COMPANY REGISTRATION NUMBER: N1032907 CHARITY REGISTRATION NUMBER: 102254 Bellaghy Womens Group Ltd Company Limited by Guarantee Unaudited Financial Statements 31 August 2022 C DOHERTY & CO LTD Financial Accountants Unit 5 Glenone Park 1 Kilrea Road Portglenone BT44 8PE Bellaghy Womens Group Ltd Company Limited by Guarantee Financial Statements Year ended 31 August 2022 Page Directors, annual report (incorporating the director's report) Independent examiner's report to the directors Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements The following pages do not form part of the financial ststements Detailed statement of financial activities 15 Notes to the detailed statement of financial activities 16 Bellaghy Womens Group Ltd Company Limited by Guarantee Directors, Annual Report (Incorporating the Director's Report) Year ended 31 August 2022 The directors, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2022. Reference and administrative details Registered charity name Bellaghy Womens Group Ltd Charlty reglstratlon number 102254 Company registration number N1032907 Prlnclpal offlce and reglstered CIO 2 Blrchwood office Bellaghy Magherafelt BT45 8JZ The dlrectors K Hughes M Doyle Independent examlner C Doherty & Co Unit 5 Glenone Park 1 Kilrea Road Portglenone BT44 8PE Structure, governance and management Governing document Bellaghy Womens Group Ltd is a charitable company limited by guarantee, incorporated on 04 September 1997 and registered as a charity with the Northern Ireland Charity Commission on 10 April 2015 Charity Number NIC 102254. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. Objectlves and actlvities Purpose of Bellaghy Womens Group Ltd The company's objects are to promote the benefit of the inhabitants of Northern Ireland (Bellaghy) and surrounding areas hereinafter described as the area of benefit with distinction of sexual orientation, race or of political religious or other opinions by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education, to promote family care and the relief of the elderly, to preserve the environment and heritage of the area of benefit and to provide facilities in the interest of social welfare for fecreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants. Bellaghy Womens Group Ltd Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 August 2022 Achievements and performance Programme of Events 2021122 Unfortunately, successive Covid-19 lockdowns have severely impacted the activities of Bellaghy Womens Group in 2020,2021 and 2022. The usual varied and insightful programme of events for members has sadly absent. Many of the attendees of Bellaghy Womens Group are wldowed, separated or slngle with some living rurally. Consequently, the Charity provides a crucial role in combatting loneliness and rural isolation. The absence of events due to the pandemlc has been keenly felt by members, underlining the Importance of the organisation in the local community. The Charity very much looks forward to belng active 8g8in once restrictions permit. Flnanclal review Total incoming resources amounted to £3,000 (2021 £3,980> and after deducting total resources expended of £2,256 (2021- £1,269) net incoming resources amounted to £744 (2021- £2,711). At the year end unrestricted funds amounted to £9,484 (2021- £8.740). Small company provlslons This report has been prepared in accordance Wlth the provisions applicable to companies entitled to the small companies exemption. The directors, annual report was approved on 24 August 2023 and signed on behalf of the board of trustees by.. M Doyle Director Bellaghy Womens Group Ltd Company Limited by Guarantee Independent Examiner's Report to the Directors of Bellaghy Womens Group Ltd Year ended 31 August 2022 I report to the directors on my examination of the financial statements of Be118ghy Womens Group Ltd ('the charity,) for the year ended 31 August 2022, Responsibilities and basis of report As the directors of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act {Northern Ireland) 2008 (the '2008 Act,) and the Companies Act 2006 ('the 2006 Act,). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examinalion I have followed the general Directions glven by the Charity Commlsslon for Northern Ireland under section 6519){b) of the 2008 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial statements do not accord with those records., or the flnancial statements do not comply wlth the accountlng requirements of section 396 of the 2006 Act other than any requirement that the accounts giv6 8 'tru8 and fairf view whlch is not a matter considered as part of an independent examination. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102>, Bellaghy Womens Group Ltd Company Limited by Guarantee Independent Examiner's Report to the Directors of Bellaghy Womens Group Ltd (contlnued) Year ended 31 August 2022 I confirm that there are no other matters to whlch your attention should be drawn to enable a proper understanding of the accounts to be reached. C Dohe Indepen Co nt Exami Unit 5 Glenone Park 1 Kilrea Road Portglenone BT44 8PE 24 August 2023 Bellaghy Womens Group Ltd Company Limited by Guarantee Statement of Financial Activities {including income and expenditure account) Year ended 31 August 2022 2022 Unrestricted funds Total funds 2021 Totsl funds Note Income and endowments Donations and legacies Charitable activities 3,980 3,000 3,000 3,000 3,000 Total income 3,980 Expenditure Expenditure on charitable activities Other expenditure Total expenditure 2,178 78 2,178 78 1,176 93 2,256 2,256 1,269 Net Incomo and net movement In funds 744 744 2,711 Reconclllatlon of funds Total funds brought forward Total funds carrled forward 8,740 8,740 6,029 9,484 9,484 8,740 The statement of financial activities includes all gains and losses recognlsed In the year. All income and expenditure derive from continuing activities. The notes on pages 7 to 13 forni part of these financlal ststsments. Bellaghy Womens Group Ltd Company Limited by Guarantee Statement of Financial Position 31 August 2022 2022 2021 Note Fixed assets Tangible fixed assets 13 1,878 2,347 Current assets Cash at bank and in hand 8,012 6,799 Creditors: amounts falling due withln one year Net current assets 14 406 406 7,606 9,484 9,484 6,393 8,740 8,740 Total assets less current liabilitles Net assets Funds of th8 charlty Unrestricted funds 9,484 8,740 8,740 Total charity funds 15 9,484 For the year ending 31 August 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responslbS1ities'. The members have not required the company to obtain an audit of its financlal ststements for the year in question in accordance with section 476,, The directors acknowledge their responslbilities for complying with the requlrements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provislons applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 24 August 2023, and are signed on behalf of the board by: M Doyle Director The notes on pages 7 to 13 form part of these financial statements. Bellaghy Womens Group Ltd Company Limited by Guarantee Notes to the Financial Statements Year ended 31 August 2022 General Information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the reglstered office is CIO 2 Birchwood, Bellaghy, Magherafelt, BT45 8JZ. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts In accordance with the Financlal Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102) (Charities SORP {FRS 102)) and the Companies Act 2006. Accountlng pollcles Basls of preparatlon The financial siatements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financlal statements are prepared in sterling, which Is the functional currency of the entlty. Golng concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estlmatlon uncgrtalnty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accountlng Unrestricted funds are available for use at the dlscretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the directors for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of sub-classes: restricted income funds or endowment funds. Bellaghy Womens Group Ltd Company Limited by Guarantee Notes to the Financial Statements (eontinued) Year ended 31 August 2022 Accounting policies (continued) Incomlng resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants Is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably, legacy income is recognised when receipt is probable and entitlement Is established. income from donated goods 18 measured at the falr value of the goods unless thls is impractical to measure reliably, In which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, In which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to whlch it relates., expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activitles, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relatlng to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned be￿een the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Bellaghy Womens Group Ltd Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 August 2022 Accounting policies (contlnued) Tanglble assets {contlnued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease In the carrying amount of an asset as a result of revaluation, Is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Dopreclatlon Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economlc life of that asset as follows: Flxtures and fittings Equipment 200/0 reduclng balance 200/0 reducing balance Impaimient of flxed assets A review for indicators of impairment Is carrled out at each reporting date, with the recoverable amount being estimated where such Indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impalrments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it Is not possible to estimate the recoverable amount of an indlvldual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired In a business combination is, from the 8CqUlSltion date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Financlal Instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilitles are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Bellaghy Womens Group Ltd Company Limited by Guarantee Notes to the Financial Statements fconlinued) Year ended 31 August 2022 Accountlng pollcles (Contlnued) Flnanclal Instruments (¢onNnued) Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognl8ed at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is noi a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financlal instruments are subsequently measured at falr value, with any changes recognised in the statement of financlal activitles, wlth the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognlsed Immedlately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Llmlted by guarantee Bellaghy Womens Group Lld is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amounts not exceeding £1 to the company's assets if it should be wound up while being a member, or within *￿e1ve months of ceasing to be a member. Donatlons and legaGles Unrestricted Totsl Funds Unrestricted Total Funds Funds 2022 Funds 2021 Grants Community Development & Health NeI￿ork Co-operation Ireland 2,000 1,980 3.980 2,000 1,980 3,980 10- Bellaghy Womens Group Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 August 2022 Charitable activitles Unrestricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 John Moore Foundation 3,000 3,000 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Activity type 1 Support costs 1,168 1,010 2,178 1,168 1,010 2,178 170 1,006 1,176 170 1,006 1,176 Expenditura on Charltablo actlvltles by actlvlty type Activities undertaken directly Support costs Total funds 2022 Total fund 2021 Activity type 1 Governance costs 1,168 1,168 1,010 2,178 170 1,006 1,176 1,010 1,010 1,168 Other expendlture Unrestricted Total Funds Unrestrlcted Total Funds Funds 2022 Funds 2021 Bank charges 78 78 93 93 10. Net Incom8 Net income is stated after chargingl(crediting)', 2022 2021 Depreciation of tangible fixed assets 469 587 11. Independent examlnatlon fees 2022 2021 Fees payable to the independent examiner for: Independent examination of the financial statements 370 370 11 Bellaghy Womens Group Ltd Company Limited by Guarantee Notes to the Financial Statements (conlinued) Year ended 31 August 2022 12. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the directors. The tot81 amount of expenses reimbursed to the trustees in the year was nil (2018.'£300). 13. Tanglble flxed assets Fixtures and fittings Equipment Total Cost At 1 September 2021 and 31 August 2022 Depreciatlon At 1 September 2021 Charge for the year At 31 August 2022 Carrylng amount At 31 August 2022 At 31 August2021 3,601 2,421 6,022 3,191 82 484 387 3,675 469 3,273 871 4,144 328 1,550 1,878 410 1,937 2,347 14. Credltors: amounts falllng due wlthln one year 2022 2021 Accruals and deferred income Social security and other taxes 370 36 370 38 406 408 12- Bellaghy Womens Group Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 August 2022 15. Analysis of charitable funds Unrestrlcted funds At 1 September 2021 At 31 August 20 22 Income Expenditure General funds 8,740 3,000 (2,256) 9,484 At 1 September 2020 At 31 August 20 21 Income Expenditure General funds 8,029 3,980 11,269) 8,740 16. Analysls of net asset8 betwe6n funds Unrestricted Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Net assets 1,878 8,012 (406) 9,484 1,878 8,012 {406) 9,484 Unrestricted Total Funds Funds 2021 Tangible fixed assets Current assets Creditors less than 1 year Net assets 2,347 6,799 {406) 8,740 4,694 13,598 (812) 17,480 13- Bellaghy Womens Group Ltd Company Limited by Guarantee Management Information Year ended 31 August 2022 The followlng pages do not form part of the flnanclal statements. 14- Bellaghy Womens Group Ltd Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 August 2022 2022 2021 Income and endowments Donations and legacles Community Development & Health Network Co-operation Ireland 2,000 1,980 3,980 Charitable actlvltles John Moore Foundation 3,000 Total Income 3,000 3,980 Expendlture Expendlture on charitable actlvltles Rent Legal and professlonal fees Other office costs Depreciation other expenditure on charitable activities Pharmacy Programme 241 300 383 36 587 45 125 469 1,168 2,178 1,176 Other expendlture Bank charges 78 93 Total expondlture 2,256 1,269 Net Income 744 2,711 15- Bellaghy Womens Group Ltd Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 August 2022 2022 2021 Expenditure on charitable activities Actlvlty type 1 Actlvltles undertaken dlrectly Other expenditure on charitable activities Pharmacy Programme 1,168 45 125 1,168 170 Governance costs Governance costs - rent Governance cosls - accountancy fees Governance costs - other office costs Governance Costs - depreciation 241 300 383 36 587 469 1,010 1,006 Expendlture on charitable actlvltles 2,178 1,176 16-