## **NORTH BELFAST WOMEN'S INITIATIVE AND SUPPORT PROJECT** **Financial Statements for the year ended 28 February 2025** **Registered Charity in Northern Ireland (NIC101600)** ## **NORTH BELFAST WOMEN'S INITIATIVE AND SUPPORT PROJECT STATEMENT OF FINANCIAL ACTIVITY** ## **Year ending 28 February 2025** |**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
4,586
144,794
0
0
0
0
0
0
0|
**Total 2025**
0
149,380
0
0
149,380
0
0
0
0
**149,380**
0
113,979
22,941
0
0
136,919
0
0
0
0
**136,919**
12,461
0
12,461
117,078
129,539|**Total 2024**| |---|---|---|---| ||||0
224,506
0
0| ||4,586
144,794
0||224,506| ||0
0
0
0
0
0
0
0
0||0
0
0| ||0
0
0||0| ||**4,586**
**144,794**
**0**||**224,506**| ||0
0
0
0
113,979
0
969
21,971
0||0
174,562
26,549| ||969
135,950
0||201,110| ||0
0
0
0
0
0
0
0
0||0
0
0| ||0
0
0||0| ||**969**
**135,950**
**0**||**201,110**| ||3,617
8,844
0
0
0
0||23,396
0| ||3,617
8,844
0
34,271
82,807
0||23,396
93,682| ||37,888
91,651
0||117,078| Registered Charity in Northern Ireland (NIC101600) ## **NORTH BELFAST WOMEN'S INITIATIVE AND SUPPORT PROJECT STATEMENT OF ASSETS AND LIABILITIES As of 28 February 2025** |**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Funds Reconciliation**
Bank and Cash at start of year
34,271
82,807
0
Net movement in funds
3,617
8,844
0
Bank and Cash at end of year
37,888
91,651
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**
34,271
82,807
0
3,617
8,844
0|
**Total 2025**
117,078
12,461
129,539
0
662
0
662
132,009
132,009
0
0
0
3,133
3,133
129,539|**Total 2024**
93,682
23,396| |---|---|---|---| ||37,888
91,651
0||117,078| ||||0
2,162
0| ||||2,162| ||||117,512| ||||117,512| ||||0| ||||0| ||||0
2,596| ||||2,596| ||||| ||||117,078| Approved by the Trustees at a meeting and signed on it's behalf by: - Ms Christine Kirk Chairperson Mrs L Drumgoole Treasurer & Holding Trustee Registered Charity in Northern Ireland (NIC101600) ## **NORTH BELFAST WOMEN'S INITIATIVE AND SUPPORT PROJECT STATEMENT OF ASSETS AND LIABILITIES** ## **YEAR ENDED 28 FEBRUARY 2025** ## **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 charity 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 2025**
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0|**Total 2024**| |---|---|---| |||0
0
0| |||0| ## **4. CHARITABLE ACTIVITIES** |Grants and awards
Social Economy income
Other income|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total 2025**
0
144,794
0
144,794
4,200
0
0
4,200
386
0
0
386
4,586
144,794
0
149,380|**Total 2024**| |---|---|---| |||217,988
6,518
0| |||224,506| 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 2025**
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0|**Total 2024**| |||0
0
0| |||0| ## **6. INVESTMENT INCOME** Deposit interest Other investment income |**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total 2025**
0
0
0
0
0
0
0
0
0
0
0
0|**Total 2024**| |---|---| ||0
0| ||0| ## **8. RAISING FUNDS** |Direct expenditure
Fundraising events|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total 2025**
0
0
0
0
0
0
0
0
0
0
0
0|**Total 2024**| |---|---|---| |||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 2025**
0
83,577
0
83,577
0
15,620
0
15,620
0
7,165
0
7,165
0
6,830
0
6,830
0
787
0
787
0
0
0
0
0
113,979
0
113,979|**Total 2024**| |||71,411
76,037
16,051
10,416
646
0| |||174,562| ## **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 2025**
0
1,500
0
1,500
0
1,500
0
1,500
0
5,695
0
5,695
0
5,288
0
5,288
0
2,131
0
2,131
0
0
0
0
0
0
0
0
0
1,840
0
1,840
0
3,395
0
3,395
0
622
0
622
0
0
0
0
0
0
0
0
600
0
0
600
369
0
0
369
0
0
0
0
0
0
0
0
969
21,971
0
22,941|**Total 2024**| |||1,500
1,800
4,251
11,710
2,440
0
0
1,247
1,839
940
0
0
400
422
0
0| |||26,549| 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 2025**
1
1
1
1
4|**Total 2024**| |||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 2025**
2,162
0
0
2,162
0
0
0
0
-1,500
0
0
-1,500
662
0
0
662|**Total 2024**| |---|---|---| |||3,662
0
-1,500| |||2,162| ## **14. DEBTORS & PREPAYMENTS** |Receivables
Prepaid expenses
**15. CURRENT LIABILITIES**
Taxation & Social Security costs
Accruals|**Total 2025**
0
0
0
**Total 2025**
1,304
1,829
3,133|**Total 2024**| |---|---|---| |||0
0| |||0| |||**Total 2024**| |||967
1,629| |||2,596| ## **16. FUND BALANCES** |**Fund**
**Unrestricted Funds**
**Restricted Funds**
**Endowment Funds**
**Total**|**Balance at**
**start**
**Receipts**
**Payments**
**Surplus /**
**(Deficit)**
34,271
4,586
969
3,617
**82,807**
**144,794**
**135,950**
8,844
0
0
0
0
**117,078**
**149,380**
**136,919**
**12,461**|**Transfer**
**Balance at**
**end**| |---|---|---| |||0
37,888| |||**0**
91,651| |||0
0| |||**0**
**129,539**| Registered Charity in Northern Ireland (NIC101600)