2022-08-13-accounts - Frome Men's Shed

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Trustees’ Annual Report for the period

From 14[th] August 2021 Period start date To 13[th] August 2022 Period end date

Charity name: FROME SHED

Charity registration number: 1172707

Objectives and Activities

Summary of the purposes of Charitable Objectives: For the public benefit, the preservation and the charity as set out in its protection of good health among people in Frome and the surrounding, area, including retired, unemployed and those with governing document health problems, through the provision of facilities for hobbies, recreation and practical interests, skills sharing and learning and conducting community-based projects. Overview of the Charity: The Frome Shed offers workshop space and tools including tools larger than used in most home workshops. Members decide which projects that they do. These include projects for members, individuals and community organisations.

Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.

These are the main areas of public benefit undertaken by the Shed.

To share skills and interest, swap ideas and pass on knowledge.
Work on projects that will aid the community and develop a sense of achievement.
Provide a venue where members can meet, relax and share concerns and discuss issues.
Use machine and other tools on more challenging projects
Promote physical and mental well-being and meet visitors to the Shed.

Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit

All current Frome Shed Trustees have read and taken note of the Commission’s public benefit guidance and have regard to it when making decisions and exercising any powers or duties to which the guidance is relevant.

Additional information (optional) You may choose to include further statements where relevant about:

Policy on grant making

No grants have been issued by the Frome Shed during this period.

Policy on social investment Frome Shed Trustees have not considered any social investment at including program related present. Should any Social Investment be considered the Trustees investment will seek advice and develop policy in accordance with commission guidelines. Contribution made by The Frome Shed has no employees and is run completely by volunteers Volunteer Members. All of the Duty Managers have attended First Aid courses so that they can address any issues should they arise. We have also run sessions so members can make safe use of machine tools.

Achievements and Performance

Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.

The Frome Shed aims to run 50 sessions a year for the Thursday Men’s Shed and another 50 for the Women’s Shed on Mondays. The Men’s Shed ran all 50 sessions with an average of just over 14 Shedders per Session. We have lost several members during the year, 2 having died one moved away from the area and an ex member and Trustee of the Shed set up a new shed in his home town of Gillingham in Dorset and one member left and joined that shed.

The Women’s Shed ran 64 sessions over 50 weeks with an average attendance of 12.5 per week. Extra sessions were run to suit availability and for particular skills.

The shed has done a number of projects for members of the community and organisations and these include.

Making or refurbishing benches for a neighbouring Church.
Building Notice Boards for the local council in connection with Town Twinning Gardens. Done by Men and Women’s Shed.
Building access ramps for disabled people
Several planters for local people
A repeat order of refurbishment of outdoor furniture for Frome Hospital.
Several Chair repair and refurbishment projects for local people.
The Women’s Shed has also carried out the following projects.
Bunting and Banner for the Town Council Great Big Garden Week.
Christmas Shopping Banner and Jubilee Bunting for the Town Council.

In addition the Women’s shed has held a MacMillan Coffee morning and held an Open Evening.

Additional information (optional) You may choose to include further statements where relevant about:

The shed succeeded in running the maximum number of sessions Achievements against and carrying out a number of community projects. As a carry over from the Covid restriction period we refurbished the men’s toilets in objectives set the building that we rent. This was part of an agreement with our landlady in exchange for a Covid rent free period. In addition the shed had an Air Filtration System installed to improve the air quality in the shed as the main workshop has no windows.

Improvements were also made to dust collection in the Machine Shop which also has no windows.

Performance of fundraising activities against objectives N/A set Investment performance against objectives N/A

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Income this year was £6.85k, compared with £21.9k last year but last year’s income was boosted significantly by grants. Expenses this year were £12.3k compared with £22.8k last year but last year’s expenditure was relatively high due to the installation of additional environmental protection equipment. Cash at the end of the year is down by £5.4K due to all expenditure comingfrom what moneyis in the bank.
Statement explaining the policy for holding reserves statingwhytheyare held	There is no policy regarding reserves but Trustees are agreed that, ideally, cash will be held as a reserve should it fall to be in the region of 12 months runningcosts.
Amount of reserves held	No money is held as a‘reserve’.
Reasons for holding zero reserves	To date, Trustees have not judged a reserve to be necessary for the survival of the Frome Shed.
Details of fund materially in deficit	None
Explanation of any uncertainties about the charity continuing as a going concern	None

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed,royal charter)	Charitable Incorporated Organisation (CIO) Association Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Charitable Incorporated Organisation (CIO) Registered 24 Apr 2017
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Elected by members at Annual General Meeting (AGM) The members or the charity trustees may at any time decide to appoint a new charity trustee, whether in place of a charity trustee who has retired or been removed, or as an additional charity trustee, provided that the limit on the number of charity trustees as detailed in the Constitution is not exceeded. The number of Frome Shed Trustees over the period has not exceeded the constitutional requirements.

Reference and Administrative details

Charityname	Frome Men’s Shed
Other name the charityuses	The Frome Shed(Workingname)
Registered charitynumber	Charitynumber: 1172707
Charity’s principal address	22, Slipps Close Frome, Somerset BA11 1FW

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
Ros Whitehouse	Chair of Women’s Shed section	Whole period
Anne Jones	Membership Secretary	Whole period
Pamela Curtis		Wholeperiod
Colin Pearce		Wholeperiod
John Corfield	Treasurer	Wholeperiod

Corporate trustees – names of the directors at the date the report was approved - NONE Name of trustees holding title to property belonging to the charity - NONE Funds held as custodian trustees on behalf of others - NONE Exemptions from disclosure - NONE

Section A Receipts and	Section A Receipts and	Section A Receipts and	payments
			Unrestricted funds	Restricted funds	Endowment funds		Totalfunds	Last year
			to the nearest	to the nearest e	to the nearest€		to the nearest€	to the nearestg
			e
A1
Donations			1,571				1,571	1,452
Grants								18,919
Membership Fees			630				630	210
Session Collections			4,645				4,645	1,206
Bank lnterest			1				1	I
Other								102
		AR)	6,847				6,847	21,897
A2Asset and investment sales,
(seetable).
		rrh lala
	Totalreceipts		6,847			I	s,e+z I	21,897
A3
Rent			8,400				8,400	8,234
Premises			1,970				1,970	11,283
lnsurance			331				331	331
Other Recurring Costs			275				275	154
Tools			230				230
Sundries			1,062				1,062	?52
COVID								781
Zoom & Tablet Projects								1,397
Town Hall Toys								220
		Subtotal	12,267				12,267	22,752
A4Asset andinvestment
purchases,(seetable)
		Subtotal
	Totalpayments		12,267				12,267	22,752
Netofreceipts/(payments)			5,420				5,420	855
A5Transfersbetween		funds
AGCashfunds	last year end		24,175				24,175	25,031
Cashfundsthis		yearend	18,755				18,755	24,176

SectionBStatement	of assets andliabilitiesat	the end of	theperiod
		Unrestricted	Restricted	Endowment
	et!l*	funds	funds		funds
		tonearest e	tonearestf	to	nearestt
B1Cashfunds
		18,754
	Totalcashfunds	18,7U
	(agree balances with receipts and payments
	account(s))
		Unrestricted	Restricted	Endowment
		funds	funds		funds
	Details	tonearestf	tonearestf	to	nearestt
82Other monetary assets
	Details	Fundto which asset	Cost(optional)	Current value
83 lnvestmentassets
	Details	Fundto which asset	Cost (optional)	Currentvalue
84Assetsretainedfor the
charity's ownuse
		Fundto which	Amountdue	\Mendue
	Details		)tonal		oplronal
85 Liabilities
Signed by oneortwo trusteeson behalf of all the trustees	Signature	PrintName			Dateof
		i,lfirn'i;t	ITrI n\Fr'
		d,e"F.csAYtstD		IS	44
CCXX R2 accounts (SS)	2			14t08t2022