OpenCharities

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

2021-12-31-accounts

Warehouse Christian Trust

Report and Financial Statements Year ended: 31 December 2021

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 A Oakden D Oakden D Pollard 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

Page 1

Warehouse Christian Trust

Report of the Trustees for the Year ended 31 December 2021

The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. 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.

- All trustees are appointed when necessary and are given sufficient training on appointment.

Reserves policy and risk management

The Warehouse Christian Trust’s operations are divided into two separate parts: The Cellar and Skillway.

With regard to The Cellar, during the year, the Trustees continued to try and maximise income 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 Rotary Club of Godalming, R & H Grey Foundation, Community Foundation for Surrey, springboard Foundation, A J Bennewith & Co Guildford, some individual donors, and Busbridge Church PCC, Churches Together in Godalming and St John’s church in Farncombe and other generous benefactors.

The Cellar having moved last year to the Borough Hall site, have been able to reach more customers, and as a result have improved trade, whilst also being able to reach out to more clientele in need of the support that the Cellar staff are able to bring to those who are in need in the Godalming area.

Skillway is humbled by and grateful for the generosity of regular individual donors, and to those who contribute online through Stewardship, by Standing Order, or by purchasing goods online through the easyfundraising app.

This year Skillway has been blessed to have received a restricted fund donation through the Community Foundation for Surrey specifically for some of the salary costs, and for workshop materials. We were also immensely privileged to be recommended for a Restricted Fund grant from the Clothworkers Foundation. This is for a woodland project, lasting 3 academic years, supporting suitable craft skills in an environment particularly well suited to addressing the mental health and pastoral care of the students.

We have also been generously supported with funds from two family Trusts. 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 supportive and understanding of the effects the pandemic has had on those students. We offer our sincere thanks on behalf of the students who have benefitted.

Skillway has also been supported by The Thakeham Partnership, Godalming Town Mayor’s Charity, The Joint Burial Committee of Godalming Town Council, the High Sheriff for Surrey, and the Police Commissioner for Surrey.

We thank individual Trustees, our superb staff and our dedicated Volunteer Tutors who so effectively support Skillway’s aims and objectives. The funds received at the end of 2019 from a dissolved Charity have not been specifically allocated to projects, but are the ongoing subject of strategic discussions and blue sky thinking.

Achievements and Performance

The Charity fulfilled its obligations during the year and was able to bring its blend of Christian love and support to many people in need, whilst improving its trading position due to the new location and better facilities afforded to the cellar in its new site.

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 will enable Skillway to continue 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:

Page 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 2021.

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:

Page 3

Warehouse Christian Trust

Statement of Financial Activities

for the Year Ended 31 December 2021

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
£
72,783
5,153
-
5,882
24,606
23,394
10
131,828
61,348
81,991
143,339
(11,511)
122,738
111,227
£
Restricted
Funds
£
52,000
-
-
-
-
-
-
52,000
-
16,452
16,452
35,548
5,973
41,521
£
Total
Funds
2021
£
124,783
5,153
-
5,882
24,606
23,394
10
183,828
61,348
98,443
159,791
24,037
128,711
152,748
£
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
£

Page 4

Warehouse Christian Trust

Balance Sheet as at 31 December 2021

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
Notes
5
9
10
8
Unrestricted
Funds
£
3,490
150
2,747
105,212
108,109
(360)
107,749
111,239
111,239
£
Restricted
Funds
£
12,804
-
929
27,788
28,717
-
28,717
41,521
41,521
£
Total
Funds
2021
£
16,294
150
3,676
133,000
136,826
(360)
136,466
152,760
152,760
£
111,227
41,521
152,748
12
152,760
£
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
£

On behalf of the trustees:

C Jagger

Date:

Page 5

Warehouse Christian Trust

Notes Forming Part of the Financial Statements for the Year Ended 31 December 2021

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, van: 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.

Page 6

Warehouse Christian Trust

2
3
The Cellar
Incoming resources
Sales
Donations received
Fundraising
Social outreach income
Tax refunds
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
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
Van depreciation
Fund raising
Workshop materials and tools
Share of Independent Examiner's fee
Total Skillway expenses
Net surplus/(deficit)
Unrestricted
Funds
£
24,606
29,257
4,523
-
3,234
61,620
150
6,913
(150)
6,913
221
-
3,753
2,277
569
42,772
1,418
932
45
2,268
180
61,348
£272
Unrestricted
Funds
£
43,527
630
23,394
2,648
10
70,209
17
104
882
1,769
1,434
3,436
1,004
-
2,457
354
78
65,478
273
566
29
-
28
3,902
180
81,991
£(11,782)
Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
£
Restricted
Funds
£
52,000
-
-
-
-
52,000
-
-
-
1,288
75
-
-
334
-
-
86
12,830
-
1,195
-
497
-
147
-
16,452
£35,548
Total
Funds
2021
£
24,606
29,257
4,523
-
3,234
61,620
150
6,913
(150)
6,913
221
-
3,753
2,277
569
42,772
1,418
932
45
2,268
180
61,348
£272
Total
Funds
2021
£
95,527
630
23,394
2,648
10
122,209
17
104
882
3,057
1,509
3,436
1,004
334
2,457
354
164
78,308
273
1,761
29
497
28
4,049
180
98,443
£23,766
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

Page 7

Warehouse Christian Trust

4 Comparatives for the Statement of Financial Activities

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
Unrestricted
Funds
£
85,455
33,987
36
119,478
110,480
110,480
8,998
113,740
£122,738
Restricted Funds:
Cellar
Skillway
£
£
-
16,348
-
-
-
-
-
16,348
-
17,841
-
17,841
-
(1,493)
-
7,466
-
£
£5,973
Total
2020
£
101,803
33,987
36
135,826
128,321
128,321
7,505
121,206
£128,711
5 Fixed assets
Cost
At 1 January 2021
Additions
Disposals
At 31 December 2021
Depreciation
At 1 January 2021
Charge for year
Disposals
At 31 December 2021
Net book values
At 31 December 2021
At 31 December 2020
Equipment
£
20,995
-
-
20,995
20,816
45
-
Workshop
£
30,701
-
-
30,701
29,338
273
-
Mezzanine
£
25,872
-
-
25,872
17,067
1,761
-
Go Karts
£
1,100
-
(1,100)
-
812
29
(840)
-
-
£
288
£
Van
£
-
8,522
-
8,522
-
497
-
497
8,025
£
-
£
Total
£
78,669
8,522
(1,100)
86,091
68,033
2,604
(840)
20,861 29,611 18,828 69,797
134
£
179
£
1,091
£
1,363
£
7,044
£
8,805
£
16,294
£
10,636
£

6 Trustees' remuneration and benefits

There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.

Page 8

Warehouse Christian Trust

7 Staff costs

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

2021 2020
£ £
Administration 7 7

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

8 Funds

At 1 January 2021
Incoming resources
Resources expended
At 31 December 2021
Unrestricted
Funds
£
122,750
131,828
(143,339)
£111,239
Cellar
Skillway
£
£
-
5,973
-
52,000
-
(16,452)
-
£
£41,521
Restricted Funds:
Total
£
128,723
183,828
(159,791)
£152,760

Restricted funds held by Skillway relate to donations received in respect of the new Mezzanine floor installed at The Old Chapel, to donations received towards Core Costs, and specifically aimed at salaries, and to donations received from The Community Foundation for Surrey and The Clothworkers Foundation.

The donation from the Community Foundation for Surrey was for salaries which was all spent within the year, and for materials, £1,778 of which remains to be utilised before the end of July 2022. The donation from the Clothworkers Foundation of £42,000 is for a three-year project spanning September 2021 to August 2024. £15,990 has been spent in the current accounting year, £4,830 of which was spent on salaries.

9 Debtors and prepayments

10
11
Debtors
Prepayments
Creditors and accruals
Accruals
Related party disclosures
2021
£
-
3,676
3,676
£
2021
£
360
£
2020
£
2,279
1,748
4,027
£
2020
£
987
£

The charity is controlled by the trustees.

During the year NIL (2020: £400) was paid to one of the trustees, Ray Brown, for services unrelated to his role as a trustee.

Page 9

The Cellar

Statement of Financial Activities & Balance Sheet

Year ended: 31 December 2021

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 2021, 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:

Page 1

The Cellar

Statement of Financial Activities for the Year Ended 31 December 2021

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
£
29,257
4,523
-
3,234
24,606
-
61,620
2,268
1,418
56,550
932
180
61,348
272
14,053
14,325
£
Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
£
Total
Funds
2021
£
29,257
4,523
-
3,234
24,606
-
61,620
2,268
1,418
56,550
932
180
61,348
272
14,053
14,325
£
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
£

Page 2

The Cellar

Balance Sheet as at 31 December 2021

Fixed assets
Current assets:
Stock
Debtors and prepayments
Cash at bank and in hand
Represented by:
Unrestricted general fund
Restricted funds
Trustees' deposits
Creditors: amounts falling due within one
year
150
1,297
12,936
2021
£
134
14,203
14,337
£
14,325
-
12
14,337
£
150
383
14,163
2020
£
179
13,886
14,383
180
14,696
810
14,065
£
14,053
-
12
14,065
£

On behalf of the trustees:

C Jagger

Date:

Page 3

Skillway

Statement of Financial Activities & Balance Sheet

Year ended: 31 December 2021

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 2021, 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:

Page 1

Skillway

Statement of Financial Activities

for the Year Ended 31 December 2021

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
£
43,527
630
2,648
23,394
10
70,209
17
28
1,769
1,434
3,436
882
1,004
-
2,457
354
78
65,478
3,902
180
868
104
81,991
(11,782)
108,685
96,903
£
Restricted
Funds
£
52,000
-
-
-
-
52,000
-
-
1,288
75
-
-
-
334
-
-
86
12,830
147
-
1,692
-
16,452
35,548
5,973
41,521
£
Total
Funds
2021
£
95,527
630
2,648
23,394
10
122,209
17
28
3,057
1,509
3,436
882
1,004
334
2,457
354
164
78,308
4,049
180
2,560
104
98,443
23,766
114,658
138,424
£
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
£

Page 2

Skillway

Balance Sheet as at 31 December 2021

Fixed assets
Unrestricted funds
Restricted funds
Current assets:
Debtors and prepayments
Cash at bank and in hand
Represented by:
Unrestricted general fund
Restricted funds
On behalf of the trustees:
Creditors: amounts falling due within one year
2,380
120,064
2021
£
3,356
12,804
16,160
122,264
138,424
£
96,903
41,521
138,424
£
3,644
100,734
2020
£
4,484
5,973
10,457
104,201
122,444
180
104,378
177
114,658
£
108,685
5,973
114,658
£

C Jagger

Date:

Page 3