The charity's trustee5 are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent exarnination is needed. It is my responsibility to: examine the accounts under settion 145 of the Charities Art, to follow the procedures laid down in the general Direction5 given by the Charity Commission (under section 14515)(b) of the Charities Act, and to state whether particular matters have come to my attention. My examination was carried out in accordance with general Directions given by the Charity Commission. 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 seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given a5 to whether the accounts present a "true and fairf, view and the report is limited to those matters set out in the statement below In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect: accounting records were not kept in accordance with section 130 of the Charities Act or the accounts do not accord with the accounting records I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. STEPHEN JORDAN STAVA Accountancy Limited Basepoint Business Centre Rivermead Drive Swindon SNS 7EX
Walcot Community Shop - Company No. 04127413 WALCOT COMMUNITY SHOP Management Committee Report and the Financial Statements for the year ended 31st December 2024 Registered Charity Number (England & Wales): 1085249
Walcot Community Shop - YE Dec 2024 WALCOT COMMUNITY SHOP Report of the Management Committee for the year ended 31st December 2024 The Direttors present their report and the financial statements for the year end 31st December 2024 PRINCIPAL ACTIVITY THE RELIEF OF POVERTY AND THE ADVANCEMENT OF EDUCATION IN THE DESIGNATED AREA BY THE PROVISIONS OF TRAINING AND OF A mEING PLACE FOR LOCAL COMMUNrrY GROUPS. Registered Company Number (England & Wales): 04127413 Registered Charity Number (England & Wales): 1085249 Registered Office: Walcot Community Shop Unit 5 Sussex Place Walcot Swindon SN3 3FS Bankers: Barclays Bank 28 Regent Street Swindon SNI IQB The direttors who seryed during the period were: Directors: Peter Mallinson Joseph Haracz (Company Secretary) Caroline Mallinson Peter John Mallinson Retiring Directors: The Company, incorporated under the Companies Art, is limited by guarantee and does not have a share capital. The Company 15 registered as a charity with the Charity Commissioners of England and Wales. SMALL COMPANY RULES These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. This report was approved by the trustees on 2025 and signed on its behalf. Joseph Ha cz (Company Secr Page 2
Walcot Communlty Shop - YE Dec 2024 WALCOT COMMUNITY SHOP srATEMeNT OF FINAf4CIAL ACTivrriES (Including Incomt & Expenditure Account) For the Year Ended 31st Detember 2024 Restrirted ilnrestrlcttd Funds Funds 2024 Total 2023 Total Incomino Resour Activltl•s in furtherance of Charitable ObJ•cts: Income from Charitable Tradino Jnvestment Income 46.540 loo 46,540 Loo 51,865 Donations & 1mbUr$eMentS Other Income TOTAL INCOMING RESOURCES 46.640 46,640 51,865 Resources Expended Costs In furtherance of Charitable Objects: Community Grants Awarded 9.493 9,493 8,326 2,965 2.965 28,687 Govemance & AdminSstration 1,033 1,033 1.167 Costs of G•neratlng Funds: Fundraising & Publicity Total resourcts expended 13.491 13.491 38,180 NET MOVEMENT OF RESOURCES for the year 33,149 33.149 13,685 FLtnds at l January 2024 141.225 141,225 127,540 Fund5 at 31 December 2024 174.374 174,374 141,225 All of the charity's operations are classed as continuing. Page 3
Walcot Community Shop - YE Dec 2024 WALCOT COMMUNITY SHOP BALANCE SHEET AS AT 31ST DECEMBER 2024 Notes Restricted Unrestricted 2024 Total 2023 Total Tangible Fixed Assets 2,041 2,041 2,721 Current Assets Debtors and Prepayments Cash at bank and in hand 208,109 208,109 171,884 Creditors: Amounts falling due within one year 210 210 210 Net current assets 207,899 207.899 171,674 Net assets 209,940 209,940 174,395 Funds Restricted funds Unrestricted funds: Retained Surplus Funds b/d 33,149 183,712 33,149 183,712 13,685 170,027 Total funds at 31st December 2024 216,861 216,861 183,712 For the year ending 31st December 2024 the company was entitled to exemption from audit under sertion 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with settion 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Att with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to the small companies regime. Approved by the direttors and signed on their behalf by: Date: Joseph Haracz (Company Secreta 14 /zGg The notes on pages 5 and 6 fom part of these accounts. Page 4
Walcot Community Shop - YE Dec 2024 WALCOT COMMUNITY SHOP Notes to the Financial Statements for the Year Ended 31st December 2024 I. ACCOUNTING POLICIES Basis of Accounting The financial statements have been prepared under the historic cost convention in ccordance with the Financial Reporting Standard for Smaller Entities and the Statement of Recommended Practice.. Accounting by Charities SORP 2005 (revised 2008) and the Charities Act 2011. The Financial Statements have been prepared on the basis of the company continuing as a going concern. Restricted funds Restricted funds are to be used for specified purposes as laid down by the donor. Unrestricted Funds Unrestricted funds are donations and other income received or generated for the object of the charlty without further specified purpose and are available as general funds. Governance & Administration Costs Governance & Administration Costs of the company relate to the constitutional and statutory costs of running the charitable company and includes any costs which cannot be specifically identified as providing for charitable artivities. Depreciation of tangible assets Tangible assets are stated at cost less depreciation, which is charged at rates calculated to write off the cost over their expected useful lives as follows: Motor Vehicles, Office and other fixed equipment at or greater than a purchase price of £250 at 250/0 reducing balance method. 2. TOTAL INCOMING RESOURCES Restricted Unrestricted 2024 Total £ 2023 Total £ Income from Charitable Trading: Sales Rags Photocopying 46,540 46,540 51,865 Bank Interest Other Income Donationslreimbursements 2,282 loo 2,282 loo 687 48,922 Page S
Walcot Community Shop - YE Dec 2024 WALCOT COMMUNITY SHOP Notes to the Flnancial Statements ftir the Year Ended 31st December 2024 3. TOTAL RESOURCES EXPENDED Unrestricted Restrrrted 2024 Total £ 2023 Direct Charitable Expenditure: Rent Waste services Telephone Utilities charges Training Travel expenses Insurance Repairs & Maintenance Fixtures & Fittings/security Motor Motor Vehicle Subscriptions Sundries 662 645 662 645 512 702 2,247 2,247 1,808 1,033 594 2,236 1,254 921 988 369 737 1,510 1,033 594 2,236 1,254 321 501 321 501 674 105 Other Expenditure: Community grants awarded Donations Community Lunches 2,965 2,965 28,687 Governance & Administration: Fees & bank charges Accountancy & Professional Fees Stationery Postage & Printing AGM Costs Depreclation 250 80 23 250 80 23 210 51 680 680 906 13,491 13,491 38,180 4. NET MOVEMENT OF RESOURCES The net movement of resources for this financial year is stated after charging depreciation of £680. 5. TAXATION As a registered charity Walcot Community Shop obtains exemption from taxation under settion 505 of the Income and Corporation Taxes Act 1988 and no provision for deferred taxation is required. Page 6