THE GATE CHURCH
Financial health, per its FY2024 accounts
The accounts state that the charity reported an overall surplus of £18,304.41 for the year ended 31 March 2024, with cash balances of £59,622.81 at year-end. Per the trustees' report, the level of General Funds is slightly more than three months' costs, aligning with their stated reserves policy target. The surplus was attributed to generous end-of-year gifts and backdated gift aid claims.
What the accounts disclose
“The Trustees are committed to establishing a level of reserves for General Funds that will cover three months’ costs” — page 3
“However one Trustee, acting in the year to 31 March 2024, was remunerated for his work as an Elder of the Church throughout the year and from 24 March 2024 another employee of the church who is remunerated for his work as a Local Outreach Worker was appointed a Trustee and Elder.” — page 1
Trustees
- JONATHAN RICHARDSchair
- Jonathan Matthew Ivey
- Manus Chin-Kiu Wong
- Micah Joel Deegan
- Yong Jett Chong
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £116k | £117k |
| 31/03/2024 | £118k | £106k |
| 31/03/2023 | £110k | £107k |
| 31/03/2022 | £92k | £106k |
| 31/03/2021 | £80k | £89k |
Common questions
Is THE GATE CHURCH financially healthy?
The accounts state that the charity reported an overall surplus of £18,304.41 for the year ended 31 March 2024, with cash balances of £59,622.81 at year-end. Per the trustees' report, the level of General Funds is slightly more than three months' costs, aligning with their stated reserves policy target. The surplus was attributed to generous end-of-year gifts and backdated gift aid claims. Its FY2024 accounts were independently examined.
Who funds THE GATE CHURCH?
Funders whose own accounts filings name THE GATE CHURCH as a grant recipient include THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED, THE ANCHOR FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED | FY2023 | £16k |
| THE ANCHOR FOUNDATION | FY2023 | £4k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREYFRIARS READING | 1 | £24k |
| BERKSHIRE COMMUNITY FOUNDATION | 1 | £10k |
| REGIONS BEYOND UK | 1 | £3k |
| THE BISHOP RADFORD TRUST | 1 | £2k |
| THE EARLEY CHARITY | 1 | £2k |