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2021-10-31-accounts

StoryHouse Project

Report and Accounts Year ended 31st October 2021

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

STORYHOUSE PROJECT

COMPANY INFORMATION

FOR THE YEAR ENDED 31 OCTOBER 2021

Trustees

ANYA SWIFT PAUL COOK (resigned Sept 2021) ANDREW M HEDLEY HELEN CONDRAN

Key Staff

DAVID LOWRIE

Governing Document

Memorandum and Articles of Association dated 22 October 2015

Company Registration Number

09838070

Charity Registration Number

Registered Office

1165340 32 Liverpool Road Crosby Liverpool L23 5SF

Independent Examiner

Lisa Darby ACA Stewardship 1 Lamb's Passage London EC1Y 8AB

Contents Page
Company Information 1
Trustees' Annual Report 2-5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9 - 15
Detailed Statement of Financial Activities with Comparatives 16

Page 1

STORYHOUSE PROJECT

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 OCTOBER 2021

The trustees who are also the directors of the charity for the purpose of the Companies Act 2006, present the report with the financial statements of the charity for the year ended 31 October 202. The trustees have adopted the provision of accounting and Reporting by Charities: Statements of Recommended Practice preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

Objects of the charity

The charity is a charitable company and is governed by its memorandum and articles of association. The objects of the charity, as set out in the governing document are to advance the Christian faith in accordance with the principles, practices and tenets of the Church of England in such ways as the Trustees in their absolute discretion shall think fit.

StoryHouse is a charity set up by St Luke's Church to benefit the community in Crosby and create an accessible form of church for people who feel like they don't fit anywhere else and to help the regeneration of Crosby Village and to improve community connections. This vision is expressed through a constant presence of a coffee shop with staff who are available as a listening ear and to pray with people. Through our community space we offer space for local community organisations and start up sole traders and our own community events.

We are a church that aims to be accessible to locals who may find traditional forms of church inaccessible. This occurs every Sunday in St Michael's High School, Crosby, and during the week in the cafe reaching out to the local community.

Maintaining our Aims

At our trustee meetings we review our effectiveness in delivering our aims and objectives, this document is a result of that ongoing work. This review looks at each area of activity and how it has benefited the public. We have referred to the guidance contained in the Charities Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

Page 2

STORYHOUSE PROJECT

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 OCTOBER 2021

Achievements and Performance

StoryHouse Church meets every Sunday In person again, following the lifting of restrictions on the coronavirus pandemic. Due to the growth in church attendance we have moved to a bigger venue, and rented the hall at a local school, St Michaels High, Crosby. We also broadcast live through Facebook and YouTube. Midweek services are held in person and via Zoom. We also meet for prayer and worship once a month.

Community Activities

Throughout the year we have hosted various activities to build community in Crosby and make the Christian faith more accessible. These include quiz nights, ‘Storytime’ a weekly term time group for preschoolers, and other social activities. At Christmas we held a community carol service accompanied by a brass band outside StoryHouse cafe with a creative retelling of the Christmas story. We support local organisations and independent individuals by hosting them in the upper room of the StoryHouse cafe to strengthen the local community. These have included activities for adults during the day and for children after school including home workers, after school activities and craft for wellbeing.

StoryHouse Staff

Many of our staff are young Christians exploring how to use their faith in the world. We aim to be a place where they can discover and grow into their unique calling. We have weekly spiritual formation and prayer time with the staff, away days and team nights.

BMO

Within the Church of England, StoryHouse operates as an extension of St Luke’s Church Great Crosby. We are currently applying for a Bishops Mission Order (BMO), which, once approved, means we will become a church in our own right within the Diocese of Liverpool.

Pay Review

This year we carried out a pay review in line with inflation and an increase in the living and minimum wage. We value our staff and fairness and equality are key to our values

Page 3

STORYHOUSE PROJECT

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 OCTOBER 2021

Structure, Governance and Management

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The trustees meet approximately bi monthly and have met more frequently when decisions have needed to be made. As well as acting as the accountable body they have also acted as line managers to the project manager and café manager and as volunteers with some of the work of the charity. The senior manager, café manager and the co-lead pastor for the church also attend these meetings to give their related feedback and suggestions. The Senior Manager who is also the pioneer minister reports directly to the trustees.

Financial review

During the year income increased by £18,982, to £216,903, and expenditure increased by £27,285, to £197,602. As a result surplus for the year decreased by £8,303, to £19,302 and the charity's net assets increased by the same amount, to £62,996. Net current assets increased by £27,511, to £55,776.

Reserves policy

The trustees have determined that the charity should aim to hold unrestricted cash of no less than £38,150 (which equates to about 2.5 months' of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £45,617 and the charity is complying with its reserves policy.

Key risks and uncertainties

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

Plans for the future

The trustees are discussing plans for the refurbishment of the café premises after five years of continuous use. They are also restarting regular youth work in the building following the lifting of Covid restrictions.

Page 4

STORYHOUSE PROJECT

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 OCTOBER 2021

Responsibilities of trustees under company law

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material

departures disclosed and explained in the financial statements; and

  1. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by

Helen Condran

Helen Condran

Date: 24 July 2022

Page 5

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

STORYHOUSE PROJECT

('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2021 on pages 7 to 16 following, which have been prepared on the basis of the accounting policies set out on pages 9 to 10.

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.

Lisa Darby

Lisa Darby ACA

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: 25 July 2022

Page 6

STORYHOUSE PROJECT

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 OCTOBER 2021

Note
INCOME AND ENDOWMENTS FROM:
Donations and Grants
3
Charitable activities
4
Investments
Other income
Total income and endowments
EXPENDITURE ON:
Charitable activities
5
Other
Total expenditure
Net income/(expenditure)
Transfers between funds
12
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 Unrestricted
Funds
£
83,006
122,247
-
251
205,503
194,824
-
194,824
10,679
6,135
16,814
42,359
59,173		 Restricted
Funds
£
11,400
-
-
-
11,400
2,778
-
2,778
8,622
(6,135)
2,487
1,335
3,822		 Total
Funds
2021
£
94,406
122,247
-
251
216,903
197,602
-
197,602
19,301
-
19,301
43,694
62,995		 Total
Funds
2020
£
112,579
85,341
1
-
197,921
170,317
-
170,317
27,604
-
27,604
16,090
43,694

Rounding differences of £1 may appear in these accounts

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on page 9-15 form part of these accounts.

Page 7

STORYHOUSE PROJECT

BALANCE SHEET

AS AT 31 OCTOBER 2021

Note
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
9
CREDITORS: Amounts falling
due within one year
10
Net current assets / (liabilities)
Net assets / (liabilities) excluding
pension asset / (liability)
TOTAL NET ASSETS
FUND BALANCES
12
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
7,219
16,232
45,618
61,850
(9,896)
51,954
59,173
59,173
59,173
-
59,173
-
59,173		 Restricted
Funds
£
-
-
3,822
3,822
-
3,822
3,822
3,822
-
-
-
3,822
3,822		 Total
Funds
2021
£
7,219
16,232
49,440
65,672
(9,896)
55,776
62,995
62,995
59,173
-
59,173
3,822
62,995		 Total
Funds
2020
£
15,429
2,028
35,830
37,858
(9,593)
28,265
43,694
43,694
42,359
-
42,359
1,335
43,694

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

Helen Condran

Helen Condran

Date: 24 July 2022

The notes on page 9-15 form part of these accounts.

Company number: 09838070

Charity number: 1165340

Page 8

STORYHOUSE PROJECT

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2021

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. In making this assessment the trustees have considered how Covid-19 might affect projections.

b) Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations includes:

The charity relies on volunteers to carry out many of its activities, particularly church activities including children and youth work and outreach initiaitves. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) 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. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

Page 9

STORYHOUSE PROJECT

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2021

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis over 5 years so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life.

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Pension scheme arrangements The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

g) Taxation
The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is
payable on the charity's income.
h) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

i) Critical accounting estimates and areas of judgement The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

3 Donations and Grants

3
Donations and Grants
Donations of cash and similar
Income tax recoverable
Government grants (note 3a)
Other grants receivable
Legacies receivable
a
Job Retention Scheme grants
Restart grant
Eat Out to Help Out
4
Income from charitable activities
Café Income
Government grants comprise:		 2021
£
54,133
12,109
23,164
5,000
94,406
2021
£
11,164
12,000
-
23,164
2021
£
122,247		 2020
£
52,639
11,154
23,403
25,383
112,579
2020
£
21,296
-
2,106
23,403
2020
£
85,341

Page 10

STORYHOUSE PROJECT

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2021

5 Charitable expenditure

a
Costs incurred directly on specific activities
Church and Mission
Salaries, training, travel and expenses
Telephone and utilities
Advertising
Café Purchases
Repairs and renewals
Rent
Miscellaneous expenses
Donations in kind expensed
Grants payable (note 5c)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Other
Printing, postage and stationery
Software licences
Bank loan interest payable
Legal fees
Depreciation of tangible fixed assets
Insurance
Total expenditure		 2021
£
4,739
101,249
5,310
502
43,735
793
20,000
1,421
177,749
1,600
179,349
2,400
560
2,960
-
370
85
777
11,322
2,740
18,253
197,602		 2020
£
1,067
90,020
4,246
335
37,091
420
19,583
1,831
154,593
-
154,593
392
-
392
-
1,421
75
824
10,625
2,386
15,724
170,317

The fee payable to the independent examiner for preparing and examining the accounts was £2,400 (2020: £392).

c Grants payable

Institutions
£
Grants for overseas mission
1,600
The charity's principal grants to institutions comprised:
Armenian Ministries
Gross wages and salaries
Social security
Pension costs
Other employment benefits
Analysis of staff costs, the cost of key management personnel and trustee remuneration		 Individuals
£
-
2021
£
1,600		 2021
£
1,600
2020
£
-
2021 2020
£ £
99,902 87,391
- 1,528
1,293 1,101
- -
101,195 90,020

6 Analysis of staff costs, the cost of key management personnel and trustee remuneration

The average monthly number of employees during the year was 12 (2020: 9). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

During the year key management received employment benefits totalling £24,077 (2020: £20,414).

Page 11

STORYHOUSE PROJECT

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2021

7 Tangible fixed assets

Cost
At 1 November 2020
Additions
Disposals
At 31 October 2021
Accumulated depreciation
At 1 November 2020
Charge for the year
Eliminated on disposal
At 31 October 2021
Net book value
At 31 October 2021
At 31 October 2020		 Fixtures
and Fittings
£
46,191
3,112
-
49,303
35,691
9,861
-
45,552
3,751
10,500		 Plant and
Machinery
£
15,008
-
-
15,008
10,445
1,302
-
11,747
3,261
4,563		 Office
Equipment
£
798
-
-
798
433
160
-
593
205
365		 Total
2021
£
61,998
3,112
-
65,109
46,569
11,322
-
57,891
7,219
15,429

The above costs for Plant & Machinery includes £8,500 (2020: £8,500) for assets held under finance leases. The Net Book Value of these assets in both years is Nil.

8 Debtors

Falling due within one year:
Trade debtors
Gift Aid Reclaim
Rent Deposit
VAT
Other Debtor
Total debtors
h at Bank and in Hand
Cash at bank with immediate access
Petty cash
itors: liabilities falling due within one year
Trade creditors
Taxation and social security
VAT
Accruals
Other Creditors		 2021
£
-
12,469
1,667
1,855
242
16,232
2021
£
49,040
400
49,440
2021
£
1,302
5,295
-
2,400
898
9,896		 2020
£
361
-
1,667
-
-
2,028
2020
£
35,430
400
35,830
2020
£
1,675
5,552
583
-
1,783
9,593

9 Cash at Bank and in Hand

10 Creditors: liabilities falling due within one year

Page 12

STORYHOUSE PROJECT

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2021

11 Pension commitments

During the year employer’s pension contributions totalling £1,293 (2020: £1,101) were payable to defined contribution personal pension schemes. Pension contributions of £171 were owing at the balance sheet date (2020: £nil).

12 Funds

During the year the movements in the charity's funds were as follows:

General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Lay Leadership Salary Fund
Children's Work Fund
Armenia Fund
Church Leadership Salary Fund
Aggregate of funds		 Opening
balance
2021
£
42,359
42,359
1,335
-
-
-
1,335
43,694		 Incoming
resources
2021
£
205,503
205,503
3,000
5,000
1,600
1,800
11,400
216,903		 Outgoing
resources
2021
£
(194,824)
(194,824)
-
(1,178)
(1,600)
(2,778)
(197,602)		 Transfers
in the year
2021
£
6,135
6,135
(4,335)
-
-
(1,800)
(6,135)
-		 Gains and
losses
2021
£
-
-
-
-
-
-
-
-		 Closing
balance
2021
£
59,173
59,173
-
3,822
-
-
3,822
62,995

The transfers referred to above were made for the following reasons:

The Restricted Funds that were created to collect contributions toward the payroll expenses of the charity have been transferred a) to the general fund to offset the expense incurred in that fund.

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Unrestricted Funds

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
funds
£
7,219
16,232
45,617
(9,896)
59,173		 Designated
funds
£
-
-
-
-
-		 Restricted
funds
£
-
-
3,822
-
3,822		 2021
£
7,219
16,232
49,440
(9,896)
62,995

Page 13

STORYHOUSE PROJECT

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2021

In the previous year the movements in the charity's funds were as follows:

General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Lay Leadership Salary Fund
Aggregate of funds		 Opening
balance
2020
£
16,090
16,090
-
-
16,090		 Incoming
resources
2020
£
192,167
192,167
5,754
5,754
197,921		 Outgoing
resources
2020
£
(165,898)
(165,898)
(4,419)
(4,419)
(170,317)		 Transfers
in the year
2020
£
-
-
-
-
-		 Gains and
losses
2020
£
-
-
-
-
-		 Closing
balance
2020
£
42,359
42,359
1,335
1,335
43,694

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
15,429
2,028
34,495
-
(9,593)
42,359
-
Unrestricted Funds		 Restricted
funds
£
1,335
1,335		 2020
£
15,429
2,028
35,830
(9,593)
General
funds
£
15,429
2,028
34,495
(9,593)
42,359
43,694

The Lay Leader Salary Fund related to support from the Joshua Centre towards the salary of the lay leader of StoryHouse

The Children’s Work Fund was donated by Sefton North Deanery specifically for childrens work

The Armenia Fund was created by a fundraising initiative to support this ministry

The Leadership Salary Fund collects donations from a donor which have been given specifically to fund the salaries of the Church Leadership.

13 Operating lease commitments

The charity has an operating lease for the café premises which was renegotiated in October 2021. The minimum amount payable (until the next break clause and ignoring the potential effect of future rent reviews) in respect of this lease is as follows:

2021 2020
£ £
Payments falling due:
Within one year 19,000 20,000
Between one and five years 76,000 -
After five years - -
95,000 20,000

During the year the charity was charged £20,000 (2020: £19,583) for its operating lease.

Page 14

STORYHOUSE PROJECT

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2021

14 Transactions with related parties

During the year the charity:

During the year the charity also made the following payments to, or for, related parties:

15 Members

Each member of the company commits to contribute if the charity is wound up an amount of £1.

Page 15

STORYHOUSE PROJECT

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 OCTOBER 2021

Note
INCOME AND ENDOWMENTS FROM:
Donations and Grants
3
Charitable activities
4
Investments
Other income
Total income and endowments
EXPENDITURE ON:
Charitable activities:
5
Other
Total Expenditure
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 General
Designated
2021
2021
£
£
83,006
-
122,247
-
-
-
251
-
205,503
-
194,824
-
-
194,824
-
10,679
-
6,135
-
16,814
-
42,359
-
59,173
-
Unrestricted funds		 Restricted
2021
£
11,400.00
11,400
2,778
2,778
8,622
(6,135)
2,487
1,335
3,822		 Total
2021
£
94,406
122,247
-
251
216,903
197,602
-
197,602
19,301
-
19,301
43,694
62,995		 General
Designated
2020
2020
£
£
106,825
-
85,341
-
1
-
-
-
192,167
-
165,898
-
-
-
165,898
-
26,269
-
-
-
26,269
-
16,090
-
42,359
-
Unrestricted funds		 Restricted
2020
£
5,754
5,754
4,419
4,419
1,335
-
1,335
-
1,335		 Total
2020
£
112,579
85,341
1
-
197,921
170,317
-
170,317
27,604
-
27,604
16,090
43,694

Rounding differences of £1 may appear in these accounts

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