cIJLTE+ CULTER & DISTRICT MEN'S SHED SC047990 ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" DECEMBER 2025 OSCR oiidi Ri%u4110'. Retysiered SCIO SUMMARY OF REFERENCE ANDADMINISTRATIVE INFORMATION: Charlty Name: Culter & District Men's Shed Charity Number SC047990 Financlal Year coverod: 1" Januaryto 31*1 December 2025 Prlnclpal Address: 6 Bucklerburn Wynd. Peterculter AB14 ORS Current Trusteos: Paul Bothamley Michaelconnon Mi¢haelGray James Greig Michael Hedges Graham James Aidan Mulkerrin Colin Nicol Manmohan Sangr8 Vice-chairman Treasurer Chairman Secretary Other Trustees durlngthe flnan¢lal yo8r reported but who have slnce rotlred: Robert Bell. George (Malcolm) Sharp and Erik Stien. Governlng Document: Constitulion approved on 8" December 2017. Amendments thereto approved on 16" March 2021. ObJectlve8: The purpose of the organisation is to provide local workshop and recreational facilities in order to advance the social needs. health, wellbeing and skills of adult men of all backgrounds livingin Culter and neighbouring areas. By: al Creatin& developingand maintaininga dedicated meeting facility, namely a Men's Shed. b) Offeringopportunities for men in the Culter area to meet and cooperate to undertake creative, Physical. social, purposeful and recreational activities of their choice in a safe and friendly environment. cl Reducing isolation of men in the area thus contributingto their physical and mental wellbeing. dl Developingthe capacityof men in Culter & Districtto share the benefit oftheirskills and knovrfLedge with fellow Shed members and others in the community. STRUCTURE, GOVERNANCEAND MANAGEMENT: Culter & District Men's Shed ICDMSI was founded and constituted in 2017 as a Scottish Charitable Incorporated Organisation ISCIOI. tt is regulated by the Office of the Scottish Charities Regulator IOSCRI. It owns premises within a fenced compound at The Bush. Peterculter AB14 OUX. The main premises comprise a postwar modular building {a form8r Army Cadet hut) supported on subfrarnes and 8n old 40ft container used as a I￿rkshOp I store. Membership is open to adult men following an intr(KJuctory visit. subject to Trustee conftrmatlon that the Intending member has been properly briefed on his responsibilities when attending the Shed and has formally signed to confirm his understanding and acceptance of the safety procedures 8nd behavioural requirements le.g. no alcohol) whilst on site. It is free ot charge to join and free of charge to attend. Membership continues automatically from year to year. The organi88tion is m8naged tythe Board of Trustees. all of whom must be members of the Shed. They 8r8 elected to serve a 3-year term ty the members at the AGM. which is usually held in May for the previous Calendar land financiall year. Any member ol the Shed may stand for election. Subject to a maximum 0111 Trustees. the Board can co- opt any member to join the Board as an additional ￿ replacement Trustee until the next AGM. 8t which they can stand lor election. The Board is responsible for ensuiin8th8t the Shed op8r8tes on o safe and orderly basls wlth 8 Flrst Alder present at every sess•on and with the necessary insurances In place to cover any Incldents and Third Party or Public iiabilitigs. The Board meets tormally each quarter laddition811y 85 n88dad} to review actNlties, pertormance and finances. and to plan ftrture operations and activities. CDMS is a member of the Scottish Men's Shed Association ISMS418nd has b88n actively partlcipating in SMSA network meetings around the northeast. CDMS is 8Lso 8 member of the UK Men's Shed Assoclation IUKMSAI. ACHIEVEMENTS AND PERFORMANCE IN 2025: In the first full year ot operation. the new solar panel I battery System generated total power equiv81ent to 94% of our metered electricrty consumption. Our annual electricity charges were 63% lowerthan the previous reporting year. We have been very busy across the varlous 8Ctivty groups. which include machinery maintenance & repair. V￿￿dW0fklng. y￿00tum1ng. music. gardening. photography and most recently L8ser engraving and ITI website upgr8des. Woodworking actNty for the communrty- repairs and refinishing as well as making naw items - has continued and has brought in modest l)ut ste8dy revenue to defray the operating costs of the Shed. Several Ioc81 schools hwe benefitted from our help Y￿e of charge: o A mobile library cabinet for Culter Primary Sch￿( o A mud kitchen for each ol Culter Primary and Cults Primary Schools Extensive repair and rebuild of an outside equipment shed for Milltimber Primary School {purchased ty the PTA and inttially erected by parent volunteers) v4hich was demolished by a wtnter storm just a few￿kS later. As a'labour of love., work is in hand on an Aberdeen-brended but heavily corroded antique cast iron mangie to convert rt into a manu81 printing press. Design and fabrication of new steel rollers and a new print plarform is progressing well and it is hoped the project will be complete by mid-2026. A buyer is already watting for it. We purchased 8 new18ser engraving machine. which has generated a lot of member Interest. Therè is much to leam. We hope to use itto make vaiious items for Sale. such as coasters. table mats and hopefully house name plates. Attendance at the Saturday car boot sale at BA Stores {near Lyne of Skenel wlth a trailer load of Surplus items yielded a worthwhile cash boost to Shed funds. We had a total of 69 Registered Members at year end with a steady average ot 35 to 45 'working' Shed attendances per v4eek across the drfferent 8CtFvities. Some members attend two or more times each week. We plan to increase membership 89 and when we have the space and facilities. Although our'socl81' 8108 13 currently adequate. the existing main workshop area within the Shed is knmited to 6 men v￿rknng 8t any one time. Furthermore the limited loadbearing capacity of the suspended floor means that we can install only woodworkin8 machines. We are unable to have ary engineering machines. Given these significant constraints in terms of space and floor108ding capaclty. we plan to expand ty replacing the old 40ft vL)rkshop I storage container with a new steel- framed Workshop Annex properly founded on a concrete $18b. We obtaln8d planning permission for this ty September 2025 and at year end it was expected that the Building Warrant should be obtained ty March 2026. We shall be 8pplyln8 for fundingthereaftèr. Hov￿Ver to approach potential funding bodies we need Iwo quotations tor each major phase of the work. It is proving difficult to obtain these on a timely b8$is- surtable contr8Ctors are busy- but W￿ sh811 persevere until we succeed. Totsl cost of Ihe Workshop Annex Project will be approximately £50.000. FINANCIAL SUMMARY: Expendltur•: Notable expenses for the year included £2731 in preparing and submitting (with architect's assistance) the Planning Application tor ourwotkshop Annex Project, which was granted. The subsequent application forthe Building Warrant wiu require some furth8r expense in 2026. with project approval targetod for around er)d Q1. Electriclty costs were £635. reduced from £1750 in 2024 following the successful installation of solar panels and air-to-air heating/ cooling systems. Significant online research and 8 change of brokers yielded better insurance cover at a cost of £1069. reduced trom £1194 in 2024. £1618 w8s spent on workshop rnateri81swhichtogetherwith re-used materials alre8dyto hand were utilised to repair various customef Items or rnake new items. Income Workshop activities generated overall income of £8360. This was 8 30¢16 reduction of such income compared to 2024. when we had undertaken signiticant refurbishment projects for Sport Aberdeen Ibenchesl and CamphillTrust Ifurniturel and made replacement mink'traps'for the Dee River Trust. In addition. a tot81 of £1197 was received in donations and £308 was earned in bank account interest. D•flclt Overall there was 8 deficit 01 £2243 for the year compared with 8 surplu8 of £368 for the previous year. The defi¢it on Re$tri¢ted Funds arises from expenditure from unused funds received prior to 11112025. The delicii on Unrestricted Funds is detailed in the attached accounts. The vehicle expenses shown 8re a non-recurring item, but for which there would have been an Unrestricted Funds surplus of £2009. Funds At the end of 2025 funds totelled just under £20.992 of which £21 O remains resiricted. R•8•rye• Poucy The ch8rity will maintain free reserves of not less than £10,000 or 120% of Its core operating expenditure for th8 2 previous reportingyears. whichever is the greater. Items paid for from restricted reserves are not to be included in this calculation. APPROVAL: I confirm that the above reports and accompanying accounts were approved by the Trustees on 23, July 2026 and are signed on their behalf. rtL14* Michael Hedges Secretary, Culter & District Men's Shed 31" August 2026. CULTER & DISTRICT MEN'S SHED Statement of Receipts and Payments for the year ending 315t December 2025 2024 TOTAL Unrestricted Funds Restritted Funds TOTAL RECEIPTS Solar Panels & Air Source Heating Giants Sales from Shed Acknvities Culrer Gala Donation Music Group Donation5 Other Donation5 Bank Interest 27179.00 121JS.70 200.00 83K).37 8360 37 407.C 3￿•.1￿• 316.01 407.CKI 390.LKI 308.01 433.40 349.54 TOTAL RECEIPTS 9865.38 9865.38 40277.64 PAYMENTS Solar Pane15 & Air 5ourte Heatin8 Workshop Annex pre-project C95ts Shed Refurbishmènt & Impfovements Workshop Equipmeni Workshop MaterSals Other Gr0￿p$- Equipment and Materials Garden & Polytunnel Electricity Insurance WiFi & Web HO$￿n& Trainin8, Health & Safety Vehicle Expenses Social & Meetin85 Sundry Repairs/Maintenance Miscellaneous Expenses 28626.63 743.54 1988.26 2731.80 2498.20 217.97 2098.93 568.96 562.38 1749.34 1194.44 326.27 1203.20 1486.36 1664.85 123.97 25.37 635.25 1069.73 ao.21 1516.57 1664.85 123.97 25.37 63S.25 1069.73 446.05 1030.80 2234.34 106.55 378.68 144.92 1030.80 2234.34 l(kS.S5 378.68 144.92 223.64 186.93 452.69 2018.47 12108.88 39909.58 SURPLUS I- DEFICIT for year -225.03 -2018.47 .2243.50 368.06 Statement of Funds and Bank Balances at 31M December 2025 Unlestr￿ted Funds Aestri(ted Fund5 TOTAL TOTAL As at lm January 2025 Add Surplusl Subtratt Defkit for year 21tK)8.02 -225.03 2228.07 -2018.47 23236.09 -2243.50 22868.03 368.06 20782.99 209.60 20992.59 23236.09 Represented bv= TSB Currerrt kcount no. 83667 TSB Deposr( Account no. 83667468 942.45 2CQS0.14 3138.11 2W97.98 20992.59 23236.09 I cerDfy the above Statements of Receipts and Payments, Funds and Bank Balances, relative to the year ending 31￿ December 2025, are cOr￿￿1V srated in accordance with the financial records. supporrin8 documentation. receipts. information and bank statements provided to me. ZDLb APPENDIX 3 OSCR ScottLSh Chafty Regulator Independent examiner's report on the accounts Rèport to the Chaiity n8r trustee8lmembern of CULTER AND DISTRICT MEN'S SHED Reglstered charity SC 047990 number On the accounts ofthe charity for tho pfjriod Peric#J stsrt date Period end date Month Ya8r to January 2025 31st December 2025 Sel out on p8g•8 to ihe p•ge ¥h••tyi On the attached Account signed by me on 9. February 2026 Re8pectlvo The charity's trustees are resp)nsible the preparat￿ of the accounts In accordance rosponslbilities of with Ihe terms of the Charilies and Trustee Inveslmenl [S￿tIand} 2005 Act and the trustges and examiner Charities Accounts (Scotlandl RegUlat￿S 2C(J6. The chanty Iruslees consider that the audit requirement of Regulation 10111 Idl of the Accounts Regulations does not apply. 11 is my responsibility lo examine the accounts as required under section 441111¢) of the Act and to stale whether particulaT matters have come lo my attention. 84818 of Indfypendent My examination is carried tsjl in accordance wilh Regulation 11 of th& Charilles oxamIne￿5 Statement AccKJunis (Scolland) Regulations 2006. An examinalion induoes a review of the a¢￿￿n(ing records kept by the charity and a comparison of the accounts presented with Ihose records. It also includes Cons￿eratIon of any unusual items or disclosures in the aC￿unts and seeks explanal*)ns from the truslees concerning any such matters. The procedures undertaken do not provide all the evKlence that would be required in an audit and, consequently. I do not express an audit opinion on the accounts. Indep8ndent examlnerfs In the course of my examinalion. no matter has ￿rne to my attention folhep itatemont which gives reasonable cause lo believe that in any material respect the requirom8nls'. to keep accounbng recLYds in accordance with section 44{1) lal of Ihe 2005 Act and Regulation 4 of the 2006 Accounts Regulations. and lo prepare accounts acc(￿1 with the accounts'ng records and comply wllh Regulalion 9 of the 20C6 Accounts Regulations hav& not t)8en meL or 2. lo which, in my opinion. attention should t* drawn in order to enable a proper understanding of s lo be reached. Signed: Name: Rol•vant professional qualification{81 or body {if anyl- Address: 7. Cairn Road, Bieldside. Aberdeen AB15 9AL )Zk) lan William Logan LL.B., C.A., (Retired) 'Pleose ddete Ihe wvrd5 in Ihe brthts rflhy OJ aF¢*. Ilthe ￿+y. sat ¢JA IhJ88 matter8 hav8 ryjmtrto your 8ltentyon ¢)n the following pwe.