## **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
Page 1
**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.
Page 2
**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**
Page 3
**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
£|
Page 5
**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.
Page 7
**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)|
Page 8
**Warehouse Christian Trust**
## **4 2022 Comparatives for the Statement of Financial Activities**
|**5**|**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**
**Transfers between funds**
**Total funds carried forward**
**Fixed assets**
**Cost**
At 1 January 2023
Additions
Disposals
At 31 December 2023
**Depreciation**
At 1 January 2023
Charge for year
Disposals
At 31 December 2023
**Net book values**
At 31 December 2023
At 31 December 2022||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|Restricted Funds:
Cellar
Skillway
£
£
11,000
10,411
-
-
-
-
11,000
10,411
8,979
34,232
8,979
34,232
2,021
(23,821)
-
41,521
1,000
3,021
£
£17,700
Mezzanine
Van
£
£
25,872
8,522
-
-
-
25,872
8,522
20,237
2,102
1,127
1,284
-
-
20,237
2,102
4,508
£
5,136
£
5,635
£
6,420
£|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.
Page 9
**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.
Page 10