Gateway Church, Poole IA Company Ilmlted by guarantee) Annual Report and Flnanclal Statements Year Ended 31 March 2024 Company reglstration number: 07189544 Charity registration number.. 1135330
Gateway Church, Poole Contents Reference and Administrative Details Trustees, Report Statement of Tru5tees' ResponslbilltSes Independent Examlner's Report io-ii Statement of Financlal Activitles 12 8alance Sheet 13-14 Notes to the Flnanclal Statements 15-26
Gateway Church, Poole Reference and Administrative Details Trustees Matthew H051er Matthew Ashton Dr Samuel McGinley Rebecca Clarke Richard Stamp Stephen Hunter Alan Malnstone Secretary Rebecca Bertrand Prlnclpal Office 133 Alder Road Parkstone Poole Dorset BW12 4AA Company R•8lstratlon Nufflb•r 07189544 Charlty Re£lstr3tlon Number 1135330 Bankers Barclays Bank PIC Independent Examlner Adrlan Carr AAT The Accounting Bureau Ltd 87 North Road Poole Dorset BH14 OLT Webslte htt www, atewa church.me
Gateway Church, Poole Trustees, Report The trustees, who are dlrector5 for the purp05e5 of company law, present the annual report together with the flnancial statements of the charitable compahy for the year ended 31 March 2024. Trustees Matthew Hosler Matthew Ashton Dr Samuel McGinley Rebecca Clarke Rlchard Stamp Stephen Hunter Alan Mainstone Strvcturé, Governance and M•n•8em¢nt Gateway Church, Poole is a tharStable company Ilmlted by guarantee, 11 Is governed by the Memorandum and Artlcles of A550clatlon and was Incorporated on 15 March 2010. The charlty trustees are all dlrectors pf the charltable company and are appolnted by ordlnary resolution of the members as set out in article$ 31 to 35 of the Memorandum and Articles of Assoclatlon. Objerts and Artlbrftles Gateway Churth, Poole Is Blble.based, Ilvely church servlng 8CP and the surroundln8 area wlth the good news of the Lord Jesus Chrlst. It also 5ElPPQrts and asslsts mlsslon In other parts of the UK and overseas. Being part of the Advance Movement network of chur¢he5 55 It5 focus for achlevinB thls. The eharlty's objects are Specifically restrlcted to the following.. lal to advancÈ the Chrlstlan falth In such ways and In such parts of Poole, the Uhited Kln8dorn or the world as the trustee5 from tlme to tlme may thSnk flt; Ibl to relleve slckness and financlal hardshlp and to promote and preserve good health by the provlsion of funds, 8oods or seice5 of any kind, includlng through the provision of counselin8 and support In such parts of Poole, the Unlted Kln8dom or the world as the trustees from tlme to tlme may Icl to further Chrlstian educatlon Including but not by way of limitation to children of pre-school aBe In such parts of Poole, the Unlted Klngdom or the world as the trustees from time to tlrne think fit,. Idl to provSde or a551st in the provision of f3cltilltSes in the Interests of social welfare for the recre3tlon or other leisure time occupation of Indlvlduals who have need of such facllltles by reason of thelr youth, age, infirmity or disability, financial hardship or 50¢ial circumstance5 Wlth the object of improving their condltion5 of life In such parts of Poole, the United Kingdom and the world as the trustee5 may from tlme to tlme think fit.
Gateway Church, Poole Trustees, Report Annual Report Our Vlslon ènd Values We exist to preach the 8ood news of Jesus Christ, to faithfully do ju5ti¢e to the instructions given to U5 through HIS word, the 8lble, and to see as many people as posslble Impacted by th5$ good new5. In dolng thls, three words sum up our values. and our uool Is to be a people who Ilve In a way that reflects the valuès entapsulated In these 3 words, Our plans and goals need to refled.. Adventure.. At the heart of the Chrlstlan falth is a great adventurè to 'go to thè ènds of the èarth, In proclaiming the 8ood new5 of Jesus Christ. The bible is jam-packed with stories of adventurous men and women riskin8 all, and al tlme$ 5acrih'clng all, to see people come to salvatlon ihrough Jesus, We deslre to Ilve 3$ modern d?v adventurer5 for Je$us In lust the same wayl Purtty: 8elng people who are commltted to honesty, InteBrSty and faSthfulnes$ Sn everythlng that we do and say. Servln8 one another and seNlng God wlth clean hearts and clean hands, Comptssslon ', The sound of war, famlne, sickne55 and death In our world should move us to compassion, ?nd therefore actlon, in offering support and action to those around us. This means s•rvlng locally and furthef af5eld to See soclal ills allevlaled and people set free from the paSn and 1501atlon of soclal, financlal, personal or splrltual hardship. Summory of Gatew•y's Athltle¥ The period that covers this annual report was marked by a full return to Sunday and mldweek meetln8s In two locallons, at Alder Road and Ashley Road followln8 the completlon of the Alder Road rebulld In January 2023. We are please to report that as at the writlng of th15 report, both locatlons are reachlng capaclty on Sunday rnorning5, and we have seen another year o151eady membership growth, The paiagraphs bèlow set out osjr actlvltles for the period Aprll 2023-Mar¢h 2024. Sunday Momln15 Usually on Sunday mornin85 we enjoy meetln8 tO8ether for worship and teaching. Our Sunday meetings are relaxed, informal and relevant to modern Ilfe. We have tea and coffee belore and after our meetln8S. We worship God 108ether and 8ive tlme for a talk applylng the truth of the 81ble to Ilfe followSng whlch there is an opportunlty for people to respond to what has been taught. We operate as'one church on two gltes, wSth a congregatlon based at Alder Road, and another on Ashley Road (known as'502'1 In Poole. As gf the end of this reportin6 period, Ihe church member5hSp was 247 adults 1225 last year) and our Sunday attendance was approximately 3401same as105t yearl. Baptlsms Helplng people to know Jesu5 Christ and to get baptized15 a bl8 part of the responsibility and joy of every believer and somethirn8 we shosjld all participate in fullyl In the past year we have had the joy of witnessln8 nlne people baptlzed.
Gateway Church, Poole Trustees, Report Ufe Group5 and Courses Llfe Groups are our midweek groups that meet In smaller number In people's homes. They are bullt around flve cor2 values.. Friendship, 'One-anotherln8', Outreach. Te3chSng and Body LSfe. Llfe Group5 are at the heart of what we do at Gètewayi and we want everyone to be involved in one. Life Groups are a great place for people to learn leadershlpl and a place where everyone can contrlbute. Life Groups are where the mlsslon of the church is put Snto actlon as we serve one another and seek to bless the world èround us. Throu8hout the past year our Llfe Group5 have been a vital polnt of connectlon for members of Gateway as we51 as an important polnt of connection for people newer to thé church. At other tlmes In the year we have run courses almed at mèeting our charltable oblectlves, speclfically en8blSng people to achleve spirltual, phy51cal and emotlonal wellbelng, and to equSp people In bellÈvln8, applyin8 and communicatin8 the Bood news of the gospel to all areas of life. Some ol these courses include,. . Alpha Course Freedom in Chrlst Coufse . Alpha Marriage Course ParentSng Course Under5tandin8 the End TIMÈS Course . Varlous mèn's and women's events and conference5 In addition to thls, we hosted Dawn Gurley from Abu Dhabl a Masters-level irained blbllcal counsellor who ran a serles of teachln8 5esslons helplng people to approach emotlonal health Issues from a blbllcal perspective. Servln8 the Communlty Alongslde Sunday mornSn85 and Life Group5 we would expect members of the church to be actlvely engaged In activities that serve the wider Community, and therein we place a dlsproportionale emphasls on servln8 the poor, the lonèly, thè isolated and the marginalised, The umbrella terrn we use for thls activltv 15 called, 'Gatehouse'. The mlsslon staternenl of Gatehouse Is that we exist to, 'prevent and alleviate isolation and marginalization in the BCP area and beyond., Further details can be found on our web51te'. https.'IIwww.8alewaychurch.me/8alehouse Outlined below are some of the a¢tlvSties that have been undertaken lo this end under the Gatehouse umbrella. Gatehouse Hub A central plank in our Gateway str8te8y Is havlng our bu11dlngs on Ashley Road and Alder Rood open In the midweek to serve the lo¢al community in various ways, Since July 2022 we have opened Ashley Road on Thursdays and Ffldays, servlng free tea, coffee and other refre5hmentS to anyone on the communlty, and slmilarly on Wednesdays anLI Thursdays ot Alder Road. At Alder Road we now a150 have a Ihrivlng adults and toddler group, and at both sites combined, we expect to host upwards of 180 people per week throu8h our Gatehouse hubs.
Gateway Church, Poole Trustees, Report Th15 has served as a de facto'warm space, and we are part Ol the Natlonal Warm Spaces network. Addltlonally we have run board 8ame competltions, we offer free art Courses, craft sesslon5 and offer a free workspace with auess to wl.fl for home-workers the comrnunlty. This bas provlded a vltal111ellne for the elderly, for under 5. and tttelr adults and for the lonely, The Gatehgu5e team are traSned and equipped to offer prattlcal help and sIBnposting to those experlencing social Pfessures. in£ludlfi8 debt, food help, housing advlce and domestlc violence. Gateway is a mèmber ol the'wè are Here, network- In alllance of local warm spa¢es, day ¢entres and churche5 hostin8 slmllar midweek social events. 00$11 Oasls is our domestic vlolence and abuse response team. A number of tralned volunteers fiom Gateway Church serve the resldents and chlldrert of Poole ond Bournemouth dornestlc violence refuges over the past 10 years. The relu8e provides short-medlum term emer8en¢y housing for women and children who are Ilvin8 in a domestlc Vlolence sltuatlon. A5 Wlth prevlous years, It has been 3 ¢J¢light to host monthly dlnntr parties lor the rè$5dents ol the relu8e land those who have IElt the relugel, put on craft actlvliles lor the chlldren. ptovlde IrleTrdshlp. 518npo5tliig, 11ft5. and advice to varlous moètin85 and to trost weekly exertlsé events. Thèsè evènts are all aimed at helping people to re.establlsh themselves In communlty, bulld corfldence and io demonstrate the love ol Jesu5 In a practical way. We have also been able to host varlous Other events for thls demo8r4phlc, Includlng day$ out Ind a Chilstmas party. IAmConftdent An offshoot ol Oasl$15 the'lAmConfldeni' covrse rvn by members of the Oa51s team. This 15 a free 10 week course, run several times a year. open to the whole community, 518nposled by doctors sur8erles and other slatutory bodie5 airned al helpin8 vulnEfable women galn confidence In life 5ki115 and relationshlps. olden Generatlvns Golden Generatlons15 a free weekly 8roup for older people, for refreshment5, frlerd5hip and support that Is run from our Gatehouse Nub. We are $0 pleased to report that thls group has been re8ularly well attended and continue5 to 8row In number, playlng an Important role In BddressSn8 lonellne55 and soclal Isolation. Some have reported th15 8rovp a5 bein8 their only social outlet and has become a place wheie the local councll have from time to time, rectsmmended people in this demographlt to attend. Slud•nti & 20,5 B¢urnÈmouth and Poole are home to thousands 015tuiJents. Sournemouth Unlverslty tOBether wlth the Arts Univtrsity Colle8e at Bournemouth has a student roll ol around 24,¢)00. The main 8U & AUCB campus is only l.S m51es from our church buildlng and arn incréasin8 number of students are Iindln8 thelr way to Gateway. During term time we have run student lunches With Church lamllies- a 8reat way to meet pèople as well as get Iree foodl We also encourage studènts tololn Llle Gioups and become part of the church family. In the past year we have seen a real 8rowth in nurnbtrs from thls demographlc whSch Is a key part ol our Browth strategy. En8Jglng wèll with thls community enabled us to provide food. SLtpport and friendshlp to students from around the world. Given the challenges a550ciated with leaving htsme for the first time, rticularly if comln8 from another country, this work has èlw served to sustain the spirStual life ol students, as well a5 alleviating the mar8inali5ation and isolation often experienced within this demo8raphi¢.
Gateway Church, Poole Trustees, Report Our students and 20's meet on¢e a week In homes, and organised a successful weekend away to Studland last year. It Is a delight to serve this community and this will remain an important part of our service to the 8CP area. Truth be Told Truth be Told is an award.winning Independent chailty blrthed at Gateway and lèd by a mèmber of our church. The premlse of Truth be Told Is to host and run a¢tlvlty and song.led toddler groups In care homes. Thls initiative fits well wlth our Gatehouse phllosophy as It communicates Chrlstlan truths and draws to8ether dèmo8raphic groups who ml8ht also be most vulnerable to isolation and mar8lnalization, such os youn8 par•nts and older people in care homes, It ha5 been a pleasure to run Truth be Told sesslons at Gatewayi involving the youn8 and the old, and to make use of the Intergeneratlonal element of Truth be Told to help rebulld soclal cohe51on post-covld. Additlonallv we have been plea59d to hav¢ run a Truth be Told Group at a local cafe home. Home Educ•tlon Group On Frlday afternoons durln8 school term we run a Home Education group lor carers and students who are home educatlng. The Home Ed group has a currlculum all8ned to the Natlonal Gallery and Is open to anyone Sn the communlty for free. Startèd In lènuary 2024, thls group Is now routlnely attended by 30+ carors and students each week and contlnues to 8row. Youth The Gateway Youth 8roup meet5 every Wednesday evenlng and every other Sunday mornlnB, durln8 tem tlme, for youth a8ed between 11-14 years. We cteale a wel¢omln8 fun space in whl¢h hll youth from the area can come and join in actlvlties and have a safe placè to hèn8 out. Our aim durin8 these tirne$1s to see people come to know Jesus and to grow in thèir faith. We disclple the youth, wlth each youth havlng the opportunlty to have a mentor, provlde teachlng from the blble, reach the local youth community through outreach events, help the communlly around us with social action event5 and 8enerally build friendship and have fun. All youth leaders have had training and arÈ covered by enhanced DBS thecki. Once a year our YOLtth 8roup attend Newday, a week long Chrlstian camp in Norfolk for other youth from around ihe ¢ountry attènded by approximately 7,000 young people. In addition, we took & Brovp of youth to Cherbourg for a wèekènd to seNe a local Baptlst Church wlth whom we are In a relatlon5hlp. Our youth community contSnues to 8row steadily In terms of number and splrltual depth and play a vltal part In the Ilfe of the church. Blkers Curry Onte a month we host a curry ni8ht for l¢xal bikers from our AshlÉy Road building. Thls has bÈÈn a good WAY of en8aglng the local biker community, helping people to build relatlonshlps and sÈrvÈs under the Gatehouse oblective of brin8ing people out of Isolatlon and mar8ina1158tlon. Approximately 50 people attend the bikers curry night.
Gateway Church, Poole Trustees, Report Other Throughout the year we run and host a variety of other event5 foi the local communlty, including carol servlces, Christmas Markèts. Taste the Nations. celebratlng food and culture of the 25+ natiorbs represented by members of Gateway, beath lunches, walks and board game evenlngs. Servlng other Or8anlsatlons A number of our leadership team also sit on varlous trusteè boards lof NGO'S and ehur¢hesl and serve as School 8overnors In an effort to help other, simllarly mlnded organlsations to ourlsh, wlth an eye to servlng those In need and brlngin8 the truth of the gospel to Ilght through act5 of sèrvlce. Ad¥in¢e Movement UK & Europe Gateway is a partner church of Advance - a mi5slonal Sphere of Newfrontlers. Advan¢e15 a lobal network of ¢hur¢hes with shared mS5slon and doctrlne and has 23 partner churches In the UK wlth whom we are In apostollc relatlon5hip. Advance exlsts to help plant and strengthen churches around the world Sn order for people to hear the 8ood news of the 8ospel and belon8 ta the body of Chrlst around the world as expressed In loc81 churches. At varlous polnts of the year, leaders anLI members of Gateway 8ather wlth other Advance leaders for tonferences and meetlngs almed at equlpplng one another to start new congregatlons and to strengthen exlst5ng ones. The Gateway staff and leadershlp tearn also 8lve a $18nlflcant lead to the Advance Movement. This 15 a vltal part of our 8rowth and health strate8y. As è partner church In Advance, we have benefltted from a number of local and internation31 vlsltln8 speakers and leaders over th15 reportin8 period. Addltlonally, we hosted 12 students for a week who served the Gateway youth from an Advance partner church In Texas. Publlc Benefft Statement The trustees have complled wlth thelr dLtly to have due regard to the guidance on publlc benefit published by the Charlty Commlssion In exerclslng thoir power and duties. The trltstees havè &IN due regard to publlc benefit when plannin8 the charlty's OCtlvltle5, In arcordance wlth Sectlons G2 gnd G3 of the Charity Commission's General Guidance on Publlc Benefit (January 21x181. The para8faphs above set our our actlvities, achievements and performance durSn8 th¢ year, which are dlrectly related to the objects and purposes for which the charlty exists. The charlty achleves Its prlncipal objects and purpose5 through worshlp, teathing, counsellng, group actlvities and pastoral support. These benefits are directly related to the alrns of the charlty and are fully compllant wlth Princlples l and 2 of the Charity Commisslon Prin¢lples on Publlc Benefit. The trustees have complied with theSr duty to have due regard to the guidance on publlc benefft published by ihe Charity Commission in exercisin8 thelr power and duties.
Gateway Church, Poole Trustees, Report Flnanclal Revlew Durin8 the year ended 31 March 2024 there was a net inflow of funds of £44,671 lyear ended 31 March 2023 net inflow of £173,424). The princlpal fundlng source5 of the church are vla offerin85 of the church members and regular attendees and the glft aid reclaimed on these 8ift5. Total fundin8 durin8 the year was £638,558 lyear ended 31 March 2023 £663,229>. Reserves Pollcv The trustees have examlned the charlty's requirements for reserves In Ilght of the main risk5 to the charity. A policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months, of the expenditure has been established. Budgeted non-capital expendlture for 2024125 is approxlmately E572,000 and therefore the tar8et Is £143,000 to £286,000 In 8eneral funds. The reserves are needed to meet the worklng capltal requirements of the charity and the trustees are confident that at this level they would be able to continue the current activitie5 of the charity in the event of 3 signiflcant drop in funding, The level of free net current assets at 31 March 2024 was £2229,380131 March 2023 £226,119). The Trustees meet regularly and rÈvlÈw the flnanclal poslrlon and wlll contlnue to monltor Income and expendlture closely over comin8 months. Rlsk Management The trustee5 examlne the malor rlsks that the church faces each flnanclal year when preparlng and updatlng the strateglc plan. The church has developed systems to monltor and control these rlsks to mltl8ate any Impact that they may have to the church In the future. Trustee$ The trustees who are dlrectors for the purpose of company law, who served durlng the year and up to the date of thls report are set out on p38e l. The report of the directors has been prepared takln8 advantage of the small companies exemptlon of section 415A of the Companles Att 2006. The annual report was approved by the trustees ofthe Charlty on slgned on its behalf by: Richar Truste
Gateway Church, Poole Statement of Trustees, Responsibilities The trustees Iwho are also the dlrectors of Gateway Church, Poole for the purposes of company law are responslble for preparlng the trustees, report and the financial statements In accordance with the United Kingdorn Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applleable law and regulatlons, Company law requlres the trustees to prepare financlal statements for each flnanclal year. Under company law the trustees must not approve the financial statements unless they are satisf red that they glve a true and falr vlew of the state of affairs of the charltable company and of its Incomln8 resaurces and application of resources, including its income and expenditure, for that period, In preparin8 these financial statements, the trustees are required to: select suitable accounting pollcles and apply them consistently,. observe the method5 and princlples in the Charitie5 SORP,. make judgements and estimates that are reasonable and prudent; state whether appllcable UK Ac¢ountlng Standards have been followed, subjects to any material departures disclosed and explained In the flnanclal statements; and prepare the financial statements on the goin8 concern basis unless it is Inappropriate to presume that the charltable company wlll contSnue In buslness. The trustees are respon51ble for keeping adequate accounting records that are sufficient to Show and explaln the charltable company's tran5actlons and d15c105e with reasonable accuracy at any tlme the flnanclal p051tlon of the charltable company and enable them to ensure that the flnanclal statements comply with the Companies Act 2006, They are also responslble for safe8uardlng the assets of the charitable company and hence for taking reasonable steps for the prevention and detertioft of fraud and other IFregularlties. Approved by the trustees of the charlty on and sl8ned on Its behalf by: Rich Trustee ta
Gateway Church, Poole Independent Examiner's Report to the trustees of Gateway Church, Poole Independent examSner's report to the trustees of Gateway Church, Poole Charllable Company I'the Company,) I report to the charity trustees on my examination of the account5 of the Company for the year ended 31 March 2024. Responslbllltle5 and bas15 of report As the charity's trustees of the Company land also Its directors for the purposes of company lawl you are responsible for the preparatlon of the accounts in accordance with the requirements of the Companles Act 20061'the 2006 Act'}, Havln8 satlsfled myself that the accounts of the Company are not requlred to be audited under Part 16 of the 2006 Act and are eligible for the independent examination, I report in respect of my examination of your charlty's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrylng out my examlnatlon I have followed the Dlrectlons glven by the Charlty Commlsslon under sectlon 145151 Ibl of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attention in connectlon with the examlnatlon gSvlng me cause to believe: Accounting records were not kept In respect of the Company as requlred by section 386 ofthe 2006 Act; or The accounts do not accord wlth those records; or The accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts 8lve a 'true and fair view, whlch Is not a matter considered a5 Part of an Independent examination,. or The account5 have not been prepared In accordance wlth the methods and principles of the Statement of Recommended Practice for accounting and reportirig by charitles lapplicable to charitie5 preparing their accounts in accordance with the Financial Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 10211. io
Gateway Church, Poole Independent Examiner's Report to the trustees of Gateway Church, Poole 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 In order to enable a proper understanding of the accounts to be reached, Adrian Carr AAT The Accountin8 Bureau Ltd 87 North Road Parkstone Poole Dorset H14 OLT December 2024 li
Gateway Church, Poole Statement of Financial Activities for the Year Ended 31 March 2024 UTrreslrlcted lunds Reslrltted funds Total 2014 Note Income and Ehdowments from: Donation5 and le8acies Other Income Total Income 638,568 446 639,014 638,568 446 639,014 Expendlture on: Charltable actlvities Total Expendlture 594,343 594,343 594,343 594,343 Net movement in funds 44,671 44,671 ReconcSllatlon of funds Total funds brou8ht forward Total fund5 carried forward 1,426,236 1,470,907 1,426,236 1,470,907 17 Unre$lrl¢ted funds Restrlcted funds Tot•1 2013 Note Income and Endowments frorn: Donations and legacies Other Income Total Income 661,844 1,385 663,229 661,844 1,385 663.229 Expendlture on: CharitabSe activitSes Total Expenditure 489,80S 489,805 489,805 489,805 Net movement In funds 173,424 173,424 Reconclllatlon of lunds Total funds brou8ht forwaid Transfers Total funds carrled forward 1,252,812 1,252,812 18 17 1,426,236 1,426,236 All of the charlty's actSvStles derlve from contlnuing operations during the abovè two periods. The funds breakdown for 2024 15 shown in note 17. 12
Gateway Church, Poole Balance Sheet 31 March 2024 2024 1023 Note Flxed a55etS Tan8ible assets li 2,429,444 2,470,155 Cutrent assets Debtors Cash at bank and In hand 12 26,548 3SO,749 377,297 387,615 387,615 Credltors: Amounts falllng due wlthln one year 13 147,917 161,496 Net turrent assets 229,380 226,119 Total aet$ less ¢urrent Ilabllltles 2,658,824 2,696,274 CredStor$: Amounts falllng due after more than one year 14 1,187.917 1,270,038 Provlslons 15 Net assets 1,470,907 1,426,236 Fund5 of the charltv: Restrlrted funds Unrestrlcted funds 1,470,907 1,426,236 Total funds 17 1,470,907 1,426,236 13
Gateway Church, Poole Balance Sheet 31 March 2024 For the financlal year endlng 31 March 2024 the ¢harlty was entltled to exemptlon f rom audlt under Section 477 of the Companies Act 2006 relatln8 to small companle5. Directors, responsibilities: The members have not required the charlty to obtaln an audlt of it5 account5 for the year In question In accordance wlth sectlon 476; and The directors acknowledge their responsibllitles for complyln8 Wlth the requirernents of the Act with respect to accountln8 records and the preparation of accounts. These accounts have been prepared in accordance with the provi5i0ns applicable to companies subject to the small companSes regime. The financial Issue on tatements on pa8es 12 to 26 were approved by the trustees, and authorlsed for Rlchar Truste St Company Re8lstratlon Number.. 07189544 14
Gateway Church. Poole Notes to the Financial Statements Year Ended 31 March 2024 Accountlng pollcles Summary o151gnlficant accountlng pollcles and key accountlng estlmates The prlnclpal accountlng poll¢les applied In the preparation of these flnancial statements are set out below. These pollcle5 have been con515tently applled to all the years presented, UDle55 Otherwise stated. Statement of compllance The flnancial statements have been prepared in accordance with AccountlnB and Reportlng by Charlties.. Statement ol Recommended Practie applicable to charitles preparlng their accounts in accordance wlth rhe Financlal Reportlng StanLtard applicable In the UK and Republlc of Ireland IFRS 1021 leffectlve l January 20151 Icharities SORP IFRS 10211, the FSnancSal Reportin6 Standard appllcable in the UK and Republic of Ireland IFRS1021 and the Companies Act 2006. Basls ot preparatlon Gateway Churth, Poole is a registered charity, registration number 1135330, eompany number 07189544, re8lStered in the United Kingdom. The address of the charlty IS 8iven in the reference and adminstrative details on page l of these F5nancial statements, The nature of the charity's operatlons and princlpal artivlties are descrlbed In the Trustees, annual report. The Chaflty constltutes a publlc beneflt entlty as deflned by FRS 102. The flnancial statements are prepared on a 8olng concern basls under the hlstorical cost conventlon, modlfled to include certaln Items at falr value. The financS0l statements are prepared in 5terlin8 which Is the functional currency of the charity and rounded to the nearest whole pound. Exemptlon Irom prep•rln8 a Cash flow st•tement The charity has adopted Bulletin I published 2 February 2016 and have therefore not included a cash flow statement in these flnancial statements, In¢ome and endowments All Income is recogn15ed once the charity has entitlement to the Income, St Is probable that the income will be received and the amount of the income recelvable can be measured rellably. Donatlons and leqacles Donations are recognised when the charlty has been notifled in writing of both the amount and settlement date. In the event thot a donation is subject to condition that require a level of performanee by the charity before the charity 15 entitled to the funds, the income is deferred and not reco8nised until either those corbditions are fully met, or the fulfilment of those conditions 15 wholly within the control of the ¢harlty and it is probable that these condition5 will be fulfilled in the reportin8 period. 15
Gateway Church, Poole Notes to the Financial Statements Year Ended 31 March 2024 Expendlture All expenditure Is reco8nised once there Is a legal or constructive obligatlon to that expendlture, It Is probable Settlement is requlred and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate slmilar costs to that category. Where costs cannot be directly attrlbuted to particular headlngs they have been allocated on a basls conslstent with the use of resources, wlth central staff costs allocated on the ba515 of tlme spent, and depreclatlon harges allocated on the portlon of the asset's use. Other support costs are allocated based on the spread of staff costs. Chorltoble o¢tlvltles Charitable expenditure comprlses those costs incurred by the charity in the delivery of Its activities and services for its beneflciaries. It Sncludes both costs that can be allocated dlrectly to such actSvltles and those cost5 of an Indlrect nature necessary to support them, Grant pmvlslon5 Provisions for grants are made when the Intentlon to make a grant has been communlcated to the recipient but there is uncertainty about either the timin8 of the grant or the amount of 8rant payable. Governance costs These include the costs attrlbutable to the charity's cornpliance with con5tltutlonal and statutory requirements, Including audit, stratÈgic Management and trustee's meetings and relmbursed expenses. Tamatlon The charlty Is considered to pass the tests set out in Para8raph I Schedule 6 of the Flnance Act 2010 and therefore It meets the definltion of a ¢haritiable company for UK corporation tax purposes, Accordin8ly, the charity 15 Potentially exempt from taxation in respect of income or capital gain5 received within categories covered by Chapter 3 Part 11 of the Corporatlon Tax Act 2010 or Section 256 of the Taxatlon of Chargeable Gains Act 1992, to the extent that such Sncome or 8ains are applied excluslvely to charitable purposes. Tanglble flxed assets Indlvidual fixed assets C05tln8 £200 or more are Inltially recorded at Cost, less any subsequent accumulated deprecation and subseouent accumulated impairment losses, 16
Gateway Church, Poole Notes to the Financial Statements Year Ended 31 March 2024 Depreclltlon •nd •mortItIon Depreciatlon Is provlded on tanglble f¢xed assets so as to write tslf the cost ar valuation, less any estimated residual value, over their expected useful etonomlc Ilfe as follows.. Asset clo Fix¢ure5, fltlln8s and equlpment Depreclatlon m•thod and rate 25% per annum on a reducin8 balance ba515 Cycle and work bi¢y¢le$ 25% per annum on a redu¢Sng balJnce basls Church property and Improvements 2% stralght Ilne basls Cash and cash equSvalents Cash and cash equlvalents comprlse cash on hand and call deposlts, and other short.term hlghlv Ilquid investmènts that are readily tonvertlble to a known afnount of cash and are subjed to an In558nlflcant rlsk of ¢han8e In value. orrowln8S Intere5t-bearlng borfowln85 are InStlally recorded at falr value, net ol tiansactlon Costs. Intere5t- bearln8 borrowlngs are subsequently ¢arrled at amortlsed tost, with the dllference between the proceeds, net ¢f transacllon costs, and the amount due on redemptlon belng recognlsed as charge to the Statement ol Flnanclal Actlvltles over the period of the relevant borrowln8. Interest expense Is reco8nised on the basls of the effertlv4 Intir•st m•thod and Is included Sn Interest payable and simllar charges. Borrowings are classlfiÈd as current Ilabilities unless the charity has an uncondltlonal rlght to defer settlement of ihe Ilablllty for at leat twelve months after the reportln6 date, Fund stru¢ture Unrestrlcied Income f4Jnds are general funds that are available for use at the trustees, dlscretlon In furtherance ol the objectlves ol the charity. Deslgnated fLsnds are unre5trlcted fvnds set aside for specinc purposes at the dlKretlon of ihe Irustees. Restrlcted Income funds are those donated for use In a partlcular èrea or for speclfic purposes. the use of whlch is restricted to that area or purpose. P•nslons Ind other post retlrement obllg•tloM Tho company offers a defined contributlon pension scheme. Contributlons are ¢har8ed In the income and expendlture account as they become payable In accordance with the rules of the scheme. Gateway Chur¢h p3rticSpaled In a multl-employer defined benefit penslon scheme for Baptlst Minlsters In the UK whlch has been closed to new members. Deflclt contrlbutlons are charged In the Income and expenditure account as they become payable and Gateway Church's liabillty towards the scheme defSclt is included in the finar¢cial 5tatement5 as a provision. 17
Gateway Church, Poole Notes to the Financial Statements Year Ended 31 March 2024 Income from donatlons and le8acles Unrestricted funds Restrlcted funds Total 2024 Total 2023 Donatlon5 and le8acles,' Donatlons to major appeals Donation5 from indlvSduals Grants Glft ald reclalmed 187,104 344,289 187,104 344,289 288,237 311,753 20,000 41,854 107,175 107,175 638,568 638,568 661.844 Other Income Unrestrlcted funds Restrlcted funds Total 2024 Total 2023 Employer's NIC rebate Vision Fund Tithe 446 446 1,385 446 446 1,385 18
Gateway Church, Poole Notes to the Financial Statements Year Ended 31 March 2024 Expendlture on charltable artbvltles Actlvlty undertaken dlrectly Grant fundin8 of actlvlty Total 2024 Total 2023 Mi$5i0n Establishments costs Insurance Repairs and maintenance Prlntln8, POSta8e and stationery Telephone Advertlsin8 Equlpment repalrs and renewals Staff salarles and ¢0sts Group actSvlties Training, conferences and travel Cleaning IT malntenance and costs 8ank charges Legal and professional fees Loan interest Depreciation Sundries Governance costs Subscrlptlons 16.587 14.500 5,786 ,413 7.210 2.372 22.886 39,473 14,500 5,786 8,413 7,210 2,372 59,626 20,781 2,470 2,932 7,4S2 1,942 462 3,941 197,631 31,545 15,159 5,064 449 525 734 60,975 72,020 2,495 2,756 846 8.922 259.619 27.138 16.389 9,313 3,353 432 9.487 98,351 73,479 2,127 4.589 3,390 8,922 259,619 27,138 16,389 9,313 3,353 432 9,487 98,351 73,479 2,127 4,589 3,390 571,457 22,886 594,343 489,805 Analys15 of governance and 5UPPOrt costs Governance costs Unrestrlded funds Total 2024 Total 2023 Independent Examiner's remuneration Bookkeeplng and payroll costs 1,440 3,149 1,440 3,149 1,440 1,316 4,589 4,589 2,756 19
Gateway Church, Poole Notes to the Financial Statements Year Ended 31 March 2024 Gtafit-makln8 Analysls of grants Name of Instttutlon Actlvlty 2024 2013 Advance Movement Soclal Actlon Bapt15t Unlon New Day Hardship fund Other Grants Pald and Glfts Made Mission Misslon Mlssion Mission Mission Misslon 17,342 2,705 1,412 4,132 1,903 11,979 19,232 12,950 1,000 2,913 1,816 21,715 39,473 59,626 Net Incomlngloul8oln8 resources Net out¢omin8 resources for the year Include: 1024 2023 Depreciation of fixed a55et5 Independent Examiner's Fee 73,479 1,440 74,919 72,020 1,440 73,460 20
Gateway Church, Poole Notes to the Financial Statements Year Ended 31 March 2024 Trustees, remuneratlon and expenses No trustees have received any other beneflts from the charity durln8 the year apart from those disclosed below. staff costs The aggregate payroll costs were as follows: 2024 2023 Staiy costs durln8 the year were: Wa8e5 and salarles Pension costs Staff health insurance Staff sabatical costs Movement In pension ¢ontflbution provlsion 226,249 21,340 5,503 6,527 189.402 20,107 3,622 15,500 197,631 259,619 The monthly average number of persons (including senlor management team) employed by the ¢harity during the year expressed a5 f ull time equivalents was as follows.. Z024 No 2023 No Staff The total employee benefits of the key management personnel of the charlty were £174.11312023'. £132,374). One member of the key management team received a salary and benefit5 in exce55 of £60,000, 21
Gateway Church, Poole Notes to the Financial Statements Year Ended 31 March 2023 io Taxatlon The company Is a registered charlty and Is therefore exempt from taxation. li Tan8lble flxed assets FlJrture8 and flttlng$ Cy¢l• to Church work prop¢rty and blcyfles Improvem•nts Total Cost At l Aprll 2023 Addition5 144.510 32,768 1,988 2,595,383 2,741,881 32,768 At 31 March 2024 177,278 1,988 2.595,383 2,774,649 D•preclatlon At l April 2023 Charge for the year 75,620 25.415 1,822 42 194,284 48,022 271,726 73,479 At 31 March 2024 101,035 1.864 242,306 345,205 Net book vilue At 31 March 2024 76,243 124 2,353,077 2,429,444 At 31 March 2023 68,890 166 2,401,099 2,470,155 The Alder Road buildln8 Is held in trust by the Baptlst Union. the Ashley Road property15 Qwned by Gateway Church, 12 Debtors 2024 2023 Prepayments Other debtors 26,548 26,548 22
Gateway Church, Poole Notes to the Financial Statements Year Ended 31 March 2023 13 Credltors.. amounts falllng due wlthln one year 2024 2023 Bank loans Other taxation and 90clal securlty Other credltors Aetruals 88,650 2,269 55,558 1,440 147,917 88,650 4,72S 66,681 1,440 161,496 Creditors due wlthln one year Includes the followlng Ilabllitles, Dn whl¢h securlty has been 8lven by the charity.. 2024 2023 8ank loans 88,650 88.650 There 55 a legal char8e In respect of the property mortgage from Natlonal Westmlnster Bank Plc. The mort8a8e15 secured a8aln5t the Ashley Road properly. A further loan was drawn down durln8 the year ended 31 March 2023 for £1,200,000, These fund5 were paid to third party developers for work carrled out on the Alder Road buildin8 project. Credliors: •mounts fllln8 due after one year 2024 2023 gank loans 1,187,917 1,270,038 Credltors amounts falllng due after more than one year Includes the followlng15ab115tles, on whlch securlty hès been given by the charlly.. 2014 20Z3 Bank loan 1-2 years Bank loan 2.5 years Bank loan > 5 years 88,650 265.950 833,317 1,187,917 88,650 265,950 915.438 1,270,038 There Is a legal charge Sn respect of the property mortgage from Natlonal We5tmlnster Bank Plc. The mort8a8e is secured against the Ashley Roid property. Included Ir the credltors are the followln8 amounts due ofter rnofe than flve year5.. 2024 2023 After more than Ilve years 833,317 915,438 23
Gateway Church, Poole Notes to the Financial Statements Year Ended 31 March 2024 15 Provlslons 2024 2023 Penslon contributions provlsion See note 16 for detalls of the defined benefit pension deficit, 16 Penslon and other schemes Deflned contrfbutlon penslon schemes The charlty operate5 a deflned contrlbutlon penslon scheme. The penslon cost char8e for the year represents contrlbutlons payable by the charlty to these schemes and amounted to £21,340 12023: £20,107). Deflned beneflt penslon $¢hemes The charity participates in the Baptist Unlon multi-employer defined benefit pension scheme. During 2022123 the Baptlst Union wrote to the Trustees and confirmed that the deflcit previously reported has now been rectlfled and on8olng contrlbutlons towards hlstorlc Ilabllltles In the penslor scheme have been reduced to £1 per month so that the dlrect debit facillty remalns open. If there is a si8nificant detrimental change, employers may be asked to increase their contributions. However, thls requlrement w511 cease when a buy-out of the pension fund which is planned for 2024 completes and the 8aptist Union move toward5 the wind.up of the Def ined Benefit Plan. On thi5 bas15 the provls5on a8aSnst thls potentlal liability in the accounts has been reduced to £nil 12023,. £nill. 24
Gateway Church, Poole Notes to the Financial Statements Year Ended 31 March 2024 17 Funds Balance at l Aprll 2022 Balance at 31 March 2023 Incomlng resources Resourcej expended Transfers Unrestrlcted funds Geneml Unrestrlcted fund 1,426,236 639,014 - 594,343 1,470,907 Restrlcted funds Vision fund Total fund5 1,426,236 639,014 594,343 1,470,907 Balance at l Aprll 2022 Balance at 31 March 2023 Incomlng resources Resources expended Transfers UnrestrScted funds General Unrestrlcted fund 1,252,812 663,229 489,805 1,426,236 Deslqnuted Social action fund Total unrestrlcted funds 1,252,812 663,229 489,805 1,426,236 Restrlcted funds Vision fund Total funds 1,252,812 663,229 489,805 1,426,236 25
Gateway Church, Poole Notes to the Financial Statements Year Ended 31 March 2024 Restrlrted funds On 10 February 2021 it was agreed at a Trustee5 meeting that the use of the term 'restrlcted" should be removed from the accounts. Slnce the Inception of the Vision Fund It was always communicated that these funds would be designated rather than restricted. On thls basls from 2021 onw3rds all funds previously showlng as restricted have now been transferred to unrestrlcted fund5. 26