REGISTERED COMPANY NUMBER: N1059265 (Northern Ireland) REGISTERED CHARITY NUMBER: NIC101158 ort of the Trustees and Unauditeil Financial Statements for the Year Ended 31 March 2024 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. Armagh BT67 OLE
Atlas Women's Centre Contents of the Financial Statements for the Year Ended 31 March 2024 Page Reference and Administrative Details Report of the Trustees Independent Examiner's Report 9 to 10 Statement of Financial Activities Statement of Finaneial 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 March 2024 TRUSTEES Barbara Elizabeth Hamill Colette Power Elizabetli Quinn Carol El izabeth Williains (resigned 211612023) Kayleigli Clarke (resigned 71812023) Kym Hall Elizabeth Docherty Ei leen Irvine Ann Johnston Jennifer Magee COMPANY SECRETARY Eileen Irvine REGISTERED OFFICE 7 Baclielors Walk Lisburn Co. Antrim BT28 1 XJ REGISTERED COMPANY NUMBER N1059265 (Northern Ireland) REGISTERED CHARITY NUMBER NICIOI 158 INDEPEIYDENT EXAMINER Lynn, Drake & Co Ltd Cliartered Accouiitaiits Ist Floor 34 B-D Main Street Moira Co. Armagh BT67 OLE
Atlas Women's Centre ort of the Trustees for the Year Ended 31 March 2024 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 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to cliarities preparing their accoiints in accordance witli 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, partiCLilarly the greater Lisburn area and nearby rural locations, including the advaiicement of education, the preservation and protection of health, and the provision of facilities for recreation and other leisure tiine OCCLipation, witli regard to equal opportunities for all, iii the iiitei'ests of social welfare and witli the object of improving the conditions of l ife for tlie said beneficiaries. To establish or secure the establishment of a Centre, and to Inaiiitain and manage the same (wliether alone or in co-operation with any local autliority or other person or body) in furtlierance of these objects. In furtherance of the above objects but Iiot further or otherwise, the Group l)as the following powers: * To develop a network system between agencies and relevant groups in the area. * To Inake the Ceiitre available to all sections of the community to promote understanding, reduce fear and develop a bond between coinmuiiities 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 reqiiire educationally and to have an input into the design and development of sucli courses. * To refer women, if necessary, to agencies offering specialised help aiid counselling. * To develop a compreheiisive database, collatiiig and disseminating inforination on relevant issues in accordance with the Data Protection Act (1988). * To proinote better support structures and facilities within the local and wider comiiiunity. To address issues 011 Healtli, Community Safety and Criine 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 th¢ir lives and that of their coinmunity. * To co-operate to sucli an extent as Inay be necessary with statutory authorities and voluntary organisations engaged in tlie furtherance of the above objectives or any one of them. * To raise and accept nioney by way of grants, donations, bequests, Icgacies or oth¢r lawful inetliod 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 attaiiiment of the said objectives and construct. maintain and alter any buildings or edifices so necessary as aforesaid. * To sell, let, or mortgage or to turn to account all or any of the property or assets of the Group. * To einploy and pay aiiy person or persons, not being tneiiibers of the Coinmittee, to supervise, organise and carry out the work of the Group aiid make all reasonable aiid iiecessary provision for the payment of r¢muneration to eii)ployees. * To do such other lawful things as are necessary for the attaininent of the said objects.
Atlas Women's Centre ort of the Trustees for the Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES Publie benefit The objects of the coinpany shall be to.. Promote any charitable purpose for the benefit of women and their families in Northerii Ireland, particularly the greater Lisburn area and nearby rural locations. Advancemeiit of education, through provision of community education, support, life skills training, soft outcomes training and accredited training. Preservation and protection of liealth, through communiiy information sessions aiid workshops, healtliy lifestyle courses, positive Inental liealth 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 iirproving the cond itions of life for the said beneficiaries. Establish or secure tlie establishment of a centre and to Inaintain and manage the same (whether alone or in co-operation with any local authority or other person or body) in furtherance of tliese objectives. The direct benefits which flow from the purpose include: Emproved education Increased ¢onfideii¢e, iinproved healtli, reduced stress, anxiety, isolation and increased life skills Voluiiteeriiig and job opportunities Achievement and personal developinent These benefits are demonstrated through feedback, focus groups, progression charts, surv¢ys, discussion groups, evaluations and progression. The purpose of our charity will not lead to any harm. The charities beneficiaries are for woinen and all disadvantaged faini l ies and individuals liviiig iii Lisburn and the wider COlTJmunity. A private benefit flowing from this purpose is that d irectors gain training and skills that ar¢ transferrabl¢. These benefits are incidental and n¢cessary to promote and sustain this charities service provision. Volunteers Volunteers play a key role in tlie day to day activities of th¢ Ccntrc. The primary contributions are their time, ombined skills, networks and knowledge of other resources. ACHIEVEMENT AND PERFORMANCE FINANCIAL REVIEW Financial position The coinpany had net outgoing resources for the year of £23,425 (2023 net outgoiiig resources of £82,605, which reflect¢d the ¢ompletion of a niiinber of projects during tlie year. Unrestricted funds increased by £4,895 wliile restricted funds decreased by £28,320.
Atlas Women's Centre ort of the Trustees for the Year Ended 31 March 2024 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 tiine aiid iii the foreseeable future. The charity has developed a plaii to establish and maintaiii this agreed level of free reserves. Tlie cliarity wil I coiitinue to monitor coinpliance with this policy on a regular basis aiid tlie Board will review the appropriateness of the policy aiinually. FUTURE PLANS * Source funding to secure preiTJises, staffing levels, continuation and developinent of all services * M iiior alterations witliin the ceiitre to enliance accessibility and user-friendliness * Continue and develop partnersliip working * Further policy review and developmeiit work * Explore and develop corporate training to encourage sustainability * Continue fundraising activities and develop a proactive fuiidraising committee STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is coiitrolled by its governing document, a deed of trust, and constitutes a limited coinpany, limited by guarantee, as defiiied by tlie Companies Act 2006. Recruitment and appointment of new trustees The Charity fol lows an appraisal process to identify the skills required for tlie Trustee Board and to identify any skills gap oli the Board. Members of the TrLlStee Board receive a full induction programine on joining the Trustee Board and thereafter receive ongoing traiiiing aiid briefing sessions. The board completes an annual evaluation of its effectiveness. Actioiis arisiiig froin this process are integrated iiito the corporate workplan. The Trustee Board uses opeii 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 2024 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 Centre and relevant pol icies and activities. Atlas Women's Centre does not operate in isolation and is involved with botli larger woinen's organisations and local and regional groups. This allows us to access information, training and support, develop cross cominunity links and use our collective voice to lobby for change and to feed into strategy formation. At present we work with the following'.- * Access Nl * Acre Project * Action Mental Health AgeNI * Apex Hoiising Associatioii * Ark Housing Association * ASCERT * Awards for All * A WARE Defeat Depression * Barnardos * Belfast Metropolitan College * Belfast Works Connect * Big Lottery * Bryson * Caring & Sharing Group * Cedar Foundatioii * Celtic Kindness * CFNI * CINI * Choice Housing * Chrysalis Counselling * Community Addiction Teain * Community Advice Nl DfC *DoF * Early Years - the organisation for young children * Early Years Day-care Providers * Early Years Intervention Lisburn * Education Matters * Etnerge * Enipowering Youth * Epilepsy Support Group * Executive Office Central Good Relations * Fibromyalgia Support Group * Finance Irelaiid * Groundwork Nl * Halifax Foundation * Helpiiig Hands * Hillhall Community Association
Atlas Women's Centre ort of the Trustees for the Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT * Homestart Lisburn * Hygienc Bank Moira * Informing Choices Nl * Island Arts Centre * Job & Beiiefits * Keeping Safe Initiative * Lagaii Valley Vineyard Church * Lagan View Enterprise Centre * Lifeliiie * Lisburn City Centre Management * Lisbiirn City Church * Lisburn & Castlereagh City Council * Lisburii Enterprise Organisation * Lisburn Foodbank * Lisbiirn Healtli Centre * Lisbui'ii Outlook * Meiicap * Mermaids * Mindwise * NICMA * NICVA * NIHE * pcsp * People First * Play Resource Centre * Police Service Northern Irelaiid * Probation * Profile Tree * Progressive Building Society Queens Uiiiversity * R¢surgain H¢altliy Living Centre * Resurgam Trust * Resurgam Youth Initiative * Resurgam Womens Network * Sainsburys * Scoil Na Fuiscogie * Siinon Commuiiity * SHIP * South Eastern Regional Colleges * SEHSCT * SECCP * Spar Lambeg * Stepping Stones * St Patricks Pastoral Centre Surestart * Tesco * Ulster Bank * Volunteer Now * Welcome Project * Wildlife Trust
Atlas Women's Centre ort of the Trustees for the Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT * WINI Women's Ceiitres in Northern Ireland including. Footprints, Shankill, Falls, First Steps, Ballybeen, Greenway and Windsor *Woinens Aid * Woinen's Centres Regional Partnersliip * Women's Support Network * WRDA * YMCA Our partnerships witli other orgaiiisations serve to assist in avoiding duplicatioii, establishing need and providing specialised and tailored services to meet tliat need, as well as influencing good practice and performing inforinatioii sliaring. Risk management The trustees have a duty to identify and review the risks to which tlie charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Major risks include funding and sustaiiiability, with risk of losing staff and premises. Steps taken to mitigate include the set-up and adherence to a sustainability strategy, wliich included lobbying government for mainstream funding and identifying potential busiiiess opportunities for development, making projects Inore self-siifficient and intensive fundraising. This intensive lobbying has yielded tlie results we had hoped aiid the strategy will be revised in the coming year. STATEMENT OF TRUSTEES, RESPONSIBILITIES Tl)¢ trustees (who are also the directors of Atlas Woinen'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 Kingdoin Accounting Standards (United Kingdom Generally Accepted AccoLlllting Practice) including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires tlie trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable compaiiy and of tlie incoming resources aiid appl icatioii of resources. incliiding the income and expenditure, of the charitable company for tliat period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply tliem 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 basi5 iinlcss it is inappropriat¢ to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records wliicli disclose with reasonable accuracy at aiiy time the financial position of the cliaritable coinpaiiy and to enable them to ensure tliat the financial statements coInply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable Compaiiy and hence for taking reasonable steps for the prevention and detcction of fraud and other irregularities.
Atlas Women's Centre ort of the Trustees for the Year Ended 31 March 2024 This report has been prepared in accordance with tlie special provisions of Part 15 of the Companies Act 2006 relatiiig to small coinpanies. Approved by order of the board of trustees on 7 May 2024 and signed on its behalf by.. Eileen Irvine - Trustee
Inde endent Examiner's Re Atlas Women's Centre I report on tlie accounts of the coinpany for the year ended 31 March 2024, which are set out on pages eleven to twenty seven. ort to the Trustees of Respective responsibilities of charity trustees and examiner As tlie charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordaiice with the requirements of tlie Companies Act 2006. Having satisfied myself that tlie cliarity is not subject to audit under company law and is eligible for independenl examination, it is my respoiisibi lity to: examine tlie accoiints under Sectioii 65 of the Cliarities 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 L have examined youi. charity accounts as required under Sectton 65 of the Cliarities Act and my exaininatioii was carried out iii accordaiice with the general Directions given by the Charity Cominission for Northern Irelaiid under Section 65(9)(b) of tlie Cliarities Act. The examination included a review of the accounting records kept by the charity aiid a coinparison 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 conceriiing any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with Section 386 of the Companies Act 2006 That the accouiits do iiot accord witli those accounting records That tlie accoiints do not coinply witli the accounting requireinents of Sectioii 3 96 of tlie Compan ies Act 2006 and with the metliods and priiiciples of the Charities Stateinent of Recominended Practice applicable to charities preparing tl)eir accounts in accordance witli the Fiiiancial Reporting Standard applicable in the UK and Republic of Ireland That there is further iiiformation needed for a propel understandiiig of tl)e accouiits to be reached. Independent examiner's statement Siiice yoiir charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l ain qualified to uiidertake the examination because l ain a meinber of the Institute of Chartered Accountants in Ireland whicli is one of the listed bod ies. I have completed iny examinatioii and have no concerns in respect of the matt¢rs (l) to (4) listed above aiid, in coniiectioii witli following the Directions of the Charity Coinmission for Nortliern Ireland, I have found no matters that require drawing to your attention. Billy Drake The Institute of Chartered Accountants in Ireland Lyiin, Drake & Co Ltd Chartered Accountants 1st Floor 34 B-D Main Street Moira
Inde endent Examiner's Re Atlas Women's Centre Co. Armagh BT67 OLE ort to the Trustees of 7 May 2024 10
Atlas Women's Centre Statement of Financial Activities Ineor oratin an Income and Ex for the Year Ended 31 March 2024 enditure Account 3l.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Charitable activities Grants Received 268,199 268,199 258,257 Other trad ing activities 93,179 93,179 59.559 Total 93,179 268,199 361,378 317,816 EXPENDITURE ON Charitable activities Direct Expenses Governance 84,864 3,420 296,519 381,383 3,420 397,108 3,313 Total 88,284 296.519 384,803 400,421 NET INCOMEI(EXPENDITURE) 4,895 (28,320) (23,425) (82,605) RECONCILIATION OF FUNDS Total funds brought forward 297,782 287,510 585,292 667,897 TOTAL FUNDS CARRIED FORWARD 302,677 259,190 561,867 585,292 The notes form part of these financial statements
Atlas Women's Centre Statement of Financial Position 31 March 2024 31.3.24 31.3.23 Notes FIXED ASSETS Tangible assets 394,020 474,894 CURRENT ASSETS Debtors Cash at bank 117,801 78,343 125,388 34,032 196,144 159,420 CREDITORS Ainounts falling due within one year 10 (14.068) (21,696) NET CURRENT ASSETS 182,076 137,724 TOTAL ASSETS LESS CURRENT LIABILITIES 576,096 612,618 CREDITORS Amounts falling due after Inore than one year (14,229) (27,326) NET ASSETS 561,867 585,292 FUNDS Ui)restricted funds Restricted funds 15 302.677 259,190 297,782 287,510 TOTAL FUNDS 561.867 585,292 The charitable compaiiy is entitled to exemption from audit uiider Section 477 of tli¢ Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 Mai'ch 2024 in accordance witli Section 476 of the Compaiiies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring tliat the charitable coinpany keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial stateinents which give a true and fair view of the state of affairs of the charitable compaiiy as at the end of each financial year and of its surplus or deficit for eacli financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companics Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) The notes form part of these financial statements l2 continued...
Atlas Women's Centre Statemenl of Financial Position - eontinued 31 March 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the sinall companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 7 May 2024 and were signed on its behalf by: Aiiii Johnston Truslee Eileeii Irvine - Trustee The notes form part of th¢s¢ financial statements 13
Atlas Women's Centre Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUINTING POLICIES Basis of preparing the financial statements Summary of significant accounting policies a) General information and basis of preparation Atlas Woniens Centre Ltd is constituted as a company liinited by guarantee incorporated in Nortliern Ireland (NICIOI 158). In the event of the charity being wound up, tlie liability in respect of tlie guarantee is limited to £1 per Inember of the charity. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared accordance with Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their a¢coui)ts in accordance with the Fii)an¢ial Reporting Staiidard applicable iii the UK aiid Republic of Ireland (FRS 102), tlie Financial Reporting Standard applicable in the United Kiiigdom 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, Inodified to include certaiii items at fair value. The financial stateineiits are presented in sterling wh icli is the fiiiictional ¢iirren¢y of tlie charity-. The significant accounting policies applied in the preparation of these finaiicial stateinents 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. Desigiiated fiiiids comprise unrestricted funds that have been set aside by the trLlStees for particular purposes. Tlie aiin and iise of each designated fund is set out iii tli¢ notes to the fiiiancial statemeiits. Restricted funds are funds which are to be used in accordance witli specific restrictions imposed by donors or which have been 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. Furtlier explanation of the nature and purpose of each fund is included in the notes to the financial statements. {e) Income recognition All incoiniiig resources are included in the Statement of Finaiicial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured rel iably and it is probable that the income will be received. Basis of preparing the financial statements 14 coiitinued...
Atlas Women's Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTIING POLICIES - Continued Basis of preparing the financial statements For donations to be recognised tlie charity will have been notified of the amounts and the settlement date in writing. If there are conditioiis attaclied to the donatioii and this requires a level of perforinance before entitleinent can be obtaiiied then iiicome is deferred until tliose coiiditioiis are fiilly Inet or the fulfilment of tliose conditions is withiii the control of the charity and it is probable tliat tliey will be fulfilled.voluiitary income is received by way of grants, donations and gifts and is included in full in tlie Stateinent 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 cali be Ineasured reliably and the charity has control over the item. Fair valiie is determined on the basis of the value of tlie gift to the cliarity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amouiit is recognised in expenditure. No amount is included in the financial stateineiits for volunteer time in line with tlie 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 d istribution 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 amouiit expected to be distributed. On tliese occasions, the legacy is treated as a contingent asset and disclosed. Incoine from trading activities includes income earned from fiindraising events and trading activities to raise funds for the charity- Income is received in exchaiige for supplying goods and services in order to raise funds and is recognised when ¢ntitlement has occurred. Tlie charity receives governinent grants wliicli are detailed within the notes to these financial statement5. Incoine from govei'nineiit and other grants are I'ecognised at fair value wlien the charity has entitlement after any perforniance conditioiis have been In¢t, it is probable tliat the income will be received and the amount can be measured reliably. If entitlement is not Inet then these amounts are deferred. (d) Expenditure recognition All expeiiditure is accounted for on an accruals basis, inclusive of VAT which cannot be recovered and has beeii classified uiider headiiigs tliat aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make paymcnts to third parties, it is probable that the settlement will be required and the amount of tlie obligatioii can be measured reliably. It is categorised under the following h¢adiiigs'. Costs of raising funds includes the costs associated witli attracting voluntary incomes- 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. continued.
Atlas Women's Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - continued Basis of preparing the financial statements Basis of preparing the fiiiancial stateinents 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 tliat tlie recipient will i'eceive the grants. Where grants are conditional relating to performaiice then the grant is only accrued when any unfulfilled conditions are outside of the control of tlie charity. (e) Support costs alloeation Support costs are tliose that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payrol I costs. They are incurred directly in support of expenditure on the objects of the charity and iiiclude project Inanagement carried out at Headquarters. Wliere 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. Preinises overheads liave been al located on an insert detai I basis and other overlieads have been allocated on a basis consistent with the use of resources. Fund-raising costs are those incurred iii seeking voliintary contributions and do not incliide the costs of dissemiiiating information in support of the charitable activities. (fj Tangible fixed assets Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairinent losses. Cost iiicliides 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 Equipinent l O % Straight Line 20 % Straight Line (g) Debtors and creditors receivable / 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 froni impairinent are recognised in expenditure. {h) Impairment Assets not ineasured 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 casli generating unit, is estimated and compared to the carrying amount. Wher¢ the carrying ainount exceeds its recoverable amount, an impairinent loss is recognised in profit or loss uiiless tlie asset is carried at a revalued amount where tlie iinpairinent loss is a revaluation decrease. (i) Provisions Basis of preparing the financial statements 16 ontinued...
Atlas Women's Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - continued Basis of preparing the finalleial stgtements 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 cali be reliably estimated. (i) 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 finaiice charge and the reduction of the outstanding lease l lability using the effective interest method. Tli¢ related obl igations, net of future finance charges, are included in creditors. Rentals payable and receivable under operating leases are cliarged 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-terin employee benefits to which the employees are entitled are recognised at the undiscounted ainount expected to be paid in exchange for that service. (l) Tax No provision is required for taxation as the company is defined as a cliarity for taxation purposes. (m) Going concern The financial stateinents have been prepared on a going concern basis as the trustees believe that no Inaterial iiiicertainties exist. The trustees have considered the level of funds Iield and the expected level of iiicome and expenditure for 12 months from authorising these financial statements. Tlie budgeted incoine and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. (n) Judgement5 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 th¢ aiT]ounts recognised in the financial statements and that have a significant risk of causing a mat¢rial adjusttnent to the carrying amounts of ass¢ts and liabil itics within tlie next financial year: (i) principal assuniptiotts used to measure Iiiu Iti-employer defined benefit pension schemes, l labilities, sensitivities to changes in assumptions and future fund ing obligations The estimates and assumptions are reviewed on an ongoiiig basis considering the current and future market conditions. (o) Pension costs and other post-retirement benefits 17 continued...
Atlas Women's Centre Notes to the Financial Statements - Continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - continued Basis of preparing the fin2nci21 statements The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable conipany's pension sclieine are charged to the Statement of Financial Activities in the period to whicli they relate. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estiinated useful life. Fixtures and fittings 200/0 Straight Line Related party exemption The cliaritable coiiipany has taken advantage of exemption, under tlie terms of Financial Reporting Standard 102 'Tlie Fiiiaiicial Reporting Standard applicable iii the UK and Republic of Ireland,, not to disclose related party transactions with wholly owned subsidiaries witliin the group. Taxation The compaiiy is a registered charity and so such is entitled to certain tax exemptions on incoine and profits from investinents and surpluses on any tradiiig 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 coinpany operates a defined contribution pension scheine. Contributions payable to tlie charitable coinpany's pension scheine are cliarged to tlie Stateinent of Finaiicial Activities in the period to wliich they relate. OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Enrolment Fees Bank Interest Received Cafe Sales Room Hire Fundraising and Donations Management Fee Suiidry Iiicomc The Mayors Charity 26,342 288 16,933 3,830 9,454 22,597 207 18,328 2,033 9,805 6,000 589 951 35,381 93,179 59,559 18 continued..
Atlas Women's Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2024 INCOME FROM CHARITABLE ACTIVITIES 31.3.24 31.3.23 Activity Grants Received Grants 268,199 258,257 Grants received, iiicluded in the above, are as follows: 31.3.24 31.3.23 LCCC Good Relations Department for CoiT]munities - WCCF National Lottery - Awards for All Lisburn & Castlereagh City Couiicil Harship Flind Clear Supported by Public Health Autliority (PHA) LCCC Community Support Soutli Eastern Healtli & Social Services Trust LCCC PCSP Departinent for Cominunities - CIF SE Clii Idcare Partnersliip Early Years-Pathway Fund Executive Office Good Relations Live Here Love Here LCCC-Festival Graiit Groundworks Tesco MAS Project CFNI Resurgam Department for Infrastructure Solace Womens Aid WRDA UKCRF Neiglibourly LCCC Queens Jubilee LCCC DIY Choice Housing Ark Housing National Lottery - Dorinat Accounts Fund Dfc - Cost of Living LCCC - King5 Coronation LCCC - Makiiig Art in the Coinmurlity WRDA Woinen Breaking Barriers 1,534 50,130 i 0,000 2,000 4,970 4,730 18,249 5,000 64,288 1,208 28,386 2,236 54,798 1,800 4,785 17,799 5,000 69,057 1,000 15,000 34,253 1,800 1,000 9,996 I3,405 100 i 0,000 6,852 13,377 1,300 500 960 735 3,603 2,325 38,400 1,500 500 930 18,150 268,199 258,257 19 continued...
Atlas Women's Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2024 SUPPORT COSTS Governance costs Finance Totals Direct Expenses Governance 1,027 120 3,420 1,147 3,420 1,027 3,540 4,567 NET INCOMEI(EXPENDITURE) Net income/(expenditure) is stated after chargiiig/(crediting)'. 31.3.24 31.3.23 Accountancy Fee Depreciation owned assets 3,540 80,874 3,613 80,874 TRUSTEES, REMUNERATION AND BENEFITS There were no trLlStees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were iio trustees, expenses paid for the year ended 31 Marcli 2024 nor for the year ended 31 March 2023. STAFF COSTS 31.3.24 31.3.23 Wages and salaries Social security costs Otlier pension costs 150,195 6,381 8,379 147,572 5,116 8,928 164,955 161,616 Th¢ average monthly number of employees during the year was as follows: 31.3.24 31.3.23 Manageinent & 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 2024 TANGIBLE FIXED ASSETS FixtLires and fittings Freehold property Totals COST At l April 2023 and 31 March 2024 808,724 42,792 851,516 DEPRECIATION At l April 2023 Cliarge for year 333,830 80,874 42,792 376,622 80,874 At 31 March 2024 414,704 42,792 457,496 NET BOOK VALUE At 31 Marcli 2024 394,020 394,020 At 31 March 202J 474,894 474,894 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 SEHSCT DfC- WCCF DfC- CIF PHA Clear WRDA LCCC Executive Office Central Salta Services (Nl) Limited 4,656 2.712 4,281 1,912 1,136 994 451 233 10,654 106,954 106,954 117,801 125,388 21 continued.
Atlas Women's Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2024 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Bank loans and overdrafts (see note 12) Accruals and deferred iiicome 10,648 3,420 15,905 5,791 14,068 21,696 11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.3.24 31.3.23 Bank loans (see note 12) 14,229 27,326 12. LOANS An analysis of the Inaturity of loans is given below.. 31.3.24 31.3.23 Amounts falling due within one year on demand.. Baiik loans 10,648 15,905 Amolints falling between one and two years.. Bank loans - 1-2 years 14,229 15,905 Amounts falling due between two and five years.. Bank loans 2-5 years 11,421 13. SECURED DEBTS The following secured debts are included within creditors: 31.3.24 31.3.23 Bank loans 24,877 43,231 Two Coinpany Charges were created during the year endiiig 31 March 2018. A, Created on 16 October 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 Financial Statements - continued for the Year Ended 31 March 2024 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted funds funds Fixed assets Current assets Current liabilities Loiig term liabil ities 168,210 168,254 (19,558) (14,229) 225,810 27,890 5,490 394,020 196,144 (14,068) (14,229) 474,894 159,420 (21,696) (27,326) 302,677 259.190 561,867 585,292 15. MOVEMENT IN FUNDS Net movement in funds At 3113124 At 114123 Unrestricted funds General fund 297,782 4,895 302,677 Restricted funds Department for Coininunities-CIF Groundwork Nl (Capital) Lisburn & Castlereagh City Couiicil Hardship Fund Big Lottery Space and Place (Capital) Garfield Weston (Capital) MAS Project LCCC Urban Investment (Capital) LCCC Coinmuiiity Facilities (Capital) Neighbourly National Lottery - Dormat Accounts Fund 1,205 40,000 (1,205) (5.000) 1,404 200,226 20.000 3,375 12,000 8,000 1,300 (1,404) (39,423) (2,500) 5,812 (1,500) ( 1,000) (1,300) 160,803 17,500 9,187 10,500 7,000 19.200 19,200 287,510 (28.320) 259,190 TOTAL FUNDS 585,292 (23,425) 561,867 23 continued...
Atlas Women's Centre Iyotes to the Financial Statements - eontlnued ror the Year Ended 31 Mareh 2024 15. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows: Iiicoiniiig resources Resources expended Moveinent in funds Unrestricted funds General fund 93,179 (88,284) 4,895 Restricted funds Departineiit for Communities-CIF Dfc WCCF Groundwork Nl (Capital) SEHSCT National Lottery - Awards for All CLEAR supported by Public Health Autliority (PHA) Lisburii & Castlereagh City Council Hardship Fund Good Relations Grant LCCC Cominunity Support Big Lottery Space and Place (Capital) LCCC PCSP Childcare Partiiership Garfield Weston (Capital) Early Years Patliway Fund Grouiidworks Tesco MAS Project LCCC Urbaii Investinent (Capital) LCCC Cominunity Facilities (Capital) Neighbourly Choice Housing Ark Housing National Lottery - Dormat Accounts Fund Dfc - Cost of Living LCCC - Kiiigs Coronation LCCC - Making Art in the Community WRDA Woinen Breaking Barriers 64,288 50,130 (65,493) (50,130) (5,000) (18,249) ( i 0,000) (1,205) (5,000) 18,249 10,000 4,970 (4,970) 2,000 1,534 4,730 (3,404) (1,534) (4,7JO) (J9,423) (5,000) (1,208) (2,500) (28,386) (1,000) (4,184) (1,500) ( 1,000) (2,600) (3,603) (2,325) (1,404) (39,423) 5,000 1,208 (2,500) 28,386 1,000 9,996 5,812 (1,500) { 1,000) (1,300) 1,300 3,603 2,325 38,400 1,500 500 930 18,150 (19,200) (1,500) (500) (930) (18,150) 19,200 268,199 (296,519) (28,320) TOTAL FUNDS 361,378 (384.803) (23,425) 24 continued.
Atlas Women's Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2024 15. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net moveinent in funds At 3113123 At 114122 Unrestricted funds General fund 338,248 (40,466) 297,782 Restricted funds Departmeiit foi. Coininunities-CIF Groundwork Nl (Capital) Lisburn & Castlereagh City Council Hardship Fund Big Lottery Space aiid Place (Capital) Garfield Weston (Capital) MAS Project LCCC Urbaii Iiivestmeiit (Capital) LCCC Community Facilities (Capital) Neighbourly 1,205 (5,000) 1,205 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,lJ9) 287,510 TOTAL FUNDS 667,897 (82,605) 585,292 25 continued...
Atlas Women's Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2024 15. MOVEMEIYT IN FUNDS - continued Comparative net Inovement in funds, included in the above are as follows- Incoming resources Resources expended Moveinent in funds Unrestricted funds General fuiid 59,559 (100,025) (40.466) Restricted funds Departinent for Communities-CIF Dfc WCCF Groundwork Nl (Capital) Lisburii & Castlereagli City Council Hardship Fund Good Relatioiis Grant South Eastern Health Social CareTrust LCCC Community Support Big Lottery Space aiid Place (Capital) LCCC PCSP Childcare Partnership Garfield Westoii (Capital) Early Years - Pathway Fund Executive Office Central Good Relatioiis Live Here Love Here Lisburii & Castlereagh City Council-Festival Grant MAS Project CFNI Resurgam Departinent for Infrastructure Solace Womeiis Aid WRDA UKCRF LCCC Urbaii Investinent (Capital) LCCC Coinmuiiity Facilities (Capital) Neiglibourly 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 (J4,253) (1,800) 3,500 13,405 loo i 0,000 6,852 13,377 (3,500) (10.030) (100) ( i 0,000) (6,852) (lJ,377) (1,500) ( I ,000) 3,375 (1,500) ( 1,000) ,300 1,300 500 960 735 (500) (960) (735) 258,257 (300,396) (42,139) TOTAL FUNDS 317,816 (400,421) (82,605) 26 continued...
Atlas Women's Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2024 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 £1 1,200 from DOF Covid Localised Scheme. This amount was fully repaid during the year. 17. RELATED PARTY DISCLOSURES Salta Services (NI) Limited is a related party. Atlas Woinen's Centre paid a total of £28,000 to Salta Services (Nl) Limited for rent during the year ended 31 Marcli 2024. At tlie year ended 3 l Marcli 2024 Saltas Services (Nl) Liinited owed Atlas Woinen's Centre £106.954. Salta Services (Nl) Limited is a social enterprise. 18. 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 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Other trading activities Enrolmeiit Fees Bank Iiiterest Received Cafe Sales Rooin Hire Fuiidraising and Donations Manageinent Fee Sundry Income The Mayors Cliarity 26,342 288 16,933 3,830 9,454 22,597 207 18,328 2.033 9,805 6,000 589 951 35,381 93,179 59,559 Charitable activities Grants 268,199 258,257 Total incoming resources 361,378 317,816 EXPENDITURE Charitable 9¢tIVAties Salaries and NIC Social security Pensions Water rates Insurance Liglit and heat Telephone Postage Staff and Volunteer Travel Facilitator Fees and Prograinme Materials Affiliation and Membership fee Rent aiid Room Hir¢ Hospitality aiid Meetings costs IT Maintenance Staff Uniforms Staff Training Food Purchases Doiiations Resources and Equipment Repairs aiid Mainteiiance Carried forward 150,195 6,381 8,379 962 2,993 5,ii7 5,634 1,094 770 28.812 17.682 28,000 443 243 147,572 5,116 8,928 391 2,468 6,874 5,257 1,007 724 56,085 11,473 28,000 1,274 1,358 49 824 5,116 1,050 3,968 6,299 293,833 134 5,912 3,087 24,803 290,861 This page docs not form part of the statutory financial stateinents 28
Atlas Women's Centre Detailed Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 Charitable activities Brought forward Programme Costs Depii of iinprovements to property Bank loan interest 290,861 293,833 18,279 80,874 2,889 80,874 1,464 380,236 395,875 Support costs Finance Bank charges 1,027 933 Governance costs Accountancy Fee 3,540 3,613 Total resources expended 384,803 400,421 Net expenditure (23,425) (82.605) This page does not form part of th¢ statutory financial statements 29