Tool Aid Ringwood The Barn, Gouldings Farm, Ringwood Hants BH24 3PA
Charity number: 1198454
Tel: +44 (0) 1425 473968 Email: toolaidringwood@gmail.com
Trustee Report for the year ended 31[st] December 2022
Governing document
Tool Aid Ringwood was established as a charity in 2014 (Charity Number 1155900) and converted to become a Charitable Incorporated Organisation (Charity Number 1198454) with effect 31 March 2022.
The object of the charity is to help relieve poverty amongst people in under developed areas of the world by the provision of refurbished tools and equipment, sending these via other charities and organisations that have the in-country contacts to ensure they reach those most in need.
Trustees
-
Ken Brown, Chairman and CEO
-
Len Smith, Treasurer
-
Colin Probyn, Workshop Manager
-
Mike Beven
-
Geoff Kynaston
Membership
There are 48 volunteers active within the workshop, refurbishing items and recovering recyclable material from donations not fit for further use, with 10 others supporting in other ways. The workshop operates from at least 9am to 12.30pm Monday to Friday, though is usually open longer. Most members come in for one morning each week but our numbers are such that we are now close to maximum capacity on some days.
Activities
The charity continued to receive large numbers of donated tools and other items throughout the year with no sign of this decreasing and 2022 has been our best year for output. Tools with a Mission (TWAM) alone collected 13 full loads of refurbished items in their 35cwt van to send to Africa. These comprised complete kits (e.g. carpentry) to equip a training establishment or enable sustainable businesses to be operated, ranging from a one-person enterprise to a village cooperative. Other tools are also sent in bulk, plus sewing machines, knitting machines, haberdashery and wool to go with them, and computers. This amounted to at least 26 tonnes during the year. TWAM remain our largest recipient with items going mainly to East and Central Africa. Work Aid also
took three similar sized vehicle loads. Other items have gone to Veterans Forge near Corfe Castle, who provide training to wounded ex-service personnel and others suffering from PTSD, Prodigal Bikes for shipment to a technical college in Kenya, some to a smaller charity in Madagascar and several other local organisations. At a conservative estimate this amounted to 35 tonnes for the year. As we also strip wire and recover other non-ferrous material to help pay our overheads, and all ferrous scrap is collected for recycling, we estimate that at least 60 tonnes has been saved that would have otherwise gone to landfill. We have also facilitated the dispatch of 12 small electrical generators to Ukraine and hopefully more will follow.
Financial results
These results reflect the whole of the 2022 financial year, including the first four months when we were operating as a charity prior to the transfer to the CIO. They are prepared under the historical cost convention from receipts and payments shown within the current year. The previous year is shown for comparison.
Tool Aid Ringwood Accounts Summary for year ending 31/12/2022
| 2022 | 2021 | |
|---|---|---|
| £ £ |
£ £ |
|
| Bank/Cash in Hand | ||
| Opening balance | 15,415.36 | 15,469.36 |
| Closing balance | 17,022.01 | 15,415.36 |
| Unpresented/uncleared cheques | 0.00 | -- |
| Change | 1,606.65 | -54.00 |
| Income | ||
| Bank interest | 8.06 | 1.16 |
| Surplus tool sales | 2,649.85 | 60.77 |
| Scrap metal sales | 6,367.00 | 3,817.98 |
| Donations subject to Gift Aid | 2,205.58 | 5,750.00 |
| Donations not subject to Gift Aid | 1,783.00 | 2,311.20 |
| Show income subject to Gift Aid | 0.00 | N/A |
| Show income not subject to Gift Aid | 2,114.25 | N/A |
| Total Gift Aid recovered | 797.00 | 1,577.50 |
| Other income | 0.00 | 1,200.00 |
| Total | 15,924.74 | 14,718.61 |
| Expenditure | ||
| Rent | 3,000.00 | 1,800.00 |
| Insurance | 833.77 | 821.28 |
| Consumables/Maintenance - | 2,006.60 | |
| Kitchen/cleaning | 209.54 | N/A |
| Workshop supplies | 528.92 | N/A |
| For kits | 884.16 | N/A |
| Stationery/office supplies | 178.70 | N/A |
| Total | 1,801.32 | 2006.60 |
| Petty cash 110.00 Phone 537.83 Electricity 4,036.39 Show expenditure 184.03 Capital purchases 749.14 Donations to other organisations 1,000.00 New storeroom 1,854.51 Other expenses 211.10 Total Cash Profit |
50.00 641.65 1,138.71 N/A 632.12 3,140.88 N/A 4,541.37 14,318.09 1,606.65 |
|
|---|---|---|
| 14,772.61 -54.00 |
This report was prepared by the Trustees.
Signed by order of the Trustees:
Ken Brown,
Chairman/CEO
Date:27[th] February 2023