## **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.|
|---|---|
|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:|
|---|---|
|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.
**Income**for the year was**£6198**being £948 in grants and £5250
from shed sessions, membership fees, donatons and
commissions from supporters of the shed.
**Expenses**for the year was**£7821**relatng 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.|
|---|---|
|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.|
|---|---|
|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)**|
|---|---|
|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||
|A description of the principal
risks facing the charity||
|Other||
## **Structure, Governance and Management**
|Description of charity’s
trusts:||
|---|---|
|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.||
|---|---|---|
## **Reference and Administrative details**
|Charity name|The Minehead Shed|
|---|---|
|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**|
|---|---|---|---|---|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||OK|
|||||**to nearest £**
**Endowment**
**funds**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**Current value**
**(optional)**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**Current value**
**(optional)**|
|||||**5,000**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**When due**
**(optional)**|
||||**-**||
||||**-**||
||||**-**||
||||**-**||
||||**-**||
|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