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2025-12-31-accounts

Registered Charity Number 1173971

GATEWAY M40

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Gateway M40
Contents
Page
Trustees Annual Report 1 - 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12
Statement of Cash Flows 13
Notes to the Financial Statements 14 - 24

Gateway M40

Report of the trustees for the year ended 31st December 2025

year ended 31st December 2025.

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) (e�ective 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 o�ices 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 o�er free client debt advice to help individuals to become free of debt. The advice o�ered 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 serving thousands of clients each year.

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GATEWAY M40

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

During Year 2, the communities we serve in North Manchester - including Harpurhey, Moston, Miles Platting, Newton Heath and surrounding wards - continued to experience significant socio-economic pressures. While the immediate shock of the cost-of-living crisis has stabilized in terms of the national headlines, among our clients its long-term impact has deepened financial vulnerability. This is particularly seen in

crisis-led need. Clients are now more likely to present multiple, interlinked issues requiring intensive, longer-term support rather than single-issue interventions.

Against this background Gateway M40 continued to deliver a fully integrated, face-toface advice service embedded within local communities. This included:

Our service model prioritizes accessibility, trust, and continuity - ensuring that residents facing the greatest disadvantage can engage with services in familiar and supportive environments.

Across the breadth of the services we deliver, Gateway M40 has supported over 3,500 individuals and households through direct advice interventions, alongside ongoing crisis support reaching approximately 45 families per week. Demand for Gateway M40 services remains consistently high.

Throughout 2025 Gateway has managed almost £2.6 million of debt of which 27% was priority debt. Over the year Gateway processed 81 Debt relief Orders, 2 Bankruptcy’s, 9 Debt Management Plans and a small number of informal arrangements (e.g. write o�’s, full and final o�ers etc.). Budgeting support is given to all clients who seek Gateway for

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GATEWAY M40

same year Gateway has also delivered over £1.8 millions of increased income to clients. Some £86,000 is derived through benefit applications and corrections with the remainder coming from direct to client grants we have accessed through Acts 435 and the Frontline fund. Toward the end of the year due to circumstances beyond our control we ended (amicably) our partnership with “The Bread and Butter Thing” but ensured that all our food pantry clients could still access the grocery pack services. Our work to help deliver Christmas sacks that provide toys for children remains steady at just over 200 families. The annual report of services in 2025 demonstrates the ongoing importance and impact of Gateway M40’s work in North Manchester. Despite a deeply challenging operating environment Gateway M40 remains committed to delivering high-quality, personcentered support that creates lasting change across our region.

delivery, outcomes, and sustainability. These risks reflect both the external environment in North Manchester and the operational realities of delivering intensive, communitybased support.

1. Increasing Complexity of Client Need

Clients are increasingly presenting with multiple, overlapping issues including unmanageable debt, housing instability, disability, poor mental health, and safeguarding concerns. This has already led to longer case durations and more resource-intensive interventions. Mitigation : Continued prioritization of triage, case prioritization based on risk, and maintaining a focus on quality and sustainability of outcomes over volume.

2.

Disruption to global oil and gas supply chains driven by ongoing geopolitical instability has led to volatility in wholesale energy markets and upward pressure on fuel prices. This is expected to have a disproportionate impact on the communities Gateway M40 serves. Residents in North Manchester are already experiencing financial vulnerability and further increases in fuel and energy costs are likely to increase household expenditure, drive reliance on credit, increase demand for crisis support, and exacerbate fuel poverty. Mitigation: Gateway M40 will prioritise income maximisation, energy advice, and early intervention, alongside strengthening partnership responses. We have entered into stakeholder partnerships with charitable organisations to provide fuel vouchers for those clients facing fuel poverty.

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GATEWAY M40

3. Housing Instability and Homelessness Risk

accommodation. Mitigation : Strengthening partnerships with housing providers and local authorities.

4. Capacity and Workforce Pressures

The intensity of the work creates risk of sta� stress and burnout. Mitigation : Investment in wellbeing, supervision and training.

5. Demand Exceeding Available Resource

Demand continues to grow beyond available capacity. Mitigation : Strengthened triage and partnership working.

6. Dependency on External Systems

Outcomes often rely on DWP and other agencies who do not share the same client relationship and often misunderstand the need for prompt answer and resolution thus frustrating the help we might otherwise o�er clients. Mitigation : Strong advocacy and communication.

7. Funding and Sustainability Risk

As always, the uncertain funding landscape presents risk to charities such as ours who totally grant dependent. Mitigation : Diversification of funding applications and strong impact reporting.

Summary

We believe Gateway M40 remains well positioned to respond to these risks with a strong, adaptable service model.

Finally, the trustees wish to express their deep appreciation for the dedication of our sta� and volunteers. Through their unwavering commitment, Gateway M40 continues to serve as a vital lifeline for individuals and families facing severe hardship in North Manchester. Throughout the year, they support vulnerable clients navigating highly complex and often critical circumstances. This work is profoundly rewarding when it leads to positive, lifechanging outcomes, but it requires deep empathy and the emotional resilience to manage the demanding and often challenging nature of this vital support. They are an amazing team.

Gateway M40 – Complex Needs Case Study

A 55-year-old woman was referred to Gateway M40 following a prolonged period of physical illness, psychological trauma and financial hardship. The client had been diagnosed with Stage 4

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GATEWAY M40

bladder cancer and had undergone extensive treatment resulting in a permanent urostomy. In addition to her physical health conditions, she lived with Complex Post-Traumatic Stress Disorder (C-PTSD), which significantly a�ected her ability to engage with services, retain information and advocate for herself.

Presenting Issues

significant mental health di�iculties and was at risk of homelessness after receiving notice to leave her lodgings when the property was placed on the market.

Gateway M40 Intervention

Gateway M40 adopted a holistic, trauma-informed approach. Advisers supported the client through a Mandatory Reconsideration and subsequently a First-tier Tribunal appeal following the refusal of her PIP review. A Universal Credit claim was established, including housing costs. The client was signposted to psychological support services and received ongoing advocacy throughout the process.

Housing Advocacy

Gateway M40 liaised extensively with Rochdale Housing, Rochdale Housing Solutions, Rochdale Homelessness Team and Shelter. Multiple challenges and complaints were submitted to ensure the client's housing needs and medical circumstances were properly recognised. A first-floor property o�er was successfully challenged as unsuitable due to mobility limitations and longterm health needs.

Outcomes Achieved

Before the Tribunal hearing, the DWP conceded the appeal. The client was awarded Enhanced Rate Daily Living and Enhanced Rate Mobility PIP, backdated to the date of claim. Universal Credit and Local Housing Allowance were secured. Following sustained housing advocacy, the client accepted an o�er of a suitable social housing bungalow.

Impact and Social Value

Over an 18-month period, Gateway M40 invested approximately 125 hours of specialist adviser time. The total financial gain secured for the client over a three-year period was £63,137. Beyond the financial outcome, the intervention prevented homelessness, improved wellbeing, restored access to essential support and enabled the client to live independently and with dignity.

Conclusion

This case demonstrates the complexity of supporting vulnerable clients with multiple and interconnected needs. It highlights the importance of specialist independent charities in helping individuals overcome barriers, challenge incorrect decisions and secure the financial and housing support to which they are entitled.

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GATEWAY M40

Financial review

anticipated in our budgets and with monies held over from 2024 means Gateway M40 ends 2025 with £137,000 in our bank accounts as we move into 2026. We thank all our funders for their support, notably in this year The National Lottery Community Fund, The Henry Smith Charity, and one smaller but useful grant from Manchester City Council.

By far our biggest expenditure is employment costs this year totalling almost £160,000. 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 sta�, 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 £30,000 directly to our clients in small grants resulting from our partnership with Acts 435 whose generous donors have responded so enthusiastically to the needs we post on behalf of our clients. A further £65,000 was passed to clients through our partnership with Glasspool (Flexible Frontline Funds). Over £31,000 was paid in rent and utilities a figure that reflects the move to a larger suite of o�ices in the same building and business park. There was some investment in new IT and the service provision we need around it. This is largely due to our need for more laptops, user licenses and increased security.

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 balance held in unrestricted reserves at 31st December 2025 was £87,736 of which £87,386 are free reserves after allowing for funds tied up in fixed assets.

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 su�icient 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.

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GATEWAY M40

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 hopeful vision that the work we 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 100K in 2025 and we have a secured 30k from Henry Smith who we hope to approach for continuation funding. This along with 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 will need to consider some form of expansion including increased sta� 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 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 o�ice 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 sta�ing and the charity management, and are shown copies of policy documents.

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GATEWAY M40

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 O�ice

The Newton Suite Wilsons Park Building 2H Monsall Road Manchester M40 8WN

Independent Examiners

Hollinwood Business Centre

Albert Street Oldham OL8 3QL

Bankers

CAF Bank 25 Kings Hill Avenue Kings Hill, West Malling Kent ME19 4JQ

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GATEWAY M40

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 a�airs 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:

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 8[th] April 2026 and signed on their behalf by:

Rev Christopher Fallone Chair

Page 9

Gateway M40 Independent Examiner's Report For The Year Ended 31 December 2025

I report on the accounts of the company for the year ended 31 December 2025, which are set out on pages 11 to 24.

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 required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity is preparing accrued accounts and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.

It is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison ofthe accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

JM Hilton-Jones 8th April 2026 Hilton Jones Ltd Hollinwood Business Centre Albert Street Oldham OL8 3QL

Page 10

Gateway M40 Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 December 2025

----- Start of picture text -----
Unrestricted Restricted
Funds Funds 2025 2024
Notes £ £ £ £
INCOME FROM
Donations and legacies 3 247 - 247 89
Charitable activities 4 154,299 151,410 305,709 344,597
Income from trading activities 6 - - - 8,510
Bank interest 2,891 - 2,891 3,119
TOTAL INCOME 157,437 151,410 308,847 356,315
EXPENDITURE ON
Charitable activities 7 162,511 151,410 313,921 274,534
Other 50 - 50 722
7
TOTAL EXPENDITURE 162,561 151,410 313,971 275,256
-
NET INCOME/(EXPENDITURE) (5,124) (5,124) 81,059
NET MOVEMENT IN FUNDS (5,124) - (5,124) 81,059
RECONCILIATION OF FUNDS
-
Total funds brought forward 15 142,860 142,860 61,801
TOTAL FUNDS CARRIED FORWARD 15 137,736 - 137,736 142,860
----- End of picture text -----

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 14 to 24 form part of these accounts.

Page 11

Gateway M40 Balance Sheet As At 31 December 2025

----- Start of picture text -----
Unrestricted Restricted
Funds Funds 2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible assets 11 350 - 350 2,432
350 - 350 2,432
CURRENT ASSETS
Debtors 12 1,636 - 1,636 3,335
Cash at bank and in hand 137,321 - 137,321 158,403
-
138,957 138,957 161,738
Creditors: Amounts falling due within 13 -
1,571 1,571 21,310
one year
-
NET CURRENT ASSETS/(LIABILITIES) 137,386 137,386 140,428
TOTAL ASSETS LESS CURRENT LIABILITIES 137,736 - 137,736 142,860
-
NET ASSETS/(LIABILITIES) 137,736 137,736 142,860
THE FUNDS OF THE CHARITY
Unrestricted income funds 15 137,736 - 137,736 142,860
TOTAL CHARITY FUNDS 137,736 - 137,736 142,860
----- End of picture text -----

Approved by the trustees on 8th April 2026

Rev Christopher Fallone - Chair

The notes on pages 14 to 24 form part of these accounts.

Page 12

Gateway M40 Statement of Cash Flows For The Year Ended 31 December 2025

RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net movement in funds
Add back depreciation
Deduct investment income
Decrease/(increase) in debtors
Increase/(decrease) in creditors
NET CASH USED IN OPERATING ACTIVITIES
CASH FLOWS FROM INVESTMENT ACTIVITIES:
Interest
Purchase of fixed assets
NET CASH PROVIDED BY INVESTING ACTIVITIES
CASH AND CASH EQUIVALENTS BROUGHT FORWARD
CASH AND CASH EQUIVALENTS CARRIED FORWARD
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS DURING THE
YEAR		 2025
2024
£
£
(5,124)
81,059
2,607
2,432
(2,891)
(3,119)
1,699
(2,846)
(19,739)
(262)
(23,448)
77,264
2,891
3,119
(525)
-
2,366
3,119
(21,082)
80,383
158,403
78,020
137,321
158,403

Page 13

Gateway M40 Notes to the Financial Statements For The Year Ended 31 December 2025

1 Accounting Policies

1.1 Basis of preparation and assessment of going concern

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), effective 1st January 2019, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

1.2 Funds structure

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed. There are 0 restricted funds.

Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have created a fund for a specific purpose.

Further details of each fund are disclosed in note 15.

1.3 Income recognition

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

1.4 Expenditure Recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. For more i f ti thi tt ib ti f t t 1 6

1.5 Irrecoverable VAT

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

Page 14

Gateway M40 Notes to the Financial Statements For The Year Ended 31 December 2025

1.6 Allocation of support and governance costs

Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to independent examination and legal fees together with an apportionment of overhead and support costs.

Governance costs and support costs relating to charitable activities have been apportioned based on type of expense. The allocation of support and governance costs is analysed in note 8.

1.8 Charitable Activities

Costs of charitable activities include governance costs and an apportionment of support costs as shown in note 7.

1.9 Tangible fixed assets and depreciation

All assets costing more than £500 are capitalised and valued at historical cost. Depreciation is charged on the following basis:

Equipment 33.33% on cost

1.11 Pensions

The charity operates an auto ‑ enrolment pension scheme. The charity has no liability beyond paying its contributions and collecting employees’ contributions.

1.12 Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.13 Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

2 Related party transactions and trustees' expenses and remuneration

The trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind (2024: £nil). Expenses paid to the trustees in the year totalled £nil (2024: £nil).

Page 15

Gateway M40 Notes to the Financial Statements For The Year Ended 31 December 2025

3 Donations and Legacies

Donations
Previous reporting period
Donations
Income from charitable activities
Henry Smith
National Lottery Fund
Trafford General
Independent Age
Glasspool Charity
Acts 435
Our Manchester Food Partnership
Manchester City Council
Manchester City Council
Previous reporting period
Henry Smith
National Lottery Fund
Trafford General
Independent Age
Glasspool Charity
Acts 435
Our Manchester Food Partnership
Manchester City Council		 Unrestricted
2025
£
247
247
Unrestricted
2025
£
-
-
14,040
23,145
65,500
30,455
-
21,159
-
154,299		 Restricted
Total Funds Total Funds
2025
2025
2024
£
£
£
-
247
89
-
247
89
Unrestricted
Restricted
Total Funds
2024
2024
2024
£
£
£
89
-
89
89
-
89
Restricted
Total Funds Total Funds
2025
2025
2024
£
£
£
51,410
51,410
60,000
100,000
100,000
100,000
-
14,040
33,000
-
23,145
69,258
-
65,500
37,500
-
30,455
28,580
-
-
500
-
21,159
-
-
-
15,759
151,410
305,709
344,597
Unrestricted
Restricted
Total Funds
2024
2024
2024
£
£
£
-
60,000
60,000
-
100,000
100,000
33,000
-
33,000
69,258
-
69,258
37,500
-
37,500
28,580
-
28,580
500
-
500
15,759
-
15,759
184,597
160,000
344,597

4 Income from charitable activities

Page 16

Gateway M40 Notes to the Financial Statements For The Year Ended 31 December 2025

----- Start of picture text -----
5 Net income
2025 2024
£ £
Net income is stated after charging:
Depreciation - owned assets 2,607 2,432
Accountancy 1,091 960
6 Income from other trading activities
Unrestricted Restricted Total Funds Total Funds
2025 2025 2025 2024
£ £ £ £
Fee Income - - - 8,510
- - -
8,510
Previous reporting period
Unrestricted Restricted Total Funds
2024 2024 2024
£ £ £
Fee Income 8,510 - 8,510
-
8,510 8,510
----- End of picture text -----

Page 17

Gateway M40 Notes to the Financial Statements For The Year Ended 31 December 2025

7 Expenditure

Expenditure on charitable activities
Employment costs
Telephone
Training
Volunteer expenses
IT Costs
Rent
Client costs
Subscriptions and membership
Subsistence
Tackling inactivity initiative expenditure
Repairs and maintenance
Bank charges
Rates and water
Legal fees
Minor equipment
Insurance
Post, printing and stationery
Depreciation
Governance costs
Support costs
Other expenditure
Sundry
Restricted funds
Unrestricted funds		 Relief of
poverty
costs
£
159,622
2,571
267
94
7,813
31,987
93,954
143
555
3,563
73
60
728
2,639
1,012
908
3,574
2,607
1,091
660
313,921
Relief of
poverty
costs
£
50
50		 2025
2024
£
£
159,622
153,320
2,571
3,519
267
-
94
2,608
7,813
4,162
31,987
24,501
93,954
66,887
143
2,896
555
1,279
3,563
1,361
73
66
60
60
728
399
2,639
5,962
1,012
477
908
858
3,574
2,127
2,607
2,432
1,091
960
660
660
313,921
274,534
2025
2024
£
£
50
722
50
722
2025
2024
£
£
151,410
160,000
162,561
115,256
313,971
275,256

Page 18

Gateway M40 Notes to the Financial Statements For The Year Ended 31 December 2025

8 Allocation of governance and support costs

The breakdown of support costs and how these were allocated between governance and other support costs is shown below.

General
Support
£
Accountancy
-
Payroll fees
660
660
Previous reporting period
General
Support
£
Accountancy
-
Payroll fees
660
660
9 Analysis of staff costs
Wages and salaries
Employers NIC
Pension costs
Charitable activities
Average number of employees
Number of employees with benefits in excess of £60,000
Use of facilities
Use of facilities
Total employment benefits, including employer pension contributions of the
key management personnel
Use of facilities
Basis of apportionment
Basis of apportionment
Use of facilities		 Governance
2025
£
£
1,091
1,091
-
660
1,091
1,751
Governance
2024
£
£
960
960
-
660
960
1,620
2025
2024
£
£
149,318
143,884
4,466
4,443
5,838
4,993
159,622
153,320
159,622
153,320
159,622
153,320
2025
2024
8
7
-
-
2025
2024
£
£
31,886
30,530

The charity considers its key management personnel comprises the trustees.

Page 19

Gateway M40 Notes to the Financial Statements For The Year Ended 31 December 2025

10 Independent Examiner Fees

Independent examination fees
11 Tangible Fixed Assets
Extra 4
Extra 3
Extra 2
Extra 1
£
£
£
£
Cost
At 1 January 2025
-
-
-
-
Additions
-
-
-
-
At 31 December 2025
-
-
-
-
Depreciation
At 1 January 2025
-
-
-
-
Charge for Year
-
-
-
-
At 31 December 2025
-
-
-
-
Net Book Value
At 31 December 2025
-
-
-
-
At 1 January 2025
-
-
-
-
12 Debtors
Prepayments
Other debtors
Restricted
Unrestricted		 2025
2024
£
£
1,091
960
1,091
960
Equipment
Total
£
£
12,515
12,515
525
525
13,040
13,040
10,083
10,083
2,607
2,607
12,690
12,690
350
350
2,432
2,432
2025
2024
£
£
1,596
3,335
40
-
1,636
3,335
2025
2024
£
£
-
-
1,636
3,335
1,636
3,335

Page 20

Gateway M40 Notes to the Financial Statements For The Year Ended 31 December 2025

13 Creditors: amounts falling due within one year

Other creditors and accruals
Deferred income
Unrestricted
14 Deferred income
Balance as at 01 January 2025
Amount released to income earned from charitable activities
Amount deferred in year
Balance as at 31 December 2025
Deferred income comprises rental income and grants invoiced and received
in advance.		 2025
2024
£
£
1,571
1,310
-
20,000
1,571
21,310
2025
2024
£
£
1,571
21,310
1,571
21,310
2025
2024
£
£
20,000
20,000
(20,000)
(20,000)
-
20,000
-
20,000

Page 21

Gateway M40 Notes to the Financial Statements For The Year Ended 31 December 2025

15 Analysis of charitable funds

Analysis of movements in unrestricted funds

General fund
Designated funds
Previous reporting period
General fund
Designated funds		 As at
1 January
2025
Incoming
Resources
Resources
Expended
Transfers
As at
31
December
2025
£
£
£
£
£
92,860
157,437
(162,561)
-
87,736
50,000
-
-
-
50,000
142,860
157,437
(162,561)
-
137,736
As at
1 January
2024
Incoming
Resources
Resources
Expended
Transfers
As at
31
December
2024
£
£
£
£
£
11,801
196,315
(115,256)
-
92,860
50,000
-
-
-
50,000
61,801
196,315
(115,256)
-
142,860

Name of unrestricted fund: General fund Designated funds

Description, nature and purpose of the fund

The unrestricted funds of the organisation For future redundancy and closure costs

15 Analysis of movements in restricted funds

Henry Smith
National Lottery Fund		 As at
1 January
2025
Incoming
Resources
Resources
Expended
Transfers
As at
31
December
2025
£
£
£
£
£
-
51,410
(51,410)
-
-
-
100,000
(100,000)
-
-
-
151,410
(151,410)
-
-

Page 22

Gateway M40 Notes to the Financial Statements For The Year Ended 31 December 2025

Previous reporting period
Henry Smith
National Lottery Fund
Name of restricted fund:
Henry Smith
National Lottery Fund		 As at
1 January
2024
Incoming
Resources
Resources
Expended
Transfers
As at
31
December
2024
£
£
£
£
£
-
60,000
(60,000)
-
-
-
100,000
(100,000)
-
-
-
160,000
(160,000)
-
-
Description, nature and purpose of the fund
for day to day expenditure of running the charity
for day to day expenditure of running the charity

16 Analysis of net assets between funds

Tangible fixed assets
Cash at bank and in hand
Other net current assets/(liabilities)
Total
Previous reporting period
Tangible fixed assets
Cash at bank and in hand
Other net current assets/(liabilities)
Total		 Designated
funds
Unrestricted
Restricted
2025
£
£
£
£
-
350
-
350
50,000
87,321
-
137,321
-
65
-
65
50,000
87,736
-
137,736
Designated
funds
Unrestricted
Restricted
2024
£
£
£
£
-
2,432
-
2,432
50,000
108,403
-
158,403
-
(17,975)
-
(17,975)
50,000
92,860
-
142,860

17 Going Concern

The charity's main source of income is grant funding and investment income. The trustees consider, having regard to reserves 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 the funding income should cease.

Page 23

Gateway M40 Notes to the Financial Statements For The Year Ended 31 December 2025

18 Post Balance Sheet Events

The Trustees do not consider that there have been any events since the balance sheet date that significantly impact on the financial statements.

19 Financial Instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Page 24