Charity registration number NIC100063 Company registration number N1042702 (Northem Ireland) STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 MARCH 2023
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD CONTENTS Page Charity Information Trustees. report Independent examinerfs report ststement of financi activities Balance sheet 10 Notes to the financial statements 11-22
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD LEGALAND ADMINISTRATIVE INFORMATION Trustees Patricia Anne Simpson (Chair) Rebecca Lovell (Vice Chair) Josh Willis rfreasurer) Rachael Ferguson (Se(xetary) Hester Clarke Elizabeth Dixon Carla Linton (Appointed 6 July 2022) (Appointed 6 July 2022) (Appointed 12 Odober 2023) Secretary Rachael Ferguson Charity number NIC101)063 Company number N1042702 Registered office 12 Bawnmore Place Strathfoyle Dery-Londondery BT47 6XP Independent examiner Moore (Nl) LLP 21r23 Clarendon Street DerylLondondery BT48 7EP Bankers Bank of Ireland 27 Culfflore Road Londonde BT48 8JB
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The trustees present their annual report and financial statements for the year ended 31 March 2023. The finanal statements have been prepared in accordance with the accounting polieS set out in note 1 to the financial statements and comply with the charity's goveming document. the CoTnpanies Act 2006 and "Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 January 2019)" Objectives and activities The objects of the charity as stated in the Memorandum of Association are to relieve povety. to advan¢e education and Ihe preservation and protection of health specifically, but not exclusively. among women residing in the Strathfoyle and rural Dery areas and their environs by and in particular. associating the ststutory authorities. cornmunrty and voluntsry organisations and the inhabitants in a common effort to advance education, and to provide faciltties in the interests of soual welfare for recreation or other leisure time occupation wtth the object of improving the conditions of life for the said inhabitants; the advancement of education, training or retraining, particularty among unemployed people, and providing unemployed peopl8 Wlth work experience; the maintenance. improvement or provision of public amenities; the provision of assistance in the provision of recreational faolities for the public at large andlor those who, by reasons of their yOLrth, age. infirmity or disablement. poverty or social and economic ¢ircumstances, have need of such facilities; the provision of public health facilbties and thildcare. Our mission Is to provide high qualty individual, famity and community support for people living in the Strathfoyle area. Central to Ihis is the provision of a range of education and training opportunities, tailored in response to need and SUPPOrted wf(h high quality childcare. We also seek to influence and encourage other agencies to address social and economic needs and other specific issues facing the community. We prioritise working in partnership wilh others to achieve our strategic aims. We review our aims. objectives and aciivities eath year to ensure that they remain focused on their stated purposes. We provide a wide and varied program of aclivstses and events to enable women to access opportunities for learning and development in a flexible and supportive environment. We prowde childcare focused on the needs of the child, taking a¢count of the needs of women from a wide range of backgrounds and experiences. We work in partnership with women's organisations and other agencies in the North West, at a regional lèvel and beyond, to influence positive change in the field of women's equality, leaming and development. At Strathfoyle Women's Activty Group we aim to: Educate Working with local organisations and individuals. we provide educational facilitses so that all our stakeholders have an equal opportunity to develop their full potential. Support We provide individual. family and community support to our stakeholders, offering the opportunty to make a brighter fLrture for themselves and their children. Develop Partnerships We work together wilh a wide range of gTOUP5 to maximise our abilrty to realise our mission. Deliver Quality We aim to deliver SeiceS that are of the highest qualty, that are well planned and managed. We aim to be effective, efficient and accountable in all our work. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what actimties the charity should undertake.
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Achievements and performance During 2022123 we delivered 25 capaaty building education & training programmes to 296 partictpants and provided 90 childcare places each week. We also.. Delivered a series of training programs implemented for staff. volunteers & board of directors. Facilitated Creative Crafts Facililaled an Anxiety Management with CBT Programrne Facilitated 2 Positive Ageing Programme to women aged 55+ one on a Monday and one on a Tuesday, offering Social Interaction Crafts, AmithairAefobics and Holistic Therapies. Facililated Cook it ltsvice) Facilitated Yoga and Mindfulne5S Facilitated Nurturing (twice) Facilitated Art Facilitated Baby Massage Facilitated Baby Yoga Facilitated Baby Swim Facilitated Toddler Swim Facilitated Incredible Years programme Facilitated the MAS Programme Provided a Drop-in Respite Program for Families wtth additional needs Provided a weekfy Jo Jingles Music & Movement program for young children & their parentslcarers. Provided 2 Weekty Sessions of Stay and Play Provided 1 Weekly Session of the Play Programm8 Worked strategically with other women's centres and groups to develop a Regional Infrastructure. Contributed to consultations, extemal bodies and agencies on social economic and communty development issues. Worked with other agencies to f05ter social and economic developmenL Worked in Partnership with Local Communty Groups. Facilitated Mindfulness pro9rammes Facilitated Know, Grow Flow Facilitaled One to One Counselling Facilitated Crodiet Facilitated Managing Challenging Behaviour Facilitated Pediatric First Aid Facilitated Emergency FirstAid Facilttated Understanding Auiisrn One to One Parenting We have also offered Creche for Courses and a Dropin Resptte Creche. We also offer a Parent and Child Together Programme which incorporates." Slay and Play Home Play (During Covid19 Pandemic) Jo Jingles Laughter Yoga Multisensory Activities Trips Fun Time Early Movefs Financial review The tharÉty retained the continued support of its funders during 2022123. Tolal income for the year was £244,295 of which £219,613 was generated from grant funding bodies and £24,682 from donations, course contributions and GP counselling serwces. Total expenditure by the charity was £244.132 all of whith was spent on direct charitable activttses. The balance on total fiJnds at the year*nd was £124,073, of which £22.475 were restricted and £26.719 were general unrestricted funds. Wrthin unrestricted funds, £74.879 has been sel aside as designated funds relating to expenditure incurred on tangible fixed assets. Reserves policy The Trustees consider tt prudent to hold monies in reserve in the event that unforeseen circumstances should lead to financial difficulties which might put the future of rts employment capauty. users, well-being and general charitable work in jeopardy.
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The Trustees have examined the charity's requirements for reserves in light of the main risks to the organisation and established a fomal policy which stipulates that free reserves be maintained at a level which ensures that the charity's core actlvlty could continue during a period of unforeseen difficulty. Free reserves are definèd by the Trustees as unrestricted income funds freely available for use as the charity so determines and thereby exdudes any funds committed, invested in tsngible fixed assets held by the charity and restricted or designated funds. The Trustees, policy is that the amount of free reserves should reflect three months, of operating costs. The Trustees onsider that reserves al this level will ensure that in the event in a signffi¢3nt drop in funding. they will be able to continue the charity's cuent actiwbes whilst consideration is given to ways in which additional funds may be raised. The Trustees, assess that three month's of operating costs amounts to approximately £55.000. Free reserves as at 31 st March 2023 are £19,831. The Trustees continue to strive to build a general level of reseeS in accordance with their policy so thal they will be able to continue the current activities of the charity- In the short teTh, the TNstees have also considered th8 extent to whieh existing activities and expenditure should be curtailed, should circumstance5 arise. Risk Management The Trustees are aware of the major risks to which the tharity is exposed. Where appropriate, systems or procedures have been estsblished to mitigate the risks the charrty fas. Internal control risks are minimised through the procedures for authorisalion of all transactions and projects. Procedures are periodically reviewed to ensure thal they continue to meet the needs of the charity. Procedures are also in place to ensure ¢ompliance with health and safety of staff, volunteers and clients. The Trustees have assessed the major risks to which the charity is exposed, and a satisfied that systems are in plao to mitigate exposure to the major risks. Plans forthè future Strathfoyle Women's Activity Group Ltd, was established in Juty 1986. aims lo relieve povety, to advance educatlonal opportunities and lo provide better heahh and welfare through the provision the provision of faalities and activities for women, lone parents and pre-school children of Strathfoyle and Maydown.. Our project is designed to empower individuals while building their capaty lo enable them lo participate in training events and development activities and health events. The long-tem outcome being that their self-esteem, self awareness and confidence is raised equipping them to become reintegrated into Ihe labour market. also in doing this we aim to break down the barriers to participation, i.e. Crèche facilities being available for all day-time activities to enable women to participate. We offer accredited and non-accredited programmes and offer services such as personal and professional development leading to a rise in self-esteem, sell awareness and conffidence which often is the first step to empowemient. structure. governance and management Governing document Strathfoyle Women's Actiwty Group is a company limited by guarantee and accepted as charitable by HMRC under referènce XR1520211. The company was incorporated on 14th March 2002. The company was established under a Memorandum of Association which established the objects and powers of the company. and is govemed by it5 Articles of Association. The liability of members is limited in that every member of the fflpanY undertakes to contribute an amount nol exceeding £1 in the event ofthe company being wound up.
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The trustees. who are also the directors for the purpose of company law, and who serrfed during the year and up to the date of signature of the finanGial ststements were: Patricia Anne Simpson (Chair) Bronagh McElhill (Vice Chair) Yvonne Mitchell (Treasurer) Rebecca Lovell Ivice Chair) Josh Willis (Treasurer) Rachael Ferguson (Secretary) Hester Clarke Elizabeth Dixon Carlanne Young Holli Collins Catherine Quinn Stephanie Meenan Trevor Curran Carfa Linton Angela Bradley (Resigned 10 July 2023) (Resigned 10 July 2023) (Appointed 6 July 2022) (Appointed 6 July 2022) (Resigned 10 July 2023) (Resigned 10 Juty 2023) (Resigned 2 August 2023) (Resigned 10 July 2023) (Resigned 1 August 2023) (Appointed 12 October 2023) {Resigned 10 July 2023) Recrultment and appolntment of the Trustee5 All members of the board shall retire annually but shall be eligible for election or appointment again. Noffllnations from members of the group for membership of the board must be in writing and must be in the hands of the designatad officer at least seven days before the AGM. Under the requirements of the Memorandum and Artides of Association unless otherlvise determined by the company In General Meeting the number of Trustees shall not be less than four. Trustees are elected to serve only until the nexl Annual General Meeting al which they shall then be eligible for re-election. All members of the Board of Trustee5 give their time voluntarily and reiVed no benefrts from the charity. Organisation Structure The charity is administèred by a Board of Trustees who are responsible for the strategic direction and policy of the company. Board members are from a variety of professional backgrounds relevant to the work of the charity. The board as a whole was approved by the AGM and continues to monitor it5 rnembership. The Board has appointed management team to manage the day to day operations of the charity.
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Statement of trustees. responsibilities The trustees, who are also the diredors of Strathfoyle Women's Activity Group Ltd for the purpose of company law, are responsible for preparing the Trustees. Report and the financial slatements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financ4al statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these finanual statements, the trustees are required to: select suitable accounting policies and then apply them consistentty: - observe the methods and principles in the Charities SORP., - make judgements and estimates that a reasonable and prudent: state whether applicable UK Accounting Standards have been followed. subject to any material departu$ disclosed and explained in the financial statements- and prepare the financial ststements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disdose wtth reasonable accuracy at any time the financial position of the charty and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees, report was approved by the Board of Trustees. Patricia Anne Simpson (Chair) Trustee Dated: 31 January 2024
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD We report on the accounts of the charity for the year ended 31 March 2023, which are set out on pages 8 to 22. Respective responsibilities of trustees and examiner The trustees. who are a150 the directors of Strathfoyle Women's Activty Group Ltd for the purposes of company law, are responsible for the preparation of the accounts in accordance with the reqU1MentS of the Companies Act 2006. Hawng satisfied ourselves that the chartty is not subjert to audil under company law, and is eligible for independent examination, it is our responsibility lo: examine the a¢¢ounts under section 65 of the Charities A (li) follow the procedures laid down in the general directions gNen by the Charity Commission for Northem Ireland under section 65(9)(b) of the Charities Act (iii) stste whether particular matters have come to our attention. Basis of independent examinerfs report We have examined your charity accounts as required under section 65 of the Charities AGt 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 ACL The exarnination induded a review of the accounting records kept by Ihe charty 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 ¢onceming any such matters. Our role is to state whether any material matters have come to our attention gimng us cause to believe: 1. That accounting records were not kept in accordance with section 386 of the Cornpanies Act 2006 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply wilh the accounting requirements of sedion 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in aGGordance with the Financial Reporting Stsndard applicable in the UK and Republic ol Ireland 4. That there is further infomiation needed for a proper understanding of the accounts to be reached. Independent examlnerfs statement We can confinn thal we are qualified to undertake the examination bec2use we a regIsted members of Chartered Accountants Ireland which is one of the listed bodies. We have completed our examination and have no concems in respect of any of the matters (1) - (4) listed above and, in connection with following ihe Directions of the Charity Commission for Northem Ireland, we have found no other matters that require drawing to your attention. Moore {Nl) LLP 21123 Clarendon Street DerrylLandonderry BT48 7EP Dated: 31 January 2024
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Current financial year Unrestricted Unrestricted Restricted funds funds funds general designated 2023 2023 Totsl Total 2023 2023 2022 Notrs Income from.. Donations and legacies Char¢table activities Investments 7,266 17,414 13 7,255 237,027 13 4.266 192,649 219,613 Totsl income 24,682 219,613 244.295 196,917 Ex enditure on: Charitsble activttses 21.106 2.708 220,318 244,132 199,203 Net Incomingl(outgolng) resou beforn trdnsfers 3,576 12,708) 1705) 163 (2,286) Gros5 transfers between funds (9131 913 Net incomel(expenditure) for the yearl Net movement in funds 2,663 12,708) 208 163 (2,286) Fund balances at 1 April 2022 24,056 77,587 22,267 123,910 126,196 Fund balances at 31 March 2023 26,719 74,879 22,475 124,073 123,910 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing aGttvities. The statement of financial activities also complies wtth the requirements for an income and expenditure account under the Companies Act 2006.
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Prior financial year Unrestricted Unrestricted Restrtcted fiinds funds funds general designated 2022 2022 Totsl 2022 2022 Notes Income from: Donations and legacies Charitable activities Investments 4,266 9,088 4,266 192,649 183,561 Total income 13,356 183,561 196,917 enditure on: Charitable activities 11,372 2,708 185,123 199,203 Net incomingl{outgoing) resources before transfers 1,984 12,708) (1.562 {2.286) Gross transfers between fvnds 429 1429) Net incomel(expendlturel for the yearl Net movement in funds 2,413 12,708) 11,991) (2,2861 Fund balances at 1 April 2021 21,643 80,295 24,258 126,196 Fund balances at 31 March 2022 24,056 77,587 22.267 123,910
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD BALANCE SHEET AS AT31 MARCH 2023 2023 2022 Notes Fixed assets Tangible assets 11 81,767 84,680 Current assets Debtors Cash at bank and in hand 12 34.754 22.S97 10,828 33,339 57.351 44,167 Creditors: amounts falling due within one year 13 115.045) (4,93T) Net current assets 42.306 39,230 Total assets less current liabilities 124,073 123,910 Income funds Restricted funds nrestricted fv Designated funds General unrestricted fijnds 16 22,475 22,267 17 74,879 26.719 77,587 24,056 101,598 101,643 124,073 123,910 The company is entitled to the exemption from the audit requ1ment contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023. The directors acknowledge their responsibilities for comptying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the Company to obtain an audit of its financial statements for the year in quèstion in accordance with section 476. These financial statements have been prepared in accordance with the provtsions applicable to companies subject to the small companies regime. The financial ststements were approved by the Trustees on 31 J uary 2024 C47 Patricia Anne Simpson (chr) Trustee Rachael Ferguson Trustee ecretary) Company registration number N1042702 10-
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies Charity infomiation Strathfoyle Women's Activty Group Ltd is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 12 Bawnmore Place, Strathfoyle. Dery-Londonderry, BT47 6XP. 1.1 Accounting convention The financial statemènts have been prepared in accordan with the charity's governing document, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to tharities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" The charity is a Public Benefit Entty as deffined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Ststement of Cash Flows. Th8 financial ststements are prepared in sterling, which is the functional currency of the charity. Monetsry amounts in these ffinanaal statements are rounded to the nearest £. The financial ststements have been prepared under the historical cost wnvention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approwng the financial statements, the trustees have a reasonable expectatlon that the charity ha5 adequale resources to continue in operational exislence for the foreseeable future. Thus the tru5tee5 contlnue to adopt the going concem basis of accounting in preparing the finan¢ral statements. 1.3 Charitable funds Unrestricted fvnds are available for use at the disuetion of the trustees in furtherance of their charitable objectives. Designated funds are unrestricted funds of the charity whlcli the trustees have decided at their discretion to set aside for use for a specific purpose. Restricted funds are subject to specifi¢ condttions by donors as to how they may be used. The purposes and uses of the restricted fvnds are set out in the notes to the financial ststements. 1.4 Income Income is recognised when the charty is legally entitled to it after any performance conditions have been met, the amoLFnts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perfornian condttions requi deferral of the amount. Income tax recoverable in relation to donations received under GIftd or deeds of covenant is re¢ognised at the time of the donation. Legacies are recogni5ed on receipt or otherwise rf the tharity has been notified of an impending distribution, the amount is known, and receipt is expectsd. If the amount Is not known, the legacy is treated as a contingent asset. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, tt is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incued. 11
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 AcGounting policies (Continued) Expenditure on charitable aclivitses indudes the costs of services undertaken to further the purposes of the charity and their associated support costs. Support costs are those functions that assist the work of the chartty but do not direcliy undertake charitable activities. 1.6 Tangible fixed assets Tangible fixed assets are inttially measured at cost and subsequently measured at cost or valuation, net of depreaation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their usefvl lives on the following bases- Freehold land and buildings Office equipment Computers 20h per annum straight line 20.fi per annum straight line 20% per annum straight line The gain or loss arising on the disposal of an asset is detemined as the differeno beeen the sale proceeds and the carying value of the asset. and 15 recognised in the statement of financial a¢tivities. 1.7 Impalmient of fixed assets At each reporting end date. the charity reviews the carying amounts of Its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extenl of the impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. depostts held at call with banks. other short-tem liquid investments wilh original maturtties of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in Current liabiltties. 1.9 Financtal instruments The charty has elected to apply the prowsions of Section 11 '8asic Financial Instruments. and Section 12 'Other Financial Instruments Issue5, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charrtys balance sheet when the charity becoffles party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial ststements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settie on a net basis or to realise the asset and settte the liability simultaneously. Inancial assets Basic financial assets, which indude debtors and cash and bank balances, are initialty measured at transaction price induding transaction costs and are Subsequently carried at amortised cost using the effective inlerest method unless the arrangement constitutes a financsng iransaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets dassiFied as receivable within one year are not arnortised. 12-
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (Continued) Baslc financlal liabilities Basic financial liabiltlies. induding creditors and bank Soans are initialty recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the pre5enl value of the future payments discounted al a market rate of interesL Financial liabilities classified as payable within one year are nol amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade credttors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interesl method. Derecognition of financial liabilities Financial liabilities are derecognised when the charitls contractual obligations expire or are dis¢harg8d or cancelled. 1.10 Taxation The company is a charity and is Tecognised as such by HM Revenue and Customs under the charity tax reference XR1520211. As a resuh, there is no liabilty to taxalion on any of its income. 1.11 Employee benefits The cost of any unused holiday enlitlement is recognised in the period in which the employee's servicos are received. Temination beneffts are recognised immediately as an expense when the charity is demonstrably committed to temiinate the employment of an employee or to provide lemiination beneffts. 1.12 Retirement benefits Payments to defined contribution retirement benefft schemes are tharged a5 an expense as they fall due. Crltical accounting estimats5 and judgements In the application of the chaiitys accounting policies, the trustees are required to make judgements, estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are Considered to be relevant. Actual results may drffer from these estimates. The estimates and underfying assumpts.ons are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and futu periods where the revision affects both current and fvture periods. Donations and legacies Unrestricted Unrestricted funds funds general general 2023 2022 Donations and gifts 7,255 4,266 13-
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charitable activities 2023 2022 GP counselling servi5 Matemal advocaGy SUPPOrt serwces Grant fvnding 13,509 3,905 219,613 6,912 2,176 183.561 237,027 192,649 Analysis by fund Unrestricted funds - general Restricted funds 17,414 219.613 9,088 183,581 237,027 192,649 Grant funding Dept for Social Development- CIF Dept for Social Development- WCCF BBC Children in Need NI Housing Executive- SPOD Garfeld Weslon The Ireland Funds Derry City & Strabane District Council RAPID Pathway Fund Halifax Foundation John Moores Foundation Keadue Community Grants Fund The Nalional Lottery Community Fund The Steele Charitable Trust Other 61.S53 13,946 30,106 18,005 10,000 65,117 13,244 29,606 18,012 4,248 5,785 3,750 27,000 4,800 5,383 2.770 27,000 s,000 11.200 10,000 12,372 17,329 11,999 219,613 183,561 Investments Unrestricted Unrestricted fvnds funds general general 2023 2022 Interest receivable 13 14-
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charitable activities 2023 2022 Stsff cost5 Depreciation and impairment Education, training and childcare programme costs Office admin costs Hèat. light and power maintenan and deaning Other costs 1S3,340 4.992 51,440 13,363 5,103 1,637 12.097 143,306 4.576 26,604 10,760 2,788 3,439 5,570 241,972 197,043 Share of govemance Costs (see note T) 2.160 2,160 244,132 199,203 Analysls by fvnd Unrestricted funds - general Unrestricted funds - designated Restricted funds 21,106 2,708 220,318 11,372 2,708 185,123 244,132 199,203 Support costs Support Governance costs costs 2023 Govemance costs 2022 Support costs Independent Examiner fees 2,160 1160 2,160 2,160 Anatysed between Charitable activities 2.160 2.160 2,160 2,160 Trustees None of the trustees (or any persons connected with them) reiVed any remuneration or benefits from the charity during the year. 15-
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Employees The average monthly number of employees during the year was: 2023 Number 2022 Number Employment costs 2023 2022 Wage$ and salaries Social securty costs Other pension costs 137,978 6,276 9,086 128,845 5,826 8,635 153,340 143,306 There were no employees whose annual remuneration was more than £60.000. 10 Taxation The charity is exempt from tsx on income and gains falling within SelOn 505 of the Taxes Act 1988 or sectlon 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its tharilable objects. 11 Tanglble fixed assets Froehold land and buildlngs Offlc• Comput•rs oquipm•nl Totsl Cost At 1 April 2022 Additions 135.376 85,925 2,079 5,070 226,371 2,079 At 31 March 2023 13S,376 88,004 5,070 228,450 Depreciation and Impaimient Al 1 April 2022 Depreciation charged in the year 52,564 2,708 85,071 1,270 4.056 1.014 141,691 4,992 At 31 March 2023 55,272 86,341 5,070 146,683 Carrying amount At 31 March 2023 80,104 1,663 81.767 At 31 Marth 2022 82.812 854 1,014 84,680 16-
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 12 Debtors 2023 2022 Amounts falling due within one year. Debtor5 Other debtors 30.217 4,537 10,828 34.754 10,828 13 Creditors: amounts falling due within one year 2023 2022 Notes Bank overdrafis Other taxation and social seujrity Other creditors Accruals 14 1,887 378 1,361 3,198 2,689 10,469 15.045 4,937 14 Loans and overdrafts 2023 2022 Bank overdrafts 1,887 Payable within one year 1,887 15 Retirement benefft schemes Defined contribution schemes The charity operates a defined contribution pension scheme for all qualfying employees. The assets af the scheme are held separately from those of the charity in an independently administered fvnd. The charge to profft or loss in respect of defined contribution schemes was £9.086 (2022 - £8,635). 17-
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 16 Rm1Cl•d funds lknwnentln fvr IAgv•m•nt In lufids knGthmini I1•xW¢¢ Tranf•rn It 1 1012 •xp•TrJ•d l April X21 ptfc¢ soc1 D•¥kipnent- CIF Dopt so¢1 Deve1JPnl-CF BBC Chi>Yren in Need Nl Houslng &¥epJlN•- SPOD Path% Fun Sten D•ry Cty & str•bw6 Do[1¢1 Cow¢l RAPID Skiplon BU11n9 Sod•ty Dprnet lor Ccffjmtm EBrfy Ye. CRSF H•lrfax Foundatw Nl Tho stee Ch•riable TNst Keadue Communty Grnnts Fd DCSOC- L•amn9 Ctties Th8 UghlbDdy Foundatton The Am?riran Ireland Fund Th¢ National Lottery Communty Fund t)ther Restrld¢¢ Funds COVID Funding Support DIFFEREP4CE foAIiAL>SE 65.117 132 164.156) 113.S85) 125.2331 18.0121 127.CQ)I 13411 620 61.553 13.ml 30,106 11,006 27.000 10,000 5.303 160.8991 113.9461 131.3661 118,0741 (26,7231 113,2901 15.3831 11,4101 1,274 4,373 3,113 18.012 27.QJJ 969 277 15,ffJ) I4.11) ri,410) 1,360 12 1,174 3.88S 11.1741 CJ.8851 15&31 1.338 2,437 5,565 4237 11,iooi 16,807) 111,2001 12.JT2 11,200 1.785 11,7 11.6fJl 17D91 18,3531 119.558) 3,S39 1.647 1.926 370 P701 10,1300 15.940 14,8001 11501 197 14n 24250 183.$61 1185,1231 22367 219,613 122D,3181 913 22,475
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 16 R••irfctsd fun IContlnu•dl Anatysl• of m•t•d•l r•¥trtth lunth Dept lor Soclal D•v•lown•nt- Inv•¥thi•nt Fund ICVI Fundlng in resp¢0 of Centrè M•nagerandAdmwQFtsw OffKersaW a)d rAkn9 &Kred kn the arth• Crrnunty Inv•¥trn•M Fund pro915rn1•. D•pL for Soelal O•v•lopm•nt- WomvA Cèntr• ChSldtrn Fund (WCCFI Fundlng low•rds Saw ¢05ts ora thd¢ar• cfrudhmicf nnn19 cosls 888ootyJ hlh• ofchllw• 88¢ Chlldr•n In N••d Fundhg forth• sa tsl o mpfta thlld¢•e E4hornMiwJ cotsforth• drup kn thldw• wkabl• Ch(. Nl knuslng Ex•cuiiv•-Sm•ll PockDts olD•PrIvOn ISPOD) Funding yovkled for th¢ d•lNery of •duc8tknd trann9 progr). ¥#Y IrtlI, offrt• •4uYrt. Th• Pthwiy Fund Fundfftg toward$ costs of • thld¢xn r•>tydhf. Th• Garf•ld W•storb Foundiion Fundhg tOVArd5 salary ¢¢$¢5 fv chld¢w• Th• Natlon•l Lott•ry Communlty Fund Fundlng tawardsth• d•li¥•ry ol•du¢knMItrwui9 INfaTrnthd rumry cots &id Th• Steele ¢h4rltable Trust Fundirtg towards th¢ s D)s¢% tthI rf4 K•4du• Communlty Grants Fund Funding towrrtsth• tatsft¢lh• ch&%cv•*•th. 19-
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 17 Designated funds The income fijnds of the tharrty include the following designated fvnds which have been set aside out of unrestricted funds by the trustees for speafic purposes: Balance at Resourcos Balan¢e at 1 April 2021 •xpènded 1 Aprfl 2022 R¢sources Balanc• It expended 31 MaTch 2023 Designated property assets fvnd 80,295 (2.708) 77,587 (2,708) 74,879 80,295 (2,708) 77,587 12,703 74,879 Designated funds represent funding received by the charity to build an extension to the propety at 12 Bawnmore Place, Strathfoyle. A sum equivalent to the depreciation charge on the extension is allocated each year to the designated fund. until it is fully amortised. -20-
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 18 An•tyAls of n•t a*8•ts b•tsx•n fvnds Urnstr5ctsd Unrestrfctod R•strl¢l•d g•n•rnl fvnds fvnds 2D23 T¢l•l d•$ign¥ted funds 2022 funds 2023 20rJ 2Q23 2022 2022 Fund •t 31 Marth 2023 m reprn¥¢nt•d by.. Tw9lbk •ss•ts Currént asa•tslllL8bllttthl 7487• 81,717 42J06 77.587 84.680 39,230 19,131 12A7S 16,963 22,267 26.719 74,879 22A75 124073 24.056 77,$87 22,267 123,91D -21-
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 19 Financial commitmentsi guarantees and contingent liabilities Certain grants received and re1vable may beme repayable to the funder rf the charity is no longer able to meet the conditions under which they were awarded. Due to the nature of these contingencies it may not be possible to quanttfy the potential financial effect or give an indication of the timing as to the liabilrties that may arise. 20 Related party transactions Remuneration of key management personnel The remuneration of key management personnel is as follows. 2023 2022 Aggregate compensation 78,313 80,705 Other related party transactlons There were no other related party transactions during the year. 21 Funds received as an agent Strathfoyle Women's Actiwty Group is the lead partner in SpeCt of the Small Pockets of Deprivation Fund adminiSted by the Nl Housing Executive. During the year. the tharity received incoming resour5 on behalf of other charitable organisations amounting to £28,94012022 - £54,486). This amount was distributed in full as Nl Housing Executive grants during the year and at 31 March 2023, the charty held no amounts in relation to undistributed Nl Housing Execxrtive grants. In relation to the above. the charity is legally bound to pay the funds over to third parties and has no responsibility for their uttimate application. These amounts have not been reflected in the financial statements for the year in accordance with the treatment recommended by the Statement of Recommended Practice 'Accounling and Reporting by Charities". As no amounts are held for distribution at the year end, there is no effect on the reported assets and liabiltties on the balance sheeL