The Men's Advisory Project
Company Limited by Guarantee
Statement of Financial Activities
(Including income and expenditure account)
Year ended 31 March 2024
2024
Restricted
funds Total funds Total funds
2023
Unrestricted
funds
Note
Income and endowments
Donations and legacies
InvestmLifl"l income
Other income
115,854
934
5,200
15.050
130,904
934
5,200
273.360
34
590
Total Income
121,988
15,050
137,038
273.984
Expenditure
Expenditure on raising funds..
Costs ol raising donations and
legacies
Expenditure on charitable activities
Tolal expenditure
149,902
8,654
19,913
4,840
24.753
169,815
13,494
183,309
160.103
8.465
9,10
158,556
168,568
Net (expendilure)lincome and nel
movement in funds
(36,568)
(9.7031
146.2711
105.416
Reconciliation of funds
Total funds brought forward
Total funds carried forward
179,064
78,089
257.153
151,737
142,496
68,386
210.882
257.153
The statement of financial activilies includes all gains and losses recognised in the year.
All income and expenditure derive Irom continuing activities.
The notes on pages 15 to 25 form part of these financial statemènts.
13

The Men's Advisory Project
Company Limited by Guarantee
Statement of Financial Position
31 March 2024
2024
2023
Note
Flxed assels
Intangible assets
Tangible fixed assets
14
15
7,784
1,372
5.840
2.924
9,156
8,764
Current assets
Debtors
Cash at bank and in hand
16
47,493
162,791
29,909
226,367
210,284
256,276
Creditors: amounls falllng due within one year
Net current assets
17
8.558
7,887
201,726
210.882
248,389
257,153
257,153
Total assets less current liabililies
Net assets
210.882
Funds ot the charity
Restricted funds
Unrestricted funds
68.386
142.496
78,089
179.064
Tolal charity funds
19
210,882
257,153
These financial statements were approved by the board of trustees and authorised for issue on 19
December 2024. and are signed on behalf of the board by:
MSP
Trustee
Lewsle
ooney
BE
The notes on pages 15 to 25 form part ol these financlal statements.
14

The Men's Advisory Project
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
General Informatlon
The charity is a public benelit entity and a private company limited by guarantee. registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the registered office
is Floor 5, Glendinning House. 6 Murray Street, Belfast, BT1 6DN.
Stateinent of compllance
These financial statements have been prepared in compliance wilh FRS 102. 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland., Ihe Statement of
Recommended Practice applicable to charities preparing Iheir accounts in accordance with the
Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 1021 (Charities
SORP (FRS 10211 and the Companies Act 2006.
Accounting policies
Basis ot preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabililies and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to Continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These eslimales and judgements
are continually reviewed and are based on experience and other factors. including expeclations of
future events that are believed to be reasonable under Ihe circumstances.
Fund accounting
Unrestricted funds are available lor use al the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for parlicular future project or
commitrnent.
Restricted funds are subjected to restriclions on their expenditure declared by the donor or
through the terms ol an appeal. and fall into one of sub-classes.. restricted income funds or
endoivment funds.
15

The Men's Advisory Project
Company Limited by Guarantee
Notes to the Financial Statements fcontlnued)
Year ended 31 March 2024
Accounting policies fcontlnuedj
Incomlng resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity. it is probable that the economic benefits associated with the transaction will
flow to the charily and the amount can be reliably measured. The following specific policies are
appliecj to particulc1r categories of income:
income from donations or granls is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipi is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cosl to Ihe donor
or the estimated resale value. Donated facilities and services are recognised in the accounts
when received if the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricled funds unless there is a contractual
requirement lor it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expendilure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classified under headings of the statemenl ol
financial activities to which it relates=
expendilure on raising funds includes the costs of all fundraising activities, events. non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that furlher ils charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related lo raising funds for the
charity nor part of ils expenditure on charitable activilies.
All costs are allocated to expenditure calegories reflecting ihe use of the resource. Direct costs
attributable to a single activity are allocated directly to that activily. Shared cosls are apportioned
between the aclivities they contribute to on a reasonable, justifiable and consistenl basis.
16

The Men's Advisory Project
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
Accounting pollcles (continued)
Intangible assels
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any
accumulaled amortisation and impairment losses. Any intangible assets carried at revalued
amounts, are recorded at the lair value al the date of revaluation. as determined by reference to
an active market, less any subsequent accumulated amortisation and subsequent accumulated
impairment losses.
Intangible assets acquired as part of a business combination are only recognised separately from
goodwill when they arise from contractual or other legal rights, are separable. the expected future
economic benefits are probable and the cost or value can be measured reliably.
Amortisatlon
Amortisalion is calculated so as to write off the cost of an asset, less its eslimated residual value.
over the useful life of that asset as lollows:
Web page design
5 % straight line
If Ihere is an indication thal there has been a significant change in amortisation rate, useful life or
residual value of an intangible asset, Ihe amortisation is revised prospectively to reflect the new
estimates.
Tangible assets
Tangible assets are initially recorded at cost. and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated dgprecialion and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial aclivities. A decrease in the carrying
amount ol an asset as a result of revaluation, is recognised in other recognised gains and10sses,
except to which it offsets any previous revaluation gain, in which case the loss is shown wilhin
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to wrile oll Ihe cost or valuation of an asset. less its residual
value. over the useful economic life of Ihat asset as follows-
Computer equipment
Office èquipment
33 % straighl line
25 % straight line
17

The Men's Advisory Project
Company Limited by Guarantee
Notes to the Financial Statements (conlinued)
Year ended 31 March 2024
Accounting policies (contlnugd)
Impairment ot fixed assets
A review for indicators ol impairment is carried out at each reporting date. with the recoverable
amount being estimated where such indicators exist. Where the cari'ying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairm6knts are also reviewed for
possible reversal a:. each reporting date.
For the purposes of impairment tesling, when it is not possible to estimate Ihe recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the cash-
generating unit to which the asset belongs. The cash-generating unit is Ihe smallest identifiable
group ol assets that includes the asset and generales cash inflows Ihat largely independent of the
cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business Combination is, from the
acquisition date, allocated lo each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when Ihe charity becomes a party to the
contractual provisions of the inslrument.
Basic f inancial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected lo be paid or received and not discounted.
Debt inslruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments. including derivalives. are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed at a rate of inlerest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounled at a market rate of interesl for a similar debl instrument.
Other financial instruments are subsequently measured al fair value, with any changes
recognis'ed in Ihe slatement of financial activities, with the exceplion of hedging instrLtments in a
designated hedging relationship.
Financial assets thal are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence ol impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
18

The Men's Advisory Project
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
Accounting policles (continued)
Flnancial inslruments (¢ontlnued)
For all equity instruments regardless of significance, and other financial assets that are
individually significant, these are assessed individually for impairment. Other financial assets are
either a￿￿SesSed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impaii'ment are recognised immediately. to the extent that the reversal does not
result in a carrying amounl of the financial asset that exceeds whal the carrying amount would
have been had the impairment not previously been recognised.
Defined conlribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid conlributions are recognised as an asset to the extent
thal the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related service, Ihe liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in
the period in which it arises.
Limited by guarantee
The Men's Advisory Project is a company limited by guarantee and accordingly does not have
share capital. Every member of the company undertakes to contribute such an amount as may
be required, nol exceeding £1, to the assets of the company in the event of it being wound up
while he or she is a member or within one year after he or she ceases to be a member.
Donations and legacies
Unrestricled
Funds
Reslricted Total Funds
Funds
2024
Donations
Donations
28,064
3,000
31,064
Grants
Grants
87,790
12,050
99,840
115.854
15.050
130,904
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Donations
171.160
7.950
179.110
19

The Men's Advisory Project
Company Limited by Guarantee
Notes to the Financial Statements (contlnuod)
Year ended 31 March 2024
Donations and legacies (contlnuedj
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Grants '
Grants
27,853
199,013
66,397
74,347
94.250
273.360
Investment Income
Unrestricted Total Funds Unreslricted Total Funds
Funds
2024
Funds
2023
Bank inlerest receivable
934
934
34
34
Other income
Unrestricted Tolal Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Paypal
SHIP Proj8Ct
590
590
5.200
5,200
5,200
5.200
590
590
Costs of raising donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Stalf salaries
Employer pension
Rent
Electricity
Depreciation & Amortisation
Insurance
Computer & Soltware
Advertising
Telephone and fax
Stationary & Sundries
Counsellorlvolunteer expenses
111,366
4,466
11,721
3,432
1,431
2,076
4,339
1,003
2.400
6.636
1.032
111.366
4.466
11.721
3.432
2.862
2.076
4.339
1,003
2,400
6,636
19,514
1 ,431
18.482
149,902
19,913
169,815
20

The Men's Advisory Project
Company Limited by Guarantee
Notes to the Financial Statements (contlnuad)
Year ended 31 March 2024
Cosls of ralsing donations and legacies (contIn￿d)
Unrestricted
Funds
Flestricted Total Funds
Funds
2023
Slaff salaries
Employer pension
Rent
Electricity
Depreciation & Amortisation
Insurance
Computer & Software
Advertising
Telephone and lax
Stationary & Sundries
Counsellorlvolunteer expenses
21,722
66,338
1,062
88,060
1,062
11,066
3,013
3,630
1,999
5,162
961
2,177
9,404
33,569
11,066
3,013
1,815
1,815
1.999
5,162
961
2,177
9.404
679
32,890
54,985
105,118
160.103
Expenditure on charilable aclivilies by fund type
Unrestricted
Funds
Restricled Totsl Funds
Funds
2024
Support costs
Governance costs
36
8.618
36
13,458
13,494
4,840
8.654
4,840
Unrestricted
Funds
Reslricted Total Funds
Funds
2023
Support costs
Governance costs
44
2,400
2,444
44
8,421
6,021
6.021
8.465
10. Expenditure on charitable activities by activily lype
Activities
undertaken Total funds
directly
2024
Total fund
2023
Support costs
Governance costs
36
13.458
36
13,458
44
8,421
8.465
13,494
13,494
21

The Men's Advisory Project
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
11. Net (expenditure)lincome
Net (expenditure)lincome is stated after chargingllcreditingl..
2024
2023
Amortisalion of intangible assets
Depreciation of tangible fixed assets
456
2,406
286
3,344
12. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2024
2023
Wages and salaries
Employer contribulions to pension plans
111.366
4.466
88,060
1,062
89,122
115.832
The average head count of employees during the year was 3 {2023'. 4). The average number of
full-time equivalent employees during the year is analysed as follows:
2024
2023
Administrative staff
No employee received employee benefits of more than £60,000 during the year12023: Nill.
13. Trustee remuneration and expenses
One or more trustees has been paid remuneration or received other benefits from employment
with Ihe charity or a relaled entity.
Programme
delivery
Supervision
Total
P Irving
M Mcllvenny
Total
808
1.252
808
1,252
2.060
2,060
22

The Men's Advisory Project
Company Limlted by Guarantee
Notes to the Financial Statements (contlnu8d)
Year ended 31 March 2024
14. Intangible assets
Web page
design
Cosl
Al 1 April 2023
Additions
7.120
2.400
At 31 March 2024
9.520
Amortisation
At 1 April 2023
Charge for the year
At 31 March 2024
1.280
456
1.736
Carrying amount
At 31 March 2024
7,784
5,840
At 31 March 2023
15. Tangible lixed assets
Computer
equipment
Olfice
equipment
Total
Cost
At 1 April 2023
Additions
3,903
535
6,110
319
10,013
854
Al 31 March 2024
4,438
6.429
10.867
Depreciallon
At 1 April 2023
Charge for the year
At 31 March 2024
3,064
838
4,025
1,568
7.089
2.406
3,902
5.593
9,495
Carrying amount
At 31 March 2024
536
836
1,372
2,924
At 31 March 2023
839
2.085
16. Debtors
2024
2023
Trade debtors
Prepayments and accrued income
Other debtors
38,765
1,854
6,874
47,493
21.210
1.809
6.890
29,909
23

The Men's Advisory Project
Company Limited by Guarantee
Notes to the Financial Statements (conlinued)
Year ended 31 March 2024
17. Creditors: amounts falllng due wlthin one year
2024
2023
Trade creditors
Accruals and deferred income
Social security and other taxes
Pension
96
5,128
2,218
1,116
8,558
855
6.514
518
7.887
18. Pensions and other posl retlrement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relalion to defined
contribution plans was £4.46612023'. £1.0621.
19. Analysis of charitable funds
Unrestricted funds
At
31 March 202
At
1 April 2023
Income Expenditure
Unrestricted funds
179,064
121,988
1158,556)
142.496
At
31 March 202
Al
1 April 2022
Income Expenditure
Unrestricted lunds
36.856
199.637
157,4291
179.064
Restricted funds
At
31 March 202
At
1 April 2023
Income Expenditure
Restricted lunds
78.089
15.050
124,7531
68.386
At
31 March 202
At
1 April 2022
Income Expenditure
Restricted funds
114.881
74.347
1111,139)
78,089
24

The Men's Advisory Project
Company Limited by Guarantee
Notes to the Financial Statements {continued)
Year ended 31 March 2024
20. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Intangible assets
Tangible fixed assets
Current assets
Creditors less than 1 year
Nel assets
7,784
1,372
141,898
{8,5581
142.496
7,784
1.372
210,284
(8,5581
210.882
68,386
68,386
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Intangible assets
Tangible fixed assets
Current assets
Creditors less than 1 year
Nel assets
5,840
2,924
178,186
(7,886)
179.064
5.840
2.924
256.275
{7.8861
257.153
78,089
78,089
25