2022-06-30-accounts - The Grain House Trust

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CharityInformation
Reportof theTrustees	2-B
Reportof the IndependentAuditors	9-11
ConsolidatedStatementofFinancial Activities	12
Balance sheets	13
StatementofCashFlows	t4
NotestotheConsolidated Financial Statements	75-22

SENIORPASTOR	MrACLawrence
COMPANYSECRETARY:	MrC RBurrell
REGISTERED OFFICE:	AltonMaltings Centre
	MaltingsClose
	Alton
	HampshireGU341DT
CHARITYNUMBER:	1096632
COMPANY NUMBER:	4626536
AUDITORS:	Scott VeversLtd
	Chartered Accountants& Statutory Auditors
	65EastStreet
	Bridport
	DorsetDT63LB
BANKERS:	TheCo-operative BankPlc
	POBox101
	1 BalloonStreet
	Manchester
	M6O 4EP

	E
RestrictedFunds
Investedinfixedassets	803,328
Otherfundsheldon shorttermbasis	98,138
		907,466
Designatedfunds
AltonMaltings Centre CIC net assets
Otherfunds held on shorttermbasis	3,500
		3,500
Generalfunds
Investedinfixedassets	2,799,706
Free reserves	65,320
		2,264,426
Totalreserves		3,169,392

		Unrestricted Restricted	Unrestricted Restricted	Unrestricted Restricted	Total	Total
		GeneralDesignated fundsfunds		funds	2022	202L
		E		E	E	E
Income and ExEenditure
Incomeandendowmentsfrom:
Donations andsimilarincome	4	224,049		189,481	413,530	405,264
Charitableactivities	5	387			387	s33
Othertrading activities	6	-	98,514		98,514	33,598
Investments(Bankinterest)		19			19	45
Totalincome		224,455	98,514	189,481	572,450	439,440
Expenditure on:
Raisingfunds:
Costsofgoods sold andother
costs	7		46,679		46,679	32,731
Charitableactivities	B	77,986	20,788	291,554	330,328	359,633
Total expenditure		t7,986	67,467	297,554	377,007	391,764
Netincome/(expenditure) forthe	year	206,469	31,047	(702,073)	735,443	47,676
Grosstransfersbetweenfunds		31,047	(31,047)
Netmovementinfunds		237,576		(L02,073)	135,443	47,676
Reconciliationoffunds
Total fundsat1st July 2021		2,026,970	3,500	1,003,539	3,033,9492,986,273
Total funds at 30thJune 2022		2,264,426 3,500		907,466	3,t69,3923,033,949

		Consolidated 2022 202t	Consolidated 2022 202t	Charity 2022 202L	Charity 2022 202L
		EE		E	E
Fixed Assets
Tangibleassets	11	3,227,5t8	3,263,927	3,227,5L8	3,263,927
Current assets
Stocks	t2	681	369
Debtors Cashatbankand inhand	13	24,93223,739 t71,075275,749		57,576 126,939	29,330 204,502
		196,688239,857		184"515	233,832
Creditors: Amountsfallingduewithin oneyear	74	(73,091)	(146,495)	(60,918)	(740,470)
Netcurrentassets(liabilities)		123,597	93,362	723,597	93,362
Totalassets lesscurrent liabilities		3,351,115	3,357,289	3,351,1153,357,289
Creditors: Amountsfalling aftermore
thanoneyear	15	(78L,723)	(323,340)	(187,723)(323,340)
Net Assets		3,769,392	3,033,949	3,!69,392	3,033,949
Thefundsof the charity:
Restricted incomefunds	77	901,466	1,003,539	901,466	1,003,539
Unrestricted incomefunds:	16
Designatedfunds		3,500	3,500	3,500	3,500
Generalfunds		2,264,426	2,026,970	2,264,426	2,026,9L0
Totalcharity funds		3,769,392	3,033,949	3,769,392

ASAT3OTHJ	UNE20	22
Notes		2022	202L
Net cashflow from operatingactivities22	O,E.EE 187,690			97,018
Cashflow from investing activities
Paymentstoacquiretangible fixedassets
Interestreceived		19	45
Net cashflow frominvestingactivities			19	45
Cashflow from financing activities Repaymentoflongtermloans Interestpaid	(223,486) (8,897)		(16,748) (9,742)
Net cashflow from financingactivities		(232,383)		(26,490)
Net increase/(decrease) incashandcashequivalents		(44,674)		70,573
Cashand cashequivalentsatlstJuly2021		215,749		t45,776
Cashand cashequivatentsat30th June 2022

ltonMaltings Centre CommunityInterestCompany.The	summarypeformanceof the charity alon	eis:
	2022	202t
	L	L
Income	473,936	405,842
Income fromsubsidiary company	3L,047	6,225
	444,983	412,067
Expenditure	(309,540)	(364,241)
Surplus/(Deficit)	135A43__4?,826

Donationsandsimilarincome
	Unrestricted	Restricted	Total	Total
	funds	funds	2022	2021
	f_	[.	L	E
Cashofferings	26,680	778,202-	744,882	22,610
Giving undergiftaid	150,023		150,023	189,571
Income taxrefunds	38,691		38,691	45,851
Buildingfund offerings		8,583	8,583	6,665
Buildingfund giving undergiftaid		46,880	46,880	57,580
Buildingfundincometaxrefunds		17,416	77,476	L4,028
Christians Against Poverty income		4,400	4,400	3,430
Otherincome	8,655		8,655	65,529
	224,049	189,481	413,530	__405,264_

Incomefrom charitable activities
	Unrestricted	Restricted	Total	Total
	funds	funds	2022	2027
	f.L		L	L
Income fromcharitabletradingactivities:
Christian bookshopsales	203		203	368
Other events	tB4		184	165
	387		387

6	FOR THEYE Othertrading activities	AR ENDED3OTHJU	NE2022
		Unrestricted	Restricted	Total	Total
		funds	funds	2022	2027
		L	f_	E	E
	AltonMaltings Centre hire charges	98,514		98,574	33,598
		98,514		98,514	33,598
7	Costsofgoodssoldandothercosts
		Unrestricted	Restricted	Total	Total
		funds	funds	2022	2027
		f_L		E	f
	Rafterscoffeeshop costs				19,695
	AltonMaltings Centre hire expenses	46,679		46,679	72,436
		46,679		46,679	___32,131_
8	Charitableactivities
				Total	Total
				2022	202t
				L	[_
	Church-pastoral and teaching			1g1,B3g	205,039
	Youthandchildren'swork			1,694	1,329
	Communityprojects			7,500	4,461
	Christian book shop			49	472
	Christian missionand relief work			78,673	4t,948
	AltonMaltings Centre-buildingcosts			770,573	706,444
	Naturalclassification:-			-3'm28_	-srr
	Staffcosts(including travelandtraining)			751,771	168,533
	Bookshop purchases			49	472
	Meetings and activities			15,588	7,102
	Premisescosts			59,983	55,312
	Giftstoother organisations,missionariesandindividuals			2t,763	47,455
	Mortgageandloaninterest			8,897	9,742
	Office costs			12,776	7,989
	Depreciation			36,409	36,409
	Governancecosts
	Audit/Accountantsfees			5,760	6,492
	Professional fees			17,332	20,188
				J-m'p-E_	-tr'Fr

Thecostsof all staffwere:
	2022	2021
	L	E
Wages and salaries	169,94!	t77lgt
Redundancy		2,025
Social security costs	It,237	10,584
EmployersPensioncontributions	3,237	3,940
	784,403	793,740

Noemployee earned morethan t60,000duringtheperiod.The avera employedbythe charity during theyear wasasfollows:	gefull timeequivalent	numberofstaff
	2022	202t
	No	No
Averagefulltime equivalentnumberof staffemployed	5,0	64
Average numberofemployees (headcount)	6,8	2.4
1OSubsidiary Undeftaking
Theresultsof thesubsidiaryfor theyearwereasfollows:-
	2022	2021
	L	E
Income fromthird paties	98,574	33,598
Services providedto TheGrainHouseTrust	18,772	77,493
	117,286	45,091
Expenditure	(86,239)	(39,016)
Operating(loss)/profit	31,047	6,075
LicencefeepaidtotheGrainHouseTrust	(2,000)	(2,000)
LoanInterestpaidtotheGrainHouseTrust	(ss2)	(ss1)
Profitbeforecharitabledonations	28,495	3,524
Donation undergiftaid to theGrainHouseTrust	(28,495)	(3,674)
(Loss)/profit for the year	-	__(1so)_
Aggregate assets(liabilities)	-	__--------

FOR 11Tangiblefixedassets	THEYEAR ENDED3OTHJU	THEYEAR ENDED3OTHJU	NE2022
	FreeholdFixtures,			Alton
	propety	fittings&	Charity	Maltings	Group
	Lf-L	equipmentTotal		CentreCIC E	Total E
Cost
At1stJuly2021	3,806,161	347,743-	4,153,904_	77,503	4,171,407_
Additions
At30thJune2022	3,806,161347,743		4,753,904	17,503	4,t77,407
Depreciation
At1stJuly 2021	542,234	347,743	889,977	77,503	907,480
Chargefortheyear	36,409		36,409		36,409
At30thJune2022	578,643	347,743	926,386	t7,503	943,889
Net book value
At30th)une2022	3,227,578		3,227,5t8		3,m,sn
At30th June2021	3,263,927		3,263,927		3,263,927
L2Stocks		Group		Charity
		2022	2027	2022	2021
		L	L	L	f
Bookshop,coffeeshop andsundry	stocks	68i	369
13Debtors
		Group		Charity
		2022	2027	2022	2027
		LL		L	L
Operational debtors		74,292	12,564
Incometaxrecoverable		3,843	4,490	3,843	4,490
Amountsowedbygroupundertakings				50,274	20,767
Otherdebtors andprepayments		6,797	6,685	3,459	4,079
		*flcz*23I3e		57,576	,g,330

interestis being chargedat 3.5%aboveb Creditors: amountsfallingduewithin	ankbase rate. oneyear
	Group		Charity
	2022	2027	2022	2027
	f_	L	f_	L
Repayments dueon bankloans	43,361	125,230	43,367	t25,230
Operationalcreditors	15,285	9,275	8,427	7,478
Social security andothertaxes	5,283	2,378	5,283	2,378
Accruals anddeferredincome	9,t62	9,612	3,853	5,384
	73,091	746,495	60,918	740470

Creditors: amountsfalling aftermoretha	noneyear
	Group		Charity
	2022	2021	2022	202t
	f_	f_	f.	L
Bankloans:
Amountsrepayableinoneto twoyears	42,957	58,725	42,957	58,725
Amountsrepayable intwotofiveyears	734,740	784,222	r34,740	184,222
Amounts repayable morethan fiveyears	4,032	80,393	4,032	80,393
	l9r,723	323,340	78t,723	323,340

UnrestrictedFunds
	Balanceat	Net	UnrestrictedRestricted		Balanceat
	lJuly	Income	Fund	Fund	30June
	202L		TransfersTransfers		2022
	E	E		E	i.
Designated funds:
Traininganddevelopment	3,500				3,500
AltonMaltings CentreCIC		37,047	(31,047)
	3,500	31,047	(37,047)		3,500
General FundsofCharity	2,026,9r0	206,469	37,047		2,264,426
	2,030A10	23r,5t0	_	_	226?,926

F RestrictedFunds	ORTHE YEAR E	NDED3OTHJ	UNE2022
	Balanceat				Balanceat
	lJuly				30June
	202L	Income	Expenditure	Transfers	2022
	E	E	E	c.	E
Building capitalfund	839,737		(36,409)		803,328
Buildingfund(ongoing giving)	150,230	78,272	(232,382)	96,318	92,438
Caringfund	(1,194)	204	(7,766)	8,806	6,050
Stepping stones	B6	442	(738)		(210)
ToyLibrary	2,948	184			3,t32_
GiftDay-October 2020	8,806	705,979	(9,661)	(L05,L24)
Christians AgainstPovety	2,926	4,400	(10,598)		(3,272)
	1491,s3e	__192481_	QeJ,ss4)	_	:01,466

	UnrestrictedDesignated	UnrestrictedDesignated	Unrestricted	Restricted	Total
	funds	funds	total	funds	funds
	f[.		f.	L	f.
Tangiblefixedassets	2,424,790		2,424,L90	803,328	3,227,578
CurrentAssets	B2,BB0	75,670	98,550	98,138	196,688
Creditors:amountsfallingdue withinone year	(60,921)	(12,170)	(73,091)		(73,091)
Creditors:amounts fallingdue
aftermorethanone year	(78L,723)		(787,723)		(181,723)
	2264,426	3^500	2,261229	90r,466	__3,169;92_

Thefollowing amounts werepaidto AndrewLawre	nce(Trustee)inhis capacityaschurchleader:
	2022	202L
	E	L
Salary	42,680	42,432
Pension payments	4,560	3,420

Financialinstruments Categorisation offinancialinstruments
	Group				Charity
	2022		2021		2022		2021
	E		L		E		L
Financial assetsthataredebt instrument measuredat amortisedcost	192'526		234,686		181,056		229,753
Financialliabilitiesmeasuredatamortised.o,t@		:	469,835	:	242,641	:	463,810

	2022	202t
	E	L
Net incomeforyear	t35,443	47,676
Interestreceivable	(1e)	(4s)
Interestpayable	8,897	9,742
Depreciationand impairment of tangible fixedassets	36,409	36,559
(Increase)/decreaseinstock	(312)	105
(lncrease)/decrease in debtors	(1,193)	(5,234)
Increase/(decrease)increditors	8,465	8,215
Net cashflow from operatingactivities	187,690	97,078