ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022
GATEWAY CHURCH DARTFORD LTD
(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 (COMPANY LIMITED BY GUARANTEE) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
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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
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GATEWAY CHURCH DARTFORD LTD (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 2022 END OF FINANCIAL YEAR 31 December 2022 DIRECTORS AT 31 DECEMBER 2022 Mrs Carol Adjal-Mensah Ms Jasmine Farrell Appointed 21 April 2022 Mr Timothy John Sams Resigned 31 December 2022 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
INDEPENDENT EXAMINER
Cobden House 43 Spital Street Dartford Kent DA1 2DR HSBC Bank Plc 38 High Street Dartford Kent DA1 1DG Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF
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GATEWAY CHURCH DARTFORD LTD
(COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2022
The Directors present their report for the period ended 31 December 2022 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 up slightly on the previous year. The church continued to operate at Wilmington Community Church, where Sunday afternoon meetings have been held and then later in the year started meeting and holding other events at St Mary’s Primary school in Stone.
Expenditure increased but overall the church retained a surplus due to a larger unexpected gift towards the end of the year.
Minimal restricted funds remain for Homeless Work and Training.
Reserves
The current reserves of the charity stand at £70,597 of which £69,464 resides in unrestricted funds as detailed in note 5 to the financial statements. It is the policy of the charity to retain at least £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. Additionally, the employment of a community/young peoples worker is being considered which would reduced these funds.
Review of Activities
The Church held weekly meetings on Sundays (afternoons initially and then mornings) and regular Wednesday evening gatherings.
In September 2022, the church moved into Stone Primary school. As a church, we’ve sought to build relationships with the school. One of the pastors has visited within school hours so the church can be part of the school’s morning worship, to get to know the staff and the workings of the school. Meetings has been established with the head mistress to further work together. Activities involving the children was organised by the church to continue to strengthen working together.
The prayer life of the church continues to be of high importance, and this was incorporated every Wednesday fortnightly. Additional meetings within the servant group to pray and plan take place monthly.
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.
Pastoral Support & Community
We continue to support those within our church and local community pastorally. Our main focus of support for this year has been:
-
supporting the community via the school
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Wednesday meetings taken place through out the locality by moving around in different homes
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Looking currently with the trustees to be involved with a particular charity to support financially
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• Summer 2023 to create opportunities to meet new people via small groups
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GATEWAY CHURCH DARTFORD LTD (COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2022
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” and a “servant group” helped in the running and co-ordinating of various smaller groups and activities alongside several other volunteers.
Connected Organisations
The church is a member of the Evangelical Alliance and part of the Assemblies of God Great Britain.
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.
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GATEWAY CHURCH DARTFORD LTD (COMPANY LIMITED BY GUARANTEE) DIRECTORS. REPORT (Contlnued) FOR THE YEAR ENDED 31ST DECEMBER 2022 Olrectors. Responslbilltles Statement of Directors, Re5ponsIbll{eS.' The Charltles Act and the compan Act 2006 require the director5 to prepare financi41 statements each financial year whKh give a true and falr vkw of the state of affalrs of the company as at the end er the financkal year and of the surplus or deficlt or the charlty in aCCdance the requirernents of Sect$ 394 and 395 of the Companles Act 2006 and whlch otherwise compty wlth Its requirements rdating to financial stateffjents, so far as applKable to the charitabk company. In preparing those financyal statements the directors are required to I select suitable accwnthg polIc$ and then app them crA7slstentty,' bl make ludgemenrs and estirnates that are reasonable and prudent,. cl prepare the finan¢k41 statements on the gdng concern bas unk5s r( ts inapprcprkte to presume that the c&pY will centlnue In buslness. él state whether applKabk coUntIng Standards and statements of recommended practke have fdbsved, subject to any material departure5 di5tk)5ed and explained in the financi& StatnentS. The Dlrectors are also responslble for maintaining adequate acC(nting retijrds which di5c105e with reasonable accuracy at any tlme the financrol posli ion of the company and whKh are suffKient to show and expkin the cempanys transactx)ns and enab them to ensu that the financial statements tornpty vlith Sections 386 and 387 of the Companie5 Act 2006 and cornpty wf(h regulat5 rnade under the Charlcies Act. They are also responsib for safeguardin9 the assets of the ¢ompany and hence for taking reasi)riabfe 5tÈps for the prevention 4nd detectiw of Fraud and other Irregularlties. The Directors are also responsible for the DitorS, reptrt, and the responsibllity OF the Independent examiner In relatlon to the Directors. report is limited to exarnining the report and ensurlng that on the face of the rep<rt there are no inconsrstencies syith the figurÈ% discknsed in the fanCIal st&ement5. These CoUnt$ have been preparthy In accordance wf(h the provisions applicable to companles subject to the small companies reglme. I approve the attach& statement of ftnancbl actfvv(S and baL8nce sheet ènd Confirm that I have availobk all Informatkx) necessary ftr preparatK)n. Appro1 by the Direct5 the... &oa3 Se on thsr behalf by Directly... Print Narne...
GATEWAY CHURCH DARTFORD LTD (COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022
Report to the trustees/ members of Gateway Church Dartford Ltd on the accounts for the year ended 31st December 2022.
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:
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examine the accounts under section 145 of the Charities Act,
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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
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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
-
which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
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have not been met; or
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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: 1st September 2023
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GATEWAY CHURCH DARTFORD LTD (COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2022
| Notes INCOMING RESOURCES Donations & Legacies 3 Investment Income 3b Charitable Activities 3c TOTAL INCOMING RESOURCES Costs of Charitable Activities 4a Costs of Generating Funds 4b NET INCOMING/(OUTGOING) RESOURCES TOTAL FUNDS BROUGHT FORWARD TOTAL FUNDS CARRIED FORWARD NET MOVEMENT IN FUNDS RESOURCES EXPENDED TOTAL RESOURCES EXPENDED TRANSFERS BETWEEN FUNDS |
Unrestricted Restricted Designated Total Total Funds Funds Funds 2022 2021 £ £ £ £ 42,900 - 619 43,519 38,561 8 - - 8 - 200 - - 200 - |
|---|---|
| 43,107 - 619 43,727 38,561 |
|
| 35,625 43 619 36,287 28,725 349 - - 349 - |
|
| 35,974 43 619 36,636 28,725 |
|
| 7,133 (43) - 7,091 9,836 |
|
| (3,600) - 3,600 - - |
|
| 3,533 (43) 3,600 7,091 9,836 |
|
| 56,130 1,176 6,200 63,507 53,671 |
|
| 59,664 1,133 9,800 70,597 63,507 |
All of the Charity's operations are classed as continuing operations.
The notes form part of these financial statements, found on pages:-
10 to 18
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GATEWAY CHURCH DARTFORD LTD (COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 DECE148ER 2022 Unrestricted Restricted Fund Funds Total Total 31-Dec-22 31-Dec-21 Flxed Assets Tangible Assets Investment Assets Notes 3.630 3,630 689 Current Assets Debtors & Prepayments Cash at bank and In hand 2,087 66,120 2,087 67,253 878 63,281 1,133 Total Curmnt Assets Credltors: due within e year io 2,374 2,374 1,341 NET CURRENT ASSErs 65,833 1,133 66,966 62.818 TOTAL ASSEfs less current h'abilitS 1,133 70,597 63,507 CMdltots.' due In more than one year NET ASSETS FUNDS OFTHE CHARITY General Funds Restricted Funds DeS19nat Funds 59,664 59,664 1,133 56,130 1.176 6,200 1,133 TOTAL FUNDS Direttorfs re5ponbilities:. For the year ended 31st December 2022 The Dlrectors are satisfith the charltable company was entitkd to eXnptTh fmm the requlrement to obtain an audit under section 477 of the Compani85 Act 2006 relating to small compan*s. The rnetnbers have not requtred the company to obtain an audt for the year In question Sn accordance with seCtn 476 of the Companles Act. However. in accordance wich section 145 of the Charities Act 2011, the accounts have been examiAed by on Independent ExamSner whose report appears after the Notes te the Financk31 Statements. The Dire¢tor{s} acknowled9e thdr respenslbl1Y fer c(Xnp1yg with the requirwnenls of the Companes Act 2006 respect to cctyjnting records and the preparatiw of acctyjnts. The acc¢xJnts have been prepared In acctrdance wth the provisbns in Part 15 of the CompanS A¢i 2006 applKabk to cornpanks subleci to Ihe small reglme and Sn acctrdance viith FRSk02 SOAP. The director5 acknO¥edge thelr responslbllity for ensuring that the company keeps pr¢per accounting records whlch comp wlth sectlons 386 of the 2006 and for preparlng financlal statements whl¢h e a true and fair of the state of aftsirs of the company as at the end of the ftnantial yeor and of r($ profit and k)ss fer the finantial year In occ{dance wf(h the requlremenr of sections 394 and 395 and whlch otherwlse cthmply with the requireTnent5 of the CLYnpanles Act 2006 reknting to accounts, so far os appHcabk to the company. Approvoj by the Dlrectors on the...... Slgned on their behaw by Director.......... Print Name.. Company RegiStratn Nurnber . Regtered Office . 08064671 Cobdw House 43 Spital Street Dartford Kent DAI 2DR
GATEWAY CHURCH DARTFORD LTD
(COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022
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
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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
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GATEWAY CHURCH DARTFORD LTD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2022
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
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GATEWAY CHURCH DARTFORD LTD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022
2. TANGIBLE FIXED ASSETS
| Additions Disposals Gain/ (Loss) Accumulated Depreciation At 1 January 2022 Charge for the Year At 31 December 2022 Cost At 1 January 2022 Disposals Gain/ (Loss) At 31 December 2022 Net Book Value At 31 December 2022 At 31 December 2021 |
Computer Equipment Office Equipment Church Equipment PA & Musical Equipment 2022 £ £ £ £ £ 7,228 175 4,713 6,445 18,561 2,159 - - 1,800 3,959 - - - (408) (408) |
|---|---|
| 9,387 175 4,713 7,837 22,112 |
|
| 7,228 175 4,544 5,926 17,873 - - - (353) (353) 432 - 34 497 962 |
|
| 7,660 175 4,578 6,069 18,482 |
|
| 1,727 - 135 1,768 3,630 |
|
| (0) - 169 519 689 |
The annual commitments under non-cancelling operating leases and capital commitments are as follows:
31st December 2022 : None 31st December 2021 : None
This page does not form part of the statutory financial statements
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GATEWAY CHURCH DARTFORD LTD
(COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2022
| 3. INCOMING RESOURCES Note c) Other ordinary incoming resources Gifts & Donations a) Donations & Legacies Church collections b) Investment Income Bank interest Asset surplus Income Tax Recovered |
Unrestricted Restricted Designated Total Total Funds Funds Funds 2022 2021 £ £ £ £ 1,945 - 619 2,564 2,772 35,322 - - 35,322 28,716 5,633 - - 5,633 7,073 |
|---|---|
| 42,900 - 619 43,518 38,561 |
|
| 8 - - 8 - |
|
| 8 - - 8 - |
|
| 200 - - 200 - |
|
| 200 - - 200 - |
This page does not form part of the statutory financial statements
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GATEWAY CHURCH DARTFORD LTD
(COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2022
4. RESOURCES EXPENDED
| Note b) Cost of Generating Funds Advertising & Publicity Administrative Expenses Building Maintenance Children's Work Charitable Activities:- Grants Lunch Club Repairs & Maintenance Depreciation Expense Equipment Costs Gifts & Donations Sundry Expenses Telephone Costs Training Costs Travel & Hospitality Visiting speaker fee Website Resources Salaries & N.I Sundry Expenses Salaries & N.I Youth Work Loss on sale Fixed asset Love in a Box Governance costs:- Independent Examiner Fee Bank Charges Insurance Costs |
Unrestricted Restricted Designated Total Total Funds Funds Funds 2022 2021 £ £ £ £ 930 - - 930 5 - - - - 300 329 - - 329 - 962 - - 962 568 237 - - 237 1,082 50 - 331 381 231 50 - - 50 - 1,058 - - 1,058 166 1,265 - - 1,265 74 198 - - 198 156 1,278 - - 1,278 1,252 8,275 - - 8,275 7,095 15,969 - - 15,969 15,666 157 - - 157 21 73 - - 73 72 1,001 - - 1,001 130 348 - - 348 93 830 - - 830 - 555 - - 555 147 272 - - 272 - 55 - - 55 - - 43 288 331 - 720 - - 720 696 91 - - 91 9 923 - - 923 962 |
|---|---|
| 35,625 43 619 36,287 28,725 |
|
| 349 - - 349 - |
|
| 349 - - 349 - |
This page does not form part of the statutory financial statements
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GATEWAY CHURCH DARTFORD LTD
(COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022
5. RESTRICTED FUNDS
CURRENT FINANCIAL YEAR
| Homeless Support Training Fund Total Restricted Funds |
Balance Unrealised Balance 01-Jan-22 Income Expenditure Gain/Loss Transfer 31-Dec-22 £ £ £ £ £ £ 587 - (43) - - 544 589 - - - - 589 |
|---|---|
| 1,176 - (43) - - 1,133 |
PREVIOUS FINANCIAL YEAR
| Homeless Support Training Fund Total Restricted Funds |
Balance Unrealised Balance 01-Jan-21 Income Expenditure Gain/Loss Transfer 31-Dec-21 £ £ £ £ £ 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. UNRESTRICTED FUNDS
CURRENT FINANCIAL YEAR
| Building Fund Designated Funds:- Total Designated Funds General Funds Total General Funds |
Balance Unrealised Balance 01-Jan-22 Income Expenditure Gain/Loss Transfer 31-Dec-22 £ £ £ £ £ £ 6,200 619 (619) - 3,600 9,800 |
|---|---|
| 6,200 619 (619) - 3,600 9,800 56,130 43,107 (35,974) - (3,600) 59,664 |
|
| 62,330 44,345 (37,212) - 3,600 73,064 |
PREVIOUS FINANCIAL YEAR
| Building Fund Designated Funds:- Total Designated Funds General Funds Total General Funds |
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 51,595 36,861 (28,725) - (3,600) 56,130 |
|
| 52,495 38,561 (28,725) - - 62,330 |
This page does not form part of the statutory financial statements
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GATEWAY CHURCH DARTFORD LTD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022
7. INVESTMENTS
The Charity held no investment assets during this or the previous financial period.
8. CASH AT BANK AND IN HAND
| 8. CASH AT BANK AND IN HAND | |
|---|---|
| Current A/c CAF Bank A/c |
Unrestricted Restricted Designated Total Total Funds Funds Funds 31-Dec-22 31-Dec-21 £ £ £ £ 40,775 1,133 9,800 51,708 63,281 15,545 - - 15,545 - |
| 56,320 1,133 9,800 67,253 63,281 |
9. DEBTORS AND PREPAYMENTS
| Gift Aid Tax Recoverable Sundry accounts receivable |
Unrestricted Restricted Designated Total Total Funds Funds Funds 31-Dec-22 31-Dec-21 £ £ £ £ 454 - - 454 454 1,633 - - 1,633 424 |
|---|---|
| 2,087 - - 2,087 878 |
10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR
| Independent Examiner's Fee Sundry Creditors |
Unrestricted Restricted Designated Total Total Funds Funds Funds 31-Dec-22 31-Dec-21 £ £ £ £ 1,654 - - 1,654 645 720 - - 720 696 |
|---|---|
| 2,374 - - 2,374 1,341 |
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 LTD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022
12. STAFF COSTS AND NUMBERS
| TOTAL 2022 £ Gross Wages & Salaries 15,969 Employer's National Insurance Costs - Employer's Pension Contributions 1,278 17,247 Average number of employees who were engaged in each of the following activities: TOTAL 2022 Charitable Activities 2 |
TOTAL 2021 £ 15,656 - 1,252 |
|---|---|
| 16,908 | |
| TOTAL 2021 2 |
The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2021 - 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.
| Profit / Deficit for the financial year Other Recognised Gains Balance Brought Forward Closing Funds at 31-Dec-22 |
2022 £ 7,090 - 7,090 63,507 70,597 |
2021 £ 9,836 - |
|---|---|---|
| 9,836 | ||
| 53,671 | ||
| 63,507 |
14. TRUSTEES AND OTHER RELATED PARTIES
All employees are connected parties Beverley Veerasawmy is a trustee and received £6,710 during the year (£6,579 2021) and Christopher Veerasawmy, her husband, received £9,259 during the year (£9,077 2021).
No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them. (2021 - None)
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 LTD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022
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
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