WATERSIDE WOMEN'S CENTRE
MANAGEMENT COMMITTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2023
The Management Committee present their annual report and finanaal statements for the year ended 31 March
2023.
The financial statements have been prepared in accordan￿ with the accK)unting policies set OLrt in note 1 to the
financial statements and comply with the charity's Constttution. the Charities Act (Northem Ireland) 2008 and
"Accountin9 and Reporting by Charities= Statement of Recommended Practi￿ applicable to charities preparing their
accounts in accordan￿ wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS
1021" (effective l January 2019).
Objectives and activities
The principal activity of the Waterside Women's Centre is to create learning opportunities that are geared towards
meeting women's needs and aspirations. Help women gain the Confiden￿ and skills needed to PartI￿pate in
social, family, educational, community and economic life. Support women and children by providing quality onsite
childcare.
Waterside Women's cent￿ is managed by the Trustees who are responsible for the management of the charity.
The Trustees meet monthly to oversee the management of the Centre. The Management Committee employs
Centre Coordinators who share the responsibility for the daY-t0￿daY management of the Centre.
The Management Committee have paid due regard to guidance issued by the Charity Commission in deciding what
activitie5 the charity should undertake.
Achievements and perfomiance
In 2022123 Waterside Women's Centre continued to focus on the needs of the community to ensure woman and
children received support to enable them to rebuild their lives and community after the impact of COVID-19 and the
continuing cost-of-living crisis. The work of the Centre is focused on women's empowemient and having access to
opportunities to shape their lives and the lives of iheir families. We meet our aims by providing access to a holistic
range of activities including education, training and skilEs wth support provtded through our on-stte crèche with
those women requiring childcare.
Staff training and development was promoted and enwuraged. And we continued our successful partnership with a
range of tutors and organisations who prowde programmes and activtbes. We continued to offer opportunities for
women to achieve goals for their future.
Trainin
Education and Women's Em
owerTnent
Our courses and empowemient programmes continue to provide high qualty capacity building programmes for
women in safe and welcoming space. The range of accredited and non-accredited courses on offer reflect our
responsiveness to members surveys and consultations.
Health and well-being remain a core part of our programme and we offered a range of sessions supporting women's
physical and mental welkbeing when we celebrated International Women's Day.
We delivered a range of courses to 892 women. We believe this figure demonstrates our capacity to work wrth our
funders in delivering a wide range of courses and serwces to women to continue lo support them through the
current dtfficult times and prepare them for the future.
Childcare
Our creche staff promded 2.257 places for child￿n to support their development and allow their rnums I carers
opportunities to attend training and development sessions. We welcomed 49 new families and 106 children
throughoul the year. We are still working hard to deliver the services needed by families with pre-school children
who have had quite a difficuft start due to the circumstances of COVID lockdowns and the strange times we've been
though. We had our regular inspection by the Eady Years Service of WHSCT with an excellent report confirming
no requirements for Complian￿ nor areas identified for improvements.

WATERSIDE WOMEN'S CENTRE
MANAGEMENT COMMIThEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Financial review
Total income for the year was £211,192, of which £205,714 represents granl fvnding received for projects and
£5,360 was generated from user contributions to course fees. The balance of income represents small donations
from users.
Total expÈnditure by the charity was £204.885. of which £181,698 related to direct charitable activities, and £20.967
related to management and administrdtion costs.
The Management Committee have assessed the charity's reserves requirement5 at the year end and determined il
appropriate to designale an additional £10,000 at the year end to designated ftjnds, which represent 3 months costs
of operating the charity. This increase is to reflect the impact of increased costs faced by the charity as a result of
Ihe cost of living crisis.
The charity had net assets at the yearond of £111.765, of which £35,875 were held as restricted funds, £45,000
were held as unrestricted fvnds designated by the Trustees to cover costs in the event of a shortfall in funding, and
£30,890 were unrestricted in nature.
Reserrfes policy
The Management Committee consider it prudent to hold monies in reserve in the event unforeseen circumstances
should lead to financial difficulties which might PLrt the fLrture of ils employment Capa￿ty, general charstable work
and propety in jeopardy. The organisalion is currendy working to meet unprecedented challenges created by the
pandemic and the emerging cost of liwng crises.
The Management Committee consider that reserves should be equivalent to 3 months of operating costs calculated
annually. Resetves at this level will ensure that, in the event of a significant drop in fijnding they will be able to
continue the ¢harWs activities while consideration is given to ways in which additional funds may be raised. The
Management Committee assess that three months of operating costs amounts to approximately £45,000 and have
set aside this amount within a designated fund. This is to ensure sustainability and growth of our support services,
investing in the Maintenan￿ of Ihe facilities required to meet our aims for women and children. The Management
Committee will rewew the appropriateness of the policy annually.
Structure. govemance and management
The Charity is an unincorporated organisation govemed by its Constitution which sets oul the objects and powers of
the charity.
The Managemenl Committee who served during the year and up to the dale of signature of the financial statements
Geraldine Compton (Chairperson)
Hilary Hamilton Ivice Chairperson)
Christine Mclvor (Secretary)
Marian Kerlin (Treasurer)
Bernadette Duddy
Emma Johnston
Monica Sherry
Cheryl Wannell
(Appointed 21 June 2023)
(Appointed 21 June 2023)
(Resigned 1 May 2023)
Recruitment and appointment of members of the Management Committee
The Management Committee manages the process of recruitment and appointment of new members in accordance
with the provisions of the chartty's Constitution. The charity shall be managed by a Committee consisting of a
Chairperson, Vice-chairperson, Secretary, Treasurer and not less than 2 members of the charity elected by and
from amongst the members present and voting at the AGM. The Management Committee has the power to co-opt
further members provided that the number of c￿ptionS does not exceed one-third of the total membership of the
Committee.
The charity provides new members of the Management Commtttee wtlh specific details of what Iheir role entails and
also their responsibiif(ies in tems of governance within the organisation.

WATERSIDE WOMEN'S CENTRE
MANAGEMENT COMMirrEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Statement of Management Committees. responsibllities
The Management Committee are responsible for preparing the Management Commtttees, Report and the financial
statements in accordance with applicable law and United Kingdom Accounting Standards (Untted Kingdom
Generally Accepted Accounting practi￿).
The law applicable to chartties in Northem Ireland requires the Management Committee to prepare financial
statements for each finanaal year which give a true and fair view of the state of affairs of the tharity and of the
incoming resources and application of resources of the chanty for that year.
In preparing these financial slatements. the Management Comrnittee are required to..
select suitable accounting policies and then appiy them consistently-
- obseNe the methods and prtnciples in the Charities SORP;
- make judgements and estimates thal are reasonable and prudent:
state whether applicable accounting stsndards have been followed, subject to any material departures disclosed
and explained in the financial statements,. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The Management Committee are responsible for keeping sufficient alxounting records that disdose with
reasonable accuracy at any time the finanual posity.on of the charity and enable them to ensure that the financial
statements comply with the Charities Act (Northem Ireland) 2008. the Charity {Accounts and Reports) Regulations
(Northern Ireland) 2015 and the prowsions of the trust deed. They are also responsible for safeguarding the assets
of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Independent examiner
We thank Moore Nl LLP for their work in completing the independent examination, and understanding the
complexty of the range of funding we've been Su￿eSsful in securing to deliver our aims.
The Management Committees, report was approved by the Board of Management Committee.
Geraldine Compton (Chairperson)
Committee member
11 October 2023