THE STOREHOUSE
TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
THE STOREHOUSE
CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2021
Trustees: Mr T C Dant Mrs E Middleton Mr G Burnby-Crouch Mr D C A Middleton Mr M Hippey Mr D Lofthouse (Appointed 17 May 2021)
Address: The Storehouse North Parade Skegness Lincolnshire PE25 1BY Charity Number: 1052143 Independent examiner: Mrs Nicola Lenton FCCA Dexter and Sharpe Chartered Certified Accountants The Old Vicarage Church Close Boston Lincs PE21 6NA
THE STOREHOUSE
ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
Objectives of the Charity
The charity was formed to provide help for those in need. To relieve sickness and financial hardship, and to promote and preserve good health by the provision of funds, goods and services, of any kind, including through the provision of counselling and support. To provide support to other local services and agencies who are helping the needy. They provide a place for the community to meet which has a coffee shop, hairdressers and charity shop. Weekly church services and other charitable activities also take place in the building.
Activities and Achievements this Year
The Coronavirus pandemic has continued to impact the activities of the charity this year. Services continued via Facebook live until restrictions were lifted and socially distanced meetings could take place again. As circumstances changed church services and meetings were gradually resumed and the building was opened again for community use.
The NHS vaccination programme began in January at The Storehouse and provided a vital service for the local community, many of whom do not have the means to travel out of Skegness to receive their vaccinations. The income from rental for the vaccination centre has also provided finance for Restore projects and essential maintenance for the building. Initially the volume of people passing through the building had a detrimental effect on Youth Opportunity Union café and the date for opening had to be deferred following advice from Environmental Health, however government grants made it possible for the trustees to offer some compensation for loss of profit.
The Skegness Foodbank, run by a Foodbank manager and team of volunteers continues to provide essential food parcels through a referral system to those in need in the community. There has been an increased demand but community grants and donations from supermarkets, churches and members of the public continues to enable individuals and families in crisis to receive the help they need.
Following a discussion with the council Rough Sleepers team regarding funding towards facilities for the homeless the trustees agreed to use funds from Restore to begin developing a drop-in area at the rear of the building including a shower, washing machine and dryer. The plan was to relocate the Foodbank and provide a safe space where rough sleepers could have a hot drink and food and be signposted to other avenues of support. Building work has continued throughout the year on this project and when completed will benefit those in severe need in our town.
The Re-Store Charity Shop, run by a team of volunteers continued to be a successful source of income for the Foodbank and other community projects.
The need for mental health support following the pandemic was identified and funding was secured to begin Restore Wellness and Renew Wellbeing groups as well as providing a base for Social Prescribers to meet clients. As covid restrictions eased The Storehouse was able to create a community hub where agencies could deliver drop-in sessions and meet clients in an informal setting. AA and Double Impact provided vital support sessions.
In October Lunchbox 5000 was launched with a community grant from Tesco. This free monthly, three course meal provides a welcome opportunity for all sorts of people to gather including Foodbank clients, the homeless and isolated, lonely members of the community. It has proved to be extremely popular, especially the Christmas lunch which catered for around 80 people.
Essential maintenance on the flat roof was required and quotes were gathered from local companies. The work was completed at a cost of £28,800 including a 25 year guarantee. Repairs were also made to the boundary wall which was becoming unsafe.
The charity continued to support other groups in the UK and abroad through gifts and regular donations including a pastor in Uganda who runs an orphanage, Christian Aid and Safe Families.
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ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 CONTD…..
THE STOREHOUSE
Financial Position and Reserves
The charity has had another average year financially making a small profit
| Figures for | 2021: | Total receipts | 185,979 |
|---|---|---|---|
| Total payments | 180,751 | ||
| __ | |||
| Increase in funds | 5,228 | ||
| ══════ | |||
| Total Reserves | 58,606 | ||
| ══════ |
The trustees consider that the reserves are adequate to continue the charity's current level of activity.
Risk Management
The trustees have undertaken a review of the major risks to which the charity is exposed, and systems to mitigate those risks have been considered and are adequate.
Trustees
The constitution was reviewed to reflect a change of terms in the leadership structure. Trustees at this year ending are: David Cameron Middleton
Elizabeth Margaret Middleton Graham Burnby-Crouch Thomas Dant Michael Hippey David Lofthouse
Volunteers
The charity continues to rely on the support of volunteers to help run the Foodbank, Charity Shop and wellbeing groups. Around 20 volunteers give up over 120 hours a week.
Trustees' Responsibilities
The trustees are required under the Charities Act 2011 to prepare financial statements for each year, selecting an appropriate consistent basis for preparation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with applicable law and regulations. 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.
Trustees are nominated and seconded by committee members at the AGM.
The report was approved by the trustees on 28th October 2022 and signed on their behalf.
MR T C DANT Trustee
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THE STOREHOUSE
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE STOREHOUSE
I report on the accounts of the Trust for the year ended 31 December 2021 which are set out on pages 4 to 6.
Respective responsibilities of trustees and examiner
As the charity’s trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144(2) of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Act, whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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which gives us reasonable cause to believe that in any material respect the requirements
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a) to keep accounting records in accordance with section 130 of the Act; and
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b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act;
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have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
MRS NICOLA LENTON FCCA Independent Examiner Dexter & Sharpe Chartered Certified Accountants The Old Vicarage Church Close Boston Lincolnshire PE21 6NA
28[th] October 2022
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THE STOREHOUSE
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021
| Receipts Grants, Donations and Offerings: Grants ELDC Covid Grants New Build Offerings Donations Other Income: Gift Aid Reclaim Storehouse Sales Ltd receipts CJRS Grants Bank Interest Bins Recharged Salon Rent Total Receipts |
Restricted Unrestricted 2021 2020 £ £ Total Total £ £ - 8,682 8,682 - - 33,332 33,332 33,950 - 1,800 1,800 1,894 - 88,951 88,951 84,277 _ _ _ _ - 132,765 132,765 120,121 ══════ ══════ ══════ ══════ - - - 5,484 - 53,214 53,214 8,861 - - - 13,370 - - - 6 - - - 341 - - - 3,500 _ _ _ _ - 53,214 53,214 31,562 ══════ ══════ ══════ ══════ - 185,979 185,979 151,683 ══════ ══════ ══════ ══════ |
|---|---|
_ ═════ _ ═════ ═════ |
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THE STOREHOUSE
RECEIPTS AND PAYMENTS ACCOUNT CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| Restricted | Unrestricted | Total | Total | |
| £ | £ | £ | £ | |
| Payments | ||||
| Direct Charitable Expenditure: | ||||
| Licences | - | - | - | 290 |
| Donations and Gifts | - | 7,092 | 7,092 | 3,197 |
| Wages | - | 55,357 | 55,357 | 50,742 |
| Pension | - | 1,244 | 1,244 | 1,332 |
| Light and Heat | - | 7,634 | 7,634 | 4,946 |
| Rent and Rates | - | 2,545 | 2,545 | 1,398 |
| Insurance | - | 4,559 | 4,559 | 4,151 |
| Repairs | - | 11,713 | 11,713 | 10,046 |
| Cleaning | - | 3,253 | 3,253 | 1,721 |
| Telephone | - | 977 | 977 | 839 |
| Postage and Stationery | - | 246 | 246 | 86 |
| Food Larder | - | 15,595 | 15,595 | 5,853 |
| __ | __ | __ | __ | |
| - | 110,215 | 110,215 | 84,601 | |
| ══════ | ══════ | ══════ | ══════ | |
| Governance Costs: | ||||
| Accountancy | - | 2,796 | 2,796 | - |
| Consultancy & Professional Fees | - | 1,058 | 1,058 | - |
| Bank Charges | - | - | - | 30 |
| __ | __ | __ | __ | |
| - | 3,854 | 3,854 | 30 | |
| ══════ | ══════ | ══════ | ══════ | |
| Other Expenditure: | ||||
| Subscriptions | - | 1,590 | 1,590 | 1,750 |
| Building Conversion | - | 43,808 | 43,808 | 16,448 |
| Mortgage | - | 9,523 | 9,523 | 10,059 |
| Loan repayments | - | - | - | 667 |
| Loan to Members | - | - | - | 300 |
| Sundry | - | 409 | 409 | - |
| Equipment | - | 1,848 | 1,848 | 825 |
| __ | __ | __ | __ | |
| - | 57,178 | 57,178 | 30,049 | |
| ══════ | ══════ | ══════ | ══════ | |
| Total Payments | - | 171,247 | 171,247 | 114,680 |
| ══════ | ══════ | ══════ | ══════ | |
| NET SURPLUS FOR THE YEAR | - | 14,732 | 14,732 | 37,003 |
| Mortgage Capital Repayments | - | (9,504) | (9,504) | (5,685) |
| __ | __ | __ | __ | |
| Net movement in funds | - | 5,228 | 5,228 | 31,318 |
| Cash funds brought forward | 3,986 | 49,392 | 53,378 | 22,060 |
| __ | __ | __ | __ | |
| Cash funds carried forward | 3,986 | 54,620 | 58,606 | 53,378 |
| ══════ | ══════ | ══════ | ══════ |
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THE STOREHOUSE
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Fixed Assets | ||||
| Freehold property | 328,609 | 328,609 | ||
| Plant & Machinery | 758 | 948 | ||
| Computer Equipment | 3,681 | 333,048 | 2,754 | 332,311 |
| __ | __ | |||
| Current Assets | ||||
| Stock | 365 | 300 | ||
| __ | __ | |||
| Debtors Due Within One Year | ||||
| R Bowden Loan | 300 | 300 | ||
| __ | __ | |||
| Cash Funds | ||||
| Current Account | 27,519 | 26,255 | ||
| Postal Account | 77 | 77 | ||
| Charity Saver Account | 87 | 87 | ||
| Cash | 240 | 240 | ||
| Restore Account | 22,432 | 17,525 | ||
| Elevate Account | 1,905 | 1,905 | ||
| Building Account | 6,346 | 7,289 | ||
| __ | __ | |||
| 58,606 | 59,271 | 53,378 | 53,978 | |
| __ | __ | |||
| Debtors Due After One Year | ||||
| Storehouse Sales Ltd | 50,536 | 22,693 | ||
| __ | __ | |||
| Total Assets | 442,855 | 408,982 | ||
| ══════ | ══════ | |||
| Creditors Due Within One Year | ||||
| Accountancy fees | 1,470 | 2,569 | ||
| Pension | 347 | 737 | ||
| PAYE | 1,644 | 957 | ||
| __ | 3,461 | __ | 4,263 | |
| Long Term Liabilities | ||||
| Mortgage | 254,559 | 264,063 | ||
| __ | __ | |||
| Total Liabilities | 258,020 | 268,326 | ||
| ══════ | ══════ | |||
| Approved for and on behalf of the charity | on 28th October 2022 | |||
| Mr T C DANT | ||||
| Trustee |
THE STOREHOUSE
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. RELATED PARTY TRANSACTIONS
Storehouse Sales Ltd, the trading entity of The Storehouse, donated profits of £64,000 for the year to 31 December 2021. As at the balance sheet date this amount is included within Debtors Due After One Year.
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