Docusign Envelope ID: 0EA8D6CE-170F-43F1-B240-FA6F566B6789 

## **Rostrevor Men's Shed** 

**Annual Report and Unaudited Financial Statements** 

**for the financial year ended 31 December 2024** 

**John MacMahon & Co Chartered Accountants & Registered Auditors 112 Camlough Road Newry Co. Down BT35 7EE Northern Ireland** 

**Charity Number: 107490** 



Docusign Envelope ID: 0EA8D6CE-170F-43F1-B240-FA6F566B6789 

## **Rostrevor Men's Shed CONTENTS** 

||**Page**|
|---|---|
|Reference and Administrative Information|3|
|Trustees' Report|4 - 5|
|Independent Examiner's Report|6|
|Financial Statements|7 - 8|
|Notes to the Financial Statements|9|



**2** 



Docusign Envelope ID: 0EA8D6CE-170F-43F1-B240-FA6F566B6789 

## **Rostrevor Men's Shed REFERENCE AND ADMINISTRATIVE INFORMATION** 

## **Trustees** 

Mark Gibbons (Resigned 31 January 2024) Eamonn O'Connor Connor Sweeney James Owens Gethin Hughes John Breslin (Resigned 31 January 2024) Kieran Morgan Martin Rea Stuart LeCornu Michael McKenna Daniel Lavery Stuart Cooper (Resigned 31 January 2024) Michael Cunningham (Resigned 31 January 2024) Paul Hogan (Appointed 31 January 2025) Paul McColgan (Resigned 31 January 2024) 

**Chairperson** Gerald McCormack **Charity Number in Northern Ireland** 107490 **Principal Address** 16 The Square Rostrevor Co. Down BT34 3AZ 

## **Independent Examiner** 

John MacMahon & Co Chartered Accountants & Registered Auditors 112 Camlough Road Newry Co. Down BT35 7EE Northern Ireland 

## **Principal Bankers** 

AIB 42/44 Hill Street Newry Co. Down BT34 1AU Northern Ireland 

**3** 



Docusign Envelope ID: 0EA8D6CE-170F-43F1-B240-FA6F566B6789 

## **Rostrevor Men's Shed TRUSTEES' REPORT** 

for the financial year ended 31 December 2024 

The trustees present their Trustees' Report and the unaudited financial statements for the financial year ended 31 December 2024. 

## **Mission, Objectives and Strategy** 

## **Mission Statement** 

## Compliance with Public Benefit 

The Charity Trustees have had regard to the Charity Commission for Northern Ireland’s statutory public benefit guidance to ensure that activities entered into during the year have helped to achieve the charity's aims and objectives as well as providing public benefit. 

## **Objectives** 

## The purposes of the charity are: 

- To provide a welcoming venue for men to talk and connect with others while participating in group and / or individual projects. 

- To reduce isolation and increase social networks of men in Rostrevor and the surrounding local areas. 

- To provide opportunity for skills development, capacity building and learning of men in the area. 

- To advance the health and well being of men in Rostrevor and the surrounding local areas. 

The main activities undertaken by the charity are: 

- Gardening 

- Woodwork and Joinery Workshops 

- Community Projects 

- Program events with guest speakers 

- Day trips for members. 

## **Structure, Governance and Management** 

## **Governance** 

The principal document regarding governance of the charity is the constitution. The committee members are the Charity Trustees.The charity is an unincorporated organisation. 

## Organisational Structure 

The committee is responsible for the day to day running of the charity. The committee is made up of at least ten volunteers elected each year at an Annual General Meeting. The committee stands down at the Annual General Meeting each year and a new committee is appointed in line with the constitution. 

All committee members and trustees are volunteers. No-one receives payment for services. 

## **Review of Activities, Achievements and Performance** 

The trustees, via the committee, normally organise several events during the year. 

Many projects were undertaken in 2024. Bird boxes were made for several local schools to assist with their environmental projects. Numerous summer seat restorations were undertaken. Signs were made for Mourne Heritage and local schools. Repairs and restoration of furniture continued. At Christmas time, reindeer, snowmen and crib manufacturing took place. 

Members took part in a river clean in July. A stand was taken at Kilbroney Show. Several table quizzes were attended. A sailing trip involving many members to the Isle of Man took place in summer. Members assisted marshalling at the Eoin Farrell Memorial Road Race in October and the Christmas Tractor Run in December. 

Talks were undertaken notably by the local artist Paula’s Scribbles who gave renditions of her poetry and stories in relation to a child growing up in the Troubles in West Belfast. 

## Trips 

Trips took place to Dundalk Races, Aiken Barracks and the Isle of Man. A visit to Edgar Sawmills in September proved very popular. 

## Building 

We were able to rent out rooms to other community groups as part of our agreement with Newry Mourne & Down District Council and occupation has been regular with great interest shown for 2025. 

**4** 



Docusign Envelope ID: 0EA8D6CE-170F-43F1-B240-FA6F566B6789 

## **Rostrevor Men's Shed TRUSTEES' REPORT** 

for the financial year ended 31 December 2024 

## **Financial Review** 

During the financial year the charity continued to raise funds via grant assistance, sale of goods, donations received and via the facilities management agreement with NMDDC. 

The receipts and payments accounts set out on pages 7 - 8 reflect the activities undertaken by the charity in 2024. The charity had income of £28,390 and expenditure of £34,680 resulting in a deficit of £6,290.  The charity had a restricted deficit at 31 December 2024 of £3,626 and unrestricted reserves of £6,690. The charity had a restricted fund deficit as it did not receive the grant to cover the restricted costs until January and February 2025. 

## Going Concern 

The trustees are satisfied that there are adequate funds in place to ensure that the charity can continue its activities and as a result the financial statements for the year ended 31 December 2024 are prepared on the going concern basis. 

## **Results** 

At the end of the financial year the charity has assets of £3,064 (2023 - £9,354) and liabilities of £0.00 (2023 - £0.00). The net assets of the charity have decreased by £(6,290). 

## **Reserves Position and Policy** 

Rostrevor Men’s Shed have a reserves policy, which requires that reserves are built or maintained at a level which ensures it can carry out its purposes consistently year on year. 

## **Approved by the Board of Trustees on 01 October 2025 and signed on its behalf by:** 

**________________________________ ________________________________ Gerald McCormack James Owens Chairperson Trustee** 

01-Oct-2025 

01-Oct-2025 

**5** 



Docusign Envelope ID: 0EA8D6CE-170F-43F1-B240-FA6F566B6789 

## **Rostrevor Men's Shed INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF ROSTREVOR MEN'S SHED** 

We have examined the financial statements of the charity for the financial year ended 31 December 2024, which comprise the Financial Statements, the Accounting Policies and the related notes. 

This report is made solely to the charity's members, as a body, in accordance with the Charities Act (Northern Ireland) 2008. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Board of Trustees that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members, as a body, for our work, or for this report. 

## **Respective responsibilities of trustees and examiner** 

The charity's trustees are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northern Ireland) 2008. The charity's trustees consider that an audit is not required for this financial year under the Charities Act (Northern Ireland) 2008 and that an independent examination is required. 

## It is our responsibility to: 

- examine the financial statements under section 65 of the Charities Act; 

- follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act; and 

- state whether particular matters have come to our attention. 

## **Basis of independent examiner's report** 

We have examined your charity financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking 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 no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. 

In connection with our examination, no matter has come to our attention which gives us cause to believe that in, any material respect: 

- accounting records were not kept in accordance with section 63 of the Charities Act 

- the financial statements do not accord with those accounting records 

- the accounts do not comply with the accounting requirements of the Charities Act 

- there is further information needed for a proper understanding of the accounts to be reached. 

## **Independent examiner's statement** 

We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. 

## **__________________________________ John McGinn** 

## **JOHN MACMAHON & CO** 

Chartered Accountants & Registered Auditors 112 Camlough Road Newry Co. Down BT35 7EE Northern Ireland 

## **Date: 1 October 2025** 

02-Oct-2025 

**6** 



Docusign Envelope ID: 0EA8D6CE-170F-43F1-B240-FA6F566B6789 

## **Rostrevor Men's Shed FINANCIAL STATEMENTS** 

for the financial year ended 31 December 2024 

|**Rostrevor Men's Shed**<br>**FINANCIAL STATEMENTS**<br>for the financial year ended 31 December 2024||||||
|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Total**|Total|
|||**Funds**|**Funds**|||
|||**2024**|**2024**|**2024**|2023|
||**Notes**|<br>**£**|**£**|**£**|£|
|**Receipts and Payments Account**||||||
|**Receipts**||||||
|**Voluntary Income**||||||
|Donations and legacies||**637**|**-**|**637**|278|
|Grant Income||**-**|**9,897**|**9,897**|11,919|
|||───────|───────|───────|───────|
|||**637**|**9,897**|**10,534**|12,197|
|||───────|───────|───────|───────|
|**Charitable activities:**||||||
|Income from charitable activities||**8,571**|**-**|**8,571**|7,848|
|Membership||**975**|**-**|**975**|825|
|||───────|───────|───────|───────|
|||**9,546**|**-**|**9,546**|8,673|
|||───────|───────|───────|───────|
|**Other receipts:**||||||
|Rental Income||**8,310**|**-**|**8,310**|-|
|||───────|───────|───────|───────|
|**Total receipts**||**18,493**|**9,897**|**28,390**|20,870|
|||───────|───────|───────|───────|
|**Payments**||||||
|**Charitable activities:**||||||
|Expenditure on charitable activities||**11,357**|**14,189**|**25,546**|14,704|
|Purchase of Equipment||**4,517**|**4,617**|**9,134**|-|
|||───────|───────|───────|───────|
|||**15,874**|**18,806**|**34,680**|14,704|
|||───────|───────|───────|───────|
|**Total payments**||**15,874**|**18,806**|**34,680**|14,704|
|||───────|───────|───────|───────|
|**Net receipts/(payments) for the financial year**||**2,619**|**(8,909)**|**(6,290)**|6,166|
|Balances brought forward at 1 January 2024||**4,071**|**5,283**|**9,354**|3,188|
|||───────|───────|───────|───────|
|**Balances carried forward at 31 December 2024**||**6,690**|**(3,626)**|**3,064**|9,354|
|||═══════|═══════|═══════|═══════|
|**Statement of Assets and Liabilities**||||||
|**Cash funds**||||||
|Bank and cash||**6,690**|**(3,626)**|**3,064**|9,354|
|||───────|───────|───────|───────|



The notes on page 9 form part of the financial statements 

**7** 



Docusign Envelope ID: 0EA8D6CE-170F-43F1-B240-FA6F566B6789 

## **Rostrevor Men's Shed FINANCIAL STATEMENTS** 

**Statement of Assets and Liabilities cont’d** 

**2024         2023 Bank & Cash Balances                                                                    £            £** Bank Current Account                                                                          3,064         9,354 **Other Assets** Machinery                                                                                      5,884             - Container                                                                                       2,400             - Fixtures and fittings                                                                               850             - ─────      ───── 9,134             - ═════      ═════ 

**Approved by the Board of Trustees and authorised for issue on 1 October 2025 and signed on its behalf by ______________________ ________________________________ Gerald McCormack James Owens Chairperson Trustee** 01-Oct-2025 01-Oct-2025 

The notes on page 9 form part of the financial statements 

**8** 



Docusign Envelope ID: 0EA8D6CE-170F-43F1-B240-FA6F566B6789 

## **Rostrevor Men's Shed NOTES TO THE FINANCIAL STATEMENTS** 

for the financial year ended 31 December 2024 

## **1. Restricted Funds** 

Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity. 

## **2. Unrestricted Funds** 

Unrestricted funds represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the charity. 

## **3.** 

|**Restricted Grant Income**|**2024**|2023|
|---|---|---|
||**£**|£|
|Newry Mourne & Down District Council|**9,733**|2,723|
|Awards for All|**-**|6,899|
|Clear Project|**164**|1,640|
|DAERA|**-**|319|
||───────|───────|
||**9,897**|11,581|
||═══════|═══════|



Restricted funds were in deficit of £3,626 at the 31 December 2024.  The charity did not receive the grant to cover these costs until January and February 2025. 

**9**