Company Regislration Number: N1602795
Charity Nurnber: 102175
Storehouse {Nl)
{A company limlted by guarantee. not having a share capital)
Annual Report and Unaudited Financial Statements
for the financial year ended 31 August 2024
Mccleary & Company Ltd
Chartered Accountants
Garvey Sludios
14 Longstone Street
Lisburn
Co Antrim
BT28 1TP

Storehouse (Nl)
{A company limited by guarantee, not having a share capital)
CONTENTS
Page
Trustees, and Other Information
Trustees, Annual Report
Statement of Trustees, Responsibilities
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
10
Notes to the Financial Statements
Supplementary Information relating to the Financial Statements
18

Storehouse (Nl)
IA ¢ompany limited by guaranto8, not having a share capttall
TRUSTEES. AND OTHER INFORMATION
Trustees
Rev Andrew Textor Smith
Michael Humphreys (Appointed 1 May 2024)
Cheryl Victoria Jenkins (Appointed 2 July 2024)
Lynda Mary Gould {Appointed 2 July 2024)
Alan Roye Carson
Timothy Mairs (Resigned 26 November 20241
Charity Number in Northern Ireland
102175
Company Reglstration Number
N1602795
Registered Office
1st Floor Temple Court
39 North Street
Belfast
Co. Anlrim
BT11NA
Independent Examiner
Mccleary & Company Ltd
Chartered Accountants
Garvey Studios
14 Longstone Street
Lisburn
Co Antrim
BT28 1TP
Principal Bankers
The Co-operative Bank
PO Box 101
Balloon Street
Manchester
M60 4EP

Storehouse (Nl)
IA company limited by guarantee. not having a share capital)
TRUSTEES. ANNUAL REPORT
for the financial year ended 31 August 2024
The trustees present their Trustees. Annual Report, combining the Directors. Report and Trustees, Report, and the
unaudited financial statements for the financial year ended 31 August 2024.
The financial stalemenls are prepared in accordance with the Companies Act 2006, FRS 102 Yhe Financial
Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities:
Slalement of Recommended Practice applicable to charities preparing their financial statements in accordance with
the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102).
The Trustees, Report contains the information required to be provided in the Trustees, Annual Report under the
statement of Recommended Practice {SORP) guidelines. The trustees of the charity are also charity trustees for the
purpose of charity law and under the charity's constitulion are known as members of the board of trustees.
In this report the trustees of Storehouse INI) present a summary of its purpose, governance, activities, achievements
and finances for the financial year 31 August 2024.
The charity is a registered charity and hence the report and results are presented in a form which complies with the
requirements of the Companies Act 2006 and. although not obliged lo comply with the Statement of Recommended
Practice applicable in Ihe UK and Republic of Ireland FRS 102, the organisation has implemented its
recommendations where relevant in these financial statements.
MSsslon. Objectives and Strategy
Mission Statement
To develop communities that recognise the significance in everyone.
We recognise that povety of any kind often steals self-worth and value, driving people towards isolation and stripping
away dignity and individual significance. We believe that, by both meeting practical needs through provision and
developing positive community environments, these patterns can be reversed and dignity, significance and hope can
be restored leading to individual and community wide flourishing.
Objecllves
Our aim in Storehouse (Nl) is to cornbat physical poverty and develop healthy. positive communities throughout the
Greater Belfast Area. We do this, for the public benefit. ihrough our two objectives:
la) To relieve financial hardship and povety and to promote and preserve good health by the provision of funds.
goods or services of any kind, including emergency food, clothing and household goods. The direct benefits which
flow from this purpose include improvement of health, reduction of anxiety and slress associated with a poverty
lifestyle. These benefits can be demonstrated by feedback from referring partner agencies, continued monitoring of
service user circumstances and ongoing evaluation of our seNice delivery.
(b) To benefit the residents of the Greater Belfast Area and beyond without distinction of sex, sexual orientation. race
or of political, religious or other opinions by associating together the said residents and the local authorities. voluntary
and other organisations in a common effort to advance education and to provide facilities in the interests of social
welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents.
The direct benefits which flow from this purpose include increased understanding and awareness of local poverty
issues, reduction in poverty driven isolation and an increase in opportunity for social interaction. These benefits can
be demonstrated by provision of educational presentations in schools, churches etc., ongoing training of volunteers
and provision of facilitie5 for multiple social and educational programmes ran by ourselves and third party
organi5ations.
Who do we benefit?
The charity's beneficiarie5 are those living within the Greater Belfast Area lacking Ihe ability to provide themselves
with the basic essentials of life as referred to us by our partners and those in receipt of an increased awareness of
local poverty issues through our educational presentations and training sessions.
How do we mitigate harm?
The purposes of the charity may lead to harm by producing an over dependency on charitable provision however
through ongoin9 monitoring of individual service user access this risk of harm is Ou￿et9hed by the benefits.

Storehouse (Nl)
(A company limited by guarantȕ. not havlng a share capital)
TRUSTEES. ANNUAL REPORT
for the financial year ended 31 August 2024
Background
Launched in 2008. as a project of Belfasl City Vineyard Church, Storehouse had a very simple aim., to combat food
poverty throughout the Greater Belfast area. working towards the day when no one in our city should have to go
hungry. Since then the project has evolved with Storehouse INI) being established in 2010 and the focus broadening
to encompass other basic needs such as clothes. furniture and household goods. Today Storehouse is providing
around 150 food parcels, seeing 200 referrals in our centre, and making around 10 furniture deliveries every week.
We partner with over 200 charities and agencies across the city and work alongside more than 70 churches. schools,
and businesses.
How did we do?
In the year ending 31 st August 2024 Storehouse {Nll continued to grow in influence within the Greater Belfast Area
and provided a significant service to those living in circumslances of poverty and financial, relational or emotional
hardship. We delivered on our objectives in the following ways
a) We started the year continuing to run 4 referral sessions per week, 51 weeks in the year, staffed by an amazing
volunteer team. In the last half of the year we began to make plans to an appointment based system rather than our
open sessions, rernoving the need to queue and restoring maximum dignity and choice to all our setvice users. In
June we implemented the new system fully, running a total of 8 provision sessions per week. Within these sessions
we had roughly 6500 visits lo our lood shop, where we were able lo provide over 120,000 items of food and toiletries
to those in need. On top of that we were able to supply over 14.250 items of clothing and deliver over 720 items of
fumiture to families and individuals living within poverty throughoul Belfast. The value of the goods given, without
charge to the individuals served, is estimated to be around £177.000. We provided this practical help lo over 1500
unique homes across the city, representing a vast spectrum of the community including, but not limited to, families
with young children. individuals living on benefits, those struggling with cycles of addiction or mental health issues. the
homeless. refugees and asylum seekers.
bl Alongside the practical provision we sought to develop healthy, positive community within our service users and
volunteers and the wider Belfast community through facilitating some relational based environments such as art and
pottery groups. guitar classes. football, baking, photography and filmography. English classes and much more. We
continue to run our weekly Wednesday morning breakfast drop in space, providing both a hot breakfast and a space
of positive community to over 60 guests every week. Throughout the year we have had the joy of welcoming a trained
advice agent into our breakfast space. providing bespoke advice to those in need around issues of housing and
benefits. This year also saw us place our first licensees into accommodation Ihrough our partnership with Hope into
Action, a UK based national charity, helping to empower churches to house the homeless. Two licensees were placed
in our first house and investment was found for our second house which finished the financial year with one licensee
housed and another preparing to move in. To facilitale the ongoing growth of the work of Storehouse we hired a new
part-time Warehouse c{￿OrdInatOr and finished the year having appointed a new Operations Lead.
Throughout the year we have continued to speak in many of our 80+ partner churches, schools and businesses.
sharing about the work of Storehouse and more importantly speaking to perceptions of local poverty issues and
inviting 100's into ongoing conversations about the challenges facing our communities. We have offered training to
our amazing team of 150+ volunteers in areas such as health and safety. safeguarding. first aid. food hygiene. suicide
awareness. understanding the benefil and asylum systems and much more. We have facilitated learning placements
for college and university students as well. We continue to seek a better understanding for all, across the
Socio-economic divides within our city.
Structure, Governance and Management
Structure
Storehouse (Nll is a company limited by guarantèe as well as a registered charity, in which the company direclors
form the board of Trustees. The liability of each Trustee in the event of a winding up is limited to £1. The day to day
running is delegaled to the employed staff.
New Trustees are appointed when appropriate. Suitable candidales are considered on the basis of their skills,
experience and sympathy with the aims of the charity- New Trustees have the opportunily of reviewing appropriate
documents, including the accounts, as part of the induction process.
Financial Review
The results for the financial year are set out on page 9 and additional notes are provided showing income and
expenditure in greater detail.

Storehouse (Nl)
(A Company Ilmltèd by guarant••, not havlng a share capital)
TRUSTEES, ANNUAL REPORT
forthe financial year ended 31 August 2024
Financial Results
At the end of the financial year the charity has assets of £218,389 {2023 £264,982) and liabilities of £3,158 (2023 -
£3,095). The nel assets of the charity have decreased by £(46,656).
Reserves Position and Policy
Investment Powers and Policy
The constitution of Storehouse {Nl) authorises the Trustees to make and hold investments using ils fund5. Cash
balances are curréntly held with the Cooperative Bank plc. The Trusteés. with regard to th8 liquidity requirements of
the organisation, have operated a policy of keeping funds within interest bearing accounts.
Reserves Policy
The Trustees who served in this period have undertaken the work of the charity, identified the major risks lo which the
charity is exposed and are satisfied that all appropriate policies are in place to mitigate these risks. Storehouse (Nll
maintains reserves in order to cover fluctU8tions in income and expenditure, to allow for any major unexpected
expenditure or to mitigate any decline in the overall financial environment.
Trustees
The Iruslees who served throughout the financial year, excepl as noled, were as follows..
Rev Andrew Textor Smith
Michael Humphreys (Appointed 1 May 20241
Cheryl Victoria Jenkins (Appointed 2 July 2024)
Lynda Mary Gould (Appointed 2 July 2024)
Alan Roye Carson
Timothy Mairs (Resigned 26 November 20241
In accordance with the Constitution, the truslees retire by rotation and. being eligible. offer themselves for re-election.
Compllan¢e wlth Sector-wide Leglslation and Standards
The charity engages prfractively with legislation. standards and codes which are developed for the sector.
storehouse (Nll subscribes to and is compliant with the following:
The Companies Act 2006
The Charities SORP IFRS 1021
Risk Managernent
The systems of internal control are designed to provide reasonable, but not absolute, assurance against material
misstatement or loss. They include:
(a) An annual budget approved by the Trustees
(b) Regular review by the Trustees of financial reports
(cl Identification and management of risk
Approved by the Board of Trustees on 23 May 2025 and slgned on its behalf by:
Rev Andrew Textor Smith
Trustee
Mlchael Humphreys
Trus
Cheryl Victoria Jenkins
Trustee
Lynda Mary Gould
Trustee

Storehouse (Nl)
IA company limited by guarant••, not havlng a shar• ¢apitsl)
STATEMENT OF TRUSTEES, RESPONSIBILITIES
for the financial year ended 31 August 2024
The trustees, who are also directors of Storehouse INI) for the pU￿oseS of company law. are responsible for
preparing the financial statements in accordance with applicable law and regulations.
Company law requires the trustees as the directors to prepare financial statements lor each financial year. Under that
law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law} including FRS102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" Under company law the trustees must not
approve the financial statements unless they are salisfied that they give a true and fair view of the stale of affairs of
the charity and of the net income or expenditure of the charity for that period.
In preparing these financial statements. the trustees are required to..
select suitable accounting policies and apply them consistently.,
make judgements and estimates that are reasonable and prudent.,
state whether the financial statements have been prepared in accordance with the relevant financial reporting
framework, identify those standards, and note the effect and the reasons for any material departure from those
standards., and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charily
will continue in operation.
The trustees confirm that they have complied with the above requirements in preparing the financial stslements.
The Iruslees are responsible for keeping adequate accounting records that are sufficient to show and explain the
charity's transactions and disclose with reasonable accuracy at any lime the financial position of the charity and
enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible
for safeguarding the assets of the charity and hence for laking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by the Board of Trustees on 23 May 2025 and signed on Its behalf by:
Rev Andrew Textor Smith
Trustee
Michael Humphreys
Trustee
yJ-
Cheryl Vlctoria Jenkins
Trustee
Lynda Mary Gould
Trustee

Storehouse (Nl)
(A company limlted by guarantee, not having a share capital)
INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES
OF STOREHOUSE (NI)
I have examined the financial statements of the charity for the financial year ended 31 August 2024. which comprise
the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and the
related notes.
This report is made solely lo the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. My work has been undertaken so that I might compile the financial statements that I have been
engaged to compile, report to the Board of Trustees that I have done so, and state those matters that I have agreed to
state to Ihem in this report and for no other purpose. To the fullest exteni permitted by law, I do not accept or assume
responsibility to anyone other than the charity and the charity's members, as a body, for my work, or for this report.
Respective responsibilities of trustees and examiner
The charity's trustees (who are also the directors of the company for the purposes of company law) are responsible
for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The
charity's trustees consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the
Companies Act 2006 and that an independent examination is required.
It is my responsibility to:
examine the financial statements under section 65 of the Charities Act.,
follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland
under section 65{9){b) of Ihe Charities Act; and
stale whether particular matters have come to my attention.
Basis of independent examiner's report
I have examined your charity financial statements as required under section 65 of the Charities Act and my
examination was carried out in accordance with the general Directions given by the Charity Commission for Northern
Ireland under section 65{9}{b} of the Charities Act. An examination includes a review of the accounting records kept
by the charity and a comparison of the financial statements presented with Ihose records. It also includes
consideration of any unusual items or disclosures in Ihe financial statements and seeking explanations from Ihe
trustees concerning any such matters. The procedures undertaken do nol provide all the evidence that would be
required in an audit and consequently no opinion is given as to whether the accounts present a 'lrue and fair, view
and the report is limited to those matters set out in the statement below.
In connection with my examination, no matter has come to my attention which gives me cause to believe that in, any
material respect:
accounting records were not kept in accordance with seclion 386 of the Companies Act 2006
the financial statements do not accord with those accounting records
the financial staternents have not been prepared in accordance with the accounting requirements of section 396 of
the Companies Act 2006 and with the methods and principles of the 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 IFRS102)
there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
I have no concerns and have come across no other matters in connection wilh the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial slatemenls to be reached.
Elizabeth Chambers
MCCLEARY & COMPANY LTD
Chartered Accountants
Garvey Studios
14 Longstone Street
Lisburn
Co Antrim
BT28 1TP
Date: 23 May 2025

Storehouse (Nl)
IA company limited by guarantèe, not havlng a Share ¢apitall
STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating an Income and Expenditure Account)
for the financial year ended 31 August 2024
Unrestri¢ted Restrlcted
Funds
Funds
2024
2024
Total Unrestricted Restricted
Funds
Funds
Funds
2024
2023
2023
Total
Funds
2023
Notes
Income
Donatrons and legacies
Investments
Other income
380,884
729
35,675
416,559
729
435,337
176
4,000
31,106
466,443
176
4,000
Total Income
381,613
35,675
417,288
439,513
31,106
470,619
Expendlture
Raising funds
Charitable activities
76,269
335,305
1,668
50,702
77,937
386,007
67.207
352,075
67,207
371,515
19,440
Total Expenditure
411,574
52,370
463,944
419,282
19,440
438,722
Net In¢omel{expenditure)
(29,961)
(16,695)
(46,656}
20,231
11,666
31,897
Transfers be￿een fvnds
(30,258)
30,258
{16.7891
16,789
Net movement In funds for
the financial year
(60,2191
13,563
(46,656)
3,442
28,455
31.897
Reconciliation of funds:
Total funds beginning of the
year
14
216.110
45,777
261,887
212.668
17,322
229.990
Totsl funds at the end of
the year
155,891
59,340
215.231
216,110
45,777
261,887
The Statement of Financial Activities includes all gains and losses recognised in the financial year.
All income and expenditure relate to continuing activities.
The notes on pages 11 to 16 form part of the financ18151atements

Storehouse (Nl)
IA company limited by guarante8, not having a sharo capital)
Company Number.. N1602795
BALANCE SHEET
as at 31 August 2024
2024
2023
Notes
Flxed Assets
Tangible assets
59,682
57,367
Current Assets
Debtors
Cash at bank and in hand
10
3,181
155,526
2,112
205,503
158,707
207.615
Creditors: Amounts falling due withln one year
11
(3,158)
{3,095)
Net Current Assets
155,549
204,520
Total Assets less Current Liabilities
215,231
261,887
Funds
Restricted funds
General fund (unreslricled)
59,340
155,891
45,777
216,110
Total funds
14
215,231
261,887
These financial slatements have been prepared in accordance with the special provisions relating to small companies
within Part 15 ofthe Companies Act 2006.
For the financial year ended 31 August 2024 the charity was entitled to exemption from audit under section 477 of the
Companies Act 2006,. and no notice has been deposited under section 476.
The trustees confirm that the members have not required the company to obtain an audit of its financial statements for
the financial year in question in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply
with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of th6
charity as al the end of the financial year and of ils profit and loss for the financial year in accordance with the
requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006
relating io financial slatements, so far as applicable to the charity.
Approved by the Board of Trustees and authorised for issue on 23 May 2025 and signed on Its behalf by
Rev Andrew Textor Smith
Tru
Michael Humphreys
Tru
tee
Cheryl Victoria Jenkins
Trustee
Lynda Mary Gould
Trustee
The notes on pages 11 10 16 form part of the financial ststements
10

Storehouse (Nl)
IA company limited by guarantee, not havlng a Share ¢apltal)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 August 2024
GENERAL INFORMATION
Storehouse INI) is a company limited by guarantee incorporated in Northern Ireland. The registered office of
the charily is 1 st Floor Temple Court, 39 North Street, Belfast, Co. Anlrim. B T1 1 NA which is also the principal
place of business of the charity. The financial statements have been presented in Pound {£) which is also the
functional currency of the charity.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are considered
material in relation lo the charity's financial statements.
Basls of preparatlon
The financial statements of the charity, which is a public benefil entity under FRS 102. have been prepared on
the going concern basis under the historical cost convention, modified to include ￿rtain items at fair value.
The financial statements have been prepared in accordance with the Stalement of Recommended Practice
(SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland FRS 102"
As permitted by the Companies Act 2006, the charity has varied the standard fomials in that acl for the
Statement of Financial Activities and the Balan￿ Sheet. Departures from the standard formats are to comply
with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that
SORP.
Statement of compliance
The financial slatements of the charily for the financial year ended 31 Augusl 2024 have been prepared on
the going concern basis and in accordance with the Statement of Recommended Practice ISORP}
'Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Slandard applicable in the UK and Republic of Ireland FRS 102".
Cash flow statement
The charity has availed of the exemption in FRS 102 from the requirement to produce a cash flow statement
because it is classified as a small charity.
Fund accounting
The following are the categories of funds maintained..
Reslrl¢ted funds
Restricted fvnds represent income received which can only be used for particular purposes, as specified by
the donors. Such purposes are within the overall objectives of the charily.
Unrestricted funds
Unrestricted funds consist of General and Designaled funds.
General funds represent amounts which are expendable at the discretion of the board, in furtherance ()f the
objectives of the Gharity.
Designated funds comprise unrestricted funds that the board has. at its discretion, sel aside for particular
purposes. These designations have an administrative purpose only. and do not legally restrict the board's
disGretion to apply the fund.
Income
Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally
entitled to the income, performance conditions attached to the item(s) of income have been met. the amounts
involved can be measured with sufficient reliability and it is probable that the income will be received by the
charity.
Income from charitable activities
Income from charitable activities include income earned from the supply of services under contractual
arrangements and from performance related grants which have conditions that specify the provision of
particular services to be provided by the charity. Income from government and other co-funders is recognised
when the charity is legally entitled to the income because it is fulfilling the conditions contained in the related
funding agreements. Where a grant is received in advance. its recognition is deferred and included in
creditors. Where entitlement occurs before income is received, it 15 accrued in debtors.
11

continued
Storehouse {Nl)
IA company limited by guarantee. not having a share Capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 August 2024
Expenditure
Expendilure is analysed be￿een costs of charitable activilies and raising funds. The cosls of each activity are
separately accumulated and disclosed, and analysed according to their major components. Expenditure is
recognised when a legal or constructive obligation exists as a result of a past event. a transfer of economic
benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs
are those functions that assist the work of the charity but cannot be attributed to one activity. Such costs are
allocated to activities in proportion to staff time spent or other suitable measure for each aclivily.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or at valuation, less accumulaled depreciation. The charge to
depreciation is calculated lo write off the original cost or valuation of tangible fixed assets, less their estimated
residual value. over their expected useful lives as follows..
Improvements to property
Fixtures, fittings and equipment
Motor vehicles
Computer equipment
40/0 Reducing Balance
25% Reducing Balance
200 Reducing Balance
250/0 Reducing Balance
Debtors
Debtors are recognised al the settlement amount due after any discount offered. Prepayments are valued at
the amount prepaid net of any trade discounts due. Income recognised by the charity from government
agencies and other co-funders, bul not yet received at financial year end. is included in debtors.
Taxation
No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable
valued added tax is expensed as incurred.
Pensions
The charity operates a defined contribution pension scheme for employees. The assets of the scheme ar8
held separately from those of the charity. Annual contributions payable to Ihe charity's pension scheme are
charged to Ihe income and expenditure account in Ihe period to which they relate
INCOME
DONATIONS AND LEGACIES
Unrestricted Restricted
Funds
Funds
2024
2023
Donations
Gift aid
Donated goods
Grants
242.646
22,857
115.381
12.123
254,769
22.857
115,381
23.552
287.591
20,177
158.675
23,552
380.884
35,675
416,559
466,443
INVESTMENTS
Unrestricted Restricted
Funds
Funds
2024
2023
Deposit account interest
729
729
176
OTHER INCOME
Unrestricted Restricted
Funds
Funds
2024
2023
Rent received
4.000
12

continued
Storehouse {Nl)
IA company Ilmited by guarantee. not having a share capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 August 2024
EXPENDITURE
RAISING FUNDS
Dlrect
Costs
Other
Costs
Support
Costs
2024
2023
Raising funds
77,937
77,937
67.207
CHARITABLE ACTIVITIES
Dlrect
Costs
Other
Costs
Support
Costs
2024
2023
Expenditure on charitable activites
380,141
5,866
386,007
371,515
SUPPORT COSTS
Charitable
Activities
2024
2023
Independent Examiner's Fee
Volunteer Costs
1,336
4,530
1.336
4,530
1,248
5,091
5,866
5,866
6,339
ANALYSIS OF SUPPORT COSTS
Basis of
Apportionment
2024
2023
Independent Examiner's Fee
Volunteer Costs
100Q/.
100%
1,336
4,530
1,248
5,091
5,866
6,339
NET INCOME
2024
2023
Net Income is stated after chargingl(crediting):
Depreciation of tangible assets
Independent Examiner's remuneralion..
independent examination services
10,064
4.101
1,336
1.248
INVESTMENT AND OTHER INCOME
2024
2023
Sundry income
Bank inlerest
4.000
176
729
729
4,176
13

continued
Storehouse (Nl)
{A company Ilmited by guarantee, not having a share capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 August 2024
EMPLOYEES AND REMUNERATION
Numbor of employees
The average number of persons employed (including executive trustees) during the financial year was as
follows:
2024
Number
2023
Number
Management and Admin
The staff costs comprise..
2024
2023
Wages and salaries
Social security costs
Pension costs
125,919
3,779
4.732
93,533
3,720
3,787
134.430
101,040
No employees received emoluments in excess of £60,000.
TANGIBLE FIXED ASSETS
Improvement
Fixtures,
Motor
Computer
equipment
Total
to property fittings and
equipment
vehicles
Cost
Al 1 September 2023
Additions
21,612
21,016
10.136
28,440
4,732
2,243
75,800
12.379
At 31 August 2024
21.612
31,152
28.440
6,975
88.179
Depreclation
At 1 September 2023
Charge for the financial year
792
833
10,319
3,739
5,352
4,618
1.970
874
18.433
10.064
At 31 August 2024
1.625
14,058
9,970
2,844
28.497
Net book value
At 31 August 2024
19,987
17.094
18,470
4,131
59.682
At 31 August 2023
20,820
10,697
23.088
2.762
57.367
10.
DEBTORS
2024
2023
Olher debtors
3,181
2.112
3,181
2.112
11.
CREDITORS
Amounts falling due within one year
2024
2023
Other creditor5
Accruals and deferred income
1,848
1,310
1,849
1,246
3,158
3,095
14

continued
Storehouse (Nl)
IA company limited by guarantee, not havlng a share capltal}
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 August 2024
12.
PENSION COSTS - DEFINED CONTRIBUTION
The charity operales a defined contribution pension scheme. The assets of the scheme are held separately
from those of the charity in an independent]y administered fund. Pension costs amounted lo £4,732 {2023 -
£3,787).
13.
RESERVES
2024
2023
At the beginning of the year
(Deficit)ISurplus for the financial year
261,887
{46.6561
229.990
31,897
At the end ofthe year
215.231
261,887
14.
FUNDS
14.1 RECONCILIATION OF MOVEMENT IN FUNDS
Unrestricted Restricted
Funds
Funds
Total
Funds
At 1 September 2022
Movement during the financial year
212,668
3,442
17,322
28,455
229.990
31,897
At 31 August 2023
Movement during the financial year
216,110
(60.219)
45,777
13,563
261,887
(46,656}
At 31 August 2024
155,891
59,340
215,231
14.2 ANALYSIS OF MOVEMENTS ON FUNDS
Balance
1 September
2023
Income Expendlture
Transfers
between
funds
Balance
31 August
2024
Restricted funds
Change The Lens
Storehouse Refurbishment
Van Purchase
Social Supermarket
Energy Support
Hope Into Action
2.061
23,066
20.650
425
1.396
4,130
21.052
1,668
23,699
1.636
21,670
16.520
21.052
2.500
12.123
832
18,682
30.258
45,777
35,675
52.370
30,258
59.340
Unrestricted funds
Unrestricted General
216,110
381,613
411,574
(30.258)
155.891
Total funds
261,887
417,288
463.944
215,231
14.3 ANALYSIS OF NET ASSETS BY FUND
Fixed
assets
charity use
Current
assets
Current
Ilabilities
Total
Restricted funds
44,773
14,567
59,340
Unrestricted general funds
14.909
144,140
(3,158)
155,891
59,682
158,707
(3,1581
215,231
15

continued
Storehouse (Nl)
IA eompany limited by guarantee, not having a share capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 August 2024
15.
STATUS
The charity is a company limited by guarantee not having a share capital.
The liability of the members is limited.
Evéry member of the company undertakes to contribute to the assets of the company in the event of its being
wound up while they are members, or within one financial year thereafter. for the payment of the debts and
liabilities of the company contracted before Ihey ceased to be members, and the costs, charges and expenses
of winding up, and for the adjustment of the rights of the contributors among themselves. such amounl as may
be required, not exceeding £ 1.
16.
TRUSTEES. REMUNERATION
There were no trustees. remuneration or other benefits for the year ended 31 August 2024 nor for the year
ended 31 August 2023.
There were no trustees. expenses paid for the year ended 31 August 2024 nor for the year ended 31 August
2023.
17.
RELATED PARTY TRANSACTIONS
Payments to the staff pension scheme are made by Belfasl City Vineyard Church. Payment is then transferred
from Storehouse INI) lo Belfast City Vineyard Church. At 31 August 2024 £1.848 (2023.- £1,849) was owed to
Belfast City Vineyard Church in relation lo pensions paid.
Alan Carson and Andrew Smith are Trustees of both Storehouse {Nl) and Belfast City Vineyard Church.
18.
POST-BALANCE SHEET EVENTS
There have been no significant events affecting the Charity since Ihe financial year-end.
16

STOREHOUSE
Nl
(A ¢ompany limited by guarantee. not havlng a $har¢ ¢apltsll
SUPPLEMENTARY INFORMATION
RELATING TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
17

Storehouse (Nl)
IA company limited by guarant80, not havlng a share ¢apltall
SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
Operating Statement
for the financial year ended 31 August 2024
2024
2023
In¢ome
Donations
Gift Aid
Donated goods
Grants
254,769
22.857
115,381
23,552
287.591
20.177
158,675
416,559
466,443
Cost of generaling funds
Overheads and production costs
77,937
67,207
77,937
67,207
Gross surplus
338,622
399,236
Expenses
Wages and salaries
Social securily costs
Staff defined contribution pension costs
Operational costs
Volunteer costs
Independenl Examinerfs remuneration
Subscriptions and donations
Depreciation
Charitsble donations
125,919
3,779
4,732
120.266
4,530
1,336
93.533
3.720
3,787
101.008
5,091
1.248
352
4.101
158,675
10,064
115,381
386,007
371.515
Miscellaneous income
Sundry income
Bank interest
4,000
176
729
729
4,176
Net (deficit)Isurplus
146.6561
31.897
The supplementary information does not fomi part of the financial statements
18