SHREWSBURY MEN'S SHED
Preventing, particularly but not exclusively, men aged 18 or over, within Shrewsbury and the surrounding area, from becoming socially excluded, and assisting them in the provision of facilities in which they can jointly or individually undertake creative, physical, or recreational activities, learn or pass on skills and knowledge and support each other socially.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net increase in funds of £14,845 for the year ended 31 December 2024, with total funds carried forward reaching £74,914. However, the trustees acknowledge that free reserves were in a deficit of £19,505, reflecting significant investment in the Shed's development. Despite this deficit, the board remains confident that the charity is an effective going concern.
What the accounts disclose
“Donations and legacies 12,450 58,704 71,154 20,604” — page 9
“At 31 December 2024, the free reserves of the charity were a deficit of £19.505 which the Trustees acknowledge is a reflection of the significant investment of funds into the Shed.” — page 6
“During the year, the Charity received a loan of £15,000 from Mr C G Cutting, a trustee of the charity {resigned 21 October 2024), A repayment schedule has been agreed and this loan will be repaid in full by 31 December 2027.” — page 20
“The charity has received £200 from Trustees in respect of sponsorship, donations and monthly contribution.” — page 20
“During the year, the Charity received a loan of £15,000 from Mr C G Cutting, a trustee of the charity {resigned 21 October 2024), A repayment schedule has been agreed and this loan will be repaid in full by 31 December 2027.” — page 20
“The charity has received £200 from Trustees in respect of sponsorship, donations and monthly contribution.” — page 20
Register events
- Received assets from another charity (17/02/2025)
Trustees
- Simon Rousechair
- Arran George McLachlan
- Carl Ward Johnson
- Glynn Anthony Dixon
- James Robert Smith BA Msc
- Katey Ann Evans
- Merlin John Thomas
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £85k | £70k |
| 31/12/2023 | £25k | £11k |
| 31/12/2022 | £52k | £6k |
Common questions
Is SHREWSBURY MEN'S SHED financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net increase in funds of £14,845 for the year ended 31 December 2024, with total funds carried forward reaching £74,914. However, the trustees acknowledge that free reserves were in a deficit of £19,505, reflecting significant investment in the Shed's development. Despite this deficit, the board remains confident that the charity is an effective going concern. Its FY2024 accounts were independently examined.
Who funds SHREWSBURY MEN'S SHED?
Funders whose own accounts filings name SHREWSBURY MEN'S SHED as a grant recipient include THE MILLICHOPE FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE MILLICHOPE FOUNDATION | FY2023 | £1k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 08/08/2024 | £20k | Shrewsbury Men's Shed Phase 2 |
| The National Lottery Community Fund | 16/09/2022 | £10k | SHREWSBURY Men’s Shed |