REGISTERED CHARITY NUMBER: SO051020
7
Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 June 2025 for
Cumnock & District Men's Shed
WR Accountants Bank Chambers 31 The Square Cumnock Ayrshire KAI18 LAT
Cumnock & District Men's Shed
Contents of the Financial Statements for the Year Ended 30 June 2025
==> picture [17 x 16] intentionally omitted <==
----- Start of picture text -----
a
----- End of picture text -----
Page Report of the Trustees 1 to 3 Independent Examiner's Report 4 Statement of Financial Activities =) Balance Sheet 6 Notes to the Financial Statements 7 to 12 Detailed Statement of Financial Activities 13
==> picture [16 x 17] intentionally omitted <==
----- Start of picture text -----
@
----- End of picture text -----
Cumnock & District Men's Shed
;
ee
Report of the Trustees for the Year Ended 30 June 2025
The trustees present their report with the financial statements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practite applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective | January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims The charity's objective is to create, develop and maintain a facility based on a Community Shed model for the benefit of the community in Cumnock and the surrounding area. A key focus of the organisation is the development of the community asset at 39 Barrhill Road, Cumnock, acquired through Community Asset Transfer from East Ayrshire Council in April 2022. While the charity's name historically suggested support primarily for men, the Board of Trustees formally amended the Constitution last year to reflect a fully inclusive membership model. The creative space, being created alongside another local organisation, will operate on an all-inclusive basis, welcoming both men and women as members. The Trustees recognise that, although inclusiveness is central to the charity's ethos, there remains value in providing some ring-fenced sessions to support men's wellbeing where appropriate. - Provide opportunities for people in Cumnock and the surrounding area to meet and engage in creative, physical and Through this project, Cumnock & District Men's Shed aims to: recreational activities of their choice. - Reduce social isolation and contribute to improved physical and mental wellbeing. - Develop the capacity, skills and confidence of local people, encouraging them to share knowledge and -experiente within the community. - Create and maintain a safe, friendly and inclusive environment where individuals can socialise, learn and work on meaningful projects.
Page |
Cumnock & District Men's Shed
Report of the Trustees for the Year Ended 30 June 2025
¢
&
OBJECTIVES AND ACTIVITIES
Significant activities Development ofaNew Community Space
The Hearth is an ambitious and inspiring collaborative project developed by two local charities - Cumnock & District Men's Shed and The Nest Wellbeing Group. Together, they successfully raised £480,000 in capital funding to renovate a derelict local building secured through Community Asset Transfer from East Ayrshire Council. Now transformed into a vibrant creative community space, The Hearth is scheduled to open in March 2026. At its heart, the project celebrates the people of Cumnock and the surrounding areas by offering inclusive and accessible creative activity in a range of purpose-built studios. Through hands-on activity, local residents are encouraged to learn new skills, share knowledge and build lasting relationships.
Capital Development and Renovation
Renovation works progressed to Stage 2 of the capital improvements, focusing on systems upgrades, internal layout and fixtures and fittings. This included: - A complete overhaul of building systems, including electrics (with installation of renewable technology), plumbing, fire and security. - Reconfiguration ofthe internal layout to create several dedicated studio spaces. The partnership secured the required capital funding to support this work from a range of sources, including:
-
Renewable Energy Fund
-
Place Based Investment Fund - Garfield Weston Foundation
-
CARES
Partnership Working
The organisation continued to strengthen the partnership arrangements supporting delivery of The Hearth. This included shared learning, clarification of roles and responsibilities, and the development of governance and management structures to promote effective oversight and long-term sustainability of the facility.
Community Engagement and Volunteering
- Community members made a significant voluntary contribution by assisting with the continued development of the space. - Despite the primary focus on capital works, the charity also delivered a number of smaller community projects, progressed.providing opportunities for 'hand on' creative engagement and skill development while the main building works
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
$005 1020
Principal address 6D Ward Place Kilmarnock Ayrshire KAI 1RH
Page 2
Cumnock & District Men's Shed
Report of the Trustees for the Year Ended 30 June 2025
Trustees M Murray Chairperson D King Vice Chairperson Mrs L Gilmour Secretary and Treasurer J Senior E Rutherford (resigned 28.9.24) Mrs N Carmichael Mrs C Lennox (resigned 1.10.25)
Independent Examiner William Russell Cowan WR Accountants Bank Chambers 31 The Square Cumnock Ayrshire KA18 1AT
a Approved by order of the board of trustees on 6 March 2026 and signed on its behalf by: 2? Mano Unby / Laura “Kylee
Mrs L Gilmour - Trustee
Page 3
Independent Examiner's Report to the Trustees of , Cumnock & District Men's Shed
Independent examiner's report to the trustees of Cumnock & District Men's Shed
I report to the charity trustees on my examination of the accounts of Cumnock & District Men's Shed (the Trust) for the year ended 30 June 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of[the][Charities][Act][2011][(‘the][Act’).]
I report in respect of my examination of[the][Trust's][accounts][carried][out][under][Section][145][of][the][Act][and][in][carrying][out] my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of Scotland, which is one ofthe listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
€
- ls accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2s the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
William Russell Cowan
WR Accountants
- & 31Bank ChambersThe Square
Cumnock Ayrshire KA18 LAT
6 March 2026
Page 4
,
. | | | |
Cumnock & District Men's Shed
Statement of Financial Activities for the Year Ended 30 June 2025
| 30.6.25 | 30.6.24 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | £ | be | E. | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies | 50 | 299,431 | 299,481 | 88,262 | ||
| EXPENDITURE ON | ||||||
| Charitable activities | ||||||
| Mens Shed | - | 278,133 | 278,133 | 25,623 | ||
| Other | - | - | - | 643 | ||
| Total | - | 278,133 | 278,133 | 26,266 | ||
| @ | NET INCOME | 50 | 21,298 | 21,348 | 61,996 | |
| RECONCILIATION OFFUNDS | ||||||
| Total funds brought forward | 142 | 146,182 | 146,324 | 84,328 | ||
| ee | ee | ee | ee | |||
| TOTALFUNDSCARRIEDFORWARD | 192 | 167,480 | 167,672 | 146,324 |
The notes form part of[these][financial][statements]
Page 5
Cumnock & District Men's Shed
| Balance Sheet | ||||||
|---|---|---|---|---|---|---|
| 30 June 2025 | ||||||
| 30.6.25 | 30.6.24 | |||||
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 4 | - | 126,311 | 126,311 | 140,428 | |
| CURRENT ASSETS | ||||||
| Cash at bank | 192 | 41,169 | 41,361 | 5,896 | ||
| NETCURRENT ASSETS | 192 | 41,169 | 41,361 | 5,896 | ||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | 192 | 167,480 | 167,672 | 146,324 | ||
| @ | NeETAssets | 192 | 167,480 | 167,672 | 146,324 | |
| FUNDS | 5 | |||||
| Unrestricted funds | 192 | 142 | ||||
| Restricted funds | 167,480 | 146,182 | ||||
| TOTALFUNDS | 167,672 | 146,324 |
The financial statements were approved by the Board of Trustees and authorised for issue on 6 March 2026 and were signed on its behalf by:
==> picture [144 x 40] intentionally omitted <==
----- Start of picture text -----
Laws LD
----- End of picture text -----
L Gilmour - Trustee
The notes form part of these financial statements
Page 6
.
Cumnock & District Men's Shed
Notes to the Financial Statements for the Year Ended 30 June 2025
I. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financjal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective | January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, | it is probable that the income will be received and the amount can be measured reliably.
&
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
==> picture [503 x 34] intentionally omitted <==
----- Start of picture text -----
bsg Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
a TRUSTEES' REMUNERATION AND BENEFITS
----- End of picture text -----
There were no trustees’ remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024.
Trustees' expenses
There were no trustees’ expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.
Page 7
continued...
Cumnock & District Men's Shed
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
==> picture [16 x 16] intentionally omitted <==
----- Start of picture text -----
e
----- End of picture text -----
==> picture [16 x 18] intentionally omitted <==
----- Start of picture text -----
€
----- End of picture text -----
| 3. | COMPARATIVES FOR THE STATEMENT | OF FINANCIAL | ACTIVITIES | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | funds | funds | |||
| £ | £ | £ | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 62 | 88,200 | 88,262 | ||
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Mens Shed | - | 25,623 | 25,623 | ||
| Other | - | 643 | 643 | ||
| Total | - | 26,266 | 26,266 | ||
| NET INCOME | 62 | 61,934 | 61,996 | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 80 | 84,248 | 84,328 | ||
| TOTAL FUNDS CARRIED FORWARD | 142 | 146,182 | 146,324 | ||
| 4. | TANGIBLE FIXED ASSETS | ||||
| Improvements | Fixtures | ||||
| to | Plant and | and | |||
| property | machinery | fittings | Totals | ||
| £ | £ | £ | £ | ||
| COST | |||||
| At |
July 2024 and 30 June 2025 | 126,262 | 2.235 | 12,656 | |
| DEPRECIATION | |||||
| At |
July 2024 | - | 224 | S01 | |
| Charge foryear | 12,627 | 223 | 1,267 | 14,117 | |
| At 30 June 2025 | 12,627 | 447 | 1,768 | 14,842 | |
| NET BOOK VALUE | |||||
| At 30 June 2025 | 113,635 | 1,788 | 10,888 | 126,311 | |
| At30June2024 | 126,262 | 2,011 | 12,155 | 140,428 |
Page 8
continued...
Cumnock & District Men's Shed
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
5; MOVEMENT IN FUNDS
==> picture [16 x 17] intentionally omitted <==
----- Start of picture text -----
&
----- End of picture text -----
==> picture [16 x 16] intentionally omitted <==
----- Start of picture text -----
©
----- End of picture text -----
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1.7.24 | in funds | 30.6.25 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 142 | 50 | 192 |
| Restricted funds | |||
| Shire Housing | 5,373 | (585) | 4,788 |
| Corra | 5,299 | (530) | 4,769 |
| CVO East Ayrshire | 13,177 | (1,318) | 11,859 |
| Place Based Investment Fund | 105,980 | (10,530) | 95,450 |
| TNL Community Funds | 9,766 | (976) | 8,790 |
| 9CC Group | 6,587 | (5,010) | 1,577 |
| The Energy Saving Trust | - | 10,247 | 10,247 |
| Garfield Weston Foundation | - | 30,000 | 30,000 |
| 146,182 | 21,298 | 167,480 | |
| TOTAL FUNDS | 146,324 | 21,348 | 167,672 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 50 | - | 50 |
| Restricted funds | |||
| Shire Housing | - | (585) | (585) |
| Corra | - | (530) | (530) |
| CVO East Ayrshire | - | (1,318) | (1,318) |
| Place Based Investment Fund | 174,247 | (184,777) | (10,530) |
| TNL Community Funds | ] | (977) | (976) |
| 9CC Group The Energy Saving Trust |
18,171 77,012 |
(23,181) (66,765) |
(5,010) 10,247 |
| Garfield Weston Foundation | 30,000 | - | 30,000 |
| 299,431 | (278,133) | 21,298 | |
| TOTALFUNDS | 299,481 | (278,133) | 21,348 |
Page 9
continued...
: Cumnock & District Men's Shed
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
, ,
5. MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
==> picture [17 x 17] intentionally omitted <==
----- Start of picture text -----
®
----- End of picture text -----
==> picture [18 x 19] intentionally omitted <==
----- Start of picture text -----
fia
----- End of picture text -----
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.723 | in funds | 30.6.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 80 | 62 | 142 |
| Restricted funds | |||
| Shire Housing | 5,851 | (478) | 5,373 |
| Corra | 5,220 | 719 | 5,299 |
| CVO East Ayrshire | 13,127 | - | 13,177 |
| Place Based Investment Fund | $0,000 | 55,980 | 105,980 |
| TNL Community Funds | 10,000 | (234) | 9,766 |
| 9CC Group | - | 6,587 | 6,587 |
| 84,248 | 61,934 | 146,182 | |
| TOTAL FUNDS | 84,328 | 61,996 | 146,324 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 62 | : | 62 |
| Restricted funds | |||
| Shire Housing | - | (478) | (478) |
| Corra | 780 | (701) | 719 |
| Place Based Investment Fund | 75,592 | (19,612) | 55,980 |
| TNL Community Funds | (1) | (233) | (234) |
| 9CCGroup | 11,829 | (5,242) | 6,587 |
| 88,200 | (26,266) | 61,934 | |
| TOTALFUNDS | 88,262 | (26,266) | 61,996 |
Page 10
continued...
. Cumnock & District Men's Shed
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
@
©
5; MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.7.23 | in funds | 30.6.25 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 80 | 112 | 192 |
| Restricted funds | |||
| Shire Housing | 5,851 | (1,063) | 4,788 |
| Corra | 5,220 | (451) | 4,769 |
| CVO East Ayrshire | 13,177 | (1,318) | 11,859 |
| Place Based Investment Fund | 50,000 | 45,450 | 95,450 |
| TNL Community Funds | 10,000 | (1,210) | 8,790 |
| 9CCGroup The Energy Saving Trust |
- - |
1,577 10,247 |
1,577 10,247 |
| Garfield Weston Foundation | - | 30,000 | 30,000 |
| 84,248 | 83,232 | 167,480 | |
| TOTALFUNDS | 84,328 | 83,344 | 167,672 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | L2 | - | 112 |
| Restricted funds | |||
| Shire Housing | - | (1,063) | (1,063) |
| Corra CVO East Ayrshire |
780 - |
(1,231) (1,318) |
(451) (1,318) |
| Place Based Investment Fund | 249,839 | (204,389) | 45,450 |
| TNL Community Funds | - | (1,210) | (1,210) |
| 9CC Group | 30,000 | (28,423) | 1,577 |
| The Energy Saving Trust | 77,012 | (66,765) | 10,247 |
| Garfield Weston Foundation | 30,000 | - | 30,000 |
| 387,631 | (304,399) | 83,232 | |
| TOTALFUNDS | 387,743 | (304,399) | 83,344 |
Page I 1
continued...
:
Cumnock & District Men's Shed
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2025.
==> picture [18 x 17] intentionally omitted <==
----- Start of picture text -----
@
----- End of picture text -----
==> picture [18 x 16] intentionally omitted <==
----- Start of picture text -----
&
----- End of picture text -----
Page 12
: Cumnock & District Men's Shed
==> picture [17 x 17] intentionally omitted <==
----- Start of picture text -----
@
----- End of picture text -----
==> picture [17 x 20] intentionally omitted <==
----- Start of picture text -----
®
----- End of picture text -----
==> picture [477 x 490] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Detailed|Statement|of|Financial|Activities|
|for|the|Year|Ended|30|June|2025|
|30.6.25|30.6.24|
|£|£|
|INCOME|AND|ENDOWMENTS|
|Donations|and|legacies|
|Donations|50|50|
|Grants|299,429|88,201|
|Other|income|2|11|
|299,481|88,262|
|Total|incoming|resources|299,481|88,262|
|EXPENDITURE|
|Charitable|activities|
|Rent,|rates|and|water|2,393|1,484|
|insurance|1,117|1,542|
|Light|and|heat|33,313|1,185|
|Sundries|-|58|
|Repairs|and|renewals|221,133|16,388|
|257,956|20,657|
|Support|costs|
|Management|
|Improvements|to|property|12,627|-|
|Plant|and|machinery|224|224|
|Fixtures|and|fittings|1,265|419|
|14,116|643|
|Governance|costs|
|Professional|charges|6,061|4,966|
|Total|resources|expended|278,133|26,266|
|Net income|21,348|61,996|
----- End of picture text -----
This page does not form part of the statutory financial statements
Page 13