PETERSFIELD MEN’S SHED CIO
(REGISTERED CHARITY No. 1194311)
ANNUAL REPORT AND ACCOUNTS 2022/23 As at 31/03/2023
Administration
Trustees: Steven Watts – Chairman Neil Slatter - Secretary Trevor Nichols – Treasurer Simon Brown – resigned 02/2023 Chris Jeffrey – Community Projects Lead Nicholas Broom – Training & Equipment Lead
Management Committee: Trustees above plus: John Liddall Malcolm Wigmore – Donations & Grants Lead Peter Reeves – Woodworking Lead Mike Bookham – IT Martin How – Shed Supervision Michael Cowen – Membership Secretary Murray Whewell – Newly appointed Secretary
Address : The John Ide Shed, 16 Heath Road, Petersfield, GU31 4DU
Current open hours : Monday to Friday, 10am to 4pm
Current activities available : Social, Woodworking, Gardening, IT, Guitar, Restoration Website : https://www.petersfieldmensshed.org.uk
Email : info@petersfieldmensshed.org.uk
Bank : HSBC Bank plc Sort Code 40 36 16 Account No 81596373
Charitable Objective:
To promote social inclusion for public benefit by the provision of a facility particularly, but not exclusively, for men aged 18 and over within Petersfield and the surrounding area. The activities may include opportunities to learn, practice or pass-on skills, participate in community projects or simply to socialise, thereby assisting integration into society and the prevention of loneliness.
Membership:
As at 31/04/2023 the membership stands at;
57 paid up members 2 honorary members (in recognition of significant contributions)
Membership Subscription is currently set at £50 per year.
Structure & Governance:
The 5 Trustees are responsible for ensuring that the charity (Petersfield Men’s Shed CIO) complies with the rules set by the Charities Commission and our agreed Constitution. The Trustees along with the other Management Committee Members manage the day-to-day business and longer-term plans of The Petersfield Men’s Shed.
The Management Committee normally meet together monthly to discuss and agree business; full Minutes of all meetings are maintained and comprehensive files relating to the organisation are kept on secure records held on-line within a Drop Box Account.
Open Member meetings are held at least quarterly with members of the Management Committee to provide updates and Q&As sessions. Regular activity updates are provided to all members by direct secure emails, and open communications are published via Facebook and our web site; www,petersfieldmensshed.org.uk.
Past 12 Months:
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Took possession of 16 Heath Road in October 2022 under Licence from EHDC.
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Created a functioning kitchen, social room, IT room, and office.
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Tided and cleared the gardens ready to create accessible pathways and new all-accessible raised beds for growing vegetables, etc.
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Fully developed the woodworking shed including all-new electrics, equipment, tools, benching, security shuttering and alarm system.
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Provided induction training to all members and specific equipment training to all users.
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Held our Official Opening Day of The John Ide Shed on 4th March 2023; Tricia Ide (widow of the late John Ide and Founder Member) cut the ribbon. The Town Mayor, Councillors Julie Butler, and John Lees and over 100 visitors attended.
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Received many local donations of equipment and tools and an additional shed.
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Established a rota of Shed Supervisors.
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Shed now open 5 days a week.
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Commenced making bird boxes and up-cycled items.
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Held first stall at Buriton Show - £50 sales.
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Initial discussions for Community Projects.
Grant Funds Applied For & Awarded – Last 12 months
Over the past year Petersfield Men’s Shed CIO has been awarded the following grants:
-
National Lottery Communities Fund - £8,840
-
Petersfield Town Council Communities Fund - £1,500
-
Round Table - £1,000
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EHDC - £4,645
-
Local donation (CAF) - £1,000
Our gratitude and thanks must be put on record to all organisations and local individuals who have very kindly donated to the Petersfield Men’s Shed.
Annual Accounts
Attached are the Annual Accounts dated up to 31/03/2023. They have been inspected by an Independent Examiner although this is not a legal requirement.
| PETERSFIELD MEN'S SHED CIO | PETERSFIELD MEN'S SHED CIO | PETERSFIELD MEN'S SHED CIO | ||
|---|---|---|---|---|
| Statement of Financial Activities for theyear ended 31st march 2023 | ||||
| DETAILS | Unrestricted | Restricted | Total | Prior Year |
| Funds | Funds | Funds | Total Funds | |
| £ | £ | £ | £ | |
| INCOME | ||||
| Donations | 405.48 | 405.48 | 40.00 | |
| MembershipSubscriptions | 2,850.00 | 2,850.00 | 260.00 | |
| Grants - Local Authority | 5,645.13 | 5,645.13 | 0.00 | |
| Corporate Sponsorship | 0.00 | 0.00 | 0.00 | |
| Grant MakingCharities | 2,000.00 | 2,000.00 | ||
| National LotteryGrant | 8,840.00 | 8,840.00 | ||
| East Hants Lottery | 124.00 | 124.00 | 212.50 | |
| Gift Aid | 717.50 | 717.50 | 75.00 | |
| Other income | 4.90 | 4.90 | ||
| Write updonated assets | 1,500.00 | 1,500.00 | ||
| TOTAL INCOME | 7,601.88 | 14,485.13 | 22,087.01 | 587.50 |
| EXPENDITURE | ||||
| Shed restorationproject costs | 4,490.10 | 4,490.10 | 0.00 | |
| Insurance | 410.96 | 410.96 | 140.00 | |
| Printingand Stationary | 127.36 | 127.36 | 96.89 | |
| Internet Services | 159.90 | 159.90 | 65.80 | |
| MeetingExpenses | 9.40 | 9.40 | 17.10 | |
| Domestic Supplies | 341.27 | 341.27 | 0.00 | |
| Workshopconsumables | 389.02 | 389.02 | 0.00 | |
| Electricity | 430.00 | 430.00 | 0.00 | |
| Small tools write off | 184.39 | 2,285.39 | 2,469.78 | 0.00 |
| Subscriptionspaid | 30.00 | 30.00 | 0.00 | |
| Bank Charges | 65.16 | 65.16 | 15.84 | |
| TOTAL EXPENDITURE | 2,147.46 | 6,775.49 | 8,922.95 | 335.63 |
| NET INCOME AND EXPENDITURE | 5,454.42 | 7,709.64 | 13,164.06 | 251.87 |
| FUNDS BROUGHT FORWARD | 1,883.42 | 2,500.00 | 4,383.42 | 4,131.55 |
| FUNDS CARRIED FORWARD | 7,337.84 | 10,209.64 | 17,547.48 | 4,383.42 |
| PETERSFIELD MEN'S SHED CIO | ||||
| Balance Sheet as at 31st March 2023 | ||||
| Unrestricted | Restricted | Total | Prior Year | |
| Funds | Funds | Funds | Total Funds | |
| £ | £ | £ | £ | |
| Fixed Assets | ||||
| Machinery | 8,717.00 | 8,717.00 | 0.00 | |
| Current Assets | ||||
| Debtors | 717.50 | 717.50 | 75.00 | |
| Cash at Bank | 3,571.98 | 4,971.00 | 8,542.98 | 4,308.42 |
| Cash in hand | ||||
| Current Liabilities | ||||
| Creditors | -430.00 | -430.00 | 0.00 | |
| NET ASSETS | 12,576.48 | 4,971.00 | 17,547.48 | 4,383.42 |
| Represented by:- | ||||
| Unrestricted Funds | ||||
| General fund | 12,576.48 | 12,576.48 | 1,883.42 | |
| Restricted Funds | ||||
| East Hants Grant | 236.00 | 236.00 | 2,500.00 | |
| National LotteryGrant | 4,735.00 | 4,735.00 | ||
| TOTAL FUNDS | 12,576.48 | 4,971.00 | 17,547.48 | 4,383.42 |
| NOTES | ||||
| Contingent Liability : | Planer/Thicknesser on order from Axminster Tools £1,410 | |||
| Debtor:Accrual of Gift Aid @ 25% of relevent subscriptions and Donations £717.50 | ||||
| Creditor:Accrual of Electricityconsumed based on meter readings £430 | ||||
| Depreciation of Machineryfor 22/23 not charged as all items new in last few weeks | ||||
| Depreciation in futureyears will be charged at 15% | ||||
| Signed on behalf of the Trustees: | ||||
| Chairman - Steven Watts | Treasurer- Trevor Nichols FCMA | |||
| CharityNo. 1194311 |