REGISTERED COMPANY NUMBER: 08909031 (England and Wales)

REGISTERED CHARITY NUMBER: 1167001

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

FOR

AUNTY RUTH'S

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

12

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 28th February 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Aunty Ruth's has been in existence for around eleven years now and has had the charity shop in Fairwater since 2017. It is located at 10 Fairwater Square, Fairwater, Cwmbran NP44 4TA. We are well established in the locality now and continuing to build on our success. The income generated has been through the sheer hard work of the volunteers within the shop and at various promotional events we have attended throughout the year.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The aims and objectives of the charity are to prevent or alleviate poverty amongst children and young people and to promote education and general well-being. We chose to give to just one charity this year in Israel in the wake of the October 7th atrocities in 2023. Many young families have been traumatized and made homeless in the Sderot region on the Gaza border. The charity we support is City of Life, There website is www.clm-israel.org

In total we have given over £3,400 which has helped to provide a day at a Water Park which has offered much relief and allowed children to be children again for a few hours. We have also contributed to the purchase of school backpacks and stationery to promote educational welfare and happiness. Our donation has also contributed to the distribution of food vouchers.

Significant activities

Aunty Ruth's wonderful volunteers this year who have joined in enthusiastically to raise money both in the shop and at the following events.

Blaenavon World Heritage Day - raising £163.45

Cwmbran Big Event - raising £648.20

Pontypool in the Park - raising £362

Boot Sale raising £24.50

We were invited to speak at the local Womens' Institute in the summer and they kindly donated £40.

Volunteers

This year 2024/25 Aunty Ruth's had 15 volunteers, of which 3 were Trustees. Our volunteers are from a wide age range, from work experience seekers upwards and really are valued as the mainstay of the charity. Without them we could not operate.

The charity shop is open Monday to Friday most weeks from 10am til 4pm. New volunteers are most welcome, just pop into the shop and speak to Jane, our Manager, or give us a call on 0800 644 6561.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

08909031 (England and Wales)

Registered Charity number

1167001

Registered office

27 Old Gloucester Street

London

WC1N 3AX

Trustees

T Awosemo N/a

M Cope (appointed 20.6.25)

P T Goddard Accounts Assistant (resigned 4.7.25)

J E Jones Support Worker

Independent Examiner

Green & Co

Accountants and Tax Advisors

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

Approved by order of the board of trustees on 26th November 2025 and signed on its behalf by:

J E Jones - Trustee

Independent examiner's report to the trustees of Aunty Ruth's ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 28th February 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Edwin Gooderham

The Institute of Chartered Accountants in England and Wales

Green & Co

Accountants and Tax Advisors

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

26th November 2025

2025

2024

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

874

318

1,192

1,034

Charitable activities

Charitable

21,461

-

21,461

23,346

Investment income

2

173

125

298

305

Total

22,508

443

22,951

24,685

EXPENDITURE ON

Charitable activities

Charitable

23,001

4,073

27,074

20,423

NET INCOME/(EXPENDITURE)

(493

)

(3,630

)

(4,123

)

4,262

Transfers between funds

9

(3,630

)

3,630

-

-

Net movement in funds

(4,123

)

-

(4,123

)

4,262

RECONCILIATION OF FUNDS

Total funds brought forward

30,942

-

30,942

26,680

TOTAL FUNDS CARRIED FORWARD

26,819

-

26,819

30,942

2025

2024

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

6

5,071

-

5,071

456

CURRENT ASSETS

Debtors

7

17,823

-

17,823

1,627

Cash at bank and in hand

8,201

-

8,201

29,334

26,024

-

26,024

30,961

CREDITORS

Amounts falling due within one year

8

(4,276

)

-

(4,276

)

(475

)

NET CURRENT ASSETS

21,748

-

21,748

30,486

TOTAL ASSETS LESS CURRENT LIABILITIES

26,819

-

26,819

30,942

NET ASSETS

26,819

-

26,819

30,942

FUNDS

9

Unrestricted funds

26,819

30,942

TOTAL FUNDS

26,819

30,942

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 26th November 2025 and were signed on its behalf by:

J E Jones - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

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.

2.	INVESTMENT INCOME

2025

2024

£

£

Interest income

298

305

3.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025

2024

£

£

Depreciation - owned assets

1,043

153

4.	TRUSTEES' REMUNERATION AND BENEFITS

No trustee received remuneration for their role as a trustee during the year (2024: £nil).

During the year, Jane Jones, a trustee, received £3,920 (2024 - £3,430) in respect of consultancy services provided to the charity. This was approved by the board and carried out in accordance with the charity's governing document.

Trustees' expenses

There were no trustees' expenses paid for the year ended 28th February 2025 nor for the year ended 29th February 2024.

5.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

fund

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

238

796

1,034

Charitable activities

Charitable

22,125

1,221

23,346

Investment income

-

305

305

Total

22,363

2,322

24,685

EXPENDITURE ON

Charitable activities

Charitable

14,692

5,731

20,423

NET INCOME/(EXPENDITURE)

7,671

(3,409

)

4,262

Transfers between funds

(3,409

)

3,409

-

Net movement in funds

4,262

-

4,262

RECONCILIATION OF FUNDS

Total funds brought forward

26,680

-

26,680

TOTAL FUNDS CARRIED FORWARD

30,942

-

30,942

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st March 2024

731

-

-

731

Additions

-

5,000

658

5,658

At 28th February 2025

731

5,000

658

6,389

DEPRECIATION

At 1st March 2024

275

-

-

275

Charge for year

114

833

96

1,043

At 28th February 2025

389

833

96

1,318

NET BOOK VALUE

At 28th February 2025

342

4,167

562

5,071

At 29th February 2024

456

-

-

456

7.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

765

458

Other debtors

17,058

585

Prepayments

-

584

17,823

1,627

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

458

475

Corporation Tax

218

-

Accruals and deferred income

3,600

-

4,276

475

9.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.3.24

in funds

funds

28.2.25

£

£

£

£

Unrestricted funds

General fund

30,942

(493

)

(3,630

)

26,819

Restricted funds

Israel Fund

-

(3,630

)

3,630

-

TOTAL FUNDS

30,942

(4,123

)

-

26,819

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

22,508

(23,001

)

(493

)

Restricted funds

Israel Fund

443

(4,073

)

(3,630

)

TOTAL FUNDS

22,951

(27,074

)

(4,123

)

Comparatives for movement in funds

Net

Transfers

movement

between

At

At 1.3.23

in funds

funds

29.2.24

£

£

£

£

Unrestricted funds

General fund

26,680

7,671

(3,409

)

30,942

Restricted funds

Israel Fund

-

(3,409

)

3,409

-

TOTAL FUNDS

26,680

4,262

-

30,942

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

22,363

(14,692

)

7,671

Restricted funds

Israel Fund

2,322

(5,731

)

(3,409

)

TOTAL FUNDS

24,685

(20,423

)

4,262

10.	RELATED PARTY DISCLOSURES

During the year ended 28 February 2025, the charity entered into transactions with trustees as follows:

Jane Jones (Trustee)

Opening loan balance at 1 March 2024: £585

Additional loan advanced during the year: £2,000

Repayments during the year: £520

Private payments added to the loan balance:

- Fuel: £399.92

- Private items: £160.43

Contributions reducing the loan balance:

- Insurance: £95.60

- DVLA payments: £150.12

- Advisory fuel rates: £680.71

Closing loan balance at 28 February 2025: £1,698.92

The loan is unsecured, interest charges on the new loan amounts to £100 with payments amounting to £20 per week.The charity purchased a vehicle during the year which is subject to private use by the trustee. A P11D benefit will arise and will be calculated and reported in due course.

11.	FRAUDULENT PAYMENTS

During the year, trustee Paul Goddard misappropriated funds totalling £15,141.35, which was the balance outstanding at the year ending 28th February 2025. Further fraudulent withdrawals of £6,941.01 were identified after the year end.

All amounts were fully repaid after the year end as follows:

- £21,939.40 on 17 July 2025

- £142.96 on 21 July 2025

The trustees have reviewed the circumstances and implemented strengthened internal controls. The matter has been reported to the relevant authorities in accordance with regulatory requirements.

12.	COMPLIANCE STATEMENT

These disclosures have been made in accordance with the Charities SORP (FRS 102) requirements for related party transactions and material items. All transactions were approved by the trustees and recorded in the charity's books.

13.	EXPLAINATION OF FUNDS

Restricted Funds - Israel Fund

Source of Income: Donations and interest income.

Purpose: These funds are restricted, meaning they can only be used for a specific purpose. In this case, they are dedicated solely to benefit the lives of children in Israel.

Unrestricted Funds

Source of Income: All other income that does not have donor-imposed restrictions.

Purpose: These funds can be used for general purposes, including operational costs or projects aimed at improving the lives of children in Israel.