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2024-12-31-accounts

GATEWAY CHRISTIAN FELLOWSHIP

Gateway Christian Fellowship 2024 Accounts
Receipts Payments
Opening Balance 5,404.54 Minister
Adjustment to 2023 closingbalance- error in 2023 entry 0.10 Salary 7,726.13
Freewill Offering- envelopes 6,260.00 PAYE Income Tax,Employer's & Employee's NI 1,253.56
Freewill Offering- bank transfers 24,526.05 Pension 1,149.00
Cash in collection 321.86 HousingAllowance 600.00
Donations from individuals 1,595.00 Pulpit Supply& Mileage 3,062.00
Payments received for minister's retirement meal andgift 725.00 RP Minister's Conference 110.00
Returnedpayment from minister'spensionprovider 160.00 Retirement Gifts for Stephen Neilly 385.00
Payments from wider church Retirement Meal for Stephen Neilly- Maldron Hotel 330.00
Covenant FellowshipGalway (€2,000) 1,630.00 16 Claremont Manse
Mission Committee- Home Section- contribution to rent 5,000.00 Rates 944.52
TrinityRP Church- contribution to fit-out 2,500.00 Buildings Insurance 417.66
Dervock RP Church-general contribution 200.00 Management CompanyService Charge 295.00
Western Presbytery- loan for buildingwork 20,000.00 Repairs-plumbingand roof 575.00
Gateway Shop Sales New Gas Boiler 2,100.00
Sales bycard 4,661.16 BuildingControl Certificate for Boiler 101.92
Sales bycash 2,133.03 Meeting place - 13a Pump Street
Other Building Fit-out
Rates refund on sale ofproperty 396.53 BuildingWork 3,816.00
Manse sale- 16 Claremont Manse Electrical Work 4,800.00
Saleprice: £278,000 Suspended Ceiling 1,824.00
Church share- 4/7 of net saleproceeds 156,006.03 Kitchen 2,770.00
Fridge,Dishwasher and Microwave Oven 670.99
Mechanical Ventilation System 2,244.00
Carpet 1,470.00
Signs 925.00
BuildingControl Application Fee 291.92
Paint and tiles 209.86
Furniture/Fittings- Church meetingarea 1,191.28
Furniture/Fittings- Shop 2,097.28
Building Running costs
Rent(£15,000per annum- firstquarter rent free) 11,250.00
Service Charge and Buildings Insurance contibution 683.83
Internet 393.10
Gas Boiler Servicing 60.00
Fire equipment and alarm checks 431.35
Electricity 431.33
Contents insurance 47.78
Toiletries 15.07
Shop Stock
Covenanter Bookshop- Christian Books 1,400.00
Other stockpurchased 4,959.05
Literature and Advertising
Leaflets,outreach literature and calendars 184.86
PresbyteryFinancial Reports 65.00
Minutes of Synod 14.00
Sabbath School Materials 130.15
Bible ReadingNotes 74.00
Bible studybooks 163.80
Other Expenses
Public & Employer's LiabilityInsurance 702.96
Bank Fees 340.18
Donaldson & Thompson Accountants- Payroll 172.80
Website costs 72.00
Payments to Wider Church
RP Synod Missions Target 1,430.00
RP Synod MinistryTarget 1,260.00
Other Payments
Diaconal assistance in case of need 364.00
Gift to member movingaway 19.99
Manse Sale- 16 Claremont Manse
Repayment of loan to Western Presbytery
Entire 4/7 of net saleproceeds received 156,006.03
Closing balance at 31 December 2024 9,487.90
£231,519.30 £231,519.30

GATEWAY CHRISTIAN FELLOWSHIP

Gateway Christian Fellowship
Statement of Assets and Liabilities
Year Ended 31 December 2024
Unrestricted Total
Funds 2024
£ £
Funds Reconciliation
Cash at bank as at 1 January2024 5,404.45 5,404.45
Surplus thisyear end 4,083.45 4,083.45
Cash at bank as at 31 December 2024 9,487.90 9,487.90
Bank Balance
Bank Current Account 9,487.90
Assets retained for the charity's own use(Unrestricted Fund)
4/7 Share in 16 Claremont Manse,Derry 80,000.00
Disposal of 4/7 Share in 16 Claremont Manse,Derry -80,000.00
0.00
Fixtures and Fittings 6,700.00
Shopstock 6,500.00
13,200.00
Liabilities(Unrestricted Fund)
Loan from RPCI Western Presbyteryforproperty 80,000.00
Interest on loan charged in 2024 relatingtoperiod from 2025 to 2024 76,006.03
Loan from RPCI Western Presbyteryfor shopfit-out 20,000.00
Total Liabilities 176,006.03
Loan and interest repayment- 16 Claremont Manse -156,006.03
20,000.00