REGISTERED CHARITY NUMBER: 236108 Report of the Truslees and Unaudit¢d Finan¢ial Stsl¢ment$ for the Year End¢d 31 D¢¢¢mb¢r 2023 for CfvBMEN'S SHELTER FUND Knox Cropper LLP Chartered Accountants 153-155 London Road Hemel Hempstead Hertfordshire HP3 9SQ
CABMEN'S SHELTER FUND Contents of the Financial Statements for the Year Endgd 31 Decembgr 2023 Page Report of the Trustees Indepondont Examiner's Report Statement of Flnanclal Actlvltles Balance Sheet Notes to the Flnanclal Statements Detailed Ststement of Finan¢ial A¢tivities
CABMEN'S SHELTER FUND Report of the Trustees for the Year Endgd 31 Decembgr 2023 The trustees present their report with the financial slalements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. OBJECTIVES AND ACTIVITIES Obje¢tive$ and aims The Fund's main objective is to supply Cabmen with shelters in which they can have protection from wind and rain, snow and frost in wnter and from the sun in summer. Significant activities The Charity maintains and upkeeps thirteen shelters throughout Central London. The shelters are made of wood and require regular upkeep and maintenance. The shelters are occupied by tenants who provide food. refreshment and shelter to cab drivers during the day and, in respect of some of the shelters, during the night. The tenants pay a weekly contribution to the charity out of their income. The contribution reiVed is used to cover the ongoing costs of the shelter, such as rates and repairs. The charity also provides the shelter with basic equipment, such as refrigerators, microwaves, elc. The tenants that operate from the shelters cover the electrically and gas bills from their own income. The shelters are a unique feature of London's heritage and need to be protected and maintained for future generations of cab drivers and the general public. ACHIEVEMENT AND PERFORMANCE Review of activity During the year, the shelter tenants contributed £140,921 12022.. £105,244) towards the maintenance of the shelters. Donations received amounted to £1.250 (2022.. £14.4181. Other income relates to insurance claims and amounted lo £19,23412022'. £22,957). The rna1ntenan and upkeep of the shelters amounted to £88,074 12022.. £204.4281. which included govemance costs of £5,29212022.. £4,9651- FINANCIAL REVIEW Reserves policy The unreslricled funds of the Charity amounted lo £86,95812022". £13,627) al the balance sheet date. The Charills policy is lo build up sufficient reserves lo enable il lo hold a minimum of one year's charitable expenditure. By holding this level of reserves, the Trustees are of the opinion that this will enable the charity to meet unforeseen repairs and fluclualions in contributions from shelter tenants. STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming docurnent The Fund was established in 1875 and is currently govemed by a Trust Deed dated September 1949. REFERENCE AND ADMINISTRATIVE DEfAILS Registered Charity number 236108 Principal address 20 Hunton Bridge Hill Watford WD4 8PU Trustees C Evans M Calvey J Jenkins Page 1
CABMEN'S SHELTER FUND Report of the Trustees for the Year Endgd 31 Decembgr 2023 REFERENCE AND ADMINISTRATIVE DEfAILS Independent Examlner Neil Wilkinson Knox Cropper LLP Chartered Accountants 153 -155 London Road Hemel Hempstead Hertfordshire HP3 9SQ Approved by order of the board of trustees on 1 April 2024 and signed on ils behalf by.. M Calvey- Trustee Page 2
Indepgndent Examiner's Rgport to the Trustees of Cabmen's Shelter Fund Independent examiner's report to the trustees of Cabmen's Shelter Fund I report lo the charity trustees on my examination of the accounts of Cabmen's Shelter Fund Ilhe Trust) for the year ended 31 December 2023. Responsibilities and basls of report As the charity Iruslees of the Trust you are responsible for the pparatiOn of the accounts in accordance with the requirements of the Charities Act 20111'lhe Acl'l. I report in respect of my examination of the Trusvs accounts carried out under Section 145 of the Act and in caryng out my examination I have followed all applicable Directions given by the Charity Commission under Section 14515llbl of the Act. Independent examinerfs statement I have cornpleted my examination. I confirm that no material matter5 have come to rny attentson in connectio with the examination givin9 me cause lo believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act,. or the accounts do not accord with those records.. or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reportsl Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a maller considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable 8 proper underst8nding of the accounts to be reached. Neil Wilkinson Knox Cropper LLP Chartered Accountsnls 153 -155 London Road Hemel Hempstead Hertfordshire HP3 9SQ 1 April 2024 Page 3
CABMEN'S SHELTER FUND Statement of Financial Activities for the Year Endgd 31 Decembgr 2023 2023 Unrestricted fund 2022 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1.250 14,418 Charitable activities Mainlence and upkeep of shelters 140,921 105.244 Other income 19.234 22,957 Total 161.405 142.619 EXPENDITURE ON Charitable activities Mainlence and upkeep of shelters 88,074 204,428 NET INCOMEI(EXPENDITUREI 73,331 161,809> RECONCILIATION OF FUNDS Total funds brought forward 13,627 75,436 TOTAL FUNDS CARRIED FORWARD 86,958 13,627 The notes forn part of these financial statements Page 4
CABMEN'S SHELTER FUND Balance Sheet 31 December 2023 2023 Unrestricted fund 2022 Total funds Notes CURRENT ASSETS Debtors Cash at bank 15,000 80.589 5,000 21,468 95,589 26,468 CREDITORS Amounts falling due thin one year (8,6311 112,841} NET CURRENT ASSETS 86,958 13,627 TOTAL ASSETS LESS CURRENT LIABILITIES 86.958 13,627 NET ASSETS 86.958 13,627 FUNDS Unrestricted funds 86.958 13,627 TOTAL FUNDS 86.958 13,627 The financial statements were approved by the Board of Trustees and authorised for issue on 1 April 2024 and were signed on ils behalf by.. M Calvey- Trustee The notes forn part of these financial statements Page 5
CABMEN'S SHELTER FUND Notes to the Financial Statements for the Year Endgd 31 Decembgr 2023 ACCOUNTING POLICIES Basls of preparlng the flnanclal statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities.. Statement of Recommended PraCte applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191., Financial Reporting Stsndard 102 The Financial Reporting Standard applicable in the UK and Republic ol Ireland. and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Flnanclal reportlng standard 102 . reduced dlsclosure exemptlons The charity has taken advantage ol the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows. In¢omo All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. il is probable that the income will be received and the amount can be measured reliably. Exponditurg Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity lo that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals b8SIS and has been classified under headings that 8ggregale all cost related to the category. Where costs cannot be directly attributed lo particular headings they have been allocated lo activities on a basis consislenl with the use of resources. Taxatlon The charity is exempt from tax on ils charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives al the discretion of the Iruslees. TRUSTEES. REMUNERATION AND BENEFITS 2023 2022 Trustees. salaries 10.399 10,399 Trustees. expenses 2023 2022 Trustees. expenses 458 Page 6 continued...
CABMEN'S SHELTER FUND Notes to the Financial Statements - continued for the Year Endgd 31 Decembgr 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other debtors 15.000 5,000 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Taxation and social security Other creditors 173 8,458 12,841 8,631 12,841 MOVEMENT IN FUNDS Nel movement in funds At 31.12.23 Al 1.1.23 Unrestricted funds General fund 13,627 73,331 86,958 TOTAL FUNDS 13.627 73,331 86,958 Net movement in funds. included in the above are as follows- Incoming resources Resources expended Movement in funds Unrgstrictgd funds General fund 161.405 {88,0741 73,331 TOTAL FUNDS 161.405 (88,0741 73,331 Comparatlves for movement In funds Nel movement in funds At 31.12.22 Al 1.1.22 Unrgstrictod funds General fund 75,436 {61.809) 13,627 TOTAL FUNDS 75,436 (61,809) 13,627 Page 7 continued...
CABMEN'S SHELTER FUND Notes to the Financial Statements - continued for the Year Endgd 31 Decembgr 2023 MOVEMENT IN FUNDS- continugd Comparative net movement in funds, included in the above are 85 follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 142,619 1204,428) {61,8091 TOTAL FUNDS 142,619 1204,428) {61,8091 A current year 12 months and prior year 12 months combined position is as follows.. Nel movement in funds At 31.12.23 Al 1.1.22 Unrestrlcted funds General fund 75,436 11,522 86,958 TOTAL FUNDS 75,436 11,522 86,958 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows. Incoming resources ReSoUrS expended Movement in funds Unrgstrictgd funds General fund 304,024 1292,502) 11,522 TOTAL FUNDS 304,024 1292,502) 11,522 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2023. Page 8