OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-02-28-accounts

NORTH BELFAST WOMEN'S INITIATIVE AND SUPPORT PROJECT

Financial Statements for the year ended 29 February 2024

Registered Charity in Northern Ireland (NIC101600)

NORTH BELFAST WOMEN'S INITIATIVE AND SUPPORT PROJECT STATEMENT OF FINANCIAL ACTIVITY

Year ending 29 February 2024

Receipts
Note
Donations and Legacies
3
Charitable activities
4
Other income
5
Investment income
6
Sale of investments
Sale of fixed assets
Loans received
Total Receipts
Payments
Raising funds
8
Charitable activities
9
Support & Governance costs
10
Refurbishment Project
Social economy
Purchase of investments
Purchase of fixed assets
Loan repayments
Total Payments
Net receipts/(payments)
Transfers between funds
Net movement of funds
Funds brought forward
Funds carried forward		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
0
0
0
6,518
217,988
0
0
0
0
0
0
0
Total 2023
0
224,506
0
0
224,506
0
0
0
0
224,506
0
174,562
26,549
0
0
201,110
0
0
0
0
201,110
23,396
0
23,396
93,682
117,078		 Total 2022
0
283,881
0
0
6,518
217,988
0		 283,881
0
0
0
0
0
0
0
0
0		 0
0
0
0
0
0		 0
6,518
217,988
0		 283,881
0
0
0
0
174,562
0
822
25,726
0		 0
220,120
18,913
822
200,288
0		 239,033
0
0
0
0
0
0
0
0
0		 0
0
0
0
0
0		 0
822
200,288
0		 239,033
5,696
17,700
0
20,000
-20,000
0		 44,848
0
25,696
-2,300
0
8,575
85,107
0		 44,848
48,834
34,271
82,807
0		 93,682

Registered Charity in Northern Ireland (NIC101600)

NORTH BELFAST WOMEN'S INITIATIVE AND SUPPORT PROJECT STATEMENT OF ASSETS AND LIABILITIES As of 29 February 2024

Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Funds Reconciliation
Bank and Cash at start of year
8,575
85,107
0
Net movement in funds
25,696
-2,300
0
Bank and Cash at end of year
34,271
82,807
0
Fixed Assets - Note 13
> Premises
> Fixtures, Fittings, Equipment
> Vehicles
Bank & Cash Balances
Cash & Bank Accounts
Other Assets
Debtors & prepayments - Note 14
Liabilities
Loans
Other - Note 15
Total Funds		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
8,575
85,107
0
25,696
-2,300
0
Total 2023
93,682
23,396
117,078
0
2,162
0
2,162
117,512
117,512
0
0
0
2,596
2,596
117,078		 Total 2022
52,925
44,848
34,271
82,807
0		 93,682
0
3,662
0
3,662
92,261
92,261
0
0
0
2,241
2,241
93,682

Approved by the Trustees at a meeting and signed on it's behalf by: -

Lorraine Drumgoole Mrs B Fisher Chairperson & Holding Trustee

Christine Kirk Mrs L Drumgoole Chairperson & Holding Trustee

Registered Charity in Northern Ireland (NIC101600)

NORTH BELFAST WOMEN'S INITIATIVE AND SUPPORT PROJECT STATEMENT OF ASSETS AND LIABILITIES

YEAR ENDED 29 FEBRUARY 2024

1. ACCOUNTING POLICIES

BASIS OF FINANCIAL STATEMENTS

As the total income of the congregation was more than £250,000 the Charity has to prepare its accounts on an accruals basis, in line with the provisions in The Charities Accounts and Reports Regulations (Northern Ireland) 2015. The same basis is still followed.

The accounts have been prepared in accordance with the Accounting and Reporting of Charities SORP in accordance with FRS102.

Income is included in the Statement of Financial Activities (SoFA) when the church becomes entitled to the resources and the monetary value can be measured with sufficient reliability. This includes claims made under Gift Aid, where applicable.

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Tangible fixed assets are capitalised if they can be used for more than one year and the costs is deemed to be material. They are valued at cost less accumulated depreciation.

2. FUND ACCOUNTING

Endowment funds are funds, the capital of which must be retained either permanently or at the charity's discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place.

Resticted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis.

Unrestricted funds are income funds which are to be spent on the charity's general purposes. Designated funds are general funds set aside by the charity for use in the future.

3. DONATIONS AND LEGACIES

Donations and gifts
Gift aid
Legacies and bequests		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2024
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0		 Total 2023
0
0
0
0

4. CHARITABLE ACTIVITIES

Grants and awards
Social Economy income
Other income		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2024
0
217,988
0
217,988
6,518
0
0
6,518
0
0
0
0
6,518
217,988
0
224,506		 Total 2023
277,331
6,550
0
283,881

Registered Charity in Northern Ireland (NIC101600)

5. OTHER INCOME

5. OTHER INCOME
Letting of premises
Trading income
Other income		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2024
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0		 Total 2023
0
0
0
0

6. INVESTMENT INCOME

Deposit interest Other investment income

Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2024
0
0
0
0
0
0
0
0
0
0
0
0		 Total 2023
0
0
0

8. RAISING FUNDS

Direct expenditure Fundraising events

Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2024
0
0
0
0
0
0
0
0
0
0
0
0		 Total 2023
0
0
0

9. CHARITABLE ACTIVITIES

9. CHARITABLE ACTIVITIES
Staff costs
Facilitators, Therapists & Tutors
Programe costs - Materials/equipment
Programe costs - Management/admin.
Staff and volunteer Welfare
Other expenses		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2024
0
71,411
0
71,411
0
76,037
0
76,037
0
16,051
0
16,051
0
10,416
0
10,416
0
646
0
646
0
0
0
0
0
174,562
0
174,562		 Total 2023
83,051
99,912
26,228
10,604
325
0
220,120

10. SUPPORT & GOVERNANCE COSTS

10. SUPPORT & GOVERNANCE COSTS
Depreciation
Rent payable
Light, heat, water
Repairs & maintenance
Insurance
Health & safety (inc PPE)
Advertising, subscriptions
Telephone, postage, IT
Sundry expenses
Office supplies
Legal & professional
Accountancy
Independent Examiner
Bank charges
Trustee meeting expenses
Other expenses		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2024
0
1,500
0
1,500
0
1,800
0
1,800
0
4,251
0
4,251
0
11,710
0
11,710
0
2,440
0
2,440
0
0
0
0
0
0
0
0
0
1,247
0
1,247
0
1,839
0
1,839
0
940
0
940
0
0
0
0
0
0
0
0
400
0
0
400
422
0
0
422
0
0
0
0
0
0
0
0
822
25,726
0
26,549		 Total 2023
1,500
1,800
3,882
5,197
1,648
0
0
836
2,183
822
0
0
600
445
0
0
18,913

Registered Charity in Northern Ireland (NIC101600)

11. TRUSTEES

None of the Trustees (or any person connected with them) received any remuneration or benefits from the Charity during the year.

12. EMPLOYEES

12. EMPLOYEES
The average monthly number of employees during the year was:-
Project Manager
Project Admin / Finance Co-ordinator
Education Co-ordinator
Mentors		 Total 2024
1
1
1
1
4		 Total 2023
1
1
1
1
4

13. FIXED ASSETS

Fixtures & Fittings
Balance b/fwd
Additions / (Disposals)
Depreciation
Balance c/fwd		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2024
3,662
0
0
3,662
0
0
0
0
-1,500
0
0
-1,500
2,162
0
0
2,162		 Total 2023
5,162
0
-1,500
3,662
14. DEBTORS & PREPAYMENTS
Receivables
Prepaid expenses
15. CURRENT LIABILITIES
Taxation & Social Security costs
Accruals		 Total 2024
0
0
0
Total 2024
967
1,629
2,596		 Total 2023
0
0
0
Total 2023
612
1,629
2,241

16. FUND BALANCES

Fund
Unrestricted Funds
Restricted Funds
Endowment Funds
Total		 Balance at
start
Receipts
Payments
Surplus /
(Deficit)
8,575
6,518
822
5,696
85,107
217,988
200,288
17,700
0
0
0
0
93,682
224,506
201,110
23,396		 Transfer
Balance at
end
20,000
34,271
-20,000
82,807
0
0
0
117,078

Registered Charity in Northern Ireland (NIC101600)