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2024-03-31-accounts

Nettlestone and Seaview Shed

Annual Report for 1[st] April 2023 - 31[st] March 2024

Shed members have agreed that one of the most significant achievements in this reporting period was the donation of handmade wooden Christmas toys to the children’s ward at St Mary’s hospital. Volunteers designed and constructed the toys and were delighted to be able to take them to the hospital. Staff confirmed our hope that these gifts would be of significant benefit to the children.

During this period Shed members continued to receive requests from groups and organisations within the Parish of Nettlestone and Seaview in respect of making or repairing items. A new notice board was made for Seagrove Pavilion and an existing notice board was refurbished for St Peter’s Church, with the latter being admired for the quality of craftsmanship. The metal gates at St Peter’s were repainted in time for the late Queen’s Jubilee. A new notice board near Quay Rocks identifying the ships that pass was also made, with wind and weatherproofing being important in its exposed position.

In conjunction with the Parish Council’s initiative to promote a circular walk around the village, the Shed produced small wooden red squirrel shaped way marking signs for the Barnsley Trail.

In January the Shed was approached by Ryde Town Council with a request to consider helping with the construction of a disabled board walk for Ryde beach. Members agreed it was a task they would be keen to undertake. Work is due to commence during the next reporting period.

A chance discussion by a Shed member resulted in a number of ‘quirky faces’ spectacle holders appearing in all branches of ‘Wight Sight’ opticians, with a kind donation received from the manager.

In July the construction of a wood store and finishing room, which was started in March, was completed. This new building, adjacent to the original workshop, will provide much needed clean space to paint and varnish items made in the workshop as well as an indoor space to store wood.

Many of these accomplishments are added to the website gallery and are shared on Facebook, links at the end of this report.

Together with the donations received for repair work and the generosity of residents and local businesses, fundraising continued through attendance at local craft events.

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In December members organised their own Christmas Craft Fair in conjunction with the local WI.

As a result of a successful bid for a small grant from Wight Aid, members were able to purchase a new gazebo for use at all outdoor promotional events.

By the end of this reporting period sufficient funds had been raised to purchase a new dust extraction system; a long awaited and much needed health and safety addition to the workshop. This equipment necessitates the construction of a separate sound reducing housing unit on the exterior of the workshop. It is anticipated that the unit will be installed and operational in the next financial year.

Trustees and Shed members are all volunteers clocking up a phenomenal total of 5,121 hours of time during this reporting period.

On a day-to-day basis, a group of approximately 8-10 members attend the workshop making and repairing items. But, once a month, our wider group of up to 30 social members meet, emphasising the enormous value of the social side of the Shed. Probably the most memorable social event during this reporting period was a trip on the Waverley paddle steamer.

Financial sustainability is of paramount importance if the Charity is to continue to deliver its objectives. Currently there are no uncertainties about the Shed’s continuation. Sufficient funds have been raised to ensure continuation for at least the next few years. A reserve fund had been created to ensure running costs are covered, together with contingency for repairs.

Once again this year, I’d like to thank all the Trustees and volunteers who help to make the Shed such a success, without you, it would not be possible.

Somewhere to go, something to do, someone to talk to. Working IN, WITH and FOR the Local Community

Rob Webb Chairman 29[th] April 2024 Kindly assisted by Lynn Stack, Trustee

Shortcut to our website gallery: htps://bit.ly/nashersgallery htps://www.facebook.com/groups/NaShers htps://www.instagram.com/na.shers htps://twiter.com/Na_Shers

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St

Mary’s Children’s ward toys (November 2023)

New ‘clean’ finishing room and store (March – April 2023)

Finishing room (May – July 2023)

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Nettlestone and Seaview Shed Nettlestone and Seaview Shed 1189878
Receipts andpayments accounts CC16a
For the period
from
4/1/2023 To 3/31/2024

Section A Receipts and payments

Section A Receipts and payments Section A Receipts and payments
A1 Receipts
Balance b/f
4,429
Donations
8,960
Gift Aid
1,033
Refunds
63
Interest
1
Grants
500
-
-
14,986
Unrestricted
funds
to the nearest £
Sub total(Gross income for AR)
to the nearest £
4,000
-
-
-
-
-
-
-
4,000
Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
Endowment
funds
Total funds
to the nearest £
8,429
8,960
1,033
63
1
500
-
-
18,986
Last year
to the nearest £
Balance b/f 4,429 4,000 - 8,429 5,508
Donations 8,960 - - 8,960 8,617
Gift Aid 1,033 - - 1,033 670
Refunds 63 - - 63 628
Interest 1 - - 1 -
Grants 500 - - 500 700
- - - - -
- - - - -
Sub total(Gross income for AR) 14,986
4,000 - 18,986 16,123
-
-
Sub total -
Total receipts 14,986
A2 Asset and investment sales,
(see table).
-
-
-
4,000
-
-
-
-
-
-
-
18,986
-
-
4,000 - 18,986 16,123
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 14,986 4,000 - 18,986 16,123
A3 Payments
Lighting& Heating
432
Insurance
686
Materials
2,131
Lease
50
Fees(UKMSA)
30
-
-
-
-
Sub total 3,329
New Equipment
3,669
Tools & Equipment
2,451
Sub total 6,120
Total payments 9,449
Net of receipts/(payments) 5,537
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end 5,537
A4 Asset and investment
purchases, (see table)
-
-
-
-
-
-
-
-
-
-
-
4,000
4,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
432
686
2,131
50
30
-
-
-
-
3,329
3,669
2,451
6,120
9,449
9,537
-
-
9,537
158
532
2,816
100
30
-
-
-
-
3,636
4,058
4,058
7,694
4,000 - 9,537 8,429
- - -
- - -
4,000 - 9,537 8,429

Section B Statement of assets and liabilities at the end of the period

Categories
unds
Details
Business current account
to nearest £
2,536
Unrestricted
funds
to nearest £
4,000
Restricted
funds
to nearest £
Endowment
funds
Business current account 2,536 4,000 -

B1 Cash funds

Premium (reserve) account 3,001 - -
- - -
Total cash funds 5,537 4,000 -
(agree balances with receipts and payments
account(s))
OK OK OK
Unrestricted Restricted Endowment
funds funds funds
Details to nearest £ to nearest £ to nearest £
B2 Other monetary assets - - -
- - -
- - -
- - -
- - -
- - -
Details Fund to which
asset belongs
Cost (optional) Current value
(optional)
B3 Investment assets Workshop building 23,377 -
- -
- -
- -
- -
Details Fund to which
asset belongs
Cost (optional) Current value
(optional)
B4 Assets retained for the Equipment & Tools 2022 3,028 -
charity’s own use Equipment & Tools 2023 4,058 -
Equipment & Tools 2024 3,669 -
- -
- -
- -
- -
- -
Total 10,755 -
Fund to which Amount due When due
Details liability relates (optional) (optional)
B5 Liabilities -
-
-
-
-
Signed by one or two trustees on
behalf of all the trustees
Signature Print Name Date of
approval
R D Webb Rob Webb 8/28/2024
Barry Townsend Barry Townsend 8/28/2024