Charity registration number: 1171523 The Gateway Group Annual Report alld F2nancial St8ternents for the Year Ended 31 March 2024 Siables Thompson & Briscoe chartET AcGounlants & Statutory Auditors Lomther House tDwther Street Kendal LA9 4DX
The GateTr¥gdy Group Contents (continued) Reference and AdmiE]istrative Details TTU5ttes' Rcp)rt 2to3 Ststernent of Tnjstees, Responsibilities Independ¢nt Examiner's Report Statement of Financial Activities Balan¢e Sheet Notes to the Financial Statements 8 to 13
The Gateway Group Referenee and Administrative Details Trustees K Evans L Gill D Marsden C Park G Pitkersgill A Stainthorpe P INThiteley A Ambrose Charity Regi8tration Nutnber 1171523 Prlntlpal Offi¢e 17 Firjkle Street Kendal Cumbria LA9 4AB AecountatEt8 Stables Thompson & Bi"iscoe Chartcred Accountants and Statutory Auditor tATrWthtr Hollsc Ltswher Street Kendal LA9 4DX Page I
The Gateway Group Trustees, Report The trustees present th¢ annual r¢pon tog¢th¢r with the financial staiements of the charity for the year ended 31 March 2024. Trustees offleers Tlie tte¢S and officers serving during the year and Since the year end were as follows.. Trustees= K Evans L Gill (appointed 19 April 2023) P Lewis (resigned 31 January 2024) D Marsdcn C Park G Pickersgill H Tornlinson {re5igned 31 January 2024) A Stainth¢)rpe P Whiteley A Ambrose Objectives and aetivities Obie(Is The charitys objects ape specifically restticied 10 the following.. The promotion of the Yoluntilry sector in tlie district of South Lakeland for the bencfit of the public by providit)g nllageMent. govemancc and other support io Sm811 charities and voluntary oiganisations that provide a wide range of infOrntIOry support and setvices. PHblic beNefv The trustees coFJfinn thaÉ they have complicd with thc requirements of section 17 of th¢ Charities Act 201110 have due regard to thc public bet)cfJt gllidanL¢ published by the Charity Commtssion for England and Wales. Gr4*t makirtgptslicies The Gateway Group nmde gLts in the year in line with its fimding agreement with SLDC. Fln&nclkt revlew Policy res5 The trustees consider that as the purpose of the charity 1$ to distribure Ln'ants ad as it has no staff or property ¢osts, that the level Df reserves rcquited is very low. At 31 March 2024 the level of unre5tticted reserves at £67 wa5 considered adequate. Structurey governance and management Ndthre ofgovÉriii#g doctstheiit Thc charity was rcgi5tercd as a Charitable Incorporated Orgarttsation (CTOI on 7 F¢bn]ary 2017. ThE charity became active on 20 June 2017 when there was art irtllial tYansfeT of money from a Collaboration of various charities in Kendal Pag¢ 2
The Gateway Group Trustees, Report (contlnued) Recruitmenl aNdappoinlJnenl oftru5tee.s Apart from the first charity tTUStee5. every tte must be appointed for a tem of thr¢E years by a resolutiotj passed ai a properly convened meeting of the charity trllstees. In scleeting individuals for appointment a5 Gharity trustees, th¢ charity tnistees must have r¢gavd to the skills, knowledge and experience needed for the effective administration of the CIO. The charity trustees wll make available to each new charity trustee. on or befo his or her first appointment.. a) & copy of thc cutrcnt ver5i0n of this ¢ortsfirntion' tttjd b} a ropy of the CIO'S latest Tru$t¢es' Annllal R¢porl and statement of accounts. Org4Misqriollal3tructhre The charity is registered as a CIO- Foundation. Its members ar¢ the charity tNst¢¢s. Number ofcharity Irusfee5 a) There must be at least Four14) charity trustees representing at least Four Core Group organisations. If the number falls below thi5 niinirnum, the remaining tte¢ or trnstees may act only to call a meeting of the charity tfustees, or appoint a new charity ttustee. b) The tnaximum nuTnber of charity trustees is Tweity {201. Ti)e maximum number of Core Group organisations is Ten 1101. The charity trusiees may not appoint any charity tfustee if 25 a rcsult the number of charity trustee5 would exceed the maximum. C) Each Core Group organisation will have the rit to have up to Two (2) appointed charity trustees. d) A Cor¢ Group organsation can have Two121 appointed tnLStees attending each meeiing and they may fvlly participate in ¢he a¥enda and 2ny other busin¢ss dis¢ussions. e) When a vote is being taken, a Core Group organisation two trustees in attendance W]1 only rcgister one votc. Jn this ¢ir¢umstance, reasonable tirne. up to five (51 minutes rnust be allowed for Core Group members with twg trustees atteTrding to ae their voting position. Where agrcement belwecn th¢ two twstc¢s is not reached within five {5) rninute4 that vote will be considered &£ abstention. FIBanelal iTh5trutnents Objeclives Alldpolici The tharity's activities expose 1¢ io very few risks as it principally acts as a distributor of grants to other charitie5 ll1h]n its objectives. anTwal report was approvedby the trustees of the ¢harity on 4 July 2024 attd signed on its behalf by.. Trustee Page 3
The Gateway Group Statement of Trustees, Responsibilities The tnte¢S are responsible for pr¢paring the tntee8, report and ihe financial staiements accordance with the United Kingdom Accounting Standards (United Kitigdom Generally Accepted Accounting Practice) and applicable law at reglllations. The law applicable to charities requtres the trustees to prepare fillallcial statements for each financial year which give a trne and fair vicw of the statc of affairs of the charity and of die incomtng rcsources and application of resources of the ¢harity for ihat period. In pi"eparing these financial statements. the trustees are required to.. select sllitable accollnting policies and then apply them consistsntly. observe the methods and principles in the Charities SORP. make judgements and estittthtes that are reastsnable And prudent- state whether applicable accounting ststjdards have been followed. subject to any material depaTtrJres disclosed and explained in the finallcial statements.. and prepart ihe r]nancial statements on tlie COllcenL basis unless it is inappropriate to presUe that the charity will continue in busilless. Thc trustees ate responsible for keeping propcr accountiiig records that disc105e with reasonable accuTacy at any tirne the financial position of the charity and enable thetn to ensure t]iat the finaiicial stateinet]ts coimply wit]1 dic Charilies ACL 2011, tlic Charities (Accoutjls and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguardin¥ the assets of the charity and hence for takin¥ rcasonable steps for the prevention and detection of fraud aiid other irreglllarities. The trustees are respotssible for the maintenance and integrity of the corporate and financial infornwtion in¢lud¢d on the charitable ¢ompangs website. Legislation governing the preparation and dissemination of fnancial Statements may differ froin Itgislation in other jurisdictions. Approved by the trustees of the charity on 4 Jllly 2024 and signcd on its behalf by.. ee Page 4
The Gateway Group Independent EumineI Report lo the trnstees of The Gateway Group 2024. Ruponsibiiltles nd bJii of report As th¢ charity tr of The Gatewpy Group you rrfponsiblc for the preparation of th¢ accounts in aCraThCe Mryth th¢ r¢quiremcnts of th¢ CharitirA Act 2011 {'the Act,). I report in r¢sprfi of my eXamItion of the The Gateway Group's 4¢¢ounts carried out under section 145 of th¢ 2011 A¢t and in canying out my examinlon I have follord all thc applicable Directions giv¢n by the Charity Commission under section 145{5Nb) of the Act. IDd¢wde#t euminer'• •tsteme•t I have complewi my examinatson. I confTh no tmtrrial matter5 bave come w my atte10 in conti¢0 or set out in the Chities IAccowts and Reporfs) Rwtsiion5 2(18 other than any rtquirem¢M thit the accounts giv¢ a 'tru¢ and fair view is not a matttr cowsidard as part of m i[mk1cDI examinauon. I hav¢ no ¢on¢em8 and have across other coonertion Tth the examinthon which attenlio should be drnwn in thig r¢port in Otr en•ble a PTop¢r UnderIng of the accounts to be reached. H¢l¢rt Holmcs Bsc FCA ICAEW Chanered Ac¢ountth & Ststuknry AlirS Lowth¢r House b)wther Street K¢ndal LA9 4DX Pag¢ 5
Th¢ Gateway Group Stthtement of Financial Ac(ivities for the Year Ended 31 March 2024 Unrestrlettd funds Restricted funds Total 2024 Note Income Endowments from: Expendlture on: Charitable activities (1.397) 11.397) Total expenditure 11,397) {1,397) Net expenditure 11,3971 11.397) Net movement in funds (1.397) (1,397) Re¢oncili8tioD of fllnd$ Total fimds biought forward 67 8,449 8,516 Total fimds carried f¢)nvard 67 7,052 7,119 Unrestrleted funds Restrfeted funds Total 2023 Note Income and Endowments from: Expenditure on: CliaTitsble aclivities (32,6091 132,609) Total expenditur¢ 132,6091 132,6091 Nel expenditur¢ (32,6091 132,6091 Ne¢ m(pvement in futtds {32.609) {32,609) RecoDciliation of fund5 Total fiwds brought foThvard 67 41,058 41,125 Totsl fimds ¢attied forward 67 8.449 8.516 All of the chartty's activitics derive from continuing operations during the above two periods. The fimds brekkdowi for 2023 is shown note 9. The notes on pages 8 to 13 forni tntegral part of these financial statements. Page 6
The GateTvYdy Group (Registration number: l 171523) Balance Sheet as at 31 March 2024 2024 2023 Note Current assets Cash at bank and in hand 7,844 9.219 Credltors: Amounts falling due within one y¢gr 725} 1703) Net assets 7,119 8,516 Funds of tht ¢harity: Restrteted income httds Restricted fi3nds 7,052 8.449 Unrestricted income fullds Unrcstricltd filS 67 67 Total fund5 7.119 8,516 Th¢ fJtw]¢tal statEm¢nt6 Qts pag¢5 6 to 13 w¢re approved by the twstees. and authorised for issue on 4 July 2024 and signed on ibeir behalf by.. rn]stee The notes on pages 8 to 13 fomj an integral part of these financial statements. Page 7
The Gateway Group Notes to the Financial Statements for the Year Ended 31 Mareh 2024 I AccoTLnting policies Statcmcnt of eomplSanee Th¢ finaneial siatcmettts have been prepared in accordancc with thc second edttion of the Charities Statement of Recomtnended Practice issued in October 2019, the Financial Reporting Standard applicable in ihe United Kingdorn and Republic of Ireland IFRS 102) and the Charities Act 2011. Basls of prep#rntlon The Gateway Group is a Charitable Incorporated Entity (CIO) regYstered in Lngland . In the event of the charity b¢ing wollnd up, the member5 of the CIO have no liability to contribute to its assets and no personal re5POll51bility for settliT2g It debts and liabilities. The address of the registered office is given in tht charity inforniation page of these financial slat¢ment5. The nature of the charity's OPErations and prtncipal activities are s stdted in the trustee5' report. The GattY Group meets the definition of a public benefit entity under FRS 102. Assets and liabiltties are inttially recognised at historical cost or transaction value unless otherwise stated Èn the relevant accountlllg policy notes. The financial stateTnents are presented in Sterling which is the functionai CuenCY of the chaTity and munded to the nearest £. Go5ng cDneern The trustees consider thai there are no nterIal uncertainties alx)ut the charity's ability to eontinue a5 a going concem. In¢ome and endowments Expenditure All expenditure is recognised once there is a legal or constEiJctive obligation to that expaiditurt, it l5 probable settlement Is required and the amount Can be measured reliably. All costs are allocated to the applicable expenditure hcading that aggrcgate similaT costs to that category. Where costs cannot be directly attributed to particulaT headit]gs they have been allocated on a ba515 consistent with the use of resource5, Wlth central staff costs allocared on the basis of time spent, and depreciation ¢harges allocated on the portiDn of thc assct's use. Other support costs are allocated based on the spread of Staff costs. Ch4rilAble A¢tiwilies Charitable expendithre comprises those cosL8 incurred by the cliarity in the delivery of its activitle5 alld services for its beneficiaries. Ir IrtclLeS both costs thar can be allocated directly io such a¢tivitics and th¢)s¢ costs of an indir¢ct nature neccssary to support them. Gafvtprovlsl&hs Provisions for grants are made when the iniention to make a grant has been communi¢at¢d tt> th¢ r¢cipi¢nt but there is uncertainty about either the tiijhing of the alll or the amount ofgrani payable. Governanee costs These include the costs attributable to the cKvity'8 compliance with constitutional and statutory requirements. ineluding audit, stragic managemertt and trustees meeiings and reimbursed expense& Pagc 8
The Gateway Group Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Taxatlon The chaTity Is ronsidered to pas5 the tests set out in Parigraph I Schedult 6 of the Finatscc Act 2010 and therefore it meets the definition of a charÉtable company for UK corporation tax purposes. Accordingly. the chariry is potentially exempt from taxation in respect of income or capital gains received within categories coveTed by Chdpter 3 Part I l tsf the COortIon Tax Act 2010 or Section 256 of the Taxation of Chargeable Qains Act 1992, to the extent that such income or gain5 aTe applied exclusively to tharitable PUTPOSeS. Cash cash equlvalcnts Cash and cdbh ¢quival¢nts ¢tFTDpris¢ ¢ash ot] hand and ¢811 dq)osits, and tsther short-trnn htghly liquid investments that att readily convertible to a known amount of cash and are subject to an insigttificant risk of change irt value. Trnde oredltors are obligations to pay for good5 or service5 that have been acquired in the ordinary cours¢ of business fro suppliers. A¢counts payable are tlasstfied as current liabilities if the does not have an unconditional right, at the end of the reportii?g period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is att uneonditional right to defei. settlement for at least twelve ]nonths aficr the reporting date, they presented as non-trreftt liabilities. a re£ogDised illitially &t the transaction price and subsequently Fneasured at aTnortised cost 5]8 the effective interest method. Fund strutture Unrestricted income funds are general fimds that are available for ust at the trustees discretion in furtherance of the objectives of the tharity. Restricted income funds are those donaied for use in a particular area or for specific purposes the use of which is restricted to that area or PUTPOge. Page 9
The Gateway Group Notes to the Financial Statements for the Year Ended 31 March 2024 (eontlnued) 2 Expenditure charitable actiTrTrtie5 Restrlcted funds Total 2024 Note Grant fillHling of activitie5 Goven]ance costs 500 897 500 897 1.397 Restrlcted funds l J97 Total 2023 fiote Training ¢Y¢nt Gr&Rt funding of activities Governance costs 1.980 29.927 702 1,980 29.927 702 32.609 32.609 GraTht fllnding of activity 2024 Grants payable 500 500 Grant fundimg of actiwity 2023 Grants payable 29,927 29,927 3 Analysis of govern#nte and support eosts Goverllxnce C4bsIs Restricted fund$ Total 2024 Indepcndcllt examincr fees Examinatiot) of the fit)ancial statemertts Markcting and publicity 712 185 712 185 897 Restricted funds 897 Total 2023 Independent ex8rniner fee5 Examination of the flnancial st2tements 702 702 702 702 Page 10
The Gateivay Group Notes to the Financial Statements for the Year Ended 31 March 2024 {continued) 4 Grant-maklng Analysis of grants Cyr&nt5 to institutions 2024 2023 Anglysis Grants payable 500 29.927 The support costs associated with grent-makivg a £Nil {31 March 2023 - £Nil). Below ar¢ detaits of material grants made to institutions. 2024 2023 Ngme of institutio Age UK South Lakeland Staveley Activity 29.927 5(K) 500 29,927 5 Trustees rernutttratlon and ¢xpe$ No truste¢5, nor any persons con]iected with the have received any reMuner&tion frorn the charity during the year. No trustees havc received atry reimbursed expenses or any other benefits from the charity the year. 6 Independent ex8mlner's remunergtlo 2024 2023 Examination of the r]nancial statements 712 702 7 Tax?tlon The charity is a registered charity and is therefore exempt from taxation. Pagell
The Gateway Group Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 8 Crtdltors: #mount5 falling due within one year 2024 2023 A¢cnwls 725 703 9 FuDds Balance at 31 Mar£h 2024 Re50llrees expended April 2023 Unre$tri¢led funds General Unrestricted general funds 67 67 Restricted funds SDLC nding 8,449 11,3971 7.052 Total funds 8,516 (1,3971 7,119 Balance at 31 .TrIarch 2023 Balance at I Aprll 2022 Resources expended Unre5trieted ndS Ge#eral Unrc5tricted general fimds 67 67 Restricted SDLC ndIllS 41,058 (32.609) 8.449 Total funds 41,125 (32,609) 8.516 10 Analysls of net #S5ets between funds Unrestricted fullds Gencral Total funds at 31 March 2024 Restricted funds Current assets Current liabilities 67 7,777 (7251 7,844 (725) Total Det assets 67 7,052 7.119 Page 12
Th¢ G2tsway Group Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Unrestricted fund$ Geeral Total fullds at 31 Marc 2023 Restricted funds Current assets Current liabilities 67 9,152 1703) 9,219 (703 Total net assets 67 8,449 8.516 11 Related party tYnsctions Durillg the year the Charity made the following related party transa¢tions'. Age UK South Lakeland Age UK South Lakeland manages thc charity and also re¢¢iv¢s grant money from th¢ charity Os disclosed in Grallt-rnaking. At the balance shcet date the amount due tolfrom Age UK South Lakeland w&s £Nil12023 - £Nil). Page 13