GAWSWORTH COMMUNITY SHOP LIMITED OPEN MEETING AND ANNUAL GENERAL MEETING SUNDAY 12 JUNE 2011

GAWSWORTH COMMUNITY SHOP LIMITED Agenda for open meeting 1.The story so far including a showing of the BBC video 2.How the business is run 3.Role of the volunteers 4.Review of the business to date 5.Question and Answers Agenda for AGM 1. Appointment of Directors of the Board 2. Resolution to remove the need for an external audit for Resolution to approve draft accounts to 31 December Resolution to remove the need for an external audit for Any Other Business

How the business is run and regulated A reminder of our legal structure Shareholders – one member one vote The Board – elected by the shareholders The Shop Manager – appointed by the Board The Shop Management Group – authorised by the Board Volunteers

How the Industrial and Provident Society is run and regulated (cont) The Industrial and Provident Society Acts The Financial Services Authority Requirement for Accounts The Tax Authorities

The role of Volunteers Essential to our daily operation from a practical and financial perspective Key to the success of the shop as a community hub Vacancies still exist – both behind the counter and behind the scenes

The accounts The accounts to 31/12/10 Total funds raised How these funds have been spent

Funds raised The village Gawsworth Parish Council John Upton Charity Events Other grants Cheshire Peaks & Plains Housing Trust Plunkett Foundation Co-operative and Community Finance (numbers rounded to nearest £1,000) £ 50,000 4,000 10,000 5,000 1,000 20, ,000

Use of funds Purchase of property and business Refurbishment and new equipment Stock Working capital, development and contingency. Approximate £ 70,000 25,000 10,000 25, ,000

Review of the business to date Trading performance for 4 months to : Turnover Gross Margin Overheads Result before tax Successes and set backs Current (April) balance sheet

Summary Profit and Loss account 5 months to 31/12/10 4 months to 30/4/11 £ £% SALES-33,880 Cost of sales-(26,257) GROSS MARGIN-7,623 GROSS MARGIN PERCENTAGE 22.5 Overheads(738)(7,374) Depreciation(430) TRADING LOSS BEFORE INTEREST(738)(181) Fund raising – gifts and events9, Industrial & Provident Society costs(450)- Set up costs(1,971)(395) Finance charges and interest9(778) PROFIT / (LOSS) FOR PERIOD6,181(1,218)

Results by month MonthsPROFIT/(LOSS) FOR PERIOD £ January - February(3,310) March - April2,092 TOTAL(1,218)

Top selling lines Percentage of cumulative turnover 1. Newspapers and magazines The Deli Confectionery and soft drinks Bread and grocery Tobacco Household goods Raw meats Cards and stationery Fruit and veg Stamps1.3 The rest

Balance sheets 31 December April 2011 £ £ Fixed Assets at Net Book Value-95,298 Current assets: Stock and debtors71514,667 Cash67,69222,945 Current liabilities(566)(7,964) Deferred income - grants(10,200)(40,446) Long term liabilities(17,757) NET ASSETS57,64166,743 Balanced by: Share capital51,46061,780 Reserves at 31 December 20106,181 Loss for period to 30 April 2011(1,218) Shareholders funds57,64166,743

Further services and costs The role of the volunteers The role of the village Challenges Future plans and the support we need

Q & A

Gawsworth Community Shop Limited Annual General Meeting RESOLUTIONS TO BE PUT BEFORE THE MEETING 1. Appointment of Directors of the Board 2. Resolution to remove the need for an external audit for Resolution to approve draft accounts to 31 December Resolution to remove the need for an external audit for 2011 Any Other Business

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