COMPANY REGISTRATION NUMBER: N1042209
CHARITY REGISTRATION NUMBER: 103511
Magherafelt Women's Group Limited
Company Limited by Guarantee
Financial Statements
31 March 2025
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN

Magherafelt Women's Group Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2025
Page
Trustees, annual report (incorporating the director's report)
Independent auditorfs report to the members
Statement of financial activities (including income and
expenditure account)
14
Statement of financial position
15
Statement of cash flows
16
Notes to the financial statements
17

Magherafelt Women's Group Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 31 March 2025
The trustees, who are also the directors for the purposes of company law, present their report and the
financial statements of the charity for the year ended 31 March 2025.
Chair's report
The Directors of Magherafelt Women's Group are pleased to present the Annual Report and Financial
Statements for the year ended 2025. These documents have been prepared in accordance with the
Charities Statement of Recommended Practice (SORP) for charities applying the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102, effective 1 January 2019), and are
fully compliant with the Company's Articles of Association.
Our Charitable Purpose
As set out in our Articles of Association, our core purpose is..
The relief of women in need due to poor social or economic circumstances through the provision of
affordable childcare and a safe, stimulating community environment that promotes educational,
personal, and social development opportunities for women, children, and families in the Mid Ulster
area. Supporting Objectives:_
To prevent or relieve poverty
To advance education and learning
To promote citizenship and community development
Our Beneficiaries
We serve individuals and families across Magherafelt and the wider Mid Ulster area, including..
Pre-school children (ages 0-5)
Children (ages 5-13)
Parents
Women
Older people
Magherafelt Women's Group is a non-profit organisation. While our model includes an element of cost
recovery through services offered via Kidz Lodge childcare and the Learning Lodge training centre, all
income is reinvested into the community. We have no shareholders, our mission is our bottom line.

Magherafelt Women's Group Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Reference and administrative details
Registered charity name
Magherafelt Women's Group Limited
Charity registratlon number
103511
Company registration number N1042209
Principal office and registered 27-29 Moneymore Road
office
Magherafelt
Co. Derry
BT45 6AG
The trustees
Mrs Karen McKillen
Mrs Hannah Murray
Mrs Abigayle Higgins
Mrs Elizabeth Anne Forde
Mrs Mary Mcsorley
Mrs Kristal Olphert
Mrs Anneliese Clarke
Mrs Joanne Greer
Mrs Shauna Mcmillan
Mrs Avril Harkin
Mrs Frances Maguire
Mrs Eleanor McGuckin
(Resigned 16 May 2025)
(Resigned 13 January 2025)
(Resigned 13 January 2025)
(Resigned 21 August 2024)
(Appointed 19 November 2024)
(Resigned 1 August 2024)
(Appointed 19 November 2024)
(Appointed 9 December 2024)
(Appointed 19 November 2024)
(Appointed 26 November 2024)
Auditor
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN

Magherafelt Women's Group Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 March 2025
Structure, governance and management
Magherafelt Women's Group Ltd is a company limited by guarantee and recognised as charitable by
HMRC. We are registered with The Charity Commission for Northern Ireland (Charity No. 103511).
Incorporated on 21 December 2001, the organisation is governed by its Articles of Association.
Members, liability is limited to £1 in the event of winding up.
Directors and Office Bearers are elected at the Annual General Meeting. The Centre Manager leads
the Senior Management function and reports directly to the Board. Staffing and organisational
development decisions are made in consultation with the Board, with a quorum of four required for
approvals. Financial monitoring is managed by the Centre Manager and overseen by the Board.
The Charity Trustees also serve as Directors of the organisation. During this reporting period, we
successfully completed a recruitment drive, welcoming five new Directors whose expertise spans
finance, risk management, community development, and women's health. Their skills and
perspectives will significantly strengthen our governance and strategic direction.
At the same time, we bid farewell to several long-standing Directors whose dedication, insight, and
tireless commitment have been instrumentsl in shaping and advancing our organisation over the
years. Their contributions leave a lasting legacy, and their passion for our mission will be deeply
missed.
Staff remuneration is guided by sector pay scales, reviewed annually through the appraisal process
and informed by inflation and National Living Wage adjustments. In 2025, Magherafelt Women's
Group proudly became a Living Wage Employer.
Strategic report
The following sections for achievements and performance and financial review form the strategic
report of the charity.

Magherafelt Women's Group Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Achievements and performance
We conduct an annual review of our objectives and activities to ensure alignment with our charitable
aims. This includes evaluating outcomes, measuring impact, and ensuring our services remain
relevant and responsive. We continue to draw on Charity Commission guidance on public benefit and
actively incorporate participant feedback to shape our programmes. Our work is delivered through
Iwo key service arms.. Magherafelt Learning Lodge and Magherafelt Kidz Lodge.
1.Magherafelt Learning Lodge
This year, 450 women participated in a diverse range of programmes and we delivered 31 free or
low-cost courses designed to foster connection, confidence, and community capacity. Below is a
sample of key programmes delivered in 2024 - 2025 grouped under thematic areas'.-
Prevention and Early Intervention
This year we delivered programmes such as Suicide Prevention & Emotional Wellness, Emotional
Regulation for Children, Supporting Better Sleep, Online Safety and offered an information session on
Violence Against Women and Girls, equipping individuals and families with practical tools to manage
stress, build resilience, and prevent escalating issues and concerns.
Community Empowerment and Capacity Building
Our values of equality, inclusion, and collective action led initiatives such as the Unity and Diversity
Project , completed in partnership with First steps Women's Group, which contributed to building
social capital and resilience within communities in Magherafelt and across Mid Ulster.
Supporting Families and Parenting
We believe in giving every child the best start in life and empowering parents to shape the next
generation. Programmes delivered this year such as Baby Spa & Baby Yoga, Baby & Child First Aid.
Behaviour Management, Makaton Awareness, and Speech and Language Consultations equipped
parents with the skills and confidence to nurture their children and reduce stressors which can
negatively impact on their child's development.
Promoting Llfelong Learning and Employment
We continue to promote and support adult learning to enhance employability, confidence and self
esteem and recognise the importance of building wellbeing into learning, supporting resilience and
long term independence. Courses this year included Motivational Interviewing, Women's Creative
Business Programme, Jute Bag crafts, Raw Habits Living Food and Smartphone Photography.
Physical Health and Wellbeing
Physical activity is a proven contributor to improved health and wellbeing. Our inclusive programmes
ensure that women of all ages and abilities can participate. This year we ran a range of classes
including Yoga, Pilates, Strength & Balance, and Chi Me, encouraging social connection through
recreational engagement.
Sessions were well attended and received overwhelmingly positive feedback, reflecting the trust and
value placed in our services. Over 95 % of participants rated the programmes provided as excellent.

Magherafelt Women's Group Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Comments included'.-
Relaxing atmosphere
"Good socially"
Great tips"
"I'm learning to love myself,
'1 discovered an ability to excel at something new"
'I've thoroughly enjoyed itl
Our work is collaborative, engaging with organisations across the statutory, community, and voluntary
sectors. This year we worked with Northern Ireland Housing Executive, Department for Communities,
Mid Ulster Council, First Step Women's Centre, and the Loneliness Ne￿ork to name but a few, to
extend our reach, strengthen our impact, and ensure that services are responsive to the diverse needs
of women, children and families.
2. Kidz Lodge
Kidz Lodge provided a safe, nurturing, and stimulating environment for over 95 children this year. The
continued high demand for our services underscores our essential role in enabling parents to work,
study, and thrive.
We remain committed to delivering high-quality, child-centred learning and development. Our efforts
were recognised with the prestigious Gold All-lreland Centre of Excellence Award, and our inclusive
ethos was further affirmed by the Autism Nl Impact Award. We also received a commendation from
the Northern Trust Early Years Team, who praised our inclusive approach, high-quality provision, and
the professionalism of our staff. These accolades, further demonstrated by feedback from parents and
children below, reflect the dedication, expertise, and warmth of our team, who place the needs of
families and children at the heart of everything they do. "The staff at Kidz Lodge go above and beyond
to ensure each child receives exceptional care. nurturing, and kindness. I highly recommend Kidz
Lodge and feel so grateful my children have a place there."
Parent "When I'm having a bad day, the
workers know how to make me feel better. I love long days in After School." . Child
Public Benefit Statement
The Directors of Magherafelt Women's Group confirm that they have complied with their duty under
the Charities Act {Northern Ireland) 2008 and the Charities {Accounts and Reports) Regulations
(Northern Ireland) 2015 to have regard to the Charity Commission's guidance on public benefit and
that the public benefit requirement has informed the activities of the organisation in the year to 31st
March 2025.
Financlal review
The net fund balances at the year ended 31st March 2025 totalled £813,227 which comprised of
Unrestricted funds of £423,273 and Revaluation Reserve of £389,954. Incoming resources for the
period of £555,348 were less. than the outgoing resources of £563,172 leaving a deficit of £7,824.

Magherafelt Women's Group Limited
Company Limited by Guarantee
Trustees. Annual Report {Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Plans for future periods
Looking Ahead
As we reflect on a successful 2024-2025, we look fO￿ard to a year of continued growth and
development. Our beneficiaries remain at the heart of all we do.
In 2025-2026, we will undertake a period of consultation, assessment, and strategic review to inform a
new five-year Strategic and Operational Plan. Key priorities will include:
Organisational structure and development
Board and Director development
Service and programme review
Spatial planning and development
Financial sustainability
A central focus will be the reopening of our Baby Room, which has remained closed since the
COVID-19 pandemic. With a waiting list in place and a renewed recruitment drive undetway, we are
optimistic about restoring this vital service.
We extend our heartfelt thanks to our funders and partners, including:
Dfc Community Investment Fund (CIF)
Early Years Pathway Fund
HCN Community Funding
Childcare Partnership
Mid Ulster Loneliness Nelwork
Mid Ulster District Council
Nl Housing Executive
Your continued belief in our mission makes our work possible.
We also thank our dedicated staff, volunteers. Board members, and Kidz Lodge families. Special
appreciation goes to Bernie O'Neill for her exceptional leadership, and to Deputy Manager Shelley
McGuckin, whose unwavering support and adaptability have been invaluable.
Magherafelt Women's Group carries out regular risk management reviews of all aspects of its
operations, in particular those related to safeguarding and the operations of finances of the charity and
is satisfied that systems and procedures are in place to mitigate exposure to major risks.
Trustees. responsibilities statement
The trustees, who are also directors for the purposes of company law, are responsible for preparing
the trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a
true and fair view of the state of affairs of the charitable company and the incoming resources and
application of resources, including the income and expenditure, for that period.

Magherafelt Women's Group Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (Continued)
Year ended 31 March 2025
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the applicable Charities SORP;
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards 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 charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charity's transactions and disclose with reasonable accuracy at any time the financial
position of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that..
so far as they are aware, there is no relevant audit information of which the charity's auditor is
unaware. and
they have taken all steps that they ought to have taken as a trustee to make themselves aware of
any relevant audit information and to establish that the charity's auditor is aware of that
information.
Small Companies Provision
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.
The trustees, annual report and the strategic report were approved on 11 December 2025 and signed
on behalf of the board of trustees by..
Mrs Eleanor McGuckin
Trustee

Magherafelt Women's Group Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of Magherafelt Women's Group
Limited
Year ended 31 March 2025
Opinion
We have audited the financial statements of Magherafelt Women's Group Limited (the 'charity') for the
year ended 31 March 2025 which comprise the statement of financial activities (including income and
expenditure account), statement of financial position, statement of cash flows and the related notes,
including a summary of significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
{United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its
incoming resources and application of resources, including its income and expenditure, for the
year then ended",
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice-,
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
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 for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements 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
In auditing the financial statements, we have concluded that the trustees. use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the charity's ability
to continue as a going concern for a period of at least ￿e1ve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described
in the relevant sections of this report.

Magherafelt Women's Group Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of Magherafelt Women's Group
Limited (continued)
Year ended 31 March 2025
Other information
The other information comprises the information included in the annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information.
Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent with 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 material misstatements, we are
required to determine whether there is a material misstatement in the financial statements or a
material misstatement of the other information. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustees, report ft)r the financial year for which the financial
statements are prepared is consistent with the financial statements,. and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the
course of the audit, we have not identified material misstatements in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 requires us to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not
been received from branches not visited by us- or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of trustees, remuneration specified by law are not made- or
we have not received all the information and explanations we require ft)r our audit.

Magherafelt Women's Group Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of Magherafelt Women's Group
Limited (continued)
Year ended 31 March 2025
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement, the trustees (who are also the
directors for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as
the trustees determine is necessary to enable the preparation of financial statements that are free
from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.
10

Magherafelt Women's Group Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of Magherafelt Women's Group
Limited {¢ontlnued)
Year ended 31 March 2025
Auditor's responsibilities for the audlt of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that
an audit conducted in accordance with ISAS {UK) will always detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial ststements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregularities, including fraud is detailed below..
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud
and non-compliance with laws and regulations, we considered the following..
the nature of the industry and sector, control environment and business performance including the
design of the remuneration policies, key drivers for directors, remuneration, bonus levels and
performance targets.,
results of our enquiries of management about their own identification
and assessment of the risks of irregularities.,
obtained and reviewed documentation of their policies and procedures relating to: identifying,
evaluating and complying with laws and regulations and whether management were aware
of any instances of non-compliance.,
detecting and responding to the risks of fraud and
whether management have knowledge of any actual, suspected or alleged fraud,. the internal controls
estsblished to mitigate risks of fraud or non-compliance with laws and regulations. the matters
discussed among the audit engagement team including significant component audit teams and
relevant internal specialists, including tax and valuations specialists regarding how and where fraud
might occur in the financial statements and any potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within
the organisation for fraud and identified the greatest potential for fraud. In common with all audits
under ISAS (UK), we are also required to perform specific procedures to respond to the risk of
management override.
We also obtained an understanding of the legal and regulatory frameworks in operation, focusing on
provisions of those laws and regulations that had a direct effect on the determination of material
amounts and disclosures in the financial statements. The key laws and regulations we considered in
this context included ongoing compliance with the UK Companies Act and tax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on
the financial statements but compliance with which may be fundamental for their ability to operate or to
avoid a material penalty.
11

Magherafelt Women's Group Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of Magherafelt Women's Group
Limited (contlnued)
Year ended 31 March 2025
As part of an audit in accordance with ISAS {UK), we exercise professional judgment and maintain
professional scepticism throughout the audit. We also-.
Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override
of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to
events or conditions that may cast significant doubt on the charity's ability to continue as a going
concern. If we conclude that a material uncertainty exists, we are required to draw attention in
our auditor's report to the related disclosures in the financial statements or, if such disclosures
are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained
up to the date of our auditor's report. However, future events or conditions may cause the charity
to cease to continue as a going concern.
Evaluate the overall presentation. structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and
events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify during our audit.
12

Magherafelt Women's Group Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of Magherafelt Women's Group
Limited (contlnued)
Year ended 31 March 2025
As explained more fully in the Trustees, Responsibilities Statement (set out on page 10), the trustees
are responsible for the preparation of the financial statements and for being satisfied that they give a
true and fair view. Our responsibility is to audit and express an opinion on the financial statements in
accordance with applicable law and International Standards on Auditing (UKI. Those standards
require us to comply with the Financial Reporting Council's (FRC'S) Ethical Standard for Auditors,, in
the circumstances set out in note 28 to the financial statements.
Use of our report
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might stste to the
charity's members those matters we are required to state to them in an auditor's report and for no
other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the charity and the charity's members as a body, for our audit work. for this report,
or for the opinions we have formed.
Paul Dolan FCA (Senior Statutory Auditor)
For and on behalf of
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN
11 December 2025
13

Magherafelt Women's Group Limited
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2025
2025
Restricted
funds Total funds Total funds
2024
Unrestricted
funds
Note
Income and endowments
Donations and legacies
Charitable activities
other trading activities
Investment income
Other income
1,770
94,897
1,770
536,325
13,167
1,622
2,464
555,348
441,428
13,167
1,622
2,464
458,681
513,143
9,367
211
4,485
Total income
96,667
527,206
Expenditure
Expenditure on charitable activities
Other expenditure
Total expenditure
10,11
13
472,576
(6,071)
466,505
96,667
569,243
(6,071)
563,172
517,303
16,073)
511,230
96,667
Net (expenditure)lincome
(7,824)
(7,824)
15,976
Transfers between funds
18,604
(18,604)
Other recognised gains and losses
Gains from revaluation of fixed assets
389,954
389,954
Net movement in funds
400,734
(18,604)
382,130
15,976
Reconciliation of funds
Total funds brought forward
Total funds carried forward
412,493
813,227
18,604
431.097
415,121
813,227
431,097
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 17 to 30 form part of these financial statements.
14

Magherafelt Women's Group Limited
Company Limited by Guarantee
ststement of Financial Position
31 March 2025
2025
2024
Note
Fixed assets
Tangible fixed assets
19
539,778
180,102
Current assets
Debtors
Cash at bank and in hand
20
22,362
286,865
20,903
272,669
293,572
309,227
Creditors.. amounts falling due within one year
Net current assets
21
35,778
273,449
42,577
250,995
Total assets less current liabilities
813,227
813,227
431,097
Net assets
431,097
Funds of the charity
Restricted funds
Unrestricted funds=
Revaluation reserve
Other unrestricted income funds
18,604
389,954
423,273
412,493
Total unrestricted funds
813,227
412,493
Total charity funds
26
813,227
431,097
These financial statements were approved by the board of trustees and authorised for issue on 11
December 2025, and are signed on behalf of the board by..
Mrs Eleanor McGuckin
Trustee
The notes on pages 17 to 30 fomi part of these financial statements.
15

Magherafelt Women's Group Limited
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2025
2025
2024
Cash flows from operating activities
Net (expenditure)lincome
{7,824)
15,976
Adjustments for."
Depreciation of tangible fixed assets
Other interest receivable and similar income
Interest payable and similar charges
Accrued expenses
30,278
(1,622)
369
1,348
30,277
(211)
923
2,202
Changes in."
Trade and other debtors
Trade 2nd other creditors
other operating Cash flow changes
Cash generated from operations
(1,459)
(10,487)
(6,354)
(4,085)
9,210
47,938
10,603
Interest paid
Interest received
(369)
1,622
(923)
211
Net cash from operating activities
11,856
47,226
Cash flows from financing activities
Payments of finance lease liabilities
Net cash from financing activities
2,340
2,340
2,340
2,340
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
14,196
272,669
49,566
223,103
272,669
286,865
The notes on pages 17 to 30 fomi part of these financial statements.
16

Magherafelt Women's Group Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2025
General information
The Charity is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered Charity in Northern Ireland. The address of the registered
office is 27-29 Moneymore Road, Magherafelt, BT45 6AG, Co. Derry.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Charities
SORP (FRS 102)) and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity-
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectations
of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated fijnds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of sub-classes- restricted income funds or
endowment funds.
17

Magherafelt Women's Group Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
Accounting policies (continue
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 seNice. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates=
expenditure on raising funds includes the costs of all fundraising activities, events,
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 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 reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
18

Magherafelt Women's Group Limited
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2025
Accounting policies (continued)
Tangible assets {contlnuedJ
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows..
Freehold propety
Fixtures and fittings
Motor vehicles
4 % straight line
10 /0 Straight line
25 % straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the
cash-generating unit to which the asset belongs. The cash-generating unit is the smallest
identifiable group of assets that includes the asset and generates cash inflows that largely
independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of
financial position as assets and liabilities at the lower of the fair value of the assets and the
present value of the minimum lease payments, which is determined at the inception of the lease
term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstsnding
lease liability using the effective interest method. Finance charges are allocated to each period
so as to produce a constant rate of interest on the remaining balance of the liability.
19

Magherafelt Women's Group Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
Accounting policles (continued)
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants
are not recognised until there is reasonable assurance that the charity will comply with the
conditions attaching to them and the grants will be received.
Vvhere the grant does not impose specified future performance-related conditions on the
recipient, it is recognised in income when the grant proceeds are received or receivable. Where
the grant does impose specified future performance-related conditions on the recipient, it is
recognised in income only when the performance-related conditions have been met. Where
grants received are prior to satisfying the revenue recognition criteria, they are recognised as a
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Vwhere investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial activities, with the exception of hedging instruments in
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
individually significant, these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
20

Magherafelt Women's Group Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
Accounting policies fcontinued)
Financial instruments (continuedj
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Deflned 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 of the discount is recognised as an expense in
the period in which it arises.
Limited by guarantee
The Company has no share capital and is a company limited by guarantee.
Donations and legacies
Restricted Total Funds
Funds
2025
Restricted Total Funds
Funds
2024
Other donations and legacies
Peer support fund
Women breaking barriers
Clear Project PHA
NHSCT
250
640
780
100
250
640
780
100
1,770
1,770
21

Magherafelt Women's Group Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
Charitable activities
Unrestricted
Funds
Restricted Total Funds
Funds
2025
NIHE
DFC CIF Grant
Childcare Small Partnership Grant
Bright Start
Mid Ulster Council
DFC Cost of Living Grant
Early Years Pathway Fund
Mid Ulster Loneliness Ne￿Ork
Creche and After School Fees
NICSS Childcare
2,440
68,479
2,690
3,005
1,200
2,440
68,479
2,690
3,005
1.200
16,500
583
16,500
583
422,495
18,933
536,325
422,495
18,933
441,428
94,897
Unrestricted
Funds
Restricted Total Funds
Funds
2024
NIHE
DFC CIF Grant
Childcare Small Partnership Grant
Bright Start
Mid Ulster Council
DFC Cost of Living Grant
Early Years Pathway Fund
Mid Ulster Loneliness NeI￿Ork
Creche and After School Fees
NICSS Childcare
62,138
2,475
3,005
1,200
1,500
15,000
600
62,138
2,475
3.005
1,200
1,500
15,000
600
427,225
427,225
427,225
85,918
513,143
other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Rental Income
Course Fees
11,925
1,242
11,925
1,242
9.367
9,367
13,167
13,167
9.367
9,367
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Bank interest receivable
1,622
1,622
211
211
22

Magherafelt Women's Group Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Other income
Fundraising income
964
1,500
2,464
964
1,500
2,464
1,931
2,554
4,485
1,931
2,554
4,485
10. Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Charitable Activity
Support costs
463,328
9,248
96,667
559,995
9,248
472,576
96,667
569,243
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Charitable Activity
Support costs
425,268
6,117
431,385
85,918
511,186
6,117
517,303
85,918
11. Expenditure on charitable activities by activity type
Activities
undertaken
directly Support costs
Total funds
2025
Total fund
2024
Charitable Activity
Governance costs
559,995
559,995
9,248
569,243
511,186
6,117
517,303
9,248
9,248
559,995
12. Analysis of support costs
Support costs Total 2025 Total 2024
Finance costs
Governance costs
369
8,879
9,248
369
8,879
923
5,194
6,117
9,248
23

Magherafelt Women's Group Limited
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 31 March 2025
13. Other expenditure
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Release of capital grant
(6,071)
(6,071)
(6,073)
16,073)
14. Net (expenditure)lincome
Net (expenditure)lincome is stated after chargingl(crediting)'.
2025
2024
Depreciation of tangible fixed assets
30,278
30,277
15. Auditors remuneration
2025
2024
Fees payable for the audit of the financial statements
3,550
No remuneration was paid to an auditor in the prior year, as the entity was subject to an
independent examination rather than a statutory audit.
16. Independent examination fees
2025
2024
Fees payable to the independent examiner for=
Independent examination of the financial statements
5.194
17. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2025
2024
Wages and salaries
Social security costs
Employer contributions to pension plans
397,509
23,260
6,374
427,143
366,706
18,966
4.747
390,419
The average head count of employees during the year was 24 (2024.. 23). The average number
of full-time equivalent employees during the year is analysed as follows:
2025
No.
2024
No.
Number of staff
24
23
No employee received employee benefits of more than £60,000 during the year (2024.. Nil).

Magherafelt Women's Group Limited
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 31 March 2025
17. Staff costs (continued)
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for
planning, directing and controlling the activities of the charity. The total compensation paid to key
management personnel for services provided to the charity was £44,086 (2024:£38,652).
18. Trustee remuneration and expenses
The charity trustees were not paid or received any benefits from employment with the Charity in
the year. neither were they reimbursed expenses during the year.
The charity trustees were not paid or received any benefits from employment with the Charity in
the year, neither were they reimbursed expenses during the year.
19. Tangible fixed assets
Freehold Fixtures and
propety
fittings
Motor
vehicles
Total
Cost
At 1 April 2024
Revaluations
684,120
389,954
1,074,074
192,720
28,950
905,790
389,954
At 31 March 2025
192,720
28,950
1,295,744
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
521,709
27,365
175.027
2,913
28,952
725,688
30,278
549,074
177,940
28,952
755,966
Carrying amount
At 31 March 2025
525,000
14,780
17,693
(2)
(2)
539,778
180,102
At 31 March 2024
162,411
The freehold propety based at 27-29 Moneymore Road, Magherafelt, BT45 6AG was revalued
during the year at £525,000.
20. Debtors
2025
2024
Trade debtors
Prepayments and accrued income
16,417
5,945
22,362
20,903
20,903
25

Magherafelt Women's Group Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
21. Creditors: amounts falling due withln one year
2025
2024
Trade creditors
Accruals and deferred income
Social security and other taxes
Obligations under finance leases and hire purchase contracts
1,710
31,728
3,577
36,451
2,549
2,340
35,778
42,577
22. Finance leases and hire purchase contracts
The total future minimum lease payments under finance leases and hire purchase contracts are
as follows:
2025
2024
Not later than 1 year
Later than 1 year and not later than 5 years
2,034
306
2,340
23. Deferred income
2025
2024
At 1 April 2024
Amount released to income
34,249
(6,071)
28,178
40,324
(6,075)
34,249
At 31 March 2025
24. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined
contribution plans was £6,374 (2024.. £4,747).
25. Government grants
The amounts recognised in the financial statements for government grants are as follows..
2025
2024
Recognised in creditors-.
Deferred government grants due within one year
28,178
34,249
26

Magherafelt Women's Group Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
26. Analysis of charitable funds
Unrestricted funds
At
1 Apr 2024
Gains and
At
losses 31 Mar 2025
Income Expenditure
Transfers
General funds
Designated Fund
Revaluation
reserve
192,493
220,000
458,681
(466,505)
238,604
(220,000)
423,273
389,954
389,g54
412,493
458,681
(466,505)
18,604
389,954
813,227
At
1 Apr 2023
Gains and
At
losses 31 Mar 2024
Income Expenditure
Transfers
General funds
Designated Fund
Revaluation
reserve
371,517
25,000
441.288
(425,312) (195,000)
195,000
192,493
220,000
396,517
441,288
{425,312)
412,493
During the year, a previously designated fund, established in prior periods, has been released to
general reserves. This release reflects a review of the organisation's reserves and the current
operational requirements.
Restricted funds
At
1 Apr 2024
Gains and
At
losses 31 Mar 2025
Income Expenditure
Transfers
Historic Restricted
fvnds
DFC CIF grant
Mid ulster council
Brightstart
Early Years
Pathway fund
Mid Ulster
Loneliness
Ne￿Ork
18,604
(18,604)
68,479
1,200
3,005
(68,479)
{1,200)
(3,005)
16,500
{16,500)
583
(583)
27

Magherafelt Women's Group Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
26. Analysis of charitable funds (continued)
NIHE
Clear Project PHA
DHC
Peer Support
Fund
NHSCT
Women Breaking
Barriers
Childcare Small
Partnership Grant
2,440
(2,440)
780
(780)
250
100
(250)
(100)
640
{640)
2,690
{2,690)
(96,6671 (18,604)
18,604
96,667
At
1 Apr 2023
Gains and
At
losses 31 Mar 2024
Income Expenditure
Transfers
Historic Restricted
funds
DFC CIF grant
Mid ulster council
Brightstart
Early Years
Pathway fund
Mid Ulster
Loneliness
Ne￿Ork
NIHE
Clear Project PHA
DHC
Peer Support
Fund
NHSCT
Women Breaking
Barriers
Childcare Small
Partnership Grant
18,604
85,918
(85,918)
18,604
18,604
85,918
(85,918)
18,604
Following a review of historic funds, the charity transferred £18,604 to unrestricted funds after
confirming that all conditions had been met.
28

Magherafelt Women's Group Limited
Company Limited by Guarantee
Notes to the Financial Statements fcontiTnued)
Year ended 31 March 2025
27. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
539,778
309,227
(35,778)
813,227
539,778
309,227
(35,778)
813,227
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
161,498
293,572
(42,577)
412,493
18,604
180,102
293,572
(42,577)
431,097
18,604
28. Securities
The company holds a reserve account with Bank of Ireland amounting to £121,020.85 at
31103125. The account is held as security for banking facilities and is not available ft)r general
use.
29. Capital grant release
Deferred capital grants of £28.178 (2024= £34,429) are being released to the income statement
on a systematic basis over the useful lives of the related assets. The remaining balance relates
to external funding which will continue to be released over the next six years.
30. Taxation
The Company is a registered charity, and as such is entitled to tax exemptions on income and
profits in furtherance of the charity's primary objectives.
31. Analysis of changes in net debt
At
At 1 Apr 2024 Cash flows 31 Mar 2025
Cash at bank and in hand
Debt due within one year
272,669
14,196
(2,340)
11,856
286,865
(2,340)
284,525
272,669
29

Magherafelt Women's Group Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
32. Contingencies
A contingent liability exists to repay grants and Trust monies received should certain conditions
not be fulfilled by the charity. In the opinion of the Trustees, the terms of the Letters of Offers
have been, or will be, complied with and no liability is expected.
33. Ethical standards
In common with many other businesses of our size and nature, we use out auditors to prepare
and submit returns to the tax authorities and assist with the preparation of the financial
statements.
34. Related partles
There were no related party transactions incurred during the year.
30

Magherafelt Women's Group Limited
Company Limited by Guarantee
Management Information
Year ended 31 March 2025
The following pages do not form part of the financial statements.
31

Magherafelt Women's Group Limited
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2025
202S
2024
Income and endowments
Donations and legacies
Peer support fund
Women breaking barriers
Clear Project PHA
NHSCT
250
640
780
100
1,770
Charitable activities
NIHE
DFC CIF Grant
Childcare Small Partnership Grant
Bright Start
Mid Ulster Council
DFC Cost of Living Grant
Early Years Pathway Fund
Mid Ulster Loneliness Ne￿ork
Creche and After School Fees
NICSS Childcare
2,440
68,479
2,690
3,005
1,200
62,138
2,475
3,005
1,200
1,500
15,000
600
427,225
16,500
583
422,495
18,933
536,325
513,143
other trading activities
Rental Income
Course Fees
11,925
1,242
9,367
13,167
9,367
Investment income
Bank interest receivable
1,622
211
Other income
Other income
Fundraising income
964
1,500
1,931
2,554
2,464
4,485
Total Income
555,348
527,206
32

Magherafelt Women's Group Limited
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2025
2025
2024
Expenditure on charitable activities
Charitable Activity
Activities undertaken directly
Wageslsalaries
Employer's NIC
Pension costs
Rates & water
Light & heat
Repairs & maintenance
Insurance
other establishment
Motor vehicle expenses
Legal and professional fees
Telephone
other office costs
Depreciation
Postage, printing & stationary
Cleaning
Equipment hire
Memberships
Staff expenses
Other training expenses
Debt written off
Tutor costs
Catering
397,509
23,260
6,374
2,580
11,490
22,191
6,470
1,731
2,730
1,100
1,530
6,248
30,278
8,508
4,818
5,409
567
2,030
2.938
(1.119)
6,988
16,365
366,706
18,966
4,747
2,229
13,959
20,426
11,201
3,883
3,738
4,823
1,546
7,061
30,277
7,379
14,247
559,995
511,186
Governance costs
Governance costs - accountancy fees
Governance costs - audit fees
Governance costs - legal and other professional fees
Governance costs - other finance costs
Governance costs - independent examination
237
3,550
5,092
369
923
5,194
9,248
6,117
Expenditure on charitable activities
569,243
517,303
Net (expenditure)lincome
(7,824)
15,976
33