• Sllsto • Cllffclle SISTER CIRCLE LTD. ANNUAL REPORT Board of Trustees, Annual Financial Statement, year ending March 31st 2023 REGISTERED OFFICE: THE BRADY CENTRE 192-196 HANBURY sfREEf LONDON EI SHU Iiiiiniiii *ACIA4F20• 1311212023 COMPANIES H(KJSE A07 24 CHARITY REGISTRATION NO. 103J764 COMPANY REGISTRATION NO. 289T150
SISTER CIRCLE LTD. Trustees, reports for the year ended 31th March 2023 THE DIRECTORS. WHO ARE ALSO TRUSTEES. PREsEr THEIR REPORT AND AUDITED ACCOUNTS FOR THE FINANCIAL YEAR ENDED 31ST MARCH 2023. DIRECTORSffRUSTEES: ANNIE KARLIN (CHAIR) DONG CHEN ITREASURER) AYA4N GULAID ALISHA ESMAIL CAMILLA HAMPTON CHARLENE CHANDRASEKARAN JOANNA FOWLER KATHERINE BRINTWORTH WENDY OLAYIWOLA CHIEF EXECUTIVE.. KAREN WINT INDEPENDENT EXAMINER: GOLDWINS CHARTERED ACCOUNTANTS 75 MAYGROVE ROAD LONDON NW6 2EG BANKERS: CAF BANK 25 KINGS HILL WEST MALUNG KENT ME19 LIQ REGISTERED OFFICE: THE BRADY CENTRE 192-196 HANBURY STREEr LONDON E15HU CHARITY REGISTRATION NO. 1033764 COMPANY REGISTRATION NO. 2897150
SISTER CIRCLE LTD. Trustee5' reports for the year ended 31th March 2023 The Bod of Trust$, who are s0 Direct(Ks for the wrposes of company law. are pleased to be presenting their annu8J report fvwncial statements for the year ending Marth 31st 2023. Structure, Governance. Management and GovemirG cAxment SISTER CIRCLE is a regiered charity crynpany limited by guarantee. incorporated on the14th February 1999, with a MemorarKlum of Association thich established rt)jects and powers of the charitthe eompany,. and is govemed urKJer its Artic of Assockatton. In the event. of the corrpany being wound up, members are required to contribute an annt not exceediro one The charity was formerly krM)wn &s Wc'S Health Family Services and Tebranded in 2023. There were no changes to the Goverrir¥J docLmm¢ntstion for chartty at the dats of iswe of tlis AMLAII R9POrt. RecNilment and responsitxlihes of Trustees The company is govemed by a Board of Directors who are also krvm as Tnjstees for th8 purposes of charity law and under the company's Artic of Association are knovm members of Marpgement Committee. of Trustee ffeetings need at least thr99 Trustees, for a qucffum. Recruitment is by advertisement fvough nationJ websites, and by neThrking and targetiThJ specfflc grpS to attract a dwerse Trustees, meTrShiP th expertise arKJ experierw relevant to the advancement of the charity's rn10n. The Trustees have the pow to co-opt members to fill specialist roles. The Trustees are resEx)nsible settj'ng the strat89¢ dirtion of the organisation, policy develow)ent. senior staff recrLAtment and financial management. There are eventlY nine Trustees from a vartety of professiond backgrounds to swport the delrvery and success of the charity. Risk Management A risk register is reWed at each Board meetirvJ wPich inclLNJes strategies to manage risk, thk% includes financi reporting. The Board receNes vrritten reports as wel as presentations made by the Chief Executive stsff to ensure transparerw good goverr)arte. Statement on Public Bgngfit The Trustees eonfirm that Ilw have complied the Charity Commission's generai guKlarcg on public benefit and that the purpose and aims of SISTER CIRCLE are for the greater good. All our charttable activities focus on empowering women wtth kTredge and confidence to develop socid connections. access the health services they need to improve the he8Jth and wdlb&n9 themsthes and their family and prevent futuie harmful practices.
SISTER CIRCLE LTD. Trustees. report5 for the year ended 31th March 2023 The Charity's Vision Every woman has access to the hethcare servTrces she needs to have good mental, physical arKJ social wellbeing to thrive. Our Objectives SISTER CIRCLE is a multi-cultural ctjmmunty health charty with a long history of working closely wtrth the disadvantaged ethnic rrinority women and their families in East Lond¢)n. to improve their health and wellbeing in a meaningful and sustainable way. by them the gjpport and confidence they need to do it for themselves. Onè of the key ways we do this. is to train local volunteers to support women through pregnancy or when they have experienced female genita cuttirKJ. We believe. a relationship between one woman and another who finds herself living with multiple compxIt1e$, can be transforming for both women. It can lead to each empoweriry themselves to create change arKI in tum. building locd comrwnty capacity. The charty's objectives are: al To advance education. knowledge and empOwerTrt amongst women residents in Tower Hamlets and other East London boroughs, across all coMrwnit, before. during and after pregnY and suNv¢ys of Femde Gw)ital Cutting IFGC>. bl To preserve and protect the Wth of wthatxtants of the London Borwh of Tower Hamlets and elsewhere. cl To promote equality and diversity by challenging discrimination and encouraging services to meet the diverse needs of the local communits'es" the sharing of experiences in order to bring about equdity in health and wellbeing. and good relatnStrps across locd communities. which often includes employment aJK4 further e¢tiOn in healthe.
SISTER CIRCLE LTD. Trustees. reports for the year ended 31th March 2023 Maternity Mates Tailored 1:2:1 antenatal, labour, birth and posnatal support (6-12 weeks). Delivered by trained local voLunteers with shared experiences, cultural and social knowledge. Our programme is integrated within maternity service, working closely with maternity teams across Bart's Health NHS Trust, acting as a bridge between pregnant women and maternity services. Our Maternity Mates are there for pregnant women who find themselves struggling due to difficult circumstances. We listen, and we support them with whatever they need Her Health Tailored 1:2:1 health advocacy support (two languages) integrated within Slyvia Pankhurst Clinic, Mile End Hospital, for over eight years. Survivors of female genital cutting who are pregnant and non-pregnant receive tailored support. A Women's Conversation Cafe (sexual and reproductive health} provides six week educational sessions with health specilaists. A secure and safe space for women to share their experiences. Supporting women to access gyneacological serrfices: Cervical screening, menopause clinic. psychosexual counselling services. Healing Conversations Trauma Counselling for women who have experienced gender absed violence and other foms fo trauam with counsellors. This is delrvered in four languages. ensuring as many women as possible, in need of counselling can access this support. Peer SLPPOrt for worrEn wF¥) have experienced birth traLTha arKI pregnancy loss. led by volunteers and staff with shared experiences. Wotking in paTtr*rsh'p with OCEAN service aat East London Foundation Trust.
SISTER CIRCLE LTD. Trustees. reports for the year ended 31th March 2023 weln9 of Employees a1 Vdunteers The Board of Tnjstees take the wellbeir¥J of the ctrtarity's enTAoyees and volunteers seriously and have continued to invest in the provision of a dedicated spaces specidists for t(Jth employees volunteers. Qkjr traurna couselors IHea&ng converSatK progra) we avaiktAe 0-to-OThe 5ppt. Secondary trauma is a rety when support others vjith conwex Ives as employees and volutnegrs do. We trialed Ipaidl wollbwng twng off for each erybye8 aKI together wilh thè erwAoy8es designed a permanènt ofFer to rrt their needs. We would like to take ttis opFortLmty to THANK: our volunteers for their passiM, commitrnent and dedIcatic. We ccwld simply could not reach and support the women who need extra support at Critic times in lives. vut our volunteers. • our staff have worked tirew to our pr ret the needs ol the wcxnen we swport. the women who d&Jicat8 their to tyro deli1r9 ¢Jutsknthng trair¥rvJ lor our v(4utneers.
SISTER CIRCLE LTD. Trustees, reports for the year ended 31th March 2023 OVERALL FINANCIAL RP4llEW Funding for overheads continues to be challengi)g, ccmbined with cost of liviro and increases in nt of our office space, the pressure is red for a smdl charity like ours. Our actual income during the year was £616.936 (2022: £521.9691 and the actu expenditure was £656,03812022.. £493.2421. The totd funds available to the charty is £319.681 of which £187,150 are restricted. £40,000 are designated and £92,531 are unrestricted reserves. The reserves are ne to meet the working revenue requirements of the charity. The cuffent level of reserves is E132.531. Reserves policy Thp. Tryistees have examined the charity'b requirements tor reserves considering the main risks to the organisation resultirvJ from shortfall in funding and time expired project. that are not refunded. They have established a policy whereby any surplus ar)d unrestricted funds held should be beeen 3 and 6 months operating costs. Sufficient reswves are needed to ensure that projects are TKIt hampered by delays in receiving grant income and to fund any reveThJe shortfal. There is also the need to bear the cost of cover the lTri es of matemty leave and redundancies which. in a not-for-profit charity, are never funded by grants or contracts. In addtion to this. the charty has a commitment to trying to pay its stsff appropriate arleS for the work undertaken. Commissioning contracts do not dlow for tkus approach. therefore dternatNe financing appraoches will be required in the coming years. We would like to be in a position to increase our reserves. to 2ther the unexpected eventualities., and investment in strengthening the organisation's capacty and Capabiltties. for expansion to reach more women with support programmes. Income fundrrising This year. we focussed our efforts on strenghtening the capacty of the charity. enhan¢ing aspects of our programmes and solidify pro(kntive partnerships wsth other organisations to enahn the support we provide to women. We are grateful to our funders for r contiwed support and to wr new supporters for CsIr Sister Circle.
SISTER CIRCLE LTD. Trustee5' reports for the year ended 31th March 2023 Statement of Tnjstees and Directors Responsibilities The Trustees are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with the applicable law and Unrted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Charity law requires the Trustees to prepa financial statements for each financial year that give a true and fair view of the stste of affwrs of the charity and of the ircoming resources and application of resources of the charty for the year. In preparing those financi statements the Trustees are required to: select suitable accounting poliaes and then apply them corIsten. observe the meth¢xls and principles in the Charities SORP; make judgments and accounting estimates that are asOnable and prudent. prepare the financia statements on the going concem basis unless it is InapproAt8 to presume that the charity will continue in LXJSir. They are also responsible for safeguarding tre assets of the charity arKJ here for taking reasonable steps for the prevention and detection of fraud and other irregularities. The charity has a safeguarding policy and conduct safeguarding training. trustees review the policy on an blaTla1 basis. Approved by the board of trustees 29n112023 and on behalf by: Annie Karlin (Chair) Dong Chen (Treasurertrrustee)
SISTER CIRCLE LTD. (Previously known as Women's Health and Family Services) Independent examinerfs report For the year ended 31st March 2023 I reFt on the chartty trustees w ry eXarrTraJn of the aCcnts of the Crynpany for the year ended 31 March 2023. ReSponSilItieS and basis of rewt As the chartty's trustees of thg Company larKI also its directors lor the purposes of cowy lawl you are responStr) for thH pipparatlon of tts3 dLLxJunts in accixdance wilh Ihy rwuirWts of the CompaThe5 Acl 20061'th8 2¢X)6 AG'I,). Having saiisfied myself that the accounts of tre Company we not reryAred to be aLJited Lfftder Part 16 of the 2006 Act and are eliglble for independent exam1iatl, I reiffi In respect of my examintion of your charity's accounts as carrd Olrt under section 145 of the Charttres Act 20111.the 2011 Act'l. In cany1 out my examw)ation I have fdlowed the Directions given by Charity Cornmiss( Sect 145151 Ibl of the 2011 Act. Independent exninerfs statement Slne.e the Companrfs gross incomp. exceeded £250.000. I confirm that l am quafrfied to undertake the examination because l am a member of the ICAEW. which is one ol the listed bodies. I tiavp r:nrnrAted my p.xaiTNnation. I confirm thai rK) rndtters have. cor1 lo my 4rttwrtl1 iii LV[lILIi0n with tsi oxprnination giviro me cause to believe". 1. accixintirg records werè Thjt kept in respect of ts Cryny as reqbired by Sect 386 of the 2006 Act" or 2. the acccunts do not accord wrth those records" or 3. the accounts do not cOmY wth the acC(tIr requirements of section 396 of the 2006 Act otr than Y requirement that tr accounts give a 'true and fair wew v4hidi is not a ntter congdered as part of an Ir)depdent examination., or 4. the accounts have not been prgpwed acd9 Vth thLF liw115 and nci*S of Stateinent of R¥Lommended Pra¢tlkne f(K and reportiw by thariti6)- appcable to dwritros preparin9 thr accounts in a•ftordance wth thK.& Bnanr.ial ReFyNting.St¥rfard a)1 in tl¥J LIK anA of Irelar¥J (FRS 1n?i. I hav6 no concems havè tome across no other matters in cOntIOn wtth the examination to th atttion should b8 drawn in this report in order to enable a woper understn9 of the acCnts to be reached. 2g11r2023 Anthony Epton BA FCA CTA FCIE Goldwins Chartered accountants 75 May9rove Road West Hampstead London NW6 2EG
SISTER CIRCLE LTD. Statement of financial aclivllles (incorporaling an income and expenditu a<xount) For tho year •nd•d 31 March 2023 2023 ToL*l 2022 Totsl Donations 6.940 23.392 4.460 Charitsble activilies: Grants received 10.630 573.842 584N72 517,486 Irweslmenl Incn0 2.132 2,132 23 Total Incom• 19,702 7,234 616.936 521.969 Eyndllur• on: Raising funds 6.144 144 1,961 Charitable activities.. 53.274 596.620 849.894 491.281 Totsl •xp•ndltsv• 596,620 656.038 493.242 N•t In¢¢wne I l•xp•ndltwo) for th• y••r Nel gal l (losses) on inveslments (39,711 (39.102) 28.727 Net Incom• l (•xp•ndltw•) farth• y••r P9.ll•) 614 (39,102) 28.727 Transfers bglween funds 92.365 {92.3651 N•t mov•m•nt In fund• 191.751) (39,102) 28.727 R•¢ondllatlon of fund•: Total funds brought loard 79.882 278.901 132,531 187,150 319,681 358,783 ThB attadd nc485 form part of Ihese fincIal ¥WaTwI& 91Page
SISTER CIRCLE LTD. Balance sheet As at 31 March 2023 2023 2022 2022 Flxod •ssets". Tangible assets 2.746 Debtors Cash al bank and in hand 11 84OQ8 8,187 383.175 53.500 311,265 364,765 Uabllltles: Creditots.. amounts fallirvJ due withln or* year 12 (K554) 18.728} N•t curr•nt a•s•ts l (Il•blMlles) 317.621 356,037 Totsl not •Mots1 (Il•bllltl••) 319,601 358.783 Funds Restricted funds Unrestri¢tod fvnds: Designated funds General fvnds Total unrestricte¢J funds 14 187.150 278,901 40.000 39.882 92J31 131S31 79.882 Totsl fund# 319,681 358.783 The Trustees eortsider thal the c4)mp8ny is entiued to exerytion from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 and fflernbe have not required the charitable company to obtaln an audit for th¢ year in question in acciKdance secti1 476 of the Act. The Trustees acknowledge their Te5ponsibilities for Compn9 with the requirements of lh8 Companies Act 2006 with respect to accounting records and for preparing financial $tatements which gwe a true and fair vlew ofthe stsle of affairs of the company as al 31 March 2023 and of rts net InmIng11090lngI resources for the year in acconlance with the reqU1ments of $8ctions 394 and 395 of the Act and which otheise comply with the requirements of the Companies 2006 ffjlats.ry to financial SLeMents. so far as applKable lo the company. The financFal statements have been prepared in accordance with the special provisions relating to companies suty'ecl to the small Companies regime within Part 15 of the cOmpansACt 2006 and in accordance with Accounting and Reporting by Chariti&s.' Ststement of Recommended Practice applicable to charities wgparing their 8ccounts In accordance with the Financial Rewling Standard applicable in the UK and Republic of Ireland (FRS 1021. Approved by the board oftrustees 20th November 2023 arKI signed on the behalf by: Ann1• K•rfln Dong Ch•Th Chalr Company rngl•trthn l)289T150 The attache¢J notes form part of the ffinancial sLitements. 10jPage
SISTER CIRCLE LTD. ststement of cash Ilows For th• year ended 31 March 2023 2023 2022 2022 Cash flows from op•vtlng actlvltl•: Net cash provided by I Iu5ed in) opernting acbwts {13.0981 1,529 ¢h flows from Inv•stlng •ciMdM: (Purchase) of fixed assets Cash provld•d by l (us•d In) knv•stln9 actlvl Ch•ng• In c#h and c*th •qulval•nts In th• y•ar 113,098} 1.529 Cash and cash equrvalents at the beginniry ofthe year 311.265 309.736 Cash and ¢a•h •qulval•nts at th• of th• y•¥ 2M,167 311.265 a) R•¢onclllatlon of not InGom•llexp•ndttw•) to n•t 2022 N•t (•xp•ndltur•l for th• r•portlng p•rlod 18$ per the stateFnenl of finpAKial ad1V"e$I Oepreciation (Increasey decrease in debtors Increase in edItOrS Not Gash provklod byl luwl In) op•rntlng •¢llvlM•s 139.102) 28.727 687 (31.508) 56.825 (13,098) 915 19.976 (48,089 1.529 b) Analys1• of cash and cath •qulvthnts Ak31 Mavch 2023 Ai 1 April 2022 Cash Ilows Oth8r change5 Cash at bank and in hand 311,265 113,0981 8.167 Total cash and cash equivaknts 311,265 113.0981 298.167 11 IPage
SISTER CIRCLE LTD. Notos to tho flnanclal stalements For th• year ended 31 March 2023 1 A¢¢ountlng pollcl•8 Basls of prnparatlon The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. ststemenl of Rewmmende(1 Practice applicable to charrttes weparing their accounts in accordance with the . Financial Reporting Standard applKable in the UK and RepublK of Ireland {FRS 102- effective 1 January 201 S} (Charities SORP FRS 102) and tho Companies Act 2006. The d)arable company meets the dofinition of a public benefft ontty under FRS 102. Assets and liabilities are inilialty recognised al historical cost ortrwlsaction value unless otherwise ststed in the relevant accounting policy or note. Golng conc•rn The Iruslees consider that there are no material uncertainties about the charitable companYs ablllty to continue 8s a going nceffl. The trustees do not consJer that there are any Sou$ of estimation uncertainty al the reporting date that have a sKJnffj¢ant risk ol causin9 a material adjustment to the canying amounts of assets and liabilbtses within the next reporting perK>d. Income is Cognised when the charity has entitlement to the funds. any perf0mnCe condltions attached lo the Income have been mel, it 1$ probable that the inwme will be receNed and thal the amount can be measured reliably. Incom8 from government and other grants. whether'capital. grants or'revenue. grants. i% re¢ognised when the charity has gntillemenl to the funds. any performance conditions attached to the grants have been met. it 15 probable that the income will bg received and the anI Can be measured reliably and is not defrrred. Income received in a¢fvanc6 for the provIs)n of specffied sepAce defeffed until the crileria for income reccvanition are Int•rnst r•u Interest on funds held on dewsil is included when receNable Ihe amount can be mea$ured rellably by the charity.. this is nonnally upon nottfication of the interest Pa or payable by the bank. Fund 4¢nI1nq Unrestricted funds are available to Spend on actNibes Ihat further of the purposes of charity. Deslgnale funds are unrestrictsd funds of the charty which the trustees have decided at their discretion to sel aside to use for a spKffi¢ purpose. Restn"cted fvnds a donations which the donor has $pe¢ified are to be solely usod for parllcular areas of the charitys work or for specTfic projects being undertaken by the charity. Expondltur• and Irrn¢orII)1• VAT Expenditure is reccgnised On the is a legal or nstrUCtive oblwjatw to make a payThnt to a third party, bt is probable that settlement will be required and the amounl of the obligation can be rrnasured reliabty. Expendlture is classrfied under the following activty headings= Costs of raising funds comprise of trading costs and the costs inirred by the tharitable company in inducing third parties to make voluntsry contribullons to il. as well as the cost of any adivilies with a fundraising purpose. Exp¢nditure on charilable activib8s include5 the costs of delpring seryices. exhibrtions and other educational activities undertaken lo further Ihe purposes of the Charity and their assouated $UpF ¢osts. Other expenditure represents those ilems not falling into any other heading. Irre¢ov8rable VAT is charged as a cost against the activty for whh the expenditure was incurred. 12jPage
SISTER CIRCLE LTD. Notes to the financlal statements For the year ended 31 MarGh 2023 1 Accountlng pollcl• (¢ontlnu•d) Allocatlon of support ¢o¥ts Support costs are those functions that assist the wtyk of the ¢harity bLrt do not dlrectty undertake charitabl activrtles. Support costs include office Costs, finan. pètsonnel. payroll and governance Costs which support the charity's artlstic prc¥arammes and activities. These costs have been alkncated betsveen cosl of raising funds and expgndilure on charitable activities. The bases on supp(fft costs have Lwn allated are sel out in note 6. Tanglbl• fix•d #s•ts Items of equipment are caiytalised where the purchase price exceeds £500. Depreci8tty is provided at rates calculated to write down the cost of each asset to its estimated rnstdual value over its expected useful lrfe. The depreciab'on rate in use is as follows: 01re equipmenl 25% redUcK balance D•blorn Trad8 and other debtors are recognis8d at the settlement amount due after any trade dlscounl offered. Prepayments are valued al the amount prepaid Tt of any Irade dislwnts the. C8•h at bank and In h•nd Cash al bank and cash in hand includes cash and short tenn hvJhty Ilquid investments wilh a short maturity of the months or less from the d*e of acquisrtion or openirb3 of the deposit or similar ac¢ount. Cr•dllor# and provl#lon8 Creditors and provisions are recognised where the charlty has a present oblvjalK resulting from a past event that will probably resuli in the Ir8nsfer of funds to a third paty and the amount due lo settle the obligation can be measured or estimated 1e1bty. CTeditOTS and provisions are nonnayry rerngnised attheir settlemenl amount after allowing for any trade discounts due. 13jPage
SISTER CIRCLE LTD. Notes to the financial statements For the year ended 31 March 2023 2022 Unrestricaed 2022 Restricted 2022 Total Income from: Donations Charitable activibes." Grants recebved Other trading activities Investments 4.460 4.460 91.5(Kl 425.986 517.486 23 23 Total income 95.983 425.986 521.969 Expenditure on". Raising funds Charitable activitles.. 1.961 103.402 1.961 491.281 387.879 TOL4 expendlture 105.363 387.879 493.242 Nel income l expendilure before gains l {bsses} Inveslm8nts (9.380) 38,107 28,727 Transfers between fvnds Net movement in fimds 19.380) 38.107 28.727 Total funds fopw•rd 89.262 240,794 330.056 Totsl lunds carried fopward 79.882 278,901 358.783 141Page
SISTER CIRCLE LTD. Notes to the flnanclal staternents For the year ended 31 March 2023 2023 Total 2022 Total Donations 6.940 23,392 30.332 4,460 23.392 30,332 4,460 2023 Total 2022 Total CCG Tower Hamlets Imalemty Males) Towar Hamlets Publt HealthlVAWG Henry Smith Charity Bart's NHS Tfust Imatemty Matès) CCG Newham {Matemity Matesl London Catalyst- Health Researth HSF - Health Research . Lloyds Bank Foundation Tampox Tax Glasspwl Charity Tru51 Cty of London City of LOnd(- Wave 3 Comic Relief Schroder Charity Tnjst CCG NEL IMMH) 80.317 133.860 80.¢)00 42.829 96,317 80.317 133,860 80.000 52,329 96,317 77,248 73.456 17,5 31,290 85,858 4.088 4.088 30,000 9,9)0 1,130 10.175 11,303 50,000 96,660 96,660 115.858 4.000 24.100 33.684 33.684 10.630 573.842 584472 517.486 2023 Total 2022 Tolal Bank interest 2.132 2.132 23 2.132 2.132 23 151Page
SISTER CIRCLE LTD. Notes to th• financial stat•m•nts For the year end•d 31 March 2023 6 Anal# ol•xp•ndltur• CuTh•nt year B•sls of •loGallon Islr¥J fund¥ Charltabl• Support 2023 Total 2022 Totsl Staff costs Other Direct costs Premises costs Other office costs Legal & professional costs IT costs Marketing costs D8pr8ciation Independent examinerfs fee Insurance Staff time Dlrect 345.282 112.614 42.035 16.491 15.449 24.413 55.510 26.732 12.434 387.317 129.104 15.449 24.413 55.6(Kl 26.732 12.434 309.664 102,672 9,255 12,133 40.365 12.903 2.735 915 2,600 2.720 1.583 2.720 1.s83 457.9M 190,053 656.038 493.242 Support Costs all¢xation 6.144 191.909 (198.0531 Total •yndlluve 2022 6,144 6S6.038 493.242 Of the totsl expenditure. £59.418 was unrestricted (2022.. £105.3631 and £596.620 was restricted {2022'. £387.8791. Anatysl8 of •xp•ndllur• Prlor year Cost of raisir¥J funds Basis of Charitab SuppxNt 2022 Total Stsff costs Other Direct costs Premises costs Other office costs Legal & professional costs ITcosts Marketing costs Depreciation Independonl examinerfs fee Insurance Staff b'me Oire 259,397 102.132 50267 540 9.255 12,133 23.742 12,903 2.735 915 2.600 309,664 102.672 9.255 12,133 40.365 12,903 2.735 915 2.600 16.623 378.152 115.090 493.242 Support costs 1.961 113.129 {115.0901 Totsl expendrture 2022 1.961 491.281 493.242 161Page
SISTER CIRCLE LTD. Notes to Ihe financial stat•M•nts For the year ended 31 March 2023 7 Not Incom• l (•xp•ndltuv•) forth•> This is ststed after charging I lcffjditingl.. 2022 Depreciation Independent examingrfs feo 1.220 2.520 1720 8 An•tyslB of staff costs, trust•• rwnun•ratlon and •xp•nws, and th• GO¥t ol k•y Ma9•M•nI p•rnonn•l Slaff costs were as follc*¥s: 2022 Salaries and w8ges Social security $ts Penslon other staff costs 343.424 282.231 246n 18.122 4618 4,643 14603 4,668 387.317 309,664 There were rK> empk)yS who rfjcerd annual erTh)luments of £60.0 or more12021". none). The total employee beneffts induding pension contribun$ of the key management pers(rfel were £91.469 {2022.' £90.2831. The charity trustees were not paid or received any other benefrts from employment with the charity in the year12022.' £nill noither were Ihey reimbursed expgnse$ ¢Juring the y&ar12022: £nill. No charity trustee receiv8d payment for professional or other services supplfft1 to the ¢harity12022: £nill. Stsff numb•rn The average numbef ol ernpknyees (head co1 based I number of slaff empknyed) duriNJ the year was 2023 No. 2022 No. Direcl Charitable a¢tsvil Support 16 15 18 17 9 Taxadon The charitable company is exempt from Corporat fax as al its incomB is charitable and is applied charitable purposes. 171Page
SISTER CIRCLE LTD. Not•s to the Ilnanclal statements For the year endod 31 March 2023 10 T•nglbl• Ilx•d u¥•ts equipment Total Al the start of the year Additions in year 37.165 37,165 At the end of the year 37,165 37,105 D•pr•¢Ion Al the start of the year Charge for the year 34.418 687 34A18 Al the end of the year 35.105 35.105 Iirt b¢wk value At th• end ol th• y•ar At the start of the year 2.060 2.747 2,060 2,747 l of the above assets are used for chaiitable pUrFrf. 11 Dobtor• 2023 2022 Grants and other income receivable Prepayments Accrued income 41,166 17YJ 3.612 4173 8.722 008 53.S 12 Crodllows: Jmounls falllng du• Twlthln on• ywr 2022 Taxation and socAal se(yJrity Accrued expenses Deferred income- Grants receNed in advance Other creditors 6,759 9,408 47,000 2.387 65.554 5.240 2.200 1.288 8.728 D•f•vr•d Incom• 23 2022 Balance al Ihe beginning of the year Amount released to income in the year Amount deferred in the year Balance at Ihe end of the year 47,IJOD 47.000 181Page
SISTER CIRCLE LTD. Notes to the ffinanclal statements For the year ended 31 March 2023 13 Analys18 al nol •8s•ts b•tsM•n fund• CuTh•nt y••r General unrestricted Total funds Des*Jnated Restricte(I T8ftgible fixed assets Net current assets 2.060 317,621 90.471 187.150 Net ••8•ts at th• •nd of Ih y•ar 92W1 40.000 117.150 319.681 Analysis of nel assets been funds Prior year General unTestri¢Xed Dosignaled Restrthd Total funds Tangible fLxed a$sets Not current assets 2,746 2.746 356 037 Nel assets at the erKI of tho year 19jPage
SISTER CIRCLE LTD. Notes to tho financlal stat•m•nts For the year •nd•d 31 March 2023 14 Mov•mwts In fund• Atth• start of Curr•nt y•ar Attho Ond ol Unmtrlct•d funds: General lunds 39.882 19.702 59.418 92,365 92,531 40.000 Designated funds R•slrf¢t•d funds: CCG Tower Hamlets Imatemty Mates) Tower Hamlets Public HeathNAWG IMOPAC) Henry Smith Charity Bart's Heath NHS Tnjsl {MatemtyMate 37.052 CCG Newham (Maternity Males} 50.295 London Catalyst- Heath Research HSF - Health Research 20,413 95.317 <20.0421 27.302 135.752 134.862 28,192 27,387 7.136 59.749 42.829 96.317 61.917 92.253 (17.964) (54.359) 4.088 4,088 8.526 4.088 Lloyds Foundation Tampox Tax Glas5pooI Charity Cty of London- Wave 3 Comlc Relief 16.17S 7.708 75.735 83,600 33,563 88,795 34.309 CCG NEL {MMH) 33.688 34.184 Total rnstrfctod 2n.901 7.23¢ M620 192.385) 187,150 Total fiTh18 358,783 616.936 64038 319.681 Purpoms of r•strlct•d funds The income of the charity Includes grants receed for SFeufic restrkled proJe¢Xs. The trustees, report Indudes a tthef dgscriptK>n of the activit of each proied. The financial movements on the restricted fumls are summarised above. On completion of a prolecL any small funding surplus or defrt deared by a transfer to or from unrestricted fvnds. Purposes of d•slgn*tod lund• During the previous years. Ihe trtjstees agreed that il would be prudent lo set up a designated lund to finance any future liabilities that would be incurred on the dosure of the Organisatn. In this financial year. the Initial £40.000 transfeffed is considered suffKtent for purpose. 20IPag.
SISTER CIRCLE LTD. Not•s to th• financial stat•m•nts For the year ended 31 March 2023 Movements In funds {conlIndI Prior year Atthg start of At the end of the year Inc0Th Expenditure Transfers Unrestrlcled funds: General fund5 49.262 95.983 105.363 39.882 Design8ted fund5 40.000 40.000 Total unreslrictsd funds 89.262 79.882 Movements in fund5 IconlFnu8d) Prior year Ati start of tr At tho end of the year Income ExpeThJlturn Trartsfers Restricted lunds: CCG Tower Hamlets Imatgmty PAalesl Tower Hamlets Public HealthNAWG {M Henry Smith Charity Barfs NHS Trust Imatemity Males) CCG Newham Imatemity Mat8s} Lknyds Foundation Tampox Tax HeaEth Research City of London- Wave 3 Comic Relief MM Hub 31,497 39.861 20.142 41.942 45292 8.526 10,000 69,748 73.456 17.500 31.290 85,858 80,832 86.015 30.506 36,180 80.855 20.413 27.302 7.136 37,052 50.295 8,526 5.520 8.176 5.058 75.735 33.688 4.480 8.176 19.534 14,476 40,123 115.858 24.100 24.0 Total restricled fvnds 240.794 425.986 387 879 278,901 Totsl ffidS 330.056 521.969 493 242 358.783 15 L•9•1 st•tus of th• th•rlty The charity is a company limited by guarantee and has share capttal. Each member is liable lo conlrlbule a sum not exceeding £1 in the event of th6 ¢*arity being wound up. 16 R•l•t•d rtY trnnsactlons There are no r81aled paty transoclions to dischjse for 2023 {2022: none). There are no donalions from related parties which are outsKIg the ncmTral course of busIsS and no restricted donaliorts from related parttOS. 211Page