GATE WAY TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity generated a surplus of £87,908 for the period, with total income rising significantly to £410,803. Free unrestricted reserves stood at £81,169, which the trustees note covers approximately 2.5 months of expenditure. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“We aim to have £100,000 by year the end of year 2. This will ensure that the cost of running SHP and any connected projects are covered for a period of 3 months initially.”
“During the period to 31 March 2024, one trustee donated £1,000 to the charity (2023: £nil). There were no conditions on the donation.” — page 28
Trustees
- Mr Jeff Macbethchair
- Adam Roberts
- Anthony Gordon Priest
- Damian Piatkowski
- TRACEY ANN WILLS
- Tommy Rutter
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £480k | £475k |
| 31/03/2024 | £411k | £323k |
| 28/02/2023 | £12k | £17k |
| 28/02/2022 | £290 | £6k |
| 28/02/2021 | £5k | £4k |
Common questions
Is GATE WAY TRUST financially healthy?
The accounts state that the charity generated a surplus of £87,908 for the period, with total income rising significantly to £410,803. Free unrestricted reserves stood at £81,169, which the trustees note covers approximately 2.5 months of expenditure. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED | 1 | £16k |
| THE ANCHOR FOUNDATION | 1 | £4k |