## **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: - a) That for the year stated above the company was entitled to the exemption conferred by Section 477 of the Companies Act 2006. - 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 - c) That we acknowledge our responsibilities for: - 1) Ensuring that the company keeps accounting record which comply with Section 386; and - 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