lior*.h WalHhJlm North Walsham Community Shop Report and Financial Statements For the year to 31 December 2024 Charity no: 1178958 Nf>rlb Community Shop Contents Page CIHfty ReferEnce and Administrati￿ Details Report of the Trustees 24 Report of the Indepernlent Examln Statement of FlrAncl21 Acthlri&s Balance Sheet Notes foming part ol the firAncial statemd rth w￿lsh#M Community Shop Reference and administration inforniation Trustees: Annte Abbs Jon Wtcce Robert Wright Veronlca Cooke Juliet Wright Shirley Jordan Katie Mayes Diana Velhagen Katie Alexandra Ellis (Appointed June 2024) l Tntstees give of their time freety and no TrUs￿e remunerdtion paid in the year. Trustees received fuel reimbursement for collettlon and trarwort of goods for the shop. Places of business: l Market PTrac& North Walsham, Norfoll NR28 9BP 16b Churth StreeL North Walstro￿ Norfoll NR28 9DA Independent Examiner: y & Co. 2a Church Stree( North Walsham, NR28 9DA Bankers: Lloyds Bank PIG Market PPdC< North Walsham, NR28 98P Report of the Trustees For the year to 31 Derembtr 2024 The Trurtee$ present thelr annual report and financtral statements of North Wa15ham Communlty Shop lor the year ended 31 December 2024. The firnrKial statements hve been prepared in accordance wlth the accountinz policies set out in note5 1 ¢0 4 to the accounts and comply viith the dmrfitys Trust Deed. the Charities Act 2011 and the Ststernnt of Recommended Prattlc& Accc4Jnfjng and ReP￿trng by pub115hed in 2015. Structur4 governance and management The Trust 15 a reglstered charlty. number 1178958. and is cOnS￿￿jted under a Trust Deed dated 27 lune 2018 amended 7 November 2019. North Waltham Communlty Shcpwas establlshed in 2017 to raise funds to support the people and town of North WalslAm and trading commerKed on 15 jan￿ary 201& It ￿Se5 funds through the sale of donated item5 and sponsorshlp by businesse The Trustees were appdnted for one y•ar after whlth they wlll put themselves lorward for re4ppolntsntnL The Trust Deed provides for a mlnimum of three Trustees. wlth all Trustees due for rmppointrnent each y•r. All Trustees give of their fjme freely and no Tnjstee remuneration was pald In the ￿. The T￿￿treS meet monthty to agree Strate￿ and to revlw and agree grants for month. The Grw Commlttee Is nyade up ofthe TnJstee& Ib5k management The Trustee5 trAYe tcmsidered the maitir ri5k5 to whleh the ch?rty Is exposed. chiefy the varlabllkiy of sales Income. The Trustees hkve revlewed those rfsks and have made allowano in the annual bjdget Tc* miiizate luture dech'ne in Irrcome or other extern￿ Impact of the Tru5t'5 vknlllty. a re5erYe fund equl¥alert to 3 month's runnlng costs (app￿ 11.800) has been estabfished, and ts induded wlthln i•n•ral re5erve& Objertive5 and activities for the p￿11¢ bwefit The objects of the Trust arn: 11 To adYan¢e such purpow as are ctrArltable Trn law for the benefrc of the resldènts of North Vlalsham and the surroundlng area by the maknng of grants to ehthdes and voluntary organi5ation$. 2) To provlde advice and guidance to reciptents of our zrants to estsblish good admSn1sts7tl¥e pracd 11.e. hnlung and property tr￿saCtIOns). The 5peafic focus lor gnnts are those tha¢ help di5athrnnraged groups In the town local area to I￿P them meet theFr need$ and participate mre lylty in socrety and to promote equalw and diver5 hdp projects and improve the public emilronment to enhance the of Ilfe for all The Trust r2rrles out these obitctives by the glvlng Of grants to groups or individuals whose needs or proSects meet these oblettNes. Achievements and wforniance 2Q4 was 3 stsccessful trading year for both of our shops. This enabled us to mÈet the wuests m3de to us a vdde ¥arlety of lool org4nlsatlons b¢hn8 SUPPOrted. Nvrt h Community Shop Reprt of the Trustees F(Y the year to 31 December 2024 {continued) Grant making policy Grants are awarded to appliGknts whose projects meet the 5tsted oblecrfves havè lulty ￿pI￿ned the scop ne¢ds and costs of these together with the beneffts the project will br￿￿ to the town or to its residents. How our grants ha¥e delivered public benefit The list below summirf5es the £37,747 ¥T3nts awarded in 2024 and the stated benellts or outcomes of th The Tntstees vislt completed projects to withess these and att¢nd fornial openlngs when In￿ted. £250Alr trtlnlng cadets for flr5t ald tralnlng equlpment £1.500 Beft￿MIn Foundatlon tr• suppor¢ Young Carers £560 Cuddles and catch up p3rent and baby group for rtew p* equipment £87180 Eplc Events promtstlon ofthe clnema £125 Epic Events towards thetr SK run In June £440 Frfends of North W￿5h￿rn Guldlnz to enable Guide5 to represent thè town £609.98 Frlends of North Wa15ham Guldinz oven and freezer £I.¢x)O Funky Feet Dance & Acrobatks for prop& costumes and equlpment £4C(l Guerrilla Drdener for plants £1396 Manor Road Sthool to purchase books for chlldren's readlng prizes £I.OIXl Millfièld Prlmary Sthool for forest school shelter £5W Norfdk Camerata towards their perfornmnces kn tawn later this year £2,038 North Norfolk Community Transport replacement ol IT equipment £1.980.1 O (of a £4680 grant) North V+lalsham Chess avb equipment to set up their aduks, du￿ £2699.90 remaining £1.600 North Walsham Childrens Day for enttrtalnmehts at next yearfs event £I.000 North WaL%ham Christmhs Lights for refvrf)Ishment and impr¢)vement of I￿ting equipment 1.700 North w￿$￿arn Community Centre to update kitchen equipment £5,000 North Walsham Community First Resp¢)nders equipment for new Tmtun¢eer& £1.900 North Walsham Funday arena act £637.9 North Walsham Good Neighb¢)urs for a laptop to be used ty their dury coordinators £478 Ntfth W21sham Herftage Group support of new intsractive herbtsg2 dts*y £1.045 North Walsham in Bloom to purchase gardening equlpment £30) North Walsham Fthoto8raphk Group diSP￿Y boards, printirg and £IJOO North Walsham Round Table sponsarshlp of Beer Festlval £l(Kl North Wa15ham Scout Group to support their ChristwrAS 8rft proiert £l.Sty) North w￿ShaM Table Tennls Club for table tennis fable £363.6 North Walsham Tovm Football Club V10 8irts team for equiprnent £5(Kl North w￿$haM Town FI)0th￿l Club for Clubhouse irnprovements £247.16 Nnctrn basis unless it is IrApproprHte to presume that the tharity wlll COT•flnue in operatlon. The Trustees art responsible for keeplng proper tccountlng records whith dp5c105e with rea50nable accurncy at any time the financial positson of the tharity and enable them to ensure that the finandal ststements conwty the Charitfies kn 2011, the Charfities (Accounts and Report) Regulaoons 2CrfJ8 and the provJ$lons of th¢ Trust Deed. They are afso responslble for safe￿ardIng th* assets of the charity and h￿ce tthng re350nabfe steps for the pre¥enti¢M and detettion of fraud and other Irrt¥ularltles. The Trustees are responsrble for the matntenance and Integrity ofthe and financral k)formation included the charitls website Leglsladon In the Unlted Klngdom governkng the preparntlon and dlssemination ol fthancial statements may differ from I￿.￿lation in other lurr5dictions. pproved bYtheTr￿steesI￿...,........................................ signed ontheirbetralfbr. MrR - Trnstee Ms A Abbs - Trustee .%r•Pth m.al￿h4ffl Community Shop Report ofth• IndBpendBnt Examinevj to th2 Trwt••s of North Walsham CWnmU￿ty Slh)p I co thechrity tswsree5 ¢Jn myexamh#tTon oftheaccounu ofthe chriiyforthepEarended 31 Deceffi 2024 whith are set ou¢ ot) py$ 6 to R•iponslblllties and bAsls of report As the Chari￿5 trilS¢ees you are rÈspon5ibl¢ for the WeP￿d¢10n ol the acc¢unts In accorthce wth the rewirement5 of the CharIt￿$ Att 2011 {'the I r•port ln r•spett Cf my exannat￿fft of the thari￿S accounts under sattlon 145 clthe Art and In carryingotsrmy exarThnatlon I haygfouowed all the applrtable Dlre(thns bythe Chwity Comrri58ion under 145(SXb) ofth¢ Att. Ir¥l*pendent •xaminerfs $tatsrn¢rt I have conyleted my eumInaUo￿ I cL¥)firn that no ￿t￿lI matters have ccthe to my aryan¢lon in connecdon with the examinatyon &¥ing me cause to berth that In any MI￿rial respe attounting records were not kept In respKt ofthe ch¥lty as rewirEd by secdon 130 elthe kn" or the accounrs do not accord with those records. I ha￿ no concerns and have corne xr05s no other matters ift connecr1￿ wAth the t¢ whith atteniity) should be drawn in thi¥ report In ¢rder to enable a woper tsnderstsndlrq of the accounts to rÈa(hed. l A 8arlow FCCA Sixty & Co 114 Tksrpe Road NoThvkh NRI IKS NoFth Valyh7m Community Shop RECEIPTS AND PAYMENTS ACCOUNTS For the year to 31 DecpJnber 2024 Unrestricted Re5tritt¢d 2024 2023 IneomiTh8 Resources DO￿a￿On$ Government Grants Shop sal ecycle sales Online sales 500 24 69.977 1.534 1.445 500 24 69.977 lJ34 1.445 1.070 373 61290 1920 Totsl Incoming Re50urces 73.480 73.WJ 65,653 Resources Expended 37.747 11950 566 1743 593 3,588 507 37,747 12,950 566 2,743 593 3,588 507 27.963 12,6(K) 549 3.774 537 Rent L￿t and heat Insurance Repatrs and renevAIs Telephone Prlntjns and StsJ¢)nery Accountshcy Mlscellaneous Expenses 427 155 1.473 2207 1,393 2,769 1,393 3,269 500 Total Res(￿rceS Expended 62,997 63.497 51269 Net Incomlng Resources IQ483 (s￿￿) 9.983 13,384 Transfers between fvnds Net Incomin8 Re50urce$ After Transfer5 10.483 {500) 9.983 13.384 Total funds br￿ forward 76.939 500 77.439 64.055 Totsl fund5 caffi¢d forward 87.422 87.412 77,439 North VaF3hatn STATEMENT OF ASSETS AND LIABILITES for the yw to 31 December 2024 2024 2023 Notes Tanzible assets 3,687 Cash at bank and in hand 83.735 73,752 Net assets 87.422 77,439 Fund Uwestricted fund5 General fijnds Restricted funds 87,422 76,939 5fAJ Total funds 87,422 77.439 The flrancial statements on rAgu 6 to 8 were approved by the Trustees on .. thelr behaif br. nd wed riknt- Trustee Ms A Abbs - Trustee .Yorlh Note5 forniing part of the financial sL*ements f(r the year to 31 December 2024 Accountln8 poli¢ies Accounting Conventlon The fmanclal statements have been prepared under the hi5toriol c05t COnven￿on and are In accordance wtth appllcable UK accountiig sondar&. Thè fina￿111 statements also CoM￿Y with the &atement of Recommended Prartice.. 'Accountlng and Reportlng by Clwitheg. publlshÈd in 2015 and the Charity¢S Act 2011. Income Income Is accounted kr on a recelpts basis. Gifts donated for resale are Induded as income when theyare sold. No amounts are Included in the fiTrancial statements for 5￿CeS donated by volunteers or for volunteer timé. Grarts, includlr¢ &Tants for the purchase of fixed assets, are reco￿lsed Sn fuu In the SOFA In the year In whlch they are recel¥ed. Expendlture pÈnditure is accounted for on a payments ba51% Fund accounting GeneTrl fijnds are unrestricted fund5 which are avdllable for use at the dlscretion of the Trustees ID frjrtherdnte ofthe generxl objectives of the charity and Ththich ha¥• not been designated for oth*r purpose& Re5trittd funds are funds which are to be used in attordance with speclfit restriction5 imposed by dono or whkh have been rdised by the thariry for particular purposes. The c05t of r￿sIng and admlnlstering such funds are charged against the speafic fvnd. Tangible Fixed Assets Tangfble flxed assets are held at CQsL The Trustees do consSder the valuitlon of the Rxed I￿sets to be lower tkn co Taxation The Charlty Is not lTrable lor asse$5ment to tsx on its results. l Grants Made 41Grants Were￿tsrded duringtheyeartotaling £37.74712023- £27.9631. all of whith were phidto chariiies d Yoluntary orxanlsations in the local areL Transactions With Trustees The Tnjstets netther receNed nor waived any remunerdtion durlng the year. Trustees recelved fud relmbursemert for collett40n and transport ofzoods lor the shokK Restricted Funds The purpose of each restslcted fund carried for4vard at the yearwertd 55 given bdow. Details Balance Income asat 01.01.24 Expenditure Balance a5at 31.1124 North Walsham Town Council Aud50 vlsual **play equlpment 500 ljjring the year the Trwtees repaid the grart to N￿th WalskAm Town Council due to thè proitct rwt being pursued.