Company Number N1030477
Charity Registratlon No. N1102189
TRAINING FOR WOMEN NETWORK LIMITED
A COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2026
11111111111
*AE121X16*
2411212025
COMPANIES HOUSE
A56

TRAINING FOR WOMEN NETWORK LIMITED
FINANCIAL STATEMENTS
YE
R ENDED 31 MARCH 2025
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

Reference and Administration Details:
Name:
Training for Women Network Ltd (TK+VN)
HMRC Charity no: XO 2044-95
Nl Company No -N1030477
Nl Charities Commission No- NIC102189
Reg No:
Address:
Ground Floor, Suite 2
Elizabeth House
116-118 Holywood Road
Belfast
BT41NY
Trustees
Patricia Lewsley Mooney (Chairperson)
Kelly Andrews (Vice Chair)
Maureen Maguire resigned 2710512025
Katherine Mccloskey {Treasurer)
Eileen Bell (Company Secretary)
Julie Flanagan
Caroline Johnston (Appointed 0611212023)
Rhonda Lusty
April Dalzell (Appointed 0511212024)
Shannon Mc Lorie (Appointed 2911112024)
Aoife O Donaghue ( Appointed 2010912025)
Chief Executlve.. Norma Shearer
Solicitors:
Cleaver Fulton Rankin.
Bank:
First Trust Bank Ltd
33-35 University Road
Belfast
Page I

Auditors:
BMK Accounting Ltd
43 Lockview Road
Belfast
BT9 5FJ
2. Structure, Governance and Management
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
serve 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. Operational matters are delegated to the
Chief Executive who reports to the Board at meetings held six times per year.
3 Objectives and Actlvities
TWN was called forward for registration by the Charities Commission Northern Ireland and
received its charity number and registration 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 practitioners and
individuals involved in women's training.
3. To promote any or all activities for the benefit of the community which now or
hereinafter may be deemed in law to be charitable and in particular the advancement
of all forms of training of women.
The public benefits that flow from the charltsble purposes are:
a) Women are securing:
Enhanced educational attainment, transferable skills, capabilities and capacities of
women and improved polential 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 participants, evaluations of the
work and impact of the organisalion, feedback from beneficiaries and independent evaluations
for funding bodies.
Page 2

b) Advocacy, promotion and sharing of best practices in training for women. Research
into issues impacting women and Development of appropriate flexible innovative
Iraining packages to meet the identified need.
The beneficiaries are women as individuals and through appropriate community and voluntary
sector organisations. These benefits are evidenced through publications such as research
reports, and monitoring returns.
e} Increased efficiency and effectiveness of the community and voluntary organisations
that receive support, resulting in enhanced outcomes and Servi￿ delivery and,
consequently, an improved quality of life for those who benefit from the work of these
organisations. The beneficiaries are community and voluntary sector organisations.
These benefits can be evidenced through internal monitoring records and feedback
and evaluations.
No harm arises from these purposes.
Incidental benefits may arise from transferable skills training offered to Board members to fuffil
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 assistance with regard to the training of women and other
disadvantaged groups.
The organisation and maintenance of a network whereby all bodies, organisations or
individuals, either involved in or interested in providing or receiving training for women
can liaise and co-operate with each other with regard to the training for women and
exchange information and ideas on the training of women and other 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
identified need for greater training for women to facilitate the training of women and
other disadvantaged groups.
The promotion andlor support of regional initiatives designed to satisfy local needs with
regard to the training of women and other disadvaniaged groups throughout Northern
Ireland and Beyond.
The establishment of links with European and other world networks
The monitoring of European Union funding for womert's trainirrg 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 Perfonnance
Re
ional Infrastructure Su
disadvanta ed areas.
ort Pro
ramme
RISP
for women in rural and
The RISP Consortium is comprised of the following organisations:
Training for Women Network (TVVN) - Project Lead
Pa8e 3

Women's Resource and Development Agency (WRDA)
Women's Support Network (WSN)
Northern Ireland Rural Women's Network (NIRIM)
Women's TEC
Women's Centre Derry IWCD)
Foyle Women's Information Network (FWIN)
The Consortium is the established link and strategic partner between Government and
statutory agencies and women in disadvantaged and rural areas (D&RA), including all groups,
centres and organisations delivering essential frontline services. advice and support. The
Consortium ensures a continuous two-way flow of information bebNeen the Government and
the sector. It ensures that organisationslcentres and groups are made aware of consultations,
government planning and policy implementation. In lum, the Consortium as￿rtaInS the views,
needs and aspirations of women in D&RA. It takes these views forward to influence policy
developmenl and future government planning, 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 lo widen the regional support to those
women, groups and organisations operating in isolation in some of the most disadvantaged
and rurally isolated areas of Northern Ireland who previously did not have the opportunity to
avail strategic support, guidance and engagement through regional organisations.
DFA- S
rate
Partnershi
Year 3 represented a major milestone for Training for Women Network Ltd, marking the
successful consolidation and expansion of the project's impact. Over 60 women engaged in
innovative online training, contributing to more than 240 participants over three years. The
launch of the EmpowerHER T¢x>lkit and online peer forum strengthened inclusion, confidence,
and cross-community connection, with resources now being shared across community and
educational settings. Wornen reported increased self-belief, civic participation, and lasting
relationships that transcend traditional divides. The project's legacy is clear-empowered
women leading change, fostering reconciliation, and building a stronger foundation for peace
and inclusion across Northern Ireland and the Border Counties.
FA Ech
es of Her Coura
During the reporting year, Echoes of Her Courage achieved significant success in empowering
women to share their lived experiences of conflict. resilien￿, and peacebuilding. Through
storytelling workshops, training, and community roadshows, 20 women completed the six-
module prograrnme, wrth a further 75 engaging in wider networking and dialogue. The
introduction of filmed narratives and a digital story archive has ensured that these voices are
preserved for future generations. Participants reported increased confidence, empathy, and
readiness to take part in civic and community lrfe. The project continues to strengthen
reconciliation across Northern Ireland and the border areas by amplifying women's voices,
fostering understanding, and building lasting cross-community relationshiws rooted in healing
and shared truth.
Page 4

DFA Shared island-
The Shared Island Civic Society Fund project successfully strengthened cross-border
collaboration and women's civic participation across Northern Ireland and the Republic of
Ireland. Through workshops. dialogue sessions, and shared storyielling, women from diverse
backgrounds built mutual understanding, explored common challenges, and developed
sustainable partnerships. The project created new cross-border networks focused on equality,
leadership, and inclusion, with participants reporting greater confidence and a stronger sense
of shared purpose. TWN'S co-design approach ensured meaningful engagement, empowering
women who had not previously taken part in such initiatives. This work has laid a durable
foundation for future cooperation. contributing directly to the Fund's goals of promoting
connection. empathy. and an inclusive. peaceful island community.
ncll - Ca
aclt Bulldln
Grant.
The project achieved strong and measurable results, engaging 70 participants across seven
capacity-building activities, with 40 accredited qualifications achieved at Levels 3-5 in
education, training, leadership, mentoring and quality assurance. Ten small partner
organisations received targeted governance, financial management and funding-readiness
support, strengthening their sustainability in a changing funding landscape. Wellbeing and
engagement activities supported over 70 women from priorty groups. with approximately 900/0
self-reporting improvements in confidence, resilience and sense of belonging, while around
75% reported increased participation in volunteering, consultations or active citizenship.
Overall, the project delivered high completion rates, strengthened organisational capacity, and
generated tangible benefits for women and communrty organisations, particularly within areas
of greatest deprivation
One Sto
Sho
The One Slop Shop project, delivered by Training for Women Network (TWN) Sn partnership
with Women's Aid, housing, legal, and welfare agencies, has been a resounding success in
addressing domestic and gender-based violence across multiple communities. Despite a short
delivery timeframe, the initiative reached over 30 women and their families, offering
immediate, trauma-infomed, and multi-agency support that enabled participants to make
safer and more informed decisions about their futures. Through strong inter-agency
collaboration, the project removed barriers to accessing vital services, reduced the need for
repeated storytelling, and ensured a coordinated, compassionate response to complex n&ds.
The inclusion of culturally sensitive support for refugee and asylum-seeking women, alongside
access to translation and immigration expertise, ensured that no woman was left behind. The
delivery of four Domestic Abuse Awareness Sessions and the engagement of 15 male
comrnunity ambassadors further strengthened awareness, prevention, and allyship within
local communities. The creation of child-friendly spaces across venues improved accessibility
for mothers, enhancing famiSy wellbeing and participation. Importantly, the One Stop Shop
was coordinated from the outset to be self-sustaining, with partnerships and community
ownership ensuring thal the seNice has continued beyond March 2025. Overall, the projecl
has delivered tangible improvements in safety. confidence. and empowerment for women,
while contributing meaningfully to the objectives of the Domestic and Sexual Abuse Strategy 2024-,
2031 throu8h collaboration, prevention, inclusivity, and long-term community capacity buildin8.
PEACE Plus Women's Reconciliation Pr
Training for Women Network (TINN) and project partners were successful in securing funding
through Ihe PEACEPLUS Programme, Investment Area 1.3.. Building Positive Relations,
Page 5

receiving a grant of up to É1,615.720 (inclusive of ERDF and Match funding). The Women's
ReconciliNation Project (WRP) is supported by PEACEPLUS, a programme managed by the
Special EU Programmes Body (SEUPB). This innovative initiative brings together community,
training, and academic partners
. the Foyle Women's Information NebNork (FWIN),
Ulster University (UU), and the Youth Womans Louth (YWL) to deliver a holistic educational
and reconciliation programme for women across Northern Ireland and the Border Counties.
The WRP aims to build meaningful cross-border and cross-community relationships within a
shared learning environment that empowers participants to become active, engaged citizens
capable of fostering positive social change. Through collaboration and education, the project
seeks to contribute to long-term peace. reconciliation, and gender equality across the island
of Ireland. Over the four-year programme, WRP will recruit and support 1,600 women, creating
a transformative network of women leaders committed to building a more inclusive and
peaceful society.
Revlew of the Im
of Brex
The Peace plus programme has been agreed upon and its multi annual project open calls are
in progress. A funding diversification strategy has been implemented to source additional non-
EU funding streams to support the work of the charity in the future.
6: Financlal Review:
The results for the year are set out on pages 15 to 25. The charitable company returned net
deficit for the year of £16k (2024 deficit 117k). At March 2025 the total funds of the charity
amounted to £29k of which £12k are unrestricted.
TWN'S unrestricted reseNes are used for items in keeping with the organisation's charitable
aims and objectives.
serves
TWN maintains a prudent level of reserves to enable the organisation to manage financial
risks and deliver on its commitments. The objective is to be able to carry out rts work, to have
the time to adjust its strategy to meet changing circumstances. The reserves policy is set to
ensure that there is no disruption to services at short notice, due to lack of funds, of unforeseen
reduction in income or increase in expenditure, ensuring that resenies are no higher than, nor
held for longer than ne￿Ssary. This gives time in the event of a drop in funding to seek
alternatives funds, restructure and cut costs for a minimum of three and a maximum of six
months. The charity will monitor compliance with this policy on a regular basis and the board
will review its appropriateness annually.
Princi
le Risks and Uncertainties
Rlsk policy and Internal Control Framework.
TWN has established a comprehensive risk management process which seeks to ensure that
the organisation manages and mitigates risks in line with the agreed risk appetrte. The
Management Committee have delegated the review of the Risk Register to the Governance.
Audit and Finance Sub- Group who regularly review the key strategic and operational risks
facing the organisation. The trustees confirm that effective controls and reporting systems are
in place to assess the risks and mitigations.
Page 6

The principle risks and uncertainties facing TWN are..
Financial.
The principle financial challenges are income generation. Tv￿ is reliant on securing funding
form Government and other grant making organisations. The trustees are acutely aware of
the significant challenges that lie ahead. The fundraising environment remains challenging
and short term funding continues to make planning difficult. The immediate challenge is to
secure funding that will sustain projects and posts into the future. The charity will also work to
reduce and control costs to ensure our seNices are provided on the most economically
advantageous terms.
Management and Operatlonal Delivery.
TWN has govemance structures. policies and procedures in place to ensure appropriate
decision making and accountability. As the external environment increasingly changes the
Senior Management Team and Management Committee have structured oversight of
operations to be responsive and regularly review risks. TWN Staff team are crucial to its
success and prioritise continuing staff development and regular performance management,
building a strong team for delivering programmes. The personal security of TWN'S staff and
beneficiaries are its highest priority and the organisation has comprehensive policies to
appropriately manage this risk, from Data Protection, to Health and Safety, Safeguarding for
Children and Adults at risk and Customer Care.
System Security.
TWN strive to ensure that is operates secure systems, compliant with 'data protection
legislation. The organisation password protects and firewalls all its systems with access to
data limited to those who have a need to know for the purpose of fulfilling their duties. Data is
backed up on a dailylweeklylmonthly basis which ensures that in the event of systems failure
or a data breach the systems can be locked and recovered with minimal risk of data loss.
Compliance, Regulation and Legal.
Significant reputational damage could be caused to TWN due to non-compliance with the laws,
regulations or codes of practi￿, in which the charity operates. TWN implements established
policies and procedures that adheres to best practice ensuring compliance with current
standards of best practice and performs an annual review to ensure they continue to meet the
legislative framework and are fit for purpose.
External Rlsks.
TWN monitors the external environment in order to anticipate political, social or economic
threats, and has robust procedures to develop plans to mitigate potential negative impacts on
the charity's aclivities or reputation.
TWN are confident in Ihe continued need for ils services and Ihe effective approach taken to
building successful partnerships to help deliver high quality training provision on a regional
basis that meets the needs of our beneficiaries. TWN will continue to build on relationships
with Government Departments to ensure funding is provided to continue to support training
and development for women in rural and disadvantaged areas across Northern Ireland
Page 7

6- Plans for future periods."
TWN has secured the following future funding..
Department for Communities- Regional Infrastructurg. Siipport Programme for
disadvantaged and rural women.
DFA Strategic Partnership
DFA- Unfinished Conversations
Belfast City Council- Capacity Building Grant.
PEACE PLUS WRP
PEACE PLUS Brave
PEACE PLUS GEMS- YEP
Gems WRAP
BCC- Beauty Academy
7: Future tralnlng and Development
Diversity and transgender awareness training
ILM suite of training from levels 3- to 7 in Leadership and Management on
commercial basis.
TQUK Level 3 Award in Education and Training.
TQUK level 3 Meditation
TQUK Level 3 Mentoring
TQUK Level 5 TEFL
8-Future Events
Quarterly Networking Evenings
• AGM
Newsletters and ezines.
g- Funds held on behalf of others.
TWN does not hold funds on behalf of others.
Page 8

CHARTERED ACCOUNTANTS
& REGISTERED AUDITORS
Training for Women Network Limited
Company Limited by Guarantee
Independent Auditorfs Report to the Members ofTraining for Woman Network
Limited
Year ended 31 March 2026
Opinion
We have audited the financial statements of Training for Women Netsvork Limited (the 'charitable
company,) for the year ended 31 March 2025 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
Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and
Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the charitable company's affairs as al 31 March 2025 and
of ils 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 requlrements of the Companies Act 2006.
Basls for opinlon
We conducted our audlt In accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditorfs
responsibilities for the audit of the financial statements section of our report. We are independent of the
haritable 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 wilh these requirements. We believe that the audit evidence we
have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements. we have concluded that the trustees, use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the charilable
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 concem are described
in Ihe relevant sections of this report.
BMK Accounmg Limited (Compony No. N1632272)
43 Lockview Rood Belfost BT9 5FJ
Tel. 028 17&5 Emoil.. Info@1￿7kca.corn
www.bmkca.com
Chartered
' .￿￿TrIan[S
Ireland
-Page9
lor. Brf•th M¢X•• FCA

Training for Women Network Limited
Company Llmited by Guarantee
Independent Auditorfs Report to the Members of Training for Women Network
Limlted
Year ended 31 March 2025
Other Infomlation
The other information comprises the information included in the trustees annual report, other than the
financial slatements and our auditor's report thereon. The trustee is responsible for the other
information. Our opinion on the financial statements does not co.ver the other information and, except to
the extent othernise explicitly slated in our report, we do not express any form of assurance conclusion
thereon.
In connection with our audit of the financial ststements, our responsibility is to read the other infomiation
and, in doing so, consider whether the other infomiation is materially inconsistent with the financial
statement5 or our knowledge oblained in the audit or othernise appears lo be materially misslated. If
we identify such material inconsistencies or apparent material misstatements, we are required to
determine whether there is a material misstatement in the financial statements or a material
misstatement of the other information. If, based on the work we have performed, we conclude that there
is a material misstatement of this other information, we are required to report Ihat fact.
We have nothing to report in this regard.
Oplnions on other matters prescribed by the Companle8 Act 2006
In our oplnion, based on the work undertaken In the course of the audit..
the information given In the trustees, report (incorporating the directors, report) for Ihe financial
year for which the financial statements are prepared is con&'$tenl with the financial
statements., and
the dlrectors. report has been prepared in accordance wlth applicable legal requirements.
Matters on whlch we are required to report by exceptlon
In the light ofthe knowledge and understanding of the charitable company and its environment
ob18ined in the course of the audit, we have not identified material misslatemenls in the directors,
report.
We have nothing to report in respect of the following matters in relation to whlch the Companles 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 nol visited by us; or
the financial statements are not in agreement with the accounting records and relurns., or
certain disclosures of truslees, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit; or
the trustees were not entitled to prepare the financial statements in 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 Auditorfs Report to the Members of Training for Women Network
Llmited
Year ended 31 March 2025
Responslbllities 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 Ihey give a Irue and fair view. and for such internal control as the trustees
determine necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparlng 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 but to do so.
Audltorfs responslbllltle8 for the audlt of the flnanclal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from malerial misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
Irregularilles. Including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect
of irregularities, induding fraud. The extent to which our procedures are capable of detecting
Irregularitie8, including fraud is detailed below..
Extent to whlch the audit was consldered capable of detoctlng Irregularitles, Includlng fraud
We identify and assess the risk of material misstatement of the financlal statements, vthether due to
fraud or error, and then design and perform audit prO￿dureS responsive to those risks. Including
obtaining audit evidence that is sufficient and appropriate to provide a basis of opinion.
In identifying and assessing potential risks of material misstatement in respect ol irrogularities. inciuding
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 reviewed the company'$ documentation of their
policies and procedures relating to-.
Page 11

Training for Women Network Limited
Company Llmlted by Guarantee
Independent Auditor's Report to the Members of Trainlng for Women Network
Limited
Year ended 31 March 2025
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 whlch the audlt was consldered capablo of detectlng Irrtgularltles, Includlng fraud
(continued)
The internal control established to mitigate risks of fraud or non-compliance with laws and
regulations:
The matters discussed among the audit engagement team regarding how and where fraud
might occur in the financlal statementg and polenlial 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 audlts 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 fraffleworks that the company operates
in, focusing on provisions of those laws and regulations that had a direct effect on the determination of
material amounts and disclosures in the financial statements. The key laws and regulations we
considered in this context included the Companies Act 2006.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on
the financial statements but compliance with which may be fundamental to the company's abillty to
operate or to avoid a material penalty.
Audlt responses to rlsks identified
Our procedures to respond to the risks identified included the following..
Reviewing the financial statement disclosures and testing to supporting documentation to
assess compliance with provisions ol relevant laws and regulations described as having a
d1￿cl effecl on the financial statements.,
Enquiring of management concerning actual and polential litigation and claims.,
Performing analytical procedures to identify any unusual or unexpected relationships that may
indicate risks of material misstatements due to fraud.
Reading minules of meetings of those charged with govemance., and
In addressin9 the risk of fraud through management override of controls, testing the
appropriateness of journal entries and other adjustments. assessing whether the judgements
made in making accounting estimates are indic21ive of a potential bias,. and evaluating Ihe
business rab'onale of any significant transactions that are unusual or outside the normal
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 2025
We also communicated relevant identified laws and regulations and potential fraud risks to all
engagement team members and remained alert to any indications of fraud or non-compliance with
laws and regulations throughout the audit.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have
detected some material misstatements in the financial statements, even though we have propedy
planned and performed our audit in accordance with auditing standards. In addition, as with any
audit, there remains a higher risk of non-delection of irregularilies, as they may involve collusion,
forgery, international omissions, misrepresentation8. or the override of internal controls. We are not
responsible for preventing non-compliance and cannot be expected to detect non-compliance with all
laws and regulations.
As part of an audit in acLordance with ISAS (UK), we exercise professional judgment arKI maintain
professonal S￿p￿.C1sM through￿1 the audrt. We also:
Identify and assess the risks ol materlal mlsstatement 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 sufficient and appropriate lo provide a basis for our opinion. The risk of not
detecting a material misslatemenl resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional ornissions, misrepresenlalions, or the overnde
of internal control.
Obtain an understanding of intemal control relevant lo the audit in order to design audil procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the cheritable company's intemal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
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 uncertainly exists related to events
or conditions that may cast significant doubt on the charitable company's ability to conlinue as a
going concern. If we conclude that 2 material uncertainty exists, we are required lo draw attention
in our auditor's report to the related disclosures in the financial statements or, if such disclosures
are inadequate, lo modify our opinion. Our conclusions are based on the audit evidence obtained
up to the dale of our audilor's report. However, future events or conditions may cause the charitable
company to cease to continue as a going concem.
Evaluate the overall presentation, structure and content of the financial slatements, including the
disclosures, and whether the financial statements represent the underlying transactions and events
in a manner that achieves falr presentation
We communicate with th¢)se charged with governance regarding, among other matters, the planned
scope and timing of the audit and signrficant audit findings, including any significant deficiencies in
Internal control that we Identlfy during our audrt.
-Page 13

Training for Women Network Limited
Company Limited by Guarantee
Independent Audltorfs Report to the Members of Trainlng for Women Network
Limited
Year ended 31 March 2025
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 th8 Companies Act 2006. Our audit work has been undertaken so Ihat we
might state to the chantable company's members those matters we are required to state to them in an
auditor's report and lor no other purpose. To the lullest extenl 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, lor this report. or for the opinions we have formed.
Brian McKee (Senlor Statutory Audltor)
For and on behalf of
BMK Accountlng Llmlted
Chartered A¢countants & Statutory Audltor
43 Lockview Road
Stranm11118
Belfast
8T9 5FJ
19 December 2025
- Page 14

TrAJNING F
R WOMEN NETWORK LIMITED
STATEMENT OF FINAN
IAL
CTIVITIES
JNCL
DIN
INCOME AND EXPE
DIT
NO
D31M
RC
20
TRIC
NDS
202
TRI
FUNDS
FUNDS
FUND
Ch8riiable actiwlio8
610,395
610.39S
589,025
Commefcial trading operath.ons
Olher incorne
24,398
24.398
35,085
TOTAL INCOME
610 395
634 793
624,110
Choritablo activi11•5
48.330
603,011
651,341
741,254
CommerGial tradirvJ oper￿On8
TOTAL EXPENDITURE
48,330
603011
6S1341
NET INCOME FOR THE YEARI
NET MOVEMENTIN FUNDS
123.932)
7,384
116,6401
{117,1441
Fund b•hnc•• It 1 Aprfl 2024
16
Fund b•lanc•8 at 31 M•rch 2025
16
The St8tem•ni of Finana•l Acli¥lll•s Indud8s •ll galn8 •nd1088•8 r•cognl8•d irt the ￿8¢.
l incomlng re$owc4$ and resources expended derive from conlinuln9 ¥Ctlvilies.
The statement of financial 8ctivits.es also complies with the rgqulfemènts 10¢ an In¢ome and expénditur• •tcouni under the
Companies Act 2006.
The note8 on pa9es 18 10 25 lomi port of thes• Ilnancial staiements,
Page 15

TIIAINING FOR WOMEN NETWORK LlhilTED
ST
TE
ENT
F FINANCIAL P
si
1 MARCH 2
Not•$
24
FIXÉD ASSETS
Tangible assets
Inveslment8
1,893
2,077
10
1,894
2,078
CURRENT ASSETS
D•blor6
Cash al bank
11
4S,618
89,975
58.757
16.669
148,732
CREDITORS- amounts falllng due within one
year
12
105,013
NeT CURRENT ASSETS
43,719
TOTAL AS8E78 LES8 CURRENT LIABILITIES
20.249
45,797
CREDITORS- omounts lalling due after mofe Ih¥n
ono year
NET ASSETS
45,797
THE FUNDS OF THE CHAWTY
R••trl¢t•O In¢om• fub)d•
General
18,954
9,570
Unrn•trlci•d Incom• lund•
General
16
12,296
36,227
TOTAL FUNDS
Theie fln8nc181 $1olements haw been wopared In acc4>1danc• wlth thè prowslons •ppllcoblts lo compan188 gubleci to the small
C¢Jmpanigs 1•9ime.
Thg financlal slatemenls were approved and authodsed for lssuo by Ihe 80ord olTwsl•es on 19 December 2025 •nd signed
on Iheir bghall by.'_
P•
Ch#lrp•
•w$l•y"
ey¢
erin¢ MCC
Dlr•ctor
*ey
Company Registration No. N1030477
The notes on pages 17 10 23 form part of these finanaal stalements.
Pa9e 16

TRAININ
FOR VIOMEN NE
TATEMENT O
HFL
ws
RTHEY
D 31 MARCH 2025
MIT
END
2025
Cash flows from oper¥ting •¢tivit
Cash generaled operations
18
17.21BI
1141,3281
Inv••tlng i¢tlvltl••
Purthase of tsn9ible ffixed a$￿ts
1A91
1.750
N•t ¢•sh uMd In Invmilng •Ctlvli
11,4911
11.7501
N•1 c••h uHd In Iln•nclng •ctlvltb••
N•t Incr•••e In ¢a•h •nd ¢••h •qulv•l•nts
(8.7061
1143.0781
C•sh and u8h equlvalents at beglnning of ye#r
50,767
201,835
C••h and ¢a8h oqulvalont• Ot bo9lnnln9 of y••r
$0,051
58.757
The nolÈ8 on pages 17.10 23 lorni part of Ih8oe financial stateménts.
Page 17

RCH2025
I. GEIIERAL INFOWTION
Tr*r4ng Uff4t•d Isi rAlffWy Ilwiigd li • re¥swedthlfjty Inworththm irfin0. Th• adtr•S•
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Z STATEMENTOFCOMpuAf4CE
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Rew*ng SL•lllaTd aw1ca￿e In tho UX 8no Rewtlic d Irdand IFRS 1WLI 1 Januaty 20191..
The thidiy 114 ￿J￿h￿￿*￿Ill Ertttty u4•fin•i ¥y FRS IDZ.
A¢COIJNTrIIfj POLICIES
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hwlnwmll rnvJrdodin li rf*¥•J.
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that 8$5BIB tsuft•*a•niftyin7Wtlos$. Il•ny Inthtsllone¥J515. aprthJnt Llthe Is•S￿m*
in lo ll•s•n￿n•t￿ •*qni l(￿ Iny4inr*ts kM111 Any).
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l(omilS &¢bb4￿*s. TheomÉniS eX•W¢i¢r¥8tts8 ￿¢￿11 ts ftfji w$iernd.
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norwW￿￿Ar• ￿￿T￿p4￿c￿l9rr￿lMG1•d PUWJ.

AN
2. ACCOUNTING POL￿lEs{gI￿V
ebtorn and ¢vedtlort rt¢eI¥ablelp•yable*￿lrt one year
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Bwc flnarKS•i •J••ti
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d4ssbff•d 58 pty1￿0 W￿n¢no yewaro
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•1 anowbMqu•MJy ￿lIU￿d 9)w •ffqcUv• Ini•r••l w•thod.
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¢h¥*ert$liGs
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9 tylh•(vmp4ny WMLN•d10£19.514 1¢fiM>*weno￿ 31 M4th2024 Ilffd4.' 23,W)S1.
In¥eibll•rf•
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Iho oltroChariV54thntsn9Pdlt48$. man*JwrtM toff•kepO¥DWS, 8S*JrnPtlrts¥t•yJIIJIè
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P•ge 2U

TA
MEN
IIICOMIIIG Re8QURCESFIIOIIcH*RITAgLEArnivr￿I
Grants ￿ spmsor&Np
O•pi ftyEcorww
OFA StrBt*lC￿Th￿1
OFA R•cFIThi
*.618
>J.186
S5,489
27,182
J7,a
2ffj170
00
87.205
O&￿ crfJu51ir•
39,112
6,217
317.717
4&815
eccc•p•¢lty Gr•nl
Afiilyxd by lund
Unr•ithuqd lundl
RO￿1￿1￿1ury
5ts.02S
J89.0
•. OTMEAINCOIIÈ
Dw•bW Ir¢)msubB4¢1
14,424
4.8?4
ANtyMd bylund
unr•$￿￿0￿ lundl
35.095
3•9 )5.085
Isrrddè￿￿1lthThVj'.
6,•00
21,811
3.470
1.030
20,281
PJg1￿t•ry
9,974
P4g• 21

FOR
TE
TOT
END
ci
CH
I. CHARIT￿LEACTivrnE$
02S
318.714
20.494
2￿.842
23.
2M,81Y
11602
Pensions
S￿ wsis
71J
2.527
3,420
LW 8ndheal
Llbr•ry rrqtarfali B￿¢￿1p￿0
Board •¥erA
T*ephLY*ind l&x
Insurance
(kn•MI Miint•ii•r
otfj¢e pgsi*Je
Adv£ni&ry 0nds￿￿oj1￿r
sl11lp•￿ryg andrrnv
2.121
274
1.164
),•Jo
1.217
1.20D
4.170
3.175
2,71•
i.ioJ
3.017
2.370
IGo¥Ym•rK• wiii
iniw••t c￿rg*S
73
O¢pr•¥•
A￿1¢ l••s
1.174
AMIYMI tyylund
44330
R•strtaadlw¢J8
642.4
741.2Y
7. TRVSTEÉS REMUNEIiATION AND gEIIEFrrs
Th•r•w•nD IDJW•S' orcthWt4Mfliif•i lh• Jl M•th 2024. rwlty •Thl•o Ji IAvth 2024.
Thv•w•no•wi•D W lo tsu*••Jfortr* y•4r•pJ•d 31 Mlrth 2020, nar(tyfft• y•w•rtO•d31 Mwth2024.
•. JTAPPCOJTS
WtyesBrt
24S.136
.421
767
270.4•2
?3,350
cutl
Clh•i F•r•hOn￿
TM *w•rno• nurrw¢l￿￿y••A IOlk*•.'
No.
£70.orA)io E79.99
PaB•22

9. TANGIBLE FJXEDASSET$
FF
COST
Al 1 Awl 2024
03,IM4
1.192
2IQ01
•B.0¢6
A131 M8f&I2025
DEPAECIATJOII
Al 1 2024 ,
Chllrg•lu yur
,0ts7
1 JTO
Al 31 Mirch z025
zi
WET BOOK VALue
Al 31 Mlrth>Y25
7U
Al 31 M8f¢h2024
10 wvesTMENTS
Th• YK4d• 1fM601 th• liw•d ihw•c•E4111 ol TWN Lln*¢VJ, •¢¢Trpwty Inwr*i•a Ir*•r
ICunp•iy MbTthr. MO477541*￿11 Prfrtsp* try￿¢Y i$trthnlw8nd ro)m rir•.
8•sBO¥pJn th•K¢£￿t& Tr&thnpftyWt•*n sh8r• ¢4 TV••J Eniwwlwi Llndiwji P￿trInd￿l £NII
Ir￿ E1
11. oe8TOR8
otyi•i d•blcrn
Jl.104
11 cItE￿T0￿5. AmNffl•14111n••uQ ￿Nn •M y•ar
Opgrrfrpu￿t4rn
•J4
27.7J3
12.239
85,797
25.039
T•￿￿8￿￿ l•¢JJrtly
Olhw
1,913
104
P4y23

13. LEASING COblh•Y¥ENTS
T￿ ethimwmror MN41 p•ymil• urth rvxrf4ncwi•or•opw•￿no1¥•W* # 11 fvlwth2025w•r•
bulldlnq•
b￿ld1r&i
onB ye¥
iofiveyea
Ve y•4
107.881
36.
L••M payn¥nlS •n•wm• y•¥aty £*.99012024.' £36.WOI.
14. RELATED PARmes
Th•wTrpanyhdd4 ItLIVJo1th•lsw￿d >hw•c¥Wol TVIN EniwJ4w LhTII•O{NlQ4nYI. •tthiw•Tr IrMoiYg11•0 In Noth•mirfi
PrtnLlPal &￿%1￿1$
1& RESERVES
l•n¢•
•wnd•d
Tr*nlng Lld wr••￿(1•d
14.424
9.974
4.020
132.4521
1&0TJ
13,7291
28.T24
142.4281
QFC
OFA. siwqqkGrw
QFI R•c F¥￿1
OFA- Sh•r*Ji￿1Thd fund
C•JOury•
35S.217
27.192
37.106
20.670
20.000
19.914
19.500
39.152
70.W
13$5.2171
{27.f821
137.&é1
113.2401
I20,￿0)
&"9 LOIt•ry
0.57Q
I19,￿)
(39.15
{70,9411
9,370
8CCQpthdty &J11d￿l
61
TOTAL FUNOS
c. Fundpt8rnMm•rs In cwwiforlunthng,
P4q*24

HE
1& A14ALYgI$OF NET ASSETS BETWEEN FUNDS
Toi*1
Fun••
Futhd#
FundB
FUnthb￿1n&*l1¢ 31 M*rth 3tr2Sir• rqprnMrn•d ty..
1,•93
Fum b818nett8131 M8fth2024 •r• w¥soried by..
2.077
2.on
•.$70
36.227
45.797
IT. ¢ASMGe14EPATED PROM OPeRATkY18
SurphA Iuih•y•ir
1117,1441
4.310
D•rJ•wlllrKrniJ•iind•btf
44.4
J9,148
1•7,e821
¢8•hyn•r•f¢¥ fr•m•p•rnlbTrB
11 AP4ALYSIgOF CHAPIGES IPI MET FUND8
h•a n?d•tt•th1ngm• yqai.
I•. LIAWLITY OF MEMBERS
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Pigo 25