2023-11-30-accounts - Bingley & Rural Men's Shed

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

Trustees’ Annual Report for the period

From 01/12/2022 (Period start date) To 30/11/2023 (Period end date)

Charity name: Bingley & Rural Men’s Shed

Charity registration number: 1201119

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The purpose of the shed is for the public benefit of all, the preservation and protection of good health and well-being primarily among men aged 18 years and older living in Bingley and the surrounding area, including those who are employed, retired, unemployed or have health problems, through the provision of facilities for hobbies, recreation or other leisure time activities, including practical interests, skills sharing, the learning of new skills, and helping with community-based projects. The shed has 15 registered members, one of whom is a lady. The membership is mainly comprised of retirees and members suffering from diverse issues. The members feel that the shed has benefited their well- being and given them purpose.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The shed's purpose is to bring people together and encourage trust in one another so that mental health and well-being issues can be discussed openly or between trusted people. It also provides a place where new friendships can be formed as workmates and/or friends retreat due to health issues or when retirement beckons or is reached. As a receiving charity, one of the pillars is giving back to the community through community projects and empathy, such as Remembrance Day. The shed has members with various degrees of knowledge, skill, ability, and understanding. The attributes are utilised to help other members who are interested and willing to learn and benefit from guidance. The shed's only activity is woodworking. This

		will remain so until we can expand into other available spaces. There has been no demand for the shed to run any other activities, though, through membership surveys, there is a desire for other activities to occur based on members' skills and interests.
A statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	With their best endeavours, the trustees believe that they are delivering public benefit through the men’s shed and its activities.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Policy on grant making Para 1.38 Policy on social investment Para 1.38 including program related investment Contribution made by Para 1.38 volunteers Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The shed members have been/are involved in multiple community projects, such as • The construction and installation of an access ramp at Bradford Food Bank • Making Easter Crosses from reclaimed lock gate timber for Trinity All Saints Church • Restoration of the Gilstead War Memorial • Swift Boxes • Planters at Canalside Health Centre • Making Hedgehog Hibernation Boxes for various locations such as Prince of Wales Park • Constructing seating and tables for the use of residents at Myrtle Court residential home (made by our female member). • Restoration of garden furniture and cleaned and revarnished memorial benches in Myrtle Park. We have also made various styles of bird nesting boxes and feeding tables to help develop our members' skills and involvement and raise much-needed funds. Recipient community organisations

Additional information (optional) You may choose to include further statements where relevant about:


Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41

Para 1.41

Investment performance against objectives Other

Financial Review

Review of the charity’s financial position at the end of the period	Para 1.21	The shed has managed to navigate financially through its 1st year and finished the year with a surplus. As part of setting up the shed’s governing structure, a bank account was set up a few days before Christmas. After the New Year, Gift Aid was applied for, and the shed has now received approval to claim this. During the year, the shed received start-up grants from • Community First Yorkshire, which has allowed for the purchase of tools and refurbish the shed. • Bradford Council Bradford VCS Alliance • Bingley Bubble. Some of these have helped with our members' membership. We have also had donations. • from our members themselves • Others from outside of the organisation. Community organisations have approached us to help deliver small projects such as the Crosses for All Saints Church, the ramp and platform for the foodbank, hedgehog boxes for Prince of Wales Park, and park benches for Myrtle Park. These have all brought in donations as thanks for delivering them to these organisations/people. These received donations go to help with the club's subsistence. In summary, Through grants and donations received, the shed has managed to redecorate the provided stone building and purchase woodworking equipment and hand tools • Our income for the year was £10.5k • Our expenses for the year were 7.5k, mainly due to the establishment of the shed and the purchase of power tools. • A surplus of 2.9k will be carried over to the following year's accounts to help with the shed’s continued subsistence. The surplus comprises of unspent insurance money, donations for community work performed and shed membership and session fees.

Statement	Para 1.22	There is no policy on how much surplus/reserve must be
explaining the		carried over yearly. Carrying a small surplus into the next
policy for holding		year's accounts is seen as good financial management,
reserves and		ensuring that the shed can continue to operate and benefit
stating why they		its members.
are held.		The amount carried over may differ from year to year.
Amount of reserves	Para 1.22	A surplus of 2.9k has been carried over to the next year's
held		accounts to help with the shed’s continued subsistence. This
		forms the initial reserve for the next financial year for the
		shed.
Reasons for	Para 1.22
holding zero
reserves
Details of fund	Para 1.24
materially in deficit
Explanation of any	Para 1.23
uncertainties about
the charity
continuing as a
going concern

Additional information (optional) You may choose to include further statements where relevant about:

As this is the Bingley Men’s Shed's first year of operation, its principal source of funding was through other charitable organisations

The charity’s principal

sources of funds (including any fundraising)	Para 1.47	eager to help start up a men’s shed within the Bingley community. These are listed in the Financial Review section.
Investment policy and objectives, including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46	Break-ins The shed premises have suffered multiple break-in attempts, with the first attempt being successful, where the shed power tools were stolen. Through contents insurance, the power tools have been replaced. Unfortunately, the insurance covered the contents only and shed finances had to cover the bolstering of the shed’s security to increase the difficulty of illicit entry. There remains a risk of persons with breaking-in and entering intentions continuing to try to gain access to the shed's contents. This creates a potential financial burden, and the shed needs to be ready to manage any damage caused as a result. Grants/Fundraising Larger grants are outside the shed's scope due to the council not granting tenure of occupation. This now limits the shed's scope for any future development/expansion that the trustees would like to achieve. Small grants are a challenge, as we were unsuccessful with the submissions that were made during the year. The intention is to attend training courses and other forums to learn what is required to be more successful. If no small grants are obtained during the year, that would exert quite a bit of financial stress on the trustees and operational side.
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	The charity is governed by a constitution (Association type)that sets out the shed's governing principles.
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	The Bingley and Rural Men’s Shed (BRMS) is a Charitable Incorporated Organisation (CIO) based entity. It was established in November 2022 and is managed by elected trustees.
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Initially, the trustees were elected from volunteers to their roles to initiate the incorporation of the new shed, affiliation to the charity commission, and establishment of its governing constitution. Its members will elect all future trustees at the organisation's AGM as per the constitution. At re-election time, all current rolled trustees are obligated to resign and seek re-election if they would like to continue in that capacity for another year. Trustees are also sourced through member nominations, and a ballot is taken if there is more than one nominee for a role. The trustees take on the roles of chairman, secretary, and treasurer or as trustees with no role (e.g., committee member). Other roles available are membership, DPO and Safety officer. These roles require very little week-to-week attention and are adjunct tasks to the treasurer’s role. Trustee meetings take place regularly, usually monthly.

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and Para 1.51 training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties

Other

Reference and Administrative details

Charity name	Bingley & Rural Men’s Shed
Other name the charity uses	Bingley and Rural Men’s Shed
Registered charity number	1201119
Charity’s principal address	Myrtle Park, Myrtle Grove, Bingley, BD16 2LQ

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for a wholeyear
Jonathan Rhodes	Chairman	01/12/2022 - 17/05/2023 - resigned
Peter Welch	Secretary
Andris Berzins	Treasurer
Mark McGlinchey	Committee Person
Peter Welch and Andris Berzins	Joint Chairmanship	17/05/2023 – EOY

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the chari 's trustees Signaturelsl Full namels) Position leg Secretary, Chalr, etc} *f6A PAf És£ Dats

Charity Name Bingley & Rural Men's Shed

No (if any)

Receipts and payments accounts

CC16a

For the period from	Period start date 01/12/2022	To	Period end date 30/11/2023

Section A Receipts and payments

Unrestricted Restricted Endowment Total funds Last year funds funds funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £

A1 Receipts

A1 Receipts
Donations	1414	-	-	1,414	-
Grants	5950	-	-	5,950	-
Community Project Receipts	532	-	-	532	-
Interest on Deposit and Cashback	93	-	-	93	-
Members subscription and session fees	567	-	-	567	-
Insurance payments	1873	-	-	1,873	-
Other Receipts	300	-	-	300	-
	-	-	-	-	-
*Sub total*(Gross income for AR)	10,729	-	-	10,729	-

*Sub total*(Gross income for AR)	,			,
A2 Asset and investment sales, (see
table).
	-	-	-	-
	-	-	-	-	-
*Sub total*	-	-	-	-	-

**Total receipts **	10,729	-	-	10,729	-

A3 Payments

-	-	242	-
-	-	775	-
-	-	226	-
-	-	74	-

CCXX R1 accounts (SS)

04/15/2024

Subscriptions Shed Startup Costs Electrical and PAT Equipment Purchase Shed Consumables Other payments

-	-	166	-
-	-	40	-
		1,122
-	-	818	-
-	-	4,337	-
-	-	159	-
-	-	7,959	-

A4 Asset and investment purchases, (see table)

		-		-		-	-
		-		-		-	-
	**Sub total **	-		-		-	-		-

	**Total payments **	7,959		-		-	7,959		-

	**Net of receipts/(payments) **	2,770	-		-		2,770	-
A5	Transfers between funds	-	-		-		-	-
A6	Cash funds last year end	-	-		-		-	-
	**Cash funds this year end **	2,770	-		-		2,770	-

Section B Statement of assets and liabilities at the end of the period

Categories ds	Details Virgin Money Petty Cash *Total cash funds* (agree balances with receipts and payments account(s))	to nearest £ 2,752 17 - 2,770 OK Unrestricted funds	to nearest £ - - - - OK Restricted funds	to nearest £ Endowment funds
				-
				-
				-
				-
				OK

B1 Cash funds

CCXX R2 accounts (SS)

04/15/2024

B2 Other monetary assets

B3 Investment assets

B4 Assets retained for the charity’s own use

to nearest £ - - - - - - Unrestricted funds	to nearest £ - - - - - - Restricted funds	to nearest £ Endowment funds
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-

Details	Fund to which asset belongs	Cost (optional) - - - - -	Current value (optional)
		-	-
		-	-
		-	-
		-	-
		-	-

Details	Fund to which asset belongs	Cost (optional) - - - - - - - -	Current value (optional)
		-	-
		-	-
		-	-
		-	-
		-	-
		-	-
		-	-
		-	-

CCXX R3 accounts (SS)

04/15/2024

B5 Liabilities

Signed by one or two trustees on behalf of all the trustees

		-	-
	Fund to which	Amount due	When due
Details	liability relates	(optional)	(optional)
		-
		-
		-
		-
		-

Signature	Print	Name	Date of approval

CCXX R4 accounts (SS)

04/15/2024