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2020-12-31-accounts

Warehouse Christian Trust Report and Financial Statements Year ended: 31 December 2020

Charity no: 277631

Warehouse Christian Trust

Contents Page
Legal and Administrative Information 1
Report of the Trustees 2
Report of the Independent Examiner 3
Statement of Financial Activities 4
Balance Sheet 5
Notes Forming Part of the Financial Statements 6 - 9

Warehouse Christian Trust

Reference and Administration Information

Chairman: Dr C Jagger Trustees: A Blagden R Brown S Crowther G Gammell V Gillman S Godwin N Harris D Hart V Hicks J Hindley S Marshall (resigned 15 July 2020) A Oakden D Oakden D Pollard (appointed 7 October 2020) K Powell (resigned 15 July 2020) P Powell (resigned 15 July 2020) Address: 42 High Street Godalming GU7 1DY Registered Charity number: 277631 Independent examiner: A J Bennewith FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA 3 Wey Court Mary Road Guildford Surrey GU1 4QU

1

Warehouse Christian Trust

Report of the Trustees for the Year ended 31 December 2020

The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

Reference and Administration

Legal and reference information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the charity's governing document, and the Charities SORP (FRS 102), Accounting and Reporting by Charities.

Reserves policy and risk management

The Warehouse Christian Trust’s operations are divided into two separate parts: The Cellar and Skillway. During the year the Trustees continued to try and maximise income for the Cellar from as many different sources as possible including through our well-established network of faithful supporters and grant making bodies despite economic uncertainties.

Skillway continues with its pioneering work regarding the support and training of disadvantaged young people. This part of the Trust aims to carry reserves equivalent to approximately two terms running costs, which is felt essential to ensure the continuity of the service for the young people who attend.

Objectives and Activities

The short and long terms objectives are for The Cellar to remain a focal point of serving presence and love, with an openness to receive all those who are lonely or distressed, and Skillway is an out-of-school training provider, where in a caring environment young people are encouraged individually to engage in and learn practical trade and life skills which promote their mental health and employability prospects. The Charity is aware of its dependency on the goodwill and support of a large number of volunteers and thanks all those who have helped during the year.

Both The Cellar and Skillway are grateful to the local Churches for their support and to the many altruistic individual benefactors, several of whom make regular monthly contributions, gift-aided. This predictable income is most welcomed and very gratefully received. The Cellar would also like to gratefully acknowledge the tremendous support in the form of grants/donations from : The Hall Hunter Partnership Tuesley Farm, Community Foundation for Surrey, Waitrose, The Hamamelis Trust, Godalming Town Council, Loseley Christian Trust, Godalming Round Table, some individual donors, and the Erica Leonard Trust.

At the end of this accounting year The Cellar were without our traditional cafe rooms and we acknowledge the tremendous support of Waverley Borough Council during this period, leading on to our change of premises to occupy the excellent Borough Hall site.

Skillway would also like to express its sincere thanks to a few generous individual donors, and to those who contribute online through Stewardship, by Standing Order, or by purchasing goods on line through the easyfundraising app.

Skillway counts itself to be blessed to have received donations through the good auspices of the Community Foundation for Surrey specifically for core costs and which defrayed some of the salary costs. Other generous donations have been received from two family Trusts, and also from two generous individuals. We express our sincere thanks to these donors and to those who were instrumental in the decision making process.

The David Williamson Trust, and the Geoff Herrington Foundation have each made significant donations to support specific students so that they may benefit from at least one year’s attendance at Skillway, and have been very pragmatic about the erratic nature of attendance during the year due to lockdowns. We are immensely grateful to those donors and offer our sincere thanks on behalf of the students who have benefitted.

We have also been supported by The Rotary Club of Guildford, Milford Horticultural Society, Charles Russell Speechlys, the High Sheriff for Surrey, the Freemasons, Surrey County Council, Tesco Blue and Waitrose Green tokens, The Godalming Lions Club and Church Street Podiatry.

We thank individual Trustees, our superb staff and our many dedicated Volunteer Tutors who so effectively support Skillway’s aims and objectives.

The significant donation received at the end of 2019 from a dissolved Farncombe Charity has been set aside for future developments being discussed by the Skillway management team for specific projects, but which require predictable security in operation as the pandemic fades.

Achievements and Performance

The Charity fulfilled its obligations during the year and continued to provide a high standard of professional service to the local community and beyond, despite the constraints imposed on both elements by the Covid-19 pandemic. Where possible we remained open and are very grateful for the back-stop support of the furlough scheme, and the loyalty of our staff who volunteered their time in other ways while unable to work.

Financial Review

For The Cellar, efforts continue to be made to look for new income streams to ensure as far as possible the costs of running the Cafe etc can be covered. Our new Trustees have proved to be a valuable addition and have generated fresh ideas for fundraising; the situation continues to be reviewed at Finance and Trustee Meetings.

Skillway is aware that its financial situation continues to fluctuate, and is grateful that it manages to remain supportive of disadvantaged local young people. The management team continues to keep educational trends under constant review and examines strategies that may enable Skillway to offer help to those in need of its services.

Plans for Future Periods

The Charity intends to continue to carry out the objectives for the foreseeable future. There are sufficient reserves to allow this to be done and the Trustees do not see any reason why the Charity would not be able to fulfil its role.

On behalf of the trustees:

C Jagger

Date: 20 October 2021

2

Warehouse Christian Trust

Report of the Independent Examiner

Independent examiner's report to the trustees of Warehouse Christian Trust

I report to the charity trustees on my examination of the accounts of the Warehouse Christian Trust for the year ended 31 December 2020.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

A J Bennewith FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA 3 Wey Court Mary Road Guildford Surrey GU1 4QU

Date: 22 October 2021

3

Warehouse Christian Trust

Statement of Financial Activities

for the Year Ended 31 December 2020

Voluntary income:
Grants and donations
Fundraising
Social outreach income
Tax refunded
Activities for generating funds:
Cellar takings
Skillway school subsidy
Investment activity:
Interest received
Total incoming resources
Resources expended:
Charitable activity:
Cellar expenditure
Skillway expenditure
Total resources expended
Net incoming/(outgoing) resources
Total funds brought forward
Total funds carried forward
Notes
2
3
Unrestricted
Funds
£
82,817
79
280
2,279
7,183
26,804
36
119,478
49,482
60,998
110,480
8,998
113,740
122,738
£
Restricted
Funds
£
16,348
-
-
-
-
-
-
16,348
-
17,841
17,841
(1,493)
7,466
5,973
£
Total
Funds
2020
£
99,165
79
280
2,279
7,183
26,804
36
135,826
49,482
78,839
128,321
7,505
121,206
128,711
£
Total
Funds
2019
£
171,391
4,808
2,815
7,252
24,600
38,060
10
248,936
83,091
106,302
189,393
59,543
61,663
121,206
£

4

Warehouse Christian Trust

Fixed assets
Current assets:
Stock
Debtors and prepayments
Cash at bank and in hand
Net current assets
Net assets
Funds
Unrestricted funds
Restricted funds
Trustees' deposits
Total funds
Creditors:
amounts
falling
due within one year
Total
assets
less
current
liabilities
Balance Sheet as at 31 December 2020
Unrestricted
Restricted
Funds
Funds
Notes
£
£
5
4,663
5,973
150
-
9
4,027
-
114,897
-
119,074
-
10
(987)
-
118,087
-
122,750
5,973
122,750
£
5,973
£
8
Balance Sheet as at 31 December 2020
Unrestricted
Restricted
Funds
Funds
Notes
£
£
5
4,663
5,973
150
-
9
4,027
-
114,897
-
119,074
-
10
(987)
-
118,087
-
122,750
5,973
122,750
£
5,973
£
8
Balance Sheet as at 31 December 2020
Unrestricted
Restricted
Funds
Funds
Notes
£
£
5
4,663
5,973
150
-
9
4,027
-
114,897
-
119,074
-
10
(987)
-
118,087
-
122,750
5,973
122,750
£
5,973
£
8
Total
Funds
2020
£
10,636
150
4,027
114,897
119,074
(987)
118,087
128,723
128,723
£
122,738
5,973
128,711
12
128,723
£
Total
Funds
2019
£
13,310
250
5,074
105,469
Notes
5
9
10
8
Unrestricted
Funds
£
4,663
150
4,027
114,897
119,074
(987)
118,087
122,750
122,750
£
110,793
(2,885)
107,908
121,218
121,218
£
113,740
7,466
121,206
12
121,218
£

On behalf of the trustees:

C Jagger

Date: 20 October 2021

5

Warehouse Christian Trust

Notes Forming Part of the Financial Statements for the Year Ended 31 December 2020

1 Principal accounting policies

a. Accounting convention

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing the accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

b. Incoming resources

Voluntary income is received in cash by way of donations and is included in full in the statement of financial activities as soon as it is received. Tax reclaimable in respect of gifts and donations is included in the same period as the underlying donations to which it relates.

c. Resources expended

Items of expenditure are included in the Statement of Financial Activities on an accruals basis.

d. Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: equipment: 25% on reducing balance, workshop: 20% on reducing balance.

e. Taxation

The charity is exempt from tax on its charitable activities.

f. Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

6

Warehouse Christian Trust

2
3
The Cellar
Incoming resources
Sales
Donations received
Fundraising
Social outreach income
Tax refunds
Interest received
Resources expended
Cost of sales
Opening stock
Purchases
Closing stock
Light and heat
Licence fees
Rent, rates and insurance
Shop items and equipment
Telephone, post & stationery
Wages
Social outreach expenditure
Property maintenance
Equipment depreciation
Fund raising
Sundry expenses
Share of Independent Examiner's fee
Total Cellar expenses
Net surplus/(deficit)
Skillway
Incoming resources
Grants and donations
Fundraising
School subsidy
Tax refunds
Interest received
Total incoming resources
Resources expended
Advertising and publicity
Bank charges
Heat and light
Insurance
Training/inspections
Office expenses
Rent and rates
Repairs and renewals
Sundry (Covid supplies)
Telephone
Travel
Wages
Workshop depreciation
Mezzanine depreciation
Go Karts depreciation
Fund raising
Workshop materials and tools
Share of Independent Examiner's fee
Total Skillway expenses
Net surplus/(deficit)
Unrestricted
Funds
£
7,183
46,757
-
280
-
-
54,220
250
5237
(150)
5,337
1,032
80
6,695
32
1,179
29,350
1,069
1,520
60
-
2,908
220
49,482
£4,738
Unrestricted
Funds
£
36,060
79
26,804
2,279
36
65,258
-
107
2,400
1,695
420
2,402
4,330
-
3,192
316
408
40,109
341
708
72
-
4,278
220
60,998
£4,260
Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
£
Restricted
Funds
£
16,348
-
-
-
-
16,348
-
-
-
-
-
-
-
-
-
-
-
16,348
-
1,493
-
-
-
-
17,841
£(1,493)
Total
Funds
2020
£
7,183
46,757
-
280
-
-
54,220
250
5,237
(150)
5,337
1,032
80
6,695
32
1,179
29,350
1,069
1,520
60
-
2,908
220
49,482
£4,738
Total
Funds
2020
£
52,408
79
26,804
2,279
36
81,606
-
107
2,400
1,695
420
2,402
4,330
-
3,192
316
408
56,457
341
2,201
72
-
4,278
220
78,839
£2,767
Total
Funds
2019
£
24,600
50,502
2,276
2,815
2,752
-
82,945
276
14,081
(250)
14,107
1,645
467
15,576
1,950
987
34,738
2,657
10,409
80
20
275
180
83,091
£(146)
Total
Funds
2019
£
120,889
2,532
38,060
4,500
10
165,991
602
122
1,512
1,724
149
2,182
5,985
750
-
248
1,946
78,750
426
2,751
90
45
8,840
180
106,302
£59,689

7

Warehouse Christian Trust

4
5
Comparatives for the Statement of Financial Activities
Unrestricted
Funds
£
Income and endowments from
Voluntary income
186,266
Activities for generating funds
62,660
Investment activity
10
Total
248,936
Expenditure on
Direct charitable activity
187,526
Total
187,526
Net income / (expenditure)
61,410
Reconciliation of funds
Total funds brought forward
52,330
Total funds carried forward
£113,740
Fixed assets
Equipment
Workshop
£
£
Cost
At 1 January 2020
20,995
30,701
Additions
-
-
At 31 December 2020
20,995
30,701
Depreciation
At 1 January 2020
20,757
28,997
Charge for year
60
341
At 31 December 2020
20,817
29,338
Net book values
At 31 December 2020
178
£
1,363
£
At 31 December 2019
238
£
1,704
£
Cellar
Skillway
£
£
-
-
-
-
-
-
-
-
-
1,867
-
1,867
-
(1,867)
-
9,333
-
£
£7,466
Mezzanine
Go Karts
£
£
25,872
1,100
-
-
25,872
1,100
14,865
739
2,201
72
17,066
811
8,806
£
289
£
11,007
£
361
£
Restricted Funds:
Total
2019
£
186,266
62,660
10

Income and endowments from
Voluntary income
Activities for generating funds
Investment activity
Total
Expenditure on
Direct charitable activity
Total
Net income / (expenditure)
Reconciliation of funds
Total funds brought forward
Total funds carried forward
Fixed assets
Equipment
£
Cost
At 1 January 2020
20,995
Additions
-
At 31 December 2020
20,995
Depreciation
At 1 January 2020
20,757
Charge for year
60
At 31 December 2020
20,817
Net book values
At 31 December 2020
178
£
At 31 December 2019
238
£
248,936
189,393
189,393
59,543
61,663
£121,206
Total
£
78,668
-
78,668
65,358
2,674
68,032
10,636
£
13,310
£

6 Trustees' remuneration and benefits

There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.

8

Warehouse Christian Trust

7 Staff costs

The average monthly number of employees during the year was as follows:

2020 2019
£ £
Administration 7 7

No employees received emoluments in excess of £60,000.

8
9
10
11
Funds
Unrestricted
Total
Funds
Cellar
Skillway
£
£
£
£
At 1 January 2020
113,740
-
7,466
121,206
Incoming resources
119,478
-
16,348
135,826
Resources expended
(110,480)
-
(17,841)
(128,321)
At 31 December 2020
£122,738
-
£
£5,973
£128,711
Debtors and prepayments
2020
2019
£
£
Debtors
2,279
-
Prepayments
1,748
5,074
4,027
£
5,074
£
Creditors and accruals
2020
2019
£
£
Accruals
987
£
2,885
£
Related party disclosures
Restricted Funds:
Restricted funds held by Skillway relate to donations received in respect of the new Mezzanine floor installed
at The Old Chapel, and to donations received towards Core Costs, and specifically aimed at salaries.
Total
£
121,206
135,826
(128,321)
£128,711
5,074
£
2019
£
2,885
£

The charity is controlled by the trustees.

During the year £400 (2019: £600) was paid to one of the trustees, Ray Brown, for services unrelated to his role as a trustee.

9

The Cellar

Statement of Financial Activities & Balance Sheet

Year ended: 31 December 2020

The Cellar

Contents

Contents Page
Report of the Independent Examiner 1
Statement of Financial Activities 2
Balance Sheet 3

The Cellar

Report of the Independent Examiner

Independent examiner's report to the trustees of Warehouse Christian Trust

The figures in these accounts for The Cellar are taken from the accounts for the Warehouse Christian Trust (registered charity number 277631). I have reported on the accounts for the Warehouse Christian Trust for the year ended 31 December 2020, and am therefore able to report on the figures set out on pages 2 and 3 of these accounts.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

A J Bennewith FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA

3 Wey Court Mary Road Guildford Surrey GU1 4QU

Date: 22 October 2021

1

The Cellar

Statement of Financial Activities for the Year Ended 31 December 2020

Incoming resources
Voluntary income
Donations received
Fundraising
Social outreach income
Tax refunded
Activities for generating funds
Cellar income
Investment activity
Interest received
Total incoming resources
Resources expended
Charitable activity
Sundry expenses
Social Outreach expenditure
Cellar expenditure
Property maintenance
Independent Examiner's Fee
Total resources expended
Net incoming/(outgoing) resources
Total funds brought forward
Total funds carried forward
Unrestricted
Funds
£
46,757
-
280
-
7,183
-
54,220
2,908
1,069
43,765
1,520
220
49,482
4,738
9,315
14,053
£
Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
£
Total
Funds
2020
£
46,757
-
280
-
7,183
-
54,220
2,908
1,069
43,765
1,520
220
49,482
4,738
9,315
14,053
£
Total
Funds
2019
£
50,502
2,276
2,815
2,752
24,600
-
82,945
275
2,657
69,570
10,409
180
83,091
(146)
9,461
9,315
£

2

The Cellar

Balance Sheet as at 31 December 2020
2020
£
Fixed assets
179
Current assets:
Stock
150
Debtors and prepayments
383
Cash at bank and in hand
14,163
14,696
810
13,886
14,065
£
Represented by:
Unrestricted general fund
14,053
Restricted funds
-
Trustees' deposits
12
14,065
£
On behalf of the trustees:
Creditors: amounts falling due within
one year
250
3,771
5,248
2019
£
238
9,089
9,269
180
9,327
£
9,315
-
12
9,327
£

C Jagger Date: 20 October 2021

3

Skillway

Statement of Financial Activities & Balance Sheet

Year ended: 31 December 2020

Skillway

Contents

Contents Page
Report of the Independent Examiner 1
Statement of Financial Activities 2
Balance Sheet 3

Skillway

Report of the Independent Examiner

Independent examiner's report to the trustees of Warehouse Christian Trust

The figures in these accounts for Skillway are taken from the accounts for the Warehouse Christian Trust (registered charity number 277631). I have reported on the accounts for the Warehouse Christian Trust for the year ended 31 December 2020, and am therefore able to report on the figures set out on pages 2 and 3 of these accounts.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

A J Bennewith FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA 3 Wey Court Mary Road Guildford Surrey GU1 4QU

Date: 22 October 2021

1

Skillway

Statement of Financial Activities

for the Year Ended 31 December 2020

Incoming resources
Donations received
Fundraising
Tax refunds
School subsidy
Interest received
Total incoming resources
Resources expended
Advertising and publicity
Fund raising
Insurance
Training/inspections
Office expenses
Heat and light
Rent and rates
Repairs and renewals
Sundry expenses (Covid supplies)
Telephone
Travel
Wages
Workshop materials and tools
Share of Independent Examiner's fee
Depreciation charge
Bank charges
Net incoming/(outgoing) resources
Total funds brought forward
Total funds carried forward
Unrestricted
Funds
£
36,060
79
2,279
26,804
36
65,258
1,695
420
2,402
2,400
4,330
3,192
316
408
40,109
4,278
220
1,121
107
60,998
4,260
104,425
108,685
£
Restricted
Funds
£
16,348
-
-
-
-
16,348
-
-
-
-
-
-
-
-
-
-
16,348
-
-
1,493
-
17,841
(1,493)
7,466
5,973
£
Total
Funds
2020
£
52,408
79
2,279
26,804
36
81,606
-
-
1,695
420
2,402
2,400
4,330
-
3,192
316
408
56,457
4,278
220
2,614
107
78,839
2,767
111,891
114,658
£
Total
Funds
2019
£
120,889
2,532
4,500
38,060
10
165,991
602
45
1,724
149
2,182
1,512
5,985
750
-
248
1,946
78,750
8,840
180
3,267
122
106,302
59,689
52,202
111,891
£

2

Skillway

Balance Sheet as at 31 December 2020
2020
£
Fixed assets
Unrestricted funds
4,484
Restricted funds
5,973
10,457
Current assets:
Debtors and prepayments
3,644
Cash at bank and in hand
100,734
104,378
177
104,201
114,658
£
Represented by:
Unrestricted general fund
108,685
Restricted funds
5,973
114,658
£
Creditors: amounts falling due within one
year
1,303
100,221
2019
£
5,606
7,466
13,072
98,819
101,524
2,705
111,891
£
104,425
7,466
111,891
£

On behalf of the trustees:

C Jagger

Date: 20 October 2021

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