South Armagh Rural Nfv'omen's NL etivork Statenient of Financial Activities For the J'ear ended 31 Nlarch 2023 Uni-estriLted Funds Resli"iLted Fund Dcsigiiated Fuiids Total FLiiids 20?3 Total FLiiids INCOfvIING RESOURCES Activities in furtherance of the charity's objectives: Grant receivable Incoine froin cliaritable activities Activities for generation funds IntLrest receivab le Otlier income 84.366 84,366 787 96,139 ?,46? 787 1,811 Total income resources 787 84,366 85,153 100,416 RESOURCES EXPENDED Charitable expenditure: Costs in furthLrance of Charitable objectives MdiiagFeinent and adininistration 25,847 25.847 ?9,144 49,6? I 49,621 51,59? Total resources expended 75.468 75.468 80,736 Net incoming resources for the year Balance brought forward 787 8,898 9,685 19,680 40,664 ?5,730) 14,934 4,746) Balance carried forward 41,451 16,832) 24,619 l4,934 The notes on pages 6 to 9 form integral part of these financial statements Page 4
South Armagh Rural Women's Network Balance sheet as at 31 March 2023 2023 2022 Notes Fixed assets Taiigible assets Current assets Cash at bank and in hand Prepayineiit 3,047 3,809 22.235 492 22,727 17,559 17,559 Creditors: amounts falling Due within one year 2,794 (6,434) Net current liabilities 19,933 11,125 Total assets less current liabilities 22,980 14,934 Assetsl(Deficiency of assets) 22,980 14,934 Funds UnrLstriLted Fuiids RestriLted Funds 41,451 16,832 40,664 25,730) Total Funds 24.619 14.934 The directors statements required by Section 475(2) and (3) are shown on the f'ollowin& page which forms part ot" this Balance Sheet, The notes on pages 6 to 9 form an integral part of these financial statements Page 5
South Armatsh Riiral Nl'omen's Nehvork Balance sheet (continued) Directors. statements required by Section 47)(2) and (3) Iii c2pprow.ing these tinancial stateineiits as directors Ot. the compaiiy we herebj, coil tinii.. a) That for tEie year staled above tlie coinpcllly was entitlecl to the exeinption conteii'ed by Section 477 ot the Coinpaiiies Act ?006. b) That no iiotice has been deposited at tlie registered otfice ot" the coinpany pursLiant to Section 476 reqiiesting tliat ali audit be coiiducted foi. tlie year eii(led 31 Marcli ?023, and c) That we acknowledge our respoiisibilities for: l) EnsiLring that tlie company keeps accounting recoi'd which coinply with SeLtion 386; and ?) Pi'epariiig tinaiicial statemeiils which give a tnie and fair view of tlie state of att'airs ot the coinp<iny as at the end ot" the tiiiancial year and ot its profit or loss t.or the year then endLd in aLcord<1ncc with the requii'eineiits ot. SL'ction 393 and which otlienvise coinply with the provisions ot tlie Coinpaiiies Act 2006 rcldting to tinanLial stateimenls, so far as appliLiible to the company. Thetse accoiints h<lve been prep¢ired in accordance witli tlie provisions appliLable lo sinall coinpanies subject to tlie sinall coinpany's regiine and in accordaiice willi FRSIO? SORP. The tinclncial statements were approved by Board on 22 Dectimber 2023 and signed on its belial t" by S igiied.. Chairperson The notes on pages 6 to 9 form an kntegral part of these financial statements
Page 6 South Armagh Rural Women's Network Notes to the financial statements for the year ended 31 March 2023 Accounting policies 1.1. Accounting convention Thcsc accounts have been prepared under the historical cost convcntion with items recognised at cost or transaction value unless Othenvise stated in the relevant notes to these accounts The tinancial stateinents are prepared in aLLordaiice with the Stateinent of" ReLoininended Practice: AcLountin¥ and Reportins by Charities preparing their acLoiints in aLLordaiiLe with tlie FinanLial Reportiiigy Staiidard applicable in the UK and Republic ot, Ir¢land (FRS 102) (SORP FRS 102). 1.2. Tangible fixed assets and depreciation DeprLLiation is providL'd at rates calculated to write otl'the cost less residual value of each asset over its expected useful lit"e, as t'oll()ws: Fixtures, fittingis and equipinent 25 % reduciiig balaiice 1.3. Government grants Grants (IfL LrLclitLd to det'erred revenLIL. Grants towards capital expcnditure are relLasLd to thc pr()tit aiid l()ss alcouiit over tlie expected usct.ul li t"L ot. the assLts. Graiil toward.% revLnuL' LxpLnditure are released to the protit and loss aLLount as the related expLnLliture is incurred, Operating profitl(loss) 2023 20?2 Operating profit/ (loss) is stated after charging.. Depreciation aiid other amounts written of tang7ible assets 76? )52
Page 7 South Armagh Rural Ivonien's Netiiork Notes to the financial statements for the >'ear ended 31 Ni larch 20?3 . coiitinued Tangible fixed assets Fixtures, rittings and equipment Cost At l April ?0?? Additions At 31 March ?0?3 13,951 13,9il Depreciation At l April ?0?? Charge t'or tlie year At 31 larLh 20?3 10,14? 76? 10,904 Net book values At l April 20?? At 31 MarLh ?023 3,809 3,047 Page 8
South Armagh Rural Women's Network Notes to the financial statements for the year ended 31 Nlarch 2023 .continu¢d Creditors: amounts falling due Ivithin one year 2023 2022 Bank ovei'draft ALcriials 924 1,870 2,794 4,134 2,300 6,434 Funds 2023 2022 Unrcstrictcd Funds RestriLted Funds 41,451 l3,471} 40,664 25,730) Total Funds 27,C)80 14,934 Page 9