REGISTERED COMPANY NUMBER: N1059265 (Northern Ireland) REGISTERED CHARITY NUMBER: NIC101158 ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2023 for Atlas Women's Centre Acom Limited b Guarantee an Lynn, Drake & Co Ltd Chartered Accountants I st Floor 34 B-D Main Street Moira Co. Arniagh BT67 OLE
Atlas Women's Centre Contents of the Financial Statements for the Year Ended 31 March 2023 Page Reference and Administrative Details Report of the Trustees Independent Examiner's Report 9 to 10 Statement of Finaneial Activities Statement of Financial Position 12 to 13 Notes to the Financial Statements 14 to 27 Detailed Statement of Financial Activities 28 to 29
Atlas Women's Centre Reference and Administrative Details for the Year Ended 31 Marcb 2023 TRUSTEES Barbara Elizabeth Hamill Colette Power Elizabeth Quinn Mary Rose Holt (reslgned 111012022) Carol Elizabeth Williams Kayleigh Clarke Kym Hall Elizabeth Docherty Eileen Irvine Ann Johnston Jennifer Magee COMPANY SECRETARY Eileen Irvine REGISTERED OFFICE 7 Bachelors Walk Lisburn Co. Antrim BT28 IXJ REGISTERED COMPANY NUMBER N1059265 (Northern Ireland) REGISTERED CHAIUTY NUMBER NICIOI 158 INDEPENDENT EXAMINER Lynn, Drake & Co Ltd Chartered Accountants 1st Floor 34 B-D Main Street Moira Co. Armagh BT67 OLE
Atlas Women's Centre Re ort of the Trustees for the Year Ended 31 March 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims To promote any charitable purpose for the benefit of women and their families in Northern Ireland, particularly the greater Lisburn area and nearby rural locations, including the advancement of education, the preservation and protection of health, and the provision of facilities for recreation and other leisure time occupation, with regard to equal opportunities for all, in th¢ interests of social welfare and with the object of improving the conditions of life for the said beneficiaries. To establish or secure the establishment of a Centre, and to maintain and manage the same (whether alone or in co-operation with any local authority or other person or body) in furtherance of these objects. In furtherance of the above objects but not further or othenvise, the Group has the following powers: * To develop a network system between agencies and relevant groups in the area. * To make the Centre available to all sections of the community to promote understanding, reduce fear and develop a bond between communities to work together for peace. * To provide information and support as required by individuals. * To provide access to courses and the opportunity for individuals to identify what they require educationally and to have an input into the design and development of such courses. * To refer women, if necessary, to agencies offering specialised help and counselling. * To develop a comprehensive database, collating and disseminating information on relevant issues in accordance with the Data Protection Act (1988). * To promote better support structures and facilities within the local and wider community. To address issues on Health, Community Saf¢ty and Crime Prevention in a positive manner, by open contact with Statutory and Voluntary Agencies in the area. * To work for and with all interested Women's Groups and other disadvantaged groups in the local community and encourage women to take a more active role in improving their lives and that of their community. * To co-operate to such an extent as may be necessary with statutory authorities and voluntary organisations engaged in the furtherance of the above objectives or any one of them. * To rais¢ and accept money by way of grants, donations, bequests, legacies or other lawful m¢thod in the best interest of Atlas. * To purchase, take on lease or in exchange, hire or otherwise acquire any property and any rights and privileges necessary for the attainrnent of the said objectives and construct, maintain and alter any buildings or edifices so necessary as aforcsaid. * To sell, let, or mortgage or to turn to account all or any of the property or assets of the Group. * To employ and pay any person or persons, not being members of the Committee, to supervise, organise and carry out the work of the Group and make all reasonable and necessary provision for th¢ payment of remuneration to employees. * To do such other lawful things as are necessary for the attainment of the said objects.
Atlas Women's Centre ort of the Trustees for the Year Ended 31 March 2023 OBJECTIVES AND ACTIVITIES Public benefit The objects of the company shall be to.. Promote any charitable purpose for the benefit of women and their families in Northern Ireland, particularly the greater Lisburn area and nearby rural locations. Advancement of education, through provision of community education, support, life skills training, soft outcomes training and accredited training. Preservation and protection of health, through community information sessions and workshops, healthy lifestyle courses, positive mental health education, advice and support. Provision of facilities for recreation and other leisure time occupation, through community education and support. With regard to equal opportunities for all, in the interests of social welfare and with the object of improving the conditions of life for the said beneficiaries. Establish or secure the establishment of a centre and to maintain and manage the same (whether alone or in co-operation with any local authority or other person or body) in furtherance of these objectives. The direct benefits which flow from the purpose include: Improved education Increased confidence, improved health, reduced stress, anxiety, isolation and increased life skills Volunteering and job opportunities Achievement and personal development These benefits are demonstrated through feedback, focus groups, progression charts, surveys, discussion groups, evaluations and progression. The purpose of our charity will not lead to any harm. The charities beneficiaries are for women and all disadvantag¢d families and individuals living in Lisburn and the wider community. A privat¢ ben¢fit flowing from this purpose is that directors gain training and skills that are transferrable. These benefits are incidental and necessary to promote and sustain this charities service provision. Volunteers Volunteers play a key role in the day to day activities of the Centre. The primary contributions are their time, combined skills, networks and knowledge of other resources. ACHIEVEMENT AND PERFORMANCE FINANCIAL REVIEW Financial position The company had net outgoing Tesourccs for the year of £82,605 (2022 net incoming resources of £83,858, which reflected the completion of a number of projects during the year. Unrestricted funds decreased by £40,466 while restrict¢d funds decreased by £42,139.
Atlas Women's Centre ort of the Trustees for the Year Ended 31 March 2023 FINANCIAL REVIEW Reserves policy The charity's policy is to retain a level of free reserves, which matches the needs of the organisation both at the current time and in the foreseeable future. The charity has developed a plan to establish and maintain this agreed level of free reserves. The charity will continue to monitor compliance with this policy on a regular basis and the Board will review the appropriateness of the policy annually. FUTURE PLANS * Source funding to secure premises, staffing lev¢ls and new courses * Continue and develop partnership working * Further policy review and development work * Explore and develop corporate training to encourage sustainability * Continue fundraising activities STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Recruitment and appointment of new trustees The Charity follows an appraisal process to identify the skills required for the Trustee Board and to identify any skills gap on the Board. Members of the Trustee Board receive a full induction programme on joining the Trustee Board and thereafter receive ongoing training and briefing sessions. The board completes an annual evaluation of its effectiveness. Actions arising from this process are integrated into the corporate workplan. The Trustee Board uses open recruitment and strives to ensure that there is adequate local representation on the Trustee Board.
Atlas Women's Centre ort of the Trustees for the Year Ended 31 March 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational and Decision Making Structure The Board of Directors are elected at the annual general meeting and presently meet monthly. They monitor the progress and the finances of the Centre. In consultation with staff, volunteers and users they make decisions on the development of the Ccntre and relevant policies and activities. Atlas Women's Centre does not operate in isolation and is involved with both larger women's organisations and local and regional groups. This allows us to access information, training and support, develop cross community links and use our collective voice to lobby for change and to feed into strategy formation. At present we work with the following.'_ * Access NI * Accept Nl AgeNI * ASCERT * Awards for All * AWARE Defeat Depression * Barnardos * Belfast Metropolitan College * Big Lottery * Cedar Foundation * CFNI cNI * Choice Housing * Chrysalis * Colin Counselling * Community Addiction Team * Community Advice Nl D DoF * Drumlough Community Association * Early Years - the organisation for young children * Early Years Day-care Providers * Early Years Intervention Lisburn * Emerge * Epilepsy Support Group * Executive Office - Central Good Relations * Fibromyalgia Support Group * Finance Ireland * Groundwork NI * Halifax Foundation * Helping Hands * Homestart * Hygiene Bank Moira * Inspire * Island Arts Centre * Job & Benefits * Keeping Safe Initiative * Lagan Valley Vineyard Church * Lagan View Enterprise Centre
Atlas Women's Centre ort of the Trustees for the Year Ended 31 March 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT * Lifeline * Lisburn City Centre Management * Lisburn City Church * Lisburn & Castlereagh City Council * Lisburn Enterprise Organisation * Lisburn Foodbank * Lisburn Health Centre * Lisburn Outlook * Manor Fold * Mencap * Mermaids * Mindwise * NICMA * NICVA * NIHE * pcsp * People First * Play Resource Centre * Police Service Northern Ireland * Probation Queens University * Resurgam Healthy Living Centre * Resurgam Trust * Resurgam Youth Initiative * Resurgam Womens Network * Sainsburys * Scoil Na Fuiseogie * Simon Community * SHIP * South Eastern Regional Colleges * SEHSCT * SECCP * Spar * Stepping Stones * St Patricks Pastoral Centre * Surestart * Tesco * Ulster Bank * Volunteer Now * Welcome Project *wNI Womcn's Centres in Northern Ireland including. Footprints, Shankill, Falls, Ballybeen, Greenway and Windsor * Women's Centres Regional Partnership * Women's Support Network * WRDA * YMCA
Atlas Women's Centre ort of the Trustees for the Year Ended 31 March 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT OUT partnerships with other organisations serve to assist in avoiding duplication, establishing need and providing specialised and tailored services to meet that need, as well as influencing good practice and performing information sharing. Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Major risks include funding and sustainability, with risk of losing staff and premises. Steps taken to mitigate include the set-up and adherence to a sustainability strategy, which included lobbying government for mainstream funding and identifying potential business opportunities for development, making projects more self-sufficient and intensive fundraising. This intensive lobbying has yielded th¢ results we had hoped and the strategy will be revised in the coming year. EVENTS SINCE THE END OF THE YEAR Inforniation relating to events since the end of the year is given in the notes to the financial statements. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Atlas Women's Centre for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP: make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continu¢ in business. The trustees are responsible for kecping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding thc assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Atlas Women's Centre ort of the Trustees for the Year Ended 31 March 2023 This report has been prepared in accoidance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 3 May 2023 and signed on its behalf by: Eileen Irvine - Trustee
Inde endent Examiner's Re Atlas Women's Centre I report on the accounts of the company for the year ended 31 March 2023, which are set out on pages eleven to twenty seven. ort to the Trustees of Respective responsibilities of charity trustees and examiner As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to.. examine the accounts under Section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act state whether particular matters have come to my attention. Basis of the independent examiner's report I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me causc to believe: That accounting records were not kept in accordance with Section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a list¢d body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in Ireland which is one of the listed bodies. I have completed my examination and have no concerns in respect of the matters ( l ) to (4) list¢d above and, in conncction with following the Directions of the Charity Commission for Northem Ireland, I have found no matters that require drawing to your attention. Billy Drake Lynn, Drake & Co Ltd Chartered Accountants I st Floor 34 B-D Main Street Moira Co. Armagh
IDde endent Examiner's Re Atlas Women's Centre BT67 OLE ort to the Trustees of 3 May 2023 10
Atlas Women's Centre Statement of Financial Activities Incor oratin an Income and Ex for the Year Ended 31 March 2023 enditure Account 31.3.23 Total funds 31.3.22 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Charitable activities Grants Receivable 258,257 258,257 347,088 Other trading activities 59,559 59,559 96,085 Total 59,559 258,257 317,816 443,173 EXPENDITURE ON Charitable activities Direct Expenses Governance 96,712 3,313 300,396 397,108 3,313 354,934 4,381 Total 100,025 300,396 400,421 359,315 NET INCOMEI(EXPENDITURE) (40,466) (42,139) (82,605) 83,858 RECONCILIATION OF FUNDS Total funds brought forward 338,248 329,649 667,897 584,039 TOTAL FUNDS CARRIED FORWARD 297,782 287,510 585,292 667,897 The notes forn) part of these financial statements
Atlas Women's Centre Statement of Financial Position 31 Mareh 2023 31.3.23 31.3.22 Notes FIXED ASSETS Tangible assets 474,894 551,705 CURRENT ASSETS Debtors Cash at bank 125,388 34,032 126,363 128,167 159,420 254,530 CREDITORS Amounts falling due within one year 10 (21,696) (69,061) NET CURRENT ASSETS l37,724 185,469 TOTAL ASSETS LESS CURRENT LIABILITIES 612,618 737,174 CREDITORS Amounts falling due after more than one year (27,326) (69,277) NET ASSETS 585,292 667,897 FufiDS Unrestricted funds Restricted funds E5 297,782 287,510 338,248 329,649 TOTAL FUNDS 585,292 667,897 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of th¢ Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 3 86 and 3 87 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the cnd of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which othenvise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes forn] part of these financial statements 12 continued...
Atlas Women's Centre Statement of Financial Position- continued 31 March 2023 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regimc. The financial statements were approved by the Board of Trustees and authorised for issue on 3 May 2023 and were signed on its behalf by- •04 Elizabeth Dochety - Trustee Eileen Irvine - Trustee The notes fonn part of these financial statements 13
Atlas Women's Centre Notes to the Financial Statements for the Year Ended 31 March 2023 ACCOUNTING POLICIES Basis of preparing the financiaI statements Summary of significant accounting policies a) General information and basis of preparation Atlas Womens Centre Ltd is constituted as a company limited by guarantee incorporated in Northern Ireland (NICIOI158). In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act (Northern Ireland) 2013, the Companies Act 2006 and UK Generally Accepted Practice as it applies from l January 2015. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity.. The significant accounting policies applied in the preparation of these fInancial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. {b) Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with sp¢cifi¢ restrictions imposed by donors or which have b¢¢n raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the fInancial statements. Further explanation of the nature and purpose of each fund is included in the notes to the fInancial statements. (c) Income recognition All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met. the amount can be measured reliably and it is probable that the income will be received. Basis of preparing the financial statements 14 continued...
Atlas Women's Centre Notes to the Finanei21 Statements - continued for the Year Ended 31 March 2023 ACCOUNTING POLICIES - continued Basis of preparing tbe financial statements For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities (SOFA) when receivable. Income received from collections is recognised when received. Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees, Annual Report. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On thes¢ occasions, the legacy is treated as a contingent asset and disclosed. Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity- Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. The charity receives government grants which are detailed within the notes to these financial statements. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be r¢ceiv¢d and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. (d) Expenditure recognition All expenditure is ac¢ount¢d for on an accruals basis, inclusive of VAT which cannot be recovered and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised wh¢re there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: Costs of raising funds includes the costs associated with attracting voluntary incotnes" Expenditure on charitable activities includes those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. and Other expenditure represents those items not falling into the categories above. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. 15 continued...
Atlas Women's Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2023 ACCOUNTING POLICIES - continued Basis of preparing the financial statements Basis of preparing the financial statements Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity- (e) Support costs allocation Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll Costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Premises overheads have b¢¢n allocated on an insert detail basis and other overheads have been allocated on a basis Consistent with the use of resources. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. (D Tangible fixed assets Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows.. Land & Buildings Office Equipment I 00/0 Straight Line 200/0 Straight Line (g) Debtors and creditors receivable I payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. (h) Impairment Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Whcrc the carrying amount exceeds its recoverable amount, an impainnent loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairnient loss is a revaluation decrease. (i) Provisions Basis of preparing the financial statements 16 continued...
Atlas Women's Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2023 ACCOUNTING POLICIES - CODtinued Basis of preparing the financial statements Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. ti) Leases Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors. Rentals payable and receivable under operating leases are charged to the SOFA on a straight line basis over the period of the lease. (k) Employee benefits When employees have rendered service to the charity, short-term employee benefjts to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. (l) Tax No provision is required for taxation as the company is defined as a charity for taxation purposes. (m) Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. (n) Judgements estimates The following judgements including those involving estimates that have been made in the process of applying the above accounting policies that have had the most significant effect on the amounts recognised in the financial statements and that have a significant risk of causing a material adjustment to the cryIng amounts of assets and liabilities within th¢ next financial year: (i) principal assumptions used to measure multi-employer defined benefit pension schemes, liabilities, sensitivities to changes in assumptions and future funding obligations The estimates and assumptions are reviewed on an ongoing basis considering the current and future market conditions. (o) Pension costs and other post-retirement benefits 17 continued...
Atlas Women's Celltre Notes to the Financial Statements - continued for the Year Ended 31 March 2023 ACCOUINTING POLICIES- contlDued Basis of preparing the finaD¢ial statements The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings 200/0 Straight Line Related party exemption The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,, not to disclose related party transactions with wholly owned subsidiaries within the group. Taxation The company is a registered charity and so such is entitled to certain tax exemptions on income and profits from investments and surpluses on any trading activities carried on in furtherance of the charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. OTHER TRADING ACTIVITIES 31.3.23 31.3.22 Enrolment Fees Bank Interest Received Cafe Sales Room Hire Fundraising and Donations Management Fee Sundry Income CFI Covid Recov¢ry 22,597 207 18,328 2,033 9,805 6,000 589 17,206 13,261 805 12,909 6,500 2,001 43,396 59,559 96,085 18 continued...
Atlas Women's Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2023 INCOME FROM CHARITABLE ACTIVITIES 31.3.23 31.3.22 Activity Grants Receivable Grants 258,257 347,088 Grants received, included in the above, are as follows: 31.3.23 31.3.22 LCCC Good Relations Department for Communities - WCCF Groundwork Nl Awards for All - Big Lottery Fund Lisburn & Castlereagh City Council Harship Fund LCCC Community Support South Eastern Health & Social Services Trust LCCC PCSP Department for Communities - CIF SE Childcare Partnership Garfield Weston Early Years-Pathway Fund Big Lottery 25 Years Executive Office Central Live Here Love Here LCCC-Festival Grant MAS Project Community Food Initiative LCCC Urban Investment Capital LCCC Community Facilities Capital CFNI Resurgam Early Intervention Resurgam CFNI George Earle LCCC Centenary Fund LCCC Connecting Communities Department for Infrastructure Solace Womens Aid WRDA UKCRF Neighbourly LCCC Queens Jubilee LCCC DIY Choice Housing 2,236 54,798 3,000 49,779 50,000 10,000 1,800 4,785 17,799 5,000 69,057 1,000 5,225 17,124 4,576 67,624 1,581 25,000 15,000 1,000 27,000 1,200 15,000 34,253 1,800 3,500 13,405 12,042 800 15,000 10,000 100 100 3,000 400 3,520 10,000 9,592 4,525 i 0,000 6,852 13,377 1,300 500 960 735 258,257 347,088 19 continued...
Atlas Women's Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2023 SUPPORT COSTS Governance costs Finance Totals Direct Expenses Governance 933 300 3,313 L,233 3,313 933 3,613 4,546 NET INCOMEI(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting)- 31.3.23 31.3.22 Accountancy Fee Depreciation - owned assets 3,613 80,874 3,270 80,468 TRUSTEES, REMUINERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. STAFF COSTS 31.3.23 31.3.22 Wages and salaries Social security costs Other pension costs 147,572 5,116 8,928 135.072 6,530 5,988 161,616 147,590 Th¢ average monthly number of employees during the year was as follows: 31.3.23 31.3.22 Management & Administrative No employees received emoluments in excess of £60,000. 20 continued...
Atlas Women's Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2023 TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Totals COST At l April 2022 Additions 804,661 4,063 42,792 847,453 4,063 At 31 March 2023 808,724 42,792 851,516 DEPRECIATION At l April 2022 Charge for year 252,956 80,874 42,792 295,748 80,874 At 31 March 2023 333,830 42,792 376,622 NET BOOK VALUE At 31 March 2023 474,894 474,894 At 31 March 2022 551,705 551,705 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Solace Womens Aid SEHSCT DfC- WCCF Dfc - CIF MAS Project Executive Office Central Salta Services (Nl) Limited 1,370 4,281 1,912 1,136 1,065 10,645 105,954 4,281 1,912 1,136 451 10,654 106,954 125,388 126,363 21 continued...
Atlas Women's Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2023 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Bank loans and overdrafts (see note 12) Accruals and deferred income 15,905 5,791 15,726 53,335 21,696 69,061 11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.3.23 31.3.22 Bank loans (see note 12) 27,326 69,277 12. LOANS An analysis of the maturity of loans is given below: 31.3.23 31.3.22 Amounts falling due within one year on demand: Bank loans 15,905 15,726 Amounts falling between one and two years: Bank loans - 1-2 years 15,905 15,726 Amounts falling due between two and five years.. Bank loans - 2-5 years 11,421 53,551 13. SECURED DEBTS The following secured debts are included within creditors: 31.3.23 31.3.22 Bank loans 43,231 85,003 Two Company charges were created during the year ending 31 March 2018. A, Created on 16 Octob¢r 2017 between Ulster Bank and Atlas Womens Centre on Mortgage over property at 9 Bachelors Walk, Lisburn. The chargor acting as a bare trustee for the property B. Created on 29 November 2017 between Community Foundation for Northern Ireland and Atlas Womens Centre regarding a registration to extend a Mortgage charge on 7 Bachelors Walk, Lisburn. 22 continued...
Atlas Women's Centre Notes to the Finan¢iaI Statements - continued for the Year Ended 31 March 2023 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.23 Total funds 31.3.22 Total funds Unrestricted Restiicted fund funds Fixed assets Current assets Current liabilities Long term liabilities 199,661 148,348 (22,901) (27,326) 275,233 11,072 1,205 474,894 159,420 (21,696) (27,326) 551,705 254,530 (69,061) (69,277) 297,782 287,510 585,292 667,897 15. MOVEMENT IN FUNDS Net movement in funds At 3113123 At 114122 Unrestricted funds General fund 338,248 (40,466) 297,782 Restricted funds Department for Communities-CIF Groundwork NI (Capital) Lisburn & Castlereagh City Council Hardship Fund Big Lottery Space and Place (Capital) Garfield Weston (Capital) MAS Project LCCC Urban Investment (Capital) LCCC Community Facilities (Capital) Neighbourly 1,205 (5,000) I,205 40,000 45,000 1,404 (39,423) (2,500) 3,375 (1,500) ( 1,000) 1,300 1,404 200,226 20,000 3,375 12,000 8,000 1,300 239,649 22,500 13,500 9,000 329,649 (42,139) 287,510 TOTAL FUNDS 667,897 (82,605) 585,292 23 continued...
Atlas Women's Centre Notes to the Financial Statements - eontinued for the Year Ended 31 March 2023 15. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 59,559 (100,025) (40,466) Restricted funds Department for Communities-CIF Dfc WCCF Groundwork NI (Capital) Lisburn & Castlereagh City Council Hardship Fund Good Relations Grant South Eastern Health Social CareTrust LCCC Community Support Big Lottery Space and Place (Capital) LCCC PCSP Childcare Partnership Garfield Weston (Capital) Early Years - Pathway Fund Executive Office Central Good Relations Live Here Love Here Lisburn & Castlereagh City Council-Festival Grant MAS Project CFNI Resurgam Department for Infrastructure Solace Womens Aid WRDA UKCRF LCCC Urban Investment (Capital) LCCC Community Facilities (Capital) Neighbourly LCCC Queens Jubilee LCCC DIY Choice Housing 69,057 54,798 (67,852) (54,798) (5,000) 1,205 (5,000) 1,800 2,236 17,799 4,785 (396) (2,236) (17,799) (4,785) (39,423) (5,000) (1,000) {2,500) (15,000) 1,404 (39,423) 5,000 1,000 (2,500) 15,000 34,253 1,800 (34,253) (1,800) 3,500 13,405 100 10,000 6,852 13,377 (3,500) (10,030) (ioo) (10,000) (6.852) (13,377) (1,500) (1,000) 3,375 (1,500) (1,000) 1,300 1.300 500 960 735 (500) (960) (735) 258,257 (300,396) (42,139) TOTAL FUNDS 317,816 (400,421) (82,605) 24 continued...
Atlas Women's Centre Notes to tbe Financial Statements- continued for the Year Ended 31 Marcb 2023 15. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds At 3113122 At 114121 Unrestricted funds General fund 304,967 33,281 338,248 Restricted funds Groundwork NI (Capital) Big Lottery Space and Place (Capital) Garfield Weston (Capital) LCCC Urban Investment (Capital) LCCC Community Facillties (Capital) 45,000 (39,423) 22,500 13,500 9,000 45,000 239,649 22,500 13,500 9,000 279,072 279,072 50,577 329,649 TOTAL FUNDS 584,039 83,858 667,897 25 continued.
Atlas Women's Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2023 15. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 96,085 (62,804) 33,281 Restricted funds Department for Communities-CIF Dfc WCCF Groundwork Nl (Capital) SEHSCT Awards for All - Big Lottery Fund Good Relations Grant LCCC Community Support Big Lottery Space and Place (Capital) LCCC PCSP Childcare Partnership Garfield Weston (Capital) Early Years - Pathway Fund Executive OffIce Central Good Relations Big Lottery 25 Years Live Here Love Here MAS Project Community Food Initiative Early Intervention Resurgam CFNI George Earle LCCC Centenary Fund LCCC Connecting Communities Department for Infrastructure Solace Womens Aid WRDA UKCRF LCCC Urban Investment (Capital) LCCC Community Facilities (Capital) 67,624 49,779 50,000 17,124 10,000 3,000 5,225 (67,624) (49,779) (5,000) (17,124) (10,000) (3,000) (5,225) (39,423) (4,576) (1,581) (2,500) (15,000) 45,000 (39,423) 4,576 1,581 25,000 15,000 22,500 27,000 1,000 1,200 12,042 800 loo 3,000 400 3,520 i 0,000 9,592 4,525 15,000 10,000 (27,000) ( 1,000) (1,200) (12,042) (800) (ioo) (3,000) (400) (3,520) (10,000) (9,592) (4,525) (1,500) (1,000) 13,500 9,000 347,088 (296,511) 50,577 TOTAL FUNDS 443,173 (359,315) 83,858 26 continued...
AtIas Women's CeDtre Notes to the Financial Statements - continued for the Year Ended 31 Mareh 2023 16. CONTINGENT LIABILITIES A contingent liability exists at the year end to repay grants received should certain conditions not be fulfilled by the charity. The charity received a grant of £11,200 from DOF Covid Localised Scheme. This amount is currently being repaid to the funder at £560 per month. £6,720 was repaid during the year and an outstanding balance of £2,240 has been provided for in the annual accounts. 17. RELATED PARTY DISCLOSURES Salta Services (NI) Limited is a related party. Atlas Women's Centre paid a total of £28,000 to Salta Services (Nt) Limited for rent during the year ended 31 March 2023. Atlas Women's Centre received £6,000 from Salta Services (Nl) Limited for bookkeeping and other administrative services. Salta Services (NI) Limited is a social enterprise. 18. POST BALANCE SHEET EVENTS The trustees consider the outbreak of Covid-19 to be a non- adjusting event after the reporting date. Given that the situation is fluid and unpredictable, an estimate of the fInancial effect ts not possible at the date of issue of the financial statements. 19. LIMITED BY GUARANTEE The company is limited by guarantee and has no share capital 27
Atlas Women's Centre Detailed Statement of Financial Activities for the Year Ended 31 March 2023 31.3.23 31.3.22 INCOME AND ENDOWMENTS Other trading activities Enrolment Fees Bank Interest Received Cafe Sales Room Hire Fundraising and Donations Management Fee Sundry Income CFI Covid Recovery 22,597 207 18,328 2,033 9,805 6,000 589 17,206 13,261 805 12,909 6,500 2,001 43,396 59,559 96,085 Charitable activities Grants 258,257 347,088 Total incoming resources 317,816 443,173 EXPENDITURE Charitable activities Salaries and NIC Social security Pensions Water rates Insurance Light and heat Telephone Postage Sundries Staff and Volunteer Travel FacilitatOT Fees and Programme Materials Affiliation and Membership fee Rent and Room Hire Hospitality and Meetings costs IT Maintenance Staff Uniforms Staff Training Food Purchases Donations Resources and Equipment Carried forward 147,572 5,116 8,928 391 2,468 6,874 5,257 1,007 135,072 6,530 5,988 369 2,100 5,063 4,742 825 427 1,207 45,627 10,937 28.000 517 1,509 724 56,085 11,473 28,000 1,274 1,358 49 824 5,116 1,050 3,968 287,534 1,830 1,776 6,406 258,925 This page does not forni part of the statutory financial statements 28
Atlas Women's Centre Detailed Statement of Financial Activities for the Year Ended 31 March 2023 31.3.23 31.3.22 Charitable activities Brought forward Repairs and Maintenance Registration Alpha Resource Management Programme Costs Depn of improvements to property Bank loan interest 287,534 6,299 258,925 7,820 152 5,000 18,279 80,874 2,889 80,468 2,569 395.875 354,934 Support costs Finance Bank charges 933 1,1 I I Governance costs Accountancy Fee 3,613 3,270 Total resources expended 400,421 359,315 Net (expenditure)/income (82,605) 83,858 This page does not form part of the statutory financial statements 29