2020-12-31-accounts - Gateway Christian Centre

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Report ofthe Trustees		1	to	3
Independent Examiner's Report
Statement ofFinancial Activities
Statement ofFinancial Position		6	to	7
Statement ofCash Flows
Notes to the Statement ofCash Flows
Notes to the Financial Statements		10	to	19
Detailed Statement ofFinancial	Activities	20	to	21

					Period
					1.12.19
					to	Year Ended
					31.12.20	30.11.19
			Unrestricted	Restricted	Total	Total
		Notes	funds	funds	funds	fundsf
INCOME AND ENDOWMENTS FROM
Donations and legacies			612,339	11,608	623,947	564,792
Other trading activities			4,146		4,146	26,211
Total			616,485	11,608	628,093	591,003
EXPENDITURE ON
Charitable activities
Direct charitable expenditure
			582,059	10,240	592,299	563,629
NET INCOME			34,426	],368	35,794	27,374
RECONCILIATION	OF FUNDS
Total funds brought	forward		139,260	5,811	145,071	117,697
TOTAL FUNDS CARRIED FORWARD			173,686	7,179	~180 865	~145071

				2020	2019
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes		6
FIXEDASSETS
Tangible assets	12	60,161		60,161	39,980
CURRENT ASSETS
Debtors	13	3,881		3,881	2,391
Cash at bank and in hand		161,659	7,179	168,838	105,963
		165,540	7,179	172,719	108,354
CREDITORS
Amounts falling due within one year	14	(2,015)		(2,015)	(3,263)
NET CURRENT ASSETS		163,525	7,179	170,704	105,091
TOTAL ASSETSLESSCURRENT LIABILITIES		223,686	7,179	230,865	145,071
CREDITORS
Amounts falling due atter more than one year	15	(50,000)		(50,000)
NET ASSETS		173,686	7,179	180,865	145,071
FUNDS	18
Unrestricted funds				173,686	139,260
Restricted funds				7,179	5,811
TOTAL FUNDS				180,865	145,071

							Period
							1.12.19
							to	Year Ended
							31.12.20	30.11.19
						Notes
Cash flows from	operating		activities
Cash generated from operations							50,887	44,670
Net cash provided	by operating			activities			50,887	44 670
Cash flows from	investing		activities
Purchase oftangible fixed		assets					~38,0 12	~6,282)
Net cash used in investing		activities					~38,012)	~6,282)
Cash flows from	tinancing		activities
New loans in year							50,000
Net cash provided	by financing			activities			50,000
Change in cash and cash		equivalents			in the
reporting period							62,875	38,388
Cash and cash equivalents			at the beginning			of
the reporting period							~105963	67,575
Cash and cash equivalents			at the end		ofthe
reporting period							168,838	105,963

						Period
						1.12.19
						to	Year Ended
						31.12.20	30.11.19
Net income	for the	reporting		period (as per the Statement ofFinancial
Activities)						35,794	27,374
Adjustments	for:
Depreciation	charges					17,832	17,833
Increase in debtors (Decrease)/increase		in	creditors			(1,490) ~1,249	(1,964) ~1427
Net cash provided		by	operations			~50 887	~44 670
ANALYSIS	OF CHANGES IN NET FUNDS
				At	1.12.19	Cash flow	At 31.12.20
							f
Net cash
Cash at bank	and in	hand			105,963	62,875	168,838
					105,963	62,875	168,838
Debt
Debts falling	due atter		1 year			~50 000	~50 000
						~50000)	50,000
Total					105,963	12,875	118,838

Plant and machinery	25%	reducing	balance
Fixtures and fittings	25%	reducing	balance
Sound and video equipment	33%	reducing	balance

DONATIONS	AND LE	GACIES
			Period
			1.12.19
			to	Year Ended
			31.12.20	30.11.19
Donations			520,609	487,686
Gift aid			88,150	77,106
Grants			~15 188
			623,947	~564 792
Grants received, included		in the above, are as follows;
			Period
			1.12.19
			to	Year Ended
			31.12.20	30.11.19
Job Retention	Scheme		15,188

							Period
							1.12.19
							to	Year Ended
							31.12.20	30.11.19
	Rental income						3,300	11,150
	Event income						846	15,061
							4 146	26,211
4.	CHARITABLE	ACTIVITIES COSTS
						Direct	Support
						Costs (see	costs (see
						note 5)	note 6)	Totals
	Direct charitable	expenditure
						~589 736	~2563	592,299
5.	DIRECT COSTS		OF		CHARITABLE ACTIVITIES
							Period
							1.12.19
							to	Year Ended
							31.12.20	30.11.19
	Trustees' remuneration				etc			106,556
	Staff costs						307,414	132,680
	Rent and insurance						101,845	129,158
	Light and heat						16,445	27,440
	Miscellaneous						12,511	3,569
	Resources and literature						2,635	2,800
	Youth work expenses						2,036	17,650
	Pastoral team expenses						1,618	3,773
	Hospitality and catering						5,294	9,179
	Gifts etc - missions						36,335	41,614
	Gifts - other						1,489	883
	Training						1,429	3,735
	Motor, travel and	subsistence					2,806	5,063
	Property renovation,			repairs and renewals			7,788	3,918
	Equipment purchases,			repairs and renewals			17,902	11,900
	Computer and internet				costs		12,444	15,039
	Printing, stationery		and		advertising		12,660	13,967
	Telephone and postage						6,224	7,878
	Bank charges						1,614	2,245
	Church trips and events						5,928	2,704
	Broadcast charges						~8740	2,190
	Carried forward						565,157	543,941

5.	DIRECT C	OST	S OF	CHARITABLE ACTIVITIES - continued
					Period
					1.12.19
					to	Year Ended
					31.12.20	30.11.19
	Brought forward				565,157	543,941
	Safeguarding				716
	Team development				442
	Increase project				5,589
	Depreciation				17,832	17,833
					589,736	~561 774
6.	SUPPORT	COSTS
						Governance
						costs
	Direct charitable		expenditure
						2,563
7.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)			is stated after charging/(crediting):
					Period
					1.12.19
					to	Year Ended
					31.12.20	30.11.19
	Depreciation	- owned assets			17,831	17,833
8.	AUDITORS' REMUNERATION
					Period
					1.12.19
					to	Year Ended
					31.12.20	30.11.19
	Independent	examiners		fees	1,512	~1380

TRUST	EES' REMUNERATI	ON AND BENEF	ITS
				Period
				1.12.19
				to	Year Ended
				31.12.20	30.11.19
Trustees'	salaries				94,406
Trustees'	social security				10,082
Trustees'	pension contributions	to money purchase	schemes		2,068
					106,556

STAFFCOSTS
			Period
			1.12.19
			to	Year Ended
			31.12.20	30.11.19
Wages and salaries			281,492	220,960
Social security costs			20,173	14,346
Other pension costs			5,749	3,930
			307,414	239236
The average monthly	number ofemployees	during the period was as follows:
			Period
			1.12.19
			to	Year Ended
			31.12.20	30.11.19
Administration			14	12

	for the Period I December 2019to31	for the Period I December 2019to31	for the Period I December 2019to31	December 2020
	COMPARATIVKS FORTHE STATEMENT OF FINANCIAL			ACTIVITIES
				Unrestricted	Restricted	Total
				funds	funds	funds
				8
	INCOME AND ENDOWMENTS FROM
	Donations and legacies			559,674	5,118	564,792
	Other trading activities			24,843	1 368	26,211
	Total			584,517	6,486	591,003
	EXPENDITURE ON
	Charitable activities
	Direct charitable expenditure
				559,396	4,233	563,629
	NET INCOME			25,121	2,253	27,374
	RECONCILIATION		OF FUNDS
	Total funds brought	forward		114,139	3,558	117,697
	TOTAL FUNDS CARRIED FORWARD			~139260	5,811	~145 071
12.	TANGIBLE FIXEDASSETS
				Fixtures	Sound and
			Plant and	and	video
			machinery	fittings	equipment	Totals
						f
	COST
	At 1 December 2019		4,726	8,396	80,128	93,250
	Additions			~2828	35,184	38,012
	At 31December 2020		4,726	11,224	115,312	131,262
	DEPRECIATION
	At 1 December 2019		1,936	3,203	48,131	53,270
	Charge for year		756	1 820	15,255	17,831
	At 31December 2020		2,692	~5023	63,386	71 101
	NET BOOK VALUE
	At 31December 2020		2,034	6,201	~51 926	60,161
	At 30November 2019		2,790	5,193	31,997	39,980

			Notes to the	Financial	Statements - continued
		for the Period I December 2019to31December 2020
13.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
						2020	2019
	Prepayments and accrued	income				3,881	2391
14.	CREDITORS: AMOUNTS FALLING DUE			WITHIN	ONE YEAR
						2020	2019
	Accruals and deferred income					2,015	3,263
15.	CREDITORS: AMOUNTS FALLING DUE			AFTER MORE THAN ONE YEAR
						2020	2019
							6
	Bank loans (see note 16)					50,000
16.	LOANS
	An analysis ofthe maturity	ofloans is given below:
						2020	2019
	Amounts falling between	one and	two years:
	Bank loans - 1-2years					50,000
17.	LEASING AGREEMENTS
	Minimum lease payments	under non-cancellable		operating	leases fall due as follows:
						2020	2019
	Within one year					37,435	2,252
	Between one and five years						60,314
						37,435	62,566

MOVEMENT	IN FUNDS
			Net	Transfers
		At	movement	between	At
		1.12.19	in funds	funds	31.12.20
Unrestricted	funds
General Fund		135,743	34,825	(304)	170,264
Youth Work Fund Events Fund		2,982 535	440 ~839)	304	3,422
		139,260	34,426		173,686
Restricted funds
Building Fund		2,253	1,287		3,540
Missions Fund		2,600	81		2,681
Trips Fund		958			958
		5,811	1,368		7,179
TOTAL FUNDS		145,071	35,794		180,865

		Incoming	Resources	Movement
		resources	expended	in funds
				g
Unrestricted	funds
General Fund		615,775	(580,950)	34,825
Youth Work Fund		440		440
Events Fund		270	~1,109)	~839)
		616,485	(582,059)	34,426
Restricted funds
Building Fund Missions Fund		7,147 4,461	(5,860) ~4,380)	1,287 81
		~II 608	~I0,240	1,368
TOTAL FUNDS		628,093	~592 99)	35,794

				Net	Transfers
			At	movement	between	At
			1.12.18	in funds	funds	30.11.19
Unrestricted	funds
General Fund			113,358	22,347	38	135,743
Youth Work Events Fund	Fund		781	2,201 573	~38)	2,982 535
			114,139	25,121		139,260
Restricted funds
Building Fund				2,253		2,253
Missions Fund			2,600			2,600
Trips Fund			958			958
			3 558	2,253		5,811
TOTAL FUNDS			~I17697	27 374		145,071
Comparative	net movement	in funds, included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted	funds
General Fund				571,167	(548,820)	22,347
Youth Work Events Fund	Fund			11,327 2,023	(9,126) ~1,450)	2,201 573
				584,517	(559,396)	25,121
Restricted funds
Building Fund				2,253		2,253
Missions Fund Trips Fund				2,865 1,368	(2,865) ~f,368)
				~6486	4233	2,253
TOTALFUNDS				591,003	(563629)	27,374

					Detailed Statement ofFinancial Activities
				for the	Period I December 2019to 31December 2020
						Period
						1.12.19
						to	Year Ended
						31.12.20	30.11.19
INCOME AND ENDOWMENTS
Donations and	legacies
Donations						520,609	487,686
Gift aid						88,150	77,106
Grants						15 188
						623,947	564,792
Other trading	activities
Rental income						3,300	11,150
Event income						846	15,061
						4,146	26,211
Total incoming	resources					628,093	591,003
EXPENDITURE
Charitable activities
Trustees' salaries							94,406
Trustees' social	security						10,082
Trustees' pension		contributions					2,068
Wages						281,492	126,554
Social security						20,173	4,264
Pensions						5,749	1,862
Rent and insurance						101,845	129,158
Light and heat						16,445	27,440
Miscellaneous						12,511	3,569
Resources and	literature					2,635	2,800
Youth work expenses						2,036	17,650
Pastoral team expenses						1,618	3,773
Hospitality and	catering					5,294	9,179
Gifts etc - missions						36,335	41,614
Gifts - other						1,489	883
Training						1,429	3,735
Motor, travel and		subsistence				2,806	5,063
Property renovation,			repairs and renewals			7,788	3,918
Equipment purchases,				repairs and renewals		17,902	11,900
Computer and internet				costs		12,444	15,039
Carried forward						529,991	514,957

		for the Period 1 December 20	19to 31December 2020
			Period
			1.12.19
			io	Year Ended
			31.12.20	30.11.19
Charitable activities
Brought forward			529,991	514,957
Printing, stationery	and advertising		12,660	13,967
Telephone and postage			6,224	7,878
Bank charges			1,614	2,245
Church trips and events			5,928	2,704
Broadcast charges			8,740	2,190
Safeguarding			716
Team development			442
Increase project			5,589
Plant and machinery			756	930
Fixtures and fittings			1,820	1,731
Computer equipment			15,256	15,172
			589,736	561,774
Support costs
Governance costs
Independent examiners		fees	1,512	1,380
Legal and professional		fees	1,051	475
			2,563	1,855
Total resources expended			~592 299	563,629
Net income			35,794	27,374