THE STOREHOUSE
TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
THE STOREHOUSE
CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2022
Trustees: Mr T C Dant Mrs E Middleton Mr G Burnby-Crouch Mr D C A Middleton Mr M Hippey Mr D Lofthouse
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 2022
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. The Storehouse provides a welcoming space for community events with a coffee shop and charity shop. Weekly church services and other charitable activities also take place in the building.
Activities and Achievements this Year
Following the Coronavirus pandemic church services and meetings resumed. Live streaming on Facebook continued to enable the vulnerable and those who still feel cautious to connect. Community groups returned to face to face meetings and agencies were able to meet clients again in an informal setting. This was beneficial for the wellbeing of many who had been isolated during the pandemic.
The NHS vaccination programme continued 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 continued income from rental for the vaccination centre also provided regular income for Restore projects.
The Storehouse provided a space for TB vaccination clinics for Asylum Seekers living in Skegness. A number of asylum seekers joined our church services and we were able to support them with items of essential clothing and offer support when initially there was local opposition. Local volunteers offered to run basic English classes which were greatly appreciated by the young men. As well as helping them to communicate more easily they were able to share their stories. This was beneficial for their mental health as several were suffering from anxiety and depression after fleeing from persecution, war and other troubles and were separated from family and friends. A number of the asylum seekers volunteered in The Storehouse. Some offered to help with building work as they waited for the claims for refugee status to be processed. The practical help was valuable but it also enabled relationships and friendships to develop that were mutually supportive and gave them a sense of purpose.
Groups supporting wellbeing and mental health continued with Social Prescribers using The Storehouse as a community hub for informal meetings with clients. The role of Community Connectors became more important as they could signpost members of the public and encourage more agencies to get involved by delivering drop-in sessions for example Digital Support and Housing Advice.
The Skegness Foodbank, run by a Foodbank manager and team of volunteers has been very busy and continues to provide essential food parcels through a referral system to those in need in the community. It was acknowledged that the cost of living crisis is affecting many individuals and families. Skegness is an area of high deprivation and many jobs are seasonal leading to an increased demand for food parcels. Building work to provide a larger space for The Foodbank continued. Community grants and donations from supermarkets, churches and members of the public continue to enable individuals and families in crisis to receive the help they need.
The plans for relocation of The Foodbank included provision for a drop-in area for rough sleepers. A donation from a local business was used to purchase a shower, washing machine and dryer and provide a small kitchen. When work is completed this area will provide a designated space where rough sleepers can access the help they need. The Storehouse is working closely with the council Rough Sleepers team to provide a safe space to carry out assessments and make referrals for meals and laundry facilities to support the homeless who come to Skegness.
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. It also enables local residents with limited income to purchase clothes and small household items cheaply. YOU (Youth Opportunity Union) Café offers a comfortable space for local residents and visitors to meet for coffee and cake and the free play area for under fives has attracted young parents. This is an invaluable place for young mums to meet and support each other while their young children play.
Lunchbox 5000 continues to be well attended and provides a free three course meal to around 50 people every month. This creates a welcome opportunity for all sorts of people to gather, including Foodbank clients, the homeless and isolated, lonely members of the community. It is run by a team of enthusiastic volunteers.
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THE STOREHOUSE
ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 CONTD…..
Activities and Achievements this Year Contd…
The charity continued to support other groups in the UK and abroad through gifts and regular donations. The Storehouse sends regular support to an orphanage in Uganda and has sponsored two children in Rwanda through Compassion. Gifts were given to Christian Aid and Safe Families. Asylum seekers who often arrive with only the clothes that they are wearing were provided with basic items of clothing and shoes by The Storehouse, along with a donation of clothing from Care for Calais.
Financial Position and Reserves
This year the charity has had an excess of expenditure over income
| Figures for | 2022: | Total receipts | 198,114 |
|---|---|---|---|
| Total payments | 212,035 | ||
| __ | |||
| Decrease in funds | (13,921) | ||
| ══════ | |||
| Total Reserves | 44,685 | ||
| ══════ |
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 and activities. Around 30 volunteers are involved and give over 120 hours a week in practical tasks. The emotional support that they offer is also invaluable and contributes to the success of the community projects.
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 30th October 2023 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 2022 which are set out on pages 4 to 7.
Responsibilities and basis of report
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which 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
30[th] October 2023
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THE STOREHOUSE
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022
| Receipts Grants, Donations and Offerings: Grants ELDC Covid Grants New Build Offerings Donations Other Income: Gift Aid Reclaim Storehouse Sales Ltd receipts Bank Interest Charity Shop Total Receipts |
Restricted Unrestricted 2022 2021 £ £ Total Total £ £ 11,520 23,658 35,178 8,682 - - - 33,332 - 440 440 1,800 - 117,101 117,101 88,951 _ _ _ _ 11,520 141,199 152,719 132,765 ══════ ══════ ══════ ══════ - 5,788 5,788 - - 35,000 35,000 53,214 - 6 6 - - 4,601 4,601 - _ _ _ _ - 45,395 45,395 53,214 ══════ ══════ ══════ ══════ 11,520 186,594 198,114 185,979 ══════ ══════ ══════ ══════ |
|---|---|
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THE STOREHOUSE
RECEIPTS AND PAYMENTS ACCOUNT CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| Restricted | Unrestricted | Total | Total | |
| £ | £ | £ | £ | |
| Payments | ||||
| Direct Charitable Expenditure: | ||||
| Donations and Gifts | - | 18,162 | 18,162 | 7,092 |
| Wages | - | 91,930 | 91,930 | 55,357 |
| Social Security | - | 464 | 464 | - |
| Pension | - | 1,327 | 1,327 | 1,244 |
| Light and Heat | - | 6,874 | 6,874 | 7,634 |
| Rent and Rates | - | 3,864 | 3,864 | 2,545 |
| Insurance | - | 4,470 | 4,470 | 4,559 |
| Repairs | - | 2,616 | 2,616 | 11,713 |
| Cleaning | - | 4,229 | 4,229 | 3,253 |
| Telephone | - | 1,378 | 1,378 | 977 |
| Postage and Stationery | - | 422 | 422 | 246 |
| Food Larder | 3,986 | 1,658 | 5,644 | 15,595 |
| Pastors Expenses | - | 358 | 358 | - |
| Events | - | 901 | 901 | - |
| __ | __ | __ | __ | |
| 3,986 | 138,653 | 142,639 | 110,215 | |
| ══════ | ══════ | ══════ | ══════ | |
| Governance Costs: | ||||
| Accountancy | - | 1,470 | 1,470 | 2,796 |
| Consultancy & Professional Fees | - | - | - | 1,058 |
| __ | __ | __ | __ | |
| - | 1,470 | 1,470 | 3,854 | |
| ══════ | ══════ | ══════ | ══════ | |
| Other Expenditure: | ||||
| Subscriptions | - | 1,271 | 1,271 | 1,590 |
| Building Conversion | 11,520 | 32,092 | 43,612 | 43,808 |
| Mortgage | - | 12,618 | 12,618 | 9,523 |
| Sundry | - | 448 | 448 | 409 |
| Training | - | 255 | 255 | - |
| Travel | - | 458 | 458 | - |
| Equipment | - | 680 | 680 | 1,848 |
| Computer and Software | - | 1,689 | 1,689 | - |
| Volunteer’s Expenses | - | 306 | 306 | - |
| __ | __ | __ | __ | |
| 11,520 | 49,817 | 61,337 | 57,178 | |
| ══════ | ══════ | ══════ | ══════ | |
| Total Payments | 15,506 | 189,940 | 205,446 | 171,247 |
| ══════ | ══════ | ══════ | ══════ | |
| NET DEFICIT FOR THE YEAR | (3,986) | (3,346) | (7,332) | 14,732 |
| Mortgage Capital Repayments | - | (6,589) | (6,589) | (9,504) |
| __ | __ | __ | __ | |
| Net movement in funds | (3,986) | (9,935) | (13,921) | 5,228 |
| Cash funds brought forward | 3,986 | 54,620 | 58,606 | 53,378 |
| __ | __ | __ | __ | |
| Cash funds carried forward | - | 44,685 | 44,685 | 58,606 |
| ══════ | ══════ | ══════ | ══════ |
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THE STOREHOUSE
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Fixed Assets | ||||
| Freehold property | 328,609 | 328,609 | ||
| Improvements to Property | 43,612 | - | ||
| Plant & Machinery | 606 | 758 | ||
| Computer Equipment | 3,240 | 376,067 | 3,681 | 333,048 |
| __ | __ | |||
| Current Assets | ||||
| Stock | 1,300 | 365 | ||
| __ | __ | |||
| Debtors Due Within One Year | ||||
| R Bowden Loan | - | 300 | ||
| Other Debtors | 3 | - | ||
| PAYE | 410 | - | ||
| __ | __ | |||
| 413 | 300 | |||
| __ | __ | |||
| Cash Funds | ||||
| Current Account | 15,022 | 27,519 | ||
| Postal Account | 77 | 77 | ||
| Charity Saver Account | 87 | 87 | ||
| Cash | 240 | 240 | ||
| Restore Account | 22,887 | 22,432 | ||
| Elevate Account | 4,006 | 1,905 | ||
| Building Account | 2,366 | 6,346 | ||
| __ | __ | |||
| 44,685 | 46,398 | 58,606 | 59,271 | |
| __ | __ | |||
| Debtors Due After One Year | ||||
| Storehouse Sales Ltd | 79,319 | 50,536 | ||
| __ | __ | |||
| Total Assets | 501,784 | 442,855 | ||
| ══════ | ══════ | |||
| Creditors Due Within One Year | ||||
| Accountancy fees | 1,580 | 1,470 | ||
| Pension | 590 | 347 | ||
| PAYE | - | 1,644 | ||
| __ | 2,170 | __ | 3,461 | |
| Long Term Liabilities | ||||
| Mortgage | 247,970 | 254,559 | ||
| __ | __ | |||
| Total Liabilities | 250,140 | 258,020 | ||
| ══════ | ══════ |
Approved for and on behalf of the charity on 30[th] October 2023
Mr T C DANT Trustee
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THE STOREHOUSE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1. RELATED PARTY TRANSACTIONS
Storehouse Sales Ltd, the trading entity of The Storehouse, donated profits of £47,069 for the year to 31 December 2022. As at the balance sheet date this amount is included within Debtors Due After One Year.
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