Company registration number.. N1625060
Charity registration number.. 101001
Kilcooley Women's Centre
(A company limited by guarantee)
Financial Statements Financial Statements
31 M8rch 2024
'ADINERHT*
2411212024
COMPANIES HOUSE
#143

Kilcooley Women's Centre
Contents
Trustees Annual Report (incorporating the Directors. Report)
1tog
Independent Auditors, Report
10lo13
Statement of Financial Activities
14
Statement of Financial Position
15
Statement of Cash Flows
16
Notes to the Financial Statements
17to26

Kilcooley Women's Centre
Trustees Annual Report (incorporating the Directors. Report)
Year ended 31 March 2024
Trustees
Karen Connor, (Secretary)
Karin Gilkinson
Shona Lynn Kelly
Margaret Weir, {Chairperson)
Georgina Murray, (Treasurer)
101001
Charity Registration Number
Company Registratlon Number N1625060
Registered Office
Unit 65 North Down Development Organisation
2-4 Balloo Avenue
Bangor
Down
BT19 7QT
Auditor
RBCA Ltd
Linenhall Exchange
26 Linenhall Street
Belfast
BT2 8BG
Peter Dornan & Co Solicitors
14 Hamilton Road
Bangor
BT20 4LE
Solicltors:
Bankers
Flrsl Trust
11-15 Donegall Square North
Belfast BT1 5GB
Page 1

Kilcooley Women's Centre
Trustees Annual Report (incorporating the Directors. Report)
Year ended 31 March 2024
Structure, Governance & Constitution
Kilcooley 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 appointment lo 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 detail the strategic level of Iheir decision
making powers. Operational matters are delegated to the Chief Executive who reporls to the Board at
meetings held at least 6 limes per year. There are Board Sub-Groups including Staffing and Finance
lo promote good governance.
Objectlves and activities
The objectives of KWC are lo promote any charilable purpose for the b8nefit of women, children and
families resident in the Ards North Down region lo improve the conditions of their lives. In particular to
l. Advance educatlon and training through the delivery of programmes, courses, inltiatives, mentoring
and guidance in order lo
a) Enhance transferable skills and educational attainment
bl Foster personal development, confidence and capacities
c) Prepare participants for training and employment opportunities.
ii. To provide, maintain and develop a community and resource centre for women.
iii. To promote health and wellbeing amongst women by providing a confidential atmosphere where
women can receive support, advice 8nd guidance and be signposted.
iv. Promote peace and reconciliation, community engagement and cohesion, capacity for leadershlp
and equallty and dlversily.
v. Provide family support services to children of school age.
vi. Enhance the development and educalion of young children and enable their mothers or carers to
participate in educalion or training or other activities by offering appropriate childcaie or day-care
facililies.
vii. Provide facilities in the interests of social welfare for reGre8tion and other leisure lime occupations
wilh the object of improving the conditions of life for local residents.
viii. Advance community development by providing help. Support and facilities to community and
voluntary groups based in Ards North Dov4n and the South Eastern region.
ix. To provide, facilitate and organise co-operation and participation between community and
voluntary organisations. public and statutory agencies based in the Ards North Down region.
Page 2

Kilcooley Women's Centre
Trustees Annual Report (incorporating thp Dirp.ctors' Report)
Year ended 31 March 2024
Public Benefit Statement and Declaration
The public beneflt for Kilcooley Women's Centre are for the purposes of benefiting women and
children resident in the North Down and Ards area are:.
{al
{1) Enhanced educational attainment, transferable skills. capabilities and capacities of women and
improved potential to secure employment.
{ii) Improved physic81, inle118CtU81 and social development of pre- and school-age childr8n, earfy
identificalion and support of children with special or additional needs. The beneficiaries are women
and their children living in the area of benefil. These benefits can be evidenced through internal
records kept of the progress and qualifications achieved by the participants, evaluations of the work
and impact of the Centre, feedback from beneficiaries and inspections undertaken by social services.
(b) A reduction in stress and isolation, general improvements in health and well-being and greater
knowledge of heallh seNices 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 Centre.
(c) Increased efficlency and effectiveness of the community and voluntary organisations that receive
support, resulting in enhanced outcomes and service delivery and, consequently, an improved quality
of life for those who benefit from the work of Ihese organisations. The beneficiaries are community
and voluntary sector organisations. These benefits can be evidenced through internal monitoring
records and feedback and evaluations. No harm or private benefit arises from these purposes
No harm arises from these purposes. Incidental benefit may arise from transferable skills training
offered to Board members to fulfil their duties.
What the Organlsatlon Doe8
KWC provides a community resource for women, and advances education and training through the
delivery of programmes. courses and initiatives, mentoring and guidance. It fosters personal
development, confidence and capacities and lo prepare participants for training and employment
opportunities.
The Women's Centre promotes health and wellbeing for women, giving support, advice
and guidance. A key activity is the promotion of peace, reconciliation. social enterprise and
community cohesion, with a particular focus on relief of poverty, disadvantage and reducing health
inequalities. and providing programmes which contribute lo ending violence against women and gids
such as the Domestic Violence One Stop Shop. Through its family friendly programmes, the centre
provides early intervention and family support, education of young children through childcare and
daycare, provides facilities lo improve social welfare, leisure, communily developmenl, forging
partnerships with stakeholder agencies. Support to tackle povety includas the delivery of the Bangor
Social Supermarket, based al 1 Kilcooley Square, Bangor
Page 3

Kilcooley Women's Centre
Trustees Annual Report (incorporating the Directors. Report)
Year ended 31 March 2024
Achievements & Porfomianco During the Yèar
Educatlon & Training
Department for Communities
Throughout the year. the organisation has been support8d through Department for Communities
Neighbourhood Renewal, KWC delivers the flagship education and training programme for Kilcooley,
helping overcome educational underachievement and support long term unemployed or economically
inactive reventer the labour market. This provides the core elements for employability of Maths,
English and ICT and key transferable skills for employTnent. KWC is a registered accredilalion centre
with the main UK awarding bodies including CCEA, AQA, OCR, OCN and TQUK.
Employablllty
KWC delivered a comprehensive employability programme which encompassed creatlon of dynamic
Cvs for clients, job interwiew preparation, mock interviews, interview technique skills, assisting
complellon of application forms and hosting Job Fairs for employers. The employment team work
closely with local employers lo determine skills gap in the local job markets, and to optimise
opportunities for 'meet the employer, evenls. KWC is working lo build relationships within the business
community via ils links with Bangor Chamber of Commerce to provide placements, job lasler sessions
and work experience 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 promotion programrne and chairs the Kilcooley
Health Improvement Partnership (HIP) which brings logelher cross sectoral organisations to tackle
health inequalities in the area. The group works collectively lo support the most vulnerable with the
cost of living crisis including provision through the Bangor Social Supermarket, managed by KWC, the
Kilcooley Community Fridge and its associated wrap around support programmes, which include
nutritional advice, physical activity, therapeutic horticullure and arts and crafts for positive mental
health. A new community café 'Queen Bee, has been established as a warm space in the Kilcooley
area, where local people can access a range of support including food poverty. health and wellbeing
support, debt advice and a listening ear for Ihose experiencing rnental health challenges. Classes run
on each day of the week and appeal to women from age 18 and up and include activities for all levels
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 Soclal Supermarket
The Bangor Social Supermarket project is supporting over 40 families weekly with fresh and notorious
food and householdlpersonal hygiene items. 11 also hosts the Period Poverty project and has
extended to include a 'Baby Bank, as5isling with essential items for new families. Wrap around
support and a Community Fridge provide essential items for those on a limiled budget or experiencing
financial hardship. The project links with a number of volunteers - both collection and delivery of food,
supporting clients on shopping days and referrals to wrap around support. Volunteers include team
members from Bangor Jobs and Benefits Office who use the opportunity to link with vulnerable clients
and offer additional support.
Page 4

Kilcooley Women's Centre
Trustees Annual Report (incorporating the Directors. Report)
Year ended 31 March 2024
Early Years & Childcar•
KWC has been providing on-site childcare, parenting programmes and early intervention initiatives for
30 years, to ensure caring responsibilities are not a barrier to engagement on programmes for
women. Our Social Enterprise Daycare 'Ladybirds' offered registered full time daycare with South
Eastern Healthcare Trust, provision is split into relevant age categories and rooms - Babies aged 0-2
years, Wobblers aged 2-3. pre-pre school aged 3-4 and pre-school aged 34. Refurbishment
commenced on the unit 1 Kilcooley Square sile to ensure early years provision remains in the estate
continues to be a challenge and we hope to offer sessional provision to fill gaps in provision in the
area, where other services have ceased.
Peace, Reconclllatlon & Good Relallons
Kilcooley Women's Centre was 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 be￿een women in
Ards North Down, reinforcing the links we have established across the Borough between women from
all communities and backgrounds.
Young Women & Girls
The centre continues to provides an intensive support programme for young women aged 16-25 who
are at risk of not reaching their lull potential. Support is given to help prepare participants for the
workplace, through provision of tailored academic and vocational training, employability preparatlon
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 programme. A Girls project has been developed
in partnership with local schools, to contribute to the Ending Vlolence Against Women & Girls
Strategy.
Supportlng Older Peopl•
Kilcooley Women's Centre recognises Ihe valuable contribulion older people provide to the local
community and utilise their skills through our intergenerational programmes. Support for older women
is given in the weekly 'Monday Club, which provides befriending, aclivilies, arts and crafts, travel club,
support, advice and guidance whilsl helping to tackle social isolation and loneliness. The Older
Women's Group enjoy the participalive literacy group the project has established. The programmes
for older people links with rural programmes, and our engagement wilh County Down Rural Nehjork
and our Peace and Reconciliation work, as many of the older participants are keen lo engage on good
relations and dialogue aclivilies. Additionally we offer stoNelling classes to a local dementia nursing
home where we support individuals living with memory problems to avail of equal opportunities thal
benefit their wellbeing and provide them with an outlet. Aclivity such as therapeutic horticullure and
other Graft aclivilies to benefit their wellbeing. The older peoples programmes are supported by a
range of Small grants, levering in bespoke programmes responding lo identified need by older people
In the area.
Page 5

Kilcooley Women's Centre
Trustees Annual Report (incorporating the Directors, Report)
Year ended 31 March 2024
Outreach & Rural Programmes
Following independent research commissioned by KWC and Rural Development Partnership, a need
was established to support women, children and families across the rural community in Ards North
Down. Currently. KWC provides an outreach programme in the villages across the rural communities,
supporting older women and encouraging intergenerational engagement, good relations and peace
building. Partnership work continues lo grow with County Down Rural Ne￿Ork with whom we have
delivered several parinership projects. This wll be extended with prograrnmes to support mental
health for women, molhers and vulnerable groups.
International Engagement and Exchange of Good Practices
KWC continues lo maintain its links and collaboration with its European and International partners
which area a legacy lo the Erasmus+ programmes both as a lead and a project partner. The
organisation continues lo explore Turing Scheme opportunities, and lobbying the Dublin Government
to include adult education in their extended Northern Ireland pragramme.
Herilage Engagement Project
Kilcooley Women's Centre has developed and delivered a dynamic heritage programme 'East side
Lives, from the historic Old Market House siluated on Main Street Bangor. in collaboration with the
National Lottery Herilage Fund, Archileclural Heritage Fund, and olher key heritage stakeholders,
KWC has worked lo use heritage as a lool of regeneration on the high street. These initiatives aim to
enhance heritage engagemenl among disadvantaged groups by providing accessible, skills-based
learning opportunities. Programs include heritage training such as tour guiding, research skills
development, and site visils lo heritage r8sloration projects across Northern Ireland. Additionally, the
centr8 SUPPOrts the conservation of traditional crafts by f8cililating intergenerational workshops that
pass down valuable heritage skills. Storytelling sessions capture and preserve untold local histories,
focusing on the stories of the Old Market House and the lived experiences of community members
whose heritage narratives might otherwise be lost. ThroLJgh these efforts, Kllcooley Women's Centre
has created opportunities for a deeper understanding of local heritage while building community pride
and creating pathways for personal development.
Financial Review
Restricted reseNes are used for the purposes intended as per the conditions of funding for each fund.
KWC'S restricted reserves balance related to the liming differentia receipt of fundlng and expendlture.
Their reserves should balance at zero when programmes are completed.
Unreslricled reserves are used for items in keeping with the organisations charitable aims and
objectives. At Ihe end of the current year, the charlty shows an unrestricled reserve of £53,490.
Page 6

Kilcooley Women's Centre
Trustees Annual Report (incorporating the Directors. Report)
Year ended 31 March 2024
Future Strategy & Plans
KWC aims to
a) Deliver a dedicated single site Women's Centre for Ards North Down and strengthen the njral
services for women, children and families in the Borough.
b) Formally expand the services of KWC into a su￿regIOnal ne￿Ork for supporting women.
c) Develop the Ladybirds building through capital investment to provide additional support services for
children and families in the Borough
d) Enhance our heritage and cultural programmes to include social enterprise incubation. co working
space, in central Bangor
e) Maintain resillence within the organisatlon as we support clients impacted by the cost of living
crisis. ensuring we are front and central in the recovery intervention programmes
f) Lobby against the impact of Brexit and the inslability of the Nl Executive and its impact on women,
children and families, particu18rly in relation to the losss of European Social Fund and the ending of
the
Shared Prosperity Fund, which supported Economically Inactive women re-enler the workplace
g) Progress the digitalisalion project to improve access to KWC programmes via online platforms
developing the bespoke platform Women's Virtual College to continu8 Vlrtualldigitallblended learning
approaches and further digitalisalion of financial operations
h) Develop soclal economy Inltlatlves lo help sustain the organlsation, maklng il less reliant on grant
income.
i) Enhance the site and offer new Earfy Years spaces at 1 Kilcooley Square
l) Grow the partnership with Bangor Chamber of Commerce, to enhance our links with the business
sector.
k) Work with central Governmenl on Ihe legacy programmes (Shared Prosperity and Levelling Up)
which replaced the EU grant programmes such as ESF and Erasmus+ 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 programme
l) Enhance the rural engagement programme incorporating the Virtual College Nl hub concept.
Funds Held on Behalf of Others
KWC does not hold funds on behalf of others.
Page 7

Kilcooley Women's Centre
Trustees Annual Report (incorporating the Directors. Reportl
Year ended 31 March 2024
Reserves Policy
Kilcooley Women's Centre reserves policy aims to cover a minimum of three months costs in order to
meet unexpected demands. a delay in receiving funding and to give breathing space should there be
an unfavourable change lo government policy.
Regular budgetary control allows us to monitor our financial well being on a monthly basis. Reserves
are restricted to ensure we can also meet any redundancy liability for employed staff who complete
fixed term Contracts.
Statement of trustees. responslblllties
The trustees (who are also the directors of Kilcooley Women's Centre for the purposes of company
lawl 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
Accounllng Practlce), Including FRS 102 "The Financial Reporting Standard applicable In the UK and
Republic of Ireland"
Company law requires the Iruslees to prepare financial slalements for each financial period. Under
company law the trust88s must not approve the financial ststemenls unless Ihey are 5alisfled Ihat
Ihey give a true and fair view of the state of affairs of the charitable company and of Ihe incoming
resources and application of resources, including ils income and expenditure, of the charitable
company for that period. In preparing these financial statements, the trustees are required to..
select suitable accounting policies and apply them consistently.,
observe the methods and principles in the Charities SORP.,
make judgements and estimates that ar8 reasonable and prudent.,
stale whether applicable accounting standards, comprising FRS 102 have been followed, subjecl
to any material departures disclosed and explained in the financial statements., and
prepare the financial statements on the going concern basis unless it is inappropriale to presume
that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records thal can dlsclose with reasonable
accuracy al any time the financlal position of the charitab18 company and enable Ihem lo ensure that
the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding Ihe assets of the charitable company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
The trustees 8r8 responsible for the maintenance and integrity of the corporate and financial
information included on the charitable companls website. Legislation governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.
Disclosure of information to audltor
Each trustee has taken sleps that they ought to have taken as a trustee in order to make themselves
aware of any relevant audit information and to establish thal Ihe charity's auditor is aware of that
information. The trustees confirm that there is no relevant Information that they know of and of which
they know the auditor is unaware.
Page 8

Kilcooley Women's Centre
Trustees Annual Report (incorporating the Directors. Report)
Year ended 31 March 2024
Reappointmenl of auditor
The auditors RBCA Ltd are deemed to be reappointed under section 487(2) of the Companies Act
2006.
Small companies provlslon statement
This report has been prepared in accordance with the small companies regime under the Companies
Act 2006.
The annual report was approved by the Irustees of the charity on
behalf by=
20 Dec 2024
and signed on ils
so
Shona Lynn Kelly
Trustee
Margaret Weir
Trustee
Page 9

Kilcooley Women's Centre
Independent Auditor's Report to the Members of Kilcooley Women's Centre
Year ended 31 March 2024
Opinion
We have audited the financial statements of Kilcooley Women's Centre (the 'charity'J for the year
ended 31 March 2024, which cofflprise the Statement of Financial Activities. Statement of Financial
Position, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of
significanl accounting policies. The financial reporting framework that has been applied in their
preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The
Financial Reporting Standard applicable ir) the UK and Republic of Ireland. and applicable law {United
Kingdom Generally Accepted Accounting Practice).
In our opinion the financlal statements..
give a true and fair view of the slale of the charity's affairs as at 31 March 2024 and of its incoming
resources and application of resources, Including its income and expenditure, for the period then
ended;
have been properly prepared in accordan￿ with United Kingdom Generally Accepled Accounting
Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit In accordance with Intern81Sonal Standards on Auditing (UK) {ISAs {UK)} and
applicable law. Our responsibilities under those slandards are further described in the auditor
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 audll of the financial
stslements 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 audil 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 Ihal the trustees use of Ihe going concem
basis of accounting in the preparatlon of the financial slatem8nts is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or condilions 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 monlhs from when the original financial
statements were authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in the relevant sections of Ihis report.
Other information
The trustees are responsible for the other informalion. The other information comprises the
informatlon included in the annual report, other than the financial stslements and our auditor's report
thereon. Our opinion on the financial statements does not cover the olher information and, except to
the extenl otherwise explicitly stated in our report, we do not express any form of assuranGe
conclusion thereon.
Page 10

Kilcooley Women's Centre
Independent Auditor's Report to the Members of Kilcooley Women's Centre
Year ended 31 March 2024
In connection with our audit of the financial statements, our responsibilily 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 audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required lo determine whether there is a material misstatement in the financial statements or a
material misstatement of the other information. If, based on the work we have performed, we conclude
that there is a malerial misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audil..
the Information given in the for the financial period for whlch the financ181 statements are prepared
is consistent wilh the financial ststements; and
the has been prepared in accordance with applicable legal requirements.
Matters on whlch we are requlred to report by exceptlon
In the light of our knowledge and underslanding of the charity and ils environment oblained in the
course of the audit, we have not identified malerial misstatements in the
We have nothing lo report In respect of the following matters where the Companies Act 2006 requires
us to report to you if. in our opinion:
adequate accounting records have nol been kept. or returns adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement with the accountlng records and returns: or
certain disclosures of trustees remuneration specified by law are not made- or
we have not received all the infomiation and explanations we require for our audit.
Responsibilitie3 Qf trustees
As explained more fully in the Statement of Irustees, responsibilities (set out on page 8}, the trustees
are responsible for Ihe 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 lo fraud or
error.
In preparing the financial statements, Ihe trustees are responsible for assessing the charity's ability to
continue as a going concem, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounling unless the Irustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative bul to do so.
Auditor 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 lo fraud or error, and to issue an auditor's report
that includes our opinion. Reasonable assurance is a high level of assurance, bul is nol 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 us8rs
taken on the basis of these financial statements.
Page 11

Kilcooley Women's Centre
Independent Auditor's Report to the Members of Kilcooley Women's Centre
Year ended 31 March 2024
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed
below:
We identified areas of laws and regulations Ihat could reasonably be expected to have a material
effect on the financial statements from our sector experience through discussion with the Trustees
and other management {as required by auditing standards).
We had regard to laws and regulations in areas that directly affect Ihe financial statements
including financial reporting {including related trade union legislation) and taxation legislation. We
considered that extent of compliance with those laws and regulations as part of our procedures on
the relaled financial statement items.
With the exception of any known or possible non-compllance, and as required by auditing
standards, our work in respect of these was limited to enquiry of the Trustees.
We communicated applicable laws and regulations throughout our audit team and remained alert
to any indications of non-compliance throughout the audit.
We addressed the risk of fraud through management override of conlrols, by lesting the
appropriateness of journal enlries, and other adjustments; assessing whether Ihe judgements
made in making accounting esllmates are indicative of a potential basis. and evaluating the
business rationale of any signilicant transactions that are unusual or outside the normal course of
business.
Our audit procedures were designed to respond to risks of material misstatement in the financial
statemenls, recognising that th8 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
by, for example. forgery, misrepresentations or through collusion. There are inherent limitations in
the audit procedures performed and Ihe further removed non-compliance with laws and regulations
is from the events and transactlons reflected in the financial statements, the less likely we are to
become aware of it.
A further description of our responsibilities is available on the Financial Reporting Council's website
at.. W4VW.frc.org.ukl8udilorsresponsibililies. This description forms part of our auditor's report.
Page 12

Kilcooley Women's Centre
Independent Auditor's Report to the Members of Kilcooley Women's Centre
Year ended 31 March 2024
Use of our report
This report is made solely to the charitsble company's trustees, 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 slate to the charity's trustees those matters we are required to slate to them in an auditor's
report and for no other purpose. To the fullest exlent permitted by law, we do not accept or assume
responsibility to anyone other than the charitable company and its truslees as a body. for our audit
work, for this report, or for the opinions we have formed.
S4.-
Brian Stewart jsenior Statutory Auditor)
For and on behalf of RBCA Ltd,
Linenhall Exchange
26 Linenhall Streèt
Belfast
BT2 8BG
20 Dec 2024
Page 13

Kilcooley Women's Centre
Statement of Financial Activities
(Including Income and Expenditure Account ) Year ended 31 March 2024
Unrestricted
funds
General
Restricted
funds
Total
2024
Total
2023
Note
Income and Endowments from:
Donations and lagacies
Other trading activities
40,210
30,126
693.902
734,112
30,126
880,166
45.851
Total Income
70,336
693,902
764,238
926,017
Expenditure on:
Charitable activities
67,214
733.265
800.479
988.495
Total Expenditure
Net incomel(expenditure)
Net movem8nt In funds
67,214
733,265
800,479
988,495
3.122
39,363
36,241
62,478
3,122
(39,3631
{36,2411
(62,4781
Reconciliation of funds
Total funds brought foNard
Total funds carried foNard 18
50,368
674,472
724,840
787,318
53.490
635,109
688,599
724,840
The statement of financial activities includes all gains and losses recognised in the year.
The funds breakdown for 2023 is shown in note 18.
The noles on pages 17 to 26 form an integral part of these financial statements.
Page 14

Kllcooley Women's Centre
Registration number: N1625060
Statement of Financial Position as at 31 March 2024
2024
2023
Note
Fixed assets
Intangible assets
Tangible assets
12
13
3,744
796,849
12,120
530,959
543,079
800,593
Current asset8
Debtors
Cash at bank and in hand
14
73,168
81,895
155,063
78,245
365,364
441,609
Credltors: Amounts falllng due wlthln one year
15
25,521
18,312
Net current assets
129,542
423,297
Total assets less current liabilities
930,135
966,376
Credllor8: Amounts falllng due after more than one yaar 16
241,536
241,536
Net assets
688,599
724,840
Funds of Ihe charity:
Restricted funds
Unrestricted funds
635.109
53,490
674,472
50,368
Total funds
18
688,599
724,840
These financial slalemenls have been prepared in accordance with the provlslons applicable to
companies subject lo the small companies, regime.
The financial stalements on pages 14 to 26 were approved by the Iruslees. and authorised for issue
on 2Qnac.202A.. and signed on their behalf by..
so
44
Shona Lynn Kelly
Twstee
Margaret Weir
Twstee
The notes on pages 17 to 26 form an integral part of these financial statements.
Page 15

Kilcooley Women's Centre
Statement of Cash Flows for the year ended 31 March 2024
2024
2023
Note
Cash flows from op8rallng actlvltles
Net cash expenditure
{36,241)
(62,478)
Adjustmenls to cash flows from non.cash Items
Depreciation of tangible assets
Amortisation of inlangible assets
Interest payable and similar charges
Accrued income
23,363
8,376
10,077
6,546
19,513
11,880
10,452
(75,381
(96,014)
12,121
Changes in:
Trade and other debtors
Trade and other creditors
Interest Paid
14
15
3,077
663
10,077
17,909
435
10,452
Net cash flows from operating activities
5.784
(88,1221
Cash flows from investing actlvltles
Acquisitions of tangible assets
{289,253)
(104,816)
Cash flows from financing activities
Proceeds from new bank borrowings during the period
Nel decrease in cash and cash equivalents
Cash and cash equivalents al beginning of year
Cash and cash equivalents at end of year
{283,469)
365,364
{192,945)
558.309
81,895
365,364
The notes on pages 17 to 26 form an integral part of these financial statements.
Page 16

Kilcooley Women's Centre
Notes to the Financial Statements for the year ended 31 March 2024
1 Charity status
The charity is a publlc benefit entity and a private company limited by guarantee. 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.
2 Accountlng pollcles
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities.. Slalement of Recommended Practice (applicable to charities preparing their accounts in
accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS
1021) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair value
through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency Of the entity.
Going concern
There are no material uncertainlies about the charitys ability to continue
Judgemenls and key sources of estlmation uncertainty
The preparation of the financial statements requires management to make judgements, esllmates and
assumptions that affect the amounts reported. These estimates and judgements are continually
reviewed and are based on experience and other factors. including expectations of future events that
are believed to be reasonable under the circumstances
Foreign Currencles
Foreign currency transactions are initially recorded in the functional currency, by applying the spot
exchange rate as at the date of the Iransaction. Monetary assets and liabilities denominated in foreign
currencies are translaled at the exchange rate ruling at the reporling date, with any gains or losses
being taken to the slalement of financial activities.
Page 17

Kilcooley Women's Centre
Notes to the Financial Statements for the year ended 31 March 2024
Fund accounting
Unrestricted funds are available for Ltse at the discretion of the trustees to further any of Ihe charitsls
purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commilment.
RestriGted funds are subjected to restrictions on their expenditure declared by the donor or through
the terms of an appeal, and fall into one of two sub4lasses.' re51ricted income funds or endowment
funds
Incomlng resources
All incoming resources are included in the statement of financial activitles when entitlement has
passed to the Charity,. it is probab18 that th8 economic beneflts associated with the transaction will flow
to the charity and the amount can be reliably measured. The following specific policies are applied to
particular categories of income:
• income from donations or grants is recognised when there is evidence of entitlement to the gift,
receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donaled goods is measured at the fair value of the goods unless this is impractical to
measure reliably, in which case Ihe value is derived from the cost to the donor or the esllmaled resale
value. Donated facilities and services are recognised in the accounts when received if the value can
be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted
service. This is classified as unreslricted funds unless there is a contractual requirement for il lo be
spent on a particular purpose and returned if unspent, in which case it may b8 regarded as restricted.
Page 18

Kilcooley Women's Centre
Notes to the Financial Statements for the year ended 31 March 2024
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
activities to which it relates.
expendilure on raising funds includes the costs of all fundraising activities, events, non- Gharitable
trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by 2 charity in undertaking activities
that further its charitable aims for the benefit of its beneficiaries, including those support costs and
costs relating to the governance of the charity apportioned to charilable activities.
other expendlture includes all expenditure that is neither related lo ralslng funds for the charity
nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflectlng the use of the resource, Direct cosls
attributable lo a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Intangible assels
Inlangible assets are initially recorded at cost, and are subsequently stated at cost less any
accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts,
are recorded at the fair value at the dale of revaluallon, as delermlned by reference to an active
market, less any subsequent accumulated amortisation and subsequent accumulated Impairment
losses.
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. Ihe expected future
economic benefits are probable and the cost or value can be measured reliably.
Amortisatlon
Amortisation is calculated so as to write off the cost of an asset. less its estimated residual value,'over
the useful life of that asset 8s follows..
Asset
Website amortisation
Amortlsation method and rate
250/9 Straight line method
If Ihere is an indication that there has been a significant change in amortisation rate, useful life or
residual valu8 of an intangible asset, th8 amortisation is r8vised prospectively to r8flect the new
estimates.
Page 19

Kilcooley Women's Centre
Notes to the Financlal Statements for the year ended 31 March 2024
Tangible fixed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated
depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded al
the fair value at the dale of revaluation less any subsequent accumulated depreciation and
subseqvenl accumulated impairmenl losses.
An increase in the carrying amount of an assel as a result of a revaluation, is recognised in olher
recognised gains and losses, unless it reverses a charge for impairment Ihal has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrw'ng
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which il offsels any Previous ievaluation gain, in which case the loss is shown within other
recognised gains and losses on the statement of financial activities.
Depreciation
Oeprecialion is calculated so as to write off the cost or valuation of an asset, less its residual value,
over the useful economic life of that asset as follows..
Equipment - Office Equipment
Asset
Building
Office equlpmenls
Depreciation method and rate
20/0 Straight line
200/9 reduclng balance method
Impaimient of fixed assets
A review for indicators of impairment is carried out at each reporting dale, wlth the recoverable
8mounl being estimated where such indicators exlsl. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of Impairmenl lesting, when it Is not possible lo estimate th8 recov8rable amount of
an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to
which the asset belongs. The cash-generaling unil is the smallest identifiable group of assets that
includes the asset and generates cash inflows that largely independent of the cash inflows from other
assets or groups of a55ets.
For irnpairment testing of goodwill, Ihe goodwill acquired in a business combination is. from the
acouisilion dale, allocated lo each of the cash-generaling unils that are expecled lo benefil from the
synergies of the combination, irrespective of whether other assets or liabililies of the charity are
assigned lo those unils.
Page 20

Kilcooley Women's Centre
Notes to the Financial Statements for the year ended 31 March 2024
Defined conlribution plans
Contributions to defined contribution plans are recognised as an expense In the 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 reduction in future payments or a cash refund.
When conlributions are not expected to be settled wholly within 12 months 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 which
it arises.
Restricted Income funds are those donated for use in a partlcular area or for specific purposes. the
use of which is restricted to that area or purpose.
3 Llmlted by guarantee
The company is limited by guar8nlee and has no aulhorised or issued share capital. The company
has charitable status accepted by the Chariiy Commission for Northern Ireland under reference
NIC101001
4 Donatlons and legacles
Unrestricted
funds
General
Restricted
funds
Total
2024
CRF Levelllng Up
DFC
Erasmus
PHA
DFA Rec fund
Other Government Grants
Donations
156,000
100,258
48,267
62,746
25,000
258,190
43,441
693,902
156,000
100,258
53,567
62,746
25,000
293,100
43,441
734,112
5,300
34,910
40,210
Unrestrlctad
funds
General
Restricted
funds
Total
2023
CRF Levelling Up
DFE
DFC
Erasmus
PHA
DFA Rec fund
Other Government Grants
Donations
159,894
148,748
103,881
213,950
51,013
26,055
97,323
45,969
159,894
148,748
103,881
213.950
51,013
26,055
130,656
45,969
33,333
33,333
846,833
880,166
Page 21

Kilcooley Women's Centre
Notes to the Financial Statements for the year ended 31 March 2024
5 Income from other trading activities
Unreslricted
funds
General
Total
funds
Total
2023
Childcare
30.126
30,126
30.126
45.851
30,126
45,851
6 Expenditure on charitable activities
Unrestrl¢ted
funds
General
Restricted
funds
Total
2024
Charitable activities
Support costs
67.214
714,338
18,927
781,552
18,927
67,214
733,265
800,479
Unrestrlcted
funds
General
Restricted
funds
Tolal
2023
Charitable activities
Support costs
78,362
892,323
17,810
970,685
17,810
988,495
78,362
910,133
Activity
undertaken
directly
Actlvlty
support
costs
2024
2023
Charitable activity
Governance costs
781.552
781.552
18,927
970,685
17,810
18,927
781,552
18,927
800,479
988.495
7 Net (expenditurellincome
Net (expenditure)lincome is stated after charging l{crediting):
2024
2023
Amortisation of intangible assets
Depreciation of tangible fixed assets
8,376
23,363
31,739
11,880
19,513
31,393
Page 22

Kilcooley Women's Centre
Notes to the Financial Statements for the ypar ended 31 March 2024
9 Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
Wages and salaries
Employer contribution to pension plans
415,618
12,858
428,476
431,779
20,040
451.819
The average head count of employ8es during the year was 14 {2023'. 20)
No employee received emoluments of more than £60,000 during the period. <2023.. Nil)
10 Trustees remuneratlon and exponses
No trustees have received remuneration in the year.
11 Audltors, remuneratlon
2,024
2,023
Fees payable for the audit of the financial statements
3,840
3,600
12 Intangible fixed assets
Other
intanglble
asset
Cost
At Aprll 2023
47,520
At 31 March 2024
47,520
Amortisation
At 1 April 2023
Charge for the year
At 31 March 2024
35,400
8.376
43,776
Net book value
At 31 March 2024
3,744
At 31 March 2023
12,120
Page 23

Kilcooley Women's Centre
Notes to the Financial Statements for the year ended 31 March 2024
13 Tanglble flxed assets
Land and
buildings
Furnlture and
equipment
Total
Cost
At 1 April 2023
Additions
452,908
270.710
189,749
18,543
642,657
289,253
At 31 March 2024
723,618
208,292
931,910
Depreclatlon
At 1 April 2023
Charge for the year
111.698
19,319
111.698
23,363
4,044
At 31 March 2024
4,044
131,017
135,061
Net book value
At 31 March 2024
719,574
77,275
796,849
At 31 March 2023
452,908
78,051
530,959
14 Debtors
2024
2023
Trade debtors
Other debtors
60.513
12,655
63.107
13,138
73,168
76.245
15 Croditors: amounts falllng due wlthln one year
2024
2023
Bank loans and overdrafts
Other taxation and social security
Accruals and deferred income
10,000
4,490
11,031
10,000
3,826
4.486
25,521
18,312
16 Credllors: amounts falllng due after one year
2024
2023
Bank loans
241,536
241,536
The loan included in notes 16 and 1.7 above has been secured from the Archit8Ctural Herilage Fund,
by way of a charge over land and premises at 77 Main street, Bangor
Page 24

Kilcooley Women's Centre
Notes to the Financial Statements for the year ended 31 March 2024
17 Pension and other schemes
Defined contribulion pension scheme
The amount recogniseé in income or expenditure as an expense in relalion to defined contribution
plan was 12,858 (2023: 20.040)
18 Funds
Balance at 1
April 2023
Incoming
resources
Resources
expended
Balance at 31
March 2024
Unrestricted funds
General
50,368
70,336
(67,214)
733,265
53,490
Restricted funds
674,472
693.902
635,109
Total funds
724,840
764,238
800.479
688,599
Balance at 1
April 2022
Incoming
resources
Resources
expended
Balance at 31
March 2023
Unrestrlcted funds
General
49,546
79.184
(78,362)
910,133
50,368
Restricted funds
737.772
846,833
674,472
Total funds
787,318
926,017
988,495
724.840
Page 25

Kilcooley Women's Centre
Notes to the Financial Statements for the year ended 31 March 2024
19 Analysls of nel assets between funds
Unrestrlcted
funds
Other
Total funds
at 31 March
2024
Restricted
funds
Intangible fixed assets
Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets
3,744
796,849
97,529
(25,521)
241,536
3,744
796,849
155,063
(25,5211
241,536
57,534
57,534
631,065
688,599
Unrastricted
funds
Designated
Total funds
at 31 March
2023
Restricted
funds
Intangible fixed assets
Tangible fixed assets
Current assels
Current liabilities
Credllors over 1 year
12,120
530,959
391,241
(18,312)
241,536
12,120
530,959
441,609
(18,3121
241,536
50,368
Total net assets
50,368
674,472
724,840
20 Analysls of net funds
Al 1 Aprll
2023
At 31 March
2024
Net cash flow
Cash al bank and in hand
Debl due within one year
Debt due after more than one year
365,364
{10,000)
241,543)
1283,4691
81,895
(10,0001
(241,543
169,648
Nel debt
283,469
Page 26