THE STOREHOUSE
help those in need, provide support to other local agencies who are helping the needy, Run a weekly childrens club, & performing Arts class, mother and toddlers group and a monthly youth event, provide a coffee morning and place for people to meet other than a church service. Weekly church services and other charitable activities
Financial health, per its FY2024 accounts
The accounts state that total funds increased to £439,145, with unrestricted funds rising to £429,127 and restricted funds at £10,018. The charity reported a net income of £159,863 against total resources expended of £244,218, resulting in a net movement in funds of £159,863. The balance sheet shows net current assets of £274,824 and total assets less current liabilities of £670,803, indicating sufficient resources to meet liabilities.
What the accounts disclose
“I have identified a matter of concern in my report because I have concerns that adequate recording of restricted expenditure has not been maintained together with the accurate recording of the balances remaining on the restricted funds.” — page 6
“During the year The Storehouse paid £12,848 to Heritage Decorating under normal commercial terms for works carried out at The Storehouse. The owner of Heritage Decorating is the son of D & E Middleton who are trustees of the Charity.” — page 15
“During the year the following donations totalling £18,405 were received from trustee's of the Charity, T Dant £4,800, G Burnby-Crouch £7,787, D Middleton £4,493 and M Hippey £1,325.” — page 16
“During the year The Storehouse paid £12,848 to Heritage Decorating under normal commercial terms for works carried out at The Storehouse. The owner of Heritage Decorating is the son of D & E Middleton who are trustees of the Charity.” — page 15
“During the year the following donations totalling £18,405 were received from trustee's of the Charity, T Dant £4,800, G Burnby-Crouch £7,787, D Middleton £4,493 and M Hippey £1,325.” — page 16
“I have identified a matter of concern in my report because I have concerns that adequate recording of restricted expenditure has not been maintained together with the accurate recording of the balances remaining on the restricted funds.” — page 6
Trustees
- DAVID CAMERON ALEXANDER MIDDLETONchair
- ELIZABETH MIDDLETON
- GRAHAM BURNBY-CROUCH
- Michael Hippey
- THOMAS CHARLES DANT
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £404k | £244k |
| 31/12/2023 | £227k | £189k |
| 31/12/2022 | £198k | £212k |
| 31/12/2021 | £186k | £181k |
| 31/12/2020 | £152k | £120k |
Common questions
Is THE STOREHOUSE financially healthy?
Per its FY2024 accounts: The accounts state that total funds increased to £439,145, with unrestricted funds rising to £429,127 and restricted funds at £10,018. The charity reported a net income of £159,863 against total resources expended of £244,218, resulting in a net movement in funds of £159,863. The balance sheet shows net current assets of £274,824 and total assets less current liabilities of £670,803, indicating sufficient resources to meet liabilities. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
Charities like this
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARK'S, LACHE-CUM-SALTNEY
- The Warehouse Church UK
- THE CONGREGATION OF THE SISTERS OF NAZARETH CHARITABLE TRUST
- YAD VEACHISOMOCH L'CHAIM
- THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE
- STOCKPORT CENTRE CHURCH
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE STOREHOUSE | £404k | — | 0 | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARK'S, LACHE-CUM-SALTNEY | £293k | — | 0 | unclear | — | no doubt |
| The Warehouse Church UK | £529k | — | 0 | unclear | — | no doubt |
| THE CONGREGATION OF THE SISTERS OF NAZARETH CHARITABLE TRUST | £2.7m | £60,001 - £70,000 | 1 | below | — | no doubt |
| YAD VEACHISOMOCH L'CHAIM | £834k | — | 0 | unclear | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE | £209k | — | 0 | unclear | — | no doubt |