## The Gateway Church - Newcastle
Report and Accounts Year ended 31 March 2024
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
## **THE GATEWAY CHURCH - NEWCASTLE**
## **YEAR ENDED 31 MARCH 2024**
## **LEGAL & ADMINISTRATIVE DETAILS**
ADDRESS FOR CORRESPONDENCE The Gateway Church - Newcastle c/o Pendower Good Neighbour Project 12-14 Sunnybank Avenue Newcastle upon Tyne NE15 6SD GOVERNING DOCUMENT CIO - Foundation registered 29 Oct 2015 as amended 11 June 2020 CHARITY REGISTRATION NUMBER 1164161 TRUSTEES Sam Douthwaite (chair) James Heron Hall (resigned 4 December 2023) Kemi Olantunji Stephen Gill Nicola Riches BANKERS Lloyds Bank plc 102 Grey Street Newcastle upon Tyne NE99 1SL INDEPENDENT EXAMINER Archie McDowall BA, CA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB **INDEX** Page 1 Legal & Administrative Details Pages 2 - 3 Trustees' Report Page 4 Independent Examiner's Report Page 5 Receipts and Payments Account Page 6 Statement of Assets & Liabilities Pages 7 - 8 Notes to the Accounts
Page 1
## **THE GATEWAY CHURCH - NEWCASTLE**
## **REPORT OF THE TRUSTEES**
## **YEAR ENDED 31 MARCH 2024**
The Trustees have pleasure in submitting the Report and Accounts for the year.
## **Objects of the charity**
The charity, which is a church, is governed by a constitution and is constituted as a charitable incorporated organisation. The charity's principal objects, as set out in its governing document, are:
a) the advancement of the Christian faith in Newcastle-upon-Tyne and such other parts of the United Kingdom and the world as the charity trustees may from time to time decide
b) to relieve financial hardship by the provision of funds, goods or services of any kind in such parts of the United Kingdom or the world as the charity trustees may from time to time decide
## **Summary of the charity's main activities and achievements**
To further the above objects and vision, the charity hosts multiple weekly activities, including:
- five Sunday gatherings
- prayer meetings
- children's work
- community practical care drop in sessions
These provide a place for people to grow in their understanding of Christianity and/or receive practical support to relieve poverty.
In this financial year we have succesfully maintained our practical support in the community through the clothes bank and pantry. At the pantry alone we have seen 44 new households join with members saving a total of £6,000. Members accessing this service report that at the same time as receiving practical benefit it is a place that they feel safe, comfortable and enjoy coming to. We have launced another Sunday gathering in the East End of Newcastle. This has benefitted those who already consider themselves part of the charity as well as engaging with others in the local community. Due to the continuation and development of our work we have invested in leadership equipping and development.
Through the work of our Sunday gatherings, prayer meeting and evangelistic outreach we have given people from many backgrounds the opportunity to learn more about and grow in the Christian faith.
A vast proportion of our work is maintained by volunteers. This includes the facilitation of Sunday gatherings and our practical support in the community. The general running of the charity is supported by gifts from those who consider themselves members of the church. Our direct work in the community is supported by grant funding.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
## **Financial review**
During the year income increased by £16,258, to £74,550, and expenditure increased by £6,997, to £64,414. As a result the cash held by the charity increased by £10,136, to £39,712, of which £26,738 is unrestricted and can be used for any charitable purpose.
The charity is in a strong position at the close of 23/24 giving scope for continuation and development of our work.
## **Reserves policy**
Page 2
The trustees have determined that the charity should aim to hold unrestricted cash of no less than £12,000 (which equates to about 3 months' of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £26,738 and this has been factored in to the 24/25 budget. The charity is complying with its reserves policy.
## **Governance**
Responsibility for setting policy and for making operating decisions rests with the trustees who meet regularly to monitor the activities of the charity. New trustees are selected and appointed following discussions amongst the current trustees and Church Eldership.
## **Risk statement**
The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.
## **Responsibilities of trustees**
Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
## **Approval**
This report was approved by the trustees and signed on their behalf by:
N J Riches N J Riches (Dec 20, 2024 11:50 GMT) ___________________________ Nicola Riches
Dec 20, 2024 Date:_______________________
Page 3
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **THE GATEWAY CHURCH - NEWCASTLE**
I report to the trustees on my examination of the accounts of The Gateway Church - Newcastle ('the charity') for the year ended 31 March 2024 on pages 5 to 8 following.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in accordance with section 130 of the 2011 Act; or
2. the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## Archie McDowall
Archie McDowall (Dec 23, 2024 13:43 GMT)
Archie McDowall BA, CA
Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
Date: Dec 23, 2024
Page 4
## **THE GATEWAY CHURCH - NEWCASTLE**
## **RECEIPTS AND PAYMENTS ACCOUNT**
## **YEAR ENDED 31 MARCH 2024**
|Notes
**_Income receipts_**
Donations
Grants
Gift aid receipts
Other
**_Total receipts_**
**Payments**
2
3
**_Total payments_**
Transfers between funds
**Net movement in funds**
Cash funds as at last year end
**Cash funds at this year end**
A
Net
of
receipts
/
(payments)
before
transfers
Grants & donations paid
Payments
in
relation
to
charitable
activities undertaken directly|Unrestricted
Funds
£
38,714
0
5,127
59
43,900
40,152
160
40,312
3,588
0
3,588
23,150
26,738|Restricted
Funds
£
1,151
29,500
0
0
30,651
23,602
500
24,102
6,549
0
6,549
6,426
12,975|2023
£
39,864
29,500
5,127
59
74,550
63,754
660
64,414
10,136
0
10,136
29,576
39,712|2022
£|
|---|---|---|---|---|
|||||33,536
19,300
4,700
756|
|||||58,292|
|||||56,137
1,280|
|||||57,417|
|||||875
0|
|||||875
28,701|
|||||29,576|
The notes on pages 7 - 8 form part of these accounts.
Page 5
## **THE GATEWAY CHURCH - NEWCASTLE**
## **STATEMENT OF ASSETS AND LIABILITIES**
## **YEAR ENDED 31 MARCH 2024**
|**A**
**Cash funds**
Cash at bank with immediate access
**B**
**Other monetary assets**
Gift aid due to charity
**C**
**Liabilities**
PAYE due
March salary paid in April
Unbilled fee for Independent Examination
**D**
**Assets retained for charity's own use**
Contents and equipment|Unrestricted
funds
£
26,736
**26,736**
4,750
**4,750**
449
912
**1,361**|Restricted
funds
£
12,976
**12,976**
0
**0**
0
0
0
**0**|2023
£
39,712
**39,712**
4,750
**4,750**
449
0
912
**1,361**
Value
2023
£
4,935
**4,935**|2022
£|
|---|---|---|---|---|
|||||29,576|
|||||**29,576**|
|||||5,045
0|
|||||**5,045**|
|||||368
1,696
888|
|||||**2,952**|
|||||Value
2022
£|
|||||4,935|
|||||**4,935**|
Current values have been estimated by the trustees
## **E Guarantees and secured debts**
The charity has not given any guarantees and has not provided its assets as security for any liabilities.
The accounts were approved by the trustees and signed on their behalf by
N J Riches N J Riches (Dec 20, 2024 11:50 GMT) -------------------------------------------Nicola Riches Dec 20, 2024 Date: __________
The notes on pages 7 - 8 form part of these accounts.
Page 6
## **THE GATEWAY CHURCH - NEWCASTLE**
## **NOTES TO THE ACCOUNTS**
## **YEAR ENDED 31 MARCH 2024**
## **1 Accounting policies**
The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
|General
funds
£
**2**
**Payments in relation to charitable activities undertaken directly**
Senior Elder costs (see Note 4)
21,460
The Sanctary
0
General running costs (incl. Tabitha's Place)
7,530
Kingdom Kids costs
8,170
Rent
1,080
Property costs
415
Professional costs (incl. insurance)
608
Accounts & Independent Examination
888
40,152
**3**
**Grants & donations paid**
Institutions
0
Individuals
160
160|Restricted
Funds
£
0
22,238
1,364
0
0
0
0
0
23,602
0
500
500|Total
2023
£
21,460
22,238
8,894
8,170
1,080
415
608
888
63,754
0
660
660|Total
2022
£|
|---|---|---|---|
||||23,942
19,053
10,451
0
1,054
284
526
828|
||||56,138|
||||1,280
0|
||||1,280|
## **4 Transactions with related parties**
Sam Douthwaite, a trustee, served as a Senior Elder and received a salary of £18,700. He was paid for serving in that capacity, not for serving as trustee; these payments are permitted by the charity's governing document.
During the year, the wife of a trustee was paid £7,700 in her role as an employee.
Page 7
## **THE GATEWAY CHURCH - NEWCASTLE**
## **NOTES TO THE ACCOUNTS**
## **YEAR ENDED 31 MARCH 2024**
## **5 Movement on funds**
|**Restricted funds**
Tabitha's Place
The Sanctuary Hub
West End Community Gatherings (WECG)
Personal Gifts
**Total Restricted**
**Unrestricted Funds**
**_Designated funds_**
Regent Chapel
**_General Funds_**
**Total Unrestricted Funds**
**Total Funds**|Opening
Balance
£
900
5,526
0
6,426
0
0
23,150
23,150
29,576|Receipts
£
651
29,500
500
30,651
7,500
7,500
36,400
43,900
74,550|Payments
£
(1,364)
(16,712)
(5,526)
(500)
(24,101)
0
0
(40,312)
(40,312)
(64,413)|Transfers
£
0
0
0
0
0
0|Closing
Balance
£
187
12,788
0
0|
|---|---|---|---|---|---|
||||||12,976|
||||||7,500|
||||||7,500|
||||||19,238|
||||||26,738|
|||||||
||||||39,713|
Tabitha's Place is a mercy and outreach ministry offering free refreshments, children's clothes, toys and books.
The Sanctuary Hub is money received for specific project work in the community and costs include a proportion of rent, property costs and payments for a coordinator role. All expenditure from this fund has been spent according to the remit and instruction of the grant providers.
Page 8