WOMEN'S AID ARMAGH DOWN LTD STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME ANO EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Income from: Osjnations and legacies Charitable activities Inveslments 179.955 280,394 1.381 179.955 1.010,186 1.2W,580 1,381 114.128 304,376 835 114.128 857,386 1,161,762 835 Total income 461.730 1.010.186 1.471.916 419.339 857.386 1,276.725 Expenditure on: Raising funds Chantsble acts'vities Other expenditu 1.575 1.575 291,650 1.063,057 1,354.707 176 839 1.094 276,139 415 401 1.495 776,388 1,052.527 1,123 12 Total expenditure 291.826 1.065.295 1.357.121 277.648 777.497 1,055.145 Net incomel(expendlr•) 169,904 (55,109) 114,795 141.691 79,889 221,580 Transfers betsveen funds (17,386) 17,386 45,228 (45,226) Net movement in funds 152.518 {37.723) 114.795 186,917 34.663 221.580 Reconciliation of funds: Fund balances at 1 Apnl 2023 770.682 138.472 909.154 583.765 103.809 687.574 Fund balances at 31 March 2024 923.200 100.749 1.023,949 770.682 138.472 909.154 The statement of financial aclivrties indudes all gains and losses recognised in the year. All income and expenditure derive from continuing adivities. -28-
WOMEN'S AID ARMAGH DOWN LTD STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024 2024 2023 Fixed assets Tangible assets 14 209.071 242,420 Current assets Deblors Cash at bank and in hand 15 27.997 880.229 30.586 683,834 908,226 714.420 Creditovs: amounts falling due within one year 16 (93.348) (47,686) Net current assets 814.878 666,734 Total assets less current liabilities 1.023,949 909.154 The funds of the Chaiity Restricted income funds Unrestricted funds 18 19 100,749 923.200 138.472 770.682 1.023.949 909,154 The company is entitled to the exemption from the audit Tequirement contsined in sectron 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknow4edge their responsibilities for cwiplying the requirements of the Companies Act 2006 with respect to accounting records and the preparalion of financial statements. The members have nol required the MpanY lo obtain an audit of ils financial slalements under the requirements of the Companies Act 2006. for the year in question in accordance with sedion 476. These finanual slatements have been ppared in aCrdanCe wrth the prowsions applicable to companies subj'ect to the small companies regime. The financial ststements were approved by the Trustees on 3 Oecember 2024 N O'maolain Trustee Company registration number N1030774 (Northem Ireland) -29-
WOMEN'S AID ARMAGH DOWN LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operating activities Cash generated from operations 25 196,513 186,281 Investing activities Purchase of tangible fixed assets Investment income received (1.499) 1,381 (2.893) 835 Net cash used in investing acllvilies {118) (2,058) Net cash used in financlng activities Net increase in cash and cash equivalents 196,395 184.223 Cash and cash equivalents at beginning of year 683.834 499,611 Cash and cash equivalents at end of year 880.229 683,834 -30-
WOMEN'S AID ARMAGH DOWN LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounbng pollcies Charity infonnation Women's Aid Armagh Down Ltd is a private company hmited by guarantee Incoorated in Northem Irdand. The registered office is 7 Downshire Place. Newry, BT34 1 DZ. 1.1 Accounting convention The finanaal statemenls have been prepared in accordance with the Charity's goveming document, the Companies Act 2006. FRS 102 'The Finanual Repcmting Standard applicable in the UK and Republic of Ireland. fFRS 102") and the Charities SORP "Accounting aTrJ Reporting by Charities." Stalement of Recommended Praclice applicable to charilies preparing Iheir accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019)- The Charity is a Public Benefft Enbty as defined by FRS 102. The financial statements are prepared in steTb"ng, which is the functional IrrencY of the Charity. Monetary amounts in these financial slatemenls a rounded to the nearesl £. The financial stalements have been prepared under the historical cost cvention. The principal acntIng policies adopled are set out below. 1.2 Golng concem At the lime of approving the financial statements. the Trustees have a asOnable expectation that the Charity has adequale resources to continue in operalional exisIen for the foreseeable future. Thus the Trustees conlinue to adopt the going concem basi5 of accounting in preparing the finanual 5tatemenls. 1.3 Charitable funds Unrestricted funds are available for use at Ihe discretion of the Trustee5 in furtherance of their charitable objectives. Restricted funds are subject lo speufic condilions by donoTS Of gran14ys as lo how they may be used. The purposes and uses of the restricted funds are set out in the notes to Ihe financial statements. Endowment funds are subject to spefific conditions by donors that the capital musl be maintsined by the Charity. 1.4 Income Income is recognised when the Charity is legally entilled lo il aftef any perfomiance condltions h•e been met, Ihe amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Olher donations are recognised once the Charity has been notified of the donation, unless perfomiance condits.ons require deferral of the amount. Income tax recoverable in relation to donations received under Gift or deeds of covenanl is recognised at the time of the donation. Legacies a recognised on receipt or otherwise rf the Charity has been notified of an impending distribution, Ihe amount is known, and receipt is expected_ If the amounl is not known, the legacy is treated as a contingent asset. 31
WOMEN'S AID ARMAGH DOWN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Conlinued) 1.5 Expenditure Expenditure is recognised On there is a legal or constructive oblrgation to transfer economic benefit to third paty, it is probable that a transfer of economic beneffts will be required in settlement. and the amount of the obligab'on can be measured reliably. Expenditure is dassrfied by activity. The costs of each activty a made up of the t¢Xal of dif1 costs and shared costs, indvding support costs involved in undertaking each activty. Direct costs attributable to a single adivity are allocated diredly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single adivity are apwtioned between those activrties on a basis consistenl with the use of resources. Central staff costs are alocated on the basis of time spent. and deprecialion charges are allsxated on the portion ol the assel's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently rneasU at cosl or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the follcming bases: Freehold land and buildings Leasehold land and buildings Fixtures and fittings 4% straight line 4% straighl line 20% straight line The gain of loss arising on the disposal of an asset is detemiined as the difference between the sale proceeds and the carrying value of the asset, arKI is recognised in the statement of financial activities. 1.7 lrnpairnient of fixed assets At each reporting end dale, the Charity reviews the carying amounts of its langible assets lo determine whether there is any indicats'on that Ihose assets have suffered an impairment loss. If any such indallOn exists, the recoverable amount of the asset is estimated in order to determine the extent of.lhe impaiment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposrts held.at call wilh banks, other short-term liquid investmenls wtth original matuiities of three months or less. and bank overdrafts. Bank overdrafts are shown wilhin borrowings in CUTrenl lialM"lities. 1.9 Financlal instrnments The Charity has elected to appFy the provisions of Sedion 11 '8asic Financial Instruments, and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of rts finanaal instruments. Financial instruments a recognised in the ChariWs balance sheel when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements. when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or lo realise the assel and settle Ihe liability simultaneously. -32-
WOMEN'S AID ARMAGH DOWN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 8aslc financial assets Basic financial assets. which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequendy carried at amortised cosl using the effective interest method unless the arrangement consts'tutes a finanang transaction. where the transaction is rneasud at the present value of the future receipts discounted at a market Fate of interest. Finan(ial assets classified as receivable wrthin one year are not arnortised. Basic ffnancial liabilifies Basic financial liabilities. including ueditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing transaclion. where the debt instrument is measured at the present value of the future payments discounled al a market rate of interesl. Financ•al liabilities classified as payable within one year a not amorbsed. Debt instruments are subsequently caffied at amortised cost. using the effeclive interesl fale melhod. Trade creditors are obligations to pay for goods or services Ihat have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one year or less. If not, they a p senled as non-cvrrent liabilities. Trade creditors are recognised intb'ally at transaction price and subsequentty measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the Charity's contra(lual obligations expl or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in whith the employee's Services are received. Temiination benefits are recognised immedialely as an expense when the Charity is demonstrably committed lo temiinate the employment of an employee or lo provide lemiinatt.on benefits. 1.11 Retlrement benefits Payments to defined w1tritti0n retirement benefil schemes are tharged as an expense as they fall due. Critical ac¢ounting estimatss and judgements In the applicati¢M of the Charity's accounting policies. the Trustees a required to make judgements. estimates and assumptions about Ihe carrwng amount of assets and liabilities thal are not readily apparent from other sources. The estimales and associaled assumptions are based on historical experience and other factors Ihal are considwed to be relevant. Actual $uttS may differ from these estimates. The estirnates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estifflates are recognised in the period in which the ests'mate is revised Whe the revision affects lY that period, or in the period of the revision and fulure periods where the revifdon affects both current and futuie penods.
WOMEN'S AID ARMAGH DOWN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donations and legacies Unrestricted funds 2024 Unrestricted funds 2023 Donations and grfls 179,955 114,128 Income from charitable actlvities Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restrictsd funds funds 2023 2023 Total 2024 2023 Total Sales within charitable activities Perfomiance related grants Charitable rental income Other Income 10,374 10.374 8.019 8,019 147,754 1,010.186 104.329 17.937 1,157,940 104.329 17.937 178,191 94.389 23.777 857.386 1,035,577 94,389 23,777 280,394 1,010,186 1.290,580 304.376 857,386 1,161,762 Perfomiance related grdnts analysis Total 2024 Total 2023 Support People- Refuge support Support People - Floating support Southem Health & Soaal Care Trust SHSCT- DASS officer Iris Projed Communiiy Foundation granl- Mentsl Health PBNI Dfc Hardship Grant Stheme Funding Via NMODC Southern Regional College- Employ Me Nationwide Community Grants Oth 241.591 362,386 99,364 48.450 44,576 218.036 235,223 352,828 96,053 29,060 39,887 233,143 11,750 24.640 26,370 58.776 33.751 37.633 1,157.940 1,035,577
WOMEN'S AID ARMAGH DOWN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from inveslments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 1,381 835 Expenditure on ralsing funds Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Fundrdislng and publiclty Other fundraising cosls 1.575 1.575 401 1.495 -35-
WOMEN'S AID ARMAGH DOWN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charitable aclivities Total 2024 Total 2023 Direct C08t6 Staff costs Depreciats"on arml impainnent Rent Insurance Light & heat Cleaning Repairs Staff Training & Recruitment ICT Costs Admin & printing Fees & subscriptions Support for service users Travel Telephone Other charitsble expenditure Supporting People recovery 21r22 Supporting People recovery 22r23 8.331 34,849 45.510 12.024 38.658 8.866 15,184 5.955 22,905 14,223 2,712 57,433 8.472 17.053 82,139 27,355 36.463 772,622 36,000 44,472 8,398 32,235 7,457 22,843 5,360 12,507 7.122 2.732 22.712 6,091 21,220 39.636 1,338,132 1,041,407 Share of support and govemance costs (see note 8) Governance 16,575 11.120 1.354.707 1,052,527 Analysis by fund Unrestricted funds Restricted funds 291.650 1.(3.057 276.139 776.388 1.354.707 1,052.527 Induded in charitable expenditure are amounts of £27,355 and £36,463 which relate to amounts to be repaid to Supporting People in respect of the financial years ended 31 March 2022 and 31 March 2023 respecively. Grant incorne and expenditure is subject to periodic Teview and these amounts were requested to be recovered by the grant funder. Supp¢)rt costs allocated to activitses 2024 2023 G0Veman costs 16,575 11.120 Analysed between: Total 16,575 11,120
WOMEN'S AID ARMAGH DOWN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Net movement in funds 2024 2023 The net movernent in lunds is stated after chargingl(tsediting): Fees payat4e for the audit of the charity's financial stslements Depreciation of owned tangible fixed assets 4,800 34.849 8,000 36,000 10 Trustees None of the Trustees (or any persons connected with them) received any remuneration OT benefts frc*Tr Ihe Charity during the year. 11 Employees The average monthty number of emthees during the year was.. 2024 Number 2023 Number 37 38 Employment costs 2024 2023 Wages and salaries Soaal secuiity Costs Other pension costs 819,690 68.221 20.420 695.296 61,491 15,835 908.331 772,622 The number of employees whose annual remuneration was more than £60.000 is as follows= 2024 Number 2023 Number £60.OCKI - £70.000 Rernuneration of key management personnel The key management personnel of the charity comprises the Trustees and the senior management tearn. The remuneration of key management personnel was as follows.. Restated 2023 2024 Aggregate compensation 200.913 170,609 37-
WOMEN'S AID ARMAGH DOWN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Employees (Continued) The remuneration of key management personnel for the year ended 31 March 2023 has been restated for consistency with the preparation of Ihe disdosure for the year ended 31 March 2024. 12 Other expenditure Unrestricted Restricted nds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Financing costs 176 663 839 415 1,123 13 Taxation The charity is exempt from taxation M its activiti.es because all its income is applied for charitable purposes. 14 Tanglble fixed a85ets Freehold land and bulldlngs Lehold FIxtu$ and l•nd and fittlngs buildings Total Cost At 1 April 2023 Addilions 111.907 379.477 186.561 1.499 677,945 1,499 At 31 March 2024 111.907 379,477 188,060 679,444 Depreciation and impainnent At 1 April 2023 Depreaation charged in the year 105.194 4.476 198,020 9.179 132,311 21.194 435,524 34,849 At 31 MaTch 2024 109.670 207.198 153,505 470,373 Carrying amount Al 31 March 2024 2,237 172.279 34.555 209,071 At 31 March 2023 6,713 181.457 54.250 242.420 15 Debtors 2024 2023 Amounts falling due wlthin one year: Trade deblors Other debtors Prepayments and acuued incorne 22,242 5,755 23,922 5,186 1,478 27.997 30,586 -38-
WOMEN'S AID ARMAGH DOWN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Creditors". amounts falling due within one year 2024 2023 Other taxation and social security Trade creditors Other creditors Accwals and deferred income 30.079 11.276 47.193 22,578 10.806 8,302 6,000 93.348 47,686 17 Retirement benefit schemes 2024 2023 Defined contribution schemes Charge lo wofit or loss tn respeci of deffined contribub'on scheffles 20.420 15,835 The Charity operates a defined contribLrtion pensiM scheme for all qualifying employees. The assets of Ihe scheme are held separately from Ihose of the Charity in an independently administered fund. 18 Restricted funds The iestricted funds of the tharity ts)mprise the unexpended balances of donations and grants held on trust suby.ect to specific conditions by don¢ys as to how Ihey may be used. At 1 April 2023 Incoming resources Resources expended Transfers At 31 Mah 2024 Supporting People Refuge Supporting People Floating Supporting People Covid Community Ownership Supporting People - Provider Innovation Fund Supporting People - Covi(k19 recovery fund SHSCT- DASS ACNI Community Foundation- Mental Health IRIS Southern Regional College- Employ Me Nationwide Comrnunty Grants 53.458 10.386 1.817 241,591 362.386 (295.083) (390.098) (799> (10.000) 17.352 26 1,018 10.000 2.757 (894) 1.863 32.896 (8.399) (48.450) (7.377) 24,497 48.450 7.377 29,781 218.037 44.576 (233.249) (44.576) 14.569 26,370 58.776 (26,370) 58.776 138.472 1,010.186 (1.065.295) 17.386 100,749 -39-
WOMEN'S AID ARMAGH DOWN LTD NOTES TO THE FINANCIAL STATEMENTS {coKfiNUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Restricted funds (Continued) Previous year: At 1 April 2022 Incoming resources Resources expended Transfers At 31 March 2023 Supporting People Refuge Supporting People Floating Supporting People Covid Supporting People - Provider Innovation Fund Supporting People Covid-19 recovery fund SHSCT- DASS ACNI Community F¢)undation - Mentsl Health 27.355 26 2,616 235,223 352.828 (209.120) (342.468) (799) 53.458 10,386 1,817 32.517 (894) (28.866) 2,757 41.295 (8.399) (27.060) (1.755) 32,896 27.060 9.132 7.377 233,143 (1-87.j2) (16,360) 29,781 103,809 857.386 1777,497) (45,226) 138,472 Induded in resources expended for Supporting People Refuge and Supporting People Floating funds we amounts of £27,355 and £36.463 vthich relate to amounts lo be repaid to Supporting People in respect of the financial years ended 31 March 2022 and 31 March 2023 respedively. Grant income and expenditure is subject to periodic Teview and these amounts within the brought forward balance5 Vre requested to recovered by the grant funder. 19 Unrestricted funds The unreslricted funds of the charity comprise the unexpended balances of donations and grants whith are not subject to speciffic conditions by donors and grantors as to how they may be used. These indude designated funds vthith have been set astde out of unrestricted fvnds by the trustees for 5peafic purpose5. At 1 April 2023 Incoming resOUe$ Resources expended Transfers At 31 March 2024 General funds 770.682 461.730 (291,826) (17.386) 923.200 Prevlous year: At 1 April 2022 Incoming resources Resources expended Transfer8 At 31 March 2023 General funds 583.765 419,339 {277.648) 45.226 770,682
WOMEN'S AID ARMAGH DOWN LTD NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Analysis of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl(liatslityes) 179,398 743,802 29.673 71.076 209,071 814,878 923.200 11x1,749 1,023,949 Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 March 2023: Tangible assets Current assetsl(liabilities) 194,806 575,876 47,614 90.858 242,420 666,734 770.682 138,472 909.154 21 Financial commitments, guarantees and contingent liabilities A contingent liability exists to repay govemment grants received should certain corKlitions under which they were awarded cease to be met. 22 Operating lease commitments Lessee At the reporting end date the Charity had (xtstanding commTrtrnents for future minimum lease payments under non-cancellable operaling leases, which fall due as follows- 2024 2023 Within one year 43.666 40.429 23 Events after the reporting date There have been no signrficanl events affecting ihe Charity since the balan sheet date. 24 Related party transactions There were no disdosable related party transaclions during the year {2023- none). -41-
WOMEN'S AID ARMAGH DOWN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 25 Cash generated from operdlions 2024 2023 Surplus for the year 114,795 221,580 Adjustments for. Investment income recognised in slatement of financial activiti.es DepaOn and rmpairnnt of tangible fixed assets (1,381) 34,849 1835) 36,000 Mo¥ements in working capital: Decrease in debtors Increasel{decrease) in creditors 2.589 45.661 83.635 (154,099) Cash generated from operationg 196.513 186,281 26 Analysis of changes In net funds The Charity had no material debt during the year. -42-