Company registration number: 03123424 Charity registration number: 1063427 Bexley Women's Aid {A company limited by guarantee) Annual Report and Financial Statements for the Year End¢d 31 March 2024 Comrnunity Accounting Plus Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL
Bexley Women's Aid Contents Reference and Administrative Details Trnstees, Report 2to6 Independent Examinerf5 Report Statement of Financial Activities 8t09 Balance Sheet 10 Notes to the Financial Stsiemcnts 11 to20
Bexley WomeD'8 Aid RefereDce and Administralive Details Chief Eiecutive Officer Clair Johnson Trustees Charlotte Lynch Susan St8nsfield U7ma Ali Senior MaDagement Team Clair Johnson Chgrlty Registratloll Number 1063427 Company Registration Number 03123424 Registered O(fit¢ PO Box 25 Bexleyheath Kent DA7 4BS Independent ExamlDer John O'Brien, employee of Community Accounting Plus Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL Page I
Bexley Women's Aid Trustees, Report The ttvslees, who are directors for the purposes of ¢ompany law, present the annual report logether with the ruwiciai ststements of the charitsble Company for the year ended 31 March 2024. Trustees and officers The truslees and oificers serving durin8 the year and since the year end were as follows: Tnlstees: Charlotte Lynch Eugenia Hewitt (resigned I l April 2023) Susan Stansfield U7ma Ali (appointed 12 April 2023) Chief Executive oificer: Clair Johnson Struelure. goverDaDe¢ and m*nagemellt N4h¢re ofgovernlng documenl The charity is a company limited by guaranlee and registered charity. It is operated under the rules of its tnemorandum and articles of association dated 0711111995, most recently amended 1010212010. Recrulthienl and appolnlnwnl oflrusleej In accordance with the Articles of Asswiation, Officers and other TNslees are appointed at the Annual General Meeting, based on a vote by the members. Nominations for Officers and other Trustees are made in writing before or at the Annual General Meeling, and are supported by a seconder. In addition, the Trustees have the power to fill vacancies oCCu1ng between Annual General Meetin8s followin8 an applicatton process and in line with th¢ policy. Appropriate procedures are in place for the induction and training of new Trustees. We advertise our trustee vacanctes through various resources available to us. Prospective trustces are 5cnt an application pack to complete. All applications are considered based upon experience and skills and the need8 of the OTgani5alion. Successful applican15 are invited to attend an infornial intcrview with a panel of at least Iwo and the role and expectation5 of a BWA trustee are explained. Each applicant is given relevant inforniation about the organisalion and the opportunity to ask any questions of us. If invited to join after the interview potential trustees are asked to observe three meeiing5 before being fornially voted on to the board. Org4nls4donalslruclure The charity i5 governed by a voluntary Board of TSleeS which employs a Chief Executive OtTicer to manage the operational staff. Page 2
Bexley Women's Aid Trustees, Report Objectives and activitl¢s Objects and alnl The charity's objects are the relief of physical, mentsl, and sexual abuse of women and children by the provision of refuge accommodation and other measure5. The principal activities of the charity are to: Provide temporary rege on requesl for women and their children who hav¢ experienced domestic violence, mental, physical, fmancial or sexual abuse. li. Offer support. advice and advocacy when requestcd by women living in threatening situations and help reduce long tern? n¢8ative effects experien¢¢d by abuse. iii. Recognise and care for the emotional and educational needs of the children living in the refuge. iv. Empower women to deiemline their OWD futurc and to support them in achieving this. Challenge the acceptance of domestic abuse through educating and informing all sections of the community about the of domesttc abuse and the devastating effects it has on the lives of those who experien¢¢ it. vi. Effectively tsckle domestic abuse to ensure a future where women and children can live safely without a fear of violence in their home. vii. Ensure the women and their children have equal access to s¢rvices so that they can overcome the disadvantages they experience- so¢ial, fmancial, emotional, health, housing, emplonen( leisure, education, and the freedom to Itve safely. viii. Promote equal opportunities in all areas of its work to ensure all women have equal ac¢e5S to BWA services. PMbll¢ benejli The Trustees confirni that they have referred to the guidance contained in the Charity Commission's general guid8nce on public benefit when reviewing our objectives and activities and in the planning of future activities. It 15 the judgement of the Trustees that activities in pursuit of the above objectives fully meet the public benefit test. which they have kept in mind in planning programmes for the charity. In delivering services and in the appointment of staff, volunteers and trustees the charity operates a strict policy of no discrimination on any grounds. The trustees confrm that they have complied with the requirements of section 17 of the Charities Act 201 I to bave due regard to the public beDcfit guidance published by the Charity Commission for England and Wale5. Page 3
Bexley Women's Aid Trustees, Report Achievements And perforniance This year our services bave supported a vast number of women and children experiencing domestic abuse to move on to a safer future. Througb the ongoing support. assistance and accommodation we have supported 15 women and their 16 children in refuge accommodation. over 140 women in all outreach servi¢es - Including groups. the drop in service and one lo one appointments as well as over 1,000 ¢alls/emails for support via our helpline. Through 5UPPOrt provided in the community to women we have indirectly supported over 100 children and young people. The benefits to the public include the prevention of homelessness and poverty, as well as assistance to those at disadvanlage due lo their abusive situations. Through our Education and Prevention services we have provided awareness WOTk5hops and education to 1,977 children. young people and professionals with the long ierni aim of preventing domestic abuse in future generations and reducing the negative impact that domesti¢ abuse on those experiencing it. Through the provision of this service we are able to challeng¢ M1$ and slereotypes surroundin8 domestic abuse victims and also challenge the acceptance of domestic abuse in $o¢i¢ty, Financial review We began the new fmancial year in a more stsble position having secured extensions to funding secured in 2023 to support our core services. Like many other charities and organisations we were operating this year with the new challenge of the Cost of Living ¢risis we have been fortunate to secure some specific funds for this PUTpose from various sources to support both the organisation with rising costs bul also the Service users who had been impacted massively by the increase in living costs. Our services now consist of: • 5 bed Refvge and Resettlement Support Outreach service- including drop in, legal clinic and onc to one 5UPPOrt . Community Support Groups Telephone helpline and website • Education and Prevention Service includin8 training During strategic plannin8 and board meetin8s we are reviewing our fundin8 streams to ensure we are using our resources in the most effective way to meet the needs of our service users. We are committed to sustaining extsting services and developing new ones whcre possible and to ensuring continued relevance to the needs of our service users and look forward to building on this year as we progress. Our income for the year 2023124 was £247,275 and our spend was £245,633 The trustees made a commitment to the continuation of the charity and are plannin8 on an ongoing basis for its sustsinabiltty and viability for the future. This has involved the use of the reserves in the short terni when necessary - particularly to cov¢r any commitsnents that are currently unfunded. The trustees alongside the CEO and staff team plaDned and evaluated regularly for appropriate provision to ensure the safe continuation of our seTvice5. We are grateful for the support of our funders, stskeholders, supportcrs and donors at this time for their gen¢r05Aty and flexibility. Page 4
Bexley Women's Aid Trustees, Report Pollcy on ruerves The charity is aware of the need to ensure that our reserves are sufficient to covcr our costs and the reduction in our ndIng for 2023124. The Tnjstees have set aside £90,000 contingency fimd as a designated reserve to cover approximately six months running costs of the charity. This is to ensure thal Su1Clent money is held for redundancies and the wind up of the charity should fLmding streams cease. Iwhilst the Trustees would like to increase thi5 amount further it is not considered appropriate in the curent economic climale. A fiuther £5.000 of reserves has been designated to specific projects. We have £130.587 of general reserves which are available to absorb any futur¢ overspends over the next few years. Sm411 companies provision stAl¢mettt This report has been prepared in accordance with the small companies regime under the Companies A¢t 2006. Page 5
Be¢Y Women's Ald Trnstees, Report Sttemtnl of Rtipotsslbllltles The trustees (who are Also the dITlOTS of B¢xley Women's Aid for the purposes of company law) arc responsible for pr¢parin8 th¢ tru5tces' rq)ort and the financial statements in ac¢ordance with applicable law ond United Kingdom Accounting Standards (United Kinsdom Generally Accepted Accountins PTacti¢c). including FRS 102 "The Financi Reportin8 Standard applicable in the UK and Republic of IrelAnd'. The rcw)rt and aC¢OUDt$ have been prepared in ¥cordance with the provisioDS in the Companies Act 2006 relating to small companie$. Cornpfjny law requiTC5 Ihc trust¢¢s lo prepare financial slatcmenls for ¢8ch financial year. Under compgny law the tru$tres musl not approve the financial statcmcnts unless they arc satisfied th they give & tNe and fair View of th¢ 51atc of offairs of the Charitsble company and of the incomin8 resources and application of TCSOUTCCS, including its income and expcnditurc. of the ¢haritable company for th•1 period. In preparing these financial 8latements, the trnsteei are required to,. g¢lxl suitsbl¢ accounti08 policies and apply them consistrnily. objerve the methods and Principles it) the Charities SORP; make jud8ements and estimates that rea$i)nAble and prudenl; ststc whcthcr applicable 8ccountin8 Standards, comprisin8 FRS 102 have been followed Subject to any mltcrial departur¢s discloscd and explained in ihc financial stslements; and prepare the finAncial 8tsm¢nts QD ihc goin8 concern basis unl¢ss il is inappropriate to pre8vmc thai th¢ ¢haritable company will continue in busineis, The trustees Are responsible for k¢epin8 prop¢r IOltin8 records that can disclose with reonAb]r ¢Ur&CY al any time the finwial posltion of the chwitsble company and ¢n4blc th¢m to ensure that the financial stateMts comply with the CompleS Aet 2006. They Arc ilso r¢spon5ibl¢ for saf¢8uArdin8 the ass¢ts of the charitable CoMpY and hence for tskin8 reasonable iteps for the prevention and det¢dion of hud and other irregularities. The trusi¢e$ Tespon$ible for the mainl¢n4n¢e and inlcgTity of the ¢oJporate and financial inforn8tion included on the ¢haTitsble company's w¢bsil¢. Legislation govcrning the proaration and dissemination of financial stsiements may differ from1¢8islation in oiher jUTisdiction$. The 4nnu•l report w•s •pproved by the tnJslevJ of thc Charity on . and signed on its behalf by.. Susan Stsnsfield Trustee Page 6
Bexley Women's Aid Independent Examiner's Report to the trustees of Bexley Women's Aid {'the Company,) Ind¢peDdent examiner's report to tbe Iruste¢s of Bexley WomeD'S Aid {'the CompaDy') I report to the charity trw8tees on my examination of the accounts of the company for the year ended 31 March 2024. Responsibilities and b*sis of report A5 the charity's truslees of the Company (and also its directors for the purposes of company law) you are responsible for the prepardtion of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Ath and are eligible for independent examination, I report in respeci of my examination of your charity's accounls as ¢arrAed out under section 145 of the Ch8ritie$ Ad 2011 {'the 2011 Act,). In Caryying out my examination I have followed the Directions given by the Charity Commission under seclion 145(5Xb) of the 2011 Act. IndepeDdenl examlner's $t#temeDt I have completsd my examination. I confjrni that no matters have come to my attention in connection with the examination giving me cause to believe thal in any material r¢spect'. l. accowitin8 records were not kept in respect of the Company as required by section 386 of the 2006 Act. or 2. the accounts do not accord with those records. or 3. the accounts do not Comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is noi a matter considered as part of an independent examinallon. or 4. the accounts have not been prepared in accordance with the methods and principles of the Slatement of Recommended Practi¢e for accounting and reporting by charitles lapplicable to charities preparing their accounts in a¢¢ordance with the Financial R¢portin8 Slandard applicable in the UK and Republic of Ireland {FRS 102)]. I have no concerns and have Come across no other matters in connection with the examinY4tion to which attention should be draHm in this report in order lo enable a Proper understanding of the accounts to be reached. Jolm O'Brien MSC. FAIA. FCCA. FCIE. employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners Unils l & 2 North West 41 Talbot Strcct Nottingham NGI 5GL Date.. 0910112025 Page 7
Bexley Women's Aid Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Accounl and Statement of Total Reeognised Gains and Losses) Unrestricted funds Restricted funds Totsl 2024 Total 2023 ote Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income 18,314 70,550 2,298 1,071 18.314 225.592 2,298 1,071 17,573 164.916 748 211 155,042 Total income 92.233 155,042 247,275 183,448 Expendlture OD: Charitable activities 70.935 174.698 245.633 194,113 Tolal expenditure (70,935 (174.698 (245,633 194,113 Net income/(expenditure) 21,298 19,656 10,665 Net movemenl in funds 21.298 (19,656) 1.642 (10,665) Reconclllatlon of funds Total fithds brought forward 204,289 9,710 213,999 224,664 Total funds cTled forward 15 225,587 (9,946 215,641 213,999 All of the charity's activilies derive from continuing operntion5 during the above two periods. The fimds breakdown for the period is Sho1 in note 15. The notes on pages I I to 20 fonn an integral part of these fmancial ststements. Page 8
Bexley Women's Aid Statement of Financial Activities for the Year Ended 31 Marcb 2024 (Including Income and Expenditure Account and Statement of Total Reeognised Gains and Losses) These gre the figures for the previous accounting period and are included for tomparotive purp05e5 Unrestricted R¢$trieted Total funds funds 2023 Note Income and Endowments from: Donations and legacies Charitsble activitics Other trading activities Investment income 17,573 66,218 748 17,573 164.916 748 211 98,698 Total income 84,750 98,698 183,448 Expenditure on.. Charitable a1vIll¢S 103,076 91,037 194,113 Total expenditure Net (expenditureyincome Net movement in funds 103,076 91.037 194,113 18,326 7,661 10,665 (18,326) 7,661 {10,665) Reconciliation of funds Total funds brought forward 222,615 224,664 Total funds carried forward 15 204.289 9,710 213,999 The notes on pages I I to 20 forn] an inlegral part of these fmancial slatements. Page 9
Bexley Women'5 Ald (RegistrAtion number: 03123424) Balance Sheet as at 3] March 2024 2024 2023 Note Flxed •iJets Tangible assets 817 1,631 CurreDt 911• Debtor8 Cash at bank and in hand 10 12.336 222.159 7.278 21 B.479 234.495 225,757 Credllor¥: Amounti falllD£ dut wltblD year Net current w•tti 12 19.671 13,389 214.824 212.368 Nel *i•el8 215.641 213,999 Fundi of tbe eblrlty: Rutrlcted Income fund• Restricted fimds 15 (9.946) 9,710 UDrestrlcted Income fundi Unrestricted fuTrJs 225,587 204,289 Total fuDds 15 215,641 213,999 For the financtal year ¢nding 31 March 2024 the chariry wa8 entitled exemption from audil 8e¢tion 477 of the Companies Act 2006 relatin8 to small ¢ompanics. Dir#tor8' responsibilitiu: The mcmbcts have nol required the charity to obtain an audit of its ttceounts foT th¢ yew in question in ac¢ordanrx with $e¢tion 476. ond The directors knOwledge their respx)nsibilitlCs for complying with the requiremtnts of th¢ Ath with respect lo accounliD8 records aDd th¢ prcparntion of ac¢ouDIs. The6¢ finontial iwements have b¢¢n prcpared in accord•ncc with the speci•l provisions relating io comp4nics subj1 to th¢ sjnall ¢ompanies r¢gim¢ within Part 15 of the Companies Act 2006. InanJial ststcments on pages 8 to 20 were approved by the trustees, and authorised for issu¢ on . and Signed on their behalf by.. Susan Swisfjeld T$e Thc notes on pag¢s I l 10 20 forni an intcgral part of ihese financial st8iements. Page 10
B¢xl¢y Women's Aid Notes to the Financial Statements for the Year Ended 31 March 2024 J A¢counlhng pollcl Summary ofsignificant accountlDg poll¢les aDd k¢y accounting estimates The principal accounting policies applied in the preparalion of these fmancial statements are set out below. These poltcies have been consistently applied to all the years presente& unless othenvise ststed. ststement ofcompllance The fmancial staiements have b¢¢n prepared in accordance with Accounting and Reporting by Charities.. ststement of Recommended Practice {applicable to charities preparing their ac¢ounts in accordance with the Financial ReportAn8 Standard applicable in the UK and Republi¢ of Ireland (FRS 102)) (issued in October 2019) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basts of preparallon B¢xley Wom¢D'$ Aid meets the defmition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical c05t or transaction value unless otherwise stated in the relevant accounting poli¢y noles. Gohng eoneern The fll)an¢ial statements have been prepared on a going concern basis. The truslees assess whether the use of 80ing concern is appropriate i.e. whether there are any materi81 unccrtainlics Telated to events or Conditions thal may cast significant doubt on the ability of the charity to continuc As a going concern. The t1¢¢5 make this assessment in respect of a period of one year from the date of approval of the fmancial statements. E%emp¢ion from prtparlng a ¢ash flow statement Under the exemption available lo smaller charities the Board of TNstees h&8 chosen not to include a Statcment of Cash Flows within the fmancial statements. JDcome aDd endowments Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a generdl nature is recognised when the charity ha5 entiilemenl to the income. it is probable that the income will be received and the amount can be measured with Sufficient reliability. Donoilons 4nd legacle Donations are recognised when the charity has been notified in Mfittng of both the amount and settlement date. In the event that a donation is subjecl to condilions that require a level of perforniance by the charity before the charity is entitled to the funds, the income 15 deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Grants recelvable Grants are recognised when the charity has an enlitlem¢nl to the funds and any conditions linked to the grant5 have been met. Wbere perforniance Condttions are attached to the grant and are yel io be met, the income is recognised as a liability and included on the balance sheet as defeed income to be released. Pagell
B¢eY Women's Aid Notes to the Finaneial Statements for the Year Ended 31 Mareh 2024 Expenditure All expenditUT¢ is recognised once there is a legal or con$¢ru¢tive obligation to thai expenditure, il is probable settlement is required and the amount can be measured reliably. All costs are allo¢ated to the applicable expendtture heading thai aggregate similar costs lo that category. Where costs cannot be directly attributed to particular headings they have been allocated on a b&8is consistent with the use of resources. with central slaff costs allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of slaff costs. Charltable acllvllles Charitable expenditure comprises those cosls incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly io such activities and those costs of an indirect nature ne¢¢$sary to support them. Taxatio The ¢harity is considered to p&qs the tests set out in Paragr8ph I Schedule 6 of the Finance Act 2010 and therefore it meets the defmition of a charitable company for UK corporation tsx purposes. Accordingly, the charity is potentially exempi from taxation in respect of income or capitsl gains received within caiegories covered by Chapier 3 Part I l of the Corporation Tax Ad 2010 or Section 256 of the Taxation of Chargeable Gain5 Act 1992, to the extent that such income or gains arc applied exclusively lo charitable purposes. Tangible fixed •$$¢ts Individual f¢d assels costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and 5ubsequeni accumulated impaitmeni losses. Deprtci*tion And omortisation Depreciation is provided on langible red a58eiS so as Io WTite off the cost or valualion, less any estimated re$iduo1 valu¢, over their expected usefvl economic lif¢ as follows: Asset class Furniture and equipmenl Other tangible red asset Depreciation method and rate 25•/0 straight line 251J/o straight line Trade d¢blors Trade debtors are amounts due from customers for merchandise sold or services perforn)ed in the ordinary ourse of business. Trnde debtors are recognised initially at the transaction price. They are subscquently measured al amortised c05t uslng the effective interest method, less provision for impairnient. A provision for the impairment of trade debtors is established when there is objective evidence that the charfftty will not be able to coll¢¢t all amounts due according to the original tenns of the receivables. Ca$h and egsh equlvalents Cash and cash equivalents comprise cash on hand and call deposits, and other sbort-tern] highly liquid inve51ments thal are readily Convertible to a known amount of cash and are subject to an insignificant risk of change in value. Page 12
Bexley Women's Aid Notes to the Financial Statements for the Year Ended 31 Marcb 2024 Trade creditors Trade creditors are obligations to pay for goods or services thai have been acquired tn the ordinary course of l)usiness from suppliers. Accounts payable are classified as CUTrent liabilities if the charity does not have an unconditional rigbt, at the end of the reporting period. to defer settlement of the creditor for at least twelve months after the reporting date. If theTC is an unconditional right to dcfer settlement for at least twelve months after the reporting date. they are presented as non-current liabilities. Trade Creditors are recognised initially at the transaction pricc and subsequently measured at amortised cost Wing the effective interest method. Fund $tru¢tur¢ Unrestricted income funds are general fvnds that are available for use at the trustees, discretion in furtherance of the objectives of the charity. Desi8nated funds are unrestrided funds set aside for Specific purposes at the discretion of the trustees. Restricted income fimds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. 2 Income from donatlon$ 4Dd legacies Unrestrlcted funds General Total 2024 Total 2023 Donations and legacie$; Donations from companies, trusts and similar proceeds Grants, Including capital grents. Grants from companies 6.914 6,914 12.887 11,400 11,400 4,686 18,314 18,314 17,573 3 Income from eharltable activitles Unrestricted fuDds Gener81 R¢strlcted funds Total 2024 Totsl 2023 Grants and donations Housing benefit income Personal service charge Sundry income 155.042 155,042 65.151 5,399 98.698 59,957 5,961 300 65.151 5.399 70,550 155.042 225,592 164,916 Page 13
Bexley Women's Aid Notes to the Financial Statements for the Year Ended 31 March 2024 4 Grants & donations Unrestricted fuDds Restricted funds Tol41 MOPAC Greater London Authority London Borough of Bcxlcy London Community Foundation Women's Aid Federation of England Bexley Voluntary Service Council William Kendall Erith Rotary Club BVSC - Health Inequalities Inner Wheel Sidcup Sundry grants & donalions 8.100 70,767 37,500 17.500 6,950 8,375 2,000 8,100 70,767 37,500 17,500 13,450 8,375 2,000 900 750 4,000 10,014 6,500 900 750 4,000 6,914 3.100 18.314 155.042 173,356 S Income (rom other tradlng 4¢tivlties Unre5tri¢ted funds General Total funds Totsl 2023 Local fundraising and street collection income 2,298 2,298 748 2,298 2,298 748 6 Investment incom¢ Ullres¢ri¢l¢d fuDd$ General Totsl 2024 Total 2023 Interest receivable and similar income; Interest receivable on bank deposits 1,071 1,071 211 Page 14
Bexley Women's Aid Noles to the Financial Statements for the Year Ended 31 Marcb 2024 7 Expenditure on ¢h8ritable actlvllies Uorestricled funds General Restricted funds Total 2024 Total 2023 Advertising & publicity Bank & credit ¢ard charges Childcare Disbursements Governanace costs Insurance IT & software licence fees Equipmenl Printing, postage & stationery Professional service5 School holiday activlty costs Staff mobile telephones Subscriptions Venue hire Cleaning Rent & rates TV, telephone & inlernet Furniture & household equipment Purchase5 Repair and maintenanc¢ Transport Utilities Staff expenses Wages, Nl & pension Welfare & hospitality Volunteer expenses Sundry expenditure Depreciation 576 99 470 774 49,158 675 471 774 49,158 22 4,381 2,182 385 806 5,055 251 2.467 220 472 147 23,252 3,531 1,982 5,444 1,999 341 10.906 1,471 127,509 389 464 65 814 324 269 165 4,451 130 4,149 2,376 81 438 4,302 1,476 2,541 22 4,316 .087 21 461 3240 65 1,095 345 1,815 251 2,467 220 472 680 60 21,429 3,305 173 1,268 ,375 447 8,045 ,020 133,872 688 236 147 13,668 2,523 614 9.584 1,008 1,368 1,399 22 4,630 1,045 33,530 282 600 319 6.276 426 93,979 107 459 65 814 813 70.935 174,698 245.633 194.113 Page 15
Bexley Women's Aid Iyotes to the Financial StatemeDts for the Year Ended 31 March 2024 8 Stsff costs The aggregate payToII costs were follows: 2024 2023 Stsff Cost$ during th¢ y¢gr were: Wages and salaries Social security costs Pension costs 115,280 6.628 5,601 123.648 7.331 2,893 127,509 133,872 The monthly average number of persons (including senior management team) employed by the charity during the year was as follows: 2024 2023 No Avernge number of employees 4 (2023 - 3) of the above employees participated in the Dered Contribution Pension Schemes. Contributions lo the employee pension schemes for the ye8r totalled £5,601 (2023 - £2.893). No employee received emoluments of more than £60,000 during the year. The total employee benefits of the key management personnel of the charlty were £51,346 {2023 - £49,845). 9 Tangible fixed assets Furniture and Other tangible equipment rixed asset Total Cost At l April 2023 5,989 13.106 19.095 At 31 March 2024 5,989 13,106 19,095 DeprtciatjOD Ai l April 2023 Charge for the year 4.855 564 12.609 250 17.464 814 At 31 March 2024 5,419 12,859 18,278 Net b(bok value At 31 March 2024 570 247 817 Ai 31 March 2023 1,134 497 1,631 Page 16
Bexley WomeD'S Aid Notes to the FiDaDcial Statements for the Year Ended 31 March 2024 10 Debtors 2024 2023 Trade debtors Prepayments Other debtors 5.250 6,039 1,047 3.099 3,539 640 12,336 7,278 11 Cash and ¢8sh equivglents 2024 2023 Cash on hd Cash at bank 58 222.101 288 218.191 222,159 218,479 12 Credltors: Amoullts falllng dut within one year 2024 2023 Trade creditors Othcr taxation and social sccurity Other cr¢dilors Accruals ,995 2,921 10.309 4.446 1,676 2,734 4,683 4,296 19.671 13.389 13 Obllg2tions under leajes and hlre pur¢bas¢ ¢ontracts Operallng lease commltments Totsl fulure minimum lease payments undcr non-cancellable operating leases are as follows: 2024 2023 Land and buildings Within one year 23,336 14 Charity Statux The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees 1$ liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. Page 17
Bexley Women's Aid Notes to tbe Financial Statements for the Year Ended 31 March 2024 15 Funds Balance at I April 2023 ID¢oming r¢sourc¢s R¢50urces eipend¢d Balance at 31 March 2024 Unr¢$¢rl¢ted funds General General 109,289 92,233 (70.935) 130,587 Deslgnaled Contingency fimd Employee incentive fund 90.000 5.000 90.000 5,000 95.000 Tolal unrestricted funds 204 289 92.233 70,935 225,587 Restrlcted fuDd$ Key replacement Greater London Authority Continuation Health Inequality Household Support Ministy of Juslice MOPAC BVSC CYP Work LCF VA WG fimd WAFE William Kendall loo 100 30,890 750 37,500 47,977 ,375 17,500 10.050 2,000 (30,890) (4.276) (37,500) (69.016) (5,466) (17,500) (10.050) 3,526 6,084 (14,955) 2,909 Tolgl reslrl¢t¢d funds 9,710 174,698 9,946 Total funds 213,999 247.275 245,633 215,641 Page 18
Bexley Women's Aid Notes to the Financial Statements for the Year Ended 31 March 2024 Bal8nee *1 I April 2022 Incoming resources Resourees eip¢nd¢d Balanee at 31 Marth 2023 Unrestrl¢t¢d funds Gener41 Genernl 127,615 84,750 (103,076) 109,289 J)esl8n41ed Contingency fund Employec incentive fimd 90.000 5.000 90.000 5,000 95.000 95,000 Totsl unrestricted funds 222.615 84,750 103.076 204,289 Reslrlcted The Big Give Key replarxment Greater London Authority Continuation Health Inequality Household Support Ministy of Justice MOPAC NAVCA Sainsbury's 1,949 loo 1,582 (3,531) 100 30,890 3.526 4.000 56,700 1,000 (30.890) 3,526 (4,000) (50,616) {I,000) 1,000 6.084 Total restrieled fund$ 2,049 98.698 91,037 9,710 Total fuDds 224,664 183.448 194,113 213,999 The specific purposes for which the funds are to be applied are as follows.. Key repla¢ement- this repre5¢nts funds held lo replace any lost or damaged keys. Greater London Authority Continuation Fund - this is to part fund staffmg and some associated costs for the refuge Olcer and rcferrals officer. Health Inequality - this fund is to provide Freedom PrOe groups to women experiencing dornestic abuse and associated costs for the group such as venue hire and childcare. Household Support - this fund is to provide payments and support to clients with the cost of livin8 Crisis. MOPAC - this fimding is to provide an outreach support service including one lo one, support groups and helpline. BVSC CYP Work- this fid is lo provide a Children's Outreach se1¢e. LCF VA WG fimd- this is a short lenn fund to support womeD and their children who are impacted by the Cost of Living Crisis. WAFE - fijnding for individual client work. William Kendall - this fund is to purchase promotional materiats &nd to upgrade our publication5 and r¢vi¢w ow comms. The negative balance on the MOPAC fund is due to receiving an element of the fimding in aTreaTS. The fund5 to cover this dcficil were received in May 2024. Page 19
Bexley Women'$ Aid Notc8 to the Finaneial Statements for the Year Ended 31 March 2024 16 Analysis of net 29sets between funds Unrestricled 2024 Total fuDds General Designated Re5tricled Tangible fLxed assets Current assets Current liabilities 817 149,441 19,671 817 234,495 {19,671) 95,000 (9.946) Total net assets 130.587 95,000 (9.946 215,641 Unrestricted 2023 Total funds General Deslgnaled R¢$trl¢ted Tangible fu(¢d assets Current assets Current liabililies 1,631 121,047 13,389 1,631 225,757 13,389 95.000 9,710 Total net assets 109,289 95.000 9.710 213,999 17 Fees payable lo independent e3amlner During the period. the fees payable (excluding VAT) to the ¢harity's independent examiner Community Accounting Plus are analysed as follows: 2024 2023 tndependeni examination Other financial service$ 1,280 180 I,ioo 1,460 1.100 18 Taiation The charity is a registered charity and is therefore exempt from tsxation. 19 Trujteey remuner#tSoD and ¢xpeDses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 20 Related pArty transactions There were no related paty transactlons in the year. Page 20