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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 03509538 (England and Wales) REGISTERED CHARITY NUMBER: 1073926

REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

FOR

BIRMINGHAM & SOLIHULL WOMEN'S AID (A COMPANY LIMITED BY GUARANTEE)

French Ludlam & Co Limited Statutory Auditors and Accountants Mountfield House 661 High Street Kingswinford West Midlands DY6 8AL

BIRMINGHAM & SOLIHULL WOMEN'S AID

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

Page
Chair's Report 1 to 2
Report of the Trustees 3 to 8
Report of the Independent Auditors 9 to 12
Statement of Financial Activities 13
Balance Sheet 14
Cash Flow Statement 15
Notes to the Cash Flow Statement 16
Notes to the Financial Statements 17 to 28

BIRMINGHAM & SOLIHULL WOMEN'S AID

CHAIR'S REPORT

FOR THE YEAR ENDED 31ST MARCH 2022

The Board of Trustees is pleased to present its annual report together with the financial statements for the year ending 31st March 2022, which have been prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

Last year we reported on the significantly increased demand for our services, in part as a result of the Covid pandemic, alongside an increase in reports of domestic abuse to West Midlands Police and a shocking decline in prosecutions as the criminal justice system struggled to cope. These pressures did not abate during 2021-22; quite the reverse. We have seen an increase of 91% in the highest risk cases over the last 3 years. The need for specialist safe advice, support and refuge provided by women for women is clearly demonstrated by our experience and the experience of the women and children who use our services.

In 2021-22 BSWA had direct contact with 23,437 women, across our range of services from refuges to community based support and drop in, from the Home Options helpline to the IRIS service working with GP surgeries. More than 16000 children were recorded as living with domestic abuse alongside those women. The very welcome Domestic Abuse Act 2021 recognised children as victims of domestic abuse for the first time; absence of funding and provision to support children has been a concern for many years at BSWA, and implementation of the Act (and importantly the additional government funds provided) has allowed us to better support women with complex needs and of course children.

However, demand continues to significantly outstrip supply. Even with very welcome additional support from BCC, we were still only able to answer 40% of the 28,000 calls made to our helpline in 2021-22. For many women making that call will have taken enormous courage, and it is heart breaking to know so many calls went unanswered. For some women, this may represent their only opportunity to obtain help. Our webchat facility made some inroads into this shortfall, with 1272 webchat support conversations over the year.

During the year the Board recognised that responding to these increased and sustained demands, together with new emerging pressures, required an enhanced management infrastructure. A plan designed to strengthen organisational capacity and capability is in progress.

I commented last year on the acute shortages of refuge, temporary accommodation and affordable permanent housing for women and children seeking safety. After careful consideration and due diligence, the Board proceeded with the purchase of two refuges (previously managed through a management agreement) and is continuing discussions with Registered Providers and other partners with a view to securing further safe accommodation for women and children. BSWA continues to innovate to improve outcomes for women and children.

At Board level we maintained our focus on governance improvement, using the governance review and action plan from the 2020 RACE code to begin an in-depth governance improvement programme. A 'task and finish' group of Trustees and Senior Leadership Team members is taking this forward on behalf of the board, and this work when completed will provide the board with a robust governance framework. This will enhance the board's ability to exercise proper oversight and ensure transparency and accountability.

In other governance news, the Board appointed a Race Equality Champion during the year; her role is to support and challenge the board to promote race equality in every aspect of its work. We also have a Safeguarding Lead Trustee, and appointed a recruitment review panel led by a Trustee with HR expertise. The panel aims to improve and sustain diversity at Board level.

The Board's management of risk has been improved through delegations to its Finance and Audit Committee, which regularly monitors our risk register and provides assurance to the Board. The Board retains accountability for risk. Looking ahead we see an emerging cost of living crisis, and continuing acute pressures in the NHS (both covid related and more widely), the criminal justice system and local authority services. Undoubtedly this will further increase the demand for our services, while generating new cost pressures. Along with our partners, we face an increasingly difficult recruitment market. Increased demand, with overstretched resources and shortages of specialist staff across the system may yet prove to be a perfect storm. We will continue to rely on the active support of our partners to provide women and children with safety and space to rebuild their lives. Effective partnership working remains a central objective; we will continue to actively engage in strategic and operational partnerships across our area of operation.

Page 1

BIRMINGHAM & SOLIHULL WOMEN'S AID

CHAIR’S REPORT

FOR THE YEAR ENDED 31ST MARCH 2022

The Board will be developing a new 3-5 year strategic plan during 2022; we will continue to renew and extend our capabilities to respond to the changing demands of the environment. I would like to acknowledge the determination of our skilled and talented staff team to stand with women in difficult times, and the vital role of the senior leadership team in enabling and supporting that. I would also like to thank my colleague Trustees for their commitment to delivering good governance at BSWA.

Patricia McCabe Chair of the Board of Trustees

Date …………………………………………

Page 2

BIRMINGHAM & SOLIHULL WOMEN'S AID

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST MARCH 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives

Our purpose

Women and children are at the heart of our vision. We believe that violence against women and children is a violation of human rights and work to ensure that they can live free from fear of violence and abuse.

Values and Principles:

We challenge the inequality and abuse that result from women's position in society , providing services and resources that unlock women's power and enable them to regain their confidence and skills to achieve their aspirations.

We listen to women and children and validate their experiences, working alongside them to champion their voices in influencing professional practice and increasing understanding of the dynamics of abuse. In particular, we advocate that the best way to protect children and attain sustainable safeguarding is to empower and support the non-abusing mother.

We match women's bravery in living with and addressing abuse through a staff team equipped to work with courage and creativity, embracing challenges and doing the difficult things necessary to meet women, children and young people's needs in an increasingly harsh climate.

We work to create lasting change in society, where inequality and abuse are not tolerated, collaborating with partners and promoting action to achieve this vision.

Objectives :

Page 3

BIRMINGHAM & SOLIHULL WOMEN'S AID

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

OBJECTIVES AND ACTIVITIES

Activities Achievements and Performance

Birmingham and Solihull Women's Aid celebrated its 43rd anniversary in 2021, and remains one of the largest local specialist domestic abuse charities in England. It furthers its charitable purposes by providing specialist support, information, advice and advocacy to women and children across the whole range of violence against women and girls issues: domestic abuse, sexual violence, harmful practices, stalking and harassment, forced marriage, female genital mutilation.

Birmingham and Solihull Women's Aid provision offers a women and children focussed environment which is safe. We provide women with "space for action", underpinned by our specialist staff team offering support, advice, information and advocacy around abuse, welfare benefits, housing, debt and other finances, legal matters, immigration, health, education, training and employment. Our in-depth needs and risk assessments assist us, alongside women's feedback, to devise comprehensive Individual Support and Safety Plans, and to work with women to achieve positive outcomes.

Infrastructure

Our commitment to continuous improvement of our governance and accountability, led us to reconsider and review our management infrastructure during the year. The review led the Board to approve enhanced infrastructure capacity to implement those decisions. We embarked upon an internal whole system approach, by recruiting a Performance and Contracts lead, to steer the review and the subsequent change management plan.

Our ambition is to create "a place to work where we are informed and connected; strengthening us to be effective, creative and have impact" and to prioritise a positive people culture; purposeful communications; knowledge/data insight hub; business development/improvement.

Inclusivity

We operate in one of the most diverse regions in the country. We were awarded the Quality Mark for the Race Code assisting us to embed anti-racist practice across the organisation. We continued to ensure that our staff team, represent as far as is possible, the communities of the region and attract women from the communities of Birmingham to use our services. This resulted in 19 different languages spoken in our team and brings to the organisation an improved understanding of our communities and their cultures. Interpreting services was available for all those that required them.

Page 4

BIRMINGHAM & SOLIHULL WOMEN'S AID

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

OBJECTIVES AND ACTIVITIES

In order to ensure we are achieving our ambitions for Inclusion in our services, we keep abreast of demographics of our board, staff and service users. For the purpose of implementing the RACE Code action plan we kept a particular eye on ethnicity of our service users.

Service users' ethnicity data:

African 4.74% Any other ethnic group 1.33% Arab 1.72% Bangladeshi 2.77% Black African / British 0.06% Black Caribbean / British 0.21% Caribbean 4.14% Chinese 0.21% Gypsy or Irish Traveller 0.15% Indian 3.60% Iranian 0.02% Irish 0.79% Other Asian 2.49% Other Black / African / Caribbean 1.11% Other Mixed Heritage 0.97% Other White 1.74% Pakistani 16.26% Persian 0.02% Roma 0.21% White & Asian 0.69% White & Black African 0.21% White & Black Caribbean 2.64% White & Indian 0.06% White & Pakistani 0.04% White British 37.49% White Eastern European 2.42% Declined 0.30% Don't know / didn't ask / missing data 13.62%

Fundraising

It has proved challenging to undertake external fundraising events over the past two years and so outside of statutory commissioning, we were more reliant on one-off donations and charitable trusts, totalling £626,143

Governance

In its commitment to strengthening our governance processes and policies, the Board has approved a Governance Improvement action plan and a Governance Task and Finish Group (Governance TAF) consisting of trustees and members of the senior leadership team was formed to take this plan forward. This work will provide the board with a robust governance framework that will enhance the board's ability to exercise proper oversight and ensure transparency and accountability.

Equality, Diversity and Inclusion remains a priority for the board and its approach to support good governance and delivery of charitable purposes. The board will be forming a recruitment review panel to improve diversity on the board. Furthermore, the board appointed a Race Equality Champion who takes the lead in ensuring that the board promotes race equality in all of its work. The trustees undertake regular training refreshers in their responsibility towards Safeguarding and General Data Protection Regulation.

We reviewed and refreshed our risk register and monitoring arrangements, made progress in adopting a more comprehensive approach to board assurance, and appointed a Trustee with specific responsibility for safeguarding. Each trustee participates in one-to-one discussion with the Chair on a biennial basis.

The Trustees have had due regard to the Charity Commission's guidance on public benefit at all relevant times.

Page 5

BIRMINGHAM & SOLIHULL WOMEN'S AID

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

OBJECTIVES AND ACTIVITIES

Trustee selection:

Trustees are appointed on the basis of skills and experience, following open recruitment and interview. The Board seeks Trustees through word of mouth, local networks and advertising. Further Board recruitment is planned for 2022-23

Significant investments to meet our objectives:

Volunteering:

A small number of volunteers were in place throughout the year and our ambition is to bring back and increase the hours given through the incredibly valuable work of volunteers to support us in all areas of our work throughout 2022-23

Financial Review:

Reserves Policy and Going Concern

The Trustees operate a reserves policy.

It is recognised that the charity's income does not arise evenly throughout the year and therefore to enable the charity to plan its activities and to maintain an acceptable level of service it is prudent to hold sufficient reserves. The trustee's reserves policy in relation to unrestricted funds is to ensure that the organisation is financially robust and viable. Therefore, the policy seeks to maintain free reserves in unrestricted funds at a level which equates to at least six months' operating costs. We consider that this level will provide sufficient funds to allow time to take necessary steps to mitigate any shortfall.

Amount of reserves held:

£4,838,237 total reserves as at the 31[st] March 2022.

£3,284,494 of these are regarded as free reserves representing 5.9 months running costs. Including designated reserves (that can be re-designated as free reserves) of £1,553,743 would represent 8.8 months running costs.

The charity's principal sources of funds:

Principal risks facing the charity:

The organisation maintains a risk register and the Trustees monitor strategic risks throughout the year. Principal risks identified include:.

Organisational Structure:

Page 6

BIRMINGHAM & SOLIHULL WOMEN'S AID

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03509538 (England and Wales)

Registered Charity number 1073926

Registered office

Ryland House 44-48 Bristol Street Birmingham B5 7AA

Trustees

P McCabe Chair of Board of Trustees M A Fox (resigned 21/9/21) C A Herity C Bradbury-Jones J L Williams S Hussain S Begum T Nelson

Company Secretary M R Connolly

Auditors

French Ludlam & Co Limited Statutory Auditors and Accountants Mountfield House 661 High Street Kingswinford West Midlands DY6 8AL

Solicitors

Tyndalwoods 29 Woodbourne Road Edgbaston B17 8BY

Senior Management Team during the year

M R Connolly, Chief Executive Officer S Dennis, Operations Manager J Morgan, Finance Manager S Islam, Operations Manager

Page 7

BIRMINGHAM & SOLIHULL WOMEN'S AID

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Birmingham & Solihull Women's Aid for the purposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by:

...................................................................... P McCabe - Trustee

Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BIRMINGHAM & SOLIHULL WOMEN'S AID

Opinion

We have audited the financial statements of Birmingham & Solihull Women's Aid (the 'charitable company') for the year ended 31st March 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BIRMINGHAM & SOLIHULL WOMEN'S AID

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 10

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BIRMINGHAM & SOLIHULL WOMEN'S AID

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 11

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BIRMINGHAM & SOLIHULL WOMEN'S AID

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

John Richard Fullman (Senior Statutory Auditor) for and on behalf of French Ludlam & Co Limited Statutory Auditors and Accountants Mountfield House 661 High Street Kingswinford West Midlands DY6 8AL Date: .............................................

Page 12

BIRMINGHAM & SOLIHULL WOMEN'S AID

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Charitable activities
6
Community and therapeutic
Accomodation
Other trading activities
4
Investment income
5
Other income
7
Total
EXPENDITURE ON
Charitable activities
8
Community and therapeutic
Accomodation
Fundraising trading
Total
NET INCOME
Transfers between funds
21
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds

£
283,416
612,360
1,573,913
106,741
760
13,000
2,590,190
608,834
1,431,072
109,270
2,149,176
441,014
12,091
453,105
4,385,132
**4,838,237 **		 Restricted
funds
£
-
4,125,558
361,762
-
-
-
4,487,320
4,116,727
358,502
-
4,475,229
12,091
(12,091)
-
-
-		 2022
Total
funds
£
283,416
4,737,918
1,935,675
106,741
760
13,000
7,077,510
4,725,561
1,789,574
109,270
6,624,405
453,105
-
453,105
4,385,132
**4,838,237 **		 2021
Total
funds
£
572,532
4,793,430
1,917,054
76,579
2,241
36,931
7,398,767
5,144,874
1,785,674
158,091
7,088,639
310,128
-
310,128
4,075,004
4,385,132

Page 13

The notes form part of these financial statements

BIRMINGHAM & SOLIHULL WOMEN'S AID

BALANCE SHEET 31ST MARCH 2022

Notes
FIXED ASSETS
Tangible assets
14
CURRENT ASSETS
Debtors
15
Investments
16
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
17
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
18
NET ASSETS
FUNDS
21
Unrestricted funds
TOTAL FUNDS		 Unrestricted
funds

£
2,968,056
2,134,447
934,727
512,450
3,581,624
(645,278)
2,936,346
5,904,402
(1,066,165)
**4,838,237 **		 Restricted
funds
£
-
235,459
-
-
235,459
(235,459)
-
-
-
-		 2022
Total
funds
£
2,968,056
2,369,906
934,727
512,450
3,817,083
(880,737)
2,936,346
5,904,402
(1,066,165)
4,838,237
4,838,237
**4,838,237 **		 2021
Total
funds
£
1,737,446
1,964,372
656,067
1,224,841
3,845,280
(994,273)
2,851,007
4,588,453
(203,321)
4,385,132
4,385,132
4,385,132

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. P McCabe - Trustee

Page 14 The notes form part of these financial statements

BIRMINGHAM & SOLIHULL WOMEN'S AID

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST MARCH 2022
2022
Notes
£
Cash flows from operating activities
Cash generated from operations
1
15,644
Interest paid
(15,242)
Decrease/(increase) in investments
(278,660)
Net cash (used in)/provided by operating activities
(278,258)
Cash flows from investing activities
Purchase of tangible fixed assets
(1,331,209)
Interest received
760
Net cash used in investing activities
(1,330,449)
Cash flows from financing activities
New loans in year
924,000
Loan repayments in year
(27,684)
Net cash provided by/(used in) financing activities
896,316
Change in cash and cash equivalents in
the reporting period
(712,391)
Cash and cash equivalents at the
beginning of the reporting period
1,224,841
Cash and cash equivalents at the end of
the reporting period
512,450		 2021
£
(102,756)
(6,190)
154,295
45,349
(5,100)
2,241
(2,859)
-
(11,599)
(11,599)
30,891
1,193,950
1,224,841

Page 15 The notes form part of these financial statements

BIRMINGHAM & SOLIHULL WOMEN'S AID

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2022

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Interest received
Interest paid
Increase in debtors
(Decrease)/increase in creditors
Net cash provided by/(used in) operations
2.
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.21
£
Net cash
Cash at bank and in hand
1,224,841
1,224,841
Liquid resources
Deposits included in cash
-
Current asset investments
656,067
656,067
Debt
Debts falling due within 1 year
(10,668)
Debts falling due after 1 year
(203,321)
(213,989)
Total
1,666,919		 2022
£
453,105
100,599
(760)
15,242
(405,534)
(147,008)
15,644
Cash flow
£
(712,391)
(712,391)
-
278,660
278,660
(33,472)
(862,844)
(896,316)
(1,330,047)		 2021
£
310,128
97,928
(2,241)
6,190
(1,022,965)
508,204
(102,756)
At 31.3.22
£
512,450
512,450
-
934,727
934,727
(44,140)
(1,066,165)
(1,110,305)
336,872

Page 16 The notes form part of these financial statements

BIRMINGHAM & SOLIHULL WOMEN'S AID

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

1. CHARITY STATUS

The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute to an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.The main source of any uncertainty would be focussed on the Coronovirus pandemic, however it is not possible to reliably determine the effects of the pandemic will have on the charity.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the accounting policies, Trustees are required to makes judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affected current and future periods.

The areas where these judgements and estimates have been made include: - Depreciation and residual values - the Trustees have reviewed the asset lives and associated residual values of all tangible fixed assets and have concluded that these values are appropriate;

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donations and similar income are included in income when they are received.

Grants receivable from funders for activities in furtherance of the charity's objectives re included in the financial statements of the year when the service is provided.

Grants receivable for specific projects/costs are recognised in accordance with their individual terms and conditions. Income is recognised when the charity has entitlement to the funds which is when any performance conditions are met, it is probable that the income will be received, and the amount can be reliably measured.Grant income will be deferred if received in advance of meeting performance conditions or if the funder specifically states that the income must be spent in a future accounting period.

Fees and other sundry income is accounted for in the year in which it is receivable by the charity.

Page 17

Continued …

BIRMINGHAM & SOLIHULL WOMEN'S AID

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

2. ACCOUNTING POLICIES - continued

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

Where it is possible, costs are allocated directly to the main expenditure categories of the SOFA. Where this is not possible, costs are allocated on the basis of the number of direct and support employees.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost
Short leasehold - over the period of the lease
Fixtures and fittings - 33% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Freehold properties are stated in the balance sheet at cost less depreciation.

Tangible fixed assets are stated at cost less depreciation. Any expenditure on individual assets with a value below £2,500 is written off directly to revenue. Depreciation is provided in equal annual installments over the estimated useful lives of the assets.

Impairment of assets

At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is immediately recognised in the Statement of Financial Activities.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal in any impairment loss is recognised immediately in the Statement of Financial Activities.

Current asset investments

Current asset investments are cash balances of guaranteed investment deposits.

Goods donated for resale

The charity receives donated goods for resale which it recognises at point of sale as the Trustees consider it to be impracticable to recognise such gifts on their receipt due to the large number of small value items received. As such, stocks of unsold donated goods are not valued for balance sheet purposes

Trade debtors

Trade debtors are amounts due for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price less any provision for bad debts.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and any other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 18

Continued ...

BIRMINGHAM & SOLIHULL WOMEN'S AID

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

2. ACCOUNTING POLICIES - continued

Tangible fixed assets

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. Trade creditors are recognised initially at the transaction price.

Borrowings

Bank borrowings are recorded at the initial transaction value less repayments made. Interest is charged to the Statement of Financial Activities as it arises over the term of the loan.

Financial instruments

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11of the Corporate Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. The charity operates a defined contribution pension scheme. Contributions payable to the scheme are charged to the Statement of Financial Activities in the period to which they relate.

Government grants

Government grants received towards the additional costs associated with the Covid-19 epidemic are credited to the Statement of Financial Activities as the additional costs are incurred.

Page 19

Continued …

BIRMINGHAM & SOLIHULL WOMEN'S AID

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2022

3.
DONATIONS AND LEGACIES
Donations
4.
OTHER TRADING ACTIVITIES
Shop income from sale of donated goods
5.
INVESTMENT INCOME
Deposit account interest
6.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Community and therapeutic
Training
Community and therapeutic
Grants
Accomodation
Rent
Accomodation
Grants received, included in the above, are as follows:
Birmingham City Council
Big Lottery DropIn Project
Big Lotto - Women & Girls
Big Lotto - Covid Funding
Primary Care Trust
BCC Vulnerable Adults Commissioning Services
Birmingham Community Safety Partnership
Police and Crime Commisioner
Solihull MBC Public Health Services
Comic Relief
Chidren in Need
CCG - IRIS
Solace Women's Aid
The Springfield Project
Garfield Weston
Caring Foundation
Barclays Covid Funding
Smallwood Trust
Henry Smith
Heart of England
Western Power
NHS Hospital Trust
Carried forward		 2022
£
283,416
2022
£
106,741
2022
£
760
2022
£
4,737,138
780
993,966
941,709
6,673,593
2022
£
1,804,047
-
133,274
-
99,281
766,584
71,500
1,302,627
477,200
38,430
106,231
320,462
45,000
77,824
-
19,500
-
24,991
11,250
-
-
159,451
5,457,652		 2021
£
572,532
2021
£
76,579
2021
£
2,241
2021
£
4,793,070
360
973,780
943,274		 2021
£
572,532
2021
£
76,579
6,710,484
2021
£
1,191,225
157,041
157,560
85,586
99,825
780,148
96,500
1,252,591
505,700
78,431
41,773
321,552
11,250
45,397
15,000
28,349
100,000
24,991
27,000
24,000
5,000
183,299
5,232,218

Page 20

Continued …

BIRMINGHAM & SOLIHULL WOMEN'S AID

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2022

6. INCOME FROM CHARITABLE ACTIVITIES - continued

6.
INCOME FROM CHARITABLE ACTIVITIES - continued
Brought forward
BVSC
National Express Foundation
Nationwide
West Midland Combined Authority
Global Make Some Noise
Crisis
Solihull Churches
MHCLG Regional Covid Funding
Think Active
Southall Black Sisters
St Basils
7.
OTHER INCOME
Government grants
Other income		 2022
£
5,457,652
17,770
5,000
11,209
10,000
-
-
-
-
4,748
220,558
4,167
5,731,104
2022
£
-
13,000
13,000		 2021
£
5,232,218
8,708
3,333
11,209
10,000
50,000
35,730
2,905
412,747
-
-
-
5,766,850
2021
£
32,835
4,096
36,931

Other income includes Access to Work claims of £11,728 (2021 £nil) and Government grants received of £nil (2021 £32,835) in respect of the Coronavirus Job Retention Scheme.

8. CHARITABLE ACTIVITIES COSTS

Community and therapeutic
Accomodation
Fundraising trading		 Direct
Costs
£
4,127,437
1,550,139
109,270
5,786,846		 Support
costs (see
note 9)
£
598,124
239,435
-
837,559		 Totals
£
4,725,561
1,789,574
109,270
6,624,405

Page 21

Continued …

BIRMINGHAM & SOLIHULL WOMEN'S AID

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

9. SUPPORT COSTS

Community and
therapeutic
Accommodation		 Governance
costs
£
45,187
13,589
58,776		 Finance
£
193,528
79,046
272,574		 Info
tech
£
27,647
11,292
38,939		 Management
£
331,762
135,508
467,270		 Total
2022
£
598,124
239,435
837,559		 Total
2021
£
548,821
224,167
72,988

10. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Audit
Depreciation - owned assets
Operating leases		 2022
£
9,024
100,599
123,388		 2021
£
7,848
97,928
123,221

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2022 nor for the year ended 31st March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2022 nor for the year ended 31st March 2021.

12. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2022
£
4,139,693
332,784
158,296
4,630,773		 2021
£
3,673,755
319,479
146,786
4,140,020

The average monthly number of employees during the year was as follows:

Senior management
Finance and administration
Project/refuge
Shops		 2022
7
13
165
3
188		 2021
4
13
147
4
168

Page 22

Continued …

BIRMINGHAM & SOLIHULL WOMEN'S AID

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2022

12. STAFF COSTS - continued

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

£70,001 - £80,000
£80,001 - £90,000		 2022
1
-
1		 2021
-
1
1

The total employee benefits of the key management personnel of the charity was £334,657 (2021 - £236,874).

Included in staff costs above is £nil (2021 - £6,677) paid to agencies or self employed for cover or temporary engagements.

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Community and therapeutic
Accomodation
Other trading activities
Investment income
Other income
Total
EXPENDITURE ON
Charitable activities
Community and therapeutic
Accomodation
Fundraising trading
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
572,532
654,619
1,574,863
76,579
2,241
36,931
2,917,765
606,561
1,391,038
158,091
2,155,690
762,075
(451,947)
310,128
4,075,004
4,385,132		 Restricted
funds
£
-
4,138,811
342,191
-
-
-
4,481,002
4,538,313
394,636
-
4,932,949
(451,947)
451,947
-
-
-		 Total
funds
£
572,532
4,793,430
1,917,054
76,579
2,241
36,931
7,398,767
5,144,874
1,785,674
158,091
7,088,639
310,128
-
310,128
4,075,004
4,385,132

Page 23

Continued …

BIRMINGHAM & SOLIHULL WOMEN'S AID

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2022

14. TANGIBLE FIXED ASSETS

COST
At 1st April 2021
Additions
At 31st March 2022
DEPRECIATION
At 1st April 2021
Charge for year
At 31st March 2022
NET BOOK VALUE
At 31st March 2022
At 31st March 2021
COST
At 1st April 2021
Additions
At 31st March 2022
DEPRECIATION
At 1st April 2021
Charge for year
At 31st March 2022
NET BOOK VALUE
At 31st March 2022
At 31st March 2021		 Freehold
property
£
1,927,352
1,331,209
3,258,561
309,057
51,800
360,857
2,897,704
1,618,295
Motor
vehicles
£
12,480
-
12,480
10,238
1,416
11,654
826
2,242		 Short
leasehold
£
228,601
-
228,601
120,078
39,921
159,999
68,602
108,523
Computer
equipment
£
241,642
-
241,642
238,749
1,971
240,720
922
2,893		 Fixtures
and
fittings
£
431,042
-
431,042
425,549
5,491
431,040
2
5,493
Totals
£
2,841,117
1,331,209
4,172,326
1,103,671
100,599
1,204,270
2,968,056
1,737,446

Individual items of expenditure under £2,500 are not capitalised.

Page 24

Continued …

BIRMINGHAM & SOLIHULL WOMEN'S AID

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
£
Trade debtors
2,049,067
Prepayments and accrued income
320,839
2,369,906
16.
CURRENT ASSET INVESTMENTS
2022
£
Guaranteed investment deposits
934,727
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
£
Bank loans and overdrafts (see note 19)
44,140
Trade creditors
270,134
Social security and other taxes
86,465
Other creditors
49,295
Accrued expenses
183,483
Deferred grants
247,220
880,737
18.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022
£
Bank loans (see note 19)
1,066,165
19.
LOANS
An analysis of the maturity of loans is given below:
2022
£
Amounts falling due within one year on demand:
Bank loans
44,140
Amounts falling between one and two years:
Bank loans - 1-2 years
46,635
Amounts falling due between two and five years:
Bank loans - 2-5 years
148,773
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
870,757		 2021
£
1,024,920
939,452		 2021
£
1,024,920
939,452
1,964,372
2021
£
656,067
2021
£
10,668
354,773
70,555
41,704
285,787
230,786
994,273
2021
£
203,321
2021
£
10,668
35,952
167,369
-

Page 25

Continued …

BIRMINGHAM & SOLIHULL WOMEN'S AID

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2022

20. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£ £
Bank loans 1,110,305 213,989

A mortgage of £262,500 was obtained in the year to 31 March 2017 to assist in the purchase of a new refuge, The mortgage is repayable by monthly instalments over 20 years and is charged interest at a rate of 2.6875% per annum above the bank base rate.

On 29th October 2021 a further mortgage was taken out to fund the purchase of a further two refuges. This loan is repayable by monthly installments over 10 years and carries an interest rate of 0.6875% per annum above the bank base rate.

The mortgages are secured by fixed and floating charges over the assets of the charity and a first legal charge held over the freehold properties The net book value of these properties is £2,887,058 (2020 £825,486).

21. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Staff redundancy reserve
Capital expenditure reserve
Capital repairs reserve
Maternity
Restricted funds
General restricted reserve
TOTAL FUNDS
Net movement in funds, included in the above ar
Unrestricted funds
General fund
Restricted funds
General restricted reserve
TOTAL FUNDS		 At 1.4.21
£
2,831,389
200,000
832,446
467,330
53,967
4,385,132
-
4,385,132
e as follows:		 Net
movement
in funds
£
441,014
-
-
-
-
441,014
12,091
453,105
Incoming
resources
£
2,590,190
4,487,320
7,077,510		 Transfers
between
funds
£
12,091
-
-
-
-
12,091
(12,091)
-
Resources
expended
£
(2,149,176)
(4,475,229)
**(6,624,405) **		 At
31.3.22
£
3,284,494
200,000
832,446
467,330
53,967
4,838,237
-
4,838,237
Movement
in funds
£
441,014
12,091
453,105

Page 26

Continued …

BIRMINGHAM & SOLIHULL WOMEN'S AID

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2022

21. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
Transfers
movement
between
At 1.4.20
in funds
funds
£
£
£
Unrestricted funds
General fund
2,521,261
762,075
(451,947)
Staff redundancy reserve
200,000
-
-
Capital expenditure reserve
832,446
-
-
Capital repairs reserve
467,330
-
-
Maternity
53,967
-
-
4,075,004
762,075
(451,947)
Restricted funds
General restricted reserve
-
(451,947)
451,947
TOTAL FUNDS
4,075,004
310,128
-
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
2,917,764
(2,155,690)
Restricted funds
General restricted reserve
4,481,003
(4,932,949)
TOTAL FUNDS
7,398,767
(7,088,639)
A current year 12 months and prior year 12 months combined position is as follows:		 At
31.3.21
£
2,831,389
200,000
832,446
467,330
53,967
4,385,132
-
4,385,132
Movement
in funds
£
762,074
(451,946)
310,128
Unrestricted funds
General fund
Staff redundancy reserve
Capital expenditure reserve
Capital repairs reserve
Maternity
Restricted funds
General restricted reserve
TOTAL FUNDS		 At 1.4.20
£
2,521,261
200,000
832,446
467,330
53,967
4,075,004
-
4,075,004		 Net
movement
in funds
£
1,203,089
-
-
-
-
1,203,089
(439,856)
763,233		 Transfers
between
funds
£
(439,856)
-
-
-
-
(439,856)
439,856
-		 At
31.3.22
£
3,284,494
200,000
832,446
467,330
53,967
4,838,237
-
4,838,237

Page 27

Continued …

BIRMINGHAM & SOLIHULL WOMEN'S AID

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

21. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
General restricted reserve
TOTAL FUNDS
Transfers between funds		 Incoming
Resources
resources
expended
£
£
5,507,954
(4,304,866)
8,968,323
(9,408,178)
14,476,277
(13,713,044)		 Movement
in funds
£
1,203,088
(439,855)
763,233

Within restricted funds:

The Repairs Reserve represents an allocation of general funds to allow for the refurbishing of properties.

Maternity Leave Reserve represents an allocation of general funds to cover costs associated with staff being on maternity leave.

Redundancy Reserve represents a prudent allocation of general funds to allow for any staffing restructure required following a reduction in income.

Capital Expenditure Reserve represents an allocation of general funds allow for the purchase of additional property as needed by the charity.

Restricted funds income relates to the operation of the charity's refuges and the provision of support and advice to the end users. All of the restricted funds income are expended within the year. Any funds in the year that relate to the forthcoming year are carried forward as deferred income with a corresponding cash balance or debtor shown in the accounts. General unrestricted funds are used to cover the funding shortfalls by way of a transfer between funds.

The balance transferred to unrestricted funds in the Statement of Financial Activities represent the balance of restricted fund contributions to general costs as agreed with the funding bodies.

22. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st March 2022.

Page 28