ALL ABOARD SHOPS LIMITED
DIRECTORS, AND TRUSTEES, REPORT
AND ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2022
Company No: 02571767
Charity No- 1125462

'ALL ABOARD, SHOPS LIMITED
REPORT AND ACCOUNTS
CONTENTS
Paga
Directors, and Trustees, Report
Independent Auditor's Report
8-10
Slatement of Financial Activities
Balance Sheet
12
ststement of Cash Flows
13
Notes to the Accounts
14-21
Page 11

'ALL ABOARD, SHOPS LIMrrED
DIRECTORS, AND TRUSTEES, REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2022
The trustees are ple8sed lo present their annual directors, report together with the financial slalemenls of the chaTty
for the year ended 3181 December 2022.
The finanGial statements ¢omply with the Charities Act 2011. the Companies Act 2006, th8 Mémorandum 8nd Articles
of Association, and Ac¢ounling and Reporting by Charities.. Statements of Recommended PraclKe applicable lo
charities preparing their accounts in accordance with the Financial Reporting St8nd2rd applicable in the UK and
Republic of Ireland {FRS 1021 leffeclwe 1 January 2019}.
OUR PURPOSE AND ACTIVITIES
The principal aims and objectives of the Charily are lo operal? retail shops. The profrf(s from such operations beiE)g
donated for the benefit of UK Charities and lo promoté thè ideals of recycling and working for a cleaner and heallhter
environment.
1. The prolecltin and preservation of the environment for the public benefit is..
al the promolion of waste reduction, re.uge reclamation. use of recycled products and the use of surplus
items
bl advancing th& education of the public about all aspects of waste generation. waste management and
waste re-cycling
2. To make grants lo such registered charities in accordance wilh the law for England and Wales, as the
Trustees see fil.
The role and contribution of volunteers
Approximatety 204 volunteers regularly contributed lo thE work of the ¢harily during the year.. working in a range of
a¢livilies both in the shops and the head off￿e lo support and complement our professional slaff.
All Aboard provKlgs conslructive volunteer opportunities fc)r approximately 204 volunteers many of whom are..
newcomers lo the UK who wish lo bèller their Engllsh and understanding of our culture as they prepare
themselves for paid employment,
mothers Taisirig children with some spare time,
people who have taken a career break and want lo ielurn to the working Nvorld,
retirees looking lo'give back lo society,.
school students lover 16 years old) gaining wotk experience. progressing their Duke Df Edinburgh Certificates,
improving their UCAS applications and building a CV.
people who have suffered long lemi ill health and wish lo return lo the woiking worfd to bu1￿ on their confidence
or anhanca their CV.
Public Benefit statement
In shaping our objectives for the year and planning our a¢livilies, Ihe trustees have considered the Charity
Commission's guidance on public benefit. including the guidance 'publiG benefit,. running a charity IPD21. The
achEvernenls and adivilies above demonslrale the public benefit arising through thè Charity's activities.
Grant making policy
The charity has sel up a small ¢ommillee ol Iruslees lo consider applications Irom grant seeking registered charities.
All applications musl complete a short questionnaire rèquesting some basic information on their slalus, financial
position and use of the grant requested, if successful. The Gommillee foEuses on Ihe smalle¥ charities, which provide a
valuable service lo the community. Our poli¢y is lo providè funds for smaller andlor locally based charities whose
crilÈrB accord with the objects ol our Bonstilution.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
'All Aboard, Shops Limited is a company limited by guarantee and not having a capital divided by shares.
The company was in¢orporaled on 4th January 1991 and registered as a charity on 11th August 2008. 11 is a registered
charity consliluled 8S 8 limited company under the Memorandum and Art￿leS of Association. The Charity'8
registration number is 1125462 and thè company registration number is 02571767.

'ALL ABOARD, SHOPS LIMITED
DIRECTORS. AND TRUSTEES, REPORT (Contld)
FOR THE YEAR ENDED 31ST DECEMBER 2022
Recrultment and appointment of Trustees
As sel out in the Art￿leS of Association, the Chair of the Trustees is nominated by existing Trustees. The Directors of
the organisalion are also the Charity's Trustees for the Purposes ol cherity law.
The Board ol Trustees has the power lo appoint additional Trustees as Il ConS￿erS fil to do so,
The Trustees have no beneficial interest in the Gompany other than as members. The Trustees are also the directors
of tho company. All of the Trustees are members of the company and guarantee lo ¢ontribule £100 each in event of
nding up while they are a trustee or within 12 months of them ceasing to be a trustee,
Trustge Indu¢llon and trainln9
The Trustèes recognise the importance of maintaining a good working knowledge of Gharily and company law and
b&st practis8 by reading appropriate publications and 8llendance al chaTily and company courses run by outside
providers.
New Trustees are given copies of the MemDrandum and Articles of Association.
Organisation
The Board of Trustees, which ¢omprises seven members, administers thè Charity. The Board meets periodically to
review the affairs of the Chaiily and to consider strategies and operations. To facililale aclivilies, the Board have
delegated aulhorily. within tems ol delegation approved by the Trustees, for operational mallers including financial,
employment and other related adivilies. All decisions relating to strategy and policy are made by the Board of
Trustees.
Key management personnèl remuneratlon
The remuneralic>n of the CEO is decided by the trustees and the remuneration of tha key management pèrsonnel is
determined in the first In51an¢e by the CEO and subsequently approved by the Board. There 8re regular appraisals
between the CEO and key personnel during wh￿h individual pèrfo¥manGe criteria are established and a mechanism
for measvremenl agreed.
Related Parties
The Charily does not have transactions with relal8d parties or other charities and organisalions with which it co-
operates In pursuit ol ts charitable obje¢lives.
Risk management
The Trustees have a risk tmanagemenl strategy which ¢omprises:
HIO & ShDP H&S Risk Assessments are Garried out by an external H&S company twicè a year. Meetings with
the H&S company and management team are held regulaily lo reV￿W risk assessment findings and act on
findings.
Manual Handling - Staff 2nd Volunteers are trained in manual handling, trips. slips and falls by our external
H&S company and regulaT updates 8nd refresher training is undertaken.
Safeguarding
we have an up-lo-date SafeguaTding Policy that is regularly reviewed and updated by our
Employee HR provider.
Data Proleclion-wè have a ded￿ated Data ProteGlion Officer lo ensuie wè are Data & GDPR complianl. The
charity has been audited by the Data Pr(>lection Officer and his findings have been aclioned by the Senior
Leadership Team and shared wtlh the Chairman of the Board.
IT Systems -we have a dedicated IT provider who manages and oversees the majority of our IT systems,
emails and online servi¢6s remotely.
Disaster Recovery Plan-foliowing the Covid pandemic and the subsequent closure of our shops and our HIO
we now have in place a Disaster Recovery plan that allows key HIO personnel lo work remotèly and acGess
business information on a cloud platform in the everbt of a lire or similar disaster to the HIO building or
infra51iu¢lure so that the day lo day running of the charity Gan continue uninlerrupled. Our HIO telephone
system can be redirected lo a dedicated mobile phone. so oui donors, customers and staff have
communication with All Aboard and key personnel.
Thè Board of Trustees number seven. all of whom Come with exlensive 8xperience in the retail. professional
and comme¥cial f1elds. The Board holds regularty meolings Ihrouuhoul Ihe year with the CEO and Executive
staff.

'ALL ABOARD, SHOPS LIMITED
DIRECTORS, AND TRUSTEES, REPORT (Conud)
FOR THE YEAR ENDED 31ST DECEMBER 2022
ACHIEVEMENTS AND PERFORMANCE
2022 has proved lo be our most suc¢essful trading year yel lor the All Aboard Charity Shops. This success allowed
the charity lo make ils largest yearty morbelary dtslribulion since its inceplion some 30+ years ago. We were delighted
lo be able lo make giants lo over 70 different charities lo help support them and their vital Work,. after all
'¢t's all
about the charities we SUPPDrt'.
The SUC￿$$ of our shops was down to the incredibly hard work of our staff and volunteers. This was couplecl with the
strategic decision we look in 2021 to change the shop management structure which has given the shop teams
structured, one to one support and largeled management. We have invested in staff training in the areas of ¢usloffler
service, conflict management resolution, stock merchandising and visual merchandising which has seen customer
satisfaction scores through myslery shopping surveys increase a¢ross the shop pori101￿.
This training continues to pay off and we are humbled and delight￿ that, for the Second ypar running, a member DfAII
Aboard Charity Shops staff has made the final three IDr the coveted Charity Retail Association Retail Employee of
the Year Award held each year al the CRA Conference. Whilst we did not win the outright award, this is a national
accolalle and we were up against some of the bigoesl charity retailers in the UK. so for our staff lo be ranked so highly
is a huge achievement.
Retall touchpolnts & brandlng
FollowFng a rebianding exercise a few years back. we have almost completed the roll out of new fascia's across the
shop portfolio with the remainder due for completion by the end of 2C123.
We were able to open one new shop in 2022. This shop was the first to adopt a new. brighter look and feel by
adopting the refreshed brand idenlily throughout the shop's inlerior. Southgale had been our radar for a number of
years and despite hug8 8fforts by the Board and Senior Le8éèr8hip Tèam lo aequir@ a silè, il has taken the best part
of 14 months lo gel an 'AII Aboard, presence in the distriGt. We continue lo aclivety look for new siles.
This new design concept will be used for all new shops as well as refits, the first of these being our East Finchley shDP
which recewed a major refil in Q4. Aside from this new, vibrant look and feel, we piloleci a new merchandising layout
which maximises selling space and shop presentation. Feedback from the shop team and customers has been
posilThie and with a little Tefinemenl, gives us a solid lemplale for future filouls.
A strategic decision lo develop our'bricks and clicks, offering in 2021 continues ID bear fruit, with our eBay dèpartment
having had ils most successful year ever with record income and record nel proffi. This has had the particular
advantage of raising awareness and generating sales from new audtences. even geneTaling sales from overseas, that
would not have beèn possible befoie.
FINANCIAL REVIEW
Thè Statement of tinancial Acltvilies showed a nel surplus, after dislribulions, of £124,243 12021 266,760} for the
year and reserves sland al £883.39512021 - £759,152).
During the year 2022 the Charily made donations of £258.454 {2021- £200,000) lo UK Charities.
Principal Funding Sources
Piincipal funding Sources are sale of donated goods through the Charity's Shops.
Investment powers and policy
The Memorandvm and Arti¢les of Association aulhoris¢s the Trustees lo make and hold investments using the general
funds of Ihe Charity. The Iruslees have the power lo invest in any way that they see fit.
Reserves pollcy
Al the Balan¢8 Sheet dale, the charity's rès8rves wère £883,395. Th8 Twstèes havè sèl a minimum level of reserves
al £400,000, which is equivalent of 2 months overheads on the basis of the completed reorganisalion. Thi5 will be
reviewéd al the next year end.
Page 14

'ALL ABOARD, SHOPS LIMITED
DIRECTORS, AND TRUSTEES, REPORT (Conud)
FOR THE YEAR ENDED 31ST DECEMBER 2022
Sustainability
All Aboard Charity Shops is a professional and environment811y aware organisalion that acknowledges the impact ils
operations may polènlially have on the environment and so we are continually monitoring our energy use and
associated greenhousè gas emissions. We aim lo work lowaTds environmental best practice and minimis8 any impact
on the environment wherever possible. In so doing, we have taken the following approach to our practices-
Consldering the effect that our operations may have on the local and wider community.
Taking action to eliminate or reduce, as far as practicable, any potential adverse environmental impacts.
Behaving in a COns￿erate and socially responsible manner.
Ensuring effective and expedient incident control. inv@sligalion, and Teporting.
On a micro level, we have already slopped the procuremenl of single use plastics. continue our migration from paper-
based to digilal-firsl reporting and communications and reducing travel I facilitating car-shariny where possible. On a
macro levèl, we alsD continue lo reduce our carbon footprint by moving lowar4s more efficient energy use across our
shop portfolio and haulagè.
Due to the signifi¢anl increase in wholesale price of energy in early 2022 we made the decision lo convert all
traditional lighting sources across the charity lo LED bulbs. Despite the sizeable initial investment to replace the
"legacy. fluorescent bulbs, we are projècling a substantial cost saving on oui annual eneigy bills, a reduction in heal
emissions as well as being able to prestrnt a mDre unlform Ilght displacement across each shop.
e have already taken the first steps in moving our fleet of 6 vehlcles13 x diese1 vans & 3 x petrol self-charging hybrid
vehicles) lo all eleGtri¢ power, the first of which is expected lo be in service by the end Df May 2023. As each vehicle's
lease leTm ends it will be replaced with an equivalent electric vehicle and we expect to operate a fully electric fl88t by
the end of 2025.
Working with our new recycling p8rtner 'Chorce', we are now able ID beller estimate our carbon saving across the
shops. hèad office and warehouse operations. FTDM the 1 st January 2022 10 31st DeGember 2022, All Aboard Charity
Shops estimate a total reduction in landfill waste of 3.374.294.42 kg.C02erronne - Carbon WARM. normalised vs
landfill Ikg.C02ellonnel, comprising..
Textiles- 215.340 kg
Shoes-41,162 kg
Books- 64,407 kg
Household Items- 25.368 kg
Electrical Item5 1.158 kg
FUTURE PLANS AND DEVELOPMENTS
To open a minimum of 2 new shops in 2023.
To continue lo develop and embed our volunteer strategy into our organisalions by pulling volunteers al the
heart of everything we do.
To raise the profile of our charity with various stakeholders including chaiilies that we support, customers,
donors and the general public to encourage and help raise mofe donations and therefore income.
To continue the development and training of all our staff alld volunteers so each individual has the opportunity
lo develop Ihelr skills. This means we will have a happy, skilled workforce with high retention rales.
To look al nèw income opportunities using a pop-up shop model.
The continued development of our CRM system across all arèas ol our organisation lo streamline staff and
management time. Not onty will this bling ¢Dsl savings, bul will also improve relationships wilh donors,
customers, staff and volurbteers.
To continue to develop strongei reciprocal lies wllh our many charity partners for the benefit ol both
organisalions.
Page 15

'ALL ABOARD. SHOPS LIMITED
DIRECTORS, AND TRUSTEES, REPORT (Conud)
FOR THE YEAR ENDED 31ST DECEMBER 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Company Number.. 02571767
Charity Number. 1125462
Directors and Trustees:
l H Brecker
Chair
B A Finch
Resigned on 14 October 2021
R L Lipson
HJRose
M H Wernicke
N R Kelsey
D Ordman
DRShaw
R Grossman
J l Leimer
Resigned on 01 January 2022
Appointed on 25 Augtssl 2021
Secrètary:
B Shirion
Senlor Leadership Team:
A Haynes
Chief ExÈculive Officer
B Shirion
Financial Controllèr
S Kostick
HR Manager
Registered Offlce: Stella Lucas House, Unil 10. Colne Way Court, Colne Way, Wallord WD24 7NE
Audltors: SKS Audit LLP. 3 Sheèn Road, Richmond Upon Thames, TVV9 1AD
Bankers.. Nalwesl Bank Plc, Tavislock House. TavisloGk Square. London WC1 H 9XA
TRUSTEES. RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The Trustees (who are also (iireclors of 'AII Aboard, Shops Limited for the purposes of company lawl are responsible
for preparing the Trusteès, Annual Report the financial statements in a¢¢ordance with applicable law and Uniled
Kingdom Accounting Standards (Uniled Kingdom Generally AC￿pIed Ac¢ounting Practice}.
Company law requires the Trustees lo prepare financial 5talemenls for each financial year. Under that law the
Trustees have elected lo prepare the linanGial statements in accoréance with Uniled Kingdom Genèrally Accepted
Accounting Pra¢ti¢e {United Kingdom Accounting Slandards and applicable lawl. Undei company law the Trustees
musl not appfove the financial slatemer¥ls unless they are satisfied that they that give a true and fair view of the stste
of affairs of Ihe company and ol ils income and expenditure for that period. In preparin9 these financial statements. the
Twslees are requirèd lo:
select suilable aC￿Unting policies and then apply thèrn ¢onsistenlly.
Observe the mèlhods and principles in the Charities SORP.
make judgements and eslimales that are reasonable and prudent.
slate whether applicable UK Accounling Standards have been followed, subject to any material departurès
disclosed and explained in Ihe financial slatèmenls., and
prepare the financial slalemenls on the going concern basis unlèss it is InapprOpr￿le lo presume that the
charitable company will continue in business.
The Tru51ees are responsible for keèping adequate accounting records that disclose with reasonable accuracy 2t any
lime the financial position of the charitable company and enable them lo er)sure that the financial slalemenls comply
with the Gompanies Act 2006. They are also responsible lor safe9uarding the assets of thts ¢haiilabk company and
hence for 18king reasonable steps foi the prèvanlion and delecliDn of fraud and other iriegularilies.
The Iru5tees are responsible for mainlenan¢e and integrity of the corporate and linanctal information included on Ihe
charitable company's website. Legislation in the United Kingdom governing the Pfep8r811L)n and dissemination of
financial slalemenls may differ fiom legislation in other jurisdictions.

'ALL ABOARD, SHOPS LIMITED
DIRECTORS, AND TRUSTEES, REPORT (Contld>
FOR THE YEAR ENDED 31ST DECEMBER 2022
STATEMENT OF DISCLOSURE TO AUDITOR
In 90 far as Iht Tnjsleés are awwe..
IheTè is no Felevanl audit informal￿)n of which Ihè chaTilabl¢ company'9 auditor 15 unaware., and
thè TTuslees have takèn all Steps that they ought lo have taken lo make themselves aware of any felevant
audit informalion and lo establish that the chaiity's auditor aware ol that infomialion.
AUDITORS
A resolution will be proposed and agreod at the Annual General Meetlng that SKSS AL¢dii LLP be re-appointed as
audiloTS of the Charity for thE ensuing year.
The Teport of Ihe directors ha5 be8n prepayed taking advantage ol the sm811 companles, &xempli¢)n of $￿tiOn 415A ol
the Companles Acl 2006.
APPRO
OAR
ND SIGNED ON rrs BEHALF BY:
HOWARD BRECKER
HAIR OF TRUSTEES
171h May 2023
Page 17

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
'ALL ABOARD. SHOPS LIMITED
Opinion
We h8ve audited the financial slalemenls of'AII Aboard. Shops Limited foir the year ended 3151 December 2022, whtch
comprise the Slalemenl of Financial Activities (summary Incomè and Expenditure Accounll, balance shEel and notes
lo the financial slalemenls, including a summary of significant accounting policies. The financial reporting framework
that has been applied in their preparation is applKable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Praclicel.
In our opinwJn the financial slalemenls..
give a true and fair view ol the sl81è of the ¢harilable company's affairs as al 3151 De¢ember 2022 and of its
incoming resources and application of resources, including ils income and expenditure. for the yèar then ended.,
have been properly prepaied in accordance with Ur)iled Kingdom Generally Acceptéd Accounting Practice., and
have been prepared in accOrL1an￿ with the requirements of the Companiès Act 2006.
Basis for oplnion
We Conducted our audit in accordance with International Standards on Auditing {UKI IISAS IUK}l and appli¢able law.
Our responsibilitie5 under those standards are further described in the Auditor's responsibilities for the audit of th8
financial slalemenls secliDn of our report. We are independent of the company in accordance w¢lh the ethical
requirements that ale relewanl lo our audit of the financial slalemenls in Ihe UK, including the FRC'S Ethical Standard,
and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the
aLsdil evidence we have obtained is Suff￿lent and appropriate to provide a basis for our opinion.
Conclusions relatlng lo going concern
In auditing the financial slalemenls, we have concluded that the directors. use of the going concem basis of
a¢¢ounling in the preparation of the financial slalemenls is appropriate.
Based on the work we have performed, we have not ￿entIfIed any malefial uncertainties relaling lo events or
conditions that, individually or Co1￿ctIVelY, may cast Signifi￿￿1 doubl on the entity's ability lo continue as a going
concern lor a period of al least tWe￿e mDnths from when the financial slalemenls are authorised for issue.
Our responsibilÉties and the responsibilities of the directors with respect tD going concem are described in the relevant
sections of this report.
Other inforfflation
The other information comprisès the infoimalion included in the annual report, olher than the financial statements and
our audilorfs reporl thereon. The directors are responsible for the other information_ Our opinion on the financial
slalÈmenls does not cover the other information and. except lo the extent olhewise explicitly slated in Duf Teport, we
do not express any form of assuiance conclusion Ihereon. In connection with our audil of the financial slalemenls, our
responsibility is lo read the other information and, in doing $0. considei whether the other information is malèrially
inconsistent with the financial slalemenls or our knowledge obtained in the audit or othe￿iSe appears lo be materially
misstated. If we identify such material inconsistènciès or apparent material misslalemenls, we are required lo
determine whether there is a material misslalemenl in the financial slalemenls or a material misslalemenl of the other
informaliDn. If, based on the wc>rk we have perfomed. we conclude that there is a material misslalement of this other
information we are required lo report that fact.
We have nothing lo report in this regard.
Opinions on other matters prescribed by the Companies AGt 2006
In our opinion, based on the work undertaken in the course of Ihe audit..
Thè information given in the diieclors, report for the financial year for which the financial slalemenls are prepared
is Consistent with th¥ financial slalements.- and
The direGtor5' report has been prepared in accordance with appli¢able lagal rèquirements.
Page I

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF (Contld}
'ALL ABOARD, SHOPS LIMITED
Matters on which we are requir¢d to report by exception
In thè light Of the knowledge and understanding of the company and ils environment obtained in the course of the
audit, we have not identrfied material misslalemenls in the directors, report.
We have nothing to report in resptscl ol the following mallers in relation lo which the Companies Act 2006 requires us
to report lo you if, in OUT opinion..
adequate accounting records have not been kept or returns adequate for our audit have not been received from
blanches not visited by us-
the financial statements are not in agreement with the accounting rècords and retums.,
certain disclosures of trustees, remuneration specified by law are not made.,
we havé not received all the infoimalion and explanations we require for our audit".
the trustees were not enlilled to prepare the finanGral slatemenls in a￿oI￿ance with the small companies regime
and lake advantage of the small companies exemption in prèparing the Directors, and Trustees, Report.
Responsibilities of directors
As explained more fully in the directois, responsibilities slalements sel out on pages 5 and 6, the directors are
responsible for the preparation of the financial slalemenls and for being satisfied that they give a true and fair view,
and for such internal control as the diiectors determine is necessary to enable the preparation of financial slalemenls
that are free from material mi55tatemenl, whèther due ID fraud or error.
In prepa¥ing tha financial $18lemenls, the directors are responsible for assessing the company's ability lo ¢ontinue as 8
going concern, disclosing, as applicable, malleTS related to going ¢oncern and using Ihe going concern basis of
accoLfnting unless the direelors either intend lo liquidate the company or lo cease Operat￿1￿$. or have no realistic
allernalive bul lo do so.
Audltor's rèsponslbllities for the audit of thè financlal statements
Ou¥ objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misslatemenl. whethèr due ID fraud or efror, and lo issue an auditor's report that inclucles our opinion.
Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accoidance with
ISAS {UKI will ahMays delecl 8 material misslalemenl when it exists. Misstatements can arise from fraud or error and
are con$idÈrÉd malerial if, individually or in the aggregate, they couw reasonabty be expected to influen¢e the
economic decisions of users taken on the basis of these financial stalemenls.
Ifregularilies. including fraud, are instances ol non-complian¢e with laws and regulations. Wè dèsign procedures in line
with our responsibilities, outlined above, lo detect Tnalèrial misstat6menls in respect of iriegularilies, including fraud.
The extent to whlch our prwedures are capable of delecling irregulttrilies. including fraud, is detailed belDW'.
We gained an understanding of the legal and regulatory framework applicable to the company and the industry in
which it operates, and considered the risk Df acts by the company that were contrary lo applicable laws and
regulations, including fraud. INe discussed with the Directors the policies and proCedU￿S in place regarding
compliance wtih laws and regulations. We discussed amongst the audit team the identified laws and regulations and
remained alert lo any indications of non-compliance.
During the audit we focussed on laws and regulation5 which could reasonably be expected lo give rise to a material
misslalem?nl in the financial slalèmen&, including, bul not limited lo, the Companies Act 2006, UK lax legislation.
Charity Act 2011 anLI SORP 2019. Our lesls included agreeing the financi81 slatemenl disclosures lo underlying
supporting do¢umen121ion and enquiries with management.
Our procecfures in rèlation lo fraud included bul were not limited lo.. inquires of management whether they have any
kn(M￿ledge of any aGtual. suspected or alleged fraud, and discussions amongst the audit team regarding risk of fraud
such as opportunities for fraudulent manipulation of financial statements. We determined th81 the piin¢ipal risks related
to posting manual journal entries lo manipulate financial performan¢e and management bias through judgements in
aocounling estimates. We also addressed the risk of management ovèrride of internal controls, including le51ing
journals and appropriateness of other 6nlries in the nominal ledger,. ieviewing transactions around the end of the
reporting period,. and evaluating whether there was evidence of bias by the directors Ihat represented a risk of material
misstatement due lo fraud.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF {ConUd)
'ALL ABOARD, SHOPS LIMITED
Because of the inherent limitations of an audit, there is a r18k that we will not delecl 911 irregularities, including those
leading lo a material misslalemenl in the financial slalements or r¢on-compliance with regulation. This risk increases
the nKJre that compliance with a Saw or iegulalion is removed from the 8venls and transactions reflected in the
financial slalemenls, as we will be less likely to become aware of instances of non-compliance. The risk ts also greater
regarding irregularities occuriing due lo fraud ralher than error, as fraud involves intentional concealment. forgery,
collusion. omissKJn or rnisrepresenlalion.
A further description of our responsibilities for the audit of the financial slalemenls 18 located on the Financial
Reporting Council's website al www.frc.or
.uklauditorsres
onsibili118s. This d&scriplion fomis part of our audilorfs
report.
Use of OUT report
This report is made solely to the company's members, as a txxsy, in a¢¢ordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might slate to the company's members those
mallers we ale required lo slate lo them in an auditor's report and for no other purpose. To the fullest exlenl peimilled
by law, we do not accept or assume responsibility lo anyone olhei than the company and th& company's members as
a body. for our audit work, for this ieport, or foi the opinions we have formed.
JAMES FOSKETT Isenlor Statutory Auditor)
for and on behalf of SKS AUDIT LLP
CHARTERED ACCOUNTANTS
STATUTORY AUDITOR
3 SHEEN ROAD
RICHMOND UPON THAMES
TW9 1A0
25 May 2023
Page 110

'ALL ABOARD, SHOPS LIMITED
STATEivfENT OF FINANCIAL ACTIVITIES
SUMMARY INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31ST DECEMBER 2022
Unrestricted
Funds
Notes
2022
2021
Income
Grants, donalic>ns and legacies
184,433
184,433
632,963
Income from other trading a¢livilies
3,144,290 3,144,290
2,004,732
Investment income
1,250
1,250
22
other income
27,224
27,224
300,000
Total Income
3,357,197 3,357.197
2,937,717
Expènditure
Cost of raising funds
2.974,500 2,974,500
2.470.957
Expenditure on charitable activit￿S
Total expBnditLtre
258,454
3,232,954 3,232,954
258.454
200.000
2,670,957
Net incomèllexpendlturel and net movement In funds for the
year
124,243
124,243
266,760
RecOnC￿latfoR of funds
Total funds, brought lorward
Total funds. carriod foNard
759,152
883,395
759,152
883,395
492.392
759,152
Thè Slalemenl of Financial Activities also complies wsih the Tequiremenls for 8n income and expenditure a￿o￿nI
under the Companies Act 2006.
CONTINUING OPERATIONS
None of Ihe company's activilies were acquired or discontinued during thè 8bove financial peiiods.
TOTAL RECOGNISED GAINS AND LOSSES
The company has no recognised gains or losses other Ih8n the above movement in funds for the above financial
periods.
The notes on pages 14 10 21 foFm part of these accounts.
Page 111

'ALL ABOARD. SHOPS LWMTED
BALANCE SHEET AS AT 31ST DECEMBER 2022
2021
FlThl assets
Tanglblo fixed assets
1Z
261,446
165,QOf
cUmDtas￿ts
43
146,098
736.252
a82,350
434,954
384,768
819.712
Debtors
Cash at bank an(1 In hand
Liabllitieg
c￿dI1055￿l1ln9 duewlthln oneyear
14
1247.839)
(205,5481
634.511
614,174
Net turrentas$ets
(20.0231
Cre¢rrtor8 *dlling due aftei or* year
14
112.562}
883,396
Netassets
Thefunds •1thg cttsrlty
883,3
759,152
Unrestricted funds
Total charlty fvnd9
16
Tho Trustees have Frepared accounts In atCOTdance wth Section 398 of Ihe Gompanths Aet 2008 Ènd Secllcm 138 of
the ChaHlt85 Act 2011. These accounis are pRpwed In accordance wilh thè special prow*on5 01 Part 15 ol Ihe
ComaAle$ Acl relthg to small comp3tsi95 and con8titut• th8 annual occouDts requiRd by the Companies Act 20C6
and are forGkculabonto members of th8 Cornpany.
These accounts were approvèd by Board ol Dw£ctots and TnJste05 on 17th Z023 and weFe signed oft Its
b¢h811 by..
- HOWARD BRECKER
. JEFFREY LERVAER
Company Registration Mo: 025T1767
Tho notss on pages 14 10 21 form partofthese accounts.
Page 112

'ALL ABOARD, SHOPS LIMITED
STATEMETrTh OF CASH FLOWS
FOR THE YEAR ENDED 31ST DECEMBER 2022
Notes
2022
2021
Cash generated from operating activitiès
18
516.447
156,068
Cash flows from invèsting aclivltles
Interest incorne
Purchase of tangible fixed assels
1,250
1164,873}
22
139,2561
Cash provlded by I (used In) Investing activities
163,623
39,234
Cash flows from flnanclng activities
Interest on bomwing
11,3401
1447)
Cash used in financing activitips
1,3401
447
Increase I Ideuèasel in cash & cash equivalents in the year
351,484
116,387
Cash & cash equivalents al the baginning of the year
384.768
268,381
Total cash & cash equivalents at the end of the year
736.252
384,768

'ALL ABOARD, SHOPS LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2022
ACCOUNTING POLICIES
1.1 Basis of preparatlon of a¢¢ounÉs
Th8 financial slalemenls have bèen prepared in accordance with Accounting and Reporting by Ch8rfties'.
Stslemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effeclive 1 January 20191
(Charities SORP {FRS 1021}, the Financial Reporting Standard applicable in the UK an4 Republic of Ireland
IFRS 1021 and th8 Companies Act 2006.
Thè Chaiily meets the definition of 8 public benefit entity under FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary
amobunls in Ihese financial slalemenls are rounded lo the nearest £. The accounts (financial slatemenlsl have
been prepared under the historical cost ￿nvention with items recognised al cosl or Irans8clion value unless
otherwise staled in the relevant notels) to these aGcounls.
1.2 Preparation of accounts on a going concern basis
The Charty's Financial Statements show nel surplus 01 £124,243 for the year and free reserves of £634,511.
Having regard lo the level of reserves and the ongoing level of expenditure against unreslricled funds in
conjunGlion with the development of the organisalion's aGlivtty in the wming year, the Iru51ees are satiSf￿d that
the accounts should be prepared on a going ¢on¢ern basis.
1.3 Income
Income is recognised when the CharÉty has enlillemenl lo the funds, any performance condiliDns allachecl lo the
ilemlsl of incom& have been mel, it is probable that the income will be re¢eiv?d and amount can be measured
reliably.
al Income Teceived by way of donalions and legacie5 are included in full in the Statement of Financial
Activities when received, Lsnless they relate lo a specified future period, in which case they are deferred.
bl Legacies enlillemenl is taken as the earlier of the dale on which either.. the charity is aware that the
probate has been granted, the eslale has be&n finalised and notification has been made by the
execulorls} to the Charity that the distribution is made. or when 8 distribution is received from the estate.
No legacies were received during the year.
cl Interest on funds held on deposit is included when receNable and the amount can be measured reliably
by the Gharily,. thi5 is normalty upon nolificalion of the inleiesl paid or payable by the Bank.
1.4 Donated goods
Donated goods for resale are not recognised on receipt. Instead, the value lo the charity of the donated goods
sold is recognised as income when sold. Eslimaling the fair value of donated goods for resale is impractical
because of the low-value items reGeived. The proceeds of sale are calegorised as 'lnGome from other trading
activities, in the Stslemenl of Financial Aclivilies.
1.5 Volunteer5 and donated seNices and facillties
Donaled professional sery1￿s and donated facilities are recognised as income when the charily has conlrol
over the item, any conditions associated with the donated item have bepn mel, the re￿Ipl of economic benefit
from the use by th8 charity of the item is probable and that economic benefit can be measured reliably. In
accordance with the Charities SORP {FRS 1021, the general volunteer lime of the Friends is not recognised and
refers lo the trustees. annual report for more information 8boul their conlribulion.
On receipt, donated professional services and dDnaled facilities are recognised on the basis ol the value of the
gift lo thè charity which is the amount the charÉty would have been willing lo pay lo obtain services or facilit￿S of
equivalent econom￿ benefit on the open market., a corresponding amount is then re¢ognised in expenditure in
thè pariod of rècèipl. No such donations weré rèc8iv8d during Ihè year.
1.6 Expenditure recognition
Expenditure is recognised on an accrual basis as a liability 15 incurred.
Expenditure is Classifi￿ undÈr th8 following activity headings..
al Cost ol raising funds comprises the cost of seeklng donations and legacies and the costs of trading lor
fundraising purposes including the Charliy's shops.

'ALL ABOARD, SHOPS LIMITED
NOTES TO THE ACCOUNTS (ConUd>
ST
FOR THE YEAR ENDED 31 DECEMBER 2022
bl Expenditure on charitable activities comprise the making ol donations ID other chariti8s. Donations are
recognis&d as a cost when the Board of Trustees approve the lolal donations for the year.
1.7 Allocation of support ¢o$l¥
Supw)rt costs are those functions that assist the work of the charity bul do not directly undertake charitable
aclivilies. Support ¢osls include baGk-Dffice costs. finance, personnel. payroll and govemance costs which
support the charity's aclivilies. These costs have been allocated between cost of raising funds and expenditure
on charitable aclivilies. The basis on which support costs have been allocatèd are sel out in note 7,
1.8 Funds a¢¢ounting
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objecllves
of the Charity.
1.9 OpeTating leases
The charity classifies the lease of property as an opeialing lease. The rentals are charged to the Slatèmenl of
Financial Activities on a slratghl-line basis 0v8r the lease duration.
1.10 Taxation
The Charity is a registered charity and, therefore, is not liable for In¢ome Tax or Corpoiation Tax on income
dtrrived from ils charitable aclivilies, as it falls within the various exemptions available to registered charities.
1.11 Tangible fixed assets
Expenditure relating to tangible fixèd assets is expected lo be used over several years and where the asset
exceeds £200, they are capitalised al cost and deprecialed over their estimated useful economic livès.
Depreciation Is provided al rates calculated lo write off the cost or valuation of fixed assets, less their eslimaled
residual value, over their expected useful lives on the following basis..
Short term lease and improvements
Fixtures, fittings and equipment
EPOS System
Over period of lease
2010 nel book value
Over 5 years
1.12 Cash at bank and In hand
Cash al bank and in hand includes cash and short-lerm cash deposits.
1.13 Debtors
Trade and other debtors are recognised at the selllèment amount due after any trade discount offered.
Prepayments are valued al the amount prepaid nel of any trade discounls due.
1.14 Creditors and provlslons
Credilois and provisW)ns ale recognised where the charity has a pr8senl obligalion resulting ffom a past event
that will probably result in Ihe transfer of funds to a third party and the amount due lo sellle the obligation can be
measuied or eslimaled reliably. Creditors and provisions are normally retognised al Iheil selllemenl amount
after allowing lor any trade discounts due.
1.15 Financial instrumants
The Trust only has financial assels and financial liabilities of a kind that qualify as basic financial inslrumenls.
Basic financial instruments are initially recognised al Iransaclion value and subsequenlty measured al their
selllemenl value with the exception of bank loans which are subsequently measured at amortised cost using the
effective interest method.
1.16 Judgement and key sourc8s of estimation uncertainty
In the application ol thè company's accounting poliGie5, the Gharity is required lo make judgments. eslimales
and assumptions about the carrying amount ol ass@Is liabilities that are not readily apparent from other
sources. The eslimales and associated assumptions are based on histori￿1 experience and other factors that
ale considered lo be relevant. Actual iesulls may differ from these eslimales.
The eslimalES and underlying assumplw)ns are reviewed on an ongoing basis. Revisions lo accounting
eslimales arè re¢ognised in the period in which the eslimale is revised where the r?vision affects only Ihal
period. or in the period of the ievision and future periods where the Tevision affects both current and future
perttsds.
Page 115

'ALL ABOARD, SHOPS LIMITED
NOTES TO THE ACCOUNTS IConUd}
FOR THE YEAR ENDED 31ST DECEMBER 2022
1.17 Pansions
The Charity operates a defined Gonlribulion scheme for the benefit of ils employees. Contributions payables ale
chaTged lo the slalemenl of financial aclwily in the period they are pay8ble.
GRANTS, DONATIONS AND LEGACIES
Unrestricted
2022
2021
Individual donatlDns
Government grants
Gift aKI
Fund raising income- Fun Run
2,345
2,345
2,301
532,689
97,708
264
182,088
182.088
The donations and legacÉes in 2021 tolalling £632,963 was all allribuled lo unreslricled funds.
INCOME FROM OTHER TRADING ACTIVITIES
Unrestrlcted
2022
2021
Trading income..
Turnover from donated goods
3,144,290
3,144,290
2,004,732
The trading income in 2021 lolalling £2,004,732, was all allribuled to unrestricted funds.
INVESTMENT SNCOME
Unrestrlctsd
2022
2021
Interest on cash dep0811s
1,250
1.250
22
The interest income in 2021 lotalling £22 was all alliibuled to unrestriGled funds.
OTHER INCOME
Unrestricted
2022
2021
Business Interruption sett￿ment
27.224
27,224
3DO,000
The other income in 2L121 lolalling £300,000 was all allribuled to unreslricled funds.
In the Current year, Ihe charity has received interest on Business Inlerruplion claim for the loss incurred during
the Covid-19 lo¢kdowns amounting lo £27,224 {2021'. £300,000).
Page 116

'ALL ABOARD. SHOPS LIMITED
NOTES TO THE ACCOUNTS (Convd)
FOR THE YEAR ENDED 31ST DECEMBER 2022
ANALYSIS OF EXPENDITURE ON CHARITA8LE ACTIVITIES
Charlty
shops Donations
2022
2021
staff costs
Shop costs
Charitable donations (see note 8)
Governance costs (seè noté 71
Supptrrt costs (see note 71
1,492,106
750,987
1,492,106 1,092,117
750.987
668,300
258,454
200.Q)00
6.100
5,600
725,307
7D4.940
258,454
6,100
725,307
01 the £3,232.9'
-4 expenditure in 2022 12021 £2,670,957), £3,232,954 was charged lo unreslricled funds
12021 £2.670.gJf71.
ANALYSIS OF SUPPORT AND GOVERNANCE COSTS
The Chaiily initially idenlilies the costs of its support functions. 11 then identifies those Costs wh￿h relate lo the
govemance function. Governan¢e G9$15 and othei support costs are appottiorTred separately beiween charity's
two key activities undertaken (seè note 6) in the year. Refer to the table below for the basis for apportionment
and the analysis of sUPPOrt Gosls and govemance costs.
General
Support Govornance
2022
2021
Premises
Warehouse salarie5
General and office financ8 costs
Communi¢alions
Travellin9
Information technology
HP Inleresl
Legal and professional fee5
Depreciation
Bank and crédit card charges
Audit fees
112,496
28,650
302,194
64,428
31,002
43,182
1,340
39,520
68,428
24,LE7
112,496
28,65
302,194
64,428
31,002
43,182
1,340
39,520
68,428
34,067
6,100
93,388
26,685
370.404
37,603
20,656
44,193
447
53,888
35,485
22,191
5.600
6,100
CHARITABLE DONATIONS
Unrestricted
2022
2021
Charitable purpose:
Community
Education
Elder￿ Welfare
Environmental (See Note b6lowl
Medical
Welfare
Youth
62.495
37,714
6.750
7.500
29,394
,351
18.250
62,495
37,714
6,750
7,5CIO
29,394
96,351
18,250
47,733
28,030
3.500
5,548
26,269
72.420
16,500
In 2022, All Aboard raised £2.453.21 from the purchase of single use carrier bags and we have donated that
amount lo an environmental charity. Trees for Cities, lo help fund their amazing WOTk in the local community and
impTove green space for all.
Page 117

'ALL ABOARDI SHOPS LIMITED
NOTES TO THE ACCOUNTS (Contldl
FOR THE YEAR ENDED 31ST DECEMBER 2022
NET INCOMING RESOURCES
Nel in￿ming resour￿5 are shown after Charging..
2022
2021
Depreoialion of langible fixed assels
Opeialing leases ~ rent
Audilorfs remuneration
68,428
547.478
6,100
35,485
530,362
5,600
10. ANALYSIS OF STAFF COSTS, TRUSTEES REMUNERATION AND EXPENSES, AND COST OF KEY
MANAGEMENT PERSONNEL
STAFF COSTS
2022
2021
Salaries and Wages
Social security costs
Pension costs
1.629,634
109,728
26,346
1,342,362
78,529
20,063
The emoluments Df one rnember of staff. including benefits in kind, are within the range of £70,000 10 £79,999
12021.. one member), not in¢luding retirement benefits which are accruing under a defined pension scheme.
ND Truslee receivgd any remuneration during the y88r12021 - £nill. Ng Trustees received reimbur88d expenses
during the year12021 £nil}.
The key management personnel ol the charity comprise the Chief Executive Officer. The lolal employèe
benefits lincluding employer national insurance and employer pension) of the key managèmènt personnel
during the yeai were £79,38212021- £70,544).
During the year, no redundancy paid12021- £9.523}.
11. STAFF NUMBERS
The average weekly fulklime number of staff employed by the Charity during the period was as folbw8.'
Direct charitable work
57.5
Adminislralive work
The average number monthty employees during the year were 107 {2021- 941.
In addition, a great amount of time. the value ol which il is impossible to reftecl in these financial slalemènls, is
donated by approximately 204 volunteers.
Page 118

'ALL ABOARD. SHOPS LIMITED
NOTES TO THE ACCOUNTS {ConUd)
FOR THE YEAR ENDED 31ST DECEMBER 2022
12. TANGIBLE FIXED ASSETS
Short term
Fixtures,
Lease and
Fittings and
Improvements Equipment
EPOS
Systern
Total
Cost as al 1 January 2Q22
Additions
Disp08a
Cosl as al 31 December 2022
233.058
3,472
319,627
161,4L11
118,039
670.724
164,873
236,530
481,028
118,039
835,597
Acc Dep as al 1 JanL'ary 2022
Charge for the year
Acc Dep on Disposals
Acc Dep 8s al 31 Decèmbér 2022
184,822
15,077
230,051
49,467
90.850
3.884
505,723
68,428
199,899
279,518
94.734
574,151
Net Book Value as on 31 December2022
36.631
201,510
23,305
261.446
Net Book Value as on 31 December2021
48.236
89.576
27.189
16S,001
The nel book value of tangible fixed assets includes £29,131 in respect of assets held under finance lease. The
depreciation charge in respect of such assets arnounled lo £3.88412021- £1,942) for the year.
13. DEBTORS
2022
2021
Ttade Deblors
AcGrued Income and Prepayments
Taxalion
19.792
126,306
16.168
371,919
46.867
Accrued Income and Prepayments include two rent deposits lotalling £6,000 12021 £6,000), which are
re¢Èiv3blè within one year.
14. CREDITORS:
Creditors falllny due wlthln one year
2022
2021
Net obligation undei flnancial lease agreement
Trade cieditors
Taxalton and social security
Other Creditors ar￿ Accruals
8,801
27,066
29,183
182,789
247,
39
7.166
29,257
24,137
144,988
Creditors falllng due after one year
2022
2021
Nel obligation under finan¢ial lease agreement
12,562
20.Q23
Olhei Cr8dilors and Accruals include a balance of £125.000 approved by the Board lo bè distributed as
Donations to olhei GhaTlties,

'ALL ABOARD, SHOPS LIMITED
NOTES TO THE ACCOUNTS (ConVd}
FOR THE YEAR ENDED 31ST DECEMBER 2022
15. SHARE CAPITAL
The company is limlled by guarantee and does not have a share capilal dbvided by shares.
16. ANALYSIS OF CHARITABLE FUNDS
Balance at
01.01.2022
Balance at
31.12.2022
Incom¢
Expgnditure
Unrestricted funds:
General funds
759,152
3,357,197
3,232,954
883,395
Totsl funds
759.152
3,357,197
3,232.954
883,395
Analysls of charltable funds- previous year
01.01.2021
Income
Expenditur8
31.12.2021
Unrestrlctod fLfnd$'.
Cenèral funds
492,392
2,937,717
2,670,957
759,152
Total funds
492,392
2,937,717
2,670,957
759,152
Description, nature and purpose of unrestricted funds-.
General fund represents funds availab￿ to spend al the di%crelion of the Trustees.
17.
ANALYSIS OF FUND BALANCES BETWEEN NET ASSETS
Unrestricted
2022
2021
Tangible fixed assets
Nel current assets
Crèditors falling due after one year
261.446
634.511
112,5621
883,395
261,446
634,511
112,562}
883,395
165.001
614.174
120,0231
759,152
Analysis of fund balances betwèen net assets - previous year
Unrestricted
2021
2020
Tangible fixed assets
Nel current assets
Creditors falling due after one year
165,001
614,174
2CS,023
759,152
165,001
614.174
120,023
759,152
139,D33
353.359
492,392
Page 120

'ALL ABOARD, SHOPS LIMITED
NOTES TO THE ACCOUNTS {ConUd)
FOR THE YEAR ENDED 31ST DECEMBER 2022
18. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPEFiATING ACTIVITIES
2022
2021
Net movement in funds
Add back depreciation
Add back loss on salè of Fixed Assets
Add back Inleiesl on Finance Lease
Deduct interest income shown in inve5tmelll activities
Decrease I lincreasel in debtors
IncTease I Idecrea5el in creditors
Net cash used In oporating activities
124,243
68.428
266,760
35,485
4,992
447
1221
(283,2431
131.649
156,067
1,340
(1,2501
288,855
34,830
516.447
19. OPERATING LEASE COMMITMENTS
The amounts payable in the forthcoming year in respect of operating leases relating to rent and service charges
are shown below, analysed a¢¢ording lo the expiry dale of the leases.
2022
2021
Within one year
Between two and fivè years
Afler five years
540,145
1,351,489
178,487
2.070.121
184,758
1,174,603
433,634
1.792,995
20. ULTIMATE CONTROLLING PARTY
For the whole ol the yeai, the Charity was under the control of the direclors and Iruslees as shown on page 6,
21. RELATED PARTY TFL4NSACTIONS
Details of transactions with trustees and senior managemenl are in note 10.
Page 121