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2023-12-31-accounts

Lincolnshire Wolds Woodturning Association CIO

Annual Report

Year Ending 31st December 2023

The established pattern has continued with three meetings per month. The first meeting of the month at the Village Hall has gained popularity, especially with new members, who have enjoyed the opportunity to “try their hand on a lathe” before committing to the purchase of their own machine and the associated tools. The workshop nights with members sharing their activities on line with fellow members remains popular as do the Interactive Remote Demonstrations (IRD) by turners from around the world. IRDs have enabled members to see demonstrators who would otherwise be unable to visit the Club.

Training sessions have continued with the four days held in April, June, September and November being fully subscribed. All levels of ability were catered for and the events were open to all with no requirement to join the Association before attendance. Several attendees have subsequently become members having had their appetite for woodturning whetted by our team of “in house” instructors.

In March the Association attended the Midlands Woodworking Show at Newark where it had a stand on which work was exhibited and several members were able to show their turning and associated skills to the public. The exhibits generated a lot of interest from visitors and the members staffing the stand were kept busy for the two days of the show.

Further purchases were made during the year to ensure that each of the four lathes were quipped with a full range of ancillary equipment. Each lathe now has available to the operator a face shield, safety spectacles, smock, a 4 jaw chuck, ancillary lighting, a six piece turning tool set and a “Cam Vac” dust extractor. We have endeavoured to source timber for training sessions and sale through the shop from local sustainable sources and continue to supply turning ancillaries from local suppliers.

On the financial front we have moved to a cash free environment. With the lack of banking facilities locally, card and online payments have proved far more acceptable that was first anticipated. We have ended the year in a robust situation having sold much of our “excess” stock to reduce our holding

in accord with our accountants advice. Despite rising costs we have been able to maintain our subscription levels for the coming year.

John Mitchell

Treasurer

LINCOLNSHIRE W LD wo RECEIPTS AND PAYMENT DTURNIN OUNT F AT CHARITY N 11921 R THE YEAR ENDED 31 DECEMBER 2 B•l•fi¢•¥ 101 January2 No. 1 Account PayP No. 2 AcccKJ Cash in haTrJ Payrnonts Demgn$ir4tus RewrsI￿￿len8￿￿EqU1¥nerrt nt Misc811aneous 4,608 291 1,178 2A01 1,012 H7 531 B.077 Postag8 and Slalionary lftsutan N8wark Show AWG8 223 Sub5 TrsÉnlng days Miscdlaneous Donations Refreshments Shop sales 4,361 1J87 270 Refreshments PaYP￿ & SumLlp Iges Shc) expen(thure 71 123 250 16 6,323 8.474 12.607 8•1￿¢•¥ ￿ 31 Dec￿l￿ 2023 No. l A￿0￿￿t PayPal No. 2 AcKount Cash in hand 5.764 4.200 10,210 18,6B4 18,694 In a¢¢ord8nce with instrucuons gfven to U5, ￿ tHve prfjpared. *ithout ¢aTryng an 8uthL the abov8 R￿d9ts and Paymants Aeeount frryn Ihe a￿aUn￿n9 r￿ordS, Snforfflalon 8nd ?Jplanations suWlad to Dat6.' 27 Fgblua Dexter and Sha artered Certified Actountants Rollestone Houge, Bridge Streef, Horn¢astSe, Llncs, LN9 5HZ 2024 Chairman Treasurer