2022-06-30-accounts

How the charity is constituted		Association
Trustee selection methods		All trustees are volunteers. They are either elected by the membership at
	/	an AGM; or ifa vacancy occurs between AGMs, a replacement is
		appointed by the other trustees at a formal Trustee Committee Meeting.
Additional governance issues	(Optional information)
You may choose to include additional information, where relevant, about:		AII new Trustees are provided with a copy ofthe Charity Commission Pack for new trustees, and are encouraged to attend the free trustee's training provided by the Cardiff 3"Sector Council.
~ policies and procedures adopted forthe induction and training oftrustees;		All current and past trustees have had a close association with the Shed prior to volunteering to become a trustee; hence, when appointed they are already conversant with the policies and procedures and the wider network ofinteraction with other organisations.
~ the charity's organisational -structure and any wider network with which the charity works;		Three oftrustees are also Shed members and play an active role in the day-to-day running ofthe Shed and provide feedback at Trustee Meetings on membership issues.
~ relationship with any related parties;		There is also a Shedders Committee that holds monthly meetings, to which all Shed members are invited to attend. This committee deals with day-to-day management issues and brings to the trustees' attention any
~ trustees' consideration of		issues that may require trustee intervention and/or mediation.
major risks and the system and procedures to manage them.		The trustees continually monitor safety in the work environment and any financial risks that could threaten the continued viability ofthe Shed.
		Tofacilitate the coming together of lonely and socially isolated people,
Summary ofthe objects ofthe		with emphasis on older men, in a physically and emotionally safe environment where they can participate, with their peers, in woodworking,
charity set out in its		craft and social activities.
governing document

						The problems that the Covid restrictions had caused were detailed in our	The problems that the Covid restrictions had caused were detailed in our
						previous Annual report. These issues are no longer affecting the conduct
						ofour activities; however, the age and underlying health issues of many
						ofour members remains something that we have to be cognizant of in all
						our planning.
						The development program we undertook during the Covid period to roof
						a large outdoor area with clear polycarbonate sheeting has proved a
						great success. We are still to hold an official opening event, but the area
						is in constant use, even in colder weather. The provision oftables and
						seating and some recreation equipment, namely a dartboard, chess set,
Summary ofthe main activities undertaken for public benefit in relation					the to '	and some other not so well-known board games, has encouraged a small group of members to enjoy their activities without being disturbed by the noise and dusty generated by the machines in the woodworking area.
these objects (include within this section the statutory						Our plans for rebuilding our membership post pandemic have produced significant increase in numbers, which has doubled since the Covid	a
declaration		that trustees			have	restriction were lifted. We have been advised by several ofthese new
had	regard	tothe guidance				members that the loneliness they experienced during the lockdown
issued by the			Charity			showed them how vital itwas for their mental health to get out and
Commission			on public			reconnect with their community.
benefit)						On 24~ February 2022 we tinally heid our iong overdue AGM. As
						previously reported, the AGM planned for mid-April 2020 had to be
						indefinitely postponed due to the Covid social distancing restrictions in
						@alar ra nl khan II!run y&aua aa usa un&a.
						A r~ov ofthe mini !teeofthe AQIVI meetinn anrl ofthe Tri!Steec' Renort	to
						Members are attached to this report.
PLQllli!Vlldl LIOLdllll Vl				VV!Cl LIVES		d!IU dl LIVILI'55!L~IIL!V!Id!!Il!V!!!!5L!V!!!
						l!I Gdlrly 2021I d review was UI IUGI LdkeI I by LIIG TI"UsLGGs of oUIr
						Constitution, which had not been reviewed since the organisation was
						formed inZ)16. The foliowing problems were identified:
						~ it ic rIoorlv conctr!Icted with ceveral different naraoranh
						numbering systems being used, which makes cross-referencing
						ditticult;
						~ it arlrlreccec a n!Imber oftonioc that are not relevant to the wav
You may choose to include						our Shed functions; and
further statemenis, where						~ itdoes not provide governance-guidance relevant to some things
relevant, about:						that have. oor!Irrerl cinr.e the. Sherl wac formerl anrl mav well
~	policy on	grantmaking;				occur again in the future.
	policy programme investment;			related		Hence, the Constitution was rewritten to address all the above problems, and io inciude a reievant iiiie page and a 'Mission Siaiemeni'.
~	contribuiior! made volunteers.			by		A cdl I!pc!IQII wcls LIIGII IIIILIaLGU Lo I Ilake al!sl IGU ITIGITIbe!rs awal 6ol LIIG proposed changes with a view to having them approved at the AGM; this
						included:
						~ roniec ofthe old and the IIndated i,onstit»tion beinrI disolaverl	on
						the Shed notice board for the last six months; and
						~ copies ofihe old and ihe upciaieci Consiiiution being emaiied io aii
						registered Shed members on 16Dec 2021 and aqain on
						03Feb 2022.
						In hnth %ha ahnssa rsea a laRcsr ne evnI&n~I!r ~ ..
						)		I
						members that there would be insufficient time at the AGM to discuss
						March 20'l2

					The Dusty	hed				1168742
					Receipts	and	payments	accou	s		CC16a
					Forthe period
Outolff * «A ".«r«.w« t					from		01/07/2021	To		30/06/2022
e ' .	- ~		~	~.
						Unrestricted		Restricted
							funds	funds		Total funds	Last year
,Receipts						to	the nearest R	tothe nearest f		tothe nearest R	to the nearest R
Subscriptions ':.Donations ::.Grants ::Sales/event income Interest							606.96 82.57 2,529.00 1,850.00			82.57 2,529.00 1,850.00	478 109 14,125 430
Other Sub total (Gross income		forAR)					707.08 5,775.61			707.08 5,775.61	15,142
Asset and investment		sales
Sale ofassets
Sale ofinvestments
Sub total
Total receipts							5,77581			5,775.81	15,14'l.'76
Payments
:Heating &Lighting costs
::Insurance										663A4	445.71
.::Materials &consumables ::Small tools ((f25) ::Repairs and renewals ::Refreshments &cleaning ::Staffand admin costs Training &courses							650.00 2,445.89 182.80 379.30 231.27 65.00			650.00 2,445.89 182.80 379.30 231Q7 65.00	595.50 189.98 59.88 6,777.00
:Sundry ::Structural improvements Sub total							94.24 81.40 4,793.			94.24 81.40 4,793.3	62.83 12,627.00 20,757.90
Asset and investment	purchases
::Hand and power Tools ()f25) Workshop machines Sub total							119.99 2,907.16 3,027.15			119.99 2,907.16 3,027.1
Total paymerrls							7,820A			7,620A9	20,757;90
Net ofreceipts/(payments) Transfers between funds							-2,044.88			-2,044.88	4,616.14
Cash funds last year end Cash funds this year end							9,744.86 7,699.98			9,744Al6 7,699.98	15,361.00 9,744.86

~	e	~		~	~		s	~	~	e ~
; Categories															I
						Unrestricted	Restricted			Total		current			1 I
						funds		funds			Period		Last year
iCash funds						tonearest f				tothe		nearest S	tothe	neareste	I
Current account						7,642.69						7,642.69		9,548.51
Cash						57.29						57.29		196.35
Total cash	funds					7,699.9						7,699.9		9,744.66
(agree balances	with receipts and payments
account(s))
Other monetary assets
Stocks/goods	for sale
Debtors
Investment	assets
Assets retained for the Shed's
own use
Buildings
Large items ofmachinery
Power tools
Hand tools
Other assets
Liabilities
Trade creditors
Accrued expenses
Signed by one ortwo trustees on													Date of
behalf ofall the trustees			Signature				Pnnt	Name					a proval
							i	4&tL	tt'~	Pic~i~			/qt/i	&3
													r/'~/t	zt