## **Trustees’ Annual Report for the period From: 1 November 2021 To: 31 October 2022**
**Charity name: The Minehead Shed Charity registration number: 1191742**
## **Objectives and Activities**
**----- Start of picture text -----**
Summary of the purposes To promote social inclusion for the public benefit by
of the charity as set out preventing people particularly but not exclusively
in its governing older men, within West Somerset and the
document 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 jointly or individually to undertake creative,
physical or recreational activities, learn or pass on
skills and knowledge and support each other socially.
For the purpose of this clause 'socially excluded'
means being excluded from society, or parts of
society, as a result of one of more of the following
factors: unemployment; financial hardship; youth or
old age; ill health (physical or mental).
Summary of the main These are the main areas of public benefit arising
activities in relation to from the Shed:
those purposes for the • To share skills and interests, swap ideas and pass
public benefit, in on knowledge.
particular, the activities, • Actively pursue hobbies and pastimes
projects or services • Work on projects that will aid the community and
identified in the help develop a positive sense of achievement.
accounts. • Have a safe place to go and relax, drink tea or
coffee, discuss issues, share concerns, talk and have
a laugh, knowing they are among friends.
• Use the machine tools and other equipment in the
Shed to undertake more challenging projects.
• Meet with visitors to and users of the Shed.
• Encourage others and promote general physical
and mental well-being.
Statement confirming All Minehead Shed Trustees have read the
whether the trustees Commission’s public benefit guidance and have
have had regard to the regard to it when making decisions and exercising
guidance issued by the any powers or duties to which the guidance is
Charity Commission on relevant.
public benefit
**----- End of picture text -----**
## **Additional information (optional)**
You may choose to include further statements where relevant about:
**----- Start of picture text -----**
Policy on grant making The Charity does not make grants
Social investment programmes will, at their heart,
Policy on social support would be users who cannot afford the cost of
investment including access to the benefits of the charity. Additionally
program related social enterprises or charities will be supported in
investment acquiring resources within the shed’s scope.
All volunteers will play a part in developing the
Contribution made by charity by managing activities, taking part in
volunteers community support and growing their own
confidence in contributing to the wider community
Other
**----- End of picture text -----**
## **Achievements and Performance**
During the year, the Charity’s trustees have Summary of the main successfully negotiated a 25-year Lease and achievements of the Permission to Alter on suitable premises for The charity, identifying the Shed’s proposed activities. difference the charity’s Successful fund-raising has enabled the trustees to work has made to the create a room now fit for purpose. Donations of circumstances of its furniture and tools have been collected, and beneficiaries and any donations of paint and skirting boards are being used wider benefits to society to put the finishing touches to the Shed. as a whole. Although members have not yet been invited to pay a subscription to The Shed, it is already apparent that a spirit of camaraderie can be anticipated when The Shed opens for meetings.
## **Additional information (optional)**
You may choose to include further statements where relevant about:
**----- Start of picture text -----**
Premise Lease and Permission to Alter both now in
Achievements against place
objectives set Builder and electrician have virtually concluded their
work
Funds remaining may cover the final building and
Performance of electrical matters. A bid has been made for a grant
fundraising activities for final developments.
against objectives set
NA
Investment performance
against objectives
**----- End of picture text -----**
Other
## **Financial Review**
**----- Start of picture text -----**
Review of the charity’s The cash balance carried forward from the last
financial position at the financial year was £36,901 , of which £16,000 was
end of the period funds restricted specifically to be used for various
elements of the fitting out of the shed.
Income for the year was £5,234 , being a £5000
grant from the Clarks Foundation and £234.00 in 2
donations from Peter Slade who is a keen supporter
of the shed.
Expenses for the year was £23,812 and relates to
the securing of the lease and fitting out of the shed
for our purposes, plus rent and insurance. They are
itemised as
Legal Professional fees
£ 3,166
Hire of van & fuel (to move donated equipment)
£ 216
Costs of material, equipment and labour for the
fitting out of the shed
£19,680
Rent £
650
Insurance £
99
A balance of £18,323 was carried forward into the
next financial year, of which £1,000 is funds
restricted to the purchase of equipment.
Statement explaining the No reserves policy in place at present as the Shed is
policy for holding not in operation mode. Reserves policy to be agreed
reserves stating why before the opening of The Shed
they are held
Amount of reserves held We have no funds held in reserve, but as we now
have an ongoing liability for the payment of rent for
a minimum of 5 years (when we have an early
termination option) we will consider holding a
reserve fund sufficient to cover this plus other
premises related charges we would be liable for.
Reasons for holding zero
reserves
Details of fund materially None
in deficit
Explanation of any None
uncertainties about the
charity continuing as a
going concern
**----- End of picture text -----**
## **Additional information (optional)**
You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising) Investment policy and objectives including any social investment policy adopted A description of the principal risks facing the charity Other
## **Structure, Governance and Management**
**----- Start of picture text -----**
Description of charity’s
trusts:
Type of governing Charitable Incorporated Organisation (CIO) Association
document Constitution
How is the charity Charitable Incorporated Organisation (CIO) Registered
constituted? 9 October 2020
Trustee selection Elected by members at Annual General Meeting (AGM).
methods including The members or the charity trustees may at any time
details of any decide to appoint a new charity trustee, whether in
constitutional provisions place of a charity trustee who has retired or been
e.g. election to post or removed, or as an additional charity trustee, provided
name of any person or that the limit on the number of charity trustees as
body entitled to appoint detailed in the Constitution is not exceeded. The
one or more trustees number of Minehead Shed Trustees over the period
has been within the constitutional requirements.
**----- End of picture text -----**
## **Reference and Administrative details**
**----- Start of picture text -----**
Charity name The Minehead Shed
Other name the charity TMS
uses
Registered charity 1191742
number
**----- End of picture text -----**
Charity’s principal 3 Cuzco Gardens, address Minehead Somerset TA24 8DU
## **Names of the charity trustees who manage the charity**
**----- Start of picture text -----**
Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
Andrew Chairman
1
Hazlewood
2 Bernard Secretary
Maynard-Smith
3 Kurt Luty Treasurer
4
5
6
**----- End of picture text -----**
Corporate trustees – names of the directors at the date the report was approved – NONE.
Name of trustees holding title to property belonging to the charity - NONE. Funds held as custodian trustees on behalf of others - NONE. Exemptions from disclosure – NONE.
## **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
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **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**
**The Minehead Shed 1191742**
## **Receipts and payments accounts**
**For the period** Period start date Period end date **To from** 11/1/2021 10/31/2022
## **Section A Receipts and payments**
**----- Start of picture text -----**
Unrestricted Restricted Endowment
Total funds
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
Grants 5,000 - - 5,000
Donations 234 - - 234
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
5,234 - - 5,234
Sub total (Gross income for AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - -
Sub total - - - -
Total receipts 5,234 - - 5,234
A3 Payments
Insurance 99 - - 99
Rent 650 - - 650
Vehicle Hire & Fuel 216 - - 216
Legal Professional Fees 3,166 - - 3,166
Building and alteration works 4,680 15,000 - 19,680
- - - -
- - - -
- - - -
- - - -
Sub total [ 8,811 ] 15,000 - 23,811
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - -
Total payments 8,811 15,000 - 23,811
Net of receipts/(payments) - 3,577 - 15,000 - - 18,577
A5 Transfers between funds - - - -
A6 Cash funds last year end 20,901 16,000 - 36,901
Cash funds this year end 17,324 1,000 - 18,324
**----- End of picture text -----**
## **Section B Statement of assets and liabilities at the end of the period**
||||**Unrestricted**|**Restricted**|
|---|---|---|---|---|
|**Categories**|**Details**||**funds**|**funds**|
|**B1 Cash funds**|Nat West Current a/c
**_Total cash funds_**||**to nearest £**
**18,324**
**-**
**-**
**18,324**|**to nearest £**
**-**
**-**
**-**
**-**|
||(agree balances with receipts and payments
account(s))||Agreement Error|Agreement Error|
||||**Unrestricted**|**Restricted**|
||||**funds**|**funds**|
|**B2 Other monetary assets**|**Details**||**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**|**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**|
|**B3 Investment assets**|**Details**||**Fund to which**
**asset belongs**|**Cost (optional)**
**-**
**-**
**-**
**-**
**-**|
|**B4 Assets retained for the**|**Details**
Furniture, equipment and tools||**Fund to which**
**asset belongs**|**Cost (optional)**
**-**|
|**charity’s own use**||||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|
||||**Fund to which**|**Amount due**|
|**B5 Liabilities**|**Details**||**liability relates**|**-**
**-**
**-**
**-**
**-**
**(optional)**|
|Signed by one or two trustees on
behalf of all the trustees||Signature|Print|Name|
Signed by one or two trustees on behalf of all the trustees
**----- Start of picture text -----**
CC16a
**----- End of picture text -----**
## **Last year**
**to the nearest £ 35,250 1,750 - - - - - - 37,000**
**37,000**
**99 - - - - - - - - 99**
**99 36,901 - - 36,901**
**Endowment funds to nearest £ - - - -**
OK
**Endowment funds to nearest £ - - - - - - Current value (optional) - - - - -**
**Current value (optional) 1,500 - - - - - - - - When due (optional)**
Date of approval