E-Sign ID: ff45dc27-d111-4c0b-a60e-86f9e7b4906f
Charity registration number: 100830
The Wee Charity Shop
Annual Report and Financial Statements
for the Year Ended 31 March 2024
E-Sign ID: ff45dc27-d111-4c0b-a60e-86f9e7b4906f
The Wee Charity Shop
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 |
| Independent Examiner's Report | 3 to 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 10 |
E-Sign ID: ff45dc27-d111-4c0b-a60e-86f9e7b4906f
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 10c Donard Street Newcastle Co. Down BT33 0AW Independent Examiner KPS Accountants Limited 50A Main Street Newcastle Co. Down BT33 0AD
Page 1
E-Sign ID: ff45dc27-d111-4c0b-a60e-86f9e7b4906f
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 2024.
Structure, governance and management
Nature of governing 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 13 February 2025 and signed on its behalf by:
M Cox 13/Feb/2025 13:21:32
......................................... Marian Cox Trustee
P H Barr 13/Feb/2025 14:22:41
Peter H Barr
......................................... Peter Barr Trustee
Page 2
E-Sign ID: ff45dc27-d111-4c0b-a60e-86f9e7b4906f
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 2024.
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;
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follow the procedures laid down in the general Directions given by the Charity Commission for Northern
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Ireland under section 65(9)(b) of the Charities Act; and
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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 or 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:
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That accounting records were not kept in accordance with section 63 of the Charities Act
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That the accounts do not accord with those accounting records
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That the accounts do not comply with the accounting requirements of the Charities Act
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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
E-Sign ID: ff45dc27-d111-4c0b-a60e-86f9e7b4906f
The Wee Charity Shop
Independent Examiner's Report to the trustees of The Wee Charity Shop (continued)
N Toner 13/Feb/2025 13:16:49
Nicole Toner
...................................... Nicole Toner ACCA KPS Accountants Limited 50A Main Street Newcastle Co. Down BT33 0AD
13 February 2025
Page 4
E-Sign ID: ff45dc27-d111-4c0b-a60e-86f9e7b4906f
The Wee Charity Shop
Statement of Financial Activities for the Year Ended 31 March 2024
| Unrestricted | Total | ||||
|---|---|---|---|---|---|
| funds | 2024 | ||||
| Note | £ | £ | |||
| Income and Endowments from: | |||||
| Other trading activities | 103,152 | 103,152 | |||
| Total income | 103,152 | 103,152 | |||
| Expenditure on: | |||||
| Raising funds | (48,021) | (48,021) | |||
| Charitable activities | (50,082) | (50,082) | |||
| Total expenditure | (98,103) | (98,103) | |||
| Net income | 5,049 | 5,049 | |||
| Net movement in funds | 5,049 | 5,049 | |||
| Reconciliation of funds | |||||
| Total funds brought forward | 34,667 | 34,667 | |||
| Total funds carried forward | 8 | 39,716 | 39,716 | ||
| Unrestricted | Total | ||||
| funds | 2023 | ||||
| Note | £ | £ | |||
| Income and Endowments from: | |||||
| Other trading activities | 89,067 | 89,067 | |||
| Total income | 89,067 | 89,067 | |||
| Expenditure on: | |||||
| Raising funds | (38,377) | (38,377) | |||
| Charitable activities | (24,242) | (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 | 8,219 | 8,219 | |||
| Total funds carried forward | 8 | 34,667 | 34,667 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 8.
The notes on pages 7 to 10 form an integral part of these financial statements. Page 5
E-Sign ID: ff45dc27-d111-4c0b-a60e-86f9e7b4906f
The Wee Charity Shop
(Registration number: 100830) Balance Sheet as at 31 March 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | 5 | 814 | 859 | ||
| Current assets | |||||
| Cash at bank and in hand | 6 | 43,502 | 38,019 | ||
| Creditors: Amounts falling due within one year | 7 | (4,600) | (4,211) | ||
| Net current assets | 38,902 | 33,808 | |||
| Net assets | 39,716 | 34,667 | |||
| Funds of the charity: | |||||
| Unrestricted income funds | |||||
| Unrestricted funds | 39,716 | 34,667 | |||
| Total funds | 8 | 39,716 | 34,667 |
The financial statements on pages 5 to 10 were approved by the trustees, and authorised for issue on 13 February 2025 and signed on their behalf by:
M Cox 13/Feb/2025 13:21:32
......................................... Marian Cox Trustee
P H Barr 13/Feb/2025 14:22:41
Peter H Barr
......................................... Peter Barr Trustee
The notes on pages 7 to 10 form an integral part of these financial statements. Page 6
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The Wee Charity Shop
Notes to the Financial Statements for the Year Ended 31 March 2024
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.
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.
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 Depreciation method and rate Fixtures and fittings 20% on cost
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.
Page 7
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The Wee Charity Shop
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
2 Income from other trading activities
| 2 Income from other trading activities |
||||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total | |||
| General | funds | |||
| £ | £ | |||
| Trading income; | ||||
| Shop income from sale of donated goods and services | 103,152 | 103,152 | ||
| Total for 2024 | 103,152 | 103,152 | ||
| Total for 2023 | 89,067 | 89,067 |
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 / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
| 2024 | 2023 | ||||||
|---|---|---|---|---|---|---|---|
| No | No | ||||||
| Number | of | employees | 2 | 2 |
No employee received emoluments of more than £60,000 during the year
Page 8
E-Sign ID: ff45dc27-d111-4c0b-a60e-86f9e7b4906f
The Wee Charity Shop
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
5 Tangible fixed assets
| 5 Tangible fixed assets |
||||||||
|---|---|---|---|---|---|---|---|---|
| Furniture and | ||||||||
| equipment | Total | |||||||
| £ | £ | |||||||
| Cost | ||||||||
| At 1 April 2023 | 10,664 | 10,664 | ||||||
| Additions | 384 | 384 | ||||||
| At 31 March 2024 | 11,048 | 11,048 | ||||||
| Depreciation | ||||||||
| At 1 April 2023 | 9,805 | 9,805 | ||||||
| Charge for the year | 429 | 429 | ||||||
| At 31 March 2024 | 10,234 | 10,234 | ||||||
| Net book value | ||||||||
| At 31 March 2024 | 814 | 814 | ||||||
| At 31 March 2023 | 859 | 859 | ||||||
| 6 Cash and cash equivalents |
||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Cash on hand | 6,060 | 4,328 | ||||||
| Cash at bank | 37,442 | 33,691 | ||||||
| 43,502 | 38,019 | |||||||
| 7 Creditors: amounts falling due within one year |
||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Other taxation and social security | 142 | 151 | ||||||
| Other creditors | 83 | 84 | ||||||
| Accruals | 4,375 | 3,976 | ||||||
| 4,600 | 4,211 |
Page 9
E-Sign ID: ff45dc27-d111-4c0b-a60e-86f9e7b4906f
The Wee Charity Shop
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
8 Funds
| 8 Funds |
|||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | Incoming | Resources | Balance at 31 | ||||
| April 2023 | resources | expended | March 2024 | ||||
| £ | £ | £ | £ | ||||
| Unrestricted funds | |||||||
| General | 34,667 | 103,152 | (98,103) | 39,716 | |||
| Balance at 1 | Incoming | Resources | Balance at 31 | ||||
| April 2022 | resources | expended | March 2023 | ||||
| £ | £ | £ | £ | ||||
| Unrestricted funds | |||||||
| General | 8,219 | 89,067 | (62,619) | 34,667 | |||
| 9 Analysis of net funds |
|||||||
| At 1 April | At 31 March | ||||||
| 2023 | 2024 | ||||||
| £ | £ | ||||||
| Cash at bank and in hand | 38,019 | 38,019 | |||||
| Net debt | 38,019 | 38,019 |
10 Related party transactions
During the year the charity made the following related party transactions:
Moneydarragh Community Hub Limited
(Mrs Cox. is a Trustee on charities.)
A donation of £2,000 had been made from The Wee Charity Shop to Moneydarragh Community Hub Limited in this period.. At the balance sheet date the amount due to/from Moneydarragh Community Hub Limited was £Nil (2023 - £Nil).
There were no related party transactions in the year.
Page 10
E-Sign ID: ff45dc27-d111-4c0b-a60e-86f9e7b4906f
The Wee Charity Shop
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| Total | Total | |||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Income and Endowments from: | ||||
| Other trading activities (analysed below) | 103,152 | 89,067 | ||
| Total income | 103,152 | 89,067 | ||
| Expenditure on: | ||||
| Raising funds (analysed below) | (48,021) | (38,377) | ||
| Charitable activities (analysed below) | (50,082) | (24,242) | ||
| Total expenditure | (98,103) | (62,619) | ||
| Net income | 5,049 | 26,448 | ||
| Net movement in funds | 5,049 | 26,448 | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 34,667 | 8,219 | ||
| Total funds carried forward | 39,716 | 34,667 |
This page does not form part of the statutory financial statements. Page 11
E-Sign ID: ff45dc27-d111-4c0b-a60e-86f9e7b4906f
The Wee Charity Shop
Detailed Statement of Financial Activities for the Year Ended 31 March 2024 (continued)
| (continued) | ||||
|---|---|---|---|---|
| Total | Total | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Other trading activities | ||||
| Sales of donated goods | 103,152 | 89,067 | ||
| 103,152 | 89,067 | |||
| Raising funds | ||||
| Rent | (10,800) | (10,800) | ||
| Light, heat and power | (2,997) | (1,985) | ||
| Insurance | (776) | (392) | ||
| Repairs and maintenance | (72) | (160) | ||
| Telephone and fax | (461) | (307) | ||
| Sundry expenses | (5,072) | (2,475) | ||
| Advertising | (250) | - | ||
| Accountancy fees | (1,800) | (1,872) | ||
| Bank charges | (30) | - | ||
| Depreciation of fixtures and fittings | (429) | (444) | ||
| Wages and salaries | (24,960) | (19,560) | ||
| Staff pensions | (374) | (382) | ||
| (48,021) | (38,377) | |||
| Charitable activities | ||||
| Charitable donations | (50,082) | (24,242) | ||
| (50,082) | (24,242) |
This page does not form part of the statutory financial statements. Page 12
This Document has been Signed with a secure electronic signature via E-Sign.
Envelope Details
| Title | The Wee Charity Shop 31.03.24 |
|---|---|
| Author | Nicole Toner (ntoner@kpsca.co.uk) |
| Envelope Created on | Thu, 13 Feb 2025 13:16:38 |
| Envelope ID | ff45dc27-d111-4c0b-a60e-86f9e7b4906f |
Document Details
| Title | Accounts_for_Signing_31.03.24.pdf.pdf |
|---|---|
| Digital Fingerprint | 3d56cda8-c03b-4883-95e0-83689a2ac3da |
Document Signers Scan/Click the QR Code to view signature information
| Name | Peter Barr |
|---|---|
| barr216@btinternet.com | |
| Status | SIGNEDat Thu, 13 Feb 2025 14:22:41 GMT(+0000) |
| Signature Fingerprint | 2b486836-942c-49be-94ff-02b4fe8c0635 |
| Name | Nicole Toner |
| ntoner@kpsca.co.uk | |
| Status | SIGNEDat Thu, 13 Feb 2025 13:16:49 GMT(+0000) |
| Signature Fingerprint | 6a23b1fd-362b-44ca-9938-20a3c4b6ffe1 |
| Name | Marian Cox |
| maryrmcox@gmail.com | |
| Status | SIGNEDat Thu, 13 Feb 2025 13:21:32 GMT(+0000) |
| Signature Fingerprint | 13edb97b-fd3e-4a4d-a73e-95b652b6ade2 |
Document History
| Thu, | 13 | Feb | 2025 | 14:22:41 | Peter BarrSigned the Document (IP: 90.198.228.171) |
|---|---|---|---|---|---|
| Thu, | 13 | Feb | 2025 | 13:21:32 | Marian CoxSigned the Document (IP: 149.50.161.196) |
| Thu, | 13 | Feb | 2025 | 13:16:49 | Nicole TonerSigned the Document (IP: 151.2.214.200) |
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