Ar•O,J- Ah ton Abb COMMUNllXSlll Making. M￿ding.Neetfi9 ANNUAL REPORT AND ACCOUNTS 2024-25 to the first Annual Report and Accounts of Newton Abbot Community Shed, marking the official end of our first year as a registered charity and CIO. This Annual Report and Accounts is a public document. If you would like to view or download it online, or wish to receive a hard copy, please email _peter@newtonabbotshed.co.uk_ . Name: Newton Abbot Community Shed Address: The Passmore Edwards Centre Market Street, Newton Abbot TQ12 2RJ Contact points: 07563 633041 hello@newtonabbotshed.co.uk https://newtonabbotshed.co.uk Newton Abbot Community Shed is a Charitable Incorporated Organisation (CIO), Registered in England & Wales, No. 1208014 Registration: 2024-25 Trustees: Albert Turner Andy Tettmar appointed 03/12/24 Emily Graydon Treasurer Gary Blackford resigned 07/10/24 Gill Brookman appointed 03/12/24 Kevin Beard Peter Stevens Chair Tim Faulkner Secretary Financial year end: 31 May 2025 Bankers: Lloyds Bank plc 98 Victoria Street, London SW1E 5JL 2 Peter Stevens We opened the doors for Newton Abbot Community Shed’s first session in July 2023. In a mere 10 months we had grown from an informal association to the point where we needed to transition a registered charity. That happened officially on 26 April 2024, at the same time becoming a Charitable Incorporated Organisation (CIO). November 2024 saw us acquire full-time occupancy of the room at Newton Abbot Library that we had previously used on a sessional basis, on a Tenancy at Will agreement with a rolling minimum 3-month notice period. We were thrilled to attain our goal of being financially self-sufficient in our first year as a charity, with no restricted funds. But, gratifying though those things are, the real satisfaction is knowing that we’re fulfilling our original aim – that the Shed should be a tangible force for good in the lives of those who join us. We conducted a survey of members in the Spring of this year; here are some of the responses we received to the question What is the one thing you most appreciate about NACS? _The safe space that has been created for all ages and abilities_ _Friendly welcoming inclusive atmosphere_ _The willing help and knowledge passed on to me. Also the kindness and banter!_ _The camaraderie_ ...and we often hear comments like this in conversation: _“After retirement, my husband went into a shell and became quite miserable. But since he started mixing with others in the Shed, he’s back to his old self!”_ _“I can’t over-state what having the community shed means to me.”_ _“I just love it! I’d go every day if it was open. I can potter around in my shed at home, but making things with a bunch of really great people feels completely different.”_ All the tools, and wood, and members and money in the world would be nothing without that. One more thing. This is dangerous, because I will inevitably leave some gaps in this list; please forgive any omissions, which are accidental. But I do want to give a shout-out to some of the people and organisations which have been instrumental in our early progress. 3 Lynn West, area manager for Newton Abbot Library and her team, who have been generous and supportive (and sometimes forbearing!) beyond anything we could have hoped for. Tom Gubby of Brunel Road Supplies Ltd, who grasped our vision the second he heard it and has favoured us with timber and consumables at the most advantageous of rates. Nick Biggs, for fulfilling the essential role of Independent Examiner for our accounts, and for advice regarding the content of our Annual Report The elected members and officers of Newton Abbot Town Council, who just seem to like us and support our work in any way they can! The Rotary Club of Newton Abbot which, among other things, invited us to take part in a fundraising motorcycle trip from Land’s End to John O’Groats and back, and substantially topped-up our share of the sponsorship income. The multitude of donors of tools and equipment. Much of this is used in the Shed, but some we sell-on (with the donors’ consent) to contribute to our income – and we in turn re-donate surplus items to other local charities to use in the work they do. Our members, and my fellow Trustees for all the making, repairing, tea-brewing, tool collecting, and mutual support and conversation that takes place – plus the hidden back-office admin without which the Shed simply wouldn’t happen. Thank you to everyone for your interest and support during our first year as a charity, and we look forward to your continuing engagement with our work in the future. 4 Emily Graydon ## Income summaries Annual memberships ....................... `559.25` Session subscriptions ..................... `4087.99` Donations for goods made or donated ................................... `2714.19` Grants .................................................................. `0.00` Sale of merchandise (hats)............... `40.44` 1 Repair ........................................................... `213.99` 2 Tool hire ........................................................... `5.00` Gift aid payment ................................... `161.90` 3 Reimbursed commission costs.................................................. `1960.42` Donations ...................................................... `2800.00` Total: `12543.18` ## Expenditure summaries Insurance .................................................... `690.42` Membership/subscriptions ............. `30.00` 4 Management expenditure ...... `3307.03` Marketing ................................................... `113.00` Housekeeping ........................................ `170.61` Consumables ........................................... `944.72` Refreshments .......................................... `325.92` Wood .............................................................. `177.75` PPE .................................................................. `201.46` Purchases later refunded .............. `128.44` Site improvements ............................. `894.60` Tools ................................................................ `918.77` Commissions ......................................... `3648.65` Total: `11551.37` Debtors at 31/05/2025: ............................ `0.00` Creditors at 31/05/2025: .......................... `0.00` **----- Start of picture text -----**
||| |---|---| |Bank balance at start of year 26/04/2024 ................................................................................|3187.75| |Add income for year ................................................................................................................................|12543.18| |Subtotal:|15730.93| |Less expenditure for year ending 31/05/2025 ...................................................................|-11551.37| |Closing balance dated 31/05/2025 :|4179.56| **----- End of picture text -----**
Reserve policy Newton Abbot Community Shed holds a reserve of approximately 3 months’ running costs ## Footnotes > _1 Donations received for repairs made to items brought into the Shed_ > _2 Donations received for the loan of tools and equipment_ > _3 Cost of materials bought to fulfil commissions, refunded by commissioning organisation_ > _4 Management expenditure includes items such as rent, stationery, software and training_ 5 ## Notes to Accounts ## - Commissions in 2024 25 _Teignbridge Community Project_ - Bird box kits _Libraries Unlimited_ - Modifications to a self-serve book return bin in the children's section of Newton Abbot Library - Repair and refurbishment of a large plan chest in the Railways section of Newton Abbot Library - Extension to the counter/reception desk in Kingskerswell Library _Newton Abbot Town Council -_ Santa sleigh and gingerbread figures, made for Christmas 2024, but paid for in the 2023/24 financial year _Newton Abbot Seed Library_ - Seed sifters and vacuum sorter **----- Start of picture text -----**
||| |---|---| |Depreciation|Value of tools and equipment| |2024|2025| |£1386.14|£938.86| **----- End of picture text -----**
Bank account Our bank, Lloyds Bank plc, required us to open a new account because of the changes to our structure when we became a Charity. This took effect in September 2024, and led to some double entries while we had 2 bank accounts running; money out of one and into the other. This amounted to £7040.76. Lloyds will start charging us (including for depositing cash) from November 2025 due to changes in the Terms and Conditions of our account type. Erroneous payments There were also a few payments where a Shed debit card was accidentally used to pay for items not Shed related. These amounts were fully refunded and have been kept out of the accounts. They total £256.60. Grants We have had no grants this year. This is good as it shows that we are covering our running costs from revenue. Gift Aid We should have had more Gift Aid than is showing. I entered a submission to HMRC in March but we didn't receive funds. A query has been sent to HMRC; we are waiting for a response. Independent examination These accounts are complete and in good order. They are currently under Independent Examination by a suitably qualified person, as provided-for by the Charity Commission regulations, at no cost to NACS. The examined accounts will be part of the year-end report prepared for and submitted to the Charity Commission in due course. 6 Tim Faulkner In our first year of operation as a charity we have gone from strength to strength, in many ways. ## Shed Room and Tools We have taken over full occupation of Room C1 in the Library. We initially had some ambitious plans for how we could improve the room, but we took a step back and reviewed our priorities, This has resulted in the room we have today – a workshop equipped with good tools and furnishings. If I recall correctly, we acquired the following major tools in 2024-25: Wood lathe 2nd bench sander Band saw Scroll saw Bobbin sander ## Donations We have also shown ourselves to be providing a community service by assisting people in clearing garages and rooms of surplus and unwanted tools and equipment. Our records suggest that we have accomplished 8 of these clearances in the past year. These operations often result in us having several items that we have no use for. In the first instance we have given several of these items to other organisations in the local area. Other items are generally sold off, either online or at car boot sales. This has proved to be a valuable source of income for the Shed. ## Memberships Our membership numbers have changed considerably in our first year. A comparison* looks like this: |Total members
Men
Women
Inactive|2024
2025
62
51
61%
73%
39%
27%
50%
31%| |---|---| _*Figures are snapshots, taken at the end of July in each year_ The main reason for the drop in numbers is that many people joined in our first year but never actually attended any sessions. Our current membership represents people who actually want to be Shedders; there are those who don’t attend regularly, but they are always welcome. 7 ## **Newton Abbot CommunityShed Accounts for year 26/04/2023 to 31/05/2025** ## **Income summaries:** |Membership
Subs
Sale of goods
Grants
Sale of merchandise
Repair
Tool hire
Gift aid payment
Refunded project costs|559.25
6887.99
2714.19
0.00
40.44
213.99
5.00
161.90
1960.42| |---|---| ||**12543.18**| ## **Expenditure summaries:** |Insurance
Membership/subscriptions
Management expenditure
Marketing
Housekeeping
Consumables
Refreshments
Wood
PPE
Merchandise
Refunds
Site improvements
Tools
Projects|1158.42
30.00
2839.03
113.00
170.61
944.72
325.92
177.75
201.46
0.00
128.44
894.60
918.77
3648.65| |---|---| ||11551.37| |Bank balance at start of year 26/04/2023|3187.75| |---|---| |Add income foryear|12543.18| |Sub total|15730.93| |Less expenditure for year ending 31/05/2025|-11551.37| |Closing balance dated 31/05/2025|4179.56| ## **Projects this year:** Bird box project Book drop bin NATC Christmas projects Teignbridge Community Project Seed library NA Library drawers Kingskerswell library counter **Depreciation:** Value of tools 2024 £1,386.14 Value of tools 2025 £938.86 ## **Bank account** We changed out bank account in September 2023. This lead to some doubl entries while we had 2 bank accounts running; money out of one and into th This amounted to £7040.76 We bank with Lloyds bank. They will start charging us from November. ## **Erronious payments** There were also a few payments where a Shed card was used to pay for ite Shed related. The amount was fully repaid. These amounts have been kept the accounts. They total £256.60 ## **Grants** We have had no grants this year. This is good as it shows that we are comp self sufficient with our funding. ## **Gift aid** We should have had more gift aid than is showing. I entered a submissin to in March but didn't receive payment funds. A query has been sent to HMRC waiting for a response. e e other. ms not out of pletely HMRC , we are ## **Tools worth over £50 for depreciation** |**Tool**|**Datepurchased**|**Price/£**| |---|---|---| |SumUp machine|6/8/2023|79.8| |Mitre Saw|8/14/2023|264.47| |CNC|9/7/2023|811.52| |Air compressor for CNC|12/12/2023|60.99| |Angle grinder|1/19/2024|209.98| |Table saw|6/19/2024|239.99| |Sander|12/12/2024|124.99| |2x drills|1/13/2025|159.97| |||1951.71| ||**2023**|**2024**| |---|---|---| |Sum Up machine|79.8|53.2| |Mitre saw|264.47|176.31| |CNC|811.52|541.01| |Air compressor for CNC|60.99|40.66| |Angle grinder||209.98| |Table saw||239.99| |Sander||124.99| |2x drills||| |**No years to**|||||||| |---|---|---|---|---|---|---|---| |**depreciate**||**1styear**|**2ndyear**|**3rdyear**||4thyear|| ||3|53.2|26.6||0||| ||3|176.31|88.15||0||| ||3|541.01|270.5||0||| ||3|40.66|20.33||0||| ||2|104.99|0||||| ||4|183.99|123.99||63.99||0| ||3|84.33|41.66||0||| ||2|79.99|0||||| |||0|||||| |**2025**|**2026**|**2027**|**2028**|**2029**| |---|---|---|---|---| |26.6|0|||| |88.15|0|||| |270.5|0|||| |20.33|0|||| |104.99|0|||| |183.99|123.99|63.99|0|| |84.33|41.66|0||| |159.97|79.99|0||| |5thyear|year writen off| |---|---| ||2026| ||2016| ||2026| ||2026| ||2026| ||2027| ||2027| ||2027| **2030** **2031** **2032** ||Income||Expenditure| |---|---|---|---| |April||118.61|110.48| |May||553.30|551.96| |June||514.86|634.74| |July||681.14|995.54| |August||344.44|404.09| |September||538.41|277.19| |October||1,777.45|1041.70| |November||3,436.14|1597.09| |December||722.68|929.29| |January||364.80|364.08| |February||907.12|838.66| |March||1,116.37|485.88| |April||730.39|1628.23| |May||737.47|1692.44| |||12543.18|11551.37| **----- Start of picture text -----**
4000
3500
3000
2500
2000
1500
1000
500
0
April May
**----- End of picture text -----**
Income Expenditure graph 2024 -2025 **----- Start of picture text -----**
Income Expenditure
June July August September October November December January February March April
**----- End of picture text -----**
**Income Expenditure graph 2024 -2025** ## Bank total 3197.22 3,077.34 2,762.94 2,703.29 2,964.51 3,700.26 5,539.31 5,332.70 5,333.42 5,401.88 6,002.57 5,134.53 4,179.56 **----- Start of picture text -----**
7000
6000
5000
4000
3000
2000
1000
0
May June July August O
September
**----- End of picture text -----**
**Bank totals 2024-2025** ## Bank total **----- Start of picture text -----**
OctoberNovemberDecember January February March April May
**----- End of picture text -----**