CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Reportfor the period From: l November 2022 To: 31 October 2023 Charity name: The Mlnehead Shed Charity registration number: 1191742 Objectives and Activities Summary of the purposes ol the charity as set OLrt in its governing document To promote social inclusion for the public benefit by preventing people particularly but not exclusively older men, within West Somerset and the surrounding area, from becoming socially excluded, relieving the needs of those people who are socially excluded and asSiStin8 them to integrate into society through the provision of facilities in which they can meet jointly or individually to undertake creative, physical or recreational adlvltles, learn or pass on skills and knowledge and support each other sociallv. For the purpose of this clause 'socially excluded, means being excluded frorn society, or parts of society, as a result of one of more of the following factors: unemployment,. financial hardship yOLSth or old age. ill health (physical or rnentall. These are the main areas of public benefit arising from the Shed: To share skills and Interests, swap ideas and pass on knowledge. • Actively pursue hobbies and pastimes Work on projects that will aid the community and help develop a positive sense of achievement. • Have a safe place to go and relax. drink tea or coffee, disCIJSS 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. All Minehead Shed Trustees have read the Commission's public benefit guidance and have regard to it when making decisions and exercising any powers or duties to which the guidance is relevanL Summary ofthe main activities in relation to those Purposes for the public benefit, in particular, the activities, projects or semces identified in the accounts. Statement confimiing whether the tfustees have had regard to the guidan issued by the Charity Commission on public benefrt Additional infomiation (optional) Youm choose to indude further statements where relevant al)out: Policy on grant making The Charity does not make grants
5(Kial inve5trnent programmes will, at their heart, support would be users who cannot afford the cost of access to the benefits of the charty- Additionally social enterprises or charities will be supported in acquiring resources within the shed's scope. Policy on social Inlment including pro¥Jram related inveslment All volunteers will play a part in developing the charity bv managing activiti. taking part in Community 5UPPOrt and growing their own confidence in contributing to the wider comrnunity Contribution made by volunteers Other Achievements and Perfonnance In October 2022 we had premises Wlth a lease, a floor, ceillng and lights, and equipment of all sorts. Wonderfully, there were people who were interested and active in the Shed. But the power sockets weren't quite in place, painting needed to be done, and the whole Shed needed to be organised. Policies had been finalised, and administrative matters were largely concluded. We appealed for helpers and a group of amazlng workers resulted, who tackled painting, instsllation of skirtin8 boards, and many other practical matters. The fire and intruder alarms were fully commissioned in the year. In March 2023, theshed wa5 on BBC Tadio, and on 18 March our Open Day drew in a nice crowd of visitors to see what the Shed is like, and what we do. It was very encouraging to see our contacts list swelling with the names of people who want to be involved. On 15 April the Fixy van carne to lend a hand in recycling, and on Sunday 30 April the Shed was represented- with one of our wooden toolboxes on show- èt a thurth service at St Andre5, Minehead, which involved the community, looking forward to King Charles, coronation a week later. The Membership register was opened in June with a single session on Tues from 9.30am - 12.30pm. This has grown with the addition of sessions on Monday and Wednesday mornings. Planning perrni55ion for windows has been obtained, and windows were purchased, instalSation commissioned, and started. To Coincide with the Home-start open Day next door, The Minehead Shed held an Open Day on 5 October, and welcomed more new faces to look around and talk to Shed members. A Shed Management Committee is being developed, in order that it may efficiently organise the day-to-day artivity of The Shed. A new Trustee was appointed in December 2022, and we were preparing to appoint another in October 2023. Membership of The Shed grows steadily. It is sat15fying to see the Shed fulfilling its aims to promote social inclusion by meeting together to be creative, learn, pass on skills, and support each other socially. We have continued to make and win funding bids. and, in addition. Toolstation has sponsored tool sets, and we have received donated tools of all kinds. We have also obtained two commissions. Summary of the main achievements of the charity, identifying the difference the charity s work has made to the circumstances of ils beneficiaries and any wider benefits to society as whole.
Additional infomiatlon (Optional) You ma choose to include further slatements where relevant aboui: All essential building work completed, planning and regs obtained for final phase ènd window instsllation commenced. Achievemenls against objectives set Fundraising has matched to cover inflationary pressures and will cover all work planned. Perfornance of furKlraising activities against objectives set NA Investment perfonnance against objec*ves Other Financial Revlew Review of the charity's financial posrtion at the end of the period The cash balance carried forward from the last financial year was £23811, of which £l,(XKI was funds restricted specifically to be Used for various elements of the fitting out of the shed. Income for the year VRS £4234. bein8 £3390 in grants and £844 variously from shed operations, membershlp fees and donations from supporters of the shed. Expenses for the year was £16984 relating mainly to commissioning work in fitting out the shed15econd fix), costs relating to the lease being in place, renovating machinery, legal fees, a large increase in insurance costs and final work in providing materials and consumables to enable activities to commence. They ère ttemised as Construction Rent and utilities Professional fees Insurance Costs of material. consumables, tools £12,670 £1,992 £630 £275 £1,417 A balance of £5573 was carried forward into the next financial vear, of which £3.486 is funds designated for the completion of instsllation work and a delayed invoice from landlords. Statement explaining the policy for holding reserves stating why they are held Amount of reserves held No reserves policy is in place at present in the Shed. Trustees are considering the level of reserves in the current year based on early cash flow forecasts and operating costs. We have uncommitted fund5 of £2(MXl+ and a secure annual cash flow well in excess of medium-term operating costs and commitments. An active recruitment and activity plan 15 in place which will raise and secure a level of these inputs above our needs and provide funding for enhancement of provision. The
Shed will continue bidding for funds to grow opacity and sustsinability. In process of determining policy Reasons for holding zero reseNes Details of fund materially in deficit Explanation of any UnrtaIntieS about the charity continuing as a going concern None None Addttional Infomiation {optional) You ma choose to include further statements where relevant about.. The charity's principal sources of funds (induding any fundraising) Investmenl policy and objectives including any social investment policy adopted A description of the principal risks facing the chanty Other Structure, Governance and Management Description of chaiity's trusts-. Type of goveming document How is the charity conslrtuted? Trustee selection methods including details of any ¢onslitulional provisions e.g. election to post or name of any person or bcMJy enlitled to appoint one or more trustees Charitsble Incorporated Organi5ation ICIOI Association Constitution Charitable Incorporated Organisation ICIOI RÈgistered 9 October 2020 Elected by members at Annual General Meeting IAGMI. The mernbers or the charity tru5tee5 may at any time decide to appolnt a new charity trustee, whether in place of a charity trustee who has retired or been removed, or as an additional charity trustee, provided that the limit on the number of charity trustees as detailed in the Constttution is not exceeded. The number of Minehead Shed Trustees over the period has been viithin the constitutional requirèments. Reference and Administrative details Chari name The Minehead Shed
Other name the charit uses Re istered chari number Charity's principal address TMS 1191742 3 Cuzco Gardens. Minehead Somerset TA24 8DU Names ofthe charty trustees who manage the charfty TEu¥tee n•m• Date8 act•d rf not forwhole Office (Sf any) Namè of person lor body) entiti toa oint trustee Ifan Andrew Hazlewood Chairman Bernard Maynard- Smith Secretsry Michael James Lee From Dec 2022 Trustees Corporate trustees- name5 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 trustee5 on behalf of others- NONE. Exemptions from disclosure- NONE. Funds held as custodian trustses on behalf of others Description of the assets None held in this capatY Name and obje$ of the charity on whose behaw the assets a held and how this falls within the custodian charity's objects Details of arrangements for safe custody and segregation of such assets from the charily's own assets Exemptions from disclosure Reason for non-disdosure of key pers(ne1 details
Declarations The trustees declare that they have approved the tru8tses' report above. Slgned on behalf of the charity's trustees Signaturn(s) Full namo1$) Positlon leg Secretary. Chalr, etc) Andrew Haztewood Bemard Maynar -smith Chairnian Secretary 14" April 2024
CHARITY COMMISSION FOR ENGLANO ANO WALES The Minehead Shed 1191742 Receipts and payments accounts CC16a For the period from To 01111r2022 31110R023 ection A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds Last year to the nearest to the nearest£ to the nearest£ to the nearèst£ to the rtearest 1 Recei rants nations embèrship les ts 3,390 27 782 55 3,390 27 762 55 23 tota ss Income AR) 4234 4.234 sset an ee table nvestment sales, tota Total r•ceipts 4,234 4,234 3Pa m•nts u1)Ce 275 1.992 275 1,992 nt&utI to Exps gal Pro1499ional FgeB nstructson nsumab5es ock ols 85 21 3,16 19.68 630 11,670 270 33S 12 630 12,670 270 335 812 Sub total 15.984 16,984 23.81 Asset and investment Sub total Total payments 15.984 1,000 18,984 23.81 Net of receipts/(payments) Transfers between funds Gash funds last year end Cash funds this year end 11,7SO 1,000 12,75Q 18,5 17.323 5,573 .00 36.9 18,3 5.573 CCKX R18ccounts (SS) 1510412024
Section B Statement of assets and liabilities at the end of the period Unrestricted funds nèaMst£ Restricted funds to neaTes¢ £ Endowment funds to nearest £ Categories Details B1 Cash funds N Wt Current alc 5,573 Total cash funds 5.573 (811 Unrestrlcted funds tts neatest£ Restricted funds to nearest£ Endowment funds to nearn$t £ Details Fund to which as8•t b•1 Detsils Cost loptlonall Currnnt valu• k*nal Fund towhlch Current value lonal 2,500 Details Fviniture, ewiFan1 and tool• CM¢ loptlonall B4 As8et$ retalned for the charlty's own use Fund to which Amount du• onal INhèn due tlonal Dotails prem rgntbnloTd avlynb)n aftgr year B5 Llabllltles vnresb¢t•J 720 Nov'23 bu4dnG contractor unfinthed Vk8 UNrethcted 2.768 Jan .24 SKJned by one or hyo trustees on behalf ol all tho Irustoes Signature Print Name Date of roval A. CCXX R2 occounts ss 1510412024