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GATEWAY MINISTRIES

Registered charity 1108898 · accounts filings on the Charity Commission register · also known as GATEWAY CHAPEL

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Latest income
£1.2m
Latest spending
£1.0m
Registered
2005
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves stood at £888,403, which the trustees confirm meets and exceeds their policy target of 3 to 6 months of expenditure. The charity reports a net income surplus of £172,221 for the year, funded primarily by voluntary donations, and the auditors issued an unqualified opinion on the financial statements.

What the accounts disclose

Reserves policy: three to six months of expenditure (held: £888k)
“It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the expenditure.” — page 10
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Lease rental paid to Citywall Associates Limited, a company where a director (Pastor Eddie Iduoze) is also the Minister-in-charge of the charity.
“In the year under review, the sum of £53,856 was paid as lease rental to Citywall Associates Limited for the use of the worship centre on 10 Kennet Road, Crayford. DA1 4QN. Citywall Associates is the lessor of the property under an operating lease arrangement. It is however worth mentioning that a director of the lessor, Pastor Eddie Iduoze, is also the Minister-in-charge of Gateway Ministries.” — page 9
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Bayar Hughes & Co Limited. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/07/2025)

Total income
£1.2m
Total spending
£1.0m
Reserves (reported)
£888k
Employees
3

Reported reserves equal ~10.2 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Bexley · City Of London · Kent · Nigeria

Income and spending

Financial year endIncomeSpending
31/07/2025£1.2m£1.0m
31/07/2024£1.1m£1.0m
31/07/2023£896k£968k
31/07/2022£830k£758k
31/07/2021£699k£473k

Common questions

Is GATEWAY MINISTRIES financially healthy?

The accounts state that unrestricted reserves stood at £888,403, which the trustees confirm meets and exceeds their policy target of 3 to 6 months of expenditure. The charity reports a net income surplus of £172,221 for the year, funded primarily by voluntary donations, and the auditors issued an unqualified opinion on the financial statements. Its FY2025 accounts were audited by Bayar Hughes & Co Limited.