2023-12-31-accounts - The Warehouse Christian Trust

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Warehouse Christian Trust

Report and Financial Statements Year ended: 31 December 2023

Charity no: 277631

Warehouse Christian Trust

Contents	Page
Legal and Administrative Information	1
Report of the Trustees	2 - 3
Report of the Independent Examiner	4
Statement of Financial Activities	5
Balance Sheet	6
Notes Forming Part of the Financial Statements	7 - 10

Warehouse Christian Trust

Reference and Administration Information

Chairman: S Crowther

Trustees: A Blagden R Brown V Gillman S Godwin N Harris J Hindley Dr C Jagger T L Ko S Crowther A Oakden D Oakden D Pollard I Tomes- (Appointed January 2023) M Williams- (Appointed April 2023) Address: 42 Busbridge Lane Godalming Surrey GU7 1QD Registered Charity number: 277631 Independent examiner: A J Bennewith FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA Upper Ground Floor 18 Farnham Road Guildford Surrey GU1 4XA

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Warehouse Christian Trust

Report of the Trustees for the Year ended 31 December 2023

The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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.

The charity is controlled by the trustees.
The trustees consider that there are sufficient reserves. Any possible risks have been considered and taken into account in future budgets.
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.

We also gratefully thank the Trustees who give their time and expertise, and extend very special thanks to Dr C Jagger who retires as Chairman, but who will continue as a Trustee.

The Cellar would also like to gratefully acknowledge the tremendous support in the form of grants and donations from: The Community Foundation for Surrey - Waverley Borough Council (Thriving Communities Commissioning Fund) - Sales Force – The Thomas Trust and A.J. Bennewith & Co. The Cellar is also very grateful for individuals who anonymously support our work thru’ our giving platform – People’s Fundraising – and from named individuals who regularly donate - and finally, through collections from our local Churches, some of whom identify us for Christmas appeals – without all these groups and individual’s support, we would not be able to be there for those who need us most.

In last year’s report, we advised that we had re-located to a new venue at the Borough Hall site. The venue is far larger than our previous home and has enabled us to expand the work of the Cellar as well as being able to serve and sit many more customers – sales have increased quite considerably, and we are attracting new clients as well those ‘regulars’ who have taken time to rejoin us following the pandemic.

It should be noted that the Cellar is open to everyone, with the principal objective of providing a caring and friendly meeting place for disadvantaged and vulnerable people in the community. Absolutely everyone is welcome without discrimination or judgment irrespective of age, gender, or ethnicity. The Café aims to provide a safe place for social inclusion and friendship. We collaborate with both Borough and Town councils in serving those who are most vulnerable in the community.

The Café caters particularly for those with mental health issues, learning difficulties or who are disadvantaged, isolated, lonely, depressed or emotionally stressed - our staff are specifically trained in listening skills and make time to talk to customers.

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Warehouse Christian Trust

Report of the Trustees for the Year ended 31 December 2023

To provide even greater support to those with mental health issues, the Café has now formed a relationship with 'Being Alongside' (an organisation focused on mental health).

The Café has a mini food bank & works closely with the Community Food Bank and continues to witness increased demand post-pandemic reinforcing the important need for the unique service which The Cellar provides.

Skillway gratefully acknowledges the generosity of regular individual donors, those who contribute online through Stewardship, GoFundMe, by Standing Order, or by purchasing goods on-line through the easyfundraising app, or by making a donation at events.

The Community Foundation for Surrey made a restricted fund donation, specifically towards salary costs, which was enormously helpful. A Restricted Fund grant from the Clothworkers Foundation, received last year for a three year woodland project, has been very successful in addressing the mental health of the students as well as valuable training in a wide variety of “outdoor” skills.

The David Williamson Trust, and the Geoff Herrington Foundation have again made significant donations to support specific students so that they may benefit from at least one year’s attendance at Skillway. This continuing support from year to year is immensely appreciated, and we thank them sincerely on behalf of the students who have benefitted. We have again been generously supported with funds from two family Trusts.

Skillway notes and gratefully acknowledges the financial support of A J Bennewith &Co, The Rotary Club of Godalming, The Co-op Local Community Fund, Probus Godalming, the High Sheriff for Surrey who funded many necessary tools, local Freemasons, Godalming Round Table, The Bandstand Concerts, The Accountants Livery Company which funded a much needed suspended ceiling keeping a workshop warmer and brighter, and Surrey Provincial Charity Fund which provided a new storage shed.

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

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 will celebrate 25 years of existence next year and has had a series of Strategy meetings to address the current threats and opportunities facing them as well as most small Charities. Young people are more disadvantaged now than they were even 10 years ago, and we remain determined to support some of them.

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

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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 2023.

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:

1 accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2 the accounts do not accord with those records; or
3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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 Upper Ground Floor 18 Farnham Road Guildford Surrey GU1 4XA

Date:

Page 4

Warehouse Christian Trust

Statement of Financial Activities for the Year Ended 31 December 2023

Voluntary income: Grants and donations Fundraising Tax refunds 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 Transfers between funds Total funds carried forward	Notes 2 3	Unrestricted Funds £ 80,716 7,070 9,535 40,218 47,583 710 185,833 78,870 106,004 184,873 959 105,552 (1,451) 105,060 £	Restricted Funds £ 19,000 - - - - - 19,000 6,263 21,757 28,020 (9,020) 20,721 1,451 13,152 £	Total Funds 2023 £ 99,716 7,070 9,535 40,218 47,583 710 204,833 85,133 127,761 212,894 (8,061) 126,273 118,212 £	Total Funds 2022 £ 97,316 11,785 2,063 33,984 40,791 39
					185,980
					73,783 138,672
					212,455
					(26,475) 152,748
					126,273 £

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Warehouse Christian Trust

Balance Sheet as at 31 December 2023

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 On behalf of the trustees: Creditors: amounts falling due within one year Total assets less current liabilities	Notes 5 9 10 8	Unrestricted Funds £ 2,223 150 610 102,447 103,207 (360) 102,847 105,070 105,070 £	Restricted Funds £ 8,195 - 1,872 3,087 4,959 - 4,959 13,154 13,154 £	Total Funds 2023 £ 10,418 150 2,482 105,534 108,166 (360) 107,806 118,224 118,224 £ 105,058 13,154 118,212 12 118,224 £	Total Funds 2022 £ 13,029 - 6,050 107,416
					113,466 (360)
					113,106
					126,135
					126,135 £
					105,402 20,721
					126,123 12
					126,135 £

C Jagger

Date:

Page 6

Warehouse Christian Trust

Notes Forming Part of the Financial Statements for the Year Ended 31 December 2023

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.

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Warehouse Christian Trust

2 3	The Cellar Incoming resources Sales Donations received Fundraising Interest received Tax refunds Resources expended Cost of sales Opening stock Purchases Closing stock Rent, rates and insurance Shop items and equipment Telephone, post & stationery Wages Social outreach expenditure Charitable donations Ukranian project Food vouchers Community trips Property & general maintenance Equipment depreciation Seasonal volunteer expenses 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 Van depreciation Fundraising Workshop materials and tools Share of Independent Examiner's fee Total Skillway expenses Net surplus/(deficit)	Unrestricted Funds £ 40,218 26,046 4,272 172 7,134 77,843 150 15,372 (150) 15,372 4,709 2,389 825 49,302 - 1,335 - - - 273 25 2,390 2,070 180 78,870 £(1,027) Unrestricted Funds £ 54,670 2,798 47,583 2,401 538 107,990 - 112 1,111 1,223 423 3,510 5,897 - - 405 660 88,107 175 362 - 46 3,793 180 106,004 £1,986	Restricted Funds £ - 9,000 - - - 9,000 - - - - - - - - - - 2,774 500 2,989 - - - - - 6,263 2,737 £ Restricted Funds £ 10,000 - - - - 10,000 - - - 943 625 - - 402 100 - 387 17,197 - 765 1,284 - 54 - 21,757 £(11,757)	Total Funds 2023 £ 40,218 35,046 4,272 172 7,134 86,843 150 15,372 (150) 15,372 4,709 2,389 825 49,302 - 1,335 2,774 500 2,989 273 25 2,390 2,070 180 85,132 £1,711 Total Funds 2023 £ 64,670 2,798 47,583 2,401 538 117,990 - 112 1,111 2,166 1,048 3,510 5,897 402 100 405 1,046 105,304 175 1,127 1,284 46 3,847 180 127,761 £(9,771)	Total Funds 2022 £ 33,984 45,984 8,959 3 -
					88,930
					150 12,340 (150)
					12,340 5,184 562 705 39,002 45 3,720 1,042 1,200 2,985 4,136 34 1,897 751 180
					73,783


					Total Funds 2022 £ 51,332 2,826 40,791 2,063 36
					97,048
					27 103 3,804 1,742 1,119 3,468 6,004 5,140 180 314 226 102,389 218 1,409 1,605 - 10,744 180
					138,672

					£(41,624)

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Warehouse Christian Trust

4 2022 Comparatives for the Statement of Financial Activities

Equipment £ 20,995 - - 20,995 20,894 25 -	Unrestricted Funds £ 89,754 74,776 39 164,569 169,244 169,244 (4,676) 111,227 1,000 - £105,552 Workshop £ 30,701 - - 30,701 29,829 175	Total 2022 £ 111,165 74,776 39
		185,980 212,455
		212,455 (26,476) 152,748
		£126,273
		Total £ 86,091 - -
		86,091
		73,063 2,611 -
20,894	29,829	75,674
76 £ 101 £	698 £ 873 £	10,418 £
		13,029 £

6 Trustees' remuneration and benefits

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

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Warehouse Christian Trust

7 Staff costs

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

	2023		2022
	£		£
Administration		11		11

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

8 Funds

At 1 January 2023 Incoming resources Resources expended Transfers At 31 December 2023	Unrestricted Funds £ 105,414 185,983 (184,874) (1,451) £105,072	Cellar Skillway £ £ 3,021 17,700 9,000 10,000 (6,263) (21,757) 1,451 - £7,209 £5,943 Restricted	Total £ 126,135 204,983 (212,894) -
			£118,224

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. Further grants in this reporting period related to The Cellar were received from Waverley Brough Council (for community day trips out), The Community Foundation for Surrey (spent on replacement lighting for The Cellar) and a generous donation towards food voucher provision.

9 Debtors and prepayments

10 11	Debtors Prepayments Creditors and accruals Accruals Related party disclosures	2023 £ - 2,482 2,482 £ 2023 £ 360 £	2022 £ 2,863 3,188
			6,050 £
			2022 £ 360 £

The charity is controlled by the trustees.

During the year Nil (2022: Nil) was paid to the trustees.

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