Company Number N1030477 Charity Registration No. N1102189 TRAINING FOR WOMEN NETWORK LIMITED A COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 AE29HDTL 1010512025 COMPANIES HOUSE A04
TRAINING FOR WOMEN NETWORK LIMITED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 CONTENTS PAGE TRUSTEES, REPORT REPORT OF THE AUDITORS STATEMENT OF FINANCIAL ACTIVITIES 15 STATEMENT OF FINANCIAL POSITION 16 STATEMENT OF CASH FLOWS 17 NOTES TO THE FINANCIAL STATEMENTS 18
TRAINING FOR WOMEN NETWORK LIMITED REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024 Reference and Administration Details: Name: Training for Women Network Ltd (TIIINI 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 (Chairperson) Dr John Barry Kelly Andrews (Vice Chair) Maureen Maguire Katherine Mccloskey (Treasurer) Eileen Bell (Company Secretary} Julie Flanagan Caroline Johnston (Resigned 1410912023) (Appointed 0611212023) Rhonda Lusty Dr Maire Braniff Chief Executlve.. Norma Shearer Solicitors: Cleaver Fulton Rankin. Bank: First Trust Bank Ltd 33.-35 University Road Belfast Auditors: BMK Accounting Ltd 43 Lockview Road Belfast BT9 5FJ Page I
TRAINING FOR WOMEN NETWORK LIMITED REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024 2. Structure, Governance and Management Training For Women NebNork Limited {TWN) is governed by a Memorandum'and Articles of Association and is a company limited by guarantee with charitable status. TWN is also a registered 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 posts as members of the Board of Directors. Board members seNe for three years, after which they must stand down and apply for re-election. The Board's roles and responsibilities are contained in the Board Induction Manual and detail the strategic level of their decision-making powers. Operaiional matters are delegated to the Chief Executive who reports to the Board at meetings held six times per year. 3 Objectives and Actlvltles TWN was called forward for registration by the Charities Commission Northern Ireland and received its charity number and registrats'on in May 2015. The Purpose of the Charlty Is: 1. To advance, promote, develop and coordinate the 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 foruml focus for Northern Ireland, representatives of the private, public and voluntary sectors, the trade unions, education and training practitionersand 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 publlc benefits that flow Irom the charltable purposes are: a) Women are securing.. Enhanced educational attainrnent, transferable skills, Gapabilities 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 internal records kept of the progress and qualifications achieved by the participanls, evaluations of the work and impact of the organisation, feedback from beneficiaries and independent evaluations for funding bodies. b) Advocacy, promotion and sharing of best practices in training for women. Research into Issues impacting women and Development of appropriate flexible innovative training packages to meet the identified need. The beneficiaries are women as individuals and through appropriate community and voluntary sector organi5ations. These benefits are evidenced through publications such as research reports, and monitoring returns. Page 2
TRAINING FOR WOMEN NETWORK LIMITED REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024 c) Increased efficiency and effectiveness of the community and voluntary organisations that receive support, resulting in enhanced oulcomes and service 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 benefits may arise from transferable skills training offered to Board members to fulfil their duties. This is what TWN does.. - The preparation, provision and dissemination of information about the training of women and other disadvantaged groups The provision of advice and a551Stance with regard to the training of women and other disadvantaged groups. The organisation and maintenance of a netrwork whereby all bodies, organisations or individuals, either involved in or interested in providing or receiving training for women can liaise and ctroperate with each other with regard to the training forwomen and exchange information and ideas on the training of women and other disadvantage 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 idents'fied need for greater training for women to facilitate the trainin9 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 establishment of links with European and other world neorkS The monitoring of European Union funding for women's training and that of other disadvantaged groups. The access tol raising of funding to accomplish the above, The support of anybody, organisation or individual having objects altogether or in part similar to those referred to above. 4 Achievements and Perforniance Re lonal Infrastructure Su ort Pro ramme RISP forwomen In rural and dlsadvanta ed area8. The RISP Consortium is Comprised of the following organis8tions'. Training for Women Network (TWN) - Projeci Lead Women's Resource and Development Agency (WRDA) Women's Support Network (WSN) Northern Ireland Rural Women's Nemiork (NIRVthII Women's TEC Women's Centre Derry (WCD) Foyle Women's Infomation Network (FWtNI The Consortium is the established link and strategic partner beeen Government and ststutory agencies and women in disadvantaged and rural areas (D&RA), including all groups, centres and organisations delivering essential frontline sep4ices, advice and support. The Consortium ensures a continuous two-way flow of information between the Government and the sector. It ensures that org8nisationslcentres and groups are made aware of consultations, government planning and policy implementation. In turn, the Consortium ascertains the views, needs and aspirations of women in D&RA. It takes these views forward to influence policy development and future government planning, Page 3
TRAINING FOR WOMEN NETWORK LIMITED REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024 ultimately resulting in the empowerment of 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 organisationslcentreslgroups. The Consortium supports 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 Northem Ireland who previously did not have the opportunity to avail strategic support. guidance and engagement through regional organisations. Em lo ablll Tralnin Pro ramme8 GEMS Nl were contracted through Belfast MET (funded by the Department for the Economy) to deliver the Step-up Programme and TWN were sub-contracted by GEMS to work on 2 Strands of the Programme, namely College Connect+ & WRAP. College Connect+ is for young women aged 16-24 not in employment, education or training and WRAP is for Women Returners aged 24+ TWN provided 1-2-1 mentoring sessions, CV building, communication skills, teamwork. time management, interview skills and mental health and well-being sessions to all participants. The 6 women returners availed of sewing classes and learned new skills to equip them to do clothing alterations. The young women completed a Professional Brow Course and an Innovation and Enterprise course. On leaving the programme 9 progressed on to further training programme with 2 of these becoming self-employed and 3 gained employmenl. DFA- Strate ic Partnershi TVVN made significant strides during the project year by advancing tailored reconciliation and training initiatives for women. The completion of six training modules, including Conflict Transformation and Leadership for a Shared Future, was a notable achievement. The pilot phase engaged 20 participants from diverse backgrounds, fostering skills in conflict resolution, cross-community understanding, and active participation in peabUilding efforts. The development of a digital learning platfomi and psychometric questionnaire empowered participants to co-design their learning paths, ensuring that training met individual needs. This approach not only increased participants, knowledge but also promoted long-term community cohesion, breaking down barriers and initiating sustainable partnerships. DFA Unsun Hero's The "Unsung Heroes" project has made significant progress, celebrating the vital yet often overlooked contributs'ons of women to the Good Friday Agreement (GFA) and society at large. To date, six out of seven interviews with prominent female politicians and six out of seven interviews with grassroots communily women have been completed, with their stories edited for inclusion in both a book and an exhibition. These efforts aim to preserve their narratives for future generations and counteract historical erasure. The project's outreach has sparked keen interest from participants who valued the opportunity to share their impactful experiences, ensuring their legacies are recorded and recognized. Portrait photography is nearly complete, and the project's comprehensive digital platform and coordination efforts, including engagements with the Department of Foreign Affairs, pave the way for a high-profile dual launch in Belfast and Dublin. This project has already begun fostering a greater understanding of women's roles in peacebuilding and political leadership across the island, aligning with the Reconciliats'on Fund's mission to promote dialogue, education, and a united civil society- Page 4
TRAINING FOR WOMEN NETWORK LIMITED REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024 Belfast Ci Council- Ca acit Buildin Grant. During the reporting year, TWN successfully advanced multiple impacfful work streams. The organisation delivered comprehensive training that supported community organisations in adapting to the evolving educational and funding landscapes post-Brexit, ensuring staff development and readiness. Notably, 10 participants completed the Level 3 Award in Education and Training, awaiting certification, while new cohorts were recruited for further training. TWN also facilitated health and wellbeing workshops, engaging 38 participants who reported enhanced mental health and personal growth. Collaborative efforts included assisting smaller organisations in funding applicatsons and offering governance and financial management support, bolstering their resilience amid funding transitions. Additionally, f4NN championed policy engagement, enabling groups to actively respond to consultats'ons and shape strategic community discussions. Review of the Im act of Brexl The Peace plus programme has been agreed upon and its rnulti annual project open calls are in progress. A funding diversificats'on strategy has been implemented to source additional non-EU funding streams to support the work of the charity in the future. 5. Financial Revlew The results for the year are set out on pages 14 to 23. The charitable company recorded a net deficit of £117,144 for the year (compared to £10,725 in 2023). As of March 2024, the total funds of the charity amounted to £45,797 (2023 - £162,941) comprising restricted funds of £9,570 (2023 £63,003) and unrestricted funds of £36,227 (2023 - £99,938) ReseNes Pollcy TWN maintains a prudent level of reserves to manage financial risks and fulfil ils commilments. The aim is to ensure the organisation can continue its work while adapting to changing circumstances. The reserves policy is designed to prevent service disruption due to sudden funding shortages or unforeseen expenditure increases, The policy ensures that reserves are neither higher than necessary nor held for longer than required. This approach allows time to seek alternative funding, restructure, or reduce costs over a minimum of three and a maximum of six months if funding decreases. Compliance with this policy is monitored regularly, and the Board reviews its appropriateness annually. Prlnclpal Rlsks and Uncertainties Risk Policy and Internal Control Framework TWN has implemented a comprehensive risk management process to identify and mitigate risks in line with its agreed risk appetite. The Management Committee has delegated the oversight of the Risk Register to the Governance, Audtt, and Finance Sub-Group, which regularly reviews the key strategic and operational risks facing the organisation. The trustees confirm that effedive controls and reporting systems are in place to assess risks and mitigation measures. Financial Risks The primary financial challenge is income generation. TIIQN relies heavily on securing funding from govemment and other grant-making bodies. Trustees recognise the significant challenges ahead, as the fundraising environment remains difficult and short-term funding complicates long-term planning. Page 5
TRAINING FOR WOMEN NETWORK LIMITED REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024 The immediate priority is to secure funding to sustain projects and posts into the future. Tl+VN will also work to control costs and ensure ServIS are delivered as efficiently as possible. Management and Operatlonal Delbvery TWN has robust governance structures, policies, and procedures to ensure sound decision-making and accountability. In response to the evolving external environment, the Senior Management Team and Management Committee maintain structured oversight of operations and regularly review risks. Staff development is a priority, with ongoing training and perfonan management to strengthen the team, The safety and well-being of TWN'S staff and beneficiaries remain paramount, and the organisation has comprehensive policies covering Data Protection, Health and Safety, Safeguarding for Children and Adults at Risk, and Customer Care. System Security J is committed to maintaining secure systems that comply with data protection legislation. All systems are protected by passwords and firewalls, with data access restricted to those who need it for their roles. Regular data backups (daily, weekly, and monthly) ensure that, in the event of a system failure or data breach, the organisation can recover data with minimal risk of loss. Compliance, Regulation, and Legal Risks Failure to comply with legal, regulatory, or best practice standards could cause significant reputational damage to TWN. To mitigate this risk, the organisation follows established policies and procedures aligned with best practices. These policies undergo an annual review to ensure compliance with the latest legal and regulatory frameworks. External Rlsk8 TM continuously monitors the external environment to anticipate political, social, and economic challenges. The organisation has robust procedures to develop plans that mitigate potential negative impacts on its activities and reputation. Despite these challenges, TWN remains confident in the continued need for its services. The organisation is committed to Strengthening partnerships and ensuring highquality training provision that meets the need5 of ils beneficiaries. TWN will continue working with government departments to secure funding for training and development programmes that support women in wral and disadvantaged areas across Northern Ireland. 6- Plans for future perlods: TWN has secured the following future funding.. Department for Cornmunities- Regional Infrastructure Support Programme for disadvantaged and rural women. DFA Strategic Partnership DFA- Contentious objects Belfast City Council- Capacity Building Grant. 7: Future training 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 Training. TQUK level 3 Meditation Page 6
TRAINING FOR WOMEN NETWORK LIMITED REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024 TQUK Level 3 Mentoring TQUK Level 5 TEFL 8-Future Event8 Quarterfy Nehvorking Evenings AGM Newsletters and ezines. 9- Funds held on behalf of othorn. TVVN does not hold funds on behalf of others. 10. Trustees. responsibilities statement The trustees (who are also the directors of Training for Women Nehvork Limited for Ihe purposes of company law), are responsible for preparing the Trustees, Report and the financial statements In accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give 8 true and fair view of the state of affairs of the charitable company and of the incoming resources 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 IFRS102)', • make judgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Slandards have been followed, subject to any material departures disclosed and explained in the financial statements: prepare the financial statements on the going concern basis unless it Is inappropriate io presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al 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. 11. Auditor Each of the persons who is a trustee at the date of approval of this report confirms that: so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and Page 7
TRAINING FOR WOMEN NETWORK LIMITED REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024 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 accordance with seciion 487 of the Companies Act 2006. 12. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 6 May 2025 and signed on behalf of the board of trustees by.. aLe Chairpornon ley- one erine Mccloskey Treasurer Page 8
CHARTERED ACCOUNTANTS & REGISTEféED AUDITORS Training for Women Network Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Tralnlng for Women Network Limited Year ended 31 March 2024 Oplnlon We have audited the financial statements of Training for Women Network Limited (the 'charitable company,) for the year ended 31 March 2024 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, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accountin9 Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Generally Accepted Accounting Praclice). In our opinion the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 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 Generally Accepted Accounting Practice: have been prepared in accordance with the requirements of the Companies Act 2006. Bas18 for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilitles under those standards are further described in the auditoVs responsibilities for the audit of the financial statements section of our report. We are independent of the charitsble company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any maierial uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concem for a period of at least twelve months from when the. financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 8MK Accounting Llmited (Company No. N1&32272) 43 Lockview Rwd 8elfost 8T9 5FJ Tel.. 028 ¢1)38 1755 Email.. info@bmkco.com vnwi.bmkca.com Chartered Accountanis Ireland -Page 9 ¥aDr. Btsn Md(e8 FC
Training for Women Network Limited Company Limited by Guaranteo Independent Auditor's Report to the Members of Training for Women Network Limited Year ended 31 March 2024 Other infomiation The other infomiation comprises the information included in the trustees annual report, other than the financial statements and our auditor's report thereon. The trustee is fesponsible for 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 thereon. 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 stalemenls or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial siatements 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 matter8 prescrlbed 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 financlal ststements are prepared is consistent with the financial statements, and the directors, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception 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 Spect 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 retums 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 words and returns., or certain disclosures of trustees, remuneration specified by law are not made; or we have not received all the infomiation and explanations we require for our audit; or the trustees were not entitled to prepare the financial statements in accordan with the small companies, regime and take advantage of the small companies. exemptions in preparing the directors, report and from the requirement to prepare a strategic report. -Page 10
Training for Women Network Limited Company Limited by, Guarantee Independent Auditor's Report to the Members of Training for Women Network Limited Year ended 31 March 2024 Responslbllltles of the trustee 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 delermine necessary to enable the preparation of financial ststements 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 concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative bul to do so. Auditor'8 r•sponsibilltle8 for the audlt of the financlal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole a 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. Misststements 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<ompliance with laws and re9ulations. 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 whlch the audit was considered capablo of detectlng Irregularltles, Includlng 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 potents'al risks of material misstatement in respect of irregularities, including fraud and non-compliances with laws and regulations. we considered the following-. The nature of the industry and sector, control environment and business performance, including the company's remuneration policies for 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 vieWed the company's documentation of their policies and procedures relating to-. -Page 11
Training for Women Network Limited Company Limlted by Guarantse Independent Auditor's Report to the Members of Training for Women Network Limited Year ended 31 March 2024 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 Extent to which the audit was considered ¢apabl• of detecting Irregularities, Including fraud lcontinued) The internal control established to mitigate risks of fraud or nonOmplian¢e with laws and regulations., The matters discussed among the audit engagement team regarding how and where fraud might occur in the financial ststements 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 ISAs{UK}, we are also required to perform specific procedures lo 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 direcl effect on the determination of material amounts and disclosures in the financial staiemenls. The key laws and regulations we considered in this context included the Companies Act 2006. In addition, y considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which rnay be fundamental to the company's ability to operate or to avoid a material penalty. Audit TponSe3 to rl8k8 Identified Our procedures to respond to the risks identified included the following.. Reviewing the financial statement disclosures and testing to supporting docurnentation 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 fraud. Reading minutes of meetings of those charged with governance., and In addressing the risk of fraud through management override of controls, testing the appropriateness of joumal 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. - Page 12
Training for Women Network Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Training for Women Network Limited Year ended 31 March 2024 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 misststements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standard5. In addition, as with any audit, there remains a higher risk of non-detection of irregularities, a5 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 lo detect non-compliance with all laws and regulations. As part of an audit in accordan with ISAS (UK), we exercise professional jlxlgment and maintain professional spticISM throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficienl and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as traud may involve collusion, forgery, intentional omissions. misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit prOdureS thal are appropriate in the circumStans, but not for the purpose of expressing an opinion on the effectiveness of the charitable company's intemal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the twstees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report, However, future events or conditions may cause the charitable company to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation We communicate wrth those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit fi'ndings, including any significant deficiencies in internal control that we identify during our audit. -Page 13
Training for Women Network Limited Company Limited by Guarantea Independent Auditor's Report to the Members of Tralnlng for Women Network Limited Year ended 31 March 2024 Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's rnembers those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have fomed. Brlan McKee Isenlor Statutory Audttor) For and on behalf of 8MK Accounting Limited Chartered Accountants & Statutory Auditor 43 Lockview Road Stranmillis Belfast BT9 5FJ 6 May 2025 Page 14
TRAINING FOR WOMEN NETWORK LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUOING INCOME AND EXPENDITURE ACCOUNT YEAR ENOED 31 MARCH 2024 CTE 2024 2024 OTAL 2023 TAL FUNDS UNRESTR NO NOTE INCOME FROM: Charflabte activities 589,025 589,025 1,253,037 Commer¢ial itadlng operations Other income 35.085 35,085 4.731 TOTAL INCOME 689,026 624 110 1257 768 EXPENOITURE O Ch8riiabl• •¢tivilie$ 98.796 642,458 741,254 1.247.043 Commer¢i•l Irodln9 operalions TOTAL EXPENDITURE 1247 043 NET INCOME FOR THE YEARI NET MOVEMENT IN FUNDS 83,711 {S3,433) (117,144) 10,725 Fund b•lan¢•$ at 1 Aprfl 2023 16 162 941 152 216 Fund lane•S at 31 March 2024 16 45.797 162 941 Thè Slalemenl of Financial AGliviliès includes all gains and losses recognised in the $1. All Incoming fesourGes •nd resources expended derive from conlinulng activities. The 618lemenl ol finan¢ial activities a180 complies wilh Ihts requiramenls for an income and expendilura account vnder the Companies Acl 2006. Tho notes on page$ 18 10 25 form part of these financfjal slatemenls. Page 15
TRAINING FORWOMEN NETWORK LIMITED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024 Notes FIXED ASSErs Tangible assets Investments 2.077 4,677 10 2,078 4,678 CURRENT ASSETS Debtors Cash al bank 11 89.975 149,123 201835 148.732 350.9S8 CREDITORS- amounts falling due wilhin one yeai 12 105013 192 695 NET CURRENT ASSETS 158263 TOTAL ASSETS LESS CURRENT LIABILITIES 45.797 162.941 CReDITORS- amounts falllng du8 after more than one year NET A88ETS THE FUNDS OF THE CHARI ft•$trl¢t•d in¢om• lund8 General 9,570 63,003 Unr••trlGt•d in¢om• fund• General 36.227 99.938 TOTAL FUNDS These financi81 statements have be•n prepared In accordance wllh the provislons ¥ppllGable lo compani*$ subje¢l lo Ihe small companies giMe. The financial statements were approved and aulhorised for issue by the Board of Trustees on 6 May 2025 and Sne on Iheif behatl by"." wsle oone 8E Chairpe at Dlrector CCI koy Company Registration No. N1030477 The notes on pages 17 10 23 form part of these financial slalemenls. Page 16
TRAININ R WOMEN NETWORK LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 Notes 2024 2024 2023 2023 Cash flows from operntlng a¢tlvlti Cash generated operations 18 1141,3281 55,224 Investing acliyities Purchase of tangible fixed assets Net cash used In Inve8tlno actlvlths 11.7501 Net cash used In flnanclng •ctivities Not increase in ¢ash and ¢ash ¢qulval¢nts 1143,078) 55.224 Ca8h and cosh equivalenls al beginning ol year 201,835 146,611 Ca•h and caih equlval•nts at gInnIng of y••r 58,757 201,835 The noles on pages 17 10 23 form part of these financial slalemenls. Page 17
IIE RK LIMITED OTES TO ThE FIII NCIA I. GEWERAL INFORIIATION Tro lorwornen Lwiled Ilmliod trrf•uor8nwo •TrJ Is o re01stdity ffi Ntyth•m lip1ar Th8 adth8 ol ITh• f•glll•Mdoff4 li Eliutsqth HriJi•. Grtthjnd Floor, 2, 116.118 Hol Ro•d. Bo11451. 8T4 114Y. Z STATEMENT OF COMPLIANCE TbO8efin8ncNg1 St816moni8 have k¥ep¥•J In W1h• Cts¥w8ni8$AU 2fth R8wning by crwrfi88. Sl8tem¢ni of R8cemm•nd84 Pr8ttit0 8ppltoWe 10 charilio6 k¥WtiryJ thoii in act¢¢01b tho Finqnool Rop19 Slathrd •ppllc•bkn In lh• UK •nd Rewblicol Ir•na IFRS 1021 l•fftti• l J•rw•ry 20191" Trtharlly 114 Fwi¢ 8•rfrf E•UIy81 ¢J•fir•¢l by FRS 102. ACCOUPITING POL¢CIES pl1n1 KrA4Jthlno •Lbpl•d Wr1r0t blt•m•nii ¥• i•1 (¥Jt 8•s18 ol accauAdrtg The fin8M81 sw8m8ni$ h8¥a bÈn prepa1 M th8 hL8Wi¢ai t$1 b8sii. asmodified by rnvalLWliohd Ln8in •SS8tsarvJ bililie$ AThY irpMstm•nl pmkwis mKwi•d •t fkviu•thwh Irthirn• ttr•xp•nditur•. Ih swem8nL8 gr•ryep8rnd on Ihe gtyrvJ c4)nc•rn b84[1. l ine4yMlr4 r•wc•s •F• lh• St•i•m•ni 01 Finwd•l 11¥11•111fi th• l• kno•lly W1¢d 10 I irm• •nv •ty pwltyrna h• bmn m•1. th• •rwnl wthi•wr•d i1•b. •nd11 li w¥b•ty Ih•l th• lll b• rv•Sv•¢l. lil Gr4nt A•¥èrth 1n1% eaddl•¢ to r•wcK on •artr ol lh• Ih•y r•¢gl¥•dryttsn Ih•y •r•f•c•lv8W•. Iklii Ih•y r•K•i•io • ip•cif0 hAur• p•rfod in 1¢h r•w th•y ir• d•lwf•d. ill Olhpr Int4ff i• I6rded p•fiL in il l• r•1. I l ¢on&idqr•d Ihol. wilh lh• •Ac•pllanof lurfil Iw •nd bank •nd 1¢8 01genw•iing lunds. •ll •upp¢rt eo•l$ 41• DI Ih tr41 owndiluio difeaiy id4iilVa io thè obi•u8 ¢Y Ihothmiy. Thè Lt)Sl g•Mi•ilw lunds •nd rn•n8gewi 8nd •dminiSif•iion coli• 0888d on th10[ 514tl IoT ¥pqn¢ Ilude5 •, pths1 Ind onappwi•l• prO¢th¢fprQpefiY •ré 1upp ws. 41•• woiKt I(harIty. oln3 •thkno ••eh wvl•d l¥ ¢K••i•d # a dSiKI ¢hwl•bl• •xp•nw. T•nglble fix•d 118 JI fix4d asJ•i#• inillally rqcord•d ai c4)JL D•pr•cltlo O•pr0•t1 i•wo¥ld•0 •1 th• •nryAI fai•• In Wdwi¢vthl• off #••1 ovw itl •lllmai•d Ill•. Eqwpmeni 8 Fithf•5 8 F11¥ Comwrtqr Eiuipmèni 25% 33.33% StrAhl Lin• str•4hl Lin• e4ch repDrtir¢ ena d810. IM ¢h8rity revithrt Ih• c4tyfg WQurnsoI Its tor¥lts aslI0d0rmIn• ¥th•thtr Ih•ro its •ny indlc•ihin th81 Ihoge asl5 h¥6 6uffemd an Impiinrnt ioss. Ilww indi¢•ti1I$l$. the rec•¥orat4e •nwiof Ihe8gSW * QS¢imai8d i lo dolernth dlh• Iffini Irf •nyl. T•x•iion The ccrnp8nyi8 rngl4l•r•d Oy HM Rgwv•4 Custornl 1& • r•rftyfty IXlknn FLYpuse•and i# oxorw lrtthtwraiw t•x •rSilng Irom ils acllvilS. Th8 ¢ompaws preteni bal118 Ar• •X•m0fV9Iyfi athd 14x pum and n$ly il Is ntst rtqiStored. C•ni•lldalloTr Th• cornp•ny h•1 ¢•k•n •&41rt110• ol th• Wor4nOi io w•p•rn NlIdIdrlnIncW M•ni1 cnI¥d ITh S•ciion 391 ol th• cpanIeS Pa2fThon ih? tr4$14 Ih•llhe ar ils yJbsidKgry Und4r4 * tsmall 9rty•. Fund acGount4ry any h•¥ lypMoffun¢sfoi tith11 l• (•tsl Mquirn J•p•it• diaebiurn. A d•finllkin Gl thè v•ri of luthai h • follow•". Unro$w8 I¥$<3n beus¢d in4cc0rdBn ith Ilih9ritat49 Othe1¥9$ Ihe the Ir1. R•strltl•¢Y lund¥e4n only b• used ftr p8rtitythr PLYPOS•S thg Obs$10 eharity. A•trthin%1s*wtt0n 6P•T by ih onry funds •1• foiled lor pDrflt4Jl•ri•8tdth•d purfvwo. Pao0 18
TRAINING F MAR ACCOUNTh4G POLICIES I¢onimu•O) O•blor8 and ¢rodltors roc96¥ae1 pJyiblo wlthln onts y•4r 08w8 fx8oiior8 wth no $k91•J Ini8re• r8ie and ¢x pay0ty¥j1ihYlOe yew aro rocudBdal lrnrwibn kny10960$ ariswfrom impo1nI nreiewimd In •xwndili•. ¢4¥h ¢a•h •qulv41•ntB CashaThJ ca&hequIvanlj in dop01¥ 81 CAII with barths. Olher shon lerrnWAI irt¥ethrrtonl$wdh1n•1 m8iiKrfie$ol 118e mcrth$or k5s. id bar overdraft5. Barth ovorthalis we fxyrcwrirmjs iThomni liakniilios. Flnanclal InBlnimonto The thErlY has eledtd 10 wwsw)n•of S•c1w 11 'Ba¢FIn•n8l 8n¢ 12'0ihfrr FlnwK4•l In¥byrnqnl$18sv••' ol FRS I 81101 it8 IlnwKl•l InnJmenis. Fln•ncwl irthmqntuare r•wqniMd in Ch8thY bbl•r• ih••i wh•n lh• Chwity b•tomèi pwty 10 Im•nITIc1U•I provi¥icni DI i1 in1•ni. 8•%cfinllnual a5sels are inilwlly frSure thl Ir•ns8ttiu1 prie4 hcluélNJ COSIS Ard &thawiiycArriBd Ai •rnCrtQd 8ing IhB eff8eb¥o iniwegl fi1h3 wless arrawmrn cnstI1teS a fmarKill9 transaction. fi•re Ihe transact Is mèths¥d 81 th piosent v41L olthlulur• r•iPtS¢5CIUnt•d 1 a Mt• of ffti•r••i. Fir1 •38èt8 ¢bsfi8d 8sree•N8blowhhiThthw ye8r810 B•ilGflnMty•i Il•billll•8 ole knbll•llyi•cognl¥•d al Ir•rwlloTh uni••J tho JIMnomini eOMlilut•i * fin•neing If•niic¢iw, • th• d•tsl In¥Wnl l¥ m•wied 41 Ihq pitrn1 V•lLk ollh• p8yrnnis ¢J16&Ated •1 a m8rt•t f0 of Ini•f•S¢. Finait•l Ill11• aJwfi?d 88 p8y•Newilln ono >w¥• noi an)nts•0. Flr••n¢l¥l ImntI Icon16nu•dl Dgbl fft5mvn•ni¥ w• ¥uthwEntlyc••d oi •rrth11a•dtthl. u8W the iniw•¥t r•ig rn9v1 T(•d• ty•dilLY• aF• lop•y lty OrwVtS thai h•¥• b••n •t4ulrod In ihè tydinory cauraa of Op•r41K frorn lup1•15. knxrti pty•bl• r• cJ•S • tyjrroni 1K•bil1•$ il p•yff•ni l• Ouowllhin y•ror IAS• 11 not. Ilwy r• w•i•ni•d •#rnn ty•nI Ilibilill•i. TI•0• L¥•Oiior• •1• f•cooniMd inili•l Ir•n••Akn •nd lubl•q ffl•••ui•di mr#ii••d uiSng lh• •ll•¢iiv• Int•rnil m• D•r•¢ognlltoTr of fln4nclil IlilAIIUq• FinllncK•I liabl11$ 8fO d8recooniMI trAu91 obllgolioThJ •xpir• orjre dl8d•dtr ¢artsll•d. Afin•nSal ass•1 ora finanoal liatsllly 18 f•twls8d th• thoriiy b•r4Y•4 • party IQ Llw rfmirxu•l oltho B••lclIn1•I thrnIn11 w• lrtwlly r•¢4onls•o ai th• rn¢•lv•bh N p•yabkn Ind¢Alng r•W•d lrnrymcibn ¢oN•. Curi•ni •n¢l vJrr•nl ¥ubi•qu•ntly mMwr•d •1 th• 0nI1•1•iIW•d io b• p•ld rnr•i¥•d •Tr# n)1 di)urt•d. O•bt I11•5 4r0 iubsqquqrty 818mortisod ¢091. For all 8tyity in8¢Nmonii rqw¢fe¥$dsynlllcanc•, orInanCl as1 m81 w8 Indwidually 1¢•ni, Ih850 are •8••s10¢ If1¥4¢JoI1Y lor ifflP41rrn•nl. OtherfN41 ar• •its•s8•d Indi¥hlu•ity erf gf•UP8d on lh• b•si$ 014imiL91 ¢rndil ri¥k ch•r•¢i•Ilu. y rw•rMl• ollmpalrmvnl Jr• r•EryrlB•d thmdiaw. 10 lh• I0n1 Ihai th• r•¥•rwl rt•• rrt)I f•$1 Sn • •rnw ol nInlI1 •sJel Ih•t ex¢•ad3 fial th• ¢•rryity etToJni would hw• b••n h•d lh• Imp•irnth nol wevlousty tq•rtrtMpnib•d. P•nilon Trilning fot Women Nemwk Limiisd ¢p¢ralas adefnlldcontribthSons schoff Th? ssei$ ol IM StlM •re hèkl t0ra1• Ir Èof ffto campony In Ind•p•nd•niiy8Jminl8i8rnd fu. P8ym•ni8 018 08 an expen58 45 IhBy 1411 due. ConinknAhin# p•y•blo by ih•t•mwy 10 £23,905fu th• y•¥ •n¢•d 31 M•rrh ?112023,. t31,7521. Inv•8trn•fit• Flxed Bss01 uhstm•n18 W8 lThii•ity•i•¢l al rM)s1 lo1 SL•rn•nt of Financ4•1 P05iiicn ul th? tnwny. and w8 favi•4rnOltyknpairm•ni n OnL4 rx th8ng0$ in indi¢i Ilwl Valutr may Mt be rn¢o¥e$8•. Goin9 concern Thtt diredNs h•¥• Canded Iho eyctfjd r•vgrvJ• And •ypthidilur• lor Iho Wiod 12 monih¥fr•m 08¢• d $lgniw th8 finwal 8i8rnoni•. 1158 5ntpated lundw whlch hii btt•rt•ppli8d lor ill t• IMIKoming. Wrfh •ddiim814Wlcalbn5 bqw rn•d• In du Tn• lJii•cic¥ b•llvo Tr) TrwtaTi41 uncenalniy •$11 •no afe Conrthrn Mrffity•n¢ r•vwbU• •nd lundinll exlilb to •rnuro th• thdty 1$ •#othi t4)n¢•m. Jud9Trmnt• and •y &ourt•• #l •lhn•tl•n uthurt•liity Th• pi8p8fwion ol the finand rtqulres rnanagemefil lu makejud9ntS. 851irnai88 aKIo8SiWlions th•1 offW BmDLrt$ reed. Trs8 esiim•te$ ond l¥¢gemeni¥ Areuntusl1Y revie%Yed 8rvJ are bas80 on 8xpen•K8 andoiher f8¢tor& Indtxling exp8th81ionsolfuwre evenis ihDI we belie lu t r08tb ¢Ywl•n¢¥. A$a re¥th statemertsgre prepartd on Iha Going eoncem b8S. L••• Ren11 P•Y¥b téeth¥•bh• UtsJWW•lhg l••w¥ •r• rMg•d Ip lh• SOFA£ • itrilght lh• p•dr•Y l•aM. Forelgn curr•n¢y Foreign arg initslly¥ecopnised by ap%4ying lOlt lorow ornrAhlt th• wt e¥¢h8ngo rate Ihp fu181 oJrrency and Ihp fprwgn rur2nGy ai Ih&dai8 of Ihe tr8nsathion. Vthetary •wl$ ond li011110& ¢JBrthwnai80 w) ai the SIOIe are Hrlated Ure dotswy r.
Crfllcal accounung esilnTrated 8ndlLdgementy In lh• oppltK)n ol Chwill6 acewitw policlos, man•9wr•nt •r• r•quir•d lo rnok•Yj0n1•. •SllmMu4nd •¥¥UrnWbn¥ •boul Iho •n9 BmoLwI ol4uws•n¢1181ltlI$ thw •rnth rv80ily 8pp•rern frtyn thhor Eourc•i. The •slIM•S and 8$$ol4tod •wJnytkJni aro basod rffihiiiodl •xpgrignc8 •no 01 lactot6 thai aro c410r0d 10 b• roKg¥•71. Ath41 f•wllg m•y drff•rfw th980 0511t•s Th&esiimates ynderIre assurnptr%aTr revh¥td tn anoywng tsasis. R&viNwto tsiuniing éstimèth arn recwisod n the Ihe eslirnzle 15 wsed the rev15Kffl aifectsonlylh POriLJ. period of thè rtsvthtin andftrfLYè Wh>J5 misittn bolh 8rffrJturo.poriLts. Crfll¢&lludoen in 8ppl>?ng Ihe eniws8cwunling•J 111 To delvr th•n Its porformancernl•t•d ccndiliun8 •JJDf4•1odith grbm InEcrr•h•v• bo•n rn•t. {lil In81s•Jwry the r•osonwbknou ol lh• Going n¢¥n bwii•. DtroJoi8 hew p•moni In y•p•ring W• •nd ¥h11frK•¢•I1i loi the 12 rnonlhs Crf1¢818CttwRfrr4esTrmoles 8ndass¥fflS 111 Tongib fixed asseis are deprnoated ihoiru$6ful Ilvos inta 8teouni M&idu*i ¥ilu68, whartr ap1•. P4y20
TRAIIII NT YEAR ENDED JI MARCH 2024 INCOWPIG HESOVRCES FROII CHARITABLE ACIWTIES 2024 1 253.037 SFthsorship IrUded iThlh&8kth8, ar8 8$folkM." Sptoai EU Pragraffrfn8$ 8th Fi•sh St•rt T•w T4A Fund . D•p•rtmit lorih• e¢ox¥ 25.785 J01.249 419.985 $2,118 .205 317,712 D•wIml lorCommunikn•l ExetyJtbw Olfi 346.381 DFA DFA Unsung Hèro 8CC C•p•cAy Buildiw lJh•i IrK¢¥r• 30,186 SS,48 4S,8iS 27,331 58#,02& An•ly•g¢ by lurté R•iidct•d fvn¢J• 1253Q22 519,03J l.Z53.037 OTHÈR IIICOMe 20 4824 4.312 419 Oth•r Inrw Analyw by lund 4.731 R•iirt#•d lunds 4.731 Ol Intt#ioI É30,261 bi m•Je up al l011Tr4A'. Room hirn •Thl Ir*wiinp 810 toll•ry Itfftdlnq Olh•i l.J60 21,811 6.47 I,$Jo 419 419 P890?1
MEN NETWOAK LIMifEO YEAR ENDED JI MARCH 2024 CHARITABLE ACTivmES 2023 Prl•ci p•rtw S•rninaii and ccfd•rwÉ•$ 318,774 20.494 29J.842 2J.BOS Y26.916 11,941 2.516 31,752 142 49,320 3,328 3.954 285 889 4.019 1,403 1,987 Pensions St8ff e09t5 Aenl Swvi th•rgo Lphl h••t LlbrBry MRI•1• ind Boaid •Fp4nws Telephone aThJ l•x Insura General maintefjAn¢o Olfice $Wifyiary and posi•ao Advertisino promotw)n SlaH pwir¥ •r#J tr91 62,632 2.121 J.22• 274 4170 3,179 1,633 3,017 2.370 4•2 7J 4,09 5,4 582 (rjoAnt• co} B•nk Inwiast charo• Mi$¢8118n8ty Owacwlio 10.287 (Gnone co811 1 247 043 An•ly••d byfund UN•51du•d A•slriL?d ,7 2eS e42 451 1 246 758 1 247 043 7. TRV8TEE$' REu1RATI0N APIO BENEFITS Th•r• w•r• rKirwi•••' r•MUn•i•ik oroth•r rJ•n•fil• y•ir •nd•d 31 Mth 2W24, Mr lorlh•y4•r•nd•d 31 M•rth 2021 Thero pwld to fGY th• ytrthy 31 Mèith 2024. fwltyihey8ar 31 Mwth 2023. 8. STAFF COJTS Ww and SIrieS $•)JNy Oiher p•nw¢4J¥l¥ 270,4•2 23,350 345,339 37,17T All 818fi rwis rg141• to rMii•b thti•S. Tr8v•r•y o18rnploye•8 lh9yrW •• No. 10 Thè numbwol•npby88$htto$• roTrwolvJn thi y4wfdl ilhin Ihefdltrmry bands, w8." NO. É70.cthits£79.9 P•ue Z2
Nl G FOR ¥¥OMEN NETW ED EFI ARCH 2024 9. TAIJGI8Le FUED ASSETS OFFICÈ VIPMENT MPUTE AND COST Al 1 April 2023 Adthlions (M¥pos•15 20,251 1.750 83.336 1.700 Al 31 M•r¢h 3024 OEPRECIATM4 Al.1 April 2023 naro&for Ellrnlnaiod w thw¥al$ 10.021 3.055 18,6J7 1,295 71.468 4.js Al 31 M•rr 2024 NET BOOK VALU Al 31 Marth 214 At 31 March ))23 3.063 1.614 10. INVE$ThlÉNTS Bmuom foM4rL¢ Additions ¢¥rd lofvJrd Th• tfjrnp 1C¥J% ol lh• ¥hw• uWi•l ol TWTr4 Ent•41• Lin4d. • cJJrnp•ry In Northtrn Ir•iir ICornp•ny NbIr,. N10477S41 b)•• n&p•h •thI¥Y and room hin. 8IMd uKon trge£1$ Tr•irir•fwWornqn ihar• ol TWII EntWpriS L¥ni15 rtqt Jb&t#r• £NII 8nd £1 re¥.¥9. 11. DE8TORI Duè Ifom Propayrrrrts 80,89S 1,OllO 144.048 S.075 89.97$ 11. ¢REDITOA$.Afflounli falllng llhln •n• y••r Operalino t*athiOrn Aecnmli 12,J29 65,797 Z&,OJ9 164,730 25.730 S70 1,859 ¥9JrY OthEr u•dilt41 105,QIJ 19Z.095 PJw23
OR WOMEN NETWORK LIIAITEO 13. LEASING COAIMITMeN78 ThètfjmpanS annLwI cmmiim)tsforf8nt81 p8ymenL%mYernon<ncli4Me wolire leo$e$ 8131 MBrrh2Q24 we as set out L4nd a Land and buildiffjts OrBtiry ara ¢kn.. Wilhyl on• yo•r Tmvio fiw y••r4 Qvtt fN• y•w• 38.99 36.990 Le880 pgynwts rKogrMd •5 knno Ih•y•WW• £28,W12023". .1. 14. RELATED PARTIES Th• lo ol lh• iMd •h•r• r4l•l TWN enl•ipd••• LI¢111047?S4, •ts>YwtylncwMl•a in Nts1th1rn Ir•l•nd Mr J McMw¥J5 • r•i41o¢ p•rty ol ithJ 9i•nd8M d¢thadlylNll•• W¥ P L•Y&•yC8E, Mr l)•c•r an enWow• ofTWN in Ihe y¢w 31 Marth 2W24 11hSt• nryO ioi•llir4 E6.192.6& Com¥ In y••r •ndirwJ 31 Marth 2023knw8 £24,476. Pl•ybo•rf • r•l•iqd wny ol th• • Iruii•• P L••I•y.Mr>•Y CBE •• • dI¥•clordrI y•ir. Th•r• rn14l•d Pty Iran8101 Iwffjom hir• 01 £110ry th• y•ii lo 31 r¢Th 2023. 10. AESERVES Opefjlng lo¢•mlng IMl¥nc• T•w¥ua8 R••o¥r¢¢¥ Mov•merrt Irb Clo&lng r•g•YvM balance Trnlhltyf•rWom•n m•k¥0 LlffAt•d v•••r¥•B l * & b I TrrAlty Woffl N•ty¥ork Lill unr•itrled r?1•r1 Tr9 wom•n N•ts¥oth Ltd M•mrI, lund$ 70,940 1#.5221 113.4J7) 12741 28,724 ,796 Futhd•d r••trf¢t•d l G I O•panm•ni fty th• e¢Momy 41.040 7,500 S2,e18 193.8581 141,040> 17.SOO} 12,3C¥JI 12,5931 SEUPB PEACE O•panmpni lor Cthmmunill• The ENO11¥4 oifico OFA DFA Vnsury TrltrO•S 8¢¢ C8P8tyty &Jildiw Gmnl Olhor 07,205 317,712 1320.3051 ,186 $5,489 45,815 i>J.i&si {55.4891 145.8151 9,570 9,570 03,003 142, 6J.4JJ TOTAL FUNDS 16Z,941 117.144 . Trnining Women NoMvkLwTrd•d rK•N•S w• us•df¢r ad118 th81 41mg and ¢1 •¢harIty. b, Mgrnb•rJ li• r•Jirha•d p•yrIn C4•l•thAGM Ind0th•r¢Idel19n1i8d bylt• DSi•dor•, c. Fund•rs r•w¥u •1• r•#trld•dtOlC¢iol cwtr•¢is lorfLOI. PBge 24
TED NOTÉS TO THE FI TATEMENTS 18. ANALYSIS OF NET ASSETS BETWEEN FIINDS Unrn•tyi¢io R••tyi¢¢e¢ Fund• Total Funds Fund 31 morth24 reted by.. T•rvJlbl• •sM¢• CuThenl Ou•111¥bIlhlj 2.07T J4.1JO ?.Q77 4J.720 9.$70 38.227 9.570 4S.797 Fuid tr1 1131 Mwth 2 w• rnw••ni•d ty. asaei$ Curreni a$$11kgbilIl5) 4.677 4,677 158 264 83003 99.938 63.(K)3 17. OÉNÈAATED FROhJ OPERATION8 lor ihb y••1 1117,1441 10.723 D•w•cliik)n 4310 10.99$ Dey•a$ollhxre4sel in d8blor¥ Inu¢4Yel{decr••l In credilwl Iru•4wlldcY•*MI in dg1orr•d IIK•I 59.14e le7.6B21 31,243 2.260 ¢•th g•n•r4t•dfmffl •p•r•tlgn• 141 J21 18. ANALYSIS OF ¢MANoes IM NET FUN08 TM dwilly h•d Tr)d•bl dudryJ y••t, I•. UABILITY OF MEMBERS Ev mornbvN ol IMnY uréMAk•• io ¢Mthbul• wch •Mt5 4• miy b• r•wlr•d Inct excogdir¢ ÉIOI lo camwll •u•is1111 è• wwnd up wfiiK• or 4h• li • rn•mbèi, loi payrn•ni th• ¢IYnwn1 d•bt¥ •nd114D41ili•i D)nw•¢t•a ty•1oT• he to bo J m•mbv. oflh• •TrJ ol up, •nd IDrtho ¥dI1n ol the rvJhl• P4ge 25