Company registration number: N1625060 Charity registration number: NICIOIOOI KILCOOLEY WOMEN'S CENTRE TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 *AEHTqWXN• 2011212025 COMPANIES HOUSE A12
Kilcooley Women's Centre Contents Page Trustees, Report Independent Audltor's Report 8-10 statement of Flnanclal ActivStles (includlng Encome and Expendlture Account) li Comparative Statement of Finano'al Actlvbties lincludlng Income and Expenditure Account) 12 Balance Sheet 13 Cash Flow Statement 14 Notes to the Cash Flow Statement 15 Notes to the Financlal Statements 16-20
Kilcooley Women's Centre Company No. N1625060 Trustees, Report For The Year Ended 31 March 2025 The trustees present their report and the financial ststements for the year ended 31 March 2025. Objectlves and Actlvities Aims and Objectives The objectlves of KWC are lo promote any charitable purpose for the benefit of women, children and famllie5 resident in the Ards North Down reglon to Improve the condltlons of thelr Ilves, In partlcular to l. Advance education and training through the delivery of programmes, courses, initiatives, mentoring and guidance in order to Enhance transferable ski115 and educatlonal attainment Foster personal development, confidence ané capacities Prepare participants for training and employment opportunities 2. To provide, maintain and develop a community and resource centre for women 3. To promote health and wellbeing amongst women by providing a confidential atmosphere where womefi can receive support, advice and guldance and be signposted. 4, Promote peace and recono'liatlon, communlty engagement and coheslon, capodty for leadershlp and equalSty ènd dlverslty. 5. Provide family support seNices to children of school age 6. Enhance the development and education of young chlldren and enable thelr mothers or carers to partlclpate in education or trainlng or other actlvities by offering appropriate childcare or day-care facllltles. 7. Provide faclllties In the Interests of social welfare for recreatlon and other lelsure tlme occupatlons Includlng the arts, wlth the object of Improving the condltlons of Ilfe for local resldents. 8. Advance community developrnent by provSdlng help. Support and facllltles to community and voluntary groups based In Ards North Down and the South Eastern reglon. 9. To provlde, facilitate and oryanlse co-operatlon and partldpatlon between community and voluntary organlsations, publlc and statutory agencSes based in the Ards North Down reglon. Publlc Benéflt The public benefit for Kilcooley Women'5 Centre are for the purpose5 of benefitlng wom¢n and children resident in the North Down and Ards area are'.- l. Enhanced educatlonal attainment, transferable skills,. capabilltles ènd capacities of women and Improved potential to secure employment. 2, Improved physical, Intellectual and soclal development of pre- and sthool-age chlldren, early IdentifScatSon and support of children with special or additlonal needs. The beneficlaries are women and their children living in the area of beneffit. These benefSts can be evidenced through internal records kept of the progress and qualifications achieved by the participants, evaluatlon5 of the work and impact of the Centre, feedback from beneficiaries and inspections undertaken by social services. 3. A reductlon In stress and isolation, general Improvements in health and well-being and greater knowledge of health services and support available. The beneficiaries are women Ilving in the area of benefit. These beneflts can be evidenced through intemal monitoring records and evaluations of the work ènd impact of the Centre. 4. Increased efficiency and effectiveness of the community and voluntary organisations that receive sUPPOrt, resulting In enhanced outcomes and servlce delivery and, con5equèntlyi an irnproved Quality of lile for those who benefit from the work of these organisations. The beneficiaries are community and voluntary sector organbsatlons. These beneflts can be evidenced through internal monitoring records and feedback and evaluatlons. No harm or prlvate beneflt arlses from these purposes No harm arlses from these purposes. Incldental benefit may arlse from transferable skllls trainlng offered to Board members to fulfil their duties. Page I
Kilcooley Women's Centre Trustees. Report (continued) For The Year Ended 31 March 2025 What the organisation does KWC provloes a communlty resource for women, and advances education and trainbng through the dellvery of programmes, courses and initiatives, mentoring and guidance. It builds personal development. confidence and capacities and to prepare participants for training and employment opportunities. The Women's Centre promotes health and wellbeing for women, glvlng 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 0VertY, disadvantage and reducing health inequalities, and providing programmes which contnbute to enéing violence against women and girls such as the Domestic Violence One Stop Shop, particlpation in the arts and heritage sectors, breaking down barriers to engagement. Through its family friendly programmes, the centre provides eady Inteention and family support, educatlon of young children through childcare and daycare, provides lacilities to improve soclal welfare, lelsure, community development, forging partnerships with stakeholder agencies. Support to tackle poverty inclLJdes the delivery of the Bangor Social Supermarket, based at l Kilcooley Square, 6angor and arts culture and heritage at the Old Market House at 77 Maln Street in Bangor city centre. Achlevements and Performance Maln Achlevements Education & Trainlng Department for Communitios Throughout the year, the organlsatlon has been sUPPQrted through Department lor Communltles Nelghbourhood Renewal programme. KWC dellvers the flagship programrne tackling poverty and deprlvatlon, enhanclng educatlonal achievement through a comprehenslve training and skills enhancement pro9ramme for Kllcooley, helping overcome educational underachievement and help overcome those long term unemployed or economically inattive residents re-enter the labour rnarket. Thls provldes the core elements for employability of Maths, En9llsh and Icr and key transferrable skllls for employment. KWC is a registered accreditation centre wlth the maln UK awarding bodles Includln9 CCEA, AQA, OCR, OCN and TQUK. Employabillty KWC delivered a comprehensive employablllty programme whlch encompassed ereatlon of dynamic Cvs for cllents, Job interview preparation, mock interviews, InteieW technique skills, assisting completion of application forms and participating in departmental Job Fairs for employers. The employability team work closely with local employers to determlne ski115 gap in the local job markets, ané to optlmi5e opportunities for 'meet the employer, events. KWC is working to bulld relatlonships withln the bu55ness community vla Sts links wlth Bongor Chamber of Commerce to provlde placements. Job taster sesslons and work experience wlth local business. Health & Wellbeing Worklng in partnershlp wlth the Publlc Health Agency and the South Eastern Healthcare Trust, KWC delivered a varle¢J health and wellbelng and health promotlon programme and chalrs the Kllcooley Health Improvement Partnershlp (HIP) which brings together cross sectoral organlsatlons to tackle health Inequalltles In the area. The group works collectlvely lo support the most vulnerable with the cost of livlng crisis including provision through the 8angor Soclal Supermarket, managed by KWC, the Kllcooley Communlty Frldge and Its associated wrap around support programmes, which include nutritional advlce, physical activity, therapeutlc horticulture and arts and crafts for positlve mental health. They operate the community cafe 'Queen Bee, establlshed as a warm space in the Kilcooley area, where ltscal people can access a range of 5UPPOrt including food, health and wellbeing 5UPPOrt, debt advice and a listening ear for those experiencing mental healih challen9es. Classes run on each day of the week and appeal to wornen 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 acilvities provided those In rurally deprived and isolated locations to beneflt from wellbeing boosting and health information events. The centre works closely with the Rural Network linking women across the region to help them reach thelr full potential, en9age and collaborate to advance the voice of local women. Bangor Social Supermarket The 8an9or Social Supermarket project is supportlng over 50 families weekly wlth fresh and nutrlllous food and householdlpersonal hygiene items. It also hosts the Period Poverty project and has extended to include a 'Baby Bank, assisting wlth essential items for new families. The project is supported by Fareshare and Neighbourly, with a team of volunleers linking with key stakeholders in the area who distrlbute food surplus. Wrap around support and a Community Fridge provide essential items for those on a limited budget or experienclng financial hardship, debt and the cost of living crisis. The project links with the volunteers of the Queen Bee café and volunteers from Jobs and Benefits who use the engagement as opportunities to bvild confidence and 1Snks wlth the most vulnerable clients in the area, with one to one support advice and guidance weekly. Ards and North Down Borough Council provide grant ald and guidance on behalf of the Department for Communities in the delivery of this servsce. .CONTINUEO Page 2
Kilcooley Women's Centre Trustees, Report {continued) For The Year Ended 31 March 2025 Main Achievements- continued Early Years & Childcare KWC has been providing onslte chlldcare, parenting programmes and early intervention inltiatives for 30 years, to ensure carlng responsibilities are not a barrier to engagement on programrnes for women. Our Social Enterprise Daycare 'Ladybirds' offered registered full tsme daycare with South Eastern Heathcare 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 3-4. Refurbishment commenced on the unit l Kilcooley Square slte to ensure early years provision remains in the estate contlnues to be a challenge and we hope to offer sessional provision to fill gaps In provlslon in the area, where other services have ceased. Development of an Afterschools service in response to unmet need in the area has commenced, with the registration process Wlth South Eastern Trust underway. We continue to lobby for Improved services for the Early Years sector in the area including the Surestart programme, Mother and Tots programmes delivered by other agencles. Peace, Reconclllatlon & Good Relations Kilcooley Women's Centre represents the women's sector on the Ards North Oown Peace Plus Partnershlp io support the development of the local action plan. Good Relations small programmes were dellvered on behalf of Good Relation5 Unlt in Councll and the Executive Offi In Stormont. These prornoted posltlve relatlons at a local level between wornen In Ard5 North Oown, relnforclng the 1Snks we have established across the Borough between women from all communities and backgrounds Intluding newcomer cornmunities. Young Women & Girls The centre contlnues to provldes an Intenslve support programme for young women aged 16-25 who are at rlsk of not reachlng their full potential. Support Is glven to help prepare partlclpants for the workplace, through provision of tailored academic and vocatlonal training, employability preparation and coaching and mentoring. Childcare 15 provided as many of the young women are also young parents. Mentorlng, confidence building, goal setting and personal development plans provide a bespoke pathway for each particlpant who Join5 the programme. A Girls projert has been developed in partnershlp with local schools, to contrSbute to the Ending Vlolence Agalnst Women & Girls Strategy. Supporting Older People Kilcooley Women's Centre recognises the valuable contrlbutlon older people provide to the local community and utilise their skllls through our Intergenerational programmes. Support for older women Is glven In the weekly 'MoDday Club. whlch provides befriendlng. actlvltles, arts Jnd craft5, travel club, sUPPOrt, advice and gui(Fance whilst helping to tackle social Isolatlon and lonellne55. The Older Women's Group enjoy the particlpatlve Ilteracy 9roup the project has establlshed. The programmes for older people links with rural programmes, and our engagement with County Down Rural Network and our Peace and Reconciliation work, as many of the older participants are keen to engage on good relations and dlalogue activities. Additlonally we offer storytelling classes to a local dernentia nursing home where we support individuals living with memory problems to avail of equal opportunities that benefit their wellbeing and provide them wlth an outlet. Activity such as therapeutic horticulture and other craft actSvltles to benefil thelr wellbelng. The older peoples programmes are supported by a range of small grants, leverlng in bespoke programmes responding to identified need by older people in the area. Outreach & Rur•l Programmes Followlng independent research commbssioned by KWC and Rural Development Partnershlp, a need was establlshed to support women, children and famllles 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 to grow with County Down Rural Network with whom we have delivered several partnership projects. This will be extended wlth programmes to SUPPOrt mentsl health for women. mothers and vulnerable groups. International Engagement and Exchange of Good Practices KWC continues to maintain its links and collaboration with Its European and International partners which area a legacy to the Erasmus+ programmes both as a lead and a project partner. The organisation continue5 to explore Turlng Scheme opportunities, and lobbying the Dublln Government to Include adult educatlon in thelr extended Northern Ireland programme. The centre is a member of the Let Her In International network for advancing the voice and outcomes of women and CEFEC Social Enterprise Network exchan9lng good practices across Europe. Heritage Engagement Project Kilcooley Women's Centre dellvered a dynamic heritage programme 'Eastside Lives. from the historic Old Narket House situated on Main Street Bangor, in collaboration with the National Lottery Heritage Fund, Architectural Heritage Fund, and other key heritage stakeholders, KWC has worked to use heritage as a tool of regeneration on the high street. These initiatives aim to enhance heritage engagement among disadvalltaged groups by providing accessible, skills-baseii learning opportunities. Programs Include heritage training such as tour guiding, research skills development, and slte visits to heritage restoration projects across Northem Ireland. Additionally, the centre supports the conservation of traéitional crafts by facilitating intergenerational workshops that pass down valuable heritage skills. Storytelling sessions capture and preserve untold local histories, focusin9 on the stories ol the Old Market House and the lived experiences of community Members whose heritage narratives might otherwise be lost. Through these efforts, Kilcooley Women's Centre has created opportunities for a deeper understanding of local heritage while building community pride and creating pathways for personal development. Page 3
Kilcooley Women's Centre Trustees. Report (continued) For The Year Ended 31 March 2025 Financial Revlew Flnanclal Position Restricted reserves are used for the purposes intended as per the condltSons of funding for each fund. KWC'S restrlcted reserves balance related to the timing differentlal receipt of fundin9 and expenditure. There reserves should balance èt zero when programmes are completed. Unrestrlcted reserves are used for Stems In keeping with the organisatlons charitable alms and objectlves. At the end of Ihe current year. the charity shows a surplus of £74,239 (2024- deficlt £36,241 1 Reserves Policy Kilcooley Women'5 Centre reserves pollcy alms to cover a minimum of three months costs In order to meet unexpetted demands, a delay in recelving funding and to glve breathing spate should there be an unfavourable change to government policy. Regular bud9etary control allows us to monltor our financlal well belng on a monthly basis. Reserves are restrirted to ensure we can also meet any redundancy liabillty for employed staff who complete fixed term contracts. Structure, Governance and Management Structurei governance and management Kilcooley Women's Centre is governed by a Memorandum and Artlcle5 of Association and is a Company Llmlted by Guarantee with charitable stètus. KWC 15 registered with the Nl Charlty Commlssion. On appointment to the Board of Directors, the Trustee recelves Induction training to ensure they ore aware of the responsiblllty of thelr post. The roles and responsibilities of the 8oard of Directors are contained in the Board Indurtion Manual and detail the strategic level of thelr 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 Finante to promote good governance. Reference and Administratlve Detalls Trustees Ms Shona Kelly - Treasurer Ms Karin Gilkinson Ms Ashley Clarke (appointed 0911012024) Ms Karen Connor- Secretary Ms Margaret Weir - Chariperson Ms Allson Blayney - Chief Executive Charlty Number Nicioiooi Company Numbor N1625060 Reglstered Offlc• Unit 3a Enterprise House 2-4 Balloo Avenue Bangor 8T19 7QT Accountants RBCA Limited Chartered Accountants Linenhall Exchange 26 'nenhall Street Page 4
Kllcooley Women's Centre Trustees. Report (continued) For The Year Ended 31 March 2025 Belfast BT2 88G Auditors RBCA Limited Linenhall Exchange 26 Linenhall Street Belfast BT2 88G Bankers Allied Irlsh Bank INI) 11-15 Donegall Square North Belfast Solicitors Peter Dornan & Companv 14 Hamllton Road Bangor Page 5
Kilcooley Women's Centre Trustees. Report (continued) For The Year Ended 31 March 2025 Other Inforniation Funds Held as Custodian Trustee KWC does not hold funds on behalf of others Future Strategy & Plans KWC aims to l. Deliver a dedicated single slte Wamen's Centre for Ards North Down and strengthen the rural servlces for women. children and families in the Borough. 2. Formally exoand the services of KWC into a sub-regional network for supportbng women. 3. Develop the Ladyblrd5 building through capltal Investment to provide additional support 5ervlces for chlldren and rarni1Ses In the 8orough 4. Enhance our arts, heritage and cultural programmes to Include soclal enterprbse incubatlon. co working space, in central Bangor 5. Maintain resilience within the organisation as we support cllents impacted by the cost of lTrving crisls, ensuring we re front and central in the recovery Intervention programmes 6. Lobby against the Impact of Brexlt and the instabllity of the Nl Executive and its impact on women, chlldren and families, particularly In relation to the 105ss of European Social Fund and the endin9 of the Shared Prosperity Fund, which supported Economically Inactive wornen re-enter the workplace 7. Progress the digitalisation project to Improve access to KWC programmes vla online platforms developing the bespoke platform Women's Vlrtual College lo continue vlrtual/dlgltal/blended learnlng approaches and further digilalisalion of financial operations 8. Develop social economy Snitlatives to help sustain the organisation, making it le55 reliant on grant income, 9. Enhance the slte and offer new Eady Years spaces at l Kilcooley Square 10. Grow the partnershlp with Ban9or Chamber of Commerce, to enhance our links wlth the buslness sector. 11. Work wlth central Government on the legacy programmes {Shared Prosperlty and Levelllng Upl whlch replaced the EU grant programmes such as ESF and Era5mu5+ to ensure contSnulty of service for beneficiaries and lessen the impact of Brexit. Explore new potential in the Turing Scheme, the new UK international exchange pro9rnmme 12. Enhance the rural engagement programme incorporating the Virtual College NE hub concept. statement ol Trustees, Responslbllltles The trustees {who are also the direttors of Kllcooley Women's CenLre for the purposes of company law) are responsible for preparlng the Trustees. Report and the flnancial statements in accordance wlth applicable law and United Kingdom Accountin9 Standards (United Kin9dom Generally Accepted Accountlng Practlcel. Company law requlres the trustees to prepare Nnancial statements for each financial year. Under company law the trustees must not approve the financial statement unless they are satisffied that they glve a true and fair view of the state of affairs of the charitable company and of the incomin9 resources and application of resources. includlng the Income and expenditure, of the charitable company for that period. In preparlng the financial statements the trustees are required to.. select 5ultable accountlng pollcles and then apply them cons15tently; observe the methods and principles in the Charity SORP,. make Judgments and accounting estimates that are reasonable and prudent. and prepare the financial statements on the ooing concern basls unless It Is Inapproprlate to presume that the companv will continue in business. The trustees ore responsible for keeplng adequate accounting records which dlsclose with reasonable èccuracy at anytime the financial position of the charitable company and to enable thern to ensure that the accounts comply with the Companies Act 2006, They are also responslble for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularitles. The trustees ore responsible for the maintenance and integrity of the corporate and flnancial information included on the charStable company's website. Legislation in the United Kingdom governing the preparatlon and dissemlnation of financial statement5 may differ from legislation In other jurisdictions. statement of Disclosure of Information to Auditors Each of the persons who are tru5lees at the tSme when this trustees, report is approved has confirmed that; so far as the tnJstee is aware, there is no relevant audit information of which the charitable company's auditors are unaware. and they have taken all the steps that they ought to have taken as trustees In order to make themselves aware of any relevant audit information and to establish that the charitable company's auditors are aware of that information. Page 6
Kilcooley Women's Centre Trustees. Report (continued) For The Year Ended 31 March 2025 Small Company Rules This report ha5 been prepared in accordance with the special provisions relatin9 to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The trustees, report was approved by the board of trustees and signed on its behalf by.. Ms Shana Kellv Ms Margaret Welr Trustee Date Trustee Page 7
Independent Auditor's Report to the Members of Kilcooley Women's Centre Opinion We have audbied the financial 5tatemen15 of KSlcooley Women'5 Centre (the "charity") for the year ended 31 March 2025 which comprise the Statement of Financial Actlvltles {Includlng Income and Expenditure Account), Balance Sheet, Cash Flow Statement and the related notes, including a summary of signifficant accounting policies. The financial reporting framework that has been applied in their preparation 15 applicable law and Uniteij Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). including FRS 102 'The Financial Reporting Standard applicable in the UK and Republlc of Ireland" In our opinion the financbal ststements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and applbcatlon of resources, for the year then ended; have been properly prepared in accordance with United Kinodom Generally Accepted Accountlng PractSce; and have been prepared in accordance with the requlrements of the Companles Act 2006. Basls for Oplnlon We conducted our audSt in accordance wlth International Standard5 on Audltlng (UK) {ISAs {UKI) and applicable law. Our responsibilitie5 under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of ovr report. We are independent of the charitable tompany in accordance Wbth the ethical requirements that are relevant to OLrr audlt of the flnancial statements in the UK, including the FRC'S Ethlcal Standard, and Ihe provlslons available for small enlities, In the circvmstènces set out In note 17 to the financlal statements, and we have fulfilled our other ethical responsibilitles In accordance with these requirements. We believe that the audit evidence we have obtalned Is sufficient and appropriate to provide a basis for our opinion. Concluglon5 Relatlng to fjolng Concern In auditing the financial statements, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements Ss appropriate. Based on the work we have performed, we have not identSfied any material uncertalntles relatlng to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to contlnue as a golng concern for a period of at least 12 months from when the flnancial statements are authorised for issue. Our responsibilitSes and the respon5ibllities of the trustees with respect to golng concern are descrlbed in the relevant sections of this report. Other Inforniation The other Informatlon comprlses the Informatlon Included In the annual report, other than the flnanclal statements and our audltor's report thereon. The trustees are responsible for the other Informatlon contalned wlthln the annual report. Our opinlon on the financial statements does not cover the other Information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responslbllity is to read the other Informaiion and, In doing so, consider whether the other Snformatlon Ss materlally inconsSstent wlth the flnancSal statements or our knowledge obtalned In the audlt or otherwlse appears to be materially misstated. If we Identify such materlal Inconslstencles or apparent material misstatement5, we are required to determine whether this gives rise to a material mlsstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are requlred to report that fact, We have nothing to report Sn this regard. Opinions on Othtr Matters Prescribed by the Companles Act 2006 In our opinion, based on the work undertaken In the course of the audit.. the information given in the Trustees, Report, whlch includes the Director's Report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; an the Director's Report included withln the Trustees, Report have been prepared In accordance wlth appllcable legal requirements. Page 8
Independent Auditor's Report {continued) to the Members of Kilcooley Women's Centre Matters on Which We Are Required to Report by Exceptlon In the Ilght of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identifled materlal mlsststements In the DirectoVs Report included within the Trustees, Report. We have nothing to report In respect of the following matters in relation to which the Companies Act 2006 requires u5 to report to you If, In our opinion.. adequate accounting records have not 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 accounting records or returns; or • certain disclosure5 of tru5tee5' rernuneration Specified by law are not made,. or • we have not recelved all the information and explanations we requlre for our audit,. or the trustees were not entitled to prepare the financial statements In accordance with the small companies regime and take advantage of the small companie5, exemption5 in preparing the Trustees, Report and from the requirement to prepare a Strategic Report. Responslbllltles of Trustees As explained more fully in the Tru5tees' Responsibilities Statement set out on page 1-7, the trustees {who are also directors of the charltable company for the purposes of company law) are responsible for the preparation of the financial staternents and for belng Sotisfied that they give a trtse and falr vlew, and for such interrial Control as the trustees determine is necessary to enable the preparation of financial Statements that are free from materlal misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assesslng the charltable company's ability to continue as a going concern, discloslng, as applicable, matters related to going concern and uslng the going concern basis of accounting unless the trustee5 either intend to liquiddte the charlty or to cease operations, or have no realistic alternative but to do sa. Audltor's Responslbllltles for the Audlt of the Flnanclal Statements Our obJectlves are to obtaln reasonable assurance about whether the financlal statements as a whole are free from material misstatement, whether due to fraud or error, and to Issue an audltor's report that includes our opinion, Reasonable assurance s a hlgh level of assurance, but is not a guarantee that an audlt conducted In accordance wlth ISA5 (UK} will always detect a materlal mlsstatement when It exists, Mlsstatements can arlse from fraud or error and are considered material if, Individually or in the aggregate, they could reasonably be expected to influence the economlc declslons of users taken on the basls of these financial statements. The extent to which our procedures ère capable of detecting Irregularities, including fraud Is detailed below: We Identlfled areas of laws and regulatlons that could reasonably be expected to have a materlal effect on the flnanclal statements from our sèctor experience through discussion wlth the Oirectors and other manègement (as requlred by audltbng standards). We had regard to laws and regulations in areas that directly affect the financial statements including financial reporting and taxation legislatlon. We considered thot extent of compliance wlth those laws Jnd regulations as part of our procedures on the related financial statemenl Items, With the exceptlon of any known or possible non-complS8nce, and as requiretj by auditing standards, our work In respect of these was limited to enquiry of the Directors. We communicated applicable law5 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 controls, by testing the appropriateness of journal entries, and other adjustments,. a55essing whether the judgements made in making accounting estimates are indicative of a potential basis,. and evaluatlng the business rationale of any significènt transactlons that are unusual or outsbde the normal course of buslness. Our audit procedures were designed to respond to rlsks of mètedal mlsstatement in the flnancial statements, recognising that the risk of not detecting a material mlsstatement 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, MISpreSentatIOnS or through collusion. There are inherent limitations in the auijit procedures performed and the further removed non- compliance with laws an4 regulations is Irom the events ènd transactlons reflected In the Ilnanclal statements, the less likely we are to become aware of it. A further description of our responslbllltles for the audlt of the flnanclal statements is located on the Flnancial Reportlng CouncS1's website www.frc.or9.uk/audltorsresponslblllties. Thls descrlption forms part of our audltor's report. Page 9
Independent Auditor's Report (continued) to the Members of Kilcooley Women's Centre Use Of Our Report This report is made solely to the charitable company'5 rnembers, as a body, In accordance wlth Chapter 3 of Part 16 of the Companles Act 2006. Our audlt work has been undertaken so that we might state to the charltable company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume responsibility to anyone other than the charitable company ano the charitable company's members as a bodyi for our audit work. for this report, or for the opinions we have formed. fv,- S4.- 8rian Stewart (Senlor Statutory Auditor) for and on behalf of RBCA Limlted, Stalutory Auditor Oate 18 Dec 2025 RBCA Llmlted Linenhall Exchange 26 Llnenhall Street Belfast BT2 88G Page 10
Kilcooley Women's Centre Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025 2025 2024 Unrestricted Restricted funds funds Total funds Total funds Notes INCOME AND ENDOWMENTS FROM: Charitable activities Other Irading artivities 29,330 2,680 792,885 822,215 2,680 734,112 30,126 32,010 792,885 824,895 764,238 ÈXPENDITURE ON: Charitable activltles (39,431) (711,225) {750,656) (800,479) NET INCOMEI(EXPENDITURE) 17,4211 81,660 74,239 {36,241) NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward 17,421) 81,660 74,239 (36,2411 53,490 635,109 688,599 724,840 TOTAL FUNDS CARRIED FORWARD 14 46,069 716,769 762,838 688,599 The notes on pages 15 to 20 form part of these flnanclal statements. Page 11
Kilcooley Women's Centre Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025 2024 Unrestricted Rtstricted funds lunds Total funds Notes INCOME AND ENDOWMENTS FROM: Charltable actlvltles Other trading activities 40,210 30,126 693,902 734,112 30,126 70,336 693,902 764,238 EXPENDITURE ON: Charltable actlvltles {67,214) (733,265) (800,479) P4ET EXPENDITURE 3,122 (39,3631 (36,241) 14ET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward 3,122 (39,363) (36,241) 50,368 674,472 724,840 TOTAL FUNDS CARRIED FORWARD 14 53,490 635,109 688,599 The notes on pages 15 to 20 form part of these financlal 5tstements. Page 12
Kilcooley Women's Centre Balance Sheet As At 31 March 2025 2025 2024 Unrestricted Restricted funds fund$ Total funds Total funds Notes FIXED ASSETS Iniangible Assets Tan9ible Assets 6,375 796,188 6,375 796,188 3.744 796,849 802,563 802,563 800,593 CURRENT ASSETS Debtors Cash at bank and In hand io 46,069 147,591 36,763 193,660 36,763 73,168 81,895 46,069 184,354 230,423 155,063 Creditors: Amounts Falllng Due Wlthln One Year li 128,612) (28,612) {25,5211 NET CURRENT ASSETS {LIABILtTIES) 46,069 155,742 201,811 129,542 TOTAL ASSETS LESS CURRENT LIABILITIES 46,069 958,305 1,004,374 930,135 Creditors: Amounts Falling Due After More Than One Year 12 (241,536) {241,536) {241,5361 r4ET ASSETS 46,069 716,769 762,838 688,599 FU14DS OF THE CHARITY Restricted Fvnds Unrestricted Funds 716,769 46,069 635,109 53,490 TOTAL FUNDS 14 762,838 688,599 These accounts have been prepared in accordance wlth the provislons applicable to companles subject to the small companles regime. On behalf of the board Ms Shona Kelly Ms Margaret Welr Trustee Date Trustee The notes on page5 15 to 20 form part of these financial statements. Page 13
Kilcooley Women's Centre Cash Flow Statement For The Year Ended 31 March 2025 2025 2024 Notes Cash flow$ Irom operating actlvltles Net cash {used in)Igenerated from operatlons (9,095) 5,784 Net cash (used in)/generated from operating activities {9,095) 5,784 Cash flows from Investlng actlvltles Purchase of intanglble assets Purchase of tangible assets Net cash used In Investing a¢eSvltles {8,500) 127,536) <289,2531 136,036) 1289,253) Decrease in cash and cash equlvalents Cash and cash equSvalents at beglnnlng of year {45,131) 81,895 {283,469} 365,364 Cash and cash equSvalents at end of year 36,764 81,895 Page 14
Kllcooley Women's Centre Notes to the Cash Flow Statement For The Year Ended 31 March 2025 l. Retonciliation of Income/(expenditure) to cash (used in)/generated from operations 2025 2024 Net incomellexpenditure) Adjustment5 for.. Amortlsation of intangible assets DepreciatSon of tanglble assets Movements in working capital,. {Increèse)/decrease In trade ènd other debtors Increase In trade and other creditors 74,239 (36,2411 5,869 28,198 8,376 23,363 { 120,492) 3,091 3,077 7,209 Nel cash {used Inl/generated from operatlons 19,095) 5,784 2. Cash and cash equlvalents C8sh and cash equlvalent5, a5 stated In the Statement of Cash Flows, relates to the followlng Items in the 8alance Sheet: 2025 2024 Cash at bank and In hand 36,763 81,895 3. Analysls of changes In net debt As at l Aprll Cash flows 2024 Asat31 March 2025 Cash at bank and In hand Debts falling due within one year Debts falllng due after more than one year 81,895 (10,000) (241,536) {45,132) 36,763 (10,0001 {241,5361 (169,641) {45,132) {214,7731 Page 15
Kilcooley Women's Centre Notes to the Financial Statements For The Year Ended 31 March 2025 l. General Informatlon Kilcooley Women's Centre is a company limited by guarantee, incorporated In Northern Ireland, reoistered number N1625060 and registered charity number NJCIOIOOI. The registe offfice is Unit 3a Enterprise House. 2-4 Balloo Avenue, Ban9or, BT19 7QT, 2. AccountSng Policles 2.1. Basis of Preparatlon of Financial Statements The flnancial statements have been prepared In accordance with the Charitie5 SORP (FRS 102) "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin9 Standard applicable in the UK and Aepublic of Ireland (FRS 1021 {effertive I January 20191" Financial Reportlng Standard 102 "The Financlal Reportin9 Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The charitsble company is a Public Beneflt Entity as defined by FRS 102. The flnanclal statements are prepared in sterllng and the level of roundlng Is to the nearest É. 2.2. Significant judgement5 and estlmatlons The preparatlon of the financlal statements requires management to make judgements, estlmates and assumptions that affect the arnounts reported. These estimates and judgement5 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. 2.3. Fund Accountlng Unrestricted funds are available for use at the dlscretion of the trustees to further any of the charlty's purposes. Deslgnated funds are Unrestricted funds earmarked by the directors for particular future project or cornmitment, Restricted funds ore subjected to restrictbons on theSr expendlture declared by the donor or through the terms of an appeal, and fall Into one of two sub-classes.. restrocted income funds or endowment funds. 2.4. Incorning Resotsrces All incomlng resources are included in the statemenl of linanclèl actlvltles when entitlement has passed to the charlty; It Is probable that the economic benefits associated wSth 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 gSft, receipt is probable and Its amount can be measured rellably. legacy income 15 recognised when receipt Is probable and entltlement Is establlshed. • income frorn donated goods is measured at the fair value of the goods unless this 15 impractScal to measure reliablys In which case the value Is derived from the tost to the donor or the estlmated resale value. Donated facilltles and service5 are recognised in the accounts when received if the value can be rellably measured, No amounts are included for the contribution of general volunteers. income from contracts for the supply of servlces is recognised with the delivery of the contracted service. Thi5 Is classified as unrestricted funds unless there is a contractual requirement for It to be spent on a partlcular purpose and retvrned if unspent, in which case it may be regarded as restricted. 2.5. Resources Expended Expendlture is recogni5ed on an accruals basis as a liabillty Is incurred. Expenditure includes any VAT which cannot be fully recovered, and is cla551fied under heading5 of the statement of financial activities to which 11 relates: expenditure on raising funds includes the costs of all fundraislng activitie5, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking attivities that further its charitable aims for the beneflt of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is nelther related to raising funds for the charity nor part of its expendlture on choritable attivities. All costs are allocated to expenditure categories reflecting the use of the resour. Direct costs attributable to 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 ba515. Page 16
Kilcooley Women's Centre Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2.6. Intanglble Fixed Assets and Amortisation - Other Intangible Intangible assets are initially recorded at cost, and are subsequently Stated at CQ5t less any accumulated amort15ation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortlsatlon and subsequent accumulated impairment losses. Intangible a5set5 acqulred as part of a buslness comblnatSon are only OgnIsed separately from goodwill when they arise from contractual or other legal rlghts, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably. Amortisation Amortisation Is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful 1Sfe of that asset as follows.. Website - 25010 Straight Ilne If there is an Sndication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates. 2.7. Tangible Flxed A55et5 and Depreelation Tangible fixed a55ets are measured at cost less accvmulated depreclation ond any accumulated impairrnent losses, Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over thelr expected useful lives on the followlng bases: Freehold Motor Vehides Fixtures & Fittings 20/0 Straight line basis 20Wo reducing balance 20Wo Reducing balance 2.8. Ca$h and Cish Equlvalents Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to è known amount of cash with Insignificant r55k of change in value, and bank overdrafts. 2.9. Penslon$ Contribution5 to defined contribution plans are recognised as an expense in Lhe period in which the related service is provided. Prepaid contributions are recognlsed as an asset to the extent that the PpayMent wlll lead to a reductlon In future paymenls or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date Sn whlch the employees render the related seNice, the lièbilily Is measured on a dlscounted present value basls. The unwlnding of the discount is recognised as an expense in the period In which It arises. 3. Net Income/(Expendlture} The net Income/(expenditure) Is stated after chargln91{credltlng): 202S 2024 Depreelation of tangible fixed assets owned Arnortisation of intan9ible fixed a55ets 28, 198 5,869 23,363 8,376 4. AnalysSs of Expendlture 2025 Activities undertaken directlv Charltable èctlvltes 750,656 Page 17
Kilcooley Women's Centre Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2024 Actlvlties undertaken directlv Charitable activite5 800,479 5. Auditor's Remuneration RemuneratSon recelved by the charitable company's auditors and thelr assoclates durlng the year was as follows.. 2025 2024 Audlt Servlces Audit of the company's financial statements 5,000 3,840 6. Staff Costs Staff costs were as follows.. 2025- £448,008 (2024- É428.476) No employees recelved employee benents {excluding employer pension costs) for the reporting period of more than É60,000. 7. Average Number of Employees Average number of employees during the year was: 16 {2024: 14) 8. Zntanglble Assets other Cost As at l Aprll 2024 Additlons 47,520 8,500 As at 31 March 2025 56,020 Amortlsatlon As at l April 2024 Provided during the period 43,776 5,869 As at 31 March 2025 49,645 Net Book Value As at 31 March 2025 6,375 As at l April 2024 3,744 Page 18
Kilcooley Women's Centre Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 9. Tangible Assets Land & Property Freehold Motor Vehicles Fixtures & Fittings Total Cost As at l April 2024 Addltions 723,619 208,291 22,736 931,910 27,536 4,800 As at 3 1 March 2025 723,619 4,800 231,027 959,446 Oepreclation As at l April 2024 Provided dyring the perlod As at 31 March 2025 4,044 7,236 131,016 20,002 135,060 28,198 960 11,280 960 151,018 163,258 t4et Book Value As at 31 March 2025 712,339 3,840 80,009 796,188 As at l April 2024 719,575 77,275 796,850 10. Debtors 2025 2024 Due wlthln one year Trade debtors Other debtors 9,149 184,511 12,655 60,513 193,660 73,168 11. Creditors: Amounts Falling Due Within One Year 202S 2024 Bank loans and overdrafts Taxatlon and social security Accruals and deferred income 10,000 10,534 8,078 10,000 4,490 11,031 28,612 25,521 12. Creditors: Amounts Falllng Due After More Than Oné Year 2025 2024 Bank loans 241,536 241,536 The loan included in notes 16 and 17 above has been secured from the Archltectural Heritsge Fund. by way of a charge over land and premi5e5 at 77 Main Street, Bangor. Page 19
Kilcooley Women's Centre Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 13. Loans An analysi5 of the maturity of loans is given below.. 2025 2024 Amounts fvlling due within one year or on demand.. Bank loan5 10,000 10,000 202S 2024 Amounts falling due between one and five years., Bank loans 241,530 241,536 14. Movement In Funds As at l April 2024 Asat31 Expenditure March 2025 Income Unrestrlcted funds General.. General unrestricted fund Restrlcted funds Restricted funds 53,490 32,010 <39,4311 46,069 635,109 792,885 {711,2251 716,769 Total lunds 688,599 824,895 (750,6561 762,838 As at l Aprll 2023 Asat31 Expenditure March 2024 Income Unrestricted funds General.. General unrestritted fund Restrlcted funds Restricted funds 50.368 70,336 (67,214) 53,490 674,472 693,902 (733,265) 635,109 Total funds 724,840 764,238 (800,479) 688,599 15. Related Party Dlsclosures There have been no related party transactions in the reporting period that require disclosu. 16. Company limited by guarantee The company is Ilmlted by guarantee and has no share capltal. Every member ot the company undertakes to contribute to the a55ets of the company, in the event of a winding up, such an amount as may be required not exceeding £1. 17. FRC'S Ethlcal Standard Provlslon Available for Small Entities In Common With other businesses ot our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the flnanclal statement5. Page 20