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2025-12-31-accounts

Trustees' Report and Unaudited Accounts

31 December 2025

Sievemk Gateway Ltd Contents

Pages
Trustees'AnnualReport 2
IndependentExaminer'sReport 7
Statement of FinancialActivities 8
SummaryIncomeandExpenditure Account 9
BalanceSheet 10
Statement ofCashflows 11
Notesto the Accounts 12 to 20
DetailedStatement of FinancialActivities 21 to 23

Page 1

Sievemk Gateway Ltd Trustees Annual Report

Registered Company number

07886477(England and Wales)

Registered Charity number

1146451

599 Avebury Boulevard Milton Keynes. Buckinghamshire. MK9 3HR

Trustees

Miss Kerrie Bradburn Mrs J A Gilzene Mr Stuart Burke (Chair)

Accountants/Independent examiner

Tolulope Fasanya Anchor Business SoluUons Limited Units 1-24 Acorn House 351-397 Midsummer Boulevard Milton Keynes. MK9 3HP

Bankers

NatWest Bank 501 Silbury Boulevard Saxon Gate East Milton Keynes. MK9 3ER

Metro Bank

One Southampton Row London. WC1B 5HA

Page 2

Sievemk Gateway Ltd Trustees Annual Report

SIEVEMK Gateway Ltd

Report of the Trustees for the year ended 31st December 2025

OBJECTIVES AND ACTIVITIES

Mission, Vision, Values and Principles

Our mission remains to provide an educaUonal gateway through which our community is inspired, mentored and empowered. Our vision conUnues to guide our work by enabling every member of the community to realise their full potenUal. We uphold the values of Hope, Inclusiveness, Partnerships, PosiUve CommunicaUon, InnovaUon and Excellence.

Our AcOviOes

We conUnue to tackle educaUonal underachievement, parUcularly among Black, Asian and Minority Ethnic (BAME) young people and other disadvantaged learners, through accessible and affordable programmes that help individuals gain qualificaUons, confidence and employability skills.

Our Scholars Programme remains central to this work, idenUfying and supporUng high-potenUal students through mentoring, enrichment acUviUes and academic guidance to nurture aspiraUon and achievement.

Working in partnership with schools, businesses, local authoriUes and community organisaUons, we address barriers such as language challenges, limited role models, low aspiraUon and restricted exposure to career opportuniUes.

development. Together, we conUnue to Create OpportuniUes, Deliver Excellence and Change Lives.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

SMK Gateway is a company limited by guarantee, incorporated on 19 December 2011 and registered as a charity with the Charity Commission under the Memorandum and ArUcles of AssociaUon dated 13 March 2012.

Appointment of Trustees

Trustees are selected for their experience, professional experUse and commitment to the charity's objecUves. ProspecUve trustees are interviewed by the Board and formally appointed following approval by the exisUng trustees.

Trustee InducOon and Training

New trustees are provided with informaUon on the charity's governing documents, strategic plans, financial posiUon, safeguarding arrangements and legal responsibiliUes. Trustees are encouraged to aeend appropriate training to strengthen their effecUveness.

OrganisaOon

The Board of Trustees meets regularly and delegates day-to-day management to the Chief ExecuUve Officer, who oversees finance, staffing, programme delivery and performance monitoring. Trustees maintain oversight of governance, strategy, safeguarding, finance, human resources and public relaUons.

Page 3

Sievemk Gateway Ltd Trustees Annual Report

Risk Management

The charity maintains a comprehensive risk register and undertakes regular risk assessments covering operaUonal, financial and safeguarding maeers. MiUgaUon measures are reviewed periodically to ensure that risks are effecUvely managed.

SMK Gateway's acUviUes are directed towards improving educaUonal aeainment, employability and life chances for children, young people and adults in Milton Keynes and beyond, in accordance with the charity's objecUves.

ACHIEVEMENTS AND PERFORMANCE 2025

A Year of Strategic Progress, Partnerships and New Opportuni9es

In its eighteenth year of operaUon, SMK Gateway conUnued to strengthen its posiUon as one of Milton Keynes' leading educaUonal chariUes, delivering high-quality tuiUon, mentoring, examinaUon services and community-based programmes that transform lives.

During the year, the charity consolidated its core provision in mathemaUcs, English, science and employability support while responding to increasing demand from families, schools and local authoriUes. Our commitment to academic excellence, safeguarding and innovaUon enabled us to broaden our reach and deepen our impact across the community.

as the Mayor of Milton Keynes' Charity of the Year for 2024/2025. This recogniUon increased public awareness, strengthened partnerships and contributed significantly to fundraising efforts in support of our long-term ambiUon to secure a permanent home.

From incepUon to 31 December 2025, SMK Gateway has delivered the following cumulaUve impact:

Delivered over 25,000 hours of teaching and mentoring.

Supported more than 3,900 learners across all age groups.

Enabled over 8,200 adults and young people to sit professional and academic examinaUons through our accredited examinaUon centre.

Provided employability coaching and career guidance to more than 500 individuals.

Secured over £250,000 in grants and programme funding to support educaUonal and community iniUaUves.

PROGRAMMES THAT CHANGE LIVES

Tutoring and Mentoring

We conUnued to provide one-to-one and group tuiUon in mathemaUcs, English and science, helping learners improve aeainment, confidence and study skills.

Scholars Programme

Our Scholars Programme supported high-achieving students with mentoring, scholarship applicaUons and access to presUgious boarding school opportuniUes.

Page 4

Sievemk Gateway Ltd Trustees Annual Report

Professional and Academic ExaminaUons

GCE, FuncUonal Skills, AAT and other qualificaUons. AddiUonal invigilators were recruited and trained to support the ExaminaUons Officer and ensure conUnued compliance with Joint Council for QualificaUons requirements.

SEND and EHCP Support

Demand for support for children with Special EducaUonal Needs and EducaUon, Health and Care Plans conUnued to rise. Our tailored intervenUons helped learners make academic and social progress in a supporUve environment.

Breaking Limits Programme

Through our refugee and ESOL iniUaUves, we supported adults and young people to improve English language skills and integrate successfully into educaUon and employment.

Care-Experienced Young People

We conUnued to provide academic and emoUonal support to looked-aler children and other vulnerable learners.

Research IniOaOve

During 2025, the charity launched a research programme to explore barriers to educaUonal aeainment, employability and social mobility. This work will inform future programme development and strengthen our evidence base for policy and funding discussions.

Strategic Partnerships

  1. A Memorandum of Understanding was signed with Nisai Virtual Academy, creaUng opportuniUes to deliver online learning, alternaUve provision, SEND pathways and examinaUon services in partnership with a naUonally recognised educaUon provider.

  2. career pathway workshops, strengthening support for young people transiUoning into higher educaUon, apprenUceships and employment.

Permanent Home and Social Investment

The search for a permanent home remained a major strategic priority. Although the proposed Heelands development presented challenges, the Board responded proacUvely by idenUfying alternaUve property opUons, including 8 Copperhouse Court in Caldecoee.

leading social investors including Charity Bank and Triodos Bank and began preparing an investment readiness report with Eastside People, supported through the Reach Fund grant.

A comprehensive Social Impact Investment Prospectus was produced, semng out how a permanent educaUon and youth development hub could increase annual learner places from approximately 200 to 300 within five years, support around 250 young people each year and generate more than £1.5 million in annual social value.

Page 5

Sievemk Gateway Ltd Trustees Annual Report

STRATEGIC PLAN AND FUTURE OUTLOOK FOR 2026

CreaUng OpportuniUes

Secure Funding

Permanent Home

Strategic Partnerships

ACKNOWLEDGEMENTS

parents, funders and partners whose dedicaUon and generosity make our work possible.

We are parUcularly grateful to the Mayor of Milton Keynes, Milton Keynes City Council, Royal Springboard, Eastside People, Charity Bank, Profile Resourcing, Nisai Virtual Academy, Rotary Club of Milton Keynes, The Webber Independent School and all local businesses and community supporters who conUnue to believe in our mission.

CEO'S NOTE

"2025 was a year of perseverance, innovaUon and strategic progress. We faced challenges in our journey to secure a permanent home, but those challenges strengthened our determinaUon and broadened our thinking. We launched new research, expanded our examinaUon centre, built significant partnerships and developed a robust social investment proposiUon that brings us closer to establishing a permanent educaUonal hub for the community.

mission conUnues to inspire us. Together, we remain commieed to creaUng opportuniUes, delivering excellence and changing lives."- Tony Oyakhire

Page 6

Sievemk Gateway Ltd Independent Examiners Report

Independent Examiner's Report to the trustees of Sievemk Gateway Ltd

I report to the charity trustees on my examination of the financial statements of Sievemk Gateway Ltd for the year ended 31 December 2025.

Responsibilities and basis of report

As the charity's trustees of the company (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 ('the 2006 Act.

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

Independent examiner's statement

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Financial Accountants, which is one of the listed bodies.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

I have no concerns and have come across no other matters in connection with the examination to which

attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

----- Start of picture text -----
SIGN
----- End of picture text -----

Tolulope Fasanya, AFA MIPA Institute of Financial

Accountants

Anchor Business Solutions Limited

351-397 Midsummer Boulevard

Milton Keynes

Bucks

MK9 3HP

31 December 2025

Page 7

Sievemk Gateway Ltd Statement of Financial Activities

for the year ended 31 December 2025

for the year ended 31 December 2025
Notes
Income and endowments
from:
Donationsandlegacies
4
Charitableactivities
5
Other tradingactivities
6
Other
7
Total
Expenditure on:
Raisingfunds
8
Charitableactivities
9
Other
11
Total
Netgainsoninvestments
Netincome
Transfersbetweenfunds
Netincome before other
gains/(losses)
Othergainsandlosses
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward		 Unrestricted
funds
2025
£
18,232
-
240,597
4,876		 Restricted
funds
2025
£
-
18,387
-
-		 Totalfunds
2025
£
18,232
18,387
240,597
4,876		 Totalfunds
2024
£
9,190
19,150
218,942
5,718
263,705
15,952
3,127
213,202		 18,387
-
2,547
-		 282,092
15,952
5,674
213,202		 253,000
15,225
14,917
219,215
232,281
-		 2,547
-		 234,828
-		 249,357
-
31,424
-		 15,840
-		 47,264
-		 3,643
-
31,424 15,840 47,264 3,643
31,424
356,284		 15,840
(8,140)		 47,264
348,144		 3,643
344,501
387,708 7,700 395,408 348,144

Page 8

Sievemk Gateway Ltd Summary Income and Expenditure Account

for the year ended 31 December 2025

Income
Gross incomefor the year
Expenditure
Totalexpenditurefor the year
Netincome before taxfor the year
Netincomefor the year		 2025
£
282,092
282,092
234,828
234,828
47,264
47,264		 2024
£
253,000
253,000
249,357
249,357
3,643
3,643

Page 9

Sievemk Gateway Ltd Balance Sheet

at 31 December 2025

at 31 December 2025
SievemkGatewayLtd
BalanceSheet
Company No.
07886477
Notes
2025
£
Fixed assets
Tangibleassets
13
31
31
Current assets
Debtors
14
150,858
Cashat bankandin hand
259,216
410,074
Creditors: Amountfallingdue within one year
15
(19,511)
Netcurrent assets
390,563
Totalassets lesscurrentliabilities
390,594
Creditors: Amountsfallingdueafter more than one year
16
(3,086)
Net assetsexcludingpension asset orliability
387,508
Totalnet assets
387,508
Thefundsofthecharity
Restrictedfunds
17
Restrictedincomefunds
7,700
7,700
Unrestrictedfunds
17
Generalfunds
378,308
378,308
Reserves
17
Totalfunds
387,508		 2024
£
31
31
138,147
236,937
375,084
(15,367)
359,717
359,748
(11,604)
348,144
348,144
(8,140)
(8,140)
356,284
356,284
348,144

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 December 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

Approved by the board on 31 December 2025

And signed on its behalf by:

Stuart Burke Trustee

31 December 2025

Page 10

Sievemk Gateway Ltd Statement of Cash flows

for the year ended 31 December 2025

Cashflowsfrom operatingactivities
Netincome perStatement ofFinancialActivities
Adjustmentsfor:
Dividends,interestand rentsfrominvestments
Othergains/losses
Increasein tradeand other receivables
Increase/(Decrease)in tradeand other payables
Netcash provided by/(usedin)operatingactivities
Cashflowsfrominvestingactivities
Dividends,interestand rentsfrominvestments
Netcashfrominvestingactivities
Cashflowsfromfinancingactivities
Repayment ofborrowings
Netcash usedinfinancingactivities
Netincrease/(decrease)incash andcash equivalents
Cash andcash equivalentsat the beginningofthe year
Cash andcash equivalentsat the end ofthe year
Componentsofcash andcash equivalents
Cashand bankbalances		 2025
£
47,264
(35,596)
-
(12,711)
4,143
3,100
35,596
35,596
(8,518)
(8,518)
30,178
236,937
267,115
259,216
259,216		 2024
£
3,643
(5,718)
-
(41,992)
(15,409)
(59,476)
5,718
5,718
(8,519)
(8,519)
(62,277)
297,715
235,438
236,937
236,937

Page 11

Sievemk Gateway Ltd Notes to the Accounts

for the year ended 31 December 2025

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year.

assets

Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 12

Sievemk Gateway Ltd Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs.

Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Taxation

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

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

useful life:
Plantand machinery 25%Straightline
Motor vehicles 25%Straightline
Fixtures,fittingsand
equipment		 25%Straightline

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 13

Sievemk Gateway Ltd Notes to the Accounts

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 14

Sievemk Gateway Ltd Notes to the Accounts

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

3
Statement ofFinancialActivities-prior year
Income and endowmentsfrom:
Donationsandlegacies
Charitableactivities
Other tradingactivities
Other
Total
Expenditure on:
Raisingfunds
Charitableactivities
Other
Total
Netincome
Netincome before other
gains/(losses)
Othergainsandlosses:
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward
4
Incomefrom donationsandlegacies
Other Donations		 Unrestricted
funds
2024
£
9,190
-
218,942
5,718
233,850
15,225
2,724
219,215
237,164
(3,314)
(3,314)
(3,314)
230,531
227,217
Unrestricted
£
18,232
18,232		 Restricted
funds
2024
£
-
19,150
-
-
19,150
-
12,193
-
12,193
6,957
6,957
6,957
113,970
120,927
Total
2025
£
18,232
18,232		 Totalfunds
2024
£
9,190
19,150
218,942
5,718
253,000
15,225
14,917
219,215
249,357
3,643
3,643
3,643
344,501
348,144
Total
2024
£
9,190
9,190

Page 15

Sievemk Gateway Ltd Notes to the Accounts

5 Income from charitable activities

5
Incomefromcharitable activities
Grants-MKCC
SMKNew Home-Giftaid
Grant-TheRoyalSpringboard
Grant-Restricted Access
ReachFund
6
Incomefrom other tradingactivities
Coaching&consultancy
income
Examinationcentre
Printing
7
Otherincome
Otherincome
8
Expenditure on raising funds
Costsofgenerating voluntary
income
HMRCJRCGrant
Giftaid
SMKNew Home		 Unrestricted
£
108,740
131,017
840
240,597
Unrestricted
£
35,596
35,596		 Total
2025
£
-
-
3,027
15,360
18,387
Total
2025
£
108,740
131,017
840
240,597
Total
2025
£
35,596
35,596		 Total
2024
£
14,243
1,790
3,117
-
19,150
Total
2024
£
87,708
129,862
1,372
218,942
Total
2024
£
5,718
5,718
Unrestricted
£
8,072
7,880
-
15,952		 Total
2025
£
8,072
7,880
-
15,952		 Total
2024
£
-
6,109
9,116
15,225

Page 16

Sievemk Gateway Ltd Notes to the Accounts

9 Expenditure on charitable activities

9
Expenditure oncharitable activities
Expenditureoncharitable
activities
Grants-MKCC
Grant-TheRoyalSpringboard
Grantsmade
Governancecosts
Accountancyfees
10 Analysisof grants
Activity or programme
Grants-RestrictedSESF
Donationsmade
Grant-RestrictedSESF
Grant-SMK
Activity or programme
Grants-RestrictedSESF
Donationsmade
Grant-RestrictedSESF
Grant-SMK		 Unrestricted
£
-
1,500
127
1,500
3,127		 Total
2025
£
-
1,500
127
1,500
3,127
Total
2025
£
-
-
-
-
-
Total
2025
£
-
-
-
-
-		 Total
2024
£
385
11,808
-
1,500
13,693
Total
2024
£
-
1,224
-
-
1,224
Total
2024
£
-
1,224
-
-
1,224

Page 17

Sievemk Gateway Ltd Notes to the Accounts

11 Other expenditure

11 Other expenditure
Employeecosts
Motorand travelcosts
Premises costs
Generaladministrativecosts
Legaland professionalcosts
12 Staffcosts
Salariesand wages
Socialsecuritycosts
Pensioncosts
No employee received emolumentsin excess
13 Tangiblefixed assets
Cost or revaluation
At 1January 2025
At 31 December 2025
Depreciation and
impairment
At 1January 2025
At 31 December 2025
Net bookvalues
At 31 December 2025
At 31 December 2024
14 Debtors
Trade debtors
VATrecoverable
Other debtors
Prepaymentsandaccruedincome		 of£60,000.
Plant and
machinery
£
14,694
14,694
14,683
14,683
11
11		 Unrestricted
£
65,387
6,830
24,009
116,916
60
213,202
2025
61,350
1,514
2,523
65,387
Motor
vehicles
£
12,100
12,100
12,090
12,090
10
10
2025
£
40,280
22
35,304
75,252
150,858		 Total
2025
£
65,387
6,830
24,009
116,916
60
213,202
Fixtures,
fittingsand
equipment
£
4,078
4,078
4,068
4,068
10
10		 Total
2024
£
144,927
5,852
5,950
60,402
2,084
219,215
2024
140,001
734
4,192
144,927
Total
£
30,872
30,872
30,841
30,841
31
31
2024
£
28,677
22
34,196
75,252
138,147

Page 18

Sievemk Gateway Ltd Notes to the Accounts

15 Creditors:

15 Creditors:
SievemkGatewayLtd
Notesto the Accounts
amountsfallingdue within one year
Tradecreditors
Other taxesandsocialsecurity
Othercreditors
Accruals
16 Creditors:
amountsfallingdueafter more than one year
Bankloansand overdrafts
17 Movementinfunds
At 1January
2025
Restrictedfunds:
Restrictedincomefunds:
Grant-TheRoyalSpringboard
(8,140)
Grant-Restricted Access
ReachFund
Total
(8,140)
Unrestrictedfunds:
Generalfunds
356,284
Totalfunds
348,144		 2025
£
4,546
904
12,560
1,501
19,511
2025
£
3,086
3,086
Incoming
resources
(including
other
gains/losses
)
£
3,027
15360
18,387
263,705
282,092		 Resources
expended
£
(2,547)
0
(2,547)
(241,681)
(244,228)		 2024
£
5,115
2,762
5,990
1,500
15,367
2024
£
11,604
11,604
At 31
December
2025
£
(7,660)
15360
7,700
378,308
386,008

Purposes and restrictions in relation to the funds:

Restricted funds: Grant-The Royal Springboard

Page 19

Sievemk Gateway Ltd Notes to the Accounts

18 Analysis of net assets between funds

18 Analysisofnet assetsbetweenfunds
SievemkGatewayLtd
Notesto the Accounts
Fixedassets
Netcurrentassets
Creditorsduein more than one yearand
provisions
19 Reconciliation ofnet debt
Cashandcash equivalents
Bankloans
Net debt		 Unrestricted
funds
£
31
390,493
(3,086)
387,438
At 1January
2025
£		 Restricted
funds
£
-
70
-
70
Cashflows
£		 Total
£
31
390,563
(3,086)
387,508
At 31
December
2025
£
236,937 22,279 259,216
236,937
(11,604)
(11,604)
225,333		 22,279
8,518
8,518
30,797		 259,216
(3,086)
(3,086)
256,130
20 Commitments
Operatingleasecommitments
Annualcommitmentsunder non-cancellable operatingleases
2025
Land and
buildings
£
Operatingleaseswith expiry date:
Pensioncommitments
The pensioncostcharge to thecompany
amounted to:
21 Related party disclosures
Controlling party		 areasfollows:
2025
Other
£
2025
£
2,523		 2024
Land and
buildings
£		 2024
Other
£
2024
£
4,192

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 20

Sievemk Gateway Ltd Detailed Statement of Financial Activities

for the year ended 31 December 2025

for the year ended 31 December 2025
SievemkGatewayLtd
DetailedStatement ofFinancialActivities
Income and endowmentsfrom:
Donationsandlegacies
Other Donations
Charitableactivities
Grants-MKCC
SMKNew Home-Giftaid
Grant-TheRoyalSpringboard
Grant-Restricted AccessReach
Fund
Grant-Restricted AccessReach
Fund
Other tradingactivities
Coaching&consultancyincome
Examinationcentre
Printing
Other
Otherincome
Total income and endowments
Expenditure on:
Costsofgeneratingdonationsand
legacies
HMRCJRCGrant
Giftaid
SMKNew Home
Totalofexpenditure on raising
funds
Charitableactivities
Grants-MKCC
Grant-TheRoyalSpringboard
Grantsmade
Grant-TheRoyalSpringboard
Grantsmade
Governancecosts		 Unrestricte
dfunds
2025
£
18,232
18,232
-
-
-
-
(30,720)
(30,720)
108,740
131,017
840
240,597
35,596
35,596
263,705
8,072
7,880
-
15,952
15,952
-
1,500
-
0
127
1,627		 Restricted
funds
2025
£
-
-
-
-
3,027
15,360
-
18,387
-
-
-
-
-
-
18,387
-
-
-
-
-
-
-
-
2,547
-
2,547		 Totalfunds
2025
£
18,232
18,232
-
-
3,027
15,360
(30,720)
(12,333)
108,740
131,017
840
240,597
35,596
35,596
282,092
8,072
7,880
-
15,952
15,952
-
1,500
-
2,547
127
4,174		 Totalfunds
2024
£
9,190
9,190
14,243
1,790
3,117
-
-
19,150
87,708
129,862
1,372
218,942
5,718
5,718
253,000
-
6,109
9,116
15,225
15,225
385
11,808
1,224
-
-
13,417

Page 21

Sievemk Gateway Ltd

Detailed Statement of Financial Activities

SievemkGatewayLtd
DetailedStatement ofFinancialActivities
Accountancyfees
Totalofexpenditure oncharitable
activities
Employeecosts
Salaries/wages
Employer'sNIC
Pensioncosts
Motorand travelcosts
Vehicles-Fuel
Vehicles-Insuranceandlicences
Vehicles-Repairsand
maintenance
Travelandsubsistence
Premises costs
Rates
Light,heatand power
Premises cleaning
Premisesrepairsand
maintenance
Generaladministrativecosts,
includingdepreciationand
amortisation
Depreciation of Plantand
machinery
Depreciation ofMotor vehicles
Depreciation of Fixtures,fittings
and equipment
Bankcharges
Equipmentleasingand hire
charges
Advertand publicity
Postageandcouriers
Stationeryand printing
Subscriptions
Examinationfees
Teachers'fees
Office expenses
Sundry expenses
Telephone,fax and broadband		 1,500
1,500
3,127
61,350
1,514
2,523
65,387
709
4,129
523
1,469
6,830
4,139
16,146
2,177
1,547
24,009
-
-
-
3,633
-
-
133
1,849
4,641
46,813
55,730
-
1,687
2,430
116,916		 -
-
2,547
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 1,500
1,500
5,674
61,350
1,514
2,523
65,387
709
4,129
523
1,469
6,830
4,139
16,146
2,177
1,547
24,009
-
-
-
3,633
-
-
133
1,849
4,641
46,813
55,730
-
1,687
2,430
116,916		 1,500
1,500
14,917
140,001
734
4,192
144,927
1,956
1,816
697
1,383
5,852
-
30
1,546
4,374
5,950
-
-
-
2,682
1,363
1,360
188
1,971
4,791
39,951
-
6,157
484
1,455
60,402

Legal and professional costs

Page 22

Sievemk Gateway Ltd

Detailed Statement of Financial Activities

SievemkGatewayLtd
DetailedStatement ofFinancialActivities
Otherlegaland professional
costs
Totalofexpenditure ofothercosts
Totalexpenditure
Netgainsoninvestments
Netincome
Netincome before other
gains/(losses)
Other Gains
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward		 60
60
213,202
232,281
-
31,424
31,424
-
31,424
356,284
387,708		 -
-
-
2,547
-
15,840
15,840
-
15,840
(8,140)
7,700		 60
60
213,202
234,828
-
47,264
47,264
-
47,264
348,144
395,408		 2,084
2,084
219,215
249,357
-
3,643
3,643
-
3,643
344,501
348,144

Page 23