Charity registration number 1045890
Company registration number 2995805 (England and Wales)
CYFANNOL WOMEN'S AID LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

CYFANNOL WOMEN'S AID LIMITED
CONTENTS
Page
Trustees report
Statement of trustees responsibilities
15
Independersl auditor's report
16-18
statement of finan¢ial aotivilies
19
Balance sheet
20
Slatement of cash flows
21
Notes lo the financial statements
22-41

CYFANNOL WOMEN'S AID LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial slalements have been prepared in accordance with the accounting policies set oul in the notes lo the
financial statements and comply with the charity's goveming document, the Companies Act 2006 and "Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing the￿ accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeclive
1 January 2019)"
Objectives and activities
OVERVIEW
Vision
Everyone is empowered to flourish in a life free from Violence Against Women,
Domestic Abuse and Sexual Violenc
Mission
To deliw acnJssG￿n(a raryof person￿ andtram4rrforn*d sffiryce5toanypuson, particthartywomen orchildren,
who FAsexperRnced anylomi ofWJolence Asainst Women Domestic Abyseand sex￿{lY￿￿Ce, r4Trrdless oltheir
needs andthe muthpledisadvantage5 theyfate.
Values
Integrity
Sell.Awareness
Cdlabornti
RvAlience
Dedicaiion
Ambilion
ewi
con
Inually evo
learning, evaluating and adapting.
is
Slralegic Goals
needsolourc(thmvDII.
D]4*ne team

CYFANNOL WOMEN'S AID LIMITED
TRUSTEES REPORT (CONTINUED){INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Commitment of purpose:
Cyfannol Women's Aid (Cyfannol) believes that a world without domestic abuse and sexual violence is one lo aspire
to. We believe that all people who are victim5 of abuse and violence should receive person-led and trauma-
infortrted services. We acknowledge that overwhelmingly. domestic abuse and sexual violence is committed against
women and that VAWDASV is a gender-based issue and a cause and consequence of gender inequality.
As a charity, our key role is therefore lo support women and children to flee abus& and violence, recover from their
experiences and to flourish in a life in which violence and abuse no longer happens to them.
This ideology will be reflected in our charity name. mission, vision and values.
Cyfannol recognls@s that gender idenlily is an important issue. and we believe in people's righl to self-dèfine. Our
services specifically for women will welcome anyone who's gender inlersecls with Ihat of female and anyone who
believes il's the right servico for them.
We 90 through an in-depth assessment with anyone tho wants to access any of our support Setvices 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. including dispersed refuge properties
Iself-conlained accommodation tjnits) across Gwent. as well as outreach and communily-based support services.
We will continue lo deliver some services thal are accessible to people of any gender. including some of our sexual
violence services, Our Independent Domestic Violence Advocacy serVi￿S and our Children and Young People
servlces.
Wherg there are opportunities lo expand our support through funding intended for all people, we will consider..
The importance of the Opportunity in terms of advancing our mission."
Whether Cyfannol's unique and holislic approach can improve provision in that area- and-
Whether we are best placed to tender independenlly or with a trusled partner.
In the continual evolution of our serVi￿s. we listen to many voices. We speak directly to the women. childfen and
other people that are experts through experience, asking Ihem ath)ul their needs. how our services have impacted
on their lives and what additional setvices are required. We lislen lo our leam, asking them to share
Iheir experiences, asking where Ihey feel we work well and where improvemenls can be made. Finally, we speak lo
the range of partners, funders and commissioners who support our work lo identify how they view us and Ihe
services we deliver.
We will continually adapt in response to the emerging needs of the people who use our services and in response to
the challenges and opportunities created from the extemal environrnent.
A¢tlvitles~ Summary:
Cyfannol supports people across Gwent who have experienced any form of Violence against Women, Domestic
Abuse or Sexual Violence, Ihrough refuge, outreach and community-based services. Wilh established Hwb's in
Pontypool. Abergavenny, Ebbw Vale and Newport and more than 45 years of experience, our dedicated teams help
people lo feel safer, recover from their experiences and rebuild their lives. empowering individuals lo flourish in a
life free from violence against women, domestic abuse and sexual violence (VAWDASVI
Public Benefit-
As sel out above all our charitable activities are undertaken lo further our charitable Pufposes for the Public Benefit.
The Trustees have referred lo the guidance contained in the Charity Commission's 'Charities and Public Benefil..
general guidance on Public Benefit when reviewing Ihe charity's aims and objectives and in planning its future
activities. In particular, the Trustees consider how planned activities will conlribute lo the aims and objeclives Ihal
have been sel.

CYFANNOL WOMEN'S AID LIMITED
TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Achievements and performance
Accommodation Services- 275 beneficiaries
Our accommodation is available lo people experiencing and form of Violence Against Women. Domestic Abuse and
Sexual Violencè (VAWDASV)
We offer 3 different iypes of accommodation-
Refuge
Supported Housing (for women exploited through the sex industry)
Longer-term move-on (Tai Cytannol)
Refuge
We are able to support over 50 people at any one lime. offering a mix of communal refuge space and self-conlained
dispersed flats and houses, a15 with different levels of support available. This broad portfoliD means that we can
accommodate women and families wilh different needs and requirements, including Ihose who..
Prefer to live alone
Benefit from living with others
Benefit from having the support team on sile 2417
Have mulliple and c0-occurr1r￿ needs
Have larger families andlor older children (including dependant adult children)
Hav8 disabilities and carers
Have a pel. including dogs
We also have 1 flal and 1 family sized home Ihat afe suitable for people of all genders.
Supported Houslng for women exploited through the sex industry
'Arcadia' is a unique provision in Wales offering 5 women. who are experiencing exploilalion through the sex
induslry, a home. Women have specialist support and security services available 2417, a piivale bedroom, shared
facilities. therapy hwb and garden.
Tai Cyfannol
We offer women who have previously used our services, particularly our refuge services, the opportunity to move
into longer term transilional accommodation. We have a mix of 2 and 3 bedroom homes, offered at affordable local
market rents and meeting Welsh Qualily Housing Slandaids. Women don't need lo continue accessing suppori
after moving into Tai Cyfannol accommodation unless Ihey wish to.
Our first 2 homes were established in Torfaen and Blaenau Gwent and in Ihe eafly part 202412025 Tai Cyfannol will
expand into Monmouthshire and Caerphilly.
Support impact within Refuge and Arcadia is measured though the Housing Support Grant National Outcomes
framework, which evidences the main Purpose ol the grant in relation to the following primary outcomes:
People have been able lo engage with housing related support services (advice, information and
assistance) and are beller informed aboul the options available lo them andlor know where to go lor
asslslance
People have been able lo access emergencyllemporary accommodalion or short-term supported
accommodation
People can access and sustain a sultal￿e seltled home
People can manage their existing accommodalionlhome which prevents them from either bacoming
homeless or from h8ving to access fflore coslly public services {e.g. health. social care seNicesl

CYFANNOL WOMEN'S AID LIMITED
TRUSTEES REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
And individual progress againsl the following secondary outcomes:
People have positive and heallhy relationships with people in thelr life
People feel safe
People have independence and control of Iheir day lo day 5ives
People are engaged in something meaningful to them
People's physical health is good
People are managing the impact oflheir dependency
People's mental health and wellbeing is good
Communlty Services- 1,024 beneficlaries
Our community services incorporate ctisis intervention, groupwork programmes and longer-lerm tenancy support
in Torfaen. Monmouthshire, Blaenau Gwent and Newport.
Our Hwb's in Pontypool, 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 on-going basis.
People of all genders can access the ServI￿S at the Ebbw Vake Hwb.
Referrals are accepted from agencies, as well as individuals themselves. Some crisis referrals are received via
police Public Protection Notices IPPN}, whereby individuals have given consent to be contacted by a domestic
abuse a9ency following an incident.
Women requiring ongoing support receive support lo manage their tenancies. finance. relalionships, safety and on-
going educalionltraining aspirations.
Group work figures incorporate the Own My Life programme, Recovery Toolkit and STAR Group, which mums
attend alongside their children (see section 5, below, for further information).
Area
Torfaen
Service
Community Services
Group work
Community Services
Group work
Community Services
GTOUP work
Group work
Number of people
365 wom&n
35 women
260 women
38 women
239 women and men
33 women
54 women
Monmouthshire
Blaenau Gwent
Newport
'The figures in the lable do not include PPN contacts where individuals did not access further support.
Impact is measured though the use of the Supporting People National Outcomes framework which monitors
distance travelled by women las explained in l }.
Chlldren and Young People's Support- 150 beneflclarles
We offer a range of Children and Young People's Support Services. comprising of..
Mentoring programme for boys
Girls Groups
1:15UPPOrt
STAR Group
Ar Trac Support Services (see section 5. below)
The Mentoring Project is delivered across Monmouthshire and Torfaen to boys aged &16 who have experienced
domestic abuse. The aim is to help them wilh behavioural challenges and managing feelings they might be
experiencing. A mentor will engage with a child once a week for 9 months (under 11sl or once a week for 8 weeks,
as part of a group (11-16 yrs}.

CYFANNOL WOMEN'S AID LIMITED
TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The mentoring project supports the child lo.. feel more self-confident.. ielale better lo others,. develop a stronger
sense of responsibility., understand the consequences of their actions,. improve their concentration., and improve
attendance and attainment at school.
Girls Groups are for girts aged 11-15 across Monmoulhshire who have previously lived in a home where there was
an unhealthy relationship between adults. These supportive, peer-led groups meet weekly for 8 weeks to work on
small art and craft projects. The sessions offer an opportunity for the girls to listen and support each other. whilst
developing Iheir understanding of heallhy relationships.
These groups focus on.- Expressing ourselves in healthy and appropriale ways- Positive communication; Building
self-esteem. Resilience; and Coping strategies.
The STAR Group programme 7-11 is for children who have experienced familial domestic abuse. Their parent or
main caregiver allends a group al the same lime to help them strengthen their relationship with Ihew 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 nol their fault. leam how lo communicate more positively with their non abusive
parent.
We offer 1.1 Support across Gwent to help children and young people feel emotionally and practically supported
following their experience of domestic abuse. The aim is lo empower Ihem to make positive choices in Ihair present
and future, feel safe, and gain knowledge and skills in how to slay safe. Our Young Person's Independent Domestic
Violence Advisors provide specialist advocacy and support for young people aged 11-18 affecled by domestic
abuse and identified as at high risk of serious harm. This service is for young people who have grown up in
households where domestic abuse is presenl, and young people who arelhave experienced violence or threats of
violence in their own relationships (intimate or other).
Iiiteryeiitioii
One-to-one m&nloring
Mentor-led boys groups
Glrls Groups
STAR Group
1.1 Support
Nuinber Df beneficiaiiE5
7 boys
30 boys
11 girls
11 children
91 children
Ar Trac Project: Children and Young People's Support in Blaenau Gwent & Newport
beneftciaries
177
The Ar Trac project launched in April 2020 to support children and young people aged 5-16, who have experienced
or witnessed domestic abuse and who are exhibiting difficulties with Iheir family and peer relationships.
Ar Trac is delivered across 10 areas by 5 regional project partners. Cyfannol is the lead partner, overseeing the
project, and delivering interventions within Newport and Blaenau Gwent.-
The project brings together a range of interventions, 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 Ihe 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 programme sessions delivered
Total number
177
439
75

CYFANNOL WOMEN'S AID LIMITED
TRUSTEES REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Horizon Sexual Violence Servlces (Gwent wide)- 545 beneficiaries
Our speciallst Horizon Sexual Violence Services offer a range of support for people of all genders across Gwent:
Independent Sexual Violence Advisors (ISVA) for adults and children who have experienced any form of
sexual violence or childhood sextjal abuse.
Therapeutic interventions, including counselling services for children and young people and adult suNivors
of childhood sexual abuse.
Group work programmes (such as Sexual Violence Recovery Toolkit), peer support and group-based
creative therapies
Sexual Exploitalion Advocacy
Indicator
Cllents recelving ISVA support
Clients receiving counselling
Groupwork attendees
Sexual Exploltatlon
Counselling waiting list at end of period
Survivors who had accessed criminal justice s
Total number
116
201
72
75
118
81
stem
The impact of ISVA support is measured in line with the Lime Culture Risk and Needs Assessment, which monitors
distance travelled in key areas of need= Harm from Olhers; Health and Medical,. Mental Health and PS￿hOlDglC8l
Wellbeing,. Coping Mechanism. Alcohol and Drug Use,. Safeguarding. Criminal Justice- Employment and Education;
Finance., Accommodation and Housing- Immigration and Residence.
Impact for counselling is measured using the C.O.R.E Therapy Assessment and End of Therapy Forms which
involve client's self-assessment of Well-being, Symptoms, Functioning and Risk.
Boost (Gwent wide)- 18 beneficiaries
Gwent Boost is a partnership project aimed to empow8r individuals with lived experiences by providing
opportunities within Iheir communities.
Cyfannol Women's Aid is co-delivering the Targeted Peer Advisor Programme wilh St Giles Trust. We support by
recruiting women with lived experiences to become peer advisors and help with breaking down the barriers
preventing women with lived experience attending work. These peer advisors will go into support roles where their
lived experience can be used in a positive way.
The programme offers training, placement, professional development, and support around the framework of Level 3
Advice and Guidance qualification, giving the peer advisors the skills and qualifications to move into employment
and make progress in the new lives.
Tabw (Gwent and South Wales police force areas)- 49 beneficiaries
Tabw provides emotional support and advocacy for viclim-survivors of police perpetrated Violence Against Women,
Domestic Abuse and Sexual Violence who live or work in the South Wales or Gwenl Police force areas. The project
also offers this support to police colleagues. This imparlial and confidential service is delivered in partnership with
Vale Domestic Abuse Services.
The specialist service is required because viclim-sutvivors of police perpetrated domestic abuse face increased and
unique challenges, due lo the power Imbalan￿ caused by the profession of the perpetrator. There are additional
challenges faced by polico force employees who experience impact in both their personal and professional lives.
The Independent Polico Perpetrated Domestic Violence Advisor {IPPVA) specialists provide emotional and practical
SLlPPOrt to encourage viclim-survivors to reach out. responding to Iheir wider negds. Tha servic8 providas advocacy
through the criminal, civil and if appropriate, the police internal processes.

CYFANNOL WOMEN'S AID LIMITED
TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Financial review
The charity made a lolal surplus of £105,074 for Ihe year ended 31 March 2024 {2023'. £323,792) consisting of an
unrestlicled surplus of £47,200 {2023-. £320,774) and a reslricled surplus of £57,874 {2023'. surplus.. £3,018) before
transfers.
Cyfannol finances ils activities through speciffic funding streams including Government funding, private grant
providers and through raising our own income Ihough rental income.
Our main funders are..
SetViC81 Project
Accommodalion & Community Services
Funderl Conlractorl Grant
Welsh Government Housing Support Grant via
Torfaen County Bofough Council, Monmouthshire
Counly Council. Blaenau Gwent County Borough
Council & Neviporl Clty Council
The National Lotlery Community Fund via Ihe
Wallich as the Lead Partner
South Wales Poli￿ & Crime Commissioner via
Vale DAS as Ihe Lead Parlner
The National Lottery Community Fund
Gweni Police & Crime Commissioner
Welsh Government VAWDASV Thirif Sector
Revenue Grant
Ministry of Justi
The Home Office
BBC Children in Need
The Home Office via Welsh Women's Aid
Welsh Government Sustainable Social Services
Furid
Horizon Sexual Violence Se￿ICes
CYP Services
Other
The National Lottery Communily Fund (Digital)
Moondance Foundation
Hodge Foundation
Welsh Government VAWDASV Capital Grant
Cyfannol has a number of policies and procedures in place to ensure that funds are controlled, monilored and
checked against Ihe annual budget for income and expenditure. These procedures set 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 lasks 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 Ihey see fil. monies not immediately required for
the furtherance of its objects.

CYFANNOL WOMEN'S AID LIMITED
TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Reserves Pollcy
The Board of Trusle8s recognise their obligalion to protect the organisation from risk of insolvency or serious
disruption of ils work with women who have suffered outcomes of domestic abuse and also to apply the Charity's
Income within a reasonable time of receipt for the benefit of its clients and tho organisation.
Income is generaled in tho main from Ihe organisalions, aclivilies. therefore il is the intention of Ihe Trustees that
reserves will be created and maintained from surpluses.
It is the Trustees, assessment thal possible liabilities would be 5 months outgoings of up lo £1,e￿6,7B3 to cover
legal obligations and liabilities based on 1000/0 ongoing conlractual commitments (all short-term capital grants and
short-term Covid grants have been deducled from Ihe calculations)-
The rese￿e$ of the charily at the year-end were £2.790.70g {2023= £2.685,635) consisling of unreslricled rese￿@$
of £2,661,994 (2023.. £2,377,036) and restricted reserves of £128.71512023: £308.5991. The free reserves of the
charity {unreslricted reserves, less fixed assets and other designated funds) totalled £1,458,231 (2023.
£1,466,129).
The level of free reserves 18 currently below the charity's r8seNe policy. The plan is to build Ihe free reserves over
time and to work towards achieving the charity's reserves policy. Over the last few years, significant progress has
been made towards this.
Annual Statement on Fundraising
This statement covers the requirement charities must follow as set out in the Charities (Protection and Social
Investment) Act 2016.
Cyfannol WA is regislered wilh the Fundraising Regulator and are commilled lo the Fundraising Promis& and
adherence lo the Ccide of Fundraising Practice. Our Charity Development & Fundraising Manager is a full member
of the Institute of Fundraising.
In 2023124 il cost us £4,359.631 lo provide Violence against Women. Domestic Abuse, and Sexual Vidence
services in Gwent. Appioximalely 61°h of this came from slatulory sources, 29Yo from rental income, 8010 came from
trusts and foundations, 10/. from donations and 1 /[* from other income and investments.
OLtr lundraising effort involves encouraging donations through 9rant applicalions, and community fundraising
activity. All fundraising activity lo date has been carried out in-house, and we have no immediate plans lo engage
third party professional fundraisers.
Policies and procedures are in place covering all aspects of fundraising,
including donations from vulnerable people, and dealing with complaints.
Over the last 12 months, we have been successful in allaining new granls for revenue and capital projects.
Plans for the forthcoming year
We recognise thal challenges within fundraising will continue over the next 12 months as people and organisalions
have more demand on their resources. Our Fundraisiro Strategy is a working document and is frequenlly
reviewed. Key activity wilhin Ihis strategy will include..
A continued focus on trusl and foundalton support, particularly in the development of children and
young people services.
A new approach lo legacy and corporale gifting
Increased stewarding activity lo beller engage with our supporters, funders. and commissioners.
Funding priorities for 202412025:
Sexual Vi018nce support services
Adult 8ducational groupwork
Children & Young People Services
CriSi￿[M￿ed1ale VA WDASV support in Newpi)rt
Relenlffon and expansion wilhin the Housing Support Grant programme

CYFANNOL WOMEN'S AID LIMITED
TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Statement of Risk Management
Cyfannol WA is committed lo ensuring effective financial management Ihrough a system of monitoring, checks and
controls, and to ensure that financial malleis ale considered al a strategic level and Ihal there is forward planning.
The above includes a managed approach lo financial issues which may presenl a rÈsk to the organisalion.
The organisalion has in place a system of business planning which indudes an account of currenl and future
operational activily and the financial implications.
Effective financial management will be achieved through the following aclivilies:
A Strategic Plan incorporating the Fundraising Slralegy. establishing an annual budgel..
Reporting and monitoring income and expenditure..
A system of delegated aulhorily regarding financial management.
The process of auditing accounts., and
A process of PESTLE scanning and Strategic Risk Management
The sector in which we operate. contlnues lo face many challenges and risks. As we move into 2024-2025 the
challenges and risks reflected in Ihis strategy and Dur priorities for action. include:
There is a housing crisis across the UK and Wales which is deeply impacting survivors of dorneslic abuse,
exacerbated by the cosl-of-living crisis. This means we a￿ seeing women and children slaying longer in
refuge due a lack of suitable accommodation lo move onto, which can In some case5 be detrimental to their
recovery. This also means there are le55 refuge spa￿S available to wotnen in crisis. with demand on spaces
outstripping supply.
Cyfannol has long been committed lo providing quality. trauma-informed. person-led services, that 8re informed
by the experts by experience. We are conscious that these approaches could be better developed acrc6s the
charity and there is a need for enhanced training and a plan lo underpin a consistency and effectiveness of our
approaches.
With 2 of our Housing Support Grant conlracls due to go out to tender during 202412025 and some other grant
funding endinglapproaching renewal, there is a risk of reduction in our overall income and the breath of
seThices we offer.
2023124 was very challenging for Cyfannol in terms of navigating some commissioner's decisions and
approaches. Whilst commlssioners say they welcome consortia and partnership approaches, the reality is that
'financial envelopes, are not realistic and opportunities to work with lik&mind organisations are becoming les5
and less viable.
There are now less support services available to people in Gwent who have experienced sexual viol&nce.
Recruilmenl and retention remain a challenge within the sector as we move into Ihe financial year 202412025,
though the overall piclure has improved. We still face significant compelilion between our sectDr and similar
roles in Local Aulhorilies, due to the unfair differentials in salary and pension levels.
Supporting the wellbeing of our leam members through the cost-of-living crisis, whilsl 51ruggling lo recruit,
whilst dealing wilh the lack of inflationary uplist in grants and contracts has been a significant challen9e.
Brexit. pandemic recovery, worldwide unrest, and the UK cost of living crisis continues lo impact of the peopl8
we SLtpport, our team and how we run the charity. We have, as expected, experienced several knock-on
effects, including increases in costs, reduced donations. a change in the funding climate due to the increased
demand on trusls and foundations and changes to law and legislalion.
We remain very conscious of the emerging changes in society and the conversallons in the sector atDund
gender, inlerseclionalily and how VAWDASV seTvices aren't as well designed as they could be for some Ltnder-
iepresented groups including women ol global majority. We are mindful Ihal individuals have their own unique
needs, and we want to provide a more equitable and accessible seNice.

CYFANNOL WOMEN'S AID LIMITED
TRUSTEES REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Plans for future periods
With the above challenges and risks in mind, we have considered the key opportunlties and priorilEs for 202412025
to be=
Continuing lo expand Tai Cytannol across Gwent, offering quality, affordable long-lerm move-on homes lo
women and their families. is rocognised as being of high importance in the Welsh Government's VAWDASV
Strategy. We have an opportunity to continue applying for capital grants lo support this endeavor plus investing
our own reserves.
Concluding initial exploralive thinking and planning on how lo improve our trauma informed responses and
progressing real improvements during though improved training. shared consistent underslanding and Ihrough
tilising tho voices of experts through experience.
Investing lime and energy lo gel 'tender ready. so that when the opportunities open on the market we are in the
besl posilion possible to move quickly, describing our unique offer in a creativè and visual way and ensuring
our funding model is up lo dale so that resulting seNices are properly resourced.
Funding and developing the following services will receive high priority in 202412025..
SBxual Vi018nc8 SUPPOrt services
Adult educational groupwork
Children & Young People Semces
CriSi￿#Mm￿dlat& VAWDASV support in Newport
As the largest provider of VAWDASV services In Gwenl, we recognise thal we can &xtend our sliategic
networking. doing morè to target our external communications, and leading conversations lo highllght our
specialism and expertise. This includes responding to networking opportunities driven by business and cross-
sector inilialives to boost awareness of Cylannol in the wider community and build links to support both
communications and fundraising.
The need for the voices of people we support lo be at the heart of our organis81ional developments has never
been grea16r, as competition for funding becomes ever more fierce. We will be facilitating this formally during
2024 by introducing a new Engagement Officer role lo the communications and development leam, with
responsibilily for selling up a participation group to inform developmenl planning.
Cyfannol has good cash reseNes and a growing physical asset base, Ihough only generates a small amount of
unrestricted income and il is getling more challenging lo fund some projects and address gaps as the charily
grows. There is a dependency on contracts, wilh a reduction in accessibility of trust and foundation
funding. There will be opportunities in 202412025 to expand our reach. and we will continue lo exploie ways to
diversify our income streams, building on 2023's corporale and legacy giving successes.
Internally, Cyfannol is in a strong position with ils team and culiure. Whilst disparity still exists between the
Charity sector and others (such as Local Authority) which continues to impact our recruilmenl and relenlion, we
have seen positive changes, including an increase in the numbers of quality applications. and more
applications from and appointments of people wilh diverse backgrounds and protected characlerlstics. We are
offering a more competitive package including higher salaries following a recent external independeiil
benchmarking exercise and a small uplifi in HSG funding lor 202412025. supporting us lo become a Real Living
Wage Employer.
To evolve our cullure further, we will ensure that we employ people who not only have the right skills and
experiences bul are also a good match to the organisalion's values and workplace behaviour expeclalions. We
will continue lo encouiage diversity within our workforce and further our employment offer, relenlion incentives
and succession planning.
10-

CYFANNOL WOMEN'S AID LIMITED
TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
With our annual team Survey providing us insight into some inconsislencies in how we induct, Irain, manage
loams and support team members, a key focus will be to bring about organisalional consistency, focu5sing on
the well-belng, leaming, developmenl and recognilion of our team members lo foster an environment ol safely
and stability.
Cost savings on re-negotiated supplier conlracls have already started lo flow through. Dufing 2024125 we will
continue to build on this work to ensure that Cytannol receives the most effective seNices possible al the most
efficient price point.
Cyfannol h8s key strengths related to our purpose and values, Ihough we know from recent studies we could
do more to reach more minoritized. global majorily and inteiseclional communities. We welcome and endorse
Ihe Welsh Government Anli-racism plan and understand we have a parl to play in making Wales gn 8ntÈ-racist
nation. We have recently secured updated training for our leam and are developing our related plans.
11

CYFANNOL WOMEN'S AID LIMITED
TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
structure, governance and management
Board of Trustees
The following members of the Board have held office since:
Ceri Meloy (since Novemb8r 2019)
Ann Hodgson {since January 2022)
Susan Legge (since January 20221
Emma Louise Brule (since February 2023)
Vilija Norke (since Augus12023)
Anne O'Donahue (since February 2024)
Jodie Mccarthy-mills {sinco Novemljor 2024)
Stephen Dwyer (since November 2024)
All Trustees are also members of the company with Ihg exception of appointees and c(>opted members.
Under the Companies Act 2006 definition. all members of the Board are directors of the company.
In accordance with the Articles of Association all members of the Board retire at each Annual General Meeling and
are eligible for re-election.
Governlng Document
Cyfannol Women's Aid ICWA) is a charitable company limited by guarantee. which was incorporated on 29
November 1994. The compar)y was established under a Memorandum ofAssociation which eslablished the objec15
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 Tralnlng
The trustees, as company directors. have overall responsibility for the management of the organisalion as outlined
in the Standing Orders reflected in the Conslilulion and are governed under its Articles of Association.
The Board of Trustees have responsibility of ensuring the organisalion operates within the law and within the
confines of any contract il has in place wilh other bodies such as grant giving organisalions. housing associalions,
and local aulhorilies. The Trustees work collectively ensuring the business of Ihe organisation15 conducted openly
and with inlegrily, ensuring that CWA operates within the teTms of the conslitulion and overall aims and objectives ol
the organisalion.
The Board of Trustees are responsible for defining the stralegic direction of the group, for monitottng and regulating
the standards of service delivery and lor overseeing the financia5 affairs of the group.
The day-to-day management of the group is delegated lo the organisalions. CEO as laid out in Ihe System of
Delegated Powers.
The Trustees ensuré that new members are recruited or elected on a syslematic and continuous basis in older that
there is always a core of experienced members. Election of Irltslees is undertaken having regard to the constitution
and lakes place at the AGM. New Iruslees 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 induclion training that involves a visit to the offices and a meeling with the CEO and other workers.
They are provided with a copy of Standing Orders and Delegated Authority and information relating to a description
of the service. There is a role description for Trustees and in addition new Truslees are provided with up to dale
information on the role of Trustees and a guide lo U)e 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 maikel value. comparing salary levels lor core roles across similar size charities lo ensure
the pay rates are compelilive.
12-

CYFANNOL WOMEN'S AID LIMITED
TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Reference and administrative details
Registerod charily nama
Cyfannol VVDmen's Aid
Charity number
1045890
Company regi5tratlon number
2995805
Registered offlce
3 Town Bridge Buildings
Park Road
Pontypool
Torfaen
NP4 6JE
Trustees
Ann Hodgson- Chair
Emma Brule- Vice Chair
Vilij2 Uzkurnyle- Treasurer - appoinled 01108123
Ceri Meloy
Susan Legge
Anne O'Donoghue - appointed 06102124
Slephen Dwyer- appointed 12111124
Jodie Mccarthy Mills 8ppointed 12111124
Emma Rose- resigned 01105123
Delyth Prilchard - resigned 07106123
Catherine Perkins - resigned 07111123
Kay Perrott - resigned 12111124
Secretary
Emma Rose - resigned 07111123
Kay Perrott - appoinled 07111123, resigned 12111124
Anne O'Donoghue - appointed 12111124
Key Management Personnel
Helen Swain - Chief Executive Officer
Joanna Parry- Director of Support SeNices
Deanna Parry- Director of People & Culture
Debra Richaids- Director of Communications & Development
Sarah Screen- Director of Finance & Business Services
Sally Howells - Director of Sexual Violence Services Ilo August
2023)
Helen Kell - Director of Income and Development Ilo May 2023}
Auditors
A2ets Audit Services
Chartered Accountants and Stalutory Auditors
Ty Derw. Lime Tree Courl
Cardiff Business Park
Cardiff
CF23 8AB
Bankers
Unity T￿st Bank
4 Brindley Place
Birmingham
B12HB
13-

CYFANNOL WOMEN'S AID LIMITED
TRUSTEES REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Auditor
In accordance with the company's articles, a resolution proposing that Azets Audit Services be reappoinled as
auditors of the company will be pul al a General Meeting.
Disclosure of information to auditor
Each of the Iruslees has confirmed that there is no information of which they are aware which is ￿levant lo the
audit, bul of which the auditor is unaware. They have further confirmed that they have taken appropriate sleps to
identify such relevant information and to eslablish that Ihe auditor is aware of such information.
The Iruslees report was approved by the Board of Trustees.
A Hodgson
Chai
Dated..
14-

CYFANNOL WOMEN'S AID LIMITED
STATEMENT OF TRUSTEES RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees, who are also the directors of Cyfannol Vvomen's Aid Limited for Ihe purpose of company law, are
responsible for preparing the Trustees Report and the financial slalements in accordance with applicable law and
Unlled KingdDm Accounling Standards (United Kingdom Generally Accepted Accounting Praclicel.
Company Law requiies the trustees lo prepare financial statements for each financial year which giv6 a Irue and fair
view of the slate of affairs of the charity and of the iricoming resources and application of resources, including the
income and expendilure, of the charilable company for that year.
In preparing Ihese financial slalements. the trustees are requlred to..
select suitable accounting policies and then apply Ihem consistently-
observe the methods and principles in the Charilies SORP-
make judgemeiils and estimates Ihat are reasonable and prudenl-
slate whether applicable UK Accounling Standards have been lollowed, subject lo any material departures
disclosed and explained in the financial statements- and
prepare the financial statements on the gotng concern basi5 unless it is inappropriate to presume thal the charity
will conlillue in operation.
The trustees are responsible for keeping adequate aGcounting reGords Ihal disclose with reasonable accuracy at
any lime the financial position of the charity and enable them to ensure that the financial statemen Is comply with the
Companies Act 2006. They are also responsible for safeguarding the assels of the chaiily and hence for taking
reasonable steps for Ihe prevention and detection of fraud and other irregularities.
The Iru8lees are responsible for the maintenance ar7d integrity of the charily and financial information included on
the charity's website. Le91slation in the United Kingdom governing Ihe preparation and dissemination of financial
slalemenls 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
Opinion
We have audlted the financial statements of Cyfannol Women's Aid Limited (Ihe 'charity'} for the year ended 31
March 2024 which comprise the statement of financial activities, the balance sheet, the slalement of cash flows and
notes lo the financial slalemenls. including significant accounting policies. The financial reporting framework Ihat
has been applied in Iheir preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Sland8rd 102 The Financial Reporting S18nd8rd applicab16 in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial slatemenls..
give a true and fair view of the slate of the charitable company's affairs as at 31 March 2024 and of ils
incoming resources and application of reSoUr￿s, for the year then ended-
have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting practi￿.,
and
have been prepared in accordance with the requirements ol the Companies Act 2006.
Basis for opinion
We conducted our aLidit in accordance with International Slaridards on Auditing {UK) (ISAS IUKI} and applicable
law. Our responsibilities under those standards are further described In the Audilorfs responsibillties for Ihe audit ol
Ihe lin8nci21 stalemenls section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant lo our audit of Ihe financial statements in the UK. including the FRC'S Ethical
Slandard, and we have fulfilled our other ethical responsibilities in accordance wilh these requirements. We believe
that the audit evidencè we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions Telating to going concem
In auditing the financial slalements, we have concluded that the Irustees use of the going concern basis of
accounting in Ihe preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material unceriainlies relating lo events or
condilions Ihal, individually or colleclively, may casl significant doubl on Ihe charity's ability lo crjnlinue as a going
concern for a period of al least twelve months from when the financial statements are aulhorised for issue.
Our responsibililies and the responsibilities of Ihe Iruslees with respect lo going concern are described in the
relevant sections of this report.
Other Informatlon
The other information comprises the information included in Ihe annual report other than the finarrial slalements
and our audiloi's report Ihereon. The trustees are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover Ihe other information and we do not express any form
of assurance conclusion Ihereon. Our respoi)sibility is to read the other information and, in doing so, consider
whelher thè other informaliori is materially inconsislent with Ihe financial stalemenls or our knowledge obtained in
the course of the audil, or Othe￿ise appears to be malersally misstated. If we idenlify Such material inconsistencies
or apparent material misstatements, we are required lo determine whelher this gives rise to a malerial misslatemenl
in the financial statements themselves. If, based on the work we have performed, we conclude thal Ihere is a
material misslalemenl of this olher information. we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing lo report in respect of Ihe folloiving mallers in relation lo which the Charities {Accounls and
Reporisl Regulations 2008 require us to reporl lo you if, in our opinion..
the iiiformalion given in the financial statements is inconsistent in any material respect with the Iruslees
report.. or
sufficient accounting records have nol been kept., or
the financial slalemenls are not in agreement wilh the accounting records: or
we have not retteivod all the information and explanations wo require for our audit.
16-

CYFANNOL WOMEN'S AID LIMITED
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE TRUSTEES OF CYFANNOL WOMEN'S AID LIMITED
Responsibilities of trustees
As explained more fully in the statement of Iruslees 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 inlernal conlrol as the Iruslees determine is necessary lo
enable the preparation of financial statements that are free from material misstalemenl. whether due lo fraud or
efror. In preparing the financial slalements, the trustees are responsible for assessing the charity's ability to
continue as a goin9 concern, disclosing, as applicable. malters related lo going concern and using the going
concern basis of accounting unless Ihe Iruslees either intend to liquidate the charitable company or lo cease
operations, or have no realistic allernalive but to do so.
Auditor's responsibilities for the audit of the financial slatemenls
We have been appointed as auditor under section 144 of the Charities Acl 2011 and report in accordance with Ihe
Acl and relevant regulations made or having effect thereunder.
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from
material misslalement, whether due to fraud or error. and lo issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee th81 an audit conducted in accordance
wilh ISAS {UK} will always delect a material misstatement when it exists. Misstatements can arise from fraud or
error and are consideied material if, individually or in the aggregate, Ihey could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities is available on the Financial Reporting Council's website al.. htlps'.11
www.frc.org.uklauditorsresponsibilities. This descriplion forms part of our auditor's report.
Extent to which the audit was considered capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities. outlined above and on the Financial Reporting Council's website, lo detect malerlal
misslatemenls in respect of irregularities, including fraud.
We obtain an(J update our underslanding of the enlity, ils activities, ils control environment, and likely future
developments, including in relation lo the legal and regulatory framework applicable and how the enlily is complying
wilh Ihal framework. Based on Ihis underslanding, we identify and assess the risks of material misstalemenl of the
financlal statements, whether due to fraud or error, design and perform audit procedures responsive to those risks,
and obtain audit evidence that is sufficient and appropriale lo provide a basis for our opinion. This includes
consideration of the risk of acts by the enlily Ihat were contrary to applicable Saw8 and regulations, including fraud.
In response lo the risk of irregularities and non-compliance with lay￿ and regulations. including fraud, we designed
procedures which included..
Enquiry of managemenl and those charged with governance around actual and potential liligalion and
claims as well as actual, suspected and alleged fraud-
Reviewing tninutes of meetings of those charged wilh governance.,
Assessing the extent of compliance with the laws and regulations considered to have a direct material
effect on the financi81 slatemenls or the operations of the enlily through enquiry and inspection-
Reviewing financial slalement disclosures and testing lo supporting documentation lo assess compliance
wilh applicable laws and regulations.
Performing audit work over the risk of management bias and override of controls, including lesling of
journal entries and other adjustments for appropriateness, ev21u81ing the business r21ionale of significant
transactions outside the normal course of business and revievling accounting eslimales for indicators of
potenllal bias.
Because of the inherent limifalions of an audit. there is a risk Ihat we will not detect all irregularities, Including those
leading to a material misstatement in the financial slatemerits or non-compliance with regulation. This risk
increases the more Ihal compliance with a law or regulation is removed from Ihe events and trarisactions reflected
in the financial stalemenls, as we will be less likely to become aware of instances of norFcompliance. The risk of
not detecling a material misslatÈmenl resulling Irom fraud 15 higher than for one iesullin9 from error, as fraud may
involve collusion, forgery, inlen(ional omissions, misrepresentations. 01 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
Use of our report
Tliis report is made solely lo the ch8rily'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 stale lo the charity's Iiuslees
those malters wo ar6 required lo stale to Ihem in an auditor's report and for no other purpose. To Ihe fullesl éxtent
permilled by law, we do nol accept or assume responsibilily to anyone other than Ihe charity and the charily's
trustees as a body. for our audil work, for this report. or for Ihè opinions we have formed.
Aw
Azets Audit Serrfices
17 December 2024
Chartered Accountants
statutory Auditor
Ty Derw, Lime Tree Court
Cardiff Gate Business Park
Cardiff
United Kingdom
CF23 8AB
Azets Audit Servlces is eligible for appoinlmenl as auditor of the charily by virlue of its eligibility for appoinlm6nt as
audilor of a COTnpany under section 1212 ofthe Compani8s Act 2006.
18-

CYFANNOL WOMEN'S AID LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Reslri¢ted
funds
funds
2024
2024
Total
Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
ome from.
Donations and
legacies
Charitable activities
Other trading
activities
Investments
49.308
2,721.039
49,308
4,379.960
62,287
2.809,711
62,287
4,361,129
1,658.921
1,551,418
11,766
23.671
11.766
23,671
14,617
5.421
14,617
5,421
Total income
2,805.784
1.658.921
4,464.705
2,892.036
1,551,418
4,443,454
Charitable activities
2,758.584
1,601.047
4.359.631
2,571,262
1,548,400
4,119,662
Net incoming resources
before transfers
47.200
57,874
105,074
320,774
3,018
323,792
Gross transfers
between funds
237,758
{237,758)
(5,0141
5,014
Net incomol(8xp8ndltura)
for the yearl
Net movement in funds
284.958
(179,884)
105.074
315.760
8,032
323,792
Fund balances al 1 April
2023
2,377,036
308,599
2,685,635
2,061,276
300.567 2,361,843
Fund balances at 31
March 2024
2,661.994
128,715
2,790,709
2,377,036
308,599
2,685,635
The slalemenl of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from conlir)uing activities.
The statement of financial activities also complies wilh the requiremenls for an income and expendituie accounl
under the Cornpanies Act 2006.
19-

CYFANNOL WOMEN'S AID LIMITED
BALANCE SHEET
AS AT31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible assets
Current assets
Deblors
Cash al bank and in hand
14
920.644
738.915
15
637,433
1.516.099
331.989
1,784,465
2.153.532
2.116.454
Creditors.. amounts falling due wlthln
one year
16
(283,467)
{169.734}
Net current assets
1,870,065
1,946,720
Total assets less current liabilities
2.790,709
2,685,635
Income funds
Restricted funds
strict d f
Designated funds
General unrestricted funds
19
128.715
308.599
nr
20
1.203.763
1,458,231
910,907
1,466.129
2,661,994
2.377,036
2,790,709
2.685,635
The company is enlilled lo the exemption Irom the audit requirement contained in section 477 of the Companies Act
2006, for Ihe year ended 31 March 2024, although an audil has been carried out under section 144 of the Charities
Act2011.
The directors acknowledge their responsibililies for complying wilh Ihe iequirements of the Companies Act 2006
wilh respect lo accoursling records and th8 preparation of financial statements.
The members have nol required the company lo obtain an audit of ils financial slatemenls under the requirements
of Ihe Companies Act 2006, for the year in question in accordance with section 476.
These financial slalement5 have been prepared in accordance with the provisions applicable to companies stsbjecl
lo Ilie small companies Fegime.
The fi
ancial stalernenls were approved by the Tnjslees on .
A Hodgson
Trustee
Company Registration No. 2995B05
-20-

CYFANNOL WOMEN'S AID LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operatin9 activities
Cash (absorbed byllgeneraled from
operalions
25
{63.655)
397,975
Investing actlvitles
Purchase of tangible fixed assets
Inveslment income received
(228,382)
23.671
(81,877)
5.421
Net Cash used in investing activitie5
(204,711)
176.4561
Net cash used in financing actlvllles
Not Idecrease)Ilncrease In cash and cash
equlvalents
(268,366)
321.519
Cash and cash equivalents at beginning of year
1,784,465
1.462,946
Cash and cash equivalents at end of year
1.516.099
1,784,465
21

CYFANNOL WOMEN'S AID LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounttng policiès
Charity information
Cyfannol Women's Aid Llmited is a private company limited by guarantee incorporated in England and Wales.
The registered office is 3 Town Bridge Buildings, Park Road, Ponlypool, Torfaen, NP4 6JE.
1.1 Accountlng convention
The financial stalemenls have been prepared in accordan￿ with the charity's governing document, the
Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable lo charities preparing iheiT accounts in accordance wilh Ihe Financial Reporting Standard
applicable ii) the UK and Republic of Ireland (FRS 1021 (effective 1 January 2019)" The charity is a Public
Benefil Enlily as defined by FRS 102.
The financial slalemenls are prepared in sterling. which is the functional currency of the charity. Monetary
aniounls in these financial slalements are rounded to the nearest £.
The financial slalemenls have been Pfepared under the historical cost convenlion. The principal accounting
policies adopled are set out below.
1.2 Going concern
At the lime Df approving the financial slalements, the truslees have a reasonable expectation that the charity
has adequate resources lo continue in operational existence for the foreseeable future. Thus Ihe trustees
continue lo adopt the going concern basis of accounting in preparing the financial stalemenls.
1.3 Charitable funds
Unreslilcted funds are available for use al Ihe discretion of the Iruslees in furtherance of their charilable
Gbjeclives.
Designatèd funds comprise funds which have been sel aside at the discretion of the trustees for stEcific
purposes. The purposes and uses of Ihe designated funds are set out in Ihe notes to the fi'nancial slalemenls.
Reslricled funds are subject to specific condilions by donors as to how they may be used. The purtK)ses and
uses of the reslricted fund5 are set out in the notes to Ihe financial statements.
1.4 Income
Income is recognised when tho charily is legally entitled lo il after any performance condition5 have been met,
the amounls can be measured rellably, and it is probable that income will be received.
Cash donations are recognised on receipt. other donalions are recognised once th& charity has beon notified
of Ihe donation, unless performance conditions reqL¢ire deferral of the amounl. Income lax recoverable in
relation lo donations received under Gift Aid or deeds of covenanl is recognised at the lime of the donation.
Income frorn grants, whether 'capilal' grants Dr 'revenue' granls. is recognised when the charity has
enliilemenl lo the funds, any performance conditions attached to the grants have been mel, it is probable that
the income will be received and the amount can be measured reliably and is not delerred. Capital grants are
released lo the Slalemeiil of Financial Activilies in the year of receipt. Fixed assets relating to capilal granls
are capilalised, and depreciation charged is offset againsl the grant income, in a restricled fund.
22-

CYFANNOL WOMEN'S AID LIMITED
MOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
Investment income is included when receivable.
Rental income and housing benefit income is accounted for in the period lo which the service has been
provided.
No amounts are included in the financial statements for seFvices donated by volunteers.
Turnover is measured al Ihe fair value of the consideralion received or receivable and represents amounls
receivable for goods and services provided in the normal course of business, nel of discounts. VAT and other
sales related taxes.
1.5 ExpenditUTe
Expendituie is recognised once there is a legal or conslructive obligalion lo make a payment to a third parly. it
is probable that settlement will be required and the arnount of the obligalion can be measured reliaily.
Irrecoverable VAT is charged as a cosl against the activity for which the expenditure was incurred.
Costs are allocaled between the different categories according to the nature of the cost. Where costs are
shared. they are apporiioned beiweon the calegories on a basis consislent with the use of Ihe iesources.
Chafilab1e expenditu￿ comprises those costs incurred by the charity in the delivery of ils activities.
includes both costs that can be allocated directly lo such activities and Ihose cosls of an indirecl nature
necessary lo support them. Governance costs include those costs associated wlth meellng the conslilutional
and stalulory requirements of the charity and include the audil fee and costs linked to the slralegic
management of the charity.
Support costs iiiclude central functions and have been allocated to activity Cost categories on a basls
consistent wilh the use of resources.
1.6 Tangible fixed assets
Tangible lixed assets are inilially measured at cost ar￿ subsequently measured al cost or valu81ion, net of
depreciation and any impairment losses.
Depreciation is recognised so as lo write off Ihe cost or vallsalion of assets less their residual values over their
useful lives on the following bases..
Refuges
Offjice equipment
Fixtures, fillings & therapy shed
Motor vehicles
2% on cost
25QA on cost
250A on cost
25¢A on net tK)ok value
The gain 01 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 Ihe statement of financial aclivilies.
It is the charity's policy to not capitalise cotnputer equipmenl where the individual value of the item does not
exceed £2.000.
1.7 Impalrment of Ilxed assets
At each reporting end dale, the charity reviews the carrying amounts of its tangible assets lo delermine
whelher there is any indication that Ihose assets have suffered an impairment loss. If any such ind￿allOn
exists. the recoverable amounl of the assel is eslimaled in order lo determine the exlenl of Ihe impairment
loss (if any).
-23-

CYFANNOL WOMEN'S AID LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
1.8 Cash and cash equivalents
Cash and cash equivalents indude cash in hand, doposits held at call wilh banks, other short-term liquid
inveslmenls with original malurilies ol three tnonlhs or less. and bank oveidrafts. Bank overdrafts are sliown
within borrowings in current liabililies.
1.9 Financial instruments
The charity has elecled lo apply the provisions of Section 11 'Basic Financial Instruments, and Seclion 12
'Olher Financlal Inslrumenls Issues. of FRS 102 to all ol ils financial inslrumenls.
Financial instruments are recognised in the charitrfs balance sheet when the charity becomes party lo the
contractual provisions of Ihe instrument.
Financial assets and liabilities are offset, with the nel amounls presented in Ihe financial slalemenls. when
there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo setlle on a
ne¢ basis or to realise the asset and settle Ihe liability simultaneously.
Basic flnancial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured al
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 Iransaclion is
measured al Ihe present value of the future receipts discounted at a market rale of inleresl. Financial assets
clasgified as receivable wilhin one year are not amortised.
Derecognition offinancial assets
Financial assets are derecognised only when the contractual rights lo Ihe cash flows from the asset expire or
are sellled, or wheii the charity transfers the financial asset and substantially all the risks and rewards of
ownership lo anolher enlily, or if some significant risks and rewards of ownership are retained but control of
the asset has transferred to another party that is able lo sell the assel in its entirety to an unrelated third party.
Basic financial liabilAtles
Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless
the arrangement conslilules a financing transaction. where the debt instrument is measured 81 the present
value of the future payments discounled al a market rate of interest. Financial liabilities classified as payable
wilhin one year are not amortised.
TTade creditors are obligations lo pay for goods or seNices that have been acquired in Ihe ordinary course of
operatlons from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presenled as non-currenl liabilities. Trade creditors are recognised initially 21
Ir8nsaclion Price and subseqLtenlly measured al amortised cosl using the effective inlere81 method.
Derecogni(ion of linancial liabilities
Financial liabililies are dereco9nised when the charity's conlraclual 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 cosl of stock or fixed assels.
The cost of any unused holiday enlillement is recognised in Ihe period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide terminallon benefits.
-24-

CYFANNOL WOMEN'S AID LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
1.11 Retirement 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 entitled to the exemption from taxatlDn in respect of
income and capital gains received with sections 478-489 of the Corporation Tax Acl 2010 and seclion 256 of
Ihe Taxation of Chargeable Gains Act 1992 lo the extent that these are applied lo ils charitable objects
purposes only.
1.13 Operatlng leases
Rentals payable under operaling leases. are charged as an expense on a straighl line basis over Ihe term of
the relevant lease.
Critical accounting estimates and judgement5
In the application of Ihe charity's accounting policies, the Iruslees are required lo make judgements, eslimales
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The eslimales and associated assumptions are based on historical experience and Dlher factors Ihal
are considered lo be relevanl. Actual results may differ from these eslimales.
The estimates and underlying assumplions are reviewed on an ongoing basis. Revisions lo accounling
eslimates are recognised in the pefiod in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where Ihe revision affects both current and future
periods.
Donations and legacies
Unrestricted Unreslficled
funds
funds
2024
2023
Donations and gifts
49.308
62,287
25-

CYFANNOL WOMEN'S AID LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
other trading activilies
Unrestricted Unrestrtcted
funds
fund5
2024
2023
Other income
11.766
14,617
26-

CYFANNOL WOMEN'S AID LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charitable activities
2024
2023
Grants
Rents and service charge income
3.069,862
3,193,411
1,310,098 1,167,718
4,379,960 4,361.129
Analysi5 by fund
Unreslrlcled funds
Restricted funds
2.721.039 2,809,711
1.658.921
1,551,418
4,379,960 4.361.129
Grants
Torfaen County Borough Council
BBC Children in Need
The National Lottery Communily Fund
Gwent Police and Crime Commissioners
MonmDulhshire County Council
Newport City Council
Blaenau Gwent County Borough Council
Violence Against Women, Domestic Abuse and Sexual Violence I WG
Violence Against Women, Domestic Abuse and Sexual Violence
Ministry of Justice
Welsh Women's Aid
Welsh Govemmenl VAWDASV capital granl
Welsh Government
Hodge Foundation
High Sheiiff of Gwent
Home O￿lC2
cyp
Turn2Us
South Wales Police and Crime Commissioners
Wallich
Olher
458.935
41,115
197.702
206.834
143,723
263,701
475,311
499,181
49,460
370,469
186,027
183,559
312,542
442,338
151,228
19,674
214,017
60,663
71,339
198.885
629,982
15,000
619,762
14,037
5,000
31,118
500
262,021
25,200
22,718
44.601
12,795
33,838
3,069.862 3,193.411
-27-

CYFANNOL WOMEN'S AID LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Investments
Unrestricted Unrestrictod
funds
funds
2024
2023
Interest receivable
23.671
5,421
Charitable activities
2024
2023
Slaff costs
DepreGialion and impairment
Other staff cosls
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
Donalions
1.755.404 1,804,958
46,653
38,910
260,886
248,606
6,140
35,925
71,073
101,892
3,427
10,576
12,804
7,388
9,822
27.725
1,089
7.729
445
93,122
602,204
1.191
107,658
674,235
1,519
2,950,710 2,980,671
Grant funding of activities (see nole 8)
528.010
427.938
Share of support costs (see note 9)
Share ol governance costs {see note 9)
856.624
24,287
699.781
11,272
4,359,631
4,119,662
Analysis by fund
Unrestricted funds
Restricted funds
2,758,584 2,571,262
1,601,047 1,548,400
4.359,631
4,119,662
-28-

CYFANNOL WOMEN'S AID LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Grants payablo
2024
2023
Granls to institutions..
Calan DVS
Cardiff Womens Aid
Gorwel
Wesl Wales Domestic Abuse Service
RASASC
Other
159,792
92.582
111,315
99,431
57,390
7.500
125.097
106,936
80,985
103,733
11,187
528.010
427,938
-29-

CYFANNOL WOMEN'S AID LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs
Support Govemance
costs
costs
2024
Support Governance
costs
costs
2023
Staff costs
other staff costs
Premises costs
Office costs
Repairs
Insurance
Legal, consultancy and
professional fees
Subscripliorj and
membership fees
Bank and Gredil card
charges
Resources
Accomodation costs
471.185
95,531
125.531
125.941
11.121
4,923
471.185
95.531
125.531
125.941
11.121
4,923
376,973
26.657
115,023
135.549
762
11.532
376.973
26.657
115,023
135,549
762
11,532
9.950
9,950
21.157
21,157
5,220
5,220
3,647
3,647
2,068
4,062
1,092
2.068
4,062
1,092
1,118
83
7,280
1,118
83
1,280
Audit & accountancy
AGM, Iruslee training
and other costs
22,293
22,293
8,160
8.160
1,994
1.994
3.172
3,112
856,624
24.287
880,911
699,781
11,272
711,053
Analysed between
Charitable aclivilies
856.624
24.287
880,911
699,781
11,272
711,053
Governanc8 costs includes payments to the auditors of £15,329 (2023- £7,160) for audit fees and £6,964
(2023.. £1.000) for accountancy fees.
Contained within legal, consultancy and professional fees are payroll services provided by the auditor of
£4,018 {2023= £3,247).
10 Net movement in funds
2024
2023
Nel movemenl in funds is slated after chargingl(crediling)
Fees payable to the company's audilor for Ihe audit of Ihe company's financial
slalemenls
Depreciation of owned tangible fixed assets
22,293
46.653
8,160
38,910
11
Trustees
None of the Iruslees (or any persons connected with them) received any remuneralion 01 benefits from Ihe
charity during the year.
No Iruslees were reimbursed for expenses during the current or prior year.
-30-

CYFANNOL WOMEN'S AID LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Total staff
94
96
Employment Costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
2,016,963
171.452
38,174
1,971,941
171,386
38,604
2,226,589
2,181,931
Key management personnel
The key tnanagement personnel of the charity durtng the perlod are noled in the trustees report.
The total employee benefits received by Ihe key managemènt personnel during the year was £316,178 (2023..
£352,078).
Redundancy
The charity paid redundancy costs to the value of £32,654 during the year {2023: £nil). There were no
amounls outstanding al the cuTrenl or prior year end.
Pensions
The company operates a defined contribulion pension scheme. The assets of the scheme are held separalely
from those of the company in an independently administered fund. The pension cosl charge represent5
contributions payable by the company to the fund.
The total contributions paid by the charily during Ihe year tolalled £38.174 (2023.. £38,604). There were
amounts outstanding al the year end of £6,883 (2023.. £6,414)-
The number of employees whose annual remuneration was more than £60.000
is as follows-
2024
Number
2023
Number
£60.001 to £70,000
13 Taxatlon
The charity is exempt fiom lax on income and gains falling wilhln section 505 of the Taxes Act 1988 or section
252 of the Taxation of Chargeable Gains Act 1992 to the exlenl that Ihese are applied to ils tharitable objects.
31

CYFANNOL WOMEN'S AID LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Tangtble fixed assets
Refuges
Fixluies, MotQT vehlcles
fittings &
therapy Shed
Total
Cost
Al 1 April 2023
Additions
669,245
224.349
141,384
4,033
37,289
847,918
228,382
Al 31 March 2024
893,594
145,417
37,289
1,076,300
Depreciation and Impairrnent
At 1 April 2023
Depreciation charged in Ihe year
52,172
15,224
44,242
25,254
12,589
6,175
109,003
46,653
At 31 March 2024
67,396
69,496
18.764
155,656
Carrylng amount
At 31 March 2024
826,198
75.921
18.525
920,644
At 31 March 2023
617.073
97,142
24,700
738,915
15 Deblors
2024
2023
Amounts falllng due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
380,319
27,839
229,275
110.853
1,015
220.121
637.433
331,989
16 Creditors: amounts falling due wtthin one year
2024
2023
Notes
other taxation and social security
Deferred income
Trade creditors
Other creditors
Accruals
29,596
40,119
10.513
77,528
8,256
33.318
18
205,310
8,788
39.773
283,467
169,734
-32-

CYFANNOL WOMEN'S AID LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Retlremont benefit schemes
Defined contribution schemes
The charity operates a defined contribution pension scheme for all qualifying employees. The assels of the
scheTne are held separately from those of the charity in an independenuy administered fund.
The charge to profit or loss in respect of defined conlribubon schemes was £38,17412023 - £38,604}.
18 Deferred Income
2024
2023
Arisir¥g from grants
10.513
10,513
Deferred income is included in the financial statements as follows:
2024
2023
Balance brought fO￿ard
Income received
Income released
10,513
21,228
359,754
1370,469)
(10,513)
Balance carried forward
10,513

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CYFANNOL WOMEN'S AID LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
22 Share capital
The company is limited by guarantee and has no share capital.
Each director of the company has agreed Ihal. in the event of a winding-up, they will contribute an amount not
exceeding £1 tDwards any shortfall.
23 Operating lease commitments
At the reporting end date the charity had oulslanding commilments for future minimum lease payments under
non-cancellable operating leases, which fall due as follows-.
2024
2023
Within one year
Between two and five years
In over five years
11.925
19,366
5,909
40.326
6,705
37.200
47,031
Lessor
At the reporting end date Ihe charity had contracted with tenants for the following minimum lease paymenls..
2024
2023
Wilhin one year
459
459
24 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
25 Cash generated from operations
2024
2023
Surplus for the year
105.074
323.792
Adjlfslments for:
Investment income recognised in stalement of financial activities
Depreciation and impairment of tangible fixed assets
123,671)
46,653
(5,421)
38,910
MoveTllenls in working cBpilal-
{Increaselldècrease in debtors
Increasel{decreasel in credilors
(Decrease) deferred income
(305,444)
124,246
(10,513)
99,487
{48,078)
110,715)
Cash (absorbed by)Igenerated from operations
(63.655)
397.975
-40-

CYFANNOL WOMEN'S AID LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
26 Analysis of changes in nÈt funds
The charity had no debt during Ihe year.
41