**COMPANY REGISTRATION NUMBER: NI060834 CHARITY REGISTRATION NUMBER: NIC105725**
## **Northern Ireland Rural Women's Network (NIRWN) Company Limited by Guarantee Unaudited Financial Statements**
**31 March 2025**
## **KELLY & O'NEILL LTD**
Chartered accountants 15E Molesworth Street Cookstown Co. Tyrone BT80 8NX
## **Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
## **Financial Statements**
## **Year ended 31 March 2025**
||**Page**|
|---|---|
|Trustees' annual report (incorporating the director's report)|**1**|
|Independent examiner's report to the trustees|**6**|
|Statement of financial activities (including income and||
|expenditure account)|**8**|
|Statement of financial position|**9**|
|Notes to the financial statements|**10**|
|**The following pages do not form part of the financial statements**||
|Detailed statement of financial activities|**21**|
**Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)**
## **Year ended 31 March 2025**
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.
## **Reference and administrative details**
**Registered charity name** Northern Ireland Rural Women's Network (NIRWN)
**Charity registration number** NIC105725 **Company registration number** NI060834 **Principal office and registered** Unit 5 **office** 20 Sandholes Road Cookstown Co. Tyrone BT80 9AR
## **The trustees**
P Buckley F Kerr A McVicker (Resigned 12 May 2025) M Murphy M McSorley L Mooney C Fitzpatrick (Resigned 21 July 2025) M Byrne (Resigned 7 October 2025) **Independent examiner** Cathal O'Neill FCA 15E Molesworth Street Cookstown Co. Tyrone BT80 8NX
**1**
## **Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 31 March 2025**
## **Structure, governance and management**
The charity is a company limited by guarantee incorporated on 29 January 1997. The company was established by a Memorandum of Association and is governed under its Articles of Association.
The Trustees, who are also directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
P Buckley F Kerr A McVicker (Resigned 12 May 2025) M Murphy M McSorley L Mooney C Fitzpatrick (Resigned 21 July 2025) M Byrne (Resigned 7 October 2025)
## **Objectives and activities**
The Company is established to promote and support rural women in rural Northern Ireland (the “area of benefit”) without distinction of age, sexuality, nationality, ethnic identity, disability, political or religious opinion, by associating the statutory authorities, voluntary organisations and other bodies the inhabitants and in particular:
(i) To promote the efficiency and effectiveness of rural women’s organisations and projects in the area by providing advice, information, education and training, and practical support to such organisations and projects for the benefit of the public.
(ii) To raise awareness among the general public and provide representation to policy makers of the needs and experiences of rural women in the area of benefit.
(iii) To promote or assist in promoting cooperation and networking between women’s organisations in the area of benefit for information exchange and policy consultation.
(iv) To promote the participation of rural women in decision making amongst public bodies in the area of benefit.
**2**
## **Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ **Year ended 31 March 2025**
## **Achievements and performance**
During 2024-2025, NIRWN continued to champion the voices, experiences and leadership of rural women across Northern Ireland, delivering meaningful impact at community, regional and policy levels. Guided by our members' lived realities, we expanded our programmes, strengthened our advocacy and deepened partnerships to address inequality, promote inclusion and support women's participation in civic, cultural, economic and peacebuilding spaces. From creative expression and community celebration to to influencing strategic frameworks and decision-making at the highest levels, NIRWN's work this year reflects both the diversity of rural women's lives and our shared commitment to building safer, fairer and more connected rural communities.
"The Big Quilt" stands out as one of our most impactful projects this year - realising a long-cherished dream within NIRWN. This project illustrates the pride rural women have in their communities through textiles, capturing the essence of what they value and how they convey their unique sense of place. Participants came from diverse sections of our community, fostering a positive and inclusive environment. NIRWN supported our members to attend the first of the 2024 Rural Pride events in Omagh on Saturday 22nd June 2024 where we were proud to display our 'Big Quilt'. The quilt was created by women who participated in our Rural Engagement Arts Programme. We also brought it along to the very first Fermanagh Pride event on Saturday 7th September. This work was supported by the National Lottery Rural Engagement Arts Programme (REAP) delivered through the Arts Council NI (ACNI).
To mark this year's International Women's Day, support was provided to eight of our member groups to organise their own activities to mark the event. It is important to fully embrace and celebrate the diversity, uniqueness and strengths of women. In marking this UN recognised day each year on the 8th March, women celebrate their individuality and prioritise self-care, while empowering themselves to challenge the status quo, inspire change and create a more equitable world for everyone.
We have continued our work linking our membership to key decision makers and political representatives. We have hosted member sessions with Fleur Anderson MP Under Secretary of State for NI; Sorcha Eastwood MP; Rural Team of Sinn Fein and the Minister of DAERA Andrew Muir MLA amongst others. We have represented our members and their issues across all political parties and governance structures, Stormont Committees, Co Design Groups, Policy consultations etc.
An example of our influence in these spaces is the Launch of The End Violence Against Women and Girls (VAWG) Strategic Framework, which recognises particular risks to women's safety and additional barriers they face in accessing to justice, services and support. The accompanying Action Plan for the first two years includes a target to run a community led review of the needs of women and girls facing additional risk of violence and barriers to access services, and to make recommendations in the first phase to include rural women. We are working closely with TEO to support this action. We are confident that this would not have been included in such a vital and long-awaited Strategic Framework without NIRWN's input and representation for rural women at the co design and policy development phase. Through support from Community Foundation NI (CFNI) NIRWN was able to offer bursary support during this period to rural women who experienced homelessness as a result of violence against women and girls.
NIRWN was a Co-Design group member for the NI Women's Parliament with representatives from other organisations from the Women's Sector. NIRWN was delighted to be able to bring three of our members and their supporters to Parliament Buildings on Friday 28th February 2025 to represent the voice of rural women. Speaker Edwin Poots MLA chaired a special sitting of the Women's Parliament in the Assembly Chamber. Key topics addressed included Violence against Women and Girls; Access
**3**
## **Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 31 March 2025**
to Health Services for Women; Unpaid Work; Caring Responsibilities and Affordable Childcare. NIRWN members had the opportunity to speak on issues affecting rural women in their areas.
Over the past year, we have continued to grow our communications and membership, while expanding our programming to respond to the needs of our members. We delivered lots of bespoke training in response to member needs e.g., Taiko Drumming, fused glass, digital skills, scam awareness etc. We developed and led the delivery of a pilot Heritage Project named "Breathing Spaces". This was a shared heritage project aimed at utilising our built heritage spaces, both inside and outside, to explore our commonalities and shared histories, providing neutral, inclusive spaces as an innovative way to approach Good Relations.
Our work on our Women Breaking Barriers Project moved into year 2 of delivery under the UK Shared Prosperity Fund. At the end of year 2 of the regional project, NIRWN had worked with 378 'economically inactive' rural women. 76 of these rural women were supported into sustained employment. There was consistent demand for spaces on the project, and the participant focused nature of the design and delivery created meaningful outcomes. It is evident that when barriers such as confidence, caring responsibilities and travel costs are addressed, rural women are keen to engage.
During the reporting year, NIRWN continued to deliver and strengthen women-led peacebuilding, gender equality and civic participation through the Women's Spaces programme and associated policy, research and public engagement activity.
Now in its third year, the Women's Spaces partnership programme, supported by Department of Foreign Affairs and Trade Ireland, continued to build rural women's confidence, leadership and capacity to participate meaningfully in peacebuilding and decision-making. The programme is shaped by women's lived experiences and provides safe, inclusive and trauma-informed spaces for dialogue, learning and leadership development. In Year 3, the programme engaged with 278 participants, a significant growth year on on year, demonstrating both reach and sustained demand for this work across rural communities.
A key highlight of the year was the launch of the Pillars for Peacebuilding Toolkit, coordinated through the Women's Spaces programme. The toolkit provided a practical framework to support women and women's groups to engage in peacebuilding across rural and shared spaces. The launch event attracted over 170 participants, attending both in person and online, reflecting strong interest and sectoral engagement.
NIRWN continued to work with CFNI on "Nothing About Us Without Us." NIRWN ensured that rural women's voices informed programme design, policy development and advocacy activity, particularly for women who are under-represented in public and civic spaces. NIRWN offered many opportunities for our members and rural women to engage, including the delivery of a four-week programme called "Visible Vocal and Valued", as well as online bespoke training.
Gender focused peacebuilding work was further developed through collaboration with Social Change Initiative (SCI), including work connected to an Icelandic research initiative on gender equality. This work explored international best practice and its relevance to Northern Ireland, informing NIRWN's gender analysis, policy engagement and peacebuilding approach. During this period the report was distributed online and via social media networks with an international reach.
NIRWN contributed to the Wider Civic Initiative programme aimed at strengthening inclusive democratic participation. This work involved structured engagement and dialogue and resulted in a published report focused on housing, highlighting the gender and rural dimensions of housing insecurity. The initiative concluded with a Civic Assembly-style event, bringing together community voices, civic society and decision-makers.
**4**
## **Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 31 March 2025**
We are grateful for the ongoing investment in rural women by DAERA and DfC through The Women's Regional Infrastructure Support Programme (WRISP) and the support for NIRWN's vision and mission by Joseph Rowntree Charitable Trust (JRCT).
## **Financial review**
The company is a not for profit charitable organisation with the main purpose of providing a neutral venue to the local community and charitable organisations.
For the year ended 31 March 2025, the charity's total income was £327,348, an increase of 13% from the previous year. Income was primarily derived from grants, which continues to provide a stable basis for delivering the charity's objectives.
Expenditure for the year totalled £330,479, an increase of 18% from the previous year. £327,894 of this was spent directly on charitable activities, and £2,585 on governance costs. The trustees are satisfied that the charity's resources have been applied in line with its objectives and that spending continues to be monitored carefully.
At the year end, the charity held total reserves of £16,868, which the trustees will continue to apply in support of the charity's objectives.
It is noted that outstanding grant payments were not received before year end as anticipated however, Trustees had received confirmation that all payments due would be paid and a payment schedule had been proposed.
The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to these.
Overall, the charity's financial position remains stable, and the trustees are confident that it can continue to deliver its objectives in the coming year, while managing resources carefully.
## **Small company provisions**
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 29 January 2026 and signed on behalf of the board of trustees by:
Mary McSorley
## **M McSorley Director**
**5**
## **Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
## **Independent Examiner's Report to the Trustees of Northern Ireland Rural Women's Network (NIRWN)**
## **Year ended 31 March 2025**
I report to the trustees on my examination of the financial statements of Northern Ireland Rural Women's Network (NIRWN) ('the charity') for the year ended 31 March 2025.
## **Responsibilities and basis of report**
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the ‘2008 Act’) and the Companies Act 2006 (‘the 2006 Act’). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 65 of the 2008 Act. I confirm that I am qualified to undertake the examination because I am a member of Chartered Accountants Ireland, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
**6**
## **Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
**Independent Examiner's Report to the Trustees of Northern Ireland Rural Women's Network (NIRWN)** _**(continued)**_
## **Year ended 31 March 2025**
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
Cathal O'Neill
## **Cathal O'Neill FCA Independent Examiner**
**15E Molesworth Street Cookstown Co. Tyrone BT80 8NX**
## **29 January 2026**
**7**
## **Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
## **Statement of Financial Activities (including income and expenditure account)**
## **Year ended 31 March 2025**
||||**2025**||2024|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Charitable activities|**5**|58,594|268,754|327,348|289,605|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total income**||58,594|268,754|327,348|289,605|
|||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Expenditure**||||||
|Expenditure on charitable activities|**6,7**|51,620|278,859|330,479|271,509|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total expenditure**||51,620|278,859|330,479|271,509|
|||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Net (expenditure)/income and net**||||||
|**movement in funds**||6,974|(10,105)|(3,131)|18,096|
|||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Reconciliation of funds**||||||
|Total funds brought forward||–|19,999|19,999|1,903|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total funds carried forward**||6,974|9,894|16,868|19,999|
|||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
**The notes on pages 10 to 19 form part of these financial statements.**
**8**
**Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
## **Statement of Financial Position**
## **31 March 2025**
|||**2025**|2024|
|---|---|---|---|
||**Note**|**£**|£|
|**Fixed assets**||||
|Tangible fixed assets|**13**|2,605|3,473|
|**Current assets**||||
|Debtors|**14**|91,216|90,145|
|Cash at bank and in hand||11,575|–|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|||102,791|90,145|
|**Creditors: amounts falling due within one year**|**15**|88,528|73,619|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|**Net current assets**||14,263|16,526|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|**Total assets less current liabilities**||16,868|19,999|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|**Net assets**||16,868|19,999|
|||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
|**Funds of the charity**||||
|Restricted funds||9,894|19,999|
|Unrestricted funds||6,974|–|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|**Total charity funds**|**17**|16,868
৶৶৶৶৶৶৶৶|19,999
৶৶৶৶৶৶৶৶|
For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 29 January 2026, and are signed on behalf of the board by:
Mary McSorley
## **M McSorley Director**
**The notes on pages 10 to 19 form part of these financial statements.**
**9**
**Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements**
## **Year ended 31 March 2025**
## **1. General information**
The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is Unit 5, 20 Sandholes Road, Cookstown, Co. Tyrone, BT80 9AR.
## **2. Statement of compliance**
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
## **3. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the forseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **Disclosure exemptions**
The Charity has taken advantage of the provisions in the SORP for charities applying FRS102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
## **Judgements and key sources of estimation uncertainty**
In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised wehre the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.
**10**
## **Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2025**
**3. Accounting policies** _**(continued)**_
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
## **Incoming resources**
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
**11**
**Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2025**
**3. Accounting policies** _**(continued)**_
## **Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## **Tangible assets**
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
## **Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings - 25% reducing balance
## **Impairment of fixed assets**
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
**12**
**Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2025**
## **3. Accounting policies** _**(continued)**_
## **Impairment of fixed assets** _**(continued)**_
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
## **Financial instruments**
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
**13**
## **Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2025**
## **3. Accounting policies** _**(continued)**_
## **Financial instruments** _**(continued)**_
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
## **Defined contribution plans**
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
## **4. Limited by guarantee**
None of the Trustees have any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
## **5. Charitable activities**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2025**|
||£|£|**£**|
|Facilitation|2,090|–|2,090|
|Social Change Initiative Fellowship Bursary|–|–|–|
|VCD Cost of Living Grant (DFC)|–|–|–|
|WICT Plenaries (DFC)|–|6,505|6,505|
|Joseph Rowntree Charitable Trust|56,504|–|56,504|
|WRISP (DFC)|–|75,841|75,841|
|WRDA *UKSPF|–|141,069|141,069|
|Developing Health Funding (PHA)|–|–|–|
|ACNI REAP|–|312|312|
|Murlough Foundation|–|–|–|
|4 Nations Civil Society Bursary|–|–|–|
|Heritage Lottery Fund NI|–|–|–|
|CFNI Bursaries|–|11,020|11,020|
|Womens Spaces (DFAT)|–|34,007|34,007|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||58,594|268,754|327,348|
||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
**14**
**Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2025**
## **5. Charitable activities** _**(continued)**_
||Unrestricted|Restricted|Total Funds|
|---|---|---|---|
||Funds|Funds|2024|
||£|£|£|
|Facilitation|–|3,357|3,357|
|Social Change Initiative Fellowship Bursary|–|1,820|1,820|
|VCD Cost of Living Grant (DFC)|–|1,500|1,500|
|WICT Plenaries (DFC)|–|7,217|7,217|
|Joseph Rowntree Charitable Trust|–|56,504|56,504|
|WRISP (DFC)|–|57,466|57,466|
|WRDA *UKSPF|–|101,051|101,051|
|Developing Health Funding (PHA)|–|15,000|15,000|
|ACNI REAP|–|5,054|5,054|
|Murlough Foundation|–|2,700|2,700|
|4 Nations Civil Society Bursary|–|150|150|
|Heritage Lottery Fund NI|–|3,850|3,850|
|CFNI Bursaries|–|–|–|
|Womens Spaces (DFAT)|–|33,936|33,936|
||ৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||–|289,605|289,605|
||৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
The funding previously known as Community Renewal Funds/UKSPF (WRDA) has been renamed WRDA *UKSPF by the funder. Comparative figures continue to relate to the original funding but are shown under the updated name for presentation purposes.
## **6. Expenditure on charitable activities by fund type**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2025**|
||£|£|**£**|
|Support costs|51,620|278,859|330,479|
||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2024|
||£|£|£|
|Support costs|–|271,509|271,509|
||৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Expenditure on charitable activities by activity type**||||
|||**Total funds**|Total fund|
||Support costs|**2025**|2024|
||£|**£**|£|
|Direct Charitable Expenditure (DCE)|327,894|327,894|269,588|
|Governance costs|2,585|2,585|1,921|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||330,479|330,479|271,509|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
## **7. Expenditure on charitable activities by activity type**
**15**
## **Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2025**
## **8. Analysis of support costs**
|||Analysis of|||
|---|---|---|---|---|
|||support costs|||
|||DCE|**Total 2025**|Total 2024|
|||£|**£**|£|
||Staff costs|263,438|263,438|204,553|
||Premises|10,018|10,018|16,742|
||Finance costs|1,384|1,384|1,014|
||Other costs|53,055|53,055|47,280|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|||327,895|327,895|269,589|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**9.**|**Net (expenditure)/income**||||
||Net (expenditure)/income is stated after charging/(crediting):||||
||||**2025**|2024|
||||**£**|£|
||Depreciation of tangible fixed assets||868|1,158|
||||৶৶৶৶|৶৶৶৶৶৶৶|
|**10.**|**Independent examination fees**||||
||||**2025**|2024|
||||**£**|£|
||Fees payable to the independent examiner for:||||
||Independent examination of the financial statements||2,584|1,920|
||||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|
|**11.**|**Staff costs**||||
||The total staff costs and employee benefits for the reporting period are||analysed as|follows:|
||||**2025**|2024|
||||**£**|£|
||Wages and salaries||242,265|197,276|
||Employer contributions to pension plans||21,173|5,489|
||Other employee benefits||–|1,789|
||||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||||263,438|204,554|
||||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
The average head count of employees during the year was 8 (2024: 8). The average number of full-time equivalent employees during the year is analysed as follows:
||**2025**|2024|
|---|---|---|
||**No.**|No.|
|Number of staff - Full Time|4|4|
|Number of staff - Part Time|4|4|
||ৄৄৄৄ|ৄৄৄৄ|
||8|8|
||৶৶৶৶|৶৶৶৶|
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
**16**
**Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2025**
## **12. Trustee remuneration and expenses**
No Remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
## **13. Tangible fixed assets**
||||**Fixtures and**|
|---|---|---|---|
||||**fittings**|
||||**£**|
||**Cost**|||
||**At 1 April 2024 and 31 March 2025**||23,486|
||||৶৶৶৶৶৶৶৶|
||**Depreciation**|||
||At 1 April 2024||20,013|
||Charge for the year||868|
||||ৄৄৄৄৄৄৄৄ|
||**At 31 March 2025**||20,881|
||||৶৶৶৶৶৶৶৶|
||**Carrying amount**|||
||**At 31 March 2025**||2,605|
||||৶৶৶৶৶৶৶৶|
||At 31 March 2024||3,473|
||||৶৶৶৶৶৶৶৶|
|**14.**|**Debtors**|||
|||**2025**|2024|
|||**£**|£|
||Trade debtors|91,216|90,145|
|||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
|**15.**|**Creditors:** **amounts falling due within one year**|||
|||**2025**|2024|
|||**£**|£|
||Bank loans and overdrafts|–|8,065|
||Trade creditors|3,906|1,680|
||Accruals and deferred income|22,117|20,165|
||Social security and other taxes|62,505|43,709|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|||88,528|73,619|
|||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
## **16. Pensions and other post retirement benefits**
## **Defined contribution plans**
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £21,173 (2024: £5,489).
**17**
## **Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2025**
## **17. Analysis of charitable funds**
|**Unrestricted funds**||||||
|---|---|---|---|---|---|
||At||||**At**|
||1 April 2024|Income|Expenditure|**31 March 2025**||
||£|£|£||£|
|General funds|–|–|(1)||(1)|
|Unrestricted fund|–|58,594|(51,619)||6,975|
||ৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄ|
||–|58,594|(51,620)||6,974|
||৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶||৶৶৶৶৶৶৶|
||At||||At|
||1 April 2023|Income|Expenditure||31 March 2024|
||£|£|£||£|
|General funds|–|–|–||–|
|Unrestricted fund|–|–|–||–|
||ৄৄৄৄ|ৄৄৄৄ|ৄৄৄৄ||ৄৄৄৄ|
||–|–|–||–|
||৶৶৶৶|৶৶৶৶|৶৶৶৶||৶৶৶৶|
|**Restricted funds**||||||
||At||||**At**|
||1 April 2024|Income|Expenditure|**31 March 2025**||
||£|£|£||£|
|Restricted Fund - B/Fwd|19,999|–|–||19,999|
|Restricted Fund|–|268,754|(278,859)||(10,105)|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄ|
||19,999|268,754|(278,859)||9,894|
||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶||৶৶৶৶৶৶৶৶|
||At||||At|
||1 April 2023|Income|Expenditure||31 March 2024|
||£|£|£||£|
|Restricted Fund - B/Fwd|1,903|–|–||1,903|
|Restricted Fund|–|289,605|(271,509)||18,096|
||ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄ|
||1,903|289,605|(271,509)||19,999|
||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶||৶৶৶৶৶৶৶৶|
**18**
## **Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2025**
## **18. Analysis of net assets between funds**
||Restricted|**Total Funds**|
|---|---|---|
||Funds|**2025**|
||£|**£**|
|Tangible fixed assets|2,605|2,605|
|Current assets|102,791|102,791|
|Creditors less than 1 year|(88,528)|(88,528)|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Net assets**|16,868|16,868|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
||Restricted|Total Funds|
||Funds|2024|
||£|£|
|Tangible fixed assets|3,473|3,473|
|Current assets|90,145|90,145|
|Creditors less than 1 year|(73,619)|(73,619)|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|**Net assets**|19,999|19,999|
||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
**19**
**Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
## **Management Information**
## **Year ended 31 March 2025**
**The following pages do not form part of the financial statements.**
**20**
## **Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
## **Detailed Statement of Financial Activities**
## **Year ended 31 March 2025**
||**2025**|2024|
|---|---|---|
||**£**|£|
|**Income and endowments**|||
|**Charitable activities**|||
|Facilitation|2,090|3,357|
|Social Change Initiative Fellowship Bursary|–|1,820|
|VCD Cost of Living Grant (DFC)|–|1,500|
|WICT Plenaries (DFC)|6,505|7,217|
|Joseph Rowntree Charitable Trust|56,504|56,504|
|WRISP (DFC)|75,841|57,466|
|WRDA *UKSPF|141,069|101,051|
|Developing Health Funding (PHA)|–|15,000|
|ACNI REAP|312|5,054|
|Murlough Foundation|–|2,700|
|4 Nations Civil Society Bursary|–|150|
|Heritage Lottery Fund NI|–|3,850|
|CFNI Bursaries|11,020|–|
|Womens Spaces (DFAT)|34,007|33,936|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||327,348|289,605|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total income**|327,348|289,605|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
**21**
## **Northern Ireland Rural Women's Network (NIRWN)**
## **Company Limited by Guarantee**
## **Detailed Statement of Financial Activities** _**(continued)**_
## **Year ended 31 March 2025**
||**2025**|2024|
|---|---|---|
||**£**|£|
|**Expenditure**|||
|**Expenditure on charitable activities**|||
|Wages and salaries|242,265|197,276|
|Pension costs|21,173|5,489|
|Other post-retirement benefits|–|1,789|
|Rent|6,294|9,690|
|Rates and water|268|255|
|Light and heat|1,960|3,109|
|Repairs and maintenance|1,200|2,609|
|Insurance|295|1,078|
|Other establishment|550|812|
|Other motor/travel costs|7,070|10,991|
|Legal and professional fees|5,620|3,550|
|Telephone|3,382|3,860|
|Other office costs|1,859|3,586|
|Depreciation|868|1,158|
|Interest on bank loans and overdrafts|1,384|1,014|
|Other interest payable and similar charges|7,399|4,250|
|Programme Costs|17,473|9,458|
|Advertising|–|170|
|Computer Costs|4,721|4,828|
|Room Hire & Conference Costs|6,698|6,537|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||330,479|271,509|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total expenditure**|330,479|271,509|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Net (expenditure)/income**|(3,131)
৶৶৶৶৶৶৶৶৶|18,096
৶৶৶৶৶৶৶৶৶|
**22**
## **Issuer**
Kelly & ONeill Ltd
**Document generated** Fri, 30th Jan 2026 10:43:47 GMT **Document fingerprint** 387ed459f4f7d3a7d7ab90fb3500e288
## **Parties involved with this document**
## **Document processed**
## **Party + Fingerprint**
Fri, 30th Jan 2026 10:57:17 GMT Fri, 30th Jan 2026 11:34:02 GMT Fri, 30th Jan 2026 11:34:03 GMT
Cathal O'Neill - Signer (e3f17384d180ae3d4591b20607155ba6) Mrs Mary McSorley - Signer (67a8eebf18058f4a2a8b8c73f7c5b4bf) Seoirse Conway - Copied In (0cea46e411871d9a6453adebb10ff3b8)
## **Audit history log**
## **Date**
## **Action**
Fri, 30th Jan 2026 10:43:47 GMT Envelope generated with fingerprint 4fb5b5ac47d3b6617edc27991a6478e9 (35.176.231.177) Fri, 30th Jan 2026 10:43:47 GMT Document generated with fingerprint f542c4f3208986c4406908164d2c88d4. (35.176.231.177) Fri, 30th Jan 2026 10:43:47 GMT Document generated with fingerprint 387ed459f4f7d3a7d7ab90fb3500e288. (35.176.231.177) Fri, 30th Jan 2026 10:43:47 GMT Document generated with fingerprint aaf4073cc140c5d4ff7d51a3c81780da. (35.176.231.177) Fri, 30th Jan 2026 10:43:47 GMT Cathal O'Neill has been assigned to this envelope. (35.176.231.177) Fri, 30th Jan 2026 10:43:47 GMT Mrs Mary McSorley has been assigned to this envelope. (35.176.231.177) Fri, 30th Jan 2026 10:43:47 GMT Seoirse Conway has been assigned to this envelope. (35.176.231.177) Fri, 30th Jan 2026 10:43:47 GMT Envelope has been set to automatically remind the active signer every 7 day(s). (35.176.231.177)
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Mrs Mary McSorley viewed the envelope (81.159.196.116) Mrs Mary McSorley signed the envelope (81.159.196.116) Sent the envelope to Seoirse Conway for signing (81.159.196.116) This envelope has been signed by all parties (81.159.196.116) Signed document confirmation emailed to party email (81.159.196.116) Signed document confirmation emailed to party email (81.159.196.116) Signed document confirmation emailed to party email (81.159.196.116) Signed document confirmation emails have been sent to all parties. Document URL:
https://api.signable.app/shareable/envelope?t=1791a107-d74f-47b0-ab85-f 310cbc6f3c6 (81.159.196.116) Fri, 30th Jan 2026 11:34:03 GMT Document emailed to party email