##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||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|