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Welcome and introduction to proceedings – John McLevy, Chairman Agenda Welcome and introduction to proceedings – John McLevy, Chairman Approval of the Minutes of the AGM held on Friday 13th October 2017 Report of the Management Committee Receipt of the Accounts year ended 31st July 2018 Election of Management Committee Members Resolution to disapply the requirement to undertake a full professional audit Discussion 2 2

Welcome and introduction to proceedings Agenda – Item 1 Welcome and introduction to proceedings Approval of the Minutes of the AGM held on Friday 13th October 2017 – Trace Templeman, Committee Secretary Report of the Management Committee Receipt of the Accounts year ended 31st July 2018 Election of Management Committee Members Resolution to disapply the requirement to undertake a full professional audit Discussion 3 3

Welcome and introduction to proceedings Agenda – Item 2 Welcome and introduction to proceedings Approval of the Minutes of the AGM held on Friday 13th October 2017 Report of the Management Committee – Alun Evans, Vice-Chair Receipt of the Accounts year ended 31st July 2018 Election of Management Committee Members Resolution to disapply the requirement to undertake a full professional audit Discussion 4 4

Community Shares & Shop Purchase Total Funds raised £395,700 126 members > 40% membership Average £3,140 Shop Purchase Price £350,000 less deposit £3,282 £346,717 plus purchase fees/costs £10,674 £357,391 Remaining Share Account Cash £38,309 5 5

Welcome and introduction to proceedings Agenda – Item 3 Welcome and introduction to proceedings Approval of the Minutes of the AGM held on Friday 13th October 2017 Report of the Management Committee Receipt of the Accounts year ended 31st July 2018 – Barry Coltham, Treasurer Election of Management Committee Members Resolution to disapply the requirement to undertake a full professional audit Discussion 6 6

Year on Year sales comparison 13wk average sales %age comparison to 2017 7 7

3. Accounts for year ended 31st July 2018 Profit and Loss Account – Sales / COS Year to Jul ‘18 Jul ‘17 % Change £170,010 £135,017 £34,993 20.6% Income £168,446 Cost of Sales £128,355 Gross Profit Gross Margin (%Gross Surplus/Income) £40,091 23.8% -1.0% -5.0% +5.4% 8 8 8

3. Accounts for year ended 31st July 2018 Profit and Loss Account - Expenses Year to Jul ‘18 Jul ‘17 Main Operating Costs Bank & Card Charges 1,954 1,379 Depreciation 8,744 5,160 NB Non-cash Electricity 3,031 2,791 EPOS 782 661 Insurance 1,225 610 Now inc. Bldg Rent 5,326 11,208 Share interest 3,922 From April Shop Expenses 1,401 1,837 Telephone & Broadband 904 658 All Other Costs 3,051 1,408 Total Operating Costs 30,339 25,702 +18% 9 9 9

3 .Accounts for year ended 31st July 2018 Operating Surplus & Donations Year to Jul ‘18 Jul ‘17 Gross Surplus Operating Costs Interest Earned 40,091 (30,339) 83 34,993 (25,703) 7 Operating Surplus 9,835 9,297 Donations 100 117 Net Surplus for the Year before tax 9,735 9,180 Taxation 3,080 1,289 Net Surplus for the Year after tax £6,655 £7,891 10 10 10

3. Accounts for year ended 31st July 2018 Balance Sheet as at 31st July 2018 - Assets £ Fixed Assets Freehold Property 359,512 256 Furniture & Equipment - 5 yrs 6,053 13,282 365,565 13,538 Current Assets Newspaper Vouchers (87) Prepaid Rent 633 Refurbishment Deposit 3,200 Stock 9,063 6,849 Bank Account Share Account Undeposited funds 52,354 38,309 1,191 36,751 (1,849) Cash/Till 111 161 100,942 45,745 TOTAL ASSETS 466,507 59,283 11 11 11

3. Accounts for year ended 31st July 2018 Balance Sheet - Liabilities & Nett Assets £ Current Liabilities Corporation Tax 2,780 1,289 Accrued share interest 2,715 - VAT Liability (216) 53 5,279 1,342 NETT CURRENT ASSETS 95,665 39,249 NETT ASSETS 461,230 49,830 Long term liabilities Community Share Loan 339,060 Community Share Loan, Non int 56,640 65,530 Capital and Reserves Retained Earnings 58,265 10,166 Shares 610 404 Profit for the Year 6,654 4,560 ASSOCIATION FUNDS £65,529 £49,830 12 12 12

3. Accounts for year ended 31st July 2018 ORGANISATION DONATION No donations this year until we know what needs doing to 14 Church Road. TOTAL Vouchers for new residents, raffle prizes at events and charity donations from our loose change collections! 13 13

3. Accounts for year ended 31st July 2018 Community Share interest payment Committee propose to pay those Community Shareholders who did not waive their entitlement, 2.5% interest on their holding for the year 6th April 2018 to 5th April 2019. We aim to pay before the end of this tax year. This is in line with our prospectus and is being accrued in our accounts now. Please register your agreement by a show of hands. 14 14

Welcome and introduction to proceedings Agenda – Item 3 Welcome and introduction to proceedings Approval of the Minutes of the AGM held on Friday 13th October 2017 Report of the Management Committee Receipt of the Accounts year ended 31st July 2018 Election of Management Committee Members – Jill Evans, Assoc Secretary Resolution to disapply the requirement to undertake a full professional audit Discussion 15 15

Election of Management Committee Members Current Remain Resigned Reapplied New Applicant New Committee Alun Evans * Barry Coltham Rob Marshall John McLevy Pat McLevy Jill Evans Ruth Robison Trace Templeman Rich Templeman – co-opted Cliff Hilliker Brian Wyatt Christine Thomas There being less than 12 applications , the new committee is duly elected. 16 16

Welcome and introduction to proceedings Agenda – Item 5 Welcome and introduction to proceedings Approval of the Minutes of the AGM held on Friday 13th October 2017 Report of the Management Committee Receipt of the Accounts year ended 31st July 2018 Election of Management Committee Members Resolution to disapply the requirement to undertake a full professional audit – Barry Coltham, Treasurer Discussion 17 17

5. Resolution to disapply the requirement to undertake a full professional audit for the 2017 - 18 Accounts All UK small companies are exempt from statutory audit if: Sales are less than £6.5m per annum or net assets are less than £3.26 m or less than 50 people are employed. Your Committee’s Recommendation therefore is that:- We do not undertake a full professional audit of the 2017-18 accounts and disapply in accordance with Rule 51 of the Rules of the Association (NB. The accounts have been viewed by an accountant, but not fully audited) RESOLUTION: That shareholders vote to accept this recommendation by show of hands 18 18

Welcome and introduction to proceedings Agenda – Item 6 Welcome and introduction to proceedings Approval of the Minutes of the AGM held on Friday 13th October 2017 Report of the Management Committee Receipt of the Accounts year ended 31st July 2018 Election of Management Committee Members Resolution to disapply the requirement to undertake a full professional audit Discussion – John McLevy, Chairman 19 19

Two key topics for us..... Our Building Our team 20

Third key topic for us..... Our Building Our team Our business First 11 weeks of Financial Year comparison Customers Sales 'Basket' 2018 10,455 £35,532.87 3.40 2017 10,175 £34,565.37 3.41 % 103 103 100 21

Two key topics for us..... Our Building Our team Overall condition not as bad as.... Trees dealt with Local builders approached about Roof , gutter and chimney works..... 22

Two key topics for us..... Our Building Our team Volunteers always welcome and needed Tasks not normally 'visible'... Gardening, hedge trimming, lawn mowing Sorting newspapers Cleaning – shop, shelves... Taking cash/cheques to bank Ordering from over 25 suppliers Collecting stock from some suppliers Getting stock from supermarkets.... Monitoring best-before-dates Booking orders into computer system Maintaining accounts Odd maintenance jobs – lights, painting, repairing breakages, improving stores Scheduling volunteers (herding cats :-) 23

Two key topics for us..... Our Building Our team Volunteers always welcome and needed Tasks not normally 'visible'... Gardening, hedge trimming, lawn mowing Sorting newspapers Cleaning – shop, shelves... Taking cash/cheques to bank Ordering from over 25 suppliers Collecting stock from some suppliers Getting stock from supermarkets.... Monitoring best-before-dates Checking stock levels Booking orders into computer system Maintaining accounts Odd maintenance jobs – lights, painting, repairing breakages, improving stores Scheduling volunteers (herding cats :-) We need to have people able to step up to these tasks as backup or eventual replacements 24

10 years old in March! 25