# **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021** ## **GATEWAY CHURCH DARTFORD LTD** **(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 LTD (A COMPANY LIMITED BY GUARANTEE) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021** **----- Start of picture text -----**
Page
Legal and Administrative Information 3
Directors' Report 4 to 6
Independent Examiner's Report on the Accounts 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10 to 18
**----- End of picture text -----**
## **GATEWAY CHURCH DARTFORD LTD (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 2021 **END OF FINANCIAL YEAR** 31 December 2021 **DIRECTORS AT 31 DECEMBER 2021** Mrs Carol Adjal-Mensah Mr Matthew Munday Resigned 25 April 2021 Mr Timothy John Sams Mrs Beverley Veersawmy 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 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 LTD (A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021** The Directors present their report for the period ended 31 December 2021 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 restricted income was a similar level to the previous year. The church continued to operate online at a reduced level due to the pandemic although face to face meetings resumed during the year around July at a new venue (Wilmington Community Church) where Sunday afternoon meetings have been held. Income also remained at similar levels but has stabilised. ## **Reserves** The current reserves of the charity stand at £63,507 of which £56,130 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 funds to enable the charity to work out of its own facility which will provide a better base to grow the churches activities from. ## **Review of Activities** ## Church meetings At the beginning of the year the main Church meetings continued to occur online due to the pandemic. These gatherings have included provision for both adults, young people and children. We made a decision not to return to the Technology College because the measures the school needed to employ would be difficult for us to manage and function as a church. Wilmington Community Church made it possible for us to meet together around the summer 2021. It was necessary and courteous to meet in the afternoon so they could continue to function in their building. ## **Community** Community Events were difficult to host due to the pandemic. Even after we moved to Wilmington Community church and started meeting together we found it incredibly challenging because people were meant to keep socially distant. The church did hold social and other invitational events both on-line and in person e.g. quiz and Carol Service and sought to use these events for community engagement and as an opportunity for people to give to other charitable causes. At the time of signing these accounts the church have started meeting in the morning at a new building and are looking for opportunities to engage with the local community around the new base. The prayer life of the church continues to be of high importance, and this was incorporated within Wednesday weekly online and in person meetings during the year. 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. 4 ## **GATEWAY CHURCH DARTFORD LTD (A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021** ## **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 Pastoral care with our Senior Pastors - Establishing new Pastoral Care team. - 121 Marriage coaching for couples in need of support - Referral to our counselling partnership Fegans and Oasis - Sign posting and linking charities 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 with the practicalities of the church in running and co-ordination of various smaller groups and activities alongside several other volunteers. ## **Connected Organisations** The church is a member of the Evangelical Alliance in the United Kingdom. ## **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. 5 ## **GATEWAY CHURCH DARTFORD LTD (A COMPANY UMITED BY GUARANTEE) DIRECTORS' REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021** ## **Directors' Responsibilities** Statement of Directors' Responsibilities: The Charities Act and the Companies Act require the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company as at the end of the financial year and of the surplus or deficit of the charity. In[p] reparing those financial statements the directors are required to :- - a) select suitable accounting policies and then apply them consistently; - b) make[j] udgements and estimates that are reasonable and prudent[; ] - c) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business[; ] - d) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements. The Directors are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at an time the financial position of the company and which are sufficient to show and explain the company's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps f[o] r the prevention. and detection of fraud and other irregularities. The Directors are also responsible for the Directors' report, and the responsibility of the independent examiner in relation to the Directors' report is limited to examining the report and ensuring that on the face of the report there are no inconsistencies with the figures disclosed in the financial statements. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. I approve the attached statement of financial activities and balance sheet and confirm that I have made available all information necessary for its preparation. Approved by the Directors on the ....... **Lf.: .. �P. .. .?.9. "?. � .. .** Signed on their behalf by Director ....... � ............. . Print Name ................ **[�] .�········.$A-.!".".1S ............... .** 6 ## **GATEWAY CHURCH DARTFORD LTD (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021** Report to the trustees/ members of Gateway Church Dartford Ltd on the accounts for the year ended 31st December 2021. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. - It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention ## **Basis of independent examiner’s statement** My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in, any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act ## have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF Date: 26th September 2022 7 ## **GATEWAY CHURCH DARTFORD LTD (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2021** |**Notes**
**INCOME**
Donations & Legacies
**3a**
Other Income
**3b**
**TOTAL INCOME**
Charitable Activities
**4a**
Costs of Generating Funds
**4b**
Grants
**4c**
**NET INCOME/(EXPENSES)**
Total Funds Brought Forward
**18**
**TOTAL FUNDS CARRIED FORWARD**
Transfers between Funds
Prior Year Adjustment
**EXPENSES**
**TOTAL EXPENSES**|Unrestricted
Restricted
Designated
**Total**
**Total**
Funds
Funds
Funds
**2021**
**2020**
£
£
**£**
**£**
36,861
-
1,700
38,561
50,957
-
-
-
-
-| |---|---| ||**36,861**
**-**
**1,700**
**38,561**
**50,957**| ||28,725
-
-
28,725
26,300
-
-
-
-
72
-
-
-
-
200| ||**28,725**
**-**
**-**
**28,725**
**26,573**| ||**8,136**
**-**
**1,700**
**9,836**
**24,384**
51,595
1,176
900
53,671
28,961
(3,600)
-
3,600
-
**-**
-
**-**
**-**
-
**325**| ||**56,130**
**1,176**
**6,200**
**63,507**
**53,671**| All of the Charity's operations are classed as continuing operations. 8 GATEWAY CHURCH DARTFORD LTD {A COIIPANY LiiqrrED BY GuARA1￿EE} BALANCE SHEET AS AT 31 DECEMBER 2021 Unrestrited ￿trrted FLtnd Funds Total Totsl 31thDetr21 31-Dec-20 Flxed Ass*15 Tèngibte Ass&s I￿￿tment Assds Nrtes 689 689 1,256 1,2 C¥nent AssEts Debt(￿5 & Prepayments Cash & bank and in h￿d 878 62.105 878 63.281 1.085 52.774 1.176 Total Curyent Assets 176 159 Creditor5: due wichin one year io 1.341 1,341 1.445 NET CLIRRENT ASSETS 61,642 1.176 62B18 52,414 TOTAL ASSETS ￿55 current 176 63,507 671 Creditor& due kn mtre tkn￿ 11 NET ASSErs 330 FUNDS OF THE CHARrrY General Fun¢Js eswjnated Funds Restritted Funds 56.130 6200 56,130 6.200 1,176 51.595 900 1.176 1.176 TOTAL FUNDS Fw the year e)ded 315t Decwnbw 2021. The Dwecttys are sati5fth the chwi(abk cc¥npaby Y￿5 ent*￿1 to exempttq) frixn the requrernent to audit und secr￿￿ 477 (*theC{Mp￿kS P£t 2006 that no mwnber cf tnernbers hae the company io cA>ta￿ * audft t* fts acci)unts frK the year in quest￿ ￿ ￿cl￿danCe with 476 ￿ the kt. H{*￿￿. ￿ att(rdance with s¥tw 145 of the Ch¥it*s Att 2011, the Kcwnts have be￿ by ￿ Vndep*)dent whc6e rep¢xt ￿pearS after the Note5 to the Financ￿1 Statements. The Directwlsl thar re5Pffl5b*y ccthptyiig *th the rquwnents c(the C￿np￿￿5 ALt 2006 wlth rtspert to accounting ￿er&S the ￿t[AInts. The ￿£0￿ntS havÈ been prep￿1 fft ￿(l￿dance *th the prtr4tsTh5 n Part 15 cl the c£*np￿*s P£t 2006 aPpknb￿ to cthmpanies subi¥t to the Smal cornpanE5 rejine a)d in ￿[1￿11￿￿ **h the IiqMrt￿g S￿dar￿ tr Srnaler Ent* lthctive April 20081. The directors ackn(WI￿ge thwr respty)siblity for enSUr￿g that the c(mpany Ws prwer ￿cojntI19 r￿ordS whrh c(xnp w((h settlM5 386 (* the Act 2006 and fw Prep￿ng financk4 Stat￿entS whrh gwe a true wew of the state of affairs of the comp￿¥ ￿ at the eRd (rf the thancw yw and *s pr(fft ané k6s fc* the financ&41 ￿COrdanCe the reqLtir8)ient ￿ S￿￿￿5 394 and 395 and (*hww75e c(mpty wth the Lythe c￿npan*S Att 2006 rdating to ￿£(AInts, sofar as rflpkab￿ to the CLYnpany. Apprvdal by the D¥&tors th th￿............................. Zo22 sw)n￿ ￿ thetr bthay by Dryt(Y..................... Print Name.. -r!.vfJ..... SR VWS............. p￿V Reg￿rat￿￿ Numb￿ '. Regsttr*J Offte: 8064671 43 SoftJ Stred Kent DAI 2DR ## **GATEWAY CHURCH DARTFORD LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021** ## **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 related expenditure are reported gross in the SOFA. ## **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 LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021** ## **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 LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021** ## **2. TANGIBLE FIXED ASSETS** |Additions
**Net Book Value**
At 31 December 2021
At 1 January 2021
**Accumulated Depreciation**
At 1 January 2021
Charge for the Year
At 31 December 2021
**Cost**
At 1 January 2021
At 31 December 2021|Computer
Equipment
Office
Equipment
Church
Equipment
PA & Musical
Equipment
**2021**
£
£
£
£
£
7,228
175
4,713
6,445
18,561
-
-
-
-
-| |---|---| ||7,228
175
4,713
6,445
18,561| ||6,983
149
4,377
5,796
17,305
245
26
167
130
568| ||7,228
175
4,544
5,926
17,873| ||| ||(0)
-
169
519
689| ||245
26
336
649
1,256| The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2021 : None 31st December 2020 : None This page does not form part of the statutory financial statements 12 ## **GATEWAY CHURCH DARTFORD LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021** ## **3. INCOMING RESOURCES** |Note
**5**
Gifts & Donations
Income Tax Recovered
**Donations & Legacies**
Church collections|Unrestricted
Restricted
Designated
**Total**
**Total**
Funds
Funds
Funds
**2021**
**2020**
£
£
**£**
**£**
1,072
-
1,700
2,772
252
28,716
-
-
28,716
43,572
7,073
-
-
7,073
7,133| |---|---| ||**36,861**
**-**
**1,700**
**38,561**
**50,957**| This page does not form part of the statutory financial statements 13 ## **GATEWAY CHURCH DARTFORD LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021** ## **4. RESOURCES EXPENDED** |Note
**Governance costs:-**
**b) Cost of Generating Funds**
Advertising & Publicity
**c) Grants**
Charities
Church Societies
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
Independent Examiner Fee
Bank Charges
Insurance Costs
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
Building Maintenance|Unrestricted
Restricted
Designated
**Total**
**Total**
Funds
Funds
Funds
**2021**
**2020**
£
£
**£**
**£**
5
-
-
5
181
-
-
-
-
-
300
-
-
300
-
-
-
-
-
152
-
-
-
-
251
-
-
-
-
-
-
-
-
-
745
568
-
-
568
425
1,082
-
-
1,082
255
-
-
-
-
-
231
-
-
231
934
-
-
-
-
-
-
-
-
-
-
166
-
-
166
237
-
-
-
-
305
74
-
-
74
187
156
-
-
156
261
1,252
-
-
1,252
1,253
7,095
-
-
7,095
2,127
-
-
-
-
-
-
-
-
-
113
15,666
-
-
15,666
15,942
21
-
-
21
299
72
-
-
72
240
130
-
-
130
-
93
-
-
93
277
147
-
-
147
316
-
-
-
-
226
696
-
-
696
660
9
-
-
9
25
962
-
-
962
890| |---|---| ||**28,725**
**-**
**-**
**28,725**
**26,300**| ||-
-
-
-
72| ||**-**
**-**
**-**
**-**
**72**| ||-
-
-
-
150
-
-
-
-
50| ||**-**
**-**
**-**
**-**
**200**| This page does not form part of the statutory financial statements 14 ## **GATEWAY CHURCH DARTFORD LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021** ## **5. RESTRICTED FUNDS** ## **CURRENT FINANCIAL YEAR** |**PREVIOUS FINANCIAL YEAR**
Homeless Support
Training Fund
Homeless Support
Training Fund|**Balance**
Unrealised
**Balance**
**01-Jan-21**
Income
Expenditure
Gain/Loss
Transfer
**31-Dec-21**
£
£
£
£
£
**£**
587
-
-
-
-
587
589
-
-
-
-
589| |---|---| ||**1,176**
**-**
**-**
**-**
**-**
**1,176**| ||**Balance**
Unrealised
**Balance**
**01-Jan-20**
Income
Expenditure
Gain/Loss
Transfer
**31-Dec-20**
£
£
£
£
**£**
587
-
-
-
-
587
589
-
-
-
-
589| ||**1,176**
**-**
**-**
**-**
**-**
**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-21**
Income
Expenditure
Gain/Loss
Transfer
**31-Dec-21**
£
£
£
£
£
£
900
1,700
-
-
3,600
6,200| |---|---| ||**900**
**1,700**
**-**
**-**
**3,600**
**6,200**| ||**Balance**
Unrealised
**01-Jan-20**
Income
Expenditure
Gain/Loss
Transfer
**31-Dec-20**
£
£
£
£
£
-
-
-
-
900
900| ||**-**
**-**
**-**
**-**
**900**
**900**| This page does not form part of the statutory financial statements 15 ## **GATEWAY CHURCH DARTFORD LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021** ## **7. INVESTMENTS** The Charity held no investment assets during this or the previous financial period. ## **8. CASH AT BANK AND IN HAND** |**9. DEBTORS AND PREPAYMENTS**
Current A/c
Gift Aid Tax Recoverable
Sundry accounts receivable|Unrestricted
Restricted
Designated
**Total**
**Total**
Funds
Funds
Funds
**31-Dec-21**
**31-Dec-20**
£
£
**£**
**£**
55,905
1,176
6,200
63,281
52,774| |---|---| ||55,905
1,176
6,200
63,281
52,774| ||Unrestricted
Restricted
Designated
**Total**
**Total**
Funds
Funds
Funds
**31-Dec-21**
**31-Dec-20**
£
£
**£**
**£**
454
-
-
454
-
424
-
-
424
1,085| ||**878**
**-**
**-**
**878**
**1,085**| ## **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-21**
**31-Dec-20**
£
£
**£**
**£**
645
-
-
645
785
696
-
-
696
660| |---|---| ||**1,341**
**-**
**-**
**1,341**
**1,445**| ## **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 LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021** ## **12. STAFF COSTS AND NUMBERS** |**TOTAL**
**2021**
**£**
Gross Wages & Salaries
15,656
Employer's National Insurance Costs
-
Pension Contributions
1,252
**16,908**
Average number of employees who were engaged in each of the following activities:
**TOTAL**
**2021**
Charitable Activities
2
2|**TOTAL**
**2020**
**£**
16,652
96
1,332| |---|---| ||**18,080**| ||**TOTAL**
**2020**
2| ||2| The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2020 - 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-21|**31-Dec-21**
**£**
9,836
-
**9,836**
53,671
**63,507**|**31-Dec-20**
**£**
24,384
-| |---|---|---| |||**24,384**| |||29,286| |||**53,671**| ## **14. TRUSTEES AND OTHER RELATED PARTIES** All employees are connected parties Beverley Veerasawmy is a trustee and received £6,579 during the year (£1,644 2020) and Christopher Veerasawmy, her husband, received £9,077 during the year (£2,269 2020). ## **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 LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021** ## **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. This page does not form part of the statutory financial statements 18