IndewKlent Examinerfs Report to the Trustees of GEMS Men's Shed. PAontrosÈ I retKJrt on the accounts of the thrty for the Y￿ a)ded 04 March 2Q5 which are set (xrt on pages 1103. Rèspective rnsporBibiliti•s of In*toes and e￿rniner The charivs tNstees are resFM)rBible for the preparation of tre accounts in aL￿Orda[￿e with the temis of the Charities and Trust￿ InvesknRnt (Sc(tsnd) Act 2(M)5 arKI the Charities Accounts (Scotland) RegUlatIc#￿ 2C()6 (as atTEtKl&l). The chariiy trustees consmj￿ that the audll requirement of Regulation 10(1 } (d) of the 20(￿ Accounts Regulations does not appty. It is my reswnsibility to examine the ￿ry)Unts a3 required under sectK>n 44(1) (c) of the Acl and to state whether particular rrotters have c(Mne to nry attenti￿. Basis of independent examinerfs statement My examination is Carl￿ out in accordance wtlh Regulatl(m 11 of Ihe 20[￿ P£counts Regulaiions. An e￿n￿lation indudes a revlew of the aCc￿nb"ng r￿dS keo by the charity and a c(xr]parison of the accounts wesented wrth those recorts. It also ir￿lUdeS CCmSKlerats'on of ary unusual rteffts or disclosures in Ihe accounts. and seeks explanations from the trust￿ Con￿mir￿j any such matters. The procedures untsrtaken do not provide all the LWIden￿ that W￿ld be required in an audrt. consequenty I do not express an audit opinion on the view gNen ty the accounts. Independent •xamiMrf$ statement In the course of rny eXarn1natic￿. no Tr*r h& c(Th to my attentN)n [other than disck)sed below1 1. which gives me reasonable cau* to belteve that in ary matefial respect the requirements: to k￿p accounting records in with Section 44(1) (a) ofthe 2￿5 Act and Regulati￿ 4 of the 2006 Accounts RegulatK>ns to piepare accounts whith accord with the a(xountiig r￿dS and compty wilh Regulation 9 of the 2006 Accounts Regulations have rK)t been met, or 2. to which. tn my opinion, attention should be drawn in order to enabb a woper understanding of the accounts to be rexhed. Name". Relev8nt Profesgonal qualificatr)nlprofessional IK)d Date: 06 11) IxoL GEMS Men's Shgd clo The Stables Forge Dykes Montrose DD10 9LD Accounts Report 2024125 Openlng Bank Balan¢e101104124) £30,785.44 Income Oescription Pe Cash To Bank Income from Donations Income from Grants Total Intome Amount £1,985.¢XI £2,109.24 Supplementary infomiatlon Members conrtributsonslcash donations Donations made direct to bank £4.094.24 endlture Description Rent Insufance Consumables ui ment Mis Totsl Supplementary Inforniation Montrose Communi trust Buildin and Liabil. insurance Pro ect Su lies Gazebo and rinler Shed assoaation feesn)all rental £450. £202.18 £277.75 £556.00 £125.00 £1,610.93 ndtture Closln8 Bank Balancé £33.268.75 GEMS; Registered Charity SC051623 MASTER BALANCE SHEET GENERAL INFOR￿TIoN VOUCHER oESc￿p170N INCOIAE SALES DATE EXPENDITURE EQUI?MENT CONS'BLES NATION INSURA BANX 8ALANGE RENT CASH MISC 01104k4 021fy1124 121C4124 ', 9104124 261C4124 Balance Jul'$ Bikè Pe sh io bank Rent KfCT FPO 50C4J71 Sid. Ord FPI FPI Std Ord. 500072 500073 S￿. Ord. 500074 S￿. Ord SQ0075 $00076 500077 e30.785 44 30 750.44 I30 850 44 C30.805.44 C30 830 44 £30 870.44 £30 825.44 £31.025.44 P31.?75 44 £31,230.44 £31,350.44 £31,305 44 £31.410 44 £31.4eo.44 £31.610.44 £31.363 26 £31363 26 £31,4e3.26 £31.438.26 £31,488.26 35 45 Bike 25 40 19105124 24105124 201th124 201C6124 1107124 1810712 081Q8124 C8108124 13108124 13108124 19106r24 10109r24 18109124 Ren:. MCT Petr c2sh b bank Pe eash tg bank Rent 3)0.00 250.00 Cash 4.0 Bank 120 00 Ren:. MCT Pe cash tts bank htsbank Gqsh b bank InsuffjrKe Rent MCT 45 105.Q) 5000 150.00 Sts. Or 500078 Std. Ord. 292.':8 45 120.00 Rent MCT 8ike Do09t￿)ft 45 30109124 03110124 17110124 19110124 01111124 Inv. Q3124 500079., Pe:-' Bank Tfr. Std Ord. SQ0080 "0 8gnk ex 145.00 £31.633.28 £31432.51 È31,387.S1 £31477.51 £31,527 51 Rent MCT Pe ' Cash Ic$ Bank Clay HaKC* Ftslf Work 200.75 45 1111 lQ4 12111124 19111124 22111124 28111124 03112124 04112124 18112124 229-1-25 2D112125 FPI 500081 Std. Ord SC0082 500063 Bank Tfr. 500084 Std. Ord S00085 Std Ord Cash ts Bank Rent MCT Biko D¢nation GSC- Fal gwsn 195.C £31 722 51 £31 677 51 £31.777.51 £32 777 51 £32 76251 £32,837 51 £32.792 51 £33.062 51 £33.017 51 £32.990.51 45 15 as 'Reni MCT Cash Tts Bank ank 75.C 4S 270.CQ 45 24101125 24101125 Bank Tfr Bank Trf. 8ik8 Job 1125 Eorro%sfield C Ass. tb'sh Mens Sh 27 100 £32,S90 51 £3?,865 51 30101123 Bank Ttr. Aontros• & &il 25 7QIOJ25 20102125 03103125 OY03125 19103125 17103125 18103125 31n3125 B￿k Tfr. B•ik Trf. Trt. £32.409.51 456 1CxJ J&A Ball1￿- 3D Just GNM £32.309 51 £32.440.14 £32.440 14 £32.713.41 £33. 134 73 £33 249 73 £33,288.75 130.63 B￿k Trf. kTrf. 5000é6 84nk Ttr. Just Giy 273 27 421.32 cash to Just Giwn 115_CO 19.02 Paga2 Petty Cash PErrY CASH Petty Cash opening balance £144.42 Income Description Cash Donations Member contributions Total Income Amount £921.00 £1,247.26 £2,168.26 Supplementary information Donationsl ifts from ublic Members ments Ex enditure Description Pett Cash to bank Consumables Misc Total Ex Amount Supplementary Information Pett cash banked Pro ect su lies £1,985.00 £179.33 £43.00 £2,207.33 enditure Closing Bank Balance £105.35 Page 3 Men’s Shed **GEMS Men’s Shed, Montrose Trustees’ Annual Report** Period From 4/04/24 to 3/04/25 ## **Charity contact information** Registered Charity Name: GEMS Men’s Shed, Montrose Scottish Charity Number: SC0051623 Address: Montrose Town Band Hall Queen’s Close Montrose DD10 8FR Telephone number: 07726 163968 Email address: info@gemsmontrose.co.uk Website: https://gemsmontrose.co.uk/ Facebook: GEMS Men’s Shed (Montrose) ## **Charity Trustees** 1. Appointed 4/03/22 2. Appointed 4/03/22 3. Appointed 4/03/22 4. Appointed 1/06/23 5. Appointed 6/05/25 **2** **Objectives and activities** GEMS Men’s Shed, Montrose (commonly known as GEMS) was set up in 2015 for the well-being of the residents of Montrose and the surroundings. We operate autonomously, but are part of the wider Scottish Men’s Shed Association (SMSA). We provide a safe place for our members to meet for company and friendship and to work together on projects for the benefit of both themselves and the community. GEMS has grown to become one of the leading community groups in Montrose. GEMS was originally called Gable Endies Men’s Shed, Gable Endies being an old nickname for the residents of Montrose after the style of building, best seen in the High Street, where land used to be leased for building in meagre lots called twelve-foot rigs, with large houses set with their gable-ends to the street. Through 2024/25 we have continued to use a small workshop at the back of the Montrose Town Band Hall, whilst awaiting agreement of the lease to use land at Gill Park, the grounds of Roselea FC, to build our new Shed complex. Significant work has been needed to repair and restore the workshop, along with the adjacent garden area, and this is an ongoing, long-term project which has taken up most of our time, preventing us from undertaking local community projects. - The overgrown garden area has been cleared and covered with a weed control membrane and wood chips. - Walls have been repaired and repointed. - We have constructed a shed for storage of tools and materials using the frame from an old gazebo and recycled pallets and roofed with a custom-made clear plastic membrane to keep out the rain, but let in the light. The central location of the Band Hall in Montrose makes this a very convenient location for GEMS and we hope to be able to use it for a long time. Several people have contacted GEMS during the year asking us to assist with disposal of tools and associated DIY supplies. We have **3** gratefully assisted with this providing a good home for the unwanted items – a true win-win situation. **Structure, governance and management** Type of governing document GEMS is a not-for-profit group, governed by a Constitution. Management Structure GEMS has a Committee comprising chairman, secretary and treasurer to manage the operation of the Shed and a Board of Trustees for governance, financial control, fundraising and networking within Montrose to raise the profile of GEMS and identify further opportunities for assisting the community and interfacing with local businesses. One of the values of GEMS is that all members are actively involved and are kept informed to participate in decision making regarding our activities, a bottom-up approach. **4** Achievements and performance Repair and improvement work at Montrose Town Band Hall Golden GEMS: Group formed at Montrose Academy for GEMS to work with pupils – this session mainly consisted of building bird boxes and mounting them at local care homes and play groups. New tables to be used around the dipping pond at SWT Montrose Basin Visitor Centre, 3/25 In addition, GEMS have continued to undertake cycle maintenance for the residents of Montrose and the surroundings, following ending of the Government sponsored scheme introduced during Covid lockdown in which we participated. Now that we no longer receive Government funding for this work and for the required parts to ensure proper working performance and safety, we now ask for donations from cycle owners but have many customers who keep coming to us. **6** ## **Financial review** ## **Accounts Report 2024/25** **Opening Bank Balance (01/04/24) £30,785.44** ## **Income** |**Description**|**Amount**|**Supplementary information**| |---|---|---| |Petty Cash To Bank|£1,985.00|Members conrtributions/cash donations| |Income from Donations|£2,109.24|Donations made direct to bank| |Income from Grants|0|| |**Total Income**|£4,094.24|| ## **Expenditure** |**Description**|**Amount**|**Supplementary Information**| |---|---|---| |Rent|£450.00|Montrose Community trust| |Insurance|£202.18|Building and Liability insurance| |Consumables|£277.75|Project Supplies| |Equipment|£556.00|Gazebo and printer| |Misc|£125.00|Shed association fees/hall rental| |Total Expenditure|£1,610.93|| **Closing Bank Balance (01/04/25) £33,268.75** Statement of the charity’s policy on reserves GEMS’ policy is to hold a reserve of no less than £1500 for known expenditure for 12 months and for unexpected expenditure. Currently reserves are significantly in excess of this but money is allocated to create the new Shed Complex. Indeed, we are still fundraising to allow us to pay for the remaining estimated costs of around £52,000. **7** ## **Future plans** Plans over the coming year are: - Reroof the small workshop we use at the Montrose Town Band Hall - Continue to work towards construction of a new Shed Complex at the local Gill Park football ground. We have now acquired all of the cabins we need, have agreement from the tenant to site them, planning permission from Angus Council, and the approval of Angus Council to allow their tenant to sub-lease to GEMS. We are currently setting up a sub-lease with Montrose Community Trust for GEMS to use the required area of ground and preparing a package to submit for Building Warrant approval. The plan for the new Shed Complex has developed since our last report. We will still arrange five cabins into a U-shape, but instead of roofing between them, we will purchase and erect, as a core, a multi-bay portal frame building which will come complete with roofing and cladding for the gables. This will provide a central 60’ x 20’ working area surrounded by the individual cabins. The Complex will be fitted out to create wellequipped workshops for woodwork, metalwork, crafts and cycle maintenance, and perhaps a model railway. Meanwhile, we will continue to support local community groups and charities, as much as we are able, by making planters etc. and undertaking repairs to their own infrastructure. **8** ## **Declaration** Signed on behalf of the charity trustees: Print name Designation Date **----- Start of picture text -----**
Secretary
2/11/2025
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