REGISTERED CIO NUMBER.. CE007610 {England and Wales) REGISTERED CHARITY NUMBER.. 1167802 Rewrt of the Tiuslees and Unaudited Financial Statements for the Year Ended 31 December 2025 The Cart Shed Charity CIO
The Cart Shed Charity CIO Conlents of the Financial Statements for the Year Ended 31 December 2025 Page Reference and Administrative Detsils Report of the Trustees 2106 Independent Examiner's Report Statement of Financi81 Activities Balance Sheet Cash Flow Statement and Notes 10 Notes lo the Financial Statements 11 to19
The Cart Shed Charity CIO Referen and Administrative Details for the Year Ended 31 December 2025 TRUSTEES A J Davies Dr C Goldsmith D S Hunt (Chairl B Jackson Dr R Penney N Snell A Wrixon P M P Wrixon 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 Tiustees for the Year Ended 31 December 2025 The trustees present their report with the financial slatemenls of the charity for the year ended 31 December 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 110 the financial statem8nts and compty wth the chartty's constitution, the Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recommended PiaGtice applicable lo cha¥ities preparing their aoUnts in accord8nce with the Financial Reporting Standard applEcable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191,. OBJECTIVES AND ACTIVITIES Objective5 and aims To piomote soual indusion 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 socially excluded and assisting them lo integrate into soriely. For the purpose of this clause'socially excluded, means being excluded from soryety. or parts of soryety as a result of one or more of the following factors.. unemploytnenl.. financial hardship," youth or old age," ill he8tth (physical or menlall., substance abuse 01 dependency including alwhol and drugs- disuimination on the grounds of sex, race, disability, elhnic origin, religion, belief, cieed, sexual orientation or gender re- assignment." P(KJr educational or skills attainment- relationship and family breakdown." pool housing (housing that does not meet basic habitable standaid51," clime leithei as a victim of crime or as an offender rehabilitating into 50cietyl. To promote for the benefit of Ihe inhabitants of Herefordshire, the West Midlands Wales and the surrout)ding area the provision of facilities foi recreation or olher lSUre time occupation of individuals who have need ol SLJch facilities by re8son of their youth, age, infirmity or disablement. financial hardship or social and economic circumstances or for the publi¢ al laige in the interests of social welF8ie and wl(h the object of improving the condition of life of the $8id inhabitants. Public benefrt In drafting this report, the trustees havè complied with the duty in Se(*itin 4 of the CharitiesA¢t, tr) have due regaid l() public benefit guidance published by thè Charity Commissth. The Cart Shed was awarded The Queen's Award for Volunteering on June 2nd 2017. Known as the MBE for voluntary organisations, this accofade was awarde¢J because of the significant impact The Cart Shed has on the individuals who attend sessions.. Transforming lives in Hereford by offering skills, friendship and a future to those in mental or physical distress. The Cart Shed offers opportunities to try something new and improve well-being., lo find friendships and a place of calm in a supporting, natural envirrnment. Based in Herefordshire our woodlands lend thernselves to enabling individuals to over¢orne and accept episodes in their INes they find diffilt lo live with.. whether as a result of the105s of a partner or close friend, drfficult working conditions, or poor health. We work with individuals of all b8dtground$. lrfting L4bel$ and mintmising stigma_ There are no w81Ss. bad9Èd he8f(h profession81s or waiting rooms. Page 2
The Cart Shed Charrty CIO Report ofthe Trustees lor the Year Ended 31 Decernber 2025 STRATEGIC REPORT IMPACT AND PERFORMANCE The Cart Shed was able to secure fvnds from several sources to maintain and develop the service and ended up with slight surplus at the end 012025. There continues to be a focus on supporting neurodivergent tndividuals, speafically those who areAuiistic or have ADHDIAUDHD. There is Glearly somelhirYJ in the low sensory input a natural environment offers that benefits this profile of individual. Anxieties are duced and those who struggle to cornmunicate in their day to day lives are supported to find connection wth others. The therapeutic input from our clinicAI le8m ensures that peOe with poor mental heallh and emotional wellbeing are able to understand and addiess their issues effectively. Partnerships In October haKterm we hosted a group of young petsple with Impai vision from the national charty Look UK. They had fabulous day in the woods building dens, Flaying games and making willow trays. "The day enabled A land me) to be a part of an activity Ihat was focused to be supportive of their needs. He and I felt included and not the odd ones out or that we had lo behave in ways to fit in with others." We are planning on increaslng this ielalionship as we are well aligned as charities that support young people. HVOSS UKSPF People and Skills Partnership. Enabling people to find meaning. purpose and a future through improved mental health is key to our work. As part ol the UKSPF funded HVOSS People and Skills collaboialive partnership fvnd we enabled 2S part1pant9 achièvè qualifiG4tions and move towards employment and volijnteering. Herefordshire College of Art. We secured funding to wort( with the Artist Blacksmith students to build 6 sustainable forges and run sevef81 Workshops in the woods with Young Cart Shed participants. The imp8Ct was significant with a number of young people building enough confidence to appty lo go to Art College or find apprenticeships in etYJineering. Bringing in opwrtunities such as these to The Catt Shed helps people see there is a future for them that they may not have considered before. Young Cart Shed Programme We expanded our Young Cart Shed provision again to try to meet the increasing demand for our service. A fourth Session was introduced in September and a fifth in February'26 as an increasing number of schools are learning about the effectiverie55 of what we do to support young people lo return to learning. r tnatte Thè funding land$e8pe continues to be challenging, whilst we have an ongoing rolling programme of applications lo Trusts and Foundath'ons, we are mindful we May need to scale our setvice to meet the availability of fvnding as many of these 8ppIic8tions are proving to be unsuccessful. act and effica In 2025 we W0ed wtth 135 individuals g week depending on the progiammes being delivered. The were 323 unlque indwiduals, induding 122 participants on our Young Cart Shed pr(NJiamme and 54 participants on our Being Autistic programme. We delivered tsver 21,0(K) difed contact participant hours, including over 6.0(K) on our Youn9 Cart Shed programme and nearly 2,000 on our Being Autistic piogramme. Young Cart Shed has inctea5ed to 300A of our delivery, up from 23 /0 in 2024. Plant Fair Our annual Plant Fair was another huge success increasing knOwdge and understanding ofThe Cart Shed, oui work and the opwrtunities available. It is also an enjoyable communty event attracting 1400 visitor5 frtsrn Heteftsidshire and our surrounding counties. Page 3
The Cart Shed Charity CIO Report of the Trustees fof the Year Ended 31 December 2025 STRATEGIC REPORT Human Resources Board of Trustees In January 2026. Bill Jad¢son stepped ijown as a Trustee. We wll continue to seek new Tiuslees as part ol the Charity's succession planning prosS. Employees The thaiity ernploys 8 Chief Exewhve Offir. a Business Deveknpment Manager, a Clinical Lead, three Occupational Therapists, a Mentsl HeaV(h Nurse, one Training Manager, four Senior Tutors. a Finanaal Administrator. a Finance Assistant, an Office Admintstratoi, an Events Co-ordinatof and a Sites Maintenznce Workei AJI p)silion5 are part-tirne except that tsf the CEO and Trainin9 Manager, amounting to the full time equivalent of 9.6 mernbers of staff. We maintain a bank of tutors and support staff Io COVÈf leave and CPD days. In addthon to this, spècialist tutors arè èmployed to deliver specific courses,. FirstAsd and Food Safety. Volunteers Volunteers are the lifeblood of the charity. There are currenity 68 active volunteers, who comFAete the team (Trustees, fundraigérs and régulai volunteers supporting activiies in the woods). Volunteer tssks are defined thus.. Trustees- reswnsible for govemance, due diligence and sale running of the charity. Fundraising Committee- who stage fundraising events through the year, induding the SUsSful Plant Fair. Woodland volunteers- approximately 52 regularfy volunteer their time in support of The Cart Shed as follows.. Drivers- a team that take o(Jr minibuses lo the market towns of Hereford. Leominster and Kington lo Collect participants, enabling them to attend sessions and increasing our accessibility. Herefordshire is thé 4th mosl rural County in England with hatf the population Ihfing in our dispersed rural communities. Cooks- we provide a hot Ut[l(louS lunch which has been cooked Èn ourwoodland kitchens. This ensures all participants have access to a healthy and sustaining tneal and other relieshments during 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 partiapants enabling them to complete their projects effectively and safely. Sile support- a team of volunteers who help to maintain the woodland structures and equipment. Polytunnel volunteers- a team of volunteers who maintain the horticultural site and ensure fresh pr0dl is available through the summer and autumn months for the soup that volunteer cooks make. FINANCIAL REVIEW RÈsÈrvÈs poliey The Board reviewed its reserves polry in October 2024 and adopted the updated lcY at the Board meeting on 18th November 2024 as folbws.. Due lo the nature of the organisalK)n and the regular review of the budget, this policy wli I be reviewed on an annual b8SiS lo ensure that the continuity elernenl malches changes to the annual budget and the restructuring element matches the requirements of trading actNities. The cydic31 rll8inlen8r element moves forward in at least an inflationary manner The dissolution element matches the requirements of the staffing levels Page 4
The Cart Shed Charity CIO Report of the Trustees foi the Year Ended 31 December 2025 Reserves policy continu8d Designated funds artr updated based on projects completed and new projecis identified ContinuFty Fund- This fund is to be used to bridge any possible delays in receiving promEed grants or managing payment in arrears contracts. This has beèn dèfjnèd as 8 rninimurn of 8 thiee months, budgeted trading activity- Cydical Maintenance Fund - This fund is to usèd fr)r major ttems of mairrtenance of Ihe fabric of the buildings suth as redecorating the interior and exteriors. Dissdution Fund- This fund piovides for th6 costs of dissolulK)n should the c*arity be unable to o)ntinue. It is only to be used in the event of the Trustees. deciding the charity should cease to exist. It will be used to pay notice periods, iedundancies and the expenses of running the Cart Shed until closure of the organisation. Relocation Fund- This fund provides for the costs of relocating the activit$ of the charity to a nèw location. Designated Fund - Specific projècts Other designated funds- funds which have been allocated lo a speafic activity or projeci FUND Fixed Assets Continuity Cyclical Maintenance Dissolution RelcKation Designated piojeds IT equipment replacemeNI- £25,000 Minibu5 replacètnent- £50.000 Other- Longueville for Young Cart Shed TOTAL AMOUNT 2140,000 £125,000 £15.000 £40,1X)O £100,000 £75,0)0 £87,CM)O £582,000 FUTURE PLANS Urban Cart Shed This idea remains a key arnbition. There are several problems operating a faality from a very rural location that need to be addressed.. Transporting people on and off sile., the difficutties ol maintaining the working environment in cold, wet winters,. increasing 8c¢essibility lo Qui Servi foi those with additional needs or dedining health. During the year we identified a property that might have en suitable. however it transpired constraints regarding on-going liabilities prevented the sale from going forward. We have identified another property in Leorninster and are currently exploring its viability as our Urban Cart Shed. We would hope Its do this in partnership with other kocal mental health charities. The Trustees may decide durin9 th8 year to redeploy some of the de$ign8ted funds towards acquiring a property if a suitable one becomes available. Page 5
The Cart Shed Charty CIO Report ol the Tiustees fof the Year Ended 31 December 2025 STRUCTURE. GOVERNANCEAND MANAGEMENT Goveming document Th8 thatty, which is 8 Charitsble Incorporated Organisation. is governed by its Constitution dated 10th February 2016 Or9anisational structure The Cart Shed Charity is administered by a Board tsf Trustees. The Chair David Hunt, along with the Board of Trtjstees, meet four times a year, primarily to ieview matters of governance. fin8n¢e, staff and sliategy. The Board is actwely seeking new trustees with specffic skills in and knowledge of mental health and military veteran requirements. Rèport of the Tiustee5, Èncorporating a Strateg report. approved by order of the Board of Trustees and signed on its behalf by". David Hunt- Trustee lo June 2026 Page 6
Independent Examine¥'s Report to the Trustees of The Cart Shed Charity CIO Indèpendent examlner's report trj the trustees of The Cart Shed Charity CIO I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2025. Responsibilities and ba515 of report As the charity's trustees ol the company land also tts diieGtors for the Pufposes ol company lawl you are responsible for the preparation of the acoJunts in accoidance wrth the requirements ofthe Comp8niesAct 20061'the 2008 Adl. Having satisfied mysdf that the accounts of the cx)mpany are not required to be audited undei Part 16 of the 2006 Act and are eligible foi independent examination. I report in respect of my examination of your charity's accounts as cairi8d out undei sedion 145 of the Charities Act 2011 Clhe 2011 Act'l. In carying out my examinalion I have followed the directions gNen by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examiners statement Since your charity's gross income exeded £250,0(M) your examinei must be a member of a listed body. I can confimi that l am qualified to undertake thè èxamination because l am a memb81 of the institute of Charted Accountants in England and Wales, which is one o* the listed bles. I have ccynpleted my examination. I confirm that no matters have come lo rny attention in connedon with the exarnination giving me eAuse to believe.. Accounting records were not kept in respect ofthe company as required by S6ction 386 ofthe 2[ Act., or 2. The accounts do not accord with those records-, or 3. The accounts do not comply wth the accounting requirements of section 3 oflhe 2006 Act other than any requirement that the 8ccounts give a true and fair VTew which is ty)t a matter con5rdered as part of an independent 8xamination.' or 4. The accounts have not been prepared in accordan with the methods and principles of Ihe statement of re¢otnffiended practice for accounting and reporting by charities lapplicable to ch8rities preparing their accounts in accordance with the Financial Reporting Stsndards applicable in the Uk and Republic of Ireland IFRS 10211. I have no concems and have rne across no other matters in wnnection with the examination to which 81tenlion should be drawn in this report in order to enable a proper understarKling 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 Herefoid Herefoidshire HR4 9NS Date.. 81h June 2026 Page 7
The Cart Shed Charity CIO Statement of Financial Activities for the Year Ended 31 December 2025 UnrestrLted Restricted 2025 Total Fund5 2024 Total Funds Funds Funds Notes Income Donations & legacies Charitable activities Other trading activities Investment income 75,315 177,659 33,242 8.837 75,315 419,792 33,242 8,837 180.61 410.597 22,635 13,749 242,133 Total 295,053 242,133 537,186 627,587 Expenditure on Raising Funds Charitable Activities 7,481 283,198 7,481 528.571 4.330 500,496 245,373 Total 290.679 245.373 536,052 504,826 Net Income Transfers betsveen funds 4.374 13.240) 1,134 122,761 17a Nèt mov*m&nt in funds 4,374 13,240) 1,134 122,761 Reconciliation of funds Total funds brought forward 17a 660,701 56,125 716,826 594,(65 Total funds earried fonar(j 17a 665,075 52,885 717.960 716.826 The notes fom part of these financi81 statements Page 8
The Cart Shed Gharty CIO Balance Sheet 31 December 2025 Unrestrscted Restricted 2025 Tot81 Funds 2024 Fund$ Funds Total Funds Notes Fixed Assets Tangible assets 12 165.483 165.483 140,396 Current Assets Debtors ash at bank 13 14 19,993 $00,680 520,673 19,993 563,316 583,309 69,073 554,689 623,762 62,636 62,636 Creditors Amounts falling due within one year 15 21,081 9.751 30,832 47,332 Net Current Assets 499,592 52,885 576.430 Total Assets less Current Liabilities 665,075 52,885 717,960 716,826 Net As8ets 665,075 52,885 717.960 716,826 Funds UnTeslrided funds General funds Designated funds Restricted fijnds 17 83,075 582.lJOO 52,885 78,701 582,(K)O 56,125 Total Funds 717,960 716,826 The financial statem8nts were approved by the Board of Trustees and authorised for issue on 10th June 2026 and were signed on ils behalf by.. D S Hunt- Chair The notes foim part oflhese financial statements Page 9
The Cart Shed Charity CIO Cash Flow Statement For the Year Ended 31 Decembei 2025 Notes 2025 2024 Cash flows frorn operating activities Cash generated from operations 42,758 50,317 Cash flows from investing activitie5 Purchase of tangible fixed assets Interest re1Ved {42.9681 8,837 131.6781 13.749 Net cash used in investing activities 17,92g Change in cash and cash equivalents in the reporting year 8,627 32,388 Cash and cash equivalents at the beginning of the reporting year 554,689 Cash and ¢a$h equivalents at the end of the reporting yéar 563.316 554.689 Reconciliation of net incomellexpenditurel to net cash flow from operating activities 2025 2024 Net income for the year las per thè Ststèment of Financ1 Activities) Adjustments for.. DepieGiab"on charges IProfitllLoss on disposal of fixed assets Interest 18ceived {Increaselldecrease in debtois Increase Idecreasel in exèditors 1,134 122,761 25,2eO 17,3801 18.837) 49,080 16.499 19,836 61 113,7491 130,7521 47,840 42,758 50.317 B. Analysis of changes in net funds At 01.01.25 At 31.12.25 Cash fl¢)w Net ea$h Cash at bank 554,689 8,627 563,316 Thé notes foim part of these financial statements Page 10
The Cart Shed Charty CIO Notes to the FInarla1 Statements for the Year Ended 31 December 2025 Accounting Policie¥ Basis of preparing the financial statements The financial statements of the charity. which is 3 public benefrt entity undef FRS 102, have been prepared in atxoidanGe with the chaiity's ¢onslitution, the Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffèctive 1 January 20191, and the Charities SORP IFRS 1021'Accounting nd Reporting by Charities". Statetnent of Re¢ommended Practice applicable to charities preparing their accounts in accoidance wth the Financial Repotting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191, The financial statetnent5 have been prepared under the historical cost convenlk)n. Income All income is recognised in the Statement of Financial Activities once the Charity has enlitlemenl lo the lunds, Tt is probable that the income will be received and the amount can be measured reliably. If income is subject to perfomance- related nditionS leVed in advan of delDiellng the goods and services required by that condition, or is sul'ect to unmet conditions wholly outside Ihe control ol the recipient charity. is acwunted for as a liabtlty and shown on the balan sheet as deferted income. Deferred income is released to income in th8 reporting period in which the perfotmance-ielaled or other corlt10n8 that limit iecognilion are mel. Expenditure Liabilities are rectMJnis8d as expenditure as soon as there is a legal or constructive obligation commrtting the charity to that expenditure, it is probable that a transfer of economic benefits will be required in seitlement and the arnounl of the obligation can be measured reliably. Expenditure is accounted for on an ac¢ruals basis and has been classified under headings Ihat aggregate all cost related to the category. Vweie costs Gannol be directty attiibuled lo particulai headings they have been allocated to aclivities on a basis consistent wrth the use of re$our¢es. Tangible fixed assets Depreaation is provided at the folltswing annual rates in order to write off each asset over its estimate useful life. Office Course accommodation Motor vehides Computer equipment 10% on o)st 20% on cost 33°/o on reducing balance 33QA on reducing balancè T•x¥tion The charity is exempt from tax on its tharitable actIves. Fund accounting Unrestrict8d funds can be used in accoidance wth the chaiitable objecbves at the discretion of the trustees. Restricted fulS (xn only be used for partular restricted purposes within the objects of the charity. Restrictn$ arise when specrfied by the donor orwhen funds are raised for partiCUr restricted purposes. Further explanation of the nature and purpose of each fvnd is IndUd the notes to the financial s18tements. Designated funds Designated funds are earmarked formally by the Trustees for a parbcular puipose and can be fomalty un¢Jeslgn8led at their discretion. The notes form part oflhese financial statements continued... Page 11
The Cart Shed Charity CIO Notes to the Financi81 Ststemen15- continued for the Year Ended 31 December 2025 Total Funds 2025 Total Funds 2024 2. In¢ome from donations & legacies Unrestricted 2025 Restricted 2025 Donations from individuals Dtsnations from trusts & companies 38,624 38,624 36,691 46,903 133,703 75,315 180,606 Total Funds 2025 Total Funds 2024 3. Income from eh8ritable activities Unrestricted 2025 Restricted 2025 Course income from trusts & companies Course income from individuals 163,803 13,856 242.133 405,936 401,527 9,070 177659 242.133 419,792 410,597 Total Funds 2025 Total Funds 2024 4. Income from fundraising activities Unrestricted 2025 Restricted 2025 Plant Fair entran¢¢ fees Plant Fair exhibitor fees Planf Fair refreshments & product sales Plant Fair sponsorshtp Other 10,412 3,265 10.475 1,000 8,090 10.412 3,265 10.475 1,000 8.090 2.770 7.705 2,091 33,242 33.242 5. Income from investments 2025 2024 Interest receNable 8.837 13,749 6. Expenditure on raising funds 2025 2024 Plant Fair expenditure 7,481 4,330 continued... Page 12
The Cart Shed Charity CIO Notes to the Financial Statements- continued fof the Year Ended 31 December 2025 7. Expenditure on charitable activities Dire staff Costs 2025 Other direct Costs 2025 Support Costs 202S Total Costs 2025 Total Costs 2024 Programm¢'. AutismlADHD Moving Forwafds Resilien Wellbeing Young Cart Shed 31,692 12,189 39,005 78,010 82,886 10.137 3,899 12,477 24.954 26.514 26,885 10,340 33,089 66,179 70.316 68,714 26,428 84,571 169,143 179,716 35,035 25,025 125,123 165,164 150,149 243,782 77.981 206,809 528,572 500,496 Finance, admin & Management staff 8. Support costs. Governan Propetty & nlral costs Total costs Total costs Costs 2024 2024 AutismlADHD Moving Forwards ResilierLe WellbeiThJ Young Cart Shed 165 17,804 6,847 21,912 43,825 46,564 8,916 3,429 10.974 21,947 23.320 26,885 10,340 33,089 66,179 70,316 13,388 9,563 47,816 63,117 57,379 203 407 432 1.271 136,952 &3.586 2[,809 191.263 ' The annualplant fairis organised byour volunteerfundff3isry team Support costs are allocated to actThiities based on the number of days spent delivering each actNity in our annual course programme. Governance costs include accountancy costs for independent examination. Finance, adrnin & management staff indudes all staff not involved In direct delivery of courses or site development. Propety & central costs include all costs of running the offi, IT Èquipment and setVKgs, professional fees, insuran$ & deprecjation of fixed a&8ets. 9. Tru$tses' Remuneration and Benefits There weie no Itustees, remuneration or other benefits or trustees, expenses for the year ended 31 December 2025 nof for the year ended 31 December 2024. Related Party transadions are dis¢losed in Note 18. 10. Staff Costs 2025 2024 SalarEs Employerfs Nl contributions Employerfs Pension contributions 346.120 34,255 316,873 22,717 386,387 344,999 continued... Page 13
The Cart Shed Charity CIO Notes to the Finanual Statements - Continued for the Year Ended 31 December 2025 10. Staff Costs continued The average monlhly number of employees IFTEI during the year was as follows". HeIcoUnt 2025 26 FTE 2025 Headcount 2024 21 FTE 2024 Course delivery staff Support staff No employees received emoluments in excess of £80.000. 11. Comparatives for the statement of financial actiYitie5120241 Unrestrided Funds Restricted Funds Total Funds Income Donations & legaryes Chartsble activities Other trading actiwties Investment income Total 124,771 152,664 22.635 13,749 313,819 55.835 257.933 180,6( 410,597 22.635 13,749 627,587 313,768 Expenditure on R8ising Funds CharTrtable AGtivilies Total 4,330 242,853 247,183 4,330 257,643 257,643 504.826 Net Income Transfers been funds Net movement in funds 66,636 56,125 122,761 59.462 56.125 122,761 Reconciliation of fun(Js Total funds brought forward 594,065 594.065 Total funds carrlad forward 660,701 56,125 716,826 continued... Page 14
The Cart Shed Charity CIO Notes to the Financial Statements- continued for the Year Ended 31 December 2025 12. Tangible Fixed Assets Office and Store Course Accommodation Motor Vehicles Totals COST At 1 January 2025 Additi'ons 162,804 16,970 21.597 214.701 51,968 Disposals 15.950 At 31 Dember 2025 179774 49,348 250,719 DEPRECIATION At 1 January 2025 Charge for year 40,412 17,528 8,638 4.319 25,253 3,413 74,303 25,260 Disposals 14.330 14.330 Al 31 Decembei 2025 57,940 12,957 14.336 85,233 NET BOOKVALUE At 31 Dember 2025 121,834 8,640 35,012 165,486 Al 31 December 2024 140,396 13. Debtors: amounts lalling duè within one year 2025 2024 Debtors Accrued income Prepayrnents 4,481 59,388 5,204 7,295 5,834 19,993 69,073 14. Cash at bank 2025 2024 Current account Commerual Instsnl Access a¢¢ounl CAF United Trust Bank Bath Building Society Redwo(Kl Bank Saffron Building Soaety Petty cash 27,822 200.366 10.616 94,371 87,442 85.lJOO 55.000 2.699 226,718 10.616 90.786 85.0(M) 85.000 55.000 1.569 Total 563,316 554.689 continued... Page 15
The Cart Shed Charity CIO Notes to the Finanryal Slalernents- continued ft)I the Year Ended 31 December 2025 15. Creditors: amounts falling due within one year 2025 2024 Social security and other taxes Other creditors Accruals Income received in advance (Deferred Income) 8,S75 3,927 3,301 15,029 7,156 23,937 3,588 12,650 30.832 47,331 16. Operating lease commitments As at 31 sl December 2025 the Cart Shed CIO had total commitments under non- cancellable operab.ng leases as ft)Ilows'. 2025 2024 Land and buildings Leases expjring within one year Leases eXring w¢thin to five years 522 22 544 1,021 1,479 2,500 17.la} Movement in funds Net movernent in funds Transfers beeen funds At 1.1.25 Al 31.12.25 UnrèstrietÈd funds General fund Designated fund. 78,701 582,(M)O 4,374 83,075 582,(M)O 660,701 4,374 665,075 Restricted funds Young Cart Shed cour58S Neurodivergence courses Other course funding Office & site equipment & improvements Organisational development Other 9,775 46.137 19,7751 535 6,000 46,672 6,LK)O 213 213 56,125 3.240 52,885 Total Funds 716,826 1,134 717,960 . Funds deswated thisyearfor fvIU pUOse$- see trustees 8nnualreport continued... Page 16
The Cart Shed Charity CIO Notes to the Financial Statements- continued for the Year Ended 31 December 2025 17.{bl Movèmgnt In funds Brought forward Incomin9 resources Resources expended Movement in funds Unrestrlcted funds General fund Designated 78.701 582.(K)O 295,053 12g),6791 83.075 582.CKJO Restricted funds Young Cart Shed wurses Herefordshire Community Foundation George's Fund Safer Communities Fund Henry Sale FoundatK)n Four Winds Trust Tabor Charitable Tiusl Society of the Holy Child Jesus DMF Ellis Charitable Trust Neurodivergence courses National Lottery Community Fund Awards for All Irene 8ird Fund Mumford Memorial Trust JMDWTwst Other course fundir>g Veterans, Foundation Macmillan Support EF Bulmer Trust Gatffield Weston Trust D'oyly Carte Charitable T¥usl Office & site equipmenl & improvemenis Clive Richards Foundation RO%and$ Trust Herefordshire Council Communty Infraslrudure Grant Herefordshire Council Prevenlv)n Support Grant Herefordshire Council Multiply Grant {UKSPFI Other Herefordshiie Community Foundation 4,775 {4.7751 155,7271 {5,0001 {1,2721 {9.6001 11LI,OLKII 15,0001 55,727 5,IX)O 1,272 9,6 10,0(KJ 5,000 14,664 {14,6641 5,0(K 12.720 50,000 5.0(X) 112.7201 {39,8011 31,473 41,672 10,084 10,584 12,780 20,000 6,000 {10,084} {10,584} 112,780) 120,OCM)) 6,000 9.965 9.722 11.242 1.000 876 19,965} 19.722) 111.242) {1.0001 18761 213 561 561 213 56,125 242,133 245,374 52,8 Young Cart Shed courses These are splrt into three age groups: 10-13, 13-18 and 19-25. The youngest age group w88 introduced in 2024 funded by the Safei Communities Fund. Since then, demand has been overwhelrning. and it was also clear that many participant5 needed longer than the 12 week progiamme offered. In response lo this we increased our provision to Iwo sessions 8 week for this agè gitsup fioffl SePtemr 2025. The older age groups continue to have weekly sessions throughout the ye8r. ¢ontinued... Page 17
The Cart Shed Charity Glo Notes to Ihe Financ3al Statements- continued for the Year Ended 31 December 2025 Neurodivergence COUTses Up to 90Y¢ of our Young Cart Shed participants are autistic, haveADHD or both. In 2025 we ran several courses of our growing neurodivergent suite-'Being Autistic,, 'Being ADHD, and 'Diffeienl not Less, {for parents). In addition lo this we have developed and added several short courses in art and wood carving specifically for neurodivergent participants. thanks to funding from the JMDWTru31. with courses contsnuillg into 2026. other course funding Some of these funds have been provided for particular groups of partiapants to attend our supported woodland wellbeing courses. ie veterans and people living with cancer. Other funding has been received specifKalty for programmes such as 'Woxlland Connection,. Office & site equipment & improvements Funding has been provided for improvements to our site and faalities as follows.. Solar panels and extension lo office accommodation Site storage units 8nd r8cyding facilrties Replacement of minibus ftsi partiupant transport An information pa¢k wlh resources for partiapants Numer8¢y equipment Several grants reVed on behalf of participants for transport costs and equipment. 17.lcl ComparatTrv•s for movernent in funds Nel movement in funds Transfers beeen funds At 1.1.24 At 31.12.24 Untricted funds General fund 472.827 66,636 (460,7621 78,701 t>esignaled funds 121 238 460.762 582.000 594,065 66,636 fj60,701 Restricted funds Young Cart Shed courses Neurodivergence courses other course funding Office & sile equiwnent & improvefflents Organisational development other 9,775 46,137 9,775 46,137 213 213 56.125 Total Funds 594,065 122 761 716 826 continued... Page 18
The Cart Shed Charity CIO Notes tr) Ihe Financial Stslements - continued for the Year Ended 31 December 2025 18. Related Party Dlsclosur¢$ The charity enjoys two licences to use areas ol the property owned by Mr P Wtixon (Trusteel. Two 15 year ryjntracts hav6 been signed. with break clauses at five yearly intervals. A monthly contribution to costs of £150 15 paid for use of the Linhay building. An annual contribution of £500 is paid for use ol the oifice site and building. Mr P Wrixon ITrusteel is also a Trustee ol The Rowlands Trust, who gave donations in 2025- one for site storage and recycling facilities, the other towards the c05t of a new minibus. There are no other related party transactions. Page 19