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2022-03-31-accounts

Annual Report 2021/22

Gateway Church Abergavenny

Monk Street, Abergavenny NP7 5ND

Registered in England & Wales 7842926

Registered Charity No. 1146530

1.0 Introduction

It is with immense gratitude again to God, that the pastor, trustees and elders present this annual report for 2021/22, outlining how the charity’s key objectives have been pursued during the year, significant outcomes that have resulted, future planning and financial statements.

1.1 COVID

Throughout the year the church operated in accordance with national guidance and legislation. All risk assessments were continuously updated and reported by the Operations Coordinator and the Pastor to the trustees and elders. The church participated in the national Furlough scheme to support employed staff during the lock down periods, with all staff eventually returning to work in person.

2.0 The vision and mission of the charity

This can be articulated in three strap lines:

“To know God and to make Him known”

“To be a relational people”

“To make room for the Holy Spirit”

‐ 2.1 To share the life-giving and life transforming message of Jesus Christ to everyone in our immediate and surrounding communities (Preach the Gospel).

2.2 To assist members of the fellowship in every way possible to develop and grow in the faith they have chosen to follow (Make Disciples).

2.3 To model a Biblical pattern of local fellowship, where members don’t exist in isolation but thrive as a vibrant spiritual family, bound by genuine relationships, caring for one another, serving together and collectively pursuing Kingdom objectives (Love One Another).

2.4 To be a powerful witness of the love and power of Christ to the community we live in, on a day to day basis, by caring for the sick, providing for the needy, comforting the hurting, healing

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the broken hearted, giving hope to the hopeless, befriending the lonely, embracing the rejected, and offering support to those who cannot manage on their own. (Serve the Community).

3.0 Making the vision and mission a reality

3.1 Employed staff

Chris Vaz: Pastor. Full-time.

Lyra Vaz: Church Care Coordinator Part-time.

Aled Williams: Operations Coordinator. Full time w.e.f 01/04/2022.

Kerrie Wilson: Treasurer. Part-time.

Aaron Foley: Community Coordinator. Part-time.

Chenise Fenwick: Young Adults & Youth Leader. (On maternity leave 2021/22).

Laurianne McKenzie: Young Adults & Youth Leader. (Maternity Cover 2021/22).

Helen Cox: Young Families & Children Leader (Part-time).

Rhys Jones: Caretaker. (Part-time).

Natalie Jones: Cleaner. (Part-time)

In addition the trustees and elders have committed in 2022/23 to the appointment of an Assistant Pastor - further details to be confirmed in due course.

3.2 Volunteers

3.2.1 Elders

Phil Hopkins, Steve Thomas, Haydn Dwyer, Phillip Johnson, Stewart Clark.

3.2.2 Trustees

Lawrence Wilson (Chair, Safeguarding, Finance) , Sue Hopkins (Human Resources), Kath Mallord (Without portfolio), Aled WIlliams (Co-opted: Buildings, IT, Health & Safety, Risk), Helen Cox (Co-opted: Funding), Chris Vaz (Observer), Huw Medlicott (Legal advice).

3.2.3 Team leaders

Sunday Services: Chris Vaz

Media: Aled Williams

Worship: Rob Westall

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Kids' Club: Helen Cox, Lyra Vaz

Community Pastors : Lyra Vaz and Aaron Foley Community Cafe: Aaron Foley School Assemblies : Lyra Vaz

Men: Ken Barwise Women: Lyra Vaz Crèche: Helen Cox Ministry Team: Kath Mallord & Steve Thomas Prayer Hubs: Phil Johnson,

Prayer for the persecuted church : Linda Perkins

Connect groups: Stewart & Apryl Clark Pastoral Care Team: Lyra Vaz Haydn Dwyer Welcome Team: Val Hardwick, Lyra Vaz Bible School: Chris Vaz

Bible journaling: Louise Ingle

Registrar: Belinda Dwyer H’art: Jennie Burge Online Bible Study: Phillip & Angela Johnson

Street Team: John Hardwick

Holiday Club: Helen Cox

3.4 Core Implementation Team

The Core Implementation team seeks to coordinate and implement some of the activities that make the vision and mission of the church a daily reality.

Members include: Chris Vaz (Pastor) , Stewart Clark (Connect groups) Phillip Johnson (Prayer), Aaron Foley and Lyra Vaz (Community), Lawrence Wilson (Trustees), Aled Williams (Operations), Helen Cox (Young families and children), Chenise Fenwick/Laurianne McKenzie (Young adults and Youth), Kerrie Wilson (Treasurer), Haydn Dwyer (Pastoral Care).

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3.4.1 Connect groups (formerly Lifegroups) (Stewart Clark)

In March 2022 we re-branded Lifegroups and launched Connect Groups. The motivation behind the new Connect Groups is to adopt the “small and wide” approach of building relationships in smaller gatherings across the Body, recognising that Gateway attracts people living across several nearby counties. Our Life Group Pastors have been absolute heroes given the last 2 years of lockdown where despite the challenges, our Life Groups continued to grow and thrive. Now with a total of 22 Connect Groups, we have the opportunity to draw people into vital relationships, helping them feel connected and providing opportunity for everyone to exercise their gifts and talents for the building up of the Body. If you’re not yet part of a Connect Group, we encourage you to get in touch with Stewart or Apryl Clark who will make sure your details are registered on Church Suite so we can “connect” you.

3.4.2 Community Cafe (Aaron Foley)

Our community cafe restarted at the end of September after being closed for 18 months due to the pandemic. It has been great serving our community again and between 30-60 people visit each day (Tuesday to Thursday). We serve between 30-40 hot meals and hot drinks, sandwiches and lots of cake is enjoyed by all. We gratefully receive donations from shops, such as Morrisons,Tesco, Waitrose, Greggs and Angel bakery in Abergavenny, to enable us to run the cafe totally free of charge. In addition to this we also receive donations from various online companies. During Easter week 2022 we are going to bless the people who come to the cafe with a Easter egg. We are also planning to launch a Baby bank where families who need it can have access to nappies, books, toys, baby clothes etc. We offer support and advice to people who come into the cafe and have worked with other charities e.g. Mind, Gavo and Llamau as well as working with local agencies such as the Police, Monmouthshire County Council and Monmouthshire Housing Association.

3.4.3 Prayer (Phillip Johnson)

We managed to maintain regular ‘Prayer Bursts’ online.. Since returning to relative normality, our monthly corporate prayer meetings have resumed with two main emphases: intercession and growing in the prophetic. Our first meeting of 2022, ably led by Steve Thomas, was well-attended with many able to participate and learn how to hear from God.

Everyone is now encouraged to become a member of a ‘Prayer Hub’, a group of two to five people meeting as and when they are able. There are now several faithful groups who are seeing God move in answer to their prayers. The aim is for them to ‘adopt’ specific individuals and ministries to pray for on a regular basis as well as praying over topics of the week.

Persecuted believers are forever on our hearts. Prayer Hubs are urged to remember them regularly, but there is also a meeting each month specifically for the Persecuted Church, convened by Linda Perkins.

It is encouraging that more people are now able to engage consistently in prayer via the Prayer Hubs and/ or the new Connect groups. In his keynote speech at the beginning of 2002 the pastor pointed out that one major feature of the early church was that they ‘devoted themselves…to prayer’ (Acts 2:42).

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3.4.4 Apologetics (Phillip Johnson)

The apologetics ministry has been largely concerned with building resources for believers and enquirers. There are now several short and easy-to-read articles on the church website, comprising: ‘Where Does the Bible come from?’, ‘Are the Bible Documents reliable?’, ‘Is the Bible inspired by God?’. ‘The Problem of Suffering’, ‘Science and Faith’, ‘What about Other Religions’, and ‘Easter – Fact of Fiction?’. These articles also contain recommended resources in video and written form for those who require a more in-depth consideration of these topics.

3.4.5 Growing in the Bible (Phillip Johnson)

During the pandemic, we began online Bible Studies which are now available online. The first of these in 2020 was a series of three on the subject of end-times prophecy. This was followed by studies in the early chapters of Genesis. Here we avoided the science-faith debate but concentrated on the importance of these chapters in establishing a Biblical worldview with regard to race, gender, government and globalism, environmentalism, multiculturalism, and the sanctity of life (abortion and euthanasia).

In 2022 we began a series from the Acts of the Apostles called ‘Faith and Fire’. We focused on the importance of the Baptism of the Holy Spirit and drew life-lessons from the different characters involved: Peter, Stephen, Philip and Paul.

Huge thanks are due to John Hardwick for recording, editing and presenting them in a more professional manner. We look to improve further hope to include some more teaching from The Acts of the Apostles and possibly some background material on both Old and New Testaments.

3.4.6 New Christians (Phillip Johnson)

Discipling of new Christians has been arranged largely on an informal basis. Lyra Vaz has taken a number of ladies under her wing and helped them in their Christian walk.

In addition, we now have ten illustrated videos for new believers under the title of ‘Go with God’. In order these are: ‘How Can I Know God?’, ‘Power for Living’ (The Holy Spirit’), ‘The Road Ahead’ (An introduction to the Bible), ‘How Do I Pray?’, ‘The Enemies We Face’ (Dealing with the World, the Flesh and the Devil’), ‘Belonging’ (Church fellowship & Baptism), ‘How It All Began’ (understanding Genesis, the fall and salvation), ‘Relationships’ (‘The Sex Factor’ - and dealing with past sexual ties), ‘Can We Trust the Bible?’, and ‘Science and the Bible’. Hopefully, these will become more widely know and used as the need arises.

3.4.7 Operation Gateway Relief (Chris Vaz)

Over the Christmas 2021 period, 1443 individuals in the community were presented with various hampers - including all the fabulous NHS night staff at Nevill Hall hospital, with whom we were honoured to present a cooked Christmas Dinner on Christmas eve, as our token of appreciation

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on behalf of us all for all they do. The 1443 gifts distributed included meal kits, children's bags, cooked meals, 'Thinking of You' hampers as well as a Christmas gift bag for every resident of every care home, their staff, and every Community Carer.

3.4.8 Children’s home in the Philippines (Chris Vaz)

During the year the church committed to financially and prayerfully supporting a Children's home in the Philippines, despite some technical difficulties with the transfer of funds we expect this activity to grow and fully develop over the next 12 months.

3.4.9 YWAM hosting (Apryl Clark)

We hosted a group of four Youth with a Mission individuals who worked in the cafe, met Connect groups and church members and were generally a blessing to all those they encountered.

3.4.10 Re-focussing children and youth work (Lawrence Wilson)

As part of the ongoing practice of reviewing all our activities, the trustees unanimously agreed to creating two new part-time posts of Young Families & Children Leader and Young Adults and Youth Leader. This has enabled greater financial investment into these areas of ministry and given new focus on the needs of young families and young adults.

3.4.11 Equality, Diversity & Inclusion (Lawrence Wilson)

In response to recommendations of best practice from the Charities Commission, the trustees and elders have met and worked through a range of issues relating to the work of the church and equality, diversity and inclusion. Some changes are now in place e.g. Cafe church at Rehoboth for those wishing to avoid large crowds as a result of COVID, those for whom dark rooms create anxiety and for those maybe seeking a more informal gathering via our online broadcasting of the service from the Gateway building.

3.4.12 Training (Lawrence Wilson/Aled Williams)

Employees and volunteers have participated in professional training sessions in relation to safeguarding, first aid and food handling and preparation.

3.4.13 Refurbishing Rehoboth (Aled WIlliams)

During the year much work has been undertaken to refurbish Rehoboth in terms of decoration, IT support and the toilets.

3.4.14 Updating Gateway Centre (Aled Williams)

During the year much work has been undertaken to improve the Gateway building in terms of space, with the building of a separate storage facility at the rear and a repainting of the front of the premises..

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3.4.15 Pastoral Care (Haydn Dwyer & Lyra Vaz)

First of all we want to acknowledge the invaluable work done by Life Group Pastors in caring for individuals in their groups over the last two years of lockdown when we were unable to meet together.The primary focus for pastoral care is through Life Groups (now Connect Groups) where we want to continue to promote a culture of care. Alongside the Connect Group Pastor, we recognise that each one of us has a responsibility to care for, watch out for, and where possible, meet the individual needs of those we are connecting with, whether spiritual or practical.Just one of the many ways in which we have provided care over the last year is in providing daily, quality hot meals for those who have moved house, come home from hospital after surgery, or after an addition to the family. We have an awesome team of volunteers.We also have a Central Core Team who are on hand to help out if a group cannot fulfil a request.

The Pastoral Care team is headed up by Haydn and Lyra

3.4.16 Young families and children (Helen Cox)

I began working as the Children & Young Families Leader in October 2021.

My first priority was to restart GC Kids (5-11s) and GC Tots (preschoolers) on a Sunday morning which also involved finding an almost brand new team of volunteers for each of these. In GC Kids there are usually 18-20 children on a Sunday morning, and in GC Tots it varies from 4 up to 10. The teams of volunteers have been fantastic, showing a commitment to the work and a passion for the vision to disciple the children so that they will build a lasting faith in God.

In February we started a Parent and Toddler group on a Friday morning at Rehoboth. This has already grown to about 20 families attending regularly and an amazing team of volunteers who are committed to building relationships with the mums, dads and grandparents who attend each week with their children. These are largely families from the local community (with a few of our Gateway families) which provides a fantastic outreach opportunity.

Finally, the Young Families at Gateway recently had a Social Evening at Rehoboth, and there is an Easter Trail at Linda Vista Gardens planned for next Saturday. We are planning to meet up regularly for social evenings, afternoons in the park etc throughout the year to build strong relationships to support each other in the rewarding but often challenging role of bringing up children, strong in their faith, who will be the church leaders of the future.

3.4.17 Young adults and youth (Laurianne McKenzie)

It has been a busy few months since Chenise started her maternity leave. Youth club has been running weekly with around 16 young people regularly attending. We have been visited by the

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Police, and MIND in addition we have visited the Fire station. We have a new youth club launching in April 2022 headed up by Denika, Vicki and Keith. It will be geared much more to some of the young people from the community whose needs are a little different. Thursday club will now have a greater faith element mixed in with fun and fellowship. Thursday will now be known as Youth Connect and Friday will take on the GC Youth title.

Young Adults have a full programme set out for the year. We have already had games night, bowling and a 3 course French dinner. We will be having a murder mystery next. We regularly have around 15 young adults attending.

Sunday mornings have been going well. We have been looking at people of the Bible and have now moved into identity and goodness of God. Attendance fluctuates from around 8 or 9 to around 14.

3.4.18 Communion Services (Chris Vaz)

The intention in 2022/23 is to offer gluten free bread or wafers and non-alcoholic liquids at all Sunday morning communion services.

3.4.19 Supporting the hearing impaired (Aled Williams)

The intention in 2022/23 is to introduce loop systems into both buildings and to investigate the use of auto-translating sub-titles for Sunday services. If occasions arise require the employment of professional signers e.g. hosting a larger national conference.

3.4.20 Greater diversity of refreshments on Sunday mornings (Aled Williams)

The church is committed to maintaining its provision of free refreshments at Sunday services and occasional mid-week gatherings and including decaffeinated coffee, tea and to introduce alternatives to cows' milk.

3.4.21 Trustees (Lawrence Wilson)

The trustees have met all the requirements of the Charities Commission and Companies House in terms of its financial and legal activities as a registered charity. Particular developments include the trademarking of the name and logo of Gateway Church Abergavenny, reviewing and renewing the church insurance policy, monitoring and quality assuring practices relating to GDPR, health and safety, safeguarding, recruitment and human resources as well as our booking keeping and accounting methods. The risk assessments relating to COVID are ongoing and reviewed constantly.

3.4.22 The bigger picture (Chris Vaz)

We have always recognised our role with the wider Body of Christ, and our mandate of being a pioneering, resourcing, and apostolic church, hence the term ‘Regional Church’ started to be used 3 years ago. Whilst we have not been able to meet physically this year, we continue to inspire and encourage the wider Church Body both in Wales as well as the UK.

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I continue to be serve in various roles – Area Leader for AOG South Wales, part of the New Wine Wales National Leadership Team, part of the Leadership Development team for AOG GB, as well as offering spiritual support and input to various church leaders and leadership teams.

3.5 Other events and media coverage

3.5.1 We had another successful Carol Service in 2022. There was a great community involvement this time, and we were delighted to have Cath Woolridge lead worship for us live inperson, and Dai Woolridge host the evening for us.

3.5.2 Gateway Community Awards - as with each year, we recognise individuals in the community who have served and made a difference, and this year was no different. We appreciated and awarded a number of individuals, and the prestige of these awards has taken on a following on it’s own, with the local newspaper Abergavenny Chronicle as well as South Wales Argus covering the awards.

3.5.3 Operation Gateway Relief grabbed the fascination and appreciation of people far and wide. Again, Abergavenny Chronicle, South Wales Argus, BBC Radio Wales, churches locally and nationally, AOG UK, and several other groups ran articles, interviews and reports on what we did.

3.5.4 We had a very moving Remembrance Day 2022 service, with contributions and involvement from a number of people, including a serving RAF personnel and two ex-servicemen, 3.5.6 We continue to run an International Lifegroup with members based in South Africa, Sweden, USA and various parts of the United Kingdom.

3.5.7 We hosted two Assemblies of God South Wales meetings and three New Wine Cymru meetings during the year.

3.5.8 In August we ran an online Holiday Club which incorporated engagement with all the family via a daily online broadcast.

3.5.9 John Hardwick continued to develop and improve the quality of our Online broadcasting of services, bible studies and other events.

4.0 Reviewing last year's future plans

Below is an update on those ventures minuted in last year's annual report

4.1 Pioneer the ‘Hybrid Model’ as well as the ‘Global Model’ of church life and ministry God is taking His global church into.

Response: See 3.4.22.

4.2 Develop our “Regional Church”: To embrace the wider role God is taking us into, to increase our resourcing and support towards other local churches, ministries, leaders and

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organisations as we work as in a more collaborated manner to see our towns, cities and villages impacted with the power and love of Christ.

Response: See 3.4.22.

4.3 Lifegroup membership: To see at least 92% of our members become part of Lifegroups. This will only help us serve each one better.

Response: See 3.4.1.

4.4 Increased outreach to our community: To be an even greater “prophetic voice” in our community. Develop stronger strategies to reach out and minister to the homeless and underprivileged people, as well as addicts, who are coming to us even more than ever before. Target newer areas in town to see an increase in our Kids Club reach.

Response: See 3.4.2, 3.4.7, 3.4.10, 3.5.2, 3.5.3, and 3.5.8.

4.5 Infrastructure: With our Rehoboth facility becoming even more strategic to our Children’s & Youth Ministries, the need to update Rehoboth, just like we did to Gateway is essential, and we hope to give it an uplift soon, hopefully before lockdown comes to an end fully.

Response:See 3.4.13 and 3.4.19.

4.6 Spirit of excellence: With each passing year, we want to develop better structures and protocols for better communication, resource management, and visitor experience. A church must be able to demonstrate a spirit on excellence in all that we do, reflecting the excellent God we serve.

Response: See 3.4.10, 3.4.11, 3.4.12, 3.4.13, 3.4.14, 3.4.19, 3.4.21.

4.7 Training & Equipping: Provide better training and equipping to all our staff and volunteers to be able to serve more effectively.

Response: See 3.4.1, 3.4.3, 3.4.4, 3.4.5, 3.4.6 and 3.4.12.

5.0 Looking forward, relating to the vision and mission of the church (Chris Vaz)

There is no doubt we are moving into what we call a 'post covid' world, which will be different in several ways from the pre-covid world in which we were all currently operating.

People's priorities, values, habits and mindsets have changed. Working patterns are changing, the way people are meeting and interacting is changing. The church has to take into account this changing global landscape, and assess it's operations accordingly, so as to still be effective and strategic.

Gateway has always adopted this approach of reevaluating our strategies and workings, and so will use 2022-23 to learn and prepare for this new post covid landscape.

5.1 Continue to develop the ‘Hybrid Model’ as well as the ‘Global Model’ of church life and ministry God is taking His global church into. (Preach the Gospel). (Love One Another)

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5.2 Develop our “Regional Church”: To take further the wider role God is taking us into, to increase our resourcing and support towards other local churches, ministries, leaders and organisations as we work as in a more collaborated manner to see our towns, cities and villages impacted with the power and love of Christ. (Preach the Gospel). (Love One Another)

5.3 Establish Connect groups: To see the successful transition from the Lifegroup into the Connect model, establishing active membership as a core activity and commitment by all those who consider themselves as part of Gateway. (Preach the Gospel). (Make Disciples) (Love One Another)

5.4 Increase further our outreach to the community: To be an even greater “prophetic voice” in our community. Develop stronger strategies to reach out and minister to the homeless and underprivileged people, as well as addicts, who are coming to us even more than ever before. Target newer areas in town to see an increase in our Kids Club outreach. (Preach the Gospel). (Love One Another) (Serve the Community)

5.5 Infrastructure: To establish the new employed position of Assistant Pastor with a focus on nurturing church growth through a variety of strategies to support the growth of hybrid and global church models, the regional church development and the outreach into all ages of the community. (Preach the Gospel) (Make Disciples) (Love One Another) (Serve the Community)

5.6 Buildings, money and people: To review our footprint in Abergavenny and consider how best to invest financially, pragmatically and spiritually in our premises, our people and our community.

The budget breakdowns for 2021/22 and 2022/23 show the following developments:

The end of the government Furlough scheme payments; the increase in the National Living Wage (NLW); the cost of living pay increase to employees not on the NLW; the draft costs for the appointment of a 25 hour Assistant Pastor w.e.r. 01/09/2022; significant increases in utilities' bills; significant increases in buildings' costs (a review of the letting and hiring of premises procedures and costs is underway) and the merging of kingdom kids, creche, young families and parent and toddler into one budget to facilitate expeditious expenditure.

Additionally the pastor, trustees and elders have unanimously agreed to revise the designated Gateway Building Fund to a Vision Fund with the aim of investing further in staffing levels and church buildings. (Love One Another) (Serve the Community)

5.7 Prayer and theology: To encourage the fellowship at all ages and stages in life to deepen their prayer lives, their bible knowledge and their faith. (Preach the Gospel). (Make Disciples)

Christopher Vaz

Gateway Church Abergavenny

April 2022

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Gateway Church Abergavenny Report and Accounts Year ended 31 March 2022 %tcivard,%hip Active8enerosiry 1 Lambs Passage. London E¢1Y 8AB w￿￿.SteWardsh1p.org.Uk

Gat•way Chur¢h COMPANY INFORAIATION FOR THE YEAR ENDED 31 MARCH 2022 La¥Yrence Wlson Su$an Hopkins Katherine Mak)rd lapFKAn18d Odober 20201 Stephen Kn￿ht Iro$19r￿ Apnl 2021 Hen Cox lappointed April 2021.. res¥J￿d Seplerthr20211 Slephani& F¢ley laFWntod Seplemb8r20221 Company S•¢r•t•ry Kay Staff Paswr Cbris Vaz Gov•mlng Do¢um•nt Memorandum and Artths olA$5wBI￿n d8t• NoY•mbor2011 arnnded 5th January 2021 Company R•9l•lr•tlon Ntsml)•r 07842926 Charfty R•ghtr•llon Numb•r 1146530 Pdnclpal ￿drO•S •nd R•glst•r•d OIIOe• Gateway Chr4ti•A Centrn Monk Street Abergavonny A￿￿￿th¥hire NP7 SNO Ind•p•nd•nl Ex•mln•r S8rah Criwn ACA stewardS￿P 1 Lambs Pasw• EC1Y 8AB B•nk•rn HSBC VK 8ank pk Natsrwl Weslninslor B•r Pk Cont•nts Company Inforrnalh TnJslee5' Annual Report Independent EN2mineffs Report Ststeffnl of Finartial Actr¥rf6es Balance Sheet Nole$ lo the Accounts Derailed Stalement of Fhnancial AciNth5 ilh Cwwr8tives Full Tru$tee5' roport Py 2-3 7.13 14 Appendix

GATEWAY CHURCH ABERGAVENNY TRUSTEES, ANNUAL REPORT (INCORPORATING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 The trustees. who are the chariws dirèctors for the purwses of company law, have p￿aSUre in submitting the Report and Accounts for the year. Oblect• of the charlty The cnanty ts a chantable company and is govemad by its mèmorandum artids of association. The objects of the charily, 0$ set OLrt in Ihe goveming document ale lo advance the Christian farth. Summary olthg charttvs m•ln aetfvlll•s and achle¥•ments See Appendix for Annual Raport which Includes a full revièw of activiti&s. In planning the a¢tNities th¥ Tfustees have appl￿ th8 guJance on publK ben&fit Issued by the Charity C¢)mmisslon. Structur•. Gov•manc• and Manag•m•nt The policy and operating decisiofts of Ihe charily rest wilh the Dirèctors who meet regulèrly to monitor the activities of th$ Company. New Dirtclors aro rwuiled and appoinl•d accordin9 to the Governing Document.. tha Truste69 may by ordtnary resolution appoint a parson who 1$ willing to •¢1 to ￿ a Trvstee, rabl￿d by r8$olutson al a Church M•mbers' M¢eling. Flnanel•l r•vl•w Dunn9 the year income d8¢r¢ase(I by t130.154 to £271.480 and eX￿n￿[tur8 d8¢reased by £16.243 to £241.113. As a rosull. the ftsn¢Js al thè year end In￿a$•d to £575,577. of whieh £508.657 is unréstrieted. Re••rvé# pollcy Our policy 1$ to relain suffKient LmTeslrict8d r•$erves-. • To ensure that the charily ha$ suffic￿nt funds lo moet ils finanual commitments: To dèmonstraie Ihat the charity is sustainab￿ into th8 ftrture.. To ensure that th8 ¢hanty is able to manage futurè unfWeS￿l f￿anCIal diificulties., To ensure th81 excessive funds a￿ not held wlhout any idenlifiable reason or lor any identifiabl¥ purptsse. Thesè reserves are considered in 2 parts.. Financial rèserves are eonsidered in tsyo parts.. • General reseTh•s that are d*emed necessary to meet futuro operational wuirem8nts and lo protect the ch8rity againsl future financ￿1 un¢¥rtainti6s in¢luding loss of incom& and un&xpected inmases in operating costs.. • Reserves set asKle to meet fvlure finarKial commrtments for 8 specffic $vJnific8nt project or venture or planned future commrtment. Al th& yèar end, the ¢harsty hèld unmstricied cash of £360,272 of vthich £223,528 is held for specific future projects and the charty is ccrfnp￿ng with lis reserves poliry. Page 2

GATEWAY CHURCH ABERGAVENNY TRUSTEES. ANNUAL REPORT {INCORPOIiATING DIRECTORS. REPOR FOR THE YEAR ENDED 31 MARCH 2022 K¢y rfsks and unc•rtalntie$ Th8 charity is 8xposed to various risks be thay operaltonal. financial or r￿U￿tIonal. The trust$es review the charitls activit￿S regularty lo idenlrfy significant r￿kS and, whem possible. they take 8ppropr5ate measures to mitigate those risks. Responslbllltles of trus¢•es untl•r company law ThA Iruglèes ar• r•gponsiblo for pr¢parin9 the trustva¥' annual rnport arwj Ili¥ fiwianilal 51aiements In accordance with applicab￿ law and Unrted KiNJdom Accounting Slandafds Iunited Kirigdom Gèn¢ralty Accepted Accounting Pr8Cticel. Company law raquires the trustees lo Prepa￿ fin8ncial statemènts for each financial year which give a true and fair view of the stste of Ihe affairs of the ¢harilabltr company as al Ihe balance sheèt dale and of Its incoming resources and application of msources. including income aftd eX￿ndIt￿re, for th• financial ￿r. In P￿￿rIng thes6 financial slaloments. thè trust88s af¢ required to.. 1. $elect suitabl8 accounting polKies and appty Iham ¢onsist8ntly. 2. observe Iht methods and principles in the Charities SORP.. 3. mak¢ judgem8nls and estimaies thal are r8asonabl# and prud•nl'. 4, slate whèther th• appPJcable accounling standards have been folk)￿•￿. subject to any mat&ri81 departures ¢Jisclosed and expLained in the linan¢ial slalem8nts,' and 5. prèpare th8 financial statèments on a going concern basis unl&s5 It 18 Inappropriat• lo presurnè th81 the chaNty will conbnug in Opera￿n. The trustees ara responsibb lor keeping proper a￿OUnting r￿￿11￿S that disclose ¥wlh reasonable accuracy at any bme th& financial positKJn ol the thafitablfr company and enable thèm to ensure that the financial $t8temfrnts comply with the Companies Act 2006. Thèy are also responsibltr for safeguarding Ihe as$els of the ¢harrtable cornpany and hence lor t8king r•ason8ble sl•p$ for the prevention and detection of fraud and other irregulanties. pprov•l This report, which ha$ been prèpared in accordance wlh the provisions of the C¢)mpani&s Act 2006 relalirng lo small companies, w86 approv9<1 by the trvstees and signed on their behalf by.. LavKencè Wils Date.. Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF Gatoway church ber9•venny (lh• COrnpan￿) I report lo the ctwity Injstees on my exarninat￿ ol the actounls ol the Company for the Itar encled 31 Mareh 2022 on pages 5 to 14 Idkthng. which have been prepared cffi the ba$1$ of the accountirrfj poli¢igs sel out on pages 7 to 8. R•iponslbllltles •nd basls 01 rnport A8 the charity'$ Iruslees of the CornpaFy1oTh18150 ils directors for the (￿￿)$9$ of company lawl you are responsib￿ for the prepar8licth of the ac(&￿ts in acc￿￿￿nce with th• r8quir6m•nts of the Companles A¢1 2006 Ilhe 2006 Act'l. Hawng satisfied myself Ihal the aecwnts ol thè Company ar• ￿ requlrnd to be audited under Part 16 of Ihe 2C¥]6 kl and are eli9ibk8 for Independent examina￿n. I report In res￿¢¢ ol my eK8minal¥)n of your charity's accounts a5 Carried OLrt under seCt￿n 145 of th• Chorils Act 2011 11he 2011 Aci'i. In ¢8rrying t rny examination I h8v• lolbJw8d tho D¥octv￿$ giv•n by thg Charity Crynmission vncte¥ Sect￿ 145151 Ibl ol the 2011 Act. Ind•p•nd•nt •xamln•f ithtwn•nt Sln¢è the Companls gross excéeded £250.CKKI your examiner must be g rnern￿r of a body listed in $ectK)n 145 of the 2011 Act. I Confi￿ Ihal l am qUahr￿ 10 undertake thè gxamlnai)n becaus• I am A membef ol the ICAEW. whKh is on• ol the Iisled brIj￿$. I have eornpPeted my èxornination. I ￿fim) Ihai mattets have c4YM to my atten(K￿ in ￿￿1¢1￿n with the exarninalYs yfving m¢ cwJs• to l. accountirrfj reccrfth w•r• Th)t kepl in r•Bpect ol the Cc¢npany M requirnd ty 388 of tho 2006 Act.. or 2. th& #C￿UnIS do ml orxord with those recerfd$' or 3. Ih• Accounts do Tr)t compty with the acc¢#Jnting requffwn•nts of soctth 396 of Iht 2006 Act other than any r•quirernent Ihal the a¢¢ertJnls gNe a Irue an(1 f8if view whith 1$ nol a matttr considered as part 01 an indepondent exarn￿i￿.. or 4. the accounts hgve not been pr•￿red In accordm vKth thè methods and prfnclpl8s ol the Slatemenl of Recommended Pracbc8 for ac¢ounlirvJ reports'ng by charities appkabte to charili8s preparing thelr aKounts in a¢¢ordance wilh tho Financial Rep>￿.[￿a Stsndard applcablè in thè UK and Republic of Ireland IFRS 1021. I hav• nD concems and h8ve tome aL¥oss r#) other matt&ts in connection with the examination lo whlch attent￿n should bè drawn In this reF￿rt in order lo enabkn a proper undwstanding of the a¢counts lo be reached. Sarah Crispin ACA Institute of Chartered Accwnknts in EngL4nd Wa Stewardship 1 Lamb's Passage London EC1Y 8AB Dat8.. 6 December 2022 Pagp 4

Gatoway Church Ab¢r9av•nny STATEMENT OF FINANCIAL A¢TMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 IAARCH 2022 Tot81 Funds 2022 Totsl Funds 2021 ihestKltd Reslricled FuThJ5 Funds Note INCOME AND ENDOWMENTS FROM: Donations Charitable ac1wil￿$ Other tr8ding pKtivStk?s Inve$lment$ 207.A?n 411 10,371 51.529 1,320 259,349 1.731 10.371 380.046 4.380 7,230 77 Total In¢om• and endowrnents 218.631 52,849 271.480 401,634 expENDITURE ON- Charrtable aclwilies 189.024 52.089 241.113 257.358 Tolal •xpgndltur• 189.024 52.089 241,113 257.3S6 N•t 9lnslllo8•MI on Sn¥ttthwnt¥ N•t In¢omell•xp•ndltur•l 30,366 144.278 Trnnst•rn b•lw••n lund• 14 14,8OSI N•t m0￿mnI In lund8 34.411 14.0451 144,278 R•conclll*tlon of fvnds- Total funds brought forward 475,¥20 69,￿) 54S.210 400,932 Total fund• ¢ard•d I0￿1rd 14 510.331 6S.245 575.576 545.210 The 8la1•rn8nt offlnancial 8¢tNrtS0s iKfu(bgs all yins ￿(1 rgcowiwd in the >wr. I Ineomè and expenditu￿ dewo Irom conlinuiNJ op8r8tK)ns. Thè slalement of finanryal ac￿ltieS atso CAimphg5 Wilh the requirements ior an incfft and èxpenditure account required by the Cornpanles Act 2006. Thè note$ on page 7.13 fwn part of these accounts.

8LJJICE $MEET AS AY 31 MARCH 202Z Total Fund$ 2022 Total Funds 2021 Fuwjs Fu FIXEO ASSETS ran9iblè as58ts 152.834 152,834 155.793 152.831 152.834 155.793 CURAENTMSETS $￿k Dobtoryd ¢o$h èi ￿rtk Jnd in h•nd 3.450 3.450 3.26 422.067 2.600 9.?$2 J60272 4.076 389,691 61.795 363,524 245 428.769 396,366 CRED￿{HIs.. knounl• faiffjn9 du• wtthln on• wr 12 16.0271 {6.0271 {6.9SOI N•t ¢urr•nt a•••ts illwlhhsl 65245 422 742 510.331 6S.245 575.576 YS.210 TQTALIIET AS8ETS 510 331 65245 57s.sr6 545.210 FUND 8ALANCES Unr&stri¢ied Fu￿J5 Gert•rii funds D•%yMlgd funds 14 266.80J 223.52 51Q.331 286.803 223.$28 510.331 250,659 225.221 475.920 Roitrbthed Pur 85.245 510331 575 $76 The ch4ntS• cornpmy * •ntt4d lo •x•rytiM Irom ¥￿ytt S•cuon 477 of th• C¢qnpth•sA¢i 2¢X lorthe ￿•r•fid•d 31 14arth 2022 Th• m•mb•rn h•v• iequlr•dth• ¢wp•nyto obt4m •n Df rts forth• ￿•r •nded 31 M4rc 2022 In A¢c¢ro8n¢• S•c¢knTh 470 d th• C￿¥￿￿$ ￿ 2(￿ I￿v•r. in 145 01 thfr Ch•nbO6 Act 2011, Ihtr aCC47unts ha¥• b••n by An IrKl•p•ènl •yAmirnr and Ihw hA$ b••n thdud•d kn th•s• finDnc￿l Jtslernentj. Th• dirnctofs ltho ar• tharfiabhTr c47rnp9n￿l for th• ol tharity 18wl ackn￿ Ih•ir r•sponsibSI11i•• 141 ttrbèl th• ¢hantsbkn c4rnpAny k•epts rn¢thls compty %>ith Sectkns J86 and 387 01 the Ib} prpanng financw gfv• 8 pJ faw vlw $tst• •f th• C¥Amwny • il th• end of each fin•n¢i ￿•r and of rfs W WKOMD ¢¥ expondrfure lty In 4co)rdonce wrth th requlf•m•nty ol Seciwfj 3YI and 395 ¥nd olhthisti th• t•WirtM￿ts ol tho Cornwnies Aei 2fKkS Thè finandal hav• t•en Fwr•d * acxYdonL• tho fyf Pwt IS ol the AGI 2006 ielBbw to s￿11 ILYnpanies. The fin4wal SLAt•mènL La¥rnrKe Wiknn Charitynthmber. 1146 The rnteson pw 7.13 ofthe¥cwJnts.

Gal•wayChurEh AJ¥eryaYenny IIOTES TO THE ACCOUIITS FOR THE YEAR ÈNDED 31 IAARCH 2022 st￿￿1￿ryIn19nD1lfjo￿ Tho ¢harity k% a chaniAb wnpany lfflnited by gu#rwee and * YK(wated Unll&a Wom. Tl cornpatys ntsmbgraThl rtystered otffce adthes5 Gin ￿ I￿r￿j ￿the COm￿Y 1n1￿Ma￿jn PA9tr. Accoyrtln9 Poli¢i•• Rewrting by Chsrilies wèpaiing tWarcoL4lts in aCt(th￿th Firkwcial srartsd In UK and R•puN ol Ir•￿TId IFRS 1031 llhè th• R•portity StHnd apphotsbk ￿ thc Kiwdtsm R¥pvbli6 01 Ireland I'FRS 102.1. Compam¢s afvJilh th Charm￿￿£1 2011. TM chffj rr•¢6 tho definthn d• banefit •nlitya8 ￿1 FRS 102. n9 ¢0rtom bas15 h apw¢ryW• aNJ hkn consknd •vthirs ot c<￿ thsi whl c•sl swfuni ¢￿bI OD ihe •blKy of th• chwty lo contynL as ccrKem. Th• thts1•8s have tr¥# ass•s8m•nt lor • p?￿d OT al hast on• ￿ar Irc¢n thfr d4t• ol opptOV81 fiDllnci 8th￿￿•￿15. In pamc￿￿r th• tyuJlM• h•v•w)shed tho ftyoc45ts and kvo)A¢lv)ns and th• po$$jbl IrnplKAlwB woi•dao •Al￿￿ ¥4ryuMxp•¢dty. Tho rfu¥i••s haw ccffiduded th•1 Ihwe v6 & r•8S¢hab loadopl 90kn9 ewm baJ18 tts fih•nC4DI bl Jwi IrK0p￿ Inchdng Ih¥estrnent kneom• ￿ rnctyyyed whhth• ¢harilybecomgs ¢nUIW lo rncel. •mounl ￿Ce1vIb c4n b• m•$sur•d ￿ r•410nAtyK¥ wlwnty, and ie•pJ ￿ wobablfr FN mosl Wrt. Is f•eounisod li r•c•iv•4. ￿t￿rnE d•f•ri•o whBn ￿ chffj hm to fuwd ¢wii t•lLY• b•cvw4 OF the thfr dtsryy Ipe¢ffl•dlhèilhe b• •4nded m 4 firfuty r•knd. lrtome from donAbor4 11 Ro¢¢¥er•b￿ 91fl 4Kt. Tr¥• * r•cLwW tho * r•c•hd. th•1 hB• no b••h rncowr•d by lh• l 18¢111148, soThiceJ 9tyX1•. GoodB donAi•d io r•e49n&•d •& IrK47mo rwvablfr Il lolr ¥•￿9 Ibokng •n ••tsm•te of tho an￿￿1 11 c￿1 io purch•Je thNe rt•mll F•ciktM. Ind 9Dodi don•t•Q for chairtls ug• ¥r• r•cognised AS Ii¢om• rttrrf#￿ JI tw 10 chamy. Th• ¢h•nty rehj on to c•ry mffiy #l ts rth¥h￿. li th• SORP. of When kniled gty)ds. 8r¥￿tro f•¢ilb•S ¥• dOLrth4ed v ¢iM¢fv￿. ￿ eApth)W ¥1 f¥eCt olthos• itthmJ rd ift th Statorn•ni ol FlnoncKl•thlwJ. th• ￿¥1￿d 9octh th•1 hav• Trjt b••n drttrbA•d QT c4n•unW ar• tecognis•d •$ 8lork.' dtmoled fix•d i••ww•e•o•h•d. Incom• fwm ctyarilatle r•prosents from w•os. S•ry1c￿ f￿bE8 SUFd ki fuither•nEe of lh• ¢￿t￿l It ¥KrrfnB fmm 8ti1• Srhocl. Y(Kth Snclud¢s Inwne frorn crfir clwrch b•. EXper￿ltfft, kr4co¥e￿b￿y VAT. v5 recogn￿ kn it ty. rf ehr. ¥ 1 or ￿￿￿1rUe￿¥ Ob￿get1)n for 8 ThF charrty mekes 9rantS ts thDriiAt4è Grants pAYb￿ Dre re¢o9ni$¢d ¢tyl¥lruclNe obWK)rfy •lisg. whKh Is 9en•r4ty kn ihe chatty fjxpresses a COMM￿ to reci￿nt ihgt can be m•asuTed rdk4bty and then th10 •xi•nl that asKKiedwth olthe conlrd ol ihe thatily. The cosl olrarJhwfthKl¥ ￿ rK4 SYn￿aTrI￿rNI has nc4 be•Th s•pw¥letythscSJsed. inckndas cos15 as5(￿Ja￿ed ¥¢rfh th9 I￿peTh￿ni of the statomBnis. ojnslttuti(x￿ 51abth￿Y 1gulr4ttLenls and anyolF* inurred on $trate9K man8gwn￿t of thefhtrity.

NOTES TOTHE ACCOiINTS FOR ThE YeAR EIIDED 31 AiARCH 2022 Generèi funds are WWOStrcted fu￿$ are a¥b fry use ai th& trusleos ID of thè gmgral obiettivos ol the chaity. DoswrAted I￿8 unr8strKted that hav• ithn $th by ￿ trustees for part￿Uthr wrpD595. RestriCt£d ale be reBlrth ty do￿., i Incl￿0 dOr￿t￿$ T￿1¥80 trom aprth specththtrs QT WOiOCts. ed assets Items pur¢h¥7ed or th? chawi •r• C4K4wJ tost d ych•yed thn5, or ihB far V￿￿e of dr￿$ rttms. li moro than £I.C￿l the i4 gxpKt¢d to the ¢hty ovqr rrKYt Ihan ￿ 0￿U￿bn9 pttK)d Dapr6tsatKJn Is thargsd on 8 swa¥ht lin• so as th Yrf• (ky•Tr th• ol rts 05tThated r¢sKJal valuè Irf wyl over its èwed Fr•ho￿￿ Lw$¢hOhY hTyv4•m• Equipme rd Ilm notttybwnod by Cw50￿ &fteri8kiw xc<JJntcltr twt¥Jing¥ re$KIu•i mi LW. rfjhyttt. uoofvl (hw3107y th•t th• ¥•￿ mayrh)t bTr r•cty•w•N•. Slock$ ofdOnlt4d rtWnB h•&1 fty io f•b WLY wrtsh•ble l& g•w•lyol or 8dl byd•hl 4nd O tr•re￿• Tho ch•rity owt•ttt #•fined p•r•i 8(tsmes thmpW. Obbg•kn$ fw C¥Jntribulion8 to ith• •chomei •r• i•ugDIMd as an •xpDnse i• ww•. th•Je 5ckn ¥• h•hY svo1•ty trthm Ihom of the ckn¥ity In opeTrJ•rtty •hknstsr•d frjnth. Th6 CQTWly tsk￿ ol rqth frtyD •¥•lJbl• The chantys fi￿n￿al •bs•b ￿￿TrInC￿ •b d•knd ty FRS102. Ex¢•pl ¢i￿110r# and d•biors ar• rn•iSutyd &1 IheK•wt•d S•ttrrwM vAhJè Iiirym•tytr• r4 that th•rty exp•et• lo payt r•uiv?l. The chBrity t•etynuJ lor fvpol #l trot rern1w￿ ol th• y••r li.e. th• li•kniii ext1￿Je any mtwesi Chorge￿Ie on tho wifubJ• The ch•rtty thk•n 4thwity•ol4n SORP and hm kwrqd •￿thr￿•￿tIM￿t. Tho Irusieey do nottwshler Ih•r• weany ￿rt•￿ty41th• th•tri dat• t￿1 oyjd reiu Donatl•n 2022 2021 Donll¢b7Db mi in Inoie JD) Gtyqmmenl W￿¢¥ 3bl re¢iv•t4• 167,024 39,742 19.1 8.798 2S9.349 229,366 60,272 51.524 21.055 3B9,946 202Z 2021 cxvjs Lbn•ted fty". Or6thbvtwJn 10 b•ngfv 39.742 39.742 60.272 60.272 Gowmmentgf*rfs Comp￿.. Z022 19.166 19,166 51.$24 51,S24

Gatewaychurth Aberya¥efithy NOTES TO THEA¢COUNTS FOR THE YEAR ÈNDEO 31 IAARCH 2022 InGom• lrnm ¢h•ril•bl• xlhilth¥ 2022 Blbb Sthl Ythrth 0￿r 1.320 1,D23 1.074 717 4,380 Iryrii gllMrtr•dlng 2022 2021 10,371 10,371 7,230 7.230 Chwiibk• •xp•ndttu 2022 Colts Incurr•d dlr•rlty on Ipa¢￿¢ Saknes. tr8V•I •xp•ns•s Mwv5ty0xr￿s•5 and W¢rsNp ond Modi Sp•&k•rg ehihJi•n Ywih 6Sbkn S¢hty commu1￿ty PrWI 718.$07 2,717 119,S59 2.135 3.577 425 2.266 4,239 70 13.868 57.672 199.303 13.197 38.892 180.425 Qr•nt• p•y4bl• 6EI 9.789 209.266 Cmts IDcurr•d on iupport & •dmlnlitr4Uon Gvvernanca cosi$ 2.640 2.640 •w•n¢ R￿nn1￿ costs 2,611 13.329 13.970 7,738 15,564 9.801 Dowecwtyon $0.699 T•t•l •¥p•ndlturn 241,113 257.356 Thv fee payab io •x•rnThI prnp•Tkng •￿MIra￿ £J.tsX12021.. £2.e401". ￿ •&arf￿ Ihfy dwity pdd £15012021.. t￿}t0 Stoward5hykn ¢￿￿rKY seThtsi. Grnni4 pl￿bIl 2Q22 GrAnL* tsr UK forlhe rekfoftvrtrty

.$91

9.591 9.591 9,789 lthidua 2021 GT¥n15 UKaTrJ (pthsea5 rntsgknn 9.821 9.829 133 9.962 733 9.821

NOTES ro THE ACCOUFUS FOA ThE YEAR EIIDED 37 MARCH 2022 2022 Tho AssornWwdGcl vISk￿ ol F+ope Gkknm Wine Cyrnru E&t-W•st Ministr 4.800 1,224 1,224 1.224 1.224 542 9.591 772 9,821 2022 2021 GT¢$$W8g•s S¢¢i¥i secunty c05 108,4 6,126 114,723 2,787 2.046 116.507 119.555 Th• •veraq• fAffibw ol dwwvj wa$ 9 12Q1.' 91. W)Jl of th• e•rnJd by htoerb. No •toff r•¢•v•d •1• £60.CWp•rwA#n. (>Jrtry s•r k•y mun•9￿•￿ £37.16912021'. (37,2421. T•nglbkn Ilx•d aBi•l• Frn•W Fikwr•¥ Fknrpj aTrJ Tot41 Z022 Co&V¥#kn•tw Al l Apr112021 bo Al 31 M•rth 2022 102.5CIJ 18.Cts) 1.675 19.675 20.411 3.630 24.241 20D.911 5,505 162.50) l£cumukni•d 1 1 Apn12027 Cherge lor th• y•¥ AI 31 MDich 2022 22.750 3.2 73.36b N•1 VB 1 31 2022 136.5 Al 31 ￿1th f39.750 7.043 155.793 81o¢k 2021 ai•d 9Nx1$ For 3.4S0 2.6DD 10 D•bl¢ 2021 Fllltng du• wmhln on• ￿#￿. Tax mcdveraèlè Other thblors 2,927 325 3.252 2.103 1.973 4.076 P¥•0

NOTES TO THEA¢¢OUNTS Fckl ThE YE￿ EFIDED 31 MARCH 2022 11 Cuh 4t BJDk In MN 2022 2021 Cash al bank%%ith a￿•s$ 422,067 422.067 389,691 389,691 12 Cr•dltor•'. IWlilh• 1411kng du•wllhkn on• 2022 2021 Trade Cr¢drtm T￿1￿1 &iMJ AccruaKs (Xher credftOFS 787 5,240 1.495 2,640 2,￿5 Loans FNnc• w• Grnm 6.850 h¢m•$ No pension corniKrtWS WW• baknc• {2021." £nll. 1￿mIr8 C4Wr rf•n¥ftrn C]o$ing b418n¢• 2022 2022 2022 202Z 2022 5.617 {2ni 217.021 19981 014 4,599 Vlthn Fwd Fund) yr￿ Fw 217.021 (9511 225221 11.5081 223.528 218.$31 286.803 Total Umstrict•d 475.9X 218.631 1189.0241 510.331 M15slon Operntw2n G•wayR•l•r bujlng proi•¢t Fath•rsAw 18301 42.rJ1 147.7191 22.B22 26,421 16.002 25.101 14.074 14.3701 {2.5CQI 52.649 {52.￿} I4.8￿) 65.245 545.210 271.480 575.578 Al From General Fund tOd•s¥noied McbdBy Cknb fund 10 cov¢f¢x>sts thKexceeottdBwnakd fu￿ bkn. bl From FathprB Gvner¥l Fwds ¢kn totsrwixtah5ationofv￿ ycha5e olA trorn Fathers reStr￿￿a lurth. l Frorn Bib4e Fur￿ tO￿￿ra1 Fundythwkj re5]rK￿•￿V￿Jth ha¥ry bè•n •*xatsd to unwgitirted hi Ih? weviOUS year. dl Fr￿ OpernbC￿ G￿¥4¥0yRe￿ef1oG¢n￿ thè knoffixed 8sso

at•wayCfv￿h •knèrya¥entty F40TES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MIACH 2022 Art4fy•l• of n•t alS•ts bylvnd runds 2022 IY2.834 152.834 3,4S0 2.252 3.252 Inw81rn•nts hekl •5 UJfTerA ¥aih 81 bank and ￿ h 136.74 16.027) 223.528 61.795 422.067 16,0271 223.528 65,245 575,576 Trw•fws th• 2021 bathnc• 2021 2021 2021 2021 8lb S>W Fund HoSdAy CbJb 8uiklln9 FL¥ Yr¥th Fw 1.023 5.617 138TI 167.021 217.021 {757} 167.021 225.221 319223 298.649 1184.487) 1182.6861 2SO.699 Tolol Llrrnslri•d FL¥ 377.frt)S 1185.7011 115.6651 475.920 R••trkt•dFuJJdJ MIMlon $2S 2.110 6.510 14.180 830 29.485 25.101 14.074 1￿.275 Ho￿1n9 woieci FaIh•rsA￿5 Ir1.54)1 11.J601 17.025 23.325 101.954 171.6551 15.665 Aty¥egat• offl￿di 4ts).931 401.634 1257.3551 545.210 ofty•t byftthd In the preyths har, tIK• am¢15 and rob>￿. Gene1 Dé¥Jn•td ResiiKtsd T¥ngth fixed as¥• Slock Debtors C89h 81 b8tkk and hAnd Credttors f¥iry¢kn ¥JSthkn crn 155.793 155.793 2.6DD 4,076 389,691 16.950} 4.076 97.780 16.9501 225221 66,6 2￿.699 225.221 69.2 545,210 PWJB 12

G•lewAyChuth Abvryavenny NOTESTO THE AC¢OUFIT3 FOR THE YEAR ENDED 31 MARCH 2012 The Schoc4 FLTh1 L8 trfund5 reloieditsts bble School The HcdKlay C￿b F￿d rJ Incm artd fu runnty ol a hoWcJb. The Buik8iw FufKI dèsynaw futslre ￿ ¢os. kn 2D22 thè Fund'and i& lor veslrneni h $r•ffMg & needs. trict•dFunds 0￿ra￿n tsat￿AY R1 Fundss The Housirp Project rffjvhY•s I￿J%1￿ ATh1 SL¥wlforth• oJrcC4nm￿wtyl•Oq Tnjslefr F&wi. r•thgr• AtrnD Ctt. In n•w kTrwrccrfnmLtyIG¢¥ Vwjloe raportl. 15 wmh T•l•t•d P4nkn ring the y¢ar Ihe chaity" •) rtrcoived don•￿1 £10.8SO 12021." £16.9291 from r•i••d p•t¥ ￿hAll8 4ny ithi of k•y mwagem•nl and ckw toth•M). 16 M•mb•rn Each memb•f ol tho ¢LItrAkn ¢hwty* P¥gB 13

s%

Gateway Church Abergavenny

Report and Accounts Year ended 31 March 2022

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

Gateway Church Abergavenny

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2022

Trustees

Lawrence Wilson Susan Hopkins Katherine Mallord (appointed October 2020) Stephen Knight (resigned April 2021) Helen Cox (appointed April 2021; resigned September 2021) Stephanie Foley (appointed September 2022)

Company Secretary

Company Secretary Lawrence Wilson Key Staff Pastor Chris Vaz

Governing Document

Memorandum and Articles of Association dated November 2011 amended 5th January 2021

Company Registration Number 07842926 Charity Registration Number 1146530 Principal Address and Gateway Christian Centre Registered Office Monk Street Abergavenny Monmouthshire NP7 5ND

Independent Examiner

Bankers

Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB HSBC UK Bank plc National Westminster Bank Plc

Contents Page
Company Information 1
Trustees' Annual Report 2-3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Accounts 7-13
Detailed Statement of Financial Activities with Comparatives 14
Full Trustees' report Appendix

Page 1

GATEWAY CHURCH ABERGAVENNY

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2022

The trustees, who are the charity's directors for the purposes of company law, have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

The charity is a charitable company and is governed by its memorandum and articles of association. The objects of the charity, as set out in the governing document are to advance the Christian faith.

Summary of the charity's main activities and achievements

See Appendix for Annual Report which includes a full review of activities.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Structure, Governance and Management

The policy and operating decisions of the charity rest with the Directors who meet regularly to monitor the activities of the Company. New Directors are recruited and appointed according to the Governing Document; the Trustees may by ordinary resolution appoint a person who is willing to act to be a Trustee, ratified by resolution at a Church Members' Meeting.

Financial review

During the year income decreased by £130,154 to £271,480 and expenditure decreased by £16,243 to £241,113. As a result, the funds at the year end increased to £575,577, of which £508,657 is unrestricted.

Reserves policy

Our policy is to retain sufficient unrestricted reserves:

●To ensure that excessive funds are not held without any identifiable reason or for any identifiable purpose.

These reserves are considered in 2 parts: Financial reserves are considered in two parts:

●General reserves that are deemed necessary to meet future operational requirements and to protect the charity against future financial uncertainties including loss of income and unexpected increases in operating costs;

●Reserves set aside to meet future financial commitments for a specific significant project or venture or planned future commitment.

At the year end, the charity held unrestricted cash of £360,272 of which £223,528 is held for specific future projects and the charity is complying with its reserves policy.

Page 2

GATEWAY CHURCH ABERGAVENNY

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2022

Key risks and uncertainties

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

Responsibilities of trustees under company law

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material

departures disclosed and explained in the financial statements; and

  1. prepare the financial statements on a going concern basis unless it is inappropriate to presume

that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:

Lawrence Wilson

_______ Lawrence Wilson

Date: 6 December 2022

Page 3

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

Gateway Church Abergavenny ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022 on pages 5 to 14 following, which have been prepared on the basis of the accounting policies set out on pages 7 to 8.

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 accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company 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 accounts 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

Since the Company’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 the ICAEW, which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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 accounts to be reached.

Sarah Crispin

Sarah Crispin ACA Institute of Chartered Accountants in England and Wales

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: 6 December 2022

Page 4

Gateway Church Abergavenny

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Note
INCOME AND ENDOWMENTS FROM:
Donations
3
Charitable activities
4
Other trading activities
5
Investments
Total income and endowments
EXPENDITURE ON:
Charitable activities
6
Total expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14		 Unrestricted
Funds
£
207,820
411
10,371
29
218,631
189,024
189,024
-
29,606
4,805
34,411
475,920
510,331		 Restricted
Funds
£
51,529
1,320
-
-
52,849
52,089
52,089
-
760
(4,805)
(4,045)
69,290
65,245		 Total
Funds
2022
£
259,349
1,731
10,371
29
271,480
241,113
241,113
-
30,366
-
30,366
545,210
575,576		 Total
Funds
2021
£
389,946
4,380
7,230
77
401,634
257,356
257,356
-
144,278
-
144,278
400,932
545,210

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on page 7-13 form part of these accounts.

Page 5

Gateway Church Abergavenny

BALANCE SHEET

AS AT 31 MARCH 2022

Note
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Stock
9
Debtors
10
Cash at bank and in hand
11
CREDITORS: Amounts falling
due within one year
12
Net current assets / (liabilities)
Total assets less current liabilities
TOTAL NET ASSETS
FUND BALANCES
14
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
152,834
152,834
-
3,252
360,272
363,524
(6,027)
357,497
510,331
510,331
286,803
223,528
510,331
-
510,331		 Restricted
Funds
£
-
-
3,450
-
61,795
65,245
-
65,245
65,245
65,245
-
-
-
65,245
65,245		 Total
Funds
2022
£
152,834
152,834
3,450
3,252
422,067
428,769
(6,027)
422,742
575,576
575,576
286,803
223,528
510,331
65,245
575,576		 Total
Funds
2021
£
155,793
155,793
2,600
4,076
389,691
396,366
(6,950)
389,417
545,210
545,210
250,699
225,221
475,920
69,290
545,210

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

Lawrence Wilson Lawrence Wilson

Date: 6 December 2022

The notes on page 7-13 form part of these accounts.

Company number: 07842926

Charity number: 1146530

Page 6

Gateway Church Abergavenny

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from Bible School, Youth activities and Housing Project.

Income from other trading activities represents income receivable from activities undertaken to generate funds for the charity. It includes income from the hire of the church buildings.

Investment income represents income generated by the charity's assets and includes income from bank interest.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

Page 7

Gateway Church Abergavenny

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold land Is not depreciated (because it is not consumed by use) Freehold buildings Over 50 years after taking account of the building's residual value Leasehold improvements Over the lease term or, if shorter, expected useful life Equipment Over 3 to 7 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Stocks Stocks of donated items held for distribution to beneficiaries are measured at fair value. Most regular stock is perishable (& generally at or beyond sell by date) and is therefore not included.

g) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

h) Taxation

The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

i) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

j) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

k) Critical accounting estimates and areas of judgement The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

3 Donations

Donations of cash and similar
Donations in kind (note 3a)
Government grants (note 3b)
Other grants receivable
a
Donations in kind comprise:
Goods donated for:
Distribution to beneficiaries
b
Job Retention Scheme grants
Government grants comprise:		 2022
£
167,024
39,742
19,166
8,798
259,349
2022
£
39,742
39,742
2022
£
19,166
19,166		 2021
£
229,366
60,272
51,524
21,055
389,946
2021
£
60,272
60,272
2021
£
51,524
51,524

Page 8

Gateway Church Abergavenny

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

4 Income from charitable activities

Housing project
Bible School
Youth
Other
5
Income from other trading activities
Rental income
6
Charitable expenditure
a
Costs incurred directly on specific activities
Salaries, travel and expenses
Ministry expenses and training
Worship and Media
Speakers expenses
Children and Youth work
Bible School
Community Projects
Donations in kind expensed
Grants payable (note 6c)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Other
Insurance
Running costs and admin
Utilities
Building repairs and maintenance
Depreciation
Total expenditure		 2022
£
1,320
-
411
-
1,731
2022
£
10,371
10,371
2022
£
116,507
2,717
2,606
2,266
4,239
-
13,197
38,892
180,425
9,789
190,214
3,000
3,000
2,766
11,505
15,564
9,601
8,464
50,899
241,113		 2021
£
1,566
1,023
1,074
717
4,380
2021
£
7,230
7,230
2021
£
119,559
2,135
3,577
425
1,996
70
13,868
57,672
199,303
9,962
209,266
2,640
2,640
2,611
13,329
13,970
7,738
7,802
48,090
257,356

The fee payable to the independent examiner for preparing and examining the accounts was £3,000 (2021: £2,640); in addition the charity paid £150 (2021: £90) to Stewardship for consultancy services.

c Grants payable

Grants for UK and overseas mission
Grants for the relief of poverty
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for the relief of poverty		 Institutions
£
9,591
9,591
Institutions
£
9,821
9,821		 Individuals
£
198
198
Individuals
£
8
133
141		 2022
£
9,591
198
9,789
2021
£
9,829
133
9,962

Page 9

Gateway Church Abergavenny

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

The charity's principal grants to institutions comprised:

The Assemblies of God
Vision of Hope Gilwern
New Wine Cymru
East-West Ministries
Grants to institutions for less than £1,000 each		 2022
£
4,800
1,224
1,224
1,800
542
9,591		 2021
£
4,800
1,224
1,224
1,800
772
9,821
7
Gross wages and salaries
Social security
Pension costs
Analysis of staff costs, the cost of key management personnel and trustee remuneration		 2022
£
108,490
6,126
1,891
116,507		 2021
£
114,723
2,787
2,048
119,559

The average monthly number of employees during the year was 9 (2021: 9). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Company Information page.

During the year key management received employment benefits totalling £37,169 (2021: £37,242).

No trustees received employment benefits in either the current or preceding year.

8 Tangible fixed assets

Cost/valuation
At 1 April 2021
Additions
At 31 March 2022
Accumulated depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021
9
Stock
Donated goods
For distribution to beneficiaries
10
Debtors
Falling due within one year:
Tax recoverable
Other debtors		 Freehold
Fixtures
Property
£
£
162,500
18,000
1,675
162,500
19,675
22,750
9,000
3,250
1,912
26,000
10,912
136,500
8,763
139,750
9,000
Land & buildings		 Fittings and
equipment
£
20,411
3,830
24,241
13,368
3,302
16,670
7,571
7,043
2022
£
3,450
3,450
2022
£
2,927
325
3,252		 Total
2022
£
200,911
5,505
206,416
45,118
8,464
53,582
152,834
155,793
2021
£
2,600
2,600
2021
£
2,103
1,973
4,076

Page 10

Gateway Church Abergavenny

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

11 Cash at Bank and in Hand

h at Bank and in Hand
Cash at bank with immediate access
itors: liabilities falling due within one year
Trade creditors
Taxation and social security
Accruals
Other creditors
Deferred income
Loans
Finance lease liabilities
Grant obligations		 2022
£
422,067
422,067
2022
£
787
5,240
-
-
6,027		 2021
£
389,691
389,691
2021
£
1,405
2,640
2,905
6,950

12 Creditors: liabilities falling due within one year

13 Pension commitments

During the year employer’s pension contributions totalling £1,891 (2021: £2,048) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2021: £nil).

14 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Bible School Fund
Holiday Club
Vision Fund (previously called Building Fund)
Youth Fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Mission
Operation Gateway Relief
Housing project
Fathers Arms
Aggregate of funds		 Opening
balance
2022
£
5,617
(277)
217,021
2,860
225,221
250,699
475,920
630
29,485
25,101
14,074
69,290
545,210		 Incoming
resources
2022
£
-
-
-
-
-
218,631
218,631
-
42,731
1,320
8,798
52,849
271,480		 Outgoing
resources
2022
£
(20)
(537)
-
(951)
(1,508)
(187,516)
(189,024)
-
(47,719)
-
(4,370)
(52,089)
(241,113)		 Transfers
in the year
2022
£
(998)
814
-
-
(184)
4,989
4,805
(630)
(1,675)
-
(2,500)
(4,805)
-		 Closing
balance
2022
£
4,599
-
217,021
1,908
223,528
286,803
510,331
-
22,822
26,421
16,002
65,245
575,576

The transfers referred to above were made for the following reasons:

a) From General Fund to designated Holiday Club fund to cover costs which exceed the designated fund balance.

b) From Fathers Arms to General Funds due to the capitalisation of the purchase of a cooker from Fathers Arms restricted funds.

c) From Bible School Fund and Mission Fund to General Funds due to restricted expenditure having been allocated to unrestricted in the previous year.

Page 11

Gateway Church Abergavenny

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Tangible fixed assets
Stock
Debtors
Investments held as current assets
Cash at bank and in hand
Creditors falling due within one year
In the previous year the movements in the charity's funds w
Designated Funds
Bible School Fund
Holiday Club
Building Fund
Youth Fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Mission
Operation Gateway Relief
Housing project
Fathers Arms
Aggregate of funds		 ere as follows:
Opening
balance
2021
£
4,664
110
50,000
3,609
58,383
319,223
377,605
525
2,110
6,510
14,180
23,325
400,931		 General
Designated
funds
funds
£
£
152,834
-
3,252
-
136,744
223,528
(6,027)
286,803
223,528
Incoming
Outgoing
resources
resources
2021
2021
£
£
1,023
(70)
-
(387)
-
-
8
(757)
1,031
(1,214)
298,649
(184,487)
299,680
(185,701)
113
(8)
100,275
(71,540)
1,566
-
-
(106)
101,954
(71,655)
401,634
(257,355)
Unrestricted Funds		 Restricted
funds
£
3,450
61,795
65,245
Transfers
in the year
2021
£
-
-
167,021
-
167,021
(182,686)
(15,665)
(1,360)
17,025
15,665
-		 2022
£
152,834
3,450
3,252
-
422,067
(6,027)
575,576
Closing
balance
2021
£
5,617
(277)
217,021
2,860
225,221
250,699
475,920
630
29,485
25,101
14,074
69,290
545,210

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
155,793
-
-
-
4,076
-
97,780
225,221
(6,950)
-
250,699
225,221
Unrestricted Funds		 Restricted
funds
£
-
2,600
-
66,690
-
69,290		 2021
£
155,793
2,600
4,076
389,691
(6,950)
545,210

Page 12

Gateway Church Abergavenny

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

Designated Funds

The Bible School Fund is for funds related to the bible school

The Holiday Club Fund is for income and expenses for the running of a holiday club.

The Building Fund was money designated for future building costs. In 2022 this fund was renamed the 'Vision Fund' and is for investment in staffing & building needs.

Restricted Funds

The Mission Fund relates to funds donated for missionaries and organisations that are supported by the charity (see Trustee report)

Operation Gateway Relief Fund is to support community projects

The Housing Project Fund provides housing and support for the homeless in our community (see Trustee report). Fathers Arms is a drop-In Café, providing food and support for those in need in our community (see Trustee report).

15 Transactions with related parties

During the year the charity:

Except as disclosed in note 7 'Analysis of staff costs', there have been no other transactions with related parties during the year.

16 Members

Each member of the company commits to contribute if the charity is wound up an amount of £10.

Page 13

Gateway Church Abergavenny

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 MARCH 2022

Note
INCOME AND ENDOWMENTS FROM:
Donations
3
Charitable activities
4
Other trading activities
5
Investments
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Total Expenditure
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14		 General
Designated
2022
2022
£
£
207,820
411
10,371
29
218,631
-
187,516
1,508
187,516
1,508
31,115
(1,508)
4,989
(184)
36,104
(1,692)
250,699
225,221
286,803
223,528
Unrestricted funds		 Restricted
2022
£
51,529
1,320
52,849
52,089
52,089
760
(4,805)
(4,045)
69,290
65,245		 Total
2022
£
259,349
1,731
10,371
29
271,480
241,113
241,113
30,367
-
30,367
545,210
575,576		 General
Designated
2021
2021
£
£
289,558
1,783
1,031
7,230
77
298,649
1,031
184,487
1,214
184,487
1,214
114,162
(183)
(182,686)
167,021
(68,524)
166,838
319,223
58,384
250,699
225,221
Unrestricted funds		 Restricted
2021
£
100,388
1,566
101,954
71,655
71,655
30,299
15,665
45,964
23,326
69,290		 Total
2021
£
389,946
4,380
7,230
77
401,634
257,356
257,356
144,278
0
144,278
400,932
545,210

Page 14