OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

Registered Charity Number 1177004

THE STOREHOUSE PROJECT

REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

THE STOREHOUSE PROJECT Reports and accounts

Contents

Page
Trustees’ Report 3
Statement of Directors’/Trustees’ Responsibilities 6
Independent Examiner’s Report 7
Statement of Financial Activities 8
Balance Sheet 9
Statement of cash flows 10
Notes to the accounts 11

2 | P a g e

THE STOREHOUSE PROJECT The report of the Trustees for the year ended 31 March 2021

Introduction

The trustees present their annual report and financial statements of the charity for the year ended 31 March 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011, and the 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). The board of trustees are satisfied with the performance of the charity during the year and the position at 31 March 2021 and consider that the charity is in a strong position to continue its activities during the coming year, and the charity’s assets are adequate to fulfil its obligations.

Purpose and Activities of the Charity

The charity’s objectives are:

In order to meet these objectives, and in cooperation with the guidance given by the Charities Commission regarding public benefit, the Storehouse Project collects and delivers food, clothing and furniture free of charge. Agencies refer clients who are subsequently contacted, and delivery of items requested are made. In addition to this the Storehouse Project complements this work through an online pastoral support system called InterConnect. The Storehouse Project also assists referring agencies and other local charities operating in the same area with bulk items e.g., washing powder to promote working together and further ensure the welfare of the most needy. We also provide training and mentoring opportunities for those who have been long-term unemployed or who face barriers to employment such as mental health issues through our Turning Point Project. The work of the Storehouse Project is carried out by staff and volunteers, there are around 20 volunteers who regularly contribute their time and the Storehouse Project employs 6 part-time staff and 1 full-time, ensuring the smooth running of daily activities.

Achievements and performance

At the start of 2020 the global pandemic hit, and this created major changes to the way in which we have worked across 20-21. The Storehouse Project was determined to continue to help those in need during this season and initially ceased furniture deliveries initially to concentrate on the provision of food throughout April. We worked very closely with local Council services to ensure food parcels could be delivered quickly to those that needed them. Volunteers stored foods in their cars so that deliveries could be made quickly. Office staff began to work from home, and we moved the food bank to the main Church Hall. In response to the crisis, we also set up a phone line for the over 70’s. This was in direct response to the calls we had received from elderly people who were struggling to get food online and who were isolated or shielding. We continued basic furniture deliveries shortly

3 | P a g e

THE STOREHOUSE PROJECT The report of the Trustees for the year ended 31 March 2021

after lock down began and provided essential items to doorsteps this included beds and starter packs.

During this period, we also contacted care homes in the local area and delivered bulk items to support residents who couldn’t see family or friends. We met regularly online with our staff and volunteers providing support to them during lockdown. In May we furloughed some staff for a few months to help with costs as we no longer were receiving income from Grace Shop or recycling.

We also received a large gift of money from P&G who chose us as their charity to support during the pandemic. Our Christmas Hamper project changed significantly in 2020 as we navigated through restrictions but also tried to continue to provide for families in need. The Christmas Hamper Project was run directly from our Miry Lane warehouse using only a few volunteers. Families packed hampers from home and bulk hampers were delivered by the Storehouse. We saw more hampers completed than any previous year a total of 449 where distributed. From January 21 to March 21, we moved the remaining food bank and clothing bank to our warehouse and Staff moved back to working from home as far as possible. Despite the many restrictions and obstacles faced during this challenging year the Storehouse had continue to provide for people in need.

Declaration

The trustees declare that they have approved the trustees’ report above.

Financial Review

Policies on reserves

Adequate reserves are maintained to fund the charity’s activities for at least six months forward.

Availability and adequacy of assets of the funds

The board of Trustee is satisfied that the charity assets in each fund are available and adequate to fulfil its obligations I respect of reach fund.

Transactions and Financial position

The charity’s income in the year was £74,850 (2020: £70,669) after expenditure of £92,905 (2020: £55,268) a deficit of £18,055 (2020: surplus of £14,551) is reported. General reserves carried forward amounted to £31,227.

Plans for future periods

The Storehouse plans to continue and expand the current work into 2021/22. By increasing volunteers across the project, the Storehouse will be in a position to help more people across the borough. In addition, the Storehouse will try to source funding to expand in other areas and continue to increase the number of business partners. We will continue to raise the profile of the Storehouse which assist with continued donations and support.

Reference and administrative details

Date of registration 05 February 2018 The Registered office is 31 Crank Road, Billinge, Wigan. WN5 7DT Charity Registration Number 1177004

4 | P a g e

THE STOREHOUSE PROJECT The report of the Trustees for the year ended 31 March 2021

Trustees of the Storehouse Project:

Nolan Bradshaw - Chair Kathryn Bradshaw April Davies Wendy Rickard Jane Miller John Leach Julie Smith – Treasurer

Staff:

Julie Smith – Centre Manager Emma Dickson - Administrator John Leach - Business & Logistics Dave Merry - Driver Christina Joshi - Development coordinator Rachel Buck – Office Manager

The Board of trustees held regular meetings across the year. Minutes from these meetings can be provided on application.

Structure, Governance and Management Nature of the Governing Documents and Constitution of the Charity

The Storehouse Project is Charitable Incorporated Organization (CIO).

Trustees are appointed by the existing trustee board through a vote which staff and members can also participate in.

The Trustees also consider the future need of the charity when looking to add the group of Trustees. Having regard to the particular skills required at each stage of the charity’s development. New Trustees are given a period of induction and continues training opportunities are made available to all Trustees.

The day-to-day operations of the charity are governed by Trustees who are directly engaged in the activity of the charity. Operational and tactical decisions are made by this group. The direction and strategy are discussed at a regular Trustees meeting.

Independent Examiner

Malcolm Wright, Elpizo Limited, Chartered Accountants, 13 Village Road, Higher Bebington Wirral, CH63 8PP

Statement of Trustees’ Responsibilities

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

The law applicable to charities requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the trustees are required to:

5 | P a g e

THE STOREHOUSE PROJECT The report of the Trustees for the year ended 31 March 2021

 state whether applicable UK accounting standards 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 proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to 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 Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

This report was approved by the board of Trustees on 17 January 2022

Signed:

NG Bradshaw

Trustee

6 | P a g e

THE STOREHOUSE PROJECT Independent Examiner’s Report to the Trustees of the Charity Report of the Independent Examiners to the Trustees on the account of the Charity for the year ended 31 March 2021

I report on the financial statement of the charitable company on page 8 to 16 for the year ended 31 March 2021.

This report is made solely to the charity’s trustees, as a body, in accordance with Section 145 of the Charities Act 2011. My examination 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 charity’s trustees as a body, for my examination, for this report, or for the opinions I have formed.

Respective responsibilities of the Trustees and Examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. It is my responsibility to:

Basis of opinion and scope of work undertaken

My examination was carried out in accordance to general directions given by the charity commission. An examination includes a review of accounting records, kept by the charity and a comparison of accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts and seeks explanations from the Trustees concerning any such matters. The procedure undertaken does not provide all the evidence that would be required in an audit. Consequently, no opinion is given to whether the accounts present a true and fair view and report is limited to the matters set out in the statement below.

Independent Examiner’s Statement

In connection with examination, no matters have come to my attention;

  1. Which gives me reasonable cause to believe that in any material respect the requirements;

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or

  4. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Malcolm Wright - Chartered Accountant Elpizo Limited, 13 Village Road, Higher Bebington, Wirral CH63 8PP

The date upon which my opinion is expressed is: 17 January 2022

7 | P a g e

THE STOREHOUSE PROJECT Statement of Financial Activities For the year ended March 2021

Unrestricted Unrestricted Restricted Total Total
Funds Funds Funds Funds
Notes 2021 2021 2021
2020
£ £ £
 £
Income
Donations and legacies 2
 46,964 -
 46,964 50,895
Income from charitable
activities 3
 - - - 18,450
Assets transferred or
disposed of - - - 1,324
Gift Aid
 5,099 - 5,099 -
Funds 10,900 - 10,900 -
Covid grant 11,887 - 11,887 -__
Total Income 74,850 -
 74,850 70,669
Expenditure
Expenditure on raising funds
- - - -
Expenditure on charitable
activities 4
 92,083 - 92,083 54,419
Governance 822 - 822 850
Total expenditure 92,905 - 92,905 55,269
Net income/(expenditure)
for the year (18,055) - (18,055) 14,550
Gross transfer between funds
 - - -
 -___
Net movement in funds (18,055) - (18,055) 14,550
Reconciliation of funds:
Total funds brought forward
49,281 - 49,281 _ _34,731___
Total funds carried forward
31,226 - 31,226 49,281

The net movement in funds to above in the net incoming resources as defined in the Statement of Recommendation Practice for Accounting and reporting issued by the Charity Commission for England and Wales and is reconciled to the total funds as shown in the Balance Sheet on page 10 as required by the said statement.

All activities derive from continuing operation

The notes on page 11 to 15 form an integral part of these accounts

8 | P a g e

THE STOREHOUSE PROJECT Statement of Financial Activities For the year ended March 2021 Analysis of prior year total funds as required by paragraph 4.2 of Statement of Recommended Practice (SORP)

Unrestricted Unrestricted Restricted Total
Funds Funds Funds
Notes 2020 2020 2020
£ £ £
Income
Donations and legacies 2
 50,895 -
 50,895
Income from charitable
activities 3
 18,450 - 18,450
Assets transferred or
disposed of 1,324 - 1,324
Total Income 70,669 - 70,669
Expenditure
Expenditure on charitable
activities 4
 55,268 - 54,418
Governance 850 - 850
Total expenditure 56,118 - 55,268
Net income/(expenditure)
for the year 14,551 - 14,551
Gross transfer between funds
-		 - -
Net movement in funds 14,551 - 14,551
Reconciliation of funds:
Total funds brought forward
34,731 - 34,731
Total funds carried forward
49,282 - 49,282

All activities derive from continuing operation

The notes on page 11 to 15 form an integral part of these accounts

9 | P a g e

THE STOREHOUSE PROJECT Balance Sheet As at 31 March 2021

Notes
Current Assets
Debtors
9

Cash at the bank and in hand

Total current assets

Creditors: -
Amount due within one year
10

Net current assets

Net assets
The funds of the charity:
Unrestricted income funds
Unrestricted revenue accumulated funds
Total charity funds		 2021
£
£
5,260
27,208
34,468
(1,242)
31,226
31,226
31,226
31,226

£
2,000
48,481
50,481
(1,200)

£
2,000
48,481
50,481
(1,200)




 2020
£

49,281
49,281
49,281
49,281


Approved by the board of Trustees on 17 January 2022 and signed on their behalf by:

Julie Smith – Treasurer

The notes on page 11 to 15 form an integral part of these accounts

10 | P a g e

THE STOREHOUSE PROJECT Notes to the Accounts for the year ended 31 March 2021

1. Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of preparation

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The 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) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The trust constitutes a public benefit entity as defined by FRS 102.

b) Preparation of the accounts on a going concern basis

The financial statements are prepared on a going concern. The Charity is entirely dependent on continuing grant and donation support and as a consequence the going concern basis is also dependent on that continuing financial support.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of specified services is deferred until the criteria for income recognition are met.

d) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised and refer to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

11 | P a g e

THE STOREHOUSE PROJECT Notes to the Accounts for the year ended 31 March 2021

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

f) Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity.

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

o Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charitable activities. These costs have been allocated between costs of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note1.

i) Tangible fixed assets

Individual fixed assets costing £100 or more are capitalised as cost and are depreciated over their estimated useful economic lives on a straight-line basis as follows:

Asset Category Annual rate Plant, equipment, and motor vehicles 20%

j) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k) Cash at bank and in hand

Cash at bank and cash 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.

12 | P a g e

THE STOREHOUSE PROJECT Notes to the Accounts for the year ended 31 March 2021

l) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimating reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

m) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value.

2 Income from donations and legacies


Donations

Gifts and donations
 2021
2020
£
£
46,964 50,895

The Trust benefits from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.

3 Income from charitable activities




Fund raising

4
Analysis of expenditure on charitable activities


Gifts and grants

Travel

Wages and salaries

General office expenses

Total expenditure on charitable activities
 Unrestricted
Funds
2021
2020
£
£
-__ 18,450
2021
2020
£
£

11,980
4,898
4,282
3,025
62,627
36,012
10,402 8,403
92,083 55,268

13 | P a g e

THE STOREHOUSE PROJECT Notes to the Accounts for the year ended 31 March 2021

5 Analysis of governance and support costs

The charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Having identified its governance cost, the remaining support costs together with the governance costs are allocated to charitable activities undertaken (see note 6) in the year. Refer to the table below for the basis for apportionment and the analysis of support and governance costs

Analysis of Analysis of support and governance costs support and governance costs
General support Governance Total Basis of
Function apportionment
£ £ £
Pro rata to staff
full-time
General office
 10,402
-
 10,402 equivalents
Independent Examiner
-		 822 822 Governance
Total
 10,402
822
 11,224

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

Salaries and wages
 2021
£
62,627		 2020
£
36,012

No employees had employee benefits in excess of £60,000 (2018: nil).

The charity trustees were not paid or received any other benefits from employment with charity as trustees in the year (2020: £nil) neither were they reimbursed expenses during the year (2020: £nil). No charity trustees received payment for professional or other services supplied to the charity (2020: £nil).

The key management personnel of the charity comprise the trustees, the Centre Managers, the Business and Logistics Operator, the Drivers and the Treasurer. The total employee benefits of the key management personnel of the charity were £62,627 (2020: £36,012).

There were no transactions with connected or related parties to be declared or reported on in these accounts.

14 | P a g e

THE STOREHOUSE PROJECT Notes to the Accounts for the year ended 31 March 2021

7 Staff Numbers

The average monthly head count was 2 staff (2020: 2 staff) and the average monthly number of full-time equivalent employees (including casual and part-time staff) during the year were as follows:



Charitable activities
 2021
2020
Number Number
2 1__

8

Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

9
Debtors

Recoverable taxation

10
Creditors: amounts falling due within one year

Trade creditors and accruals
 2021

£

5,260
2021

£
1,242		 2020
£
2,000
2020
£
1,200

11 Contingent assets – legacy income

As at 31 March 2021 the charity had not been notified of any legacy income or prospective legacy income.

12 Analysis of charitable funds

Analysis of movements in unrestricted funds

The charity has only one unrestricted general fund. The movements in that fund are shown in the Statement of Financial Activities.

All of the net assets apply to the one unrestricted general fund.

15 | P a g e