THE GATE READING

Registered charity 1132037 · accounts filings on the Charity Commission register · also known as READING COMMUNITY CHURCH

The church undertakes to work with people of all ages to relate to and serve the local community and to further the Christian faith.

Objects

THE PRINCIPAL PURPOSES OF THE CHURCH ARE:-1. THE ADVANCEMENT OF THE CHRISTIAN FAITH ACCORDING TO THE PRINCIPLES OF THE BAPTIST DENOMINATION IN THE UNITED KINGDOM AND/OR OTHER PARTS OF THE WORLD AS THE CHARITY TRUSTEES THINK FIT;2. THE ADVANCEMENT OF EDUCATION IN THE UNITED KINGDOMAND/OR OTHER PARTS OF THE WORLD AS THE CHARITY TRUSTEES THINKFIT; AND3. THE RELIEF OF THOSE IN NEED BY REASON OF YOUTH , AGE, ILL-HEALTH,DISABILITY, FINANCIAL HARDSHIP OR OTHER DISADVANTAGE IN THEUNITED KINGDOM AND/OR WORLD AS THE CHARITY TRUSTEES THINK FIT.

Area of benefit: THE UNITED KINGDOM AND/OR OTHER PARTS OF THE WORLD

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: General Charitable Purposes · Education/training · The Prevention Or Relief Of Poverty · Religious Activities · website · Get email alerts

Latest income
£631k
Latest spending
£444k
Registered
2009
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted funds totalled £4,860,764 at year-end, while the charity's reserves policy targets maintaining three to six months of expenditure. The trustees note that this target level was not maintained continuously due to cash-flow pressures from a building project, but reserves are beginning to recover. The charity has significant long-term liabilities of £1,534,134, primarily consisting of loans from the Baptist Union and the congregation.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Donations and legacies (99% of income)
“Donations and legacies 2 355,482 271,345 626,827”
Per its FY2025 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £4.9m; policy: three and six month’s expenditure)
“This level of reserves was not maintained continuously throughout the year due to cash-flow pressures from the building project, however they are beginning to recover.”
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: Mr Yinka Oyekan received a salary of £45,244 and Mr Gareth Owen received a salary of £30,298.
“Mr Yinka Oyekan received a salary of £45,244 (2024 - £45,244) and Mr Gareth Owen received a salary of £30,298 (2024 - £30,298).” — page 19
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donation to Barnabas Fellowship of Churches
“The church is associated with Barnabas Fellowship of Churches, to which it donated £11,880 during the year, (2024 £19,992). Gareth Owen is a trustee and 4 staff members received retainers form BFOC for their work.” — page 24
“The Gate Reading church is associated with The Gate Building Development Company Ltd (company number: 12272715) with a common director. The church has contracted with the company in relation to the redevelopment of its site in Reading. Payments made to TGBDC during the year amounted to £22,547 (2024: £128,868).” — page 24
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Payments to The Gate Building Development Company Ltd
“The church is associated with Barnabas Fellowship of Churches, to which it donated £11,880 during the year, (2024 £19,992). Gareth Owen is a trustee and 4 staff members received retainers form BFOC for their work.” — page 24
“The Gate Reading church is associated with The Gate Building Development Company Ltd (company number: 12272715) with a common director. The church has contracted with the company in relation to the redevelopment of its site in Reading. Payments made to TGBDC during the year amounted to £22,547 (2024: £128,868).” — page 24
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Rent and services from Love Your Community
“The church is associated with Barnabas Fellowship of Churches, to which it donated £11,880 during the year, (2024 £19,992). Gareth Owen is a trustee and 4 staff members received retainers form BFOC for their work.” — page 24
“The Gate Reading church is associated with The Gate Building Development Company Ltd (company number: 12272715) with a common director. The church has contracted with the company in relation to the redevelopment of its site in Reading. Payments made to TGBDC during the year amounted to £22,547 (2024: £128,868).” — page 24
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Loans from Trustees
“The church is associated with Barnabas Fellowship of Churches, to which it donated £11,880 during the year, (2024 £19,992). Gareth Owen is a trustee and 4 staff members received retainers form BFOC for their work.” — page 24
“The Gate Reading church is associated with The Gate Building Development Company Ltd (company number: 12272715) with a common director. The church has contracted with the company in relation to the redevelopment of its site in Reading. Payments made to TGBDC during the year amounted to £22,547 (2024: £128,868).” — page 24
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Bruton Charles. Discloses 5 of 6 completeness components.

In its annual return the charity told the Commission it is also regulated by: Ofsted (Office For Standards In Education). This is the charity’s own declaration; it is not a rating and has not been verified by the Commission or by this site.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Public profiles (found on the charity’s own website): facebook

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

Total income
£631k
Total spending
£444k
Reserves (reported)
£106k
Employees
5

Reported reserves equal ~2.9 months of spending — below the median for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (99% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: Reading

Income and spending

Financial year endIncomeSpending
31/07/2025£631k£444k
31/07/2024£609k£512k
31/07/2023£2.0m£425k
31/07/2022£486k£295k
31/07/2021£447k£228k

Common questions

Is THE GATE READING financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted funds totalled £4,860,764 at year-end, while the charity's reserves policy targets maintaining three to six months of expenditure. The trustees note that this target level was not maintained continuously due to cash-flow pressures from a building project, but reserves are beginning to recover. The charity has significant long-term liabilities of £1,534,134, primarily consisting of loans from the Baptist Union and the congregation. Its FY2025 accounts were audited by Bruton Charles.