2023-03-31-accounts

BISHOP’S STORTFORD MEN’S SHED

Registered Charity No: 1182634

Report of Trustees and Accounts for the period ending 31 March 2023

Bishop’s Stortford Men’s Shed (“BSMS”) Report of Trustees for the period ending 31 March 2023

Management

Those involved in managing BSMS during the period were as follows

Trustees:

• David Brown

• Trevor Bennett

• Chair

• Vice Chair

• John Palombo (from 13[th] April 2022) Secretary

• Simon Marlow(until 9[th] November 2022)

• Ian Cronshaw (from 13[th] April 2022)

• James Turner (from 13[th] April 2022)

Executive Committee:

• John Palombo Treasurer

• Ian Cronshaw Health and Safety  Open Membership

Incorporation and Objectives

BSMS was incorporated as a charitable incorporated organisation and registered with the Charity Commission on 26[th] March 2019.

The objectives of BSMS, as set out in its constitution are to promote social inclusion for the public benefit by preventing people (particularly but not exclusively older men), within the area of Bishop's Stortford and surrounding area, from becoming socially excluded. Relieving the needs of those people who are socially excluded and assisting them to integrate into society through the provision of facilities in which they can meet to undertake jointly or individually, creative, physical or recreational activities, learn to pass on skills and knowledge and support each other socially. In this context, "socially excluded" means being excluded from society as a result of one or more of the following factors; unemployment; financial hardship; bereavement or old age; ill health (physical or mental.

Activities

After the disruption caused by the Covid 19 pandemic, this year saw a welcome return to normality for the Shed.

• Memberships increased to 13 regular members, with a number of guests also attending from time to time.

• This meant that most weeks the shed was running at full capacity, or overcapacity occasionally which restricted our ability to work on projects.

• We’ve completed many projects for local schools, churches, charities and other clubs.

• Our finances are stable and we benefitted from a number of generous donations over the course of the year.

• Most importantly, we’ve drunk a lot of tea, had a lot of chat and generally boosted our wellbeing whilst at the same time helping others in the community!

Bishop’s Stortford Men’s Shed Accounts

INCOME AND EXPENDITURE ACCOUNT

		Year
		Ending
	31/03/2022	31/03/2023
Income
Donations	£26.32	£2,178.05
Subs	-	£30.00
Receipts	£200.00	£99.00
Other	-	-
Total Income	£226.32	£2,307.05
Expenditure
Overhead Costs	£349.07	£362.73
Material Costs	-	£475.88
Capital Purchases	-	-
Other	-	-
Total Expenditure	£349.07	£838.61
Net Income	(-£122.75)	£1,468.44
CHARITY FUNDS
Opening Bank Balance	£1,211.49	£1,088.74
Net Income	(-£122.75)	£1,468.44
Closing Bank Balance	£1,088.74	£2,557.18

These Accounts were approved by the Trustees on 2[nd] August 2023 and signed on their behalf by:

David Brown, Chair