REGISTERED COMPANY NUMBER.. 03171880 (England and Wale5) REGISTERED CHARITY NUMBER: 1054154 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR WOMENS AID FEDERATION OF ENGLAND Bevan Buckland LLP Chartered Accountants And Statutory Auditors Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA WOMENS AID FEDERATION OF ENGLAND CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Twstees 1 to 12 Statement of Trustees. Responsibiltties 13 Report of the Independent Auditor5 14 to 16 Statement of Financial Acttvities 17 Balance Sheet 18 Cash Flow Ststement 19 Notes to the Cash Flow Slatement 20 Notes to the Financial Statements 21 to 40 WOMENS AID FEDERATION OF ENGLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Women's Aid Federation of England Iwomen's Aid) continued to make strong progress in its work towards ending domestic abuse over the past financial year. The trustees of Women's Aid, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the chartty for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practi￿ applicable lo charities preparing their accounts in accordan￿ with the Finanaal Reporting Standard applicab￿ in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019). The finanryal statements comply wth the Charits'es Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities.. Statement of Recommended practi￿ applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard 102. Women's Aid Federation of England is a registered charity {Charity No. 1054154} and a company limited by guarantee Icompany No. 031718801. It is governed by its Memorandum and Artides of Assoryation. last updated in 2024 and ftimially adopted at the AGM in De￿mber 2024. Structure. governance and management The Women's Aid Board of Trustees is responsible for overseeing the management of the charity and delegales this responsibility on a day-to-day basis to the Chief ExecLrtive. During the financial year, the organisalion underwent a significant change programme to ensure its workforce and ServI￿S were sustainable. This wll be crucial lo the Su￿ssful delivery of the forthcoming strategy that was developed with input from staff and members during the finanaal year. At 31 March 2025, there is a headcount of 71 full and Part-time staff. Women's Aid Federation of England is govemed by a Board of Trustees who are responsible for the strategic direction, oversight, and legal (x)mpliance of the charity. The board meets three to four times a year and operates through subcommittees giving strategic input across the following areas- Finance, Risk and Governan People and Culture Safeguarding and Standards The commttiees, membership includes board membets and relevant staff, as well as appointed Associate Trustees from member organisations and other external experts. These Associate Trustees act in an advisory capacity only, but support and strengthen the ability of the l)oard. Financial and operational policies. agreed by the board, are also in place. which govem the management of the charity. The charity's annual business plan is produced as part of an annual planning, consurtation and budgeb'ng cycle. Annual work plans are approved by the board, and organisational perforynance is monitored against these plans, which forms the basis of qu8rtedy reports to the trustee meetings. Trustees and Executive Leadership The board members induding the thair and treasurer are appointed by the board. Each appointment is in accordan with the Women's Aid Memorandum and Artides of Association. Women's Aid is required lo have a minimum of 3 board members and a maximum of 12. Board members are required to act in the best interests of Women's Aid Federation of England and for the benefit of the membership and the charity is delivering it's objects to support members and survivors. The board is responsible for the strategic direction and govemance of the chanty. day-to-day operational management of the charity is delegated to the Chief Executive. Page 1 WOMENS AID FEDERATION OF ENGLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Trustees wth particular responsibilrties induded.. Sarah Hill, Chair (to December 20241 Madi Turpin, the new Chair (as of D￿rnber 2024}. Previously Chair of the Safeguarding and Standards Committee Jo Gough, Vice-chair Ito De￿mber 2024) Dickie James Iv1￿ Chair and Chair ofthe Safeguarding and Standards Cornrnittee (from December 20241 Lindsey Wishart, Treasurer and Chair of Finan￿, Risk and Governan￿ Committee Peri Thomas, Chair of People and Culture Committee The Executive Leadership Team is responsible ft)r operational delivery and indudes.. Farah Nazeer, Chief Executive Officer Nikki Bradley, Director of Delivery Annual General Meeting IAGMI As set out in the Articles of Assoaation, Women's Aid wll invrte all full members and board members lo an AGM. Copies of the annual report and accounts will be sent to the board members and made available to all other members prior to the online meeting. The notice calling an AGM will be sent to all members al least 21 days before the meeting date. Introductions from our Chief executive and chair Farah Nazeer. Chief execJJtive, Women's Ad Reflecting on the past year, l am proud of everything Women's Aid has achieved, parb"culady in the face of significant challenges. As we continue our mission to end domestic abuse, our federation has remained steadfast in supporting women and children across England, while advocating for systemic change. This year marked our 50th anniversary-a moment of reflection and ￿lebratiOn. We were honoured to welcome Her Majesty Queen Camilla to a special event, recognising the dedication of our staff, members, and supporters. It was also a year of organisalional transformation, as we restructured our directorates to strengthen collaboration across teams and clarify our professional offer to survivors. members. and wder aUdien￿S. Whik some services, such as Live Chat, were closed, key sutvivor-facing programmes induding No Woman Tumed Away which setves some of the most margin81ised of survivors, our Survivors Forum, and the Friends and Family resour(*s have been retained and further developed. The transfomiab'on also enables inthouse delivery of Nalional Quality Standards INQSI assessments, supporting our members wf(h a￿reditatIOn and sector leadership. These changes positson Women's Aid to be more agile, sustainable, and impactful in the years ahead. Over the past year, our federation grew stroTrger welcoming 15 new member organisalions, bringing our total membership to 185. Together, we delivered over 300 vital frontline servI￿s, reaching thousands of survivors with support tailored to their needs. In face of economic pressures, soaetal turbulen￿ and the racist and divisive narratives we are contending wilh, our federation has stood fim. We continued to advocate for all women and children, induding Blad(, minoritised 8nd migrant women, ensuring our values of indusion and solidarity rernained at the heart of everything we do. Women's Aid was also sadly affected by economic climate and was obliged to make changes lo ils structure, as well letting go of some cnlically important servi￿5 and deeply committed colleagues owing to a lack of funding. During the year, the domestic abuse and wder violen￿ Against Women and Girls IVAWGI sector in the UK saw several significant legislative and policy developments, bolstered by the Labour govemment's pledge to halve VAWG within a decade. While this signals a renewed focJJs, COn￿mS remain around funding and implementation across the sector, and Women's Aid, working wth its membership and sector partners. will always fight for deeper refomis and sustainable nding. Looking ahead, I remain hopeful. The challenges are real, but so is our progress. Our federation continues to be a powerful for￿ for change, and l am deeply thankful for every member, supporter5, Staff colleague, the survivors we work with who so bravely share their stories and so generously offer their guidan￿, to our incredible board, who volunteer of their lime so generously and to our chair(sl, Sarah Hill who stepp￿1 down in December 2024, and to M8di Makgoba-Turpin who have both been phenomenal. Their unwavering comment makes thi5 work possible. l also want to offer my heartfelt thanks to our donors and contributors without whom we would not ￿ able to do the work we do. Page 2 WOMENS AID FEDERATION OF ENGLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Together, despite the thallenges, we are building a fvture where women and chikyren are safe, supported, and free from abuse. Madi Makgoba-Tupin, Chair As Chair of the Board of Trustees at Women's Aid, I want to extend my heartfelt thanks to our CEO Farah, the staff team, our members, and all those who have supported our Work over the past year. In a tirne marked by economic Un￿rtainty, political change, and souelal instability, Women's Aid has continued to adapt, grow, and deliver on ils mission. This year, our federation marked its 50th anniversary-a significant Mi￿s1one that reflects decades of progress, resilien￿, and collective action. We also undertook a major intemal transformation lo strengthen our Servi￿ delivery and better support our members and survivors. You can read more in our Impact Report, with highlights included later in this reporL We have also tsken the opportunity to consult our mem￿rship and develop a bokj strategy outlining how we plan to redu￿ and eliminate domestic abuse. l am especially proud of the leadership and ongoing dedication shown across our organisation, from our board of trustees to our frontline teams, and of the survivor-led advocacy that continues to shape our work and inspire our movement. Our federation remains a vital for￿ in the campaign lo end domestic abuse. and l am confident that, together, we wll continue to push for a soaety where women and children are safe, supported, and free from harm. Page 3 WOMENS AID FEDERATION OF ENGLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 OBJECTIVES AND ACTIVITIES Impact highlights for 2024-25 As we look back on our 50th year as a national network of ServI￿S providing support for survivors of domestic abuse, we can ￿lebrate many achievements, including the sunificant impact Women's Aid has had on the sector, survivors and working towards a society where domestic abuse is no longer tolerated. This report highlights Women's Aid's key achievements in 2024-25 across our support for members and survivors, developing robust eviden(* and research, influenryng for a better policy landscape, and thanging societal attitudes. Our full impact report for Ihe year is available on our website at Iour Impact- Women's AKII from 28th November 2025. Engaging with members As a membership organisation, the power of us together, as a nelwork of ServI￿S united to support survivors of domestic abuse, is formidable. This year, we focused on improving our engagement with members, undertaking a research project lo listen to and understand members, needs. From this we have developed our award-winning membership strategy and a new, more comprehensive offer and engagement framework for our membership. We are delighted that our Federats'on continues to grow. 15 new member services joined Women's in 2024-25 Our federation now stands at 185 members. Influencing slakeholders through research and action -The Price of Safety111.' Our researth, the Pri￿ of Safety, shows how rt can cost approximately £50,000 for survivors lo flee abuse and rebuild their life. Whilst stale support can miloate those costs, there is still a fvnding gap of £10,000+ which is impossible to fill for many survivors. The biggest single cost is likely to be legal fees for the family court lo fight for their children's safety. The second biggest cost is housing. Only thirds of these costs are met through benefits. -continuing to campaign for improved family courts-women's AKI responded to a consultation on potentially harmful changes in the family courts which would have made mediation mandatory. The dangerous measures were Su￿ssfUllY overturned.121 Supporting survivors with whal they need when they need it We are proud that Women's Aid provided direct support to survivors and those who support them via 1,000's of correspondence, chats sessions and inteNentions. 11,756 Live Chat sessions were held A total of 10,993 emails were responded lo 659 professionals supported from soaal servI￿s, the NHS, poli￿. housing teams, VAWG services and other servI￿s. A total of 17.505 peopk registered on the Survivorfs Forum with 2.269 new registrations over the last year131 No Wornan Turned Away Our No Woman Turned Away IN￿A} project[41 employs a team of domestic abuse practitioners who provide speaalist support and advocacy lo women experiencing additional barriers to a￿Ssing refuge or other safe accommodation. 342 women engaged with and completed support from the project in 2024, a 67.6 /0 increase compared with 2023. Women re￿iVed a range of support from the specialist practitioners induding practical support lo aC￿sS safe accommodation, emotional support, referral to other servI￿s, safety planning, safeguarding, support to meet children's needs, gaining a￿sS to or sustaining mental hea￿h support, immigration and financial support. Providing emergency funding to survivors We continued to support SUNivors with small grants in 202425 through the Flexible Fund, thanks lo generous funding from the Home Offi￿. We distributed grants to survivors through our member services via funding streams. The Flee Fund supported survivors to 'stay fled. from abuse and the FLrture Fund supported sutvivors through the prO￿sS of recovering from abuse. In total the Home offi￿ Flexible Fund SUPFX)rted 2,560 survivors. The Flee Fund helped 1,822 survivors flee abuse. 74 /0 of survivors used the Flee Fund to pay for essential goods and 81.kn paid for transport andlor moving costs The Future Fund supported 738 survwors move on from abuse. Page 4 WOMENS AID FEDERATION OF ENGLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 71,/0 of survivors used the Future Fund lo purchase fvmishings and while goods and 58 10 used the money for deposit or other housing related payments. Shifting cultural attitudes and knowledge towards domestic abuse We continue lo deliver our Home offi￿funded Vvhat W0￿S Fund project entiued Expect Respect, a wrap-around programme of educab'on and support for chiklren and young people ICYPI and the professionals who work wth them. The project focuses on challenging attitude5 thal enable and excuse domesbc abuse and is an essential part of achieving a wodd where violence against women and gids is no longer tolerated. Expect Respect healthy relationships education sessions were delivered to 10,896 children and young people across schools in England achieving positive irnpacts on children and young people's understanding ol healthy relationships. Love Respect, our website for young people aged 14 - 25, almost doubled its average monthly users, increasing from 2,194 10 3,910 unique users. An active community on TikTok of more than 27.OCWJ individuals wth over 40 /0 of them being people aged 18 - 25. Using our voice to raise awareness and reduce tolerance to dornestic abuse Last year we extended our presence on sooal media with creative partnerships including House 337, Memian, LADbible and others to reach new audien￿. Our website continues to be a vital SOU￿ of infomation and support.. Our posts on social media reached over 17.6 million people. We have over 400K followers across our Instagram, TikTcd(. X, Linkedln, and Fa￿bOOk accounts, and we have gained +70K new followers. 614,898 people visited the Women's Aid website. Our media campaigns reached new aUd￿n￿S this year by partnering with creative agenaes to develop impactful short films and videos". Domestic Abuse as a National Emergency: We partnered with creative agency House 337 to create a new campaign showing that women are 50 times more likely to injured by a partner than killed in a house fire, and over three times more likely lo be killed by a partner than by not wearing a seat belt. Reached over 6 million people and brought 17,000 new followers on swal media and raised over £80,000 in unrestricted funding which ¥MII help keep our vttal servi(*s mnning. The campaign Included a drop-in event in Parliament, which provided 60 MPS lor staffers) with an opportunity to learn more about Women's Aid and our campaign. The Monster Who Came to Tea". In partnership wtth House 337, we developed a short video that takes a familiar children's tale and uses il to raise awareness of the terrifyiro reality of domestic abuse fa￿d by women and children. Reached almost 4 million people across our so￿al media channels and played a cruryal role in our ongoing campaigning for increased funding for thild survivors. Over 5, 600 people shared our open letter calling on the prime minister to provide great lifesaving support for all survivors- a minimum of £502per year. Vanwife: A groundbreaking film designed to teach viewers how to spot the red llags of ccErcive, controlling and abusive behaviour. Won two Gold awards at The British Arroy￿ for Branded Entertainment and Social Media Shortlisled for an award at the Campaign Media Awards wrthin the Public Sector and Charities. To find out more about our research visit.. www.womensaid.org.uklwhat-we-dolresearch To read more about domestic abuse and chikl contact proeeedings, read our report here.'https..l￿.womensald.Org.ukJdomeS1lc-abuSe-h￿rnan-righ1s-and-1he-fam1Iy<0UrtSI To learn more about the support services we provide. please go to". https".I1￿w.womenS3Id.Org.uk[InfornatIon-sup[X)rtI To find out more information and lo make a referral to the NI￿A project, go to.. www.womensaid.org.ukAvhat-we-dofFwork-With-survivorslnwoman-tumed-awayl 121 131 141 Page 5 WOMENS AID FEDERATION OF ENGLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Financial position The charity's total income for core adivities amounted to £5,493,384 12024". £6,030,969). This includes 8 valuation for generously donated services and faalities of £560,998 12024.. £144,590) see note 2 of the accounts for more infomation. In addition, Grant funding of £2,685,900 12024.. £1,350,000) was received for onward distribution to survivors. See note 5 for additional informabon. Underlying income exduding donated ServI￿S and facilities was £4,702,38512024.. £5,680,379). A prior year restatemenl has been carried out on the grant income and expenditure for 2024 in relation to a grant the charty entered into as an agent, this has no change lo the deficit for the prior year. Total expenditure for the year amounted to £6,916,749 (2024- £7,251,842). In addition, £2,686:463 12024. £1,284,792) was spent in relation to grant making actNilies. Undedying expenditure on (Y•re activities exduding Ihe value of donated se￿I￿S and grant making activities was £6,686,18612024.' £7,111,050). The tharity'5 assets are available and adequate to fulfil its obligations on a fvnd by fvnd basis. The charity's perf0mlan￿ during the year resulted in an actual net deficit of £1,423,365 12024-. deficit of £1,220,873) made up of restricted funds defictt of £87,710 {2024." deficit of £94,711) and unrestricted funds deficit of £1,335,655 12024". deficit of £1,126, 1621. The reason for the defiat on the unreslricted funds was due to the planned spending of designated reserves, the ending of a large multi-year grant and the organisalion not being awarded several large grants at short noti￿ coupled wth a decrease in the number of donors disbursing to national women's organisations. Page 6 WOMENS AID FEDERATION OF ENGLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Principal funding sources Women's Aid continued to benefit from a wide range of funding SoUr￿S during 2024-25 and we want to thank all our funders for their continued support. Fundraising perforrnance We are as ever enomiously grateful to all those organisations and individuals who have supported our work over the course of the year, and we remain committed to wothing wth our fijnders and donors to deliver effective solutions to domestic abuse. We would like to thank the large numbers of individuals who have continued to loyally support our work through making regular donations, responding to appeals, taking part in sponsored challenges, organising events, and speaking out on their own social media and wthin their networks about the Importan￿ of challenging domestic abuse. We would also like to thank the loyal and committed full and associate members of our federation whose subscriptions enable us to develop our member support activit*s. Community This year our amazing community fundraisers raised over £270,000. They raised funds for Women's Aid in all sorts of inspirational ways - schools organising a ￿ar it pink day,, comedy nighls, mountain dimbs, as￿nding Mount Snowden and many morel We have also seen fantastic displays of advocacy from university students, and we have created strong and impactful Charity of the Year partnerships wf(h schools across England who have taken part in fundraising events for us. Our annual flagship challenge was re-branded to the Step Forward for Survivors Challenge in September of 2024. Fundraisers were tasked wth walking or running 60 miles acmss the month and raised a collective £46.1 k (including Gift Aid). As we've seen with most years of running the 11agship challenge, 770/0 of our fundraisers had had a direct experien￿ of domestic abuse. Corporate We are very grateful to Women's Aid's corporate supporters. who are an integral part of our movement to end domestic abuse. This year we have been generously supported by our Corporate Partners.. - AVON Air BnB Bloom - L'occitane YSL Beauté Simmons and Simmons LLP -TSB Dinny Hall This year we were very fortunate in being selected by a number of companies to be their 'chanty of the yearf (including LAH, MV Kelly, Diana Porter, Disko Kids) We supported their fundraising efforts which were undertaken throughout the year, and very much enjoyed seeing the ueative ways in which they used their platforms and work forces,. and through events such as sponsored walks, CYC￿ challenges and quizzes. We also saw corporates engage in training, as well as sharing their skills and expertise wth our slaft. We are tremendously grateful for the positsve difference that all of our corporate supporters have made. We would also like to reccgnise those corporate supporters who wish their contributions to remain anonymous, and those we have not been able to name here. We are grateful for all your support. Trust and Ststutory Women's Aid are very grateful to re￿1ve the support of Tnjsts, Foundations and Statutory organisations. We are proud lo work in partnership with the following funders to ach￿Ve our mission". The Home offi￿ awarded Women's Aid grant funding through the Preventing violen￿ Against Women and Gids and Supporting Children {PVSCI". 'What Wortts. Funding (lI￿FI to deliver our Children and Young People's Programme. MayoVs offi￿ for Poliung and Crime IMOPACI awarded us a contract to expand our On Track Servi￿ and to enhance Routes to SupporL Page 7 WOMENS AID FEDERATION OF ENGLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Women's Aid worked wrth the Home offi￿ to delNer funding to survivors from October 2024 to March 2025 via our membership, organisations listed on the Routes lo Support directory and specialist delivery partners. This fund was to support survivors to leave their abusers or remain safely in their own home and lo help secure a sustainable independent future. London Councils awarded a 4-year grant for our London Refuges Data Collection Project, which indudes collecting and analysing data from Routes to Support lo provide an evidence base on the demand and use of refuges in London. The Department for Levelling Up, Housing and Communities (previously Ministry for Housing, Communities and Local Government) continues rts commitrnent lo Roules to Support and the No Wornan Tumed Away project, supporting women to a￿sS local services and refuge provision. Bally's Foundation provided funding for our Direct Services. The Kering Foundation continued their support of Women's Aid wth a donation towards our Family Courts work. Women's Aid supported the Caring Family Foundation to distribute 5 grants to 'By and Forf Blad( and Minoritised member services. We have also received generous donats.ons this year from the below organisations, whose generosity has enabled us to continue our vital work.. the 29th May 1961 Charitsble Trust. Alfunds. Airt)nb Community Fund, Ardwick Trust, CBRE UK Charitable Trust, Dischma Charitable Trust, Edward S Smyth Trust. Eleanor Rathbone Charitable Trust, Evan Cornish Foundation, GAP Giving, Gleeds Foundation. Hardy Family Foundation, Helianthus Charitable Trust, Hudson Charitable Trust, lan Mactaggart Trust, JD Foundation. John and Ruth Howard Charitable Trust, Lloyds Bank Foundation, Marsh Charitable Trust, Michael and Anna Wix Charitable Trust, Mrs Wingfield Charitable Trust, N Smith Charitable Trust, Order of the Marist Sisters Province of England, R G Hills Charitable Trust, Roy Proctor Foundation, Sara Chadton Foundalion, Simon Gibson Charitable Trust, The Belron Ronnie Lubner Charitable Foundation, The Blunt Trust, The Caring Family Foundation, The Clarke Charitable Settlement, The Cobalt Trust, The David Family Foundation, The Doris Field Charitable Trust, The George Michael Fund, The Hon M L Astors Charitable Trust, The Keeble Charitable Trust, The National Lottery Community Fund, The Rest-Harrow Trust. The Tula Trust, The Wesl￿ard Trust, TK Maxx and Homesense Foundation, WAVE Ne￿rk. Wllliam Allen Young Charitable Trust, Vmnfield Trust, Zennor Trust FINANCIAL REVIEW Individual Giving and Appeals Our Winter Appeal was centred around our campaign that was created in collaboration with an extern81 agency House 337. The campaign centred around domestic abuse being the hidden 'National Emergency,. Our generous supporters raised over £80.000 in unrestricted funding betsveen November to January - an increase of 280/0 on the previous yearfs income. We continue to see strong support from our communrty of regular donors- raising over £526,000 from 3,653 supporters this year. Legacies We are fortunate to have I￿en the reupient of some incredibly generous Legacy gifts over this past financial year, which have brought in over £312,962 unrestricted funds. Legacy gifts have a long-lasting impact and help us to build a future where domestic abuse is no longer toleraled. This year we have also seen a high number of 'in memory. gifts - raising over £24,000 from supporters choosing to honour the memory of their loved ones in this way. Investment perfomianee Under the temis of the Memorandum and Artides of Assouation, the tharity may invest monies of Women's Aid not immediately required for its own purposes in or upon such investments, securities or property as may be thought fit. The level of the charity's reserves coupled ¥Mth survivor needs is such that investment is in short-temi markets as opposed longer-lem investments is preferable, although other options continue to be explored. Over the past year we have continued lo take a prudent view in terms of the security of the charity s reserves rather than pursuing the highest return. The investment policy is being kept under review lo take account of investment opportunrties whilst maintaining a low-risk approach. Page 8 WOMENS AID FEDERATION OF ENGLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Reserves policy The board recognises that the charity serves many benefiaaries with an ongoing need and, as such, the organisation's reserves policy has been set with the long-tenm finanaal viabilrty of the charity as a critical factor and within the context of the short-term nature of funding contracts. Trustees have determined that free reserves should be set at an amount suffiuenl to support core operating and wind down costs for a minimum period of three months and a maximum of six months. The totsl balan￿ of funds at 31 st March 2025 amounts to £2,641,835 {2024.. £4,065,200). This includes restricted fvjnds of £488,84312024'. £576,553). The balan￿ of unrestricted funds al 31st March 2025 was £2,152,99212024 £3,488,647). Of these unrestricted funds, free reserves (calculated as total unrestricted funds, less designated funds, tangible and intangible fixed assetsl amounted to £1,961,48412024.. £1,712.9341. In response to the challenging funding landscape the organisation underwent a significant change programme to ensure ils Workfor￿ and services were sustainable. DesKJnated reserves totalling £1,771,216 that had been brought forward at the beginning of the year were retumed to unrestricled reserves to support core activities. These actions ensured that the free reserves were preserved al the level required by trustees. £30,000 was designated during the year to support a Legal Challenge Fund to support our members. The remaining balance on designated funds is £27,300 and this will continue lo ￿ held into Ihe next finanaal year. Page 9 WOMENS AID FEDERATION OF ENGLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT How the Board of Trustees has been evaluated this year The board appoints new trustees through a transparent and indusive recruitment and selection process, with a focus on practi￿ experien￿, key skills, diversity, and alignment wlh Women's Aid's feminist values. New trustees receive a comprehensive induction covering governan￿ responsibilities, safeguarding, and the charity's strategic priorities. In 2024, the board undertook a governan￿ effectivenes5 review. and made improvements across these areas.. Administration and pro￿sseS Board composition Board structure Expectation setting Planning and performative monitonng Culture and Equality, Diversity and Inclusion This work is ongoing to ensure the organisation is following good governan￿ practice reflecting the size, scale and nature of the chartiy's operations. Risk management Women's Aid maintsins a robust risk management framework, reviewed quarterfy by the Board. The Board of Trustees holds responsibility for strategic risk managemenl within the thartty. Responsibility for compiling and updating the Board Assurance Framework IBAFI is delegated to the CEO. Responsibility for detailed review of the BAF is delegated lo the Finance, Risk and Governan￿ IFRGI o)mmittee. which undertakes this review at each meeting and reports on this prO￿sS to each full Board meeting. The BAF is comprised of the highest rated risks identified across the organisation and lakes account of risks identified with significant partnership initiatives, reflected in dedicated risk registers for those projects. These risks are reviewed and valid81ed by the Execubve Leadership Team and relevant colleagues from the Senior Leadership Team before submission to FRG. 0rganis8tional risks are assessed according to both likeliho(xl arKI impact. Each risk is assigned a senior responsible lead. The BAF sets out a narrative on the nature of eath risk and ils likely impact, the mib'gabng actions already underway, and next steps. This year the most significant risks identified were: Financial Suslainabilf(y for Women's Aid and the Federation External Risks- Polib'cal Environment The development and innovation of new programrnes and products Other key risks indude the wider economic environment, the increasingly challenging environment created by misogynistic national and intemational public dis(x)urse. and the weaponisation of violence against women and gids IVAWG}. Mitigation strategies are in place and regularly updated. Safeguarding Safeguarding is central to Women's Aid's work. The charity has dear policies and procedures for safeguarding adults and children, wrth regular training for stsff and volunteers. The Designaled Safeguarding Lead reports directly to the CEO. the Safeguarding and Stsndards Committee. and the Board. Website Trustees are responsible for the Maintenan￿ and integrity of the corporate and financial infomiation included on the charitable company's website. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. People, Inclusion and Equity Women's ￿'d is (x)mmitted to being an anti-racist, indusive organisation. EDI principles are embedded across governance, recruibnent, Servi￿ delivery, and inlemal culture. Like many organisations, there is more to do, and organisation is committed to ensuring continual improvement. Prcgress is monitored through staff engagement, survivor feedback, and external audits. We are proud to be a disability confident employer and are reviewing Women's Aid structures internally and externally from an ac￿ssIbl11ty lens to ensure to include all vulnerable and marginalised groups. Page 10 WOMENS AID FEDERATION OF ENGLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Women's Aid continues to meet the standards set as a LNing Wage Employer. We continue to work on ensuring a F)ositive working environment Trmth the aim of having a diversffied, happy workfor￿. Pay policy for staff The board considers that the Executive Leadership Team at Women's Aid Federation of England comprises the key management team of the tharity responsible for directirvJ the operations of the charity on a day-1043y basis. All trustees give up their time freely and no trustee re￿iVed remuneration in the year. However, we pay a nominal honorarium lo member organisations represented by a trustee. Details of trustees, expenses and related transactions are disclosed in the accounts. REFERENCE AND ADMINISTRATIVE DETAILS Registered Cornpany number 03171880 (England and Wales) Registered Charity number 1054154 Registered office CIO Bevan Bud(land LLP Ground Floor Cardigan House Swanse8 SA7 9LA Page11 t140MEN8 AID FeDERATION OF EIIGLAIID REPOR T OF THE TRUSTEES F(11 YEAP ENDED 31 MARCH yJ2B F•rnh Natrii Tnnl••• Ph• Decenw 2024} Jo Cwgh (to De¢•irtw 20241 Zl•lha AIffi8d (to OK8rnter 20241 01 T￿p1￿. Cl J￿e*. VK• Chw U￿1$8YwShart P•rl Tr￿85 CArolin6 Ch¥4 Sue Crjttnan St••Mrt t*tyn D8c•mb•r20241 SWJ*•i Ib) l)•c•thr 2Q24 kni#nd• Eknfjn Cl•kn¢ Lwnbon Syb¢ommltyee rnofflb•rn M•lth'• Bro4bm M8E AJSc* F*p•r Lucy Gaskel M￿h￿l1@ Cly Pho•nix 8fO¥ T¢*y.A￿*A￿r SThMth ¥W Young Rxh•l lQb>) Lm RMpKi Affib•Mado Iwly Frn•th* LLP.101 Y￿￿ str••i9￿.8sI OPU B•n# C¢