**Lossiemouth Men's Shed SCIO Scottish Charity no. SC052456 Annual Report and Financial Statements For the period from 1[st] April 2024 to 31[st] December 2024** ## **Trustees' Annual Report** For the period from 1st April 2024 to 31[st] December 2024 The Trustees have pleasure in presenting their report together with the financial statements for the period from 1[st] April 2024 to 31st December 2024. ## Reference and Administrative Information Charity name: Lossiemouth Men's Shed SCIO Charity number: SC052456 Address: Current trustees Chair Secretary Treasurer ## **Structure, Governance and Management** ## Constitution The Charity is a Scottish Charitable Incorporated Organisation (SCIO). It was registered on 4 April 2023. It has a single tier structure and as such, the trustees are members of the charity. ## Appointment of Trustees Trustees are elected at the Annual General Meeting which is held in February each year. There must be a minimum of three and a maximum of ten trustees. ## **Objectives and Activities** ## Charitable purposes The purpose of the organisation is to provide recreational facilities and advance the social needs, health and wellbeing of men of all ages and backgrounds living in Lossiemouth and district, by: - a) Creating, developing, and maintaining a facility, namely a Men's Shed. - b)Offering opportunities for men in the Lossiemouth area to meet and undertake creative, physical, purposeful, and recreational activities of their choice. - c) Reducing isolation of men in the area thus contributing to their physical and mental wellbeing. - d)Developing the capacity of men in the Lossiemouth area to share their skills and knowledge with others in the community. ## Activities Lossiemouth Men's Shed is open to all men aged 18 or over. It opens on Tuesday mornings, Thursday evenings and Sunday mornings for tea, coffee, biscuits and a chat. We have a range of wood-working tools and equipment for members to use, along with board games for rainy days. After the success of last year’s Christmas meal we decided to add a dedicated events manager role to the committee, who has arranged this year’s Christmas dinner and is planning out first Burns night for 2025 in addition he has arranged trips to - A local cooperage - A trip to the fisherman’s museum - RAF Lossiemouth During the year, we have been involved in several community projects. - We have constructed additional planters and a seat St Geraldine’s from sleepers donated to the school - Mentored woodworking classes at Lossiemouth High School guiding students in the construction of planters - Constructed an arbour for the East Beach Nursery - Setting stands for the local flower show We have increased our fund raising activities running stalls in Lossiemouth at the summer fun day, Seafest and Lossie Christmas market selling some of the wood-working items produced by our members. In addition the Lossiemouth development trust and Browns a local gift shop have offered to stock a selection of our items for sale. We are a member of the Scottish Men's Shed Association, which provides information, guidance, ideas and resources. As a member of the Association we have attended quarterly meet ups of Moray sheds and hosted our first meet up ## **Financial Review** Our main source of funding this year was through the TSI Moray Communities Mental Health and Wellbeing Fund this funding was used to assist with running costs, improve the facilities on site by refurbishing the disabled toilet and extend our workspace with a shipping container. We will be applying for funding from next years health and wellbeing fund The Trustee's policy is to retain 12 months' worth of normal running costs in order to meet commitments and to cover any unexpected expenditure. Our rent costs are £1200 per annum and we have another £600 per annum in unavoidable costs plus a £200 contingency so the Trustees try to ensure reserves exceed £2000, currently reserves are well in excess of this. Lossiemouth Men's Shed - SC052456 Receipts and payments accounts 1st January 2024 to 31 st December 2024 Statement of recei ts and ments Total funds current period to ngare8t Unrestricted funds Restricted funds Total funds last period to nearest to nearest £ to nearest Recel Is Donalions Grants Recei Note1 1152 12362 2069 15583 776 1928 12362 5764 ts from fundraisin aclivities Total ￿¢01pts 439 62031 776 16359 Payments Expenses for fundralslng adivlties PaYn￿nIS relaling dire¢Xly to charitable activilies Grants and donallons Govemance costs: Audit l independent exaftinalKJn Other Total payments Surplus / (d8fKIt) for year 15 15 1581 Nots3 6721 25 534 50 7255 75 1841 2S 26 7370 8989 1999 4204 8797 192 1 Statement of balances Tolal lund8 Current period to nearest Unrestrlcted funds R￿trIcted funds Total funds lasl perfod to Mare•t Cash Funds to nearnst to nearnst Opening Balan￿S SurpiuslDef￿it for year Closing Balances 4136 8797 12933 68 192 260 4204 8989 13193 4204 4204 Represented by Bank Cash Gift Card 12784 350 4204 13193 4204 Approved bythe Trustees and signed on their behalf". Name: Date: Page11 Notes Totsl funds current poriod to noarest Unrestrlcted funds Restricted funds Totsl funds last period to nearest 1 Donallons recelved to nearost £ to nearest Lossiemouth Communty Trust Co-op D Ross MP Lossie High YPI Lossiemulh Community Counal East Beath Nursery Other 5561 50 870 100 870 100 100 82 1152 100 808 1928 728 776 154 5765 Total funds current perlod to neamt Unrestricted funds Ro8trkted funds 2 Grant from TSI Moray to neargst £ to n•arnst Cleanlng Hosting Expenses Insurance Men's Shed Clt)thing Refurbishment - Disabled Toilet Refurbishment - Soaal kna Rent Repairs - Social Area Replace Workshop Ilooring Stationary Tools Consumables Travel Ub'lities Total Grant 300 400 430 800 1000 1000 800 1000 430 800 1000 800 700 1432 2100 600 800 12362 Total funds current perlod to nearest 1432 21(K) 800 12362 Unrestrlctod funds Ro1trictod funds Total funds last p•rlod to nearejt 3 Payments relatlng dlr•ctly to charltsblo activities to neamt to nearest Bank and Card Charges Cleaning Equipment Hosting Expenses Insurance Men's Shed Clothing Renl Stationary Tea Fund - Expenditure Tools & Consumables Travel Training Renl & Utilitbes 12 2128 310 293 112 2128 310 293 112 600 57 534 2538 18 57 534 86 1054 2538 29 600 1842 638 7255 6721 P8ge12 4 Donation - For Christmas Pr8sonts One Shed memb d fvnd raising from indi)riduals and local organisations to provide Christmas presents to local children i over Christmas any additional presents were distributed to thildren in Lossiemouth. Lossiemoulh Community Council made a £50 donation to the shed speuficalty for this activity and treated as reslnded fund. This was forwarded to the organiser along with a donation of £25 from the sheds unrestricted funds Nature and Purposo of fund• Unrestn'cted funds are those that may be used at the discxetion of the trustees in fijrtherance of the objeds of the charily. Restricted funds nw onty be used for a speufic puvpose. Resbiciions arise vA)en Sp6cAf￿l by the donor or vthen th8 funds are raised for a Spoof￿ purpose. During the p8ri0d rec4Ned donations of £726 for the Yea Fund" This fijnd Is used lo provide refreshmenls and fund the e£tering for the Christmas ￿￿1 and Bums night supper. The one off donalion for Christmas presents vras treated as restrided a)d forwarded to the shedd8r that had organised the chris1n￿$ presents. Page13 Independent Examinerfs Reportto the Trustees of Lossiemouth Men's Shed I report on the ac￿unIS of the charity for the year ended 31 St Decentsf 2024 which are set out on pages 1 to 3. Respective responslbilities of trustees and examinor The d)arty's trustees are respon&ble for the preparation of the &(x)unts in aC£Ordan￿ with the terms of the Charities and Trustee Investment {ScoUand) Act 2Cx)5 and the Charities A￿thnts [S￿￿and) Regulations 2006 ias amended). The charity Injslees o)nsKJer that the audit rewirement of Regulation 10{1) (d} of the 2006 Aoxunts Regulations does not appty. 11 is my resFK)nsibility lo examine the accL)unts as required under se(aion 44(1) {c> of the Act and to slate vthether partlcular matters hav8 L￿m? to my attention. Basis of indepondent •xarnlngrf8 ststsmènt My examinats'on is carried out in accordanrA Regulalon 11 of the 2006 Acwunts Regulations. An examination includès a review ol the accounting reo)rds kept by the (*arity and a comparisC￿ of the aco)unls presented those records. It also indudes ￿nSIderatIon of any unusual iteff6 or disclosjres in the acc(￿nIS, and seeks explanations from the trustees conceming any sui* matters. The procÉdures undertaken do not provid8 all Ihe evidence that would be rewired in an audit, and consequently I do not express an audil opinlon on the view g.rven by the attounts. Ind•pend•nt examIne￿* itat•ment In the course of my examination, no matter has ¢ome to my attention which gives me reasonable cause lo believe that in any material respect the requiremnts.. to keep accounting records in &xy)rdance with Sectim 44(1) la) of the 2(￿5 Act and Regulation 4 of the 2006 Accnunts Regulations to prepare accounts vthich a￿rd ￿1th the acxx*unts'ng re&Nds and comply Yiilh RegulatD)n 9 of the 2006 Aco)unls Regulations havè nol been met, or lo which, in my opinion, attention should be drawn in order to enable a woper understanding of the accx)unls to be reac*ed. Namè.. Relevant Professional qualificationlprofessional ts)dy: Address: Date". 7/4/Lr Page14