THE GATE READING
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.
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.
What the accounts disclose
“Donations and legacies 2 355,482 271,345 626,827”
“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.”
“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
“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
“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
“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
“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
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- YINKA OYEKANchair
- Alastair Mitchell Baker
- GARY JAMES BOWDEN
- Gareth Owen
- Marjorie Lewis
- Rebecca Claire Baker
- Wai Shun Lee
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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.