Marnhull Men’s Shed Charity No 1198193 Annual Report for 2022-23
This marks our first year as a registered charity and, despite the inevitable ups and downs, it has been a generally positive twelve months.
We began the year with much concern about falling membership brought about by the challenges of a pandemic and the inevitable financial issues associated with that trend. Nonetheless our membership situation has stabilised over the year, with a good number of regulat attendees at our weekly sessions, and we end the year in good financial health.
Our relative financial health has enabled us to invest in some new equipment, notably the oscillating spindle sander, and we have been pleased to receive donations of equipment from Trustees, for which we are most grateful.
In past years our efforts to raise income from external sources have been focused primarily on community-based projects funded by the Parish Council. I am pleased to report that we have begun to diversify away from this source of income and have invested a considerable amount of effort into the production of craft items that can be sold to the general public. In this endeavour we have been greatly assisted by a generous donation of materials by a Trustee for which we are extremely grateful.
We remain most fortunate to have the unwavering support of our landlady, who has provided our Shed with a workshop , and without whom our organisation would never have got off the ground. However we must remain ever mindful of the need to secure new premises that will provide greater stability for the Shed in future years. Unfortunately the prospect of obtaining an agreement to occupy a barn at Strangways Farm has now all but evaporated and we must look elsewhere. Currently the most promising avenue of approach is to work with the Parish Council to direct Section 106 funding into a new community facility, as and when such funding materialises from the various proposed housing developments in the village.
I would like to finish this report by thanking my fellow Trustees for the effort they have all put in over the last year to make our Shed the undoubted success that it is.
Stephen Holdship - Chairman
MARNHULL MEN'S SHED YEAR END FINANCIAL STATEMENT 1st March 2022 to 30th April 2023
| 2022/23 | 2021/22 | 2022/23 | 2021/22 | ||
|---|---|---|---|---|---|
| Income | Expenditure | ||||
| Subscriptions | 1300.00 | 0.00 | Project Materials | 269.39 | 66.13 |
| Attendance Fees | 0.00 | 0.00 | Project Consumanables | 7.49 | 12.60 |
| Donations Received | 485.00 | 66.13 | |||
| Grants | 0.00 | Refreshments | 0.00 | 0.00 | |
| Interest Received | 14.73 | 0.62 | Expenses | 0.00 | 0.00 |
| AGM Expenses | 0.00 | 0.00 | |||
| Association Fees | 30.00 | 0.00 | |||
| Communications | 28.78 | 0.00 | |||
| KMC Utility Costs | 56.33 | 38.93 | |||
| Gas | 0.00 | 49.99 | |||
| Venue Hire | 0.00 | 0.00 | |||
| Repairs and Renewals | 21.60 | 70.58 | |||
| Safety Equipment | 0.00 | 0.00 | |||
| Equipment Purchases | 167.95 | 150.00 | |||
| Insurance | 438.81 | 633.46 | |||
| Property Maintenance | 12.82 | 0.00 | |||
| Total Income | 1799.73 | 66.75 | Total Expenditure | 1033.17 | 1021.69 |
| Surplus for Year | 766.56 | ||||
| Opening Balance | Current Position | ||||
| Current Account | 82.55 | Current Account | 721.27 | ||
| Deposit Account | 5804.49 | Deposit Account | 5819.22 | ||
| Petty Cash | 23.93 | Petty Cash | 137.04 | ||
| Creditors | |||||
| Plus Surplus YTD | 766.56 | ||||
| Total Funds | 6677.53 | Total Funds | 6677.53 |
I have examined the above summary on behalf of the Marnhull Men's Shed and, in my opinion, it agrees with the records and vouchers submitted by the Committee for the year to 28th February 2022 and with the balances in hand at that date.
Simon Hanson FCA Hon. Auditor