COMPANY REGISTRATION NUMBER: N1625060 CHARITY REGISTRATION NUMBER: NIC101001 Kilcooley Womens Centre Company Limited by Guarantee Financial Statements 31 March 2023
Kilcooley Womens Centre Company Limited by Guarantee Financial Ststements Year ended 31 March 2023 Page Trustees, annual report (incoiporating the directorfs report) I ndependent auditor's report to the members Statement of financial activities (including income and expenditure account) 13 statement of financial position 14 Statement of cash flows 15 Notes to the financial statements 16
Page 1 Kilcooley Womens Centre Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2023 The trustees, who are also the directors for the purposes of Company law. present their report and the financial Statements of the charity for the year ended 31 March 2023. Reference and adrninlstratlve detalls Re9lStered charity name Kilcooley Womens Cenlre Chavity reglstratlon number NIC101001 Company reglstratlon number N1625060 Principal office and registered Unit 65 North Down Development Organisation office 24 Balloo Avenue Ban9or BT19 7QT Northern Ireland The trustees Karen Connor Karin Gilkinson Shona Kelly Georgina Murray Margaret Weir Auditor Johnston Graham Limited Chartered accountants & statutory auditor 2161218 Holywood Road Belfast BT4 1PD Bankers First Trust 85 Main Street Bangor BT20 4BA Soli¢rto Peter Dornan & Co Solicitors 14 Harnilton Road Bangor BT20 4LE Structure, governance and management KilcoDley Women's Centre is governed by a Memorandum and Articles of Association and is a Company Limited by Guarantee with charitsble status. KWC is registered with the Nl Charity Commission. On appoinlrnent to the Board of Directors, the Trustee receives induction training to ensure they are aware of the responsibility of their post. The roles and responsibilities of the Board of Directors are contained in the Board Induction Manual and deiail the strategic level of their decision making powers. Operational matters are delegated to the Chief Executive who reports to the Board at meetings held at least 6 times per year. There are Board Sub-Groups including Staffing and Finance to promote good govemance.
Page 2 Kilcooley Womens Centre Company Limited by Guarantee Trustees. Annual Report {IncorpoTating the Director's Report) (¢onllnued) Year ended 31 March 2023 ObSectives and activities The objectives of KVc are to promote any charitable purpose for the benefjt of wornen. children and families resident in the Ards N¢)rth Down region to improve the conditions of their lives. In particular to.- i. Advance education and training through the delivery of programmes, covrses. initiatives, mentoring and guidance in order to a) Enhance transferable skills and educational attainment b) Foster personal development. confidence and capacities c) Prepare participants for training and employment oppjrtunities ii. To provide, maintain and develop a community and resOue centre for women i. To promote health and wellbeing arnongsl women by providing a confidential atmosphere where women can receive support. advice and guidan and be si9nposted. i. Promote peace and reconciliation. community engagement and cohesion, capacity for leadership and equality and diversty. v. Provide family support services to children of school age Enhance the development and education of young children and enable their mothers or carers to participate in education or training or other activities by offering appropriate childcare or day-care facilities. vii. P¥ovide facilities in the interests of social welfaie for recreation and olher leisure tirne occupations with the object of improving the conditions of lrfe for local resKlents. viii. A(Ivance comrnunity development by providing help. Suprort and facilities to community and voluntary groups based in Ards North Down and the South Eastern region. ix. To provide, facilitate and organise CO*operation and partiapation behveen communty and voluntary organisations. public and statulory agencies based in the Ards North Down region. Public Benefits Statement & Declaration The public benefit for Kilcooley Women's Centre are for the purposes ol benefitin9 women and children residenl in the North Down and Ards area are'.- (a) (i) Enhanced educational attainrnent, transferable skills. capabilities and capacibes of women and improved potents'al to secure ernployment. (li) Improved physical, intellectual. and social development of pie- and school-age children, early identification and support ol children with special or additional needs. The beneficiaries are women and their children living in the area of benefit. These benefits can be evidenced through inlemal records kept of the progress and qualifications achieved by the participants. evaluations of the work and impact of the Cenlre. feedback from beneficiaries and inspecttons undertaken by social seDilces. (b) A reduction in stress and isolation, general improvements in health and well-being and greater knowledge of health services and support available. The beneficiaries are women living in the area of benefit. These benefits can be evidenced through internal monitoring records and evaluations of the work and impact of the CentFe. (c) Increased efficienGy and effecliveness of the community and voluntary organisat(ons that receive suppor( resulting in enhanced outcomes and serdice delivery and. consequently, an improved quality of life for those who benefit from the work of these organisations. The beneficiaries are communty and voluntary sector organisations. These benefits can be evidenced through internal monitoring records and feedback and evaluations. No hami or private benefft arises frorn these purposes. No ljarm arises from these purposes. Incidental benefit may arise from transferable skills training offered to Board members to fulfil their duties.
Page 3 Kilcooley Womens Centre Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (condnued) Year ended 31 March 2023 What the Organisation Does KWC provKles a comrnunity resource for women, and advances education and training through the delivery of progfammes. courses and initiatives. mentoring and guidan. It fosters personal development. confidence and capacities and to prepare participants for training and employment opp)rtunities. The Wornen's Centre promotes health and wellbeing for women, giving support. advi and guidan. A key activity is the promotion of peace, reonciliation. social enterprise and community cohesion. Through its family ffiendly programmes. the centre provides earfy intervention and family support. education of young children through childcare and daycare, provides facilities to improve social welfare. leisure. communty development. forging partnerships with stskeholder agencies.
Page 4 Kilcooley Womens Centre Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {conllftuedJ Year ended 31 March 2023 Achievements and performance Education & Tralnlng Department for Communities Throughout the year, the organisation has been supported through Department for Communities Neighbourhood Renewal. KWC delivers the fla9ship education and training programrne for '1¢O01ey. This provides the core elements for ernployability of Maths. English and ICT, available at Essential Skills and GCSE level. KWC ts a registered accreditation centre with the main UK awarding bodies induding CCEA. AQA OCR, OCN and Highfields. European Social Fund supported thiough Departsnent of the Economy ended in March 2023, and had deltvered a more comprehensive training programme across the Borough, for anyone unemployed or economically inactive. A varied range of vocational and academic subjects were available in a series of outcentres including rural and urban settings. Community Renewal Fund supported by Department for Housing and Local Govemment. CRF is the pilot employability progfamrne which is included within the UK Shared Prosperity Fund which will replace many of the EU funded programmes which are now ending after BrexiL This project is a comprehensive leaning, development and employability project. promoting a community and business partnership to address the skills gap locally and to improve employment outcomes in the region. The pilot ended on 31 December 2023. Employabilty iaVC delivered a ¢ornprehensive employabilty programme which encompassed creation of dynamic Cvs for clients. job interview preparation, mock interviews, inierview technique skills. assisting completion of application forms and hosting Job Fairs for employers. The employment team work closely with local employers to determine skills gap in the localjob markets. and to optimise opportunilies for 'rneet the employerf events. KlVC is working to build relationships within the business community via lis links with Bangor Chamber of commer to provide pl2Ments, job taster sessions and work experien with local business. Health & Wellbeing Working in partnership with the Public Health Agency and the South Eastern Healthcare Trust, KWC delivered a varied health and wellbeing and health pron))tion programme. As we emerged from the CovKI-19 pandemic, we were not only faced with the ongoing challenges of the virus, but also the new and emerging issues resulting from the illness and impact of lockdown on mental health and wellbeing. This included nutritional advice. physical activity. therapeutic horticulture and arts and crafts for positive mental health. Classes run on each day of the week and appeal to women from age 18 and up and include activities for all kvels and abilities including those with dementia. This project was offered across the Ards North Down region including in the rural community where outreach activities provided those in rurally deprived and isolated locations to benefit from wellbeing boosting and health information events. Bangor Social Superniarket KWC havin9 researched the social Supermarket model from 2015 and visited several sites across the UK opened Bangor Social SupermarkeVPanty in the Kilcooley estate. With a successful soft launch and testing period, the project is supporting over 40 families weekly with fresh and notorious food and householdlpersonal hygiene items. It also hosts the Period Povety project and has extended to include a 'Baby 8ank' assisting with essential items for new families. Early Years & Childcare KWC has been providing onsrte childcare, parenting programmes and early intervention initiatives for 27 years, to ensure caring responsibilities are not a barrier to engagement on programmes for women.
Page 5 Kllcooley Womens Centre Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) rcontlnued) Year ended 31 March 2023 Our Social Enterprise Daycare 'Ladybirds' offered registered full time daycare with South Eastern Heathcare Trust, provision is split into relevant age calegories and rooms - Babies aged 0-2 years, Wobblers aged 2-3, p-Pre school aged 34 and pre-school aged 34. Refurbishmenl comrnenced on the unit 1 1 Kilcooley Square site to ensure early years provision rernains in the estate. This will initially be sessional supportforvulnerable mums. caiers. parents and children, with extended services planned for when phase 2 of the development 15 realised. The third social support site based in Lisnabreenlwhitehill is now registered as a playgroup and can offer sessional Pla$. Childcare unit works closely with Early Years organisation to ensure a quality accessible service in Kilcooley and Ards North Down. for the community sector. Peace, Reconciliation & Good Relations Preparation and vision for Peace Plus were emerging and the organisation wa5 appointed to the Ards North Down Peace Plus Partnership to support the development of the local action plan. Good Relations small programmes were delivered on behalf of Good Relations Unit in Council and the Executive Office in Stormont. These promoted positive relations at a local level beeen women in Ards North Down, reinforGing the links we have established across the Borough betNeen women from all communities and backgrounds, Young Womén The centre continues to provides an intensive support prograrnme for young women aged 16-25 who are al risk of not reaching their fvll potential. Support is given to help prepare participants for the workplace. through provision of tailored academic and vocational training, ernployability preparation and coaching and mentoring. Childcare is provided as many of the young women are also young parents. Mentoring. confidence building. goal setting and personal development plans provide a bespoke pathway for each participant who joins the programrne, Supporting Older People Kilcooley Women's Centre recognises the valuable contribution older people provide to the local community and utilise theirskills Ihrough our intergeneralional programmes. Supportfor olderwomen is given in the weekly 'Monday Club, which provides betiiending. activities. arts and crafts, travel club. support. advice and guidance whilst helping to tackle social isolation and loneliness. Engagement with Nl Housing Executive Reading Rooms project has been very successful with the older participants, who enjoy the participative literacy group the project has established. The programmes for older people links with rural programmes. and our engagement with County Down Rural Neork and our Peace and Reconciliation work, as rnany of the older participants are keen to engage on good relations and dialogue activities. Additionally we offer storytelling classes to a local dementia nutsing home where we support individuals living with memory problems to avail of equal opportunities that benefit their wellbeing and provide them with an outlet. On occasions we also do flower arranging and other craft aciivities to benefit their wellbeing. The older peoples programmes are supported by a range of small grants, levering in bespoke programmes responding to identified need by older people in the area, Outreach & Rural Programmes Following independent research commissioned by iawc and Rural Development Partnership, a need was established to support women, children and families across the rural community in Ards North Down. Currentty. KWC provides an outreach programme in the villages across the wral communilies. supporting older women and encouraging intergeneralional engagement. 9ood relations and peace building. Partnership work continues to grow with County Down Rural NebNork with whom we have delivered several partnership projecls. This will be extended with programmes to support mental health for women, mothers and vulnerable groups. European Mob51ity IErasmus+ KWC is en9aged in a number of ErasmLts+ programmes both as a lead and a project partner.
Page 6 Kilcooley Womens Centre Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report> {condnu•d) Year ended 31 March 2023 Projects include developing cooperation across Europe to create innovative digital training for disadvantsged groups, including adults, young people and organisations. KWC is currently engaged on Key Action 2 Adult Education Strategic Partnerships and Key Action 3 Youth Policy proiecls. engaging with partners in Spain. Italy, France, Netherlands. Poland. Turkey. Romania, Bulgaria, Greece and Cyprus. These projects will conclude in May 2023 due to Brexit. The organBation continues to explore Turing Scheme opportunities, and k)bbyin9 the Dublin Gc>vernment to include adult educatDn in their extended Northern Ireland prograrnme. COVID19 Crisis Intervention The impact of the COVID19 pandemic continued to put huge pressure on the organisation, its staff and volunteers as we strived to maintsin an ongoing face lo seNice despite the challenging circumstances. KWG maintsined extensive activities, supporting vulnerable clients - new and existing in relation to their healih and wellbeing. This SUPPOrt remained throughout 2021- 2022 financial year, with the senior management team levering in COVKJ Recovery programrnes lo enable activity to Ilip to to digital and blended leaming approaches. Stsff were kept in post. and childcare remained open to support key worker children. Welfare packs to assist personal hygiene for women. children. men and baby b)xes were provided for client feferrals. working in partnership with heallh professionals, ommunity or9anisations and concerned residents. Classes were delivered on an online capacity using Zoom. wth a specific emphasis on mental wellbeing boostin9 activities to support those in isolation due lo to lockdown. Food Support. hygiene packs were also offered to all participants as well as the formulation of a local essential services directory covering all of the Ards and North Ikwn Area. All of this work will we availableinto the 202312024 financial year in the event that lockdown or restrictions retum and we work to ensure the support for vulnerable people is not impacted adversely as we emerge from the worldwide pandefflic and tackle the issues our service users fa as a result. Financial revlew Restricted reseries are used fw the purposes intended as per the conditions of funding for each fund. KWC'S restricted reserves balance related to the timing differential receipt of funding and expenditure. There reserves should balance at zero when programmes are completed. Unrestricted reserves a used for items in keeping with the organisations charitable aims and objectives. At the end of the current year. the charity shows an unrestrted reserve of £50,368
Page 7 Kilcooley Womens Centre Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (¢oniinueO) Year ended 31 March 2023 Plans for future perlods KWC aims to a} Deliver a dedicated Women's Centre for Ards Norlh Down and strengthen the rural services for women. children and families in the Borough. b} Secure a one-site location for the women's centre, currently split over 5 locations c) Secure the Ladybirds building through Community Ownership d) Enhance our heritage and cultural programmes to include social enterprise incubatron, co working space, in central Bangor e) Maintain resilience wilhin Ihe organisation as we support clients impacted by the Covid-19 crisis. ensuring we are front and central in the recovery intervention programrnes Q Lobby against the impact of Brexit and the instability of the Nl Executive and its impact on women. children and families. g) Progress the digitalisation project to improve access to KWC programmes via online platfonns developin9 the bespoke platform Women's Virtual College to continue virtuavdigitavblended learning approaches and further digitalisation of financial operations h) Develop social economy initiatives to help sustain the organisaiion. making it less reliant on grant income. i) Enhan the site and offer new Earfy Years spaces at 1 Kilcooley Square and develop additional services in INhitehilVLisnabreen j) Grow the partnership with Bangor Chamber of Commerce. to enhance our links with the business sector. k) Wort< with central Government on the legacy programmes (Shared Prosperity and Levelling Up) which replaced the EU grant programmes such as ESF and Erasrnus+ to ensure continuity of service for beneficiaries and lessen the impact of Brexit. Explore new potential in the Turing Scheme. the new UK international exchange programrne l) Enhance the rural engagement programme incorporating the Virtual College Nl hub concept Funds held as custodian trustee I<WC does not hold funds on behalf of others. Trustees. responsibilities statement The trustees, who are also directors for the purposes of company law, ale responsible for preparing the Iwstees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdorn Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitsble company and the incoming resources and application of resources. including the income and expenditure. for that period. In preparing these financial statements, the truslees are required to: select suitable accounling policies and Ihen appty them consistently; observe the methods and principles in the applicable Charities SORP; make judgments and accounting estimates that are reasonable and prudent; ppare the financial statements on the goin9 Conrn basis unless it 15 inappropriate to presume that the charity Viill continue in business.
Page 8 Kilcooley Womens Centre Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {conVnuedJ Year ended 31 March 2023 The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and 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 Ihe prevention and detection of fraud and other irregularitie5. Audltor Each of the persons who is a trustee at the date ef approval of this report confirms that: so far a5 they are aware, there is no relevant audit information of which the charity's auditor is unawa. and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that infomation. The auditor is deemed to have been re-appointed in accordan with section 487 of the Companies t 2006. Small company provlsions This report has been prepared in accordance with the provisions applicable lo companies entitled to the small companies exemption. The trustees, annual report was approved on 20 December 2023 and signed on behalf of the board of trustees by: Georgina MUaY Trustee Margaret Weir Trustee
Page 9 Kilcooley Womens Centre Company Limited by Guarantse Independent Auditor's Report to the Members of Kilcooley Womens Centre Year ended 31 March 2023 Opinion We have audited the financial statements of Kilcooley Womens Cenlre {the 'chafity') for the year ended 31 March 2023 which comprise the statement of financial actNities (including income and expenditure account). statement of financial position. statement of cash ftows and the related notes. including a summary of signiftcant accounting policies. The financial reporting frarrEwork that has been applied in Iheir preparatton is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reportin9 Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: gwe a true and fair view of the state of the charity's affairs as at 31 March 2023 and of its incoming resources and application of resources, including its inGome and expendilure, for the year then ended". have been proterly prepared in accordance with United Kingdom Generally Accepted Accounting PfactiGe: have been prepared in acGordance with the requirements of the Companies Act 2006. Basis for op(nlon 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 audito¢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 eviden we have obtained is SUfflent and appropriate to provide a basis for our opinK)n. Conclusions relating to golng concem In auditing the financial statements. we have concluded that the trustees, use of the going ncern basis of accounting in the preparation of the financial stalements is appropriate. Based on the work we have performed. we have not identified any material uncertainlies 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 e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report.
Page 10 Kilcooley Womens Centre Company Limited by Guarantee Independent Auditor's Report to the Members of Kilcooley Womens Centre (eontlnued) Year ended 31 March 2023 Other Inforniation The other information comprises the information included in the annual report, other than the financial statements and our auditorfs report thereon. The trustee5 are responsible for the other information. Our opinion on the financial statemenis does not cover the other information and, except to the extent othemise explially ststed in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other information and, in doing so, consider wheiher the other information is materially inconsistent with the financial ststements or our knowledge obtsined in the audit or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a malerial misstatement in the financial ststements or a material misstatement of the other information. If. based on the work we have perfDrrned. we condude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this re9ard. Opinlons on other matters prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audiL the information given in the trustees, report for the financial year for which the financial statements are prepared is consistent w•th the financial statements; and the trustees, report has been prepared in accordance wtth applicable legal requIrnents. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and lis environment obtained in the course of the audit, VR have not identified material misstatements in the trustees, porl We have nothing to port in fespect of the following matters in latIon to whh the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been re1Ve from branches not visited by us; or the financial ststements are not in agreement with the accounting records and returns: or certain discbsures of trustees, remuneratpjn specified by law are not made: cf we have not received all the informalion and explanations we require for our audit; the trustee5 were not entitled to prepare the financial statements in accordance with Ihe small companies regime and take advantage of the small companies, exemptions in preparing the directors, report and from the requirement to Prepa a strategic report.
Page 11 Kilcooley Womens Centre Company Limited by Guarantee Independent Auditorfs Report to the Members of Kilcooley Womens Centre (contlnuedj Year ended 31 March 2023 Responsibilities of trustees As explained more fully in the Irustees, responsibilities ststement, the Irustees (who are also the directors for the purposes of company law) are responsible for the preparatron of the financial statements and for being satisfied thal they give a true and fair view. and for such internal control as the truslees determine is necessary to enable the preparation of financial ststements that are free from material misstatement, whether due to fraud or eOr. In preparing the financial slatements. the trustees are responsible for assessing the charity's ability 10 continue as a going concern, disclosing, as applicable. matters related to going concem and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic altemative but to do so. Auditorfs responslbllities for the audit of the financial statements Our objectives a to obtain reasonable assuran about whether the financial statements as a whole a tree from material misstatement, whether due to fraud or eiror. and to issue an auditorfs 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 nSIdered material if, individually or in Ihe aggregate, they could reasonably be expected to Influen the economic decisions of users tsken on the basis of these financial statements. I[gUlarItieS. includtng fraud. are instances of non<ompliaftce with laws and regulations. We design produreS in line with our responsibilities, ouUined above. to detect material misstatements in respect of irregularities. including fraud. The extent to which our proodures are capable of detecting irregularities. including fraud is detailed below: As part of Ihe audit pro55 we obtained an understsnding of the legal and regulatory framework applicable to the entity, being FR102, Companies Act 2006 the UK taXat)n regime and Complian with regulations in relation to the Coronavirus Job5 Retention Scheme and the Coronavirus Business Interruption Scheme. In addition, we assessed the risks of material fraud through enquires with management and those charged with corporate governan and analytical prodUreS were used to assess any unusual or or unexpected relationships. As with all organisation of this size, Ihere remains an inherent difficulty in the detectton of irregularities. A further description of our responsibilities for the audit of financial ststements is located on the FRC'S website at W.trc.org.klauditarsresponslbllltIes As part of an audit in accordance with ISAS {UK). we exercise professional judgment and maintain professional scepticism thioughout the audit. We also-. Identify and assess the risks of material misstatement of the financial statements. whether due to fraud or error. design and perform audit procedures responsive to those risks. and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement re5ulling from fraud is higher than for one SUIting from error, as fraud may involve collusion. forgery. intentional omissions. misrepreseniations, or the override of intemal control. Obtain an understanding of internal control relevant to the audit in order to design audit proGedures that are appropriate in the circurnstances, but not for the purpose of expressing an opinion on the effectsveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimales and related disclosures made by the trustees.
Page 12 Kilcooley Womens Centre Company Limited by Guarantee Independent Auditor's Report to the Members of Kilcooley Womens Centre (continued) Year ended 31 March 2023 Conclude on the appropriateness of the trustees. use of the going ¢oncem basis of accounting and. based on the audit evidence obtained, whether a material uncertainty exists related lo events or conditions that may cast Si9nificant doubt on the charity's ability to continue as a going concem. If we conclude that a material uncertainty exisls. we are required to draw attention in our auditorfs report to the related disclosures in the financial statements or. if such disdosures are inadequate, lo modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our audilorfs report. However, future events or conditions may cause the charity to cease to continue as a going concem. Evaluate the overall presentation. structure and content of the financial statements, including the disdosures. and whether the financial statements represent the underlyin9 transactions and events in a manner that achieves fair presentation. We communiGate wrth those charged with governantt garding. among other rnatters, the planned scope and timing of the audit and significant audit findin9s, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is rnade solely to the charty's members. as a body, in accordan with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's rnernbers those matters we a required to state to them in an auditorfs port and for no other purpose. To the fullesl extent pemiitted by law, we do not accept or assume responsibility to anyone other Ihan the charity and the charity's members as a body, for our audit work. for this report, or for the opinions we have formed. Elaine Mulholland (Senior Statutory Audrtor) For and on behalfof Johnston Graham Limited Chartered acGounlants & statulory auditor 2161218 Holywood Road Belfast BT4 1PD 20 December 2023
Page 13 Kilcooley Womens Centre Company Limited by Guarantse Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2023 2023 Restrrcted funds Total funds Total funds 2022 Unrestricted funds Nots Income and endowments Donations and legacies other trading activities Total income 33.333 45.851 846.833 880.166 45.851 1.054.035 46.982 79,184 846,833 926,017 1,101,017 Expenditure Expenditure on charitable activitie5 Total expenditure 7,8 78.362 910.133 988,495 928.555 78.362 910,133 988.495 928,555 Net lexpendlture)lincome and net movement In funds 822 (63.300) (62.478) 172,462 Reconciliation of funds Total funds brought fomard Total funds carrled forward 4g,546 737,772 787,318 614,856 787,318 50.368 674.472 724.840 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 16 to 24 fomi part of these financlal Statements.
Page 14 Kilcooley Womens Centre Company Limited by Guarantee Statement of Financial Position 31 March 2023 2023 2022 Fixed assets Intangible assets Tangible fixed assets 13 14 12.120 530.959 24.000 445,656 543.079 469,656 Current assets Debtor5 Cash at bank and in harKI 15 76,245 365,364 94,154 558,309 441,609 652,463 Creditors: amounts falllng due within one year Net Gurrent assets 16 18,312 93,258 423,297 966,376 559,205 Total assets less current liabilities 1,028,861 Creditors: amounts falling due after more than one year 17 241,536 241.543 787.318 Net assets 724,840 Funds of the charity Restricted funds Unrestricted funds 674,472 50,368 737.772 49.546 Total charity funds 19 724,840 787,318 These financial ststernents have been prepared in accordance with the provisions applicable to companies subjeci to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 20 December 2023. and are signed on behalf of the board by: i4LtrI Georgina Murray Trustee Margarel Weir Trustee The notss on pages 16 to 24 forni part of these flnanclal statements.
Page 15 Kilcooley Womens Centre Company Limited by Guarantee ststement of Cash Flows Year ended 31 March 2023 2023 2022 Cash flows from operating activilies Net {expenditure}lincome (62.478) 172,462 Adjustments for Depreciation of tangible fixed assets Amortisation of intangible assets Interest payable and similar charges Accrued income 19,513 11,880 10,452 (75.381) 13.241 12,000 6.967 (109,556) Changes in.. Trade and other.debtors Trade and other Greditors 17.909 435 19.514 3.045 117.673 Cash generated from operations (77,670) Inte$L paid Net cash (used in)Ifrom operating activities (10,452) {88,122) (6,967) 110,706 Cash flows from investing activitles Purchase of tangible assets Net cash used in investing activities (104,816} (408,277) {104,816) {408,277) Cash Ilows from financlng activities Proceeds from borrowings Net cash (used in)lfrom financing activities (7) {7) 251,543 251,543 Net decrease in cash and cash equivalents Cash and Gash equlvalents at beginning of year Cash and cash equivalents at end of year (192.945) SS8,309 365,364 (46,028) 604,337 558,309 The notes on pages 16 10 24 forni part of these flnanclal statsments.
Page 16 Kilcooley Womens Centre Company Limitsd by Guarantee Notes to the Financial Ststements Year ended 31 March 2023 General infornialion The charty is a public benefit entity and a private company limited by 9uarantee. registered in N.Ireland and a registered charity in Northern Ireland. The address of the registered office is Unit 65 North Down Development Organisation. 24 Balloo Avenue, Bangor, BT19 7QT. Northern Ireland. Statement of compliance These financial stateREnts have been prepared in Complian with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Irelanrf, the Statement of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP {FRS 102)) and the Companies Act 2006. Accounting policies Basls of preparation The financial statements have been prepared on the historical cost ba515. as modified by the revaluation of certain financial assets and liabilities and investment properttes measured at fair value through income or expenditure. The financkil statements are prepared in sterling, which is the functional GurrenGy of the entity. Golng concern There are no Material uncertainties aljout the charity's abilty to continue. Judgements and key sources of eslimatlon uncertainty The preparation of the financial statements requires management to make judgements. estimales and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed arnd a based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Foreign currencies Foreign currency transactions are initially recorded in the functional currency, by applying the spol exchange rate as at the date of the tran5aclion. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate rulin9 al the reporting date. with any gains or losses being taken to the stalernenl of financial activities. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmatked by the trustees for particular future project or mmitment. Restrided funds are subjected to restrfetions on thelr expenditure dedared by the donor or through the terms of an appeal, and fall into one of two sub<lasses: restted income funds or endowment funds.
Page 17 Kilcooley Womens Centre Company Limited by Guarantee Noles to the Financial Statements (conllnued) Year ended 31 March 2023 Accounling pollcles fconthu Incoming resources All incoming reSoueS are included in the statement of financial activities when entiuernent has passed to the charity. it is probable that the economic benefrts ass¢xiated with the transaction will flow to the charity and the amount Can be reliably measured. The following specific policies are applied to partiGulaF categories of income: income from donations or grants is recognised when Ihere is evidence of entitlement to the gift, receipt is probable and its amount can be measured lIablY. legacy income is recognised when receipt is pr¢)bable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure lIablY. in which case the value is derived from the cosl to the donor or the estirnated resale value. Donated faalities and ser4ices a recognised in the attounts when received rf the value can be reliably measured. No amounts a included for the contribution of general volunteers. income from contracts for Ihe supply of services is cOgnised with the delivery of the contracted service. This is classified as unrestrtcted funds unless there is a contractual requirement. for il to be spent on a particular purpose and returned if unspent, in which case it may be regarded as re5lricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial acb'vities to which it relates- expenditure on raising funds includes the costs of all fundraising activities. events. non- charitable trading activities. arKI the sale of donated good5. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries. including those support costs and costs lating lo the governan of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs a allccated to expenditure categories refiecting the use of the sOurCe. Direct costs attributable to a single activity are allocated directly to that activty. Shared costs are apportioned bebNeen the activities théy contribute to on a reasonable. justifiab5e and consistent basis. Intanglble assets Intangibk assets are initially recorded at cosc and are subsequently stated at cost less any accumulated amortisation and impairment bsses. Any intangible assets carried at revalued amounts. are recorded at the fair value al the date of revaluation, as determined by reference to an active market. less any subsequent accumulated amortisatii)n and subsequent accumulated impalnnent losses.
Page 18 Kilcooley Womens Centre Company Limited by Guarantee Notes to the Financial Statsrnents (¢onthiu Year ended 31 March 2023 Accountlng policies (confinueo) Intangible assets (¢onllnu8oJ Intangible assets acquired as part of a business Combination are only recognised separately from goodwill when they arise from contractual or other legal rights. are separable. the expected future economic benefits are probable and the cost or value can be measured reliably. Amortlsation Amortisation is calculated so as to write off the cost of an assec less its estimated residual value. over the useful life of that asset a5 follows- Website Website If there is an indication that there has been a significant change in artisab0n rat& uselul lile or residual value of an intangible assel, the amortisation is revised prospectively to reflect Ihe new estimates. Tangible assets Tangible assets are initi311y recorded at cost. and subsequentty stated at cost less any accumulated depreciation and impaimEnt bsses. Any tangible assets carried at valued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation. is recognised in other recognised gains and losse5, unless it reverses a tharge for impainnent that has previously been recognised as expenditure within Ihe statement of financial activities. A dease in the carrying amount of an asset as a result of revaluation, is reco9nised in other recognised gains and losses. except to which it offsets any previous revalualion gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depre¢latlon Depreciation is calculated so as to write off the cost or valuation of an asset. less its residual value, ove[ the useful economic life of that asset as follows: Equipment Office Equipment Impairmentof fixed assets A review for indrators of impairment is carried out at each reporting date. with the recoverable amount being estimated where such indicators exisL Where the cafrying value eXedS the recoverable amount. the asset is impaired accordingly. Prior impaiments are also reviewed for possible reversal at each report(ng date. For the purposes of impairment testing. when it is not possible to eslimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of thecash- generating unil to which the asset belongs. The cash-9enerating unit is the smallesl identifiable group of assets Ihat includes the asset and generates cash inflows that largely independent of the cash inlk)ws from other assets or 9roups of assets.
Page 19 Kilcooley Womens Centre Company Limited by Guarantee Notes to the Financial Statements fcontlnugd) Year ended 31 March 2023 AGGounting policie5 (¢ontlnuedJ Impairment of fixed assets rwnflnuod) For impairment testing of goodwill. the goodwill acquired in a business combination is, Irom the acquisition date. allocated lo each of the cash4Jenerating units ihat are expected to benefit from the synergies of the Combination. irrespective of whether other assets or liabilities of the charity are assigned to those units. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in Ihe period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent thal the prepayment will lead to a dUCtIon in futu payments or a cash reftjnd. INhen contributions are not expected to be settled wholly within 12 month5 of the end of the reporting date in which the employees render the related service. the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in whiGh it arises. Limited by guaranteé The company is limited by guarantee and has no authorised or issued share capitsl. Thé company has charitable ststus aGcepted by the Charity Commission for Northern Ireland under reference NIC101001. Donations and18gacies Unrestricted Funds Restricted Totsl Funds Funds 2023 Donations CRF Levelling UP DIE Dfc Erasmus PHA DFA Rec Fund 159.894 148,748 103,881 213.950 51.013 26.055 159.894 148.748 103.881 213.950 51.013 26.055 Grants other Govemment Grants Donations 33,333 97,323 45,969 130.656 45.969 880.166 33,333 846,833 Unrestricted Funds Restricted Total Funds Funds 2022 Donations CRF Levelling UP DfE Dfc Erasmus PHA DFA Rec Fund 255,474 164,257 109,185 172.718 51.893 255.474 164,257 109,185 172,718 51,893
Page 20 Kilcooley Womens Centre Company Limited by Guarantee Notes to the Financial Statements {condnued) Year ended 31 March 2023 Donations and legacles (u>ntlnuedJ Unrestricted Funds Restricted Total Funds Funds 2022 Grants Other Government Grants Other Giants + Donations 145,472 121,703 145,472 155,036 1,054.035 33,333 33,333 1,020,702 Other trading activilies Unrestricted Total Funds Unrestricted Totsl Funds Funds 2023 Funds 2022 Childcare 45,851 45,851 46,982 46,982 Expenditure on charitable actlvlties by lund type Unrestricted Funds Restricted Total Funds Funds 2023 Charitable Acvtivities Support Costs 78,362 892.323 17,810 910,133 970,685 17.810 988.495 78,362 Unrestricted Fund5 Restricted Total Funds Funds 2022 Charitable Acviivities Supportcosts 34.494 879,865 14,196 894,061 914.359 14.196 34.494 928,555 Expenditure on charitable activitles by activity type Activities undertaken directly Support costs Total funds 2023 Total fvnd 2022 Charitable Acvtivities Govemance costs 970.685 970.685 17.810 914,359 14,196 928.555 17,810 17.810 970,685 988,495
Page 21 Kilcooley Womens Centre Company Limited by Guarantee Notes to the Financial Statements (w?tlnuedJ Year ended 31 March 2023 Net (expenditure)fincome Net (expenditure}fincome is slated after charging1(Cditing}. 2023 2022 Amortisation of intangible assets Depreciation of tangible fixed assets 11.880 19.513 12.000 13.241 10. Audttors remuneration 2023 2022 Fees payable for the audit of the financial statements 3,600 3,600 11. Staff costs The total staff costs and employee benefits for the portIng period are analysed as follows: 2023 2022 Wages and salaries Employer contributions to pension plans 431,779 20.040 422.031 16,299 451,819 438,330 The average head count of employees during the year was 20 {2022- 21). No employee received employee benefits of rrK)re than £60.000 during the year (2022: Nil). 12. Trustee remuneration and expenses No trustees received renurneration in the year. 13. Inlangible assets Intangible asset Cost At 1 April 2022 and 31 March 2023 Amortisation At 1 April 2022 Charge for the year At 31 March 2023 47.4f20 23,520 11,880 35,400 Carrying amount At 31 March 2023 12.120 At 31 March 2022 24.000
Page 22 Kilcooley Womens Centre Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 14. Tangible fixed assets Land and buildings Equipment Total Cost At 1 April 2022 Additions 392,693 60.215 145,148 44,601 537,841 104,816 At 31 March 2023 452,908 189,749 642,657 Depreciation At 1 April 2022 Charge for the year At 31 March 2023 92.185 19,513 111,698 92.185 19,513 111,698 Carrying amount At 31 March 2023 452,908 392,693 78.051 530.959 At 31 March 2022 52,963 445,656 15. Debtors 2023 2022 Trade debtors other debtors 63.107 13,138 74.441 19,713 76.245 94.154 16. Creditors: amounts falling due withln one year 2023 2022 Bank loans and overdrafts Accruals and deferred income Social security and other iaxes 10,000 4.486 3,826 18.312 10,000 79,867 3,391 93,258 17. Creditors: amounts falling due after more than one year 2023 2022 Bank loans and overdrafts 241,536 241,543 The loan included in notes 16 and 17 above has been secured from the Architectural Heritage Fund. by way of a charge over land and premises at 77 Main Streec Bangor.
Page 23 Kilcooley Womens Centre Company Limited by Guarantee Notes to the Financial Statements (conflnueo) Year ended 31 March 2023 18. Penslons and other post retlrement benefrts Defjned contrlbution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £20.040 (2022: £16.299). 19. Analysis of ¢haritable funds Unrestricted funds At 1 April 2022 At Incorne Expenditure 31 Mar 2023 General funds 49,546 79,184 (78.362) 50,368 At 1 April 2021 At Income Expenditure 31 Mar 2022 General funds 3,725 80.315 {34,494) 49,546 Restricted funds At 1 April 2022 At Income Expenditure 31 Mar 2023 Restricted Fund 737.772 846,833 (910,133) 674,472 At 1 April 2021 At 31 Mar 2022 Income Expenditure Restricted Fund 611.131 1,020,702 (894,061) 737,772
Pag¢ 24 Kilcooley Womens Centre Company Limited by Guarantee Notes to the Financial Statements {conUnuedJ Year ended 31 March 2023 20. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2023 Inlangible assets Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 12,120 530,959 391,241 (18.312) (241.536) 674,474 12,120 530,959 441,609 {18,312) (241.536) 724.840 50,368 50,368 Unrestricted Funds Restricted Total Funds Funds 2022 Intangible assets Tangible fixed assets Currenl assets Creditors less than 1 year Creditor5 greater than 1 year Net assets 24.000 24,000 445.656 445,656 594.918 644.464 (93.258> (93,258) (241.543) (241,543) 737,772 779,319 49.546 49,546 21. Analysls of changes in net debt At At 1 Apr 2022 Cash flows 31 Mar 2023 Cash at bank and in hand Debt due within one year Debt due after one year 558,309 (10.000) {241.543) 306.766 (192,945) 365.364 {10,000) (241.536) 113,828 (192,938)