Trustees’ Annual Report for the period
From 01/03/2023 Period start date To. 29/02/2024 Period end date
Charity name: KINGSBRIDGE & DISTRICT MENS SHED Charity registration number: 1186277
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | We aim to promote social inclusion and assist peoples' general well-being, particularly but not exclusively, men aged 18 or over within the Kingsbridge and surrounding area by supporting each other socially. |
| 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 do this by sharing practical skills and experience, providing facilities, woodworking tools and equipment for hobbies, creative activities and also helping with local community projects. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Trustees are aware of the guidance. |
Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference NA Para 1.38 Policy on grant making NA Para 1.38 Policy on social investment including program related investment
NA Para 1.38 Contribution made by volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| 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 KDMS has continued to support local projects with products, including South Huish Parish with beach feet signs, KDLR with station fencing, bench and guttering to retain rain water. Community Pub Pickwick Inn with various wilding products for their beer garden and various projects for Salcombe Church. |
Additional information (optional)
You may choose to include further statements where relevant about:
Achievements against Para 1.41 objectives set Performance of fundraising activities against objectives Para 1.41 set
| Investment performance against objectives Para 1.41 Other |
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|---|---|
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The Charity is in good financial health, We reduced our balance from circa £9k to £7k with a plan to further reduce it next year due to some major works on the building and tooling. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | We maintain a healthy balance to fund working capital, fund unexpected expenditure when unplanned events occur, fund shortfalls in income. |
| Amount of reserves held | Para 1.22 | £7100 |
| Reasons for holding zero reserves |
Para 1.22 | NA |
| Details of fund materially in deficit |
Para 1.24 | NA |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | Membership and the mix of members with an appropriate level of skill. Whilst providing a wellness service to our members we also have to be able to generate an income. |
| Additional information (optional) You maychoose to include further statements where relevant about: |
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| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | No Grant received for this period so all funds were from Subscriptions, sales of products or sales of tools donated and not required by us. |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | NA |
| A description of the principal risks facing the charity |
Para 1.46 | Membership and the mix of members with an appropriate level of skill. Whilst providing a wellness service to our members we also have to be able to generate an income. |
| Other |
Additional information (optional)
You may choose to include further statements where relevant about:
Structure, Governance and Management
| Description of charity’s trusts: |
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|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 |
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| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustees were selected by position (Chair etc) and those who are most passionate about the scheme. All voted in at AGM. Importantly we wanted Trustees who are members that turn up and get involved. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | KDMS is a member of the UK Mens Shed organisation |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | Kingsbridge & District Men’s Shed |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1186277 |
| Charity’s principal address KINGSBRIDGE MENS SHED MOUNTS QUARRY PLANTATION THE MOUNTS EAST ALLINGTON TQ9 7QJ |
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|---|---|
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Alan Kirk | Chairman | |||
| Malcolm Short | Treasurer & Secretary |
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| Paul Carney | ||||
| Alan Kirk | ||||
Corporate trustees – names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
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) Position (eg Secretary, Chair, etc)
Date
KINGSBRIDGE & DISTRICT MENS SHED
Accounts for Period 1/3/23 to 29/2/24
| Receipts & | Payments | 23/24 | 22/23 | 21/22 | ||
|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | |||
| Receipts | Grants | 1 | 0 | 3070 | 0 | |
| Donations | 2 | 0 | 0 | 185 | ||
| Contributions | 3 | 65 | 0 | 331 | ||
| Subscriptions | 4 | 460 | 480 | 300 | ||
| Sales | 5 | 4,678 | 4352.21 | 1,450 | ||
| Misc | 0 | 121.4 | 0 | |||
| Total | Receipts | 5,203 | 8023.61 | 2,266 | ||
| Payments | Materials | 6 | 5,110 | 3634.17 | 1,991 | |
| Fitting & Maintenance | 0 | 0 | 0 | |||
| Services | 58 | 48 | 105 | |||
| Utilities | 739 | 516.91 | 258 | |||
| Insurance | 414 | 366 | 378 | |||
| Stationary | 4 | 8.78 | 10 | |||
| Subscriptions | 0 | 0 | 24 | |||
| Depreciation | 7 | 394 | 403 | 503 | ||
| Bank Charges | 61 | 71.96 | 11 | |||
| Advertising | 120 | 89.8 | 0 | |||
| Training | 145 | 538 | 0 | |||
| Total | Payments | 7,047 | 5676.62 | 3,280 | ||
| Surplus/ Defecit |
-1,844 | 2346.99 | -1,014 |
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1 All receipts are unrestricted and grants are funds from government and local public organisations
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2 Donations are receipts from local companies and individuals
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3 Contributions represent the charges made to community projects
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4 Subscriptions are funds received from the membership
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5 Sales are receipts for items either refurbished or manufactured and sold
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6 Materials includes raw materials plus equipment not listed under assets 7 Expenditure on equipment was £999 which is depreciated 20% on a straight line basis. The figure for depreciation includes prior years
KINGSBRIDGE & DISTRICT MENS SHED
| Statement of Assets & Liabilities 29/2/2024 7,742 7,742 £ Total assets TOTAL NET ASSETS Notes 1 5,167 2,575 Assets Current assets Current account Fixed assets Equipment Liabilities |
Statement of Assets & Liabilities 29/2/2024 7,742 7,742 £ Total assets TOTAL NET ASSETS Notes 1 5,167 2,575 Assets Current assets Current account Fixed assets Equipment Liabilities |
Statement of Assets & Liabilities 29/2/2024 7,742 7,742 £ Total assets TOTAL NET ASSETS Notes 1 5,167 2,575 Assets Current assets Current account Fixed assets Equipment Liabilities |
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|---|---|---|---|---|---|
| 29/2/2024 7,742 7,742 £ 5,167 2,575 |
9,007 28/2/2023 £ 9,007 7,037 1,970 |
28/2/2022 6620 6620 £ 4607 2013 0 |
7,634 28/2/2021 £ 7,634 5,238 2,396 0 |
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| 7,123 Treasurer & Trustee Chairman & Trustee TOTAL RESERVES Malcolm Short Alan Kirk 29th February 2024 2 8,967 Reserves b/f Surplus/ Deficit -1,844 NOTES 1 Expenditure on equipment was £999 which will depreciate 20% o line basis. The figure for depreciation includes prior years 2 The policy for holding reserves stems from the need to :- A) Fund working capital B) Fund unexpected expenditure when unplanned events occur C) Fund shortfalls in income. |
7,123 8,967 -1,844 |
8,967 6,620 2,347 |
6620 7634 -1014 |
9,409 | |
| 7,634 -1,775 |
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| n a straight |