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.
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TRAINING FOR WOMEN NETWORK LIMITED
REPORT OF THE TrUSTEES
YEAR ENDED 31 MARCH 2023
7. Future tralnlng and development
Diversity and transgender awareness training
ILM suite of training from levels 3 to 7 in Leadership and Management on a commercial basis.
TQUK Level 3 Award in Education and Trainlng.
TQUK level 3 Meditation
TQUK Level 3 Mentoring
TQUK Level 5 TEFL
8. Future Events
Quarterly Networking Evenings
AGM
Newsletters and ezines.
9. Funds held on behalf of others
TVVN does not hold funds on behalf of others.
10. Trustees, responsibilities statement
The trustees (who are also the directors of Training for Women Ne￿Ork Limited for the purposes of
company law), are responsible for preparing the Trustees, Report and the financial statements in
accordan￿ with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial ststements for each financial year. Under
company law the trustees must not approve the financial statements unless they are satisfied that
they give a true and fair view of the state of affairs of the charitable company and of the incoming
resour￿$ and application of resources, including the income and expenditure of the charitable
company for that period.
In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP 2019 (FRS102);
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements"
prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume
that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charitable company and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
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TRAINING FOR WOMEN NETWORK LIMITED
REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2023
11. Auditor
Each of the persons who is a trustee at the date of approval of this report confimis that:
so far as they are aware, there is no relevant audit information of which the charity's auditor is
unaware., and
they have taken all steps that they ought to have taken as a trustee to make themselves aware
of any relevant audit information and to establish that the charity's auditor is aware of that
information.
The auditor is deemed to have been re-appointed in accordan￿ with section 487 of the Companies
Act 2006.
12. Small company provisions
This report has been prepared in accordan￿ with the provision5 applicable to companies entitled to
the small companies exemption.
The trustees, annual report was approved on 14 December 2023 and signed on behalf of the board of
trustees by..
Pa
ewsl
Chairperson
-moo
eyc
Katherine Mccloskey
Treasurer
Page 9

CHARTERED ACCOUNTANTS
& REGISTERED AUDITORS
Training for Women Network Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of Training for Women Natwork
Limited
Year ended 31 March 2023
Oplnlon
We have audited the financial statements of Training for Women Ne￿Ork Llmited (the 'charitable
company,) for the year ended 31 March 2023 which comprise the statement of financial activities
(including income and expenditure account), the statement of financial position, the statement of cash
flows, and the related notes, incSudlng a summary of signifi'cant accounting policles. The financial
reporting framework that has been applied in their preparation is appllcable law and United Kingdom
Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and
Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial ststements:
give a true and fair view of the state of the charitable company's affalrs as at 31 March 2023 and
of its incoming resources and application of resources, including its income and expenditure, for
the year then ended.,
have been properly prepared in accordance with United Kingdom Genera51y Accepted
Accounting Practice.,
have been prepared in accordance wlth the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing {UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described In the auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of
the charitable company in accordance with the ethic81 requirements that are relevant to our audit of
the financial statements in the UK, including the FRC'S Ethlcal Standard, and we have fulfilled our
other ethical responsibilities in accordan￿ with these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial ststements, we have concluded that the trustees, use of the going concern
basis of accounting in the preparatlon of the financial ststements is appropriate,
Based on the work we have performed, we have not identified any material uncertaintles relating to
events or conditions that, individually or collectively, may cast significant doubt on the charitable
company's ability to contlnue as a going concem for a period of at least ￿e1ve months from when the
financial statements are authorised for issue.
Our responslbilities and the responsibilities of the trustees with respect to going concern are described
in the relevant sections of this report.
BMK Accountlng Llmlled (Company No. N1&32272)
43 Lockvlew Road Belfast BT9 SFJ
Tel.. 028 9038 1755 Emoll.. 1nfo@bmkca.com
www.bmkca.com
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Director. Bdan McK88 FCA.

Training for Women Network Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of Training for Women Network
Limited (Contlnued)
Year ended 31 MarGh 2023
Other informatlon
The other information comprises the information included in the annual report, other than the financial
statements and our auditor's report thereon. The trustee is responsible ft)r the other information. Our
opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion the￿On.
In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent with the
financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misststed. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether there is a material misstatement in the financial statements or a
material misstatement of the other information. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the trustees, report (incorporating the directors, report) for the financial
year for which the financial statements are prepared is consistent with the financial
statements,. and
the directors, report has been prepared in accordance with applicable leg81 requirements.
Matters on whlch we are required to report by exceptlon
In the light of the knowledge and understanding of the charitable company and its environment
obtained in the course of the audit, we have not identified material misstatements in the directors,
report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 requires us to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not
been received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and retums., or
certain disclosures of trustees. remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the trustees were not entitled to prepare the financial statements in accordance with the small
companies, regime and take advantage of the small companies, exemptions in preparing the
directors, report and from the requirement to prepare 8 Strategic report,
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Training for Women Network Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of Training for Woman Network
Limited (continued)
Year ended 31 March 2023
Responsibilities of the trustse
As explained more fully in the trustees, responsibilities statement, the trustees (who are also the
directors for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as
the trustees determine necessary to enable the preparation of financial statements that are free from
material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable
company's ability to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concem basis of accounting unless the trustees either intend to liquidate
the charitable company or to cease operations, or have no realistic alternative but to do so.
Auditorfs responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that
an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregularities, including fraud is detailed below-
Extent to which the audlt was consldered capable of detecting irregularities, including fraud
We identify and assess the risk of material misstatement of the financial statements, whether due to
fraud or error, and then design and perform audit procedures responsive to those risks, including
obtaining audit evidence that is sufficient and appropriate to provide a basis of opinion.
In identifying and assessing potential risks of material misstatement in respect of irregularities.
including fraud and non-compllan￿S with laws and regulations, we considered the following..
The nature of the industry and sector, control environment and business perforrnan￿,
including the company's remuneration policies ft)r directors, bonus levels and performance
targets, if any.,
Results of our enquiries of management about their own identification and assessment of the
risks of irregularities.,
Any matters we identified having obtained and reviewed the company's documentation of their
policies and procedures relating to:
Identifying, evaluating and complying with laws and regulations and whether they are
aware of any instance of non-compliance.
Detecting and responding to the risks of fraud and whether they have knowledge of any
actual, suspected or alleged fraud; and
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Training for Women Network Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of Training for Women Network
Limitsd {contlnued)
Year ended 31 March 2023
Extent to which the audit was considered capable of detecting irragularities, Includlng fraud
(continued
The internal control established to mitigate risks of fraud or non-compliance with laws and
regulations,
The matters discussed among the audit engagement team regarding how and where fraud
might occur in the financial statements and potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within
the company for fraud and identified the greatest potential for fraud in revenue recognition. In
common with all audits under ISASIUK), we are also required to perform specific procedures to
respond to the risk of management override.
We also obtained an understanding of the legal and regulatory frameworks that the company operates
in, focusing on provisions of those laws and regulations that had a direct effect on the determination of
material amoLints and disclosures in the financial statements. The key laws and regulations we
considered in this context included the Companies Act 2006.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on
the financial statements but compliance with which may be fundamental to the company's ability to
operate or to avoid a material penalty.
Audlt responses to rlsks identified
Our procedures to respond to the risks identified included the following..
Reviewing the financial statement disclosures and testing to supporting documentation to
assess compliance with provisions of relevant laws and regulations described as having a
direct effect on the financial statements.
Enquiring of management concerning actual and potential litigation and claims.
Perfomiing analytical procedures to identify any unusual or unexpected relationships that may
indicate risks of material misstatements due to traud;
Reading minutes of meetings of those charged with govemance,. and
In addre55ing the risk of fraud through management override of controls, testing the
appropriateness of journal entries and other adjustments., assessing whether the judgements
made in making accounting estimates are indicative of a potential bias,. and evaluating the
business rationale of any significant transactions that are unusual or outside the nomal
course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all
engagement team members and remained alert to any indications of fraud or non-compliance with
laws and regulations throughout the audit.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have
detected some material misstatements in the financial statements, even though we have properly
planned and performed our audit in accordance with auditing standards. In addition, as with any
audit, there remains a higher risk of non-detection of irregularities, as they may involve collusion,
forgery, international omissions, misrepresentations, or the override of internal controls. We are not
responsible for preventing non-compliance and cannot be expected to detect non-compliance with all
laws and regulations.
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