Charity registration number: 1164768 ## STOREHOUSE COMMUNITY TRUST Annual Report and Financial Statements for the Year Ended 31 August 2022 ## **STOREHOUSE COMMUNITY TRUST** ## **Contents** |**Contents**|| |---|---| |Reference and Administrative Details|1| |Trustees' Report|2 to 3| |Statement of Trustees' Responsibilities|4| |Independent Examiner's Report|5| |Statement of Financial Activities|6| |Balance Sheet|7| |Notes to the Financial Statements|8 to 13| ## **STOREHOUSE COMMUNITY TRUST** ## **Reference and Administrative Details** ## **Trustees** Michael John Smither (Treasurer) Gwyn Pritchard (Chair) Jennifer Ann Holman (Secretary) Margaret Edna Pritchard ## **Principal Office** Stonecroft Main Street Little Brington Northampton NN7 4HS ## **Charity Registration Number** 1164768 ## **Bankers** CAF Bank ## **Independent Examiner** Kolade Andrew Alli ACMA KARE Financial Management Consultants Ltd 10 Gatcombe Gardens West End, Hampshire SO18 3NA Page 1 ## **STOREHOUSE COMMUNITY TRUST** ## **Trustees' Report** The trustees present the annual report together with the financial statements of the charity for the year ended 31 August 2022. ## **Objectives and activities** The Trust is responsible for Little Fishes Pre-School and various other activities as occur. The Staff continue to do regular Covid tests once a week Only a few children have missed sessions due to Covid and only one member of staff to date. This year there are 36 children attending with 16 children attending full-time. 9 children have special needs with 4 receiving High Needs Funding. There are 7 members of staff, with one bank staff to cover absences. All staff have attended Speech and Language training during the year and a some are due to renew their First Aid training. Security improvements have taken place at the setting, Lodge Farm Community Centre, where the pre- school is situated following continued bouts of vandalism during previous years. New security fencing has been erected around the premises by Northampton Spaces who manage the building in partnership with West Northants Council (who are now responsible for maintaining the building structure). The windows have not been replaced to date and are still boarded up. This means that the building cosmetically looks in a poor condition. However, this has not affected the application of places at the setting, and this is due to the excellent standard of work by the staff, especially when working with pre-school children with special needs. The following letter sent at the end of the summer provides evidence of this: ## _“Hi Barbara,_ _Hope you, Abi and all the other lovely staff are well. Ecrin (not her real name) has settled in very nicely to her new school._ _Thank you all again for all your help and support in getting Ecrin to the stage she has now reached. I was very nervous when I first brought my little special needs baby to your nursery, but with the knowledge of your background in nursing and Abigail's skills I knew she was in the right place. The nervous feeling soon disappeared when I saw Ecrin going in with smiles and coming home happy and satisfied. My mind was always at rest knowing she was in safe hands. Even when she had seizures you and the team always handled things so well._ _I appreciate all the hard work all the staff put into getting my baby to where she is now. The rate at which she settled has really surprised me, so well done to all of you Best wishes to you and the whole staff”_ Page 2 ## **STOREHOUSE COMMUNITY TRUST** ## **Trustees' Report** The summer term ended with the setting having a day trip to a farm which was enjoyed by all. ## _**Public benefit**_ The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. The annual report was approved by the trustees of the charity on 14 November 2022 and signed on its behalf by: ......................................... Gwyn Pritchard Chair of Trustees Page 3 ## **STOREHOUSE COMMUNITY TRUST** ## **Statement of Trustees' Responsibilities** The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees of the charity on 14 November 2022 and signed on its behalf by: ......................................... Michael John Smither Trustee Page 4 ## **STOREHOUSE COMMUNITY TRUST** ## **Independent Examiner's Report to the trustees of STOREHOUSE COMMUNITY TRUST** I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2022 which are set out on pages 6 to 13. ## **Respective responsibilities of trustees and examiner** As the charity’s trustees of STOREHOUSE COMMUNITY TRUST you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the STOREHOUSE COMMUNITY TRUST's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of STOREHOUSE COMMUNITY TRUST as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. ...................................... Kolade Andrew Alli ACMA KARE Financial Management Consultants Ltd 10 Gatcombe Gardens West End, Hampshire SO18 3NA 14 November 2022 Page 5 ## **STOREHOUSE COMMUNITY TRUST** ## **Statement of Financial Activities for the Year Ended 31 August 2022** |**Statement of Financial Activities for the Year Ended 31 August**
**2022**|**Statement of Financial Activities for the Year Ended 31 August**
**2022**| |---|---| |**Unrestricted**
**funds**
**Total**
**2022**
**Total**
**2021**|| |**Note**
**£**
**£**
**£**|| |**Income and Endowments from:**|| |Charitable activities|138,248
138,248
143,408| |**Expenditure on:**|| |Charitable activities|(134,274)
(134,274)
(138,795)| |Total expenditure|| ||(134,274)
(134,274)
(138,795)| |Net income|| ||3,974
3,974
4,613| |Net movement in funds|| ||3,974
3,974
4,613| |**Reconciliation of funds**|| |Total funds brought forward|| ||132,418
132,418
127,805| |Total funds carried forward
8|| ||136,392
136,392
132,418| All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note 8. Page 6 ## **STOREHOUSE COMMUNITY TRUST** ## **(Registration number: 1164768) Balance Sheet as at 31 August 2022** |**(Registration number: 1164768)**
**Balance Sheet as at 31 August 2022**|**(Registration number: 1164768)**
**Balance Sheet as at 31 August 2022**| |---|---| |**2022**
**2021**|| |**Note**
**£**
**£**|| |**Fixed assets**|| ||| |Tangible assets
6|1,496
-| |**Current assets**|| ||| |Cash at bank and in hand
7|134,896
132,418| |**Net**assets|| ||136,392
132,418| |**Funds of the charity:**|| |**Unrestricted income funds**|| ||| |Unrestricted funds|136,392
132,418| |**Total funds**
8|| ||136,392
132,418| The financial statements on pages 6 to 13 were approved by the trustees, and authorised for issue on 14 November 2022 and signed on their behalf by: ......................................... Michael John Smither Trustee Page 7 ## **STOREHOUSE COMMUNITY TRUST** ## **Notes to the Financial Statements for the Year Ended 31 August 2022** ## **1 Accounting policies** ## **Statement of compliance** The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **Basis of preparation** STOREHOUSE COMMUNITY TRUST meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## **Exemption from preparing a cash flow statement** The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. ## **Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. ## **Taxation** The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **Tangible fixed assets** Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. ## **Depreciation and amortisation** Depreciation is provided on tangible fixed assets so as to write off the cost or valuation less any estimated residual value, over their expected economic useful life. Page 8 ## **STOREHOUSE COMMUNITY TRUST** ## **Notes to the Financial Statements for the Year Ended 31 August 2022** ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **Fund structure** Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity. Page 9 ## **STOREHOUSE COMMUNITY TRUST** ## **Notes to the Financial Statements for the Year Ended 31 August 2022** ## **2 Income from charitable activities** |**2**
**Income from charitable activities**|| |---|---| ||**Unrestricted**| ||**funds**
**Total**
**Total**| ||**General**
**2022**
**2021**| ||**£**
**£**
**£**| |Parental Fees|13,755
13,755
11,571| |West Northamptonshire County council|| |funding|122,221
122,221
131,827| |Cash received for Trips|705
705
-| |Donation|1,500
1,500
-| |Bank interest receivable|67
67
10| ||138,248
138,248
143,408| Page 10 ## **STOREHOUSE COMMUNITY TRUST** ## **Notes to the Financial Statements for the Year Ended 31 August 2022** ## **3 Expenditure on charitable activities** |**3**
**Expenditure on charitable activities**|||| |---|---|---|---| ||**Unrestricted**||| ||**funds**|**Total**|**Total**| ||**General**|**2022**|**2021**| ||**£**|**£**|**£**| |Wages and salaries|98,498|98,498|100,630| |Staff NIC (Employers)|9,673|9,673|14,016| |Staff pensions|2,762|2,762|3,504| |Training|406|406|516| |Rent|13,728|13,728|13,445| |Consumables|2,568|2,568|2,678| |Snacks|1,260|1,260|829| |Office Costs|1,543|1,543|1,279| |Bank Fees|93|93|84| |Insurance|1,261|1,261|938| |Depreciation of office equipment|499|499|-| |Memberships|264|264|249| |Cost of Trips|859|859|-| |Cost of Uniform|360|360|277| |Independent examiner's fee|500|500|350| ||134,274|134,274|138,795| ## **4 Trustees remuneration and expenses** No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. Page 11 ## **STOREHOUSE COMMUNITY TRUST** ## **Notes to the Financial Statements for the Year Ended 31 August 2022** ## **5 Taxation** The charity is a registered charity and is therefore exempt from taxation. ## **6 Tangible fixed assets** |**6**
**Tangible fixed assets**|**6**
**Tangible fixed assets**| |---|---| |**Furniture**
**and**
**equipment**
**Total**|| |
**£**
**£**|| |**Cost**|| |Additions
1,995
1,995|| |At 31 August 2022
1,995
1,995|| |**Depreciation**|| |Charge for theyear
499
499|| |At 31 August 2022
499
499|| |**Net book value**|| |At 31 August 2022
1,496
1,496|| |**7**
**Cash and cash equivalents**|| ||**2022**
**2021**| ||**£**
**£**| |Cash at bank|134,896
132,418| |**8**
**Funds**|| ||**Balance at 1**| ||**September**
**Incoming**
**Resources**
**Balance at 31**| ||
**2021**

**resources**
**expended**
**August 2022**| ||**£**
**£**

**£**

**£**| |**Unrestricted funds**|| |General|| ||132,418
138,248
(134,274)
136,392| Page 12 ## **STOREHOUSE COMMUNITY TRUST** ## **Notes to the Financial Statements for the Year Ended 31 August 2022** ||**2022**| |---|---| ||**Balance at 1**| ||**September**
**Incoming**
**Resources**
**Balance at 31**| ||
**2020**

**resources**
**expended**
**August 2021**| ||**£**
**£**

**£**

**£**| |**Unrestricted funds**|| |General|| ||127,805
143,408
(138,795)
132,418| Page 13