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← Sister Circle

2025-03-31-accounts

Sister Circle Ltd. Annual Report

Board of Trustees Annual Financial Statements Year ending March 31[st] 2025

Registered Office: The Brady Arts Centre 192-196 Hanbury Street, London, E1 5HU

Charity Registration: 1033764 Company Registration: 02897750

SISTER CIRCLE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees J Fowler
D Chen
C Hampton
K Brintworth
W Olayiwola
S Tomar
S Davda
K Kaur
Chief executive K Wint
Charity number (England and Wales) 1033764
Company number 2897750
Registered office The Brady Centre
192-196 Hanbury Street
London
E1 5HU
Independent examiner Darren Harding ACA FCCA DChA
Richard Place Dobson Services Limited
Ground Floor
1-7 Station Road
Crawley
West Sussex
RH10 1HT
Bankers CAF Bank
25 Kings Hills Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

SISTER CIRCLE

CONTENTS

Page
Trustees' report 1 - 7
Independent examiner's report 8
Statement of financial activities 9 - 10
Balance sheet 11
Statement of cash flows 12
Notes to the financial statements 13 - 25

SISTER CIRCLE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

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, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".

Sister Circle - Putting Women's Health First Introduction

Sister Circle is a multicultural, womenof trustees, staff and volunteers are from culturally diverse communities and collectively we speak 15 languages. 50% of us are migrants and 25% of our staff team are former volunteers.

For over 40 years, through our unique service offer, we have been dedicated to advancing health equity and justice for women from diverse communities living with complex challenges.

Vision

women and babies can thrive.

Mission

We walk alongside women to create change.

experience of every woman, during their health journeys. We meet women where they are, offering a safe and supportive space at the times when they need it the most.

With person-centered support, advocacy, and community partnerships, women make their choices and determine their own care regardless of their circumstances.

We do this through our support programmes:

Her Health: Specialist support following gender-based violence. Specialising in the recovery after FGC/M.

Our Values

Trust and Integrity: We create safe environments and act with accountability by doing what we say. We uphold the organisation's values and behaviours by fostering professional relationships that nurture and develop both the organisation and the women we serve. We hold ourselves and others to account, because trust is earned not assumed. We take responsibility for our work, actions and behaviour, building independence, self-efficiency and trusted relationships to raise a movement for change.

Growth and learning : We strive for opportunity and excellence by continuously developing. We seek growth through collaboration and initiative, aiming to deliver and develop both ourselves and the organisation. We ask how we can improve, grow and achieve better for our benefi -development, listen and show respect when people are sharing. Together, we are committed to learning and building resilience.

Fearlessness Speaking up: We are a reputable and trusted organisation that does the right thing by speaking up and challenging social norms and indifferences, exploring new ideas to create meaningful change. We amplify voices that are often unheard to promote equity in access to health systems, and raise uncomfortable but necessary topics, in thoughtful, respectful ways.

page 1

SISTER CIRCLE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Working collaboratively Change and understanding:

sharing expertise. We celebrate differences while working alongside our beneficiaries towards a common vision. We respectfully listen to our community and each other, working with trust as we step up to achieve our goals. We celebrate our differences and value others by creating an environment that is inclusive and welcoming to everyone. We demonstrate empathy and understanding for others through role modelling equity.

Our Programmes

We support women experiencing complex social factors and stark health inequalities. 93% of our beneficiaries are from Black, Asian or Minority Ethnic communities with over 50% migrants, refugees or asylum seekers.

We achieve our mission through our unique, in-depth, trauma-informed peer support programmes combining emotional, practical, advocacy and therapeutic support.

Our programmes are underpinned by our approach to:

Volunteering : Our truly remarkable team of around 60 volunteers plays a vital role in our services, delivering the majority of our powerful, relevant lived experience, receive: in-depth training (e.g. OCN level 3 for Maternity Mates), ongoing support (including supervision, reflective practice sessions, social/celebration events), access to further training and development opportunities strengthening our wider community.

Community and involvement : We are creating a wider Sister Circle community that strengthens participatory leadership and amplifies diverse voices, improving access to and experiences of healthcare, reducing health inequalities. Built around 4 elements (Growth, Empowerment, Advocacy and Celebration), we offer a flexible pathway where women can engage in a way that is right for them including: community activities, a community forum, a progression group (SC seekers for women who want to lead, co-produce, plan and shape priorities, campaign or decision-make) and access to 2 training opportunities:

Integration and collaboration : We work with local public sector bodies (such as North East London Health and Care Partnership, Tower Hamlets and Newham Councils) as:

We work with a broad range of community partners (who refer into our services and provide ongoing/wider support to our beneficiaries) and attend a range of local, regional and national groups and forums to: share information, learn about other providers, influence practice and co-ordinate our services (examples include co-chairing the NHS England FGM working group). We also contribute to research initiatives focussing on reducing health inequalities (including through Hearts and Minds, the Royal Health Observatory and the Race Health Observatory).

page 2

SISTER CIRCLE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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

Our Delivery, Impact and Achievements

eds

are listened to, respected and addressed. Our partnerships mean that our impact is magnified as women receive both healthcare a The impact of our support can be life changing with women building agency and confidence, making connections and courageously advocating for others in their community.

Our programmes represent the community face of healthcare. We continue to work hand-in-hand with health professionals and are increasingly seen as essential to delivering equitable healthcare within our existing boroughs.

Over the past year, we have:

In 24/25:

MATERNITY MATES: Trained volunteer Mates provided in-depth 1:1 peer support to 101 women (pregnancy, birth and postnatally).

Outcomes:

HER HEALTH: Health advocates provided in-depth 1:1 peer support to 87 survivors of FGM/c. Reached over 300 girls, boys, Health Professionals (GPs, A&E, student midwives and nurses and Gynecologists and Obstetricians) and teachers with educational workshops and women who attended our Health Conversation Cafes.

Outcomes:

HEALING CONVERSATIONS: Counsellors provided trauma counselling to 48 women, 289 sessions in total. Peer supporters provided 36 women with mental health support after birth trauma (22%), pregnancy loss (73%) or baby loss (5%).

Outcomes:

Trauma Counselling:

100% reported an overall improvement in their mental wellbeing.

Peer Support:

VOLUNTEERING: 62 volunteers provided 42,160 hours of support service delivery.

page 3

SISTER CIRCLE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Quotes from women who have accessed our support

time

-section she was a huge confidence boost. She was a

Circle's work really helps mothers who don't have anyone. It is a delicate moment in women's lives and the support is so

support them when they are pregnant. My Mate was like my soulmate. She helped me with everything and I could share anything with her.

Future Plans

We are proud of our achievements in 24/25 however there is much more to be done. In 25/26 we will focus on continuing to:

Structure, Governance, Management and Governing Document

The charity is a registered charity and company limited by guarantee, incorporated on the 14th February 1994, with a Memorandum of Association, as amended on 18th March 2008, 15th October 2016 and 24 February 2023, which established the objects and powers of the charitable company; and is governed under its Articles of Association. In the event, of the company being wound up, members are required to contribute an amount not exceeding one pound.

The charity was formerly known as There were no changes to the Governing documentation for the charity at the date of issue of this Annual Report.

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:

J Fowler D Chen C Hampton K Brintworth W Olayiwola S Tomer S Davda K Kaur

page 4

SISTER CIRCLE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Recruitment and Responsibilities of Trustees

The company is governed by a Board of Directors who are also known as Trustees for the purposes of charity law and under the Articles of Association are known members of the Management Committee. Board of Trustee meetings need at least three Trustees for a quorum.

skills and experience on the Board. A structured induction programme is provided for all for new trustees. Board effectiveness is maintained and ensured through regular reviews of both Board and individual trustee performance, and training is provided as needed.

The Trustees are responsible for setting the strategic direction of the organisation, policy development, senior staff recruitment and financial management. There are currently nine Trustees from a variety of professional backgrounds to support the delivery and success of charity.

Risk Management

The Board of Trustees recognises its responsibility for identifying, assessing, and managing the range of risks facing Sister Circle. A comprehensive risk register is maintained and reviewed at each Board meeting, ensuring that risks are actively monitored and managed. The register includes clear strategies to mitigate both operational and strategic risks, with particular focus on financial sustainability, governance, safeguarding, and service delivery.

committed to ensuring the safety and wellbeing of all women and families who engage with our services. Policies and procedures are regularly reviewed and updated in line with statutory guidance, and all staff and volunteers receive safeguarding training appropriate to their roles. Any concerns are addressed promptly, with oversight and escalation routes clearly defined in the safeguarding governance structure.

To support effective oversight, the Board receives written reports and presentations from the Chief Executive and senior staff, providing updates on safeguarding, financial, operational, and strategic matters. This ensures transparency, accountability, and informed decision-making. Financial reporting remains a key component of this process, enabling the Board to monitor performance against budgets, funding agreements, and long-term plans.

The Board has also developed a performance framework that guides the organisation in measuring and managing performance against the agreed responsibilities of funding contracts and grants, and ~~m~~ ost importantl ~~y~~ beneficiaries. This framework supports continuous improvement and ensures that our activities uphold the highest standards of care, safety, and impact.

Overall, the Trustees are satisfied that Sister Circle has robust systems and processes in place to identify, assess, and manage risk appropriately, with safeguarding fully embedded across all areas of governance and service delivery. The organisation remains well-positioned to respond effectively to emerging challenges while maintaining the trust and safety of those it serves.

Public Benefit Statement

their duties. The purpose and aims of Sister Circle are wholly for the public good.

Sister Circle works alongside women who experience barriers to health and wellbeing, providing practical and emotional support, information, and advocacy. Our work helps women to rebuild confidence, develop trusted social connections, and access the healthcare and community resources they need to improve their wellbeing and that of their families.

Through this woman-centred whole approach, women are empowered to shape their own futures, contribute to their communities, longterm resilience, equity, and inclusion ensuring our charitable purposes deliver tangible and lasting public benefit.

page 5

SISTER CIRCLE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

The Objectives

  1. To advance education, knowledge and empowerment. Preserve and protect health; promote equality and diversity by challenging discrimination and encouraging services to meet the diverse needs of local communities.

  2. To preserve and protect the health of the inhabitants of the London borough of Tower Hamlets and elsewhere.

  3. To promote equality and diversity by challenging discrimination and encouraging services to meet the diverse needs of local communities; the sharing of experiences to bring about equality in health and wellbeing, and good relationships across local communities, which often includes employment and further education in healthcare.

The Board of Trustees, who are also Directors for the purposes of company law, are pleased to be presenting their annual report and financial statements for the year ending March 31st 2025.

Overall Financial Review

Funding for overheads (core) continues to be the biggest challenge, combined with cost-of-living pressures for staff, national insurance and general cost increases across the board, is real for a charity of our size.

Our actual income during the year was £953,423 (2023/24: £783,912) and actual expenditure was £860,558 (2023/24: £738,351).

The total funds available to the charity is £ 458,107 of which £387,147 are restricted and £70,960 are unrestricted. The current level of free reserves is £10,090 (2023/24: £6,120).

The Board of Trustees made a conscious decision this year to make significant investments in key areas:

Reserves Policy:

The trustees have agreed that it would be prudent to set up a designated fund to finance any future obligations and liabilities that would be incurred on the closure of the organisation. In this financial year, £40,000 of our unrestricted reserves has been designated and is considered sufficient for this purpose.

e organisation resulting from shortfall in funding and time expired project, that are not refunded. Through this risk assessment, they have established a policy (reviewed at least annually) whereby any surplus and unrestricted funds held (excluding those designated for the event of closure) should be between 3 and 6 months operating costs (equating to a minimum of £215,140).

Sufficient unrestricted reserves are needed to ensure that projects are not hampered by delays in receiving grant income and to fund any revenue shortfall. There is also the need to bear the cost of cover for the likes of maternity leave, investment towards our team to develop skills and manage their wellbeing, increase in office rental rates and IT upgrade, which, in a not-for-profit charity, are rarely funded by grants or contracts. In addition to this, the charity has a commitment to trying to pay its staff appropriate salaries for the work undertaken.

Contracts and grants do not allow or sufficiently for this approach; therefore, additional investment will always be required to cover these costs.

We would like to be able to increase our reserves (within the limits of our stated policy), to weather unexpected eventualities capabilities to enable us to expand our services and capitalise on new opportunities.

page 6

SISTER CIRCLE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Income and Fundraising

This year, we focused our efforts on strengthening the capacity of the charity, enhancing aspects of our programmes and solidifying productive partnerships with other organisations to enhance the support we provide to women. We are grateful to our funders for their continued support and to our new supporters and many volunteers for choosing Sister Circle.

All our funders, regardless of donation size, are critical to our ability to provide holistic support to women are critical times in their life journeys. We thank you for your continued support and commitment to our work.

Some of our funders: ICB NEL and Southwark, Comic Relief, Henry Smith Foundation, City Bridge Foundation, MOPAC, London Community Foundation, Local authorities Tower Hamlets, and Croydon.

Next Year 2026-2027

We plan to:

Statement of Trustees and Directors Responsibilities

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the Trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charity and of its incoming resources and application of those resources for the year. In preparing those financial statements, the Trustees are required to:

The Trustees are also responsible for safeguarding the assets of the charity and for taking reasonable steps to prevent and detect fraud and other irregularities.

As part of their governance responsibilities, the Trustees ensure that robust safeguarding arrangements are in place. The charity maintains an up-to-date Safeguarding Policy, provides regular safeguarding training for staff and volunteers, and reviews the policy biannually to ensure it reflects best practice and current legislation.

The trustees' report was approved by the Board of Trustees.

.............................. J Fowler Chair Date: 10/12/2025

.............................. S Tomar Treasurer

Date:09/12/2025

page 7

SISTER CIRCLE

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF SISTER CIRCLE

I report to the trustees on my examination of the financial statements of Sister Circle (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Darren Harding ACA FCCA DChA

Richard Place Dobson Services Limited Ground Floor 1-7 Station Road Crawley West Sussex RH10 1HT Date: ............................ 16/12/2025

page 8

SISTER CIRCLE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Current financial year
Unrestricted
funds
general
2025
Unrestricted
funds
designated
2025
Restricted
funds
2025
Notes
£
£
£
Income from:
Donations and legacies
3
9,657
-
3,000
Charitable activities
4
423,970
-
509,409
Investments
5
7,387
-
-
Total income
441,014
-
512,409
Expenditure on:
Raising funds
6
16,243
-
-
Charitable activities
7
401,476
-
442,839
Total expenditure
417,719
-
442,839
Net income and movement in funds
23,295
-
69,570
Reconciliation of funds:
Fund balances at 1 April 2024
7,665
40,000
317,577
Fund balances at 31 March 2025
30,960
40,000
387,147		 Total
2025
£
12,657
933,379
7,387
953,423
16,243
844,315
860,558
92,865
365,242
458,107		 Total
2024
£
41,822
735,292
6,798
783,912
8,619
729,732
738,351
45,561
319,681
365,242

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

page 9

SISTER CIRCLE

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

==> picture [461 x 299] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Prior financial year|Unrestricted|Unrestricted|Restricted|Total| |funds|funds|funds| |general|designated| |2024|2024|2024|2024| |Notes|£|£|£|£| |Income from:| |Donations and legacies|3|1,822|-|40,000|41,822| |Charitable activities|4|304,230|-|431,062|735,292| |Investments|5|6,798|-|-|6,798| |Total income|312,850|-|471,062|783,912| |Expenditure on:| |Raising funds|6|8,619|-|-|8,619| |Charitable activities|7|389,097|-|340,635|729,732| |-| |Total expenditure|397,716|340,635|738,351| |-| |Net income/(expenditure) and movement in funds|(84,866)|130,427|45,561| |Reconciliation of funds:| |Fund balances at 1 April 2023|92,531|40,000|187,150|319,681| |Fund balances at 31 March 2024|7,665|40,000|317,577|365,242|

----- End of picture text -----

page 10

SISTER CIRCLE

BALANCE SHEET

AS AT 31 MARCH 2025

2025 2024
Notes £ £ £ £
Fixed assets
Intangible assets 13 7,743 -
Tangible assets 14 13,127 1,545
20,870 1,545
Current assets
Debtors 15 137,315 72,241
Cash at bank and in hand 316,233 520,221
453,548 592,462
Creditors: amounts falling due within one 16
year (16,311) (228,765)
Net current assets 437,237 363,697
Total assets less current liabilities 458,107 365,242
The funds of the charity
Restricted income funds 19 387,147 317,577
Unrestricted funds - general 21 30,960 7,665
Unrestricted funds - designated 20 40,000 40,000
458,107 365,242

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 .........................

.............................. .............................. J Fowler S Tomar Chair Treasurer

Company registration number 2897750 (England and Wales)

page 11

SISTER CIRCLE

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

Notes
Cash flows from operating activities
Cash (absorbed by)/generated from operations
25
Investing activities
Purchase of intangible assets
Purchase of tangible fixed assets
Investment income received
Net cash (used in)/generated from investing activities
Net cash generated from financing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£

(9,485)
(15,039)
7,387
 £
(186,851)
(17,137)
-
(203,988)
520,221
316,233		 2024
£
-
-
6,798		 £
215,256
6,798
-
222,054
298,167
520,221

page 12

SISTER CIRCLE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

Sister Circle is a private company limited by guarantee incorporated in England and Wales. The registered office is The Brady Centre, 192-196 Hanbury Street, London, E1 5HU.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts 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 to 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.

Income from grants are recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition is met.

page 13

SISTER CIRCLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are

1.6 Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation 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:

Software 25% reducing balance

1.7 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:

Computers 25% reducing balance

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.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible 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).

1.9 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.

page 14

SISTER CIRCLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.10 Financial instruments

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.

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 payments 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 contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the 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

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.

page 15

SISTER CIRCLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Donations and gifts 9,657 3,000 12,657 1,822 40,000 41,822
Unrestricted
Restricted
funds
funds
2025
2025
£
£
Grants received
Other income
423,970
509,409
Unrestricted
Restricted
funds
funds
2025
2025
Grants received
£
£
NEL ICB (MM)
311,100
-
Tower Hamlets Public
Health Family Hubs
-
268,268
Tower Hamlets Mayors
Fund
-
36,403
Henry Smith Charity
-
60,000
The Big Lottery (Civil
Roots)
-
-
NHSE
-
-
Pact/Citizens UK
10,650
-
Glasspool Charity Trust
-
-
Comic Relief
-
79,438
Lloyds Bank Foundation
30,300
-
London Community
Foundation
-
55,035
City of London
25,320
-
CHK Foundation
-
10,000
ABC Charitable Trust
25,000
-
The Blue Thread
21,000
-
Training
600
265
Total charitable activities
income
423,970
509,409		 Total
Unrestricted
Restricted
Total
funds
funds
2025
2024
2024
2024
£
£
£
£
933,379
304,230
431,062
735,292
Total
Unrestricted
Restricted
Total
funds
funds
2025
2024
2024
2024
£
£
£
£
311,100
108,816
94,499
203,315
268,268
-
128,900
128,900
36,403
-
-
-
60,000
-
60,000
60,000
-
89,635
39,000
128,635
-
-
9,910
9,910
10,650
48,354
-
48,354
-
500
4,200
4,700
79,438
31,750
76,328
108,078
30,300
25,000
-
25,000
55,035
-
18,225
18,225
25,320
175
-
175
10,000
-
-
-
25,000
-
-
-
21,000
-
-
-
865
-
-
-
933,379
304,230
431,062
735,292

page 16

SISTER CIRCLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 7,387 6,798
6 Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising and publicity
Support costs 16,243 8,619
7 Expenditure on charitable activities
Women's Women's
health health
support support
2025 2024
£ £
Direct costs
Staff costs 461,641 409,695
Other staff costs 15,141 7,099
Other direct costs 121,038 89,023
Legal & professional costs - 2,073
597,820 507,890
Share of support and governance costs (see note 8)
Support 179,974 155,065
Governance 66,521 66,777
844,315 729,732
Analysis by fund
Unrestricted funds - general 401,476 389,097
Restricted funds 442,839 340,635
844,315 729,732

page 17

SISTER CIRCLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

8 Support costs allocated to activities

Staff costs
Depreciation
Other support costs
Premesis costs
Other office costs
IT costs
Marketing costs
Insurance
Governance costs
Analysed between:
Fundraising
Women's health support
Governance costs comprise:
Audit fees
Legal and professional
9
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
Depreciation of owned tangible fixed assets
Amortisation of intangible assets		 2025
£
73,419
5,199
333
20,866
51,149
39,399
3,473
2,379
66,521
262,738
16,243
246,495
262,738
2025
£
3,300
63,221
66,521
2025
£
3,300
3,457
1,742		 2024
£
62,792
515
9,569
16,430
39,945
19,917
12,360
2,156
66,777
230,461
8,619
221,842
230,461
2024
£
3,420
63,357
66,777
2024
£
3,420
515
-

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

page 18

SISTER CIRCLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

11 Employees

The average monthly number of employees during the year was:

Direct charitable activities
Support
Total
Employment costs
Wages and salaries
Social security costs
Other pension costs
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:
Aggregate compensation		 2025
Number
20
2
22
2025
£
472,173
35,754
27,133
535,060
2025
£
164,213		 2024
Number
18
2
20
2024
£
431,461
32,630
8,396
472,487
2024
£
172,166

12 Taxation

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

page 19

SISTER CIRCLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

13
Intangible fixed assets
Cost
At 1 April 2024
Additions - separately acquired
At 31 March 2025
Amortisation and impairment
At 1 April 2024
Amortisation charged for the year
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024
14
Tangible fixed assets
Cost
At 1 April 2024
Additions
At 31 March 2025
Depreciation and impairment
At 1 April 2024
Depreciation charged in the year
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024
15
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income		 Software
£
-
9,485
9,485
-
1,742
1,742
7,743
-
Computers
£
37,165
15,039
52,204
35,620
3,457
39,077
13,127
1,545
2025
2024
£
£
84,498
64,845
52,817
7,396
137,315
72,241		 Software
£
-
9,485
9,485
-
1,742
1,742
7,743
-
52,204
35,620
3,457
39,077
13,127
1,545
2024
£
64,845
7,396
72,241

page 20

SISTER CIRCLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

16
Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
17
Other creditors
Accruals
17
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2024
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2025
18
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2025
£
10,002
-
2,109
4,200
16,311
2025
£
-
2025
£
-
208,825
(208,825)
-
-
2025
£
27,133		 2024
£
9,078
208,825
1,010
9,852
228,765
2024
£
208,825
2024
£
208,825
47,000
(47,000)
208,825
208,825
2024
£
8,396

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.

page 21

SISTER CIRCLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

19 Restricted funds

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

At 1 April 2024 Incoming Resources At 31 March
resources expended 2025
£ £ £ £
Tower Hamlets Public Health VAWG (FGM) 38,192 87,500 (46,823) 78,869
Henry Smith Charity 27,387 60,000 (58,001) 29,386
NHS England 9,000 - - 9,000
London Community Foundation 6,625 55,035 (57,808) 3,852
Tower Hamlets Public Health Family Hubs 33,744 180,768 (125,416) 89,096
CHK Foundation - 10,000 (10,000) -
National Council for Voluntary Organisations - 3,000 (3,000) -
NEL ICB Family Hubs 19,411 - (19,411) -
The Big Give 9,910 - - 9,910
Glasspool Charity 7,217 - - 7,217
Comic Relief 110,670 79,438 (66,694) 123,414
NEL ICB (MMH) 55,421 - (55,421) -
Tower Hamlets Public Health (MMH) - 36,403 - 36,403
Training - 265 (265) -
317,577 512,409 (442,839) 387,147
Previous year: At 1 April 2023 Incoming Resources At 31 March
resources expended 2024
£ £ £ £
Tower Hamlets Public Health VAWG (FGM) 28,192 87,500 (77,500) 38,192
Henry Smith Charity 27,387 60,000 (60,000) 27,387
NHS England - 9,000 - 9,000
AB Charitable Trust - 15,000 (15,000) -
Society of the Holy Child Jesus CIO - 15,000 (15,000) -
London Community Foundation - 18,225 (11,600) 6,625
TNL Community Fund (Civil Roots) - 39,000 (39,000) -
Tower Hamlets Public Health Family Hubs - 41,400 (7,656) 33,744
NEL ICB Family Hubs - 23,815 (4,404) 19,411
The Big Give - 9,910 - 9,910
Community Chest - 10,000 (10,000) -
Glasspool Charity 8,467 4,200 (5,450) 7,217
Comic Relief 88,795 76,328 (54,453) 110,670
NEL ICB (MMH) 34,309 61,684 (40,572) 55,421
187,150 471,062 (340,635) 317,577

page 22

SISTER CIRCLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

20 Unrestricted funds - designated

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

At 1 April 2024 At 31 March
2025
£ £
Closure Contingency Fund 40,000 40,000
Previous year: At 1 April 2023 At 31 March
2024
£ £
Closure Contingency Fund 40,000 40,000

The trustees have agreed that it would be prudent to set up a designated fund to finance any future liabilities that would be incurred on the closure of the organisation. In this financial year, the initial £40,000 transferred is considered sufficient for this purpose.

21 Unrestricted funds

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

At 1 April 2024 Incoming Resources At 31 March
resources expended 2025
£ £ £ £
General funds 7,665 441,014 (417,719) 30,960
Previous year: At 1 April 2023 Incoming Resources At 31 March
resources expended 2024
£ £ £ £
General funds 92,531 312,850 (397,716) 7,665

page 23

SISTER CIRCLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

22 Analysis of net assets between funds

Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
designated
2025
2025
2025
£
£
£
At 31 March 2025:
Intangible fixed assets
7,743
-
-
Tangible assets
13,127
-
-
Current assets/(liabilities)
10,090
40,000
387,147
30,960
40,000
387,147
Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
designated
2024
2024
2024
£
£
£
At 31 March 2024:
Tangible assets
1,545
-
-
Current assets/(liabilities)
6,120
40,000
317,577
7,665
40,000
317,577		 Total
2025
£
7,743
13,127
437,237
458,107
Total
2024
£
1,545
363,697
365,242

23 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under noncancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2025
£
10,023
4,176
14,199		 2024
£
10,023
14,199
24,222

24 Related party transactions

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

page 24

SISTER CIRCLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

25
Cash (absorbed by)/generated from operations
2025
£
Surplus for the year
92,865
Adjustments for:
Investment income recognised in statement of financial activities
(7,387)
Amortisation and impairment of intangible assets
1,742
Depreciation and impairment of tangible fixed assets
3,457
Movements in working capital:
(Increase)/decrease in debtors
(65,074)
(Decrease)/increase in creditors
(3,629)
(Decrease)/increase in deferred income
(208,825)
Cash (absorbed by)/generated from operations
(186,851)		 2024
£
45,561
(6,798)
-
515
12,767
1,386
161,825
215,256

26 Analysis of changes in net funds

The charity had no material debt during the year.

page 25