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2020-12-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020

GATEWAY CHURCH DARTFORD LIMITED

(A COMPANY LIMITED BY GUARANTEE) CHARITY REGISTRATION NUMBER 1148119 COMPANY REGISTRATION NUMBER 08064671

Independent Examiners Ltd

Unit 2

The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

GATEWAY CHURCH DARTFORD LIMITED (A COMPANY LIMITED BY GUARANTEE) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020

----- Start of picture text -----
Page
Legal and Administrative Information 3
Independent Examiner's Report on the Accounts 4
Directors' Report 5 to 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10 to 18
----- End of picture text -----

GATEWAY CHURCH DARTFORD LIMITED (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION

WORKING NAMES Gateway Church CHARITY NUMBER 1148119 COMPANY REGISTRATION NUMBER 08064671 DATE OF REGISTRATION 10th May 2012 START OF FINANCIAL YEAR 01 January 2020 END OF FINANCIAL YEAR 31 December 2020 DIRECTORS AT 31 DECEMBER 2020 Mrs Carol Adjal-Mensah Mr Matthew Munday Mr Timothy John Sams Mrs Beverley Veersawmy Appointed 13 September 2020 Mrs Marica Elaine Bluck Resigned 13 September 2020

The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.

GOVERNING INSTRUMENT

Memorandum and Articles Incorporated on 10th May 2012.

OBJECTS

a) To advance the Christian faith in accordance with the statement of beliefs appearing in the schedule to the articles hereto attached including but not by way of limitation through the planting of other Vineyard Churches in such ways and in such parts of Dartford, Kent, the United Kingdom or the World as the directors from time to time may think fit;

b) To further Christian education in such parts of Dartford, Kent, the United Kingdom and the World as the directors may from time to time think fit;

c) To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods and services of any kind, including through the provision of counselling, training in life skills and support in such parts of Dartford, Kent, the United Kingdom or the World as the trustees from time to time think fit;

d) To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.

CORRESPONDENCE ADDRESS

PRIMARY BANKERS

Cobden House 43 Spital Street Dartford Kent DA1 2DR HSBC Bank Plc 38 High Street Dartford Kent DA1 1DG

INDEPENDENT EXAMINER

Mrs Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF

3

GATEWAY CHURCH DARTFORD LIMITED (A COMPAP4Y LIM￿ED B Y GUARANTEE) INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31sr DECEM8ER 2020 crt to thetrustees/ m&nbers ￿Gatthty Churth D￿tr￿￿ Lld on the xctyjnts fcr the year endèj 31st D￿8￿ber 2020. R¢•pq¢tive r•wNwlbl1ltl￿ of tri••8 and •xamlMr The chu(ty¥ trustees are respwsible fLr thè pryarat￿ of the xcwnts. The chary¥ trustees conskler that an wdit ts nct r9]uIr￿ for thLs year under 144 of the Char1¢5 Act 2011 (the ow1t￿5 Act) and that an kndependent exarnination It b my res￿s[b￿r(Y to.. examlne the undtt 145 of the lJarlt5 Act, to fdk)w the prit&lures dovm h the general Dectkns by the Chwfcy Ccfflmbskn (under stttkjn 145{5llbl of the Charit5 Act, and to state whether partubr mattos have come to my tent Ba•1• o14nd•p¢Nl•rt ¢xamlrterf• •t•t•m•rt My examlnatth v+a5 card&J wt In rKcOrd0n￿ b¥lth g￿eral d1￿tknS gw by the (ffiar￿Y Commlssk)n. An examlnatbn IncbJde5 a re¥￿ cl the ￿£￿ntIng recwds kept by the char￿Y and ) comparbffi rf the accounts Pfesented w￿h those T￿ords. It kncludts con$kleratkn d Jny uThu$u)I terns or d15ck6ures h the xccunts, ond seek4ng expkinatbns from the trustees eon¢ernlng any such mattws. The prccedures undertakw do nrt PrO￿e al the evk1wce th wouk1 be requlred In n audr(, and CLxiseqUent￿ no oplnknn as to whether the x£￿￿t$ pre5Mt a Irue fav the report Ilmf(&J to th(se matters set out In the statement bek)w. llnd•￿nd•rt •x•mln•e• •t•t•m•nt In conntttkn w￿h rny exarnlnatth, no matter ha5 ccffle to my ¥ttent whkh me reascnabk cause to bthe tttat In. respe£r. the rts)ulrement$: to keep xcojntkng r￿ordS kn ￿CordanCe w￿h g￿t￿xI 130 dtht ()8r5 Art., and to prepare accwnts whh accord vlth the accwntlng records and wf(h the t<ctyJntthg rnjulrements of the Chortt5 Act ha¥ been mei,. ¢ to whth. kn my oplnk)n, ottentkjn sh￿lj be rxder to enable a prop¥ underst•ndlng of the tK¢¢X4nts to be reach*l. Donna Lwpkt IndePeThd￿t Examknws Ltd Unf£ 2 The Br￿jr￿ge ￿$InesS Cthtre Ddllng Lane P•Jsham P018 8NF Date.. 10th Septembsy 2021

GATEWAY CHURCH DARTFORD LIMITED (A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT

FOR THE YEAR ENDED 31ST DECEMBER 2020

The Directors present their report for the period ended 31 December 2020 together with the financial statements for the period then ended.

Objects

The objects of the charity are as set out on page 3 of these financial statements. These objects are primarily being met through the holding of weekly meetings, together with one-off events, social activities and the allocation through gifts of funds to such organisations or individuals that the trustees feel fit from time to time. The review of activities below gives further detail.

Financial Context and Background

The reader of these accounts will note that unrestricted income was slightly lower than prior year whilst expenditure was lower too. Both changes are related to the Covid 19 pandemic as costs reduced due to lower rent costs from not being able to meet and income reduced for the same reason.

Minimal restricted funds remain for Homeless Work and Training.

Reserves

The current reserves of the charity stand at £53,671 of which £52,495 resides in unrestricted funds as detailed in note 5 to the financial statements. It is the policy of the charity to retain £13,000 in unrestricted reserves. This is considered sufficient to cover any essential expenditure for the period of 3 months.

Reserves have increased but it is the plan of trustees to continue to save these funds to enable the charity to work out of its own facility.

Review of Activities

Church meetings

At the beginning of the year the main Church meetings continued to occur every Sunday morning at the Dartford Science and Technology College. These gatherings have included provision for both adults, young people and children.

After the pandemic resulted in the requirement to stop meetings, meetings continued but had to move on-line for the rest of the year. Indeed meetings indoors stopped for the rest of the year (with one exception) due to risk related issues and the inability to use the Dartford Science and Technology College owing to its primary use as a school.

Change of Leadership

During the year Russell and Marcia Bluck - the Senior Pastors of the Church resigned. With their support the trustees appointed new leadership and successfully appointed Chris and Beverley Veersawmy to the joint post of Senior Pastor. The trustees would like to record their thanks to Russell and Marcia for their hardwork and dedication to the Charity. The change was made on the 1[st] October 2020 in the only physical meeting since the pandemic hit.

Community

Community Events were also difficult to continue during the year but the church continued to support contacts from the Family Lunch Club by providing food packages to those who needed it.

Additionally, at the end of the year the church set out to support those in the community who had had a difficult time during the pandemic (or otherwise) by providing love in a box (a box with necessities and some luxury items).

The prayer life of the church continues to be of high importance, and this was incorporated within Wednesday weekly online meetings.

All such regular church meetings are held with the ultimate view of building relationships, teaching and sharing the good news of Jesus and encouraging people along their faith journey.

5

GATEWAY CHURCH DARTFORD LIMITED (A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT TRUSTEES AT 30 JUNE 2020

Pastoral Support

We continue to support those within our church and local community pastorally. Our main focus of support for this year has been:

Organisational Structure

The charity has a committee of trustees, elected and serving as set out in the Declaration of Trust. These trustees are responsible for all financial decisions and controls. Decisions involving new spending in excess of £300 are made at meeting of the trustees by a majority vote.

The Senior Pastors are able to authorise expenditure under £300.

Pastorally the church has two senior pastors who are responsible for the running and direction of the church. In addition a “core team” helped in the running and co-ordinating of various smaller groups and activities alongside several other volunteers.

The part time employee who assisted in the management of the administrative and facility running of the church in the past left in 2019 and this work was picked up by the Senior Pastors. Both of the Senior Pastors (current and previous) were formally employed by the church part time in 2020.

Connected Organisations

The church is a member of the Evangelical Alliance.

Internal Controls

The charity exercises what are considered by the trustees adequate internal controls over all financial transactions, in proportion to it size and volume of transactions.

Risks

The trustees have currently identified no major risks within the charity. The trustees keep these under review, and if any arose, suitable action would be taken, including the utilisation of professional advice if necessary.

6

GATEWAY CHURCH DARTFORD L114fTED (A COMPAIIY LDiifED BY GUARAP4TEE) DIAECTORS. REPORT (Continued) FOR THE YEAR Ela)ED 31sr DECEMBER 2020 true aid f (Ithe state ￿the £L￿￿Y a5 at the wd (I the fvwc6al rfthe surp￿5 w deftrt dthe In prepkng th(v $i￿ents the d*&tixs tre r4ur•l to:_ al sd2£t ￿£￿ntthg p(5 then ¥pty thwn C￿515t￿tI￿. CLYStnue in busffte5S. ) state 4>p￿ x¢iwJAtVlg Sta)d¥ds st&emwts d r&￿n￿￿d￿fj pr¥tte be￿ f¢￿. Subl￿t to any matww dyture5 di5ck6oJ and e¥D￿￿￿ kn the st&ements. The Dr￿tr￿S are Th￿￿tal}ll9 •J¢4uatÈ ciNJntn9 r&(¥ds h tknethe p(6th7 dthe crrnp•y toslKw vhplam the enkn tham tothsure that the ￿￿Kial stataments the Ctswies kt 2006 rnJutins maje und the kt. we atso rE5pmsb fry s&e4u¥dvw the ￿5￿5 rf the rixnpajy hthce ts tak¥)g r￿ffiabl￿ 5tws the pre￿￿tth det￿tr￿ d fr•Jd The Drert¢xs are ¥¥0 r￿p￿s1)k fty the rf the tJr¥ttrs' rwtyt. the dthe ￿d4)￿delt examner to the D￿&t￿s, reput Li to the reprrt th& ffi thefxe d th rwt thwe ¥e no nccffisstencs ¥¥h the fyure5 the st&￿￿ts. 14pwrNe the st&￿￿nt xtv¥ths bkn￿ $hett male a¥*le al

GATEWAY CHURCH DARTFORD LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2020

Notes
INCOME
Donations & Legacies
3a
Other Income
3b
TOTAL INCOME
Charitable Activities
4a
Governance Costs
4b
Costs of Generating Funds
4c
Grants
4d
NET INCOME/(EXPENSES)
Total Funds Brought Forward
18
TOTAL FUNDS CARRIED FORWARD
Prior Year Adjustment
Transfers between Funds
EXPENSES
TOTAL EXPENSES		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
2020
2019
£
£
£
£
50,957
-
-
50,957
61,782
-
-
-
-
349
50,957
-
-
50,957
62,131
24,726
-
-
24,726
52,165
1,575
-
-
1,575
1,635
72
-
-
72
119
200
-
-
200
-
26,573
-
-
26,573
53,920
24,384
-
-
24,384
8,211
27,785
1,176
-
28,961
20,751
(900)
-
900
-
-
325
-
-
325
-
51,595
1,176
900
53,671
28,961

All of the Charity's operations are classed as continuing operations.

8

GATEWAY CHURCH DARTFORD LIMTTED (A COMPANY LIpqrrED BY GUARArirEE) BALAPICE SHEET AS AT 31 DECEMBER 2020 Tot41 31-Dec-20 31-1119 Fund Funds Tangibk A%s&5 InytstM￿t Assets 1.256 1,256 1,682 Debtors & SWaytnents Cash at t¢ank and in hand 1,085 51.598 1.085 52,774 1.085 29,241 1.176 176 cr¢dito￿. due cffie ye 1,445 1,445 3,047 NEf CURRE14T AS5Ers 51.238 1.176 52.414 27.2BO TOTAL ASSEfs Itss currwt 176 54671 2&961 CVethtO￿ due i) mtye th￿ ￿t} 11 176 71 961 FUN￿oF THECHAAM Gwerai Funds otsWJnat￿ Fund5 R￿t￿ted Funds 51.595 51.595 900 1.176 27.785 1.176 1.176 TOTAL FVNDS 176 671 the 31st Dec￿btr 2020. The Dirtttus are the c(mpy was ent￿￿ tOe￿npt￿ trL¥n the to audit und stttu> 477 rfthe C(xnpafi￿ kt 2006 th& no rnembw c ma￿b￿S rtslu￿ti1 the to cotain ￿ ￿drf( ccwnts tr the yew n Quest￿ in xcc¥da)ce with 476 the kt. HIAVW, n LC(Yd￿ce wth 145 of the (thwitE5 Art 2011. the ￿c(￿ntS ha%e by ￿ Indqjwdwt rqjirt appeJr5 afiw the Note5 to the Fmanckql Ststan#its. The DTthlsl ackn1)￿19etheK re5p(ns>￿ fw c￿p￿9 the (thÈ Cffiipan& kn 2006 re5PKt ntKI9 r￿S and the preprtkn (1￿C￿nts. The accwnts have bew accmlce the P￿t 15 rfthe Q¥npaTrE5 2006 appk&k to crfflp￿￿ subjert to the Smal c(XTEp￿r5 rwjvne ￿d ￿ xc(rtt￿ceY•th the Fmcial Rrylrtilg st￿d￿d Sm EnttE5 leffettive April 20081. The dir￿ttrs ￿kn￿￿ge thw reSpl￿s￿l¢Ytr ensurng th& the c¢Ampany kws pr￿￿ &cuJntVlg c(mp ¥vith sect￿n5 386 cl the Att 2006 prqiarng 5tatvnwts 9we a true and fa.r rA the state faffa￿ (rf the C￿panY as at the rfthÈ ￿￿Cl31 it5 prce( ￿d tss fv the [nanC￿ ￿ in ￿cc￿d￿Ce the rf 5fflwms 394 and 395 and C¢htrw4tse the (the C(Knpan￿5 Att 2006 rdoting to ￿C￿nts. so fw as appk&k tOthÈcun￿y. 4)pro4ed by the D￿tr￿S M thÈ_.............. 5vJn￿ ryl ther bthdf by D￿tttw............................... ............... Yint Nune-. C£Ynpany Rejstratm Number: 08064671 43 So*al StreEt OAI 2DR

GATEWAY CHURCH DARTFORD LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020

1. ACCOUNTING POLICIES

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.

Basis of preparation:

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The 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 (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Assessment of Going Concern

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when:

Incoming Resources with Related expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and

Grants and Donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Tax Reclaims on Donations and Gifts

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.

Contractual Income and Performance Related Grants

This is only included in the SOFA once the related goods or services has been delivered.

Gifts in Kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as income receivable.

Volunteer Help

The value of any voluntary help received is not included in the accounts and is described in the Report of the Trustees.

Donated Services and Facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Investment Income

This is included in the accounts when receivable.

Investment Gains and Losses

This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

This page does not form part of the statutory financial statements

10

GATEWAY CHURCH DARTFORD LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020

1. ACCOUNTING POLICIES (continued)

Expenditure and Liabilities

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters.

Grants with Performance Conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.

Grants Payable without Performance Conditions

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.

Support Costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Investments

Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.

Fixed Assets

Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation Expense

Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:

PA & Musical Equipment 20%
Church Equipment 20%
Office Equipment 20%
Computer Equipment 20%

There has been no change to the accounting polices (Variation rules and methods of accounting) since last year.

This page does not form part of the statutory financial statements

11

GATEWAY CHURCH DARTFORD LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020

2. TANGIBLE FIXED ASSETS

Additions
Cost
At 1 January 2020
At 31 December 2020
Net Book Value
At 31 December 2020
At 1 January 2020
Accumulated Depreciation
At 1 January 2020
Charge for the Year
At 31 December 2020		 Computer
Equipment
Office
Equipment
Church
Equipment
PA & Musical
Equipment
2020
£
£
£
£
£
7,228
175
4,713
6,445
18,561
-
-
-
-
-
7,228
175
4,713
6,445
18,561
6,873
142
4,231
5,634
16,880
110
7
146
162
425
6,983
149
4,377
5,796
17,305
245
26
336
649
1,256
355
33
483
811
1,682

The annual commitments under non-cancelling operating leases and capital commitments are as follows:

31st December 2020 : None

31st December 2019 : None

This page does not form part of the statutory financial statements

12

GATEWAY CHURCH DARTFORD LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020

3. INCOMING RESOURCES

Note
5
b) Other Income
Income from events
Sale of Assets
Gifts & Donations
Income Tax Recovered
a) Donations & Legacies
Church collections		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
2020
2019
£
£
£
£
252
-
-
252
3,801
43,572
-
-
43,572
49,833
7,133
-
-
7,133
8,148
50,957
-
-
50,957
61,782
-
-
-
-
49
-
-
-
-
300
-
-
-
-
349

This page does not form part of the statutory financial statements

13

GATEWAY CHURCH DARTFORD LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020

4. RESOURCES EXPENDED

Note
b) Governance costs
c) Cost of Generating Funds
Advertising & Publicity
d) Grants
Charities
Church Societies
Travel & Hospitality
Website
Youth Work
a) Charitable Activities
Pastor's Expenses
Pension Costs
Rent & Rates
Repairs & Maintenance
Resources
Salaries & N.I
Sundry Expenses
Telephone Costs
Training Costs
Independent Examiner Fee
Bank Charges
Insurance Costs
Administrative Expenses
Audio Visual Expenses
Children's Work
Gifts & Donations
Hardship Relief
Homeless Breakfasts
License & Subscriptions
Lunch Club
Outreach Costs
Cleaning Costs
Cold Weather Shelter
Covid Food
Depreciation Expense
Equipment Costs
Food Bank		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
2020
2019
£
£
£
£
181
-
-
181
727
-
-
-
-
478
152
-
-
152
106
251
-
-
251
-
-
-
-
-
-
745
-
-
745
-
425
-
-
425
420
255
-
-
255
-
-
-
-
-
335
934
-
-
934
796
-
-
-
-
30
-
-
-
-
-
237
-
-
237
218
305
-
-
305
954
187
-
-
187
4,265
261
-
-
261
504
1,253
-
-
1,253
2,269
2,127
-
-
2,127
11,916
-
-
-
-
7
113
-
-
113
130
15,942
-
-
15,942
26,018
299
-
-
299
758
240
-
-
240
82
-
-
-
-
570
277
-
-
277
1,072
316
-
-
316
-
226
-
-
226
510
24,726
-
-
24,726
52,165
660
-
-
660
738
25
-
-
25
21
890
-
-
890
877
1,575
-
-
1,575
1,635
72
-
-
72
119
72
-
-
72
119
150
-
-
150
-
50
-
-
50
-
200
-
-
200
-

This page does not form part of the statutory financial statements

14

GATEWAY CHURCH DARTFORD LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2020

5. RESTRICTED FUNDS

CURRENT FINANCIAL YEAR

Homeless Support
Training Fund
Gifts & Donations
Haven Storehouse		 Balance
Unrealised
Balance
01-Jan-20
Income
Expenditure
Gain/Loss
Transfer
31-Dec-20
£
£
£
£
£
£
-
-
-
-
-
-
-
-
-
-
-
-
587
-
-
-
-
587
589
-
-
-
-
589
1,176
-
-
-
-
1,176

PREVIOUS FINANCIAL YEAR

Haven Storehouse
Homeless Support
Training Fund
Gifts & Donations		 Balance
Unrealised
Balance
01-Jan-19
Income
Expenditure
Gain/Loss
Transfer
31-Dec-19
£
£
£
£
£
-
-
-
-
-
-
335
-
(335)
-
-
-
587
-
-
-
-
587
589
-
-
-
-
589
1,511
-
(335)
-
-
1,176

The Restricted Funds are wholly represented by the Charity's cash reserves and are to be expended as specified above.

6. DESIGNATED FUNDS

CURRENT FINANCIAL YEAR

PREVIOUS FINANCIAL YEAR
Building Fund
Building Fund		 Balance
Unrealised
01-Jan-20
Income
Expenditure
Gain/Loss
Transfer
31-Dec-20
£
£
£
£
£
£
-
-
-
-
900
900
-
-
-
-
900
900
Balance
Unrealised
01-Jan-19
Income
Expenditure
Gain/Loss
Transfer
31-Dec-19
£
£
£
£
£
-
-
-
-
-
-
-
-
-
-
-
-

This page does not form part of the statutory financial statements

15

GATEWAY CHURCH DARTFORD LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2020

7. INVESTMENTS

The Charity held no investment assets during this or the previous financial period.

8. CASH AT BANK AND IN HAND

Current A/c
Gift Aid Tax Recoverable
Petty Cash
S AND PREPAYMENTS		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
31-Dec-20
31-Dec-19
£
£
£
£
50,698
1,176
900
52,774
29,179
-
-
-
-
62
50,698
1,176
900
52,774
29,241
Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
31-Dec-20
31-Dec-19
£
£
£
£
1,085
-
-
1,085
1,085
1,085
-
-
1,085
1,085

9. DEBTORS AND PREPAYMENTS

10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR

Sundry Creditors
Independent Examiner's Fee		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
31-Dec-20
31-Dec-19
£
£
£
£
785
-
-
785
2,267
660
-
-
660
780
1,445
-
-
1,445
3,047

11. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

The Charity held no long term liabilities during this or the previous financial period.

This page does not form part of the statutory financial statements

16

GATEWAY CHURCH DARTFORD LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2020

12. STAFF COSTS AND NUMBERS

Gross Wages & Salaries
Employer's National Insurance Costs
Pension Contributions		 TOTAL
2020
£
16,652
96
1,332
18,080		 TOTAL
2019
£
26,188
562
2,099
28,849

Average number of employees who were engaged in each of the following activities:

Charitable Activities TOTAL
2020
2
2		 TOTAL
2019
3
3

The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2019 - None)

13. CAPITAL AND RESERVES

The Company is Limited by Guarantee 08064671 and it is a charity registered with the Charity Commission 1148119.

It does not have a Share capital and has no income subject to Corporation Tax.

Surplus / Deficit for the financial year
Other Recognised Gains
Balance Brought Forward
Closing Funds at 31-Dec-20		 31-Dec-20
£
24,384
-
24,384
29,286
53,671		 31-Dec-19
£
8,211
-
8,211
20,751
28,961

14. TRUSTEES AND OTHER RELATED PARTIES

All employees are connected parties. Marica Bluck was a trustee (resigned in year) and received £6,825 during the year. (Russell Bluck, her husband, received £7,018 during the year. Beverley Veerasawmy is a trustee and received £1,776 during the year and Christopher Veerasawmy, her husband, received £2,461 during the year.

15. RISK ASSESSMENT

The Directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

16. RESERVES POLICY

The Directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Directors will endeavour not to set aside funds unnecessarily.

This page does not form part of the statutory financial statements

17

GATEWAY CHURCH DARTFORD LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2020

17. PUBLIC BENEFIT

The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Directors' report. The Directors confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

18. PRIOR YEAR ADJUSTMENT

The funds brought forward have been adjusted by £325 to reflect a true and fair view of the Charity's closing position as at 31st December 2020.

This page does not form part of the statutory financial statements

18