Exeter Scrapstore A company limited by guarantee Company Number 07619244 Charity Number 1143182 Annual Report and Financial Statements for the year ending 31 March 2025 Unaudlted Accounts
EXETER SCRAPSTORE INDEPENDENT EXAMINATION REPORT to Ihe Trustees of Exeter Strapstore For the perlod ended 31st March 2025 Basls of Independent examlner's report My examination was carrled out In accordance wlth the general dlrections given by the Charity Commission. An examlnation Includes a revlew of the accounting records kept by the charity and a compar150n of the accounts presented with those records. It also includes consideration of any unusual Items or dlsclosures In the accounts. and seeking explanatlons from you as trustees concernlng any such matters. The procedures undertaken do not provlde all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a'true and fair view, and the report is limited to those matters set out in the statement below. Independent Examlner's statement In connettion with my examination, no matter has come to my attention: (l) which gives me reasonable cause to believethat tn any material respect the requirements: - to keep accounting records in accordance wlth sectlon 386 of the Companies Att 2IX)6: and - to prepare accounts with accord with the accountln8 record5, cornply with the accounting requirements of sertlon 396 of the Companies Act 2CM)6 and the methods and principles of the Statement of Recommended Practice: Accountin8 and Reportin8 by Charitie5 have not been met; or to which, in my opinion, attention whould be drawn In order to enable a proper understanding of the accounts to be reached. 14th July 202S . Date............................................... Exeter Community Accountln8 PAg¢ 2
EXETER SCRAPSTORE COMPANY INFORMATION Company Address: Gordon Road Exeter EXI 20H Company Number: Charity Number 07619244 1143182 Directors: Alan Caig Nicola Pltcher Stuart Crewe5 Graham Kingdon Johanna Franziska Korndorfer (appointed June 2024) Dianne Christine Holland (appointed February 2025) lreslgned February 202S) Secretary Anna Clalre Aroussl lappolnted February 2025) Registered Office: as above Independent Examiner Exeter Communlty Accounting Bankers; Co-operatlve Bank High Street Exeter Page 3
EXETER SCRAPSTORE State Flna ctlvltles for the Year Ended 31 March 2025 Unrestrlcted Restrlcted Funds Funds 202412025 Total Funds 202412025 Total Funds 202312024 Income from: Donations Grants Charitable activities Note 568 5.748 36,303 568 7,248 36,303 1,025 5,858 35,380 1,500 Total Incomlng resources 42,619 I,soo 44,119 42,263 Expendlture Charitable activities Total expendlture 43,186 43,186 43,186 43,186 39,066 39,066 Net Income 1.500 933 3.197 Reconciliation of funds Total funds brought forward Total funds carried forward 42,684 42,117 5,310 6.810 47,994 48,927 44.796 47,994 Page4
EXETER SCRAPSTORE BALANCE SHEET as at 31st March 2025 Nole 202412025 202312024 FIXED ASSETS Tangible CURRENT ASSETS Debtors Prepayments & Accured Income Stock Cash at bank and in hand 276 1,431 662 48,742 228 1,351 881 51,111 Xl,622 CURRENT LIABILITIES Creditors: amounts Falling due In one year Accruals 2,184 6,500 1,997 8,497 TOTAL ASSEfs LESS CURRENT LIABILITIES 42,427 42,125 FUNDS OF THE CHARITY Unrestrlcted Funds Restricted funds Liquidity fund Provision of cost to close 42,117 6,810 42,684 5,310 631 16,5001 16,5001 Total funds 42,427 42,125 The company is entitled to exemption from audlt under sectlon 477 of the Companles Art 2006 for the year ended 31st March 2025 Dlrectors, responslbllltle5: The members have not requlred the company to obtaln an audlt of Its flnanclal statements for the year ended 31st March 2025 In accordance wlth sertion 476 of the Companles Act 2006, The dirertor5 acknowledge thelr respon51bllitles for: lal ensuring that the ¢ompany keep5 0c¢ountln8 records whlch comply wlth Sectlons 386 and 387 of the Companles Act 2006 and Ibl preparing financial statements whlch elve a true and falr vlew of the state of affalrs of the company as at the end of e8ch financial tear and of its profit or1055 for each financlal yeor In accordance wlth the requlrements of Sectl¢n$ 394 and 395 and whlch otherw15e comply wlth the requlrements of the fompanles Art 2006 relatlng to flnanclal statements. so far as appllcable to the company. 21 .2075 The financlal statements were approved by the board on ......... Slgned on behalf of the board of dlrectors Date P83
EXETER SCRAPSTORE l. Acwuntlrypolld•s 1.1 B•$li of •¢wuntl These at(our¢ts have been pr¢pared under Ihe hlstorlcal cost conventlon wlth Items recoirylsed at (ost or trnnsartlon vilue unless othetwlse stoled In the relev8nt $te(SI to these accounts. The5t accounts hwve been Ppared In accordance with the Statement ol Recomrnended Practlce '. Acrountln8 and Reporttng by Chadtle5 prepJdn8thelr K¢ounts In actordance wlth the Flnanclal Reportlnl Standard appllcable in the UK and Repvbllc ol Ireland IF115 1021 Issued on 16 luly 2014, and wlth the Flnantlal Standard l¢•blt in the Unlted Klnqdom and Republ1¢ of I11Thd IFRS 1021, Bnd wllh the Chirltlès Ad 2011. 1.2faolni c¢rtm The trustee5 wnslder that there pre no materlal un¢ertalntles pbout the ch4rlty'$ Bblllty ¢0 tontlnué as • plni conttm nor iThy sl8Thificant artas of uncertalnty that affect the carrylng vjlue of assets held b¥ the charlty. Inttme Is Induded In the Stalem•nt of Flnantlal Actlvltles ISOFAI when the ¢harlty bewme5 entltled to the re50urc•. h ts more Ilkely than not that the trustees wlll rectlve the Income and the monetsry vilue can rneaswed th sufficient rEllablllty. Thre has bEen no offsettln8 of a55ets and Ilabllltles, or Income and eynses, unless requlr•d or p¢mltted bythe FR$ 102 SORP Of FRS 102. Gr•nts and P•Mtbo Graots ind donations •re only Included In th• SoFAwh•n the 8en•ral Income reth8nl¢lon ulterfa ire rn•t1S.ioto 5.12 FRS102 SORPI. In the tase of perforrnan rnl•ted irints, Income l$ontyr01n1Sed to the extenl thai the charlty has provlded the sperlfied 8QDds or servlw •seniiil•m•nt t?th• 8r•ntofily o¢cur5 wh•n tho p•rlormance related condltlons afe m•t IS.16 FRS 102 SORPI. Don•t•d Servl¢uand Fadllll Donated services and facilltlesare Included In the SOFA rttelved itth• valu• 91 th• 84ftta ih•thafbty pded th1• otthe8rft ¢an b• fflea5ured rellablv. L4 EMp•ndltw•nd U1111 b115tyft•wltlon abllStles ore r¢co8nis•d where Itmofe Ilkl¥th•n notthat thert Is J leial or ¢onstrudve obll8•tlon Commin1th* thadty t¢¥ p•y out resour¢ts and tht amount of ts oblliatlowt can be mt•surod wlth re450nobF•c•rtalnty.
Notes to the Actounts for I Year Ended 31 Ma h202 cont'd Go¥m•n¢e and Supwtcosls Support ¢051s havè bÈeTh allocated between 8overnancÈ costs and other support, Govemance ¢05ts comprlse all ¢05ts Involvlni publlc Httountablllty of the chèrlly ond Its compllance wlth feiylaiion and good practlce. Support Costs lTrclude tentral fuiict10115 and have been allocated to actlvl¢y cost categorles on a basls con51sient wlth the use of re50urtts, e.B. allo¢atln8 propertyc05ts byfloor areas, or per caplta, stalf costs by the tlme spent and other costs by thelr usage. 1.STJnObleflxed assets FIKed a$5els are re(oréed •t cost le$5 any subsequent a¢¢umulated deprerlgtbon #nd subsequent accumulated Impaimient 105SeS. DePrlatIofj and aMOrtlsJtlon Dèpreciaiion Is provlded on tan8lble fixed assets so as to wrtle off thecost or valuatlon, lèss any •stlm•ted reslduar valve, over rtadlly ihelr expeded useful xonomk Ilvts as follows.. $5et dass Depretlallon method and rate Offite equlpmtni 25% 5tra58ht Ilne basls l.6 Cash and wh equlv•lents Cash and ¢a5h equfvalents comprfse cash on hand and call deposlts, and other short térm hl8hly Ilquld Investments thit artconvertlblt io ) known amount ol ush andare Subject lo •n Insl8nlliuntrlsk ol chaTr8e In valu• Ineom• from Donllons & Grnnts 20241202$ Unr•strkl•d R•strfd•d lunds Funds 202312024 Total Totsl lunth lunds 1,02S 7,643 General Donations Membershlp 568 6.623 6,623 Gr•nts Exeter Ctty Coundl Rent & Rates 8rant Oth•r 8rants 5,448 300 5,748 4,916 942 1,500 1.500 7.248 Income from ¢h•rtt•bl• •dlvltl 2,086 26.593 370 631 29,681 2.086 26,593 370 631 29,681 2.9S6 24,151 Sales- Strap Sales -other quidity Fund 630 27.737 Tot•1 Inrn• Lsoo 44.119 42,263 Exp•ndllur• on tharSt•bl• xtmtles 2024ft025 Unrtstrlrt•d Restrlrt•d funds Funds Tot•l funds T¢)t41 Iw Purchases & Shop consumables Event C05ts Volvntèef Expenses Wa8es & Salarles krapstone Rent & Rates Premlses Expenses Insurance Motor Expenses Prlntln& Postsge & Statlonery Telephone and Broadband Computer & SOare Accountsnry & Professlonal Bank and Platform charges 1.835 242 392 26.065 7.153 2.675 344 1,534 1.835 242 392 26,065 7,153 2.675 1,991 260 228 23.783 6,593 2.220 330 1.661 298 358 970 721 1.534 100 934 339 934 339 h8e7
EXETER SCRAPSTORE Note5 to the Actounts for the Year Ended 31 March 2025 cont'd 102412025 202312024 Debtors and Prepayment5 Trade debtors Prepayments 276 1,431 1,707 228 1,351 1,579 Credltors- amounts fall1 due wlthln om year Trade creditors Independent Examiner's Fee Accruals 1.934 250 6,500 8,684 1,772 225 6,500 8,497 Trurtees Remuneratlon & Beneffts Durin8 the year trustees received £0 {2024- £0) St•ff costs The monthly average number of persons {includln8 senior management team) employed by the charity durin8 the year expressed as full time equivalents was as follows: 202412025 202312024 Projert Activities Management and admln55tration No employee received emoluments of more than £60,CLKI durin8 the year P•Be I