**Scone Airport Men’s Shed** Charity No: SC049847 Annual Report & Financial Statements for the year ## to 31 December 2024 ## **Scone Airport Men’s Shed (Scottish Charity Number S049847)** ## **Reference and Administrative Information** ## **Current Trustees** ## **Contact Address** Scone Airport, Scone, PH2 6PL ## **Independent Examiner** ## **Bankers** Bank of Scotland, PO Box 1000, BX2 1LB ## **Governing Document** The Association is a charitable, incorporated organisation and its purposes and administration are set out in its Constitution, which was adopted on 3 November 2019. ## **Recruitment and Appointment of Trustees** The Association’s Trustees are appointed or reappointed by the members at the Annual General Meeting. ## **Organisation Structure** times in a year, or more frequently, if required. Certain responsibilities are delegated to Committees, e.g. projects and member records. ## **Charitable Purposes** To provide recreational facilities and to advance the social needs, health and wellbeing of men of all ages and backgrounds living in Scone and surrounding areas by: - a. Creating, developing and maintaining a facility, namely a Men’s Shed. - b. O�ering opportunities for men in the Scone area to meet and undertake creative projects of their own choice. - c. Reducing isolation of men in the area, thus contributing to their physical and mental wellbeing. - d. To share skills and knowledge of men in the Scone area. Scone Airport Men’s Shed Annual Report 2024 Page 2 of 9 ## Chairman’s Report As Chairman it gives me great pleasure to report the continued progress of SAMS in 2024. Membership continues to increase with daily attendance of between 15 and 20 members per session. The Shed was opened on a Wednesday evening for a trial period, but did not prove very successful. With the high rate of attendance, we now intend to open for an additional day each week. The poly tunnel has now been erected and fully functional. Flowers and vegetables have been planted for the new season. We are also working with “Scone in Bloom” providing growing space within the poly tunnel for their plug plants. The raised beds have now been planted up with spring bulbs and flowers. The planting of 4 fruit trees enhances the outlook from the Shed. We have reorganised the machinery area of the Shed to give us more room and allow installation of dust extraction in the future. Additional electric sockets are in the process of being fitted & we are also in the advanced stages of planning and procuring material for building a disabled toilet. We continue to manufacture garden furniture, bird boxes and planters for sale. We had an extremely successful open day with proceeds of over £1000. We are holding open days again this year in April, June and October. In our community engagement programme, we have now completed building the bird hide for the new Cross Tay Road Link. with plaques commemorating our part in the building and an additional plaque for our late member “Birdbox Bob Smith” who was very active in the preservation of birds in Scone Woods. Work is now almost complete on the 1934 Identification Beacon, with a granite plinth having been delivered and a suitable location identified. We have now taken ownership of a shipping container for additional storage within the Shed which is in the process of being sanded down and painted. We continue to actively engage with local communities. Scone Airport Men’s Shed Annual Report 2024 Page 3 of 9 Financial Review The accounts for the year to 31 December 2024 show receipts of £6,069 and payments of £9,636, giving rise to a deficit of £3,567. This was expected due to a £5,000 grant from Perth & Kinross Council Community Investment Fund received in 2023 that had not been spent at the end of 2023. the purchase of some new hand tools, a wood turning lathe, a polytunnel, and associated consumables. £1,552 was received from the Co-op Community Fund. An application for further funding from the Co-op in 2025 was successful so we look forward to receiving additional funds in 2025. An open day in September was a resounding success, generating sales of £1,264. Membership numbers continued to rise with 37 paid subscriptions in the year, compared to 34 for the previous year. Details of income and expenditure are shown in the Statement of Receipts and Payments on page 7. In the year ahead we will endeavour to continue to produce saleable items, mainly woodworking, and we are actively considering the best way to achieve sales. We will also continue to seek funding from institutions who support organisations such as ours which benefit the community and look forward to receiving funding from the Co-op in Scone through their Local Community Fund. ## Treasurer Date: 2 April 2025 Scone Airport Men’s Shed Annual Report 2024 Page 4 of 9 ## Statement of Trustees’ Responsibilities appreciation of the transactions of the Association during the financial year. The Trustees are responsible for keeping proper accounting records which, on request, must reflect the financial position of the Association at that time. This must be done to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, and the Charities Accounts (Scotland) Regulations 2006. They are also responsible for safeguarding the assets of the Association and must take reasonable steps for the prevention and/or detection of fraud and other irregularities. Approved by the Trustees and signed on their behalf. ## Chairman Date: 2 April 2025 Scone Airport Men’s Shed Annual Report 2024 Page 5 of 9 ## **Respective Responsibilities of Trustees and Examiner** The Trustees are responsible for the preparation of the accounts, in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The Trustees consider that the audit requirement of Regulation 10(1) (d) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c ) of the Act and to state whether particular matters have come to my attention. ## **Basis of Independent Examiner’s Statement** My examination is conducted in accordance with Regulation 11 of the 2006 Accounts Regulations. 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 an 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: 1. which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Section 44 (1 ) (a ) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Date: 2 April 2025 Scone Airport Men’s Shed Annual Report 2024 Page 6 of 9 ## **Scone Airport Men's Shed Statement of Receipts & Payments Figures shown in £** ||Receipts
Funding
Donations & Sales
Memberships
**Total Receipts**
Payments
Insurance
Equipment
Heat & Light
Safety
Skips
Consumables|**Year to**
**31.12.24**
1,552
3,567
950|**Year to**
**31.12.23**
5,900
3,110
850| |---|---|---|---| |||**6,069**|**9,860**| ||||579
1,500
658
51
244
1,136
0
238| |||1,306|| |||3,989|| |||1,050|| |||51|| |||344|| |||2,151|| ||Servicing of Heating|601|| ||Admin/Other1|144|| ||**Total Payments**
**(Deficit)/Surplus**
Balance b/f
**Closing Balance (reconciled to bank**
**statement)**|**9,636**|**4,406**| ||||| |||**(3,567)**|**5,454**| |||8,516|3,062| |||**4,949**|**8,516**| The notes on page 9 form an integral part of these accounts. Scone Airport Men’s Shed Annual Report 2024 Page 7 of 9 **Scone Airport Men's Shed Statement of Balances for the Year Ended 31 December 2024 Figures shown in £** ## **Assets** |Equipment
Wet & Dry Extractor
Radial Arm Saw
Table Saw Base
D&M Thickness/Planer
D&M Bandsaw
D&M Accessories
JACS Router & Sander
Chop Saw
Wood Turning Equipment
D&M Pillar Drill
Pyrographer
Planer - Thicknesser & Dust
Exractor
Circular Saw
Hand Tools
Wood Turning Lathe
**Total**|288
100
50
1,120
1,450
56
1,599
540
700
547
128
1,100
400
822
1,981
**10,881**|Fixtures & Fittings
Shelving
Fire Extinguishers
Plywood
Sockets
Pulley
Plastor Bins
Ramsay Ladder
Heating System
Outside Planters
Polytunnel
**Total**|350
338
232
179
738
496
388
8,438
432
1,186| |---|---|---|---| ||||**12,777**| ||||| ||**10,881**||| ## **Liabilities** None **Total 0** The accounts were approved by the Trustees on 2 April 2025. For and on behalf of the Trustees: Chairman Treasurer Scone Airport Men’s Shed Annual Report 2024 Page 8 of 9 ## **Notes to the Accounts** ## 1 Basis of Accounting These accounts have been prepared on the receipts & payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). ## 2 Trustee Remuneration None of the Trustees received any remuneration or payment during the year. 3 Material Funding Receipts During the Year £1,552 was received from the Co-op Community Fund. 4 Movement of Funds |**Figures shown in £**
**Bank Balances**
Balance Brought Forward
Movement in the Year
Receipts
Payments
Balance Carried Forward|**Year to**
**31.12.24**
8,516
6,069
(9,636)
**4,949**|**Year to**
**31.12.23**
3,062
9,860
(4,406)
8,516| |---|---|---| Scone Airport Men’s Shed Annual Report 2024 Page 9 of 9