Denbigh Men's Shed Limited Charity Accounts

COMPANY REGISTRATION NUMBER: 09907876

CHARITY REGISTRATION NUMBER: 1166984

Denbigh Men's Shed Limited

Company Limited by Guarantee

Unaudited Financial Statements

31 December 2024

Denbigh Men's Shed Limited

Company Limited by Guarantee

Financial Statements

Year ended 31 December 2024

	Page

Trustees' annual report (incorporating the director's report)	1

Independent examiner's report to the trustees	4

Statement of financial activities (including income and expenditure account)	5

Statement of financial position	6

Notes to the financial statements	7

Denbigh Men's Shed Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 December 2024

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2024 .

Reference and administrative details

Registered charity name	Denbigh Men's Shed Limited

Charity registration number	1166984

Company registration number	09907876

Principal office and registered	6 Trefeirian
office	Love Lane
	Denbigh
	Denbighshire
	LL16 3LY

The trustees

	M Dent
	S Garrod
	J Parry
	C Jones

Independent examiner	Jones & Graham Accountants Ltd
	6 Hall Square
	DENBIGH
	Denbighshire
	LL16 3NU

Structure, governance and management

The charity is a company limited by guarantee without a share capital.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

M Dent

S Garrod

J Parry

C Jones

Recruitment and appointment of trustees:

Any trustee is able to nominate a potential new trustee who is personally known to and recommended by them. The nominee must then be accepted by a majority of the existing trustees. The nominated person must be a permitted person as defined in the Charities Act and of relevant skill or knowledge to benefit the charity. Trustees are personally responsible for ensuring that their skills and knowledge are maintained to a standard which encompasses changes in legislation impacting on the charity's operational activities.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Organisational structure:

The trustees are subscribers to the memorandum of association and are legally responsible for the overall management and control of the charity. They hold at least four ordinary meetings each year.

Induction and training of trustees:

On appointment a newly-elected trustee must have, as a minimum, read and accepted the charity's constitution and read, understood and accepted the duties and responsibilities of a trustee as outlined in the Charity Commission's booklets CC3 (The essential trustee; what you need to know) and CC3a (Responsibilities of charity trustees). Newly-elected trustees must understand in detail the ethos, vision and objectives of the charity.

Objectives and activities

The charity's objects are:

(a) to promote social inclusion for the public benefit by preventing people, particularly but not exclusively men aged 18 and over, within Denbigh and the surrounding area from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society through the provision of facilities in which they can meet to undertake creative, physical or recreational activities, learn or pass on skills and knowledge, and support each other socially; (b) for the purpose of this clause 'socially 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 old age; ill health (physical or mental); substance abuse or dependency on alcohol or drugs; discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, creed, sexual orientation or gender re-assignment; poor educational or skills attainment; relationship and family breakdown; poor housing (that is housing that does not meet basic habitable standards); or crime (either as a victim of crime or as an offender rehabilitating into society).

Public benefit:

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Significant activities and achievements against objectives

2023 has been a good year for Denbigh Men's Shed. We have been able to access a few community grants to enable us to put on more activities for our service users. We have been able to pay for two qualified members of staff for most of the year.

Pottery is now a favourite activity for our service users. We have pottery wheels and a kiln. Due to having quite a few members with various disabilities we were able to purchase disabled equipment to use in our gardens and allotments. These have proved invaluable. The men were able to build a lean-to to enable wheelchair users to work outside too in the woodwork section.

Throughout the year we have been working together with different partnerships to build a stronger community and access various avenues of support for our service users. We have various community people supplying meals and we have been able to use fruit and vegetables we have grown in the allotment.

Our numbers have increased and we have a variety of people attending, some bringing fresh ideas and various skills to share with the other service users.

We purchased a night camera for the gardens and pond area. We have great footage of badgers living in the woods and the service users can now see the footage on the IT equipment we have bought. We have had a very productive year and have grown as a community.

Financial review

The income and expenditure for the year and the financial position at the end of the year are set out in the attached accounts.

Reserves policy:

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has not been maintained throughout the year, and the trustees are seeking to address this.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 2 September 2025 and signed on behalf of the board of trustees by:

M Dent

Trustee

Denbigh Men's Shed Limited

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Denbigh Men's Shed Limited

Year ended 31 December 2024

I report to the trustees on my examination of the financial statements of Denbigh Men's Shed Limited ('the charity') for the year ended 31 December 2024.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns 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 a proper understanding of the accounts to be reached.

Jones & Graham Accountants Ltd Independent Examiner

6 Hall Square DENBIGH Denbighshire LL16 3NU

2 September 2025

Denbigh Men's Shed Limited

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 December 2024

	2024			2023
	Unrestricted funds	Restricted funds	Total funds	Total funds
Note	£	£	£	£

Income and endowments

Donations and legacies	5	4,453	1,910	6,363	20,819
Other trading activities	6	65	–	65	–
		-------	-------	-------	--------
Total income		4,518	1,910	6,428	20,819
		-------	-------	-------	--------

Expenditure

Expenditure on charitable activities	7,8	6,412	2,983	9,395	15,502
		-------	-------	-------	--------
Total expenditure		6,412	2,983	9,395	15,502
		-------	-------	-------	--------

	-------	-------	-------	--------
Net (expenditure)/income and net movement in funds	( 1,894)	( 1,073)	( 2,967)	5,317
	-------	-------	-------	--------

Reconciliation of funds

Total funds brought forward	292	8,547	8,839	3,522
	-------	-------	-------	--------
Total funds carried forward	( 1,602)	7,474	5,872	8,839
	-------	-------	-------	--------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Denbigh Men's Shed Limited

Company Limited by Guarantee

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible fixed assets	14	2,944	3,925

Current assets

Stocks	15	1,000	1,000
Cash at bank and in hand		2,648	4,621
		-------	-------
		3,648	5,621

Creditors: amounts falling due within one year	16	720	707
		-------	-------
Net current assets		2,928	4,914
		-------	-------
Total assets less current liabilities		5,872	8,839
		-------	-------
Net assets		5,872	8,839
		-------	-------

Funds of the charity

Restricted funds		7,474	8,547
Unrestricted funds		( 1,602)	292
		-------	-------
Total charity funds	17	5,872	8,839
		-------	-------

For the year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 2 September 2025 , and are signed on behalf of the board by:

M Dent	S Garrod
Trustee	Trustee

Denbigh Men's Shed Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 6 Trefeirian, Love Lane, Denbigh, Denbighshire, LL16 3LY.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Computers	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Limited by guarantee

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

M Dent

S Garrod

J Parry

C Jones

5. Donations and legacies

Unrestricted Funds	Restricted Funds	Total Funds 2024
£	£	£

Donations

	Donations and subscriptions received	4,453	–	4,453

Grants

Other general grants	–	1,910	1,910
	-------	-------	-------
	4,453	1,910	6,363
	-------	-------	-------

Unrestricted Funds	Restricted Funds	Total Funds 2023
£	£	£

Donations

	Donations and subscriptions received	5,353	–	5,353

Grants

Other general grants	–	15,466	15,466
	-------	--------	--------
	5,353	15,466	20,819
	-------	--------	--------

6. Other trading activities

	Unrestricted Funds	Total Funds 2024	Unrestricted Funds	Total Funds 2023
	£	£	£	£
Fundraising income	65	65	–	–
	----	----	----	----

7. Expenditure on charitable activities by fund type

	Unrestricted Funds	Restricted Funds	Total Funds 2024
	£	£	£
Social inclusion activities	1,134	–	1,134
Support costs	5,278	2,983	8,261
	-------	-------	-------
	6,412	2,983	9,395
	-------	-------	-------

	Unrestricted Funds	Restricted Funds	Total Funds 2023
	£	£	£
Social inclusion activities	–	12,322	12,322
Support costs	1,995	1,185	3,180
	-------	--------	--------
	1,995	13,507	15,502
	-------	--------	--------

8. Expenditure on charitable activities by activity type

	Activities undertaken directly	Grant funding of activities	Support costs	Total funds 2024	Total fund 2023
	£	£	£	£	£
Social inclusion activities	1,074	60	7,456	8,590	15,022
Governance costs	–	–	805	805	480
	-------	----	-------	-------	--------
	1,074	60	8,261	9,395	15,502
	-------	----	-------	-------	--------

9. Analysis of support costs

	Social inclusion activities	Total 2024	Total 2023
	£	£	£
Governance costs	685	685	480
Premises and insurance	4,164	4,164	1,176
Administration	2,311	2,311	222
Depreciation	981	981	1,302
	-------	-------	-------
	8,141	8,141	3,180
	-------	-------	-------

10. Grants and donations

	2024	2023
	£	£

Grants to institutions

Grants to institutions type 1	60	–
	----	----
Total grants	60	–
	----	----

11. Net (expenditure)/income

Net (expenditure)/income is stated after charging/(crediting):

	2024	2023
	£	£
Depreciation of tangible fixed assets	981	1,302
	----	-------

12. Staff costs

The average head count of employees during the year was Nil (2023: Nil).

No employee received employee benefits of more than £60,000 during the year (2023: Nil).

13. Trustee remuneration and expenses

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

14. Tangible fixed assets

	Plant and machinery	Equipment	Total
	£	£	£
Cost
At 1 Jan 2024 and 31 Dec 2024	4,321	1,267	5,588
	-------	-------	-------
Depreciation
At 1 Jan 2024	1,267	396	1,663
Charge for the year	764	217	981
	-------	-------	-------
At 31 Dec 2024	2,031	613	2,644
	-------	-------	-------
Carrying amount
At 31 Dec 2024	2,290	654	2,944
	-------	-------	-------
At 31 Dec 2023	3,054	871	3,925
	-------	-------	-------

15. Stocks

	2024	2023
	£	£
Raw materials and consumables	1,000	1,000
	-------	-------

16. Creditors: amounts falling due within one year

	2024	2023
	£	£
Accruals and deferred income	720	480
Other creditors	–	227
	----	----
	720	707
	----	----

17. Analysis of charitable funds

Unrestricted funds

	At 1 Jan 2024	Income	Expenditure	Transfers	At 31 Dec 2024
	£	£	£	£	£
General funds	292	4,518	(6,412)	–	(1,602)
	----	-------	-------	----	-------

	At 1 Jan 2023	Income	Expenditure	Transfers	At 31 Dec 2023
	£	£	£	£	£
General funds	(4,997)	5,353	(1,995)	1,931	292
	-------	-------	-------	-------	----

Restricted funds

	At 1 Jan 2024	Income	Expenditure	Transfers	At 31 Dec 2024
	£	£	£	£	£
Transfer between funds	–	–	–	–	–
Denbighshire Voluntary Services Council	294	–	(34)	–	260
Welsh Churches A Fund	203	–	(50)	–	153
National Lottery	2,182	–	(135)	–	2,047
Donation for equipment	50	–	(19)	–	31
Denbighshire County Council Conwy	3,018	–	(885)	–	2,133
Denbigh Town Council	499	1,100	(978)	–	621
Freeman Evans	2,301	200	(279)	–	2,222
Swayne Johnsons	–	610	(603)	–	7
	-------	-------	-------	----	-------
	8,547	1,910	(2,983)	–	7,474
	-------	-------	-------	----	-------

	At 1 Jan 2023	Income	Expenditure	Transfers	At 31 Dec 2023
	£	£	£	£	£
Transfer between funds	–	–	1,931	(1,931)	–
Denbighshire Voluntary Services Council	1,509	4,954	(6,169)	–	294
Welsh Churches A Fund	300	–	(97)	–	203
National Lottery	6,635	–	(4,453)	–	2,182
Donation for equipment	75	–	(25)	–	50
Denbighshire County Council Conwy	–	6,040	(3,022)	–	3,018
Denbigh Town Council	–	1,000	(501)	–	499
Freeman Evans	–	3,472	(1,171)	–	2,301
Swayne Johnsons	–	–	–	–	–
	-------	--------	--------	-------	-------
	8,519	15,466	(13,507)	(1,931)	8,547
	-------	--------	--------	-------	-------

18. Analysis of net assets between funds

	Unrestricted Funds	Restricted Funds	Total Funds 2024
	£	£	£
Tangible fixed assets	439	2,505	2,944
Current assets	(2,041)	4,969	2,928
	-------	-------	-------
Net assets	(1,602)	7,474	5,872
	-------	-------	-------

	Unrestricted Funds	Restricted Funds	Total Funds 2023
	£	£	£
Tangible fixed assets	531	3,394	3,925
Current assets	(239)	5,153	4,914
	----	-------	-------
Net assets	292	8,547	8,839
	----	-------	-------