ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021 GATEWAY WATERSIDE (Charltable Incorporated Organisatlon) CHARITY REGISTRATION No. 1143971 Independent Examiners Ltd 2 Broadbridge Business Centre Oelling Lane Bosham West Sussex POI8 8NF
GATEWAY WATERSIDE {CIIARITABLE INCOftPOXATED ORGANLSAT1014 CONYENTS Page 3 Le¢al and Adrnln151rallve Informatlon Pa9e4tDS Trustees. Report Paoe 6 Stalemefit of Flnanclal ActIvIt5 Page 7 Balance Sheet Page5 8 to IJ Notes lo the Flnandèl Siatem2nts Page J4 IndepEndent Examlnevs Roport
GATEWAY WATERSIDE {CHAAITAOLE INCORPOMATED ORGANXSATJON) LEGAL AND ADMINisfRATfVE INFORMATION CHARITY NVMBFR 1143971 LEGAL STATUS Chèr7tae Ifjtorporatgd Qrganlsatknn STAMY OF FINANCIAL YEAR 1st Aprtl 202D END OF PINANCIAL YEAR 31st Nèrch 2021 DIRecTORS AT 31ST MARCH 2021 Or Sharon Nelllnos Icl*lrperstsnl Mr Davld Norbury Mis Sandrt Wlhlttaker Mr Anihony HoddÈr Mr Andrew Clarke Mr Nathan Hussey lappolnted IB January 2D211 CHURCH LEADER5 Mr. Tim Lockwood (Church Leoderl Mrs Dannl Lod(wood (Overseer) MrTony Hodder (Overseer) Mr Seèn Cullen (Overseer) Mrs Dawn Cullen (Overseer} Mr Brian Perry (Overgeerl Mrs Melanie Perry Ioverseerl GOVERW114G DO¢VMENT CIO- Foundatlon Converslon dated 4th Mèrch. 2020 QBJFCTS (A) TO AOVANCE THE CHRISTIAN FAtrM IN ACCOROANCE wrtH THE STATEMENT OF BELIEFS TN THE SCHEDULE EREfo ATtACHED IN PARTS OF HAMPSHIRE, THE VNtrED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK Flr. IBI TO RELIEVE PERSONS WHO ARE IN COI4IDITIONS OF NEEO, FINANCIAL HARDSHIP OR SICKNESS AND WHO MAY BE AGED AND TO RELIEVE THE OI>tRESS CAUSED THEREBY IN THE SAID LOCATJON ANO IN SUCH OTER PARTS OF TWE UNftED KINGDOM OR ThE WORLD A5 THE TRUSTEES MAY FROM T]ME TO TIME THINK FIT. {C) TO AOVANCE EOUCATIUN ON THE BASIS OF CHRISTIAN PRINCIPLES IN THE SAID LOCATION AND IN SUCH OTHER PARTS OF TAE UNED KINGDOM OR THE WORLO AS THE TRUSTEES MAY FROM T]ME TO T]NE THINK FIT.. (D) TO PROVIOE OR ASSIST IN THE PROV]SION OF FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION OR OTHER LEISURE TINE OCCUPATION OF TNOIVIDUALS WHO HAVE NEED OF SUCH FACILlnES BY REASON OF THEIft YOUTH, AGE, INFJAMITr OR DISABILif¢, FINANCIAL HARDSlfIP OR SOCIAL CIRCVMSTAf4CES WITH THE OBJEC[ OF TMPROVING THEIR cof4DITIONS OF LIFE. REGISTERED ADDRESS l Badgers Walk gtsuthBmpto S040 2T PRIMARY BANKERS HSBC Bank PIC 4S Commetclèl Road Souihampthn S040 3Am INDEPEP40ENT EXAMINER Independent Examlners Ltd 2 Broadbrldge Buslness Centre Bosham West Sussex P018 8NF
GATEWAY WATERSIDE (CHARITABLE INCORPORATED ORGANISATION)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021
This is the annual report for Gateway Waterside (previously known as New Forest Community Church), Registered charity no. 1143971, a Charitable Incorporated Organisation. This report covers the period from 1st April 2020 to 31st March 2021.
The objectives of the trust are advancement of the Christian Faith, including worship, preaching of the Christian Gospel, the pastoral care of Christian people, and providing relief to persons who are in need.
Gateway Waterside has fulfilled its objectives through a range of activities. These include weekly public meetings, small group gatherings for Christian discipleship, teaching, training, and supporting people with specific interests to pursue opportunities for ministry at home and abroad.
Staff Receiving a Salary
To further the objectives of the charity there are two employed members of staff. The Church minister Tim Lockwood and the Administrator Samantha Gough, both are employed on a part time basis. No employees receive over £60,000.
Activities
This has been a very difficult year for the charity as like the rest of the world it has had to deal with the COVID pandemic. This resulted in the charity following Government guidelines and closing all public meeting spaces. The charity therefore had to adapt and look at new ways to fulfill its objectives to the christian and local community and look at proactive approaches in looking at ways in which it could help the community during this difficult year.
The result was that home services were done each week and broadcast live on Facebook. People in the community could join the live broadcast and use the comment feature to send their greetings and thoughts. This proved very popular with those broadcasts often getting in excess of 300 views. Zoom was also used extensively to help to facilitate smaller gatherings as well as providing much needed one to one interaction.
The charity also commissioned Isolation packs for families whose children were isolating from school in the local community. This idea was adopted by a number of other churches. These included activity items as well as reading material and puzzles. Over the lockdowns people within the community who were on their own or were classed as vulnerable were regularly visited and communicated with from outside their homes and within the Government guidelines and shopping and medication drops were arranged to help them in a practical way as well as in a social way. This also included providing cooked meals where appropriate and safe to do so.
Over Christmas the charity put on a special open air Christmas event for the community at Sunnyfields farm which was fully risk assessed and in line with Government guidelines. During this event many local families attended in a socially distanced way and candles were held as we remembered the previous year and prayed for the new year. Numbers were not taken for this event but it was estimated at around 200.
Gateway also continued to support "Christians Against Poverty" (CAP), by providing a local CAP Centre with Tony Hodder as centre manager for Marchwood and District. CAP Is a registered charity which provides support for people in debt. Tony Hodder, together with other church members, obtains Information from potential clients, which allows CAP to generate a plan for debt repayment or, if this is not sustainable, an appropriate form of insolvency. Local church members continue to provide support to clients as they progress to becoming debt free, with several clients successfully completing the process & becoming debt free. Due to pandemic phone calls and zoom meetings were arranged and used.
Church members also supported local food banks, with regular collections of food. We also supported “The Crossings” which is a charity that works in helping people who have accommodation needs. This includes the homeless as well as those having to “sofa surf”. The crossings provide a safe access point for advice and mediation. The church financially gives to this project as well as the Manager and some trustees being members of Gateway Waterside.
The church also supported mission work in Kenya which has continued through the year. Gateway Waterside actively supports the Salem orphanage for about 100 children, located in Bondo on the shore of Lake Victoria, 50 miles west of Kisumu. Andy & Sam Clarke liaise with the orphanage through Phoebe Onyango the head of the orphanage.
The church also supports work of the Mission Aviation Fellowship (MAF) in Papua New Guinea by giving financial support to a family closely connected to the church. Over this financial year, support was given for initial training of this family before their relocation to begin work in finance and teaching. The start of their work in Papua New Guinea was delayed due to the COVID situation.
Financially the charity received less income than the previous year, however reserves still remain in a very healthy position. The trustees also agreed to invest some of the reserves. This included the building fund as well as some of the unrestricted reserves. (Details seen on the balance sheet). These investments were ethically invested in line with the charity's values including investing into a social housing charity called Green Pastures that provides accommodation for the homeless. These investments performed well over the year and helped to balance the decline in general income.
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GATEWAY WATERSIDE {CHARITABLE INCORPORATED ORGANTSATION) REPORT OF THE TRUSTEES{CoTrtlnvedl FOR THE YEAR ENDED 31ST MARCH 2ts21 Re5ePVes Pollcv The Tru5tees' polity for Ilnonclal reseryes is to maintaln sulflcleDI funds lo rneet conlraclual obllgatlQn5 EmplTryees and olher5 to ensure that there aTr adeouate level tsf Working CBpitèl tts tover fluctuètlons In lThcorne levels. As shown In the balance sheet, the remah5 In a h?althy IIDanual posi0 wllh gaad tash reserv In plate. The Trustees are Convlnced thal the charlty wlll iontlnue to be able to meet Its Oblectlves advance the Chrtstlah F&th, to prtsde Wètt01 SllPPDrl In local and overseas communkles. Trusiees, iiesponslbllltles The ChJrSlles Act 2011 require. the truslel lo prepare financibl statements for each financial year which olve a true and ralr View of the 5tatÈ of affalr5 of the CIO and Df the s1v5 of the CIO lor thil perknd. In preparing th0 financlal statements the trustees Bre requlred to.. select 5uStablo accountlng polldes and Ihen apply them tortsistently., b) make Judgem¢nt5 e5timate5 thal are rea59nablE and prudent., prere the flnarKlal statement5 on the gng concern b¥sls unle65 tt Is 1Trgpproprlate tD fhal th8 The trtee% are rESPOhSible for keeping proper account1ng records. which dlsdose wllh reasOnae accvrocy at any ilme the finaTrclal posSlloD of the Clo. They are also responslble for 53fe9u?rdin9 the 455els of thE CIO artd hen¢e for takin Approved by thE Twstees tsn the......................................................... January. 2022................................................................................. S*ned on thelr behJlf by Trustee...................... PdTrred Name.. Dr Sharon MellSn95 {Ch&lr ofGJleway waterSe Trustees)
GAYEWAY WAYERSIDE <CHARITABLE INCORPOMATED QRfjANX$ATIQN) STATEMENT OF FINApicif4L ACTIVITIES FOR THE YEAR ENDED 3XST MARCH 2021 (In¢orporatln9 Incomè & Expèndltuté Account) Unre5trlttEd ke5trfcled Funds Funds YOTAL 2020121 YOYAL 2019120 Noles INCOMING RESOURces In¢omlng Res0£¢5 From Gemerated Fyb)ds DonatlOn5 & Legacle5 49,611 49,611 68.064 arltatrde Attlvltles 3b I,S45 1,54S 1,6S3 Inveslment IncDme 356 356 733 Other IDcorn1ng Re50urces 3d 19 J9 165 TOTAL INCOMING RESOVRCES RESOURCES EXPENDED Cost of GenerJiin9 Fundg sts ol tharbt3b ActSYltle5 S4,146 S4,146 65.07? Governance Costs 4b 5,807 5,807 4,620 TOTAL RESOURCES EXPÉt4DED NET INCOMII4GI(OVTG0114GJ RESOURCES 18.4231 18.4211 938 Yotèl Funds Brought Foard 71.569 66,6LO 138,179 137,241 Transfers 8elweeD Fund5 YOYAL FIJNDS CARRIED FORWARD Movements on all rtterves arKI all recwnlsed galns and IrpSses are shown above. All of the chJrSly'S operations are cLa55ed a* tOnUnu1ng. The note5 on pages 8 to 13 form part of these financlal statements.
GATEWAY WATERSIDE (CHARITABLE INtORPOAATED I)RGANISATION) BALAWCE SHEET AS AT 31ST MAIiCH 2020 Unreslrlrted Re5trlcled 31-Mar.21 31-Mar-20 Funds Funds TotTrl Tvtèl Flxèd ASget$ Tanglble Assets 1,954 1,9S4 2.214 Current Assets Debtors & Prepayments Cash at Bank and In Hand 33,629 30,336 32,629 96.946 10,616 128,020 66.6J Ttstal Curreilt Assets 62.96 29 Credltors.. due QDe yèar 1.772 1.772 2.682 NET CURRENT AsseTS 61,193 66,610 127,803 135,965 TOTAL ASSETS le5$ turteni Ilabllllles 63,147 fj6.610 129.757 138, 79 NEf ASSETS ,75 ,17 Funds of the Charlty General Fund5 63,147 63,147 66,610 71,569 66,610 66,610 fj6.610 129 7S7 138,179 Approved by the TDJstee5 OTr the. - January 2022 Slled on thr behalf by Trustee prtnttd trlame.. Ur Sharon Melllngs
GATEWAY WATERSIDE {CHAJUTABLE INCORPORATED ORGANISATION) NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR 31ST MARCH 202A I. ACCOLINYING POLfcxES Basls èl PrepBratlor & A59ES$mEht of Going Con¢er 8asls ol Pyeparaiiob Thp. Ilnanclal staiemenis have been prepared under the hlsiorlcal cost conventlon wlth Iteffls reco9nlsed at cosi or trènSaitlDn value un1e55 Dth@rwSse statEd the relEvant notes. The nn3nclal 5t3tÈments have been prepared In ccordance wllli ihe Statement of Recommended Praciice.. Accounlkng and ReportSng by Charltles preparlny ¢helr aCtDnts In accordante with the Flnanrial Reportlng Standard 8pplkablE In the UK 6rtd kepubllc Df IrEland IFkS1021 {elfeciiYe l Jènuary 2015}- Ichèrltles SORP- FR5102) and the Chaill$ Aci 2011. The Charfly meets the defjnyclon of a wbllc benefit enllty under FRS102. Assets ?n¢ Ilabllllies we llllllglly reco9nI5ed at hlslorScol cost unle95 Oiherwlse staled Sn the relevant accountln9 pollcy ntstes. A¢s$ent of Golng Concem Prepa¥atlon Df the accounts Is on o golng concern bas15. The iruslees conslder thoi there are no mèierfol vncertalnties boul the Charlty's alwllty to fDnbnue a5 a going ctsniÈrn. Incomlmg Re$ource5 Recognltlon olXncomlftk7 Resources These are Included In ihe Statement of Hhancial ActIvleS (SOFA) when.. thE charlty become5 enlSlled lo Ihe re50urces.' the ifvstees are vlrtvally certaln they wiii recelve the resources.. and the rnonetary value can be measured vAth suffic4ent rellabilily Resotsrte$ wlth Relèted Exptndlture Where incornlng resources have related expendllure las wlth fundr01ng or contrKt IoMe1 the hicomln9 resource and relateo expendliure ère reported gross In the SOFA. Grants and Oonatlons Grants and Donètlons are only Included In the SOfA when the charity has UncondOnal entltlement to the resources. Tax Reclalms on DoTratlons Glfts In¢ornlng resources from tax reclmS are Included Sn the 50FA at the sème Ilme as the 91ft to whlch they ree. CLVJtractuallncome Perrfornionco Rplaled Grants Thls 15 only Included In the 50FA onte the related gDodg or servltès has been dellvÈfed. Gllts In Klnd Gllts lft klnd are accounthd ftsr bt 3 reasonable estlmaie of thelr value tts Ihe charfly Dr the èmouni atiually reèllsed. Gllls klhd for Use by the chèrlty are IncludEd In the SOFA as Incomlng resour(E5 when rE£dvable. DOated Servlcès ad Facllltlos These are Dnly Included In Incomlng resource5 Iwlth an Equlvalent amouDt In re50urce5 expendertl where the beneflt lo the charity Is reasombly quèntlfiable, meèSurable and maleHal. The value plated on these rèsources Is the Èstlmated value ta the charity r Ihe Service or falitY received. Volunteer Il*lp The value tsl èny voluntèry help retelved 15 not Induded In the èc(ounts but1s destrlbed in the tru5tÈey' anntsèl repDrt. Thls Is Included In the accounts when recebvèble. Investment Galns and Losses Thls intluded èny 4ain or 105% on ihe Sak ol Investments ènd any gèln Or $$ ultIng frotn revgluiTrg inve5ttnents t(> mhrkol vglue at the end of yeJr.
GATEWAY WATERSIDE (CHARITABLE RNCORPOAATED ORGAPéISATION> NOTES TO THE FIP4ANCXAL SYATÉMENTS (Cottiinuedl FOR THE YEAR ENDED 31ST NARCH 2021 I. ACCOUNTING POLICIES (Conllnuedl Expehdlture and Llabllltles Llablllty Recogrtltlo Ll6bllitSe5 are recugnlsed as Soon a5 there Is J legol or conslrucllve obllgaM¢n comrrlttlng the to poy out r¢soufces. Governance Costs ny legèl advice lo Irustees on goverDance or con5titutlonal mitters. Grartts wlth Pwlormaspce ¢ondAfJons Wh8ro the charlty gIVe5 è grèrnt with condIons lor ¥ent bein9 a speclfic level ol serylce or outwt ro be provldEd, such 9faDts are only recogn15ed In th@ SOFA onco the reclplent of tha grant ha5 pfD¥ldÈd the setvke or output. Grants Payable wlthpvt Perfornyance Condltlons These ère only recognlsed In the accounts when a commllment hos been made and there are no coDditlvns tp be met relating to a 9rJTrt which remain in coThtr ol the chirfty. Support Costs Support C05¢5 Indude centrgl fvDction5 have been alktèted to atlbAty cost categorles on è basls CDnslstent wlth the use of the resources, e9 all(atIng propth costs by noDr areas, or pgr t4plt81 ernod, staff costs by the JMÈ spent d Dther costs by their usa9e. xed Asots Tanglble fixed èssets lor use by the chartty, Ihese are capira15sed If they be used for ¢hgD on@ ye8r, 3nd c051 at least El,000. They are valuEd al CDSt or, 11 g1ft@d, at the value tr> the charity on recelpt. znvestmettts lTrve5tments quoted on a recDgnised Stock ExchaDge are valvtd •t market value at the year end. (Xher Investment assets re Included at try5tee5' best esiimate of market Value. Thertr ha5 been Tho thanoe tts the accountln9 wllcles Ivaluatlon rules and rnethods ofac<Duntln9) 55nre last year. Depreclatlon Expense Depreclation has been talculated on a reduclng balance basls. The rates applled per year are as fDlbws'. Equlpmonl 25 computer Eoulpment 25 2. TANGIBLE FIXED ASSETS Total 2020121 Equlpment Eoulpment 01-Apr-20 2,656 320 2,656 32D 05t 8t 31-Mar-21 DepTeciatbn Chèrge DeprÉclaln at Dl-Apr-20 442 58fj 1.022 442 5$0 31-Mar-21 Net 8ook Value et 800k value 3J-M3r-21 31-Nar-20 1,954 The anntsèl tommltmenis under non-cancelllng operatlng leases. capllal comrnltmenls, Contlngent LIabSIlI@s aré as 315l March 2021.. None 31st Mèrch 2020.. Mone
GATEWAY WATERSIDE (CHARIYAEILE INCORPORATED ORGANE5ATEONI NOTES TO TtrIE FINANCIAL STATEMENTS {Contlnuod) FORIHE VEAR ENDFD 31ST MARCH 1021 3. I>JCOMING RESOURCES YOTAL 2020121 TOTAL 2019120 Funds Funds Note ) Dorthptions & LegBcies 29,215 7.665 29,215 7,665 12,731 49,611 40,287 19.393 8,404 68.OB4 Tax Recoverable Glfts, Tkhes & Ollerkngs 49,611 b) Charitable ActlVll5 Mlnlstry EveThls S3lem Orphana9e CAP 7SO 795 75D 795 B30 B23 cl Encomè 356 356 733 d) Other Rq8oufcég Sundry Income 19 19 165 10
GATEWAY WATERSIDE {CHARITABLE INCORPORATED ORGAf4IsATION) NOTES YO THE FINA14CIAL STATEMENTS {ContStyued) FOR THE YEAR ENDEP 31ST MARCH 3021 4. Resources Exponded Unrestrtcted Re5trl¢ted Funds Funds TOTAL 2020121 TOTAL 2D1912 al tosts of ChBfitDblÈ A<tl¥ltles AdmInIstrate Expenses Advertlslng and Publlclty CAP ConlErenEE Costs DÈtyeciatiOn Exptnse Equlpmeni Costs Caterlng Costs GSfts- Mln151ry Glfts- Olher H911 Hlre Outreath Ucense & subScpilns e43 I,E34 6,ODD 508 580 95 1,533 2,723 6,543 980 442 I,B34 6,DOD 508 58Q 95 807 1,845 2,654 4,400 S24 348 i.ooD 229 $00 1,200 393 35,411 143 462 947 54 79 947 54 79 341 444 38E 2,585 1,200 391 36,601 341 444 382 2.58S 1,200 391 36,601 Salem Orphanage Salt & Lkjht Software staff Cost5 Subslsience Sunday Costs Sundry Expense5 Telephone Costs The Ytyth & Children TralnlThg Travel Costs or5hlp & PA 686 688 78 465 78 46S 287 1.135 32 32 623 331 ) GovqrnJDc• Costs AccouDt4ncy bJnk Charges Insurance lTrdependeni Examlners Fee Legal and Prolesslonal Fees 4,224 4,224 1,906 28 731 870 554 900 129 554 900 129
GATEWAY WATERSIDE {CHAftETABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENYS (Contlnued) Foli YHE YEAR ENDED 31ST MARCII 2021 5. PFSTRICTED FU14DS Balance 31-Mar-21 Ql-Apr-20 Intome Tr6n51erS Bulldkn9 Fund 66,6JO 66,610 .610 ID Bulldlng Fund- Plans hav2 cotnmeDced for the orgaDlsaUon to seek a bullding ol Itg own, and to thlg ÈffÈtt a Bulldlng Fund hèd been opened lo set èslde resources to ensure that thls could be realised. Restrlcted lunds a reptssented by cash reserves hÈld by the Charlty. The Fiestrlrted fUrS In deficlt are classed as onllnued operaiion5 aDd wlll be replen5shed In the comlD9 flnanckl period. 6. CASH AT BANK AND IN HAND Unreslrlcted Fund Re5trfctod Total 31-Maf-Zl 3X-Mar-20 Cash èt bank and lrn Hand 30,336 66,610 96.946 128,030 30,3 7. DeB70RS & PREPAYMENTS iknre5trlcled Fund Re*rfcted Fvnd Tptjl Tolal 31-Mar-21 31-MgT.20 GKt Alrt Tèx Kecoverèble Green Postures Loan Stock Sundry Debtors 7,629 25,000 7,629 25,000 10,279 337 29 2.629 0.61 8. CREDITORST AMOVNTS FALLING DUE WITHIN ONE YEAR Unre5trtcted Fur Restrfcted Fund Totbl Total 31-MaY-21 31-M•r-20 IndependeDt Exarnlners fees NES[ Sundry Credltot5 900 900 870 205 1,606 660 660 12
GATEWAY WATERSIDE (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (Cohtlnuedl FOR TtrIE YEAR ENDED 31ST MARCH 2021 9. STAFF COSTS AND NiIMBERS 20191111 Grc*SS Wages & Salèries EMpYer.$ Nètlonal Insurance Costs Penslon CDntrlbJiioD5 3S,S35 34,349 1,068 1.063 Employees who were engaged In each of the lolfowlng acllvltles.. 2020121 TOTAL 2019120 TOTAL Acuvlties In furtherantÈ Df organigatn's objects The Iharlty OPETates a PAYE 5thernÈ to PBV all Èm0yrd membvr5 ol staff and nD ernployee5 retÈlved emolument5 In excess £60,000 {2019120'. None). 10. RECONCILIAYION OF MOVEMENT Ort eApITAL AND RESEAVES As a CharIt4e Incorporat Oryanlsatlon the Charlty 15 reg15tered wlth the Ch?rSty number IL43971. The Charliy does not have a Share capltal ènd has no Income subject to Corporauon Tax. 2020121 2019120 Suiplusl Dendt for the ftnantial peri {8,422} 938 938 Balance 8Touphl Forward 138,179 137,241 aoslw Fund5 8t 3151 March 2021 11. PAYMENTS TO DIREcfoRS & RELATEP PARTIES No payment5 were made to Trustees or any persoD5 Connected wlth them durlng Ihls fjnaTrdal perlod. No mèterlal transaction took place between the thèrkty and the Trustees or any person tonnecied with them. 12. RISK ASSESSMENT The frusteE5 acliveiy rÈView the major ri5k5 Whlch Ihe charity face5 on 4 re9Ular b515 gnd belleye that m8lntalDln9 the free reserves Stated comblned the annual revlew of the controL4 Dver key flnanclol system5 carrled out on èll onnual ba5 wlll provlde 5uf15cient re5Durces in thE event of adverse condition5. The Tru5tee5 haYE also examined other operational and buslne55 risks which they 18¢e and confirm thèt th¢y havo cstebllshed 5y5tem5 to mltlpatQ Ihe slonSfkènt rtsks. 13. ResERVES POLICY ThÈ Trust récDgnlses the proprtéty al nt>t buSldlng vp fuDds for wh therE 15 no clear expendllure plans. The Trust's p1(Y ts to allo reserves lo accrue to a level off three moTrths' average expendlture, plus funds whlch be earmarked for speriC prDJect5 in the future. As the frust 15 Stlll grDwlngJ re5Eryes rnay Dnly eKreEd this PDllcy levEI In order ID be aWe ID respond posltlvely to new opportvnltles, Thls 55luallon is actlvely monllored ID ensure that reseryes do Trot bulld p unnece55arily. 14. PUBLIC BeNEFIT The CIO acknowledges Ils requlrement to demonstrate clearly that It must have tharltable purposes or'alms. that are lor the publlc benent. D&taI15 DI hDw th@ charlty has achleved th are provlded In the Trustees report. The Tru5teos (Dnfir that Ihey have paStl due regard to the Ch3rlty Comrnlsslon guldèn on publlc beDeflt belore decldlng what actlvllle5 the chad%Y s)uld Undertake. 13
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
Report to the trustees/members of Gateway Waterside on the accounts for the year ended 31st March 2021 set out on pages 6 to 13.
Respective responsibilities of trustees and examiner
The Charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The trustees are satisfied that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. As a consequence, the trustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the charity is not subject to audit, and is eligible for independent examination, it is my responsibility to:-
a) examine the accounts under section 145 of the Act;
b) to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act; and;
c) to state whether particular matters have come to my attention.
Basis of independent examiner's statement
I conducted my examination in accordance with the General Directions given by the Charity Commissioners for England & Wales in relation to the conducting of an independent examination, referred to above. An independent examination includes a review of the accounting records kept by the Charity and of the accounting systems employed by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of the Charities legislation and that the financial statements comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.
The procedures undertaken do not provide all the evidence that would be required in an audit and information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
Independent examiner's statement
In the course of my examination, no matter has come to my attention:
- which gives me reasonable cause to believe that in, any material respect, the trustees requirements:
· to keep accounting records in accordance with section 130 of the Charities Act; and
· to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
Date: 26th January, 2022
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