## **Name of Charity Charity No: 1191698** # **Trustees’ Annual Report & Statement of Financial Activity for the period 7 October 2020 to 31 March 2022** ## **Trustees** Adam Willoughby Glyn Davies Paul Jenkinson October 2023 (retroactive) **Telford Makerspace** ## **Trustees’ Annual Report & Statement of Financial Activity for the period 7 October 2020 to 31 March 2022** ## **Contents** ||**Contents**|**Contents**| |---|---|---| |**1.**|**Introduction ................................................................................................... 4**|| ||1.1|Charitable Objects ......................................................................................... 4| ||1.2|Overview (Executive Summary)...................................................................... 4| |**2.**|**Activities & Achievements.............................................................................. 4**|| ||2.1|Outputs & Outcomes ..................................................................................... 4| ||2.2|Policies on Grant-Making and/or Social Investments ...................................... 4| ||2.3|The Roles & Contributions of Volunteers ....................................................... 4| ||2.4|How the Public Have Benefitted..................................................................... 5| ||2.5|Performance (Meeting Targets) ..................................................................... 5| ||2.6|Looking Ahead ............................................................................................... 5| |**3.**|**Financial Review ............................................................................................. 5**|| ||3.1|Financial Position ........................................................................................... 5| ||3.2|Details of Any Funds Materially in Deficit ....................................................... 5| ||3.3|Policy on Reserves ......................................................................................... 5| ||3.4|Principal Sources of Funding .......................................................................... 5| ||3.5|Investments Policy & Objectives .................................................................... 5| ||3.6|Description of the Principal Risks Facing the Charity....................................... 6| ||3.7|Remuneration of Trustees ............................................................................. 6| ||3.8|Statutory Statements on Liabilities ................................................................ 6| |**4.**|**Reference and Administration Details............................................................ 6**|| ||4.1|Charity Name & Registration .......................................................................... 6| ||4.2|Charity’s Principal Address ............................................................................. 6| ||4.3|Names of the Trustees Who Manage the Charity ........................................... 7| ||4.4|Names of Advisors & Senior Members of Staff ............................................... 7| ||4.5|Bank .............................................................................................................. 7| ||4.6|Independent Examiner................................................................................... 7| |**5.**|**Structure, Governance & Management.......................................................... 7**|| ||5.1|Type of Governing Document ........................................................................ 7| ||5.2|Charitable Objects ......................................................................................... 7| ||5.3|Statutory Declaration ..................................................................................... 7| ||5.4|Trustee Selection Methods ............................................................................ 7| ||5.5|Trustee Development .................................................................................... 8| _Name of Charity: Trustees’ Annual Report & Financial Statements_ _Page 3 of 8_ ## **Trustees Annual Report & Statement of Financial Activity for the period 7 October 2020 to 31 March 2022** ## **1. Introduction** ## **1.1 Charitable Objects** The objects of the CIO are (1) to promote for the benefit of the inhabitants of Telford and Wrekin and the surrounding area the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants. ## **1.2 Overview (Executive Summary)** During this period we were setting up in a temporary space, prior to moving into our second set of premises. During this time did run several public workshops to help people develop additional skills. These included: - Pallet wood workshop - Learn to solder - Stop-motion animation - And various other outreach projects in a local community centre We also ran several fundraising activities to help local schools, hospitals and additional external charities. - £400 toy shopping spree in B&M for their in-house Red Robin charity via a donation - £400 toy shopping spree in B&M for the Princess Royal hospital in association with Cash Providers - £800 providing 80 £10 All4One vouchers to be placed in disadvantaged children’s Christmas food parcels in association with Telford Priory school ## **2. Activities & Achievements** ## **2.1 Outputs & Outcomes** Listed above. We also provided a social aspect to neurodiverse individuals to help with social isolation post-Covid ## **2.2 Policies on Grant-Making and/or Social Investments** The charity does not make any grants or make social or programme-related investments. ## **2.3 The Roles & Contributions of Volunteers** The volunteers have helped the Makerspace with decorating and renovating the building we were in and helping run the space. They have also donated equipment. They have also aided the Trustees in the running of the charity. _Name of Charity: Trustees’ Annual Report & Financial Statements_ _Page 4 of 8_ ## **2.4 How the Public Have Benefitted** Within this period we have run a number of social projects to help the local community such as; - Providing £1,600 to Christmas 2021 for kids, schools and hospitals post-Covid - Provide an online community to support a range of makers, with neurodiverse conditions and social inclusion - Community training with practical skills, knowledge hub proving tools, equipment and expertise in helping to make creative activities ## **2.5 Performance (Meeting Targets)** Regular meeting with the trustees to discuss the progress of the charity. Run in an AGILE method. ## **2.6 Looking Ahead** Currently we do not have a useable space to run the activities we would like to. The Makerspace is currently looking into local buildings that can be utilised. ## **3. Financial Review** ## **3.1 Financial Position** Within the date range of (07/10/2020 to 01/04/2022) income Amount was: £4,940 with the outgoings of £4,146. Constant cash flow of £2,473 est from membership fees, others being Grants, fund raisers and donations. saving for future premises. ## **3.2 Details of Any Funds Materially in Deficit** The Charity has no funds which are materially in deficit. ## **3.3 Policy on Reserves** Current charity policy is being created as no need for one pre this review. ## **3.4 Principal Sources of Funding** Detailed in 3.1, ## **3.5 Investments Policy & Objectives** No current investment made of financial nature. _Name of Charity: Trustees’ Annual Report & Financial Statements_ _Page 5 of 8_ ## **3.6 Description of the Principal Risks Facing the Charity** The charity relies on the factors below where if falls below stated threshold will cause for the charity to close. - Members as the purpose of the charity is to create an environment for inclusion, thus without a paying member group of 7 no main financial income and will fall short of outgoings. - No grants or donation, in where subsidising fees to allow persons of limited finance to participate. - Not having an open usable premises for longer then 2 years, as will affect membership numbers. (Excluding Covid shutdowns) - Without premises storage of current equipment is needed linked to funds. - Fund, if any unforeseen outgoing cost, or lake of income should arise in where the threshold is below £500 in accessible fund, shut down procedures will take place and remaining funds used to close of charity. ## **3.7 Remuneration of Trustees** All Trustees act in a voluntary capacity and receive no remuneration or other material benefits from their services to the Charity. Out-of-pocket expenses necessarily and reasonably incurred by Trustees in promoting the purposes of the Charity are reimbursed at cost. ## **3.8 Statutory Statements on Liabilities** The Trustees declare that: The charity has given no guarantees where potential liability under the guarantee is outstanding at the date of this statement The charity has no debt outstanding at the date of this statement which is owed by the CIO and which is secured by an express charge on any assets of the CIO ## **4. Reference and Administration Details** ## **4.1 Charity Name & Registration** **Name of the Charity: TELFORD MAKERSPACE** **Charity No: 1191698** **Registered with HM Revenue & Customs: No** ## **4.2 Charity’s Principal Address** 27 Anson Drive, Leegomery, TF1 6XW **e-mail:** info@telfordmakerspace.org.uk/ **website:** https://www.telfordmakerspace.org.uk/ _Name of Charity: Trustees’ Annual Report & Financial Statements_ _Page 6 of 8_ ## **4.3 Names of the Trustees Who Manage the Charity** _**Name Office Appointed Resigned Appointed by**_ Andrew D’Arcy Jewell Chair 07/10/2020 NULL Glyn Davies Secretary 07/10/2020 NULL Emily Locke Trustee 07/10/2020 NULL Paul Jenkinson Trustee 07/10/2020 NULL Adam Willoughby Treasurer 07/10/2020 NULL ## **4.4 Names of Advisors & Senior Members of Staff** Na All trustees listed above ## **4.5 Bank** TSB Bank: 8 Walker Street, Telford, TF1 1BE ## **4.6 Independent Examiner** None as of yet ## **5. Structure, Governance & Management** ## **5.1 Type of Governing Document** - Constitution - Articles of Association - Policies - Governing document _All available at request if not found on site_ ## **5.2 Charitable Objects** The objects of the CIO are - (1) To promote for the benefit of the inhabitants of Telford and Wrekin and the surrounding area the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants. ## **5.3 Statutory Declaration** The Trustees confirm that they have paid due regard to the guidance issued by the Charity Commission on public benefit in deciding what activities the charity should undertake. ## **5.4 Trustee Selection Methods** There must be at least three charity trustees. The maximum number of trustees is 12. In accordance with the Constitution, Trustees are appointed or re-appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. _Name of Charity: Trustees’ Annual Report & Financial Statements_ _Page 7 of 8_ In appointing Trustees due consideration is given to ensuring that the Trustees have, between them, the skills and experience necessary to manage the charity effectively and in accordance with charity law. ## **5.5 Trustee Development** Report on any activities which have been undertaken by the trustees to enhance their knowledge of, and skills in, the management and good governance of the charity. Approved by the Trustees and signed on their behalf. 07/10/2023 Glyn Davies Temp Chair 07/10/2023 (retroactively filled) Paul Jenkinson Trustee 07/10/2020 Adam Willoughby Treasurer 07/10/2020 _Name of Charity: Trustees’ Annual Report & Financial Statements_ _Page 8 of 8_ CMARThY COMMISSION FOR ￿￿￿[AND AND WAiES Recei tsand ments accounts CC16a Forthe perlod from To 01104122 Section A Receipts and payments Unrestricted Restricted Endowment funds fund¥ toth• r*4N•t £ t¥thè n•aMtE toth• nwi*itÉ tothè nthM•t£ Total fun(h Last y•a tr+th+n￿r￿￿t£ A1 Rocel klemb￿￿1pteeS Oonsb E¥SyFU￿￿￿￿ dDnJ 1473 142 142 io io ChnstrnasFU￿t￿lX4 2.244 Sub totsl(Gro&f incom8 for AR) see tablo. 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