REGISTERED COIAPANY NUMBER: CE028222 (England and waS} REGISTERED CHARifi NUMBER: 1196609 TRUSTEES. REPORT A UNAUDITED FINANC L STATEPIEN FOR THE PERIOD 16 NOVEMBER 2021 TO 31 ECEMBER 2022
SHREWSBURY MEN'S SHED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 16 NOVEMBER 2021 TO 31 DECEMBER 2022
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Repor | 2to4 |
| Independent Examiner's Repor | 5 |
| Statement of Financial Activities | 6 |
| Statement of Financial Position | 7 |
| Notes to the Financial Statements | 8to11 |
SHREWSBURY MEN'S SHED REFERENC AND ADMI FOR THE PERIOD 16 NOVEMBER ISTRATIVE DETAILS 021 TO 310ECEMBE 202 TRUSTEES Mr C G Cutting (appointed 16.11.21) Mr S WRouse (apwNnled 16.11.21) Mr J R Sry¥th (appointed 16.11.21) REGISTERED OFFICE CIO Shropshire & West Showground Gravel Lane shreW51ry SY12PF REGISTERED COMPANY NUMBER CE028222 (England and Wales) REGISTERED CHARITY NUMBER 1196609 INDEPENDENT EXAMINER TCA (Shrewsbury) LLP Third Floor 21 St Mary's Str¢et Shrewsbury Shropshirg SY1 1ED Pe1
SHREWSBURY MENE SHED TRUSTEES. REPORT FOR THE PERIOD 16 NOVEMBER 2021 TO 31 DE R20 The trustees who are abo directors of the Charity for the purposes of the Companies Act 20c. present their report wilh the fin8ncial statements of the chanty for the peri(xJ 16 November 2021 to 31 December 2022. The trustees have adopted the provisions of Ac¢ountirKJ aThJ Rewrting by Charities: Statement of Recommended Practice applicable to charrties prepallng their accounts in accordance with the Financial Reporting Standard aPpcable in the UK and Repubiic of Ireland (FRS 102) (effective 1 January 2019). INCORPORATION The Charitable Incorporated Organisation was incorporated on 16 Novethr 2021. OBJECTIVES AND ACTIVITIES Objectives and aims To promote soual inclusion for the public benefft by preventing particularty but not exclusive men aged 18 or over, vithin Shrewsbury aFKJ the Suound1ng area. from beo)ning soLialty excluded, relieNllng the needs of those people who are socialty excluded and as8ist.ng them to integTale into society through the provision of facilities in which they (an meet jointly 01 individualty to undertake creative, physical or recreational activ¢lies, learn or pass on skn'lls and knowledge and support each other soualty. 'SOal excluded. means being excluded from society. or parts of society, as a result of one or more of the following factors.. unemployment; financial hardship., youth or okl age: IH health (phCal or mental). We provide a space and facilibes where can meet and eNJage with one anothèr. Wherever possible mer7 will be occupied together. whether on individual or int projects. In the process of engaging in this activty they rny releam okl ski115 or develop new ones, acquire knowledge. forge friendshirts arKI share a sense of purr, experrence an increase in self*teem and a greater feeling of belonging to their Com. This airn includes ameliorating the imct of loneneSS in thos& who alreathy feel soc4alty excluded and preventing Othe from feelrKJ excluded. Our attendees, called shedders, range in age from 22 to 89 and come from a wide vallety of backgrounds, occupations and interests. It is with this fik&rrrinded cOMnn[ty of men that they help Ih8ff6el4es continue lo integrat8 into and contribute to souety. The shed has helped those vtho have been at iisk of isolatson through illness (tM)th Ftysical and rnentaD, bereavement, relocation, retirement aThJ old age. Public benefrt In furtherance of these aims the Trustees have compl.1 with the duty in the Charities Act 2011 to have due regard to the Charity Comrrisson's revised wbhshed guidance concerning the operation of Pubjic Benefft requirement Ltnder that Acl. Paae 2
SHREWSBURY MENE SHED TRUSTEES. REPORT MBER 2021 TO 31 DEC HE PERIOD 1 ACHIEVEMENT AND PERFORMANCE Charitable activities Over the past year the charity has engaged in actr¥itses to the publc benefft and Ihat of an incre8sing number of shedders. The charity took out a 1888e on 8 259m2 disused and reduThJant stable bk)ck wtth earth fk)ors and without yndOws, electricity, water or drainage. Our main 8¢hle¥em8nt has been the near MpletiOn ofthe buikling com1eI0n works. It was estimated by local buikjing contrador thal Ihese costs would be approximatety £250,000. The original schedul8 of works was added to in tel of both the range and the qualty of the conversion. It is antiLipated thot this will b8 finished this outumn at a cost of under £50,000. This remarkable achievement has an p(wible in three ways. Th8 financial support from private bgnefacto (£27.882) and grant glving charftles {£9,572). The generosty end support of local businesses by maknng buihling moteria15 and seNices availoble. But above all th& untiring volunteering ol the shedde. This opportunity has forged a tighl-knit and SUPkXSrtive group of men. We hope that the ethos ofthese Shedde will L the basis of the shed 88 11 expands. There will be a W811 of F8m8' in reception which V•ill honour the abov8. At the time of this report the major work remaining iy a >phase eleclrtcal connodlon to certaln largèr tooPs and the installation of a corrmercial kn'tchen. By the end of tho year, we hop8 to have finished th8 'social area. where sheddern will meet. to1oaTn about ookery and cookiThJ. dine. conve9 gnd relax tether. deSn an outside sealirwJ and dining space, build raised horbcultural bods for Ihe future growing 8ThJ sh8nng of plants aThJ kytsjuce. At 31 December 2022, 33 people hod applied and beon accepted a5 3hldern. By 15 Septembgr 2023, fLFrther 31 had apklied and been accepted. We h8vè b8en accepted onto the Isl of 'Soual Prescribing. owanisations wlthin our area of operation and become a slgnatory lo the Armed Forces Covenant. In addtllon we have undertaken work for the follo%ing charities and communty organlsations.. the Armed Forces Charity (SSAFA). ShrokhIre Cycle Hub, ShroF6hire Inclusive Dance, RSPB, Shrewsbury Town Council, a local Glrf GuKle Troop, the Shro$hie and West Midland N4ricullur81 Society. FINANCIAL REVIEW Financial position We are vèry grateful for the support of the foll1 chatrlies.. Shropshire Masons with matching futing from the Masonic Charitoble Foundation., The Millichope Foundation.. The Lady Forrester Trust,. Homes Pluy., National Lottery Communty FuThJ. At 31st Deeemb8r 2022, the free rgseNes of the charity. cakulated as unr9Strict&l lunds less designated funds and 88Sets wore £5,548. STRUCTURE, GOVERNANCE AND MANAGEMETrir Governing document The Chaiitable Incorporated Organisation is controllwj by rts Constitution as deffined ty the Charities Act 2011 and adopted on 16 November 2(r21. Paae 3
SHREWSBURY MENE SHED TRUSTEES. R PERIOD 16 NOVEMBER 2021 T DECEMBER 2022 STRUCTURE. GOVERNANCE AND MANAGEMENT Recrustment and appointment of new trUstS Trustees have been recruited by person81 iecommeThJalion and based on skills and pètsonal qualits'es that we dggm appropriate to the ¢haiitabl8 oll'ects of Shrewsbury Men's Shed. TRUSTEES. RESPONSIBIUTY STATEMENT The trustees (who are 81so Ihe directors of Shrewsbury Men's Shed for the purposes of company 18w) are responsible for Preparing the Trustees. Report and the financi81 statements in accordance with applicable law and United Kingdom Accounting Slandards (Untted Kingdom Generalty ACcerted Accounting Praclice) including Financial Rgporting Standard 102 Tr Finan¢ial Reporting Standard appthcable in the UK and Republic of Ireland". Company law r8quiros the trustees to We10 financial statem8nts for each finandal y88r which give a true and fair view of the state of affairs of the chavitale company aml of the incoffing resour$ aTrJ application of resources. including the income and expenditure, of the charilablg company for that poriod. In preparing thos8 financial statents. the trustees are required to select suitable accounting wlicies and then app them c(Thistenty'. ot£eNe the melhods and prinupley in the Charity SORP,. make judg6ments and estimates th81 are Teasonable and wudenl.. prepare the financial statements on the going con¢efn basis unl8SS It is inapprowiate to pr8sume th8t the charitable comwny wlll conlnue in busin8SS. The Irusl86s are responsi8 for keeKlng woper a¢¢ounting records vthich dls¢kM *ith reasonabse accuracy al any lime the financial position of the chaiitable company and to enable them lo ensure that the financial statements compty with Ihg Companies Act 20Cffj. They are also reskx)nSib for safeguarding the assets of the chantable company and hence for tsng reasonable steps for the w6vention and detection of fr&ud and other irregulorilies. Approved by order ol the board oftntst8Os on ......... . and sign8d on Its beh81f by.. Mr C G Cutting - Trustee Pa]e4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHREWS8URY MEN'S SHED Independent examinerfs report to the trustees ol Shrewsbury Mèn's Shed Ilhe CompanWI I rewrt to the chartfy trustees on my exarrination of the accounts of the Company for the period 16 November 2021 to 31 December 2022. Responsibllities and basis of report As the charity's trustees of the Company {arKI also its direct5 for the PUTFK)ses of company law) you are responsible for the preparation of the accounts in accordanee 7hith the requirements of the Cornpanies Act 2006 (Ihe 2006 Acr). Having satisfied myself that the account5 of the Company are not required to be audited under Part 16 of the 2006 Act and are el1b19 for independent exaAn8b'On. I report in respèct of my exawination of your charity's aGcounts as carried out under Section 145 of the Chatibes Aet 2011 nhe 2011 Act?. In carryIj out my examination I have followed tho Directions given by Ihe Chanty ComrThssion uThJor Sedion 145{5) {b) of the 2011 Act. Independenl examin•rfs statement I have COVIeted my 8xamination. I confirm that no mttets hava corn to attention in conngction with the examination giving me cause to beli8Ve'. accounting reGords were not k8Frt in respect of the Coryany as rgquired by Section 386 of the 2006 Act., or the accounts do not accord with thcw records.. or the accounts do not with the ac¢ounting requirements of Seclion 396 of th8 2006 Act other than ony requirement that the accounts give a true and fair view which not 8 tr*tt6r considarod as part of an independent examination., or the accounts have not been prepared in accordance with the methrAts and principles of the Statement of Recommended Practice for accounts'ng and roF()rting by charitie5 (applicable lo charities prepaling their accounts in accordance with Fin8nL?81 Reporting Standard appkable in the UK and Republic of Ifeland IFRS 102)). I have no concerns and have come across no other matters In connection vthh the exafflination to which attention shoukl be drawn in this report in order to enable a propor understanding of the a¢counts to be re8ch8d. C MooWn-V¥llllanB Bsc FCA TCA {Shrewsbury) LLP Third Floor 21 Sl Mary's Street Shrewsbury Shrop5hire SY1 1ED Date.. 2C)kn ..Cllo..D.@ 2022 Paae 5
BURY M STATEMENT OF FINAN IAL ACTIVITI RIOD 16 NOVEMBER 2021 31 DECE R THEP Unrestricted Restiicted fund funds Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 27.683 23,245 50,928 Charitable activities General 749 749 Total 28,432 23,245 EXPENDITURE ON Charitable activities General NET INCOME 22,313 23.245 45,558 TOTAL FUNDS CARRIED FORWARD 22,313 23.245 45,558 CONTINUING OPERATIONS All incorne and expenditure ha5 arisen from continuiro activi1se5. The notes fomi part ofthese finanaal statements Paoe 6
SHE STA MENT OF FINANCIAL posmo 31D CEMB R 2022 Unrestricled Restricted fijnd furKIs Total funds Notes FIXED ASSETS Tangible assets 16.765 15,915 32,680 CURRENT ASSETS Stock5 Debto Cash at bank 130 124 130 124 CREDITORS Amounts fallirkg due within one year 7.741 7,330 15,071 (2.193) 12,193) NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABIUTIES 22.313 23.245 45,558 NET ASSETS 23,245 FUNDS Unrestricted furMIs Restricted funds 22,313 23.245 TOTAL FUNDS 45.558 The charitable company is entitted to exempb'on from audrt under Sedion 477 of the Companies Act 2006 for the period ended 31 Decembei 2022. The members have not requir&J the corryany to obtsin an audit of r15 finanaal statements for the period ended 31 Decembef 2022 in accordance wth Section 476 of the Companies Act 2006. The trustees acknowl1ge theii reswjnsibilities for (a) ensuring that the charitable company keekts accounting records that compW with Sections 386 and 387 ofth8 Companies Act 20ChS and PTeparing financial statements which gNe a true and fair of the state of affai of the charitable company as at the end of each financial year and of its SLFrplus or deficft for each finan(#al year in accordance with the requirements of Sections 394 arKI 395 and which otheise conyty with the requirements of the Companies Act 2006 relatiw to financial statements. so far as applicable to the awitable company. {b) These financial statements have been prepared in accordance wth the wovi5ions apth'cable to charilable companies subject to the small MpanIeS iegime. Tha rrnts were ¥pprovéd by thè Board of Trustses #Lrthorisèd for issue on . and were signed on its behaw by.. Mrc G Cuttin rustee The notes foim part of these finanaal ststements Paoe 7
SHREWSBURY AIEN'S SHED NOTES TO THE FINANCIAL STA TEMEr ERIOD 16 NOVEMBER 2021 TO 31 DECEMBER FORT ACCOUNTING POLICIES Basis of preparing the financial statements The finanal statements of the eharttable coryjany. which ts a put4c benefft entity under FRS 102, have been prepared in accordance th the Chaiities SORP (FRS 102) 'A¢counting and Reporling by Charrknes.. Statement of Recommended Practice applicable to charities preparing their accourlts in accordarice with the Financial Reporb"ng Standard applicabse in the UK and Republic of Ireland {FRS 1021 (effective 1 January 2019)., Finanaal Reporting Standard 102 The Financial Reporttng Standard applicable in Ihe UK and Republic of Irend. the Corryanies Act 2006. The financial slatements have been prepared under the historical cost con¥enlion. Financial reporting standard 102- reduced dis¢losure exemptions The charitable company has taken advantage of the followng disclosure exernpkn.ons in preparing these financial statements, as pemmtted by FRS 102 The Financial Reporttng Standard apptic8ble in the UK and RepU1C of IrelaThJ': the requirewnts of Seclion 7 Statement of Cash Flows. the requirerrEnt of paragraph 3.17{d),' the iequirements of paragraphs 11.42. 11.44. 11.45, 11.47. 11.48{a)(iii). 11.48(a)(Iv), 11.48{b) and 1148{c),' the requirements of paragiaph5 12.26. 12.27, 12.29(a). 12.29lb) aTrJ 12.29A: the requirement of paragraph 33.7. Income All income ts recognised in the Statement of Finanaal Athities once the charity has entitlement lo the lunds. it is probable that the incorrE will be received and the amount can be rneasured rel'abty. Expenditure Liatmlilies are recognised as expenditure as soon as there is a legal OT constructive obligation committing the chartty to that expenditufe, it is probable that a transfer of economic beneffts wll be required in settlement and the amount of the Obgation can be measured reliably. Expendrture is accounted for on an accruals basis and has been classiffied under headings that aggregate 811 cost related to the category. Where costs cannot be directty altributed to parttcular headings they have been allocated to aclivities on a b8sFs cortsistent with the use of resources. Tangible fixed assets Depreciation 15 provided at the folk)wing annual rates in order to write off each asset over its estimated useful life. The Shed Woodworking Machinery Power TooLs TOOLS and Equipwnt Fumiture rMI deweaation nil deweciation 25% straigm line 20% straight line nFI depretaation The board have considered the carrying value of the assets. Some assets were purchased at less than market value and therefore for these assets, the trM)ard have not included an estimate for depreciation. wrll conb.nue to review the assets residual values. useful lives and depreaation methods and adjust prospectivety rf apwopriate, or if there Fs an irKlication of swJnificant change since the last teporb.ng date. Stock$ Stocks are valued at the lower of cost and n8t realisable value. after marj due allowance ft)r obsolete and slow rr#)ving r(erns. Taxation The charity exempt from corporation tax on its charitabte actplihes. Paoe 8 conlinu8d...
SHREWSBURY MEN'S SHED NOTES TO THE FINANCIAL STATEM NTS - continue OR THE PERIOD 16 NOVEMBER 2021 0 31 DECEMBE ACCOUNTING POLICIES - ¢ontinued Fund accounting Unlestricted fvnds can t¢ used in accordance with Ihe charitable 0tr4eclJves at the discretion of the trustees. Restricted funds can onty be used for parficular restricted wrposes within the objects of the charity. Reslriclions arise when Spefied by Ihe donor or when fuThJs are raised for particular restricted purposes. Further explanation of the nature aThJ purpose of each fvnd 15 incled in the notes to the financaal statements. Cash at bankand in hand Cash at bank and in hand includes cash and short-term highty lUId investments with a short maturity of three months or tess trom the date of acquisitson or openiTrJ ofthe depo%t or sinwlar account. Financial Instruments The charty onty has financial assets and financial hatrilitres of a that qualify as basic financial instruments. 8asic financial instnJThnts are initialty recognised at transaction value and subsequently measured at their settlement value. NET INCOMEIIEXPENDITURE) Net incomel{expenditure) is stated after chargingl{creditFng).' DeprecÉation- owned assets 698 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. renwneration or other benefiis for the Feriod ended 31 December 2022. Trust8es' expenses There were no trustees, experws paKJ for the pwicxl eThJed 31 Decenknr 2022. TANGIBLE FIXED ASSErs Woothyorking machinery The Shed Fumiiure COST Addttions DEPRECIATION Charge for year NET BOOK VALUE At 31 December 2022 25.170 2.531 2.693 Paoe 9 continued...
SHREWSBURY MEN'S SHED TES TO THE FINANCIAL STATEMENTS - continued PERIO 6 NOVEM ER 2021 TO 31 DEC MBER 20 FOR TANGIBLE FIXED ASSETS- continued Power Too15 TOOLS and EqUiprnt Totals COST Addrtions DEPRECIATION Charge for year 507 191 698 NET BOOK VALUE At 31 December 2022 1.516 770 STOCKS Stocks 130 DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR Piepayments and accrued income 124 CREDITORS: AMOUNTS FALLING DUE MTHIN ONE YEAR Trade creditors Accru8fs and deferred income 2,143 50 2,193 Deferred income includes Inco receNed duriThJ the year of £50, which relates to the financial year ended 31 December 2023. This incIje$ a PaynI for the creation of Lmrd boxes to be pmduced by 'Shedders' for use in the local area - a tffojeL# Coffy1ed in February 2023. MOVEMENT IN FUNDS Net rrement in funds At 31.12.22 Unrestricted funds General fund 22,313 22,313 Restricted funds Shed refurbishment Accessible Workbench Fund Electrical Installation Fund 14,995 1,250 14.995 1.250 23.245 TOTAL FUNDS Paoe 10 continued...
SHREWSBURY MEN'S SHED NOTES TO Th FOR THE P RIOD FINANCIAL STAT OVEM R202 MENTS - continued 0 31 DECEMBER 022 MOVEMENTIN FUNDS- continued Net movement in funds, incIed in the 8t*)ve ar8 as follows". InCOj resources Resources expeN11 Movement in funds Unrestricted funds General fund 28.432 (6.119) 22,313 Restricted funds Shed relurbishment Accessible Workbench Fund Electrical Installation Fund 14,995 1,250 14,995 1.250 TOTAL FUND8 The Shed iefurt4shm&nt furKI represents lunds receNed in relation to the Shod Bulhj and ir¢stallatton of a concrete floor. Ttrlls fund has lu invested in the Shed. The accessible workbench fund relates to grant incom8 received in SUFPOrt of the instsllation of wheelchair a¢c8wble WOrknCh. The Electrical furKI relates to monies recelved to supp)rt wtth the installation of 6lectridty at the Shad. RELATED PARTY DISCL03URE3 During the ye8r, tho Charity r1Ved donations of £21.033, from a Tntstee in respoct of the set up and establi5hmgnl of Shrowsbury Men's Shed in the community. During the ygar. the Charity paid £960 to a Trustee, for architectural drawings utilised dunng the refuthshmont ofthe Shed. Ttms transaction was con¢lud¢d on an ami's b88iS. Paoe11