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... C￿ating, developing and maintaining a frdrility, narnely a Men's Shed. Offering opportunitie5 for r)en in Ayr and Prestwick area to meet and undertske Crea￿Ve. 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 a￿a 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 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 t￿eY 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 rosoul￿S 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 le￿allY 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