DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S GLOUCESTERSHIRE GATEWAY TRUST (A Company Llmited by Guarantee) ACCOUNTS 31 March 2025 Company no: 06857427 Charlty no: 1140440
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S CONTENTS Page DIRECTORS. REPORT INDEPENDENT AUDITORS, REPORT TO THE MEMBERS STATEMENT OF FINANCIAL ACTIVITIES 10 BALANCE SHEET CASH FLOW STATEMENT 12 NOTES TO THE ACCOUNTS 13-23
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S GLOUCESTERSHIRE GATEWAY TRUST DIRECTORS, REPORT The directors presenl their report and Ihe accounts for the year ended 31 March 2025. The directors of the company fulfil a similar role to that of Trustees of an unincorporated charity and are therefore referred to as 'truslees' throughout this report. LEGAL AND ADMINISTRATIVE INFORMATION The company is a company limited by guarantee and does nol have share capital. The company was incorporated on 24 March 2009 and it was registered as a charity on 15 February 2011. Audltors Regl8tered Office Hazlewoods LLP Windsor House Bayshill Road Chellenham GLSO 3AT Third Floor 95 The Promenade Chellonham GL50 1HH Bankors Solicitors Unity Trust Bank plc 4 Brindley Pla Bimingham 812J8 Wiggin Osbome Fullerlove 95 The Promenade Chellenham GL50 1HH GOVERNANCE AND MANAGEMENT Govornlng do¢umenl The Gloucestershi Gateway Trust I"GGf) is a company wth charitsble objects. which was established using the Charity Commission's model Memorandum and Articles of Association. Trustees The trustees SeIng during the year and since the year end were as follows.. Ms J E White Mr S Pallister Mr M J Simon Ms P Levett Mr R F Allen Bishop R W Springett Ms M Smith Company Secretary Mr l J Simpson Chief Executive Mr M Gale The procedures for the appointment and rernoval of trustees are sel out in the company's Artides of Association.
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S GLOUCESTERSHIRE GATEWAY TRUST DIRECTORS, REPORT GOVERNANCE AND MANAGEMENT (contlnued) Organlsatlonal structure The company5 affairs are managed by a Board of trustees who are drawn from local ommunily-based organisations. grant-making trusts and appropriate business backgrounds. Day to day responsibility for the operation of the company is delegated to thè Chief Executive, Mark Gale. Rlsk management The trustees have a duty lo identify and review the Tisks lo which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees have implemented and maintained an actsve risk register. PRINCIPAL ACTIVITY AND 08JECTIVES Objectives and aims The charitsble objects of GGT include the following objects: The promotion for the benefit of the public of urban or rural regeneration in areas of social and economic depnvats.on {and in particular in Glouce51ershire) by all or any of the following mèans.. the relief of financial hardship the relief of unemployment the advancement of education, training or retraining, particulady among unemployed people, providing unemployed people with work expenence the creation of training and employment opportunities by the provision of workspace. buildings, andlor land for use on favourable terms The promotion for the benefit of the public of the conservation. protection and improvement of the physical and natural environment The advancement of the education of the public in the conservation. prot8CtDn and improvement of the physical and natural environment The promotion of sustainable dévelopment for th8 benefit of the pU1C by- involvement in and support of projects which prioritise the preservation, conservation and the protection of the environment and the prudent use of resources the relief of povety and lh8 improvement of the conditions of life in socially and economically disadvanlaged communities,. and the promotion of sustainable means of achieving economic growth and eneration. (Sustainable development means developmentwhich me8ts the needs of Ihe present without compromising lh8 ability of future generations to meet their own needs)
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S GLOUCESTERSHIRE GATEWAY TRUST DIRECTORS, REPORT PRINCIPAL ACTIVITY AND OBJECTIVES {Contlnued} Objectbves and alms (contlnued) The advanment of the education of the public in subjects relating to sustainable development and the prolection. enhancemenl and rehabililalion of the environment The advancement of educalion The advancement of community development Th8 protection and improvement of the environment The relief of poverty The advancement of public health and saf8ty Any such other obieds and PUTFoses as are exdusively charitsble in accordance with the laws of England and Wales. The trustees confirn thal they have referred to the Charity Commission's guidance on public benefit when Teviewing the Trust's aims and objedives in planning future aclivilies. Publlc Beneflt GGT is focused on tackling disadvantage, wverty. promoling education and sustainable development in Glouceslershire. GGT has community regeneration at ils heart and applies funds received for charitable tenefit to deliver substantial long-temi charitable outputs. Through its unique partnership with Gloucestershire Gateway Limited. the operating company of Gloucester Services. a Motorway Services business located on the M5 in Gloucestershire. the Trust works lo encourage people living in its Target Communities near lo the motoaY lo find jobs al the Services and elsewhere by supporting community enterprise initiatives and providing free pre*mployment training for local people. GGT provides financial and practical support to enable community and economic development activity in Glouceslershire particulady our Target Communities of Matson and Robinswood, While City, Podsmead, Tuffley and Stonehouse, and the surrounding areas in the GL10 postcode The trnjslees confirm that they have complied wth the duty sel out in section 4 of the Charities Act 2006, to have due regard lo the public benefit guidance published by the Charity Commission. REVIEW OF ACTIVITIES 2024125 h8s been a landmarf( year for GGT with the widest most inclusive partnerships supported by the Trust leading and enabling community leadership and ownership of family and young peoples services. The Trusl continues to hold our focus on our target communities of Malson, Robinswood, White City, Podsmead, Tuffley in Gloucester and Stonehouse but enhance the strategic impacl of work we have built a number of 'coalitions of the willing, of community partners and schools to take on key seNices such as Open Access Youth Services and Children and Family Centres across Gloucester and the Forest of Dean.
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S GLOUCESTERSHIRE GATEWAY TRUST DIRECTORS, REPORT REVIEW OF ACTIVITIES (contlnuedl Bottom up resFonses across communities built on the trust and relationships that GGT has long invested in, has enabled changing community responses which will support the long term resilience with our partners working more cohesively than ev8r before. Our Trusts role during this period has remained capacity support to new and existing erkS and coalitnS, whilst also supporting direct practical suppjrt for=. Blackbridge Charitable Community Benefit Society which completed its development of the £6 million Blackbridge Youth Community and Sports Hub. GGT'S long term development support and a commitment to provide £1 (K),000 pèr annum of underwriting for youth activities provision from 2025126 for 4 years until 2028129 enabled the Blackbndge CCBS to secure £6.2 million to cover th8 build and fit out of th8 building work which completed in April 2025. GGT secured and started delivering hvo new major contracts from Gloucestershire County Council to provide open access youth seNices and lo manage and develop nine Children and Family CentS both across the Glouc8sler and Forest of Dean dislricls. The Youth Contract started in October 2024 ar)d the Children and Family Centres Contract started in on 1st April 2025. Resident activity to promot8 wellbeing and mutual suppo Supporting cty wde food strategies whilsl also continuing to invest in practical community food initiatives such as the networks of 'communily food cupboards and freezers,. growing initiatives, emergency shopping vouchers provided through the Household Support Fund and holiday food and activities provision. Providlng leaming and employment opportunities through projects - the SPARK project which GGT manages on behalf of another wide community consorts'um and the development of the Blackbridge Charilable Community Benefit Society based in Podsmead which holds a strong and innovative focus on jobs and training opportunities. As part of our economic and sooal support activity, we have supported community coalitions organising neighbouthood led responses to the challenges they have faced. As part of this process we have developed a partnership vehicle, Gloucestershire Gateway Partnership. lo host resident led initiatives where helpful. We have supported residents in building on their strengths and connections and helping o)mmunilies influence commissioners and other decision makers so that investment in our neighbourhoods is more effective and supports sustainable improvement. Community Resilience In 2024125 each of our 12 core partners received annual Community Development Grants from GGT as part of our commitment lo support them until at least March 2025. The partners receiving this financial SUPFQrt are= _ Malson Rob1nswcd & White City Community Partnétship Read With Me GL4 la cultural development organisation} GL Communities: Fair Shares Timebanks: Play Gloucesletshire., Gloucestershire Wildlife Trust., All Pulling To9elher IAPTI CIC.,
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S GLOUCESTERSHIRE GATEWAY TRUST DIRECTORS, REPORT REVIEW OF AcTIVlEs {conllnuedl Nelson Tnjst Women's Centre Together in Matson The Venture, White City Malson & Robinswooj Residents Group During 2024125 GGT also provided additional one-off support to a bmde range of partners for activities in or nnected to our laiget communities. GGT has also significantly shifted some of our organisatSonal capacity lo support the Podsmead community and help support the new community led organisation. the Blackbridge Charitable Community Benefit Society, which is addressing local public health inequalities, improving Youth servi provision and responding lo residents priorilisation of supporting young people to cate the communities thèy want. A new youth work team has been set up and has started dèlivering detached work and involving young people in the fit out design of the new community building. GGT'S Vrk including our inveslment in our local partner5 has for many years been focused on building local resilience by connecting neighlx)ur to neighbour. supporting community hubs and services and encouraging residents and partners to take the lead in Ic(al plans and activities. These informal connections have made an important contribution lo the resilience of our Communilies. Prlnclpal fundlng source8 Gloucestershire Gateway Twst's wholly owned subsidiary company, Glouceslershire Gateway Trust (Operating) Limited is a sharehdder of Gloucestershire Gateway Limited, the operating company of Gloucester Services. 2024125 saw Gloucesler Servi$ North and Southbound trading activilies continue lo perfomi well and provide substantsal unStriCted fvnds for the work of GGT. This was again GGT'S principal source of unrestricted income during 2024125 has been the receipt of these donations. In 2024125 the Trust also r&ceived an income from count8r collection w)ints al Gloucoster Services, enabling customers to make direcl donations to the work of GGT and ils partners. Finally. GGT could not have had the impact il did in such a challenging period without the support of the Gloucestershire County Council, Gloucester City Council along with many other generous individual and organisalional donations. OUT thanks go lo our community partners for the brilliant jobs they have done and to our funding partners who have slcc#J wlh us in anolher exceptional year. RESERVES POLICY The trustees are mindful that unrestricted reserves are needed to enable the Charitable Company to cover six months, core funding and subsequent redundancy liability of staff together with contingency for early exit grants to existing charity partners. This is to manage any existing partnerships and commitments to a successful conclusion and exit, should the royalty payments from Glouce51ershire Gateway Trust (Operating) Limited significantly reduce or cease for any reason. The trustees, inlents.on is lo ensure a general reserve sufficient lo meet these costs is maintained. The chartty has free reserves at the year end of £454,241.
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S GLOUCESTERSHIRE GATEWAY TRUST DIRECTORS, REPORT ACCOUNTING AND REPORTING RESPONSIBILITIES The directors are responsible for preparing the Directors, Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each finanaal year. Under that law. the directors have elected to prepare the financial statements in aCrdance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Standards and applicable lawl. Under company law, the directors musl not approve ihe finanaal statements unless they are Satisfied that they give a true and fair view of the stale of affairs of the cofflpany and of the profit or loss of the company for that peri¢XI. In preparing thes8 finanThal statements, the directors are required to.. select suitable accounting policies and apply them consistently- • make judgements and estimates that are reasonable and prudent: prepare the financial slalemenls on the going concem basis unless it is inappropriate lo assume Ihat the company will conlinue in business. The directors are responsible for keeping adequate accounting records that are sufficient lo show and explain the company s Iransaclions and disclose wilh reasonable accuracy al any time the financial position of the company and enable them lo ensure that the finanoal statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and delectson offraud and other irregularib'es. This reFQrt has been prepared in accordance with the special provisions relating to small ompanies within Part 15 of the Companies Ad 20L. Mr S Pallist8r- Chairman
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S GLOUCESTERSHIRE GATEWAY TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OpSnlon We have audited the finanal statements of Gloucestershire Gateway Trust lorthe year ended 31 March 2025, which comprise the Charity Statement of Financial Activities, the Charity Balance Sheet and Notes lo the Financial Stalements. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). ThSs report is made solely tothe chadtable company s members. as a body, In accordance wilh Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charitable company s members those matters we are required lo slate to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the company's members as a bc¥Yy, for our audit work, for this report, or for the opinions we have formed. In our opinion the financial statements.. give a true and fair view of the state of th8 charitable wmpanls affairs as at 31 March 2025 of its incoming resources and application of resources. including its income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepl8J Accounting Practice,. and have been prepared in accordance wlh the requirements of ihe Companies Ad 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS (UK}} and applicable law. Our responsibililies under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordan with the ethical requirements that are relevant to our audit of the financial slalements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirement5. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concem We have nothing to report in respect of the following matters in relation to which the ISAS {UK) require us to report to you where.. the directors, use of the going concem basis of accounting in the PreParatn of the financial statements is not appropriate. or the directors have not disclosed in the finanaal ststements any identtfied material uncertainties that may cast significant doubl about the chantable company's ability to continue lo adopt the going concem basis of accounting for a period of al least twelve months from the date when the financial slalements are authonsed for issue. Other Infomiatlon The trustees are responsible for the other Informat. The other information comprises the infomation induded in the annual reFOrt. other than the financial statements and our auditorfs report ihereon. OUT opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance ojnclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other infornalion and. in doing so. consider whether the other InfOallOn is materially inconsistent with the financial statements or our knowledg8 obtained in the audit or otherwise appeats to
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S GLOUCESTERSHIRE GATEWAY TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INDEPENDENT AUDITORS. REPORT TO THE MEMBERS materially misstsled. If we identify suth material inconsistencies or apparent malerral misstatements. we are required to detemine whether there is a material misslatemenl in the financial statements or a material misslatemenl of the other infomiatson. If, based on the work we have p8rfonned, we conclude that there is a material misstatement of this other infonnation, we are required lo report that fact. We have nothing to reFQrt in this regard. Opinion on other matter prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the infomiation given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements.. and the Report of the Trustees have been ppared in accordance with applicable legal requirements. Matters on which we are required to raport by exception In the light of our knowledge and understanding of the charitable 0panY and ils environment obtained in the course of the audit. we have not identified material misslalements In the Report of the Trustees. We have nothing lo report in respect of the following matters where the Companies Act 20C6 requires us to report to you if. in our opinion.. adequate accounting records have not been kept by the parent company. or ieturns adequate for our audit have not been received from branches not visiled by us.. or the Charitable Company financial statements are not in agreement with the accounting records and returns.. or certain disdosures of directors, remuneration specified by law are not made; or we have r)ot received all the infonnation and explanations we require for our audit. Responslbllltles of trustees As explained more fully in the trustee's r8sponsibiliti8S Statement sel out on page 7, the trustees are responsible for the preparation of the finanual statements and for being satisfied that they give a true and fair view, and for such intemal control as the directors determine is necessary lo enable the pparatiOn of financial slalemenls that are free from material misstatement, whether due lo fraud or error. In preparing the financial ststemenls, the trustees a responble for assessing the charitable Company's ability to continue as a going concern. disclosing. as applicable, matters related to going concern and using the going concem basis of accounting unless the directors either intend to liquidate the charitable company or lo cease operations, or have no realistic allemative but to do so. Audltor's responslbllltles for the audlt of the Ilnanclal slatemenls Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstalemenl, whether due lo fraud OT error, and to issue an auditor's report thal includes our opinion. Reasonable assurance is a high level of assuran, but is not a guarantee that an audit conducted in accordan with ISAS IUKI will always detect a material misslalemenl when it exists. Misstatements can arise from fraud or error and are considered mal&rial if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial stslemenls. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.oig.uklaudilorsreswnsibilities. This descriplion foms part of our auditorfs report.
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S GLOUCESTERSHIRE GATEWAY TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INDEPENDENT AUDITORS. REPORT TO THE MEMBERS Extent to whlch the audltor was consldered capable of detectlng Irregularllles. Includlng fraud Owing lo the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected. even though the audit IS properly planning and performed in accordance with the ISA'S (UK). In identifying and assessing risks of material misstatement in iespect of fraud, including irregularities and non-compliance with laws and regulations our procedures induded the following.. We obtained an understanding of the legal and regulatory frameworks applicable lo the charitable company financial statements or that had a fundamental effect on the charitable company s operations. We delermined that the most significant laws and regulations included UK GAAP, UK Companies Act 2006 and Charities Act 2011. We understood how the charitable company is complying with those legal and regulatory frameworks by making inquiries of management. those responsible for legal and compliance procedures. We assessed the susceptibllity of Ihe charitable company's finanoal stslements to material misstalement, including how fraud mighl ¢xcur. Audil proce(lures performed by the engagement team included.. Identifying and assessing the design effeclfveness of controls management has in place to prevent and detect fraud: Understsnding how management consid8red and addressed the Potential for override of controls. Detailed analysis of journals posted through the accounting system during the year to 31 March 2025 has been undertaken", Understanding the controls in place to prevent and delect fraud. Reliance was not placed on controls for the entirety of the audit, instead taking a substants've testing approach, however controls w8r8 in place to prevent fraud and they app8ared to be working effectively. Challenging assumptions and judgements made by management in its significant accounting estimates. Martin Howard (Senior Statutory Auditor) For and on behalf of Hazléwcths LLP. Statutory Auditor Windsor House 8ay5hill Road Cheltenham GL50 3AT 1711212025 Date:.............................
D(Ku$kJn Enwl(¥)a ID.. F2C7E84&7311432F.AF27-8C5781EC4945 STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) for the year ended 31 March 2025 Unrestricted Restri¢ted Total funds funds funds 2025 2025 2025 Unrestri¢ted funds 2024 Reslri¢ted lunds 2024 Total funds 2024 Noto INCOME AND EXPENDITURE Incomlng resources Income 1149 834 1392 434 710069 1097 7TT TOTAL INCOMING RESOURCES 1149 834 1392 434 710069 1097 777 Resources expended Expenditure 953 606 224 615 1 178221 693 395 363 218 1056 613 TOTAL RESOURCES EXPENDED 953 606 224 615 1178221 693 395 363 218 1056 613 NET INCOMING RESOURCES FOR THE YEAR 196.228 17.985 214.213 16,674 24.490 41.164 Transfér between reservés Rgtained for the year 216.701 (2,4881 214,213 46,132 (4,968) 41,164 Accumulated surplus brought forward at beginning of year 427 243 510093 381 111 ACCUMULATED FUND CARRIED FORWARD AT END OF YEAR All actNilies of the company are conlinuing actiwties. there were no acquisitions in the year. There We no COgnised gains or losses other than Ihe surplus for the year shown above. 10-
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S BALANCE SHEET 31 March 2025 2025 2024 Nole FIXED ASSETS Tangible assets Investrnents 43,638 7,948 43,639 7,949 CURRENT ASSETS Cash al bank and in hand Debtors 840,361 83,306 343,362 340,506 923,667 683,868 cREDoRs due wilhin one year 10 (106,252) 154.391) NET CURRENT ASSETS 817,415 629,4TT TOTAL ASSETS LESS CURRENT LIABILITIES 861,054 £637.426 CREDrroRS due after more than one year 11 136,748 127.333 RESERVES Accumulated surplus lunrestrictedl Restricted funds Designated fund 13 13 13 497,880 80,362 146,064 427,243 82.850 Total funds 724,306 510.093 TOTAL FUNDS AND LONG-TERM LIABILITIES 861.054 £637.426 The directors acknowledge their r8sFonsibility for ensuring the company keeps prop8r accounting records which comply with Section 386 of the Act and for preparing financial statements which give a true and fair view of the stale of affairs of the company at the end of the financial year and of ils profit or loss for the financial year in accordance wlh the requirements of Sections 394 and 395, and which otherwise comply with the requirements of the Companies Act 2006 relaling to accounts, so far as applicable lo the company. These financial statements have been prepad in accordance with the special provisions relating to companies subject lo the Small Companies Regime within part 15 of the Companies Act 2006. 1711212025 Approved bythe board forissue on........................ Mr S Pallister- Chaimian
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S CASH FLOW STATEMENT 31 March 2025 2025 2024 Cash flows from operating activities Nel cash provided by operating activilies 542.364 39,759 Cash flows used In Investlng actlvltles Purchase of tangible fixed assets (39,3001 (7.392) Cash usod in invosling activities (39,3001 {7,392} Cash flows from flnanclng actlvltles Interest paid Repayment of borrowng Interest received (9,4161 {9,380) 1119,3971 2,014 3.351 Net cash provlded by l (used In) flnanclng actlvltles (6,0651 1126,7631 Changè In cash and cash equivalents In the year 496,999 (94.396) Cash and cash equivalents broughi foThvard 343.362 437,758 Total cash and cash equlvalents carrSed fonvard 840.361 343.362 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTivrriES Net movement in fijnds 214.213 41,164 Adjustrnents for: Finance incorne Finance cost Depreciation D8creasellincreas8Jn debtors Increase in creditors (3,3511 9.416 3.610 266.616 51.861 (2,014) 9,380 2,882 (53,026} 41,373 Net cash provlded by operatlng actlvlties 542.364 39.759 12
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S NOTES TO THE ACCOUNTS for the yèar ended 31 March 2025 ACCOUNTING POLICIES Basls of preparatlon and assessment of golng concern. The accounts Ifinanaal slalements) have been ppared under the historical cost convention with ilems rewgnised at cost or transaction value unless olhewse Staled in the relevant nolelsl to these accounts. The financial stalemenls have been p pared in accordance with the second edition of the Charib'es Statement of Recommended Praclice issued in October 2019, the Finanual Reporting Stsndard applicable in the United Kingdom and Republic of Iland (FRS 1021 and Ihe Charilies Act 2011. The trust consbtutes a public benefit entity as defined by FRS 102. The Irustees consider that there are no material uncertainties about the Trust's ability to continue as 8 going concem. Judgements The Trustees consider that there are no key areas ofjudgemenl or estimale UnrtaInty to be disclosed in these finanoal statements. Incoming re$our¢os Donations. gifts and legacSes represent amounts received during the year, together with any associated lax refund. Gifts in kind for use by the charity are recognised as incoming resources when receivable at a reasonable estimate of their value. Assets given for distribution are only recognised when distributed. Grants receivable for SpefiC purposes are credited lo the statement of financial activities in the year to which they relate as soon as condition5 for reIpt have been met. Unspent balances are carried forward to subsequent years within reslricled funds. Grants for immediate financial support received against costs previously incurred are recognised immediately ir) the Stslement of Financial Activities. Voluntary income is shown gross before deduction of fvnd-raisin9 expenditure. Resources expended All expendilure is accounted for under the accruals concepl. The irrecoverable element of Value Added Tax is included within the item of expense to which it relates. Funds General unrestricled funds comprise accumulaled surpluses and deficits on general activilies. They are available for use al the discrelion of the Iruslees in furthefance of Ihe charity's objectives. Restricled funds comprise accumulated fvnds which are subject lo specific conditions imposed by the donorlsl- 13
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S NOTES TO THE ACCOUNTS for the year ended 31 March 2025 ACCOUNTING POLICIES (Conllnuedl Cash and cash equivalents Cash and cash equivalents compris8 cash on hand and call deposits, and other short- term highly liquid inveslmenls that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Dopre¢latlon Depreciation is calculaled lo wrile off the cost less eslimaled residual value of tangible assels over their estimated useful lives al the following rates per annum.. Computer 8qLJipm8nl Plant and equipment 33.3Q/o of cost, and are fijlly depreeialed 33.3Q/o of cost Flxed asset Investments Fixed asset investments are staled at historical cost less provision for any diminution in value. Exemptlon from preparlng group accounts The company is part of a small group. The company has taken advantage of the exemption provided by Section 399 of the Companies Ad 2006 and has not prepared group accounts. Going concern The charitable company is meeting its day-lo-day costs from voluntary income and its cash balances. The directors have prepared forecasts that show that, on the basis of this continuing, it will be able to conlinue as a going concern for at least the next twelve months and have therefore prepared the financial slalements on the going concem basis. 14
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S NOTES TO THE ACCOUNTS for the yèar ended 31 March 2025 INCOMING RESOURCES 2025 2024 Unrestri¢ted funds Donations from Gloucestershir8 Gateway Trust {Operalingl Limiled Other donations received Consultancy income Income from Charitable Activities Investment income 794,OC(J 11,205 20,680 320,599 3,351 688,OCrf) 735 19.320 2.014 £1.149,835 £710.069 Restricted funds Household support Thirty Percy SPARK Other restricted funds 32.000 131.374 88.334 48,000 120,000 48,000 162,6C(J £242,600 £387.708 Total income £1,392,435 £1,097,777 15
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S NOTES TO THE ACCOUNTS for the yèar ended 31 March 2025 RESOURCES EXPENDED 2025 2024 Direct charilable - unrnstricted funds Community education and development LcKal event and hospitality costs Growing project costs Employment support New Pilot projects Contribution lo GIouc8Ster Services staff bus Staff costs 327.484 316,335 22,950 16.629 15,929 13,000 6,163 52,912 14.334 21.800 21,600 214.022 151,630 Tolal dlroct charltable- unrestricted funds £617,219 £577,569 Support ¢osls- unrestrlcted funds Rent l uts"lities Legal and professional fees Telephone and postage Office supplies and ststionery Travelling and subsistence expenses Insurance 12,096 24.854 1.857 7,456 4,087 6.112 11,021 12,322 1,513 1,464 3,763 5,910 p 11 Publications and subscriptions Accountancy and bookkeeping fees Training Volunteer expenses Finance charges Bank charg8s Depreciation Staff cost5 678 15.363 336 4,843 9.416 436 3,610 38,798 1,936 15,963 520 3,376 9,380 368 2,882 45,408 Total support costs- unrestricted funds £129.942 £115,826 Induded above is auditors. remuneration of £6,600 plus irrecoverable VAT {2024 - £6,000). 16
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S NOTES TO THE ACCOUNTS for the year ended 31 March 2025 3 RESOURCES EXPENDED (Contlnued) 2025 2024 Costs in respect of othor Charitable Activities Staff costs Office and other supwrt cost Third party provide 20.732 19.078 166.635 Tolal Charrtable Actlvlty expondlture £206.445 Total unrnstrictod funds expenditUTe £953.606 £693.395 Charitabl8 Activities commenced in Odober 2024. During these early months, certain antiupaled costs were delayed. To the extenl Ihat income received during this period was mor6 than costs incurred such resulling surplus has been sel aside as a designated fund, recognising Ihat this underspend will result in higher costs in subsequent periods. As of 31 March 2025, such Designated Funds amount lo £146,064. 17
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S NOTES TO THE ACCOUNTS for the yèar ended 31 March 2025 RESOURCES EXPENDED {Conlinued) 2025 2024 R•strl¢tad Funds Thirty Percy Chanlable payments 1,948 120,007 Total Thirty P•r¢y eXndItUre £1.948 £120.007 Other Restrlcted Funds Other costs incurred within the terms ofthe donation stsff Gosts 141,076 63,805 53.151 48,276 Total other donatlons expendlture £194,227 £112,081 HoUhOld Support Programme Purchases and distribution of food and activily cost 28,440 131.130 Total Household Support expenditure £28,440 £131,130 Total Restrlcted Fund expendlture £224.615 £363.218 Total expendlture £1,178,221 £1.056,613 18
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S NOTES TO THE ACCOUNTS for the yèar ended 31 March 2025 TRANSFER BETWEEN RESERVES Under the temis of certain Grants and Donations, where th8 direct costs incurred are 18SS than the amount received the Grantee or Donor, pem)ils the transfer of such surplus lo Unrestricted funds. Details of such transfers are shown in more detail al note 13 below. TAXATION The company dc*s not trade for profrt,. therefore, no corporation lax liability arises on rts resulls. STAFF COSTS Unrestrlcled funds 2025 Restricted funds 2025 Total funds 2025 Wages and salaries Employer's NICS Payroll charges Recharged by third paty Pension wsls 234,482 20,857 767 6,374 11,072 47,133 3.903 281,615 24,760 767 6,374 13,187 2,115 273,552 53,151 326,703 Unrestrlcted funds Rèstrlctod funds 2024 2024 Total funds 2024 Wages and salaries Employer's NICS Payroll charges Pension cosls 175,139 14,805 531 6,563 43,207 3,512 218,346 18,317 531 8,120 1,557 197,038 48,276 245,314 Stsff costs for Unreslricled Funds have been allocated between Charitable and Support costs depending on the activilies undertaken by the relevant staff member. The averag8 number of persons 8mployed by the charity during the year was.. 2025 No. 2024 No. Unrestricted funds Restricted funds During the year, no employees earned £60.0 or more {2024 -1. 19
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S NOTES TO THE ACCOUNTS for the yèar ended 31 March 2025 TANGIBLE FIXED ASSETS Plant and equlpment Cost At 1 April 2024 Additions 10.830 39,300 At 31 March 2025 50,130 D•preciatlon At 1 Aprll 2024 Depreciation during the year 2.882 3.610 At 31 March 2025 6.492 Net book value At 31 March 2025 £43.638 At 31 March 2024 £ 7.948 All assèts are used for dI¢t charitable purposes and all additions were Èought into use after the period end. INVESTMENTS HELD AS FIXED ASSETS 2025 2024 Shares in group undertakings The company own5 100¥o of the ordinary share capital of Gloucestershire Gateway Trust (Operating} Limited. The profit for the financial period lo 31 March 2025 of Gloucestershire Galeway Trust (Operalingl Limited was £794.000 the aggregate amount of capital and reserves al the end of the period was £326. Gloucestershi Gateway Trust (Operating) Limited has the same re9iStered office as Gloucestershire Galeway Trust. 20-
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S NOTES TO THE ACCOUNTS for the yèar ended 31 March 2025 DEBTORS 2025 2024 Oonalions from Gloucestershi Gateway Trusl Ioperalingl Limited Prepayment Other debtors 76,000 338.OIXI 2,506 4,800 £ 83,3( £ 340.506 10 CREDITORS due In less than one-year 2025 2024 Accruals and deferred income 106,252 54.391 £106,252 £54.391 11 CREDITORS due after more than one-year 2025 2024 Loan from Tudor Trust 136,748 127.333 £136,748 £ 127.333 Repayment of the loan from Tudor Trust Was conditional UFon obtaining planning pernission to proceed with the Motorway Service Area. Total repayments are dependent on future cash flows arising from the SeNice Area. The value of the liability has been detemined by use of a discounted cash flow modèl for which the key inputs are the estimated future cashflows and the rate al these are discounted. A discount rate of 7.39Y. ha5 been determined laking into accounl various factors includin9 duration of Ihe agreement and a benchmark risk free rate. 12 LIMITED LIABILITY STATUS The company Is limited by guarantee. 21
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S NOTES TO THE ACCOUNTS for the yèar ended 31 March 2025 13 FUNDS Unrestricted funds 2025 Restricled Designated funds funds 2025 2025 Total funds 2025 Balan brought fotward Surplus for Ihe year Transfers 427.243 196,228 (125,5911 82.850 17.985 120.4731 510,093 214,213 146.064 £497.880 £80.362 £ 146.064 £724,306 Unrestrlcted funds 2024 Restrlcted funds 2024 Deslgnated Total funds funds 2024 2024 Balance brought forward Surplus for the year Transfers 381,111 16.674 29.458 87.818 24.490 129.4581 468,929 41,164 £427,243 £82,850 £510,093 As set out al note 3 above, other Charitable Activities commenced during the year. To the that il is intended that costs will be inCued bul such costs had nol been contracted for al the end of the period, the amount of such intènded cost is induded as transferred from Unrèstricted funds to Designated Funds. 22-
DrKkJn En¥el(w ID.. F7E845-7311432FthF27c5781Ec494S NOTES TO THE ACCOUNTS for the year ended 31 March 2025 Analysls of Restrlcted Fund Movements Balance 1st Aprll 2024 Balance 31 March 2025 Incomlng Resources Transfer lo resources expended Unrestrlcted Thirty Perw HotsFQt Alliance SPARK Household Support Programme Mulliply Project GCC support for Charilable Aclivity 14.750 36,000 11,9481 164,0001 12,802 48,000 120.000} 24.000 8,100 32,000 112,600 128,4401 1120,2271 110,0001 27,560 1473} 50,000 40,000 £82.850 242,600 1224,6151 120.473) £80.362 As explained further in Note 4. certain costs were transferred from restricted to unrestrided funds dunng the year. 14 RELATED PARTY TRANSACTIONS There were no related paty Iransadions in the year 10 31 March 2025. 15 TRUSTEES, EXPENSES No Trustee received or waived any emoluments during the year and the company paid expenses of £nil (2024.. £nill to ils trustees. 16 OPERATING LEASE COMMITMENTS The total of future minimum lease payments is as follows.. 2025 2024 Not later than one year 6,533 6,533 Later than one year and not laler than five years 6,533 6,533 The amount of non-cane*llable operating lease payments recognised as an expense during Ihe year was £6,53312023 - £6,533). 23-