## **Trustees’ Annual Report for the period**
**From 01/04/23 Period start date To 31/03/24 Period end date**
## **Charity name: Louth Men’s Shed**
## **Charity registration number: 1173170**
## **Objectives and Activities**
||SORP
referenc
e||
|---|---|---|
|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:
This year saw a lot of work on making benches for
local parks and churches
Renovating church exterior notice boards.
Making a renovating village notice boards
making planters with trellis attached for local
businesses.
Renovation of various furniture items for local
people.|
|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||
|---|---|---|
|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||
|---|---|---|
|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 good thing is that the shed now has several full
female 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. 25
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|
|---|---|---|
|||make fuller use of the facilities by extending
opening days and hours.|
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para
1.41|Our current running costs are still approx £6500 p.a.
We did not 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
£3,770 so we start the new year with a bank
balance of £13,587. The aim carry on improving
revenue for 2024/25 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 £13,587 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.|
|---|---|---|
|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 £13,587|
|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:|||
|---|---|---|
|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|||
||Matt Leeming||||
||Chris Exley|Secretary|||
||Neil Dilly||||
||||||
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
07 Dec 2024 **Signature(s)** Nick Jones This report will be submitted at our **Full name(s)** Nicholas Jones AGM in Jun 24. **Position (eg Secretary,** Treasurer **Chair, etc)**
**Date** 07/12/2024
## **Louth Men's Shed : Income and expenditure 31/03/2024**
|**INCOME**||**ACTUAL**|
|---|---|---|
|**Subscriptions**||**£1,767.00**|
|**Coffee Jar**||**£-**|
|**Project donations**||**£7,581.44**|
|**Events**||**£-**|
|Empty||£-|
|**Grants**||**£7,522.85**|
|**Hen's Shed**||**£-**|
|**Bikes**||**£-**|
|**Other**||**£-**|
|**TOTAL INCOME**||**£16,871.29**|
|**EXPENDITURE**||**ACTUAL**|
|**Overheads**||**£6,426.59**|
|**Project materials**||**£2,683.27**|
|**Tools & equipment purchase**||**£3,758.60**|
|**Tools & equipment maintenance**||**£232.00**|
|**Other**||**£-**|
|**Bikes**||**£-**|
|**Member services**||**£-**|
|**TOTAL EXPENDITURE**||**£13,100.46**|
|**INCOME**||**£16,871.29**|
|**EXPENDITURE**||**£13,100.46**|
|**MOVEMENT OF FUNDS**||**£3,770.83**|
|**OPENING BANK BALANCE@ 01/04/23**||**£9,817.09**|
|**CLOSING BANK BALANCE**||**£13,587.92**|
|||**£-**|
|||**£-**|
|||**£-**|
||**Total funds**|**£13,587.92**|