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2024-12-31-accounts

WARE MEN’S SHED

Registered Charity No: 1194281

Report of Trustees and Accounts for the period ending 31 December 2024

Ware Men’s Shed (“WMS”)

Report of Trustees for the period ending 31 December 2024

Management

Those involved in managing WMS during the period were as follows

Trustees:

Management Committee

Incorporation and Objectives

WMS was incorporated as a charitable incorporated organisation and registered with the Charity Commission on 29[th] Apr 2021.

The objectives of WMS, as set out in its constitution are :

“To promote social inclusion for the public benefit by preventing people (particularly but not exclusively older men), within the area of Ware and 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 learn to pass on skills and knowledge and support each other socially.”

Activities

2024 marked Ware Men’s Shed first full year of operation after opening its doors on 3[rd] April 2023.

During the year, the shed was very active with various projects, including making

We also participated in several local events, including the Ware Carnival (where we won the prize for the best float.), the Police Fun Day and the Fun Palace. For the last of these we ran a session for the attendees to make their own nest boxes which was very popular.

The shed itself has also prospered over the year.

Financially 2024 was a good year for the shed as well.

This has left the shed with a healthy bank balance of £7322 at the end of the year, which we intend to invest in developing the shed’s facilities in the coming year.

Ware Men’s Shed Accounts

INCOME AND EXPENDITURE ACCOUNT

INCOME AND EXPENDITURE ACCOUNT INCOME AND EXPENDITURE ACCOUNT INCOME AND EXPENDITURE ACCOUNT INCOME AND EXPENDITURE ACCOUNT
31/12/2023 31/12/2024
Income
Donatons £90.00 £6,023.00
Membership and Subs £386.00 £2,368.61
Receipts - £5,520.00
Other - £20.00
Total Income £476.00 £13,931.61
Expenditure
Overheads £617.21 £1,553.70
Material Costs £26.73 £2,718.31
Capital Purchases £1,101.99 £3,336.95
Other - £2.14
Total Expenditure £1,745.93 £7,611.10
Net Income
(-£1,269.93)
£6,320.51
CHARITY FUNDS
Opening Bank Balance £2,271.42 £1,001.49
Net Income (-£1,269.93) £6,320.51
Closing Bank Balance
£1,001.49
£7,322.00
Locaton of Funds
Barclays - 30889741 £2.14 £0.00
Barclays - 10765309 £999.35 £7,322.00
Total
£1,001.49
£7,322.00

These Accounts were approved by the Trustees on 24[th] August 2025 and signed on their behalf by: Jim Turner, Chair