## StoryHouse Project
Report and Accounts Year ended 31st October 2022
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
## **STORYHOUSE PROJECT**
## **COMPANY INFORMATION**
## **FOR THE YEAR ENDED 31 OCTOBER 2022**
## **Trustees**
ANYA SWIFT ANDREW M HEDLEY HELEN CONDRAN GERALDINE FOSTER (appointed 01/11/2022) ELEANOR SMYLLIE (appointed 01/11/2022)
## **Key Staff**
DAVID LOWRIE
## **Governing Document**
Memorandum and Articles of Association dated 22 October 2015
**Company Registration Number** 09838070 **Charity Registration Number** 1165340 **Registered Office** 32 Liverpool Road Crosby Liverpool L23 5SF
## **Independent Examiner**
Lisa Darby FCA Stewardship 1 Lamb's Passage London EC1Y 8AB
**----- Start of picture text -----**
Contents Page
Company Information 1
Trustees' Annual Report 2-6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10 - 16
Detailed Statement of Financial Activities with Comparatives 17
**----- End of picture text -----**
Page 1
## **STORYHOUSE PROJECT**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)**
## **FOR THE YEAR ENDED 31 OCTOBER 2022**
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 2022. 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 consultation with the church leadership, in their absolute discretion shall think fit.
StoryHouse is a charity originally set up by St Luke's Church Crosby to benefit the local community and create an accessible form of church for people who find traditional forms of church inaccessible, 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, to pray with people and to help aid the exploration of the Christian faith. Within the coffee shop we offer space for local community organisations 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.
StoryHouse has expanded and developed since the charity was first set up in 2018. We have consulted with trustees, church leaders and others in order to consider updating our purpose, vision, aims and objectives.
these include;
- Making church accessible to all
- Outreach to the local community through the coffee shop
- Providing a safe space for whoever needs it
- Offering the upstairs space of the coffee shop to serve the local community. this includes all age groups, from children, families and adults.
- A greater investment in the spiritual life of the staff and enabling them to further share the Christian faith.
- Development of the prayer life of the cafe and church.
- Creating pathways for those who come to faith to be nurtured in their new faith.
Page 2
## **STORYHOUSE PROJECT**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)**
## **FOR THE YEAR ENDED 31 OCTOBER 2022**
## **Our Vision**
StoryHouse seeks to make a difference to people’s lives offering that space to explore faith further and be transformed in the knowledge of Jesus. We want to create a series of different spaces where people can explore the Christian faith wherever they are. Ranging from social spaces, welcoming and meeting people’s needs through to experiencing and exploring the Christian faith and finally spaces where those who have become Christians to grow and mature. This also means investing in the development of staff and volunteers as much as the outreach work.
## **Values**
Our core values are…
- Jesus centred - expressed in our moto ‘to be with Jesus, become like Jesus and to do what Jesus did’.
- Authentic community – a healthy community is necessary as a base to reach others.
- Formation – our aim is to make disciples, or to use a contemporary phrase apprentices of Jesus. We invest in the discipleship journey so that we grow in spiritual and emotional maturity.
- Hospitality - We love our neighbours by creating welcoming spaces and through acts of service. We create great spaces and atmospheres through high creativity and high standards of cleanliness and our encounters with people are relational and not mere transactions.
- Creativity – Stagnation has led to numerical decline in the church in the UK. Innovation is necessary for the church to continue among new generations.
## **Delivering Aims**
At StoryHouse coffee shop we uniquely give a lot of time and attention given to customers. This has built many good friendships and more for those who need the support of a listening ear or free food and drink where appropriate.
- We offer individual and personal care and attention
- Take time to talk and listen to customers
- Offer free food and drinks to homeless and 'big issue' workers.
- Develop a positive relationship with the regular customers.
Through this we have many stories where peoples lives have changed for the better.
## **Achievements and Performance**
StoryHouse Church meets every Sunday In person, and is broadcast live through Facebook and YouTube. The Church gathering on a Sunday is a warm, welcoming and accessible space. It offers provision for all age groups and the number of children has grown significantly as young families have joined the church. Due to the growth in church attendance we have moved to a bigger venue, and rented the hall at a local school, St Michael's High, Crosby. Midweek formation and community groups meet in people’s homes at various times. We also meet for prayer and worship once a month. In addition, the coffee shop staff meet weekly on Tuesday mornings to pray and study the bible before the coffee shop opens.
Page 3
## **STORYHOUSE PROJECT**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)**
## **FOR THE YEAR ENDED 31 OCTOBER 2022**
## **Our Work and public benefit**
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission. In addition to what has been mentioned above…
Partnering with Armenian Ministries to send aid to those in need.
Providing hampers for isolated customers at Christmas Partnership with St Michael's high school Delivering courses such as introductions to prayer exploring the Christian faith Offering the upstairs space in the coffee shop to benefit individuals and the public Recruited and established a youth worker for the L23 partnership of churches as well as StoryHouse church Host a weekly youth group
Run a growing community carol service in the village on Christmas Eve
## **Storytime**
Storytime runs every Wednesday, term time, upstairs in the coffee shop.It is an activity group for preschoolers and their parents or carers. It is very popular and well attended and enjoyed by the local community in Crosby. A staff member with the support of the volunteers offer a number of activities that includes a snack time along with a different story each week, followed by a time of singing. There is also a WhatsApp group for the regulars to offer ongoing community and support in the week. As with the cafe prayer and explorations of the Christian faith are available for those who ask as well as faith based activities at Christmas and Easter.
## **Youth Work**
A new youth worker for the local Anglican churches including StoryHouse has developed work across local schools and starting new youth groups. One such group is the on that meets every Friday night for fun, a safe place to spend with friends and the positive influence of gospel of Jesus Christ.
## **Other 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, a ceilidh and music events open to the public. At Christmas we held a community carol service accompanied by a brass band outside StoryHouse coffee shop 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 coffee shop 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**
All 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.
Page 4
**FOR THE YEAR ENDED 31 OCTOBER 2022**
## **STORYHOUSE PROJECT**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)**
## **BMO**
Within the Church of England, StoryHouse originally operated as an extension of St Luke’s Church Great Crosby. We are now however are a Bishops Mission Order (BMO), which means we are 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
## **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 reduced by £2,987, to £213,917, and expenditure increased by £31,827, to £229,430. As a result there was a deficit for the year of £15,513 (2021 surplus £19,302) and the charity's net assets reduced by the same amount, to £47,483. Net current assets reduced by £13,255, to £42,522.
## **Reserves policy**
The trustees have determined that the charity should aim to hold unrestricted cash of no less than £47,750 (which equates to about 2.1 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 £39,962 so the charity is not currently complying with its reserves policy. The trustees will seek to bring unrestricted cash in line with the policy by 2025, the progress of which will be monitored by a financial subgroup of the trustees.
## **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.
Page 5
## **STORYHOUSE PROJECT**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)**
## **FOR THE YEAR ENDED 31 OCTOBER 2022**
## **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
5. 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: 19 July 2023
Page 6
## **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 2022 on pages 8 to 17 following, which have been prepared on the basis of the accounting policies set out on pages 10 to 11.
## **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 FCA
Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: 19 July 2023
Page 7
## **STORYHOUSE PROJECT**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 OCTOBER 2022**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and Grants
3
Charitable activities
4
Other income
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities
5
Other
**Total expenditure**
**Net income/(expenditure)**
**Transfers between funds**
13
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
13|Unrestricted
Funds
£
73,465
116,902
-
190,367
216,637
-
216,637
(26,270)
-
(26,270)
59,173
32,903|Restricted
Funds
£
23,550
-
-
23,550
12,793
-
12,793
10,757
-
10,757
3,822
14,579|Total
Funds
2022
£
97,015
116,902
-
213,917
229,430
-
229,430
(15,513)
-
(15,513)
62,995
47,482|Total
Funds
2021
£
94,406
122,247
251
216,903
197,602
-
197,602
19,301
-
19,301
43,694
62,995|
|---|---|---|---|---|
_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 10-16 form part of these accounts.
Page 8
## **STORYHOUSE PROJECT**
## **BALANCE SHEET**
## **AS AT 31 OCTOBER 2022**
|Note
**FIXED ASSETS**
Tangible assets
7
**CURRENT ASSETS**
Stock
8
Debtors
9
Cash at bank and in hand
10
**CREDITORS: Amounts falling**
**due within one year**
11
**Net current assets / (liabilities)**
**Net assets / (liabilities) excluding**
**pension asset / (liability)**
**TOTAL NET ASSETS**
**FUND BALANCES**
13
Unrestricted Funds
General funds
Designated funds
Restricted Funds|Unrestricted
Funds
£
4,960
2,091
9,361
39,962
51,414
(23,471)
27,943
32,903
32,903
32,903
-
32,903
-
32,903|Restricted
Funds
£
-
-
-
14,579
14,579
-
14,579
14,579
14,579
-
-
-
14,579
14,579|Total
Funds
2022
£
4,960
2,091
9,361
54,541
65,993
(23,471)
42,522
47,482
47,482
32,903
-
32,903
14,579
47,482|Total
Funds
2021
£
7,219
-
16,232
49,440
65,672
(9,896)
55,777
62,995
62,995
59,173
-
59,173
3,822
62,995|
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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 directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities
- (a) ensuring that the charitable company keeps accounting records which 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 net income or expenditure 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.
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: 19 July 2023
The notes on page 10-16 form part of these accounts.
Company number: 09838070
Charity number: 1165340
Page 9
## **STORYHOUSE PROJECT**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 OCTOBER 2022**
## **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:
i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
The charity relies on volunteers to carry out many of its activities, particularly church activities including children and youth work and outreach initiatives. 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 10
## **STORYHOUSE PROJECT**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 OCTOBER 2022**
## 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
**a**
Job Retention Scheme grants
Restart grant
Omicron grant
**4**
**Income from charitable activities**
Café Income
Government grants comprise:|2022
£
59,314
13,200
4,000
20,500
97,015
2022
£
-
-
4,000
4,000
2022
£
116,902
116,902|2021
£
54,133|
|||12,109|
|||23,164
5,000
94,406
2021
£
11,164
12,000
-
23,165
2021
£
122,247
122,247|
Page 11
## **STORYHOUSE PROJECT**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 OCTOBER 2022**
## **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 and consumables
Bank loan interest payable
Legal fees
Depreciation of tangible fixed assets
Insurance
**Total expenditure**|2022
£
10,641
121,069
8,769
409
50,392
5,241
18,822
3,541
218,884
-
218,884
2,520
1,527
4,047
101
710
273
441
3,239
1,734
10,545
229,430|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
18,254
197,603|
|---|---|---|
The fee payable to the independent examiner for preparing and examining the accounts was £2,520 (2021: £2,400).
## **c Grants payable**
|Institutions
£
Grants for overseas mission
-
The comparatives for the previous year are as follows:
Institutions
£
Grants for overseas mission
1,600
The charity's principal grants to institutions comprised:
Armenian Ministries
**6**
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
£
-
Individuals
£
-
2022
£
-|2022
£
-
2021
£
1,600
2021
£
1,600|
|---|---|---|
||2022
£|2021
£|
||115,421
3,464
1,978
-
120,863|99,902
-
1,293
-
101,195|
The average monthly number of employees during the year was 15 (2021: 12). 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 £21,017 (2021: £24,077).
Page 12
## **STORYHOUSE PROJECT**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 OCTOBER 2022**
## **7 Tangible fixed assets**
|Cost
At 1 November 2021
Additions
Disposals
At 31 October 2022
Accumulated depreciation
At 1 November 2021
Charge for the year
Eliminated on disposal
At 31 October 2022
Net book value
At 31 October 2022
At 31 October 2021|Fixtures
and Fittings
£
49,303
714
-
50,017
45,552
2,027
-
47,579
2,438
3,751|Plant and
Machinery
£
15,008
-
-
15,008
11,747
1,094
-
12,840
2,168
3,261|Office
Equipment
£
798
266
-
1,064
593
118
-
711
353
205|Total
2022
£
65,109
980
-
66,089
57,891
3,239
-
61,130
4,960
7,219|
|---|---|---|---|---|
The above costs for Plant & Machinery includes £8,500 (2021: £8,500) for assets held under finance leases. The Net Book Value of these assets in both years is Nil.
## **8 Stock**
|Purchased for re-sale, at cost
Purchased for own use
**Debtors**
**Falling due within one year:**
Trade debtors
Gift Aid Reclaim
Rent Deposit
VAT
Other Debtor
**Total debtors**
**Cash at Bank and in Hand**
Cash at bank with immediate access
Petty cash
**Creditors: liabilities falling due within one year**
Trade creditors
Taxation and social security
VAT
Accruals
Other Creditors|2022
£
891
1,200
2,091
2022
£
-
7,452
1,667
-
242
9,361
2022
£
54,142
400
54,542
2022
£
3,285
1,910
11,064
5,533
1,679
23,471|2021
£
-
-
-
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|
|---|---|---|
## **9 Debtors**
## **10 Cash at Bank and in Hand**
## **11 Creditors: liabilities falling due within one year**
Page 13
## **STORYHOUSE PROJECT**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2022**
## **12 Pension commitments**
During the year employer’s pension contributions totalling £1,978 (2021: £1,293) were payable to defined contribution personal pension schemes. Pension contributions of £174 were owing at the balance sheet date (2021: £171).
## **13 Funds**
During the year the movements in the charity's funds were as follows:
|_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Children's Work Fund
Church Leadership Salary Fund
Generosity Fund
Evangelism Fund
Youth Worker
Aggregate of funds|Opening
balance
2022
£
59,173
59,173
3,822
-
-
-
-
3,822
62,995|Incoming
resources
2022
£
190,367
190,367
0
1,800
1,250
2,500
18,000
23,550
213,917|Outgoing
resources
2022
£
(216,637)
(216,637)
(444)
(1,800)
(2,500)
(8,049)
(12,793)
(229,430)|Transfers
in the year
2022
£
-
-
-
-
-
-
-
-
-|Gains and
losses
2022
£
-
-
-
-
-
-
-
-
-|Closing
balance
2022
£
32,903
32,903
3,378
-
1,250
-
9,951
14,579
47,482|
|---|---|---|---|---|---|---|
## **Analysis of net assets by fund**
The assets and liabilities of the various funds were as follows:
|Tangible fixed assets
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year||General
Designated
funds
funds
£
£
4,960
-
2,091
-
9,361
-
39,962
-
(23,471)
-
32,903
-
Unrestricted Funds|Restricted
funds
£
-
-
-
14,579
-
14,579|2022
£
4,960
2,091
9,361
54,541
(23,471)
47,482|
|---|---|---|---|---|
Page 14
## **STORYHOUSE PROJECT**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 OCTOBER 2022**
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
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|
|---|---|---|---|---|---|---|
## **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
£
£
7,219
-
16,232
-
45,618
-
(9,896)
-
59,173
-
Unrestricted Funds|Restricted
funds
£
-
-
3,822
-
3,822|2021
£
7,219
16,232
49,440
(9,896)
62,995|
|---|---|---|---|---|
|||General
funds
£
7,219
16,232
45,618
(9,896)
59,173|||
_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._
_The Evangelism Fund received a donation which we used to pay a staff member to focus on evangelism in the cafe for part of his hours._
_The Youth Worker Fund: the charity received a grant from Sefton North Deanery towards the employment of a youth worker for local churches._
_The Generosity Fund: the charity received a donation to be used for the benefit of local people facing financial hardship._
## **14 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:
|Within one year
Between one and five years
After five years
Payments falling due:|2022
£
19,000
57,000
-
76,000|2021
£
19,000
76,000
-
95,000|
|---|---|---|
During the year the charity was charged £18,822 (2021: £20,000) for its operating lease.
Page 15
## **STORYHOUSE PROJECT**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 OCTOBER 2022**
## **15 Transactions with related parties**
During the year the charity:
- a) received donations totalling £19,680 (2021: £13,680) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).
- b) No expenses (2021: £NIL) were paid to, or for, the trustees.
During the year the charity also made the following payments to, or for, related parties:
- a) Elizabeth Lowrie, who is closely related to David Lowrie, who is a member of key management, received employment benefits totalling £11,906 (2021: £6,457) for providing services as the Co-Lead Pastor to the charity.
- b) Jemima Swift, who is closely related to Anya Swift, who is a trustee, received employment benefits totalling £3,358 (2021: £3,292) for providing barista services to the charity.
## **16 Members**
Each member of the company commits to contribute if the charity is wound up an amount of £1.
Page 16
## **STORYHOUSE PROJECT**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES**
## **FOR THE YEAR ENDED 31 OCTOBER 2022**
|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**
13
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
13||General
Designated
2022
2022
£
£
73,465
-
116,902
-
-
-
-
-
190,367
-
216,637
-
-
216,637
-
(26,270)
-
-
-
(26,270)
-
59,173
-
32,903
-
Unrestricted funds|Restricted
2022
£
23,550
-
-
-
23,550
12,793
12,793
10,757
-
10,757
3,822
14,579|Total
2022
£
97,015
116,902
-
-
213,917
229,430
-
229,430
(15,513)
-
(15,513)
62,995
47,482||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
-
-
-
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|
|---|---|---|---|---|---|---|---|---|
_Rounding differences of £1 may appear in these accounts_
Page 17