THE WOLWIEN'S SUPPORT IYETWORK FINANCIAL STATEIWIENTS FOR THE YEAR ENDED 31ST MARCH 2024 ( A COITrlPANY LIlITED BI. GUAtL4f4TEE AND NOT HAVING A SHARE CAPITAL) COMPANY REGISTRATION NUMBER N1057580 CHARITY REGISTRATION NUMBER NIC 102763 O'HAIL4 SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 FALLS ROAD BELFAST BTII 9AB
THI WOIMEN'S SUPPORT NETWORK FINANCIAL STATEfvI[i INTS FOR THE YEAR ENDED 31ST IWIARCH 2024 CONTENTS Page Reference and Admin islai'tive Int'oiination Ti'ustees Aiiiiual Repoi't (iii¢lLid ing tlie Statemeiit of Dii'LCtors Responsibilities in respect of financial stateinenls) 2-10 Repoit of tlie Indvpendenl ALiditors to tlie le1be1,5, 11-13 Accountiiiu Policies 14-16 Stclteinent of Finaiicial Activities ( incorpoi'ating the incoine and expenditui'e accolint) Balance Slieet Statement of Cash Flows 19 Notes to tlie Financial Siateinenls 20-26
THE WOMEN'S SUPPORT NETWORK FlINAf4iCIAL STATENIENTS FOR THE YEAR li Ni 'DED 31ST LWIARCH 2024 STATEMENT OF ACCOUNTING POLICIES Accounting Convention and Bi¢ sis of Accounting Tlie tinaiicial staleinents liave beLli prep1( red Lindei. tli¢ liistori¢al cost coiivenlion. Tlie tinancial stateinents have been prepared in aLcordance witli Accountingy and Repoiling by Chai'ities.. Statement of Recorninended Pi'actice applicabl¢ to cliarities prepai'ing theii. accoLints in accordance with tlie Financial Reporting Staiidard wliich applies in tlie UIC and Repiiblic of Ireland (FRS 102) (effective l Jaiiliai'y 201 i) (Chai'ities SORP (FRS 102)), tlie Financial Reporting Staiidard applicable in tlie U K and Repiiblic of Irelaiid (FRS I O?) and tlie Coinpanies Act 2006. Going Concern Ai tlie tiine of approviiily tlie tinancial statements. tlie trustees, liave a reasonable expectation tliat tlie charity lias adequclte re5011rces to continue in operational existence foi. the foreseeable t"uture. TIILIS thL Iriistees, contlllLie lo adopt the goinu concern basis of aecoiintiiig in preparing tlie tinancial statements. Ineome Rei'ognition IncomL IS I'eLoTrnised ivhen Ili¢ Cliarity IILlS eniitlLment lo the fiinds. any pei-tormance conditions atta¢h¢d to tlie itein(5} of income have been Inet, it is pi'obable tliat tlie iiiLomc w ill be received aiid Ilie aillount can be measiii'ed rel iabl>. Interest Receivable Iiitei'est on I"uiids lield is included when reLeivable and tli¢ amouni can be measured reliic bly; this is noiTnally iipon notification of the intei'est paid or payable by the Bank.. RL'sources Eipended Exp¢nditLlI'L is recognised on an acLriials basis a liic bility iii iiiLiirr¢d. E.KpeiidilLire inLILides any V AT wliich cannot be fully recovered, and is classitied Lind¢r lieudings of tliL Stat¢meiit ot. tiiiancial activities lo ivliiLli il relates: ¢.xpei)ditui'e on raisiniy fiinds inGILides tlie eosts of 1<11 tuiidraising activities, events, and non-charitable Iradingi activitiLs. and the sale ot donated goods. ¢xpenditLire on cliaritable activities iiicllides all costs incurred by a cliarity in Linderlaking activilies iliat fLlrther its charitable aims for tlie benefit of its benetiLiaries, includingy those support costs and costs relating to the governance of tlie govei'nance of tlie cliarily appoitioned to cliaritable activities. other expenditlire includes all expenditure thlct is neiilier I'¢l<lled to rai5in& tuiids foi. the charity noi. pait ot its e.xpeiiditLire on cliai'it<ible activities. All costs al'e allocated lo expenditur¢ categories reflecting the use of the resoui'ce. Direct costs atti'ibutable to a single activity are allocated directly to that activity. Shared costs are appoi'lioned between the activities they contribute lo on a reasonable, jiistifiable and consistent basis. Fiyed Assets All langyible fixed assets are recoi'ded at cost. Page 14
THE WOIWIEN'S SUPPORT NETWORK FINANCIAL STATEi[1,1Ts FOR THE YEAR ENDED 31ST IMARCH 2024 STATEMENT OF ACCOUNTIING POLICIES ContinuLI(I Depreciation Depi'ecialion is calciilated to wi'ite otl" tlie cost ot tixed assets over Iheii. estliated usefiil lives at tlie fol lowing rates.. Fixtiii'es c1nd fittings Equipinent 250/0 Siraight line 25 /0 Sti'aiglii line Repairs and Rene)vals All i-epaii's and I'enewals are writtei) otf as illCLlI-red Pension Costs: defined contribution plans Conli'ibutions to defiiied contribiition plans al'e recogyiiised as an expense in tlie pei'iod iii wliicli tlie I'e11¢ ted sei'vice is pi'ovided. Pi-epaid conti'ibiitions al'e I'ecogii ised as 1( li asset lo tlie extent tliat tlie prLpayineiit VIll lead to a i-edLlCtioii iii ILItLlI'e payinents oi. a casli relund. Wlien conti'ibiitions al'e not expected to be settled Nvliolly witliin 12 Inontlis of tl)e end ot" tlie reporting date in wh ich tlie einployees I'endei. tlie I'elated sei'vice. Ilie liabi l ity 15 measiii'ed on a discounted pi'esent valLie basis. Tlie iinwinding of t17c discoiinl is recoginised as a17 expense in tli¢ period in wliicli it arises. DLbtors and Prep:iyments Ti'ade dLbtors cind oiliLI' del)tors al'e I'ecoLynised at the settleinent ainolint due aflei. any discount ottered. Pi'epaymLnts are valiiLd at tliL aimoLinl pi'epc1id iiel ot. any ti'ad¢ discoiiiits di1¢. Creditors and Provisions Creditoi's and pi'ovisions al'e I'ecogynised wliei'e tlie chai'ity has a pi'esent obligation I'esiilting froin a past event tliat w'ill pi'obably I'esiilt in tli¢ ti'ansfei. ot tunds to a tliii'd party and tlie ainoiinl diie to settle Ilie obl igatioll C1( n be iiie¢lSLired oi. estllll£lted I'eliably. Ci'editoi-s and provisions are noriMally recogn ised at tlieii. settleineni ai)iount atlei. al loiviiigy toi. any ti'ade d iscouiils diie. FinanLial Instruments Tli¢ Cliarity on ly lias financial ass¢¢s aiid tinancial liabilities of a kind tliat qLiali fy a5 basic tinancial i115ti'um¢nts. Basic f Inancial insti'iiineiits are in itial Iv recognised at tran5actioii value and subsequently mea511red at their 5ettleinent valLie witli tl)e exception of bank louns wliiLli al'e SLibseqLILntly measured at ainortised cosi usingj the effective interest method. Foreign Currencies Monetai'y asset.s and liabilities in foi'eign currencies are ti'anslated into sterling at the rates of exchange ruliiig at the balance slieet date. Ti'ansactions in foi'eign CLirreiicies are translated into sterling at the rate of exchan(ye ruling at tli¢ date of the ti'ansaction. Excliange dit"fer¢nces are taken into accoiint in arriving at the net moveinent in funds. Pagye 15
THE WOMEN'S SUPPORT NETWORK FINANCIAL STATEIVIENTS FOR THE YEAR EI NDED 31ST I[ARCH 2024 STATEMENT OF ACCOUNTING POLICIES Coiiliiiiiecl Fun(1 Accountino Uiiresti'icted fiiiids al'e geiiei'al funds tliat are available for iise at Ilie Trustees, discretioii in f11111ieraiice of the objectives ot. Ilie cliarity. Desiu?nated fLinds ait iiiii'esiricied tLinds set aside by Ilie trLlStees OLIt of uiii'esli'icied fuiids foi. specific fLItLlI-e projects or coinimilinenl. Resii'icted fiinds are SLibjected to resli'ictions on Ilieir elpesiditiire declared by tlie donor oi. tlii'oLlg71i tlie ternis of an appeal, and fall iiilo oiie of two SLib-classe5: restricted incoine fiiiids or endoiviiiment funds. Incoming Resources All iiicoimis117 i-esoLirces are included in Ilie statemeiit of finaiicial activities wlieii ei)lillemenl lias passed lo the chai'ity,. it is pi-obable Iliat tlie ecoiiomic beiiefils associated witli ilie traiisactioii will flow lo tlie chai'ity and tlie ainounl Can be I'eliably measLired. The followiiig7 specific pol icies are applied 10 particular categories of incoine: iiicoine fi'oin doiidtioiis or yii'aiils is reLob?i)ised wheii tliei'e is evidence of eniitleinent lo Ilie b?jft, receipt is pi'obable aiid its aimoLllIt can be nieasLlI'ed reliably. leoacy iiicoine is recognised wlieii I'eceipt is probable aiid enlitleinent is eslablislied. incoine fi'om donated goods is measLired 1£ I tlie fair value of the goods Liiiless Iliis is iinpraclical 10 ImLasLlI'e I'eliably. iii wliich case Ilie V<ilLie is derived froiii Ilie cost lo Ilie donor oi. the esliinaled resale valLie. Donated facilities 7¢ nd seivices are recosinised in ilie accouiits wlien received it tlie valiie Ccin be rel iably Ineasui'ed. No ainouiils are inclLided for Ilie conii'ibution of byenei'al volLiiileers. iiicome froin coiiti'aL15 lor tlie siipply of services is recogynised willi Ilie delivery of the coiilra¢led service. Tliis is cl¢issified as iiiii'esli'icted flinds iinless there 15 a coiili'actiial I'eqiiii'e111eiil for il lo be spliit 01) a partlCLilai' PLifp05e <ind I'elLlI'iied if iinspenl. in ivliiL11 LdSe it Inay bL I'egFai'ded a% resli'icled. Reserves Policy Iii l iiie i¥itli gjood pi'aclice Tlie Womeii's SLippoiI Nelivork aims 10 build aiid retain a level of iiiii'estriLted reserves tl)ai Inatch tl)e needs of tlie org7aiiisalion boili at tlie ciirr¢iit liinL aiid in tlie fLilui'e to InLei statuloiy oblig£ltioiis for boili staff aiid SLippliers iii these tiines of fuiidiiig uiieertainty. These iiiclude: SiatLltory R¢diiiidancy' Salai'ies ai)d Peiisions: and Org7<iiiisalional Runiiiiig Costs Resei'ves will be moiiitoi'ed oli <111 onbyoingv basis by Ilie Fiiiance ai)d Pei'soiiiiel Ti'usiee siib-byroiip aiid an ovei-view presented by Ilie Opei'alioiial Directoi. al Trustee Boai'd Ineetiiibys lo ensiire the progres5 lowai'ds target level. Page 16
TFII.- II'OIILN'S SL PPI)RT NI ETII'()RI ST.4TEiifJT or riN..INci..11. .-Kc'rii'iTIF.. FOR TI.IF V'E,IR C.N't)ID JIS I II 'l.-IRCH ZI)24 L'ndiiure Act0t L'nrestricled RL'5tricled Endoivntnent Fund Fuiids TO'f.-IL TO'f.-IL 2Q24 20?3 INCOfvII ,INI D ENI I)OIN'NNIEIN'TS fROh.I: Donaiir)ns ond legacies loi 103 249.¢1?7 286.?76 i40.488 i'o'r.4L INCONIC,IND ENDOII'NIllENI TS 36.451 249,927 286,378 343.1)117 CXPEI NDITI.'RE OIN,: E¥pLndiiur¥ oil raisinb liiniJ% 11.4?7 26j.?52 ?74.07C) 3? j.651 Oilier ¥.KpeiidiiuiL Net gainJllusbeJl 011 illVL4iiiiinis TO'f..IL RESOIIRCEI.S EXI'ENI DED 11.4!7 26J.?52 274.679 323.651 NI,-I- IICOINICI IIENPL Trl Dl-I'lIREI 25,1124 I lJ,32.$1 11,69 21I,25(J Traiislir% belin fuiids Nf'l. INlOI.'r.i.11."y'r IN fiiNI DS 2S.1124 113,32.$1 2D,2.511 RE(."ofCILI,ITION or rLlIN'r)s TO'f,IL fuND% BR()I,'CJllT foRIV,IRD 52.135 30.157 82.1y2 62.03(? i'nT.-11. FL,'TrD.4 C,IRIIIFD FORIV,IRD l (Tr,R32 93,9l)I 112.292 Si:It¢ment fjl"I'ot.'Il IleioKniiLd CJlljll.¥ L(bi¥es l)ll% nnl l)e¢n preijiired All of ilic, iinii)unt% r¢Ite to af tiviil¢y PagL 17
THE NVOMEN'S SLIPPORT NETWORK BALANCE SHEET AS AT 31ST MARCH 2024 2024 2023 NOTII S FIXED ASSETS Tangible assets CURRENT ASSETS DLbtoi's and prepayinent5 Casli at bank and in hand 12 8.396 4,0?2 195.890 250,517 204.286 254,539 Creditors: amounts falling due ivithin one year 13 (110.295) (172,247) NET CURRENT ASSETSI(LIABILITIES) 93.991 82.292 TOTAL ASSETS LISS CURRENT ASSETSI( LIABILITIES ) 93.991 82,292 CrL'ditors: amounts flllling due al'ter more than one ye#r NET ASSETS/(LIABILITIES) 93 1)91 82,292 FUNDS: ENDOWNMENT FUNDS UNRESTRICTED INCOME FUNDS 14115116 77,159 52,135 RESTRICTED INCOME FUNDS 14115117 16,832 30,157 93,991 82,292 li¥se finanLial stateineiits werL approved by tlie Ti'iistees on 19tli DecLmb¢r 2024 /y44, @ed bel all'by: Tanya Hughes Trustee DATE 19tli Dcceinber 2024 The 'iccompRnying :Iccountlng polleles lind notes form p'.Irt of tlie5e fininelil stitement5 Pa(ye 18
THE WOIMEN'S SUPPORT NETWORK STATEMEI IYT OF CASH FLOWS FOR THE YEIAR EI NDED 31ST MARCH 2024 2024 2023 NOTES CASHFLOWS FROM OPERATING ACTIVITIES Cash generated fi'om operations io (54.627) (55,085) Net cash inflow/(oLiiflow) fi'om operating7 activities (54,627) (55.085) Investing Aetivities Inve5tinent income Pui'chase ol" tangible fi,xed assets Prioi. yeai. adjustment Acquisition of iiivesliiients Disposal ot" iiivesiinents Disposal of tanglible fixed assets 19 Net cash from investing ULtivities Increasel{deereiise) in e#sh anil cayli equivalents in the yetsr (54.627) (55,085) Cllsh and Cash equivnlents at the beginning of the yegr 250,517 305.602 Cash nd cthsh ¢quivalents at the end of the yLtyar 195,890 250,517 RelalingT to: Cush at bunli &nd in hand 195,890 250,517 The occompnnying ilLtounting policies find not¢5 f(brm pstrt oftliese finiin¢inl st.gtemLnts Page 19
THE MIOfvIEN'S SUPPORT IYF.TWORI "OTCS TO THE FlIN.4IN CIAL ST,ITEtwlENTS FOR THE I'EAR ENDED315TTrIARCH 20Z4 I. DON.4TIONS AND LEGACIES Unrestricte(l Restrieied Funds lJnrestricted Restricted unds 2024 2023 Doniiiii)ns l.'u1idrI$lng 103 103 1.9iO 1.469 3.419 103 103 1.950 1.469 2. INCOlE FRO1 INvESTlENTs Unre%tricted RestriLted Fiinds Unrcstricted Resli'icteil Fund uiids 2024 2023 Inioine Iroim UK IisiLd invLsrmLnts 3. INCOTrIE fROMI CHARITABLE ACTIVITIES Unr¢5trict¢d Re51rieted Funds Funds Uiirostrieted Rcstrictcd Fuiid$ Funds 2024 2023 13Llla5t l.ILJlili &. SoLial CarL Tru&i- Supi)ortii)g fiiinilies Jo.£LplI Ro111.lL Cliai'ilul)Ii Tru.st Jusiicl & Equillilv flind- ROSA JX'i)ill'lll)¥ni lai. Coinniuiiiti¥s- Woin¢ii's Ri811)nal Cons(Iriiuin WIiiiiLIis Risoui'c¥ & Divel(>pin¥nt Ab>enLy D¢i?al'llllLni ol. Fi)rLign Allairs- WoinLns Plallorin oliiLe WoiiiLns Aiil UK 8PI". IIIoiTiin BrLakii)bi BarriLrs IWRDAI 6.3()5 i)11.1)74 79.128 105.369 9).620 100.81?0 96.()f)5 96.665 148.4()7 148,4()7 94.478 33.331 63,949 ¥8.204 88.204 33.331 10.000 19.953 10.000 l ¢J.953 ?7.50Y 29.717 29.717 ?7.509 L.¥bs' DLlii'rLd IIiLnmL I IU7.8371 1107.8371 1163,0301 116.1.11301 3fy.34,¥ 249.917 280.276 38.571 3111.917 3411.4811 4. INCOfvIE FROTrI l OTHCR TRADSYI G ACTIVITIES L'nr¢stricted Ro$trieted Lnreslri¢t¢d Re%tricted 2024 2023 Rooin Hill PagL 20
I-FIE 11.'()IllEN'% SI'PPOII'I. NE'I'II.'ORE NO-I'ES I-()'I'IIL I.-IN.INC'I..11. SI-.ITCIIF.INI-S I,'OR'I'klL I'E,IR LN l)r.D 31 ST IJ.4RC.FI 2024 S. IXPIYDI'fi'RE ()NI 11415ING fi I INDS Ilni'c%lriot¢d Rcstricled li und% l.'ni'c%ti-ictcd Re5ti'i£led Furtds 2024 2U23 Pruniolional and lundrJibing Losts 6. CNPLNDII'L',I£L OIN CI.I..KIIIT,IBLL AC.T[.1TlEs runi15 2024 Aclivili¢.¥ iiiiil¢rl(Ih¢ii ilir&tilJ' WJbp¢% Jiid SlL larii 171.586 17.430 14 j.356 1 ()? 786 15.89? 8.519 10.054 10.967 7,IU7 3.923 EnipluvLrs pen5iQli Losrs 43 7.149 3.9?3 1.04(1 249 7.473 9.%115 82.037 741 8.90? 749 801 1.827 60i 1.226 550 2.850 291 82.037 741 8,902 843 801 l.R27 603 3.617 550 2.850 291 2.??? 4.585 In.%iii'JnL RLlIt Elnd b¢rviLe Chargis pii>ablL ,Sialii)ner}' poslase 87 1,735 7¥7 8,731 597 2¥4 874 597 348 94 64 70(1 61)2 701) 692 -1'1'¥lVLI expLll5e5 riLeluncb I'-undraiser 1.500 1.500 Un5111nLr LouiILiI lociig gri)up r)Lbt IiiLIis Broups 1.057 1.057 2.22? 4.585 1.308 2.90 4U 1.308 2.900 2,432 338 638 270 68 (138 1)6 6.395 35 93 18Q 5.240 MJii4ig¥Tllilil li¥$ 5iindi'y L.NPLnsLs 272,349 28tJ,ND4 JI8,96S Siippijrl L'lJ.%1s LLbal and pi'olibsiondl I¢Ls DLprLciJlii)11 aiid impairniLnt Bank iniLrL'51 dnd LIIuTblL5 2.400 2.413 387 387 273 286 2.838 GIivL'riiiiiic'e crfjsis 277 277 1.667 1.667 1.944 1.944 54 54 1.794 1.794 1.848 1.84R 'r(*tiil sUPPOI't gov¢i'naD¢t t(b¥l.¥ 27(> 2,33 34 4 J46 4,686 TOTklL FNI'I4 INDITLIRC (.'IIARI-I.:KnLf.,ICTI'1TVEs 11.427 2(kJ,252 274,67() 311.501 zI)3,150 323,6$1 PagL21
THE WOLWIEN'S SUPPORT NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ELNDED 31ST MARCH 2024 7. NII T {OUTGOING)/ INCOLWIING RESOURCES FOR THE YEAR ThÈs Is stated after chargin(vl(creditin(y) 2024 2023 Auditors remLineration Depreciation 1.944 1,848 8. SALARY COSTS AND EMOLUMENTS 2024 2023 Totdl staff costs were as follows: WaTres and salaries - key management personnel Wages and salai'ies - otlier staff Pension Costs - key Inanagemenl personnel Pension Costs - oiliei. siaft Einployei. social secui'ity costs - key management personnel Elmployer social secLirity costs - oiliei. stal"I' Einployei. social seLiii'ity costs - Si&2lLltoi'y Malei'n ity Pay Recoverabl¢ Einployer social secui'ily costs - Einployin¢nt Allowic nce 41.942 79,644 3.i09 3,840 4.533 6,493 41,451 121,335 5,314 4,685 11,206 139.761 187.195 The average rnontli ly nuinber of einployees dui'ing) Ilie yeai. was as fol lows.. 2024 Number 2023 Number No employees had einoluinents in excess ot"£60,000 (2023: £Nil) Staff remuneration and benefits Icey mi1nagernent pei'sonnel inclLide all pei'50ns that liave autliority and responsibility for planiiing, directing and controllin&F the activities of the Chai'ity. Trustees, remuneration and benefits There was no trustees, I'eiLi17¢i'ati0n oi. other ben¢fit5 for tlie year ended 31 st March 2024. (2023.. £N i l) Trustees, Expenses Tli¢re were no trustees, expenses paid for ihe year ended 31 sl March 2024. (2023.. £N il) Page 22
THE WO7E,s SUPPORT NETWORK NOTES TO THI FINI ANCIAL STATEITrlENTS FOR THE YEAR ENDED 31ST fvIARCH 2024 9. TANGIBLE FIXED ASSETS Pi'einises Iinpi'oveinents Equipmeiil Total COST As at I si Api-il 202) 1.578 44,113 45,691 Additioiis DisposaSs As at 31 st Mai'ch 2024 1,578 45.691 DEPRECIATION As al I sl Api'jl ?023 1,578 44.113 45.691 Cliai'gye for yeai. Eliiniiiated oli disposal As al 31 st Marcli 20?4 1,578 44.113 45,691 Nel book value 2024 Net book value 2023 10. RECONCILIATION or OPERATIIYG PRofiT TO NIT CASH FLOW FROM OPERATING ACTIVITIES FRO1 OPERATING ACTIVITIES 2024 2023 Opei'alinby SLiiyILisI(Deficit) for Il)e year Depre¢iatioii aiid iimpairiiient Moveinent in debtoi's Movement iii ci.edi1013 Gaiii oli iiivestiiienls (Pi'ofit)ILoss on disposal of Fixed Asset5 Iiivestnient iiicoine 11,699 20,256 (4,374) {296) <61,952) (75,045) Nel Cash inflow/(outflow) from operating activities (54,627) (55,085) Page 23
THE WOIWIEIN'S SUPPORT NEI TWORK NOTES TO THL FIN.4NCIAL STATEMENTS FOR THE YEAR ENDII D 31ST MARCH 2024 11. BANK AND CASH 2024 2023 AIB N I Siistainability AccoLllIt A l B Nl Rclpe Ci'isis Sei'vice N I AccoLint AIB NI EHSSB Accoiint AIB Nl Ciiri'ent Accoiint- TWN-DtE/Consoi'tlLim 79.047 74,190 103.819 153.043 8.438 16,048 4.586 7.236 195,890 250,517 12, DEBTORS: AMOUNTS FALLILYG DUE WITHIN ONE YEAR 2024 2023 Debtors Pi'Lpayments and acci'Lied iiicoin 3.153 869 2.149 8.396 4,022 13. CREDITORS: AMOUNTS FALLING DUE WITHIP4 ONE YEAR 2024 2023 Taxation and social secui'ity Costs Acci'LILd LXPLnsLs Deferi'ed iiicoine 5,333 2.458 3,884 107.837 163,OJO 110.295 172.?47 Pagye 24
TIIE Ii'oiirN's si'pi)OR'f iE'rii'oiii TF.S Tll"fiiF. ri),KNI Cl..11. ST.ITF.IIENI'S FOR THE I'F...IR F.NDF.D 31ST VI.4RCH ?11?4 14. .4.N.ILI'SIS OF INET.4ssfTS BI. FI',NI) Fixtd.45SL'fy Clli'reTrr bi'tti'E<n fun(Is 77.159 127.127 77.li9 16.837 52.13) 3Q.157 204.28() 93.991 Pa8L 25
THE NVOMIN'S SL'PPORT NETNVORK NOTES TO THI FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST IWIARCH 2024 16. UNRESTRICTED IIYCOME FUNDS 2024 2023 Balance at 1st April 20?" Incoining resoLirLes for the year Resources expended t'or the year Transfei's between funds 36,451 40,5?1 (11,4?7) (JO.iOO) Balance at 31 st March 20?4 77,159 17. RESTRICTED IINCOME FUNDS 2024 2023 Balance at 1st Api'il ?0?" 30,157 19,9?2 liicoming i'esolii'ces t"oi' the year Resolirces expended foi. tlie year Transfers between funds 249,9?7 303,386 (?63 ?52) (?93.15 l) Balance at 3 Ist Mai'Lh 20?4 16,83? 30,157 18. RELATED PARTIES Tliere were no related paity ti'ansactioiis in tlie year tliat reqliire disclobLlI'e. 19. LEGAL STATUS Tlie WoiiiLlI'S SLlPPOrt Network is a Company LiniitLd by Giiai'antee. E£iLlI niembei- liab agreed to conti'ibute £ l in the event of a compulsory windinby up. The Women's Support Network is a recog)iiised Charity Within the definition ot"Section 360(3) Income and Corpoi'ation Taxes Act 1970 by the Commissioners of the Inland Revenue. 20. CONTINGENT LIABILITIES Since iiicoi'poralion tlie cliLirity has received varioiis revenuc and capital L?rants. A contingent liability exists to i'Lpay thLSL g)raiits sliould the Londitions LindLI- wliicli tliel al'e awai'ded al'e iiot acliieved. 21. POST BALANCE SHEET EVENTS Thei'e have been no sig7nificant events affecting tlie Charity since ilie yeai. end. Page 26