Company Number N1030477
Charty Registration No. N1102189
TRAINING FOR WOMEN NETWORK LIMITED
A COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
*AE29HDTL*
1010512025
COMPANIES HOUSE

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 Neiwork Ltd (TWN)
Reg No:
HMRC Chanty no: XO 2044-95
Nl Company No-N1030477
Nl Charities Commission No- NIC102189
Address:
Ground FlfX)r. Suite 2
Elizabeth House
116-118 Holywood Road
Belfast
BT41 NY
Trustees
Patricia Lewsley Mooney (Chairperson)
Dr John Bary
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 Branrff
Chief Executive.. Norn￿ Shearer
Solicitors:
Cleaver Fulton Rankin.
Bank:
First Trust Bank Ltd
33,-35 University Road
Belfast
Auditors:
BMK Accounb"ng Ltd
43 Lockview Road
Belfasl
BT9 5FJ
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TRAINING FOR WOMEN NETWORK LIMITED
REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2024
2. Structure, Governance and Management
Training For Women Netrwork Limited (TVW4) is govemed by a Memorandum. and Articles of Association
and is a company limited by guarantee wrth charitable status. TWN is also a registered charity registered
with the Northem Ireland Charities'commission Number NIC 102189. TWN is a membership
organisation and as such its trustees are recruited from its membership base. TVblN 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 serve for three
years, after which they must stand down and apply for re-election.
The Board's roles and ￿spOnsIbl11t1eS are contained in the Board Inducts'on Manual and detail the
strategic level of their decision-making powers. Operational matters are delegated to the Chief
Executive who reports to the Board at meets.ngs held six times per year.
3 Objectives and Activities
TVVN was called fO￿ard for registration by the Charities Commission Northern Ireland and received its
charity number and registration in May 2015.
The Purpose of the Charity is:
1. To advance, prorrK)te. develop and coordinate the provision of adequate. aC￿SSible, quality
training and pre-vocational training for women in Northem Ireland and beyond to maximise the
integration ofwomen in the labour market.
2. To provide a fowml focus for Northern Ireland, representatives of the private, public and
voluntary sectors. the trade unions. educab'on and training practstionersand individuals involved
in women's training.
3. To promote any or all ackn'vities for the benefft of the community which now or hereinafter may
be deemed in law to be charitable and in partj'cular the advancement of all forms of training of
women.
The publlc benefits that flow from the charitable purposes are:
a) Women are securing:
Enhanced educational attainffent, transferable skills. capabilities and capacities of women
and improved potential to secure employment.
The empowemient of women to play a full part in their communities and socEty in general.
The beneficiaries are women throughout. These benefits can be evidenced through internal records
kept of the progress and qualifications achieved by the participants, evaluations of the work and impact
of the organisation, feedback from beneficiaries and independent evaluations for 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 io meet
the identified nee(J.
The beneficiaries are women as individuals and through appropriate community and voluntary sector
organisations. These benefrts are eVIden￿d through publications such as research reports, and
monitoring retums.
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TRAINING FOR WOMEN NETWORK LIMITED
REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2024
c) Increased efficiency and effectiveness of the cornmunity and voluntary organisations that
receive support. resulting in enhanced outcomes and Servi￿ delivery and. consequently, an
improved quality of life for those who benefit from the work of these organisations. The
benef￿larieS are community and voluntary sector organisations. These benefits can be
evidenced through intemal rmnitoring records and feedback and evaluations.
No harm arises from these purw)ses.
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 informats'on about the training of women and
other disadvantaged groups
The provision of advice and assistance with regard to the training of women and other
disadvantaged groups.
The organisation and rna1ntenan￿ of a network whereby all bodies, organisations or
individuals, either involved in or interested in providing or receiving training for women can liaise
and c(>operate with each other with regard to the training for women and exchange information
and ideas on the training of women and other disadvantage groups.
The holding of acb'vitEs and events relating to the training of wornen 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 training of women and other disadvantaged
groups.
The promotion andlor 5UPPOrt of regional initiative5 de5igne(J to 5akn5fy lool needs with regard
to the training of women and other disadvantsged groups throughout Northern Ireland and
Beyond.
The estsblishment of links wilh European and other world networks
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 Perfomiance
Re
ional Infrastructure Su
ortPr
ramme
RISP
for women in rural and disadvanta
ed areas.
The RISP Consortium is comprised of the following organisations:
Training for Women Neiwork (TWN) - Project Lead
Vvomen's Resource and Development Agency {WRDA)
Women's Support Network (INSN)
Northem Ireland Rural Women's Network (NIRWN)
Women's TEC
Vvomen's cent￿ Derry (WCD)
Foyle Women's Information Nefvlork (FWIN)
The Consortium is the estsblished link and strategic partner beiween Government and statutory
agencies and women in disadvantaged and rural areas (D&RA). including all groups, centres and
organisations delivering essential frontline services. adV￿e and support. The Consortium ensures a
continuous bN&way flNI of informats.on between the Government and the sector. It ensures that
organisationslcentres and groups are made avRre 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 foDward to influence policy development and future government planning.
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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.
TKIVN oversees the work of the Consortium. which conducts research, carries out consultations,
develops lines of engagement. bottom-up and topdown and operates as one point of contsct between
Government. statutory agencies, I(￿al 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 sorne of the most
disadvantaged and ruralty isolated a￿a$ of Northem Ireland who previously did not have the opportunity
to avail strategic support, guidan￿ and engagement through regional organisations.
Em
lo
abili
Trainin
Pro
rammes
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 1&24
not in employmen( educalion or training and WRAP is for Worren Returners aged 24+
TWN provided 1-2-1 mentoring sessions. CV building. communication skills, teamwork. time
management, inteNiew 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 cbothing
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 empk)yment.
DFA- Strate
ic Partne￿h1
TWN made significant stn'des during the project year by advancing tailored reconciliakn.on 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 resolukn'on. cross-communty understanding, and
active participatron in peacebuilding efforts. The development of a digital learning platfom and
psychometric questionnaire empowered participants to Co-design their leaming paths, ensuring that
training rnet individual needs. This approach not only increased participants. knowledge but also
promoted long-term community cohesion, breaking down barriers and initiats'ng sustainable
partnerships.
DFA Unsun
Hero's
The "Unsung Heroes" project has made significant progress, celebrating the vital yet often overlooked
contributions of women to the Go(xl Friday Agreement (GFA) and society at large. To date. six out of
seven interviews with prominent female ￿lItiCianS and six out of seven interviews with grassrcots
community women have been completed, wrth 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 dTrgital platform and coordination
efforts, including engagements with the Department of FOre￿n Affairs, pave the way for a high-profile
dual launch in Bellast 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
Reconciliation Fund's mission to promote dialogue, education, and a united civil society.
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TRAINING FOR WOMEN NETWORK LIMITED
REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2024
Belfast Cl
Council - Ca
aci
Buildin
Grant.
During the reporting year, TM successfully adVan￿d multiple impactful 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 We￿ 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 applications and
offering govemance and financial management support, bolstering their resilien￿ amid funding
transitions. Additionally, TWN championed policy engagemenc enabling groups to acttvely respond to
consultstions and shape strategic community discussions.
Review of the Im
aet of Brexit
The Peace plus programme has been agreed u￿n and its multi annual project open calls are in
progress. A funding diversification strategy has been implemented to source additional non-EU funding
strearr6 to support the work of the charity in the future.
S. 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).
Reserves Policy
TWN maintains a prudent level of reserves to manage financial risks and fuffil its commitments. The
aim is to ensure the organisation can continue its work while adapting to changing circumstances. The
reserves policy is designed to prevent seNtt disruption due to sudden funding shortages or unforeseen
expenditure increases.
The policy ensures that resen4es are nerther higher than necessary nor held for longer than required.
This approach allows time to seek alternats've funding. restructure, or reduce ￿$ts 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.
Prlncipal Risks 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, Audit. and Finan￿ Sub-Group. which regularly reviews the key strategic
and operational risks facing the organisats'on. The trustees confirm that effective controls and reporting
systems are in Pla￿ to assess risks and mits'gation measures.
Financial Risks
. The primary financial challenge is income generation. TVVTr4 relies heavily on securing funding from
government 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.
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TRAINING FOR WOMEN NETWORK LIMITED
REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2024
The immediate priority is to Secu￿ funding to sustain projects and posts into the fvture. TWTr4 will also
work to control costs and ensure services are delivered as efficiently as possible.
Management and Operational Delivery
TWN has robust governance structures. policies, and procedures to ensure sound decision-making and
accountability. In response to the evoFving 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 perf0rrnan￿ management to strengthen the
team. The safety and well-being of TWN'S stsff and beneficiaries remain paramount, and the
organisation has comprehensive policies Govering Data Protects'on. Heatth and Safety, Safeguarding
for Children and Adults at Risk, and Customer Care.
System Security
TWN is committed to maintaining Secu￿ systems that cornply with data protection legislation. All
systems are protected by passwords and firewalls, with data access resln'cted to those who need it for
their roles. Regular data backups (daily. weekty. 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 wth legal, regulatory, or best pracb'ce standards coukl cause significant ￿pUtatIOnal
damage to TWN. To mitigate this risk, the organisation follows established policies and procedures
aligned with best practices. These policies undergo an annual ￿VIeW to ensure compliance with the
latest legal and regulatory frameworks.
External Risks
TWN 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 sep4ices. The
organisation is committed to strengthening partnerships and ensuring high-quality training provision that
meets the needs of its beneficiaries. TM will continue working wrth govemment departments to secure
funding fortraining and development programmes that supportwomen in rural and disadvantaged areas
across Northern Ireland.
Plans for future periods:
. TWN has secured the following future funding:
Department for Communities- Regional Infrastructure Support Programme for
disadvantaged and rural worrEn.
DFA strategic Partnership
DFA- Contentious objects
Belfast City Councik Capacty Building Grant.
7: Future training and Development
Diversity and transgender awareness training
ILM suite of training from levels > to 7 in Leadership and Management on a commercial basis.
TQUK Level 3 Award in Education and Training.
TQUK level 3 Meditation
Page 6