REGISTERED COMPANY NUMBER: 02698356 (England and Wales)

REGISTERED CHARITY NUMBER: 1052059

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Derby Scrapstore Ltd

Page

Report of the Trustees

1

to

4

Independent Examiner's Report

5

Statement of Financial Activities

6

Balance Sheet

7

Notes to the Financial Statements

8

to

14

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 31 March 2026. 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

1. To strengthen understanding with local people about the enhancement and protection of our environment.

2. To encourage an appreciation and participation in creativity, crafts and repurposing for local people in Derbyshire.

3. To provide activities & resources to improve the local environment, learning opportunities and developing new skills of people in Derbyshire.

Summary of Charities Main Activities for Community Benefit

Derby Scrapstore is open to all individuals and prides itself on inclusivity of race, gender, all abilities, physical or mental needs or any other personal circumstances.

Services offered to the community were extended this year through access to recycled resources in the Craft Shop, Scrapstore and RePaint scheme and through workshops, promotions and competitions. These were available to Scrapstore members and the public.

During this year awareness of Derby Scrapstore has increased immensely through broadening and strengthening our social media presence and platform use.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Name change

We are pleased to share we changed our name in September 2025 to Derby Scrapstore (previously Play and Recycling Centre) as this better reflects what we are about, allows us to be more accurately categorised online, and helps avoid the confusion with "recycling" as the meaning of the word has very much changed in the decades since it was used in the charity name. This change has been received with warmth and positivity from our members and volunteers and has contributed to our increased profile online and in the local community.

Operational

Derby Scrapstore was proud to achieve in October 2025 a year of being completely run by volunteers (including its trustees who are all volunteers). The volunteer team have managed the services and resources offered to members and the public. We have repurposed thousands of resources destined for landfill by industry, retail and domestic alike. These were offered throughout the Scrapstore and shop offering quality, low-priced repurposed resources to the public. Our volunteers assist in preparing these resources, support visitors to the charity, and contribute in other roles in the Craft store, Scrapstore and RePaint scheme. These include roles such as meet and greet for all customers at the reception, supporting customers to help them find resources which organically creates discussion around creative plans which our volunteers engage with and support. Our volunteer programme includes people with additional needs, and we support them to develop skills, confidence and independence through their involvement in our activities.

We also have a group of talented volunteers who use their skills to offer workshops in a variety of crafts such as bag making, drawing, painting, Air-Dry clay sculpture, pebble painting, felting, badge making crochet, Indian block printing on bags, and jewellery upcycling into pictures. Feedback from participants has been extremely positive and suggestions for new workshops will be incorporated into next year's programme. We have encouraged volunteers to extend their skill sets and have given them opportunities to show-case things they have made in the craft shop area.

Communication with the public has been facilitated through a regular programme of posts on social media including Facebook, Instagram and TikTok. We have seen increased footfall, website traffic, social media engagement and membership. We use our newly strengthened and broader social media presence to share details on our workshops, creative inspiration shared with us by members using Scrapstore resources, a wide range of discounts on specific items, and information about the charity and what we do, and how people can get involved. Existing members have also encouraged people they know to become members.

Membership stands at 1120 at the end of this fiscal year.

During the year we have redistributed 1785 litres of paint, destined for landfill sites, into home projects and community building. This figure is lower than the previous year due to the paint reclaim centre selling its reclaimed paint directly to end users, plus cheap retail options for paint in supermarkets like Tesco.

As previously shared maintenance and upkeep of our building continues to be monitored due to the age & condition. We were successfully awarded a grant from The Tom Carey Fund of Foundation Derbyshire in December 2025 which will be used to replace entry and exit doors in the build which are old and a security concern, plus add heating to 2 large spaces on the first floor of the building used by volunteers where there is currently no direct heating system without using expensive plug-in heaters.

Funding

Self-generated income has continued to feature as a focus for the charity and continues to be essential this year due to the continued increased price of utilities and insurances. Daily takings saw a steady rise during the year mainly attributable to our much-expanded social media presence, almost every new customer comments they found us having seen us on social media. We received funding from the Foyle Foundation (£4,000), which was put towards the expensive utility bills, Platform Housing awarded a small general grant which we saved and used towards our Christmas event to celebrate and thank volunteers. Foundation Derbyshire also awarded us a Volunteer Fund which was to purchase warm wear for our volunteers, as the large old building does still get cold during the winter months even with new updated heating systems. This grant also supported the reimbursement of expenses for volunteers that want to support us and incur costs to do so. A small grant from DCC Neighbourhood board which was also put towards utility bills.

FINANCIAL REVIEW

Reserves policy

The trustees' reserves policy is reviewed annually by the board as part of the year-end financial review, or sooner if there is a material change in the charity's income, expenditure, or risk profile.

Reserves are defined as unrestricted general funds, excluding restricted funds, designated funds, and the net book value of fixed assets (principally the charity's freehold building, which the trustees do not intend to sell, and which is therefore not available to meet running costs).

The trustees review the charity's reserves policy annually as part of the year-end financial review. The policy aims to maintain sufficient unrestricted funds to enable the charity to continue operating in the event of unexpected financial pressures or a reduction in income.

The trustees' target for reserves comprises an operating buffer of £15,000, representing approximately nine months of core running costs, together with a contingency of £6,000-£8,000 for significant unplanned repairs to the charity's freehold building and vehicle. The overall target for reserves is therefore £21,000-£23,000.

At 31 March 2026, the charity had unrestricted funds of £164,673. After excluding the net book value of fixed assets of £108,500 and designated funds of £30,000, the trustees consider that £25,173 was available as general reserves for the purposes of the reserves policy.

This level is slightly above the trustees' target range of £21,000-£23,000 and is considered appropriate given the charity's reliance on variable grant and trading income, together with the potential for significant unplanned building and vehicle repairs. The charity has no paid staff, which also means that a significant proportion of discretionary expenditure can be reduced relatively quickly if required.

Designated funds of £30,000 have been set aside towards the future replacement of the charity's vehicle. These funds are shown separately in the Statement of Funds and are not included in general reserves for the purposes of the reserves policy.

The trustees will continue to monitor the level of reserves and, where reserves fall below or exceed the target range, will consider appropriate action in accordance with the reserves policy.

FUTURE PLANS

In response to financial pressures with huge utility cost rises continuing into 2025-6 Trustees continued to work the plan outlined in our previous report focusing 4 key areas of leadership and management, finance, premises and service to the community reflect several of the strategies and actions being employed to increase revenue and reduce costs for the charity to remain viable.

Trustees continue to control all direct day to day activities and have made significant progress in identifying areas for further cost control, process improvements, efficiency, new endeavours, projects and key changes that will strengthen the charity brand, reputation, meaning and understanding in the communities both local and further afield.

Volunteer recruitment continues as a routine activity as we are working ideas and initiatives that will require wider versatility, flexibility and strength of skills and knowledge.

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.

Trustee selection methods

A skills audit has been undertaken to discover those skills which are required by the trustee body. Efforts are made to recruit trustees who meet the skill requirement.

Risk management policy

The trustees examine the major risks that the charity faces each financial year when preparing and updating the strategic plan. The charity has developed systems to monitor and control these risks to mitigate any impact that they may have on the charity in the future.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

02698356 (England and Wales)

Registered Charity number

1052059

Registered office

6-10 Werburgh Street

Derby

DE22 3QG

Trustees

Ms C Coppola Director (resigned 28.7.2025)

CM Smith

CE Downing-Smith

RE Newton

BS Woodhouse (resigned 15.2.2026)

Company Secretary

CM Smith

Independent Examiner

Joseph Fitzpatrick ACA

Bourne & Co.

Chartered Accountants

47a Queen Street

Derby

Derbyshire

DE1 3DE

Approved by order of the board of trustees on 29 August 2026 and signed on its behalf by:

CE Downing-Smith - Trustee

Independent examiner's report to the trustees of Derby Scrapstore Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2026.

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.

Joseph Fitzpatrick ACA

Bourne & Co.

Chartered Accountants

47a Queen Street

Derby

Derbyshire

DE1 3DE

29 August 2026

2026

2025

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

3

257

-

257

272

Charitable activities

6

Grant

5,200

1,774

6,974

1,000

Other trading activities

4

42,505

-

42,505

29,789

Investment income

5

322

-

322

701

Total

48,284

1,774

50,058

31,762

EXPENDITURE ON

Raising funds

Other trading activities

7

483

-

483

443

483

-

483

443

Charitable activities

8

Derbyscrap Store Ltd

20,899

1,774

22,673

48,809

Total

21,382

1,774

23,156

49,252

NET INCOME/(EXPENDITURE)

26,902

-

26,902

(17,490

)

RECONCILIATION OF FUNDS

Total funds brought forward

137,771

1,000

138,771

156,261

TOTAL FUNDS CARRIED FORWARD

164,673

1,000

165,673

138,771

2026

2025

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

13

108,500

-

108,500

112,000

CURRENT ASSETS

Debtors

14

7,680

-

7,680

32

Cash at bank and in hand

64,880

1,000

65,880

26,739

72,560

1,000

73,560

26,771

CREDITORS

Amounts falling due within one year

15

(16,387

)

-

(16,387

)

-

NET CURRENT ASSETS

56,173

1,000

57,173

26,771

TOTAL ASSETS LESS CURRENT LIABILITIES

164,673

1,000

165,673

138,771

NET ASSETS

164,673

1,000

165,673

138,771

FUNDS

16

Unrestricted funds

164,673

137,771

Restricted funds

1,000

1,000

TOTAL FUNDS

165,673

138,771

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 29 August 2026 and were signed on its behalf by:

CE Downing-Smith - Trustee

1.	COMPANY INFORMATION

Derby Scrapstore Ltd is a company limited by guarantee not having a share capital. The company's registered office is, 6-10 Werburgh Street, Derby, DE22 3QG. At the end of the year there were 3 Trustees, each of whom, under the terms of the Memorandum and Articles of Association, had undertaken to contribute the sum not exceeding £1 in the event of a winding up of the company.

2.	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.

Apart from freehold property that is carried at market value. The principal accounting policies adopted are set out below.

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.Gifts in kind have been included at market value of gifts received and in assets acquired. No amounts are included in the financial statements for services donated by volunteers.

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. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in the support of the charitable activities.

Tangible fixed assets

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

Freehold property

-

2% on cost

Improvements to property

-

5% on cost

Motor vehicles

-

25% on cost

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.

Going concern

At the time of approving the accounts, the directors have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the accounts.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation cn be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Critical accounting estimates and judgements

In the application of the charity's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimated and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

3.	DONATIONS AND LEGACIES

2026

2025

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

£

£

£

£

Donations

257

-

257

272

4.	OTHER TRADING ACTIVITIES

2026

2025

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

£

£

£

£

Shop Income

-

-

-

117

Membership dues

15,769

-

15,769

8,136

Workshop and woodshop

147

-

147

618

Hire equipment

556

-

556

490

Recycled goods sales

23,038

-

23,038

16,378

Paint

2,944

-

2,944

3,511

Sundry

51

-

51

539

42,505

-

42,505

29,789

5.	INVESTMENT INCOME

2026

2025

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

£

£

£

£

Deposit account interest

322

-

322

701

6.	INCOME FROM CHARITABLE ACTIVITIES

2026

2025

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

£

£

£

£

DACP Ltd

-

-

-

1,000

Platform Housing

500

-

500

-

The Foyle Foundation

4,000

-

4,000

-

Foundation Derbyshire

-

1,774

1,774

-

DCC Neighbourhood Grant

700

-

700

-

5,200

1,774

6,974

1,000

7.	OTHER TRADING ACTIVITIES

2026

2025

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

£

£

£

£

Purchases

483

-

483

443

8.	CHARITABLE ACTIVITIES COSTS

2026

2025

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

£

£

£

£

Staff costs

-

-

-

12,277

Rates and refuse

811

-

811

361

Insurance

2,144

-

2,144

2,232

Light and heat

4,540

-

4,540

6,527

Telephone

652

-

652

1,273

Postage and stationery

317

-

317

287

Sundry

143

-

143

299

Staff and volunteer expenses

2,180

1,774

3,954

2,534

Vehicle expenses

1,348

-

1,348

1,236

Maintenance charges

2,734

-

2,734

17,284

Accountancy and bank charges

2,530

-

2,530

998

Deprecation

3,500

-

3,500

3,500

20,899

1,774

22,673

48,809

9.	NET INCOME/(EXPENDITURE)

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

2026

2025

£

£

Depreciation - owned assets

3,500

3,500

10.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2026 nor for the year ended 31 March 2025.

Trustees' expenses

Expenses totalling £1,864 (2025 - NIL) were reimbursed to trustees during the year ended 31 March 2026.

11.	STAFF COSTS

2026

2025

£

£

Wages and salaries

-

12,277

-

12,277

The average monthly number of employees during the year was as follows:

2026

2025

Chief Executive Officer

-

1

No employees received emoluments in excess of £60,000.

12.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

272

-

272

Charitable activities

Grant

-

1,000

1,000

Other trading activities

29,789

-

29,789

Investment income

701

-

701

Total

30,762

1,000

31,762

EXPENDITURE ON

Raising funds

Other trading activities

443

-

443

443

-

443

Charitable activities

Derbyscrap Store Ltd

31,157

17,652

48,809

Total

31,600

17,652

49,252

NET INCOME/(EXPENDITURE)

(838

)

(16,652

)

(17,490

)

RECONCILIATION OF FUNDS

Total funds brought forward

138,609

17,652

156,261

TOTAL FUNDS CARRIED FORWARD

137,771

1,000

138,771

13.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Motor

property

property

vehicles

Totals

£

£

£

£

COST

At 1 April 2025 and 31 March 2026

175,000

16,909

6,000

197,909

DEPRECIATION

At 1 April 2025

63,000

16,909

6,000

85,909

Charge for year

3,500

-

-

3,500

At 31 March 2026

66,500

16,909

6,000

89,409

NET BOOK VALUE

At 31 March 2026

108,500

-

-

108,500

At 31 March 2025

112,000

-

-

112,000

14.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

-

32

Prepayments and accrued income

7,680

-

7,680

32

15.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Deferred income

14,697

-

Accrued expenses

1,690

-

16,387

-

16.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.4.25

in funds

funds

31.3.26

£

£

£

£

Unrestricted funds

General fund

137,771

26,902

(30,000

)

134,673

Designated fund

-

-

30,000

30,000

137,771

26,902

-

164,673

Restricted funds

DACP Ltd

1,000

-

-

1,000

TOTAL FUNDS

138,771

26,902

-

165,673