AXE VALLEY MEN'S SHED
Axe Valley Men's Shed provides space to enable social interaction, connections, friendship building, sharing skills and knowledge to reduce social isolation and contribute towards the support of mens mental heath and wellbeing. We also pursue practical interests, to share skills and contribute to local and community initiatives within the local area.
Financial health, per its FY2025 accounts
The accounts state that the charity achieved financial self-sufficiency for the first time, with turnover of £34,406 covering all running costs and resulting in a net surplus of £7,732. Reserves stood at £37,141, with £29,050 held in the bank, although the trustees note that the majority of this was ring-fenced for specific projects. The filing confirms the charity is in a healthy, stable, and sustainable position with no material uncertainties regarding its future.
What the accounts disclose
“Our reserves policy sets a £4k reserve specifically to cover unforeseen running costs, or non-project/activity related costs.”
Property (HM Land Registry)
Trustees
- Andrew Kenneth Lakenchair
- Bernard Victor Cook
- Stuart Berwick
- Thomas Clive Jenkins
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 01/07/2025 | £34k | £27k |
| 01/07/2024 | £37k | £29k |
| 01/07/2023 | £26k | £17k |
| 01/07/2022 | £19k | £13k |
| 01/07/2021 | £11k | £10k |
Common questions
Is AXE VALLEY MEN'S SHED financially healthy?
Per its FY2025 accounts: The accounts state that the charity achieved financial self-sufficiency for the first time, with turnover of £34,406 covering all running costs and resulting in a net surplus of £7,732. Reserves stood at £37,141, with £29,050 held in the bank, although the trustees note that the majority of this was ring-fenced for specific projects. The filing confirms the charity is in a healthy, stable, and sustainable position with no material uncertainties regarding its future. Its FY2025 accounts were independently examined.
Who funds AXE VALLEY MEN'S SHED?
Funders whose own accounts filings name AXE VALLEY MEN'S SHED as a grant recipient include SOMERSET COMMUNITY FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| SOMERSET COMMUNITY FOUNDATION | FY2023 | £3k | 3 Grants |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Somerset Community Foundation | 27/02/2025 | £3k | Creating disabled access to the workshop by installing an additional ramp |
| The National Lottery Community Fund | 22/03/2024 | £20k | Repurposing of Axbridge Station for Axe Valley Men's Shed and Community |
| Somerset Community Foundation | 23/11/2023 | £400 | Provide heating through the winter for a unit that focuses on mental health and isolation |
| Somerset Community Foundation | 01/02/2023 | £2k | Contribution towards the overheads of a community mental health project, which have risen due to the cost-of-living crisis |
| Somerset Community Foundation | 10/10/2022 | £2k | Strengthening social connections among isolated older people in Cheddar |
| Somerset Community Foundation | 02/08/2022 | £5k | Creating a new growing space in Axbridge where the community can grow food together |
| Somerset Community Foundation | 19/03/2021 | £4k | COVID19 Replacing lost income and ensuring future viability |