22 February, 2025
Aboyne and Mid-Deeside Community Shed (Al80 IoWn Aboyne & District Men's
Shed) is 2 Seottlsh Charitable Incorporated Organisation, SC047036
Address..
The ninth Annual General Meeting (AGM) of the Charity will be held in the Shed on
22nd February and is 5chcdulcd 10:.
l. Approve the minutes of ihe ¢ighth AGM, held on 24 February, 2024.
2. Present the Chaimian's and Treasurer's reports.
3. Hold the electionslre-elections necessary to cnsurc all officcr positions remain filled,
as required by the Constitution.
4. Hold and necessary eleciionslre
their lives. Funding of £2000 was received to support a day trip for the group and this will probably take place in March. The lease we had from Aberdeenshire Council to use the temporary storage premises in Golf Road ended on the 1st June. To improve disabled accessibility to the building, the gravel approach from the lower disabled parking space to the entrance and emergency exit was tarniacked in Febary. Also. wheelchairs are now available at the workshop entrance &nd in (he studio store room. Th¢ Shed continues to benefit greatly from donations it receives and has received in the pasc from members and other benefactors. For example, the raffle of bottles from our Stand at che Aboyne Highland Games rdised £1304 and the sale of various donated as5Cts, by one of our enthusiastic. commercially astute members, has raised £2773 this year. Following the award of a £13,290 grant from the Just Transition Participatory Budget Fund, a Tesla Wall battery (13.5kWh) wa5 installed in February to maximise the benefit of our existing solar PV panels. Wc are grateful lo Aberdeenshire Volunltiry Action for highlighting ihe availability of this fvnding. Following installation it became apparent that the solar PV pane15 were not optimally connect¢d. They wer¢ rewired to restore the inverter oulpul to its expected capacity. Our muNally beneficial relationship with the Mid Deeside Community Trust continues. The office is slllffed on weekday mornings. Our relationship with King's Trust Youth Development Prog?ramme (fjjnded by Aberdeenshire Council and managed by Horseback UK) has continued. Two cohorts have been hosted during the year. This programme gives workllife skills to young people (16-25) who are not in education, employment or training. The participants fabricated an attractive, Adirondack chair and ¢wo bird tables (hat generated a lot of interest on our Fa¢¢book page. Two Saturday mornin8 brnnches have been held. The frequency of these events is limit¢d by thc numbers of mcmbers willing to volunteer and a5Si5t with preparation of. coffee. lea. bacon rolls, elc. They have always been cnjoyed and appreciated by those who attend. Wood turning continues to be popular and two classes have been conductd with further sessions expected in 2025. Casual interest has bccn expressed by onc lady for similar cla55cs and if she can gain inlerest from four or more interested woman we will conduct a class for them. The Sh¢d participated in ihe Aboyne Highland Games on 5 August. Representatives have attended two networking events organised by che Scottish Men'5 Shed Association in neighbouring Sheds. W¢ have been an active participant in the ongoing development of Aboyne's Local Place Plan. Potentlal Ll*bilitle$:_ The charity currently holds cash in excess of its policy for operational rcservcs bul therc are a number of potential liabilitie5 facing us.
l. We are ellentlY disputing an invoice received for watcr and 5ewerdgc service at the Golf Road premises. Although Scottish Waterlwave Utilitie5 have now accepted our application for charitablc cxception for the years 2020121, 2023124 and April 2024 to June 2024. they have not accepted our application for the years 2021122 and 2022123, (£1,316.54). 2. During heavy rain it has been observed that the building's gutters overtlow and water cascades down the walls. This will Gause long tern) deterioration and quotations are being sought to improve the roof drainage. Our intention is to execute this work in 2025. 3. The heating of the studio poses several ehallenges. During the coldest weather it is on the limil of being undersized and is ditTicult to programrnc. Rcnlal of the studio space provides most of the charity's income. Refvrbishmenl with a more modern, larger unit may be required in the near fijture. Undoubtedly, the Shed has become a well known, valued part of our local community. Building on its reputation as a bright, comfortable, competitively priced community space, the awar¢ness and use ofihe facility has grown steadily. That said, we still have capacity for further use of the workshop, studio, socia.l Mrea and kitchen and the trustccs continue to encourage new users, in furtherance of their aims to:. Combat rural isolation loneliness and promote good mental health. Provide a creative space to moke and repair things. Enable the teaching and acquisition of pr3ctical skills. Provide a comfortable space lo relax and meet people in a truly community space. However, we must recognise that Ihe k¢y ingredient of our success has been and remains the enthusiasm and willingness of our active members to give their time and expertise. We have no employees and are completely dependenl on volunteer5 who are only involved because for myriad of different reasons, they want to be. And yeL we often rely on their contribution beyond their particular interesls. What can be described as'janitorial" duties or dealing with customcrs, issues are probably not what drew them to shed in the first place but nonetheless are essential for the smooth running of the Community Shed. Our mosl Significant challenge is to renew and sustain thi5 willingnes5 into future generations. That is a tough challen8e and one that that will never be completely solved but in the meantime, I would like to cxpres5 my sincere apprccialion and thanks to all those that have contributed to our success over th¢ past year. These contributions come in so many foms and from so many dircctions that they are impossible to list individually but I must specifically thank my fellow trustees who just got on with thing5 and made stuff happen over the past year as well as satisfying the fomalitie5 of rnnning a charity such as ours. l express my sincere thanks to the Trustees and all of our active members. , 2c22S-
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Aboyne & District Men's Shed SC047036
Payment and Receipt Account to 1 [st] Jan to 31 [st] December 2024
Income Current Previous % change
2024 2023
Rent 14,590.79 16,651.17 -12
Asset sales 2,468.08 5,144.27 -52
Attendance/games cash 3,271.22 1,955.51 67
Donations 370.48 1,024.96 -64
Commissions 265.00 1,912.03 -86
FIT payments 322.38 527.67 -39
Grants 0.00 14,490.00 -100
21,287.95 41,705.61 -49
Payments
Electricity DD -1,550.49 -2,144.72 -28
Accountancy DD -180.00 -172.80 4
Phones/Comms DD -1,541.58 -1,937.54 -20
Building Maintenance -1,073.39 -939.56 14
Cleaning -953.12 -1,126.54 -15
Water & Sewage -429.80 -245.00 75
Subs, Licences & insurance -2,070.94 -1,972.75 5
Equip, Tools & Mtls -3,530.83 -5,643.74 -37
MDCT office support -2,322.00 -3,420.00 -32
Bldg & site Improvements -14,866.10 -1,807.02 723
-28,518.25 -19,409.67 47
Change on year -7,230.30 22,295.94
Balance brought forward 39,095.04 16,799.10
Balance Sheet at 31 [st] December 31,864.74 39,095.04
Represented by Bank Balance 31,864.74 39,095.04
On behalf of the committee
Treasurer Date 22/02/2025
Chairman
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2024 Treasurers Note to Accounts
This note covers the eighth year, from the 1[st ] of January to 31[st] of December 2024. since Aboyne and District Men’s Shed was incorporated as a Charity.
The Charity continues to operate at a surplus. Excluding restricted funding expenditure (Powerwall), the overall operating surplus was £ 3,980.90.
Foot fall was up 8% while room let hours marginally increased by 1% to 1853 hours.
No grants were received, one is pending payment from AVA for ‘Fly Cup’ group.
Room rental remains the main source of income followed by donated asset sales, attendance donations and Aboyne Highland Games stall returns.
Continuing the drive for energy efficiency saw installation of a Tesla powerwall in February. 10 months of operation yielded a cost saving of £460. The accompanying Tesla app indicated the solar PV panels were not optimally connected. This was confirmed by real time inverter monitoring. A PV array rewire was conducted in June to increase the inverter power output.
The Shed continued as a net grid exporter. For 2024 this was 1.2MWh of the 6.8 generated. Net zero grid demand occurred on 177 days. The OVO RPI adjusted Feed-in Tariff (FIT) terms were unchanged by the battery installation.
Main workshop expenditure was the purchase and installation of a wood turning lathe, two off dust extraction/air cleansing systems, a morticer and chop saw.
Site improvements were tarring the lower disabled parking area and escape paths. A router upgrade and user segregation were also carried out.
Other significant outgoings were office support, insurance, telecoms, and electricity.
Surplus funds go to reserve – see reserves policy.
The Trustees are again grateful to for maintaining a high standard of Shed cleanliness, much appreciated by the user groups. Not employing a commercial cleaner continues to make a significant cost saving.
The long-term agreement with MDCT for weekday morning use of the office while providing some charity administrative support, continued. Responding to a substantial increase in MDCT sub-groups meetings, an additional heating and cleaning charge was agreed.
Selection of user groups was guided by the Charity’s main purpose of reducing rural social isolation by supporting local community groups, particularly those targeting the elderly.
Of the nineteen 2024 user groups, four are registered Charities, five promote health/wellbeing, two promote art, four are sports/pastimes clubs and four are local village volunteering groups.
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Direct debit mandates are in place for electricity (British Gas), accounting software (Sage), sanitary waste disposal (Cathedral Hygiene), wireless broadband/phone services (BT), and TV licence (BBC).
The Charity terminated the lease on the Golf Road garage from Aberdeenshire Council. Despite enjoying full 100% rate relief from Aberdeenshire Council there is an ongoing dispute with Wave regarding a retrospective levied water rate bill. The dispute is unsettled.
Assets and 2023 insurance valuation
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The Aboyne and Mid Deeside Community Shed - £638,048
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Upper floor furniture, kitchen utensils, crockery and cutlery, IT equipment, fire, and intruder protection, 3 X containers, all workshop located equipment. -£10,390.
For administration purposes the charity is subdivided into two departments,
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The Aboyne and District Men’s Shed: (AMS)
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The Aboyne and Mid-Deeside Community Shed: (ACS)
Department Analysis
| Depart ment |
Notional Opening Balance £ |
Notional Opening Balance £ |
Notional Closing Balance £ |
Notional Closing Balance £ |
Difference | Difference | Note |
|---|---|---|---|---|---|---|---|
| 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | ||
| AMS | 7,414.60 | 13,162.85 | 13,162.85 | 13,605.22 | 5,748.25 | 442.37 | |
| ACS | 9,384.50 | 25,932.19 | 25,932.19 | 18,259.52 | 16,547.69 | -7672.67 | 2023 awarded battery grant spent in 2024 |
ACS 2024 operating surplus was £3,538.53. AMS had a small surplus of 442.37.
A single set of charity accounts has been produced for this 2024 AGM and OSCR submission.
Petty cash held by AMS is not included in above figures.
Men’s Shed petty cash account operates for minor purchases and payments associated with the Men’s Shed workshop activity. The 2024 opening balance was 312.36. inflow from commissions and attendance donations totalled £2619.53, of this £1452.50 was banked, and 1215.24 made in payments leaving £264.15 held in cash at the end of 2024.
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Reserves Policy
The Trustees declared that the charity would retain a notional reserve between the limits of oneand two-years’ operating cost. In December, the Trustees set the notional reserve for 2025 at £12,000.
Signed
Date: 13[th] January 2025
Treasurer Aboyne and District Men’s Shed SCIO # 047036
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Examiner’s unqualified report for a non-company charity preparing receipts and payments accounts
Independent Examiner’s Report to the Trustees of Aboyne & District Men’s Shed
| report on the accounts of the charity for the year ended 31st December 2024, which are set out on page 2.
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. The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the 2006 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 independent examiner’s statement
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations.
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 seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention, which gives me reasonable cause to believe that in any material respect the requirements:
- e to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations
¢ to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met.
a
Relevant Professional qualification/ professional body: Dip APFS.
Address: ~~is~~ Date: 10 February 2025
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ABOYNE and DISTRICT MEN’S SHED (Scottish Charity $CO47036)
Statement of Accounts for year ended 31st Dec 2024
| RECEIPTS | |||
|---|---|---|---|
| Previous year | Current Year | ||
| £1,025 £14,490 |
Donations Grants |
£370 £0 |
|
| £1,912 £1,955 |
Commissions Attendance/Games |
£265 £3,271 |
|
| £528 | FITpayments | £322 | |
| £16,651 | Rent | £14,591 | |
| £5,144 | Asset Sales | £2,468 | |
| £41,705 | £21,287 | ||
| PAYMENTS | |||
| Previous year | Current Year | ||
| * | £2,144 £173 |
Electricity Accountancy |
£1,550 £180 |
| £1,937 | Phones/Comms | £1,541 | |
| £940 £1,126 |
BuildingMaintenance Cleaning |
£1,073 £953 |
|
| £245 | Water/Sewage | £430 | |
| £1,973 £5,643 £3,420 £1,807 £24,933 |
Subs, Licences, Insurance Equipment and Tools MDCT Officesupport Building/site improvements |
£2,071 £3,531 £2,322 £14,866 £19,409 |
|
| £6,131 | SURPLUS/(DEFICIT) FOR YEAR | £22,296 | |
| STATEMENT OFAFFAIRS | |||
| Previous year | Current Year | ||
| £10,668 £6,131 |
Balancebroughtforward Surplus/(Deficit) foryear |
£16,799 £22,296 |
|
| £16,799 | £39,095 | ||
| Representedby - | |||
| £16,799 | ClydesdaleBank | £39,095 |
Report by Independent Examiner
The above Accounts were prepared from the Books and Records of the Aboyne and District Men’s Shed and are in accordance therewith. There are no matters arising that need to be reported to Members or the Regulators. aees
The above Accounts were approved at the AGM of the Aboyne and District Men’s Shed held in Aboyne on
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