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2025-03-31-accounts

Charity registration number NIC100187 (Northern Ireland) Company registration number NI033263

WOMENS CENTRE DERRY LTD

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

WOMENS CENTRE DERRY LTD

CONTENTS

Page
Legal and administrative information 1
Trustees' report 2 - 6
Independent auditor's report 7 - 9
Statement of financial activities 10 - 11
Balance sheet 12
Notes to the financial statements 13 - 25

WOMENS CENTRE DERRY LTD

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Denise Doherty (Chairperson)
Kathy Colhoun (Treasurer)
Dr Clionagh Boyle
Geraldine Compton
Roisin Hegarty
Saorla Boyle
Secretary Sharon McLaughlin
Senior management Catherine Barr Centre Manager
Sharon McLaughlin Finance administrator
Joanne Karran Head of Childcare Services
Charity number (Northern Ireland) NIC100187
Company number NI033263
Registered office Beibhinn House
5 Guildhall Street
Derry
BT48 6BB
Auditor Moore (NI) LLP
21/23 Clarendon Street
Derry/Londonderry
BT48 7EP
Bankers Bank of Ireland
27 Culmore Road
Londonderry
BT48 8JB
Solicitors Babingtons Solicitors
9 Limavady Road
Londonderry
BT47 6JU

WOMENS CENTRE DERRY LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

The principal activity of the company is to challenge the oppression and discrimination of women, as it exists, in all forms and it is committed to joining with other women, and women's groups, around positive initiatives for change. Through the activity of the centre, space is provided where women have the opportunity to explore their lives, make new choices and gain support to act on these choices.

The objects of the company as stated in the Memorandum & Articles of Association are to benefit the community in Derry ~ Londonderry and the Northwest, in particular women members of the community, by the relief of poverty and the advancement of education in matters relating to mental, physical and social welfare and in particular to provide centres for the supply of advice and guidance; arrange and provide the holding of meetings, lectures, workshops and classes; and do all things as are necessary for the furtherance of the objectives of the Company.

Strategies for achieving aims and objectives

The strategies employed to achieve the charity’s aims and objectives are:

Public benefit

The trustees have considered the charity legislation which sets out the requirements for charities to demonstrate the aims and activities are for public benefit. The Trustees confirm that they have had regard to the Charity Commission NI guidance on public benefit.

The beneficiaries are socially excluded women and their families living in the area of benefit. The direct benefits which flow from our purposes include:

The benefits are evidenced through qualifications gained, employment secured and evaluation feedback from beneficiaries. There is no private benefit to trustees.

WOMENS CENTRE DERRY LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance

Significant activities and achievements against objectives

During the year, the Centre supported a total of 1,465 women and their families through a broad programme of services and activities. These included:

A total of 12 projects were delivered, providing 19,702 course places. 172 women achieved accredited qualifications, and 27 women progressed into employment.

Our crèche and early years services supported 556 individual children, delivering a total of 8,989 hours of childcare.

Multicultural projects reached 202 Black and Minority Ethnic (BME) families, supporting community integration and promoting equality.

To deliver services during the year, the Centre employed 20 staff members and contracted 40 part-time tutors and facilitators. Staff training and continuing professional development were prioritised throughout the period, ensuring the delivery of high-quality, person-centred services.

The Centre worked in partnership with 147 organisations and statutory agencies, including the Women’s Regional Consortium, Women’s Resource Development Agency, and Triax. These partnerships enabled effective service delivery to women in both urban and rurally isolated areas.

Financial review

Total income for the year was £466,624, of which £362,507 was received from grant aid funding. £11,448 represents enrolment fees in respect of lectures, workshops and classes. £88,256 was generated in respect of donations received.

Total expenditure was £459,018, all of which was expended on direct charitable activities.

The balance on total funds at the year-end was £819,498, of which £324,680 were unrestricted income funds, £425,066 were designated funds and £69,752 were restricted funds.

Reserves policy

The Trustees consider it prudent to hold monies in reserve in the event that unforeseen circumstances should lead to financial difficulties which might put the future of its employment capacity, general charitable work and property 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 maintained at a level which ensures that the charity's core activity could continue during a period of unforeseen difficulty. Free reserves are defined by the Trustees as unrestricted income funds freely available for use as the charity so determines and thereby excludes any funds committed, invested in tangible fixed assets held by the charity and restricted or designated funds.

WOMENS CENTRE DERRY LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between 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 continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. Based on the year ended 31 March 2025 expenditure (excluding depreciation and non-recurring costs) of £379,900, the target level of reserves is £94,960 to £189,900. Free reserves of the charity as at 31st March 2025 are £321,268, therefore the Trustees are pleased to confirm that the charity is compliant with its reserves policy. The Trustees continue to strive to maintain a general level of reserves in accordance with their policy so that they will be able to continue the current activities of the charity.

Within unrestricted funds, a designation of £425,066 has been set aside represented by the property at 5 Guildhall Square owned and used by the charity on an on-going basis for charitable activities. The designated funds balance is equivalent to the depreciated historic cost of the capital expenditure. A sum equivalent to the depreciation charge on the building will be allocated each year to the designated fund, until it is fully amortised.

Major risks

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 which the charity is exposed. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Internal control risks are minimised through the procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with applicable laws and regulations. All procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.

Structure, governance and management

Governing document

Women’s Centre is a company limited by guarantee and accepted as charitable by Charity Commission for NI 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 Association which established the objects and powers of the company, and is governed by its Articles of Association. The liability of members is limited in that every member of the company undertakes to contribute an amount not exceeding £1 in the event of the company being wound up.

The Trustees, who are also the directors 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 Doherty (Chairperson) Kathy Colhoun (Treasurer) Dr Clionagh Boyle Geraldine Compton Roisin Hegarty Dina Gomaa (Resigned 26 June 2024) Saorla Boyle

Recruitment and appointment of trustees

The Board of Trustees manages the process of recruitment and appointment of Trustees, and may admit to membership any person interested in promoting the objects (primary purpose) of the company.

WOMENS CENTRE DERRY LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Organisational structure

The Centre is governed by a committed Board of Directors who bring a wide range of skills and expertise, including finance, youth work, management, early years education, learning support, translation, and community development. The Board met regularly throughout the year and maintained oversight of governance, strategy, and financial performance.

The Trustees have ultimate legal and financial responsibility for the affairs of the Women'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 charity.

A scheme of delegation is in place and responsibility for the provision of services rests with the Centre Director, who is responsible for the day to day operational management of the charity. Trustees ensured compliance with statutory responsibilities and monitored risk management processes. The Board also supported staff development and the implementation of effective policies and procedures.

The Trustees remain satisfied that the Women's Centre is compliant with good governance practices in line with the requirements of the Charity Commission of Northern Ireland.

Statement of Trustees' responsibilities

The Trustees, who are also the directors of Womens Centre Derry 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 Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

In accordance with the company's articles, a resolution proposing that Moore (NI) LLP be reappointed as auditor of the company will be put at a General Meeting.

WOMENS CENTRE DERRY LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Disclosure of information to auditor

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The Trustees' report was approved by the Board of Trustees.

.............................. .............................. Denise Doherty (Chairperson) Kathy Colhoun (Treasurer) Trustee Trustee Date: ............................................. (7/O6/2ZOLS

WOMENS CENTRE DERRY LTD

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WOMENS CENTRE DERRY LTD

Opinion

We have audited the financial statements of Womens Centre Derry Ltd (the ‘charity’) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet and the notes to the financial statements, including a summary of significant 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 our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities 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, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated 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, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

WOMENS CENTRE DERRY LTD

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF WOMENS CENTRE DERRY LTD

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 included 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 if, in our opinion:

Responsibilities of Trustees

As explained more fully in the statement of Trustees' responsibilities, the Trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal 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 Trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial 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 auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

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 obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company.

Based on our understanding of the charitable company and its operating environment, we determined that the most significant frameworks which have a direct impact on the preparation of the financial statements are those related to the reporting framework, (FRS 102, the Charities Act (Northern Ireland) 2008, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015, the Charity SORP and the Companies Act 2006). Additionally, we concluded that there are significant laws and regulations in relation to the company's charitable status and activities of which non-compliance may have a material effect on the financial statements.

We assessed the susceptibility of the charitable company's financial statements to material misstatement, including how fraud might occur, including evaluating management's incentives and opportunities to manage earnings or influence the reported results. From the results of our assessment, we determined that the principal risks of fraud relate to posting inappropriate journal entries and use of charity funds for purposes outside of restrictions imposed by the donor. In common with all audits under ISAs (UK), we are required to perform specific procedures to respond to the risk of management override.

WOMENS CENTRE DERRY LTD

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF WOMENS CENTRE DERRY LTD

Audit 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. Audit procedures performed by the engagement team included:

We communicated relevant laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. There are inherent limitations in the audit procedures described above and the further removed non-compliance with 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 material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment through collusion, forgery, intentional omissions, misrepresentations or the override of internal control.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance 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 auditor’s 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 charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

John Bradley (Senior Statutory Auditor)

For and on behalf of Moore (NI) LLP, Statutory Auditor Chartered Accountants 21/23 Clarendon Street Derry/Londonderry BT48 7EP Date: ......................... (7/Ob/2ZOLS

WOMENS CENTRE DERRY LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Current financial year
Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
designated
2025
2025
2025
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
88,256
-
-
Charitable activities
4
11,448
-
362,507
Investments
5
3
-
-
Other income
6
4,410
-
-
Total income
104,117
-
362,507
Expenditure on:
Charitable activities
7
58,209
17,149
383,660
Total expenditure
58,209
17,149
383,660
Net income/(expenditure)
45,908
(17,149)
(21,153)
Transfers between funds
(17,233)
-
17,233
Net movement in funds
9
28,675
(17,149)
(3,920)
Reconciliation of funds:
Fund balances at 1 April 2024
296,005
442,215
73,672
Fund balances at 31 March 2025
324,680
425,066
69,752		 Total
2025
£
88,256
373,955
3
4,410
466,624
459,018
459,018
7,606
-
7,606
811,892
819,498		 Total
2024
£
72,522
335,864
8
-
408,394
402,806
402,806
5,588
-
5,588
806,304
811,892

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

WOMENS CENTRE DERRY LTD

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Prior financial year
Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
designated
2024
2024
2024
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
72,522
-
-
Charitable activities
4
6,724
-
329,140
Investments
5
8
-
-
Total income
79,254
-
329,140
Expenditure on:
Charitable activities
7
64,879
17,149
320,778
Total expenditure
64,879
17,149
320,778
Net income/(expenditure)
14,375
(17,149)
8,362
Transfers between funds
(11,754)
-
11,754
Net movement in funds
9
2,621
(17,149)
20,116
Reconciliation of funds:
Fund balances at 1 April 2023
293,384
459,364
53,556
Fund balances at 31 March 2024
296,005
442,215
73,672		 Total
2024
£
72,522
335,864
8
408,394
402,806
402,806
5,588
-
5,588
806,304
811,892

WOMENS CENTRE DERRY LTD

BALANCE SHEET

AS AT 31 MARCH 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 13 435,956 446,231
Current assets
Debtors 14 60,728 35,507
Cash at bank and in hand 354,418 350,696
415,146 386,203
Creditors: amounts falling due within 15
one year (31,604) (20,542)
Net current assets 383,542 365,661
Total assets less current liabilities 819,498 811,892
The funds of the charity
Restricted income funds 18 69,752 73,672
Unrestricted funds - general 20 324,680 296,005
Unrestricted funds - designated 19 425,066 442,215
819,498 811,892
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the Trustees on .........................
(7/O6/LZOLS
.............................. ..............................
Denise Doherty (Chairperson) Kathy Colhoun (Treasurer)
Trustee Trustee

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Company registration number NI033263 (Northern Ireland)

WOMENS CENTRE DERRY LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

Womens Centre Derry Ltd is a private company limited by guarantee incorporated in Northern Ireland. The registered office is Beibhinn House, 5 Guildhall Street, Derry, BT48 6BB.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared 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 principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions 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 performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

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 activities includes the costs of childcare and educational services undertaken to further the purposes of the charity and their associated support costs.

WOMENS CENTRE DERRY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's programmes and activities. The bases on which support costs have been allocated are set out in note 8.

Irrecoverable VAT is charged as a cost against the activity 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 impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% straight line Fixtures and fittings 25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable 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 liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price 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 measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

WOMENS CENTRE DERRY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Taxation

The company is a charity and is recognised as such by HM Revenue & Customs under the charity tax reference XR 19291. As a result there is no liability to taxation on any of its income.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations and gifts 88,256 72,522

WOMENS CENTRE DERRY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Income from donations and legacies (Continued)
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations and gifts
GROW Fund 38,700 36,000
WISER NI CIC 45,494 25,992
The Community Foundation - Kingsbridge Foundation - 5,000
Other 4,062 5,530
88,256 72,522

3 Income from donations and legacies

Unrestricted Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Charitable activities
Courses and craft income 11,448 - 11,448 6,724 - 6,724
Grant funding - 362,507 362,507 - 329,140 329,140
11,448 362,507 373,955 6,724 329,140 335,864
Analysis of grant funding
Charitable Charitable
activities activities
2025 2024
£ £
Dept for Communities - VCD 109,062 102,615
Dept for Communities - Regional Support 31,562 29,498
Connect Peace 21,950 -
UKSPF - Success NW project 60,156 32,999
Derry City & Strabane District Council 9,930 4,000
National Lottery Community Fund - Women's Regional MAS programme 23,369 20,835
National Lottery Community Fund - Recover Rebuild Renew 77,105 108,585
Magill Family Trust 12,000 -
BBC Children in Need 13,384 23,538
Other 3,989 7,070
362,507 329,140

WOMENS CENTRE DERRY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

5 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 3 8
6 Other income
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Management charge 4,410 -

WOMENS CENTRE DERRY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

7 Expenditure on charitable activities

Charitable Charitable
activities activities
2025 2024
£ £
Direct costs
Staff costs 276,277 239,003
Depreciation and impairment 20,246 19,483
Project expenses 47,627 39,304
Property costs 9,231 11,098
Repairs and maintenance 11,682 6,401
Office costs 17,891 16,629
Advertising, marketing and publicity - 456
Travel expenses - 707
Staff training 929 33
Insurance 6,356 7,698
Consumables 2,530 1,883
Bank charges 787 579
General expenses 6,546 3,581
400,102 346,855
Share of support and governance costs (see note 8)
Support 54,116 51,151
Governance 4,800 4,800
459,018 402,806
Analysis by fund
Unrestricted funds - general 58,209 64,879
Unrestricted funds - designated 17,149 17,149
Restricted funds 383,660 320,778
459,018 402,806
Support costs allocated to activities
2025 2024
£ £
Staff costs 54,116 51,151
Governance costs 4,800 4,800
58,916 55,951
Analysed between:
Charitable activities 58,916 55,951

8 Support costs allocated to activities

WOMENS CENTRE DERRY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

8 Support costs allocated to activities

(Continued)

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs represent time spent by staff on back office work, finance, personnel, payroll and governance matters which are necessary to plan, direct and monitor the charity's programmes and activities.

9

Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements 4,800 4,800
Depreciation of owned tangible fixed assets 20,246 19,483

10 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

11 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
Aggregate compensation		 2025
Number
16
2025
£
288,957
21,821
19,615
330,393
2025
£
128,625		 2024
Number
13
2024
£
254,174
19,071
16,909
290,154
2024
£
121,018

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

WOMENS CENTRE DERRY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

13
Tangible fixed assets
Freehold land
and buildings
£
Cost
At 1 April 2024
857,438
Additions
-
At 31 March 2025
857,438
Depreciation and impairment
At 1 April 2024
415,221
Depreciation charged in the year
17,149
At 31 March 2025
432,370
Carrying amount
At 31 March 2025
425,068
At 31 March 2024
442,217
14
Debtors
Amounts falling due within one year:
Amounts owed by WISER NI CIC
Grant claims receivable
15
Creditors: amounts falling due within one year
Notes
Bank overdrafts
16
Accruals
16
Loans and overdrafts
Bank overdrafts
Payable within one year		 Fixtures and
fittings
£
204,586
9,970
214,556
200,571
3,097
203,668
10,888
4,014
2025
£
45,820
14,908
60,728
2025
£
26,804
4,800
31,604
2025
£
26,804
26,804		 Total
£
1,062,024
9,970
1,071,994
615,792
20,246
636,038
435,956
446,231
2024
£
26,318
9,189
35,507
2024
£
8,056
12,486
20,542
2024
£
8,056
8,056

WOMENS CENTRE DERRY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

17 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 35,985 30,321

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 fund.

18 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April Incoming Resources Transfers At 31 March
2024 resources expended 2025
£ £ £ £ £
Dept for Communities - VCD - 109,062 (126,295) 17,233 -
Dept for Communities -
Regional Support - 31,562 (31,562) - -
UKSPF - Success NW project - 60,156 (60,156) - -
Connect Peace - 21,950 (8,303) - 13,647
Derry City & Strabane District
Council - 9,930 (9,930) - -
Magill Family Trust - 12,000 (4,522) - 7,478
WHSCT - SEEDS 6,944 - (6,944) - -
HFNI Halifax Foundation 6,243 - (6,243) - -
National Lottery Community
Fund - Recover Rebuild Renew 44,141 77,105 (86,110) - 35,136
BBC Children in Need 9,180 13,384 (18,580) - 3,984
National Lottery Community
Fund - Women’s Regional MAS
programme 7,164 23,369 (21,026) - 9,507
Dept of Justice D&S Abuse - 3,626 (3,626) - -
Other restricted funds - 363 (363) - -
73,672 362,507 (383,660) 17,233 69,752

WOMENS CENTRE DERRY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

18 Restricted funds (Continued)
Previous year: At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
Dept for Communities - VCD - 102,615 (113,015) 10,400 -
Dept for Communities -
Regional Support 914 29,498 (31,429) 1,017 -
UKSPF - Success NW project - 32,999 (32,999) - -
Derry City & Strabane District
Council - 4,000 (4,282) 282 -
WHSCT - SEEDS 9,400 360 (2,816) - 6,944
HFNI Halifax Foundation 3,588 3,740 (1,085) - 6,243
OCN NI - 2,970 (3,025) 55 -
National Lottery Community
Fund - Recover Rebuild Renew 13,085 108,585 (77,529) - 44,141
BBC Children in Need 20,502 23,538 (34,860) - 9,180
National Lottery Community
Fund - Women’s Regional MAS
programme 6,067 20,835 (19,738) - 7,164
53,556 329,140 (320,778) 11,754 73,672

CONNECT

The project is funded by PEACEPLUS, a programme managed by Special EU Programmes Body (SEUPB). Administered by Derry City and Strabane District Council. This programme is dedicated to building peaceful, prosperous, and thriving communities by fostering strong local connections, encouraging cultural appreciation, and supporting community-led transformation.

Dept for Communities - VCD

Core support for the organisation to maintain and support the delivery of community development activities, education, childcare, information, signposting and support services for women and children from disadvantaged communities.

Dept for Communities - Regional Support

This project supports WCD as part of a Consortium of seven established Women's Sector organisations. This organisation works to support frontline women's organisations ensuring the delivery of identified specialist functions on a regional basis, rural and urban across Northern Ireland.

UKSPF - Success NW

Shared Prosperity Fund- Success Northwest (SNW) project is an ambitious, collaborative, consortium approach, with community-based, partners in eight community hubs across the DCSDC area. The project provides intensive and tailored interventions to those economically inactive residents. The project uses a range of holistic approaches to address barriers and support individuals to secure sustainable, good quality employment.

Derry City & Strabane District Council

Good Relations Fund which delivered the (ESOL) English Speakers Other Languages project to women arriving new to the City.

WOMENS CENTRE DERRY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

18 Restricted funds

(Continued)

WHSCT - SEEDS

Funding for the provision of therapeutic and self-care support for vulnerable women and children.

HFNI Halifax Foundation

Funding for the delivery of conversational English classes at the Centre.

National Lottery Community Fund

Funding for People and Communities RECOVER REBUILD RENEW project.

BBC Children in Need

This project will provide advocacy support and activities for Black and minority ethnic, resettled, and refugee children and young people. It will reduce isolation, improve English skills, and increase health and wellbeing.

National Lottery Community Fund – Women’s Regional MAS programme

Peri-Natal Peer support programme. Advocacy & Mental Health Well-Being.

19 Unrestricted funds - designated

These are unrestricted funds which are material to the charity's activities.

At 1 April Resources At 31 March
2024 expended 2025
£ £ £
Designated property funds 442,215 (17,149) 425,066
Previous year: At 1 April Resources At 31 March
2023 expended 2024
£ £ £
Designated property funds 459,364 (17,149) 442,215

Designated funds is the value of unrestricted funds represented by the property at 5 Guildhall Square owned and used by the charity on an ongoing basis for charitable activities. The period end balance is equivalent to the depreciated historic cost of the capital expenditure. A sum equivalent to the depreciation charge on the building will be allocated to the designated fund each period, until it is fully amortised.

20 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources Transfers At 31 March
2024 resources expended 2025
£ £ £ £ £
General funds 296,005 104,117 (58,209) (17,233) 324,680

WOMENS CENTRE DERRY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

20 Unrestricted funds (Continued)
Previous year: At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
General funds 293,384 79,254 (64,879) (11,754) 296,005
21 Analysis of net assets between funds
Unrestricted Unrestricted Restricted Total
funds funds funds
general designated
2025 2025 2025 2025
£ £ £ £
At 31 March 2025:
Tangible assets 3,412 425,066 7,478 435,956
Current assets/(liabilities) 321,268 - 62,274 383,542
324,680 425,066 69,752 819,498
Unrestricted Unrestricted Restricted Total
funds funds funds
general designated
2024 2024 2024 2024
£ £ £ £
At 31 March 2024:
Tangible assets 3,149 442,215 867 446,231
Current assets/(liabilities) 292,856 - 72,805 365,661
296,005 442,215 73,672 811,892

22 Contingent Liabilities

Certain grants received and receivable may become repayable to the funder if the charity is no longer able to meet the conditions under which they were awarded. Due to the nature of these contingencies it may not be possible to quantify the potential financial effect or give an indication of the timing as to the liabilities that may arise.

23 Transfers between funds

During the year there have been net transfers between funds in the amount of £17,233 from unrestricted general funds to restricted funds which represents the charity's contribution from unrestricted general funds towards the cost of providing charitable services.

24 Related party transactions

Transactions with related parties

WOMENS CENTRE DERRY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

24 Related party transactions

(Continued)

The Women's Centre has a close working relationship with WISER (NI) CIC, a community 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 common control.

During the year, the Women's Centre had the following transactions with WISER (NI) CIC:

25 Auditors' Ethical Standards

In common with many businesses of its size and nature, the charity uses its auditors to assist with the compilation of the statutory financial statements.