foood CCR Foundation (a company limited by guarantee) Trustees, Report and Financial Statements for the year ended 31 December 2023 found , Charity number. 1147361 Company number. 0796049) Page.. I
Conlents." Administrative details Trustees. repc Independenl Examiner's report Statem8nt of Financial Actiwties p4e 8 Balance Sheet Statement of Cash FkNYs page 10 pages 11-12 Notes to the Accounts Administrative details.. Our organisation came into being several years after a group of individuals and members of Chnst Church Roxeth considered that a ch*ity shop in the Roxeth area of South Harrow could bring beneftts to the k1 community. A prNate company, CCR Foundation. h'mited by guarantee. havir¥J no share capital, was incorw)rated at Companies House. number 07960490. on 22TrJ February 2012. The CCR Foundation has been tradiTrJ as Yn(r since 7 May 2012. Charity number Company nurnb8r Registered address.. 1147361 07960490 9 Shaftsbury Parade, Shaftstxjry Avenue, Harrow. HA2 OAI Directors and Trustees: Katharine Penman (Chair) lapwinted 5 June 2023) Arthur Akhurst Bola George Colin Hthnan lapkM)inted l June 2023) Rthard Anlcliffe (resigned 310ecembeT 2023) Matthew Isherwood {resigned 31 December 20231 Rachael Matthews IreswJned 1 Apfil 20231 O• rnmntw: 1147361 . Ccrfnpany number: 079604) Pa8e'. 2
Rèport of the trusteès for th& year ondlng 31 Docembèr 2023 The trustees a pleased lo presenl their annual report, wilh the finanryal ststemenls of the charity, for the year ended 31 December 2023 which are also prepared to meet the requirements for a directors. report and accounts for Companies Ad purposes. The financial slalements ccnply wrth the ACCntIng and Reporting by Charities.. Statement of Recommended Praclice aptAicable to charit5 preparing their ac(x)unts in accordance with the Financial Rep(x1ing StsrKlard applicable in the UK and Rewtlic of Ireland (FRS 1021 (effective 1 January 2015). Chalr's report Our charity shop foundopened in 2012. With its distinctNe signage and prominenl position on Shaftesbury Circle the sFM)p is now well estabiished and recognised as a place lo find a bargain, a friendty V1C(>e and a listening ear. A pla to lyowse and W, or to relax in our communty area with its Gafe. books and media items. The money w8 make from selling and r8cydiTrJ donated is used to support community and mission ath'vitbes. This indudes helping people in irrmediate need, funding children and youth work. and supporting the th of specialist local charities. 2023 has been a year of personnel changes f found. This has broughl Loth challenges and new ideas. However. we wish lo thank those who bring the wisdom aTrJ stabilty of years of servi in their capaiity as volunteers. staff. and trustees. Thank you also for continued support of those who have 1 stepped down. The Shape of the staff team wthin the shop is evolving. The staff continue to work tire1Y at managin9 the UnpdICtable days at fcrfjnd while teaching new members of the cfew the many sklls needed on the job! We cannot thank you enough. It is lIlian1 that the rt of thos8 willirKJ to contribute th8ir time and 8nwgi8S to fourKJ is widening. The volunteers remain the beating heart of the shop. What fijn rt L8 to see the skn'ls and irKlividual fiair they trng - thank you. Financially we mel Cmjr sales targel for the year with OL#ob8r, Novemb8r and December 2023 sales exc8eding those of th8 equivalent months in any previous As a relail business hit a huge mi18Stonè in 2023 as we broke the £1 milim mark in total sa8s since opening in 2012. What an aZIng testimony to the orwjinal vision. hard those pasl and present and the contsnued good favcrfjr of our Ld. Wo continue to thk Ouard to our communrty in mission and LofKJon City Mssi (LCM) visit weekty alongside Carol Som)az. the thildrens. worker frLNn Ctwisl Church Roxeth - who also ran Celebratn5 al Easter and Christmas on the green wt%de the shop. and of rse for the coron1 of Charles111. We support and partner with local gaINsatM)nS such as Baby BanK Firm FoLsndation. CAP. Harrryw Foodbank arKI RtrGeneration. Our desire is to grow in mission as we seek to be the 0rIty numtr: 114T361- Company number. 079fth Pa8e= 3
face of Jesus in our local communty. May found be a place where people meet GCKI in the welcome and love of stsff and volunteers. Thankfully people bring us their donatws. However. there are also Ihose who bring the baggage of life and we sincerely ho that they wll find an orn twrt, listening ear and prayer if they choose to add these to their visrt. Our purposes and activities The company was fcymally registered as a charity by the Charity C(Knmission on 22nd May 2012 with objecbves to.. Advance the Christian faith Relieve poverty Advance education Fulfil such other purposes whi(t are exdusivefy charitable. We aim to suppcM1 individuals and to build Ictal cfjmmunity by prcNiding opportunities for developing workplace skills and lifelong leaming. We are also passionate al)out providing services to those in need. thr(wh the relief of poverty and educatic. A sense of wellbeirNJ is essential to everyt and part of ow aim is to give time and space to discover and explore issues of life and faith. We actively promote indusion to all sectors of the cofflmunty and will seek to assist any person regardless of age. gender. disabilty. race. relMJion or sexual ortentation. Our faith is at the ntre of our values as shown wi the lrfe cl Je5. and can be summarised as follows: To supwt our o)mmunty. To vffjlccrfi)e the k)nely. To feed the hungry. To bring rekase from guilt and shame. To bring God's hwe to a token Yr1d. To pray ts healing for the sick and oppressed. To enable others to find s(Yace and a sense of purpose. The very heart of found is lo find ways ol SUpping the community and we are pleased to say that w8 ar8 now wcking with several other organisatKsns to mak8 this happen. l]wty numiw: 1147361 . Cryany Thjmber. 079f4)4 Page: 4
To date we have suprorted several causes- Causes like our partn8tslNp with Flmi Foundallon. the Charity seeking to help homeless individuals. Flrni Foundatlon belongs to our voucher scheme and rf a FOUNDATION rSOn is in need of dothes or olher gocmjs they can c(xne and visit the shop and exchange them. t FIRM Local Community Support We continue to look to parther with a number of k)c81 charities IJUding. Regeneration Firm Foundath)n Harrow Food Bank Fresh Horizons Chnsts'ans against Poverty Many people have been helped either directly or through our voucher scheme. We contsnue to wcKk dosely with local schools pnmding work eXpenen and retail training. Flnanclal Rovlow Overall income generated in 2023 was £135k which vras sThilar to the prior year, demonstrating a stabl8 LnteXL The total cost of raising funds tefore (tharitable exFenditure was £126k which was a 23% increase on the prior year and rellecled our desire to invesl in our staff resource as well as the upward pressures of infiab'on on our costs. In 2023 we were able to spend £13.8k on prime charitable wrFW)se of local community support, an arUnt broadly similar to the year. In 2023 our net expenditure for the yeaf overall was a £4.9k deficat. resulling in totsl funds to be carried forward of £43k. R1ve$ and golng concem Res8ry8s are needed to bridge Ihe gap between the spendiry and recèiving of income and to cover unplanned emergency expenditure. The trustees aim to maintain free reseNes in unrestricted fuThJs at a level which equates lo approximatety three to four months of unrestricted expenditure, being of the order of £35k to £47k. Tr trustees consider that this 18vel will provide sufficienl fvnds to respond to urgent MMUnty suppjrt appeals or to cover unexpected administration arKI govemance costs. A8 al 31 December 2023 the charity had unrestricted reserves of £43k and will cCtinue to rnonitor its free reserves tanJel in future years. Investment polky The Iruslees, having regard to the liquidty requirements of the charity shop. have kept available furKls in an instant a$$ bank accoun( which whilst Th)t generating investment income also does not incur significant costs to 0[rate. Ctsrity numt*r: 1147361 . Company number. 079fl) Page.. 5
Rlsk Management: The principle risk faced by CCR FoundaiKm is to nol generate erwh inrne from sales in order to cover operational costs. Other risks include damage to shop flitIeS due lo water ingress, and health and safety more generally in and around the shop. A key operathjnal risk is being unable lo recruil necessary number of volunteers or skilled staff. All these risks ar8 kèpt under r8gular by th8 truste8s. and miti9ats.ng actKJns taken to manage the risks. Remuneratlon pollcy: The directors consider the board of directors, are the charity's trustees, and the management team comprise the key management personnel of the tharity in charge of directing and controlling, running arKI operating the charity on a day to day basis. AJI directors give of their time freely and no diredor r1Ved rernuneratn in the year in rdalion to their trustee role. The pay of the management team is revie4¥ed annually. In of the nature of the charity, the direclors have regard to a numtr of faL#cxs irKJuding the pay levels in charity shops of a similar size. Related parties and Coperation with other organisations- None of our trustees receive remuneration or other benefrt fr7 theif W)rk with Ihe tharity. Any conn8Ction a trustee and manager of the charity shop. contracted worker, or contractual relationship with an organisation listed as receivifvJ grants must be disdosed to the full board of trustees in the same way as any other contr&tuai relab'onship with a related party. Trustees, résponsibilities in relalion to the financial statement8: The company is entit to exemption frc¥n audit under s477 of the CLinpanies Act 2W6 for the year ended 31 December 2023. The mombers have not required the c(Mnpany to obtain an a11 of its financial ststements for the year ended 31 Decwnber 2023 in aCcrydan wilh s476 of the COMpanS Act 2006. The directors acknowledge their resp$1b111ties for. (a) ensuring thal the company keeps a¢AuntIng records whith (x)mply with secth)ns 386 and 387 of the Companies Act 2(M)6, and (b) preparirvJ finanaal statements which give a true and fair view of the stale of affairs of the company as at the end of 8ath fnancjal year and of its wofii or loss for each financial year. Approved by the Irustees on 9 septeMr 2024 and sned on their behalf by.. Katharine Penman - T188 Date: 9 Seplember 2024 Charity nnter. 114T361 . Company numtr. 079604gY) Pa8e= 6
Independent Examinerfs Report to the Trustees of CCR Foundation I rewrt on the accounts of the charitable (xrfnpany for the year eThJed 31 D8cemtr 2023 which are set out on pages &12. Respective responsibillties of trustees and oxaminer The Trustees {who are abso the directots of the company for Ihe purpcws of rnrnpany law) are responsible for the pParaOn of the accounts. The Iruslees consider that an audit is rsot requirthl for this year under Section 144(2) of the Charities Act {20111 (the 2011 Acl) arKI that an independent examination is needed. The charity's gross income did nol exceed £250.0(Xi and l am qualified to undertake the examinatK)n by being a Fellow memtser of the Assou'atvjn of Acc(yJntirKJ Technicians. Having satssfied myseff that the chartty is not subjecl to audil under company law and is eligible for independent examination it is my reswnsibility to= examine the accounts under sedion 145 of the 2011 Acl,. follow the prCedureS laid down in the General Directions given by the Charity Commission under section 145151{b) of the 2011 Act. arKI stsle whether particular matters have come to my attentiorL Basls of independent examineV$ report My examination was carried oul in accordance with the General Direct¢ons given by the Charity Commission. An examination indudes a review of the acix)unting records kept by the charity and a compariscm of the accounts presented wth those records. It also includes COndering any unusual items or disck)sures in the accounts and seeking explanations from you as trustees conceming any such matters. The prc¢eduS undertaken do rt provide all Ihe evidence that would be required in an audit. and consequently no opinK)n is given as to whether the accounts present a 'true and fair view and Ihe re is limited to those matters set oul in the ststement beluw. Independent examinerfs sLtmènt In connection with my examination, no matter has come to my attention: {1) which gives rne reasonable cause to bèlb8ve that in any material respect the requirements.. to keep accounting records in accordance with $tKIn 386 of the Companies Act 2006, and to prepare accounts whith accord the accwntiry re(£d$, comply with the accounting requirements of sedion 396 of the Companies Acl 2006 and Yth the meth¢>Js and prinarAes of th8 Statement of Rec(Knmended Prathce: ACC(nts.ng and ReFK)rting by Charities.. have not been met, or (2) to which, in my opinion. attenlK)n should be drawn in er to enable a proF understsnding of the accounts to be reached. Oerek Taylor-mew. Bsc. FMAAT. 123 Park Lane. Harr¢)w. Middlesex. HA2 8NN. Date.. uli12 Page.. 7
CCR Foundatlon Statement of Financial Actlvftles for year ending 31 DeceMr 2023 Total Funds 2023 Total Funds 2022 ncom Donats'ons Income from Chantable acbvrties.. Shop takings Gift Aid from shop irKcrfne 118.930 3.362 118,378 5.014 Othèr income 10,958 10.978 Total Inc¢)me 135 103 135 370 Costs of raising funds.. Propety cxjsts Salary and payroll $tS Administration costs Depreciation of fixed assets 20,CKJO 65.284 39.608 1,271 126.163 20.Crf)O 50,309 30,634 1.271 102,214 Costs ol chaiitable expenditure.. Local community support 13.840 14,056 Totsl Expendlluro 140.003 116,270 N•1 income I (expenditure) and rwt movoment in funds for the year 14,9001 19,100 Reconciliation of funds" Total funds br(yJght f(Kward 47. 28.8 Total funds carrled forward 43.000 47,900 Charity numiEr: 1147361- Crynpjny Nmb¥: 079EIM90 Page.. 8
CCR FcAmd•tlon Balan Sh••t at 31 D•c•mb•r 2023 Fund• 2023 Funds 2022 Flxèd Assèts Tangitle Assets 6.613 Total Flx•d Aswts 6.613 Current A$$Èts Gash 81 bank 37.821 42.rA6 P81ty cash VAT recobrati Sundry debtors 1.947 TO Curr•nt AM•ts 40.311 45,030 Current Uabllltl•$ Crnditots falling d¢ 1th1n w. Sundry C11it0 -3.924 -5,014 Net Curr•nt asMts 36.387 40,016 Tolal auets l•u cunI Ilab116tl•s 43.000 47,900 N•t as•t• 43.000 47.900 Th• Ivnds of thè charlty: Funds brought ftThard frcth ye Current yew { not 8>pendiiuTrl I net inc#)n 47. 19.1 Total charlty funds 43.000 47.900 pprov•J by tho trusts8s on 9th sop 2024 and sgrd on bgh4f by.. ur P*hwst- TnJsta8 Irity wmb¥: 1147361 . cmpanY number. 079604 Pa8e'. 9
¢R F•undllon For th• y••r •T¥Jknv4 31 D•r•mb•f 2023 T1• Funds Talal Fund¥ 2023 2022 C••h 9•n•w•d 4yfinp Kllvlll•s 4278 23.006 Ch Ilow• Irom Imi••tkng •etOvltl•s Purchase cl IgIbl fixd &5Eets -1.1( Cash lft In¥•n9 •thlll•• -1,105 Cash Ilows frorn flnanclnq •cll¥lll•s (Docrgawl I Illcr•a In cash Jrbd ta#h •quivthnts kn th• y••r CW k*sh qui¥alorrtS 81 the of Ihe yww 4,271 42.104 21.901 202Q3 T¢l•l u•h ¢•th •twlval•nts at th• •nd olth• y•ar J7,826 42,104 AtlJan 2023 IAtN•rn•nts Al 31 D•c 2023 37.821 Cath W bonk 42.C 41104 37& 41104 42n 376 Chartty nwnber: 1147361 . ComF4iny numbtr: 079fAM90 Page: 10
Notes on th¢ accounts Accounllng Policles The principal accountirvJ policies adopted. judgements and key Sr¢aS of estimalion uncertainty in the pparatiOn of the finanoal statements are as fdhjws: a) Basls of preparatlon The financial statements have been prepared in a(xfJrdance with Accounting and Rep(tIng by Charities.. Statement of Recommended Practtt applicable to chanties preparing their accounts in accordance with the Finanual ReFrf)rting Stsndard aFg1icable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20151- (Charities SORP (FRS 1021), and the Companies Act 2CQ6. Assets and liabih'ti8s are initially recognised at historitsl cost or transaction value unless otherwise stated in the relevant accounting FX)Iy notels). b) Reconclllatlon wlth prevlous Generalty Accepted Accountlng Practice In preparing the accounts, the trustees have Cls1Oered wthether in applying the accounting rrfjliaes required by FRS 102 and the Charities SORP FRS 102 the restatement of mparative items was required. c) Preparation of the accounts on a going concern ba$ls The charity reported net incoming resources for t1 year. The trustees are of the view that th8 overall trading during the y8ar. and the continued tential for sly tskir¥Js. are suth that the charty is a going Ccern. 1 Shop Takings The direciors are graleftjl to all those members of the public who have brought gcths for sale. Their general policy is only to sell donated 9cxxls, and VAT is chargeable on these sales. However. during 2023 dnnks aThJ sna(*s were offered fc sale, these are Standardated for VAT. Charity numtv: 1147361- ComFony numiv: 079fAM90 Page: 11
2 Flxed Assets and Depreclatlon Flx•d Ass•ts and Depr•clatl¢)n Fixed assets are being WTitten off on a Straht4 basis over 5 years. Total Cost: A8 al 1 January 2023 Iditions Disposals As at 31 December 2023 50.893 50,893 Accumulated depreciatio As at 1 January 2023 Depreciatson for the year Disposals As at 31 Decemb•r 2023 43.009 1.271 44,280 Net book value as at 31 December 2023 6,613 Net book valu• a8 al 31 0?mb•r 2022 3 R•conclllatlon of n•t mov•m•nts In funds to net cah Ilow from operntlng actlvltl•s: Totsl Fund• 2023 Total Funds 2022 Nèt Movement in fundts Id bock deprea31n tharge t)ecrease in debtors {Decre85el I Incwse in credmors Nt ¢ash l•xpènd•d by) I gènèrated from op•rattn9 actlvlll•8 4,0 1.271 441 -1,090 19.100 1.271 741 1.894 4,278 23,006 ¢Jarlty number.. 1147361 . Company number. 079fA)4) Page= 12