Sanquhar & District Men's Shed
Scottish Charity Number SC053256
Trustees’ Annual Report and Financial Statements For the year ended 31 March 2025
' Sanquhar District Men's Shed Trustees’ Annual Report and Accounts for the year ended 31 March 2025 SFPUREY ANNAri Report053256
The trustees have pleasure in presenting their report together with the financial statements and the independent examiner's report for the year ended 31 March 2025.
Reference & Administrative Information
Charity Name
Sanquhar & District Men's Shed
Charity Number
$C053256
Address
Current Trustees
Structure Governance & Management
Constitution
The Charity is unincorporated. It is governed by its constitution which was adopted in 2024.
Appointment of Trustees
The management committee, which normally meets on a quarterly basis, are the charity's trustees. Membership of the management committee is open to anyone over the age of 18. Trustees are elected at the Annual General Meeting which is normally held in October each year. Under the constitution, trustees serve for a period of 3 years and can be nominated for re-election.
Management
The trustees are responsible for the management of the trust. The trustees decide on a voting majority basis as to which organisations should benefit from the trust funds.
Objectives & Activities
Charitable purpose
Our purpose, to provide recreational facilities, or organise recreational activities, with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended. The relief of those in need by reason of age, ill-health, disability, financial hardship or other disadvantage.
1
: Sanquhar District Men's Shed
Trustees’ Annual Report and Accounts for the year ended 31 March 2025 GB HWE RsYALMRTES(earth
Trustee remuneration and expenses
The trustees did not receive any remuneration or expenses during the year
Financial review
As a result of the surplus of £5,248 for the year, the charity held restricted funds of £4,537 and unrestricted funds of £6,497.16. There are no designated funds.
Reserves policy
The trustees' policy is to maintain reserves at around £2,000. Reserves at the year end were £11,034.
2
Trustees’ Annual Report and Accounts for the year ended 31 March 2025 Scottish Charity Number SC053256 Independent Examiner’s Report to the Trustees of Sanquhar & District Men's Shed
Sanquhar District Men's Shed
| report on the accounts of the charity for the year ended 31st March 2025 which are set out on pages 4 to 6.
Respective responsibilities of trustees and examiner
The charity's 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. The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the 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 carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 | 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;
- 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
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Address: ADCA Chartered Accountants, 32-34 High Street, Sanquhar
Date: 27 November 2024
3
.
Sanquhar District Men's Shed
Trustees’ Annual Report and Accounts for the year ended 31 March 2025 Scottish Charity Number SC053256
Statement of Receipts and Payments - For the year ended 31 March 2025
==> picture [379 x 237] intentionally omitted <==
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Restricted|Unrestricted|Total|
|Note|Funds|Funds|2025|
|£|£|£|
|Receipts|
|Donations|Received|2|:|3,875.00|3,875.00|
|Grants|Received|12,160.00|-|12,160.00|
|Fundraising|.|1,890.00|1,890.00|
|12,160.00|5,765.00|17,925.00|
|Payments|
|Cost|of|Charitable|activities|3|4,615.33|1,218.30|5,833.63|
|Repairs|5,815.50|1,027.61|6,843.11|
|10,430.83|2,245.91|12,676.74|
|Surplus/(Deficit)|for the|year|1,729.17|3,519.09|5,248.26|
----- End of picture text -----
4
.
Sanquhar District Men's Shed
Trustees’ Annual Report and Accounts for the year ended 31 March 2025 Scottish Charity Number SC053256
Statement of Balances - As at 31 March 2025
| Restricted | Unrestricted | Total | ||
|---|---|---|---|---|
| Note | Funds | Funds | 2025 | |
| £ | £ | £ | ||
| Funds Reconciliation | ||||
| Cash at Bank (01/04/2024) | 2,808.59 | 2,978.07 | 5,786.66 | |
| Surplus/ (Deficit) for the year | 1,729.17 | 3,519.09 | 5,248.26 | |
| Cash at Bank (31/03/2025) | 4,537.76 | 6,497.16 | 11,034.92 | |
| Bank Balances | 4 | |||
| Bank Current account | 4,537.76 | 6,497.16 | 11,034.92 | |
| Cash on Hand | . | . | ||
| 4,537.76 | 6,497.16 | 11,034.92 |
The notes on page 6 form an integral part of these accounts. Approved by the trustees on 27 November 2024 and signed on their behalf by:~ ee
)
:
Sanquhar District Men's Shed
Trustees' Annual Report and Accounts for the year ended 31 March 2025 Scottish Charity Number SC053256
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 Donations received The trust received donations of £3,875 during the year.
3 Bank Accounts
The Current account is held with the Bank of Scotland.
6