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← Gateway Church Abergavenny

2025-03-31-accounts

Gateway Church Abergavenny

Report and Accounts Year ended 31 March 2025

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

Gateway Church Abergavenny

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

Trustees Lawrence Wilson Susan Hopkins Katherine Mallord Stephanie Foley Joanna Taylor Aled Williams (appointed May 2025) Christopher Vaz (appointed May 2025) Company Secretary Lawrence Wilson Key Staff Pastor Chris Vaz Governing Document Memorandum and Articles of Association dated November 2011 amended 5th January 2021 & 30 May 2023.

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

Contents Page
Company Information 1
Trustees' Annual Report 2-12
Independent Examiner's Report 13
Statement of Financial Activities 14
Balance Sheet 15
Notes to the Accounts 16-23
Detailed Statement of Financial Activities with Comparatives 24

1

TRUSTEES’ ANNUAL REPORT

(INCORPORATING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2025

Gateway Church Abergavenny

Monk Street, Abergavenny NP7 5ND Registered in England & Wales 7842926

Registered Charity No. 1146530

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.

1.0 Achievements and performance

It is with immense gratitude to God that we present this annual report for 2024/25 We have continued to see His faithfulness and provision right through the year, as we pursue His purposes and steward His work in and through our fellowship. 2024/25 can be defined as a year of steady consolidation. There has been a healthy momentum in all areas of church life.

Our Sunday morning services have been vibrant, edifying, purposeful, and well-attended. As always, in addition to our own speakers, we have been blessed with a number of visiting speakers, including Caleb Ministries and the former lead from Ffald Y Brenin. We have seen a greater involvement of our children and young people at our services, including two services led by the Youth department. A number of our young people have also been involved in serving at Gateway Church Kids (our children’s church) as well as with the media during the main service. We continue to have a steady flow of visitors, with approximately 60 newcomers attending during the year.

Our Children’s and Youth Ministries continue to grow, as the respective reports herein will indicate. This year also saw the relaunch of our Young Adults ministry. Connect groups are the lifeline of the fellowship – keeping people connected, cared for, discipled and served in a more individual manner. There has been a healthy engagement and buzz across all Connect Groups, with each one carrying their own culture and flavour.

With 8 Water Baptisms in the year, 2024/25 also saw the introduction of our Discipleship Pathway, with 5 clear tracks for people to engage with on their journey from being a seeker to ultimately becoming an influencer in the Kingdom. Gateway Bible School covers the 5 tracks. Tracks 3 & 4 have just under 100 students in combined registration. Leadership 101 track 5 had around 35 students attending.

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We ran two sets of the Alpha Course with around 25 individuals attending through the year, with several church members serving on the hosting team.

Our community engagement and influence continued to grow, with the report below again giving further details.

Amongst the various connections and acknowledgements, our Gateway Community Café received one of the High Sheriff of Gwent’s Awards for 2024/25. Our Chair of Trustees received the GAVO Highly Commended Trustee of the Year Award. Also, notable, Operation Gateway Relief (OGR) - Christmas 2024 saw us serve the highest number of people to date – 2043 individuals across four categories.

We continue to recognize, appreciate and connect with the wider Body of Christ. In addition to our leaders attending various leadership gatherings, Gateway hosted The Assemblies Of God GB (AOG) annual South Wales Leaders Gathering and 4 New Wine Cymru East Valleys leaders' meetings. Our pastor serves as the AOG South Wales Area Leader, as well as sitting on the national team and on that of New Wine Cymru.

We were delighted to have a Gateway member, elected as the present Mayor of Abergavenny. The civic service held at Gateway attracted a number of significant local dignitaries. Our annual Servers' Appreciation Evening had over 100 of our amazing servers being celebrated at an informal evening of fun, food and fellowship. Our 2024 Christmas Carol Service was hosted at the Abergavenny Borough Theatre for the first time. The High Sheriff of Gwent, the Deputy High Sheriff, our Mayor, Head Teachers and Deputy Head Teachers of the various schools in Abergavenny, leads of key agencies like MCC, MHA, GAVO, as well as key individuals and business representatives were in attendance.

2.0 Objectives and Activities

This can be articulated in three straplines:

“To know God and to make Him known.” “To be a relational people.”

“To make room for the Holy Spirit.”

And:

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

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

To model a biblical pattern of local fellowship, where members do not 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).

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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 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).

As we look to 2025/26, we will continue to develop our 4 Areas of Focus:

  1. Mission

  2. Discipleship

  3. Prayer & the Supernatural

  4. Children & Young People

Some of our future plans include:

  1. Establish 4-5 new Connect Groups, to assist a growing congregation.

  3. Encourage more people onto our Discipleship Tracks.

  4. Integrate young people more into life of the fellowship (Sundays, various ministries, etc.).

  5. Pioneer a work amongst the Filipino community in Abergavenny.

  6. ministry grows.

  7. Develop our online presence further.

CLT – Our Core Leadership Team continues to faithfully provide oversight in administrating all the work and various ministries at Gateway. Each one works in collaboration with each other, as well as with their respective teams in ensuring our vision and areas of focus as a church are adhered to, and growing. The team meets through the year for discussion, prayer and planning. As part of that exercise, the team held a 24 hour away day in February along with the Trustees for team and relationship building.

2.1 Alpha Course

After the successful Alpha pilot course that was held from January to April 2024 we have since run two more Alpha courses. 17-18 guests attended Gateway’s second Alpha which took place from September to November 2024 and ran for 11 sessions. It included a successful retreat day to learn about and experience the power of the Holy Spirit. Most attendees stayed for the whole time whilst others popped in an out.

In January 2025 a third Alpha ran from January to April 2025 with 7 guests and included the Alpha Holy Spirit retreat day. Although we had fewer guests on this course all guests interacted well with the course material and are growing in their understanding of Biblical truths. The whole team worked together well to establish a comfortable, friendly atmosphere so that there was a bond on each table giving openness and vulnerability leading to deep sharing. The highlights were to see most of the guests growing in understanding of Biblical truth with several committing their lives to the Lord.

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2.2 Gateway Connect groups

Gateway Connect Groups are smaller groups that meet weekly or fortnightly, often in homes, where people have the opportunity to get to know one another, build strong relationships, and have fun together while growing in their faith. Currently we have twelve groups, each of which is led by a team of Connect Group Pastors. Our vision is to start four or five new groups over the next year with two to three already in the pipeline. Approximately 80% of the adults attending Gateway Church are part of a Connect Group. Gateway Connect Groups function with a dedicated team of Connect Group Pastors.

2.3 Cafe and Community

During Operation Gateway Relief: Christmas we served 2043 people in our community. This was by means of cooked Christmas meals and uncooked Christmas meal kits for people to cook at home. We have built strong relationships with organisations over the years such as Monmouthshire County Council and Monmouthshire Housing Association so they were able to refer people to Gateway.

Abergavenny were given a gift bag and Christmas card to wish them a merry Christmas from all at Gateway Church. Additionally, we were able to go into the town centre and give our gift bags and Christmas wishes to the local businesses. More than 300 children in our community received sweet bags.

The Community Cafe is open three times a week where we serve sandwiches etc., to around the 120 members of our community. We also serve around 90 hot meals each week all free of charge. Recently a group of residents from Maindiff Court have been attending once a week and we continue to develop a relationship with them. Regular donations come from local businesses, Morrisons, Greggs, The Angel Bakery and Waitrose as well as ad hoc donations from other businesses and individuals further afield.

Alongside the cafe, members of the community have the opportunity to do programmes and courses e.g. budgeting and literacy & confidence building run by Monmouthshire County Council and Monmouthshire Housing Association. We have also have Age Cymru running a group. Gwent Police have continued to run drop-in sessions on cyber-crime and keeping your home safe and we have worked with staff from the NHS around providing information to the community about the NHS services. The new IT suite is available to community users seeking assistance with computer skills and access to the internet.

In addition to these groups, we have partnered with Itec from whom 6 students have served with the cafe team on work experience and developed key transferable skills.

Servers were invited to two events recognising and celebrating the work with the community: the High Sheriff of Gwent award and the Monmouthshire Housing Association presentations.

2.4 OGR Schools

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Building upon OGR 2020 when we began delivering meals to support families during the pandemic, ‘OGR Schools’ has broadened to include wider conversations with local primary schools on how we can support families in need. Funding from the National Lottery supported the costs. During this past year we have provided 120 ‘Back to School’ packs (school bags with water bottles and snack boxes) to 5 local primary schools. We fulfilled a request from one school for help by providing 54 school colour hats for children coming to school with no hat during the sunny weather. We provide fruit every week for a local school to give to their youngest pupils as a healthy snack each day. All this has enabled us to further build good relationships, with several local Headteachers attending our Christmas Carol Service.

2.5 Prayer

As usual, all church events and activities have been covered by and included prayer. What's App groups have been heavily used for prayer requests.

It is encouraging to see so many attending the bi-monthly All Church Prayer Meeting and engaging in prayer for the various topics brought to us. Thank you to all who lead slots in these meetings.

There is a prayer meeting on the last Monday morning of each month in the main hall in Gateway. 10 a.m. start. Open to all.

Pre-service prayer takes place every Sunday at 9.15 a.m. in the cafe.

2.6 Children

Gateway Church Children & Young Families

This year has seen a growth in numbers in all the age groups within Gateway Young Families.

2.6.1 GC Tots – 11 children registered.

During the Sunday morning services, after the time of worship there is a session in the creche room for children aged 18 months to 4 years. The children play and have a snack and the creche team teach them each week through story and craft. Our dedicated group of servers, includes two Gateway Church Youth, who serve once a month.

The landing area and baby changing room are available for parents with babies 0-18 months during the service.

2.6.2 GC Kids – 30-35 children

GC Kids is for the primary school aged children and is split into 3 groups according to age, with 10 -12 children in each group. This enables the adults to bring an age appropriate focus to the group and to continue to build good relationships with the children. Each group has a

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teacher and an assistant, including 3 young helpers from Gateway Church Youth serving once a month.

teams for some time now. This consistency has enabled the team to build good relationships with the children who are settled and secure in their groups, and able to ask questions and contribute thoughts and suggestions in group discussions.

A ‘Light Party’ for GC Kids was held in October, with around 20 children attending.

2.7 Community Groups & Events

2.7.1 Young Families

Events for Young Families (those with children up to the age of 11) are usually in the form of outreach events to which Gateway families can invite along their friends with kids and we also invite families known to us through Holiday Club, Parents & Toddlers etc. In the last year these included an Easter Family Fun Drop-In and Picnic & Games in the Park.

2.7.2 Parents & Toddlers

Parents & Toddlers takes place every Friday morning during term times. 25-30 babies and toddlers attend with their parents, grandparents or carers. Rehoboth provides a great space for children to play while their parents relax with a tea or coffee and a chat. The team continue to build good relationships with the parents and grandparents, sometimes having the opportunity to share their faith, offer prayer, invite them to Sunday services or other Gateway events.

2.7.3 Holiday Club

With up to 100 children in attendance each day, the Deep Sea Divers Holiday Club took place in August with drama, games, stories, craft, singing, circus skills, food and great fun for children and the Holiday Club Team.

2.8 Youth and Young Adults:

2.8.1 Friday

2024 was another successful year for the Gateway youth team. The Friday provision engaged with a total of 45 young people over the course of the year (19 male / 26 female). Numbers averaged 17 although many evenings saw closer to 25 in attendance.

focussed on personal testimonies. The team also addressed topics that are prevalent in today’s culture to provide a biblical standpoint that is predominantly countercultural.

There has been a strong focus on embedding praise and worship into the provision and a monthly worship night is now a part of the calendar. We found that the young people that

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stepped up from the Children’s provision immediately took to the worship nights as they were already used to engaging in such sessions over the last few years.

The dance team, youth worship team and creative groups continue to meet from 6-7pm pre youth each week.

2.8.2 Sunday

Numbers fluctuated in accordance with parental attendance but averaged 13. Topics covered included Basix, The names of God and a study from the Open Doors movement.

The sit, soak and serve model is established with a core of young people serving in kids and creche monthly.

2.8.3 General

2.8.4 The Crew

Grown from 5 to 7 young people, the group meets weekly for self-guided bible study, once a month for social and pastoral input and attend quarterly youth team meetings. Their involvement provides a voice for our young people in all we do.

The Crew plan, prepare and deliver games on a Friday and are due to start delivering messages in 2025.

The criteria to join is a passion to pursue Jesus, desire to study the word and on the recommendation of the youth team.

Highlights of 2024/5:

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2.8.5 Young Adults

Young adults was successfully relaunched in March 25 for those aged between 16 and 22. The group is scheduled to take place every first Friday of the month from 8-10pm. The longer-term goal will be to increase this to bi-weekly.

2.8.6 Upcoming

2.9 Men's ministry

There have been breakfasts together at Y Bwty (Trading Post) on Saturday mornings, and occasional curry evenings. In June 3 men attended a weekend away in Swindon at the CVM (Christian Vision For Men) Gathering, A group meet fairly regularly for an early morning walk before work, to touch base and support each other. In the coming year these activities will continue, with others added as people have a shared interest. The aim is to build friendships and provide varied formats that will attract different men to meet together and begin supporting and encouraging each other.

2.10 Women's ministry

The women’s breakfast in January at Brewer’s Fayre attracted an attendance of 78 women and showed a great level of engagement as well as a time of worship and a talk from a representative of Towy Church Carmarthenshire.

Additionally, the Curry Night on October at Regency 59 in Abergavenny fostered fellowship and enjoyment among the 65 women who attended.

GC Women’s Ministry are tentatively planning a retreat for all women in June 2025 as well as afternoon tea events and more curry evenings.

2.11 Media

Our media team of servers continue to work hard behind the scenes for both Sunday services and community outreach. Our Sunday production team continues to grow, with our servers embracing new technologies and introducing new systems to make sure our Sunday services run seamlessly (both in the building and online). Our livestreamed Sunday service is broadcast on Facebook and YouTube and our engagement levels are healthy (compared to other churches) and viewer numbers growing.

We have been growing our social media presence by developing and actioning a social media strategy which communicates Gateway’s vision effectively across multiple platforms. We are seeing a significant growth in engagement with the content our small but hardworking team is producing.

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3.0 Health & Safety and GDPR

3.1 Health & Safety

There have not been any incidents or dangerous occurrences to report in the past period. We continue to monitor building safety continuously, so any proposed changes are assessed, and any appropriate control measures are applied.

There have only been a small number of minor injuries – only one requiring medical attention, which was a workman who cut himself on his own equipment.

3.2 GDPR

Our Data Protection registration with the Information Commissioner’s Office is up to date until next March next year. Our GDPR system continues to perform well, with people registering their communication preferences via our database. There has been a complete transfer our database to a new system, which is operating fully and successfully. We have not had any data breaches or complaints reported.

4.0 Structure, governance and management

4.1 The Board of Trustees

The Board of Trustees:

Lawrence Wilson (Chair, Safeguarding, Finance), Sue Hopkins (Human Resources), Kath Mallord (Without portfolio), Steph Foley (Without portfolio), Jo Taylor (Funding, Grants and Housing), Aled WIlliams (Co-opted: Buildings, IT, Health & Safety, Risk), Helen Cox (Co-opted: Without portfolio), Chris Vaz (Observer).

The trustees have met all the requirements of the Charity Commission and Companies House in terms of its financial and legal activities as a charity.

There have not been any health and safety incidents to report in the past period. There was one incident of serious concern which was fully investigated by the Safeguarding Officers of the church in partnership with Monmouthshire Social Services and Gwent Police, resolved and reported satisfactorily to the Charity Commission.

5.0 Financial review

The Statement of Financial Activities shows a surplus for the year of £21,473 (2024: deficit of £16,786), and reserves now stand at £578,306, of which £536,295 is unrestricted.

who consider themselves partners in the work of the ministry to which He has called us collectively.

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5.1 Reserves policy

Financial reserves are considered in two parts:

At the year end, the charity held unrestricted cash of £133,492, as well as restricted cash of £38,956. In addition, the charity also held an unrestricted 120 day notice deposit account balance of £249,348, and the charity is complying with its reserves policy.

6.0 Responsibilities of trustees under company law

statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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 (Statement of Recommended Practice)

  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

  5. 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

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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 M Wilson

~~…………………………………………~~ Lawrence M Wilson (Aug 13, 2025 15:09:21 GMT+1) ……………………… Lawrence Wilson

Aug 13, 2025 Date: …………………………………………..

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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 2025 on pages 14 to 24 following, which have been prepared on the basis of the accounting policies set out on pages 16 to 17.

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 (Aug 18, 2025 09:50:55 GMT+1)

Sarah Crispin ACA Institute of Chartered Accountants in England and Wales

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Aug 18, 2025

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Gateway Church Abergavenny

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations
3
Charitable activities
4
Other trading activities
5
Investments
6
Total income and endowments
EXPENDITURE ON:
Charitable activities
7
Total expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 Unrestricted
Funds
£
232,371
3,828
28,940
10,966
276,105
265,670
265,670
-
10,435
6,930
17,365
518,930
536,295		 Restricted
Funds
£
73,440
-
-
813
74,253
63,215
63,215
-
11,038
(6,930)
4,108
37,903
42,011		 Total
Funds
2025
£
305,811
3,828
28,940
11,779
350,358
328,885
328,885
-

21,473
-
21,473
556,833
578,306		 Total
Funds
2024
£
273,705
6,506
10,795
8,081
299,087
315,873
315,873
-
(16,786)
-
(16,786)
573,619
556,833

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 16-23 form part of these accounts.

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Gateway Church Abergavenny

BALANCE SHEET

AS AT 31 MARCH 2025

Note
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Stock
10
Debtors
11
Investments
12
Cash at bank and in hand
13
CREDITORS: Amounts falling
due within one year
14
Net current assets / (liabilities)
Total assets less current liabilities
TOTAL NET ASSETS
FUND BALANCES
16
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
141,527
141,527
-
17,045
249,348
133,492
399,885
(5,117)
394,768
536,295
536,295
299,354
236,941
536,295
-
536,295		 Restricted
Funds
£
1,655
1,655
1,400
-
-
38,956
40,356
-
40,356
42,011
42,011
-
-
-
42,011
42,011		 Total
Funds
2025
£
143,182
143,182
1,400
17,045
249,348
172,448
440,241
(5,117)
435,124
578,306
578,306
299,354
236,941
536,295
42,011
578,306		 Total
Funds
2024
£
148,835
148,835
1,389
12,049
-
400,940
414,378
(6,380)
407,998
556,833
556,833
289,365
229,565
518,930
37,903
556,833

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 M Wilson --------------------------------------Lawrence M Wilson (Aug 13, 2025 15:09:21 GMT+1) Lawrence Wilson

Aug 13, 2025

Date: _______

Company number: 07842926

Charity number: 1146530

The notes on page 16-23 form part of these accounts.

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Gateway Church Abergavenny

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

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 Youth & Childrens' activities and other church events.

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.

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Gateway Church Abergavenny

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

2 Accounting Policies (cont.)

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 £500 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 Fixtures, Fittings & 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) Investments Current asset investments are investments which a charity holds for resale or pending their sale and cash or cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short-term cash commitments as they fall due. g) 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. h) 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. i) 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. j) 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). k) 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. l) 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)
Other grants receivable
Income tax recoverable
a
Donations in kind comprise:
Goods donated for:
Distribution to beneficiaries		 2025
£
196,627
37,587
30,130
41,466
305,811
2025
£
37,587
37,587		 2024
£
189,472
40,333
11,930
31,971
273,705
2024
£
40,333
40,333

17

Gateway Church Abergavenny

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

4
Income from charitable activities
Youth & children's activities
Other events & activities
5
Income from other trading activities
Rental income
6
Investment income
Bank interest
7
Charitable expenditure
a
Costs incurred directly on specific activities
Salary costs
Ministry expenses and training
Worship and Media
Speakers expenses
Children and Youth work
Meetings and events
Community Projects
Failed Housing Project appeal donations returned
Donations in kind expensed
Grants payable (note 7c)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Insurance
Running costs and admin
AOG GB subscription
Utilities
Building repairs and maintenance
Depreciation
Total expenditure		 2025
£
2,626
1,202
3,828
2025
£
28,940
28,940
2025
£
11,779
11,779
2025
£
161,477
2,881
4,408
2,262
8,048
5,385
22,033
-
37,576
244,071
4,454
248,525
3,240
3,240
3,812
16,187
7,400
30,828
9,666
9,227
80,360
328,885		 2024
£
5,893
612
6,506
2024
£
10,795
10,795
2024
£
8,081
8,081
2024
£
148,099
3,846
3,331
2,212
8,177
1,887
15,382
15,836
43,761
242,532
4,299
246,831
3,120
3,120
3,795
13,463
4,800
25,731
9,799
8,334
69,043
315,873

The fee payable to the independent examiner for preparing and examining the accounts was £3,240 (2024: £3,120); in addition the charity paid £220 (2024: £210) to Stewardship for consultancy services.

In the previous year's accounts, the AOG GB subscription was included in grants. This has now been reclassified as a support & administration costs as the payment is partly in return for access to central support from AOG GB.

18

Gateway Church Abergavenny

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

7 Charitable expenditure (cont.)

c Grants payable

Institutions
£
Grants for UK and overseas mission
4,454
Grants for the relief of poverty
-
4,454
The comparatives for the previous year are as follows:
Institutions
£
Grants for UK and overseas mission
4,279
Grants for the relief of poverty
-
4,279
The charity's principal grants to institutions comprised:
Vision of Hope Gilwern
New Wine Cymru
EastWest Ministries
Grants to institutions for less than £1,000 each
Gross wages and salaries
Social security
Pension costs
Analysis of staff costs, the cost of key management personnel and trustee remuneration		 Individuals
£
-
-
-
Individuals
£
-
20
20
2025
£
1,224
1,224
1,800
205
4,454
2025
£
152,381
6,085
3,010
161,477		 2025
£
4,454
-
4,454
2024
£
4,279
20
4,299
2024
£
1,224
1,224
1,800
30
4,279
2024
£
141,335
4,172
2,592
148,099

8 Analysis of staff costs, the cost of key management personnel and trustee remuneration

The average monthly number of employees during the year was 8 (2024: 9) and the full time equivalent number of employees during the year was 5 (2024: 5). 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 £46,926 (2024: £42,725).

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

9 Tangible fixed assets

Cost/valuation
At 1 April 2024
Additions
At 31 March 2025
Accumulated depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Freehold
Fixtures
Property
£
£
162,500
19,675
-
-
162,500
19,675
32,500
14,735
3,250
1,912
35,750
16,647
126,750
3,028
130,000
4,940
Land & buildings		 Fittings and
equipment
£
37,619
3,575
41,194
23,724
4,066
27,790
13,404
13,895		 Total
2025
£
219,794
3,575
223,369
70,959
9,228
80,187
143,182
148,835

19

Gateway Church Abergavenny

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

10 Stock

Donated goods
For distribution to beneficiaries
Debtors
Falling due within one year:
Tax recoverable
Prepayments and accrued income
Current asset investments
120 day notice deposit account
Cash at Bank and in Hand
Cash at bank with immediate access
Notice deposits
Petty cash
Creditors: liabilities falling due within one year
Accruals
Deferred income		 2025
£
1,400
1,400
2025
£
4,889
12,156
17,045
2025
£
249,348
249,348
2025
£
172,425
-
23
172,448
2025
£
3,897
1,220
5,117		 2024
£
1,389
1,389
2024
£
4,599
7,450
12,049
2024
£
-
-
2024
£
160,480
240,207
253
400,940
2024
£
6,100
280
6,380

11 Debtors

12 Current asset investments

13 Cash at Bank and in Hand

14 Creditors: liabilities falling due within one year

Deferred income consists of advance payments for Youth Camp. The balance of £280 at the start of the reporting period was fully released during the year and the deferred income at year end of £1,220 will be released within one year.

15 Pension commitments

During the year employer’s pension contributions totalling £3,025 (2024: £2,592) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2024: £nil).

20

Gateway Church Abergavenny

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

16 Funds

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

Designated Funds
Bible School Fund
Holiday Club
Vision Fund
Youth Fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Operation Gateway Relief
Poverty and Hardship Fund
Gateway Community Café
Youth training
IT Hub
Other Restricted funds
Aggregate of funds		 Opening
balance
2025
£
4,599
-
223,325
1,641
229,565
289,365
518,930
19,996
12,710
2,621
141
2,434
-
37,903
556,833		 Incoming
resources
2025
£
-
477
8,144
2,149
10,770
265,335
276,106
26,633
-
39,490
-
-
8,130
74,253
350,358		 Outgoing
resources
2025
£
(120)
(3,616)
-
(2,797)
(6,533)
(259,137)
(265,670)
(21,813)
-
(39,687)
-
(515)
(1,200)
(63,215)
(328,885)		 Transfers
in the year
2025
£
-
3,139
-
-
3,139
3,791
6,930
-
-
-
-
-
(6,930)
(6,930)
-		 Closing
balance
2025
£
4,479
-
231,469
994
236,941
299,354
536,295
24,817
12,710
2,424
141
1,919
-
42,011
578,306

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

a) Transfer from General Funds to designated Holiday Club fund as a subsidy for this activity., p y gy y g b) during the current financial year. This was offset by £200 transferred from General to Other Restricted to clear deficit on other small funds.

Analysis of net assets by fund

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

ysis of net assets by fund
assets and liabilities of the various funds were as follows:
Tangible fixed assets
Stock
Debtors
Current asset investments
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
141,527
-
-
-
17,045
-
12,407
236,941
133,492
-
(5,117)
-
299,354
236,941
Unrestricted Funds		 Restricted
funds
£
1,655
1,400
-
-
38,956
-
42,011		 2025
£
143,182
1,400
17,045
249,348
172,448
(5,117)
578,306

21

Gateway Church Abergavenny

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

16 Funds (cont.)

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

Designated Funds
Bible School Fund
Holiday Club
Vision Fund
Youth Fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Operation Gateway Relief
Housing project
Poverty and Hardship Fund
Gateway Community Café
Youth training
IT Hub
Other Restricted funds
Aggregate of funds		 Opening
balance
2024
£
4,599
-
218,152
1,805
224,555
293,686
518,241
22,798
27,621
-
4,817
141
-
-
55,378
573,619		 Incoming
resources
2024
£
-
478
5,173
2,415
8,066
230,611
238,678
11,034
925
-
42,950
-
2,500
3,000
60,409
299,087		 Outgoing
resources
2024
£
-
(915)
-
(2,579)
(3,494)
(234,495)
(237,989)
(13,836)
(15,836)
-
(45,146)
-
(66)
(3,000)
(77,884)
(315,873)		 Transfers
in the year
2024
£
-
437
-
-
437
(437)
-
-
(12,710)
12,710
-
-
-
-
-
-		 Closing
balance
2024
£
4,599
-
223,325
1,641
229,565
289,365
518,930
19,996
-
12,710
2,621
141
2,434
-
37,903
556,833

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
£
£
146,575
-
-
-
12,049
-
137,121
229,565
(6,380)
-
289,365
229,565
Unrestricted Funds		 Restricted
funds
£
2,260
1,389
-
34,254
-
37,903		 2024
£
148,835
1,389
12,049
400,940
(6,380)
556,833

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 Vision Fund and is for investment in staffing & building needs. The Youth Fund is for funds to support activities with youth and young adults

Restricted Funds

Operation Gateway Relief Fund is to support community projects.

The Housing Project Fund was to provide housing support for the homeless in our community. During the previous financial year, the trustees agreed that this was now a failed appeal. As far as possible donors have been contacted and funds refunded or transferred to other causes as requested. The remaining balance in the fund represents donations received where donors either could not be identified or could not be contacted. The trustees resolved to use these funds for similar purposes in alleviating poverty and hardship in the communities in and around Abergavenny and the Charity Commission have given consent to this under section 67A(4) of the Charities Act 2011.

22

Gateway Church Abergavenny

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

16 Funds (cont.)

The Poverty & Hardship fund is to enable the Church to reach out to the vulnerable in the community in terms of day-to-day living, accommodation and general wellbeing needs.

Gateway Community Café (formerly known as Fathers Arms) is a drop-In Café, providing food and support for those in need in our community

The Youth Training Fund reflects the receipt and use of funds for training young people

The IT Hub Fund is to enable the charity to buy laptops and IT equipment so that IT courses, including online safety, can be provided to the public.

Other Restricted funds includes small one off appeals and donations and in 2024/25 a one-off grant to cover energy costs incurred in the previous financial year.

17 Transactions with related parties

During the year the charity:

Except as disclosed in note 8 'Analysis of staff costs', there have been no other transactions with related parties during the year.

18 Members

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

23

Gateway Church Abergavenny

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 MARCH 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations
3
Charitable activities
4
Other trading activities
5
Investments
6
Total income and endowments
EXPENDITURE ON:
Charitable activities:
7
Total Expenditure
Net income/(expenditure)
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 General
Designated
2025
2025
£
£
232,371
-
1,202
2,626
28,940
-
2,822
8,144
265,335
10,770
259,137
6,533
259,137
6,533
6,198
4,237
3,791
3,139
9,989
7,376
289,365
229,565
299,354
236,941
Unrestricted funds		 Restricted
2025
£
73,440
-
-
813
74,253
63,215
63,215
11,038
(6,930)
4,108
37,903
42,011		 Total
2025
£
305,811
3,828
28,940
11,779
350,358
328,885
328,885
21,473
-
21,473
556,833
578,306		 General
Designated
2024
2024
£
£
213,038
478
4,090
2,415
10,795
-
2,688
5,173
230,611
8,066
234,495
3,494
234,495
3,494
(3,884)
4,572
(437)
437
(4,321)
5,010
293,686
224,555
289,365
229,565
Unrestricted funds		 Restricted
2024
£
60,189
-
-
221
60,409
77,884
77,884
(17,475)
-
(17,475)
55,378
37,903		 Total
2024
£
273,705
6,506
10,795
8,081
299,087
315,873
315,873
(16,786)
-
(16,786)
573,619
556,833

24

Gateway Church Abergavenny 2025 Accounts - Final for Signing

Final Audit Report

2025-08-18

Created: 2025-07-30 By: Sarah Crispin (sarah.crispin@stewardship.org.uk) Status: Signed Transaction ID: CBJCHBCAABAAViNU4dr2sCm9jSsUVMyXHyreGqZ2pwtp

"Gateway Church Abergavenny 2025 Accounts - Final for Signin g" History

2025-07-30 - 09:26:40 GMT

Document emailed to lawrence.wilson@gatewaychurch.wales for signature

2025-07-30 - 09:27:30 GMT

2025-08-13 - 14:08:11 GMT

New document URL requested by lawrence.wilson@gatewaychurch.wales 2025-08-13 - 14:08:18 GMT

Document emailed to Sarah Crispin (sarah.crispin@stewardship.org.uk) for signature 2025-08-13 - 14:09:23 GMT