Docusign Envelope ID: 6649A0C7-C5C4-4D3C-95D7-3EE8FC9FA9A2
_Scottish Charity No.SC040583_
storehouse
Trustees’ Report and Financial Statements _For the year ended 31 July 2025_
Docusign Envelope ID: 6649A0C7-C5C4-4D3C-95D7-3EE8FC9FA9A2
## The Storehouse
**Contents of the Financial Statements** _for the year ended 31 July 2025_
||Page|
|---|---|
|Report of the Trustees|1 – 3|
|Report of the Independent Examiner|4|
|Receipts and Payments Account|5|
|Statement of Balances|6|
|Notes to the Financial Statements|7 – 9|
Docusign Envelope ID: 6649A0C7-C5C4-4D3C-95D7-3EE8FC9FA9A2
## The Storehouse
**Report of the Trustees** _for the year ended 31 July 2025_
The Trustees are pleased to present their report together with the financial statements of the church for the year ended 31 July 2025.
## _**Status of Charity and Governing Document**_
The Storehouse is established by Constitution. The legal form of the church is a SCIO (Scottish Charitable Incorporated Organisation) and it is a registered Scottish Charity (No. SC040583). It is a two-tier organisation with Trustees and Members (known as Partners in the constitution).
_**Principal and registered address Bankers**_ The Storehouse Church Virgin Money 5A Garrell Road Shawlands Branch Kilysth 21 Kilmarnock Road Glasgow Glasgow G65 9JX G41 3YW
## _**Aims and affiliation**_
The aims of the church are as follows:
- The advancement of the Christian faith primarily in Kilsyth but also throughout Scotland and further afield by all means consistent with the teachings of the Christian Bible. This includes worship, ministry, mission, prayer, witness, education, community service and the support of agencies and individuals and other charitable organisations involved in Christian missionary work or other activities that are in alignment with the objectives of “The Storehouse”.
- The relief of those in need by reason of age, ill health, disability, financial hardship or other disadvantages.
- To support and help people and families who are affected by drug, alcohol or other dependencies.
- • The provision of recreational facilities or the organisation of recreational activities with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended.
- The prevention and the relief of poverty.
## _**Trustees and office bearers**_
During this financial year, unfortunately due to various circumstances, the following Trustees stepped down from their position: Andrew Machray – July 24, Daniel McAleer, Julius Buameh, Ryan Gorman in October 2024.
Names of the charity trustees on date of approval of Trustees’ Annual Report:
|**Trustee name**|**Office (if any)**|**Dates acted if not for whole year**|
|---|---|---|
|Harry Brown|Finance officer||
|Andrew Machray||Appointed on November 24|
|
David Wightman|Chairperson|
Appointed on April 25|
|
Vincent Addo||
Appointed on April 25|
|Andrew Nimmo||
Appointed on April 25|
|Robert Ross||
Appointed on April 25|
|Linda Inglis||
Appointed on April 25|
|
Peter Quashigah||
Appointed on April 25|
|
Helen Wightman||
Appointed on April 25|
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Docusign Envelope ID: 6649A0C7-C5C4-4D3C-95D7-3EE8FC9FA9A2
## The Storehouse
**Report of the Trustees** _for the year ended 31 July 2025_
## _**Trustees and office bearers (Continued...)**_
Names of all other charity trustees during the period:
|**Name**||**Dates acted if not for whole year **|
|---|---|---|
|Andrew Machray||Resigned July 2024|
|Daniel McAleer||Resigned October 2024|
|Julius Buameh||Resigned October 2024|
|RyanGorman||Resigned October 2024|
## _**Appointment of Trustees**_
Trustees are appointed from within the Members (Partners). Trustees are appointed by the Members at a Church meeting. Elected Trustees serve for a fixed period of three years. Retiring Trustees are eligible for nomination for re-election/or appointed to honorary positions.
## _**Activities and achievements**_
During this financial year (August 2024 - July 2025) we have resigned from the Go Global Family of churches.
We continue to hold our Weekly Sunday Services, with communion on the 2nd and last Sunday of each month where approximately 40 people attend and have visiting and internal speakers who come to speak about God’s Love, and running alongside the Sunday Service is our Sunday School (Jesus and Me) where the kids learn about our Lord. This is currently for ages 1 year to 15 years old.
Prayer Meetings commenced on a Monday evening and continue on a Wednesday afternoon and evening, where we pray for each other, the church and world-wide missionaries and events.
Again in 2024, we had a large Christmas programme throughout the month of December 24, with Winter Wonderland on for 10 days with approximately 2500 adults and kids coming through our doors to see the true meaning of Christmas, and an outing to Falkirk for our fellowship lunch.
Each Wednesday we continue to open our doors for the Storehouse Café catering for around 30-40 people each week from the community.
Our Pastoral Care Team is ongoing who visit the housebound and nursing homes and pray for the sick.
Friends of Kilsyth discontinued their activities from the Storehouse Church Building.
Other groups using the church facilities are the Starlets, Unmasked Mental Health and Storetots and Knitting Group.
Again, this year in November we supported the Rotary “Wrap Up Lanarkshire project” and many coats were donated for distribution to the community, along with a School Uniform Day.
## _**Additional information**_
The increase in gas and electricity prices is a concern. We have a two-year fixed contract for gas (started May 2024) and a two-year fixed contract for electricity. We expect costs to increase. To cover this, we will need to increase our income. We are reviewing the room hire charges for other users of the building and will concentrate on reducing our energy usage where possible.
Page 2 S
Docusign Envelope ID: 6649A0C7-C5C4-4D3C-95D7-3EE8FC9FA9A2
## The Storehouse
**Report of the Trustees** _for the year ended 31 July 2025_
## _**Donated facilities and services**_
No material donations of goods or services were received during the year.
## _**Results for the year**_
The Receipts and Payments Account on page 5 reflects a deficit for the year of £8,308 (2024: £13,620) which was covered from the charity’s reserves. The church held unrestricted general funds amounting to £38,909 (2024: £42,486), designated funds of £1,311 (2024: £1,791) and restricted funds of £1,913 (2024: £6,164) at the year end. The total funds held at the year-end were £42,133 (2024: £50,441)
## _**Reserves**_
The Trustees aim to hold a 6-month reserve to cover all running expenses (rent, salaries, insurance, utilities, administration costs). The level of unrestricted reserves as of 31 July 2025 was £38,909 (2024: £42,486) which is more than 50% of the expenditure for 2024-2025 and so we are satisfied with the level of reserves.
17.03.2026
Approved by the Trustees and signed on their behalf on …………………………. by:
**David Wightman** _Chairperson, Trustee_
Page 3 S
Docusign Envelope ID: 6649A0C7-C5C4-4D3C-95D7-3EE8FC9FA9A2
## The Storehouse
## **Report of the Independent Examiner to the Trustees** _for the year ended 31 July 2025_
I report on the accounts of the church for the year ended 31 July 2025 which are set out on pages 5 to 9.
## **Respective responsibilities of Trustees and examiner**
The Charity’s Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The Charity’s Trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
## **Basis of independent examiner’s statement**
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent Examiner’s Statement**
In the course of my examination, no matter has come to my attention
1. which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended), and
- to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations (as amended) have not been met, or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **Juan Herbst CA**
_Director_
Innes & Partners Limited Chartered Certified Accountants
18.03.2026
Innes House 18 Shairps Business Park Houstoun Road Livingston EH54 5FD
Date: ………………………….
Page 4
Docusign Envelope ID: 6649A0C7-C5C4-4D3C-95D7-3EE8FC9FA9A2
## The Storehouse
## **Receipts and Payments Account** _for the year ended 31 July 2025_
|**Notes**
**General**
**Designated**
**Restricted**
**2025**
**fund**
**fund**
**funds**
**Total**
**Receipts**
**£**
**£**
**£**
**£**
Gift aid offerings
22,803
-
-**22,803**
Gift aid tax reclaim
8,323
-
-**8,323**
Freewill offerings
11,447
-
-**11,447**
Donations
3,352
-
892**4,244**
Café
- -
5,457**5,457**
Rental income
5,598
-
-**5,598**
Grant income
- -
-
**-**
Bank interest
1,013
-
-**1,013**
Other income
5,256
-
-**5,256**
**Total receipts**
**57,792**
**-**
**6,349**
**64,141**
**Payments**
Hire of premises
31,748
-
-
**31,748**
Heat and light
17,680
-
-
**17,680**
Insurance
1,213
-
-
**1,213**
Fabric
-
-
-
**-**
Repairs and renewals
702
-
-
**702**
Administration, printing and other costs
2,064
-
-
**2,064**
Provisions and refreshments
112
-
-
**112**
Donations and grants
**4**
-
5,150
150
**5,300**
Sunday school
-
-
207
**207**
Church youth activities
-
-
393
**393**
Visiting speakers
1,885
-
-
**1,885**
Worship / AV
28
-
-
**28**
Winter Wonderland
-
-
-
**-**
Refund of grant
-
-
3,528
**3,528**
Community support
-
130
1,079
**1,209**
Cleaning costs
375
-
-
**375**
Café expenses
-
-
5,243
**5,243**
Independent examination fee
762
-
-
**762**
**Total payments**
**56,569**
**5,280**
**10,600**
**72,449**
**Surplus/(Deficit) for the year before transfers**
**1,223**
**(5,280)**
**(4,251)**
**(8,308)**
**Transfer between funds**
**(4,800)**
**4,800**
**-**
**-**
**(Deficit) for the year after transfers**
**(3,577)**
**(480)**
**(4,251)**
**(8,308)**
**Total funds brought forward**
**42,486**
**1,791**
**6,164**
**50,441**
**Total funds carried forward**
**38,909**
**1,311**
**1,913**
**42,133**|**2024**
**Total**
**£**
27,901
8,660
11,157
7,191
4,955
5,232
9,100
887
326|
|---|---|
||**75,409**|
||**31,748**
**19,584**
**1,315**
**-**
**9,635**
**3,240**
**740**
**5,540**
**-**
**-**
**3,711**
**120**
**3,139**
**-**
**3,284**
**553**
**5,628**
**792**|
||89,029|
||(13,620)
-|
||(13,620)
64,061|
||50,441|
Page 5
Docusign Envelope ID: 6649A0C7-C5C4-4D3C-95D7-3EE8FC9FA9A2
## The Storehouse
## **Statement of Balances** _as at 31 July 2025_
||**Notes**|**2025**|||**2024**||
|---|---|---|---|---|---|---|
||**Opening**|**(Deficit)**|**Closing**|**Opening**|**(Deficit)**|**Closing**|
||**balance**|**for year**|**balance**|**balance**|**for year**|**balance**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|Cash at bank and hand|50,441|(8,308)|**42,133**|64,061|(13,620)|50,441|
|**Total cash balances**|**50,441**|**(8,308)**|**42,133**|64,061|(13,620)|50,441|
|**Represented by:**|||||||
|Unrestricted fund|**5**||40,220|||44,277|
|Restricted funds|**6**||1,913|||6,164|
||||**42,133**|||50,441|
|**Statement of assets at 31 July 2025**|||||||
|_Current assets_|||||||
|Gift aid reclaim due|||560|||1,124|
||||**560**|||1,124|
|**Statement of liabilities at 31 July 2025**|**Statement of liabilities at 31 July 2025**||||||
|Independent examination fee|||834|||726|
||||**834**|||726|
|||||17.03.2026|||
The financial statements on pages 5 to 9 were approved by the Trustees on ……....................... and signed on their behalf by the undernoted:
## **David Wightman**
_Chairperson, Trustee_
The notes on page 7 to 9 form part of these financial statements.
Page 6
Docusign Envelope ID: 6649A0C7-C5C4-4D3C-95D7-3EE8FC9FA9A2
## The Storehouse
## **Notes to the Financial Statements** _for the year ended 31 July 2025_
## **1. Accounting policies**
## _**Accounting convention**_
The financial statements have been prepared under the historical cost convention, and in accordance with the Charities Accounts (Scotland) Regulations 2006 (as amended).
## _**Basis of financial statements**_
The financial statements have been prepared on a receipts and payments basis.
## _**Receipts and Payments Account**_
For the purpose of the Receipts and Payments account as shown on page 5, funds are defined as follows:
**Unrestricted** funds comprise grants and other income received for the objects of the church without further specified purpose and are available as general funds.
**Designated** funds comprise grants and other income received for the objects of the church without further specified purpose but which the Trustees have designated for a specific purpose.
**Restricted** funds comprise income which has been received for the objects of the church and specified for a restricted purpose within these objects by the donor.
## **2. Transactions with Trustees and reimbursement of expenses**
No Trustees received remuneration or reimbursement of expenditure during the year (2024: £nil) in their capacity as Trustees.
## **3. Related party transactions**
There were no transactions made with related parties during the year (2024: £nil).
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Docusign Envelope ID: 6649A0C7-C5C4-4D3C-95D7-3EE8FC9FA9A2
## The Storehouse
**Notes to the financial statements** _for the year ended 31 July 2025_
|**4.**
**Donations and grants**
**Unrestricted Designated**
**fund**
**fund**
**£**
**£**
Haven
-
1,400
Compassion
-
1,200
Release International
-
1,200
Community donation
-
-
Scripture Union
-
200
Connect2
-
100
Outreach Europe
-
-
Go Global
-
200
Tearfund
-
-
Glasgow City Mission
-
200
Mission Aviation Fellowship
-
200
Open Doors
-
-
Comfort International
-
250
Bethany Christian Trust
-
200
Donations < £100
-
-
**Total donations and grants**
**-**
**5,150**
**5. Unrestricted funds**
**Balance at**
**01.08.24**
**Receipts**
**£**
**£**
General fund
42,486
57,792
Designated Mission fund
1,791
-
**Total unrestricted funds**
**44,277**
**57,792**
Donations and grants comprise all
funds paid as Mission gifts, donations
and Community initiatives.|**4.**
**Donations and grants**
**Unrestricted Designated**
**fund**
**fund**
**£**
**£**
Haven
-
1,400
Compassion
-
1,200
Release International
-
1,200
Community donation
-
-
Scripture Union
-
200
Connect2
-
100
Outreach Europe
-
-
Go Global
-
200
Tearfund
-
-
Glasgow City Mission
-
200
Mission Aviation Fellowship
-
200
Open Doors
-
-
Comfort International
-
250
Bethany Christian Trust
-
200
Donations < £100
-
-
**Total donations and grants**
**-**
**5,150**
**5. Unrestricted funds**
**Balance at**
**01.08.24**
**Receipts**
**£**
**£**
General fund
42,486
57,792
Designated Mission fund
1,791
-
**Total unrestricted funds**
**44,277**
**57,792**
Donations and grants comprise all
funds paid as Mission gifts, donations
and Community initiatives.|**Restricted**
**fund**
**£**
-
-
-
-
-
150
-
-
-
-
-
-
-
-
-|**2025**
**Total**
**£**
**1,400**
**1,200**
**1,200**
**-**
**200**
**250**
**-**
**200**
**-**
**200**
**200**
**-**
**250**
**200**
**-**|**2024**
**Total**
**£**
1,200
1,200
1,500
117
-
-
400
443
100
-
-
150
-
150
280|
|---|---|---|---|---|
||**5,150**|**150**|**5,300**|5,540|
||**Receipts**
**£**
57,792
-||||
||**57,792**|**(61,849)**|**-**|**40,220**|
## _**Explanation of funds**_
The _General fund_ represents all income and expenditure relating to the primary focus activities of the charity, other than those for which funding is designated or restricted.
The _Designated mission fund_ represents funds allocated by the Trustees for supporting Missionary work and local community projects.
|**6. Restricted funds**
**Balance at**
**01.08.24**
**£**
Christmas fund
312
Café fund
428
Families in need
13
North Lanarkshire kids work
5,000
Tech improvements for kids club
161
Arnold Clark funding
250
**Total restricted funds**
**6,164**|**Receipts**
**£**
-
6,349
-
-
-
-|**Balance at**
**Payments Transfers**
**31.07.25**
**£**
**£**
**£**
-
-
**312**
(5,243)
-
**1,534**
-
-
**13**
(5,000)
-
-
(152)
-
**9**
(205)
-
**45**
**(10,600)**
**-**
**1,913**|
|---|---|---|
||**6,349**|**(10,600)**|
Page 8
Docusign Envelope ID: 6649A0C7-C5C4-4D3C-95D7-3EE8FC9FA9A2
## The Storehouse
## **Notes to the financial statements** _for the year ended 31 July 2025_
## **6. Restricted funds (continued)**
## _**Explanation of funds**_
_The Christmas fund_ represents income and expenditure raised and utilised for providing Christmas Hampers to families in need in Kilsyth and the local communities in association with Community Council and the local NHS health visitors.
_The Café fund_ represents income and expenditure raised and utilised for providing a café for the public.
_The Families in need_ fund represents monies received from the Corra Foundation for families and children in need.
_The North Lanarkshire kids work_ fund represents monies received from North Lanarkshire Council for children's work.
_The Tech improvements for kids club_ fund represents monies received from Virgin Money Foundation for updating technology and upgrading stationery for kids club and buying books/ learning material for them.
_The Arnold Clark_ fund represents monies received from Arnold Clark for maintenance.
## **7. Volunteers**
The church is supported by volunteers who give their time freely. The church acknowledges and thanks them for their valuable support.
Page 9