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¢S￿red 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 refe￿Ing 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 hOWe￿er throiioh ongtsing tnoniloring ol individual service u￿1 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 Se￿iCe 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 se￿ed, 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 Ioc6 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 T￿￿teeS 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 expendI￿re 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