A Charitable Incorporated Organisa�on
Trustees Annual Report FY2023
1. Reference and Administra�ve Informa�on
1.1. Charity trustees:
The trustees who served during the year are:
Mr Peter John Hollis Chairman Mr John Ashley Crawford (Resigned 5 September 2023) Mr Hugh Bradbury Sammons Mr Paul Anthony Golder (Appointed 8 September 2023) There are no corporate trustees.
2 Falcon Drive Whi�ngton Lichfield WS14 9PF
1.2. Registered Charity Number:
1195026
1.3. Charity name:
1.4. Independent Examiner:
Not required
1.5. Principal Bankers:
Lloyd Bank plc PO Box 1000 BX1 1LT
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MSL
Registered Charity number 1195026
Trustees Annual Report and Accounts for FY2023
2. Objec�ves and ac�vi�es
2.1. Summary of the purposes of the charity
exclusively men within Lichfield and the surrounding area, from becoming socially excluded, relieving the needs of those people who are socially excluded and assis�ng them to integrate into society through the provision of facili�es in which they can meet jointly or individually to undertake crea�ve, physical or recrea�onal ac�vi�es, learn or pass on skills and knowledge and support each other socially.
2.2. Summary of the main ac�vi�es of the charity
During the year under review, the charity has:
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Increased mee�ng frequency from once per week to twice per week
-
Moved into new premises with poten�al for 24/7 access
-
involvement
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Refurbished several work benches with member involvement
-
Made and handed over several tables for Mercian Regimental Charity
-
Designed and procured publicity materials to promote the charity
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Provided informal Christmas meal for members and others using our premises
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Provided support, help and tui�on for several members undertaking joinery projects
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Assisted local re�red cabinet maker to clear and vacate his workshop
-
Acted as a focus for other voluntary organisa�ons requiring advice and prac�cal help within MSL’s competence.
2.3.
public benefit when reviewing the Charity’s aims and objec�ves and have complied with their du�es under the Chari�es Act 2011.
3. Achievements and Performance
-
Held 55 mee�ngs of members
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Increased frequency of members mee�ngs
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790 members a�endances
-
Increased average weekly a�endance from 15 per week to 20 per week
The trustees recognise the level of a�endance and par�cularly the regularity of a�endance of members as a measure of the benefits members perceive from their involvement and hence measure of the posi�ve social impact of MSL.
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MSL
Registered Charity number 1195026
Trustees Annual Report and Accounts for FY2023
4. Financial Summary
4.1. Accoun�ng Method
The charity trustees have concluded that prepara�on of receipts and payments accounts is sufficient to meet the present needs of Men's Shed Lichfield because:-
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It is compliant with the Chari�es Act 2011
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accruals accounts.
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requires no further clarifica�on than is provided by the prepara�on of receipt and payment accounts.
4.2. Chari�es Financial Posi�on at period end
The chari�es income from member subscrip�ons and from a�endance fees adequately cover the costs to which the charity is commi�ed, specifically rent, insurance and consumables.
The charity trustees have been successful in obtaining grant funding to cover discre�onal costs, such costs only being commi�ed to a�er securing funding. As a consequence of these grants the charity has been able to develop it’s workshops and extend the services and facili�es provided for the benefit of users.
£5.00 in cash
-
£5,545.28 in current account (Lloyds bank)
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£3,856.70 interest earning deposit account (Lloyds bank)
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£9,406.98 total at 31-12-23
4.3. Reserves
The charity trustees are holding reserves for the following reasons:-
have not yet been implemented or paid for. Amount held:-
£6,534.00
A con�ngency amount to be expended if the current premises lease cannot be renewed causing the charity to incur storage and or reloca�on costs. Amount held:-
£2,000.00
4.4.
£451 Redrow Midlands Community Fund £238 Noel Sweeney Founda�on £4,000
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MSL
Registered Charity number 1195026
Men's Shed Lichfield Trustees Annual Report and A¢counts for FY2023 Funds in deficit No fund held by Men's Shed Lichfield is materially in deficit. Structure, Governance and Management Men's Shed Lichfbeld is a Charitable Sncorporated Organisation with voting members otherthan it's charity trustees The activities of Men's Shed Lichfield are governed by its constitution document reference MSLOOO issue 2lbisl dated 01 July 2021. Trustees are appointed in accordance with the provisions of the constitution. Funds held as custodlan trustees on behalf of others No funds are held as custodian trustees on behalf of other5. Dedaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity trustees Peterjohn Hollls Trustee and Chairman Date- 6 £olLfr Men's Shed Uchfield Page4of4
Men’s Shed Lichfield
Trustees Annual Report and Accounts for FY2023
Balance Sheet 31[st] December 2023
| Year Ended 31 December | 2023 | 2023 | 2022 | 2022 |
|---|---|---|---|---|
| Current Assets | ||||
| Cash | 5.00 | 23.42 | ||
| Current Account | 5,545.28 | 3,658.46 | ||
| Deposit Account | 3,856.70 | 0.00 | ||
| SumUp Account | 0.00 | 0.00 | ||
| Net Current Assets | 9,406.98 | 3681.88 | ||
| Liabilities | ||||
| Liabilities | 0.00 | 0.00 | ||
| Total Liabilities | 0.00 | 0.00 | ||
| Total Assets | 9,406.98 | 3681.88 | ||
| Represented by | ||||
| Accumulated fund brought forward | 3681.88 | 1962.77 | ||
| Surplus(defcit) for the period | 5725.10 | 1719.11 | ||
| Accumulated fund carried forward | 9406.98 | 3681.88 | ||
| Disposition of reserves | ||||
| General Reserve | 872.98 | 808.88 | ||
| Restricted Fund | 6534.00 | 1335.00 | ||
| Contingency Reserves | 2000.00 | 1538.00 | ||
| Total Reserves | 9406.98 | 3681.88 |
Notes on the accounts
1) The reserve of £2000 is considered necessary as MSL still does not have a permanent location, and no security of tenure beyond the current 12 month agreement. The reserve is intended to help with an unpredictable rise in rent or the costs of relocation. It is probably on the low side but is as much as we feel we can commit.
2) The largest expense during the year was the cost of refurbishing the Swinfen Braun Pavilion to make it suitable for use as a “shed”. Of the overall cost of £2,690.70 the main component was the cost of replacing the carpet tile flooring with workshop flooring at £1918.32 funded from the grant from the Grocers Company.
Men’s Shed Lichfield Registered Charity number 1195026
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MSL - Accounts
Men’s Shed Lichfield
Trustees Annual Report and Accounts for FY2023
Income / Expenditure Statement For year to 31 December
| 2023 | 2023 | 2022 | 2022 | |
|---|---|---|---|---|
| Revenues | ||||
| Bank interest | 33.70 | 0.00 | ||
| Donations | 174.72 | 125.00 | ||
| Grants | 7,939.00 | 2675.00 | ||
| Session Fees | 2,075.00 | 1501.00 | ||
| Subscriptions | 556.00 | 139.00 | ||
| Sales | 0.00 | 835.28 | ||
| Total Revenue | 10,778.42 | 5275.28 | ||
| Expenses | ||||
| Management | ||||
| Afliations | 30.00 | 30.00 | ||
| Equipment | 207.56 | |||
| Insurance | 255.68 | 225.68 | ||
| Member Support | 229.70 | 144.21 | ||
| Rent | 704.00 | 962.00 | ||
| Stationary | 79.73 | |||
| SumUp Fee | 26.77 | 10.62 | ||
| Training H&S | 718.80 | 700.00 | ||
| Workshop | ||||
| Consumables | 30.43 | a | ||
| Projects | 2,690.70 | 954.27 a | ||
| Tools and equipment | 79.95 | 529.39 a | ||
| Total Expenses | 5,053.32 | 3556.17 | ||
| Note a: Allocation of expenses between categories does not agree exactly between 2022 and 2023 | ||||
| Net Income | 5,725.10 | 1719.11 |
Summary by source of Income
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | |
|---|---|---|---|---|---|---|
| Income | **Expenditure ** | Net income | Income | **Expenditure ** | Net income | |
| Restricted Grants | 7939.00 | 2767.00 | 5172.00 | 2675.00 | 2675.00 | 0.00 |
| Other Income | 2839.42 | 2286.32 | 553.10 | 2600.28 | 881.17 | 1719.11 |
| All sources | 10778.42 | 5053.32 | 5725.10 | 5275.28 | 3556.17 | 1719.11 |
Men’s Shed Lichfield Registered Charity number 1195026
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MSL - Accounts