## **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| |---|---| ## **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:||| |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:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|
Para 1.25|| |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| |---|---| **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||| ||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| - **1 All receipts are unrestricted and grants are funds from government and local public organisations** - **2 Donations are receipts from local companies and individuals** - **3 Contributions represent the charges made to community projects** - **4 Subscriptions are funds received from the membership** - **5 Sales are receipts for items either refurbished or manufactured and sold** - **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|||| |---|---|---|---|---|---| ||**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| |**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| ||||**n a straight**|||