HALESWORTH MEN ’ S SHED
TRUSTEES ’ REPORT to 2025 Annual General Meeting
TRUSTEES
Current trustees are Colin Lodge, Mick Holmes, Steve Maxwell, Gabrielle Maughan, Doug Mizon and Geoff Wilson.
Our constitution requires us to have a minimum of three and a maximum of seven trustees. The trustees for the coming year will be confirmed at the AGM. Geoff Wilson and Doug Mizon are both up for re-election this year and have decided not to stand again. Gabrielle Maughan is also stepping down as she will shortly be moving away from Halesworth. Ther are therefore up to four vacancies.
Finances –
The financial report for the year ended 31 March 2025 accompanies this report. We are grateful to Nick Rowlerson for examining the accounts.
You may note that there is a difference on the accounts of £400.01. The treasurer is not sure how this arose but you will be advised of the solution in due course, possibly at the AGM.
Regardless of this we are pleased to report that, after two years of deficits of over £2000, the deficit this year is well under £1,000. This is mainly due to increased membership and an increase in member contributions as a result of changes brought in last year.
An update on our current financial position will be given at the AGM.
Membership
Our membership has grown to just over 60. We have had a boost in membership enquiries this year and the responsible trustee will report further on additional expressions of interest at the AGM.
Premises
As reported last year, the lease on our current premises expires in September 2027. Our landloed has advised us the he is prepared to granr us a new lease on the same
terms as before with rent increases in line with cost of living increases. We will need to make a decision on this at our next AGM or before.
Our sub - committee looked for alternative premises but with no success. There have been interesting recent developments which will be reported at the AGM.
The Trustees - November 2025
HALESWORTH MEN'S SHED Accounts for Year to 31 March 2025
| RECEIPTS AND PAYMENTS ACCOUNT | Year to | ||
|---|---|---|---|
| 31.03.25 | |||
| Receipts | |||
| Members' and Friends' Contributions & sundry | dons | 7,625.71 | |
| Grants and Donations from non members | 325 | ||
| Sales and donations for work done | 4,000.67 | ||
| Donation | 500 | ||
| Bank Interest | 47.51 | ||
| Gift Aid | 1,189.12 | ||
| 13,688.01 | |||
| Payments | |||
| Rent | 7,401.54 | 7,006.32 | |
| Premises Expenses | 539.32 | 549.31 | |
| Equipment purchases and maintenance | 750.64 | 1,696.46 | |
| Materials & Consumables | 1,652.52 | 1,320.87 | |
| Waste disposal | 186 | 246 | |
| Insurance | 908.43 | 770.06 | |
| Utilities | 1,862.31 | 1,998.85 | |
| Advertising and Publicity | 358 | 405.67 | |
| Sundry Expenses | 505.83 | 14,164.59 | 369.92 |
| SURPLUS/DEFICIT FOR THE YEAR | -476.58 | ||
| Opening balances | 27,726.31 | ||
| Less transfer to Premises Reserve | -20,000.00 | ||
| UNALLOCATED GENERAL FUNDS AT 31.03.25 | 7,249.73 | ||
| Balances at 31.03.25 | |||
| 3 month Deposit | 15,025.68 | ||
| 1 month deposit | 15,021.83 | ||
| Bank Current Account | 7,979.81 | ||
| Cash | 354.88 | ||
| 38,382.20 | |||
| Contingency Reserve | 10,000.00 | ||
| Premises Reserve | 20,000.00 | ||
| Unallocated General Funds | 7,249.73 | ||
| Ray Roy bequest | 732.46 | ||
| 37,982.19 | |||
| 400.01 |
Examiner's Report
Accounts for the year ended 31 March 2025
I have examined the accounts for the year ended 31 March 2025 and confirm th they are in accordance with the books and records of Halesworth Men's Shed. I have not carried out an audit.
Nicholas Rowlerson
Year to 31.03.24
5,960.00 250 4,789.54 - - 1,130.74 12,130.28
14,363.46 -2,233.18 29,959.50 - 27,726.32 - - 38,358.68 500.1 38,858.78 10,000.00 - 27,726.32 1,132.46 38,858.78
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