THE WOMEN'S SUPPORT NETWORK FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
(A COMPANY LIMITED BY GUARANTEE AND NOT HAVING 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 BT11 9AB
THE WOMEN'S SUPPORT NETWORK FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
CONTENTS
Page
Reference and Administartive Information ]
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|Trustees|Annual|Report|2-10|
|(including|the|Statement|of Directors|Responsibilities|
|in|respect|of financial|statements)|
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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
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|Balance|Sheet|18|
|Statement|of Cash|Flows|19|
|Notes|to|the|Financial|Statements|20-26|
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THE WOMEN'S SUPPORT NETWORK FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 STATEMENT OF ACCOUNTING POLICIES
Accounting Convention and Basis of Accounting
The financial statements have been prepared under the historical cost convention.
The financial statements have been prepared in accordance with 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 Republic of[Ireland][(FRS][102)] (effective 1 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 accounting in preparing the financial statements.
Income Recognition
Income is recognised when the Charity has entitlement to the funds, any performance 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 measured 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 paid or payable by the Bank.
Resources Expended
Expenditure is recognised on an accruals basis as a liability in incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings ofthe statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, and non-charitable 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 its beneficiaries, including those support costs and costs relating to the governance of the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Fixed Assets
All tangible fixed assets are recorded at cost.
Page 14
THE WOMEN'S SUPPORT NETWORK FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
STATEMENT OF ACCOUNTING
POLICIES (Continued)
Depreciation
Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives at the following rates:
Fixtures and fittings Equipment
25% Straight line 25% Straight line
Repairs and Renewals
All repairs and renewals are written off as incurred
Pension Costs: defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the 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 the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding ofthe 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 due.
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 to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade 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 recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective 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 rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the net movement in funds.
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THE WOMEN'S SUPPORT NETWORK FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
STATEMENT OF ACCOUNTING POLICIES (Continued)
Fund Accounting
Unrestricted funds are general funds that are available for use at the Trustees' discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside by the trustees out of unrestricted funds for specific future projects or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endownment funds.
Incoming Resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
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:
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Statutory Redundancy;
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Salaries and Pensions; and
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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.
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THE WOMEN'S SUPPORT NETWORK
STATEMENT OF FINANCIAL ACTIVITIES (incorporating the income and expenditure account) FOR THE YEAR ENDED 31ST MARCH 2025
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|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Endownment|TOTAL|TOTAL|
|Funds|Funds|Funds|2025|2024|
|NOTES|£|£|£|=|£|
|INCOME AND|ENDOWNMENTS|FROM:|
|Donations|and|legacies|1|8,737|-|-|8,737|103|
|Income|from|investments|2|-|-|-|-|-|
|Income|from|charitable|activities|3|11,338|336,629|-|347,967|286,275|
|Income|from|other trading|activities|4|-|-|-|-|-|
|TOTAL INCOME AND ENDOWNMENTS|20,075|336,629|-|356,705|286,378|
|EXPENDITURE|ON:|
|Expenditure|on|raising|funds|5|-|-|-|-|-|
|Expenditure|on|charitable|activities|6|-|312,202|-|312,202|274,679|
|Other expenditure|-|-|-|-|-|
|Net|gains/(losses)|on|investments|-|-|-|-|-|
|TOTAL RESOURCES EXPENDED|-|312,202|-|312,202|274,679|
|NET INCOME/(EXPENDITURE)|20,075|24,427|-|44,503|11,699|
|Transfers|between|funds|9,489|(9,489)|-|-|-|
|NET MOVEMENT|IN FUNDS|29,564|14,938|-|44,503|11,699|
|RECONCILIATION|OF FUNDS|
|TOTAL|FUNDS|BROUGHT FORWARD|77,159|16,832|-|93,991|82,292|
|TOTAL|FUNDS|CARRIED FORWARD|106,723|31,770|-|138,494|93,991|
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The Statement of Financial Activities includes all gains and losses in the year and therefore a Statement of Total Recognised Gains and Losses has not been prepared
All of the above amounts relate to continuing activities
The accompanying accounting policies and the notes form part of these financial statements
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|THE|WOMEN'S|SUPPORT NETWORK|
|BALANCE|SHEET|
|AS|AT|31ST MARCH|2025|
|2025|2024|
|NOTES|t|=a|
|FIXED|ASSETS|
|Tangible|assets|9|-|-|
|CURRENT|ASSETS|
|Debtors|and|prepayments|12|19,171|8,396|
|Cash|at|bank|and|in|hand|11|207,490|195,890|
|226,661|204,286|
|Creditors:|amounts|falling|due within|one year|13|(88,167)|(110,295)|
|NET|CURRENT|ASSETS/(LIABILITIES)|138,494|93,991|
|TOTAL ASSETS|LESS|CURRENT ASSETS/( LIABILITIES|)|138,494|93,99]|
|Creditors:|amounts|falling|due|after|more|than|one|year|-|-|
|NET ASSETS/(LIABILITIES)|138,494|93,991|
|FUNDS:|
|ENDOWNMENT|FUNDS|-|-|
|UNRESTRICTED INCOME FUNDS|14/15/16|106,723|77,159|
|RESTRICTED|INCOME|FUNDS|14/15/17|31,770|16,832|
|138,494|93,991|
|These|fi|ancial|statements|were|approved|by|the|Trustees|on|15th|January|2026|
|and|are|¥igyied o|{theif|Nehalf|by:|
|A|[\/7|
|dks|/|DATE|=|15th January 2026|
|Trustee|
|The|accompanying|accounting|policies|and|notes|form|part|of these|financial|statements|
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THE WOMEN'S SUPPORT NETWORK STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2025
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|---|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|NOTES|£|£|
|CASHFLOWS FROM OPERATING|ACTIVITIES|
|Cash|generated|from|operations|10|11,600|(54,627)|
|Net|cash|inflow/(outflow)|from|operating|activities|11,600|(54,627)|
|Investing|activities|
|Investment|income|-|-|
|Purchase|of tangible|fixed|assets|-|-|
|Prior year adjustment|19|-|-|
|Acquisition|of investments|-|-|
|Disposal|of investments|-|2|
|Disposal|of tangible|fixed|assets|-|-|
|Net|cash|from|investing|activities|-|-|
|Increase/(decrease)|in|cash|and|cash|equivalents|in|the year|11,600|(54,627)|
|Cash|and|cash|equivalents|at|the|beginning|of the year|195,890|250,517|
|Cash|and|cash|equivalents|at|the|end|of the year|11|207,490|195,890|
|Relating|to:|
|Cash|at|bank and|in|hand|11|207,490|195,890|
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The accompanying accounting policies and notes form part of[these][financial][statements]
Page 19
THE WOMEN'S SUPPORT NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
| 1. DONATIONS AND LEGACIES | Unrestricted | Restricted | Unrestricted | Restricted | ||
|---|---|---|---|---|---|---|
| Funds | Funds | 2025 | Funds | Funds | 2024 | |
| £ | £ | £ | £ | £ | £ | |
| Donations | 8,737 | - | 8,737 | 103 | - | 103 |
| Fundraising | - | - | - | - | - | - |
| Legacies | - | - | - | - | - | - |
| 8,737 | - | 8.737 | 103 | - | 103 | |
| 2. INCOME FROM INVESTMENTS | Unrestricted | Restricted | Unrestricted | Restricted | ||
| Funds | Funds | 2025 | Funds | Funds | 2024 | |
| £ | £ | £ | £ | £ | £ | |
| Income fromUK listed investments | - | - | - | - | - | - |
| Income from cash | 3 | ; | : | - | - | - |
| 3. INCOME FROM CHARITABLE ACTIVITIES | Unrestricted | Restricted | Unrestricted | Restricted | ||
| Funds | Funds | 2025 | Funds | Funds | 2024 | |
| £ | £ | £ | £ | £ | £ | |
| Belfast Health& Social Care Trust- Supporting Families | 6,338 | 106,086 | 112,424 | 6,395 | 98,974 | 105,369 |
| Joseph Rowntree Charitable Trust | - | 70,317 | 70,317 | - | 79,128 | 79,128 |
| Justice& Equality Fund- ROSA | - | 37,520 | 37,520 | - | 63,949 | 63,949 |
| Department for Communities- Women's Regional Consortium | - | 106,366 | 106,366 | - | 88,204 | 88,204 |
| Department ofForeign Affairs - Womens Platform | 5,000 | - | 5,000 | 10,000 | - | 10,000 |
| Solace Womens Aid | - | - | - | 19,953 | - | 19,953 |
| UK SPF - Women Breaking Barriers (WRDA) | 80,594 | 80,594 | - | 27,509 | 27,509 | |
| Less: Deferred Income | - | (64,254) | (64,254) | - | (107,837) | (107,837) |
| 11,338 | 336,629 | 347,967 | 36,348 | 249,927 | 286.275 | |
| 4. INCOMEFROM OTHERTRADING ACTIVITIES | Unrestricted | Restricted | Unrestricted | Restricted | ||
| Funds | Funds | 2025 | Funds | Funds | 2024 | |
| £ | £ | £ | £ | £ | £ | |
| Fundraising and training | - | - | - | - | - | - |
| RoomHire | 7 | m | 2 | ” | 7 | = |
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THE WOMEN'S SUPPORT NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
| 5. EXPENDITURE ON RAISING FUNDS | Unrestricted | Restricted | Unrestricted | Restricted | ||
|---|---|---|---|---|---|---|
| Funds | Funds | 2025 | Funds | Funds | 2024 | |
| £ | £ | £ | £ | £ | £ | |
| Promotional and fundraising costs | - | - | - | - | - | : |
| 6. EXPENDITURE ON CHARITABLEACTIVITIES | Unrestricted | Restricted | Unrestricted | Restricted | ||
| Funds | Funds | 2025 | Funds | Funds | 2024 | |
| £ | £ | £ | £ | £ | £ | |
| Activities undertaken directly | ||||||
| Wages and salaries | - | 138,825 | 138,825 | 2,672 | 118,914 | 121,586 |
| Employers national insurance | - | 6,647 | 6,647 | 59 | 10,967 | 11,026 |
| Employers pension costs | - | 7,938 | 7,938 | 43 | 7,106 | 7,149 |
| Volunteer costs | - | 3,769 | 3,769 | - | 3,923 | 3,923 |
| Women's Centres distribution | - | 99,252 | 99,252 | - | 100,121 | 100,121 |
| Insurance | - | 934 | 934 | 87 | 787 | 874 |
| Rent and service charges payable | - | 10,466 | 10,466 | 1,735 | 8,731 | 10,466 |
| Stationery and postage | - | 2,091 | 2,091 | - | 597 | 597 |
| Printing | - | - | - | 64 | 284 | 348 |
| Telephone and internet | - | 1,209 | 1,209 | - | 1,416 | 1,416 |
| Computer maintenance and ITsupport | - | 6,234 | 6,234 | - | 706 | 706 |
| Travel expenses | - | 1,524 | 1,524 | - | 692 | 692 |
| Clinical supervision | - | 1,105 | 1,105 | - | 1,500 | 1,500 |
| Room hire | - | 310 | 310 | - | 114 | 114 |
| Consumer council focus groups | - | - | - | - | 1,057 | 1,057 |
| Debt focus groups | - | 1,705 | 1,705 | - | - | - |
| Hospitality and meetingrefreshments | - | 1,676 | 1,676 | - | 1,308 | 1,308 |
| Stafftraining and conferences | - | - | - | - | 2,900 | 2,900 |
| Promotional costs | - | - | - | - | 40 | 40 |
| Training materials and resources | - | 9,202 | 9,202 | . | - | - |
| Affiliation fees | - | 275 | 215 | 96 | 35 | 131 |
| Management fees | - | 6,338 | 6,338 | 6,395 | - | 6,395 |
| Sundry expenses | 0 | - | 0 | : | - | : |
| Total activities undertaken directly | 0 | 299,498 | 299,498 | 11,151 | 261,198 | 272,349 |
| Support costs | ||||||
| Legal and professional fees | - | 10,215 | 10,215 | : | - | - |
| Depreciation and impairment | - | - | - | - | - | - |
| Bank interest and charges | - | 453 | 453 | - | 387 | 387 |
| - | 10,668 | 10,668 | - | 387 | 387 | |
| Governance costs | ||||||
| Accountancy fees | - | = | - | - | - | - |
| Audit fees | - | 2,036 | 2,036 | 276 | 1,667 | 1,943 |
| - | 2,036 | 2,036 | 276 | 1,667 | 1,943 | |
| Total support and governance costs | . | 12,704 | 12,704 | 276 | 2,054 | 2,330 |
| TOTALEXPENDITUREONCHARITABLEACTIVITIES | 0 | 312,202 | 312,202 | 11,427 | 263,252 | 274,679 |
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THE WOMEN'S SUPPORT NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
| 7.NET (QUTGOING)/INCOMINGRESOURCES FORTHEYEAR | 2025 | 2024 |
|---|---|---|
| This is stated after charging/(crediting) | £ | £ |
| Auditors remuneration | 2,036 | 1,848 |
| Depreciation | - | - |
| 8. SALARY COSTS AND EMOLUMENTS | 2025 | 2024 |
| £ | £ | |
| Total staffcosts were as follows: | ||
| Wages and salaries - keymanagement personnel | 45,055 | 41,942 |
| Wages and salaries - other staff | 93,770 | 79,644 |
| Pension Costs - key management personnel | 3,605 | 3,309 |
| Pension Costs - other staff | 4,333 | 3,840 |
| Employer social security costs - key management personnel | 4,962 | 4,533 |
| Employer social security costs - other staff | 6,685 | 6,493 |
| Employer social security costs - Statutory Maternity Pay Recoverable | - | - |
| Employer social security costs - EmploymentAllowance | (5,000) | - |
| 153,410 | 139,761_ | |
| The average monthly number of employees during the year was as follows: | 2025 | 2024 |
| Number | Number | |
| i |
No employees had emoluments in excess of £60,000 (2024: £Nil)
Staff remuneration and benefits
Key management 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 benefits for the year ended 31st March 2025. (2024: £Nil)
Trustees' Expenses
There were no trustees' expenses paid for the year ended 31st March 2025. (2024: £Nil)
Page 22
THE WOMEN'S SUPPORT NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
9. TANGIBLE FIXED ASSETS
| Premises | |||
|---|---|---|---|
| Improvements | Equipment | Total | |
| £ | £ | £ | |
| COST | |||
| As at Ist April 2024 | 1,578 | 44,113 | 45,691 |
| Additions | - | - | - |
| Disposals | - | - | - |
| As at 31stMarch 2025 | 1,578 | 44,113 | 45,691 |
| DEPRECIATION | |||
| As at Ist April 2024 | 1,578 | 44,113 | 45,691 |
| Charge foryear | - | - | - |
| Eliminated on disposal | - | - | - |
| As at 31st March 2025 | 1,578 | 44,113 | 45,691 |
| Net book value 2025 | : | z | 2s |
| Netbookvalue2024 | - | - | - |
10. RECONCILIATION OF OPERATING PROFIT TO NET CASH FLOW FROM OPERATING
ACTIVITIES FROM OPERATING ACTIVITIES
| ACTIVITIES FROM OPERATING ACTIVITIES | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Operating Surplus/(Deficit) forthe year | 44,503 | 11,699 |
| Depreciation and impairment | - | - |
| Movement in debtors | (10,775) | (4,374) |
| Movement in creditors | (22,128) | (61,952) |
| Gain on investments | - | - |
| (Profit)/Loss on disposal ofFixed Assets | - | - |
| Investment income | - | - |
| Netcashinflow/(outflow)fromoperatingactivities | 11,600 | (54,627) |
Page 23
THE WOMEN'S SUPPORT NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
| 11. BANKAND CASH | 2025 | 2024 |
|---|---|---|
| £ | £ | |
| AIB NI Sustainability Account | 108,995 | 79,047 |
| AIB NI Rape Crisis ServiceNI Account | 64,024 | 103,819 |
| AJB NI EHSSB Account | 24,583 | 8,438 |
| AIB NI Current Account - TWN-DfC/Consortium | 9,888 | 4,586 |
| 207,490 | 195,890_ |
| 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 2025 | 2024 |
|---|---|---|
| £ | £ | |
| Debtors | 17,831 | 6,247 |
| Prepayments and accrued income | 1,340 | 2,149 |
| 19,171 | 8,396 | |
| 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 2025 | 2024 |
| £ | £ | |
| Taxation and social security costs | 2,091 | - |
| Accrued expenses | 21,822 | 2,458 |
| Deferred income | 64,254 | 107,837 |
| 88,167 | 110,295 |
Page 24
THE WOMEN'S SUPPORT NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
14. ANALYSIS OF NET ASSETS BY FUND
| Fixed Assets | Fixed Assets | Current | Current | Transfers | |||
|---|---|---|---|---|---|---|---|
| -Charity | use | —_Assets | Liabilities | between Funds | 2025 | 2024 | |
| £ | £ | £ | £ | £ | = | ||
| Total Funds | |||||||
| Unrestricted funds | - | 106,724 | - | - | 106,724 | 77,159 | |
| Restricted funds | - | 119,937 | (88,167) | - | 31,770 | 16,832 | |
| - | 226,661 | (88,167) | - | 138,494 | 93,991 |
Page 25
THE WOMEN'S SUPPORT NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
| 16. | UNRESTRICTED INCOME FUNDS | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| Balance at lst April 2024 | 77,159 | $2,135 | |
| Incoming resources forthe year | 20,075 | 36,451 | |
| Resources expended for the year | - | (11,427) | |
| Transfers between funds | 9,489 | - | |
| Balance at 31stMarch 2025 | 106,723 | TELS | |
| 17. | RESTRICTED INCOME FUNDS | 2025 | 2024 |
| £ | £ | ||
| Balance at 1st April 2024 | 16,832 | 30,157 | |
| Incoming resources for the year | 336,629 | 249,927 | |
| Resources expended for the year | (312,202) | (263,252) | |
| Transfers between funds | (9,489) | - | |
| Balanceat31stMarch2025 | 31,770 | 16,832 |
18. RELATED 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 Corporation Taxes Act 1970 by the Commissioners of the Inland Revenue.
20. CONTINGENT LIABILITIES
Since incorporation the charity has received various revenue and capital grants. A contingent liability 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.
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