Charity No: 1184207 Men in Shets P£verley FINANCIAL 5rATEmE￿r5 Year &)ding l* July 2024 Phoenix Accountancy and Business Consultancy Limited Men In Sheds Bevedey Charity No: 1184207 Contsnts to the Financial Ststements For the Year ending 1st July 2024 Page Trustees Annual Report Independent Examiners, RepM)rt Receipts and Payments Account ststement of Assets and Liabilities Notes to the Financial Ststements 10 Men In Sheds Beverley ChariLy No: 1184207 Tn￿teeS Annual Report For the year ending 1st Juty 2024 The Trustees present their reFK)rt with the inde￿ndentlY examined financlal statements of Brid Men in Sheds, a registered charity, for the year ￿KlIng 1st July 2024. Reference and Administrative Details of the Chaiity, its Trustees and Advlsers Name of cha Men in Sheds Beverley on Num 1184207 Cha 's Prlnci Men In Sheds Beve Beverfey Gartlen Centre Hull Road Woodman*y East yO￿shIre HU17 ORS Names of Trustees wlK> seNed during the year and Sin￿ the year end were as follows:_ Name: Mr Richard Ellett Mr Andrew Hardman Mr Steve Holden Mr Les Walker Mr Kevin SheeharrT Mr John Kyle Ms Mary SLtton Ms Catherine (Kate} Wilkin Mr Arthur (John) Harbach Position: Chair Treasurer Dates of seNice if not ft>r the full year: Restgned 19U) March 2024 Resigned 19th March 2024 Resigned 19th March 2024 Seuetary App)inted 19th March 2024 Appointed 19th March 2024 Apr()inted 19th March 2024 Appointed 19th March 2024 Appointed 41h March 2025 Treasurer Inde ndent Exa Rebeco Triffitt, MAAT Pract[￿ Accountant, Employee of: Phoenix Accountsncy and Business Consultsncy Limited Morfey's Cottage Morlefs Yard Walkergate Beverfey East Yorkshire HU17 9BY NATW 60 Market Place Beverley HU17 8AA Men In Sheds Beverley (hrity No: 1184207 Trustees Annual Report For the year ending 1st July 2024 Strncture, Governance and Management emin Document: Men In Sheds Beverley is a registered Chatitable InCOr￿)rnted Organisation governed ty its Constitutlon (foundation model). The organisation was registered with the Charfty Commlssion on the 2nd July 2019. Rec itment intsnent of Trustees: The trustees fomi the Executive Committee of the charity. The members of the Executive Commrltee are eletted at the Annual Generdl Meeting by the members of the Charity. All members are circulatad with invitations to nominate trustees in advan￿ of the AGM. The Constttution of the Charfty states that there must be at least three charity trus￿5 and the Ma￿MuM number of thatty trustees Is eleven. All trustees are apFM)inted for a l year te￿n by a re9￿utIon passed at a propedy convened meeting of the charity trust￿. Trustee Inductlon and Tralnl All trustees are provided with the a)arity Commis￿5 'Roles and Responsibilities of Trustees,, the Constitution and the finanaal statements including the Annual Report. Any training required by the trustees may be requested at any point, ￿re It is considered useful to their role as trustee. Or ani The board of TruSt￿S manages the Charity, and aims to consider only strategic decisions at its meetings. Trustees are a￿dre that any confiitt of interest is dedared arKI recorded. The board holds its LN)ard meeting if when a Trustee r8]uest one. In conjunttion with the Trustees the￿ is a committee reS￿)nSible ft)r the day to day general running of the shed. Currently this is made up of the Trustees, however there are plans to expand in the future to Incl￿ Committ￿ members from the generdl membership. Risk Mana eme The major risks, to which the charity is expose(1, as identified by the Trustees, have LEen reviewed antt systems have been &iblished to mitigate those risks. All systems and procedures are review&J wularly to ensure they m*t charity law and our own organisations aims and objectives. The charity has guidan￿ and a specific trustee who is responsible for the safeguarding of every member. Men In Sheds Beverley Charity No: 1184207 Trustees Annual Report For the year ending 1st July 2024 Objectives and Activities The chaiivs object is: To promote s￿131 Incluslon for the public benefil by preventing people aged 18 or older within the Beverley and the surrounding a￿, becoming s(Kially excluded. This is to be achleved by assisting them to integrdte into society through the provision of facilities In whlch they can meet to undertake creative, physical or recreational activities, learn or pass on skills and thowledge and support eath other ￿lalIV as well as helplng with community- ba*d projects.. It is very important to the trustees that the tharity helps to provlde supw)rt, understanding and a safe environment to males who want to join due to suffering from depression and other mental health problems. Safeguarding and suitabilty is very imtM)rtant. ectives for the followln ear: In shaping our objectives for the following year atKI planning our atttvitles, the Trustees have considered the Charity Commission's guidan￿ on wblic benefit and this is regularly rtr visited. I Continue to expand our memtrRrship and rdise our profile in the community, with an emphasis upon supporting members most susceptible to I￿Ing scrially excluded. 2 Increase our rdnge of attivities to support a wider range of potential members. Examples of such athities will be model making and photogrdphy. Achievements and Performan After the shed was dismantled and the concrete fl￿ring laid we considered how best to reorgani* the Shed. The kitchen/9xial area would remain in the same space but the plan was to make a funttional kitchen around a large *ated area. The ￿ntral working space would have a large work bench with stordge and other hand-makj'ng areas around the perimeter. The final area would be for machinery and workshop attivities wtth additional storage for wood. This was agreed and work began on putting everything in place. We were fortunate to find a source of good quality plywood for fr￿ and this enabled us to line the entire of the exterior walls of the Shed assisting insulation plus enabling storage opportunities and to separate it from the glass and corrugated metal walls of the greenhouse building in which it 15 Situated. This was a major step in our future development We were able to hold a -reopening" ￿rernonY of the Shed in November 2023 inviting local dignitaries arKI supporters to the event. There was a great feeling of relief and expectstion. Men In Sheds Beverley a￿lity No: 1184207 Trustees Annual Report For the year ending tst July 2024 Financial Review Reserves The charlty doesnt have a reseryes p￿ICY at the momenL Plans for Future Years Plea* see main obi8thves for the folbwiTrJ year. Key aims for this year are to settle as a group, recognise where our skills lie and where pethaps we might need gaps filling, recruit more members and seek more commissions to boost reseNes. It is our objedive to become a self-sufficient organisation within the next fve yea￿. ststement of disclosure of infonnation to Independent Examiner We, the Trustees of the charity who held Offi￿ at the date of appToval of these fir￿ncIal statements, eath conflrm so far as we are aware, that: there is no relevant Info￿nation of whith the chariVs Indep￿nt Examiner is unaware. and we have tsken all the steps that we ought to have tsken as Trust￿ in order to make oUrSe￿eS awa￿ of any relevant Information to establish that the charivs independent examinef5 are aware of that inft)rmation. Trustee Declaration The Trustees declare that they have approved the Trustees Annual RetX)rt. Signed on behalf of the chartvs Trustees Mr Arthur Harbach Trustee Date: 35 ARL Men In Sheds Bevetley arity No: 1184207 TNstees Annual Report For the year ending 1st July 2024 Independent Examinerfs Report to the Members of Men In Sheds Beverley. I report on the accounts of Men In Sheds Bevty for the year ending 1st July 2024, which are set out on pages 8 to 11. Respective responsibilities of Trustees and examiner The charty's trustees are reswjnslbte for the preparation of accfjunts. The charivs trustees consider that an audit is not requir&1 for this year under section 144 of the Chartties Act 2011 (the Charities Act) arKI that an independent exBminatit)n is needed. It is my responsibility to: examine the accounts under settion 145 of Charities A¢ to follow the pro￿ureS laid down in the general Directions gi%En by the Charity Commission (under secbon 145(5)(b) of the Q)aribes A¢ and to state whether particular matters have come to my attention. Basis of independent examinerfs report My examination was carried out In accordarKe with generdl Directions given by the Charity Commisslon. An examination Indudes a review of the accounting records kept by the charty and a comparlson of the accounts presented with tho* record5. It also includes consideration of any unusual items or disdosures in the accounts, and seeking explanatlon5 from the trustees con￿MIng any such matters. The procedures undertaken do not provide all the evIder￿e that would be required in an audit, and consequenljy no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the ststement below. Independent examinerfs statement In connectlon wlth my examinalion, no material matters have come to my attention whlch gives me cause to believe that in, any material respect: accounting records were not kept in accordance with seclion 130 of the Charities Att or the accounts do not accord with the accounting records I have come across no matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be ￿aChed. Rebecca Trifftt, MA4T Prattlce Accountant, Employee of: Phoenix Accountancy and Busine￿ Consutsncy Limited MorteWs Cotrdge, Morle￿5 Yard Walkergate, Beverleyi HU17 9BY Date: SIILkW£ Men In Sheds Be￿IeY Charity No: 1184207 Receipts and Payments Account For the year ended 1st July 2024 2024 2024 2024 2023 2023 2023 Unretslcted Resblcted TO￿ UnrestrfLted Restiicted Total Funds Fund$ Funds Funds Funds Funds RECEIPTS Grants Membershlp F￿9 Donations Sales 3,174 3,674 2,735 2,653 325 11,387 1,500 1,5¢XI 1,250 897 3,058 995 4,397 6,803 2,735 1,353 1325 6,913 1,250 161 995 2,406 4,474 pAYMEP￿s Phone & Intemet Rent Insuran Materials aeaning Materfals statKinery Marketlng Refreshments Ibscrfptions Repairs & Renewals Tralnlng Ac£ounts Tools & Equiwient Sundtles 3¥J 1,430 575 722 353 1,430 575 1,430 1.430 624 326 950 iii 554 639 174 133 2,822 1,103 174 43 216 43 216 174 2,564 174 3,327 5,891 180 142 162 10,018 429 429 1,127 146 142 1,127 146 6,654 4,474 4,454 11,108 Net su￿luSI(deFIdtI for the year tefore tra[￿fer5 1,369 1,369 (4,248) (57) {4,305 funds Net surplusJ{deficlt) for the year 1,369 1,369 {4,248) (57) (4,305 Cash & Bank Balan￿ brought foTrvard 620 73 693 4,868 130 4,998 Cash and bank balances carried forward 1,989 73 062 620 73 693 The notes on pages 10 and 11 fomi part of these financial statements. Men In Sheds Beverley Statement of Assets and Liabilities As at 1st Juty 2024 a)arity No: 1184207 2024 Total Funds 2023 Total Funds Current Account Petty Cash Totsl Monetary knets 2,012 50 546 147 693 Comprising: Unrestricted Funds Restrlcted Funds 1,989 73 620 73 693 Non-monetary Assets and Liabilities Fixed Assets for the Charity's use: rr Equipment- Printer Laptop, Monitor & Soundbar Tools & Equipment 2 Tool Chests Router Table 294 1,304 8,694 294 t,304 8,694 287 287 11,419 Debtors Creditors Accounts Fees Rent (180) (180) (180) (180) and signed on its behalf by; Mr Arthur Harbach, Trustee The notes on pages 10 and 11 fO￿n part of these financial statements. Men In Sheds Beverley Charity No: 1184207 Notes to the Financial Statements For the year ended 1st July 2024 Notes Basis of Prepardtion These accounts have been prepared on a receipts arnl payments (R&P) basis In line with charity commission guidarKe for a charity of this size. This is the first year of operation, the Charftable Incorporated Organisation (CIO) registered with the Charity Commission on 2nd July 2019. Grants 2024 2024 2024 2023 2023 2023 ilnrestslcted Regtrf(*ed Total u￿¢$￿￿cted Restrlcted Trtal F￿nts Funds Funds Funds Funds Woodmansey Parish Council Beverley Llons BeveFley weth¢￿)d Lions ERYC 500 500 500 500 3,174 3,174 3.174 3￿74 500 1,500 1,500 Restricted Funds Balance asat 02107123 Transfers Balance as Incoming Outgoing between at funds 01107124 Robson Reftigerdtion - Plywood Beverley Consolidated Charities ERYC 1,300 (1,300) 73 73 3,174 4,474 73 74 73 A brief descrlption of the restsicted fUr￿S are shown below: io Men In Sheds Beverley Charity No: 1184207 Notes to the Financial Statements For the year ended 1st July 2024 Restricted Funds (Contin1￿1} Robson Refrigeration - Plywood Restritted PIywo(Kl donation received from Rubic for shed improvements Beverley Consolida￿1 Chaiities Restricted paint donation received from Beverfy Consolidatpd Charities to fund new machinery.(fch)I Ches¢ Router Table & work top) East Riding of Yorkshire Coun(il Restricted funds re￿iVed from East Riding of Yorkshire Council, on the reopening of the shed after its improvements on their building. Fixed Assets Men in Sheds BeVer￿Y maintalns a fixed as*t reglster for the Charity. The Fixed Assets register contains both purchased fixed assets and donated fixed assets. Donated assets are valued at market Vall￿ on date donated. Taxation Men in Sheds Beverley Is a registered tharity. All tfE charltles, Income Is applioj to its charitable objectives and the association is therefo￿ exempt under C￿r￿nt legislation from most forn￿ of tsxation. The charity is not VAT registered and all expenditure Includ￿ irrecoverdble VAT. Payments to Trustees No remunerdtion directly or Indirecty out of the funds of the Charity was paid or payable for the year to any Trustee. There was no.reimbursement of travel expenses paid or payable to Trustees in respect of the year. li