Charlty registration number 107823
Company registratlon number N1645873 (Northern Ireland)
IWC CONVENTION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

IWC CONVENTION
LEGAL AND ADMINISTRATIVE INFORMATION
Dlre¢tors
Kathy Cowan
Diane Casement
Gail Curry
Valerie Gibson
Mary Hambleton
Brenda Kelso
Laura Mullan
Claire Moneypenny
Laura Swinburn
Emma Rutter
(Appointed 7 October 2022)
{Appointed 14 September 2023)
Charity number
107823
Company number
N1645873
Registered office
66 Kings Road
Belfast
BT5 6JL
Independent exarniner
MTS Prior Mcmahon
104-108 Frances Street
Newtownards
Down
BT23 7DY

IWC CONVENTION
CONTENTS
Page
Trustees Report report
Independent examinerfs report
Statement of financial activities
Balance sheet
Notes to the financial stalemenls
7-11

IWC CONVENTION
TRUSTEES REPORT REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MAY2023
The Trustees present their annual report and financial statements for the year ended 31 May 2023.
The financial statements have been prepared in accordance with the accounting policies Set out in note 1 to the
financial statements and comply with the Charity's Articles. the Companies Act 2006 and 'Accounting and
Reporting by Charities.. Ststement of Recommended Practice applicable lo charities preparing their acLounts in
accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021. las
amended for accounting periods commen¢ing from 1 January 20161
Objectives and activities
The activities of IWC flow directly from ils objectives, i.e. by organising a Bible-teaching Conferen￿ on an annual
basis, the delegates hear a clear explanation of what the Bible teaches and its implications for living in today's
world. As a result of this, Christian malurily is fostered and ils outwotking demonslraled in wider personal and
community relationships. Those who have benefited in this period are Christian women. most of whom are
resident in Northern Ireland
The Ttustees have paid due regard to guidance issued by the Charity Cornmission in deciding what activities the
Charity should undertake.
Achievernents and performance
In this period we were again able to meet in person at two events. both in Assembly Buildings in Pelfast.
Following the previous year's Biblical theology wotkshop with Nancy Guthrie, the theme of our conferences was
Biblical literacy, as our aim is lo give women the tools lo search the Scriptures for themselves_
We were delighted lo welcome Kathleen Nielson for our conference on 8 October, 2022 al which she spoke on
the theme of 'Words of Delight, Words of Truth,. Kathleen had last spoken in 2013 to IWC and this b'me she
introduced the women present to some of the Old Teslamenl genres and how God uses these gen￿S lo
communicate his truth. These comprised that of narrative {using the story of Joseph in Genesis 391, poetry
{drawing on Psalm 771 and an introduction lo wisdom literature {Lady Wisdom in Proverbs 1-91. This was a
deeply enriching day, with Kathleen expounding the text an¢J bringing her subject to life with her customary
warmth and authority.
On 21 May 2023. Christine Mahood led 300 women to deliver her practical workshop on why and how to stL*dy
the Bible more deeply. In her first talk in 'Digging Deeper., Christine explained from Psalm 119..1-21 why we
ought to study God's word, viz. it has the power to keep us walking in God'5 ways, il is the only reliable guide for
'aliens in a hostile world. it gives us strength in suffering and il is the source of true delight. This was followed up
by two tslks in which Christine looked al some of the tools for studying the Bible. such as context. genre, author
and audience. Bible timeline {redemplive history), vocabulary. linking words. repetition and allusion. Memorably,
Christine shared her own mistakes, for example. reading the Bible as if it'5 311 about me, reading verses out of
conlexl, thinking that a five minute devotion equates to a Bible study. and relying loo much on other people's
thoughts and opinions on a passage rather than studying the Bible for ourselves.
Again the conferences were supported by an amply-supplied bookstall provided by the Evangelical Bookshop.
featuring trusted Christian resources and books ￿¢0MMended by both members of the Committee and the
speakers as well as discounted goody bags. Video recordings of the talks are made available on the IWC
website free of charge after the event.
IWC makes significant use of volunteers lo steward the various events and the Committee is again deeply
thankful that so many previous volunteers returned lo serve in this way during this period.

IWC CONVENTION
TRUSTEES REPORT REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2023
Financial revlew
To this point we have managed to keep the price of ticket$1£17 and £12 for students) unchanged snce the first
conference in 2012. This year's accounts sh¢)w a tumover from these events of £20.039.27. and after an
honorarium for the speakers, disbursements for the venue, food, technology and other necessary expenses
incurred. a loss of £6.612.67. The goody bags and food for the many volunteers were again in part subsidised
by the profits from previous years. None of the Committee receives any payment for time or services. In the
previous year the conferences returned a profil of nearly £11,000 bul in this past year rising expenses have
eroded our reserves and as we look to the future we acknowledge that ticket pri￿$ will have lo rise in order lo
cover our costs.
During the year the Charity generated incoming resources of £26.963.
Outgoing resources were £28,342 leaving nel outgoing resoLtrces of £1,379 for the year lo 31 May 2023.
It is the policy of the Charity that unrestricted funds which have not been designated for a specrfic use should be
maintained al a level equFvalent to between three and six month's expenditure. The Trustees consider that
reserves al this level will ensure that. in the event of a significant drop in funding, they will be able to continue the
Charity's current activities while consideration is given to way5 in which additional lunds may be raised. This level
of reserves has been maintained throughout the year.
The Trustees have assessed the major risks lo which the Charity is exposed, and are satisfied that systems are
in place to mitigate exposure to the major risks.
Structure, governance and management
The Iruslees are also directors of the Company IWC Convention {Nl 6458731 under the provisions of the
Companies Act 2006. The company was registered as a charity number 107823 with the Charity Commission
Northern Ireland on 21 September 2020.
The organisalion is governed by Articles adopted ir$ 2017. There are Currently 9 trustees who meet regularty to
selecl themes and speaker3 and to plan events. as well as take on board feedback. The board seeks to ensure
that a range of ages and skills and church commitments are represented. Meetings are minuted_
The Trustees. who are also the directors for the purpose of company law. and who served during the year and up
to the dale of signature of the financial statements were..
Kathy Cowan
Diane Casement
Gail Curry
Valerie Gibson
Mary Hambleton
Brenda Kelso
Laura Mullan
Claire Moneypenny
Laura Swinburn
Emma Rutter
(Appointed 7 October 20221
(Appointed 14 September 20231
Plans for the future
Plans for the future ministry of IWC continue with Courtney Doctor speaking on 'Transfomalion {to his glory, by
his mercies, for our good), on 19 October 2023 and a workshop on 1 June 2024 with Rico rice entitled 'Holding
out Hope,.

IWC CONVENTION
TRUSTEES REPORT REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MA Y2023
The Trustees report report was approved by the Board of Trustees.
Kathy Cowan
TNslee
Dated.. 19 March 2024

IWC CONVENTION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF IWC CONVENTION
I report to the Trustees on my examination of the financial statements of IWC Convention (the Charity) for the
yearended 31 May 2023.
Respective responsibilities of trustees and examiner
As the Trustees of the Charity land also its dI￿￿or$ for the purposes of company lawl you are responsible for
the preparation of the financial statements in accordance with the requirements of the Companies Act 2006
(the 2006 Acti.
Having satisfied myself that the financial statements of the Charity are not required lo be audited under
company law and aft eligible for independent examination, it is my responsibility lo..
examine the accounts under section 65 of the Charities Act {Northem Ireland) 2008..
follow the prO￿dureS laid down in the general Directions given by the Charity Commission for
Northern Ireland under section 65{9){b) of the Charities Act- and
stale whether particular matter$ have come to my attention.
Basis of independent examlnerfs report
I have examined your charity accounts as required under section 65 of the Charities Act and my examination
was Carried out in accordance with the general Directions given by the Charity Commission for Northern
Ireland under section 651gllbl of the Charities Act. The examination induded a review of the accounting
records kept by the charity and a comparison of the accounts presented with Ihose records. It also included
consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as
charity Injslees concerning any such matters.
My role is to slate whether any material matters have come to my attention giving me cause to believe."
accounting records were not kept in respect of Ihe Charity a5 required by section 386 of the 2006 Act," or
the financial statements do not accord with those records.. or
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act
other than any requirement that the accounts give a true and fair view which is not a matter considered as
part of an independent examination., or
the financial statements have not been p￿pared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 102).
Independent examiner's statement
I have completed my examination and have no concerns in respect of the mallers11} to141 listed above and, in
connection wtth following the Directions of the Charity Commission for Northern Ireland. I have found no
matters that require drawing lo your attention.
Paula Armstrong
For and on behalfof MTS
104-108 Frances Street
Newtownards
Down
BT23 7DY
nor Mcmahon
Dated.. 19 March 2024

IWC CONVENTION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MAY2023
Unrestricted Unrestrlcted
funds
funds
2023
2022
Note$
ome
nd
Charitable activities
Investments
Other in¢ome
ow
s from..
26,955
39,655
1.217
Total Income
26.963
40,872
enditur
Charitable activities
28.342
29,959
Net {expenditure)fincome for the yearl
Net movement in funds
11,3791
10,913
Fund balances at 1 Jurie 2022
10.618
12951
Fund balances at 31 May 2023
9,239
10.618
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the CompaniesAcl 2006.

IWC CONVENTION
BALANCE SHEET
ASAT31 MAY2023
2023
2022
Notss
Current assets
Debtors
Cash at bank and in hand
11
1,473
15,625
908
21.572
17.098
22,480
Creditors: amounts falling due wlthin
one year
12
(7,859)
111,8621
Nel current assets
9.239
10.618
Income funds
Unreslricled funds
9,239
10.618
9.239
10.618
The company is entitled to the exemption from the audit requirement Contained in section 477 of the Companies Act
2006, for the year ended 31 May 2023.
The directors acknowledge their Esponsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of ils financial statements for the year in question i
accordance with section 476.
These financial slalemenls have been prepared in accordance with the provisions applicable lo companies subject
to the small companies regime.
The financial statements were approved by the Trustee5 on 19 March 2024
Kathy Cowan
Trustee
Company registration number N1645873

IWC CONVENTION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY2023
Accounting policles
Charity information
IWC Convention is a private company limited by guarantee in¢orporated in Northern Ireland. The regIste￿d
office is 66 Kings Road, Belfast. BT5 6JL.
1.1 A¢countlng convention
The financial statements have been prepared in accordan￿ with the Charity's Igoverning documentl, the
Companies Act 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republi¢ of
Ireland" {'FRS 102") and the Charities SORP "Accounting and Reporting by Charities= Statement ol
Recommended Practi￿ applicable to charities preparing their accounts in accordan￿ with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. The
Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for chartlies not to prepa￿ a Statement of
Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. Imodified to include the
revaluation of freehold properties and to include investrnent properties and certain financial instruments at fair
valuel. The principal accounting policies adopted are set out below.
1.2 Going concern
Al the time of appmving the financial stalemenls. the Trustees have a reasonable expectation that the Charity
has adequate resources to eontinue in operational existen￿ for the foreseeable future. Thus the Trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitsble funds
Unreslricled funds are available for use at the discretion of the Trustees in furtherance of their Charitable
objectives_
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific ¢onditions by donors that Ihe capital musl be maintained by the
Charity.
1.4 Income
Income is re¢ognised when the Charity is legally entitled lo il after any perf0rnan￿ conditions have been
met. the amount5 can be measured reliably, and it is probable that income will be re￿ived.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified
of the donation. unless performance conditions ￿qUIre deferral of the amoL*nl. Income tax ￿COverable in
relation to donations received under GiftAid or deeds of covenant is recognised al the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending dislribulion,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated a5 a
contingenl asset.

IWC CONVENTION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y2023
Accounting policies
{Continuedl
1.5 Expendlture
Expenditure is re¢ognised once there is a legal or conslruclive obligation to transfer economic benefit to a
third party. il is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is Classified by activity. The costs of each activity are made up of Ihe total of dI￿t costs and
shared costs. including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one acbvity and
support costs which are not attributable to a single activity are apportioned between those activities on a basis
consistent with the use of resour￿$. Central stsff costs are allocated on Ihe basis of time spent. and
depreciation charges a￿ allocated on the portion of the asset's use.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in haRd, deposits held al call with banks, other short-tenn liquid
investments with original maturitie5 of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowing5 in current liabilities.
1.7 Financial instruments
The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Seclion 12
'Other Financial Instruments Issues. of FRS 102 to all of ils financial instNments.
Financial instruments are recognised in the Charity's balan￿ sheet when the Charity becomes party to the
conlraclual provisior>s of the instrument.
Financial assets and liabilities are offset. with the net amounts presented in the financial statements. when
there is a legally enforceable right lo sel off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic ffnancial assets. which include debtors and cash and bank balan￿5, are initially measured al
transaction pri￿ including transaction costs and are subsequently carried al amortised cost using the effective
interest method unless the arrangement constitutes a financing Iransaclion. where the transaction is
measured at the present value of the future re￿Ipts discounted at a market rate of interest. Finanaal assets
classified as re￿1vable within one year are not amortised.
Basic firjancial liabilities
Basic financial liabilities. including creditors and bank loans are initially recognised al transaction Pri￿ unless
the arrangement conslilules a financing transaction. where the debt inslNmenl is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities ctassified as payable
within one year are not amortised.
Debt inslruments are subsequently Carried at amortised wst, using the effective interest rate method.
Trade creditors are obligations to pay for good5 or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable a￿ classified as current liabilities if payment 1$ due within one
year or less. If not. they are presented as non-currenl liabilities. Trade C￿di10r$ are recognised initially al
transaction pri￿ and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilitles
Financial liabilities are derecognised when the Charity's conlraclual obligations expire or are discharged or
can￿lled.

IWC CONVENTION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2023
Accounting poli¢le$
(Continued)
1.8 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
Ceived.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed
lo lemiinate the employment of an employee or to provide termination benefits.
Critical accounting estimates and judgements
In the application of the Charity's accounting policies, the Trustees are required lo make judgements.
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Charitable activities
Event
income
Event income
2023
2022
Sales within charitable activilie5
26.955
39.655
Investments
Unrestricted
funds
Total
2023
2022
Interest receivable
Other In¢ome
Total Unrestri¢ted
funds
2023
2022
Other income
1,217

IWC CONVENTION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
Charitable actlvlties
Charitable Charitsble
Expenditure Expenditure
2023
2022
Room Hire
Car Parking
Event costs
6.425
500
18.617
7,452
750
19,062
25.542
27,264
Share of governan￿ cost$ (see note 7)
2,800
2.695
28.342
29,959
Support costs
Support Governance
costs
costs
2023
2022
Insuran
Computer costs
Sundry expenses
Bank charges
Professional fees
Support costs heading 6
426
246
36
178
1,000
350
426
246
36
178
1.000
350
375
279
408
171
1,000
Accountancy fees
564
564
462
2.800
2.800
2,695
Analysed between
Charitable activities
2,800
2.800
2,695
Trustse$
None of the Trustees (or any persons ¢onnected with them} re￿iVed any remuneration or benefits frcm the
Charity during the year.
Employees
The average monthly number of employees during the year was-.
2023
Number
2022
Number
Total
10

IWC CONVENTION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y2023
Employees
(Continued)
There We￿ no employees whose annual remuneration was more than £60,000.
10 Taxatlon
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxationof Chargeable Gains Act 1992 to the exlenl that these a￿ applied to ils charitable objects.
11 Debtors
2023
2022
Amounts falling due within one year:
Cofporation tax recoverable
Prepayments and accrued income
658
250
1.473
1,473
908
12 Creditors: amounts falling due within one year
2023
2022
Payments re￿iVed on account
Accruals and deferred income
7,035
4,827
7.859
7,859
11,862
13 Related party transactions
There were no disclosable related party transactions during the year12022 - none).
11