Charity registration number 1045890 Company registration number 299S805 {England and Wales) CYFANNOL WOMEN'S AID LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
CYFANNOL WOMEN'S AID LIMITED CONTENTS Pagg Trustees report statement of trustees responsibilities Independent auditorfs report 16-18 Stslemenl of financial activities 19 Balance sheet 20 Stslemenl of cash flows 21 Notes lo the financial ststemenls 22-40
CYFANNOL WOMEN'S AID LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The trustees present their annual report and financial statements for the year ended 31 March 2023. The financial statements have bèen prepared In a¢cord8nce wrth the accounting policies sel out in the notes lo the financial statements and comply with the ¢harily's goveming document, the Companies Act 2006 and Accounting and Reporting by Charities". Stslemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191 ObJectlv&s and actlvltles Vision Everyone is empowered lo flourish in a life free from Violence Against Women, Domestic Abuse and Sexual Violents. Mlsslon To deliver across Gwenl, a range of person-led and Irauma-informed services lo any person, particularfy women or children, who has eXperIend any form of Violence Against Women, Domestic Abuse and Sexual Violence, regardless of their needs and the multiple disadvantages they face. Values Empowerment, Integrity, Self-Awareness, Collaboration, Resilience, Dedication Ambition We will continually evolve all that we do by listening, learning, evaluating and adapting. Re¢ommltment of Purpose Cyfannol WA believes that a world without domestic abuse and sexual violence is one to aspire to. Vve believe that all people who are victims of abuse and Violen should receive person-led and trauma-informed services. We acknowledge that, overwhelmingly, domestic abuse and sexual violence is committed against women, and that VAVVDASV is a gender-based issue and a cause and Consequen of gender inequality. As a charity, our key role is therefo lo support women and children lo flee abuse and violence, recover from their experiences, and to flourish in a life in which violence and abuse no longer hapnS lo them. This ideology will be reflected in our Charity name. mission. vision and values. Cyfannol WA recognises that gender identity is an important issue, and we believe in people's right to self-define. Our services specifically for women will welcome anyone who believes il is the right service for them, including cis women, transwomen and non-binary people assigned female al birth. Many of our services support all genders, including our Gwent-widè Assertive Outreach crisis response service and our Horizon sexual violence services. We go through an in4epth assessment with anyone who wants to access any of our support services in order lo ascertain which service is right for them, based on their individual situation and needs, as well as external risk factors. We have a range of options available that allow us to be flexible, induding dispersed refuge properties Iself<ontained accommodation units) across Gwenl, as well as outreach and community-based support services.
CYFANNOL WOMEN'S AID LIMITED TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Where there are opportunities lo expand our domestic abuse services through funding intended for all people, we will consider.. The importance of the opportunity in terms of advancing our mission., Vvhether Cylannol WA'S unique and holistic approach can improve provision in that area., and Vvhether we are best placed lo lender independently or with a trusted partner. Strategic Goals & Priorities 2023-2025 1. Sustainable Funding To sustain and strengthen the reach of our services, considering all opportunits'es presented, and being innovative in our approach, to achieve our mission, both within and outside of Gwenl. 2. Culture and People To become the most attractive employer for the very best people - ulilising a combination of strength of impact, organisalional culture and improved employment offer, and for our team lo be flourishing In their rdes and careers, in a safe and empowering environment. 3. Equlty. Dlverslty, & Intersectlonallty To have an equitsble reach and response to all intended recipients, with a full understsnding about service provision in Gwenl and established projects and partnerships, lo ensure the needs of all those who have experienced VAVVDASV are SLJPPOrted. 4. Designed, Quality and Evaluated Services To be able lo say we are a high quality, Iraum&informed, user-led organisalion, and know that il is true. To have a universal service model in place that is adaptable lo local needs, whilst also meeting regional and national standards requirèments. 6. Ralslng Our Profile For our communications and neknrking to enhance our mission, reputation and brand recognition, integrating our actions with internal and external messaging, and taking a more active role in sector conversations and developrnents. 6. Digital Transformation To underpin all aspects of the organisalion and support delivered with innovative use of technology. Activities- Summary Cylannol WA supports people across Gwenl who have experienced any form of Violence against Women, Domestic Abuse or Sexual Violence, (VAINDASV) through refuge. outreach and community-based services. With established bases in Pontypool, Abergavenny, Ebbw Vale and Newport, and more than 40 years of experience, our dedicated teams help people to feel safe, recover from their experiences and rebuild their lives, empowering individuals to flourish in a life free from Violen against Women, domestic abuse and sexual violen. Public Benefit As sel out above, 811 our charitable activities are undertaken to further our charitable purposes for the Public Benefit. The Trustees have referred to the guidance contained in the Charity Commission's 'Charilies and Public Benefit,, general guidance on Public Benefit when reviewing the Charity's aims and objectives, and in planning ils future aclivilies. In particular, the Trustees Consider how planned activities will contribute to the aims and objectives that have been set.
CYFANNOL WOMEN'S AID LIMITED TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Achlevements and perfom)ance Accommodation Services- 275 beneficiaries C(MOR TH I FENYWOD CYfANNOL MEN'S AID REFUGES acwnwNlXjft lor WOM and f¥rnilJ 4FknÈd byVAWDASV Up lo 50 refuge unlts. dewned Io occ¢)mm¢)d ¥th • bEMO •• IIIGH ED5 PAUL GWLy HEFWS AENJtsES SELF.coiifJNED FiA?S WJ¥E.trIèIMES
CYFANNOL WOMEN'S AID LIMITED TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Area Torfaen SeThlces Refuge for single women wth multiple disadvantages, Family refuge", Move onldispersed units Family refuge", Move onldispèrsed units Self-conlained units communal setting., Move onldispersed units Refuge with security for single women with multiple di5advanlages', Family refuge., Move on/dispersed units Numberof unlts Number of beneflclarles 92 women 37 children Monmouthshire 34 women 32 children 21 women 21 children Blaenau Gwent Newport 14 22 women 16 children Impact is measured though the use of the Housing Support Grant National Outcomes framework, which evidences the main purpose of the grant in relation to the following primary outcomes.. People have been able lo engage wth housing related support services (advice, information and assistance) and are better informed about the options available lo them andlor know where lo go for assistance. People have been able to access emergencyllemporary accommodation or short-tem supported accommodation. People Can access and sustain a suitsble settled home. People can manage their existing accommodalionlhome which prevents them from either becoming homeless or from having to access more costly public ServIS le.g., health, social care services). And individual progress against the following secondary outcomes.. People have positive and healthy relationships with people in their life People feel safe. People have independence and control of their day lo day lives. People are engaged in something meaningful lo them. People's physical health is good. People are managing the impact of their dependency. People's mental health and wellbeing is good. Community Services- 1,521 beneficiaries Our community services incorporate crisis intervention, groupwork programmes and longer-term 'floating' support in Torfaen, Monmouthshire, Blaenau Gwent and Newport. Our Cenlres in Ponlypool, Abergavenny and Ebbw Vale provide crisis intervention, emotional and practical support to women, either by phone or in person. Support can be accessed by any woman on a one-off or ongoing basis. Referrals are accepted from agencies, as well as individuals themselves. Some crisis referrals are received via police Public Protection Notices IPPNI, whereby individuals have given consent lo be contacted by a domestic abuse agency following an incident.
CYFANNOL WOMEN'S AID LIMITED TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Women requiring ongoing support receive support lo manage their tenancies, finance, relationships, safely and ongoing educab'onltraining aspirations. GroLJP work figures incorporate the Own My Life programme, Recovery Toolkit and STAR Group, which mum$ attend alongside their children (see section 5, below, for further information). rea Servica Community services Group work Community services Group work Community services Group work Group work Number of beneficiaries 640 woman Torfagn 86 women 332 women SO women 298 women and men S4 women 61 women Monmouthshire Blaenau Gwant Newport 'The fwures in the l&ble do not include PPN contacts wheTr individuals Cl not &ccess furthersupport. Impact is measured though the use of the Housing Support Grant National Outcomes framework which monitors distan¢e travelled by women las explained in 11. Assertive Outreach IGwent-wide}- 434 beneficiaries The Assertive Outreach initiative is aimed at anyone over the age of 16 who has reported a domestic abuse incident to Gwenl Police more than once in a 12-monlh period. Support can be provided in individual's homes, a safe place within the community, over the phone, or via text or email, and can include completing a risk assessmènt, discussing what the individual wants and needs, formulating a safely plan, and establishing ongoing support needs. The Assertive Outreach Team aims lo bridge the gap beeen the poli and Support servi$, making wre individuals feel heard and understood when reporting a crime or seeking advice, knowing that they will be tsken seriously and believed. pe of support Crisis intervention support Signposting support Number of beneficiaries 152 individuals 282 individuals ArTrac Project.. Chlldren and Young People's Support In 8laenau Gwent & Newport 41 bonefi¢iarle$ The Ar Trac project launched in April 2020 to support children and young people aged 5-16, who have experienced or wtnessed domestic abuse, and who are exhibiting difficulties wth their family and peer relationships. Ar Trac is delivered across 10 areas by 5 regional project partners. Cyfannol Women's Aid is the lead partner, overseeing thè project, and delivering interventions wlhin Newport and Blaenau Gwenl. The project brings together a range of inlervenlions, c¢>produced by local agencies with children and young people. Ar Trac's suite of age-appropriate services are tailored-based on the individual needs and strengths of the Child and their family. As such, the project and what it offers will continue to evolve. Activity Number of people engaged Number of 1-2-11 mentoring I peer mentoring sessions delivered Number of group programmes delivered Total numbgr 41 105
CYFANNOL WOMEN'S AID LIMITED TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Chlldren and Young People's Support In Monmouthshlre & Torfaen - 115 beneflclarles We offer a range of Children and Young People's Support Services across Monmouthshire and Torfaen, comprising of.. Mentoring programme for boys Girls, Groups 1..1 support STAR Group The Mentorlng Prolect is delivered across Monmoulhshire and Torfaen lo boys aged &16 who have experienced domestic abuse. The aim is to help them with behavioural challenges and managing feelings they might be experienang. A mentor will engage with a child once a week for 9 monlhs (under 11sl, or once a week for 8 weeks, as part of a group111-16 years). The Mentoring Project supports the child lo.. feel more self-confidenl., relate better lo others., develop a stronger sense of responsibility., understand the consequences of their actions., improve their concenlralion,. and improve attendance and attainment al school. Glrls, Groups are for girls aged 11-15 across Monmoulhshire who have previously lived in a home where there was an UnheahY relationship between adults. These supportive, peer-led groups meet weekly for 8 weeks lo work on small art and craft projects. The sessions offer an opportunity for the girls to listen and support each other, whilst developing their understanding of healthy relationships. These groups focus on.. Expressing ourselves in healthy and appropriate ways., Positive communication,. Building self-esleem., Resilience,. and Coping strategies. The STAR Group programme 7-11 is for children who have experienced familial domestic abuse. Their parent or main caregiver attends a group at the same lime to help them strengthen their relationship with their child. The group runs over 10 weeks and covers healthy relationships, domestic abuse. keeping safe. feelings, managing anxiety and anger and resilience. The programme supports children to feel safe. express their feelings in a safe way, understand that the abuse is not their faLJIt, and learn how to communicate more positively with their non- abusive parent. We offer 1-1 Support in Torfaen and Monmoulhshire to help children and young people feel emotionally and practically supported followng their experience of domestic abuse. The aim is lo empower them lo make positive choices in their present and future, feel safe, and gain knowledge and skills in how lo slay safe. Intsrventlon One-lo-one mentoring Menlor-led bo roups Girls, Groups STAR Group 1."1 Support Number of beneflclarles 13boys 32 boys 21 children 38 children
CYFANNOL WOMEN'S AID LIMITED TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Horlzon Sexual Vlolence Servlces {Gwent-wldel- 653 beneflclarles Our specialist Horyzon sexual violence services provide a range of setvices for people of all genders.. Independent Sexual Violence Advisors IISVAI advice for all genders aged 13+ on rape, sexual violence and childhood sexual abuse available across Gwent. Therapeutic Interventions, including counselling ServIS for CYPS and adult survivors of childhood sexual abuse across Gwenl. Group work programmes (such as Sexual Violence Recovery Toolkill, peer support and group-based creative therapies. Sexual Exploitslion Advocacy. Indlcator Totsl numbgr 159 245 92 47 110 179 105 Survivors receiving ISVA support Survivors receiving counselling GroupwDrk attendees Sexual Exploitation Icaseloadl Sexual Exploilalion loulreachl Counselling wailing list at end of period Survivors who had accessed criminal ustice s stem The Impact of ISVA support Is measured in line with the Lime CuV(ure Risk and Needs Assessment, which monitors distsnce travelled In key areas of need". Harm from Others," Health and Medical," Mental Health and Psychological Well-being", Coping Mechanisms", Alcohol and Drug Use", Safeguarding", Criminal Justice, Employment and Education., Finance.. Accommodation and Housing,. and Immigration and Residence. Impact for counselling is measured using the C.O.R.E Therapy Assessment and End of Therapy Fomis 1¢h involve client's self-assessment of Well-being, Symptoms, Functioning and Risk. Financial roview The charity made a lolal surplus of £323,792 for the year ended 31 March 202312022". £504,608) consisting of an unrestricted surplus of £320,774 12022." £695,063) and a restricted Surplus of £3,018 12022." deficit". £190,455} before transfers. CWA finances its activities through specific funding streams including Govemmenl funding, private grant providers and through raising our own income though rental income.
CYFANNOL WOMEN'S AID LIMITED TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Our main funders are.. SeNlcelProle¢t ccommodalion & Community Services FunderlContraGtorlGrant Welsh Government Housing Support Grant administered by the Local Authority Supporting People Team's o Torfaen, Monmoulhshire, Blaenau Gwenl and Newport The Walli¢h The National Lottery Community Fund Police and Crime Commissioner Welsh Government VAWDASV Ministry of Justice The Home Offi BBC Children in Need Gwenl Sheriff Welsh Government The National Lottery Community Fund (Digilall Moondance FoLJndation Hodge Foundation Welsh Women'sAid Horizon Sexual Violence Services CYP Services Other Cyfannol WA has a number of policies and procedures in pla to ensure that funds are controlled, monitored and checked against the annual budget for income and expenditure. These procedures sel out the detail by which staff are required lo carry out their duties in this particular area of work. They also set out the specific tasks Involved In undertaking this area of work and Identify who is responsible for carrying them out. Investment Pollcy The Board of Trustees have the power lo invest in such assets as they see fit, monies not immediately required for the furtherance of its objects. Reserves Policy The Board of Trustees recognise their obligation lo protect the organisation from risk of insolvency or serious disruption of ils work with women who have suffered outcomes of domestic abuse and also lo apply the Charity's income within a reasonable lime of receipt for the benefit of ils clients and the organisalion. Income is generated in the main from the organisalions, activities, therefore il is the intention of the Trustees that reserves will be created and maintained from surpluses. It is the Trustees, assessment that possible liabilib'es would be 5 months outgoings of up to £1,)6,783 to cover legal obligations and liabilities based on 100.kn ongoing contractual commitments (all short-lerm capital grants and short-temi Covid grants have been deducted from the calculalionsl.
CYFANNOL WOMEN'S AID LIMITED TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The reserves of the charity at the year-end were £2,685,63512022'. £2,381,843) consisting of unreslricled reserves of £2,377,03612022' £2,061,276) and restricted reserves of £308,59912022'. £953,712). The free reserves of the charity lunreslricted reserves, less fixed assets and designated funds) totslled £1,466,12912022'. £1,107.5641. The level of free reserves is currently £141 k below the charity's reserve policy. The plan is to build the free reserves over lime and lo work towards achieving the charity's reserves policy. Over the last few years, significant progress has been made towards towards this goal and It should also be noted that a significant portion of our fixed assets is held in property that could be rapidly liquidated should the need arise. Annual Statement on Fundraising This statement covers the requirement charities musl follow as sel out in the Charities (Protection and Social Investment) Act 2016. Cyfannol WA is registered with the Fundraising Regulator and are committed to the Fundraising Promise and adheren to the Code of Fundraising Practice. Our Director of Income and Development is a full member of the Institute of Fundraising. In 2022123 il cost us £4,119,662 to provide Violence against Women, Domestic Abuse, and Sexual Violence services in Gwenl. Approximately 59.90/0 of this came from slalutory sources, 26.30/0 from rental income, 120/0 came from trusts and foundations, 1.40A from donations and 0.40kn from other income and inveslmenls. Our fundraising effort involves encouraging donations throLJgh grant applicalions and commLJnity fundraising activity. All fundraising activity to date has been carried out in-house, and we have no immediate plans to engage third party professional fundraisers. Policies and procedures are in place covering all aspects of fundraising, including donations from vulnerable people and dealing with cornplaints. Over the last 12 months, we have been successful in attaining new grants for revenue and capital projects. Plans for the forthcomlng year We recognise that challenges within fundraising will continue over the next 12 months as people and organisalions have more demand on their reSoUrS and the cost of living crisis continues to bite. Our FundraisirE Strategy is a working document and is frequently reviewed. Key activity rithin this strategy will include.. Using our new Cyfannol website lo host campaigns and collect donations. Expansion of Tai Cyfannol, a social enterprise activity offering mov&on provision to women who have experienced any form of VAVVDASV. The development of broader campaigns on a responsive, needs-led basis including for sexual violence services and for women wth no recourse for public funds. A continued focus on trust and foundation support. Building on fundraising successes, with a focus on a new approach to legacy and corporate gifting. Increased stewarding activity to better engage with our supporters, funders, and commissioners. Alongside these aclivilies, we will be focusing on sustsining our Horizon sexual Violen ServIS as key funding comes lo an end and looking to be creative in sustaining, developing and re-purposing existing projects and teams as they reach the end of their fixed-lerm funded periods our Assertive Outreach project delivered alongside Gwenl Police. Finally. we will be ensuring that we are "lender ready. and in the best position possible for the re- commissioning of existing services, and tendering lor new support provision. ststement of Risk Management Cyfannol WA is committed to ensuring effective financial management through a system of monitoring, checks and controls, and to ensure that financial matters are considered at a strategic level and that there is forward planning. The above includes a managed approach to financial issues which may present a risk lo the organisation.
CYFANNOL WOMEN'S AID LIMITED TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The organisation has in place a system of business planning which includes an account of current and future operational activity and the financial implications. Effective financial management will be achieved throLJgh the following activities.. A Strategic Plan incorporating the Fundraising Strategy, establishing an annual budget,. Reporting and monitoring income and expenditure., A system of delegated authority regarding financial management., The process of auditing accounts," and A process of PESTLE scanning and Strategic Risk Management. The organisalion reviews the PESTLE scan and Risk Map every 6 months. Al the current lime the organisalion considers the main risks to be.. Key Risk Loss of business following relendering o Welsh and UK government Contracts Strategy and risk management plan Maintain relationships and contract compliance Develop services beyond the scope of contracts where viable Maintain internal FLJndraising tearn Embed additlonal resources around Finance, People and Business Development within the organisation Identify cost reduction opportunities le.g. building rental v's purchase, replacing inefficient industrial boilers) Restructure of Finance Team establishing new Business Support Ofticer responsible for contractor relations Maximise applications for capital grants le.g. industrial boile replacement) Maximise opportunities through reorganisalion of SLT streamlining and pushing resources lo frontline Identify more unreslricled income. donations, legacies, income generating social enterprise. Ty Cyfannol High priority in Strategy 2022-25 EAP service Redudion in conlra¢ted hours Salaries strategy, inc external evaluation Agile working embedded Challenge Local authorities and HSG on pay disparity Continue to campaign via VWVA & Cymorth for equity in pa structures Continual Improvement in Policy, procedure and training relating to stsff support and supervision lincluding clinicall, wellbeing. professional development, engagement, communication. Increasing costs of doing business (rents, utilities, living wages, pension legislation,) without inflationary increases in current grant streams Impact of economic issueslcosl of living on team member wellbeing& retention rates 10-
CYFANNOL WOMEN'S AID LIMITED TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Plans for future perlods In addition lo those outlined in the Fundraising Section, our Strategic Goals & Priorities for 2022-2025 are.. 1. Sustainable Funding To sustain and strengthen the reach of our services, considering all opportunities presented and being innovative in our approach, to achieve our mission both within and outside of Gwent. 2. Culture and People To become the most allractive employer for the very best people- utilising a combination of strength of impact, organisational culture & improved employment offer. For our team to be flourishing in their roles ard careers, in a safe and empowering environment. 3. Equity. Diversity, & Intersectionality To have an equitable reach and response lo all intended recipients, with a full understanding about service provision in Gwent and established projects and partnerships lo ensure the needs of all those who have experienced VAWDASV are supported. 4. Dasigned. Quality and Evaluated services To be able lo say we a high quality, trauma infomied, user-led organisation and know that it is true. To have a universal service model in place that is adaptable lo local needs whilst also meeting regional and national standards requirements. 5. Ralslng our Proflle For our communications and neOrkIng to enhance our mission, reputation and brand recognition. integrating our actions with internal and external messaging and tsking a more active role in sector Conversations and developments. 6. Digital Transformation To undetpin all aspects of the organisalion and support delivered with innovative use of technology structure. governance and management Board of Trustees The following members of the Board have held office since.. Kay Perrott (Sin November 20151 Catherine Perkins Isince June 20181 Ceri Meloy Isince November 20191 Ann Hodgson Isince January 20221 Susan Legge (since January 20221 Emma Louise Brule (since February 20231 Vilija Uzkurnyle (since August 20231 All Trustees are also members of the company wth the exception of appointees and ci>opled members. Under the CompaniesAct 2006 definf(ion, all members of the Board are directors of the company.
CYFANNOL WOMEN'S AID LIMITED TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 In accordance wlh the Articles of Association all members of the Board retire al each Annual General Meeting and are eligible for re-election. Govorning Document Cyfannol Women's Aid ICWAI is a charilable company limiled by guarantee, which was incorporated on 29 November 1994. The company was established under a Memorandum ofAssociation which established the ctjjecls and powers of the charitable company. In the event of the company being wound up members are required lo contribute an amount not exceeding £1 towards any shortfall. Trustee Induction and Training The trustees, as company directors, have overall responsibility for the management of the organis*ion as outlined in the Standing Orders reflected in the Constitution and are governed under its Articles of Association. The Board of Trustees have responsibility of ensuring the organisation operates wthin the law and wthin the confines of any contract il has in place with other bodies such as grant giving organisations, housing associations, and local aulhorilies. The Trustees work collectively ensuring the business of the organisation is conducted openly and with inlegrily, ensuring that CWA operates within the terms of the conslilulion and overall aims and objectives of the organisalion. The Board of Trustees are responsible for defining the strategic direction of the group, for moniknring and regulating the standards of service delivery and for overseeing the financial affairs of the group. The day-to-day management of the group is delegated to the organisations, CEO as laid out in the System of Delegated Powers. The Trustees ensure that new members are recruited or elected on a systematic and continuous basis in order that there Is always a core of experienced members. Election of Iruslees is undertaken having regard lo the constitution and lakes place al the AGM. New trustees are sought who have experience in related areas of work and who have an understanding of Violence Against Women, DomesticAbuse and Sexual Violence. They receive induction training that involves a visit to the offices and a meeting with the CEO other workers. They are provided with a copy of Standing Orders and Delegated ALJthority and information relating lo a description of the service. There is a role description for Trustees and in addition new Trustees are provided with up-to-date information on the role of Trustees and a guide lo the relevant National Occupational Standards. Key management personnel The criteria used for setting the pay and remuneration of the charity's key management personnel remuneration is currently based on the market value, comparing salary levels for Core roles across similar size charities lo ensure the pay rates are competitive. 12-
CYFANNOL WOMEN'S AID LIMITED TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Reference and admlnlstratlve detslls Registered charity name Cyfannol Women's Aid Charity nurnber 1045890 Company registration number 2995805 Reglst8r9d offlca 3 Town Bridge Buildings Park Road Ponlypool Torfaen NP4 6JE Trustees Catherine Perkins - Chair Ceri Meloy - VI Chair Emma Brule- appointed 1312123 Ann Hodgson Susan Legge Kay Perrott Vilija Uzkurnyle- appointed 118123 Tina Hatlon-Evans- resigned 8111122 Delyth Prf(chard - resigned 716123 Emma Rose- resigned 115123 Karen Turner- resigned 8111122 Meiron Walkins- resigned 8111122 Secretary Susan Legge- appointed 8111122 Meiron Watkins- resigned 8111122 Key Management Personnel Helen Swain- Chief Executive Officer Sally Howells- Director of Sexual violen servIs Jo Parry- Director of Domestic Violence services Helen Kell- Director of Income and Development Debra Richards- Communications Director Susy Watkins- Finance Director Ilo March 20231 Sarah Screen- Finance Director (from March 20231 Deanna Parry- Director of People and Culture Auditors Azels Audit Services Chartered Accounlanls and Slalutory Auditors Ty Derw, Lime Tree Court Cardiff Business Park Cardiff CF23 8AB Bankers Unity Trust Bank 4 Brindley Place Birmingham B12HB 13-
CYFANNOL WOMEN'S AID LIMITED TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Audltor In accordance with the company's articles, a resolution proposing that Azets Audit Services be reappointed as auditors of the company will be put al a General Meeting. Dl$clo$urg of Infomiatlon lo audltor Each of the trustees has confirmed that there Is no information of which they are aware which is relevant to the audit, bul of which the auditor is unaware. They have further confirmed that they have taken appropriate steps lo identify such relevant information and lo establish that the auditor is aware of such information. The trustees report was approved by the Board of Trustees. C Perkins - Chair Dated.. 711112023 14-
CYFANNOL WOMEN'S AID LIMITED STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2023 The Iruslees, who are also the directors of Cyfannol Women's Aid Limited for the purpose of company law, are responsible lor preparing the Trustees Report and the financial stslemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Company Law requires the trustees to prepare financial ststements for each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financi81 stslemenls, the trustees are required to". select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP., make judgements and eslimales that are reasonable and prudent., and prepare the financial slalements on the going concern basis unless il is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any time the financial position of the charity and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 15-
CYFANNOL WOMEN'S AID LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CYFANNOL WOMEN'S AID LIMITED Oplnlon We have audited the financial statements of Cyfannol Women's Aid Limited (the 'charity'l for the year ended 31 March 2023 which comprise the statement of financial activities. the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable the UK and Republ of Ireland Iuniled Kingdom Generally Accepted Accounting Praclicel. In our opinion, the financial slatemenls". give a true and fair view of the state of the ¢harilable company's affairs as al 31 March 2023 and of its incoming resou8 and application of resou$. for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditorts spOnSIbl1rt1eS for the audit ol the financial slalements section of our report. We are Independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial slalemenls, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have nDI identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability lo continue as a going concern for a period of at least twelve rnonlhs from when the financial slalements are authorised for issue. Our responsibilities and the responsibilities of the trustees Imth respect lo going concern are described in the relevant sections of this report. Other inforniation The other information comprises the information induded in the annual report other than the finala1 statements and our auditorfs report thereon. The trustees are responsible for the other information contained within the annual report. Our opiniDn on the financial statements does not cover the other infomiation and we do not express any fomi of assurance conclusion Ihereon. Our responsibility is lo read the other Information and, in doing so, consider whether the other Information is materially inconsistent wth the financial slalements or our knoedge obtained in the course of the audit, 01 otherwise appears to be materially misstated. If we identify such malerral Inconsi51encies or apparent material misstslemenls, we are required lo determine whether this gives rise lo a material misstalemenl in the financial stslemenls themselves. If, based on the work we have performed, we conclude that there is a material misstslement of this other information, we are required lo report that fact. We have nothing to report in this regard. Matters on which wg ar& requirod to report by 8xception We have nothing to report in respect of the followng mallers in relation lo which the Charities (Accounts and Reports) Regulations 2008 require us lo report lo you if, in our opinion.. the infomiation given in the financial ststemenls is inconsislenl in any material respect with the trustees report., or sufficient accounting records have not been kept., or the financial slalements are not in agreement with the accounting records.. or we have not received all the information and explanations we reqLJire for our audit. 16-
CYFANNOL WOMEN'S AID LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CYFANNOL WOMEN'S AID LIMITED Responslbllltles of trustees As explained more fully in the statement of trustees responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such Internal control as the Iruslees determine is neSSary ID enable the preparation of financial statements that are free from material misslatemenl, whether due lo fraud or error. In preparing the financial statements, the trustee5 are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related lo going concem and using the going concern basis of accounting unless the trustees either intend lo liquidate the charitable company or to cease operations, or have no realistic altemalive but to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordan ¥Mth the Act and relevant regulations made or having effect thereunder. Our objectives are lo obtain reasonable assurance about whether the financial slalements as a whole are free from m8teri81 misslatemenl, whethèr due lo fraud or error, and lo issue an audilorfs report that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a material misslalement when it exists. Misslatemenls can arise from fraud or error and are considered material rf. individually or in the aggregate. they Could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial slatemenls. A further description of our responsibilities is available on the Financial Reporting Council's website al.. https.'Il www.frc.org.uklaudilorsresponsibilities. This description forms part of our auditor's report. Extent to which the audit was considered capable of detecting irregularities, including fraud Irregularities, Induding fraud, are Instances of non-compliance with laws and regulations. We design procedures in line wth our responsibilities, outlined above and on the Financial Reportin9 Gouncil's website, to delect material misslalements in respect of irregularities, including fraud. We obtain and update our understanding of the enlily, its activities, ils control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that frameworf(. Based on this understanding. we identify and assess the risks of material misstatement of the financial statements, whether due lo fraud or error. design and perfomi audit procedures responsive lo those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary lo applicable laws and regulations, including fraud. In response to the risk of irregulaiilies and non-compliance with laws and regulations, including fraud, we designed procedures which induded". Enquiry of management and those ¢harged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud., Reviewing minutes Df meetings of those charged with governan., Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the enlily through enquiry and inspection,. Reviewng financial statement disclosures and testing to supporting documentation lo assess compliance with applicable laws and regulations", Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal wurse of business and reviewing a¢counling estimates for indicators of potential bias. Because of the inherent limitations of an audit, there is a risk that we will not delect all irregularities. including those leading to a material misslalement in the financial statements or non-compliance with regulation. This risk increases the more that Complian wlh a law or regulation is removed from the events and transactions reflected in the financial stalemenls, as we will be less likely lo become aware of instances of norFcomplian¢e. The risk of not detecting a material misslalemenl resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresenlalions, or the override of internal control. 17-
CYFANNOL WOMEN'S AID LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CYFANNOL WOMEN'S AID LIMITED This report is made solely to the charity's trustees, as a body. in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stsle to the Charity's trustees those matters we are required to slate lo them in an auditors, report and for no other purpose. To the fullest exlenl permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Azets Audit Services 5 December 2023 Chartered Accountants Statutory Auditor Ty Derw, Lime Tree Court Cardiff Gale Business Park Cardiff United Kingdom CF23 8AB Azels Audit Services is eligible for appointment as auditor of the charity by virtue of ils eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. 18-
CYFANNOL WOMEN'S AID LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestrlcted Restrlcted funds funds 2023 2023 Total Unrestrfcted Restrlcted funds funds 2022 2022 Total 2023 2022 Notes ncome from. Donations and legacies Charitable activities Other trading ath"vities Investments 62,287 2,809,711 14,617 5,421 62,287 1,551,418 4.361,129 14,617 5,421 32,800 2,429,121 14,991 716 2.015 1,881,246 34,815 4,310,367 14,991 716 Totsl Income 2,892,036 1,551,418 4,443,454 2,477,628 1,883,261 4,360,889 Charitable activities 2,571,262 1,548,400 4,119,662 1,782,565 2.073.716 3,856,281 Net incoming resources before transfers 320,774 3,018 323,792 695,063 1190,455} 504,608 Gross transfers betteen funds 15,0141 5,014 1205,5111 205,511 Nat incom8 for tho yearl Net movement in funds 315,760 8,032 323,792 489,552 15,056 504,608 Fund balances at 1 April 2022 2,061,276 300,567 2,361,843 1,571,724 285,511 1,857,235 Fund balancès at 31 March 2023 2,377,036 308,599 2,685,635 2,061,276 300,567 2,361,843 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 19-
CYFANNOL WOMEN'S AID LIMITED BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Notss Flxgd assets Tangible assets Current assets Debtors Cash at bank and in hand 738,915 695,948 331,989 1,784,465 431,476 1,482,946 2,116,454 1,894,422 Credltots: amounts falllng due wlthln one year 14 1169,7341 1228,5271 Net current assets 1,946,720 1,665,895 Totsl assets less current liabilities 2,685,635 2,361,843 Ineome funds Restricted funds Unrestricted funds Designated funds General unrestricted funds 16 308,599 300,587 17 910,907 1,466.129 953,712 1,107,564 2,377,036 2,061,276 2,685,635 2,361,843 The ¢ompany is entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023, allhoLJgh an audit has been carried out under section 144 of the Charities Act2011. The directors acknowledge their responsibilvcies 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 ils financial slalements under the requirements of the CompaniesAct 2006, for the year in qLJestion in accordance with section 476. These financial slalements have been prepared in accordan with the provisions applicable to ¢ompanies subject to the small companies regime. The financial stslemenls were approved by the Trustees on 0711112023 C Perkins Tru$t99 Company Reglstratlon No. 299580S -20-
CYFANNOL WOMEN'S AID LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Notes Cash flows from opgratlng actlvltlgs Cash generated from operations 22 397,975 460,460 Investing activities Purchase of tangible fixed 8ssels Investment income received {81,8771 5,421 1197,5071 716 Net cash used In Investlng actlvltles 176,4561 1196,7911 Net cash used in financing activities Net increase in cash and cash equivalents 321,519 263,669 Cash and cash equivalents at beginning of year 1,462,946 1,199,277 Cash and cash 9qulvalents al end of y9ar 1,784,465 1,462,946 21
CYFANNOL WOMEN'S AID LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles Charity infomiation Cyfannol Women's Aid Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 3 Town Bridge Buildings. Park Road. Pontypool. Torfaen. NP4 8JE. 1.1 Accounllng conventlon The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Stslemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191" The charity is a Public Benefit Enlily as defined by FRS 102. The financial slalemènts are prepared in sleding, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded lo the nearest £. The financial $18temenls have been prepared under the historical cost convention. The principal accounting policies adopted are sel out below. 1.2 Going concern Al the lime of approving the financial slalements. the Iruslees have a reasonable expectation that the charity has adeqLJate resoLJrces 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 siatements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitsble objectives. Designated fijnds comprise funds which have been sel aside al the discretion of the trustees for SfiC purposes. The purposes and uses of the designated funds are set out In the notes to the financial slalements. Reslricled funds are subject lo specific conditions by donors as to how they may be used. The purp)ses and uses of the restricted funds are sel out in the notes to the financial slalemenls. 1.4 Income Income is recognised when the charity is legally entitled lo il after any performance conditions have been met, the amounts can be measured reliably, and il 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 Performan conditions require deferral of the amount. Income lax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the lime of the donation. Income from grants, whethèr 'capilal' grants or 'revenue' grants, is recognised when the charity has enlillement lo the funds, 8ny performance conditions attached lo the grants have been mel, il is probable that the income will be received and the amount can be measured reliably and is not deferred. Capitsl grants are released to the Slalemenl of Financial Activities in the year of receipt. Fixed assets relating lo capitsl grants are ¢apitslised, and depreciation charged is offset against the grant income, in a restri¢ted fund. -22-
CYFANNOL WOMEN'S AID LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ounllng poll¢lg$ Icontlnugdl Investment income is included when re1Vable. Rental income and housing benefit income is accounted for in the period to which the service has been provided. No amounts are included in the financial statements for services donated by volunteers. Tumover is measured al the fair value of the consideration received or receivable and represents amounts receivable for goods and setvi¢es provided in the normal course of business, nel of discounts, VAT and other sales related tsxes. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo make a payment to a third paty, it is probable that settlement will be required and the amount of the obligation can be measured reliatly. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. Costs are allocated between the different categories according to the nature of the cost. INhere o)sts are shared, they are apportioned beheen the categories on a basis consislenl with the use of the resources. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities. includes both costs that can be allocated directly 10 such aclivilie5 and those costs of an indirect nature necessary lo support them. Govemance costs include those costs associated with meeting the conslilutional and stslulory requirements of the charity and include the audit fee and costs linked lo the strategic management of the charity. Support costs include central fijnctions and have been allocated to activty cost categories on a trAsis consistent with the use of resources. 1.6 Tangible fixed assets Tangible fixed assets are initially measured al cost and subsequently measured al cost or valuation, nel of depreciation and any impaimient losses. Depreciation is recognised so as lo write off the cost or valuatson of assets less their residual values over their useful lives on the following bases". Refuges Oftice equipment Fixtures, fittings & therapy shed Motor vehides 2% on cost 25% on cost 250A on wst 250h on net book value 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 stslemenl of financial acbvities. It is the charity's policy to not capilalise computer equipment where the individual value of the item does not exceed £2,000. 1.7 Impairment of fixed assets Al each reporting end dale, 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 IndatIOn exists, the recoverable amount of the asset is eslimaled in order to determine the extent of the impairment loss lif anyl. -23-
CYFANNOL WOMEN'S AID LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ounllng poll¢lg$ Icontlnugdl 1.8 Cash and cash equival8nl$ Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-temi liquid investments wth original maturities of three month5 or less, and bank overdrafts. Bank overdrafts are shown thin borrowings in current Iiabililies. 1.9 Financial instruments The charity has elected lo 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 balan sheet when the charity becomes party lo the conlraclual provisions of the Inslrumenl. Financial assets and liabilities are offset, wf(h the net amounts presented in the financial stalemenls, when there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo settle on a nel basis or to realise the asset and sellle the liability simultaneously. Basic financial assets Basic financial assets. which include debtors and cash and bank balances. are initially measured * transaction pri 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 rale of interest. Financial assets classified as receivable within one year are not amortised. Derecognition of financial assets Financial assets are derecognised only when the contractual rights lo the cash flows from the asset expire or are settled, or when the Charity transfers the financial asset and substsntially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third paty. 8aslc flnanclal liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing Iransaclion, where the debt instrument is measured at the present value of the future payments discounted al a market rate of interest. Financial liabilities dassified as payable wthin one year are not amortised. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are ¢lassified 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 subsequenuy measured at amortised cost using the effective interest method. Derecognilion of financial liabilities Financial Iiabililies are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The costs of short-lerm employee benefits are recognised as a liability and an expense, unless those costs are required lo be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entidement is recognised in the period in which the employee's services are received. Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed lo lerminale the employment of an employee or to provide termination benefits. -24-
CYFANNOL WOMEN'S AID LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ounllng poll¢lg$ Icontlnugdl 1.11 Retir&m•nt benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.12 Taxation As a registered charity, Cyfannol Women's Aid Ltd is enlilled to the exemption from laxalion in respect of income and capital gains received with sections 478489 of the Corporation Tax Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to r(s charitable objects PLJrposes only. 1.13 Operating leases Rentals payable under operating leases, are charged as an expense on a straight line basis over the term of the relevant lease. 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 eslimales and associated assumpts.ons are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these eslimales. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting eslimales are recognised in the period in which the estimate is revised where the revision affects (x)ly that period, or in the period of the revision and future periods where the revision affects both current and future periods. Donatlons and legacles Unrestricted Unrestricted Rèstricted funds ftjnds ftjnds Total 2023 2022 2022 2022 Donations and grfts 62,287 32,800 2,015 34,815 -25-
CYFANNOL WOMEN'S AID LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charltable actlvltles 2023 2022 Grants Rents and service charge income 3,193,411 3,352,711 1,167,718 957,656 4,361,129 4,310,367 Analysis by fund Unrestricted funds Restricted funds 2,809,711 2,429,121 1,551,418 1,881,246 4,361,129 4,310,367 Grants Torfaen County Borough Council BBC Children in Need The National Lottery Community Fund The Henry Smith Charity poli and Crime Commissioner Monmoulhshire County Council Newport City Council Blaenau Gwenl Wesl Mercia Rape & Sexual Abuse Support Centre Violence Against Women, DomesticAbuse and Sexual Violence I WG Violence Against Women, DomesticAbuse and Sexual Violen Ministry of Jusb"ce Welsh Women's Aid The Pilgrim Trust Welsh Government Welsh Government l Torfaen CBC Hodge Foundation Gwent Sheriff INallich Olhei l TVA and First Give The Home Office cyp 499,181 49,460 370,469 560,393 34,004 405.865 89,200 144,266 225,184 237,273 425.139 8,100 238,762 65,749 226,068 186,027 183,559 312,542 442,338 151,225 19,674 214,017 60,683 3,297 629,087 34.546 15,000 5,000 619,762 14,037 5,000 33,838 5,778 31.118 500 3,193.411 3,352,711 -26-
CYFANNOL WOMEN'S AID LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Other tradlng actlvltles Unrestricted Unrestricted funds ftjnds 2023 2022 Other income 14,617 14,991 Investments Unrestricted Unrestricted funds funds 2023 2022 Interest receivable 5,421 716 -27-
CYFANNOL WOMEN'S AID LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 7 Charltable actlvltles As rastatgd 2022 2023 Staff costs Depreciation and impaimient Other staff costs Premises costs Office costs Repairs and renewals Insurance Legal, consultancy, professional and HR costs Subscription and membership fees Bank and credit card charges Resources Accommodation costs Donations 1,804,958 38,910 248,606 35,925 101,892 10,576 7,388 27,725 7,729 445 93,122 602,204 1,191 1,750,405 25,849 158,718 51,833 9,873 4,467 5,429 29,149 137,751 520,228 190 2,980,671 2,693,892 Grant ftjnding of activities (see note 81 427,938 404,828 Share of support costs (see note 91 Share of governan costs Isee note 91 699,781 11,272 749,557 8,004 4,119,862 3,856,281 Analysls by fund Unrestricted funds Restricted funds 2,571,262 1,782,565 1,548,400 2,073,716 4,119,662 3,856,281 Grants payable 2023 2022 Grants to institutions.. Calan DVS Cardny Womens Aid Gorwel Wesl Wales Domestic Abuse Service RASASC 125,097 106.936 80,985 103.733 11,187 99,570 105.886 103,847 95,525 427.938 404,828 -28-
CYFANNOL WOMEN'S AID LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Support costs As restsled 2023Support costs Governan costs Support Governance costs costs 2022 Staff costs Other staff costs Premises costs Office costs Repairs Insurance Legal, consultancy and professional fees Subscription and membership fees Bank and credit card charges Resources Accomodalion Costs 376,973 26,657 115,023 135,549 762 11,532 376,973 26,657 115,023 135,549 782 11,532 408,086 15,351 111,440 163,700 408,086 15,351 111,440 163,700 9,997 9,997 21,157 21,157 34,404 34,404 3,647 3,647 4,904 4,904 1,118 83 7,280 1,118 83 7,280 1,181 371 123 1,181 371 123 Audit and accountancy fees AGM, trustee training and other costs 8,160 8,160 6,600 6,600 3,112 3,112 1,404 1,404 699,781 11,272 711,053 749,557 8,004 757,561 Analysed belween Charrtable activity'es 699,781 11,272 711,053 749,557 8,004 757,561 Governance costs includes payments lo the auditors of £7,160 12022.. £5,600) for audit fees and £1,000 12022.. £1,000) for accountancy fees. Contained within legal, consultancy and professional fees are payroll services provided by the auditor of £3,24712022. £3,180). 10 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits from the charity during the year. No trustees were 1Mbr$ed for expenses during the current or prior year. -29-
CYFANNOL WOMEN'S AID LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 11 Employees Numberofemployees The average monthly number of employees during the year was.. 2023 Number 2022 Number Total staff 96 95 As restated 2022 Employment costs 2023 Intages and salaries Social security costs Other pension costs 1,971,941 171,386 38,604 1,960,279 158,090 40,122 2,181,931 2,158,491 Key management personnel The key management personnel of the charity during the period are noted in the trustees report. The total employee benefits received by the key management personnel during the yeai was £352,078 12022.. £303.8231. Redundancy The charity paid no redundancy costs during the year12022.' £8,1151. There were no amounts oulstsnding al the current or prior year end. Pensions The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension Cost charge rePSentS contributions payable by the company lo the fund. The lolal contributions paid by the charity during the year totslled £38,60412022.' £40,122). There were amounts oulslanding at the year end of £6.41412022.' £9,847). The number of employees whose annual remuneration was £60,000 or more were.. 2023 Number 2022 Number £60,001 to £70,000 30-
CYFANNOL WOMEN'S AID LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 12 Tanglble fixed assets Refuge5 Fixtures, Motor vehiGles fittings & therapy shed Totsl Cost Al 1 April 2022 Additions 669,245 86,106 55,278 10,690 26,599 766,041 81,877 Al 31 March 2023 669,245 141,384 37,289 847,918 Depreciation and impaimient Al 1 April 2022 Depreryation charged in the year 38,792 13,380 22,513 21,729 8,788 3,801 70,093 38,910 Al 31 March 2023 52,172 44,242 12,589 109,003 Carrying amount Al 31 March 2023 617,073 97,142 24,700 738,915 Al 31 March 2022 630,453 63,593 1,902 695,948 13 Debtors 2023 2022 Amounts falling due within one year- Trade debtors Other debtors Prepayments and accrued income 110,853 1.015 220,121 375,380 515 55,581 331.989 431.476 14 Creditors: amounts falling due within one year 2023 2022 Not9$ Other tsxation and social security Deferred income Trade credilois Other creditors Accruals 40,119 10,513 77,528 8,256 33,318 37,555 21,228 112,566 15,380 41,798 15 169,734 228,527 31
CYFANNOL WOMEN'S AID LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 15 Deferred Income 2023 2022 Arising from grants 10,513 21,228 10,513 21,228 Deferred income is included in the financial statements as follows.. 2023 2022 Balan brought fOnard Income received Income released 21.228 359,754 1370,4691 6.720 420,373 1405,8651 Balance carried forward 10,513 21,228 32-
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CYFANNOL WOMEN'S AID LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 19 Share capltal The company is limited by guarantee and has no share capital. Each director of the company has agreed that, in the event of a winding-up, they will contribute an amount not exceeding £1 towards any shortfall. 20 Operatlng lease commltments At the reporting end date the charity had outstanding commitments for ftjlure minimum lease payments under non-cancellable operating leases, which fall due as follows.. 2023 2022 Within one year Between two and five years 40,326 6,705 43,222 43,785 78,270 87,007 Lessor Al the reporting end dale the charity had conlraeted wth tenants for the following minimum lease payments". 2023 2022 Within one year 459 21 Related party transactions There were no disclosable related paty transactions during the year12022 - none). 22 Cash generated from operations 2023 2022 Surplus for the year 323,792 504,608 Adjustments for.. Investment income recognised in $18temenl of financial aclivi(ies Depreryalion and impairment of tangible fixed assets 15,4211 38,910 17161 25,849 Movements in working capital.. Decreasellincreasel in debtors IDecreasellincrease in creditors {De¢reasellin¢rease in deferred income 99,487 148,0781 110,7151 187,0531 3,264 14,508 Cash generated from operations 397,975 460,460 39-
CYFANNOL WOMEN'S AID LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 23 Analysls of changes In net funds The charity had no debt during the year. Prlor perlod adlustment The 2022 financial statements Classified all expenditure as direct charitable expenditure wthin the financial slalements. with the exception of an element of govemance costs. The charity have revised the allocations during the current and prior year to allocate any central costs to support costs lo ensure a more accurate allocation of costs is presented. As such the 2022 accounts have been restated. The restslemenl affects the following". Charitable activities expenditure note Support costs note The following corrections were made.. DR support costs.. £749,557 CR charitable activities expenditure.. £749,557 This adjuslmenl has not impacted the results previously reported for the prior year or the reserves al the prior year end. A ftjrther restatement has been made in relation lo £14,843 of agency staff costs which were Classified within the wages and salaries category. The restalemenl affects the following.. Charitable activities expenditure note Wages and salaries note The followng corrections were made.. DR other staff costs.. £14.843 CR wages and salaries.. £14,843 This adjustment has not impacted the results previously reported for the prior year or the reserves at the prior year end. -40-