**REGISTERED CHARITY NUMBER: 1154412**
**Report of the Trustees and**
**Unaudited Financial Statements For The Year Ended 31st March 2024**
**for**
**Gatehouse Caring in East Anglia**
Haines Watts 8 Hopper Way Diss Norfolk IP22 4GT
## **Gatehouse Caring in East Anglia**
## **Contents of the Financial Statements For The Year Ended 31st March 2024**
|||**Page**|
|---|---|---|
|**Chairman's Report**||1|
|**CEO Report**|2|
to 3|
|**Report of the Trustees**|4|
to 6|
|**Independent Examiner's Report**||7|
|**Statement of Financial Activities**||8|
|**Balance Sheet**||9|
|**Notes to the Financial Statements**|10|
to 15|
|**Detailed Statement of Financial Activities**|16|
to 17|
## **Gatehouse Caring in East Anglia**
## **Chairman's Report For The Year Ended 31st March 2024**
Gatehouse is a very well-established Charity that has been working with vulnerable people for over thirty years.
Year on year from 2020/21 more people have been asking for our help and support and in the last 12 months we have not seen any slowdown in this demand. The 'cost of living' crises coupled with the legacy of the pandemic continues to negatively impact on so many people;
Mirroring national trends our core activities, namely the Food Bank in its various forms, the Home Store (which remains the single largest contributor to our income) and the annual Christmas Project have over the last twelve months again had to expand to meet essential needs.
Notably, over the last three years and in response to approaches from a range of statutory bodies, primarily Councils the NHS and Housing Agencies who are looking to meet gaps in their service provision and/or to increase community-based activities, the Charity has increasingly been asked to enter into contractual arrangements with them: Consequently, we have developed an enlarged and more diverse portfolio of services focused as much on mental and physical health and well-being as practical support.
This unprecedented demand could not continue to be met within the resources available to us that were in place prior to 2020/21: Our ageing physical environment, infrastructures and demand on staff needed to be addressed and in response we have implemented programmes to enable us to do so. In the last three years we have worked to a revised Annual Development Plan to meet these challenges: These have included building up our reserves to enable us to address essential maintenance, renovation and the employment of additional staff. We expect that this programme will be largely completed in 2024/25.
Therefore, for those agencies, local businesses, organisations and so many individuals who provide essential funding to enable Gatehouse to continue providing services to those on the margins of society we offer our profound thanks for their continued and generous support.
Finally, I and my fellow Trustees once again offer our thanks to our Chief Executive Officer, our staff, volunteers and the wider community for their work and commitment to the Charity ensuring that we remain accessible and relevant to those we support.
Alan Reynolds Chair
Page 1
## **Gatehouse Caring in East Anglia**
## **CEO Report For The Year Ended 31st March 2024**
Gatehouse - Caring in East Anglia is a Registered Charity that since 1986 has provided services to the socially and financially disadvantaged in our local communities.
Through the Homestore we Serve 4,000 customers a year Approximately 200 people a week, Demand for our Foodbank continues to escalate and we expect to provide 700 vulnerable people in St Edmundsbury access to affordable food and hygiene items a year
Our Homestore and elements of our Foodbank in reality, often work in tandem as the gateway to our services: It is a good example of a 'Social Supermarket', Our work is not just to provide or sell cheap food but to help build more support and resilience to individuals and our wider community. It is an excellent way for them to keep their dignity by way of small financial donation and a chance to build relationships and trust and therefore give access to help and services with a 'soft touch' approach, through the following:
- " Addressing Loneliness by creating group activities
- " Free services to help those marginalised by poverty
" Information sharing and warm handover process to local organisations to encourage engagement with health services.
" Peer support using group emails and whatsapp groups for feedback and updates
" and encouragement to engage using our other services such as the warm hub and community lunches.
Gatehouse continues to rise to the challenge of sustaining its current services, whilst managing difficult financial constraints and an increase of demand . I'd like to say what a great team of trustees, staff and volunteers we have at Gatehouse and hope that we can continue to stay strong through the next twelve months to maintain our current services. This year the priority has again been to secure the funding to enable us to help as many vulnerable people financially as the Cost-of-living crisis takes hold, whilst also ensuring that we as a charity can absorb the rising costs for our own building etc.
As we move into 2024-25 we shall be looking at how we continue to provide our core services, whilst reducing costs to the charity. This will not be a time for growth but a time to reflect on how far we have come and how we have met the unprecedented challenges over the last few years and then to look at how we maintain the vital services we offer, and continue long term to build a strong team of staff and volunteers for the years to come.
## **Acknowledgements**
We gratefully acknowledge support from:
ARC Shopping Centre Ashtons Legal Bradfield St George PCC British Sugar Burnett & Barker Solicitors Bury in Bloom Bury Rickshaw Bury Rotary Club Cambridgeshire Community Foundation Catholic Clothing Guild Cavendish PCC Chevington PCC Church Walks Co-Op Ellisons Legal Essex Trust Fitton Trust Fornham All Saints PCC Greene King Gt Barton Church Gt Saxham PCC Havebury Housing Hawkedon Village Hall Horringer PCC Masonic Charitable Trust Music Sales MWG Multiculture National Lottery NFU Mutual Norfolk Community Foundation
Page 2
## **Gatehouse Caring in East Anglia**
## **CEO Report For The Year Ended 31st March 2024**
Numbers 4 a Cause Pakenham PCC Round Table Sir Frederick Hiam Southgate Church St Benedict's School St Edmunds BC St Edmunds Trust St Edmundsbury Cathedral St Johns PCC Suffolk Community Foundation Suffolk County Council Suffolk Crematorium Sybil Andrews School Thurston Community College Thurston Parish Council TollyFest Toolbox Wellington Pub Westgate Chapel Whepstead Baptist Chapel
Page 3
## **Gatehouse Caring in East Anglia**
## **Report of the Trustees For The Year Ended 31st March 2024**
The trustees present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
## **Formation**
The Charitable Incorporated Organisation was registered on 31 October 2013 and commenced activities on 01 April 2016.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objectives of the CIO are as follows:-
- To promote social inclusion for the public benefit by helping socially disadvantaged people in East Anglia, particularly but not exclusively, those who are elderly or suffering from disability of mind or body, and their carers to avoid social exclusion by providing facilities and opportunities for social interaction, leisure activities and general support.
- To relieve financial hardship in East Anglia by :-
a) The recycling and re-use and provision of furniture, clothing and other household items; b) The provision of food aid.
- To protect and preserve the environment for the public benefit by promoting the re-use and recycling of furniture, clothing and other household items.
- To relive those in need of charitable assistance in East Anglia by identifying and responding to those needs where unmet by other organisations, developing self-help groups and providing individual and family support.
- Nothing in the CIO's constitution shall authorise an application of the property of the CIO for purposes which are not charitable.
## **Public benefit**
In all its activities and decision making by the trustees of the CIO, they have taken into consideration the Charity Commissions guidance in respect of Public Benefit.
## **Volunteers**
There are considerable number of volunteers who give up their time to assist Gatehouse and enables the charity to provide a wide range of services.
## **ACHIEVEMENT AND PERFORMANCE**
## **Review of developments, activities and achievements**
The Statement of Financial Activities on page 8 shows that at 31 March 2024 the charity had total funds of £635,224, of which £21,073 was unrestricted funds and £614,151 was restricted funds.
The trustees believe that the charity's assets as noted in the Balance Sheet on page 9 are adequate but not excessive to fulfill the obligations of the charity.
## **FINANCIAL REVIEW**
## **Going concern**
Notably, over the last three years and in response to approaches from a range of statutory bodies, primarily Councils the NHS and Housing Agencies who are looking to meet gaps in their service provision and/or to increase community-based activities, the Charity has increasingly been asked to enter into contractual arrangements with them: Consequently, we have developed an enlarged and more diverse portfolio of services focused as much on mental and physical health and well-being as practical support.
This unprecedented demand could not continue to be met within the resources available to us that were in place prior to 2020/21: Our ageing physical environment, infrastructures and demand on staff needed to be addressed and in response we have implemented programmes to enable us to do so. In the last three years we have worked to a revised Annual Development Plan to meet these challenges: These have included building up our reserves to enable us to address essential maintenance, renovation and the employment of additional staff. We expect that this programme will be largely completed in 2024/25.
Taking the above actions into consideration the Trustees believe that Gatehouse Caring in East Anglia CIO is still a going concern and the financial statements have been prepared accordingly.
Page 4
## **Gatehouse Caring in East Anglia**
## **Report of the Trustees For The Year Ended 31st March 2024**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is a Charitable Incorporated Organisation (CIO) that was registered with the Charity Commissioners on 31 October 2013 as a Foundation CIO and is governed by its constitution.
## **Recruitment and appointment of new trustees**
Trustees are appointed by a resolution passed at a properly convened meeting of the charity trustees.
## **Organisational structure**
The Charity's Trustees have control of the CIO and its property and funds.
Day to day operations of the charity is delegated to the C.E.O Amanda Bloomfield.
## **Risk management**
The Trustees have a duty to identify and review the risks to which the Charitable Incorporated Organisation is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
(England and Wales)
**Registered Charity number** 1154412
## **Registered office**
Dettinger Way Bury St Edmunds Suffolk IP33 3TU
## **Trustees**
M Woodhouse R P Shepperson C M Green
A L Reynolds Chair M Pilmer J Merriam P Cheung
## **Honorary President**
Julie Wakelam
## **Independent Examiner**
Haines Watts 8 Hopper Way Diss Norfolk IP22 4GT
## **Bankers**
CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
C.E.O - Amanda Bloomfield Secretary - Toni Hunter
Page 5
## **Gatehouse Caring in East Anglia**
## **Report of the Trustees For The Year Ended 31st March 2024**
Approved by order of the board of trustees on 13 November 2024 and signed on its behalf by:
.............................................................................................. A L Reynolds - Trustee
Page 6
## **Independent Examiner's Report to the Trustees of Gatehouse Caring in East Anglia**
## **Independent examiner's report to the trustees of Gatehouse Caring in East Anglia.**
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31st March 2024.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Act. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Simonetta Castellano
Haines Watts 8 Hopper Way Diss Norfolk IP22 4GT
Date: 14 November 2024
Page 7
## **Gatehouse Caring in East Anglia**
## **Statement of Financial Activities For The Year Ended 31st March 2024**
|Unrestricted
Restricted
funds
funds
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**162,825**
**71,777**
**Charitable activities**
Direct charitable activities
**-**
**189,334**
Investment income
2
**-**
**10,504**
Other income
**-**
**-**
**Total**
**162,825**
**271,615**
**EXPENDITURE ON**
**Charitable activities**
Management and administration
**-**
**84,677**
Direct charitable activities
**327**
**352,121**
**Total**
**327**
**436,798**
**NET INCOME/(EXPENDITURE)**
**162,498**
**(165,183)**
**Transfers between funds**
9
**(162,777)**
**162,777**
**Net movement in funds**
**(279)**
**(2,406)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**21,352**
**616,557**
**TOTAL FUNDS CARRIED FORWARD**
**21,073**
**614,151 **|**2024**
2023
**Total**
Total
**funds**
funds
**£**
£
**234,602**
324,031
**189,334**
138,265
**10,504**
7,790
**-**
3,000
**434,440**
473,086
**84,677**
-
**352,448**
457,795
**437,125**
457,795
**(2,685)**
15,291
**-**
-
**(2,685)**
15,291
**637,909**
622,618
**635,224**
637,909|**2024**
2023
**Total**
Total
**funds**
funds
**£**
£
**234,602**
324,031
**189,334**
138,265
**10,504**
7,790
**-**
3,000
**434,440**
473,086
**84,677**
-
**352,448**
457,795
**437,125**
457,795
**(2,685)**
15,291
**-**
-
**(2,685)**
15,291
**637,909**
622,618
**635,224**
637,909|
|---|---|---|
|||473,086|
|||-
457,795|
|||457,795|
|||15,291
-|
|||15,291
622,618|
|||637,909|
The notes form part of these financial statements
Page 8
## **Gatehouse Caring in East Anglia**
## **Balance Sheet 31st March 2024**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
6
**-**
**CURRENT ASSETS**
Debtors
7
**-**
Cash at bank
**21,073**
**21,073**
**CREDITORS**
Amounts falling due within one year
8
**-**
**NET CURRENT ASSETS**
**21,073**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**21,073**
**NET ASSETS**
**21,073**
**FUNDS**
9
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
**365,753**
**285**
**249,911**
**250,196**
**(1,798)**
**248,398**
**614,151**
**614,151**|**2024**
**Total**
**funds**
**£**
**365,753**
**285**
**270,984**
**271,269**
**(1,798)**
**269,471**
**635,224**
**635,224**
**21,073**
**614,151 **
**635,224**|2023
Total
funds
£
385,737
1,749
252,055
253,804
(1,632)
252,172
637,909
637,909
21,352
616,557
637,909|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 13 November 2024 and were signed on its behalf by:
............................................. A L Reynolds - Trustee
The notes form part of these financial statements
Page 9
## **Gatehouse Caring in East Anglia**
## **Notes to the Financial Statements For The Year Ended 31st March 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the Charitable Incorporated Organisation, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)',Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Freehold property|-|4% straight line|
|---|---|---|
|Improvements to property|-|4% straight line|
|Fixtures and fittings|-|20% on reducing balance|
|Motor vehicles|-|33% on cost|
|Computer equipment|-|33% on cost|
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Government grants**
Grants are accounted for under the accruals model as permitted by FRS 102.
Grants of a revenue nature are recognised in other income within the Statement of Financial Activity in the same period as the related expenditure.
continued...
Page 10
## **Gatehouse Caring in East Anglia**
## **Notes to the Financial Statements - continued For The Year Ended 31st March 2024**
## **2.**
## **3.**
## **INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||**2024**|2023|
||**£**|£|
|Rents received|**5,245**|6,310|
|Deposit account interest|**5,259**|1,480|
||**10,504 **|7,790|
|**NET INCOME/(EXPENDITURE)**|||
|Net income/(expenditure) is stated after charging/(crediting):|||
||**2024**|2023|
||**£**|£|
|Depreciation - owned assets|**24,302 **|18,312|
Net income/(expenditure) is stated after charging/(crediting):
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023.
## **5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|
Full time
Part time|**2024**
**4**
**4**
**8**|2023
4
4|
|---|---|---|
|||8|
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
|||**2024**||2023||
|---|---|---|---|---|---|
|£60,001|- £70,000||**1**||-|
During the year £61,736 (2023: £53,282) was paid to Key Management for services to the charity.
continued...
Page 11
## **Gatehouse Caring in East Anglia**
## **Notes to the Financial Statements - continued For The Year Ended 31st March 2024**
## **6. TANGIBLE FIXED ASSETS**
|**TANGIBLE FIXED ASSETS**||||
|---|---|---|---|
|||Improvements|Fixtures|
||Freehold|to|and|
||property|property|fittings|
||£|£|£|
|**COST**||||
|At 1st April 2023|**194,993**|**183,490**|**4,347**|
|Additions|**-**|**-**|**-**|
|At 31st March 2024|**194,993**|**183,490**|**4,347**|
|**DEPRECIATION**||||
|At 1st April 2023|**6,300**|**25,769**|**2,867**|
|Charge for year|**900**|**7,340**|**296**|
|At 31st March 2024|**7,200**|**33,109**|**3,163**|
|**NET BOOK VALUE**||||
|At 31st March 2024|**187,793**|**150,381 **|**1,184 **|
|At 31st March 2023|188,693|157,721|1,480|
||Motor|Computer||
||vehicles|equipment|Totals|
||£|£|£|
|**COST**||||
|At 1st April 2023|**75,026**|**-**|**457,856**|
|Additions|**-**|**4,318**|**4,318**|
|At 31st March 2024|**75,026**|**4,318**|**462,174**|
|**DEPRECIATION**||||
|At 1st April 2023|**37,183**|**-**|**72,119**|
|Charge for year|**15,493**|**273**|**24,302 **|
|At 31st March 2024|**52,676**|**273**|**96,421**|
|**NET BOOK VALUE**||||
|At 31st March 2024|**22,350**|**4,045**|**365,753**|
|At 31st March 2023|37,843|-|385,737|
Included in cost or valuation of land and buildings is freehold land of £172,493 (2023 - £172,493) which is not depreciated.
continued...
Page 12
## **Gatehouse Caring in East Anglia**
## **Notes to the Financial Statements - continued For The Year Ended 31st March 2024**
## **7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**7.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|---|---|---|---|---|---|
|||||**2024**|2023|
|||||**£**|£|
||Trade debtors|||**285**|1,749|
|**8.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|||||**2024**|2023|
|||||**£**|£|
||Accrued expenses|||**1,798**|1,632|
|**9.**|**MOVEMENT IN FUNDS**|||||
||||Net|Transfers||
||||movement|between|At|
|||At 1/4/23|in funds|funds|31/3/24|
|||£|£|£|£|
||**Unrestricted funds**|||||
||General fund|**16,201**|**162,498**|**(162,777)**|**15,922**|
||Casino Night|**5,151 **|**-**|**-**|**5,151 **|
|||**21,352**|**162,498**|**(162,777)**|**21,073**|
||**Restricted funds**|||||
||Bury Day Centre|**417**|**-**|**-**|**417**|
||Furniture|**162,455**|**(108,165)**|**107,533**|**161,823**|
||Local Welfare Assistance|**11,933**|**-**|**-**|**11,933**|
||Foodbank and Christmas project|**77,235**|**(6,743)**|**-**|**70,492**|
||Land & Buildings|**367,626**|**(8,536)**|**-**|**359,090**|
||Room Rental|**3,295**|**-**|**-**|**3,295**|
||Community Hub|**(13,805)**|**(41,439)**|**55,244**|**-**|
||Community Fund|**526**|**(300)**|**-**|**226**|
||Winter Fuel Fund|**6,285**|**-**|**-**|**6,285**|
||COVID Fund|**590**|**-**|**-**|**590**|
|||**616,557**|**(165,183)**|**162,777**|**614,151**|
||**TOTAL FUNDS**|**637,909**|**(2,685)**|**-**|**635,224**|
||Net movement in funds, included in the above are as follows:|||||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||£|£|£|
||**Unrestricted funds**|||||
||General fund||**162,825**|**(327)**|**162,498**|
||**Restricted funds**|||||
||Furniture||**148,862**|**(257,027)**|**(108,165)**|
||Foodbank and Christmas project||**52,068**|**(58,811)**|**(6,743)**|
||Land & Buildings||**-**|**(8,536)**|**(8,536)**|
||Community Hub||**70,685**|**(112,124)**|**(41,439)**|
||Community Fund||**-**|**(300)**|**(300)**|
||||**271,615**|**(436,798)**|**(165,183)**|
||**TOTAL FUNDS**||**434,440**|**(437,125)**|**(2,685)**|
continued...
Page 13
## **Gatehouse Caring in East Anglia**
## **Notes to the Financial Statements - continued For The Year Ended 31st March 2024**
## **9. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|||Net|Transfers||
|---|---|---|---|---|
|||movement|between|At|
||At 1/4/22|in funds|funds|31/3/23|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|15,224|977|-|16,201|
|Casino Night|5,151|-|-|5,151|
||20,375|977|-|21,352|
|**Restricted funds**|||||
|Bury Day Centre|436|(19)|-|417|
|Furniture|97,345|65,110|-|162,455|
|Local Welfare Assistance|2,576|9,357|-|11,933|
|Foodbank and Christmas project|70,319|6,916|-|77,235|
|Land & Buildings|375,467|(7,841)|-|367,626|
|Room Rental|3,295|-|-|3,295|
|Community Hub|(3,456)|(53,849)|43,500|(13,805)|
|Community Fund|5,886|(5,360)|-|526|
|Winter Fuel Fund|6,285|-|-|6,285|
|COVID Fund|590|-|-|590|
|Mindfullness|43,500|-|(43,500)|-|
||602,243|14,314|-|616,557|
|**TOTAL FUNDS**|622,618|15,291|-|637,909|
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|1,721|(744)|977|
|**Restricted funds**||||
|Bury Day Centre|-|(19)|(19)|
|Furniture|256,998|(191,888)|65,110|
|Local Welfare Assistance|93,144|(83,787)|9,357|
|Foodbank and Christmas project|53,317|(46,401)|6,916|
|Land & Buildings|1|(7,842)|(7,841)|
|Community Hub|46,889|(100,738)|(53,849)|
|Community Fund|21,016|(26,376)|(5,360)|
||471,365|(457,051)|14,314|
|**TOTAL FUNDS**|473,086|(457,795)|15,291|
## **DESCRIPTION OF RESTRICTED FUNDS**
## **Furniture**
Second hand furniture and other items are donated to the Charity, and then supplied to clients. The furniture is priced individually, and the Charity regards payment for items as unrestricted donations. Those donating items are also encouraged to give a monetary donation. The Charity owns 2 vans and employ staff to collect and deliver the furniture.
continued...
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## **Gatehouse Caring in East Anglia**
## **Notes to the Financial Statements - continued For The Year Ended 31st March 2024**
## **9. MOVEMENT IN FUNDS - continued**
## **Foodbank and Christmas Project**
Gatehouse is working in partnership with other organisations, Churches, and individuals throughout Bury, supported by local County and Borough Councillors providing three days of emergency food to local people in crisis. The Charity organises a Christmas Lunch to offer companionship to people who would otherwise be alone or unable to manage for themselves over the Christmas period, along with the distribution of Christmas Hampers to disadvantaged individuals and families
## **Land and property**
This fund holds the purpose-built store from which the Furniture Store project and Community Hub activities are held. This was transferred from Gatehouse Caring in West Suffolk on 1st April 2016 and was shown as an incoming resource in year ended 31st March 2017. The building was originally funded by a National Lotteries Charity Fund Grant to Gatehouse Caring in West Suffolk.
## **Room rental fund**
This was established following the renting out of rooms at the Charity's premises. The funds raised are to be used to fund the Community Hub.
## **Winter Fuel Fund**
This fund was established following the Charity receiving a grant from Suffolk Community Foundation for the purpose of providing help to people struggling to pay their utility bills.
## **COVID-19 Fund**
This fund was established to help those marginalised individuals in the community having difficulty accessing the vaccination programme.
## **Community Fund**
The Community Fund was established following receiving grants from Suffolk Community Foundation and Suffolk County Council to establish a fund to assist with rent arrears, council tax bills and other expenses in times of hardship.
## **Community Hub Fund**
Following the closure of the Bury Day Centre due to Coronavirus restrictions, the opportunity was taken to establish a Community Hub. This hub provides a café, yoga, chair exercises and Healthy Heart sessions in the old Day Centre for use by the Community.
## **Local Welfare Assistance Fund**
This fund was established to provide assistance with provision of white goods, bedroom furniture and kitchen utensils to the local community.
## **10. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31st March 2024.
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## **Gatehouse Caring in East Anglia**
## **Detailed Statement of Financial Activities**
## **For The Year Ended 31st March 2024**
||2024|2023|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|**234,602**|324,031|
|**Investment income**|||
|Rents received|**5,245**|6,310|
|Deposit account interest|**5,259**|1,480|
||**10,504**|7,790|
|**Charitable activities**|||
|Grants|**189,334**|138,265|
|**Other income**|||
|Publicity|**-**|3,000|
|**Total incoming resources**|**434,440**|473,086|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Wages|**115,774**|106,744|
|Social security|**12,117**|10,641|
|Pensions|**2,932**|3,090|
|Equipment & maintenance|**24,549**|4,637|
|Outings|**-**|600|
|Publicity & functions|**-**|568|
|Courses & training|**35**|792|
|Provisions & household|**106,169**|157,132|
|Van expenses & insurance|**4,487**|3,785|
|Providing support to individuals and families|**6,503**|26,546|
|Freehold property|**900**|900|
|Improvements to property|**7,340**|6,572|
|Fixtures and fittings|**296**|370|
|Motor vehicles|**15,493**|10,471|
|Computer equipment|**273**|-|
||**296,868**|332,848|
|**Support costs**|||
|**Finance**|||
|Bank charges|**59**|85|
|**Governance costs**|||
|Wages|**84,677**|72,968|
|Rates and water|**2,552**|3,016|
|Insurance|**4,746**|6,273|
|Carried forward|**91,975**|82,257|
This page does not form part of the statutory financial statements
Page 16
## **Gatehouse Caring in East Anglia**
## **Detailed Statement of Financial Activities**
## **For The Year Ended 31st March 2024**
||2024|2023|
|---|---|---|
||£|£|
|**Governance costs**|||
|Brought forward|**91,975**|82,257|
|Light and heat|**11,871**|14,693|
|Telephone|**2,747**|2,670|
|General office costs|**31,805**|23,610|
|Accountancy and legal fees|**1,800**|1,632|
||**140,198**|124,862|
|Total resources expended|**437,125**|457,795|
|**Net (expenditure)/income**|**(2,685)**|15,291|
This page does not form part of the statutory financial statements
Page 17