**-** 

## **ANNUAL REPORT TO THE CHARITY COMMISSION** 

## **THE ROTARY SHOP OF PENZANCE** 

## **A CHARITABLE INCORPORATED ORGANISATION (CIO)** 

## **Registered Charity Number 1194977** 

The Rotary Shop of Penzance was formed as a CIO in June 2021. The Charity has 8 Trustees. 

For the duration of this accounting period the Trustees were: 

Robin Butler Nigel Clark Susan Home Dee Lucking David Mayo Zena Muth – Secretary John Underhill - Treasurer Russell Whitlock 

The charity does not employ anyone but has 40+ volunteers who serve in the shop, as well as assisting in the sorting, cleaning, pricing and displaying of pre-loved goods. 

The objective of the shop is the relief of the poor and needy in Penzance, in Cornwall or in any other part of the United Kingdom. 

This year the trading surplus for the year was £28,569 compared to £31,613 for the previous year. Turnover was £45,650 compared to £48,000 for 2023 whilst expenses increased slightly to £17,083. 

The Trustees award grants out of the net income of the CIO. 

The downturn in the economy and the increase in fuel and other costs has made the shop more important for those who have limited budgets. 

[Type here] 



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