Charfty roglstration number NIC 101072 (Northem Ireland)
Company règlstratlon nUM￿r N1628614
STOREHOUSE NORTH DOWN
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

STOREHOUSE NORTH DOWN
LEGAL AND ADMINISTRATIVE INFORMATION
Trusteos
Margaret Gra￿ Colville Ballle
Pauline Rebecca Hare
Hugh Patrick Mccart
Brandan Mccrory
Valerie Margaret Miskimmon MBE
Gary Rodgers
Jennlfer Waugh
(Appolnted 2 Septèmber 20241
(Appointed 2 September 2024)
Charlty numb•r
NIC 101072
Company nUM￿r
N1628614
Roglster8d offlce
12 Balloo Avenue
Bangor
County Down
BT19 7QT
Indepond•nt •xamlner
HM Chartered Accountsnts
6th Floor East Tower
Lanyon Plaz8
8 Lanyon Place
Belfast
Co. Antrlm
BT13LP

STOREHOUSE NORTH DOWN
CONTENTS
Page
Trustees. report
Independ8nt examlnerfs r6POrt
Statement of financlal acilvltles
Balance sheet
Notes to the financlal st8t8ments
8-14

STOREHOUSE NORTH DOWN
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JANUARY2025
The Trustees present their annual report and flnancial ststements for the year ended 31 January 2025.
The Trustees, who are thè directors for the purposes of company law, present thelr annual report together with
the financial statements of Storehouse North Down for the year to 31 January 2025.
Sincè the Charity qualifies as small under section 382 of the Companies Act 2006. the strategic report requlred of
medium and large companies under The Companies Act 2006 (Strategic Report and Diredorfs Report)
Regulations 2013 is not rÉquir8d.
Objectlvès and actlvltles
Storehouse North Down (the Charlty) is a reglst8r8d charity and Is structured as company limited by guarantse
regIste￿d on 12th January 2015. The Charitls govemlng document Is Its Memrandum and Artl¢les of
Association.
The prlnclpal objectives of the Charlty are contsined In the Memorandum and are as follows,.
al to relieve slckness. financlal hardshlp and poverty 8nd to promote and preserve good health by the provision
of funds, goods or services of any kind. including but not by way of limitation through the provlsion of emergency
food packages In such part8 of N¢yth Down and Donaghadee, Northern Ireland or the world as the Trustees see
bl lo benefit the residents of North Down and Donaghadee or such parts of Northern Ireland or the world without
dlstinction of sex, sexual orientation, race or of pollllcal, r81iglous or other opinions by a5socl8ting together the
said residents and local authorities, voluntsry and other organlsalions in a common effort to advance education
and to provlde f8cilitles in the interests of social welfare for recreation leisure time occupation with the objective
of Improving the conditions of life for the residents.
In this reporting period the Trustees have focused on the rellef of food poverty by the provision of emergency
food packages in such parts of North Down and Ihe surrounding area as the trustees from time to tlme see fit. It
is the aim of the Charily that no one in North Down should go hungry.
Context
storehouse North Down commenced activity in November 2012. All reporting from that date to 11 January 2015
was done through Storehouse Belfast accounts.

STOREHOUSE NORTH DOWN
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
Mana
ement
The Chairperson and the Manager of the Charity rèport to the trustees, who meet on a regular basis. The Charity
works by referrals from recognised agencies both statutory and volunlary, community workers, and ¢hur¢h
personnel. Our manager continues to have strong links with other foodbanks in the area, local councS1,
community officers, press and businesses in the area and reports back to the trustees on meetings with such
bodies. We are rep￿sented on the Ards and North Down Forum on poverty and on North Down Community
Network Board.
Su
ort from the communl
We are really appreciatlve of the support W8 have in the local community. Again over 50 ¢hurches contlnu8 to
support us either wéekly or monthly . Many businesses support us Including Salnsbury's ,the Eurospars in our
area . the local Covop. Tesco and Asda. Marks & Spencer continue to give us their surplus bread, fruit etc. These
have been well received by our dients.
We also have contacts with local farmers and are able to supply fresh
vegetables when in season. These wilh meat from l¢xal butchers mean that our clients ar8 able to make
nutrftious meals.
The schools in North Down have harvest and Christmas collections and youth organisations also support us.
Indeed before Christmas many businesses hold fund raising days. The 5UPPOrt is overwhelming and enables us
to fulfil all the requests we have for hampers at Christmas time. We are also thankful for the financial support we
receive as this enables us to to buy items we are short of . We have set up a hardship fund lo help support
agencies whose clients are struggling wllh fuel poverty and purchase of essential items.
The Hygiene Bank continues to support us and this is greatly appreciatod.
Voluntee
The charity is run by a board of Trustees and a very enthuslastic and dedicated group of volunteers under a
Management team and supported by our Ch8irp8rson . Each new volunteer is given an induction p8ck and is
kept up to date on all health and safety procedures.
We continued to operate with the support of a small number of our volunteers. They have been fanlastlc. Wa
owe a great debt of gratitude to our volunteers, who are mosuy senior citizéns, for their dedicalion. We continue
to open days per week. Our volunteers sort and date our incoming donallons. The volunteers then make up
the requested hampers.
Ham
The economic situatlon continues to giv8 rlse for concem. We have found that although there is contlnu8d rise in
prI￿S of utilities, increase in the price of groceries and clothing. ther8 has been a decrease in the requests for
hampers. There has been an increase in community initiatives and we have been supporting them with donations
of groceries. There has also been increased monetary support from the government.
With the increase in costs the monthly v81ue of the hampers glven out has risen to approximately £9000 plus
fresh food. Although we have seen a decrease in donations of groceries we have seen an increase in financial
donations. We thank Gc*J for his faithfulness in providing everything that we have needed. Indeed we have found
that the more we gave out the more came in.
This year the total number of hampers given out {not including Christmas) was 1,072 The total value of the
hampers given out this year with meat vouchers was approximately £120,000. This indude £27,435 which was
the value of 453 Christmas hampers. We have helped 2,742 people in the last year through our week to week
hampers and a fijrther 1,290 people at Christmas.
We are expecting to see an increase in requests in hampers in 2025 due to th8 measures the new government is
taking including increase in National Insurance, and changes to tax thresholds. We will continue lo support those
in need including the Immigrant community and the homeless.

STOREHOUSE NORTH DOWN
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2025
Going concern
After making appropriatè Énquiries. the trustees have a rèasonable expectation that th8 Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt
the going concern basis In preparing the financial ststemenls. Further dètails regarding the adoption of the going
concem basis can be found in the Accounting Pollcles.
Flnancial revlew
The Income for the perlod was £186.454 and our exp8nditure was £208,758, Our assets comprise fot)J stocks
amount to £27,702 and cash in the bank of £249,505.
structure. govornance and management
The board is made up of 7 trustees who support the Chrlstlan ethos of the Charity lone of those reslgn8d during
the year). They bring to the board many skills which are relevant to the smooth runnlng of the charoty. The
appointment of any trustee follows the guldelines set out In our M8morandum and Articles of association. On
appolntment new trustees will be glven the relevant training and all information regardlng the duties of a trustee.
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up
to the dale of signature of the financlal ststements were:
Margaret Grace Colvllle Bailie
Pauline Rebecca Hare
Hugh Patrick Mccart
Brendan Mccrory
Valerie Margaret Miskimmon MBE
James McKnight
Gary Rodgers
Jennifer Waugh
(Appointed 2 September 2024 and reslgned 12 June 20251
(Appointed 2 September 20241
(Appolnted 2 September 2024)
Risk management
The Trustees regard Ihe Charities main risks to bé the continuity of food donations. The diversity of the
contributing organisatlons for food mitigates this rlsk. Regular Communication with these organisatlons is
maintained to demonstrate the continuing need for donallons.

STOREHOUSE NORTH DOWN
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
stat•m•nt of Tru•toH' r•8pon$lblllllo8
The Tnjstees, who are also the directors of Stlxehousè North Down for the purpose of company law. are
responsible for prnparing the Trustses, Report and the finandal statements in acc￿danCe with applicable law
and regulatlon.
Company law requires the TrLSSt8as to prepare financial statements for eaeh finanrial y8ar. Under that law the
Trustees have prepared the financial statements in accordance wrth United Klngdom Accounting Standards,
mprising FRS 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland., and
applicable law (United Kingdom Generally Accepted Accounting Practlce). Under company law thè Trustees must
not approve the financial statements unless they are salisfied that they give a true and fair view of the stal8 of thè
affairs of the company and of the Incoming resources and appli￿tIon of resources, including the income and
oxpendlturo. of the company for that period. In preparing these financial statements, the Trustee5 are required to:
• selecl sultable aco)unllng policles and then appty th8m conslstently;
make Judgments and eslimales that are re8sonable and prudent: and
prepare the financial statements on the golng concem basis unl958 it Is Inapproprfato to presume that
the wlll contlnue In business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain tho
company's transactions and disc105e with reasonable accura￿ at any time the financial position of the company
8nd enable them to ensure that the financial statements comply with the CoTnpanies Act 2006. They are also
responslble for saf8guardlng the assets of the company and henco for taking reasonablo sleps for the prevention
and delecllon 01 fraud and other irregularities.
This report has been prepared In ac￿rdanCe with the provlsions appll(¥bl8 to cornpanies subject to the small
companies regimes withln Part 15 of the Companles Act 2008.
The Twstees. report was approved by the Board of TNstees.
Maryar•l GrAQ• Colvlll• 84111•
Trustee
P*ulln• R•b•a¢* H*r•
Trustee
Dated:...l? l. b It
Oated...2.-1. l.io.l.15"

STOREHOUSE NORTH DOWN
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF STOREHOUSE NORTH DOWN
I repjrt on the financial statements of the Charity for the year ended 31 January 2025, which are set out on pages 6
to 14.
Ra8PeCtive responslbllltles of charity Trustees and èxamlner
As the charity Trustees (and also the directots of the company for the purposes of company law) you are
responsible for the preparation of the financial ststements in accordancè wlth the requirements of the Companies
Act 2006.
Having satisfied mys8lf that the financial slatements of the Charity are not required to be audited under Part 16 of
the Companies Act 2006 and are eligible for independenl examination. it is my responsibility to:
8xamine the flnancial statements under section 65 of the Charities Ad (Northern Ireland) 2008;
follow the procedures laid down in the general Dlrections gfven by the Commlsslon under sectlon 65(9llb)
of the Charities Acl (Northern Ireland) 2008,. and
stale whether particular matters have come to my attention.
Bas18 of Independent oxamlnerfs report
I have examined your ch8rlly financlal statements as required under section 65 of the Charltlas Act {Northem
Ireland) 2008 and my examination was carried out in accordanc8 With the general Directlons given by the Charity
Commisslon for Northern Ireland under section 6519}Ibl of the Charities Act. The examination included a review of
the accounting records kept by the charity and a comparison of the flnancial statements presented with those
r8cords. It also included considerallon of any unusual items or disclosures in the financial slalements, and seeklng
explanations from you as charity trustees concerning any such matters.
My role is to slate whether any materlal matters hav8 come to my attantion giving me cause to believa that:
1. Accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
2. The financial statements do not accord wlth those accounting records; or
3. The financial statements do not comply with the accounting requirements of sectlon 396 of the
Companiès Act 2006 and with the methods and principles of the Charities Statement of Recommended
Practice applicable to charities preparing their financial ststements in accordance wlth the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)., or
4. There is further information needed for a proper understanding of the financial statements to be reachèd.
Indepondent examiner's statemant
I havè completed my examination and I have no concerns in respect of the matters (1) to {41 Ilsled above and, In
connection with following the Directions of the Charity Commission for Northem Ireland, I have found no matters
that require drawing to your attention.
HM Chartored Accountsnts
6th Floor East Tower
Lanyon Plaza
8 Lanyon Place
Belfast
Co. Antrim
BT13LP
Date..
2711012025

STOREHOUSE NORTH DOWN
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2025
Unrestrfctod Unrestrlcted
funds
funds
2025
2024
Notos
Incomo from:
Donations and legad8s
Investments
183,714
2,740
183,548
1,414
Total In¢omo
186,454
184,962
Expondlture on:
Charitsble actlvltles
208,757
196,516
Total expondlturo
208,757
196,516
Net éxpondlturo and movgmont In funds
(22,3031
(11,554)
Roconclllation of fund8:
Fund balances at 1 February 2024
298,610
310.164
Fund balances at 31 January 2025
276,307
298,810
The statement of financial activities includes all galns and losses recognlsed in tha year. All income and expenditure
derive from continuing adlvities.

STOREHOUSE NORTH DOWN
BALANCE SHEEr
AS AT 31 JANUARY2025
2026
2024
Curr•nt as••ts
Stocks
Cash at bank and in hand
11
27.702
249,505
30,701
269,709
277,207
300,410
Cr•dltorn: 4mount• falllng du• wlthln
on• y•ar
12
(gij))
(1.800)
N•t ourr•nt •M•ts
276,307
298.610
Th• lund8 of th• Gharlty
Unr05tricted fund8
13
278.307
298,810
276.307
298,610
The Mmp8ny is entMgd to the exempUon from the audit requirom8nt contained in 8ection 477 of the Compani88 Act
2CK)6, for the year ended 31 January 2025.
Tha dlrectors acknowledge their responslbilitles for complylng wlth the requirements of the Companles Act 2008
wlth rospect to accounting records and the preparntion of financial statoments.
The rnembeTr have not required the company to obtaln an audlt ol bts financlal statements for tho year In que8tlon in
ac￿rdanC8 with section 478.
These financial 8tslements have bean prepared In accordanc• wlth tho provi81ons appllcable to companies subjod
to the small eompanies regirne.
The finandal statemènts wer• approvod by the Trustees on .
£-.2.1.LQ.l.zC
Margare
Trusts•
Grace Colvilb 8aille
Paullne Rebecca Haie
Company reglstration number N1628614 (Northem Ireland)

STOREHOUSE NORTH DOWN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY2025
Accounllng policies
Charity Information
Storehouse North Down is a private company limited by guarantee incorporated in Northern Ireland. The
registered office is 12 Balloo Avenue, Bangor, County Down, BT19 7QT.
1.1 Accounting conventlon
The financial 5talemenls have b88n prepared in accordanc8 Wlth thè Companies Act 2006 and "Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their
accoLtnts In accordance wllh the Flnancial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102)" las amended for accounting periods comfflencing from 1 January 2016). The Charity is a Public
Benefit Entlty a5 defined by FRS 102.
The Charlty has taken advantage of the provlslons in the SORP for ¢harltl8s applylng FRS 102 Update
Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared In sterllng, whl¢h Is the fun¢tlonal currency of the Charlty. Monetary
amounts in these financial statements are rounded to the nearest £.
The financlal statements have been prepared under the hlstorical cost convention. Imodified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at fair
valuel. The principal accounting policies adopted are set out below.
1.2 Golng concern
At the lime of approving the flnancial statements, the Trustees have a reasonable expectation that the Charity
has adequate rèsources to continue in operational existence for the forese8able future. Thus the Trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charltable funds
Unrestricted funds are available for use at the discretlon of tha Trustees in furtherance of their charitable
objectives.
Restricted funds are sublect to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes lo the financial statements.
1.4 Income
All income is recognlsed once the Charity has entltlement to the Income, It Is probable that the income wlll
be received and the amount of income receivable Can be measured reliably.
Donatod services or faclllties are recognised when the Charity has control ov8r the item. any conditions
associated with the donated item havo been met. th8 receipt of economic benefit from the use of the Charity
of the item Is probable and thal economic beneflt can be measured reliably. In accordance with the Charities
SORP (FRS 102), th8 general volunteer time of the Friends is not recognised and refer to the Trustees.
report for more information about their contribution.

STOREHOUSE NORTH DOWN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
Aecountlng policie8
(Continued)
On receipt, donated profèssional seNices and donated facilities are recognised on the basis of the value of
the gift to the Charlty which is the amunt the Charity woul(1 have beén willing to pay to obtsin serVi￿S or
facilities of equivalent economlc benefit on the open market; a corresponding amount is then recognised in
expenditure in the period of receipt.
Income tax recoverable In relation to donations received under Gift Aid or deeds of ¢ovenant is
recognised at the time of the donatlon.
Income tax recoverable In relation to Inv8Stment income Is recognised at the time the Investment Income is
¢elvabl8
1.5 Expendlturn
Expenditure Is rècognlsed once thère Is a leg81 or constructive obligatlon to transfer economic benefll to
third paty. it is probable that a transfer of economic benefits wlll be required in settlement and the amount of
the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are
made up of the total of direct costs and shared costs, including support costs involved in undertaking each
actlvity. Direct costs attrlbutable to a single activity are allocated directly to that actlvlty. Shared costs which
contribute to more than one activity and support costs which are not attributable to a single activlty are
apportioned be￿een those activities on a basis consistent with the use of resources. Central staff costs are
allocated on th8 basis of time spent, and depreciation charges allocal8d on the portion of the asset's use.
Governance costs are those incurred in connection with admlnistration of the company and
compliance with constitutional and statutory requlrements.
Charitable activities and Governance costs are costs incurred on the company's educational oper8tions,
Includlng support costs and costs relating to the governance of the company apportioned to charitable
actlvities.
All expenditure is Inclusive of irrecoverable VAT.
1.6 Stocks
Stocks are valued at the lower of cost and net realisab18 value aft8r maklng dua allowance for obsolete and
slow-moving slocks. Cost includes all direct costs and an appropriatè proportion of fixed and variable
overheads.
1.7 Cash and cash èqulvalents
Cash and Gash equivalents include cash in hand, d8POSlts held at call with banks. other short-term liquid
investments with original maturities of th￿e months or less, and bank overdrafts. Bank overdrafts are sh¢)wn
within borrowings in Gurrent liabilities.
Baslc financlal assets
Basic financial assets, which include debtors and cash and bank balances, are inillally measurod at
transaction prlce including transaction costs and are subsequenlty carried at amortised cost using the effective
inter8St method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present Value of the future receipts discounted at a market rate of interest. Financial assets
lassified as receivable within one year are not amortised.

STOREHOUSE NORTH DOWN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
Accounting policios
(Continued)
Baslc flnancial liabilitles
Basic financial liabilities, including credilors and bank loans are initially recognised at transaction price unless
thè arrangement constitutes a financing transaction, where the debt instrument is me8sur6d at Ihe present
value of thè future payments discounled at a market rate of interest. Flnancial liabilitl8s classified as payable
within one year are not amortised.
Debt Instruments are subsequently carried at amortls8d cost, using the effective interest rate method.
Trade credltors are obllgations lo pay for goods or servlc8S that have be8n acquired In th8 ordinary course of
operatlons from suppllers. Arnounts payable are classified as current liabilitles if payment Is due within one
year or less. If not, they are presented as non-current liabllities. Trade creditors are recognised initially at
transaction prlce and subsequently measured at amortised cost using the effeGtlve inler8St method.
Derecognltlon of flnanclal Ilabllltles
Financlal liabilities are der8cognised when the Charity's contractual obligatlons expire or are dlscharged or
cancelled.
Crltlcal accounting 93tlmates and judgements
In the application of the Charty's accounting policies, the Trustees are requlred to make judgements,
estimates and assumptions about th8 carrying amount of assets and liabllities that are not readlly apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are consldered to be relevant. Aclual results may differ from these estimate5.
The estimates and undedying assumptions are reviewed on an ongoing basls. Revisions to accounting
estimates are recognised in th8 period in which the estimate is revlsed where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
perlods.
In the Trustees. oplnlons, there arè no significant judgements, estimates and assumptlons made about the
recognitlon of assets, liabilltles, Incomes and expenses.
10

STOREHOUSE NORTH DOWN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
Income from donations and legacies
Unrestrlcted
funds
2025
Unrestrlcted
fund8
2024
Donations and glfts
Grants
183,714
176,876
6.672
183,714
183,548
Donallons and glfts
Fo¢)J donated
Donationed from individuals
Donations from organisatlons
Gift ald
Other
93,040
64,583
26.091
87,333
64,355
21,675
3,470
43
183,714
176,876
Grants recelvablè for core actlvltle8
Ard5 and North Down Borough Council
6,672
6,672
Income from Inve8tm•nt8
Unrnstricted Unrestricted
funds
funds
2025
2024
Snterest receivable
2.740
1.414
11

STOREHOUSE NORTH DOWN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
Charltsble activltles
2025
2024
Food parcels issued
Food expenses
Meat vouchers issued
Rent
Bank fees
Hardshlp fund
96,039
35,265
24,000
13,200
268
34,383
80,349
39.090
21.000
13,200
426
36,263
203,155
190,328
Share ofsupport Costs (see note 61
Share of governance costs (see note 6>
4,702
900
5,288
900
208,757
196,516
Support costs
Support Governance
cost8
costs
2025 Support costs Governance
costs
2024
Establishment expenses
4,702
4,702
5,288
5,288
Accouniancy
900
900
4,702
900
5,602
5,288
900
6.188
Analysed ts&￿een
Charitable activities
4,702
900
5,602
5,287
900
6,187
Governance costs Includes payments to the audltors of £90012024- £9001 for audlt fees.
Not movement In fund$
2025
2024
The net movement in fund5 IS stated after Chargin￿(credItingl.
Fees payable for the independent examination of the charity's financial
statefflents
900
900
Trusteè8
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the
Charity during thè year.
12-

STOREHOUSE NORTH DOWN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2025
Employees
The average monthly number of èmployees during the year was:
2025
Number
2024
Numbèr
Trustees
There wer8 no employees whose annual ￿Muneration was more than £60.000.
10 Taxatlon
The charity is exempt from taxatlon on Its activities b8cause all Its Income 1$ applied for charitable purposes.
11 Stocks
2025
2024
Finished go¢xis and goods for ￿Sale
27,702
30,701
12 Credltors: amounts falllng due wlthln ono year
2025
2024
Accruals and deferred income
900
1,800
13 Unrestrlcted funds
The unrestricted funds of the charily comprise the unexpended balances of donations and grants which are
not subject lo speclfic condltlons by donors and grantors as lo how they may be used. These Include
designated funds which have been set aside oul of unrestricted funds by the trustees for specific purposes.
Resource8 At 31 January
expended
2025
At 1 February
2024
Incoming
resources
General funds
298,610
186,454
1208,757)
276,307
Prevlous year:
At 1 February
2023
Incoming Resources At 31 January
resources
expended
2024
General funds
310,164
184,962
(196,516)
298,610
13-

STOREHOUSE NORTH DOWN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2025
14 Anatysls of net assets between funds
Total
2025
Total
2024
Fund balances at 31 January 2025 are represented by..
Current assetsl{liabilitias)
276,307
298,610
276.307
298,610
15 Op•ratlng leaso commltrnents
At the reportlng end date the Charity had outstandlng commltments for futur8 minimum18ase payments under
non-cancellable operating leases, which fall due as follows:
2025
2024
Within one year
Be￿een Iwo and five years
13,200
3,300
13,200
16,500
16,500
29,700
16 R&latod party tran8actlon8
Thera were no dlsclosable related p8ty transactlons durlng the year (2024 - none).
14-