REGISTEI REI D COMPANY NUMBER: N1022541 (Northei'n li'eland) RCI GISTEI RE( D CHARITY NUIIIBER: NIC100149 ort oft- the Triistees 42nd Financial Statements for the Year Ended 31 March 2024 for Women's Resource and Develo Com an Limited an Limited b Guarantee nient A eiic Acom Lynii Di"ake & Co Ltd Stattitoi'y Auditoi's I st Floor 34 B-D Maiii Sti-eet Moii'a Co. ATinagh BT67 OLI Women's Resource and Develo Com an Limited ment A enc Contents of the f4 inancial StatL Tnents lor the Year Ei nded 31 mai.ch 2024 Page Reference and Adtninisti-ative Details Report of the Ti'llstees Repoi't ot the Independent Auditors 10 to 13 St<ement of fi iiiancilll Activities 14 Statement of fiinancial Position 15 Statement of Cash filows 16 Note5 to the Statement of Casli f4lows 17 Notes to tlie Financial Statements 18 10 34 Detaijcd Statement ol. Financial Activities 35 to 36 Women's ResourLe and Deirelo Cotn Limited ment A enc Rek'erenee and Administj'ative Detai15 foi. the Year Ended 31 March 2024 TRUSTEES Anne O'Reilly Karen ￿'1]iSti.0ng Eileen Weil. Alexandi"a MLCaiTy Robyii Clcire Scott Kendall Boiisqiiet (i'esigiied 81612023) Caoiinhe Ni Dlionaill Michelle McLaiighliii Giaiillie Mackel (appointed 181112024) Loiiise McKeoMin (appointed 141312024) Sopliie Meiiwissen (appoiiited 91112024} Catheriiie Minford (api)ointed 81112024) COMPANY SECRETIUiY Eileeii Weir REGISTERED of4 FICE 6 Mount Cliarles Belfast Co. Anti'iin BT7 INZ RECISTERED COMPANY NUMBEI R N1022541 (Northern Iieland) REGISTEREI D CHARITY NUMBER NIC100149 AUDITORS Lyiui Drake & Co Ltd StatLitory Aiiditors I st Flooi- 34 B-D Main Street Moira Co. Alinagli BT67 OLE Women's Resoui"ce and Develo Com an Lin]ited Jnent A enc oi't of the Triistees fol" the Year Ended 31 Marcli 2024 Tl)e liustees who al'e also dii-ectoi's of the cliarity foi. tlie piiiyoses of the Coinpanies Act 2006, pi'esenl theii. report with the fiiiaiicial statements of tlie cliarity foi. the year ended 31 Marcli 2024. The trustees Iiave c1dopted Ilie PL'OVlSlOllS of Accountiiig aiid Repoi'ting by Charities.. StateineDt of Recoiwnended Practice appliciÉ ble to cliarilies pi'epaiiiig tlieii. accoiints iii accoi-dallce witli Ilie Finaiicial Reporting Standard applicable in Ilie UK and Republic of Irelaiid (FRS 102) (effective l Jaauary 2019)- OBJECTIITES 2iND ACTIVITIES Objectives and Aims Tlie aiins of the cliarity (wliich has 800 meinber groiips and individuals througliout Northern Ireland) have beeii eiic2psulated in the following iiiission statement.. MtRDA's inission as a iegional organisation is to advance woinen's equality and participation in society by workiiig to ti'an8fonn political, ecoiioinic, SOCiÉ11 and cultuial coiiditions. 'riie f4ollowing re Icey Airns of MqiDA l. To develop tlie capacity of woinen frorn disadvantaged ui'ban and i-ural coinLnunities to tackle inequalities affectiiig thein. 2. To advance woineii's eqiial?ty aiid p81.1icipatioii in all aspects of policy aiid decision inakiiig. 3. To provide leadei'sliip, infi'ash-uctural suppoTI and advocacy widiiD tlie woinen's sectOTlinoveinent. 4. To strengtlien the caplL city of WIiDA to carry out its i'0Se effectively. Women's Resource nd Develo Com an Lin]ited ment A enL ort ot. the Tj'ustees for tlie Year Ended 31 Marcli 2024 OBJECTIVES IIND ACTtVITIES Key Activities of the Oi'gq¥ nisation The followiiig are tlie key activities of WRDA.. Empowerment and Taclding Inequalities: l. Coi)lliiiiiiity Facilitator Pi.0￿.a1]lme Level 3 delivered iii Colei'aiiie witli l O woiiieii coiiipletiiig. 2. col￿Ni1]lity Facilitator FoFiltn 12 woineii coTnpleted i'efi'esher ti-aining and upskilling. 3. Coimnuiiity Cnl' The charity is coiitt'olled by ils governing docuiiienl, a deed of trLlSt, and constitutes a liiniled coinpany, liinited by giiaraiilee, as defm¥d by tbe Coiiiplc iiies Act 2006. Charity Constitution Women's Resoui'ce aiid Development Agency Coinpaiiy Liinited is a i-egistered charity with HMRC, iiiimber XR 94553. It is also regrisleied witli Tlie Cliarity Coiiunission foi Nortliei'ii trelatLd, i'egistralion nuinber NIC100149. Govei'nance of the CR)ai'ity The Maiiageiiiellt Con]niittee of WRDA ineets approximately evely 6 weeks. Il is responsible foi- the strategic dii'ection of the Oiganisation and ovei'sees tlie Iiianageineiit of the Oi"ganisatioii. The day-to-day manageinent and 01)eratioii of tlie activities are CaiTied oiit by a staff team, led by the Dll'ectoi. and the Senioi. MaiiageLllellt Teani, who also i'eport regiilai-ly to the Board. Directoi's arc appointed accoi'ding to Ilie specific skills requii'ed by the Oi'ganisation to fiilfil its i'esponsibilities as outlined in its Sttategic Plan and al-e i-atified on a yeai'ly bi£ sis at the AGM. Rel&qted Pai'ties The following is a related party lo the Woinen's Resource and Developmeiil Ageiicy Coinpdny Liinited.. CoiThniinity DiTect Ltd WomLin's Resource and Develo Com an Limited ment A enc oi't of the Triistee5 foi. the Year Ended 31 March 2024 STATEMENT ofi TIIUSTEES, RESPONSIBELITIES Tlie ti-ustees (wlio at-e also tlie Dii'ectoi's of Woiiien's Resoiii'ce aiid Developinent Agency Coiiipaiiy Liii)ited for Ihe pui'poses of coiiipaiiy law) al'e responsible foi. prepariiig the Rei)oLt of tlie Ti'iistees and tlie fii)aiicial stateineiits iii accordance witli c2pplicable law and United Kingdoin Accoiiiitiiig Siaiidai-ds (United Kiiigdoin Geiieially Accepted Accounting Pi-actice) incliidiiig Fiiiaiicial Repoiting Standard 102 'Tlie Fiiiai)cial Reporting Standard applicable in tlie UK and Repiiblic of Ireland" Coinpany law i'eqiiires tlie trustees to pi'epare financi¢11 statements foi. eacli fiiiancial year wliicli give a hiie and fail. view of tlie state of affall-s of the charitable coinpany and of tlie incoming A'esoiirces and application of iesources, including the incoine and expendituie, of the charitable compÉ1ny foi. tliat pei'iod. lil pi-epariiig those finaiicial stateiiieiits, tlie tiiistees are reqiiii'ed to.. select suitable accounting policies and then apply thein consistently. observe the inethods aiid principles in tlie Charity SORP. iiiake judgeineiits and estiirjates that are reasonable aiid priident- pi-epai'e the financial slaleinents on the going concein basis iinless it is inappi-opi'iate to piesuine that tlie cliaiitable coinpaiiy will coiitiiiiie iii biisiiiess. The ti'iistees al'e responsible foi. keeping pi'opei. accountiiig i-ecoi'ds whicli disclose witli I'easonable accLiiacy at any liine t'he financial position of tbe charitable coinpany and to enable tliem to ensure Ihat tlie finc111cial stateinents coinply witli the Companies Act 2006. They are also i'esponsible for safeguai'ding the assets of tlie chai'itable coinpany and heiice foi- takiiig i'easonable steps foi- tlie PL'eventio)i aiid detection of fralid aiid otliei. irregularities. In so far as tlie trLiStees are (iwaie.. there is iio relevaiit (iiidit infonnLilioii of whicli the oliaritable coinp1c DY'S aiiditoi's are iiiiawaie,. and the tTUStees Iiave taken all steps tliat they ought to have taken to inake tlieinselves awcire OF any relevant audit iiifoi-lnation and to establish that the auditoi's ale awai'e of Ihat iiifoi-iiiatioii. AUDITORS Tlie aiiditoi-s, Lynn Drake & Co Ltd, will be pi-oposed for re-appoiiitinent at tlie forlhcoiiiing Annual Geiieral Meeting. Tliis iepoi'l has beeii pTepared in accoi'dance witli tlie special pi-ovisions of Part 15 of tlie Coinpanies Act 2006 relating to sinall cotnpaiiies. Appi'oved by order of tlie Board of TrLlStees on l Aiigiist 2024 aiid si￿]ed on its belialf by: Eileeii Weir - Seoielai'y oi't of the Inde endent Auditors to the Trustees #nd Members or Women's Resource and Develo ment A Com Liniited Opinion We have aiidited Ilie fu]aiicial statements of Woineii's Resoui-ce and Developiiienl Agency Coinpany Liniited (Ilic 'cliaritable coinpaiiy,) for the year euded 31 Marcli 2024 which coinprise the Statement of Financial Activities, tlie Stateiiient ot Finaiicial Positioii, the Stateiiieijt of Casli Flows and iiotes to tlie finaiicial stilteineiits, incliidiiig a suinmary of Si￿71fiCallt accouiiting policies. Tlie financial reporting fr1£ iiiework that lias becn applied in tlieii- preparation is applicable law aiid Uiiited Kingdoiii Accoiinting Standards (United I(i?Igdoir) Generally Accepted Accounting Pr1< clice), ijicllidiiig Financial Repoi-tiiig Staiidai'd 102 'The Fiiiancial Reporting Staiidard applicable in the UK and Republic of Ireland,. In oiir opiiiioii tlie financial stateinenls.. give a ttue and fall. view of tlie slate of tlie cliaritable conipany'g affau's as at 31 March 2024 and of its iiicoining resoiirces and application of resoiirces, includiiig its income aiid expeiidittire, for the yeai- tbeii eiided. liave been piopei'ly prepared in accordance witli United Kingdoiii Genei'ally Accepted Accounting Practice, including Finaiicial Repoi-ling StandEJrd 102 'Tlie Financial Reporting Standard applicable in the UK and Republic of h'eland,; É1nd haire beeii pi'epared iii accoi'daiice witli the reqiiiremeiits of the Coinpanies Act 2006. Basis foi. opinion We coi)diicled oiii. aiidit in accordance with Inteinaliollal Standards on Aiidiling (UK} (ISAS (UK)) and api)licable law. Oui. i'esponsibilities Linder tliose standards ale ftiitlier desci'ibed in the Auditoi's, responsibilities foi the audit of the finaiicial stiTrtemeiils sectioii of OLli ieport. We ale uidependeiit of Ilie charitable coinp1É ny in accoi-dance with tlie etbical requiTeLneiits that are i-elevaiit to oui. audit of Ilie finaiicial statements in tlie UK, including tlie FRC'S Etliieal Standard, and Ilie pi'ovisions available foi- SiT)all eiitities, in the cii-cuinstances set out iii iiote 18 to tlie fii)ancial stateineiits, aiid we hlive fulfilled OLir olliei. ethical reqpoiisibililies in accordance willi these i'equireineiils. We believe tliat Ilie audit evideiice we liave obtaincd is sufficient and appi'opriate to provide a b8sis for oiir opinioii. Conclusions i-elating to going concern In auditing the financial stateiiieiits, we have concluded tliat the tnistees, use OF the going concern basis of accoLinliiig in tlie prepai-alioii of the financi(il stateiiieIits is appi-opi-iate. Based oil tlie woi'k we Iiave pei'foniied, we have not ideiilified any Jnaterial Liiicertaiiities relatllig to eveiits or coiiditions tliat, iiidividiially oi. collectively, iiiay cast SI￿llfIcant doiibl on tlie chai'itable coinpaiiy's ¢ibility to continue as a going concein for a period of at least twelve Inontlis from wheii tlie financial stateinents are aullioiised foi. issue. Oiii- i"esponsibilities aiid tlie i'esponsibilities of Ilie trustees witli i'espect lo going concern are described in tlie relevant sectioEis of ibis i'eport. io oi't of the Inde endent Aiiditoi's to the Trijstees and Menibei's of Women's Resoul'ce and Develo ment A Com an LiTnited Otliei" intormsgtioii Tlie ti-ustees al'e respoiisible for tlie otliei- iiifonnatioii. The otliei. infoiiiiatioii coiiipi-ises the iiifonnation included iii tlie Ai)ilLial Repoi't, otliei tlian tlie fiiiancial slateineiits aiid Oill. Repolt of the Indepeiident Auditors thereon. Oiir 01)inioii oil tlie financial slateiiients does not cover tlie otliei. iiifoi'inatioii and, except to tlie extent oiliei'wise explicitly stated sn oui repoi"I, we do not express any forin of assurance concliision thereoii. ln coilliection with oui. aLidit of tlie financial slateiiients, our i'esponsibility is lo read the otliei. iiifoi-iiiation and. in doing so, consider wliethei- the otliei- infoii]iatioii is maleiially incoiisistent with tlie financial statenients or oui- ktiowledge obtained iii tlie aiidil or othei-wise appears to be Jnateril< Ily iiiisslated. If we identify siich iiiaterial inconsisteiicies or appai'ent inatei-ial iiiisstateinents, we are i'eqiiii'ed to detennine wlietlier tlus glves i'ise to a matei'ial niis.glateinent in the financial statements tlieinselves. If, based on die work we Iiave pei'foi'iiied, we concliide tliat tlittie is a mateiial niisstatement of tliis other infoirnation, we are ieqiiii-ed to i'epoit Iliat fact. We Iiave nothing to repoit in tliis regard. OpiDions on other Tnatters prescribed by the Cotnpanies Act 2006 Iii oui opiiiioii, based oil the woi'k uiidei'takeii lll tlie coiirse of the aiidit.. the infoiinalion given in tlie Report of tlie Tiiistees for th¢ financial year for wl]ich Ilie fiiiancial statemeiits ai'e pi-epai'ed is consisteiit with tlie financial stateiiien15' and the Repolt of tlie TrLlStees lias beeii prepai'ed in 1( ccoid1c nce with 12pplicable legal i'eqiiii'emeiits. Matters on which Ive al'e required to report by exception Iii tlie liglit of tlie l(nowledge and uiidei-staiiding of the cliaritable coinpaiiy and its eiiviroiunent obtained in the coui'se of the audit, we have not identified iiiaterial iiiisstaleiiients in tlie Report of the Ti'iistees. We Iiave nothing to report in i'espect of tlie follomijiig mattel's whei-e the Coinpanies Act 2006 reoiiires us to report to siou if, in oiii. opii]ion'. adequate accoiinting records have not beeii kept oi. retui'lls adequate for our aiidit h1( ve not been received fi'oiii bl-anches iiot visited by lis. or tlie fiiiancial slateinenls are nol in agreeinent with the accoiinting recoi-ds and i-ettirns,. or cei'lain disclosures of h'ustees, reiniiiieratioii specified by lnts continiied for the Year Ei nded 31 March 2024 ACCOUNTING POLIC'IES - continued Basis of prepai'ing tlie fjnancial statements Assets llot ineasiired at fail. value al'e ieviewed foi aiiy indicalioii that tlie asset inay bc iiiipaii-ed at eacli balance slieet dclte. If siicli indication exists, tlie recovei'able ainount of tlie asset, oi- tlie asset's casli gencratiiig iinit, is e8li)nated and coiiipared to the cari'yiiig aiiioiint. Whei'e tlie caffyiiig ainoiint exceeds its i'ecoverable ainoiinl, ali iinpaii'iiient loss is iecogiiised in pi-otit oi loss iiiiless tlie assel is carried at a ievalued aiiiolint wliere the iiiipairiiient Ioss 15 a i-evaliiatioii decrease. (i) Provisioiis Provisions al'e Tecognised when the cliarity has an obligation at tlie balance slieet date as a resiill of a past event, it is pi'obable that an outflow of econoiiiic benefits will be i'eqiiired ill settleinent aiid tlie ainoiint can be reliably estiinated. ti) Leases Asset5 acqiilled linder finance leases al'e Gapitalised and depreciated over the slioiter of the lease teirn and the expected Liseftil life of the asset. Miniinuin lease payinents ale appoilioned between tlie finance charge and tlie reduGtioll of tlie outstanding lease lilc bility using tlie eflective intei'est inetliod. Tlie related obligatioiis, net of future fiiiaiice chaiges, al'e included in ci'editors. Rentals payable and receivable under operating leases are charged to tlie SOFA on a straight line basis ovei. the period of the lease. (k) mployee benefits When employees have rendered sei'vice to the cliarity, sliort-tei-ln einployee beiiefits to which the ejnployees al'e eiititled al'e i'ecogllised al the iindiscoiiiited aiiioiint expected to be paid in exchange for tliat service. Defined contributions pension scheme Tlie chal'ity opeiates a defined collh'ibiition i)lan foi. tlie beiiefit of its e?nployees. Co)Ih'ibutions al-e expeiised Ils tliey becoine payLible. Defined benefit pension scheme The chaiity participates iii The Pensions Trust's Growtli Plaii (The Plaii). The Plaii is fuiided and is iiot contt'acted-out of the State scheme. The Growth Plan is a multi-einployer pensioii plan. Women's Resoui-ce and Developiiieiit Agency Coiiipany Liiiiited al'e unable to identify its share of the iindei-lyiiig assets Ic nd liabilities, thei'efoi'e, iii accoi'dance witli FRS 102, il lias been accoiinted for as if it 18 il defined contiibiition sclieine. Thc additioiial coiilributioiis wliich Woineii's Resoiirce aiid Developmejit Agrency Coiiipany Liiiiited ale con]niitted to pay as at 31 March 2024 have been iiicluded in tlie balance slieet. The cliaiity also i)ai'licipates in The Peiisions Trust's Noithei'ii Irelalld Cli