Carse of Gowrie Men's shed Report and Accounts December 31 2024 This document is an annual report detailing the activities, governante, financials, and plans of the Carse of Gowrie Men's Shed ICOGMSI The report concludes with approval and signatures from the trustees. The artivities and achievernents demonstrate the organization's commitment to community engagement and support for men's health and well-being. Charity number SC047662 Carse of Gowrle Men's Shed Report of the Trustees SC047662 Trustees Chaiman vte Chalrman Treasurer Secretary Independent Examiner PG Dip VACIE Bankers TSB Dundee, Mead(Mside Principal office Swan Ilouse Explo￿r Road Dundee Technology Park Dundee DD21DX Carse of Gowrie PAen's Shed Report of the Trustees SC047662 The Irustees present their report and finanrAa statements for the periocl enoed 31 December 2024. Tru5tee5 The followiro trustees serve(I durina the year: Chsimian Vice Ch8irman Treasurer Secretary Reference and administrative detsils These details are reported on page1. STRUCTURE. GOVERNANCE AND MANAGEMENT The Carse of Gowrie Men's Shed ICOGMSI is a Scottish Charitable Incorporatèd Organizalion first registered on 29 Augusl 2017. The COGMS was previously an unincorporated associati£￿ the assets of which w￿￿ Iransf6rred to the SCIO on 1°, S&ptemtBr 2017. The COGMS is governed by a written wnstitution based on the lemplale recommended by the Sccttish Men's Shed Association and has a two tier structu wlh the Trustees being nEmbers of the charity. Recruitrnent and appointmènt of trust•88 The TnanagerrEnl corntniltee, which is comprised of trke Trustees. attends Ihe weekly aclivilies of the Shed and f￿1￿ meetirys every rrK>nlh lo consider progress With the various objeGtives and feedback from the members of the Shecl. Trustees a￿ elected at the annual ￿neral meelirTrg which lakes place in January each year. There must be a minimum offour and a maximum Df sevgn Trustses. The Trustees may cx>opt additK)nal Irustegs if they CA)nsider that it would b6 in th& intarasts of tha charity to do so. OBJECTIVES AND ACTIVITIES The purF%)se of the charity is to provKle recreats'onal facilities and advance the swi81 needs, health and well being of men of all ages 8nd back grounds living in Dundee and surrounding argas. Main 3ctTh1it￿s'. - Support quality, diversity and inclugon by cre81ing, developing and maintaining a facility, narnely a Men's Shed. offering opportunities for men in the Dundee and surrounding s￿8 to meet and undertake creative, physical, and recreational activities of their choi¢e Reduce the i￿latIOn of men in the are8 thus ￿nIn￿ling to their physic81 and mental well being - Develop the capacity of men in the area to share Iheir skills and knowledoe with others In the Community. Carse of Gowrie Men's Shed Report of the Trustees SC047662 ACHIEVEMENTS AND PERFORMANCE Membership continues around the high sixties wth an average daily attendance of 2round twenty five. The membership is made up of a cross section of backgrounds wlh a wide age range 2nd 8 variety of skills and interest5. Equipment upgrading has induded repla￿ment of wom items and new purchases to improve capacity.. A replacement latrle for Woodtuming Section An additional pillar drill A new heavy duty band saw for the machine shop. Additional dust extraction unils and va￿uM cleaners. To help reduce the Landlord's energy bill we have.. Replaced fluorescent ceiling lights with LED units lo redu￿ electricity consumption. Replaced four 2.5KW fan healers with two 2KW oil filled radiators. Switched off an unneeded water heater. Instslled a remote ￿ntrolled limer for kitchen hot water unit. Members have undertaken a wide range of personal projects that reflect their differing interests but they 81so find time and energy to tackle projects for other charities and indiwduals. A sample of some of these projects are.. We have also been given a range of donations including tools, both hand and power, materials and consumables. These we offer to members and other organisalions al no cost. Basic First aid courses have been held for a number of members and MO￿ are p18nned. ASC Workshop, part of the Balhousie Care Group, some of whose members have been visiting The Men's Shed for sever81 years and have been assisted by The Shed with donation5 of equipment, 10015 and materials. were awarded Honorary Life Membership in recognition of the work they do for men'5 health. Carse of Gowrle Men's Shed Report of the Trustees SCQ47662 FINANCIAL REVIEW The main SoU￿eS offund¥)g 8rg" Member's annu21 fees Donations by Membe￿ for use of the c2fé 8re8 Selling of pyoducts made by members at shows, open days, and C￿ request ReseNe$ policy The trustees continue with the reserve policy target of £22,000 which is felt would be a ptudent reserve in view of continuing uncertainty of the need to relocole. PLANS FOR FUTURE PERIODS The Trustees inlend lo continue lo update the strategic objectives sel for this period lo increase membership, continue lo intèract with Ihe community at large, secure new premises, and attracl additional funding. STATEME￿￿ OF TRUSTEES. RESPONSIBILITIES The charity trustees are responsible for preparing a trustees, annual report and financial statements which give suffiaent dela11 to enable an appreoalK)n of the Iransa¢tions (Juring the financlal year The Iruslee5 are iespofjsiL)le ts keepiFTg proper acGounling reG(xds that (li￿105e wilh reasonalje accuracy at any lime Ihe finanoal posili)n of Ihe charity and lo enatje them to ensu￿ that the linanc4al slalements cornply with the Charities and Tn￿lee InvestmenllScolland)Act2005 and Charity Accnunls18collandl Regulations 2006 las amendedl.They are also responsible for safeguarding the assets of tr)e charity and taking re8sonable sleps for the prevention and detection of fraud and other egularilies. This report was approved by the trustees on XX January 2025 Carse of Gowrie Men's Shed SC047662 Independent Examiner's Report To The Trustees of Carse of Gowrle Men's Shed I report on the firtrancial statements of the Charity for the period ended 31December 2024 which we are set out on pages 5 to 8. Respertive Responsibllities of the Tru5tee5 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 (Scotlandl Act 2005 and the Charities Accounts {Scotlandl Regulations 2￿6. The charity's trustseg consider that the audit requirements of the Regulation Iolllldl of the Accounts Regulation5 does not apply. It is my responsibility to examine the accounts as required under section 44111 @ of the Act and to State whether particular matters have Corne to my attention. Basis of Independent Examiners Statement My examination is carried out in accordance wtth Regulation 11 of the Charities Accounts (Scotlandl Re8ulations 2006.An examlnafjon includes are view of the accounting records kept by the charity and a comparison of the account5 presented with those records. It also includes consideration of any unusual items of disclosure In ihe accounts and seeks explanations frDm the trustees concerning any sucn matter5. The procedures undertaken do not provide 311 the evidence that would be required in an audit and consequently I do not express an audit opinion on the accounts. Independent Examiner's Ststement In the course of my examination, no matter has come to my attention: l.Which gives me reasonable cause to believe that in any material respect the requirements= -To keep accountr.ng records In accordance wlth Sethon 44llllal 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 been met, or 2.To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Carse ofGowrle Men's Shed Report of the trustees SC047662 Unrestrlcted Fund Restrlcted Fund Total Funds Totallunds 2023 Re¢eipt$ Voluntary Receipts Members Fees Cafe Income Donation 1780 1542 1,780 1,542 728 1.835 1,809 3,650 729 Receipts From Charitable Activities Sales Refund 2281 2,281 4,003 Total Receipts 6_41.8 IIA52 Payments Cost of Charitable Activities Cafe joinery Metalwork 45 45 3127 16 3204 257 3127 2,248 226 16 Woodturning Computing Miscellaneous Kitchen & Toilet 3204 670 966 966 351 764 921 351 202 202 147 Insurance External Shows Building Work SMA Membership Light & Heat Security Travel Expenses Refund Oonations Satety Expenditure Tools Grant Return Men's Health Open Day Catering 728 728 636 297 297 308 25 720 720 720 30 30 76 250 3,250 450 97 Tolal Payments 1104& Surplus l Deficit 3266 508 Carse of Gowrie Men's Shed Report of the Trustees SC047662 CarseofGowrie Men'sshed SC047662 Report of the irustees Statement of Balances as at December 31st 2024 Unrestricted Restricted Total Funds Fun(ts Funds 2024 Cash Funds Bank Balance 31st December 2024 Cash 14.664 14,664 Total Funds Repiesented By Cash and Bank Balances january 1st 2024 ProlitlDeficit Balance 31st December 2024 18118 18,118