Registered Charity Number 1173971
## **GATEWAY M40 TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2022**
## **Report of the trustees for the year ended 31st December 2022**
year ended 31st December 2022.
policies set out in note 1 to the accounts and comply with the charity’s trust deed, 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 (FRS 102) (eMective 1 January 2019).
## **Objectives and activities**
## **History**
Gateway Debt Advice began in May 2016 as a small project based at the Church of the Saviour, Collyhurst, North Manchester. It was to provide a locally known and safe place where people could receive debt advice to help them make a fresh start free of debt. In July 2017, Gateway Debt Advice was constituted as a CIO, Charitable Incorporated Organisation, under the name Gateway M40 – the local postcode designation. In June 2020, Gateway M40 moved its base of operations from Church of the Saviour, which could no longer accommodate the growing needs of the charity, to oMices in Wilsons Park, Monsall, still within the postcode area.
## **Objects**
The purposes of Gateway M40 as set out in its constitution are:
1. The prevention or relief of poverty in the Archdeaconry of Manchester by providing grants, items and services to individuals in need and other organisations working to prevent or relieve poverty.
2. To advance the education of the public in the Archdeaconry of Manchester in money management, budgeting, growing and cooking food and computer skills to enable them to develop their capacity and skills in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society.
## **Activities**
The core activity of Gateway M40 is to oMer free client debt advice to help individuals to become free of debt. The advice oMered considers all options for debt resolution and how they might best serve each individual client. It is always the client's choice as to which option is taken. It is part of our service to help clients maximise their income and minimise their expenditure. This involves help with budget creation, benefit checks and signposting to other services that might help. We work with partners to deliver a food pantry service and manage a food and fuel poverty voucher scheme.
public benefit when reviewing the Charity’s aims and objectives, in planning future activities, and setting the policies for the year.
## **A review of our achievements and performance: How our activities delivered public benefit**
were just some of the factors adding pressure to household incomes in 2022. The Joseph Rowntree Foundation reported that around 3.8 million people in 2022 were not able to meet their basic physical needs: to stay warm, dry, clean and fed. Food bank charities and debt advice charities were all reporting an increase in demand for their service. Certainly this was the case for Gateway M40.
In 2022 Gateway has helped 4,500 clients; of these 1800 clients needed debt and or benefit advice, 2,600 used our food pantry services, 200 were in receipt of fuel vouchers and we delivered nearly 200 Christmas sacks to families. In 2022 Gateway has managed almost £1.5 million of debt and has increased client income by £450,000. Gateway has also processed through Acts 435 £8,000 of small grants (approx. 160 x £200) directly to clients to purchase household items, child and baby clothing etc. Gateway also processed over 200 applications for fuel vouchers helping to distribute the equivalent of £10,000.
In 2022 as in all other years Debt Relief Orders account for the largest number of debt resolutions at 38; Gateway also processed 15 payment arrangements, 1Individual Voluntary Arrangement and 5 other resolutions.
We continue to work with a number of partner agencies including Home start, MCC Housing, Jigsaw, N.93, Social Services and probation. This means we can work wholistically with our clients engaging with diMerent needs. This has proved beneficial to our clients as increasingly they present with more complex needs which need to be met before we can appropriately tackle their existing debt and ensure that with an appropriate budget they can continue to live debt free.
Likewise we continue to maintain our outreach to make our services more accessible; these services are spread across North Manchester and include St Paul’s Blackley hub, N.93 mental health crisis drop in, Church of the Saviour, Newton Heath GP surgery.
This year Gateway has “dipped its toe” in to social media as we have noticed a trend in advertising debt services that are not free to client and other message that do not give full and accurate information. We do not advertise Gateways’ services directly but encourage people to search the Community Money Advice website for a free service near them. To date we have 250,000 TikTok hits and 19,000 on our website.
## **Financial review**
Expenditure in 2022 was £176,188 and income totalled £217,981This in year surplus was anticipated in our budgets and forms part of planned expenditure in 2023. At the end of the year we hold £148,000 in our bank accounts. We thank all our funders for their support, notably in this year The National Lottery Community Fund, The Henry Smith Charity, and Tudor Trust.
By far our biggest expenditure is salary related costs this year totalling almost £120,000 followed by rent and utilities at £16,000. Toward the end of this year we reviewed our salary structures recognising that staM had gained higher qualifications and amassed more experience. We believe the salary structure to be industry standard .
Some £27,000 of expenditure represents grants directly to our clients through fund raising above that of planned budget. This careful use of our limited budget reflects Gateways intention to spend our financial resources in the way that best serves our clients. Without question it is the work of our staM, the face to face client work they do, and the administrative work required by the caseloads they carry that achieves the amazing results we do on behalf of our clients. The remaining expenditure is 8% of total budget and represent the sundry expense need to run the oMice and the work Gateway undertakes.
## **Investment powers and policy**
The trustees, having regard to the liquidity requirements of operating the charity, have kept available funds in a savings account.
## **Reserves policy and going concern**
The Charity's main source of income is grants. The Trustees consider that it is appropriate to prepare the accounts on a going concern basis and, consequently, the accounts do not include any adjustments that would be necessary if these sources of income should cease. The trustees aim to establish and maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure.
The trustees consider that this level will provide suMicient funds to respond to applications for grants and ensure that support and governance costs are covered. The trustees consider that the charity is a going concern. Any reliance on grant funding is managed through a flexible approach to activities and project delivery.
## **Risk management**
As the charity continues to establish itself the trustees will conduct a review of the major risks to which the charity may be exposed, and systems will be established to mitigate those risks.
## **Plans for Future Periods**
As we move into 2023 we recognise that we need to begin fund raising for 2024 and onwards. This is always a diMicult time in the life of the charity and reflects the pressures we face being fully dependant on grant funding bodies. We have begun applications to the Henry Smith charity, and we are hopeful that now Gateway is well established with a proven track record we will enjoy some success. We will also speak with the National Lottery Community Fund to ask about the possibility of refunding the next three years.
clients and the demands of our budget. We will continue to invest in staM training and wellbeing. In particular use of the national CMA conference, social media training and training that will staM better identify client needs especially issues around mental health. Other concerns that training can help with is around gambling and what appears to be a rise in illegal money lending.
## **Structure, governance and management**
Gateway M40 is a Charitable Incorporated Organisation governed by its constitution dated July 2017 amended November 2022 and registration as a Charitable Incorporated Organisation number 1173971 with the Charity Commission on 27th July 2017.
## **Appointment of trustees**
As set out in the constitution trustees are appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. Retiring trustees are eligible for reappointment unless they have served three terms of oMice in which case there must be an interval of at least 12 months before reappointment. The trustees administer the charity and meet every at least quarterly. An operational manager has been appointed by the trustees to manage the day-to-day operations of the charity.
## **Trustee induction and training**
appointed. They are also given a copy of the constitution, information about staMing and the charity management, and are shown copies of policy documents.
## **Reference and administrative information**
Charitable Incorporated Organisation Name: Gateway M40 Number: 1173971.
Date Registered: 27th July 2017
## **Trustees**
Rev Christopher Fallone Chair Qutubuddin Chasma Edward Roberts Simon Fox
## **Operational Manager**
Wendy Steele
## **Principal OKice**
The Newton Suite Wilsons Park Building 2H Monsall Road Manchester M40 8WN
## **Independent Examiners (2022)**
ROKNOD Accountants OMice No. 1 City View OMices 99 Long Street Manchester M24 6UN **Bankers**
CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent. ME19 4JQ
## _**GATEWAY M40**_
_**STATEMENT OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**_
**Charity Registration Number 1173 971**
## _**INDEPENDENT EXAMINER'S REPORT TO GATEWAY M40**_
## _**CHARITY REG. NO. 1173 971**_
_I report on the accounts of the trust for the year ended 31 December 2022 which are set out on pages 1 and 2_
## _**Respective responsibilities of Trustees and examiner**_
_As the Charity's trustees, you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144 of the Charities 2011 act (the Act) does not apply._
_It is my responsibility to:_
- _-examine the accounts (under section 145 of the Charities Act);_
- _-follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act); and -state whether particular matters have come to our attention._
## _**Basis of independent examiner's statement**_
_My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 a 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 we do not express an audit opinion on the accounts._
## _**Independent examiner's statement**_
_In connection my examination, no matter has come to my attention._
- _1 which gives us reasonable cause to believe that in any material respect the requirements:_
- _to keep accounting records in accordance with section 130 of the Charities Act; an_
- _-to prepare accounts which accords with the accounting records and comply_
- _with the accounting requirements of the Act have not been met;_
_2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached._
_Geoffrey Kwakye- Donkor ( FCCA) ROKNOD Accountants Chartered Certified Accountants Office No.1 City View Offices 99 Long Street Manchester M24 6UN_
## _**GATEWAY M40 PROFIT AND LOSS ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022**_
|**_CHARITY NO. 1173 971_**
**_INCOMING RESOURCES_**
_(Note 3)_
_Lottery_
_Arms Trust_
_Manchester City Council_
_CSA_
_Big Local_
_NHS M/cr Active TII_
_NHS Manchester_
_Henry Smith_
_CAF Bank_
_National Lottery_
_Peter Kershaw_
_Tudor Trust_
_Auriga Energy Scheme_
_Interest_
_Deposit into CAF Gold Account_
_Reimbursement receipts_
_Grant_
_Donations_
_CMA_
_SIPP_
_Creative Stream Refund_
_Acts 435_
_Miscellaneous Receipts_
**_TOTAL INCOMING RESOURCES_**|_Restricted_
_Unrestricted_
_Income_
_Endowment_
**_Total_**
_Total_
_Funds_
_Funds_
_Funds_
**_2022_**
_2021_
_137,576_
_-_
_-_
**_137,576_**
_105,080_
_-_
_-_
_-_
**_-_**
_10,000_
_-_
_-_
_-_
**_-_**
_6,163_
_10,000_
_-_
_-_
**_10,000_**
_10,000_
_-_
_-_
_-_
**_-_**
_8,000_
_-_
_-_
_-_
**_-_**
_2,000_
_13,750_
_-_
_-_
**_13,750_**
_-_
_10,500_
_-_
_-_
**_10,500_**
_-_
_-_
_-_
_-_
**_-_**
_18,531_
_-_
_-_
_-_
**_-_**
_-_
_-_
_-_
_-_
**_-_**
_2,000_
_30,000_
_-_
_-_
**_30,000_**
_2,000_
_2,940_
_-_
_-_
**_2,940_**
_135,765_
_100_
_-_
_-_
**_100_**
_-_
_-_
_-_
_-_
**_-_**
_-_
_-_
_-_
_-_
**_-_**
_-_
_-_
_-_
_-_
**_-_**
_250_
_-_
_-_
**_-_**
_125_
_1,385_
_-_
_-_
**_1,385_**
_700_
_-_
_-_
_-_
**_-_**
_256_
_-_
_-_
_-_
**_-_**
_7_
_11,590_
**_11,590_**
_140_
_-_
_-_
**_140_**
_1_
_217,981_
_-_
_-_
_217,981_
_300,878_|
|---|---|
_1_
## _**GATEWAY M40 PROFIT AND LOSS ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022**_
|**_CHARITY NO. 1173 971_**
**_RESOURCES EXPENDED_**
_(Notes 4-8)_
_Net Salary_
_HMRC & NI_
_Pension Payments_
_Account Fees_
_Insurances_
_Professional Affiliations_
_Email & Website_
_Telephony: Direct Voice and Data_
_Mobile Phone_
_Postage_
_Stationery_
_Consultancy_
_Staff & Volunteer Travel and Training_
_Grants_
_BC Charity Development_
_Rent and Utilities_
_Business Rates_
_DRO Payments_
_Auriga - Energy Voucher Scheme_
_TBBT Food Voucher Scheme_
_TII Expenditure_
_Depreciation of Fixed Assets_
_Trivial Benefits_
_Sundry_
_NEST_
**_TOTAL RESOURCES EXPENDED_**
**_Net incoming/(outgoing) resources_**
_before transfers_
**_Gross Transfers between funds_**
**_Net movement in Funds_**
_before other recognised gains/(losses)_
**_NET MOVEMENT IN FUNDS_**
_TOTAL FUNDS BROUGHT FORWARD_
**_TOTAL FUNDS CARRIED FORWARD_**|_Restricted_
_Unrestricted Income_
_Endowmen_
**_Total_**
_Total_
_Funds_
_Funds_
_Funds_
**_2,022_**
_2,021_
_90,306_
_-_
_-_
**_90,306_**
_100,770_
_14,315_
_-_
_-_
**_14,315_**
_23,566_
_6,134_
_-_
_-_
**_6,134_**
_10,200_
_81_
_-_
_-_
**_81_**
_96_
_767_
_-_
_-_
**_767_**
_732_
_1,827_
_-_
_-_
**_1,827_**
_1,465_
_2,573_
_-_
_-_
**_2,573_**
_2,702_
_2,654_
_-_
_-_
**_2,654_**
_3,185_
_240_
_-_
_-_
**_240_**
_376_
_1,203_
_-_
_-_
**_1,203_**
_875_
_310_
_-_
_-_
**_310_**
_522_
_2,893_
_-_
_-_
**_2,893_**
_-_
_1,091_
_-_
_-_
**_1,091_**
_330_
_14,558_
_-_
_-_
**_14,558_**
_250_
_-_
_-_
_-_
**_-_**
_838_
_16,075_
_-_
_-_
**_16,075_**
_12,889_
_1,069_
_-_
_-_
**_1,069_**
_1,211_
_1,070_
**_1,070_**
_-_
_-_
_-_
**_-_**
_114,908_
_8,551_
_-_
_-_
**_8,551_**
_990_
_3,288_
_-_
_-_
**_3,288_**
_3,865_
_1,842_
_-_
_-_
**_1,842_**
_1,996_
_2,100_
_-_
_-_
**_2,100_**
_-_
_1,646_
_-_
_-_
**_1,646_**
_244_
_1,595_
**_1,595_**
_176,188_
_-_
_-_
_176,188_
_282,011_
_41,793_
_-_
_-_
_41,793_
_18,867_
_-_
**_41,793_**
**_-_**
**_-_**
**_41,793_**
_18,867_
_41,793_
_-_
_-_
**_41,793_**
_18,867_
**_-_**
_112,139_
_-_
_-_
**_112,139_**
_93,272_
**_153,931_**
**_-_**
**_-_**
**_153,931_**
_112,139_|
|---|---|
_2_
## _**GATEWAY M40 BALANCE SHEET AS AT 31 DECEMBER 2022**_
|**_FIXED ASSETS_**
_TANGIBLE ASSETS_
_Note 9_
_Note 10_
**_TOTAL FIXED ASSETS_**
**_CURRENT ASSETS_**
_Stock and Work in Progress_
_Debtors and Prepayments_
_Note 11_
_(Short term) investments_
_Cash in Hand and at Bank_
**_TOTAL CURRENT ASSETS_**
_Creditors: amounts_
_Note 12_
_falling due within one year_
**_Net Current Assets/(Liabilities)_**
**_Total Assets Less Current Liabilities_**
_Creditors: amounts_
_Note 12_
_falling due after one year_
_Provisions for Liabilities and Charges_
**_NET ASSETS_**
_FUNDS OF THE CHARITY_
_Unrestricted Funds_
_Restricted Income Funds_
_Note 13_
_Endowment Funds_
**_TOTAL FUNDS_**|_Restricted_
_Unrestricted_
_Income_
**_Total_**
_Total_
_Funds_
_Funds_
**_2022_**
_2021_
_7,367_
_-_
**_7,367_**
_7,983_
**_-_**
_-_
**_-_**
_-_
_7,367_
_-_
**_7,367_**
_7,983_
_-_
_-_
**_-_**
_-_
_-_
_-_
**_-_**
_-_
**_-_**
_-_
_148,159_
**_148,159_**
_104,155_
_148,159_
_-_
**_148,159_**
_104,155_
_1,595_
**_1,595_**
_-_
**_-_**
_146,564_
_-_
_146,564_
_104,155_
**_153,931_**
**_-_**
**_153,931_**
_112,138_
_-_
-
_-_
_-_
_-_
**_-_**
_-_
**_153,931_**
**_-_**
**_153,931_**
_112,138_
_153,931_
_-_
**_153,931_**
_112,138_
_-_
_-_
_-_
_-_
**_153,931_**
**_-_**
**_153,931_**
_112,138_|
|---|---|
> _**Signature of Trustee(s)**_ Christopher Fallone _**Name** REV. CHRISTOPHER FALLONE (CHAIR PERSON)_ _**Date of Approval**_
28th June 2023
_3_
## _**GATEWAY M40**_
## _**NOTES TO THE ACCOUNTS**_
## _**NOTE 1 BASIS OF PREPARATION**_
## _**1.1 BASIS OF ACCOUNTING**_
_These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:_
_Accounting and Reporting by Charities- Statement of Recommended Practice (SORP 2011); and with Accounting Standards;_
_and with the Charities Act 145_
## _**1.2 CHANGE IN BASIS OF ACCOUNTING**_
_The Charity's income passed the Receipts and Payments threshold this year, the charity therefore changed from Receipts and Payment accounts to Accrual Accounting_
## _**1.3 CHANGES TO PREVIOUS ACCOUNTS**_
_There has been an adjustment to the previous year's account by eleminating Fixed Assets from the previous year's account._
## _**1.4 MATERIAL DONATIONS**_
_Material Donations include:_
|_National Lottery_|_137,576_|
|---|---|
|_Tudor Trust_|_30,000_|
_**GATEWAY M40 NOTES TO THE ACCOUNTS**_
## _**Note 2 ACCOUNTING POLICIES**_
_This standard list of accounting policies has been applied by the charity._
## _**INCOMING RESOURCES**_
## _**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 as 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 have 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 incoming resources when receivale._
## _**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_
## _**Volunteer help**_
_The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report_
## _**Investment income**_
_This is included in the accounts when receivable_
## _**Investment gains and losses**_
_This includes any gain loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year._
_5_
## _**GATEWAY M40 NOTES TO THE ACCOUNTS**_
## _**EXPENDITURE AND LIABILITIES**_
## _**Liability recognition**_
_Liabilities are recognised as soon as there is a legal construstive obligation committing the charity to pay out resources_
## _**Governance costs**_
_Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and costs of any legal advice to trustees on governance or constitutional matters. They also include Premises costs, made up of Rent Lighting and Heating, Administrative costs including Telephone and internet, postage and stationery, as well as Travel and other Volunteers expenses_
## _**Grant 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 receipient of the grant has provided the specific service or output._
## _**Grants payable without performance condition**_
_These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the 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 resources, eg alocating property costs by floor areas, or per capita,staff costs by the time spent and other costs by their usage._
## _**ASSETS**_
## _**Tangible fixed assets for use by the Charity**_
_These are capitalised if they can be used for more than one year, and cost at least £300.They are valued at cost or a reasonable value on receipt._
## _**Investments**_
_Investments quoted on a recognised stock exchange are valued at market value at the yearend. Other investment assets are included at trustees' best estimate or market value._
6
## _**GATEWAY M40 NOTES TO THE ACCOUNTS**_
## _**Note 3**_
|**_Analysis of incoming resources_**
_Analysis_
_Lottery_
_Arms Trust_
_Manchester City Council_
_CSA_
_Big Local_
_NHS M/cr Active TII_
_NHS Manchester_
_Henry Smith_
_CAF Bank_
_Peter Kershaw_
_Tudor Trust_
_Auriga Energy Scheme_
_Interest_
_Grant_
_Donations_
_CMA_
_SIPP_
_Creative Stream Refund_
_Acts 435_
_Miscellaneous Receipts_
**_TOTAL INCOMING RESOURCES_**|**_2022_**
_2021_
**_£_**
_£_
_137,576_
_105,080_
_-_
_10,000_
_-_
_6,163_
_10,000_
_10,000_
_-_
_8,000_
_-_
_2,000_
_13,750_
_-_
_10,500_
_-_
_-_
_18,531_
_-_
_2,000_
_30,000_
_2,000_
_2,940_
_135,765_
_100_
_-_
_-_
_250_
_-_
_125_
_1,385_
_700_
_-_
_256_
_-_
_7_
_11,590_
_-_
_140_
_1_
**_217,981_**
_300,878_|
|---|---|
_7_
## _**GATEWAY M40 NOTES TO THE ACCOUNTS**_
## _Note 4_
## _**Analysis of Resources expended**_
_Costs of generating voluntary income_
|_Charitable activities_
_Analysis_
_Net Salary_
_HMRC & NI_
_Pension Payments_
_Account Fees_
_Insurances_
_Professional Affiliations_
_Email & Website_
_Telephony: Direct Voice and Data_
_Mobile Phone_
_Postage_
_Stationery_
_Consultancy_
_Volunteer Training_
_Bank Charges_
_Grants_
_BC Charity Development_
_Sundry_
_DRO Payments_
_Auriga - Energy Voucher Scheme_
_TBBT Food Voucher Scheme_
_TII Expenditure_
_Depreciation of Fixed Assets_
_Trivial Benefits_
**_Total_**
_Sundry_
_NEST Pension adjustment_
_Premises Costs_
_Rent and Utilities_
_Business Rates_
**_Total_**
**_GRAND TOTAL_**|**_2022_**
_2021_
**_£_**
_£_
_90,306_
_100,770_
_14,315_
_23,566_
_6,134_
_10,200_
_81_
_96_
_767_
_732_
_1,827_
_1,465_
_2,573_
_2,702_
_2,654_
_3,185_
_240_
_376_
_1,203_
_875_
_310_
_522_
_2,893_
_1,091_
_330_
_-_
_-_
_14,558_
_250_
_-_
_838_
_-_
_244_
_1,070_
_-_
_114,908_
_8,551_
_990_
_3,288_
_3,865_
_1,842_
_1,996_
_2,100_
-
_1,646_
_-_
_1,595_
_-_
**_159,044_**
_267,911_
_16,075_
_12,889_
_1,069_
_1,211_
**_17,144_**
_14,100_
**_176,188_**
_282,011_|
|---|---|
_8_
## _**GATEWAY M40 NOTES TO THE ACCOUNTS**_
|_Note 5_|||||
|---|---|---|---|---|
|_Support Costs_|||||
|||_FundraisinCharitable _|_GovernancTotal Cost_||
|||_activity_
_activity_|_activity_||
|_Support cost type_||_None_
_None_|_None_|_None_
_None_|
|_Total_||_-_
_-_|_-_|_-_
_-_|
|**_Note 6_**|**_DETAILS OF CERTAIN ITEMS OF EXPENDITURE_**||||
|**_6.1 Trustee expenses_**|||||
|_Number of trustees who were paid expenses_||||**_2022_**
_2021_
**_None_**
_None_|
|_Nature of expenses_||||**_N/A_**
_N/A_|
|_Total amout paid_|||||
|**_6.2 Fees for examination or_**||**_audit of the accounts_**|||
|_Independent examiner's or auditors' fees for_||||**_2022_**
_2021_
**_-_**
_-_|
|_reporting on the accounts_|||||
|_Other fees (e.g. advise, consultancy, accountancy,_||||**_-_**
_-_|
|_services) paid to the independent examiner or auditor._|||||
|||||**_-_**
_-_|
_9_
## _**GATEWAY M40**_
## _**NOTES TO THE ACCOUNTS**_
|_Note 7_
_Paid employees_
_7.1 Staff costs_
_Net wages, salaries and benefits in kind_
_Tax & National Insurance to HM Revenue & Customs_
_Pension costs_
_7.2 Average number of full-time equivalent employees in the year_
_Total_
_Pession Scheme in operation._|**_2022_**
_2021_
**_£_**
_£_
**_90,306_**
_100,770_
**_14,315_**
_23,566_
**_6,134_**
_10,200_
**_2022_**
_2021_
**_Number_**
_Number_
**_8_**
_5_
**_8_**
**_5_**
**_NEST PENSION_**
_NEST PENSION_|
|---|---|
_10_
## _**GATEWAY M40**_
## _**NOTES TO THE ACCOUNTS**_
## _**Grantmaking**_
_**8.1 Total Value of grants** Grants to Individuals Institutions Total £ NONE NONE_ _**Total** -_
## _**8.2 Grantmaking costs**_
_The Charity does not prepare accounts based on ''Activity Basis''_
_**8.3 Material Grants to Institutions** Total Grant Paid Names of Institutions Purpose £_
_**Total** -_
_11_
## _**GATEWAY M40 NOTES TO THE ACCOUNTS**_
## _**Note 9 TANGIBLE FIXED ASSETS**_
## _**9.1 cost or valuation**_
|_Balance b/fwd_
_Additions_
_Disposals_
_Transfers_
_Balance c/fwd_|_Freehold_
_Other_
_Plant_
_Fixtures,Payments on_
_Total_
_Land &_
_Land & Machinery &_
_Fittings &account and_
_Buildings Buildings otor Vehicles Equipments assets under_
_construction_
_£_
_£_
_£_
_£_
_£_
_£_
_-_
_-_
_-_
_9,979_
_-_
_9,979_
_-_
_-_
_-_
_2,536_
_-_
_2,536_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_12,515_
_-_
_12,515_|
|---|---|
## _**9.2 Accumlated depreciation and impairment provisions**_
|**_Basis_**
**_Rate_**
_Balance b/fwd_
_Charge for the year_
_Impairment provisions_
_Revaluations_
_Disposals_
_Transfers_
_Balance c/fwd_
**_9.3 Net book value_**
_carried forward_
_brought forward_|_SL or RB_
_SL or RB_
_SL or RB_
_SL or RB_
_SL or RB_
_0%_
_0%_
_0%_
_0%_
_0%_
_-_
_-_
_-_
_3,306_
_-_
_3,306_
_-_
_-_
_-_
_1,842_
_-_
_1,842_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_5,148_
_-_
_5,148_
_-_
_-_
_-_
_7,367_
_-_
_7,367_
_-_
_-_
_-_
_7,983_
_-_
_7,983_|
|---|---|
## _**9.4 Revaluation**_
_The Charity has not revalue ant of her assets_
## _**Note 10 Investment Assets**_
_-_
_-_
_12_
## _**GATEWAY M40 NOTES TO THE ACCOUNTS**_
|**_Note 11_**
**_Debtors and Prepayments_**
_Analysis of debtors_
_Trade debtors_
_Amounts due from subsidiary and associated_
_undertakings_
_Other debtors ( Gift Aid Receivable)_
**_Total_**
**_Creditors and Accruals_**
_12.1 Analysis of creditors_
_Loans and overdrafts_
_Amounts due to subsidiary and asscoiated_
_Undertakings_
_Other creditors (NEST Pension adjustment)_
_Accurals and deferred income_
**_Total_**|**_2022_**
**_£_**
**_-_**
**_-_**
**_-_**
**_-_**
**_-_**
**_2022_**
**_2021_**
**_£_**
**_1,595_**
**_-_**
_-_
**_1,595_**
**_-_**
_Amounts falling due_
_within one year_
_Amounts falling due_
_within one year_|**_2021_**
_£_
_-_
_-_
_-_
_-_
_-_
_2022_
_2021_
_£_
**_-_**
_-_
_-_
_-_
_-_
_-_
_Amounts falling due after_
_more than one year_
_Amounts falling due after_
_more than one year_|
|---|---|---|
## _**12.2 Security Over Assets**_
_13_
## _**GATEWAY M40 NOTES TO THE ACCOUNTS**_
## _**Note 13**_
## _**Endownment and Restricted income funds**_
## _13.1 funds held_
_please give a brief description of any of the following type of funds held by the charity:_
_Permanent endownment funds (PE) Expendable endownment funds (EE); and Restricted income funds, including special trusts, of the charity ®_
_Fund Name_
_Type PE, EE or R Purpose and Restrictions_
_R_
## _13.2 Movement of major funds_
**----- Start of picture text -----**
Fund balances Incoming Outgoing Transfers Gains and Fund balances
b/fwd resources resources losses C/fwd
£ £ £ £ £ £
- - - - - -
Total funds
13.3 Transfers between funds
From fund (name) To Fund (name) Reason Amount
£
-
-
**----- End of picture text -----**
_14_
## _**GATEWAY M40 NOTES TO THE ACCOUNTS**_
## _**Note 14 Transactions with Related Parties**_
## _14.1 Remuneration and benefits_
|_Name of trustee_|_Legal authority( eg order,_|_Amounts paid or benefit value_|_Amounts paid or benefit value_|
|---|---|---|---|
|_or connected party_|_governing document)_|||
|||**_2022_**|_2021_|
|||**_£_**|_£_|
|_N/A_||**_-_**|_-_|
|_name of trustee_|_or_|_legal_|_authority_|_Amount owing_|_Amount owing_|
|---|---|---|---|---|---|
|_connected party_||||**_2022_**|_2021_|
|||||**_£_**|_£_|
|_due to trustees and_||||||
|_related parties_|_NONE_||_NONE_|**_NONE_**|_NONE_|
|_due from trustees and_||||||
|_related parties_|_NONE_||_NONE_|**_NONE_**|_NONE_|
## _14.3 Other transaction(s) with trustees or related parties_
|_Name of the trustee_|_Relationship to_|_Description of the_|**_This year_**||_This year_|
|---|---|---|---|---|---|
|_or related party_|_Charity_|_transaction(s)_||**_£_**|_£_|
_15_
statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of aMairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:
- Select suitable accounting principles and then apply them consistently;
- Observe the methods and principles in the applicable Charities SORP;
- Make judgments and estimates that are reasonable and prudent;
- State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
- appropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provision of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees on 26[th] July 2024 and signed on their behalf by:
Rev Christopher Fallone
Chair