South Armagh Rural Women's Network Statement of Financial Activities For the year ended 31 Nlarch 2023 Unrestricted Funds Restricted FLinds Designated Funds Total Funds 20?3 Total Funds 202? INCOLWIING RESOURCES Activities in furtherance of the charity's objectives: Grant reLeivable Incoine from chariti2ble activities Activities for gcncration funds Int¢r¢st r¢Leiv(IblL Otlier iiicoine 84,366 84,366 787 96,139 2,462 787 1,811 Total income resources 787 84,366 85,153 100,416 RESOURCES EXPENDED Charitable e¥penditure: Costs in furtherance of Chai'itabl¢' ()bjL'cti ves MaiiagrLinLnt <ind admiiiistratioii 25,847 25,847 29,144 49,621 49,6?1 53,231 Total resources expended 75,468 75,468 82,375 Net incoming resources for the year Balance broug7ht fonvard 787 8.898 9,685 18,041 40,664 27,36C)) 13,295 4,746) Bal<ince carried fonvard 4l,45l 18,471) 22,980 13,295 The notes on pages 6 to 9 form an integral part of these financial statements Page 4
South Armagh Rural Women's Nehvork Balance sheet as at 31 l¥larch 2023 2023 2022 Notes Fixed assets Tangible assets Current assets Cash at bank and in haiid Prepayinents 3,047 3,809 22,?35 492 22.727 17,559 17,559 Creditors: amounts falling Due within one y'ear 2,794) (8,073) Net current liabilities 19,933 9,486 Total assets less current liabilities 22,980 13.295 Assetsl(Deficiency of assets) 22,980 13,295 Funds Unrestricted Fiinds RLsti'iLttid Funds 41.451 18,471) 40,6C)4 27,369) Total Funds 2?,980 13,295 The direLtors' stateinents required by Section 475(2) and (3) are shown on the t"ollowing PdLie which t'onns part of tliis BalanLe Sheet. The notes on pages 6 to 9 form an integral part of these financial statements Page S
South Armagh Rural Women's Network Balance sheet {continued} Directors. statements required by Section 475(2) and (3) In appi'ovin&F these financi(il statements as directors of tlie coinpany we hereby contirm.. a) That t'or the year stated above the Lompany was entitled to the exeinption cont"erred by Section 477 ot. the Companies Act 2006. b) That no notice has been deposited at the registered oftice ot" the coinpaiiy pursuant to Section 476 requestiiig that an audit bc conductcd for the year ended 31 March 2023, and c) Tliat we acknowledge our responsibilities for.. l) Ensuringl that the coinpany keeps accouiiting record which coillply with Section 386. aiid 2) Preparin& tinancial stateinents which give a true and fair view of the state of affairs of. tlie Loinpaiiy as at tlie end ot" tlie tinancial year and of its profit or loss for the year theii ended in accordaiice with the requireinents of Section 393 and wliich otherwise coinply witli the provisions nt. tlie C()Inpaiiies Act 2006 relatin&y to financial statLments, s() tar as applicdble to the company. ThLsc accoLints have been prepared in aLeordanLe with the pi'ovisions applicable to sinall coinpaiiies subject to tlic sinall Lompany's rL&FiinL" and iii acLordanLL' with FRS102 SORP. The tiiiancial stateinents were approved by Board on 22 D¢Leinbcr 2023 and sigFned on its belialt" by Signcd.. Chairperson The notes on pages 6 to 9 form an integral part of these financial statements
Page 6 South Armagh Rural Women's Network Notes to the financial statements for the year ended 31 [arCh 2023 Accounting policies l. l. Accounting convention Tliese accounts have becn prepared under the historical Lost convention with iteims recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts The financial statements are prepared in accordance with the Stateineiit ot. ReLominended Practice: Accountings aiid Reporting by Charities prcparingy tlieir aLcouiits in aLL()rdance with the Fiiiancial RLportiiig> Staiid<ll'd applic(Ible in the UK aiid Republic ot" Ireland (FRS 10?) (SORP FRS 102). 1.2. Tangible fixed assets and depreciation Depreciation is provided at rates calculated to write off the cost less residual value ot. each asset over its expected useful lit'e, as follows., Fixtures. fittings and equipment 25 % reducingi balance 1.3. Government grants Grants arL crLdited to det.erred revenue. Graiits towards capital expenditure are releasLd to the protit and loss account ovcr the expeLtLd usL't"ul life ot the assets, Grant towards rcveniie expenditure are released to tlie pr()fit and loss accouiit as the related expenditure is incurrcd. Operating profiLI(loss) 2023 2022 Operating profitl (loss) is stated after chargyjiig: DLpreLiation and other amouiits writtLn ot. t(ingyible assets 762 952
Page 7 South Armagh Rural Women's Network Notes to the financial statements for the year ended 31 larch 2023 .continued Tangible fixed assets Fixtures, fittings and equipment Cost At l April 2022 Additions At 3 l March 2023 13,951 13,951 Depreciation At l April ?022 Chai'gre for the ytar At 31 March 20?3 10,142 762 10,904 Net book values At l April 2022 At 31 MarLlI 2023 3,809 3.047 Page 8
South Armagh Rural Women's Network Notes to the financial statements for the year ended 31 NIarch 2023 .continued Creditors: amounts falling due ithin one year 2023 2022 Bank overdraft Accruals 9?4 1.870 2,794 4,134 3,939 8,073 Funds 2023 2022 Uiirestricted Fiind Restricted Fuiids 41,451 18,471) 40,664 27,369) Total Funds 22,980 13,295 Page 9