South Armagh Rural Women’s Network
Statement of Financial Activities For the year ended 31 March 2025
| INCOMING RESOURCES Activities in furtherance of the charity’s objectives: Grant receivable Income from charitable activities Activities for generation funds Interest receivable Other income Total income resources RESOURCES EXPENDED Charitable expenditure: Costs in furtherance of Charitable objectives Management and administration Total resources expended Net incoming resources for the year Balance brought forward Balance carried forward |
Unrestricted Funds £ - 8,107 - 8,107 - - - 8,107 44,299 52,406 |
Restricted Funds £ 61,135 - - 61,135 17,237 54,009 71,246 (10,111) (19,579) (29,690) |
Designated Funds £ - - - - - - - - - - - |
Total Funds 2025 £ 61,135 8,107 69,242 17,237 54,009 71,246 (2,004) 24,720 22,716 |
Total Funds 2024 £ 72,601 2,848 |
|---|---|---|---|---|---|
| 75,449 | |||||
| 20,841 52,868 |
|||||
| 73,709 | |||||
| 1,740 22,980 |
|||||
| 24,720 |
The notes on pages 6 to 9 form an integral part of these financial statements Page 4
South Armagh Rural Women’s Network
Balance sheet as at 31 March 2025
| Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Creditors: amounts falling Due within one year 4 Net current liabilities Total assets less current liabilities Assets/(Deficiency of assets) Funds Unrestricted Funds Restricted Funds Total Funds 5 |
2025 2024 £ £ £ £ 1,950 2,438 28,081 26,002 28,082 26,002 (7,315) (3,719) 20,766 22,282 22,716 24,720 22,716 24,720 52,406 44,299 (29,690) (19,579) 22,716 24,720 |
2025 2024 £ £ £ £ 1,950 2,438 28,081 26,002 28,082 26,002 (7,315) (3,719) 20,766 22,282 22,716 24,720 22,716 24,720 52,406 44,299 (29,690) (19,579) 22,716 24,720 |
|---|---|---|
| 28,082 (7,315) |
||
| 24,720 | ||
| 24,720 | ||
| 44,299 (19,579) |
||
| 24,720 |
The directors` statements required by Section 475(2) and (3) are shown on the following page which forms part of this Balance Sheet.
The notes on pages 6 to 9 form an integral part of these financial statements Page 5
South Armagh Rural Women’s Network
Balance sheet (continued)
Directors` statements required by Section 475(2) and (3)
In approving these financial statements as directors of the company we hereby confirm:
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a) That for the year stated above the company was entitled to the exemption conferred by Section 477 of the Companies Act 2006.
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b) That no notice has been deposited at the registered office of the company pursuant to Section 476 requesting that an audit be conducted for the year ended 31 March 2025, and
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c) That we acknowledge our responsibilities for:
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1) Ensuring that the company keeps accounting record which comply with Section 386; and
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2) Preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of Section 393 and which otherwise comply with the provisions of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small company’s regime and in accordance with FRS102 SORP.
The financial statements were approved by Board on 22 December 2025 and signed on its behalf by
Signed: _________
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 March 2025
1. Accounting policies
1.1. Accounting convention
These accounts have been prepared under the historical cost convention with items 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 Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (SORP FRS 102).
1.2. Tangible fixed assets and depreciation
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings
and equipment 25% reducing balance
1.3. Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grant towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
2. Operating profit/(loss)
Operating profit/ (loss) is stated after charging: Depreciation and other amounts written of tangible assets |
2025 2024 £ £ 488 609 |
|---|---|
Page 7 South Armagh Rural Women’s Network
Notes to the financial statements for the year ended 31 March 2025
……………continued
| 3. Tangible fixed assets Cost At 1 April 2024 Additions At 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 Net book values At 1 April 2024 At 31 March 2025 |
Fixtures, fittings and equipment £ 13,951 13,951 11,513 488 12,001 2,438 1,950 |
|---|---|
Page 8
South Armagh Rural Women’s Network
Notes to the financial statements for the year ended 31 March 2025
……………continued
| 4. Creditors: amounts falling due within one year Accruals 5. Funds Unrestricted Funds Restricted Funds Total Funds |
2025 £ 7,315 7,315 2025 £ 52,406 (29,690) 22,716 |
2024 £ 3,719 |
|---|---|---|
| 3,719 2024 £ 44,299 (19,579) |
||
| 24,720 |
Page 9
South Armagh Rural Women’s Network
The following pages do not form part of the statutory accounts
South Armagh Rural Women’s Network
Detailed profit and loss account
And expenses schedule for the year ended 31 March 2025
| Income VSS Funding N & M DC CDHN Fundraising Administrative expenses Wages and salaries Staff Pension costs Exchange differences Rent payable Insurance Printing, postage and stationery Travelling & Expenses Companies House Accountancy Maintenance Bank charges Software Telephone Depreciation on FF & Equipment |
2025 £ £ 57,235 1,500 2,400 8,107 69,242 41,511 2,903 (8) 3,881 274 352 323 55 1,010 887 126 105 2,103 54,009 488 |
|---|---|
Operation profit/(loss)
15,233