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← Gateway Christian Centre

2024-12-31-accounts

Charity registration number 1136007 (England and Wales)

Company registration number 05637748

GATEWAY CHRISTIAN CENTRE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

GATEWAY CHRISTIAN CENTRE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

J Quintanilla D L'Herroux Dr O Lawal S Freeman M Nyenyezi

Secretary

M Nyenyezi

Charity number (England and Wales)

4136007

Company number

05637748

Registered office

Front Building Bethel Convention Centre Kelvin Way West Bromwich West Midlands B70 7JW

GATEWAY CHRISTIAN CENTRE

CONTENTS

Page
Trustees’ report 1-4
Independent examiner's report 5
Statement offinancial activities 6
Statement offinancial position 7
Statement of cash flows 8
Notestothefinancialstatements 9-19

GATEWAY CHRISTIAN CENTRE

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The report is also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

Objectives and aims

The charity's objectives are:-

a

GATEWAY CHRISTIAN CENTRE

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Significant activities

2024 has been a strong year for Gateway Christian Centre. The church in West Bromwich is thriving and is at capacity almost every weekend in both services. Children’s ministry is very vibrant and full of life. Our senior's ministry which meets every Wednesday morning is well attended and is a great source of support for our elderly congregation members who struggled to come out in the evenings or sometimes to the very packed services.

Our finances have remained strong, and we have been able to give to many missions’ opportunities which reflect the heart of our congregation and the mission of Jesus to take the gospel into all the world.

Our youth ministry and young adult's ministry are stable and although it would be good to see attendance growth in those areas, The people who attend regularly are growing and really enjoy the various groups.

Several new staff members who joined in either 2024 or towards the end of 2023 have fully settled into their roles and the office culture and team morale is the best it has ever been. We operate as a far more effective and efficient organisation than we ever have before.

The congregation in West Bromwich has supported the initiative to plant a new church in Liverpool with great enthusiasm. People have given financially, given in prayer, and given of their time in workdays and building cleaning days in Liverpool. This has brought a breath of fresh life to the local church in West Bromwich also.

Our evangelism ministry has been very strong throughout the year. We have seen dozens and dozens of people give their hearts to Jesus and become Christians, many of whom have also begun attending Gateway Christian Centre regularly. We have a strong discipleship program for new believers and these folks are encouraged to go through that program which also helps them access support for their marriage, family, and general Christian growth etc.

Our worship team in West Bromwich has fully recovered from the loss that we experienced over Covid (three of our four worship leaders) and the team is moving forward with great strength and anointing.

Public Benefit

The Charity's activities represent a public benefit in terms of the support it provides to the members of the congregation and the funds they raise towards the cost of supporting vulnerable people.

The Charity Trustees are satisfied that they have complied with the duty in section 17(5} of the Charities Act 2011 to have due regard to the public benefit guidance published by the Commission.

Financial review

Principal funding sources

The charity's principle funding source during the year was the offerings from the congregation and related gift aid received which accounted for a total of £732,355 (2023: £730,517) of the £745,078 (2023: £747,475) total income for the year.

The total expenditure during the year of £668,366 (2023: £626,060) included staff costs of £353,214 (2023: £326,482), who were mainly employed for activities in pursuit of the church’s objectives. The balance of expenditure during the year mainly related to running costs for premises used for the provision of activities in pursuit of the church's objectives.

Reserves policy

The charity has a designated contingency fund which is funded at £1,500 per month from the general fund, the long term aim is to hold between 3 and 6 months expenditure reserves.

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GATEWAY CHRISTIAN CENTRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Monthly giving continues to rise as our congregation grows.

Cash reserves of £293,145 (2023 : £218,426) are held for future expenditure in pursuit of the charity's objectives. This includes restricted funds of £112,836 (2023 : £99,497). Total funds carried forward amounted to £322,300 (2023 : £245,588) including unrestricted funds of £209,464 (2023 : £146,091) and restricted funds of £112,836 (2023 : £99,497).

Future Plans

The charity still has firm plans to secure a permanent facility from which the church can operate.

Structure, governance and management

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Key management remuneration

Remuneration for key management personnel is discussed and set by AD Colyer, J D Colyer and | Shepherd, with the exception of their own, and is dependent on the role undertaken. All remuneration is then agreed by the trustees.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Gateway Christian Centre is a company limited by guarantee governed by its Memorandum and Articles of Association dated 28 November 2005, and the board of trustees is responsible for the actions of Gateway Christian Centre. The Members of the Charity have agreed to contribute up to £10 in the event of the charity winding up.

The board of trustees is made up of people with a mix of personal and professional skills and experience. The board seeks to ensure that the balance of skills is appropriate to the charity's purpose and objectives, and takes this into account when approaching individuals to offer themselves for election.

Responsibility for the day-to-day leadership and management of the charity is delegated to Jon Colyer, who is supported by an executive committee made up of staff members with a wide range of experience, backgrounds and ethnicity.

eye

GATEWAY CHRISTIAN CENTRE

TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05637748 (England and Wales)

Registered Charity number 1136007

Registered office Front Building Bethe! Convention Centre Kelvin Way West Bromwich West Midlands B70 7JW

Trustees

Mr J Quintanilla Mr D L'Herroux Mr O Lawal Mr S Freeman Mr M Nyenyezi

Company Secretary Mr M Nyenyezi

Independent Examiner Jerroms GCN Limited Chartered Certified Accountants West Point, Second Floor Mucklow Office Park Mucklow Hill Halesowen B62 8DY

Bankers HSBC The Bridge Walsall West Midlands WS1 1LN

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

VY M nyezi Trustee

19 June 2025

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GATEWAY CHRISTIAN CENTRE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GATEWAY CHRISTIAN CENTRE

| report to the trustees on my examination of the financial statements of Gateway Christian Centre charity for the year ended 31 December 2024.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, | report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. | confirm that | am qualified to undertake the examination because | am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

| have completed my examination. | confirm that no matters examination giving me cause to believe that in any material respect:

| confirm that no matters have come to my attention in connection with the

| 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 financial statements to be reached.

Alan Jones FCCA

Jerroms GCN Limited

Chartered Certified Accountants West Point, Second Floor

Mucklow Office Park Mucklow Hil! Halesowen B62 8DY

Dated: 49 June 2025

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GATEWAY CHRISTIAN CENTRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
Notes £ £ £ £ £ £
Income from:
Donations and legacies 2 707,743 24,612 732,355 646,587 83,930 730,517
Other trading activities 3 11,605 - 11,605 16,958 - 16,958
Investments 4 1,118 - 1,118 - - -
Total income 720,466 24,612 745,078 663,545 83,930 747,475
Expenditure on:
Raising funds 5 - - - 1,631 - 1,631
Charitable activities 6 657,093 11,273 668,366 619,862 4,567 624,429
Total expenditure 657,093 11,273 668,366 621,493 4,567 626,060
Net income 63,373 13,339 76,712 42,052 79,363 121,415
Transfers between
funds - - - 2,294 (2,294) -
Net movement in
funds 63,373 13,339 76,712 44,346 77,069 121,415
Reconciliation of funds:
Fund balances at 1 January
2024 146,091 99,497 245,588 101,745 22,428 124,173
Fund balances at 31
December2024 209,464 112,836 322,300 146,091 99,497 245,588

The notes on pages 9 to 19 form part of these financial statements.

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GATEWAY CHRISTIAN CENTRE

STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024

2024 2023
Notes £ £ 2 £
Fixed assets
Intangible assets 12 1,732 2,598
Tangible assets 13 45,478 52,609
47,210 55,207
Current assets
Debtors 14 10,152 10,608
Cash at bank and in hand 293,145 218,426
303,297 229,034
Creditors: amounts falling due within 16
one year (18,138) (18,572)
Net current assets 285,159 210,462
Total assets less current liabilities 332,369 265,669
Creditors: amounts falling due after
more than one year 17 (10,069) (20,081)
Net assets 322,300 245,588
The funds ofthe charity
Restricted income funds 19 112,836 99,497
Unrestricted funds 20 209,464 146,091
322,300 245,588

The notes on pages 9 to 19 form part of these financial statements.

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 19 June 2025

Trustee

Company registration number 05637748 (England and Wales)

ne

GATEWAY CHRISTIAN CENTRE

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2024

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----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |2024|2023| |Notes|£|£|£|£| |Cash|flows|from|operating|activities| |Cash|generated|from|operations|25|94,105|145,416| |Investing|activities| |Purchase|of|intangible|assets|-|(629)| |Purchase|of tangible|fixed|assets|(10,492)|(19,234)| |Investment|income|received|4,118|-| |Net cash|used|in|investing|activities|(9,374)|(19,863)| |Financing|activities| |Repayment|of|bank|loans|(10,012)|(9,246)| |Net|cash|used|in|financing|activities|(10,012)|(9,246)| |Net|increase|in|cash|and|cash|equivalents|74,719|116,307| |Cash|and|cash|equivalents|at|beginning|of year|218,426|102,119| |Cash|and|cash|equivalents|at|end|of year|293,145|218,426|

----- End of picture text -----

The notes on pages $ to 19 form part of these financial statements.

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GATEWAY CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Charity information

Gateway Christian Centre is a private company limited by guarantee incorporated in England and Wales. The registered office is Front Building, Bethel Convention Centre, Kelvin Way, West Bromwich, West Midlands, B70 7JW.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

1.2 Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Where there are terms or conditions attached to incoming resources, particularly grants, then these terms or conditions must be met before the income is recognised as the entitlement condition will not be satisfied until that point. Where terms or conditions have not been met or uncertainty exists as to whether they can be met then the relevant income is not recognised in the year but deferred and shown on the balance sheet as deferred income.

1.4 Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate al! cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

All costs of the charity are deemed to be directly attributable to charitable activities.

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GATEWAY CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

(Continued)

The expected useful lives of assets are reviewed on an annual basis and, if necessary, changes in useful lives are accounted for prospectively.

Computer software

33.33% reducing balance

1.6 Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Tangible fixed assets are capitalised if they can be used for more than one year, and cost at least £500.

The Charity adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when the cost is incurred, if the replacement part is expected to provide incremental future benefits to the Charity. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to the Statement of Financial Activities during the period in which they are incurred.

Depreciation is recognised so as to write off the cost or valuation of assets less their residua! values over their useful lives on the following bases:

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

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Taxation

The charity is exempt from corporation tax on its charitable activities.

4.8 Pension costs and other post-retirement benefits

The Charity operates a defined contribution pension scheme. Contributions payable to the Charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Donations and gifts 618,010 23,193 641,203 569,858 83,610 653,468
Gift aid 89,733 1,419 91,152 73,023 320 73,343
Governmentgrants for
asset purchases - - - 3,706 - 3,706
707,743 24,612 732,355 646,587 83,930 730,517

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GATEWAY CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

2 Income from donations and legacies

(Continued)

3 Income from other trading activities

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||||| |---|---|---|---| |Unrestricted|Unrestricted| |funds|funds| |2024|2023| |£|£| |Rental|income|4,548|10,511| |Event|income|7,057|4,936| |Sales|of clothing|.|1,511| |Other trading|activities|11,605|16,958|

----- End of picture text -----

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||||| |---|---|---|---| |Unrestricted|Unrestricted| |funds|funds| |2024|2023| |£|£| |Interest|receivable|4,118|-| |Expenditure|on|raising|funds| |Unrestricted|Unrestricted| |funds|funds| |2024|2023| |£|£| |Trading|costs| |Other trading|activities|-|1,631|

----- End of picture text -----

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GATEWAY CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

6 Expenditure on charitable activities

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ re £
Direct costs
Staffcosts 353,214 : 353,214 326,482 - 326,482
Depreciation and
impairment 18,490 - 18,490 21,585 - 21,585
Rent and insurance 78,553 - 78,553 81,068 - 81,068
Light and heat 46,680 - 46,680 47,055 - 47,055
Miscellaneous 21,522 - 21,522 12,199 - 12,199
Resources and literature 10,290 - 10,290 8,835 - 8,835
Hospitality and catering 17,059 - 17,059 18,008 - 18,008
Gifts etc - missions 23,643 - 23,643 25,212 - 25,212
Gifts - other 934 - 934 1,443 - 1,443
Training 2,089 - 2,089 809 - 809
Motor, travel and
susbsistence 1,438 - 1,438 2,338 - 2,338
Property renovation,
repairs and renewals . 8,580 8,580 - 4,567 4,567
Equipment purchases,
repairs and renewals 14,035 - 14,035 12,424 - 12,424
Computer and internet
costs 23,078 - 23,078 13,819 - 13,819
Printing, stationeryand
advertising 13,010 - 13,010 12,636 . 12,636
Telephone and postage 5,239 . 5,239 5,440 - 5,440
Bank Charges (391) . (391) 1,339 - 1,339
Church Trips and events 18,997 - 18,997 13,651 - 13,651
Broadcastcharges 92 - 92 5,411 - 5,411
Safeguarding 2,110 - 2,110 643 - 643
Liverpool general costs - 2,693 2,693 - - -
Special projects - - - 250 - 250
650,082 11,273 661,355 610,647 4,567 615,214
Share ofsupport and governance costs (see note7)
Support 7,011 - 7,011 9,215 - 9,215
657,093 11,273 668,366 619,862 4,567 624,429
Analysis by fund
Unrestricted funds 657,093 - 657,093 619,862 - 619,862
Restricted funds - 11,273 11,273 4,567 4,567
657,093 11,273 668,366 619,862 4,567 624,429

x43

GATEWAY CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

==> picture [467 x 236] intentionally omitted <==

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|||||||||| |---|---|---|---|---|---|---|---|---| |7|Support|costs|allocated|to|activities| |2024|2023| |£|£| |Independent|examiners|fee|2,079|1,932| |Legal|and|professional|fees|4,296|5,880| |Bank|loan|interest|636|1,403| |7,011|9,215| |Analysed|between:| |Charitable|expenditure|7,011|9,215| |8|Auditor's|remuneration| |Fees|payable|to|the|charity's|auditor and|associates:|2024|2023| |£|£| |For|audit|services| |Audit|of the|financial|statements|of|the|charity|2,079|1,932|

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9 Trustees

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees’ expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

10 Employees

The average monthly number of employees during the year was:

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|||||| |---|---|---|---|---| |2024|2023| |Number|Number| |Administration|13|13| |Employment|costs|2024|2023| |£|£| |Wages|and|salaries|322,763|299,774| |Social|security|costs|24,094|20,691| |Other|pension|costs|6,357|6,017| |353,214|326,482|

----- End of picture text -----

There were no employees whose annual remuneration was more than £60,000.

-13-

GATEWAY CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

11. Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Intangible fixed assets

Intangible fixed assets
Computer
software
£
Cost
At 1 January 2024 and 31 December 2024 6,629
Amortisation and impairment
At 1 January 2024 4,031
Amortisation charged for the year 866
At 31 December 2024 4,897
Carrying amount
At 31 December 2024 1,732
At31December2023 2,598

13 Tangible fixed assets

Tangible fixed assets
Plant and Fixtures and Sound and Total
equipment fittings video
equipment
£ £ £ £
Cost
At 1 January 2024 7,020 31,750 148,531 187,301
Additions - - 10,492 10,492
At 31 December 2024 7,020 31,750 159,023 197,793
Depreciation and impairment
At 1 January 2024 4,059 14,751 115,881 134,691
Depreciation charged in the year 740 4,250 12,634 17,624
At 31 December 2024 4,799 19,001 428,515 152,315
Carrying amount
At 31 December 2024 2,221 12,749 30,508 45,478
At31December2023 2,960 16,999 32,650 52,609

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GATEWAY CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

14 Debtors
2024 2023
Amounts falling due within one year: £ £
Other debtors - 2,522
Prepayments and accrued income 10,152 8,086
10,152 40,608
15 Loans and overdrafts
2024 2023
£ £
Bank loans 19,909 29,921
Payable within one year 9,840 9,840
Payable after one year 10,069 20,081
16 Creditors: amounts falling due within one year
2024 2023
Notes £ £
Bank loans 15 9,840 9,840
Accruals and deferred income 8,298 8,732
18,138 18,572
17 Creditors: amounts falling due after more than one year
2024 2023
Notes £ £
Bank loans 15 10,069 20,081
18 Retirement benefit schemes
2024 2023
Defined contribution schemes £ £
Chargetoprofitorlossinrespectofdefinedcontributionschemes 6,357 6,017

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

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GATEWAY CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

19 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 January Incoming Resources Transfers At31
2024 resources expended December
2024
£ £ £ £ £
Building fund 98,539 16,726 (8,580) - 106,685
Trips fund 958 - - - 958
Gateway- Liverpool - 7,861 (2,693) - 5,168
Missions - 25 - : 25
99,497 24,612 (11,273) - 112,836
Previous year: At 1 January Incoming Resources Transfers At 31
2023 resources expended December
2023
£ £ £ £ £
Building fund 21,470 83,930 (4,567) (2,294) 98,539
Trips fund 958 - - - 958
22,428 83,930 (4,567) (2,294) 99,497

Building Fund

The purpose of this fund is for the maintenance and upkeep of the building, in addition to the potential future purchase.

Mission Fund

This fund provides support for various missions in relation to the objectives of the Church.

Trips Fund

To maintain funds for trips organised by the Charity's members for example 'The Colours Trip’ and ‘Flourish’.

Gateway - Liverpool

The purpose of this fund is for the running and support of the new church services and facilities being held in Liverpool.

GATEWAY CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

20 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 January Incoming Resources Transfers At 31
2024 resources expended December
2024
£ £ £ £ £
General Fund 127,575 713,941 (652,715) (18,000) 170,801
Youth Work Fund 119 5,958 (4,263) - 1,814
Events Fund 397 567 (115) - 849
Contingency Fund 18,000 - - 18,000 36,000
146,091 720,466 (657,093) - 209,464
Previous year: At 1 January Incoming Resources Transfers At 31
2023 resources expended December
2023
£ £ £ £ z
General Fund 101,431 656,488 (614,958) (15,386) 127,575
Youth Work Fund 227 5,362 (5,470) - 119
Events Fund 87 1,695 (1,065) (320) 397
Contingency Fund - - - 18,000 18,000
101,745 663,545 (621,493) 2,294 146,091
Analysis of net assets betweenfunds funds
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 December 2024:
Intangible fixed assets 1,732 - 1,732
Tangible assets 45,478 - 45,478
Current assets/(liabilities) 172,323 112,836 285,159
Long term liabilities (10,069) - (10,069)
209,464 112,836 322,300

21 ~+ Analysis of net assets between funds

e447

GATEWAY CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

21 + Analysis of net assets between funds

(Continued)

Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 31 December 2023:
Intangible fixed assets 2,598 - 2,598
Tangible assets 52,609 - 52,609
Current assets/(liabilities) 110,965 99,497 210,462
Long term liabilities (20,081) - (20,087)
146,091 99,497 245,588

22 Operating lease commitments

Lessee

The operating leases represent leases of rent to third parties. The leases are negotiated over terms of 5 years and rentals are fixed for 5 years.

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2024 2023
£ £
Within one year 74,338 70,995
Between two and five years 117,671 188,414
192,009 259,409

23 Employee benefit obligations

The charity has recognised the following costs in respect of defined pension contribution plans £6,357 (2023 £6,017).

24 ~=Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

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GATEWAY CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

25 Cash generated from operations 2024 2023
£ £
Surplus for the year 76,712 121,415
Adjustments for:
Investment income recognised in statement of financial activities (1,118) -
Depreciation and impairment oftangible fixed assets 18,490 21,585
Movements in working capital:
(Increase)/decrease in stocks ~ 956
Decrease in debtors 456 1,459
(Decrease)/increase in creditors (435) 1
Cash generated from operations 94,105 145,416
26 Analysis ofchanges in netfunds
At 1 January Cash flows At 31 December
2024 2024
£ £ £
Cash at bank and in hand 218,426 74,719 293,145
Loans falling due within one year (9,840) - (9,840)
Loans falling due aftermore than one year (20,081) 10,012 (10,069)
188,505 84,731 273,236

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