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

3. 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 2010 3. Resolution to approve draft accounts to 31 December 2010 4. Resolution to remove the need for an external audit for 2011 5. Any Other Business

5. 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

6. 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

7. 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

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

9. 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 20,000 130,000

10. 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 25,000 130,000

11. Review of the business to date Trading performance for 4 months to 30.4.11: Turnover Gross Margin Overheads Result before tax Successes and set backs Current (April) balance sheet

12. 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 events9,331136 Industrial & Provident Society costs(450)- Set up costs(1,971)(395) Finance charges and interest9(778) PROFIT / (LOSS) FOR PERIOD6,181(1,218)

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

14. Top selling lines Percentage of cumulative turnover 1. Newspapers and magazines32.6 2. The Deli21.1 3. Confectionery and soft drinks13.6 4. Bread and grocery12.5 5. Tobacco9.5 6. Household goods1.9 7. Raw meats1.8 8. Cards and stationery1.8 9. Fruit and veg1.6 10. Stamps1.3 The rest2.3 100

15. Balance sheets 31 December 201030 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

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

17. Q & A

19. 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 2010 3. Resolution to approve draft accounts to 31 December 2010 4. Resolution to remove the need for an external audit for 2011 Any Other Business

20. Increase your basket size

21. YOUR fab new shop -use it or lose it!