The WOMENSTEC (Training, Enterprise & Childcare Centre)
Latest income
£1.1m
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that total charity funds decreased by £37,881 to £499,641, with unrestricted reserves standing at £373,400. The trustees consider the results for the year and the financial position to be satisfactory, noting that the charity has adequate resources to continue in operational existence for the foreseeable future. Financial risks remain significant due to limited investment in long-term income sustainability and rising operational costs, but controls are in place to monitor these challenges.
What the accounts disclose
Related-party transaction: The charity acts as lead partner for the Building Futures programme, receiving grant monies on behalf of Bolster Community and Women in Business NI. In the year ended 31 March 2025, £31,987 was due to Bolster Community and £14,341 to Women in Business NI.
“As lead partner on the Building Futures programme funded by the Department for Levelling Up, Housing & Communities, WOMEN’STEC receives grant monies on behalf of the Bolster Community and Women in Business NI. Of the total monies of £437,866 received and accounted for in the year ended 31 March 2025 (2024: £434,541), £31,987 was due to the Bolster Community (2024: £114,790l) and £14,341 to Women in Business NI (2024: £34,853). As lead partner on the Connect 4 Women programme funded by The National Lottery Community Fund, WOMEN’STEC receives grant monies on behalf of Shankill Women’s Centre and Glow. Of the total monies of £99,385 received and accounted for in the year ended 31 March 2025 (2024: £98,871) £6,973 was due to Shankill Women’s Centre (2024: £28,686) and £Nil to Glow (2024: £15,585). The Trustees’ Report explains that resources were secured for the Northern Ireland Women’s Budget Group (NIWBG) which WOMEN’STEC is incubating. In the year ended 31 March 2025, there was £49,458 of NIWBG income accounted for in WOMEN’STEC accounts (2024: £65,000). Funds unexpended at 31 March 2025 are carried forward as a reserve in case of loss or reduction of funding for NIWBG in the future.” — page 51
Per FY2025 accounts as filed with CCNI.
Related-party transaction: Womens'tec Non-Traditional Occupations Ltd is a dormant private company limited by guarantee with the same registered office address as and two common directors with The Womens Tec.
“As lead partner on the Building Futures programme funded by the Department for Levelling Up, Housing & Communities, WOMEN’STEC receives grant monies on behalf of the Bolster Community and Women in Business NI. Of the total monies of £437,866 received and accounted for in the year ended 31 March 2025 (2024: £434,541), £31,987 was due to the Bolster Community (2024: £114,790l) and £14,341 to Women in Business NI (2024: £34,853). As lead partner on the Connect 4 Women programme funded by The National Lottery Community Fund, WOMEN’STEC receives grant monies on behalf of Shankill Women’s Centre and Glow. Of the total monies of £99,385 received and accounted for in the year ended 31 March 2025 (2024: £98,871) £6,973 was due to Shankill Women’s Centre (2024: £28,686) and £Nil to Glow (2024: £15,585). The Trustees’ Report explains that resources were secured for the Northern Ireland Women’s Budget Group (NIWBG) which WOMEN’STEC is incubating. In the year ended 31 March 2025, there was £49,458 of NIWBG income accounted for in WOMEN’STEC accounts (2024: £65,000). Funds unexpended at 31 March 2025 are carried forward as a reserve in case of loss or reduction of funding for NIWBG in the future.” — page 51
Per FY2025 accounts as filed with CCNI.
Reserves policy: £184k (held: £373k)
“The charitable company has developed a plan to establish and maintain an agreed level of free reserves of £184k to cover 3 months’ salary and core running costs, a redundancy pay reserve and a reserve for final audit fees, leasing charges and other contingencies as at 31 March 2024.” — page 11
Per FY2025 accounts as filed with CCNI.
Independent examiner: HM Chartered Accountants
Per FY2025 accounts as filed with CCNI.