Charity Registration No. SC051591 AYR AND PREStWlCK MEN'S SHED TRUSTEES REPORT AND UNAUDftED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28Th FEBRUARY 2025
AYR AND PREsfwicK MEN'S SHED YEAR TO 28TH FEBRUARY 2025 LEGAL AND ADMINISTRATIVE INFORMATION Charity No SC 051591 Trustees Re istered Office and Work Premises Inde endent Examiner
AYR AND PRESTWICK MEN'S SHED TRUSTEES REPORT FOR YEAR ENDED 28TH FEBRUARY 2025 T*e Trustees present their report and financial statements for the year ended 28th February 2025. The financial 5tstements have been prepared in acu)rdance with the accounlinE policles set out in Note I to the financial statements and comply with the Charitie5 and Trustee Investment (Scotlandl Act 2003 and the Charities Accounts (Scotlandl Re8ulations 2006. Oblectives and Artivitles The purpose of the organization is to provide recreational facilities and advance the social need5. health and wellbeing of men of all ages and backgrounds living in Aywith others r and district by... Cating, developing and maintaining a frdrility, narnely a Men's Shed. Offering opportunitie5 for r)en in Ayr and Prestwick area to meet and undertske CreaVe. physical, purposeful and recreats.onal activities of their choice. Reducing isolation of men in the area thus contributin8 to their physical and mentsl wellbeing Developing the capacity of men in the Ayr and Prestwick aa to share their skills and knowledge with others in the community. The Tnjstees have paid due Eard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Slgnificant Activities The organiiation is working to achieve the objectwes and goab as stated above and has succeeded.in securing funding and premises. Ftnartcial Re¥lew The results fDr the year are set out in the financial ststements on pages 6- 10. In the opinion of the Trustees the state of the charity's affairs is satisfactory. As at 28102125 the General Fund <iood at £13.811 12024 £16,414). Future Plans The charity continues to seek opportunities to raise funds for the Men's Shed and has raised £49,029 Slnce the Balance Sheet date. Recrultment and appointment of new tnteeS Trustees are generally recruited from those volunteers showing a great interest and involvement in the project and often bring a great deal of knowledge. experience and support to the charity. Organi5atlonal Structure The day-to-day management of the charity is delegated to the Chairman and Vice-choirman along with the help of other Trustees.
AYR AND PRESTWICK MEN'S SHED TRUSTEES REPORT (CONTINUED) Rlsk Management The trustees have a duty to identify and review the risk to which the charity is exposed and to ensure appropriate controls are in place to provlde reasonable assurance against fraud and error. The external risk of the charity relates largelyto ihe continued support of the local authorlties and other contributors. Internal risks are minimized by the implementation of procedures for authorization of transaction5 and by the provision of a consistent quality of delivery of all operational 35perts of the Men's shed. The Trustee5 Report was approved by the Trustees on Dated.. 2g fo Chairman
AYR AND PRESTWICK MEN'S SHED Trustees Annual Report (continued) Year ended 28" Febnry 2025 rATEMENT OF TRusfEES RESPONSIBILrriES The Trustee5 are responsible for preparing financlal statements which give sufficient detsil to enable an appreciation of the transarttons of the Ayr and Pre5twick Men's Shed during the financial year. The Trustees are responsible for keeping proper accounting records which, on request, must reflect the flnancial position of the Ayr and Prestwick Men's Shed at that time. Thls must be done to ensure that the financial statements comply with the Charities and Trustee Investment (Scotlandl Act 2005 and the CharTties Accounts {Scotlandl Re8ulaiion5 2¢X16. They are also responsible for safeguarding the assets of the Ayr and Prestwick Men'5 Shed and must take reasonable steps for the prevention andlor detection of fraud and other Irre8ularities. In preparing these financial statements the Trustees are required to:. select suttable arUnting policies and ihen apply them consistently observe the methods and principle5 in the Charitie5 SORP make judgements and estimates that are reasonable and prudent state whether UK Accounting Standards hwle been followed. subjert to any material departures disclosed and explained in tlie financial staternent5 and prepare financial statements on a 80ing concern basis unless It Is Inappropriate to presume the charity will continue in operation. Approved by the Trustees and signed on their behalf Date
AYR AND PREsfwicK MEN'S SHED SC 051591 INDEPENDENT EXAMINER'S REPORT TO THE TRU5fEES OF AYR AND PRESTWICK MEN'S SHED l port on the linanclal staternent5 of the charity for the year ended 28th February 2025 whith are set oul on pages 6 to 10. Respectrve responslbllltles of TnLsiees and Exambier The ch3rlty'5 trustees are responsible for thè preparntion of the finanaal statements In accordano with the tefms of the Charftles ènd Tru5tee5 Investment Iscodandl Att 2(X)S and the Charrknes Accounts (Scotlandl Regulations 2000. The charity trustees considerthat the audr requirement of Regulation Iolilldl of the Accounts ReBulat5ons d0È5 nol apply. It is rny responsiblity to examirie the accounts as requlied under sect5on 44llllcl of the ACL and to state whether parricular matters have come to my attention. 8asi5 of Independent Exanlners Report My examination was ¢arried in accordance wlth the general dire¢tlons glven by the Charlty Commlsslon. An examination includes a review of tFte #ccoutiting records kept try the (hariiy and a mmparison uf the linancial 5tatement5 pented wtth those retords. It also Indudes consideratlon of unusual iterns or disc105ure5 in the financi31 statements. and seeking explan05 from you as trustees concernin8 any such matters. The procedures undertaken d¢ not provide all tho Qdence that 0Id be requlred In an audlt and ronsequentty no opinion is given as to whether the finanaal 5tatement8 presènt a "true and laif view~ and the report is limited to those matters set out In thè next statsment. Independent Examlner5 Statement In connection with my examination no matter has comè to my atten¥on'. 111 whlch Blves me reasonable caLise io bell Lhal in any material respect the requirements-. to keep aununting records in accordan with section 44llllal of the Charibes and Trustee Investments (stIand) Regulation$ and to prepare finanaal siatements which accord with the accoUnng records and complv with Regulatfon 9 of the 2¢X)6 Accoknnts Regulatlons have not been met. or {21 to whith. In mv opinlon, attention should bo drawn in ordef to enable a proper understsnding of the reached. DATE oi 11
AYR AND PRESTWICK MEN'S SHED STATEMENT OF FINANCIAL AcnvinES FOR THE YEAR ENDED 28Th FEBRUARY 2025 UnstriCted Restricted Funds Funds 2025 2025 Total Funds 2025 Totsl Funds 2024 Note5 INCOME Grants Charitable Attivrtie5 4.570 9.598 3,323 7,893 9,598 10,850 13,676 TOTAL INCOME 14,168 3,323 17,491 24,526 EXPENDITURE Grants Charitable Activities 4,570 13.217 2.307 6,877 13.217 9,137 TOTAL EXPENDrruRE 17,787 2,307 20,094 9,137 Excess of Payments over Receipts for the year 3.619 -1.016 2.603 15,389 The statement of financial activities include5 all gains and105ses reeognised in the year. All income and expenditLEre derives from continuing artivrtles. F.IAVR ANn PRE4TWICK MEN'S SHEDI2025 AccouTr¥fsiTrial Bal Bank Rec Notes Page 10 Ver 2.xlsx251101202517'.08
AYR AND PREsnvicK MEN'S SHE BAiANCE SHEEr AS AT 2&fH FEBRUARY 2025 Unfestricted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 Notes Fixed Assets Tanglble Assets Investments Currert Assets Cash at bank Cash in hand 14,964 74 14,964 74 16.351 63 Total Assets 15,038 15,038 16,414 Creditors due within l year -1,227 -1,227 Total Assets less Current Liabilities 15,038 -1,227 13,811 16,414 Inome Funds Funds 15,038 -1.227 13.811 16.414 Total Funds 15,038 -1,227 13,811 16,414 These financial statements have been prepared in accordance with the Charities and Trustee Investment (Scotland) Act 2CM)5 and the char[t5 Accounts Iscotlandl Regulatlgn5 2ts)6 These finar.cial statements were approved by the Tru5taei O-. Chairman i I ca>d¥ef
AYR AND PRESfwicK Mf N'S SHED STATEMENT OF CASH FLOW FOT THE YEAR ENDED 28Th FE8RUARY 2025 2025 2024 Cash Flow5 from operdting actlvltles Cash generated from operation5 17.491 24,526 Investing Activities Investment Income received Net cash generated from investing activlties Net cash used in financing activities 20.094 9.137 Net decrease In cash and cash equivalents -2.603 15,389 Cash and cash equivalents at beginning of year 16.414 1.025 Cash and cash equivalents at end of year 13,811 16,414
AYR AND PREsfwicK MEIIJ'S SHED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28- FEBRUA4Y 2025 l Accounting pdjcl ChHrity Infomiatio Ayr and Prestwick Men i sh_- addres Accountlng conven143nh The linandal statements have been prepared ip atxordance wlth the charity's constiturii)n. They have been prepared to cornpty with the Charities and Trustee Investrnent (Scotlandj Act 2G05 and the Clirjrities Acrnunts IScotlarirl} P.egulation5 2006. The financial statements are prepared in sterllng £lri.d teY have beeli rounded to the nearest £. The tinancial statements h3ve iieen prepared under the historical cost convLintion. Going Conorn The Trustees have a reasonable expectatiort that the charity has adequate rosoulS to continue in operational exlstence for the foreseeable future. Thus the Triistees ontinue to adopt the going con ba<15 of accounting. Charitable Funds Unyestricted Fund5 are. avallabl for use at the d5scrotlon Df th@ trusl'ee.s in further3nc@ of their charitable ODjective5. Restricted ndS are subject to spccihc Coil ditions by donors a.5 to how they may be used. Incorne Income is recogiiized when the charity is leallY entiiled to It after any performan condltions ljivp. beep. iTriot. Cash donations are recogni%ed on IEceipt. Legacies are recoBniied on receipt. Expenditure liabilities are recognized as expenditure as soon as thpre is a Ip&al obli83tion committing the charity to that e-. punditure. Tanglble Ftxed A55Ats There are no Tangible FiAed Assetra. Invsstments There are no Inve>ttrnep.ts Accounting e51imate.s In the appllcation of th.e charity'J aCCOLsnt.ing policie5, the Trustees are required to make judgements and estimates Rbout the carrying amount of asset.s and liahilitre5. ¥ 51tuated In Scotland wlth re8istered ,)e ch<irity's No. is .SC051591.
AYR AND PRESTWICK MEN'S SHED NOTES TO FINANaAL sfATEMENT5 (COPlllNUED) FOR THE YEAR ENDED 2gfH FEBRUARY 21ll5 2025 2024 Income Grants Donations and Legacies Bird Boxes, Chti5tmas Te5 Pre5twick Prom Teas and coffees Easy Funding Refvnds C'cil Tax & Water rdtes 6.393 7,214 956 1.211 10,850 10.739 1,663 631 587 56 18 I,oii 17,491 24,526 Expendityre Rent Buildin8 Supplies Benches Computer Equipment Insurance SiBnage Building Plans Electricity Council Tax & Water Rates Telephone Fire Extinguishers Gas & 6 Heater5 AccountsnLV Fee Transport Prom stsll Teas & coffees Sundrles 3,500 904 I,iio 1,292 6,074 1.099 383 420 795 1,873 I,oii 512 381 136 129 120 l(M) 236 73 454 50 193 20.094 9.137 Creditors due wfthln l year Bi8gart Hospital LLP Small Grant 865 362 1,227 E:VYR AND PRESTWICK MEN'S SHEDV025 ACCOUNT&Trial Bal Bank Rec Notes Page 10 Ver 2.x15x20511112025