2020-12-31-accounts

Men’s Shed Ottery

The Station, Mill Street, Ottery St Mary,

Devon EX11 1AH

To all the members 31[st] December 2020

Treasurer’s and Secretary’s report

What a year! In Covid lockdown for six months!

We shut down on the 15[th] March and reopened on the 1[st] September with a small ceremony and opening speeches from Vicky Johns, the Mayor of Ottery and our new Chairman Rob Petrie.

We have inevitably lost income through both session fees and donations. This, to a certain extent, was offset by a rental holiday generously given by the Ottery Town Council and similarly our insurance renewal was delayed by Zurich.

A WhatsApp group was established and a fortnightly car park picnic lunch was instituted when weather allowed. This helped to main contact for our members. An AGM saw a change in our committee with John Payne stepping down as Chairman and we welcomed our new Chair, Rob Petrie who is now also a new Trustee. The posts of Treasurer and Secretary will continue as before. Ron Badger, Peter Gradon and Mike Stephenson have also added support as Trustees.

Our two year negotiations with the Ottery Football Club had stalled yet again with no apparent progress. An email contact through Ian Holmes an ex-Ottery Town Councillor put us into contact with Stuart Phillips, a local businessman. He offered us a lease on a spacious premises on Hind Street in the centre of Ottery St Mary for a very affordable rent. We took formal occupation on 1[st] of December and we are now in the process of adapting the property to our specific needs.

This has relieved our Shed of the responsibility of holding back capital which was planned for a new build at the Ottery Football Club. We have therefore been able to invest in a new table saw, dust extractor and now have a planer/thicknesser on order. Additionally, we now have a first class web site which is being managed by Richard Hemming, the able son of our Secretary.

Not surprisingly, our expenses have exceeded our income by £7,385.50 and leaves an end of the year balance of £2,897.38. We will start a round of crowdfunding early in the New Year to bring our reserves back to a healthy figure.

Tony Pugh, Treasurer/Trustee Mike Hemming, Secretary/Trustee

Correspondence address: Treasurer: Tony Pugh

18 Hayne Park, Tipton St John, Sidmouth, EX10 0TA. Tel. [phone]

E-mail: [e-mail] Registered Charity 1174652

Balance Sheet ending 1[st] September 2020

Balance Sheet ending 1st September 2020	Balance Sheet ending 1st September 2020
Year to Year to
General Fund	31/12/201931/12/2020
	£ £
Balance at start of year	5624.75 10534.56
Excess receipts over payments	4909.81-7385.5
Balance at the end of the year	10534.56 2897.38
Represented by
Current Account	10338.95 2867.63
Cash in hand	195.61 29.75
Total	10534.56 2897.38
Receipts
Subscription	280.00 281.00
Session fees	3281.00 897.00
Donations	5254.20 1273.50
Sales	1190.72 689.00
Grants	2120.00 -
Christmas Dinner	306.00 -
Total	12431.92 3230.50
Expenses
Rent	2000.04 1108.30
Utilities	393.50 15.96
Capital Items	352.47 -
Consumables	1802.59 -
Sundries	791.86 1394.41
Timber	475.16 290.02
Insurance	338.87 -
Misc.(including Christmas Dinner)	1288.44 -
Fees	79.18 576.00
Total	7522.11 2180.32
Correspondence address: Treasurer: Tony Pugh
18 Hayne Park, Tipton St John, Sidmouth, EX10 0TA. Tel. [phone]

E-mail: [e-mail] Registered Charity 1174652

Excess Receipts over Expenses 4909.81 81.18

Correspondence address: Treasurer: Tony Pugh

18 Hayne Park, Tipton St John, Sidmouth, EX10 0TA. Tel. [phone]

E-mail: [e-mail] Registered Charity 1174652