource5 and application of resources, including income and expenditure. for the financial year. In preparing these financial statements, the trustee5 a￿ required to.. selett suitable accounting policies and apply them consistently- observe the method5 and principles in the Charities SORP.. make judgement5 and estimates that are reasonable and prudent; State whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements- and prepare the financial statements on a going concern basis unless it is inappropriate to presurne that the charity will continue in operation. GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2022 Trustees, Report The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Art 2006. They are also reponsible for safeguarding the assets of the charitable company and hence for takin9 reasonable steps for the prevention and detethion of fraud and other irregularities. 7. APPROVAL This report, which has been p￿pared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the Trustees and signed on their behalf by.. Nig Howarth - Trustees Date 14 Independent Examiner's Report to the Trustees of Gateway Church Swindon ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022 on pages 16 to 29 following, which have been Prepared on the basis of the accounting policies set out on page5 19-21. nd basis of As the charivs trustees of the Company land also its directOTS for the purposes of company lawl, you re responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2CQ6 Act?. Having satisfied myself that the accounts of the Company are not reqtjired to be audited under Part 16 01 the 2006 Act and ale eligible for independent examination, I report in resport ol my examination of your chariws accounts as carried out under sett￿on 145 of the Charities Act 20111'the 2011 Att'l. In carrying Out my examination, I have followed the Direction5 given by the Charity Cornmi5sion under section 145151 Ibl of the 2011 Act. in Since the Company's gross income exceeded £250.OQYJ. your examiner must be a member of a body listed in section 145 of the 2011 Att. I confirm that l am qualified to undertake the examination because l am a membèr of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed rny examination. I confinn that no matters have come to my attention in connèction with the examination giving me cause to believe= Accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or The accounts do not accord with those records- or The accounts do not comply with the accounting requirements of section 396 of the 2(Ki6 Act, other than any requirement that the accounts give a 'true and laid view which is not matter considered as part of an independent examination,. or The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicablè in the United Kingdom and Republic ol Ireland IFRS 10211. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached Lourens du Plessis ACA CAISA) 19 December 2022 Member of the Institute ol Chartered Accountants in England and Wales Stewardship 1 Lamb's Passage London EC1Y 8AB Is GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2021 GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2022 Statement of Financial Activities Summary Income and Expenditure Account Un￿￿tted Funds Rethietsd Funds Trt41 Unrestricted Restricted Funth Funds Fund5 Totsl Funds 2022 2022 2022 2021 2021 2021 INCOME AND ENDOWMENTS FROM.. Donath)ns and L&ga¢￿S Charitable ACtivit￿S Other TrJc4in9 Activth5 Inve#ment Income Other Income 322,600 712 147,751 1,453 95,450 470351 11* 95A50 363,274 1,097 181,359 544,634 1,097 30,01 43 8,721 30,018 28 43 2,61 S 15 8,721 TOTAL INCOME AND ENtX)WMENTS 323,341 247,269 570A10 364,414 220,098 584,512 EXPENDITURE ON.. Charitable ActIV￿&S 1289.8681 1337,0241 (626,8ra) 1298,1631 1185,1561 1483,3191 TOTAL EXPENDITURE 1289,8681 1337,0241 1626M9• 1298,1631 1185,1 $61 1483.3191 NET INCOMING IOUTGOINGI RESOURCES BEFORE TRANSFERS 33,473 189,7551 (56383) 66,2SO 34,943 101.193 Transfe￿ B￿￿eern Funds 156,5571 56,557 159,2211 59,221 NET MOVEMENT IN FUNDS 123,0851 133,1981 156.2831 7,029 94,164 101,193 FUND BAL4NCES.. At 31 M8r¢h 2021 153,586 125,493 a79￿8 104,711 73,176 177,886 Net movement in funds 123.0851 133,1981 W283) 48,875 52,317 101,193 At 31 March 2022 130,502 92,295 222.790 153,586 I Z5.493 279.078 The statement of finan(ial attMtie5 indude5 all gyins Bnd Ios5e$ rtrcwisod in th• ￿ar. JI incoffje and*xppn(*u¢e d&rive lrtjm continuing ￿ratpOnS. The statement of finafiaal attTrine5 also cGm4ies with tho rewirements for an inayne and eXpen¢Stu￿ accvJnt required ty the Cixnponies kt The note5 on pa9ès 19 to 29 fomi part of these accounts. 16 GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2021 GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2022 Balance Sheet At 31 March 2022 Notes Unrethcted 2021 FIXED ASS￿5 Tan9lbl@ Assets 7.082 7.082 7,804 7.804 14.617 CURRENT ASSErs Stork Dgbty Cash at Bank and In Hand 12 10.950 14.047 60,989 85.985 10.9BO 74mS 194A73 219A7a 17,050 90.410 163,363 270.824 60.008 73.485 133.493 cRE￿ToRs Amount5 fJllin9 due within y••r 110,0731 110,5581 NET CURRENT ASSETS 123,419 84.491 207.910 260.265 130.502 92.295 221796 279.078 FUNDS 130,502 14oAoa 153,586 Sp•da¢ rurndi Fund Intemalion•l Mwion Fund Local MiS￿n Fund Gatsway Furn￿￿ Fund Welfare Fund 29,755 10,672 1 d,403 18,754 29.7SS 101*72 48,014 10,671 18.7S4 18.710 29,039 20,029 TOTAL FLWDS 130,502 92,295 221790 279,078 Th• th•nla&lo C¢ThFanyii ￿tItI*dtO und•r 477 01 th• Comyni•J kr *h•>*Ar •nOJd 31 M4tth 2031. Tr• rn*nQ•rs no f•wlr•dth• OF￿ flNnkxlst•t•ments fi¥th•i••rM*d31 M•rth 2022 wth 470 01 th4 h•v•wr. •c(r￿n￿¥ 5¢¢ith 145 ofth• thorilils thr2011. th• Th• dr•LtLYS Iwho•rn th• ctrmpJn￿i gniit••s olth4rty￿W} ic&nawl•** fw. tnSUTryth•t th• th4rit•trl•r￿￿￿lly1o￿ KccwniiA9 Svth¢vpJ 386 •nd387dth• CL*)Pat)NtrS Att21106 and parfng fln•ncr•l st•t•mwnts whK* 4 tru• dthg ststo ofilFovS of the c￿P•￿al at th• gndol••th it5 n*t ar•xpgnL4ts￿￿ IpA)noalJwrln act￿￿nc• tho ofSECtMs J94 •nd)95 4ndW￿0* othenwiw the ofth• thnFanieJ Art3W6 to fjnantial statérn•nts Nl with th• ofPart 15 tsTrwp￿Att1CCo Lvmpénies. ApP￿ved by tht TM5t•os and ￿ne￿ on th*1r￿ha￿ on Company number. 06541956 Chaifty numb9r. 1123831 NKJel The notes on pages 19 to 29 part of these account& 17 GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2021 GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2022 Statement of Cash Flows 2022 2021 Cath from ¢y•r*lng •ctlvltl• N•t ¢•th wth4d•dlw (u••dln) owrrtlng •¢tMtl C••h Ilty•M from In￿￿Tr9 artI￿tI* 126,6631 81,083 Div￿dends, Interest and rents from invesrm6nts Purchase of propéty, plant and equipment N•t cath by {u•￿In) Inb•rtlng Kdvltl Cth from Inmdng •ctlvltl•T N•t wovldtsd by (u#•d lft) fifi￿dn8 act1￿1•¥ 28 12.2551 12,2271 43 11,0831 11,0401 (>1￿0• In c•th •qUI￿1•nts In th• r•P￿ng￿10d Cath •nd ¢ath •qulvd•nts •t th• hdnnlng of th• rnportlng p•rlod 128,8901 80,042 163,363 83,321 C•bl •ndc*i •wl¥•T•ntsat th• •ndof th• r•p￿rfftqp•rlOd 134.473 163,363 An•W• In n•t d•bt Not• % kncondllltlon of n•t In¢om•l(•¥p•n S2,3t7 At 31 MaTch 2022 29,755 10.672 14,403 18,754 18.710 125.493 GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2021 GATEWAY CHURCH SWINDON Rerx)rt and Accounts Year Ended 31 March 2022 Notes to the Accounts INCOME FROM DONATIONS 2021 Generèl dtyTrations of tash and smikr Grft Aid donatiofjs of cash and 5wnilar Grfi Aid rocoverdble Other gtants fecewable DonatlOn5 In kwid (nots 48) Gov8mm8nt 9rants (note 4b> 71AOg 230211 00 sJso 103,951 250.595 62.950 42.800 73,238 544,634 470J51 DOn*￿Tr$ n knd comprm.. Gooth donated k>r u88 by thv ¢h8dty 42.800 42,800 90200 Govtrmment gRnts compri88'. Job Retent￿￿ Sthtrme grants Swindon Borough co￿nCil Grnnts 49,206 24.032 73.238 INCOME FROM CHARITABLE AcfiviTIES 2021 Youth minstry events Church ￿treatS and events Roorn hir* 1,005 92 2.166 1,097 INCOME FROM OTHER TRADING ACTIVITIES 2021 sa￿ of don¥t*d gcwxls 95A50 95A50 30,018 30.018 INVESTMENT INCOME 2021 Bank intere# 43 43 GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2021 GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2022 Notes to the Accounts 8. OTHER INCOME 2021 BuildiD9 occupancy Other Ncome 8.3?0 351 15 8.721 9. CHARITABLE EXPENDITURE 9.1 MINISTRY COSTS 2021 sa￿ries and penson contiibutK)ns EmpbyeVs national inSU￿nc￿ VEiMg ministy costs UK t￿Ve1 & entertawirnent Imeab. etc.) Ttr4m buihjing Stsff & vOlunteerts3￿1ng |n5Utan¢e Bank charges Deprecotion of tsngts￿ fLxed asgets 297,384 20.382 1.000 248 514 2.023 3.546 155 8.110 333.362 21.190 1722 3￿24 6.182 346,767 9.2 OFFICE ANDACCOMMODATION cosrs 2021 Ratss, rent, and a￿CIated fees 27.730 2.166 1,565 2A13 Repaio maffi*nance & kxjikling imyovements Cleaning Operations & compliance cosis ¢JfFi¢e egJipment & g)ftware TeleFthone, mobi￿5 & Intemet Printing. photocopying & sratrnery Comtnunication5 & publicty Postage subscri￿￿% & tn¢mberships Profe55h)nal fees Payroll fee5 Hospitslny & kitchtrn Supples 1.601 3,625 8.923 646 8,389 693 2.052 15341 457 471 60.954 3heO .950 1210 1954 60.747 24 GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2021 GATEWAY CHURCH SWINDON Report and Accounts Year Ended ￿ March 2022 Notes to the ￿￿Unts 9.3 ACTIVITY cosrs 2022 2021 Room hire Gattrw3y knd5 IChldren'¥ rnintstyl Evénts Authtntic Iytsuth minwryl Worthp team AIV lincl. equipmen Gateway groups Tranyrt- rninibu5 & tami Other pastordl v•h￿Ie costs Bed5 Fumwre Re.Use Netsyo fjrfts ol luminjre Other Gateway Fumthr8 C08ts AIFtha course Other local outreach 403 970 59 2.049 1,599 3,429 725 398 1.957 3.611 5,274 6,106 25.750 7S1 227 7,055 60.305 1289 8.194 7￿67 9.4 GRANTS 2021 P4Jmbv NumbBr ro n5titutpBns Safe Familie$ Mustsrd Trfye / Start¥l9 Po￿1 Hope for Tomoffow GlobÈl Regions Beyond Keystone Church South Afri¢a Regions Beyond Clartrns FS NPC S￿￿<￿}n Night She￿r Penhill Cotntnunity Church Stepp￿g Stone Charitsb1e Soctsty IndK4 Totsl 47.704 13.110ts 2J71 13 12 15,000 2,000 2.000 2,000 21,000 71.776 Grants to indwidua 27 5.179 Tot¥1 grants 75328 42 26.179 9.6 GOVERNANCE COSTS 2021 Independtrnt eXam￿elsfees 2.520 2,520 Fees payatde to Stewardship. other than forthe cost of the independent examination totrI￿d E425 12021.. £2401. 25 GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2021 GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2022 Notes to the Accounts 10. STAFF, TRU￿EE5, & KEY MANAGEMENT 2021 Gross wages and saL3tie5 Empbyevs national insurance co Pension costs Other empk>yment benefts Totsl stsll costs 285.184 21.190 21￿10 276.844 20.382 20.539 328.190 317.765 2D21 Numberof staff at year end.. Fulktime Part-time The average nurnt*rof thfF thring the ￿PDrti￿9 petiod was 12.4212021.. 12.081. Most ofthe charity's actt¥wes are caffled out by voknnteets. No •fl recet¥ed salariesata rèts ol more than £60,000 per annum. The ch¥rity's kay management COmPFi5e the tsu5ttes 3nd the key staff named Dn the Cc>rnpany Infotmaton •ge. Totsl employment benefrt5 payable to key mana9ementlor the year￿e￿ as folbw Other Empbyer employment peDsiQll benefts conffibJtv)ns w￿eS & Twstee$ Nigel Howarth Colin Thomton (Aher members of key management 37,575 39,635 37,575 3.006 3,171 3,006 40W1 40￿1 123.968 The folbwfftg aM￿nts We￿ pay3ble ID the prsvmws year. Other Empbyer eMF￿0Yrnent pension benefts ¢ontribufiDn5 Wages & ¥LarEs 2021 TNstees.' Noel Hovranh CDlin Thomton otherMe[n￿ts ol key management. 36.785 38.885 36,785 2,943 39.728 41.996 39,728 2,943 Nigel How3th and Colhl Thotnton 5eNed as elders ofthe chutch and pteTrfed the 2Exive rByments lor seNing th* capacty. notlor servD9 as trustetrs." these payments are pprmtted by the chartty's gov$ming document. 26 GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2021 GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2022 Notes to the Accounts TANGIBLE FIXEDASSETS Leasehokl T¢tsl Vehicks Equiwent inprov*ments AtOI Apri12021 Addkn¥ Gains I Ibsses) on revakjation 11,200 116,534 2.255 109,880 237A13 2255 16.3251 112.464 16J25) At 31 March 2D22 11,200 109,880 pmJmulrt•dd•W•d￿ At01 Apri12021 Charge lor the year Elimin&ed on dEpc>sal At 31 March 2022 12.1331 11.6001 1110,2271 13,7531 6.325 1106.4401 18281 ?18,799) 16.182) OJ25 P1Bh5S) 13.7331 1107.2681 Nrt bookvdu• At 31 March 2022 7J67 1611 IU87 At31 M8rth 2021 9,067 6.307 3,440 18.813 EqJy)ment tompri*s musical, a(kJress. transbtion, Kjund, kitchen and ofFice eqyiwent atid fpitures and frttbl9S. 12. gfocK Unrestncted ReSt￿ted 2021 Donated goo& 10,950 10.950 10.950 10.950 17.050 17.050 13. DEBTORS Unrestrcted Rtstrttfrd 2021 Debkn GrftAid reeovtrable Accrued income Amounts rece￿ttb 2,456 6,136 955 8,771 59.928 14.637 52,278 80 58A14 VAT 504 3,995 14.047 804 Prepaytnents 7.650 60,008 11A45 74￿55 6,270 90.410 14. CASH AT BANK AND IN HAND Unrestncred Re5trikd 2021 k accounts Cash ID hand 73,278 207 73.485 60,478 510 60,989 133.75& 717 134A7J 163.018 345 163,363 27 GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2021 GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2022 Notes to the Accounts 15. CREDITORS UrtrestiKfrd Restrthd 2022 2021 Accounts payable Defe￿d income Payroll c￿ditO AccNa 131 120 1.700 8,607 10.558 907 946 8,220 10,073 750 717 28 1,494 I& DEFEFIFIED INCOME 08ferred nettm* ttsmpis&$ the folhwng.. Grants Tphing & Repayments & conl8renc•s 2021 98￿n¢t ai thè beginni)9 01 the rnportw)g pe￿d Amount re￿aSed to inccffle Amount deferred in year Baknce al the end of thtr r•ptyrting yriod 120 120 V20) 1hS7 1hS7 2.241 882 882 775 775 120 120 Th• incoffle def•rr•d at the period end will ￿ relea￿d to income over the lollowing period8,' Wrthin ontr year After cne year 882 775 1h57 120 882 775 1M7 120 17. OPERATING LEASE COMMITMENTS The charity has an operaMg ￿a5& for its church buiWing. The minimum amount payable (until th• n•xt break chuxe and ignoring the potential effect of fu￿￿ rent ￿Vy&S￿> in respect of thi$ le•58 1$ as folbws.. 2021 Paym8nts fall￿9 duo.. year BetvRen one and INe yea Afterfwe years 12,000 48.000 12,000 60.000 [￿r￿9 the yearthe charity was charsed £23,99912021.. £23,999) lor it8 operating leage. 18. ANALYSISOF NET ASSETS BY FUND The as*ts and liabil￿$ of the various fundswere as folb%Y5.' 2021 ReSt￿ted fund5 Unresthcted funtb 7.804 7.082 14.887 00,989 73,485 134.473 23,502 49,934 73,437 125.493 153.586 279.079 I30￿02 222.797 28 GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2021 GATEWAY CHURCH SWINDON Report and Accounts Year Ended 31 March 2022 Notes to the Accounts 19. TRANS4CTIONS WITH RELATED PARTIES [￿rn9 the year, the chaiiry.. recer¢ed d(￿atiOnS tots11￿9 £50,85012021.. £52,764) from ￿e￿d parties includes truthes any other of key fnanagemenL and anyone ck>sely connected to them). No expeTrses12021.' nifi paid to, or for, the trustees. Reimbursements foreXPen￿5 incurted vhen actng as an agent lor the charFty or incurred when undertsking em ￿oyment Ikjties not connected seNin9 è5 a tru&ee a￿ not nduded Trl thtsdi5ch￿re. ring the year, ttie charity akn made the fo1bw￿g payments to, orfor. ielated parties.. Re9￿n5 Beyond. rs ck)5ety rellited to Ni991 Howarth. a tsu#Èe of both R*g￿n$ Beytsnd 3nd the charity. cewed gwts totsllng £13.000 12021.. £15.000) for athitiPS toth oVe￿ta5 and ￿ the UK. Extrpt as dBclosed in nots 10. 'Stsff. Trnstses & Key M￿￿ement,, there h8ve been no other b3nsaCt￿SWth re￿ted partiès thè year. 20. EVENTSSINCETHEYEAR END In Au9U5t 2022. the charFty was asked to leave its retail space at very short Dotre. caugn9 the GatetfiBy Fumthre ojertto bse n5 kryesr pol￿>￿ of ncotne. In octo￿r2022, the trustee5 made the &c￿l0￿ to close the Gateway Fumthre wpct. makng ￿ staff redundanL as it v4as no b￿geT1￿an[laI￿ V￿ble to suppott The chaftty e5btnate5 th*the CbSU￿ of the Fxoject and staff rpduDd4ncr5 wjll c05t c. £44.0￿ moro than ith dgeted to lund Gatsway at thfr thrt of the financial year. this has resuked i) a ￿9nrf￿ant poth) ol the Charity's reserves bein9 used, the tk￿re of Gatss*y FuminJt¥ has ako caused è ￿d￿Ction in ongoing f￿anc￿l r￿k. MEM8EFèS Each member of the company commAs to contribute rf the chaiity is Y￿und up an arnount of £1. 29