2022-03-31-accounts - Hook Shed

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

HOOK SHED

ANNUAL REPORT FOR THE PERIOD ENDED 31 MARCH 2022

Introduction

The Trustees are pleased to present their report on the activities of the Hook Shed (the “Charity”) for the period ended 31 March 2022.

Constitution

Hook Shed is a charity established as a Charitable Incorporated Organisation under a Constitution dated 22 March 2021.

The Charity has registered with the Charity Commission under registration number 1195578 and is also registered with HMRC for Gift Aid donations from individuals who pay tax in the UK, allowing the Charity to increase the value of donations from UK taxpayers by 25%.

Objectives

The objectives of the Charity (its objects) are:

i) To promote social inclusion for the public benefit of men and women living in and around Hook, Hampshire
ii) to combat loneliness and social isolation arising as a result of their age, infirmity, disability, financial hardship or social circumstance.

To do this, we will provide workshop facilities and settings where they can meet to socialise and engage in projects and activities together, such activities being aimed at increasing their engagement, skills and condition of life. In addition, other related activities that benefit the wider community may be undertaken in public settings (for example, but not limited to, “Repair Cafes”).

Trustees

The Trustees who served at any time during the period and to the date of this report were:

Christopher Terrey (Chair) Matthew Heywood (Treasurer) James Braid David Butler Steven Dignum Claire Lambert Nicholas Somerville

The appointment of the Chair is reviewed in accordance with the Constitution.

Applications for new Trustees are invited as and when required. Appointments are made having regard to the skills on the Trust body and its future needs.

Governance

During the period, the Trustees maintained a sound governance framework for the Charity including;

(i) Requiring dual Trustee approval for all items of expenditure.
(ii) Adopting policies for the daily operations of the Charity in areas including membership, safeguarding, internal financial controls and conflicts of interest.
(iii) Maintaining active membership of the North East Hook Community Project Committee, a sub-committee of the Hook Parish Council, which is tasked with the provision of a pavilion and Shed building on Papermill Avenue in Hook.
(iv) Developing our links with advisers to the voluntary sector and grant providers.

Activities

(i) The Trustees principal aim in the period was to register the Charity with the Charity Commission and this was achieved on 20 August 2021.
(ii) The Trustees have continued to engage with the community through in-person meetings, email and social media, informing them of the progress being made to establish the Charity, set up its governance structures and finally invite individuals to become members.
(iii) Various projects have been undertaken in the community from the refurbishment of park benches to assisting in the putting up of the Remembrance Day decorations
(iv) A sub-committee of the Trustees has been working with Hook Parish Council on the development of a Shed building in Papermill Avenue, Hook.

Diversity statement

The Trustees recognise the value of diversity in all its forms in helping run the Charity, benefiting from a variety of different perspectives, experiences and skills in its Trustees.

At this stage in our Charity's development, we believe that knowledge of running a charity is an essential requirement of Trustees. Within the constraints of available candidates to become Trustees and having regard to the protected characteristics of the Equality Act 2010, we seek ways of broadening the diversity of the Board, and especially as regards geography, age, gender and ethnicity.

In assessing applications for membership, we will ensure that there are no explicit or implicit limitations as to the diversity of individuals seeking to become members of the Charity except as regards age or gender where that is a key element of the drive to promote to members (eg under18s, or to increase the participation rate of an underrepresented group such as women or disabled people).

Financial review of the year

The Charity was registered with the Charity Commission on 20 August 2021 with the first financial year end being 31 March 2022. All income and expenditure of the Charity that arose in the period prior to registration is assumed to have taken place on the day of registration. Total income for this first period was £4,462. Expenditure totalling £2,620 was paid during the period. The surplus of income over expenditure for the period was £1,842 which increases our reserves.

Reserves

Our total reserves at 31 March 2022 are £1,842. The Trustees consider the level of reserves to be adequate for the Charity to remain sustainable for the immediate future. As we have yet to secure a suitable building and offer members full Shed benefits our level of unfunded ongoing expenses are kept at a modest amount and we have no need to maintain significant reserves.

How our activities deliver Public Benefit

All of our charitable activities focus on the promotion of social inclusion for the furtherance of community and personal development of residents and the community of Hook for the public benefit. The Trustees confirm that in exercising their powers and duties they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission.

Future developments

The Trustees intend to concentrate on the following activities;
(i) raising awareness of the Charity to secure new members and donations
(ii) working with Hook Parish Council to secure a building which can become the permanent base for the Charity and its members’ activities
(iii) establishing links with a number of grant sponsors
(iv) building on our links with the community to maintain a place for members to socialise and learn new skills whilst completing projects that benefit those living in and around Hook.

Contact us

The Trustees can be contacted through the Treasurer:

Matt Heywood
Glebe Cottage, Tunworth Road Mapledurwell
Basingstoke RG25 2LU

or via https://hook-shed.org.uk/welcome-to-http-hook-shed-org-uk where the email address for the webmaster is given.

Approved by the Trustees on 8 November 2022 and signed on their behalf by:

C M Terrey

Christopher Terrey, Chair of the Trustees

HOOK SHED

Income and expenditure account for the period from registration to 31 March 2022

Income Grants Community activities Other Expenditure Community activities IT equipment Subscriptions Insurance Room hire Bank charges Excess income over expenditure and reserves carried forward Represented by: Bank balance	Unrestricted funds Restricted funds £ £ 1,000 3,089 295 28 50 -	Total £ 4,089 323 50
	1,345 3,117	4,462
	312 855 - 1,216 115 - 67 - 35 - 20 -	1,167 1,216 115 67 35 20
	549 2,071	2,620
	796 1,046	1,842
	796 1,046	1,842

Approved by the Trustees on 8 November 2022 and signed on their behalf by

C M Terrey M C Heywood

Chairman Treasurer