Acorah Software Products - Accounts Production 19.3.550 false true 31 December 2024 1 January 2024 No description of principal activity true 1 January 2025 31 December 2025 31 December 2025 05807759 Mrs Julia Gadd Mrs Susan Shipway Mr Clive Sills Mr Philip Snowden Ms Eve Turner 1120851 false true true true true false Costs of Generating Voluntary Income Fundraising Trading: Cost of Goods Sold and Other Costs Investment Management Costs Other Resources Expended Work Hub Grant SDCC Flood Relief Grant Access Reach Grant Grants received true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05807759 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2025-12-31 05807759 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2025-12-31 05807759 2024-12-31 05807759 2025-12-31 05807759 2025-01-01 2025-12-31 05807759 frs-core:CurrentFinancialInstruments 2025-12-31 05807759 frs-core:Non-currentFinancialInstruments 2025-12-31 05807759 frs-core:FurnitureFittings 2025-12-31 05807759 frs-core:FurnitureFittings 2025-01-01 2025-12-31 05807759 frs-core:FurnitureFittings 2024-12-31 05807759 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-12-31 05807759 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 05807759 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 05807759 frs-char:CharitableCompanyLimitedByGuarantee 2025-01-01 2025-12-31 05807759 frs-bus:FullAccounts 2025-01-01 2025-12-31 05807759 frs-bus:MediumEntities 2025-01-01 2025-12-31 05807759 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 05807759 frs-bus:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 05807759 frs-char:TotalUnrestrictedFunds frs-core:Non-currentFinancialInstruments 2025-12-31 05807759 frs-char:TotalUnrestrictedFunds 2024-12-31 05807759 frs-char:TotalUnrestrictedFunds 2025-12-31 05807759 frs-char:TotalUnrestrictedFunds 2025-01-01 2025-12-31 05807759 frs-char:UnrestrictedFundsGeneral 2024-12-31 05807759 frs-char:UnrestrictedFundsGeneral 2025-01-01 2025-12-31 05807759 frs-char:UnrestrictedFundsGeneral 2025-12-31 05807759 frs-char:IndependentExaminationCharity 2025-01-01 2025-12-31 05807759 frs-countries:EnglandWales 2025-01-01 2025-12-31 05807759 frs-char:Trustee1 2025-01-01 2025-12-31 05807759 frs-char:Trustee2 2025-01-01 2025-12-31 05807759 frs-char:Trustee3 2025-01-01 2025-12-31 05807759 frs-char:Trustee4 2025-01-01 2025-12-31 05807759 frs-char:Trustee5 2025-01-01 2025-12-31 05807759 frs-char:Activity1 2025-01-01 2025-12-31 05807759 frs-char:Activity2 2025-01-01 2025-12-31 05807759 frs-char:Activity3 2025-01-01 2025-12-31 05807759 frs-char:Activity4 2025-01-01 2025-12-31 05807759 frs-char:Activity5 2025-01-01 2025-12-31 05807759 frs-char:Activity6 2025-01-01 2025-12-31 05807759 frs-char:Activity7 2025-01-01 2025-12-31 05807759 frs-char:TotalUnrestrictedFunds frs-char:Activity7 2025-01-01 2025-12-31 05807759 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2024-12-31 05807759 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-12-31 05807759 2023-12-31 05807759 2024-12-31 05807759 2024-01-01 2024-12-31 05807759 frs-core:CurrentFinancialInstruments 2024-12-31 05807759 frs-core:Non-currentFinancialInstruments 2024-12-31 05807759 frs-char:TotalUnrestrictedFunds 2024-12-31 05807759 frs-char:TotalUnrestrictedFunds 2024-01-01 2024-12-31 05807759 frs-char:UnrestrictedFundsGeneral 2023-12-31 05807759 frs-char:UnrestrictedFundsGeneral 2024-01-01 2024-12-31 05807759 frs-char:UnrestrictedFundsGeneral 2024-12-31 05807759 frs-char:Activity7 2024-01-01 2024-12-31
Company registration number: 05807759
Charity registration number: 1120851
The Warehouse Trust
Trustees' Report and
Unaudited Financial Statements
For The Year Ended 31 December 2025
Probusiness Ltd
Contents
Page
Trustees' Report 1—4
Independent Examiner's Report 5
Statement of Financial Activities (including Income and Expenditure Account) 6
Balance Sheet 7—8
Notes to the Financial Statements 9—17
Page 1
Trustees' Report
The trustees present their report and the financial statements for the year ended 31 December 2025.
Objectives and Activities
Aims and Objectives
The  Trustees have taken on the management of the Warehouse building for economic and social well-being of the Langport area and to ensure long term preservation of the building.
The objects of the company are for the benefit of the people of Somerset to:
Preserve the historical, architectural and constructional heritage that may exist in and around Langport buildings of particular beauty or historical, architectural or constructional interest and promote sustainable development for the benefit of the public by:
the preservation, conservation and the protection of the environmental and the prudent use of natural resources; the relief of poverty and the improvement of the condition of life in socially and economically disadvantaged communities; and the promotion of sustainable means of achieving economic growth and regeneration.
The Company continues to maintain the historic warehouse listed building in Langport.
Public Benefit
The trustees have referred to the guidance contained in the Charity commission's general guidance on public benefit when reviewing the aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set whilst particularly making sure that we maintain a solid and positive financial position.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
Achievements and Performance
Main Achievements
The trading year of 2025 continued to present challenges for our community-based heritage and commercial building, particularly around operating costs, changing working patterns, and fluctuations in tenant occupancy. Despite this, the Trustees have worked proactively to maintain a stable position whilst continuing to preserve and promote the Warehouse building as an important community and business asset for Langport.
Office occupancy fluctuated throughout the year with tenants moving in and out of the building. Whilst rental income reduced overall, the year concluded positively with only one vacant office remaining. Trustees continue to monitor occupancy closely and explore flexible approaches to workspace provision in response to changing demand patterns.
Hot desking activity increased during the year and proved to be a valuable and well-used offer, particularly for local businesses, remote workers, and project-based users seeking flexible workspace. In contrast, meeting room hire saw a reduction compared to previous years, reflecting wider changes in working practices and community usage patterns.
...CONTINUED
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Main Achievements - continued
The Trustees and operational team continued to strengthen the organisation’s digital presence through improved social media activity and more consistent marketing. This has resulted in increased engagement, improved visibility of the building and its activities, and greater awareness of the facilities available at Great Bow Wharf and the Warehouse building.
A wider range of events and activities were trialled throughout the year in an effort to increase footfall, encourage community participation, and maximise use of the building. Some events were successful and well attended, whilst others demonstrated the continuing challenge of rebuilding regular participation and consistent engagement patterns following the long-term impacts of the Covid period and wider economic pressures.
The cost of utilities and general building operations continued to be monitored carefully throughout the year. Significant increases in maintenance and repair costs were experienced, reflecting the age and condition of the historic listed building. Trustees recognise that substantial refurbishment and investment works will be required in the coming years to preserve the building and ensure its long-term sustainability.
The day-to-day operation of the building continues to be managed by SBA Worldwide CIC on behalf of the Trustees. The partnership arrangement remains positive and productive, with the SBA team continuing to support operational delivery, tenant liaison, building management, marketing activity, and wider community engagement.
During the year, the Trustees worked closely with Langport Community Church Trust and SBA Communities CIC on the development and progression of the Accelerating Reform Fund initiative. This partnership model positions the Warehouse Trust as the governance and accountable body, The Angel as the visible and accessible community delivery space, and SBA CIC as the operational delivery lead. The initiative focuses on strengthening preventative community support, reducing social isolation, improving access to local services, and supporting more joined-up community-based approaches to wellbeing and adult social care reform. 
The Trustees believe this collaborative approach represents an important opportunity to strengthen community resilience, develop more sustainable local support systems, and maximise the use of key community assets within Langport and the surrounding area.
The Trustees were also pleased to welcome Eve Turner as a new Trustee in July 2025. Eve brings creativity, community insight, and a strong commitment to inclusive community activity and engagement, further strengthening the breadth of experience and perspectives within the Trustee group. 
The Trustees remain grateful to all tenants, volunteers, partners, customers, and supporters who continue to contribute to the ongoing success and sustainability of the Warehouse building and the wider activities connected to Great Bow Wharf. The Trustee group remains relatively small and would welcome additional trustees who can provide strategic support, professional expertise, and creative input to help shape the future development of the Trust and the building.
Structure, Governance and Management
Governing Document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Page 2
Page 3
Reference and Administrative Details
Trustees
Mrs Julia Gadd
Mrs Susan Shipway
Mr Clive Sills
Mr Philip Snowden
Ms Eve Turner (appointed 09/07/2025)
Charity Number
1120851
Company Number
05807759
Independent Examiner
Probusiness Limited
Probusiness Ltd
Mendip Court
Bath Road
Wells
BA5 3DG
Page 3
Page 4
Other Information
Grant Funding
The charity received grant funding of £3,000 in the previous financial year in respect of a specific project. The grant was recognised as income in that year. During the current year, project expenditure of £2,500 has been incurred in accordance with the purpose of the grant.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr Clive Sills
Trustee
24 July 2026
Page 4
Page 5
Independent Examiner's Report to the Trustees of The Warehouse Trust
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.
Responsibilities and Basis of Report
As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
  2. the accounts do not accord with those records; or
  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Probusiness Limited
24 July 2026
Mendip Court
Bath Road
Wells
BA5 3DG
Page 5
Page 6
Statement of Financial Activities (including Income and Expenditure Account)
2025 2024
Unrestricted funds Unrestricted funds
Notes £ £
INCOME AND ENDOWMENTS FROM:
Charitable activities:
Grants received - 3,359
Other trading activities 3 72,157 79,301
Investments 4 102 123
72,259 82,783
EXPENDITURE ON:
Raising funds 6 (93,362 ) (82,416 )
Charitable activities: 6
NET (EXPENDITURE)/INCOME (21,103 ) 367
NET MOVEMENT IN FUNDS (21,103 ) 367
RECONCILIATION OF FUNDS:
Total funds brought forward 496,826 496,459
TOTAL FUNDS CARRIED FORWARD 15 475,723 496,826
The notes on pages 9 to 15 form part of these financial statements.
Page 6
Page 7
Balance Sheet
2025 2024
Unrestricted funds Total funds
Notes £ £
FIXED ASSETS
Tangible Assets 9 26,322 30,851
Investment Properties 10 700,000 700,000
726,322 730,851
CURRENT ASSETS
Debtors 11 5,787 4,683
Cash at bank and in hand 21,058 9,928
26,845 14,611
Creditors: Amounts Falling Due Within One Year 12 (45,812 ) (14,525 )
NET CURRENT ASSETS (LIABILITIES) (18,967 ) 86
TOTAL ASSETS LESS CURRENT LIABILITIES 707,355 730,937
Creditors: Amounts Falling Due After More Than One Year 13 (231,632 ) (234,111 )
NET ASSETS 475,723 496,826
FUNDS OF THE CHARITY
Unrestricted Funds 475,723 496,826
TOTAL FUNDS 15 475,723 496,826
Page 7
Page 8
For the year ending 31 December 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of trustees on 24 July 2026 and were signed on its behalf by:
Mr Clive Sills
Trustee
24 July 2026
The notes on pages 9 to 15 form part of these financial statements.
Page 8
Page 9
Notes to the Financial Statements
1. General Information
The Warehouse Trust is a company limited by guarantee, incorporated in England & Wales, registered number 05807759 and registered charity number 1120851 . The registered office is .
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: 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 (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The charitable company is a Public Benefit Entity as defined by FRS 102.
2.2. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.  Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2.3. Incoming Resources
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
2.4. Resources Expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
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Page 10
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 10% on Cost (Improvements To Property)
Fixtures & Fittings 15% on Cost and 15% Reducing Balance
2.6. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the statement of financial activities.
2.7. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.8. Taxation
The charity is exempt from tax as all its income is charitable and applied for charitable purposes.
3. Income from Other Trading Activities
2025 2024
Unrestricted funds Unrestricted funds
£ £
Service charges 94 148
Room Hire 6,447 6,830
Refreshments 1,360 479
Office Rentals 31,057 38,773
Recharged Costs 11,741 11,998
Equipment Hire 458 73
Cafe Rental Income 21,000 21,000
72,157 79,301
4. Investment Income
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2025 2024
Unrestricted Unrestricted
funds funds
£ £
Other interest receivable 102 123
5. Net Income/(Expenditure)
The net (expenditure)/income is stated after charging/(crediting):
2025 2024
£ £
Depreciation of heritage assets 4,683 5,178
6. Analysis of Expenditure
2025
Activities undertaken directly Support costs
(see note 7 )
Total
£ £ £
Raising funds 20,666 72,696 93,362
2024
Activities undertaken directly Support costs
(see note 7 )
Total
£ £ £
Raising funds 15,497 66,919 82,416
Repairs and Maintenance:
Expenditure during the year was impacted by significant one-off remedial maintenance works undertaken to address building safety, compliance, and regulatory requirements. These costs were necessary to protect the long-term integrity of the building and ensure continued safe use by the public.
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7. Support Costs
2025
Raising funds
£
Employee costs 21
Premises expenses 33,990
General administration 9,177
Depreciation 4,683
Interest payable 19,101
Governance costs 5,724
72,696
2024
Raising funds
£
Premises expenses 27,369
General administration 8,750
Depreciation 5,178
Interest payable 20,883
Governance costs 4,739
66,919
8. Average Number of Employees
Average number of employees during the year was: NIL (2024: NIL)
- -
9. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2025 12,328 54,281 66,609
Additions - 154 154
As at 31 December 2025 12,328 54,435 66,763
...CONTINUED
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Depreciation
As at 1 January 2025 3,698 32,060 35,758
Provided during the period 1,233 3,450 4,683
As at 31 December 2025 4,931 35,510 40,441
Net Book Value
As at 31 December 2025 7,397 18,925 26,322
As at 1 January 2025 8,630 22,221 30,851
10. Investment Property
2025
£
Fair Value
As at 1 January 2025 and 31 December 2025 700,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 700,000 700,000
11. Debtors
2025 2024
£ £
Due within one year
Trade debtors 5,652 4,548
Other debtors 135 135
5,787 4,683
12. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 15,974 5,685
Bank loans and overdrafts 1,555 2,634
Other creditors 26,874 3,260
Taxation and social security 574 1,954
Accruals and deferred income 835 992
45,812 14,525
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13. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 231,632 234,111
14. Loans
An analysis of the maturity of loans is given below:
2025 2024
£ £
Amounts falling due within one year or on demand:
Bank loans 1,555 2,634
2025 2024
£ £
Amounts falling due between one and five years:
Bank loans 231,632 234,111
15. Movement in Funds
As at 1 January 2025 Income Expenditure As at 31 December 2025
£ £ £ £
Unrestricted funds
General:
General unrestricted fund 496,826 72,259 (93,362 ) 475,723
Total funds 496,826 72,259 (93,362 ) 475,723
As at 1 January 2024 Income Expenditure As at 31 December 2024
£ £ £ £
Unrestricted funds
General:
General unrestricted fund 496,459 82,783 (82,416 ) 496,826
Total funds 496,459 82,783 (82,416 ) 496,826
16. Transactions with Trustees
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None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
17. Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure.
18. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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Detailed Statement of Financial Activities (including Income and Expenditure Account)
2025 2024
Total funds Total funds
£ £
INCOME AND ENDOWMENTS FROM:
Charitable Activities:
Grants received
Grants - 3,000
Other Income - 359
- 3,359
Other trading activities
Service charges 94 148
Room Hire 6,447 6,830
Refreshments 1,360 479
Office Rentals 31,057 38,773
Recharged Costs 11,741 11,998
Equipment Hire 458 73
Cafe Rental Income 21,000 21,000
72,157 79,301
Investments
Interest Receivable - Trading 102 123
102 123
72,259 82,783
EXPENDITURE ON:
Raising funds
Licensing (516) (347)
Management fees (17,400) (15,150)
Other direct costs (2,750) -
Travel and subsistence expenses (21) -
Rent (775) (275)
Rates (5,203) (4,210)
Light and heat (8,484) (10,796)
Repairs and maintenance (16,888) (4,493)
Cleaning (2,120) (5,795)
Caretaker (520) (1,800)
Computer and IT consumables (85) (782)
Insurance (2,648) (2,688)
Printing, postage and stationery (110) (73)
...CONTINUED
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Advertising and marketing costs (273) (332)
Training seminars and workshops - (100)
Telecommunications and data costs (4,553) (4,428)
Charitable donations (25) -
Other office stationery expenses (1,084) (131)
Catering - Refreshments (399) (216)
Depreciation of heritage buildings (4,683) (5,178)
Bank interest payable (18,888) (20,668)
Bank charges (213) (215)
Accountancy fees (5,724) (4,739)
(93,362) (82,416)
(93,362) (82,416)
NET (EXPENDITURE)/INCOME (21,103) 367
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