REGISTERED CIO NUMBER: CE007610 (England and Wales) REGISTERED CHARITY NUMBER: 1167802 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2024 for The Cart Shed Charty CIO The Cart Shed Charity CIO Contents of the Financial Statements for the Year Ended 31 December 2024 Page Reference and Administrative Details Report of the Trustees 2to7 Independent Examiner's Report Statement of Financial Activities Balance Sheet Cash Flow Statement and Notes 11 Notes to the Financial Statements 12to20 The Cart Shed Charity CIO Reference and Administrative Details for the Year Ended 31 December 2024 TRUSTEES A J Davies Dr C Goldsmith D S Hunt (Chairman from 07103124) B Jackson Dr R Penney N Snell A Wrixon P M P Wrixon (Chairman to 07103124) REGISTERED OFFICE Devereux Wootton Norton Canon Herefordshire HR4 8QN REGISTERED CIO NUMBER CE007610 {England and Wales) REGISTERED CHARITY NUMBER 1167802 INDEPENDENT EXAMINER R J Francis & Co Marshall Business Centre Faraday Road Hereford Herefordshire HR4 9NS Page 1 The Cart Shed Charity CIO Report of the Trustees for the Year Ended 31 December 2024 The trustees present their ￿port with the financial statements of the charTty for the year ended 31 De￿rnber 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial ststements and comply the charity's constitut50n, 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 IFRS 102) (effective 1 January 2019}'. OBJECTIVES AND ACTIVITIES ObJe¢tives and aims To promote soctal inclusion for the public benefit in Herefordshire, the West Midlands and Wales and the surrounding area by preventing people from becoming socially excluded, relieving the needs of those people who are soaalty exduded and assisting them to integrate into society. For the purpose of this clause 'socially exduded, means being exduded from society. or patts of society as a result of one or more of the following factors.. unemployment,. finanaal hardship." youth or old age- ill health (physical or mentall., substance abuse or dependency including alcohol and drugs- discTimination on the grounds of sex, ra￿, disability. ethnic origin, religion, belief, creed, sexual orientation or gender re assignmen( poor educational or skills attainment., relationship and family breakdown- poor housing {housing that does not meet basic habitable standardsl- crime (either as a victim of crime or as an offender rehabilitating into society}. To promote for the benefit of the inhabitants of Herefordshire, the West Midlands and Wales and the surrounding area the provision of facilities for recreation or other leisure time occupation of indiwduals who have need of such facilities by reason of their youth, age, infimiity or disablement, financial hardship or soaal and economic arcumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants. Public benefrt In drafting this report, the trustees have complied with the duty in Section 4 of the Charib'es Act, to have due regard to public benefft guidance published by the Charity Commission. The Cart Shed was awarded The Queen's Award for Volunteering on June 2nd 2017. Known as the MBE for voluntary organisations. this accolade was awarded because of the significant impact The Cart Shed has on the individuals who attend sessions.. Transforming lives in Hereford by offering skills, friendship and a futu￿ to those in mental or physical distress. The Cart Shed offers opportunities to try something new and improve well-being- to find friendships and a pla￿ of calm in a supporting. natural enwronment. Based in Herefordshire our woodlands lend themselves to enabling individuals to overcome and a￿pt episodes in their lives they find difficult to live wth-, whether as a result of the loss of a partner or close fiiend, difficutt working condib"ons, or poor health. We work with individuals of all backgrounds, lifting label$ and minimising stigma. There are no walls, badged health professionals or waiting rooms. Page 2 The Cart Shed Charity CIO Report ofthe Trustees for the Year Ended 31 De￿mber 2024 STRATEGIC REPORT ACHIEVEMENT AND PERFORMANCE The Lloyds Bank Foundation The last of the Lloyds Bank Foundation grant which included business support, enabled us to fvlly embed the new systems their business support enabled. This included.. The creation of a more effective mechanism to ensure we are reflecting our participant voice in all we do and all we plan to do. Training for all staff and volunteers on our updated Data Protection Policy and pr0￿dUreS. The annual ￿VIeW of the Business Plan, Marketing Strategy and fijndraising plan. The Lloyds Bank Foundation business and organisational support has proved to be invaluable. JMDW Trust Funding to support the development of Cart Shed programmes for three years came to an end in August culminating wrth a complete review of Serv[￿5. Programmes are now defined as follows.. Woodland Wellbeing- for adults with significant mental health challenges that enable them to access Social Care funding to support attendan￿. Woodland Conne¢tion- for adults wth a high level of need who do not meet the threshold for Social Care nding. Resilience- for adults over the age of 19 who are able to engage in a community learning programme with outputs and outcomes defined by the course Different not Less- for parents of aut.stic children of any age Young Gart Shed- Three programmes for young people aged 10- 25 Being AutisticlBeing ADHD- for people ¥Mth a diagnosis of, awaiting diagnosis or have self4iagnosed as AutistsdADHD orASDIADHD Young Cart Shed Programmo The Poli￿ and Crime Commissioner along Herefordshire Council and West Mercia Poli￿, through their Safer Comrnunities Fund. funded 80¥0 of our Young Cart Shed programme and enabled the introduction of a younger age group.. those aged 10-13 years. The focus for the whole the programme is around vulnerability. The Cart Shed's project is based on the vulnerabilities of young people who are autistic. Although The Cart Shed is not an Autistic service, 90¥0 of young Cart Shed participants are autistic or are awaittng diagnosis. It is dear that a significant percentage of those we work with are at an increased level of vulnerability as a result of being autistic as their behaviours are more likely to cause concem and disruption. which can become increasingly problematic as they begin to get older and reach adulthood. Mternatively, their trusting nattjre, literal understanding of what they are told expose5 them to a greater risk of exploitation and ￿er¢lon and various forms of abuse. Too often behaviours at school or in public spa￿$ are seen as bad, aggresstve or antisocial. These behaviours can develop and lead to social exclusion, criminal activity or complete mistrust of the individual or the individuals mistrust of 'authorty' as they reach adulthood. Reframing behaviours, understanding why children and young people are reacting as they are to the enmronments is key to enabling educators and other officials to address adaptstions that will make a significant difference to the development of the child or young person and their future. There is significant under4iagnosis of autism in Herefordshire _ 0.40/0 of the population, compared to the national average of 1.2 %. Page 3 The Cart Shed Charty CIO Report of the Trustees for the Year Ended 31 De￿mber 2024 STRATEGIC REPORT ACHIEVEMENT AND PERFORMANCE (continued) Young Cart Shed Programme (continued> As a result of late or no diagnosis, many young people a￿ unable to attend school aftd are being educated at home by a parent (often even this is not possible), which increases isolation, levels of anxiety and exdusion and has significant negative impact on the family as eaming capacity is often reduced or lost, adding financial hardship to an already difficult scenario. Office extension With the growth of the Charity, it became clear that we needed a separate meeting room for groups of three or more. We were able to source funding from a number of funders to enable an extension to be commissioned. The foundations were poured in November 2024 and the modular extension ordered. Delivery and erection is scheduled for February 2025. Carbon Ilteracy: reducing emissions Herefordshire Council's Community Infrastrudure Grant programme, along with contributions from The Clive Richards Foundation and private funders enabled the installation of solar panels and storage battery 3s part of a project to increase office capacity and reduce our environmental impact. The panels were installed and commissioned in November 2024. Installation of potable vnter sin￿ the creation of the woodland sites, staff have had to fill numerous water containers on a daily basis to provide potable water for drinking and cooking in the woods. Thanks to a grant from The Rowlands Trust, we were able to install over 800m of waterpipe and provide running water to all four sites taking a significant time overhead out of the week. Sensory equipment Whilst we are not a chartty for autistic people, a significant number of people who attend are autistic or are autis*"c and have ADHD. In Young Cart Shed around this is around 90°A, the adult programmes approximately 20¥0 {national average is 1-20/0). Having realised that several participants were struggling with sensory overload. we obtained funding from a number ofsources to pay for sensory equipment such as gazing nets, long4rop swings, a tree house. hammocks and monkey bars. Those who are experiencing profound challenges with their mental health also benefit from being able to quietly self-soothe in the peace of the woodland. Othor matters The fijnding landscape is becoming increasingly challenging, with a greater number of bids being turned down than in previous years. This appears to be based on the demand for funding as opposed to applications not being appropriate and is seen across the sector. To counter this, the Business Development Manager and CEO are committing significant resources to developing partnerships wtth other organisations and applying for funding from a greater number of trusts and funds. Impact and efficacy In 2024 we worked with 230 parbapants on our weekly therapeutic sessions. In addition to this we also woJ1(ed with several schools to offer sessions in the woods and over the holiday periods also provided children's activity session5 known as Escape to the Woods. Page 4 The Cart Shed Charity CIO Report of the Trustees for the Year Ended 31 De￿mber 2024 STRATEGIC REPORT ACHIEVEMENT AND PERFORMANCE (continued) lrnpact and efficacy continued Our core programmes delivered 3,598 participant sessions where people received 16,108 hours of direct support. In addition to direcl support, the staff are spending a greater proportion of their time supporting participants to a￿$$ other help and guidance. This is due to services, particularly statulory services, being cut or redu￿d. The cost and time impact is adding significantly to the administrative burden. In 2024 it amounted to around 27 hours per week and involves staff at all levels of the organisation. Plant Fair Our annual Plant Fair was another huge success increasing knowledge and understanding of The Cart Shed, our work and the opportunities available. It is also an enjoyable community event attracting 1,200 visitors from Herefordshire and our surrounding counties. Human Resources Board of Trustees Patrick Wrixon stepped down as the Chair of the Charity in March 2024, but remains as a Trustee. Patrick was succeeded as Chair by David Hunt who has been a Trustee Sin￿ 2020. We will continue to seek new Trustees as part of the tharity's succession planning pro￿sS. Employees The charity employs a Chief Executive Officer, A Business Development Manager a Clinical Lead, four Occupational Therapists, a Mental Health Nurse, an Art Therapist, one Training Manager, three Senior Tutors, an Outdoor Teaching and Health Assistant, a Financial Administrator, a Finance Assistant, an offi￿ Administrator, a Sites maintenan￿ Worker and a Cleaner. All positions are part-time except that of CEO, Training Manager and Business Development Manager amounting to the full time equivalent of 8.6 members of staff. We maintain a bank of tutors and support staff to cover leave and CPD days. In addition to this, specialist tutors are employed to deliver specific courses,. First Aid and Food Safety. Volunteers Volunteers are the lifeblood of the charity. There are currently 68 active volunteers, who complete the team ffrustees, fundraisers and regular volunteers supporting aclivilies in the woods). Volunteer tasks are defined thus= Trustees- responsible for governan￿, due diligence and safe running of the charity- Fundraising Committee - who stage fundraising events through the year, including the successful Plant Fair. Woodland volunteers- approximately 50 regularfy volunteer their time in support of The Cart Shed as follows: Drivers- a team that take our minibuses to the market towns of Hereford, Leominster and Kington to collect participants, enabling them to attend sessions and increasing our aC￿Ssibl11ty. Herefordshire is the 4th most rural County in England with half the population living in our dispersed rural communities. Cooks- we provide a hot nutritious lunch which has been cooked in our woodland kitchens. This ensures all participants have access to a healthy and sustaining meal and other refreshments durlng the day. It helps build a sense of community, wellbeing and connection. Support Tutors- a team of people who have a range of skills that they share with participants enabling them to complete their projects effectively and safely. Page 5 The Cart Shed Charity CIO Report of the Truslees for the Year Ended 31 December 2024 Volunteers continued Site support- a team of volunteers who help lo maintsin the woodland structures and equipment. Polytunnel volunteers- a team of volunteers who maintain the horticultural site and ensure fresh produce is available through the summer and autumn months for the soup that volunteer cooks make. FINANCIAL REVIEW Resepdes policy The Board reviewed its reseNes policy in October 2024 and adopted the updated policy at the Board meeting on 18 November 2024 as follows.. Due to the nature of the organisation and the regular review of the budget, this policy will be reviewed on an annual basis to ensure that the continuity element matches ¢hanges to the annual budget and the restructuring element matches the requirements of trading activities. The cyclical maintenance element moves forward in at least an inflationary manner The dissolution element matches the requirements of the stsffing levels Designaled funds are updated based on projects completed and new projects identified Continuity Fund - This fund is to be used lo bridge any possible delays in receiving promised grants or managing payment in arrears contracts. This has been defined as a minimum of a three months, budgeted trading activity- Cyclical Maintenance Fund - This fvnd is to be used for major items of maintenance of the fabric of Ihe buildings such as redecorating the interior and exteriors. Dissolution Fund - This fund provides for the costs of dissolution should the charity be unable to continue. It is only to be used in the event of the Trustees. deciding the charity should cease to exist. It will be used lo pay notice periods, redundancies and the expenses of running the Cart Shed until closure of the organisation. Reloc2tion Fund - This fund provides for the costs of relo(ating the activities of the charity to a new location. Designated Fund - Specific projects Other designated funds - funds whith have been allocated lo a specific activity or project FUND Fixed Assets Continuity Cyclical Maintenan Dissolution Relocation Designatad projects IT equipment repla￿Ment- £25,000 Minibus repla￿Ment- £50,000 Other- Longueville for Young Cart Shed TOTAL AMOUNT £140,000 £125,000 £15,000 £40,000 £100,000 £75,000 £87,000 £582,000 FUTURE PLANS Urban Cart Shed This idea remains an ambition. There are several problems operaling a facilty from a very rural location that need to be addressed: Transporting people on and off stte- the difficulties of maintaining the working environment in cold, wet winters- increasing accessibility to our service for those with additional needs or declining heallh. To meet these needs, we continue to explore options to develop an urban centre in Leominster thal would enable us to continue to operate outdoors, but with easier access to the facility, reducing the need for transport and increasing opportunities to offer shorter courses or activities at different times of the day, particularly for young people still at school. We would hope to do this in partnership with other local mental health charlties. Page 6 The Cart Shed Charity CIO Report of the Trustees for the Year Ended 31 December 2024 FUTURE PLANS continued Young Cart Shed - a key priority for development The success ofyoung Cart Shed and the posibve impact we are seeing in the lives of the young people we support has been oveDNhelming. Schools and families are reporting significant changes in engagement We get regular feedback from parents. teachers and young people themselves on how their distressing behaviours have reduced or disappeared as a result of the adaptations made in school andlor home following our advice and support. Young people report how much happier they feel. Our abilty to develop and deliver programmes designed to support parents (the Cart Shed's adult programmes} and their children {Young Cart Shed) ensures that we can take a whole family approach. As a result, the Board have prioritised the development of programmes that support young people and families. Early intervention is the most effective way to prevent life-long poor mental health, isolation and social exclusion. The ambttson to develop Young Cart Shed is in line with our charitable objectives. strategy and business plan. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity. which is a Charitable Incorporated Organisation. is govemed by its Constitution dated 10th February 2016. Oryanisational structure The Cart Shed Charity is administered by a Board of Trustees. The Chair David Hunt, along with the Board ofTruste8s. meet four times a year, primarily to review matters of governance. finance. stafF and strategy. The Board is actively seeking new trustees with specific skills in and knowledge of mental health and milrtary veteran requirements. Report of the Trustees, incorporating a strategic report, approved by order of the Board of Trustees and signed on its behalf by.. avid Hunt- Trustee 5th June 2025 Page 7 Independent Examiner's Report to the Trustees of The Cart Shed Charity CIO Independent examiner's report to the trustses of The Cart Shed Charity CIO I report to the charty trustees on my examination of the accounts of the company for the year ended 31 De￿rnber 2024. R¢sponsibllities and basls of report As the charity's trustees of the company land also its directors for the purposes of company law} you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Companies Act 20061'the 20￿ Act,). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the ChaTtt(es Act 2011 ('the 2011 Acfl. In carrying out my examination I have followed the directions given by the Charity Commission under section 145{5) (bl of the 2011 Act Independent examiners statement sin￿ your charity's gross income ex￿eded £250.000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe.. Accounting records were not kept in respect of the company as required by Section 386 ofthe 2006 Act,. or The accounts do not accord with those records; or 3. The accounts do not comply with the accounting ￿qUirements of section 396 ofthe 2006 Act olher than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination., or The accounts have Not been prepared in accordance with the methods and principles of the statement of recommended practice for accounting and reporbng by charib.es (applicable to charibes preparing their accounts in accordan￿ with the Financial Reporting Standards applicable in the Uk and Republic of Ireland IFRS 102)). I have no cOn￿rnS 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. MrAndrew Houston FCA The Institute of Chartered Accountants in England and Wales For and on behalf of. R J Francis & Co Marshall Business Centre Faraday Road Hereford Herefordshire HR4 9NS Date.. 3rd June 2025 Page 8 The Cart Shed Charity CIO ststement of Financial Activities for the Year Ended 31 De￿mber 2024 Unrestricted Restricted 2024 Total Funds 2023 Total Funds Funds Funds Notes Income Donations & legacies Charitable actiwt'es Other trading actimties Investrnent income 124,771 152,664 22,635 13,749 55,835 257,933 180,606 410,597 22,835 13.749 237,187 237,193 17,286 4.419 Total 313,819 313,788 627,587 496,085 Expenditure on Raising Funds Charitable Activities 4,330 242.853 4,330 500,496 5,752 430,871 257,643 Total 247.183 257,643 504,826 436,623 Net Income Transfers between funds 66,636 56,125 122,761 59,462 17a Net movement in funds 66,636 56,125 122.761 59,462 Reconciliation of funds Total funds brought fonmard 17a 594,065 594.065 534,603 Total funds carried forward 17a 660.701 56,125 716,826 594,065 The notes fomi part of these finanaal statements Page 9 The Cart Shed Charity CIO Balance Sheet 31 De￿mber 2024 Unrestricted Restricted 2024 Total Funds 2023 Funds Funds Total Funds Notes Fixed Assets Tangible assets 12 140,396 140,3S 128,614 Current Assets Debtors Cash at bank 13 14 16.951 543,390 560,341 52,122 11,299 63,421 69,073 554,689 823,762 38,321 522,301 560,622 Creditors Amounts falling due wthin one year 15 40,036 7,296 47,332 95,171 Net Culrent Assets 520 305 56,125 576,430 465.451 Totsl Assets less CuThent Liabilities 660.701 56,125 716.826 594,065 Net Assets 660,701 56,125 718,826 594,065 Funds Unrestricted ￿ndS General fijnds Designated bjnds 17 78,701 582,000 472,827 121.238 Reslricted ftjnds 56,125 Total Funds 716.826 594.065 The financial statements were approved by the Board of Trustees and authorised for issue on 5th June 2025 and were signed on its behalf by.. D S Hunt- Chair The notes form part of these financial ststements Page 10 The Cart Shed Charity CIO Cash Flow Statement For the Year Ended 31 De￿mber 2024 Notes 2024 2023 Cash flows from operating activities Cash generated from operations 50,317 118574 Cash flows from investing activities Purchase of tangible fixed assets Interest receiwj 131,678) 13.749 {22.463) 4.419 Net cash used in investing activities 17.929 18.044 Change in cash and cash equivalents in the reporting year 32.388 100,530 Cash and cash equivalents at the beginning of the reporting year 522,301 421.771 Cash and cash equivalents at the end of the reporting year 554,689 522,301 A. Reconciliation of net incomel{expenditure) to net cash flow from operating activities 2024 2023 Net income for the year (as per the Ststement of Financial Activities) Adjustments for. Depreciation charges Loss on disposal of fixed assets Interest re￿iVed (Increaselldecrease in debtor5 Increase {decrease) in creditors 122,761 59.462 19,836 61 (13,7491 (30,7521 47,840 23,116 7,640 (4,418) 16.743 16,031 50,317 118,574 B. Analysis of changes in net funds At 01.01.24 At 31.12.24 Cash flow Net cash Cash at bank 522.301 32,388 554,689 The notes form part of these financial statements Page 11 The Cart Shed Charity CIO Notes to the Financial Statements for the Year Ended 31 December 2024 Accounting Poll¢les Basis of preparing the financial statements The financi￿ statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the charity's constitution, the Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019), and the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice appli(xble to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK ar￿ Republic of Ireland {FRS 1021 (effective 1 January 20191,. The financial statsments have been Pfepared under the historical cost convenkn'on. Income All income is recognised in the Statement of Financial Activities On￿ the Charity has entitlement to the fvnds, it is probable that the income will be received and the amount can be measured reliably. If income is subject to performance- related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liabilty and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognibon are met Expenditure Liabilities are ￿CogniSed as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been alli)cated to activities on a basis consistent with the use of resour￿5. Tangible fixèd assets Depreciation is provided at the following annual rates in order to write off each asset over its estimate usefijl life. Office Course a(xomrnodation Motor vehicles Computer equiprngnt 1 Oyo on cost 20Q/o on cost 33 /0 on reducing balan 33QA on reducing balance Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance wth the charitable objectives at the discretion ofthe trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when spectfied by the donor or when funds are raised for parb"cular reslricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financtal statements. Designated funds Designated ￿ndS are eamiarked fomally by the Trustses for a particular purpose and can be fomially undesignated at their discretion. The notes fomi part of these financial statements continued... Page 12 The Cart Shed Charity CIO Notes to the Financial Statements - continued for the Year Ended 31 December 2024 Total Funds 2024 Total Funds 2023 2. Income from donations & legacies Unrestricted 2024 Restricted 2024 Donations from individuals Donations from trusts & companies 37,939 86.832 8,964 46,871 46,903 133.703 66,804 170,583 124,771 55,835 180,606 237,187 Total Funds 2024 Total Funds 2023 3. Income from charitable activities Unrestricted 2024 Restricted 2024 Course income from trusts & companies Course income from individuals 143,594 9,070 257.933 401,527 227,564 9,629 152,664 257,933 410,597 237.193 Total Funds 2024 Total Funds 2023 4. Income from trading activities Unrestricted 2024 Restrtcted 2024 Plant Fair entrance fees Plant Fair exhibitor fees Plant Fair refreshments & product sales Plant Fair sponsorship other 9,069 2,770 7,705 1,000 2,091 9,069 2,770 7,705 1,000 2,091 7.507 1,878 6,267 800 834 22.635 22,635 17,286 5. Income from investmgnts 2024 2023 Interest re￿Ivable 13,749 4,419 6. Expenditure on raising funds 2024 2023 Plant Fair expenditure 4,330 5,752 continued... Page 13 The Cart Shed Charity CIO Notes to the Financial Statements- continued for the Year Ended 31 Detsmber 2024 7. Expenditure on charitable activities Direct staff Costs 2024 other direct Costs 2024 Support Costs 2024 Total Costs 2024 Totsl Costs 2023 Programme: AutismlADHD Moving Forwards Resilience Wellbeing Young Cart Shed 14.998 10,713 53,562 70,704 64,276 6,649 4.749 23,745 31,343 28,494 13,388 9,563 47.816 63,117 35.035 25.025 125,123 165,164 150 149 51.705 60.322 60.322 155,114 103408 214,253 94,980 191,263 500,496 430,871 Financ£, admin & Management staff 8. Support costs" GoveTnance Propety & central costs Totsl costs Total costs Costs 2024 2023 Autism/ADHD Moving Forwards Resilience Wellbeing Young Cart Shed 77 55 275 363 330 9.655 6.897 34,484 45,519 41,381 3,656 2,611 13,057 17,235 15,668 13.388 9,563 47,816 63,117 57,379 21,285 24,833 24,833 63,855 42,570 1,100 137,935 52,228 191,263 177,376 The annual plant fairis organised by our volunteerlundraising team Support costs are allocated to activities based on the number of days spent delivering each activity in our annual course programme. Governance costs include accountancy costs for independent examination. Finance, admin & management staff includes all staff not involved in direct delivery of courses or site development. Propety & central costs include all costs of running the office, IT equipment and services. professional fees, insurances & depreciation of fixed assets. 9. Trustees. Rernuneration and Benefits There were no trustees. remuneration or other benefits or trustees, expenses for the year ended 31 December 2024 nor for the year ended 31 December 2023. Related Party transactions are disclosed in Note 18. 10. Staff Costs 2024 2023 Salaries Employerfs Nl contributions Employeffs Pension contributions 316,873 22,717 5.409 287,445 20,811 4,919 344,999 312,975 continued... Page 14 The Cart Shed Charity CIO Notes to the Financial Statements- continued for the Year Ended 31 De￿mber 2024 10. Staff Costs continued The average monthly number of employees {FTE) durtng the yearwas as follows: Headcount 2024 26 FTE 2024 Headcount 2023 21 FTE 2023 Course delivery stsff Support staff No employees ￿￿1Ved emoluments in exce55 of £60,000. 11. Comparatives for the statement of financial aetivities {2023) Unrestricted Funds Restricted Funds Totsl Funds Income Donations & legacies Charitable activities Other trading actiwties Investment income Total 234,095 226,391 17,286 4,419 482,191 3,092 10,802 237.187 237.193 17,286 4,419 496,085 13,894 Expenditure on Raising Funds Charitable Activities Totsl 5,752 421,888 427,640 5,752 430.871 436.623 8,983 8,983 Net Income Transfers between funds 54,551 4,911 4,911 4,911 59.462 Net mov•ment in funds 59,462 59.462 Rgconciliation of funds Total ￿ndS brought forward 534,603 534,603 Tolal funds carried fonmard 594,065 594,065 continued... Page 15 The Cart Shed Charity CIO Notes to the Financial Ststements- continued for the Year Ended 31 December 2024 12. Tangible Fixed Assets Office and Store Course Accommodation Motor Vehides Totals COST At 1 January 2024 Additions Disposals 131,126 31.678 21,597 30.300 183,023 31,678 At 31 D￿mber 2024 162,804 21,597 214.701 DEPRECIATION At 1 January 2024 Charge for year Disposals 27,321 13,091 4,319 4,320 22.769 2.485 54,409 19.896 At 31 December 2024 40.412 8,639 25.254 74.305 NET BOOK VALUE At 31 De￿mber 2024 122,392 12,958 5.046 140,396 At 31 December 2023 103,805 17,278 7.531 128,614 13. Debtors: arnounts falling due within one year 2024 2023 Debtors Accrued income Prepayments 4,481 59,388 5,204 23,750 11,760 2,791 69,073 38,321 14. Cash at bank 2024 2023 Current account CAF United Trust Bank Bath Building Society Redwood Bank Saffron Building Society Petty cash 226,718 10,616 90,786 85,000 85,000 55,000 1,569 254,360 10,616 87,325 85,000 85,000 Total 554,689 522,301 continued... Page 16 The Cart Shed Charity CIO Notes to the Financial Statements - continued for the Year Ended 31 December 2024 15. Creditors: amounts falling due within one year 2024 2023 Social security and other tsxes Other creditors Accruals Income re￿iVed in advance {Deferred Income) 7,156 23,937 3,588 12,650 5,183 2,387 4,080 83,521 47,331 95,171 16. Operating lease commitments As at 31st De￿rnber 2024 the Cart Shed CIO had total commitments under non- cancellablè operating leases as follows= 2024 2023 Land and buildings Leases expiring within one year Leases expiring within two to five years 1,021 1,479 2,500 17.(a) Movement in funds Net movement in funds Transfers between fvnds At 1.1.24 At 31.12.24 Unrestricted funds General fijnd Designated fund 472,827 121,238 66,636 {460,7821 460,762 78,701 582,000 594,065 66.636 660,701 Restricted fund$ Young Cart Shed courses Neurodivergen￿ courses Other course ￿ndIng Office & site equipment & improvements Organisational development Other 9,775 46,137 9,775 46,137 213 213 56,125 56,125 Totsl Funds 594,065 122,761 716,826 . Funds designated this ygarft)r futur8 purposes - see trustees annual report continued... Page 17 The Cart Shed Charity CIO Notes to the Financial Ststements - continued for the Year Ended 31 December 2024 17.(b) Movement in funds Net movement in fvnds included in the above a￿ as follows.. Incoming resources Resources expended Movement in funds Unrestrictsd funds General fijnd Designated 313,819 1247,1831 66,638 Restricted funds Young Cart Shed courses EF BulmerTrust Herefordshire Community Foundation George's Fund Safer Communities Fund Henry Sale Foundation Neurodivergence courses National Lottery Community Fund Awards 4 All JMDW Trust Other course funding Veterans, Foundation Blue Light Card Foundation Macmillan Support Office & site equipment & improvements Kildare Trust Anonymous Foundation Major Donor Rowlands Tnjst Herefordshire Community Foundation High Sheriffs Fund Organisalional development JMDW Trust Other Hereford5hire Community Foundation 15,408 9,250 87,533 5.000 115,4081 14,4751 187,5331 4,775 5,000 19,296 50,000 (4,8321 (18.5271 14.664 31,473 3,133 2,247 2,332 (3,133) {2,247} {2,332} 20,370 15,000 8,964 6,500 1,000 {20,370} {15.000) {8,964) {6,500) {1,000) 66.667 {66,667) 1.068 855 213 313,768 257,643 56,125 Total Funds 627,587 504,826 122.761 Young Cart Shed courses These are split into three age groups.. 10-13, 13-18 and 19-25. The programme for the youngest age group was developed and added in 2024 following re￿Ipt of fvnding from the Safer Communikn'es Fund. All Ihree group sessions are held weekly throughout the year. The sessions are led by a tutor, a mental health nurse and occupational therapy support for all but the youngest group. Neurodlvergen¢e ¢ourses Up to 90°/o of our Young Cart Shed participants are autistic, have ADHD or both. Our'Being Autistic, course has been running for several years., in 2024 we developed and piloted 'Being ADHD, which is funded by the National Lottery Community Fund - this pilot continues into 2025. Also in 2024 we developed and ran our first course for parents of neurodivergent children 'Different not Less,. thanks to JMDWTrust fvnding. Futher courses are programmed in for 2025. continued... Page 18 The Cart Shed Charity CIO Notes to the Financial Statements- continued for the Year Ended 31 December 2024 Other course funding These funds have been provided for particular groups of parbcipants to attend our supported woodland wellbeing courses, ie veterans. blue light card holders and people living with cancer. orrice & site equipment & impTovements Funding has been provided for improvements to our site and facilities as follows.. Completion of the Sapling site for our youngest paiticipant group Sensory & outdoor gym equipment Additional storage units Mains water supply to all three woodland sites Road stone for site tracks Solar panels and extension to office a￿)MmOdation Organisational development 2024 marf(s the final of three years of organisational development funding received from the JMDWTrust. The Cart Shed now has well defined programmes of activity, and fvndraising and business development Strategies to see us into the ftrture. Other Several grants re￿IVed on behalf of participants for transport costs and ￿e1 grants. 17.{c) Comparatives for movement in funds Net movement in funds Transfers belween funds At 1.1.23 At 31.12.23 Unrestricted funds General fijnd Designated funds 417,331 117,272 50,585 3,966 4.911 472,827 121,238 534,603 54,551 4,911 594.085 Restricted fund5 Clothworkers AThed For￿5 Covenant 1,567 3,344 {1,567} 4,911 Totsl Funds 534,603 59,462 594,065 continued... Page 19 The Cart Shed Charity CIO Notes to the Financial Ststements- continued for the Year Ended 31 December 2024 18. Related Party Disclosures The chartty entered into an agreement on 1 August 2018 with Jackson Property IHereford} Ltd and Jackson Property (Leominsterl Ltd, both of which are owned by Mr B Jackson (Trusteel, under which the charity re￿iVeS a donation of £100 per month and the charty is publicised for mart