**Charity number: 1164768**
## **STOREHOUSE COMMUNITY TRUST**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 AUGUST 2025**
## **STOREHOUSE COMMUNITY TRUST**
## **CONTENTS**
||Page|
|---|---|
|**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1|
|**Trustees' Report**|2 - 4|
|**Independent Examiner's Report**|5 - 6|
|**Statement of Financial Activities**|7|
|**Balance Sheet**|8|
|**Notes to the Financial Statements**|9 - 16|
## **STOREHOUSE COMMUNITY TRUST**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025**
## **Trustees**
Michael John Smither (Treasurer) Gwyn Pritchard (Chair) Jennifer Ann Holman (Secretary) Ruth Sargent
**Charity registered number**
1164768
**Principal office**
Stonecroft Main Street Northampton NN7 4HS
Page 1
**STOREHOUSE COMMUNITY TRUST**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
The Trustees present their annual report together with the financial statements of the STOREHOUSE COMMUNITY TRUST for the year 1 September 2024 to 31 August 2025.
The Trust is responsible for Little Fishes Pre-School.
The new pre-school year began with Abigail Pearson as the Manager of the setting and Jessica Bentley as the Deputy Manager. Ruth Sargent was approached to replace Margaret Pritchard as a Trustee and accepted.
There were 6 members of staff at the start of the academic year, 4 full-time and two part- time. Another parttime staff member was recruited during the year.
The setting over the school year had 32 children on roll, 10 of whom attended full time. 8 children were identified with SEND/medical needs and required additional support. 5 of these came with Education and Health Care Plans (EHCP’s).
The Manager, Abigail Pearson went on Maternity Leave from April, and we are grateful to her Deputy Jessica Bentley for the excellent work she did in stepping up to be Acting Manager for the remainder of the academic year.
One member of staff started Early Year’s Teacher Training in September. As part of this training she has had to do placements at other settings. Students from Northampton University have been available to cover while she has been on placement. Other members of staff have received training from various sources, such as online Noodle courses, NIMP courses and the Stronger Practice Hub. 2 staff attended a WNC course on Sensory Processing.
The Manager and Deputy Manager continue to regularly attend the Providers Managers Network meetings and SENDCO’s meetings
The music classes which started in September, on Friday mornings, have proven to be very popular and beneficial to the development of the children.
A successful Parents’ Day was run on Wednesday the 11th of December, 24 and 19[th ] March 25, with 95% of parents attending over two sessions. Children got to spend time playing with their parents, looking at their learning journeys and joining in a special song time.
The setting gave students from Northampton College and the University of Northampton the opportunity for work experience during the year.
On the last day of term a Sports day was arranged, split into two sessions for all parents and carers with only one child not attending. Parents have been contributing to the outside/ gardening project with seeds, pots and soil that a member of staff did as part of her teaching course. We have sent plants home for parents and children to continue to engage in the learning at home.
The school leavers attended a special day trip on Tuesday the 24th of June in Ling’s wood. We used the community centre as a base coming back for lunch and toileting. The children enjoyed exploring, investigating, climbing and participating in an extra special music session in the woods. Staying local kept the costs down for parents charging £5 per person which covered the extra music session costs and additional food- we will consider something similar for the next academic year.
Page 2
**STOREHOUSE COMMUNITY TRUST**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## Comments from school leavers:
‘I would like to thank you for all the support and help you gave me throughout my daughters’ nursery years. I really appreciate everything you have done for me. You are all wonderful teachers, and I will miss you very much.’
‘Thank you so much for the incredible guidance and support you’ve given us this year. We feel truly fortunate that my daughter was able to share part of her Pre-School journey at Little Fishes and only wish she had joined you even sooner! This past year has brought its share of challenges, but your dedication and passion have made such a difference. You’ve not only helped my daughter access the support she needs and deserves, but you’ve also given us as parents the confidence and tools to better understand and meet her needs. We are so grateful for the extra time, care and learning opportunities you have provided and because of you and your wonderful team at Little Fishes, we believe my daughter is heading into her next chapter at school with the strongest possible foundation. We have no doubt she will continue to thrive, and we will always carry with us the difference you’ve made in her life, and ours.’
Gwyn Pritchard Chair
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **Structure, governance and management**
## **a. Constitution**
STOREHOUSE COMMUNITY TRUST is a registered charity, number 1164768, and is constituted under a Trust deed.
## **b. Methods of appointment or election of Trustees**
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Page 3
**STOREHOUSE COMMUNITY TRUST**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales 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 its incoming resources and application of resources, including its income and expenditure, 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 of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- 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 adequate accounting records that are sufficient to show and explain the Charity's transactions and 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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They 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 order of the members of the board of Trustees on 30 October 2025 and signed on their behalf by:
## **Michael John Smither (Treasurer)**
Page 4
**STOREHOUSE COMMUNITY TRUST**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
## **Independent Examiner's Report to the Trustees of STOREHOUSE COMMUNITY TRUST ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 August 2025.
## **Responsibilities and Basis of Report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
Your attention is drawn to the fact that the Charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable 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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Page 5
**STOREHOUSE COMMUNITY TRUST**
## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
Signed:
Dated: 30 October 2025
**Kolade Andrew Alli ACMA**
The ARK Financial Management Consultancy Ltd 10 Gatcombe Gardens West End, Hampshire SO18 3NA
Page 6
**STOREHOUSE COMMUNITY TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025**
|**Note**
**Income from:**
Donations and legacies
2
**Total income**
**Expenditure on:**
Charitable activities
3
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
**185,218**
**185,218**
**146,274**
**146,274**
**38,944**
**153,279**
**38,944**
**192,223**|**Total**
**funds**
**2025**
**£**
**185,218**
**185,218**
**146,274**
**146,274**
**38,944**
**153,279**
**38,944**
**192,223**|_Total_
_funds_
_2024_
_£_
_162,891_|
|---|---|---|---|
||||_162,891_|
||||_131,171_|
||||_131,171_|
||||_31,720_|
||||_121,559_
_31,720_|
||||_153,279_|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 to 16 form part of these financial statements.
Page 7
## **STOREHOUSE COMMUNITY TRUST**
## **BALANCE SHEET AS AT 31 AUGUST 2025**
|**Fixed assets**
**Note**
Tangible assets
6
**Current assets**
Cash at bank and in hand
Creditors: amounts falling due within one
year
7
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
8
Unrestricted funds
8
**Total funds**|**192,192**
**192,192**
**(600)**|**2025**
**£**
**631**
**631**
**191,592**
**192,223**
**192,223**
**192,223**
**-**
**192,223**
**192,223**|_153,098_
_153,098_
_(660)_|_2024_
_£_
_841_|
|---|---|---|---|---|
|||||_841_
_152,438_|
|||||_153,279_|
|||||_153,279_|
|||||_153,279_|
|||||_-_
_153,279_|
|||||_153,279_|
The financial statements were approved and authorised for issue by the Trustees on 30 October 2025 and signed on their behalf by:
## **Michael John Smither (Treasurer)**
The notes on pages 9 to 16 form part of these financial statements.
Page 8
**STOREHOUSE COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **1. Accounting policies**
## **1.1 Basis of preparation of financial statements**
The financial statements 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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
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.
## **1.2 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
## **1.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **1.4 Tangible fixed assets and depreciation**
Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Page 9
**STOREHOUSE COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **1. Accounting policies (continued)**
## **1.4 Tangible fixed assets and depreciation (continued)**
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
Office equipment - 25%
## **1.5 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.6 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
## **1.7 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Page 10
**STOREHOUSE COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **2. Income from donations and legacies**
||**2. Income from donations and legacies**||||
|---|---|---|---|---|
|||**Unrestricted**
**funds**|**Total**|**Total**|
||||||
||||||
|||**General**|**2025**|**2024**|
||||||
|||**£**|**£**|**£**|
||||||
||Parental Fees|13,120|13,120|14,007|
||West Northamptonshire County council|162,391|162,391|145,620|
||
funding||||
||Bank interest receivable|2,707|2,707|2,454|
||Other Income|7,000|7,000|810|
||||||
|||185,218|185,218|162,891|
Page 11
**STOREHOUSE COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **3. Expenditure on charitable activities**
||**3. Expenditure on charitable activities**||
|---|---|---|
||**Unrestricted**
**funds**|**Total**
**Total**|
||**General**
**£**|**2025**
**2024**|
|||**£**
**£**|
||Wages and salaries
103,036|103,036
88,716|
||Staff NIC (Employers)
10,747|10,747
11,433|
||Staff pensions
4,533|4,533
4,336|
||Training
3,713|3,713
906|
||Rent
16,706|16,706
16,800|
||Consumables
1,705|1,705
1,910|
||Snacks
1,351|1,351
1,306|
||Office Costs
1,525|1,525
1,710|
||Bank Fees
60|60
60|
||Insurance
1,728|1,728
1,557|
||Depreciation of office equipment
210|210
281|
||Memberships
420|420
70|
||Cost of Trips
0|0
1,171|
||Cost of Uniform
0|0
255|
||Independent examiner's fee
540|540
660|
||||
||146,274|146,274
131,171|
Page 12
**STOREHOUSE COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **4. Independent examiner's remuneration**
||**2025**|_2024_|
|---|---|---|
||**£**|_£_|
|Fees payable to the Charity's independent examiner for the independent|||
|examination of the Charity's annual accounts|**600**|_660_|
## **5. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2024 - £NIL)_
During the year ended 31 August 2025, no Trustee expenses have been incurred _(2024 - £NIL)_ .
## **6. Tangible fixed assets**
|**Cost or valuation**
At 1 September 2024
At 31 August 2025
**Depreciation**
At 1 September 2024
Charge for the year
At 31 August 2025
**Net book value**
At 31 August 2025
_At 31 August 2024_|**Office**
**equipment**
**£**
**1,995**
**1,995**
**1,154**
**210**
**1,364**
**631**
_841_|
|---|---|
Page 13
**STOREHOUSE COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **7. Creditors: Amounts falling due within one year**
||**2025**|_2024_|
|---|---|---|
||**£**|_£_|
|Accruals and deferred income|**600**|_660_|
Page 14
**STOREHOUSE COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **8. Statement of funds**
## **Statement of funds - current year**
||**Balance at 1**|||**Balance at**|
|---|---|---|---|---|
||**September**|||**31 August**|
||**2024**|**Income**|**Expenditure**|**2025**|
||**£**|**£**|**£**|**£**|
|**Unrestricted funds**|||||
|General Funds|**153,279**|**185,218**|**(146,274)**|**192,223**|
Page 15
## **STOREHOUSE COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **8. Statement of funds (continued)**
## **Statement of funds - prior year**
||_Balance at_|||_Balance at_|
|---|---|---|---|---|
||_1 September_|||_31 August_|
||_2023_|_Income_|_Expenditure_|_2024_|
||_£_|_£_|_£_|_£_|
|**Unrestricted funds**|||||
|General Funds|_121,559_|_162,891_|_(131,171)_|_153,279_|
Page 16