REGISTERED NUMBER: 06123099 (England and Wales)

Women In Mining

Unaudited Financial Statements

for the Year Ended 28th February 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

P Georget

Dr S H Gordon

Ms G M Jardine

Ms R E Speight

Ms L S Carroll

Mrs C L Leonida

Ms L V T Saunders

REGISTERED OFFICE:

48 Arwenack Street

Falmouth

TR11 3JH

REGISTERED NUMBER:

06123099 (England and Wales)

ACCOUNTANTS:

Hodgsons

Chartered Accountants

48 Arwenack Street

Falmouth

Cornwall

TR11 3JH

CURRENT ASSETS

Debtors

5

18,041

32,522

Cash at bank

179,032

109,503

197,073

142,025

CREDITORS

Amounts falling due within one year

6

(196,675

)

(141,555

)

NET CURRENT ASSETS

398

470

TOTAL ASSETS LESS CURRENT LIABILITIES

398

470

RESERVES

Income and expenditure account

398

470

398

470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th December 2025 and were signed on its behalf by:

Ms G M Jardine - Director

Dr S H Gordon - Director

1.	STATUTORY INFORMATION

Women In Mining is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

Straight line over 3 years and Straight line over 5 years

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

WIM UK is supported by corporate sponsorships and volunteers.

The financial statements, prepared on the going concern basis, assume that the Company has sufficient funds to continue in operational existence for the foreseeable future. Management have prepared budgets and forecasts and have, at the time of approving the financial statements, an expectation that the Company has adequate resources, including cash balances, to continue in operational existence for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st March 2024

2,282

Disposals

(834

)

At 28th February 2025

1,448

DEPRECIATION

At 1st March 2024

2,282

Eliminated on disposal

(834

)

At 28th February 2025

1,448

NET BOOK VALUE

At 28th February 2025

-

At 29th February 2024

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

17,500

32,014

Prepayments

541

508

18,041

32,522

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,442

6,880

Tax

-

95

Deferred income

192,713

134,580

Accrued expenses

2,520

-

196,675

141,555

7.	LIMITED BY GUARANTEE

The Company is limited by guarantee and does not have share capital.

Every member of the Company undertakes to contribute such amount as may be required (not exceeding one pound) to the assets of the company if it should be wound up whilst he/she is a member, for payment of the Company’s debts and liabilities contracted before he/she ceases to be a member and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves.

In the event of dissolution of the company, its remaining assets shall be disposed of by the directors in ways that further the aims of the Company.