Scoltish Charity No.SC040583 storehouse Trustees, Report and Financial Statements For the year ended 31 July 2023 l+P Innes & Partners Chartered Cèrtlfted Accountants
The Storehouse Contents of ¢he Fingn¢iAI StAtementsfor the year ended31 July 2023 Page Report of the Trnstees Report of the Independent Examiner ReIpts and Payments Acwun¢ Ststement of Balances Notes to the Financial Staiements
The Storehouse Report of the Trnsteesfnr the year éndéd 3] July 2023 The Ttijstees are pleased to present their report together with the financial statements of the church for the y¢ar ended 31 July 2023. Siatus of Charity and Governing Dfjcumenl 'I'h¢ Storehouse is established by Conslilution. Th¢ legal fomi of the church is a SCIO (Scottish Charitable Incorporated Organisation) and it is a re8lStered Scottish Charity (No. SC040583). It is a two-tier org8nisation with Trustees and Members (known gs Partners in the constitution). landr islered addreJ& Bankers Virgin Money Shawlands Branch 21 Kilm&mock Road Glasgow G413YW Alms andaffiliatio The aims of the ChUh are as follows.. The advancement of the Christian falth primarily in Ki]sh but also throughout Scoiland and further afield by all means consistent with ihe teachings of the Christian Bible. This includes worship. ministry, mission, prayer, witness, educalion. community service and the SUPFX)rt of agencies and individuals and other charilable organisations involved in Lhristian mission8ry work or oiher aclivities that are in alignment with the objectives of 'Th¢ Siorehouse" The relief of those in need by reason of ag4 ill health, disability. financial hardship or other disadvanlag¢s. To support and help people and families who are affe¢teA by dru& alcohul or other depend¥nci¢s. Th¢ provision of recreational facilities or the organisation of recreational activities with the Dbject of improving the conditions of life for the persons for whorn the facilities or acliviti¢s are primarily intended. Th¢ prevention and the relief of poverty. Truslees and ojjlce lJearer.f During the vear. resigned from her position as Trustee and Administrator. Sirnilarly Il'pped do,11 <1% Triislce. At ihe qdm¢ riine Iherc wcrc some new Trustees appointe At the momen( current Names of the charity trustee5 on date of approval of Trustees, Annual Report.. | Oth Ofvny) IIWIWI aefvd KDo*forwJHth year Page I
The Storehouse Report of the Tnlsteesfor ihe year ended 3] July 2023 Name5 of all other charity tNStees during the period.. Appointment of Trubyeav TrusteC5 are appointed from within the Membcrs (Partners). Trustec5 are apFointed by Ihe Members at a Church meeting. Elected Trustees serve for a fixed period of three years. Retiring Trustees are eligible for notnination for re-¢lection. ActIviil andachievemtnts A significant change this year to the Storehouse ¢huTch has been as a result of a desire to come under the UTnbr¢lla ot-a larger church family grouping. After discussions with several such Broups the decision was taken at a church EGM (Date 6 Sep 2023) to become part of the family of churches known as Go Global bascd in Edinburgh. Until now this had no practical or noticeabl¢ impact on the wnning of the church. (Thi5 change is a significant one so is being reported in thi5 report although it falls oul with ihe financial ye8r). Th¢ PLErpose of this transition is to ceSS a potential sour¢¢ of experience, advice and experienced personnel to help pr8clically. We have run regular Sunday services and prayer Meetings throughout the year. Most speakers who eome to speak are from recommendations from similar fellowships and groups. We continue to shAre comrnunion twice a month, those being led by Trustees. We also slarted our weekly aftemoon prnyer me¢ting again as well as a Wednesday evening meeting. There is now a Children's Church on a Sunday mornins known as Jam (Jesus and Mc) to calcr for thc small nurnbcrof childrcn attending but with cxpcctation that this numb¢r will grow. There was a large Christmas pro8ramm¢ again with a Winl¢r Wond¢rland attracting over 1,000 visitors including one complete Primary school complernent of pupils. A Church Christmas Meal (Dec 2022) for around 50 people was provided in the church h&ll, catering [ing pr()vided by a l(Kal company. In addilion. with Friends of Ki15yth we delivered around l 00 Chriblmas meals to homes und dn)und 80 N¥w YeaT meals alsa to home5 around Kilsyth. A Christma5 eve carol Service was also held. We continued our we¢kly cafe again, it being op¢n on a W¢dne5day from l 0-1..30pm. This wa.s successful and welcomed by the community. Duriiig the year we have continued providing pastornl care. Our pastoral care team have supported several of the church family and the wider community through bereavement, ill health and other diffi¢ult situations. Th¢r¢ is &lso a growing idenlificalion of ¢ommunity And individual needs through Fri¢nds of Kilsyth which is based in the church, ne¢ds which can be rnet through Friends of Kilsyth, the StrJrehou5e Church or both. This yw. we 5UPPOrted Friends of Kilsyth as they made the decision for operational reasons to sel up an independent pantry foT the people of th¢ town. For a SMFAII weekly fee of £3.00 anyone can pick up a shop of I l items from 8 wide ¢hoic¢ of groceries. canned food5, fresh fruit and veg, frozen food5. toiletries and more. This is open several days each week and has supplied up to, al a peak, over 200 families in one week. In addition, our building continues to be used weekly by Stsrlets Cheerleading Group, an Unmasked Mental Health support grou A ladic5 aftcmoon kllitting group and a Storc Tot5 playgroup. We also 5UPPOrted the Fri¢nds of Kilsyth community group with the distribution of packed lunches during the summ¢r school holidays and spa¢¢ lo store their donations. Again, thi5 year in November we supported the Rotary "Wrap Up Lanarkshire" project, and ma]iy winter coat5 were donated for dislribution lo thc comJnunity. Th chur¢h had a very suceessful Coronation lunch in the chureh hall this summer welcoming local residents as well as our own Partners. Page 2
The Storehouse Report of the Trnsteesfor ihe year eryded 3J Jtsly 2023 Aelivilies and ochievements (conl'd) As was the case las( year, our support of missions continu¢d throughoutthe year. We supported. by regular monthly givin& Compassion UK, Release International and The Haven. W¢ also financially supported at diff¢ienl linies Outr¢h Europe, Guod N¢ws for Everyone Ifonnerly Gideoiis UK). Mission Aviation Fellowship, The Community Pantry, Tearfund. The Scriplure Union. The Bethany Trusl ¢ind ihe Swttish Bible Society. (We detennine to donaie IQ /0 of our gross income each month to various rnissions as decided by a small missions team.) We had a sp¢¢ial Missions monih in September and we coniinued t develop our relalionships with Release International, Compassion UK and The Haven. We had a special visit on a Tuesday evening in September from 2 missionaries who worked with Release Int¢rnational in Asi4 the visit was a real insighi to their work in very difficult siiuations. Duriiig Ilie year, Ihe chur¢h ntInued to live stream our Sunday s¢rvic¢s. a Service which is extremely successful in allowing the housebound to particip&le in our worship and ¢ommunion wher] il IS Larri¢d oul. There is also the opportunity for donations to the church to be given with a QR Code on screen at the offering point. Addilional informalion We continue ro experience proportionately high costs for our Building rent and our ¢nergy bills. This is constantly being moniiored and any possibility of reductions in these explored as opportunities arise. Through our close Cooperation with Friends of Kilsyth and their use of the pr¢mis¢5 and with iheir helps we are able (o access grant funds for propety mainienance such as a new front duor and professiundl Larpet cleaning etc. DoualedJacilili*s andservlces The Siorchouse received the following material donalions during ihe year.. Materials for children'5 activity packs for Sunday services Hardware for projection system Resuli,flor iheyear Tlie ReLeipls dnd Puytnents Acwunt page 5 r¢flvL15 a surplus for the year of £3,745 (2022.. d¢fi¢it of £81). The ¢hur¢h h¢ld unr¢stri¢ted general funds amounting to £57.533 (2022.. £59.320}. desi8nat¢d fund5 of £1.487 (2022.- £89) and reslricted fiinds of £5.041 {2022-. £997) 8t the year end. The loial funds held at the year end were £64,061 (2022.. £60,316). Reserves The Trustees aim to hold a 6-month reserve to cover all running expenses (rent, salaries. insurance, utilities, administration costs). The levcl of unrestricted rcscrvcs as of 31 July 2023 was £57,533 (2Q22: £59,320) which is more than 50 /0 of ihe expenditure for 2022-2023 and 50 we are Satisfied with the lev¢1 of reserves. Approved by the Trustees And signed on fheir behalf on 2024 by.. Page 3
The Storehouse Report uf the Independ¢nt Examlner to the Tru$tsesfor theyear ended 31 July 2023 I report on the accounts of the church for the year ended 31 July 2023 which are set out on pages 5 to 8. Regpectlve responslbilities of Trustees and examiner The Charity's Trublees are responsibl¢ for the preparation of the accounis in aLLordance with the lenns of the Chariiies and Tnjstee Investment (Seotlandl Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The Charity's Trnstees consider that the audit requirement of Regulation l O{ l ) {dl of thc Accounls Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) {c) of the Act and to sthte whether particular matters have come to my attention. Basis of Independent examlner's statement My examination is Carried out in accordance with Regulation I l of the Charities A¢¢ounts (Scotland) Regulaiions 2006 {as amended). An examination includes 8 review of the accounting records kept by the charity and & comparison of the accounts presented with those records. It also includes ¢onsideralion of any unusual itcms or disclosures in ihe accoutits, and secks explanations frorn the Irustces Concerning such matters. The PToccdur¢s und¢rtak¢n do not Pfovid¢ all the ¢vid¢nc¢ that would be required in an audit, and Lon&equenily I du not express an audit opinion on the view given by the accounts. Independent Examlner's Statement In the course of my cxamination. no matter has com¢ to my attention which gives me reasonable cause to believe that in any material respect the requirements.. io keep aLcounting recoTds in accordance with Section 44(1) (a) of the 20Q5 Act and Regulation 4 of the 2006 Accounts Regulations (as amended). and to prepare accounts which accord with the accounting re¢ords and comply with Regulation 9 of th¢ 2006 Accounts Regulations (as amcndcd) hav¢ not bc¢n met. or to which. in my opinion. attention Should be drawn in order io enable a pmper understanding of th¢ accounts lo be reachcd. Innes & Partners Limited Chartcred Certificd Accountants Innes House 18 Shairps Business Park Houstoun Road Livingsion EH54 5FD Date........... 2024 Page 4 l+P Innes & Partners Chanered Cenifieil Accountants
The Storehouse Recelpts and Paylnents Accountfor theyear ep7ded 31 July 2023 Notes General Designated Restrteted fund fund funds 2023 Totsl 2022 Totgl Receipts Gift aid offerings Gift aid tax reclairn Freewill offerings DonalioTh Café Rental income Clranl income Bank interest Other income 28.781 9.803 8.860 5.499 28,781 9,803 8060 73N8 3J28 4,172 31.077 9.675 9,949 3.200 1,627 1,779 1.335 454 3,528 4.172 9,000 284 69 284 69 106 29 Total recelpt5 57.968 1,335 12.982 72,283 57.442 Paymentg Hire of premises Heat and light Insurance Repairs and renewa15 Equipment Administration, printing and other costs Provisiong and refreshments Donations and grants Fellowship gifts Sunday school Visiting spcakcrs Cornmunily 5UPPOrt Cleaning Costs Café cxpenses WAM expenses Legal and professional fees Independt ¢xamination f Total payments (Deflclt) for the yeAr before transfers Transfer between funds 31,748 14.603 1.210 1,844 31,748 14,603 1210 IW4 30,799 9.017 1,152 501 1,493 2,898 1,334 7.010 351 193 .390 2.476 1,265 2,476 1,265 7,035 376 6,285 750 376 2,363 2,363 3,714 3,714 167 443 1,123 1.123 60 600 783 783 56,668 6,285 (4,950) 6J48 5,S87 68,540 7J95 3,745 {3J51) 4,044 3,745 997 60,316 57.523 iJoo (2,997) (81) (Deficit) for ille year after transfers Tot&1 funds brought forward Total funds ¢41ed forw4rd {1,697) 59,230 lJ98 89 (81) 60,397 60,316 57,533 1,487 5,041 64,061 Pe5
The Storehouse Slatement of Balances us ai 31 July 2023 Notes 2023 2022 Opening Surpluj bAlan¢¢ for year C105ing b41one¢ Opening (DerAt} Closlng balanee for year balance Cash at bank and hand 60,316 3,745 64.061 60,397 (81) 60.316 (81) 60,316 Total cash bAl&nces 60J16 3,745 64,061 60,397 Represented by: Unresiricied fund Restricted fun(ts 59,020 5,041 64,061 59.319 997 60.316 Statement of ysets it 31 July 2023 Crrent assets Gift aid reclaim due 883 977 883 977 Statement of liHbilitieJ a¢ 31 July 2023 Independent examination fee 726 660 726 660 The finAnci#l statements on pages 5 to 8 were approved by .1 rustees on 2024 and LnaiT oj the I rx¥les The note5 on page 7 10 8 form part vfthvse finanLiiil statements. Page 6
The Storehouse Notes to the Financial Stydtementsfor iheyear ended 31 July 2023 l. Accountlng pollcies Accounting convenlion The financial statements have been prepared under Ihe hisiorical cost convention, and in accordance wilh the Charities Accounts (Scotland) Regulations 2006 (As amended). Basis offinaneial slalemenls The financial statements have been pr¢p8r¢d on a r¢o¢ipts and payments bas1S. Recelpis andPayments Accomnl For th¢ pury)ose of tl)e Receipts and Payments a¢nt as shown on page 5, funds are dcfined as follows: Unreslrlcted funds Comprise grants and other income received for ihe objects of ihe church without further specified purpose and are available as genernl funds. DeBign&ted funds cornprise grants and other incorne received for the obJts of the church without fijrther specified purpose bul which the Trustees have designated for a 4Kcific pury)ose. Restrict¢d funds ¢ompri5e inwm¢ which has been rc]ved for the objxts of th¢ church and 5p¢¢ifi¢d for a restricted purpose within ihe5e objects by th¢ donor. 2. Trgn$Action5 Wlth Trn$t And reimburnement of expenses No Trustees received remuneration or reimbursement of expenditure during the year {2022: nil) in their capacity as Trustees. 3. Rela¢ed party trnnsa¢tions There were no trAnsaciion$ made with relaied parties during ihe year (2022.. nil). Page 7
The Storehouse Notes to the financial statements Jor (hear ended31 July 2023 4. Donitlon8 and %rants Donalions aKdgrants comprise all fud& paid Mission gijks, doKalions andcommunity Unrestri¢ted DesigDat¢d Restricted fund rund 2023 Totsl 2022 Total Haven Compassion Release Iniernaiional Community donation Bible SuLiely SIM International Outreach Europe Donation5 < £100 1.585 1,200 ,200 200 300 1.000 1,585 1,2(M 1,200 2011 3011 1.000 1.200 1,460 1,300 550 300 300 800 750 1,550 7,035 Total donatio ••d grants 6,285 750 7.010 S. Unrestrlcted thnds B91anee At 01.0&22 Recelpls Bglanee At 31.117.23 ymejbts Transfers G¢n¢ral fund Desi%naied Mission fund Total unre$tTlcted fundj 59,230 89 57,968 1.335 59J03 (56.668) (2.997) (6.285) 6.J48 162,9531 3J51 57J33 1,487 59,020 59J19 The Generalfund repr¢5ents all income and expenditure relating to the primary focus aciivities of the charity, other ihan those for which fundin% is desiRnated or Teslricled. Th¢ DeJignaled mi.fsionfund represents funds all(Kai¢d by the Trusl¢¢s for supporting Missionary work and IfKktl LUTnmunitV I01eCt5. 6. Restrlcted funds BalaDLe at 01.08.22 Rectlpls Bal¥Ke gt 31.07.23 Pa.yrneD(s TraDsf¢rJ Chri5tma5 fund Café Prison Ministries Families in need Storehouse cafe 312 684 312 293 3.982 11.123) (3,250) 5,250 3.750 12,982 (1,268) (3.190) (5,587) (JJ51 1100) 3,882 554 Total Tejtricled funds 997 5,041 Explanalion or.r4n¢ts The Chri51mas fwid represents inco£ and expenditure raised and utilised for providing Christmas Hamws lo fatmilies in n¢¢d in K11sh and the l(Kal corr]rnunilies in association with ColrunLlty Council and ihe Ial NHS health visitors. The Cafefvnd reryesenls income and expernliluTe raised and utilised for PToviding a café for the public. The Prison MiniJlrie5 fvid represents income and exndItUre rais¢d and utilised f¢)r th¢ purp)s¢ of supporting woman who are newly released from prison. The FaTr7ilies in need fund repr¢s¢nts monic5 rcccivcd from thc Corra Four¥Jation for familics and children in n¢¢ The Storehouse ca]efvnd represents moneis received from Voluntary Action North Linarksh1 for The Storehouse Café. Page 8