**Trustees’ Annual Report for the period From 01/04/20 Period start date To 31/03/21 Period end date**
**Charity name: Louth Men’s Shed**
**Charity registration number: 1173170**
## **Objectives and Activities**
**----- Start of picture text -----**
SORP
referenc
e
Summary of the purposes Para To promote social inclusion for the public
1.17
of the charity as set out benefit by preventing adult men, within
in its governing Louth and the surrounding area, from
document becoming socially excluded, relieving the
needs of adult men who are socially
excluded and assisting them to integrate
into society through the provision of
facilities in which they can meet jointly or
individually to undertake creative,
physical or recreational activities, learn or
pass on skills and knowledge and support
each other socially.
For the purpose of this clause 'socially
excluded' means being excluded from
society, or parts of society, as a result of
one of more of the following factors:
unemployment; financial hardship; youth
or old age; ill health (physical or mental).
Summary of the main Para Projects this year were seriously constrained
1.17
activities in relation to and by the Covid pandemic. We did open for a
those purposes for the 1.19 while with only 6 members at a time.
public benefit, in Small tasks were completed by members
particular, the activities, working from home or going out to sites such
projects or services as a kissing gate repair for a local church.
identified in the All fund raising was cancelled.
accounts.
Statement confirming Para All trustees have been advised on the
1.18
whether the trustees importance and definition public benefit.
have had regard to the The board of trustees are committed to
guidance issued by the ensuring the wider community benefit from
Charity Commission on the shed’s activities and not solely the
public benefit personal benefit that shed members enjoy,
although that does provide wider public
benefits in terms improving members mental
and physical health.
**----- End of picture text -----**
## **Additional information (optional)**
You may choose to include further statements where relevant about:
**----- Start of picture text -----**
SORP
referenc
e
Policy on grant making N/A
Para
1.38
N/A
Policy on social Para
investment including 1.38
program related
investment
The shed would not function without a
Para commitment from a number of members who
Contribution made by 1.38 are happy to contribute to the running of the
volunteers shed.
The trustees value highly the work that the
volunteers do and hope to encourage more
members to share in the management and
operation of the shed.
The loyalty and dedication to the Shed was
greatly appreciated during the difficult covid
year.
Other
**----- End of picture text -----**
## **Achievements and Performance**
**----- Start of picture text -----**
SORP
referenc
e
The direct beneficiaries of the shed are the
shed members themselves and there have
been a number of comments made which
Summary of the main demonstrate the positive impact attendance
Para
achievements of the 1.20 at the shed has had on members.
charity, identifying the There have been number of benefits for the
difference the charity’s wider community by the activities of the
work has made to the Louth Men’s Shed. Apart from the community
circumstances of its projects stated above, the shed members
beneficiaries and any have also helped repair items for local
wider benefits to society residents, reducing unnecessary waste.
as a whole. The shed also facilitates a “hen” shed that
enables local women to meet, learn and
hone up creative and practical skills.
The hens shed met a few times out doors
and contact was maintained with the ladies
to offer help and assistance during the
lockdown periods.
A regular zoom meeting was initiated to
maintain the contact with club members.
**----- End of picture text -----**
## **Additional information (optional)**
You may choose to include further statements where relevant about:
**----- Start of picture text -----**
We currently have a membership of approx.
40 members. The average attendance at the
Achievements against Para shed is 12-15 members during a daily session
objectives set 1.41 that runs 10-3pm Monday, Wednesday and
Friday.
The Hens shed runs every Thursday between
10-12am and has 5 regular members plus
many other drop in ladies.
We hope to increase membership and
available volunteers in the coming year. This
has been delayed by the pandemic and we
still have yet to get back up to the pre-covid
strength.
Our current running costs this year were less
due a rent freeze from our landlord. Our
Performance of insurance company giving us a free 3 month
fundraising activities Para period. Also utilities were less due to the
1.41
against objectives set shed being closed so we only had £4,565 of
running costs. We again received a rates
exemption this year from East Lindsey
District Council.
This years decrease in subscriptions to £36
from £72 was due to being unable to open for
most of the year.
Projects also suffered but we did get a most
welcome £10,000 from the covid funds. This
has saved the club and will be spent on
maintenance and new equipment.
We therefore managed to almost break even
and retain the club funds plus the extra covid
payment.
Our closing bank balance was £13,885
N/A
Investment performance
against objectives Para
1.41
Other
**----- End of picture text -----**
## **Financial Review**
**----- Start of picture text -----**
Review of the charity’s Para 1.21 We have a bank balance of £13,885 at
financial position at the the financial year end. This represents
end of the period about twice our budgeted annual
running costs. The aim in the next
financial year is to hopefully retain that
balance.
Statement explaining the Para 1.22 We aim to hold 75% running costs in
policy for holding reserve as a buffer against unforeseen
reserves stating why they costs or loss of income.
are held
Amount of reserves held Para 1.22 Currently £13,885
Reasons for holding zero Para 1.22 n/a
**----- End of picture text -----**
**----- Start of picture text -----**
reserves
Details of fund materially Para 1.24 n/a
in deficit
Explanation of any Para 1.23 n/a
uncertainties about the
charity continuing as a
going concern
**----- End of picture text -----**
## **Structure, Governance and Management**
**----- Start of picture text -----**
Description of charity’s
trusts:
Type of governing Para 1.25 Constitution
document
(trust deed, royal
charter)
How is the charity Para 1.25 Charitable Incorporated Organisation
constituted?
(e.g unincorporated
association, CIO)
Trustee selection Para 1.25 Trustees elected at AGM by members
methods including details present.
of any constitutional Rotational process ensures no trustee
provisions e.g. election to serves for longer than a 3 year
post or name of any consecutive period without a minimum
person or body entitled 1 year break.
to appoint one or more
trustees
**----- End of picture text -----**
## **Reference and Administrative details**
**----- Start of picture text -----**
Charity name Louth Men’s Shed
Other name the charity uses
Registered charity number 1173170
Charity’s principal address Unit 21, Thames St,
Louth
LN117AD
Names of the charity trustees who manage the charity
Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Nick Jones Treasurer
2 Bernard Whitley
3 Martin Peck Chair
4 Earl Warrilow
5 Tony Hogg Secretary
6 Bernard Whitley
7
**----- End of picture text -----**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
10 Apr 2021 **Signature(s)** Nick Jones This report has been emailed to **Full name(s)** Nicholas Jones trustees but not signed due to covid restrictions
**Position (eg** Treasurer **Secretary, Chair, etc)**
**Date**
## **Louth Men's Shed : Income and expenditure**
## **03/31/2021**
**----- Start of picture text -----**
INCOME ACTUAL
Subscriptions £ 1,499.37
Coffee Jar £ -
Project donations £ 1,254.68
Events £ -
Empty £ -
Grants £ -
Hen's Shed £ -
Bikes £ 199.50
Other £ 11,601.00
TOTAL INCOME £ 14,554.55
EXPENDITURE ACTUAL
Overheads £ 3,290.65
Project materials £ 171.75
Tools & equipment purchase £ 940.50
Tools & equipment maintena £ 162.89
Other £ -
Bikes £ -
Member services £ -
TOTAL EXPENDITURE £ 4,565.79
**----- End of picture text -----**
**----- Start of picture text -----**
INCOME £ 14,554.55
EXPENDITURE £ 4,565.79
MOVEMENT OF FUNDS £ 9,988.76
OPENING BANK BALANCE@ 0 £ 3,897.23
CLOSING BANK BALANCE £ 13,885.99
£ -
£ -
£ -
Total funds £ 13,885.99
**----- End of picture text -----**