ALL ABOARD SHOPS LIMITED
DIRECTORS, AND TRUSTEES. REPORT
AND ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2025
Company No: 02571767
Charity No: 1125462

'ALL ABOARD, SHOPS LIMITED
REPORT AND ACCOUNTS
CONTENTS
Page
Directors, and Trustses, Report
Independent Auditor's Report
9-11
statement of Financial Activities
12
Balance Sheet
13
Statement of Cash Flows
14
Notes to the Accounts
15-23

'ALL ABOARD, SHOPS LIMITED
DIRECTORS, AND TRUSTEES, REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2025
The trustees are pleased to present their annual directors, report together with the financial ststements ot the charity
for the year ended 31st December 2025.
The frnancial statements comply with the Charities Acl 2011, the Companies Act 2006, the Memorandum and Articles
of Association, and Attounting and Reporting by Charities." Statements of Recommended Practice applicable to
charTties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 {effective 1 January 20191-
OUR PURPOSE AND ACTIVITIES
The principal aims and objectives of the Charty a￿ trj operate retail shops. The proffts from such operats'ons being
donated for the benefit of UK Charities and to promote the ideals of recycling and working fof a cleaner and healthier
environment.
1. The protection and preservation of the environmenl for the public benefft is..
al the promotion of waste reduction. re-use reclamation, use of recycled products and the use of surplus
items
bl advancing the education of the public about all aspects of waste generation. waste management and
Waste re-cycling
2. To make grants to such re91Ste￿ charities irs accordance with the law for England and Wales, as the
Trustees see fit.
Public Benefrt ststsment
In shaping our objectives for the year and planriing our activities, the trustees have ¢onsidered the Charity
Commission's guidance on public benefit, including the guidance 'public benefit.. running a chaTity IPD21. The
achievements and activities above demonstrate the public benefit arising through the Charity's activities.
Grant making policy
The charity has set up 8 small committee of trustees to consider applications from grant seeking registered charities.
All applications must complete 8 short questionnaire requesting some basic information on their stslus, financial
position and use of the grant requested, if SUc￿Ssful. The committee focuses on the smaller charities, which provide a
valuable Servi￿ to the community. Our policy is to provide funds for smaller andlor locally based charities whose
criteria accord with the objects of our constitution.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
'All Aboard, Shops Limited is a company limited by guarantee and not having a capital divided by shares.
The company was incorporated on 4th January 1991 and registered as a charity on 11th August 2008. It is a registered
charity constituted as a limited company under the Memorandum and Artscles of Association. The Charity's registration
number is 1125462 and the company registration number is 02571767.
Recfuitment and appoinlmgnl of Trustees
As set out in the Articles of AssOc￿tion, the Chair of the Twstees is nominated by exÈsting Trustees. The Directors of
the organisation are also the Charity's Trustees for the purpose5 of charity law.
The Board of Trustees has the power to appoint additional TTUStees as it considers fit to do so.
The Trustees have no beneficial interest in the cornpany other than as members. The Trustees are also the directrJr8
of the company. All of the Trustees are members of the company and guarantee lo contribule £1 each in event of
winding up while they are a trustee or within 12 months of them Ceasing to be a trustee.
Trustee induction and training
The Trustees recognise the importance of maintaining a good working knowledge of Charity and company law and
best practise by reading appropriate publications and attendance at charty and company courses run by outside
providers.
Page 12

'ALL ABOARD, SHOPS LIMITED
DIRECTORS. AND TRUSTEES. REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2025
New Trustees are gNen copies of the Memorandum ar¢d Articles of Assoaation.
Oryanisation
The Board of Trustees, which comprises seven members, administers the Charity. The Board meets periodully to
review the affairs of the Charity and to consider strategies and operations. To facilitate activities, the Board have
delegated authority, within terms of delegation approved by the Trustees, for operational matters including financial,
employment and other ￿Lated activities. All decisions relats'ng to strategy and policy are made by the Board of
Trustees.
Key rnanagement personnel remunerntion
The remuneration of the CEO is decided by the trustees and the ￿mUneratiOn of the key management personnel is
determined in the first instsnce by the CEO and SubseqUen￿Y approved by the Board. There are regular appraisals
be￿een the CEO and key personnel during which individual performance Criteria are estsblished and a mechanism
for measurement agreed.
Related Parties
The Charity does not have transactions with related parties or other charities and organisations with which tt co-
operates in pursuit of its charilable object£ves.
Rbk management
The Trustees have a risk management strategy which comprises..
Maintsining an active risk register covering key risks across the organisation which is reviewed on an
annual basis.
HIO & Shop H&S Rlsk Assessments are carried out by an extemal H&S company twice a year. Meetings
with the H&S company and management team are held regularly to review risk assessment findings and act
on findings.
Planual Handling Staff and Volunteers are trained in manual handling, trips, slips and falls by OLfr extemal
H&S company and regular updates and refresher training is undertaken.
Safeguarding -we have an up-to-date Safeguarding Policy that is regulady reviewed and updated by our
Employee HR provFder.
Data Protection -we have a dedicated Data Protection Officer to ensure we are Dats & GDPR compliant.
The charity has been audited by the Data Protection Officer and his findings have been actioned by the Senior
Leadership Team and shared with the Chairman ofthe Board.
IT Systems -we have a dedicated IT provider who manages and oversees the majority of our IT systems,
emails and online servi￿$ remotety.
Disaster Rgcovery Plan -following 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 to work remotely and
aecess business illftjrmation on a cloud plaffomi in the event of a fire or similar disaster to the WO building or
infrastructure so that the day to day running of the charity can continue uninterrupted. Our HIO telephone
system can be redirected to a dedicated mobile phone, so our donors, customers and staff have
communication with All Aboard and key personnel.
The Board of Trustees number elght, all of whom ¢ome with extensive experien￿ in the retail, professional
and commercial fields. The Board holds regulady meetings throughosjt the year wtth the CEO and Executive
stsff.
Page 13

'ALL ABOARD. SHOPS LIMITED
DIRECTORS, AND TRUSTEES. REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2025
The trustees formally review the risk register annualty and assess financial sustainability risks, including dependency
on retail income, cost inflation, and liquidity pressures. Mtbgation strategies include ¢ost control, diversification of
income streams, and maintaining adequate reserves.
ACHIEVEMENT AND PERFORMANCE
The 2025 firkancial year was set against a challenging backdrop for the Charity retail secÈor and the wider High Street
Continued pressure on household spending, significant statutory wage increases and structural change within the
secondary textile market (RAG- recycled goods) combined to create a more demanding operating environment
Despite these headwinds, the charity delivered a breakeven position before distributions. At a time when many similar
charity retail organisations reported deficits or rationalised store portfolios, maintaining financial stability reflects
disciplined management, clear decision-making and responsible stewardship of charitsble resources.
Total income for the year increased by 3.320A on the previous year. This growth demonstrates the strength of
ommunity support and the resilience of our retail operations. despite subdued consumer confidence and increasing
online competition.
Income from recycled goods IRAGI stabilised during the year bul remains more than 500A below levels achieved only
few years ago. This sustsined market reset has materially reduced contribution from a previously dependable
income stream, reinforcing the importance of strengthening core retail performance.
Externally driven cost increases materially reshaped our expenditure base. The National LNing Wage rose by 9.8% in
April 2024 and by a ftjrther 6.7% in April 2025. Employer National Insuran￿ Contributions also increased significantly,
akingside higher occupancy and supplier costs. As a resuiL total expenditure before distributions rose 7.5¥0 driven
primarily by salary inflation.
Maintsining stabilty in this context required )Imi ¢ost control, disciplined prioritisation and close oversight of
perfornian￿. The outcome for the year protects the charity's financial positson and provides a stsble platfo￿ from
which to rebuild operating margins over the medifjjm term.
Voluntser Engagement & Staff Wellbeing
Volunt&rs continue to be the lifeblood of our ¢harity and they gave over 31,000 hours of time to All Aboard in 2025.
On behalf of the trustees, staff and beneficiaries we would like to extend our heartfelt thanks to each ond every one of
them.
Keen to ensure that volunteers are effectively supported throughout their time with us, a number of initiatnies have
been identffied to sustain and nurture our volunteer base..
Following a comprehensive audit of our volunteer programme conducted by the Jewish Volunteer Ne￿ork
IJVNI in 13te 2024, the intention wa5 10 implement the findings and recommendations outlined in the reF)Ort
during the course of 2025. However, due to unexpected staff vacancies within the department, we were
ur*able to progress this work during the year. We plan to revisit and take forward these recommendations in
2026.A key initiattve for 2025 was the transitson of the entire HR system to an online plattorm. enabling the
department to operate on a ftjlly paperless basis. This represented a significant undertaking and was initially
delayed following the retirement of our long-serving HR Manager. However, the incoming new Head of HR
hss made this project a priority and completion is now expected by the end of Ql 2026. on￿ implemented,
the system will allow staff records to be digitised, improving attessibility and tracking, while also reducing the
amount of time spent by HR on routsne administrative record management.
Retail Expanslon & StTateglc Adjustments
Recognising the need to strengthen income for the long temi. the charity implemènted a deliberate strategy to expand
our retail footprint in a measured and financially disciplined way. In eady 2025, the CEO approached several charities
that were disposing of underperforming shops. Following detailed research, site visits and engagement with senior
leadership teams, three shops were selected from more than 80 reviewed, as they met our defined financial retum
thresholds and strategic criteria.
Page 14

'ALL ABOARD, SHOPS LIMITED
DIRECTORS. AND TRUSTEES. REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2025
As these were existing shops with established slaff teams, the acquisitions were subject to TUPE legislation {Transfer
of Undertakings Protection of Employment Regulations 20061, ensuring the protection of employees, temis and
conditions. While the legal transfer process was necessarily thorough and complex, it ensltred the affected staff were
tre8ted faidy and ￿SponSiblY throughout. The first of these newly acquired shops was in Christchurch, which opened
at the end of August 2025 and the second was in Stourbridge which opene(S in mid-December 2025 (both shops being
on short leases so any ri$k is fvrther mltigatedl. The third newly acquired shop was in Fleet which opened in March
2026.
In addition, we secured a long-sought after location in Muswell Hill, opening in September 2025 with a refreshed look
and updated brand identity. The new format has been warmly received by the local community. with early trading
performance exceeding inilial f0￿CaSts and reinforcing confidence in the model when positioned in the right locations.
This period of expansion placed significant demands on the CEO, Leadership Team, Retail and HR Teams. The
successful delivery of these projects reflects strong governan￿, effecbve cross-team collaboration and a sha￿d
¢offlmitment lo positioning the charity to retum to sustainable surplus and expand charitable impact going fomard.
Collaboration & Community Engagement
The CEO and Marketing Manager have ersgaged with a number of key charity partners to strengthen collaborative
relationships and explore new opportunities to support Stock generab"on. As a resu5t of these discussions, several
strategically located donation stations have been installed within supporter Head Offices, providing an a¢￿SsIble and
convenient route for staff to donate rtems and helping to increase the volume of qualtty stock entering the retail
operation.
During 2025, the CEO and Marketing Manager attended a number of Maccabi GB inter-school tournaments. that
engage with approximately 3,500 young people. These events provided an important opportunity to promote the
positive role of sport and community participation.
The toumarnents were proudly sponsored by All Aboard, reinforcing the organisation's commitment to SUPF)Orting
youth development and comrnunty cohesion through sport.
Community engagement remained a key focus throughout 2025. 1 am pleased to report that we collected donations
from over 20 local schools and synagogues. This initiative not only strengthened our connection with the local
community but a150 encouraged younger children and their families to support a local charity. while promoting
environmental awareness and the importance of recycling items rather than allowing them to go to landfill.
Ail Aboard also welcomed a number of ¢harity partners into ils retail stores to meet with shop teams and customers.
These visrts provided grant recipients with an opportunity to talk more about their work, raise awareness of the causes
supported through the retail operation and highlight the collaborative relationship btheen the organisations. This
initiative helped strengthen understanding among staff and customers of the wider impact generated through the
partnership.
Sustainabilty
As an organisation operating within the sustainability sector. we continue to review our operational processes and
procurement practices to identify opportunities for improvement and to ensure that environmental considerations
remain central to our decision-making.
During the year, we had originally planned lo transition our final remaining small diesel van to an electrtc vehicle
following the end of its lease in mid~2025. However, after reviewing the significantly increased costs associated with
leasing a replacement electric vehicle, it was considered financially prudent lo defer this transition. The replacement is
now scheduled for May 2026, when the position will ts reviewed again in light of maTket conditions and operational
requirements.
Pac.=

'ALL ABOARD, SHOPS LIMITED
DIRECTORS, AND TRUSTEES, REPORT
FOR THE YEAR ENDED 31ST DECEPIBER 2025
In add¥tion, during the year we made Ihe decision to change our textile recycling partner after several years of working
with the previous provider. This decision was taken for a number of operational and commercial reasons. Our new
recycling partner is a major operator within the textile recycling market and their scale and infrastructure provide the
charty with greater confidence and secunty in what is currently a particularly challenging sector. This partnership
helps ensure that unsold or non-saleable items conb'nue to be processed responsibly and in line with our sustainability
objectives.
We are also pleased to report the estimated environmental impact generated through our retail, head office and
warehouse operations. Be￿een 1 January 2025 and 31 December 2025, All Aboard Charity Shops estimate a
significant reduction in landfill waste, equating to 201,190 kg CO2elTonne (Carbon WARM, normalised vs landfill) - the
equivalent of taking 180+ cars off the Foad for a year. This saving is primarily attributable lo the diversion of donated
goods away from landfill through resale. reu* and recycling activities, ¢omprising.'
Material
Tonnes
Diverted
154.00
14.40
20.85
11.94
201.19
C02e Saved {kg}
C02e Saved (tonnes)
Textiles
Shoes
Booksl Pa
Glass I Ceramics
TOTAL
579 034
199,427
61,313
579.03
199.43
61.31
3.74
843.52
These figures demonstrate the continued environmental benefit delivered through the charity's retail operations,
supporting both the arcular economy and the responsible reuse of donated goods.
Future Outlook
The year ahead will require continued focus and adaptability. Economic conditions remain uncertain and cost
pressures, parttcularly in relation to wages, propety and supplier pricing, are expected to persist. The secondary RAG
textile market continues to operate at significantty redU￿d levels compared with previous years, limiting reGovery from
that income stream.
Against this backdrop. the Board's focus remains on restoring sustainable operating margins over the medium term.
Priorities include consolidating the integration of newly acquired shops, oplimising perfOrrnan￿ across the existing
estate and rnaintsining disciplined cost managemenL
We will continue to take a cautious, bLtt proactive approach to growth, assessing opportunities careftjlly against
defined financial and strategic criterta. Investment in people, operational efficiency and brand posib"oning will remain
central to improving our like-for-like performance.
By balancing prudents with ambition, the Charity aims to move beyond breakeven and return to generating
sustainable surpluses that can be distributed tr) maximise long-term impact for our beneficiaries.
FINANCIAL REVIEW
Total income for the year was £3,547,631 12024.. £3,433,468), representing an increase of 3.30A. Totsl expenditure
including distribution was £3,555,17212024'. £3,518,298), resulting in a net deficit of £7,54112024'. £84.830}.
The Statement of financial Activities showed a net deficit, after distributions, of £7,541 12024 - deficit of £84,830) for
the year and reserves sland at £829.18012024- £836,721).
During the year 2025 the Charity made donations of £18,535 {2024 - £242,777) to UK Charities. The tnjstees
acknowledge that charitable distribution5 were lower than in prior year5 due lo financial pressijres. The eharty's
activities continue to deliver public benefit through envIron￿Ental impact and recycling initiatives. The trustees aim to
increase charitsble distribtjtions as operating surpluses improve
Principal Funding Sources
Principal ftsnding sources are sale of donated goods through the Charity's shops.
Page 16

'ALL ABOARD, SHOPS LIMITED
DIRECTORS, AND TRUSTEES, REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2025
Fundraising standards
'All Aboard, Shops Limited is not registered with the Fundraising Regulator and the charity has not carried out any
significant fundraising activities. No Complaints were received during the year in relation to fundraising.
Investment powers and policy
The Memorandum and Articles of Association authorises the Trustees to make and hold investments using the general
nds of the Charity. The trustees have the power to invest in any way that they see fiL
ReseNes policy
At 31 December 2025, total ft&nds were £829,18012024'. £836,721). ofwhich £446,846 represents free reserves.
The trustees have set 3 reserves target of £400.000. equNalent to approximately months of operating expenditure.
The current level of reserves is above this target and is considered adequate to support the charity's ongoing
operations and mitigate financial risks.
The trustees will continue to review the reserves policy to ensure it remains appropriate in light of economic conditions
and operational requirements.
REFERENCE AND ADMINISTRATIVE DETAILS
Company Number: 02571767
Charity Number: 1125462
Directors and Trustees:
C A Huggett - Appointed on 2110512025
l H Brecker
Resigned on 1610912025
R L Lipson
M H Wernicke - Deceased on 1711112025
N R Kelsey
D Ordman
D Ezekiel
R Grossman
SLI
DRShaw
Secretary:
B Haynes
Senior Leadgrship Tearn:
A Haynes
Chief Executive Officer
B Haynes
Head of Finance
s stuart
Head ofHR
S Kostick
HR Manager
D Petrou
Head of Retail
Resigned on October 2025
Registered Offlce: Stella Lucas House, Colne Way , Wafford , England ,W024 7NE
Website: h
s'.Ilww.allaboardsho
s.comlsho
s.html
Audito￿. SCB (Accountants) Ltd, 31 Sackville Street. Manchester, M13LZ
Bankers: Natwest Bank Plc, Tavistock House, Tavistock Square. London WC1 H 9XA
Page 17

'ALL ABOARD. SHOPS LIMITED
DIRECTORS, AND TRUSTEES, REPORT (Contld)
FOR THE YEAR ENDED 31ST DECEMBER 2025
TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The Trustees (who are also directors of 'AII Aboard, Shops Limited for the purposes of company lawl are responsible
for preparing the Trustees, Annual Report and the financial statement5 in a￿OrdanCe with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements lor each financial year. Under that law the
Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted
Accounting Practice {United Kingdom Accounting Standards and applicable lawl. Under company law the Trustees
musl not approve the financial statements unless they are satisfied that they that give a true and fair view of the stste
of affairs of the company and of its income and expenditure for that period. In preparing these financial statements, the
Trustees are required to..
select suitsble accounting policies and then apply them consistendy.
observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements", and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will contr.nue in business.
The Tru$tees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any
lime the financial position of the charitable company and enable them lo ensure that the financial statements comp
with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularibes.
The trustees are responsible for maintenance and integrity of the corporate and financial infomiation induded on the
¢harrtable company's website. Legislation in the United Kingdom goveming the preparation and dissemination of
financial statements may differ from legislation in other jurisdicb'ons.
STATEMENT OF DISCLOSURE TO AUDrroR
In so far as the Trustees are aware..
there is no relevant audit infomialion of which the charitable company's auditor is unaware,. and
the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant
audit infomialion and to estsblish that the charity's auditor aware of that infomiation.
AUDITORS
A resolution will be proposed and agreed at the Annual Gefteral Meeting that SCB {Accountantsl Ltd be appointed as
audrtors of the Charity for the ensuing year.
The report of the directors has been prepared taking advantage of the small companies, exemption of section 41 SA of
the Companies Act 2006.
APPROVED BY THE BOARD AND SIGNED ON ITS BEHALF BY:
DAVID ORDMAN
CHAIR OF TRUSTEES
Date: 20 ry 2
Page I

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
'ALL ABOARD, SHOPS LIMITED
Opinlon
We have audited the financial statements of'AII Aboard, Shops Limited for the year ended 31S1 December 2025, which
comprise the Statement of Financial Activtties Isummary Income and Expenditure Account), Balan￿ Sheet, the
statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies.
The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom
A¢￿u￿ting Stsndards, including Financial Reporting Standard 102 The Financial Reporting Stsndard applicable in the
UK and Republic of Ireland (United Kingdom Ger)erally AC￿pIed Accounting Practieel.
In our opinion the financial statements-
give a true and fair view of the stale of the charitable company's affairs as at 31st December 2025 and of its
incoming resources and application of resources, including its income and expenditure, for the year then ended.,
have been properfy prepared in accordance with United Kingdom Generally A￿pted Accounting Practi￿,.
including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic
of Ireland,; and
have been prepared in accordance with the requirements ofthe Companies Act 2006.
Basis for opinion
We conducted our audrt in accordan￿ with International Standards on Auditing IUKI IISAS IUKII and applicable law.
Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the
financial statements section of our report. We are independent of the company in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard,
and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for OL*r opinion.
Conclusions relating to going concern
In auditing the financial statements, we have ¢on¢lvded that the diwtor$' use of the going concem basis of
accounting in the preparation of the financial statements 15 appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the entity's abilty to continue as a going
concem for a period of at least ￿e1ve months from when the finarkcial statements a￿ authori$ed for issue.
Our responsibilities and the responsibilities of the directors with respect to going concem are described in the relevant
sections of this report.
Other inforniation
The dir￿1015 are responsible for the other infomiation. The other information comprises the information included in the
annual report, other than the financial statements and our auditorfs ￿port thereon.
Our opinion on the financial statements does not cover the other infomialion and, ex￿pt to the extent otherwise
explicitly stated in our report, we do not express any fomi of assurance conclusion Ihereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing
so, consider whether the other information is materially inconsistent with the financial statements or our knowledge
obtained in the audit or otherwise appears to be materially misstated_ If we identify such material inconsistencies or
apparent material misstatements, we are required to detemiine whether there is a material misstatement in the
financial statements or a material misstatement of the other information. If, based on the work we have performed, we
conclude that there is a material misstatement of this other infomiation we are required to report that fact.
Vve have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion. based on the work undertaken in the course of the audtt..
The infomation given in the directors, report for the financial year for which the financial statements are prepared
is consistent with the financial statements.. and
The directors. report has been prepared in accordance with applicable legal requirements.
Page 19

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF (Contld)
'ALL ABOARD, SHOPS LIMITED
Matters on which we aro required to report by exception
In Ihe light of the knowledge and understanding of the company and its environment obtained in the course of the
audit we have not identified material misststements in the directors, ￿pOrL
We have nothing to report in respeGt of the following matters in relation to which the Companies Act 20C6 requires us
to report to you if, in our opinion".
adequate accounting records have not been kept or returns adequate for our audit have not been re￿iVed from
branches not V151ted by us-,
the financial slatements are not in agreement with the accounting records and re￿rns..
certain disclosures of trustees, remuneration specified by law are not made.,
we h8ve not r￿1Ved all the information and explanab'ons we require fr)r our audit..
the trustees were not entiued tr) prepare the financial statements in accordance with the small companies regime
and take advantage of the small companies exemption in preparing the Directors, and Trustees, Report.
Responsibilities of directorn
As explained more fully in the directors, responsibilities ststements, the directors are responsible for the preparation of
the financial statements and for being satisfied that they give a true and fair v¢ew, and for such intemal control as the
directors determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or effor.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a
going concern, disclosing, as applicable, matters related to going concem and using the going concern basis of
accounting unless the directors either intend tr) liquidate the company or to cease operalions. or have no realistic
altematNe but to do so.
Auditor's responsibilities for the audit of the flnancial statements
Our objectsves are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement whether due lo fraud or error, and to issue an auditor's reFX)rt that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with
ISAS IUKI will always delect a material misstatement when il exists. Misslatemenls can arise from fraud or error and
are considered material if, individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.
The extent to which our pro¢edures are capable of detecting irregularities. including fraud, is detailed below:
Irregularities, including fraud. are inStan￿S of non-compliance with laws and regulations. We design procedures in line
with OUT responsibilsties, outlined above. to detect material misststements in respect of iTregularities, including fraud.
We gained an understanding ol the legal and regulatory framework applicable to the company and the industy in
which il operates. and considered the risk of acts by the company that were contrary to applicable laws and
regulations, including fraud. We discussed with the Direclors the policies and procedures in place regarding
Complian￿ with laws and regulations. We discussed amongst the audit team the identified laws and regulations, and
remained alert to any indications of non-compliance.
During the audit we focussed on laws and regulations which could reasonably be expected lo give rise to a material
misststement in the financial statements. including, but not limited to, the Companies Act 2006, UK tax legislation,
Charity Act 2011, SORP 2019. Our tests included agreeing the financial statement disclosures to underlying
supporting documentsb'on and enquiries with management.
Our procedures in relation to fraud included but were not limited to". inquires of management whether they have any
knowledge of any 8Ctual, suspected or alleged fraud, and discussions amongst the audit team regarding risk of fraud
such as opportunities for fraudulent manipulation of financial statements. We delemiined that the principal risks related
lo posting manual journal entries lo manipulate financial performance and rnanagemenl bias through judgements in
accounting eslimales. We also addressed the risk of management override of internal controls, including testing
joumals and appropriateness of other entries in the nominal ledger,- reviewing transactions around the end of the
reporting period,. and evaluating whether there was evidence of bias by the directors that represented a risk of material
misstatement due to fraud.
Page 510

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF (Contld)
'ALL ABOARD, SHOPS LIMITED
Because of the inherent limitations of an audc there is a risk that we will not detect all irregularities, including those
leading lo a material misstatement in the financial slalements or non-￿MplIar>¢e with regulation. This risk increases
the more that compliance with a law or regulation is removed from the events and transactions reflected in the
financial slatemenls, as we will be less likely to become aware of instan￿S of non-compliance. The risk is 81$0 greater
regarding irregularities occurring due to fraud rather than error. as fraud involves intentional concealment. forgery,
collusion, omission or misrepresentation.
A fvrther description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website al www.frc_or
.uklauditorsres
onsibilibes. This description foms part of our auditovs
report
Use of our report
This report is made solely to the company's members, as a body, in accordance wtth Chapter 3 of Part 16 of the
Companies Act 2006_ Our audit work has been undertaken so that we might state to the wmpany's members those
matters we are required to state to them in an auditorfs rewrt and for no other purpose. To the fullest extent pemiitted
by law, we do not accept or assume responsibility to anyone other than the company and the company's members as
a body, for our audit work, for this repo¢ or for the opinions we have formed.
Jeffrey Bor FCA (Senior Statutory Audltor)
For and on behalf of SCB (Accountants) Ltd
31 Sackville Street, Manchester
M13LZ
Date: 2210512026

'ALL ABOARD, SHOPS LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
SUMMARY INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31ST DECEMBER 2025
Un￿￿triCted
Funds
Notes
2025
2024
Income
Grants, donations and legacies
234.704
234,704
222.307
Income from other trading activibes
3,307.332
3,307,332
3,203,958
Investment income
5.084
5,084
6.780
Other income
511
511
423
Total Income
3.547.631
3,547,631
3,433,468
Expenditvre
Cost of raising fvnds
3.536,637
3.536.637
3.275,521
Expenditure on charitable activits'es
Total expendlture
18.535
18,535
242,777
3,555,172
3,555,172
3,518.298
Net expenditure and net movement In funds for the year
17,541}
(7,541)
{84,8301
Reconciliation of funds
Tot21 funds, brought fO￿ard
Totsl funds. carried forward
836,721
836.721
921,551
829,180
829.180
836,721
The Statement of Financial Activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.
CONTINUING OPERATIoNg
None of the company's activities were acquired or discontinued during the above financial periods.
TOTAL RECOGNISED GAINS AND LOSSES
The company has no recognised gains or losses other than the above movement in funds for the above financial
periods.
The notes on pages 15 to 23 form part of these accounts.
Page 112

'ALL ABOARD. SHOPS LIMITED
BALANCE SHEET AS AT 31ST DECEMBER 2025
2025
2024
Flxed assets
Tangible fixed assets
12
382,334
340,074
Current assets
Debtors
Cash at bank and in hand
13
179,255
413,423
156,011
559.181
592,678
715,192
Llabilities
Creditors falling due within one year
14
{145,8321
1214,661)
Net current assets
446,846
500,531
Creditors falling due after one year
14
13.8841
Net assets
829,180
836,721
The funds of the charity
Unrestricted funds
16
829,180
836,721
Total ¢harlty funds
829.180
836,721
The Trustees have prepared a¢wunts in accordance with Section 398 of the Companies Act 2006 and Section 138 of
the Charities Act 2011.
These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to
small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to
members of the company.
These accounts were approved by the Board of Directors and TTUStees on 20
behaW by..
and were signed on its
DAVID ORDMAN
DAVID EZEKIEL
Coin
ny Registration No: 02571767
The notes on pages 15 to 23 fomi part of these accounts.
Page 113

'ALL ABOARD, SHOPS LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31ST DECEMBER 2025
Notes
2025
2024
Nèt cash louttlowl I Inflow from operating activities
18
128,1671
9,778
Cash flows from investing activltles
Interest income
Purchase of tangible fixed assets
5,084
(121,3351
6,780
{56.9691
Cash used in investlng aclivities
(116,2511
150,1891
Cash Ilows from flnancing activities
Interest on borrowing
11,3401
11,340}
Cash used In flnanclng activitles
11,3401
11,340}
Decrease in cash & cash equivalents in the year
{145,7581
{41.7511
Cash & cash equivalents at the beginning of the year
559.181
600,931
Total cash & cash equlvalents at the end of the year
413,423
559,181
Page 114

'ALL ABOARD. SHOPS LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2025
AGCOUNTING POLICIES
1.1 Basis of preparatlon of accounts
The financial statements have been prepared in accordan￿ with Accounting and Reporting by Chartties..
ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) leffective 1 January 20191
Icharslies SORP IFRS 10211. the Financial Reporting Stsndard applicable in the UK and Republic of Ireland
IFRS 102} and the Companies Act 2006.
The Charty meets the definition of a public benefit entity under FRS 102.
The financial statements are prepared in sterling, which 15 the fvnctional currency of the Charity. Monetsry
amounts in these financial statements are rounded lo the nearest £.
The accounts (financial st*mentsl have been prepared under the histortcal cost convention with items
re¢ognised at cost or transaction value unless othetwise staled in the relevant notels) to these accounts.
1.2 Preparatlon of accounts on a golng concern basls
The Charity's Financial Statements show net deficit of £7,541 for the year and free reserves of £829,180.
The Trustees have assessed whether the use of the going cOn￿M basis is appropriate and have considered
FX)ssible events or conditsons that might cast significant doubt on the ability of the charity to continue as a going
concem. Trustees will continue to monitor and ensure spending to be done in line with income in order to
maintain target level of reserves. The review of Cashflow for 12 months from the date of approval of the financial
statements, the assoGi*ed assumptions that underpin it, secured new income and the steps that could be taken
to reduce expendtture should this be necessary.
Based on this assessment, the Trustees have a reasonable expectation that the charity has adequate resources
to continue in operation for the foreseeable fvture. The￿f0￿, the twstees have adopted the going concem
basis in preparing these accounts_
1.3 Income
Income is recognised when the Charity has entitlement to the funds, any perfomwncè conditions attached to the
itemlsl of income have been met, it is probable that the income will be re￿iVed and amount can be measLrred
reliably.
a} Income re￿Ned by way of donations and legacies are included in fvll in the Statement of Financial
Activities when received, unless they relate to a specified future period, in which case they are deferred.
bl Legacies entitlement is tsken as the earlier of the date on which either.. the charity is aware that the
probate has been granted. the estate has been f5nalised and notification has been made by the
executorlsl to the Charity that the distribution is made, or when a distribution is received from the estate.
No legacies were received during the year.
cl Interest on ftjnds held on deposit is included when receivable and the amount can be measured reliably
by the Charity,. this is normally upon notification of the interest Paid or payable by the Bank.
1.4 Donated goods
Donated goods for resale are not recognised on receipt. Instead, the value to the charity of the donated goods
sold is recognised as income when sold. Estimating the fair value of donated go¢JJs for resale is impractical
because of the low-value items received. The prO￿ed$ of sale are oategorised as 'lncome from other trading
activities. in the Statement of Financial Activities.
1.5 Volunteers and donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control
over the item. any conditions associated with the donated item have been met, the receipt of economic benefrt
from the use by the charty of the item is probable and that economic benefit can be measured reliably. In
accordance with the Charities SORP IFRS 1021, the general volunteer time of the Friends is not recognised 8nd
refers to the trustees. annual report for more infomiation about their contribution.
On receipt. donated professional services and donated facilities are recognised on the basis of the value of the
gfft to the charity which is the amount the charity would have been willing to pay to obtsin services or facilities of
equivalent economic benefit on the open market,. a corresponding amount is then recognised in expenditure in
the period of receipt. No such donations were received during the year.
Page 116

ALL ABOARD, SHOPS LIMITED
NOTES TO THE ACCOUNTS (Contld)
FOR THE YEAR ENDED 31ST DECEMBER 2025
1.6 Expenditure recognition
Expenditure is recognised on an 8ccru81 basis as a liability is incurred.
Expenditure is classified under the following activty headings..
al Cost of raising funds comprises the cost of seeking donations and legacies and Ihe costs of trading for
fundraising purposes including the Charity's shops.
b) Expenditu￿ on charitable activities comprise the making of donations to other chartties. Donations a
recognised as 8 Cost when the Board of Trustees approve the totsl donations for the year.
1.7 Allocation of support costs
Support Costs are those fijnctions that assist the work of the charity but do not directty undertake charilab
activities. Support costs include back-office costs, finance. personnel, payroll and governance costs which
support the charity's activities. These costs have been allocated be￿een cost of raising ftjnds and expenditure
on charitable activities. The b8sis on which support costs have been allocated are set out in note 7.
1.8 Funds accounting
Unrestricted fvjnds are available for use at the discretion of the Trustees in furtherance of the general objectives
of the Chanty
1.9 Operating leases
The charity classifies the lease of propety as an operating lease. The rentals are charged to the Statement of
Financial Activities on a slraight-line basis over the lease duration.
1.10 Taxation
The Char*ty is a registered chanty and, therefore, is not liable for Income Tax or Corporation Tax on in¢ome
derived from its charitable activities, as it falls within the various exemptions available to registered Charities.
1.11 Tangible fixed assets
Expenditure relating to tangible fixed assets is expected to be used over several yeaTS and where the asset
exceeds £2000, they are capilalised al cost and depreciated over their eslimaled useful economic lives.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estsmated
residual value, over their expected useful lives on the following basis..
Short temi lease and improvements
Fixtures. fittings and equipment
EPOS System
Over period of lease
20°k net book value
Over 5 years
1.12 Cash at bank and In hand
Cash at bank and in hand includes cash and short-term cash deposits.
1.13 Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
1.14 Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from 8 past event
that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be
measured or estimated reliably. Creditors and provisions are nomally recognised at their settlement amount
after allowing for any trade discounts due.
1.15 Financial instruments
The Trust only has financial assets and financial lÉabil¥ties of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at their
settlement value with the exception of bank loans which are subsequenly measured at amorbsed cost using the
effective interest method.
Pats> 116

ALL ABOARD, SHOPS LIMITED
NOTES TO THE ACCOUNTS {Contld)
FOR THE YEAR ENDED 31ST DECEMBER 2025
1.16 Judgement and key sour¢es of estimation uncertalnty
In the application of the company'5 a¢counting policies, the charity is required to make judgments, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other fa¢tots th8t
are considered to be relevant. Actual resulls may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the e5tiTnate is ￿VISed where the revision affects only that
period, or in the period of the revision and future perirjds where the revision affects both current and future
periods which are addressed as below..
Useful economic lives of tangible assets- Depreciation of tangible fixed assets has been based on
estimated useful lives and residual values deemed appropriate by the trustees. Estimated useful lives
and residual lives are reviewed annually and revised as appropriate. Revisions take in to account actual
asset lives and residual values as evidence by disposals during current and prior accounting pertLxIs.
1.17 Pensions
The charity operates a defined contn"bulion scheme for the benefit of its employees. Contribution's payables are
charged to the statement of financial activity in the period they are payable.
GRANTS, DONATIONS AND LEGACIES
Unrestricted
2025
2024
Legacies & Bequest
Individual donations
Gift aid
1,350
4,251
216,71
2.114
232.590
2.114
232,590
234.704
234,704
222,307
The donations and legacies in 2024 totalling £222,307 was all attributed to unrestrrcted funds.
INCOME FROM OTHER TRADING AcTIV￿lEs
Unrestricted
2025
2024
Tradlng Income:
Tumover from donated goods
3,307,332
3.307,332
3,307,332
3,307,332
3.203,958
3,203,958
The trading income in 2024 lotalling £3.203.958 was all attributed to unrestricted funds.
INVESTMENT INCOME
Unrestrict
2025
2024
Interest on cash deposits
5,084
5,084
5,084
6.780
5.084
6,780
The interest income in 2024 totalling £6,780 was all attributed to unrestricted fvnds.

'ALL ABOARD, SHOPS LIMITED
NOTES TO THE ACCOUNTS (Contld)
FOR THE YEAR ENDED 31ST DECEMBER 2025
OTHER INCOME
Unrestricted
2025
2024
Bag Sales
Curator
239
272
239
272
373
50
511
511
423
The other income in 2024 totalling £423 was all attributed to unrestiicted funds.
ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Charity
shops Donations
2025
2024
Staff costs
Shop costs
Cttarit8ble donations {see note 8}
Govemance costs (see note 71
Support costs (see note 71
1,826,660
893,944
1,826,660 1.679.801
893,944
822,381
18.535
242,777
6,720
6.720
809,313
766,619
18,535
6,720
809,313
3,536,637
18,535 3.555,172 3,518,298
ExpenditLfre of £3.555,172 in 202512024 - £3.518,2981 was charged to unrestricted funds.
ANALYSIS OF SUPPORT AND GOVERNANCE COSTS
The Charity initsally identifies the costs of its support functions. 11 then identifies those costs which relate to the
govemance function. Govemance costs and other support costs are apportioned separalely bebNeen charity's
o key activities undertaken Isee note 61 in the year. Support costs have been allocated on the basis of staff
time and floor area usage where appropriate. Refer to the table below for the basis for apportionment and the
analysis of support costs and govemance costs.
General
Support Governance
2025
2024
Premises
Warehouse salaries
General and Offi￿ staff costs
Communications
Travelling
Information technology
HP Interest
Legal and professional fees
Depreciation
Bank and credit card charges
other expenses
Audit fees
127,051
49,584
318,091
63,103
37,434
52,218
1,340
34,150
79,075
46,987
280
127,051
49.584
318,091
63.103
37,434
52.218
1,340
34,150
79,075
46,987
280
6,720
816,033
116,482
40,808
298,948
69,117
41,511
44.556
1.340
33,785
78,798
41.275
6.720
6,720
6,720
773,339
809,313
Page 118

'ALL ABOARD, SHOPS LlPJtITED
NOTES TO THE ACCOUNTS (Convd)
FOR THE YEAR ENDED 31ST DECEMBER 2025
CHARITABLE DONATIONS
Unrestricted
2Q25
2024
Charitable purpose:
Communty
Education
Elder5y Welfare
Environmental
Medical
Welfa
Youth
Carrier bagslenvironmental
Welfarelcommunity
Youth Welfare
Youthlcommunity
Jewsh ProVin￿S Charities
Medicallcommunity
10,515
610
10.515
610
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
373
373
7.037
7,037
18,535
18,535
NET INCOMING RESOURCES
Net incoming reSoUr￿S are shown after charging..
2025
2024
Depreciation of tangible fixed assets
Operating leases- rent
Auditovs remuneration
79.075
634.599
6,720
78,798
587,984
6,720
720,394
673,502
10. ANALYSIS OF STAFF COSTS, TRUSTEES REMUNERATION AND EXPENSES, AND COST OF KEY
MANAGEMENT PERSONNEL
STAFF COSTS
202S
2024
Salaries and Wages
Social security costs
Pension costs
1,910,181
193,986
33.158
1,604,441
130.359
31,585
2,137,325
1,966,385
The number of employees whose total employee benefits excluding pension contributions eaming over
£60,000 classified within bands of £10,000 is as follows..
2025
2024
£60,000-£69,999
£70.000-£79,999
£80.000489,999
No Trustee received any remuneration during the year12024 - £nil}- No Trustees received reimbursed expenses
during the year12024 - £nil)
The key management personnel of the charity comprise the Chief Executive Officer. The totsl employee
benefits (including employer national Insuran￿ and employer pension) of the key management personnel
during the year were £88.64412024 - £84,719).

'ALL ABOARD, SHOPS LIMITED
NOTES TO THE ACCOUNTS (Convd)
FOR THE YEAR ENDED 31ST DECEMBER 2025
11. STAFF NUMBERS
The average weekly full time number of staff eTnployed by the Charity during the p8riod was as follows..
2025
2024
Direct charitable work
Administrative work
60
The average number monthly employees during the year were 12012024- 1081.
In addition, a great amount of tsme, the value of which it is impossible to reflect in these financial statements, is
donated by approximatety 210 volunteers which equates lo over 31,000 volunteer hours during the year. In
temis of number this is equivalent to sixteen full time staff positions.
12. TANGIBLE FIXED ASSETS
Short temi Lea¥¢
ènd
Improvemerts
Fixtures,
Fittings and
Equipment
EPOS
System
Totsl
Cost as at l January 2025
Additions
Disposals
Cost as at 31 December 2025
250,481
44,834
674,294
76,501
118.039 1.042,814
121,335
295,315
75CI.795
118,039
1,164,149
Acc Dep as at 1 January 2025
Charge ftsr the year
ACL Dep as at 31 Decembei 2025
199.108
397,246
61,924
459,170
1Ce,386
5,826
112,212
702,740
210,433
781,815
Net Book Value as on 31 De￿mber 2025
84,882
291,625
5,827
382,334
Net Book Value as on 31 December 2024
51,373
277,048
11,853
340,074
The net book value of tangible fixed assets includes £5.827 in respect of assets held under finance lease. The
depreciation charge in respect of such assets arTh)unted to £5,82612024- £5,826) for the year.
13. DEBTORS
2025
2024
Other debtors
Accrned Income and Prepayments
3,471
175,784
953
155,058
179,255
156,011
Page 120

'ALL ABOARD. SHOPS LIMITED
NOTES TO THE ACCOUNTS (Conud)
FOR THE YEAR ENDED 31ST DECEMBER 2025
14. CREDITORS:
Credltors falllng due wlthln one year
2025
2024
Net obligation under financial lease agreement
Trade creditors
Taxation and social security
Other Creditors and Accruals
3,884
72,410
41,326
28,212
5,826
30,106
30,248
148,481
145,832
214,661
Creditors falling du8 aft¢r one year
2025
2024
Net obligation under financial lease ag￿erneTrt
3,884
3.884
Other Creditors and Accruals include a balance of £Nil {2024.' £106,160) approved by the Board to be
distributed 8s Donations to other charities.
15. SHARE CAPITAL
The company is limited by guarantee and does not have a share capital divided by shares.
16. ANALYSIS OF CHARITABLE FUNDS
Balan¢• at
01.01.2025
Balance at
31.12.2025
Income
Expenditure
Unrestrfcted funds:
General funds
836.721
3.547,631
3,555.172
829,180
Total funds
836,721
3,547,631
3,555.172
829,180
Analysls of charitable funds- previous year
Balance at
01.01.2024
Balance at
31.12.2024
Income
Expendlture
Unrestrictod funds:
General funds
921.551
3,433.468
3,518,298
836.721
Total funds
921.551
3,433,468
3,518,296
836,721
Description, nature and purp￿¢ of unrestricted fund¥:
General fvnd represents fullds available to spend al the di$cretion of the Tmstees.
Page 121

'ALL ABOARD, SHOPS LIMITED
NOTES TO THE ACCOUNTS {Contld)
FOR THE YEAR ENDED 31ST DECEMBER 2025
17.
ANALYSIS OF FUND BALANCES BETWEEN NET ASSETS
Unrestricted
2025
2024
Tangible fixed assets
Net CLsrrent assets
Creditors f811ing dL¢e after one year
382,334
446,846
382,334
446.846
340,074
500,531
{3,8841
836,721
829,180
829.180
Prevlous year:
Unrestricted
2024
2023
Tangible fixed assets
Net current assets
Creditors falling due after one year
340,074
500,531
3,884
836,721
340,074
500,531
13,884
836,721
361,903
586.383
16.7351
921.551
18. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPERATING ACTIVITIES
2025
2024
Net movement in funds
Add back depreciation
Add back Interest on Finance Lease
Deduct interest income shown in investment activibes
Ilncrease)Idecrease in debtors
Decrease in creditors
17,5411
79,075
1,340
{5,0841
123,2441
172,7131
28,167
{84,8301
78.798
1,340
16,7801
30,499
19.2491
9,778
Net cash loutllow) I Inflow from operating activities
19. OPERATING LEASE Comm￿MENTs
The amount5 payable in the forthcoming year in respect of operating leases relating to rent and service charges
are sh(Iwn below. analysed according to the expiry date of the leases.
2025
2024
Within one year
Between bNo and five years
After five years
532,088
1.277,725
451,662
486,378
912,788
176,812
1,575,978
2,261,475
Page 122

'ALL ABOARD, SHOPS LIMITED
NOTES TO THE ACCOUNTS (Contld)
FOR THE YEAR ENDED 31ST DECEMBER 2025
20. ULTIMATE CONTROLLING PARTY
For the whole of the year. the charity was under the control of the directors and trustees as shown on page 7.
21. RELATED PARTY TRANSACTIONS
Details of transactions wf(h trustees and senior management a￿ ift note 10.
22. PENSION COSTS
The pension contributions payable by the Chanty amounted to £33,15812024 - £31,585). £1,81712024-
£1,509) were due at the year end and included in creditors.
Paoe 123