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 ne￿orkS 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 be￿een 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 pea￿bUilding 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 ServI￿S 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 perfon￿an￿ 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*w¥• noi an￿)nts•0. Flr••n¢l¥l I￿￿￿m￿ntI Icon16nu•dl Dgbl fft5mvn•ni¥ w• ¥uthwEntlyc•*•d oi •rrth11a•dtthl. u8W the iniw•¥t r•ig rn9v￿1 T(•d• ty•dilLY• aF• lop•y lty OrwV￿tS thai h•¥• b••n •t4ulrod In ihè tydinory cauraa of Op•r41K*￿ frorn lup￿1•15. knxrti pty•bl• *r• cJ•S￿￿￿ •* tyjrroni 1K•bil￿1•$ 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•d*i *mr#ii••d uiSng lh• •ll•¢iiv• Int•rnil m• D•r•¢ognlltoTr of fln4nclil IlilAIIUq• FinllncK•I liabl￿11$ 8fO d8recooniMI ￿trA￿u91 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 rfmirx*u•l oltho B••lclIn￿1•I ￿th￿rnIn11 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• 0￿*￿nI1￿•1•iI￿W￿•d io b• p•ld ￿ rnr•i¥•d •Tr# n)1 di￿)urt•d. O•bt I￿11￿•￿￿5 4r0 iubsqquqr*ty 818mortisod ¢091. For all 8tyity in8¢Nmonii rqw¢fe¥$dsynlllcanc•, ￿￿o￿￿rInanC￿l as￿1 m81 w8 Indwidually *￿1¢•ni, Ih850 are •8••s10¢ If￿1¥4¢*JoI1Y lor ifflP41rrn•nl. Otherf￿N41 ar• •its•s8•d Indi¥hlu•ity erf gf•UP8d on lh• b•si$ 014imiL91 ¢rndil ri¥k ch•r•¢i•￿Ilu. y rw•rMl• ollmpalrmvnl Jr• r•EryrlB•d thm*diaw￿. 10 lh• I￿0n1 Ihai th• r•¥•rwl rt•• rrt)I f•$￿1 Sn • •rnw* ol ￿nIn￿lI1 •sJel Ih•t ex¢•ad3 *fial th• ¢•rryity etToJni would hw• b••n h•d lh• Imp•irnth nol wevlousty tq•rtrtMpnib•d. P•nilon Trilning fot Women Nemwk Limiisd ¢p¢ralas adefnlldcontribthSons schoff* Th? *ssei$ ol IM Stl*M •re hèkl t0￿ra1•￿ 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 uh*stm•n18 W8 lThii•ity*•i•¢l al rM)s1 lo1￿ SL*•rn•nt of Financ4•1 P05iiicn ul th? t*nwny. 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•¥• Can￿d￿ed Iho eyctfjd r•vgrvJ• And •ypthidilur• lor Iho Wiod 12 monih¥fr•m ￿0￿8¢• d $lgniw th8 finwal *8i8rnoni•. 1158 5nt￿pated 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 •￿$11 •no afe Conrthrn Mrffity•n¢ r•vwbU• •nd lundinll exlilb to •rnuro th• th*dty 1$ •#othi t4)n¢•m. Jud9Trmnt• and *•y &ourt•• #l •*lhn•tl•n uthurt•liity Th• pi8p8fwion ol the finand* rtqulres rnanagemefil lu makejud9￿ntS. 851irnai88 aKIo8SiWlions th•1 offW BmDLrt$ re￿￿ed. Tr*s8 esiim•te$ ond l¥¢gemeni¥ Areunt￿usl1Y revie%Yed 8rvJ are bas80 on 8xpen•K8 andoiher f8¢tor& Indtxling exp8th81ionsolfuwre evenis ihDI we belie￿￿ lu t* r08t￿b* ¢Yw￿l•n¢￿¥. A$a re¥th statemertsgre prepartd on Iha Going eoncem b8*S. L••• Ren1￿1 P•Y¥b￿ téeth¥•bh• UtsJWW•lhg l••w¥ •r• rMg•d Ip lh• SOFA£￿ • itrilght lh• p•dr•Y l•aM. Forelgn curr•n¢y Foreign arg initslly¥ecopnised by ap%4ying lOlt* lorow ornrAhlt th• wt e¥¢h8ngo rate Ihp fu￿1￿81 oJrrency and Ihp fprwgn rur2nGy ai Ih&dai8 of Ihe tr8nsathion. Vthetary •wl$ ond li0￿11110& ¢JBrthwnai80 w) ai the SI￿￿￿OIe are ￿Hr￿lated U￿re dotswy r*. Crfllcal accounung esilnTrated 8ndlL*dgementy In lh• oppl￿tK)n ol ￿ Chwill6 acewitw policlos, man•9wr•nt •r• r•quir•d lo rnok•Yj￿￿0n1•. •SllmMu4nd •¥¥UrnWbn¥ •boul Iho •n9 BmoLwI ol4uws•n¢118￿1ltlI$ thw •r*nth rv80ily 8pp•rern frtyn thhor Eourc•i. The •slIM￿•S and 8$$ol4tod •wJnytkJni aro basod rffihiiiod￿l •xpgrignc8 •no 01￿ lactot6 thai aro c4￿10r0d 10 b• roKg¥•71. Ath41 f•wllg m•y drff•rfw th980 0511￿t•s Th&esiimates ynderI￿re assurnptr￿%aTr revh*¥td tn anoywng tsasis. R&vi*Nwto *tsiuniing éstimèth arn recwisod *n the Ihe eslirnzle 15 wsed the rev15Kffl aifectsonlylh* POriL*J. period of thè rtsvthtin andftrfLYè Wh>J5 misittn bolh ￿ 8rffrJturo.poriL￿ts. Crfll¢&lludoen￿ in 8ppl>?ng Ihe eniws8cwunling•J 111 To delv￿r* *th•n Its porformancernl•t•d ccndiliun8 •JJDf4•1od*ith grbm InEcrr•h•v• bo•n rn•t. {lil In81s•Jwry the r•osonwbk*nou ol lh• Going ￿n¢¥n bwii•. DtroJoi8 hew p•moni In y•p•ring W• •nd ￿¥h11￿frK•¢•I1i loi the 12 rnonlhs Crf1¢818CttwRfrr4esTrmoles 8ndass¥ffl*￿S 111 Tongib* fixed asseis are deprnoated ihoiru$6ful Ilvos inta 8teouni M&idu*i ¥ilu68, whartr ap￿1￿•. P4y20 TRAIIII NT YEAR ENDED JI MARCH 2024 INCOWPIG HESOVRCES FROII CHARITABLE ACIWTIES 2024 1 253.037 SFthsorship Ir￿Uded iThlh&8kth8, ar8 8$folkM." Sptoai EU Pragraffrfn8$ 8th* Fi•sh St•rt T•w T4A Fund . D•p•rtm*it lorih• e¢ox¥ 25.785 J01.249 419.985 $2,118 .205 317,712 D•wIm￿l 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#i*oI 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 pw*ir¥ •r#J tr9￿1 62,632 2.121 J.22• 274 4170 3,179 1,633 3,017 2.370 4•2 7J 4,09 5,4 582 (rjo￿Ant• co*} B•nk Inwiast charo• Mi$¢8118n8ty Owacwlio 10.287 (G￿none* 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$' RE￿u￿1￿RATI0N APIO BENEFITS Th•r• w•r• rK*irwi•••' r•MUn•i•ik￿ oroth•r rJ•n•fil• y•ir •nd•d 31 M*th 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 SI￿rieS $•)JNy Oiher p•n*w¢4J¥l¥ 270,4•2 23,350 345,339 37,17T All 818fi rwis rg141• to rMii•b* thti•S. Tr*8v•r•y o18rnploye•8 lh9y￿rW￿ •• 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 OEPRECIATM*4 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 2￿14 At 31 March ))23 3.063 1.614 10. INVE$ThlÉNTS Bmuom foM4rL¢ Additions ¢¥r￿d lofvJ*rd Th• tfjrnp￿ 1C¥J% ol lh• ¥hw• uWi•l ol TWTr4 Ent•￿41￿• Lin4￿d. • cJJrnp•ry In Northtrn Ir•iir ICornp•ny N￿￿bIr,. N10477S41 *b)•• ￿n&p•h •thI¥￿Y and room hin. 8IMd uKon tr*ge£￿￿1$ Tr•irir•fwWornqn ihar• ol TWII EntWpri￿S L¥ni1￿5 rtqt Jb&*t#**r• £NII 8nd £1 re¥￿.¥9￿. 11. DE8TORI Duè Ifom Propayrr*rrts 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 ¥9￿Jr￿Y OthEr u•dilt41 105,QIJ 19Z.095 PJw23 OR WOMEN NETWORK LIIAITEO 13. LEASING COAIMITMeN78 Thètfjmpan￿S annLwI c*mmiim*)tsforf8nt81 p8ymenL%mYernon<*nc*li4Me wolire leo$e$ 8131 MBrrh2Q24 w￿e as set out L4nd a Land and buildiffjts O￿rBtiry ara ¢kn.. Wilhyl on• yo•r Tmvio fiw y••r4 Qvtt fN• y•w• 38.99 36.990 Le880 pgynwts rKogr￿Md •5 knno Ih•y•WW• £28,W12023". ￿.￿1. 14. RELATED PARTIES Th• lo￿ ol lh• i**Md •h•r• r4*l•l ￿ TWN enl•ipd••• LI￿￿¢111047?S4￿, •ts>YwtylncwMl•a in Nts1th1rn Ir•l•nd Mr J McMw¥J5 ￿ • r•i41o¢ p•rty ol i*thJ 9i•nd8M d¢thadlylNll•• W¥ P L￿￿•Y&￿￿•yC8E, Mr l)•c•r an enWow• ofTWN in Ihe y¢w 31 Marth 2W24 *11h￿St• ￿n￿ryO￿ 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¥•clord￿rI y•ir. Th•r• rn14l•d P*ty Iran8￿10￿1 Iwffjom hir• 01 £110￿ry th• y•ii lo 31 ￿r¢Th 2023. 10. AESERVES Opefjlng lo¢•mlng IMl¥nc• T•w¥u￿a8 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 Tr￿rA￿lty Woffl￿ N•ty¥ork Lill unr•itrl*ed r?1•r￿1 Tr￿￿￿9 ￿ wom•n N•ts¥oth Ltd M•m￿rI, 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 ENO￿11¥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 ad1￿18* th81 41mg and ¢1 ￿•¢harIty. b, Mgrnb•rJ li• r•Jirha•d ￿p•y￿rIn￿ ￿ C4•l•thAGM Ind0th•r¢￿Idel19n1i8d bylt• DSi•dor•, c. Fund•rs r•w¥u •1• r•#trld•dtOlC¢i￿ol cwtr•¢is lorfL￿OI￿. 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 morth2￿4 re￿￿￿ted by.. T•rvJlbl• •sM¢• CuThenl Ou•1￿11¥bIlh￿lj 2.07T J4.1JO ?.Q77 4J.720 9.$70 38.227 9.570 4S.797 Fuid tr*1￿* 1131 Mwth 2￿ w• rnw•*•ni•d ty. asaei$ Curreni a$$￿￿11kgbilIl￿5) 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•4wlld*cY•*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 IM￿nY uréMAk•• io ¢Mthbul• wch •M￿￿￿t5 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• ¢IYnwn￿1 d•bt¥ •nd114D41ili•i D)nw•¢t•a ty•1oT• he to bo J m•mbv. oflh• •TrJ ol up, •nd IDrtho ¥dI￿1n￿ ol the rvJhl• P4ge 25