COMPANY REGISTRATION NUMBER: N1032907 CHARITY REGISTRATION NUMBER: 102254 Bellag y Womens Group Ltd Compa y Limited by Guarantee Unaudited Financial Statements 31 August 2023 CI 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 2023 Page Directors, annual report (in orporating the directorfs report) Independent examineff s re Statement of financial acti expenditure account) Statement of financial pos. ort to the directors ities (including income and ion Notes to the financial stat ents The following pages do ot form part of the financial statements 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 2023 The directors, who are also the direct unaudited flnanclal statements of the rs for the purposes of company law, prosent thelr report and the harity for the year ended 31 August 2023. Reference and admlnlstratlve detal Reglstered charlty name Bel aghy Womens Group Ltd Charlty registration number Company reglstration number NIO Prlnclpal offlce and r8gi8tered Cl, offlce Be 10 254 2907 2 Blrchwood aghy herafelt 58JZ BT The directors K Hughes M Doyle Independent examlner C Pohety & Co Unil 5 Glenone Park 1 lrea Road Portglenone BT44 8PE Structurei governance and management Governlng document Bellaghy Womens Group Ltd is a charitable company limited by guarantee, incorporated on 04 September 1997 and registered as a Icharlty with the Northern Ireland Charity Commission on 10 Aprll 2015 Charity Number NIC 102254 The company was established under a Memorandum of Association whlch established the o jects and powers of the charitable company and is governed under its Artlcles of Assoclatlon. Objectives and activitie8 Purpose of Bellaghy Women8 Group Ltd The company's objects ar8 to promot the benefit of the Inhabitants of Northern Ireland (Bellaghy) and surrounding areas herÈinafter described as the area of benefit with distlnctlon of sexual orientatlon, race or of political religious or other opinions by associating together the said inhabitants and the local authorities, voluntary and other orgapisations 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 recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants.
Bellaghy Womens Group Company Limited by Guarantee Ltd Directors. Annual Report (Incorporating the Director's Report) (continuedj Year ended 31 August 2023 Achievements and performance Programme of Events 202W23 Unfortunately, successlve Covid-19 lockdowns and ongoing Covld 19 issues have severely Impacted the activities of Bellaghy Womens Gro'up in 2020,2021,2022 and 2023, The usual varied and inslghtful programme of events for members has sadly absent. Many of the attendees of Bellaghy W mens Group are wldowed, separated or single with some Ilvlng rurally. Consequently, the Charity pr vides a cruclal role in combattlng loneliness and rural Isolatlon. The absence of events due to the pandemic has been keenly felt by members, underllnlng the Importance of the organisatlon In the | cal community. Flnancial revlew Total incomlng resources amounted to £26 (2022 - £3,000) and after deductlng total resources expended of £2,572 {2022- £2,256) net Incoming resources amounted to (£2546) (2022- £744). At the year end unrestricted funds amounted to £6,938 (2022 - £9,484). Small company provlslons Thls report has been prepared in a the small companies exemption. Th8 directors, annual report was approved on 16 May 2024 and signed on behalf of the board of trustees by., ordance wlth the provlslons appllcable to companles entitled to M Doyle Dlrector
Bellaghy Womens Group Company Limited by Guarantee Ltd Independent Examiner's Report to the Directors of Bellaghy Womens Group Ltd Year ended 31 August 2023 I report to the directors on my examl ('the charlty,) for the year ended 31 A atlon of the flnanclal statements of Bellaghy Womens Group Ltd gust 2023. Responslbllltles and basls of repo As the dlrectors of the company (a d al80 Its dlrectors for the purposes of company law) you are re8ponslble for the preparation of the financlal statements in accordance with the requlrements of Charities Act (Northem Ireland) 200 You are satisfied that the accounts o, (the '2008 Act,) and the Companles Act 2008 {'the 2008 Act,). the company are not requlred by charlty or company law to be audited and have chosen instead to ave an independent examinatlon. Havlng satisfied myself that the acco nts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for Independant examination, I report In respect of my examination of the charity's financial statements as éarried out under section 65 of the 2008 Act. In carrylng out my examlnatlon I have followèd thè geleral DirÈetions glven by the Charity Commission for Northern IEland under section 65(9)(b) of the 2008 Act. Indapendent examlner's statement, I have completed my examination. I conflrm that no matters have come to my attentiort in cortnÈctlon with my examlnation giving me cause, to believe that In any material respect.. accounting records were n t kept in respect of the charity as requlred by section 386 of the 2006 Act; or the financlal statements do not accord with those records., or the financlal statements do not comply with the accounting requirements of section 396 of the 2006 Act other th8n an requirement that the accounts give a 'true and foirf viow whi¢h Is not a matter considered as part of an independent examination; or the financlal statements ave not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reportlng by charltles applicabl8 to cha ities preparlng their accounts In accordance wlth the Financial Reporting Standard applic ble In the UK and Republlc of Ireland (FRS 102).
Bellaghy Womens Group Ltd Company Limited by Guarantee Independent Examiner's Report to the Directors of Bellaghy Womens Group Ltd (Continued) Year ended 31 August 2023 I confirm that there are no other ma understanding of the accounts to b8 ers to which your attentlon should be drawn to enable a proper ached. CDO Inde &Co dent Exa iner Unit 5 Glenone Park 1 Kllrea Road Portglenone BT44 8PE 16 May 2024
Bellaghy Womens Group, Ltd Company Limited by Guarantee Statement of Financial Activities (including income and expen iture account) Year ended 31 August 2023 2023 Unrestricted funds Total funds Total funds 2022 Note Income and endowments Charltable activities 26 26 3,000 3,000 Total Income 26 28 Expendlture Expenditure on charltable actlvltles other expenditure Total expendlture 2,459 113 2,459 113 2,178 78 2,572 2,572 2,256 Nèt {6xpendlture)lincome and n8t ov6ment In funds (2,546) (2,546) 744 Réconclllatlon of fund8 Total funds brought forward Total funds carrled forward 9.484 9,484 8,740 9,484 6.938 6,938 The statement of financlal activities in All income and expenditure derlve fro ludes all galns and losses recognised in the year. continuing activities. The notes on pages 7 to 13 form part of these financial ststements.
Bellaghy Womens Group Ltd Company Limited by Guaran ee Statement of Financial Position 31 August 2023 2023 2022 Noto Fixed assets Tangibl8 flxed assets 12 1,502 1,878 Current assets Cash at bank and in hand 5,796 8,012 Credltors: amounts falling due wlt Net current assets In one year 13 360 406 5,436 6,938 6,938 7,608 9,484 9,484 Total assets les8 current Ilabllities Net assets Funds of tho charlty Unrestricted funds 6,938 6,938 9,484 9,484 Total charity funds 14 For the year endlng 31 August 2023 t e charity was entitled to exemption from audit undèr section 477 of the Companles Act 2006 relating to small companies. Dlrectors, responsibilities.. The members have not required the company to obtaln an audit of its financlal statements for the year In question In accordance ith sectlon 476. The directors acknowledge thei responslbllities for complylng with the requirements of the Act wlth respect to acGounting reGords and the preparatlon of financial statements. These financlal statements have bien prepared in accordance with the provlslons applicable to companles subject to the small comp nles, regime. These financial statements were approved by the board of trustees and authorised for issue on 18 May 2024, and are signed on behalf of the board by: M Doyle Director The notes on pages 7 to 13 forni part of these financial ststements.
Bellaghy Womens Group, Company Limited by Guarantee Ltd Notes to the Financial Statements Year ended 31 August 2023 General Informatlon The charity Is a public benefit e Northern Ireland and a reglstere is CIO 2 Blrchwood, Bellaghy, M tity and a privat8 company limited by guarantee, registered In charlty In Northern Ireland. The address of the registered office gherafelt, BT45 8JZ. statement of compliance These flnanclal ststements ha Reportlng Standard applicable Recommended Practice applica Flnancial Reporting Standard ap SORP (FRS 102)) and the Comp been prepared in compllance wlth FRS 102, 'The Flnanclal In the UK and the Republlc of Ireland,, the Statement of le to charities preparing their accounts In accordance wlth the licab18 In th8 UK and Republic of Ireland (FRS 102) (Charities nies Act 2006. Accountlng policie8 Basls of preparatlon The financial statements have been prepared on the historlcal cost ba51s, a5 modified by the revaluation of certaln financial assets and liabllitles and Investment properties measur6d at fair value through Income or expendi ure. The financial statements are prepared in sterling, whlch Is the functional currency of the entity- Golng concern There are no mgterial uncertaintles about the charity's ability to contlnue. Judgements and key sources of estlmatlon uncartainty The preparation of the financial statements requires management to make Judgement3, estimates and assumptlons thgt affect tha amounts reported. These estimates and Judgements are continually revlewed and are ased on experience and other factors, Including expectations of future events that are believed to be reasonable under the circumstances. Fund accountlng Unrestrlcted funds are availabl charlty's purposes. for use at the discretion of th8 trustees to further any of the Deslgnated funds are unrestrlcte commltment. funds earmarked by the directors for particular future project or Restricted funds are subjected through the term$ of an appeal,, endowment funds. to restrictions on thelr expenditure declared by the donor or and fall Into one of trwo sub-classes., restricted income funds or
Bellaghy Womens Group Ltd Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 August 2023 Accountlng pollcles (¢ontlnued) Incomlng resources All incoming resources are Inclu passed to the charlty; It Is proba flow to the charity and the amo applied to particular categories o ed in the ststement of financial activities when entitlement has le that the economic benefits associated with the transaction will nt can be rellably measured. The following specific policie8 are Income: incom8 from donations or gift, recelpt Is probable and rants is recognised when there is evidence of entitlement to the its amount can be measured reliably. legacy income is recognise, when receipt is probable and entltlement Is establlshed. income from donated goo impractical to measure rell, or the estimated resal8 val, when recelved if the valu contrlbutlon of general volu s Is measured at the fair value of the goods unless this is bly, In which case the value is derived from the cost to the donor e. Donated facilities and servlces are recognlsed In the accounts Can be reliably measured. No amounts are Included far the teers. income from contracts for the supply of servlces Is recognlsed with the delivery of the contracted setvlce. Thls is classified as unrestricted funds unless there Is a contractual requirement for it to be spe on a partlcular purpose and retumed if unspent, in which case It may be regarded as restricted. Resources expended Expenditure is recognlsed on an accruals basis as a liability Is Incurred. Expendlture Includes any VAT which cannot be fully recovered, and is classlfied under headings of the statement of financial activitles to whlch It rela e3., expendlture on raising fun charitable trading activities, s include8 the costs of all fundraising activities, events, non- and the sale of donated goods. expenditure on charitable activities that further its ch support costs and costs re actlvltles. ctivities Includes all costs incurred by a charlty In undertaklng ritable alms for the benefit of its beneficiaries, Includlng those ating to the governance of the charity apportioned to charltsble other expenditure includes all expenditure that is nelther related to raising funds for the charity nor part of its expen iture on charitsble activities. All costs are allocated to expen iture categorles reflecting the use of the resource. Dlr8Ct costs ttributable to a Singlè actlvlty aè,e allocated directly to that activity, Shared costs are apportloned been 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 s bsequent accumulated impairment losses.
Bellaghy Womens Group Company Limited by Guarantee Ltd Notes to the Financial Ststements (continuedj Year ended 31 August 2023 Accountlng pollcles feontlnued) Tangible assets f¢ontlnu8d) An increase in the carrying amo nt 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 recognlsed as expenditure withi the statement of financial activities. A decrease in the carrying amount of an asset as a result revaluation, is recognised in other recognised gains and losses, except to which it offsets any p, vious revaluation gain, in whlch case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreclatlon Depreciation Is calculated so as value, over the us8ful economic I to write off the cost or valuatlon of an asset, less Its resldual fe of that asset as follows: FiXtuS and fittlngs Equipment 200/0 reduclng balance 200/0 reducing balance Impalrment of flxed assets A review for indlcators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrylng value exceeds th8 recoverable amount, the asset i impalred accordingly. Prior impairments are also rev18w8d for possible reversal at each reporting date. For the purposes of Impalrmen testing, when it Is not possible to estimate the recoverable amount of an IndlvSdual asset,'lan estimate Is made of the recoverable amount of the cash- generatlng unit to which the ass t belongs. The cash-g8neratlng unit is the smallest identifiable 9roup of assets that includes the asset and generatos cash intlows that largely independent of the cash Inflows from other assets o groups of assets. For impalrment testing of good acquisition date, allocated to ea the synergies of the combinatio are assigned to those units. ill, the goodwill acqulred In a business combinatlon Is, from the h of the cash-generatlng unlts that are expected to beneflt from Irrespective of whether other assets or liabilities of the charfty Financlal Instruments A financial asset or a financial11 contractual provisions of the Ins Basic fin8nclal instruments are Inltlally recognised at the amount receivable or payable including any related transaction costs. Current aSSÈts and current liabllltles are subsequently measured at the cash or other onsideration expected to be paid or received and not discounted. blllty is recognised only when the charity becomes a paty to the ument. Debt instruments are subsequently measured at amortised cost.
Bellaghy Womens Group Company Limited by Guarantee Ltd Notes to the Financial Statements (continued) Year ended 31 August 2023 Accountlng pollcles (Conllnuod) Flnanclal instruments (contlnue Where Investments in shares rellably, the investment Is sub, recognised In income and expen cost less impalrment. publlcly traded or their fair value can othe188 be measured equently measured at falr value with changes in falr value Iture. All other such investments are subsequently measured at other financlal instruments, Inc payment for an asset is deferre that Is not a market rat8, in whic payments discounted at a marke uding derivatives, are Initially recognised at falr value, unless beyond normal business terms or financed at a rate of Interest Case the asset is measured at the present value of the future rate of Interest for a similar debt Instrument. Other financial Instruments ar recogrtised In the statement of f designated hedging relationshlp. subsequently measured at fair value, wlth any changes ancial activities, wlth the exception of hedglng instruments in Flnancial assets that are measu of impalrment at the end of ea impairment loss is recognlsedi actlvities in whlch the initial gain ed at cost or amortlsad cost are reviewed for objective evidence reportlng date. If there Is objective evidence of impairment, an under the appropriate headlng in the statement of financial as recognised. For all equity Instruments reg rdless of slgnlficance, and other financial assets that are Indlvidually slgnlficant. these are assessed indlvldually for impalrment. other financlal assets are either assessed individually or grouped on the basis of slmllar credit risk characteristics. Any reversals of impairment are recognlsed Immediately, to the extent that the reversal does not result in a carrying amount of tle financial asset that ex¢eeds what the Garrying amount would have been had tho Impairment not previously been recognised. Llmlted by guarantee Bellaghy Womens Group Lld is share capital. company limited by guarantee and accordingly does not have a Every member of the company ndertakes to contribute such amounts not exceeding £1 to the company's assets If it should be wound up while belng a member, or wlthin tsvelve months of cea8lng to be a member. Charltable actlvltles Unrestricted Total Funds Unrestricted Total Funds Fund8 2023 Funds 2022 John Moore Foundation other Income From Charitsble Activities 3,000 3,000 26 26 26 26 3,000 3,000 10-
Bellaghy Womens Group, Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 August 2023 Expendlture on charltable acti Itles by fund typo Unrestrlcted Total Fund8 Unrestricted Total Funds Funds 2023 Funds 2022 Actlvlty type 1 Support costs 1,090 1,369 2,459 1,090 1,389 2,459 1,168 1,010 2,178 1,168 1,010 2,178 Expondlture on charitable actlvltlos by actlvlty type Actlvities undertaken directly Support costs Total funds 2023 Total fund 2022 Activity typè 1 Governance costs 1,090 1,090 1,369 2,459 1,168 1,010 2,178 1,369 1,369 1,090 Other expendltura Unrestricted Totgl Funds Unrestricted Total Funds Fund8 2023 Funds 2022 Bank charges 113 113 78 78 Not (oxpenditure)Ilncome Net (expenditure)Ilncome is stated after chargingl(credltlng): 2023 2022 Depreciation of tangible fixed assets 376 469 10. Independent examlnatlon fe88 2023 2022 Fees payable to the independen Independent examination of the examiner for: Inancial statements 470 370 11. Trustee remuneratlon and exp No remuneration or other benefits from employment wlth the charity or a related entity were reiVed by the directors. nses The total amount of expenses reimbursed to the trustees in the yearwas nil (2022: nil). 11
Bellaghy Womens Group Ltd Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 August 2023 12. Tangible fixed assets Fixtures and fittings Equipment Total Cost At 1 September 2022 and 31 August 2023 Depreciation At 1 September 2022 Charge for the year At 31 August 2023 Carrylng amount At 31 August 2023 At 31 August 2022 3,601 2,421 6,022 3,273 66 871 310 4,144 376 3,339 1,181 4,520 262 1,240 1,550 1,502 1,878 328 13. Creditors: amounts falllng du wlthln one year 2023 2022 Accruals and deferred Income Social security and other taxes 360 370 36 360 406 14. Analy818 of charltable funds ! Unrestrlcted funds At 1 September 2022 At 31 August 20 23 Income Expenditure General funds 9,484 26 (2,572) 6,938 At 1 September 2021 At 31 August 20 22 Income Expenditure General funds 8,740 3,000 (2,256) 9,484 12-
Bellaghy Womens Group, Company Limited by Guarantee Ltd Notes to the Financial Statements (continuedj Year ended 31 August 2023 15. Analys18 of net as80ts between fund8 Unrestricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 1,502 5,796 (360) 6,938 1,502 5,796 (380) 6,938 Unrestricted Total Funds Funds 2022 Tangibl8 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 13-
Bellaghy Womens Group Ltd Company Limited by Guarantee Management Information Year ended 31 August 2023 | The followlng pages do not form part of the financlal statements. -14-
Bellaghy Womens Group, Company Limited by Guarantee Ltd Detailed Statement of Financial Activities Year ended 31 August 2023 i 2023 2022 Income and endowments Charltable activities John Moore Foundatlon Other Income From Charitable Activiti 3,000 26 26 3,000 Total Income 26 3,000 Expendlture Exp8ndlture on charltsble activiti88 Rent Legal and professlonal fees Depreciation DetalledSOFAExpenditureOnCharitab Other expenditure on charitable actlvlt 510 470 376 13 1,090 2,459 241 300 469 eActlvltlasType3H es 1,168 2,178 other expendltura Bank charges 113 78 Total expendltyre 2,572 2,256 Net (expendlture)IlnGome (2,54e) 744 15-
Bellaghy Womens Group, Company Limited by Guarantee Ltd Notes to the Detailed Statement of Financial Activities Year ended 31 August 2023 2023 2022 Expendlture on charltable actlvltles Actlvlty typo 1 Actlvltles undertaken dlrectly Other expenditure on charitable activit Governance costs Governance costs - rent Governance costs - accountsncy fees Governance costs - depreclatlon Governance cost8- general expenses es 1,090 1,168 510 470 376 13 241 300 469 1,369 1,010 Expenditure on charltable actlvltles 2,459 2,178 16-