Registered company number: N1034272 (Northem Ireland)
Charity Commission for Northem Ireland number.. NIC100185
HMRC registered charity number". N101295
THE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
CG Taggart AccountanGy Services
Chartered Accountants and Registered Auditor
17 Cypress Crescent
Donaghadee
Co. Down
BT21 OQG

THE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
CONTENTS OF THE TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Page
Refernn¢• and admlnlstrative détails olthe¢haritabl• companyg its
trust••s and advisors
Trustses. report
2-11
Indep•ndent auditorfs r•port on tho finanoial stat•m•nts
12-14
Stat•mant of flnancial activltl•s, Inoorporatlng the Incom•
and •xp•nditur• a¢¢ount
15
Balanaa sh••t
16
Statem•nt of Cash flows
17
Notos to th• financlal statemonts

THE WOMENS TEC (TRAINING. ENTERPRISE & CHILDCARE CENTRE
(A company limited by guarantee)
REFERENCE AND ADMINISTrATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES
AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023
Trustees (direclors for
Sylvia Gordon, Chairperson
the purposes of company And￿a Morrow, Treasurer (from 31 May 2023)
law)
Norah Baillié, Treasurer (resigned 31 May 2023)
Michael Potter
Nuala Griffiths
Nicola Mccrudden (resigned 4 January 2023)
Maria Bradley
Siobhan Brown
Nicola Mccleery (appointed 16 January 2023)
Company reglsterod
number
N1034272 INorth8m Ireland)
CCNI Charlty
roglster•d
number
NIC100185
HMRC registered
charfty number
N101295
Prlnclpal op•r*tlng
and roglsterod
offlc•
29 Chichester Avenue
Belfast
BT15 5EH
Company s•cr•tary
Lisa Mccann
Chl•f Ex•cutlv•
Lynn Carvill
Independent audltor
CG Taggart Accountancy Services
17 Cypress Crescent
Donaghadee
Co Down
BT21 OQG
Bank•rs
First Trust Bank
35 University Road
Belfast
BT7 1ND
Soli¢ltors
Edwards & Co
28 Hill Stre&t
Belfast
BT12LA
Page 1

THE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their annual report together with the audited financial statements of The Womèns TEC
(Training, Enterprise & Childcare Centre) Ltd {WOMEN'STEC) for the year 1 April 2022 to 31 March 2023. The
Annual report serves the purposes of both a Trustees, report and a Directors, report under charitable company
law. The trustees confirm th8t Ihe annual report and financial statements of the charitable company comply with
the current statutory r8quiremenis, the requirements of the charitable company's governing document and the
provisions of the Slatement of Recomm8nded practi￿ {SORP) 8pplicab18 to charities preparing their accounts in
accordanc6 with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)
(effective 1 January 2019).
Sinc8 the charitable company qualifies as small under section 382 of the Companies Act 2006, the Strategic
report required of medium and large companies under the Companies Act 20C6 (Strategic Report and Dir8Ctors'
Report) Regulations 2013 has been omitted.
ObJ•ctlv•s and actlvltlo8
a. Polloles and obJectlv•8
Vlsion: "WOMEN'STEC will be the leading authority in Nl for connecting females with industries in skilled
areas wh8re they are under-represented."
Mlsslon: We support women to tak8 gre8t8r advantage of opportunit18s in sectors and carears where women
are typically under represented.
WOMEN'STEC is register8d with th8 Charrty Commission for Northem Ireland with the following aims..
To prevent andlor relieve poverty and 8dv8nce education and training in Northern Ireland., and
To provide facilities in the interest of advancing women's involvement in Se￿OrS of training 8nd
employment that have Sow levels of female participation, specifically wom8n who are socially and
econom ically disadvantaged.
The purpose of WOMEN'STEC is the advancement of education and the prevention and ralief of poverty and
unemploymant, in particular of women and girls aged 12 or over living in Northern Ireland.
Th8 direct benefits accruing from our purposes as noted with the Charities Commission for Northern Ireland
includ8'.
Students gain qualifications and practical skills-,
Students experience heightened self-esteem and confidence enabling them to move forward into further
training and education or employment;
Stud8nts enhance thair 8mployability, increasing their opportunities to move into further training and
education or employment,. and
Students are better equipped to move into paid employment, thereby increasing their economic security.
Page 2

THE WOMENS TEC ITRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
TRUSTEES, REPORT(CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Objectlves and actlviti•s (continued)
b. Strat•gi•8 tor achlevlng objectives
The strategic priorities were revised for the period 2021-2024. The strategic objectives which direct our annual
operational priorities include:
Continued development of organisation81 resilience and sustainability,.
Raise WOMEN'STEC profile and influence.,
Increase social and cultural impact of WOMEN'STEC programmes.,
Increase reach of WOMEN'STEC programmes., and
Assure corporate governance mechanisms.
c. Actlvitl•s for achlevlng obJoCtIv•s
Since 1998, WOMEN'STEC has supported countless women and girls to develop their confidence, self-esteem,
skills and improve th8ir opportunilies for reaching their full polent181. WOMEN'STEC has grown from a small,
community-based organisation to, what is now considered by SORP, a large charity. This last year represents
a significant milestone in ourjourney to becoming 818rge charity delivering significant impact to tha communities
we serve. During 2022-2023, we delivered our programmes and services through eight core projects supporting
three core target groups- young mothers, women returners and girls of school age.
Connect 4 Women
Year three of the Connect 4 Women project began in April 2022. This partnership project between
WOMEN'STEC, Glow Nl and Shankill Women's Centra brings together the unique strengths of three womèn's
organisations to provide a programme aimed at improving the life opportunities of women across north and west
Belfast. Participants are offered skills training (accredited and non-accredited in trades and IT}, adult leaming
(essential skills, GCSE Maths and English) and personal development. The proor8mm8 provides a personalised
pathway of training and development in a way that IS Sulted to their needs and personal situations, supporting
them furthar with wraparound services such as childcare, health and wellbeing, advice and support to ac￿sS.
This year, WOMEN'STEC, as the delivery agent for skills training under this programm8, delivered OCN courses
in Skills in Horticulture, IT for Work, DIY Skills, Developing Woodworking Joint Skills, Car Maintenanc8 and
Word Processing. Additional to courses d81ivered, we held a Community Services Inform8tion and Women's
Wellbeing Day that aimed to increase aw8r8ness of the support services available in the wider community, and
to take part in wellbeing sessions around relaxation, breast health and other health checks. Participants of
Connect 4 Women also conlributed to a wider piece of research which explored the impacts of the Cost-of-Living
Crisis on local women, with an element of learning how to manage their personal finan￿. Furthermore, some
participants attended The Bad Bridget's exhibrtion on a trip to the Ulster American Folk Park, that brought to life
the stories of thousands of women who lefl Ireland for America in the late 1800'slearly 1900s. A group of
participants also engaged with an external evaluator who undertook an interim evaluation of the Connect 4
Women programme.
Page 3

THE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
c. Actlvltles for achi8vlng objectives (continued)
Hor Space
The Her Space programrne came to a close in De￿mber 2023. Over the period of the programme, women were
equipped with valuable trade skills for independent living. The purpose of the project was to fit out an empty
shipping container and repurpose it to a one-bedroom, self-contained emergency accommodation unit. At its
beginning, this was significantly impacted by Covid and therefore how the programme was delivered was
changed to accommodate social distancing. Since delivery has returned to normal, the participants were able
to enter the shipping container, however due to the time constraints, rather than starting from scratch,
participants used their skills to refurbish the container which came with the basic 8ccommod8tiDn eleménts.
There have been a number of technical drfficulties around logistics, connections to utility servic8s and oth8r
challenges that mean that discussion is ongoing about the final destination of the container, however the Her
Space programme was very successful in supporting 36 participants to gain practical skills in various trades and
life skills in areas such as health and wellbeing, managing finances and nurturing healthy relationships.
Furthermore, participants enjoyed industry site visits to Templemore Baths and Finnebrogue Woods where they
experienced first hand what it is like to work on building sites and to 168m of the various c8r8er roles and
opportunitles in the construction sector.
Urban Vlllages
Our Urban Villages programme re-commenced in April 2022 with new participants. This programme, funded
through The Executive Office's TBUC programme under Urban Villages funding, is designed to bring together
women from Ardoyn8 and Ballysillan to explore drfferent cultures, learn new skills and experience activities that
8re not normally accessible to the participants. This year, participants completed courses in Carpentry, Electrics,
Gardening, Personal Development, Car Maintenanc8, Plumbing, DIY and Wood Carving, as well as trips to th8
Somm6 Museum, Belfast City Cemetery, the Ulster Folk and Transport Museum and attended our Community
Services Information Day. This project ultimately uses construction based skills learning to bring togeth8r women
from different communities to build r61ations and develop understanding and toleran￿.
Sustalnlng Tenancies
This year, a new 2-year programme was introduced, fund8d through the Housing Executive. The Sustaining
Tenancies programme is aimed at supporting women living in Housing Executive homes to thrive in their home
environment and increase their opportunit18s for lrfe and work that will all contribute to increasing their likelihood
of sustaining Ih6ir tenancies and reaching their full potential. The programme encompass8s a diverse range of
sessions that equip participants with valuable DIY skills, p8rsonal development and essential lrfe skills. From
mast8ring power lools to the art of hanging shelving, and from plumbing insights to understanding domestic
electrics, the programme empowers participants to take control of their living spaces, feel proud of their home
and feel a sense of empowerment and achievement. Additionally, we facilitate open dialogues between
participants and the Housing Executive where they can discuss issues around home repairs, support from the
Housing ExecutlV8 and connect with Patch Managers. This year, 18 participants engaged on the programme
and new participants will be recrurted in 2023-2024.
PASSIPathways
The PASS project was 8 short-temi, 8ddilion81 project delivered for TWN. It was a dedicated initiative aimad at
providing invaluable support to women aged 16 to 24 yrs, while the Pathways programme was tailored for those
over 24. The programme, delivered over 12 weeks, supported 10 new participants to encompass a diverse array
of Iraining that supported their development and progression to further training, volunteering or employm8nt.
From mastering DIY skills to honing creativity, Participants also engaged in personal development, employability
skills, IT skills and onlina training. The programme was delivered as part of a wider project under TWN'S
European Social Fund project and ended in March 2023.
Page 4

THE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
TRUSTEES, REPORT ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
c. Actlvitlos for achiovlng obJ8ctlvos {contlnuod)
Buildlng Independence Programme
The Building Independen￿ Programme welcomed 25 new participants in its final year ofdelivery. Made possible
through the Smallwood Trust, the programme was participant-driven, designed to cat8r specrfically to the unique
needs of the target group, young mothers aged 16 to 30 years old. The programme cultivated confidence and
soft skills imperative forfuture employment prospects. The provision of childcare, free to participants, was cruci21
to ensuring participation, reducing the barrierforthese young mothers to attend the programme. The programme
included practical DIY and construction-based skills training, whilst also fostering a sens6 of community and
mutual support within the group- an important element of ensuring young mothers who are often isolaied, feel
supported by others in similar situations to them. Personal development and one-to-one support tailored to each
P8rticipant's individual needs ensured they maximised the opportunities of the programme and prepared them
for taking meaningful steps forward in their own journeys as their children approached school age.
Promotlng Opportunltles Programme: #NotJu8tForBoys
Our flagship youth programme, POP, which challenges misconceptions and encourages, empowers and
supports young girls lo consider career opportunities in sectors whera women are under-repres8nted, had
very successful year. This year, we continued our work with Ioc81 primary and pOSt￿riMary schools, engaging
with Trinity Colleg8 Belfast, Mercy College, Girls, Model, Hazelwood Integrated College, Bangor Academy, Our
Lady's Girls, Prim8ry School, and Mercy Primary School. Our work with schools incorporated Homework clubs,
group projects, site visits and industry talks. Notably, we developed two new projects including 'Tr8ding Places,
which is a 3-day course for 11-17yr olds, where the purpose is to create inter8St in the world of trades and
construction, by 'learning through doing,. Th8 'Under the Bonnet, project is a ￿0-daY course for girls aged 15-
19yrs which teaches basic car mechanic skills and driving theory practice tests. Both projects were offered and
rolled out to a number of schools, as well being included in school holiday sch6mes. Our homework clubs mat
weekly from 34pm where girls learned skills in measuring, cutting, power tools and decorating. School
enrichment programmes ran successful DIY courses with year 13 girls, focusing on basic woodworking, power
tools and basic electrics. Students worked on building planters and a bench for their school grounds, using tools
such 8S jlgsaws and planers to create joints, not only developing practical skills, but also improving skills in
teemwork and CL)Ilaboration. Between DeeAgmber and February, two primary schools engaged in our
'Introdu¢tion io Construction, taster sessions programme enabling hands-on experience of various trade skills,
allowing them to explore various aspects of construction. This project is aimed at igniting their curiosity and
opening doors to a world of possibilities for working in the construction industry.
In collaboration with GEDA Construction, we worked on thought-provoking sessions on gender and careers in
the construction industry, delivered to both P7 boys and girls. This was aimed at reshaping traditional mindsets
and breaking gender stereolyp85. Through interactive discussion and engaging activities, we talked about
considering the diverse career paths within construction, fostering a more inclusive perspective. This initiative
nol only encouraged them to explore opportunities in sectors where women are lypically under-r8presented, but
also highlighted the importance of equality and diversity in the workforce, setting the stage for a more equitable
future.
We welcomed 8 new programme coordinator in September 2022 to lead on the delivery of the programme,
support8d by th8 POP project officer. At th8 8nd of the 22-23 year, in March, the POP.. #NotJustForBoys
programme started delivery in the Newry, Mourne and Down region, working with our partners, Bolster
Community and maintenance contractor, CTS Projects, to bring the programme to 22 girls betwe6n the ages of
11 and 16 years old.
Page 5

THE WOMENS TEC (TrAINING. ENTERPRISE & CHILDCARE CENTRE
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
c. A¢tlvitle8 lor achi•vlng obJectlv031aontinued)
WOMEN'STEC Newry
This year, we achieved a signific£nt milestone for the organisation. In November 2022, WOMEN'STEC opened
8 second workshop unit in the Newry City, located in Whitegates Business Park n6Xt door to our p8rtner, Bolster
Community. This was mada possible through a contract with CTS Projects, where WOMEN'STEC and Bolster
Community partnered together to deliver a social value initiative for CTS through a maintenance contract with
the Housing Executive for the Newry, Mourne and Down region. Together, this collaboration aimed to address
issues of rural isolation, lack of opportunities for women and girls and empower women and girls with confidence,
skills and motivation to thrive in their homes and personal lives, be opened up to new opportunities in various
careers and increase employability and skills. To deliver and coordinate on the programmas targeted at rural
women, w8 employed a Newry Co-ordinator to engage, recruit, support and deliver the programme of work.
Whilst this contract enabled us to open a second base and expand our programmes and servic8s in the region
we also used this opportunity to adapt our deliv8ry to enable us to deliver DIY courses in the rural towns and
villages across N8wry, Moume and Down. This meant investment in new tools, equipment and benches that
could b8 transported to local community centres, sports halls and schools. This enabled us to bring our b8SIC
DIY courses out into rural areas and engage women who are isolated and less likely, or in some cases, limited
through lack of Iravel accessibiltty, to come into Newry City to our workshop, This was another significant
stepping stone in 8xpanding our programm8s and s8rvices across Northem Ireland. The contract enabled us to
pilot and lest how this would work and prepare us for future plans across other areas of Northern Ireland. Overall,
266 women and girls engaged in DIY and Construction skills training, personal development and wellbeing
programmes, school engagement taster activities 8nd careers in construction educational programmes.
#NotJustForBoy8 Champlons Inltlattve
On 31 St M8rch 2022, our #NotJustForBoys Champions Initi8tive was fomially launched. 2022-2023 saw the first
year of this new strategic initiative, aimed at working collaboratively with indusiry companies on our mission to
support women to t8ke gre8ter advantage of opportunities in sectors where women are under-represented,
including sectors such as construction, IT, mechanics, manufacturing. In its first year, 15 companies committed
to supporting this mission, providing us with unrestricted income but more importantly, providing us with
opportunities for our students in undertaking site visits, supporting projects, donating materials and giving time
from female role models. This is significant progress in gamering the support from the industry who are
committed to improving diversity and equality and incr88sing the representation of women within these sectors.
Other activltles
With a successful year of growth and development. including new staff and programm8S, there was a need to
creale a senior management team in line with increased activities, reporting and management. The senior
management team, consisting of th8 Chief Executive, the Head of Operations and Development and the Head
of Finance and Resources, meet monthly and line management responsibilities have changed. With a previously
flat organisation structure, these new roles provide better organisation of responsibilities and a better staff
management structure to provide better support for staff. This reflects our growth over the last year and
establishes an improved structure for building on thi5 gr0￿h to continue delivering our strategic priorities. We
also introduced a new Communications and Partnerships Officer role to take responsibility for communications,
marketing, social media, and our partn8rships with #NotJustForBoys Champions. During this year, we also
secured a new board member with finance experience.
We ¢ontinu6 to house and manage the work of the Northern Ireland Women's Budget group, mentor grantee
organisations on the CDHN Elevate Mentoring programme, be represented on the Greater North Belfast
Women's Forum, advise on the Rank Foundation's RankNet Leaders Action Group, sit on the DfE Skills Strategy
sub-committee on Equality, Diversity and Inclusion, sit on the Urban Villages Referen￿ Group, and work
alongside our partner organisations on the Women's Regional Consortium fvnded through the Regional
Infrastructure Support Programme.
Page 6

THE WOMENS TEC (TRAINING, ENTERPRISE & CHILOCARE CENTRE)
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Achlevoments and porformanco
Between April 2022 to March 2023, 230 women engaged with our HER Space Connect 4 Women {wfEC's
delivery), Urban Villages Prcoramme, Sustaining Tenancies, PASSlpathways, Building Independen
Programme and wfEC Newry (women retumers) and 320 girls engaged with the #NotJustForBoys
Programme.
During this year, 36 women gained employment, 30 women progressed to further traininglvolunteering 8nd 38
women gained accreditation. For our women Trturner programmes, 100% felt th8ir confidence had increa88d,
100'k felt their wellbeing had improved, 900A gained new skills and knowledge, and 820k felt they moved
positively towards meeting their goals. In the Newry, Mourne and Down region, 98% felt they were better off
from taking part in our programmes. For the #NotJustForBoys programme, 480A of the summer scheme
students ar8 now very interested in a carear in construction and 80% of the Girls into Construction day
attendees are now interested in a career in construction.
During this year, we received a basic SROI evaluation through an initiative with Rural Community Network Nl &
Work West, using the Social Value Engine to identrfy a moneiary value to represent the social impact created
through our women returners, programme. This showed that for every £1 invasted, £4.31 of social and
economic value is returned. ￿￿lIst this is a great retum, we r8cognise some limitations of the ev8luation where
more data is requir6d for a more detailed and accurate assessment. Regardless, this gives us confidence that
the work we are delivering is providing further impact in social and economic temis.
Online engagement continues to increase our profile and influence. Our over811 social media follower growth
increased by 18Dh. Our F8cebook profile grew by 200A, Instagram by 180A, Twitter by 11 % and most
significantly, our Linkedln engagement, utilised for targeting our corporate, industry, funders and other
partnerships, incr88sed by 101'A.
Page 7

ThE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Flnanclal r•vi•w
The Financial Statements deal with all the income and expenditure of the charitable company, as well as its
financial position at the year end. The results for the year and the financial position were considered satisfactory
by th8 trustees.
At 31 March 2023, total charity funds were £391,598 (2022.. £367,883), of which £235,439 were unrestricted
(2022: £207,156>. Overall, reserves increased by £23,715, £28,283 of which were unrestrict8d (2022.. £89,362
decrease).
All monies received supported key objectives of the charitab18 company, funding charitable activity costs, both
direct and support.
. Golng conoem
After making appropriate enquiries, the trustees hsve a reasonable expectation that th8 charitable company has
adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue
to adopt the going concern basis in preparing the financial statements. Further details regarding th8 adoption of
the going concern basis can be found in the accounting policies.
b. Reserves Pollcy
The trustees, policy is to retain a level of free reserves which matches the needs of th8 organis81ion both at the
current time and in the foreseeable future. The charitable company has d8V81oped a plan to establish and maintain
an agreed level of free réserves of £184k to cover 3 months, sa￿ry and core running costs, a redundancy pay
reserve and a reserve for final audit fees, leasing charges and other conlingencies as at 31 March 2023.
Imiilst actual unrestricted reserves at 31 March 2023 were £235,439 (2022.. £207,156), £30,000 was designated
for future capital spend and £3,373 was tied up in fixed assets, leaving free reserves of £202,066 {2022.
£204,274)
The ch8ritable company will continue to monitor compliance with this policy on a regular basis and the Board will
review the appropriateness of the policy annually.
o. Prlnclpal fundlng
The principal funding of the organisation derived from an anonymous Priv8te Foundation, The National Lottery
Community Fund, The Executive offi￿ (Urban Villages), Department for Communities IRISP), European Soci81
Fund, The Rank Foundation, Nationwide Building Society, Belfast City Council, Community Foundation for Nl,
Community Development Health Network, Construction Industry Training Board Nl, Northern Ireland Housing
Executive, BBC Children in Need, Women Thrive Fundlsmallwwd Trust, LFT Charitable Trust, Esmee Fairbairn
Foundation and Garfield Weston.
Page 8

THE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Structure, governance and management
Constitution
Th8 company is registered as a charitable company limited by guarantee and was set up by a M8morandum
and Articles of Association.
The charitable company is constituted under a Memorandum and Articles of Association and is a registared
charity, number NIC100185.
The principal object of the charitable company is to provide advan￿ment of education and the prevention and
relief of poverty and unemployment amongst people and in particular women and young girls primarily in
Northern Ireland and also elsewhere.
b. Publlc Beneftt Statement
The trustees h8ve complied with the duty to have du8 regard to the Charily Comm ission for Northem Ireland's
statutory guidance on the public benefit requirement issued under the Charities Act (Nl) 2008.
The direct benefits accruing from our purposes as noted by the Charities Commission in Northern Ireland include..
Students gain qualifications and practical skills.,
Students experience height8ned self-esteem and confidence enabling them to move foNard into further
training and 8ducation or employment.,
Students &nhanc8 their employabilily, increasing their opportunities to move into further training and
education or employment,. and
Students are better equipped to move into paid employment, therefore increasing their economic
security.
There have been no changes in the objectives since the last annual report.
. Governan¢e and m•thod8 01 appolntment or •l•¢tlon af trustees
The m8n8gement of the charitable comp8ny is the r8sponsibility of th8 trustaes who are elected and co-opted
under the tenns of th8 Articles of Association.
Day to day man8gement was delegated to the CEO, Lynn Carvill, whose salary is set by the Board.
Other employees are paid in accordance with the National Joint Council (NJC} for Local Govemm8nt Services
Payscales.
d. Risk management
The trustèes have assessed tha major risks to which the charitable company is exposed, in particular those
related to the operations and finances of the charitable company and are satisfied that syst8ms and procedures
are in plac8 to mTrligate our exposure to the major risks.
Funds hold as custodlan
No funds are held as custodians.
Page 9

THE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
TRUSTEES. REPORT(CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Plans for future ￿riodS
After a successful year of growth and development, guided by our strategic plan, key activities for growth and
development during 2023-2024..
Having successfully secured £872K from the UK Shared Prosperity Fund to deliver a partnership
programme, 'Building Futures,, with Bolster Community and Women in Businéss Nl, this year will focus
on establishing and d81ivering year one of the tWO-y8ar programme
Consolidate our presence in Newry through the Building Futures programme and the Promoting
Opportunities Programme.. #NotJustForBoys
Having Ljndertaken a strategic planning process between June 2023 and September 2023 and
launching our new strategic p18n, the key slrategic priorities for WOMEN'STEC over the next 2023-2027
period..
Deliver high quality training progr8mmes to enable women to develop confidence and skills and
build successful careers, particularly in industries where they are under-repr6sgnted.
To work wrth girls to increase awareness of career stereotypes and opportunities in industries
where women and girls are under-r8presented, particularly construction.
Work with employers and industry bodies to promote a diverse and inclusive workforca and
workplace.
Contribute to th8 development of govemment policy and practice in support of WOMEN'STEC
mission.
Ensure the organisation has the appropriate data and analysis to operate effectively and
continuously improve.
Ensure the organisation has the prem ises and other t8chnical and physical resources to achiev8
its aims and objectives and these are eff8ctlV8ly maintained and managed.
Ensure the organisation has the staff to achieve its aims and objectives and these staff are
effectively supported, managed and have the opportunity to develop.
Ensure WOMEN'STEC has the financial resources it needs to achiev8 its aims and objectives
and these resources are effectively planned, managed and reported on.
Ensure WOMEN'STEC effectively communicates with 811 its stakeholders.
Ensur8 the governance of WOMEN'STEC complies with the requirements of the law and best
practice.
Continue to grow tho #NotJustForBoys Champions network to increase support from relevant industries
Undertake research into women's eXperIen￿S in entering, working and leaving the construction sector
to better understand the barriers, retention issues and other areas in which we can work collaboratively
with the sector to improv&
Increase our organisation's capacity to work on a cross border basis through a new project with the
Centre for Cross Border Studies and Creative Spark (Dundalk)
Celebrate the 25 anniversary of WOMEN'STEC
Develop our offering to the construction sector to support companies with the delivery of social value
initiatiV8S Within public contracts
Increase our capacty to meet and deliver on the level of growing need and demand for our programm8S
and services
Page 10

THE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Statsment of trustoes. r•sponslbllltles
The trustees {who are also the directors of the ch2ritable company for the purposes of company law) are
responsible for preparing th8 Trustees, report and the financial statements in accordance with applicable law
and Unlted lQngdom Accounting Standards (United Kingdorn Generally Accepted Accounting Praclice).
Company law requires the trustees to prepare financial statements for each financia5 year. Under company saw,
the trustees must not approve the financial statements unless they are satisfied that they give a true and fair
view of the state of affairs of the charitable company and of its incoming reSoUr￿S and application of resour￿$,
including its income and expenditure. for that period. In preparing thesa financial statements, the trusleos are
required to..
select suitabla accounting Fyolicies and th8n apply them consistently,.
observe the methods and principles of the Charities SORP 2019 (FRS 102).,
make judgments and accounting estimates that are reasonable and prudent.,
stat8 whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company Will thniift-ue IN operation.
The trustees ara responsible for keeping adequate accounting records that are SLrficient to show and expl8in
the charitable company's transactions and disclose with reasonable accuracy at any time the financial position
of th8 charitable company and enable them to ensure that the financlal statements comply with the Companies
Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financi81 Information included
on the charitable company's website.
Dlsclosurn of Infomiatlon to audltor
Each of the persons who is a tnjstee at the time when thls Trustees, Report 18 approved has confimied that..
so far as that trustee is aware. there Is no relevant audit information of which the charitable company's
auditor is unaware. and
that trustee has taken all the steps that ought to have been taken as a trustee in order to be aware of
any relevant audit information and to establish that the charitable company's auditor is aware of that
information.
Audltor
The charitabl8 company ￿tendered for auditors. Grace Tagg8rt of CG Taggart Accountancy SerVi￿S, was
appoint8d for a p8riod of 3 years: years end8d 31 March 2021, 2022 and 2023, with a potential extension of one
year to 31 March 2024.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 20C
relating to small companies 8nd was approved by order of the members of the board of trustees on 8 December
2023 and signed on their behalf by-
Sylvia Gordon
Page11

INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF THE
WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
Oplnlon
I have audited the financial statements of The Womens TEC (Training, Enterprise & Childcare Centr8) (the
'charitable company,) for the y@ar ended 31 March 2023 which comprise the Statement of financial activities, the
Balan￿ sheet, the Statement of cash flows and the related notes, including a summary of signrficant accounting
policies. The financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice).
In my opinion the financial statements..
give a true and fair view of the state of the charitable company's affairs 8s at 31 March 2023 and of its
incoming r8sourcas and application of resources, including ils income and expgnditure, for the year then
ended.,
have been properly prep8r8d in accordance with United Kingdom Generally Accèpted Accounting Practice.
and
have been prepared in accordanGe with the requirements of the Companies Act 20C6.
Basls for oplnlon
I conducted my8udit in accordance With International Standards on Audiling (UK) (ISAS (UK)) 8nd applicable law.
My responsibilities under those standards are further described in the Auditors, responsibilitiesfor the audit of the
financial statements section of my report. l am independent of the charitable company in accordance with the
ethical requirements that are relevant to my audit of the financial statements in the United Kingdom, including the
Financial R8POrting Council's Ethical Standard, and I have fulfilled my other ethical responsibilities in accordance
with th8s8 requirements. I believe that the audit evidence I hav6 obtainad is SLrfFicient and appropriate to provide
a basis for my opinion.
Conoluslons ralating to golno concern
I have nothing to report in respect of the following matters in relation to which the ISAS (UK) requira me to
report to you where..
the trustees, use of the going concern basis of 8ccounting in the preparation of the financial statements is
not appropriate; or
the trustees have not disclosed in the financial statements any identrfied material uncertainties that may
cast signrficant doubt about the charitable charitable company's ability to continue to adopt the going
concern basis of accounting for a period of at least twelve months from the date when the financial
statements are authorised for issue.
Other Infonnatlon
The other information comprises th8 information included in the TrustoÉs' Report and Financial Statements, other
than the Financial Statements and my Auditor's Report thereon. The trustees are responsible for the other
information contained within the Report of the Trustees and Financial Statements. My opinion on the financial
statements does not cover the other infomiation and, except to the extent otherwis6 explicrtly stated in my report,
I do not express any form of assuran￿ conclusion thereon.
My responsibility is to read the other infomiation and, in doing so, consider whether the other information is
materially inconsistent with the financial statements or my knowledge obtained in the audit or otherwise appears
to be materially misstated. If l identify such material inconsistencies or apparent material misstatements. l am
required to determine whether this gives riso to a material m isstatement in the financial statements themselves.
If, based on the work I have perfomed, I conclude that there is a material misst8t8ment of this other infomiation,
l am required to report th8t fact.
I have nothing to report in this regard.
Page 12

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OFTHE
WOMENS TEC {TRAINING, ENTERPRISE & CHILDCARE CENTRE)
Oplnion on othor matters prescrlbed by the Companles Act 2006
In my opinion, based on the work undertaken in the course of the audit:
the infomiation given in the Trustees, report, incorporating the directors, report, for the financial year for
which th8 financial statements are prepared is consistent with th8 financial statements.
the Directors, report has been prepared in accordance with applicable legal requirements.
Mattars on whlch wo are rnqulred to report by •xceptlon
In th8 light of the knowledge and understanding of the charitable company and its environment obtained in the
course of th8 audit, I havg not identified materi81 misstatements in the Directors, report.
I have nothing to report in respect of the following matters in relation to which Comp8nies Act 2006 requires m8
to report to you if, in my opinion-
adequate accounting records hava not been kept, or returns adaquate for my audit h8ve not been
received from branches nol visited by me; or
the financial statements are not in agreement with the accounting records 8nd retums; or
certain disclosures of trustees, remuneration specified by law ar8 not made., or
I have not received all the information and explanations I require for my audit; or
the trustees were not entitled to prepare the financial statements in accordance with th8 small companies
regime 2nd take advantage of the small companies, exemptions in preparing the Trustees, report and from
the requir8ment to prepare a Strategicreport.
R•sponslbllltlo8 of trustoes
As explained more fully in the Statement of Trustees, responsibilities set out on page 11, the trustees (who are
also the directors of the charitable company for the purposes of company lawl are responsible for the preparation
of the financial statements and for being satisfied that they give 8 true and fair view, and for such inlemal control
as the trustees determine is necessary to enable th8 preparation of financial statements th8t 8r8 free from material
misstatement, whether due to fraud or error.
In preparing the financial st8tements, the trustees 8re responsible for assessing the charitable company's ability
to continue a5 a going concern, disclosing, as applicable, matters related to going con￿rn and using th8 going
concern basis of accounting unless the tnjstees either intend to liquidate the charitable company or to ￿ase
operations, or have no realistic altarnative but to do so.
Page 13

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OFTHE
WOMENS TEC ITRAINING. ENTERPRISE & CHILDCARE CENTRE)
Audltors. responslbilities for the audlt of the financial statements
My objectives are to obtain reasonable assurancé about whether the financial statements as a whol8 are free
from material misstatement, whether due to fraud or error, and to issue an Auditors, report that includes my
opinion. Reasonable assurance is a high level of assuranc&, but is not a guarantee that an audit conducted in
£ccordance with ISAS {UKI will always detect a material misstatement when it exists. Misslatements can arise
from fraud or erTor and are considered material rf, individually or in the aggregate, they could reasonably be
expected to Influen￿ the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. I design procedures in
line with my responsibilities, outlined above, to detect material misstatements in respect of irregularities, including
fraud. The specific procedures for this 8ngagement and the extent to which thes6 are capable of detecting
irregularities, including fraud is detai18d below..
Obtaining an underslanding of the significant18gal and r8gulatory framework applicable to
the charitable company and how the charitable company is complying with that framework.,
Assessing the susceptibility of the charitable company's financial statements to material
misstatement, including how fraud might occur,. and
Ensuring competence and capabilities to identify or recognise non-compliance with laws
and regulations are m8intained.
Because of the inherent limitations of an audit, there is a risk that I will not detect all irregularities, including those
leading to a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions reflectad
in the financial statements, as I will be less likely to become aware of instances of non-compliance. The risk is also
greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concaalment,
forgery, collusion, omission or misrepresentation.
A further description of my responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at..
Auditor's report.
This description foms part of my
Uso of my report
This report is made solely to the charitable company's members, ss a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. My audit work has been undertaken so that I might state to the charitable
company's members those matters l am required10 Slate to them in an Auditor's report and for no other purpose.
To the fullest extent permitted by law, I do not accept or 8ssume responsibility to anyone other than the charitable
company and its members, as a body, for my 8udit work, for this report, or for the opinions I have formed.
C Grace Taggart FCA
for and on behalf of
CG Taggart Accountancy Servlces, Statutory Audltor,
17 Cypress Crescent, Donaghadee, Co Down, BT21 OQG
enlor statutory audltor)
CG Taggart Accountancy Services is eligible to act as an auditor in temis of s8Ction 1212 of th8 Companies Act
2006.
8 December 2023
Page 14

THE WOMENS TEC (TrAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2023
Unrestrlcted
funds
2023
Rostrlctsd
funds
2023
Total
funds
2023
Total
funds
2022
Noto
In¢ome trom:
Donations and legacies
Charitable activilies
Other trading activities
166,707
33,207
4,563
40,630
430,686
207,337
463,893
4,563
5T,083
394,051
10,200
Total Incom•
Expendlture on:
Charitable activities
204,467
471,316
675,783
461,334
174,679
4T1,389
662,068
550,696
Total •xpendlture
174,679
477.389
652.068
550, 696
Net Inoomol(expondltur•) lor year
29,788
(6,073)
23,716
(89,362)
Transfers be￿88n funds
21
11,606)
1.606
Net movement In funds
28,283
(4,568)
23,715
(89,362)
Reoonclllatlon of funds:
Total funds brought forward
207,156
160,727
367,883
457,245
Total funds carrled forward
235.439
156,159
391,698
367, 883
Th8 above amounts relate to continuing operations of the charitable company.
The Statement of financial activities includes all gains and losses recognised in Ihe year.
There Is no differen￿ betsveen Ihe net income for the period stated abov8 and its historical cost equivalents.
The notes fomi part of thes8 financial statements.
Page 15

THE WOMENS TEC {TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited byguarantee)
REGISTERED NUMBER. N1034272
BALANCE SHEET
AS AT 31 MARCH 2023
2023
2022
Not¢
Flx¢d assets
Tangible assets
16
25.105
25,866
Current a8sets
Debtors
Cash at bank and in hand
17
86.737
341,641
50,428
351,089
427,378
401,517
Creditor5-. amounts falllng due within one
year
18
(60,886)
(59,500)
N•t curr•nt a65gts
368,493
342,017
Total 28$•ts1•8s curr•nt Ilabllltlos
391,698
367, 883
Total net assèts
391,698
367,883
Charlty funds
Restricted funds
Unrestricted funds- general
Unrestricted funds - designated
21
21
21
156,159
205,439
30.000
160, 727
207, 156
Total fund8
391,598
367, 883
The trustees acknowledge their responslbilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entiti&s subject to
the small Gompanies, reglme.
The financial statemants were approved and authorised for issue by the trust8es on 8 December 2023 8nd
signed on their behalf by..
Sylvla G
on
Andrea Morrow
Then
es for
part of these financial statements.
Page 16

THE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
{A company limited byguarantee)
STATEMENTOF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Net cash (out)Ilnflow from operatlng actlvltlos
23
(401) (79,070)
Cash flows from Investlng actlvltlos
Purchase of tangible fixed assats
16
(11,096)
{3, 680)
Not oash us•d In Investlng aotlvltl•8
(11,0%)
(3,680)
Cash flows from financlng aotlvlt1•8
Repayments of borrowing
24
2.049
(4, 665)
Nel cash outriows Ir¢)m tlnanclng actlvltlos
2,049
(4,665)
Net (decrease>fincrease in cash and cash equivalents in the year
{9,448) (87,415)
Cash and cash equivalents at 1 April 2022
361,089
438,504
Cash and ¢ash •qulval•nts at 31 March 2023
341,641
351,089
The notes fomi part of these financial statements.
Page17

THE WOMENS TEC {TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
General Inforniation &1ogal status
The Womens TEC (Training, Enterprise & Childcare Centre), (WOMEN'STEC), is a private charitable
company limited by guarantee. The charitable company was incorporated in Northern Ireland with the
charitable company number N1034272. The registered office address and principal place of business is 29
Chichester Avenue, Belfast, BT15 SEH. The principal activity of the charitable company is to relieve
poverty and advance education, specifically for femalas who are socially and 8conomic8lly disadvantaged
In Northern Ireland.
In the event of the charitable Company being wound up, the liability in respect of the guarantee is lim ited
to £1 per member of the th8rity.
Summary ol Slgnlflcant Accounting poliel•8
The signrficant accounting policies adopted, judgements and key sourc8s of estimation uncertainty in the
preparation of the financial statements are set out below. These policies have been consistently applied
to all periods presented unless othetwise stated.
2.1 Basls of pr•paratlon of flnanclal stat•rnents
Th8 Womens TEC ITr8ining, Enterprise & Childcare Centr6) constitutes a public benefii entity as
defined by FRS 102 and its operations and principal activities are disclosed in the Trustees, R8POrt.
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Ch8rities.' Statement of Recommended PractlC6 applicable to charitl8S
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 1021, applicable charity law, the Companies Act
2006 and UK Generally Accepted Accounting Practic8.
The financial ststements are presented in sterling, the functional currency of the charitable company.
Asseis and liabilities are initially recognisad at historical cost or transaction value unl8s8 Otherwise
stated in the relevant accounling policy note.
2.2 Pr•paratlon of tho acoounts on a going ¢onc•m basls
The charitable company continues to adopt the going concem basis in preparing its financial
statements as th8 trustees are of the view that the immediate future of the charitable company for the
n8Xt 12 months is secure and on this basis the assessment of the twstees is that the charitable
company is a going concem.
The trust&es have a reasonable expectation Ihat the charitabl8 company has adequale resources lo
continu6 in operational existence for the foreseeable future.
2.3 Fund accountlng
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes
of the charitable company. Designated funds are a sub-group of unrestricted funds relating to funds
which trustees have earmarked for a particular future project or commitment.
Restricted funds are funds which the donor has specified are to be solely used for particular areas of
the charitable company's work or for specific projects being undertaken by the charitable company
or which have been raised by the charitable company for particular purposes. The cost of raising and
adm inistrating such funds are charged against the specifsc fund.
Page 18

THE WOPJIENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies(contlnued)
2.4 Income r￿QonItion pollcl•s
All income, including legacy income, is recognised once the charitable company has legal entitlement
to the incomè, any perfomiance conditions attached to th8 Item of income have been met or are fully
within the control of the charitable company, it is probable that the income will be received and the
smount of income receivable can be measured reliably.
Income is deferred only when the charitable company has to fulfil conditions which ara not fully within
its control before being entitled to it or where the donorlfunder has specified that the income is to be
expended in a future period.
2.6 Expendlture recognition pollcies and Irrecoverable VAT
Expenditure is recognised on an accruals basis once there is a legal or constructive obligation to
make a payment to a third party, it is probable that settlement will be required and the amount of the
obligation can be measured reliably. Expenditure is classified under the following activity headings..
Charltable activitles:
include the direct costs of programm8s and activities undertaken to furth8r the purposes of the
charitable company and their associaled support costs, including govemance costs.
Support costs are those costs incurred in support of direct expenditure on the objects of the charitable
company and include project management carried out at Headquarters. Governance costs are those
incurred in connection with administration of the charitable company and compliance with
constitutional and statutory requirements.
The analysis of these costs is included at notes 7 - 9.
All 8xpenditur8 is inclusive of irrecoverable VAT.
2.6 Employee benefits
en employees have rendered servic8 to the charitable company, short-term employee benefits to
which the 8mployees are entitled such as paid annual leave, 8re recognised at the urKYiscounted
amount expected to be paid in exchange for that service.
The ch8ritab18 company operates a defin8d contribution plan for the benefit of its employees.
Contributions are expens8d as they become payable.
Page 19

THE WOMENS TEC (TrAINING, ENTERPRISE & CHILDCARE CENTRE)
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policieslcontlnued)
2.7 Tangible fixed assets and depréciation
Tangible fixed assets are capilalised and recognised when future economic benefits are probable and
the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially r8cognised at cost. After recognition, under the cost model, t8ngibl8
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Depreciation is charged so as to 8llocat8 the cost of tangible fixed assets less their residual value
over their estimated useful lives,
Depreciation is provided on the following basis..
Workshop & office equipment _ 250A straight line
2.8 Debtors
Trade and oth8r deblors are recognised at the settlem8nt amount after any trade discount offered.
Prepayments 8re valued 8t the amount prepaid net of any trade discounts du8.
Any losses arising from impairment are recognised in expenditure.
2.9 Cash at bank and In hand
Cash 8t bank and in hand includes cash and short-term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
8ccount.
2.10 Impaimient
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at
each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's
cash generating unit, is estimated and compared to Ihe carrying amount. Where the carrying amount
exceeds its recoverable amounl, an impairment loss is recognised in profit or loss unless the asset
is carried at a revalued amount where the impaimient loss is a revaluation decrease.
2.11 Liabilities and provisions
Liabilitlos and provisions are recognised when Ihgre is an obligation at the Balance sheet date as a
result of a pasl event, it is probable that a transfer of economic benefit will be required in settlement,
and the amount of the settlement can be estimated reliably.
Liabilities and provisions ar8 r8cognised at the amount that the charitable company anticipates it will
pay to settle the debt or the amount it has re￿iVed as adVan￿d payments for the goods or services
it must provide.
Provisions are measured at the best estimatè of th8 amounts required to settle the obligation. Where
the effect of the time value of money is malerial, the provision is based on the present value of those
amounts, discounted at the pre-lax discount rate that reflects the risks specrfic to the liability. The
unwinding of the discourrt 13 recognised in the Statement of financial activities as a finan￿ cost.
Page 20

THE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounting pollcles{contlnued)
2.12 Financlal instruments
The charitable company only has financial assets 8nd financial liabilitie5 of a kind that qualrfy as basic
financial instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value with the exception of bank loans which are
subsequ6ntly measured at amortised cost using the effectiv8 interest method.
2.13 Crltlcal accountlng Judgem8nts and estimation uncertainty
Estimates and judgemènts are continually evaluated and are based on historical experience and
other factors, including expectations of future 8V8nts that are believed to be reasonable under th8
circumstances.
There are no critical judgements in applying the company's accounting policies.
There are no critical actt)unting estimates and assumptions.
Page 21

THE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Income from donatlons and lagacles
Unrestrfcted
funds
2023
Restrfcted
funds
2023
Total
funds
2023
Gifts
Grants
8,347
158,360
1,630
39,000
9,977
197.360
Total 2023
166,707
40,630
207,337
Unrestricted
funds
2022
Restricted
funds
2022
Total
funds
2022
Gifts
Grants
70
57,013
70
57,013
Total 2022
57,083
57,083
Analy818 of grants:
2023
2022
Priv8te tharit8bl& trust fund
HMRC Job Retention Schame grants
LFT Charitable Trust
The Rank Foundation
Gilbert Ash
Garfield Weston Foundation
150,CQO
50,000
7,013
14,000
3,360
5,000
25,000
Total
197,360
57,013
Government grants amounted to £nil (2022 - £7,013)
Page 22

THE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Income from charltable activltlgs
Unrestrlcted
funds
2023
Restrfcted
funds
2023
Total
funds
2023
Primary purpose tr8ding
Contractual service level agreements
Grants
Income from property
23,529
6,000
700
23,529
54A06
382,980
2,978
48,406
382,280
2,978
Total 2023
33,207
430,686
463,893
UnTrslricted
funds
2022
Restricted
funds
2022
Total
funds
2022
Primary purpose trading
Contractual service level agreements
Grants
Income from property
12,866
6,000
3, 966
900
12,866
370,319
374,285
900
Total 2022
23, 732
370,319
394,051
Page 23

THE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Income from ¢haritable actlvltles (continued)
Analysls of grants
2023
2022
Unrestrlcted:
Nl European Social Fund - Department for the Economy - T
PASS
Total Unrestrlcted
700
3,966
700
3, 966
Restrictsd:
TNL Communlty Fund
Nl European Social Fund- Department for the Economy - TWN
PASS
TEO u￿an Villages- Building Futures & Promoting
Opportunities
LFT Charitable Trust
Department for Communilies IRISP)
BBC CIN- Inspiring Futures
NIHE- Empowering Tenants
BCC- Revenue
Nl Women's Budget Group (NIWBG) - Open Society Foundation
NIWBG - Joseph Rowntr8e Charitable Trust
NIWBG ~ Esmee Fairbaim Foundation
The Tudor Trust
CITB
CFNI - Community Innovators
Open College Network- Leaming
Leon8fd Cheshire - GradEmployNI
The Rank Foundation- Start Here
The Rank Foundation - Aspire
The Rank Foundation- Profit for Good
The Rank Foundation- Time to Shine
Community Development & Health Ne￿Ork
Women Thrive Fundlsmallwood Trust- Buildlng Independence
Programme
118.364
8,071
97,862
29,150
32,387
25,115
10,000
14,624
24,611
15.673
26,111
38,353
9,600
9,000
40,000
3,000
37,000
30,000
15,794
22,969
2.997
4,778
34,000
15,050
7, $90
12,641
12,000
38,022
8,427
9,600
Total Restrlcted
382.280
370.319
Totsl
382,980
374,285
Government grants amounted to £248,159 (2022." £204,328).
Page 24

THE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Incom• from other trading actlvltles
Unrestrlcted
funds
2023
Total
funds
2023
Room & equipment hir8
4,553
4,663
UnRstricted
funds
2022
Total
funds
2022
Room & equipment hire
10,200
10,200
Non-exchange tran8actlon$
The charitable company has benefitted from the contribution of unpaid general volunteers. Their
contiibution is not accounted for due to the18ck of a reliable basis of measurement.
Page 25

THE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Expenditure on charitable actlvitles
Direct,
Includlng
Programme &
actlvlty costs
2023
Support
costs
2023
Total
costs
2023
Unrostrlctod
10,921
163,758
174.679
Restrlct•d
TNL Community Fund
CTS Projects - Newry Community Engagement
Nl European Soaal Fund- Dapartment for the Economy-
TWN PASS
TEO Urban Villages
TEO Urban Villages - Building Futures Promoting Opportunities
LFT Charitable Trust
Department for Communities (RISP)
NIHE - Empowering Tenants
NIHE- Soci81 Housing Enterprise
BBC CIN- Inspiring Futures
Awards for All
BCC- Revenue
Nationwide Building Society
Nl Women's Budget Group (NIWBG)- Esmee Fairbaim
Foundation
The Tudor Trust
CITB
CFNI - Student Wellbeing Programme
Open College Network - Le8ming
Leonard Cheshire - GradEmployNI
The Ireland Funds
The Rank Foundation - Start Here
The Rank Foundation - Aspire
The Rank Foundation- Profit for Good
The Rank Foundation Emergency Fund- safe working
The Rank Foundation- Time to Shine
Co-operation Ireland
Halifax Foundation
Women Thrive FundlSm8llwood Trust- Building Independence
Programme
Garfield Weston Foundation
96,267
41,1tK)
15,108
4,339
111,375
45,439
8,071
4,148
21,775
10,669
11,413
6,938
5,061
28,969
175
1,861
3,647
8,246
6,009
25,422
10,669
15,673
8,306
5,061
31,217
1,349
9,500
31,478
34,970
4,260
1,368
2,248
1,349
9,434
6,590
7,719
66
24,888
27,251
142
19,923
511
3,692
83
653
23,615
83
1,750
4,778
262
27,292
10,080
3,322
143
15,595
950
2,428
29,224
1,750
4,778
201
26,497
7,808
2,677
61
795
2,272
645
143
42
950
2.428
1,016
15,552
28,208
12,500
12,500
Total Restrlcted
4￿,652
70,737
477.389
Total 2023
417,573
234,495
652,068
Page 26

THE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Expenditure on charitable activities (contlnued)
Prior period
Dlrect,
Includlng
Programme &
a¢llvlty Costs
2022
Support
costs
2022
Total
costs
2022
Unrastrletfjd
84,503
96,989
181,492
R•strlct•d
TNL Community Fund
Nl European Social Fund - Dep8rtment for the Economy -
TWN PASS
TEO Urban Villages
TEO Urban Villages- Building Futures Promoting Opportunities
LFT Charitable Trust
Department for Communits'es (RISP)
NIHE - Social Housing Entery)rise
BBC CIN- Inspiring Futures
Awards for All
BCC - Revenue
Nationwide Building Society
Nl Women's Budget Group (NIWBG) - Open Society
Foundation
The Tudor Trust
CITB
CFNI - Student Wellbeing Programme
CFNI - Community Innovalors
The Ireland Funds
The Rank Foundation- Profit for Good
The Rank Foundation Emergency Fund - safe wot*ing
The Rank Foundation- Tim& to Shine
Community Development & Health Ne￿Ork
Co-operation Ireland
Halifax Foundation
Women Thrive Fundlsmallwood Trust- Building Indgpondence
Programme
104,689
6,427
28,180
4, 163
1,845
3,627
32,343
1,845
24,538
7,500
14,624
4,939
18,060
1,440
9,300
13,944
20,911
14,624
4,939
13,456
90
300
12,268
4, 604
1,350
9,000
1,676
24,050
1,227
15,332
980
30,120
1,743
83
25,030
31,347
IT,075
83
10.000
T,324
12,846
144
5,473
8,057
949
2,429
8, 796
10,000
7.080
12,204
642
144
382
87
949
2,429
998
5,091
7,970
7,800
Totsl Restricted
86.117
369,204
Total 2022
367,590
183, 106
5&),696
Page 27

THE WOMENS TEC (TRAINING. ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarante6)
NOTES TO THE FINANCIAL STATEMENTS
FOR ThE YEAR ENDED 31 MARCH 2023
Support costs
2023
2022
Staff costs
General
Rent
Light & heat
Repairs & maintenance
Insurance
Motor & travelling costs
Hospitality
Telephona & intemet
Printing & stationery
IT support
SOf￿are
Photocopier18asing
Postage
Depreciation.
Finance out80urcing
Legal and professional
Bank charges and interest
Cleaning
Staff training
Membership fees
Govemance costs (note 9)
132.870
40
101,420
3,030
32,027
2,086
2,308
8,098
3,479
6,539
1,823
2,815
3,981
1,224
1,000
27,664
1,676
2.060
685
3, 168
5, 750
1,236
3,565
2,617
1,210
72
10,931
7,200
219
939
3, 780
1.635
765
5.514
11,867
6,600
931
6,392
4.283
1,296
4.219
234,495
183, 106
Gov•rnanc• ¢osts
2023
2022
Auditor remuneration
HR Consultancy
Legal & professional fees
2,210
275
1,720
224
1,734
3,570
4.219
5,514
Page 28

THE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
10. Net Incomel(expendlture) for the year
This 15 Stated after d)argingl(crediting)".
2023
2022
Auditor's remuneration - audit
tax
Depreciation - tangible fixed assets
Operating lease rentals
2,150
60
11,857
8,269
1,660
60
10.931
6.239
11. Analy818 of staff costs and trustees. remuneratlon and beneflts
2023
2022
Wages and sal8ries
Social security cosls
Employers contribution to dafined contribution pension 8chemes
Other employee benefits
Mov8ment In liability for untaken annual leave entitlement
367,862
28,703
21,212
3,360
300,594
23,123
17,832
6,502
(1,495)
416,629
340,054
The HMRC employer PAYE reference in respect of The Womens Tec's employees was in the name of
Women'stec Non-Traditional Occupations Ltd, a domiant company. This was an unintentional mix-up on
registration and HMRC has been informed. The Womens Tec paid the HMRC liabilits'es in respect of its
employees each month.
The average head count during the reporting period was as follows:
2023
2022
Dir8Ct and Support
19
17
One employee re￿ived employee benefits (excluding employer pension costs) of between £60,000
and £70,000 in the year en¢Jed 31 March 2023 (2022: nll).
Key management personnel received £142,431 in the year ended 31 Marth 2023 (2022 - £61,352).
The increase from the previous year refiects the formation of a new core management team following
a management restructure.
During the year, no trustee re￿iVed any remuneration or other benefits (2022 - £NIL).
During the year ended 31 March 2023, one trustee had travel expenses totaling £114 paid for by the
charitable company (2022- two trustees, £46). These expenses were incurred in carying out their
duties as trustees.
Page 29

THE WOMENS TEC {TrAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
12. P•nsion oommitments
The charitable company operates a defined contribution pension scheme for its employees. The assets of
the scheme are held separately from those of the charitable company in an independently administered
fund. The pension charge represents contributions payable by the charitable company to the fund and
amounted to £21,212 (2022.. £17,832).
13. Rolatsd party transa¢tions
Womens'tec Non-Traditional Occupations Ltd (N1067460) is a dormant private company limited by
guarantee with the same registered offic8 address as and common directors with The Womens Tec.
Note 11 details an administrative anomaly between The Womens Tec and this other company.
There have been no other related party transactions in the r8POrting period that require disclosure.
14. Connect•d Chariti•8 and Joint Arrangemonts
Th8 accounts of the charitable company include income and expenditure in relation to connected
charities with which it collaborales.
As lead partner on the Connect 4 Women programme funded by The National Lottery Community
Fund, WOMEN'STEC receives grant monies on behalf of Shankill Women's Centre and Glow. Of
the total monies of £118,364 received and accounted for in the year ended 31 March 2023 (2022 -
£97,862), £28,331 was due to Shankill Women's Centra (2022 - £29. 773) and £16,406 to Glow
(2022 - £17, 566).
The Trustees, Report explains that ￿sOurceS were secured for the Northern Ireland Women's
Budget Group (NIVVBG) which WOMEN'STEC is incubating.
In the year ended 31 March 2023, there was £37,000 of NI)￿EG income accounted for in
WOMEN'STEC accounts (2022.. £43,000).
15. Corporatlon tax
The tharitable company is exempt from tax on income and gains to the extent that thesè are applied to its
charitable objects.
Page 30

THE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
16. Tanglble flxed a&sets
Workshop
and offlce
equlpment
Cost or valuallon
At 1 April 2022
Additions
Disposals
44,028
11,096
At 31 March 2023
66,124
D•pr•clatlon
At 1 April 2022
Charge for the year
Disposals
18,162
11,857
At 31 March 2023
30.019
Net book valu•
At 31 March 2023
25,106
At 31 March 2022
25, 866
17. Debtors
2023
2022
Duo wlthin one y•ar
Trade deblors
Prepayments and accrued income
32.630
53,207
9,930
40,498
85,737
50,428
Page 31

THE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A cnmpany limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Croditor8: Amounts falllng due wlthln ono yoar
2023
2022
Trade creditors
Accruals and d￿8￿ed income (note 19)
Tax8tion and social security
Other creditors
32,904
23,187
44,512
12,243
4,794
2, 745
60.886
59,500
19. Doferr•d Income
2023
2022
Deferred Income at 1 April 2022
Resources deferred during the year
Amounts released from previous periods
26.211
(25.211)
20. Leasa8
Total future minimum lease payments under non-cancellable operating leases are as follows..
2023
2022
Not later than one year
Later than one and not later than five years
8,673
4,938
6,238
10,571
13,511
16,809
Page 32

THE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTREI
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
21. Statement of funds
Stat•m•nt of funds - current year
8alanc•
at
l Aprll
2022
Balanc•
at31
March
2023
In¢omo
Expendl- Translers
ture
Inlout
Unrestrlctod lunds
General Funds
Designat8d Funds
207,156
204.467 (174,679)
131,505)
30,000
206,439
30,000
Total Unr•strlct•d Funds
207,166
204.467
{174,679)
{1,505)
236,439
Restrlcted funds
TNL Community Fund
CTS Projects
Engagement
Newry Community
Nl European Social Fund - Department
for the Economy - TWN PASS
TEO Urban Villages
TEO Urban Vi118ges- Building Futures
& Promoting Opportunities
LFT Charitable Trust
Department for Communities {RlSP)
NIHE - Empowering Tenants
NIHE - Social Housing Enterprise
BBC CIN - Inspiring Futur88
Awards for All
8CC- Revenue
Nalionwlde Building Society
Nl Women's Budgel Group (NIWBG)-
Open Society Foundation
NIWBG - Standard Life Foundation
NIWBG - Joseph Rowntree Relorm
Trust
NIVVBG - Esmee Faitbaim Foundation
The Tudor Trust
CITB
7,090
118,384 1111,376)
48,406
(46,439)
14,079
2,967
360
4,443
37
8.071
6,965
25,422
(8,248)
(6,009)
{26A22)
176
6,338
37
939
2,500
14,000
16,873
38,363
(10,669)
(15,673)
(8,306)
(5,061)
(31,217)
(1,349)
{9,600)
131,478)
5,831
30.047
5.061
6,551
2.699
26,111
1,350
9,600
33,280
32,842
(1,631)
171
32,842
3.278
1,984
3,278
37.000
(34,970)
(653)
(23,615)
(83)
2,030
653
803
22.969
207
364
CFNI - Student weiibeing Programme
Open College Network - Leaming
Leonard Cheshire - GradEmployNI
165
82
2,997
11.750)
1,247
4,T18
(4.778)
Page 33

ThE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
21. Statement of funds {¢ontinued)
Stat•ment of funds - current year
Balance
Balance
at31
March
2023
l Aprll
2022
Expendl- Transfers
tur•
Inlout
Income
Restrlctsd funds {contlnued)
The Ireland Funds
The Rank Foundation- Start Here
The Rank Foundalion - Aspire
The Rank Foundation - Profit for Good
The Rank Foundation Emergency Fund
safe working
The Rank Found8tion- Time to Shine
Community Development & He81th
Network
cO￿peratIon Ireland
4,083
1262)
(27,292)
110,080)
13,322)
(1431
3,821
6,708
4,970
1,345
167
34,000
15,060
2,677
310
1,990
7,168
8,427
9,600
(16,696}
9,600
2,690
1960)
1,740
Halifax Foundation
Department of For8ign Aff8irs and Trade
Women Thrive Fundlsmallwood Trust
Building Independence Programme
Garfi8ld Weston Foundation
Fabrico container donation
Total Restrlcted Funds
6,482
7,367
29,224
(2,428)
3,054
7,367
(29,224)
25,01)0
(12,500)
12,500
160,727
471,316 (477,389)
1.505
156,159
Total Funds
367,883
675,783
(652,068)
391,598
Unrestricted funds of £30,000 have been designated for future capital spend.
Each of the restricted funds above relates to activities which are key to meeting the objectives of the charitabl8
company. The Trustees, Report gives det8ils of these acts'vities, achievements attained 8nd the perfonnanc8
highlights during the year.
Transfers from restricted to unrestricted ￿ndS are in line with conditions18id down by Ajnders.
The transfer of £1,631 from the restricted Nationwide Building Soaety fund to unrestncted funds relates to costs,
originally classified as unrestricted, now correctly allocated to the restricted fund.
The three transfers into restrrctèd funds address funding shortfalls met from un￿striCted fijnds.
Of the total restricted funds of £1 ￿,159, £21,732 relates to the net book value of fixed assets.
Page 34

ThE WOMENS TEC (TrAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
21. Statement of lunds {contlnu•d)
Statem•nt of funds - prlor y•ar
8alanc•
at
l Aprll
2021
Balance
at31
March
2022
Incomo
Expendl- Translers
tur•
inlout
Unrestrlctsd lunds
General Funds
Designated Funds
175,583
105,000
91,015
(76.492)
(los,(￿0)
17,050
20T, 156
Total Unr•8trlctod Funds
280,583
91.015
(181,492)
17,050
207, 156
Restrlctsd funds
TNL Community Fund
Nl European Sooal Fund - Department
for the Economy- TWN PASS
TEO Urban Villages
TEO Urban Villages- Building Futures
& Promoting Opportuniti8S
LFT Charrtable Trust
Departm8nt for Communitias {RlSP)
NIHE- Social Houslng Enterprise
BBC CIN Inspiring Futures
Awards for All
BCC - Revenue
Nationwide Building Soci8ty
Nl Women's Budget Group (NIWBG)-
Open Society Foundation
NIWBG - Standard Life Foundation
NIWBG - Joseph Rowntree Refom
Trust
NIWBG- Joseph Rowntree Charitable
Trust
The Tudor Trust
CITB
20,344
97,862 (111.116)
7,090
6, 650
5, 748
29,1
540
24,575
(32,343)
(1, 845)
(24,538)
(3, 107)
350
37
10,000
14,624
¢7,￿0)
(14,624)
(4, 939)
(18,060)
(1,440)
(9,300)
(13,944)
(25,030)
2,500
10,000
5,061
6,551
2,699
24,611
4, 139
300
47,224
26,872
33,280
32,842
40.000
(9,000)
3,278
1,984
3,278
1,984
3,000
(3.<￿0)
30,000
15,794
(31,347)
{17,075)
653
803
2,084
CFNI - Student Wellbeing Programme
CFNI - Community Innovators
248
(83)
165
9.000
1,000
(10,000)
Page 35

THE WOMENS TEC (TrAINING. ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
21. Statement of funds (continued)
Statom•nt of fund¥ - prior year
Balance
at
1 Aprfl
2021
Balance
at31
March
2022
Expendl. Tran8fers
tura
Inlout
Incomo
R•8trlcted funds {¢ontlnu•d)
The Irelan(J Funds
The Rank Foundation- Profit for Good
The Rank Foundation Emergency Fund
safe working
The Rank Foundation- Time to Shine
Community D8velopment & Health
Nelworff
Co-operation Irel8nd
11,407
8,023
454
(7.324)
(12,846)
(144)
4.083
2,677
310
7,500
12,641
12,000
(5,473)
(8,05T)
7, 168
(3,943)
3,639
(949)
2,690
Halifax Foundation
Department of Foreign Affairs and Trade
Women Thrive FundISmal￿OOd Trust
Building Independence Progr8mm8
Total Restrlot•d Funds
7,911
7,35T
(2,429)
5,482
7,357
29,224
38,022
(8, 798)
176,662
370,319
(369,204)
(17,050)
160,727
Total Funds
457,245
461,334
(550,696)
367, 883
Each of the restricted funds above relates to activities which are key to meeting the objectives of the charitable
company. The Trustees, Report gives delails of these aGtivities, achievements attained 8nd th8 performance
highlights during the year.
Transfers from restricted to unrestricted funds are in Ilne with conditions laid down by funders.
A management fe8 of £9,000 for the period from October 2020 to March 2022 w8S transferred from Nl Women's
Budget Group to Unreslricted funds.
A management f@a of £3,107 was transferred from TWN PASS.
£3,OCrf) and £3,943 costs, originally classified as unrestricted, were allocated to NIWBG - Joseph Rowntree
Charitable Trust and Community Development & Health Ne￿Ork respeth'vély, in line with fundèrs, conditions.
£2,000 Un￿StrICted funds were transferred to The Tudor Trust to meet a funding shortlall.
Of the total restricted funds of £180,727, £22,984 relates to the net book value of fixed assets.
Page 36

THE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
22. Analysls of net assets between funds
Analysls of not assets bètw•on lunds - currènt poriod
Unrestrlcted
funds
2023
Restrlcted
funds
2023
Total
funds
2023
Tangible fixed assets
Current assets
Creditors due within one year
3,373
264.342
(32.276)
21,732
163,036
(28,6091
26,105
427,378
(60,885)
Total
235,439
158,159
391,598
Analysls of n•t assets betwoon funds - prlor perlod
Unrestricted
funds
2022
Restricted
funds
2022
Total
funds
2022
Tangible fixed assets
Current assets
Creditors due within one year
2,882
237,314
(33,040)
22,984
164,203
(26, 460)
25,866
401,517
(59,500)
Total
207,156
160, 727
367, 883
23. R•conclllatlon of In¢om•l(expendlture) to nat cash flow from operatlng actlvltles
2023
2022
Net incomel(expenditure) for the year
Add back depreciation charge
{InC￿aSe)1DeCr￿ase in debtors
Increasel{decrease) in creditors
23,716
11.857
(35.309)
(664)
(89,362)
10,931
10,422
(11,061)
Net cash flow trom operating activities
(4011
(79,070)
Page 37

THE WOMENS TEC (TRAINING, ENTERPRISE & CHILDCARE CENTRE)
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
24. Net debt reconclllatlon
2023
2022
Loan at 1 April 2022
Cashflows
2.746
2,049
7,410
(4, 665)
Loan at 31 March 2023
2, 745
25. Contlngent Llabllltles
A contingent li8bility 8XiSts to repay any grants received should certain conditions not be fulfilled by the
chantable company.
26. Capltal Commltments
There were no capit81 commitments at th8 balance sheet data.
27. Controlllng Party
The Board of Trustees is the ultim8te controlling paty.
28. FRC Ethlcal Standard - Provlslons Avallable lor Audlts for Small Entitle8
In common with many other businesses of our size and nature w8 use our auditor to prepare and submit
retums to the tax authorities and assist with the preparation of the financial statements.
Page 38