REGISTERED COMPANY NUMBER: CE028222 (England and Walosl REGISTERED CHARITY MUMBER: 1196609 RYM HED TEE 'RE RTA ME14T FOR THEY REN ED31 CEM ER20 HREWS8URY MEN% S ED CONTENTS OF HE FINA TATEMENT FO THE YEAR ENDEO 31 DECEMBER 2024 Pag• R•fornnc• •nd Adfflinl¥trnlivo DètsllB Trustw•' R•port 2 to 5 Stsi¢rn•nt of Flnanclal Actlvllt Stat•m•ntolFlnan¢•al Pl￿111¢n 8 to 9 Not88 to th• Financial Slalemwts 10 to 18 SHREWS RY MENE SHED REFERENCE AND ADMINISTRATIVE D￿AlLs FOR THE YÉAR ENDED 31 DECEMBER_2024 TRUSTEES Mr C G C￿￿"ng I￿$19n¢d 21.10.241 Mr G Dixon lawointed 21.10.241 Ms K A Evans lappointed 21.10.24 Mr A G McLathlan lapwnted 21.10.24) Plf S W Rouse MfJRSrnth Mf M J Thomas lapwnt•d 21.10.241 COMPANY SECRETARY REGISTERED OFFICE CIO Shropshire & Wesl Mid sh￿￿grOUnd Gravel Lane shle￿￿Jry SY1 2PF REGISTERED COMPANY NUMBER CE028222 IETrJlanLI arKI Wales) REGISTERED CHAFIITY MUIJIBER 1198609 INDEPENDENT EXAMINER TCA Ishrewsiwryl LLP Third Floor 21 St Mary's Street Shrewsbury Shropshife SY1 1ED Page 1 SHREWSBURY MEM? SHED TR￿sTREs. REPORT FOR THE YEAR ENDED 31_0￿cEMBER The trustees vtho are 3180 directors of the charity for the wrKK)5es of the Compan￿$ Acl 2006. prèsent their report with the financial stslements of the thanty for the year ended 31 December 2024. The trustees have adopt8d the provisKJns of Aco)unbng aTrJ Rèr*yting by Charibes. Staterneni ol RerJ)mmendod Practs. ap￿ICable to ¢harrtEs preparing acc¢unts in a¢cord8nce wth the Financial Reporb'rMJ StaThJard applicable in th8 UK and Repthic of Irdand IFRS 1021 leffecawè 1 January 20191. OBJECTIVES AND ACTivmES Obj•ctlves and alm# To promote 8oaal incltsgicn for Ihe put4ic be￿fft ty PTevanlir¥J part*￿aty not oxdusNefy man aged 18 or over. within Shrew5bury and the 8uryoufKling area, from tecomiro scoalty eX￿￿￿ed, reliewng the needs of those people who are swally exduded and assistwig them to Integrate Into scrf* thr¢xBh the provision of faalitios ts) which they ft*et Jointy or indwhlualty to undertake creatNè. ￿ysical or recreational athvities, leam or pa$$ on $kill$ and knth•Aedge and supwt each olheT socaalty. 'Socialty exdvderf m•an5 bw'ng ex¢lLKled from scrjety, or parts of society, a$ a ￿$Utt ol onè or more of the fdlowing fac*ors.' unemployment." financyal hardship," youth or old age.. Ill health (physical or mettsll. We provide a space and f4¢tirt￿S vthere n*n ￿ n￿1 aThJ er4age vthh •rMJttw. Kherever k%)$8ible m8n will be oc¢up*d together, whethef on indmdual orjoint wojects. In tha process ol engaging in this activty they may releam skn118 or d•vdop new 0￿&. acquire knowledge, forge In'endships and share a sense of purFose. experienc* an In￿eaSe in seLf-esteem and a groaler feeling of belongiro to Ihwr communty. Thi$ aim includes amdiorabng thts iirpaL# ol knelIn￿ in t￿0 alr•aty feel yoj'ally exdud8d and prevenlln9 others trom feeling exduded. Our atteThJees, calted shedders, range in w frcffn 22 to 89 aTra corn from a wde ¥an¢ty ol backgrounds, occupabon8 and interests. It 1$ wrth this like-minded community of Y)ai they help themselves continua lo Integrate into and c(¥th"bute to SO￿•ty The shed h88 helped thoge who have been at ft8k of I801•thJn ttwh Illn?88 Itdh physical and n￿tIll, bereavement. r8kxa1￿n. rth'rgment aThJ old age. Publlc b•nefft In furtherance ol I￿Se affn$ the Trusteeg have C4)npl￿ wlih the Ikty in the Charities Act 2011 to hav• due gard to the Chanty Commission's revised published guidan￿ c￿￿emIng ihe opeiaion of Put4ic Benefit requiremenl LW)der that A￿. Page 2 HREWSBURY 111 TRUSTEES. REPORT THE YEAR ÉNDED 31 DECEMBER 2024 ACHIEVEMENTS AND PERFORMANCE Charitablg a¢￿VItIeS Over past year the tharrty has ￿ntsnUed to gr￿￿ develop ts adivrfj'es to benefft rts m*m￿r$ Isheddersl, other charitable organi53tins and the rknmmunty Thè Shed was established in 2021 when it t(￿ a lease on a ￿1￿jSed and reduNlant sta￿e block on the Vvest Midland Showground srte. During 2022 and 2023 the tAcck was converted to a lully fvfn¢*oning Men's Shed with rntst*￿￿ and wekling shop. a Wor￿ shop. and an open plan soc4al, krtthen and dinM)9 aréa. 2024 has been a transIt￿n year lof the Shed som• fvrther tskn.ng place, but alxj Somè ¢hallenges that have started to be addressed. K4ombarship numbers hav• continl￿d to ir¥xeaa•. alw at a kn rale than thi previous yearB and the Shed has become an Integral part of Shrewsbury's wder rJ)mmLtnity, wrth rnany more peop￿ Ltnderslanding what rt is and why il is ImFQrtant. tt has tecome a vrtal communty spac* hosting var￿u$ other groups such a5 dementia support, men with canc*r, wc>)d tumers and h￿*.￿lt￿rists. DunrvJ 2024. the Shed supported Alghan familE8 through openirvd th• Shgrfs facJ"lrtie8 on Sundays to enablo lethnul leaming and to provi￿ a 8crAal actiwty 5pac* 2024 8180 saw Shrewstr￿ry Men'$ Shed the UK Men's Shed of the Year. awarded by thè UK Men's Shed Association IUKMSAI al tha House of Commms The Shrewsbury shed 18 of around a tr+ousand nationally, all of whith look lo mak• a difference In th•ir (£￿mun￿￿. Other developmenly in 2024 induded.. - The r&S￿.ng ol the dilap￿al￿d Percy ThwN•*f 9rfj8nhouse frryn The Quarry Park to Ihe $hed site on the Showground. Invo￿1ng a mw rebuildirs exerca5e aThJ Ihe repLgcement of all the indmdual gla8$ frame8. Tho 9r&enhouse Is Trjw • major aspecf ol the m￿.$ Shed and In 2025 has attrarled 8 team of shedderB who hav• bean able to grow. use and 8ell mu¢* of what has beon produced. Margaret Thrw, th• daughter of P•rcy Throwér offioally opened new greenh￿se tn Novemter 2024 - The devek)pment ol a ponleAY) ac￿8$ •uoss Ihe Rw S¢v•m from the SFw9round. all￿Wing improved accEss lo the town cenlre. This was a major undertaking costsng more than £30,000 and involvin9 SFeciali$l ￿tra{￿or3, as well ￿ shei1d•rs. The use of th• p￿toOn shoukl d•velcy further in 202S. Th• further expan8WI of the Shed into a n8ighbwrirvJ stab* blo¢k also became part of ftrtU￿ plans in 2024, with yo restricted grants TeceNed lo enable Ihe development ol that 5pac*. £19,800 was rec*ived from the Nats"¢nal Lottery and £8.000 from the Morrisons Found0￿n. H(Mever. olher than mirw pr¥par*w work in 2024, thls fvnding remains unutilised at year end In 2023, this report idenbfièd the need ftr the Shed to bewne finanaalty sustsinabla and ￿ty less on T￿tricted 9rant fvnding. The 2024 accounts sw that this has L*en a thallenge for this year, wih unresth"¢ted lunds being limited and eonty'nued signthrant investment into the Shed develcynent taking plac* However. there h8$ been powtsv9 move in Ilw$ diroct'on in 2025 and Trustees remain corrfklent that the Shed is an effecb.ve 90ing conchm. Page 3 HREWS8 RY MEN'S SHED IB.USTEE&RE FOR THE YEAR ENDED 31 DEC￿M8ER 202 FINANCIAL REVIEW Flnancial position The ac¢ounts show inwe of £84.9W12023.' £25,280) and expenditure of £70.14512023'. £10.7691 re$utb"ng in a net Increase in fttnds ol £14.845 12023.. increase of £14.5111. At the yèar end Ihe thanty had £74.914 fijnds to carry forward12023 £60.L%91. £29,050 ofwhich was restric￿ 12023.. £1.2501 The balance sheet show8 net current a88et at the year end of £18.04512023". nel Djrrenl léthlibes of £2.6941. At 31 December 2024. the free reserves ol th& ¢harTty, ¢aloJlated a$ unrestrthd fvnds less de*gnaled furds and fixed assets were a deficit of £19.505.12023'. a defi¢rt of £2,694). The Board anlicipate that Ihe grant knndiThJ currenily hek1 in restrithd funds wll tse￿￿ unf8Stn'¢Aed fttnd$ once S￿nI. 80 the frfjg rtsserye8 would then be £8.295 Idefitst of £19.505 plus th8 grail income of £27,800). R￿•ty￿ polky h the Shed now in knll cperation, the res¢Th•s of the charrty ￿ rJJfrenlly uTrJer review by the board of Tru$lèes At 31 December 2024. the free re5eNes of the thanty were a deffiut crf £19.505 whid) th& Trust￿¥ ￿￿￿8d9* 1$ a refi¢ctK*n of Ihe si9nfficant investrnenl offvnds into the Sh•d 3TRUCTURE. GOVERNANGE AND MANAGEMENT Govèrnlng documont Th8 Charitable Incorporated Organis*'¢)n 18 rA)rItrO￿ by rfs consti￿lti¢￿ 88 dofin•J by Chartlies Acl 2011 and adopted on 16 November 2021. R•crultm•nt and 4ppolnlm•nt of n•w tru•t•e8 Trustees have beèn recrurted by personal recommendatKJn and based ¢)n skn118 and p•rsonal qualthe$ that we d•em appropriate to the tharrtable objects of Shr*w5bury Men's Sh•(l. TRUSTEE8' RESPONSIBIUTr STATEIAEP4T The trustees (who are also the directors of Shrv*rtJury Men's Shed lor the pwpose8 of wmpany lawl respon$ible for preparing the Trustees. Report and the fina￿4a1 statem•nts in accord4nc• wrth arwIcab￿ law aThJ United Kingdom Accountir•J Standards (Unrted KiTh3¢kn Genèrally Awted Accounting Pracli¢el induding Financial Repoth'ng Standard 102 Tr Finwwl Repth"rwJ Standard appluts￿ in the UK and Republic of Ireland" Company law rnqui￿8 th8 trLLqlees to prepare ffinanoal statemwts for ead) finanoal year gwe a true and fair view ol the State of affairs of the chartsble company and of the Inc¢miTrJ resource5 ap￿ic￿'0n of resour￿8. induding the inwne and exper**ture, ol the thwrtable LXV￿nY lor Ihat period In weparing Ihoso financ4al st*¢ments, the truslees are to select surtablt aco)Ltnting pc4iae8 and then aFfty ihem c¥)nsisterity,' observe the rnethods aThJ princi￿6$ in the Charity SORP". make judgements and estimates that are rea50nabJe and pr￿￿1., prepare the financial ststemerrts on the goiThJ concem basis unless it i• inapwopriale to pre$Ury￿ that the ¢haritabl• wnpany Yrill continue in busin•sB. The trusteÈ$ are responsible lor keepiThJ pnjpef a¢¢J)untin9 rec¥)rd8 whith disd¢)se Ma￿na*J￿ acxurxy at any the financial position of t￿ thantable oynpany and to enable them to ensu￿ that the finanaal stalements cOm￿Y wrth the Companvès Act 2006. They a￿ also responsilje for safeguardiro the assets of the charpiabkg company and hen¢• for takiTh3 reasonable stw ts the prevention deleth.on of fraud and othgr i￿g￿lan￿¥S. 03 10 25 AppTob*d by udor ofthe board of IrLMtee8 on .. ..... .................................... aTrJ ￿ned on Its behaw by". Page 4 SHREWSBURY MEN'S FLHED TRUSTEES, REPORT F￿ THE YEAR ENOED LI DECEMBER 20 Mr S WRwse-Trustee Page 5 NT EXAhlNER'S RE_PORT TO TH SHR SBLIRY_MEN'S SHED Ind•pendentexaminerfs report to the tr￿te08 ol shru￿b￿ry men￿ Shed Ilhg Company'l I report lo Ihe chanty trusl8e8 on my ex￿Ina￿ of ￿*￿nts of the Company for yw ended 31 December 2024. TR STEES OF R•sponsiblllli•B and bas1• of report As the ¢hanty's trustses of the Ccffipany land also its direcaus for the wrFty)ses of company lawl you are responsible for the preparation of the a¢￿Urts ￿ accordance ¥￿th the wuwements of the corry3n￿S Act 2IJ06 Ilhe 2006 Ad'l. Having satisfied myseff that the acttjunts of ts Conwny ar• not required to Le audited under Part 16 of the 20C6 Act and a￿ eligible lor independent examinatrm. l ￿F¥￿t in respec* ol my examinabon of your chanty's accounts as carr* ryjt under Se£#ion 145 of the Chanties Ad 2011 I'lhe 2017 Act). In ￿rying out my ex8minats.on I have followed the Dire¢b"oro gven by the Charity CommwK>n LM)¢Jer ￿on 145151 Ibl of the 2011 Act. Independont •xamln•rf* stst•mgnt I have Completed rny examinalK)n. I confimi that no matters hav• ¢m to my attention in connection wrth thg examinath)n glvvw m6 cause to b•lth'. a¢xountirKJ r•cords were not keFrt in resp¢L* of the Cfywny •# requ￿ed by sec11￿ 388 of Ihe 2006 Act., or Ihe a￿Unts do not acgxjrd ltrtt>str rec￿d5', or the accounts do not ¢tynply wlh the ac￿nts"n9 rtyuir&ments ol Secaion 3* of the 20Cx8 Act othor than any r•quirement that the acctsjnts give a true and fair view Is nol a matter t>)nwdered as part of an indtrpendent exanwnation., or the acts)unts have not b￿rn prepared in 8ccordanc¢ with th* m81hods and of the Statement ol Re¢omm¥nded Practice for aco)unting and repothNJ by thari¢*s {appIrA￿e lo tharilies preparing their accounts ui attortJanc• vrti Fin¥ts* RepJrh"ng Standard aFplicatrkn in thè UK and Republic of Ireland IFRS 10211. I have ￿ con￿M8 and have coTh* auojs Trj other matters fft connecton wrth the examin4tK)n lo whit* attention b¢ drawn in thi8 rer>Jt m tyder to enabte a proper understanding of the &counts to be reac*ed. OYM C mOe￿n-WilliaMs 8Sc FCA TCA Ishrewsburyi LLP Third FFoor 21 Sl Mary's Street Shrewsbury Shropshire SY1 1ED Date.. Page 6 EN3 SHED SHREWS8URY PL. F FINANCIAL ACTMTIES STATEMENTL. FOR THE YEAR ENDED 31 DECEAIBER 20.24 2024 Total fund5 2023 Total funds Umestnded ReslrK*ed fw)ds INCOME AND ENDOWMENTS FROM Oonations and ￿a￿eS 12.450 58,704 71,154 20,604 Charitabltt •¢tlvitigS General 12.336 12.336 4,676 Other trading a¢th.Vrt￿S 1.500 Totsl 26.286 58,704 84.990 25,280 EXPENDITURE 014 Charitabl• a¢lfvltl8• General 38,526 31,619 70,145 10,769 NET INCOMEIIEXPENDrruRei Tr•n•l•rn bètwo•n fund• 112.2401 (71$) 27.085 715 14.845 14.511 10 P4&t mov•ment In lund8 112.955} 27.800 14,845 14,511 RECONCILIATION OF FUNDS Total funds brougttl foThYard 58.819 1.250 60.069 45,558 TOTAL FUNDS CARRIED FORWARD 45.864 29.050 74,914 60,C69 CONTINUING OPERATIONS All income and expenditure has arisen from conts"nuing actsvit*s. The ￿te$ fomi m Oft￿ fmaThial ststerr*nts Paye 7 EWSB RY MEN'S SHED STATEME1￿ OF FJNANCIA 31 DECEMBER 2024 2024 Total funds 2023 Total Jtids Unrestric*ed Restncted fvnd fvnds FIXED ASSETS Tangible assets 65.369 85,369 62.783 CURRENT ASSETS Debtors Cash at bank 1,445 3,318 637 29,050 29,687 637 29.050 29.687 4,763 CREDITORS Arnoun15 fallin9 due within one year (11.642) {11,6421 (7,457 NETCURRENT ASSETS 111.0051 29.050 18,045 {2.6941 TOTAL ASSETS LESS CURREIIT LIABILITIES 29.050 83.414 80,C69 CREDITORS Amunts falling ¢Jue after m￿e than one year (8.5001 18,5001 NET ASSETS 45,864 29.050 74,914 60.C69 FUNDS Unrestricted hJnd$ R•slricted lunds 10 45.864 29.OSO 58.819 1.250 TOTAL FUNDS 74.914 60,069 The ¢h•ntable Company is entthd to exemptkm from awllt undgr Sec*.￿ 477 of the Cmwnies Act 20Ce for Ihe year ended 31 O•eember 2024. The members have required the company to rt*tsin an audit of tts financ4al statements for the year ended 31 Deeember 2024 in a¢cordan¢e wilh Secb'on 476 ofthe Act 2c￿. The trustees aeknowledgè their regponsits"1th3 for lal ensuring that the chantstk company keeps ac0￿nting record$ Ihat oJmFty wrfh Seclion8 386 aThJ 387 of the Companies Act 2006 and preparing finanrial statements which gNe a true f•ir ¥18w of the $tste of affairs of the charitst￿e Company as at the end of each finanoal year and of rts surplus or deficJt fcsr each fnanaal year in rdanee with the requirements of Secbons 394 and 395 and whith otheM"se cx)mpty the requirem8nt$ of the Companies Act 20C6 rek&rMJ to frnanci81 statements, so far as applicab￿ to thg t*arilable ojmpany. Ibi notes ferfm part oftt*se finarwl ststen P•38 8 continued... SHREWS8 RYME SHED ILMENT QF FINANCIAL posrriom . conti ATE 31 DECEMBER 2024 These finanoal ststemen15 have been prepared in aothance with the yo*is1￿$ applicab￿ to charrtable companies subject to the small companies regime. Is were approvtrj by Ihe Board of Trusteos and authorised for issue on and We￿ signed ￿ rts tehalf by". The financial stsl Mr S W Rouse-Trus The note5 ftym part oflhese fin¥Kual st¥t￿nts Page 9 SH BURYYENS SHE N.OTLS TQTHE FINAN -￿IAL STATEMENIS FOR THE_YEAR ENDED 31 QECEMBER 2024 ACCOUNTING POLICIES 8a$h of prnparlng th• financial stalwnaftts The financial Statements of the charitable company. whth is a public benefft entity ur*Jer FRS 102, have been prepared in aco)rdance Ihe charrb.es SORP {FRS 1021 'Accounting arKI Reporting by Charitie$'. SL7ten*nt of Recommended Practice appluble to thanb.es preparit)g their aC￿Unts in aC￿rdance with the Finanval ReportirrfJ Standard applicable in the UK and Republ￿ of Irelan¢f IFRS 1021 leffecbve I January 20191., Finanoal Reporting Stsndard 102 The Financial Reporbng S&ndard appluble in the UK and Repu￿￿ of Irelan(r and the Companies Ac* 2006 Th• fina￿81 staterrents have been prepared under the historical ¢>JsI c¢nvenb"on. Fln•nclal reportlng •tsndard 102. reduced dl•clo•ure •xomptlon8 The ¢harrt3ble company has tsken advantsge of the tr)1b￿.n9 discS)sure exemptsons in pr•paring ihese finanoal stat•ments, ay peniwtted by FRS 102 The Financ¥al RepthtvJ Str￿ard apph'cable in the UK and Republic of Irdand,: requIreM￿ts of SeL*'on 7 St•tew*ntolCa5h FIM,. the oquiremenl of paragraph 3 17ldl.' the requirements ol paragraph$ 11.42. 11.44. 11.45, 11.47, 11.481aXiii), 11.48(alliv). 11.48lbl and 11.481cl', the wuirements of paragraphs 12 26, 12.27. 12.29(al, 12.29lb) and 12.29A,' th8 requirement of parograph 33.7. Incom• All ino)me is r8c¢gnisod in Slatemert of Finwwl Ath¥￿88 ￿ce the dlarty ha8 oth'lement to Ihe fvnds, il is probabh that the incon* wll be rec•i¥ed a￿1 th8 eAn be ￿sUred rdiably. ExpMditu Liabilities are re¢*)wwl as expenth'tLKg as Som a$ t￿ 1$ a legal or ￿nstruCtive obligatK)n cwimittin9 the chanty to that expenditure. rt 1$ lx0ba￿e that a transfer of econorn￿ benefft8 will be required in Settlement and the amount of the obligab.on can be rneasured reliably. ExF*ndilure is accounted for on an accruals ba*$ and has been dassrfied under headings that aggregate all ¢ost related lo th• category. Where costs cannot be diredy att￿.￿￿0 to p8rkn'aAar heading$ tlw have been allocated to ac*Vrt￿9 on ba￿3 consistent with the use of ￿soUrceS Tanglble flx•d a•••ts Depreaalion is provN18d al Ihe folbwir¥J annual rates In rAder to write off eac* 8$8et over its tsb"matad U8efvl Irf•. The Shed Woodworking Mac￿nery Power Tool$ To￿$ and Equipment Fumrture 30 years Ytraight lir* nil deprec>abon 25% straight line strai9hl li nil depwation The board have ¢¥n￿dered the caryying val(* of the assets. s￿ assets were purthased at less than market value and therefore for these asset$. Ihe IJ)ard have not indu(Jed an estimate for depreaation. tKrt will coth'nue lo revi￿ tho assets ￿s￿lU￿ values. uselul Itves and depreuation methcKls and adjust pn)¥)eth'vety rfappropriate. or rf Ihern F$ an Indica￿ of s￿ntsnt thange since the last reports'ng date. Taxation The charrty 18 exempt tsx on ts tt￿rttaNe ath"vTrbe8. Fund accounting Un￿StriCted lun48 can be used in attudance W￿th tho tharit* objectsves at the ths(xetion of the trustees. Page 10 ntinued... SHREW&BURfMEM% SHED NQTES T¢LTHE FINANCIAL STATEMENTS - Lontinuod FOR THE YEAR ENDED 31 DECEMB_ER 2024 ACCOU14TING POLICIES- contIn￿d Fund xcounti Restrictsd fvnds can only be use(1 lor paiticxjlar restrKAed puws Trmthin the objects of the charity, Re8lrithc￿$ arise when speafied by the donor LY vthen frjnds are raised for part￿￿1•r restricted purposes. Further eX￿na￿On of the n8￿re #nd purp)se of lund Is indu￿￿ in Ihe notes to the fin8ncAal statements Cash at bank and in hand Cash at bank and In hand indudes cash and shNt-lerni hwhty Iiqwd investrnents wlh a short maluiity of Ihreo m¢fvs or ￿s5 from lh* date ol aCqUisrt￿ or cyning of the depost or *nwlar ac£¥)unt Flnanclal Instrum•nts The chanty only has finaThial assets and finanoal kabiithes of a kind th¥1 qualfy as b8x financial instruments. Basic finanrjal instruments are inrtialty f•o)gnised at trans8￿￿ value and 8ub8equenly Me￿ured al Iheir 8etlleMt value. Debtors Trade and othef debtors are rerxgr4sed at the settlement a￿nt after any trade diKounl offefed. Prepayments are valued at the rnnt yepa￿l rwt of any trade di5￿￿nts due. OTHER TRADING ACTIVITIES 2024 2023 R•nt T•c•iv¢d 1,500 NET INCOMEIIEXPENDITUREI Net inryjmellexpendhturel o $tsted after th¥91￿(C￿ed￿n9)'. 2024 2023 Depreaation. owned assets 4,534 3.108 TRUSTEES. REMUNERATION ANO BENEFITS There were no tnjstees, remunernts"¢)n or other benefits for thg year •nded 31 Decemter 2024 nor for thg year ended 31 December 2023. Page11 ontmued... SHREWS_BUBY_IAENE SHED NOTELQJHE FLNANCIAL STA_TE_MENTS . con FOR_TH_EJEA_R ENDED 31 DECEMBER 2024 TRUSTEES. REIAUNERATION AIID BENEFITS - ¢Mtinu•d Tn￿￿08. •xpon8eg During the year, ctsty ￿'MbUr5e{1S tJustee £472 12023". £nill for cwt of Focket travel an(1 C{￿Sumable expenses. There ¥4*re r*0 other trustees, expentes paid fty the ye¥ ended 31 December 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES Unrestric*ed fund Re8t￿ed ¢Js Total funds INCOME AND ENDOWMENTS FROM Donations and legaaes 15,804 4.8 20,804 Charltsbl• a¢tlvlbo• General 4.676 4.676 Totsl 20,480 4,800 25.280 EXPENDITURE ON Charltsbh a¢tlvlti8• Gon&ol 10,697 72 10,789 NET INCOME Trnnsfern b•fvM•n fund• 9,783 28,723 4,728 126,7231 14.511 N•t mov•m•nt In furtd* 36,sr {21,9951 14,517 RECONCILIATION OF FUNDS Total funds bfoughl forward 22.313 23,245 45,558 TOTAL FUNDS CARRIED FORWARD 58.819 1.250 80.069 Page 12 o)ntinued... L￿sBuRy.￿EN1S.HEo HR PIQTES TD THE FINANCIAL STATEMENTS_. FOR THE YEAR ENDID 31 DECEMBER 2024 TANG18LE FIXED ASSETS Woodworkin machin$ry Thesh Furn￿re COST At 1 January 2024 Additions 53,179 4,616 2,813 Al 31 December 2024 53.179 4.616 2,813 DEPRECIATION At l January 2024 Charge for year 1,773 1,773 At 31 December 2024 NET BOOK VALue At 31 December 2024 49.633 4,616 2,813 Al 31 D￿mber 2023 51,406 4,616 2.813 To¢ls ar*J Equipment Tools Totals COST Al 1 January 2024 Additrons 2.829 3.130 7,140 68,587 7,140 At 31 D•cember 2024 2.829 10.270 73,707 DEPRECIATION At 1 January 2024 char￿ for year 1.214 707 817 2,054 3,804 4,534 At 31 December 2024 1.921 2,871 8,338 NET 800K VALUE At 31 oe¢￿￿r 2024 908 7,399 65.389 At 31 De(xnter 2023 1.615 2,313 62,783 Page 13 o)ntiwed... SHRE¥VS8 RY MENE SHE THE YÉAR EN_DED 31 DECEMBER 2024 DEBTORS: AMOUNTS FALLING Due W￿H1N OME YEAR 2024 2023 Trade debtors Prepayments and acuu&J ir#))me 1,142 303 1,445 CREDITORS: AMOUNT8 FALUNG DUE WIThIN ONE YEAR 2024 2023 Trade ¢reditor8 Oth8r credrtors Accruals and d&fefred incw 4,163 6.000 1.479 7,457 11.642 7.457 CREDITORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR 2024 2023 Other rnditors 8.500 10. MOVEMENT IN FUNDS Net )vement In lunds Transfer¥ befv4e8n furK1$ Al 1.1.24 Al 31.12.24 Unr••trlct•d funds General fund 58.819 1122401 (7151 45.884 RMtslct•d fuThl• Access•￿e ￿￿rKtyench Fund R werside Pontt)on ProJe(# Shed bulk1 1,250 17151 27.800 1,250 715 27,800 1.250 27.085 715 29,050 TOTAL FUNDS 60,089 14.845 74,914 Page 14 conlirwjed... SHREWSBURY IAEN'S SHED NQTES TO THE FINAN_CIAL_STA_TE_MENTS_ FOR THE YEAR_ENDED 31 DECEMBER 2024 10. MOVEMENT IN FUNDS- contlnued Net movemènt in fvrwjs, indude)n ProjeL* Nw Slwl build 30,904 27,81M) 131.619} {7151 27.800 58,704 {31.6191 27,085 14,845 TOTAL FUNDS (70.1451 Comp•ratlvos loi mov•mont In fund• Net Tran6fef5 movement b$￿een in fvnds funds At 31.12.23 At1.1.23 Unre$trict•d funds General fvnd 22,313 9,783 26,723 58.819 R6•trlctsd lund8 Shed refUr￿shrn¥n1 Actsssible W0￿benCh Fund Eledn'ca1 Install8tJon Fund RSPB Bird Boxes Fund Log 8umer Purchase 14,995 (14,995} 1,250 7.Crf)O 4,000 (22) 750 111,0001 22 17501 23.245 4.728 126,7231 1.250 60,C69 TOTAL FUMOS 45.558 14.511 Page 15 continued... SHREWSBURY MELLHED S TO TIIEEINANCIAL STATE_MEKfi- coriLu8d_ FOR THE Y_EA_R_E_NDED 31 DECEMBER 2024 MOVEMENT IN FiINDS - continued 10. Comp*ab'¥• net movgment in fuThJs. in Ihe abo¥e af• as fdkm.. Ino)ming resources Resource5 expended PAovemenl in fvnds Unre$trlcl8d fund• General hJnd 20.480 (10,697) 9,783 Restrictsd fund• Electrical Installalion Fund RSPB Bird Boxes FL Log 8um&r Purthase 4.L￿o 4,000 1221 750 (721 750 4.800 (721 4.728 TOTAL FUNDS 25,280 {10.769) 14,511 A current year 12 montrs pnor y•ar 12 mc#th$ eomtsned posth￿ is as fd[(t￿.. Tran$for8 movemen¢ tsetr￿ft in fvnds fvnds At 1.123 At 31.12.24 Unrnjtricted fund• G8n•ral fvnd 22.313 (2.4571 26,008 45,864 RMtrict•d fund• Shed refurbishr￿n1 Accessible Workbench Fund EleL#ncal Inslallaticn Fund RSPB Bird 8oxes Fund Log Bumer Purchase Riversidè P￿rtOon Proje(I New Shed build 14.995 1.250 7.000 {14,9951 1,250 (11,0001 22 {7501 715 1221 750 1715) 27.8iyJ 27,800 23245 31.813 126.008) 29,050 TOTAL FUNOS 45,558 29.3 74,914 Page 16 r)Jntsnued... SHREYIsB￿Ry MENS SHED NQTES TO THE FINANCIAL&TATEMEPLTS - con11n￿l FOR THE YEAR ENDED 31 DECEMBER 2024 10. MOVEMENT IN FUNDS- continued A current year 12 m¢yth8 aThJ year 12 months 0JM￿ net movement in fvnd8. induded ￿ the above are as fc41ow5'. nL))ming resources Resourc4$ expended Movement in furKIs unr9thCt￿ fund* General fund 46.786 149,223) 12,4571 RMtri¢t•d fund• Ele¢Ancal InslalLgtion Fund RSPB Bird Boxes Fund Log Bumer Purchase RIver￿de Pontoon ProJeGt New Sbod build 4.CQO 4,000 1221 750 {7151 27,800 1721 750 30,904 27.800 131,619) 63.504 131,6911 31,813 TOTAL FUNDS 110.270 {80.9141 29,356 The Shgd relurts'shment fund represents ftbnds received In rdation lo Ihe Shed Budd and ￿$t￿lation of a conutte lioor. fund has tjeen ful￿* inveslgd in the Shed The RSPB Bird 8oxas fund reLates lo income re¢%ived for the ￿nstruCt￿)n of Bird 8ox•s by the Shed, a project COM￿et¢d in the finanrJal year ended 31 Oecember 2023 The ba18n￿ of this project was m?1 out ol unres*ricAed fLmds. The El8cITKal Instsll¥bon fund reLatss to m￿1?$ r8ceN•d to SUPf<)rt wth In5tall8tion of electn'cty at the The Log bumer relates to monies re￿IVed to Support wlh Ihe Installat￿ of a log burngr withln th 'soual end, ofthe Shed. which was Ir￿ by the end ofthe finanoal year The reslricied fijnds above are in relat￿ to expendilLwe, all of whith has beèn 8penl dur4ng the finaroal p8nods ended 31 December 2022 and 31 December 2023. As the speofied asse15 have been acquired. these fvnds hav8 been released to unwthcted rese￿ dur￿9 the year gnded 31 December 2023 The accessib￿ workbenc* lund rew to want incomè recewe(l in support of the in$tsllatK)n of a wheelchair accessible workl)enth.This prc¥trX is wr¥J at 31 December 2024. The riveTsd& pontcon proiecl fdate5 to the ts)nthbCtth of a new pontcon alon9sid6 the River Sev¢m at the West M¢d5 Sh(wffjround, enabling better transkY)rt ConneCt￿n3 I￿￿￿eeTh the shw ground and the town cenlre. This project was completed by membws of the Shrew5bury Mens, Shed in 2024. The nthv Shed build ftjnd Telates to rewved for Ihe refvth"8hment of the sw next do￿, which will enatrAe the charty to expan¢J aTrJ grow Thi$ proiecl had Th)1 stsrted by 31 Decemt)er 2024, but the board antiGpale thi5 wdl start in late 2025. èady 2026. Page 17 ¢onttnued... HR L￿Ry PAENS&HED ES Q￿￿THE FINANCIAI STATEMENTS_. contin FOR THE YEAR ENDED 31 OECEMBER 2024 RELATED PARTY DISCLOSURES 11. During the y•ar, the Chanty re￿wed a loan of £IS.f*)O frDm Mr C G Culting, a trustee of the charity {re5vJned 21 O¢lober 20241. A repay￿￿nt sthe