REGISTERED COMPANY NUMBER: 115807759 (Eng1¥4nd and Wales) REGISTERED CHARITY ￿'UmBER. 1120851 Report of the Trnstees and U￿udhed Fltt*n¢i41 Ststements for th¢ Ye*r Ended 31 December 2020 for Th¢ w￿ebO￿le Tnut Probusiness Ltd St LawtrTr¢¢ Lodge 37 Chamberlain Street Wells BA5 2PQ The Warehouse Trust Contents of the Flnaneial Statements for the Year Ended 31 Dettmber 2020 Report of the Trnste Independent ExAmlner'$ Report Statement of Th*D¢tsI A¢th*l Balan¢e Sheet 6 to 7 Notes to the Financi￿ Statements 8 to 15 Detslled Statemettt of With*nti￿ Adivitsa 16 to 17 The Warebouse Trust Report of the Trnstees for the Year Endtd 31 De¢ember 2020 Thc trustees who are also directOTS of the charity for the purFKWS of the Companies Act 2006, present their rew>rt wiih the financiaI statements of the charlty for the year end¢d 31 December 2020. The tn￿teeS have adopted th¢ provisions of A¢counling and Reportin8 by Charities: Ststemenl of Recommended Practice applicable ts) charities preparing their accounts in accord￿ with th¢ Financia] Rwrting StaI￿rd applicable in the UK and Republic of Ir¢land (FRS 102) (effective l January 2015). OBJECTIVES AND ACTIVITIES Objectives and *in The TLusiees hav¢ taken on the manag¢tneni of the Warehouse I￿]lding for economic And social well-being of the Lang￿￿ aT¢a and to ensure long terni preseryation of the bjilding. The objects of the company are for the benefit of the ￿le of Somet5et to: Prescrvc the historical. architectural and constructional heritage that may exist ill 8nd around Langport buildings of particular E*auty or historical. wchitectural or conStr￿10nal interest and promote sustainable development for the benefit of the public by: the preservation. co￿atIon and the w)tethion of the environmental and the prndent use of nalural resources. the relief of poi'erty and th¢ improv¢m¢nt of the condition of life in socially and ¢C4)nomi￿11Y disadi'antagcd communities; and the promotioll of Sustai￿ble means of acbieving economic gromrth and regenerdlion. The Company continues to maintsin the bistLYic wareknuse lisfed buildtng in lang￿rt. A uniquc year confronted us from March 2020 onwards, &$ ¢xp¢ri¢nccd by every business, family and indiiidual. Little needs to be said other than many of the I￿al community actii'ities had to be ¢an¢elled due to the Covid 19 outbreak. Our office iet)ants g¢nernlly were able io usc thcir space as and when Government rul¢s allowed, we appttciated their SUp￿rt in paying rents according to their ￿h¢d￿l¢s. The Kitchen café's new management only started in 2019 al￿ w&5 badly hit by the closed periods of the pandemic but their work and seThice was much appreciaied in the summer when they were able to offer a w¢lcome ai the riverside locatio Another innov￿10￿ due to the inability to hold some of the commwiity activities in the Stsckey R(M)m. was to open an art gallery in the aullllnn months. something that could be done with suitable mask wearing arrdngements and social distan¢in& In allowing I￿81 artists to display their work it gave them a chance to create income and expose their work to a new audience. It be nthed that the level of art and d¢sigD Wds great credit and many vw attta¢tive works w¢T¢ displaye& it Prov￿ $0 successfi￿ that there will be an attcmpt to rcq>pcn in 2021 wlKn legal to do so. Creating a virtiK)us circle we also welcomed a picture framer to our rank of tenants. Publlc benefit Th¢ trustees have refetred to the guidaTJce contained in the Charity commi&gion's general guidance on public ben¢fit when revieuwg the aims and objertives and in planning our fvture activities. In particular. the trustees consider how planned activities will contribute to the aims and objxtiv¢s they ha￿ set whilst particularly making sure we maintain a solid and wsitive finallC￿ positio The Warehouse Trust Report of the Trustees for the Year Ended 31 December 2020 ACHIEVEMENT AND PERFORMANCE Achievements and Perfornianee The huge disruptions meant that many of ihe elements we would nornially evaluate for standard of perforniance were limited. Howev¢r, through the periods when we were open our o￿tationS w¢re positive and succe&8ful, we beD¢fited from almost fvll leiTels. The Stuckey eornrnunity room was underutilized and we were not able to off¢r refreshments to groups as P￿d been planned and was part of our previous element of serrice and anwrne generator. As noted aboi'e we used it as an art galEery when l¢gal to do so. We have appreciated that throughout the year we have had the support of the various tenants and parws. 2020, d¢spit¢ the challenges and emtic OF￿]￿8 times. has seen a corL801idation of all tbe work being done ai the Ivharfin PTomotin8 hot-d¢skin& office rentsls particularly. Office rentals have been goL)d for the year securing our prim4ry source of income. Our costs have been well contsined and strongly ¢ontn)Iled to minimize them. As a Grade 11 listed building we try to raise the cash for repairs and improvemenis. We redecorntoj the community ri)om in 2020 as part of this on-going repair prograimnc. We are looking at ways to upgrnd¢ the boilcr system and other external work in 2021 .We will to be lookmg at &vailable grants ihat may &ssist in furtb¢ring and accelerating our improvement works. Our activities are regularly promoted on our websi*. the promotion screen in the lobby of th¢ building (when open) and perhaps thankfillly via our tenants and friends who have been very supp￿rtIVe. The day-torflay operdtion continues to well by the Somersd Bwsiness Agency. on behalf of the trustees. This remains to be a succe&8ful paTthership and plans continue to mol'e forward to deepen and strengthen the relationship. The cafe operauon under the new manweni of Ki￿hen has seriously sutTered from the pandemic closing patterns. We are ple&sed they have been able to suThii'e the challenges and trust that as we move into 2021 they will be able to continue their plarLS to further deNTlop the IMLSit￿Ss and offer the community a welcome facility. One of the great areas within the wareho￿ curtiiage is the external river bank and we hope they will be able io make li even more co1(￿fUl and exciting dellinwion to iK)th I￿1$ and visitors Financially the Warehouse TTUSt has F*rfoTnMI in a satisfa¢tiyry DwJn¢r. The protection thc government relief provided has assisted ID keeping the expenses under control and a m(NJe5t profit to supp)rt the chaTity. We hai'¢ Mainlain￿ CT¢dibl¢ cash tlow management and fulfilled our obligations to fully pay interesi and repayments on the loans associated the set-up of the charity. sTRU￿uRE GOVERNANCE AND MANAGEM Governing document The cbarity is controllcd by its governing documeni, a deed of Inis¢ and Constilutes a lin)ited company. limited by guarani¢e, as d¢fmed by th¢ Conwatiies Act 2￿. REFERENCE ADmI￿lSTRATIvE DETAILS Registered CompAny llumber 05807759 (England and Wales) Re￿tered Charity number 1120851 Reglstered office Great Bow Ivharf, The Slate Sore Bow Sty¢et Langport Somerset TA109PN Pa8e2 The Warehouse Trust Report of the Trnsttts for the Year Ended 31 December 2020 Tru5tee8 Mrs J M F May DiTector C R Sills Rdired D N L Yeomans County Councillor Mrs S E Shipway (appointed 28.121) Jlldepend¢nt Es•mlDer Probusiness Ltd St Lawrence Lodg¢ 37 Chamberlain Str¢¢t Wells Somerset BA5 2PQ Approv¢d by ord¢r of the Erfmrd of tnL￿tts on .............. .................... ......... aThJ signed on its behalf by: C R Sills- Tn￿tee Independent ExamiDer's Report to the Trnstees of The Warehouse Trust Independelll examiner's report to the trustees of The Warehouse Trust ('the Compans ) I report lo the charity InLSte¢s on my eXamI￿tion of the accounts of the Company for the year ended 31 Decemb¢r 2020. Responsibllltfies basis of rew)rt As the charitys th2stees of the Company (atKI also its dIreC￿ts foT the pwposes of CoM￿Y lttw) you are responsible for the preparation of the aecounts in accorda￿ with the Teqvirements of the CompaDics A¢t 2006 {'tbe 21X)6 A¢t'). Having satisfied myself that thc accounts of the Company are not required to ￿ audit¢d under Pan 16 of the 21)06 Act and ar¢ eligiblc for ￿￿ePendent ¢xaMinatiO￿ I report in respect of my eXami￿tion of yo ¢hariry's accounts as carried out w)der section 145 of the Charities Act 2011 nhe 2011 ACV). In carrying out my examination I have followed the Directions given by the Clwity Commisston under section 145(51 (b) of Ihe 2011 Act. Independent ex4miner's statement Sincc your charity's gross income exceed￿ £250.(MKI your examiner must be a member of a listed body. I ean conf]Tm that l am qualified to undcrtake the examination because Iam a registered member of Institute of Chartered Accountants in EDg]and & Wales whith is one of the listed bodies. I have completed my examination. I confinn that no mattus hav¢ ¢om¢ lo my artention in connection with the examination giving me cause to Etlieve: accounting records were ty)t kept in r¢spcrt of th¢ Company as required by section 386 of the 2006 the accounts do n(* accord with those records: ( the accounts do not comply with the a¢wunting rwirements of section 396 of the 2(M)6 Act other than any requirement that the accounts 8iV¢ # tru¢ aNI fair view which is not a matter considered as part of an ind¢p¢nd¢ni ¢xaminaiion; or the accounts hav¢ not b¢¢n pr¢par¢d ill a¢￿)r￿Ce with the methods and principles of the Statement of Recommend¢d Practi¢¢ for x¢ounting and rq￿rtIng by chaTities (applicable to charities prepaTing their accounts in a¢¢ordanre with th¢ Financial Reporting Standard applicable in the UK and Republic of Ir¢land (FRS 102)). I have DO Co￿en}S and hav¢ ¢om¢ across no othtr mallu3 in c(¥nnection with the examination to which attention should be draw￿ in this Ye￿rt in oth to ¢nabl¢ a proper understsndinE of the accounts lo be reached. MJBowe Prol)usin¢ss Ltd St Lawrence Lodge 37 Chamberlain Street Wells Somersei BA5 2PQ Pa8e 4 The Warehouse Trust Statement of Financial Activities for the Year Ended 31 Deeember 2020 31.12.20 Unrestricted 31.12.19 Total funds Notcs INCOME AND E￿DOwME￿Ts FROM Charitable x¢tivities SSDCIROTARYIOTHER 17,129 Otb¢r trading actiYiti¢s Jnv¢slment in¢ome Other income 53,054 67,759 391.630 Total 461,814 67,759 EXPENDrruRE ON Rai$ing funds 61,708 65,471 NET INCOME 4(K>,106 2,288 RECOI¥4CILIATION OF FUNDS Totsl funds brouKht fornrd 93,808 TOTAL FUNDS CARRtED FORWARD The Warehouse Trust BalaDce Sheet 31 De¢ember 2020 31.12.20 Unrestricted 31.12.19 Total FIXED ASSETS Tangiblc assets InveslmeDts Investment propety Social inv¢stm¢nts 6.106 323,123 io li 71M),(M)O 100 706206 323223 CURRENf ASSETS Debtors Cash at bank and in hand 12 363 13,364 6,222 13,727 8,594 CREDITORS Amowits falling du¢ within one year 13 (37,428) (39,752) NET CURREIIT ASSETS TOTAL ASSETS LESS CURREYr LIABILITIES 682.505 292,065 CREDrroRS Amounts falling due after more than one 14 (186.303) {195,969) NET ASSETS 496202 FlJThDS Unr¢stri¢t¢d fi]nds 16 496,202 TOTAL FUNDS 496202 96.096 The charitable company is entitled to exemption from audit Section 477 of the Companies Act 2006 ror th¢ y¢ar ¢n