Company registration number: N1031238 Charity registration number- NICI 06118 North Down & Ards Women's Aid {A ¢ompany limited by guarantee) Annual Report and Financial Siatemenls for the Year Ended 31 March 2024 M.B. McGrady & Co Chartered Accountants & Registered Auditors Suite 2B Codogan House 322 Lisburn Road Belfast BT9 6GH
North Down & Ards Women's Aid Contents Reference and Administrative Details Strategi¢ Report Trustees, Report 3tolO Sialement of Trustees, Responsibilities Independent Auditors, Report 12to16 Statement of Financial Aclivilies 17to 18 Balance Sheet 19 Statement of Cash Flows 20 Notes to the Financial Statements 21to33
North Down & Ards Women's Aid Strategic Report for the Year Ended 31 March 2024 The Trustee5 have adopted ihe provisions of Accounting and Reporting by Charities.. Statemenl of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Slaiidard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015}. Overview North Down and Ards Women's Aid (NDAWA) was established in 1982 and is tlie lead ageiicy in the local area 5UPPOrting women, children and young people affected by domestic aiid sexual abuse. We have a stroiig etlios of for women, with wom¢ii, by Ivomen wliich is fundamental to our servic¢ developnieiil and delivery. The aims of NDAW A al'e to.. Provide temporary refuge to women and their Children suffering emotional, mental, physical or sexiial abuse within their home. Encourage women to tak¢ control of their own future. Reeoghise ahd ¢are for the emotional needs of children and young people involved; Offer emotional and practical supporl to any women who requests, either in Ihe community or refuge. and Educate and inform the public, the media, the courts, social services, aild other agencies. The siipport provided by NDAWA is person-cenlred and focused on the needs of the women, children and yoiing people. The staff team have the specialised skills, empathy and respect for confidentiality required to 5UPPOrt domestic abuse survivors and their families. both in refuge and through community support services. The team provide crisis inletvention, safety planning, referrals to local resources and individual support sessions ro¢using on practical and emotional support. Some examples of the support provided include. assistance with obtaining restraining orders, navigating the legal system, securing housing benefit, addressing trauma, rebuilding self-esteem, and helping women develop coping mechanisms. Whilst NDAWA does not directly offer financial aid. the support provided is a great resource for those affected by domestic and sexual abuse. In the last year we have had access lo a limited resource of emergency gas. oil and electric top-up cards to provide short-lerm fiiiancial support to help women aiid their families. We also work closely with the resources in our community such as foodbanks for food parcels or providii)g women with vouchers for their local supermarket. This i'eport highlights the in¢r¢as¢ in demand over the last year for the in¢r¢dibl¢ work the team at NDAWA delivei. in these challenging times. I am proud to be part of NDA WA and sUPPOrt the vilal work of the Staff t¢am, Board and volunteers. I want to thank everyone for their time and commitment to NDA WA, you are making a difference to the lives of so many women and their familie5. The importai)t work we do at NDAWA would not be possible without the support of our funders and the geneious donations we receive. I would like to take this opportunity lo express my sincere thanks on behalf of NDA WA. We are extremely gralefvl for all ihe sUPPOrt, wiihout which it would not be possible to carry oiit this vital service. The strategic repoit was approved by the trustees of the charity on 16 December 2024 and signed on its behalf by.. er Gill Ti'ustee Page 2
North Down & Ards Women's Aid Reference and Administrative Details Trust¢e$ Jennifer Gill Jenna Lowry Claire Louise Best Natalie Kathryn Swift Victoria Crooks Arleen Elliott (appointed 25 September 2023) Elizabeth Fusco (appointed 13 June 2024) Jennifer Susan Ferglison (Resigned 4 March 2024) Emma Louise Kelly (Resigned 23 June 2023) Lindsay Anne Adams (Resigiied 5 June 2023) Kathryn Strawbridge (Resigned 12 May 2023) Leona Solah-caimduff (Resigned 12 May 2023) Lisa Armstrong (Resigned 12 May 2023) Deborah Mccreadie {appointed 4 March 2024) Chief Executive Officer Mrs Emalyn Turkington Prlncipal Office 18 Bingham Street Bangor BT20 5DW Registered Office 18 Bingham Street Baiigor BT20 5DW The charity is incorporated in Northern Ireland. N1031238 Comp#ny R¢gi$tration Number Charity Registration Number NIC1061E8 Bankers Bank of Ireland 82A Main Street Bangor BT20 4AG Auditor M.B. McGrady & Co Chartered Accountants & Registered Auditors Suite 2B Cadogan House 322 Lfftsburn Road Belfast BT9 6GH Page I
North Doivn & Ards Women's Aid Trustees, Report The trustees, who are directors for the purposes of company law, pi'esent the annual report together with the financial statements of the charilable company for ihe year ended 31 March 2024. Significant Activitie5 Current Context North Down & Ards Women's Aid (NDAWA) is a vital service provider in the Ards and North DON area, offering refuge, community support, and information to women, children and young people experiencing domestic and sexual abuse. We continue to see a rise in the number of women and childrenlyoung people seeking 5UPPOrt. highlighting the ongoing need for our services. We are actively working to raise awareness of domestic abuse and the support available to victims and survivors. Securing sustainable funding remains a challeiige, however, this does not stop us being fully cominitted to supporting the women, children and young people using our services. In 2023124 we re¢eiv¢d 554 referrals into our Floating Support team, this is a 70/0 increase in refei'rals from the year before. Most of referrals received were from the PSNt (36.50/0) and self-refeiyal (39.9Q/o). Other referral agencies incliide, ASSIST Nl, Social S¢rvi¢¢s. NIHE. NDAWA One Stop Shop. 48 women and 8 childrenlyoung people resided in our Refuge accommodation. All women residing in Refuge were supporled during iheir stays with accompaniment, advo¢a¢y, court support. individually tailored support plans, safety plans, and resettlement support. W¢ are finding women and their families are staying longer in refuge accommodalion due to a shortage of social housing aiid difficulties enteriiig the private rental market in Noilhern Ireland. This will have an impact on women in the refuge as they feel they unable to move on with their lives due to the lack of pennanent housing options. This also has an impact on refiige resources, staff and limits the availability of beds for other women in crisis fleeing their homes due to domestiG abuse. We are continuously looking for new funding slreams and 2023124 was positive for NDAWA in receiving different fundiiig pots. One ndIng application we were successful in was with CFNI: Oak Foundation. This was l year fundiiig to develop our Safe Relationship Awareness Project wl)ich has been a great success. This project involved tlie development of ali educational programme on healihy l unliealthy relationships to be delivered in schools, youth groups, ¢ommunity and voluntary organisations. Part of this project was lo engage NDAWA service users in the development of the programme, boih women and young people. It is essential to hear the voices of the women, ¢hildren and young people who use our service An the development of curreiit and future services. In 2023124 we were unsuccessful in receiving fundit)g from the PCSP for our One Stop Shop. However, we were able to secure £5000 from the CFNI.. Social Justice Fund. The One Stop Sliop is a vital se1¢e in the community to provide women with ii)fomiation aiid resources from maiiy different agencies. NDAWA works closely in partnership with PSNI, Crime Prevention Officer, NIHE, Community Advice teams and Solicitors from law firnis across the Ards and North Down area. NDAW A held 21 One Stop Shop sessions in 2023124. every 2nd & 4th Tuesday of the month and overall, 94 women attended those sessions. North Down & Ards Women's Aid continues to work extensively iii partnership with other agencies to provide a holistic aiid effective support system for women, children and youiig people experiencing domesti¢ and sexual abuse. This year, 01)e of the iiew positive partnerships NDAWA was involved with was Housing Rights. Housing Rtghts iiivolved NDA WA service users in developing an immersive ti?ining course on coercive control and homelessness for housing advisors. This involved NDA WA and Housing Rights facilitating focus groups and developing a VR film on co¢1Ve control and in-person training for housing advisors. This has been a brillianl achievement with the aiin of NDAWA aiid Housing Rights working on future projects. Page 3
North Down & Ards Women's Aid Trustees, Report Going into 2024125 NDA WA look forward to expanding outreach services to reach more women, children and young people affected by domestic and sexlial abuse. We will continue to advocate for policy and legal Changes to better support victims and suivivors of domestic abuse and sexual abuse. We will strengthen partnerships and collaborale with oiher organisalions lo provide a holislic range of support services. None of tl)is would be possible without the dedication of the Board, ali amazing staff team and volunteers wlio are all passionate about working with women, cl)ildrei) aiid youiig people affected by domestic and sexual abuse. I want lo take this opportunity to thank everyone involved for their passion, commitment, enthusiasm, empathy and hard work! Emalyn Turkington CEO Pag¢ 4
North Down & Ards Women's Aid Trustees, Report In 2023124. North Down and Ards Women's Aid conlinued to develop iheir services further for women, children and yoiing people by identifying gaps and strengthening practices. Ovei- the year, many opportunities to engage in interagency work and strengthen our processes have taken place with agen¢i¢s su¢h as St Vincent De Paul, Youlh Justice, Homeless Conn¢¢t, Volunteei. Nl, Relate, Army Welfare, Informing Choices, Deaf NI, Karnia Nirvana, The Law Society Nt, Black Souihall Sisters, and The South Eastern Domestic and Sexual Violeiice Partnership. We continue lo work hard to raise awareness of ihe services we provide by delivering training to local statutory. voluntary & community organisations, Ihis has assisted in the increase we have seen in referrals lo NDAW A services. W¢ ¢ontinue to strive to provide early intervention and prevention to ensure risk from escalating and safety for women and children in the North Down and Ards area. To meet this demai)d, we expaiided our staffing team and appointed staff to new projects and roles. We now have a Young Women's Worker who works specifically with women aged 18 to 30, an Older Women's Worker who works specifically with women over tlie age of 65, and a Rural Women's Worker wl)o works willi wonien who reside rurally down the Peninsula. The employmenl of a Group Facilitator enabled the Journey lo Freedom Group lo be fa¢ilitaled twire a week, with one morning and one evening session held weekly, providing flexibility for the women with ¢hildcare support. Personal Development Programmes, including Journey to Freedom assist women moving on from ihe Floatiiig Support Service into peer group support. This area of suppoii helps break social isolation and empower women to build resilience and recovery from the impact of doniestic Abuse. Over the past year, women and children within our service have liad the opportunity to have their lived experiences and voices heard by participating in focus groups with Researchers, Politiclans, and WAFNI. This has ensured that women's and childi'en's voices have been central to any lobbying for change in legislalion, Calls for Action, the implementation of the Violence Against Women and Girls Strategy in Northern Ireland, and the essential support needed whilst having to navigate th¢ Criminal Justi¢¢ System. Local politfficians Connie Egan and Stephen Farry paid a visit to the Rege in October 2023 to address ihe shortage of funding and the need for more tailored accommodation for families experiencing domestic abuse. A referral pathway was created between NDAWA and Radius Connect 24. Thi5 servi¢¢ lias been a lifeline to women, asslsting in enabling families to remain in their own homes safely. A panic aleit system may be activated, and help sought if the woinan is in danger, emergency services will be dispatched to the home, and a Radius practitioner will contact or alert services aiid family members to assist her. The line rental for this service was negotiated so that women could continue to use it after the initial contract and installation fees were paid by NDAWA, a short-term funding source, whi¢h secured this service for around 10 families in the year 2023124. We coiitinue to work closely with Radius and value their partnership. In February 2024, NDAW A Refuge participated in a Éhree-year validation visit coiiducted by Supporting People Ireland. The auditing of the servlce look place over three days, during which the service and the support offered to women and rhildi'en were assessed, staff and women were interviewed to ensure that effeclive and safe practices were being followed and that women were receiving excellent care. We are pleased to report thai ihe Quality Management Tool (QMT) visit was a great success, and a pass was issued. We intend to continue to build on the service's strengths while listening to the lived experiences of women and children to ensure tliat tlie support we give in the tUre is lailored and relevant to tl)eir healiiig journey. Safety is crucial and our primary focus. Tlie year 2023124 lias been an exciting mometit for NDAWA, which would not have been possible without the dediGation of our outstanding staff ieam and Iheir daily hard work! Lisa Begley Services Manager Page 5
North Down & Ards Women's Aid Trustees, Report North Down and Ards Women's Aid (NDAWA) Children's Services Team work in partnership wlth all safeguarding agencies to support all children who have experienced domestic abuse within Ihe family home. Our highly skilled Children's Services Team provide support for children aged 0-17 years old within the refuge and community setting. Our Children's Services programnies are tailored to provide family support, group work sessions, and tailored l- I supporl for children and young people affe¢t¢d by domestic abuse, en¢ouragii)g emotional wellbeing and supportii)g them to develop coping strategies for cl)allenging life experiences. Our bespoke preventive educational programmes are designed to meet the educational and emotional needs of each child and young person. The core aims of our programmes are to promote self-est¢em, confidence, and to equip children and young people with the skills to ideiitify personal safety networks for safeguarding. Refuge accommodatioii for families has remaiiied an essential support network for womeii and Ghildren. In 2023-2024, 7 families. 13 children resided in refuge and engaged in 351 support sessions with the Children's Seivices Team. The refuge playroom was also redesigned to provide a bespoke sensory based play environment for all children. In 2023-2024 we recorded a high increase in refen'als for young families requiring support through our crerhe servi¢¢s. Our Children's Services Team deslgned a 10-week sensory programme for children aged 0-4yrs old. This programme offers peer support for families and encourages young children to explore their feelings and behaviours through sensory play aclivities. This programme is also delivered to all children who attend our reche services. Through this programme, the Children's Services Team supported 50 families, 71 children and delivered 73 sensory play s¢5sion throughout the year. The Children's Services Team have continued to deliver Family Art Workshop programmes which are designed as a first step approach into our service. A total of 31 families, 55 childi'en attended 153 interactive art activities throughout Éhe yeai.. The Helping Haiids PVenI1Ve Education Programme supports children to idenlify early ii)terventive strategies in relation to children who do not feel safe. specifically children affected by domestic abuse. A total of 30 families, 50 children att¢nded the programme and completed 140 family support sessions. Transfonners Groups are a creative 10-week programnies for young people aged 8-12 years old, addressing the impact of domesti¢ abuse and coercive control within the family home. These programmes build resilience, help young people Create a safety plan and safeguard from further abuse. A iotal of 18 children have completed the groups throughout the year and 8 children attended Boom Sttidies for a 4-w¢¢k art programme. This Year we have redesigned our Healthy and Unhealthy Relationships programme for young people. This is 10-week programme for young peopl¢ aged 13-17yrs aiid addresses subjects on domestic abuse, coerctve control, technology abuse, and safety planning. A total of 21 teenagers completed the programme and have assisted with the redesigning of the support sessions. NDAW A Children's Services Team and 3 young people worked in partnerships with WAFNI and young people from WAFNI to help establish and laiinch an exciting youth led project, funded by Children in Need throu the Youth Social Action Fund. The SAY (Social Action Youth) project involved the coordination of a series of regional Women's Aid youth led workshops for young people aged 11-18 project to help drive forward change. The SAY project attended the "Having Your Say" event at Stomioiit in November were young people shared their experiences and domesti¢ abuse Ihrough audio recordings and art piece5. The young people met with Michelle O'Neil al Siomiont aiid attended a private meetiiig with Cl)ris Heaton-Harris about goveinment support for children and young people experiencing doin¢stic abuse. The SAY project has been an excitii)g new initialive for our young people providing them with the opportltnilies to work in partnership with Tinderbox Theatre Company and network with young people from Women's Aid groups across Northern Ireland. Nicola Flavelle, Children Services Manager Page 6
North Down & Ards Women's Aid Trustees, Report Financial review The key parts of the accounts for North Down and Ard5 Women's Aid for the year April 2023 to March 2024 are attached to this report. NDA WA'S principal fuiiding is from grant making bodies and contract income from South Eastern Health and Social Care Trust and the NI Housing Executive which exists as restricted and unrestricted funds. As we continue to see an increase in the demand for our services. we recognis¢ the need to secur¢ additional core funding. As at Mar¢h 2024, the total funds were £589,536. a decrease of £72,236 compared to the previou5 yeai- which be attributed to a rediiction in our restricted fiinds of £56,336 and iinrestricted fiinds of £15,900. Overall, at the year ¢nd¢d March 24, the restricted ndS were £175,052, Unrestricted funds were £260,235 and designated funds were £71,341. Income for the year was £596,154 which is an increase of £39,134. Whilst ihis is the result of various changes in funding, il can largely be attributed to ndIng received from Nationwide this year of £50,000 for a Rural Support Worker, £25,000 from the Community Foundation Nt to enable progression of the Safe Relationship awareness piDject and continuation of the One Stop Shop and £26,500 from All State Foundation and the See Hear Act. There was also £61,627 of restricted funding reclaimed by Supporting People which relates to underspends from previous years and És not available for the general purposes of the charity at the end of the reporting period. This has been treated as a reduction in iiicome during the year. Expeiidlre for the year was £668,388, which is a significant increase on the previous year's expenditure, which was £543,325. Whilst we have seen general runi)ing ¢osts in¢rease a¢ross the organisation by £30,052, in¢r¢as¢s in Employnieiit costs were £54.701 and essential health and safety i'epairs were completed in the reportiiig period in the amount of £38.932. Vithoria Crooks Treasurer Policy on reserves In accordance with our policy on reserves we aim to maintain a level of free reserves equivalent to six monihs annual expenditure to ensure there is no disruption to our services at short notice, due to a lack of funds, an unforeseen redu¢tioi) in incoine or an In¢aSe in expenditure. As of 31 March 2024, unrestricted and desigiiated reserves were £331,576. The finances of North Down and Ards Women's Aid are good. During the year, it was necessary to draw on our reserves to provide esseiitial health and safety maintenance and the reserves are currently sitting just under the 6 months. Steps are being taken to brlng the reserves back to maintenance level and lo identify new sources of nding to help address the continuing demand for services and increasing costs. Page 7
North Down & Ards Women's Aid Trustees, Report Prinelpal risks and iineerluinlies There is no inbuilt automatic increase to our recurring funding from NIHE & SEHSCT. To manage risk we regularly review Costs, ideillify most cost effective means lo manage running costs and ihrough our processes liave been able lo ensur¢ organisational wide conlra¢ts which represent savings. In order to ensure that we do not have a single source of funding which will iiicrease the risk of oui. ability to sustain our organisations work we seek and have secured other soiii'ces of fiinding to allow the iiitrodiirtion of necessary sei'vices and related costs. Principulfundiiig sources Aside from donations from privat¢ individuals and local businesses, the principle funding sources for th¢ charity are from grant making bodies and Coiilract income from SEHSCT and NIHE Supporting People. The charity re¢ognizes Ihe increased necessity to work in partnership and collaboration with other agencies to se¢ui'e future funding. All funds received are detailed within this report. Golng concern The directors believe that ihe chai'ity will ¢ontinue as a going concern. Fund¢rs have shown Ihemselves to be supportive, flexible and adaptive to the ¢urr¢nt situation which is an invaluable help to the Women's Aid commiinity- The organisation continues to work in partnership wlth government bodies and agencies to develop a loiiger temi strategy to support victims of domestic violence. Structurei govern¥nce and management Nulure ofgoverlling documeiit North Down & Ards Women's Aid is a Company limited by guarantee and controlled by its Memorandum and Articles. It is registered as a ¢harity with Ihe Charities Conimission for Nt and with HMRC. The Board of Directors of North Down and Ards Women's Aid (NDAWA) meets on a monihly basis. It is responsible for the slralegic directioii of the organisation and oversees the management of the organisation. The day-to-day management and operation of activities are carried out by a team of staff, led by the C.E.O aiid tli¢ Senior Managemeiit Team, wlio also report to the Board of Dii'ectors. Dii'¢¢tors are appointed according to tl)e specific skills required by the organisation to fulfil its responsibilities as outlined in its Sii'ategic Plan and are ratified on a yearly basis at the AGM. Re¢rHllment aiid appoiiitnieiit oflru&lees It is an underpinning requirement that members of th¢ Board of Directors have commitment to and an understanding of the ethos, aims and values of NDAWA. Specific skills may be required and with this in mind, iiew Directors a attracted by word of mouth. The new Director is then invited to attend the regular meetings and would become a fijll company Director after beiiig elected at the next AGM. liiduclioll andiruiniiig of Iruslees There is an inductioi) pack which includes roles and responsibilities for new Directors. A training and induction programine is also put in place. Page 8
North Down & Ards Women's Aid Trustees, Report Mujor risks and niaiiagement of ihose risks There is no inbuilt automatic increase lo our recurring thnding from NIHE & SEHSCT. To manage risk we regularly review costs, ideiitify most cost effective means to mai)age running costs and through our processes l)ave been able lo ensure organisatioi)al wide contracts which represent savings. In order to ensure that we do not have a single source of funding which will increase the risk of our ability to sustain our organisations work we seek and have secured other sources of fiinding lo allow ihe inti'odiiction of nece$58ry services and related osts. Affiliation NDAWA are affiliated with Womeii's Aid Federation Nl and the Women's Aid Forum meet on a monthly basis to discuss issues affecting all Women's Aid groups. It is also an opportunity to share best practice and local infonnation. Decision making process The governing body of NDAWA is the Board of Directors who are responsible for the stralegic direction of the organisation and oversee the management of the oi'ganisation. The day-to-day management and the operation of the activities is carried out by a staff team, led by the CEO who reports regularly to the Board. If there are any issues outside tlie day-to-day running of the organisation, then an extra-ordinary meeting is arranged. Objectives of the Charity The aims of NDAWA have been encapsulaled in the following mission statement.. "Our visioti for the future is to see a time when the voices of women, children and young people living with domestic violence are heard, understood, where infonnation and support is locally available. Where the community in which we live is a safe and healthy place and where doineslic violence no longer exists. Financiftl instrum¢nts Objeclives aiidpolicies The ¢harity's activities expose it to a number of financial risks including credil risk, cash flow risk and liquidity risk. The iise of financial derivatives is governed by the charity's policies approved by the Board of Directors, whi¢h provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes. Credil risk Th¢ rharity's principal fiiiancial assets are bank balances and cash, trade and other receivables, and investments. The charity's credil risk is primarily attributable to ils trade receivables. The amounts presented in the balaiice sheet ar¢ net of allowances for doubtful receivables. Ali allowance for impairment is made where there is an 'denlified loss event which, based on previous experieiice. is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid fund5 and derivative financial instruments is limited because the ¢ounterparties are banks with high ci'edit-ratings assigned by international credit-rating agen¢ies. The charity has no significant concentration of Credit risk, wilh ¢xp05ure spread over a large number of counterparties and customers. Liquidily rlsk Iii order to maintain liquidity lo ensure that sufficient funds are available for ongoing operations and futtire developments, the charity uses a mixture of long-term and short-tenn debt finan¢e. Fuither delails regai'diiig liquidity risk Can be found in the Statement of Accounting Policies in the financial statemeiils. Page 9
North Down & Ards Women's Aid Trustees, Report The annual report was approved by the trustees of the charity on 16 Decemb¢r 2024 and signed on its behalf by.. Jenn r Gill Trustee Page 10
North Down & Ards Women's Aid Statement of Trustees, Responsibilities The Iruslees (who are also the directors of North Down & Ai'ds Women's Aid for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordan¢e with the United Kiiigdom Accounting Siandards (United Kingdom Generally Arcepted Accounting Practice) and applicable law and regulations. Company law requires the trustees to prepare fii)ancial statements for ¢ach financial year. Under ¢ompany law Ihe trustees must iiot approve the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the charitable company and of its incoming resoui'ces and application of resources, including its income and expenditure, for that period. In preparing these financial stateineiiÉs, the trustees are required to: select suitable accounting policies and apply them consistently. observe the meihods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures dis¢losed and explained in ihe financial statements; and prepare the financial statements on th¢ going concern basis unless it is inappropriate to presume that the haritable Company will continue in business. The Irustee5 are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and dis¢los¢ with reasonable accuracy at any time tlie financial position of the charitable company and enable theni to ensure that the financial stalements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable 5t¢P5 for the prevention and deleclion of fraud and other irregularities. Approved by the trustees of the charity on 16 December 2024 and signed on its behalf by: er Gill Trustee Pagell
North Down & Ards Women's Aid Independent Auditor's Report to the Members of North Down & Ards Women's Aid Opinion We have audited the financial statements of North Down & Ards Women's Aid (the 'charity') for the year ended 31 March 2024, which comprise the Slalement of Financial Aclivilies, Balance Sheet, Statement of Cash Flows. and Notes to the Financial Siatein¢nts, including a siimmary of significant accounting policies. The financial reporting framework that has been applied iii their preparation is applicable law and United Kingdom Accountiiig Standards (United Kingdom Geiierally Accepted Accounting Practice). In oui. opinion the financial statements.. give a true and fair view of the state of the charity's affairs as at 31 March 2024. and of ils total incoming resources and expenditure of resources, for the year then ended. have been properly prepared in accordaii¢e with United Kingdom Generally Accepted Accounting Practice. and hmve been prepared in accordance with the requirements of the Companies A¢t 2006 Basis for opinion We conducted our audit in accordaiice with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibiltlies under ihose standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable Company iii accordance with the ethical requireiy]ents Iliat are relevant to our audit of the financial statements in the UK, including Ilie FRC'S Ethical Siai)dard, and we have fitlfilled our other etl)ical responsibilities in accordance iviih thes¢ requirements. We believe that the audit evidence we have obtafftned is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financtal slatements, we have concluded that the Trustees. use of the going concern basis or accounting in the preparation of the financial statements is appropriate. Based on Ihe work we have performed. we have not identified any material uncertainties relating lo ev¢nts oi. conditions that, individually or ¢olleclively, niay cast significant doubt on the company's ability lo conlinue as a going concern for a period of al least twelve months from wheii the financial statements are auihorised for issue. Our responsibilities and ihe responsibilitie5 of the Trustees with respect to going concern are described in the relevant sections of this report. Page 12
North Down & Ards Women's Aid Independent Auditorls Report to the Members of North Down & Ards Women's Aid Other Information The trustees are respoi)sible for the other information. The other informalion comprises lh¢ infonnation included in the Annual Reporl, other than the fiiiancial statemenls and our Report of the Indepeiident Auditors thereon. Our opinion on the fii)ancial statements does nol cover the other information and, except to the extent oihenvise explicitly stated in our report, we do i)ot express any fonn of assurance conclusion Ihereon. In conneclion with our audit of the financial statements, our responsibility is to read the other inforniation and, in doing so, consider whethei. the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially niisslated. If we identify such material inconsistencies or apparent material misstatem¢nts, we are required to delemiine whether this gives rise to a material misstatement in the financial statements theniselves. If, based on the work we l)ave perfonned, we onclude tliat there is a material misstatement of this other infom)ation, we are required to report that fact. We have nothing to report in this regard. We have been appointed as auditor uiider section 65(2) of the Charities Ath (Northern Ireland) 2008 and report accordance with regulations made under section 66 of that Act. Our responsibility is to audit and express an opiiiion on the fiiiancial statements in a¢¢ordance with applicable law and Intemational Standards on Auditing (UK and Ireland). Those standard5 require us to comply with the Auditing Practices Board's Ethical Standards for Auditors. Opinion on other matters prescribtd by the Companies Act 2006 In our opiiiion, based on the work undertaken in the Course of the audit: the infomation given in the Report of the Trustees for the financial year for which the fii)ancial slalements are prepared is consistent with the financial statements. and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exc¢ption In Ilie light of the knowledge and understandiiig of the company and its environment obtained in tlie course of the audit. we have not id¢nlified material misststements in the directors, report included within the Irustees, report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to reporl to you if. in oui. opinion- adequate a¢¢ounting records have not been kepl or r¢turns adequate for our audit have not been received from branches not vislled by u5. or the financial statements are not in agreemenl with the a¢¢ounting records and returns. or certain disclosures of irustees, remuneration specified by law are not made. or we have not received all the information and explanations we require for our audit. or the trustees We not entitled to take advantage of ihe small companies exemption from the requirement to prepare a Strategic Report or in pi'eparing th¢ Report of the Trustees. Page 13
North Down & Ards Women's Aid Independent Auditor's Report to the Members of North Down & Ards Women's Aid Responsibilities of trustee5 As explaiiied more fully in the Siatement of Trustees, Responsibilities [set oul on page I 1], the trustees (who are also directors of the charitable company for the purposes of compaiiy law) are responsible for the preparalion of the finaii¢ial statements and foi. beiiig satisfied that they give a true and fair view. And for such internal control as Ilie trustees determine is necessary to enable the preparation of finai)¢ial statemeiils that are free from material misslat¢menl, whether du¢ to fraud or error. In preparing Il)e financial statements, the trustees are responsible for assessing the charitable Company's ability to ¢ontii)ue as a going concern, disclosing, as applicable, matters relaled to going concein ai)d using the going concern basis of accounting unless the trustees either intend to liquidate the Charitable company or lo cease operations, or have no realisti¢ alternative but to do so. Our responsibilities for the audit of the fJnanciAI statements Our objectives are to obtain reasonable assurance about whether the fiiiancial statements as a whole are free from material misstatement, whethei. due to fraud or error, and to issue a Report of the Independent Aiiditors thal includes our opinion. Reasonable assurance is a high level of assurance, biit is not a guaranlee that an audil conducted in accordance with ISAS {UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken oil the basis of tliese financial statements. Page 14
North Down & Ards Women's Aid Independent Auditor's Report to the Members of North Down & Ards Women's Aid The extent to which our Audit wos capable of detecting irregularities, including frnud Irregularities, including fraud, are instances of non-compliance with laws and regulalions. We design procedures in line with oui. responsibilities. outlined above, to detect material misstatements in r¢sp¢¢l of irregularities. ii)¢luding fraud. In assessing and detecting irregularities such as fraud and non-compliance with laws and regulation5 we considered the following.. the matters discussed among the audit engagement team and any other relevanl professionals regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. the nature of the industry and any laws and regulations applirable to the company and the industry; the company's own assessment of the risk of fraud and other irregularities. the company's policies and procedures in relation to- how they identify and comply with all relevant laws and gulatiONS and whether they are aware of any non-¢oinpliance; how th¢y delect and respoiid to risks of fraud and their knowledge of any actual, 5uspe¢ted or alleged fraud. and the control environment within the company and how this mitigates risks of fraud and instances of non-compliance with laws and regulations. As a result of these proCedUs, we Considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest poteiitial for fraud iii relation to misappropriation of assets. In common with all audits under ISAS (UK). we are also required lo perforni specific procedures to respond to the risk of management OveIde. In response to the risk of material misstatement throiigh irregularities and non-compliance with laws and regulations. we designed procedures which included, but were not limited to: ensuring the engagement team had the appropriate knowledge and expertise in order lo be able to identify and recognise any iiislances of fraud or non-compliance with laws and gUlations. we identified Ilie laws and regulations applicable to the company through discussions with directors and manageineiit and from our knowledge and experience of tlie sector; and ensuring the audit was rarri¢d out with a level of professional scepticism. In response to the risk of irregularities and non-compliance with laws and regulations, we designed pro¢edures which included, but were not limited to: enquiring of management ¢oncerns of actual and potential litigation and claims- agreeing the financial statement disclosiires to Linderlying supporting dociimentation to assess compliance with relevant laws and regulations; and reviewing correspondence with the Charity Commission for Northern Ireland and any other relevant regulalory bodies Page 15
North Down & Ards Women's Aid Independent Auditor's Report to the Members of North Down & Ards Women's Aid To address the risk of fraud through management bias and override of controls, we.. perform analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. test the appropriateness of journal entries and other adjustments. assess wheilier the judgements made in making accounting estimates are indicative of a potential bias. and evaluate tlie business rationale of any significant transactions that are unusual or outside the nomial course of business. We also communicated relevant identified laws and regulations and potential fraud risks lo all engagement team members and significant component audit teams, and mained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit. There are inherent limitmtions in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards algo limit tlie audit procedures required to identify non-compliance with laws and regulations to enquiry of the dire¢lors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to det¢¢t than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at.. www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. Use of our report This repoil is made solely lo the charitable ¢ompany's members, as a body, in accordance wilh Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to ihe charitable company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extenl pern)itted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members a5 a body, for our audit work, for this report. or for the opinions we have fomied. Conaill McGr For and on b (Sen fof Statutory Auditor) .B. McGrady & Co, Statutory Auditor Suite 2B Cadogan House 322 Lisburn Road Belfast BT9 6GH Dale.. Page 16
North Doivn & Ards Women's Aid Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restrieted funds TotAI 2024 Total 2023 Note Income and Endowments from.. Donations and legacies Charitabl¢ activities Investment income 32,547 7,106 1,941 1,830 552,730 34,377 559,836 1,941 24,931 531,812 277 Total Income 41,594 554,560 596,154 557,020 Exp¢nditure on: Raising fuiids Charitable activities (2,194) {65,842) (13) 600,339) (2,207) (666,181) (4,799) (538,526) Total Expenditure 68,036) 600,352) {668,388) 543,325) Net (expendire)/1neome Transfers between fiinds (26,442) 10,543 (45,792) (10,543) (72,234) 13,695 Nel movement in fuiids (15,899) (56,335) (72,234) 13.695 Reconciliation of funds Total funds brought forward 347,476 231,387 578,863 565,169 Total funds carried forward 17 331,577 175,052 Unrestri¢ted funds 506,629 Restricted funds 578,864 Total 2023 Note Income and Endowments from: Donations and legacies Charitable a¢tivities Investment income 24,931 7.636 277 24,931 531,812 277 524,176 Tolal Income 32,844 524,176 557,020 Expenditure on: Raising fvnds Charitable activities (4.751) {41,007) (48) (497,519) (4.799) 538,526) Total Expenditure Nel (exp¢nditure)liiicome Transfers between ndS (45,758) (497.567) {543,325} (12,914) 18,664 26,609 (18,664) 13,695 Net movement in fijnds 5,750 7,945 13,695 Reconcilintion of funds Total funds brought forward Total funds carried forward 341,726 223,443 565,169 17 347,476 231,388 578,864 Page 17
North Doivn & Ards Women's Aid Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 & 2023 is shown in not¢ 17. Page 18
North Down & Ards Women's Aid (Registration number: N1031238) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets 12 158,185 169.293 Current Assets Debtors Cash at bank and in hand 13 42,300 443,529 17,886 556,990 485,829 574,876 Creditors: Amounts falling due within one yeAr 14 (54,478 (82,397) Net current assets 431,351 492,479 Net #ssets 589,536 661,772 Fund5 of the charity: Restricted funds 175,052 231,388 Unrestricted income funds Unrestricted funds Revaluation reserve 331,576 82.908 347.476 82,908 16 Total unreslricted funds 414,484 430,)84 Total funds 17 589,536 661,772 The financial statements on pages 17 to 33 were approved by the trustees, and authorised for issue on 16 December 2024 and signed on their behalf by: ifer Gill Trustee Page 19
North Down & Ards Women's Aid Statement of Cash Flows for the Year Ended 31 March 2024 2024 2023 Note Cash flows from operating Aetivities Net cash (expenditure)lincome (72,234) 13,695 Adjustments to eash flows from non-cash items Depreciation Investment income 11,109 {1,941) 9.384 {277) 22,802 (63.066) Working capital adjustments (Increaseydecrease in debtors (Decrease)lincreas¢ in creditors 13 14 (24,417) (27,919) 11,091 65,133 Net ¢asli flows from operating a¢tivities Cash flows from inve$ting activities Iiiterest receivable and simtlar income Purchase of tangible fixed assets (115,402) 99,026 1,941 277 7,760) 12 Net cash flows from investing activities Net (decreas¢)lincrease in ¢ash and casli equivalents Cash and cash equivalents at l April Cash and cash equivalents at 31 March 1,941 (7,483) (113.461) 91,543 556,990 465,447 443,529 556,990 All of the cash flows are derived from continuing operations during the above two periods. Page 20
North Down & Ards Women's Aid Notes to the Financial Statements for the Year Ended 31 March 2024 I Charity status The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amolint iiol exceeding £Nil towards the assels of the charity in the event of liquidation. The Charity is incorporated in Northern Ireland. 2 Accounting policies Summ4ry of significant #ccounting polieies and key accounting estimates The principal accounting policies applied in the preparation of these financial statemeiits are set out below. These policies have b¢¢n consistently applied to all the years presented, unless otherwise stated. Statement of compliance The financial stateiiienls have been prepared in accordance wilh Accounting aiid Reporting by Charilies: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Repoiting Standard applicable in th¢ UK and Republic of Ireland (FRS 102) (effective l Janiiary 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. BASIS of preparation North Down & Ards Women's Aid meets the definition of a public benefit entity under FRS 102. Assets and liabilities are inilially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The financial statements have been prepared on a going concern basi5. The trustees believe that the charity will continue as a going concern. Fuiiders have shown theinselves to be supportive, flexible and adaptive to the current sithation which is an iiivaluable help to the Womeii's Aid community. The organisation continues to work An partnership wilh government bodie5 and agencies in terms of developing longer term slrategy to support victims of domestic violence. Income And endowments All in¢ome is recognised once the charity has enlitlement to the income, it is probabl¢ that the income will be received and the amount of the incom¢ receivable cali be nieasured reliably. Doiiulions and legaeles Donations are recognised wlien Ilie charity has been notified in writing of both the amouiit and settlement date. In the eveiit that a donalion is subject to conditions that require a level of perfomianGe by the cliarity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully mel, or the fulfilmenl of those ¢ondilions is wholly within ihe control of the charity and it is probable that these conditions will be lfilled in the reporting period. Page 21
North Down & Ards Women's Aid Notes to the Financial Statements for the Year Ended 31 March 2024 Granls receivable Grants are recognised when the charity has an eiititlemenl lo the funds and any conditions linked to the grants have been mel. Where performance conditions are attached lo the grant and are yet lo be mel, the income is recognised as a liability and included on the balance sheet as deferred in¢ome to be released. Defei'red iiiconie Deferred income represents amouiit5 received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred wli¢n: The donor specifies that the grant or donation must only be used in filture accounting periods; or The donor has imposed conditions which must be met before the charity has unconditional entitlement. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and tl)e amount can be measured reliably. All costs are allocated lo th¢ applicable expenditui'e headiiig that aggregate similar costs to that category. Where Costs cannot be directly attributed lo particular headings they have been allocated on a basis consistent with the use of resources, with e¢ntral staff osts allo¢ated on the basis of time spent, and depreciation charges allo¢at¢d on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Raisingfuiids These are rosls incurred in attracting voluntary income, the management of investments and those inciirred in trading activities that raise funds. Chari(able aeilvilies Charitable expenditure comprises th05e costs in¢Eirred by the ¢harity in the delivery of it5 activities and services for ils beneficiaries. It includes botl) ¢osts that Gan be allocated directly to such acttviti¢s and thos¢ costs of an indirect nature necessary to support them. Supporl Costs Support costs include central functions aiid have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Goveriiaiice cosls These include the costs attributable to the charity's compliance with constitutioiial and statutory requirements, including audit, strategic maiiagement and Irustees's meetings and reimbursed expenses. Taxation The charity is constdered lo pass the tests set oiit in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets ihe definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in i'esp¢ct of income or capital gains received wiihin categories overed by Chapter 3 Part I l of the Corporation Tax Act 201 O or Sectioii 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gmins are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £0.01 or more are initially recorded at cost, less any subsequent accumulated depi'eriation and subsequent a¢ciimulated impairment losses. Page 22
North Down & Ards Women's Aid Notes to the Financial Statements for the Year Ended 31 March 2024 Depreciation and amortisation Depr¢¢iation is provided on tangibl¢ fixed assets so a5 Éo write off th¢ cost or valuation, less any estimated residual valiie, over their expected useful economic life as follows: Asset elAss Buildings Fixtures & Fitting5 Computer Equipment Ol¢e Equipment Depreciation method and rate 20/0 Straight Line 25 % Straight Line 250/0 Sii'aight Line 250/0 Straight Line Trade deblors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debiors are recognised initially at the transaction price. They are subsequently Measur at amortised cost using the effective interest metliod, less provision for impairnient. A provision for the impaimient of trade debtors is established when there is objective evidence that the charity will not be able lo collect all amounts due according to the original tenns of the receivables. Cash And cash equivilents Cash and cash equivalents comprise cash oil hand and ¢all deposits, and other short-term highly liquid investments that are readily ¢oiivertible to a known amount of cash and are subject to an insignificant risk of cllange in value. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve inonihs after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Borrowlngs Interest-beariiig borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised ¢osÉ, with the difference between the proceeds, net of transa¢lioii costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Acliviti¢s over tlie period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in inlerest payable and similar ¢harg¢s. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve Inonths after tl)e reporting date. Page 23
North Down & Ards Women's Aid Notes to the Financial Statements for the Year Ended 31 March 2024 Fund structure Unrestricted income funds are general thnds that are available for 115¢ at the trustees, dis¢retion in fijrtherance of the objectives of the chai'ity. Designated funds are unrestiicted funds set aside for specific purposes at Il)e discretioii of Ihe Iru5tees. Restricted income fiinds are those donated for use in a particular area or for specifir purposes, the use of which is restricted to that area oi. purpose. Pensions and other p05t retirement obligations SCHEME.. TPT Relir¢m¢i)t Solulions - The Gromrth Plan Tlie company participates in a defined benefit pension plan that is accounted for as a defiiied coiilribution plan. At the date of last valuation, the plan had a deficit of £31.6m. Participating employers are asked to fund th¢ deficit by paying additional contributions line with their estimated share of ihe scheme liabtlities. The scheme is classified as a 'last-man standing aiTangement'. Therefore the company is potenlially liable for other participating employers, obligations if those employers are unable to iyjeet their share of the scheme deficil following withdrawal from the scheme. Particlpating employers are legally required lo meet their shal'e of the scheme deficit on an annuity purchase basi5 on withdrawal from the scheme. Where the schenie is in deficit and where tl)e company has agreed to a deficit ndIng arrangenient the company reeognises a liability for this obligatioii. The amount recognised is th¢ net pi'esent value of the deficit reduction Contributions payable under the agreement tl)at relates to the deficit. Financial instruments Classijlcalio Financial assets and financial liabilities are recogiiised when the cl)arity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instniments are classified according to the substsn¢e of the contractual arrangemeiits entered into. An equity instrument is any conlract that eviden¢es a residual interest in the assets of the Charity after deducting all of its liabilities. Recognitioii measupenienl All financial assets and liabilities are initially measured at transaction prtce {in¢luding transaction costs), except for Ihose financial assels classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the Iransaclion price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement conslitules a financing transaction, the finaiicial asset or financial liability is measured at the present value of the future payments discouiited at a market rate of ititerest for a 5iniilar debt inslrunient. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amoiints and the Charity intends either to settle on a net basis. or to realise the asset and settle the liability simuliaiieously. Finaiicial assets are derecognised when and only when a) the contractual rights to the cash tloiys from the financial asset expire or are settled, b} the cliarity ti'ansfers to another party substantially all of the risks and rewards of owiiership of the financial asset, or ¢) the cliarity, despite l)aving retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to ai)other paty. Financial liabilities are derecognised only when the obligation specified in the contract is dis¢harged, cancelled or expires. Page 24
North Down & Ards Women's Aid Notes to the Financial Statements for the Year Ended 31 March 2024 Fair valiie measuremenl The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailabl¢, the price of a recent Iransaclion for an idenli¢al asset provides evidence of fair value as long as there has not been a significant change in e¢onomic circumstances or a significant lapse of lime since the transaction took place. If the market is not active and recent traiisactions of an identical asset on tl)eir own are not a good estimat¢ of fair value, the fail. value is estimated by using a valuation technique. 3 Income from donations and legacies Unrestricted funds Restricted funds Total 2024 TotAI 2023 General Donations and legacies. Donations from individuals 32,547 34,377 24,931 32,547 1,830 34,377 24.931 4 Income from charitable Activities Unreslricted fund5 Restricted funds Total 2024 Tolal 2023 General Charitable Activities 7.106 552,730 559,836 531,812 5 Investment income Unrestricted funds Total 2024 Total 2023 General Interest receivable and similar income. Int¢st receivable on bank deposits 1,941 1,941 277 Page 25
North Down & Ards Women's Aid Notes to the Financial Statements for the Year Ended 31 March 2024 6 Expenditure on charitable Activities Unrestricted funds Restrieted funds Total 2024 Total 2023 GenerAI Note Charitable Activities D¢preciation, amortisatioi) and other similar costs Staff costs Governance cost5 48,379 162,641 211,020 145,146 11,109 6,054 300 11,109 433,983 10,069 666,181 9,384 370,688 13,308 427,929 9,769 65,842 600,339 Aetivity undertalcen directly 538,526 Total 2024 Total 2023 Employmeht Costs Employment Agency Costs Establishment Costs Insurance Repairs & Maintenance Office Expenses Prfftnting, Postage & Stationery Play Equipment & Materials Project Costs Health & Safety Cleaning Sundry & Other Costs Bad Debts Ti'avel & Subsistence Advertising & R¢¢ruilmenl Depreciation 416.353 18,107 66.597 4,561 46,209 28,004 2,134 1,751 13,746 3,395 3,198 11,216 259 11,502 14,491 11,109 416,353 18,107 66,597 4,561 46,209 28.004 2,134 1,751 13,746 3,395 3,198 11,216 259 11,502 14,491 11,109 370,687 6,630 56,561 4,129 10,770 21,418 2,313 6,638 6,044 3,499 10,478 1,308 4,847 15,311 9,384 652,632 652,632 530,017 £62,048 (2023 - £45,758) of the above expenditure was attributable to unrestricted funds and £590,584 (2023 - £484,260) to reslricled fiinds. In addition to the expenditure analysed above. there are also governan¢¢ costs of £15.757 (2023 - £13,308) which relate directly to charitable activities. See note 7 for further details. Page 26
North Down & Ards Women's Aid Notes to the Financial Statements for the Year Ended 31 March 2024 7 An*ly$is of governanee And support costs Support costs allocated to chAritable aetivities Governance eosts TotAI 2024 Total 2023 Affiliation Fees Accountancy Fees Audit Fees Legal & Professional Fees 2,200 4.056 3,800 5,701 2,200 4,056 3,800 5,701 2,200 4,056 3,300 3.752 15.757 15,757 13,308 8 Net ineomingloutgoing resources Net (outgoing)/incoming resources for ihe year include: 2024 2023 Depreciation of fixed assets 11,109 9,384 9 Trustees remunerAtion and expense5 No trustees, nor aiiy persons connected with them. have r¢¢¢ived any remuneration from the charity duriiig the year. 10 StAff costs The aggregate payroll costs were as follows: 2024 2023 Staff costs during the year were: Wages and salaries Social security costs Pensioii cosls Other staff costs 362,212 26,714 27,591 17,466 308,127 27,177 26.512 8,872 433,983 370,688 The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows.. 2024 2023 Average iiuniber of employees 17 14 Page 27
North Down & Ards Women's Aid Notes to the Financial Statements for the Year Ended 31 March 2024 Coi)tribulions to the employee pension schemes for the year totalled £24,047 (2023 - £22,486). No employee received benefits {excludiiig employer pension costs) of more thai) £60.000 during Ihe year. During the year Ihe charity made the following transactions wilh key management personnel., CEO The CEO received reinuneration of £57,629 (2023.. £29.956) Finance Manager The Finance Manager received remuneration of £8.200 (2023: £48,627) Service MAnager The Service Manager received remuneration of £41,745 {2023.. £41,672) Childrens Services ManRger The Childrens Services Manager re¢eived remuneration of £38,714 (2023.. £38,109) The Finance manager left in Marcli 2023 and agency staff wei'e used until late 2023 to cover this positioii. Pag¢ 28
North Down & Ards Women's Aid Notes to the Financial Statements for the Year Ended 31 March 2024 11 TaxAtion The charity is a registered charity and is iherefore exempt from taxation. 12 Tangible fixed #ssets Land And buildings Furniture and equipmenl Total Cost At l April 2023 150,000 112,681 262,681 At 31 March 2024 150,000 112.681 262,681 Depreciation At l April 2023 Charge for the year 93.387 8,109 93,387 11,109 3,000 At 31 March 2024 3,000 101,496 104,496 Net book value Ai 31 March 2024 147,000 11,185 158,185 At 31 March 2023 150,000 19,294 169,294 13 Debtors 2024 2023 Trade debtors Prepayments Accrued iiicome Other debtors 1,699 2,131 14,056 2,510 35,136 4,655 42.301 17,886 14 Creditors: amounts falling due within one year 2024 2023 Trade creditors Other laxation and social security Other creditors Accruals 6,425 14,287 18,643 15,123 3.038 14,936 57,367 7.056 54,478 82,397 There is £7,516 of deferred income included in the Other Creditors Ihal is for use in future periods. Page 29
North Down & Ards Women's Aid Notes to the Financial Statements for the Year Ended 31 March 2024 15 Pension and other schemes Defined contribution pension scheme The charity operat¢5 a defined contribution pension scheme. The pension cost charge for the year represents ontributions payable by the charity to the scheme and amounted to £24.047 (2023 - £22,486). Defined benefit pension schemes The Charity also has a legacy defined benefit pension scheme. The scheme has a deficit which is monitored by the scheme's actuaries each year. A plan was put in place several years ago where all contribiiting employers are making additional conlributioils to ensure the scheme will be fully funded. 16 Reserves Revaluation reserve Total At l April 2023 (82,908) (82,908) The property held by the charity wa5 revalued in September 2023 ai)d this resulted in an increas¢ in ihe property's value, which is represented by this revaluation reserve. Page 30
North Down & Ards Women's Aid Iyotes to the Financial Statements for the Year Ended 31 March 2024 17 Funds BalAnee at 31 MAreh 2024 BalAnee at I April 2023 Incoming resources Resourees exp¢nded Transfers Unrestricted funds General Unrestricted Income Funds 271,192 41,593 (68,036) 15,486 260,235 Deslgnoted Pension Shortfall Reserve Redundancy Res¢rve 16,682 59,602 (4,943) 11,739 59,602 76,284 (4,943) 71,341 Total Unrestricted funds 347.476 41,593 68,036) 10,543 331,576 Restrieted funds All State NI Ards & NDBC LMP Small Graiit Ards & NDBC Workplace Wellbeiiig BME. NRPF CFNI - Oak Foundation Children Iii Need S E H & SC Trust (Childrens Work) Surestart (Childrens Work) CHNt - Goodwill Graiit CFNI - OSS Housing Rights - Social Value Nationwide Rural Support Project Floating Support (NIHE) Housing Management (NIHE) HM Rege Services Supporting People (NIHE) PFL4 Personal Development Program Probation Board M - PPRP SET MDT Seed Funding Storehouse ND Hardsliip Fund See, Hear, ACT, WAFNI Hom¢less Prevention Fund {MHE} 24 (24} 3,450 (3,600) 150 250 9,110 20.000 30,039 (250) (6,051) {17,715) (29,224) 924 (3,983) 2.285 2,887 2,072 41,396 6,673 58,580 9,095 396 5,000 650 (69,708) (8,781) {386) (1,135) 30,268 6,987 io 3,865 (650) 50,000 133,250 30.281 6,102 125.270 (24,390) (161,481) (36,999) (320) (156.218) 25,610 5,510 32,605 19,698 1.136 (12,980) 12,980 (1.136) 18.762 269 32,353 4.065 5,250 5,000 1,584 13,050 (4,065) (3,500) (5,000) (1,583) (10,735) {1,750) (i) 2,315 (1,274) 1,274 Page31
North Down & Ards Women's Aid Notes to the Financial Statements for the Year Ended 31 March 2024 Balance at 31 iVIAreh 2024 BalAttce at I April 2023 Incoming resources Resources expended Transfers Rank Foiindation - NI Start Here Capital Grants NIHE - PIF Capital 22,581 67,092 5,970 15,615 (29,417) ,779 64,092 3,411 (3,000) (2,559) Total restrieted funds 231,388 526,037 (571,832) (10,543) 175,050 Total funds 578,864 567,630 {639.868 506,626 Balance at 31 MA Yeh 2023 BAl#nee at I April 2022 Incoming resources Resourees expended Transfers Unrestrieted funds General Unrestricted Income Fund5 251,375 32,844 {45,760) 32.733 271.192 Desighftled Pension Shortfall Reserve Redundan¢y Reserve 30,749 59,602 (14,067) 16,682 59,602 90,351 (14,067) 76,284 Totil unrestrieted (unds 341,726 32.844 (45,760) 18,666 347,476 Restricted fund5 All State NI Ainazon Voucher Donation Ards & ND PCSP- OSS BME . NRPF Children In Need S E H & SC Trust {Childrens Work) Surestart (Childrens Work) Floating Support INIHE) Housing Management (NIHE) Supporting Peopl¢ IMHE) Probation Board Nt - PPRP NIHE Covld Costs NIHE Covid Staffing costs Homeless Prevention Fund (MHE) CHNt - Goodwill Grant 2022 Rank Foundalion - NI Start Here 3,572 {3,548) {130) (14,960) (1,337) {30.188) 24 130 80 14,880 2,261 28,504 924 2,072 3,756 43,058 8,942 27,567 28,143 33.132 56,149 8,337 129,736 35,297 182,307 (57,811) (10,607) (118,341) (37,311) (177,355) {771) (1.755) (2,565) 41,396 6.672 32,605 19,698 32.354 (6,357) {6,431) (5,730) 771 1,755 2.565 324 28,650 483 (28,984) (483) 10 34,000 {11,419) 22,581 Page 32
North Down & Ards Women's Aid Iyotes to the Financial Statements for the Year Ended 31 March 2024 Balance At 31 Mareh 2023 Balance #t I April 2022 Incoming resourees Resource5 expended Tralksfers Capital Granls NIHE- PIF Capital 69,992 8,529 (2.900) (2,559) 67,092 5,970 Total restrieted funds 223,443 524,176 (497,565) (18,666) 231,388 Total funds 565,169 557,020 543,325} 578,864 18 Analysis of net #ssets between funds Unrestricted funds Restricted funds General Total funds Tangible fixed assets Current assets Current liabilities 90,681 378,282 54,478 67,504 107,548 158.185 485,830 54,478 Total net assets 414,485 175,052 589,537 19 Analysis of Det funds At 31 March 2024 At l April 2023 Cash flow Cash at bank and in haiid 556,990 (113,461) 443,529 Net debt 556,990 (113,461) 443,529 20 Related party tr#nsACtions There were no related party Iransactions in the year. Page 33