2022-03-31-accounts

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Trustees' Annual Report for the period

Period start date Period end date 1 April 2021 31 March 2022

From To

Section A Reference and administration details

Charity name Men in Sheds MK

Other names charity is known by

Registered charity number (if any) 1156425

Charity's principal address

30 Burners Lane

Kiln Farm Milton Keynes Postcode MK11 3HB

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
Michael West	Chair		Annual General Meeting
Peter Gallagher	Treasurer	To April 2022	Annual General Meeting
Nigel Pigott	Secretary		Annual General Meeting
HenrySuppiah	Treasurer	From May2022	Annual General Meeting

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
Financial – Independent Examiner	Stephen Montague	Chiltern View, Hitchin Road, Pegsdon, SG5 3JT

Name of chief executive or names of senior staff members (Optional information)

n/a

Section B Structure, governance and management

Description of the charity’s trusts

CIO Constitution Type of governing document (eg. trust deed, constitution) CIO How the charity is constituted (eg. trust, association, company)

Election, co-option Trustee selection methods

(eg. appointed by, elected by)

Additional governance issues (Optional information)

TAR

March 2012

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;

The CIO is a member of the UK Men‘s Sheds Association (UKMSA) and has a close relationship with its landlord, the Milton Keynes Community Foundation, which from time to time funds specific initiatives at the Shed.

Risks are identified and managed by the Trustees in liaison with the Management Committee.

the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

The objects of the CIO are: to promote the preservation and protection of men's good health, for the public benefit, in particular but not limited Summary of the objects of to those who are retired, unemployed or have health problems, through the charity set out in its the provision of facilities for hobbies, recreation or other leisure time governing document occupations including practical interests, skills sharing, the learning of - new skills, and contributing to community based projects. Since fully re-opening following the pandemic the Shed has undertaken Summary of the main a number of construction projects in support of local schools and other activities undertaken for the volunteer groups including the production of a large number of donation public benefit in relation to collection boxes for the MK Food Bank and the construction of these objects (include within replacement benches for the Wolverton Secret Garden. It has also built this section the statutory a number of internet radios to enable patients at Milton Keynes declaration that trustees University Hospital who do not own smart phones to listen to MK have had regard to the Hospital Radio. guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

Section D Achievements and performance

Summary of the main achievements of the charity during the year

See Section C above.

TAR

March 2012

Section E Financial review

Financial reserves to the extent of one year’s operation are held in our Brief statement of the bank accounts charity’s policy on reserves

Details of any funds materially in deficit

n/a

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;

The primary source of funds is regular donations by members and occasional donations by supporters and beneficiaries of the Shed’s work. All expenditure is directed to improving the accommodation and facilities in support of the charity’s objectives.

The bank balance continues to be healthy but we have been fortunate in attracting a number of new donating members and in having an energy account that is fixed until April 2023. We expect increased energy costs in 2023 to have a significant adverse effect on our finances and ways of mitigating this are currently being addressed by the trustees.

investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

----- Start of picture text -----
Signature(s)
Nigel Pigott
Full name(s) Michael West
Position (eg Secretary, Chair, Chair Secretary
etc)
Date
----- End of picture text -----

TAR

March 2012

Men in Sheds MK 1156425 CC16a Period start date Period end date For the period To from 01/04/2021 31/03/2022

Section A Receipts and payments

Men in Sheds MK 1156425 CC16a For the period from Period start date To Period end date 01/04/2021 31/03/2022	Men in Sheds MK 1156425 CC16a For the period from Period start date To Period end date 01/04/2021 31/03/2022	Men in Sheds MK 1156425 CC16a For the period from Period start date To Period end date 01/04/2021 31/03/2022	Men in Sheds MK 1156425 CC16a For the period from Period start date To Period end date 01/04/2021 31/03/2022	CC16a
Section A Receipts andpayments
Receipts	Unrestricted funds to the nearest £	Restricted funds to the nearest £	Total funds to the nearest £	Last year to the nearest £
Membershipfees
Donations	4,105.71		4,105.71
Local Giving	16,939.33		16,939.33	17,510.16
Matched Funding	563.00		563.00	100.00
Grant Funding				853.51
Sale of Goods	2,750.57		2,750.57
Other	96.27		96.27
Interest	0.97		0.97
*Sub total* (Gross income for AR)	24,454.88		24,454.88	18,463.67
Asset and investment sales
Interest	0.97		0.97	21.19
Sale of investments
*Sub total*	0.97		0.97	21.19

Total receipts	24,455.85		24,455.85	18,484.86
Payments
Rent	10,328.25		10,328.25	6,968.84
Insurance	456.20		456.20	2,427.45
Power	2,422.50		2,422.50	1,541.69
Telephone, Internet	911.16		911.16	879.81
Water	269.06		269.06	192.55
Health and Saftey	803.51		803.51	455.70
Consumables	1,224.42		1,224.42	2,728.04
Fixtures	25.82		25.82	109.99
Waste disposal	391.58		391.58	1,055.80
Other	1,075.26		1,075.26	96.00
*Sub total*	17,907.76		17,907.76	16,455.87
Asset and investment purchases
Hand and power Tools (>£25)	69.96		69.96	340.89
Workshop machines
*Sub total*	69.96		69.96	340.89

Total payments	17,977.72		17,977.72	16,796.76

Net of receipts/(payments)	6,478.13		6,478.13	1,688.10
Transfers between funds
Cash funds last year end	16,488.52		16,488.52	14,800.42
Cash funds this year end	22,966.65		22,966.65	16,488.52

Categories Section B Statement of assets and liabilities at the end of the period	Categories Section B Statement of assets and liabilities at the end of the period	Categories Section B Statement of assets and liabilities at the end of the period	Categories Section B Statement of assets and liabilities at the end of the period	Categories Section B Statement of assets and liabilities at the end of the period	Categories Section B Statement of assets and liabilities at the end of the period
Cash funds		Unrestricted funds to nearest £	Restricted funds to nearest £	Total current Period to the nearest £	Last year to the nearest £
Current account		16,912.81		16,912.81	10,435.65
Deposit account		6,053.84		6,053.84	6,052.87
Cash
*Total cash funds*		22,966.65		22,966.65	16,488.52
(agree balances with receipts and payments account(s))		OK	OK	OK	OK
Other monetary assets
Stocks/goods for sale
Debtors




Investment assets






Assets retained for the Shed’s ownuse
Buildings
Large items of machinery		11,050.00		11,050.00
Power tools		1,110.00		1,110.00
Hand tools		2,075.00		2,075.00
Other assets		7,000.00		7,000.00
MakerSpace		1,200.00		1,200.00
				22,435.00
Liabilities
Trade creditors
Accrued expenses




Signed by one or two trustees on behalf of all the trustees	Signature		PrintName		Date of approval
			Michael	West	18/01/2023
			Nigel	Pigott	18/01/2023

Trustees' Annual Report for the period

Names of the charity trustees who manage the charity

Names and addresses of advisers (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Additional governance issues (Optional information)

Section C Objectives and activities

Additional details of objectives and activities (Optional information)

Section D Achievements and performance

Section E Financial review

Further financial review details (Optional information)

Section F Other optional information

Section G Declaration

Signed on behalf of the charity’s trustees

Section A Receipts and payments

Section B Statement of assets and liabilities at the end of the period

Categories