FIRST STEPS WOIIIEN'S CENTRE
(A company limited by guarantee)
Report and Financial Statements
Year ending 31 March 2023
Company number: N1066869
Charity Commission Number: NIC 101202
Charity number: XR27582

FIRST STEPS WOMEN'S CENTRE
Contents
Mission Statement
Report from Chairperson
Report from Chief Executive
Trustees, report
8-14
Auditors, report to the trustees
15-18
Statement of Financial Activities
19
Statement of Financial Position
20
Statement of Cash Flows
21
Notes to the fmancial statements
22-32

FIRST STEPS WOMEN'S CENTRE
MISSION STATEMENT
Supporting iyomen's professional and personal development through education and training.

FIRST STEPS WOMEN'S CENTRE
This has been a year of upheaval, change and moving forward.
In our 2022 report our previous Chairperson, LA)uise Mallon quoted Gandhi. In 2023 this is still a very poignant
quote:
"The future depends on what we do in the present"
First Steps Women's Centre was bracing itself for the end of the European Social Fund (ESF) funding. Just like 63
other organisations, the Centre was facing at worst, total closure and at best, the deckmation of staff, programmes and
services. There were many unknowns and this added to the stress. There were rumours of a possible extension to the
programme giving some hope. However, wÉth no Executive in place any hope evaporated by the time January-
February 2023 came around.
Reverting back to Gandhi's quote, I can safely say that the Board had prepared for the loss of ESF funding. The
amount of funding lost was over £275,000 equating to approximately 60 % of the total fundillg for the previous year.
FSWC could not survive if other fiLnding was not identified and put into place.
Yet that is what the Senior Management Team managed to do. They had prepared for the fvture by seeking fLmding
from a number of sources. These included the Big Lottery and the UK Shared Prosperity Fund.
In December 2022, FSWC received great news from The Lottery. FSWC had been successful in a five-year bid to
fund a Wellbeing Programme. This was brilliant news given that things were beginning to look a lot gloomier by th¢
day. There was a realisation that this funding on its own would not be able to save the Centre and staff. FSWC was
still edging closer and closer to the precipice.
FSWC had also been working in the background since December 2021 to identify partners for an additional
programme- The UK Shared Prosperity Fund. This programme was something that could help cover the loss of the
ESF funding. The aim and objectives were similar. FSWC was approached in December 2022 by SW FE College to
be part of a consortium bid for the funding. This bid was successful. The funding was announced on Friday 31"
March 2023.
Loss of 62 years, Experience
Sadly, on Thursday 30 March, FSWC had made five staff redundant due to the end of the ESF progratnme.
Unfortunately the news of funding from the Shared Prosperity Fund was too late for these staff. Like so many
community and voluntary organisations across the province the end of ESF was felt deeply and personally at First
Steps Women's Centre. I want to pay a huge complement to the staff who left, for their professioiialism, their
inte￿ity, their dignity and their caring for all things at First Steps Women's Centre. These staff continued to work
right up to the very end never once holding back. They gave their all.
The Board had prepared for the loss of staff from October and the issue of the end of ESF funding had always been a
standing item on Board Agenda's for at least the previous 12 months.
My role was to lead the Board and through the rcdundancy process and to ensure that all processes and
procedures were followed correctly. In my opinion FSWC followed the proper and laid down procedures in a caring,
friendly and sometimes emotional manner.

FIRST STEPS WOMEN?S CENTRE
The Future
As I reflect on the past year it never ceases to amaze me what First Steps Women's Centre continues to do. The
worK the programmes and the sheer number of nationalities attending the Centre.
You can see for yourself in this report the numbers of women attending, the types of progranLmes and also the
cooperation between various other organisations.
I want to thank personally all our staff, our volunteers, our tutors, our supporters and our fvnders for making this
Centre the place that it is. Lastly, I want to recognise th¢ journey of the 450+ women and children thal came through
the doors during the past 12 months.
I believe that the future for First Steps Women's Centre is secure and safe because of what the Board and the
organisation has done in the past and present. Ghandis words will thive the Board and FSWC to keep moving
forward, to keep planning and to follow and maintain a professional and caring standard of governance.
Maria McGilly,
Chalrperson

FIRST STEPS WOMEN'S CENTRE
Chief Executive's Report April 2022 - March 2023
This has been the best of years and also the worst of years!
First Steps Women's Centre (FSWC) lost five staff in March 2023 with a culminated 62 years of experience. These
staff had worked so hard, so diligently and professionally givillg their all. They were made redundant as a result of
the end of the European Social Fund (ESF) programme. FSWC had been in receipt of European Social Fund funds
since 2008. The impact has been felt across the whole of Northern Ireland with many conllnunity and voluntary
groups suffering the same fate.
FSWC lost professional, dedicated and loyal people. They gave their all to ensure that tbis organisation was a strong
pillar within the Mid Ulster community. Right up until they left on 30 Marcm they continued to work to deliver a
wide variety of programmes and courses for women.
In October 2022 all the main political parties came to FSWC to hear about the impending in]pact of losing ESF
funding. The community and voluntary organisations came together to lobby MLA'S, MPS and Pennanent
Secretary's. Despit¢ encouraging responses from all parties the European Social Fund ceased on 31" March. This left
dozens of community groups and communities with a mammoth task to find ￿ndIllg to replace a very effective and
well managed fund.
Programmes and Courses April 2022-March 2023
FSWC has noted an improvement in numbers attending this year compared to last year. This year, FSWC provided
44 different courses with 543 places. The evidence suggests that the days of people fearing to go out because of the
spectre of Covid-19are waning if not totally gone.
Lifeskills
This past year has brought some new and some not so new courses. Our Lif¢skills programme continues to provide
English for Speakers of Other Languages (ESOL) to multiple llationalities. This year there were nine different
nationalities.(Please see the Lifeskills report to find out where these women came from.)
Lifeskills also continues to offer Essential Skills in Literacy. The Centre is now witnessing a number of the migrant
women progressing into our Literacy prograjnme. That is clear evidence of the progress these women are making in
their level of English. They have very good tutors in Louisc Canieron and Una Quinn who have taught ESOL at
FSWC for over l O years.
Wellbeing
The one area whicb has witnessed a continued increase in demand is our Wellbeing PrO￿all]meS. During this past
year there has been 31 different courses and 516 places provided. There was quite a lot of interest in the Chiuese
Brush Strokes art class, Tai Chi, Chi Me and Forest Bathing. Please read the Wellbeing Report and Testimonies from
participants who have felt their mental health and lives have improved as a result of attending one of these courses.

FIRST STEPS WOMEN'S CENTRE
Cultural Program]ne
This continues to develop. With more than l O nationalities learning alongside each other at First Steps Women's
Centrc the place is an eclectic cauldron of people with n￿lly diverse backgrounds. This programme funded by The
Executive Office under their Minority Ethnic Development Fund, was responsible for the first "Human Library"
event at FSWC. The aim of the Human Library is to better our understanding of diversity in order to help create
more inclusive and cohesive communities acTOSS cultural, religious, social and etl)nic differences.
The event in February was a great success. The participants included the PSNI, Orange Order, Sinn Fein, St Patrick's
Academy and women from a local Church group. FSWC seeks to provide more of these opportULuties as a means of
promoting and developing greater understanding, respect for differences and to engender better Good Relations.
ExternaI Evaluation
FSWC commissioned an External Evaluation in October 2022. This included focus groups and an online survey in
multiple languages. I have included some of the testimonies within this Annual Report. The conclusion of this
independent evaluation highlights the ¢oJJtinued positive impact that FSWC has on women.
Support Services
FSWC recognises the many baLTiers that exist for women seeking to attend the Centre. Special thanks to Karen and
Ann who gave up their time freely as volunteers to provide much needed counselling. Also to our Childcare Staff
and to Franco our Minibus Driver. Without tbese serviccs retention and attendance would be a lot less.
In Conclusion
Despite the loss of one third of staff First Steps Women's Centre has rallied well to continue the magnificent work
that it does. The successes of funding applications through Lottery and UK Sbared Prosperity Fund has steadied the
ship. It has given FSWC a hope and a future. This in turn gives hope and a future for the women who atlend and wat
to attend here.
Without tbe help and conjjnitment of the Board, Staff, Volunteers, Funders and Tutors our Centre would not exist the
way that it does. I aln extremely proud of the work and the impact that continues to be achieved.
Thanks
Finally, I would like to thank all the staff, Directors and volunteers who made this year a great year not only for the
women but for tkne whole community.
Michael McGoldrick
Chief Executive

FIRST STEPS WOMEN'S CENTRE
Report of the trustees for the year ending 31 March 2023
The trustees are pleased to present their annual directors, report together with the financial statements of the charity
for the year ending 31 March 2023 which are also prepared to meet the requirements for a directors, report and
accounts for Companies Act PU4)oses.
The financial statements comply with the Charities Act 2008, the Companies Act 2006, the Memorandum and
Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicablc
to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in tbe UK and
Republic of Ireland (FRS 102) (effective l January 2019).
Our purposes and activities
Charity's Vision:
Confident women empowered to participate in and influence society.
Charity's Mission:
Supporting women'sprofessional andpersonal developmenl through education and
training.
Charity's Values:
We value integrity, honesty and recognise our unique contributton
We welcome all equally
We value accountability and promote quality through continued reflection and improvement
We use a person-centred approach, realising individual potential
Our own constitution states that our objects include the:
(a)
relief of unemployment among women in such ways as may be thought fit, including assistance to find
employment.
advancement of educatio￿ training or retraining and providing unemploycd women with work
experience;
provision of recreatlollal facilities for women or those who by reason of their youth, age, infmity or
disablement, poverty or social ￿]d economic circumstances, have need of such facilities,.
preservation and protection of health of womcn and the provision of childcare.
development of the capacity and skills of women in the area of benefit in such a way that they are
better able to identify, and help meet, their needs and to participate more fi]Ily in society.
promotion of social inclusion, equality of opportunity and good relations across all diversity strands,
including race, ethnicity, age, sexual orientation, religion and disability and to encourage diversity.
establishment or securing the establishlljent 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.
pron]otion of all or any objects for the benefit of women who live in Mid Ulster (the "area of benefit")
which now or hereafter rnay be deemed by law to be charitable.
(b)
(c)
(d)
(c)
(fj
(g)
(h)
As an integral part of the Mid Ulster community and voluntary sector the Charity continues to focus on the personal
development of women for the benefit of the wider community. The charity also has the general aim of contributing
to the quality of life of the women in our community by expanding their horizons througb the provision of exciting,
challenging and acccssible educational courses.

FIRST STEPS WOMEN'S CENTRE
In shaping our objectives for the year and planning our activities, the trustees have considered the Charity
Commissions guidance on 'Public Benefit: Running a Charity ￿B2),. The Centre relies on grant income to cover its
operating costs.
We endeavour to encourage all within our community to take part in our courses and programmes. The stratcgies
employed to achieve the charity's aims and objectives are to.
present a range of courses for the enjoyment and advancement of education to women in our community.
offer opportunities for women in our community to get involved in exploring their creative powers.
provide facilities for women and children to develop"
celebrate the diversity of cultures in our society by progiamming courses by, and with, tutors of different
cultural backgrounds.
Financial review
The income and expenditure for the year is detailed in the accounts.
A major financial concern for the Centre as with any charity will be the ongoing financial sustainability froin funding
in the years to come. The trustees are aware of thc need to maintain free reserves, especially in the current ecoiiomic
clunate. Continual fvnd raising will be necessary in order to retain sufficient levels of reserves.
We would like to acknowledge the continued support of our funders as referred to in note 4 in the accounts. It is
important to recognise that without their funding really does make an impact. It contributes to improve confidence
and prepares women to become empowered.
The income for the year was £533K of which £518K was received as grant funding. The expenditure of £560K is
expended on charitable activities.
The balance of funds at 31 March 2023 was £739K of which £324K was unrestrioted incom¢ of which £150K
designated funds and £415K restricted funds.
Reserves policy and Plans for the future
Reserves are n¢eded to bridge the gap between the spcnding and receiving of income as well as to cover unplanned
emergcncy repairs and other expenditure. The trustees consider that the ideal level of rcserves as at 31, March 2023
would be £150k. These are unrestricted incoine funds freely available for use as the charity so deterniines and
excludes any funds committed to revenue expenditure or to be invested in tangible fixed assets.
Without the support of the European Social Fund, Department for Economy and Department for Communities, it is
doubtful that the Centre could continue operating. The trnstees are endeavouring to ensure the success of FSWC with
a coinbination of measures by offering a creative programme that caters for women from all backgrounds and
cultures within our community.
The European Social Fund (ESF) programme in Northern Ireland ended 31 March 2023, it will leave a huge funding
gap in the community. There was a promise made by the UK Government that ESF funding would be replaced
pound for pound. This replacement funding, known as UK Shared Prosperity Fund (UKSPF) will come online in
April 2023. However, it has become clear that it will not be a 100% replacement of the ESF Funding. It looks like
this fund will represent around 40-500/0 of ESF funding.
The damage to community and voluntary infrastructure due to the loss of ESF funding (a loss of £27.3million
annually within NI) És massive. A total of 63 organisations received ESF Funding during the final call in April 2022.

FIRST STEPS WOIVIEN'S CENTRE
All of these organisations will now be at risk due to the end of funding and also the fact that there will not be a 100 %
replaceinent fijnd. The loss of ESF funding will leave a £275k deficit per annum in First Steps Women's Centres
budget. This is approximately 600/0 of the overall budget and is a massive gap in FSWC'S funding and finances.
By March 312023 FSWC had already £200k in place for the year 2023-24. This equates to 400/0 of the annual
funding. FSWC has sought to identify alternative funding from a number of different sources. These include Peace
Plus and the UKSPF. However, at this time (March 2023) there is nothing definitive from Peace Plus and the
UKSPF. An application madc to the Lottery for £485k over five years was successful and FSWC received
notification of this in December 2022. This equates to £97k per annum.
The loss of funding has had repercussions for the staff, the Centre and the broader community of Mid Ulster. At the
end of March 2023. we bid farewell to five staff that were made reductant due to the end of the ESFIDFE funded
project Women into Education and Employment.
The trustees having reviewed the financials of the Centre consider that with future reduccd available resources th¢
Centre would have to consider operating on a 3-day week albeit with a potential reduced capacity. The trustees and
staff and volunteers recognise the impact this would have on the users of the Centre. their families, staff and wider
community. There could be a reduction in the levels of Wellbeing, Life skills and IT programmes. Services such as
our Creche and Minibus Transport would also bc reduced and the withdrawal of our Benefit Checking Service.
With current world-wide events, and its impact being felt globally, First Steps Women's Centre is helping displaced
families in providing a nourishing environment to feel secure and grow in confidence to enable them to integrate in
our community. The importance of contributions from Centre's like ourselves should never be allowed to be
underestimated and to go unrecognised. Experience and feedback are indicators of the immeasurable value that
FSWC has contribut¢d to users and their families. And like all women who have attended this Centre who have
never given up, we too at FSWC, will strive to ensure that we can continue to operate a 5- day week.
FSWC will continue to seek to build up reserves and to attract funding from other nongovernmental sources.
The charity's largest source of grant funding was for the Women Towards Education & Employment (WTEE) project
funded by the Department for the Economy's Northern Ireland European Social Fund programme. This programine
has ceased. It is hoped that First Steps Women's Centre will continue to deliver similar programmes through the UK
Shared Prosperity Fund (UKSPF).
Furtherniore, the First St¢Ps Women's Centre receives funding from the Department for Communities for core salary
costs. Due to the uncertainty arising from the lack of an operational Executive at Storn]ont, this funding is Currently
confim]ed until March 2024. Thc trustees have a reasonable expectation that this funding will be extended. however
are also planning to mitigate the risk of funding not being secured by sourcing alternative funding and considering
alternative income streams. The trustees have also considered the extent to which activities and expenditure should
be curtailed, should circumstances arise.
The Trustees havc examined the charity's requirements for reserves considering the main risks to the organisation
and established a formal policy which stipulates that free reserves be maintained at a level which ensures that the
charity's core activity could continue during a period of unforeseen difficulty. Free reserves are defmed by the
Trustees as unrestricted income funds freely available for use as the charity so deternlines and thereby excludes any
funds committed, invested in tangible fixed assets held by the charity and restricted or designated funds.
io

FIRST STEPS WOMEN'S CENTRE
It is the policy of the charity that unrestricted ￿llds which have not been designated for a specific use should be
maintained at a level equivalent to a rtLinimun] to three month's expenditure. The Trustees consider that reserves at
this level will ensure that, in tbe event of a significant drop in funding, they will be able to continue the charity's
current activities while consideration is given to ways in which additional fimds may be raiscd.
Based on tkle year ended 31 March 2024 projected expendittire (excluding depreciation and non-recurring costs) of
£425K, the target level of designated reserves is £150K. Free reserves of the charity as at 31 st March 2023 are
£325K of which £150K has already been designated to reserves. The Trustees are pleased to confirm that the charity
is compliant with its reserves policy. The Trustees continue to strive to maintain a general level of reserves in
accordance with their policy so that they will be able to continue the Cu￿ent activities of the chaTity.
Reference and administrative details
Registered Office: 21a William Street, Dungannon, Co Tyrone, BT70 IDX.
Our advisers
Auditor"
E A Grimley & Co Limited,16 Clonoc Village Business Park, 98 Washingbay Road, Clonoe
Dungannon, Co Tyrone, BT7149U
Danske Bank Limited, Market Square, Dungannon, Co Tyrone
P Haughey, William Street, Dungannon, Co Tyrone B T70 IDX
Bankers.
Solicitors.
Key management personnel First Steps Women's Centre: Trustees, and Directors
Directors and trustees
The directors of tbe charitable company (the charity) are its trustees for the pu4)ose of charity law.
The trustees and officers senring during the year and since the year end were as follows..
Chair..
Treasurer
Maria McGilly
Katalin Hajdu
Paula Smyth
Wendy Wigton
Edel Cunningham
Siobhan Wallace
Nicola Quinn
Marli Wilson
Geraldine McAuley
Mary O'Neill
Louise Mallon
Helen O'Donnell
Janice Mcmullan
appointed
appointed
resigned
resigned
resigned
resigned
resI￿]ed
26 September 2022
30 November 2022
26 September 2022
26 September 2022
16 November 2022
16 November 2022
30 November 2022
li

FIRST STEPS WOMEN'S CENTRE
Key management personnel:
Senior managers of First Steps Women's C¢ntre:
Chief Executive Officer:
ESF/DtE Project Manager
Michael McGoldrick
Yvonne Corbett
Structure, Governance and Management
Governing Documejjt
First Steps Women's Centre is a Company Limitcd by Guarantee governed by its Memorandum and Articles of
Association updated on 6 October 2021.
It is a registered charity with the Charity Commission Northern Ireland. The registration number is NIC 101202.
Tbe charity was registered as a charity under the Coo)oration Taxes Act 1988, registration number XR 275 82. First
Steps Women's Centre is registercd with the Financial Conduct Authority, The registration number in FRN'.618755
Appointment of trustees
As set out in the Articles of Association the maximum Board members shall be l O and the minimum number 5. One
third of the meinbers shall be co-opted by way of public advertisement. All members are circulated with invitstions
to nominate trustees prior to the AGM advising them of the retiring trustees and requesting nominations for the
AGM. When considering co-opting trustees, the Board has regard to the requirement for any specialist skills needed.
Trustee induction and training
New trustees undergo an orientation session to brief them on: their legal obligations under charity and company law,
the Charity Collunission guidance on public benefit, and infomi them of the content of the Memorandum and
Articles of Association, the committee and decision-making processes, the business plan and recent financial
perforniance of the charity.
Any person wishing to become a board member must apply in writing for approval by the Trustees. It is a requirement
that the board members attend an induction process covering good governance. During the induction they meet key
employees and other trnstees. Trustces are encouraged to attend appropriate external training events where these will
facilitate the undertaking of their role.
Organisatioll
The board of trustees, which can have up to 10 members, administers the charity. The charity is managed by the
Trustee Board, which meets at least 6 times per year.
The clwity CEO liaises between meetings with the Chair and Treasurer to ensure the smooth running of thc
organisation.
To facilitate effective operations, the CEO has delegated authority, within tenns of delegation approved by the
trnstees, for operational matters Éncluding fmance, employment.
12

FIRST STEPS WOMEN'S CENTRE
Related parties and co-operation witb other organisations
None of our trustees receive remuncration or other benefit from their work with tbe charAty. Any connection between
a trustee and senior manager of the charity with a funder must be disclosed to the full board of trustees in the same
way as any other contractual relationship with a related party. In the current year no such related party transactions
were reported.
Pay policy for senior staff
The rates of pay are in line with tbe NJC scale.
Risk management
The trustees kLave a risk management strategy which comprises:
an annual review of the principal risks and uncertainties that the charity may face
the establishment of policies, systems and procedures to mitigate those risks identified in the annual review;
and
the implementation of procedures designed to minimise or manage any potential itnpact on the charity
should those risks matcrialise.
This work has identified that fmancial sustainability is the major fmancial risk for the charity. A key element in the
mallagement of fmancial risk is a regular review of available liquid ￿llds to settle debts as thcy fall due, regular
liaison with the CEO to ensure sufficient working capital by the centre.
Attention has also been focussed on non-fmancial risks arising from r￿c, health and safety staff, volunteers and
clients. These risks are managed by ensuring accreditation is up to date, having robust policies and procedures in
place and regular awareness training for staff working in these operational areas.
Trustees, responsibilities in relation to the financial statements
The Charity Irustees (who are also the directors of the First Steps Woinen's Centre for the purposes of company law)
are responsible for preparing the trustees, annual report and financial statements in accordance with applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accoullttng Practice).
Company law requires the charity trustees to prepare financial statements for each year which
give a true and fair view of the stat¢ of affairs of the clwitable company and of the incoming resources and
application of resources, including tbe income and expenditure, of the charitable company for that period.
preparing the fmancial statemeiits, the trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent.
state whether applicable UK accounting standards have been followed, subject to any material departures
disclosed and explained in the flljancial statements. and
prepare the fmancial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time
the financial position of the charitable company and to enable thein to ensure that the financial statements comply
with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking
reasonable steps for the prevention and detection of fraud and other Arregularities.
13

FIRST STEPS WOMEI¥I'S CENTRE
The trustees are responsible for the maintenance and integrity of the corporate and fmancial
inforniation included on the charitsble company's webstte.
Statement as to disclosure to our auditors
In so far as the trnstees are aware at the time of approving our trustees, annual report:
there is no relevant infonnation of which the charitable company's auditor is unaware, and
the trustees, having made enquiries of fellow directors have each taken all steps that helshe is obliged to take
as a director in order to make themselves aware of any relevant audit inforn]ation and to establish that the
auditor is aware of tbat infortnation.
Auditors
E A Grimley & Co are deemed to be reappointed in accordance with section 487(2) of the Companies Act 2006.
This report was approved by the board of trustees and signed on its behalf by the chai4)erson
Maria
CGI
(Chairperson)
Dated: 22nd November 2023
14

FIRST STEPS WOMEN'S CEIYTRE
Independent Auditor's report to the members of First Steps Women's Centre
Opinion on financial stateDJents
We have audited the financial statements of First Steps Women's Centre (the 'charity') for the ycar ended 31 March
2023 which comprise the statement of Financial Activities, statement of fll]ancial position, and related notes including
a surnmary of significant accoullting policies. The financial reporting framework that has been applied in their
preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102
The Finai7cialReporting Standard applicable in ihe UKandRepublic ofIreland (United Kingdom Generally Accepted
Accounting Practice).
In my opinion the financial statements..
give a true and fair view of the state of the charity's affairs as at 31 March 2023 and of its incoming resources
and application of resources for the year then ended.
have been properly prepared in accordance witb United Kingdom Generally Accepted Accounting Practice.
have been prcpared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law.
Our responsibilities under those standards are further described in the Auditor's responsibilitics for the audit of the
accounts section of our report. We are independent of the charity in accordance with ethical requirements that are
relevant to our audit of the accounts in the UK, including the FRC'S Ethical Standard. in the circumstances set out in
note 22 to the financial statements, and we have fulfilled our ethical responsibilities in accordan¢e with these
requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to pmvide a basis for
our opinion.
Conelusions relating to going concern
Jn auditing the fll]ancial statements, we have concluded that the Trustees, use of the going concern basis of
a¢countillg in the preparation of the financial statements is appropriate.
Based on the work we have perfomied, we have not identified any material uncertainties relating to events or
conditiolls that individually or collectively, may cast significant doubt on the charity's ability to Continue as a
going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustecs with respect to going concern are
sections of this report.
Other Information
The other information comprises the information included in the annual report, other than the accounts and our
auditor's report thereon. The Trustees are responsible for the other inforn]ation contained within the annual report.
Our opinion on the fmancial statements does not cover the other inforn￿tIon and, except to the extent othenvise
explicitly stated in our report, we do not express any forn] of assurance conclusion thereon. Our responsibility is to
read the other inforniation and, in doing so, consider whether the other infonnation is materially inconsistent witb tbe
accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such
material inconsistencies or apparent material misstatements, we are required to deterniine whether there is a material
misstatement in the accounts or a material misstatement of the otber infonnation. If, based on the work we have
15

FIRST STEPS WOMEN'S CENTRE
Indepejjdent Auditor's Report (Continued)
perfonned, we conclude that there is a material misstatement of this other information, we are required to report that
fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
the information given in the Trustees, report for th¢ financial period for which the accounts are prepared is
consistent with the accounts. and
the Trustees, Report has been prepared in accordance with applicablc legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Trustees and its environment obtained in the course of the audit,
we have not identified material misstatements in the Trustees, Report.
We hav¢ nothing to report in respect of the following matters in relation to which the Compani¢s Act 2006 requires us
to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for my audit have not been received from
branches not visited by us. or
the fmancial statements are not in agreement with th¢ accounting records and the returns" or
certain disclosures of directors, remuneration specified by law are not made. or
we have not received all the inforn]ation and explanatlons I require for our audit.
the Trustees were not entitled to prepare the financial statements in accordance with the small companics,
regime and take advantage of the small companies, exemptions in preparing the Trustees, report and from the
requirement to prepare a strategic report.
Responsibilities of Trustees
As explained more fulky in the Statement of Trustees, Responsibilities, the Trustees, who are also directors of the
charity for the purposes of company law, are responsible for the preparation of the fmallcial statements and for being
satisfied that they give a true and fair view, and for such internal control as the directors deterniine necessary to
enablc the preparation of accounts that are free from material misstatement, whether due to fraud or error.
In preparing the fllmncial statements, the Trustees are responsible lor assessing the charity's ability to continue as a
going concern, disclosing as applicable, matters related to going concern and using the going concern basis of
accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no
realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the fmancial statements as a whole are free from
material misstatelnent, whether due to fraud or ￿TOr, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with
16

FIRST STEPS WOMEN'S CENTRE
Independent Auditor's Report (Continued)
ISAS (UK) will always detect a material misstatement when it exists. Misstatements Can arise from fraud or error and
are considered material if, individually or ill the ag￿egate, they could reasonably be expected to infiuence tILe
economic decisions of users taken on the basis of th¢se financial statements.
The extent to wl]ich our procedures are capable of detecting irregularities, including fraud, is dctailed below.
Extent to which the Audit was considered capable of detecting irregularities, including fraud
The objectives of our audit in respect of fraud, are: to identify and assess the risks of material misstatement of the
financial statements due to fraud. to obtain sufficient appropriate audit evidence regarding the assessed risks of
material misstatement due to fraud, through designing and implementing appropriate responses to those assessed
risks. and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the
primary responsibility for the prevention and detection of fraud rests with both management and those
charged with govemance of the charitable company.
Based on our undcrstanding of the charitable company and its operating environment, we detennined that the most
significant frameworks which have a direct impact on the preparation of the financial statements are those related to
the reporting frameworL (FRS 102, the Charities Act (Northern Ireland) 2008, The Charities (Accounts and Reports)
Regulations (Northern Lreland) 2015, the Charity SORP and the Companies Act 2006). Additionally, we concluded
that there are significant laws and regulations in relation to the company's charitable status and activities of which
non-compliance may have a matcrial effect on the fllwicial statements.
We assessed the susceptibility of the charitable company's financial statements to material misstatement, including
how fraud n]ight occur, including evaluating management's in¢eiitives and opportunities to manage earnings or
influence the reported results. From the resulis of our assessment, we detennined that the principal risks of fraud
relate to posting inappropriate journal entries and usc of clwity ftmds for PULyoses outside of restrictions imposed by
the donor. In common with all audits under ISAS (UK), we are required to perforn] specific procedures to respond to
the risk of management oVe￿Ide.
Audit response to risks identified
As part of an audit in accordance with ISAS (UK) we exercise professional judgement and maintain
professional scepticism throughout the audit. Audit procedures perfornied by the engagement team
included:
We obtained an understanding of the charitable company's internal control systems in order to
design audit procedures that are appropriate in the circumstances, but not for the puryoses of
expressing an opinion on the effectiveness of the charitable company's internal control.
We obtained an understanding of how the charitable company complies with relevant laws and
regulations, including those as a result of its registration with the Charity Commission for
Northern Ireland and charitable status with HM Revenue & Customs , by making enquiries of
management and those Charged with goven]ance.
Enquiry of mallagement, those charged with governance and the entity's solicitors around actual
and potential litigation and claims.
Enquiry of entity staff to identify any instances of non-compliance with laws and regulations.
Perforn]ing analytical procedures to identify any unusual or unexpected relationships t}￿t tnay
indicate risks of material misstatement due to fraud
Reviewing minutes of meetings of those charged with governance
17

FIRST STEPS WOMEN'S CENTRE
Reviewing financial statement disclosures and testing to supporting documentation to assess
compliance with applicable laws and regulations.
We test the completelless of income to address the risk of fraud in relatioll to revenue recognition
Auditing the risk of management override of controls, including t}￿OUgh testing journal entries
and other adjustments for appropriateness, and evaluating the business rationale of significant
transactions that are unusual or outside the nonnal course of business.
Auditing the risk of use of charity ￿ndS outside of restrictions imposed by the donor by review
of funding letters of offer to identify restrictions, and review of funding claims prepared by
management to check ¢onLpliance with restrictions.
We communicated relevant laws and regulations and potential fraud risks to all engagement teani members, and
remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. There
are inherent limitations in the audit procedures described above and the further removed non-compliance with laws
and regulations is from the events and transactions reflected in the fmancial statements, the less likely we would
become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not
detecting one resulting from error, as fraud may involve deliberate concealment through collusion, forgery,
intentional omissions, misrepresentations or the ove￿Ide of internal control.
A fvrther description of our responsibilities for the audit of the accounts is located on tbe Financial Reporting
Council's website at: htt :/lwww.frc.or
.uklaudilorsres
onsibililes. This description forms part of our auditor's
report.
Use of our report
This report is ll￿de solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16
(Section 495) of the Companies Act 2006 and regulations made under that Act. Our audit work has been undertaken
so that we might state to the charitable company's members those matters we are required to state to them in an auditors,
report and for no other pu￿oSe. To the fullest extent permitted by kaw, we do not accept or assume responsibility to
anyone other than the charitable company and its members as a body. for our audit work, for this report, or for the
opinions we have fornied.
Ethna Grim
cy (Senlor Statutory Auditor)
for and on behalf of E A Grimley & Co Litllited
Dated 22. November 2023
Chartered Accountants and Statutory Auditor
16 Clonoe Village Park
98 Washingbay Road,
Clonoe, Dungannon,
Co. Tyronc,
BT714PU
18

FIRST STEPS WOMEN'S CENTRE
Statement of Financial Activities
(including incowe and expenditure account)
for year ending 31 March 2023
2023
2022
Unrestrieted
Funds
Restricted
Funds
Notes
Total Funds Total Funds
Income:
Activitiesfor generatingfunds
Donations and Legacies
14,502
14,502
10,464
Incomefrom charilable activities..
Grant Income
515,841
515,841
516,321
Capital Grants
Investment income
1,947
1,947
1,022
1,022
864
Total income
517 788
533 312
527 649
Expenditure
Expenditure on charitable activities..
Expenditure
54,390
505,838
560,229
480,869
Total expenditure
54,390
505,838
560,229
480 869
Net incomel(expenditure) and Det
movement ill funds for the year
(38,866)
11,950
(26,916)
46,780
Transfer between Funds
32,649
(32,649)
Reconciliation of funds
Total Funds brought fonvard
330,290
324,073
435,990
415,291
766,280
739,364
719,500
766 280
Total funds carried fO￿ard
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 22 to 32 form an integral part of these f￿anCIal statements
19

FIRST STEPS WOMEN'S CENTRE
Statement of Financial Position (balance sheet)
as at 31 March 2023
2023
2022
Note
Fixed assets
Tangible assets
Total Fixed Assets
13
349,454
349,454
379,101
379,101
Current assets
Debtors
Cash at bank and in halld
Total Current Assets
14
50,760
344,427
395,186
46,285
344,347
390,632
Liabilities
Creditors falling due within one year
15
5,277
3,453
Net Current assets
389,909
387,179
Net assets
739,364
766 280
The funds of the charity:
Unrestricted income funds
Designated Reserves
Restricted income funds
Total charity funds
16
16
17
174,073
150,000
415,291
739,364
180,290
150,000
435,990
766,280
These accounts are prepared in accordance wlth the special provisions of Part 15 of the Companies Act relating to
small companies and constitute the annual accounts requÈred by the Companies Act 2006 and are for circulatioll to
members of the company.
The fmancial statements were approved by the trustees on 22nd November 2023 and signed on its behalf:
Maria McGilly,
ChairPerson
Company Number: N1066869
The notes on pages 22 to 32 form an integral part of these financial statements
20

FIRST STEPS WOMEN'S CENTRE
STATEMENT OF CASH FLOWS
FOR YEAR EIYDING 31 MARCH 2023
Note
2023
2022
Cash used in operating activities
22
2113)
64,239
Cash flows from investing activities
Interest income
Purchase of tangible fixed assets
Cash provided by (used in) investing activities
1,022
864
(7,567)
6.703)
1,093)
Cash flows from financing activities
Repayment of bO￿owing
Cash used in f￿ancIng activities
Increase (decrease) in cash and cash equivalents in the year
(1,296)
57,536
Cash and cash equivalents at the beginning of the year
344,217
286,681
Total cash and cash equivalents at the end of the year
342,922
344,217
Per Bank
Per Creditors
344,427
1,505
342,922
344,347
130
344,217
Tbe notes on pages 22 to 32 form an integral part of these financial statements
21

FIRST STEPS WOMEN'S CENTRE
Notes to the Financial Statements For the Year Ended 31 March 2023
Accounting Policies
Charity Information
First Steps Women's Centre is a private company limited by guarantee incorporated in Northern Ireland. The
registered office is 2 la William Street, Dungannon, Co Tyrone, BT70 IDX.
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in
the preparation of the financial statements are as follows:
a) Basis of preparation
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 Rq)ublic ol Lreland (FRS 102) (effectÈve l January
2015) - (Charities SORP (TRS 102)), the Financial Reporting Standard applÈcable in the UK and Republic of
Ireland (FRS 102) and the Companies Act 2006.
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially
recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy
note(s).
The charity has taken advantage of thc provision of SORP for charities applying FRS 102 Update Bulleting I
not to prepar¢ a Statement of Cash flows.
The accounts are prepared in sterlkng, which is the functional currency of the charity. Monetary amounts in
these financial statements are rounded to the nearest £.
b) Preparation of the accounts on a going concerD basis.
The number of using the charity is increasing year on year but the uncertainty surrounding fimding is a
significant area of financial uncertainty that will invariably impact upon the services that we can offer. The
trustees have mitigated these risks by continually cI￿llengIng decisions made at government level to ensure
that the impact of provisions of services is Minin￿1.
The trustees are of the view that measures have been taken subsequellt to the year-end to ensure Continuous
funding for the immediate future of the Centre for the next 12 to 18 months and that on this basis the charity
is a going concern.
c) ljjcome
Income is recognised when the charity has entitlement to the funds, any perforn]ance conditions attached to
the item(s) of income have been met, it is probable that the Income will be received and the amount can be
measured reliably.
22

FIRST STEPS WOMEN'S CENTRE
Notes to the Financial Statements For the Year Ended 31 March 2023 (continued)
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is
recognised when the charity has entitlement to the fimds, any perfonnance conditions is
attached to the grants have been met, it is probable that the income will be received and the
amount can be measured reliably and is not deferred.
d) Donated services and facilities
Donated professÈonal services and donated facilities are recognised as income when the
charity has control over the item, any conditions associated with the donated item have been
met, the receipt of economic benefit from the use by the charity of the item is probable and
that economic benefit can be measured reliably.
In accordance with the Charities SORP (FRS 102), the general volunteer time spent within the
charity is not recognised and refer to thc trustees, annual report for more infomjation about
their contribution.
On receipt, don2ted pmfessional services and donated facilities are recognised on the basis of
the value of the gift to the charity which is the amount the charity would have been willing to
pay to obtain services or facilities of equivalent economic benefit on the open market. a
corresponding amount is theii recognised in expenditure in the period of receipt.
e) Interest receivable
Interest on funds hcld on deposit is included when receivable and the amount can be
measured reliably by the charity" this is norn]ally upon notification of the interest paid or
payable by the Bank.
fj Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of
charity.
Designated funds are unrestricted funds of the charity which the trustees bave decided at their
discretion to set aside to use for a specific purpose.
Restricted funds are to be solely used for particular areas of the Charity's work or for specific
projects being undertaken by the Charity.
g) Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructlve obligation to make a payment
to a third party, it is probable that settlement will be required and the amount of the obligation
can be measured reliably. Expenditure is classified under the following activity headings..
• • Expenditure on charitable activities includes the costs of Education, Childcare, Advice,
Transport and representation undertaken to further the purposes of the charity and their
associated support costs.
23

FIRST STEPS WOMEN'S CENTRE
Notes to the Financial Statements For the Year Ended 31 March 2023 (continued)
• • Other expenditure represents those items not falling into any other heading.
The charity is not registered for Vat. ITrecoverable VAT is charged as a cost against the
activity for which the expenditure was incurred.
h) Allocation of support costs
Support costs are those ￿nctiOnS that assist the work of the charity but do not directly
undertake charitable activities. Support costs include back-office costs, finance. personnel,
payroll and governance costs which support the Centre's programmes and activities. The
bases on which support costs have been allocated are set out in note 7.
i) Operating leases
The charity classifies the lease of prKnting, as operating Icases. the title to the equipment
remains with the lessor and the equipment is replaced every 5 years whilst the economic life
of such equipment is nonnally 5 years. Rental charges are charged on a straight-line basis
over the terni of the lease.
j) Depreciation
Tangible fixed assets
tndividual fixcd assets costing £500 or more are Capitalised at cost and are depreciated over
their estimated useful economic lives as follows:
Asset Category
Building Adaptations
Fixtures and fittings and Equipment
Computers
Annual rate
5 % Straight Line
200/0 Reducing Balance
33 /0 Straight Line
k) Debtors
Funding due and other deblors are recognised at the settlement amount due. Prepayments are
valued at the amount prepaid net of any trade discounts due.
l) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short tern] highly liquid investnients with a
short maturity of three months or less from the date of acquisition or opening of the deposit or
similar account.
m) Creditors and provisions
Creditors and provisions are recogniscd where the charity bas a present obligation resulting
from a past event that will probably result in the trdnsfer of funds to a third party and the
amount due to settle the obligation can be measured 01 estimated reliably. Creditors and
provisions are normally recognised at their settlement an]ount after allowing for any trade
discounts due.
24

FIRST STEPS WOMEN'S CENTRE
Notes to the Financial Statements For the Year Ended 31 March 2023 (continued)
n) Pensions
Employees of the charity are entitled to join the Workers Pension Trust Scheme which is
funded by contributions for employee and employer. Employees are automatically enrolled into
tbe pension schen]e unless they have exercised their right to opt out of scheme membership.
Employers Pension contribution represented 30/0 of pensionable pay and employee's
contribution of 50/0 of pensionable pay. The trustees are satisfied that any foreseeable change in
employer's contributioiis can be budgeted for without detriment to the charity's ongoing
activities.
o) Financial instruments
The trust only has fmancial assets and financÈal liabilities of a kind that qualify as basic
fmancial instruments. Basic financial instruments are initially recognised at transaction value
and subsequently measured at tkLekr settlement value with the exception of bank loans which are
subsequently measured at aD]Ortiscd Cost using the effective interest method.
Legal status of the Trust
The organisation is a company limited by guarantee and has no share capital. In the event
of the charity being wound up, the liability in respect of the guarantee is limited to £ I per
member of the charity.
Donations and Fundraising
Income from donations and legacies
2023
2022
Donations
Gift Aid
Rental Activity
TOTAL
8,764
1,233
4,505
14,502
5,506
758
4,200
10,464
The Centre benefjts greatly from the involvement and enthusiastic support of its volunteers
and supporters. In accordance Ivitb FRS 102 alld the Charities SORP (FRS 102), the
economic contribution of general volunteers is not recognised in the accounts.
25

FIRST STEPS WOMEN'S CENTRE
Notes to the Financial Statements For the Year Ended 31 March 2023 (continued)
Income from charitable activities
Income from charitable activities
Restricted
Funds
2023
Restricted
Funds
2022
European Social Fund l Department for Economy
CIF - Match Funding.. Department for Con]munities
Department for Communities - WCCF
Mid Ulster District Council -strategic Con)munity Development Grant
The Pathway Fund
TEO (MEDF)
DtE - Prep for Work
ClearlHSC
TESCO (Ground Works)
CIF - Non match Funding.. Department for Communities
Dfc HWSB
Garfield Weston Foundation
The Volant Charitsble Trust
Cbarities Aid Foundation (CAF)
TEO (GR)
The 29th May 1961 Charitable Trust
Mid Ulster District CouDciI - Con]n]unity Development
ASDA Foundation
Screw Fix
DFC CIF Funding - Energy Grant Funding (22123)
The W.G Edwards ClwitAble Foundation
Choice Housing
Apex Housing
B&Q Neighbourly
The Edward Gosiling Foundation
Co-operation Ireland Small Capital Grdnts
Ecclesiastical - Movement for Good
Amold Clark Community Fund
Mid Ulster District Council - Business Marketing Grant
AMAZON SMILEAioyalties
CFNI - SIT George Earle Benevolent Fund
CFNI - Wesleyan Assurance Fund
TOTAL
271,472
38,903
37,051
11,814
15,000
40,373
2,789
5,669
1,125
26.993
272,716
35,642
38,242
6,000
15.000
26,331
2,803
4,226
1,000
26.888
30,000
30,000
17,300
2,000
17,435
3,000
2,500
2,250
3,000
6,100
500
4,300
1,500
1,520
3,100
4,380
3,000
5,000
1,398
1,000
1,000
300
1.600
9,940
516 321
515,841
Restricted
Funds
Restricted
Fund5
Income Allocated to Capital Grants
2023
2022
DOH - HSC - Childcare Partnership
1,947
1,947
26

FIRST STEPS WOIVIEN'S CENTRE
Notes to the Financial Statements For the Year Ended 31 March 2023 (continued)
Investment income
All of the investment income of arises from money beld in intcrest bearing deposit accounts.
Analysis of expenditure on charitable activities
2023
2023
2023
Total Unrestricted Restricted
2022
Total
Wages and salaries
Redundancy Payment
Staff T&S /Expenses
Staff training and reeruitment
Facilitation & Events
Exam Fees
Participant Travel
Participant Training & Course Materials
Volunteer Expenses
Interpreter Services
Rent and Rates
Light and heat
Telephone
Printing, postage and stationery
RC - Printing/Stationary
IT support
Motor expenses
Repairs and maintenance
tnsurance
Small Equipment Purchase
Creche Equipment
Subscriptions
Accreditation Fees Application
Health aiid Safety
Donations to other Charitics
Emergency Assistance
Misc Expenses
OC - Defe￿¢d Funding
Advertising
Course Expenses and tutor fees
Participant comfort expenses
Support Costs
General expenses
Depreciation of tangible assets
Refunds
Total
280,963
54,390
3,732
2,959
4,162
1,529
1,391
371
1,040
40
15,971
14,159
2.920
2,966
280,963
263,961
54,390
3,732
2,959
4,162
1,529
1,391
371
1,040
40
15,971
14,159
2,920
2,966
3,448
942
472
3,863
1,998
2,579
843
16,099
5.725
2,961
3,247
3,787
1,568
9,063
4,826
643
2,478
346
750
124
987
2,780
1,493
3,787
1,568
9,063
4,826
643
2,478
346
750
124
987
2,780
1,493
3,099
1,637
6,553
3,064
2,250
2,103
540
740
81
50
2,551
46
2,300
44,403
920
65,404
2,300
44,403
920
65,404
4,204
47,940
459
63,797
198
35.584
72
480 869
31,762
31,762
560,229
54,390
505,838
Restricted Expendi￿re on ch￿itable activities for 2023 £505,838 (2022 £480,869).
27

FIRST STEPS WOMEN'S CENTRE
Notes to the Financial Statements For the Year Ended 31 March 2023 (continued)
Analysis of governance and support costs
Current Year
2022
General
support Governance
Total
Salaries
Audit fees
Legal Fees
Bank charges
56,874
56,874
3,148
5,195
188
65,404
59,954
2,520
1,190
133
63,797
3,148
5,195
188
62,256
3,148
Net incomel(expenditure) for the year
2023
2022
This is stated after charging:
Depreciation of tangible assets
Auditors, remuneration
31,762
3,148
35,584
2,520
Analysis of staff costs, trustee remuneration and expenses, and the cost of key
management personnel
2023
2022
Salaries and wages
Social security costs
Employer Allowance
Statutory Maternity Pay recovered
Pension costs
369,180
24,721
5,000
302,731
22,252
4,000
3,328
392,605
2,931
323,914
No employees had employee benefits in excess of £60,000 (2022: nil).
The charity trLL8tees were not paid or received any other benefits from einployment with the
Trust in the year (2022: £nil) neither were they reitnbursed expenses during the year (2022:
£nil). No charity trustee received payment for professiollal or other services supplied to the
charity (2022: £nil).
28

FIRST STEPS WOMEN'S CENTRE
Notes to the Financial Statements For the Year Ended 3 1 March 2023 (continued)
10 Staff Numbers
The average montmy head count and the average monthly number of ￿ll-time equivalent
employees (including casual and part-time staffj during the year were as follows:
2023 2022
Number
Education
Governance/Support
15
14
17
16
11 GoverDment Grants
Income from government grants comprises perfonnance related grants made by local
authorities to fund the Educational programmes.
12 Corporation Taxation
The charity is exempt from tax on income and gains falling within section 505 of the
Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the
extent that these are applied to its charitable objects.
13 Tangible r￿ed assets
Leasebold
Property
Plant and
Equipment
Motor
Vehicles
Total
Cost;
As at l April 2022
Additions
As al 31 March 2023
458,092
145,576
2,115
147,691
32,782
636,450
2,115
638,565
458,092
32,782
Depreciation:
As at l April 2022
Charge for the year
As at 31 March 2023
123,077
20,938
144,015
115,307
7,370
122,677
18,965
3,454
22,419
257,349
31,762
289,111
Net book value
As at 31 March 2023
314,077
349 454
As at 31 March 2022
335 015
13,817
379,101
29

FIRST STEPS WOMEN'S CENTRE
Notes to the Financial Statements For the Year Ended 31 March 2023 (continued)
14 Debtors
2023
2022
Grant Debtor
European Social Fund / Department for Economy
DFC - CtF & WCCF Salary Support 22123
TEO (GR)
Department for Communities WCCF Funding
Dfc - Prep for Work
TEO (MEDF)
Clear Project IHSC
Department for Communities NMF
Choice Housing
Dfc EtWSB
Mid Ulster District Council
Prepayments
22,693
3,143
22,341
8,718
6,224
229
4,533
618
524
1,171
10,172
1,718
600
230
5,632
5,401
50,760
3,098
46,285
15 Creditors: amounts falling due within one year
2023
2022
Credit Card
Accruals
1,505
3,772
5,277
A floating Charge dated 281612010 was created by the organisation for s¢curing all monies due to or
becoming due to the organisation to Northern Bank Limited now Dankse Bank Ltd.
130
3,324
16 Analysis of charitable funds
Balance
Asatl
April 2022
Funds
As at 31 March
2023
Incoming Resources
resource5
expended Transfers
General fund
Designated Retained
Reserves
Total
180,290
15,524
(54,390)
32,649
174,073
150,000
330,290
150,000
324,073
15,524
(54,390
32,649
The transfer of £32,649 from restricted funds represents surplus fijnding for indirect costs in
accordance with fvnding agreements which is being released and tranSfe￿¢d to unrestricted funds.
General fund
Thc 'free reserves, after allowing for all designated funds.
Designated Retained Reserves
Designated fund to cover 4 months operational costs in the event of shortfall on funding.
30

FIRST STEPS WOMEN'S CENTRE
Trlotes to the Financial Statements For the Year Ended 31 March 2023 (continued)
17
Analysis of movements in restricted fund
Balance
As at l April
2022
Funds
As at 31 March
2023
Incoming Resources
resources
expended Transfers
Education
Total
435,990
435,990
517,788
517,788
505,838
(505,838
(32,649
(32,649)
415,291
415,291
The transfer of £32,649 from restricted ￿llds represents surplus ￿ndIng for indirect costs in
accordance with funding agreements wl)ich is being released and transferred to unrestricted funds.
Description, nature and purposes of the fund
Educatloll
To provide professional and personal development through education and training.
Assets Property assets fund
The value of unrestrict¢d funds represented by the tangible fixed assets owned and used by the charity
on an on-going basis for educational activities.
2023
2022
Income
Garfield Weston Foundation
The Edward Gostling Foundation
TESCO (Ground Works)
CFNI
The Volant Charitable Trust
Restricted Revenue Income
Capital
Fixed Assets
60,000
5,000
1,125
30,000
9,940
17,300
57,240
66,125
349,166
349,166
378,750
378,750
Total Restricted income
415,291
435,990
18 Analysis of net assets between funds
General
Fund
Designated
Funds
Restricted
Funds
Total
Tangible fixed assets
288
349,166
349,454
Cash at bank and in hand
128,302
50,760
5,277
150,000
66,125
344,427
50,760
Other net current assets/(liabilities)
Creditors of more than one year
TotaI
174,073
150,000
415,291
739,364
31

FIRST STEPS WOMEN'S CENTRK
Notes to the Financial Statements For the Year Ended 31 March 2023 (continued)
19
Contingent Liabilities
There is a contingent liability to repay grants received under the terms of their associated letters of
offer if the charity fails to achieve and maintain specified conditions.
In the opinion of the trnstees the ternis of these letters of offer have been complied with ill full and no
loss is expected.
20
Capital Commitments
A refurbishment project costillg £478,210 was completed in 2018. The project was grant funded. The
organisation has agreed a 20-year terni lease. Rent wkll be paid on an annual basAs.
21
Related Party transactions and ultimate controlling party
The trustees are the deemed controlling paty due to their position within the company.
22
Cash generated from operations
Reconciliation of net movement in funds to net cash flow from operatxng activities
2023
2022
Net movement in funds per Notc 4
Add back depreciation charge
Deduct interest income shown in investing activities
(26,916)
31,762
(1.022)
46,780
35,584
(864)
Decrease (increase) in debtors
Increase (decrease) in creditors
Net cash used in operating activities
4,474
448
203
(17,276)
16
64,239
23
Auditors, ethical Standards
In common with many organisations of its size and nature, the charity uses its audltors to assist with
the compilation of the statutory fjnancial statements.
32