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




## **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 char*y¥ 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 lJarlt*5 Act,
to fdk)w the prit&lures dovm h the general D*ectkns by the Chwfcy Ccfflmbskn (under stttkjn
145{5llbl of the Charit*5 Act, and
to state whether part*ubr 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$:
to keep xcojntkng r￿ordS kn ￿CordanCe w￿h g￿t￿xI 130 dtht ()8r**5 Art., and
to prepare accwnts wh*h accord vlth the accwntlng records and wf(h the t<ctyJntthg rnjulrements of the
Chortt*5 Act
ha¥* been mei,. ¢
to whth. kn my oplnk)n, ottentkjn sh￿lj be rxder to enable a prop¥ underst•ndlng of the tK¢¢X4nts to be
reach*l.
Donna Lwpkt
IndePeThd￿t Examknws Ltd
Unf£ 2
The Br￿jr￿ge ￿$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: 

- 121 Coaching with our Senior Pastors 

- 121 Marriage coaching for couples in need of support 

- Referral to our counselling partnership Fegans and Oasis 

- Sign posting and linking to mental health support for both young people and adults 

## **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
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tknethe p(6th7 dthe crrnp•y toslKw vhplam the enkn
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nccffisstenc*s ¥¥*h the fyure5 the st&￿￿ts.
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## **GATEWAY CHURCH DARTFORD LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2020** 

|**Notes**<br>**INCOME**<br>Donations & Legacies<br>**3a**<br>Other Income<br>**3b**<br>**TOTAL INCOME**<br>Charitable Activities<br>**4a**<br>Governance Costs<br>**4b**<br>Costs of Generating Funds<br>**4c**<br>Grants<br>**4d**<br>**NET INCOME/(EXPENSES)**<br>Total Funds Brought Forward<br>**18**<br>**TOTAL FUNDS CARRIED FORWARD**<br>Prior Year Adjustment<br>Transfers between Funds<br>**EXPENSES**<br>**TOTAL EXPENSES**|Unrestricted<br>Restricted<br>Designated<br>**Total**<br>**Total**<br>Funds<br>Funds<br>Funds<br>**2020**<br>**2019**<br>£<br>£<br>**£**<br>**£**<br>50,957<br>-<br>-<br>50,957<br>61,782<br>-<br>-<br>-<br>-<br>349|
|---|---|
||**50,957**<br>**-**<br>**-**<br>**50,957**<br>**62,131**|
||24,726<br>-<br>-<br>24,726<br>52,165<br>1,575<br>-<br>-<br>1,575<br>1,635<br>72<br>-<br>-<br>72<br>119<br>200<br>-<br>-<br>200<br>-|
||**26,573**<br>**-**<br>**-**<br>**26,573**<br>**53,920**|
||**24,384**<br>**-**<br>**-**<br>**24,384**<br>**8,211**<br>27,785<br>1,176<br>-<br>28,961<br>20,751<br>(900)<br>-<br>900<br>-<br>**-**<br>325<br>**-**<br>**-**<br>325<br>**-**|
||**51,595**<br>**1,176**<br>**900**<br>**53,671**<br>**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 31-11*19
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(mp*y was ent￿￿ tOe￿npt￿ trL¥n the to audit und
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to the Fmanckql Ststan#its.
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ntKI9 r￿S and the preprtkn (1￿C￿nts.
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leffettive April 20081.
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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.
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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: 

- the charity becomes entitled to the resources; 

- the trustees are virtually certain they will receive the resources; and 

- the monetary value can be measured with sufficient reliability. 

## **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<br>**Cost**<br>At 1 January 2020<br>At 31 December 2020<br>**Net Book Value**<br>At 31 December 2020<br>At 1 January 2020<br>**Accumulated Depreciation**<br>At 1 January 2020<br>Charge for the Year<br>At 31 December 2020|Computer<br>Equipment<br>Office<br>Equipment<br>Church<br>Equipment<br>PA & Musical<br>Equipment<br>**2020**<br>£<br>£<br>£<br>£<br>£<br>7,228<br>175<br>4,713<br>6,445<br>18,561<br>-<br>-<br>-<br>-<br>-|
|---|---|
||7,228<br>175<br>4,713<br>6,445<br>18,561|
||6,873<br>142<br>4,231<br>5,634<br>16,880<br>110<br>7<br>146<br>162<br>425|
||6,983<br>149<br>4,377<br>5,796<br>17,305|
|||
||245<br>26<br>336<br>649<br>1,256|
||355<br>33<br>483<br>811<br>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<br>**5**<br>**b) Other Income**<br>Income from events<br>Sale of Assets<br>Gifts & Donations<br>Income Tax Recovered<br>**a) Donations & Legacies**<br>Church collections|Unrestricted<br>Restricted<br>Designated<br>**Total**<br>**Total**<br>Funds<br>Funds<br>Funds<br>**2020**<br>**2019**<br>£<br>£<br>**£**<br>**£**<br>252<br>-<br>-<br>252<br>3,801<br>43,572<br>-<br>-<br>43,572<br>49,833<br>7,133<br>-<br>-<br>7,133<br>8,148|
|---|---|
||**50,957**<br>**-**<br>**-**<br>**50,957**<br>**61,782**|
||-<br>-<br>-<br>-<br>49<br>-<br>-<br>-<br>-<br>300|
||**-**<br>**-**<br>**-**<br>**-**<br>**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<br>**b) Governance costs**<br>**c) Cost of Generating Funds**<br>Advertising & Publicity<br>**d) Grants**<br>Charities<br>Church Societies<br>Travel & Hospitality<br>Website<br>Youth Work<br>**a) Charitable Activities**<br>Pastor's Expenses<br>Pension Costs<br>Rent & Rates<br>Repairs & Maintenance<br>Resources<br>Salaries & N.I<br>Sundry Expenses<br>Telephone Costs<br>Training Costs<br>Independent Examiner Fee<br>Bank Charges<br>Insurance Costs<br>Administrative Expenses<br>Audio Visual Expenses<br>Children's Work<br>Gifts & Donations<br>Hardship Relief<br>Homeless Breakfasts<br>License & Subscriptions<br>Lunch Club<br>Outreach Costs<br>Cleaning Costs<br>Cold Weather Shelter<br>Covid Food<br>Depreciation Expense<br>Equipment Costs<br>Food Bank|Unrestricted<br>Restricted<br>Designated<br>**Total**<br>**Total**<br>Funds<br>Funds<br>Funds<br>**2020**<br>**2019**<br>£<br>£<br>**£**<br>**£**<br>181<br>-<br>-<br>181<br>727<br>-<br>-<br>-<br>-<br>478<br>152<br>-<br>-<br>152<br>106<br>251<br>-<br>-<br>251<br>-<br>-<br>-<br>-<br>-<br>-<br>745<br>-<br>-<br>745<br>-<br>425<br>-<br>-<br>425<br>420<br>255<br>-<br>-<br>255<br>-<br>-<br>-<br>-<br>-<br>335<br>934<br>-<br>-<br>934<br>796<br>-<br>-<br>-<br>-<br>30<br>-<br>-<br>-<br>-<br>-<br>237<br>-<br>-<br>237<br>218<br>305<br>-<br>-<br>305<br>954<br>187<br>-<br>-<br>187<br>4,265<br>261<br>-<br>-<br>261<br>504<br>1,253<br>-<br>-<br>1,253<br>2,269<br>2,127<br>-<br>-<br>2,127<br>11,916<br>-<br>-<br>-<br>-<br>7<br>113<br>-<br>-<br>113<br>130<br>15,942<br>-<br>-<br>15,942<br>26,018<br>299<br>-<br>-<br>299<br>758<br>240<br>-<br>-<br>240<br>82<br>-<br>-<br>-<br>-<br>570<br>277<br>-<br>-<br>277<br>1,072<br>316<br>-<br>-<br>316<br>-<br>226<br>-<br>-<br>226<br>510|
|---|---|
||**24,726**<br>**-**<br>**-**<br>**24,726**<br>**52,165**|
||660<br>-<br>-<br>660<br>738<br>25<br>-<br>-<br>25<br>21<br>890<br>-<br>-<br>890<br>877|
||**1,575**<br>**-**<br>**-**<br>**1,575**<br>**1,635**|
||72<br>-<br>-<br>72<br>119|
||**72**<br>**-**<br>**-**<br>**72**<br>**119**|
||150<br>-<br>-<br>150<br>-<br>50<br>-<br>-<br>50<br>-|
||**200**<br>**-**<br>**-**<br>**200**<br>**-**|



This page does not form part of the statutory financial statements 

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## **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<br>Training Fund<br>Gifts & Donations<br>Haven Storehouse|**Balance**<br>Unrealised<br>**Balance**<br>**01-Jan-20**<br>Income<br>Expenditure<br>Gain/Loss<br>Transfer<br>**31-Dec-20**<br>£<br>£<br>£<br>£<br>£<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>587<br>-<br>-<br>-<br>-<br>587<br>589<br>-<br>-<br>-<br>-<br>589|
|---|---|
||**1,176**<br>**-**<br>**-**<br>**-**<br>**-**<br>**1,176**|



## **PREVIOUS FINANCIAL YEAR** 

|Haven Storehouse<br>Homeless Support<br>Training Fund<br>Gifts & Donations|**Balance**<br>Unrealised<br>**Balance**<br>**01-Jan-19**<br>Income<br>Expenditure<br>Gain/Loss<br>Transfer<br>**31-Dec-19**<br>£<br>£<br>£<br>£<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>335<br>-<br>(335)<br>-<br>-<br>-<br>587<br>-<br>-<br>-<br>-<br>587<br>589<br>-<br>-<br>-<br>-<br>589|
|---|---|
||**1,511**<br>**-**<br>**(335)**<br>**-**<br>**-**<br>**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**<br>Building Fund<br>Building Fund|**Balance**<br>Unrealised<br>**01-Jan-20**<br>Income<br>Expenditure<br>Gain/Loss<br>Transfer<br>**31-Dec-20**<br>£<br>£<br>£<br>£<br>£<br>£<br>-<br>-<br>-<br>-<br>900<br>900|
|---|---|
||**-**<br>**-**<br>**-**<br>**-**<br>**900**<br>**900**|
||**Balance**<br>Unrealised<br>**01-Jan-19**<br>Income<br>Expenditure<br>Gain/Loss<br>Transfer<br>**31-Dec-19**<br>£<br>£<br>£<br>£<br>£<br>-<br>-<br>-<br>-<br>-<br>-|
||**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**|



This page does not form part of the statutory financial statements 

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## **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<br>Gift Aid Tax Recoverable<br>Petty Cash<br>**S AND PREPAYMENTS**|Unrestricted<br>Restricted<br>Designated<br>**Total**<br>**Total**<br>Funds<br>Funds<br>Funds<br>**31-Dec-20**<br>**31-Dec-19**<br>£<br>£<br>**£**<br>**£**<br>50,698<br>1,176<br>900<br>52,774<br>29,179<br>-<br>-<br>-<br>-<br>62|
|---|---|
||50,698<br>1,176<br>900<br>52,774<br>29,241|
||Unrestricted<br>Restricted<br>Designated<br>**Total**<br>**Total**<br>Funds<br>Funds<br>Funds<br>**31-Dec-20**<br>**31-Dec-19**<br>£<br>£<br>**£**<br>**£**<br>1,085<br>-<br>-<br>1,085<br>1,085|
||**1,085**<br>**-**<br>**-**<br>**1,085**<br>**1,085**|



## **9. DEBTORS AND PREPAYMENTS** 

## **10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Sundry Creditors<br>Independent Examiner's Fee|Unrestricted<br>Restricted<br>Designated<br>**Total**<br>**Total**<br>Funds<br>Funds<br>Funds<br>**31-Dec-20**<br>**31-Dec-19**<br>£<br>£<br>**£**<br>**£**<br>785<br>-<br>-<br>785<br>2,267<br>660<br>-<br>-<br>660<br>780|
|---|---|
||**1,445**<br>**-**<br>**-**<br>**1,445**<br>**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 

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## **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<br>Employer's National Insurance Costs<br>Pension Contributions|**TOTAL**<br>**2020**<br>**£**<br>16,652<br>96<br>1,332<br>**18,080**|**TOTAL**<br>**2019**<br>**£**<br>26,188<br>562<br>2,099|
|---|---|---|
|||**28,849**|



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

|Charitable Activities|**TOTAL**<br>**2020**<br>2<br>2|**TOTAL**<br>**2019**<br>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<br>Other Recognised Gains<br>Balance Brought Forward<br>Closing Funds at  31-Dec-20|**31-Dec-20**<br>**£**<br>24,384<br>-<br>**24,384**<br>29,286<br>**53,671**|**31-Dec-19**<br>**£**<br>8,211<br>-|
|---|---|---|
|||**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 

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## **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 

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