Gateway Fareham LTD
To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the said location.Advancememt of Christian Faith
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £8,875 for the year, resulting in a decrease in total funds from £618,771 to £609,896. Unrestricted reserves stood at £84,494, which the trustees confirmed were maintained in accordance with their policy target of two months' expenses (£30,000). The charity operates a defined contribution pension scheme and has no defined benefit deficit.
What the accounts disclose
“A minimum level of reserves is set at two months’ worth of expenses which is £30,000.”
“Mr Hammett's wife is renting a room at the church for her counselling services since February 2024. Mrs Hammett paid £50 in the year for room hire.” — page 20
Property (HM Land Registry)
Trustees
- Andrew Martin Williams
- Danae Morgan
- Daniel John Barnes
- Dr Oluwafolajimi Fadahun
- Helen Vera Jones
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £191k | £200k |
| 31/03/2024 | £194k | £184k |
| 31/03/2023 | £204k | £197k |
| 31/03/2022 | £209k | £201k |
| 31/03/2021 | £211k | £188k |
Common questions
Is Gateway Fareham LTD financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £8,875 for the year, resulting in a decrease in total funds from £618,771 to £609,896. Unrestricted reserves stood at £84,494, which the trustees confirmed were maintained in accordance with their policy target of two months' expenses (£30,000). The charity operates a defined contribution pension scheme and has no defined benefit deficit. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 26/08/2010 | £10k | Open4Community |