## **ANNUAL REPORT AND FINANCIAL STATEMENTS** # **FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **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 2023** **----- 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 19
**----- End of picture text -----**
## **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 2023 **END OF FINANCIAL YEAR** 31 December 2023 **DIRECTORS AT 31 DECEMBER 2023** Mrs Carol Adjal-Mensah Ms Jasmine Farrell 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** Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF 3 ## **GATEWAY CHURCH DARTFORD LTD** ## **(COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** The Directors present their report for the period ended 31 December 2023 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 from St Mary’s Primary school in Stone. Expenditure was similar to last year with less spend on rent and more on other activities/expenses. Minimal restricted funds remain for Homeless Work and Training. ## **Reserves** The current reserves of the charity stand at £66,036 of which £65,447 resides in unrestricted funds as detailed in note 6 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 are still much higher than this, but it is the plan of the trustees to continue saving funds to enable the charity to operate out of its own facility, which will provide a better base for the church's activities to grow. Additionally, the employment of a community/young people's worker is being considered, which would reduce these funds. This is ongoing, as we still need to secure an ideal location. ## **Review of Activities** The church held weekly meetings on Sunday mornings and regular Wednesday evening gatherings. In 2023, various activities were conducted to build relationships between the school and the church. “Love in a Box,” a ministry designed around the Christmas period, targeted families experiencing hardship so the church could be a blessing to the community. The prayer life of the church continues to be of high importance, and this was incorporated every other Wednesday. Additional meetings within the servant group to pray and plan take place monthly. All regular church meetings are held with the ultimate goal 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 - Hosting Wednesday meetings throughout the locality by rotating among different homes - Working with the trustees to support a particular charity financially; we are currently finalizing paperwork with New Zion Healing Centres. - Creating opportunities to meet new people via small groups, starting in Summer 2023 and ongoing. 4 ## **GATEWAY CHURCH DARTFORD LTD (COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **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 trustee meetings by a majority vote. The senior pastors are able to authorize expenditures under £300. Pastorally, the church has two senior pastors who are responsible for the running and direction of the church. Additionally, a “core team” and a “servant group” help in the running and coordination 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. ## **Public Benefit** The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives and in planning future activities. ## **Going Concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. 5 GAYEWAY CHURCH DARTFORD LTO (COMPANY LIMZTED BY GUARANTFEI DIRECTORY REPORT (Contloued) FOR THE YEAR ENDED 31sr DECEMBER 2013 Dlrectots. Respo￿1￿111t1eS stat•ment of Lltrectors. Responsbfltk5: The CharIt￿5 Act 2022 and the Companfts Att 2006 requwe the dIrect￿5 to prepare ffiancial statement5 fty each ￿anCL?1 glve a true and fair VI￿ or the state of affairs of thet(mpany as at the ofthe finan£L41 year and orthe surpkns er deficit clthe charKy in accwdance ￿th the wu1￿mentS ofsectkns 394 and 395 ef the Cornpanfes Act 2006 arld whkh otherwtse comply ￿1th f(s re9ukern￿t$ rei*lng to financL81 statements, so far as appltable to the char￿ab￿ c￿panY. In preparkng those financd statwDents the dlrect**INCOMING RESOURCES**
Donations & Legacies
**3a**
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
**2023**
**2022**
£
£
**£**
**£**
31,589
-
-
31,589
43,518
52
-
-
52
8
-
-
-
-
200| |---|---| ||**31,641**
**-**
**-**
**31,641**
**43,726**| ||35,634
544
-
36,177
36,287
24
-
-
24
349| ||**35,658**
**544**
**-**
**36,201**
**36,636**| ||| ||**(4,017)**
**(544)**
**-**
**(4,561)**
**7,090**| ||(3,600)
-
3,600
-
-| ||**(7,617)**
**(544)**
**3,600**
**(4,561)**
**7,090**| ||59,664
1,133
9,800
70,597
63,507| ||**52,047**
**589**
**13,400**
**66,036**
**70,597**| All of the Charity's operations are classed as continuing operations. The notes form part of these financial statements, found on pages:- 10 to 19 8 GATEWAY CHURCH DARTFORD LTD {COMPANY LIMITED BY GUARANTEE) AS AT 31 DECEMBER 2023 Unre5trrted Ae5trrt Fund Funds Totrl Tot•1 31-DBc-23 31-DRtr22 Notes Tang￿le Asstts 2,886 2*86 3.63Q Debtc*s & wep3ym￿ts Cash at bank and in han 3,354 62.671 3,354 63.260 2.087 67.253 589 Total CurnntAss•ts C￿d(l•￿' due w￿hkn oneyear io 3A65 3h65 2.374 62,561 589 63,150 66,966 TOTAL ASSEfs Jess current Habnf(￿S 64447 70.597 CredIt￿. duE In rnrKethon ￿e￿ar li Fuf4DS OF nlE CM GÈn¥al Funds Re*tr￿￿ Funds l)e5bJnated Funds 52,047 52,047 589 13.400 59,664 1,133 9,800 589 13.400 TOTAL FUNDS 447 F¢Y the year endÈd 31st Detember 2023. The Ditt¢rs ère satisfied the Charitab￿ company ivas to exemption from the abtam 8n audit und section 477 of the CempanR5 Act 2006 re*thg to smal cempan*s. The members have nct requw& the CLxnpanyto obtaii an audit for the year in questi￿ in arc¢rd4nce y￿th 5ertlrm 476 of the Crrnpanie5 Act. in acccrdance wkh 145 c* the (heKtQ5 Art 2022, the a¢¢ewnts have been exam¥ied by an Indepwdent Exaffl￿er those ￿¢rt •p&rs *(er the Nrtes to the Financd Statements. The Dr¥t¢r(sl 8ckn¢x¥kdgethar tespcmSb￿Y for ¢t￿pty1)g %*ith the requiwnwts rfthe C4mpan*5 Art 2006 respect to cwntkng records and the preparotknn The 8ccwnts have been preparèj in accc¢dance wtth the provisi￿S in Part 15 ofthe Comp￿1&% Prt 2006 app￿ab￿ to companies subJect to the sm¥1 companie5 regtrne ano Jn xcoroaice FP5102 SORP. The dyecttrs xkn¢Thledge thetr responsibrftyfer ensuring that the tompany keÈps proper aCC￿￿thg rerryd5 which ccrnp wlth sectlms 386 of the Act 2006 and for prepathng financial Star&n￿t% wh￿h give a true and farviÈw of the state of affairs of the c￿￿panY 65 4t the of the yearand of it5 profit and tss for thefir¢8ncial year hi accordance with the r4uir8nent clsectijns 394 and 395 and otherwse syith the reouretnents of the CompHnE5 Att 2U06 to acc(yJnts, so far as app[tab￿ to the company. Apprcv&4 by the Dtr¥tors on th&........... .. ........ Sbned cn thér beh*by D￿￿tc￿............. t 14ame=.- Company Rg2istrtti) Numb*". ￿￿t￿ed OffiTr'. 08064671 Ccoden House 43 Spltal Street DAI 2DR ## **GATEWAY CHURCH DARTFORD LTD** ## **(COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **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 2022. 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 (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **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. ## **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. ## **Pensions** Pension contributions are charged to the Statement of Financial Activities as they become payable. ## **Fund Accounting** Funds held by the charity are either: ## **1. Unrestricted funds** These are funds which can be used in accordance with the charity's objectives, at the discretion of the trustees. ## **2. Restricted funds** These are funds that can only be used for particular restricted purposes within the objects of the charity. ## **3. Designated funds** These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **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 (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **2. TANGIBLE FIXED ASSETS** |Additions
**Accumulated Depreciation**
At 1 January 2023
Charge for the Year
At 31 December 2023
**Cost**
At 1 January 2023
At 31 December 2023
**Net Book Value**
At 31 December 2023
At 31 December 2022|Computer
Equipment
Office
Equipment
Church
Equipment
PA & Musical
Equipment
**2023**
£
£
£
£
£
9,387
175
4,713
7,837
22,112
-
-
-
-
-| |---|---| ||9,387
175
4,713
7,837
22,112| ||7,660
175
4,578
6,069
18,482
345
-
27
372
745| ||8,005
175
4,605
6,442
19,227| ||| ||1,382
-
108
1,396
2,886| ||1,727
-
135
1,768
3,630| The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2023 : None 31st December 2022 : None This page does not form part of the statutory financial statements 12 ## **GATEWAY CHURCH DARTFORD LTD** ## **(COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** |**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
**2023**
**2022**
£
£
**£**
**£**
136
-
-
136
2,564
25,714
-
-
25,714
35,322
5,738
-
-
5,738
5,633| |---|---| ||**31,589**
**-**
**-**
**31,589**
**43,518**| ||52
-
-
52
8| ||**52**
**-**
**-**
**52**
**8**| ||-
-
-
-
200| ||**-**
**-**
**-**
**-**
**200**| This page does not form part of the statutory financial statements 13 ## **GATEWAY CHURCH DARTFORD LTD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **4. RESOURCES EXPENDED** |Note
**b) Cost of Generating Funds**
Advertising & Publicity
Administrative Expenses
Children's Work
Cleaning Costs
**Charitable Activities:-**
Grants
License & Subscriptions
Outreach Costs
Depreciation Expense
Equipment Costs
Gifts & Donations
Sundry Expenses
Telephone Costs
Training Costs
Travel & Hospitality
Visiting speaker fee
Website
Pastor's Expenses
Pension Costs
Rent & Rates
Salaries & N.I
Youth Work
Loss on sale Fixed asset
Love in a Box
Insurance
**Governance costs:-**
Independent Examiner's Fees
Bank charges
Legal & professional fees|Unrestricted
Restricted
Designated
**Total**
**Total**
Funds
Funds
Funds
**2023**
**2022**
£
£
**£**
**£**
1,160
-
-
1,160
930
-
-
-
-
329
46
-
-
46
-
745
-
-
745
962
584
-
-
584
237
304
-
-
304
381
-
-
-
-
50
948
-
-
948
904
554
-
-
554
1,265
1,073
-
-
1,073
198
1,341
-
-
1,341
1,278
5,620
-
-
5,620
8,275
16,768
-
-
16,768
15,969
405
-
-
405
157
77
-
-
77
73
1,692
-
-
1,692
1,001
637
-
-
637
348
500
-
-
500
830
575
-
-
575
555
570
-
-
570
272
-
-
-
-
55
292
544
-
835
331
646
-
-
646
923
750
-
-
750
720
105
-
-
105
91
244
-
-
244
154| |---|---| ||**35,634**
**544**
**-**
**36,177**
**36,287**| ||24
-
-
24
349| ||**24**
**-**
**-**
**24**
**349**| This page does not form part of the statutory financial statements 14 ## **GATEWAY CHURCH DARTFORD LTD** ## **(COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **5. RESTRICTED FUNDS** ## **CURRENT FINANCIAL YEAR** |**PREVIOUS FINANCIAL YEAR**
Homeless Support
Training Fund
**Total Restricted Funds**
Homeless Support
Training Fund
**Total Restricted Funds**|**Balance**
Unrealised
**Balance**
**01-Jan-23**
Income
Expenditure
Gain/Loss
Transfer
**31-Dec-23**
£
£
£
£
£
**£**
544
-
(544)
-
-
-
589
-
-
-
-
589| |---|---| ||**1,133**
**-**
**(544)**
**-**
**-**
**589**| ||**Balance**
Unrealised
**Balance**
**01-Jan-22**
Income
Expenditure
Gain/Loss
Transfer
**31-Dec-22**
£
£
£
£
**£**
587
-
(43)
-
-
544
589
-
-
-
-
589| ||**1,176**
**-**
**(43)**
**-**
**-**
**1,133**| The Restricted Funds are wholly represented by the Charity's cash reserves and are to be expended as specified above. This page does not form part of the statutory financial statements 15 ## **GATEWAY CHURCH DARTFORD LTD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **6. UNRESTRICTED FUNDS** ## **CURRENT FINANCIAL YEAR** |Building Fund
Designated Funds:-
Total Designated Funds
General Funds
**Total General Funds**|**Balance**
Unrealised
**Balance**
**01-Jan-23**
Income
Expenditure
Gain/Loss
Transfer
**31-Dec-23**
£
£
£
£
£
£
9,800
-
-
-
3,600
13,400| |---|---| ||9,800
-
-
-
3,600
13,400
59,664
31,641
(35,658)
-
(3,600)
52,047| ||**69,464**
**31,641**
**(35,658)**
**-**
**-**
**65,447**| ## **PREVIOUS FINANCIAL YEAR** |Building Fund
Designated Funds:-
Total Designated Funds
General Funds
**Total General Funds**|**Balance**
Unrealised
**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**
**43,726**
**(36,593)**
**-**
**-**
**69,464**| This page does not form part of the statutory financial statements 16 ## **GATEWAY CHURCH DARTFORD LTD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **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-23**
**31-Dec-22**
£
£
**£**
**£**
-
-
-
-
51,708
49,271
589
13,400
63,260
15,545| ||49,271
589
13,400
63,260
67,253| ## **9. DEBTORS AND PREPAYMENTS** |Gift Aid Tax Recoverable
Sundry accounts receivable|Unrestricted
Restricted
Designated
**Total**
**Total**
Funds
Funds
Funds
**31-Dec-23**
**31-Dec-22**
£
£
**£**
**£**
454
-
-
454
454
2,901
-
-
2,901
1,633| |---|---| ||**3,354**
**-**
**-**
**3,354**
**2,087**| ## **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-23**
**31-Dec-22**
£
£
**£**
**£**
2,715
-
-
2,715
1,654
750
-
-
750
720| |---|---| ||**3,465**
**-**
**-**
**3,465**
**2,374**| ## **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 17 ## **GATEWAY CHURCH DARTFORD LTD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **12. STAFF COSTS AND NUMBERS** |**TOTAL**
**2023**
**£**
Gross Wages & Salaries
16,768
Employer's National Insurance Costs
-
Employer's Pension Contributions
1,341
**18,109**
Average number of employees who were engaged in each of the following activities:
**TOTAL**
**2023**
Charitable Activities
2|**TOTAL**
**2022**
**£**
15,969
-
1,278| |---|---| ||**17,247**| ||**TOTAL**
**2022**
2| ## Charitable Activities The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2022 - 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-23|**2023**
**£**
(4,561)
-
**(4,561)**
70,597
**66,036**|**2022**
**£**
7,090
-| |---|---|---| |||**7,090**| |||63,507| |||**70,597**| ## **14. TRUSTEES AND OTHER RELATED PARTIES** All employees are connected parties Beverley Veerasawmy is a trustee and received £7,046 during the year (£6,710 2022) and Christopher Veerasawmy, her husband, received £9,722 during the year (£9,259 2022). No other 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. (2022 - 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 18 ## **GATEWAY CHURCH DARTFORD LTD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **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 19