COMPANY REGISTRATION NUMBER: NI032907 CHARITY REGISTRATION NUMBER: 102254
Bellaghy Womens Group Ltd Company Limited by Guarantee Unaudited Financial Statements 31 August 2024
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 2024
| Page | |
|---|---|
| Directors' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the directors | 3 |
| Statement of financial activities (including income and | |
| expenditure account) | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 14 |
| Notes to the detailed statement of financial activities | 14 |
Bellaghy Womens Group Ltd
Company Limited by Guarantee
Directors' Annual Report (Incorporating the Director's Report)
Year ended 31 August 2024
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 2024.
Reference and administrative details
Registered charity name Bellaghy Womens Group Ltd Charity registration number 102254 Company registration number NI032907 Principal office and registered C/O 2 Birchwood office Bellaghy Magherafelt BT45 8JZ The directors K Hughes M Doyle Independent examiner 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 4 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.
Objectives and activities
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 recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants.
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Bellaghy Womens Group Ltd
Company Limited by Guarantee
Directors' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2024
Achievements and performance
Programme of Events 2023/24
Gardening with Yvonne Zellman August - October 2023
Chi Me and Gentle Exercise & Meditation with Kathleen McWilliams September – November 2023
Both the above events were well attended, and all feedback has been extremely positive as we continue to emerge from the successive Covid-19 lockdowns, which is very encouraging to those who have the responsibility of organising future events
Many of the attendees of Bellaghy Women’s Group are widowed, separated or single with some living rurally. Consequently, the Charity provides a crucial role in combatting loneliness and rural isolation.
Financial review
Total incoming resources amounted to £3,007 (2023 - £26) and after deducting total resources expended of £3,157 (2023 - £2,572) net incoming resources amounted to (£150) (2023 - (£2546)).
At the year-end unrestricted funds amounted to £6,788 (2023 - £6,938).
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The directors' annual report was approved on 12 May 2025 and signed on behalf of the board of trustees by:
M Doyle Director
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Bellaghy Womens Group Ltd
Company Limited by Guarantee
Independent Examiner's Report to the Directors of Bellaghy Womens Group Ltd
Year ended 31 August 2024
I report to the directors on my examination of the financial statements of Bellaghy Womens Group Ltd ('the charity') for the year ended 31 August 2024.
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 examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act.
Independent examiner'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:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
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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).
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
Ciaran Doherty Independent Examiner
Unit 5 Glenone Park 1 Kilrea Road Portglenone BT44 8PE
12 May 2025
The notes on pages 6 to 12 form part of these financial statements.
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Bellaghy Womens Group Ltd
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 August 2024
| 2024 | 2024 | 2023 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Grants | 5 | 3,000 | 3,000 | – |
| Charitable activities | 6 | 7 | 7 | 26 |
| ----------------------- | ----------------------- | ----------------------- | ||
| Total income | 3,007 | 3,007 | 26 | |
| ======================= | ======================= | ======================= | ||
| Expenditure | ||||
| Expenditure on charitable activities | 7 | 3,088 | 3,088 | 2,459 |
| Other expenditure | 8 | 69 | 69 | 113 |
| ----------------------- | ----------------------- | ----------------------- | ||
| Total expenditure | 3,157 | 3,157 | 2,572 | |
| ======================= | ======================= | ======================= | ||
| ----------------------- | ----------------------- | ----------------------- | ||
| Net income/(expenditure) and net movement in funds | (150) | (150) | (2,546) | |
| ======================= | ======================= | ======================= | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 6,938 | 6,938 | 9,484 | |
| ----------------------- | ----------------------- | ---------------------------- | ||
| Total funds carried forward | 6,788 | 6,788 | 6,938 | |
| ======================= | ======================= | ============================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 6 to 12 form part of these financial statements.
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Bellaghy Womens Group Ltd
Company Limited by Guarantee
Statement of Financial Position
31 August 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 12 | 1,202 | 1,502 |
| Current assets | |||
| Cash at bank and in hand | 5,946 | 5,796 | |
| Creditors: amounts falling due within one year | 13 | (360) | (360) |
| ----------------------- | ----------------------- | ||
| Net current assets | 5,586 | 5,436 | |
| ----------------------- | ----------------------- | ||
| Total assets less current liabilities | 6,788 | 6,938 | |
| ----------------------- | ----------------------- | ||
| Net assets | 6,788 | 6,938 | |
| ======================= | ======================= | ||
| Funds of the charity | |||
| Unrestricted funds | 6,788 | 6,938 | |
| ----------------------- | ----------------------- | ||
| Total charity funds | 14 | 6,788 ======================= |
6,938 ======================= |
For the year ending 31 August 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 12 May 2025, and are signed on behalf of the board by:
M Doyle Director
The notes on pages 6 to 12 form part of these financial statements.
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Bellaghy Womens Group Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2024
1. 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 registered office is C/O 2 Birchwood, Bellaghy, Magherafelt, BT45 8JZ.
2. 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements 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 financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
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 accounting
Unrestricted funds are available for use at the discretion 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 two sub-classes: restricted income funds or endowment funds.
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Bellaghy Womens Group Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
3. Accounting policies (continued)
Incoming 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:
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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.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this 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.
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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 which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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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 relating to the governance of the charity apportioned to charitable activities.
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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 between 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.
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Bellaghy Womens Group Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
3. Accounting policies (continued)
Tangible assets (continued)
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.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings - 20% reducing balance Equipment - 20% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried 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 impairments 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 individual 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 acquisition 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.
Financial 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 liabilities 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.
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Bellaghy Womens Group Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
3. Accounting policies (continued)
Financial instruments (continued)
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 recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not 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 financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with 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 recognised immediately, 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.
4. Limited by guarantee
Bellaghy Womens Group Lid 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 twelve months of ceasing to be a member.
5. Grants
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Grants | ||||
| John Moore Foundation | 3,000 | 3,000 | – | – |
| ----------------------- | ----------------------- | -------------- | -------------- | |
| 3,000 | 3,000 | – | – | |
| ======================= | ======================= | ============== | ============== |
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Bellaghy Womens Group Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
6. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Other Income from Charitable | ||||
| Activities | 7 | 7 | 26 | 26 |
| ============== | ============== | ======================= | ======================= |
7. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total funds | Total fund | |
| directly | costs | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Activity costs | 2,283 | – | 2,283 | 1,090 |
| Governance costs | – | 805 | 805 | 1,369 |
| -------------- | ----------------------- | ----------------------- | ----------------------- | |
| 2,283 | 805 | 3,088 | 2,459 | |
| ============== | ======================= | ======================= | ======================= |
8. Other expenditure
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Bank charges | 69 | 69 | 113 | 113 |
| -------------- | -------------- | -------------- | -------------- | |
| 69 | 69 | 113 | 113 | |
| ============== | ============== | ============== | ============== |
9. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation of tangible fixed assets
| 2024 | 2023 |
|---|---|
| £ | £ |
| 300 | 376 |
| ============== | ============== |
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Bellaghy Womens Group Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
10. Independent examination fees
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 480 ============== |
470 ============== |
11. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the directors.
The total amount of expenses reimbursed to the trustees in the year was nil (2023: nil).
12. Tangible fixed assets
| Fixtures and | |||
|---|---|---|---|
| fittings | Equipment | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 September 2023 | 3,601 | 2,421 | 6,022 |
| Additions | – | - | - |
| ----------------------- | ----------------------- | ----------------------- | |
| At 31 August 2024 | 3,601 | 2,421 | 6,022 |
| ======================= | ======================= | ======================= | |
| Depreciation | |||
| At 1 September 2023 | 3,339 | 1,181 | 4,520 |
| Charge for the year | 52 | 248 | 300 |
| ----------------------- | ----------------------- | ----------------------- | |
| At 31 August 2024 | 3,391 | 1,429 | 4,820 |
| ======================= | ======================= | ======================= | |
| Carrying amount | |||
| At 31 August 2024 | 210 | 992 | 1,202 |
| ======================= | ======================= | ======================= | |
| At 31 August 2023 | 262 ======================= |
1,240 ======================= |
1,502 ======================= |
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Bellaghy Womens Group Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
14. Creditors: amounts falling due within one year
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Accruals and deferred income | 360 | 360 | |||
| -------------- | -------------- | ||||
| 360 | 360 | ||||
| ============== | ============== | ||||
| 15. | Analysis of charitable funds | ||||
| Unrestricted funds | |||||
| At | At | ||||
| 1 Sept 2023 | Income | Expenditure | 31 Aug 2024 | ||
| £ | £ | £ | £ | ||
| General funds | 6,938 | 3,007 | (3,157) | 6,788 | |
| ======================= | ======================= | ======================= | ======================= | ||
| At | At | ||||
| 1 Sept 2022 | Income | Expenditure | 31 Aug 2023 | ||
| £ | £ | £ | £ | ||
| General funds | 9,484 | 26 | (2,572) | 6,938 | |
| ============================ | ======================= | ======================= | ======================= | ||
| 16. | Analysis of net assets between funds | ||||
| Unrestricted | Total Funds | ||||
| Funds | 2024 | ||||
| £ | £ | ||||
| Tangible fixed assets | 1,202 | 1,202 | |||
| Current assets | 5,946 | 5,946 | |||
| Creditors less than 1 year | (360) | (360) | |||
| ----------------------- | ----------------------- | ||||
| Net assets | 6,788 | 6,788 | |||
| ======================= | ======================= | ||||
| Unrestricted | Total Funds | ||||
| Funds | 2023 | ||||
| £ | £ | ||||
| Tangible fixed assets | 1,502 | 1,502 | |||
| Current assets | 5,796 | 5,796 | |||
| Creditors less than 1 year | (360) | (360) | |||
| ----------------------- | ----------------------- | ||||
| Net assets | 6,938 | 6,938 | |||
| ======================= | ======================= |
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Bellaghy Womens Group Ltd
Company Limited by Guarantee
Management Information
Year ended 31 August 2024
The following pages do not form part of the financial statements.
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Bellaghy Womens Group Ltd
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 August 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Grants | ||
| John Moore Foundation | 3,000 | - |
| ----------------------- | -------------- | |
| 3,000 | – | |
| ----------------------- | -------------- | |
| Charitable activities | ||
| Other Income from Charitable Activities | 7 | 26 |
| -------------- | ----------------------- | |
| ----------------------- | ----------------------- | |
| Total income | 3,007 | 26 |
| ======================= | ======================= | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Rent | 72 | 510 |
| Legal and professional fees | 433 | 483 |
| Depreciation | 300 | 376 |
| Other expenditure on charitable activities | 2283 | 1090 |
| ----------------------- | ----------------------- | |
| 3,088 | 2459 | |
| ----------------------- | ----------------------- | |
| Other expenditure | ||
| Bank charges | 69 | 113 |
| -------------- | -------------- | |
| 69 | 113 | |
| -------------- | -------------- | |
| ----------------------- | ----------------------- | |
| Total expenditure | 3,157 | 2572 |
| ======================= | ======================= | |
| ----------------------- | ----------------------- | |
| Net income/(expenditure) | (150) | (2,546) |
| ======================= | ======================= |
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Bellaghy Womens Group Ltd
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 August 2024
| 2024 £ Expenditure on charitable activities Activities undertaken directly Other expenditure on charitable activities 2,283 Governance costs Governance costs – rent 72 Governance costs – accountancy fees 420 Governance costs – depreciation 300 Governance costs – general expenses 13 805 Expenditure on charitable activities 3,088 |
2023 £ 1,090 510 470 376 13 1,369 2,459 |
|---|---|
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