THE WOMEN'S SUPPORT NETWORK FIIYANCtAL STATEMENTS FOR THE YEIAR EI NDED 31ST MARCH 2023 ( A COTrIPANY LIMITED BY CUABANTEE AND IYOT HAVIP4G A SHARE CAPITAL) COMPANY REGISTRATION NUMBER NI 057580 CHARITY REGISTRATION NUMBER NIC 102763 O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 FALLS ROAD BELFAST BTII 9AB
THE WOMEN'S SUPPORT NETWORK FINANCIAL STATEMENTS FOR THE YEIAR ENDEI D 31ST MARCH 2023 CONTENTS Page Reference and Administartive Lnformation Trustees Annual Report (including the Statement of Directors Responsibilities in respect of financial statements) 2-10 Report of the Independent Auditors to the Members, 11-13 Accounting Policies 14-16 Statement of Financial Activities (incorporating the income and expenditure account) 17 Balance Sheet 18 Statement of Cash Flows 19 Notes to the Financial Statements 20-26
THI WOMEN'S SUPPORT P4ETWORK FINANCIAL STATEMENTS FOR TFII Y[*AR ENDED 31ST MARCH 2023 RIPORT OF THE INDEPENDENT AUDITOR TO THE MEiVIBERS' Opinion We have audited the financial statements of The Women's Support Network (the 'charity') for the year ended J l March 202) which Comprise the Statement of Financial Adivities, the Balance Sheet, the Stateinent of Cash Flows and the notes to the financial statements, including a summaiy of significant accounting policies. The financial repoiting frainework that has been applied in their preparation is applicable law and United Kingdom A¢¢ounting Standards, including Financial Reporting Siandai'd 102 Thefinancial Repoi'ling StQFFdard applicable in ihL? UK and Republic ofli'eland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair view of the state of the ¢harilable company's affairs as at 31 March 202J and of its incoming resources and application of resources, includtng its income and expenditure for the year then endcd; have been properly prepared in accordance with the Financial Reporting Standard applicable in the UK and RepLLblic of Ireland (FRS 102) (effective l Janaltary 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). have been prepared in accordance wtth the requirement5 of the Cornpanies Act 2006. Basis for opÈnion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities lor the audit of the accounts section of our report. We are independent of the charity ill accordance ivith the etliical requireTnenls that are relevant to our audit of the accounts in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities accordance with these requirements. We believe that the audit evidence we have obtained is sufficienl and appropriate to provide a basis for our opinion. Conclusions relatin¢F 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 accounting in the prepardtion of the financial statements is not approprixte- or the trustees have not disc105ed 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 accounting for a period of at least twelve months froTn the date when the fEnancial statements authorised for issue. Other information The other inforination comprises the information included in the annual report, other than the financial statements and our auditovs report thereon. The trustees are responsible for the other infonytation. Our opinion on the fiT]an¢ial statements does not cover the othei- information and. except to the exlent otherwise explicitly slated in our report, we do not express any fortn of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other infonnation and, in doing so, consider whether the other infonnation is materially incoosisÉent ivith the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent Tnaterial mis5tatemenls, we are qUIred to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, bed on the work we have perfomied, we conclude that there is a material misstatement of this other information, we are required to report Ihat fact. We have nothing to report in this regard, Pagell
THI WOMEI N'S SUPPORT NETWORK FINANCIAL STATEfvtENTS FOR THE YEAR ENDED 31ST MARCH 2023 REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS, Mgtters on ivhich ive are required to report by exeeption In the light of the knowledoe and understaiiding of the Trustees aiid its ¢nviroTtment obtained in the course of th¢ audit, we have not identified material Inisstatements in the Trustees, Report. We have notliing to report in respect of the following Inatters in relation to which the Companies Act 2006 requires u5 ÈO report to you if. in our opinion: sufficient accountinL¥ re¢ord5 have not been kept; or the financial statements are not in aoi'eeinent with the accountin(F re¢ords' or certain disclosures of trustees, remuneration specified by ILW are not made. or we have not received all the inforn)ation and explknations 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 purpose of cotllP3ny law, are responsible for the preparation of tlie financial sratements and for beinu satisfied that they give a true atid fair view. and for such intemal Control as the directors detemiine is necessary to enable the preparation of finaneial statements that are free froin material misstatement. whether due to fraud or ei'ror. In preparing the financial st2teinents, tlie trustees are responsible for assessing the charity's ability to eontinue as a going oncern, disclosing, as applicable, matters related to going coneem and usiniF the goino concern basis of accounting unless the trustees either intend to liquidate the company or to cease operation5, or have no realistic altemative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material mi55tateinenL whether due lo fraud or error, and to issue an auditor's report that includes our opillion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always delect a material misstatement when it exists. Misstateinents Can arise frotn fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence t5)e eeonomic decisions of users taken on the basis of these fmancial statements. Irreoularilie5, including fraud. are instances of non-cornpliance with laws and regulations. We desion procedures tn line with our responsibilities, outlined above, to detect inalerial misstatements in respect of egular1t[eS. including fraud. The extent to which our procedures are capable of detecting itrecyularities, including fraud, is detailed below. Explanation 85 to wh8t e%tent the audit was considered cgpable of deteeting irregularities, including fraud The objectives of our audit in respect of fraud. are to identify and assess the risk5 Qf material misstatement of the financial stxtements due to fraud. to obtain sufficient appropriate audit evidence reEardints the assessed risks of material mis5tat¢Enent due to fraud, through desianin(F and implementing appropriate responses to those assessed risks- and to respond appropriately to instances of fraud or siispected fraud identified during the audit. Howev¢r, the primary responsibility for the prevention and detection of fraud rests with both management and those char(Fed with . overnance of the Charity. Our approach wa5 a5 follows: We obtained an understanding of the legal and regulatory requirements applicable to the charity and considered that the most signifscant ar¢ the Companies Act 2006 and Ihe Financial Reporting Standard applicable in th¢ UK and Republic of Ireland {FRS 102) (effective l Janaury 2015) - (Charities SORP (FRS 102). Enquiry of management, those charged with governance and the entity'5 solicitors around actual and potential litigation and claims. Enquiry of entity staff in compliance functions to identify any instsnces of any non-complian¢¢ with laws and regulatiotts. Reviewing financial statement disclosure5 and testing to supporting documentation to a55e5s Compliance with applicable laws and regulations. Page 12
THEW 'S SUPPORT NETWORK FINANCIAL STATEMENTS EAR ENDE 31 MARCH 2023 REP RT HE INDEPENDEN UDITOR TOT MBERS, AuditÉng the rssk of management override of controls. including thmugh t¢Sting joumal enlries flnd other adjtsstments for appropriateness. and eValu]ng th¢ business rational¢ of significant trans8Ctions outside the nomTral cours¢ of business. As t)art of audit in accordance with ISAS {UK) we exercise pffkfession8i judgement and maintain professional sc¢pli¢ism throughout thc audit. We olso: Identify and assess Lhe risks of material misstatement of the financial statements, whth¢r due to fraud or ¢rw. design and perfom audit piD¢¢dures responsive to those risks. urjd obtain audi( evid¢n¢¢ that is sufficien( and appropriate io pN>vide a b15 for our opinion. The risk of Dot d¢t¢cting a material mi$5¢atcment resulting fn)m fraud is higher than foron¢ Ul1]ng fTom error. as fr&ud may iT)volve collusion, forgery. intentional omissiofts, misrepresentations, or the ov¢rride olinternal control. Obthin an undcrstanding of internal control r¢levant to the audit in ord¢r to design audit proc¢dur¢s that a appropriat¢ in the circumstonee5. but noi for th¢ purposes of expressing an opinion on th¢ ¢ffcrtiv¢nes5 of the Cotnpany's internal conttrjl. Evaluate the appropriateness OraoUntIng Folicies used and th¢ r¢asonableness of accounting estimates and r¢lated disclosures made by the dir¢¢tors. Concludr on the apprOpriatenS of the directors, us¢ of the going concern basi5 of accounting and. based on th¢ audit evidence Obln¢d. whether a maria[ uncertainly ¢xists related to eycnts orwnditions thai may c1 significant doubt on th¢ ¢harity's ability to cofttinue as a going concem. If we conclud¢ that a moterial unc¢rtainty exists, we are required lo draw attention in our atsdÉiols report to the Erlaled di5closur¢5 in the financial sttttements or, if such disclosures are inudequale. to modily our opiTrion. Our nclusIOnS are based Im ihe audii evidence obtained up to our auditoV5 rqxJrL Hoivever. future evenis or conditiofis mav cause the charity to ce tu etsntinue as a going con¢em. Evu#te the oyerdll PTesentaiion. stniLlure and contcnt of thL financi£a siaternents. including the disc105urcs. and vhetherthe fjnancial statements represent the underlying tra1cli0nS and events in a manner that achiEve5 fair presentation. A further description of our respoRsibÈlities for the audit of the financial sl*Ltem¢nts is Ioc2ted on the Financial Rew>rting Council's websitc at: httpJlWTr.fre.O.uklttudltorSr¢sponSlbll1tles. This description forn)s part of our auditovs repotl. We communicate with those charged with governance regarding. among other tnatters. the planned SCO and timing ol the audit and significwjt finding5. inLluding any signifacant defici¢ncies in iniemal control that we identify during our audiL Use of our report This retK)rt 15 made solely to the charitabl¢ ¢ompany's membeTS, ès a b(v. in accordance with Chapt¢r 3 of Part 16 of the Companies Aci 2006 and regulati0115 made Under that Act. Our audit Work has bcen unde%kert so thal w¥ mighÉ state to th¢ ehAritable CoMpanS members those tnatters we are required sthte to ihem in an al1t0. rert und for no other purpose. To the full¢st extent perniitted by law. we do noi accept or assume respoH5ibility to anyone other than thc charitable company andi m¢inbers as a . for our audit WOTL for this reporL or for th¢ opinions we h&ve fornied. LAW NCE SHEARER F.C., Sertior Statutory Aud&tor FOR Af+lD ON BEHALF OF O'HARA SHEARER, Statutory Auditor O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 Falls Road Belfast BTI 19AB DAted: 22nd January 2024 Page 13