MEN IN SHEDS
ACCOUNTS AND FINANCIAL INFORMATION
YEAR ENDED 31st JANUARY 2025
INDEX
Section 1. Trustees' Annual Report and General Information Section 2. Accountants' Report Section 3. Income and Expenditure Account Section 4. Balance Sheet Section 5 Notes to the Accounts
MEN IN SHEDS
TRUSTEES' ANNUAL REPORT AND GENERAL INFORMATION
The trustees present their report and accounts for the year ended 31st January, 2025
The Association was established under a trust deed dated 7th April, 2015 to provide and promote social inclusion for the public benefit by preventing men socially excluded Under charity number 1161177. The principal office is The Pavillion, Oak Road Playing Field, HU6 7EY
The trustees who administer the charity and meet three times each year were -
| Governor Trustees - | Andrew James Conlon | Chairperson |
|---|---|---|
| Trustees - | Richard Andew Bayford | Treasurer |
| Ian Watson | ||
| Donna Jackson | ||
| Bankers | CAF Bank | |
| Accountants | Accounting Solution (Hull) | Unlimited, 15 The Square, Anlaby, HU10 7AY |
Overview
There is a surplus of receipts over payments of £6036
The above report and information was approved by the trustees on 7th April, 2025 and signed on their behalf by -
Richard Bayford (Treasurer)
From the trustees ….
Our purpose has always been to prevent men from becoming isolated and socially excluded. Providing a safe and friendly shed where like-minded people can gather together to socialise, share skills and learn new ones is always at the heart of what we do. In fact, our founder member advertised for “lonely men wanted” back in 2014 when the charity was originally established. This purpose remains constant but the way that we achieve this continues to evolve and grow.
Our members create a unique and intriguing environment on a daily basis. They are at the heart of everything we do. Every day is different, from producing exceptional pieces of woodwork for local community projects to navigating the latest 3D printing technology, a constant theme of strong friendships, banter and camaraderie is prevalent.
Our volunteers go above and beyond, are committed and dedicated, providing a positive environment that makes a significant difference to the lives of our members and the community as a whole.
The trustee board have seen changes in the last year as we say bon voyage to our existing chair retiring abroad and welcoming a new trustee who has extensive experience in monitoring and evaluation techniques. A timely addition to the existing skills of the board as we implement an evaluation framework and measure our impact so far.
We would like to take this opportunity to thank all of our valuable funders and partners in particular The National Lottery, John Good Foundation, the Sir James Reckitt Charity, Humberside Learning Consortium, FR Scott, LMS Wood and Timber, Arnold Laver and Howarth Timber.
Whilst looking forward, we are excited by the challenges and opportunities ahead to ensure that the charity continues to improve the quality of life for our members and volunteers.
The story for far …
In year 2 of our National Lottery Reaching Communities funding, we have had a real focus on our community engagement. With the support of this funding, local businesses and our members commitment to hard work, we have been able to undertake projects to benefit over 20 other community organisations, including local individuals, NHS teams, Neighbourhood Co-ordinators requests and local schools. The value of these projects, which has been undertaken at no cost to them is over £4,000 in time and materials.
We continue to increase our membership and have also undertaken improvements to the physical shed to provide a more welcoming environment. Our members and volunteers have been involved in making these improvements, which has added a greater sense of pride and ownership. This has created an extra four seating areas in our social area to allow for new members. Feedback from members together with visitors has been tremendous around the changes we have made.
Through kind donations, we have also been able to update our 3D printing facilities. The demand for newer technologies from the members has greatly increased as they become more familiar and confident in using them. It has been inspiring to see our ageing members embrace these technologies where before they had little confidence. Our eldest member, at 92 years young is now 3D printing at home and using CAD design software.
Our direct engagements have increased again this year, with the addition of new shed members and DIY skills courses and the Walking Talking group. The numbers of our direct engagements breakdown as follows –
| Shed Members | 60 |
|---|---|
| Volunteers (including trustees) | 14 |
| Walkers | 65 |
| DIY Skills | 24 |
| Total | 163 |
We will continue to offer our support to those local charities and organisations that desperately need our help due to their own lack of funds.
Although our walking group is currently paused due to difficulties with volunteer recruitment, a positive that has emerged is the continued friendships and feelings of support available. The walking group is made up of people from the local community, some who are close neighbours but did not know nor had ever spoken to each other. They have carried on meeting up, walking regularly and socialising together. This is a core group of around 15 men and women who have now forged lasting friendships, keep in touch with each other and even have their own WhatsApp group. One member has shared how she had felt extremely lonely after the passing of her husband. Through the walking group she now has a new social circle. On the weekend, when she previously felt lonely, she now enjoys a call from a friend, a joke or a quiz started on the WhatsApp group, which always puts a smile on her face. Feedback from the rest of the group is very similar, which highlights the need for this type of activity locally. It has encouraged us to begin exploring how we can support the group in future.
As mentioned above, our shed members and volunteers have undertaken many projects this year to benefit the local community and our network of partners. We are incredibly proud of the care and effort that has been put into these projects to help improve the lives and experiences of others in our local area. They work tirelessly to ensure that these projects are made to the highest quality of workmanship. Sheds have always been about peer-to-peer mentoring, and it is fantastic to see this in every aspect of our shed projects, not only in the workshop but with the new technologies we have introduced. The busier we are, the greater the comradery grows.
A few examples of the activities our shed members have been involved with.
-
After a fire destroyed the social area of the Rainbow Community Garden, we reached out and our members produced new seating for their volunteers to sit, chat and enjoy the garden once again.
-
A new CIC, Wild Wellness, is currently transforming a woodland to promote positive mental health through nature. They had no facilities, so our members have built them a sectional toilet block, including a composting toilet for their visitors to use.
-
We made planters for a disabled resident of Brainkind on Victoria Dock who refused to engage in any activities. The resident was interested in growing and planting but was unable to do this without raised planters. He is now getting outdoors more and enjoying his own garden space.
-
We have supported 2 schools to enhance their outside spaces by creating mud kitchens, bird tables and feeders, seating and even a mini world for primary age children.
-
We have created an electronic bleep game in the shape of a pair of lungs for the Humber Cancer Alliance which they now take out to events to get people talking about lung health.
-
We have donated 16 engraved signs to the No Dig Community Allotment to distinguish the different areas of the allotment, we continue to support them and are currently making seating for their volunteers.
-
We have worked with the local council’s neighbourhood coordinators to support residents and other groups with projects such as refurbishing benches and producing planters for those in built-up areas with no green space.
-
We continue to support the Humber Learning Consortium “Good to Go” project by making items such as accessibility ramps and seating for their participants at their allotments.
-
At the request of her family, our members created a beautiful wooden engraved bench in memory of a young girl that was tragically run down and killed. This is now in place at her school in East Hull.
-
Again, this year, we have supported the Humber Bridge Wellbeing hub by donating a garden bench and bird feeders to improve their outdoor spaces.
These are just some of the organisations that we have been able to help this year. The funding we have received has allowed our shed members to be involved in these community projects, giving them a sense of pride and self-worth, through making a positive impact on other people’s lives.
We delivered a DIY skills training course to members of the public in early 2024, which was a great success. Predominantly attended by ladies, these courses ran for 6 weeks and were aimed at teaching the most common DIY skills needed around the home. Feedback from all who attended was extremely good. As with the walking group, friendships were formed amongst the participants. One group has their own WhatsApp group and asks each other’s advice on jobs they want to do around the home.
On the back of this success, and with the addition of an ex-college tutor to our team of volunteers, we are currently preparing to deliver similar courses, in particular to young people on the Humber Learning Consortium’s “Good to Go” programme.
A few words from those we support:
-
“Coming to the shed gives me some worth, I enjoy helping other people and it keeps me alive. I don’t think I’d still be here if I hadn’t found this place.”
-
“When I started, I was a bit nervous about meeting new people. Now I’ve got to know everyone I never want to go home. I feel that coming here has saved my life.”
-
“I’ve had so many health issues of late and really struggled. If it weren’t for coming here and getting involved, I think I would have topped myself.”
-
“After I retired, I was at a loose end, spending most of my days in the pub drinking. Coming to the shed has given me something worthwhile to focus on and gives the wife a break too.”
-
“Men in Sheds keeps my brain active and my body. I enjoy the woodworking and learning things, and it’s kept me out of my armchair at home and under the wife’s feet.”
-
“I’ve made some lasting friendships on the walks. I’ve got people who I can speak to on a weekend now, I never had that before and felt lonely.”
-
“I’m now confident about doing DIY in my home. The course was informative and friendly. I’ve learned some new skills and met some new people.”
We continue to welcome visitors to the shed from NHS teams, local service providers and information services to speak to our members, providing a relaxed and welcoming setting for them to find out what is going on locally, matters that impact their health and wellbeing and support available to them. We have found that our members respond and interact much better when it is kept informal, rather than large presentations, and tend to engage with visitors in a much more positive way.
Local businesses have played a crucial role in supporting Men in Sheds Hull, by providing materials that help us successfully complete our projects. Their contributions have made a significant impact in many ways and consumables continue to be supplied free of charge. These businesses have
committed to supporting their local community. In turn, we have provided in-kind support for these businesses to deliver small projects for the other community organisations that they support. F.R. Scott, LMS Wood and Timber, Arnold Laver and Howarth Timber have all pledged to support the shed on an ongoing basis in terms of wood and other materials. We have also been nominated 3 times this year to receive £500 from the John Good Group as their chosen charity of the month.
Some pictures of our year...... le,n IN, Shells I" , NDCA LOU5 umber Wellbeing Hvb thanks Men in Sheds.
ij Ileai Slii'ils
ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE
UNAUDITED ACCOUNTS OF MEN IN SHEDS
In accordance with instructions given to us we have compiled the annual accounts of Men In Sheds which comprise Income and Expenditure Account, Balance Sheet and Notes, from the records and information and explanations provided to us.
Our work has been undertaken so that we may compile the accounts, report that we have done so, and report any matters to you which we consider necessary. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the trustees for our work or this report.
You have approved the accounts for the year ended 31st January, 2025 and have acknowledged your responsibility for them and for providing all information and explanations necessary for their compilation.
We have not verified the accuracy or completeness of the accounting records or information and explanations given to us and we do not, therefore, express any opinion on the accounts or other information.
Accounting Solution (Hull) Unlimited Accountants 7th April, 2025
MEN IN SHEDS
INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31ST JAN 2025
| 2025 | ||
|---|---|---|
| INCOME | ||
| Grants and fundraising | 46,022 | |
| Investment income - | ||
| Interest Income | 58 | |
| Deposit Account Interest | 504 | |
| ------ | 563 | |
| Donation | 12,616 | |
| --------- | ||
| 59,200 | ||
| --------- | ||
| EXPENDITURE | ||
| Rent, Water, gas and electricity | 5,421 | |
| Repairs and maintenance of buildings | 1,281 | |
| Insurances | 761 | |
| Motor and Travel | 696 | |
| Accountancy charges | 420 | |
| Tools and workshop supplies | 6,440 | |
| Sundry and office expenses | 3,729 | |
| Bank Charges | 60 | |
| Wages | 34,357 | |
| --------- | ||
| 53,164 | ||
| --------- | ||
| SURPLUS FOR THE YEAR | £ | 6,036 |
| --------- |
MEN IN SHEDS
BALANCE SHEET - 31ST JANUARY 2025
| Note | 2025 | 2025 | ||
|---|---|---|---|---|
| FIXED ASSETS | ||||
| Tangible assets | 2 | - | ||
| CURRENT ASSETS | ||||
| Investments | 3 | - | ||
| Debtors | 4 | - | ||
| Cash at bank | 49,775 | |||
| ----------- | ||||
| 49,775 | ||||
| ----------- | ||||
| CREDITORS | ||||
| Amounts falling due within 1 year | 5 | - | ||
| -------- | ||||
| NET CURRENT ASSETS | 49,775 | |||
| ---------- | ||||
| 49,775 | ||||
| PROVISIONS | ||||
| Accruals | -420 | |||
| Future costs | - | |||
| ---------- | ||||
| £ | 49,355 | |||
| ---------- | ||||
| RESERVES | ||||
| Revaluation reserve - Property | 6 | 0 | ||
| Revaluation reserve - Investments | 7 | 0 | ||
| Revenue reserve | 8 | £ | 49,355 | |
| ---------- |
These accounts were approved by the trustees on 7th April, 2025 and signed on their behalf by -
____(Trustee) ________
MEN IN SHEDS
NOTES TO THE ACCOUNTS
YEAR ENDED 31ST JANUARY 2025
1. ACCOUNTING POLICIES
Basis of preparation of financial statements
The financial statements are prepared under the historical cost convention as modified by the revaluation of Properties and Investments, and in accordance with applicable accounting standards.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at revaluation plus additions at cost, less grants received
2.
TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | LAND | |
| and Buidings | ||
| Cost or valuation | ||
| At 1st February, 2024 | 0 | |
| Additions | 0 | |
| ---------- | ||
| At 31st January, 2025 | 0 | |
| ---------- | ||
| Depreciation | ||
| At 1st February, 2024 | 0 | |
| Charge for the year | 0 | |
| ---------- | ||
| At 31st January, 2025 | 0 | |
| ---------- | ||
| Net book value | ||
| At 31st January, 2025 | £ | 0 |
| ---------- | ||
| At 31st January, 2024 | £ | 0 |
| ---------- |
MEN IN SHEDS
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31ST JANUARY 2025
| 2025 | ||||
|---|---|---|---|---|
| 3. | INVESTMENTS | |||
| Charities Official Investment Fund - Income Units | 0 | |||
| Charities Official Investment Fund - Accumulation Units | 0 | |||
| Charities Deposit Fund | 0 | |||
| Charities Accumulation Shares | 0 | |||
| --------- | ||||
| £ | 0 | |||
| --------- | ||||
| Valuation at 1st February 2024 | 0 | |||
| Addition | 0 | |||
| Deposit interest | 0 | |||
| Withdrawals | 0 | |||
| Increase/(Decrease) in valuation | 0 | |||
| Conversion Stock and War Loan | 0 | |||
| ---------- | ||||
| Valuation at 31st January, 2025 | £ | 0 | ||
| ---------- | ||||
| 4. | DEBTORS | |||
| Maintenance contributions | 0 | |||
| Prepayments | 0 | |||
| -------- | ||||
| £ | 0 | |||
| -------- | ||||
| 5. | CREDITORS : Amounts due within 1 year | |||
| Maintenance contributions in advance | 0 | |||
| Other creditors and accruals | 0 | |||
| -------- | ||||
| £ | 0 | |||
| -------- |
MEN IN SHEDS
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31ST JANUARY 2025
| 2025 | |||
|---|---|---|---|
| 6. | REVALUATION RESERVE - HOUSING PROPERTY | ||
| At 31st January, 2024 and 31st January, 2025 | £ | 0 | |
| ----------- | |||
| 7. | REVALUATION RESERVE - INVESTMENTS | ||
| At 31st Jan, 2024 | 0 | ||
| Increase/(Decrease) in asset value | 0 | ||
| --------- | |||
| At 31st Jan, 2025 | £ | 0 | |
| --------- | |||
| 8. | REVENUE RESERVE | ||
| Unrestricted Funds | 46,769 | ||
| Restricted Funds | 2,586 | ||
| --------- | |||
| At 31st Jan, 2025 | £ | 49,355 | |
| --------- |
MEN IN SHEDS
ACCOUNTS AND FINANCIAL INFORMATION
YEAR ENDED 31st JANUARY 2025
INDEX
-
Trustees' Annual Report and General Information
-
Accountants' Report
-
Income and Expenditure Account
-
Balance Sheet
-
5-7. Notes to the Accounts
MEN IN SHEDS
TRUSTEES' ANNUAL REPORT AND GENERAL INFORMATION
The trustees present their report and accounts for the year ended 31st January, 2025
The Association was established under a trust deed dated 7th April, 2015 to provide and promote social inclusion for the public benefit by preventing men socially excluded Under charity number 1161177. The principal office is The Pavillion, Oak Road Playing Field, HU6 7EY
The trustees who administer the charity and meet three times each year were -
| Governor Trustees - | Andrew James Conlon | Chairperson |
|---|---|---|
| Trustees - | Richard Andew Bayford | Treasurer |
| Ian Watson | ||
| Donna Jackson | ||
| Bankers | CAF Bank | |
| Accountants | Accounting Solution (Hull) Unlimited, 15 The Square, Anlaby, HU10 7AY | |
| Overview | ||
| There is a surplus of receipts over payments of £6036 |
The above report and information was approved by the trustees on 7th April, 2025 and signed on their behalf by -
Richard Bayford (Treasurer)
- 1 -
ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE
UNAUDITED ACCOUNTS OF MEN IN SHEDS
In accordance with instructions given to us we have compiled the annual accounts of Men In Sheds which comprise Income and Expenditure Account, Balance Sheet and Notes, from the records and information and explanations provided to us.
Our work has been undertaken so that we may compile the accounts, report that we have done so, and report any matters to you which we consider necessary. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the trustees for our work or this report.
You have approved the accounts for the year ended 31st January, 2025 and have acknowledged your responsibility for them and for providing all information and explanations necessary for their compilation.
We have not verified the accuracy or completeness of the accounting records or information and explanations given to us and we do not, therefore, express any opinion on the accounts or other information.
Accounting Solution (Hull) Unlimited Accountants 7th April, 2025
- 2 -
MEN IN SHEDS
INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31ST JAN 2025
| 2025 | ||
|---|---|---|
| INCOME | ||
| Grants and fundraising | 46,022 | |
| Investment income - | ||
| Interest Income | 58 | |
| Deposit Account Interest | 504 | |
| ------ | 563 | |
| Donation | 12,616 | |
| --------- | ||
| 59,200 | ||
| --------- | ||
| EXPENDITURE | ||
| Rent, Water, gas and electricity | 5,421 | |
| Repairs and maintenance of buildings | 1,281 | |
| Insurances | 761 | |
| Motor and Travel | 696 | |
| Accountancy charges | 420 | |
| Tools and workshop supplies | 6,440 | |
| Sundry and office expenses | 3,729 | |
| Bank Charges | 60 | |
| Wages | 34,357 | |
| --------- | ||
| 53,164 | ||
| --------- | ||
| SURPLUS FOR THE YEAR | £ | 6,036 |
| --------- |
MEN IN SHEDS
BALANCE SHEET - 31ST JANUARY 2025
| Note | 2025 | 2025 | ||
|---|---|---|---|---|
| FIXED ASSETS | ||||
| Tangible assets | 2 | - | ||
| CURRENT ASSETS | ||||
| Investments | 3 | - | ||
| Debtors | 4 | - | ||
| Cash at bank | 49,775 | |||
| ----------- | ||||
| 49,775 | ||||
| ----------- | ||||
| CREDITORS | ||||
| Amounts falling due within 1 year | 5 | - | ||
| -------- | ||||
| NET CURRENT ASSETS | 49,775 | |||
| ---------- | ||||
| 49,775 | ||||
| PROVISIONS | ||||
| Accruals | -420 | |||
| Future costs | - | |||
| ---------- | ||||
| £ | 49,355 | |||
| ---------- | ||||
| RESERVES | ||||
| Revaluation reserve - Property | 6 | 0 | ||
| Revaluation reserve - Investments | 7 | 0 | ||
| Revenue reserve | 8 | £ | 49,355 | |
| ---------- |
These accounts were approved by the trustees on 7th April, 2025 and signed on their behalf by -
____(Trustee) ________
- 4 -
MEN IN SHEDS
NOTES TO THE ACCOUNTS
YEAR ENDED 31ST JANUARY 2025
1. ACCOUNTING POLICIES
Basis of preparation of financial statements
The financial statements are prepared under the historical cost convention as modified by the revaluation of Properties and Investments, and in accordance with applicable accounting standards.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at revaluation plus additions at cost, less grants received
2.
TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | LAND | |
| and Buidings | ||
| Cost or valuation | ||
| At 1st February, 2024 | 0 | |
| Additions | 0 | |
| ---------- | ||
| At 31st January, 2025 | 0 | |
| ---------- | ||
| Depreciation | ||
| At 1st February, 2024 | 0 | |
| Charge for the year | 0 | |
| ---------- | ||
| At 31st January, 2025 | 0 | |
| ---------- | ||
| Net book value | ||
| At 31st January, 2025 | £ | 0 |
| ---------- | ||
| At 31st January, 2024 | £ | 0 |
| ---------- |
- 5 -
MEN IN SHEDS
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31ST JANUARY 2025
| 2025 | ||||
|---|---|---|---|---|
| 3. | INVESTMENTS | |||
| Charities Official Investment Fund - Income Units | 0 | |||
| Charities Official Investment Fund - Accumulation Units | 0 | |||
| Charities Deposit Fund | 0 | |||
| Charities Accumulation Shares | 0 | |||
| --------- | ||||
| £ | 0 | |||
| --------- | ||||
| Valuation at 1st February 2024 | 0 | |||
| Addition | 0 | |||
| Deposit interest | 0 | |||
| Withdrawals | 0 | |||
| Increase/(Decrease) in valuation | 0 | |||
| Conversion Stock and War Loan | 0 | |||
| ---------- | ||||
| Valuation at 31st January, 2025 | £ | 0 | ||
| ---------- | ||||
| 4. | DEBTORS | |||
| Maintenance contributions | 0 | |||
| Prepayments | 0 | |||
| -------- | ||||
| £ | 0 | |||
| -------- | ||||
| 5. | CREDITORS : Amounts due within 1 year | |||
| Maintenance contributions in advance | 0 | |||
| Other creditors and accruals | 0 | |||
| -------- | ||||
| £ | 0 | |||
| -------- |
- 6 -
MEN IN SHEDS
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31ST JANUARY 2025
| 2025 | |||
|---|---|---|---|
| 6. | REVALUATION RESERVE - HOUSING PROPERTY | ||
| At 31st January, 2024 and 31st January, 2025 | £ | 0 | |
| ----------- | |||
| 7. | REVALUATION RESERVE - INVESTMENTS | ||
| At 31st Jan, 2024 | 0 | ||
| Increase/(Decrease) in asset value | 0 | ||
| --------- | |||
| At 31st Jan, 2025 | £ | 0 | |
| --------- | |||
| 8. | REVENUE RESERVE | ||
| Unrestricted Funds | 46,769 | ||
| Restricted Funds | 2,586 | ||
| --------- | |||
| At 31st Jan, 2025 | £ | 49,355 | |
| --------- |
- 7 -
MEN IN SHEDS
ACCOUNTS AND FINANCIAL INFORMATION
YEAR ENDED 31st JANUARY 2025
INDEX
-
Trustees' Annual Report and General Information
-
Accountants' Report
-
Income and Expenditure Account
-
Balance Sheet
-
5-7. Notes to the Accounts
MEN IN SHEDS
TRUSTEES' ANNUAL REPORT AND GENERAL INFORMATION
The trustees present their report and accounts for the year ended 31st January, 2025
The Association was established under a trust deed dated 7th April, 2015 to provide and promote social inclusion for the public benefit by preventing men socially excluded Under charity number 1161177. The principal office is The Pavillion, Oak Road Playing Field, HU6 7EY
The trustees who administer the charity and meet three times each year were -
| Governor Trustees - | Andrew James Conlon | Chairperson |
|---|---|---|
| Trustees - | Richard Andew Bayford | Treasurer |
| Ian Watson | ||
| Donna Jackson | ||
| Bankers | CAF Bank | |
| Accountants | Accounting Solution (Hull) Unlimited, 15 The Square, Anlaby, HU10 7AY | |
| Overview | ||
| There is a surplus of receipts over payments of £6036 |
The above report and information was approved by the trustees on 7th April, 2025 and signed on their behalf by -
Richard Bayford (Treasurer)
- 1 -
ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE
UNAUDITED ACCOUNTS OF MEN IN SHEDS
In accordance with instructions given to us we have compiled the annual accounts of Men In Sheds which comprise Income and Expenditure Account, Balance Sheet and Notes, from the records and information and explanations provided to us.
Our work has been undertaken so that we may compile the accounts, report that we have done so, and report any matters to you which we consider necessary. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the trustees for our work or this report.
You have approved the accounts for the year ended 31st January, 2025 and have acknowledged your responsibility for them and for providing all information and explanations necessary for their compilation.
We have not verified the accuracy or completeness of the accounting records or information and explanations given to us and we do not, therefore, express any opinion on the accounts or other information.
Accounting Solution (Hull) Unlimited Accountants 7th April, 2025
- 2 -
MEN IN SHEDS
INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31ST JAN 2025
| 2025 | ||
|---|---|---|
| INCOME | ||
| Grants and fundraising | 46,022 | |
| Investment income - | ||
| Interest Income | 58 | |
| Deposit Account Interest | 504 | |
| ------ | 563 | |
| Donation | 12,616 | |
| --------- | ||
| 59,200 | ||
| --------- | ||
| EXPENDITURE | ||
| Rent, Water, gas and electricity | 5,421 | |
| Repairs and maintenance of buildings | 1,281 | |
| Insurances | 761 | |
| Motor and Travel | 696 | |
| Accountancy charges | 420 | |
| Tools and workshop supplies | 6,440 | |
| Sundry and office expenses | 3,729 | |
| Bank Charges | 60 | |
| Wages | 34,357 | |
| --------- | ||
| 53,164 | ||
| --------- | ||
| SURPLUS FOR THE YEAR | £ | 6,036 |
| --------- |
MEN IN SHEDS
BALANCE SHEET - 31ST JANUARY 2025
| Note | 2025 | 2025 | ||
|---|---|---|---|---|
| FIXED ASSETS | ||||
| Tangible assets | 2 | - | ||
| CURRENT ASSETS | ||||
| Investments | 3 | - | ||
| Debtors | 4 | - | ||
| Cash at bank | 49,775 | |||
| ----------- | ||||
| 49,775 | ||||
| ----------- | ||||
| CREDITORS | ||||
| Amounts falling due within 1 year | 5 | - | ||
| -------- | ||||
| NET CURRENT ASSETS | 49,775 | |||
| ---------- | ||||
| 49,775 | ||||
| PROVISIONS | ||||
| Accruals | -420 | |||
| Future costs | - | |||
| ---------- | ||||
| £ | 49,355 | |||
| ---------- | ||||
| RESERVES | ||||
| Revaluation reserve - Property | 6 | 0 | ||
| Revaluation reserve - Investments | 7 | 0 | ||
| Revenue reserve | 8 | £ | 49,355 | |
| ---------- |
These accounts were approved by the trustees on 7th April, 2025 and signed on their behalf by -
____(Trustee) ________
- 4 -
MEN IN SHEDS
NOTES TO THE ACCOUNTS
YEAR ENDED 31ST JANUARY 2025
1. ACCOUNTING POLICIES
Basis of preparation of financial statements
The financial statements are prepared under the historical cost convention as modified by the revaluation of Properties and Investments, and in accordance with applicable accounting standards.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at revaluation plus additions at cost, less grants received
2.
TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | LAND | |
| and Buidings | ||
| Cost or valuation | ||
| At 1st February, 2024 | 0 | |
| Additions | 0 | |
| ---------- | ||
| At 31st January, 2025 | 0 | |
| ---------- | ||
| Depreciation | ||
| At 1st February, 2024 | 0 | |
| Charge for the year | 0 | |
| ---------- | ||
| At 31st January, 2025 | 0 | |
| ---------- | ||
| Net book value | ||
| At 31st January, 2025 | £ | 0 |
| ---------- | ||
| At 31st January, 2024 | £ | 0 |
| ---------- |
- 5 -
MEN IN SHEDS
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31ST JANUARY 2025
| 2025 | ||||
|---|---|---|---|---|
| 3. | INVESTMENTS | |||
| Charities Official Investment Fund - Income Units | 0 | |||
| Charities Official Investment Fund - Accumulation Units | 0 | |||
| Charities Deposit Fund | 0 | |||
| Charities Accumulation Shares | 0 | |||
| --------- | ||||
| £ | 0 | |||
| --------- | ||||
| Valuation at 1st February 2024 | 0 | |||
| Addition | 0 | |||
| Deposit interest | 0 | |||
| Withdrawals | 0 | |||
| Increase/(Decrease) in valuation | 0 | |||
| Conversion Stock and War Loan | 0 | |||
| ---------- | ||||
| Valuation at 31st January, 2025 | £ | 0 | ||
| ---------- | ||||
| 4. | DEBTORS | |||
| Maintenance contributions | 0 | |||
| Prepayments | 0 | |||
| -------- | ||||
| £ | 0 | |||
| -------- | ||||
| 5. | CREDITORS : Amounts due within 1 year | |||
| Maintenance contributions in advance | 0 | |||
| Other creditors and accruals | 0 | |||
| -------- | ||||
| £ | 0 | |||
| -------- |
- 6 -
MEN IN SHEDS
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31ST JANUARY 2025
| 2025 | |||
|---|---|---|---|
| 6. | REVALUATION RESERVE - HOUSING PROPERTY | ||
| At 31st January, 2024 and 31st January, 2025 | £ | 0 | |
| ----------- | |||
| 7. | REVALUATION RESERVE - INVESTMENTS | ||
| At 31st Jan, 2024 | 0 | ||
| Increase/(Decrease) in asset value | 0 | ||
| --------- | |||
| At 31st Jan, 2025 | £ | 0 | |
| --------- | |||
| 8. | REVENUE RESERVE | ||
| Unrestricted Funds | 46,769 | ||
| Restricted Funds | 2,586 | ||
| --------- | |||
| At 31st Jan, 2025 | £ | 49,355 | |
| --------- |
- 7 -