||||TC Day|||| |---|---|---|---|---|---|---| ||||BM AS Rouse|||| ||||R Gully|||| ||||P Noctor|||| ||||T Day (appointed|9.9.21)||| ||||E M Mackenzie|(appointed||9.9.21)| |REGISTERED OFFICE|||1Mariners
Way|||| ||||Cowes|||| ||||isle ofWight|||| ||||F031BPD|||| |REGISTERED COMPANY||NUMBER|07488966 (England||and Wales)|| |REGISTERED CHARITY NUMBER|||1142010|||| |INDEPENDENT|EXAMINER||Bright Brown Umited|||| ||||Chartered
Accountants|||| ||||Exchange House|||| ||||St.Cross Lane|||| ||||Newport|||| ||||Isle ofWight|||| ||||PQ30 SBZ|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||||2021|2020| |---|---|---|---|---|---|---|---|---|---| |||||||Unrestricted|Restricted|Tota
I|Tota
I| |||||||funds|funds|funds|funds| ||||||Notes|6|f|E|6| |INCOME AND ENDOWMENTS||FROM|||||||| |Donations
and legacies||||||568|1,990|2,558|2,847| |Charitable
activities|||||||||| |Prevention
and relief of poverty|||and protection|and|||||| |preservation
ofthe|environment|||||207,776||207,776|241,979| |Men in Sheds|||||||22,163|22,163|68,211| |Other trading activities||||||2,136||2,136|1,978| |Investment
income||||||12||12|97| |Other income|||||||||2,133| |Total||||||210,492|24,153|234,645|317,245| |EXPENDITURE ON|||||||||| |Charitable
activities|||||||||| |Prevention
and relief of poverty|||and protection|and|||||| |preservation
ofthe|environment|||||200,743|947|201,690|205,243| |Men in Sheds||||||2,700|40,476|43,176|32,030| |Total||||||203,443|41,423|244,866|237,273| |NET INCOME/(EXPENDITURE)||||||7,049|(17,270)|(10,221)|79,972| |Transfers between|funds||||20|24,028|(24,028)||| |Net movement
In funds||||||31,077|(41,298)|(10,221)|79,972| |RECONCILIATION
OF FUNDS|||||||||| |Total funds brought|forward|||||415,049|69,265|484,314|404,342| |TOTAL FUNDS CARRIED FORWARD||||||446,126|27,967|474,093|484,314| ## ## ## ## ## ## ## |Freehold property|not provided| |---|---| |Improvements
to property|not provided| |Plant and machinery|2SN on cost| |Motor vehicles|2596on cost| |Computer
equipment|2SN on cost| ## ## ## ## ||DONATIONS
AN|D LEGACIES||||||||| |---|---|---|---|---|---|---|---|---|---|---| |||||||||2021|2020|| ||||||Unrestricted||Restricted|Total|Total|| ||||||funds||funds|funds|funds|| ||||||6||E|f|E|| ||Donations||||568||1,990|2,558|2,847|| |3.|OTHER TRADING|ACTIVITIES||||||||| |||||||||2021|2020|| ||||||Unrestricted||Restricted|Tota I|Total|| ||||||funds||funds|funds|funds|| ||||||6||6|6|f|| ||Sale of MIS goods||||2,136|||2,136|1,978|| |4.|INVESTMENT INCOME|||||||||| |||||||||2021|2020|| ||||||Unrestncted||Restricted|Total|Tota|I| ||||||funds||funds|funds|funds|| ||||||f||6|6|E|| ||Deposit account|interest|||12|||12|97|| ||INCOME FROM|CHARITABLE|ACTIVITIES|||||||| |||||||||2021|2020|| ||||Activity|||||6|f|| ||||Prevention|and|relief of poverty|and|protection|||| ||Sale ofdonated|goods|and preservation||ofthe environment|||161,283|155,170|| ||||Prevention|and|relief of poverty|and|protection|||| ||Gift aid||and preservation||ofthe environment|||3,021|6,092|| ||||Prevention|and|relief of poverty|and|protection|||| ||Bulky waste contract||and preservation||ofthe environment||||8,632|| ||||Prevention|and|relief of poverty|and|protection|||| ||Grants||and preservation||ofthe environment|||42,889|71,252|| ||||Prevention|and|relief of poverty|and|protection|||| ||Sl-IG admin fees||and preservation||ofthe environment|||583|833|| ||Grants||Men in Sheds|||||22,163|68,061|| ||Room and facilities hire||Men in Sheds||||||150|| |||||||||229,939|310,190|| ## ## ||||||2021f|2020
f| |---|---|---|---|---|---|---| |Men in Sheds
Power To Change
Coronavirus
lob Retention
Scheme
Retail, Hospitality
and l.eisure Grant Fund
Idckstart Scheme|||||22,163
18,824
16,500
7,565|58,061
24,998
19,254
37,000| ||||||65,052|139,313| |CHARITABLE ACTIVITIES COSTS||||||| |||||Direct|Support|| |||||Costs (see|costs (see|| |||||note 7)
E|note 8)
f|Totalsf| |Prevention
and relief of poverty|||and|||| |protection
and preservation||ofthe||||| |environment||||198,514|3,176|201,690| |Men in Sheds||||42,783|393|43,176| |||||241,297|3,569|244,866| |DIRECT COSTS OF|CHARITABLE||ACTIVITIES|||| ||||||2021|2020| ||||||F.|6| |Staff costs|||||165,117|160,073| |Hire ofplant and machinery|||||1,242|1,614| |Insurance|||||5,979|5,717| |Light, heat and water|||||4,299|4,262| |Telephone|||||1,620|1,337| |Postage and stationery|||||1,200|945| |Advertising|||||1,860|822| |Sundries|||||1,708|1,077| |Health care|||||1,572|1,502| |Motor and travel expenses|||||11,205|11,972| |Volunteers'
expenses|||||1,055|959| |Professional
fees|||||1,453|1,638| |Repairs and renewals|||||7,449|1,514| |Subscriptions|||||1,917|1,521| |Refreshments|||||1,388|1,612| |Staff training|||||625|365| |Streamline
charges|||||1,482|1,106| |Depreciation|||||15,036|19,249| |Loss on sale ofassets|||||(3,271)|(3,436)| |Interest payable
and similar||charges|||18,361|19,683| ||||||241,297|233,532| ## |SUPPORT|COST|S||| |---|---|---|---|---| |||||Governance| |||||costs| |||||6| |Prevention|and|relief of poverty|and protection|| |and preservation||ofthe environment||3,176| |Men in Sheds||||393| |||||3,569| |Governance|costs||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||2021|2020|| |||||||Prevention|||||| |||||||and|||||| |||||||relief of|||||| |||||||poverty|||||| |||||||and|||||| |||||||protection|||||| |||||||and|||||| |||||||preservation|||||| |||||||ofthe|Men|in|Total|Tota|I| |||||||environment|Sheds||activities|activities|| |||||||6|6||6|6|| |Professional|fees|||||61|||61|156|| |Independent|examiners'|fees||||1,394||176|1,570|1,980|| |Independent|examiners'|fees|for|other|serwces|1,721||217|1,938|1,605|| |||||||3,176||393|3,569|3,741|| ||||2021|2020| |---|---|---|---|---| ||||6|f| |Depreciation||-owned assets|15,036|19,249| |Hire of|plant|and machmery|1,242|1,614| |Surplus|on disposal offixed assets||(3,271)|(3,436)| ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| |||||fundsf|funds
f|funds
f| |INCOME AND ENDOWMENTS|FROM|||||| |Donations
and legacies||||557|2,290|2,S47| |Charitable
activities||||||| |Prevention
and relief of poverty||and protection|and|||| |preservation
ofthe environment||||216,981|24,998|241,979| |Men in Sheds||||10,150|58,061|68,211| |Other trading
activities||||1,978||1,978| |Investment
income||||97||97| |Otherincome||||2,133||2,133| |Total||||231,896|85,349|317,245| |EXPENDITURE ON||||||| ## |13.|COMPARATIVES
FO|R THE STAT|EMENT OF FINA|NCIAL
ACTIVITIES|- continued||| |---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Total| ||||||funds|funds|funds| ||||||6|6|f| ||Charitable
activities||||||| ||Prevention
and relief of poverty||and protection|and|||| ||preservation
ofthe|environment|||199,405|5,838|205,243| ||Men in Sheds||||2,716|29,314|32,030| ||Total||||202,121|35,152|237,273| ||NET INCOME||||29,775|50,197|79,972| ||Transfers between|funds|||8,848|(8,848)|| ||Net movement
in funds||||38,623|41,349|79,972| ||RECONCILIATION
OF FUNDS||||||| ||Total funds brought|forward|||376,426|27,916|404,342| ||TOTAL FUNDS CARRIED FORWARD||||415,049|69,265|484,314| |14.|TANGIBLE FIXEDASSETS||||||| |||||||improvements|| ||||||Freehold|to|Plant and| ||||||property|property|machinery| ||||||6|6|6| ||COST||||||| ||At 1January 2021||||514,313|13,405|24,090| ||Additions||||||1,273| ||Disposals||||||| ||At 31December 2021||||514,313|13,405|25,363| ||DEPRECIATION||||||| ||At 1January 2021|||||4,767|19,914| ||Charge for year|||||1,340|2,673| ||Eliminated
on disposal||||||| ||At 31December 2021|||||6,107|22,587| ||NET BOOK VALUE||||||| ||At 31December 2021||||514,313|7,298|2,776| ||At 31December 2020||||514,313|8,638|4,176| ## |14.|TANGIBLE FIXEDASSE|T|S|- continued|||| |---|---|---|---|---|---|---|---| ||||||Motor|Computer|| ||||||vehicles
f|equipment
f|Totals
f| ||COST||||||| ||At 1January 2021
Additions
Disposals||||47,235
16,975
(11,000)|7,107
916|606,150
19,164
(11,000)| ||At 31December 2021||||53,210|8,023|614,314| ||DEPRECIATION||||||| ||At 1January 2021
Charge for year
Eliminated
on disposal||||35,695
10,340
(11,000)|5,913
683|66,289
15,036
(11,000)| ||At 31December 2021||||35,035|6,596|70,325| ||NET BOOK VALUE||||||| ||At 31December 2021||||18,175|1,427|543,989| ||At 31December 2020||||11,540|1,194|539,861| |15.|DEBTORS:AMOUNTS|FAUJNG DUE WITHIN ONE YEAR|||||| |||||||2021|2020| |||||||f|f| ||Trade debtors|||||146|52| ||Other debtors|||||2,769|933| ||VAT|||||850|866| ||prepayments|||||8,611|7,955| |||||||12,376|9,806| |16.|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR||||| |||||||2021|2020| |||||||f|f| ||Bank loans and overdrafts|||(see note 18)||24,284|22,775| ||Social security and other|||taxes||1,916|908| ||Accrued expenses|||||2,272|1,927| |||||||28,472|25,610| ## ## ## ## ||||||2021|2020| |---|---|---|---|---|---|---| ||||||f|f| |Bank loans|(see note 18)||||218,785|242,862| |LOANS||||||| |An analysis|ofthe maturity|of|loans is given below.|||| ||||||2021|2020| ||||||f|6| |Amounts
failing due within
Bankioans||one year on demand.|||24,284|22,775| |Amounts
failing between||one|and two years:|||| |Bank loans|-1-2 years||||25,907|24,293| |Amounts
falling due between|||two and five years:|||| |Bank loans|-2-5 years||||72,218|76,192| |Amounts
falling due in more than five years;||||||| |Repayable
Bank loans|by instalments:
more 5 yr by instai||||120,660|142,377| |SECURED|DEBTS|||||| |The following
secured debts are included||||within creditors:||| ||||||2021|2020| ||||||6|f| |Bankloans|||||243,069|265,637| ## ## |MOVEMENT|IN FUNDS||||| |---|---|---|---|---|---| ||||Net|Transfers|| ||||movement|between|At| |||At 1.1.21|in funds|funds|31.12.21| |||E|6|6|| |Unrestricted|funds||||| |General fund||115,826|18,814|(14,435i|120,205| |Designated|fund (tangible fixed assets)|274,223|(11,765)|38,463|300,921| |Designated|fund (special projects)|25,000|||25,000| |||415,049|7,049|24,028|446,126| |Restricted funds|||||| |Men in Sheds||52,879|(16,323)|(8,589)|27,967| |Power To Change||16,386|(947)|(15,439)|| |||69,265|(17,270)|(24,028)|27,967| |TOTAL FUNDS||484,314|(10,221)||474,093| ## ||||Incoming|Resoui'ce's|Movement| |---|---|---|---|---|---| ||||resources|expended|in funds| ||||6|6|E| |Unrestricted
funds|||||| |General fund
Designated
fund (tangible fixed assets)|||210,492|(191,678)
(11,765)|18,814
(11,765)| |Restricted funds|||210,492|(203,443)|7,049| |Men in Sheds
Power To Change|||24,153|(40,476)
(947)|(16,323)
(947)| ||||24,153|(41,423)|(17,270)| |TOTAL FUNDS|||234,645|(244,866)|(10,221)| |Comparatives
for movement|in funds||||| ||||Net|Transfers|| ||||movement|between|At| |||At 1.1.20|in funds|funds|31.12.20| |||6|f|f|6| |Unrestricted
funds|||||| |Generalfund||91,108|45,588|(20,870)|115,826| |Designated
fund (tangible fixed assets)||260,318|(15,813)|29,718|274,223| |Designated
fund (special projects)||25,000|||25,000| |||376,426|29,775||415,049| |Restricted funds|||||| |Men in Sheds||27,916|31,037|(6,074)|52,879| |Power To Change|||19,160|(2,774)|16,386| |||27,916|50,197|(8,848)|69,265| |TOTAL FUNDS||404,342|79,972||484,314| ## |Comparative
net movemen|t
in funds, included
in the|above a|re as follo|ws:||| |---|---|---|---|---|---|---| |||||Incoming|Resources|Movement| |||||resources|expended|in funds| |||||6|f|6| |Unrestricted
funds||||||| |General fund||||231,896|(186,308)|45,588| |Designated
fund (tangible|fixed assets)||||(15,813)|(15,813)| |||||231,896|(202,121)|29,775| |Restricted funds||||||| |Men in Sheds||||60,351|(29,314)|31,037| |Power To Change||||24,998|(5,838)|19,160| |||||85,349|(35,152)|50,197| |TOTALFUNDS||||317,245|(237,273)|79,972| |A current year 12 months|and prior year 12 months|combined|position|is as follows:||| |||||Net|Transfers|| |||||movement|between|At| |||At 1.1.20||in funds|funds|31.12.21| ||||6|f|6|6| |Unrestricted
funds||||||| |General fund|||91,108|64,402|(35,305)|120,205| |Designated
fund (tangible
Designated
fund (special|fixed assets)
projects)|260,318
25,000||(27,578)|68,181|300,921
25,000| ||||376,426|36,824|32,876|446,126| |Restricted funds||||||| |Men in Sheds|||27,916|14,714|(14,663)|27,967| |Power To Change||||18,213|(18,213)|| ||||27,916|32,927|(32,876)|27,967| |TOTAL FUNDS|||404,342|69,751||474,093| ## |||Incoming|Resources|Movement| |---|---|---|---|---| |||resources|expended|in funds| |Unrestricted
funds||6|6|6| |General fund
Designated
fund (tangible fixed assets)||442,388|(377,986)
(27,578)|64,402
(27,578)| |Restricted funds||442,388|(405,564)|36,824| |Men in Sheds
Power To Change||84,504
24,998|(69,790)
(6,785)|14,714
18,213| |||109,502|(76,575)|32,927| |TOTAL FUNDS||551,890|(482,139)|69,751| |Transfers between|funds|||| ##