GATEWAY BAPTIST CHURCH
Financial health, per its FY2024 accounts
The accounts state that the charity operated with a surplus of £29,610 for the year ended 31 December 2024, with total income of £140,310 against expenditure of £110,700. Per the trustees' report, unrestricted reserves stood at £114,354, which is above the stated policy target of approximately £40,000. The charity holds no borrowing and maintains significant tangible fixed assets valued at £673,109.
What the accounts disclose
“a cash flow balance in the general fund of 2 to 3 months expenditure, with an additional £10,000 set aside for emergency building works, provides an adequate reserve. Currently this amounts to about £40,000.”
“The Minister acts as one of the church's trustees in accordance with the Trust deed and received remuneration and other benefits in respect of his services as Minister, including the provision of manse accommodation owned by the Church.” — page 22
“Gateway also provides premises for team meetings such as the AGM free of charge which is a great help and blessing to us.” — page 9
Trustees
- Alan David Partridge
- Carol Lindsay
- Crispin Michael Rogers
- David Kevan Salisbury
- Nicola Elizabeth Cooper
- Rev Stephen Antony Hobbis
- Tim Coffey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £140k | £111k |
| 31/12/2023 | £127k | £127k |
| 31/12/2022 | £105k | £99k |
| 31/12/2021 | £120k | £114k |
| 31/12/2020 | £95k | £75k |
Common questions
Is GATEWAY BAPTIST CHURCH financially healthy?
The accounts state that the charity operated with a surplus of £29,610 for the year ended 31 December 2024, with total income of £140,310 against expenditure of £110,700. Per the trustees' report, unrestricted reserves stood at £114,354, which is above the stated policy target of approximately £40,000. The charity holds no borrowing and maintains significant tangible fixed assets valued at £673,109. 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 |