REGISTERED COMPANY NUMBER.- CE028222 {England and Wales) REGISTERED CHARITY NUMBER: 1196609 SHREWSBURY MEN'S SHED TRUSTEES. RE RT NA FINANCIAL TATEMENT THE YEAR ENOED 31 0 **SHREWSBURY MEN'S SHED** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** |||**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**|
**to**8| |**Notes to the Financial Statements**|**9**|
**to 14**| SHREW BURY MEN'S SHED REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR E 1 DECEMBER 2023 TRUSTEES Mr C G Cutting Iresuned 21 10.24 Mr G Dixon lapwnted 21.10.241 Ms K A Evans lapp(Mnled 21.10.241 Mr A G McLachlan lapwnled 21.10.241 Mr S W Rouse MfJRSmith Mf M J Thomas {appointed 21.10.241 REGISTERED OFFICE CIO shropshi￿ & West MKI Showground Gravel La Sh(￿tsbUry SY1 2PF REGISTERED COMPANY 14UM8ER CE028222 (England and Wa￿) REGISTERED CHARITY NUMBER 1196609 INDEPENDENT EXAMINER TCA IShrth¥st￿ryl LLP Third Flcor 21 Si Mary's Street Shre￿bUry Shropshire SY1 1ED Page 1 SHREWSBURY MEN'S SHED TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees who are also directors of Ihe chanty for the purposes of the Comp8nie5 Act 20Cfj. present their report with the financial statements of the ch8nty for the year ended 31 ￿efflber 2023. The Iruslees have adopted the provIs￿n$ of Accounting and Reporting by Charrt￿S'. Statement of Recommended Practice appluble to ¢harrties preparing their ￿ount$ in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffectsve 1 January 20191. OBJECMVES AND ACTIVITIES ObjectIv￿ and aims To promote scti81 inclusKJn for the publ￿ benefft by p￿ventIng partKulady but not exclusively men aged 18 or over, wi(hin Shrewsbury and the surrounding area. from becc4ning s￿la1￿ excluded, re1￿Ing the needs of those people who are sccially excluded and assisting Ihem lo integrate into soc+ety through the provision of facililEs in whKh they can ffeet It￿nIty or indNklualty lo undertake Creative, physKal or recreational activrtie3. K8am or pa88 on skills and krbcNAedge and support e&h other sOc￿lty. 'Socially excluded, means being excluded fr¢yn swiety. or parts of s(t*, 85 a re5Urt of or more of loll¢)wing fxtors.. unemployment., financHI hardship", youth or old age,. ill heamh Iphysul or mentall. Wè provide a space and fxilities where men can meet and engage with one another. ltherever possible men will be ￿¢UpIed together. whether on Ind￿￿ual or joint projects. In the prccess ol engaging in Ihts activty they may re￿aM old skills CY develop new ones. wuire knowledge, forge friendships and share a sense of purpose. expwEnce an increase in seW*sleem and 9￿8t0r feeling of belonging to th￿r communty. Thig aim includes ameliorating the impact of k)Mlinoss in those vtho already feel SO¢￿Ity excluded and preventing olhels from feeling excluded. Our attendees. called Shedders, range In age from 22 10 89 and Come from a wide var• of bxkground8. c￿cUpationS and inleresls. 11 Is wrth thi5 like-minded communty of men that they help themselv08 continue to integrate into and contribute lo society. The shed hos helped th08e who have been * nsk of isolalion Ihffjugh ilkness (b(￿h physical and mental), bereavement, rak¢at￿n, retirement and okl tye Publlc ben•fit In furtheTaneè of these aim8 the Tntslees have eompli•J with the duty in the Charities Act 2011 lo have due regard lo tho Charity Commisson's rewsed published guKlance conceming the operat￿￿ of Public Benefit requirement under that Act. Page 2 SHREWSBURY MEN'S SHED TRUSTEES. REPORT DED 31 DECEMBER 20 TH ACHIEVEMENT AND PERFORMANCE Charltable activities Over the past year the chaTty has engaged in xtMt*s lo toth the public LEnefrt and that of an increasing number of shedders. In 2021, the Charty look out a ￿ase on a 259m2 dLsused and redundant slable bIr￿k with earth floors and wfthout windows. dectricity, walef or drainage and dLtring the 2022 financial yeaT and into the Current 2023 financial year has converted that Stab￿ bkjck into a fully opefatK)nal Shed wrth a Meta￿rk and welding shop, a woodwork shop and an 8CYn2 open plan scck31, krtchen and dining area. The Shed has a capital value of just over £50.0￿ representing the funds directly spent on creating the new bijilding, bul this underplays tho huge conlfibLrtion made by Shedders In completsng the work ot) the building and all of the other actNities that arise because such a building exists. To dale 17,300 hours of volunteer labour have been invested on the srte. whth rf costed at minimum wage have a valuè of approximately £2CQ,000. 2023 has however, been a year of consolMIat￿n. Lxmplebng the Shed devewnent work, ¢ompleting ancillary work such as fencing 8fKI a palio arga. continuing lo expand the number of Shedders and building Telalionships with the Sh(Mground where the Shed is based. other loKal organisalions and potential commissioners I funders. Many of Ihe rel*K)nships wrth eommissioners l fvnders have come lo fruition during 2024 and will be expanded upon in next years Trustee's Re[￿. including the $￿ftrfUnt funding that the Shed has been able to generate fof further local devek)pmenls. Al the lim& of Writing Ihe roll of Shedders totsL8 nearly 130 and the Shed open$ rts d¢)ors S* days every week. Relalionships and proj'ect teams have been built to d8lNer for the community, and often wi(h the communty. L￿kIng foThvards, rt is important Ihol the Shed devekps rt's capocty lo be financially 8uslainable, rety less on ieslricled grant inco￿￿ and rety m(xe on income generatgd throLwJh regular commercial ¥tivilies. such as commission8d project work, equipment Sa￿ and rental Income. The Shed also receives a small amount of income through personal and eofporale sponsorship and has started lo expand this in 2024. Given developments in 2024, the Trusl¢e$ are conf*Jenl that the She<1 Is an effe¢tw8 going concem. FINANCIAL REwew Fin•n¢5al posltlon The accounts show income of £25.28012022.' £51.677) and expenditure of £10.76912022." £6,119) reSU￿1n9 in a net increase in funds of £14,511 {2022." incfease of £45.5581. Ai the year end the charity had £60,G69 funds to Cgrry fcThard {2022.. £45,S581, £1,250 01 whKh was reslrtted.12022.. £23,245). The balance sheet shows net current I￿lIrt￿8 at the year end of £2.69412022.' net assets d £12,878). The Tru51ees are c¢ynfortable that following the eslablk8hment of The Shed. future funds can now be used for project work in line with the charrty's objects. Post year end. the eharity has ro¢eNed over £50,000 lo date in grant inC￿e. Al 31 Deeember 2023, the free reserves of the chaTty. calcu￿ted as Unrestr￿ted ftjnds less designated fvnds and fixed assets were a def￿11 of £2.694 12022.. a surplus of £5,548). This Is due to the fact that most of the charity's funds have been invested in the Shed. which Ihe Truslees are confident will be a valuable resou￿6 for yew¥ lo come. They anticipate a surplus in free reserves by 31st December 2024. Reserées pollcy Wrth the Shed now in fvll operation. the resefves pJlicy of the charity is currenlty under review by the board of Trustees. Al 31 December 2023, the free reseryes of Ihe charty were a deT￿rt of £2,694, wh￿h the Trustees acknowledge i8 a reflect￿ of thg signthcarf investrnenl of funds into the Shed. STRUCTURE. GOVERNANCE AND MANAGEMENT Go¥ernlng document The Chafrtable Incorporate(l Organisatb)n is controlled by it8 Constrtution a8 defined by the Charities Act 2011 and adopted on 16 November 2021. P4e3 SHREWSBURY MEN'S SHED TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 STRUCTURE, GOVERNANCE AP4D IblANAGEMENT Recrultment and appolntmttnt of new tn￿teaS Trustees have been recrurted by personal recoff#mendation bawj on ski115 arKI per8on81 qualit￿ that we deem appropriate to the Charitab￿ cèj'ects ol ShrvH5bury M8n'$ Shed. TRUSTEES. RESPONS181UTY STATEMENT The trustees Iwho are also the directors of Shrthvsbury Men's Shed for the purposes of c(ynpany lawl are responsibb for preparing the Trustees. Report and the financial Statements in accordance wrth applicable Iw and United Kingdom Acwjnting Standards (Unrted Kingdcm Getwally Aceeplèd A¢¢ounting Practice) including Financial Reporting Standard 102 'The Financial Rewting Standard applKable in the UK and Republic of IreL4nd'. Company law r8quires the truslees lo prepare finanua staterwrts for eKh financial year wh￿h gN• a true and fair view of the slate of affairs of the Charrtab￿ company and of the irwning resources and application of resources, including the income and expendrture, of the charrtable c￿PanY fof that Feriod. In preparing those finan￿al statements, the trustees are required to Select surtable &xl￿nting [d￿leS arKI then appty them consi81enlty', eèserve the methods and principks In the Chanty SORP," make judgements and eslimales that are reasonabkn arKI prudent.. prepare the financ￿1 statements on the going corK•rn basts unkns it inapprcf*nate to prasume that the charitable cc¥npany wll continue in bu*ness. The Iruslees arè re$pon$ible for keeping proper accounting records whLh dL8cIose wrth reasonab￿ accuracy at any lime the financkgl pOSrt￿n of the charrtable company and to enable them to ensure thal the ffinanc￿l statements compw wrth the C¢ynpan￿ Act 20C6. They are also responsible lor sale9uarding the assets of the chartsble company and taking reasonable steps for the pteventK*n and detection of traud and other lrregularrt￿$. Approved by order of the board ol tntstees cn .. 3.1...CLr.o.k*r 20L4 and 81gned on its behalf by.. MrSWRouse.Ta P8ge 4 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHREWSBURY MEN'S SHED Indownd•nt •xaminerfs rgport to tho trustees of Shre￿bUry Men's Shed (Yhe Company'l I report lo the charity trustees on my examination of the accounls of the Company for the year ended 31 December 2023. Roswnslbllltles and basis of report As the charty's trustees of the Company land a150 rts director8 for the wrpo8es of company lawl you are responsib18 for the preparatN)n of the &tounts in a￿Ordar￿e with the reouirernents of the CCwnpan￿S Act 20C6 {'Ihe 2￿6 Act'}. Havirg satisfied mysew that Ihe accounts of the Company are not requirad lo be audited undei Part 16 of the 20C6 A¢1 and are dIgib￿ for independent examination, I report in respect of my examination of your charity's accounls as carr*d out under SectKJn 145 01 the Charrtw Act 2011 I'lhe 2011 ky). In carrying out my eXaMinat￿n I have foll¢ywed tho Directi￿$ gNen by the Charty C(￿￿1$S1On under seCt￿n 145151 Ibl of the 2011 Act. Independent ex•mlnerfs stat•m•nt I have comp¢eted my examination. I confinn th81 no maltefs have ¢ome to ry attent￿n in connection with the examination giviThJ cause lo believe." accounlitYJ r￿ordS wgre not kept in respect of the c￿panY as requif•J by Sect*)n 386 of the 2006 Act", or the accounts do nol acc￿￿ with those reco￿5., or the accounts do not compty with the ￿luntIng requirements of Secth)n 396 of the 2006 Act other than any requirement that the ￿cOUnt$ gNe a true and fair vie•V which is not a matter considered a5 part ol an independènt examinalion. ¢y the accounts have not been preparèd in aecordants wth the ￿thC•￿8 and principkn of the Statement of Rec¢)mmended praCt￿e for accounting and reporting by charrties (applicable lo charities preparing their accounts in accordance wrth the Fmanryal Reporting Standard applubl• ￿ the UK and Republic of Ireland IFRS 10211. I have no eonc•rns and have come across no olher matters in connect*)n with the examination to wh¢eh 8ttenlion should te drawn In this report in cvder lo enab￿ a propèr unders¢anding of the accounts lo bg reached. oeJ*n-IDI Ilioms C Mo8￿n-￿Ill4rns Bsc FCA TCA Ishwsburyl LLP Third Floof 21 Sl Mary's Stre Shrewsbury Shropshire SY1 1ED Date.. Page 5 SHREWS8URY MEN'S SHED STATEMENT OF FINANCIAL ACThTIES OR THE YEAR ENDEO 31 DECEMBER Period 16.11.21 lo 31.12.22 Total funds Year Ended 31.12.23 Total funds Unreslricled Rest￿e0 fund funds INCOME AND ENDOWMENTS FROM Donations and ￿ga¢leS 15,804 4.800 20,604 50,928 Charitable actlvltl General 4,676 4.676 749 T¢)tal 20 480 4,800 51,677 EXPENDITURE 014 Chadtsbl• actlvltl•• Ganeral 10,697 72 NET INCOME Tran8f•r8 betwoen lunds 9,783 26,723 4,728 14.511 45.558 Net mov•m•nt In fund• 121,9951 14,511 45,558 RECONCILIAT10tr4 OF FUNDS Total funds brought fopwaryl 22.313 23.245 45.558 TOTAL FUNDS CARRIED FORWARD 58.819 1.250 45,S58 CONTINUING OPERATIONS All income and expendrture has arb8en from continuin9 8CtNrtw. The nths form part oftW ffinancial $Litements Page 6 SHREWSBURY MEN'S SHED TATEMENT OF FINANCIAL PO 1 DECEM 2￿23 Total frJnds 2022 T¢)tal fiJnd$ UnrestrKt&l Restncted fuThJ funds Notes FIXED ASSETS Tangible assets 61,513 1,250 62,763 32,680 CURRENT ASSETS Stocks Debtors Cash at bank 130 124 1,445 3.318 1,445 3,318 4.763 4.763 15.071 CREDITORS Amounts falling due within one year 17.45n 17,4571 12,1931 NET CURRENT ASSETS 2.694 2,694 TOTAL ASSETS LESS CURRENT LIABILITIES 58,819 1.250 60,C69 45.558 NET ASSETS 58.819 FUNOS Unrg$iricled funds Restricted funds 58,819 22,313 TOTAL FUNDS The charitable company is entitled to eXefflpti￿ wdrt under S￿1￿)n 477 of C¢)mpanie$ Act 20Cfj for tha year ended 31 December 2023. The members have not required the company lo obtain an audrt of 11$ ffinanc￿l Slalemerts for the y88r ended 31 December 2023 in accofdance with seCt￿)n 476 of the Companw Acl 2006. The trustees ackntyvledge their reS￿S￿lI￿leS for al ensuring that the Chantab￿ company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financ￿1 statements which give a true and fair view of the state of affairs of the Chariloble company as at the end of each financkgl year and of rts surplus or dor￿tI for each financi81 year in accordance wrth the requirements of Sect￿n$ 394 and 395 and which otherwise comply wrth the requirements of the Companie5 Act 21KE rel8ts.ng lo fi'nanaal statements, so far a$ aPp1￿abkn lo the Charitab￿ ¢Mipany. Ibl The notes form part of these financial state￿￿nts P&Je 7 onts'nugd... SHREWSBURY MEN'S SHED STATEMENT F FINANCIAL posinoN- 31 DECEM8ER 2023 ntlnued These financial statements have been prepared in xcordance wrth the prov￿￿)ft$ applicable to charit*le ompanyas subject lo the sm811 eL¥npanw reginw. The financ￿1 stslo ts were approved by the Board of Truslees and aulhonsed fty issue on ..31. ocrakXt....Yz¥ . and were signed ￿ its behaw by Mr S W Rouse- Trustee The notes fom) part ofthese finanoal slatemenl$ Page 8 SHREWS8URY MEpfs SHED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END 1 DECEMBER 2023 ACCOUNnNG POUCIES Basis of preparing the financial statements The financ￿1 statements of the Cttarrtab￿ company, which is a public benefft enlty under FRS 102, have been Prepar￿ In ￿CordanCe with the Chantw SORP IFRS 1021 'Accounttng and R8POrting by Chant*s'. Slatement of Reccrfnmended PractKe appl￿b￿ to chanh.es prepariry thetr accounts in a¢cgrdance wr¢h the Financ￿1 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectwe 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republ￿ of IrelarKI' and the Conwanw Act 2006. The firbancral statements have been prepared under the hisl¢)rtal cost conventi￿. Flnantlal roportlng slandard 102- reduced dl8closurg gx8mp¢ions The charrtable cc4npany has taken advantage of the fdlcY￿ng disclosure exemplws in preparing these financLg1 statements. as by FRS 102 'The Financial ReportiNJ Standard appliGable in the UK and Republ￿ of I￿land,. the requirnmerts of Sects'on 7 Siatement of Cash Flryws: the requirement of paiagraph 3.17ldl", the req¢Jirements of paragraphs 11.42, 11.44. 11.45. 11.47. 11.4818)liiil. 11.48(a)livl, 11.481bl and 11.481¢1'. the requirements of paragraphs 12.26. 12.27. 12.291al. 12.29(bl and 12.29A.. the rwjuirement of paragraph 33.7. In¢om8 All inccffie is rrfognffj¢d in the Siatemenl of Finan¢ial AdNities once the charty ha8 entitlement lo tho lund¥. rt is wcthbLg that the income will be and the amount can be measured reliably. Exp•ndhuf• Li8bilrties are r￿QgnISed 8$ expenditu￿ as soon as there 18 8 *al or conslruclN8 obligation committing the charity lo that expendrture. rt is Probab￿ that a transfer of ¢¢onomic benefits will be required in settlement and the ￿0￿nI of the obligation can bè measurfyj reliabty. Expendrture is counted for on an accrua15 basis and has been classified under h￿aing6 that aggrogate all c081 lated lo tho category. whe￿ costs cannot be direclty attribuied lo particular hèadings they have been alhxoled lo act￿rt￿ on a ba8L% consistent wrth the use ol iesoureos. Tangiblg flxed assois DepreCiat￿n Is provided at the fonm'ng annual rales wi ¢Jrder lo write off 0￿h asset over it8 O81imaleil usefvl lrfe. The Sh•d w&?￿OrkIng Mxhir Power Tools ToJ15 and Equipw￿t FLsrnilure 30 years Stra￿h1 line nil deprecIat￿n 25% slraKJhl line 20% straight line nil depreCk3t￿n The board have eonsidered Ihe carying value of the asset5 Some a￿81$ were purchased at less than market value and Iherefoffj for these assets. the b)ard have not included an estimate for depfec181ion, bul will continue lo review the assets resK1ual values, usgfvl lives and depreciation methods and adjust prospectwety rf apprc4)n'ate, or rf Iherg is an indK*ion of signrficant change since the last reporting date. Taxatlon The charty is exempt from corwralion lax on its Charitab￿ activthes. Fund accountlng Unrestri¢ted funds ￿ be used in accordance with the charitable obj'eclives at the discrgtK)n of the Irustees. Page 9 conts'nued... SHREWSBURY MEN'S SHED NOTES TO THE FINANCIAL STATEMEKfs - continuad R THE YEAR ENDED 31 DECEMBER 2023 ACCOUNnNG POUCIES - continu•d Fund accountlng Resliicte(J funds can onty be used for part￿Lir restricted purposes within the oty* of the chanty. RestrI￿￿anS arise when specifÈd by ￿ ¢*Jnor or wthen funds are raised for particular restricted purposes. Further explanation of the natu￿ and puw of fund 1$ i￿luded in the notes to the financial statements. Cash at bank and hand Cash at bank and in hand includes cash and shcvl-lemi hrdhty liquKI inve51menls th a short matunty of three months or less froffl the ¢Jate of xquisrtwi or cpening of the deposrt or wmilar account. Flnanclal Instruments The charty only has financial assets and fmancial liabilrt188 of a kind that qualrfy as basic financial instruments Bas￿ financial Inslruments are Init￿lty recLYdnis&J at Iran&iction value and subsequently measured al their settlgmenl value. 08btor¥ Trade aryj other debtors are rwnised at the 8ettknnent amount after any 118de discount offered. Prepayments are valued at the alr￿n1 prepaN4 nel of any trad9 dtscounls due. NET INCOMEIIEXPENDITURE) Net inCo￿{8￿nd￿u￿I 18 sta￿1 after thargiW{creditiryl'. Period 16.11.21 lo 31.12.22 Year Ended 31.12.23 Deprnua1￿n. assets 698 TRUSTEES. REMUNERATION AND BENEFITS There wefe no Iru81ees' remuneration or cther beneffts for the year ended 31 D&emker 2023 nor for the period ended 31 De¢ernber 2022. Trust￿. •xpensos The￿ were no trustee5' eynses pahj fc* year ond•J 31 D￿ernber 2023 nor for the period ended 31 December 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcnwTrES Unreslricled Rest￿ted fund funds Total funds INCOME AND ENOOWMENTS FROM Donations and kga¢ 27,683 23,245 50,928 Charltable •¢fjvitl•s General 749 749 Totsl 28,432 23,245 EXPENDITURE ON Page 10 continued... SHREWSBURY MEN'S SHED NOTES TO THE FINANCIAL STATEMENTS- contlnu•d RTH D 31 DECEMBER 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued unrestn.cted Restricted fund ftjnds Total funds Charltabl• actlvltle• General 8.119 NEf INCOME 22.313 23,245 45,558 TOTAL FUNDS CARRIED FORWARD 22.313 23.245 45,$58 TANGIBLE FIXED ASSETS Wcooworking machinery Thesh Fumrture COST Al 1 January 2023 Addrtion8 25.170 2,531 2.693 120 At 31 December 2023 S3.179 4,616 DEPRECIATION Al 1 January 2023 Chorge for year At 3108¢ember 2023 PIET BOOK VALUE At 31 December 2023 514 AI 31 DKembgr 2022 25,170 2.531 2693 Pthver Too Tools and Equipmgnl Tota18 COST Al 1 January 2023 Additions 2.023 33,378 Al 31 December 2023 2.829 3,130 86.567 DEPRECIATION Al 1 January 2023 Charge for year 507 707 191 626 3.106 At 31 Deeember 2023 1.214 817 NET 800K VALUE At 31 Decembw 2023 1.615 62,763 At 31 D&ember 2022 770 32,680 Page11 continued... SHREWSBURY IAEN'S SHED NOTES TO THE FINANCIAL STATEMEKfs - contlnu FOR THE YEAR ENDED 31 DECEMBER 2023 STOCKS 2023 2022 Stocks DEBTORS: AMOUNTS FALUNG DUE WITHIII ONE YEAR 2023 Trade deblors Prepayments and 8ccfupoJ in¢c 1.142 303 124 1.445 124 CREDITORS: AKIUNTS FALUNG DUE WIThIN ONE YEAR 2023 2022 Trade credrtors ACC￿￿15 and deferred income 7,457 2,143 so In the prior ygar, irKLwre of £50 was deferred lo b• rob¥8ed in the financral year ended 310ecember 2023 Thi¥ included a payment ￿ Ihe e￿allOn ol bird boxes lo be produced by Shedders for usa in the local area - a project completed In February 2023. MOVEMENT IN FUNDS Net movemenl in funds Transfers be￿88n funds At 31.12.23 Al 11.23 Unrgstrlcted fund• Gener81 fijnd 22.313 9,783 26.723 58,819 R•strlct•d lund• Shed refurfoishment A¢¢es$ible Workbench Fund El8Ctrul InstalL4lion Fund RSP8 8ifd Boxes Fund Log Bumef Purchase 14.995 1,250 114,9951 1,250 4.000 1221 750 111,000) 501 23,245 4.728 26.723 TOTAL FUNDS Page 12 continued... SHREWSBURY MEN'S SHED NOTES TO THE FINANCIAL STATEMENTS - continued THE YEAR ENDEO 31 DECEMB MOVEMENT IN FUNDS- continuod Net movement in funds. included in the ab)ve a￿ as folh)w5.' Irthming Resources Movement reswrLW expended I fund8 Unrestrict8d lunds General fund 20.480 110.6971 9.783 Restrfctsd funds Electrical Installat￿￿ Fund RSP8 Bird Boxes Fu￿1 Log Burner Purchase 4,000 1221 750 1721 750 72 4,728 TOTAL FUNDS 25.280 10 7691 Comparatlv8s for movtmgnl In fund• movern8nt hl funds At 31.12.22 Unrestrlct•d fund• General lund 22,313 22,313 Rostrfct¢d funds Shed ￿fUrbI5hrne￿t A¢cessible w0￿benth Fund Electrical InStallat￿n Fund 14.995 1,250 14,995 1,250 7000 TOTAL FVNOS Compar81Ne net movement in funds, incIL￿ in the al>)ve are as foll¢yws.' IrKoffMng Re50urce8 Movement res￿ree$ expended in fund8 Unregtrict•d funds General fvnd 28.432 {6,119) 22,313 Restrfcted fund8 Shed refurbishment Accessible Workbench Fund E￿rical Instalkt*)n Fund 14,995 1,250 14.995 1.250 23.245 TOTAL FUNDS 51,677 6.119 45,558 Page 13 continued... SHREWS8URY MEN'S SHED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 MOVEME14T IN FUNDS - coTrtinu•d The Shed refurbishrnent fund represents funds reeeNed in reL4t￿n to the Shed Buikd and instalLgtion of a COr￿rete fl(￿. Th6 fvnd has been fulty invested in the Shed. RSPB Bird Boxes fund relates lo incrjrn r￿eNed for the construct￿n of Bird Boxes by the Shed, a prq'ect completed in the financial year ended 31 Deeember 2023. The balance of this proieet was met out of unreslrKted fLtrnd$. The Electrical Instalkl￿)n fund relates to rrwies receiv•J lo support with the in8tallalion of ekntr￿ity at the Shed. The Lc¥J burnef fund ￿lateS lo rrthies rrfeived lo supptsl wrth the installation of a log bumer within the,￿￿181 end. of the Shed. wh￿h was in-situ by the end of the financial year Thè ￿trthd funds above are in rnl*'cffl to eaprtal expgnditure. all of which has been spent during the financial periods ended 31 December 2022 and 31 December 2023. As the specrfied a￿etS have been acquired, these fund5 have been rdeased to unr68trthJ re&e￿o$ during the year ended 31 December 2023. The xcessible workbench fvrKI rd*s to grant incomè rtsreNed vi Jupport of the installat￿7 of a whookhair accessible W0￿berKh. This projact 1$ ongoing al 31 December 2023. 10. RELATED PARTY DISCLOSURES Ouring the year, the Chanly fewved donat￿n8 of £10,(*JO {2022.' £21,033) from a Tru8te8 in respect of the sel up and establishment of Shrth¥sbury Men's Shg(l in the community. In th• prior Y￿1, Charty £960 to a Trustee, for architectural dr￿ing$ utilised dunng th• fefurbishrrent crf the Shed. This tr8nsxt￿n was cCffiCl￿sed on an arn's *ryth basis. Page 14