Charity registration number 1102206 (England and Wales)
Company registration number 05014909
EASTGATE (KENT) LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
EASTGATE (KENT) LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
David Stevens
Hugh Richard
Akinsola Osibodu
Dennis Scudder
Paul Bungay
Secretary
Dennis Scudder
Executive Church Leadership Team
Peter Carter
Kim Carter
David Stevens
Elizabeth Smallwood
Paul Bungay
Stephanie Cox
Dave Foggon
Charity number (England and Wales)
1102206
Company number
05014909
Principal address
Eastgate
141 Springhead Parkway
Northfleet
Gravesend
Kent
DA11 8AD
Registered office
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
Independent examiner
Colin Dadswell FCA FCCA DChA
Caladine Limited
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
Bankers
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Barclays
Leicestershire
LE87 2BB
EASTGATE (KENT) LTD
CONTENTS
Page
Trustees' report
1 - 5
Independent examiner's report
6
Statement of financial activities
7
Statement of financial position
8
Statement of cash flows
9
Notes to the financial statements
10 - 28
EASTGATE (KENT) LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The trustees present their report and accounts for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

The principal objectives of Eastgate (Kent) Ltd are that of the advancement of the Christian Faith in the UK and Overseas; the advancement of the public benefit of religious and other education, and the relief of the aged, poor, sick and disabled.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. All of the many and varied activities of Eastgate as described in this report are available to, and for the benefit of, the public across the complete age spectrum, including children, teenagers and adults. Therefore, the trustees believe that Eastgate fully complies with the requirements of the Charities Act 2011 with respect to public benefit.

Achievements and performance

Eastgate exists to ignite a passion for Jesus in its members by facilitating encounters with the manifest presence of the Holy Spirit, resulting in lives being saved and transformed.

 

Our ongoing mission is to build a vibrant, thriving church—full of radical disciples living out their faith together as family.

 

Our Home:

Our base, also called Eastgate, is a Christian worship facility and community hub located at 141 Springhead Parkway, Northfleet. The building comprises a 500-seater auditorium on the first floor and a ground floor that includes a welcome area, coffee shop, meeting rooms, and office space.

 

These facilities are used for both church activities and a wide range of community and commercial events. In December 2024 Dean and Mel Thatcher stepped down from running the Coffee Shop, we would like to thank them for all their hard work since they opened in 2014. We were delighted to welcome the new team of Mariella Padilla and Nassra Zajia who opened the Garden City Café in January 2024. The café remains open to the public and is a well-used meeting place for visitors, building users, and staff.

 

Key Events and Activities:

Following the celebrations of our 10th anniversary in the building in December 2023 and early 2024, we entered our 11th year with renewed vision and focus. We continue to reflect on all that God has done while actively planning for the next decade.

 

Children, Youth & Families:

We offer three Sunday morning groups for children (0–3s, 4–5s, and 6–11s), and two youth groups for those in secondary education (11–18s).

EASTGATE (KENT) LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

 

Discipleship and Connection:

 

 

Events and Conferences Hosted:

 

Throughout the year, we were privileged to host a variety of events and guest speakers, including:

 

 

Community Engagement:

 

We continue to play an active role in the local community:

 

 

Our facilities also host a range of regular external groups including Rainbows and Brownies, Zappa Performing Arts, Pilates and Kumon tutoring.

 

Local Partnerships:

We continue to develop strong relationships with Springhead Park Primary School, directly opposite Eastgate. We are thankful for their continued partnership in allowing us to use their hall for our older children’s Sunday group.

 

Social Action and Wellbeing:

 

EASTGATE (KENT) LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -

Eastgate’s School of Spiritual Life:

Financial review

The Trustees and Executive Leadership Team continue to monitor our finances closely.

 

We are pleased to report that for the financial year ending 31 March 2025, the unrestricted fund showed a surplus of £198,903. The building fund continues to manage the bank loan interest, depreciation, and related transactions, with a balance of £251,098 remaining at year end.

 

During the year, Eastgate received £106,929 through targeted offerings toward reducing the bank loan originally taken out to construct the building. This entire amount has been paid directly against the loan.

 

Reserves:

The Trustees maintain a prudent reserves policy designed to protect against unexpected reductions in income. Based on the diverse nature of our income (donations, rentals, events and School of Spiritual Life), the Trustees have agreed that a reserve of £231,500 is an appropriate target. As of 31 March 2025, unrestricted reserves stood at £370,222.

 

We have also taken into account ongoing financial pressures, including:

 

These challenges were anticipated in our budgeting, and we are pleased to report that reserves remain strong. Staffing remains one of our largest areas of expenditure. Where staff have left, the leadership team has reviewed whether roles need to be replaced in line with strategic priorities.

 

After setting deficit budgets in recent years, we have been able to set a balanced budget for the year ahead.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for the Future

As we continue into our second decade at Springhead Parkway, we remain committed to our vision:

"To be a regional catalyst for bringing Heaven to Earth."

We aim to:

Financially, we will:

Structure, governance and management

Eastgate (Kent) Ltd is a company limited by guarantee (Company No. 5014909), incorporated on 14 January 2004, and a registered charity (Charity No. 1102206). It is governed by its Memorandum and Articles of Association.

EASTGATE (KENT) LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

 

David Stevens
Hugh Richard
Akinsola Osibodu
Dennis Scudder
Paul Bungay
Executive Leadership Team (during the year):
Peter Carter
Kim Carter
David Stevens
Elizabeth Smallwood
Paul Bungay
Stephanie Cox
Dave Foggon

None of the Trustees hold a beneficial interest in the company. The members of the company are the Executive Church Leadership Team, each of whom guarantees to contribute £1 in the event of winding up.

 

Eastgate (Kent) Ltd owns the leasehold of Eastgate, the building from which we operate.

 

We would like to thank Kim Carter for a her many years of faithful service. At the end of December 2024, she retired and stepped down from the executive leadership team. We celebrated and thanked her as a church family in February 2025.

 

The Executive Leadership Team meets frequently to discuss and oversee the affairs of Eastgate, working alongside other staff and volunteers to fulfil the charity’s vision and objects.

 

Trustees are appointed by the Executive Leadership Team with approval from current Trustees. The Trustees met four times during the year and were regularly consulted on key matters.

Statement of trustees' responsibilities

The trustees, who are also the directors of Eastgate (Kent) Ltd for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

- select suitable accounting policies and then apply them consistently;

- observe the methods and principles in the Charities SORP;

- make judgements and estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

EASTGATE (KENT) LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -

The trustees' report was approved by the Board of Trustees.

David Stevens
Trustee
Dated: 19 November 2025
EASTGATE (KENT) LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF EASTGATE (KENT) LTD
- 6 -

I report to the trustees on my examination of the financial statements of Eastgate (Kent) Ltd (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Colin Dadswell FCA FCCA DChA
Caladine Limited
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
20 November 2025
EASTGATE (KENT) LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
As restated
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
3
630,317
108,855
739,172
678,394
165,195
843,589
Charitable activities
4
150,635
10,000
160,635
185,047
10,000
195,047
Other trading activities
5
38,296
-
38,296
75,268
-
75,268
Investments
6
7,287
-
7,287
6,702
-
6,702
Other income
7
46,088
-
46,088
46,696
-
46,696
Total income
872,623
118,855
991,478
992,107
175,195
1,167,302
Expenditure on:
Charitable activities
8
738,395
203,968
942,363
847,083
218,203
1,065,286
Total expenditure
738,395
203,968
942,363
847,083
218,203
1,065,286
Net income/(expenditure)
134,228
(85,113)
49,115
145,024
(43,008)
102,016
Transfers between funds
23
64,675
(64,675)
-
124,112
(124,112)
-
Net movement in funds
11
198,903
(149,788)
49,115
269,136
(167,120)
102,016
Reconciliation of funds:
Fund balances at 1 April 2024
As originally reported
1,345,502
435,607
1,781,109
1,121,966
602,727
1,724,693
Prior year adjustment
45,600
-
45,600
-
-
-
As restated
1,391,102
435,607
1,826,709
1,121,966
602,727
1,724,693
Fund balances at 31 March 2025
1,590,005
285,819
1,875,824
1,391,102
435,607
1,826,709

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

EASTGATE (KENT) LTD
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
31 March 2025
- 8 -
As restated
2025
2024
Notes
£
£
£
£
Fixed assets
Property, plant and equipment
15
2,446,887
2,513,414
Investments
16
1
1
2,446,888
2,513,415
Current assets
Trade and other receivables
17
48,004
96,107
Cash at bank and in hand
398,855
423,554
446,859
519,661
Current liabilities
19
(131,186)
(161,030)
Net current assets
315,673
358,631
Total assets less current liabilities
2,762,561
2,872,046
Non-current liabilities
18
(886,737)
(1,045,337)
Net assets
1,875,824
1,826,709
The funds of the charity
Restricted income funds
23
285,819
435,607
Unrestricted funds
24
1,590,005
1,391,102
1,875,824
1,826,709

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 19 November 2025
David Stevens
Dennis Scudder
Trustee
Trustee
Company registration number 05014909 (England and Wales)
EASTGATE (KENT) LTD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
As restated
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
28
113,335
125,832
Investing activities
Purchase of property, plant and equipment
-
(3,156)
Proceeds from disposal of property, plant and equipment
188
1,096
Investment income received
7,287
6,702
Net cash generated from investing activities
7,475
4,642
Financing activities
Repayment of bank loans
(145,509)
(187,742)
Net cash used in financing activities
(145,509)
(187,742)
Net decrease in cash and cash equivalents
(24,699)
(57,268)
Cash and cash equivalents at beginning of year
423,554
480,822
Cash and cash equivalents at end of year
398,855
423,554
EASTGATE (KENT) LTD
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
1
Accounting policies
Company information

Eastgate (Kent) Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Chantry House, 22 Upperton Road, Eastbourne, East Sussex, BN21 1BF. The charity operates from 141 Springhead Parkway. Northfleet, Gravesend, Kent, DA11 8AD

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.

Grants are recognised in full in the Statement of Financial Activities in the year in which they are receivable.

Conference and Ministry School fees are allocated to the period in which the event or school term occurs. Advances delegate fees received are included as deferred income in the balance sheet.

EASTGATE (KENT) LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies (Continued)
- 11 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Resources expended are recognised in the period in which they are incurred and allocated to the particular cost centre to which they relate. Resources expenses include irrecoverable VAT.

 

Expenditure on conferences which occur after the period end are included as prepayments in the statement of financial position, thus matching the accounting treatment for income.

 

Support and governance costs directly related to School of Spiritual Life and Training and Equipping have been charged to these activities. All general support costs are apportioned between the activities as follows:

 

Church activities        77%

School of Spiritual Life    20%

Training and Equipping    3%

1.6
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings
2% on a straight line basis
Fixtures, fittings and equipment
20% on a straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Non-current investments

Investments in subsidiaries are held at cost.

A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

 

In accordance with FRS 102 SORP section 24.13A, the subsidiary detailed in note 30 has been excluded from consolidation as it's inclusion would not be material for the purpose of giving a true and fair view to the financial statements. Therefore, consolidated financial statements have not been prepared.

1.8
Impairment of non-current assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

EASTGATE (KENT) LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies (Continued)
- 12 -
1.9
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

EASTGATE (KENT) LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 13 -
2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Donations and gifts
630,317
108,855
739,172
678,394
165,195
843,589
Donations and gifts
Donations and gifts
548,792
97,126
645,918
583,601
140,214
723,815
Gift aid tax relief
81,525
11,729
93,254
94,793
24,981
119,774
630,317
108,855
739,172
678,394
165,195
843,589
EASTGATE (KENT) LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 14 -
4
Income from charitable activities
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Church activities
Recharged expenses to related charities
9,768
-
9,768
17,929
-
17,929
Conference fees
8,196
-
8,196
4,651
-
4,651
Local authority grant for the provision of counselling
-
10,000
10,000
-
10,000
10,000
Books and CDs income
50
-
50
40
-
40
Charitable rental income
70,487
-
70,487
46,763
-
46,763
Transformation Centre income
-
-
-
22,321
-
22,321
School of Spiritual Life
School fees
43,847
-
43,847
58,379
-
58,379
Training and Equipping
Conference fees
15,934
-
15,934
32,742
-
32,742
Books and CDs income
2,353
-
2,353
2,222
-
2,222
150,635
10,000
160,635
185,047
10,000
195,047
5
Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Letting and licensing arrangements
38,296
75,268
6
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Interest receivable
7,287
6,702
EASTGATE (KENT) LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 15 -
7
Other income
As restated
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Net gain on disposal of tangible fixed assets
188
1,096
Compensation for delay in car park completion
45,900
45,600
45,900
45,600
EASTGATE (KENT) LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 16 -
8
Expenditure on charitable activities
Church activities
School of Spiritual Life
Training and Equipping
Total
Total
2025
2025
2025
2025
2024
£
£
£
£
£
Direct costs
Staff costs
253,139
54,223
1,650
309,012
394,562
Travel
1,755
-
700
2,455
2,049
Consultancy
14,090
1,366
-
15,456
17,588
Outreach and mission
6,585
-
-
6,585
18,921
Website
6,568
-
-
6,568
3,934
Children and youth
11,961
-
-
11,961
9,860
Church events and groups
18,097
-
905
19,002
18,648
Worship, sound and lighting
9,284
-
-
9,284
10,721
Conferences
-
-
17,748
17,748
17,877
Transformation centre & Sozo ministry
495
-
-
495
3,818
Resource expenses
-
-
-
-
258
Direct costs
-
11,435
-
11,435
10,691
321,974
67,024
21,003
410,001
508,927
Grant funding of activities (see note 9)
47,600
-
6,160
53,760
117,896
Share of support and governance costs (see note 10)
Support
447,112
18,183
2,951
468,246
418,855
Governance
8,495
1,174
687
10,356
19,608
825,181
86,381
30,801
942,363
1,065,286
Analysis by fund
Unrestricted funds
621,213
86,381
30,801
738,395
847,083
Restricted funds
203,968
-
-
203,968
218,203
825,181
86,381
30,801
942,363
1,065,286
EASTGATE (KENT) LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
8
Expenditure on charitable activities (Continued)
- 17 -
Previous year:
Church activities
School of Spiritual Life
Training and Equipping
Total
2024
2024
2024
2024
£
£
£
£
Direct costs
Staff costs
262,823
100,064
31,675
394,562
Travel
674
1,375
-
2,049
Consultancy
13,927
3,661
-
17,588
Outreach and mission
18,921
-
-
18,921
Website
3,894
40
-
3,934
Children and youth
9,860
-
-
9,860
Church events and groups
18,648
-
-
18,648
Worship, sound and lighting
9,928
-
793
10,721
Conferences
126
46
17,705
17,877
Transformation centre & Sozo ministry
3,818
-
-
3,818
Resource expenses
258
-
-
258
Direct costs
-
10,691
-
10,691
342,877
115,877
50,173
508,927
Grant funding of activities (see note 9)
111,477
-
6,419
117,896
Share of support and governance costs (see note 10)
Support
398,439
17,468
2,948
418,855
Governance
15,695
2,610
1,303
19,608
868,488
135,955
60,843
1,065,286
Analysis by fund
Unrestricted funds
661,820
135,955
49,308
847,083
Restricted funds
206,668
-
11,535
218,203
868,488
135,955
60,843
1,065,286
EASTGATE (KENT) LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 18 -
9
Grants payable
Church activities
Training and Equipping
Total
Church activities
Training and Equipping
Total
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Grants to institutions:
The Lighthouse Counselling Trust
3,996
-
3,996
54,923
-
54,923
Tear Fund
3,600
-
3,600
2,940
-
2,940
Gravesham Sanctuary
9,000
-
9,000
5,100
-
5,100
Abound and Flourish
-
-
-
6,546
-
6,546
Bethel Church Austin
-
-
-
5,000
-
5,000
Heaven in Healthcare
-
-
-
6,000
-
6,000
Dartford Community Church
-
-
-
3,000
-
3,000
Living Fire
-
3,600
3,600
-
5,919
5,919
Barnabas Aid
3,300
-
3,300
2,100
-
2,100
Emerge
5,500
-
5,500
-
-
-
Jesus at the Door
3,200
-
3,200
-
-
-
Gravesham Foodbank
2,898
-
2,898
-
-
-
Other grants (£2,500 and under)
9,624
-
9,624
7,860
-
7,860
41,118
3,600
44,718
93,469
5,919
99,388
Grants to individuals
6,482
2,560
9,042
18,008
500
18,508
47,600
6,160
53,760
111,477
6,419
117,896
EASTGATE (KENT) LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 19 -
10
Support costs allocated to activities
2025
2024
£
£
Staff costs
200,526
143,514
Depreciation
66,529
69,245
Bank loan interest
77,776
89,598
Building maintenance
35,528
18,946
Insurance
8,206
7,939
Light, heat and water
61,884
75,881
Cleaning
5,184
5,055
Advertising
-
205
Computers and software
3,521
1,882
Office, printing and stationery
5,472
3,800
Telephone
3,620
2,790
Governance costs
10,356
19,608
478,602
438,463
Analysed between:
Church activities
455,607
414,134
School of Spiritual Life
19,357
20,078
Training and Equipping
3,638
4,251
478,602
438,463
2025
2024
Governance costs comprise:
£
£
Independent examination fees (2024: Audit)
1,200
5,520
Accountancy
4,200
7,573
Legal and professional
1,375
1,375
Bank and service charges
2,683
4,192
Payroll
898
948
10,356
19,608
11
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable to the charity's independent examiner:
- for the independent examination (2024: Audit) of the charity's financial statements
1,200
5,520
- for other financial services
4,200
5,520
Depreciation of owned property, plant and equipment
66,529
69,245
Profit on disposal of property, plant and equipment
(188)
(1,096)
EASTGATE (KENT) LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 20 -
12
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
Direct charitable activities
15
15
Administration and support
8
9
Total
23
24
Employment costs
2025
2024
£
£
Wages and salaries
453,318
481,827
Social security costs
32,718
34,464
Other pension costs
23,502
21,785
509,538
538,076
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2025
2024
£
£
Aggregate compensation
126,271
254,452
13
Trustees

None of the trustees received any remuneration or benefits from the charity during the year.

 

The trustees, executive church leadership team and related parties have donated an aggregate sum of £55,783 (2024: £64,002) to the charity.

14
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

EASTGATE (KENT) LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 21 -
15
Property, plant and equipment
Land and buildings
Fixtures, fittings and equipment
Total
£
£
£
Cost
At 1 April 2024
3,134,144
157,989
3,292,133
At 31 March 2025
3,134,144
157,989
3,292,133
Depreciation and impairment
At 1 April 2024
626,467
152,250
778,717
Depreciation charged in the year
62,683
3,846
66,529
At 31 March 2025
689,150
156,096
845,246
Carrying amount
At 31 March 2025
2,444,994
1,893
2,446,887
At 31 March 2024
2,507,675
5,739
2,513,414

Eastgate has been granted a 999 year lease to land at Springhead Parkway, Northfleet, Kent at a peppercorn rent, dated 18 October 2012.

16
Fixed asset investments
Other investments
£
Cost or valuation
At 1 April 2024 & 31 March 2025
1
Carrying amount
At 31 March 2025
1
At 31 March 2024
1
2025
2024
Other investments comprise:
Notes
£
£
Investments in subsidiaries
30
1
1
EASTGATE (KENT) LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 22 -
17
Trade and other receivables
As restated
2025
2024
Amounts falling due within one year:
£
£
Trade receivables
6,584
6,967
Other receivables
41,053
88,773
Prepayments and accrued income
367
367
48,004
96,107
18
Non-current liabilities
2025
2024
Notes
£
£
Bank loans
20
886,737
1,045,337
19
Current liabilities
2025
2024
Notes
£
£
Bank loans
20
89,270
76,179
Other taxation and social security
7,704
8,301
Deferred income
21
3,920
25,560
Trade payables
9,968
4,661
Other payables
-
16,743
Accruals
20,324
29,586
131,186
161,030
20
Borrowings
2025
2024
£
£
Bank loans
976,007
1,121,516
Payable within one year
89,270
76,179
Payable after one year
886,737
1,045,337
Amounts included above which fall due after five years:
Payable by instalments
461,383
606,823

The loan from Barclays Bank PLC has a total drawdown facility of £1.56m repayable over a term of 20 years with repayments commencing October 2015. Interest is charged at 2.4% above base rate.

 

The loan is secured by a first and only legal charge on the lease to the land and buildings at Eastgate.

EASTGATE (KENT) LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 23 -
21
Deferred income
2025
2024
£
£
Other deferred income
3,920
25,560

Deferred income is included in the financial statements as follows:

2025
2024
£
£
Deferred income is included within:
Current liabilities
3,920
25,560
Movements in the year:
Deferred income at 1 April 2024
25,560
41,214
Released from previous periods
(25,560)
(31,214)
Resources deferred in the year
3,920
15,560
Deferred income at 31 March 2025
3,920
25,560

Deferred income represents monies received in advance for Eastgate rentals and Eastgate School of Spiritual Life fees in 2025/26.

22
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
23,502
21,785

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

EASTGATE (KENT) LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 24 -
23
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April 2024
Incoming resources
Resources expended
Transfers
At 31 March 2025
£
£
£
£
£
Building fund
391,237
106,929
(181,068)
(66,000)
251,098
Eastgate Music
9,410
-
(1,221)
-
8,189
ESSL Bursary Fund
22,604
-
-
(1,826)
20,778
Members Fund
7,700
1,026
(2,972)
-
5,754
Nourish
4,656
900
(8,707)
3,151
-
Counselling fund
-
10,000
(10,000)
-
-
435,607
118,855
(203,968)
(64,675)
285,819
Previous year:
At 1 April 2023
Incoming resources
Resources expended
Transfers
At 31 March 2024
£
£
£
£
£
Building fund
536,859
154,843
(178,887)
(121,578)
391,237
Eastgate Music
14,382
-
(4,972)
-
9,410
Living Fire
7,070
4,165
(11,535)
300
-
ESSL Bursary Fund
24,398
1,040
-
(2,834)
22,604
Members Fund
11,671
1,095
(5,066)
-
7,700
Nourish
8,347
4,052
(7,743)
-
4,656
Counselling fund
-
10,000
(10,000)
-
-
602,727
175,195
(218,203)
(124,112)
435,607

Building fund

This fund was for the construction of a Place of Worship and community Centre details of which are set out in the financial statements. Bank loan interest and depreciation on the buildings is charged against the fund. During the year Eastgate took several offerings with the aim of reducing the bank loan that was taken out when the building was constructed. £66,000 of the monies raised has been used to fund loan repayments in the year and is represented by a transfer to General funds.

 

Eastgate Music

This fund is for monies given specifically for the development of worship at Eastgate and production and distribution of music.

 

Living Fire

Living Fire is a network of Churches who come together to share ideas and experiences of Church evangelism and worship. Historically this has involved Eastgate hosting conferences, training days and mentoring Church leaders. In the 2022/23 financial year Living Fire was established as its own separate charity.

 

ESSL Bursary Fund

The ESSL Bursary fund is for the purpose of providing financial support for students who would otherwise be unable to attend the school. The transfers in the year represent the financial support given.

EASTGATE (KENT) LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
23
Restricted funds (Continued)
- 25 -

Members Fund

The Members Fund is for monies given by Eastgate church goers to help other members of the church who are in need of support. It is up to the discretion of the charity who the beneficiaries of the money are.

 

Nourish Fund

The Nourish fund represents funds given for the purpose of providing a weekly free meal to people needing extra support in our local community.

 

Counselling Fund

Represents monies given by Gravesham Borough Council to provide counselling services to the local community.

24
Unrestricted funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

At 1 April 2024
Incoming resources
Resources expended
Transfers
At 31 March 2025
£
£
£
£
£
General funds
1,345,502
872,623
(738,395)
64,675
1,544,405
Previous year:
At 1 April 2023
Incoming resources
Resources expended
Transfers
At 31 March 2024
£
£
£
£
£
General funds
1,121,966
992,107
(847,083)
124,112
1,391,102
25
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2025
2025
2025
£
£
£
At 31 March 2025:
Property, plant and equipment
1,219,782
1,227,105
2,446,887
Investments
1
-
1
Current assets/(liabilities)
370,222
(54,549)
315,673
Long term liabilities
-
(886,737)
(886,737)
1,590,005
285,819
1,875,824
EASTGATE (KENT) LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
25
Analysis of net assets between funds (Continued)
- 26 -
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 March 2024:
Property, plant and equipment
1,000,661
1,512,753
2,513,414
Investments
1
-
1
Current assets/(liabilities)
390,440
(31,809)
358,631
Long term liabilities
-
(1,045,337)
(1,045,337)
1,391,102
435,607
1,826,709
26
Related party transactions

The charity engaged MAS Cleaning, a business owned by Mr M Smallwood, husband of Executive Church Leadership Team member Elizabeth Smallwood to undertake cleaning work. During the year the business was paid a total of £965 (2024: £320) for services rendered.

 

Edward Smallwood, son of Elizabeth Smallwood, carried out some PA and caretaking duties and was paid a total of 580 (2024: £449) during the year.

 

Elaine Richard, wife of Trustee Hugh Richard, was paid £190 (2024: £540) for providing assistance at various church activities and events.

 

27
Operating lease commitments
Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within one year
866
866
Between two and five years
2,598
3,465
3,464
4,331
EASTGATE (KENT) LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 27 -
28
Cash generated from operations
2025
2024
£
£
Surplus for the year
49,115
102,016
Adjustments for:
Investment income recognised in statement of financial activities
(7,287)
(6,702)
Gain on disposal of property, plant and equipment
(188)
(1,096)
Depreciation and impairment of property, plant and equipment
66,529
69,245
Movements in working capital:
Decrease/(increase) in trade and other receivables
48,103
(41,497)
(Decrease)/increase in trade and other payables
(21,297)
19,520
(Decrease) in deferred income
(21,640)
(15,654)
Cash generated from operations
113,335
125,832
29
Analysis of changes in net (debt)/funds
At 1 April 2024
Cash flows
At 31 March 2025
£
£
£
Cash at bank and in hand
423,554
(24,699)
398,855
Loans falling due within one year
(76,179)
(13,091)
(89,270)
Loans falling due after more than one year
(1,045,337)
158,600
(886,737)
(697,962)
120,810
(577,152)
30
Subsidiaries

These financial statements are separate charity financial statements for Eastgate (Kent) Development Ltd.

Details of the charity's subsidiaries at 31 March 2025 are as follows:

Name of undertaking
Registered
Nature of business
Class of
% Held
office
shares held
Direct
Indirect
Eastgate (Kent) Development Ltd
England
Building development
Ordinary
100.00
The aggregate capital and reserves and the result for the year of subsidiaries excluded from consolidation was as follows:
Name of undertaking
Profit/(Loss)
Capital and Reserves
£
£
Eastgate (Kent) Development Ltd
-
1
EASTGATE (KENT) LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 28 -
31
Prior period adjustment
Changes to the statement of financial position
At 31 March 2024
As previously reported
Adjustment
As restated
£
£
£
Current assets
Debtors due within one year
50,507
45,600
96,107
Capital funds
Income funds
Restricted funds
435,607
-
435,607
Unrestricted funds
1,345,502
45,600
1,391,102
Total equity
1,781,109
45,600
1,826,709
Changes to the income statement
Period ended 31 March 2024
As previously reported
Adjustment
As restated
£
£
£
Other income
1,096
45,600
46,696
Net movement in funds
56,416
45,600
102,016
A prior year adjustment of £45,600 has been made to the 2024 financial statements to correct an error. This adjustment recognises income from a contractual agreement that was due but not recorded as a debtor in the prior year. The £91,500 payment received in 2025 included £45,600 for the period falling within the 2024 financial year. This correction increases 2024 income and debtors, restating the opening reserves for 2025.
2025-03-312024-04-01falsefalseCCH SoftwareiXBRL Review & Tag 2025.2050149092024-04-012025-03-3105014909bus:Director12024-04-012025-03-3105014909bus:Director22024-04-012025-03-3105014909bus:Director32024-04-012025-03-3105014909bus:CompanySecretary12024-04-012025-03-3105014909bus:Director42024-04-012025-03-31050149092025-03-31050149092024-03-31050149092023-04-012024-03-3105014909bus:FRS1022024-04-012025-03-3105014909char:IndependentExaminationCharity2024-04-012025-03-3105014909bus:FullAccounts2024-04-012025-03-31xbrli:purexbrli:sharesiso4217:GBP