Charity registration number- 100830 The Wee Charity Shop Annual Report and Financial Statements for the Year Ended 31 March 2023
The Wee Charity Shop Contents (continued) Reference and Administrative Details Trustees, Report Independent Examiner's Report 3to4 Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7t010
The Wee Charity Shop Reference and Administrative Details Trustees Marian Cox Peter Barr Aine Maginn Jonathan Hall Jackie Trotman Charity Registration Number 100830 Principal Office 1 Oc Donard Street Newcastle Co. Down BT33 OAW Independent Examiner KPS Accountants Limited 50A Main Street Newcastle Co. Down BT33 OAD Page 1
The Wee Charity Shop Trustees, Report The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2023. Structure, governance and management Nature of goveming document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The annual report was approved by the trustees of the charity on 17 November 2023 and signed on its behalf by= Marian Cox Trustee PhH6. Peter Barr Trustee Page 2
The Wee Charity Shop Independent Examiner's Report to the trustees of The Wee Charity Shop I report to the trustees on my examination of the accounts of The Wee Charity Shop for the year ended 31 March 2023. Respective responsibilities of trustees and examiner As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act (Northern Ireland) 2008. It is my responsibility to-. examine the accounts under section 65 of the Charities Act (Northern Ireland} 2008., follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65{9)(bl of the Charities Act- and state whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9){b} of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items 01 disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe= 1. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (1) to {4} listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland. I have found no matters that require drawing to your attention. Page 3
The Wee Charity Shop Independent Examiner's Report to the trustees of The Wee Charity Shop (continued) F£ KPS Accountants Limited 50A Main Street Newcastle Co. Down BT33 OAD 17 November 2023 Page 4
The Wee Charity Shop Statement of Financial Activities for the Year Ended 31 March 2023 Unrestricted funds Total 2023 Nots Income and Endowments from: other trading activities Total income 89,067 89,067 89,067 89,067 Expenditure on: Raising funds Charitable activities (38,377) (24,242) (38,377) (24,242) Total expenditure (62,619) (62,619) Net income 26,448 26,448 Net movement in funds 26,448 26,448 Reconciliation of funds Total funds brought forward Total funds carried forward 8,219 8,219 34.667 Unrestricted funds 34,667 Total 2022 Note Income and Endowments from: Donations and legacies other trading activities 1.177 72,342 1.177 72,342 Total income 73.519 73,519 Expenditure on: Raising funds Charitable activities {36,400) {39,000) (36,400> (39,0001 Total expenditure (75,400) (75,4001 Net expenditure (1,8811 {1,881) Net movement in funds (1,881) {1,881} Reconciliation of funds Total funds brought forward 10,100 10,100 Total funds carried fotward 8,219 8.219 All of the charity's activities derive from continuing operations during the above periods. The funds breakdown for 2022 is shown in note 8. The notes on pages 7 to 10 form an integral part of these financial statements. Page 5
The Wee Charity Shop (Registration number.. 100830) Balance Sheet as at 31 March 2023 2023 2022 Note Fixed assets Tangible assets 859 939 Current assets Cash at bank and in hand 38,019 10,737 Creditors: Amounts falling due within one year 4,211) {3,457) Net current assets 33,808 7,280 Net assets 34,667 8,219 Funds of the charity: Unrestricted income funds Unrestricted funds 34,667 8,219 Total funds 34,667 8,219 The financial statements on pages 5 to 10 were approved by the trustees, and authorised for issue on 17 November 2023 and signed on their behalf by". Marian Cox Trustee Peter Barr Trustee The notes on pages 7 to 10 form an integral part of these financial statements. Page 6
The Wee Charity Shop Notes to the Financial Statements for the Year Ended 31 March 2023 1 Accounting policies Income and endowments All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Grants receivable Grants are recognised when the charity has an entitlement to the funds 2nd any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. Expenditure Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita. staff costs by the time spent and other costs by their usage. Government grants Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income. Taxation The charity is exempt from tax on its charitable activities. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation. less any estimated residual value, over their expected useful economic life as follows.. Asset class Fixtures and fittings Depreciation method and rate 200/0 on cost Page 7
The Wee Charity Shop Notes to the Financial Ststements for the Year Ended 31 March 2023 (continued) Fund structure Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. The financial statements have been prepared under the historical cost convention, the Charities Act (Northern Ireland) 2008 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. 2 Income from other trading activities Unrestricted funds General Total funds Trading income; Shop income from sale of donated goods and services 89,067 89,067 Total for 2023 89,067 89.067 Total for 2022 72.342 72.342 3 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses from the charity during the year. 4 Staff costs The monthly average number of persons (including senior management I leadership team) employed by the charity during the year expressed as full time equivalents was as follows.. 2023 2022 Number of employees No employee received emoluments of more than £60,000 during the year Page 8
The Wee Charity Shop Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) 5 Tangible fixed assets Furniture and equipment Total Cost At 1 April 2022 Additions 10,299 365 10,299 365 At 31 March 2023 10,664 10,664 Depreciation At 1 April 2022 Charge for the year 9,360 445 9,360 445 At 31 March 2023 9,805 9,805 Net book value At 31 March 2023 859 859 At 31 March 2022 939 939 6 Cash and cash equivalents 2023 2022 Cash on hand Cash at bank 4,328 33,691 3,472 7,265 38,019 10,737 7 Creditors: amounts falling due within one year 2023 2022 Other taxation and social security Other creditors Accruals 151 134 68 3.255 3,976 4,211 3,457 Page 9
The Wee Charity Shop Notes to the Financial Ststements for the Year Ended 31 March 2023 {continued) 8 Funds Balance at I April 2022 Incoming resources Resources expended Balance at 31 March 2023 Unrestricted funds General 8,219 89,067 (62,619) 34,667 Balance at 1 April 2021 Incoming resources Resources expended Balance at 31 March 2022 Unrestricted funds General 10,100 73,519 75.400) 8,219 9 Analysis of net funds At 1 April 2022 At 31 March 2023 Cash at bank and in hand 10,737 10,737 Net debt 10,737 10,737 10 Related party transactions There were no related party transactions in the year. Page 10
The Wee Charity Shop Detailed Statement of Financial Activities for the Year Ended 31 March 2023 Total 2023 Total 2022 Income and Endowments from: Donations and legacies (analysed below) Other trading activities {analysed below) 1,177 72,342 89,067 Total income 89,067 73,519 Expenditure on: Raising funds (analysed below) Charitsble activities (analysed below) (38,377) (24,242) {36,400) {39,000} Total expenditure 62,619) {75,400} Net income/{expenditure) 26,448 (1,881) Net movement in funds 26,448 (1,881) Reconciliation of funds Total funds brought fOard 8,219 10,100 Total funds carried forward 34,667 8,219 This page does not form part of the statutory financial statements. Page11
The Wee Charity Shop Detailed Statement of Financial Activities for the Year Ended 31 March 2023 (continued) Total 2023 Total 2022 Donations and legacies UK Government grants 1,177 1,177 other trading activities Sales of donated goods 89,067 89,067 72,342 72,342 Raising funds Rent Light, heat and power Insurance Repairs and maintenance Telephone and fax Sundry expenses Accountancy fees Depreciation of fixtures and fittings Wages and salaries Staff pensions (10,800) (1,985) {392) {160) {307) (2,475) (1,872) (444) (19,5601 (3821 (38,377) (10,800) 1661) (637) {1,073) (2,456) (1,332) {347) {18.720) {374} (36,4001 Charitable activities Charitable donations (24,242) (24,242) (39,000) {39,0001 This page does not form part of the statutory financial statements Page 12