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← Hackney Shed (CIO)

2025-08-31-accounts

Charity number: 1139394

Hackney Shed

Trustees’ annual report and financial statements

For the year ended 31[st] August 2025

Compass Accountants Venture House The Tanneries East Street Titchfield Hampshire PO14 4AR

HACKNEY SHED

Contents

Page
Legal and administrative information 1
Trustees' annual report 2 - 7
Statement of Trustees’ responsibilities 8
Independent Examiner’s Report 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12 - 16

HACKNEY SHED

Charity number 1139394
Principal address Hoxton Works Unit 3.3
128 Hoxton Street
London
N1 6SH
Trustees Lucy Foster (Chairperson)
Christopher Aldrich
Andrew Aldrich
Sarah Schofield
Pamela Shaw (resigned 20thMay 2025)
Sara Hazzard
Sheerin Aswat
Awa Mass Jagne
Daisey Van den Berg
Accountants Compass Accountants Limited
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR
Independent examiner Kerry Lawrance FCA
Bankers HSBC Bank PLC
60 Fenchurch Street
London
EC3M 4BA

Page 1

HACKNEY SHED (CIO)

Trustees’ Annual Report for the year ended 31[st] August 2025

The trustees, who are also directors of the charity, present their annual report and financial statements for the year ended 31 August 2025.

The financial statements have been prepared in accordance with the accounting policies set out on pages 12 to 13 and comply with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP FRS 102 effective 1 January 2019). The general information presented on page 2 forms part of this report.

Hackney Shed is a charitable incorporated organisation (CIO) with the registered charity number 1139394.

The income and property of the CIO shall be applied solely towards the promotion of its objects. Decisions are made by simple majority of votes cast at a meeting of the Trustees where each member has one vote, save that in the event of an equality of votes the person who chairs the meeting has a second or casting vote.

The Trustees wish to pass on their sincere thanks to the whole team, members, parents, carers, and funders for their continued support, hard work, passion, dedication and enthusiasm during the past year. The continued support of every single person and organisation has ensured that Hackney Shed can continue to successfully deliver workshops, activities and performances which clearly continues to make a real difference to so many young people.

Objects and activities for the public benefit

Hackney Shed is an inclusive young people’s performing arts company.

Hackney Shed’s purpose as set out in the objects contained in the Company’s Memorandum and Articles of Association is “To advance appreciation of and participation in the performing arts, and the social inclusion skills and community cohesion developed in creating such work, for the benefit of the public and in particular children and young people of all abilities, through education and the provision of plays, workshops and public performances and performance events primarily but not limited to the community of the London Borough of Hackney.”

Hackney Shed’s core activity is to run weekly inclusive drama, music, movement and specialist workshops for integrated groups of Disabled and non-disabled participants. Our core groups are Children’s Theatre (CT) for 7 to 11 year olds, Youth Theatre (YT) for 11 to 16 year olds, Hackney Shed Young Company (YC) for 14-19 year olds and Hackney Shed Collective (HSC) for 16 to 25 year olds. Groups are open to all but have a particular commitment to including Disabled participants. Approximately 30% of our 7-16 year olds and 80% of our 16-25 year olds are Disabled, Neuro-divergent or have some other access requirement. We work towards formal and informal performances each year placing equal emphasis on process and performance, employing our inclusive workshop techniques throughout. Hackney Shed Plus (HS+) is our branch of work that focuses on outreach, partnerships, and masterclasses. For this, we partner with local schools and community groups, to expand our reach and provide an inclusive theatre experience to young people not involved in our core weekly sessions.

Hackney Shed works with children and young people of all abilities and from all backgrounds, some of whom may require assistance with communication, mobility, behaviour or self-help skills and social development. Our work exists to complement existing education using theatrical disciplines to enhance individuals’ skill sets.

Page 2

HACKNEY SHED (CIO)

Trustees’ Annual Report for the year ended 31[st] August 2025

Public benefit

The Trustees, having regard to the Public Benefit guidance published by the Charity Commission in accordance with section 17 of the Charities Act 2011, consider that the purpose and activities of the charity as set out above and in this report satisfy the requirements of the public benefit test set out in section 4 of the same Act.

Background

Hackney Shed believes in a world in which young people of all backgrounds can come together to be creative. We are a community embedded theatre company integrating young people under 26 with and without Special Educational Needs and/or Disabilities (SEND) and those who are neurodivergent through performing arts workshops and creating performances.

Established in 2001, our inclusive practice focuses on making all our activities accessible to a broad community of young people in Hackney and the surrounding boroughs, with a particular commitment to engaging young people with SEND, those who are neurodivergent, and young people from diverse and lowincome backgrounds in Hackney.

As an inclusive company we believe that every participant has something unique to offer to the development of the shared artistic vision and development of the group. We strive to make all our activities accessible to everyone, including members with SEND. We pride ourselves on our 'no barriers' and ‘donate what you can’ policies. Many of our members do not have the opportunity to access this kind of creative theatre work any other way, either because their physical or learning needs would not be accommodated, or because of financial barriers. Hackney Shed uses a person-centred approach to remove barriers to accessing performing arts.

Our Locations and Partnerships

After 19 years working with BSix College, Hackney Shed has moved to new locations and we are now running our Children and Youth Theatre sessions at The City Academy, Hackney. We have built a strong relationship with Hoxton Hall, running several collaborations with them in the last year. We have moved our administrative function into dedicated office space at Hoxton Works, part of Hoxton Hall, and look forward to building new partnerships in our new base.

We also have good links with other groups in the local community and have obtained funding for several partnership and outreach projects, allowing us to share our ideas, ethos and methodology.

Our Work in numbers

Page 3

HACKNEY SHED (CIO)

Trustees’ Annual Report for the year ended 31[st] August 2025

Achievements During the Year

Membership

All of our core groups are regularly at capacity. Hackney Shed has continued to grow and we have waiting lists for Children’s and Youth Theatre

Impact

Across all of our regular groups we have made the following impact.

86% reported a reduction in isolation, through making and spending time with friends 92% reported an increase across our measures of positive mental health and wellbeing. 91% reported an increase in confidence both performing and sharing ideas with peers

88% reported an increase in independence via trying new things, travelling to new spaces and learning new skills

89% reported an increase in tolerance to working with people who are different than them

What our parents tell us

“You probably already know, from all your years of experience, what this means for a family like ours — with a neurodiverse member — but it’s worth saying again. It means hope for the future, excitement in the present, and joy in the memories we now have.” (Parent 2025)

Page 4

HACKNEY SHED (CIO)

Trustees’ Annual Report for the year ended 31[st] August 2025

“K had an amazing time at Hackney Shed, is more confident, communicative, and has grown significantly in so many areas” (Parent 2024)

“We feel so lucky that our daughter can be part of this amazing and creative enterprise. It’s very unique, passionate and inspiring. Thank you” (Parent 2025)

"It has been one of the best experiences of her early childhood and we're so grateful to you all" (Parent 2025)

“The inclusion work you do is committed, serious, informed, and consistent. And maybe most importantly — it works” (Parent 2025)

Staffing

During the year the group received new and continued funding streams from many sources with which we employ an experienced team, including a full time Artistic and Executive Director and part-time Strategic Programmes Manager, Creative Participation Lead, Workshop Leaders and Workshop Assistants. The majority of these staff have a long-standing relationship with the group. The staff are supported by our skilled and valuable team of voluntary workshop practitioners, helpers and supporters We have a committed pool of freelance workshop facilitators and assistants on sessional contracts as needed on a termly basis to plan, deliver and support sessions and projects. The sessions are also supported by a number of highly valued and skilled volunteers.

Volunteers and workshop assistants

We worked with 13 volunteers over the course of the year. Some of the volunteers have also been working as workshop assistants when cover is needed, especially in our outreach sessions at schools and community centres around the borough. Most of our current regular assistants started with us as volunteers. Volunteers are key to the smooth running of Hackney Shed sessions and gain valuable experience while supporting young people in our groups.

Mentor scheme

Hackney Shed offers Youth Theatre and Collective members the opportunity to take responsibility in supporting other groups. We had several Youth Theatre members taking part as artistic enablers in our Collective group. These members supported some of our participants with additional needs while on stage. We also had four of our Collective members over the age of 18 work as volunteers with our Children’s and Youth Theatre. This has been a lovely opportunity to integrate across groups, while offering valuable experience in working inclusively with young people.

Practitioner training

Volunteer and freelance staff receive regular training and briefing sessions on Hackney Shed methods and inclusive theatre arts from our senior team.

Financial review

The financial statements are set out on pages 10 to 16.

Income during the period was £175,494 (2024: £183,656), which includes grant funding of £151,675 (2024: £160,116).

Page 5

HACKNEY SHED (CIO)

Trustees’ Annual Report for the year ended 31[st] August 2025

Principal funding sources

In 2024/25 we were funded by

In 2024/25 we were funded by
Name Any funding awarded for period after 1
September 2025
The HenrySmith Charity Until July2026
Discover YoungHackney Project Funding
The Backstage Trust Project Funding
Postcode SocietyTrust Until April 2026
West HackneyParochial Charity Until December 2025
M&G Prudential Project Funding
CityBridge Trust Until April 2029
St James’ Place Charitable Foundation Until April 2026
UK Cost of LivingGrant Until May2026
East End CommunityFoundation Until Aug2026
HackneyCouncil Project Funding
Awards for All Project Funding
Tescos Groundwork Project Funding
Woodward Charitable Trust Until April 2026
The CaseyTrust Until Nov 2025
AlchemyCharitable Trust Until Aug2026

Hackney Shed has agreements in place to cover 100% of our funding costs for the coming year (2025/26). We are working on some multi-year funding as much of our multi-year funding comes to an end this year. Multi-year funding will ensure we remain financially secure in the coming years and allow staff to focus on other elements of work if the programme is funded.

Core costs include the salaried staff team who administer, oversee, and deliver sessions, carry out recruitment and outreach, and ensure compliance and best practice across all areas of Hackney Shed’s work. Core costs also include office space and other overheads such as insurance, bookkeeping and accounting. Project funding is sought for direct costs related to regularly delivered projects, show costs and small one-off projects.

Future developments

The charity expects to continue the activities outlined above in the coming year and for the foreseeable future, subject to securing further multi-year funding to cover its core activities. The group continually seeks further funding opportunities.

Reserves Policy

In line with the guidance issued by the Charity Commission, the Trustees have examined the charity’s requirements for reserves in the light of the main risks of the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity aims to be around 4-6 months of total operating expenditure at year end, whereby the operating expenditure is the costs involved in providing and administering planned projects, core costs and fundraising. The restricted reserves at 31 August 2025 were £20,425 (2024: £43,961). We have been actively building our unrestricted funds to protect against an unexpected drop in income, given increased economic and environmental uncertainty. Also, running costs are increasing in line with activity and inflation, so it is expected that the level of unrestricted reserves remaining at the end of the year will increase over time. Unrestricted reserves at 31 August 2025 were £103,455 (2024: £99,219), which is within the target range.

Page 6

HACKNEY SHED (CIO)

Trustees’ Annual Report for the year ended 31[st] August 2025

The Trustees are confident that this level of reserves would be sufficient to keep the charity operating for 4-6 months with the core level of activity in the event of a significant drop in funding.

Structure, Governance, and Management Structure of Board of Trustees

The names of the directors who served throughout the year are stated on page 2.

Hackney Shed is governed by a board of Trustees, who meet at least three times a year to discuss the charity’s activities and strategy, including performance oversight, funding, risks and risk management, policies and procedures. At the year end the board consisted of eight Trustees as listed on page 2. During the year we sadly said goodbye to Pamela Shaw. We thank her for her hard work, dedication and expertise. The board continues to benefit greatly from the broad professional experience of its trustees and their passion for inclusivity in the arts.

The Trustees seek to ensure that the needs of the group are appropriately reflected through the diversity of the Trustee body. Over the past year this has included professionals in law, finance, fundraising, marketing and PR, plus arts management backgrounds. All have an interest in the arts and inclusivity. All Trustees give their time voluntarily and received no remuneration or benefits from the charity.

Recruitment, appointment and training of the Trustees

New members of the Trustee board will be selected and appointed by existing Trustees after a recruitment and selection process. New Trustees are provided with guidance on best practice in charity governance; information about Hackney Shed; and guidance as to their responsibilities from existing Trustees and the management team.

All Trustees are familiar with the practical work of the charity, and some have volunteered or continue to volunteer at the sessions. Trustees are strongly encouraged to attend sessions to review processes frequently and attend performances.

Risk management

The Trustees have considered the major risks to which the charity is exposed and have reviewed those risks and have established procedures and systems to manage those risks.

Page 7

HACKNEY SHED (CIO)

Trustees’ Annual Report for the year ended 31[st] August 2025

Trustees’ responsibilities in relation to the financial statements

The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping accounting records that disclose with reasonable accuracy the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees and signed on its behalf by

…………………………………………………………….. | Lucy Foster On behalf of the Board of Trustees

……………………………………………………………..

Date: 26.03.26

Page 8

HACKNEY SHED (CIO)

Independent Examiner’s Report to the Trustees of Hackney Shed

I report to the charity trustees on my examination of the accounts of the company for the year ended 31[st] August 2025 which are set out on pages 10 to 16.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

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

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

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

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

….………………………..

Kerry Lawrance FCA

Date: 31st March 2026

Compass Accountants Limited Venture House, The Tanneries East Street, Titchfield, Hants. PO14 4AR

Page 9

HACKNEY SHED (CIO) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025

Unrestricted Restricted
2025
Funds
Funds
Total
Notes
£
£
£
Income
Donations and Legacies
2
28,289
-
28,289
Charitable activities
3
11,844
132,225
144,069
Other
3,136
-
3,136
Total Income
43,269
132,225
175,494
Expenditure
Charitable activities
4
39,757
155,037
194,794
Total expenditure
39,757
155,037
194,794
Net income/expenditure
3,512
(22,812)
(19,300)
Transfers between funds
724
(724)
-
Net movement in funds
4,236
(23,536)
(19,300)
Reconciliation of funds:
Total funds brought forward
99,219
43,961
143,180
Total funds carried forward
13
103,455
20,425
123,880		 Unrestricted
Restricted
2024
Funds
Funds
Total
£
£
£
28,983
-
28,983
6,850
145,116
151,966
2,707
-
2,707
38,540
145,116
183,656
12,534
151,183
163,717
12,534
151,183
163,717
26,006
(6,067)
19,939
-
-
-
26,006
(6,067)
19,939
73,213
50,028
123,241
99,219
43,961
143,180

All transactions are derived from continuing activities.

All recognised gains and losses are included in the Statement of Financial Activities

The notes on pages 12 to 16 form an integral part of these financial statements

Page 10

HACKNEY SHED (CIO) BALANCE SHEET - COMPANY REGISTRATION NUMBER 1139394 AS AT 31 AUGUST 2025

2025 2024
Notes £ £
Fixed Assets
Tangible Assets 8 290 341
Current Assets
Debtors 9 2,794 2,804
Cash at bank and in hand 206,379 198,954
209,173 201,758
Creditors: amounts falling due within one year 10 85,583 58,919
Net Current Assets 123,590 142,839
Net Assets £ 123,880
£		 £ 143,180
£
Funds
Unrestricted Funds 12 103,455 99,219
Restricted Funds 12 20,425 43,961
£ 123,880
£		 £ 143,180
£

The financial statements were approved by the Board on and signed on its behalf by:

Andrew Aldrich On behalf of the Board of Trustees

Date: 26 March 2026

The notes on pages 12 to 16 form an integral part of these financial statements

Page 11

HACKNEY SHED (CIO) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting Policies

1.1 Charity information

Hackney Shed is a charitable incorporated organisation (CIO) incorporated in England and Wales. The registered office address is Hoxton Works Unit 3.3, 128 Hoxton Street, London, N1 6SH.

1.2 Basis of preparation of financial statements

The financial statements have been prepared in accordance with 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 (SORP FRS 102) and the Charities Act 2011. The particular accounting policies adopted are described below.

The charity constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.

1.3 Accounting convention

The financial statements are prepared under the historical cost convention.

1.4 Cash flow

The financial statements do not include a cash flow statement because the charity, as a small reporting entity, is exempt from the requirement to prepare such a statement under FRS 102.

1.5 Income All income is recognised in the statement of financial activities when Hackney Shed has entitlement to the income, it is probable that the income will be received and the amount of the income can be measured reliably.

Donations in kind reflect the estimated value of premises made available to Hackney Shed, based on the price the Charity would pay in the open market for access to equivalent space.

All donations are recognised when the Charity has entitlement to the income.

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 or SORP FRS 102.

1.6 Expenditure and liabilities Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to the expenditure and it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accrual basis, and is inclusive of irrecoverable VAT.

1.7 Financial instruments

The Charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 SORP FRS 102.

Page 12

HACKNEY SHED (CIO) NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting Policies (continued)

1.8 Tangible Fixed Assets and Depreciation

Fixed assets transferred from the former unincorporated charity are recognised at their depreciated replacement cost, as the best available estimate of their value to the Charity.

Subsequently they are stated at cost, less any subsequent accumulated depreciation and accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Music and audio equipment - 15% reducing balance Office equipment - 15% reducing balance Computer equipment - 33% straight line method

1.8 Funds

Funds that can be applied for particular purposes within the Charity's Objects are restricted for the use in those activities only. All other funds received are considered unrestricted funds for general purpose of the Charity.

1.9 Allocation of costs

Costs are allocated to the relevant funds if directly attributable, or otherwise apportioned on a reasonable and consistent basis. All staff time relates to charitable activities and support costs are allocated in line with this, 100% to charitable activities.

Page 13

HACKNEY SHED (CIO) NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025

2 Donations and Legacies

Donations
"In Kind" Donations
Grants		 Unrestricted Restricted
2025
£
£
£
8,189
-
8,189
5,100
-
5,100
15,000
-
15,000
28,289
-
28,289		 Unrestricted Restricted
2024
£
£
£
7,533
-
7,533
6,450
-
6,450
15,000
-
15,000
28,983
-
28,983

Unrestricted grant income in both 2025 and 2024 relates to a Cost of Living grant from UK Youth.

3 Income received from charitable activities

Unrestricted Restricted
2025
£
£
£
Voluntary subscriptions
4,599
-
4,599
Outreach fees
2,639
-
2,639
Grants
4,450
132,225
136,675
Voluntary ticket donations
156
-
156
11,844
132,225
144,069
Expenditure on charitable activities
Unrestricted Restricted
2025
£
£
£
Advertising and promotion
637
429
1,066
Staff costs (note 5)
31,034
133,334
164,368
Training
441
662
1,103
Venue rental
6,481
10,482
16,963
Props, costumes and session
material
1,444
3,679
5,123
Insurance
-
845
845
Support costs (note 6)
220
420
640
Governance costs (note 7)
(1,053)
3,878
2,825
Other costs
553
1,308
1,861
39,757
155,037
194,794		 Unrestricted Restricted
2024
£
£
£
4,938
-
4,938
1,430
-
1,430
-
145,116
145,116
482
-
482
6,850
145,116
151,966
Unrestricted Restricted
2024
£
£
£
-
-
-
4,955
128,841
133,796
400
555
955
6,520
9,004
15,524
1,092
2,545
3,637
-
784
784
60
495
555
-
4,980
4,980
(493)
3,979
3,486
12,534
151,183
163,717

4 Expenditure on charitable activities

5 Payroll and staffing

Payroll and staffing
2025
£
Wages and salaries 69,476
Employer's pension contributions 2,759
Other freelance staff 92,133
(note 4) 164,368
Staff numbers 2025 2024
Average number of staff employed, excluding freelance staff. 3 3

There were no employees whose total employee benefits for the reporting period exceeded £60,000 (2024: Nil)

No Trustees received remuneration for their services (2024: Nil). No Trustees were reimbursed for expenses (2024: Nil)

6 Support Costs

Postage, Printing and stationary
Depreciation
Communication and IT
Bank Charges
(note 4)		 Unrestricted Restricted
2025
£
£
£
169
64
233
51
-
51
-
296
296
-
60
60
220
420
640		 Unrestricted Restricted
2024
£
£
£
-
316
316
60
-
60
-
119
119
-
60
60
60
495
555

Page 14

HACKNEY SHED (CIO) NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025

7
Governance Costs
Independent examination
(note 4)		 Unrestricted Restricted
2025
£
£
£
(1,053)
3,878
2,825
(1,053)
3,878
2,825		 Unrestricted Restricted
2024
£
£
£
-
4,980
4,980
-
4,980
4,980

The credit to governance costs in unrestricted funds relates to the accrual and reversal of amounts accrued for in unrestricted funds but historically paid from restricted funds.

8 Tangible fixed assets

Computer
Music & Audio
Office
Equipment
Equipment Equipment
Cost
£
£
£
At 1 September 2024
2,111
1,708
538
At 31 August 2025
2,111
1,708
538
Depreciation
At 1 September 2024
2,111
1,515
390
Charge for the year
-
28
23
At 31 August 2025
2,111
1,543
413
Net book values
At 31 August 2025
-
165
125
At 31 August 2024
-
193
148
9
Debtors
2025
£
Prepayments
55
Accrued income
2,739
2,794
10
Creditors: amounts falling due within one year
2025
£
Accruals
2,501
Deferred grant income
83,082
85,583		 Computer
Music & Audio
Office
Equipment
Equipment Equipment
Cost
£
£
£
At 1 September 2024
2,111
1,708
538
At 31 August 2025
2,111
1,708
538
Depreciation
At 1 September 2024
2,111
1,515
390
Charge for the year
-
28
23
At 31 August 2025
2,111
1,543
413
Net book values
At 31 August 2025
-
165
125
At 31 August 2024
-
193
148
9
Debtors
2025
£
Prepayments
55
Accrued income
2,739
2,794
10
Creditors: amounts falling due within one year
2025
£
Accruals
2,501
Deferred grant income
83,082
85,583		 Computer
Music & Audio
Office
Equipment
Equipment Equipment
Cost
£
£
£
At 1 September 2024
2,111
1,708
538
At 31 August 2025
2,111
1,708
538
Depreciation
At 1 September 2024
2,111
1,515
390
Charge for the year
-
28
23
At 31 August 2025
2,111
1,543
413
Net book values
At 31 August 2025
-
165
125
At 31 August 2024
-
193
148
9
Debtors
2025
£
Prepayments
55
Accrued income
2,739
2,794
10
Creditors: amounts falling due within one year
2025
£
Accruals
2,501
Deferred grant income
83,082
85,583

Total

£
4,357
2,111 1,708
538		 4,357
2,111
-		 1,515
390
28
23		 4,016
51
2,111 1,543
413		 4,067
- 165
125		 290
- 193
148		 341
2025
£
55
2,739
2,794
2025
£
2,501
83,082
85,583		 2024
£
66
2,738
2,804
2024
£
6,997
51,922
58,919

11 Taxation

As a charity, Hackney Shed is exempt from tax on income and gains to the extent these are applied to its charitable objects.

Page 15

HACKNEY SHED (CIO) NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025

12 Movement on funds in the year

Total unrestricted
Restricted
City Bridge Trust
East End Community Fund
Hackney Council Main Grant
Henry Smith
St James Place
West Hackney
Awards For All
Other restricted funds
Total restricted		 1 September
Transfers
31 August
2024
Income
Expenditure
between funds
2025
£
£
£
£
£
99,219
43,269
(39,757)
724
103,455
10,787
27,141
(25,877)
-
12,051
1,160
10,037
(8,572)
-
2,625
-
15,944
(13,928)
-
2,016
2,820
27,800
(31,966)
-
(1,346)
10,729
-
(9,763)
-
966
8,353
12,786
(19,186)
-
1,953
677
17,165
(16,662)
-
1,180
9,435
21,352
(29,083)
(724)
980
43,961
132,225
(155,037)
(724)
20,425
143,180
175,494
(194,794)
-
123,880

Income and restricted reserves shown above excludes income received but deferred until performance conditions are met which is held in deferred income at the year end.

13 Analysis of net assets between funds

Fund balances at 31 August 2025 as represented by:
Unrestricted
Restricted
Fund balances at 31 August 2024 as represented by:
Unrestricted
Restricted		 Fixed
Net Current
Net
Assets
Assets
Assets
£
£
£
290
103,165
103,455
-
20,425
20,425
290
123,590
123,880
Fixed
Net Current
Net
Assets
Assets
Assets
£
£
£
341
98,878
99,219
-
43,961
43,961
341
142,839
143,180

Page 16