**REGISTERED COMPANY NUMBER: 07299919 (England and Wales) REGISTERED CHARITY NUMBER: 1137483** 

**Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December, 2020 for** 

**THE STOREHOUSE CHURCH ALFORD Ltd** 



**THE STOREHOUSE CHURCH ALFORD LTD** 

**Contents of the Financial Statements for the Year Ended 31 December 2020** 

## **Page** 

Report of the Trustees 1 to 5 Independent Examiners Report 6 Statement of Financial Activities 7 Balance Sheet 8 to 9 Notes to the Financial Statements 10 to 16 



**The Storehouse Church Alford Ltd** 

## **Report of the Trustees** 

## **for the Year Ended 31 December 2020** 

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 201 5)(as amended by Update bulletin 1). 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The objects of the Church are for the benefit of the public: 

To advance the Christian faith. 

To address the physical and spiritual needs of the community in all areas of life, be it in times of financial hardship or to promote and preserve good health by the provision of funds, goods or services of any kind available, including through the provision of counselling and support, in such parts of the United Kingdom, or the world, as the Church Council from time to time may think fit. 

To advance all areas of education in such ways and in such parts of Alford, Lincolnshire, the United Kingdom and the world as the Church Council from time to time may think fit. 

Our ultimate aim is to empower individuals who come into contact with our organisation, via an holistic approach, and help them to achieve their full God given potential, whilst feeling valued and included members of the local community. 

## **Vision Statement** 

To be a church that actively engages with our community, accepting them for who they are and where they are at. To be helping hands 'lifter of people in turn demonstrating the love of Jesus to everyone and to share the gospel of Jesus Christ. 

Page 1 



**The Storehouse Church Alford Ltd** 

## **Report of the Trustees for the Year Ended 31 December 2020** 

## **OBJECTIVES AND ACTIVITIES** 

## **Significant activities** 

## **Youth Outreach** 

Our youth outreach is going well and still sees a good attendance to our youth church, up to 25 young people Covid 19 :- Our youth club Friday night project ceased during the lockdown periods of the pandemic but was replaced by United an online support and resources group for young people.  This was set up by youth leader Sarah Lithgow in conjunction with Alford Town Council and The Alford Hub with the hope of engaging young people to participate in activities and games as a means to supporting their mental health during the crisis period.  The youth have an active team of volunteers.  Headed up by Sarah and Ian Lithgow assisted by Mikey Rockall, Anna Wilson, Ben Foxwell, Doreen Wilson and two younger helpers Lexy Rocall and Evie Hotton the team are constantly looking for new ways to engage with the youth in the area. 

## **Seniors Fellowship and Chair Aerobics** 

The outreach to the senior citizens of our community who gather on a Wednesday morning for chair aerobics and coffee followed by a light lunch was going well until lockdown in March.   All activities ceased for the rest of the year but it is certainly intended these activities will recommence once restrictions are lifted and people feel safe. At present there are about 15 members and it Is hoped that this number will steadily increase 

## **Children[1] s Church and School Outreach** 

Children's Church is organised and headed by Anna Davies and has seen some growth due to personal outreach, hard work and dedication and the help of other dedicated members. There has been some success in outreach to schools in the area Unfortunately due to Covid the church including the Children’s Church was temporarily closed. 

## **Alford Community Bank** 

We have now closed the Alford Community Bank,  a volunteer service  that is run by Lincolnshire Credit union out of The Storehouse Church. This offered a variety of saving and loan accounts. 

There were a number of problems when The Credit Union changed its way of working regarding deposits and withdrawals and it was decided by the church leaders and trustees to withdraw the service as it was no longer  fit for purpose. 

## **Online Services** 

During the Covid period the church as a whole was closed but normal services were replaced online to ensure communication and continuity throughout the church as a whole.  Pastor Mandy Smith also set up Moments With Mandy …... a daily online preach which connected with both the church and community as a whole.  There were also regular zoom meetings to ensure necessary meetings and effective communication between leaders, trustees and the congregation as a whole. 

## **The Cafe** 

This is run by volunteers and open on weekdays for light meals and a place of fellowship for church members and local residents and it allows opportunity through the footfall of people passing by or coming into the building. 

This is headed up by Angie Fullerton and Jan Morley who work tirelessly to ensure an excellent customer service in both a physical and spiritual capacity.  However in March at the instigation of lockdown it was necessary to close the cafe and this did not re-open for the duration of the financial year. 

## **The Food Bank** 

The Food Bank was initially set up in conjunction with All Churches Together and is run from The Storehouse Church. During Covid The Food Bank was open throughout in order to ensure that nobody in need went hungry.  It is run entirely by volunteers and is headed up by Barbara Deeth.  Along with a variety of food parcels we can also help with gas and electric vouchers and also set up our Care and Kindness packages which are given out to people who are suffering either serious ill health or life trauma.  It also ensures people in need enjoy C Christmas by giving out large food hampers including toys and gifts. The Food Bank also works alongside other local charities to help people who are suffering crisis.  During the school holidays we provided meal deals with Cooplands Bakery as well as meals on wheels service to elderly people in the community. Here at the Food Bank we recognise that God has blessed us to be a blessing and we are here as a port in a storm for the community of Alford and surrounding area.  Food is shared with love and respect with those who come for assistance as well as with kindness and grace to feed both physical and spiritual hunger.  We have been very well supported by Alford Town Council and the the community as a whole. 

Page 2 



**The Storehouse Church Alford Ltd** 

## **Report of the Trustees for the Year Ended 31 December 2020** 

## **OBJECTIVES AND ACTIVITIES** 

## **Public benefit** 

In the furtherance of our objects and aims, we provide and are involved in a range of activities whereby our facilities are used seven days a week by church members and members of the local public. As trustees we are mindful of the requirements under the Charities Act 2011 for our activities to show 'Public Benefit,  the following is a list of just some of our activities throughout the year, which clearly demonstrates 'Public Benefit in accordance with our objectives. This list is by no means exhaustive: 

- Regular weekly church meetings for all ages including worship, prayer and bible study. - Regular weekly youth meetings. - Outings and special events for all age groups. 

- Advice service social and recreational facilities. - Community 'Food Larder' where food and assistance are given to those in need in cases of hardship. - Provision of facilities for use by community groups, i.e. Police, Local Residents Association, and Community partnership meetings. - Utilisation of the facilities by other social groups such as Weight Watchers, exercise fitness groups and flower arrangement classes. - Support of overseas missions, projects and missions personnel. - Provision of training and educational courses, as and when required. - Liaison with Police, Youth offending service and local schools. - Pastoral care for the church members and members of **the community.** - Provision of Alford & District Community Bank 

## **Volunteers** 

We are fully reliant on the contribution made by our volunteers, without their assistance we cannot function effectively. As we are not in a position to have paid staff, our volunteers are used in a variety of roles including: general administration, building maintained and cleaning, administration and finance and day to day activities, outlined in this report. We value and appreciate the effort and work which they contribute and the many hours spent. 

## **FINANCIAL REVIEW** 

## **Principal funding sources** 

The principal sources of funds for the charity were regular gifts and offerings from church members each month. Additional funds were raised via fundraising events taken on by members of our congregation. This included sales and entertainment evenings. We also received a number of grants which helped sustain our Food Bank and premises during the Covid period. 

## **Reserves policy** 

The charity aims to retain reserves for operational purposes. In the short term, if excess reserves arise, the charity will invest the surplus until it can be utilised. 

The continued aim of Board is to seek over time, to establish a free reserve of approximately 3 months average - expenditure, or 25% of annual expenditure. The charity also seeks to build up reserves gradually over time in order to eventually cover the mortgage of the church on Chauntry Road. 

As at 31 December 2020, total funds held by the charity totalled £ 184353   (2019 £153169) of which £17551 (2019 £1885) was restricted and £166802 (2019: £151284) was unrestricted. 

## **Review of the period** 

The principal sources of funds for the charity were regular gifts and offerings from church members which amounted to £22677 within Donations & Legacies and grants and donations re the Covid Pandemic amounting to £42465 

Gift Aid reclaimed of £3755 accounted for 14% of income. Most of the remaining income was derived from letting income and income from the cafe 

All income received during the year has been used in the furtherance of the charity's objectives 

## **FUTURE PLANS** 

We are hopeful for a productive 2021 We are continuing with building maintenance and are planning to refurbish our cafe and flooring in the Access Centre. We are looking to more outreach and evangelism projects to increase our membership As we are a faith based group, our faith plays a large part in all we endeavour to do. 

Page 3 



**The Storehouse Church Alford Ltd** 

## **Report of the Trustees for the Year Ended 31 December 2020** 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

Alford Community Church began as a charitable trust originally constituted under the Assemblies of God model trust deed: it was first registered with the Charities Commission on the 13th January 2006. The governing document was subsequently upgraded by the Assemblies of God during 2006, and a resolution was passed by Alford Community Church Trustees on 4th June 2006 to adopt the new constitution. This action widened the objects of the organisation, thus reflecting more accurately the nature of the work it is involved in. On the 31st July 2008 a special resolution was passed by the trustees to withdraw from the Assemblies of God and a subsequent deed of variation was ratified and the existing constitution amended accordingly. 

The charity changed its constitution to that of a Company Limited by Guarantee on the 30th June 2010. The company with its new working name of 'ACCess' was registered with Companies House under registration number 07299919. The newly constituted organisation also re-applied for charitable status which was duly approved and registered with the Charities Commission on 13th August 2010 under the current charity number 1137483. The transfer of assets from the Trust to the newly incorporated organisation took place on the 30th September 2010. 

## Recruitment and appointment of new trustees 

Under Section 5.1.1 of the Articles of Association, the responsibility for the appointment of trustees rests with the existing Church Council also known as the Board. The same team is responsible for the appointment of the Treasurer and Secretary, as well as a minimum of three Holding Trustees who are responsible for all land and property owned by the organisation. The Chairperson is the existing senior minister. 

When appointing new trustees, every effort is made by the Board to select individuals with the appropriate experience, skills and maturity that will both complement and enhance the efficacy of the existing team. 

## Organisational structure 

The Church Council currently consists of three members who are the charity trustees and directors of the company, and are also known as the Board / Eldership. These trustees are responsible for the management and control of the church, its property and funds, and between them they have a wide range of skills and experience. This team meets regularly, usually on a weekly basis, and holds a minuted business meeting. The Board has also appointed three of the team members as Holding Trustees who are responsible for the church land and buildings. 

## Induction and training of new trustees 

All trustees as existing members of the Church are familiar with the work of the charity. However, from the point of view of responsibilities of a trustee, they are provided with a copy of the governing document, the latest audited accounts, copies of recent minutes of meetings, and all policy documents. These documents are explained in detail during a personal training session affording the opportunity for the new trustee to raise questions and obtain satisfactory answers. 

As a matter of course all new Trustees are required to undergo a DBS check. All new Trustees receive a copy of the Charity Commission booklets Welcome to New Trustees, as well as booklet CC3 The Essential Trustee' and are further encouraged to refer to the Commission's web site as a source of updated information and news. 

## Wider network 

Our organisation places great store on being accountable and in this regard we have a number of relational links. We are members of the Ground Level Network, a national network of inter-denominational churches and charities, with its head office based in Lincoln, to which we as a team voluntarily make ourselves accountable for our conduct. Also two of our members belong to the order of Saint Leonard from which they received their ordination. 

## Risk management 

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. 

The Board through its monthly meetings and in consultation with other suitably skilled church members continuously reviews and assesses operations to ascertain potential risks to the organisation, its personnel (both staff and volunteers) and the wider public. Numerous policies and procedures have, and continue to be devised and put in place, to minimise risk to all concerned. 

## Payment of Trustees and management personnel 

No trustees are paid in connection with their duty as Trustees. However M A Smith does receive remuneration for their role as senior minister (Pastor) of the church. This salary is paid in accordance with the authority of the Charity's governing document and the individual concerned has no input into decisions affecting their remuneration. 

Page 4 



## **REGISTERED COMPANY NUMBER: 07299919 (England and Wales) REGISTERED CHARITY NUMBER: 1137483** 

## **The Storehouse Church Alford Ltd** 

## **Report of the Trustees for the Year Ended 31 December 2020** 

## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 07299919 (England and Wales) 

**Registered Charity number** 1137483 

**Registered office** 47 West Street Alford Lincolnshire LNI3 OEZ **Trustees** A E Miles M S Smith B M Deeth **Company Secretary Independent examiner** Truss & Co 28 West End Burgh le Marsh Skegness Lincolnshire PE24 5EY **Solicitors** Tinn Criddle & Co 6 High Street Alford Lincolnshire LNI3 9DX **Bankers** Reliance Bank Faith House 23-24 Lovat Lane London EC3R BEB 

Approved by order of the board of trustees on ….............................and signed on Its behalf by: 

B M Deeth  -Trustee 

Page 5 



**Independent Examiner's Report to the Trustees of The Storehouse Church Alford Ltd** 

## **Independent examiner's report to the trustees of Alford Community Church** ('the Company') 

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December20120 

## **Responsibilities and basis of report** 

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). 

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. 

## **Independent examiner's statement** 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe; 

1.accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2.the accounts do not accord with those records; or 

3.the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 

4.the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached 

John Truss CTA Truss & Co 28 West End Burgh le Marsh Skegness Lincolnshire PE24 5EY 

Date …..................... 

Page 6 



**The Storehouse Church Alford Ltd** 

## **Statement of Financial Activities for the Year Ended 31 December 2020** 

|||||||2020||2019|
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total||Total||
||||funds|funds|funds||funds||
||Notes||£|£|£||£||
|**INCOME AND ENDOWMENTS FROM**|||||||||
|Donations and legacies|||50,455|22,324||72,779||51,047|
|**Charitable activities**||5|||||||
|Cafe|||1,475|-||1,475||7,928|
|Youth and Sunday Services|||-|-||0||0|
|Other trading activities||3|1,855|-||1,855||7,734|
|Investment income||4|64|-||64||14|
|Total|||53,849|22,324||76,173||66,723|
|**EXPENDITURE ON**|||||||||
|**Charitable activities**||6|||||||
|Cafe|||-|-||0||3,353|
|Church based activities|||38,331|6,357||44,688||37,120|
|Youth and Sunday Services|||-|301||301||1,065|
|**Total**|||38,331|6,658||44,989||41,538|
|**NET INCOME/(EXPENDITURE)**|||15,518|15,666||31,184||25,185|
|**RECONCILIATION OF FUNDS**|||||||||
|**Total funds brought forward**|||127,644|22,296||153,169||127,984|
|**TOTAL FUNDS CARRIED FORWARD**|||143,162|37,962||184,353||153,169|



Page 7 



## **The Storehouse Church Alford Ltd** 

## **Balance Sheet At 31 December 2020** 

|Notes<br>FIXED ASSETS<br>Tangible assets<br>11<br>CURRENT ASSETS<br>Debtors<br>12<br>Cash at bank and in hand<br>CREDITORS<br>Amounts failing due within one year<br>13<br>NET CURRENT ASSETS!(LIABILITIES)<br>CREDITORS<br>14<br>NET ASSETS<br>FUNDS<br>17<br>Unrestricted funds<br>Restricted funds<br>TOTAL FUNDS<br>TOTAL ASSETS LESS CURRENT<br>LIABILITIES<br>Amounts falling due after more than one<br>year|2020<br>2019<br>Unrestricted<br>Restricted Total<br>Total<br>funds<br>funds funds<br>funds<br>£<br>£<br>286,517                             -            286,517            292,441<br>1,294<br>-                1,294                3,220<br>29,330<br>17,931              47,261              12,197<br>£<br>£|2020<br>2019<br>Unrestricted<br>Restricted Total<br>Total<br>funds<br>funds funds<br>funds<br>£<br>£<br>286,517                             -            286,517            292,441<br>1,294<br>-                1,294                3,220<br>29,330<br>17,931              47,261              12,197<br>£<br>£|
|---|---|---|
||30,624<br>17,931<br>48,555 15,417<br>12,079-<br>12,079<br>15,521||
||18,545<br>17,931<br>36,476<br>(104)||
||305,062<br>17,931<br>322,993<br>286,953<br>(138,640) -<br>(138,640)<br>(139,168)||
||166,422<br>17,931<br>184,353<br>153,169||
|||166,802<br>151,720<br>17,551<br>1449|
|||184,353<br>153,169|



Page 8 



**REGISTERED COMPANY NUMBER: 07299919 (England and Wales) REGISTERED CHARITY NUMBER 1137483** 

## **The Storehouse Church Alford Ltd** 

Balance Sheet continued At 31 December 2020 

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020 

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006. 

## The trustees acknowledge their responsibilities for 

(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 

(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 

These financial statements have been prepared In accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies. 

The financial statements were approved by the Board of Trustees on .................................... and were signed on Its behalf by: 

B M Deeth - Trustee 

M A Smith -Trustee 

Page 9 



**The Storehouse Church Alford Ltd** 

## **Notes to the Financial Statements for the Year Ended 31 December 2020** 

## **STATUTORY INFORMATION** 

The Storehouse Church Alford Ltd  is an incorporated charity, limited by guarantee with no share capital and is controlled by the Board of Trustees. 

## **2. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) (as amended by Update bulletin 1)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. 

## **Financial reporting standard 102** - **reduced disclosure exemptions** 

The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': 

the requirements of Section 7 Statement of Cash Flows. 

## **Income** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, It is probable that the income will be received and the amount can be measured reliably. 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Freehold property - 2% on cost Improvements to property -2% on cost Fixtures and fittings - 20% on reducing balance Computer equipment - 20% on cost 

## **Taxation** 

The charity is exempt from corporation tax on its charitable activities. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

Page 10 



**The Storehouse Church Alford Ltd** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** 

## **3.** 

## **4.** 

## **5.** 

## **6.** 

**7. 8.** 

## **OTHER TRADING ACTIVITIES** 

|Fundraising events<br>Other income<br>Income from Lettings<br>**INVESTMENT INCOME**<br>Deposit account interest<br>Activity<br>Café income Cafe<br>Subscriptions Youth and Sunday Services<br>**CHARITABLE ACTIVITIES COSTS**<br>Direct costs<br>£<br>Cafe<br>-<br>Church based activities<br>37,049<br>Youth and Sunday Services<br>301<br>37,350<br>NET INCOME/(EXPENDITURE)<br>Net income(expenditure) is stated after charging/(crediting):<br>Independent examination fees<br>Depreciation - owned assets<br>**INCOME FROM CHARITABLE**<br>ACTIVITIES|Direct costs<br>£<br>-<br>37,049<br>301|2020<br>2019<br>£<br>£<br>135                       603<br>50                       126<br>1,670                    7,005|
|---|---|---|
|||1,855                    7,734|
|||2019<br>2019<br>£<br>£<br>64                         14|
|||2020<br>2019<br>£<br>£<br>1,475                    7,928<br>-<br>-|
|||1,475                    7,928|
|||Support costs<br>Totals<br>£<br>£<br>-<br>-<br>7,639                  44,688<br>-                       301|
||37,350|7,639                  44,989|
|||2020<br>2018<br>£<br>£<br>1,220                    1,470<br>7,777                    8,392|



## **TRUSTEES' REMUNERATION AND BENEFITS** 

No Trustees received any remuneration in respect of their role as Trustees of the charity for the year ended 31 December 2020 nor for the year ended 31 December 2019.. 

## Trustees expenses 

No Trustee expenses have been paid in the year. 

Page 11 



**The Storehouse Church Alford Ltd** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** 

## **9.STAFF COSTS** 

The average monthly number of employees during the year was as follows: 

|**9.STAFF COSTS**<br>The average monthly number of employees during the year was as follows:||||
|---|---|---|---|
||2020||2019|
|Staff|1||1|
|No employees received emoluments in excess of £60,000.||||
|One Trustee received remuneration in respect of her role as Senior Minister (Pastor) of the church, and not in||||
|her role as Trustee for the charity, during the year and this amount is in the Statement of Financial Activities:||||
||**2020**||**2019**|
||£|£||
|Gross salary|13,875||5,875|
|Social security|-6,786||343|
|Pension|363||121|



## **10.EXCEPTIONAL ITEMS** 

There are no exceptional items under the period under review 

## **11.TANGIBLE FIXED ASSETS** 

|**COST**<br>At 1 January 2020<br>Additions<br>31 December, 2020<br>**DEPRECIATION**<br>At 1 January 20120<br>Charge for year<br>At 31 December 2020<br>**NET BOOK VALUE**<br>At 31 December 2020<br>At 31 December 2019|Freehold<br>Improvements<br>Fixtures and<br>Computer<br>property<br>to property<br>fittings<br>equipment<br>Totals<br>£<br>£<br>£<br>£<br>£<br>295,912                             53,980            10,094              8,443          368,429<br>-                                       -              1,850-              1,850<br>295,912                             53,980            11,944              8,443          370,279<br>50,646                               8,8568,043              8,443            75,988<br> 5,9191,079776-              7,774|
|---|---|
||56,565                               9,935              8,819              8,443            83,762<br>239,347                             44,045              3,125                     -          286,517<br>245,266                             45,124              2,051                     -          292,441|



## **12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Trade debtors<br>Other debtors<br>Prepayments and accrued income|2019<br>2019<br>£<br>£<br>-                     -<br>1,095              2,963<br>199                 257|
|---|---|
||1,294              3,220|



Page 12 



## **The Storehouse Church Alford Ltd** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** 

## **13. CREDITORS; AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Bank loans and overdrafts (see note 15)<br>Trade creditors<br>Social security and other taxes<br>Other creditors<br>Accrued expenses<br>**14.CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**<br>Bank loans (see note 15)<br>**15.LOANS**<br>An analysis of the maturity of loans is given below.<br>Amounts falling due within one year on demand:<br>Bank loans<br>Amounts falling between one and two years:<br>Bank loans<br>Amounts falling due between two and five years:<br>Bank loans<br>Amounts falling due in more than five years:<br>Repayable by instalments:<br>Bank loans<br>**16.SECURED DEBTS**<br>The following secured debts are included within creditors:<br>Bank loans<br>The charity's bank has fixed charges over the property assets of the charity.|2020<br>2019<br>£<br>7,900<br>12,530<br>1010<br>14<br>281<br>367<br>54<br>54<br>2,834<br>2,556<br>£|2020<br>2019<br>£<br>7,900<br>12,530<br>1010<br>14<br>281<br>367<br>54<br>54<br>2,834<br>2,556<br>£|
|---|---|---|
||12,079<br>15521||
||2020<br>2019||
||2020<br>2019<br>7900<br>12530||
||7900<br>12530||
||23700<br>37590||
||107040<br>89048||
||2020<br>2019<br>146540<br>151698||
||||



Page 13 



**The Storehouse Church Alford Ltd** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** 

## **17 MOVEMENT IN FUNDS** 

|**Unrestricted funds**<br>General fund<br>Storehouse seed fund<br>Restricted funds<br>Church, Chauntry Road<br>Food Bank<br>Seniors fund<br>Youth Group<br>**TOTAL FUNDS**|Net movement<br>At 1.1.20<br>in funds<br>At 31.12.20<br>£<br>£<br>£<br>151,173               15,518             166,691<br>111-                    111|
|---|---|
||151,284               15,518             166,802<br>185                         -                    185<br>-               15,967               15,967<br>765                         -                    765<br> 935 (301) 634|
||1,885               15,66617,551<br>153,169               31,184             184,353|



Net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Church, Chauntry Road<br>Food Bank<br>Seniors fund<br>Youth Group<br>**TOTAL FUNDS**<br> <br>**Unrestricted Funds**<br>General fund<br>Storehouse seed fund<br>**Restricted Funds**<br>Church, Chauntry Road<br>Seniors fund<br>Youth Group<br>**TOTAL FUNDS**|£<br>£<br>£<br>53,849              (38,331) 15,518<br>-<br>1,359                (1,359) -<br>20,965                (4,998) 15,967<br>-                         -                         -<br>-                   (301) (301)<br>76,173(44,989) 31,184<br>Net movement<br>Transfers<br>At 1.1.19<br>in funds<br>between funds<br>At 31.12.19<br>£<br>£<br>£<br>£<br>126,621               24,552                         -             151,173<br>111-<br> - 111<br>Incoming<br>resources<br>Resources<br>expended<br>Movement in<br>funds|
|---|---|
||126,732               24,552                         -             151,284<br>487                   (302)<br>-                    185<br>765                         -                         -765<br>-935-                    935|
||1,252633-                 1,885|
||127,984               25,185                         -             153,169|



Comparatives for movement in funds 

Page 14 



**The Storehouse Church Alford Ltd** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** 

## **17. MOVEMENT IN FUNDS** - **continued** 

Comparative net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>Church, Chauntry Road<br>Youth Group<br>Restricted**funds**<br>TOTAL**FUNDS**|Incoming<br>Resources<br>Movement in<br>resources<br>expended<br>funds<br>£<br>£<br>£<br>59,342                 (34,790) 24,552<br>5,381<br>(5,683) (302)<br>2,000<br>(1,065) 935|
|---|---|
||7,381<br>-6,748<br>633|
||66,723<br>-41,538<br>25,185|



A current year 12 months and prior year 12 months combined position is as follows: 

|**Unrestricted funds**<br>General fund<br>Storehouse seed fund<br>**Restricted funds**<br>Church, Chauntry Road<br>Food Bank<br>Seniors fund<br>Youth Group<br>**TOTAL FUNDS**|Net movement Transfers<br>At 01.01.19<br>in funds<br>between funds<br>At 31.12.20<br>£<br>£<br>£<br>£<br>126,621            40,070<br>166,691<br>111- - 111|
|---|---|
||126,732            40,070                            -          166,802<br>-<br>487               (302) -                 185<br>-            15,967                            -            15,967<br>765                     -                            -                 765<br>-634                            -                 634|
||1,252            16,299                            -            17,551|
||127,984            56,369                            -          184,353|



A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows 

|**Unrestricted funds**<br>General fund<br>Storehouse seed fund<br>**Restricted funds**<br>Church. Chauntry Road<br>Food Bank<br>Seniors fund<br>Youth Group<br>**TOTAL FUNDS**|Incoming<br>Resources<br>Movement in<br>resources<br>expended<br>funds<br>£<br>£<br>£<br>113,191                 (73,121) 40,070<br>-                            -                     -<br>113,191                 (73,121) 40,070<br>6,740                   (7,042) (302)<br>20,965                   (4,998) 15,967<br>-                            -                     -<br>2,000(1,366) 634|
|---|---|
||29,705(13,406) 16,299|
||142,896(86,527) 56,369|



Page 15 



**The Storehouse Church Alford Ltd** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** 

## **17.MOVEMENT IN FUNDS - continued** 

## Storehouse Seed Fund 

This fund has been designated for the purposes of building up the Reserves of the Charity and therefore the balance should be carried forward. 

## Seniors Fund 

A restricted donation was received from a donor towards Seniors activities within the church. This activity will continue for the foreseeable future and therefore the balance should be carried forward. 

## Chauntry Road Church Fund 

An individual is donating a regular, monthly, sum to cover the cost of the purchase of Chauntry Road. These donations can be used for interest or capital payments on loans against the property. Any excess paid on the mortgage has been covered by a transfer from general funds. 

## Youth Group 

A restrictive donation was received for Youth Group activities. This activity is ongoing and therefore the Balance should be carried forward 

## Food Bank 

Grants and donations have been received towards the cost of running a food bank. This is an ongoing project. 

## **18.RELATED PARTY DISCLOSURES** 

**There were** no related party transactions for the year ended 31 December 2020 

Page 16