THE SHED ON THE ISLE FINANCIAL STATEMENTS YEAR ENDING 31ST OCTOBER 2023 The Shed on the Isle Charity Number.1201153 Trustees Annual Report For the year endlng 31 Octobor 2023 Independent Examlners Réport to the Members of Tho Shod on tho Isle. I report on the accounts of Th Shed on tha Islè for the period erKling 31st October 2023. which are set OLrt on pages 9-14. Respective respon8ibilitles ol Trustee8 and Exarnin•r. The charity's Trustees are responsible for preparation of the accounts. The charity's trustees consider that an audit is not reqUI￿d for this year under section 144 of Ihe charities Act 2011 (The Charities Adl and that an Independent examination is needed. It is my responsibility to: Examine the accounts under section 145 of the Charrties Act. To follow the procedures laid down in the gen8ral directions given by the Charity Commission (Under section 145(51(b) of the Charities Act. 8rrtl To state whether particular rnatters hava come to my attention. Basls of Independent •xamlMr• r¢porL My examination wa$ carried out in accordance wrth the general directions given by th8 Charity Commission. An examination indudes a review of the xcounting rKords kept by the charity and a ¢omparison cf the accounts presented with those records. It also indudes consideration of any unusual rtems or disclosures in the acGounts, and seeking explanations from the Iru$tees ¢on¢erning any such matters. The procedures undertaken do not provide all of the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts wesent a and fairf view and the report is limited to those matters sel out In the statement below. Independ•nt •xamlnér8 •tst•m•nt In connection with my examination, no material matters have come lo my attenlion wthich gives me cause to believe that in, any material respect Acoounting records were not kept in accordance with section 130 of th8 Charit188 Ad or The accounts do not accord wth the accourrting records I have come acr08s no rnatter8 in connection with the examinatK)n to which attention should be drawn in order to enaije a proper understarKling of accounts to be reached. Mrs Lisa Dawson MAAT CIMA Adv Dip MA 43 Borrowdale Drive Castleford West Yorkshire WF10 2NU Signed - Date 121112024- The Shed on the Isl8 Charfty Number.'1201153 Trustees Annual Report For the year endlng 31 October 2023 Nat West Bankline PO Box 16204 Bimiingham B2 2WP Structure, Governance and Management cument: The Shed on the Isle is a registered Charilable Incorporated Organi5ation {CIOI governed by its constitution. Th8 CIO was registered with the Charities Commission on th8 31 st October 2022. intm The Charity has ané Is 8dvertiwng for suitabl8 trusteas to 18k8 UP VaC8nt rolès. N8w tnJste8s are elected by the existlng Trusteas at a Trustees mééting of which all membws of the charity are advised in advance. The Constltutlon of the CharSty Statss that there mu8t be at188St three charity trustees and the maximum of charity Iru$tee$ is six. Ap8rt from the first charity trustees, all trustees are appointed for a three-year t8mi by a resolutlon pas8ed al properly conv8n8d meeting of the charity trustees. All trustees are provlded vlth the Charfty Cornmlssioft's Roles and RespJnslbllitl8s of Trustees, the constltullon and finanaal staternents including the Annual Report. Any training required by the trustees may be requested at any polnt, where It is considered useful to the rdè of Trustee. The Bcard of Trustees manage5 the Chanty and aims to consider only strateg•c decisions at Its meetings. Trustees are aware at each meellng that any conflicl of Interest must be declared and recorded. The 8oaré holds At least four meetlngs a year and an Annual General Meeting (AGM}, in Aprivmay. kman rnent.. Th8 rnajor risks, to which the charity is exposed. 8s identsfied by the INstees, have been reviewed and systems established to rnitigate those risks. Al systems and procedurps are reviewed regularly lo ensure they meet charity law and our own crganisation's aims and objectives. The Shed on the Isle Charity Number'.1201153 Truglees Annual Report For the year endlng 31 October 21123 Oble¢tlve8 and Actlvltles Th To promote social indusion for the public tenefti. by Preventing adults (partlculaty but not exclustvety older men , on the isla of Axholme, from becoming socially excluded. Relieving the needs of thos8 people who arè socialty exduded and assisting them to integrate into sooety. th￿￿9h the provislon of facilities in which they can meet jointly or individualy. lo undertake creative. physical or reexealional activities, learn or pass on sknlls and knowledge and support each other sociauy. for the wrrx)se of Ihis dause 'socially excluded. means bein9 excluded frorn swety, or parts of K￿lety, as a result ol one or more of the following factors.. unemploymenL finan￿81 hardship,. social isolation. bereavement: old age or ill heallh (physical (x mental). Main ob'èctlves for the fol In shaplng our objectives for the folhJving year and planning our activilies Ihe trustees have considered the charity commission's guidance on publlc benefrt and this is regulaty Revisited. Continued to expand our ￿MberShIp with an emphasis ￿ suptthing members being m05t susceptible to being socially excluded. Upgrade lo the CCTV system. Grant to be sought. Replacement of the fire exit (kJor5. Grant lo be sought. Replacement of the Kltchen. Grant to be sought. Replacement of Wlndows and Front Door. Grant to be sought PrOvI￿on of Defibrillator. Grant to be swt Increase our range of activities to suppjt a wider range of potenti81 members. Develop our facilities both inside and outside the building lo make as much use of what Space V￿ have. Fundlng bid{s) will be sought in ordei to achieve Ihe above obie(Aives. The Shed on the Isle Charity Number.1201153 Trustees Annual Report For the year endlng 31 October 2023 A¢hlovom•nts and perforniance Our rn8mbeTship Sin￿ ouf opening day has continued to incr@ase and now stand at 38 members. The shed on Ihe Isle In terms of performance anrj gTowih is reoyJnised as the most successful sheds in the Humber Region. Also our Heamh and Safety procedures have also been recognised as much more comprehensive than most if not all other Shed's in the region A wall has been erectéd, creating our soclal area wrth double glazlng and insulation to provide an area isolated trom the noise cf the workshop. A full alami system with reTnote rnonitoring has been installed to protect our assets. Our Website is up and running and we continue to build our so(aal media pr8senc8 and also our presence In the community continues to grow. We have up9raded our toilets v￿th funding from Isle Study Centre. W8 hav8 with the help of funding from VANL been 8ble to suppcrft three member5 of The Shed. Wa hava had Charlotte Oatway Joln our shed family running a cr8ft8 I book group on Sunday aftemoons. Workshop has been lald out and continues to be refined In its layout. Provision of a cornprehensive range IT equipmenL 5UPPOrted by a grant from VANL, This along with broadbané provided by Kcom allows us to operate better and provide support to the community lo bridge the digilBI divide. We have been very fortunate to continue to be suptK)rted by the very generous pecpbe and businesses of the Isle of Axholme wth both Grants. Donations and Support. W8 8valu8ted our effects by asking th8 four questions of our mombers (Source UKMSA). The °/0 increases are shown since joining The Shed, 8$ opposed to before. Question 1 Are you Involved In your local community +81% Question 2 Have Opportunities to meet and make naw frierKls +76° Question 3 Have a positive ouuook +41% Quesllon 4 Are you physically and mentally fit and healthy +18¥0 F4nan¢lal Review The charily's reseNes policy 15 to aim to keep enough reserves to cover our mai(x and unavoidable running costs for one year. ￿}ICh Ihis year stands at at4xoxirnately £2200. The Shed on the Isle Charity Numb8r.1201153 Trustees Annual Report For the year endlng 31 Oclober 2023 8tat8ment of dlsclosure of Inforniatlon to Ind•pend•nt Examlnar We Ihe Trusiees of th8 charity who held office at the date oa apprcNal of these financial statements, each conflnn so far as we are aware, that.. There is no relevanl infomiation of which the charity's Independenl Examiner unaware and,. We have lak8n all the steps that we ought to have taken as Trustee5 in orLler to make ourselves aware of any relevanl information and to estsblish that the charity's Independent Examiner is aw8re of that Information. Trust•• D•clarntlon The Trustees declare Ihat they have approved the Trustees Annual ReporL Slgn8d on behalf of the charity's Trustees Mr Oavld Morrls CEO Date The Shed on the Isle Charity Number'.1201153 Trustees Annual Report For the year ènding 31 October 2023 The Trustees Present their report with the independently examined financial statements of The Shed On The Isle. a Charitable Incorporated OrganisaliM, for the year ending 31 st Octoter 2023. Rofor•nc8 and Administratlve Dotalls of the Charity. Its TnMleo$ and Advisers Name of Cha The Shed on the Isl8 Charit Re istrati Number. 1201153 Charit Princi al Addres The Shed on the Isle War Memorial F￿ld Station Road Epworth North Lincolnshire DN9 1JU Trustees.. Names of Trustees who served during the year and sinrA the yearond were as follows Nam•: Mr D Morrls Mr J Clark Mlgs C Oatway Mr J Morren Mr K Drakes Po•ltlon: CEO Secretary l Acting Treasurer Trustee Appointed 19th July 2023 Chairtrreasurer Resigned 15th March 2023 Trustee Resigned 05 November 2023 Dates of seThlce If not th• full year: Inde endent Ex min Mrs Lisa DaY#Bon MA4T CIM4 Adv Dip M4 43 Borrowdale Drive Castleford Vvest Yorkshire VVF10 2NU The Shed on the Isle Charity Number.1201153 Receipts and Payments Account 2022-2023 2022.2023 2022-2023 For the Yoar Ending 31 October Unrestrlcted Restrlcted Total 2023 Notes Funds Funds Funds Recelpts Grants 300 3942 4242 Membership Fees 2304 144 2448 Sales l Fundraising Donatii)n6 1261 1261 5630 5630 Lin¢s Lotto 70 70 Tolals 956S 13651 Payments Equipment Hlre 122 122 Eleclrrcal Work 1565 264 1829 Facilities 200 1248 stock Materials 317 317 Consumables 331 310 641 Tools 76 76 Mileage Payrnents 37 37 The Shed on the Isle Charity Number.1201153 Recelpts and Payments Account 2022-2023 20224lJ23 2022-2023 For the Ygar Endlng 31 Octobér Unrestrlcl Restrlcted Total 2023 Notes Funds Funds Funds Paymènts Boiler 195 195 Rent Building Insurance Contribution Electricity 1iXI 1(Kl 289 Gas 338 338 Webslte Hosting 81 IT Equipment 293 638 931 Shed Equipment 643 PPE 125 125 Intemel and Telephone 10 10 Printing 82 1L 367 367 Memberslips Members Beneffts Training 72 10 The Shed on the Iste Chaiity Number.1201153 Recelpts and Payments Account 2022-2023 2022-2023 2022-2023 For the Year Endlng 31 October Unrestricted Total 2023 Notes Funds Funds Funds Paymonts Legal Fees 75 75 Subscriptions 88Q costs 431 431 Insurance 567 567 Banking transaction fees 11 11 Debtors 300 Refreshments 321 321 Totals 6268 11 Tr* Shed on the Isle Chafity Number.1201153 Receipts and Payments Accourrt 2022-2023 2022-2023 2022-2023 For the Year Endlng 31 October Unrestricted Restricted T¢)tal 2023 Notss Funds Funds Funds Net Surplusl (D•ticlt) for Perlod 3297 450 3747 Cash and Bank Balances BIF Thurlaw Energy AIC Balance BIF Total AIC Balancos BIF Cash and Bank Balances CIF 3297 276 3573 Thurl(w Energy AIC Balance CIF 174 174 Total AIC Balanca8 CIF 3297 450 3747 Notes on Pag8s 14 to 15 fomi part of thes8 financial statements. 12 The Shed on the Isle Charfty Number.'1201153 Tru8taè8 Annual Report For the year endlng 31 October 2023 Statement of Assets and Llabllltles As at 31 st October 2023 2023 Total Funds 2022 Total Fund8 Notes Monetary A558ts Currenl Account 3573 Thurlow Energy Account 174 Total 3573 Comprising: Unrestricted Funds 3297 R8strict8d Funds 450 Total 3573 Non Mon•lary A•s•t• and Llablllties Flx•d Assets for th• Charlty's U•0 Tools and Equipment IT Equipment 8764 1155 Total 9919 Debtors Luddington PC SSE Mierogranl Crodltorn 300 None These flnancial statements have been approved by the Tfuslees on And signed on its behalf by.. (Date) Mr David Morris CEO Notes on pages 14 to 16 fomi part of financial stalernents. 13 The Shed on the Is Charity Number.1201153 Trustees Annual Report For the year ending 31 October 2023 Notfrs Basls of Preparation These accounts have been prepared on a receipts and payThents (R&P) basis in line with the Charity Commission guidance for a Charity of this size. This Is the first perlod of operatlon of the Charitable Incorporated Ofganlsalh)n (CIO) Four¥Jat#)n IAodel. The Shed on the Isl8 Registered with the Charlty commissi￿ on the 31st Ocbber 2022. Grants For the Year Endlng 31 October 2023 2023 2023 2023 Grants Unrestrlctod R•strict•d Total Funds Funds Funds Lottery Community Fur VANL 2424 2424 1518 1518 Luddington PC SSE Micmgranl 300 300 Totals 300 3942 4242 14 The Shed on the Isle ChaTty Number:1201153 Trustees Annual Report For the year ending 31 October 2023 Noles R•StrIct￿ Funds Balance 01111122 Incomlng Outgolng Balanco 31110123 Lottery Community Fund 2424 2250 174 VANL 1518 1242 276 Luddlngton PC SSE Microgranl 300 300 Total 4242 3492 750 A brief description of the reslricled funds are shofvn bek)w Lottery Communlty Fund Seed I Start up fundlng administered by Humber and Wolds Rtjral Action. HWRA for the fomwtion of Mens Shed's in the Hurnber region. Funds covered thlngs like Rent, Insurance. Printing, DBS Checks. and Many other things required lo get the charity up and running. VANL (Voluntary Action North Lincs) Supporting Mental Health Fund. Was provKled for computer equipment. Air fltration and to make provIsK￿ of a srnal fund to suppjrt the membership of the shed to those who need a little help. Luddington Parfsh Council SSE Micro Grant administered by Luddinglon Pcfor mterials lo (¥mstr￿1 Game5 for the Lud(ffingt(￿ Gala 2024 Via Luckjington Village H811.