Company Règl$tratSon Number.. N1602795 harity Number.. 102175 Storehouse INI) IA company limited by guarantee, not havlng 3 share capltall Annual Report and Unaudited Financial Statements for the financial year ended 31 August 2025
Storehouse (Nl) IA cornpany limlted by guarantse, not having a Share capital) CONTENTS Page Trustees. and Other Infomiation Trustees, Annual Report Slaternenl of Trustees. Responsibilities Independent Examiner's Report St*ement of Financial Activities Balance Sheet 10 Notes to the Financial Stst8m8nls Supplementary Information relating to the Financial Statements 18
Storehouse {Nll IA company limited by guarantee, not havlng a share ¢apltall TRUSTEES. AND OTHER INFORMATION Trustees Rev Andrew Texior Stnith Michael Hurnphieys Cheryl Vicloriz Jenkins Lynda Mary G(yJld Alan Roye Carson Timothy Mairs IRe5igneLt 26 November 20241 Charity Number Èn Northern Ireland 102175 Company Reglstratlon Nymber N1602795 Registered Offlce 1st Floor Temple Court 39 North Street Belfast Co. Anlritn BT1 1NA Independent Examiner Mccleary & Cornpany Ltd Chartered A¢¢ounlants Garvey Studios 14 Longstone Street Co Antrim BT28 1TP Principal Bankers The Co-operative Bank PO Box 101 Balloon Street ManchÈsler M604EP
Storehouse (Nll IA company IlmitÈd by guarantee. not having a share ¢apitall TRUSTEES. ANNUAL REPORT for the financial year ended 31 August 2025 The trustees present their Trustees, Annual Reporl cornbining the Director5, Report and Trustees, Report, the unaudited finaneial staternenls for the finanual year ended 31 August 2025. The financial s13t8menls are prepared in accordanc8 With the CoTnpani85 Act 2006, FRS 102'The Financial Reporting Standard applicab18 In the UK and Republic of Ireland" and Accounting and Reportiny by Chariti&s'. Staternenl of Recommended Practice applicable lo charitie5 pr8paring their fin3noal stal8menls in a¢cordance with th8 Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021. The Trustees, Report contains the inforrnation required lo be piovid8d in the Trustees. Annual Report under the ststefflent of Recommended Practlce ISORPI guidelines. The trustee5 of the chanty are also charity Iru51ees for the purpose of charity law and under the char51y's constitution are known as mernb8rs of Ihe board of trustee5. In this report the Iruslees of Storehouse INI) present a summary of it8 purpose, governance, acliviti8s. achievements and finances for the financial year 31 August 2025. The charity is a registered charity and hence the report and results ar8 presented In a fortn which cornplie$ with the requirements of the Companies Act 201K and, although not obliged to comply ty1h the Statement of Recommended Practice applicAble in the UK and Republic of Ireland FRS 102. the organi5ation has implemented ils recommendations where relevant in these financial ststements. Mission. Objectives and Strategy Mission Statement To clevelop communities Ihal ¢09]15e the &grrificanc8 In everyone. We COgnISe that poverty of any kind often steals self-worth and value. driwng people towards isolation and stripping away dignity and Individual significance. We bejieve Ihal, by both meeting praciical needs through provision and developing positive cotnrnunily enVIrments. these patterns can be reversed and dignity. significCe and hope can b8 restored leading to indiwdual and communtly de flourishing. Our Objective5 and Alms Our aitn in Storehouse INI) is to combat physical PDvety and devebp heallhy, positive communities throughout the Greater 8elfa5t Area. We do this, for the publc benefit. through cAJr hvo objectives.. lal To relleve flnan¢lal hardship and poverty 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 dlre¢t benefits whlfjh Ilow from this purpose Include irnprovement of health. reductlon of anxiety and stres$ associated wlth a poverty lifestyle. These benefits can be demonstrated by feedbaGk frorn referring partner agencies. continued monitoring of service user clrcum$tanGes and ongoing evaluatlon of ourservice delivery. IblTo benefit the resldents of the Greater Belfast Area and beyondwlthout dlstinction of sex, sexual orleTrtatron, race or of political, religlous or other opinions by associating together the said residents and the local authorities. voluntary and otherorganisations in a common effortto advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of irnproving the conditions of life for the residents. The direct benefits which Ilow from this purpose Include increased understanding and awareness of local poverty issues, reductltsn in poverty driven isolation and an increase rn opportunity for soGial Interaction. These benefits Gan be dernonstrated by provtsion of educational presentations in schoo15, churches etc., ongoing traSnlng ol volunteer5 and provlsion of fo¢llltles for rnultiple $oclal and educational programme$ ran by ourselves and thlrd party organi5ations. Who do we beneflt? The charity's beneficiaries are Ihose Ilving within the Greater Belfast Area lacking the ability to rmvide theTnselves with the basic e3sential$ of life as referred to us by our partner5 th05e in reipL of an increased awarenBSS of local poverty i55U8s through our educational presentations and training sessions. How do we miligate harm? The purpose5 of the charity may lead to harm by producing an over dependency on charitzble provision however through ongDing Fnonitoring of individual sèrvice user acce55 this llsk of h8rm is oUeohed by the b8n8fits.
Storehouse (Nll IA company lirnited by guarantee, not having a share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 August 2025 Background Launched in 2008, a5 a project of Belfast City Vineyard Church, Storehouse had a very simple aim., to eunbat food poverty throu9houl Ihe Greaier Belfast area. working toward5 the day when no one in our city should hav8 lo go hungry. Since then. the project ha5 ev0ed with Storehouse INI) being established in 2010 and the focus broadening lo encotnpa5s other basic need5 such as clothes. fumiture and hou5ehdd go5. Today Storehouse is providing around 150 food parcels. Seeing 200 referrals in our centre, and making around 10 furrlure deliveries every week. We partner with over 200 charities and agencies across the city and WOFk along5id& rnorg than 70 chUrCs, sthools. and businesses. How did w8 do? In th8 year ending 31st August 2025 Storeh$@ INII continued lo grow in influence within the Greater Belfasl Area and ovided a significant service lo those living in circurnstances of poverty and finan(xal, relational or emotional h8rd8hip. We delivered our objectNes in the following ways 81 We continue to run seven provision sessions throughout the week, 51 weeks in the year, staffed by an amazing volunteer team. Four of these are open sessions where we're abl? to welcome new referrals. as well as run 8ppoinlm8nls for existing 38rvic8 users. The other thr88 sessions are appointment only for existiro Serwce Users. Within these sessions we had roughly 6000 visits lo our fo 8hop, where we were able to provid? over 110,000 ilems of food and ioilelries io tho88 in need. On top of that we were ab18 to supply almost 12,000 items of clothing and deliver over 370 items of fumiture to families and individuals living within poverty throughout 8elfa51. The value of the goods given, without charge lo the individuals served, is estimated lo b8 ar(yJnd £154.000. We provided this practical help to almost 1500 unigue homes acr05S the city, repr85enting a vast spectrutn of the coTnrTTunity including, but not lirnited lo. farnilies with young children. Individuals living on benefits, those struggling with cycles of addidion or mental health issues, IhÈ homeless, refvgÈÈs and sylum seekers. bl Alongside th8 praclical provision WÈ sought to develop heallhy, positive communily within our service users and volunteers and the wder BeKast community through facilitsting some relational based environments Such a5 art and pottery groups. guitsr dasse5, football. baking, photography and filmography, English clas5e5 and much fflore. We continue to run ourweekly Wednesday morning breakfast drop in spa. providing both a hol breakfast and a space of p051tNe comrnunity to over 80 guests every week. Throughout the yearwe have had the joy of wdcorning a Irainod advice agent into our breakfast space. providing bespokÈ *vire 10 those in need around issues of housing and benefits. We ¢tinUe to run our Hope Into Acbon housing project, with o houses open providing a0mMOdatson frjr 4 tenants. all whom havè expÈrien¢ed some degree of hom8lÈssness. E8ch ien8nl 8ngag8S With our Ernpow8rmentworkerworking on a personal d8v8lopm8nt pL8n. Throughout the year we have ntInued to speak in many of our BO+ partner churches, sthools and businesses, sharing about th8 work of Storehous8 and more importantly speaking to perceptions of bcal poverty issues and invitiry 100's into ongoing conversations a)outthe challenges facing ourcornrnunities. We have offered Iraining to our amazing learn of 150+ volunteer5 in area5 such a5 health and safety, safeguarding, ritsi aid. food hygiene. Suicide awareness. understanding the benefit and asylum system5 and much tnore. We have facilitated learning placernenls for college and university students a5 well. We continue to seek 8 better understaridiDg for all, acr05S the sociGOn0r1C divides wilhin our cily. Structure, Governanc8 and Managern8nt Structure Storehouse INI) 15 a CQTnpany limited by guarantee as well as a gISted charity, in which the ¢ompatTy directors fortn the ard of Twstees. The liability of each Trustee in the event of a winding up is limited 10 £1. The day to day running is delegated to the eTnployed staff. New Trustees are appointed when appropriate. Suitable candidates are considered the basi5 01 iheir skill5. experlence and syrnpalhy with the alFns of the charity. New Trustees have the opportunity of vIeWIng approprfale docurnenls, including the accounts, as part of the induction proces5. Flnan¢lal Revi The re5uIt5 for the financial year are Set out on page 9 and additional notes are provided shimng inEorne arvj 8xpenditure in greater detail. Financial Results Al the end of the financial year the charity has assets of £193,701 12024 £218,3891 and liabilits8s of £1.41512024 £3.1581. The net assets of the charity have decreased by £122,9451.
Storehouse INI) IA company limitèd by guarantee, not having a shar• ¢pltall TRUSTEES. ANNUAL REPORT lor the financial year ended 31 August 2025 Reserves Policy Inv8Stm8nt Powers and Policy The constitution of storehouse INI) 8ulhori8es the TnJstees to make and hdd investments using its funds Cash balances are Currently held with the Cooperative Bank plc. and the Charity Bank Lirnit&d. Th8 Trustees. wrth gard to the liquidity requirement5 of the organisalion. have opera18d a pDli¢y of keeping funds within int8r8s1 bearing accounts. The Truste85 who served In thi5 period have undertaken the work of th8 tharily, Identified thg rnajor risks to which the ch8rity is exposed 3nd are satisfi8cS that all appropriate polici85 ar8 in place to tnitigale th8S8 risks. Slorehou5e INI) maintains serveS in order to cover fluctuations in incorne and expEnditur&. to allow for any major unexpgcl8d expendilure or lo mitigate any decline in the overall finanaal Ènvironment. Trustees The trustees who served throughDUt Ihe financial year, expt as noted. were as follows.. Rev Andrew TeKlor Smith Mich2el HuMphY$ Cheryl Victoria Jenkin5 Lynda Mary Gould Alan Roye Carson Timothy Mairs IResigned 26 Nk)vember 20241 In accordance with the Constrtuth'on, the trustees retire by r(ats'on and, being 81igible. offer Ihernselves for r&-election. Compliance with Sector-wlde LegÈ51ation and Standard$ The Charity engages pro-actively with legislation, standards and codes which are dev81oped for the sector. Siorghous8 INI) subscftbes lo and is cornplianl with the following.. The Cotnpanie5 Act 2006 The Charitie5 SORP IFRS 1021 Risk Management The systems of intemal control are d8signed to provide reasonable. but not absolute, assuran against mat8ri81 misstalement or loss. They include.. lal An annual budget approv8d by Ihe Trustees Ibl Regular review by the Trustees of financial PortS 1¢) IdenlifiGatioTI and rnanagemenl of ri4k Approved by the Board of Trustees on 21 April 2026 and signed on its b¢half by: Mr Alan Carson Trustee
Storehouse (Nl) IA company limitpd by guarantèe. nEbt having a share ¢apitall STATEMENT OF TRUSTEES. RESPONSIBILITIES ror the finanaal year ended 31 August 2025 The trustees, who are also directors of Slorehou5e INI) for the purp08es of ¢ompany18w, a responsible for preparing the financial staternenls in accordance with applicable law and regulations. Cotnpany law requires the IrusteÈ8 as the directors to prepar8 finawial stalern8nts for each financial year. Under that law the trusiees have e18Cted lo prepare the financial slalem8nts in aGcDrdance with United Kingdom Gènerally Accepted Accounting Practice (United Kingdom Atcounling Standards and applicable lawl Including FRS102 'The Financial Reporting Standard applicable In the UK and Republic of Ir&lanO" Under comp8ny law the trustees musl not appiove the finan¢ial statements unless Ihey are satisfied that they give H true and fair view ol the stst8 ofaffairs of the chaTlty and of the net Income or Èxpenditure of the charity for thal period. In preparing these financial statements. the trustees arè required lo.. select suitable accounting poliries and apply Iheffl consistenuy.. ake jvdgernents and estimates that ar8 reasollable and prudent". stale whether the financial slalemenls h8v8 been prepared In a¢cordanc& witr the levant fin8nual pOrting rramework. identify those $tanéard& and note the effect and the reasons for any material departure from Ihose standards.. and prepare the finallcial statements on th8 goiro concem basis unless il is inappropriate to presume that Ihe charity will continue In operation. The trusiees Confirm that they have complied with the above requtrements in preparing the statements. The trustees are re5wnsible for keeping adequate accounting records that are sufficient lo show and explain the charity's transaction5 and disclose with reasonable aecuracy al any lirne the financial position of the charity and 8nalSe them to ensure that the financial slaternents comply with the Companies Act 2Q06. They are also responsible for safeguarding the 88sels of the charity and hence for taking reasonable steps for the prevention and detecti of fraud and other irregularities. Approved by the Board of Trustees on 21 April 2026 and signed on its behalf by.. Mr Alan Carson Trustee
storehouse (Nl) IA fE>mpany limited by guarantee. not having a share capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF STOREHOUSE (NI) I have eKarnined the financial statements of the charity foT the financial year ended 31 August 2025, whith cDmpri5e Ihe Slalernenl of Financial Activities (incorporating an Income and Expenditure Account). the Balance Sheet and the related nol88. Thi5 reportis made solely io the charity's members, as a dy. in accordanTrwith Chèpler3 of Part 16 Dfthe CDmpanie5 Ad 2(6. My work has been underiaken 50 that I might compile the financial statements that I have been engaged lo ¢ompile. report lo the 8oard of Trusteos that I have rjone 50. slate those tnatters that I have agreed to slaie to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accèpt or assume responsibility to anyone other than the charity and the ch3rity's members, 8s a ts*y, fL)r tny work. or for this reporL Rpspective sponS[bil$tIes of twstee5 and examiner The charity'8 Ituslees (who are also the dir&ctors of the company foi the purposes of company lawl are responsible for the preparation of th8 financial statements in accordance with the requirern8Trls of the Comp8nies A¢1 2006. The charity's Iwslees consider that an audit is not required forlhis financial year under Chapter3 of Part 16 of the CoTnpanie5 Act 2006 and that an indepèndent examin8ts'Dn is required. It is my responsibilty to.. examine the financial statements under s8Ction 65 of the Charities Act.. follow the pro¢e(JuTe5 down by the general Thre¢tsons given by the Charity Commission for Northem Ireland under Section 8519llbl of the Charitie5 Acl., and state whether partScular matters have come lo my attention. Basis of independent examiner's report I h8ve exarnined your ¢harity financial statements as required under section 65 of the Charities Act and my examination w88 tarried out in accordance with the goneol Directions given by the Charity Commission for Northem Ireland under s8cb.on 6519llbl of the Charities Act. An examin3tion includes 8 review of the accountin9 records kept by the charity and a comparison of the finantial stalernents presented with tho88 records. Italso includes consi(Seralion of any unusual itetns or disclosures in the financial statements and seeking explanations from the trustees concerning any such tnatter5. Th8 prosedure5 undertaken ijo notprDvide all the evidence Ihatwould be required in an audit and consequently D opinion is given a5 to whether the accounts present a 'true and fairf view and the r8POrt i8 limited to those matters set out in the statement below. In connection with my examination, no rnattèr has corne to my attentlon which gives me cause to beIve that in. any mat8rial respecl.. accounting record5 were not kept in accordance with sgction 388 of the Companies Act 2CQ6 the financijl stalernenls do not aGcord with those aGoounting records the financial ststements have not been prepared in accordance the accounting reqUients of Section 396 01 the Companie5 Act 2006 and with the methods and principles ofthe Statement of Recommended Practice applicable to charities preparing th8ir aOUnts in accordance with the Financial Reporting Standard applicable in the UK Republic of Ireland IFRS1021 there is further inforrnation needed for a proper understsndlng of th8 accounts to be reached. Independent exarniner's statement I have no concerns and have come across no other malters in Connection with the examination to which allenlion shoukl be drawn in this report in orderto enable a prLyer understanding of th8 financial statements to be reached. John Mccleary MCCLEARY & COMPANY LTD Chartered Accountsnls & Registered Audltors GaNey Studios 14 Longstone Street sburn Co Antrin BT28 1TP Date= 21 April 2026
Storehouse {Nl) IA company limited by guarantee, not having a Share capitall STATEMENT OF FINANCIAL ACTIVITIES Ilncoiporating IDBome and Expendltur? Accountl for the financi81 year ended 31 August 2025 Unrestricted RestrlctÉd Funds Funds 2025 2025 Total Unreslricled Restricted Funds Fun¢Js Funds 2025 2024 2024 Total Fund5 2024 Notes Income Donations and legacies Investments 415,949 801 31.067 447.016 801 380.884 729 35.675 416,559 729 Total in¢ome 416,750 31.067 447.817 381.613 35,675 417.288 Expendlture Raising funds Charitable a¢tivits'e5 65.861 359.146 20,673 25,082 86.$34 384,228 76,269 335,305 1,668 50,702 77,937 386,007 &2 Total Exp*ndltur8 425.007 45,755 470.762 411,574 52.370 463,944 Net incomellexpendsturel 18,2571 114.6B81 122,9451 129.9611 116,6951 145.6561 Transfers between funds 14.6701 4.670 130,2581 30.258 Net movement In funds for the financial year 112,927) 110.0181 122,9451 160.2191 13,563 146.6561 ReGonciliztion of funds.. Total funds beginning of the year 14 155.891 59,340 215.231 216.110 45,777 261,887 Totsl funds at the end of the year 142,964 49,322 192.286 155.891 59.340 215,231 The Slaternenl of Financial Activities includes all gain5 and Ioss8s r2cognlsed in the financial year. All income and 8xp8ndl1u late to continuing actrvities. The notes on pagt5 11 10 16 frrfm part ol Ihe finanoal statements
Storehouse (Nll IA ¢ompany limited by guaranteo, not havlng a sharp caplt811 Company Number". N1602795 BALANCE SHEET as al 31 August 2025 2025 2024 Notes Fixed Assets Tangible assets 49,876 59.682 Current Assets Debtors Cash at bank and in hand 10 8,228 135,597 3.181 155.526 143.825 158,707 Creditors- Amounts fallÈng dts¢ within one year Net Current Assets 11 11,4151 13,1581 142,410 155,549 Total Assets less Current Liabillties 192,286 215.231 Funds Restricted funds General fund lunrestri¢ledl 49,322 142,964 S9,340 155.891 Total funds 14 192,286 215,231 These financial ststemeTrts have been pr8pared in accordance wlh the special provisions lating to small cornpanies within Part 15 of the Companies Act 2006. For the financial year end8d 31 August 2025 Ihe ch3rily was entitled to exemption from adi¢ under s8ction 471 of th8 Companies Act 2006.. and no notice ha5 been deposited und8r s8cb.tsn 476. Th8 trusiees confirm that the mernbers have ncl requi the company to obtain an audlt of its finanal stataments for the financial year in question in accordance with s8ction 476 of the Crynpanie5 Act 2006. The Iru5te8s a¢knowledg8 their rpsponsibililies for ensuring that th8 charity keeps accounting recorfs whiGh comply th section 386 and for preparing financial statements which give a true and fairviewof the slate of affairs oflhe charity as at the end of the financial year and of ils profil and loss for the financial year in accord8nce with the requi[entS of se¢bons 394 and 395 and Nthich otherwise complywlh th6 requiretnents ofthe CompaniesA¢t 2006 reLqting lo financial statetnent5, so far as applic8blÈ to the charity. Approved by the B*)ard of Trustees and authort$ed for issue on 21 Aprrl 2026 and signed on rts behalf by Rev And tee Textoy Srnith Mich Trustee umphrey$ Cheryl Vi Trusteè nkins Mary Gould The note5 pa9es 11 to 16 form of the fin8ncial statements 10
Storehouse (Nll IA company limited by guarantep, not havlng a sharo Gapitall NOTES TO THE FINANCIAL STATEMENTS for Ihe financial year end8d 31 August 2025 GENERAL INFORAIATION Storehouse INI) is 8 Company lirniled by gvarant8e tncorporaled Northem Ire18nd. The regi51erBd office of the charity 15 151 FloDr Ternple Court, 39 North Stet. 8elfasl. Co. Antrim, 8T1 1NA which 18 also the principal place of business of the charity. The finanGial 51atement5 have been pSented in Pound (£1 which is also the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The followirvJ accounting policies have bpen applied consistentty in dealing Mlh itetns which are considereij material in relation to the charity 5 financial slal8menl5. Basis of preparatlon The financial slalernents of the charty. which is a public benefit enlity under FRS 102, have been prepared the going concern ba515 under the historical cost ¢onvention. tnodified lo include certain items at fairvalue. The rinancial slatemenls have en prepared in accordance with the Statement of RecoFnm&nded Practice ISORPI "Accounting and RepOrTrg by Charities prep8ring their 8ccounls in actordance with the Financial Reporting Standard applible in the UK and Republic of Ireland FRS 102 As permitted by the Companies Act 2006. the Charity has varied the standard formals in that act for the Slatement of Fin8naal Activities alld the Balance Sheet. Departures from the stsndard formats are lo comply with the requirements of the Charities SORP ancl are in complance with section 4.7. 10.6 and 15.2 of that SORP. Statement of ¢ompllan¢e The financial statements of the chaty for the finan81 year ended 31 August 2025 havÈ been wep8red on the going conc8m ba515 and in 3ccordan¢e with the Statem8nt of Recommended Practice ISORPI'Accounting and Reporting by Charities preparing their accounts in xcordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland FRS 102.. Cash Ilow statement The charity has availed of the exernplion FRS 102 frotn the QuIreMent to produce a Cash flow stat8rnent because it is da5sifiad as a 5rn811 charity. Fund accounting The follong a the (xt8gorie8 of fund5 rnainlained.. Restricted fund5 Restricted funds represent income received which Can only be used for partSoJlar purposes, as Sperd by Ihe donors. Such purposes are vlilhin the overall obje¢tives of the charity. Uwrrestrl¢ted funds Unreslricled funds ¢on51St of Generdl and Designated fvnds. General funds represent arnounts which a expendat4e at Ihe dlscretion of the board. in furth8rance of Ihe objectives of th8 charity. Designaied funds comprise unrestricted funds that the toard ha5, 8t its (liscretion. set aside for particular purposes. These de51gnations have an a(Jministralive purpose only, and do not legally reslri¢t the board's discretion to apply the fvnd. Income Income is reGognised by inclusion in the Statement of Finanal Actiwties onty whefj the charity is18galty enliU8d to the income. performance condits'ons attached lo Ihe iternlsl of in¢offle have rnel, the amounts Involved can be measured with sulficient reliability and It is wobable that the ineome will be received by th8 charity. Income fiom charltsble activitles Income fr(xn charitable activits.es indude income eamed from the supply of services under contractual arrangements and from perfomanGe related 9rantswhich have conditions that specify the provi5i0n of particula services to be provided by the tharity. Income froffl governtnent ancj other co-funders is recognised when the chanty is legally entitled to the income because it is fulfilling the conditions contsined in the ielaled funding agreements. Wher8 8 grant is received in advance, ils recognition is deferred and Included In credilots. Wher8 entlllernent occurs b8fore inCLYn8 is received, it $ accruèd in debtors. 11
Storehouse {Nl) continued IA (Drnpany limitèd by guarantee, nol havtng a $hare capltall NOTES TO THE FINANCIAL STATEMENTS lor the financial year ended 31 Augu512025 Expenditure Expenditure is analysed betwe&n costs of charitsble activities and raising funds. The costs of each actiwty are S8parately accumul8led and disclosed, and analysed accDrdino 10 their major components. Expendilijrè 15 recognised when a legal or constru¢bve obligation exists as a result of a past event, a transfer Df economlc b8n8fils is requir8d in settlement and the amount of the otrdigatk)n can b8 reliably tnea5ur8d. Support costs are those function5 th81 ass151 the work of the charity bul cannot be attribut&d to one activity. Such costs are alloc818d io activiti88 in proportion to staff b'me spent or other suilable measur8 for each activity. TanglblÈ fixed as$ets and deprèclation Tangible fixed assets are staled at cost or al valuation, less accumulated depreciation. The charge to deprÈciaiion is c8l¢ulated lo write off Ihe original cost or valkJ81ion of 13ngible fixed assets, bss their esbrnated residual value. over their expected useful lives as follows.. Improvement5 to woperty Fixture5, fittings and equiFmenl MotDr vehides Computer equipment 4¥4 Reducing B81ance 25% Reducing Balan 20% Reducing Ba18nce 25% Reduclng &lance Debto Debtors are recognised al the settlement amount due after any discount off8red. Prepayrnents are valu8d at the amount prepaid nel of any trade dis¢ount5 due. Intome recognised by the charity from governmentageno8S and other ¢o-funders, but not yet received 3t financi81 year end. is included in debtors. Taxation No current or deferred taxation arise5 88 the charity has been granted charllable exeMpOn. Irrecov8rable value¢l added tax is expensed as incurred. Pensions Th8 charity operates a defined contribution pension scheThe for gmployees. The assets of the sch8me a hekl separately from Ih05e of the rharity. Annual contributions payable to th8 charity's pension s¢herne are ¢harged to the incorrÉ and expenditure account in the perK)d to Nthi¢h they relate INCOME DONATIONS ANO LEGACIES Unrestricted Restricted Funds Fund3 2025 2024 Don8tions &ft aid Donated goods Grants 274.672 26,576 102,251 12,450 23,567 298.239 26.576 102,251 19,950 254.769 22.857 115.381 23.552 7.500 415,949 31.067 447.016 416,559 INVESTMENTS Unrestrl¢ted Restrlcted Fund5 Funds 2026 2024 Deposit account interest 801 729 EXPENDITURE RAISING FUNDS Dlieet Co5t5 Other C05t5 Support Costs 2025 2024 Raising funds 86.534 86,534 77,937 12
Storehouse (Nll conlinued IA company Ilmited by guarantee, not having 8 Share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2025 CHARrrABLE ACTivrriES Dirett Cost5 Other Costs Support Cost5 2025 2024 Expenditure on charitable activities 374.409 9,819 384,228 386,007 SUPPORT COSTS Charltable Activltles 2025 2024 Independent Exarninerfs Fee Volunie8r Costs 1,479 1,479 8,340 1,336 4.530 9.819 J,819 5,866 ANALYSIS OF SUPPORT COSTS Basss of Apportlonrnent 2025 2024 Independent Examinerfs Fe8 Vdunleer Costs 100% 100% 1.479 8.340 1,336 4.530 9,819 5,866 NET INCOME 2025 2024 Net Income is stated after charglngllcreditingl: Depreciation of langlble assets Ind8pendent Ex8miners remuneration". independent examination servic8s 9,806 10,064 1,479 1.336 INVESTMENT AND OTHER INCOME 2025 2024 Sundry income Bank inter8st 2.000 801 729 2,801 729 13
Storehouse (Nll continued IA eompany limited by guarante8, not having a $haTe capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year eTrded 31 August 2025 EMPLOYEES AND REMUNERATION Number gf employeè$ The 8verage number of persons employ8d lin¢luding 8xe¢uiive trusleesl during the finanGial year was as follows.. 2025 Number 2024 Number Management and Admin The staff c05t5 comprise.. 2025 2024 W8ges and salaries Social security costs pensi Costs 167,376 11,6181 5,997 125.919 3,779 4.732 171.755 134,430 No eMoYeeS received emLluments in excess of£60.000. TANGIBLE FIXED ASSETS Improvement Flxtur8s. Motor omputer equiF>rnent Total to property fittings and equlpmont vehl¢le$ Cost Al 31 August 2025 21.612 31.152 28.440 6.975 88,179 Depreciatton Al 1 Seplernb8r 2024 Charge for financial year 1,625 800 14,058 4,278 9,970 3.694 2,844 1,034 28,497 9.806 At 31 August 2025 2,425 18,336 13,664 3,878 38,303 Net book value At 31 August 2025 19,187 12,816 14,776 3,097 49.876 AI 31 Au9USt 2024 19.987 17,094 18.470 4,131 59.682 10. DEBTORS 2025 2024 Other debtors Taxation Social security costs Prepayments and accrued income 4,659 390 3,179 3.181 8,228 3.181 11. CREDITORS Amounts falling due wSthin one year 2025 2024 Other creditor5 Accruals and deferred income 1.848 1.310 1,415 7.415 3.158 14
Storehouse (Nl) continued IA ¢ompany limited by guarantee, not having 4 Share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2025 12. PENSION COSTS . DEFINED CONTRIBUTION The ¢harity operates a defined contribution pension scheme. The assets of th8 s¢herne are held separately from thos8 of the charity in an independenly administered fund. Pension costs amounted lo £5.99712024_ £4,732). 13. RESERVES 2025 2024 At the tEginnSng of the year Defiril for the financial year 215,231 122,9451 261.887 146,6561 At the end of the year 192.286 215.231 14. 14.1 FUNDS RECONCILIATION OF MOVEMENT IN FUNDS Unr¢8tricted Restricted Funds Funds Total Funds At 1 September 2023 Movement during the finanaal year 216.110 160,2191 45.777 13.563 261.887 146,6561 At 31 August 2024 Mov8ment during the financial year 155,891 112.9271 59,340 110,0181 215,231 122.9451 At 31 August 2025 142,964 49,322 192.286 14.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance I Sèptember 2024 Income Expenditure Transfèrs between funds Balance 31 August 2025 Restricted fund5 Change The Len5 Storehouse Refurbishment Van Purchase Eneroy Support Hope Into Action TBF ThoNnpson Trust 1.636 21.670 16.520 832 18.682 1,400 1,520 1,220 3,304 882 28,692 10,137 13041 1,212 20.450 13,216 50 2,287 2.637 22,167 7.500 14.444 59,340 31.067 45.7 4,670 49.322 Uniestricted funds unstrICted General 155,891 416.750 425,007 14.6701 142.964 Total funds 215,231 447,817 470,762 192,286 14.3 ANALYSIS OF NET ASSETS BY FUND Flxed assets - charlty use Current assets Cvrrent Totsl R?stricte(I funds 38.601 10,721 49,322 Unr8slrlcied general ftjnds 11,275 132.714 11.0251 142.964 49.876 143,435 11.02S1 192,286 15
Storehouse {Nl) continued IA company lirniled by guafanlee, not having a Share ¢apitall NOTES TO THE FINANCIAL STATEMENTS for the finaTrcial year ended 31 Augusi 2025 15. STATUS The charity 15 a cornpany limit by guarantee not hamng a Sha capital. The h'ability of the mernbers Is limited. Every memter of the company undertake5 to contribuie to th8 assèts of th8 company In the event of its being wound up while they are metnbers, or wllhin one financial year thereafter, for the payfflent of thÈ debt5 and liabiliti85 of the cornp8ny contracted before they ceased to b8 rnembers. and th8 costs. charges and expenses of winding up. and for the acljustment of th8 right$ of the contnbutors among themselve5, such amount as may be r8quirerl, not exceedlng £ 1. 16. TRUSTEES, REMUNEK4TION There were no Irust&es' remuneration or other beoefrt5 for the year ended 31 August 2025 nor lor year ended 31 August 2024. Th8re wefe no trustees, expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024. 17. RELATED PARTY TRANSACTIONS Payrn8nts to th& 51aff p8nsion scherne are made by Bf8St City Vineyard Church. Payment 15 IheTh transferred from Storehouse INI) lo Belfast City Vineyard Church. At 31 August 2025 £12512024.. £1.8481 was owed by elfa51 City Vineyard Church in latIon to penslons paid. Alan Carson and Andrew Smith are Trustees of both Storehouse INI) and B8Sfast City Vineyard Church. POST-BAUANCE SHÈET EVENTS 18. There have been significant events affecting the Charity since the financial year-8nd. 16
STOREHOUSE Nl IA company limited by guarantBè, rtot having a shar* capitsll SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2025 17
Storehouse {Nl) IA compony limited by gvaranleè, not having a share capitall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Stalemeni for the financial year end8d 31 Augu512025 2025 2024 Income Donations Gilt Aid Donated goods Grants 296,239 26,576 102,251 19.950 2S4.769 22.857 115.381 23.552 445,016 416.559 Cost of generating funds Overheads and production costs 86,534 77,937 86,534 77,937 Gross surplus 358,4BZ 338.622 Expenses Wago5 and salaries Soclal security ¢05ts Staff defined eontribulion pension costs Staff training OperBlI(8l costs Voluntèer costs L31 and professional Independent Examiners remuneration Staff welfar& Depreciation Charitable donatrons 167.376 11.6181 5,997 2.713 86,177 8,340 695 1,479 1.012 9.806 102.251 125.919 3,779 4,732 120.266 4.530 1.336 lo,4 115,381 384,228 386,007 Mi$¢ellaneous In¢ome Sundry inwffle Bank interest 2.000 801 729 2.801 729 Net deficlt 122,9451 146.6561 The supplementary inforrnation does not fomi part of the financial slalemen15 18