ALL ABOARD SHOPS LIMITED DIRECTORS, AND TRUSTEES, REPORT ANO ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 Company No: 02571767 Charity No: 1125462
'ALL ABOARD, SHOPS LIMITED REPORT AND ACCOUNTS CONTENTS Page Dlrectors, and Trustees, Report Independent Auditor's Report 9-11 Statement of Financial Actlvltlos 12 Balance Sh68t 13 Statement of Cash Flows 14 Notes to the Accounts 1s-24
'ALL ABOARD, SHOPS LIMITED DIRECTORS, AND TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEM8ER 2024 Th8 trustees are pleased lo pres6nl their annual directors, report together wilh the finencial statements of the ¢haTity for thè year ended 31 sl December 2024. The financial statements comply with the Charilies Act 2011, the Companies Act 2006, Ihe Memorandum and Articles of Associalion, and Accounling and Reporting by Charrties.. Statements of Recommended Pra¢lice applicable lo 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). OUR PURPOSE AND ACTIVITIES The principal aims and object$ of Ihe Charity are to operate retail shops. The Pfofils from such operatlons being donated for the benefit of UK Charities and to promote the Idea of recycling and working for a cleaner and healthier envlronmenl. 1. The protection and preseNation ol the environment for the public benefrt is.. a) the promotion of waste reduclion, re•use reclamatlon. use of iecycled products and Ihe use of surplus items bl advan¢ing Ihe education of the publi¢ about all aspects ol waste generation, waste management and W8Ste ie-cycling 2. To make gran15 to such registered charities in accordance with the law for England and Wales. as lh6 Trustees see fil. Publlc Bonèflt statement In shaping our objectiv8$ for the year and planning our activities. the trustees have consldered the Ch¥rity Comrnission's guidance on public benefit. includin9 the guidance 'public benefit.. running a charity IPD21. The achievements and activities above demonstrate the public benefrt arising through the Charity's aclivitl8S. Grant maklng pollcy The chaiily has s61 up a small committeé ol Iruslees to consider applications from grant seeking registered charities. All appliGations musl complele a short queslh)nnaire requesting some basic information on their status, financial position and use of the granl requested, if successful, The committee focuses on the smaller charities, which provide valuable seIce lo Ihe commvnily. Our policy is lo provide funds for smaller andlor locally based chaTi1168 whose Cflterla accord with the objects of our conslilution. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng do¢ument 'All Aboard. Shops Limited is a company limrted by guaranteé and not havin9 a capilal dwlded by shares, The company wa$ incorporated on 4th January 1591 and regislered as a charity on 11th August 2008. 11 18 a registered charity consliluled as a limit8d company under the Memorandum and Articlès of Assoclalion, The Charily's regislralion number is 1125462 and Ihe company registralion number is 02571767. Recrultmènt and appolntment of Trustees As sel out in the Articles of Associalii)n. the Chair of Ihe Trustees is nominated by existing Tiustee8. The Directors of the organisation are also the Charity's Truslees for the purposes of charity law. Thè Board of Trustees has the P¢)wer lo appoint additional Trustees as it consÉders fit to do $0. The Trust8es have no beneficial interest in the company other than as members. The TTUSt8&5 are also the directors of the company. All of the Trustees are members ol the company and guarantee to contiibule £1 aach in event of winding up while they are a tiuslee or within 12 months of them ceasing to be a trustee. Trusteè Inductlon and tralnlng The Trustees recognise Ihe importance of maintaining a good working knowledge of charity 8nd company law and b8St praclise by reading appropriate publications and altenfjance at chaTity and cornpany courses run by outside providers.
'ALL ABOARD, SHOPS LIMITED DIRECTORS, AND TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024 New Truslees are given copres of the Mem¢Jrandum and Articles of As50cialion. Oryanisation The Board of Trustees, thich comprises seven members. administers the Charity. The Board meets pefiodically to review the affalrs of the Charily and to consider strategies and operations. To facililale aclivilies. the Board have delegated authority, wtthin teims of delegation approved by the Trustees, for operalional matters including financial, employment and other related activities. All decisions relating to strategy and policy are made by thè Board of Truslees. Key managemenl porsonnèl rémungratlon The remuneration of the CEO is decided by Ihe trustees and the remuneration of the key management personnel is deternined in the first instance by the CEO and subsequently approved by the Board, There are regular appraisals befvleen th8 CEO and key personnel during which individual performance criteria are established and a mechanism for measurement agreed. Related Partles The Charity does not have transactions with retated parties OT Other charities and organisalions with which il co- operates in pursuit of ils charitable objectives. Rlsk managament The Trustees have a rlsk management strategy which comprise8: Malntalnlng an actlve rlsk reglster ¢oveTing key risks across the org8ni8alion whTrch 18 reviewed on an annual basrs. HIO & Shop H&S Rlsk Assessments are Carried out by an external H&S company lce a year, Meetings with the H&S Company and managemenl team are held regularly to review risk assessment findings and a¢1 on findings. Manual Handllng - Slaff and Volunteers are trained in manual handling, trips, slips and falls by our axternal H&S company and regular updates and refresher training 15 undertaken. Safeguardlng -we have an up.tOThdate Safeguarding Poltcy that is regularly reviewed and updaled by our Employee HR provlder. Data Protection e have a dedated Data Protection off8[ lo ensure we are Dala & GDPR compliant. The charity has been audited by the Data Protection Officer and his findings have been aclioned by the Senior Leadership Team and shared with thè Chairman of the Board. IT System8 -we have a dedted IT provider who manages arKI oversees the mai.orY of our IT systems, em8ils and online services remotely. Disaster Recovery Plan -following the Covid pandemic and the subsequent closure of our shops and our HIO w8 now have in place a Disaster Recovery plan that allows key HIO personnel lo work remolety and access business infoimation on a cloud plafform in the event of a fire or similar disaster to the HIO building or infrastructure so that the day to day running of the Ghar¢ly can continue uninlerrupled. Our HIO lelephone systern can be redirecled lo a dedicated mobilè phone. so our donors. customers and staff have communication with All Aboard an(J key personnel. The Board of Trustees number 98von. all of whom come with extensive experlence in the retail, professional and commercial fields. The Bogrd holds regularly meetings throughout the year with the CEO and Executive staff.
'ALL ABOARD. SHOPS LIMITED DIRECTORS, AND TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024 ACHIEVEMENT AND PERFORMANCE In 2024, High Street retail trading conditions remained challenging, with ongoing economic uncertainty, cost-of-living pressures, and evolving consumer habil8 affecting foolfall and spending. Rising operational costs. including rents, utilities and staffing continued to place pressure on margins, while donation levels fluctuated due lo household rinancial constraints. Additionally. increased competition from online preloved plaffomis and discount retailers presented further challenges for traditional charity retailing. One of the rnosl signrficant impxts on our income in 2024 was the sharp decllne in FiAG prices (used clothing unsultable for resale, sold to textile recyclers for processing) which historically made up Soh of group income. This decrease, driven by global events, has iesulted in our RAG income dropping by more Ihan 504h, signific8nlly affecting our fevenue - and the 8eclor as a whole. In response, VR developed strategic partnerships with corporate donors and charily partners lo secure more and higher-qu81ily donations, widen our reach and thus ensure long-lerrn sustainability in an evolving relail landscape. We have also invested in staff development, customer service skills. volunteer engagement I recognition and iegular trainlng on the importance ol Gift Aid. 2024: A Year of Investment sn Paopl8, Infrastructuro & Collaboratlon Head Olfice Enhancemènts After ninè years in our eurrénl head office, w8 inv8sl8d in significant upgrades. including feconfiguring WOfkspace8. a full repaint, plus new de$ks end ¢haits for all staff. The preVu$ furniture. over 20 years old. was no longer fil for purpose. new boardroom was e51abllshed, complete wtth a confef8n¢e suite and a tabl8 with seallng for 16, generously donated lo us. These Improvements have transformed our offKe into a professional, modern workspace wth a bright and airy almosph6re, Feedback from stafl, volunteers, and visilors has been oveTrvhelmingly positive. Technology & Oporatlonal Improvements All Aboard continues to develop and ulilise digilal infrastructure that helps us build more capacity and better facilitate remote working. We Iransitioned to a cloud-ba3ed IT System. whrch offer5 greater securiiy and cosl savings compared to our previous head office-based servers. A 18lephone system was implemented, providing enhanced functtonality, reduclng staff time spent on calls and ensuring scalabilily as the organisalion grows. We introduced two new electric Vans into our neel, acknowledging Ihe higher initial infrastrucluie cos15 lor charging poinls. However, their bwer running costs, zero emisslons. and nolse reduction support both financial sustainabilily and our environmental commrtmenls. Following significant challenges with Salesforce integration, the decision was laken to discontinue ils implernenlation. Instead, we used the best featu8 of thi5 specification lo customise a modular system that can be more easily adapted lo the changing needs of our charity. Development began in December 2024, wilh a trial phase expected in spiing 2025. Through the generosty of a voluntegr data SGienlist, we have benofiled from using business inlelligence sofare lo better understand Our key performance indicalors - at no cosl to the charity.
'ALL ABOARD, SHOPS LIMITED DIRECTORS, AND TRUSTEES. REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024 Volunteer Engagement & Slaff Wellbelng Volunteers continue to be the lifeblood of our charity and they gave in excess of 30,000 hours of Ilm8 to All Aboard In 2024. On behalf of Ihe trustees, staff and beneficiaries. I would like to extend my heartfell thanks to each and every ona oflh8m. Keen to ensure that volunteers are best supported throughoul their time wlth us. Initiallves to suslain and nurtur8 our volunteers includ8d'. The J8wish Volunt8èr Network (JVN) conducting a comprehensive audil of our volunt88r programme 8t our CEO'S request, providlng an In-depth external review. Through interviews with volunteers, trusleos, executlves and staff teams, JVN pri)duced a holisti¢ report with actionable recommendations. which will be implemented In 2025, We Introduced mental health tralnlng and an Employee Assistance Programme (EAP), off8rlng free support including wellbeing resources and legal advice for staff and volunteers. A slgnlflcant number of staff across head offlce and shops belng DBS-¢he¢ked to ensure that, at any given time, a checked staff member is avallable within the organlsallon 8t ev&ry lovel of the business. Ratall Expanslon & Strateglc Adjustments On June 18th, we successfully opened our 22nd charity shop in Stanmore. The local communlty have embraced the shop. wilh positive customer feedback. We were unable to secure addltional shop locations due to factors beyond our control. In 2025, th8 Board and CEO wlll explore new strategies lo expand our retail presence. grow our cash surplus and thus hopefully increase the value of charltabl8 dlslrlbutEons. In the third quarter of 2024, we made the decision to close our eBay operalions, resulting in Iwo redundancies. Howover, as part of the restructurlng: One former 8Bay slaff mgmbor Iransitioned into a new Curalor ro18, whlch has alr6ady opened up new sale5 channels and delivered a significant uplift in revenue. Another team member moved Into a naw warehous8 rolo. improving stock sortlng and énabllng our shops and Curator to better identify arKI maximise the value of donated items. Collaboratlon & Communlty Engagement Our CEO and Marketing Manager engaged with key charty partners, resulting in the strategic placement of donation statlons In supporter head offic8s in order to increase stock donations. All Aboard sponsored a Hertfordshire Chamber of Commerc8 avent. where our CEO dellvered a presentatlon on our mlsslon. This led to new donation station5 at Champneys resorts In Henlow and Tring. Hertfordshire Chamber of Commerce has been a valuabl8 partner. featuring a profilè on All Aboard In thalr Novemb8r-December Inspire.65 magazine and organising a stock generation drive in the month of Septernber. We slrengthened collaborations with fellow charities. induding a stock donation drive with the Moorfields Eye Hospital Charlty, where we participated in their Eye to Eye Walk eVt In London. Page 15
'ALL ABOARD, SHOPS LIMITED DIRECTORS, AND TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024 Our head office staff volunteered for community projects. including-. Packing 'Wami in Winter. bag$ for Small Acts of Kindness Prep81ing comfort backpacks for children entering the care system, in collaboration with Comfort Cases UK Donating over 100 Easter Eg9S to our charty partner, Spread a Smile, supporting seriousty ill children in hosprtal care Throughout the year, we h¢)sted ¢harity partners al our Managers. Meetings. providing insight Into how All Aboard'5 work supports their own missions. These engagements have been both inspiring and motivational for all involved and an incieased use of social media lo talk about these partnerships has further increased our reach. Sustainabllity As a charity operating in the 'suslainability' arena, we continue lo review our operations and procuiemeni pra¢ti¢es for areas of improvement. Al year end, our van fle81 is now almosl exclusively electric, bar one diesel van that will be replaced al Ihe end of ils lease term in 2025. Moreover. as we prepare for the 'Simplèr Recycling. legislation that come$ into effect in 2025 as well as the changing shape of the 'RAG' markel as outlined èarlier, we continue to explore new opportunltles lo process the waste rtem$ we 8re unabte to $ell in our shop$. Continuing lo work with our current recycling partner 'Choice', we are pleased to share an eslimalo of our carbon saving 8¢ross the shops, head office and warehouse opeialions. From 1st January 2024 to 31st December 2024. AII Aboard Charity Shops eslimale a lolal redu¢lion in landfill wasle of 3.904,477 kg.co2e0nnP - C8rbon WARM, nomlised vs landfill (kg.C02ellonne), cornprising: 8ookslPaper- 59.015 kg Textile$- 3,835,749 kg GlasslCeramics- 9.711 kg (Please note Ihls total doesn't Include shoes oi electrkals Looklng Ahead As we move into 2025, we remain dedicated lo growth. innovation and expanding our impacl within the communilies we sèrve. In the year ahead. we will.. Expand our shop portfolio lo drlve revenue growlh Identify and implement cost efficiencies across all areas of the busin8$s Strengthen and develop collaborations with our charity partners for mulual benefit Foster relationships with extemal organisations lo support shared growih and success Implement key recornmendalions fr(*n the JVN r8POrt to enha8 volunteer engagement Streamlin8 operations through the inlegralion of new systems Extend our reach through largeted digital marketing slrat8gies Our commitment to progress and sustainability will guide us as we build on the successes of 2024 and ambrace new opportunitles in 2025.
'ALL ABOARD, SHOPS LIMITED DIRECTORS, AND TRUSTEES, REPORT (Conud) FOR THE YEAR ENDED 31ST DECEMBER 2024 FINANCIAL REVIEW The Statement of financial Activities showed a net deficit. after distributions, of £84,830 (2023 - surplus of £38,156) for the year and reserves Stand at £836,721 (2023 - £921,551). During the year 2024 the Charity made donations of £242.777 (2023 - £275.000) to UK Charities. Prlncipal Funding Sources PrinGlpal funding sources are sale of donated goods through the Charty's shops. Fundralslng standgrds 'All Aboard, Shops Limited is not ffjgistered wrth the FundraTrsing Regulator and the Gharily has not carried out any signlficanl fun¢Jraising activities. Inveslment powers and pollcy The Memorandum and Articles of Associalion Bulhorises Ihe Trustees to makè and hold invaslments using the general funds of the Charity. The liuste85 have the power lo invest in any way that they see fit. Reserves pollcy At the Balance Sheet dale. the charTly's total reseNes were £836,721. Free resèrves nol invested in fixed assels and not re81ricled were £500,531. The Trustees have sel a minimum level of reserves al £400,000, which 15 equivalent ot 2 months overheads on Ihe basis ol the completed Teorgani$alion. This will be reviewed al the next year end. REFERENCE AND ADMINISTRATIVE DETAILS Company Number: 02571767 Charlty Number.. 1125462 Dlrector8 and Tru8teos'. l H Brecker Chair R L Lipson M H Wernicke N R Kelsey D Ordman D Ezekiel Grossman SLI DRShaw Secretary: B Haynes Senlor Leadershlp Team: A Haynes Chig1 Executive Officer B Haynes Financial Controller S Koslick HR Managér O Pelrou Head of Re18il Reg18terod Offlce: Stèlla Lucas House. Unil 10. Colne Way Court. Colne Way, Watford VVD24 7NE Webslte: httDs.IAMvw allaboaidslio s.coinlsho s.htrnl Audltors: SCB {Acuntant$) Lld, 31 Sackville Street. Manchester. M13LZ Bankers: Natwest Bank Plc, TavTrst(Kk House. Tavist(xk Square, London WC1H 9)(A
'ALL ABOARD, SHOPS LIMITED DIRECTORS. AND TRUSTEES, REPORT (Conud) FOR THE YEAR ENDED 31ST DECEMBER 2024 TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The Trustees {who are also directors of 'AII Aboard, Shops Limited for the purposes of company law) are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and Uniled Kingdom Accounting Slandards (Unrted Kingdom Generally Acc6pled Accounting Praclice)- Company law requires the Trustees to prepare financial slatemenls for each financial year. Under that law the Trustees hav8 élected lo prepare the financial stalements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting St8nd8rds and applicable law). Under company law the Trustees must not approve the financial statements unless they ale satisfied Ihal they th81 give a true and fair view of the stale of affairs of the company and of its income and expenditure for that period. In preparing Ihese financial statements, the Trustees are requlred to.. select suilable a¢¢ovntirYJ polrcies and then apply them consistently. obseTve the methods 8nd principles in the Charities SOFIP. make judgements and eslimales that are reasonable and prudent. Slate whether applicable UK Accounting Slandards have been followed, subject lo any malerlal départu$ disclosed and explained in the financial slatemenls: and prepare the financial statements on the going concern basis unless il is inappropiiate to pfesum9 that the charitable company will continue in business. The Truglees are responsible for keeping adequate accounting records that disclose wilh reasonable accuracy al any tlmè the financial position of the ¢harilablè C¢)mpany and enable Ihem to ensure that Ihe financial slalements comply with the Cornpanles A¢1 2006. They are also responsible for safeguarding the assets of th8 charitable company and hence for toking reasonable steps for the prevention and detection of fraud and other irregularitie8. The truste8S are responsible for maintenance and integrity of the corporate and financial information Included on the charitable company's website. Legislation in the United Kingdom goveming the preparation and dissemlnalion of rin8nci81 statements may differ from leglatiOn in olher jurisdictions. 8TATEMENT OF OISCLOSURE TO AUDITOR In so far as the Trustees are aware: there is no relevant audit information of which the charitable company's auditor is unaware., and the Tnjstees have taken all steps that Ihey ought to have taken lo make Ihemselves 8w8r8 of any relevant audil information and to establish that the charity's auditor aware ol that informalion. AUDITORS A resolullon will be proposed and agreed at the Annual General Meeting that SCB (Accountants) Ltd be appointed a8 8udilois of the Charity for the ensving year. The r6POrt ol ihe directois ha$ been prepared taking advantage of Ihe small companies, 8xemplion of section 415A of the Companies Act 2006. APPROVED BY THE BOARD AND SIGNED ON ITS BEHALF BY: HOWARD BRECKER CHAIR OF TRUSTEES Date: 2È1siLg
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF 'ALL ABOARD, SHOPS LIMITED Oplnlon We have audited the financial slalements of 'AII Aboard, Shops Limited for the year ended 31 &1 December 2024, which comprise the Statement of Financial Aclivilies (summary Income and Expendiluie Accounll. balance sheet and notes to the linanclal slalements. including a summary of snifan1 accounting policies. The financial reporting framework thal has been applied in their prepafalion is applicable law and United Kingdom AcGountin9 Slandards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Klngdom Generally Accepted Accounting Practice). In our opinion Ihe linancial stalemenls.. give a true and fair view of the slate ol the charrtable company's affairs as at 31SI Oecember 2024 and of ils incoming resources and application ol resources, including ils income and expenditure, for the year then ended., have been property prepared in a¢Gordance with United Kingdom G8nerally Accepted Accounting Piaclice-, including Financial Reporting Standard 102 The Financial R6porting Standard aPiCable in the UK and Republic of Ireland,; and have been prepared in accordance with the requiren*nls of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with Intemational Standards ¢)n Auditing (UK) IISA5 IUKII and appli¢able law. Our responsibilities under those standards are further described in the Auditor's raspon5ibilities for the audit ol the financi81 slalemenls section of our repori. We are independenl of the company in accordance with the ethical requirements that are relevanl lo our audit of the financial statements in Ihe UK, ineluding the FRC'S Ethical Stand8Td and we have fulfilled our olher ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obt8ined is sufficienl and appropriate lo provide a basis for our opinion. Conclu61ons relatlng to going concern In auditing the financial slalemenls, we have concluded that the directors. use of the goHig concern basis of accounting in the preparation of the financial statements is appropriale. Based on the work we have perfomèd. we have not identified any materi81 uncertainli8s Telalin9 to events or condition5 that. individually or collectively, may c851 significant doubt on the enlily's ability to ¢onlinue as a going con¢ern for a period of al least e1ve months from when the financial statements are aulhorised for issu8. Our responsibililies and the responsibilities of the directors with respect lo going concem are described in the Televant sections of this report. Other Informatlon The direclors are re8pon5ible lor the other infonnation. The other information comprlses the information includgd in the annual report, olh8r than the financial slalements and our auditor's report Ihereon. Our opinion on the financial slalements doès not cover the other InfonatIon and, except to the extent otherwise explicitly stated in our report, we do nol express any fomi of assurance conclusion Ihereon_ In connection with our audil of the financial statem8nl8, cr fesponsibility 1$ to read the other infomation and, in doing so, consider whether the other informali¢)n is malerkally inconsislenl wilh the finan¢ial statements or our knowledge obtained In the audit or otherwise appears to be materially misslaled. If we identify Such material inconsistencies or apparent malerial misstatements, we are requir8d lo delemiine whether there is a material misstalemenl in the financial statements or a material misslalemenl of Ihe other infomialion. If, based on the work we have perfomied, we conclude Ihal Ih8fe is a material misstalement of this other informalion we are required to report that fact. We have nothlng to report in this regard. Oplnlons on other matters prescrlbed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of the audit.. The inlornialion given in the directors, report for the linanctal year for which the financial statements are prepared is consistent with the financial slalemenls" and The directors, report has been prepared in acGordance with applicable legal requirements.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF {ConUd) 'ALL ABOARD. SHOPS LIMITED Matt8rs on whlch wè are requlred to report by exceptlon In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misslalements in the diredors. report. We have nothing to report in resp8cI of the following matters in relatlon to which the Compani8s Act 2006 18quires us lo report lo you if. in our opinion.. adequate accounting records have not been kept or relums adequate for our audit have not been recèiv8d from branches not visiled by us.. the financial statements are not in agreemenl wilh the accounting records and returns,. certain disclosures of trustees, remuneralion specified by law are not mad8'. we have not received all the information and explanations we iequiie for our avdil., the truslees were not enlilled lo prepare the financial statements in accordance with the small companies regime and lake advanlage of the small compgnie8 exemption in preparing the D1Clor$, and Tru$lees' Report. Re8ponslbiliti85 of dlrectors As explained more fully in the diredors. résponsibilities slalemènls set out on pages 5 and 6, the directors ar8 responslble for the preparation of the financlal slatemenls and for belng satisfied that they give a true and faiT V16W, and for such internal control as the diieclors determine is necessary to enable the preparalion of financlal slalemenls that are free from material misslat8ment, whether due lo fraud or error. In pr8pafing the financial stalemenls, the direclors are spOnsible for assesging the cornpany's ability to conllnue as a going concern, dlsclosing, as applicable. mallers related lo going concern and using the going concern basis of accounting unless the direclars either interrfl to liquidate the company or to cease operations, or have no reallstic allemative bul lo do so. Audltor's responslbllltles for the audlt of the flnanclal 8tatement8 Our objectlves are lo obtaln reasonable assuran¢e about whether the financial $lalemenls a$ a whcle are free from material misslalement, whether due lo fraud or error. and lo issue an audiloT'S report that includes our opinion, Reasonable assurance is a high level of assurance but is not a guarantee that an audit ¢ondutled in a¢cordan¢e with ISAS (UK) will always delecl a material misstatement when il exisls. Misstatements can arise from freud or error and are considered material if. individually or in the aggT8gale, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities. including fraud. is detailed below.. Irregularil¢es. including fraud. are instances of non-compli8nce with laws and regulations. We design procedures in line with our responsibilities. outlined abov6. lo delect material misstalemenls in respect of irregularities, including fraud. We gained an understanding of the legal and regulatory framework applicable lo the company and the industry in whlch it operates, and considered Ihe risk of acts by the company that were contrary io appllcable laws and regulalions. including fraud. We discussed wrth the Directors the policies and procedures in p18ce regarding compliance with laws and regulations. We discuss8d amongst the audit team the identified laws and regulations, and remained alert to any indications of non-compliance. During Iho,audil we focussed on laws and regulations which could reasonably be expected to give rise lo a material misstatement in the financial statements. including, but not limited to, Ihe Companies Act 2006. UK lax legislatlon. Charity Act 2011, SORP 2019. Our lesls included agreemig the financial statement disclosures lo underlying supporting dorumentation and enquirles with management. Our procedures in relation lo fraud included but were nol limiled to: inquires of management whether they have any knowledge of any actual, suspecled or alleged fraud. and discussions amongst the audit team regarding risk of fraud such as opportunitie5 for fraudulent manipulation of financial statemènts. W8 determined that the principal risks related lo posting manual journal entries to manipulate financial performance and management bias through judgements in accounting eslimates. We also addressed the risk of management overridè of internal contro15. in¢luding testing journals and approprialeness of other entries in the nominal ledger. reviewin9 transaction$ around Ihe end of the reporting period,. and evaluating whelher there was evKlence of bias by the directors that repTesenled a risk of material mi5Statement due to fraud.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF (Contld) 'ALL ABOARD, SHOPS LIMITED Because of the inharent limitalions of an audit, there is a risk that we will not deted all irregularities, including those leading lo a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that Complian with a law or regulation is removed from the events and transactions reflected in the rinancial stalemenls, as we will be less likely lo bec(yMe aware of instances of non-compliance. The risk Is also greater iegarding irregularities occurring due to fraud ialher than error, as fraLEd involves intenlional concealment, forgery, collusion, omission or misrepresenlalion. A further description of our responsibilities for the audit of the financial slalements is located orn the Financial Reportlng Council's website al vMw.frc.or .ukldudilursTes report. unsibililies. This description Iofms Part ol our audilofs Use of our report This report is made solety to the companys members, as a body, in accordance with Chapter 3 of Part 16 01 the Companies Act 2006. Our audit work has b8en undertaken so that we might state to the company's members those matters we are required lo state to them in an audrtof's report and foi no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the company and the company's memb8rs as a body. for our audit work. for this report, or for the opinions we have foimed. Jeffrey Bor FCA (Senior Statutory Audltor) For and on behalf of SCB (Accountants) Ltd 31 Sackvllle Street, Manchester M13LZ Date: 1I51si2s 111
'ALL ABOARD, SHOPS LIMITED STATEMENT OF FINANCIAL ACTIVITIES SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2024 Unrestrlcted Funds Notes 2024 2023 Income Grants, donations and legacies 222.307 222,307 212,360 Income from otr trading activities 3,203,958 3,203.958 3,2S6,335 Investment incom8 6,780 6,780 5,931 Other income 423 423 1,170 Total Income 3,433,468 3,433,488 3,475,796 Expendlturn Cost of raising funds 3.275,521 3.275,521 3.162,640 Expenditure on charitable aclivrties Total expendituré 242,777 242,777 275,000 3.518.298 3,518,298 3,437,640 Net Incomellexpendlturel and net movoment In funds for th• yèar (84,8301 184,8301 38,156 Reconcili81ion ol funds Total fund$, broughl foThvard Total funds, carrled lornard 921,551 921.551 883,395 836,721 836,721 921,551 The Statement of Financial Activities also compli8S With the requirements for an income and expenditure account under Ihe Companies Act 2006. CONTINUING OPERATIONS None of the company's aclivilies were acquired or discontinued during Ihe above financial periods. TOTAL RECOGNISED GAINS AND LOSSES The company has no recognised gains or bsses other than the above movement in funds for the above financial periods. The notes on pages 15 to 24 form part of these accounts. 112
'ALL ABOARD, SHOPS LIMITED BALANCE SHEET AS AT 31ST DECEMBER 2024 Notes 2024 2023 Flxed assets T8ngible fixed ass8ts 12 340.074 361,903 Current assets Debtors Gash 8t bank and in hand 13 156,011 559,181 186,510 600,931 715.192 787,441 Llabllltles Creditor5 falling due within one year 14 {214,661) {221,058) Net current assets 500,531 566,383 cditorS falling due after one year 14 {3,884) (6.7351 Net asséts 836, 1,551 The fund8 of the charlty Unr8$lricled funds 16 836,721 921,S51 Tot81 ¢harlty lund8 838, 921,5 The Tiusle8s have prepared accounts in 8ccord8nc8 with Section 398 of the Companies Acl 2006 and Seclion 138 of the Ch8riti88 Act 2011. These aGcounls are prepafed in accordance with the special provistons of Part 15 of the Compani88 Act relatin9 10 small companies and constitute the annual accounts required by the CoMpanS Act 20C6 and are for cir¢ulallon lo members of the company. These account$ were approved by the Board of DiT8clors and Trustees on l& b$half by.. Is and were signed on its HOWARD BRECKER DAVID EZEKIEL Company Reglstration No: 02571767 The notes on pages 15 to 24 form part of these acGounls.
'ALL ABOARD, SHOPS LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST DECEMBER 2024 Note8 2024 2023 Cash generaled frorn operatlng actlvltles 18 35,073 116,288) Cash flows from Investlng actlvltlés Interest in¢ome Dispos81 ol tangible lixed assets Purchase of langible fixed assets 8,780 5,931 26,624 (150.2481 {56,969) Cash provlded by I (used in) Invèstlng a¢tlvltles {50,189) {117,693) Cash flows from flnancing actlvltles Interest on borrowing (26,6341 (1,3401 Cash used In flnanclng actlvltle6 {26,6341 (1,3401 Increase l (decrease> in cash & cash eguivalenls in the year 141,750) 1135,321) Cash & cash equivalents at Ihe beginning of Ihe year 600,931 736.252 Total ¢a$h & cash equlvalents at tha and of the yèar 559,1 800.931
'ALL ABOARD, SHOPS LIMtrED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEAqBER 2024 ACCOUNTING POLICIES 1.1 Basls of préparatlon of accounts The financial slalemenls have been prepared in accordance with Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charilies preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} {eff8clive 1 January 2019) (Charitres SORP {FRS 1021}. the Financial Reporting Standard applicable in the UK and Republtc of Ireland {FRS 1021 and the Companies Acl 2006. The Charity meets Ihe definrtion of a public benefit entity under FRS 102. The financial statements afe prepared in sterling. which is the functional currency of the Charily. Monetary amounts in Ihese financial statements are rounded to the nearest £. Thg accounts (financial stalemenls) have been prepared under the historical cost convention wilh items recognised at cost or transaction value unless otheise staled in the r81evanl nole{s) to these accounts. 1.2 Prfrparatlon of accounts on a golng concern basls The Charily's Financial Slalements show net deficit of £84.830 for the year and free resefves of £500,531. The Trustees have assessed whether the use of the going concern basls Is appropria18 and have considered posslbl8 events or conditions that might cast signifan1 doubl on the ability of the chaiily lo continue as a going ncern. Trustee9 will continue lo monitor and ensuré spending to bè dt)ne in line with income in order to maintain target level of reserves. The review of cashflow for 12 months from the dale of approval of the financial slatemenls. the associated assumptions that und6rpin it, secured new income and the steps that ¢ould be takèn to reduce expenditure should this be necessary. Based on the information above. the Trustees have a reasonable expectation that the charity h88 adequate resources lo continue in operatn lor the for6seeable future and will remain surplus in future periods. Thèrefore, the Iruste8s have adopted the going concern basis in preparing these accounts. 1.3 Income Income is recognised when the Charity has enlillement lo the funds, any performance conditions attached to the ilemlsl of income have been mel, it is probable that the income will be received and amount can bel measured reliably. ai Income recgived by way of donations and legacies are in¢luded in full in thè Slalement of Financial Acliviliés when received, unless they relate to a specified fulure period, in which case thèy are deferred. b) Legacies enlillement is taken a5 the earliér of the date on which eilher.- the charily is aware that th8 probate has been granted, the eslale has been lin81ised and notifi'cation has been made by the execulor{s) lo the Charity Ihal the distribution is made, or when a distribution is received Irom the estsle. No legacies were reGeived during the year. c) Interest on funds held on deposit is included when receivable and the amounl can be m8asured reliably by the Charily., this is norrnally upon nolificalion of the interest paid oi pay8ble by the Bank. 1.4 Donated goods Donated goods for resale are nol recognFsed on recewjt. Instead, the value to the charily of Ihe donated goods sold is recognised as income when sold. Eslim8ting thè fair valua of donated good3 lor resale is impractical because of the low-value items received. The proceeds of sale are categortsed a5 '1ncome from other trading aclivilies, in the Statement of Financial Activities. 1.6 Volunteers and donated sèrvlces and facllllles Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions 8gsociated with the donated item have been mel, the ceipt of economic benefil from the use by Ihe charity of th8 it8m 15 probable and that economic benefit can be rreasured reliably. In accordance wFth the Chaflties SORP {FRS 102), the general volunteer lime of the Friends is not recognised and refers lo the trustees, annual report for more information about the contribution. On receipt, donated professional services and donated facilities are regnIsed on the basis ol the value of Ihe gift to Ihe charity which is the amount the charily would have been willing lo pay to obtain seNices or facllllies of equivalent economic benefit on the open market," a corresponding amount is then recognised in expenditure in the perlod of receipl. No such donations wer9 reived during the year.
ALL ABOARD, SHOPS LIMITED NOTES TO THE ACCOUNTS (Contld) FOR THE YEAR ENDED 31ST DECEMBER 2024 1.6 Expendlture recognition Expenditure is recagnised t)n an accrual basis as a liability is incurred. Expenditure is classified under the following aclivily headings-. a> Cost of raising funds comprises the c05t ol seeking donations and legacies and the Gosls of trading for fundrglsing Pufposes including the Charity's shops. b) Expenditure on charitable 8clivilie8 c(Mnprise the making of donations to other charities. Donations are recognised as a cost when the Board of Trustees approve the lolal donalions for th8 year. 1.7 Allocatlon of support cosls Support costs are those functions that assist the work of the charily but do not directly undertake charitable activities. Support costs include back-office costs. finance, personnel, payroll and governance costs which support the ch8rily's activilles. These costs have been allocated between cost of raising funds and expendilure on charitablè activities. The basis on whh support costs have been allocated are $6t out in note 7. 1.8 Funds accountlng Unreslricled funds a available for use at Ihe dl$cretion of the Trustees in furtherance of the g8neral obje¢liv98 of the Charity, 1.9 Operatlng leases The charity classifies the lea88 of property as an operating tease. The rentals are Charged lo the Slatemenl of Financial Activities on a $traight-lin8 basis over the asÉ duration. 1.10 Taxatlen The Charity is a re913lered charity and, therefore. is not liable for Income Tax or Corporation Tax on income derived from rts ¢harilable activities, as li falls wilhin the various exemptions available to registered charities. 1.11 Tanglble flxed assels Expenditure relating lo tangible fixed assets is expected to be used over several years and where the assèt exceeds £2000, they are ¢apilalised at cost and depreciated over their estimated uséful economic lives. Depfécialion 13 provided at rates calculated to write off the cost or valuation of fued assets, le85 Iheir 8Stimaled residual value. over Iheir expected useful lives on the following basls: Short temi lease and improvements Fix1ures. fittings and equipment EPOS System Over period of lease 200k nel book value Over 5 years 1.12 Cash at bank and In hand Cash al bank and in hand includes cash and short-temi cash deposits. 1.13 Debtor8 Trade and other debtors are recognlsed at the setllemenl amounl due after any trade discount offéred. Prepayments are valued al the amount prepaid net of any trade discounts due. 1.14 Credltors and provlslons CfediloFS and provisions are recognised where Ihe charily has a present obligation resulting fr¢)m a past evenl that w511 probably result in the transfer of funds lo a Ihird party and the amount due to settle the obligation can b8 measured or estimated reliably. Creditors and provisions are normally recognised al their settlement amount after allowing for any trade discounls due. 1.15 Financlal Instruments The Trust onty has linancial assets and financial Itabililies of a kind that qualify as basic financial inslrumenls. Basic financial in$truments are initially recognised al Iransaclion value and subsequently measured al their 5elllemenl value wilh the exception of bank loans which are subsequently measured at amortised Cost using the effective inleresl method.
ALL ABOARD, SHOPS LIMITED NOTES TO THE ACCOUNTS (Conud) FOR THE YEAR ENDED 31ST DECEMBER 2024 1.16 Judgement and kay sources of esllmation uncertainty In Ihe application of the company's accounling policies. the charity is required to make judgments, estimates and assumptions about the carrying amount of ass8t5 and liabilities that are not readily apparent from other sources. The estlmates and associated assumpttons are based on historical expèrience and other factors that are considered lo be relevanl. Actual results may differ from these estimates. The estimates and underlying assumptions aTe reviewed on an ongoing basis. Rèvisions lo aUntIng estimates are recognised in the period in which Ihe estimate is revised where the revision affects only that period. or in the period of the r@vision and lulure pèriods where the revision affects both current and future periods which are addressed as below.. Useful economic h'ves of tangible assels- Depreciation of langlble fixed ass81$ has been based on eslimaled useful lives and residual values deemed appropriate by the trustees. Eslimaled useful lives and residual lives are Teviewed annually and revised as appropriate. Revisions lake in to accounl actual asset lives and residual values as evidence by disposals during current and prior accounting periods. 1.17 Penslons The charity operates a defined conlribulion Scheme for the benefrt ol ils employees. Contribution'8 payables are charged lo the statement of financial a¢livty in the period they are payable. 117
'ALL ABOARD, SHOPS LIMITED NOTES TO THE ACCOUNTS {ConUd} FOR THE YEAR ENDED 31ST DECEMBER 2024 GRANTS, DONATIONS AND LEGACIES Unrestrlcted 2024 2023 Legacies & Bequest Individual donations Gift aid 1,350 4.251 216.71 1,350 4.251 216,708 13.838 198.522 212,360 307 222,30 Thè donations and legacies in 2023 totalling £212.360 was all allribuled lo unreslricled fund5. INCOME FROM OTHER TRADING ACTIVITIES Unrestflctsd 2024 2023 Tradlng Incomt: Turnover from donated goods 3,203,958 03.9 3,203,958 03,958 3,256,335 The trading income in 2023 lotaHing £3.256,335. was all attributed to unre$trtcled funds. INVESTMENT INCOME Unrestrlcted 2024 2023 Interegl on cash d6posits 6.780 6.780 6,780 5.931 The interesl income in 2023 lotalling £5,931 was all attributed to unreslrtcted funds. OTHER INCOME Unrestrlctod 2024 2023 Insurance claim Bag Sales Curator 1,170 373 373 50 423 423 1,170 Insurance claim received in 2023 is of damaged window, The other income In 2023 totalling £1.170 was all attributed lo unrestricted funds. 118
'ALL ABOARD, SHOPS LIMITED NOTES TO THE ACCOUNTS (Conud) FOR THE YEAR ENDED 31ST DECEMBER 2024 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Chafity Shops Donatlons 2024 2023 Staff costs Shop costs Charitable donations (gee note 8) Governance costs (see nole 71 Support costs (see note 7) 1,679,801 822,381 1,679,801 1.606,775 822.381 786.911 242,777 275,000 6,720 6,400 766.619 762,554 242,777 6.720 766.619 Expenditure of £3,518.298 in 202412023 - t3.437,640) was charged to unrestricted funds. ANALYSIS OF SUPPORT AND GOVERNANCE COSTS The Charity Inilialty rdentifies the costs of its support funclKJns. It then id8nlifies those costs which relate to the governance function. Govèrnance costs and other support costs are apportioned separately between charily's o key activities undertaken (see note 61 in the year. Refer to the table below for the basis for apportionment and the analysi5 of support costs and gov8mance cosls. General Stspport Gov•rnanc• 2024 2023 Premi$e8 Warehouse yalari83 General and office staff costs Communi¢ations Travelling Informalton technology HP Interest Legal and professional lees Depreciation Bank and credit card charges Audit fees 116.482 40,808 298.948 69.118 41.511 44,556 1.340 33.785 78,798 41,275 116.482 40,808 298,948 69,116 41.511 44,556 1,340 33,785 78.798 41,275 6.720 123,751 50,368 324,295 78,740 53.649 43,959 1,340 31,828 23,167 33,457 6,400 6,720 CHARITABLE DONATIONS Unrestrlcted 2024 2023 Charltable purpose: Communlty Education Elderly Welfare Environmental Medical Welfare Youth Carrigr bagslenvironmenlal Welfarelcornmunily Youth Welfare Youlhlcommunity Jewish Provinces Charilies Medicavcommunily 50.560 34.097 4.250 8,260 31.000 77.537 5,000 373 5.000 15,200 9.500 1.000 1,000 242,777 50,560 34,097 4,250 8,280 31,000 77,537 5,000 373 5,000 15,200 9,500 1,000 1,000 242,777 52.320 43.320 7,275 4,500 30,200 103,578 32.012 1,795 275,
'ALL ABOARD. SHOPS LIMITED NOTES TO THE ACCOUNTS {ConUd) FOR THE YEAR ENDED 31ST DECEMBER 2024 NET INCOMING RESOURCES Net incoming resources are shown after charging.. 2024 2023 Depreciation of langible fixed assats Operating leases - rent Auditor's remuneralion 78,798 587.984 6.720 23,167 579,506 6,400 qo. ANALYSIS OF STAFF COSTS, TRUSTEES REMUNERATION AND EXPENSES, AND COST OF KEY MANAGEMENT PERSONNEL STAFF COSTS 2024 2023 Salarles and Wages Social se¢urily costs Pension costs 1,804,441 130,35g 31.585 1.754,571 124,524 30,133 The number of employees whose tolal employèe benefits excludlng pension contributions earning over £60,000 Glasslfled withln bands of £10.000 is as follows: 2024 2023 £60.001>£69,999 £70,000-£79,999 £80,000-£89,999 No Trustee r8ceived any rèmuneratlon during the year (2023 - £nil). No Trustees received relmbursed 8xp8nses durlng the year (2023 - £nll). The key management personnel of thè charity comprise Ihe Chief Executive Offlc8r. The total employee benefits (includlng omployer natlonal Insuranc8 and amployor penslon) of the key management P8rsonnel during the year were £84.719 (2023 - £89.572). 11, STAFF NUMBERS The averag8 weekly full Ilme number of slaff employed by th8 Charlty during the period was as follows: 2024 2023 Direct charitable work Administrativ8 work 60 60 The average number monthly 8mploye8s during the year were 108 (2023 - 113). In addilion, a gr8at amount of time, Ihe value of which Èt Is impossible to reflect in these financial stalements, is donated by approximately 201 volunteèrs who has equaled in excess of 30,000 volunteers, hours during the year. In terms of number this Is equivalent to slxteen full lim8 Staff positions. Page 120
'ALL ABOARD. SHOPS LIMITED NOTES TO THE ACCOUNTS (Contld) FOR THE YEAR ENDED 31ST DECEMBER 2024 12. TANGIBLE FIXED ASSETS Short tsm) L6a8è and Improvgments FSxtures, Flttings and EqulpThent EPOS Sy8t•m Totsl Cost as at 1 January 2024 Additions Dlsposals Cost as al 310ecembar 2024 239.932 10,549 627,874 46,420 118,039 985,845 56,969 250,481 674,294 118,039 1.042,814 Acc Oep as al 1 January 2024 Charge lor the year Acc Dep as al 31 De¢•mber 2024 189.511 9,S97 199,108 333,871 63,375 397,246 100.5SO 5,828 106,388 623,942 78,798 702,740 Not Book V•lu• a• on 31 DK•mber 2024 61,373 27Y.048 11,653 340.974 Net Book Value a8 on 310e¢wnber 2023 $0,421 294,003 17,479 361,903 The nel book value of tangibl8 fixed assets includes £11.653 in respect of assets hgld undef financg lease. The deprecialron charge in respect of stsch assets amounted to £5.826 12023- £5,826) for the year. 13. DEBTORS 2024 2023 Trade Deblor8 Other debtofs Accrued Income and Prepayments 13,326 1,608 171,578 6,510 953 155,058 156,0 121
'ALL ABOARD, SHOPS LIMITED NOTES TO THE ACCOUNTS (Contld) FOR THE YEAR ENDED 31ST DECEMBER 2024 14. CREDITORS.. CTedltors talllng due within one year 2024 2023 Net obligation under financial lease agreement Tr8de creditors Taxation and social security Olher Creditors 8nd Accruals 5.826 30,106 30,248 148,481 8.801 15,376 25.823 171,058 214, 221,058 Credltors falllng due after one year 2024 2023 Net obligation under flnancial lease agreement 3,884 ,88 6,735 6,735 other Credilors and Accruals include a balance of £106,160 (2023.. £138.500) approved by the Board lo be distributed as Donations to other charilies. 15. SHARE CAP17AL The ¢ompany is limlted by guarantee and does not have a shafe capital divided by shares. 16. ANALYSIS OF CHARITABLE FUNDS Balance at 01.01.2024 Balance at Income Expendlture 31.12.2024 Unrefjtrlcted funds., GeneTal fund5 921.5S1 3,433.468 3,518,298 836.721 Total funds 921.551 3,433.468 3,518,298 836.721 Analysls of charltable funds - prevlous year Balanco at 01.01.2023 Balance at Income Expendlture 31.12.2023 Unrestrlcted funds: General funds 883,395 3,475,796 3,437,640 921,551 Total funds 883.395 3,475,796 3.437.640 921,551 Descriptlon, nature and purpose of unrastrlcted funds: General fund represents funds available to spend at Ihe discrelM)n of the Trustees.
'ALL ABOARD, SHOPS LIMITED NOTES TO THE ACCOUNTS {Contld) FOR THE YEAR ENDED 31ST DECEMBER 2024 17. ANALYSIS OF FUND BALANCES BETWEEN NET ASSETS Unrestricted 2024 2023 Tangible fixed assets Nel current assets Creditors falling due after one year 340,074 500.531 (3,884> 836,721 340,074 500,531 (3.884) 836,721 361.903 566.383 {6,7351 921,551 Pr8vlou8 year., Unfestrlct8d 2023 2022 Tangible fixed assets Net current assets Cradilors falling due after one year 361.903 566,383 6,735) 921,551 361,903 566.383 6.735 921.551 261.446 634,511 12,562 883,395 18. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPERATING ACTIVITIES 2024 2023 N81 movemenl in funds Add ba¢k depreciation Add back Intere51 on Finance Lease Deduct interest income shown In Investment activities Oecrea5e l {increasel in deblofs Increase I Idecrea5ei in creditors Nèt cash used In operatlng actlY5tlo8 (84,830) 78,798 26.634 16,780) 30,499 19,2491 35,073 38,156 23.167 1,340 15.9311 140,4121 (32,6081 (16,2881 19. OPERATING LEASE COMMITMENTS The amounts payable in the forthcoming year in respect ol operatin9 leases relaling to rent and service ¢hafge$ are shown below, analysed according to the expiry dale of the leases. 2024 2023 Within one year 88een and five years After five ye8rs 486.378 912,788 176,812 1.575,978 541,490 945,439 131,609 1,618,538 20. ULTIMATE CONTROLLING PARTY For the whole of the year, the chanty was undèr tha control of the direciors and trustees as shown on page 7. 123
'ALL ABOARD, SHOPS LIMITED NOTES TO THE ACCOUNTS (Convd) FOR THE YEAR ENDED 31ST DECEMBER 2024 21. RELATED PARTY TRANSACTIONS Details of transactions with Irustees and senior rnanagemenl are in note 10. 22. PENSION COSTS The pension conlfibulions payable by the Charty amunted to £31.585 (2023 - £30.133). £1,50912023- NIL) were due 81 the year end and included in creditor$. 124