WOMEN IN MINING

Company limited by guarantee

Company Registration Number:
06123099 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

WOMEN IN MINING

Contents of the Financial Statements

for the Period Ended 28 February 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

WOMEN IN MINING

Directors' report period ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Principal activities of the company

The principal objective of the company is to promote the employment, retention and advancement of women in the mining and minerals industry. Our strategy is based on three pillars: inspire, advocate, and network. To support our mission, we undertake a range of initiatives, activities and events. Created in 2006, WIM UK has over 2,000 members from all corners of mining-related businesses and professions and a 40-strong volunteer base that supports the organisation. Membership is free and everyone in the mining industry is welcome, regardless of gender or location.

Political and charitable donations

There were no political contributions in the year and no charitable contributions during the year (2022 - £Nil and £Nil respectively).

Additional information

Going concern. The financial statements have been prepared on the going concern basis. Refer to Note 2, and the directors are confident that the Company has sufficient financial resources to withstand economic impacts. Directors' responsibilities. The directors are responsible for preparing the report of the directors and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice United Kingdom Accounting Standards and applicable law. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that year. In preparing these financial statements, the directors are required to select suitable accounting policies and then apply them consistently, make judgements and accounting estimates that are reasonable and prudent, state whether they have been prepared in accordance with United Kingdom Generally Accepted Accounting Practice and prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. In accordance with the company's memorandum of association, the directors do not recommend the payment of a dividend.



Directors

The directors shown below have held office during the whole of the period from
1 March 2022 to 28 February 2023

Ms Carole Cable
Dr Stacy Amanda Anne Hope
Ms Judith Mosely


The directors shown below have held office during the period of
1 March 2022 to 7 October 2022

Ms Kay Ellen Consolver
Mr Dale Glynne Williams


The directors shown below have held office during the period of
7 October 2022 to 28 February 2023

Dr Sarah Helen Gordon
Ms Rachel Elizabeth Speight


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 March 2024

And signed on behalf of the board by:
Name: Ms Carole Cable
Status: Director

WOMEN IN MINING

Profit And Loss Account

for the Period Ended 28 February 2023

2023 2022


£

£
Turnover: 106,401 58,050
Cost of sales: ( 106,401 ) ( 58,522 )
Gross profit(or loss): 0 (472)
Operating profit(or loss): 0 (472)
Interest receivable and similar income: 1
Profit(or loss) before tax: 0 (471)
Tax: 471
Profit(or loss) for the financial year: 0 0

WOMEN IN MINING

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 161 499
Total fixed assets: 161 499
Current assets
Debtors: 4 484 3,617
Cash at bank and in hand: 115,408 181,792
Total current assets: 115,892 185,409
Creditors: amounts falling due within one year: 5 ( 115,583 ) ( 174,511 )
Net current assets (liabilities): 309 10,898
Total assets less current liabilities: 470 11,397
Creditors: amounts falling due after more than one year: 6 0 ( 10,927 )
Total net assets (liabilities): 470 470
Members' funds
Profit and loss account: 470 470
Total members' funds: 470 470

The notes form part of these financial statements

WOMEN IN MINING

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 March 2024
and signed on behalf of the board by:

Name: Ms Carole Cable
Status: Director

The notes form part of these financial statements

WOMEN IN MINING

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents sponsorship income received from corporate sponsors. Sponsorship income is recognised in the period in which the corresponding expenditure is incurred. WIM UK has sponsorship agreements with its main corporate sponsors. Sponsorship provided under these agreements is to be applied against the costs of running the network and may be deferred for future periods. This income is set against the specific costs relating to the relevant event. Where the costs of specific events exceed the sponsorship received for the event, the additional costs are set against the general sponsorship income received by the network.

    Tangible fixed assets depreciation policy

    All additions to fixed assets are stated at cost. Depreciation is calculated using the straight-line method to allocate the cost of the fixed asset net of residual values, over the estimated useful life as follows Office equipment - 3-5 years.

    Other accounting policies

    Current and deferred taxation - The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits, Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met, and Where timing differences relate to interests in subsidiaries, associates, branches and joint ventures and the group can control their reversal and such reversal is not considered probable in the foreseeable future. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. Debtors - Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Cash and cash equivalents - Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Creditors - Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Financial instruments - The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

WOMEN IN MINING

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

WOMEN IN MINING

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2022 2,282 2,282
Additions
Disposals
Revaluations
Transfers
At 28 February 2023 2,282 2,282
Depreciation
At 1 March 2022 1,783 1,783
Charge for year 338 338
On disposals
Other adjustments
At 28 February 2023 2,121 2,121
Net book value
At 28 February 2023 161 161
At 28 February 2022 499 499

WOMEN IN MINING

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Debtors

2023 2022
£ £
Prepayments and accrued income 484 458
Other debtors 3,159
Total 484 3,617

WOMEN IN MINING

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 2,210 2,999
Accruals and deferred income 113,373 171,512
Total 115,583 174,511

WOMEN IN MINING

Notes to the Financial Statements

for the Period Ended 28 February 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 0 10,927
Total 0 10,927