REGISTERED COIllPANI' NUhlBER: fy1602795 (Nortliern Ireland) REGISTERED CIIARITY N'UMBER: N'IC102175 Rtport of the Trustees and FinAnciAI Siateiiienls for the Yejr Evded 31 Au%ust 2018 for Storehouse (Nl) Mccleary & Company Ltd Chartered Accountants Raihcanc Housc 32 Hillsborough RoAd Lisbum Co. Anlrim BT28 1 AQ
Siorehouse {l%l) Contents of the Financial Statements for the Year Lnded 31 Augus12018 Page Report of the Trustees I to5 Independent Examinefs Report 6107 Statement of Financial Aclivilies Balance Sheet 91010 Notes to the Financial Statements I I to 16
Storehouse (Nl) Report of the Trustees for the I'e&r Endod 31 August 2018 The Irusiees who are also dticclors of the charity for ihe purposes of the Coii)i)anies Act 2006. presei)I their rcport with the fii)ancial siaieinenis of the charity for the year ended 31 August 2018. Tl)e trustees have adoplcd the provisions of Accounting and Reporting by Charities.. Statement of Recomnicndcd Practice applicc1ble to charities preparing their accouiits in accordance wilh the Financial Reporting Sia])d&rd applicable in the UK and Republic of Ircland (FRS 102) {effeciiv¢ l January 20151. OBJECTIVE.S AND ACTIVITIES Our MissRon To dcvelop coinmunilies that recognise the signiflcance of cvcryone. We recognise th2t poverty of ttny kind often steals self.worth and value, driving people towards isolation and strippiiig away dignity and individual signifEcancc. We bclieve that, by boih meeiing practical needs tlirougl) pr()Vi5ioiI and developing positive community environnients, these patterns can be reversed and dignity. signifi¢an¢¢ and hop¢ ¢an be r¢Sred leading to individual and community wide flourishii)g. Our Objectives &nd Alm$ Oiir aii)i in Siorehousc (Nl) 15 to develop and combat physical rK)vcty and develop healthy. ]x)silive ¢oniii)Iiniti¢s Ihroiighoul the Greater Belfast Area. We do ihis, for the public benefit, through our twc> objectives.. (al To relieve financial hardship and poverty and io promote and preserve good health by the provision of funds. good5 or services of any kind, including einergency fiKMI, ¢lothing ai)d houschold goods. The dirlxl benLfi15 which flow from this puJpos¢ include improvemenl of health, rediiclion of anxieiy and slrcss associal¢d with a verty lifestyle. These benefits can be demonsirnied by feedback from refeIng parincr agei)cies, continued monitoring of service user circutllslances and ongoing evaluation of our service delivery. (bl To benefit the resident$ of the Greaier Belfast Area and beyond without distinciion of sex, sexual ori¢nlalioi), race or of political, Teligious or other opinions by associaling logeilier ihe said residents aiid the local GILlthorilies. voluntary and oihcr orgaiiisalions in a con)mon effort to advaiice education and to provide facilities in the interests of 181 welfare for recreation leisur¢ tim¢ occupation with the objective of Iiiiproviiig tlie condilions of life for the resid¢nts. The dircct bcnefits which tlow from this purposc include in¢rcased understanding and awareiiess of local wver(y issues, rcduclion in poverty driven isolation and ali increase in opportunity for social iniernction. These benefiis be demon5traled by provisioi) of edLicalioiial presentations in schools, chur¢h¢s eic., ongoing trdining of volunle¢rs and provision of facilities fur iiiultiple social and educational progran)m¢s nln by oursclves and ihird party organisaiions. Whi) do Ive benefit? ThL cliarily's beiieficiaries are those living Wlthin ihc Greater Belfast Area lacking the ability lo provide Ihcmsclves wilh the basic essentials of life as r¢fcTrcd lo us by our partners and those in rceeipt of an increased awareness of local poverty issues through our educalional presen1atio1 and trdining sessions. do we mitigate harm. The purposes of the charity nlay Ivdd to hami by producing an over dependency on chariiable provision hOWeer throiioh ongtsing tnoniloring ol individual service u1 acccss thc risk of hani) is outweighed by the benefits. The only privaie ben¢fit flowing from the pun)oses is ongoing Iraii)ingy in rclevant fields acce%5ibl¢ to thc trLlStees and this is incidental and necessary iKcau5e it directly impacts their abiliiy to servc within Ilie charity. Page I
Storehouse (Nl> Report of the Trustee5 for the Year Ended 31 AuEUSt 21118 OBJECTIN'ES AND ACTIVITIES Background Laui)¢hed in 2008. as a project of Belf451 City Vineyard Church, Storehouse had a very simple aini: to coinbat food rK)verty throughout ihe Greater Beifasi areL w'orking iowards the day ,hen no 01)e in our city shoLild havc to go hiingry. Sinc¢ thcn the project has evolvcd with Storehouse (Nll being cstablishcd in 2010 and the focus broadciiing to en¢on)pass other basic needs such as clothes. fumiture and household goods. Today Storehous¢ is providing around 100 food parcels. seeing 90 refetrals in our ccntre. ai)d making around 20 furniture dLliveries every wcck. We partiier with over 200 chariiies and agencies across the city and work 8lonEside more than 70 churches, s¢hools, and businesses. Pagc 2
Storehouse (NI) Report of the Trustees for the l'ear Ended 31 Au%u5t 2018 OBJECTIN'ES AND ACTIVITIES Htsii, did do. Iii tlie yiar ending 31 Augusi 2018 Storehouse (Nl) continucd to grow in influei)¢e within the Greater Belfast Aiea and providcd a significani SeiCe io ihosc living in circumsthnccs of wverty and financial. relational or emotional hardship. We delivered on our obje¢li.¢5 in the following ways- al Wc continued lo run 3 referrdl sessions per wcek. 51 weeks in t]Ic year. staffed by an amazingT volunteer i¢an). Wiihin these sessions we provided approximately 3100 food bags. roughly 41 tonncs of food, over 1000 iicnis of fumiiure and over 65(K> itenis of clothing, as well as l OOO'S of household goods and toil¢lry iteins to faniilies and individucils livinE within tM)verty throughout Belfast. The valiie of ihe goods givei), withoul LhargTe to the individuals seed, is in cxce5s of £124.OW. We provided this practical help lo ovcr 1000 uniqLie homes across ihe city, representing a vast spectrum of rhe Community including. but not lin)iled to. fainilies willi yOLing childre individuals living on benefit& those struggling with cycle5 of addiction or ment81 health issues, thc hon)eless, r¢fug¢es and asylun? seeke. b} Alongsid¢ the praciical proyision we soughr io devel¢)p a healthy, Positive community within our service users and volLlI)teers and the wider Belfast community through facilitating soine relalioi)al based enviroi)nients. Every week we ran a br¢akfa.s1 drop-in call¢d Siorehouse Floine. providing a healtliy brcakfast and a safe, regiilar space lo develop relationships for those struggling M'iih isolation. We averagLd over 40 iii altcndance each week with significant conversaiions and friendships being 2 weekly iiomi. Maiiy of our re&pLilars ultLSted to an iiicrcased s¢nse of coniinunity, to a more positive ouilook on their ¢ir¢uiiistance5 and to a significant benefit in their mental health. Alongside Home we added B monthly "family. meal called The Table. The Table creates a space for anyone to come and participalc in the preparing, serving and ealing of a family meal. Coi)Yersation is en¢oura&?ed, and flowing? across the tcibles, as tnany from vasily different backgrounds sit iog¢iher, 51iaring life. serving on¢ anoihcr and cxpanding their understanding of ihe city they call hotne. We regularly have over 50 coiniiig to eat and ¢hat together. We also faciliiated a weekly arts drop-in for teens and young adults within the city Cent commuiiity, off¢ring an alt¢mO1ivc to "hanging out" on ihe streets in Ihe evenings. Wc cxplored various fonns of visual arl, allowii)g younb 0p1¢ to explore various talents, while creating a relational environment which allowed for posilivc coiiversalion. Throiighollt th¢ Wintcr our 51aff and volunleers purchased and built a p)lytuni)cl to kick start our gardening project Ground. Through thc Spring and Suiiimer we sought lo develop ¢ommunity aii)01)gsl volLlI)leers and scrvicc USCTS as we learned iog¢ih¢r aboui growing and lending to fruit and vegetables. We u'¢r¢ ablc lo (hcn include what was growii as a healthy addilion io our f(x)d bags, to cook al our Table environinents and to begin lo offer som¢ rooking cla5scs for a nuinb¢r of ih05c in OLbr community. Throughout Il)e year we hav¢ ¢ontinucd io speak in many of our 80+ partner ¢hurchc5, scliools and busin¢sses, shariiig alxiul the work of Siorehousc aiid niore importanily speaking to change perceptions of Ioc<il poverty ISSUC5 and inviting IOO'S inio ongoing conversaiions about the challenges faciiig our communities. We have off¢r¢d training lo our amazing of 15(kfr volunteers in area5 such as health and 5af¢ly, ff5[ aid. food hygiene, Sliicide awarcncss, undersianding the benefit system and mucli niore. We coniiniic to scck a bctter uiiderstanding across th¢ social<conomi¢ dividcs within our city. FINANCIAI. RF.VIF.W Iiii'e5tincnt poii'ers and polic). The ¢onstilution of Storehoiise (Nll auihorises thc Trustees to make and hold invcs(Inenls using its funds. Cash balanc¢s arL currently hcld with the Coopcralive Baiik plc. The Trustcc& with regard io the liquidity requirements of ihe org2ni%ation, hav¢ opcralcd a policy ofkeeping funds within intc1 I bcariiig accounts.
Storehouse (NI) Reporl of the Trustees for the I'er Ended 31 .4uRu5t 2018 FINANCIAI, REVIEW Reserves poliev The Tru51¢cs who served in this period have undcrtaLcn the work of the charity, identified the major D5k5 to whiLh ihe chariiy is exposed and are satisfied that all appiopriat wlicics arc in place to niitigate these risks. Storeliouse (Nl} maintains rcservcs in Order to cover flucluaiions in in¢onie and cxpenditure, to allow for ai)y major uncxpected expendilure or to mitigatc any decline in ihe overall finaiicial ¢nvironmcnt. STRUCTURE, GOVERNANCE AE'D MANAGEMENT Governiiig document The chgrily is controlled by its governing do¢umcn4 a deed of trust. and constitutes a limiied company. limiied by guaraniee, as defined by the Compani¢s Aci 2(Kl6. Orgaiiisational structure Sior¢lioiis¢ (Nll is a coiiipany limited by guarante¢ as well as a registered charity. in whicli th¢ ¢ompany direciors fom) the board of Trustees. The liability of each Trys(ee in ihe eveiii of a winding up is limited to £1. The day lo day njnning is dele8aied the employed Sff. Induction and training of new trustees New TStee9 are appointLd when appropTiale. Suilable candidates ar¢ considered on ¢he basis of their skills, cxpLriLii¢e and sympathy with Ihc aims of Ihe charily. Ncw Trustees hav¢ the opportunity of reviewin appropriate doclimcnts, including the accounts, as port of (he induction process. Risk. Mnagement Th¢ qyslinis of iniemal coiitrol are design¢d to provide reasonable, bul noi absolute. assuran¢e agkinst materi21 misstatement or loss. They include-. An 2nnLial budge¢ approved by the Trustees RegLilar review by the Trustees of financial reports * Idenlificalion and management of risk RF.FF.RENCE AYI D ADMINISTRATIVE DETAILS Registered Compani, nun)ber N1602795 {Norihcni Irclaiidl R¢%l$t¢red ChArlty number NIC102175 Registered oifice I sl Floor Tciiiple Court 39 North Strcel Bclfast Co. Antrim BTI INA Tru5tee5 Mr Alan Roy¢ Carson Mr RobeTt Joseph Le.IS Associaie Pastor Mwiagement Consultant Direcloi Minisier Of Religion Mr RiLhard Aidan Mccartney Rev Andre. Texlor Smith - rcsigncd 1.6.18 Page 4
Storehouse {h'I) Report Df the Trustees for the Year Ended 31 August 2018 REFERENCE AND ADMINISTRATIVE DETAILS Iiidependeiit examiner MCC leary & CL)mpaiiy Ltd Chartered Accountants Rathcanc I IoLise 32 Hillsborough Road Lisblim Co. Antrim BT28 IAQ Bankers ThL Co-operative Bank POB(Trx 101 Balloon Street Mancliesler M60 4EP Approved by ord¢r of the board of Irusttts on 29 May 2019 and signed on its behalf by: Mr Alan Roye Carson - Trustee Page 5
Independent Examiner's RepDrt to the Trustee5 of Storehouse (Nl) report on the accounts of the company lor Ihe year ended 31 Augusi 2018, which are set out oil pages eiglit to sixteen. Respective responsibilities of charity trustees and examiner As Ilie charity's trustees (and also the directOT5 for the purposcs of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied mygelf that the Clwity is not subject to audit uiider company law and is eligible for independant exaniinalion, il is my responsibility lo= cxaEninc the accounts under section 65 of the Charities Act follow the procedures laid down in thc gcncrdl Directions given by tl)e Charity Commission for Northern Ireland under Section 65{91(bl of ihe Charilics Acl 51atc whether particular matters havc com¢ Lo my aiiention. B#.$ls of the liidepeiidciil examiner's report I have examined your chariiy accounts as required under section 65 of the Charities Aci and my exaniination was carried out in accoTdance with ihe general Directions given by ihe Charity Commission for Nortl)en) Ireland under se¢tion 65(9)Ibl of the Charities Acl. The examiiiation included a review of the a¢¢ouniing records kept by the charity and a ¢omparison of Ihe accounts presenicd wilh ihose rccords. It also included consideration of ai)y unusual items or disclosur¢s in ihe accounts, and seeking explanatioiis froin you as Charity lrnstees conceming any such matiers. My role is to slalc whcthcr any mat¢rial matters havc come to my attention giving me cause to believe- That a¢counting records were nor kept in accordance with section 386 of the Conip8nies Act 2006 Tha¢ ihc accounts do nol accord with those a¢¢ounling COrdS That Ihc accounis do not comply with thc accounting r4iiircincnts of seciion 396 of tl)¢ Coiiipanics Act 2006 and wilh the m¢ihods aiid principles of ihc Charities SialLincnt of Recoinnicnded Practice applicable to charities preparing their accounts in a¢¢ordan¢e will) Ihe Financial Rcporling Siaiidard applicablc in ¢hc UK and Republic of Irelaiid That there is further infomialion needed for a proper undetstanding of the accounts to be reached. Independeiit exainlner's statement Sin¢¢ your charity's gross income ex¢ttd¢d £250,OLN) your examiiier niusl be a mcmbcr of a listed body. I can coiifimi that l am qualified io und¢nakc th¢ ¢xainination because l ani a registered mcinber of ChartLred Accounianls Ircland which 15 one of the listcd bodics. I have ¢ompleted my examination and have no concerns in respecl of the matlers (l ) to (41 listed Above 2nd, in connection with followingy ihe Directions of the Charity Commission for Northcm Ircland. I have found no mallers that require drdwing to your attention. Page 6
Ii)dependent Examiner's R¢port to the Trustees of Storehouse (,Nl) Johi) Mccleary FCA Chartered Accountants Ireland Mccleary & Company Ltd Charier¢d AccoLinlanls Railieai)e HoLise 32 Ili115borough Road Lisbum Co. Antrim BT28 IAQ 29 M£1y2019 Page 7
.%torehouse (JNI) Statement of Financial Attii'ities for the l'ear Eiided JI .4ugust 2018 31.8.18 Total nds 31.8.17 Toial fuiids Unrestricted fund Rcstrictcd fund Noles INCOMF. AND ENDOWMENTS FRO1 Doiiations and legacies 273.400 273.400 276,370 Invesimenl income 35 Total 273,403 273,403 276.405 EXPENDITURE ON Raisiiig fLind5 Cli#rilable actiylties Direct Costs Suppon Costs 132.928 132,928 142,513 154,752 6.017 154,752 6,017 112.788 1,495 Total 293.697 293.697 256,796 NET INCOIMEI{EXPENDITURE) (20.294) (20,2941 19.609 Transfers between funds 10 Net movement In funds (20,293) (20,2941 19,609 RECONCILIATION OF FUNDS Total funds brought forward 46,766 81 46.847 27,238 TOTAL FUIIDS CARRIED FORWARD 26,473 80 26.553 46,847 The notes fonn part of ihese financial s(Atenients
Storehouse INI) Balance Sheet At 31 Auxust 2018 31.8.18 Total funds 31.8.17 Total funds Unrestricted fund Restricted fui)d Notes FJXF,D ASSF.TS Taii&7ible assets 2.041 2,041 2.669 CURRENT ASSETS Debtors Cash at bank 2,619 68,776 2,619 68.856 4.078 116,562 80 71.395 80 71,475 120.640 CREDITORS Amounts falling due within one year (46,9631 (46,963) {76,462} NET CURRENT ASSETS 24,432 80 24,512 44,178 TOTAL ASSETS LESS CURRENT LIABILITIES 26,473 80 26.553 46.847 NET ASSETS 26.473 80 26,553 46,847 FUNDS Unrcstricted funds Re5ti'iclcd funds 10 26,473 80 46,766 81 TOTAL FUIYDS 26,553 46.847 The notes fotrn pkrt of these financial sthtements Page 9 coiitll)ued...
Storehouse (Nll Balance Sheet- eontinued At 31 August 2018 The charitable compic ny is enii(led 10 exemption frotn audit under Section 477 01 the Companies A¢t 2006 for thc year cnded 31 Auoust 2018. The meinbers have not required ihe company to obtsin an audit of its financial statem¢nls for th¢ year ended 31 Au¥ust 2018 ii) accordaiice with SecLion 476 0( the Companies Aci 2006. The tnistees acknowledge their r¢sponsibiliti¢s for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companie5 Act 2(K>6 and Ib} preparing financial statements which give a true aiid fair view of ihe stale of afrai of Ilie ¢l)orilablc company £lS ai the end of ea¢h financial ycar and of its surplus or deficit for ¢a¢h fii)ancial year iii aecordance H'ith the requirenients of Sections 394 aiid 395 and which otherwise coniply willi th¢ requiremenls of the Companies Act 2(KJ6 relating to fitwi¢ial stAiements. so far as applieable to tlie chariiable ¢ompany. These financial slalenients have been prepared in accordance with the special provisions of Part 15 of th¢ Companies Aci 2006 relating io charitable siiiall companies. The financial statements were approved and authorised for issue by ihe Board of TteeS on 29 May 2019 and were signed on ils behalf by.. Mr Alan Roye Carson -Truslee The notes fonn part of ihese financial siaiements Paoe 10
Siorehouse {NIl Note5 to the Financial Statements for the l'ear Elided JI ,lugust 2018 ACCOUNTING POLICIES Basis of preparing the financial statements The financial staiements of the chaTitabl¢ conipany. whicli is a public benefi( entity uiider FRS 102, have been prepared in accordance wilh ihc Charilics SORP (FRS 102) 'Accounting and Reporting by Charities.. Staternenl of Recomniended Practice applicable to charitics preparing their accounts ii) accordance with th¢ Fithan¢ial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January ?015)', Financial Reporting Standard 102 'The Financial Reporting Stai)dard ppli¢able in the UK and Republic of Ireland, and ihe Con)panics Aci 2006. The finaiicial statcinents have been prepored under the historical cost convention. Income All income is rccogni5ed in the Statement of Financial A¢iivilies once the eharily has cntitlement lo the funds, it is probable that th¢ income will be received and the amount ¢an be measured reliably. Expenditure Liabiliii¢s arc recognised a5 expendIre as soon as there is a leg21 or consiruciive obligation comniitling the charity 10 that experidilure. it is probable that a transfer of economic bei)efiis will be reqiiiTed in settlLYiient and the amount of Ihe obligation can be n)easured reliably. Expciiditurc is accounted for on an accruals basis and has been classified under headings ihat a¥grcgalc all cost relnled lo Ihe category. Where cosls cantM)t direcily altribuled lo particulai headii)gs they have been allocated to activities on a basis Consistent wilh ihe use ofresources. T8iIRlble nxe(d 4$sels Depreciation is provided at th¢ following annual rdtes in order to write off each asset over its Cslimaicd useful life. Fixtures and fittings Motor vehicles C<iniputer equipn)ent - 251b/o on reducing balance 250/ll on r¢du¢ing balance 250/• on reduciiig balan¢¢ Taxation Th¢ Charity is exempt from corporntion lax on its charitable a¢tiviiies. Fund k)ccountin UiirLs(ricted funds can be used in accordance with ihe ch8Ti¢able objectives at the discretion of the InJsle¢s. Restricted funds can only be used for particular rcstriclcd PUTPOSCS within the objects ol the cliarily. R¢slrictions arise when specified by Ihe donor or whcn funds arc raiscd for particular rcstricted purposes. Further explanation of the nature and putp)5c of cach fund 15 includcd in the notes to the finaiicial staiements. Pension costs and other p05t-retiremcnt benefits The charitable company operdtes a defined contribution pcnsion schcnie. Contributioi)s payable to the charitable conipany's pension scheme are Charged to the Statement of Finaiicial Activities in the period to which they relat¢. Pag¢ll
Siorehou5e (Nl) Notes to the Fillancial Statements- continued for the l'ear Ended 31 August 2018 INVESTMENT INCOlE 31.8.18 31.8.17 Deposit a¢count interest 35 NET INCOMEI{EXPENDITURE) Nei in¢om&l(expenditure) is stated after chargingl(crediting).' 31.8.18 31.8.17 Depreciation - owned assets 628 827 TRUSTEES, REMUNERATION AND BEliEFITS There were no Irusl¢¢s' MneratIOn or other benefiis for ihe year ended 31 Augu512018 nor for the year ended 31 August 2017. Trustees. expenses ThLre were no trustees, expenses paid for the year ended 31 August 2018 nor for the year ended 31 Augusi2017. STAFF COSTS Th¢ Liv¢riig¢ n)on¢hly number of employees during ihe year was as follows.. 31.8.18 31.8.17 Managemeni and Admin No cmployees received emoluments in excess of £60.0. CONIPARATIVES FOR TIIE STATEMENT OF FINANCIAL ACTIVITIES Unrestrickd fund Restricted fund Total funds INCOME AND ENDOWIIENTS FROM Donations and legacies 275.690 680 276,370 Investmcnt income 35 35 Total 275,725 680 276,405 F.XPF.NDITURE ON Ilaising funds Charitable activities Diiect Losts Carried forward 142,513 142.513 112.788 112,788 112.788 112,788 Pag¢ 12
Storehouse {NIl Notes to the Financial Statements- continued for the l'ear Ended 31 August 2018 co[PARATIVEs FOR THE STATEMENT OF FINAliCIAL ACTIVITIES- continued Unrcslrictcd Restricttd fund fui)d Total fiiiids Charltable &ctlvitie$ Brought forward SupFx)rt Costs 112.788 1,495 112,788 1,495 Total 256.796 256.796 NET INCOMEI(EXPENDITURE) 18,929 680 19,609 Tran5fer5 between funds 640 (640) Net mov¢m¢nt In fMnd$ 19,569 40 19,609 RECONCILIATION OF FUNDS Total fuiids brought form'ard 27,197 41 27,238 TOTAL FUNDS CARRIED FORII'ARD 46,766 81 46,847 TANC:IBLE FIXED ASSETS Fixtures and fittings Motor vehicles Computer ¢quipm¢nl Totals co.s'r Ai I September 2017 and -1 I ALigusl 2018 7,235 3,0(Kl 11,426 DEPRECIATION Al I Sepien)ber 2017 Charge for year 5,626 403 2.214 157 917 68 8,757 628 Al 31 August 2018 6.029 2,371 985 9,385 Tr*ET BOOK VALUE At31 August 2018 1,206 629 206 2,041 At31 August 2017 1.609 786 274 2.669 Pagc 13
Storehouse (Nl) Notes to the Financial Statements- Continued for the l'ear Elided 31 August 2018 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.18 31.8.17 Other debtOTS 2.619 4,078 CREDITORS: AMOUNTS FALLING DUE IVITHIli ONE YEAR 31.8.18 31.8.17 Other creditors A¢¢ru21s and deferred in¢om¢ 1,088 45.875 612 75,850 46,963 76.462 10. mOvEMEIT IN FufiDS Net movem¢ni in funds Transfers between funds Ai 1.9.17 At31.8.18 Unrestricted funds General fund 46,766 (20,294) 26,473 Restricted funds Siorehouse North Down 81 80 TOTAI. FUNDS 46,847 (20,294) 26,553 Net movement in funds, included in the above ar¢ Lg follows.. Incoming resourc¢s Resources Movcmcnl in expendcd fuiids Unrestricted funds icncral fiind 273.403 (293,697) (20.294) TOTAL FUNDS 273.403 {293,697} (20.2941 Pagc 14
Storehouse {NI) Notes to the FSn4ncial Statement5 - continued for the l'ear Ended 31 .4ugu5t 2018 io. movEIENT IN FUNDS- Continued Comparatives for movement In fund5 Net movement in funds Transfe between lunds Ai 1.9.16 At31.8.17 Uiircstricted Funds General fund 27,197 18,929 640 46,766 Rcstricted Funds Storelious¢ North Down 680 (6401 81 TOTAL FUNDS 27.238 19.609 46,847 Comparative net mov¢menl in funds, included in ihe above are as follows.. Incoming resources Resour¢es Mov¢menl i expeiided fuiids Unrestrlcted funds CJ¢nernl fiind 275,725 (256,7961 18,929 Restricted funds Storehousc North Down 680 680 TOTAL FUNDS 276,405 (256,7961 19,609 A current year 12 months and prior year 12 monihs combined pN)sition is as follows.. Net movement in funds Transfers bctwee funds At 1.9.16 At31.8.18 Unrestricted funds GLnerdl fund 27,197 (1,3651 641 26,473 Restricted funds Sioreh0115¢ North Down 41 680 (6411 80 TOTAL FUNDS 27,238 16851 26,553 Page 15
Storehouse (Nl) Note5 to the Financial Statements- continued for the l'ear F.iided 31 Augusi 2018 10. MOVEMENT ILY FUNDS- continued A curreni year 12 Inonths and prior year 12 months ¢ombin¢d n¢t movement in funds, included in thc above arc as follow5= Incoming resources R¢sources Movcincnl in expended (Linds Unrestricted funds General luiid 549.128 {550.4931 (1.3651 Restricted fund5 Sior¢housL' Nortli Down 680 TOTAL FUN'DS. 549.808 (550.4931 16851 RELATED PARTY DISCLOSURES There weie no related party Iransaciions for th¢ year cnded 31 August 2018. Page 16