Forfar & Districte e Men’s5 Shed SCIO
TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS
For the period 1°‘ September 2024-31" August 2025
Scottish Charitable Incorporated Organisation SC047622
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Forfar & District Men’s Shed SCIO Annual Report & Financial Statements For the period 1st September 2024 to 31‘ August 2025
CONTENTS PAGE
| Index | Page |
|---|---|
| Trustee Annual Report | 2-5 |
| Independent Examiners Report | 6 |
| StatementofReceipts and Payments | 7 |
| Statement ofBalances | 8 |
| Notes | 9-12 |
Page 1
Forfar & District Men’s Shed SCIO Annual Report & Financial Statements For the period Ist September 2024 to 31° August 2025
TRUSTEES’ ANNUAL REPORT
The trustees are pleased to present their report and financial statements together with the independent examiners report for the period ended 31% August 2025.
Charity Name
Forfar & District Men’s Shed SCIO
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Charity Number $C047622
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Principal Address
Current Trustees
Committee positions (not Trustees)
Others during the period
Independent Examiner
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Forfar & District Men’s Shed SCIO Annual Report & Financial Statements For the period 1st September 2024 to 31** August 2025
TRUSTEES’ ANNUAL REPORT
STRUCTURE GOVERNANCE AND MANAGEMENT
Governing Document
Forfar & District Men’s Shed is a Scottish Charitable Incorporated Organisation (SCIO) and it was registered as a charity from 3 August 2017. Forfar & District Men’s Shed have a constitution in place for the running of the charity.
Appointment of Trustees
Trustees are recruited at the Annual General Meeting. The office bearers are elected at the Annual General Meeting, Trustees can be coopted throughout the year. Any Trustee completing three consecutive years must retire from office and be re-elected at the Annual General Meeting.
The board of Trustees meet often to review all aspects of the charity’s affairs.
Organisation Structure
The trustees are responsible for the strategic direction and governance of the charity.
There are many volunteers who help with the ongoing tasks of the charity.
OBJECTIVES & ACTIVITIES
The purpose of the charity is to provide recreational facilities and advance social needs, health and wellbeing of men of all ages and backgrounds living in Forfar 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 Forfar 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 t their physical and mental well-being. d) Developing the capacity of men in the Forfar area to share their skills and knowledge with others in the community.
ACHIEVEMENTSIt has yet again been a& busyPERFORMANCEyear for the Forfar Men’s Shed with various projects undertaken we are assisting schools, community groups and Individuals with our skills. Below you will see a list of the completed projects for the year.
We hada visitfoo the Scottish Men’s Shed Association in June . We had sought some grants throughout the year successful Grants provided were Barrack Charitable Trust, Lottery Community Fund and Tesco Bags of Help(75% provided until completion of spend).
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Page 3
Forfar & District Men’s Shed SCIO Annual Report & Financial Statements For the period 1st September 2024 to 31‘ August 2025
TRUSTEES’ ANNUAL REPORT
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Achievement & Performance cont’d
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Projects completed are:
September 2024: eight rectangular and three small planters for East & Old Church Parish; rabbit feeder box, roll around tool cart for the Shed, painted the hall walls and the shop floor. Oct 2024: Received and installed a small gate sign from fF refurbished Kirriemuir Scouts bench, rabbit feeder box, two planter boxes.
Nov 2024: Newly acquired tattie boxes were cut in half, two planter boxes sold, garden seat repaired, large mud kitchen and presentation platform for Strathmore Primary school, planter box witha tall screen, removed church panels from Saint Margarets Church.
Dec 2024: cut the 6 new tattie boxes in half for planter boxes, received compost from the Council, suggestion box for the Council, stand for a make-up mirror.
Jan 2025: Table and two garden chairs, resurfacing of the lane to the Shed. Mar 2025: received wood chips from the Council, large mud kitchen for Andover Primary in Brechin, sold a bandsaw to the Forfar Rotary Club.
May 2025: trellis for a member, hedgehog box.
June 2025: wood chips added to the garden, one of three planter box covers completed, second presentation stand for Strathmore Primary school, Presentation Box for Carnoustie Golf Club, hedgehog box.
Jul 2025: installation of the meteorological station, book library shelving at Andover Primary School in Brechin, glass table, garden bench refurbishment, six garage doors built for Forfar Open Garden, child’s garden bench refurbishment.
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Many stalls at events were set up and items sold to the public.
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Page 4
Forfar & District Men’s Shed SCIO Annual Report & Financial Statements For the period Ist September 2024 to 31 August 2025
TRUSTEES’ ANNUAL REPORT
FINANCIAL REVIEW
Overview
The results for the period are set out in the attached accounts. The total income for the year was £29,953 (2024 £13,677). The total expenditure was £29,564 (2024 £13,262). The results show a surplus of £389 (2024 surplus £415). Leaving unrestricted funds of £12,279 and restricted funds of £nil total funds remaining are £12,279.
RESERVES POLICY
The Board of Trustees has adopted a reserves policy which ensures the charity’s continued ability to meet its objectives.
APPROVAL
This report was approved by the trustees on the 16" of September 2025 and signed on their behalf by:
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[6G 2S
Date
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Forfar & District Men’s Shed SCIO — SC047622
Page 5
Forfar & District Men’s Shed SCIO - SC047622
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
I report on the accounts of the charity for the period 1*' September 2024 to 31‘ August 2025 which are set out on pages 7-12.
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 Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity Trustees consider that the audit requirement of the Regulation 10(1) (d) 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 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 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 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 I do not express and 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
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Which gives me reasonable cause to believe that in any material respect the following requirements have not been met: - To keep accounting records in accordance with Section44 (1) (a) or the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and - To prepare accounts with accord with the accounting record and comply with Regulation 9 of the 2006 Accounts Regulations.
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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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LG loal 21S Date ofsigning
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Forfar & District Men’s Shed SCIO Annual Report & Financial Statements For the period 1st September 2024 to 31*' August 2025
STATEMENT OF RECEIPTS & PAYMENTS
| 2025 | 2025 | 2025 | 2024 | ||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Unrestricted | Restricted | Total | Total | ||
| Receipts | |||||
| Donations | 4,586 | 0 | 4,586 | 5,361 | |
| Grants Trading |
1,125 6,322 |
17,640 0 |
18,765 6,322 |
2,869 5447 |
|
| Fundraising | 280 | 0 | 280 | 0 | |
| TOTAL RECEIPTS | 12,313 | 17,640 | 29,953 | 13,677 | |
| Payments | |||||
| Charitable Activities | 10,513 | 17,640 | 28,153 | 10,814 | |
| Trading | 1,211 | 0 | 1,211 | 2,248 | |
| Governance | |||||
| IE | 200 | 0 | 200 | 200 | |
| TOTALPAYMENTS | 11,924 | 17,640 | 29,564 | 13,262 | |
| Surplus/Deficitforperiod | 389 | 0 | 389 | 415 |
Page 7
Forfar & District Men’s Shed SCIO Annual Report & Financial Statements For the period 1st September 2024 to 31 August 2025
STATEMENT OF BALANCES
| 2025 | 2025 | 2025 | 2024 | |||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| Unrestricted | Restricted | Total | Total | |||
| OpeningAssets | ||||||
| Balance as at 01 Sept | 11,890 | 0 | 11,890 | 11,475 | ||
| Surplus/Deficit | , | 389 | 0 | 389 | 415 | |
| 12,279 | 0 | 12,279 | 11,890 | |||
| 2025 | 2024 | |||||
| Assets | Original cost | Dep2025 | Value | Value | ||
| Assets (including donated) | Main | 27,675 | 1,567 | 10,081 | 8,542 | |
| Bank Balance as at 31 Aug | 2,198 | 3,348 | ||||
| 27,675 | 1,567 | 12,279 | 11,890 | |||
| Liabilities | ||||||
| Independent Examination Fee | 200 | 0 | 200 | 200 | ||
| 200 | 0 | 200, | 200 |
These accounts were approved by the Trustees on the 16" of September 2025 and signed on their behalf by:
Forfar & District Men’s Shed SCIO —SC047622
Page 8
Forfar & District Men’s Shed SCIO Annual Report & Financial Statements For the period 1st September 2024 to 31“ August 2025
NOTES TO THE ACCOUNTS
1. Basis of Preparation
These accounts have been prepared on the Receipts and Payments basis in accordance with:
- a) The Charities & Trustees Investment (Scotland) Act 2005 b) The Charities Accounts (Scotland) Regulations 2006 (as amended).
2. Fund Accounting
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a) Unrestricted funds are those that may be used at the discretion of the committee in furtherance of the objects of the charity.
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b) Restricted funds are those that may only be used for specific purposes. Restrictions arise when specified by the donor, or when funds are raised for a specific purposes.
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c) Any purposes are set out below in the further notes
3. Taxation
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a) The charity is not liable to corporation tax or capital gains tax on its charitable activities
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b) The charity is not registered for VAT, thus all costs are shown inclusive of VAT charged.
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Transactions with trustees and related parties
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a) No remuneration was paid to trustees or any persons connected with them during the year (2024-2025:£nil)
b) No travelling expenses were reimbursed to trustees this year or last annual period.
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Forfar & District Men’s Shed SCIO Annual Report & Financial Statements For the period 1st September 2024 to 31“ August 2025
NOTES TO THE ACCOUNTS cont’d
1. Donations
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|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Total|
|Funds|Funds|2025|2024|
|Members|Donations|195|0|195|345|
|Orchardbank|Donations|0|0|0|180|
|Glamis|Lodge|0|0|0|300|
|Anonymous|donations|575|0|575|435|
|Donated|Assets|-|Tools|3,816|0|3,816|4,101|
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4,586 0 4,586 5,361
2. Grants
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|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Total|
|Funds|Funds|2025|2024|
|Asda|Foundation|0|0|0|500|
|Coop|Local|Community|Fund|0|0|0|2,369|
|Barrack|Charitable|Trust|0|4,500|4,500|0|
|Lottery|Community|Fund|0|13,140|13,140|0|
|Tesco|Groundworks|1,125|0|1,125|0|
|1LE25|17,640|18,765|2,869|
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Page 10
Forfar & District Men’s Shed SCIO Annual Report & Financial Statements For the period 1st September 2024 to 31‘ August 2025
NOTES TO THE ACCOUNTS cont’d
| 3. CostofCharitable Activities |
Unrestricted | Restricted | Total | Total |
|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | |
| Project Tools | 366 | 0 | 366 | 701 |
| Subscriptions | 25 | 0 | 25 | 0 |
| Insurance | 432 | 0 | 432 | 384 |
| Depreciation ofAssets | 2,853 | 0 | 2,853 | 3,494 |
| Premises/Operating costs | L227 | 1,176 | 2,903 | 2,356 |
| Rent | 100 | 0 | 100 | 100 |
| Utilities | 2,186 | 0 | 2,186 | 3,554 |
| Miscellaneous | 364 | 0 | 364 | 225 |
| RoofRepair Improvement | 2,460 | 13,140 | 15,600 | 0 |
| Roll-updoorImprovement | 0 | 3,324 | 3,324 | 0 |
| 10,513 | 17,640 | 28,153 | 10,814 |
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Forfar & District Men’s Shed SCIO Annual Report & Financial Statements For the period 1st September 2024 to 31*t August 2025
NOTES TO THE ACCOUNTS cont’d
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Movement in Funds
As at As at
01/09/2024 Receipts Payments 31/08/2025
g £ A £
Unrestricted Funds
General fund 11,890 12,313 11,924 12,279
11,890 12,313 11,294 12,279
Restricted Funds 0 17,640 17,640 0
All restricted funds 0 17,640 17,640 0
Total Funds 11,890 29,953 29,564 12,279
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Purpose of Funds
General Fund Unrestricted funds for any charitable purpose Restricted Fund Restricted fund for restricted spending whether from Funder or fundraising
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