Desborough Men's Shed Association Registered Charity No. 1172280 Annual Report and Financial Statements st For the year ended 31 March 2024 Contents Annual Report Pages Receipts and Payments Account Pages Statement of Assets and Liabilities Pages
Desborough Men's Shed Assocfatlon Report of the Trustee5 For the year ended 31, March 2024 The Trustees present their Report togetherwith the Financlal Statements of the Charity for the year ended 31X March 2024 Reference and administrative details. Nameofthe Charlty, Desborough Men's Shed A55OCiation WorkJnE Name,. Desborough Men's Shed A550ciation Charlty RegIStraOn Number.. 1172280 CorresporKleno Addre$5: 14 The Ridings Desborough Kettèring Northamptonshire NN14 2LW Current Trustees.. Mithael Stroud-chairman John Arthur Charle5 Dale- Secretèry Gary Stewart Be idge- Treasurer Raymond Grenville Mllson strurture, Governance and Managernent Governing Document The Charity IS governed by a written constitution. which was adopted on 24 March 2017 when the Charity was registered with the Charity Commission as a CIO. Appointment, indurtion and training of new Trustees The Body of Trustee5 shall be at least three in number and no morè than a maxlmum of twelve. One third of the Tru5tee5 are elected annually at thÈ Annual General Meeting of the charity and all members of the Society are welcome to put their names forward for Alertion. Those who have the appropriate Skills, knowledge and experÉence foi the effertive administration of the Charity are particularly encouraged to stand. Each new Trditee will be briefed on their legal obligatlons under charity law, the content of the Constitution, the committee and decision making processes and the most recent financial performance OT the charity. In addi:ion. all trusteès will bo activèly encouraged to attend external training cour5e5 to enhancÈ understanding of their responsibilities and to improvethelr effectiveness. Page I
Desborough Men's Shed Association CIO Report of the Trustees for the year ended 31, Marth 2024 Objectives and Activitie5 ThÈ oblett of the Charity is the preservation and prgtertion of Bood health amon8 people in Desborough and the surroundlng area, induding those who are retired, unernployed or have health problems, through the provi5i0n of facilitie5 for hobbies, recreation or other leisure time occupation including practical interests, skills sharin& the learnlng of new 5ki115, and helping with community based projects. The Truslee5 aim to achieve this objective by providing a workspace Yhe Shed" for members to use on a daily basis to carry out the activities as mentioned above. The Trustees tonfirrn that they have referred to the guidance contained in the Charity Commission's Éeneral guidan on public benefit whèn revlewlng the tharitls aims and objertives and In planningfvture actlvities. Achlevernents In the Year We meet on a weekly basis every Monday, Wednesday and Friday unless it Is a Bank Hollday 10,00 to 16.CO. The year started as we took In a broken chair to mend and also, we sharpened numerous garden tools ready for the spring. Some of the tools were for the community whi15t others werè donated so that we could repair and sell for donations in order to mainttin the Community Shed. lfi May 2023 one Df our members made three benthe5 for one of our local churches to 51te in their grounds. We also had donated tw¢J wroughi iron bench end5. These were then rubbed down and painted and new wooden slates were fitted. Another job w35 a small child's bench was then brought back to life by our members. Also, in May we fitted a new tountèrfront to the office in the local Library in Oesborough. The Shed inherlted a do115 house and this was gtven a makeover readyto Sell. Word had travelled and another benth wa5 broughiio us to renovate and the owner was very impressed with the result. In June 2023 we helped again with the Carnival Court trailer. Also. In June we received a grant of £680.00 from Persimmon Home5, buhlder5, towards too15 and equipment. In July 2023 a new member jolned and wanted to fulfil a dream to do some carvlng so wlth the too15 that we had acqulred started to Cdrve fa$ and indeed made a few very good carvings. Summer was here and we received many lawn mowèrs to clèan and have theii blades sharpened, again for donations. Stools and tables were constructed by members and more chairs were mended during September and Ortober. At the end of September. a5 a Shed, we joined in the 1940$ Day. We had refvrbished tools for sale and also a 3 rall Hornby Dublo layout for people to come and see. Also in September the local Library asked if we could check the wheels on their movable book racks, and a doration of £50 was received to fund5. In November we revamped a wall notice board foithe local library and also, we were presented wlth a chÈque for £200 by the Carnival committee for o%Jr charity wcrk. With the money raceived from the Carnival Cornm..ttee, plus some additional monies we bou8ht a compound mltre saw lor £274.38 to rep18ce the one that we had that had become a safety Issue. Page 2
Desborough Men's Shed Association CIO Report of the Trustees forthe year ended 31" March 2024 Achievements In the Year contlnued On the last Frlday in November the Town put on a Gala Night and we joined Sn selllng items that had been made by members sud) as hedgehog houses. bat boxes and bird boxes. We also had thè model railway on display. and this time it was a winterf5 scene. Not to mention one of our members and hi5 wife dress(nè up as Father & Mrs Chrlstmas for photographs. On the lead LFP to Christmas the local Carnival Committee toured the town, oyer three nights, with a trailer and WODden slelgh made by the Shed members. On thè 15th of December 2023 we held our AGM in the morning followed bythe Shed's annual Christm4$ lunch at a I] hotel. In January we used part of tbe earlier ant receIV to purchase a 3D prinler and small test pieces were printed, such as Small deer. Also durin8 January we mended a Gultar rack and an 'A' frame for a Kettering Church. Knowing that the Shed had made Eood jobs Oi thesè Items wè were asked tts restore two wooden plant stands, a MultivaS hymn scroll board and rnany church tables. We were also sked by a local De5borough Church to adapt a pedestsl candle holder as the candle slzes had changed. In February we had to change bandsaw blades. for E79.43 as thè one5 that we had were becomin8 blunt. In March 2024 we were asked If we cou,Id take part5 of a long church pew and reduce the size to srnall two-person pew which we duly did. We were Still restoring and revitali5ing gaFden tools for local people also one of aur new members was making clocks frorn old wood and installing new battery workings wlth a facè and clock hands. Yet again quite a busy year for mèmber5 of the Shed In Desborou8h. Membership The society had 41 paid up members during thi5 year. Finandal Revlew The charitws general unrestricted income has remained at a similar level to the prevlous year. Expenditure ha5 decreasO sl&ghtly mainty due to the timing of rent payments. A restricted fund was brought forward from the previous year with 8ranÉs of £2,(KX) recelved in that vear for the purchase and installation of a defibrillator and unused grants for tools and equipmenl of £835.22. The defibrillator ha5 Still not been purchased. Grants for equipment of £680 have been added and equipment purchased of £667.42 and a grant of £2,() towards fvtsjre light and heat received. The charity considers that a 8eneral reserve in the reglon of £6.IXKI is required whF¢h reprèsents approximately Six month5 of operation. Due to the grants received in previous years and the lack of operation during the Covid perlod thegeneral reserve far eXedS this level, but will enable ihe charity to operate gc>ing forwards. Declaration I declare, in my capacity of Charity Trustee and Treasurer. that the Trusiees= Have approved the report above-, and Have authorised me to sign it on their behalf Gary Berridge, Treasurer 14 January 2025 Page 3
Desborough Men's Shed Association Aecelpts & Payments £t0tfor the Year Ended 31 Marth 2024 2024 2023 General Fund Restricted Fund5 Fund5 Fundg RECEIPTS Operatlng Recelpt5 Members, fe Session lees Bank ¢ompEn5ation Te8 Fund Business rate5 refund 1940$ 08y Voluntary Recetpts Grnnts Doiations Investment Recèlpts BanklBuilding Soclety Interest 802.IY) 802.Th) 1,317.50 864.00 879.55 25.00 372.10 121.81 1,317.50 403.00 403.Tr) 34.60 34.60 SIKJ.00 2.680.iK> 2,713.60 3,180.(K> 2,713.60 3.450.00 3,344.87 156.38 156.38 45.22 5,927.08 2,680.00 8.607.08 9,102.55 PAYMENTS Operatlng Costs Rent Electricity & gas Insufdnce Puichase5 Business rates Remembrance wreath Water hèater Refreshments Membershlp f 7,151.(NJ 672.36 563.97 466.95 224.44 27.50 7,151.00 672.36 563.97 1,134.37 224.44 27.50 8,450.00 I.3.89 521.83 3.084.71 161.28 27.50 89,99 27.26 30.IX> 13,396.46 667.42 63.41 30. 9,199.63 63.41 30.00 9,867.05 667.42 Admlnlstratlon Costs Accountancy Stationery 252.00 17.47 269.47 252.LKI 17.47 269.47 240.00 111.65 351.65 TOTAL PAYMENTS 9A69.10 667.42 10,136.52 13,748.11 NET RECEIPTs/IPAYMENTSI 13.542.021 212.58 11.529.441 14,645.561 NETTRANSFEA BÈfwEEN FUNDS MOVEMENT IN BALANCES 13.S42.021 2,012.58 11,529.441 14,645.561 CASH AT BANK & IN HAND Brcuiht Forward 15,874.33 2,835.22 18,709.55 23,355.11 Carrled Forward 12.332.31 4,847.80 17.180.11 18.709.55 Page 4
Desborou8h Men'$5hEd A%sodafjoo ststementolAssets &UabtlltJesAsAt 31 Marth Zo24 These account5 are prèsentptt on a receipts and payments basls.whith Is a faaual cord otthe rn04ey rety¥ed and pald the Charity durin8thp r.nantlal year. Thi5 bays Is considÈrEd io be the most approFri&te for non-compan¥tharitie5 w.th An 3nnu31 Income ol lesi than £250,(W. A 5ta'.emeni of Assets & L'aDi ities, li51148;".e significant P055e551ons and OttandIng fln3ncial comrnitmpnts of thea)arityat theend o.'thehnanLialye3r Se1 Othbdoiy. The trustee5 confirm, In accordantèwith thecharttable Incorpcrfed Organisationslgenerall Regulat% 2011 thalat the year end the Clodid nDt haveany outstandlng guarantees to third partiesnoi arydebt55ecufed OD3S5eis ofthe ao. NON.MONETARY AssErs The charity has equipment purchased and donated In prevknJsyear5. In thecurrentyearthetruste2s purchased a mitre saw for£274.38and a 3D prIn forE587.99. MONETARY A55Ff5& UABILtriE5 2024 Fu Fund5 Fund5 Fur$ C4SH AT 8ANK& IN HAND MH85- Revenue account MK8S-Ciplt81 account MHes- Buffer accoJnt CD-operatlve bartkac£ount Cash In hand 666.63 2.(XXI.( 1847.80 1666.63 9.07C.14 5,114.79 317.08 IIA7 2,335.92 9,932.80 6,066.53 317.08 57.22 .22Z.34 5.114.79 317.08 11.47 4,847.8Q I1.11 I8,.55 DEBT0 & PREPAID EXPENSES CREOITOR5 Amounts pable bythe Charfty Accountsncy 25QC 26L 252. 264.IXI Z64A) Z52. PU14D5 General Fund- Unre5trlrted This represents the fund IhatiheTrustees arefreeto spend in fvlfillin¥theEeneral obetti¥es ofthecharfty Restrfcted Fund5 This coniprlses £2,000 donated Lowards a defièrillatar. whi( was brou.t fol3rd fro lasi year and had rhoi been speit by thè ye3r end, a fund for machinory and too15 conslsting cf £835.22 broughr forward, £680 added as 3 Etant in the year less £667.42 spent durlngthe year le3ng a balance to carry forward of E847.78and a 8rant of t2,(YJJ iecei¥ed Ji the end of.he yeartoward5 futurecosts of light and heaL Th1$ 8i¥Ès a total resrrlrted fund0fÉ4.847.. The acwuDts were appioyed by theTrustees and 5i8Tred on th*r behalf by.. Gary siewaFt 8errldge Treasurer 14 january 2025 PagÈ 5