Company Number N1030477
Charity Registration No. N1102189
TRAINING FOR WOMEN NETWORK LIMITED
A COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023

TRAINING FOR WOMEN NETWORK LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
CONTENTS
PAGE
TRUSTEES, REPORT
REPORT OF THE AUDITORS
10
STATEMENT OF FINANCIAL ACTIVITIES
15
STATEMENT OF FINANCIAL POSITION
16
STATEMENT OF CASH FLOWS
17
NOTES TO THE FINANCIAL STATEMENTS
18

TRAINING FOR WOMEN NEfwoRK LIMITED
REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2023
l. Reference and Administratlon Details
Name:
Training for Women Network Limited (TWN)
Reg No:
HMRC Charity No.. XO 2044-95
Nl Company No.. N1030477
Nl Charities Commission No.. NIC102189
Address:
Ground Floor, Suite 2
Elizabeth House
116-118 Holywood Road
Belfast
BT41NY
Trustee8:
Patricia Lewsley-mooney CBE (Chairperson)
Kelly Andrews (Vice Chairperson)
Dr Margaret Baumann (Secretary)
Katherine Mccloskey (Treasurer)
Professor John Barry
Maureen Maguire
Helen Marie (Eileen) Bell CBE (Secretary)
Julia Flanagan
Rhonda Lusty
Dr Marie Braniff
{Deceased 2611112022)
{Resigned 1410912023)
{Appointed 111212022)
Chief Executive: Norma Shearer MBE
Solicitors:
Cleaver Fulton Rankin
Bank:
First Trust Bank Ltd
33-35 University Road
Belfast
Auditors:
BMK Accounting Limited
43 Lockview Road
Belfast
BT9 5FJ
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TRAINING FOR WOMEN NETWORK LIMITED
REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2023
2. Structure, Governance and Management
TWN is governed by Memorandum and Articles of Association, and is a company limited by
guarantee with charitable status. TWN is also a charity registered with the Northern Ireland Charities
Commission Number NIC 102189. TWN is a membership organisation and as such its trustees are
recruited from its membership base. TWN members are invited to stand for election to the Board of
Directors at the AGM. At the first meeting following the AGM, there is an induction and training
programme to ensure that all members are aware of the roles and responsibilities of their post as
members of the Board of Directors. Board members serve for a period of three years, after which they
must stand down and apply for re-election.
The Board roles and responsibilities are contained in the Board Induction Manual and detail the
strategic level of their decision making powers. Operational matters are delegated to the Chief
Executive who reports to the Board at meetings held six times per year.
3. Objectives and Actlvltles
TWN were called forward for registration by the Charities Commission Northern Ireland and received
its charity number and registration in May 2015.
The Purpose of the Charity is:
l. To advance, promote, develop and co-ordinate provision of adequate, accessible, quality
training and pre-vocational training for women in Northern Ireland and beyond to maximise
the integration of women in the labour market.
2. To provide a forum I focus for Northern Ireland, representatives of the private, public and
voluntary sectors, the trade unions, education and training practitioners and individuals
involved in women's training.
3. To promote any or all activities for the benefit of the community which now or hereinafter may
be deemed in law to be charitable, and in particular the advancement of all forms of training of
women.
The public beneflts that flow from the charitable purposes are:
a) Women are securing..
Enhanced educational attainment, transferable skills, capabilitie5 and capacities of
women and improved potential to secure employment.
The empowerment of women to play a full part in their communities and society in
general.
The beneficiaries are women throughout. These benefits can be evidenced through intemal records
kept of the progress and qualifications achieved by the participants, evaluations of the work and
impact of the organisation, feedback from beneficiaries and independent evaluations for fijnding
bodies.
b) Advocacy, promotion and sharing of best practice in training for women. Research into issues
impacting on women and development of appropriate flexible innovative training packages to
meet the identified need.
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TRAINING FOR WOMEN NETWORK LIMITED
REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2023
The beneficiaries are women as individuals and through appropriate community and voluntary sector
organisations. These benefits are evidenced through publications such as research reports and
monitoring returns.
c) Increased efficiency and effectiveness of the community and voluntary organisations that
receive support, resulting in enhanced outcomes and Servi￿ delivery and, consequently, an
improved quality of life for those who benefit from the work of these organisations. The
beneficiaries are community and voluntary sector organisations. These benefits can be
evidenced through internal monitoring records and feedback and evaluations.
No harm arises from these purposes.
Incidental benefit may arise from transferable skills training offered to Board members to fulfil their
duties.
Thls Is what your organisation does.. -
The preparation, provision and dissemination of information about the training of women and
other disadvantaged groups.
The provision of advice and assistance with regard to the training of women and other
disadvantaged groups.
The organisation and maintenance of a network whereby all bodies, organisations or
individuals, either involved in or interested in providing or receiving training for women can
liaise and co-operate with each other with regard to the training for women and exchange
information and ideas on the training of women and other disadvantaged groups.
The holding of activities and events relating to the training of women and other disadvantaged
groups.
The promotion and development of projects principally in areas where there is an identified
need for greater training for women. to facilitate the training of women and other
disadvantaged groups.
The promotion andlor support of regional initiatives designed to satisfy local needs with
regard to the training of women and other disadvantaged groups throughout Northern Ireland
and beyond.
The estsblishment of links with European and other world ne￿OrkS.
The monitoring of European Union funding for women's training and that of other
disadvantaged groups.
The access to I raising of funding to accomplish the above.
The support of any body, organisation or individual having objects altogether or in part similar
to those referred above.
4. Achievements and Performance
Re
ional Infrastructure Su
ort Pro
ramme for women In rural and disadvanta
ed areas.
The RISP Consortium is comprised of the following organisations..
Training for Women Ne￿Ork Limited (TVVN) - Project Lead
Women's Resource and Development Agency {WRDA)
Women's Support Ne￿Ork (WSN)
Northern Ireland Rural Women's Ne￿Ork (NIRIIVN)
Women's TEC
Women's Centre Derry (WCD)
Foyle Women's Information Ne￿Ork (FWI N)
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TRAINING FOR WOMEN NETWORK LIMITED
REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2023
The Consortium is the estsblished link and strategic partner be￿een Government and statutory
agencies and women in disadvantaged and rural areas (D&RA) including all groups, centres and
organisations delivering essential frontline services, advice and support. The Consortium ensures a
continuous two-way flow of information belween Government and the sector. It ensures that
Organisationsl￿ntreS and groups are made aware of consultations, government planning and FK)Iicy
implementation. In turn the Consortium as￿rtaInS women's views, needs and aspirations. It takes
these views forward to influence policy development and future govemment planning. ultimately
empowering local women in disadvantaged and rurally isolated communities.
TWN oversees the work of the Consortium which conducts research, carries out consultations,
develops lines of engagement, bottom up and top down and operates as one point of contact between
Government, statutory agencies. local partnerships and women in disadvantaged and rural areas. It
continues to provide support, guidance and signposting for strategic development and delivery of
services for women in disadvantaged and rural areas and promote the work and services of these
specialist 0rganisationsl￿ntreSlgroups. The Consortium will support funding bids to maximise
specialist localised delivery for women in disadvantaged and rural areas. It actively works to widen
the regional support to those women, groups and organisations operating in isolation in some of the
most disadvantaged and rurally isolated areas of Northern Ireland who previously did not have the
opportunity to avail of strategic support, guidance and engagement through regional organisations.
The Consortium was able to revise its targets in light of the pandemic. In addition, the Department for
Communities provided the funding in advan￿ ft)r a previous financial year to ease the financial
burden on the partnership.
Women in Communit Transformation
WICT
Pro
ramme WIP Partnershi
Part of the WICT Programme was an educational trip to the United Nations CSW 65 for 20 women in
New York. Due to COVID-19, this was postponed but the group were able to attend CSW 67 in March
2023. This highly suc￿Ssful educational visit, funded by DFC, enabled Nl women to contribute on the
world stage, showcasing the WICT Programme, and highlighting its successful delivery and
engagement methods in areas of high paramilitarism.
DfE- NIESF PASS & Pathwa
sPro
ects
TWN secured the Department of the Economy funding for its Pass Project for £237,560 employability
programme for 80 young women and its pathways project which was £263,080 funding for the
delivery of employability training initiatives to 117 women up to 31 March 23. These were extremely
successful projects, meeting the recruitment targets and exceeding the positive outcomes for
participants.
DFA- Strate
ic Partnershi
Development of a psychometric questionnaire
Development of the psychometric questionnaire will allow participants to self-assess their needs and
Co-design their training pathway to maximise the learning and Project outcomes. The psychometric
questionnaire is hosted online and thus can be accessed by any participant regardless of
geographical location. As this was developed in the first six months of Year 1, only the 20 pilot group
participants have accessed this for Testing purposes, with the rollout of this questionnaire to the
remaining 60 participants occurring in Year 2. The background of the pilot group participants who
have utilised the psychometric questionnaire in Year 1 is made up of 5 CNR women from Donegal, 5
CNR women from Lurgan, 5 PUL women from DerrylLondonderry and 5 PUL women from East
Belfast.
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TRAINING FOR WOMEN NETWORK LIMITED
REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2023
Development of leaming modules, digital learning envlronment and onllno platform
Accredited training modules were developed in the first nine months of Year 1, encompassing the
following" Conflict Transformation (core), Personal Effectiveness in Communication. Traditions and
Cultures of Northern Irelandllreland, Promoting Equality and Valuing Diversity. Courageous
Communities, and Leadership for a Shared Future. During this time, a DLEIOnline Platform was also
developed to disseminate all learning, coursework, and assessments that would be undertaken. As
these were developed in most of Year 1 (as planned), only the 20 pilot group participants have
accessed this for testing purposes with the rollout of this training and platform to the remaining 60
participants in Year 2. The background of the pilot group participants who have utilised the
psychometric questionnaire in Year 1 is made up of 5 CNR women from Donegal. 5 CNR women
from Lurgan, 5 PUL women from DerrylLondonderry and 5 PUL women from East Belfast.
Piloting of training modules to a pilot group of participants
The last three months of Year 1 saw the Project pilot out the training created to a pilot group of 20
women so that training could be refined from theoretical to practical in line with good practice and
quality improvement pro￿sses. This piloting is due to finish in the first two months of Year 2, with the
remaining 60 participants fully engaging in all project activities in Year 2. While it is anticipated that
not every participant will undertake all six modules (due to the psychometric questionnaire and
calculation matrix of assigned modules), all six modules were tested and undertaken by this pilot
group to ensure quality assurance to all modules. The background of the pilot group participants who
have utilised the psychometric questionnaire in Year 1 is made up of 5 CNR women from Donegal, 5
CNR women from Lurgan, 5 PUL women from DerrylLondonderry and 5 PUL women from East
Belfast.
TAMPON TAX FUND
The Improve Project aimed to improve the lives of vulnerable, disadvantaged, and underrepresented
women and girls in areas of multiple deprivation across Northem Ireland through education and skills
programmes to improve their capacities and create a sense of safety and belonging. The project was
administered through a grant aid process with five open calls from March 2022 to January 2023 and
the overall programme ending on 31st March 2023.
A total of 26 projects were supported, and almost 1,000 women throughout the provin￿ benefited
from various training, education and upskilling programmes. There was a plethora of
qualiflcationsl￿rtlfiCat1QnS gained, ranging from SIA Door Supervision to Cricket Coaching. In addits.on
to these, women gained soft skills, with 800A reporting that they felt the project had helped them gain
confidence and increase their overall well-being, positive self-image. skills including transferablelsoft
skills in teamwork, communication, planning and organising, problem-solving and decision making,
confidence, personal awareness, creativity, interpersonal skills, adaptsbility, leadership, and time
management. Over 70 % of women felt that the project had helped them to increase their economic
position and helped them to engage in job-searching activities.
Review of the Im
act of Brexit
The PEACE Plus programme has been agreed upon, and its multi-annual project open calls are in
progress. ESF funding has been partially replaced by Levelling up, whose final allocation is being held
up due to no executive being in place. A funding diversification strategy has been implemented to
source additional non-EU funding streams to support the charity's work in the future.
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TRAINING FOR WOMEN NETWORK LIMITED
REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2023
S. Financlal Revlew
The results for the year are set out on pages 15 to 24. The charitable company returned net income
for the year of £10,725 (2022 - £4,412). The surplus includes £4,461 on unrestricted funds and
£6.264 relating to restricted funds.
At 31 March 2023, the total funds of the charity amounted to £162,941 (2022 - £152,216) comprising
restricted funds of £63,003 {2022 - £56,739) and unrestricted funds of £99,938 (2022 - £95,477).
Restricted reserves are used for the purposes intended as per conditions of funding for each fund.
TVVN 's restricted reserves relate to the timing differential of receipt of funding and expenditure. The
reserves should balance at zero when the programmes are fully completed.
TWN unrestricted reserves are used for items in keeping with the organisation's charitable aims and
objectives.
Reserves Polic
TWN maintains a prudent level of reseNes to enable the organisation to manage financial risks and
deliver on its commitments. The objective is that TWN would be able to carry out its work, to have the
time to adjust its strategy to meet ch8nging circumstances. The reserves policy is set to ensure that
there is no disruption to services at short notice due to lack of funds, an unforeseen reduction in
income or increase in expenditure, ensuring that reserves are no higher than, nor held for longer than
necessary. This gives time in the event of a drop in funding to seek alternative funds, restructure and
cut costs.
It is the organisations policy to retain a level of free reserves, which should be sufficient to meet the
core running costs for a minimum of three and a maximum of six months. The charity will monitor
compliance with this policy on a regular basis and the board will review its appropriateness annually.
Prlnci
al Risks and Uncertainties
Risk Policy and Internal Control Framework
The Training for Women Network Ltd has established a comprehensive risk management process
which seeks to ensure that the organisation manages and mitigates risks in line with the agreed risk
appetite. The Management Committee have delegated the review of The Risk Register to the
Governance, Audit and Finance Subgroup who regularly review the key strategic and operational
risks facing the organisation. The trustees confirm that effective controls and reporting systems are in
place to assess the risks and mitigations.
The principle risks and uncertainties facing the Training for Women Ne￿Ork are..
Financial
The principle financial challenges are income generation. Training for women Ne￿Ork is reliant on
securing funding from Government and other grant making organisations. The trustees are acutely
aware of the significant challenges that lie ahead. The fundraising environment remains challenging
and short term funding continues to make planning difficult. The immediate challenge is to secure
funding that will sustain projects and posts into the future. The charity will also work to reduce and
control costs to ensure our services are provided on the most economically advantageous term5.
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TRAINING FOR WOMEN NETWORK LIMITED
REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2023
Management and Operational Delivéry
Tvlm have governance structures, policies and prO￿dureS in place to ensure appropriate decision
making and accountability. As the external environment increasingly changes, the senior
Management Team and Management Committee have structured oversight of operations to be
responsive and regularly review risks. The TWN staff team are crucial to its success and prioritise
continuing staff development and regular performan￿ management building a strong team for
delivery of programmes. The personal security of TK+VN's staff and beneficiaries are its highest priority
and the organisation has comprehensive policies to appropriately manage this risk from data
protection, to Health and Safety, Safeguarding for children and adults at risk and customer care.
System security
TWN strive to ensure that it operates secure systems complaint with data protection legislation. The
organisation password protects and firewalls all its systems with access to data limited to those who
have a need to know for the purpose of fulfilling their duties. Data is backed up on a
dailylweeklylmonthly basis which ensures that in the event of systems failure or a data breach the
systems can be locked and recovered with minimal risk of data loss.
Compliance, Regulation and Legal
Significant reputational damage Could be caused to TIAIN due to non-compliance with the laws,
regulations or codes of Practi￿ in which the charity operates. TWN implements well established
policies and procedures that adheres to best practice ensuring compliance with current standards of
best practice and performs an annual review to ensure they continue to meet the legislative
framework and are fit for purpose.
External Risks
TVVN monitors the extemal environment in order to anticipate political, social or economic threats, and
has robust procedures to develop plans to mitigate potential negative impacts on the charity's
activities or reputstion.
TWN are confident in the continued need for its services and the effective approach taken to building
successful partnerships to help deliver high quality training provision on a regional basis that meet the
needs of our beneficiaries. TWN will continue to build on relationships with Government Departments
to ensure funding is provided to continue to support training and development for women in rural and
disadvantsged areas across Northern Ireland.
6. Plans for future periods
TWN has secured the following future funding..
Department for Communities- Regional Infrastructure Support Programme for
disadvantaged and rural women.
DFA Strategic Partnership
DFA- Unsung Heros
Belfast City Council- Community Building Grant.
Page 7