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 fO￿ard
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