REGISTERED COIAPANY NUMBER: CE028222 (England and wa￿S}
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**|**2**to**4**|
|**Independent Examiner's Repor**|**5**|
|**Statement of Financial Activities**|**6**|
|**Statement of Financial Position**|**7**|
|**Notes to the Financial Statements**|**8**to**11**|





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
shreW51￿ry
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
P￿e1

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 aPp￿cable 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 Su￿ound1ng 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. 'SO￿al￿ 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 (ph￿Cal 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 i￿nt 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 im￿ct of lone￿neSS 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 cOMn￿n[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
y￿ndOws, electricity, water or drainage.
Our main 8¢hle¥em8nt has been the near ￿MpletiOn ofthe buikling com1e￿I0n 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. conve￿9 gnd relax t￿ether. deS￿n 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 3h*ldern. 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). Shrok￿hIre Cycle Hub, ShroF6hire Inclusive Dance, RSPB, Shrewsbury Town
Council, a local Glrf GuKle Troop, the Shro￿$hi￿e and West Midland N4ricullur81 Society.
FINANCIAL REVIEW
Financial position
We are vèry grateful for the support of the foll￿*1￿ chatrlies..
Shropshire Masons with matching fu￿ting 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 trUst￿S
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 ACce￿rted 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 We￿10 financial statem8nts for each finandal y88r which give a true
and fair view of the state of affairs of the chavital￿e 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 state￿nts. 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 responsi￿8 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 ts￿ng 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 direct￿5 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 el￿1b19 for independent exa￿An8b'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 carryI￿j 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 CO￿VIeted 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 acknowl￿1ge 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 othe￿ise 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
rr￿nts 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 finan￿al 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 Ire￿nd. 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 RepU￿1C of IrelaThJ':
the requirew*nts 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 Ob￿gation 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 Equipw*nt
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 ma￿r￿j 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 Spe￿fied by Ihe donor or when fuThJs are raised for particular restricted
purposes.
Further explanation of the nature aThJ purpose of each fvnd 15 incl￿ed 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
EqUipr￿nt
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 incI￿je$ a Pay￿￿nI for the creation of Lmrd boxes to be pmduced by
'Shedders' for use in the local area - a tffojeL# Coffy￿1ed in February 2023.
MOVEMENT IN FUNDS
Net
rr￿ement
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, incI￿￿ed in the 8t*)ve ar8 as follows".
InCO￿￿j
resources
Resources
expeN1￿1
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 WOrk￿nCh.
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 r￿1Ved 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