WOMEN IN BUSINESS NI LTD (A COMPANY LIMITED BY GUARANTEE) FINANCIAL STATEMENTS YEAR ENDED 31 CH 2023 FOR TH TRUSTEES, REPORT Th8 Trustees present their annual report together with the audited financial statemgnts of the Women in Business Nl Ltd for the 1 Aprll 2022 to 31 March 2023. The Annual r8POrt serves th8 purposes of both a Trustees, report and a directors, r8POrt under company law. The Trustees contlrm that the Annual report and financlal statements of the charitable company comply with the current statutory requlrements, the requirements of the charitable company's governing document and the provisions of the Ststement of Recornmended Practice (SORP) applicable to charitles preparing their accounts in accordance with the Financial Raporting Standard applicable in th8 UK and Republic of Ireland (FRS102) (effectNe 1 January 2015) as amended by Update Bulletins 1 and 2. Slnc8 the company qualifies as small under section 382 of the Companies Act 2006, the Strateglc report required of medium and large companies under the Companles Act 2008 (strategic Report and Dlrectors, Report) Regulatlons 2013 has been omitted. Th8S8 financlal stateménts consolldate the r8sults of the Charlty and the tradlng company Dlverslty Mark Nl Ltd on a Ilne-by-line basis. The group was formed on 16th March 2021. A separate Statement of Flnancial Actlvltl8s and Income and Expenditure Accounts for the Charlty alone has been presented on page 13. Ob ectlves and actlvltles a. Pollcles and objectlvgs The CoMpanS pollci8s and obj8Ctlves ar8 the promotion of equality and dlversity In North8m Ireland by supportlng and encouraging women, Insofar as is exclusively charitable, to reach thelr full potentlal in business and thereby deliver a better economy and society In North8m Ireland. b. Stratogles for achleving objoctlvos All of the tharfty's actlvltles ar8 for the empow8rment of women and th8 advancement of dlverslty and Incluslon, and wlll therefore impact positlvely on the economy of Northem Ireland. . Actlvltlos undertakon to achleve objectlves The WIB Netsvork delivered ov8r 75 events wlth 4316 women engaged durlng th8 year. Thls Included an All Island Female Entrepreneurs Conference, a L8adershlp Conf8rence, a Women in Tech Conference and two Awards and a Chalrs lunch. 12 programmes were delivored 3 tlmes during the year includlng Yes You Can Female Enterprlse Support Programme and the Women Retum8rs Programme Press Refresh funded by the Dept of th6 Economy and dellvared In Partnarshlp wlth Belfasl Met. d. Maln actlvltlg8 undertaken to furth•r the compan8 purpose$ for tho publlG boneflt The V¥qB membership growth, events schedule and programmes delivered. in partlcular the Yes You Can Programme, and Press R8fresh. Diversty Mark Nl's continued grovrth, with new slgnatories and accessors and the launch of a new business unit Tlmely Careers for Women retumers in Jan 23 were the main activilies in achieving the obj8Ctives and futhering the charity's purposes for th8 public benefft.
WOMEN IN BUSINESS NI LTD (A COMPAPfl UMITED BY GUARANTEE) FINANCIAL STATEMENTS FOR THE YEAR NDEO 31 MARCH 2023 TRUSTEES, REPORT {CONT'D) Achlevements and erfomiance a. Maln achievements of the company WIBNI Ltd: Grew membership by 975 to 7515 New website launched Launched a Timely Careers - 540 vrfomen returners registered and delivered 4 events with 74 delegates. Delivered a full schedule of evants, conferences, and programmes DMNI Ltd Grew sSgnatories to 35 Increased accessor panel to 12 Awarded first gold accreditatkon Delivered 6 industry events b. Revlew of activltlos WIBNI are p18ased with the p8rformanc8 of tha charity during the year. Company objactlves were dellvered and the charfty is in a 80und financial positSon at th8 year and. ¢. Factorn rolevant to achlevo objectlves The Charity has 3 key 8Ctlvities focused on the delivery of objectives., membership events, conferences and programm8s, Tlmely Careers women returners support and Diversity accredltatlon. d. Fundralslng actlvitlos and Incomo generatlon The Charlty dld not fundrai88, Income generation is malnly through membership fees, events proffts, sponsorships and Diversity Mark signatory fees. e. Invastm•nt poll¢y and perfomiance The Charfty currently hold no investments, any cash held is used for activitles and cash flow throughout the year. Flnanclal revl . Golng concem After making appropriate enqulries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the flnandal statements. Further detalls regard5ng the adopuon of th8 going concem basls can b8 found In the accountlng pollci88.
WOMEN IN BUSINESS NI LTD (A COMPANY UMITED BY GUARANTEE) FINANCIAL STATEMENTS ENDED 31 H 2023 FOR THE TRUSTEES. REPORT (CONT'D) b. Reserves pollcy The total reserves of the charity as at 31 March 2023 were £249.968. It is the policy of the charity that unrestricted reserves which have not been designated for a particular purpose should be maintslned at a level to ensure that in the event of a significant drop in funding, it will b8 able to continue the charity's current activities for a period of between three to six months, while consideration is given to ways in which additional funds may be raised. Matsrlal Investments poIIcy The Charity do not hold any Investments. d. Princlpal rl8ks and unc•rtalntlo8 Th8 Charty has dev8loped a draft risk reglster for rev1 and approval wtth th8 board. •. Flnanclal risk managgm•nt obJ8ctlve• and pollcles The Charity has developed a draft risk register as noted above. f. Prlnclpal fundlng The charlty is fund8d through M8mbership fees, events profits, sponsorship and signatory fees. structure ovemance and mana erne . Constitutlon Women in Business Nl Ltd Is registered a8 a charitable company Ilmited by guarantee and vrds set up by a Memorandum of Assoclation. The company is constituted under a Memorandum of Assoclatlon dated 1210412005 and 18 registered charity (NIC103815) and a company {N1054763). The nam8 of the charity is Women In Business Nl Ltd and the address of the prlnclpal office and registered offlc8 Is located at Arthur House. 41 Arthur Street, Belfast, BT14GB. The names of the trustses durfng the perfod wero as follows: Anne Clydesdale Paula Leathem Keith Lippert Mairead Mackle John Mccully Andrea Mcllroy-Rose Jons Mlnne Angela Moor8 Nichola Robinson, Chalr Sir Davld Sterling
WOMEN IN BUSINESS NI LTD {A COMPANY LIMrrED BY GUAPANTEE) FINANCIAL STATEMENTS FOR THE EAR ENDED 3 MARCH 2023 TRUSTEES, REPORT {CONT'D) The principal object of the company is to create a more equal and diverse community in Northem Ireland and thereby deliver a better economy and society In Northem Ireland by supporting and encouraging women insofar as Is exclusively charitable to reach their full potential in buslness. b. Method8 of appointment or alection of Trustses The management of the company is the rasponsibility of the Trusteas who are elactad and co-optad under th8 ienns of the Memorandum of Association. Trustees are chosen to maximise the breadth of experience and knowledge of the Board as a whole. c. Organlsatlonal structure and decl8ion4naklng pollcles WIBNI is l)oth a charity and a company limited by guarantee and is govemed by its memorandum and artlcles of assoclation. The recruitment of elected and co-opted trustees is conducted by the Board of Dlrectors. Directors are re-e18Cted at the Annual General Meetlng. The Board of Dlrector8 meets quarterly to over8ee the management of the charity. The Board of Directors employs a Chief Executive who bs responsible for the day-to-day management of the charty. The Directors have a Strateglc Plan In plac8 for 2018-2023. Pollcles and procedur8s are revlew8d on an on-golng basls. d. Pollcies adopted for tho induction and tralning of TrusteOS The charlty r8cognises that a h8althy tumov8r of board mernbers ensures that fresh and independent thlnking Is available and strengthens the corporate govemance of the organlsation. The charity has new directorltrustee recruitment & induction process policy outlined In our govemance manual for tlmelines for recruitment to our board. The policy is currently under review. •. Pay pollGy for koy managomont personnel A sub committee will review the pay and remuneration of staff mambers on an annual basis taking into account avallable resourcing and levels of remuneration In other charitable organisatlons. f. R•latsd paty rnlatlonshlps The tharlty does not have a formal pollcy in place. However. all Trustees are required to declaro any related party relationships they have at the board meeting. g. Flnanclal rlsk management The Trustee5 have assessed the major rlsks to which the company Is expos6d. In partlcular those related to the operations and finances of the conipany. and are sat15fied that systems and procedures are in place to mitigate exposure to the major risks.
WOMEN IN BUSINESS NI LTD (A COMPANY UMITED BY GUARAKfEE) FINANCIAL STATEMENTS FOR THE YÉAR ENnFD 21 MNRC 2023 TRUSTEES. REPORT (CONT'D) Plans for future perlods Women In Business Nl Ltd plan trj continue with the current activities to achieve the stated aims and objectsvas. Th8 further plans of th8 Charity will b8 reviewed at the Strat8gic Plan review which is ongoing. In April 2023. a r8solution was passed to merge Dlversity Mark (Nl) Ltd and Women in Business Nl Ltd. Diversity Mark (Nl) Ltd will remaln a domiant company. Funds held as custodlan There are no funds held as custodian. ststement of Tru8ta88' respon8lbllitleB The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Klngdom Accounting Standards (Unit8d Kingdom G8n8rally Accept8d AGGountlng PraGtlcè). Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statement5 unless they are satisfied that they give a true and faSr view of the state of affairs of the company and of its incoming resources and appllcation of resources, includlng its income and expenditure, for that period. In preparing these financlal statements, the Trustees are requlred to: select 8Uitabl8 accounting policies and then apply them consistently., obseNe th8 methods and prfndples of the Charities SORP (FRS 102): make judgements and accounting estimates that are reasonable and prudent; state whethar applicable UK Accountlng Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial 8tatsments', prepar8 the financlal statements on th8 going conc8m basis unless It Is inappropriata to presume that the company will continue in business. The Trustees are responslbl8 for keeplng adequate accountlng records that are SLrfficlent to show and explaln the company's transactlons and disclose viith reasonable accuracy at any tlme the financial position of the company and enable them lo ensure that the fjnancial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the cornpany and hence for taking reasonable steps for the prevention and detection af fraud and other IrregularitSes. Dlsclosurn of inforniatlon to audltors Each of the persons who are Trustees at the time when this Trustees, report is approved has confirmed that: so far as that Trustee is aware, thera is no r6levant audit infomiation of which the charity's auditors are unaware. and that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any revant audit inft)rmation and to estsbllsh that the tharivs auditors are aware of that infomiation.
WOMEN IN BUSINESS NI LTD {A COMPANY UMITED BY GUARANTEE) FINANCIAL STATEMENTS FnR TMF YFAR FNnED IAARf.H ?n?? TRUSTEES, REPORT {CONT'D) Auditors The auditors. Harblnson Mulholland, have Indicated their willingness to continue in offlce. The designated Truste8s wlll propose a motion reappointing th8 auditors at a meeting of the Trustees. Approved by order of the members of the board of Trustees on and sign8d on their behalf by: CWL John Stephen Mccully Trustee Date