Charity registration number NIC100063 (Northern Ireland)
Company registration number NI042702
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
CONTENTS
Page
Legal and administrative information
1
Trustees' report
2 - 6
Independent examiner's report
7
Statement of financial activities
8 - 9
Balance sheet
10
Notes to the financial statements
11 - 21
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
LEGAL AND ADMINISTRATIVE INFORMATION
- 1 -
Trustees
Jennifer Farrant (Chairperson)
Adrian McKinney (Treasurer)
(Appointed 1 November 2025)
Cathy Malcolm (Secretary)
(Appointed 2 December 2024)
Lisa Taylor
(Appointed 2 December 2024)
Declan Norris
(Appointed 2 December 2024)
Samantha Mailey
(Appointed 2 December 2024)
Shibeal Maguire
(Appointed 2 December 2024)
Rebecca Lovell
Secretary
Cathy Malcolm
Charity number (Northern Ireland)
NIC100063
Company number
NI042702
Registered office
12 Bawnmore Place
Strathfoyle
Derry~Londonderry
BT47 6XP
Independent examiner
Moore (NI) LLP
21/23 Clarendon Street
Derry/Londonderry
BT48 7EP
Bankers
Bank of Ireland
27 Culmore Road
Derry/Londonderry
BT48 8JB
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

The trustees present their annual report and financial statements for the year ended 31 March 2025.

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 governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The objects of the charity as stated in the Memorandum of Association are to relieve poverty, to advance education and the preservation and protection of health specifically, but not exclusively, among women residing in the Strathfoyle and rural Derry areas and their environs by and in particular:

- associating the statutory authorities, community and voluntary organisations and the inhabitants in a common effort to advance education, and to provide facilities in the interests of social welfare for recreation or other leisure time occupation with the object of improving the conditions of life for the said inhabitants;

- the advancement of education, training or retraining, particularly among unemployed people, and providing unemployed people with work experience;

- the maintenance, improvement or provision of public amenities;

- the provision of assistance in the provision of recreational facilities for the public at large and/or those who, by reasons of their youth, age, infirmity or disablement, poverty or social and economic circumstances, have need of such facilities;

- the provision of public health facilities and childcare.

Our mission is to provide high quality individual, family and community support for people living in the Strathfoyle area. Central to this is the provision of a range of education and training opportunities, tailored in response to need and supported with high quality childcare. We also seek to influence and encourage other agencies to address social and economic needs and other specific issues facing the community. We prioritise working in partnership with others to achieve our strategic aims. We review our aims, objectives and activities each year to ensure that they remain focused on their stated purposes.

We provide a wide and varied program of activities and events to enable women to access opportunities for learning and development in a flexible and supportive environment. We provide childcare focused on the needs of the child, taking account of the needs of women from a wide range of backgrounds and experiences. We work in partnership with women’s organisations and other agencies in the North West, at a regional level and beyond, to influence positive change in the field of women’s equality, learning and development.

At Strathfoyle Women's Activity Group we aim to:

Educate

Working with local organisations and individuals, we provide educational facilities so that all our stakeholders have an equal opportunity to develop their full potential.

Support

We provide individual, family and community support to our stakeholders, offering the opportunity to make a brighter future for themselves and their children.

Develop Partnerships

We work together with a wide range of groups to maximise our ability to realise our mission.

Deliver Quality

We aim to deliver services that are of the highest quality, that are well planned and managed. We aim to be effective, efficient and accountable in all our work.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
Achievements and performance

During 2024/25 we delivered 36 capacity building education & training programmes to 529 participants and provided 63 childcare places each week. We delivered:

- A series of training programs implemented for staff, volunteers & board of directors. (Child Protection, First Aid, GDPR, Health & Safety, Manual Handling, Food Hygiene etc)

- Facilitated an Anxiety Management with CBT Programme

- Facilitated Positive Ageing Programmes to women aged 55+, one on a Monday and one on a Tuesday, offering Social Interaction, Creative Crafts, Armchair Aerobics and Holistic Therapies.

- Positive Ageing programme – Recreational Art

- Facilitated Nurturing Parenting Programme

- Facilitated Baby Massage

- Facilitated Baby Yoga

- Facilitated Baby Swim and Toddler swim

- Facilitated the MAS Programme

- Provided a Drop-in Respite Program for Families with additional needs

- Provided a weekly Jo Jingles Music & Movement program for young children & their parents/carers.

- Provided weekly sessions of Jingle Babies Music & Movement Program for babies & their parents/carers.

- Facilitated Little Glow Sensory Light session

- Facilitated Solid Start Weaning

- Facilitated Personal Success & Wellbeing

- Facilitated Cook it

- Facilitated Cooking with Airfryer

- Facilitated Cooking on a Budget

- Facilitated Mindfulness

- Facilitated Crochet

- Facilitated Henry – Healthy Start, Brighter Future programme

- Facilitated Creative Crafts

- Facilitated Chair Yoga (aged 60+)

- Facilitated Boxercise

- Facilitated One to One Counselling

- Facilitated Women’s Health & Wellbeing

- Facilitated Confidence & Self Esteem

- Facilitated Approaches to wellbeing

- Facilitated Paediatric First Aid

- Facilitated Introduction to Baking

- Facilitated Bump, Baby & Beyond

- Facilitated Connecting with your Child

- Facilitated Working With Children

- Facilitated Calm Kids

- Facilitated Keep Fit

- Facilitated Introduction to make Up

- Facilitated Introduction to Nail Art

- Facilitated Internet safety

- Provided Multisensory sessions to families with children with additional needs.

- Worked strategically with other women's centres and groups to develop a Regional Infrastructure.

- Contributed to consultations, external bodies and agencies on social economic and community development issues.

- Worked with other agencies to foster social and economic development.

- Worked in Partnership with Local Community Groups.

- Worked with health Visitors providing a weekly drop in clinic, and workshops on Toilet Training and Home Safety

STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -

We have also offered Creche for Courses and a Drop-in Respite Creche. We also offer a Parent and Child Together Programme which incorporates:

- 1 weekly session of Stay and Play (0-1yr) including messy play and sensory play sessions – ran for 30 weeks

- 1 weekly session of Stay and Play (Toddler group 1-4yr old) – ran for 30 weeks

- Trips - 2 trips to Playshed, 1 trip to Tropical World, Portrush and 1 trip to Belfast Zoo, 2 trips to Bounce House

We also held a Children’s Christmas Party at Brunswick Moviebowl and a Positive Ageing Programme Christmas Party at The Belfray Country Inn.

We provided transport for a Christmas Shopping Trip to Belfast.

We held a Community Welcome Day – offering Creative Crafts classes, Massages, Little Glow session, keep Fit Sessions, and Agel Card readings.

We had 92 children participating in childcare activities.

Financial review

The charity retained the continued support of its funders during 2024/25. Total income for the year was £205,452 of which £187,377 was generated from grant funding bodies and £18,075 from donations, course contributions and GP counselling services. Total expenditure by the charity was £186,376 all of which was spent on direct charitable activities. The balance on total funds at the year-end was £126,599, of which £32,911 were restricted and £24,225 were general unrestricted funds. Within unrestricted funds, £69,463 has been set aside as designated funds relating to expenditure incurred on tangible fixed assets.

Reserves policy

The Trustees consider it prudent to hold monies in reserve in the event that unforeseen circumstances should lead to financial difficulties which might put the future of its employment capacity, users’ well-being and general charitable work in jeopardy.

The Trustees have examined the charity's requirements for reserves in light of the main risks to the organisation and established a formal policy which stipulates that free reserves be maintained at a level which ensures that the charity's core activity could continue during a period of unforeseen difficulty. Free reserves are defined by the Trustees as unrestricted income funds freely available for use as the charity so determines and thereby excludes any funds committed, invested in tangible fixed assets held by the charity and restricted or designated funds.

The Trustees’ policy is that the amount of free reserves should reflect three months’ of operating costs. The Trustees consider that reserves at this level will ensure that in the event in a significant drop in funding, they will be able to continue the charity's current activities whilst consideration is given to ways in which additional funds may be raised. The Trustees' assess that three month's of operating costs amounts to approximately £55,000. Free reserves as at 31st March 20 25 are £18,170. The Trustees continue to strive to build a general level of reserves in accordance with their policy so that they will be able to continue the current activities of the charity. In the short term, the Trustees have also considered the extent to which existing activities and expenditure should be curtailed, should circumstances arise.

Risk Management

The Trustees are aware of the major risks to which the charity is exposed. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Internal control risks are minimised through the procedures for authorisation of all transactions and projects. Procedures are periodically reviewed to ensure that they continue to meet the needs of the charity. Procedures are also in place to ensure compliance with health and safety of staff, volunteers and clients. The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -

Plans for the future

Strathfoyle Women’s Activity Group Ltd, was established in July 1986, aims “to relieve poverty, to advance educational opportunities and to provide better health and welfare through the provision the provision of facilities and activities for women, lone parents and pre-school children of Strathfoyle and Maydown.” Our project is designed to empower individuals while building their capacity to enable them to participate in training events and development activities and health events. The long-term outcome being that their self-esteem, self awareness and confidence is raised equipping them to become reintegrated into the labour market, also in doing this we aim to break down the barriers to participation, i.e. Crèche facilities being available for all day-time activities to enable women to participate. We offer accredited and non-accredited programmes and offer services such as personal and professional development leading to a rise in self-esteem, self awareness and confidence which often is the first step to empowerment.

Structure, governance and management

Governing document

Strathfoyle Women's Activity Group is a company limited by guarantee and accepted as charitable by HMRC under reference XR15202/1. The company was incorporated on 14th March 2002. The company was established under a Memorandum of Association which established the objects and powers of the company, and is governed by its Articles of Association. The liability of members is limited in that every member of the company undertakes to contribute an amount not exceeding £1 in the event of the company being wound up.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Jennifer Farrant (Chairperson)
Adrian McKinney (Treasurer)
(Appointed 1 November 2025)
Cathy Malcolm (Secretary)
(Appointed 2 December 2024)
Lisa Taylor
(Appointed 2 December 2024)
Declan Norris
(Appointed 2 December 2024)
Samantha Mailey
(Appointed 2 December 2024)
Shibeal Maguire
(Appointed 2 December 2024)
Patricia Anne Simpson
(Resigned 1 December 2024)
Josh Willis
(Resigned 27 June 2024)
Hester Clarke
(Resigned 27 November 2024)
Rachael Ferguson
(Resigned 1 November 2025)
Elizabeth Dixon
(Resigned 27 November 2024)
Carla Linton
(Resigned 1 November 2025)
Rebecca Lovell

Recruitment and appointment of the Trustees

All members of the board shall retire annually but shall be eligible for election or appointment again. Nominations from members of the group for membership of the board must be in writing and must be in the hands of the designated officer at least seven days before the AGM.

Under the requirements of the Memorandum and Articles of Association unless otherwise determined by the company in General Meeting the number of Trustees shall not be less than four. Trustees are elected to serve only until the next Annual General Meeting at which they shall then be eligible for re-election. All members of the Board of Trustees give their time voluntarily and received no benefits from the charity.

Organisation Structure

The charity is administered by a Board of Trustees who are responsible for the strategic direction and policy of the company. Board members are from a variety of professional backgrounds relevant to the work of the charity. The board as a whole was approved by the AGM and continues to monitor its membership. The Board has appointed a management team to manage the day to day operations of the charity.

STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
Statement of trustees' responsibilities

The trustees, who are also the directors of Strathfoyle Women's Activity Group Ltd for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees' r eport was approved by the Board of Trustees.

Jennifer Farrant (Chairperson)
Adrian McKinney (Treasurer)
Trustee
Trustee
Dated: 30 January 2026
Dated:30 January 2026
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
- 7 -

We report on the accounts of the charity for the year ended 31 March 2025, which are set out on pages 8 to 21.

Respective responsibilities of trustees and examiner

The trustees, who are also the directors of Strathfoyle Women's Activity Group Ltd for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.

Having satisfied ourselves that the charity is not subject to audit under company law, and is eligible for independent examination, it is our responsibility to:

(i)

examine the accounts under section 65 of the Charities Act

(ii)

follow the procedures laid down in the general directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act

(iii)

state whether particular matters have come to our attention.

Basis of independent examiner's report

We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

Our role is to state whether any material matters have come to our attention giving us cause to believe:

1. That accounting records were not kept in accordance with section 386 of the Companies Act 2006

2. That the accounts do not accord with those accounting records

3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland

4. That there is further information needed for a proper understanding of the accounts to be reached.

Independent examiner's statement

We can confirm that we are qualified to undertake the examination because we are registered members of Chartered Accountants Ireland which is one of the listed bodies.

We have completed our examination and have no concerns in respect of any of the matters (1) - (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, we have found no other matters that require drawing to your attention.

Moore (NI) LLP
21/23 Clarendon Street
Derry/Londonderry
BT48 7EP
Dated: 30 January 2026
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
Current financial year
Unrestricted
Unrestricted
Restricted
Total
Total
funds
funds
funds
general
designated
2025
2025
2025
2025
2024
Notes
£
£
£
£
£
Income from:
Donations and legacies
3
11,847
-
-
11,847
27,251
Charitable activities
4
6,092
-
187,377
193,469
180,007
Investments
5
136
-
-
136
109
Total income
18,075
-
187,377
205,452
207,367
Expenditure on:
Charitable activities
6
15,286
2,708
168,382
186,376
223,917
Total expenditure
15,286
2,708
168,382
186,376
223,917
Net income/(expenditure) and movement in funds
2,789
(2,708)
18,995
19,076
(16,550)
Reconciliation of funds:
Fund balances at 1 April 2024
21,436
72,171
13,916
107,523
124,073
Fund balances at 31 March 2025
24,225
69,463
32,911
126,599
107,523

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
Prior financial year
Unrestricted
Unrestricted
Restricted
Total
funds
funds
funds
general
designated
2024
2024
2024
2024
Notes
£
£
£
£
Income from:
Donations and legacies
3
27,251
-
-
27,251
Charitable activities
4
12,731
-
167,276
180,007
Investments
5
109
-
-
109
Total income
40,091
-
167,276
207,367
Expenditure on:
Charitable activities
6
45,374
2,708
175,835
223,917
Total expenditure
45,374
2,708
175,835
223,917
Net income and movement in funds
(5,283)
(2,708)
(8,559)
(16,550)
Reconciliation of funds:
Fund balances at 1 April 2023
26,719
74,879
22,475
124,073
Fund balances at 31 March 2024
21,436
72,171
13,916
107,523
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
12
75,518
78,642
Current assets
Debtors
13
6,334
10,314
Cash at bank and in hand
64,512
37,575
70,846
47,889
Creditors: amounts falling due within one year
14
(19,765)
(19,008)
Net current assets
51,081
28,881
Total assets less current liabilities
126,599
107,523
The funds of the charity
Restricted income funds
17
32,911
13,916
Unrestricted funds - general
24,225
21,436
Unrestricted funds - designated
16
69,463
72,171
126,599
107,523

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 March 2025.

The directors acknowledge their responsibilities 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 its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the trustees on 30 January 2026
Jennifer Farrant (Chairperson)
Adrian McKinney (Treasurer)
Trustee
Trustee
Company registration number NI042702 (Northern Ireland)
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 11 -
1
Accounting policies
Charity information

Strathfoyle Women's Activity Group Ltd is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 12 Bawnmore Place, Strathfoyle, Derry~Londonderry, BT47 6XP.

1.1
Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside for use for a specific purpose.

Restricted funds are subject to specific conditions by donors or grantors 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.

1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 12 -

Expenditure on charitable activities includes the costs of services undertaken to further the purposes of the charity and their associated support costs. Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% per annum straight line
Office equipment
20% per annum straight line
Computers
20% per annum straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions 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 to set 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 financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 13 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10
Taxation

The company is a charity and is recognised as such by HM Revenue and Customs under the charity tax reference XR15202/1. As a result, there is no liability to taxation on any of its income.

1.11
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to 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.

3
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Donations and gifts
11,847
27,251
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 14 -
4
Income from charitable activities
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Charitable activities
GP counselling services
4,482
-
4,482
11,520
-
11,520
Maternal advocacy support services
1,610
-
1,610
1,211
-
1,211
Grant funding
-
187,377
187,377
-
167,276
167,276
6,092
187,377
193,469
12,731
167,276
180,007
Analysis of grant funding
Charitable activities
Charitable activities
2025
2024
£
£
Dept for Social Development - CIF
48,228
41,376
Dept for Social Development - WCCF
14,002
13,771
BBC Children in Need
26,469
29,606
NI Housing Executive - SPOD
18,905
19,771
Garfield Weston
-
10,000
National Lottery - Awards for All
20,000
-
Derry City & Strabane District Council
3,182
4,000
RAPID
1,770
1,150
Pathway Fund
29,000
27,000
RTE Toy Appeal
9,976
-
Other
15,845
20,602
187,377
167,276
5
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Interest receivable
136
109
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 15 -
6
Expenditure on charitable activities
Charitable activities
Charitable activities
2025
2024
£
£
Direct costs
Staff costs
123,175
136,072
Depreciation and impairment
3,124
3,124
Education, training and childcare programme costs
36,501
48,515
Office admin costs
10,310
12,529
Power, heat and light
4,838
5,818
Mainteance and cleaning
981
2,335
Other costs
5,047
13,364
183,976
221,757
Share of support and governance costs (see note 7)
Governance
2,400
2,160
186,376
223,917
Analysis by fund
Unrestricted funds - general
15,286
45,374
Unrestricted funds - designated
2,708
2,708
Restricted funds
168,382
175,835
186,376
223,917
7
Support costs allocated to activities
2025
2024
£
£
Governance costs
2,400
2,160
Analysed between:
Charitable activities
2,400
2,160
8
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
2,400
2,160
Depreciation of owned tangible fixed assets
3,124
3,124
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 16 -
9
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
10
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
4
5
Employment costs
2025
2024
£
£
Wages and salaries
110,650
122,163
Social security costs
4,814
5,435
Other pension costs
7,711
8,474
123,175
136,072
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2025
2024
£
£
Aggregate compensation
74,590
74,427
11
Taxation

The charity is exempt from tax ation on its activities because all its income is applied for charitable purposes.

STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 17 -
12
Tangible fixed assets
Freehold land and buildings
Office equipment
Computers
Total
£
£
£
£
Cost
At 1 April 2024
135,376
88,003
5,070
228,449
At 31 March 2025
135,376
88,003
5,070
228,449
Depreciation and impairment
At 1 April 2024
57,980
86,757
5,070
149,807
Depreciation charged in the year
2,708
416
-
3,124
At 31 March 2025
60,688
87,173
5,070
152,931
Carrying amount
At 31 March 2025
74,688
830
-
75,518
At 31 March 2024
77,396
1,246
-
78,642
13
Debtors
2025
2024
Amounts falling due within one year:
£
£
Debtors
6,334
8,432
Other debtors
-
1,882
6,334
10,314
14
Creditors: amounts falling due within one year
2025
2024
£
£
Other taxation and social security
2,624
2,527
Other creditors
4,099
2,689
Accruals and deferred income
13,042
10,469
19,765
15,685
15
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
8,474
9,086

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 18 -
16
Unrestricted funds - designated

These are unrestricted funds which are material to the charity's activities.

At 1 April 2024
Resources expended
At 31 March 2025
£
£
£
Designated Property Assets Fund
72,171
(2,708)
69,463
Previous year:
At 1 April 2023
Resources expended
At 31 March 2024
£
£
£
Designated Property Assets Fund
74,879
(2,708)
72,171

Designated funds represent funding received by the charity to build an extension to the property at 12 Bawnmore Place, Strathfoyle. A sum equivalent to the depreciation charge on the extension is allocated each year to the designated fund, until it is fully amortised.

17
Restricted funds

The restricted funds of the charity compri se the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be use d.

At 1 April 2024
Incoming resources
Resources expended
At 31 March 2025
£
£
£
£
Dept for Social Development - CIF
-
48,228
(48,228)
-
Dept for Social Development - WCCF
-
14,002
(14,002)
-
BBC Children in Need
3,112
26,469
(26,375)
3,206
NI Housing Executive - SPOD
160
18,905
(19,065)
-
Pathway Fund
277
29,000
(29,277)
-
Garfield Weston
3,900
-
(3,900)
-
Derry City & Strabane District Council
-
3,182
(3,182)
-
RAPID
90
1,770
(1,770)
90
National Lottery - Awards for All
-
20,000
-
20,000
Department for Communities
1,500
-
(269)
1,231
Early Years - CRSF
1,338
-
(1,338)
-
Halifax Foundation NI
-
4,960
(3,914)
1,046
RTE Toy Appeal
-
9,976
(6,177)
3,799
CDHN Elevate
-
4,000
(4,000)
-
The American Ireland Fund
3,539
-
-
3,539
Other Restricted Funds
-
6,885
(6,885)
-
13,916
187,377
(168,382)
32,911
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17
Restricted funds
(Continued)
- 19 -
Previous year:
At 1 April 2023
Incoming resources
Resources expended
At 31 March 2024
£
£
£
£
Dept for Social Development - CIF
1,274
41,376
(42,650)
-
Dept for Social Development - WCCF
-
13,771
(13,771)
-
BBC Children in Need
3,113
29,606
(29,607)
3,112
NI Housing Executive - SPOD
-
19,771
(19,611)
160
Pathway Fund
277
27,000
(27,000)
277
Garfield Weston
-
10,000
(6,100)
3,900
RAPID
1,360
1,150
(2,420)
90
Community Foundation NI
-
8,500
(8,500)
-
Department for Communities
-
1,500
-
1,500
Early Years - CRSF
1,338
-
-
1,338
Halifax Foundation NI
2,437
-
(2,437)
-
The Steele Charitable Trust
5,565
-
(5,565)
-
DCSDC - Learning Cities
-
4,000
(4,000)
-
The American Ireland Fund
3,539
-
-
3,539
The National Lottery Community Fund
1,647
-
(1,647)
-
Other Restricted Funds
1,925
10,602
(12,527)
-
22,475
167,276
(175,835)
13,916

Analysis of material restricted funds

Dept. for Social Development – Community Investment Fund (CIF)

Funding in respect of Centre Manager and Admin/Finance Officer salaries and running costs incurred in the delivery of the Community Investment Fund programme.

Dept. for Social Development – Women Centre Childcare Fund (WCCF)

Funding towards salary costs of a childcare co-ordinator and running costs associated with the provision of childcare services.

BBC Children in Need

Funding for the salary of a respite childcare worker and other running costs for the provision of a drop in childcare service for vulnerable children.

NI Housing Executive – Small Pockets of Deprivation (SPOD)

Funding provided for the delivery of educational training programmes, general running costs and overheads, and office and crèche equipment.

The Pathway Fund

Funding towards salary costs of a childcare co-ordinator.

The Garfield Weston Foundation

Funding towards salary costs for childcare assistant.

The National Lottery Community Fund

Funding towards the delivery of educational training programmes and general running costs and overheads.

STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17
Restricted funds
(Continued)
- 20 -

The Steele Charitable Trust

Funding towards the salary costs for the provision of a childcare worker.

Keadue Community Grants Fund

Funding towards the salary costs for the provision of a childcare worker.

18
Unrestricted funds

The unrestricted funds of the charity compri se the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be use d. The se include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2024
Incoming resources
Resources expended
Transfers
Gains and losses
At 31 March 2025
£
£
£
£
£
£
General funds
21,436
18,075
(15,286)
-
-
24,225
Previous year:
At 1 April 2023
Incoming resources
Resources expended
Transfers
Gains and losses
At 31 March 2024
£
£
£
£
£
£
General funds
26,719
40,091
(45,374)
-
-
21,436
19
Analysis of net assets between funds
Unrestricted
Unrestricted
Restricted
Total
funds
funds
funds
general
designated
2025
2025
2025
2025
£
£
£
£
At 31 March 2025:
Tangible assets
6,055
69,463
-
75,518
Current assets/(liabilities)
18,170
-
32,911
51,081
24,225
69,463
32,911
126,599
Unrestricted
Unrestricted
Restricted
Total
funds
funds
funds
general
designated
2024
2024
2024
2024
£
£
£
£
At 31 March 2024:
Tangible assets
6,471
72,171
-
78,642
Current assets/(liabilities)
14,965
-
13,916
28,881
21,436
72,171
13,916
107,523
STRATHFOYLE WOMEN'S ACTIVITY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 21 -
20
Financial commitments, guarantees and contingent liabilities

Certain grants received and receivable may become repayable to the funder if the charity is no longer able to meet the conditions under which they were awarded. Due to the nature of these contingencies it may not be possible to quantify the potential financial effect or give an indication of the timing as to the liabilities that may arise.

21
Events after the reporting date

There are no significant events affecting the charity since the reporting date.

22
Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

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