2023-12-31-accounts - Storeroom 2010

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						2023	2022
				Unrestricted	Restriicted	Total	Total
			Notes	funds f	funds f	funds 6	fundsf
INCOME AND ENDOWMENTS	FROM
Donations and legacies				865	2,620	3,485
Charitable activities
Prevention and relief of poverty		and protection
and preservation ofthe environment				24&,078	5,350	253,428	253,141
Men in Sheds					6&,115	68,115	50,807
Other trading activities				3,244		3,244	2,489
Investment income				1,786		1,786	289
Total				253,973	76,085	330,058	310,393
EXPENDITURE ON
Chariitable activities
Prevention and relief of poverty		and protection
and preservation ofthe environment				235,785	2,720	238,505	225,495
Men in Sheds				676	43,344	44,020	42,323
Total				236,461	46,064	282,525	267,818
NET INCOME				17,512	30,021	47,533	42,575
Transfers between funds			20	1,249	(1,249)
Net movement In funds				18,761	28,772	47,533	42,575
RECONCILIATION OF FUNDS
Total funds brought forward				493,536	23,132	516,668	474,093
TOTAL FUNDS CARRIED FORWARD				512,297	51,904	564,201	516,668

				2023	2022
		Unrestricted	Restrkted	Total	Total
	Notes	funds f	funds f	funds 5	funds f
FIXEDASSETS
Tangible assets	14	547 549		547,549	564,407
CURRENT ASSETS
Debtors	15	26,787		26,787	17,358
Cash at bank and in hand		136,578	51,904	188,482	158,285
		163,365	51,904	215,269	175,643
CREDITORS
Amounts faging due within one year	16	(32,919)		(32,919)	(30,484)
NET CURRENT ASSETS		130,446	51,904	182,350	145,159
TOTAL ASSETS LESSCURRENT LIABILITIES		677,995	51,904	729,899	709,656
CREDITORS
Amounts faging due after more than one year	17	(165,698)		(165,698)	(192,988)
NETASSETS		512,297	51,904	564,201	516,668
FUNDS	20
Unrestdicted funds				512,297	493,536
Restricted funds				51,904	23 132
TOTALFUNDS				564,201	526,668

	DONATIONS AND LEGACIES
				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		6	f	6	E
	Donations	866	2,620	3,486	3,667
3.	OTHER TRADING ACTIVITIES
				2023	2022
		Unrestricted	Restriicted	Total	Total
		funds	funds	funds	funds
			E	f	E
	Sale of MIS goods	3,244		3,244	2,489
4.	INVESTMENT INCOME
				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		6	f	6	f
	Deposit account interest	1,786		1,786	289

					Act)vity						2023 6	2022f
					Prevention		and relief of poverty		and
					protection		and preservation	of	thc
Saleofdonated			goods		environment						245,317	250,012
					Prevention		and relief of poverty		and
					protection		and preservation	of	the
Gift aid					environment						2,761	3,129
					Prevention		and relief of poverty		and
					protection		and preservation	of	the
Grants					environment						5,350
Grants					Men in	Sheds					68,115	50,807
											321,543	303,948
Grants received,			included in the		above,	are	as follows:
											2023	2022
											6	6
General											5,350
Men in	Sheds										1,630
National	Lottery		Reaching Communities								48,985	48,557
Isle ofWight Council Mental Wellbeing						Funding						2,000
Newport	ik	Carlsbrooke		Community Council								250
Swire Charitable			Trust								17,500
											73,465	50,807
CHARITABLE ACTIVITIES				COSTS
										Direct	Support
										Costs (see	costs (see
										note 7) f	note 8) f	Totals 6
Prevention		and	relief of	poverty	and
protection		and preservation ofthe
environment										235,640	2,865	238,505
Men in Sheds										43,208	812	44,020
										278,848	3,677	282,525

				2023 5	2022f
Staff costs				195828	177,232
Hire ofplant	and	machinery		1,429	1,794
Insurance				5,953	6,455
l.ight, heat and water				7,799	5,937
Telephone				831	1,440
Postage and	stationery			1,260	1,102
Advertising				1,683	2,726
Sundries				988	1,277
Health care				2,506	2,324
Motor and travel		expenses		13,934	14,598
Volunteers'	expenses			1,140	1,297
Professional	fees			181	362
Repairs and	renewals			8,950	1,193
Subscrlptions				2,023	2.131
Refreshments				2,459	2,407
Staff training					947
Streamline charges				1,725	1,833
Bank charges Non-recoverable		input VAT		719 (137)	584 1,913
Depreciation				18,920	19,499
Loss on sate	ofassets			(5,417)
Interest payable		and similar	charges	15,974	17,160
				278,848	264,211
SUPPORT COSTS
					Governance
					costs
					E
Prevention	and relief ofpoverty and
protection and preservation			ofthe
environment					2,865
Men in Sheds					812
					3,677

Governance	costs
							2023	2D22
					Prevention
					and
					relief of
					poverty
					and
					protection
					and
					preservation
					ofthe	Men in	Total	Total
					environment	Sheds	activities	activities
					E	E	6	6
Professional	fees				54		54
Independent	examiners'	fees			1,610	465	2,D75	1,6&0
Independent	examiners'	fees	for	other
seNIces					'J,202		1,548	1,927
					2,865		3,677	3,607

		2023	2022
		E	E
Depreciation	-owned assets	18,921	19,499
Hire of plant	and machinery	1,429	1,794
Surplus on disposal offixed assets		(5,417)

COMPARATIVES FOR THE STATENIENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATENIENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		funds	funds	funds
		f	E	E
INCOME AND ENDOWMENTS	FROM
Donations and legacies		1,022	2,645	3,667
Charitable acdvities
Prevention and relief of poverty and protection
and preservation ofthe environment		253,141		253,141
Men in Sheds			50,807	50,807
Other trading activities		2,489		2,489
Investment income		289		289
Total		256,941	53,452	310,393
EXPENDITURE ON
Charitable activities
Prevention and rehef of poverty and protection
and preservation ofthe environment		225,495		225,495
Men in Sheds		4,174	38,149	42.323
Total		229,669	38,149	267,818
NET INCOME		27,272	15,303	42,575
Transfers between funds		20,139	(20,139)
Net movement in funds		47,411	(4,836)	42,575
RECONCILIATION OF FUNDS
Total funds brought forward		446,126	27,967	474,093
TOTAL FUNDS CARRIED FORWARD		493,537	23,131	516,668

TANGIBLE FIXEDASSETS
		Improvements
	Freehold	to	Plant and
	property f	property f	machinery 6
COST
At1January 2023	514,313	23,726	32,183
Additions			6Z5
Disposals
At 31December 2023	514,313	23,726	32,808
DEPRECIATION
At 1January 2023		9,228	25,600
Charge for year		2,373	3,011
Eliminated on disposal
At 31December 2023		11,601	28,611
NET BOOKVALUE
At31December 2023	514,313	12,125	4,197
At31December 2022	514,313	14,498	6,583
	Motor	Computer
	vehicles	equipment f	Totals f
COST
At 1January 2023	75,205	8,894	654,321
Additions		1,348	1,973
Disposals	(11,850)		(11,850)
At31December 2023	63,355	10,242	644,444
DEPRECIATION
At1January 2023	47,500	7,496	89,824
Charge for year	1Z,466	1,071	18,921
Eliminated on disposal	(11,850)		(11,850)
At 31December 2023	48,116	8,567	96,895
NET BOOK VALUE
At 31December 2023	15,239	1,675	547,549
At31December 2022	27,705	1,398	564,497

15.	DEBTORS:AMOUNTS FAL	UNG DUE WITHIN ONE YEAR
			2023 E	2022f
	Trade debtors		80
	Other debtors		686	90&
	VAT		825	5,631
	Prepayments		25,196	1D,&19
			26,787	17,358
16,	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2023	2022
			E	1
	Bank loans and overdrafts	(see note 18)	28,069	26,177
	Social security and other taxes		2,605	1,995
	Other creditors			4
	Accrued expenses		2,245	2,30&
			32,919	30,484
17.	CREDITORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR
			2023	2D22
			E	E
	Bank loans (see note 18)		165,698	192,988
18.	LOANS
	An analysis ofthe matudity	ofloans is given below:
			2023	2022
			f	E
	Amounts falling due within	one year an demand:
	Bank loans		2&,069	26,177
	Amounts falling between one and twa years:
	Bank loans -1-2years		23.321	27,927
	Amounts falling due between two and foe years:
	Bank loans 2-5yean		70340	67,&04
	Amounts falling due in more than five years:
	Repayable by instalments:
	Bank loans mare 5yr by instal		72,D37	97,257

		2023	2022
		f	E
Bank	loans	193,767	219,165

MOVEMENT IN F	UNDS
				Net	Transfers
				movement	between	At
			At 1.1.23	in funds	funds	31.12.23
			f	E	f
Unrestricted funds
General fund			123,203	36,432	(26,122)	133,513
Designated fund	(tangible	fixed assets)	345,333	(18,920)	27,371	353,784
Designated fund	(special	projects)	25,000			25,000
			493,536	17,512	1,249	512,297
Restricted funds
Men in Sheds			4,127	3,172	(600)	6,699
National Lottery	Reaching	Communities	19,005	6,719	(649)	25,075
Swire Chaditable	Trust			17,500		17,500
Storeroom				2,630		2,630
			23,132	30,021	(1,249)	51,904
TOTAL FUNDS			516,668	47,533		564,201

			Incoming	Resources	Movement
			resources	expended	in funds
			f	E	6
Unrestricted	funds
Generalfund			253,973	(217,541)	36,432
Designated	fund	(tangible fixed assets)		(18,920)	(18,920)
			253,973	(236,461)	17,512
Restricted funds
Men in Sheds			4,251	(1,079)	3,172
National Lottery		Reaching Communities	48,984	l42,265)	6,719
Swire Charitable		Trust	17,50D		17,500
Storeroom			5,350	(2,720)	2,630
			76,085	(46,064)	30,D21
TOTAL FUNDS			330,058	(282,525)	47,533

		Net	Transfers
		movement	between	At
	At 1.1.22	in funds	funds	31.12.22
	E	f	6	E
Unrestricted funds
General fund	120,205	46,770	(43,772)	123,203
Designated fund (tangible fixed assets)	300,921	(19,499)	63,911	345,333
Designated fund (special projects)	25,000			25,000
Restricted funds	446,126	27,271	20,139	493,536
Men in Sheds	27,967	(5,220)	(18,620)	4,127
National Lottery Reaching Communities		20,524	(1519)	19,005
	27,967	15,304	(20,139)	23,132
TOTALFUNDS	474,093	42,575		516,668

		Incoming	Resources	Movement
		resources	expended	in funds
		E	E	E
Unrestricted funds
General	fund	256,941	(210,171)	46,770
Designated fund (tangible fixed assets)			(19,499)	(19,499)
		256,941	(229,670)	27,271
Restricted funds
Men in	Sheds	4,S94	(10,114)	(5,220)
National	Lottery Reaching Communities	48,558	(28,034)	20,524
		53,452	(38,148)	15,304
TOTAL FUNDS		310,393	(267,S18)	42,575

			Net	Tmnsfei's
			movement	between	At
		At 1.1.22	In funds	funds	31.1,2.23
		E	E	E	E
Unrestricted funds
General fund		120,205	83,202	(69,S94)	133,513
Designated fund	(tangible fixed assetsl	300,921	(38,419)	91,282	353,784
Designated fund	(special pro]acts)	25,000			25,000
		446,176	44,783	21,38S	512,297
Restdicted funds
Men in Sheds		27,967	(2,048)	(19,22D)	6,699
National Lottery	Reaching Communities		27,243	(2,168)	25,075
Swire Charitable	Trust		17,500		17,500
Storeroom			2,63D		2,630
		27,967	45,325	(21,388)	51,904
TOTAL FUNDS		474,093	90,108		564,201

		Incoming	Resources	Movement
		resources	expended	in funds
		5	6	6
Unrestricted funds
General fund		510,914	(427,712)	83,202
Designated fund (tangible	fixed assets)		(38,419)	(38,419)
		510,914	(466,131)	44,783
Restricted funds
Men In Sheds		9,145	(11,193)	(2,048)
National Lottery Reaching	Communities	97,542	(70,299)	27,243
Swire Charitable Trust		17,500		17,500
Storeroom		5,350	l2,720)	2,630
		129,537	(84,212)	45,325
TOTAL FUNDS		640,451	(550,343)	90,108
Transfers between funds

				2023	2022
		Unrestricted	Restdictad	Total	Total
		funds f	fuilcl 3 F.	funds 5	fundsf
INCOME AND ENDOWMENTS
Donadons	and legades
Donations		865	2,620	3,485	3,667
Othertrading activities
Sale of MIS	goods	3,244		3„244	2,4!I9
Investment	income
Deposit account interest		1,786		1,786	289
Charitable	activities
Sale ofdonated goods		245,317		245,317	250,012
Gift aid		2,761		2,761	3,129
Grants			73,465	73,465	50,807
		248,078	73,465	321,543	303,948
Total incoming resources		253,973	76,085	330,058	310,393
EXPERIDITURE
Charitable	activities
Wages		156,123	36,838	192,961	174,767
Pensions		2,967		2,967	2,465
Hire of plant and machinery		1,429		1,429	1,794
Insurance		5,697	256	5,953	6,455
light, heat	and water	4,195	3,604	7,799	5,937
Telephone		831		831	1,440
Postage and stationery		1,025	235	1,260	1,102
Advertising		958	725	1,683	2,726
Sundries		20	968	988	1,277
Health care		2,506		2,506	2,324
Motor and	travel expenses	13,934		13,934	14,598
Volunteers'	expenses	1,140		1,140	1,297
Professional	fees	181		181	362
lie pairs and	ranawa Is	6,397	2,053	8,950	1,193
Carried forward		197,903	44,679	242,582	217,737

							2023	2022
				Unrestricted	Restricted		Total	Tota I
				funds	funds		funds	funds
				E	f		E	E
Charitable artivities
Brought forward				197,903	44,679		242,582	217,737
Subscriptions				1,926		97	2,023	2,131
Refreshments				1,232	1,227		2,459	2,407
Staff training								947
Streamline charges				1,725			1,725	1,833
Bank charges				658		61	719	584
Non-recoverable		input VAT		(137)			(137)	1,913
Depreciation oftangible			fixed assets	18,920			18,920	19,499
Surplus on sale		assets		(5,417)			(5,417)
Bank loan interest				15,974			15,974	17,160
				232,784	46,064		278,848	264,211
Support costs
Governance	costs
Professional	fees			54			54
independent		examiners'	fees	2,075			2,075	1,680
Independent		examiners'	tees tor other services	1,548			1,548	1,927
				3,677			3,677	3,607
Totalresources		expended		236,461	46,064		282,525	267,818
Net income				17,512	30,021		47,533	42,575