REGISTERED COMPANY NUMBER: CS002085 (Scotland) REGISTERED CHARITY NUMBER: S045943
==> picture [253 x 76] intentionally omitted <==
----- Start of picture text -----
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2025
for
Banchory & District Men's Shed
----- End of picture text -----
==> picture [173 x 313] intentionally omitted <==
----- Start of picture text -----
Banchory & District Men's Shed
Contents of the Financial Statements
for the Year Ended 31 August 2025
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
Detailed Statement of Financial Activities
----- End of picture text -----
==> picture [36 x 140] intentionally omitted <==
----- Start of picture text -----
Page
1 to 3
4
5
6
7 to 11
12
----- End of picture text -----
==> picture [456 x 726] intentionally omitted <==
----- Start of picture text -----
Banchory & District Men's Shed
Report of the Trustees
for the Year Ended 31 August 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with
the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of
Accounting and Reporting by Charities: | Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Men's Shed movement began in Australia and has spread worldwide. Men's Sheds provide companionship and a
sense of purpose for men, many of whom might otherwise become socially isolated. Men's Sheds have become
recognised asa major contributor to the improvement of men's health, both physical and mental. The Men's Shed
movement recognises the particular challenges which men face froma lack of established social circles once away from
the working environment, through retirement, redundancy, discharge fromthe armed forces, or long-term
unemployment.
Significant activities
Estimated membership remains at around 70. Members have constructed and repaired items for local good causes.
Christmas decorations and other items were made and sold for Shed funds. Wooden poppies were made and sold for the
benefit of Legion Scotland's Poppy Appeal. A thriving bridge group meets twice-weekly at the Shed. The Shed's 3D
printer is used to manufacture items for model-making and to make customised items for people with specific physical
issues. Tools and other items donated to the Shed have been refurbished and either sold to raise funds for the Shed, or
donated to local good causes. Old laptops and other IT equipment were refurbished and donated to various community
organisations.
The Shed hosted a meeting of the Aberdeenshire Men's Sheds organised by the Scottish Men's Sheds Association. The
catering costs of £688 are shown in the accounts as Governance Expenditure extraordinary item.
STRATEGIC REPORT
Achievements and performance
Charitable activities
The shed's activities are in furtherance of its mission to offer companionship anda sense of purpose to men who might
otherwise experience social isolation. Many of the Shed's activities also benefit local good causes, as described in the
Significant Activities section above.
Also, members raised £300 for Poppy Scotland, from the manufacture and sale of large wooden poppies.
The year saw significant growth in sharing of facilities, expertise and learning with other Men's Sheds, especially Bridge
of Don, and Inchmarlo Community Workshop. The reputation of the Men's Shed for being able and willing to fix
household and electronic equipment increased, with steady demand from local residents. The Shed will continue to
focus on workshop-based fabrication and repair activities for local good causes.
Financial review
Total money received in the year was £3,695 (2024 £3,075). and payments totalled £3,907 ( 2024 £3,273) The bank
balance at the year end was £14,978 (2024 £15,190). Expenses include depreciation totalling £6,548 (2024 £6,549).and
an accrual of £500 for electricity There were no fixed asset additions in the year.
Future plans
The Shed plans to participate in the Banchory Tapestry project by constructing frames for the work. The Shed will
continue to provide a fabrication and repair service for local good causes. Recycling activities such as monthly tool
sales and laptop refurbishment will also continue. Shed outings to local places of interest have proved popular and will
be extended to new destinations.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a Scottish Charitable Incorporated Organisation (SCIO). It is governed by its constitution which was
adopted on 6 April 2015 and it was granted charitable status by OSCR on 28 August 2015.
Page 1
----- End of picture text -----
Banchory & District Men's Shed
Report of the Trustees for the Year Ended 31 August 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees
Individuals who signed the charity trustee declaration which accompanied the application for incorporation of the organisation were deemed to have been appointed by the members as charity trustees from the date of incorporation of the organisation. The constitution states that there must be a minimum of three and a maximum of nine trustees. The AGM can elect new trustees and re-elect existing trustees. Between AGMs, trustees can co-opt members as trustees until the next AGM. Organisational structure The Trustees are responsible for the strategic direction and governance of the club. _Issues affecting the Shed's strategy, management and expenditure are discussed at bi-monthly business meetings, opentoall members. Issues requiring formal commitments (e.g. leases, contracts, major purchases) are discussed at Trustees’ meetings which are convened when required.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number CS002085 (Scotland)
Registered Charity number $045943
Independent Examiner ACCA
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 6 January 2026 and signed on the board's behalf by:
Page 2
Banchory & District Men's Shed
Report of the Trustees for the Year Ended 31 August 2025
P| Trustee
Page 3
Independent Examiner's Report to the Trustees of Banchory & District Men's Shed
I report on the accounts for the year ended 31 August 2025 set out on pages five to eleven.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention :
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
~ to keep accounting records in accordance with Section 44(1)(a)_ Accounts Regulations; and
-
of the 2005 Act and Regulation 4 of the 2006
-
to prepare accounts which accord with the accounting records and to comply with Regulation 8o0f the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date: 00 a 2020 cccssnesseee
Page 4
Banchory & District Men's Shed
Statement of Financial Activities for the Year Ended 31 August 2025
31.8.25 31.8.24
Construction Unrestricted of Men's Total Total fund Shed funds funds Notes £ £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,693 - 3,693 3,075 Charitable activities Donations (330) - (330) - Total 3,363 - 3,363 3,075 EXPENDITURE ON Raising funds - - - 25 Charitable activities Small items of equipment equipment 330 - 330 1,201 Consumables 820 - 820 505 Other 3,380 5,535 8,915 9,695 Total 4,530 5,535 10,065 11,426 NET INCOME/(EXPENDITURE) INCOME/(EXPENDITURE) (1,167 ) (5,535 ) (6,702 ) (8,351 ) RECONCILIATION OF FUNDS Total funds brought forward 15,645 52,387 68,032 76,383 TOTAL FUNDS FUNDS CARRIED FORWARD FORWARD 14,478 46,852 61,330 68,032
Charitable activities Donations Total
EXPENDITURE ON Raising funds
Charitable activities Small items of equipment equipment Consumables Other Total
NET INCOME/(EXPENDITURE) INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS FUNDS CARRIED FORWARD FORWARD
The notes form part of these financial statements
Page 5
Banchory & District Men's Shed
Balance Sheet 31 August 2025
31.8.25
31.8.24
Construction Unrestricted of Men's Total Total fund Shed funds funds Notes £ £ £ £
FIXED ASSETS Tangible assets
==> picture [449 x 297] intentionally omitted <==
----- Start of picture text -----
Tangible assets 5 - 46,853 46,853 52,842
CURRENT ASSETS
Cash at bank 14,978 - 14,978 15,190
CREDITORS
Amounts falling due within one year 6 (500) (1) (501) -
NET CURRENT ASSETS 14,478 (1) 14,477 15,190
TOTAL ASSETS LESS CURRENT
LIABILITIES 14,478 46,852 61,330 68,032
NET ASSETS 14,478 46,852 61,330 68,032
FUNDS 7
Unrestricted funds 14,478 15,645
Restricted funds 46,852 52,387
TOTAL FUNDS 61,330 68,032
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 August 2025.
----- End of picture text -----
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the endof each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 6 January 2026 and were signed on its behalf by:
The notes form part of these financial statements
Page 6
Banchory & District Men's Shed Notes to the Financial Statements for the Year Ended 31 August 2025 1. ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable inthe UK and Republic — of Ireland(FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under _ the historical cost convention. The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Treland': e the requirements of Section 7 Statement of Cash Flows; e the requirement of paragraph 3.17(d); e the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c); e the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A; e the requirement of paragraph 33.7; e the requirement of paragraph 24(b) of IFRS 6. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities ona basis consistent with the use of resources. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 7 continued...
Banchory & District Men's Shed
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
- NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
31.8.25 31.8.24 £ £ 5,989 6,549
- TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.
Trustees’ expenses
There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.
- COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM Donations and legacies
Construction Unrestricted of Men's Total fund Shed funds £ £ £ 3,074 1 3,075
EXPENDITURE ON Raising funds
Charitable activities Small items of equipment Consumables Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
25 - 25 1,201 - 1,201 505 - 505 4,160 5,535 9,695 5,891 5,535 11,426 (2,817 ) (5,534 ) (8,351 ) 18,462 57,921 76,383 15,645 52,387 68,032
Page 8
continued...
Banchory & District Men's Shed
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
- TANGIBLE FIXED ASSETS
COST
At 1 September 2024 and 31 August 2025 DEPRECIATION At 1 September 2024 Charge for year At 31 August 2025 NET BOOK VALUE At 31 August 2025 At 31 August 2024
==> picture [151 x 175] intentionally omitted <==
----- Start of picture text -----
Plant and
Shed machinery Totals
£ £ £
74,691 4,054 78,745
22,304 3,599 25,903
5,534 455 5,989
27,838 4,054 31,892
46,853 - 46,853
52,387 455 52,842
----- End of picture text -----
- CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors Accrued expenses
- MOVEMENT IN FUNDS
Unrestricted funds General fund
31.8.25 31.8.24 £ £ 1 - 500 - 501 - Net movement At At 1.9.24 in funds 31.8.25 £ £ £ 15,645 (1,167 ) 14,478
Restricted funds Construction of Men's Shed TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds General fund
Restricted funds Construction of Men's Shed
52,387 (5,535 ) 46,852 68,032 (6,702 ) 61,330 Incoming Resources Movement resources expended in funds £ £ £ 3,363 (4,530 ) (1,167 ) - (5,535 ) (5,535 )
TOTAL FUNDS
3,363 (10,065 ) (6,702 )
Page 9
continued...
Banchory & District Men's Shed
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
- MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
Net movement At At 1.9.23 in funds 31.8.24 £ £ £ 18,462 (2,817 ) 15,645 57,921 (5,534 ) 52,387 76,383 (8,351 ) 68,032 Incoming Resources Movement resources expended in funds £ £ £ 3,074 (5,891 ) (2,817 ) 1 (5,535 ) (5,534 ) 3,075 (11,426 ) (8,351 ) is as follows: Net movement At At 1.9.23 in funds 31.8.25 £ £ £ 18,462 (3,984 ) 14,478 57,921 (11,069 ) 46,852 76,383 (15,053 ) 61,330
Unrestricted funds General fund
Restricted funds Construction of Men's Shed
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds General fund
Restricted funds Construction of Men's Shed TOTAL FUNDS
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds General fund
Restricted funds Construction of Men's Shed TOTAL FUNDS
Page 10
continued...
Banchory & District Men's Shed
Notes to the Financial Statements - continued
for the Year Ended 31 August 2025
- MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
Incoming Resources Movement resources expended in funds £ £ £
Unrestricted funds General fund 6,437 (10,421 ) (3,984 )
Restricted funds Construction of Men's Shed
1 (11,070 ) (11,069 )
TOTAL FUNDS
6,438 (21,491 )
(15,053 )
- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2025.
Page 11
Banchory & District Men's Shed
Detailed Statement of Financial Activities for the Year Ended 31 August 2025
INCOME AND ENDOWMENTS Donations and legacies Donations Charitable activities Donations Total incoming resources
EXPENDITURE Charitable activities Consumables Low value equipment
Other Insurance Heat and light Telephone Shed maintenance Sundry expenses Rent Loss on sale of fixed assets Shed depreciation Plant & machinery depreciation
Support costs Management Sundries
Other Scottish Men's Shed Assoc
Governance costs Exceptional items
Total resources expended Net expenditure
31.8.25 31.8.24 £ £ 3,693 3,075 (330) - 3,363 3,075 795 505 330 1,201 1,125 1,706 543 543 500 408 368 363 704 682 83 232 24 24 - 894 5,535 5,535 455 1,014 8,212 9,695 15 - 25 25 688 - 10,065 11,426 (6,702 ) (8,351 )
This page does not form part of the statutory financial statements
Page 12