BELFAST & LISBURN WOMENS AID IA COMPANY LIMITED BY CVUARANTEEI YEAR ENDED JI MARCH 2023 BELFAST & LISBURN WOMEN'S AID (A COMPANY LIMITED BY GUARANTEE) FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 Regisiered wilh ihe Chariiy Commission for Norih¢rn IrL'laNJ NICI 06099 Company regisirntion number N1020807 HMRC relirLncL number XT32.5.5
BELFAsf & LISBURN WOMEN'S AID IA COMPANY LIMITED BY GUARANTEE) YEAR ENDED 31 MARCH 2023 CONTENTS Page General Information Directors, Report Auditors, Report 18 Statement of Financial Activilies (including income and expenditure account) 24 Balance Sheet 25 Statement of Cash Flows 26 Notes to ihe Financial Statements 27 The following pages do not form part of the financial statements Schedules to income and expenditure account 55-57
BELFAST & LISBURN WOMEN'.5 AID (A COMPANY LIMITED BY GUARANTEE) YEAR ENDED 31 MARCH 2023 GENERAL INFORMATION Registered with The Charity Commission for Northern Ireland NIC 106099 Company Registration Number N1020807 HMRC Reference Number XT3255 Directors A Bradley -Treasurer (resigned 8 June 2022) G Clarke Chair (resigned 9 August 2023) T KImr (resigned 10 August 2022) N Gallagher R McAdam -New Chair (appointed 9 August 2023) K Douglas K Mooney R Harrison D Carville C Conway J Downing S Finnegan (resigned 27 June 2023) (appointed Trea8urer 8 June 2022 and resigned 14 December 2022) (appointed Treasurer 1411212022) T Kennedy Chief Executive Offjcer Kelly Andrew5 Registered office 30 Adelaide Park Belfast BT9 6FY Auditors GMCG BELFAST Alfred House, 19 Alfred Street Beifasl, BT2 8EQ Solicitor Flynn and McGettrick I Sl Floor, 9 Clarence Streel Belfast, BT2 8DX Main Bankers Ulster Bank Limited 93 Univepoity Road Belfast, BT7 1 NG Investment Managers Evelyn Partner 32-38 Linenhall Street Belfast, BT2 8BG
BELFAST & LISBURN WOMEN'S AID (A COMPANY LIMITED BY GUARANTEEI YEAR ENDED 31 MARCH 2023 DIRECTOR'S REPORT The directors preseni iheir report and the audited accounts for the year ended 31 March 2023. STRUCTURE, GOVERNANCE AND MANAGEMENT Belfast & Lisburn Women's Aid is a registered charity with the Charity Commission for Northern Ireland, NIC 106099, and a company limited by guarantee, registered in Northern Ireland, Nl 020807. The organisation was founded in 1975 and in 1987 was established under a Memorandum of Association, amended April 2023. which eslablished the objecls and powers of the Chariiable Company and is governed under its Articles of Associalion. We are also a member of ihc Wotnen's Aid Federation Northern Ireland (WAFNI) and a represenlaiive from our Trusiee Board is invited io sit on Ihe WAFNI board. This promotes effective communication across the organisalion and ensures a regional commitmen¢ to the slralegic direction of Women's Aid in Northern Ireland. Reference and administrative details The registered name of the charity is Belfast & Lisburn Women's Aid, charity regis(ration number.. NIC 106099, company number: N1020807 and HMRC reference number XT3255. Registered office 30 Adelaide P&rk. Belfast. BT9 6FY. Chief Executive Officer Kelly Andrews GMCG BELFAST, Charlered Accounlanls & Slaiulory Audilor Alfred House, 19 Allred Sireel, Belfasl, BT2 8EQ Ulsier Bank Limil¢d, 91 Univewsiiy Road, Belfasi, BT7 ING Flynn and McGeiirick. ISI Floor, 9 Clarence SireLI, Belfosl, BT2 8DX EvLlyn Parlners, 12-38 Linenhall Sireei, BL'llasi, BT2 8BG Auditor Bankers Solicitors Investment managers Directors and Trustees The Directors of the Company, during the year are listed below, and are al.$0 charity twslees for the purpose of charity law and under Company's Articles are known as members of the Trustee Board. The Board comprises of not less than 3 and a maximum of 12 members who meel every month and are responsible for the strategic direction and policy of the charity. Under the requiremcnls of the Memorandum and Articles of Association ihe Direciors are elected to serve for a period of 3 years, after which ihey musi be re-elected al the following AGM. The Directors, liability is limited by guarantee. The Chair and Vice Chair are appointed from within the board and can remain in office for 3 years although they are reappointed annually ai ihe AGM. The Iruslees who have served during the year were as follows: A Bradley Treasurer (resigned 8 June 2022) G Clarke Chair (resigned 9 August 2023) T Kimber (resigned 10 August 2022) N Gallagher R McAdam -New Chair (appointed 9 August 2023) K Douglas K Mooney R Harrison D Carville C Conway J Downing S Finnegan T Kennedy (resigned 2710612023) (appoinled Treasurer 8 June 2022 and resigned 14 December 2022) (appointed Treasurer 14 Dernber 2022)
BELFAST & LISBUILY WOMEN'S AID IA COMPANY LIL¥IITED BY CUARANTEEI YEAR ENDED 31 (ARCH 2023 DIRECTOR'S REPORT (CONTINUED) Dlrectors and Trustees (conlinued) During 2022123. there were Iwo new appoiniments at the end of the year. the Chair remained throughout Ihe year and lh¢ resignalions from ihe Board during ihe year. Board members participate in subacommitlees, which meet regularly to ensure thai operational policies, procedures and systems incorporate sound management and financial controls in keeping with current bes¢ prac¢ice. All recommendations made by the sub-committees are subjecl to ratificlition by the Board in accordance with documented procedure. Organisational Structure The sub-committees are as follows: Finance Committee IFC) To supporl the achievemenl of the strategic objectives and operaiional largets, Ihe FC has responslbiliiy for ensuring the effeclive and efficieni use of Belfabt & Lisburn Women's Aid financial and other resources. In particular (he FC ensure.% that, the intrnal controls and ihe financial management systems are adequale lo discharge corporate governance responsibilities. there is effeclive and efficient planning, conirolling. moniloring and repnrting of resouw¢s; full Complianie wilh inlernal policies and procedures and applicable accounting policies and regulations are adhered to. The FC is chaired by the Treasurer and allended by olher members of ihe Trustee Board. Human Resources Committee (HRC) - The HRC review employment related issues and make recommendations on employment related decisions such as Contracts of Employmeni and changes to internal Policies and Procedures. Members may also participate in recruitment of staff and participate in disciplinarylgrievance proceedings as required. Governance and Risk Committee (GRC) - The GRC provide governance oversight and SCTUtinise risk rnanagemenl and compliance. Regularly review the slruclure, size and composition of the Board of Trustees and its committees and make recommenda(ions 10 the Board with regard to any chang¢s. Review Ihe sknlls, knowledge and experience on the Board of Trus(ees and identify any gaps lo be filled. Ensure the effecliveness of the charitable and corporate governance arrangemenls and that they are compliant with chariiy and company law. Ensure ihe Board receive suitable training on govemance, issues including safeguards in respect of conflicts of interest and eligibility of candidates to takc officc as Truslees. Regularly review Ihe major governance risks for Belfast and Lisbum Women's Aid. Annually review and assess the adequacy of Belfast and Lisburn Women's Aid's Corporate Governance policies and practices and recommend to the Board any changes considered and recommend to the Board appropriaie changes. Review and manage the process by which an evaluaiion of the Board and ils COTnmittee5 is conducted. Al a tninimum the Board shall conducl a biennial assessment of its own perforn)ance and compliance with relevant provisions and from lime io lime seek an evaluation by an external evaluator. On occasion ihe Board also has the powers to set up ad-hoc time limited sub<ommittees for a particular purpose should the need arise. The Trustees of Belfasl & Lisburn Women's Aid adhere to the Code of Good Governance, the Slandard5 for governance in the sector, which sels out rhe principles and practices of good governance for the boards of voluntary and community organisations. The Trustees and Board are the custodians of Belfast & Lisburn Women's Aid vision, mission and values; they approve stralegy. struclure. annual plans and budgets and ensure Ihe organisalion is effective and accountable. A scheme of delegation is in place and day to day responsibility for the delivery of services in line with approved plans and budgets rest with the Chief Executive Officer. supported by members of the senior managemeni ieam. The Chief Executive ol¢er and senior managetnen( slaff regularly atlend Board meetings but have no voting rights.
BELFAsf & LISBURN WOMEN'S AID IA COMPANY LThirrED BY GUARANfEE} YEAR ENDED 31 MARCH 2023 DIRECTOR'S REPORT (CONTINUED) Organlsational Strueture (contiftu¢d) The senior management aM comprised of: Kelly Andrews (Chief Executive Officer), Liz Johnston (Finance Manager), Diane Forsythe (Finance Manager - resigned June 2022), Lesley-Anne Hamilton (Finance Manager - resigned December 2022} Judiih Linton (Personnel & Adminislralion Manager), Nttlle Collins. Liz Brogan, Siobhan Graham (Area Managers) and Harriet Long (Children's and Young People Services Manager). PUBLIC BENEFIT STATEMENT The Board of Belfast & Lisburn Women's Aid confirni that they have had due regard for the guidance produced on public benefit by the Charity Commission for Northern Ireland and are pleased lo report that during the year ihe charitable company has conlinued to provide public benefits through the programmes and services we offer. In particular, the direclors consider how planned activities will contribute to the aims and objectives they hav¢ set oul. OBJECTIVLS AND ACTIVITIES The Objects of the Charity. for the benefit of the public, are specifically reslricted to the following.. l ) To relieve distress and suffering by the provision of safe temporary accommodation for women and their children, young people and vulnerable adull dependenls who are. or have been, experiencing domestic, sexual or gender-based violence or abuse., 2) To relieve distress and suffering experienced by women and iheir Children, young people and vulnerable adult dependents by providing andlor promotin8 a range of support services such as inforniation, advice c¢nlres, confidential services, counselling. outreach. court support, Iraining and advocacy; 3) To relieve those in need by the provision of inforniation and advice for ihose alfected by domestic, sexual or gender-based violence or abuse and refeal io relevant support agencies; 4) To advance education on violence againsl women and girls, including trafficking and exploilalion, and ils effecls, and to relieve Ihose in need by promoting lis prevention and the proiection of Ihose affected; 5) To advance education on domestic, sexual and gender-based violence and abuse and their effecls. and io advocate for and to relieve those in need by promoting their prevenlion and ihe proteclion of those affected; 6) To advance women's and children's human rights and gender equality to relieve the suffering and distress caused by violence emanating from the violation, impaimient or nullification of enjoyment of their human rights and fundamental freedoms. Belfast & Lisburn Women's Aid provides a ran8e of accomm(xlation and support serviees lo women and children who have experienced, or are at risk of domestic violence. Our core services are: Support: Providing emeigency safety and protection for women. and their children who experience domestic violence. through temporary refuge ac¢ommodatiOn: Providins Ouireach services to woman and their children within the community; Providing support to children and young people through Community and outreach programmes and aclivilies; Supporting women who need to altend coun on any issue related to doMlIC violence.
BELFAST & LISBURN WOMEN'5 AID IA COMPANY LIMITED BY C.UARANTEE} YEAR ENDED 31 MARCH 2023 DIRECTOR'S REPORT (CONTINUED) OBJECTIVES AND ACTIVITIES (continued) Providing information, practical and emotional support thal enables women. who are leaving a violent situation lo rebuild their lives and the lives of their children; Prevention & Raising Awareness: Provision of a 'One Slop Shop, service for signposting, infomiation and to assisl oiher relevant suppon agencies delivering services to women and children experiencing domesiic violence. This service was iemporarily paused during ihe Covid 19 Pandemic and resumed in September 2022. Provision of lailored and generic education & training programmes to educale and inform the public, media, public sector (police, courts, and social services), corporate sector, voluntary & community sector of the impact of doineslic violence; To continue lo raise awarene5.5 and understanding of the impact of domestic violence on children and young people in schools. in youth and communiiy and oiher seltings involving a range of agencies; Continue to work collaboratively and in partnership with various oiher .statutory. community and voluntary organisations to tackle domestic violence. ACHIEVEMENTS AND PERFORMANCE Performance reports With support from so many and in pursuit of ihe above objectives, the following was achieved: In 2022123, through our accommodaiion and other support services, our impacl on women engaged in Belfasi & Lisburn Women's Aid services was as follows: Accommodation Services: Our refuges received 363 referral5. 185 women were housed in our refuges, some were housed on more than one occasion which made up 204 service engagemcnt.8. 132 children were housed in our refuges, some were housed on more ihan one occasion which made up 139 Service engagements. 29 women and their children were unable to be accommodaled in refuge due to full capacity. OutreachlFloating Support Services: We received 251 O referrals. There were 1509 service engagements made up of 1225 women who were supported ihrough our floaling 5UPPOrt services. 1042 children benefId from iheir mothers being in a floaiing support service. In the 26-54 age range approx., there were 682 service engagements made up of 639 women. 698 children benefited from their mothers being in this floating support service. In the 18-25 age range approx, there were 40 service engagements made up of 40 women. 42 children benefited from their mothers being in this floating support service. Tn our counselling services, there were 188 service engagements made up of 177 women. 172 children benefitted from their mothers being in the counselling projecl. Our counselling Menial Health & Addictions Project helped 35 women. 43 children benefitted from thcir moihers being in this service. In our PSNI projects, there were 85 service engagements made up of 83 women. 105 children benefited from their mothers being in one of our PSNI Projects,
BELFAST & LISBURN WOMEN'S AID IA COMPANY LIMITED BY GUARANTEEI YEAR ENDED 31 MARCH 2023 DIRECTOR'S REPORT ICONTINUED) ACHIEVEMENTS AND PERFORMANCE (continued) In our Iris project. there were 70 service engagcmenls made up of 69 wotnen. 66 children benefited from their moihers being in this service. Our criminal juslice projecl supported 34 women and 29 children benefitted from their mothers being in this service. Our PPRP project supported 7 wotnen. Their 14 children benefited from their mothers being in this .service. Our Trafficking & NRM Projects had 316 service engagemenls made up of 312 women. 130 children benefited from their mothers being in the service. Our TILI project supported 22 women, 7 children benefited from Iheir moihers being in ihis project. We provided short term work al the referral desk 10 29 women. 32 children benefited from their mothers being engaged with this work. Children and Young People's Services 231 children and ieenagers accessed support in the community of Belfast and the wider Lisburn area. 3252 peer groups & 121 sessions were held exploring relationships, self-esteem, emotional lileracy and regulation for children and ieens. 970 play and a(tachment sessions were held between mum and child in our refuge playrooms. As above, 132 slayed with us in our refuge accommodalion and 27 children coniinued io received support as well as were supported lo spend (ime with mum while in care and living with otheTS. 1361 Keyworker sessions were run with 3-18 yr. old's in the community. Children and Young People's Services Highlights: We concluded our Children In Need projecls wilh 3 amazing workers who supported 186 children aged 4-1 l years betwccn 2020 and 2023. We delivered 5 powerful workshops in all boy's schools exploring gender messages and boundaries and safety in relalionships. We ran Key Stage I peer support 8roups for 4-7-yearold's during Halloween, Christmas, Easter and the summer holidays lo give very young children who have experienced abuse an opportunily to engage wilh our support space with oihers who have similar family and home lives io (hem. Group Work Programmes: Of ihe woman engaged in group work programmes: 233 women were supported in the JTF program (249 service engagemenls) and 309 children benefited from their mother's participation in the program. OTHER AWARENESS RAISINGI LOBBYING We have had a wide rangc of oiheT activities throughout ihc year: Stalking Awareness Week - April 2022 Every year, Belfast & Lisburn Women. s Aid support women who experience stalking behaviours from Iheir perpetrators as they try to break free from the cycle of abuse. Led by the Suzy Lamplugh Trust, a stalking charity based in England the campaign for 2022 was called Bridging the Gap. highlighting the vital role thal stalking advocates play in bridging ihe gap between the victim and the criminal justice system.
BELFAST & LISBURN WOMEN'S AID IA COMPANY LIMITED BY C.UARANfEEI YEAR ENDED 31 MARCH 2023 DIRECTOR'S REPORT (CONTINUED) OTHER AWARENESS RAISINGI LOBBYING (continued) Due in part to the tireless lobbyin8 by ihe Women's Aid Federation NI, the Proleciion from Stalking Act (Northern Ireland) 2022 ('Ihe Act,) came into effect on 27 AprAI 2022. it created a specific offence of Stalking and a further offence of Threatening and Abusive Behaviour. Maternal Mental Health Awareness Week 2022: Domestic Abuse &nd Maternal Mental Health 7 May 2022 Ai Belfast and Lisburn Women's Aid we support and work with many mothers who are experiencing mental healih difficulties due lo the abuse and trauma they're subjected to. In this week we highlighted some of ihe work we do with ihem across our services. By sharing our work, we hoped to show that speaking up about maternal Tnenlal health issues faced on individual journeys can help to create a sense of community and support and help molhers who feel isolated because of their mental healih challenges feel less alone. The overall iheme of maternal menlal health week 2022 was 'The Power of Connection,, with each day during the week having had its own focus. Mental Health Awareness Week- 9 M&y 2022 Mental Health Awareness Week, hosted by ihe Mental Healih Foundalion, is in its 22nd year and ran from 9-15 May. The theme for the week was 'Loneliness' and how it impacts on our mental health. Annual Conference 2022 Opening Doors Opening Mind5 13 May 2022 Our annual conference is a celebration of the lives transformed ihrough our vilal and lifcsaving work, paving ihe way for ihe continued and improved services io tackle and preveni domestic abuse in Belfast, Lisburn and beyond. Throughoul the pandemic, many women and children continued to face domeslic abuse behind closed doors. At Belfasl & Li8burn Wotnen's Aid, our doors remained open - dedicated and committed to providing specialist support and emergency accommodarion when it's needed the The theme of 'Opening Doors, Opening Minds, delved into Ihe ways in which professionals from all sectors can work io challenge and prevent domestic abuse. Under this theme, our speakers and panellists discussed the roles of; Ihe juslice system and legislation, health and social care, housing, and education, training and inlervention to challenge societal atliludes. The theme of 'Opening Doors, Opening Minds, al80 means Ihal as a soL'iety we can - and should - all play a role in preventing domestic abuse, al the le&st by helpin8 lo put a %top to the culiure. atliludes dnd beliefs that perpetuate ii. We all can play a part. no matter how small, to ensure no woman or child needs io livc in fear for their safely or their lives. We need to open our minds to Ihe po.ssibililies of what can be achieved by working together, across communilie.4 and sectors. Women and children do noi need to suffer in Silence. Doors are open to freedom from abuse, to new beginnings and future possibilities. IOK by May - 2022 In January 2021, we launched our first ever #IOKbyMay challenge in an effort to raise awareness of the impacl and types of domestic abuse, raise funds to support our vilal work and spread our message of support 10 women in the Belfast and Lisburn areas who were or have been subjected to abuse from an intimale partner. This campaign was a huge succe55, not only in raising funds, bul in pulling togeiher people across our local communities and beyond, uniling them under a common cause. So, by popular demand, Ihe #IOKbyMay was back for 20221 This time we didn'l manage lo hit the Iok but we raised over £61Th). World Elder Abuse Awareness DAY 15 June 2022 We embraced World Elder Abuse Awareness Day on 15 Junc and reached out to older women experiencing domestic abuse, highlighiing Ihat support 1% available and it is never too late to seek help and support. We often hear thai older women are "hidden" or'invisible" victims of domeslic abuse.
BELFAsf & LISBURN WOMEN'S AID {A COMPANY LIMITED B Y GUARAprrEEI YEAR ENDED 31 MARCH 2023 DIRECTOR'S REPORT (CONTINUED) OTHER AWARENESS RAISING/ LOBBYING (conlinued) however, we want to break down these barriers and myihs which can prevent older women seeking help by emphasising that SUPFM)rt is available for women of any age - il's never too late. We delivered an awareness session highlighting the effects of domestic abuse on older women to a lovely group of older people at Belfast Cenlral Mission. Women fin Media Belfast September 2022 In Septetnkr we were delighted that Wornen in Media Belfast chose lo partner with us to raise awareness of our services and raise funds for our children and young people. Renowned journalist Amanda Ferguson (113 of Women in Media Belfast) talked io our very own Comrnunicalions & Engagement team about our work. One-stop Shop Relaunch September 2022 Our One-stop-shop was re-Launched on the 7 Sepiember 2022 after the pandemic. This mulii-agency dropin service provides free. immediate and confidential access to legal, benefits, safely and housing advice, plus Wotnen's Aid services. It 15 for women experiencing financial, sexual, emotional or physical abuse from a current or ex-parlner. Antl.Slavery Week . Oclober 2022 Anli-slavery Week took place from 17 - 25 October 2022. We are currently contracted by the Departmenl of Jusiice lo provide support 10 Polential female aduli victims of modern slavery in Northern Ireland upon signing into ihe National Referral Mechanism (NRM). To help with the recovery journey, some of the staff at Women's Aid have identified less conventional ways of helping these women. Horses for People have been working wilh people who have experienced extreme truuma in an effort to build confidence and shifi the dial in iheir Irauma recovery Journey. They facilitate Close connections between traumatised individuals and their mainly ex-show jumping horses to help them lap into the sensory and communication qualities innate in horses. In a phrase - Equine Therapy. This was such a valuable experience for the women in our trafficking project we are seeking funding to help more women in the project. Homelessness Awareness Week 5-1 l December 2022 Our CEO joined other providers publicising Homelessness Awareness Week (HAW) which is a week of social. educalional and awareness raising events aiming to raise awareness of the realiiy of homelessness in Northern Ireland. Held annually, il seeks io challenge slereotypes around homelessness and highlight the invaluable work of ihe homelessnes.4 sector here. A wide range of events wcrc hcld across Nl. The (heme HAW22 wa5 'Have the Conversation, to inform people across NI about ihe reality of homelessness and how we can work iogether lo prevent it. 16 Days of Aetlvlsm (November 25th - December 10th 2022) The 16 Days of Activism against Gender-Based Violence is an annual inlernalional campaign that kicks off on 25 November. the International Day for the Elimination of Violence against Women, and runs until 10 December, Human Righis Day. This was a regional campaign co-ordinated by Women, s Aid Federation of Northern Ireland {WAFNI). The theme for 2022 was 'Activism to End Violence Against Women and Girls.. Light up Someone's Life this Christmas - Christmas Appeal Launched on 91h November 2022. The online campaign consisted of various content including videos. festive fundraising ideas and our donalions wish list, We received a lotal of approx. £34k from JustGiving, Enlhuse and bank donations iogether with a significant value in gifis and store vouchers.
BELFAST & LISBURN WOMEN'S AID A COMPANY LIMITED BY GUARANTEE) YEAR ENDED 31 MARCH 2023 DIRECTOR'S REPORT (CONTINUED) OTHER AWARENESS RAISINGI LOBBYING {continued) Sexual Abuse and Sexual Violence Awareness Week 2022 February 7th-13th Sexual Abuse & Sexual Violence Awareness Week ran from 71h 131h February. Content for social media wa5 curated by WAFNI and posted a5 a regional campaign by local groups across Nl. International Women's Day - March 2023 International Women's Day was successful in rai.%ing huge awareness on ihe Violence Againsi Women and Girls Strategy with our carnpaign c¢)ordinated by ourselves and WAFNI. Staff marched in Belfasi Cily Centre lo raise awareness. Support and Resources As detailed tn the financial statements, our principal funders are Supporting PeoplelNIHE and we received continuing funding from Belfast Health & Social Care Trust, South Eastern Health and Social Care Trusl, Department of Education - Pathway.s. We also secured valuable support and funding from Belfast City Council Belfast Districi PCSP. And Homeless Connect granted us funds dislributed over the Christmas period for the direct benefit of women's and children residing in refuge. Staff and volunteers continued to provide services and support to women and children, at the poinl of crisis, risk and need, to a high standard meeting all inlernal and exlernal quality assurance and good practice slandards and requirements. They continued io work closely with a range of or8anisalions acros.s the Statutory, public, voluntary and community sectors playing (I key role in a numbcr of inleragency domestic violence and other partnerships. Voluntary work is a fundamenlal part of ihe organisation'5 practice, From voluntary committces to practical help with the establishment of .services. the range of voluntary worker involvemeni has been invaluable. Some of our amazing volunteers were unsurprisingly nominaied for an award at the Age-Friendly Belfa.8i Older Volunleers Awards 2022 in Cily Hall on ihe 22 December 2022. We are so lucky lo have ihe ongoing suppon of an incredible volunteer leam who dedicate their time and efforts to milking a real difference here. We wani to take this opportunily to publicly .say (hank you to our volunteer5 in your various roles for enhancing the serviccs we as an organisation provide for women and children who have experienced dotneslic violence. We graiefully received generous support from a significnI number of organisations and individuals lo which we extend a massive thank you. FINANCIAL REVIEW The detailed financial resulis for the year ended 31 March 2023 are shown on pages 24 to 26 of the LLounts whiLh accompany this report. In summary, total incoming resources were £3.84m, an increase of £fjfj4k or 17% on 2021122. whilsl total resources expended increased by 24% or £738k, 10 £3.77m, remeasurement gain on defined benefit pension plan of £0. Ik (2021122: £19k gain) resulting in a net movement in funds for the year of £8k deficit (2021122: £349k surplus), 10
BELFAST & LISBURN WOMEN'S AID {A COMPANY LIMITED BY GuARAEEl YEAR ENDED 31 I¥IARCH 2023 DIRECTOR'S REPORT (CONTINUED) FINANCIAL REVIEW (continued) During ihe year 10 31 March 2023 our iiicoine (in £'s) camefrom.. Income From Supporting People- Refuge Supporting People - Floating Support Housing Management Health & Social Care Trusts Grants Donations Investment Income Rentydl Income Utllitie&lMiscellaneous Income Trainlng 883.524 518.468 427,547 219.424 1,586.277 90,221 36,374 28.200 50,780 3,219 3,844,034 23Q/o 14% 41% 20/0 Less than l % Less ihan l % loo% And ive 5peiil oilr nioiiey oil." Resources Expended Supported Housing Outreach Support Other Voluntary IncomelRoising Funds 1,979,703 1,735,425 43,572 13.552 3,772,252 52% 46% Less than 1% IOOf¢ Summary B&lance Sheet A131 March 2023 Belfasl and Lisburn Women's Aid held the following assets: Fixed Assets Net Current Assel after pension liability 3.655,266 1,5.54,088 5,209,354 And ihe following funds,, Unrestricted Designated Restricted 2,097.666 1,651,083 1.460,605 5.209,354 Capital investment for 2022123 to(alled £Nil (20121122,, £Nil), Cash balances at 31 March 2023 amounted io£1,189,151.
BELFAST & LISBURN WOMEN'S AID IA COMPANY LIMITED BY GUARANTEE) YEAR ENDED 31 MARCH 2023 DIRECTOR'S REPORT (CONTINUED) FINANCIAL REVIEW (continued) Principal Sources of Income and How Expenditure meets Objectives As detailed in the financial slalemenls, our principal funders are Supporting People/ NIHE, Quarterly contract performance reports are .submitted to Supporting Pcople which assess performance against agreed KPIS and SPIS. The organisation receives funding from ihe Belfast Health & Social Care Trust and the South Eastern Health and Social Care Trust, monthly conlract performance reports are submitled to the TTusls lo assess performance against agreed targels. We also received continued funding from the Department of Educalion - Pathways and Departmenl of Justice. The funding received has enabled Belfast & Lisburn Women's Aid to provide the services. staff, and resources required lo meet ihe aims and objectives outlined previously in this documeni. Risk Management Risk Policy and Internal Control Framework The Board of Trustees have a legal duty to ensure that they manage the charity's resources responsibly Ihrough ihe implementation of appropriate finiincial controls and the management of risk. Having primary respon%ibiliiy for risk managemenl, the Board on an on-going basis consider Ihe main slr(Ilegic, business and operational risks facing the organisalion. Belfast & Lisburn Women's Aid has established a comprehensive risk management process. a Risk Analysis Matrix involves identifying ihe types of risk ihe organi5iilion faces, prioritising ihem in terms of impact and likelihood of occurrence and identifying me&ns of Iniligating Ihe risks. The Board is responsible for eslabli.shing and operaiing control and reporting procedures designed to give reasonable bu( nol absolute assurance againsl malerial misslatement and loss. The directors confirm effective controls and reporting systems are in place to lessen these risks. Principal Risks & Uncertainties unding Security: The principal financial challenges facing the organisalion are in the areas of income generalion, against the backdrop of long-term financial insecurity facing mdny in the sector in addition to potential cuis in public expenditure; it will continue to be difticult to plan long lem. Belfasi & Lisburn Women's Aid is enlirely dependent on Ihe goodwill of Governmental. relevant partner agencies and the public. We are acutely aware of the significant financial and other challenges that lie ahead for our organisation and ihe wonien and children we support. The fundraising environment remains very challenging, uncertain funding and some projecls continuing io be at risk of short-term funding continues to make fulure planning extremely difficult. A combination of increased compeiilion for public funds and pressure on Govcrnmeni finanLes means Belfast & Lisburn Women's Aid needs to reduce the risk of significanl income fluctuations. The itnmediate challcnge is to seLure funding from relevanl partneragencies that will sustiiin our projecls and posts into the future. We will also be working to reduce and control costs by ensuring ihat our processes and procedures gel the best value for money in all expenditure. Increasingly. to deliver public services there is a requirement to enier into the tendering process which necessilates the need io be fully prepared for the polential challenges which lie ahead. Operational: The personal securiiy of staff and safety of the woman and children supported is Belfast & Li5burn Women's Aid highesi priority. Comprehensive policies and procedures are in place to ensure that this risk is appropriately managed such as adherence to Safeguarding. General Data Protection Regulalions, Health & Safety, Proiection from Abuse, and Lone Working policies and procedures. 12
BELFAsf & LISBURN WOMEN'S AID (A COMPANY LIMITED B Y GUARANTEE YEAR ENDED 31 MARCH 2023 DIRECTOR'S REPORT (CONTINUED) FINANCIAL REVIEW (continued) Principal Risks & Uncerlainties <continued) Cyber Security and Continuity: At all times, Belfast & Lisburn Wofflen's Aid strives lo ensure that we operate a secure environment in relation to data 5ecurily. We are dendent on IT and communication systems for processing and storing our data. To prevent disruption to operalions due to damage to systems or unauthorised access to data Belfast & Lisburn Women's Aid has robust cyber securily measures in place. Compliance and Regulation: Significant damage to Belfast & Lisburn Women's Aid reputation could be caused due lo non-compliance wilh laws, regulations or codes of best praclice. Belfasi & Lisburn Women's Aid implements well*stublished policies and procedures and adheres to the sector's recommended codes of practice (such as the Stalement of Recommended Practice - SORP) to ensure compliance wilh applicable regulatory and legal standards. Environmentsl and External Risk5,' Belfast & Lisburn Women's Aid monitors the external environment in order lo anticipaie polilical, social or economic risk5, so ihat plans can be pul in place to minimise any negative impaci on organisalional activities or ihe reputation of ihe organi.%aiion. We have robust procedures lo assess and implement effective measures to reduce the likelihood and ihe potential impact of risks occurring. We have confidence in the need for our support services. the effecliveness in our approach and ihe backing of our partners and we will endeavour to make every effort to conlinue lo provide sustainable, responsive, high qualiiy and effeciive service5 that meet the needs of women and children living with domestic violence. We will continue to negoiiale wilh government departments to exiend their commitment to ensure thai our core work Can effectively continue and secure the sustainability of all our projects. Reserves pollcy Belfasi & Lisburn Women's Aid maintains a prudent level of reserves to enable the organisation to manage financial risk and deliver on our commitments. The objective is that Belfasi & Lisburn Women's Aid would be able to carry on its work, even if faced with a combination of difficult ircumstances, and have the time to adju.s1 its slralegy to meet these changing circumstances. Our reserves policy is sei Iherefore to ensure that ihere is no disruption to our services at short notice. due to a lack of funds, an unforeseen reduction in income or an increase in expendilure, while at the same time ensuring Ihal reserves are no higher than necessary and not reiained for longer than required, This gives time in (he event of a drop in funding, to seek alternative funds, reslruclure and cul costs whilst continuing to provide current services, The Trustees assess Belfasi & Lisburn Women's Aid requirements for reserves in light of the main risks to the organisation. Ir has esthblished a policy whereby the unrestricted funds, funds that are freely available to be used for our general charitable purposes and are not committed or restricted by the provider (reslricled funds) ideally represeni between 3 and 6 months expenditure. The actual level of reserve.s is monitored on a monthly basis and reviewed regularly, if the level looked likely lo move significantly outside the target range, aclion would be laken to bring it back in line with the target. Reserves are represented by the fund balances in the balance sheet on page 25. 13
BELFAST & LISBURN WOMEN'S AID IA COMPANY LIMITED BV CUARANTEE) YEAR ENDED 31 MARCH 2023 DIRECTOR'S REPORT (CONTINUED) FINANCIAL REVIEW (continued) Reserves policy (conliniied) GÉiTeral/Free reserves (iiiirestricled) - do not carry any restriclions on how they can be used as they are not restricted to, or designated for. a particular purpose, The iolal reserves of the organisation for 2022123 are £5.2m (2021122 also £5.2m) which includes fixed assets of £3.7m (2021122: £3.8m) of which reslricted £1.2m (2021122: £1.2m), unrestricted general £1.2m (2021122: £1.2m) and unrestricted designaled £1.3m (2021122: £1.4m). In a55essing our level of free reserves, we exclude the designated fund of £1.7m (2021122: £1.8m) and the £1.5m (2021122.. £1.5m) held in restricled funds which leaves free reserves of £2.1 m (2021122,. £1.9m). Thi.% is equivalent to approximately 7 months, expenditure at 2022123 levels and represents 40% of total organisational reserves. This has not significanily devialed from our policy remaining fairly slaiic when compared io previous years.. Year Free Reserves as a of Tolal Reserves Freelceneral Reserves £1.-150,108 £1,411,10 £1,448,894 £1.643,188 £1,950.171 £2,097,666 Resources Expended £2.187.155 £2.201,211 £2,219,426 £2.449,7.14 £.3.013,761 £.1,772.252 Operational Cost Cover (Months) 2017118 2018119 2019120 2020121 2021122 2022123 28 .IOYo .141h .17% 4017n The Trnstees are .satisfied that 7 months operutional cost cover i.s deemed prudent. Given the ongoing uncertainties that our organisation faces, our fulure plans are to mainlain our leve15 of general reserves to meet the working capital requirements of the organisation. The Truslees are confident that ai ihis level there are sufficieni reserves held al the year end to enable it lo continue to further 11.8 aims and goals in Ihe evcni of a significant drop in funding and that they would be able to continue ihe currenl activities of the charity for the foreseeablc fuiure. Pensioii sL'heme deficit - In relation to Belfast & Lisburn Women's Aid membership of ihe Pensions Trust's growth plan (Defined Benefil scheme} which has been closed to new members, the organisalion is required to meet a deficil which is to be paid over a period of 10 years. The deficil contribulions required is offset against general reserve5. A balance of £55k (2021122: £98k) has been included in designated funds to represeni the eslimated poteniial pension liability of £60k (2021122.. £105k) which, although unlikely to occur, is the estimaled cost of withdrawal from ihe Growth Plan. DesisiiaiLilfiin<15 (iinreslricled) - are those unreslricted funds that have been allocated by the Trustees for particular purposes. The designated fund for fixed assets of £735k (2021122: £718k) represents resources invested in the organisation's fixed assets that cannot quickly be realised and are therefore. not available for other purposes. Funds have been designated io cover service provision 10 allow for Ihe funding and support of our Oufreach service provision. The designated fund for Project Development £162k (2021122.. £162k) wa5 sel up to enable ihe charity to ring-fence funds for refurbishment propo.sals to our refuges. Funds of £58k (2021122: £58k), have been designaled to cover employmeni contractual obligations as Iruslees identified ihe need to have sufficient funds to enable them to meet coniraclual obligations in the event of any redundancy situation that may arise due to a significant reduction in funding. Fair Value Re5erves- Investment Property and Listed Investments Portfolio are in place lo represent revaluation gains on invested resources held by the organisation. 14
BELFAST & LISBURN WOMEN'S AID (A COMPANY LIMITED BY GUARAKfEE) YEAR ENDED 31 MARCH 2023 DIRECTOR'S REPORT (CONTINUED) FINANCIAL REVIEW (continued) Reserves policy (continued) These Invested resources cannot be quickly realised and therefore are non-distribulable amounts unless sold. Service Provision Fund represents a conlribution from the Belfasi Health and Social Care Trust lowards Ihe provision of refuge and outreach 5UPPOrt services experiencing financial pressure. Pension Reserve fund represents the potenlial pension liability on withdrawal from the Scheme {Note 30). A Crisis Fund of £17k (2021122; £19k) has been ring-fenced to assist the women and children we support by providing a small amount of money to alleviate unforeseen hardship allowing immediaie access to support to 'relieve poverty and menial and physical disiress among women. Restrictedfunds - These funds are lied to particular PUTpose5, specific areas or activitie5, as specified by ihe donor or as idenlified at the time of receiving the funds, At 31 March 2022, unspent reslricled funds were £1.46m (2021122: £1.48m) - see Note 23 for further details. The Truslees believe that there are .4ufficient reserves held al the year-end io successfully manage operational and financial risks. The board therefore con8ider,8 ihere i.s a re&sonable expectation ihai ihe organisalion has adequate resources lo conlinue our core work for the foreseeable future. Whilst the currenl economic and public sector funding situation is expected to remain challenging for some lime to come, Belfast & Lisburn Women's Aid have had a good tra¢k record over the years of being able to maintain income as we deliver valued and cosl-effeclive services. PLANS FOR FUTURE PERIODS Our strategic aims for 2022-2025 To provide high quality, evolving support and services ¢0 women and children who experience domestic abuse; Value our slaff, volunteers and organisalional culture. Build a sustainable funding and growih strategy; Challenge atiiludes of domestic violence; Enhance our partnership working. Continuing to drive service improvement within restricted resources is a challenge, however it is vilal to the quality of services we provide to en.sure value for money and share re.sponsibility for raising money, it is more important than ever ihat all staff and volunteers work togeiher to maxin]ise our income and the overal I sustainability of our organisation. FIXED ASSETS The movement of fixed assei invesimenis during the year is set out in Note 16 to ihe accounis. Investment Porlfolio Strategy The investment portfolio is managed by Evelyn Partners, a trading name of Evelyn Partners Investment Management LLP, previously (Smith & Williamson. a Irading name of Smith & Williamson Investment Management LLP) (registered in England, at 45 Gresham Street, London. EC2V 7BG, number (E369632, authorised and regulated by the Financial Conduci Authority). The Truslees core objective is a balance between longer term growih and current income. 15
BELFAST & LISBURN WOMEN AID {A COMPANY LIMITED BY GUARANTEEI YEAR ENDEDJI MARCH 2023 DIRECTOR'S REPORT (CONTINUED) FIXED ASSETS Investment Portfolio Strategy (continued) The inveslment slrategy (Multi-a5se( Portfolio B) is intended to offcr the potential for greater relums than cash and fixed inlerest alone by including limited amounts of equities and al(ernative inveslmenls in addition to cash and bonds. Quarterly portfolio valuations are received from Evelyn Partners and the perfonnance of the investment is regularly monilored by the Trustees. TAX STATUS Under Section 505(i)(a) and (c) Income and Corporation Taxes Aci 1988, Belfast & Lisburn Women's Aid is enlitled io charily lax exemption, STATEMENT OF DIRECTORS, RESPONSIBILITIES The trustees (who are also the direclors of Belfasi & Lisburn Women's Aid) are responsible for preparing the Direciors. Report and Ihe financial statements in accordance with applicable law and United Kingdom Accounting Standard.8 (Uniied Kingdom Generally Accepied Accounling Praclice). Company law requires the directors to prepare financial statements for each financial year. which give a true and fair view of Ihe stale of affairs of ihe charitable company and of the income and expenditure of ihe charilable company for that period. In preparing Ihese financial slatemenls the directors are required to: • select suilable accounting policies and then apply ihcm consistently; obscrvc the meihods and principles in Ihe Charities SORP 2019 (FRS 102). make judgemenis and estimates that are reasonable and prudent. slate wheiher applicable UK Accounting Siandards have been followed. subject to any maierial departures disclosed and explained in the (inancial 5talements; prepare ihe financial slatements on the going concern ba%is unless it is inappropriate to presume Ihat the charitable company will continue in operation. The direclors are respon.sible for keeping adequaie accounting records that disclose with reasonable accuracy at any lime the financial position of the charitable cotnpany and enable Ihem to ensure that the financial stalemenls comply wilh the Companies Act 2(M)6. The direclors are a150 responsible for safeguardin8 the asset.4 of the charitable company and hence to take reasonable slep5 for the prevenlion and detection of fraud and other irregularities. DISCLOSURE OF INFORMATION TO AUDITORS We. the directors of ihe company who held office ai the date of approval of these Financial Statements as set oul above each confirm, .$0 far as we are aware, that: there is no relevant audit infonnation of which the charitable company'.s audilors are unaware. and we have taken all the Sieps that we ought to have taken as directors in order to make ourselves aware of any relevant audil information and io establi.%h that the charilable company's auditors are aware of that information. 16
BELFAST & LISBURN WOMEN'S AID (A COMPANY I.IMITED BY C.UARANfEE) YEAR ENDED 31 MARCH 21123 DIRECTOR'S REPORT (CONTINUED) STATEMENT OF DIRECTORS? RESPONSIBILITIES (continued) In approving the Directors, Report. we a150 approve the Strategic Report included therein, in our capacity as company directors. The trustees are responsible for ihe maintenance and inlegrity of the corporate and financial information included on ihe charitable company's websiie. Legislation in the United Kingdom governing the preparalion and dissemination of financial statements may differ from legislation in other jurisdictions. By order of the Board Tara Kennedy - Treasurer Direclor Ruih McAdam- Chair Direcl Dale: Dale: 13.1?.?O 17
BELFAST & LISBURN WOMEN'S AID
IA COMPANY LIMITED BY GUARANTEE)
YEAR ENDED 31 MARCH 2023
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF
BELFAST & LISBURN WOMEN'S AID (A COMPANY LIMITED BY
GUARANTEE)
Opinion
We have audiled ihe financial statemenls of Belfasi & Lisburn Women's Aid {the 'charitable company,)
for the year ended 31, March 2023 which comprise the Siatemeni of Financial Activities (including
income and expenditure accounl), Ihe Balance Sheet, the Statemeni of Cash Flows and note5 to ihe
financial staiemenls, including a summary of significant accounting policies. The financial reporting
framework thai has been applied in iheir preparalion is applicable law and United Kingdotn Accounting
Sianddrd.s. including Financial Reporting Standard 102 The Fiiiancial Reporting Siait
BELFAST & LISBURN WOMENS AID (A COMPANV LIMITED BY GUARANfEEI YEAR ENDED 31 MARCH 2023 INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF BELFAST & LISBURN WOMEN'S AID (A COMPANY LIMITED BY GUARANTEE) (CONTINUED) Concluslons relatlng to golng Concern In audiling the findncial st4ileTnent5. we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relaling to events or condilions thal, individually or collectively, may cast significant doubt on the charilable company's ability to continue as a going concern for a period of ai least twelve months from when ihe financial stalements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of ihis report. Other information The other infornialion comprises ihe informaiion included in the annual report other than the financial statements and our auditor's report iherein. The trustees are responsible for the other information ontained wiihin ihe annual report. Our opinion on the financial statements does not cover ihe other information and, except lo the exlenl oiherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is lo read the oiher information and. in doing so, consider whether the other information is maleridlly inconsistenl with the financial stalernents or our knowledge obtained in ihe audil or oiherwise appears lo be malerially misslaled. If we identify such material inconsisiencies or appareni material misstaiements, we are required to determine whether ihere is material misstatement in the financial statements. If, based on the work we have performed, we conclude ihal there is a material misstalemenl of this other information. we are required io report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2(K)6 In our opinion, based on (he work undertaken in the course of ihe audit.. Ihe information given in the directors, report for the financial year for which the financial slalements are prepared is consistent with the financial slatements. and Ihe directors. report has been prepared in accordance with applicable legal requirements. 19
BELFASY & LISBURN WOMEN'S AID IA COMPANY LIMITED B Y GUARANTEE) YEAR ENDED 31 MARCH 2023 INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF BELFAST & LISBURN WOMEN'S AID (A COMPANY LIMITED BY GUARANTEE) (CONTINUED) Matters on which we are required to report by exception In the lighi of our knowledge and understanding of the charitable company and its environment obtained in the course of the audil, we have not identified material misstatements in ihe directors, report. We have nothing to report in respect of Ihe following matters in relation io which the Companies Aci 2006 requires us to report to you if. in (Jur opinion: adequate accounting records have not been kepi. or returns adequate for our audit have noi been received from branche5 nol visited by us; or Ihe financial statements are not in agreemenl with the accounting records and returns; or certain disclosures of director8, retnuneration specified by law are not made; or we have not received all the information and explanalions we require for our audit; or the trustees were not eniitled to prepare ihe financial statements in accordiince with the small companies, regime and lake advantage of the small companies. exempiions in preparing the direclors, report and from ihe requirement to prepare a Slraiegic report. Responsibililies of trustees As explained more fully in the slatemeni of direciors, responsibilities set out on pages 16 and 17, the trustees (who are also the directors of the charitable company for the purpose of company law) are responsible for ihe preparalion of the financial statements and for being satisfied that they give and true Ind fair view, and for such inlerndl control as the Iruslees deiermine 15 necessary to enable the preparation of financial siatemenis that are free froin material missiaiement, whether due to fraud or error, In preparing the financial stiltemenls, the trustees are responsible for assessing Ihe charitable company's ability to continue as a going concern, disclosing, as applicable, matters related 10 going concern and using the going concern basis of accounting unless the trustees wither inlcnd io liquidate the Lharitable ompany or to cease operations, or have no realistic alternative bul to do so. Auditor's responsibilities for ihe audit of the financial statements Our objectives are to obtain reasonable a5.surance aboul whether the financial statements as a whole are free from material misstatement, wheiher due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee ihat an audit conducted in accordance with TSAS (UK) will always detecl a malerial misstatemeni when il exists. Mi55tatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected (o influence the economic decisions of user5 taken on the basis of these financial statements. 20
BELFAST & LISBURN WOMEN'S AID IA COMPANY LIMITED BY GUARANfEEI YEAR ENDED 31 MARCH 2023 INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF BELFAST & LISBURN WOMEN'S AID (A COMPANY LIMITED BY GUARANTEE) (CONTINUED) Auditor's respoThgibilities for the audit of the financial statements (conlinued) Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line wilh our responsibilities, outlined above, io detect material mi551atemenls in respect of irregularities. including fraud. The specific procedures for ihis engagement and the exlent to which these are capable of detecting Iegular1tlCs, includin8 fraud is detailed below: Extent to which the audit was considered capable of detecting irregularities, including fraud We identify and assess the risks of material misstalemenl of the financial staiemenls, wheiher due to fraud or error, and Ihen design and perform the audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate lo provide a basis for our opinion. Identifying and assessing potential risks related to irregularities In identifying and assessing risks of material misscalemenl in respect of irregularilies, including fraud and non-compliance wilh laws and regulations, we considered the following: The nalure of the induslry and sector, conlrol environment and charity's financial results and position; Resulis of our enquiries of managemenl about their own identification and assessment of ihe risk% of irregularities; Any matters we identified having obtained and reviewed the Charity's documentation of iheir poli¢ie5 and procedures relaling io,, Identifying, evaluaiing and complying wilh laws and regulations and whether they were aware of any instances of non-complian¢e; Deiecting and responding io the risks of fraud and whether they have knowledge of any aciual, suspecled or alleged fraud; and The inlernal controls eslablished to miiigate risks of fraud or non-compliance wilh laws and regulalions: The matter5 discussed among ihe audil engagemenl team regarding how and where fraud might occur in ihe financial Sialemenls and poiential indicators of fraud. A.5 a resuli of these pro¢edureb, we considered that the opportunilies and incentives thal may exist within the chariiy for fraud and identified Ihe greatest po(ential for fraud in revenue recognition and management bias in accounling eslimates. In common wilh all audiis under ISAS (UK), we are also required to perforni specific procedures to respond to the risk of management override. We also obiained an understanding of the legal and regulatory frameworks that the Charity operates in, focusing on provisions of ihose laws and regul<ilions thal had il direcl effeci on (he detemiinalion of material amounts and disclosure5 in the financial statemenls. The key laws and regulations we considered in this conlext included Charity legislation applicable to Northern Ireland. Charity's governing document and Ial tax legislation. In addition. we considered provisions of other laws and regulations thai do not have a direct effect on the financial stalements but compliance with which may be fundatnental io the Charity's ability to operale or io avoid a material penalty. 21
BELFAST & LISBURN WOMEN AID IA COMPANY LIMITED B Y CUARATrrrEEI YEAR ENDED 31 MARCH 2023 INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF BELFAST & LISBURN WOMEN'S AID (A COMPANY LIMITED BY GUARANTEE) (CONTINUED) Audit response to the risks identified Our procedures to respond to risks identified include the following.. Reviewing the financial stalements disclosures and testing to supporting documcntalion to assess complidllLe with provisions of relevdnt laws and regulaiion.s described as having a direct effeci on the financial stalcments- Enquiring of managemenl and external legal advisor.s concerning actual and polential liligation and claims: Performing analytical procedures to identify any unusual or unextK¢ted relalionships that may indicaie risk of material misstatements due to fraud; Retiding minutes of meetings of ihose charged with governance and reviewing corre.spondencc with lax auihorities. and • In addressing the risk of fraud through managemenl override of conlrols, testing the appropriateness of journal entries and other adjustments including those relating io rcvenue recognition; assessing whether the judgements made in making accounting eslimales are indicaiive of potential bias; and evaluating the rationale of any significant transaclions thal are large, unusual or outside the nornial course of the chariiy's aclivities. We also communicaled relevant idenlified laws and regulations and potential fraud risk5 to all engagemeni teams members and remained alert to any indications of friiud or non-cornpliance with laws and regulations throughout the audit. Owing io ihe inherenl limitations of an audil, there is an unavoidable risk thilt we may not have detecied some malerial mi%slalemenl in the financial siatemenls even ihough we have properly planned and performed our audit in accordance with auditing fAandards. In addition, as wilh any audit, there retnains a higher risk of non4eteclion of irregularities. as they may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not respon.sible for preventing non-compliance and cannot be expected to detect non-cornpliance with all laws and regulalions. A further description of our re%pon%ibilities 1% available on the Financial Reporting Council websiie at htip:Ilwww:frc.or .a.ukl udil nsibilities. This description forms part of our auditor's report, 22
BELFAST & LISBURN WOMEN'S AID IA COfvIPANY LIMITED BY GuARAEE) YEAR ENDED 311¥IARCH 2023 INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF BELFAST & LISBURN WOMEN'S AID (A COMPANY LIMITED BY GUARANTEE) (CONTINUED) Use of our report This reporl is made solely to the charilable company's members, as a body. in accordance with Chapier 3 of Part 16 of the Companies Aci 2006. Our audit work has been undertaken so that we might stale lo Ihe charitable company's members ihose matters we are required to state to ihem in an auditor's report and for no other purpose. To the fullesl exlent perniilted by law, we do noi accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audil work, for this report, or for ihe opinions we have fortned. Nigel Moore FCA (Senior Statutory Auditor) For and on behalf of GMCG Belfast Chartered Accountants Statutory Auditor Chartered Accounianis & Statutory Audilor Alffcd House 19 Alfred Street Belfast BT2 8EQ Dated: 13.12.7 23
BELFAST & LISBURN WOfvIEN'S AID IA COMPANY LIMITED B Y GUARANfEEI YEAR ENDED3J MARCH 2023 STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023 2023 Tot81 funds 2022 Total funds Unrestricted funds Restricted funds Notes Iorne from: t>)nations and legacie.s Charitable activities: Grants and Conlracts Training Other Investments Other 72,363 17,858 90,221 178,735 961,541 3,219 36,045 64,574 14,735 2,673,699 3,635,240 3219 36,045 64574 14,735 3,012,327 9(J) 24,093 62,776 11,555 TotV41 income 152 477 2,691,557 3 844,034 3,290,386 Expenditure R¢iising funds Charitable dciivities Other 13,552 1,011,864 3935 13,552 3,715,128 43,572 14,877 2,940.216 78,668 2,703,264 4,037 Total expenditure Re¥ilised losse.8 on inveslmenls Unrealised (losses)Igain.s on inveslments 1,064,951 (3,933) 2,707JOI 3,772,252 (3,933) 3,033,761 16 (76,225) (76,225) 92,751 Net income l (expenditure) Transfers between funds Other recognised gains l (losses): Remeasurement gainl(lo%s) on defined benefit pension plan Other gainsl(losses) Net movement in funds Reconciliation of funds: Total funds brought forward 7,368 (15,744) {8J76) 349,376 22 125 125 18,760 7,493 (15,744) {8251) 368,136 3,741256 1,476,349 5217,605 4.849.469 Total funds carried forward 3 748,749 1460 605 5209 354 5,217.605 All incoming resources and resource.s expended derive from continuing activities. The statement of financi<il activities includes all gains and losses recognised in ihe year. The notes on Pdges 27 to 54 forn) part of these accounts. 24
BEL*AST & LISBURN WOMLN'S AID IA COMPANY LIMITED BY GUARANTEE) YEAR ENDED 31 MARCH 2023 BALANCE SHEET- 31 MARCH 2023 Notes 2023 2022 Fixed assets Tangible assets Inveslments 15 16 1,855,684 1,799,582 3,655,266 1,884,952 .881.812 3,766,764 Current ets Debtors Cash ai bank and in hand 17 18 541,504 1,189,151 1,730,655 332.792 1,342,942 1,675,734 Creditors: amounts falling due within one year Net current assets 19 (171,893) I58,762 217.562 1,458,172 Total &ssets less current liabilities Defined benefit pension scheme liability 5214,028 (4,674) 5,224,936 (7.331) 22 Net assets 5209,354 5.217.605 Charlty Funds Unres¢ricted Funds General Pension reserve 2,102,340 (4,674) 2 097 666 1,957,504 (7,331) 1,950,173 Designated Revalualion Reserve- Investmenl Properly Fair Value reserve - Listed Investment Other 399Jll 19.3,033 1,058,739 1651083 3,748,749 374,31 298,191 1,118,581 1.791.083 3.741.256 Tolal unrestricted funds 24 Restricted funds Income Capilal Total restricted funds 23 23 289,545 1171060 1,460,605 258,273 1,218.076 1,476,349 Total charity funds 5,209,354 5.217.605 The financial statements were approved and authorised for issue by the Board on Signed on behulf of the board of directors: Ruth McAdam (Chair)- Dale., I.IL. The notes on pages 27 to 54 fomi part of these accounis. 25
BLLFAST & LISBUI(]Y WOMENS AID IA COMPANY LIMITED BY GUARANTEEI YEAR ENDED 31 MARCH 2023 STATEMENT OF CASH FLOWS- 31 MARCH 2023 Notes 2023 2022 Cash flows from operating activities: Net cash provided by (used in) operating activities (171,003) 235.121 Cash flows from investing activitie5: Dividends, inierest and rents from investments Proceed.s from the sale of tangible fixed a.ssels Purchase of tangible fixed asseis Proceeds from sales of invesiments Purchase of investmenis and unrealised gains Other gainsl(losses) Pension liability puymeni & inierest Net cash provided by (used in) investing activities C*sh nows from financing activities; Net cash provided by lused in) financlng actlvltles 64,574 62,776 (50,695) 127,354 (121,349) (77,458) (2,671) 17,213 (8.772) (23.454) Net (decrease)lincrease in cash and cash equivalents in the reporting period Cash and cash equivalents ¥4t the beginning of the reporting period Cash and cash equivalents at the end of the reportlng period Analysis of cash and cash equivalents Cash ai bank and in hand Short term deposils Total cash and cash equivalents (153,790) 211,667 1,342,941 ,131,274 1,189,151 1,342,941 1,189,151 1,342,942 1,189,151 1,342.942 A. Reconciliation of net incomel(expenditure) to net cash flow from operating activities 2023 2022 Net (expenditure)/income for the reporting period (as per the statement of financial activities) Depreciation Unrealised (Gains)Ilosses on inve%lments Dividends received Rents received from investment properties Interesi receivable Inleresi payiible Lossl(profit) on the sale of fixed assets (Increase)/decrea.%e in debtors Increasel(decrease) in creditor.8 Net cash provided by (used in) operating activities 18J76) 79,963 76,225 (24,726) (282110) (11,648) 139 349,376 68,708 (92.751) (23.222) (27,240) (12.314) 200 (208,712) (45,669) (171,003) (47,658) 20,022 235,121 26
BELFAST & LISBURN WOMEN AID IA COMPANY LIMITED BY GUARANTEE YEAR EIYDED 31 MARCH 2023 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 I. ACCOUNTING POLICIES (a) General information and basfjs of preparation Belfast & Lisburn Women's Aid is constituted as a company limited by guarantee (incorporated in Northern Ireland- Nl 020807). The charitable company consiilutes a public benefit entity as defined by FRS 102. Statement of Com liance The financial slateinents have been prepared in accordance with Accounting and Reporting by Charities.. Stalement of Recommended Praclice applicable to charities preparing their accounts in accordance wilh ihe Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland issued in October 2019. Ihe Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charilies Act (Northern Ireland) 2008, Charities Act (Northern Ireland) 2013, the Companies Act 2006 and UK Generally Accepted Practice. The financial statements are prepared on a going concern basis under the hislorical cost convention, modified io include certain items at fair value, The financial slalements are prepared in slerling which is the functional currency of the charity. The significant accountin8 policies are sei out below. The direclors consider that Ihese accounting policies are suitable, have been consislen¢ly applied and 4re supported by reasonable and prudent judgement and eslimales. (b) Funds Funds held by the charily are eiiher., Unreslricled general funds - these are funds which can be used in accordance wilh Lhe charitable objects at the discretion of (he trnslees. Iksignaied funds- Ihese are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects. Resiricted funds these are funds that can only be used for particular restricted purposes within thc objecls of the charity. Restrictions arise when specified by the donor or when Ihe funds are raised for particular reslricted purposes. Further explanation of ihe nature and purpose of each fund is included in the notes to the financial stalements. (c) Income recognition All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income afiel any performance condi(ions have been met, the amounl can be measured reliably and it is probable that the income will be received. 27
BELFAST & LISBURN IVOMEN'S AID IA COMPANY LIMITED BY GUARAiYfEEI YEAR ENDED 31 MARCH 2023 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) I. ACCOUNTING POLICIES (CONTINUED) (c) Income recognition (continued) For donations lo be reco8nised the charity will have been notified of the amounts and the setilemeni dale in writing. If there are conditions attached to the donation and ihis requires a level of performance before entitlemenl can be obiained ihen income is deferred until those conditions are fully met or the fulfilment of those condilions is within the control of ihe charity and it is prob<ible ihal they will be fulfilled. Voluntary income is received by way of granls, donations and gift% and is includcd in full in the Siutefflenl of Financial Activlties (SOFA) when receivable. Income received from collections is recognised when received. Donated facilitie.8 and donated professional .services are recogni.sed in income ai their f&ir value when their economic benefit is probable. li can be measured reliably and ihe charity has control over the ilem. Fair value is detcrmined on Ihc basis of the value of the gift to Ihe charily. For example the amount the charily would be willing to pay in the open market for such facilities and services, A corresponding amount is recognised in expendilure. No amount is included in ihe financial stalements for volunieer time in line with Ihe SORP (FRS 102). The charity receive% government granls, see Nole 3 & 23 for more informalion and io Ihe amount and Source of ihese grants. Income from government and oiher granls are recognised ai fair value when the charily has enliilement afier any performance conditions have been met, it is probable thlii Ihe income will be received and the amounl cun b¢ measured reliably. If enlitlement ]% not met ihen these amounts are deferred. Grants and conlracls, including capilul grants, from ihe government and oiher agencies have been included as income from activities in furtherance of the charity's objecls where these amount to a contriici for services, bui included as donations where the money is given in response to an appcal or with greaier freedom of use, for example, government block grants, Training income is included in the year lo which il relates. Income from trading activities includes income earned from fundraising event% and trading activi(ie% io raise fund% for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entillemeni h&$ occurred. Investment income is earned through holding assets for inveslmeni purposes such shares and property. It includes dividend%, interest and rent. Investment income is recogni.%ed as the charily'.S righi to receive payment i.s established. Other income includes income from utilitie.s and gain% on disposal of fixed assets. (d) Expenditure recognition All expendilure is accounted for on an accruals basis, inclusive of VAT which cannot be recovered and has been classified under headings that aggregate all costs relaied to the calegory. Expendilure is recognised where there is a leg(Il or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of (he obligation can be measured reliably. 28
BELFAST & LISBURN WOMEN'S AID {A COMPANY LIMITED BY GUARANTEEI YEAR Ef4DED 31 MARCH 2023 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) ACCOUNTING POLICIES (CONTINiIED) (d) Expenditure recognition (continued) It As categorised under the following headings: Costs of raising funds includes ihe costs associated with allracling voluntary income. Expenditure on chariiable aclivities includes ihose costs incurred by the charity in the delivery of its activities and services for ils beneficiaries. Il includes both costs thal can be tillocilted directly to such activities and ih05e ¢0515 of an indirect nalure nece55ary to suppon Ihem; and Other expenditure represents those items noi falling inlo the categories above. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. Governance costs include (hose costs associated with meeting the constitutional and slalulory requireinents of the charily and include the audit fces, professional advice for Iruslees, cosl of trustee meetings and costs linked io the stralegic management of the charity. All costs are allocated beiween the expenditure calegorie5 of ihe SOFA on a basis designed to reflecl the use of the resource. Costs relating io a p(Inicular activiiy are allocated direcily, others are apportioned on an appropriale basis e.g. staff time and floor space as set out in Note 7. le) Support costs allocation Support cosis are those that as£ist the work of the charity but do not directly represent charitable aclivities and include office costs. governance costs and adminislralive payroll cosls. They are incurred direcily in support of expenditure on Ihe object.s OF (he charity. Where support Cosls cannot be directly attributed io particular helldings they have been allocated to cost of roising funds and expendiiure on charitable aclivilies on a basis consislent with the use of the resources for example, staff time and floor space. Premises overheads und other overhetids h(Ive been allocated on a basis consis(enl with ihe use of resources. Fund-raising costs are those incurred in seeking voluntary contribulions and do nol include the costs of disseminating information in support of the charitable activities. The analysis of these costs is included in Note 7. (Q Fixed assets Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributuble to making the as%el capable of operating as iniended, The costs of minor additions, where ihe useful life is considered 10 be less than 2 years, are noi capitalised. 29
BELFAST & LLSBURN WOMENS AID IA COMPANV LIMITED BY C.UARANTEEI YEAR ENDED 31 MARCH 2023 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) ACCOUNTING POLICIES (CONTINUED) (O Fixed assets (continued) Capilal grants received in respect of tangible fixed asset.s are amort15ed over ihe life of the assel in line with deprecialion. Depreciation is provided on all iangible fixed a%sets, at rales calculated to write off the cost. less estimaied residual value, of each asset on 41 sysiemalic basis over its expccled useful life as follows: Properly Compuier Fixlurcs and fillings Moior v¢hi¢les 2go Straight line 33.3% straight line 25% reducing balance 25% 51Taight l ine (g) Investment properties Inveslment propertie5 for which fair Viilue can be measured reliably without undue cosl or effort are measured at fair value al each reporting date with changes in fair V411ue recognised in 'net gain% l (losses) on investments, in the SOFA. (h) Investments Investments are reeognised initially al fuir value which is normally the transaction price excluding IranS4iCtion costs. Subsequently, they ure measurcd at fair value with change recognised in 'nei gain% l (lo%,ses) on investmen15' in the SOFA if the share% are publicly traded or their fair value cun otherwise be measured reliably. (i) Debtors and creditors receivable I payable within one year Debiors and creditors with no Slated interest rale and receivable or payable wiihin one year are recorded at lrnnsaclion price. Any los.ses ari%ing from imp¥iirment are recognised in expenditure. (i) Impairnjent As.%els not measured ai fair value (Ire reviewed for any indication that the asset may be impaired at each balance sheet dale. If such indication exists, the recoverable amount of the a.sset, or ihe asset's cash generating uni(, is e.stimated and compared io the caThying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss 1% recogni%ed in profit or loss unless the asset is carried at a revalued amount where the impairtnenl105s is a revalualion decrease. (k) Leases Renlals payable and receivable under operating leases are charged to the SOFA on a siraight line b¢lSiS over (he period of the le<lSe. 30
BELFAST & LISBURN WOMEN AID {A COMPANY LIMITED BY GUARANTEE) YEAR ENDED 31 MARCH 2023 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) ACCOUNTING POLICIES (CONTINUED) (l) Employee benefits When employees have rendered service to the charity, short-term employee benefils to which the employees are entitled are recognised at Ihe undiscounted amount expected to be paid in exchange for that service. Defined contribution pension scheme The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as ihey become payable. Defined benefit pension scheme Belfast & Lisburn Women's Aid participates in the Pensions Trus('s Growth Plan (the Plan). The Plan is funded and is noi contracted-out of the State scheme. The Growih Plan is a mulii-employer pension plan. Belfast & Lisburn Women's Aid are unable to identify its share of ihe underlying assets and liabilities, therefore, in accordance with FRS 102. it has been accounted for as if it is a defined conlribution schcme. Thc addilional contributions which Belfasi Women's Aid are commitled io pay at 31 March 2023 have been included in the balance sheet, see Notes 22 and 30. (l) Taxatlon No provision is required for laxation a.s Ihe company is defined as a charity for laxaiion purposes. (m) Going concern The financial statements have been prepared on a going concern basis as ihe Irustees believe Ihat no malerial uncertainiies exisl. The tru%lees have considered the level of fund% held and the expected level of income and expenditure for 12 months from authorising these fjnancial Slatemenls. The budgeted incorne and expenditure is sufficient with ihe level of reserves for the charity to be able to conlinue as a going concern. (n) Judgements and estimates The following judgements including those involving esiimales have been made in ihe process of applying the above accounting policies thai have had ihe most significanl effecl on the amounts recognised in the financial statements and that have a significant risk of causing a material adjustmenl to (he CayIng arnounts of a55et5 and liabilities within ihe nexi financial year: deprlatIOn method and as.set useful lives valuation of properties principal assumptions used to measure multi-employer defined benefit pension schemes, liabilities, sensitivities to change5 in assumpiions and fuiure funding obligalions (li) The eslimates and assumptions are reviewed on an ongoing basis considering ihe current and future market condition%. 31
BELFAST & LISBURN WOMEN'S AID IA COMPANY LIfvIITED BY CUARANTEEI YEAR ENDED 31 i¥IARCH 2023 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) INCOME FROM DONATIONS Unrestricted Restricted funds funds Total Funds 2023 Unrestricted Restricted Total Fund.s funds 2022 Donations Granls Gifi Aid Other 52,193 17,858 70,051 132,504 11.636 144.140 20,170 72,363 20,170 90,221 34.595 167,099 34,595 178.735 17,858 11,636 £20.170 (2022: £34.595) consists of gift voucher% received and items don4led. where ihe value io the charity can be quantified, for distribution lo women 5UPPOrted. INCOME FROM CHARITABLE ACTIVITIES Unrestrlcted Restricted Total Funds unre.stricted funds funds 2023 funds Restricied Total Fund.5 fund. 2022 Supporting People ontracts Floating support contract Housing management - Department of Juslice Hou.%ing mJnagement-NIHE Housing managcmeni- WoMenru.t5 Housing management - Covid Fund PBNI Belfasl Health & Social Care Trust South Ea.%lern Health and Sociul Care Trust Granls 883,524 883,524 819,912 819.912 518,468 518,468 481,140 481,140 533,994 533,994 279,435 279,435 380,863 38063 348,666 348.666 46,684 46,684 19,587 19,587 44,796 44,796 158,470 158,470 152,462 152,462 60,954 60,954 58,640 58,640 1,052,283 2,673,699 1,052,283 3,635240 3,219 36,045 3,674504 807,689 2.319.843 807.689 3.012,327 900 24,093 3,037.320 961,541 3219 36,IMS 1,000,805 2,673,699 692,484 9(K) 24,093 717,477 Training Other 2,319,843 Government grants received are ouilined in Note 23. 32
BEI.FAST & LISBURN WOL¥IEN'S AID IA COMPANY LIMITED B Y GuARAEEl YEAR ENDED 31 MARCH 2023 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) INCOME FROM INvEmENTs Tolal Funds 2023 Tolal Funds 2022 Unrestricted funds Restricted funds Unreslricled Restricled funds funds Dividends- Equities Interest - fixed inleresl securilies 24,726 9,915 24,726 9,915 23,222 11,619 23,222 11.619 Interest -deposits Renlal income Other 1,733 28,200 1,733 28,200 695 27,240 695 27,240 64,574 64,574 62,776 62,776 OTHER INCOME Total Funds 2023 Total Funds 2022 Unreslricted funds Restricted fund5 Unrestricted Resiricted funds funds Other 14,735 14,735 14,735 14,735 11,555 11,555 11,555 11.555 INVESTMENT MANACEMENT COSTS Total Funds 2023 Total Funds 2022 Unrestricted funds Restricted funds Unrestricted Restricted funds funds Inveslmenl management fees Oiher 811 6,811 7,085 7,085 8,115 14,926 8,115 14,926 5.067 12.152 5,067 33
BELFAST & LISBURN WOI¥IEN'8 AID A COMPANY LIMITED BY C.UARANTEEI YEAR ENDED 31 MARCH 2023 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) ANALYSIS OF TOTAL EXPENDITURE Charitable activities Basis of Raising Supported Outreach allocation funds Housing Support Other Total 2023 Tolal 2022 Costs directly allocated to activities Staff costs Housing running costs Replacement furniture & equip Children's expenses General Expenses Project subsistence Motor and iravel expense Consulidncy DepreLiation Direct Direct 914,695 1.359,652 261,404 24,841 2,274,347 294,361 1,783.509 224,214 8,116 Direct 38,811 3&811 9,567 Direct 2,174 7,617 9,791 9,014 Direct 349,317 118,368 22,295 489,980 401,484 Direct 1,989 5,754 7,743 2,426 Direct 20,003 33,411 53,414 32,619 Direct Direct 30074 951 31.825 45J98 7,401 32,888 45,398 Support Costs Governance Salary 2,788 1249 12,210 16247 .37,219 Siaff co%t. Salary 4,128 222584 99,675 326J87 297.647 Housing running costs Equipment Salary 43,291 19J85 62,676 79,181 Salary osts Salary co.sts Salary costs Saldry costs Sal&iry costs Salary co.%ts 1,104 494 1598 264 General Expen.8es Project sub%islence Motor and travel expen.ses 9,424 44,873 20,100 74J97 70,721 2,73S 1,229 3,964 4,581 3,137 1,405 4,542 3,007 WAFNI membership Depreciation 1,520 680 2200 2.21N) 23,880 10,691 3471 35,819 13,552 1,979,703 1,735,425 43,572 3,772252 3,033,761 34
BELFAST & LISBURN WOMEN'S AID IA COMPANY LIMITED By GUARANTEEI YEAR ENDED 31 i¥IARCH 2023 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) GOVERNANCE COSTS Unreslricted Restricted Total Funds Unrestricled Restricted Total Fund5 funds funds 2023 funds fund.5 2022 Trustee remuneration Trustee travel Trustee training and governance Governance review Consuliancy Audilor's remuneraiion Legal fees Defined Benefil Pension Inieresi Other 1,477 1,477 3.426 3.426 10,594 10,594 4,037 13,327 32 13,327 4,037 4,037 4,(K)5 16,229 200 16,229 200 139 139 12,210 4,037 16,247 33.214 4,(K)5 37,219 NET (EXPENDITURE) I INCOME FOR THE YEAR Net (expenditure) / income for ihe year is slated after charging l (crediting).. 2023 2022 Depreciaiion of tangible fixed assets (Gain) 1105s on sale of tangible fixed assets Operaling lease renials Audiiofs, remuneration (Gain} I loss on f<iir value movemeni of inveslment property (Gain) I loss on fair V¢ilue movement of investments 79.963 68,708 86,489 4,037 (25,000) 101,225 79,230 4.037 (50,(KK)) (42.751) 10. AUDITOR'S REMUNERATION The auditor's remuneration amounts io an audit fee of £4.037 (2022: £4.037) and other services of £Nil (2022.. £Nil) 35
BELFA.ST & LISBURN WOMENS AID IA COMPANY LIMITED BY GUARANTEEI YEAR ENDED 31 fv1ARCH 2023 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) 11. DIRECTORS, AND KEY MANAGEMENT PERSONNEL REMUNERATION AND EXPENSES The directors neiiher received nor waived any remuneration during the year (2022: £Nil). The iotal amount of employee benefils for key managemeni personnel is £308.203 (2022: £308.849). The key management personnel compensalion is oullined on page 4 of ihe Director's Report. Travel costs amounting to £12 (2022: £Nil) were reimbursed to l (2022.. Nil) Trustee of ihe compuny. 12. STAFF COSTS AND EMPLOYEE BENEFITS The aver<ige monthly number of employees and full time equivalent <E) during the year wus as follow.%: ThL aYL*Ll mi)nihly numbLr ol. ¢mpl(IyL'L'S and lull iimL' equiv&lLnl (FfE) during IhL ycar was us lollows: Average monthly 2023 10 Average monihly 2022 10 rE 2023 10 2022 10 70 Directors Siaff 104 79 93 103 80 The total staff cosis and employees. benefits was a.s follows,. 2023 2022 Wages and salaries Social security Defined contribution pension costs 2,263,847 2(10,914 1,816,123 152.335 74.053 2,550,540 2,042,511 2023 2022 Allocated to.. Raising funds Charitable activities: Supporting Hou%ing Outreach Support Other 4,128 4,947 1,117,282 1,429,130 1,022.435 ,012,831 2,550,540 2,042.511 36
BELFAST & Ll¢yBURN WUMEN'&i AID {A COfvIPANY LIMITED B Y GUARANTEE) YEAR ENDED 31 MARCH 2023 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) 12. STAFF COSTS AND EMPLOYEE BENEFITS (CONTINUED) The number of employees who re1Ved iotal employee benefils (excluding employer pension costs) of more than £60,000 is as follows: 2023 2022 No. £60,001- £70,000 £70.001- £80,000 £80.001- £90.000 £90,001- £ I (x),o(M) 13. INTEREST PAYABLE AND SIMILAR CHARGLS 2023 2022 Bank loans and overdrafts Financc charges payable under finance leases Interest on net defined benefit pension liability 139 139 200 200 14. TAXATION As u charity, the company benefits from various exemptions afforded by tax legislation. Ii is therefore nol liable to corporation tax on income or gains falling due within tho.se exemptions. Recovery is made of lax deducled from receipts under gift aid. 15. TANGIBLE FIXED ASSETS Land and buildings Fixtures and fitlings Computers Motor vehicles Total Cost Ai l April 2022 Addiiions Al I l March 2023 2.8.18,954 482,567 25.0(Xi 50.695 3,357,842 50,695 3 408 537 2 8.38 954 482 567 Depreciation Ai l April 2022 Charge f()r Ihe yLar Ai 3 l MJrL'h 2021 981,555 56,779 1040 114 465,527 4,260 469 787 12.500 18.924 1,472,890 1 $52 853 Net book value At 31 March 2023 Ai I l M<ifLh 21)22 1798 620 13 44,271 2023 2022 Land and buil(Jings'. Freehold Long leasehold Short leasehold 974,526 82{iVJ4 I,(N)5,124 850,075 1,798,620 1,855,399 37
BELFAST & LISBURN WOMEN'S AID IA COMPANY LIMITED BY GUARANfEL) YEAR ENDED 31 MARCH 2023 NOTES TO THE FINANCIAL STATEMENTS-31 MARCH 2023 (CONTINUED) 16. FIXED ASSET INVESTMENTS Listed Investment5 Inveslmenl Property {Long Leasehold) Total 2023 Cost or valuation At l April 2022 Addition.s Disposals Revaluation At 31 March 2023 1.456,812 121,349 (127.354) (101,225) 1,349,582 425,0(K) 1,881,812 121,349 (127.354) (76,225) 1,799582 25,0(M) 450,IM)O Investtnenls at fair value comprise: 2023 2022 Equities incl Aliernalives and mulli asset Securities - (Bonds and Gilts) 901,831 918.166 447,751 1,349,582 450,000 1,799,582 538,646 1,456,812 425,0(X) 1,881,812 Investment property liivesinieiii plper[Y An independeni professional v(Ilualion of the investment property performed on 3(Vh May 2023, Viilued the property at 31 Miirch 2023 at £450,000 (2022,, £425,OCK)). 17. DEBTORS 2023 2022 Trade Debtors Renl receivable Prepayments and accrued income 189,964 58,975 292565 541.504 91.510 36,623 204,659 332,792 18. CASH AT BANK AND IN HAND 2023 2022 Cash al bank Cash in hand 1,183,578 5.573 1,189.151 1,340,231 2.711 1.342.942 38
BELFAST & LISBURN WOMEN'S AID IA COMPAf4Y LIMITED BY GUARANTEE) YEAR ENDED 31 i¥1ARCH 21J23 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) 19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditors Other tax and social security Pension Accruals Defeed income 19,660 4824 66,202 52.017 37 81,241 18.065 217,562 86,687 17,022 171,893 20. LEASES 2023 2022 Not laler ihan one year Later than one year and not later than five years Later than five years 77,970 8,519 72,952 6,278 86,489 79.230 21. DEFERRED INCOME Under l year Over l year Total At l April 2022 Additions during the year Amounts released to income At 31 March 2023 18,065 15,066 (18,065) 15,066 18,065 15,066 (18,065) 15,066 22. DEFINED BENEFIT PENSION SCHEME LIABILITY 2023 2022 Ai l April 2022 Provided during the year Paid during ihe year Inleresl Remeasurement At 31 Mareh 2023 7J31 34,663 (2,671) 139 {125) 4,674 (8,772) 2 (18,760) 7,331 The charity operates a mulii-employer pension scheme which is closed to future accruals. There 15 currently no intention to wind up the pension scheme; however, there is a deficit on the current pension scheme which has io be met by Ihe charity, to eliminale Ihis funding shortfall addi(ional contributions are to be paid to ihe scheme. see Nole 30. 39
BELFAST & LISBURN WOMEN'S AID IA COMPANY LIMITED B Y GUARANTEE) YEAR ENDED 31 fvIARCH 2023 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) 23. RESTRJCTED FUNDS Balance l April 2022 Incomin Movement in resources Transfer Balance of 31 March Funds 2023 Oui oin TANGIBLE FIXED ASSETS General Building Fund Souih Belfast Rebuild Fund Computer Fund 2 Refuge Equipment Fund Office Equipment Fund I Office Equipment Fund 2 Play Equipmeni Fund Security Equipmeni Fund Support Car Fund Support and Resource Centre Fund 2 Support and Resource Centre Fund 3 Support and Resource Centre Fund 4 Subiolal 42,871 850,544 (3,487) (26,097) 39,384 824,447 176 751 102 12,500 302,579 3,548 s,5 1.218,076 (44) (188) (25) (6.250) (8,786) (887) (1,252) (47,016) 132 563 77 6,250 293,793 2,661 3,753 1,171,060 OTHER NET ASSETS Supporting People- Refuge Schemes and Floating Support Supporting People -Frozen Reslricled Funds Supporting People -Covid working staff payment Supporting People - PIF Assist NI Youih Fund -BHSCT Youth Fund -SBHSCT Young Women's Fund I Crisis Support Fund 3 Homeless Preven¢ion Fund I Homeless Prevention Fund 2 Child Worker Fund Child Worker Fund 2 Child Worker Fund 3 Child Worker Fund 4 66,442 1,401,992 (1,401,992) 66,442 67,038 67,038 5,748 5,748 23,575 18,754 32,341 6,251 2,450 172 17.489 690,538 158,470 60.954 (41,064) (691,881) {142.881) (66.341) (171) (12) 17,411 47,930 2,279 160 30,(KIO 34.103 (30,000) (27,489) (2.308) (13.000) 6.614 2,308 13,tK)O Domestic Violence Parlnership Coordinator Fund Subtotal carried forward 7,826 49.998 (53,817) 4,IM)7 227,157 2,462,292 {2.470.956) 218,493 40
BELFA & LISBURN WOfvIEN'S AID IA COMPANY LIMITED BY CUARAKfEEI YEAR ENDED31 MARCH 2023 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) 23. RESTRICTED FUNDS (CONTINUED) Balance l April 2022 Incomin Movemenl in resources Transfer Balance of 31 March Funds 2023 Out oin OTHER NET ASSETS (CONTINUED) Subtotal brought forward Trafficking Support Worker Fund Trafficking Support Fund Trafficking Support Fund 2 Trafficking Training Fund Refuge Support Fund Refuge Support Fund 2 Refuge Support Fund 3 Refuge Refurbishment Fund Outreach Support Fund Big Lottery Improving Futures Dornestic Violence Awarene.s.s Fund Play Equipment Fund Educator Advocale Fund The Training Fund The Training Fund-sustainabilty Hclping Hands Training Fund Covid Crisis Fund Crisis Support Fund I Crisis Support Fund 2 Services Support Fund Services Support Fund 2 The Technvlogy Fund Criminal Jusiice Worker Fund Cross Community Fund The Lisburn Fund 227,157 2,462,292 10,501 2.(K)O 4,(M)O 9,990 3.483 (2,470.956) (10,501) 218,493 2,IM)O (4,(KlO) (3,600) (3.483) (3,150) ( 1,000) 6J90 1,850 654 654 12.OtK) (12,OLX)) (1.076) 1,380 424 182 304 424 375 49,173 52.502 7,698 500 (557) (49.173) {50,173} 4.358 740 6,687 8,438 (500) 5,0(K) 7,827 10,714 21,802 (2,510) {7.827) (10,714) (325} 2,490 21,477 20,142 19,305 6,395 (24,152) (1,580) (3,008) 15,295 4,815 228 3,236 Subtolal 258,273 2.691,557 2,660,285 289 545 Total 1.476,349 2,691.557 (2,707.301) 1460,605 41
BELFAST& LISBURN WOMEN'S AID IA COMPANY LIMITED B Y GUARAIYTEF.) YEAR ENDED JI i¥IARCH 2023 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) 23. RESTRICTED FUNDS (CONTINUED) Balance April 2021 Movemeni In rLsoUCs Incoming 0ui80in8 Trallsfer or BalanLe FurK15 MaTch 2022 TANGIBLE FIXED A5SErs General Bullding Fund Souih Belfasi Rebuild Fund ComputLr Fund 2 Refuge EquipmL'ni Fund Ol'lice Equipmeni Fund I OfliLL Equipmcni Fund 2 Play Equipmenl Fund SeL'uriiy Equiprneni Fund Support Car r'und Suppori and RcsourLe CenirL' Fund 2 Support and ResourL¢ Cenlre Fund I Supporl and ResourLL' CenirL' Fund 4 Subtolal 46,1.$8 876.680 12 8.fj 11.487) 120.116) (12) (85) 19> 42,871 8.50..544 21.5 176 7.$1 102 12.$00 -302.$79 1250) 1.16 18.750 .111.486 4.7.11 6.674 1,266.117 {6.2%01 18.9071 11.18.1) 11.6691 48.081 1.218.076 OTHER NET ASSETS Supporting People RLfu8c SL'hL'mL'S Supporiing PLople -Fru/An RLslriLled Supporling PL'ople .Cuvld Supporting P¢'ople . PIF As5151 Nl Youih Fund .BHSCT Youih Fund -SEHSCT Youn8 Women's Fund I Crisis Support Fund .1 Ilomeless Preveniion Fund I HomelLSS PrevLniion Fund 2 Child Worker Fund Child Worker Fund 2 Child Worker Fund .1 DomLStIL Viol¢nc¢ Parln¥4rship Cnordinaior RLfu8e Support Fund Refuge RLlurbishmcni Fund Outreach Support Fund Big LoiiLry Improving Futures DomesiiL ViolenLe AwurL'nL.%s Fun(J Play E4uipmLnl Fund Educaior AdvoLalL Fund The Truining Fund ThL' Training Fund -susiuinuhiliiy Covid Cii%is Fun ThL Technology Fund Criminal Jusiice Worker Fund The Lisburn Fund Subtotal Toial 16.440 67.0.18 I.101.0.$2 11.2$1.0.50) (JO.442 67.0.18 70.792 10.-148 401.99.S 152.464 .18.642 110,792) 16.771) (.185,241) (11fj,691) (.59.890) 18.754 32.-141 6.2.11 7.499 9.1.489 (5,621) (9.1.117) 172 110,211) (11.99.S) {29.100) {.$4.908) 151.759) (.1.128) (6.846) (8.(KM)) (640) iO.IMX) 974 24.042 1.1.292 -3.996 11.174 46.291 -1.128 2.1013 7.826 6.$4 2.020 424 1.180 424 182 194?) (1.3.677) 121,892) 26,2.50 740 11.6171 10.O(Ml 20.21Y) 4..158 740 1.617 19.172 129.172) (67) 770 2.267.864) (2.-115.945 20.142 -3.216 258.27.1 1,476..149 .1,006 186.667 1.452.824 2.111.479 2,.331,479 7.991 7.wl 42
BELFAST & LISBURN WOMEN'S AID IA COMPANY LIlITED BY GUARANTEE) YEAR ENDED 31 MARCH 2023 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) 23. RESTRICTED FUNDS (CONTINUED) The General Building Fund represents funds provided for the purchase of Tefuges and building works Caled out by the charity. The fund is represen(ed by fixed assets and is reduced by the depreciation charged on ihe a.ssets, The South Belfast Rebuild Fund was sel up to finance Ihe rebuilding of ihe South Belfast refuge. The South and East Belfast Health and Social Services Trust, Comic Relief, EU Programme for Peace and Reconciliation via Childhood Fund, Garfield Weston Foundation. Oak Foundation, Tudor Trust, Bclfasl Regenerdlion Office, Henry Smith Charity, Ulster Garden Villages, Big Loiiery Fund and NIO- Community Safety unit via Belfasi Communiiy Safety Partnership, have contributed to this fund. The fund is represented by fixed assets and is reduced by the depreciation charged on the assets. The Office Equipment Fund 2 15 a grant received from the Big Lottery Improving Fulures programme to purchase office equipment for ihe project. The fund is represented by fixed asS¢ts und is reduced by the depreciation charged on the asset5. The Play Equipment Fund l is a granl received from Children in Need for outdoor play equipmeni for ihe Li.sburn refuge, The fund is represented by Fixed asseis and is reduced by depreciation on the assets. The Security Equipment Fund is a Lal Area Working grant received from Belfast City Council Community Safety to purchase CCTV for our Support and Resource Centre. The fund is represented by fixed asseis and is reduced by the depreciation charged on ihe assets. The Support Car Fund is funding from The National Loiiery Communiiy Fund for the specific purpose of purchasing a vehicle. The fund is represented by fixed assels and reduced by depreciation charged on ihe sset. The Support and Resource Centre Fund 2 relates to granis received from Making Belfast Work. Northern Ireland Housing Executive. Garficld Weston Foundation. the Department of Education, Oak Foundation, EHSSB, South and East Health and Social Services Trust and (he Down and Lisburn Healih and Social Services Trust to refurbish ihe new Support and Resource Centre. The fund is represented by fixed asseis and is reduced by the depreciation charged on ihe a5sels. The Support and Resource Centre Fund 3 is a grant received from Belfast City Council io fund the refurbishment of the training annex in the Support and Resource Centre. The fund 15 represented by fixed asset5 and 15 reduced by the deprecialion charged on the assets. The Support and Resource Cenlre Fund 4 is an energy grant received from the Big Lottery Fund io improve the energy efficiency of the Support and Resource Cenire, The fund is represented by fixed assets and is reduced by the depreciation charged on the asseis. Supporting People - Refuge Schemes and Floating Support Fund represenls supporting people contracts with the Northern Ireland Housing Executive to provide refuge accomrnodation and refuge support and an outreach support service for wotnen and children experiencing domestic violence. Supporting People-Frozen Restricted Fund 15 allowed to cover exlra expenditure due to the pandemic Covid 19. The fund has been transferred from Supporting People restricted fund5 With perniission from Supporting People. Supporring People-covid working staff payment is phase 2 of a fund rcceived to Ihank staff working during the Covid pandemic. 43
BELFAST & LISBURN WOMEN'S AID IA COMPANY LIMITED BY GUARANTEEI YEAR ENDED 3A MARCH 202J NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) 23. RESTRicfED FUNDS (CONTINUED) Supporting People PIF is a grant received from the Provider Innovalion Fund for the Business Transformalion Project. Assist Nl is funded by the Department of Justice and the PSNI . It has been established under a Consortium agreement between Belfast & Lisburn Women's Aid, Foyle Women's Aid and MAP (Men's Advisory Project) Youih Fund - BHSCT is a contract for services from Belfast Health and Social Care Trust lo fund dotneslic violence services for women and children. Youth Fund - SEHSCT is a contract for services from Souih Eastern Healih and Social Care Trust to: fund crisis intervention and suppon .services to children and young people living in the community who experience domestic violence in the Trust's area and io support posts (o provide Children & Young People groups. The Young Women's Projeci Fund I represents gran(.$ received from the South Belfast Policing and Community Safely Partner4hip (PCSP) and ihe Belfast Health and Social Care Trust lowards salary and running cos1.8 of the Youn8 Women's Projeci. The Crisis Support Fund 3 relates to a number of grants from Belfast City Council to support women and hildren Ihroughout ihe COVID pandemic. The Child Worker Fund is a grunt from the Department of Education Paihway8 Fund via Early YeaTS for Iwo child workers wi(hin iwo of our refuges. The Child Worker Fund 2 is a grant received from Children in Need lo fund a Children's Resilience worker, The Child Worker Fund 3 1.4 a grant received from Children in Need to fund a Next Steps project. The Child Worker Fund 4 is a grant received from Comic Relief via WAFNI to fund children's services. The Domestic Violence Partnership Coordinator Fund is funding from the Belfast Health and Social Care Trust to Fund the Domeslic Violence Partnership Coordinator. This yedr funding has also been received from Belfast PCSP to fund awareness training. The Trafficking Support worker is a grdnt received from Belfast PCSP to fund staffing of the trafficking projecl. The Trafficking Support fund is income received from WAFNI to support the women in the trafficking projeci. The Trafficking Support fund 2 is a grant received from The Community Foundalion to fund Equine therapy within the trafficking project. The Trafficking Training fund is a grant received for The Lottery Communiiy Fund for training within the trafficking project. The Refuge Support Fund is a grant received from ihe Council for the Homeless Northern Ireland. provided for by the Department of Social Developmenl, to support women and children residing in refuge over Christmas. The money received was spent by the women on Christmas relaied activities.
BELFAST & Ll&>BURN WOMEN'S AID IA COMPANY LIMITED B Y GUARAKfEE YEAR ENDED 31 MARCH 2023 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) 23. RESTRICTED FUNDS (CONTINUED) The Refuge Support Fund 2 is a grant received from Belfast Harbour Commission to fund welcome packs for children. The Refuge Support Fund 3 is a grani received from LCCC PCSP for women's support, The Refuge Refurbishmeni Fund is a grant received from CITIBANK io fund part of the refurbishment at the South Belfast Refuge. The Outreach Support Fund is a grani received from Celtic Football Club to support women and children supported in the community. The Big Lotlery Fund Improving Fulures fund relates lo funding for progrdmmes to support women and children. The Domestic Violence Awareness Fund is a grant received from the South Eastern Health & Social Care Trust to fund Sexual & Domestic Violence awareness raising. The Play Equipment Fund is a grant received from Tesco Groundwork lo provide youih materials and equipment. The Educalor Advocate Fund is a grant received from The Departmenl of Healih via WAFNI io fund the IRIS (Identification and Refe1 to Improve Safety) projecl. The Training Fund is a fund received from The National Lottery Community Fund to fund a Iruining project worker. The Training Fund - sustdinabiliiy is a fund showing the income earned by the Iraining projecl worker to ensure ihe project continues afier the grani period ends. The Helping Hands training fund is a grant received from WAFNI to fund venue cosls of iraining. The Crisis Support Fund l is a granl received from The Eaton Trust to support women in need. The cri.sis Support Fund 2 is a grani from Belfast City Council to fund vouchers for essenlial.s for women in need. The Services Support Fund is a grani received from Allslate via WAFNI io fund refurbishment and services. The Services Support Fund 2 is a granl received from Community Foundation Ireland & Bank of Ireland ¢0 fund counselling services for women. The Criminal Ju.8tice worker fund is a number of grants received from Probation, Vital Voices and Nottingham University to fund a criminal justice worker. The Cross-community Fund is a granl received from Communiiy Foundation Ireland io fund a cross border awarene55 project. The Lisburn Fund is a number of donalions specifically for the Lisburn area. 45
BELFAST & LISBURN WOMEN'S AID IA COMPANY LIMITED BY GUARANTEE) YEAR ENDED 31 MARCH 2112) NOTES TO THE FINANCIAL STATEMENTS~ 31 MARCH 2023 (CONTINUED) 24. UNRESTRicfED FUNDS Balance l Movement in Tesources for April year 2022 Incoming Transfer Balance between 31 March Funds Outgoing 2023 General reserve Pension reserve 1,957,504 (7,331) 1,950,173 1,152.477 (1,004.970) 125 (139) 1,152,602 (1,005.109) (2,671) 2,102,340 2.671 (4,674) 2,097,666 Designated Fundg Fixed asset fund Fair Value Reserve- Inveslmeni Property Fair Value Reserve - Lisied Investments Portfolio Service Provision Fund Pension reserve Project Development Fund Staff Contract Obligations Fund Senior Outredch Worker Fund Gateway Project Fund Youih Services Fund Older Women's Project Fund Crisis Fund 717,566 374,311 17,748 25,000 735,314 399,311 298,191 (105,158) 193,033 3,828 98,134 162,040 57,913 {1,942) (42,784) 1,886 55,350 162,040 57,913 60,358 12,251 (42,990) 29,619 18,742 1.791.083 (2,125) 54,999 (194,999) 16,617 1,651,083 Total 3,741,256 1,207,601 (1,2(K),108) 3,748,749
BELFAST & LISBURN WOMEN'S AID IA COMPANY LIMITED B Y GUARANTEEI YEAR ENDED 31 MARCH 2023 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) 24. UNRESTRICTED FUNDS (CONTINUED) BalanLe ut l Movemeni in resourL'es I'or April year 2021 Incoming Transler beiween Funds BalanLe al 31 MarLh 2022 Ouigoing General reserve 1,677,852 958.907 (662,492) (16.763) 1.957,504 Pension reserve 34,663 18,760 2Tr) 8,772 7,331 1,643,189 977 667 662,692 7,991 1,950,173 Designated Funds Fixed asset fund Fair Value Reserve- Investment Property Fair Value Reserve Listed Invesimenis Portfolio Service Provision Fund Pension reserve Project Development Fund Siaff Conlracl Obligations Fund Senior Oulreach Worker Fund Galeway Project Fund Youth Services Crisis Fund 738.193 (20,627) 717,566 324,311 50,000 374,311 255,440 4,888 1.30,107 162,040 57,913 i 0,000 60.358 42,751 298,191 3,828 98,134 162,040 57,913 (1,060) (31,973) ( I O,CK)O) (60,358) 60,358 10,000 60,358 18.742 10,206 1,464 1.753.456 92,751 (55,124 1,791,083 Total 3,396,645 1,070.418 (717,816) (7,991) 3.741.256 se of Desi nated funds Fixed Asset Fund - Thi5 fund has been set UP (o assist in identifying those funds that are not free funds and il represents ihe net book value of tangible fixed assets which h<ive been (unded by unreslriclcd income. Fair Value Reserves- Investment Property and Listed Investments Portfoli Represents revalualion gains on invested resources held by the organisation, These inves¢ed resources cannoi be quickly realised and iherefore are non-distributable amounts unless sold. Service Provision Fund l - This fund represents a contribution from the Belfast Health and Social Care Trust towards the provision of refuge and outreach support services experiencing financial pressure. Pension Reserve - This fund represents the poteniial pension liability on wiihdrawal from (he Scheme (Note 30) 47
BELFAST & LISBURN WOMEN'S AID IA COMPANY LIMITED BY GUARAKfEEI YEAR ENDED 31 MARCH 2023 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) 24. UNRESTRicfED FUNDS (CONTINUED) Pur ose of Desi nated funds conlinu£d Project Development fund - these funds have en designated for anticipdted future refurbishment and development costs. Staff Contract Obligations Fund has been designated to cover employment contractual obligations in the event of any redundancy situation thal may arise due lo a significant reduction in funding. Youth Serviees Fund has been de.signated io cover unfunded youih services. Crisis Fund h(Is been ring-fenced to assist the women and children we support by providing a small amounl of money to alleviale unforeseen hardship, bridge deslitU(ion or allow immediale access lo support SO il.% to 'relieve poverty and mental and physical dislress among women. 25. ANALYSIS OF NET ASSETS BETWEEN FUNDS Fixed assets Other Net assets Balance 31 March 2023 Funds Unrestricted funds: General Reserve Pension Reserve Designated Fund5 Revalualion reserve - investmenl property Fair value reserve - listed invcslments Other 1,156,548 945.792 (4,674) 2,102,340 (4,674) 399.311 193,033 735.314 399,311 193,033 1,05&739 323,425 2,484.206 1.264,543 3,748.749 Restricted funds: Income Capital 289,545 28945 I,l71,060 ,171.060 1.171,060 289,545 1,460,605 Total 3,655,266 1,554,088 5,209,354 48
BELFAST & LISBURN WOMEN'S AID IA COMPANY LIMITED B Y GUARANTEEI YEAR ENDED31 MARCH 2023 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) 25. ANALYSIS OF NET ASSETS BETWEEN FUNDS (CONTINUED) Oiher Net assets Balance 31 March 2022 Fixed assets Funds Unrestricted funds,. General Reserve Pension Reserve Designaied Funds Revaluation reserve - inveslmen( property Fair value reserve - listed inveslmenis Other 1.158.620 798.884 (7,331) 1.957.504 (7,331) 374.311 298.191 717.566 374,311 298,191 ,118,581 401,015 2,548,688 1 192 568 3 741,256 Reslricled funds: Income Capital 258,273 258,273 1.218.076 1476,349 1,218.076 1,218,076 258 273 Tolal 3,766,764 1,450,841 5,217,605 26. COMPANY STATUS Belfast & Lisburn Women's Aid is a company limited by guarantee and the liabiliiy of ihe members is limiled. Every member promises. if the charitaEile company is dis%olved while she remains a member or within one year after she ceases to be a member, Io pay UP io £1 towards: payment of ihose debis and liabilities of thc charitablc company incurred before she ceased to be a member; payment of those costs, charges and expenses of winding up; and the adjusiment of righ(s of conlributors among ihemselve5. 27. SECURITY The charitable company has two charges Outstanding as follows: Legal Charge dated 25, January 20(K) by the charilable company in favour of ihe Nalional Loitery Charities Board for the sutn of £2(K),000 received in the forni of a grant towards particular expenditure incurred; and th Deed of Covenant and Charge daied 4 March 2008 and made between the charilable company and The Department of Education for¢1 sum notexceeding £85,000 toward5 Particularexpenditure incurred. This expendiiure is included within reslricled funds. 49
BELFAST & LISBURN WOMEN'S AID IA COMPANY LIMITED BY GUARANTEE) YEAR ENDED 31 fvIARCH 2023 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) 28. CONTINGENT LIABILITIES The charitable company has a contingent liability lo repay granl.s received if the company fails to comply with certain conditions stipulaied in the letter of offer and ierms and conditions of contract under which the grants were paid. The directors do not expect any claims to be made in this respeci. 29. FINANCIAL INSTRUMENTS The carrying amounts of the charity's financial inslrumenls are a% follows: 2023 2022 Fiiiaiicial assels Measured ai fair value through nel income l expenditure: Fixed asset lisied inveslments (note 16) 1,349J82 1.456,812 2023 2022 Nei guiiis aiid (losses) (inc'liidiitg cliaiiges iii fuir valiie) Financial assets measured ai fair value through net income l expenditure (101,225) 42,751 30. PENSION SCHEMES The company operates a flexible retirement plan, an ethical fund and a growth plan all of which are managed by The Pensions Tru.st, The pension cosl charge (see Note 12) represents contributions payable by the company to the plan4 and amounied to £85,779 {2022; £74,053). At 31 March 2023, there was un ou(5tunding contribulion of £Nil payable (2022: £Nil) to ihe fund. The Pensions Trust- The Growth Plan Belfas1 & Lisburn Women's Aid participates in The Pensions Trust's - The Growih Plan scheme. The Plan is a multi-employer defined benefit pension scheme, which provides benefits to some 950 non- associated pariicipaiing employers, where the as.%eis are co-mingled for investment purposes, and benefil.% are paid out of the Plan total assets. It is noi pos8ible for the organisation to obtain sufficienl informaiion. on a reasonable and con%i%lent basis the share of underlying lsset5 and liabililies belonging to individual participaling employers, lo enable it to accouni for the .%chem¢ as a defined benefit scheme. Therefore. it accounls for the .4cheme as a defined contribution .scheme. The Plan 1% funded and is not contracted-oui of the State scheme. Contributions paid inlo the Plan up to und including September 2001 were converted to defined amounts of pension payable from Normal Relirement Date. From October 2001 contributions were invesied in personal funds which have a capital guarantee and which are converted io pension on retirement, either within the Plan or by the purchase of an annuity. The rules of ihe Plan allow for the declaration of bonuses and l or investment credits if this is within the financial capacity of ihe Plan a%sessed on a prudeni basis. Bonuse. investmeni credits are not guaranteed and are declared at the discreiion of the Plan's Trustee. 50
BELFAST & LISBURN WOMEN'S AID IA COMPANY LIMITED B Y GUARANfEE YEAR ENDED JI ]¥IARCH 2023 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) 30. PENSION SCHEMES (CONTINUED) The scheme is subjecl to the funding legislation outlined in ihe pension legislation. This gives (he Trustee the power to require employers to pay addilional contribulions in order lo ensure that the slalulory funding objective (that a pension scheme should have sufficient assets lo meet its past service liabililies, known as Technical Provisions) is met. This, together with documents issued by the Pensions Regulator and Techniciil Acluarial Siandards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in ihe UK, The scheme is classified as a'last-man standing arrangement,. Therefore, the company is potenlially liable for other participating employers, obligations if those employers are unable to meet their share of ihe scheme deficii following wiihdrawal from the scheme. Parlicipating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme. The Trustee commissions an actuarial valuation of the Plan every three year.s. The purpose of the actuarial valualion is to delerfnine the funding position of the Plan by comparing ihe asseis with the pasl service liabililies as at the valuation dale. Assei values are calculaled by reference lo marke( levels. Accrued pasi service liabililies are valued by discounting expected future benefit payments u%ing a disLounl riile calculated by reference to the expeLled fulure inveslmenl returns. The lalest full acluarial valuation for the scheme was carried out at 30 September 2020. The valuation showed asset.s of £81JO.3m, liabilities of £831.9m and a deficit of £31.6m. To eliminate this funding shortfall. the Trustee a.sked the participating employers to pay revised additional conlribulions lo the scheme. The prior full actuarial valuation for the scheme was carried oul at 30 September 2017. This valuation showed assets of £794.9m, liabilities of £926,4m and a deficil of £131.5m. To eliminaie ihis funding shortfall, the Truslee asked the participating employers to pay addilional conlribulions to ihe scheme, The recovery plan contributions are allocated to each participating employer in line wilh iheir esiimaled share of the Series l and Series 2 scheme liabiliiies. The scheme is in deficit and the churildble compdny has dgreed to a deficit funding arrangement and therefore the charitable company recognises a liabiliiy for ihis obligalion. The amounl recognised is Ihe net present value of ihe deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed bn these disclosures. The unwinding of the discounl rate is reco8nised as a finance cost. Present values ofprovision 31 March 2023 31 March 2022 31 March 2021 Present value of provision 4,674 7,331 34,663 51
BELFAST & LISBURN WOMEN'S AID IA COMPANY LIMITED BY GUARANTEEI YEAR ENDED 31 MARCH 21123 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) 30. PENSION SCHEMES (COIVTINUED) Reconciliation of opening and closing provisions Year Ending 31 March 2023 Year Ending 31 March 2022 Provision at start of period Unwinding of the discount factor (interest expense) Deficit conlribulion paid Remeasurements - impacl of any change in assumptions Remeasurements - &mendments lo ihe contribulion schedule 7,331 139 (2,671) (125) 34.663 200 (8,772) (169) (18,591) Provision ai end of period 4,674 7,331 Income and expenditure impact Year ended 31 March 2023 Year ended 31 March 2022 Interest expense Remeasuremenls - impact of any change in assumptions Remea%urements- amendments to the conlribulion schedule 139 200 (125) (169) (18,591) Contribuiion.% paid in respect of future service Costs paid in respect of employer service cost 85,779 74,053 Costs recogni%ed in Sialement of Financial Activities 85,793 55,493 Assumptions 31 March 2023 31 March 2022 % per annum % per annum 31 March 2021 % per annum Rate of discount 5S2 2.35 0,66 The di5rount rates shown above are the equivalent single di.scount rates which, when used to dIOunt Ihe future recovery plan contributions due, would give the same results a.s using a full AA corporale bond yield curve to discount the same Tecovery plan conlributions. 52
BELFAST & LISBURN WOMEN'S AID IA COMPANY LIMrrED BY GUARANTEEI YEAR ENDED 31 MARCH 2023 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) 30. PENSION SCHEMES (CONTINUED) The following schedule details the deficit contributions agreed between the charitable company and the scheme at each year end period: DJicit ¢onlributions schedule Year ending 31 March 2023 31 March 2022 31 March 2021 Year I 2,671 2,226 2,671 2,671 2.226 8,772 9,035 9.306 7,988 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 The charilable company musl recognise a liability measured as the present value of the contributions payable that arise froin the deficit recovery agrccment and the re.4ulting expense in the income and expendiiure account i.e. the unwinding of the discount rat¢ as a finance cosi in the period in which il arises. It is ihese Contributions Ihai have been used to derive the company's balance sheet liability. During ihe accounting period employees could choose to pay contributions al the rate of 4% with Belfast & Lisburn Women's Aid conlribuling ai the rale of 8% or, enrol in Ihe auto enrolmenl option with employees contributing 5% and Belfast & Lisburn Women's Aid contributing 3%. As at ihe balance sheet dale therc wcre 90 active member.s of the Plan employed by Belfasi & Lisburn Women's Aid (2022.. 85), Belfast & Lisburn Women's Aid continues lo offer membership of the Growth Plan 4 10 its employees. The Growih Plan Series 3 is now closed to new entrants. When an employer withdraws from a mulii-employer defined benefit pension scheme which is in deficil, the employer is required by law to pay its share of the deficit, calculated on a statutory basis known as the buy-out basis. Belfast & Lisburn Women's Aid has been noiified by The Pensions Trusl of the eslimated employer debi on wiihdrawal from the Plan calculated to be £60,024 (2022: £105,465). Although this is unlikely to (xcur. the Directors consider it appropriate to disclose (his as a contingenl liabilily. The contributions required from Belfast & Lisburn Women's Aid for the year from l April 2021 will be £2.671 per annum (2022.. £2.671 per annutT]) based on the me amount as calculated following ihe 2011 Acluarial Valuation allowing for ihe 30 per annum inflation, which will conlinue - the actual amount however could differ from Ihe 2011 figure plus inflation, as ihe revised figure takes account of Ihe aclual membership ch¥inges since that lime. Included wiihin designated funds is a balance of £55.350 (2022,. £98,314) which represenls an amount towards the estimated liability of £60,024 (2022: £105,465). 53
BELFAST & LISBURN WOMEN'S AID {A COMPANY LIMITED BY GUARANTEEI YEAR ENDED31 MARCH 21123 NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 (CONTINUED) 31. RELATED PARTY TRANSACTIONS Directors and key management personnel remuneralion and expen%es are disclosed in note I l io the notes lo the financial slalements. There were no other related party transactions during the year (2022: £Nil). 34
BELTr'AST & LISBURN WOMEN'S AID IA C()MPANY LIMITED BY CUARANTEEI YFAR ENDED 31 MARCH 2023 SCHEDULES TO INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 IIYCOME (SCHEDULE I) 2023 2022 Resiricted Supporting People: Refuge Scheme 78 Refuge Scheme 82 Refuge Scheme 84 Floaling Support Oiher Restricted grants received Dcpartmeni Of Justice Housing management-NIHE Housing managemenl-covid support fund Housing management-women's rent Trust Income receivable: Belfast Health and Social Care Trust South Eastern Health & Social Care Trusl Training and development Fundraising and donations Income from ulilitie. Other income Investment income 31,555 284,223 298,746 518,468 1,052,283 533,994 380,863 278,914 263,758 277,240 481,140 807.689 279,435 348,666 44,796 19,587 46,684 158.470 60,954 3,219 90,221 14,735 36,045 36J74 152,462 58,640 900 178,735 11,555 24,093 35,536 Sale of minibuses Rental Income Total income 28200 3,844,034 27,240 3,290,386 EXPENDITURE (SCHEDULE 2) 2023 2022 I Staff Costs Wages and salaries Social security cosls Pension contributions Childcare vouchers Siaff recruitment Tempor(Iry St(Iff Staff iravelling expenses Staff and volunleer training Volunteer travel and subsistence 2,263,847 200,914 85,779 10,669 11,187 ,816,123 152.335 74,053 10,923 6.929 41,989 24,510 2,704 2,641,599 27,461 20.619 2,425 2,110,868 55
BELFAST & LISBURN WOMEN'S AID IA COMPANY LINI IITLD BY GUARAKfEEI YEAR ENDED 31 MARCH 2023 SCHEDULES TO INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 EXPENDITURE (SCHEDULE 2) CONT'D 2023 2022 2 Property Rent and rdtes Heal & light Repairs Gardening l12,12S 87,944 60,351 S66 260,986 99,993 58,410 63.467 888 222,758 3 Household Costs Insurance Projeci subsistence Emergency paymenls Household expenses Telephone Replacemeni furniture & equipmeni General support uipmenl rentals Training women Beneficiary travel 11,946 11,707 828 46,769 33,061 40.409 390,218 4,276 3,830 8,281 551J25 9,861 7,007 1,234 38,287 28.188 9,831 246.586 4.299 170 4,430 349,893 4 Development and Promotion Printing, publications and subscription Conferences for networking Fundraising Advertising publicity & awarene55 ruising 5,479 5,364 27,780 33,259 49,967 55,331 5 Central Costs Postage, slationery & photocopying Audit and accounllincy Computer expenses Legul fees Consultancy fees Governance Bank intere.%t and charges Bad debts Defined Benefit Pension Interest 948 4,037 115,962 7,959 4,037 154.730 16,229 20,728 3.426 4.586 536 200 212.431 42,420 ,477 I204 2,062 139 188,149 6 Transport Costs Mini-bus expenses 4,981 4.981 1,308 1.308 56
BELFAST & LISBURN WOI¥IEN'S AID IA COMPANY LIMITED B Y GUARANTEEI YEAR ENDED 31 MARCH 2023 SCHEDULES TO INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 EXPENDITURE (SCHEDULE 2) CONT*D 2023 2022 7 Childcare Costs Play tn411erials & equipment I children's subsistence Educational visiis and children's travel 7,746 2,045 9,791 8.602 1,662 10.264 8 Central Management Costs Northern Ireland Women'.5 Aid Federalion 2,21KI 2,2 2,21J) 2,2(XJ 9 Depreciation Computers Moior vehicles Fixtures & fillings Property 18,924 4,259 56,779 79,962 6,250 5,679 56,779 68,708 Total Expenditure 3,772,252 3,033,761 57