Trustees’ Annual Report for the period
From: 1 November 2023 To: 31 October 2024
Charity name: The Minehead Shed
Charity registration number: 1191742
Objectives and Activities
| Summary of the purposes of the charity as set out in its governing document |
To promote social inclusion for the public beneft by preventng people partcularly 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 assistng them to integrate into society through the provision of facilites in which they can meet jointly or individually to undertake creatve, physical or recreatonal actvites, 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; fnancial hardship; youth or old age;ill health(physical or mental). |
| 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. |
These are the main areas of public beneft arising from the Shed: • sharing skills and interests, swap ideas and pass on knowledge. • providing facilites to pursue hobbies and pastmes • Working on projects that will aid the community and help develop a positve sense of achievement. • providing a safe place to go and relax, drink tea or cofee, discuss issues, share concerns, talk and have a laugh, knowing they are among friends. • access to machine tools and other equipment in the Shed to undertake more challenging projects. • Meetng with visitors to the shed and users of the Shed. • Encouraging others and promotng general physical and mental well-being. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
All Minehead Shed Trustees have read the Commission’s public beneft guidance and have regard to it when making decisions and exercising any powers or dutes to which the guidance is relevant. |
Additional information (optional) You may choose to include further statements where relevant about:
| Policy on grant making | The Charity does not make grants |
| Social investmentprogrammes will,at their heart,support would |
| Policy on social investment including program related investment |
be users who cannot aford the cost of access to the benefts of the charity. Additonally, social enterprises, community groups or charites will be supported in developing their resources within the shed’s scope. |
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| Contribution made by volunteers |
All volunteers will play a part in developing the charity by managing actvites, taking part in community support and growing their own confdence in contributng to the wider community |
| Other |
Achievements and Performance
| 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. |
We welcomed an additonal Trustee to the board at the start of the year to augment the skillsets of the team and grow our capacity. The frst part of the year was involved in fnishing of our building to make it ft for purpose and yet retain the fexibility to develop our provision and thereby beter beneft users and the community in general. The fenestraton project was completed during this period and brought a welcoming more open environment to the shed. We repurposed much of the façade cladding to create shuters to cover the windows when the shed is not in use to increase security and retain the outside aesthetc of the building. We commenced 3 regular weekly sessions in the shed and started to plan our formal opening in July at which over 100 shedders, friends, visitors and dignitaries atended to chat with the members and receive a tour of the facilites. Typical shed actvites were demonstrated with partcipaton from visitors who were able to assemble bird nestng boxes and similar artcles. The event was very enjoyable and promoted the awareness of the facility and its benefts. During the year we increased our membership and importantly our presence in the community we serve. A number of developments and opportunites arose to engage with other groups, and we have received numerous referrals from support groups such as Mind and Homestart. A beach toy library was built for the Minehead and Coast Development Trust and a mult- purpose Santas groto for the Dunster tthe barn. Various small commissions were undertaken. We connected with TWaMs charity (Tools with a Mission) and became a collectng agent for the repurposing of old and donated tools. This has been found to be very popular, and we are actvely cataloguing and redirectng tools no longer needed to a very good cause. Our success in fnding funding contnues and we have been awarded both monetary and materials support (approx. £3000) to improve the environment of the workshop and social area by installing fltraton equipment and other enhancements. Sadly, at the end of the year our Chair stood down and withdrew from the Trustees, but this challenge spurred us on to appoint a new Chairman andgrow the Trustees. Aprocess which contnues. |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
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| Achievements against objectives set |
Fenestraton completed and regs signed of. Air quality project commenced for completon in ‘24/’25. |
| Performance of fundraising activities against objectives set |
Fundraising and beneft in kind contnues to cover our project needs for development. |
| Investment performance against objectives |
NA |
| Other |
Financial Review
| Review of the charity’s financial position at the end of the period |
The Minehead Shed is well on the journey of transiton from a group building a ft for purpose facility to an operatonal community service role. The tme before was spent in fund raising and spending down a pot of money to build our shed, this is now morphing into an earned revenue operaton delivering to our members and to our wider community benefciaries. We started the year with a cash balance of£5573(£948 of which was restricted funding) and a growing revenue stream. We antcipate being cashfow positve without the need for external operatonal funding input during year ‘24/’25. Incomefor the year was£6198being £948 in grants and £5250 from shed sessions, membership fees, donatons and commissions from supporters of the shed. Expensesfor the year was£7821relatng to the fnal major project some fnal ftng out in the shed (second fx), renovatng machinery, a large increase in insurance costs and fnal work in providing materials and consumables to enable actvites to commence. They are itemised as Constructon £2790 Rent and utlites £4130 Insurance £374 Professional fees £30 Costs of material, consumables, tools £497 The rental and utlites fgures were distorted by delays in our council landlord invoicing for these items not in a tmely way, they will be more routne going forward. A balance of£3950(with no outstanding creditors) was carried forward into the next fnancial year, of which £948 is funds restricted for the completon of air fltraton project work. |
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| Statement explaining the policy for holding reserves statingwhytheyare held |
No reserves policy is in place at present in the Shed. Trustees have constantly considered reserves in the current year based on earlycash fow trends and likelyoperatngcosts. |
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| Amount of reserves held | We have unallocated funds of over £2000 and a secure increasing annual cash fow which covers our medium-term operatng costs and commitments. We contnue with an actve recruitment and actvity plan which will raise the level of these inputs above our needs and provide funding for enhancement of provision. The Shed will contnue bidding for funds to grow capacity,enhanceprovision and sustainability. |
| Reasons for holding zero reserves |
Our transiton to an earned revenue-based charity is not yet complete but we feel we have sufcient reserves in place to maintain stability and develop resilience during ‘24/’25. This will give the Trustees more confdence in establishing a reserves policy |
| Details of fund materially in deficit |
None |
| Explanation of any uncertainties about the charity continuing as a going concern |
None |
Additional information (optional)
| Additional information (optional) | Additional information (optional) |
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| You may choose to include further statements where relevant about: | |
| The charity’s principal sources of funds (including any fundraising) |
Membership donations and session fees Local builders’ merchants and sponsors (materials) Commissions from local groups |
| Investment policy and objectives including any social investment policy adopted |
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| A description of the principal risks facing the charity |
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| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
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|---|---|
| Type ofgoverningdocument | Charitable Incorporated Organisaton(CIO)Associaton Consttuton |
| How is the charity constituted? |
Charitable Incorporated Organisaton (CIO) Registered 9 October 2020 |
| Trustee selection methods includingdetails of any |
Elected by members at Annual General Meetng (AGM). The members or the charitytrustees mayat anytme decide to appoint |
| constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
a new charity trustee, whether in place of a charity trustee who has retred or been removed, or as an additonal charity trustee, provided that the limit on the number of charity trustees as detailed in the Consttuton is not exceeded. The number of Minehead Shed Trustees over the period has been within the consttutonal requirements. |
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Reference and Administrative details
| Charity name | The Minehead Shed |
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| Other name the charity uses | TMS |
| Registered charity number | 1191742 |
| Charity’s principal address | The Minehead Shed The Alcombe Centre, Stephenson Road, Minehead Somerset TA24 5EB |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Doug Human | Chairman | 28thNovember 2023 | ||
| Bernard Maynard- Smith |
Secretary | |||
| Michael James Lee | ||||
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 None 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) Doug Human
Bernard Maynard-Smith
| Position (eg Secretary, Chair, etc) Date |
Chairman | Secretary |
|---|---|---|
| 24thApril 2025 | ||
| 24thApril 2025 |
Charity Name The Minehead Shed
No (if any)
Receipts and payments accounts
CC16a
For the period 11/1/2023 10/31/2024 To from
Section A Receipts and payments
Unrestricted Restricted Endowment funds funds funds
Total funds Last year
| Section A Receipts and payments Unrestricted funds |
Restricted funds |
Endowment funds |
Total funds | Last year |
|---|---|---|---|---|
| A1 Receipts Grants - Donations 1,487 Membership 2,257 Sales 1,506 - - - - 5,250 - - Sub total - Total receipts 5,250 A3 Payments Insurance 374 Rent & Utilities 4,130 - Legal & Prof fees 30 Construction 2,790 Consumables 306 Stock 49 Tools 55 Repairs 87 Sub total 7,821 - - Sub total - Total payments 7,821 Net of receipts/(payments) - 2,571 A5 Transfers between funds - A6 Cash funds last year end 5,573 Cash funds this year end 3,002 to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table) |
to the nearest £ 948 - - - - - - - 948 - - - 948 - - - - - - - - - - - - - - 948 - - 948 |
to the nearest £ | to the nearest £ 948 1,487 2,257 1,506 - - - - 6,198 - - - 6,198 374 4,130 - 30 2,790 306 49 55 87 7,821 - - - 7,821 - 1,623 - 5,573 3,950 |
to the nearest £ |
| - - - - - - - - - |
948 | 3,390 | ||
| 1,487 | 27 | |||
| 2,257 | 762 | |||
| 1,506 | 55 | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| 6,198 | 4,234 | |||
| - - - |
- | |||
| - | - | |||
| - | - | |||
| - | 6,198 | 4,234 | ||
| - - - - - - - - - - |
374 | 275 | ||
| 4,130 | 1,992 | |||
| - | - | |||
| 30 | 630 | |||
| 2,790 | 11,670 | |||
| 306 | 270 | |||
| 49 | 335 | |||
| 55 | 812 | |||
| 87 | - | |||
| 7,821 | 15,984 | |||
| - - - |
- | |||
| - | ||||
| - | - | |||
| - | 7,821 | 15,984 | ||
| 948 | - - - - |
- 1,623 | - 11,750 | |
| - | - | - | ||
| - | 5,573 | - | ||
| 948 | 3,950 | - 11,750 |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use |
Details Cash at bank (Natwest a/c) Details Details Details Furniture equipment & Tools Details Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ 3,002 - - 3,002 OK to nearest £ - - - - - - Unrestricted funds Unrestricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates |
to nearest £ 948 - - 948 OK to nearest £ - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Restricted funds Restricted funds Amount due (optional) |
to nearest £ Endowment funds |
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| - | ||||
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| OK | ||||
| to nearest £ Endowment funds |
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| Current value (optional) |
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| Current value (optional) |
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| 5,000 | ||||
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| - | ||||
| - | ||||
| - | ||||
| - | ||||
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| When due (optional) |
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| Signed by one or two trustees on behalf of all the trustees |
Signature #VALUE! |
Print Name D Human |
Date of approval |
|---|---|---|---|
| #VALUE! | D Human | 4/11/2025 |
VALUEI
B Maynard-stnith 411112025