FALLS WOMENS CENTRE/ IONAD MNA BHFAL LTD FINANCIAL STATEMENTS FOR THE YEAR ETriDED 31ST MARCH 2024 STATEMENT OF DIRECTORS RESPONSIBILITIES The dii-ectoi's are responsible for pi-epai'ing tlie Directors, Report and the financ ial statements in accordance with applicable law and reoulations. Company Law requires tlie directors to prepai'e financial statements for each fiiiaiicial year. The TrLlStees, who are also directors for the purposes of company law, present tlieir I'eport and the financial stateineiits of ihe charity for the yeai. ended 31 st Marcli ?0?4. Tlie Trustees confirin that they coinply with tlie reqLiirements of tlie Chai'ities Act (Noitliern Ireland) 2008 and Accounting and Reportiiiu by Charities.. Stateinent of Recoininended Practice which applies to charities prepai'iiig their accounts in accoi'dance with tlie Financial Repoi'tiniy Standard applicable in the UK and RepLibl ic of Ireland (FRS 102) (effective l January 2015). Under coinpany law tlie d irectoi's Iniist not appi'ove the financial stateinents uii less they are satisfied tliat they give a trLie aiid fair view of the state of affaii's of tlie company and of tlie SLirp lus or defic it of the coinpany for tliat period. Iii pi'epai'ing tliose financial statements, the d irectors al'e required to: select suitab le accoiinting policies and then apply tliein consistently. mal(e j udoeinents and esti111ates tliat are I'easonable and prudeiit; prepare the finaiic ial statements on tlie ooino concei'ii basis Lin less il is iiiappropi'iate to presuine that the coinpany will continLie in business, Tlie directoi's are responsible foi. keepiiia adeqLiate accountiiig records tliat al'e sufficient to show and explain tlie company's ti'ansactions and disclose with reasonable accuracy at any tiine tlie fiiiancial positioii of tlie coinpaiiy aiid enable tliein to ensure tliat the financ ial staleiments coinply with the Coinpaii les Act 2006. They al'e also responsible foi. safegLiard in o the assets of the coinpaiiy and hence for talcino reasonable steps for tlie prevention and detectioii of fraLid and otlier irregLI larities. In so far as the directors are awai'e.. tliei'e is no relevant aiid it information of wliich tlie coinpany's aud itor is unaivai'e. aiid the dii'ectoi's have taken all steps tliat they OLight to have taken to Inake tliemselves aware of any relevant aud it iiiformation aiid to establ ish that tlie aud itor is awai'e of tliat information. By order of the board: ROS.4LEEN JACKSON DIRECTOR ROSALEEN MCCORLEY DIRECTOR DATE 14th December ?0?4 DATE 14tli December 20?4
FALLS WOMENS CENTRE/ IONAD MNA BHFAL LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS, Opinion We have audited the financial stateinents of Falls Womens Centrellonad Mna Bhfal LTD (the 'charity') for the yeai. ended J I Mai-ch 2024 which coinpi'ise the Stateinent of Financial Activities, the Balance Sheet, the Stateinent of Cash Flows and the notes to the financial stateinents, including a suinmary of significant accounting policies. The financial. reporting framewoi'k that has been applied in their preparation is applicable law and United Kingdom Accountino Siandai'ds, includin(T Financial Reporting Standard 102 Thefinanciol Reporting Standard applicabl¥ ii? t17e UK Republic ofJrLland (United Kiiigdoin Generally Accepted Accounting Practice). In oui. opinion, tlie financial stateinents.. give a true and fair view of the state of the chai'itable coinpany's affairs as at J l March 20?4 and of its incoining resources and application of I'esources, including its incoine and expenditure for the year then ended. have been propei'ly pi'epai'ed in accordance with the Financial Repoiting Staiidai'd appl icable in the UK and Republic of Ii'eland (FRS 102) (effective l January 2015) - {Chai'ities SORP (FRS I O•)), tlie Financial Reporting Slaiidard applicable in the UK and Republic of Ii'eland {FRS I O?). have been prepared in accoi'dance witli the I'equii-eiDents of the Companies Act 2006. Basis for opinion We coiiducled our audit in accordance with Intei'national Stai)dai'ds on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibi lities under those standai'ds are fuitlier described in the Auditoi s responsibilities for tlie audit of the accounts section of our repoit. We are independent of the charity in accoi'dance with the ethical requirements that al'e relevant to our audit of Ilie accounts in the Ul<, including tlie FRC'S Etliical Slandai'd, and we have fulfilled our otlier ethical responsibil ities iii accoi'dance with these requirements. We believe that the aLidit evidence we have obtained is sufficient and appropriate lo provide a basis for oui. opinion. Conclusions relating to ooin(y concei'n We have noiliing lo repoit in respect of Ilie following mattel's in relation to which the ISAS (UIC) require us to I'eport to you where.. the trustees, use of the going concei'n basis of accounting in the pi-eparalion of the financial stateinents is not appi'opriate. or tlie ti'ustees have not disclosed in the financial stateinents any identified iiiaterial uncertainties that may cast significant doubl about the charity's abil ity to continiie lo adopt the going concern basi5 of accoLinting for a period of at least twelve Inonths froin the dale when the financial staleinents are authorised for issue. Other information Tlie oll)er iiifoi'rnation comprises tlie information included in the annual repoit. other than tlie financial stateinents and our auditor's repoit thereon. The ti'ustees al'e responsible for the other information. Our opinion on tlie financial stateinents does not cover the otlier inforination and. except lo Ilie exteiit othei'wise explicitly slated in our report, we do not express any forin of assurance conclusion thei'eon. In connection with our audit of the financial statements, our responsibility is lo read the other inforrnalion and, in doino so, considei. whether the other infonnation is materially inconsistent with the financial statements or our knowledge obtained in the audit or othei'wise appears to be aterIallY Inisstated. If we identify such material inconsistencies or apparent malei'ial misstaleinents, we are required to deterinine wheilier there is a material Inisstatement in the financial statements or a material mi55talement of the other information. If, based on tlie work we have perforn]ed, we conclude that there is a material rnisstatemenl of this other infonnation, we are required to report that fact. We have nothing to repoit in this regard. Page 8
FALLS WOMENS CENTRE/ IONAD MNA BHFAL LTD FIN.4NCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS, Matters on wh ich we are req uired to report by exception In the I1h1 of the IKnowlediJe and iinderstandin(F of the Trustees and its environment obtained in the Course of the audit, we have not ideniified Inaterial Iiiisslatements in tlie Trustees, Report. We have nothino to report in respect of the followino Imatters in relation to whicli the Companies Act 2006 requires us to repoi1 to YOLI if, in oui- opinion.. sufficieiil accounting records have not been kept; or the financial slateinents al'e not in agreeinent with Ilie ac¢ountÉng records. oi. certain disclosures of trustees, reinuneration specified by law are not Inade., or we have not received all the infonmaiion and e,Kplanalions we require for our audit. Responsibilities of trustees As explained Inore 1]Y in Ilie Stateinent of Trusiees, Responsibilities, the trustees, wlio are a150 the directors of the chai-ity for the purpose of coinpany law, are responsible for the preparation of the finallcidl stateinents and for beino satisfied Iliat they give a true and fair view, and for such iiileimal control as tl)e directors deteiinine is necessaiy lo enable the pi'epai-ation of financial stateinenls that are free from Inaterial Inissl%Lteinent, whetlier due to fraud or error. Iii prepai'ing tlie financial stateinenls, the tt'usiee5 are responsible for assessints Ilie charity's ability lo continue as a going concern, disclosints as applicable, IT)atters related lo goino concern and usiii(F Ilie going concern basis of accounting unless the ti'ustees either intend lo liquidate the coinpany or lo cease operations, or have no realistic alternative but lo do so. Auditor's respoiisibilities for the audit of the fiiiancial statements Our objLctives are lo obtain reasonable assurance about whether tlie financial slalenients as a wl)ole are free froiii material Inisstaleineiil, wlieiliei. diie to fraud or errol., and lo issiie an auditor's report Iliat incliides our opinion. Reasonable assuraiice is a lii(Th level of assui'ance, but is not a guarantee that ali audit conducted in accordance with ISAS (UK) will always delect a matei'ial misstaleinent when it exists. Misstateinents can ai'ise froin fraLid or eri'or and al'e considered Inatei'ial if, iiidividually or in tlie a
gregate, they could reasonably be expected to influence the e¢onoiT]i¢ decisions of users taken on 11)e basis of these financial stateinents. IITeoularities, including fi'aud, are instances of noii-coinpliance with laws and re(Tulations. We desi(yn pi'ocedures in line witli our i-esponsibilities, outlined above, lo detect Inaterial Inisslatements in respect of irregularities, in¢ludin0 fraud. Tlie extent 10 which our procedures al'e capable of detecting irregulai'ities, includino fraud, is detailed below. Explanation as to M,hal extent tlie audit IV115 coiisidered capabl¢ of detecting irregula I'ities, including frdud The objectives of our audil in respect of fraiid, are to identify and assess the risks of Iaterial misstaleinenl of the financial stateinents due to fi'aud; to obtain sufficient appi-opriale audit evidence reiyai-ding the assessed risks of material misstateinent due to fraiid, through desi{miniF and iimplementing appropriate responses lo those assessed I'isks,. aiid to respoiid appropi'iately to instances of fraud or SLispected fr'aiid ideiitified durino Ilie audit. However, the priinary responsibility for the prevention and delection of fraud resis with botli IT)anageinent and those ¢hai'tyed with governance of rhe Charity. Our approacli was as follows.. We obtained an undei'standino of the legal and reoulalory requireiments applicable lo the charity and considered that the most sitrnificant are the Coinpanies A¢1 ?006 and the Financial Reportino Standard applicable in the UK and Republic of Ireland (FRS I O? l (effective l January ?015) (Cliarities SORP (FRS I O?). Enquiry of manageinent, those charged with governance and the entity's solicitors around actual and potential litilTation and claiins. Enquiry of enritv staff in compliance functions to identify any instances of any non-¢oinpliance with laws and regulations. Reviewing financial stateinellt disclosures and testing to siipportino documentation to assess coinpliance with applicable laws and recrulations.
FALLS 14,0[ENs CENTREI IONAD MNA BHFAL LTD FINANCIAL STATEMENTS FOR THI I'EAR ENDED 31ST MARCH 2024 REPORT OF THE INDEPENDENT ALIDITOR TO THE mE[BERs, Auditin? the risk of management ovei'ride of conti'ols. including tlii'ou41i tesiing joumal cnti-ies and othei. adjustinents toi. appropi'iateness. and evaluating the business rationalc of 5ignificanl ti'ansactions outside rhe normal course of busincss. As part of an audii in accoi'dance witli ISAS {UICI we eiei'cise piofessional judoemenl and Tnaintain professional seepticisin Ihix)ughout the audit. We also.. Identity and assess the I'i5k5 of matei-ial missiatcmcnt ot. the financial sratement5. whetlici. due to fi?ud oi. ei'i'or, design and pei'form audit pi'ocedui'es responsive to tliose I'isLs. and obtain audit evidenec that is sufficient and appi'opi-iate to pi'ovide a basis foi. oui. opinion. The I'isk of not detecting a maiei'ial misstateinent I'esuliino fi'um fi'aud is high¢r than foi. one I'esulting from errol.. a5 fi'aud may involve collusion. forge17. intentional omissions, niisi'epi'esenlations, oi. the ovei'ride of inleixal control. Obruin an undei'standine of intei'nal conti'ol releiiant to the audit in ordei. 10 design audit pi'ocedui'es that al'e appi'opi'iatc in the ¢ircumstances. but not foi. the puiposes of eKpiessing an opinion on the eflectiveness of the cotnpany's inteimal conii'ol. Evaluate the appi'opriateness ofaccounting policies used and the I'easonableness of accouniino estimaies and related disclosures made by the dii'ecloi's. Conclude on the appropi'ialeness of the dii'¢¢lors' use of the ooing ¢onceim basis of accounting and. based on the audit evidence olitained. wheilier a matei'ial unc¢ilainty exists I'elated io events oi. conditions thai mav cast significant doubt on tlie cliai'itj s ability to conliniie as a going concei'n. If we conclude that a niaierial unceiiaintv eAiSt8. we are requii'ed to di'aw aitention in oui. aLiditoi's I'eport to the related disclosures in the financial statemtnls oi.. it'su¥h disclosures al'e inadequate. lo modify out. opinion. Oui. conclusions al'e based on the audii evidence obtained up lo oui. auditoi s I'epoii. However, future event.s oi. coiiditions mav cause the chai'ity to c¢ase 10 continue as a going con¢eix. Evaluate Ilie ovei'all pi'eseniaiion. structure and contenr of the financial slaieinents. includi11 the di$closuI'es. and Mrhethei. Ihe linanLial stateinenls I'cpi'Esent tlie undei'lving ii'ansaLlii)ns and evci)ts in a mannei. that aLhieve5 laii. pi'esentalion. A fuithei. des¢1'iplion of oui. I'esponsibiliiies tor the audit ofilie financial statements is located on ihe Financial Repolting Council's website al.. littp.'/lwww.fi'¢.oi'g.uklauditoi'si'esponsibilities. Tlii5 description foi'nis pail of oui. audiloi s I'epart. We cominunicate with those chaiged with goveimance regai'ding. amonL? other mattel's, the plaiined scope and tiinine of Il)e audit and significant findinos. includiiig any signifi¢anl d¢fiLiencies in inleiral control that we identify. dui'ing our audit. Use of our report This repoi1 is Inade 501elv to the ¢l)ai'ilable conipany's menibei's. a5 a body. in accoi'dance w'ith Chdptei. 3 of Part 16 ofihe Conipanies Act ?006 and I'egulaiions illade undei. thai Act. Oui. audit work has becn undertaken so that we miqht stale lo Ihe chai'itable ¢oinpanv's membei's 11105c Inattei's we are r¢quii'ed to stale to them in an aiidiloi's, repurt und lor nc> other purpose. To the ful lesl extcnt perniitted bv law. we do not accept Ol. U5SUtne I'esponsibiliij. lo anyone othei. tlian the charitabl¢ ¢onipanv and its menibei's as a body. foi. oui. audit ivork. foi. Iliis repoit. oi. foi. the opinions we have I'ortned. LAW'RENCE SHEARER F.C.A., Senior StAtutary .4uditor FOR AND ON BEIIALF OF O'II.4IL4 SHEARI,'R, St¥ltutoi'y Auditor O'H.4114 SHEARER CH.4RTERED ,4CCOLNTANTS AND STATUTORI. ALIDII'ORS 547 Falls Road Belfast BTI 19AB Dated.. 14th December 20?4 Page 10
FALLS WOMENS CENTRE/ IONAD MNA BHFAL LTD FINANCI.4L STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 STATEMENT OF ACCOUNI"ING POLICIES Accountints Coniiention and Basis of Accountin The financial stateiments have beeii prepai-ed linder the historical cost convention. The financial stateinents liave been prepared in accordance with AccountintF and Reportino by Charities: Statement of Recoininended Practice applicable to charities preparino theii. accounts in accordance with the Finaiicial Reportincy Standai'd wliicli appl ies in the UK and Republic of Ireland (FRS 102) (effective l JanLiary 2015) - (Charities SORP (FRS 102)), the Financial Reportino Standai'd applicable in the UK and RepLiblic of Ireland (FRS 102) aiid the Companies Act 2006. Goino Concern At tlie lime of approving the financial statemeiits, tlie trLlStees' have a reasonable ekpectation that the charity has adeqiiate resources to continLie in opei'ational existeiice for the foreseeable future. ThLlS the trustees, coiitinue to adopt the ooiiio concei-n basis of accoLllltin(J in preparinu tlie financial stateinents. Income Reco(Fnition Iiicoine is recognised wlie11 tlie Cliarity lias eiititleinent to the funds, any perfoi'maiice coiiditioiis attaclied to the itein{s) of iiicoiiie liave been Iiiet, it is probable that the incoine will be received and tlie amount can be Ineasui-ed rel iably. Interest ReLeivable Iiiterest on funds lield is inclLided wheii receivable aiid tlie ainount cali be measured reliably. this is noi-mal ly upon notification of the iiiterest paid oi. payable by the Baiik. Resources Expended All e.Ipend iture is accolinted foi. oli an accruals basis and is classified uiider headings that aggregate all costs related to tlie category. Fundi'aisino costs inclLide tlie costs of advertising, prodLicing publ ications, pi'inting aiid Inail in(F fiindraisin material, and staff costs in these ai'eas. Costs of cliai-itable activities iiiclude dii'ect expeiiditui'e iiicurred tlirougli opei'atioiial activities. Goveriiance costs represent tlie costs associated witli the oovernaiice arraiigeinents of tlie charity wliicli relate to the (Feneral rLinning of tlie chai'ity as opposed to tliose costs associated witli fundraising OT cliaritable activity. Fixed Assets All taiigible fixed assets are recoi'ded at cost. Paue 11
FALLS WOMENS CENTRE/ IONAD MNA BHF.4L LTD FINANCIAL STATEMEI NTS FOR THE YEAR ENDED 31ST MARCH 2024 ST.4TEMENT OF ACCOUNTING POLICIES Coiitinued Depreciation Depreciatioii is calcLI lated to wi'ite off the cost of fixed assets over theii. estimated usefLII lives at tlie tol lowino rates: Play area Office eqii ipinent, fixtui'es and fittin(>s Coiiiputei. equipineiit 25 % residual valLie 25 0/0 residual valLie 25 % residual value Repairs and Renewals All repairs and reiiewals al'e written off as iiicurred Pension Costs The charity does CLin'ently opei'ate a defined conribLltion pension scheine. Debtors and Prepayments Trade debtoi's and otlier debtors are recotFnised at the settlemeiit aniolint due afier aiiy discount offei'ed. Pi'epayineiits are valued at the ainoLint prepaid net of aiiy trade d iSCOLints diie. Creditors and Provisions Cred itoi's aiid provisioiis al'e I'ecogn ised whei'e Ilie cliai-ity has a pi'esent obl igation resultiii (s froin a past eveiit tliat will pi'obably resu It in tlie transfei. of fuiids to a tliird paty aiid tlie ainount dLie to settle tlie ob l i (yation cali be Ineasiired or estiiiiated reliably. Creditors aiid pi'ovisions are normally recogn ised at tlieir settleineiit ainount after allowing foi. aiiy ti'ade discounts due. Financial Instrutnents The Chai'ity on ly lias financial assets aiid fiiiancial liabilities of a kind tliat q Lial ify as basic financ ial insti'uments. Basic financial instruments al'e initial ly I'ecognised at transaction value and subsequeiitly measured at cheir settlenient vallie witli ilie exception of bank loans wliich are subseque11tly Iiieasui-ed at ainortised cost Lisino the effective intei'est Inethod. Foreifju Cui'rencies Monetaiy assets and liabi lities in foi'eion cui'rencies are ti'anslated into sterliiig at tlie rates of exchaii(3e rLiliiiu at the balance slieet date. Transactions in foreioii curreneies are translated into sterlincl at tlie rate of exchange ru ling at tlie date of the transaction. ExchancTe d ifferences al'e taken into account in arrivino at the net movement in fuiids. Pa(Fe l ?
FALLS WOMENS CENTREI IONAD MNA BHFAL LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 STATEMENT OF ACCOUNTING POLICIES Continuecl Fund Accountin Uni'estricted fLinds are general fLinds Iliat al-e available for use at the TrLlStees' discretion in furtlieraiice of tlie charitable objectives of tlie cliarity unless the funds have been desigiialed for otliei. purposes. Designated funds are iinrestricted fuiids Set aside by tlie trustees out of Linrestricted fiinds for specific futlire purposes. Restricted fiiiids are those giveii for LlSe in a particular area or foi. specific purposes, Ilie Lise of which is resu-icted to tliat area or purpose. Endowiiment fiinds are SLibject to specific conditioiis by doiiors tliat the capital inust be rnaintained by 11)e cliai'ity. The incoine I'eceived froin fiindei's depends on tlie cliarity rneetiliLTr detailed ci'itei'ia oli ekpenses plans. Graiils giveii under SLicli conditioiis are also giveii subject to tliein beiiig obtained for in coniiection with tlie furtli¢rance of tlie cliarity's aims and objectives. Slich incoime cali be repayable to Ilie flinder if siicli expeiises plaiis aiid criteria are iiot Inet. SLicli incoine is oiily deferi-ed wlieii tlie doiior specifies tliat Ilie grantldoiiation Inust only be Lised in fiitiii'e accolllltiiig periods. or tlie donor has iinposed eoiiditions wliicli InLlSt be mel before the cliai'ity has Linconditioiial eiititleineiit. Iiicoine froiii cliaritable activities inclLides iiicoine received Linder conti'acl or where entitleiiient lo graiit fLiiiding is subject to specific peiformaiice coiiditions is I'ecogni5ed as earned as tl)e related goodslservices are pi'ovided. Graiil ii)come iiicllided in this categoiy provides fundiiig to SLlPPOrt perfonnance activities aiid is i'ecognised wliei'e tliei'e is eiititleinent, certainty of receipt and tlie ainouiit can be Ineasured with SLifficient reliabi lity. Iiicoine is deferi-ed wheii.. fees/pei'forinance related grants are received iii advance of tlie pei'foi'manceleveiit to which tliey relate. RLseri'es Policy Unresli'icted fLiiids are needed to provide fLinds wliicli cali be appl led to specific projects lo enable these projects to be Liiideilaken at short notice and to cover tlie riiiiiiing costs of tlie Charity for a liinited period. slioLild tliei-e be a significaiit slioitfall in projected iiicoine. Tlie Directors consider it prlideiit that Linrestricted reseives slioLild be sufficient to avoid tlie necessity of realisiiig fixed assets lield for Ilie Chai'ity's Lise aiid to cover tlii'ee moiitlis of gl'oss average aiinLial uiirestricted eKpendilLlI'e. Paoe IJ