The Warehouse Church UK
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Trustees' Annual Report
Year ended 31st December 2021
Registered Charity No. 1104359 Principal Address The Warehouse Church, 23 Mill Parade, Pillgwenlly, Newport. NP20 2JQ Previous name Newport City Church Trust Charity Trustees Mr S Aroboto - appointed 23rd June 2020 Mr R G Howells (undertakes day to day management) Mr B H Manjoro Bankers NatWest, Newport, South Wales. Governing Trust Deed dated 7th June 2004 as amended on 5th October 2022 Document This gives the Trustees unlimited powers to exercise their discretion in the discharge of their responsibilities towards the charity and imposes no special restrictions upon them. Objectives The advancement of the Christian faith, the relief of hardship and distress and the advancement of education. Activities and During the year the Trustees have been mindful of the guidance published by The Achievements Charity Commission on public benefit. The Church continued to restart its activities following the corona virus restrictions during 2020. Face-to-face meetings began again as restrictions eased during the year, with mentoring groups and youth activities resuming. Church activities also resumed in the Rhondda Valleys and we increased our support for the community there. In-person events resumed towards the end of the year with a church conference. It's aim was to provide support to members and leaders of other local churches and from around the UK as they seek to rebuild following the pandemic. The conference was a great success with over 100 attendees each day. Income increased significantly as many new members joined the congregation. Our support for members of the local community also continued to grow, with many more referrals to the Church from connections made with local organisations during the pandemic.
The Church also began an exciting new venture producing programmes for Christian television. Special funds were received to support this project. Equipment was purchased and filming began in the latter part of the year.
Risk The trustees operate a rolling programme of identifying and addressing major risks to the Management charity at their regular meetings.
Recruitment and The Declaration of Trust provides that the minimum number of Trustees shall be three, Training of New but there is no maximum number prescribed. New trustees are appointed by a resolution Trustees passed by a majority of the existing trustees as a body. Appropriate training in the duties and responsibilities of a trustee of a charitable organisation will be provided to any new trustee who may be appointed from time to time.
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The Warehouse Church UK
Trustees' Annual Report continued
Year ended 31st December 2021
Reserves policy The reserves held at the end of the year in the unrestricted funds were very small. This is after deficits in previous years mainly due to the costs necessarily incurred in the development of this new Church and its activities. Continued effort will be made by the Trustees to increase and maintain reserves at a prudent level in order to be able to meet future commitments.
The Trustees have approved the above report.
R G Howells (Trustee)
Date: 2022
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Independent Examiners' Report to the Trustees of The Warehouse Church UK
We report on the accounts of the charity (number 1104359) for the year ended 31st December 2021 set out on pages 4 to 10.
Respective responsibilities of Trustees and Examiners
The Charity's Trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is our responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
• follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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• state whether particular matters have come to our attention.
Basis of independent examiners' statement
Our examination was carried out in accordance with the General Directions given by the Charity Commission. 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 no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiners' statement
In connection with our examination, no matter has come to our attention:
- 1 which gives us reasonable cause to believe that, in any material respect, the requirements:
■ to keep accounting records in accordance with section 130 of the 2011 Act; and
■ to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act;
-
have not been met; or
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2 to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
GUILFOYLE SAGE LLP Chartered Accountants
Date: 2022
21 Gold Tops, Newport, NP20 4PG
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THE WAREHOUSE CHURCH UK
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
| Restricted | Unrestricted | Total | **Restricted ** | Unrestricted | Total | |||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | |||
| Notes | 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||
| £ | £ | £ | £ | £ | £ | |||
| Incoming Resources: | ||||||||
| Incoming resources from generated | funds | |||||||
| - Voluntary income | 2 | 12,842 | 252,651 | 265,493 | 31,480 | 175,068 | 206,548 | |
| Activities for generating funds | ||||||||
| Coffee shop income | 3 | - | 2,834 | 2,834 | - | 1,369 | 1,369 | |
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | |||
| Total Incoming Resources | £ | 12,842 £ | 255,485 £ | 268,327 £ | 31,480 | 176,437 | 207,917 | |
| ══════ | ══════ | ══════ | ══════ | ══════ | ══════ | |||
| Outgoing Resources: | ||||||||
| Charitable activities | 4 | 21,602 | 219,538 | 241,140 | 19,941 | 164,905 | 184,846 | |
| Activities to generate funds | 3 | - | 2,479 | 2,479 | - | 1,507 | 1,507 | |
| Other costs | 6 | - | 1,170 | 1,170 | - | 1,110 | 1,110 | |
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | |||
| Total Resources Expended | £ | 21,602 £ | 223,187 £ | 244,789 £ | 19,941 | 167,522 | 187,463 | |
| ══════ | ══════ | ══════ | ══════ | ══════ | ══════ | |||
| Net incoming/(outgoing) | ||||||||
| Resources for the year | (8,760) | 32,298 | 23,538 | 11,539 | 8,915 | 20,454 | ||
| Transfers between funds | - | - | - | - | - | - | ||
| Fund Balance brought forward | 15,864 | (31,637) | (15,773) | 4,325 | (40,552) | (36,227) | ||
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | |||
| Fund Balance carried forward | £ | 7,104 £ | 661 £ | 7,765 £ | 15,864 | (31,637) | (15,773) | |
| ══════ | ══════ | ══════ | ══════ | ══════ | ══════ |
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THE WAREHOUSE CHURCH UK
BALANCE SHEET AS AT 31ST DECEMBER 2021
| Restricted | Unrestricted | Total | **Restricted ** | Unrestricted | Total | |||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | |||
| Notes | 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||
| £ | £ | £ | £ | £ | £ | |||
| FIXED ASSETS | ||||||||
| Tangible fixed assets | 9 | - | - | - | - | 3,082 | 3,082 | |
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | |||
| CURRENT ASSETS | ||||||||
| Cash at bank | 7,104 | 13,695 | 20,799 | 15,864 | (393) | 15,471 | ||
| Cash in hand | - | 9 | 9 | - | 94 | 94 | ||
| Debtors | - | 2,142 | 2,142 | - | 2,194 | 2,194 | ||
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | |||
| 7,104 | 15,846 | 22,950 | 15,864 | 1,895 | 17,759 | |||
| CURRENT LIABILITIES | ||||||||
| falling due within 1 year | 10 | - | 15,185 | 15,185 | - | 36,614 | 36,614 | |
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | |||
| NET CURRENT ASSETS/( LIABILITIES) | 7,104 | 661 | 7,765 | 15,864 | (34,719) | (18,855) | ||
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | |||
| TOTAL ASSETS LESS CURRENT | LIABILITIES | 7,104 | 661 | 7,765 | 15,864 | (31,637) | (15,773) | |
| Liabilities - Amounts | ||||||||
| falling due after more than 1 year | - | - | - | - | - | - | ||
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | |||
| FUNDS | 7,104 | 661 | £ | 7,765 £ | 15,864 | (31,637) | (15,773) | |
| ══════ | ══════ | ══════ | ══════ | ══════ | ══════ | |||
| Represented by: | ||||||||
| RESTRICTED FUNDS | 11 | 7,104 | 15,864 | |||||
| UNRESTRICTED FUNDS | 661 | (31,637) | ||||||
| –––––––– | –––––––– | |||||||
| TOTAL FUNDS | £ | 7,765 | £ | (15,773) | ||||
| ══════ | ══════ |
Approved by the Board of Trustees on 2022 and signed on its behalf by:-
…………………………………….Trustee
R G Howells
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THE WAREHOUSE CHURCH UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES
Basis of Accounting
The financial statements have been prepared on an accruals basis under the historical cost convention, in accordance with the Charities Act 2011, the Charities SORP (Statement of Recommended Practice) 2019 (FRS 102) and applicable accounting standards.
The Charity is a public benefit entity.
Exemption has been taken from preparing a cash flow statement on the grounds that none of the size criteria are exceeded by the Charity.
These accounts are presented in sterling and rounded to the nearest whole (£) pound.
Going Concern
The accounts have been prepared on the going concern basis as the Trustees believe that sufficient financial support will be continued, as hitherto, from donors and major creditors while efforts are made to put in place sufficient reserves to support the work of the Church.
Incoming resources
All income arising in the year is included in the financial statements including the gift aid tax relief relating to the year but received after the Balance Sheet date.
Resources expended
Expenditure for the year is included on a full accruals basis.
Foreign Currency
Foreign currency receipts and payments are accounted for at the exchange rate ruling at the time of the transaction. Any gains or losses are therefore included in the relevant income or expenditure.
Funds structure
The Charity has no endowment funds and designates no funds for specific purposes. Restricted funds received in the year for specific projects or purposes have been expended in the year while unspent monies given for specific projects have been retained in the restricted fund. See note 11.
Stock
There were no stocks on hand at the end of the year.
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THE WAREHOUSE CHURCH UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
2. VOLUNTARY INCOME
| VOLUNTARY INCOME | |||||||
|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | **Restricted ** | Unrestricted | Total | ||
| Funds | Funds | Funds | Funds | Funds | Funds | ||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||
| £ | £ | £ | £ | £ | £ | ||
| Tithes and donations | 10,000 | 207,398 | 217,398 | - | 148,860 | 148,860 | |
| Gift aid tax rebates | - | 31,882 | 31,882 | - | 23,202 | 23,202 | |
| Grants | 2,842 | - | 2,842 | 31,480 | - | 31,480 | |
| Other income | - | 13,371 | 13,371 | - | 3,006 | 3,006 | |
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | ||
| £ | 12,842 £ | 252,651 £ | 265,493 £ | 31,480 | 175,068 | 206,548 | |
| ══════ | ══════ | ══════ | ══════ | ══════ | ══════ |
3. ACTIVITIES FOR GENERATING FUNDS
| Coffee shop | Restricted | Unrestricted | Total | **Restricted ** | Unrestricted | Total |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | |
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | |
| £ | £ | £ | £ | £ | £ | |
| Sales | - | 2,834 | 2,834 | - | 1,369 | 1,369 |
| Cost of sales | - | (2,479) | (2,479) | - | (1,507) | (1,507) |
| Wages costs | - | - | - | - | - | - |
| Card machine | - | - | - | - | - | - |
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | |
| Net income/(loss) | - | 355 | 355 | - | (138) | (138) |
| ══════ | ══════ | ══════ | ══════ | ══════ | ══════ |
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THE WAREHOUSE CHURCH UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
4. CHARITABLE ACTIVITIES
| CHARITABLE ACTIVITIES | |||||||
|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | **Restricted ** | Unrestricted | Total | ||
| Funds | Funds | Funds | Funds | Funds | Funds | ||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||
| £ | £ | £ | £ | £ | £ | ||
| Premises costs | 4,325 | 41,644 | 45,969 | 1,550 | 39,256 | 40,806 | |
| Pastoral salaries | - | 69,919 | 69,919 | - | 59,000 | 59,000 | |
| Salaries | 5,296 | 3,539 | 8,835 | ||||
| National insurance & pension costs | - | 3,642 | 3,642 | - | 4,972 | 4,972 | |
| Worship, teaching, conferences & events | - | 3,148 | 3,148 | 426 | 2,546 | 2,972 | |
| Children & youth activities | - | 962 | 962 | 2,800 | 492 | 3,292 | |
| Mission support, pastoral care & gifts | - | 19,252 | 19,252 | 13,555 | 13,555 | ||
| Guest speakers' honoraria & expenses | - | 8,681 | 8,681 | 3,332 | 3,332 | ||
| Hospitality & catering | - | 5,136 | 5,136 | - | 904 | 904 | |
| Storehouse (community outreach) | 2,501 | 1,448 | 3,949 | 13,691 | 13,691 | ||
| Media website & production | 7,650 | 23,381 | 31,031 | 7,791 | 7,791 | ||
| Telephone, printing & office costs | - | 7,529 | 7,529 | 574 | 6,530 | 7,104 | |
| Publicity & advertising | - | 428 | 428 | - | 1,335 | 1,335 | |
| Motor & travelling & hotel costs | 1,830 | 7,177 | 9,007 | 900 | 4,296 | 5,196 | |
| Rhondda Church general costs | - | 653 | 653 | - | - | - | |
| Depreciation - fixtures, fittings & equipment | - | - | - | - | 993 | 993 | |
| Support costs Note 5 | - | 22,999 | 22,999 | - | 19,903 | 19,903 | |
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | ||
| £ | 21,602 £ | 219,538 £ | 241,140 £ | 19,941 | 164,905 | 184,846 | |
| ══════ | ══════ | ══════ | ══════ | ══════ | ══════ |
Related party transactions
No remuneration was paid to any of the Trustees in their capacity as Trustees in this year or the previous year.
One Trustee was paid a salary in respect of his pastoral duties.
The wife of one of the Trustees also received salary payments in respect of her pastoral role within the Church.
Expenses incurred on behalf of the Church were reimbursed to one of the Trustees.
Trustees contribute financially to the work of the Church on the same basis as members of the congregation.
Mission support of £1,200, (2020: £1,200), was provided to Kenneth Copeland Ministries, a charity of which R G Howells is also a Trustee. This charity donated £10,000 to the Church in the year to be used for the TV Ministry project.
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THE WAREHOUSE CHURCH UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
5. SUPPORT COSTS
| SUPPORT COSTS | |||||||
|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | **Restricted ** | Unrestricted | Total | ||
| Funds | Funds | Funds | Funds | Funds | Funds | ||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||
| £ | £ | £ | £ | £ | £ | ||
| Salaries | - | 19,239 | 19,239 | - | 18,789 | 18,789 | |
| National insurance & pension costs | - | 788 | 788 | - | 123 | 123 | |
| Professional fees | - | 1,082 | 1,082 | - | 691 | 691 | |
| Bank charges | - | 1,890 | 1,890 | - | 300 | 300 | |
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | ||
| £ | - £ | 22,999 £ | 22,999 £ | - | 19,903 | 19,903 | |
| ══════ | ══════ | ══════ | ══════ | ══════ | ══════ | ||
| OTHER COSTS | |||||||
| Restricted | Unrestricted | Total | **Restricted ** | Unrestricted | Total | ||
| Funds | Funds | Funds | Funds | Funds | Funds | ||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||
| £ | £ | £ | £ | £ | £ | ||
| Accountancy & Independent examination | - | 1,170 | 1,170 | - | 1,110 | 1,110 | |
| ══════ | ══════ | ══════ | ══════ | ══════ | ══════ |
6 OTHER COSTS
7 MINISTERS' EMOLUMENTS
| MINISTERS' EMOLUMENTS | |||
|---|---|---|---|
| 2021 | 2020 | ||
| Emoluments 4 (2019: 2) | 69,919 | 59,000 | |
| –––––––– | –––––––– | ||
| £ | 69,919 £ | 59,000 | |
| ══════ | ══════ | ||
| No employee earns in excess of £60,000 per annum |
| 8 | OPERATING LEASES | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Amounts due on operating leases: | |||
| Within one year | 29,160 | 29,160 | |
| ══════ | ══════ |
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THE WAREHOUSE CHURCH UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
9 TANGIBLE FIXED ASSETS
| Sound & | Fixtures & | |||||
|---|---|---|---|---|---|---|
| lighting | Fittings | Total | ||||
| £ | £ | £ | ||||
| Cost | ||||||
| Balance at 1st January 2021 | 13,844 | 18,506 | 32,350 | |||
| Additions | - | - | ||||
| Disposals | 13,844 | 18,506 | 32,350 | |||
| –––––––– | –––––––– | –––––––– | ||||
| Balance at 31 December 2021 | - | - | - | |||
| –––––––– | –––––––– | –––––––– | ||||
| Accumulated Depreciation | ||||||
| Balance at 1 January 2021 | 10,762 | 18,506 | 29,268 | |||
| Charge for year | - | |||||
| Eliminated on disposal | 10,762 | 18,506 | 29,268 | |||
| –––––––– | –––––––– | –––––––– | ||||
| Balance at 31 December 2021 | - | - | - | |||
| –––––––– | –––––––– | –––––––– | ||||
| Net Book Value | ||||||
| At 31 December 2021 | £ | - | £ | - £ | - | |
| ══════ | ══════ | ══════ | ||||
| At 31 December 2020 | £ | 3,082 | £ | - £ | 3,082 | |
| ══════ | ══════ | ══════ | ||||
| 10 | LIABILITIES : | |||||
| AMOUNTS FALLING DUE WITHIN 1 YEAR | ||||||
| 2021 | 2020 | |||||
| £ | £ | |||||
| Purchase ledger | 10,309 | 29,631 | ||||
| Accruals | 2,203 | 2,815 | ||||
| PAYE | 2,673 | 4,168 | ||||
| –––––––– | –––––––– | |||||
| £ | 15,185 £ | 36,614 | ||||
| ══════ | ══════ |
11 RESTRICTED FUNDS
| Balance b/f Income Grants Donations Expenditure Balance c/f |
Building TV Youth Fund Storehouse ministry Project 4,325 2,339 - 9,200 2,842 10,000 (4,325) (2,501) (5,830) (8,946) - 2,680 4,170 254 |
Total 15,864 2,842 10,000 (21,602) |
|---|---|---|
| 7,104 |
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