Company registration number: NIO56721 Charity registration number.. NIC106208 Causeway Women's Aid (A company limited by guarnnlec) Annual Report and Financial Stsiements for the Year Ended 31 March 2024 Catherine McRory BaxleNorld Ltd Unit 3 Dargan Industrial Park 60-84 Dargan Crescent Belfast Co. Antrim BT3 9JP ADHVQFTE 1311212024 COMPANIES HOUSE 1235
Causeway Women's Ald Contents Reference and Administrative Details Strdt¢gic Report Trustees, Report 34 Statement of Trnslees, Responsibilities Independent Examineds Report Sialcment of Financial Activities Balance Sheel Notes lo the Financial Stalcments 9t014
Causeway Women's Aid Reference and Administrative Details Chlef Ex¢cutlvt Officer Mrs Sharon Burnett Tru5tee5 Mrs Sharon Kirk Miss Briege Martin Mrs Alice Quinn Miss Gillian Clifford Prlnelpal Offlee 23 Abbey Street Coleraine Co Londortderry BT52 IDU Reglslered Offl¢¢ 23 Abbey Str¢ei Coleraine Co Londonderry BT52 IDU The charity is incorpornted in Northern Ircland. N1056721 Company ReKl>trtlon Number Charlty Reglstrtlon Number NICI 06208 Solieitors M¢Auley Wray 35 New Row Coleraine BT52 IAB Banker5 Dan5ke Bank 22 The Diamond Col¢raine BT52 IDA Independeni Ex#mlner Caiherine McRory Baxierworld Ltd Unit 3 Dargan Industrial Park 60-84 Dargan Crescent Belfast Co. Antrim BT3 9JP Pa8¢ 1
. Causeway Women's Aid Strategic Report for the Year Ended 31 March 2024 The trustees. who are direciors for thc purposcs of company law. preseni ih¢ir strate8ic report for the year ended 31 March 2024. in ¢omplian¢¢ with $414C of ihe Companies Acl 2006. Achievements and performanee While ihe day to day activities of the organisation where transferred to the new entity, Causeway and Mid-ulstcr Worn¢n5 Aid during ihe 20-21 year, the title of Ihc property, at Abb¢y Sir¢¢t in Colcraine, remains within this company. The organisa(ion is tsking steps lo transfer thc liilc of th¢ property ¢0 Causeway and Mid-ulster Womens Aid. Fln*nelal revlew The strategic report was approved by the tTusiees of ihe chariry on 2 Decernbcr 2Q24 ond SI¢d on its behalf by.. Mr5 Alice Quinn Trustee Page 2
Causeway Women's Aid Trustees, Report The trustees, who are directors for th¢ purposes of company law, preseni ihe annual report together with ihe rinancial statements of Ihe chorilable company for the year ended 31 March 2024. Going concern The charity merged with with Mid Ulster Womens Aid on 1st Augusi 2020 and the new merged eniiry, now known as Causeway & Mid Ulsler Womens Aid. look ovcr llll of Ihc charitable activities of Causeway Womens Aid. All funder5 agreed to the merger and ongoin8 projects and project fimdin8 was transfetTed to the new merged entity. The property remains in Causeway Women$ Aid's possession for now, bul will be transferred lo thc m¢rged enltty in Ihe near future. Structure• governance gnd management Nalure ofgoverning doc¥menl Causeway Women's Aid is a Company Limited by Guaranlc¢. governed by a M¢mordndum and Articles of Association. li is conirolled by a voluntary Management Board who are responsible for strategic planning and decision makin8. financial governance and probity and have employment responsibility for all staff. Recruilmenl and appoinlmen¢oftrusfees The dircctors of the company are also charity trustees for the purposcs of chariry law and under the company's Articles are known as members of the Management Commillce. Members of Mana8cment Board are recruited through professional or personal recommendation and by advertisemeni. Volunieers who are to be appointed receive induciion assisl thern to fulfil Iheir rolcs in relation to governance of the organisation. Members to ihe Board are proposed at the annual general mee¢in8. Offi¢c bcarers are elected at the first Management Committee mccling following the annual general m¢elin8. Following completion of merger on 1st August 2020 the Management board the existing board remain until final transfcr of r¢maining a5sei to Causeway & Mid-Ul$ter Women's Aid, Page 3
CgusewAy Women's Ald Trnstees, Report Flnanelal Instrnments Objectives andpolicies The organisalion has a risk management policy and operaies a risk assessment framework which includes carying out risk as5¢55menl on all aclivilies. Internal control risks arc minirnis¢d by the implemenlaiion of procedures. Proccdurcs are in place to ensure compliance wilh health and safety of staff. volunteers. clients and visiiors to our premises. Supporting People QMT {Qualiry Management Tool) is fully impleMend and ¢xternally validaied. Individual projcct evaluations are completed to ensure thai the services we provide clearly benefit our sctvice users. Risk management is a sianding agenda item at all management committee meetings to miligaie the risks that the charity faces. Cash flow risk The charity's activities expose it primarily to the financial risks in rhe area of income 8enera¢ion. The charity relys heavily on govemment agencies whose budgets are rcdu¢ed year on year, leaving the charity increasingly reliant on other a8encies and the publi¢. Credli risk The chariry's principal financial assets are bank balanc¢s and cash. trade and other receivables. and inv¢slments. The charity'5 credit risk is primarily artributable lo its trade receivables. The amounts pre5enled in the balance sheei are nel of allowances for doubtful receivables. An allowance for impaimieni is made where there is an idcntified loss event which. based on previous experience. is evidence of A reduction in the recoverability of thc C05h flows. quidity risk In order to maintain liquidity lo ensure that Sufficient fun115 are available for ongoing operations and future developments. Ihe charity has a reserves policy of mainlainin8 rcserve5 al 6 months running Costs and Ihar all restricted reservcs are available in the fom) of cash ai the bank. The annual report was approvcd by Ihc tn15t¢e$ of the charity on 2 December 2024 and signed on its behalf by: Mrs Alice Quinn Trustee Pag¢ 4
Causeway Women's Aid Statement of Trustees, Responsibilities The trustees (who are also the directors of Causeway Women's Aid for the purposes of company law) are responsible for preparing the tThstees' report and the financial sthiemenls in accordance with the United Kin8dom Ac¢ountin8 Standards Iuniied Kingdom Generally Accepted A¢¢ouniin8 Practice) and applicable law and regulation5. Company law require5 the trustees to prepare financial statements for each financial year. Under company law the truseS must not approve the financial statements unless they are satisfied that they give a Iwe and fair view of the slate of affairs of the charitable Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the tNstccs are requircd 10.. select suitsble accounling policies and apply them consislcnily* obsetve the meihods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. stale whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial stalcments: and prepare the financial slaiements on the going concern basis unless li is inappropriate to presume that thc Chanble company will continu¢ in business. The mist¢es are responsible for keepin8 ad¢quate accounting records that are sufficient to show and ¢xplain the charitable Company's Irartsaclions and disclose with r¢asonabl¢ accuracy at any lime the financial position of thc charitsbl¢ company and enable them to ensure that the financial slements comply with th¢ Companies Att 2006. They are also responsible for safeguarding th¢ a55ets of the charitabl¢ company and hence for lakin8 reasonable sieps for the preveniion and dclcction of fraud and oiher irregularities. S¢atement as to di5¢105ure to our ludltors Each of th¢ p¢rsons who is a trustee 81 the dale of approval of thi5 report ¢onfirm$ Ihat.. So far a5 each tTUStcc is aware, there is no relevani audii inforniation of which thc ¢h4rity's auditor 1$ unaware: Each trustee has tskert steps that they ought io have taken as a truslee 10 make themselves aware of any relevant audit infomiaiion and to esEablish that the charity's auditor is aware of (hal infomialion. Approved by th¢ trusl¢e5 of th¢ charity on 2 December 2024 and signed on its behalf by.. Mrs Alice Quinn Trusiee Page 5
Csuseway Women's Aid Independent Examiner's Report to the trustees of Causeway Women's Aid I report on the accounts of ihe charity for the year ended 31 March 2024 which are sei out on pages 7 to 14 . Re5Ptcllve responsibilities of trustees and examiner The trustees (who are also the directors of the company for the purposes of company law) arc responsible for the preparation of the accounts. The ttvstees consider that an audit is not requircd for this year wider SlI0n 65(2) of the Charities Act (Northern Ireland) 2008 (the 2008 Act) and thai an independent examination is needed. The charity's gross incorne exceeded £250,000 and l am qualified to undcrtake the examination by being a qualified member of Ch4rter¢d Institute ofMana¥¢m¢nl Acrountanl5. Having satisfied myself that ihe Charity 15 not subject to audit under company law and is eligible for independent exarninaiion, it is my responsibility to.. exarnint the accounts under section 65 of the 2008 Acl. 10 follow the procedures laid down in the gcneral Dircclions given by the Charity Commission under 5e¢iion 65(9){b) of the 2008 Act. and io sialc whether particular maners have ¢ome to my attention. Basls of Independent exllmintr's report My examinalion was caled out in ac¢ordan¢e with the general Direction5 given by rhe Charity Commission. examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It a150 includes consid'eration of any unusual items or disclosures in the accow)ts, and Seeking explanations from you os trn&¢S c¢)neerning any such matters. The procedures undertaken do not provide all thc cvidencc that would bc rrquircd in an audit and conscqucnily no opinion is given as io whether the accounts present a 'tNe and fair view, and the report is limited to those matters set out in the statement b¢low. Independent examlner's s¢Attment In conneciion with rny cxamination. no matter has corne lo my atlenlion.. { l ) which givcs rnc reasonable cause lo believe that in any material respect the TequireTnents= lo keep accounting records in a¢cordance with section 386 of the Companies Act 2006. and lo prepare accounts which accord with the accounting records, comply wtth th¢ accounting requirements of section 396 of the Companies Act 2006 and with Ihe methods and principles of the Siiiement of Recommended Practi¢¢.' Accounting and Reporting by Charities have not be¢n mel- or (2) to which, in my opinion. attention should be drawn in order lo enable a proper underslanding of the accounts to be reachcd. Catherine MCRO Chartered Instile of MaDa8cm¢nl Accountsnts Baxlcrworld Lid Unit 3 Dargan Industrial Park 60-84 Dargan Cr¢ent Belfast Co. Antrim BT3 9JP 2 Decernber 2024 Page 6
C•ustway Women'$ Ald Statement of Flnlnelal Aetlvlrfes for the Vear Ended 3) Mireh 2024 (Includlng Income and Expenditure Account and Stitemtnt of Toil Recognised Galns and L089) Uhreitrltttd fundi Resirlcled Total 2024 Tolil 202J Note Income and End•wments from.. Expendllurc on.. 3.WOI J.000 Total EApenditur¢ Nel ¢xpendilwe Tilnsfeis between fiLnd8 13.OiK)I 13.0001 I3.OCl 3,000 Nel movem¢nl in fund$ 13,0001 13.0001 R¥¢on¢lllailoTr •( fyndi Tol&l fllnds brou¥hi forward Toi•l thd$ ¢•rried forwird 28.816 132,1M)O 135,000 28.816 I29.0 132.000 All ol'the ¢h#rity'¥ a¢tivilie¥ derive from disconiinuiThB operdlioni durin8 2021. The fund8 bre&kdown for 2024 & 2023 is Show in noie 8. PaBe 7
Causeway Women's Aid (Registration number: N1056721) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed asse¢s Tangible &sset5 129,000 132,000 Funds of the eharlty: RestTlCted (unds 100,184 103.184 Unrestricted income funds Revalualion reserve 28,816 28,816 Total funds l29.000 132,000 For th¢ financial year ending 31 March 2024 the charity was Cntitlcd to exemplion from auth'i under section 477 of the Companies Act 2006 relating lo small companies. Direcior5' rcsponsibililie5'. The members have noi required ihe charity w obtain an audit of its accounts for the year in question in accordance with section 476. and The directors acknowledge their responsibilities for complying with the requircmcnts of the Act with respect lo accounting records and ihe preparation of aecounLS. These accounts hav¢ been prepared in accordanc¢ with the provision$ applicabl¢ to Companies subj¢ci to lh¢ small companies rcgime. The financial sthternen15 on page$ 7 to 14 were approved by the In1¢¢$, and auihoris¢d for issu¢ on 2 December 2024 and si8ncd on their behalf by.. Mrs Alic¢ i?uinn Trustee Page 8
Causeway 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 noi have shar¢ capital. Each of th¢ trustees is liable lo conlribule an amount not cxcecding £ I towards the assets of the charity in the event of liquidalion. 2 Accountlng policies Summary of slgnlflc•nt 2¢countlng poll¢les and key ac¢ountlng esilmates The principal accounting policies applied in Ihc preparation of ihese firkancial statements are sei out below. These policics have been ¢onsislenily applied io all the years presenl¢d. unless olhcnvise Stsled. Statement occompliante The financial Stslemenis have been prepared in accordance wilh Accounting and Reporting by Charities: Sialemenl of Recomm¢nd¢d Practice applicable lo charities preparing their accounts in accordance with th¢ Financial Reporting Sndard applicable in ¢h¢ UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charilits SORP (FRS 102)), Ihe Financial Reporting Standard appli¢abl¢ in (he UK and Republic of Ireland (FRS 102) and the Companies Aci 2006. B451s of preparation Causeway Women's Aid meets the definiiion of a public benefit eniity under FRS 102. Asset5 and liabilitie5 are initially recognised at historical cosi or trnns8Ction value unless otherwise slated in the relevant accounting policy notes. Going coneern The charity mer8ed with wilh Mid Ulsl¢r Women5 Aid on Isl Auysl 2020 and ihe new merged enlily. now known as Causeway & Mid Ulslcr Women5 Aid, took ov¢r all of the ¢haritable activities of Causcway Womens Aid. All funders agrccd to rhe merger and ongoing projccts and project fundin8 was transferred ¢0 th¢ n¢w merged entiry. The properry remains in Causeway Womens Aid's possession for now, bul will be transferred to the merged entity in the near future. Income 8v•d endowments Expendlture All expenditure is recognised once Iherc 15 0 legal or constructive obligation 10 that expendiNre, li is probablc settlement is r¢quir¢d and the amount can be measured reliably. All costs are allocated to the applicable expendifure heading that aggregate similar costs to thal ¢al¢gory. Wh¢r¢ costs cannot b¢ directly atlribuled to particular headings they have been allocaled on a basis consistent with the use of resources. with central staff costs allocated on the basis of time spent, and depreciation charges allocaied on the portion of the asset's use. Other support costs are allocated based on the spread of xtsff costs. Charitable artivities Charitable expendire comprises those costs incurred by the charity in the delivery of its activiti¢s and 5¢rvices for its beneficiaries. li includes both cosis that can be allocated direcily lo such activitie5 and those costs of an indirect nature necessary lo support them. Pa8e 9
Causeway Women's Aid Notes to the Flnancial Statements for the Year Ended 31 March 2024 Support eosts Support cosis include central fictIonS and have been allocated to aciivity cosl categories on a basis consistenl with the use of resources. for example, allocating property costs by flTh)r areas, or per capila. stsff costs by the time spent and oiher cost5 by their usage. Taxation The charity is considered to pass the tests sei out in P&ragraph I Schedule 6 of the Finance Act 2010 and Iherefore it meets the definition of a charitable company for UK corporation tax puryseS. Accordingly, the charity is pottnlially excmpt from taxation in respect of income or eapiial gains received within categoric$ covered by Chapter 3 Pan I l of the Corporalion Tax Acl 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are appli¢d ¢xclusively lo chan'table purposes. TAnglble fixed assets Individual fixed assets costing £0.00 or more are initially rccordcd at ¢osu less any sub5cquen¢ a¢¢umulated depreciation and subsequent accumulated impairment Ios5¢5. Depreclitlon and mort15don Depreciation is provided on tangible fixed assets so as lo wrile off the c05t or valuation. Ic5s any ¢stirnated residual value, over Ihcir exp¢¢t¢d useful economic lifc a5 follow$.' Asiet ¢lA$$ Equipment Fixtures & Fittings Land & Buildings Depreclation method and rate 250/D Straight Linc 250/0 Siraighi Linc 2•/0 Straighl Linc Page 10
Causeway Women's Aid Notes to the Financial Statements for the Ycar Ended 31 March 2024 Fin4ncig1 instrllmtnts Classification Financial assets and financial liabiliiies are recognised when th¢ ¢hariry b¢com¢s a party lo the Qontractual provisions of the instrum¢nl. Financial liabilities and equity instnjments arc classified according lo the subswice of Ihe contractual aangeMentS entered inlo. An equity instnmnent is any contract that evidences a residual interest in the assets of the chariry after deducting all of its liabilities. Recognilion and meq5¥rement All financial assets and liabililic5 are inilially measured at transaction price (including transaclion costs), except for those financial assets elassified as af fair value through profit or loss, which are inilially measured at fair value (which is normally the tran5aclion price excluding transaction costs), unless the arrdngemcnl constitutes a financing transaction. If an arrangement conslityt¢5 a financing tTansaction, the financial assei or financial liability is me&sured at rhe pr¢5cnt valuc of the future payments discount¢d al a mark¢t raie of Inre$l for a similar debi instNment. Financial asset$ and liabilities are only offset in the ststemenl of finan¢ial posiiion when. and only when ihere exisis a legally cnforccable right io set off the recognised amounts and the charity in*nds either to setile on a nct basis. or to realise the assei and sertle the liability simultsneously. Financial assets are derecognised when and only when a) the contraciual rights to the cash flow5 from the financial as5el expire or are settled, b) the charity transfers lo anoihcr party subsiantially all of the risks and rewards of ownership of Ihc financial assei, or c) Ihe charity, despilc having rctained some. but noi all. Significant risks and rewards of 0erShIP. has Iransferred control of the assei to anoiher party. Financial liabilities are derecogni5ed only when the obligation specified in the contract is discharged. cancell or expires. Falr lt measuremenl The best evidence of fair valuc is a quolcd price for an identical asset in an activ¢ markei. When quoted prices r¢ unavailablc, the price of a recent Iransaclion for an idenlical a5sel provides ¢vidence of fair value as long as Ihcre has noi been a significant change in economir circum5tanccs or a significani lapse of lime since Ihe transattion took place. If the market is not aciive and recent transactions of an identieal asse( on iheir own are not a good estimate of fair value, the fair value is estimated by using a valuation technique. Pagcll
Causewydy Women's Ald Notes to the Financial Statements for the Year Ended 31 March 2024 3 Expenditure on ¢h4rlt4blt actlvltles Unrestricted funds Total 2024 Tot*1 2023 GenerAI Allocated support costs 3,000 3.000 3.c0 Total 2024 £3,000 (2023 - £3.000) of the above expenditure was attributsble to unrestricted funds and £Nil (2023 - £Nil) lo restricted funds. 4 Trustees remuntr#tlon and expense$ No trustee5. nor any persons ¢onn¢cted with them, have receivcd any r¢muneralion from the charity durin8 the year. No trustees have received any reimbursed expcnscs or any other benefits from ihe charity during the year. S Taxatlon The Charity 1$ 4 registered charity and is therefore exempl from tsxation. 6 Tanglble flxed assets Land gnd bulldings Tot41 Cost At l April 2023 220,284 220,284 At 31 March 2024 220.284 220,284 Depreclation At l April 2023 Charge for the year 88.284 3,000 88,284 3,000 At 31 March 2024 91,284 91,284 Net book value At 31 March 2024 129.000 129,000 At 31 March 2023 132,000 132,000 The property contained within the Land and Buildings fixed asset GlassifitIon revalued as part of the transition lo FRSIO2. Page 12
Causeway Women's Aid Notes to the Financial Statements for the Year Ended 31 March 2024 7 Analysls of net assets between funds Unrestricted funds Restricted funds General Total funds Tangible fixed asscts 28,817 100.183 129.000 PAge 13
Cguseway Women's Aid Notes to t.he Financial Statements for the Year Ended 31 March 2024 8 Fundi Balance at I April 2023 Resources expended Balance #t 31 March 2024 Transfers General Unr¢stricted Income Fund (3.000) 3,000 Other funds Revaluation Reserve 28,816 28.816 Total Unrestrl¢led fundi 28,816 (3,000) 3,000 28.816 Res¢ricted fund5 Land & Buildings Cap grant 103.184 3,000 100,184 Total (unds 132,000 129,000 Balnce at I April 2022 Resources expended B4lan¢e at 31 March 2023 Trn$fers General Unresiricled Income Fund (3,000) 3,OOLI Other funds Revaluation Reserve 28,816 28.816 Tot#1 unre$¢rl¢ted funds 28,816 (3.000) 3,oofJ 28,816 Restricted funds Land & Buildings Cap grant 106,184 3,000) 103.184 Total funds 135,000 3,000 132,000 Page 14