THE MUMS AT WORK NETWORK C.I.C.

Company limited by guarantee

Company Registration Number:
NI686552 (Northern Ireland)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

THE MUMS AT WORK NETWORK C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE MUMS AT WORK NETWORK C.I.C.

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The principal activity of the company during the year under review was Networking and business education. The Mums at Work Network (MAW) is a community interest company with strong social and community values.



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Christopher Norton
Susan Davidson


The director shown below has held office during the period of
1 April 2023 to 14 November 2023

Sinead Norton


The director shown below has held office during the period of
8 March 2024 to 31 March 2024

Danielle Norton


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
1 October 2024

And signed on behalf of the board by:
Name: Christopher Norton
Status: Director

THE MUMS AT WORK NETWORK C.I.C.

Profit And Loss Account

for the Period Ended 31 March 2024

2024 13 months to 31 March 2023


£

£
Turnover: 33,670 32,037
Cost of sales: ( 12,834 ) ( 14,712 )
Gross profit(or loss): 20,836 17,325
Distribution costs: ( 150 )
Administrative expenses: ( 23,249 ) ( 20,029 )
Other operating income: 9,600
Operating profit(or loss): (2,563) 6,896
Profit(or loss) before tax: (2,563) 6,896
Tax: ( 1,310 )
Profit(or loss) for the financial year: (2,563) 5,586

THE MUMS AT WORK NETWORK C.I.C.

Balance sheet

As at 31 March 2024

Notes 2024 13 months to 31 March 2023


£

£
Current assets
Debtors: 3 7,158
Cash at bank and in hand: 4,144 12,096
Total current assets: 11,302 12,096
Creditors: amounts falling due within one year: 4 ( 8,279 ) ( 6,510 )
Net current assets (liabilities): 3,023 5,586
Total assets less current liabilities: 3,023 5,586
Total net assets (liabilities): 3,023 5,586
Members' funds
Profit and loss account: 3,023 5,586
Total members' funds: 3,023 5,586

The notes form part of these financial statements

THE MUMS AT WORK NETWORK C.I.C.

Balance sheet statements

For the year ending 31 March 2024 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 1 October 2024
and signed on behalf of the board by:

Name: Christopher Norton
Status: Director

The notes form part of these financial statements

THE MUMS AT WORK NETWORK C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 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 is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: - the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; -the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; -the amount of revenue can be measured reliably; - it is probable that the economic benefits associated with the transaction will flow to the Company; and - the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

    Other accounting policies

    Trade and other debtors Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts. Trade and other 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. Foreign currencies The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound. Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the income and expenditure account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

THE MUMS AT WORK NETWORK C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 13 months to 31 March 2023
    Average number of employees during the period 3 3

THE MUMS AT WORK NETWORK C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Debtors

2024 13 months to 31 March 2023
£ £
Trade debtors 7,158
Total 7,158

THE MUMS AT WORK NETWORK C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024 13 months to 31 March 2023
£ £
Taxation and social security 1,310
Accruals and deferred income 8,279 5,200
Total 8,279 6,510

COMMUNITY INTEREST ANNUAL REPORT

THE MUMS AT WORK NETWORK C.I.C.

Company Number: NI686552 (Northern Ireland)

Year Ending: 31 March 2024

Company activities and impact

The Mums at Work Network (MAW) is a Community Interest Company with strong social and community values. MAW now has 5500 members from Northern Ireland and we continue to expand our membership on the UK mainland. Our mission is to help women sustain and grow their business and income by providing online and in-person events as well as a library of resources. This year we have provided: - Networking events across Northern Ireland in the form of relaxed Coffee and Connect events where members can get together and chat, bounce ideas off one another and feel less isolated as a business owner. There are approximately 4 meetings in various areas per month. - Training for our Network Ambassadors so that they can provide value to members. - Elevate Your Business conferences in the form of an evening event and one full day conference. These were exceptionally well attended and provided exceptional value for money to attendees in terms of learning and connections. - Weekly online networking facilitates those who are unable to attend in person events for various reasons.

Consultation with stakeholders

The members are the stakeholders of MAW and are regularly asked what aspects of the membership they value most and any areas they would like to see expanded. From this we have provided resources throughout the year to cover things such as use of social media and sales training. We also use this feedback as a basis for shaping future events.

Directors' remuneration

The total amount paid to directors in respect of qualifying services was £15,300. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
1 October 2024

And signed on behalf of the board by:
Name: Chris Norton
Status: Director