2021-03-31-accounts

Charfty numb•r. 1183430 GATEWAY LIFE TRUST (A Charitable Incorporated Organlsation) Unaudited Trustses, Roport and Flnanclal Statements For the Year Er)ded 31 March 2021

GATEWAY UFE TRUST IA Charitabh Incorporated Oryanlsatlonl Gontents Page R•ference and Administratlv• D•talls ol tho Charltsble Incorporatsd Or9anls•tlon, its Trust••s and Advlsers Ttust••s' Report Indep•ndent Examln¢r's Report Sl*toment ot Flnanclal Acllvltl•s Balanc• Sh••t NotM to Ihe Flnanclal Statsm•nts 9-18

GATEWAY UFE TRUST (A Charltablè Incorporated Oryanlsatlon} Rehrnnce and Admlnlstr•tl¥e Detslts th th• Charltsble Incorpornted Org•nl•atlon. its Trustoes and Advisers For th• Year Ended 31 M•v¢h 2021 Trustees S Baynham, Chair D Gth. Secretary V McDonakl L BaKour Charity reglst•red number 1183430 Principal offl¢• 11 Frances Ro*1 8a$in9sloke Hampshire RG213DB Independent Ex•min•r Wbse & Co Chartefed Accountants & SlalLrtory Athjrtors Way Court West un￿ R¢)&1 Famharn Surrey GU9 7PT Bankers Tho cr￿peratiVe B￿k Pk P.0. Box 250 Doll Hous Southway Sk8lm8isda WN8 6WT Pap1

GATEWAY LIFE TRUST IA Charltsbl• Incorporated Oryanisatlonl Tr￿t0?$. Report For th• Y••r End•d 31 March 2021 The Trustees Lrf Gateway Lrfe Trust havo plwure of pre5enliry Ihw'r annual rqw)rt for the emded 31 March 2021. L•gal Stat Gateway Life Trust is consliluled a5 a Charrtable Incorporated Organisation using th•'Foundation" modd dated 28 January 2019 and Is a registered charity no. 1183430. Trustoes There were Tr3 changes of Trustees dunng financid sffjar. In se￿(Al￿g individual$ for appointment 88 Trustees, the current Trustees mu$l have regard to the skills. kntrwled9e and experience needed for the effective administration of the charity. Alms and Obloctlv8S Gateway Church BaN'ngstthe conts.nues to frJnCti(￿.. To advance the Christian religion for the benefft of the public in a¢cordanee with the beliets set out in the Christian Scriptures and lo proclaim aTrJ further the Gospel of God and His Son the Lord Jesus Christ and to preach and teach the Christian falth. . For the Preventi(￿ or relief of poverty in Basingsloke and in such ther parts of the Unrted knngt￿M I)￿￿ a8 the Twstees may from lime to time Ihink fft by provhjing. grants, items and seNic8s Io ￿KIN￿lua15 in r*ed andjor chanties, or other organisations working to prevent or relieve povefty. . To advane6 lh6 educat￿n of th• P￿lIe in the yjbject of Christian lailh. To further s￿h other Chaiitab￿ purposes as tho Trustees fmm tlme to time in their absdute di￿ret￿ detennine. The Trustees ho￿￿ noted the Charty commiss￿)n'5 general guidance on public benefft making and revivwing the Trusys aims aThJ obiectwes and planning future actNrties. Actlvltles Church meetings ￿ Sunday Lrfe group meetings mid-week Mid week meetsng for Youn9 People ha Ccwr 'H(xne for G￿d, Adopting and Fostering Pastoral care of membern and familie5 CAP Debt Cent Church Planting Commis¥ion e%ent8 Achlev•m•nts e￿h1een.onlIne.¢hurch platform seN6d the thrne church bcations on a Sunday moming in Basingsloke, An¢Jover and Swindon all three churches contributing to the conlenl. This has been supplementèd by live Zoom children's and yryth activities along wth pre-recofded age appropri8le ethent on y￿JTUbe channel. Page 2

GATEWAY LIFE TRUST IA Charlt•blo Incorporatsd Organl8aUon) Trnstoos. Report (continued) For Ihe Ye•1 Ended 31 March 2021 . The Churches have al80 ¢>)nlinu&J lo run lif• group meelin9s Zoom both after the Sunday meeting and mid- . The Alpha ¢ourse ran onlne fortho88 exploring th¢ Christian lalh. • Tr church M a 'Hom8 far g￿)d. couf80 to oncourage and aqup famil￿$ ¢onsKleriTh3 &Jopling fostering •180 on Zoom. . A CAP debt seryus contre has continued to njn during the and h8lped a number of dlents. . church continues to support Emma Ed•n. Emma relumed lo the UK lo wort for a Chn$tian eharty working th trafficked women. Gateway Church is of the Commission sphere of ehurthes. church regularty take part in and contributes lowwds thé work of other Ct)mmission churches and In￿"al￿e¥. The Leadership team attends arvj ¢￿trIbl￿e5 towa￿8 c¢rniSs￿n ￿aders. equipping éwnls. Flnancll Revlew . Th CIO ha$ recewad asmts ond reseNas lotalling £282.556 from ￿ Gateway Church Basingsloke Trust during the financial yoar. . Total incomè for ts year was £208.822 and the charity has expended £160,390 on its activrtw. This indudes fufth•r donations received a￿1 e￿ndIture m1• from The Gateway Church Twst Cw Bank xc4yJnt after the 11th June 2020 as an agent of Gateway Lrfe Tntsl CIO. . The total unrestricted cuThent rese￿￿3 wern £142,945 at the year eThJ. The reserves polw ra currenty (lculated as three months of Committed oxpendrture. the maionty of which 1$ Staff wag95 and currently is far exceeded by the current levels of reservgs. These addrtional reserv08 are expected to be used in the nexl financial yearlo enable the PUTchase and Tenovalion of the new building. . In addition the fund lor purchase of the ne building had a batance of £165,204 at the )7ar end. tt 1$ •yect¢d that the entre fund will be US￿ in full during next financial >par. . Tho Church plant expended rn￿e than ils inc(Mne durin9 the and l•ft a furKI defiol of £736 the end bofore a transfer was made from general unrestricted furth. • Tnnty Lrfo Church plant hu established and a r•Str￿ted bjnd balance of£5.006 at the y￿r ènd. • A Rolief Fund has been put in ￿3¢8 in ant￿ipatIon of the expected financial hardship Ca￿ed by the Cowd-19 national lockdown and rosulting effects. fund balance for the financial year ènd £13,754. . Th? restrictwj fund 'W' is 18t ayKle for a firturo m￿1$￿ based ￿nd social just￿9 and the and ils boljnce is unthanged 8t £3.404. . The r•stri¢t￿ grnnt to CAP had a balance of £875. . t)uring IM yearthg Trustee8 authorisgd the r￿m￿l payment of expenses and expenditure. Covid.19 and F￿Ure Pl•n• . The main source of fvnds for tho Trust Is through its church members grving and the grfi reclaimed, a laFge prO￿rtIon of is by regular bank transfer. So no SWJnrf￿anI kiss is expected through ￿t being able lo meet together. expendrture of the charty continues to b8 tsduced during Covid. No haN hlre is being incurred and Pa98 3

GATEWAY UFE TRUST IA Charltabl• Incorporat￿ Organl$ationl Tiust••s' R•port Icontlnued) For th• Year Endod 31 MaKh 2021 many (*h•f largo itwns of expendrture physKal 0¥onts we aho happening. . Thg trustees have identsfied current ex¢e$$ roserve5 hekl and the established rdief fund to he ltrtrjge who may ex￿rienCe financial hardship during the coming months and are continuing lo review ts nat incomeihss of tho charity closely exh month and will respond to any adverse changes accordingly. - The planned purchase and refurbishment of a lorn Offi￿ building is continuing. Rlsk Management . The tru$lees iegulaty meet and COnd￿t revitr￿ of the TnJGt'8 operaltons to identsfy aro•8 of risk and inlllale planning to mrtigale these risks. Trustees receive and re￿oW monlhty management reports on the financial performance ol the chanty abr with an annual budget. Thoy 38$ess the affordabilty of any initiatives on their merils as thgy occur. . Al ol the ath"vit￿$ of t￿ charty are continuing and the accourts hm been produced on a C￿r￿n Approved by ord6r of tho members of the board of Trustees and soned on behaw by.. &woh ￿Yhka S Baynharn Ichair ol Tru$leos} 31101r2022 Pago 4

GATEWAY UFE TRUST IA charItab￿ Inco￿•rated Ofganlsatlon} Inde￿ndnt Examin•rfs Rèport For th• Y••i Ended 31 M•rch 2021 Independent Examln•r's Report to th• Trust0￿ of Gat•way LEf• Tru•t (Ihfr Charttable Incorporated Oryanlsation'l W8 report to thè charty Trustees on our examination ol the ￿￿nIS ol the Charilabie Incwaled Organisation for the year ended 31 Nqarch 2021. R•sponsibilit•es •nd Ba•h of Report A8 tho Truste88 of tho Charitable Incorporated Organisation responsiblo for th• preparation of the a¢¢ounl8 in accordance wTrth the requirement$ of Ihe chan1￿$ Ad 2011(1￿ 2011 Adl. Wè roport in respect of our gxamination Oft￿ Chantsble Ineorporaled Organisalion's aeeounts carr￿d eArt under ¢t￿n 145 of the 2011 Acl and in Car￿n9 out our examination wo have fo)wed the applicaN• Tr'r•cb"ons gr ty thè Charrty Cofflmission under sedion 145lSllbl of the 2011 Act. Ind•pendMrt Examin•rf• Stalemont Sinc• th¢ Charrt¥le Incorporated Organisat￿n.3 gr086 income oxGegdod £250,000 your examiner must be member of a body listed in sodion 145 of the 2011 Act. We confim that are qualrfied to undertake tt examination because w• aro a member of ICAEW. which is one of the listed b¢￿j￿$. Your attenbon is lo the fact that Chantable In￿rporated ￿anISation has prepared the accounts in accordance vthh Accoynting and Reporb'ng by Charth$' Statem￿1 of Recomrrnded Prdctice applKabb to chariti.es preparing Iheir accounts in accordan¢8 V•th the Financral Reporting Standard applicab￿ in the UK and R$public of lrnland IFRS 102) in preference to tha Accounting and Reporting by Chanlies.. Ststemenl of Reeommgnded Pradica i88uwJ fffi 1 April 2005 which is referred lo in the extant regulations but has been ithdrwi. We understand that thii ha• be￿ done in cal•r for thg wunts to providè a tru• and fair in accordance th• Generally Acceplgd Accounting Prncticé effectNe lor repo}￿ng per￿￿13 beg'nning on or after 1 January 2015. We have completed our eX￿inSt10n. We confimi that no matters have com• to our attention in ¢onne¢tion wllh ￿arnIn￿M)n giving us ￿Ule to bdie¥e that in any matenal respect. accounting re¢ord$ not kept in reSp￿t of th• Charrtablg Incowraled Organisation as roquired by sgction 130 of the 2011 Act,. or tho accounts do not xcord wrth thosg records.. or the aecounts do not compty ith t1￿ aFpltsblè requiremenlg eAMcerniry the foFm and ￿nIent al acCI￿nts set out in tho Chairties IAceounts and Rewlsl Regulalson8 2008 other than any requifemenl Ihat the aGcounts gi¥• o and f ¥7￿ whth * not a m*r c(rnthrnd •s part of an independent examination. Pago 6

GATEWAY LIFE TRUST IA Charftsble Incorporated Organlsatlon) Independent Examinerfs Report {continugd) For th• Yo•r EThd￿ 31 Il•r¢h 2021 We havg no concern$ and have come across no ott￿r matt8rs #i connection with the examinalion lo wh attent￿n shoubj be drawn in this report in order lo enable a proper understanding of the accounts lo te reached. Signed. Mark Dickinson FCA 31 101 12022 W￿￿&CO Chartered Accountants & Slalutory Audilof$ Wey Court West Unp)n Road Famham Surrey GU9 7PT Poge 8

GATEWAY UFE TRUST IA Chartt•ble Incorporat•d Organlsatlon) stst•m•nt of flnanclal actlvltl•8 For th• Y•ar Endod 31 March 2021 R￿trktOd Llnr•strlctod fuDds lunds 2021 2021 Total funds 2021 Incom• from: Donations and legacies ot￿r inc¢Jne 38,230 198.105 170.592 84A51 208.822 282.S56 Totsl Inc¢M￿9 236.335 255,043 491.378 Expendltur• on: Charitable acttvth'es 49.028 111,362 160,390 Totsl oxp•ndliure 49,028 111.362 160.390 Not Incom• Trnnsfers between fwKI8 187,307 736 143.681 1736) 330.988 12 N•t mov•ment In fund• 188.043 142.946 330.988 Reconclllatlon of fvnd•: Net ffK)venK8nt In fund8 188,043 142.945 330.988 Tot•1 fund• carrl•d forward 188,043 142.946 330,988 The Slaemenl of Finanoal Actiwtwd indudes au and k￿e8 reeo9nised in tho ywr. Th8 on pages 9 to 18 fom) wt ofthese financral slatemenls. Pap7

GATEWAY LIFE TRUST (A Ch•rit•bl• Incorporntod OTganlsalionl Balance Sh••t A• at 31 March 2021 Tangits￿ 488Ot8 Current aM•ts 6,403 D6blo Cash at in haThJ 10 63,525 267.502 331.027 Creditor8'. amounts falling du• within one year 11 16,4421 Net curr•nt •s••ts 324,686 Totsl n•t a••4ts 330.981 Charity fvnd• ReslrKted funds Unr6stitted fwK15 12 12 188.043 142,945 Total fund• 330,988 Tho finanaal 8tatomenls wor• appfo¥ed and aulhoriaed for issue by tho Trusle8s and signed on their behalf b￿. &hfOi S Baynham (Chair of Trusleesl D*e.' 31K11r2022 notes on pag•8 9 to 18 fm yrt af thg8e financial statoments. Page 8

GATEWAY UFE TRUST IA Charltable Incofpofdted Organlsatlon) Not•• to tho Financial St•tgm•nts For the Y•ar End•d 31 March 2021 G•n•rnl Inforniatlon Gateway Lile Trust is & ¢harrtabie ineowated organisation Icharrty number". 11834301. It was eslablish6d on 28 January 2019 8Th1 in ts first period h1 no income or oxpendilure, therefore no conwaratives are 8huwn throughout the financial slalomenls. Accountlng pollclos 11 Ba•1• of prep•ratlon of financil t•tem•nts The ftnancial Statements have bmn Pfepared in aceofdance with the charit￿S SORP (FRS 102) - Accounting and Reporting by Charrties. Slemenl of Recommended Practice applicable to charities preparing their accounts in accord8nce wrth the Finanual Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. the Financial Reportir¥J Slandd plicable in tho UK RepublK of Ireland IFRS 1021 aThl the Charities Act 2011. The financ￿1 slalements prepared to a Ifue vitr and have departed from th Charitie5 (Accounts and Reports) Regulations 2008 only lo the extenl roquirod to provide a Iru8 and fairf vmv. This departure has involved following th¢ Charitiès SORP {FRS 102) published in Octobor 2019 rathor than the Accounting and Reporting by Charities.. Statement of Recomm8nd•d Practice dfective from l April 2005 Wh￿ has $￿e b￿n wthdr•wn. Gateway Lrfe Tru$l mèets the definrtion of a Publ￿ benefit entty uTrler FRS 102. Assets and 1sabilils are In￿alty Fteognised al historvl ￿>st or transaclion valjo unhss (￿her￿s• $ted in the relevanl •ccounling poly. 12 Income All Incor￿ is reeognised once the chantab￿ Incorpofaled Organision •ntthment lo th• income. it is probabl8 that the income will be reLaved and the amount ol i￿• recewable can be measured reliabty. Donations. Legac￿$ arKI Sirrdlar Resoure85". li) colbet￿nS and Donations we irKluded in the financial $l41oments ￿en received by or on boh• of the church. {1) Planned giving re¢etvable under cov8nanl 18 included in the finanual stslements onty wt re¢•iv¢d by the thurch. {Ih) Income tax r￿0Verable on c￿enanted gift aid &)nations ar• aG¢Tr￿d to March oach and daimed every four months. (r¥) Lggacy income is accounted for when receNabb. (v) Grant income i¥ accounted for when re¢wable. Income from investments, including intffest receivod. 1$ ac¢ountsd for due. Grnnts we indud•d ￿ tlw Statement ol Financi￿ AdNitw on 4 rtteivable b￿1& The balance inccno received for Spe¢rf￿ purposes but not expended dunng the period is shcwn in the re￿vant fund5 on tho Balanc* Sheat. Where inttsmè is received in advance of entrtlèrnenl of receipt, its recognition is doforred and included in creditors as defened inco￿. Where entitlement o¢curs bofore in¢omg is rtt8ived, the income 18 accrued. Page 9

GATEWAY UFE TRUST (A Charlt•bl• Incorpor4t•d OrganSsatSonl Not•• to th• Financial Statomants For th• Y•r Endèd 31 March 2021 Accounting polle1￿ Icontinuedl 13 Exp•ndltur• Expenditure is recognised once there is 81ggal or conslruclive obligatDn to transfer eeontjmie benefft to a third paty, rt is pr¢)bablg that a transfer of econcni¢ benefits wll be required in settlemonl and Ihe amount of th8 obligation can be measured reliably. Expendrture is dassified by actNty. The costs of each aclivty are made up of the tLal of direct c£ls and shared costs, including support eos invow in underlaking each activty. Dired Costs attnbutable to a sing18 aclivty are allccaled dir•dty to that 8Ctivity. Shared costs contribute to more than ¢Me activity and support costs which aro not attribul8bl8 to a single aclivty are apportion&d betsveen those activities on a basis consistent wth the use of resources. Central staff co$ts are al1¢Xat￿ txb t￿ basis of tin• 8p•nt. and deprocialion charges allocated on the po￿On of the a8sel's use. Expenditure on chantable actNities is incurred on directty undertaking the actNities which fijrflw th• Charilabk Incorpofated Organisalion's obJe¢lives, as wdl as any aSSoc￿led support tosts. Al expenditure IB indusive of Irr￿erable VAT. 2A Tanglble fixed ui•ts and deproclatlon Tangible fixed assot8 Costing £NIL or more are caprtalised and recognised when fijture econtrni¢ benefits ￿ probabla ond the co8t or valug of the asset Gan bo measured rel￿1¥. Tangible r￿ed assols ar• inrtialty recognised at cost. After recognition. under the co¥t m¢)del. tangible f￿ad assgts aro measured at cost accumulated deprecialion and any accumulatad impaimenl k>s$es. All co$ts incurred to bring a tangible fixed asset into it8 intended working condition should be indLKted in the measur•mènt of eosL Depreciation $8 charged so as lo all¢xale the cost of lan9I)le r￿ed assets less thw rOSKlual vakhl o¥or thair ests'malod us•fvl Irrfes. u&ng the straight4ine method. D¢preciation is prow¢J8d on Ihe fcI￿n9 b•is.' Motor Veh￿leS Fixture$ and fittings Computer equipment 25% 25% 25% Trade arml dhgr deblots are recogni58d at the settlement amount after any trada dtscounl offered. PropayTrenls are v8luotl at the amount prepaid net of any trade discounts du¢. 2.6 Cash •t bank and In hbd Cash al bank and in hand includes cash and short-lem hwjhty INuid inveslments with a short maturty ol three I￿nthS ty less from the d*e of acquisilK)n or opening of th? deposrt or similar a¢counl. Pw10

GATEWAY UFE TRUST IA Charltabh Incorporated Organlsatlon) Nots• to lh• Flnancial SLem•nts Forth• Y•ar End￿ 31 March 2021 Accountlng pollcles Icontlnuedl 17 Uabllttles and provlilo Li8bdies a￿ recognised WI￿ Ihern i• an cèligatson at th• Balance Sheet date as a rnoull of a past event, tt is probab￿ that a transfer of economic bernfil wll b0 required in SOtt￿Ment, and the amount ol Ihe settlement Can be e$tsmated reliabty. LtablI￿.es are reeognised al the amount that thg Chantable Inco￿orated Organisation anlscpates it 7hill pay to settle tho debt or tho it has recèived as advancfyl payments for tho gotsas crf services it must provpde. Provisions we measur•d al the best estsmate of the amounts required to Settle th8 obligation. Where the effect of tho lim¢ valu¢ of money is malefial. the provision is based on the present value of those amounts. discounted at the pre-tax discount re Ihal reflec15 the risks specifie to Ihe liability. Tho unwinding of the discount is recognisfjd in the Slatanenl ol Financial ActiVit￿S as a finance cost 18 Fln•nci•l instrum•nts Th• Charitable Incorporated Organi5alion onty has financial asso1$ and financial liabilities of a kind that qualify as basic financial instruments. Bas￿ financial instruments are intially fecognised tran￿ctth value and subsequentty mèasured at their settlement value ¥￿th tho excepts.￿ of 10on8 whbch are subsaquontly ￿Su1&￿ at aryth'sed cost usiry the 8ffects.vo intoresl method. 19 PenJlon• Tho Charrtable Incorporated Ofganisalion op8iates J defined contribution pension scheme and the pension charge represents the amounts payable by tho chantab￿ Incofporaled Organisat￿n to tho furwj in respect of the year. 110 Fund accounting General fuThJs are unr9slr￿Ied funds whleh are a￿dilable for use al the discretion of the Trustees in furtherance of the general objectives olthe Chanlable Incorporated Organisalion and have not t*en desynated for other purposes. R•slrKled funds w• funth vthich are to b• uwj in accordance wrth Spe¢rf￿ restrithons Mnposèd ty donors or wh￿h haw bo8n raiwj by ￿ charrtab￿ Incorporated Organisalion for particulaf purposes. The costs of raising and administgnng sueh funds ar8 charged against the spe¢jr￿ fund. The aim u8e of each restrictgd furKI 1$ sot out in the notes lo Iho financial statem8nls. Page11

GATEWAY LIFE TRUST (A Charltable Incorpornt•d Oryanlutlonl N¢)ts• to th• Financlal Stat•m•nts For th• Y•ar Ended 31 MJrch 2021 Income from donatlons and l•gaclo• R••trlct•d Unrestrfcted lund• funds 2021 funds 2021 Donatlon• R¢gular donations Gift Aid Collaclions and other donations Grants 25,545 6,275 6.260 150 125,455 31,423 13,714 161,000 37.698 19.974 150 38.230 170,592 208.822 IXh•r Incomlng r••oiircos Re3trlct•d Unrnstricted lund• lunds 20 2021 lunds 2021 FuThJs transferred from Gateway Church Ba¥ing8tok8 198,105 84,451 282,556 On 11th June 2020 Gateway Chur¢h Basingsloke transfered ils activit￿5 to th￿ entity. On this d*e transferred ts ass?ts and liabilrties as a gfft lo this entty. Oetail$ of this transfer can tre seen In tho 1 Tangible fix&J Assets Cash at bank and in hand other currwrt ass•$l$ Current LIab￿rt 281.918 15.4011 282,S56 Page 12

GATEWAY UFE TRUST (A Charftable Incorpornted Organlsationl Not•$ lo th• Financial Stst•m•nt$ For th• Y••r End•d 31 March 2021 Analysis ol oxpondlture by a¢tlvhl•s ActlvTtI8S undertaken dlrectty 2021 Support Total lund• 2021 2021 Church actsvil 107,035 53.355 160.390 AnatyBl• ol dir•ct co•t• Totsl fvnd• 2021 Actlvltlos 2021 staff cojts Chikjren Church Lrfe Evangehsm and Mission Speakers gifts CAP Worship 94.293 951 582 8.346 314 1.731 818 94.293 314 1.731 818 107,03S 107,030 Pag• 13

GATEWAY UFE TRUST IA Charitabh Incorporatsd Organlsatlonl Notes lo the Financlal Statements For the Y••r Ended 31 Mrch 2021 Anatysl• ol expendi￿re by activltles Icontlnued) An•ty8ls of Support co Total fvnd• 2021 Activitlo• 2021 Website & church software IT expenses Telephone & internet Office suppli88 Advertising & resources 1,851 156 600 478 1.851 156 478 r li SubscnFknn Staff trainiThJ Bank fees Staff travel Hosptslty Insuran Govemanco Rent Dweciati 140 3.180 18 514 576 751 36,400 1.891 3.732 140 3.180 18 5T6 751 36,400 1.891 3.732 53,355 53,355 Ind•pèndent examimirfs remuneration 2021 F••8 payable to th• Charitable Incorporated Organisation's indopondent eyAminer lor the independènt examirth.on d th• Charitable Incorporatod Or9anisalKn's annual a¢¢ounts Pagè 14

GATEWAY UFE TrUST IA Charitabh Incorporat•d Oryanlsatlon Nolm to th• Financlal Stst•monts For the Year Ended 31 March 2021 Staff ¢osts 2021 Wages and salaries Socbal secunty costs Contribut￿n to defined contributson wsion Schemes .167 5,166 94,293 Tho mrage number of per¥ons empw by the Charitable Incofporaled Organisat￿n during the yoar wa8 as follows.. 20 No employee receiv¢d rgmunerntion amounting to nb)rè than £80,000 in tho year. Tru•1•￿, r8mun•r•tion and 8xp•n$•s Ounng Ihe yaar, rn Trustees reC￿ed any ramunei*'on cthw ￿nofft5. During the year ended 31 Mar¢h 2021. Trust•e èxpgnyes hav• been incurred. Page 15

GATEWAY UFE TRUST IA Charitabl• Incorporated Organisation) Not•s lo th• Financial Stat•ments For th• Y••r Endod 31 M•rch 2021 Tanglble fix•d a•s•tg Motor Flxtur•s •nd vehlcles flttlngs C(Hnput•r equlpm•nt Total Cost or ¥alu*tlon 10,135 At 31 March 2021 338 9,291 10,13S Deprnclatlon Charge for the y•w 128 3.247 At 31 March 2021 125 3.247 3.TJ2 book valu• At 31 Math 2021 213 146 10. D•btorn 2021 Du• wlthln on• y•ar debtorn 7,371 30,632 25.522 Other debtors Prepayrnenls and accrued income 63,525 After th6 transfer of aclwrties from Gateway Chur¢h Basingstoke IGCBI, GCB has been acting as agwrt for Gateway Lrfe Trust IGLT). As at the year gnd GCB ¢y•Ad £30,632 to GLT. Page 18

GATEWAY UFE TRUST Charllable Incorporatsd Organiyatlonl Notos to th• Flnanclal StJt•ments For tho Year Ended 31 Al•rch 2021 11. Cr0dltors.' Amounts falling du• wlthln on• y•ar TTad8 creditors Other taxation 8oaal security 0￿r cred￿$ Accnjals and dofeTr•d incoff 1,935 2.376 631 1.600 12. Stat•m•nt of fvnd• St•t•m•nt of fund•- currenl y••r 8alanco at 31 March 2021 Transfofs Inlout Income Expendlturn Unmtrlcted fvnd• General Fund8- all fvnds 2SS.043 1111,3621 36 142,946 Restrlct•d fund• Hope Church Building Furrfl Cinnam¢)n CNP Fwxl Trinty Lrfe Relief Fund Specrf*d Giwng M68 & 22 fvnd 16,967 195.554 775 5,375 14,810 116.7031 130.3501 1100) 1369) 11,066) 736 165.204 676 13.764 3,404 236,335 149,028) 736 188,043 Total of fvndl 491.378 1160,3901 330,988 P•g•17

GATEWAY UFE TRUST (A Charltable Incorporat•d OrganSsatlonl Notes to th• FSnancial Stat•ments For the Yèar Ended 31 March 2021 13. Summary of lunds Summary of funds- ¢urr•nt y￿1 Balance •t 31 March 2021 Translers Inlout Inc¢Jme Exp•nditurn General funds Restrtted fund• 255.043 236.335 1736) 736 142.945 188,043 149.028) 491,378 {160.390) 330,988 1& An•tysls of net •sset• b•tween fund• Anatysls of n41 Ms•ts bthyqen funth. currnnt year RMtricted Unrestrlcted lund• fvnds 2021 2021 Tot•1 lunds 2021 Tangible fix•J asmts Currenl ¥ssds Croditors due wthin (rn y•or 6,403 142,984 16,4421 188,043 331.027 (6.442) Totsl 188,043 142,945 330,988 IS. Pgnslon commhmfjnts The Chafity op•rates a defined contribution pension scheme. The assets of the scheme aro hekl aralèly from those of the Chanty in an Independent￿ administered fund. The pension cost ehar9e of £2.960 represents contributions payable by th• Charity to the fund and as * the ￿r end £631 payable to the fund and 18 Induded In ¢reditcrfs. Page 18

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