2022-12-31-accounts - Storeroom 2010

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					2022	2021
			Unrestricted	Restricted	Total	Tota!
			funds	funds	funds	funds
			f			f
INCOME AND ENDOWMENTS	FROM
Donations and legacies			1,022	2,645	3,667	2,558
Charitable activities
Prevention and relief ofpoverty	anc! protection
and preservation ofthe environment Men in Sheds			253,141	50,807	253,141 50,807	207,776 22,163
Other trading activities Investment income			2,489 289		2,489 289	2,136 12
Total			256,941	53,452	310,393	234,645
EXPENDITURE ON
Charitable activities
Prevention and relief of poverty	and protection
and preservation ofthe environment			225,495		225,495	201,690
Men in Sheds			4,174	38,149	42,323	43,176
Total			229,669	38,149	267,818	244,866
NET INCOME/(EXPENDITURE) Transfers between funds		20	27,272 20,139	15,303 (20,139)	42,575	(10,221)
Net movement in funds			47,411	(4,836)	42,575	(10,221)
RECONCILIATION OF FUNDS
Total funds brought forward			446,126	27,967	474,093	484,314
TOTAL FUNDS CARRIED FORWARD			493,537	23,131	516,668	474,093

	DONATIONS AND lEGACIES
				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Donations	1,022	2,645	E 3,667	E 2,558
3.	OTHER TRADING ACTIVITIES
				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	fiends	funds
	Sale of MlS goods	2,489	f	2,489	f 2,136
4.	INVESTMENT INCOME
				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		E	E	f	E
	Deposit account interest	289		289	12

	INCOMEFROMC	HARITAB	LE	ACTIVITIES
									2022	2021
				Activity					E
				Prevention	and relief of poverty		and
	Sale ofdonated goods			protection environment	and preservation	ofthe			250,012	161,283
				Prevention	and relief ofpoverty		and
	Gift aid			protection ancl preservation environment		of	the		3,129	3,021
				Prevention	and relief of poverty		and
	Grants			protection and preservation environment		of	the			42,889
				Prevention	and relief of poverty		and
	SHG admin fees Grants			protection and preservation environment Men in Sheds		of	the		50,807	583 22,163
									303,948	229,939
	Grants received,	included	in	the above, are	as follows:				2022	2021
									E	E
	Men in Sheds Coronavirus Job Retail, Hospitality Kickstart Scheme	Retention Scheme and Leisure Grant Fund								12,163 18,824 16,500 7,565
	National Lottery Garfield Weston	Reaching Communities Foundation							48,557	10,000
	Isle of Wight Council Mental Wellbeing Funding Newport 8 Carisbrooke Community Council								2,000 250
									50,807	65,052
6.	CHARITABLE ACTIVITIES		COSTS
								Direct	Support
								Costs (see	costs (see
								note 7)	note 8)	Totals f
	Prevention and	relief of	poverty and
	protection and preservation environment			ofthe				222,538	2,957	225,495
	Men in Sheds							41,673	650	42,323
								264,211	3,607	267,818

DIRECT COSTS OF CHARITA	BLE ACTIVITIES
		2022	2021
Staff costs Hire ofplant and machinery Insurance Light, heat and water Telephone Postage and stationery Advertising Sundries Health care IVlotor and travel expenses Volunteers' expenses Professional fees Repairs and renewals Subscriptions Refreshments Staff training		f 177,232 1,794 6,455 5,937 1,440 1,102 2,726 1,277 2,324 14,598 1,297 362 1,193 2,131 2,407 947	165,117 1,242 5,979 4,299 1,620 1,200 1,860 1,708 1,572 11,205 1,055 1,453 7,449 1,917 1,388 625
Streamline charges Bank charges		1,833 584	1,482
Non-recoverable input VAT		1,913
Depreciation Loss on sale ofassets Interest payable and similar	charges	19,499 17,160	15,036 (3,271) 18,361
		264,211	241,297
SUPPORT COSTS
			Governance
			costs
			f
Prevention and relief ofpoverty and
protection and preservation	ofthe
environment			2,957
Men in Sheds			650
			3,607

						2022	2021
				Prevention
				and
				relief of
				poverty
				and
				protection
				and
				preservation
				ofthe	ivien in	Total	Total
				environment	Sheds	activities	activities
				f	f	F	f
Professional		fees					61
Independent		examiners'	fees	1,377	303	1,680	1,570
Independent services		examiners'	fees for other	1,580	347	1,927	1,938
				2,957	650	3,607	3,569
NET INCOME/(EXPENDITURE)
Net income/(expenditure)			is stated after	charging/(crediting):
						2022	2021
						f	f
Depreciation		-owned assets				19,499	15,036
Hire of Surplus	plant and machinery on disposal offixed assets					1,794	1,242 (3,271)

2022	2021
8	8

COMPARA	TIVES FOR THE	STA	TEMENT OF FINANCIAL	ACTIVITIES
				Unrestricted	Restricted	Total
				funds	funds	funds
				E		E
INCOIVIE AND ENDOWMENTS			FROM
Donations	and legacies				1,990	2,558
Charitable	activities
Prevention	and relief of poverty and
protection	and preservation	of	the
environment Men in Sheds				207,776	22,163	207,776 22,163
Other trading activities Investment income				2,136 12		2,136 12
Total				210,492	24,153	234,645
EXPENDITURE ON
Charitable	activities
Prevention	and relief of poverty		and
protection	and preservation	ofthe
environment Men in Sheds				200,743 2,700	947 40,476	201,690 43,176
Total				203,443	41,423	244,866

13.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued Unrestricted	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued Unrestricted	Restricted	Total
		funds	funds	funds
		E		E
	NET INCOME/(EXPENDITURE) Transfers between funds	7,049 24,028	(17,270) (24,028)	(10,221)
	Net movement in funds	31,077	(41,298)	(10,221)
	RECONCII, IATION OF FUNDS Total funds brought forward	415,049	69,265	484,314
	TOTAL FUNDS CARRIED FORWARD	446,126	27,967	474,093
14.	TANGIBLE FIXED ASSETS
			Improvements
		Freehold	to	Plant and
		property	property	machinery
		E		E
	COST At 1January 2022 Additions	514,313	13,405 10,321	25,363 6,820
	At 31December 2022	514,313	23,726	32,183
	DEPRECIATION
	At 1January 2022 Charge for year		6,107 3121	22,587 3,013
	At 31December 2022		9,228	25,600
	NET BOOK VALUE
	At 31December 2022	514,313	14,498	6,583
	At 31December 2021	514,313	7,298	2,776

14.	TANGIBLE FIXEDASSETS-continued	TANGIBLE FIXEDASSETS-continued	TANGIBLE FIXEDASSETS-continued
				IVlotor	Computer
				vehicles f	equipment	Totals f
	COST
	At 1January 2022 Additions			53,210 21,995	8,023 871	614,314 40,007
	At 31December 2022			75,205	8,894	654,321
	DEPRECIATION
	At 1January 2022 Charge for year			35,035 12,465	6,596 900	70,325 19,499
	At 31December 2022			47,500	7,496	89,824
	NET BOOK VALUE
	At 31December 2022			27,705	1,398	564,497
	At 31December 2021			18,175	1,427	543,989
15.	DEBTORS; AIVIOUNTS	FALLING DUE WITHIN ONE YEAR
					2022	2021
	Trade debtors					146
	Other debtors				908	2,769
	VAT				5,631	850
	Prepayments				10,819	8,611
					17,358	12,376
16.	CREDITORS' AMOUNTS		FALLING DUE WITHIN ONE YEAR
					2022	2021
					f	f
	Bank loans and overdrafts (see note 18) Social security and other taxes Other creditors				26,177 1,995	24,284 1,916
	Accrued expenses				2,308	2,272
					30,484	28,472

17.	CREDITORS: AMOUNTS FALLING DUE AFTER IV(ORE THAN ONE YEAR	CREDITORS: AMOUNTS FALLING DUE AFTER IV(ORE THAN ONE YEAR	CREDITORS: AMOUNTS FALLING DUE AFTER IV(ORE THAN ONE YEAR	CREDITORS: AMOUNTS FALLING DUE AFTER IV(ORE THAN ONE YEAR
					2022	2021
					E
	Bank loans (see note 18)				192,988	218,785
18.	LOANS
	An analysis ofthe maturity	of loans is given	below:
					2022	2021
					E	E
	Amounts falling due within Bank loans	one year on demand:			26,177	24,284
	Amounts falling between Bank loans - 1-2 years	one and two years:			27,927	25,907
	Amounts falling due between two and five years;
	Bank loans —2-5 years				67,804	72,218
	Amounts falling due in more than five years:
	Repayable by instalments; Bank loans more 5 yr by instal				97,257	120,660
19.	SECURED DEBTS
	The following secured debts are included		within creditors:
					2022	2021
					E
	Bank loans				219,165	243,069
	The bank loan is secured	by a legal charge	on the charity's freehold	property.

IVIOVEMENT IN FUNDS	IVIOVEMENT IN FUNDS
				Net	Transfers
				movement	between	At
			At 1.1.22 f	in funds f	funds f	31.12.22 f
Unrestricted funds
General fund Designated fund (tangible fixed assets) Designated fund (special projects)			120,205 300,921 25,000	46,770 (19,499)	(43,772) 63,911	123,203 345,333 25,000
Restricted funds			446,126	27,271	20,139	493,536
Men ln Sheds National Lottery	Reaching Communities		27,967	(5,220) 20,524	(18,620) (1,519)	4,127 19,005
			27,967	15,304	(20,139)	23,132
TOTAL FUNDS			474,093	42,575		516,668
Net movement	in funcfs, included	in the above	are as follows:
				Incoming	Resources	Movement
				resources f	expended f	in funds
Unrestricted funds
General fund Designated fund	(tangib! efixed assets)			256,941	(210,171) (19,499)	46,770 (19,499)
Restricted funds				256,941	(229,670)	27,271
Men in Sheds National Lottery	Reaching Communities			4,894 48,558	(1O,114) (28,034)	(5,22O) 20,524
				53,452	(38,148)	15,304
TOTAL FUNDS				310,393	(267,818)	42,575

Comparative	s for movement in funds
			Net	Transfers
			movement	between	At
		At 1.1.21	in funds	funds	31.12.21
		E	E	E	f
Unrestricted	funds
General fund Designated fund (tangible fixed assets) Designated fund (special projects)		115,826 274,223 25,000	18,814 (11,765)	(14,435) 38,463	120,205 300,921 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

Comparative net movement in funds, included in the a	bove are as follows:
	Incoming	Resources	Movement
	resources	expended	in funds
		E	E
Unrestricted funds General fund	210,492	(191,678)	18,814
Designated fund (tangible fixed assets)		(11,765)	(11,765)
	210,492	(203,443)	7,049
Restricted funds
Men in Sheds	24,153	(40,476)	(16,323)
Power To Change		(947)	(947)
	24,153	(41,423)	(17,270)
TOTAL FUNDS	234,645	(244,866)	(10,221)

		Net	Transfers
		movement	between	At
Unrestricted funds	At1.1,21 f	fn funds	funds	31.12,22 f
General fund Designated fund (tangible fixed assets) Designated fund (special projects)	115,826 274,223 25,000	65,584 (31,264)	(58,207) 102,374	123,203 345,333 25,000
Restricted funds	415,049	34,320	44,167	493,536
Men in Sheds Power To Change National Lottery Reaching Communities	52,879 16,386	(21,543) (947) 20,524	(27,209) (15,439) (1,519)	4,127 19,005
	69,265	(1,966)	(44,167)	23,132
TOTAL FUNDS	484,314	32,354		516,668

	incoming	Resources	Movement
	resources f	expended f	in funds
Unrestricted funds
General fund Designated fund (tangible fixed assets)	467,433	(401,849) (31,264)	65,584 (31,264)
Restricted funds	467,433	(433,113)	34,320
IVIen in Sheds Power To Change National Lottery Reaching Communities	29,047 48,558	(50,590) (947) (28,034)	(21,543) (947) 20,524
	77,605	(79,571)	(1,966)
TOTAL FUNDS	545,038	(512,684)	32,354
Transfers between funds