2022-12-31-accounts - The Warehouse Trust

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		Page	Page
Report ofthe Trustees	1	to	3
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet	6	to	7
Notes to the Financial Statements	8	to	15
Detailed Statement ofFinancial Activities	16	to	17

	Year Ended 31Decemb	er 2022
		31.12.22	31.12.21
		Unrestricted	Total
		fund	funds
	Notes
INCOME AND ENDOWMENTS FROM
Charitable activities			11,002
Grants received
Other trading activities		70,904 8	71,595 I
Investment income			50
Other income
Total		70,912	82,648
EXPENDITURE ON Raising funds		82,598	70,310
NET INCOME/(EXPENDITURE)		(11,686)	12,338
RECONCILIATION OF FUNDS Total funds brought forward		508,540	496,202
TOTAL FUNDS CARRIED FORWARD		496,854	508,540

	Balattce Sheet 8I December 2022
		31.12.22	31.12.21
		Unrestricted	Total
		fund	funds
	Notes
FIXEDASSETS
Tangible assets		35,204	8,004
Investments
tnvestment property	9	700,000	700,000
Social investments	10	100	100
		735,304	708,104
CURRENT ASSETS
Debtors		2,754	7,539
Cash at bank and in hand		13,325	3,517
		16,079	11,056
CREDITORS
Amounts falling due within one year	12	(15,211)	(34,672)
NET CURRENT ASSETS		868	(23,616)
TOTAL ASSETSLESSCURRENT
LIABILITIES		736,172	684,488
CREDITORS
Amounts falling due after more than one year	13	(239,318)	(175,948)
NET ASSETS		496,854	508,540
FUNDS	15
Unrestricted funds		496,854	508,540
TOTAL FUNDS		496,854	508,540

				31.12.22	31.12.21
					f,
	Hot desk income				698
	Cafe rentals			19,500	18,000
	0%cerentals			42,208	42,513
	Room hire			4,794	406
	Refreshments			1,938	244
	Gallery Sales Recharged costs Service charges Donations			343 1,680 74 5	7,000 1,680 385 47
	Leisure workshops			322	622
	Equipment Hire			40
				70,904	71,595
3.	INVESTMENT INCOME			31.12.22	31.12.21
	Interest receivable	- trading
4.	RAISING FUNDS
	Raising donations	and	legacies	31.12.22	31.12.21
	Support costs			66,899	51,678
5.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated after charging/(crediting):
				31.12.22	31.12.2 I
	Depreciation - owned assets Surplus on disposal of fixed assets			5,530	1,412 (50)

COMPARATIVES F	OR THE STATEMENT OF FINANCIAL	ACTIVITIES
		Unrestncted
		fund
INCOME AND ENDOWMENTS FROM
Charitable activities Grants received		11,002
Other trading activities		71,595
Investment income Other income		I 50
Total		82,648
EXPENDITURE ON Raising funds		70,310
NET INCOME		12,338
RECONCILIATION OF FUNDS Total funds brought forward		496,202
TOTAL FUNDS CARRIED FORWARD		508.540

DEBTORS:AMOUNTS	FALLING DUK WITHIN ONE YEAR
		31.12.22	31.12.21
			f
Trade debtors		707	1,659
Other debtors		37	5,206
VAT		2,010
Prepayments			674
		2,754	7,539
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR		31.12.22	31.12.21
			f
Bank loans and overdrafts Trade creditors Other liabilities Accruals VAT Other creditors	(see note I4)	4,200 2,805 1,885 6,306 15	18,310 8,763 1,570 1,434 2,648 1,947
		15,211	34,672

	for the Year Ended 31De	cember 2022
13.	CREDITORS: AMOUNTS FALLING DUE AFTER	MORE THAN	ONE YEAR
			31.12.22	31.12.21
	Bank loans (see note 14)		239,318	175,948
14.	LOANS
	An analysis ofthe maturity ofloans is given below:
			31.12.22	31.12.21
				f,
	Amounts falling due within one year on demand:
	Bank loans		4,200	18,310
	Amounts falling between one and two years:
	Bank loans - 1-2years		4,200	18,310
	Amounts falling due between two and five years:
	Bank loans - 2-5 years		12,600	54,930
	Amounts falling due in more than five years:
	Repayable by instal ments:
	Bank loans more 5 yr by instal		222,518	102,708
15.	MOVEMENT IN FUNDS
			Net
			movement	At
		At 1.1.22	in funds	31.12.22
	Unrestricted funds
	General fund	508,540	(11,686)	496,854
	TOTAL FUNDS	508,540	(11.686)	496.854

	for the Year Kadetl 31	December 2022
		31.12.22	31.12.21
		f	f
INCOME AND KNDOWMKNTS
Other trading activities
Hot desk income			698
Cafe rentals		19,500	18,000
Office rentals		42,208	42,513
Room hire		4,794	406
Refreshments		1.938	244
Gallery Sales		343	7.000
Recharged costs		1,680	1,680
Service charges		74	385
Donations		5	47
Leisure workshops		322	61'7
Equipment Hire		40
		70,904	71.595
Investment income
interest receivable - trading
Charitable actlvilies
Grants			I 1.002
Other income Gain on sale oftangible	fixed «ssets		50
Total incoming resources		70,912	82,648
EXPENDITURE
Other trading activities Mallagcntent fees Gallery Casts Workshop Costs		14020 I 446 23l	I4,902 3,643 87
		I5.699	18,632
Support costs
Management Postage and stationery Carried fnnvard		SI Sl	57 57

	for the Year Ended 31	December 2022
		31,12.22	31.12.21
Management
Brought forward			57
Subsistence costs			99
		51	156
Finance
Bank charges		'1,649	4,015
Bank interest		14,858 ~	7,954
		16,507	11,969
Human resources
Rates and water		(497)	4,598
Insurance		4,207	4,680
Light and heat		7,636	5, 173
Telephone &broadband		6,698	6,293
Repairs &maintenance		12,573	6,828
Rent		250	250
Other oNce costs		180	2
Refreshments		1,728	202
Caretaker			60
Computer supplies &IT Cleaning Workshop costs	costs	1,856 6,172 219	2,217 4,637 456
		41,022	35,396
Other
Motor vehicle expenses Depreciation oftangible	fixed assets	5,530	47 1,413
		5,530	1,460
Other 2
Advertising		696
Governance costs
Accountancy fees		3,093	2,748
Total resources expended		82,598	70,310
Net (expenditure)/income		(11,686)	12,338