## **GATEWAY STUDIO CIO**
**ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2022**
**Charity number 1186728**
**GATEWAY STUDIO CIO**
**Trustees’ Report For the Year Ended 31 March 2022**
The Trustees of Gateway Studio CIO are pleased to present their annual report together with the financial statements of the Charity for the year ended 31 March 2022.
These financial statements comply with the Charities Act 2011, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **REFERENCE AND ADMINISTRATION DETAILS**
## **Registered Charity Number:** 1186728
**Registered Office:** Trinity Centre, High Street, Gateshead, NE8 1EP
## **Governing Documents**
Gateway Studio CIO was established as a Charitable Incorporated Organisation (CIO) on 4 December 2019, replacing and taking forward the activities of Gateway Studio Community Interest Company. As a CIO it is governed by its constitution and Articles of Association.
## **Structure and Governance / Board of Trustees**
The charity currently has a board of ten non‐executive Trustees.
The Trustees of Gateway Studio CIO during the period and to the date of signing this report were as follows:
Mr Jeffrey Martin Dean (Chair) Appointed 27 May 2021 Ms Susan Wilson (Chair) Resigned 27 May 2021 Ms Sarah Louise Hogarth Ms Rebecca Jane Miller Mr Peter Huggins MBE Ms Eleanor Farrington Mr Kema Sikazwe
Mr Paul Wilson Resigned 6 October 2021 Mr Edward Lynch Appointed 29 July 2021 Mr Stephen Derrick Appointed 29 July 2021 Ms Karen Ann Cruise Appointed 29 July 2021 Ms Akosua Boakye Appointed 29 July 2021
**Independent Examiner:** Jim Dodds, C/o Connected Voice, Higham House, Higham Place, Newcastle upon Tyne, NE1 8AF
1
**GATEWAY STUDIO CIO**
**Trustees’ Report For the Year Ended 31 March 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Board Meetings**
The main board met quarterly during 2021‐22. An agenda and written board reports are prepared and circulated in advance of each meeting and minutes taken.
To date the board has created two sub‐committees. The first is to take responsibility and oversee the National Lottery Heritage Fund capital project and the second is to examine Employment and Finance matters and make recommendations to the Board.
## **Recruitment and Appointment of Board of Trustees**
Five trustees were recruited during the 2021‐22 period through an open recruitment process.
In selecting individuals for appointment, the Trustees aim to ensure that the Board has the skills, knowledge and experience needed for the effective administration of the charity and is as diverse as possible.
## **Trustee Induction and Training**
Trustees are provided with a range of resources to support their understanding of Gateway Studio’s activities and outlining Trustee duties and responsibilities. Specific training and workshops were delivered by an external consultant on management accounts and governance matters.
## **Management**
Day‐to‐day operation of the charity is delegated to the Chief Executive Officer and Artistic Director, Martin Hylton, and to the Assistant Director and Head of Education and Community, Debbie Hylton.
## **OBJECTIVES AND ACTIVITIES**
## **Gateway Studio**
Gateway Studio Project was founded in 2012 by Martin Hylton, a former award‐winning dance artist with an international career in dance and choreography. The intention was to offer exceptionally high‐quality dance provision in areas of high deprivation and open up opportunities to dance, whatever the participant’s background. Since then, Gateway has grown rapidly and delivered classes to thousands of participants and worked with over 25 schools, including the delivery of GCSE and A‐ Level programmes. It has delivered programmes specifically for looked after children and achieved results that far outweighed expectations.
In addition, in partnership with Phoenix Dance Theatre, Gateway delivers Phoenix Academy North East for students seeking a progression route into professional dance. In Spring 2022, Gateway also partnered with the Northern School of Contemporary Dance in delivering a successful pilot programme, The NSCD+. From September 2022 this will be accredited course by the Northern School of Contemporary Dance, providing another route for students to progress into professional dance. There are a range of classes on offer and Gateway has an in‐house dance group, CapuaGate.
Gateway has produced and presented a range of productions to celebrate milestone events in the North East.
2
**GATEWAY STUDIO CIO**
**Trustees’ Report For the Year Ended 31 March 2022**
In 2019 Gateway took the decision to convert from a Community Interest Company to a charity and to begin the process of buying and converting the Trinity Centre into a centre of arts, heritage, community and education with the aid of a grant from the National Heritage Lottery Fund.
## **Charitable Purpose, Aims & Objectives**
Gateway Studio CIO’s charitable objectives are to advance the education of the public in the arts, in particular the art of dance, by the provision of accessible dance education and teaching and ancillary activities, and the presentation of public performances and other similar activities.
The wider charitable objects are to:
1. Further or benefit the residents, without distinction, of Gateshead and the surrounding neighbourhood, by providing facilities for and associating together with the said residents and local authorities, voluntary and other organisations, in a common effort to advance education;
2. Provide facilities in the interests of social welfare, including physical and mental well‐being and special needs, and for recreation and leisure time occupation with the objective of improving the conditions of life for residents;
3. Preserve, maintain and enhance the Trinity Centre (the Property), its environs and contents for the benefit of the local community and nation at large, and to advance the education of the public regarding the historical, architectural and natural heritage of the Property of the Chapel of St Edmund, adjoining the Property, being buildings of particular historical and architectural interest;
## **Public Benefit**
The Trustees understand and have discussed the implications of the provisions of the Charities Act 2006, which requires all charities to be able to demonstrate that they are established for public benefit and have had due regard to the public benefit guidance issued by the Charity Commission.
Gateway Studio aims to bring professional dance education and practice to Gateshead and its hinterland and provide a centre of arts, heritage and community.
The Trustees believe that the charity therefore meets both the key principles.
## – Principle 1 There must be an identifiable benefit, or benefits
Our benefit to the public is that the charity provides community dance classes for children, young people and adults, and makes space available for community groups to meet. A heritage programme is being devised to allow the public to visit and learn about the history of the site.
## – Principle 2 Benefit must be to the public, or a section of the public
Opportunities afforded by the charity for the development of associated artists and professional dancers through performance and support represent a specific benefit, although each element of our work is able to provide benefit to the public in general.
3
**GATEWAY STUDIO CIO**
**Trustees’ Report For the Year Ended 31 March 2022**
## **ACHIEVEMENTS AND PERFORMANCE**
## **Summary of the Charity’s Main Achievements During the Year**
During the period under review the charity, Gateway, continued with its development project for the building, although this has been severely delayed by Covid‐19 limitations. The development phase will be completed by May 2022 when the next phase delivery project bid will be submitted to the National Lottery Heritage Fund. Fundraising for the project has also been impacted by the Covid‐19 pandemic, although significant contribution has been promised from the Architectural Heritage Fund.
A substantial grant was awarded to the Gateway by the Esmee Fairbairn Foundation which will see new positions created within the charity. A Community Dance Development Manager and an Office Administrator will be recruited to further strengthen the charity’s operational team, reach and capacity.
As part of the Esmee Fairbairn grant, a specific sum of money was awarded to produce a digital dance project, centring on mental health issues caused by the lockdowns associated with the Covid‐ 19 pandemic. This will involve over 30 artists and be filmed over Easter 2022, with its first screening in autumn 2022.
A new partnership with the Northern School of Contemporary Dance saw a pilot project (NSCD+) commence in spring 2022. This programme will allow the charity to open yet more routes for participants into the professional dance industry.
Gateway was successful in bringing all of its dance classes and community provision back to its building, the Trinity Centre, after having to move offsite during the height of the Covid‐19 pandemic.
There were also a series of successful community groups hires which will continue to develop long standing relationships and further the community benefit of Gateway’s occupation of the Trinity Centre.
Gateway continues to develop its infrastructure, policies, and leadership with the help of Arts Council England’s Elevate programme.
Gateway places diversity at the core of its vision and attracts 30% of its participants from people with lived experience of ethnic diversity. Gateway is currently contributing to the development and support of an artists’ network for black for black people of African diaspora heritage and people with Central, West, South or East Asian heritage in the North East and takes a lead among North East cultural organisations in denouncing racism.
## **FUTURE PLANS**
Gateway is designing an accredited bespoke foundation degree in dance with partner New College Durham which will commence in September 2023.
Following on from the Elevate programme of funding with Arts Council England (ACE), Gateway hopes to become a National Portfolio Organisation (NPO) to secure funding for its charitable aims for the next three years. If the NPO application is unsuccessful, project grant funding applications will be explored with ACE.
4
**GATEWAY STUDIO CIO**
**Trustees’ Report For the Year Ended 31 March 2022**
Gateway aims to increase its community class offerings once the completed capital project works allow capacity to increase with the addition of a second studio space. Gateway are currently in advanced discussions with Gateshead Council about sourcing and fitting out an alternative building near to the Trinity Centre to decant into while building works are in train to mitigate disruption of delivery. Decant space will similarly have two studios allowing Gateway to continue to grow its operation, incorporating a performance space into the largest studio will also give Gateway a new offering to benefit the local community and its students.
In 2023, it is hoped that the delivery phase of the capital project can begin, supported by National Heritage Lottery Fund, the Architectural Heritage Fund, and other funders, and be completed in 2024 to provide a centre of arts, heritage, and community for Gateshead.
Gateway is committed to environmental sustainability and will continue to utilise Julie’s Bicycle Green Toolkits to collect and monitor data and use this data to develop plans and activities that uphold environmental sustainability. Educating staff, Trustees, artists and community participants on relevant environmental issues will be a key factor in embedding these values in all of Gateway’s work. A substantial emphasis will be placed on the next level of design (RIBA Stage 4) pertaining to Gateway’s capital project.
A new heritage programme of activity centring not only on the rich history of the site Gateway occupy, but also the wider heritage and history of dance and the performing arts is under development. The heritage programme will commence in 2024 as the new Trinity Centre opens its doors following its redevelopment.
Gateway intends to build on its digital offering by producing a series of dance videos highlighting social issues at its core. The first of which, ‘Inner Gods’, will be screened in autumn 2022 in Gateshead and Newcastle as well as at several film festivals. An educational package and behind the scenes documentary will be produced to supplement the film, with the aim of working with local schools and community groups to increase awareness of the themes which inspired the creative work.
A new community led working group is to be established to instigate cultural change and impact. This group will meet quarterly, or more frequently if necessary, and comprise of Trustees, Local Authority representatives, industry influencers and five community members. This will build on the already strong working relationship that Gateway has with Gateshead Council, sitting on town centre regeneration committees, providing a pathway for young people to voice their opinions through high‐level consultation.
Gateway intends to continue being a leading voice in the North East for denouncing racism in all its forms.
## **FINANCIAL REVIEW**
The outturn for the period is an unrestricted deficit of ‐£3,573, (2021: surplus £18,017) this gives the charity Unrestricted Reserves of £14,444 (2021: £18,018)
## **Reserves Policy**
The Trustees have reviewed the charity’s needs for reserves in line with the guidance issued by the Charity Commission.
5
**GATEWAY STUDIO CIO**
**Trustees’ Report For the Year Ended 31 March 2022**
The Trustees aim to hold a level of Unrestricted Reserves that provides sufficient financial resources to meet the liabilities which would crystalise if Gateway Studio were unable to continue operating. Their current estimate of the amount required for this purpose, equivalent to three month’s salaries and operating costs is approximately £43,000.
The charity’s total Unrestricted Reserves shown in the Balance Sheet as at 31 March 2022 are £14,444. The charity intends, through its budgeting, to reach its optimum level of reserves within three years.
This policy will be reviewed by the Trustees on an annual basis as part of the charity’s budgeting process.
## **Investment Policy**
The charity has the power under the Memorandum and Articles of Association to make any investment which the Trustees see fit. Given the level of funds generated to date and the early stage of charity’s project to acquire the Trinity Centre, it is considered appropriate to keep funds in a form which is immediately accessible.
## **Risk Management**
The Trustees of the charity regularly review the major governance, operational and financial risks which the charity faces as part of its annual business planning process and confirm that systems have been established to mitigate these risks.
Gateway Studio has a risk management strategy in place that comprises:
- an annual review of the strategic risks the charity may face via the business plan
- the establishment of systems and procedures to mitigate identified risks
- the implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.
The Trustees are satisfied that appropriate financial systems and controls are in place, together with appropriate employment policies and procedures.
The Trustees consider the key risks facing the charity at this time and mitigating actions taken to be as follows.
- Shortage of resources, both financial and human – grants are applied for to establish a more robust organisation, supporting additional salaried positions.
- Impact of the Covid‐19 pandemic which has severely impacted the charity’s normal activities. Recruitment of participants from schools has been impacted ‐ new methods of community engagement have been devised, particularly through social media.
- Successful delivery of the delayed capital project – a Project Manager oversees the capital project.
The Trustees also manage the general financial risks by ensuring that:
- Prudent budgets are set for each financial period.
- The charity maintains a low cost‐base.
6
**GATEWAY STUDIO CIO**
## **Trustees’ Report For the Year Ended 31 March 2022**
The Trustees recognise that, as the country learns to live with Covid‐19, and the NLHF project progresses, further factors may arise and will undertake further reviews from time to time.
## **TRUSTEES RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENT**
The Charity’s 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 Charitie’s Trustees are required to prepare financial statements for each year which give a true and fair view of the state of affairs of the CIO and the incoming resources and application of resources, including the income and expenditure, of the Charity for that period. In preparing the financial statements, the Trustees are required to:
1. select suitable accounting policies and then apply them consistently;
2. observe the methods and principles in the Charities SORP;
3. make judgements and estimates that are reasonable and prudent; 4. state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
5. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity. They are also responsible for safeguarding the assets of the Charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the Charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
This report was approved by the Board of Trustees on __________________ 24 November 2022
And signed on its behalf by: __________________________
Jeff Dean
Trustee and Chair
7
## **GATEWAY STUDIO CIO**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES**
For the year ended 31 March 2022
I report on the financial statements of Gateway Studio CIO for the year ended 31 March 2022, which are set out on pages 9 to 20.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently 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 material matters have come to my attention which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than if the requirements that the accounts give a "true and fair" view which is not a matter considered as part of an independent examination.
I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jim Dodds C/o Connected Voice Business Services Ltd Higham House Higham Place Newcastle upon Tyne NE1 8AF Date:24 November 2022
8
## **GATEWAY STUDIO CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES**
For the year ended 31 March 2022
|6
6
7
**Expenditure on:**
8
8
**_Total funds carried forward_**
**Reconciliation of funds**
Total funds brought forward
**_Net income/(expenditure) and net_**
**_movement of funds_**
Notes
**_Total income_**
Donations and legacies
**Income from:**
Investments
Charitable activities
Grants and contracts
Raising funds
Operation of the charity
**_Total expenditure_**
Charitable activities|Unrestricted
Funds
£
1,010
81,133
3
82,146
3,000
82,719
85,719
( 3,573 )
18,017
14,444|Restricted
Funds
£
-
46,364
-
46,364
7,250
80,951
88,201
( 41,837 )
76,713
34,876|**Total**
**2022**
**£**
**1,010**
**127,497**
**3**
**128,510**
**10,250**
**163,670**
**173,920**
**( 45,410 )**
**94,730**
**49,320**|Total
2021
£|
|---|---|---|---|---|
|||||1,514
309,902
26|
|||||311,442|
|||||-
216,712|
|||||216,712|
|||||94,730
-|
|||||94,730|
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 11 to 20 form an integral part of these accounts.
9
Charity Number 1186728
## **GATEWAY STUDIO CIO**
## **BALANCE SHEET**
As at 31 March 2022
|**£**
**Fixed assets**
Tangible assets
14
**_Total fixed assets_**
**Current assets**
Debtors
15
17,108
Cash at bank and in hand
16
111,568
**_Total current assets_**
**128,676**
**Creditors:**amounts falling due within
one year
17
**( 80,308 )**
**_Net current assets_**
**_Total assets less current liabilities_**
**_Total net assets or liabilities_**
**Funds of the charity**
Unrestricted income funds
Restricted income funds
**_Total funds_**
and are signed on its behalf by:
These financial statements were approved by the Board on:
Notes
Jeff Dean
Trustee and Chair
The notes on pages 11 to 20 form an integral part of these accounts.|**£**
**Fixed assets**
Tangible assets
14
**_Total fixed assets_**
**Current assets**
Debtors
15
17,108
Cash at bank and in hand
16
111,568
**_Total current assets_**
**128,676**
**Creditors:**amounts falling due within
one year
17
**( 80,308 )**
**_Net current assets_**
**_Total assets less current liabilities_**
**_Total net assets or liabilities_**
**Funds of the charity**
Unrestricted income funds
Restricted income funds
**_Total funds_**
and are signed on its behalf by:
These financial statements were approved by the Board on:
Notes
Jeff Dean
Trustee and Chair
The notes on pages 11 to 20 form an integral part of these accounts.|**Total**
**2022**
**£**
**£**
953
**953**
101,204
14,145
**115,349**
**( 22,524 )**
**48,368**
**49,320**
**49,320**
14,444
34,876
**49,320**
24 November 2022|**Total**
**2021**
**£**|
|---|---|---|---|
||||1,905|
||||**1,905**
**92,825**|
||||**94,730**|
||||**94,730**|
||||18,017
76,713|
||||**94,730**|
|||||
|||||
|||||
10
**NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## **GATEWAY STUDIO CIO**
## 1 **Accounting Policies**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## 2 **Basis of accounting**
## 2.1 **Basis of preparation**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with 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 (FRS 102) (effective 1 January 2019) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Gateway Studio CIO meets the definition of a public benefit entity under FRS 102.
## 2.2 **Preparation of the accounts on a going concern basis**
The charity reported total unrestricted funds at the yearend £14,444 of and has already secured a significant amount of funding for the current year. The financial statements have been prepared on a going concern basis. In making their assessment the trustees have reviewed and considered relevant information, including their annual budget and future cash flows. In response to the COVID-19 pandemic and its aftermath, the trustees have revised their forecasts to take into account measures that they can take with the current resources available to mitigate the impact of the current adverse conditions. The trustees are of the view that the immediate future of the charity for the next 12 months is secure and that on this basis the charity is a going concern.
## 3 **Income**
## 3.1 **Recognition of income**
Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliability
## 3.2 **Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.
## 3.3 **Grants and donations**
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met.
## 3.5 **Volunteer help**
The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.
11
**NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## **GATEWAY STUDIO CIO**
## 3.6 **Interest receivable**
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.
## 3.7 **Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
## 4 **Expenditure and liabilities**
## 4.1 **Liability recognition**
Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
## 4.2 **Charitable activities**
Expenditure on charitable activities includes the costs of consulting with local communities on health issues and other activities undertaken to further the purposes of the charity and their associated support costs.
## 4.3 **Governance and support costs**
Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.
## 4.4 **Irrecoverable VAT**
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## 4.5 **Creditors**
The charity has creditors which are measured at settlement amounts less any trade discounts.
## 4.6 **Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
## 5 **Assets**
## 5.1 **Tangible fixed assets for use by the charity**
Individual fixed assets costing £100 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:
Fixtures and fittings 15% Straight line Office and computer equipment 25% Straight line
12
## **GATEWAY STUDIO CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## **Analysis of income**
|6
6
7|**Donations and legacies**
Donations
**Charitable activities**
Income from Grants and
Donations
Arts Council England - Culture
Recovery Fund
Esmee Fairbairn
Gateshead Council - COVID Support
National Lottery Heritage Fund
Tyne & Wear Emergency Satellite Club
Income from contracts
Youth Groups
Venue
Merchandise Sales
Durham Diocese
Other Income
Office and Room Rental
**Income from investments**
Arts Council England - Emergency Fund
Creative Projects
Car Parking Rental
Educational Contract
Arts Council England - Elevate
Ticket Sales
Employment allowance
Interest - deposits|Unrestricted
Funds
£
1,010
1,010
-
-
-
-
8,000
-
-
51,514
2,768
-
2,806
-
88
2,812
6,745
2,400
4,000|Restricted
Funds
£
-
-
4,810
-
25,000
16,554
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**2022**
**£**
**1,010**
**1,010**
**4,810**
**-**
**25,000**
**16,554**
**8,000**
**-**
**-**
**51,514**
**2,768**
**-**
**2,806**
**-**
**88**
**2,812**
**6,745**
**2,400**
**4,000**
127,497
**3**
**3**|Total
2021
£|
|---|---|---|---|---|---|
||||||1,514|
||||||1,514|
||||||92,013
18,150
-
-
22,285
96,140
1,080
60,000
1,177
775
7,207
1,155
20
-
6,900
3,000
-|
|||81,133|46,364||309,902|
|||3
3|-
-||26|
||||||26|
Income was £128,510 (2021: £311,442) of which £82,146 was unrestricted or designated (2021: £114,779) and £46,364 was restricted (2021: £196,663).
13
## **GATEWAY STUDIO CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## **Analysis of expenditure on charitable activities**
|8
8|**_Raising funds_**
**_Charitable activities_**
Direct costs
Support costs
HR support
Other overhead cost
Print, postage & stationary
Repairs & maintenance/cleaning
Trinity Capital Development
Statutory fees
Consultation fees
Professional fees
Survey fees
Governance costs
Bookkeeping & payroll fees
Other accountancy services
Net liabilities transferred from
Gateway Studio CIC
Heat & light/water rates
Communication costs
Bank charges
Consultancy Fee
Travel & accommodation
Depreciation
Independent examiner's fees for reporting on
the accounts
Salaries & on costs
Security cost
Legal and professional
Advertising & promotion
Dance tuition cost
Other direct cost
Board expenses and meeting costs
Incurred seeking grants
Insurance|Unrestricted
Funds
£
3,000
3,000
1,478
6,584
3,056
25
92
-
952
4,761
52
2,185
1,529
832
134
47,070
1,574
3,140
1,645
-
-
-
4,004
92
2,014
1,500
-
-
82,719|Restricted
Funds
£
7,250
7,250
-
14,357
-
-
-
-
-
118
633
-
526
-
2,261
52,373
1,040
3,059
-
210
-
3,048
360
-
2,966
-
-
-
80,951|**Total**
**2022**
**£**
**10,250**
**10,250**
**1,478**
**20,941**
**3,056**
**25**
**92**
**-**
**952**
**4,879**
**685**
**2,185**
**2,055**
**832**
**2,395**
**99,443**
**2,614**
**6,199**
**1,645**
**210**
**-**
**3,048**
**4,364**
**92**
**4,980**
**1,500**
**-**
**-**
**163,670**|Total
2021
£|
|---|---|---|---|---|---|
||||||-|
||||||-|
||||||664
27,875
795
-
114
2,205
952
5,161
280
961
348
120
812
90,197
1,690
3,142
220
1,292
6,852
48,434
9,776
648
5,900
840
635
6,799|
||||||216,712|
Expenditure on charitable activities was £173,920 (2021: £216,712) of which £85,719 was unrestricted or designated (2021: £96,762) and £88,201 was restricted (2021: £119,950).
14
## **GATEWAY STUDIO CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## 9 **Fees for examination of the accounts**
|Other accountancy services paid to the examiner
Independent examiner's fees for reporting on the accounts|**2022**
**£**
**1,500**
**-**
**1,500**|2021
£|
|---|---|---|
|||840
540|
|||1,380|
## 10 **Analysis of staff costs and the cost of key management personnel**
|Pension costs (defined contribution pension plan)
Salaries and wages
Social security costs|**2022**
**£**
**88,153**
**9,423**
**1,867**
**99,443**|2021
£|
|---|---|---|
|||82,269
6,402
1,526|
|||90,197|
No employee received remuneration above £60,000 (2021: nil).
The key management personnel of the charity, comprise the Trustees and the Artistic Director (CEO) . The total employee benefits of the key management personnel of the charity were £41,980.
## 11 **Staff numbers**
The average monthly head count was 3 staff (2021: 3 staff) and the average monthly number of full-time equivalent employees during the year were as follows:
|Charitable activities
The parts of the charity in which the employee's work|**2022**
**Number**
3.0
**3.0**|2021
Number|
|---|---|---|
|||3.0|
|||3.0|
## 12 **Transactions with trustees**
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.
## **Trustees' expenses**
No trustee expenses have been incurred in the year.
## **Transaction(s) with related parties**
There have been no related party transactions in the reporting period.
## 13 **Corporation Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.
15
## **GATEWAY STUDIO CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
|14 **Tangible fixed assets**
**Cost**
Balance brought forward
Additions
Disposals
**Balance carried forward**
**Depreciation**
Basis
Rate
Balance brought forward
Depreciation charge for year
Disposals
**Balance carried forward**
**Net book value**
**Brought forward**
**Carried forward**
15 **Debtors and prepayments (receivable within 1 year)**
Accrued Income - National Lottery Heritage Fund
Accrued Income - Arts Council England - Elevate
16
Cash at bank and in hand
**Cash at bank and in hand**
Prepayments
Trade debtors|**IT & Office**
**equipment**
**£**
2,857
-
-
2,857
SL
25%
952
952
-
1,904
1,905
953
**2022**
**£**
**6,547**
**10,030**
**-**
**531**
**17,108**
**2022**
**£**
**111,568**
**111,568**|2021
£
4,595
50,150
46,006
453
101,204
2021
£
14,145
14,145|**Total**
**£**|
|---|---|---|---|
||||**2,857**
**-**
**-**|
||||**2,857**|
||||**952**
**952**
**-**|
||||**1,904**|
|||||
||||**1,905**|
|||||
||||**953**|
|||||
16
## **GATEWAY STUDIO CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## 17 **Creditors and accruals (payable within 1 year)**
|Other accruals
Taxation and social security
Deferred income
Other creditors
Trade creditors
Defined benefit pension liability
Independent examination of accounts
Accruals|**2022**
**£**
**5,302**
**2,538**
**-**
**1,500**
**-**
**-**
**70,968**
**80,308**|2021
£|
|---|---|---|
|||7,307
1,519
2,768
1,080
9,567
283
-|
|||22,524|
## 18 **Deferred income**
Deferred income comprises of advance payments from grants that relate to future periods
|Balance brought forward
Amount released to income earned from
charitable activities
Amount deferred in year
Balance carried forward|**2022**
**£**|
|---|---|
||**-**
**-**
**70,968**|
||**70,968**|
## 19 **Defined contribution pension scheme**
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.
The employer's pension costs represent contributions payable by the charity to the fund and amount to £1,867 (2021: £1,526). There was £0 outstanding as at 31 March 2022 (2021: £283).
## 20 **Events after the end of the reporting period**
No events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.
17
## **GATEWAY STUDIO CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## 21 **Analysis of charitable funds**
## **Analysis of movements in unrestricted funds**
## **For the year ended 31 March 2022**
|**For the year ended 31 March 2022**|||||
|---|---|---|---|---|
|**Fund**
**balances**
**brought**
**forward**
**Unrestricted funds**
£
General unrestricted fund
18,017
**_Totals_**
18,017
**Fund**
**balances**
**brought**
**forward**
**Unrestricted funds**
£
General unrestricted fund
-
**_Totals_**
-
**For the year ended 31 March 2021**|**Incoming**
**resources**
£
82,146
82,146
**Incoming**
**resources**
£
114,779
114,779|**Resources**
**expended**
£
( 85,719 )
(85,719)
**Resources**
**expended**
£
( 96,762 )
(96,762)|**Transfers**
£
-
-
**Transfers**
£
-
-|**Fund**
**balances**
**carried**
**forward**
**£**|
|||||**14,444**|
|||||**14,444**|
|||||**Fund**
**balances**
**carried**
**forward**
**£**|
|||||**18,017**|
|||||**18,017**|
## **Purpose of unrestricted funds**
General unrestricted fund The 'free reserves' of the charity.
## **Analysis of movement in restricted funds**
## **For the year ended 31 March 2022**
|**Restricted funds**
Arts Council England - Elevate
National Lottery Heritage Fund
Trinity Project
Arts Council England - Culture
Recovery Fund
Esmee Fairbairn Foundation
**_Totals_**|**Fund**
**balances**
**brought**
**forward**
£
39,854
36,859
-
-
76,713|**Incoming**
**resources**
£
4,810
-
25,000
16,554
46,364|**Resources**
**expended**
£
( 43,029 )
( 3,618 )
( 25,000 )
( 16,554 )
(88,201)|**Transfers**
£
-
-
-
-
-|**Fund**
**balances**
**carried**
**forward**
**£**|
|---|---|---|---|---|---|
||||||**1,635**
**33,241**
**-**
**-**|
||||||**34,876**|
18
## **GATEWAY STUDIO CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## 21 **Analysis of charitable funds** _(continued)_
## **For the year ended 31 March 2021**
|**Restricted funds**
Arts Council England - Elevate
National Lottery Heritage Fund
Trinity Project
**_Totals_**|**Fund**
**balances**
**brought**
**forward**
£
-
-
-|**Incoming**
**resources**
£
92,013
104,650
196,663|**Resources**
**expended**
£
( 52,159 )
( 67,791 )
(119,950)|**Transfers**
£
-
-
-|**Fund**
**balances**
**carried**
**forward**
**£**|
|---|---|---|---|---|---|
||||||**39,854**
**36,859**|
||||||**76,713**|
## **Purpose of restricted funds**
Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.
Arts Council England - Elevate
National Lottery Heritage Fund Trinity Project
Arts Council England - Culture Recovery Fund
Esmee Fairbairn Foundation
Funding towards the cost of organisation development.
Funding from National Lottery Heritage Fund and Arts Council England Emergency Fund towards the development phase of a project to buy and convert the Trinity Centre into a centre of arts, heritage and community.
Funding to ensure the charity remains stable and robust in the face of the Covid-19 pandemic allowing for investment in Covid-19 staff and participant safety and cleaning equipment. Further investment in dance provision delivery equipment was made for post pandemic.
To fund the creation and recruitment of new positions within the charity to further its reach, capacity, and scope of its charitable objectives and activities.
## 22 **Capital commitments**
As at 31 March 2022, the charity had no capital commitments (2021 -£nil).
## 23 **Analysis of net assets between funds**
|**nalysis of net assets between funds**||||
|---|---|---|---|
|Tangible fixed assets
Other net current assets/(liabilities)
Cash at bank and in hand|Unrestricted
Funds
£
953
66,662
( 53,170 )
14,444|Restricted
Funds
£
-
44,906
( 10,030 )
34,876|**Total**
**2022**
**£**|
||||**953**
**111,568**
**( 63,200 )**|
||||**49,320**|
19
## **GATEWAY STUDIO CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## 23 **Analysis of net assets between funds** ( _continued_ )
|**nalysis of net assets between funds**(_continued_|)|||
|---|---|---|---|
|Cash at bank and in hand
Other net current assets/(liabilities)
Tangible fixed assets|Unrestricted
Funds
£
1,905
14,145
1,967
18,017|Restricted
Funds
£
-
-
76,713
76,713|**Total**
**2021**
**£**|
||||**1,905**
**14,145**
**78,680**|
||||**94,730**|
## 24 **Guarantee**
There have been no guarantees given by the charity at 31 March 2022.
## 25 **Debt**
There is no debt outstanding which is owed by the charity and which is secured by an excess charge on any of the assets of the charity at 31 March 2022.
## 26 **Governing document**
The organisation is a Charitable Incorporated Organisation - Foundation registered on 04 December 2019 as a body corporate under part 11 of the Charities Act 2011.
20