2023-03-31-accounts

Charity registration number NIC100187 Company registration number N1033263 (Northern Ireland) WOMENS CENTRE DERRY LTD ANNUAL REPORT AND FINANCEAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

WOMENS CENTRE DERRY LTD CONTENTS Page Charty Information Trustees, report Independent audito¢s report 7-10 ststement of ffinancial activities Balance sheet 13 statement of cash flows 14 Notes to the financial statements 15-29

WOMENS CENTRE DERRY LTD LEGALAND ADMINISTRATIVE INFORMATION Trustees Denise Doherty (Chairperson) Leona Mcmenamin (freasurer) Kathy Colhoun Dr Clionagh Boyle Gerakline Compton Rotsin Hegaty Dina Gomaa (Appointed 21 June 2022) Secretary Sharon McLaughlin Charity number NIC100187 Company number N1033263 Registered office Beibhinn House 5 Guildhall Street Dery BT48 6BB Auditor Moore (Nl) LLP 21123 Clarendon Street DerylLondonde BT48 7EP Bankers Bank of Ireland 27 Culmore Road Londondery BT48 8JB Solicitors Babingtons Solicitors 9 Limavady Road Londonderry BT47

WOMENS CENTRE DERRY LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The Trustees present thèir annual report and financial statements for the year ended 31 March 2023. The financaal statements have been prepared in a(xordance with the accounting policies sel out in nots 1 to the financial statements and comply with the charrvs tgoveming d¢xumentl, the Companies Act 2006 and "Accounting and Reporting by Chartties: Statement of Recommended Practice applic2ble to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)" (effeclive 1 January 2019). Objectives and activities The principal actity of the company is to challenge the oppression and disttimination of womèn, as it exists, in all forms and tt is Committed to joining with other women, and women's groups, around positive initiatNes for change. Through the activity of the centre, space is provided where women have the opportunty to explore their lives, make new choices and gain support to act on Ihese Choi￿$. The objects of the company as stated in the Memorandum & Artides of Association are to benefit the community in Derry - Londonderry and the Northwest. in partI￿lar women members of the ¢omfflunity, by the relief of poverty and the advancement of education in matters relating lo mental, physical and social weware and in particular to provide centres for the suppty of advice and guidance. arrange and provide the holding of meetings, lectures, workshops and dasses., and do all things as are ne￿$sary for the furtheran￿ of the objectives of the Company. Public Benefft The trustees have considered the charity legislation which sets out the requirements for charities to demonstrate the aims and activilies are for public benefrt. The Trustees confirm that they have had re9ard to the Charity Commission Nl guidance on public benefit. The beneficiaries are socialty excluded women and their families living in the area of benefft. The direct benefits which flow from our purposes indude: Improved educational achievements, knowledge and ￿sOUrceS to enable women and their families OLrt of povety. Increased empowerment and confidence to enable women to make positive changes to alleviate the effects of povety. Increased capacity for gaining employment enabling women to c¥eate a better fuiure. Improved life skills and abiltties. Improved qualty of lrfe for indrviduals and families in the communty. Increased ￿)Cial inclusion for women and families. The strategies employed to achieve the charitys aims and objectives are: Providing a holistic program of educational, recreational and lrfe skills opportunities for indiwduals. Providing education to best Sutt the needs of women and families in the communty. Providing on-site d)ildcare to enable parents to access and partiupate in education activities Providing education and social welfare faciltties and resour￿$ for the use of individuals in the community. The beneffts are evIden￿d through qualffications gained, employment secured and evaluation feedbad( from beneficiaries. There is no private benefft to trustees.

WOMENS CENTRE DERRY LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Achievements and perf0m￿nCe In 2022123 Women's Centre Derry responded rapidly to the needs of the communty to ensure women and thildren were supported during the cost of living crisis while also continuing to rebuild our community after the impacts of COVID-19. The Centre's work is embedded in women's empowement and equality. We deliver our aims by providing access for women to a holistic range of activities induding edut2tion, training, skills and support. The Board of Directors was diligent in carying out their governance responsibilities and conlribLrted a range of management skills and specialisms to the organization induding: Finance Youthwork Leaming Support Management Translation Communty Development Early Years Education Autism and Employment Stsff training and continuous personal development was encouraged and delivered throughout the period. We maintained the organisation's Investors in People award, received the highest outcome on an ETI inspe¢tion and had a creche inspection wtth no areas for improvement. To provide the programmes and activities we employed 17 permanent staff and contracted the services of 32 part-time tutors and facilitators. Together with management. these teams worked alongside participants to change lives and place women's development, empowement and equality at the core of our work. In 2022123 the Cent￿ delivered 9 projects, providing 1.617 coutse places. Participants on fomal courses achieved 195 qualifications. Over the past year the PROSPER 4 prqect has supported 72 women into employment and 116 into further education. Childcare services and children's programmès prowding places for 741 indNidual children this year. Our onsite creche provided 13,901 thildcare places. The impacts of the Centre's work will be benefitting our communities for years into the future. All uedrt to the staff teams and leaders who responded so well to the challenges wth creativity and innovation. We collaboraled with 60 organisations and statutory agencies in the area to promote equalty and access for women. We partnered with the Women's Regional Consortium to support groups to deliver essential front-line services in disadvantaged and ruralty isolated comrnuntties. We collaborated wrih 60 organisations and ststutory agencies in the area to profflote equalty and access for women. We partnered with the Women's Regional Consortium to support groups to deliver essential front-line services in disadvantsged and rurally isolated ￿MmUnitIes. We delivered several multTr• cuttural projects supporting 92 BME families, providing a wam) welcome and an opportunity to make friends and connections this work is invaluable and rewarding for women vtho are new to our communty. It contribijtes to building a safe, diverse and equal communty. Financial review Total income for the year was £625.472. of which £605,566 was received from grant aid funding. £10,307 represents enrolment fees in respect of lectures, workshops and dasses. £9.599 was generated in respect of donalions received. Total expenditure was £539,979. all of whi¢h was expended on direct tharitable actvities. The balance on total funds at the year*nd was £8IA,304, of whith £293,384 were unrestricted income funds, £459.364 were designated funds and £53,556 were restricted funds.

WOMENS CENTRE DERRY LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Going concern The charity's largest source of grant funding is from the Prosper 4 project funded by the Department for the Economy's Northem Ireland European Social Fund programme. This programme has been restructured from 1 April 2023 and moving foTh4ard will be funded through the UK Shared Prosperity Fund. Women's Centre Derry will continue to deliver this programme from 2023124 onwards as part of a consortium. Accordingly, activit'tes will be scaled back in line with reduced funding through this project. Furthemiore. the Women's Centre Dery receives funding from the Department for Communities for core salary Costs. Due to the uncertainty arising from the lack of an operational Executive at Stormont, this funding is currently confirmed until September 2023. The trustees have a reasonable expectation that this funding will be exlended, however are also planning to mttigate the risk of funding not being secured by sourung altemative funding and considering alternative income slreams. The trustees have also considered the extent lo whith activities and expenditure should be curtailed, should circUmstan￿S arise. Reserves Policy The Truslees ￿nsider it prudent to hold monies in reserve in the event that unforeseen orcUmstan￿S should lead to financial dfficulties which might put the future of its employment capaoty. general charitable work and propety in jeopardy. The Trustees have examined the charity's requirements for reserves considering the main risks to the organisation and established a formal policy which stipulates that free reserves be maintsined at a level which ensures thal the charity's core activity could continue during a period of unforeseen difficulty. Free reseNes are defined by the Trustees as unrestricted income fvnds freely available for use as the charity so detemines and thereby exdudes any funds committed. invested in tangible r￿ed assets held by the charity and restrided or designated fijnds. It is the policy of Ihe charity that unrestricted fijnds which have not been designated for a specific use should be maintained at a level equivalent to belween three and six month's expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding. they will be able to rx)ntinue the Gharivs current activities while consideration is gtven to ways in which additional funds may be raised. Based on the year ended 31 March 2023 expendtture (excluding depreciation and non-recurring costs) of £506,259, the target level of reserves is £125.000 10 £250.000. Free reserves of the charity as at 31 st March 2023 are £290,059, therefore the Trustees are pleased to confirm that the charity is compliant wtth rts reser4es policy. The Tnjstees continue to strive to maintain a general level of ￿se￿Ie$ in accordance with their policy so that they will be able to continue the current actiwties of the charity. Within unrestricted fvnds, a designation of £459.364 has been set aside rep￿sented by the property at 5 Guildhall Square owned and used by the charity on an on-going basis for Gharitable activities. The designated fvnds balance is equivalent to the depreaated historic cost of the capital expenditure. A sum equivalent to the depreciation charge on the building will be allocated ea¢h year to the de￿gnated fund, until it is fully amortised. Risk management The Trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are In place to mitigate exposure to the major risks. The Trustees. in conjunction with the senior management team. are aware of the major risks to vthich the charity Is exposed. Whère appropriate. systems or procedures have been established to mitigate the risks the charity fa￿s. Intemal control risks are minimised through the procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance wtth applicable laws and regulations. All procedures are periodically reviewed to ensure that they continue to meet the needs of the chanty. Plans for future periods In the next year we will continue to deliver COVID recovery support programmes as an additional element to our work. A project is in place to support mothers wth mental health issues. We will continue to combat povety by engaging socially & economically isolated women. A new Strategic Plan is in place to guide the ￿ntre$ work up to 2028.

WOMENS CENTRE DERRY LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 StNcture, governance and management Governing document Women's Centre is a company limited by guarantee and a￿pted as charrtable by Charity Commission for Nl under reference NIC100762 and by HMRC under reference XR 19291. The company was incorporated on 17th November 1997. The company was established under a Memorandum of AssocÉation which established the objects and powers of the Company, and is govemed by its Artides of Association. The liability of members is limited in that every member of the company undertakes to (x)ntrtbLrte an amount not exceeding £1 in the event of the company being wound up. The Trustees, who are also the di￿￿or$ for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Denise Dohety (Chairperson) {Appointed 21 June 2022) Leona Mcmenamin (Treasurer) Kathy Colhoun Dr Clionagh Boyle Geraldine Compton Roisin Hegaty Dina Gomaa Recruitment and appointment of Trustees The Board of Truslees manages the process of recruitment and appointment of Trustees, and may admrt to membership any person interested in promoting the objects (primary purpose) of the ¢ompany. Organlsational structure The Trustees have urtimate legal and financial responsibilty for the affairs of the V4omen's Centre and are responsible for the strategic direction and policy of the charity. The Trustees are from a variety of professional backgrounds relevant to the work of the chanty. A scheme of delegation is in pla￿ and responsibilty for the provision of services rests with the Centre Director, who is responsible for the day to day operational management of the charity. The Truslees remain satisfied that the Women's Centre is compliant with good governan￿ practirA8 in line with the requirements of the Charity Commission of Northem Ireland.

WOMENS CENTRE DERRY LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Statement of Trustees. responsibilitles The Trustees, who are also the directors of Womens Centre Dery Ltd for the purpose of company law, are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United lQngdom Accounting Standards (Untted Kingdom Generally Accepted Accounting Practice). Company Law requires the Trustees to prepare financial st*ments for each finanual year whith give a true and fair view of the stste of affairs of the charty and of the incoming resources and application of resources, induding the income and expenditure. of the Gharitable company for that year. In preparing these financial statements. the Trustees are required to: - select suitable accounting policies and then apply them c>)nsistently: - observe the methods and principles in the Charities SORP: - make judgements and estimates that are reasonable and prudent: stste whether applicable UK Accounting Stsndards have been followed, subject to any material departures disclosed and explained in the financial ststements: and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping adequate accounting records that disdose with reasonable aecur8cy at any lime the financial position of the charity and enable them to ensure that the financial ststements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor In accordance with the company's artides, a resolulion proposing that Moore (Nl) LLP be reappointed as auditor of the company will be put at a General Meeting. Disclosure of infomiation to audltor Each of the Trustees has confirmed that there is no inforynation of which they are aware which is relevant to the audit, but of which the audttor is unaware. They have further confimed that they have taken appropriate steps to identify such relevant infomation and to establish that the auditor is aware of such information. The Trustees. report was approved by the Board of Trustees. Denise Dohe Trustee airperson) Leona Mcmenamin (freasurer) Trustee 28 June 2023

WOMENS CENTRE DERRY LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WOMENS CENTRE DERRY LTD Oplnion We have audited the financial ststements of Womens Centre Dery Ltd (the '(ariV) for the year ended 31 March 2023 which comprise the slatement of financial activities. the balan￿ sheet, the ststement of cash flows and the notes to the financial statements, including a summary of significant accounting polities. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, induding Financial Rèporting Stsndard 102 The Finanual Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practi￿). In our opinion, the financial statements= give a true and fair wew of the stste of the tharTtable companys affairs as at 31 March 2023 and of its incoming resourcs and application of resources. including ils income and expenditure, for the year then ended; have been propety prepared in accordance with United Ifingdom Generally Accepted Accounting Practi￿., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemational Stsndards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Audilorfs responsibilitl8s for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, induding the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordan￿ with these requirements. We believe that the audr( evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Emphasis of matter We draw attention to note 1.2 of the financial statements. which describes that the charity receives funding for core salary ￿St$ from the Department for Communities, which is currently confirmed until September 2023 due to Ihe lack of an operational Executive at Storynont. Our opinion is not modffied in this ￿spe￿. Conclusions relating to going concern In auditing ihe financial statements, we have conduded that the Trustees. use of the going concem basis of accounting in the preparation of Ihe financial 5tstements is appropriate. Based on the work we have performed, we have not identified any material uncertainties ￿lating to events or conditions that, individually or collectively, may cast significant doubt on the ¢harity'S ability to continue as a going concem for a period of at least hvefve months from when the financial statements are authorised for issue. Our ￿SponSibl1111es and the responsibilities of the Twstees with respect to going concem are described in the relevant sections of this report. Other Informatlon The other information comprises the infomiation induded in the annual report other than the financbal statements and our auditorfs report thereon. The Trustees are responsible for the other infomiation contsined within the annual report. Our opinion on the financial statements does not cover the other infomation and, except to the extent otherwise explicitty ststed in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so. ¢onsider whether the other information is materially inconsistent with the finanLial statements or our knowledge obtsined in the ￿Urse of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent Material misslatements, we are required to detennine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed. we ¢ondude that there is a material misststement of this other information, we are required to report that fact. We have nothing lo report in this regard.

WOMENS CENTRE DERRY LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF WOMENS CENTRE DERRY LTD Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the information given in the Trustees. report for the financial year for which the financial ststements are prepared, which indudès the directors. report prepared for the purposes of company law, is consistent with the financial statements- and the direGtors' report induded within the Trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors. report induded within the Trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you rf, in our opinion: adequate accounting records have not been kept, or retums adequate for our audit have not been re￿iVed from branches not visited by us.. or the financial statements are not in agreement with the a¢¢ounting records and retums; or certain disdosures of trustees, remuneration specified by law are not made; or we have not received all the infomiation and explanations we require for our audit., or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies. exemptions in preparing the Trustees, report and from the requiremenl to prepare a strategic report. Responsibilities of Trustees As explained more fully in the statement of Trustees, responsibiltties. the Trustees, who are also the directors of the charity for the purpose of company law. are responsible for the prepaiation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the Trustses are responsible for assessing the charity's ability to continue as a going concern. disclosing, as applicable, matters related to going concem and using the going con¢em basis of accounting unless the Trustees er¢her intend to I￿uldate the charitabbe company or to cease operations, or have no realistic atternative bul lo do so. Auditorfs responsibilities for the audit of the financbal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditoffs report that includes our opinion. Reasonable assurance is a high level of assurance bLrt is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a malerial misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of usets tsken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularitres, including fraud, is detailed below.

WOMENS CENTRE DERRY LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF WOMENS CENTRE DERRY LTD Extent to which the audit was considered capable of detecting irregularities. including fraud The objectives of our audit in respect of fraud. are- to identify and assess the risks of material misstatement of the financial statements due to fraud- to obtsin sufficient appropriate audit eviden￿ regarding the assessed risks of material misststement due to fraud, through designing and implementing appropfiate responses to those assessed risks,. and to respond appropriately to instances of fraud or suspected fraud identffied during the audit. However, the primary responsibility for the prevention and delection of fraud rests with both management and those charged with governan￿ of the charitable company. Based on our understanding of the chariiable company and its operating environment. we deterniined that the most significant frameworks which have a direct impact on the preparation of the finanual statements are those related to the reporting framework, (FRS 102, the Charities Act (Northem Ireland) 2008, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015, the Charity SORP and the Companies Acl 2006). Additionally. we concluded that there are significant laws and regulations in relation lo the companys charitable status and actNities of which non4ompliance may have a matertal effect on the financ4al ststements. We assessed the susceptibility of the charitable company's ffinancial ststements to material misstatement, including how fraud might oc¢ur, including evaluating managemenfs incentives and opportunities to managè earnings or influence the reported resutts. From the resutts of our assessment, we detemiined that the principal risks of fraud relate to posting inappropriate joumal entries and use of charity funds for purposes outside of restriclions imposed by the donor. In common with all audits under ISAS (UK), we are required to perform specffic procedures to respond to the risk of management override. Audlt response to risks identified As part of an audit in accordance with ISAS (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. Audtt procedures perforn￿d by the engagement team included.. We obtained an understanding of the charitable CA)mpanYs inlemal control syslems in order to design audit procedures that are appropriate in the circumstances, bLrt not for the purposes of expressing an opinion on the effectiveness of the charitable company's inlemal control. We obtained an understsnding of how Ihe charitable company complies with relevant laws and regulations, including those as a result of its registration with the Chanty Commission for Northem Ireland and charitable stalus with HM Revenue & Customs , by making enquiries of management and those tharged with govemance. Enquiry of management, those charged with govemance and the entty's soliotors around actual and potenlial litigation and claims. Enquiry of entity Staff to identrfy any instsnces of non40mpliance with laws and regulations. Performing analyiical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud Reviewing minutes of meetings of those charged with goveman Reviewng financial statement disdosures and testing to supporting documentstion to assess compliance with applicable laws and regulations. We test the completeness of income to address the fisk of fraud in relation to revenue recognition Auditing the risk of management override of controls, including through testing joumal entries and other adjustments for appropriateness, and evaluating the business rationale of signfficant transactions that are unusual or OLrtside the normal course of business. Auditing the risk of use of charty funds outside of restrictions imposed by the donor by review of funding letters of offer to identrfy restrictions, and review of funding dairns prepared by management to check compliance wrth restrictions. We communicated relevant laws and regulations and potential fraud risks to all engagement team members. and remained alert to any indications of fraud or nortrcompliance with laws and regulations throughout the audit. There are inherent limitations in the audit procedures described above and the fvrther removed non-compliance wtth laws and regulations is from the events and transactions reflected in the financial statements. the less likely we would become aware of it. Also, the risk of not detecting a matertal misstatement dlse to fraud is higher than the risk of not delecting one resulting from error. as fraud may involve deliberate concealment through collusion, forgery, intentional omissions, misrepresentations or the override of intemal control. A further description of our responsibilrties ts available on the Financial Reporting Council's website at: https-.11 www.frc.org.uklauditorsresponsibilrties. This des￿ptIOn forms part of our auditorfs report.

WOMENS CENTRE DERRY LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF WOMENS CENTRE DERRY LTD Use of our report This report is made solely to the charitable ￿mpan￿¥s members. as a body, in ac¢ordano with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the ¢hatitable company's members as a body, for our audit work, for Ihis report, or for the opinions we have fonned. John Bradley (Senior Ststutory Auditor) for and on behalf of Moore {NII LLP 28 June 2023 Chartered A¢countsnts Statutory Audltor 21123 Clarendon Street DerrylLondonderry BT48 7EP 10-

WOMENS CENTRE DERRY LTD STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Current financial year Unrestricted Unrestricted Restricted funds funds funds general designated 2023 2023 Total Total 2023 2023 2022 Notes Income from: Donations and legacies Charitable activities 9.599 10,307 9,599 615,873 12,813 489,495 605,566 Total income 19,906 605,566 625,472 482,308 endItU￿ on: Charitable actiTr4ryties 14,248 17.149 508,582 539,979 516,610 Net incomingl(outgoing) resources before transfers 5.668 (17,149) 96,984 85,493 (34,302) Gross transfers belween funds 19 93.572 (93,572) Net incomel{expenditurel for the yearl Net movement in funds 99.230 3.412 8SN93 (34,302) Fund balances at 1 April 2022 194,154 476,513 50,144 720.811 755,113 Fund balances at 31 March 2023 293,384 459,364 53,556 806,304 720,811 The statement of financial actiwties includes all gains and losses recognised in the year. All income and expenditure derive from continuing actsvities. The ststement of financial a¢tiwties also complies with the requirements for an income and expenditure accourrt under the Companies Acl 20Cfj. 11

WOMENS CENTRE DERRY LTD STATEMENT OF FINANCIALACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Prior financial year Unrestricted Unrestricted Restricted funds funds funds general designated 2022 2022 Total 2022 2022 Notss Income from: Donations and legacies Charitable activities 12,813 11.220 12.813 469,495 458,275 Total income 24,033 458,27S 482,308 enditure on: Charitable activities 14.056 17,149 48S,405 516,610 Net incomingl{outgoing) resources before trarbsfers 9,977 (17,1491 127.130) 134,302) Gross transfers betr4een funds 9.510 (9.510) Net incomel(expenditure) for the yearl Net movement in funds 19.487 (17,149) 136,640) 134,302 Fund balances at 1 April 2021 174,667 493.662 86,784 755,113 Fund balan¢e$ at 31 March 2022 194,154 476,513 50,144 720,811 12-

WOMENS CENTRE DERRY LTD BALANCE SHEET AS AT31 MARCH 2023 2023 2022 Notes Fixed assets Tangible assets 10 465,713 485,857 Current assets Debtors Cash at bank and in hand 11 66,441 301,724 42,906 206,594 368.165 249,500 Creditors: amounts falling due within one year 13 (27.574) (14,546) Net current assets 340.591 234,954 Total assets less current Ilabilities 806,304 720,811 Income funds Restricted funds nr fun Designated funds General unrestricted funds 15 53,556 50,144 16 459,364 293,384 476,513 194,154 752.748 670,667 806.304 720,811 These financial statements have been prepared in accordance the promsions applicable to companies subjèct to the small companies regime. The financial statements were approved by the Trustees on 28 June 2023 Denise Doherty (Chairperson) Trustee Leona Mcmenamin (Treasurer) Trustee Company registration number N1033263 13-

WOMENS CENTRE DERRY LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Noles Cash flows from operating activities Cash generated froml(absorbed by) operations 21 96.631 (16,096) Investing activities Purchase of tangible fixed assets {2.419) Net cash used in investing activitie$ (2.419) Net cash used In flnanclng activilie$ Net increasel(decfease) in cash and cash equivalents 96.631 (18,515) Cash and cash equivalents at beginning of year 201,366 219,881 Cash and cash equivalents at end of year 297,997 201,366 Relating to: Cash at bank and in hand Bank overdrafts included in creditors payable within one year 301,724 206,594 {3,727) (5,228) 14-

WOMENS CENTRE DERRY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies Charity infomiation Vvornens Centre Derry Ltd is a private company limited by guarantee incorporated in Northem Ireland. The registered office is Beibhinn House, 5 Guildhall Street. Derry. BT48 6B8. 1.1 Accounting convention The financial statements have been prepared in accordan￿ with the charity's goveming document. the Companies Act 2006 and "Accounting and Reporting by Chartlies: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" The charity is a Public Benefft Entity as defined by FRS 102. The financial ststements are p￿pared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The prinpipal aC￿Unting policies adopted are set out below. 1.2 Going concem The charity's largest source of grant funding Is from the Prosper 4 project fvnded by the Department for the Economy's Northem Ireland European Social Fund programme. This programme has been restructured from 1 April 2023 and moving forward will be fijnded through the UK Shared Pfosperrty Fund. Women's Centre Dery will cLJnlinue to deliver this programme from 2023r24 onwards as part of a consortium. Accordingly, activities will be scaled back in line with redU￿d fvnding through this project. Furthermore, the Women's Centre Dery receNes funding from the Department for Communities for core salary costs. Due to the uncertainty arising from the lack of an operational Executive at Stormont, this funding is currently confirmed until September 2023. The tnjstees have a reasonable expectation that this fvnding will be extended, however are also planning to mitigate the risk of funding not being secured by sourcing alternative funding and considering altèrnative income stfeams. The trustees have also considered the extent to which activities and expenditure should be curtailed, should circumstances arise. At the time of approving the financial statements, the Trustees have a reasonable expectation that the ¢harity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of aC￿)Unting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the diS￿et10n of the Trustees in furtherance of their charitable objectives. Designated funds are unrestricted funds of the charity which the trustees have derAded at their discretion to Set aside to use for a specnlc purpose. Restricted funds are subject to specific condthons by donors as to how they may be used. The purposes and uses of the restricted fijnds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the chartty is legalty entitled to it after any performance ojndiiions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perf0mlan￿ conditions require deferral of the amount. Income tax recoverable in retation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 15-

WOMENS CENTRE DERRY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised 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 on charitable adivities indudes the costs of chIldca￿ and educational services undertaken to further the purposes of the charity and their associated support costs. Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs indude back office costs, finance, personnel, payroll and governance costs which support the ¢hariVs programmes and activities. The bases on which support costs have been allocated are set out in note 6. Irrecoverable VAT is tharged as a cost against the actilrity for which the expenditure was incurred. 1.6 Tangible fixed assets Tangible fixed assets are initially Measured at cost and subsequently measured at cost or valuation. net of depreciation and any impaimient losses. Depreciation is recognised so as to write off the (Xjst or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Fixtu￿5 and ffttings 2./0 straight line 25•A straight line The gain or loss arising on the disposal of an asset is determined as the differer)ce belween the sale proceeds and the carrying value of the asset, and is recognised in the statement of finanoal activities. 1.7 Impalmient of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tsngible assets to d8termine whelher there is any indication that those assets have SLrftered an impairment loss. If any such indication exisls, the re￿Verable amount of the asset is estimated in order to determine the extent of the impaiment loss (rf any). 1.8 Cash and cash equivalents Cash and ¢ash equivalents indude cash in hand. deposits held at call with banks, other short-lem liquid investments with original maturities of three months or less. and bank overdraft5. Bank ovèrdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The charity has elected to apply the promsions of Section 11 'BasTrc Financial Instruments, and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of its financial instrurnents. Financial instruments are recognised in the charivs balan￿ sheet when the tharity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, viith the net amounts presented in the financial statements, when there is a legally enfOr￿able right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liabilty simuttaneously. 16-

WOMENS CENTRE DERRY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (Continued) Basle financial assets Basic financial assets. whsch indude debtors and cash and bank balan￿s, are initially measured at transaction pri￿ including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is rneasu￿d at the present value of the fvture receipts discounted at a market rate of interest. FinanGial assets dassified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabiltties, induding creditors and bank loans are initialty recognised at transaction price unless the arrangement constittjtes a financing transaction, where the debt instrument is measured at the present value of Ihe fvture payments discounted at a market rate of interest. Financial liabilities dassified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective Inte￿$t rate method. Trade creditors are obligations to pay for goods or services that have beèn acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one year or less. If not. they are presented as nonThcurrent liabiltknes. Trade creditors are recognised initially at transaction price and subsequenty measured at amortised cost uwng the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the chartils contractual obligations expire or are discharged or cancelled. 1.10 T•x8tlon The company is a charity and is recognised as such by HM Revenue & Customs under the chaiity tax reference XR 19291. As a result there is no liability to tsxation on any of its income. 1.11 Employee benefits The cost of any unused holiday entitlement is rec4)gnised in the period in which the employee's semces are received. Termination beneffts are recognised immediately as an expense when the charity is demonstrably committed lo temiinate the employment of an employee or to provide temiination benefits. 1.12 Retlrement beneffts Payments to defined contribution retirement benefft schemes are charged as an expense as they fall due. Critical accounting estimatss and judgements In the application of the charitys accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carying amount of assets and liabiltties Ihat are not readily apparent from other sources. The estimates and associated assumptions are based on histori¢al experience and other factors that are considered to be rele￿dn1. Actual results may differ from these estimates. The eslimates and underlying assumptions are reviewed on an ongoing basis. Rewsions to accounting estimates are recognised in the period in which the estimate is revised where the rewsion affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 17-

WOMENS CENTRE DERRY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Donations and legacies Unrestricted Unrestricted funds fvnds genernl general 2023 2022 Donats'ons and grfts 9,599 12.813 Charitsble a¢tivilie$ 2023 2022 Courses and craft income Grant fvnding Other income 10,307 605,566 11,063 458,275 157 615,873 469,495 Anatysis by fund Unrestricted funds- general Restricted funds 10.307 605,566 11,220 458,275 615,873 469,495 Perforniance related grdnts Dept for the Economy- PROSPER 4 Dept for Communilies- VCD Dept for Communities - Regional Support Derry City & Strabane Distrid Council Regional Women's Centre Partnership- MAS project National Lottery Communrty Fund HFNI Halrfax Foundation BBC Child￿n in Need - Next Steps COVID Other 305,312 110,512 33,120 4,500 31,097 77.105 232,613 106,037 28.636 7,500 17,213 4,678 39,443 22,155 32,795 11,125 605,566 458,275 18-

WOMENS CENTRE DERRY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charitsble activities 2023 2022 Staff costs Depreciation and impairment Course and accreditation fees Faolitstion and evaluation Pfoject expenses Pfopety Costs Repairs and maintenace Office costs Advertising, marketing and publicty Travel expenses Staff training Insurance Consumables Bank charges General expenses 317.888 20.144 8,912 28,134 35,703 15,125 21,366 13,554 1,469 849 350 7,453 3(M,080 21,045 6,681 25,404 30.772 12,284 16,837 15,457 1,368 346 98 8,408 4,472 524 6,878 509 5,104 480,018 454,654 Share of support costs (see note 6) Share of govemance costs (see note 6) SS,161 4,800 57,456 4,500 539,979 516,610 Analysis by fund Unrestricted funds- general Unrestricted funds- designated Restricted funds 14.248 17,149 508.S82 14.056 17,149 485,405 539.979 516.610 19-

WOMENS CENTRE DERRY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Support costs Support Governance costs costs 2023 Support Governaneè costs costs 2022 Stsff costs 55.161 55.161 57.456 57,456 Audit fees 4,800 4.800 4,500 4,500 55.161 4.800 59.961 57,456 4.500 61,956 Analysed between Charitable adivities 55,161 4.800 59,961 57,456 4.500 61,956 Support costs are those functions that assist the work of the chanty but do not directly undertake tharilable activities. Support costs represent time spent by staff on back office work, finance. personnel. payroll and govemance matters which are necessary to plan, direct and monttor the chantys programmes and activities. Net movement in funds 2023 2022 Net movement in fvnds is ststed after chargin￿{CredIting) Fees payable to the ￿MpanY'S auditor for the audit of the companls financial statements Depreciation of owned tsngible ftxed assets 4,800 20,144 4,500 21,045 Trustees None of the Trustees (or any persons (x>nnected wilh them) received any femuneration or benefits from the charity during the year. -20-

WOMENS CENTRE DERRY LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Employees The average monthly number of employees during the year was: 2023 Number 2022 Number 17 16 Employment costs 2023 2022 Wages and salaries Social security costs Other pension costs 325,969 25,180 21,900 315,890 24,212 21,434 373,049 361.536 Included within employment costs is a total of £13,576 in respect of redundancy costs. These costs have been funded from the Charity's general unrestrided reseNes. There were no employees whose annual remuneration was more than £60,000. 10 Tangible fixed assets Frnehold land Flxtures and and bulldlngs fittings Totsl Cost At 1 April 2022 857,438 204,586 1.062.024 At 31 March 2023 857,438 204,586 1.062.024 Depreciation and impairwnt At 1 April 2022 Depreciation charged in the year 380,924 17,149 195.243 2,995 576,167 20,144 At 31 March 2023 398,073 198,238 596,311 Carying amount At 31 Mar( 2023 459,365 465.713 At 31 Marth 2022 476,514 485,857 21

WOMENS CENTRE DERRY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 11 Debtors 2023 2022 Amounts falling due within one year: Amounts owed by subsidiary undertakings Other debtors 11,500 54,941 14,596 28,310 66,441 42,906 12 Loans and overdrafts 2023 2022 Bank overdrafts 3,727 5,228 Payable within one year 3,727 5,228 13 Credltors: amounts falling due within one year 2023 2022 Notes Bank overdrafts Accruals and deferred in￿rne 12 3,727 23,847 5.228 9,318 27,574 14,546 14 Retirement benefft schemes Defined contrlbutlon schemes The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fvnd. The charge to profft or loss In respect of defined contribution schemes was £21.900 (2022 - £21,434).

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WOMENS CENTRE DERRY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 16 Designated funds The income funds of the thanty indude the following designated fvnds which have been set aside out of unrestricted funds by the trustees for specifi¢ purposes. Balance at Resources Balance at Resourus Bal•nu at 1 April 2021 ewnded 1 April 2022 peffjd￿ 31 March 2023 Designated propety funds 493,662 {17,149) 476.513 {17,149} 459,364 493,662 {17,149) 476,513 (17.149) 459,364 Designated funds is the value of unrestricted funds represented by the propety at 5 Guildhall Square owned and used by the charity on an ongoing basis for charitable acttvities. The peri¢)d end balance is equivalent to the depreciated historic cost of the capital expenditure. A sum equivalent lo the depreciation charge on the building will be allocated to the designated fund each period, until it is ffijlly amortised.

WOMENS CENTRE DERRY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 18 Contingent Liabilities Certain grants received and receivable may become ￿PaYable to the funder rf the charity is no longer able to meet the conditions under which they were awarded. Due to the nature of these contingencies tt may not be possible to quantfy the potential financial effect or grve an indication of the timing as to the liabilities that may arise. 19 Trdnsfers between funds During the year there have been net transfers betsveen funds in the amount of £93,572 (2022: £9,510) from restricted funds to unrestricted general funds as follows.. transfer of £99,992 (2022: £27,118) from restrFCted fvnds which represents surplus funding for indirect costs in accordance with funding agreements which 1$ being released and transferred to unrestrided funds., transfer of £6.420 (2022.. £17.608) from unrestricted to restricted funds which represents the charitys contribution from unrestricted funds towards the cost of providing tharilable services. 20 Related paty transactions Remuneratlon of key management personnel The remuneration of key management personnel is as follows. 2023 2022 Aggregate compensation 107,196 110,130 Transactions wlth related parties The Women's Centre has a dose working relationship with WtSER (NS) CIC, a communty interest company which provides private childcare services and non-funded courses and workshops. The Board of Trustees of the Women's Centre are also Board members of WISER (NI) CIC therefore both entities are under CA)mmon control. During the year. the Women's Centre had the following transactions wth WISER (NI) CIC: secondment of a childcare staff member to WISER for the provision of child¢2re services. The total amount invoiced to WISER was £3,000 (2022: £3.000). This amount remains outstanding at the year end (2022- none). WISER colle¢ted £1,670 (2022.. £3,105) in relation to enrolment fees for courses which is owed to the Women's Centre. This amount remains outstanding at the year end {2022.' £3,105). gift aid covenant income from WISER in the amount of £6,332 {2022.' £11.491). This amount is induded within donations and legacies and remains outstsnding at the year end. -28-