FIRST STEPS WOMEN'S CENTRE
(A company Ilmited by guarantee)
Report and Financial Statements
Year endlng 31 March 2024
Company number: Nl 066869
Charlty COmn￿$s1Oll Number: NIC 101202
Charlty number: Xli27582
*ADFTTHV6*
- 1311112024.
COMPANIES HOUSE

FIRST STEPS wol￿EN's CENTRE
Contents
Mission Statement
Report from Chairperson
Report from Chief Executive
Trustees, report
9-15
Auditors, report to the trustees
16- 19
Statement of Financial Activities
20
Statement of Financial Position
21
Notes to the financial statements
22-34

FIRST STEPS WOMEN'S CENTRE
MISSION STATEMENT
Supporting women's wellbeing, personal and professional development

FIRST STEPS WOMEN'S CENTRE
Resilience and Renewal: Thriving Through Adversity
Introduction
As Chairperson of First Steps Women's Centre, it is with immense pride and gratitude that I present this year's
Annual Report. The past year has been one of extraordinary challenges, yet it has also been a year of remarkable
resilience and renewal. Despite facing a 50 % reduction in our funding and tbe difficult decision to reduce our staff
by one-third in March 2023, we have emerged slronger, more united, and more committed than ever to our mission
of empowering women lI￿OUgh our Wellbeing, Life Skills, and Employability programmes.
Overcoming Adverslty
The loss of 500/0 of our funding in"March 2023. was a significant blow. It forced us to make difficult decisions,
Including the reduction of our staff by a third. This was not an easy time for any of us. however, in the face of these
challenges, our team displayed incredible resilience. The board and staff came together. pooling their collective
wisdom, cxpcricnce, and creativity lo navigate through this storni.
Our immediate priority was to secure additional funding and l am delighted to report that, through the tireless efforts
of our team, we succeeded in securing new funding equivalent to the amount we had lost. This was a crucial
achievement that not only stabilised our operations but also allowed us to continue deliverin8 and expanding our
services.
Strategic PIADn5ng
Despite the loss of funding and one-third of staff, the Board and Senior Management Team felt it necessary to revisit
our strdtegic objectives. This was completed by end of May 2023, just 2 months after stsff r¢dundanci¢s and the end
of the European Social Fund programme.
Programme Successes
Despite the financial and staffing challenges, this year has been one of our rnost successfvl in tenns of programme
delivery and oulcomes. Our Wellbeing programme, funded through the Lottery and entitled VERA'S Project
(Valued, Empowered, Resilient, Assisting, Supporting) continued io provide vital support lo wolnen, helping them to
build confidence. manage stress, and improve their mental and physical health. The feedback from participants has
been overwhelmingly positive, with many reporting significant improvements in their quality of life.
Our Life Skills progrdmmes also tbTived, with record numbers of women enrolling in English for Speakers of Other
Languages (ESOL) courses designed to enhance their personal and practical skills. From Pre-ESOL to Improving
Your English, thesc courses have empowered women to take grcatcr Control of their lives and achieve their goals.
Tl]is year, we also launched our new Employability programme, which has quickly become a cornerstone of our
services. This programme is designed to support women in gaining the skills, confidence, and experience tbey need
to enter or re-enter the workforcc. Thc success stories from this progrdmme havc been truly inspiring, with many
participants securing meaningful employment and others embarking on furthcr cducation or training.

FIRST STEPS WOMEN'S CENTRE
Gratitude and AckDowledgements
None of this would have been possible without the dedication, passion. and hard work of our staff and board
members. Their unwavering commitment to our mission has been the driving force behind our success. I would also
like to extend my deepest gratitude to our funders, partners, volunleers, tutors, and supporters. Your belief in our
work and your generous contributions have enabled us to continuc making a difference in the lives of the womcn we
serve.
Finally, I want to acknowledge the incredible women who participate in our programmes. Your courage,
deterniination, and rcsilicnce are at the heart of everytkn'ng we do. We are honoured to be part of your journey and
are inspired by your achievements.
Looking Ahead
As we look to the future, we do so with renewed confidcnce and optimism. We have shown that even in the face of
signifjcant adversity, we can adapt, innovate, and tl]rive. Our focus in the coming year will be on building on our
successes, exploring new opportunities for growth, and continuing to provide higb-quality, impactful services to the
women who rely on us.
In conclusion, the past year has proven that First Steps Women's Centre is more than just a service provider. we are
a community. a lifeline, and a source of hope for many. Together, we have weathered the storni. and together, we
will continue to makc a lasting impact on the lives of women in our Community.
Thank you.
Maria McGilly,
Chairperson

FIRST STEPS WOMEN'S CENTRE
Chief Executive's Report April 2023 - March 2024
Resilience in Action: A Year of Growth, Unity, and Impact
Introduction
As CEO of First Steps Women's Centre. it is with great pride and gratitude that I present this Annual Report. This
past year has been one of profound challenges and incredible successes. Despite the loss of 50 % of our fundjng, our
organisation has not only persevered but thrived. Through strategic partnerships, the tireless efforts of our team, and
the unwavering support of our community, we have managed to increase and expand our services and deepened our
impact. This report will highlight our key achievements, th¢ r¢sili¢ncc of our tcam. and our vision for the futuTc.
Overcoming FiDaDcial Cballenges
The year began with the si￿lficant challenge of losing 50 % of our funding when the European Social Fund
pr0￿MMe ceased in March 2023. The Centre lost 5 staff with over 60 years, experience. This could have severely
impacted our ability to deliver Critic￿ services to the women who rely on us. However, tbrough the collaborative
efforts of our leadership team, including the Chaitperson, Finance Manager, and Board of Directors, we navigated
this crisis with determination and slrategic thinking.
Our flrst success in overcoming this financial hurdle carne through securing Lottery funding, whicb revitalised our
Wellbeing programme. Thanks to this crucial support, we excelled in our outreach, recruiting 283 women and
offering 43 diverse courses. These courses created a total of 429 places, empowering women with the tools aDd
support needed to enhance their mental, physical, and emotional wellbeing.
Expansion of Services: The Employability Progranjme
In August 2023, we launched our new Employability programme in partnership with South West College, This
initiative has proven to be a significant addition lo our service offerings, particularly for women from economically
inactive backgrounds. The programme has not only met but exceedcd all of its initial targets, helping 15 women
secure meaningful employment, a milestone that underscores our commitment to fosteTing independence and
empow¢rni¢nt.
A key driver of this programme's success has been th¢ innovative contributions of a highly creative new staff
member. Their fresh perspective and dymamic approach have invigordted the team, resulting in innovative strategies
that have direcily contributed to the programme's early success.
Communlty RelatlOD$ Programme Successes
This year also saw the flourishing of our Comnjunity Relations Programme. supported by funding from The
Executive Office (TEO) & Choice Housing. One of the standout events was the hosting of a highly successful
Human Library, where participanls could 'bo￿Ow, people instead of books and engage in meaningful conversations
aimed at challenging stereotypes and fostering understanding.

FIRST STEPS WOMEN'S CENTRE
JJI addition to tbis, our Centre hosted a series of cultural programrnes and celebrations during tbe Cl]ristmas season.
which brought together individuals from diverse backgrounds in a spirit of unity and celebration. These events have
strengthened our ties with the community and underscored the importance of inclusion and cultural exchange.
Llfe Skllls
Our Life Skills programmes and services continues. alongside ow Wellbeing programmes, to be the bedrock of all
that we do. FSWC organised 5 ESOL (English for Speakers of Other Languages) and two additional lileracy courses.
A]together over 125 women were recruited for these programmes. This may seem like an anomaly considering
Brexit but the Centre has seen a surge in d¢mand from local migrant women to come and gain a qualification in
ESOL.
Support That Is the Difference
I cannot conclude tbis report without menlioning the sterling work of our crecbe, minibus and counselling staff.
These staff are the nut5 and bolts of the success of the Centre. They are the ones who provide the glue thal enablcs
women to come and find what they need. Without the minibus many, many women would be unable to attend. Our
Childcare team has registered 107 children and bosted l O different migrant nationalities.
FSWC also provides a Counselling service wkn'ch has been augmented by two student volunteers at times during the
year. Demand continues to grow for Counselling.
Inlernatlonal WomeD'S Day 2024
A highlight of this year was our celebration of International Women's Day in March 2024. We were honoured to
welcome Alina Gawhary, an exiled artist from Afghanistan, as our guest of honour. Alina's story of resilience and
courage in the face of the Taliban government moved everyone in attendance. She shared ber powerful artwork,
which conveyed her experiences and the struggles of women in her homeland. The event was deeply emotional,
drawing a large crowd of supporters who came togeiber to show their solidarity with women arow]d the world facing
oppression.
Steadying the Ship: Leadership and Team Morale
Throughout these challenges and successes, the resilience of our organisation has been evident. The steady guidance
provided by our leadership team, comprising of ihe Chairyerson, Finance Manager, Board of Directors. and myself,
has been instrumental in navigating the complex landscape of reduced funding and expanding demand for services.
Together, we have managed to stabilise our flliances, maintain the quality of our programs. and continue making a
positive impact in OUT community.
Equally important has been the morale and dedication of our staff. Despite the pressures of financial constraints and
program expansion, our team bas remained positive, motivated. and deeply committed to OUT mission. We recognised
the importance of maintaining this high morale and prioritised team building activities throughout the year. Our
Christmas celebrations were a time for r¢fl¢ction, ￿atitUde, and ccl¢bration of our collective achievements.

FIRST STEPS WOMEN'S CENTRE
Looking Ahead
As we look to the future, we do 50 Wlth a deep sense of optimism and a renewed commitment to our mission. The
cballenges of this past year have only strengthened our resolve. We will continue to seek out new opportunities to
expand our services, foster community relations, and support the women who rely on us to take the firsl steps
towards brighter futures.
In conclusion, I want to express my deepest thanks to our staff, board members, funders, tutors, partners, and the
women we serve. Your unwavering support and dedication have made this year's successes possible. Together. we
have proven that with resilience, creativity, and community, we can overcome any obstacle and achieve great things.
Thanks
Michael McGoldrick
Chief Executive

FIRST STEPS WOMEN'S CENTRE
Report of the trustees for the year eDd5ng 31 March 2024
The trustees are pleased to present their annual directors. report together with the financial statements of the charity
for the year ending 31 March 2024 which are also prepared to meet the requirements for a directors. report and
accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2008, the Companies Act 2006, the Memorandum and
Articles of Association, and A￿OUntIng and Reporting by Charities: Statement of Recommended Practice applicable
to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 102) (effective l January 2019).
Our purposes and activities
Charity's Vlslon:
Confiden¢, Resilien6 Empowered Women .
Charity's Mission:
Supporting W0n￿n'S wellbeingp personal andprofesswnal development
Charitygs Values:
We value integrity, honesty and recognise our unique contribution
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 tbat our objects include the:
(a)
relief of unemployynent among women in such ways as may be thought fit, including assistance to find
employment;
advancement of education, training or retraining and providing unemployed women with work
experience;
provision of recreational facilities for women or those who by reason of their youth, age, infrmity or
disablement, poverty or social and cconomic circumstances, have need of such facilitics.
preservation and protection of health of women and the provision of childcare.
development of the capacity and skills of women in th¢ area to benefit in such a way that they are
better able to identify, and help meet. their needs and to participate more fully 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 establishment of a centre, and to mainlain and manage the same (whetber
alone or in co-operation with any local authority or other person or body) in furtherance of these
objects, and:
promotion of all or any objects for the benefit of women who live in Mid Ulster (th¢ "ar¢a of benefit")
wbich now or hereafter may be deemed by law to be charitable.
(b)
(c)
(d)
(e)
(fj
(g)
(b)
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 contribuling
to the quality of life of the women in our community by expanding their horizons tbrough the provision of exciting,
challenging and accessible 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 (PB2)'. 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 strategies
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 programming courses by, and with, tutors of different
cultural backgrounds.
FIDaDclal revlew
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 susiainability from funding
in the years to come. The trustees are aware of the need to maintain free reserves, especially in tbe current economic
climate. Continual fund raising will be necessary to retsin sufficient levels of reserves.
We would like to acknowledge the continued support of our funders as refeffed to in note 4 in the accounts. It is
important to recognise that their funding really doe5 make an impact. It contributes to improve confidence and
prepares women to become empowered.
The income for the year was £406K of which £394K was received as grant fiujding. The expenditure of £443K is
expended on charitable aclivities.
The balance of funds at 31 March 2024 was £702K of which £370K was unrestricted income of which £150K
designated funds and £174K restricted fvnds.
Reserves policy and PlaDS for the future
Reserves ptt needed to bridge the gap between the spending and receiving of income as well as to cover unplanned
emergency repairs and other expenditure. The trustees consider that the ideal level of reserves at 31" March 2024
would be £150k. These are unrestricted income funds freely available for use as the charity so deterniines and
excludes any funds committed to revenue expenditure or to be invested in Lqngible fixed assets.
The European Social Fund (ESF) programme in Northern Ireland ended 31 March 2023, leaving 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) came online in April 2024.
However, it has become clear that it is not a l OOO/o replacement of the ESF Funding. The darnage to community and
voluntary infrastructute due to the loss of ESF fiuiding (a loss of £27.3million annually within ND is massive.
By March 31, 2024, FSWC had £200k in place for the y¢ar 2024-25. This equaled to 400/0 of the annual funding.
FSWC sought to identify alternative funding from a number of different sources. These included Peace Plus and the
UKSPF. FSWC was fortunate to receive £259.5k over two years fonn UKSPF and £485k over five year from the
Lottery
io

FIRST STEPS WOMEN'S CENTRE
First Steps Women's Centre receives core salary funding for 4 part time posts from the Department for Communities.
and has done for almost 20 years, with current funding confmned until March 2025.
The tnistees have a reasonable expectation that tbis funding will be extended: however. they are also taking steps to
mitigate the risk of non-renewal fvnding by seeking alternative funding sources and exploring additional income
streams. The trustees have also assessed the extent to which activities and expenditures may need to be scaled back if
n¢cessary.
The trustees, having reviewed the financials of the Centre, had considered that with ￿tUre reduced available
resources the Centre would have to consider operating on a 3-day week albeit with a potential reduced capacity. The
trustees and staff and volunteers recognised the impact this would have on the users of the Centre, their families,
staff and wider community. There was concern over potcntial reductions in thc levels of Wellbeing. Life Skills and
IT programmes. Services such as our Creche and minibus transport, Hygiene Bank and Benefjt Checking Service
would also be reduced
Fortunately these measures where not required. With current worldwide events, and its impacts 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 comnjunity. The importance of contributions from centres like
ourselves should never be a]lowed to be underestimated or go unrecognised. Experience and feedback are indicators
of the immeasurable value that FSWC has ¢ontributed to users and their families, amd like all women who have
attended this centre, we at FSWC, will never give up and 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 Trustees bave examined the charity's requirements for reserves considering the main risks to the organisation
and established a fornial policy which stipulates thai free reserves be maintained at a level which ensures thal the
charity's core activity could continue during a period of unforeseen difficulty. Free reserves are defined 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 assels held by the charity and restricted or designated fLmds.
It is the policy of the charity that unrestricted fvnds which have not been designated for a specific use should be
maintained at a level equivalent to a minimum to three month's expenditure. The Trustees consider that reserves at
this level will ensure that, in the event of a significant drop in funding, they will be able to continue tbe charity's
Current activities while consideration is ￿Ven to ways in which additional funds may be raised.
Based on the year ended 31 March 2024 projeetPAI expenditure (excluding depreciation and non-recurring costs) of
£425K, the target level of designated reserves is £150K. Free reserves of the charity as at 3 1st March 2024 are
£325K of which £150K has already been designated to reserves. The Trnstees are pleas¢d to confllm 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 current activities of the charity.
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FIRST STEPS WOMEN'S CENTRE
Reference and administrative detail$
Registered Office; 21a William Street, Dungannon, Co Tyrone, BT70 1 DX.
Our advisers
Auditor;
E A Grimley & Co Limited,16 Clonoe Village Business Park, 98 Washingbay Road, Clonoe
Dungannon, Co Tyrone, BT714PU
Danske Bank Limited, Markei Square, Dungannon, Co Tyrone
P Haugh¢y, William Street, Dungannon, Co Tyrone BT70 1 DX
Bankers.
Solicitors;
Key management persoDnel First Slep8 Women's Centre: Trustees, and Directors
Directors And trustees
The directors of the charitable company (the charity) are its trustees for the Purpo￿ of charity law.
Tbe tNstees and officers serving during the year and since the year end were as follows:
Chair:
Treasurer
Maria McGilly
Nicola Quinn
Paula srn￿h
Wendy Wigton
Eleanor McGilly
Marli Wilson
Siobhan Wallace
Katalin Hajdu
Edel Cunningham
Maria Campbell
CILristine Davidson
Svitlana Sukar
resigned
resigned
resigned
appointed
appointed
appointed
22 November 2023
22 November 2023
23 April 2024
23 April 2024
23 April 2024
23 April 2024
Key management personnel:
Senior managers of First Steps Women's Centre.
Chief Executive Officer:
Michael McGoldrick
Structure, Governance And Management
Governing Doeumellt
First Steps Women's Centre is a Company Limited by Guarantee governed by its Memorandum and Articles of
Association updated on 6 October 2021.
It is a registered charity with the Clwity Commission Northern Ireland. The registration number is NIC 101202.
The charity was registered as a charity under the Co4)oration Taxes Act 1988, registration number XR 27582. First
12

FIRST STEPS WOMEN'S CENTRE
Steps Women's Centre is registered with the Financial Conduct Authority. The registration number in FRN:618755.
AppolDtment 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 members shall be co-opted by way of public advertisernent. A]1 members are circulated with invitations
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 Commission guidance on public benefit, and inforn] them of the content of the Memorandum and
Articles of Association, the committee and decision-making processes, the business plan and receni financial
perfonnance 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 ihe board members attend an induction process covering good governance. During the induction they meet key
employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will
facilitate the undertaking of their role.
Organisation
The board of trustees, which can have up to l O members. athninisters the charity, The charity is managed by the
Trustee Board, which meets at least 6 times per year.
The charity CEO liaises between meetings with the Chair and Treasurer to ensure the smooth running of the
organisation.
To facilitate effective operdtions, the CEO has delegated authority, within ternis of delegation approved by the
trustees, for operational matters including finance, ernplo￿ent.
Related parties and eo-operatlon wltb otber organisations
None of our trustees receive remuneration or other benefii from their work with the chaTity. 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 the NJC scale.
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FIRST STEPS WOMEN'S CENTRE
Risk management
The trnstees have 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 impact on the charity
should those risks materialise.
This work has identified that financial sustainability is the major fmancial risk for the charity. . A key element in the
.management of f￿ancial risk is a regular review of available liquid funds to settle debts as they fall due, regular
liaison with the CEO to ensure sufficient working capital by the centre.
Attention bas also been focussed on non-financial risks arising from fire, health and saf¢ty 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.
Truslees, responsibilities in relation to the financial statements
The Charity trustees (who are also the directors of the First Steps Women's C¢ntre for the pu￿OSe$ of company law)
are responsible for preparing the trustees, annual report and fjnancial statements in accordance with applicable law
and United Kingdom Accounting Standards (Unitcd Kingdom Generally Accepted Accounting Practice).
Company law. requires the charity trustces to prepare financial statements for each year which
give a Irue and fair view of the state of affairs of the charitable company and of the incoming resources and
application of resources, including the income and expenditure, of the charitable company for that period. In
preparing the financial statements, the trustees are required to:
select suitable accountiDg poli¢ies 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 fmancial statements; and
prepare the f￿anCIal 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 witb reasonable accuracy at any time
the financial position of the charitablc company and to cnablc them to ensure that the financial stat¢ments 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 irregularities.
The trustees are responsible for the Maintenance and integrity of the corporate and fmancial
inforniation included on the charitable company's website.
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FIRST STEPS WOMEN'S CENTRE
Statement As to disclosure to our auditors
In so far as the trustees are aware at the time of approving our trustees, annual report.
there is no relevant infornjation of which the charitable company's auditor is unaware, and
the tn￿tees, having made enquiries of fellow directors have eacb taken all steps that belshe is obliged to take
as a director in order to make ihemselves aware of any relevant audit inforniation and to establish that the
auditor is aware of that infonnation.
Auditors
E A Grindey & Co are deemed io 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 chairperson
Maria McGillyg
{Cbairperson)
Dated: 16 October 2024
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FIRST STEPS WOMEN.'S CENTRE
Independent Auditor's report to the n)embers of First Steps Women's Cenlre
Opinion on financial statements
We have audited the financial slatements of First Steps Women's Centre (the 'charity') for the year ended 31 March
2024 which comprise the statement of Financial Activities, statement of fllwlcial position, and related notes including
a summary of significant accounting 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 FinancialReporting Siandardapplicable in the UK and Republic ofIreland (United Kingdom Generally Accepted
Accounting Practice).
In my opinion the financial ststements:
give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming resources
and application of resources for the year then ended:
have been properly prepared in accordance with United Kingdom Generally Accepted Accountin8 Practicc;
have been prepared in accordance with the requirements of the Companies Act 2006,
Ba$ls for opSDlon
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 responsibilities for the audit of the
accounts seclion 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, includlng 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 accordance with these
requirements, We believe that the audil evidence we have obtained is sufficient and appropriate to provide a basis for
our opinion.
CoDclu51ons relatlDg to going concern
In auditing the fmancial statements, we have concluded that the Trustees, use of the going concern basis of
accounling in the preparation of the fmancial statements is appropriate.
Based on the work we have performed, we have not identified any rnaterial uncertainties relating to events or
conditions that individually or collectively, may cast significant doubt on thc charity's ability to continue as a
going concern for a period of at least twelve months from when the financial $tat¢ments are authorised for issue.
Our responsibilities and the responsibilities of tbe Trustees with respect to going concern are
sections of tkn's report.
Other Infornjatlon
The other inforn]ation comprises the inforn]ation included in the annual report. other tban the accounts and our
auditor's report thereon. The Trustees are responsible for the other information contained within the annual report.
Our opinion on the financial statements does not cover the other inforn￿tIon and, except to the extent otherwise
explicitly statcd 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 inforniation is materially inconsistent with the
accounts or our knowledge obtained in tbe audit or otherwise appears to be materially misslated. If we identify such
material inconsistencies or apparent material misstatements, we are required to detennine whether there is a material
misstatement in the accounts or a material misstatement of the other inforniation. If, based on the work we have
16

FIRST STEPS WOMEN'S CENTRE
Independent Auditor's Report (Continued)
perfonned, we conclude that there is a material misstatement of this otber infornation, we are required to report that
fact.
We have nothing to report in this regard.
Oplnlon on other matters prescrlbed by the CompaDies Act 2006
tn our Opinio￿ bascd on the work undcrtaken in tbe course of our audit:
the infonnation given in the Trustees, report for the financial period for which the accounts are prepared is
consistent with the accounts, and
the Truste¢s' Report has been Prepared in accordance with applicable legal requirements.
Matters on wbitb we are requlred to report by exception
ihe 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 have nothing to report in respect of the following matters in relation to which the Companies 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 f￿anCIal statements are not in agreement witb the accounting records and the returns; or
certain disclosures of directors, remuneration specified by law are not made. or
we have not received all the infonnation and explanations I require for our audit.
the Trustees were not entitled to prepare the fmancial stat¢ments in accordance with the small companies,
regime and take advantage of the small companies, exemptions in preparing the Trustees, report and from the
requirement to prepare a strategic report..
Responslbfillties of Trustees
As explained more fully in the Statement of Trustees. Responsibilities. the Trustees, who are also directors of the
charity for ihc purposes of company law, are responsible for the preparation of the f￿anCIal staternents and for being
satisfied that they give a true and fakr view. and for such internal control as the directors determinc nccessary to
enable the preparation of accounts that are free from material misstalement, whether due to fraud or error.
In preparing the financial slatements, the Trustees are responsible for assessing the charity's ability to continue as a
going concern,.disclosing as applicable, rnatters related to going concern and using the going concern basis of
accounting unless the Trustees either intend to liquidate the charitable company or to c￿se operations, or have no
realistic alternative but to do so.
Auditor's responsibilities for the audit of the finrdncial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance b'ut is not a guarantee that an audit conducted in accordance with
17

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 in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecling irregularities, including fraud. is detailed below.
Extent to wbich the audit was eonsidered capable of detecting irregularities, including fraud
The objectives of our audit in respecl 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 delection of fraud rests with both management and those
charged with governance of the charitsble company.
Based on our understanding of the charitable company and its operating environment, we detern]ined that the most
significant frameworks which have a direct impact on the preparation of the financial statements are those related to
the reporting framework, (FRS 102, the Charities Aci (Northern treland) 2008, The Charities (Accounts and Reports)
Regulations (Northern Ireland) 2015, the Chariiy SORP and the Companies Act 2006). Additionally, we concluded
that tbere are significant laws and regulations in relation to the company's charitable status and aclivities of which
non-compliance may have a material effect on the fmancial statements.
We assessed the susceptibility of the charitable company's financial slatements to material misstatement, including
how fraud might occur, including evaluating management's incentives and opportunities to manage earnings or
influence the reported results. From the results of our assessment, we deterniined that the principal risks of fraud
relale to posting inappropriate journal entries and use of charity funds for purposes outside of restriclions imposed by
the donor. In common with all audits under ISAS (UK), we are required to perforni specific procedures to respond to
the risk of management overrid¢.
Audit response to ri$k$ identified
As part of an audit in accordance wilh ISAS (UK) we eX¢￿Ise professional judgem¢nt and maintain
professional scepticism throughout the audit. Audit procedures perforn]ed by the engagemeDt tearn
included:
We obtained an understandin8 of the charitable company's inlernal control systems in order to
design audit procedures that are appropriate in the circumstances, bul not for the purposes 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 regislration with the Charity Comrnission for
Northern Ireland and charitable status with HM Revenue & Customs , by making enquiries of
management and those charged with governance.
Enquiry of management, those charged with governance and the entity's solicitors around actual
and potential litigation and claitns.
Enquiry of entity staff to identify any instances of non-compliance with laws and regulations.
Perforniing analytical procedures to identify any unusual or unexpected relationships thal may
indicate risks of material misstatement due to fraud
Reviewing minutes of meetings of those charged with governance
18

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 compl¢teness of income to address th¢ risk of fraud in relation to revenue recognition
Auditing the risk of management override of controls, including through tesling 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 funds outside of restrictions imposed by the donor by review
of funding letters of offer to identify restrictions, and review of fLU]ding claims prepared by
management to check compliance with restrictions.
We communicated relevant laws and regulations and potential fraud risks to all engagement team members, and
remained alert to any indications of fraud or non-compliance with laws and regulations tlwoughout 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 financial 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 e￿Or. as fraud may involve deliberate concealment through collusion. forgery.
intentional omissions, misrepresentations or the override of internal control.
A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting
Council's website at.. htt :/lwww.frc.or
.uk/auditorsres
onsibilites. This description forn)s part of our auditor's
report.
Use of our report
This report is made 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 charitsbl¢ company's m¢mb¢rs those matters we are required to state to them in an auditors,
report and for no other purpose. To the fullest extent pern]itted by law, we do nol accept or assume responsibility to
anyone other than the charitable company and its members as a bodyi for our audit work, for this report, or for the
opinions we have forn]ed.
Ethna Griml
(Senior St
tutory Auditor)
for and on behalf of E A Grimley & Co Limited
Dated 16th October 2024
Cbartered Accountants and Statutory Auditor
16 Clonoe Village Park
98 Washingbay Road.
Clonoe, Dungannon,
Co. Tyrone,
BT714PU
19

FIRST STEPS WOMEN'S CENTRE
Statement of Financial Activities
(including income and expenditure account)
for year ending 31 March 2024
2024
2023
Unrestricted Restricted
Funds
Funds
Total
Funds
Total
Funds
Notes
Income:
Acliviliesfor generalingftsnds
Donations and Legacies
11.550
11,550
14,502
Incomefrom charitable activities..
Grant Income
394,013
394,013
515,841
Capital Grants
1,947
Inveslmenl income
982
982
1,022
Totldl lllcome
394 013
533 312
Expenditure
Expendilure on charitable activities..
Expenditure
443,179
443,179
560,229
Total expendlture
443 179
443 179
560 229
Net IDCODJel{expendlture) and net
movemeDt in funds for the year
12,532
(49,166)
{36,634)
(26,916)
Transfer between Funds
(3.777)
3.777
Reconclliation of funds
Total Funds brought forward
324 073
332 828
415,291
369 902
739 364
702 730
766,280
Total funds Carried forward
The stat¢ment of financial activities includes all gains and losses recognised in the year.
JI income and expenditure derive from continuing activities.
The notes on pAge$ 22 to 34 fom an iDtegral part of th¢se fillancial statements
20

FIRST STEPS WOMEN?S CENTRE
Statement of Financial Position (balance sheet)
a$ at 31 March 2024
3110312024
3110312023
Notes
12
Flxed Assets
319.673
349,454
Current Assets
Grant Income Receivable.
Prepayments
Bank
13
75,055
2.910
312,688
45,359
5,401
344,427
TotAI Current Assets
390.653
395,187
Current LSabllltles
Credit Card
Other wages Costs
Accruals
14
221
546
6.828
1,505
3,772
Total Current Liabilitles
7.595
5,277
Net Current Assets (CA CL)
Net Assets
383 058
702 731
389 909
739,363
Represented BY
Restricted Funds
Designated Funds
Unrestricted Funds
16
15
15
369,902
150,000
182,828
415,291
150,000
174,073
702,730
739,363
These accounts are prepared in accordance with the spe'cial provisions of Part 15 of the Companies Act relating to
small companies and constitute the annual accounts required by the Companies A¢t 2006 and are for circulation to
members of ihe company.
The financial statements were approved by the trustees on 16 October 2024 and SI￿]ed on its behalf:
Maria McGilly,
Chairperson
CompaDy Numb
69
The Dotes OD pages 22 to 34 forni an integral part of these fillAncial statements
21

FIRST STEPS WOMEN'S CENTRE
Notes to the Financial Statements For the Year Ended 31 March 2024
Accounting Policies
Charity Information
First Steps Women's Centre is a private company lirnited by guarantee incoryorated in Northern Ireland. The
registered office is 21 a Willian) Street, Dungannon. Co TyTone, BT70 1 DX.
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in
the preparation of the financial statanents are as follows:
a) Basls of preparation
The financial stalements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of. Ireland (FRS 102} (effective l January
2015) - (Charities SORP IFRS 102)), the Financial Reporting Standard applicable 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 I02. 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 tbe provision of SORP for charities applying FRS 102 Update Bulleting I
not to prepare a Stat¢m¢nt of Cash flows.
The accounts are prepared in sterling, which is the functional eurrency of the charity. Monetary amounts in
these fu]ancial statements are rounded to the nearest £.
b) Preparatlon of tbe accounts on a going concern basis.
The number of using the charity is increasing year on year but the uncertainty surrounding funding is a
significant area of financial uncertainty ihat will invariably impact upon the services that we can offer. The
trustees have mitigated these risks by continually challenging decisions made at government level to ensure
that the impact of provisions of services is minirnal.
The tnistees are of the view that measures have been taken subsequenl 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) Income
Income is recognised when the charity has entitlement to the fvnds, any perforniance 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 Finaneial Statements For the Year Ended 31 March 2024 (continued)
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is
recognised whcn the charity bas entitlement to the funds, any perforniance conditions is
attached to the ￿t$ have been met, it is probable tbat the income will be received and the
amount can be measured reliably and is not deferred.
d) Donated services and facilities
Donated professional 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 tbe use by the charity of the itern 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 th¢ trust¢¢s' annual report for more inforn]ation about
their contribution.
On receipt, donated professional 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 then recognised in expenditure in the period of receipt.
e) Interest receivable
Interest on fimds held on deposit is included when receivable and the amount can be
measured reliably by tbe cbarity; this is nornially upon notification of tbe interest paid or
payable by the Bank.
D 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 have decided at their
discretion to set aside to use for a specific purpose.
Restricted funds are to be solely used for particular areas of th¢ 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 constructive 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 th¢ 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 2024 (continued)
• • Other expenditure r¢pr¢sents those items not falling into any other heading.
The clwity is not registered for Vat. tyrecoverable VAT is charged as a cost against the
activity for which ihe expenditure was incurred.
h) Allocation of support Costs
Support costs are those functions that assist the work of the charity but do noi directly
undertake charitable activities. Support costs include back-office costs. fu￿nCe, persoDnel,
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 chariiy classifies the lease of printing, as operating leases; the title to the equipment
remains with the Jessor and the equipment is replaced every 5 years whilst the economic life
of such equipment is norn]ally 5 years. Rental charges are charged on a straight-line basis
over the temi of the leas¢.
J) Depreciation
Tangible fixed assets
Individual fixed assets costing £500 or more are capitalised at cost and are depreciated over
their estimated useful exonomic lives as follows:
Asset Category
Building Adaptations
Fixtures and fittings and Equipment
Compulers
ADDual rvjte
50/0 Straight Line
200/0 Reducing Balance
330/0 Straight Line
k) Debtors
Funding due and other debtors are recognised at tbe settlement amount due. Prepayments are
valued at the amount prepaid net of any trade discounts due.
l) Casb at bank and in hand
Cash at bank and cash in hand includes cash and short terni highly liquid investments with a
short maturity of three months or less from the date of acquisition or opening of tbe deposit or
similar account.
) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting
from a past event that will probably result in th¢ transfer of funds to a third party and the
amount due to settle the obligation can b¢ measured or estimated Teliably. Creditors and
provisions are nornially recognised at their settlement amount after allowing for any trade
discounts due.
24

FIRST STEPS WOMEN'S CENTRE
Notes to the Financial Statements For the Year Ended 31 March 2024 (Continued)
n) Pensions
Employees of the charity are entitled to join the Workers Pension Trust Scheme which is
fvnded by contributions for employee and employer. Employees are automatically enrolled into
the pension scheme unless they have exercised their right to opt out of scb¢me mcmbership.
Employers Pension contribution represented 30/0 of pensionable pay and employee's
contribution of 5 % of pensionable pay. The trustees are satisfied that any foreseeable change in
employer's contributions can be budgeted for without detriment to the ¢haTity'S ongoing
activities.
o) Financial instruments
The trust only has financial assets and fmancial liabilities of a kind that qualify as basic
financial instruments. Basic financial instrnments are initially recognised at transaction value
and subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the ¢ffcctivc interest method.
Legal status of the Trust
The organisation is a company limiteAI 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 th¢ charity.
Donatlons And Fundralslng
Income from donations and legacies
2024
2023
Donations
Online Donations
Gift Aid
Rental Activity
TOTAL
8,553
25
1,572
8,764
1,233
The Centre benefits greatly from tbe involvement and enthusiastic support of its volunteers
and supporters. In accordance wltb FRS 102 and the Charltles SORP (FRS 102), the
ecoDomic contribution of general volunteers is not recognised in tbe accounts.
25

FIRST STEPS WOMEN'S CENTRE
Notes to the Financial Statements For the Year Ended 31 March 2024 (continued)
Income from Charitable actlvlties
Grant Income
Restricted UDrestricted
TOTAL
TOTAL
3110312024 3110312023
European Social Fund / Department for Economy
271,472
Department for Communities - CIF
59.271
59,271
38,903
Department for Communities - WCCF
Mid Ulster District Council -strategic Community
Development Grant
38,189
38,189
37,051
7,000
7.000
11,814
The Pathway Fund
15,000
15,000
15.000
, TEO (MEDF)
41.223
41,223
40,373
Dfc - Prq) for Work
2.789
clear￿sc
5.669
TESCO (Ground Works)
1,125
CIF - Non match Funding.. Department for Communities
26,993
Garfield Weston Foundation
30,000
Charities Aid Foundation (CAF)
2,500
2,500
2,250
The 29th May 1961 Charitable Trusl
3,000
Mid Ulster District Council - Community Development
6,100
ASDA Foundation
500
Screw Fix
4.300
DFC CIF Funding - Energy Grant Funding {22123)
1,500
The W.G Edwards Charitable Foundation
1,520
Choice Housing
8,339
8.339
3,100
Big ￿ttery - VERA'S Project
93,035
93,035
Apex Housing
4.380
B&Q Neighbourly
3.000
26

FIRST STEPS WOMEN'S CENTRE
Notes to the Financial Statements For the Year Ended 31 March 2024 (continued)
The Edward Gostling Foundation
5,000
MUC Donations
100
100
UKPF - Lev¢lliDg Up - REAP Project
106,899
106.899
The Halifax Foundation
5.000
5,000
The Openwork Foundation
15,000
15,000
STEP - Accounts Receivable
240
240
BREATHE DONATION CETr￿uRION MINGT L
93
93
SWC - Accounts Receivable
424
424
DUNBL4 UK
200
200
DFC - Cost of Living Intervention 23124
394,013
394 013
515 841
Restrleted Funds
Restricted
Funds
Income Allocated to C8pit21 Grants
2024
2023
DOH - HSC - Childcare Partnership
1.947
Investment income
All of the investment income of aris¢s from money held in interest bearing deposit accounts.
27

FIRST STEPS WOMEN'S CENTRE
Notes to the Financlal Statements For the Year Ended 31 March 2024 (continued)
Analysis of expenditure on charitable activities
Expenditure on charitAble
activities:
3110312024
3110312023
Wages and salaries
Redundancy Payment .
Staff T&S ￿XpenSeS
Staff training and recruitment
Facilitation & Events
204,997
204,997
280,963
54,390
1,782
1,582
1.782
3,732
1,582
2,959
3,299
3,299
4,162
Tutor Costs and Exam Fees
60,020
1,419
60,020
45,932
Participant Travel
Participant Training & Course
Materials
1,419
1,391
372
372
371
Volunteer Expenses
Refunds
1,307
319
1,307
1,040
319
Int¢Jpreter Services
Rent and Rates
40
16,047
16,047
15,971
Light and heat
T¢lepbone
Printing, postage and stationery
IT support
Motor expenses
10,297
10,297
14,159
3,545
3,545
2,920
2,966
3,895
3,895
7,379
7,379
3,787
306
306
1,568
Repairs and maintenance
7,973
7,973
9,063
Insurance
5,925
5,925
4,826
Small Equipment Purchase
Creche Equipment
Professional Fees
5,898
5,898
643
1,986
1,986
2,478
870
870
Subscriptions
Accreditation Fees Application
Health and Safety
Donations to other Charities
85
85
346
750
24
24
124
550
550
987
Emergency Assistance
1,230
1,230
2.780
28

FIRST STEPS WOMEN'S CENTRE
Notes to the Financial Statements For the Year Ended 31 March 2024 (continued)
Misc Expenses
1,077
1,077
1,493
Advertising
Participant comfort expenses
Counselling
Depreciation of tangible assets
Support Costs - Note 7
2,162
2,162
2,300
920
1,322
1,322
1,854
I,854
29,782
29,782
31,762
Total Expenses
443,179
443,179
560229
Restricted Expenditure on charitable aclivities for 2024 £588.333 (2023 £560,229).
Analysis of governance and support cost
Current Year
2023
General
support
Governance
Total
Total
Salaries - SC
Audit fees
Legal Fees
Bank Charges
57,688
57.688
3.300
4,690
199
56,874
3,148
5,195
188
65,404
3,300
4.690
199
3,300
Net Income/(expendlture) for the yeAr
2024
2023
This Is staled after charging:
Dq)reciation of tangible assets
29,782
3,300
31,762
Auditors, remuneration
3.148
29

FIRST STEPS WOMEN'S CENTRE
Notes to the Financial Statements For the Year Ended 31 March 2024 (continued)
Analysis of staff costs, trustee remuneration and expenses, and the cost of key management
personnel
2024
2023
Salaries and wages
Social securily Costs
Employer Allowance
Pension costs
246,28
18,928
-5,000
369,180
24,721
5,000
262,685
392,605
No employees had employee benefits in excess of £60,000 (2023: nil).
The charity trustees were not paid or received any other benefits from employment with the Trust in the
year (2023: £nil) neither were they reimbursed expenses during the year (2023: £nil). No Charity trustee
received payment for professional or other services supplied to the charity (2023: £nil).
Staff Numbers
The average montbly head count and the average monthly number of full-time equivalent employees
(including casual aDd part-time staffj during the year were as follows:
2024 2023
Number
Education
Gov¢rnance/Support
12
15
14
17
10 Government Grants
Income from government grants comprises perfonnance related ￿antS made by local authorities
to fund the Educational programmes.
I I Corporation Taxatio
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.
30

FIRST. STEPS WOMEN'S CENTRE
Notes to the Financial Statements For the Year Ended 31 March 2024 (continued)
12 Tanglble r￿ed assets
Leasehold
Property
Plant and
Equipment
Motor
Vehicles
Total
Cost:
As at l April 2023
As at 31 March 2024
458 092
458 092
147 691
147 691
638 565
638 565
Depreciation:
As al l April 2023
Charge for the year
As at 31 March 2024
144,015
122,677
6,254
128 931
22,419
2,591
289,111
318892
Net book value
As at 31 March 2024.
293 140
319 673
As at 31 March 2023
314077
349 454
13 Debtors
2024
2023
European Social Fund / Department for Economy
DFC - CIF & WCCF
DFC CIF Funding
Department for Communities WCCF Funding
TEO (MEDF)
Clear Project IHSC
UKPF - Levelling Up - REAP Project
Choice Housing
SWC - Accounts Receivable
Dtr HWSB
Mid Ulster District Council
Prepayinents
22,693
3.143
524
7,025
24.776
1,171
10.172
1,718
39,720
2,770
240
600
230
5,632
77,965
50,760
14 Creditors: amounts falling due Trvithln one year
2024
2023
Credit Card
Other wages Costs
Accruals
221
546
6,828
7,595
1,505
3772
5,277
A floating Charge dated 281612010 was created by the organisation for securing all monies due to or becoming
due to the organisation to Dankse Bank Ltd.
31

FIRST STEPS WOMEN'S CENTRE
Iyotes to the Financial Statements For the Year Ended 31 March 2024 (contlnued)
15 Analysis of eharitable funds
Balance
Asat 01
April 2023
Funds
Asat 31
Marcb 2024
Incoming
resourees
Resources
expended
Transfers
GeneTal fund
174,073
12,532
(3,777)
182,828
Designated Retained
Reserves
150,000
150000
Total
324,073
12,532
3,777
332,828
General fund
The 'free Teserves, after allowing for all designated funds.
Deslgnated Retained Reserves
Designated ￿nd to cover 4 months operational costs in the event of shortfall on fimding.
16
Analysis of movements in restricted fund
BalaD¢e
Ol Aprll
2023
Funds
Incoming Resources
re$ourees
expended
Transfers
31 Marcb 2024
Education
Total
415 291
394013
394,013
443 179
369 902
415 291
443 179
369 902
Description, nature and purposes of the fund
Education
To provide professional and personal development tbrough education and training.
Assets Property a$$ets fund
The value of unrestricted funds represented by the tangible fixed assets owned and used by the charity on an on-
going basis for educational activities.
32

FIRST STEPS WOMEN'S CENTRE
Notes to the Financial Statements For the Year Ended 31 March 2U24 (continued)
3110312024
3110312023
Income
Garfield Weston F4)undation
The Edward Gostling Foundation
TESCO (Ground Works)
Charities Aid Foundation (CAF)
Choice Housing
The Openwork Foundation
BREATHE DONATION CENTURION MINGT L
SWC - Accounts Receivable
DUNBIA UK
33,785
5.000
60,000
5.000
1,125
1,270
3,613
5,844
93
424
200
Restricted Revenue Income
50,229
66,125
CY4Pital
Fixed Assets
319 673
319,673
349,454
349,454
Total Restricted income
369 902
415 579
17 Analysis of net assets between funds
General Designated
Fund
Funds
Restricted
Funds
Total
Tangible fixed assets
Cash at bank and in hand
319,673
319,673
390,653
7,595
183.596
766
150,000
57,057
6,828
Other net current assets/(liabilities)
Creditors of more than one y¢ar
Total
702 731
182,829
150 000
369 902
18
ContingeDt 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 trustees the ternjs of these letters of offer have been complied with in full and no loss is
expected.
The Comrnunity Foundation For Northern Ireland has a charge over tbe property 21 A William Street,
Dungannon, Co TyTone, Folio TY 106537L.
In the opinion of the trustees no grant is due to be repaid.
33

FIRST STEPS WOMEN'S CENTRE
Notes to the Financial Statements For the Year Ended 31 March 2024 (continued)
19
Capital Commitments
A refurbishment completed in 2018. The project was ￿ant fvnded by The Community Foundation for Northern
Ireland. The organisation bas agreed a 20-year terni lease. Rent will be paid on an annual basis.
20
Related Party transactioDS and ultimate controlling party
The tnistees are the deemed controlling party due to their position within the company..
21
Audilors, ethical Standards
In common with many organisations of its size and nature. the charity uses its auditors lo assist with the
compilation of the statutory financial statements.
34