THE STOREHOUSE
TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE STOREHOUSE
CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2023
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 2023
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
The Storehouse has seen an increase in the number of community groups and agencies using the communal space during the week. It is a popular meeting place for local residents and visitors. Loneliness and isolation are genuine concerns for people of all ages and The Storehouse has become known as a safe, friendly place. The free play area for under-fives is an invaluable place for young mums and carers to meet and support each other while their young children play.
The Storehouse has continued to support asylum seekers by providing essential clothing and basic English classes. As well as helping them to communicate more easily they have the opportunity to share their stories which has benefited their wellbeing and mental health. A number of asylum seekers who have fled religious persecution have been attending church services regularly and have volunteered with building the new Foodbank. 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.
In October a former asylum seeker who had been volunteering in the café here took over the business and opened Café Mona, a comfortable space to meet for coffee and cake. The café is a great asset as it provides a comfortable, informal venue for agencies to meet clients and space for wellbeing groups to meet.
As well as groups supporting mental health there have been courses and groups for cancer and diabetes support, bereavement and help to overcome addictions. The NHS continued to run occasional clinics for Covid vaccinations as it was a convenient, central point for many people who have no means of transport. Agencies that help the longterm unemployed back into work have used The Storehouse as a base to meet clients and a Jobs Fair introducing local businesses and job opportunities was very well attended. All of these services are beneficial to the welfare and growth of the local community and the income from room hire for groups and conferencing enables us to provide a variety of services for the needy in one place. From August the local Community Connectors began to rent an office space in The Storehouse which meant that support for mental health needs was more easily accessible for Skegness residents.
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. With the help of volunteers, a new Foodbank was developed at the rear of the building providing a separate entrance, seating area and more storage space. This opened in March and allows the team more time to chat informally with Foodbank users.
With funding from Shine the planned provision for a drop-in centre for rough sleepers was completed. The project started in May and an official opening celebration was held on 19[th] July. The designated area provides a safe space for the council Rough Sleepers team to carry out assessments. They can refer the homeless to the new Restore Centre for hot meals, showers and laundry facilities while they are helped to get back on their feet. The centre encourages the homeless to socialise and build better relationships, potentially reducing anti-social behaviour.
Additional funding for the Foodbank, Restore Centre and other community projects is generated by the Re-Store Charity Shop, run by a team of volunteers. It also enables local residents with limited income to purchase clothes and small household items cheaply.
Lunchbox 5000 continues to be well attended providing a free three course meal to around 50 people every month. As well as a tasty, nourishing meal it is a relaxed opportunity for all sorts of people to gather and socialise, including Foodbank clients, the homeless and isolated, lonely members of the community. It is run by a team of
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THE STOREHOUSE
ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 CONTD…..
Activities and Achievements this Year contd….
enthusiastic volunteers. A very successful Christmas meal was hosted at The Storehouse with donations from local businesses and cooked by the Lunchbox team.
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 increased its sponsorship to four children in Rwanda through Compassion. Gifts were given to Christian Aid and Acorn for counselling training. A contribution was also made towards a trip to help with a building project in Romania and a gift to support the work of The Storehouse church in Alford. Basic items of clothing and shoes were regularly provided for new asylum seekers who often arrive with only the clothes that they are wearing.
Financial Position and Reserves
This year the charity has had an excess of income over expenditure.
| Figures for | 2023: | Total receipts | 227,197 |
|---|---|---|---|
| Total payments | 188,867 | ||
| __ | |||
| Increase in funds | 38,330 | ||
| ══════ | |||
| Total Reserves | 83,015 | ||
| ══════ |
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 Thomas Dant Elizabeth Margaret Middleton Michael Hippey Graham Burnby-Crouch David Lofthouse
Volunteers
The charity continues to rely on the support of volunteers to help run the Foodbank, Charity Shop, Restore Centre, wellbeing groups and activities. Around 30 volunteers are involved and give around 150 hours a week in practical tasks. The emotional support that they offer is also invaluable and contributes to the success of the community projects. Their value is celebrated by organising a Christmas meal to say thank you.
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 24 March 2025 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 2023 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
25 March 2025
THE STOREHOUSE
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RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023
| Receipts Grants, Donations and Offerings: Grants New Build Offerings Donations Other Income: Gift Aid Reclaim Storehouse Sales Ltd receipts Bank Interest Charity Shop Total Receipts |
Restricted Unrestricted 2023 2022 £ £ Total Total £ £ 36,102 - 36,102 35,178 - 120 120 440 - 124,493 124,493 117,101 _ _ _ _ 36,102 124,613 160,715 152,719 ══════ ══════ ══════ ══════ - 20,846 20,846 5,788 - 38,933 38,933 35,000 - 60 60 6 - 6,643 6,643 4,601 _ _ _ _ - 66,482 66,482 45,395 ══════ ══════ ══════ ══════ 36,102 191,095 227,197 198,114 ══════ ══════ ══════ ══════ |
|---|---|
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THE STOREHOUSE
RECEIPTS AND PAYMENTS ACCOUNT CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023
| 2023 | 2022 | |||
|---|---|---|---|---|
| Restricted | Unrestricted | Total | Total | |
| £ | £ | £ | £ | |
| Payments | ||||
| Direct Charitable Expenditure: | ||||
| Donations and Gifts | 11,827 | - | 11,827 | 18,162 |
| Wages | 1,682 | 81,560 | 83,242 | 91,930 |
| Social Security | - | 1,025 | 1,025 | 464 |
| Pension | - | 1,595 | 1,595 | 1,327 |
| Light and Heat | - | 6,626 | 6,626 | 6,874 |
| Rent and Rates | - | 3,549 | 3,549 | 3,864 |
| Insurance | - | 4,839 | 4,839 | 4,470 |
| Repairs | - | 9,855 | 9,855 | 2,616 |
| Cleaning | - | 4,121 | 4,121 | 4,229 |
| Telephone | - | 1,113 | 1,113 | 1,378 |
| Postage and Stationery | - | 753 | 753 | 422 |
| Food Larder | 13,797 | - | 13,797 | 5,644 |
| Pastors Expenses | - | - | - | 358 |
| Events | - | - | - | 901 |
| __ | __ | __ | __ | |
| 27,306 | 115,036 | 142,342 | 142,639 | |
| ══════ | ══════ | ══════ | ══════ | |
| Governance Costs: | ||||
| Accountancy | - | - | - | 1,470 |
| __ | __ | __ | __ | |
| - | - | - | 1,470 | |
| ══════ | ══════ | ══════ | ══════ | |
| Other Expenditure: | ||||
| Subscriptions | - | 1,240 | 1,240 | 1,271 |
| Building Conversion | - | 15,000 | 15,000 | 43,612 |
| Mortgage | - | 20,271 | 20,271 | 12,618 |
| Sundry | - | 1,330 | 1,330 | 448 |
| Training | - | 206 | 206 | 255 |
| Travel | - | - | - | 458 |
| Equipment | 519 | 620 | 1,139 | 680 |
| Computer and Software | - | 1,824 | 1,824 | 1,689 |
| Volunteer’s Expenses | - | 336 | 336 | 306 |
| __ | __ | __ | __ | |
| 519 | 40,827 | 41,346 | 61,337 | |
| ══════ | ══════ | ══════ | ══════ | |
| Total Payments | 27,825 | 155,863 | 183,688 | 205,446 |
| ══════ | ══════ | ══════ | ══════ | |
| NET INCOME/ (DEFICIT) FOR THE YEAR | 8,277 | 35,232 | 43,509 | (7,332) |
| Mortgage Capital Repayments | - | (5,179) | (5,179) | (6,589) |
| __ | __ | __ | __ | |
| Net movement in funds | 8,277 | 30,053 | 38,330 | (13,921) |
| Cash funds brought forward | - | 44,685 | 44,685 | 58,606 |
| __ | __ | __ | __ | |
| Cash funds carried forward | 8,277 | 74,738 | 83,015 | 44,685 |
| ══════ | ══════ | ══════ | ══════ |
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THE STOREHOUSE
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2023
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Fixed Assets | ||||
| Freehold property | 328,609 | 328,609 | ||
| Improvements to Property | 43,612 | 43,612 | ||
| Plant & Machinery | 485 | 606 | ||
| Computer Equipment | 3,502 | 376,208 | 3,240 | 376,067 |
| __ | __ | |||
| Current Assets | ||||
| Stock | 1,300 | 1,300 | ||
| __ | __ | |||
| Debtors Due Within One Year | ||||
| Other Debtors | 3 | 3 | ||
| PAYE | - | 410 | ||
| __ | __ | |||
| 3 | 413 | |||
| __ | __ | |||
| Cash Funds | ||||
| Current Account | 24,472 | 15,022 | ||
| Postal Account | 77 | 77 | ||
| Charity Saver Account | 88 | 87 | ||
| Cash | 800 | 240 | ||
| Restore Account | 43,529 | 22,887 | ||
| Elevate Account | 11,061 | 4,006 | ||
| Building Account | 2,988 | 2,366 | ||
| __ | __ | |||
| 83,015 | 84,318 | 44,685 | 46,398 | |
| __ | __ | |||
| Debtors Due After One Year | ||||
| Storehouse Sales Ltd | 66,048 | 79,319 | ||
| __ | __ | |||
| Total Assets | 526,574 | 501,784 | ||
| ══════ | ══════ | |||
| Creditors Due Within One Year | ||||
| Accountancy fees | 3,276 | 1,580 | ||
| Pension | 325 | 590 | ||
| PAYE | 897 | - | ||
| __ | 4,498 | __ | 2,170 | |
| Long Term Liabilities | ||||
| Mortgage | 242,790 | 247,970 | ||
| __ | __ | |||
| Total Liabilities | 247,288 | 250,140 | ||
| ══════ | ══════ |
Approved for and on behalf of the charity on 24 March 2025.
Mr T C DANT Trustee
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THE STOREHOUSE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. RELATED PARTY TRANSACTIONS
Storehouse Sales Ltd, the trading entity of The Storehouse, donated profits of £7,934 for the year to 31 December 2023. As at the balance sheet date this amount is included within Debtors Due After One Year.
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