FALLS WOMENS CENTRE/ IONAD MNA BHFAL LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 ( A COMPANY LIMITED BY GUARANTEI E AND NOT HAVING A SHARE CAPITAL) COMPANY REGISTRATION NUMBER N1041776 CHARITY REGISTRATION NUMBER NIC 101216 O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 FALLS ROAD BELFAST BTII 9AB
FALLS WOlVtENS CENTRE/ IONAD MNA BHFAL LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 CONTENTS Page Members and Professional Advisors Trustees Annual Report (including the Statement of Directors Responsibilities in respect of financial statements) Repoit of tlie Indepcndent Auditors to the Mernbers, 8-10 Accounting Policies 11-13 Statement of Financial Activities (incorporating the income and expenditure accoun 14 Balance Sheet Slatem¢nt of Cash Flows 16 Note5 to th¢ Financial Statements 17-23 Detailed Income and Expenditur¢ Account 24
FALLS WOMENS CENTREI IONAD MNA BHFAL LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 OFFICERS AND OTHER INFORMATION Directors Rosaleen Ja¢kson (Chairperson) Janice Austin Mary M¢Ardle (Vice-chairperson) Jackie Bunting Rosaleen Mccorley (Treasurer) Carol Jackson Alish Scott Centre Management Susan Mccrory (Centre Manager) Catlierine O'Rawe (Finance Manager) Secretary Carol Jackson Registered Offjce Falls Womens Centre 256-258 Falls Road Belfast BT12 6AL Auditors O'Hara Sliearer Chartered Accoiinlants & Stalutoiy Auditors 547 Falls Road Belfast, BTI19AB Bankers Bank of li'eland 202 Andersonstown Road Belfast, BTI19EB Company Registration Number N1041776 Churity Reglstratlon Number XR41398 Charity Commission for North¢rn Ireland Reglstratlon Number NIC 101216 Page I
FALLS WOMENS CENTREI IONAD MNA BHFAL LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 STATEMENT OF DIRECTORS RESPONSIBILITIES The directors are responsible for preparing the Directors, Report and the financial statements in accordance with applicable law and regiilations. Coinpany Law r¢quii'¢s the directors to prepare financial statements for ¢ach financial year. The Trllstees, wlio air also dire¢tor5 for the piirposes of company law, present their report and the financial statements of the charity for the year ended 31 sl March 2023. The Trustees confirm that they comply with the requirements of the Charities Act (Northern Ireland) 2008 and Accounting and Reporting by Charities.. Statement of Recoinrncnded Practice which applies to charities pi'eparing their accoiints in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir¢land (FRS 102) (effective l Janiiary 2015). Under company law the directors must not approve tlie financial statements unless they are satisfied that tliey give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing thos¢ financial statements, the directors ar¢ required to: select suitable accounting policies and then apply them consistently. make judgeinents and estimates that ar¢ reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presuine that the company will continLie in biisiness. The directors are responsible for keeping adeqLiale accounting records that are siifficient to show and explain the coimpany's transactions and disclose with reasonable acciiracy at any tim¢ th¢ financial position of tlie company and enable thein to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence ror taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the directors are aware.. there is no relevant audit information of which the company's auditor is unaware. and th¢ directors have talcen all steps that they ought to have taken to make themselves awar¢ of any relevant audit inforniation and to establish that the auditor is aware of that information. By order of the board: ROSALEEN JACKSON DIRECTOR ROSALEEN MCCORLEY DIRECTOR DATE l4th December 2023 DATE 14th Decetnber 2023 Pag¢ 7
FALLS WOMENS CENTREI IONAD MNA BHFAL LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 REPORT OF THE INDEPENDENT AUDI R TO THE MEMBER Opinion We have audited the financial statements of Fa115 Womens Centrellonad Mna Bhfal LTD (the'charity,) for th¢ year ended 31 March 2023 which comprise the Sialemenl of Financial Activities, the Balan¢e Sheel. the Statement of Cash Flows and the notes lo the financial statements, including a summary of significant accounting policies. The financial POrting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Siandards, including Financial Reporting Standai'd 102 ThefinanciL71 Reporting Standard applicable in ihe UK Republic ofli'eland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fail. view of the state of the charitable company's affaii's as al 31 Mai'¢h 2023 and of its inming resour¢e5 and application of resources, including its income and expenditure for the year then ended. have been properly prepared in ac¢ordan¢e with the Financial Repoiting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l Janauary 2015) - (Charities SORF (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). have been prepared in accordance with the requirements of the Companies Act 2006, Bosls for oplnion We condueled oui. audil in &ccordun¢e with International Siandards on Auditing (UK) (ISAS (UK)) and applicable law. Our I'esponsibililies undei. those standards are fuither described in Ihe Auditor's responsibilities for the audit of the accounts section of our report. We are independent of the charity in accordance with the ethical requirements that are rclevant to our audit of the &ecounls in the UK, including Ilie FRC'S Ethical Standard, and we have fulfilled our othei. ethical responsibilities in accordance with these requirements. We believe thal the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relntlng to golng concern We have nothing lo report in respect of the following matters in relation lo which the ISAS (UK) require us to report to you where.. the Ii'ustees, use of the goin8 ¢oncern basis of accounting in the preparation of the financial statements is not appropriate. or the li'ustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity's ability lo continue to adopt the going concern basis of accounting for a period of at least twelve month5 from the dale when the financial statements are authorised for issue. Other information The other information comprises the information included in the annual report, other than ihe financial statements and our auditor's report thei'eon. The trustees are responsible for the other information. Our opinion on the fin&nci&l statement5 does not cover tlie othei. inforimation and, except to the extent otherwise explicitly stated in our repoi't, we do not express any form of assurance conclusion Ihereon. In connection with our audit of the financial slalements, our responsibility is to read the other infonnation and, in doing so, consider whether the other infonnalion is materially inconsistent with the financial statements or our kmowledge obtained in the audit or oiherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misslalements, we are required to determine whether there is a material misstateTnent in the financial statements or a material 11115slatement of the other information. If, based on the work we have performed, we conclude that there is a material misslalement of this other infonnation, we are requii'ed to report that fact. We have nothing to report in this regard. Page 8
FALtS WOMENS CENTREI IONAD MNA BHFAL LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS, Matters on which we are requlred to report by exception In the light of the knowledge and understanding of the Trustees and lis enviromnent obtained in the course of the audit. we have not identified material Inisstatements in the Trnstees, Report. We hav¢ nothing lo report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in OLII. opinion.. sufficient accounting records have not been kept. or the financial statements are not in agreement with the accounting records. or certain disclosure5 of trustees, reinuneration specified by law are not Iade,. or we have not Teceiv¢d all th¢ infonnation and explanations we require foi. our audit. Responsibilities of trustees As explained Inore ]lY in the Sialeinent of Trustees, Re$pon$ibilities, tlie trustees, who are also th¢ directors of the charity for tlie purpose of coinpany law, are responsible for the prepai'ation of the financial stateinenls and for being satisfied that they give a true and fair view, and for such intemal control as the director5 delerniine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due lo fraud or error. In preparing the financial Statements, the trustees are responsible for assessing th¢ charity's ability lo continu¢ as a going concern, disclosing, as appli¢able, matters related 10 going concern and using Il)e going concern basis of accounting unless the trustees either intend to liquidate th¢ coinpany or to cease operations, or have no realistic alternative bul lo do so. Audltor's responsibilities for the audit of the financial stntements Our objectives are lo obtain reasonable a5suran¢e aboul whether the financial staiements as a whole are free fiom material Inisstatemenl, whether due to fi'aud or error, and lo issue an auditoes report that includ¢s our opinion. Reasonable assurance is a high level of assurance, bul is not g gLiaranl¢e that an audit conducted in accordance with ISAS (UIC) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and al'e ¢onsidered material if, individually or in the aggregate, they could reasonably be ¢Kp¢Gl¢d lo influence the econoinic decisions of users taken on the basis of these financial slaleinenls. Irregularities. including fraud, are instsnces of non-coinpliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to delect Inalerial misstaleinenls in Spect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. Explanation to what extent the audit was consldered capable of detecting Irregularltles, Including fraud The objectives of our audit in Spect of fraud, are to identify and assess the risks of mal¢rial misstatement of the financial statements due lo fi'aud. lo obtain sufficient appropriate audit evidence regarding the asses5¢d risks of material mis51ateinenl due lo fraud, through designing and implementing appropriate responses io those asse55¢d risk5,' and lo respond appropriately to instances of fraud or suspected fraud id¢ntified during the audit. However, the primary responsibility for the prevention and detection of fraud rest5 Wlth both management and those charged with governance of the Charity. Our approach was as follows: We obtained an understanding of Ih¢1¢8al and regulatory requirement5 applicable to the charity and considered that the most signifi¢anl are the Companies Act 2006 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l Janaury 2015) - (Charities SOIiP (FRS 102). Enquiry of manag¢ment, those Charged with gov¢mance and the entity's 501icitor5 around acthal and potential litigation and claims. Enquiry of entity staff in compliance functions lo identify any instances of any non-¢ompliance with laws and regulations. Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulation8. Page 9
FALLS WOMENS CENTREI IONAD IWINA BHFAL LTD FINANCIAL sTATEIENTs VOR THE YEAR ENDED 31 TMAR H202 REPORT OFTHE INDEPENDENT A DI R TOTHE lEMBERs. Auditing the risk of management overi'ide of controls, in¢luding through testing jouimal entries and oih¢i' ELdjustments for appiY>priatene$s. and evaluaiing the business rutionale of yisnifi¢unt ITansa¢tions outsid¢ ihe nomi1 course of business. As part of an audit in accordance with ISAS (UK) we exercise professional judgement ond maintain professional 5cepticisrn throu8hout th¢ audit. We a150'. Ideniify and asse53 the risks of material mi5Stateinent of the financial StatnentS, whethei. due to IIBud or enDI', d¢si8n und perfoi'm audit pro¢edur¢s responsive to those risk5, and obtain audit evidence that IS Sufficient and appmpriatc to provid¢ a basis foi. our opinion. The risk of not detecting a rnatei'ial misstatement resulting from fraud is higher Ihaii for on¢ r£sulting from errol., as fraud may involve collusion, forgery, intentional omi33ions, misrepi'es¢nlation5, or th¢ ov¢n'id¢ of internal contiDI. Obtain an understandin8 of intemAI ¢ontrol relevant lo the audit in order to design audit piD¢¢dures tha¢ are appi'opriat¢ in th¢ ¢ir¢umslone¢s, bui noi for ¢he pu0$¢5 of expir$sing un opinion on the ¢ffe¢liv¢n¢ss of the company's internal eontiDI. Evaluate th¢ appi'opriutcn¢ss of a¢¢ounting policies used and Ihe reasonablenes5 of accounting ¢stimate5 and related disrlosuit3 mad¢ by th¢ director5. Conclude on the fLpproprioteness of the direetors, use of the goin8 ¢oncem b&si$ of aceounting and. bosed on the audit evidence obtained, whether a motei'ial uncertainty exists related to events or conditions that may c&81 Significant doubt on the charity's ability to continue as a goin8 concei'n. If we conclude Ihot a material unLeilainty exists, we 't required lo draiv attention in our auditor'8 rep)11 lo the related disclosures in the linoneial slotemenl8 I., if such disclosures are in&dequale, to modify oui. opinion. Oui. eonclusions are based on the audii evidence obtained up to OUT auditorfs repoil. However, future events or condilions mrLy cause the charity to cease to continue a$ & going con¢ei'n. Evoluate the overall pres¢ntation, Sli'ucture and content of the financial statements, including the di5¢105UI'¢3, and whethei. th¢ finon¢ial slai¢m¢nls r¢pre$ent the underlying ITunsllCtion5 and ¢v¢nt5 in a manner Ihat achi¢ve$ fair pirsentalion, A fuiiher desci'iption ot'our responsibilities for Ihe audit of¢he financial 5tat¢Tn¢Dts 1$ located on the Financial Rep¢iting Counbil's websitr al: httpJlwww.fir.oi'g.ukl&uditoi'sresponsibiliti¢$. This description foiTns pail of our 8udito¢$ rcport. We communicate with those chai'ged with 8ovemance regarding, among othei. matters, Ihe planned SLope and liming of th¢ audit and si8niticaiit tindin8s, including any signiticant deficiencies in inlemal control thai we identify during oui. audit. Use of our r¢porl This r¥poil IS tnad¢ sol¢ly lo th¢ ¢h8riiable ¢ompangs m¢fflbern. a body, in &¢wrdan¢¢ with ChapleT 3 of Pai1 16 of the Componies Acl 2n06 i'Egulations rnade und¢i' that Ac¢. Our audit work has been undertaken so Ih¥LI wc mi8hi 5tal¢ 10 the choritable company's members those rnatters we are required to State to theTn in an auditors, report and for no other PUTPOSe. To the fullest extent pei'mitted by law, we do not accept or Èssume responsibility to anyone other thon the choi'itable compony And it members as EL bod or our audit work, for this Irport, or foi. the opinions we have fomied. LAWRENCE SHEARER F.C.A., Senior Statutory Auditor FOR AND ON BEHALF OF O'HARA SHEARER,Stotutory Auditor O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTOR Y AUDITORS 547 Falls Road Belfast BTII 9AB DAted: 14th Decembei. 2023 Page 10
FALLS WOMKNS CENTRE/ IONAD MNA BHFAL LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH2023 STATEMENT OF ACCOUNTING POLICIES Accounting Convention and Basls of Accounting The financial statem¢nts have been prepared Linder the historical cost convention. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to chariti¢s preparing their accounts in accordance with the Financial Reporting Standard which applies in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and R¢public of Ireland (FRS 102) and the Companies Act 2006. Going Concern At the time of approving the financial statements, the trustees, have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable fiiture. Thus the trustees, continue to adopt the going concern basis of accounting in preparing the financial statem¢nts, Income Recognition Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the ilem(s) of income have been met, it is probable that the income will b¢ received and tlie amount can be measured r¢liably. Interest Receivable Interest on t.unds held is incliided when receivable and the amount can be measur¢d reliably; this is normally upon notification of the interest paid or payable by the Bank. Resources Expended All expenditure is accounted for on an accruals basis and is classified under headings that aggregate all 05ts related to the category. FLindraising costs include the costs of advertising, producing piiblications, printing and mailing fundraising material, and staff costs in these areas, Costs of charitable activities includ¢ direct expenditure incurred through operational activities. Governance costs repr¢sent th¢ costs associated with the governance arrangements of the cliarity which relate to the general running of the charity as opposed to those costs associated with fundraising or charitable activity. Fixed Assets All tangible fixed assets are recorded at cost. Pag¢ 11
FALLS WOMENS CENTRE/ IONAD MNA BHFAL LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 STATEMENT OF ACCOUNTING POLICIES Continued Depreciation Depreciation is calculated to wi'ite off the cost of fixed assets over their estimated Liseful lives at the following rates.. Play area Office equipment, fixtures and fittings Computer equipment 25 % residual vallte 25 % residual value 25 % residiial value Repairs and Renewals All repaii's and renewals are written off as incurred Pension Costs The charity does currently operate a defined conribution pension scheine. Debtors and Prepayments Trade debtors and other debtors are recognised at the settlement amoiint due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Creditors and Provislong Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably rcsiilt in the transfer of funds to a third paity and the amount dLl¢ to settle the obligation can be measured or estimated reliably, Creditors and provisions are normally I'ecogniscd at their settlement amount after allowing for any trade discounts diie. Flnancial Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instrLiments. Basic financial instruments are initially r¢cognised at transaction value and subsequently measured at their settlement value with tlie exception of bank loans which are Subsequently measured at amortised cost using the ¢ff¢ctive interest method, Foreign Currencies Monetary assets and liabilities in foi'eign ciirr¢nci¢s al'e translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at tlie rate of exchange rLiling at the date of the transaction. Exchange diffei'ences al'e taken into account in arriving at the net movement in funds. Page 12
FALLS WOMENS CENTREI IONAD MNA BHFAL LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 STATEMENT OF ACCOUNTING POLICIES Conllnued Fund Accoulltlng Unrestricted funds are general funds that a available for use at the Truslees, discretion in furtherance of the charitable objectives of the charity unless the funds have been designated for other purposes. Designated funds are unrestricted funds set aside by tlie trustees out of unrestricted funds for specific future purposes. Restricted fLinds are Ih05e given for use in a paiticular area or for specifi¢ piirposes. tlie use of whicli is restricted to that area or purpose. Endownmenl funds are subject to specific conditions by donor5 that the capital must be maintained by the charity. The income received from flinders depends on the charity meeting detailed ¢rileria on expense5 plans. Granis siven Linder such coiiditions are also given siibject to them being obtained for in connection with the furtherance of the charity'5 aims and objectives. Sii¢l) income can be repayable to the funder if Slich expenses plans and criteria are not mel. Siich income is only deferred when the donor spe¢ifies that the grantldonation musl only be used in future accountiiig periods. or the doiior has imposed conditions which must be Inet before the charity has unconditional entitlement. Income from charitable activities includes incoine received under contract or ivhere entitlement to graiil fiinding is subject to Specific perfomiance condition5 is recognised as earned as the related goods/servi¢e5 are provided. Grant income iiicluded in Ihis Category provides fiinding to 5llPPOrt performance activities and is recognised wliere there is entitlemen( certainty of receipt and the amoLint can be measured wilh sufficient reliability. In¢oine is deferred when: feeslperfoi'maiice related grants are received in advance of the performancelevenl lo which they relate. Reserves Polley Unrestricted funds are needed lo provide funds which can be applied to specific projects to enable these projects to be undertaken at short notice and to cover the running costs of the Charity for a limited period, should there be a significant shortfall in projected income. The Director5 consider it prudent tliat unrestricted reserves sl)ould be suffi¢ieiit to avoid the necessity of realising fixed assets held for tlie Cliarity's use and to cover three month5 of gross average annual unreslricled expenditure. Page 13
AL IEN ENTREI IONA F FINANCIAL A TIVITIES OR THE BH S]'ATEP¥lENT Ineo lh¢ Intomt tx nt DED I¥IARCTrI 2023 Uni'¢5tricted Re51J'loted EndowDm¢nt Funds TOTAL 2023 TOTAL 2022 NOTES INCOfvIE AND ENDOWNI¥IENTS FRofl: Donaiions and legacies Incotne frtstll iTLvestmenis Inconie from cliarilable activities Incoinc from other tr8din8 aeiiviti¢s 224 329 136,609 136.833 329 389,965 212 158 43,624 67 419,643 93.342 389.965 115,942 96,216 TOTAL INCOlwlE AND ETr4DowNlEl NTS 96,769 642J16 739,285 556,676 EXPENDITURE ON,, Exp¢nditure on rni5ing funds Expenditure on charilable activitiey Oilier cxpendilure Nel 8oinslllossesl on inve5tin¢ 51,484 657,671 709,155 613,272 TOTAL RESOURCES IIYPENDCID 51,484 657,671 709,155 613.272 NET INCOfvIEIIE.XPENDITUREI 45,285 IIS,1551 30.130 156 J961 Tr&nsf¢TS betiveen flind$ NET [OVEIENT IN fiUh'DS 45,285 115,155 30,130 156,5961 RECONCILIATION OF FIINDS TOTAL FVNDS BROIIGHT FORIVARD 511.745 51.901 563,646 620,242 TOTAL FUNDS CARRIED fi0111vARD 557.030 36.746 593,776 563,646 Tlie Stotement of Flnnn¢lttl Actlvltlei In¢ludti Rll g4lns ond lojjcy In tlit yeAr and Ihti'efort StMttm¢nt of Totiil RcLognls¢(l Galns nn(l Losses hni ntsl betn prtp41.ed All of tlie knbovo amollnts relLte to ttsntln¥lrtg Actlvltlts Th¢ U¢¢Oml>Anyln8 o¢¢othAdrti pnll¢lei 4rtd th¢ ThDt¢¥ fprm pILrt Trtlhe$o nn*n¢lJl siai¢m¢thts PA8e 14
FALLS WOMENS CENTREI IONAD MNA BHFAL LTD BALANCE SHEET AS AT 31ST MARCH 2023 2023 2022 NOTES FIXED ASSETS Tangible assets 436,338 436,5l6 CURRENT ASSETS Debtors and prepayinents Cash at bank Cash in hand 71,755 240.449 68,135 210,042 10 312.204 278,177 Creditors: amounts fAlling due within one year 12 (154,766) (l 51,047) NET CURRENT ASSETSI(LIABILITIES) 157,438 127,130 TOTAL ASSETS LESS CURRENT ASSETSI( LIABILITIES ) 593,776 563,646 Creditors: 4mounts falling due after more than one year NET ASSETSI(LIABILITIES) 593,776 563,646 FUNDS: ENDOWNMENT FUNDS UNRESTRICTED INCOME FUNDS 13115116 557,030 511,745 RESTRICTED INCOME FUNDS 13115117 36,746 51,901 593,776 563,646 APPROVED ON BEHALF OFTHE BOARD OF DIRECTORS: Nc ROSALEEN JACKSON DIRECTOR ROSALEEN MeCORLEY DIRECTOR DATE 14th December 2023 DATE 14th D¢cember 2023 The uceompAnyin8 ftecounting polieles llnd notes form pllrt of these finnneilll stlltemellts Page 15
FALLS WOMENS CENTREI IONAD MNA BHFAL LTD STATELIqENT OF CASH FLOWS FOR THE YEAR ENDED 31ST IVIARCH 2023 2023 2022 NOTES CASHFLOWS FROM OPERATING ACTIVITIES Cash generated from operations 14 30,408 16.512 Nel cash inflowl(outflow) from operating activities 30.408 16.512 Investing aetivities Investment income Purchase of tangible fixed assets Acquisition of investments Disposal of investinents Disposal of tangible fixed assets Net cash from Investing activities IDcrease/{decrease) in cash and c45h equivlllents sn the year 30,408 16,512 Cash and ellsh equivalents at tb¢ beginnillg of the year 210,042 193,530 Casb and eush equlvolents at the end of the yeAr 240,450 210,042 Relating to.. C2sh 4t bankand In hand 10 240,450 210,042 The nc¢ompnnylng Accounting policies ond notej form pArt of ¢hes¢ fin&nrl4151Dt¢ment5 Page 16
F.4LL WOfvIEN CEIYTR FINANCIAL sr.4TElI IENTS FOR THE YEAR I. DONATIONS AND LEG.ICIES Unre$iricltd Restrfcted Fund$ Fund> Unrestricted Restricted Funds Funds 202J 2022 Donations Lewies 224 264.J7? 264,596 877 144.193 145,070 Le55'. D2fcrred Inctyn¢ 127.763 127 763 2ry4 136.609 B77 4J.624 2. tNCOfvIE FROfvI INVISThlENTS ureIrl¢1td REStricted Funds Unrestrictod Restri¢l¢ FuThds 2023 2022 Incorn¢ frorn UK lisled inve5¢men Incorn¢ frarn ¢D5h 329 329 67 67 329 329 67 67 3. INCOfvIK FROP¥l CIVARITABLE AcfiviTIES VThrey1rlci Rejlrkled Fllnds Unrcstrlcied R¢sir4eitd Fund$ Ftsn 102J 2022 Belf051 Ctty Council ThB &¥eculivo Offi¢e Dep8rtmeni forcommuniiies. BRO Children in N¢ed DepJnm¢niofHeolth Bnd Sf*ial Services Early Ye4ts Public Heolih A8eney Beifosi Healih & Social CareTru81 Coillmuniiy Relalions Council Education Auihorily UpperSprinKfi¢ld Development Trust Loitcry.COVttk19 Belfasichildcore Pnrtn¢rship HM Revenue & Cu51oins- Job Relenlion Support SL'heme Wvmens Support N¢hYork- Fresh Sithrt Wom¢n5 Thrive fund l.Sinollivood Trus11 18,SQO 35.642 192.599 18,500 35,642 192,599 20,500 20,500 196,349 32.416 347 33.316 13,940 17,220 28,396 12,044 196,J49 J?,416 347 3J,J16 lJ,940 17,220 28,396 12,044 26,224 575 27,916 575 27,916 24,189 17,899 29,020 17,899 ?9,InO 4,614 ,756 2,736 684 684 2.736 208 25,828 208 25,828 L¢5s', D¢ferred IrKome 389,965 4,B22 4. INCOMÉ fROfvI OTHER TRADING AcfiviTIIS UnrcJlrIcl Rc51rlcltd riunds Funds VnreilAcl¢d Re¥lrlcieil 202J 2022 Fundrni51n8 Genernted income 97,766 122,058 219,824 7J,413 94.8JO Lt$5,' Dtferred Income 9J.J42 Pa¥e 17
LLSW IEIY.S CEKfREI IONAD fvINA BFIFAL LTD NOTES TO THI fiNANCIAL ST.4TEfvIENTS FOR TFIE YEAR ENDED 31ST lAR(.. 2023 S. LXPENDITURE ON IIAISING FUNDS Unresirltitd RtSir¢ed Unrestrktd Re51rlcte Funds 2ts2) 2021 Promotional Bnd fundruisill8 costs EXPENDITVRE ON CHARITABLE ACTIVITIES Unrestr•¢ R¢51rl¢lt Funds Funds un51¥1¢ RestrlctLyl 2023 2n22 Wa8e5 and slllaries (SeeNoie &) Soci41 security cos1$ (Se¥ 8) Sioft'developmenl Dnd irninin8 Regislrlliion Dnd exom fee5 Tutor fees Counxlling Theropies Trov¢l and subsi3iance cosls 400.335 48,197 4,335 48,197 366,142 43,104 J66,147 3,104 840 840 5.054 5,424 13,350 43,468 5,895 10.478 13,350 43,468 5,895 8.512 13.790 29,831 3,300 260 6.583 407 49,996 346 13,790 ?9,851 3,JOO 55 6,58J 1,526 77.108 10.582 466 Proyramme a1 project cost8- core Progrsmme COSL8. creche Sundry expenses 3,492 8,892 115,334 534 9,426 632.876 630,633 39J62 512,291 561.6£3 Sui>pori Costs An¢J Gov¢rD9n¢e ¢oJts Teleplione and iniernei In5uronLe Light ond heal Wakr rates Clc&nirt8 Advtrtisi118 Priniing, rA)31D8C. photocopyln& shreddin8 and sioiionery uilding refurbi&limont£OslS RepDirs and rnllinl¢n4nio 6,706 3,160 3,556 6,706 6.187 10,247 2,040 2,921 7.437 7,437 5.806 3.027 6,691 2.040 1.649 1946 8.317 829 829 1.953 792 3.529 4,665 399 3,083 3.482 3.JJ4 2,750 1,300 4,834 4,562 J,475 3.776 9J9 1,000 6.655 2.140 6.150 238 405 1.004 20 1.939 6.655 2.14Q 6.605 238 3.426 Il. EquipIrlI1 moinieiiDnce Capiial cquipmeni ¢osis Dep101100 Audii fee5 Le8DI oiher profe55ionnl fees Siibslriplions and lice¢$ Bank intere* ond ¢linrKes 5,475 3,776 455 4.174 786 584 4,174 786 584 1.388 J,021 642 662 33,727 24,795 522 9J20 51.619 TOTAL EXPÉNDITURE ON CHARII'ABLE ACTIVITIE5 51,484 657,671 709.155 48.682 Sfy4.590 613,272 Pa8e18
FALLS WOMENS CENTRE/ IONAD MNA BHFAL LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 7. NET (OUTGOING)I INCOMING RESOURCES FOR THE YEAR This is stated after chargingl(crediting) 2023 2022 Aiiditors remuneration Depreciation 4,174 178 3,426 . SALARY COSTS AND EMOLUMENTS 2023 2022 Total staff costs were as follow5: Wages and salaries - key management personnel Wages and salaries - other staff Employer social security costs - key management pcrsonnel Employer social Security costs other staff Employer social security costs - Statutory Matemity Pay Recoverable Employer social security Costs - Eillployment Allowance 70,226 330,109 12,883 40,314 68,136 298,006 12,076 35,028 5,000 4,000 448,532 409,246 The average monthly numbei. of ¢mployecs diiring the year was as follows: 2023 Number 25 2022 Number 23 No employees had emoluments in excess of £60,000 (2022.. £Nil) Trustees, remuneration and benefits There was no tru5tees' remuneration or other benefits for the year ended 3 1st Mai'ch 2023. (2022: £Nil) Trustees, Expenses There were no triistees, expenses paid for the year ended 31st March 2023. {2022: £Nil) Page 19
FALLS WOMENS CENTRE/ IONAD MNA BHFAL LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 9. TANGIBLE FIXED ASSETS Office Equipment & Fixtures Land & Garden Buildings Centre Play Area Computer Equipment Total COST As at 1st April 2022 430,902 4.899 5,113 108,203 16,079 565,196 Additions Disposals As at 31st March 2023 430,902 4,899 5,113 108,203 16,079 565,196 DEPRECIATION A5 at 1st April 2022 5,113 108,203 15,364 128,680 Charge for year Eliminated on disposal 178 178 As al 31st March 2023 5,113 108,203 15,542 128,858 Net book value 2023 430,902 4,899 537 436,338 Nel book value 2022 430,902 4,899 715 436,516 10. CASH AT BANK 2023 2022 Bank of Ireland - Deposit Account Bank of Iland- General Account Bank of Ireland - Creche Current Account Bank of Ireland - Number 2 Curirnt Account 178,923 41,725 11,348 8,453 168,595 29,122 8,888 3,437 240,449 210,042 Page 20
FALLS WOMENS CENTREI IONAD MNA BH NOTE TFIE FIINA IAL STATEMENTS OR TH YEAR ENDED 31ST MARCH 2023 TD I I. DEBTORS: AMOUTr4TS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade debrors GTanls receivable- restricted Grants receivable- unrestricted Prepajments 68.686 3,069 65,039 3.096 68.135 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Bank ov¢rdrafts Social security costs and other thxes Nel pay ¢ontrol Account Deferred income- r¢stri¢led D¢f¢rred inLome- unrestricted Accrued expenses 1145) 9.938 135,429 1.821 9,376 126,283 13,567 154,766 151,047 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS Tangible Debtors Ch ai Fixed nd Bank and Assets Prepuymenls in Fland Creditors and A¢¢Tuals Transfers between Funds 2023 2022 Unr¢s¢r1cl Fund5 436,338 3,069 105,020 13.5ni 16,175 557.030 511,74J Eiestricled Funds 68.686 135,429 {16,1751 36,746 51,901 Total Funds 436,J38 71.755 240 449 154.766 593,776 563.646 14. RECONCILIATION OF OPERATING PROFITTO NET CASH FLOW FROM OPERATING CTIVITIES FROM OPERATING ACTIVITIES 2023 2022 Operntin8 Surplug{D¢fi¢iil for the year Dcpr¢¢iation Movement in debtors Movement in creditOT5 Gain on investments IProfityLos5 on di5posuI ofFixed Assets Investment income 30,130 179 13.6201 3.719 (56,596) 238 (58,747} 131.617 Net tAsh inflowlloutflow} from operating a¢livltie3 30,4Q8 16,512 Page21
FALLS IV IENS ENTREI IONAD MNA BHFAL TE THE FINANcIALsfATE[Er FOR TFIE YE4R ENDED 31ST lARCH 2023 15. fwlOVEMENT IN FUNDS Nei lOVeMent In Fun¢li 2023 Openlni BAlxnce TrAS[ell behveeTr Funds Income Expendliure 2023 2022 Unre*ricied Funds 96,769 45,285 557.030 Resiricted Funds 64?,516 1657,6711 36,746 Y>J.646 739,285 709,ISS 593,776 563.646 PWZZ
FALLS WOMENS CENTREI IONAD MNA BHFAL LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 16. UNRESTIUCTED INCOME FUNDS 2023 2022 Balance at I st April 2022 5ll,745 479,246 Incoming resources for the year Resources expended for the year Transf¢r b¢tw¢¢n funds 96,769 (51,484) 81,181 (48,682) Balance at 3 1st March 2023 557,030 511,745 17. RESTRICTED INCOME FUNDS 2023 2022 Balance at I st April 2022 51.901 140,996 Incorning resoiir¢es for the ycar Resoiirces expended for th¢ year Transfer between fiinds 642,516 (657,671) 475,495 (564,590) Balance at 3 1st March 2023 36,746 51,901 18. LEGAL STATUS Falls Womens Centre/ lonad Mna Bhfal LTD is a Company Limited by Giiarantee. Each rnember has agre¢d to contribLlte £ l in the event of a compulsoi'y winding LIP. Falls Womens C¢nti'el lonad Mna Bhfal LTD is register¢d with Tlie Charity Comrnission for Norlhei'n Ireland, Charity Number 101216. Date of registration 30th November 2015. Falls Womens Cenlrellonad Mna Bhfal LTD is a recognised Charity within the definition of Section 360(3) Income and Corpoi'ation Taxes Act 1970 by t]i¢ Commissioners of the HM Revenue & Customs. Page 23