Charity Registration Number : SC046805 ## **STONEHAVEN AND DISTRICT MEN'S SHED** A CHARITABLE INCORPORATED ORGANISATION (CIO) TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ## **STONEHAVEN AND DISTRICT MEN'S SHED** ## **LEGAL AND ADMINISTRATIVE INFORMATION** FOR THE YEAR ENDED 31 AUGUST 2025 |**Trustees**|William Allan| |---|---| ||Peter Cooper| ||Kenny Dingwall| ||Robert Stirling| ||Duncan Cursiter| ||David Ross| ||Douglas Knox| ||Paul Tosh| ||Tom Hannan| ||Paul Bentley| ||James Mackenzie| ||Malcolm Grey| ||Murray Marshall| ||Raymond Penny| |**Charity Number**|SC046805| |**Registered Ofce**|7 Riverside Drive| ||Stonehaven| ||AB39 2GP| |**Independent Examiner**|Precision Accountants and Business Advisors Limited| ||1 Marischal Square| ||Broad Street| ||Aberdeen| ||AB10 1 BL| ## **STONEHAVEN AND DISTRICT MEN'S SHED** ## **CONTENTS** FOR THE YEAR ENDED 31 AUGUST 2025 Trustees' Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements ## **STONEHAVEN AND DISTRICT MEN'S SHED** ## **TRUSTEES' REPORT** ## FOR THE YEAR ENDED 31 AUGUST 2025 The trustees present their annual report and financial statements for the year ended 31 August 2025. ## **Trustees' report and financial statements** 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). The Trustees, who are 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 31st August 2025. ## **OSCR report for year ended 31st August 2025** During the year we continued our involvement with the local community, including: Managing the monthly Farmers’ and Produce market Managing the annual Folk Festival campsite Participating at the annual Fee’in Market, Beer Fest and Harbour Festival Constructed outdoor furniture for a local Additional Support Needs children charity Refurbished outdoor furniture for two local care homes Refurbished gazebo at local community hospital Managed and maintained the polytunnel at local Academy Created trophies and promotional material for local sport events and charity Opened our Men’s Shed to ‘working men’ on evenings over winter for hobby and creative purposes Involved in a project to refurbish Town Hall storage shed A special award received by one of our members from Lord Lieutenant for community service Highlight of the year was the realisation of benefits and efficiency of our alternative energy system, consisting of air source heat pumps and solar panels with battery storage. This system, installed in 2024, has resulted in notable energy efficiencies also significant cost and environmental benefits. In 2025 to August, 68% of our electrical consumption has been from solar and battery. Effectively ‘free’ electricity. Surplus is exported to the grid, providing revenue Bicycle refurbishment, for onward sale, continues to provide benefit and income On going maintenance and decoration within the Shed continues. The external cladding of the building was completely repainted during the summer. A substantial but necessary task With technology advances we have further improved our laser engraving facilities, enabling training and proving to be an interesting hobby for members, particularly members who are less mobile. Also, our very creative CNC, Computer Numerical Control, group goes from strength to strength Our prosthetic limbs recycling initiative with Rotary continues but has reduced this year due to supply issues. We provided refurbished prosthetics to the Bristol based charity, STAND, formerly Legs4Africa. Our contribution to this cause enabled prosthetics to be delivered to sub-Saharan African countries Over this year we saw a growth in the Shed bank account along with our asset holding. Our asset register holds the detail. There is a separate ringfenced contingency, interest-bearing account. This fund primary objective is to cover any potential large expenditure as well as our obligation to return the premises to its original condition on completion of our lease Membership remains strong with continued participation in activities both in the Shed and in the community while the more passive members in the social area continue to achieve the primary objective of providing a place to relax and Page 1 of 10 find friendship away from isolation at home. Our aim is to further increase membership and use of our facility with additional opening to encourage participation. Also third party use once our terms and conditions for community let is developed We also endeavour to take part in occasional group activities such as bowling and external visits to places of interest. This is to enhance the members experiences, for wellbeing and social purposes ## **REFERENCE AND ADMINISTRATIVE DETAILS** **Charity number** SC046805 ## **Principal office** Stonehaven and District Men’s Shed Beach Pavilion Beach Road Stonehaven AB39 2RD ## **Registered Office** c/o 7 Riverside Drive Stonehaven AB39 2GP ## **Directors and Trustees** The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year. D. Cursiter P. Cooper W. Allan M. Gray D. Knox T. Hannan R.Stirling M.Marshall K. Dingwall J. Mackenzie P. Tosh R. Penny - W. Emslie M.McInally A number of Trustees are reaching the end of their 3-year tenure so preparation in hand to retain and recruit Trustees at the next AGM, in the new year. ## **Accountants** Precision Accountants & Business Advisors Ltd Coast Business Centre 11 Ainslie Street Page 2 of 10 ## Broughty Ferry ## DD5 3RR The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small company regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102). This report was approved by the trustees and signed on its behalf by: ------------------------------------------------------------------------ **Duncan Cursiter Trustee** Date : **26 January 2026** Page 3 of 10 ## **STONEHAVEN AND DISTRICT MEN'S SHED** ## **INDEPENDENT EXAMINER'S REPORT** ## FOR THE YEAR ENDED 31 AUGUST 2025 Independent Examiner’s Report to the Trustees of Stonehaven And District Men's Shed I report to the Charity Trustees on my examination of the accounts of the charity for the year ended 31 August 2025 which consists of the statement of financial activities,balance sheet and the related notes ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act') I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent Examiner's Statement** The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of IFA I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. - I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ## Name: **Amanda Henderson** for and on behalf of **Precision Accountants and Business Advisors Limited** Date: **26 January 2026** Page 4 of 10 ## **STONEHAVEN AND DISTRICT MEN'S SHED** ## **STATEMENT OF FINANCIAL ACTIVITIES** FOR THE YEAR ENDED 31 AUGUST 2025 |**Recommended categories**
**by activity**
**Notes**
**Income and endowments**
**from:**
Donations and legacies
2
Charitable activities
3
Investments
4
**Total**
**Expenditure on:**
Raising funds
5
Charitable activities
6
Other
8
**Total**
**Net income/(expenditure)**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted funds**
**£**
8,705.09
21,394.77
208.70
**30,308.56**
14,225.68
17,699.56
300.00
**32,225.24**
**(1,916.68)**
**(1,916.68)**
126,957.43
**125,040.75**|**Total Funds 2025**
**£**
8,705.09
21,394.77
208.70
**30,308.56**
14,225.68
17,699.56
300.00
**32,225.24**
**(1,916.68)**
**(1,916.68)**
126,957.43
**125,040.75**|**Total Funds 2024**
**£**
90,892.95
23,714.19
50.32| |---|---|---|---| ||||**114,657.46**| ||||12,701.27
17,307.31
342.80| ||||**30,351.38**| ||||**84,306.08**| ||||**84,306.08**
42,651.35| ||||**126,957.43**| Page 5 of 10 ## **STONEHAVEN AND DISTRICT MEN'S SHED** ## **BALANCE SHEET** FOR THE YEAR ENDED 31 AUGUST 2025 |**Recommended categories by**
**activity**|**Notes**|**Total Funds 2025**
**£**|**Total Funds 2024**
**£**| |---|---|---|---| |Fixed assets|||| |Tangible assets|9|92,427.26|99,453.93| |**Total fixed assets**||**92,427.26**|**99,453.93**| |Current assets|||| |Debtors|10|1,397.29|-| |Cash at bank and in hand|11|57,446.84|53,870.58| |**Total current assets**||**58,844.13**|**53,870.58**| |Creditors: amounts falling due within
one year|12|730.64|867.08| |**Net current assets/(liabilities)**||**58,113.49**|**53,003.50**| |**Total assets less current liabilities**||**150,540.75**|**152,457.43**| |Provisions for liabilities||(25,500.00)|(25,500.00)| |**Total net assets**||**176,040.75**|**177,957.43**| |**Funds of the Charity**|||| |Unrestricted funds|13|125,040.75|126,957.43| |Restricted funds|13|-|-| |Endowment funds|13|-|-| |**Total funds**||**125,040.75**|**126,957.43**| For the year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on 26 January 2026 and signed on its behalf by: **Duncan Cursiter Trustee** Date : **26 January 2026** Page 6 of 10 ## **STONEHAVEN AND DISTRICT MEN'S SHED** ## **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 AUGUST 2025 ## **1. Accounting Policies** The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows. ## **1.1 Basis of preparation** These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation. These accounts have been prepared in accordance with “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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. These accounts are presented in pounds sterling and rounded to the nearest pound. ## **1.2 Going concern** The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts. ## **2. Income from Donations and Legacies** |**Analysis**
**Unrestricted funds**
**£**
Donated Goods, facilities and
services
171.98
Donation and gifts
8,533.11
General grants provided by
Government/other charities
-
**Total**
**8,705.09**
**3. Income from Charitable Activities**
**Analysis**
**Unrestricted funds**
**£**
Other activities for generating
funds
4,396.22
Project Revenue
3,748.05
Sale of Good
5,483.55
Stonehaven Farmers and Produce
Market
2,962.55
Stonehaven Folk Festival
4,804.40
**Total**
**21,394.77**
**4. Income from Investments**
**Analysis**
**Unrestricted funds**
**£**
Interest income
208.70
**Total**
**208.70**|**Total funds 2025**
**£**
171.98
8,533.11
-
**8,705.09**
**Total funds 2025**
**£**
4,396.22
3,748.05
5,483.55
2,962.55
4,804.40
**21,394.77**
**Total funds 2025**
**£**
208.70
**208.70**|**Total funds 2024**
**£**
763.00
15,607.89
74,522.06| |---|---|---| |||**90,892.95**| |||**Total funds 2024**
**£**
10,820.50
4,409.69
105.50
3,240.00
5,138.50| |||**23,714.19**| |||**Total funds 2024**
**£**
50.32| |||**50.32**| Page 7 of 10 ## **5. Expenditure on Raising Funds** |**Analysis**
**Unrestricted funds**
**£**
Rent collection, property repairs
and maintenance charges
50.00
**Total**
**50.00**
Support Costs
14,175.68
**14,225.68**
**6. Expenditure on Charitable Activities**
**Analysis**
**Unrestricted funds**
**£**
Bank charges
101.58
Legal/professional fees
-
Other activities for generating
funds
369.82
Stonehaven Farmers and Produce
Market
254.54
Project costs
1,792.07
Prizes and awards
37.29
Stonehaven Folk Festival
390.57
**Total**
**2,945.87**
Support Costs
14,753.68
**17,699.56**
**7. Support Costs**
**Analysis**
**Support Costs**
Advertising and marketing
Printing and stationery
Travel
Janitorial and cleaning
Light, heat, power
Software
Repairs and maintenance
Telecommunications
Insurance
Shed maintenance costs
Depreciation
**Governance Costs**
Accountants fees
**8. Other Expenditure**
**Analysis**
**Unrestricted funds**
**£**
Donations
300.00
**Total**
**300.00**||**Total funds 2025**
**£**
50.00
**50.00**
14,175.68
**14,225.68**
**Total funds 2025**
**£**
101.58
-
369.82
254.54
1,792.07
37.29
390.57
**2,945.87**
14,753.68
**17,699.56**
**Total funds 2025**
**£**
447.12
517.14
-
94.66
2,069.50
578.49
5,570.50
1,009.83
2,785.65
6,539.96
8,738.52
578.00|**Total funds 2024**
**£**
-
**-**
12,701.27| |---|---|---|---| ||||**12,701.27**| ||||**Total funds 2024**
**£**
-
150.00
657.02
298.90
1,337.17
1,059.00
1,453.95
**4,956.04**
12,351.27| ||||**17,307.31**| ||||**Total funds 2024**
**£**
-
742.96
114.15
192.31
2,434.60
748.64
3,810.48
625.80
2,944.94
5,305.26
8,483.40
(350.00)| |||**28,929.37**
**25,052.54**|| |||**Total funds 2025**
**£**
300.00
**300.00**|**Total funds 2024**
**£**
342.80| ||||**342.80**| Page 8 of 10 |**9. Tangible Fixed Assets**
**Other Land &**
**Buildings**
**Plant &**
**Machinery**
**Fixtures &**
**Fittings**
**£**
**£**
**£**
**9.1 Cost or valuation**
At 01 September 2024
154,273.25
5,528.03
9,481.57
Additions
-
1,137.86
144.99
Disposals
-
-
-
Revaluations
-
-
-
Transfers
-
-
-
At 31 August 2025
**154,273.25**
**6,665.89**
**9,626.56**
**9.2 Depreciation and impairments**
At 01 September 2024
60,651.29
3,925.48
9,040.15
Charge for the year
5,244.56
1,062.52
183.39
Disposals
-
-
-
Revaluations
-
-
-
Transfers
-
-
-
At 31 August 2025
**65,895.85**
**4,988.00**
**9,223.54**
**9.3 Net book value**
At 01 September 2024
93,621.96
1,602.55
441.42
At 31 August 2025
**88,377.40**
**1,677.89**
**403.02**
**10. Debtors: Amounts falling due within one year**
Prepayments & accrued income
Trade debtors
**Total**
**11. Cash at bank and in hand**
**Total funds 2025**
**£**
Cash at bank and in hand
57,446.84
**Total**
**57,446.84**
**12. Creditors: Amounts falling due within one year**
**Total funds 2025**
**£**
Trade creditors
150.64
Accruals and deferred income
580.00
**Total**
**730.64**|**Other Land &**
**Buildings**
**£**
154,273.25
-
-
-
-|**Plant &**
**Machinery**
**£**
5,528.03
1,137.86
-
-
-|**Fixtures &**
**Fittings**
**£**
9,481.57
144.99
-
-
-|**Fixtures &**
**Fittings**
**£**
9,481.57
144.99
-
-
-|**Computer**
**Equipment**
**£**
6,315.14
429.00
-
-
-
**6,744.14**
2,527.14
2,248.05
-
-
-
**4,775.19**
3,788.00
**1,968.95**
**Total funds 2025**
**£**
1,377.29
20.00
**1,397.29**
**Total funds 2024**
**£**
53,870.58
**53,870.58**
**Total funds 2024**
**£**
337.08
530.00
**867.08**| |---|---|---|---|---|---| ||**154,273.25**|**6,665.89**|**9,626.56**||| |||3,925.48
1,062.52
-
-
-|9,040.15
183.39
-
-
-||| ||**65,895.85**|**4,988.00**|**9,223.54**||| ||93,621.96|1,602.55|441.42||| ||**88,377.40**|**1,677.89**|**403.02**||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| Page 9 of 10 ## **13. Charity funds** |**13. Charity funds**|**13. Charity funds**|**13. Charity funds**|**13. Charity funds**| |---|---|---|---| |**13.1 Details of material funds held and movements during the CURRENT reporting period**
**Fund names**
**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
**Unrestricted**
**funds**
**126,957.43**
**30,308.56**
**32,225.24**
**-**
**-**
**125,040.75**
**13.2 Details of material funds held and movements during the PREVIOUS reporting**
**period**
**Fund names**
**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
**Unrestricted**
**funds**
**42,651.35**
**114,657.46**
**30,351.38**
**-**
**-**
**126,957.43**|||| ||**42,651.35**
**114,657.46**
**30,351.38**
**-**|**-**|**126,957.43**| Page 10 of 10 ## **Issuer** **Issuer** Precision Accountants and Business Advisors Ltd **Document generated** Tue, 27th Jan 2026 14:40:20 GMT **Document fingerprint** bc6e9e31f1e94c1334925b55e6e066d6 ## **Parties involved with this document** ## **Document processed** ## **Party + Fingerprint** Thu, 2nd Apr 2026 12:13:42 BST Mr Duncan Cursiter - Signer (e830b12672d9c17d996d9da4958fd9cc) ## **Audit history log** ## **Date** ## **Action** Tue, 27th Jan 2026 14:40:20 GMT Tue, 27th Jan 2026 14:40:20 GMT Tue, 27th Jan 2026 14:40:20 GMT Tue, 27th Jan 2026 14:40:28 GMT Tue, 27th Jan 2026 14:40:28 GMT Tue, 27th Jan 2026 14:40:28 GMT Thu, 29th Jan 2026 21:55:56 GMT Thu, 19th Feb 2026 0:07:05 GMT Thu, 2nd Apr 2026 12:12:30 BST Thu, 2nd Apr 2026 12:13:42 BST Thu, 2nd Apr 2026 12:13:42 BST Thu, 2nd Apr 2026 12:13:42 BST Thu, 2nd Apr 2026 12:13:42 BST Envelope generated with fingerprint ef6e6cca0af1a51890b4846425866950 (35.176.231.177) Document generated with fingerprint bc6e9e31f1e94c1334925b55e6e066d6. (35.176.231.177) Mr Duncan Cursiter has been assigned to this envelope. (35.176.231.177) Envelope generated Sent the envelope to Mr Duncan Cursiter for signing Document emailed to party email Mr Duncan Cursiter viewed the envelope (84.67.6.249) Mr Duncan Cursiter viewed the envelope (84.67.6.249) Mr Duncan Cursiter viewed the envelope (64.227.35.63) Mr Duncan Cursiter signed the envelope (64.227.35.63) This envelope has been signed by all parties (64.227.35.63) Signed document confirmation emailed to party email (64.227.35.63) Signed document confirmation emails have been sent to all parties. Document URL: https://api.signable.app/shareable/envelope?t=987dd995-5d40-4926-83df-6 d68a5185dbf (64.227.35.63)