Financial Statements for the Year ended 30th September 2025
FOR
Coldstream Men's Shed
Scottish Charity No. SC 047122
Administrative Address :
Financial Statements for the Year ended 30th September 2025 ColdstreamMen's Shed
| certify that, in accordance with accounting first principles and best practice, | have prepared the attached financial statements, from the books of record and all other relevant information as maintained by me, as Treasurer for Coldstream Men's Shed.
| also certify that these accounts present a true and fair reflection of the financial outcome of that charity's business activities in the above period.
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a Dated “GA Oerefe- 7e<>
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| certify that my examination has been carrried out in accordance with Regulatiion 11 of the Charities Accounts (Scotland) Regulations 2006. My 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 pocedures undertaken do not provide all the evidence that would be required in an audit and, consequently, | do not express an audit opinion of these accounts.
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 to keep accounting records and to prepare accounts in accordance with the relevant regulations, have not been met, or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Address:
Phone contact details:
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Financial Statements for the Year ended 30th September 2025 Coldstream Men's Shed
Profit and Loss Account
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|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Turnover (Accounts note 1)|3,925|4,736|
|Overheadsand|Expenses|
|Insurance|394|918|
|Materials|871|1,300|
|Fixtures &|Fittings|122|
|Tools & Machinery|999|
|Repairs & maintenance|224|
|Cycle|refurbishment|0|173|
|Heating and|lighting|3,137|2,112|
|Office expenses|31|
|Depreciation|1,795|
|Petrol|10|
|Catering|57|
|Defibrillator costs|784|
|Sundry Expenses|185|35|
|Total|7,288|5,858|
|Profit or|Loss for|year|«3,363|~|[9,122]|
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Financial Statements for the Year ended 30th September 2025
Coldstr :
Balance Sheet
| 2025 | 2024 | |||
|---|---|---|---|---|
| £ | £ | |||
| Tools&Machinery | 4,309 | 4,970 | ||
| Fixtures and Fittings | 1,665 | 2,220 | ||
| CurrentAssets -Bank | 11,944 | 14,399 | ||
| -Cash | 348 | 40 | ||
| -Materials stock | 300 | 12,592 | 300 | 14,739 |
| Creditors | 18,566 | 21,929 | ||
| Amountsfallingduewithinoneyear | 0 | 0 | ||
| Debtors | 0 | 0 | 0 | |
| NetCurrentAssets/Liabilities | 18,566 | 21,929 | ||
| Totalassets lesscurrent liabilities | 18,566 | 21,929 | ||
| Capital and Reserves |
||||
| Opening | 21,929 | 28,226 | ||
| Profit/L_oss forYear | -3,363 | -1,122 | ||
| Valuation basisadjustment | (SeeAccountsnote3) | 0 | -5,175 | |
| Closing | 18,566 | 21,929 |
Coldstream Men's Shed
Notes to the Accounts
1 Turnover
2025 2024 Donations 3,925 4,736 3,925 4,736 2 Donations Shop & Roger Hall 3,572 Donations 279 Tea monies 74 3,925
- 3 Valuation basis
Items of Fixtures & Fittings, and Tools & Machinery are valued on an open market basis, and reflect current year additions and disposals, with a deduction for annual depreciation.
- 4 Valuation of Stock for Sale
No valuation is included in the balance sheet for items available for sale in the shop, for the simple reason that all those items were donated, and the value of those donations cannot reliably be established until they are sold. Those sales will then be included in the accounts as a donation for the year in which the sale took place.
5 Donations of Capital items
Any items donated which are not put up for sale but used as Fixture & Fittings , or Tools & Machinery, willin future be valued on an open market basis and reflected as a shop sale at that time.
- 6 Purchases
Any purchases of individual items of Tools & Machinery or Fixtures & Fittings of more than £50 will in future only be capitalised if that item has an economic life of more than 2 years. All other purchases will be treated as a Current year expense.
- 7 Restricted Funds
After expenditure of £400 during the year, the balance at 30/9/2025 becomes £917
COLDSTREAM MEN’S SHED
Scottish Charity No. SC047122
Trustees Annual Report for the Year ended 30 September 2025
References and Administrative Information
Charity Name
Coldstream Men’s Shed
Charity No. $C047122
Address
Current Trustees
Structure, Governance and Management
Constitution
The charity is a Scottish Charitable Incorporated Organisation (SCIO). It was registered in its current legal form on 26 January 2017. Prior to this the charity was an unincorporated association but changed its legal form to a SCIO. The assets of the unincorporated association were transferred to the SCIO on 2 February 2017. it has a single tier structure and as such the trustees are the members of the charity.
Appointment of trustees
The management committee, which meets quarterly, are the charity’s trustees. Membership of the management committee is open to all members. New trustees are normally elected at
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the AGM which is held in November unless there is an exception. There must be a minimum of eight and a maximum of twelve trustees.
Affiliations
The Coldstream Men’s Shed is also an affiliated member of the Scottish Men’s Sheds Association.
Objectives and Activities
Charitable purposes
The advancement of health
The advancement of citizenship or community development The provision of recreational facilities, or the organisation of recreational activities, to improve the conditions of life for the persons for whom the facilities or activities are primarily intended.
Charitable objectives
To provide recreational facilities and advance the social needs, health, and wellbeing of men of all ages and backgrounds living in Coldstream and the surrounding areas by -
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a) creating, developing, and maintaining a facility, namely a Men’s Shed b) offering opportunities for men in the Coldstream area to meet and undertake creative, physical, purposeful, and recreational activities of their choice.
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c) reducing isolation of men in the area thus contributing to their physical and mental wellbeing
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d) developing the capacity of men in the Coldstream area to share their skills and knowledge with others in the community.
Main activities
Carpentry Lathe operating, Furniture making & restoration French polishing, Gardening Furniture. Mechanics Bicycle repair and Tool renovation Models Model making & repair, Farmyards. Dolls Houses.
Achievements
Having started with an initial membership of just four we now have forty-six registered members however the majority are not active in terms of workshop activities. Since the lifting of social distancing restrictions about fifteen members attend on a regular basis and some just came in for a chat and a bit of company. Renovating old furniture, lawnmowers and garden benches has proved to be quite lucrative for the shed. Members are still involved in making odd items on request from members of the community. Recently we made flag poles and Guards figurines for the Coldstream Civic week.
We have become the ‘go to’ place for small repairs which people cannot get done elsewhere.
Financial review
Our members are not required to pay a subscription but do give a donation for the tea and coffee we provide for them and for any personal projects. Our main income is from donations
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from the public and businesses along with donations we receive in exchange for items made or renovated by Shed members.
The balance of our funds as at 30/9/25 amounted to £11,944.00. We are registered for Gift Aid but made no claim this year.
We currently have 100% Water Rates Exemption and 100% Non-Domestic Rates Exemption for both premises at No. 40 High Street, Coldstream, and the Rodger Hall.
Reserves policy
The policy of the trustees is to retain 3 months of normal running expenses to meet commitments and any unexpected expenditure. Three months normal expenditure currently stands at about £1,800. It is anticipated that in the new budget year this will increase taking into consideration increases in insurance etc. Reserves in the funds are comfortably more than the figure for three months expenditure at present. The trustees believe this is acceptable but will continue to monitor the position.
Future expenditure
Estimated for the next year -
Insurance £450 Energy and Fuel £3500, Materials £500, Tools & Machinery £700, Repairs, Renewals & Maintenance £200, Stationery, Post & Telephone £180.
Donated facilities and services
The Shed still has the use of the premises at 40 High Street, Coldstream free of charge and the independent examiner of our accounts did not charge for his service.
With a much larger workshop at the Rodger Hall, we have received donations of office and kitchen equipment and have been able to accept many donations of tools and machinery for our own use. We have during the year again purchased several new tools and items equipment to enhance our member's capabilities.
Numerous items of furniture and equipment etc have been donated for refurbishing and supply to the public against donation.
Ray Emery conducted all the necessary PAT testing at no charge, and our loca! Co-op continues to provide tea and coffee, free of charge. 7 | theTrustees on oben \/2\and signed on their behalf by:Secretary
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