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, 2021 for
THE STOREHOUSE CHURCH ALFORD Ltd
THE STOREHOUSE CHURCH ALFORD LTD
Contents of the Financial Statements for the Year Ended 31 December 2021
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 2021
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 2021. 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 2015)(as amended by Update bulletin 1).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives 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.
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The Storehouse Church Alford Ltd
Report of the Trustees for the Year Ended 31 December 2021
OBJECTIVES AND ACTIVITIES Significant activities
Church services:
Online services continued until Easter 2021. Pastor Mandy Smith organised the theme of these services and communion services were limited and used pre-filled cups. Singing worship continued as per government guidelines and masks were used and sign-in details were taken as per regulations. Refreshments were not recommenced during this time. Services were being streamed and it was decided by all that just the main message would be streamed. All licences covered by the church. In person meetings for trustees and core team recommenced and this supported the Pastor to bring Gods plan into the services and support those who were still fearful of meeting in person due to covid.
Children’s church:
The Children’s work is organised by a team of volunteers. The children are escorted around to the Access centre during the preach for their own time of learning and play, they are then bought back to the church for the final worship time. Many different aspects of the bible are learnt and the ways they learn vary greatly from artwork, cooking and role play.
Café:
This is run by volunteers and open on weekdays from June 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 delivered both physical and spiritual feeding and made everyone feel special.
Youth:
This year has not been without its challenges, but the rewards always outweigh those. We returned from covid and were keen to re-join the youth of Alford together and to give them a safe space to be teens again. Initially we used the Chauntry site but as a team decided that the space at the Access centre suited our needs better. The youth group is sill well attended by the youth of Alford, there are a team of people helping arrange activities and supporting them during the time of meeting at the church.
We are grateful to all the support we receive from those around us.
Foodbank:
At times like these with the ever-changing needs of the community the need for the food bank is paramount. The food bank is headed up by Barbara Deeth and she is supported by other volunteers. Many people in Alford are dependent on the help of the food bank supplies and also by the contact they receive from our volunteers. The food bank is open every day 10 – 2pm and in times when we are not open answering messages can be left.
We are still using Fareshare and Tesco, in addition to donations given by the public and shopping that we undertake personally. We are also supported by and work with pitchers of Alford for fresh fruit and veg.
Senior fellowship and chair aerobics
Due to covid and the seniors being in the vulnerable category they did not meet at all during the year ending 2020. Evelyn Richardson made frequent phone calls to the group members and did a marvellous job of keeping in touch with them. The intention will be for the seniors to meet again in the future once people feel safe.
Renew Wellbeing:
In April 2021 we started a Renew Wellbeing hub, this is held each Tuesday and is run by volunteers who are both church members and non-members. Each week there are crafts and activities for people to join in, or they can just sit quietly. There is a rhythm of prayer built around the day, at the beginning, in the middle and then at the end – people can choose whether to move to the prayer area. We received guidance from Ruth Rice, the founder of Renew Wellbeing. The group has been well attended, it is free to come along and the café is open if people would like to purchase food and drinks.
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The Storehouse Church Alford Ltd
Report of the Trustees for the Year Ended 31 December 2021
OBJECTIVES AND ACTIVITIES
Public benefit
In the furtherance of our objectives 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 Bank' 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 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. Cafe providing food,drinks including renew wellbeing support for lonely/mental health
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. 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 2021, total funds held by the charity totalled £ 205733 (2020 £184353) of which £28572 (2020 £17551) was restricted and £177161 (2020: £166802) 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 £38536 within Donations & Legacies and grants and donations re the Covid Pandemic amounting to £19043
Gift Aid reclaimed of £2847 accounted for 7.5% of income. Most of the remaining income was derived from income from the cafe
All income received during the year has been used in the furtherance of the charity's objectives
Future plans for 2022
We are hopeful for a productive 2022, continuing the work of the refurbishment in the Chauntry – including Renewing toilets, kitchen and general works in the back hall.
We are looking forward to good year with the café and renew wellbeing, supporting the local community.
In 2022 we plan to hold our ladies conference in the church which is attended by ladies in the local community and surrounding areas
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The Storehouse Church Alford Ltd
Report of the Trustees for the Year Ended 31 December 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
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.
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.
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.
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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 2021
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 M Freshney M A Smith B M Deeth A Miles Company Secretary Independent examiner Truss & Co 28 West End Burgh le Marsh Skegness Lincolnshire PE24 5EY
Approved by order of the board of trustees on 29 September 2022 and signed on Its behalf by:
K Hodgson -Trustee
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Independent Examiner's Report to the Trustees of The Storehouse Church Alford Ltd
Independent examiner's report to the trustees of The Storehouse Church Alford ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December2021
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 29 September 2022
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The Storehouse Church Alford Ltd
Statement of Financial Activities for the Year Ended 31 December 2021
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| funds | funds | funds | funds | |||||
| Notes | £ | £ | £ | £ | ||||
| INCOME AND ENDOWMENTS FROM | ||||||||
| Donations and legacies | 42,309 | 12,270 | 54,579 | 72,779 | ||||
| Charitable activities | 5 | |||||||
| Cafe | 5,744 | - | 5,744 | 1,475 | ||||
| Youth and Sunday Services | 43 | - | 43 | 0 | ||||
| Other trading activities | 3 | - | 0 | 1,855 | ||||
| Investment income | 4 | 20 | - | 20 | 64 | |||
| Total | 48,116 | 12,270 | 60,386 | 76,173 | ||||
| EXPENDITURE ON | ||||||||
| Charitable activities | 6 | |||||||
| Cafe | - | - | 0 | 0 | ||||
| Church based activities | 37,507 | 3,864 | 41,371 | 44,688 | ||||
| Youth and Sunday Services | - | 385 | 385 | 301 | ||||
| Total | 37,507 | 4,249 | 41,756 | 44,989 | ||||
| NET INCOME/(EXPENDITURE) | 10,609 | 8,021 | 18,630 | 31,184 | ||||
| RECONCILIATION OF FUNDS | ||||||||
| Total funds brought forward | 166,802 | 17,551 | 184,353 | 153,169 | ||||
| TOTAL FUNDS CARRIED FORWARD | 177,411 | 25,572 | 202,983 | 184,353 |
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The Storehouse Church Alford Ltd
Balance Sheet At 31 December 2021
| Notes FIXED ASSETS Tangible assets 11 CURRENT ASSETS Debtors 12 Cash at bank and in hand CREDITORS Amounts failing due within one year 13 NET CURRENT ASSETS!(LIABILITIES) CREDITORS 14 NET ASSETS FUNDS 17 Unrestricted funds Restricted funds TOTAL FUNDS TOTAL ASSETS LESS CURRENT LIABILITIES Amounts falling due after more than one year |
2021 2020 Unrestricted Restricted Total Total funds funds funds funds £ £ 223,997 884 224,881 286,517 1,600 - 1,600 1,294 13,424 25,402 38,826 47,261 £ £ |
2021 2020 Unrestricted Restricted Total Total funds funds funds funds £ £ 223,997 884 224,881 286,517 1,600 - 1,600 1,294 13,424 25,402 38,826 47,261 £ £ |
|---|---|---|
| 15,024 25,402 40,426 48,555 7,966- 7,966 12,079 |
||
| 7,058 25,402 32,460 36,476 |
||
| 231,055 26,286 257,341 322,993 (54,358) - (54,358) (138,640) |
||
| 176,697 26,286 202,983 184,353 177,411 166,802 25,572 17551 202,983 184,353 |
||
| 202,983 184,353 |
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REGISTERED COMPANY NUMBER: 07299919 (England and Wales) REGISTERED CHARITY NUMBER 1137483
The Storehouse Church Alford Ltd
Balance Sheet continued At 31 December 2021
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 29 September 2022 and were signed on Its behalf by:
K Hodgson – Trustee
M A Smith -Trustee
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The Storehouse Church Alford Ltd
Notes to the Financial Statements for the Year Ended 31 December 2021
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.
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The Storehouse Church Alford Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
3.
4.
5.
6.
7. 8.
OTHER TRADING ACTIVITIES
| DING ACTIVITIES | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| Fundraising events | - | 135 | ||
| Other income | - | 50 | ||
| Income from Lettings | - | 1,670 | ||
| - | 1,855 | |||
| INVESTMENT INCOME | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Deposit account interest | 20 | 64 | ||
| INCOME FROM CHARITABLE | ||||
| ACTIVITIES | ||||
| 2021 | 2020 | |||
| Activity | £ | £ | ||
| Café income Cafe | 5,744 | 1,475 | ||
| Subscriptions Youth and Sunday Services | 43 | - | ||
| 5,787 | 1,475 | |||
| CHARITABLE ACTIVITIES COSTS | ||||
| Direct costs | Support costs | Totals | ||
| £ | £ | £ | ||
| Cafe | 1,962 | - | 1,962 | |
| Church based activities | 26,482 | 12,927 | 39,409 | |
| Youth and Sunday Services | 385 | - | 385 | |
| 28,829 | 12,927 | 41,756 | ||
| NET INCOME/(EXPENDITURE) | ||||
| Net income(expenditure) is stated after charging/(crediting): | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Independent examination fees | 1,340 | 1,220 | ||
| Depreciation - owned assets | (8,318) | 7,777 |
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 2021 nor for the year ended 31 December 2020..
Trustees expenses
No Trustee expenses have been paid in the year.
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The Storehouse Church Alford Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
9.STAFF COSTS
The average monthly number of employees during the year was as follows:
| 9.STAFF COSTS The average monthly number of employees during the year was as follows: |
||
|---|---|---|
| 2021 | 2020 | |
| 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: | ||
| 2021 | 2020 | |
| £ | £ | |
| Gross salary | 14,100 | 13,875 |
| Social security | 548 | -6,786 |
| Pension | 362 | 363 |
10.EXCEPTIONAL ITEMS
There are no exceptional items under the period under review
11.TANGIBLE FIXED ASSETS
| COST At 1 January 2021 Additions Disposals 31 December, 2021 DEPRECIATION At 1 January 2021 Charge for year At 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020 |
Freehold Improvements Fixtures and Computer property to property fittings equipment Totals £ £ £ £ £ 295,912 53,980 11,944 8,443 370,279 - - 10,927 1,175 12,102 (81,000) - - -(81,000) |
|---|---|
| 214,912 53,980 22,871 9,618 301,381 56,565 9,935 8,819 8,443 83,762 (10,417) 1,080 1,975 100 (7,262) |
|
| 46,148 11,015 10,794 8,543 76,500 168,764 42,965 12,077 1,075 224,881 239,347 44,045 3,125 - 286,517 |
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Other debtors Prepayments and accrued income |
2021 2020 £ £ - - 1,600 1,095 -199 |
|---|---|
| 1,600 3,220 |
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The Storehouse Church Alford Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 201
13. CREDITORS; AMOUNTS FALLING DUE WITHIN ONE YEAR
| Bank loans and overdrafts (see note 15) Trade creditors Social security and other taxes Other creditors Accrued expenses 14.CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans (see note 15) 15.LOANS An analysis of the maturity of loans is given below. Amounts falling due within one year on demand: Bank loans Amounts falling between one and two years: Bank loans Amounts falling due between two and five years: Bank loans Amounts falling due in more than five years: Repayable by instalments: Bank loans 16.SECURED DEBTS The following secured debts are included within creditors: Bank loans The charity's bank has fixed charges over the property assets of the charity. |
2021 2020 £ 3,294 7,900 1627 1010 281 281 54 54 2,710 2,834 £ |
|---|---|
| 7,966 12079 2021 2020 2021 2020 7900 7900 3294 7900 3294 23700 9882 107040 2021 2020 41183 146540 |
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The Storehouse Church Alford Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
17 MOVEMENT IN FUNDS
| Unrestricted funds General fund Storehouse seed fund Restricted funds Church, Chauntry Road Food Bank Seniors fund Youth Group Streamimg Services TOTAL FUNDS |
Net movement At 1.1.21 in funds At 31.12.21 £ £ £ 166,691 10,609 177,300 111- 111 |
|---|---|
| 166,802 10,609 177,411 185 - 185 15,967 5,361 21,328 765 - 765 634 1,6602,294 1,0001,000 17,551 8,021 25,572 184,353 18,630 202,983 |
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Church, Chauntry Road Streaming Services etc Food Bank Seniors fund Youth Group TOTAL FUNDS Unrestricted Funds General fund Storehouse seed fund Restricted Funds Church, Chauntry Road Food Bank Seniors fund Youth Group TOTAL FUNDS |
£ £ £ 48,116 (37,507) 10,609 - - - - 1,000 (1,000) - 9,225 (3,864) 5,361 - - - 2,045 (385) 1,660 60,386 (42,756) 17,630 Net movement Transfers At 1.1.20 in funds between funds At 31.12.20 £ £ £ £ 151,173 15,518 - 166,691 111- - 111 Incoming resources Resources expended Movement in funds |
|---|---|
| 151,284 15,518 - 166,802 185 - - 185 - 15,967 15,967 765 - - 765 935 (301) - 634 |
|
| 1,885 15,666-17,551 | |
| 153,169 31,184 - 184,353 |
Comparatives for movement in funds
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The Storehouse Church Alford Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
17. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Church, Chauntry Road Youth Group Restrictedfunds TOTALFUNDS |
Incoming Resources Movement in resources expended funds £ £ £ 59,342 (34,790) 24,552 5,381 (5,683) (302) 2,000 (1,065) 935 |
|---|---|
| 7,381 -6,748 633 |
|
| 66,723 -41,538 25,185 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Storehouse seed fund Restricted funds Church, Chauntry Road Food Bank Seniors fund Youth Group TOTAL FUNDS Strea mimg Servic es |
Net movement Transfers At 01.01.20 in funds between funds At 31.12.21 £ £ £ £ 151,173 26,127 177,300 111- - 111 |
|---|---|
| 151,284 26,127 - 177,411 - 487 (302) - 185 - 21,328 - 21,328 765 - - 765 935 1,359 - 2,294 -1,000- 1,000 |
|
| 2,187 23,385 - 25,572 | |
| 153,471 49,512 - 202,983 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows
| Unrestricted funds General fund Storehouse seed fund Restricted funds Church. Chauntry Road Food Bank Seniors fund Youth Group TOTAL FUNDS |
Incoming Resources Movement in resources expended funds £ £ £ 101,965 (75,838) 26,127 - - - |
|---|---|
| 101,965 (75,838) 26,127 1,359 (1,359) - 30,190 (8,862) 21,328 - - - 7,045(686) 6,359 |
|
| 38,594(10,907) 27,687 | |
| 140,559 (86,745) 53,814 |
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The Storehouse Church Alford Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
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 donated 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 2021
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