2021-06-30-accounts - The Grain House Trust

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CharityInformation
Repotofthe Trustees	2-B
Reportof the IndependentAuditors	9-11
Consolidated StatementofFinancial Activities	72
Balancesheets	13
StatementofCash Flows	L4
NotestotheConsolidatedFinancial Statements	75-22

OTHERWORKINGNAMES:	Harvest Church Alton
TRUSTEESI	MrIM Dane (resigned25105122)
	MrC Ellis(chair) (appoinred2610L122)
	MrG Bland
	MrsADiarra
	MrPA Haddow
	MrACLawrence
	MrsS Mills
SENIORPASTOR	MrACLawrence
COMPANYSECRETARY:	MrCRBurrell
REGISTEREDOFFICE:	AltonMaltings Centre
	MaltingsClose
	Alton
	HampshireGU341DT
CHARITY NUMBER:	1096632
COMPANYNUMBER:	4626s36
AUDITORS:	Scott VeversLtd
	Chartered Accountants& StatutoryAuditors
	65EastStreet
	Bridport
	Dorset DT63LB
BANKERS:	TheCo-operative BankPlc
	PO Box101
	1 Balloon Street
	Manchester
	M6O 4EP

	Notes	Unrestricted	Unrestricted	Restricted		Total	Total
		GeneralDesignated fundsfunds		funds		202L	2020
		E		E		E	s.
Income and Expenditure
Incomeandendowmentsfrom:
Donations andsimilarincome	4	280,429		L24,835		405,264	429,040
Charitable activities	5	533				533	2,731
Othertradingactivities	6	-	33,598			33,598	94,6L8
Investments(Bank interest)		45				45	BO
Totalincome		28L,007	33,598	rz4,B35		439,440	526,469
Expenditure on:
Raisingfunds:
Costsofgoodssold andother costs	7	19,695	L2,436			32,13r	63,49t
Charitable activities	B	254,743	15,087	89,803		359,533	421,795
Totalexpenditure		274,438	27,523	89,803		391,764	485,286
Netincome/(expenditure) fortheyear		6,569	6,075	35,032		47,676	41,183
Grosstransfersbetween funds		22,973	(6,225)	(16,748)
Net movement in funds		29,542	(1so)	LB,2B4		47,676	47,783
Reconciliationoffunds
Total fundsat1stJuly2020		7,997,368	3,650	985,255	2,986,273		2,945,090
Totalfundsat30th June2021		2,026,9L0	3,5001,003,539		3,033,949		2,986,273

	Notes	Consolidated 202L 2020 EE	Consolidated 202L 2020 EE	Charity 2021 EE	Charity 2021 EE	20.2(J
Fixed Assets
Tangibleassets	11	3,263,927	3,300,486	3,263,927	3,300,336
Currentassets
Stocks	t2	369	474
Debtors Cashatbankand inhand	13	23,739 215t749	18,505 L45176	29,330 204,502		25,235 L35,642
		239,857164,155		233,832		L60,877
Creditors: Amountsfallingduewithin oneyear	14	(t46,495)(82,050)		(L40,470)		(78,772)
Netcurrentassets(liabilities)		93,362	82,105	93,362		82,105
Totalassets lesscurrent liabilities		3,357,289	3,3BZ,59L	3,357,289	3,382,44L
Creditors: Amountsfallingaftermore
thanoneyear	15	(323,340)	(396,318)	(323,340)	(396,318)
Net Assets		3,033,949 2,986,273		3,033,949	2,986,723
Thefunds ofthe charity:
Restricted income funds	t7	1,003,539	985,255	1,003,539		985,255
Unrestricted income funds:	16
Designated funds		3,500	3,650	3,500		3,500
Generalfunds		2,026,9L0	1,997,368	2,026,9L0	l,gg7,368
Totalcharity funds		3,033,949 2,986,273		3,033,949	Z,gB6,t23

	Notes	202L EEEE	2020
Net cashflow fromoperatingactivities2l		97,0L8	89,738
Cashflowfrominvestingactivities
Paymentstoacquire tangiblefixedassets
Interestreceived		45	BO
Net cashflow frominvestingactivities		45	BO
Cashflowfromfinancingactivities Repaymentoflongtermloans Interestpaid		(16,748) (9,742)	(72,825) (L2,962)
Net cashflow fromfinancingactivities		(26,490)	(85,787)
Netincrease/(decrease)incashandcashequivatents@@
Cashand cashequivalentsatlstJuly2O20		L45,L76	t4L,L45
Cashand cashequivatentsat30thJune	2021		@-
		-2L@

Financialpedormanceofcharity
Theconsolidatedstatementoffinancial activitiesincludes	theresultsof thecharity's wholly ownedsubsidiary
AltonMaltings Centre CommunityInterestCompany.Thesummary performanceof the charityaloneis: 202L 2020
	E L
Income	405,842 45r,986
Incomefromsubsidiary company	6,225 3,639
	4r2,067 455,625
Expenditure	(364,24L)(4L4,442)
Surplus/(Deficit)	47,826 41,183

Donationsandsimilarincome
	Unrestricted	Restricted	Total	Total
	funds	funds	202L	2020
	L	E	E	E
Cashofferings	18,640	3t970	22,610	27,80L
Giving undergiftaid	LsB,24L	31,330	189,571	202,742
Incometaxrefunds	38,019	7,832	45,851	46,5L4
Buildingfundofferings		6,665	6,665	L4,327
Buildingfund givingundergiftaid		57,580	57,580	65,235
Buildingfundincometaxrefunds		L4,028_	L4,028-	30,610
Caringfundgivingundergiftaid				320
Caringfundincometaxrefunds				168
Christians AgainstPovetyincome		3,430_	3,430	3,446
Otherincome	65,529		65,529	37,877
	28O,429	124,835	405,264	429,O4O

Incomefromcharitableactivities
	Unrestricted	Restricted	Total	Total
	funds	funds	2021	2020
	E	E	E	L
Incomefromcharitabletradingactivities:
Christian bookshopsales	368		368	2,73t
Other events	165		165
			533	2,73L

6	FORTHE YEA Othertrading activities	RENDED 3OTHJU	NE2021
		Unrestricted	Restricted	Total	Total
		funds	funds	2021	2020
		EE		E	E
	Rafters coffee shopsales				20,135
	AltonMaltings Centre hire charges	33,598		33,598	74,483
		33,598		33,598	__94,618_
7	Costsofgoodssoldandothercosts
		Unrestricted	Restricted	Total	Total
		funds	funds	202t	2020
		E	E	E	L
	Rafters coffee shop costs	19,695		19,695	24,688
	AltonMaltings Centre hire expenses	L2,436		L2,436	38,803
		32,131		32,L31	63,49L
8	Charitableactivities

Rafters coffee shop costs AltonMaltings Centre hire expenses E 19,695 L2,436 Charitableactivities 32,131	E E 19,695 L2,436 32,L31	L 24,688 38,803 _63,49L
	Total	Total
	202L	2020
	E.	E
Church-pastoral and teaching	205,039	224,65L
Youth and children'swork	1,329	2,679
Community projects	4,46t	9,247
Christian book shop	4t2	2,299
Christian missionandreliefwork	41,948	6,264
AltonMaltings Centre-building costs	106,444	t76,655
	J-5g;6.r	@
NaturaIclassification:-
Staff costs (includingtravelandtraining)	168,533	L75,032
Bookshoppurchases	4t2	2,299
Meetings and activities	7,L02	23,679
Premisescosts	55,311	L24,526
Giftstootherorganisations, missionariesandindividuals	47,455	19,900
Moftgageandloan interest	9,742	L2,962
Officecosts	7,ggg	L2,772
Depreciation	36,409	36,409
Governancecosts
Audit/Accountants fees	6,492	4,47L
Professional fees	20,188	9,746

hecostsof all staffwere:
	202t	2020
	f	t
Wages andsalaries	L77,LgL	793,235
Redundancy	2,025
Socialsecuritycosts	10,584	12,908
EmployersPensioncontributions	3,940	7,764
	L93,740	273,907

	No employeeearned morethanf6O,OO0duringtheperiod. Theavera employed bythe charity during theyear wasasfollows:	gefull timeequivalent nu	mberofstaff
		202t	2020
		No	No
	Averagefull time equivalentnumberof staffemployed	64	7-B
	Average numberofemployees(headcount)	7A	10.3
10	Subsidiary Undeftaking
	Theresultsof thesubsidiaryfor theyearwereasfollows:-
		202L	2020
		t	E
	Income fromthirdparties	33,598	74,483
	ServicesprovidedtoTheGrainHouseTrust	Lr,493	33,974
		45,091	t08,457
	Expenditure	(39,016)	(L05,727)
	Operating(loss)/profit	6,075	2,730
	Licencefeepaidto theGrainHouseTrust	(2,000)	(2,000)
	LoanInterestpaidto theGrainHouseTrust	(ss1)	(ss2)
	Profitbefore charitable donations	3,524	178
	Donation undergiftaidtotheGrainHouseTrust	(3,674)	(1,087)
	(Loss)/profit for theyear	(1s0)	(eoe)
	Aggregate assets(liabilities)	-	150

Tangiblefixedassets	FORTHE YEAREND	ED 3OTHJU	NE2021
	Freehold	Fixtures,		Alton
	propefi	fittings&	Charity	Maltings		Group
	equipmentTotal EEE			Centre E	CIC	Total f
Cost
AtIstJuly2020	3,806,161347,743_		4,L53,904_	17,503		4,L77,407
Additions
At 30thJune2021	3,806,161	347,743	4,t53,904	77,503		4,L7L,407
Depreciation
AtlstJuly2020	505,825	347,743	853,568	L7,353		870,921
Chargefor theyear	36,409		36,409		150	36,559
At 30thJune2021	542,234	347,743	889,977	t7	t503	907,480
Net book value
At 30thJune2021	3,263,927		3,263,927		-	3,263,927
At 30thJune2020	3,300,336		3,300,336		150	3,300,486
Stocks		Group			Charity
		202r	2020	202t		2020
		E	E	E		E
Bookshop, coffee shop and sundry stocks		369	474

Debtors
	Group		Charity
	202L	2020	202L	2020
	E	E	f.	E
Operational debtors	L2,564	5,301
Incometaxrecoverable	4,490-	4,490_	4,490	4,490
Amountsowedbygroupundertakings			20,76L	L4,567
Other debtorsandprepayments	5,685	8,7L4	4,079	6,L78
			29,330	2r23s

Creditors: amountsfallingduewith	inoneyear	inoneyear
	Group		Charity
	202L	2020	2021	2020
	E	E	E	E
Repayments dueonbankloans	L25,230	69,000	t25,230	69,000
Operational creditors	9,275	5,724	7,478	4,869
Socialsecurity andothertaxes	2,378	2,454	2,378	2,454
Accruals anddeferredincome	9,6L2	4,872	5,38.1	2,449
	t46,495	-_82,059	140,470	78,772

Creditors: amountsfallingaftermoretha	noneyear
	Group		Charity
	202L	2020	2027	2020
	E	L	E	E
Bankloans:
Amounts repayable in oneto twoyears	58,725	70,000	58,725	70,000
Amounts repayable intwo to fiveyears	t84,222	22L,000	t84,222	22t,000
Amounts repayable morethan fiveyears	80,393	105,318	80,393	105,318
	323,340	396,318	323,340	396,318

UnrestrictedFunds
	Balanceat	Net	Unrestricted	Restricted	Balanceat
	lJuly	Income	Fund	Fund	30 June
	2020		Transfers	Transfers	2021
	E	E		E	g.
Designated funds:
Training and development	3,500				3,500
AltonMaltings CentreCIC	150	6,075	(o,zzi)
	3,650	6,075	(6,225)		3,500
GeneralFundsofCharity	L,gg7,368	6,569	6,225	L6,748	2,026,9L0
	2,001,01812,644			16,748	2,030,4r0

F RestrictedFunds	ORTHEYEAR E	NDED 3OTHJ	UNE2021
	Balanceat				Balanceat
	lJuly				30June
	2020	fncome	Expenditure	Transfers	2021
	E	E	E	E	E
Building capitalfund	876,L46		(36,409)		839,737
Buildingfund(ongoinggiving)	98,447	78,273	(9,742)	(L6,748)	150,230
Caring fund	3,686	,o:	(4,980)		(1,194)
Stepping stones	86				B6
ToyLibrary GiftDay-October 2020 Christians Against Poverty	2,948_ 3,942	43,032(34,226) 3,430_(4,446)			2,948 8,806 2,926_
Specificofferings
	985,255	LU,B35	__(89,!gg-	(76,748)	1,003,539

Analysisofnetassetsbetween funds (Consolidated)	Analysisofnetassetsbetween funds (Consolidated)	Analysisofnetassetsbetween funds (Consolidated)
	UnrestrictedDesignated funds funds		Unrestricted total	Restricted funds	Total funds
	L	[.	E	E	E
Tangiblefixedassets	2,424,190		2,424,L90	839,737	3,263,927
CurrentAssets	66,533	9,522	76,055	163,802	239,857
Creditors: amountsfallingdue
withinone year	(140,473)	(6,022)	(146,495)		(146,495)
Creditors: amountsfallingdue
aftermorethanone year	_Z,g2O,gto3,500 2,026,910 ,500		2,030,470	1,003,539	(323,340) 3,033,949

Relatedpartytransactions ThefollowingamountswerepaidtoAndrewLawrence(	Trustee) inhis capacityaschurchleader:
	202L	2020
Salary Pensionpayments	42,432 3,420	4L,3L3 4,540
DonationstotallingE4t,47Oweremadeto the charitybyBtrusteesduring the year (2020 f6L,90BbyB
trustees).

Reconciliationofnetincometonetcashflow fromoperatin	gactivities
		202L	2020
		EE.
Net incomeforyear		47,676	41,183
Interestreceivable Interestpayable Depreciation andimpairmentoftangible fixedassets (Increase)/decreaseinstock (Increase)/decrease in debtors Increase/(decrease) in creditors		(4s) 9,742 36,559 105 (5,234) 8,2t5	(Bo) L2,962 37,3L8 2,002 2,t69 (5,816)
Netcashflow fromoperatingactivities	__	97,0L8	89,738