Omagh Women's Aid Statement of financial activities (incorporating the income and expenditure account) For the year ended 31 March 2023 Period ended 21113 Period ended 2022 Unrestrieted R&8tricted funds Notes Incorne and endowments from Donations and legacies Charitable activities 18,396 11.038 5,184 18,396 336,935 5,184 4.310 311597 5.922 325,897 Total 34.618 325.897 360.515 322,829 Expenditure on: ctwitable activities Other Il.954 314.293 326.247 324,651 82 Total 12.065 3l4,293 326.358 324,733 Net incomeJ(expenditure) 22,553 11.604 34.157 (1,904) Net incoming r&sources for the year I RecondlatioD of funds Total funds brought forward 167.648 248.360 416,IM)8 417.912 Total ndS carried forward 190.201 259.964 450,165 416,008 The sratemeni of financial llctivities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has noi been prepared. All of the alx)ve arnounts relate to continuing activities. The Dotes on pages 9 to 14 fom an integral part of these fllwicial statements. Page 6
Omagh Women's Aid Balance sheet as at 31 March 2023 2023 2022 Fixed assets Tangible a&sets Current assets Debtors Cash at bank and in hand 5.793 5.793 io 24,617 527,833 20.423 478.715 551450 499.138 Creditors: amounts falling due within one year (108.078) (88,923) Net current assets 444,372 410.215 Net assets 450,165 416,008 Funds Restricted income funds: Restricted income funds S.P. 90,648 169,316 79.044 169.316 Total restricted incorne funds unresLCted incovne funds 12 13 259.964 190.201 ?48,360 167,6413 Total funds 450,165 416,008 The Balance Sheet continues on the following page. The notss on pages 9 to 14 fonn aD integral part of these financial ststements. Page 7
Onyagh Women's Ald Balanee sheet (continued) Trustees statements required by the Companies Act 2006 for the year ended 31 March 2023 In approving these fAnancial statemeTJts as trustees of the company we hereby confjnn: (a) that for the year staled above the company was entitled to the exemption under section 477of the Companies Act 2006 relaiiz]g to small companies. (b) no members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of Companies Act 2006. (c) that we acknowledge our responsibility for complying with the requIrennts of the Act with respect lo accounting records and for the preparation of accounts. These fancIal statements a prepared ID accordance with the provisions applicable to cOnanIeS Subject to the small companies. regime. The fitwjciai statements were approved by the board on 29 Novenlber 2023 and signed on its behalf by CO IAJai Allison Forbes Director Cathy O'Neill DArector The notss on pages 9 to 14 forn) an knte81 part of these fanCial statsments. Page 8
Omagh Women's Aid Notes to financial statements for the year ended 31 March 2023 Accounting pollcies The prlnctpal accounting policies are summari5ed below. 1.1. Basis of accounting and ass£ssment of going concern The financial statements have been prepared in accordance Wlth Accounting and Reporting by Charities: Statements of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporring stand applicable in the UK and Republic of Ireland (FRS 102)(effective l January 2015) - (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Cornpanies Act 2006. The charity constitutes a public benefit entity as dered by FRS 102. Assets and liabilities are intially recognised at historical cost or transaction va]ue unless otherwise staed in the relevant accounting policy note(s). The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. 1.2. clOW The charity h&s raken advantage of the exemption in FRSI from the ttquirement to produce a cashfiow statement because it is a small charity. 1.3. Incoming resources All incoming resources are included in the statement of financi8J activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to parttcular categories of income: Voluntgry income is received by way of granis, donations and gifts ond is included in ft]11 in the statemenE of fllwjcial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific trforne by the Chlty, are recognised when the chlty becomes uncollditionally entitled to the granL Donated services and facilities are included at the value to the ChltY where tbis can be quantified. The value of services provided by volunteers has not been included. Gifts donated for resale are included &s incoming resources within activities for generating funds wben they are sold. Grants, including grants for the purchase of red &ssets, are recognised in full in the statement of financial activities tn the year ID which thcy are receivable. Income from investsnents is included in the year in which it is receivable. Page 9
Omagh Women's Aid Notes to financial statements for the year ended 31 March 2023 1.4. Resources expended Expenditure is recognised on an accnlal basis as a Itability ts incurred, Expendirure includes any VAT which cannot be fully recovered and is reported &$ part of the expenditure to which ir relates. Costs of generating fimds comprise the costs associad with arLractillg voluntary income and the costs of trading for fundraising purposes including the charity's shop. Charitable expenditure comprises tbose costs incutred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to SLLch activities and those costs of an indirect llature necessary to support them. Supw)rt Costs are t[Se costs incuTred directly in support of expenditure on the objects of the charity and include project management. 1.5. Tangible red assets and deprecfiation Tangible fixed assets are slated at cost less ac¢umulated depreciation. Depreciation is provided at rdtes calculated to write off the Cost less residual value of each asset over its expected useful life, follows.. Fixtures. fittitw and equipmeut straight line 1.6. Dered benefit pe]On scbemes The charity operates a defined Ecnefit pension scheme for employees. The assets of the scheme are held separately from tbose of the chIry in an independendy admitllstered fund. Current service costs. past service costs and gains and losses on settlements alld curtailments are charged to appropriate resources expended categories in the statetnent of financial activities. Pt service coscs are recOlISed over the vesting period or immediately if the benefits have vestd. When a settlement (eliminating all obligations for benefits a]ready accrued) or a curtailment (reducing fiJtte obligations &s a result of a material reduction ill the scheme membership or a reduction in fijrure entitlement) occurs. the obLigatAon and related plan &ssets are remeasured using current actuatial assumptions and the resultant gain or loss is recognised in the statement of financial activities duTing the period in which the settlement or curtaTlrnent occurs. The interest cost and the expected return on assets are shown as a net amount as other finance costs or income. Net pension finance costs are allocated to appropriate resources expended categories in the statement of financial activities. Net pellsion finance income is recogDised as an incoming resource in the statement of flliancial activities. Actuarial gaills and losses are recogni8 imutha1Y as other recognised gains and losses in the 5tatemenr of finallcial activities. Pension scheme assets are valued at fair vaille at tk balance sheet date. Fair value is based on market price infornution and ID the case of quoted securities is the published bid price. Pension schetne liabilities are nSu[ed on an actuarial b&8is using the projected unit method and are discounted to their present value using a rate equivaleDt to the current rate of retL]rn on a high quality corporate bond of equivalent currency and term to the scheme liabilities. The pension scherne tEither: 'surplus (to the extent that it can be recovered) OR "deficit'] is recognised in full on the balaDce sheeL net of related deferttd th. Page 10
Omagb Women's Aid Notes to financial statements for the year ended 31 March 2023 Income from eharitable activitles Unrutricted Restrictsd funds 21)23 Total 2022 Total Children in Need Children & Young Persons Floating support (NIHE) Housing Management WHscr WHSCT period vertY WHSCT Hope in CoTnmon WHscf Children & Young Persons Supporting People (NIHE) SRP phase 2 Sustaining Healthy Hotnes (NIHE) FODC Halifax Nationwide Community grant The Community Foundation- RTE Toy Show Appeal Clear EmpowHer project Comic Relief Big Night In 8,147 33.834 25.8(K) 36.877 8.147 33.834 25.800 36.877 31,981 29,135 35,992 2,7(MJ 2.844 5.OIN) 157.473 2.897 14,761 575 12.026 13.381 9,502 2.780 5.000 157.473 2,897 14.761 575 12.026 13,381 9J02 2,780 150.551 1.607 5.732 10.540 9.1 10,0 1,700 1.700 WAFNI Hear Her Voice Omagh Women's Aid 12,1)Ki 4,253 9,338 9,338 11,038 325.897 336.935 312,597 Other Income Unrestrleted 2023 Total 2022 Total Xmas appeal Bank interest receivable 2,138 3.046 2.138 4.858 5.184 5.184 5.922 Page 11
Omagh Women's Aid Notes to financial statements ror the year ended 31 March 2023 Costs of charitable activltles Charitable Activities Support Governance costs 2023 Total 2022 Total Children & Young Person's Steps to Safety project Floating Support (NIHE) Housing Management Suppi)rting People (NIHE) SRP phase 2 Advice, accomtnodation & support ErnpowerHer project Slow cooker programme (FODC) Nationwide Community project Sustsining healthy hotnes (NIHE) Hope in Common [wHS) Period poverty project Hear Her Voice project COVID premises adaption C(x)k-it programme Central costs 12.968 9502 51.157 27,650 139.568 2.226 23.337 14.807 575 13,291 14,76l 179 13.147 9,502 51,694 27.740 140,284 2.226 23.337 14.807 575 13.381 14,761 2.844 9,000 9.106 57.952 29.135 124.579 537 90 716 26.304 5,731 1.220 10.540 90 2,696 269 1,834 107 46.178 11.770 179 312,686 I I,770 1.791 396,247 324,651 Other resources expended Unrestricted 2023 Total 2022 Total Other charges Bank fees 16 95 16 95 82 Employees Employment costs 2022 Wages and salaties and pensions No saIleS or wages have been paid to employees. including the trustees, during the year. No employee received emolun]ents of more than £60,0(K) (2022 ., None). 214.786 216,536 Page 12
Omagh Women's Aid Notes to financial statements for the year ended 31 March 2023 Taxatlon The charity's activities fall within the exemptions afforded by the provisions of tbe Income and Corporation Taxes Act 1988. Accordingly. there is no taxation charge An these accounts. Tangible rued wets fittings and equipnt Tot At l April 2022 At 31 March 2023 43.508 43,508 43,508 43,508 Depreciation At l April 2022 At 31 March 2023 37,715 37.715 37,715 37.715 Net book values At 31 March 2023 5.793 5.793 At 31 March 2022 5.793 5.793 10. Debtors 2023 2022 Sadift NIHE Rents ledger The Conmnullity Fuundation Causeway & Mid Ulster FODC 3,5(K) 14.182 14.120 4.497 1.134 24.617 20,423 Page 13
Omagh Women's Aid Notes to financlal statements for the year ended 31 March 2023 11. Creditors: amounts falling due within one year 2023 2022 Creditors Nationwide Comrnunity Fund WHscf home heating initiative Halif Foldation Children in Need The Community Foundation WHSCT Hope in Cornmon NIHE sustaining healthy homes CLEAR project Other taxes and social security 25,393 26,079 53 22,741 25.871 3,877 2,156 1.084 1220 (396) 9,133 39,460 15,857 14.268 8,882 1,323 108.078 88,923 12. Restrficted funds At At Incoming Outgoing resources resources 2022 2023 169.316 79.044 I94,204 131,693 (194,?041 (1 ?0.089) 169,316 90.648 Others 248,360 325,897 (314.993) 259,964 13. Unrestricted fund8 At At Incoming Outgolng TTee5 resourees 2022 2023 167,648 34.618 (12.065) 190.201 167,M8 34,618 (12,065) 19),201 14. Company Ilmlted by guarantee Omagh Women's Aid is a cornpany lirnited by guarnitee and accordingly does not have a share capital. Every tnember of the company undertakes to contsibute such amount as may be required llot exceeding £1 to the assets of the charitsble compaDy in the eveDt of its being wound up while he or she is a nMber, or within one year after he or she ceases to be a member. Page 14