EYEMOtTrH MEN'S SHED SC(M0835 ANNUAL REPORT FINANCIAL STATEMENTS FOR THE YEAR E7)ED 31 JANUARY 2025 Ch&rity No. SCIM0835
EYEMOUTH MEN'S SHED CONTENTS Retx)rt of the Tntstees, Statement of Financial Acttvities Balance Sheet Notss to the Accounts Independent Examiner's Report io tneome and EndItre Account
EYEMOUTH MEN'S SHED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2025 Th¢ trustees present their report with the financial statements for the year ended 31 January 2025. CONSTITUTION Eyemouth Men's Shed is a Scottish Charitable InCoordI¢d Organisation (a SCIO). The charity was previously an unincorporated asso¢iation until Te8i5terin8 Ill Its current legal fotin (SCIO) on 3 January 2018. The assets of the uninco4)ordted assoclation carried over to th¢ SCIO on 3 January 2018. The Charity has a two-ti¢r structure and as such the trustees alld th¢ members of the charity Can vot¢ on issues of interest lo the Gharity al an AGM or EGM. The clwity's regisc¢r¢d Chlty numbtt is SC048035. TRUSTEES TTUStees are app)int&l in line with th¢ charity's constitution. The ttustees elected at the annual generdl meeting which is held each January. The must be a minimum of three and a maximum of five trustees. Th¢ tn¢e$ serving duriDg the year were as follows: PRINCIPAL OFFICE: Eycmouth Men's Shed TEDDA Wellbraes Eyemouth Bern'ickshire TD14 SET The advan¢¢ment of education. Our workshop exrtS can give instruction advice on the use of the W0shoP tools and the repair and maintenancc of tlic bic)'clcs. The advancemenl of health. Men's Shed mernlkrs often swap advice on physical 8Dd mental health ]ssS and discuss diet and fitness. The &dvan¢ement of the arts. heritage, culture or science. We have a close association with tbe Berwickshire Maritime Tn1 and many of our members have local historical knowledge. We also keep alive those old skius associat with fishin8 and FK)at buildiDg.
EYEMoirrH MEN'S SHED REPORT OF THE TRUSTEES CONT'D FOR THE YEAR ENDED 31 JANUARY 2025 The provision of recreational facilities, or th¢ or8anis2tion of recrntional activities with the object of improving the conditions of life for the persons for whom tb¢ facilities or activities are primarily intend¢d. We arrange bus trips to local at¢wtion% and we hav¢ access to a pool table which has proved very popular. The relief of those in need by reason of age. ill bealth, disability. financial hardship, or disadvantage. We have severnl meMrS with complex medical needs and mental health issues; we act as a Mual support network and often h¢lp those disadvantaged within our conllnunity. DONATED FACtLlEs AND SERVICES Donations of wood, t(M)Is. and money are often mad¢ at the sh. We also receiv¢ donations of goods and money through our Eyertlouth Men's Shed Facelxx)k page. ADDITIONAL INFORMATION The Men's Shed movement had its roots in Allstralia but has sin¢¢ spread to other countries in¢luding Scotland. In ihe Scottish Borders region, th¢r¢ are now more than ten sheds and across Scotland there are more than slxty sheds and growing. Many of those sheds are aifiliated to the SMSA (Scottish Men's Shed Association) and indirectly th¢ UK Men's Shed AsSlatiOn. We are also inteated with other local charities that we give assistance lo ond receive SUPWprt from. In particular, we hav¢ strong links with Conn¢ctlBenYickshire Youth Project. Berwickshire Maritime Trnsl Berwickshire Wheels. Splath. Eyemouth Harbow TTU5L ReTwe•L BAVS. and Eyemouth Community Trnst. REVIEW OF ACTIVITIES The results for the P¢Tiod and financial position of the charity are as shown in the annexed financial statements. A surplus for the year has incre&sed the charities Rserves by £4.616 {2024: (£1.057 reduction)) to £5,243 (2024: £627). RESERVES Our reserves should be su(ficient to maintain our workshop ou4yut and take on additional projects that may require the initial outlay of materials and transpoTtstion.
EYEMOUTH MEN'S SHED IiEPORT OF THE TRUSTEES CONTID FOR THE YEAR ENDED 31 JANUARY 2025 Trustees, responsibilitks relation to the fillan¢ial $latsmeDts The trnstees are required to prepare fmancial statements for eAch f]nancial year which give a true and fair view of the charitws fu]*ncial activities during the year a1 of its financial position at the end of the year. In preparing fmancial statements givin8 a tTue and fair view, the tsuslees should follow best actice and: select suitable accoullting tM)licies and appty them ¢onsist¢ntly. make judgements and estimates that are rv&soDable and prndenL stste whether applicable accounting standards and statements of recommended prnctice have been followed, subje¢t to ony detArtures disclosed and explained in the fll]ancial statements. and prepare the fuwi¢ial ststernents on a going concern basis unless it is inappropriate to presurnc that the charity will continue in existence. The ttustees are resw)nsible for keeping proper accounting records which disclose with reasonable curacy at any time the rmanc EK)Sition of the chaTity aDd enable tbem to ensure that tbe fmancial statem¢nts ¢ompty with the relevani le8islalion. The), are also responsible for safeguarding the assets of the ¢harity and hen¢e for taking reasonable steps for the ptei'ention and detection of fraud and oth¢r irregularities. ON BEHALF OF THE TRUSTEES:
EYEMOUTH MEN'S SHED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2025 2025 2024 Note Ib Unrestricted Restricted Total Total Incomin Te50urces Bequests, donations, and gifts Ib.3 1,702 6,702 1,891 Totsl Incomlng resources Resources expended Ib Management and administration 1511 575 2.086 2,948 Total resources expended 575 Net incoming Tesour¢es 191 Balance of funds as l Febrnary 2024 627 627 Balance of funds at 31 January 2025
EYEMOUTH MEN'S SHED BALANCE SHEET AS AT 31 JANUARY 2025 Note 2025 2024 Currellt Assets Cash at Bank 5J 794 Current lial)ili(ies Creditors Accruals 47 120 Net Assets ital rdnd Resen'es Members, Funds Unrestrictsd Funds 818 627 Restricted Total Funds The no*s on pages 8 and 9 form part of these Finallcial Staternents 07-lo-2S ApprovedbythetnLSteeson.............................
EYEMoufH MEN'S SHED NOTES TO THE FINANCIAL STATEMEiYrs FOR THE YEAR ENDED 31 JANUARY 2025 l. AccouNrtNG POLICIES The accounts have been prepared in accordance with the ternis of the Chartties and Trustee tnvestment (Scotland) Act 2005 and the Cjwities Acwunls (Scotland) Regulatiolls 2006. The principal accounting policies adopted in the preparation of the accounts are set out below. a) Accountin Convention The Financial Statements, set on pages 6 to 9, are prepared under th¢ histori[ w5t convention. b) Income and ex dire are included on a recei tsand m¢nts basis Donations and related tsx refunds are credited to the statement of financial a¢tivities in the year they are r¢¢¢ived. Interest is ac¢ount¢d for in th¢ year in which it is received. Expenditure is included on a date paid basis. c) Member's Funds Unr¢stricl¢d funds Unrestri¢ted thnds comprise those fimds which the trustees are free to use in accordance with the ¢hwitabl¢ objects. The use of these fwids has not been re5tri¢ted to a particular purpose by th¢ donor or their representatives. They are divided into General Fund and Designated fimds. General Fund The General Fund is the working fimd of th¢ Tn]st and is available for us¢ at th¢ diretIOn of the trustees for the furtherance of the charity's objectives. Desi ated Funds Designated Funds are those which have been allocated by the Trnstees for particular purposes. Restricted funds Restricted funds are fimds which have been given for porticularpurposes and projects. 2. MOVEMEwr FttNDS UnrestTiCted fidS 627 RtrICted funds Total funds 2025 627 2024 1,684 Balance at l February 2024 Surplugd¢fi¢it for th¢ year Balanc¢ at 31 January 2025
EYEMoifTH MEN'S SHED NOTES TO THE FINANCIAL STATEMENTS FOR TItE YEAR ENDED 31 JANUARY 2025 Unrestricted Restrltted 2025 2025 3.BE ESTS DONATIONS AND GIFTS Total 807 895 2024 931 960 Donations Members Subs Fundraising Admin Refunds Other 895 4. MANAGEMENT AND ADMtNISTRAIION General Premises wsts Workshop General athninistration cosls Depreciation 2025 2025 Total 2024 317 320 874 497 78 814 398 874 829 1,329 790 5. RELATED PARTY TRANSACTIONS No trustees, nor any person5 connected with them. bave received any r¢mun¢rdtion or reimbursed expenses or any other benefJÉs from the charity during the y¢ar. 6. STAFF NUMBERS AND COSTS There were no employees {2024: none). 7. TAXATION The cELarity is a r¢gist¢red charity and is exejnpt from taxation.
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS TO THE TRUSTEES OF EYEMOUTH MEY'S SHED istered Charit Nujnber SC048035 FOR THE PERIOD I FEBRUARY 2022 TO 31 JANUARY 2025 I report on the flnancial statements for the year ended 31 January 2025, which ar¢ s¢t out on pag¢s 6 to Respective responsibilities of the Trntees of the FelloiY8hip and examiuer The ¢haritv's trust¢¢s are responsible for the preparation of the accounts in accordan¢¢ with the ternis of the Charities and Trustee Investment (Swtland) Act 2¢105 atLd th¢ ChltieS AOuntS (Scotland) Regulations 2006 (as amended). The Trustees of the FelloM'.ship consider that tbe audit requirement of regulation 10(1) (d) of the 2006 Accounts Regulations does JK>t apply. It is my resy)nsibility io ¢X8mine the accounts (under section 44(1) (c) of the Act) and lo state whether matters have come to my attention. Basis of illdq>endent eig4mi*er'$ report My eXainatIOn was carried out in a¢cothc¢ with Regujation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includ¢s a revicw of the accounting records k¢pt by the charity and a comparison of the a¢¢ounts PTesenied iyith those i¢cords. It also includes consideration of any unusual items or disclosures in the accounts and seekin¥ explanations from the trustees concerning arAy such matters. The procedures undertaken do not provide all the evidellce that would be i¢quir¢d in an audit consequently, I do not cApsS an audit opinion on the view given by th¢ accounts. Independent examinees sla¢ement In the course of tny examinatioffj matter has com¢ to my att¢ntion . which gives me r¢asonable Lause to believc that in any matcrial spCct the rcquiJEments: to k¢¢p accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations. ond to preparo accounts whi¢h accord with the accounting COrdS and comply with Regulation 9 of th¢ 2006 Accounts Regul&tions hav¢ not tKen llLeL or 2. to which, in my opinion. attention should be drawn ID Onter to enable a proper underSLding of the accoiints to IK reached. Jrter CCOLinldnl 109114 Swanston Road Edinburgh EHIO 7DS Date . io
EYEMOUTH MEN'S SHED INCOME AND EXPENDrruRE ACCOU FOR THE YEAR ENDED 31 JANUARY 2025 Not¢ 2025 IDcome Donations Members Subs FutLth?ising Adtnin R¢funds Other 931 960 6.702 1,891 nditure Rent Cleaning Workshop Materials Repai & Maintenance Members Refre51nents Subscriptions Insuranc¢ Donation General Administratio 814 829 162 236 495 591 243 25 631 38 25 702 27 120 2,086 2,948 Sur eficit ror the Net Movement in Funds 4th16 {1.057) Balance Bro t FoTrvard at l Feb 2024 627 Balance Carried Forward at 31 JAttua 2025