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← Alloa Community Shed

2025-09-30-accounts

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ALLOA
COMMUNITY
SHED
MEN’S SHED
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Alloa Community Shed Trustees’ Annual Report & Statement of Accounts Year Ending: 30th September 2025

Charity Number: $C048701

The Trustees of Alloa Community Shed have pleasure in presenting their Annual Report and Statement of Financial Activities for the year ended 30th September 2025.

Charity Details

Charity
Name		 Alloa Community Shed
[CharityNumber SC048701
Unit 5
RegisteredAddress 6Ward street
Alloa
FK10 1ER
[Email ——“‘SSCC C(fvmenshed@gmailicom6006
07594 440868
ScottishCharitableIncorporated

Trustees

Summary of Impact

During the year, our charity underwent a major period of development and change, marking an important step forward in securing a sustainable future for our organisation and the wider community we serve. Formerly known as Forth Valley Men's Shed, we changed our name to Alloa Community Shed to better reflect our wider role within the local community and our inclusive approach.

A key achievement during the year was the successful progress of our asset transfer, which was approved by the local council on 1 May 2025. This represented a significant milestone and the culmination of substantial work by trustees and volunteers to secure a permanent base for our activities. Following this, an application was made to the Scottish Land Fund to support the purchase of new premises, which will provide long-term stability and allow us to expand our services.

Alongside these developments, the charity updated its constitution to reflect its new name and direction. These governance changes have strengthened the organisation and ensured that it is better positioned to meet future needs.

Throughout this period, we continued to deliver meaningful support to members and the wider community by reducing social isolation, improving wellbeing, and creating opportunities for participation and social connection. The progress made this year has laid strong foundations for future growth.

Open Day Event - community engagement and outreach

Structure, Governance and Management

Alloa Community Shed is a Scottish Charitable Incorporated Organisation (SCIO). The charity is governed by its constitution, which was updated during the year to reflect the change of name and the evolving direction of the organisation.

The charity is managed by a Board of Trustees, who are responsible for governance, strategic direction and financial oversight. Trustees are appointed in line with the constitution and are drawn from the membership and wider community.

The Board meets regularly to oversee the charity's activities, monitor progress, and ensure that it operates in line with its charitable purposes. Day-to-day activities are supported by volunteers, with trustees also taking an active role in the running and development of the organisation.

During the year, trustees led significant work relating to the asset transfer process, engagement with the local authority, and the submission of an application to the Scottish Land Fund. They also oversaw the transition from Forth Valley Men's Shed to Alloa Community Shed.

The charity maintains appropriate financial controls and procedures to ensure that funds are managed responsibly and in line with OSCR requirements.

Trustee Recruitment, Appointment and Induction During the year, Alloa Community Shed has taken active steps to strengthen its Board by recruiting trustees with a range of relevant skills and experience. Recruitment is carried out through an open and transparent process, including public calls for applications.

Prospective trustees are invited to attend an informal discussion and, where appropriate, a formal interview with existing trustees to assess their suitability and alignment with the charity's values and objectives. The charity also welcomes recommendations from partner organisations and stakeholders to help identify individuals with expertise in key areas such as finance, community engagement, governance and project management.

The appointment of trustees is the responsibility of the Board. No external organisation has the authority to appoint trustees, ensuring that all appointments are made in line with the charity's governing document and charitable purposes.

The Board recognises the importance of diversity in strengthening decisionmaking and overall effectiveness. Efforts have been made to recruit trustees from a wide range of backgrounds, experiences and perspectives, supporting a more inclusive and representative governance structure.

All newly appointed trustees undergo an induction process designed to ensure they understand their roles and responsibilities, as well as the work and governance of the charity. This includes being provided with key documents such as the governing document, recent financial information, policies and guidance on trustee duties.

The charity is committed to the ongoing development of its trustees. Board members are encouraged to undertake relevant training and to keep up to date with good practice in charity governance.

Objectives and Activities

The charity aims to advance health and wellbeing by providing a safe and supportive space where individuals can engage in meaningful activities, share skills, and reduce social isolation.

This is achieved through:

Activities, Achievements and Performance During the year, Alloa Community Shed continued to grow its presence within the local community and expand its activities, while undergoing a significant period of transition.

The Shed has provided a welcoming and inclusive environment for members, many of whom benefit from improved wellbeing and reduced social isolation through regular participation.

The organisation strengthened partnerships with local agencies, including work with schools and community groups, supporting intergenerational learning and engagement. The Shed also contributed to community events and initiatives, helping to raise its profile and promote the benefits of social connection and shared activity.

Key achievements during the year include:

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Marshill House - proposed permanent premises

Financial Review

The charity continues to operate on a sound financial basis, with income generated through grants, fundraising activities and community engagement.

Funds have been used to support the delivery of activities, operational costs including rent and utilities, and the ongoing development of the organisation.

The Trustees continue to monitor income and expenditure closely to ensure the financial stability of the charity, particularly in light of plans to secure permanent premises.

The Statement of Accounts should be inserted following this report of full submission.

Reserves Policy

The Trustees recognise the importance of maintaining appropriate reserves to ensure the financial stability and sustainability of the charity.

The charity aims to maintain a level of unrestricted reserves sufficient to cover approximately 3 to 6 months of core operating costs, including rent, utilities and essential running costs.

This level of reserves will allow the charity to manage unexpected reductions in income, meet ongoing financial commitments, and ensure continuity of services.

The level of reserves is reviewed regularly by the Trustees to ensure it remains appropriate to the size, activities and future plans of the organisation.

Plans for the Future

Declaration

The Trustees declare that they have approved this report and confirm that it complies with the requirements of OSCR.

Signed: K Ge

Kenneth Quinn

Chairman

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