GATEWAY M40 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Registered Charity No. 1173971 M40 ChultyNo. 1173971 GATEWAY M40 INDEX AGE NUMBER CONTEN TRUSTEES ANNUAL REPORT io INDEPENDENT EXAMINERS REPORT li STATEMENT OF FINANCIAL ACTIVITIES 12 BALANCE SHEET 13 STATEMENT OF CASH FLOWS 14-21 NOTES TO THE ACCOUNTS GATEWAY M40 Report of the trustees for the year ended 31st December 2024 The trustees present their annual report and financial statements of the charity for the year ended 31st December 2024. The financial statements have been prepared in accordance with the accounting 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) (effective 1 January 2019). Objectives and actlvltles 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 designat5on. 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 offices in Wilsons Park, Monsall, still within the postcode area. Objects The purposes of Gateway M40 as set out in its constitution are: 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. 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 offer free client debt advice to help individuals to become free of debt. The advice offered 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 GATEWAY M40 signposting to other services that might help. We work with partners to deliver a food pantry service serving thousands of clients each year, The trustees confirm that they have referred to the Charity Commission's guidance on 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 achlevements and performance: How our activitles dellvered public benefit North Manchester remains an area of significant deprivation, with high unemployment and health inequalities. Gateway M40's client base reflects this recording that over half are either unemployed or unable to work due to disability: More than two-thirds of clients are women, indicating a gendered economic hardship trend; and almost a quarter of clients are aged 60+, many of whom are on fixed incomes. The data demonstrates strong alignment between Gateway M40's services and local needs, particularly among those most at risk of financial exclusion. Against this background Gateway M40 helped more than fourthousand clients delivering comprehensive debt advice and welfare rights advocacy services, food pantry services and as a partner organisation of both The Flexible Frontline Fund and Acts 435 delivering personal grants and goods directly to clients. Throughout 2024 Gateway has managed almost £1.8 million of debt of which 22Vo was priority debt. Over the year Gateway processed 47 Debt relief Orders and 2 Bankruptcy's; significant use was made of informal arrangements (e.g, write off's) and budgeting support to help with debt management. In the same year Gateway has also delivered over £1.4 millions of increased income to clients. Grant support from Acts 435 and the Frontline fund totalled just under £67,000 and the remainder (over £1.3 million) was delivered through benefit applications, adjustments and appeals. Also significant to our work are the team of volunteers that run ourfood pantry service. This is a partnership service we offerwith"The Bread and Butter Thing" serving on average 65 clients each week. The vast majority of these receive the "family grocery" pack (feeding families of three or more) and the remainder receive the 'individual grocery" pack. This means that each year we give over 3,000 grocery packs perhaps feeding as many as nine thousand or more hungry stomachs! Our work to help deliver Christmas sacks that provide toys for children remains steady at just over 200 families. Again the data shows that Gateway M40 plays a pivotal role in supporting vulnerable individuals, particularly the unempLoyed, those with disabilities, and families facing financial distress. Accessibility of our services remains high as we maintain and develop Gateway's presence across North Manchester. This is done through offering triage services in several different centres including churches, GP surgeries, and other service providers. This means clients who need our services can make first contact in places they know and GATEWAY M40 where we can show them how we can help and what that help entails. That we are proficient at engaging with clients and building trust is evidenced in that 400/0 of new clients come to us because they have heard good things about us from people they know. Clients referred from other agencies account for about 22% and those who have used one or more of our services previously account for another 24%. This reflects strong grassroots trust and inter-agency collaboration but does highlight our as yet limited digital reach. Gateway continued to increase its digital presence in 2024 aiming to address this issue and we anticipate that 2025 statistics will show positive results from this. Other issues that will need to be given attention in 2025 will be to capture and analyse ethnicity and language data to assess cultural inclusivity. We also note that we mlght to ensure we are connecting with younger adults as they are minimally represented in our statistics. The level of clients presenting with increasingly complex cases has in no way diminished. Such case take much longer to resolve and mostly require multiple referrals to other service providers high lighting our need to both maintain and deveLop partnership working and staff training around issues, around gambling, illegal money lending, mental health issues and even suicide and prevention. We are also aware that we might need to consider larger premises moving into the future. The challenges are many and the amazing work of our staff and volunteers is constantly demanding. Nine the less through their faithful endeavour Gateway M40 continues to Serve as a lifeline for individuals and families in financial crisis in North Manchester. The years gone highlights the essential role the organization plays in tackling debt and supporting vulnerable residents through advice, advocacy, and financial empowerment. As economic pressures persist, our commitment to strengthening community resilience remains unwavering. l end this report with a few words from Gateway's clients: Client J "I was overthe moon with what Jo did for mewhen I woke up this morning I thought I can finally live a life now." J was having incorrect deductions from her UC payments and getting no help or support from her case manager. Gateway put a note on herjournal and Jade continued to make teLephone contact. Eventually the mistake was corrected, and her payments were increased. She J was also reimbursed over £4.000. Client MW "l just don't know what to say, you and your team are absolutely amazing, thank you 80 much for all your help and support" GATEWAY M40 MW came to Gateway needing debt advice. They present with acquire brain injury and alcohol dependence. Helped to complete a Debt and Mental Health Evidence Form it was presented to creditors who wrote off debt over ten thousand pounds. Cllent RB "l just wanted to say thank you for your amazing help and support the service is an absolute lifeline for helping people like me get their lives back on track l am forever gratef u L" RB needed a Debt Relief Order and received budget help to stabilise their income and expenditure. They were introduced to the food pantry where they now volunteer. RB was also awarded a Glasspool grant for household items. Cllent KB Jo went above and beyond to assist my niece with debt advice and helping h8r obtain a debt relief order. My niece suffers from severe mental health and finds it difficult to communicate and leave the house, but Jo was extremely patient and understanding of her needs and took the extra time to make her feel comfortable ensuring that she fully understood everything and allowing her the extra time she needed to communicate and gather paperwork. She was very kind and made her feel at ease which made the process more manageable for her to deal with. Thanks for all your help with everything Jo, you're a8tarx Client F I came for benefit help as I was really worried I got help from Paula and beltin Berni lol theywere both amazing and very funnywhich made myworrying better I went home and felt really good about my situation thank YOLJ and to the ladywho brewed up too. Cllent BD For someone like me, who has anxiety disorder and PTSD the personable face to face contact and support was so beneficial and helped alLeviate any worries and concerns. What seemed like a hellish position of never-ending financial debt that would never end and was in turn having a major detrimental effect on my mental heaLth could be resolved. Through the amazing support I can now look to a future. M40Gateway have saved my life, they are an absolute lifeline indeed... Client G Jo was amazing, genuinely kind and compassionate. I cannotthank her enough. Getting help from Gateway M401 can honestly say saved my life. I had overwhelming thoughts of suicide and could see no way out of my money problems. Jowent above and beyond to help both me and my son {who is currently being treated for Lymphoma) He GATEWAY M40 absolutely and genuinely adores Jo. Jo as kept in touch making sure, we are both ok. Thank you all for your help and understanding. If any of my friends are having problems, I wilL tell them about GatewayM40. Flnancial revlew Expenditure in 2024 was £275,256 and income totalled £356,315. This in year surplus was anticipated in our budgets and with monies held over from 2023 means Gateway M40 ends 2024 with £158,000 in our bank accounts as we move into 2025. We thank all our funders for their support, notably in this year The National Lottery Community Fund, The Henry Smith Charity, Tudor Trust and one smaller but useful grant from Manchester City Council. By far our biggest expenditure is salary related costs this year totalling over £153,000. This reflects Gateways intention to spend our financial resources in the way that best serves our clients. Without question it is the work of our staff, 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. This year we also facilitated the giving of over £28.000 directly to our clients in small grants resulting from our partnership with Acts 435 whose generous donors have responded so generously to the needs we post on behalf of our clients. Afurther£37,OOOwas passedto clients through ourpartnershipwith Glasspool IFlexibLe Frontline Funds). This is a new partnership for us and is meeting a real need. Over £24,000 was paid in rent 8nd utilities a figure that reflects the increases imposed by the ongoing effects of inflation and cost of living increases. In this year the trustees needed professional advice before they could make informed decisions regarding an employment concern. This resulted in our only other large expenditure of fifteen thousand pounds. The remaining expenditure a little under 26¥0 of total expenditure represent the sundry expense need to run the office 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 golng concern The balance held in unrestricted reserves at 31 st December 2024 was £92,860 of which £90.428 are free reserves after allowing for funds tied up in fixed assets. The Charity's main source of income is grants. The Trustees considerthat 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 GATEWAY M40 a level which equates to approximately three months of unrestricted charitable expenditure. The trustees consider that this level will provide sufficient 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 We begin 2025 with a determined and hopefulvision thatthe workwe do will continue to serve the people of North Manchester; changing the lives of individuals and families as we help to release them from debt and maximise incomes. We end 2024 confident that we will meet our budget needs for 2025. We have a further two years of funding from the National Lottery Community fund which will provide 1 OOK in 2025 and we have a secured 30k from Henry Smith who we hope to approach for continuation funding. This along wlth reserves and the possibility of other applications secures 2025 and Leads us confidently into 2026, However as the demand for our services continues to grow it is likely we WILI need to consider some form of expansion including increased staff numbers and larger premises; this will undoubtedly require increased funding. However based on our experience of fundraising we are confident we can achieve what needs to be done. Another pressing need is to grow and diversify the membership of our board of trustees. Structure, governance and management Gateway M40 is a Charitable Incorporated Organisation governed by its constitution dated July 2017 8mended November 2022 and registration as a Charitable Incorporated Organisation number 1173971 with the Charity Commission on 27th July 2017. Appolntment 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 office 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. GATEWAY M40 Trustee Induction and training Trustees are given information about their role and responsibiLities on first being appointed. They are also given a copy of the constitution, information about staffing and the charity management, and are shown copies of policy documents. Reference and admlnlstrative informatlon Charitable InGorporated Organisation Name: Gateway M40 Number: 1173971. Date Registered: 27th July 2017 Trustees Rev Christopher Fallone Qutubuddin Chasma Edward Roberts Simon Fox Chair Operational Manager Wendy Steele Principal Offlce The Newton Suite Wilsons Park Building 2H MonsalL Road Manchester M40 8WN Independent Examiners Community Accountancy Service Limited The Grange Pilgrim Drive Beswick Manchester M113TQ GATEWAY M40 Bankers CAF Bank 25 Kings Hill Avenue Kings Hill, West Malling Kent ME19 4JQ Trustees, responsibilities In relation to the flnanclal statements The charity trustees are responsible for preparing a trustees, annual report and financial 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 8ffairs of the charity and of the incoming resources and application of resources, of th8 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; Prepare the financial statements on a goingconcern basis unless it is appropriate to presume thatthe charitywill 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 22nd October 2025 and signed on their behalf by: Rev Christopher Fallone Chair 10 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF GATEWAY M40 REGISTERED CHARITY NO. 1173971 I report on the accounts of the charity. for the year ended 31, December 2024 which are set out onpages 11 to21. Respective Responsibilities of Trustees and Examiner The charity's trustees are responsible for the preparation of the accounts. The charity trustees consider that an audit is not requii'ed for this year under section 144(2) of the Charities Act 2011 (the 201 l Act) and that an independent examination is needed. The chai'ity is preparing accrued accounts and l am qualified to undertake thc cxaminalion by being a qualified member of the Association of Chartercd Certified Accountants. It is my responsibility to: Examine the accounts under section 145 of the 201 l Act. follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and To state whether particular matters have come to my attention. Basis of Independent Examiners Report My examination was carried out in accordance with the General Directions given by the Charity Coinmission. An examination includes a i'eview of the accounting records kept by the charity and a comparison of the accounts presented with tliose records. It also includes consideralion of any unusual items or disclosures in thc accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undei'taken do not provide all the evidence that would be required in an audil, and consequently no opinion is given as to whether the accounts present a "true and fair VAew" and the report is limited to those matters set out below. Independent Examiner's Statement In connection with my examination, no matter has come to my attention: ( l ) which gives me reasonable cause to believe that in any material respect the i'equirements: to keep accounting records have in accordance with section 130 of the 201 l Act; and to pi'epare accounts which accord with the accounting recoi'ds and to comply with the accounting requiiEments of the 201 l Act, havc not been met. or (2) to which, in my opinion, attention should be drawn in order to enable a proper uiiderstanding of the accounts to be leached. Signed: AM King FCCA Date: 22. Octobei 2025 Community Accountancy Service Ltd The Grange, Pilgrim Drive, Beswick, Manchestei., Ml13TQ GATÉWAYM40 11 STATEMENT OF FINANCIAL INCL IVITIES FOR THÉ YEAR ENOED 31 DEC D ÉXPENDITURE cc Tot•1 Funds Total Funds Year Ende 31 Year Endod 31 December Unr¢strl¢ted Re•trtci•d F￿￿8 Funds O•comb•r 2024 2023 Furt￿r00{all8 In¢om• Irom: Donabona and leg8cIs8 Charitable A¢￿￿118$ Other Trodlna AC￿￿t*S Olhtrr Int¢kne Bank Inleiesi Total (31 {41 {51 89 184.597 6,510 160.000 344.597 8,510 104,47S 140 1,38$ 106,C¥)O 3.119 196.315 3.119 356,315 160.0 Expendtturo on: chfirita￿• Actiwb•B Oth¢r Ti)tsl 161 16) 114,534 722 115,256 160.oc 274.53tl 722 275.256 197,9YO 160.C 197,990 N•t In¢om•l{•xpgndllyro1 81,059 81,059 191,9901 Tmn$fern b•twe8n lunds {171 Net mov•m•nt In lund• 81.059 81,059 191,9901 Rg¢onclllatlon ollund Told funds brought forward TotAI fund• ¢arrl•d fon¥•rd {171 {171 61.801 142.860 61.801 142,860 153,791 61,801 Th• ital•m•nt ¢tflTr•ncl•l 8¢tlviUes Indudes Bll galn$ and IvMe$ th th8 yaaf. All IrKomhw ￿￿Urc•S rewurces exponded dtsriw Imm eoAlrnulng AC11￿￿tt. The no*son pago1 14 to 21 lrym part￿ Ih•ww*wnts. GAYEWAYM40 12 BALANCE ET AS AT 31 DEC 24 2024 2023 Nole* Flxed a86o15: Tanglble assets Tot81 fi)Led a888ts 2.432 2.432 4,804 Curr•nt stotks Oebtor8 Cash al Bank & In Hand Totsl ¢L¢rrénl atssals {12) 1131 3.335 158,403 161,738 489 78.020 78,509 L(8bllhleb: Creditors.. Amoun1$ 14l1ing due within yew (141 21.310 21,572 N&t curr•nt asséts or Il•blltl¢$ 140.428 66.937 Total a￿8181889 currMI IWIIY88 142.860 01.801 CMdlt¢rg.' Amounts fallln9 due 8lkr rnoro than cth• Provlulon$for Ilabllillei {101 Totsl n•t a•••t• or IlabllSti 142,860 61,801 Thg lunds Dlth• ¢h•ilty: Resirlcted Incorne funds 1171 Unre5trfcted Inmme lunds 142,880 61,801 Totalth•il¢y 142.86 61.8C11 Approved on behHW of Iho TNal88s Manau•m•nl Cornm Rav Chri8tophw F¥ Ch•fjr ooie: 22nd Octobef 2025 The no*•on papi 14 10 21 fcffli part oftt*ie •c¢owl8. fjATEWAY MIO 13 statlmont olCa•h Flow* 1orth*y•*r endad 31 Oec8mbBr2024 Reconclllatlon of nei movement In lundsto netush flow tr0mopei￿IDll xtjvkles Y•*r Ertded 31 Y•ar Ended 31 December De¢¢mb8T2024 2023 Net movement In fvnds Add back depretlation Error In 2022 I￿e￿ assets totals Deduct Investment Income Oecreaselllncre•sÈl In sto£ks DKreaselllncreasel in debtors In¢￿Se/(deCrease) In£iedltors 81,059 2.432 191.9901 2.503 1,310 11.3851 13.1191 12.8461 12621 1489} 19,977 Net ¢ash u$ed In operailnB artlvliles 77,264 (70.074 C••h flow• from Inw¥tm•nt Intem$l Purchase ol1Sx•d aJ8•11 3.119 1,385 N•1 Gi•h provld•d by •ctlvAI 3,119 1,385 In¢r•iul(d•¢r•awl in ￿£h and ca•h •gufv8l¢nts during Ih• yw 80,383 188.889) Ca6h and e#$h •q￿al￿rA$ brought f¢rw* 78.020 148,159 C¥•h ond ¢*•h •4ulv•l?nlo C•Frt•d loywa 168,403 78.020 GATEWAYM40 14 Not¢$ to the accounts forthp y•ar •nd•d 3181 D8c•rnb•r 2024 l. Atcountlng polkles lal Ba$15 Ot prepaiaiion a•d asstssrnentof Koln8 cancem The accounts Iflnancial staternentsl have been prepored under ihe hlstorkal Cost conventlon whh lierns tetogn15ed at Cost or transactlon value unle5S Otherwtse stated in thÈ relevant notesto these accpunts. The fiThènclal statements have been prepared In accordante wSth the Statement ol Recommended P¥3ctice- Accouthtlng and Reportlng ty Ch•rltles prepaflnB ihelr atcounts In accordancE Wlth the Flnancial Per￿1n& Standard applicable In the UK and Repub￿cof Ireland IFRS 1021 and the Flnanclal Rew)rtln8 Standard applicable in the Unrted Kln8doin and Republlc ot Ireland IFAS 1021 and the Ch•ritiesA(t 1011. The charlty constllutes a publlc benefit entliyas delined by FRS 102. The trustees consléer that there are no materlal Uncerta￿tIeS abovl IhÈ ¢hatity's ablhty io COntlTrue a5 a Boineconcern. Ibl Funds 8trudur• R*strlcted funds are fundswhlch are to te used In *ttordan(ewith spetific restrl¢tlons *rwsed by the dor¥)roi trust deed. There are 2 restrkted funds. UnrestrlcrÈd In£ome funds comprlse those lunds whlthihe irusiees arefret to use tor any PL5rpose In furth*r•Dce ol the charitsble objects. Unrestricted lunds Include deslottated lundswhere the tnJ$tees. at ihew dlscfetlon, have created a fund fDr a specfflt purpose. Further deialls of each fund èro d15closed In note 17. ¢1 Income Yeco8nltSon All Incorne Is ¥eco8nlsed onc¢ the charfty has entiilement to the Ir*ome. 11 Is probablelhattht Income wlll be recelved and the amouniof Income T￿e￿¥ble can be measured r*llJblv. Donatlons are recognised when ihe charlty h•s beefi notSfled In wiltlng ol both the amountand 5Ettlemefit date. In the ev*nt that a éonatlor15 syblea to condltlon5 thai requEre a kvel ol performance before the tharity Is entltled io the fuods, the Incerne15 deferred and not reco8nlsed until elther those conditkbn5 are lulty met. or the fulfllment ol ihose condlth)ns Is wholly withln the cont¥ol gf the charlty and It Is probablethat those condttlons wlll ￿ lulfill•d In ihe rtportl*8 perlod. Interest on funds held on deposlt i% lThcluded whefi re¢efvaF4eand ihe arntyjnt Can be measured relabty by thetharlty. th15 Is normally upon notilleatlon of the ￿nte￿$t pakl or payable ty ihe bank. Dfvldends are recognlsed ofict th• dlvldend has been declared and noiincatlon has been recewof the dfvldtnd du•. Idl Expendlture Aeco8nltlon Llabllltles are fe•c•mb•r Y￿￿ Ended 31 2023 2023 Dec•mbw 2023 Donath'ons GATEWAYfrMO 16 Notes to the accountsfortheyeaiended 31st De(embEr 2024 4. Income fiom cbarbtsb￿ wct1v1￿ UnroslriGt•d RostrrGtsd Tolal F￿d8 Total Funil• Y•ar Ena&fj Year End•d 31 Y•ar Endad 31 Decwnber 31 D8C•M￿l Ytar Énded 31 Decernbor 2024 December 2024 2023 2024 Unr8Strtc16d grants.. Tudor Yrtrst Cornmtsnily Otgonis8tknn Glo$ipod Charfty Acls 435 Oui Manchester Fo&1 P8rtnershlp ManGhe$ter Glty Council M4nehestsr Clty Councl Roslrfcled gran1¥". Henry Smith Nallonal Lott•ry Fwd 33,¢X 69.258 37,5 28,580 33.000 89.2S8 37,500 2B,$80 500 30.000 25.530 8.500 10.WO 15,759 15.759 60,000 100,000 160.oc 20.50D 9.945 104,435 1¢10,000 344,597 184.597 Prevlous reportln8 peflod Unr••trl¢t•d To141 Funds Y••r End￿ 31 Year End•d D•G•mb•r 31 DK•mb•r Ye•r Ended 31 2023 2023 Doc•mbtrr 2023 Unie51rfGted ur4nts'. Tudor Truot A¢li 435 M8nchesl•r CKY Councll Manche8l•r City Coundl ReJtrKt•d granis.. Henry Smllh Natlona¢ Lott•ry Fund 30.000 25.530 8.500 10.r*)o 25.5XI io.oco 20,6 9.915 3Q445 9.945 104.475 14￿30 fjATEWAY M40 17 Notes w ihe accounts lor the yt•r Ènded 31st December 2024 6. InGom• Irom olhortrading aclivitl•8 LlnreJtslctod Totsl Funds Totsl Funds Year End•d Ye•r Endqd 31 Yoar Endgd 31 Do¢emb 31 Dqcomb•r Y••r Ended JI Oecemb8r 2024 2024 ¢emb8r2024 2023 Fee Incom• 8.510 8,510 8.510 .510 Prevlou5 repDrtlni perlod Unro5trSct•d R••trl¢tod Total F￿d• Yelr End•d 31 Yo•r Endod 0oc•mbor 31Ikn¢6m￿l Y•ar End•d 31 202J D•cember2023 2023 Fundra¢slThJ Events 6. ExpendI￿re Ymr Ended 31 Year Ended 31 D•¢•mb•r Decemb•r 2024 2023 R•fi•f of Pov•rty 0*16 Expqndllur• ox ¢har*•bh •ctlvtth•: EM￿aYM40t Costs Tolophon• Travel C081• Tr8ining Volunleer Expen$ai T Co6t6 Renl ClSenl Costi Subscrlpllons and M¢rnb•rnNp Sub6Lgtsnc• Foodvoucher Scheme C%)nlèrence Cogts T•ckllno Ina¢ll￿ty In1Ual￿o Expendltur• Rvpairl & Malntenance Bank GhAiges DRO Payrnents Rates & Wotsr Legal Fo•S Mlnor Equlpment Insurance Govarnan¢o Pos( Prlnling & sta￿¢nOry Depreclatlon 153,320 3.519 153.320 3,519 120,201 3.137 212 500 663 3,131 20.627 21,271 12 897 2.608 4,162 24.501 86.887 2,898 1,279 2.606 4,162 24,501 66.887 1,279 907 1.644 1.361 60 80 2.140 165 15.413 399 S.962 477 868 1.620 2.127 2.432 274,534 5.902 477 858 1.620 2.127 2.432 274.534 351 1.620 2,393 2,503 197,990 IXh¢r oxp•ndllure: Sundry 722 722 275.256 722 722 275.256 197,99U GATEWAY MÈK) Note5 to the Kcouthisfoi the year ended 3151 Decernber 2024 & Expertdllure Y•ar End•d Y•v ErMl•d 31 31 Dg¢wnb•r2024 Docornb•r 2023 flest¥lcted expenditvre Vnfe5t*lcted expendifufe 160,000 115.258 275,256 30.445 167,545 197.990 7. Analysls of expettdlture OD chrltable actlv*le5 As per note 6. 8. Allocatlon of ¢ov•in•nc• athd support ¢osts The breakdown of s¥pport Costs and howihese were allocated between 8t)vemancÈandoiher sUp￿rt tosts lsshown below,, G•n•r•l Support 860 G0vomin￿ Total 2024 BMI• ofapportlonm•nt 680 type of expen9• 960 typo ol gxp8Th6• 1.620 Payr(11 F￿* Aceountancy Fees Pievlouo roportlng per¥Jd Ggnornl Support 860 Govvnon¢g Toi•l 2023 •1• of •pportlonm•nt 860 typè c4 eyp¢ns• 980 typo ofexwn 1,820 C0DJulta￿Y Accounts￿¥ F• 9, Anilyjb of stall coAs Yoar Ena•J 31 Y••r End•d 31 Oèc•mb•r D•c•mbor2024 2023 Wag0$ gnd Salart8• R•dundancy Hdlday Pay A¢¢ruBI Sock81 Security Cosls PeMknN Costs 143,894 111,430 4.443 4,993 153.320 2,467 6,304 120,201 153.320 12Q,ZUI Suppori Costs 153,320 120,201 Yha overage numb•f ￿ emWoy•e$ durfng the yearwa¥ 712023.. 71. Th¥ ¢harlty ConS￿erS ft¥ *ey mao8g&ment pownnol ccmprises Ihe lrnÈt•el 8￿j Ihe operab"c￿l ffl￿ager. The ernployment beneflts. Includlng empltsyÈr pÈnslon contrlbutlons of the key maTw8ement personnelwere £30,53012023.. £17,(￿6). No ernploy•# h8s benefit¥ In exce¥¥ of £00,000. 10. Indopond•n¢ Examlner Fq•4 Y•ar *na• J1 Y•8r End•d J1 Decembor Dec•mb•r 2024 2023 Independent ¢xamthalkn lees 9fj0 960 960 960 TEWAY M40 19 Not•s to tho •¢cowth forthe year ended 31st Dee•rnber 2024 11. Tanglblo Flxed A180ts Equlprnffit Tolal Cost At l Jantsary 2024 Addltlons At 31 Owmnber 2024 12.515 12,515 12.515 12,515 Oepreclotlo At l January 2024 Charge lor Year At 31 December 2024 7,651 2.432 10,(*3 7,6SI 2,432 10.083 NET 800K VALUE At 31 DÈcember 2024 At 31 Decembef 2023 2,432 4.864 2,432 4,864 IZ. Stocks The charfty does not hold stocks of any Item> 13. Anplysls ol debtors 2014 2023 Debtors Prepaymenis 3,33S 3.335 Debtors relaieil io unrestrkttd lunds. 14. Cr•dltOfS', •movnt$f•llln8 due wlthln OnB ytar 2024 ZOZ3 Oth•r er8dllor• •nd Deferred Incom• Hollday pay oecfual T•xatton and ￿11 ••cvrlty cos 1,310 20.IYXI 1.092 20.000 480 21.310 21.572 16. Def•rred Income oofvired Incom• ¢omprlM$ giants ra￿l¥vd In athance. 8il•n¢¢ gs at 1 Jonuary 2024 Amount (eleaseé io Ine¢)me eamed frorn ehiitt•t48 Amount delerred in y￿r BalHnce st 31 December 2024 20,￿0 (20,WOI 20.ODO 20.000 16. Crndlt¢rs: amounts falllng du• aft¢r mot• th•n one y￿r 21>24 Z023 Pl￿￿lOn$10r Il•bnil GATEWAY M40 20 Notes tothe aGcounts forth&y•*r •rtded 318l December 202 17. An8ty815 oltharlt¥We fund8 An•lysl8 of movom•nt• In unroslrl¢t•d fvn Bal•fic& at 31 De¢6mb¢r 2024 B*l•nee 4t1 January 2024 Incomlr R•50urr R•aoLkfc86 Expondqd Tr•n8fgr8 Genwal Fund Designated Funds 11.801 50,000 61,801 196.315 1115.2561 92,860 50,000 142,8SO 196,315 115.2581 Pr•vlouB rèportlng perlod 8•l•nco 4131 D•comb8r 2023 In¢omlhg J¥nu•ry 2023 Rmoute Rosourc•s Exp•nd•d Trnfi8f•r¥ General Fund Dvsfr4n4t8d Funds 153,931 75.415 (187.5451 (50,000> 50.000 11,801 50.QCQ 61.801 153.931 75.415 167,645 Nam• ol unrn•trlct•d fvrtd.. General Fund Oèsign8tsd Fu DeKrfptlon. n•t¥r• and purpo•• of th• I￿￿ The"Iroo rosefyes" aft•r allownu lor 41 d¢•lgngled Forlubjwè rndur*Y•pKy •n¢J CA>•I¥ An¥fyBl8 of mov•m•nt• In rMtrl¢t•d fund• 8•￿nG0 It 31 D•c•mber 2024 B•l•nc• at 1 In¢omlno J•nuary 2024 R••0¥￿ Ro•our¢• Exp•ndqd H•nry Smllh NaI0no1 Lottery Fund 60.ooo 100.OCty) 160.C%)O (60,0001 1￿,000 16e,000 Piovlou• r•porUng ￿Ttod 8•lan¢¢ at 31 Decembor Bal•n¢o at I Incornlng Januiry 20Z3 R••oure R••oyre•• Exp•nd•d Tr•fi•f•r• 2023 Hanry Sm Ngllonal Lottery Fund 20.SQO 9,945 30.445 120.s(41I 19.945 30.445 GATEWAY M40 21 Notes to Iheac¢ounts lryiheyeaT endBd 31st Dec¢mber 2024 17. Analy818 ol¢hawllablo fvnd• Namo ot r•3trkt•d lund: Henry Smith Natlon31 Lottery Fund 0•8erfptloD. nature and purpose of thè fund lor day to day ¢JP8ndstur8 of nJnning tho ¢harSty lordytD dayexpendfjknrn d runnkno the eth&rfty 18, An•ty818 of not 18•et• b*ts¥gen lunds ilnro•tilct8d D•slynat•d fund funds R•8trfctod funds Totsl 2024 Tsnglbl& fixed a88at8 C4$h •l b4nk Hnd in hand Olher net ¢urf&n¢ assolsllliBbl￿0iI Cieditor$ d mua than one yeir Tot•1 2.432 108.403 {17.9751 2.432 158,403 117,9751 92,880 50.000 142,860 Pr•vlou• reporung p•rfod Unr08ts1ct•d D••W•t•d fund• R•8trl¢l•d Ivttd• Total 2023 T•n9lbl¢ r￿Id as8etJ CaDh 01 bonk 8nd In hand Olhor nal currenl al￿1$1(11•bN1tse1j C¢edltor• ol mora ihan one Totsl 4,864 78.020 121.0831 4.884 78,020 121.0031 11,P4)1 50.000 61.801 19. FlnanelAI In•trum•nt• The th4rlly ¢nly h•• fin8nclal assell and liablili¢6 ol a kind Ihat quollty as basicfin8n¢￿l instrum¢nts. B85lCf￿ncI Initrtsmontu are ifiiti8lly recogn￿ad on a tranlactkn s￿b$*4uen￿Y measurod at thvlr Jeii•menl valua with tho 8xcepllon of bofik10on8 which 8re 8ubs•qwJnOy M￿sUred •t an 8mty¥wd cosi the •ffoctiw Int8￿t method.