Tavistock Scrapstore
Registered Charity (CIO) Number: 1161592
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31-03-2022
Tavistock Scrapstore
Printworks
Pym Street
Tavistock PL19 0AW
Objectives and activities
Objectives
To advance arts and crafts in particular but not exclusively by: a) facilitating the use and provision of recycled, scrap or surplus materials as a creative resource to adults and children with the aim of improving their social welfare and conditions of life; and mental health and wellbeing; and by b) inspiring individual and group creativity for the public benefit and for the benefit of the environment.
To protect and preserve the environment for the public benefit in particular but not exclusively by: a) promoting recycling, use of recycled products and the use of surplus or scrap; and by b) advancing the education of the public about waste recycling and use of surplus or scrap.
Activities
Members of the public must become members to use the Scrapstore for purchases. Workshop charges, membership fees, scrap purchases, and donations provide the majority of the income used to cover the operating costs of the Scrapstore.
Membership is open to all, based on a tiered pricing that reflects the relevant use by different types of members. Members visiting the Scrapstore can fill a bag of scraps of materials for the cost of £2. Some items are individually priced to ensure that supplies are used judiciously. The Scrapstore is open Tuesday, Thursday, Friday and Saturdays 11am to 2pm and a weekly workshops are held on Tuesdays 11am to 1pm and 1pm to 3pm in the Printworks.
Achievements and Performance
During this year we have slowly picked ourselves up and have improved our depleted volunteer pool. Our emphasis has been on upcycling and recycling and to this end we have devised a series of workshops and activities reaching all sectors of the community. Because we started this year financially secure we have been able to offer our workshops free of charge.
Financial Review
Tavistock Scrapstore reopened on 15[th] April 2021 following another lockdown and was then able to trade without further interruption for the rest of the financial year. Volunteers were slow to return to the shop which meant it was often a struggle to cover the shifts.
The Additional Restrictions Grants (ARG) Funding from West Devon Borough Council meant that we were in a financially health position if sales were slow however customers were keen to return to the shop and takings were higher than expected.
At the end of the financial year the accounts looked healthy and the accounts and profit and loss sheet for Tavistock Scrapstore were internally prepared by treasurer Deborah Honey, independently prepared by Wings Accountants, Ltd. and approved by the Trustees on 22/11/22.
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Tavistock Scrapstore 2021 2020
Assets 2022 - 2,578.23 2021
Bank INCOME 7,195.42 2,207.26
Reconciling chqsGrants 5615.00- -
5736.00
Till 20.00 20.00
Membership 1408.00 452.00
Safe - -
Scrap bags 481.00 149.00
Petty cash - -
Misc Sales 4169.83 1342.69
Debtors - - 188.98
Workshops 823.00
Accruals 1,140.00
Events
Deferred income -
Donations 14.00 62.02
6,075.42 4,994.47
Donations in Kind -
Other 574.03 68.00
Reconciliation:
B/fwd Unidentified sales 4,994.47 ___
13084.86 7809.71
Income 7809.71
EXPENDITURE
Expenditure 6728.7
Rent 4560.00 3040.00
6075.42
Room Hire 926.40
Workshops 96.00 86.40
Admin. 390.41
100.00
Insurance 197.99 197.99
Marketing 282.57 52.80
Materials 223.71
Christmas 59.66
Repairs/maintenance 406.71
Misc 132.51 1673.34
Fees 54.20
Unidentified petty cash 30.00
Hire of assets
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2022 2021 Assets 1430.89 Bank 10235.97 Cash post y/e - 149.60 Card payments recd post y/e 63.58 Till 20.00 20.00 Unidentified cash Debtors Accruals 100.00____ 1140.00 6,075.42 Reconciliation: B/fwd 6075.42 Income 13084.86 Expenditure7360.24 __ 11800.00
Reserves policy
The charity currently has not yet established a reserves policy. There are no funds in deficit.
Structure, governance and management
The governing document is the Tavistock Scrapstore Constitution adopted on 7th May 2015 which became recognised by the Charity Commission when the Charitable Incorporated Organisation was registered on 11[th] May 2015.
Charity Trustees are elected at the AGM as governed by that document.
In planning the charity’s activities for the year ended 31 March 2022 the Trustees kept in mind the Charity Commission’s guidance on public benefit. All Trustees were briefed on the role of Trustees, given copies of the governing documents of the Scrapstore and referred to the detail on the Charity Commission website related to becoming a trustee.
Tavistock Scrapstore currently has no employees and has 194 paidup members, 14 volunteers and 7 trustees.
Trustees:
-
M. Langton
-
L. Hitchcock
-
V. Alaoui
-
P. Blackmore
-
D. Honey
-
T. Eperon
Declaration
This report was approved by the trustees on 6/12/22 and signed on their behalf by Penny Blackmore.