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2021-03-31-accounts

Trustees’ Annual Report and Financial Statements for the Year Ended 31 March 2021

“Adding years to life and quality of life to years”

UK Men’s sheds AssociAtion A Charitable Incorporated Organisation

chArity no. 1162409 www.menssheds.org.uk

What we do

We provide support and guidance to individuals and groups across the UK in starting and managing Men’s Sheds. We raise awareness of the social and health benefits of Men’s Sheds in reducing isolation, loneliness and in empowering local communities. We support the growth of Men’s Sheds by:

We raise awareness of Men’s Sheds and their many benefits by:

Talking about the social and health benefits of Men’s Sheds in reducing isolation and empowering local communities. We do this through various communication channels, including public events, online and in the media.

Representing our members and the UK Men’s Shed movement at a local, national and international level. We do this by liaising with organisations, government authorities, companies, other Men’s Shed associations and related charities, to help develop partnerships, generate funding opportunities and negotiate sponsorship deals to deliver real value to our Member Sheds.

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Trustees’ Annual Report For The Year Ended 31 March 2021

Contents Page

Contents Page
Chairman’s Statement 4
Legal and administrative information 6
Trustees’ Annual Report 7
Independent Examiner’s report 19
Statement of Financial Activities 20
Balance Sheet 21
Notes to the fnancial statements 22

“We’ve had some members who’ve said they honestly wouldn’t be alive without the support that the Men’s Shed has given them.”

Shed Leader, Liverpool

Trustees’ Annual Report For The Year Ended 31 March 2021

Chairman’s Statement

As the 2020/2021 year started, we were already mid flow in the first national lockdown due to the Covid-19 pandemic. This closed Men’s Sheds across the United Kingdom.

In response, UKMSA staff and volunteers led a number of initiatives to keep people connected and reduce the impact of multiple pandemics of loneliness, mental health and indeed Covid 19.

Our immediate response included the Shed Happens radio show and ShedFest Online, to connect and support Shedders across the country. Thank you to the team behind these efforts including Leo Pswayari, Patrick Abrahams, Kate Gordon, Nathan Sarea, John Rushforth, and Marcel Lenormand.

As Sheds reopened at the end of the first lockdown, we organised a distribution of hand sanitiser packs to Sheds, thanks to Valspar, a sister brand of our sponsor Ronseal. A grant from the National Lottery and partnership with Pro-outsourcing and the Men’s Health Forum enabled the

distribution of over 400 packs of PPE equipment, including masks and face shields, to Men’s Sheds across England. We committed additional funds to support Sheds in Scotland and Northern Ireland and worked with Men’s Sheds Cymru who secured a grant in Wales to support Sheds in Wales. This support allowed connection with Sheds and supported their reopening.

Our first online ShedFest conference was delivered in July; this included a number of education sessions, with social sessions using Zoom.

We hosted our first online Annual General Meeting this year, where representatives from 48 Sheds from across the country came together to hear about the work of UKMSA, this was a significant increase in participation over previous face-to-face meetings.

The work of the UKMSA continued to be supported by a number of funders; we thank the Dulverton Trust, Rayne Foundation, National Lottery, Mercers Company, Tudor Trust, Garfield Weston, Toolstream, DPD, Ronseal and many other donors. These funds allow UKMSA to support Men’s Sheds, while keeping the cost to Shedders low. We have also been exceptionally fortunate to receive a commitment from an anonymous donor of in excess of £240,000 over three years to support the growth and engagement of Sheds across the UK.

“I have cancer, I’ve recently started to visit the Man Shed and I’ve made some smashing friends. When you walk in it feels like the sun has come out and the heaviness is lifted from your shoulders. Talking to people who know what you are going through really helps.”

Trustees’ Annual Report For The Year Ended 31 March 2021

Chairman’s Statement continued

We have also brought onboard a number of new partners over the pandemic including TiteFix, Metal Craft and Smart Water for the benefit of member Sheds and look forward to working with them alongside other partners including Axminster Tools and Machinery, E&G Insurance, Zero Suicide Alliance, Men and Boys Coalition and LumberJack.

contribution to UKMSA. Mark Lindsey stepped down as Treasurer, and we thank him for his major contribution over several years to managing the finances of the charity, governance support and supporting the organisation’s IT systems. In July this year we also said goodbye to Elise Cook and Brian Cooke who resigned from the Board. Elise had a great impact on our HR systems and policies whilst Brian has and continues to be a stalwart of Men’s Sheds having been with the organisation for a number of years with a passion for developing new Sheds.

In partnership with Channel 4 and Ronseal, ‘The Shed’ was launched on Channel 4 as part of Men’s Mental Health Week. This film tells one story that demonstrates the impact of Men’s Sheds on transforming people’s lives, adding years to life and life to years. It is also a demonstration of how we are brokering relationships with partners to promote shared values and help make Men’s Sheds become a household name.

The pandemic has allowed us to reflect on what we do, how to reinforce our connections with Men’s Sheds and Shedders. This has created great learning and moving forward we will continue to support digital channels to reach those who cannot necessarily attend their local Sheds.

Regardless of the pandemic, Men’s Sheds have continued to have a transformational impact on Men’s and Women’s lives. The comradery and openness of Sheds has continued to serve communities and the people who attended Sheds. The Commitment to reducing loneliness, improving wellbeing, reducing anxiety and depression has been realised through engagement and even the development of new virtual Sheds.

Finally, thank you to the Trustees, the Staff team, our team of volunteer Ambassadors, and the leaders of Men’s Sheds across the UK for all you have done to keep the Men’s Shed movement going through the pandemic. As I write, Men’s Sheds have now reopened across the UK, and members are again benefiting from the positive effects that Sheds have on men’s health and wellbeing.

We are so very proud of how Men’s Sheds and Shedders have stood shoulder to shoulder, mostly online or by telephone to support each other.

Whilst UKMSA were shortlisted for its work at the Mental Health and Wellbeing Awards this year, it went on to win an award for its response to Covid 19 from the Men and Boys Coalition. The nomination and award by two national bodies demonstrates our impact and that of Men’s Sheds.

John Latchford Chairman, Board of Trustees October 2021

The year to March 2021 saw the departure of two Trustees, the first being Nathan Sarea, my predecessor as Chairman, we would like to thank Nathan for his

“Men don’t talk face to face, they talk shoulder to shoulder”

Trustees’ Annual Report For The Year Ended 31 March 2021

Legal and administrative information

Status

The UK Men’s Sheds Association (UKMSA)

is a Charitable Incorporated Organisation (CIO), registered on 25 June 2015.

Registered number

Registered charity number - 1162409

Principal address Henleaze Business Centre Hon. Life President Mike Jenn Henleaze House 13 Harbury Road Patron Chris Fisher RPT Henleaze Bristol BS9 4PN Trustees John Latchford, Chairman John Rushforth John Christopher Lee John Jarvis Joanne Phillips Appointed by RVS David Webber Appointed March 2021 Mark Lindsey Resigned February 2021 Brian Cooke Resigned July 2021 Laura Elise Cook Resigned July 2021 Nathan Sarea Resigned November 2020 Employees on 31[st] March 2021 Charlie Bethel Chief Officer Karen Coates Finance Manager Leo Pswarayi Digital Communications Officer Rachel Meadows Volunteer and Community Development Manager David Meli Partnerships and Community Development Manager Laura Winkley Membership and Support Manager Bernadette McElhatton Membership and Support Officer

Bankers

The Co-operative Bank plc Redwood Bank Limited Hampshire Trust Bank plc P.O. Box 101 The Nexus Building 55 Bishopsgate 1 Balloon Street Broadway London Manchester Letchworth Garden City EC2N 3AS M60 4EP SG6 3TA

Independent Examiner

Paul Colcomb FCCA

Wright Vigar Limited

Statutory Auditors and Business Advisors

15 Newland

Lincoln

LN1 1XG

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Trustees’ Annual Report For The Year Ended 31 March 2021

Legal and administrative information continued

The Trustees present their annual report and financial statements for the year ended 31 March 2021. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting

Standard applicable in the UK and Republic of Ireland published on 1 January 2019.

Structure, governance and management

The UK Men’s Sheds Association (UKMSA) is a Charitable Incorporated Organisation (CIO) with voting members other than its charity Trustees.

The CIO is governed by a constitution, with charity Trustees being elected by members at the Annual General Meeting after being verified following a reference and background checking procedure. Any vacant seats may be filled by a verification process, nomination and co-option by the existing Trustees during the year.

On appointment new Trustees are provided with a new Trustee pack which includes copies of the CIO’s Constitution, most recent Trustees’ annual report and accounts and relevant Charity Commission publications such as The Essential Trustee.

UKMSA has an agreement with the Royal Voluntary Service (RVS) to work together for the development of Men’s Sheds. The RVS has a nominated Charity Trustee on the UKMSA board.

The UKMSA aims to develop relationships with other national Men’s Sheds associations in Scotland, Wales and Ireland to share best practice and further our common objectives.

The Trustees meet on a regular basis either in person or by conference call to oversee the governance requirements.

All Trustees are volunteers and undertake activities to further the objects of the UKMSA as required with no remuneration or financial benefit received for their time.

The charity Trustees are responsible for the strategic leadership of the CIO, and through the Chair, direct and manage the Chief Officer to deliver the strategy of the organisation.

“I’ve been given a second life, I come to my Shed & I can forget about being lonely. It’s (The Shed) somewhere to go, it’s something to do & I’ve found another reason to exist, I’m not very fit & able anymore, It is a life line, it really is. I just love it”.

Shedder, Desborough

Trustees’ Annual Report For The Year Ended 31 March 2021 Objectives and activities

The objects of the CIO are for the public benefit to promote the efficiency and effectiveness of charities or the effective use of resources for charitable purposes to local Men’s Sheds, and further enable information sharing, communication and co-operation between them and so act as a support body for Men’s Sheds. In deciding our objectives for the year and planning our activities, the Trustees have considered the Charity Commission’s guidance on public benefit, including the guidance “Public benefit: running a charity (PB2).”

Connection

In a year of pandemic-enforced restrictions on the normal operation of Men’s Sheds, the availability of digital technologies – primarily for online conferencing – and the willingness of Sheds and their members to embrace it, has been essential for maintaining effective communication. This has been two-way communication - between UKMSA members in Sheds and a more top-down information flow of ever-changing government guidelines and more tailored guidance and support from UKMSA together with coping strategies of operating in new, albeit temporary, restrictive environments.

Given that the UK Men’s Sheds Association is a ‘remote organisation’ in the sense that staff and trustees have always been home-based, the arm’s length management of the Charity throughout the pandemic has had much less impact on working practices and service provision than it would for an organisation operating from a single physical base. That said there has been an impact on developing new and existing partnerships; some of which were on hold for a period of time.

The staff team rise to the challenge

Despite the success of our response, we are acutely aware that electronic communication and virtual meetings have their limitations are no substitute for face-to-face contact. Also, that disruption to personal lives and home situations – including home schooling requirements and personal health concerns – have had a particular impact on staff and their families.

Staff have risen to the challenges – not only of lockdown life, but also changes to the team during the year, with

temporary appointments for maternity cover and recruitment to meet growing demands on the organisation.

We are ever grateful for their flexibility and willingness to go the extra mile to support each other and our Shed members in these difficult times. It is to the credit of staff that they have ensured continuity of operation throughout the pandemic by being willing to learn new systems and share knowledge beyond their own specific roles.

On a lighter note, staff have contributed to the social aspects of Shed activity in important ways, including their now-famous Zoom quizzes, with the Big Fat Christmas Quiz and no less than four taking place in March and April!

Trustees’ Annual Report For The Year Ended 31 March 2021 Trustees respond to change

The Trustees have continued to operate at arm’s length throughout the pandemic, but with a greater frequency of meetings to respond to changes in government guidelines, and to increase their availability to support staff through such an unsettling period.

Board membership has also seen changes throughout the year and we have tried to manage these to minimise the disruption to the operation of the charity. Trustees themselves have not avoided the particular pressures of being in lockdown – personally and professionally – and we aim to have learnt lessons that will help strengthen our role as a developing governing body. We are aware that, despite the rapid growth of our membership and reach, we are a relatively new organisation.

Shedders connect locally

The Shedders’ responses to Covid and lockdown have been as varied as the Sheds themselves – each tailored to the particular needs on their members of their local communities.

Shedders have always looked out for each other. Facebook and WhatsApp groups were quickly set up following the first lockdown and may well be maintained beyond the pandemic as another way to keep in touch. Zoom and similar channels have been embraced by many to try to replicate the coffee-time banter which is the hallmark of a vibrant Men’s Shed. Some Men’s Sheds are either installing or thinking about the possibility of installing more permanent webcams for when they re-open – to allow those with limited mobility to feel more included in Shed activity.

Where technological limitations prevented individual Shedders from using online forums, Shed leaders identified the more vulnerable members for regular phone calls and, as government restrictions allowed, socially-distanced visits.

Connecting with the wider community has always been an important function of a Shed – not least for the long-term sustainability that can come from local partnerships. During the lockdowns Shedders were widely involved in volunteering to deliver hot meals and other necessities to isolated individuals, making and selling items in aid of NHS charities, and donating their time as vaccination programmes have rolled out.

Sheds making visors: The natural desire of many Shedders ‘to make things’ is perhaps best demonstrated by their Covid repose in terms of 3-D printing protective visors. By mid-April Kinross and District Men’s Shed had produced 300 visors using seven printers in Shedders’ homes – at one stage producing 50 a day and involving 15 Shedders in the whole process! By mid-July, Church Crookham and Fleet Men’s Shed had produced 512 sets of full-face shields for 48 care provider organisations. Another great demonstration of people helping others and helping themselves in the process.

“Unfortunately, I was in a bit of a bad place, and eventually I came to a church meeting and met one of the men that was opening the Men’s Shed. He asked me to join, so I joined them and it turned my whole life around. I enjoyed the experience and I got to know people. I got more interested in doing work and learning about the machines. It was actually a brilliant decision.”

Shedder, Wirral

Trustees’ Annual Report For The Year Ended 31 March 2021

Working with volunteers to support Sheds

The strength of the UK Men’s Sheds movement has always been the peer support that develops between Sheds. The aim of the UKMSA to grow a more self-sustaining network is reflected in the investment in a programme to extend volunteer roles – to complement Ambassadors by training and supporting other Shed members as local Shed Leaders and Advocates for the movement more widely.

The appointment of Volunteer and Community Development manager Rachel Meadows at the start of 2021, with a different focus to her predecessor Kate Gordon, reflects this increased focus on equipping Sheds with leadership management skills through tailored training and provision of bespoke toolkits. The aim of encouraging mutual support between Sheds beyond the national framework is being further strengthened by the development of regional networks.

With the network of volunteer Ambassadors we have been able to support the development and growth of new and existing Men’s Sheds. We hope to target the development and deployment of more volunteers across the UK to support our aspirational goal of a Men’s Shed serving local communities where they are needed.

Complementing the development of Ambassadors we are also seeking partnerships with other organisations that share our values and those of the Shed movement. Through the network of Ambassadors, Shed Leaders and other volunteers, we will engage new partnerships at local, regional and national levels to develop more Sheds and support

Gerry is one of our newest Shed Ambassadors. After sadly losing his wife to cancer he found himself with more time on his hands and a desire to further promote the concept of Men’s Sheds in order to support the health and wellbeing of men.

Gerry brought with him a passion for supporting Sheds and promoting the Shed movement as well as professional skills from his time in the police such as management, psychology, counselling, and developing and delivering training.

Promotion and support

UKMSA broadly has two audiences for information about the Shed concept and the myriad of ways in which it can enable men to lead healthier and happier lives. Whilst participation in Sheds used to be more restricted to the retiring man, it is now needed as much by the younger person as those of more mature years.

In July 2021, we once again organised our ShedFest conference online. Running over three days, it built on the success of the first online event the previous year – both in terms of the content for Shedders, would-be Shedders and referral agencies and partners, and behind the scenes use of the technology by the Staff team.

For Shed members and would-be Shedders, there’s practical information about starting and sustaining a Shed – with different degrees of complexity related to their stage on that journey. For professionals with an interest in men’s health and wellbeing, including active aging, the language may be different. For health professionals, talk of ‘overcoming loneliness and isolation’ is of particular interest to them, while the same conversation with older men would refer to ‘making friends and having fun’.

Throughout the year, our monthly bulletin Shoulder to Shoulder was promoted to a subscription list growing to 5,000, and a change in the format allows easier reading and a more sophisticated measurement of reader interest in the different published items. Throughout the year we welcome regular contributions from our President Mike Jenn and Patron blind woodturner Chris Fisher RPT.

Similarly, UKMSA uses different communication channels to target different audiences, whilst Facebook being the social media platform of choice for most Shedders many have embraced WhatsApp during the pandemic. During the various lockdowns, some communication channels have had a broad reach to connect with people with both a personal and professional interest in Sheds.

At the first lockdown Shedders, in particular Patrick Abrahams – a UKMSA Ambassador and founder of Frome Shed – were quick to sign up to, and take part in, the Shed Happens series of weekly radio programmes. Patrick’s vision mobilised Shedders from around the world, making it a truly international expression of solidarity and shared learning. The programmes provided a real comfort to Shedders in their homes at a most difficult time for many of them, but the recordings have a value that will last beyond their first broadcast.

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Trustees’ Annual Report For The Year Ended 31 March 2021 Looking ahead – growth and sustainability

Every community will benefit from having a Men’s Shed and this widespread need means that, in theory, there is no limit on the growth potential for the movement. However, lessons learnt from other national associations suggests this growth needs to be managed, and above all, it needs to be sustainable.

It is, of course, not viable to simply increase staffing directly in relation to the growth of the number of Sheds and UKMSA is investing in a number of areas to streamline processes and make the most of economies of scale that a growing membership affords.

Infrastructure development: The pandemic has highlighted the need for a sustainable focus to integrated working across UKMSA; something which has protected UKMSA in these challenging times.

Staff and trustees are now reviewing what technology we have in place in order to rationalise systems, refresh our website, and identify the best solutions for UKMSA to connect and work efficiently moving forward. We want to better understand how the mixed use of different communications channels, including appropriate social media platforms, can better serve the membership and reach beyond our existing reach.

Insight: To be an authentic voice of Men’s Sheds with policy and decision-makers at the national level requires UKMSA to have good information flows across the organisation. With this is mind, the charity is constantly looking at ways to gather accurate information in a timely manner. Developing the volunteer programme, gathering more detailed information when Sheds register for membership, collating case studies and commissioning third party research to sit alongside member surveys.

Measuring impact: Measuring the success of UKMSA support for Men’s Sheds and the men (and women) who benefit from them is always going to be a combination of gathering quantitative and qualitative data. On the qualitative side, staff and volunteers are constantly recording personal stories, case studies and informal interviews at the grassroots to share across the network.

To complement the more qualitative impact measurement, a new Customer Relationship Management system enables staff to capture more details at the point at which Sheds register to join the Association. Also, building on our 2018 national Shed Survey, UKMSA and Men’s Sheds we are working with the University of East Anglia (UEA) to understand more about the intrinsic value of Men’s Sheds and their impact in the community. Researchers will also look at the most appropriate ways of measuring the impact of Sheds on loneliness, mental health and wellbeing. The research also aims to understanding more about how people are introduced to Sheds, and the role of social prescribing referrals.

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Trustees’ Annual Report For The Year Ended 31 March 2021

Capacity release: One route to long term sustainability is the development of self-sustaining regional networks – harnessing and sharing the learning of the ‘experts by experience’ – the Shedders who have set up and run their own Sheds. Peer support is an important element in the development of the UK Men’s Sheds movement which has been readily embraced by a majority of Shedders on the ground. We believe strongly in recruiting and training Shed Ambassadors, Leaders, and Advocates – to support the growth of the national network.

Bottom-up development: Men’s Sheds and members of the Association are autonomous organisations and, while the charity publishes ‘common characteristics’ of Men’s Sheds, all Men’s Sheds are different. UKMSA believes in a ‘bubble-up’ approach to developing Sheds. This provides ownership and a sustainable foundation for Sheds and for them to develop their own character with the skills and interests of would-be shedders and their local community context being paramount. Support and facilitation from UKMSA with its guidance and support is carefully balanced.

Creative solutions to ongoing problems: Finding affordable premises and keeping them is a constant challenge for Men’s Sheds when setting up and/or outgrowing their facilities. We are constantly seeking partnership opportunities that might help address this issue. We are looking to develop a number of opportunities moving forward, particularly with the Railway Heritage Trust and East Midlands Railways. We hope to expand this across all rail networks and other national landlords. A great example of this partnership work is Nairn Shed, located in an old railway station north-west of Aberdeen; this is a fine example of the potential for ‘re-purposing’ such buildings.

At the local level, the creativity of Shedders in addressing issues around premises is also demonstrated by different ways in which they connect Sheds with potential members. In Basingstoke, they’ve converted a double-decker bus to take the ‘shed experience’ into the community, while in Essex ‘The Shed Inside’ model is about enabling shed-type activities in settings that may be less intimidating than a fully equipped workshop.

Partnerships and diversifying support: A key principle of financial sustainability for UKMSA and Sheds is to create a mixed economy of income in order to avoid having an over-dependence on any one source. UKMSA has been successful in attracting support from a growing range of trusts and foundations, as outlined in the financial sections of this report.

As well as putting in place a plan for developing membership income; at the request of Member Sheds, the charity is also initiating and developing existing relationships with commercial partners such as Axminster Tools and Triton Tools, from whom support has been ‘in kind’ as much as direct funding. Such partnerships include discounted supplies for Shed members and donations of prizes for the national challenges UKMSA has thrown down throughout the year. A partnership with Ronseal has also resulted in a raised public profile with co-production of short professionally-produced films featuring Men’s Sheds.

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Trustees’ Annual Report For The Year Ended 31 March 2021

For Sheds at the local level, UKMSA regularly publicises funding sources through the Shoulder to Shoulder bulletin. Shed members also understand the value of soliciting support locally from/through businesses an example of this being a partnership between Silvers Workshop in Reading and their local Asda store. Arguably, the value of ‘gifts in kind’ and their availability is even greater in local communities because closer personal relationships are easier to nurture hands-on. Other Men’s Sheds have not only been Charity of the Year with their local shops, they have continued their relationships for many years after.

UKMSA is continuously investigating opportunities for soliciting online donations – including a direct ask on our website, streamlining gift aid processing, and online retail affiliations that generate income at no cost to the shopper.

Raising our profile and engaging: UKMSA aspires to become a ‘household name’ while recognising that this is ambitious given the relative youth of the Charity. This doesn’t stop staff from spreading the word through social media and mainstream TV channels, an example being the visit of The Repair Shed’s Will Kirk to Hatfield Men’s Shed in Hertfordshire for a daytime BBC TV feature at Christmas 2020. Our high-profile patron Chris Fisher, aka The Blind Woodturner, also has a well targeted following to whom he promotes the value of Men’s Sheds. At the local level, a training programme for volunteer Ambassadors and Advocates will equip them to promote the movement beyond their particular Sheds.

At national and local level, UKMSA works closely with other agencies that research, campaign and support under the umbrella of men’s health and wellbeing, such as the Zero Suicide Alliance and CALM (working to reduce male suicide). Throughout the year, working with initiatives such as Mental Health Awareness Week in May, Men’s Health Week in June, and Movember’s moustache-growing in November, enables outreach at a national level beyond our existing constituency but, importantly, also gives opportunities for Sheds and shedders for publicity, education, fundraising and action in their localities.

Trustees’ Annual Report For The Year Ended 31 March 2021 Shed Numbers

The simplest measure of the success of the Men’s Shed Movement is in the number of Men’s Sheds being developed and opened. At the same time the proportion of these Sheds choosing to be members of UKMSA reflects upon the charity and its central role in developing the movement across the UK. The Trustees are pleased to see not only these numbers increasing but also the proportion of them choosing to become members of UKMSA.

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Known Sheds|Open|In development|Total|UKMSA|Members| |Members|/ Total| |31/03/2015|150|75|225|51|23%| |31/03/2016|300|95|395|68|17%| |31/03/2017|360|85|445|67|15%| |31/03/2018|440|155|595|195|33%| |31/03/2019|500|210|710|275|39%| |31/03/2020|580|143|723|408|56%| |31/03/2021|603|145|748|421|56%| |650| |600| |550| |500| |450| |400| |350| |300| |250| |200| |150| |100| |50| |0|

----- End of picture text -----

From 2015 to 2021 there has been a 302% increase in the number of open Sheds.

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Trustees’ Annual Report For The Year Ended 31 March 2021

Trustee appointments

The Trustees are well aware of the need for a diverse range of skills and experience on the board. Following a skills audit to identify the areas that needed to be strengthened a recruitment process was concluded during the year. The Trustees appointed David Webber as Trustee in March 2021.

David brings a range of important skills to the board which include business development, good governance and financial management.

Reserves policy

The Trustees will aim to hold 4 to 6 months of operational costs in unrestricted reserves as a buffer against any financial setbacks. UKMSA has operated in accordance with this policy throughout the financial year. At the financial year end UKMSA held unrestricted funds of £99,505 and six months operating costs for the year ended 31st March were £81,791.

Activities and events will be planned on a self-financing basis to avoid putting pressure on the unrestricted reserves whenever this objective is not satisfied. When unrestricted reserves exceed required levels the Trustees will consider how best to use any surplus funds to further the objects of the charity.

The restricted reserves represent both received and promised funds which together show that UKMSA has funding for its operations beyond the end of the next financial year.

Investment policy

Short term surplus cash funds are invested in interest bearing UK bank deposit accounts. The Trustees have resolved that deposits should only be made with UK registered and regulated banks and that any deposits should not exceed the £85,000 guaranteed under the Financial Services Compensation Scheme.

Managing Risk

The following principal risks and uncertainties facing the charity have been identified:

to give them the confidence to move on with their lives after bereavement or illness.

The atmosphere here is truly marvellous.”

A daughter’s story

Mum struggled with depression all her life and on Dad’s retirement mum declined into the early onset of Alzheimers. Dad lost all social connections as he focussed on Mum and after five years the time came for Mum to go into residential care.

Feeling alone, for the longest time in his life, Dad eventually plucked up the courage to call Men’s Sheds and has not looked back since. He has found a new purpose in life.

From Men’s Shed he has developed new friends and contacts both at the shed and within the wider community; he even plays Santa for local charities.

I don’t know how my Dad would have got through the stormy times. Dad truly is my hero – I’d like to thank the UK Men’s Shed Association for giving me my Dad back!

Daughter of Shedder, Dalbeattie

Saving lives

Whilst we were still making workbenches, the fourth person to come in to the Shed was John. He was talking and talking and talking. He was in a right state. He kept coming every day we were open and he kept on talking and talking.

The DSS and he had not agreed on his benefits and as a result he was living on £5.20 a day and losing weight but pragmatic where he could be and was even mending his own shoes.

After a couple of months on the way home one day he said he’d had suicidal thoughts before joining the Shed and was very close to ending his life.

For John it was about coming to talk to people who accepted him. John no longer comes to the Shed, he is living a full life with a job, friends & he is happy.’

“My wife has had 8 hours respite from me, I’m going home now to spoil it for her.”

Shed Leader, London Shed

Trustees’ Annual Report For The Year Ended 31 March 2021

Financial Review

Financial performance during the financial year was excellent for UKMSA full details of which are given in the Statement of Financial Activities, Balance Sheet and accompanying notes.

During the year the CIO received further multi-year funding for our Chief Officer and also for the promotion and support of Men’s Sheds.

Income for the year was £311,747 (2020: £80,669) of which £52,751 (2020: £67,669) was unrestricted and £258,996 (2020: £13,000) was restricted. Expenditure on promoting Men’s Sheds was £29,649 (2020: £37,914) and expenditure on supporting Men’s Sheds was £115,053 (2020: £101,513).

For the year employee remuneration represented 63% (2020: 63%) of overheads.

The financial outcome for the year was a surplus of £37,792 (2020: £48,939 surplus) of unrestricted funds and a surplus of £101,493 (2020: £131,853 deficit) of restricted funds. This financial outcome reflects the Trustees following the reserves policy while spending restricted funds in accordance with the terms of various grants.

Financial position

The Trustees are pleased to report the total reserves at the end of the year were £346,294 (2020: £207,009) of which £99,505 (2020: £80,848) were unrestricted and £246,789 (2020, £126,161) were restricted.

The unrestricted reserves represent the saving of prior year surpluses being accumulated to provide a financial buffer in accordance with our reserves policy. The restricted reserves however represent funds, either accounted for or paid to us, that have been provided for future activities.

The Trustees take great care to ensure that grant spending is spread evenly over the period for which the funds have been provided. This is managed by the preparation and monitoring of budgets which are reviewed quarterly by the board.

Approved by the Trustees on 13th October 2021 and signed on their behalf by:

John Latchford

Chairman

18

Independent Examiner’s Report to the Trustees of UK Men’s Sheds Association

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity’s Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5) (b) of the Act.

Independent examiner’s statement

I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

2. the accounts do not accord with those records or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Paul Colcomb FCCA

Wright Vigar Limited

Statutory Auditors and Business Advisors

15 Newland

Lincoln

LN1 1XG

Date: 13th October 2021

19

Statement of Financial Activities (including income and expenditure account)

Year Ended 31 March 2021

Year Ended 31 March 2021
Unrestricted
Notes
Funds
3a,c
£
Income and endowments from:
Donations and legacies
Donations
4
40,110
Grants
5
-
Charitable activities
Membership subscriptions
9,968
Other trading activities
1,284
Investment income
Bank interest
1,389
Total income
52,751
Expenditure on:
Raising funds
7
4,708
Charitable activities:
Promoting Men’s Sheds
7
2,072
Supporting Men’s Sheds
7
8,179
Total expenditure
14,959
Net movement in funds
16
37,792
Reconciliation of funds:
Total funds brought forward
16
80,848
Transfer between funds
(19,135)
Total funds carried forward
99,505
15		 Restricted
Funds
£
-
258,996
-
-
-
258,996
23,052
27,577
106,874
157,503
101,493
126,161
19,135
246,789		 Total
2021
£
40,110
258,996
9,968
1,284
1,389
311,747
27,760
29,649
115,053
172,462
139,285
207,009
346,294		 Total
2020
£
17,149
43,000
10,587
8,244
1,689
80,669
24,156
37,914
101,513
163,583
(82,914)
289,923
207,009

The notes on pages 22 to 36 form part of these financial statements.

20

Balance Sheet - 31 March 2021

Balance Sheet 31 March 2021

Note
Unrestricted
3b,d
£
Fixed assets:
Tangible assets
11
1,150
Investments
12
3
1,153
Current assets:
Debtors
13
14,292
Cash at bank and in hand
94,786
109,078
Liabilities:
Creditors: amounts falling due
within one year
14
(10,726)
Net current assets
98,352
Total net assets
99,505
Funds of the Charity
Restricted income funds
16
-
Unrestricted funds
16
99,505
Total funds
99,505		 Restricted
£
-
-
88,000
162,831
250,831
(4,042)
246,789
246,789
246,789
-
246,789		 2021
£
1,150
3
1,153
102,292
257,617
359,909
(14,768)
345,141
346,294
246,789
99,505
346,294		 2020
£
2,079
2
2,081
31,293
188,445
219,738
(14,810)
204,928
207,009
126,161
80,848
207,009

The Trustees confirm, in accordance with the Charitable Incorporated Organisations (General) Regulations 2012, that at the year end the CIO did not have any outstanding guarantees to third parties nor any debts secured on assets of the CIO.

The financial statements on pages 18 to 36 were approved by the Board of Trustees on 13th October, 2021 and signed on their behalf by:

David P Webber ACA

Treasurer

21

Notes to the Financial Statements - 31 March 2021

1 Charity status

The charity is a Charitable Incorporated Organisation incorporated with the Charity Commission of England and Wales and constitutes a public benefit entity as defined by FRS 102.

2 Accounting Policies

(a) Basis of accounting

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.

Statement of compliance

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 1 January 2020 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 1 January 2020 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Going concern

The Trustees consider that there are no material uncertainties about the UKMSA’s ability to continue as a going concern. There are no material uncertainties affecting the current year’s accounts or carrying value of the assets held by the CIO.

Cash flow statement

The charity has taken advantage of the following exception in preparing these financial statements, as permitted by FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’:

The requirement of Section 7 Statement of Cash Flows.

(b) Fund accounting

Unrestricted funds are those that may be used at the discretion of the Trustees in furtherance of the objects of the charity. The Trustees maintain a single unrestricted fund for day to day expenses.

Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes. During the year the Trustees maintained records for 4 (2020: 3) restricted funds as shown in notes 16 and 17.

22

Notes to the Financial Statements - 31 March 2021

(c) Incoming resources

All incoming resources are recognised when the charity has entitlement to the income, it is probable (more likely than not) that the income will be received and the amount of the income can be measured with sufficient reliability. The following policies are applied to particular categories of income:

Voluntary income is received by way of grants, donations and gifts and is recognised when the CIO is notified of the amount and settlement date. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the CIO becomes entitled to the grant.

Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.

Membership subscriptions which give member Sheds the right to services and other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.

The value of any voluntary help received is not included in the accounts.

Gift Aid

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

(d) Resources expended

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Costs of generating funds comprise the costs associated with attracting voluntary income.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Apportionment of costs

The employment costs and associated expenses of each member of staff have been apportioned over fundraising costs and charitable activities on an average time basis.

Allocation of support costs

Support costs, including leadership and management time, insurance, administration and governance costs have been apportioned between fundraising costs and charitable activities as follows:

Employee management costs are matched to the employees being managed and then apportioned to key activities using the same average time basis used to allocate the employees costs.

Strategic development costs are apportioned equally between the cost of generating funds, membership support and Shed development activities.

Insurance, administration and governance costs have been split 50:50 between the cost of generating funds and charitable activities. The total for these two is then apportioned to reflect the perceived benefit each activity receives from these costs.

Notes to the Financial Statements - 31 March 2021

(e) Employee benefits: Pension commitments

UKMSA employees are automatically enrolled into the National Employment Saving Trust (NEST) workplace pension scheme unless they choose to opt out. The scheme is a defined contribution scheme and the CIO has no liability under the scheme other than for the payment of contributions. At the year end this liability was £nil (2020, £nil). The pension cost charge represents contributions payable by UKMSA to the fund and these amounted to £5,888 (2020, £4,697).

(f) Taxation

HMRC have confirmed recognition of UKMSA as charity for tax purposes in line with Paragraph 1 of Schedule 6 Finance Act 2010 and that for tax purposes UKMSA is a CIO. Accordingly the CIO is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied exclusively to charitable purposes.

(g) Fixed asset investments

Fixed asset investments represent shareholdings in subsidiary companies which are initially shown in the financial statements at cost and subsequently measured at their fair (market) value. The statement of Financial Activities includes the net gains and losses arising on revaluation and disposals.

(h) Tangible fixed assets and depreciation

Tangible fixed assets costing over £50 are capitalised. Fixed assets are disclosed at historical cost less depreciation. A full years depreciation is charged in the year of acquisition. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful economic life, as follows:

IT equipment 3 years, Straight Line Other equipment 3 years, Straight Line

(i) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

(j) Cash and cash equivalents

Cash at bank and in hand is held to meet the day to day running costs of the charity as they fall due. Cash equivalents are short term, highly liquid investments, held in 35 to 60 day notice interest bearing savings accounts.

(k) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

“Men don’t talk face to face, they talk shoulder to shoulder”

Notes to the Financial Statements - 31 March 2021

3 Prior year comparatives by type of fund

The primary statements provide prior year comparatives in total; this note provides, on pages 22 to 25, prior period comparatives for the Statement of Financial Activities and the Balance Sheet for unrestricted and restricted funds.

3a Unrestricted funds: Statement of Financial Activity
3a Unrestricted funds: Statement of Financial Activity
Income and endowments from:
Donations and legacies
Donations individual
Donations corporate
Grants
Charitable activities
Memberships subscriptions
Other trading activities
Investment income
Bank interest
Total income
Expenditure:
Raising funds
Charitable activities:
Promoting Men’s Sheds
Supporting Men’s Sheds
Membership and support
Shed development
Provision of PPE
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Transfer between funds
Total funds carried forward		 2021
£
11,110
29,000
9,968
1,284
1,389
52,751
4,708
2,072
828
1,945
5,406
14,959
37,792
80,848
(19,135)
99,505		 2020
£
7,149
10,000
30,000
10,587
8,244
1,689
67,669
4,245
12,675
724
1,086
18,730
48,939
31,909
80,848

25

Notes to the Financial Statements - 31 March 2021

3b Unrestricted funds: Balance Sheet

3b Unrestricted funds: Balance Sheet
Note
Fixed assets
Tangible assets
11
Investments
12
Current assets
Debtors
13
Cash at bank and in hand
Liabilities:
Creditors: amounts falling due
14
within one year
Net current assets
Total net assets for unrestricted funds
Total unrestricted funds
16		 2021
£
1,150
3
1,153
14,292
94,786
109,078
(10,726)
98,352
99,505
99,505		 2020
£
2,079
2
2,081
770
84,921
85,691
(6,924)
78,767
80,848
80,848

25

Notes to the Financial Statements - 31 March 2021

3c Restricted funds: Statement of Financial Activity
Income and endowments from:
Donations and legacies
Donations
Grants
Charitable activities
Memberships subscriptions
Other trading activities
Investment income
Bank interest
Total income
Expenditure:
Raising funds
Charitable activities:
Promoting Men’s Sheds
Supporting Men’s Sheds
Membership and support
Shed development
Provision of PPE
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Transfer between funds
Total funds carried forward		 2021
£
-
258,996
-
-
-
258,996
23,052
27,577
19,404
45,950
41,520
157,503
101,493
126,161
19,135
246,789		 2020
£
-
13,000
-
-
-
13,000
19,911
25,239
18,388
81,315
-
144,853
(131,853)
258,014
-
126,161

27

Notes to the Financial Statements - 31 March 2021

3d Restricted funds: Balance Sheet

Note
Fixed assets
Tangible assets
Investments
Current assets
Debtors
13
Cash at bank and in hand
Liabilities:
Creditors: amounts falling due
within one year
14
Net current assets
Total net assets for restricted funds
Total restricted funds
16		 2021
£
-
-
-
88,000
162,831
250,831
(4,042)
246,789
246,789
246,789		 2020
£
-
-
-
30,523
103,524
134,047
(7,886)
126,161
126,161
126,161

28

Notes to the Financial Statements - 31 March 2021

4 Donations
The Pears Foundation
Individual donations
Toolstream
DPD Group
Ronseal
5 Grants
The Dulverton Trust
The Rayne Foundation
The Goldsmiths’ Company
National Lottery PPE provision
Tudor Trust
HMRC Job Retention Scheme
Anonymous benefactor
Mens Sheds Cymru		 Unrestricted
Funds
£
-
14,110
3,000
8,000
15,000
40,110
Unrestricted
Funds
£
-
-
-
-
-
-
-
-
-		 Restricted
Funds
£
-
-
-
-
-
-
Restricted
Funds
£
56,000
40,000
-
41,520
62,000
2,413
45,480
11,583
258,996		 Total
2021
£
-
14,110
-
3,000
8,000
15,000
40,110
Total
2021
£
56,000
40,000
-
41,520
62,000
2,413
45,480
11,583
258,996		 Total
2020
£
10,000
7,149
-
-
-
17,149
Total
2020
£
30,000
10,000
3,000
-
-
-
-
-
43,000

6 Volunteers

A team of volunteer ambassadors assist the National Shed Development Manager to deliver support and advice to new groups wishing to start a Men’s Shed and to established Men’s Sheds needing help or experiencing difficulty. These ambassadors have been recruited from other successful Sheds across the UK and given appropriate training.

They make a valuable and significant contribution to UKMSA and the Men’s Shed movement in the UK. However due to the absence of any reliable measurement basis, and in accordance with the SORP, the financial contribution of these volunteers cannot be recognised in these accounts.

29

Notes to the Financial Statements - 31 March 2021

7 Expenditure
Raising funds:
Grant management
Membership administration
Charitable activities:
Promoting Men’s Sheds
Digital communication
Networking and events
Supporting Men’s Sheds
Membership and support
Shed development
Provision of PPE
Total expenditure
Comparative Expenditure
Raising funds:
Grant management
Membership administration
Charitable activities:
Promoting Men’s Sheds
Digital communication
Networking and events
Supporting Men’s Sheds
Membership and support
Shed development
ShedFest conference
Total expenditure		 Direct
costs
£
13,828
9,790
26,857
-
19,044
46,293
46,926
162,738
Direct
costs
£
8,299
8,230
18,860
15,096
13,305
57,667
17,950
139,407		 Support
costs
£
3,314
828
775
2,017
1,188
1,602
-
9,724
Support
costs
£
5,978
1,649
1,667
2,291
5,807
6,191
593
24,176		 Total
2021
£
17,142
10,618
27,632
2,017
20,232
47,895
46,926
172,462		 Total
2020
£
14,277
9,879
20,527
17,387
19,112
82,401
-
163,583
Total
2020
£
14,277
9,879
20,527
17,387
19,112
63,858
18,543
163,583

As the ShedFest conference is part of Shed Development and was a virtual event in 2020 the costs have been consolidated in the current year.

30

Notes to the Financial Statements - 31 March 2021

8 Related Party Transactions: Trustee expenses

No remuneration or benefits were paid to any Trustee or connected persons during the year (2020, £Nil).

Trustee expenses of £Nil (2020, £5,845) were either reimbursed or paid directly during the year. These expenses were mostly travel and accommodation costs with some small claims for postage and telephone calls.

During the year no Trustees (2020, 9 Trustees) claimed expenses and/or had their expenses met directly by the CIO. All Trustee expenses were properly incurred in the performance of the Trustees’ duties on behalf of the CIO.

There were no other related party transactions during the year (2020, none).

9 Employees

The average number of employees during the year was 5 (2020, 4). No employee receives emoluments of more than £60,000 (2020, no employee).

Staff costs
Salaries
Social security costs
Pension contributions
Remuneration of key management personnel
The cost of the Chief Officer’s remuneration and benefits were:
Salary
Social security costs
Pension contributions		 2021
£
97,295
4,976
5,888
108,159
27,000
2,514
1,350
30,864		 2020
£
93,317
5,567
4,697
103,581
27,000
2,535
1,350
30,885

10 Independent Examiner’s Fee

The independent Examiner’s fee of £1,590 (2020, £1,250) relates solely to the independent examination of the CIO’s financial statements with no other services being provided.

31

Notes to the Financial Statements - 31 March 2021

11 Tangible fixed assets
Cost
At 1 April 2020
Additions
At 31 March 2021
Depreciation
At 1 April 2020
Charge for year
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
12 Investments
Unlisted investments
At 1 April 2020
Additions at cost
At 31 March 2021		 IT
equipment
£
4,789
393
5,182
2,830
1,202
4,032
1,150
1,959		 Other
equipment
£
456
-
456
336
120
456
-
120
Total
2021
£
2
1
3		 Total
£
5,245
393
5,638
3,166
1,322
4,488
1,150
2,079
Total
2020
£
2
-
2

The investments represent 100% of the ordinary share capital in the following dormant subsidiary companies all registered in England.

Date of Company
Incorporation Number
Men’s Sheds Limited 13 March 2019 11879439
UK Men’s Sheds Limited 18 March 2019 11889240
ShedFest Limited 10 December 2020 13074874

32

Notes to the Financial Statements - 31 March 2021

13 Debtors

13 Debtors
Gift aid
Grants
Prepayments and accrued income
Other debtors		 Total
2021
£
577
88,000
715
13,000
102,292		 Total
2020
£
226
30,523
534
10
31,293

Included in Grant debtors is an amount of £nil (2020 £Nil) falling due after more than one year.

14 Creditors

14 Creditors
Trade creditors
Other taxation and social security (PAYE liabilities)
Accruals and deferred income
Other creditors		 Total
2021
£
200
2,776
10,723
1,069
14,768		 Total
2020
£
600
1,728
6,293
6,189
14,810

Included in accruals and deferred income are membership subscriptions of £5,132 (2020, £5,043) which have accrued benefits past the year end.

33

Notes to the Financial Statements - 31 March 2021

15 Restricted Funds

The CIO has 4 restricted funds (2020, 3).

Leadership and management fund

This fund is for the salary costs of the Chief Officer of the CIO.

It is currently funded by the Tudor Trust who in October 2020 granted a further £60,000. This grant is outstanding as a debtor as at the year end.

Communication fund

This fund is for the core communication cost of the CIO primarily being the salary cost of the Digital Communications Officer.

In June 2019 the Dulverton Trust granted UKMSA £30,000 towards core costs and this was accounted for as an unrestricted fund. As at 31st March 2020 £19,139 of this funding was unspent. It was always the intention of the Dulverton Trust that this grant be used for communication costs and during the financial year the Dulverton Trust provided a further grant of £56,000 which was made explicitly for core costs communications. UKMSA has thereby transferred the £19,139 of unspent funds from the last financial year into a new restricted fund this year as this reflects the intention of the parties. The £56,000 grant is payable in two equal instalments of grant fund. £28,000 was received by the financial year end and £28,000 is outstanding as a debtor as at the year end.

Shed development fund

This fund is for the salary costs of the National Shed Development Manager, the Volunteer and Community Development Manager and the associated costs of running a Shed Ambassador programme.

In October 2020 The Rayne Foundation granted £40,000 towards this fund specifically to meet the salary costs of the National Shed Development Manager.

In February 2021 an anonymous donor granted the CIO £45,480 as part of a three-year funding program. Further grants may be forthcoming in future accounting periods dependent on the CIO meeting specific growth targets for Shed Development, geographical reach and Volunteer Ambassador numbers.

During the financial year the National Lottery granted funding of £41,520 for Personal Protection Equipment provision to Sheds and this grant and associated PPE costs are disclosed in notes 5 and 7 above.

Membership and support fund

This fund is for the salary and associated costs of the Membership and Support Officer.

It is currently funded by the Mercers’ Company who in October 2018 awarded the CIO a grant of £99,273 payable in 3 instalments of £39,000 due on 01/12/2018, £29,750 due on 01/12/2019 and £30,523 due on 01/12/2020. Included in the first instalment was a £9,750 contribution towards a CRM system.

“It saved my sanity, my life and my marriage”

Notes to the Financial Statements - 31 March 2021

16 Movement in funds
Unrestricted funds
Restricted funds
Leadership and management
Communication
Shed development
Membership and support
Total restricted funds
Total funds
Comparative movement in funds
Unrestricted funds
Restricted funds
Leadership and management
Shed development
Membership and support
Total restricted funds
Total funds		 At
01/04/2020
£
80,848
32,162
-
44,243
49,756
126,161
207,009
At
01/04/2019
£
31,909
59,998
108,332
89,684
258,014
289,923		 Net movement
in funds
£
37,792
34,839
31,813
62,099
(27,258)
101,493
139,285
Net movement
in funds
£
48,939
(27,836)
(64,089)
(39,928)
(131,853)
(82,914)		 Transfer
between funds
£
(19,135)
-
19,135
-
-
19,135
-
Transfer
between funds
£
-
-
-
-
-
-		 At
31/03/2021
£
99,505
67,001
50,948
106,342
22,498
246,789
346,294
At
31/03/2020
£
80,848
32,162
44,243
49,756
126,161
207,009

35

Notes to the Financial Statements - 31 March 2021

17 Net movement in funds 2020/21

17 Net movement in funds 2020/21
Unrestricted funds
Restricted funds
Leadership and management
Communication
Shed development
Membership and support
Total restricted funds
Total funds
Comparative net movement in funds 2019/20
Unrestricted funds
Restricted funds
Leadership and management
Shed development
Membership and support
Total restricted funds
Total funds		 Incoming
resources
£
52,751
60,000
56,000
140,583
2,413
258,996
311,747
Incoming
resources
£
67,669
3,000
10,000
-
13,000
80,669		 Outgoing
resources
£
(34,094)
(25,161)
(5,052)
(78,484)
(29,671)
(138,368)
(172,462)
Outgoing
resources
£
(18,730)
(30,836)
(74,089)
(39,928)
(144,853)
(163,583)		 Movement
in funds
£
18,657
34,839
50,948
62,099
(27,258)
120,628
139,285
Movement
in funds
£
48,939
(27,836)
(64,089)
(39,928)
(131,853)
(82,914)

36

Notes

Thank you

The United Kingdom Men’s Sheds Association would like to thank all of our supporters, partners, sponsors, donors and grant making bodies for their continued support.

Through your support Men’s Sheds are transforming lives, adding years to life and a quality of life to years.

“My wife has had 8 hours respite from me, I’m going home now to spoil it for her.”

I'l

© UK Men’s Sheds Association 2021

Henleaze House, 13 Harbury Road, Henleaze, BS9 4PN

Tel: 0300 772 9626 Website: www.menssheds.org.uk Email admin@ukmsa.org.uk

Registered Charity No. 1162409