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2025-03-31-accounts

The Shed Antrim

Accounts and Financial Statements for Year Ended 31 March 2025

REGISTERED CHARITY NUMBER: 109776

Report of the Trustees & Financial Statements for the year ended

31 March 2025

For The Shed Antrim

DJB Accounting Ltd 34 Knockmoyle Drive Antrim

The Shed, Antrim Accounts and Financial Statements for Year Ended 31 March 2025

Contents

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|||| |---|---|---| |Report of the Trustees|................................................................................................................ 3| |Objectives and Activities|..............................................................|Error! Bookmark not defined.| |Structure, Governance and Management|....................................|Error! Bookmark not defined.| |Independent Examiners Report|............................................................................................... 6| |Notes to the Financial Statements|......................................................................................... 13|

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The Shed, Antrim Accounts and Financial Statements for Year Ended 31 March 2025

Report of the Trustees

The trustees of the charity present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

Structure, Governance and Management

The Shed Antrim is an unincorporated association governed by its constitution and administered by a Board of Trustees. Trustees are responsible for the strategic direction, financial oversight, and ensuring that the charity operates in accordance with its governing document and the requirements of the Charity Commission for Northern Ireland.

Trustees meet regularly to review activities, monitor finances, manage risk, and plan future development. Day-to-day activities are delivered by members and volunteers, with trustees providing oversight and support.

Objectives and Activities (Public Benefit)

The charity’s objects are:

• The provision of recreational facilities, or the organisation of recreational activities, with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended.

The trustees confirm that they have had due regard to the Charity Commission for Northern Ireland’s public benefit guidance.

Achievements and Performance

During the year, The Shed Antrim continued to operate as a vital community hub for women in Antrim and surrounding areas.

Members produced and donated:

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The Shed, Antrim Accounts and Financial Statements for Year Ended 31 March 2025

The Shed also:

The Shed provides a safe, welcoming space for women experiencing loneliness or isolation, supporting wellbeing and connection.

Financial Review

Incoming resources for the year totalled £33,780 and expenditure was £15,185, resulting in net incoming resources of £18,595. Total funds at year end were £21,402.

Plans for the Future

The trustees aim to:

Reference and Administrative Details

Registered Company number NI633767 (Northern Ireland)

Registered Charity number 109776

Registered Office Family Caring Centre 1-5 Somerset Park Antrim BT41 2TE

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The Shed, Antrim Accounts and Financial Statements for Year Ended 31 March 2025

Trustees within the financial year

Trustee Name Date Appointed Date Resigned
Evelyn Smyth(Chair) 04/07/2023
Christine Corrigan 04/07/2023
Roisin McGarry 04/07/2023
Elaine Stewart 04/07/2023
Ellen Allen 04/07/2023
Rose Crozier 25/07/2023

Independent Examiner

David Blair CPFA DJB Accounting Ltd 34 Knockmoyle Drive Antrim BT41 1HE

Approved by order of the board of trustees on 31/12/2025 and signed on its behalf by:

Evelyn Smyth – Trustee (Chair)

Elaine Stewart – Trustee (Treasurer)

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The Shed, Antrim Accounts and Financial Statements for Year Ended 31 March 2025

Independent Examiners Report

I report on the accounts of the company for the year ended 31 March 2024, which are set out on from page 7

Respective responsibilities of charity trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charity Commission’s Statement of Recommended Practice (SORP).

Having satisfied myself that the charity is not subject to audit and is eligible for independent examination, it is my responsibility to:

Basis of the independent examiner's report

I have examined your charity accounts as required under section 65 of the Charities Act and my 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.

The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.

It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

My role is to state whether any material matters have come to my attention giving me cause to believe:

  1. That accounting records were not kept in accordance with section 386 of the Companies Act 2006.

  2. That the accounts do not accord with those accounting records.

  3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of

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The Shed, Antrim Accounts and Financial Statements for Year Ended 31 March 2025

Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland

  1. That there is further information needed for a proper understanding of the accounts to

  2. be reached.

Independent examiner's statement

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

David Blair CPFA DJB Accounting Ltd 31 December 2025

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The Shed Antrim

~~ee~~ Charity No: 109776

The Shed Antrim Charity No: 109776

Annual Accounts for the period

01/04/2024

To

31/03/2025

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The Shed Antrim ~~a~~ Charity No: 109776

Section A Statement of financial activities
~~ee~~		 Section A Statement of financial activities
~~ee~~		 Section A Statement of financial activities
~~ee~~		 Section A Statement of financial activities
~~ee~~
Descriptions by natural Note Unrestricte Restricted
income
Endowmen
Total this
Total last
category d funds funds
t funds
year
year
£ £
£
£
£
Incoming resources (Note 3) F01 F02
F03
F04
F05
Donations, legacies and
Grants 3 - 27,539
-
27,539
5,000
Membership subscriptions 6,241 6,241-
-
6,241
5,127
- -
-
-
-
S0
Total incoming resources 1 6,241 241
27,539
-
33,780
10,127
Resources expended (Notes 4-7)
Charitable activities
Administrative expenses
Premises and utilities
Insurance
Office expenses
Premises and utilities
Total resources expended
Net incoming/(outgoing) resources
before transfers
Gross transfers between funds
Net incoming/(outgoing) resources
before other recognised gains/(losses)
Other recognised gains/(losses)		 4
4
4
4
4
4
S0
2
S0
3
S0
4
S0
5		 -
7,303
-
7,303
2,788
-
1,055
-
1,055
855
-
6,166
-
6,166
2,480
-
469
-
469
477
-
152
-
152
-
40-
-
40
720
- -
-
-
-
- -
-
-
-
- -
-
-
-
- -
-
-
-
40
15,145
-
15,185
7,320
6,201
12,394
-
18,595
2,807
- - -
-
-
6,201
12,394
-
18,595
2,807
~~ee ee~~
~~ee~~
~~ee ee ee~~
~~es ee ee~~
~~ee ee ee ee~~
~~es eeee~~
~~ee eeee~~
~~ee ee ee~~
~~ee eeee~~
~~ee ee ee~~
~~Se ee~~
~~So		 ~~
~~

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The Shed Antrim ~~ee~~ Charity No: 109776

Gains and losses on revaluation of fixed assets for the charity’s own use

Gains and losses on investment assets

Net movement in funds Total funds brought forward Total funds carried forward

- - - - -
- - - - -
6,201 12,394 - 18,595 2,807
2,807 - - 807 - - 807 - - 2,807 -
9,008 12,394 - 21,402 2,807

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The Shed Antrim

Charity No: 109776

Section B Balance sheet

Note
Total this year Total last year
£ £
Fixed assets F01 F02
Tangible assets (Note 8) 8 1,413 1,649
- -
Investments (Note 9) 9 - -
Total fixed assets 1,413 1,649
Current assets
Stock and work in progress - -
Debtors (Note 10) - 1,150
(Short term) investments - -
Cash at bank and in hand 9 19,989 8
Total current assets 19,989 1,158
Creditors: amounts falling due within one
year (Note 11)
Net current assets/(liabilities)
Total assets less current liabilities
Creditors: amounts falling due after one
year (Note 11)
Provisions for liabilities and charges
Net assets
Funds of the Charity		 10
11		 - -
19,989
1,158
21,402
2,807
- -
- -
21,402
2,807
~~pf~~
~~a~~
~~a~~
~~aa~~
~~a~~
Unrestricted funds 12 9,008 2,807
Designated funds 12 - -

Unrestricted funds Designated funds

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The Shed Antrim
Charity No: 109776
9,008 2,807
12 12,394 -
12 - -
Total funds 21,402 2,807
Signature Date of approval
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Total unrestricted funds Restricted income funds (Note 12) Endowment funds (Note 12)

Signed by one or two trustees on behalf of all the trustees

The Shed Antrim

Statement of Financial Position for Year Ended 31 March 2025

The unincorporated organisation entitled to exemption from audit for the year ended 31 March 2025.

The members have not required the organisation to obtain an audit of its financial statements for the year ended 31 March 2024.

The trustees acknowledge their responsibilities for

The financial statements were approved and authorized for issue by the Board of Trustees on

31/12/2025 and were signed on its behalf by:

Evelyn Smyth – Trustee (Chair)

Elaine Stewart - Trustee (Treasurer)

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Notes to the Financial Statements

Basis of preparing the financial statements

The financial statements of the charitable unincorporated organisation, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Accounting Policies

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. It is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

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Restricted funds can only be used for particular restricted purposes within the objects of the charity.

Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Analysis of Incoming Resources

Note 3 Analysis of incoming resources

This Last
Unrestricted Restricted Unrestricted Restricted year year
Analysis £ £ £ £
Donations, Antrim Newtownabbey
legacies and Council 5,000 5,000 5,000
Grants Impact Network
2,139 2,139 -
ASDA Foundation
400 400 -
The National Lottery 20000
20,000 -
Total
27,539 5,000
Membership Subscriptions 6241 6241
subscriptions 6,241 5,127
- -
- -
Total
6,241 5,127

Analysis of Resources Expended

Note 4 Analysis of resources expended

This Last
Unrestricted Unrestricted
Restricted		 year year
Analysis £ £ £ £

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Materials and For charitable purposes
equipment 7,303 7,303 2,788
- -
- -
Total Total
-		 -
7,303		 7,303 2,788
Office Expenses - -
Administrative Administrative 1,055 1,055 645
expenses Advertising - -
- 210
- -
Total Total
-		 1,055 1,055 855
Premises and Rent - -
utilities 6,166 6,166 2,480
- -
- -
- -
Total Total
-		 -
6,166		 6,166 2,480
Insurance Insurance - -
469 469 477
- -
Total Total
-		 -
469		 469 477
Repairs and Repairs
Renewals 152 152 -
- -
Total Total
-		 -
152		 152 -
Donations Donations
40 -
40
720
~~es~~

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- -
- -
Total Total
40		 - -
40		 720

Details of Certain Items of Expenditure

Note 5 Details of certain items of expenditure

5.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-ofpocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid,

please enter ‘None’ in the appropriate box(es).

Number of trustees who were paid expenses

Nature of the expenses

Total amount paid

This year Last year
0 0
Reimbursement for
money expended
in the course of the
charity
£
-		 £
£
-

5.2 Fees for examination or audit of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).

Independent examiner’s or auditors' fees for reporting on the accounts

nothing was paid please enter NONE in the appropriate box(es).
This year Last year
£ £
0 0

Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor

Paid Employees

Note 6 Paid employees Please complete this note if the charity has any employees.

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6.1 Staff Costs

6.1 Staff Costs
This year Last year
£ £
Gross wages, salaries and benefits in kind
- -
Employer’s National Insurance costs
- -
Pension costs
- -
- - - -
Total staff costs
- -
6.2 Average number of full-time equivalent This year Last year
employees in the year Number Number
The parts of the charity in
which the employees work - -
- -
- -
- -
Total Total
- - - -

6.3 Defined contribution pension scheme

Please complete if a defined contribution pension scheme is operated. Brief details of the scheme N/A

N/A

This year Last year
£ £
0 0
The costs of the scheme to the charity for the year
The amount of any contributions outstanding at the year 0 0
end
The amount of any contributions prepaid at the year end 0 0

Grantmaking

Note7 Grantmaking

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Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

7.1 Total value of grants

Purpose for which grants made Grants to
institutions
Total amount		 Grants to
individuals
Total amount
£ £
- -
- -
Total - -

7.2Grants made to institutions

If the charity has made grants to particular institutions that are material in the context of its grantmaking please give details of the institution supported, purpose of the grant and total paid to each institution listed. Sufficient information should be given to provide a reasonable understanding of the range of institutions supported.

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Total amount
of grants
Names of institutions Purpose
paid
£
-
-
-
-
Total grants to institutions -
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Tangible Fixed Assets

Note8 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

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8.1 Cost or valuation

Freehold Other Plant, Fixtures, Payments Total
land & land & machinery fittings on account
buildings buildings and motor and and assets
vehicles equipment under
construction
£ £ £ £ £ £
Balance brought - -
forward - - 1,649 - 1,649
Additions - -
- - - - -
Revaluations - -
- - - - -
Disposals - -
- - - - -
Transfers * - -
- - - - -
Balance carried - -
forward - - 1,649 - 1,649
8.2 Accumulated depreciation and impairment provisions 8.2 Accumulated depreciation and impairment provisions
**Basis Fair Value Fair SL SL SL
Value
** Rate ** Rate
N/A		 N/A 25% 25% 25%
Balance brought - -
forward - - - - -
Depreciation - -
charge for year - - 236 - 236
Impairment - -
provisions - - - - -
Revaluations - -
- - - - -
Disposals - -
- - - - -
Transfers* - -
- - - - -
Balance carried - -
forward - - 236 - 236

8.3 Net book value

- - 1,649 - -
-		 1,649

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Carried forward - -
- - 1,413 - 1,413

8.4 Revaluation

If any fixed assets have been revalued please give details of the valuer and method of valuation

Cash & Investment Asset

Note 9 Cash & Investment assets

Please complete this note if the charity has any investment assets.

9.1 Fixed assets investments

Carrying (market) value at beginning of year Add: additions to investments at cost Less: disposals at carrying value Add/(deduct): net gain/(loss) on revaluation Carrying (market) value at end of year

£ - - - - -

Please provide below:

9.2 A breakdown of the market values of investments shown above agreeing with the balance sheet row B03.

9.3 A breakdown of the income from investments agreeing with SOFA.

Analysis of investments 9.2 9.3
Market Income from
value at investments
year end for the year
£ £
**Investment properties ** -
-
Investments listed on a recognised stock exchange or -
held in common investment funds, open ended investment - -
companies, unit trusts or other collective investment
schemes
Investments in subsidiary or connected undertakings and -
**companies ** -

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**Securities not listed on a recognised Stock Exchange ** -
-
Cash held as part of the investment portfolio -
-
**Other investments **
-
-
Total -
-

9.4 Material investment holdings

If any investments are material in terms of their value (for example each represents more than 5 per cent of the value of the charity’s total investments) please provide details.

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Market
value at
year end
Investment held £
-
-
Total -
9.5 Cash at Bank and In Hand
Current year Previous year
£ £
Cash at bank Restricted -
18,595
Unrestricted
1,394 8
Total
19,989 8
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Debtors & Prepayments

Note 10 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Analysis of debtors

Amounts falling Amounts falling due due after more than within one year one year

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This Last This Last
year year year year
£ £ £ £
Trade debtors - - - -
Amounts due from subsidiary and
associated undertakings - - - -
Other debtors - - - -
Prepayments and accrued income - 1,150 - -
Total - 1,150 - -

Creditors & Accruals

Note 11 Creditors and accruals

Please complete this note if the charity has any creditors or accruals. 11.1 Analysis of creditors

11.1 Analysis of creditors
Amounts falling due
within one year		 Amounts falling
due after more than
one year
This Last This Last
year year year year
£ £ £ £
Loans and overdrafts - - - -
Trade creditors - - - -
Amounts due to subsidiary and associated
undertakings - - - -
Other creditors - - - -
Accruals and deferred income - - - -
Total - - - -

11.2 Security over assets

If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.

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Endowment and Restricted Income Funds

Note 12 Endowment and restricted income funds

Please complete this section if the charity has any endowment or restricted income funds.

12.1 Funds held

Please give a brief description of any of the following type of funds held by the charity:

Type PE, Fund Name EE , R or Purpose and restrictions other

12.2 Movements of major funds

Please give details of the movements of the major funds summarised in the unrestricted, restricted and endowment columns of the Statement of Financial Activities.

Activities.
Fund names Fund
balances
brought
forward
£		 Incoming
resources
£		 Resources
expended Transfers
£		 expended Transfers
£		 Gains
and
losses
£		 Fund
balances
carried
forward
£
- - - - - -
Antrim
Newtownabbey
Council		 - 5,000 -5,000 5,000
-		 - -
Impact Network 2,139 -2,139 2,139 - -
ASDA
Foundation		 400 -400 400 - -
The National
Lottery		 20,000 -7,606 7,606 - 12,394
Membership
Subscriptions		 6,241 -40 40 - 6,201

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- -
- -
- -
- -
- -
- -
- - - - -
Total Funds - 33,780 - 15,185 - - 18,595

12.3 Transfers between funds

Please give details of any transfers between funds.

From Fund To Fund (Name) Reason Amount
(Name)
12.4 Analysis of net assets between funds
Unrestricted Restricted Endowed Total
funds funds funds
£ £ £ £
Fixed assets - 1,413 - 1,413
Investments
- - - -
Net current
assets 1,394 18,595 - 19,989
Creditors due
in more than
one year and
provisions -
Total net
assets 1,394 20,008 - 21,402

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Transactions with Related Parties

Note 13 Transactions with related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in note 5) details of such transactions should be provided in this note. If there are no transactions to report, please enter “None” in the relevant boxes.

13.1 Remuneration and benefits

Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee or other related parties by the charity or any institution or company connected with it.

Name of trustee or related party Legal authority (eg
order, governing
document)		 Amounts paid or benefit
value		 Amounts paid or benefit
value
This year
£		 Last year
£
0 0
0 0

13.2 Loans

Please give details of and amounts owing to or from the charity’s trustees or other related parties by the charity at the year end.

Name of trustee
or related party		 Legal authority Amount owing Amount owing
This year
£		 Last year
£

13.3 Other transaction(s) with trustees or related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a trustee or related party has a material interest.

Name of the
trustee or		 Relationship to Description of the This year Last year
related party charity transaction(s) £ £

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Other Disclosures

Note 14 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts.

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