THE WOMEN'S SUPPORT NETWORK FINANCIAL STATEMENTS FOR THE YEIAR EI NDED 31ST MARCH 2023 ( A COMPANY LIMITED BY GUARANTEE AND P40T HAVING A SHARE CAPITAL) COMPANY REGISTRATION NUMBER N1057580 CHARITY REGISTRATION NUIVIBER NIC 102763 O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 FALLS ROAD BELFAST BTI 19AB
THE WOMEN'S SUPPORT NETWORK FINANCIAL STATEMENTS FOR THF YEAR ENDED 31ST MARCH 2023 CONTENTS Page Reference and Administartive Information Trustees Annual Report (including the Statement of Directors Responsibilities in respect of financial stateentS) 2-10 Report of the Independent Auditors to the Members, 11-23 Accountino Policies 14-16 Statement of Financial Activities (incorporating the income and expenditure account) Balance Sheet 18 Statement of Cash Flows 19 Notes to the Financial Statements 20-26
THE WOfvIEN'S SUPPORT NETWORK REI PORT OF THE DIRECTORS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 REFERENCE AND ADMINISTRATIVE INFORMATION Directors Tanya Hughes Susan M¢Croiy Renee Crawford Eleanor Jordan Eileen Gay Sherry-Bingham Isobel Loughran SeeretAry Renee Crawford Operational Director Karen Sweeney Registered Offiee 109-113 Royal Avenue Belfast County Antrim BTI IFF Auditor5 0'Ha Shearer Chartered Accountants & Statutory Auditors 547 Falls Road Belfast, BTI19AB Bankers AIB NI 11115 Donegall Square North Belfast BTI 5GB Company Regi5trution Number Nl 057580 Chority Commission for Northern Irelalld Registration Number NIC 102763 HM Revenue & Customs Ch*rity R¢gistration Number XR40415 Registered Ch&rAty Name The Women's Support Network Page I
The Womcn's Su ort Network Acom an limited b uaraiitee ort of the Trustees includin Directo, Re for the Year Ended 31 March 2023 ort The trustees, who are also directors of the charltable company for the purposes of company law, have pleasure in presenting th¢tr Trustees, Report with the audited Financial Statements of the charitable company for the year ended 31 March 2023. The trustees have adopted the provisions of the Stateinent of Recommended Practice (SORP) 'Accounting and Reporting by Charities, 2015 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in July 2014. effective l January 2015 in preparing the trustees, report and financial statements of the charitabl¢ Company, which are also prepared to meet the requirements for a directors, report and accounts for company and charity law purposes. REFERENCE AND ADMINISTRATIVE DETAILS Charity CommissROD for Northern Ireland Registration number NIC102763 Company Registration number N1057580 (Northern Ireland) HMRC Charity Registration number XR40415 Principal and Registered office Cathedral Quarter Managed Workspace, 109-113 Royal Avenue, Belfast, Co. Antrim, BTI I FF Trustees The trustees who served the charitable company during the year and up to the date of approval were as follows: Tanya Hughes Susan Mccrory Renee Crdwford Eleanor Jordan Gay Sherry-Bingham Isobel Loughran Chairperson Treasurer Secretary Renee Crawford Operational Director Karen Sweeney Auditor O'Hara Shearer Chartered Accountants & Statutory Auditors 547 Falls Road Belfast BTI 19AB Bankers AIB, 11-15 Donegall Square North, Belfast, BTI 5GB Page 2
The Women's Su ort Netivork Acom an limited b uarantee ort of the Trustees includin Directors, Re for the Year Ended 31 March 2023 ort continued REFERENCE AND ADMINISTRATIVE DETAILS continued Insurance Brokers Willis Insurance & Risk Management Newsletter Building 55-59 Donegall Street Belfast BTI 2FH OBJECTIVES AND ACTIVITIES WSN MISSION To advance women's equality and rights by working to influence policy, practice and provision while also regionally supporting and representing the interests, needs and perspectivcs of women, particularly those in poverty and in disadvantaged areas. WSN VISION To create a just and peaceful society devoid of gender discrimination, gender-based violence and women's rights violations, in which women from all backgrounds and communities can experience full equality of opportunity and participation across all spheres of their everyday lives. The Women's Support Network (WSN) is an umbrella organisation providing support to the community- based women's sector e.g. women's centres, groups, projects and organisations. WSN provides infornlation, suppo resources, research and training to support these organisations in the delivery of services that increase opportunities for women that work towards the relief of poverty, address social exclusion, advance education and safeguard health for women in Northern Ireland, particularly in areas of disadvantage. WSN actively campaigns, lobbies, carries out research and supports funding bids on key issues affecting women, namely health, poverty, childcare and education. WSN collates the views of women to infonn policy development and articulate concems and areas of need to funders, government departments, statutory organisations and elected representatives highlighting local key issues that impact directly on women in identified areas. WSN advocates for requisite resources to facilitate the sustainability and expansion of women-only, women- led spaces and provisÈon underpinned by free childcare. WSN facilitates the sharing of inforniation, good practice and, where possible, resources between women's centres, groups and organisations, developing an online presence to accommodate same. WSN supports women's centres, groups and organisations to work together collectively and strategically, not only for the benefit of women in disadvantaged areas but also to promote women's equality and rights across Northern Ireland and beyond. WSN acts as a first point of contact that signposts women in disadvantaged and rural communities to services, advicc and infomiation relevant to their particular needs and interests. WSN is a partner in the Women's Regional Consortium. The Consortium is funded by the Department for Cominunities (Dfc) in partnership with the Department of Agriculture, Environment and Rural Affairs (DAERA). Through the Regional Infrastructure and Support Programme (RISP), the Consortium provides thematic regional support for women's sector organisations across Northern Ireland, which meet the needs of marginal ised and isolated women in disadvantaged and rural areas. Page 3
Tlie Women's Su ort Netivork Acom an Eimited b uarantee ort of the Trustees includin Directors, Re for the Year Ended 31 March 2023 continued OBJECTIVES AND ACTIVITIES continued The Consortium is made up of seven established women's organisations.. WSN, Training for Women Network (TWN), Northern Ireland Rural Women's Network (NIRWN), Women's Resource and Development Agency (WRDA), Foyle Women's Information Network (FWIN), Women's TEC and The Women's Centre Derry. These organisations work in partnership to provide specialist support, advice, inforn]ation and training on a range of topics to increase capacity, skills, physical resources and structures to benefit women in Northern Ireland. The Consortium also operates as the link and point of contact between government and the sector to meet the needs of recominendations resulting from consultations, surveys and policy developments that impact on Miomen. WSN is responsible for the co-ordination of policy and research within the Consortium. WSN has responsibility for the distribution of funding and collective monitoring of activities delivered through Belfast Health & Social Care Trust to the five women's ccntres in the Belfast catchment area. This funding provldes support for children and their familieslcarers. addressing specific needs in temis of personal development, training, improved physical and mental health outcomes, reduced stress and anxiety, advocacy, efficacy including sponsored and referred childcare. Throughout the year the women's centres provided support and advocacy for women and families impacted by isolation and disadvantaged across the catchment area including those still experiencing residual impact from the Covid-19 pandemic. ACHIEVEMENTS AND PERFORMANCE Ovcr th¢ past twelve months, WSN has continued to engage in a range of activities to raise the profile of women's organisations and women's issues and to support women's organisations in the delivery of front-line services for women in disadvantaged and rural areas. WSN continued to support marginalised women and groups to ensure that their voices were heard and views taken and relayed to decision-makers throughout the ycar on various issues that impact women and the orTranisations sUPPOrting them including the impact of the 'cost of living crisÈs'. We have continued to lobby and campaign on behalf of individual women, community- based women's centres, groups and organisations. Regular newsletters, e-zines and funding bites support organisations through the provision of inforn]ation, funding, policy updates and training opportunities. WSN have continued to host regular on-line and in-person women's centres, managers, meetings to facilitate networking, sharing of good practise in their continued support for women in each of their perspective communities across Northern Ireland. These meetings are an opportunity for the centre managers to discuss key issues that impact the sector and delivery of support services for women and children and how th¢s¢ can best be addressed and adapted including the provision of childcare. The key issues of concern for the centres in this year continued to be pressures associated with the continuing rise in the 'cost of living, and the pressure this was putting on staff and budgets as operating costs continued to rise as did the demand for their services, such as delivery of training and education, specialist advice, support and advocacy. Over this period WSN continued as a member of the 'Co-design' working groups for both the Gender Equality and Anti- Poverty Social Strategies to ensure that these documents would be as advanced as possible when the Assembly returned and Ministers were reinstated. As a member of the Women's Regional Consortium, WSN is responsible for co-ordination of policy and research on issues that impact on women in disadvantaged and rural areas. Focus groups, consultation events, questionnaires and semi-structured interviews were undertaken to garner the views of women in these areas to inform the responseslresearch and ensure that local women were afforded an opportunity to have their views put forward. Page 4
The Women's Su ort Network Acom limited b uarantee ort of the Trustees includin Directors, Re for the Year Ended 31 March 2023 ort continued ACHIEVEMENTS AND PERFORMANCE continued In February 2022, the then 'First Minister, resigned which resulted in the suspension of the Northern Ireland Executive, however Departmental Minsters remained in place as 'caretakers' until an Asseinbly election was called for 05 May 2022. Following the election, the Executive failed to nominate/agree a 'Speaker' which resulted in the Assembly unable to sit, which is how it continued for the remainder of this financial year. This resulted in a stalling of all proposed legislation and draft strategies. Over the year WSN made seven responses to consultations, reviews and calls for evidence that directly impact women in Northern Ireland. The departmentallgovernmental/committee policy responses submitted in this year were as follows: 16106122 - Call for evidence on 'Cost of Living, Work and Pensions Committee 30106122 - Adult Social Care consultation: Department of Health (DOH) 26110122 - '1 OX Performance Management Framework, consultation.- Department for the Economy (DtE) 21111122 - CFNIISCI Consultation of Philanthropic Funding in Nl 19112122 - Miscarriage Leave Consultation". Department for the Economy(DfE) 09101123 - Inadequacy of Benefits to the APPG on Poverty (Westminster) 23101123 - Call for Evidence on a Debt Respite Scheme for Northern Ireland- Department for Communities (Dfc) The 'Women Living With Debt, research completed and published in this fInancial year explored the cxperien¢es of women living and working in disadvantaged and rural areas of Northern Irelalld on why they need to borrow, the types of credit they use, the impact of ¢xternal factors such as the Covid 19 pandemic, changes to social security policy and low pay as well as the personal impacts of living with debt. The paper takes a comprehensive look at the literature and research on debt, debt levels in Northern Ireland the links between debt and mental health, debt and social security benefits and the gendered nature of debt. The research provides a summary of the focus group research, questionnaires and individual intervÈews with local women. It detailed the amount and type of debt the women had, what external factors impact on their debts and the impact of debt on their lives and that of their children. The main findings of the research were: 51 % of the women had used high-cost credit with 6% borrowing through loan sharks including paramilitaries. 32 % reported borrowing from friendslfamily. 190/0 had borrowed through Discretionary Support with many reporting issues with the application processleligibility. 51 0/0 chose the lender because they knew they would get the money with only 2Q/o choosing the lender because of the total cost of the credit. 60 /0 of the woinen were finding it difficult to meet their debt repayments or missing repayments 350/0 reported using a foodbank as a result of debts/pressure to make ends m¢et 600/0 reported debt had been impacted by rising energy bills 600/0 reported debt had been impacted by rising food bills 72 % felt negatively impacted by being in debt 470/0 felt their children were negatively impacted by their debts Page 5
Tlie Women's Su ort Network Acom an limited b uai"antee ort of the Trustees includin Directors, Re for the Year Elided 31 March 2023 ort continued The research highlights the difficulty many women face living on a low income through social security benefits and in low paid work. The paper makes a number of recommendations for change including the need to invest in the social security System to ensure it provides sufficient incoine to help people live dignified, healthy lives without resorting to debt for the essentials. It also calls for the need for low or no cost borrowing to help those on the lowest incomes meet the costs of essential items. High-cost credit products are often used by those on the lowest incomes in order to access credit. Many of these borrowers have limited options to access cheaper forms of credit because of their low income. This forces them to use these high interest products to buy essential goods and larger purchases that they otherwise could not afford. Some of the most vulnerable borrowers are forced into using illegal lending or loan sharking because of a more urgent need for money. In Northern Ireland this type of lending is often linked to paramilitsry groups bringing with it even greater levels of fear and secrecy. Followingcompletion, circulation and promotion of the'women Living with Debt, research, WSN was invited to Imake a number of presentations, attend meetings and give interviews on the findings of the research. These included. meetings with the Secretary of State for Northern Ireland, the Shadow Secretary of State, MLAS and MPS from all five main political parties, the Joseph Rowntree Foundation, the Anti-Poverty Network and Human Rights Consortium. The research attracted media attention resulting in interviews and articles on television, radio and print including; UTV'S 'A View from Storn]ont', BBC'S Good Morning Ulster, Talkback, Radio Foyle, The Irish News, The Newsletter, The Detail and View DÈgital. Conference presentations included NIPSA Health & Safety Conference, Women's Budget Group 4-Nations Conference, Funders Forum Annual Conference, also NIWEP Webinar, APG on 1325 Women Peace and Security and a Human Rights Consortium event. In the latter half of this year in partnership with Ulster University research began on 'Women's Experiences of the Cost-of-Living Crisis in N. Ireland,. The cumulative results of the Cost-of-Living Crisis, the Covid-19 pandemic and a decade of welfare reform and austerity has left women to become the shock absorbers of poverty in their homes - forced to make torturous decisions around feeding themselves and their families, heating their homes and trying to live dignified. healthy lives. For those in most need there are significant concerns around rising levels of debt, poverty and destitution. This situation led us to carry out research with low income women on their experiences of the Cost-of-Living Crisis and its impact on their lives and families. The research's aim is to paint an accurate picture of women's lives which are increasingly occupied with hunger, cold, debt, anxiety and concerns. Focus groups were held across Northern Ireland from Jan -mar 2023 which resulted in two hundred and fifty women participating in the research. WSN is a regular attender and contributory member of the Women's Policy Group Northern Ircland, a platfonn for women working in policy and advocacy roles in different organisations to share their work and speak with a collective voice on key issues. It is made up of women from ttade unions, grassroots women's organisations, women's networks, feminist campaigning organisations, LGBT+ organisations, support service providers, human rights and equality organisations and individuals. WSN continues to support the development and delivery of the Rape Crtsis service for Northern Ireland which is funded by both the ROSAUK Justice and Equality Fund and the Joseph Rowntree Charitable Trust (JRCT). Anoiher cohort of volunteer support workers completed training and another group recruited, the training taking place both online and in-person. Ongoing recruitment and training is essential to meet the ever increasing demand for the service and to replace support workers who leave or take a break. The Freephone Information and Support Line continued opening four evening with the service contactable at any time via email or voicemail. Relationships and referral routes continued to grow through stakeholder organisations working with those impacted by rape and sexual assault such as ASSIST NI, the PSNI, the ROWAN (SARC), Nexus and Victim Support. Awareness raising and promotion of the service through social media platforlns and in-person was ongoing. speaking at conferences, community events as well as providing inforination stalls. Page 6
The Women's Su ort Network Acom an limited b uarantee ort of the Trustees includin Dii'ectors, Re for the Year Ended 31 March 2023 ort continued ACHIEVEMENTS AND PERFORMANCE continued As a member of the 'The Cliff Edge Coalition NI, working group WSN continued to lobby to strengthen the welfare mitigations package in Northern Ireland. 'The Cliff Edge Coalition Nl". is a group of over 100 organisations from across Northern Ireland who came together to highlight their shared concerns about the potential end of the welfare reforin mitigations. The focus of Cliff Edge work in this year has been on strengthening the mitigations package with the introduction of new mitigations around the two-child limit, the Universal Credit five-week wait and increased protections for those in the private rented sector. Cliff Edge welcomed the publication of the delayed Welfare Mitigation Review and its strong recommendations which mirrored many of the strengthening and additional asks of the Cliff Edge Coalition. WSN also attended meetings of 'Keep the Lifeline, to discuss ways in which changes can be made to the social security system to help people through the, Cost of Living Crisis,. This resulted in WSN attending a briefing to discuss a new joint cainpaign between the Joseph Rowntree Foundation and the Trussell Trust calling for refonn of Universal Credit. WSN has continued to be an active member of the 'Childcare for All, campaign and attends the All Party Working Group (APWG) on Early Education and Childcare, a successful ask of the campaign. The campaign continues to call for universal, child-centred affordable, accessible childcare that meets the needs of children, fainilies, childcare workers and providers. WSN ensures that community based childcare provision delivered through local women's centres and groups is represented in including those places funded Éhrough the Women's Centres, Childcare Fund (WCCF). Throughout the year WSN also represented the centres and community based childcare model on the Early Learning aTtd Childcare Stakeholder ETTrgagement Forum for the development of an 'Early Learning and Childcare Strategy, for Northern Ireland. In this year WSN joined the working group of a new Northern Ireland campaign for the introduction of a Northern Ireland Child Payment. This was a recommendation by the Gender Equality and Anti-Poverty Expert Panels and reiterated in the Feminist Recovery Plan. The Coalition prepared a briefing document on a potential NI Child Payment gathering evidence from academics, the Scottish model and advice organisations on what format a Child Payinent might take and what way it would work best here. The working group members met with political parties and Departmental officials to discuss how it could work in practice and be costed for. Work is ongoing on research into public attitudes to child poverty which will be used to frame campaigning work around a Child Payment for Northern Ireland. WSN continued its partnership with the Women's Resource and Development Ag¢ncy (WRDA) as lead partner, Northern Ireland Rural Women's Network (NIRWN) and Reclaim the Agenda (RTA) for the Raise Your Voice Project and campaign (RYV). This project informs and raises awareness of all forms and degrees of sexual harassment, working collectively to create true cultural change in order to tackle the root causes of these behaviours and empower people to make real society change. Delivery of the initial two workshops continued both online and in-person throughout the year as well as lobbying and consultation responses. A further three workshops covering 'online harassment,, 'ally ship, and 'by-stander intervention, have been developed for delivery in the next financial year. The project continues to strengthen its presence through social media platfornis, poster campaign, e-zines and website content and resources. WSN'S partnership in the 'Labyrinth Project, funded ihrough the UK Tampon Tax with SOLAS UK as lead partner continued until December 2022. This was a UK wide project and WSN were the delivery partner for Northern Ireland. As part of the project WSN produced a mapping report on areas of the women's sector across Northern Ireland, identifying gaps in specialist support and training opportunities to inform the delivery element of the project. The project incorporated trainers and legal experts who developed infonnation guides and a suite of free online training for organisational staff, volunteers and centrelgroup users. The project also set up an online 'Centre of Excellence, on the SOLAS UK Website for sharing of best practise. Page 7
The Women's Su ort Network Acom limited b uarantee ort of the Trustees includin Directors, Re for the Year Ended 31 March 2023 ort continued WSN again partnered with WRDA and NIRWN for delivery of a UK Coininunity Renewal Fund (UKCRF) pilot project in preparation for the UK Shared ProsperÉty Fund which was approved in November 2021. The project cominenced in January 2022 with an end date of 30 June 2022 later extended to 30 September with wrap-up until 3 E December 2022. The overall Fund's aims were to invest in skills, coininunity and place, local business, and support people into employment. The 'Women Breakints Barriers, project proposed to deliver training and employment skills to 350 women across urban and rural areas of Northern Ireland, delivered through women's centres and groups. Delivery of this short pilot project resulted in the following: 551 women attended a programme delivered through the project A total of 668 places were funded There was a total of 61 programmes delivered across the timespan 276 women benefitted froin one to one and group support sessions, including CV writing skills, benefits calculator support, employability skills and job interview preparation. 6 E /0 of courses delivered were accredited with 325 woinen receiving an accreditation Out of these courses 52 /0 were delivered in urban areas and 480/0 in rural locations Women in Film Event hosted - the first of its kind in Nl with over 40 participants, reaching a global audience and with a range of speakers from the Film Industry In June 2021 WSN agreed to be a strategic partner in an application to Ireland's Department or Foreign Affairs (DFA) Reconciliatlon Fund, led by Women's Platfonn (formally NIWEP) and in partnership with NIRWN and WRDA who have responsibility for key delivery areas. The 'Women's Spaces, applicatÉon was successful with delivery now ongoing from June 2022 until June 2025. The project is designed to give women the skills and capacity to engage in public life and strengthen women's voices in peace-building and decision makRng. The project WRIK deliver a serious of workshops as well as develop a 'toolkit' on women, peace and security that wÈll inforni and enhance further tralning and workshops through a collective of programmes, tools and information. WSN in partnership with WRDA as lead, NIRWN and Reclaim the Agenda made an application to the UK Shared Prosperity Fund as part of the UK Levelling Up initiative under the Department for Levelling Up, Communities and Housing and as a follow-up to the UKCRF Women Breaking Barriers project. The overarching UKSPF intervention for Northern Ireland is Supporting economically inactive people to overcome barriers to work by providing cohesive, locally tailored support including access to basic skills,. The application was subinitted at the end of January 2023 and the partnership learned of its success on 31 March 2023. The two year project aims to deliver specifIc tailored support to 600 economically inactive woinen across urban and rural settings. WSN are responsible for the urban delivery working in partnership with seven women's centres and other urban groups while NIRWN will be responsible for rural delivery. FINANCIAL REVIEW Financial Position The accounts on pages 17-19 deal with all the income and expenditure of the charitable company, as well as its financial position at the year end. Principal funding sources supporting key objectives of the charitable company and funding both charitable activity and support costs are shown at notes 1- 6 (pages; 20-21). The results for the year show an unrestricted surplus of £10,021 (2022: 10,660) and a restricted surplus of £10,235 (2022: £6,252) producing an overall surplus of £20,256 (2022: £16,650). At the year-end unrestricted reserves were £52,135 (2022- £42,114) and restricted reserves £30,157 (2022- £19,992). Page 8
The Women's Su ort Network Acom limited b uarantee an ort of the Trustees includin Directors, Re for the Year Ended 31 March 2023 contknued Reserves policy In line with good practice The Women's Support Network aims to build and retain a level of unrestricted reserves that match the needs of the organisation both at the current time and in the future to meet statutory obligations for both staff and suppliers in these times of funding uncertainty. These include: Statutory Redundancy Salaries and Pensions Organisational Running Costs Reserves will be monitored on an ongoing basis by the Finance and Personnel Trustee sub-group and an overview presented by the Operational Director at Trustee Board meetings to ensure the progress towards target level. Risk management The Board have assessed the major rÈsks to which the charitable company is exposed. in particular those related to its operations and finances, and are satisfied that systems are in place to mitÈgate any exposure to those major risks. Going concern After making appropriate ¢nquiries, the trustees have a reasonable expectation that the charitable company has adequat¢ resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. STRUCTURE, GOVERNANCE AND MANAGEMKNT Governing document The organisation is a charitable company limited by guarantee, incorporated on 14 December 2005. 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. Organisational strueture The Woinen's Support Network is overseen by a Board of Directors which meets at least six times a year. The Board is responsible for the strategic direction of the organisation and oversees the management of the organisation. The day-to-day management and operation of activities are carried out by a staff team led by the Director who reports regularly to the Board. Recruitment and Appointment of Board of Directors The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as the Board. Under the requirements of the Memorandum and Articles of Association the members of the Board are elected from the membership to serve for a period of three years after which they must be re-elected at the next Annual General Meeting. PUBLIC BENEFIT STATEMENT The Directors have complied with the duty to have due regard to the Charity Commission for Northern Ireland's statutory guidance on the public benefit requirement issued under the Charities Act (Nl) 2008. Page 9
The Women's Su ort Iyetwork Aco limited b an uarantee ort of the Trustees includin Directors, Re for the Year Ended 31 March 2023 ort continued STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also tlie directors of The Women's Siipport Network for the purposes of company law) are responsible for preparÈng the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statemenls for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. Itt preparing those financial statements, the trustees are iequiTed to. select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP 2015 (FRS 102). Inake judgements and estimates that are reasonable and prudent. state whether applicable United Kingdom Accounting Stsndards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in busin¢ss. The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financÈal position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets ofthe charitable company ]d hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: there is no relevant audit information of which the charitable company's auditor is unaware; the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit inforniation and to establtsh that the auditor is aware of that inforniaÉion. AUDITORS As per procurement procedures this will be put out to tender and agreed at the next AGM. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 22nd January 2024 and signed on its behalf by: Gay Sherry-Bingham - Trustee Page 10
THI WOMEN'S SUPPORT NETWORK FINANCIAL STATCI MENTS FOR TFIE YEAR ENDED 31ST MARCH 2023 REPORT OF THE INDEPENDENT AUDITOR TO TFII MEtvtBERS' Opinion We have audited the financial statements of The Woinen's Support Netwoi'k (the '¢harity') for the year ended 31 March 202J which cornprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the notes to the financial statements, including a summary of significant accounting policies. The ffftnancial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards, including Financial Reporting Standard 102 Thefinancial Repol'ting Standard applicable in tlie UK and Repiiblic ofIrelaiid (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial slatemenls.. give a true and fair view of the state of the charitable company's affai as at ) l March 202) and of its incoming resources arjd applicalion of resources, including its income and expenditure for the year then ended. have been properly prepared in accordance with the Financial Reporting Standard appltcabl¢ in the UK and Republic of Ireland (FRS 102) (effective l Janauary 2015) - (Charities SORP (FRSI 02)), the Financial Reporting Standard applicable in the UK and Republic ofircland (FRS 102). have been prepared in accordance with the requircrnents of the CompatEies Act 2006. B2S15 for opjnion We conducted our aLTdit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those slandards are further described in the Auditor's responsibilities for the audit of the accounts section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the accounts in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require us to report to you where: the trustees, use of the going concern basis of accountinE in the preparation of the fin8Dcial statements is not appropriate. oi. the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity's ability to continue to adopt the going concern basis of accout)ting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other information The other information comprises the information included in the annual r¢po¢ other than the financial statements and oui. auditorfs report thereon. The trustees are responsible for the other infomiation. Our opinion on the financial statements does not cover the oiher infonmation and, except to the extent otherwise explicitly stated in our report, we do not'express any fonn of assufdnce conclusion thereon. In connection with our audit of the financial Statements, our responsibility is to read the other infonnaÈion and, in doing so, consider whether the other information is materially inconsistent with the financial staternents or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material mi5St&tement in the financial statements or a malerTal misstatement of the other information. If, based on the work we have performcd, we conclude that there is a material misstatement of this other infornation, we are required to report that fact. We have nothing to report in this regard. Pagell
THF, WOMEN'S SUPPORT NETWORK FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS, Matters on iyhich we are required to report by exception In the li¢7ht ot the knowled(y¢ and under51aiiding of the Tnjstees aiid its environment obtained in the course of the audit, we have not identified Inaterial misslaleinetlts in the Trustees, Report. We hzve nothing 10 report in respect of the following matters in relation to which the Companies Act 2006 requires us lo report to you if, in our opinion: sufficient accounting records have not been kept. or the financial stslements are not in aui'eement wtth the accounting records. or certain disc105ur¢s of trustees, remuneration specified by law are not made. or we have not received all the inforn)ation and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees, who are also the directors of the charity for the pury)ose of company law, Are responsible lor the preparation of the fsnancial statements and for beiE]ts satisfied that tsive a true and fair view, and for such intemal control as the directol's determine is necessary to enable the preparation of flliancial statements that are free from material misstatement, wh¢iher due to fraud or error. In preparin(F the financial stateinents, the trustees are responsible for assessing the Charity's ability to Continue as a going concern. di5closTrng, as &pplicable, matters related lo going concern and USIDO the goin(y concern basis of accountin¢J unless the trustees either intend to liquidate the company or to cease operdlions. or have no realistic altemative but to do 50. Auditor's responsibilities for the audit of the financi21 statements Our objectiv¢s are to obtain reasonable assurance about whether the financial statements as a whole are free fro¥n malerial misstateinent, whether due to fraud or error, and Èo issue an auditorf5 report that incldeS our opinion. Reasonable assurance s a high level of assurance, but is not a guarantee that an audit conducted in ac¢ordance with lSAs (UK) will always detect a material misstateinent ivheR it exists. Misstateinents can arise from fraud or error and are considered tnttterial if, individually or in the aggreoale, they could reasonably be expeeted to influenee the economic decisions of users taken on the basis of these financial statements. Irregularitie5, including fraud, &re instances oFnon-compliance with laws and reoulations. We design procedures in line with our responsibilities, outlined above. to detect inaterial inisstateillents in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting in'egularities. ineluding fraud, is detailed below. I xplanation as to what extent the 2udit was Considered capable of detecting irregularities, including fraud The objectives of our audit in respect of fraud, are to identify and Hssess the risks of material misstatement of the financial statements due to fraud. to obtain sUle1ent appropriate audit evidence regarding the assessed risks of material inisslatement due to fraud, through desiunin(r and itnplementing appropriate responses to those assessed risks- and to respond appropriately to instances of fraud or suspected fraud identified durin(Y the audit. However. the priinary responsibility for the preventioR and detection of fraud rests with both management and those charged with governance of the Charity. Our approach was as follows-. We obtained an understanding of the legal and regulatory requirements applicable to the charity and considered that the most significant e the Compinies A¢t 2006 and the Financial Reporting Siandard applicable in tl)e UK and Republic of Ireland (FRS 102) (effective l Janaury 2015) - (Chariti¢s SORP (FRS 102). Enquiry of manageinent, those charged with governan¢e and the entity's solicitors around actual and potential litigation and claims. Enquiry of entity staff in ¢ompli8n¢e nctionS to identify any instances of any non-¢omplianc¢ with law5 and regulations. R¢viewing financial statement disclosures and testino to 5UPPOrting documentation Io assess compliance with applicable laws and regulations. Page 12
THEW IEN'S SUPPORT NETWOR INANCIAL TEMEKrs R THE YEAR ENDED 31ST MARCH 2t123 REPORTO THE INDEPEN T AUDIT OT EME Auditing the rtsk- of management overrtd¢ of conlrols. including through testingjournal entries and o(h¢r adjustments for appnipriateness. aod ¢valuating the business rationale of significant transacÈion5 outside the nomial course of bu5ine5S. As part of en audit in accordanLe wilh ISAS (UK) we exercise profe55ional judgem¢nt and mainiain prof¢ssionaE scepticism throu8houi th¢ audiL W¢ also: Identify and assess (he risks of material misstatemeni of the finonei2J $taÈ¢m¢nts. wheth¢rdu¢ ¢0 frdud or error. design and perform audit pro¢¢dures responsive to thos¢ risks. and ob(ain audit evidene¢ that is sufficieni and appropriate to provide a bgsis for our opinion. Th¢ risk of not ddectÉng a rna*rial missrat¢mcnt resulting from frnud is higher than for otJ¢ SultIng from error. as may inYolv¢ ¢ollusion, forgery, int¢ntional omissions, isrcps¢nlat1Ons, orthe ovcrride of intemal conirol. Obtttin an und¢55tanding of internal wnÉfol relevant to th¢ audit tn order to d¢5ign audit procedures that are appmpriat¢ in the circumstatiee5, but noi for the purposes of¢xpressing an optnion on the elTectivcn¢55 of the cOmpaT]S Intunat contml. Evaluate the appropriatene5$ Of accounting ixilieies us¢d and the re&sonabl¢ness of Accounting ¢stimat&% and rel4t¥d disclosures made by the directors. Conclude on the appropriateness of the dir¢¢tOTS' Use of the going nCern basts of aceounting and. on the audit evidence obtain. whether a matertal un¢¢rtainty exists related to ents or eondilions that may thst Significant doubt on th¢ charlS ab51ity to continue as a going eonceETJ. If we c(McILe that a material un¢¢rtainty exists, we are required io draw attention in our audttovs report to the related disclosu in th¢ financial statesnents or. if Such disclosu]Ys are inudequate. to modify our i)pinion. Our con¢lusion5 are based on Lh¢ audit evidence obtain¢d up to our audi10I5 reporL However. futttre events or conditio4 Enay ¢au5e the charity to c¢ase to continue 2s a going concern. Evaluate the overall presentation. s(Nclure and wntent of the financial staiements. including Ehe disc105uTes. and whether the finanLial stsLt¢m¢nts represenl the underlying tnstIonS and events in a maTtn¢r that achieves fair presentation. A further description of our responsÈbilÉti<s for the audit of the ftnlln¢ial statements L5 Iwated on the Finaneial Reporting Council's websiie at: httpJlwww.frc.org.uklauditorsres]x)nsibilities. This dcscription fonns part of our auditorfs rcport. W¢ communÈcale with thos¢ charged with governance regarding. other mattas. the planned SCO and timing ol'the audit and signiftcant findings, in¢luding any significant deliciencies in internal control that w¢ identify during our audit. Use of our report This report rs made solely to the charitable company's members. as a EM)dv. in 8c¢ordance wilh Chapter 3 of ParE 16 of the Companies Act 2006 and regulations ma(k undLr (hat Act. Our audit work has undertaken so that w¢ mighi sthie to th¢ charitable eoTnpafty's Membe iknse matteTS we are required to State to them in an auditOT3' report aftd for no other puwe. To the lulle5t ¢xtent perniitted by l¥Ew. wc do not accept or assuEne r¢sp)nsibility to anyone other than th¢ charitable company andi metnbers as a ror our audit work, for this report. or for the opinions w¢ have fomied. LAW NCE SHEARER F.C.A.. Stnior Ststutory Auditor FOR AND ON BEHALF OF O'HARA SHEAREK Ststutory Auditor O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 Fa115 Road B¢lfast BTI19AB D•ted: 22nd January 2024 Page 13
THE WOMEN'S SUPPORT NETNITORK FINANCIAL STATEIIqEI NTS FOR THE YEAR ENDED 31ST MARCH 2023 STATEMENT OF ACCOUNTING POLICIES Accounting Convention and Basis of Accounting The financial stateinents have been prepared under the historical cost convention. The financial statements have been prepai'ed in accordance ivith Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard which applies in the UK and Republi¢ of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Going Concern At the time of approving the financial statements, the trustees, have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees, continue to adopt the going concern basis of accountillg in preparing the financial statements. Income Reeognition Incoine is recognised %vhen the Charity has entitlement to the funds, any perfonnance conditions attached to the item{s) of income have been met, it is probable that the income will be received and the amount can be Fneasured reliably. Interest Receivable Interest on funds held is included when receivable and the amount can be measured reliably" this is normally upon notification of the interest pard or payable by the Bank. Resourees Expended Expenditure is recognised on an accruals basis as a liability in incurred. Expenditurc includes any VAT which cannot be fully recovered, and is classified under headinos of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events, and non-cliaritable trading activities, 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 tts beneficiaries, including those support costs and costs relating to the governance of 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 reflectÉng the use of the resource. Direct costs attribiitable to a single activity are allocated directly to that activity. Shared costs are apportloned between the activittes they contribute to on a reasonable> justifiable and consistent basis. Fixed Assets All tangible fixed assets are recorded at cost. Page 14
TIIE WOMEN'S SUPPORT NETWORK FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 STATEMENT OF ACCOUNTING POLICIES Contiiiued Depreciation Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives at tlie following rates: FiXtuS and fittings Equipment 25 /0 Straight line 250/0 Siraight line Repairs and Reneivals All repairs and renewals are written off as incurred Pension Costs: defined contribution plans Contributions to defined contribution plans are recognised as an expense Èn the period in which the related service is provided. Prepaid contributions are recoonised as an asset to the extent tliat tlie prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of tlie reporting date in whÈch the employees rendeÈ' the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Debtors and Prepayments Trade debtors and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts diie. Creditors and Provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds lo a third party and the amount due to settle the obligation can be measiired or estimated reliably. Creditors and provisions are nomially recognised at their settleinent amount after allowing for any trad¢ discounts due. Financial Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially reco(Fnised at transaction value and subseqiiently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the efrective interest method. Foreign Currencies Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rat¢ of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the net movement in funds. Page 15
THE WOMEN'S SUPPORT NETWORK FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 STATEMENT OF ACCOUNTING POLICIES Conliiiuetl Fund Accounting Unrestricted funds are genei'al funds that are available for use at the Trustees, discretion in furtherance of Ihe objectives of the charity. Designated funds a unrestricted funds set aside by the triistees out of unrestricted funds for specific future projects or commitment. Restricted funds are subjected to restrictions on tlieir expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted incoine funds or endowninent funds. Incotning Resources All incoming resources are included in the stafrment 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 ¢haTity 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 És evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy incoTne 15 recognised when receipt is probable and entitlement is estsblished. income from donated good5 is measured at the fair value of Èlle goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor oi. the estimated resale valiie. Donated facilities and services are recognised in the accounts wlien received if the value can be reliably measured. No atnoLints are included for the contribution of general volunteers. income froTn contracts for the supply of services is recognised with the delivery of die contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed if Ljnspent, in which c&se Ét may be regarded as restricted. Reserves Poliey In line with good practtce The Women's Support Network aims to build and retain a level of unrestricted reserves that match the needs of the organisalion both at the current time and in the future to meet statutory obligations for both staff and suppliers in these times of funding uncertainty. These include- Statutory Redundan¢y* Salaries and Pensions" and OIEanisational Running Costs Reserves will be monitored on an ongoing basis by the Finance and Personnel Tntstee sub-group and an overview presented by the Operational Director at Trustee Board meetings to ensure the progress towards target level. Page 16
TIIE IV05NIENI,S SIIPPORT YI ETIVORK SI'.4TEI IENI T OF FIIN ANCIAI,.4C.TIVITILS oratin riOR TFII YEAR EINDED 31ST 5I1.4RCH 2023 Fntor tlie income llnd ¢ enditure accoiint UnrL'¥trieted RestrÈ¢ted Ci odoiynment TOTAL TOT,IL Funds 2023 2022 h'OTES lINcOlE AND ENDOWIYfvllIYI rs rROM: DonoÈions and legacies Income froni inve5tmeNts Income froni charitllble activities Income from other trading activities 1,950 1,469 3.419 7,672 i8,571 301.916 340,488 292,117 TOTAL INCOi¥IE ANI D EI NDowN1ENTs 40.521 3J86 343,907 299,789 EXPENDITURE OIN: E.xpenditure ott TtsiS2ng Mnds ExpLTrditure on charitable actlVLties Other eKpendittJre Nei gainsl{lowsl 00 investments 30,iOI 29J,150 323,651 282,877 TOTAL RESOURCES EXPEIIDED 30,501 293,150 323,651 282,877 NET INCO&NIEIIEXPENDITbRE} 10.021 10,235 20,256 16,912 Transfers between funds NET MOVEIVllI Nl. IN FUNDS 111.021 10.235 20,256 16.912 RECONCILIATION OF FUNDS TOTAL fi UNDS RIROUCHT FORWARD 42.114 19,922 62,036 45.124 TOTAL FUNDS CARRIED FORIVARD S2,135 31),157 82,292 62,036 The Stement pf financiol Attiviti¢s in¢lud¢5 all gains And losses tn the y¢¥r and thei'efore a Statement of Tot#1 Retogniscd Cains Losses has not beEn prepAred All of the Abovc amount5 relkte to ce>nttnuittg 4etivities Tkne t¢oJnpllnying yoltti¥ the note5 forffi pArt ofihest fJnaty¢itsl slR¢emcnts Page 17
THE WOMEN'S SUPPORT NETWORK BALANCE SHEET AS AT 31ST MARCH 2023 2023 2022 NOTES FIXED ASSETS Tangible assets CURRENT ASSETS Debtors and prepayments Cash at bank and in hand 12 4,022 3,726 250,517 305,602 254,539 309,328 Creditors: amounts falling due within one year 13 (172,247) (247,292) NET CURRENT ASSEI TSI{LIABILITIES) 82,292 62,036 TOTAL ASSETS LESS CURREI NT ASSETSI{ LIABILITIES ) 82,292 62,036 Creditors: amounts falling due after more than one year NET ASSEI TSI(LIABILITIES) 82,292 62,036 FUNDS: ENDOWNMENT FUNDS UNRCI STRICTED INCOME FUNDS 14115116 52,135 42,114 RESTRICTED INCOMEI FUNDS 14115117 30,157 19,922 82,292 62,036 Th ancial state gne ont ents were approved by the Trustees on 22nd January 2024 ehalf by: DATE 22nd January 2024 The YCCOTnpanying accounting policie5 and notes form part of these financial 5tAtements Page18
THE WOMEN'S SUPPORT NETWORK STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2023 2023 2022 NOTEI S CASHFLOWS FROM OPEIUTING ACTIVITIEI S Cash geneizted from operations io (55,085) 148,364 Net cash inflowl(outflow) from operating activities (55,085) 148,364 Investing 2Ctivities InvestmeTrt income Purchase of tangible fixed assets Prior year adjustment A¢quisition of investments Disposal of investtTJents Disposal of tangible fixed assets 19 Net cash from investing activities Increa8el(decrease) in ek)sh ynd cash equivalents ill the year (55.085) 148.364 Cash and cash equivalellts at the beginlling oftbe year 305.602 157,238 Cash and cash equivalents 2t the end of the ye2r li 250,517 305,602 Relating to- Cash at bank and in hand li 250,517 305,602 The accompaYing accounting policies ld note5 forni part of these finan¢tlll st4temeMts Page 19
THE WOMEN'S SUPPORT YI ETIVORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 I. DONATIONS AND LEGACIES Unrestrieted Restricted FuTtds Funds Unrestricted Restrieted Funds Funds 2023 2022 Donations Fundraising Leg2Ci¢S 1,950 1,469 3,419 7,672 7,672 1.950 1.469 3.419 7,672 7.672 2. INCOME FROM INVESTMENTS Unrestricted Restricted Funds Funds Unrestricted Restricted Funds Futkds 2023 2022 Incom¢ from UK listed investm¢nts Incoine from eash 3. INCOME FROM CHARTTABLE ACTIVITIES Unrestricted Restrieted Funds FurEd5 Unrestritted Restricted Funds 2023 2022 Bellagi Fle21th & Social Care Trust- Supporting Families 3oseph Roi¥ntree Charitable TTU5t Justicc & Equality fund- ROSA Departfftcnt for CommuTtitle5- WLFmcn's Regional Consortium WoTncns Resouree & DeVelopeftt Agency (WRDAI Solace Womens Aid 5,240 95,620 96.665 148.467 94.478 1110.860 96,665 148,467 94,478 33,331 29.717 5.500 91,705 97.205 110.680 110,680 209.129 209,129 91,333 91,333 10.893 17.860 33J31 10.893 29.717 17,860 Less.. Deferred IRcom¢ 1163,030) 1163.030} 1244,983) {244.9831 38.571 301.916 340.488 16.393 275,724 292.117 4. INCOME FROM OTHER TRADING ACTIVITIES Unrestricted Restrrcted Funds FUd5 Unrestricted Restricted Funds Funds 2023 2022 Fundraising and trdining Room Hire Page 20
TIIE l¥'Oh.IEN'S SIIPPORT NEVVVORK NOTES TO Tllb FINANCI.IL STATF.fvI[4 NTS FOR THF. I'EAR ENDED 31ST ff.4RCH 2023 5. EXPCINDITIIRE ON, RAISING FUI¥DS Unrestricted Restricted Funds Funds Ilnresti'É¢t¢d Restricted Funds Funds 1023 2022 Prolnotional And fundraising casts 6. EXPE4 NDITURE ON CHARII'ABLE AcfiviTIES Unrestricted R¢$trieted Funds Fund$ [Inre$ti'i¢ted Re5ti'icttd Fun(Is Funds 2023 2022 Aclivliies UiEderlukeii dirÈdlJ' Wages ond Salar¢S Etnployers national insurantt Employers pensioll costs Voluntcer cosls Venue: contributory costs and refreshmettts Wo]nen's C¢ntr¢s disiributio Insurance Rent and service charges payable Stutiut2ery and postage Printin8 TLlcplione and intemet Cornputer maintenance and rr support Travel exprnses Freelance Futldraiser Clinical supcrvisio Room liire Consumer council focus groups Debi focus gTOEIPS Flospiialily and mttling rcfrcshmcftts SiarriTaintngF and confcreMce5 PrOO(loal costs PublLCiltioTr costs Trdining materials and resources Dlltabose managesnent ¢osis Affiliation fees Managemeni fees SuDdry expenscs 17.430 145.356 162,785 15,891 8.518 10.054 1.613 8.579 767 273 119,510 128.089 10.646 7.079 10,556 1.046 249 7,473 9,805 1.613 82,037 741 8,902 749 801 1.827 603 1,226 550 2,850 291 7,352 10.556 86,103 604 7,075 610 86,103 741 8.902 843 801 1,827 603 3,687 550 2.850 291 2,222 4,585 7,075 791 94 181 2,123 928 155 2,123 928 642 2.461 487 1.875 1.683 1,875 1,683 2,233 2,222 4.585 2.233 144 300 336 4,121 144 300 336 4.121 1,221 2,452 68 638 2.4)2 339 638 271 7.920 193 5,500 143 7,920 193 5,500 143 94 180 5,240 274 5,240 TotAI 2Cttvities ttndert2ktv directly 30,161 288,804 318.965 12,520 2CI7,604 280.124 Suppf)ri costs Legal and professional fee5 Depreciation and impainnenl BanL sntLYe5t and ¢harges 13 2,400 2,413 593 593 273 286 152 2.552 425 2.838 153 746 213 213 366 959 Goveriiuitee eu51s Accountancy fees Audit fee5 54 54 1,794 1.794 1,848 1.848 1.794 1.794 1.794 1.794 Tvtal 5UPPOrt and governanc¢ costs 340 4.346 4,686 746 2.007 2,753 TOI'AL EXPENI DITURE OIN CFIARITABLE ACTIVITIES 30,501 293,150 323.651 13,266 269,611 282,877 Pa8¢21
THE WOMEN'S SUPPORT NII TWORK NOTES TO THE f4INANCIAL STATEMENTS FOR THE YEAR ENDED 31ST IIqARCH 2023 7. NET {OUTGOING)IINCOMING RESOURCES FOR THE YEAR This is stated after ch2rgingl(crediting) 2023 2022 Auditors remuneration Depreciation 1,848 1,794 8. SALARY COSTS AND IMOLUMENTS 2023 2022 Total staff costs were as follows: Wages and salaries - key management personnel Waoes and salaries - other staff Pension Costs - key management personnel Pension Costs - other staff Employer social security costs - key management personnel Employer social security costs - other staff Employer social security costs - Statutory Maternity Pay Recoverable Employer social security costs - Employment Allowance 41,451 121,335 3,204 5,314 4,685 11,206 41,384 86,705 3,141 4,211 4,491 6,922 187,195 146,854 The average monthly number of employees during the year was as follows". 2023 Number 2022 Number No employees had emoluments in excess of £60,000 (2022: £Nil) Staff remuneration and benefits Key maThaoement personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. Trustees, remuneration and benefits There was no trustees, remuneration or other benefKts for the year ended 31 st March 2023. (2022: £Nil) Trustees, Expenses There were no trustees, expenses paid for the year ended 31 st March 2023. (2022: £Nil) Page 22
THE WOMII N'S SUPPORT NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 9. TANGIBLE FIXED ASSETS Premises Improvements Equipment Total COST As at 1st April 2022 1,578 44,113 45,691 Additions Disposals As at 3 1st March 2023 1,578 44,113 45,691 DEPRECIATION As at 1st April 2022 1,578 44,113 45,691 Charge for year Eliminated on disposal As at 3 1st March 2023 1.578 44.113 45.691 Net book value 2023 Net book value 2022 10. RECONCILIATION OF OPERATING PROFIT TO NEI T CASH FLOW FROIVI OPERATING ACTIVITIES FROM OPERATING ACTIVITIES 2023 2022 Operating Siirplus/(Deficit) for the year Depreciation and impaimient Movement in debtors Movement in creditors Gain on investments (Profit)ILoss on disposal of Fixed Assets Investment income 20,256 16,912 {296) (75,045) (384) 131,836 Net eash infloivJ(outflow) from operating activities (55,085) 148,364 Page 23
THE WOMEN'S SUPPORT NETWORK NOTEI S TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31ST MARCH 2023 11. BANK AND CASH 2023 2022 AIB Nl Sustainability Account AIB NI Rape Crisis Service Nl Account AEB NI EHSSB Account AIB NI Cun'ent Account - TWN-DfCIConsortium 74,190 42,580 153,043 241,262 16,048 7,773 7,236 13,987 250,5 I7 305,602 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEI AR 2023 2022 Debtors Prepayinents and accrued income 3,153 869 2,745 981 4,022 3,726 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Taxation and social security Costs Accrued expenses Deferred income 5,333 3.884 2,309 163,030 244,983 172,247 247.292 Page 24
THE NVOMEINIS SIIPPOR T NETIVORI NOTES TO T14f fiiNAYI Cl.41. ST.4TINIENT FOR THE YEAR EN'DED JIST fvIARCII 2tJ23 14. AIYALI'SIS OFN IET.4SSETS BY FIIND Fixed Ass¢ts Citrrent Cl1¥rity lis Assets Currcnt Transfer5 behi'een FuKds 2023 2n22 Total Fiinds Unr¢striCt¢d funds Restrictcd funds 52,135 202.404 52,135 30,157 42.114 19.922 1172.2471 254.539 1172.2471 82.292 62.036 15. ANALYSTS OF [OvEI ENT IN FUNDS Opening Ineorning Resources Balattee Rtsourcts E¥p¢llde Deferred TrASfer5 bthyten Funds 2023 21b22 Restricted Fllnds B¢lfast H1th & Social Care-frusl- Supponing F&milics Jos¢ph RO11T¢ Charitable Trtl Sustice & Equality Fund- ROSA St Stcphen's Gen Trust- Oiit and Aboiii tkpartmeiil for Commllniiits- Wotnen's R¢gion&l consort1M Solace Wonien5 Aid 1.793 95.620 96.665 149.937 185,3UI 117,5371 185.9871 12,028 1.793 179.128) 163,949} 8.963 8.963 101 9,166 ,963 94.478 29,717 196.0761 18.IEAI lJ98 11.5981 9,166 119,9541 9.166 19J22 466,416 1293.1491 1163,031 30.157 19,922 URre5triete(T General Funds- Sustainability 42,114 40.521 (30.501} 52.135 42.114 42,1 14 40,521 IJO.5011 52,135 TOT.4L FIINDS 62,036 506.937 323,6301 1163,0311 82.292 61.036 Pa8e 25
THE WOMEN'S SUPPORT IYETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EI NDED 31ST MARCH 2023 16. UNRESTRICTED INCOME FUNDS 2023 2022 Balance at I st April 20?2 31,454 Incoming resources for tlie year Resoiirces expended for the year Transfers between funds 40,521 24,065 (30,501) (13,267) (138) Balance at 31 st March 2023 52,135 42,114 17. RESTRICTED INCOME FUNDS 2023 2022 Balance at 1st April 2022 19,922 13,670 Incorning resources for the year Resources expended for the year Transfers between funds 303,386 275,724 (293,150) (269,610) 138 Balance at 31 st March 2023 30,157 19,922 18. RELATEI D PARTIES There were no related party transactions in the year that require disclosure. 19. LEGAL STATUS The Women's Support Network is a Company Limited by Guarantee. Each member has agreed to contribute £1 in the event of a compulsory winding up. The Women's Support Network is a recognised Charity within the definition of Section 360(3) Income and cooration Taxes Act 1970 by the Commissioners of the Inland Revenue. 20. CONTINGENT LIABILITIES Since incoOration the charity has received various revenue and capital grants. A contingent Ikability exists to repay these grants should the conditions under which thet are awarded are not achieved. 21. POST BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the year end. Page 26