Trustees’ Annual Report for the period
From 01/04/22 Period start date To 31/03/23 Period end date
Charity name: Louth Men’s Shed
Charity registration number: 1173170
Objectives and Activities
| SORP referenc e |
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| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 |
To promote social inclusion for the public benefit by preventing adult men, within Louth and the surrounding area, from 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 activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
We undertook a number of community projects this year, including: Renovating church exterior notice boards. making planters with trellis attached for local businesses. Renovation of various furniture items for local people. Renovation of vehicle trailers replacing all wood and repainting. Covid is still having an effect on club members with the numbers still low compared to pre pandemic. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 |
All trustees have been advised on the importance and definition public benefit. The board of trustees are committed to ensuring the wider community benefit from the shed’s activities and not solely the personal benefit that shed members enjoy, although that does provide wider public benefits in terms improving members mental and physical health. |
Additional information (optional)
You may choose to include further statements where relevant about:
SORP referenc e |
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| Policy on grant making | Para 1.38 |
N/A |
| Policy on social investment including program related investment |
Para 1.38 |
N/A |
| Contribution made by volunteers |
Para 1.38 |
The shed would not function without a commitment from a number of members who are happy to contribute to the running of the 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. |
| Other |
Achievements and Performance
| SORP referenc e |
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| 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. |
Para 1.20 |
The direct beneficiaries of the shed are the shed members themselves and there have been a number of comments made which demonstrate the positive impact attendance at the shed has had on members. There have been number of benefits for the wider community by the activities of the Louth Men’s Shed. Apart from the community projects stated above, the shed members have also helped repair items for local residents, reducing unnecessary waste. The “Hens Shed” has run its course and the ladies decided to call it a day for their Thursday ladies only. The good thing is that the shed now has several full club members who come when ever they choose. |
Additional information (optional)
You may choose to include further statements where relevant about:
Achievements against objectives set |
Para 1.41 |
We currently have a membership of approx. 22 members. The average attendance at the shed is 5to10 members during a daily session that runs 10- 3pm Monday, Wednesday and Friday. We hope to increase membership and available volunteers in the coming year. This will allow us to |
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| make fuller use of the facilities by extending opening days and hours. |
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| Performance of fundraising activities against objectives set |
Para 1.41 |
Our current running costs are still approx £6500 p.a. We received a rates exemption this year from East Lindsey District Council. This years increase in subscriptions and making a greater revenue from project donations which has helped to keep the club solvent with only a slight loss in cash holding for the year. We ended the year with a net profit in funds of £195 so we start the new year with a bank balance of £9,817. The aim is to improve revenue for 2023/24 by an increased membership and maintain a good income from projects/repairs. |
| Investment performance against objectives |
Para 1.41 |
N/A |
| Other |
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | We have a bank balance of £9,817 at the financial year end. This allows us some surplus for this year in our budgeted annual running costs. The aim in the next financial year is to hopefully increase that balance. |
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| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | We aim to hold 75% running costs in reserve as a buffer against unforeseen costs or loss of income. |
| Amount of reserves held | Para 1.22 | Currently £9,817 |
| Reasons for holding zero reserves |
Para 1.22 | n/a |
| Details of fund materially in deficit |
Para 1.24 | n/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | n/a |
Structure, Governance and Management
| Description of charity’s trusts: |
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| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Charitable Incorporated Organisation |
| Trustee selection methods including details of any constitutional provisions e.g. |
Para 1.25 | Trustees elected at AGM by members present. Rotational process ensures no trustee |
election to post or name of serves for longer than a 3 year consecutive any person or body entitled period without a minimum 1 year break. to appoint one or more This is difficult to achieve with low trustees membership so at the moment all positions are re-elected at the AGM.
Reference and Administrative details
| 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
| 1 2 3 4 5 6 7 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Nick Jones | Treasurer | |||
| Martin Smith | ||||
| Martin Peck | Chair | |||
| TonyHog | ||||
| Neil Dilly | Secretary | |||
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) |
Nick Jones | 20 May 2023 |
|---|---|---|
| Nicholas Jones | This report will be submitted at our AGM inJun 23. |
Position (eg Secretary, Treasurer Chair, etc)
Date 20 May 2023
Charity Name No (if any) Receipts and payments accounts CC16a For the period Period start date Period end date To from
Section A Receipts and payments
| Section A Receipts and payments | ||||
|---|---|---|---|---|
| A1 Receipts 9,334 - - - - - - - 9,334 - - Sub total - Total receipts 9,334 A3 Payments 9,138 - - - - - - - - Sub total 9,138 - - Sub total - Total payments 9,138 Net of receipts/(payments) 196 A5 Transfers between funds - A6 Cash funds last year end - Cash funds this year end 196 Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table) |
to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ 9,334 - - - - - - - 9,334 - - - 9,334 9,138 - - - - - - - - 9,138 - - - 9,138 196 - - 196 |
Last year to the nearest £ |
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9,334 | 8,859 | ||
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| 9,334 | 8,859 | |||
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| - | 9,334 | 8,859 | ||
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9,138 | 13,024 | ||
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| 9,138 | 13,024 | |||
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| - | 9,138 | 13,024 | ||
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196 | - 4,165 | |
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| - | 196 | - 4,165 |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details Details Details Details Details Signature Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ to nearest £ 9,817 - - - - - 9,817 - Agreement Error OK to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Print Name Nick Jones Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional) |
to nearest £ Endowment funds |
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| OK | |||
| to nearest £ Endowment funds |
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| When due (optional) |
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| Date of approval |
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| Nick Jones | 01/05/23 | ||