Reglstered company Nurnber N1633767 Re8lStered Charlty Number 104660 Report of the Trustees and Flnanclal Statements For the year ended 30th September 2023 Givln8 Llfe Opportunltles tu Women {GLOW
Contents Page Report of the Trustee5 Independent Examlner's Report Statement of FinanGlal Actlvitie5 Balance Sheet Notes to the Financlal Statements Oetalled Statement of Financlal Activitie5 10-15 16-17
Glow - Glvlng Life Opportunltles to Women Trustee's Report th For the year ended 30 September 2023 Réport af thé Tyustees TPe:"us::es Kvhc are also directors of the charity for the purpose5 of the Companle5 Act 20JE. p:e5e- heir". eport with the financlal statements of the charity for the year ended 3J:- Sep-.aryter 2P23. The trustees have adopted the provisions of Accountin8 and lepc-, 8J¥ "8rStie5', Statement of Recommended Practice applicable to charitles repar g tF4aif accoJnts in accordance with the Financial Reportin8 Standard applicable in "e L < 3r.- 4ek+ublic ot Ireland {FRS 1021 (effective l January 20151. Objective5 and Actlvltles ¥> beo" e5tabllshed to promote personal development, positive mental health and es for Ihe benefit of Indlviduals and families from North and West Llelfast dirg environment In Cuunty Antrlm without dlstin.ction of 3Be, gender, i53bili:y, Sexual orientation, nationality, ethnic identity, political or rellglou5 550ciating statutory aijthorltles, community and voluntary ar8an153tlons and the è ccwmon effort to advance health and wellbein8 Wlthin the area In -e Nellbein8 of beneflciaries by the provlslon of a safe envlronment and an ersonal, mental and physical wellbein8. Reserye5 Policy '.ninum Operatlng Reserve Fund Is equal to three months of average operating the flnancial stablllty and continued provlslon of ongolng operations and -, e Operatln8 Reserve serves a dynamlc role and will be reviewed and ', esoonse to internal and external changes. The Operatin8 Reserve Fund wlll be sJrpluS unrestrlcted operatlng funds, Restrlcted reserves wlll be used as he funders, contract5. l FJFIE, GCVERNANCE AND MANAGEMENT .Ig Document ,s =ontrolled by its governing document, deed of trust, and constitutes a Ilmlted l Ti".ed by 8uarap,tee, as defined by the Companies Act 20D6. RèSCE AND ADMINISTRATIVÉ DFfAILS es r.e."ed Company Number eM Ireland)
Reglstered Charity Number Re8lstered Offlce Unit Bill 1st Floor, Old Mill, Conway Mlll S . / Conway S'treet Belfast BT13 2DE Trustees Renée O'cleary (Chair) Ileanor McGuckin (Chair) Jane Mccarthy (Secretary) Paula Mccann (Treasurer) Orla Eastwood ITreasurer) Oonagh Desire Mlchele Tennyson Llsa Mont8omery Colette Donnelly Appointed chalr 23.01.2024 RÈsl8ned 23.01.2024 Appolnted 14.10.2019 Resl8ned 28.07,2023 Appolnted treasurer 28.07.2023 Appolnted 04.08.2020 Appolnted 04.08.2020 Appolnted UI.02.2019 Appointed 01.03.2023 Company Secretary Jane Mccarthv REFERENCE AND ADMINISTRATIVE DETAILS Indgpgndent Examln8r Campbell Rltchie Chartered Accountants Ltd 21 Warnock5 Lane Coleralne Co. Londonderry EST5211H th Approved by order of the boijrd of tru5tee5 on 30 January 2024 and slgned on behalf bv: Trustee (Chairl Orla Eastwood - Trustee (TreaSarer)
REPORT OF THE TRUSTEES -1 5'ie2" iYa5 8 year of knial enges for GIOW and It5 board. Glow'5 CEO of 11 years resigned and .'e= o-=0 a £=Sel di, e'eit path. =unding was becomlng difficult to obtain, whilst the need for riryiQS cJr.tjiJpd ta g'ow. -he baard of Glow recruited a new CEO who will take the o.ie'w '.£ s, 1[.11 new p?rtier5nips both wlthln the corporate and Communlty sector. tie Y3','<e:pia:e for Ihe foreseeable fuiure. -ie-r o, iew Kev s-aff aioig Wi44 thelr eYtiJs'asm to promote and dellverthe work that ,It 'is reputatioi on wii l ensure that the orga p Isatlory wlll thrlve and grow golng forward. J. new Cio will be workln8 on enhancing our pro8ramme5 +or the women and 8lrls who use our 5ervlce5, to ensure that their volce5 are beln8 heard 8nd -hel- need5 met. 3u Ildi ng key partnershlps within the Community and Voluntarv sector will create sustalnability for Glow and enable us to take oui. programmes Northern Ireland wlde and deliver to the m05t vulnerable women and 8ir15 Wlthin areas of hi8h deprlvatlon and rurEI15glation, There will be big changes for the New Year; we will be re-brandin8 Glow, Movln8 premises and launchlng our re-developed programmes in Sprln8'24. The 8oard of GIOW are looking forward to contlnued growth of (iLL)w ano 5UPPOrting:. ne iew CEO Ir) achlevln8 this, ?e.-ée v Cieary Ciar
Glow- ivin Inde endent Exa- n,E- For the ear enoec 3Q-_ 5. ,e.TO=: 2023 I report on tb.e acccL-. out on pages 7-17. -r year ended 30th September 2023, which are se.. Res tlve r trus ees mlner As the char5ty's trustees 'ard 8150 the dlrectors for the purposp5 of Company Law) you are respon51ble for the preDarat on of the account5 In accordance with the Charitle5 Act (Northern Ireland) 2008 ano 'he Companles Act 2006. It Is my responsibi1Sty *o', examine the accounts under section 65 of the Charlties Act follow the procedures laid down in the general Directlons given by the Commlsslon under section 6519llbl of the Charities Act state whether partlcular matters have come to my attention. asls of inde endent examiner'5 re ort I have examined your charity account5 as requlred under section 65 of the Charlties Act and my examlnation was carried out in accordance with the general Directions glven by the Charity Commis51on for Northern Ireland under 5ectlon 65(91[bl of the Charitles Act. My examlnation Included a review of the accounting records kept by the charity and a compari50n of the account5 presented wlth those record5. It also included conslderation of any unusual item5 or dlsclosares In the accounts and seeking explanations from you as charity trustee5 concerning any such matter5, My role is to state whether any material matter5 have cume to my attention givln8 me cabse to believe: That accounting reco• ds were not kept iri accordance with section 63 of the Charitle5 Act 2 T ay tle accounts do not accord wit, those accounting records ,E aiCOLnts do not ccrnply with the accounting requirements of the Charlties Act -.or= is fu.ther information needed for a proper understanding of the accounts to
Inde en nt miner's statement I have completed my examination and have no concern5 In respect of the matters (l) to (4) listed above and, In connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attentlon. Ashley Campbell FCA Chartered Accuuntant 21 Warnock's Lane, Coleraine, BT52 ITH 30th January 2024
Statement of Financlal Activities Givin Life O ortunities to Wornen Year ended 30th Se mber 2023 Unrestricted Re5trlcted funds fund5 Prior year funds Total funds Income (note3) Income and endowments from., Donations and legacies Bank interest recelvable Grant5 re5trlcted Other inLome ratal 35,122 166 35,122 166 163,863 31,643 230,794 262,784 163,863 31,643 66,931 21,666 284,450 163,863 Expendlture {note 6) Expenaiture 01): Other tradin8 actlvlties Ra's,'r8 funos 16,531 16,531 13,388 Charltable actlvltles (dlrect costs) 13.882 186,573 200,455 216,224 Support costs 5,439 5.439 5,472 Othe. 73 720 793 808 Tcta., ffesoarces expended 35,925 187,293 223,218 235,892 'e'. e liexpendlturel belore ',ie 'eJortlng perlod 31,007 23,430 7,577 48,558 "S =e'.o,aen funds 783 783 'Jnds 30,224 22,647 7,577 48,5i8 cs 75,533 133,042 87,733 52,886 140,6&9
8alan£e Sheet Givin Llf@ O crtuniries to h'a.me Year ended 30th Se tember 2023 Unrestricted Re5trirted funds funds Total fund5 Prior year funes Note FOI F02 F03 FQ4 Flxed Assets Tangible assets 3,740 3,740 8,838 Current Asset5 Stocks Debtors Cash at bank and in hand Total current assete 3,102 ,700 122,xq.3 99,785 99,785 -18,642 1.48,42.7 38,642 138,427 Credltor5: amounts talling due wlthln i Year 10 1,548 1,54 3,181 Net current a55et51(liabllltiesl 101,977 38,642 140,619 133,042 Tota I net a5sets/lllabll ities) 101,977 38,642 140,619 Funds of the charity Ros:riced funds Urresrricred tunds 52,886 52,886 87,733 52,8116 140,619 87,733 75,533 57,509 1,83,042
Glow- Givin Balance Sheet For the e4r ended 30th Se Llfe O ortunities to Women tember 2023 The charitable company Is entitled :o exemptlon frorr, aiJdlt under Section 477 Of the C¢imp8nies Act 2005 for the year ended 30 Se?tember 2023, The membè.r5 have not reauired tie comJany to obtaln an audlt of its finènclal £tiJtements for the year endLd 30" SeptembÈ.r 2023 iii accordance with Section 476 of the Corr,panles Act 2006. Tle trustegs ackn.owledge the. I r responsi bil Ities for: l a I cnsurl nF. th a+ tb,p clia rltè ble. company keeps accoijnt.lng record 5 *hat comply WIt Set.tlr)ns 386 inc 487 of Ccmpdnies Act 2006, 2nd.. i 01 Prepa'ing f'ranci£l,' btatements whlch glve a true and fair view of thp state of af¢airs of the ch?r ay'e compdny a) at the end op 30" September 2023 and of its surplJs or dEI-icit'or each finar,, ',al yesr in accordgnce wlth the requlrements af Sections 394 and 395 Jnd wh c .le.'-I'1 se'"omply w',th Ibe requirements of the Compaiiies Act 2006 relating to financia, s-.a',&iien:s. so far as 15 applicable to the. chari:able c,ompany. Se ": ianci81 statement.s have bp.en prepared In accard¢i nce wlth the speclal provis ions of Part 15 - r.ies Act. ?006 1 elat.lng to c harltablp smal I compaiig.S. '.aceme11ts were approved and authorlsed for issue by thc t3oard of Trustees or. 30 th "c vjere signp.d Jn its bp.hcilf by., Orla _a5".wood-Trastee IlreasJ". erl
Glow- Givln Life O Accountin Policies For the ar ended 30th Se ortunities to women tember 2023 ACCOUNTINfj POLICIES Bas1$ ol preparln8 the flnan¢lal statements The f inanclal statements of the charltable company, whlchls a publlc benefit entity under FRS102, have been prepared in accordance with the Charltles SORPIFR51021 'Accounting and Reporting by Charltie5: Statement of Recommended Practice appllcable to charltles prÈp2ring theii ?ccounis In acc,oYdance wlth the Flnancial Reportin8 5t?ndBrd Bpplicable In tne UK and Republ,c of Ireland (FRS1021 (effective l January 20151,, Flnancial Reportill8 Standard 102 'The Financial Reportlng Standard applicable in the UK and Ireland, and the Companle5 Act 2006. The flnanclil statements have been prepared under the hlstorical cost oivention. Income 41 income s recognised In the Statement of Financlal Activities once the charlty nas eiii ernen-. to the funds, It Is probable that the Income will be received, and the amount can .e Teasured reliably, Expendlture a ? i'ties are reco8nlsed as expenditure as soon as there Is a legal or constructlve otsllgation c?rr r Ittin8 the charity to that expenditure, it15 probable that a transfer of economlc ce?e'i4S wlll be reoLJired In settlement and the amount of the obllgatlon can be measured xaeiditure Is accountod for on an accruals basis and has been classified under headin8S -,at aggregate all cost related to the category. Where costs cannot be dlrectly attributed tD a,liCU',ar headin85, they have been allocated to actlvltles on a basis consistent with the use esources, Tanglble Flxod Assets eprec,'a +lcn has been prnvlded at the followSn8 annu81 rates in order to wrlte off each asset .ted useful life. puter equipTP,ent "2 equiprr,ent ce +J"ni:Jre 25% on c05t 25% on cott 33% on cost
Stocks Stocks are valueo a= e ICW'e- for obsolete and 5i0W mcv rg teT5. ne'."ea,Isat e'la ue, after mak',ng due aSlowan:e Taxatlon The charity is exempt from corpora: Dn tax on t5 cha ritable actlvlti es. Fund aciountlnz U nrestricted f unds ca n be used In accordance with rhe. charltablÈ, oblectlves at the dlscretio i of the trustees. Restrlcled f Jnds ca n only be used for partlcular restrictecl purposes within the o?ject$ of t he charlty. Restrlctlons arise when specifled by thp donor o,. when funds are ralsed for a particular r e5tTILted PUTP05e. Further explanation of the nature and purpose of each fund In included In the note5 to the flna ncia I statements. Penslon costs and other p05t.retlrement beneflts The charltable com pany o perate5 rl deflned contri butlon pension scheme. Contrlbutlons payable to the charitable company's penslon scheme are char8ed to the Statement of Flinanclal Actlvltles in the perlod to whlch they relate.
0 4es to th e Financial Statement$ GIVI Life O ortunltie5 to Wo Vea. ended 30th Se tember 2023 Unrestrlcted Restrlcted funds funds Prioryear funds Total funds 2 Donation ies onatiois and gifts 34,954 168 35.122 34,954 168 35,122 32,677 32,677 163 863 163,863 230,107 th ctlvltle "4 sales 31,643 31,643 21,666 In •re5t r c•lva 160 166 TOTAL INCOME 66,931 163,863 230,794 284,450 Unr•strlctod R95trlctgd lunds funds Prlor year funds A-aiysis ol Grants Total funds e'a¢: ".v Council ?ai,a Crcs5 %ai Health eed 5,500 3,695 57,654 10,000 24,000 5,000 soo 37,791 10,000 37,791 10,000 4Jtiorltv ¥rydat:on .* esian Trust 2,200 2,200 25,000 4,800 25,000 4,800 4,000 Cllarltable 50,000 3,740 19,621 398 3,000 43,000 2,240 9,970 10,275 3,000 43,000 15,588 163,863 2,240 9,970 10,275 3,000 43,1)00 15,588 163,863 tt¢ry ¢4W
3 Net Income ex enditure et i ncomellexpenditbirel '$ stèted afr4e" "har8 p&, crei.,+iigl' 3010912023 3010912022 De oreciation (owned assets) 5,437 5,472 a Trustees, r neration and b•nef5 bere were no trustees, remuieration or other benefit5 for the year endp.d 30tlI, september 2023 nor for the prevlou5 year. There were also no expenses paid to any of the tru5tees' in these periods, i Staff -e average monthly number of ernplcyees durlng the year was as follow5.. 3010912023 3010912022 dTinistr•tion stgff 11 G e.Tployee5 recelved emoluments in exces5 of £60,000. 7 T Ible Craft Offlc• Comput•r equlpment equlpment •qulpmont TOTAL Cpjt At l October 2022 Add t'on 15,765 855 340 1,195 5,17B 21,798 340 22,138 At 30 September Z023 15,765 5,178 Dtpreciati¢n 8,523 3,941 12,464 397 359 756 4,041 1,137 5,178 12,961 5,437 18.398 a- 3= Sep:epnber Z023 7,242 3,301 459 439 1,137 8,838 3.740
8 Stocks 3010912023 3010912022 Acrr,inistratlon 3,102 Unrestrlcted Restrirted funds funds Prlor year funds Totsl funds 24 220 645 417 99 65 33 23 87 85 'or Vates Yental health grant "3el Mcligorm 4vivewear -cr Café ?orrLltrYent "oi:rol account 1,700 'e',tQ'5, amou wl hlnj Unrostrlcted R•strl¢t•d funds funds Prlor year funds Total funds Is:;ibutors 88 86 251 60 99 rmJnity House 800 28 800 28 accoun. 79 1,592 129 795 3.181 720 1,548 720 1,548
11 Movement In funds 0111012022 b/f 3010912023 ¢/f Fund names Incorne Expenditure Transfer Geneial fund Total unrestrlcted funds •5 per balance sheet 57,509 66,931 35,925 783 87,733 57,509 66,931 35,925 783 87,733 011101202Z bll 3010912023 If Income Expendlture Tran51er Fund names Albert Hunt BBC Soclal Enterprlse Comic Relief Davld Crcss Mental Health AF C51Ildren in Need ducatlon AuthorSty 4enry Smith enry Smith Accured Accountancy .ob Start 5,500 10,500 5,5au 16,489 5,989 16,904 37,791 44,253 10,442 6,257 2,739 8,975 10,000 2,200 11,127 3,113 8,975 5,130 1,827 795 58 795 2,240 2,181 National Lottery C4W Souter Taylor Yate5 Trust House Tudor Trust Edue, Summor scheme ROSA Enkalon PHA Youth PHA Adult N3tlonèl Lottery Awards for 875 1,395 15,588 3,000 14,073 4,395 2,389 23,224 43,000 43,556 22.668 5,440 4,835 5,440 4,854 19 9,970 25,000 a rfie',d -rust 9,970 3,471 21,529 12 12 "ay 4,800 163,863 1,807 187,293 75,533 2,993 52,886 783
Je'aile4 Statement of Flnanclal Activitlas Life O ortunities to Women Waa. eraed 3Ctyh Se tember 2023 Unrestricted Restrlcted fund5 funds Prior year funds Note Total funds am4 rer,ts frcm: 35,122 166 35,122 166 163,863 31,643 230.794 32,677 163,863 230,107 21,666 284,4SO 31,643 66,931 163,863 Ey,2•-. 'J¢ -.£ ac"&ivltles 3,102 13,429 3,102 13.429 2,550 13,940 3,102 13,388 16,531 16,531 ?tr,e ayivltles Idlrect costs) 5,567 122,633 908 242 1,358 262 999 2,034 Z,234 55.904 186,573 128,200 908 242 1,358 368 999 2,080 2,234 64,067 200,455 133,554 1,483 2,459 1,128 363 784 5,969 2,644 67,839 216,223 106 <4ationery ce èx?ev,sos 46 e ccsts 8,163 13,882 Sknpport costs "c roiew31s 5,439 5,439 5,439 5,439 5.472 5,472
Unrestricted Restricted funds tunds Prior ye?: furds Note Total funds Other Bank charges Sub5criptlons Accountancy 73 73 720 720 793 793 808 8J8 Total resources expended 35,925 187,293 223,218 235,891 Net income/(expendlture) before tax for the reportln8 period 31,007 23,430 7,577 48,559 Transfers betwegn funds 783 783 Net movement In funds 30,224 22,647 7,577 48,559 Reconclllatlon of funds Total funds brou8ht forward 57,509 75,533 133.043 84,484 Total fund5 carrled forward 87,733 52,886 140,619 133,043