REGISTERED COMPANY NUMBER: 03509538 (England and Wales) REGISTERED CHARITY NUMBER: 1073926 OFtrIc.E COPY Af%'b F;. REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2025 FOR BIRMINGHAM & SOLIHULL WOMEN'S AID A COMPANY LIMITED BY GUARANTEE Fr¢nch 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 2025 Page Chair's Report Report of the Trustees Report of the Independent Auditors 8 to 11 Statement of Financial Activities 12 Statement of Financial Position 13 Statement of Cash Flows 14 Notes to the Statement of Cash Flows 15 Notes to the Financial Statements 16 to 28
BIRMINGHAM & SOLIHULL WOMEN'S AID CHAIR'S REPORT FOR THE YEAR ENDED 31ST MARCH 2025 The Board of Trustees is pleased to present its annual r¢port together with the financial statements for the year ending 31st of March 2025. which have be¢n prepared to meet the requirements for a director's report and accounts for companies act purposes. The 'perf¢ct storm, I have described previously, of overstretched statutory and voluntary services, reduced budgets and cuts to services, particularly those nded by Birniingham City Council, continuing cost of living pressur¢s, and rising inequality cam¢ home to roost during 2024125, as we and other service providers were forced to re-tend¢r for many core servic¢s at redu¢¢d levels of lldIng. Our funders had to make significant savings, leading to a shortfall of resources and difficult decisions for us as s¢rvi¢¢ providers. I would like to pay tribute to our workforce who again showed their ongoing commitment to th¢ women and children we serve, making sacrifices to maintain services even when facing difficult times themselves. The board is indebted to them all. Nevertheless. the demand for our services continued to grow and we did have to make some redundancies and reconfigure some serYAces, whilst working to maintain the quality and reach of the majority of our offer. Recruitment challenges continue to make even more demands on our staff and other resources. Our efforts to strengthen organis&tional capacity continue. At board level, the tSteeS continued our work to ensure our govemance is fit for the 21st century, with a board that can effectively support management colleagu¢s in leading an organisation able to respond and innovate in the face of continuing and increasing need. By y¢ar end, the boaTd had alinost covnpleted its governance improvement plan, with a fi]11 suite of up-to-date policies and documentation to guide us, aiid clear plans to fonnalise our board and Istee appraisal and perforniance management processes. More tSteeS took on additional responsibilities outside of board meetings, including committee membership, enabling us to enhance individual and collective understanding of and engagement with the wider organisation. Our commitment to diversity equality and inclusion remains as strong as ever, equipping us to meet the diverse needs of the women who need our services. Effective partnerships remain essential to mitigate the pressures BSWA faces and to strengthen the whole system that supports women and children in staying safe and rebuilding lives. I would like to take this opportunity to thank my colleague trustees, Tnanagers, staff, volunteers and partners who together contributc to th¢ delivery of high-quality provision and support to women and children affected by violence and abuse. Patricia McCab¢, Chair of the Board of Trustees 16th Sept¢mber 2025 Pag¢ I
BIRMINGHAM & SOLIHULL WOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 The trustees who are also directors of the charity for the purposes of the Companies Acl 2006, present their report with the financial ststements of the charity for the year ended 31 st March 2025. The tnJst¢es 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 Rworting Standard applicable in the UK and Republic of Ir¢land (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Vision To create space for women and children subjected to abuse to be safe. take action and be in control. and to build a society where violence against women and children no longer exists through d¢v¢loping understanding. Challenging inequality and inspiring change. Values - Trust and Integrity Belonging and Inclusion - Openness and Accountability - Services run by women for women Culture Our commitment to all of the women and children we work with. and to the women that work h¢r¢ is: We listen We believe your experiences of abuse We prioritise your safety - We do what we say We continually learn - We recognise your strength Charitable Objeetives In line with our governing document, BSWA provides specialist support to women, children, and young people affected by domestic and sexual violence through refuge accommodation, cornmunity outreach, early intervention. prevention, and advocacy. Public Benefit The Trustees confiTm they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's guidance on public benefit. Beneficiaries of our services BSWA beneficiaries are women, children and young people subject to domestÉc and sexual violence. Equality We will embed anti-discriminatory practice and challenge inequality in all that we do. Influence We will use our expertise as leading domestic abuse specialists to build the understanding that drive5 cultural change. Profile We wtll tell our story and engage others to secure the resources. rognItIon and support necessary to ¢nable us to achieve our vision. Page 2
BIRMINGHAM & SOLIHULL WOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 OBJECTIVES AND ACTIVITIES Structure, Governance and Management Governance The Board operates in line with the Charity Governanee Code and the RACE Code. During the year, the Board implernented its Governance Improvement Plan, updating governance documentation, revising the Risk Register and assurance framework, and clarifying the expectations of Trustees. Stsnding committees of the Board include.. - Nominations and Remuneration Committee - oversees Trustee recruitm¢nt, induction, and perforniance. Finance and Audit Committee - monitois financial perforniance and risk. Trustee ReeruRtment, Induction and Training Skills audits are conducted regularly, and new Trustees are recruited to ¢nsure the Board reflects the diversity and skills required to lead the organisation. New Trustees receive an induction pack and spend time with the Chair, CEO. and senior staff. Ongoing training includes safeguarding. GDPR. cyb¢r s¢curity, and flnance. Management The day-to-day management of the charity is delegated to the CEO, SUPPOTted by the Senior Leadership Team. The CEO has ready access to the Chair and other trustees. Trusle¢s r¢main infomied through regular project visits. taking the opportunity to view our buildings. and engage with s¢rvi¢¢ users 2nd staff. Management Structure Board of Trustees CEO Head of Accommodation Head of Community- Based Services Head of InteNention and Prevention Head of Finance and Performance Safeguarding Safeguarditsg is a core responsibility of all Trustees, supported by a lead Trustee for safeguarding who works clos¢ly with the Designated Safeguarding Lead. Safeguarding audits are conducted annually and reported to the Board. Inclusion Our commitment to inclusion is reflected in our trustee recrnitment practice. resulting in 60D/o of trustees are BAME and 200/0 lesbian. 550/0 of BSWA'S staff workforce are BAME. This 15 in comparison to approx. 52% of the population of the area according to the 2021 census for Birn]ingharn and Solihull. Page 3
BIRMINGHAM & SOLIHULL WOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 Achievements and Performance Overview 2024-25 was a challenging year, marked by continuing budget cuts under Section 114 oversight and other statutory sector commissioning, the cost of living crisis, and increased demand for services. For the first time, we were forced to turn women away frorn our Early Intervention Hub due to lack of capacity. 2024-25 We supported 5,061 women through casework. ++++++t+++ 55 atpwjr nde 21 6% 13% ofwomen required an Interprètèr. In¢ludlng 3 women Aged25-54 73 57% had children accesslng BSL Interpreters 26% of women hada dlsablllty 195 wornen rocoived complox rieeds supporl 515 women supported wirh long- ierm casEwork In the iomtnuniLy 911 women supporied rhrougb BSWA Healih 148 women and We also received accessed our refuge5 5ervice5 26,704 I 224 women acce55ed laniily SUPPDri services, th@y also 5upporied 49 children. helpline calls, and took 2390 3857 MARAC suppDrt5 in Birminghani aiid drop in appointments in the Early Intendention Hub. In 2024-25- 13,456 women accessed our community-based services. We recelved 26,704 incoming helpline calls Refuges operated to capacity throughout the year. Multi-Agency Risk Assessment Conference (MARAC) referrals continued to rise. with a total increase of 150/y in 2024-25 compared to 2023-24. We recruited. inducted and trained an additional 35 volunteers to join the team to provide direct support to wornen working on rough belpline cover, community services and community fundraising activity. We were recommissioned by Binninghatn City Council to deliver refuge provision, helpline, alld outreach services (with reduced funding). Funding was secured for one year supporting refuge project work. HUB and specialTSt children's work to take us into 2025-26. The Early Intervention Partnership with W¢st Midlands Police was established. leading to involvement in the national launch of Raneem's Law. Page 4
BIRMINGHAM & SOLIHULL WOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST IVIARCH 2025 Birn]ingham's Domestic Abuse Strategy was launched and BSWA plays a central role in the development and implementation through sub groups. -BSW A disbursed over £650k in Housing Support grants to women in domestic abuse services and migrant women with no recourse to public funds (NRPF). -our new finance syStern's capacity has further streamlined and strengthened Teporting. Following a review of our ndraising function we have agreed a new and enhanced fundraising and marketing team that wtll focusing on corporate and major donors alongside our very active community fundraising work. Service User Proflle- Ethnicity This data reinforces the charity's commitment to inclusiv¢ services that meet the needs of women from a wide range of cultural and ethnic backgrounds. Ethnicity of BSWA service users compared to Birmingham and Solihull census data 50.00 45.00 40.00 35.00 30.00 25.00 20.00 15.00 10.00 5.00 0.00 BSWA service users % Birmingham & Solihull (Census 20211 % Page 4
BIRMINGHAM & SOLIHULL WOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 Results for the year and Reserves Policy The charity ended the financial year with total incom¢ of £8.293,567 (previous year: £8.323.151) and total expenditure of £7,817,540 (previous year.. £7.991.461), resulting in a n¢t surplus of £476,027. There were no restricted funds, while unrestrlcted reserves stood at £6,250,269. The tNstees consid¢r this level of reserves to be appropriate for the charity's operational needs and futyre commitments. A reserves policy is in place to ensure financial sustsinability and risk mitigation. As of 31 March 2025, £4,296.526 constittJl¢s free r¢s¢rv¢s. ¢quival¢nt to 6.6 months of op¢rating costs. Additional designated reserves, potentially re-designated as free r¢s¢rv¢s. total £1.953.743, which r¢pr¢sents an overall total of 9.6 months of running costs. The charity remains financially stable, with adequate resoutces to continue its work in the foreseeable tre. The trust¢¢s regularly monitor financial perfornianc¢ and ensure that appropriate controls and governance StrUcr¢S ar¢ maintained. Principal funding sources The charity's principal funding sources include.. - Birmingham City Counctl (BCC) Solihull Borough Council - 01¢¢ of the Pollce and Crime Commissioner & Ministry of Justice (MOJ) CCG Iris Principal risks and uncertainties The Trustees monitor risks on a quarterly basis. The main risks identified in 2024-25 were.. Reduction in funding and contract values. Loss of key staff due to r¢cruitment challenges. - Loss of premises. Mitigation rn¢asures include increased capacity to undertake active fundraising, strengthening partnerships, and developing contingency plans. Future plans Review the Memorandum and Articles of Association in 2025-26. Expand fundraising capacity to diversify income streams. Continue to embed equality, dTversity, and inclusion in all governance and service delivery. Strengthen partnerships to improve safety and outcomes for women and children. STRUCTURE AND GOVERNANCE Governing document Binningham & Solihull Wom¢n's Aid is a registered charity. registration number 1073926 and a company limited by guarantee. registration number 03509538. The governing docurnent is the Memorandurn and Articles of Association of the company, which establish the objects and powers of the charitable company and is governed under its Articles of Association. In the event of th¢ company being wound up, members are required to contribute an amount not exceeding £1. Page 5
BIRMINGHAM & SOLIHULL WOMENIS AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03509538 (England and Wal¢s) Registered Charity number 1073926 Registered olee Ryland Hous¢ 44-48 Bristol Street Binningham B5 7AA Trustees P Mccabe Chair of Board of Trustees C A Herity S Hussain (resigned 2917124) S Begum T Nelson Chair, Remuneration & Nominations S Hutchinson J Reid N Randhawa J A Zacheva J L Birch Treasurer K Kaur Chauhan Company Secretary M R Connolly Auditors French LudlaTn & Co Limited Statutory Audttors and Accountants Mountfi¢ld House 661 High Street Kingswinford DY6 8AL Solicitors Tyndalwoods 29 Woodboume Road Edgbaston B17 8BY Banks Co-op Bank Colmore Row Birniingham B3 3BA CAF Bank 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ Senior Leadership Team during the year M R Connolly, Chief Executive Officer S Dennis, Operations Manager J E Morgan, Finance Manager S Islam. Operations Manager P K Dhaliwal Page 6
BIRMINGHAM & SOLIHULL WOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 STA TEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Btrniingliam & Solihull Women's Aid for the PUTposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicabl¢ law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 The Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland" Company law requires the tnistees 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 Tequired to select suitable accounting policies and then apply them consistently: observe the methods and principles in the Charity SORP. make judgements and estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to pr¢sum¢ that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any tirne the financial position of the cbaritable company and to enable them to ¢nsure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of th¢ ¢haritabl¢ 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: there is no relevant audit inforniation of which the charitable company's auditors are unaware- and the trustees have taken all steps that they ought to have taken to make themselves aware of any r¢levant audit infomiation and to establish that the auditors are aware of that infonnation. Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company dir¢ctors. on 16th September 2025 and signed on the board's behalf by= Patricia Mccabe. Chair of the Board of Trusfres Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BIRMINGHAM & SOLIHULL WOMEN'S AID Opinion We have audited the financial statements of Binningham & Solihull Women's Aid (the 'charitable company? for the year ended 31 st March 2025 which compris¢ th¢ Statement of Financial Activities. the Statement of Financial Position. the Statement of Cash Flows and not¢s to the financial statements, including a summary of significant accounting policie5. The fInancial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Practice). including Financial Reporting Standard 102 'The Financial R¢porting Standard applicable in the UK and R¢publi¢ of Ireland,. In our opinion the financial statements- give a true and fair view of the state of the charitable company's affairs as at 3 1st March 2025 and of its incoming resources and application of resourc¢s, including its income and expenditure. for the year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and have been prepared in accordance with the requirements of the Companies Act 2006. 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 th¢ financial statements section of our report. We are independent of th¢ charitable company in accordance witl) the ethical r¢quirernents that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled OUT Other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provid¢ a basis for our opinion. Conelusions relating to going concern In auditing the financial 5tatement5, we have concluded that the tn]stees' use of the going concern basis of accounting in the pr¢paration of the financial statements is appropriate. Based on the work we have performed, we have not identified any material unc¢rtainties 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 frorn when tlie financial statem¢nts are authorised for issue. Our responsibiliti¢s and the responsibilities of the trustees Wlth respect to going concern are described in the relevant sections of this report. Other information The trustees ar¢ r¢sponsible for the other infomiation. The other inforniation comprises th¢ infomiation included in the Annual Report. other than the financial statements and our Report of the Independ¢rAt Auditors thereon. Our opinion on the financial ststements does not cover the other inforniation and. except to the extent otherwise explicitly stated in our report, we do not express any forni of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other inforniation and. in doing so, consider whether the other infonnation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be rnaterially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to deterniine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we hav¢ p¢rfonned, we conclude that there is a material misstatement of this other infonnation, 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: the infonnation given in the Report of the Trustees for the financial year for which the financial ststements are prepared is consistent with the financial statements. and the Report of the Trustees has been prepar¢d in accoTdance with applicable legal requirements. Page 8
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BIRMINGHAM & SOLIHULL WOMEN'S AID Matters on Ivhieh Ive are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in th¢ 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 r¢port to you if, in our opinion.. adequate accounting records have not be¢n kept or returns adequate for our audit have not been received from branches not visited by us. or the financial statements are not in agreement with the accounting records and returns" or certain disclosures of trustees, remuneration specified by law are not made. or we have not received all the infornlation and explanations we require for our audit. 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 intemal control as the twst¢¢s detennine is necessary to enable the Preparation of fmancial statements that are free from material misstatement, wheth¢r 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 trusfres eith¢r intend to liquidate the charitable company or to ¢¢ase operations, or have no realistic alternative but to do so. Page 9
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BIRMIIYGHAM & 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 misstatetnent, whether due to fraud or eLTor. 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 guarante¢ 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. The extent to which our procedur¢s are capable of detecting irr¢8ularities. including fraud is detailed below.. Because of the ittheient limitations of an audiL there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial ststem¢nts or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is Temov¢d from the events and transactions reflected in the financial statements, as we will be less lik¢ly lo become aware of instsn¢¢s of non-compliance. The risk is also greater r¢garding irregularities occurring due to fraud rather than etroT, as fraud involves intentional concealment, forgery. collusion. omission or misrepiesentation. As part of an audit in accordan¢¢ with ISAS (UK), we exercis¢ professional judgment and maintain professional s¢¢pti¢ism throughout the audit. We also.. Identify and assess the risks of mat¢rial misstatement of the financial statements, whether due to fraud or error. design and perfonn audit proc¢dures responsive to those risks. and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of Dot detecting a material misstatement resulting from fraud is higher than for one resulting from error. as fraud may involve collusion, forgery, intentional omissions. misr¢pr¢s¢ntations, or the oveIde of internal control. Identify and assess the risks of material misstatement of the financial statements. whether due to fraud or error, d¢sign and perform audit procedures responsive to those risks, and obtain audit ¢vidence that is sufficient and appropriat¢ to provide a basis for our opinion. Th¢ risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forg¢ry. intentional omissions, misrepresentations. or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit pro¢¢dures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charitable company's internal control. Evaluate the appropriat¢ness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trust¢es. Conclude on the appropriat¢n¢ss of the trustees, use of the going concern basis of accounting and. based on tbe audit evidence obtained, whether a mal¢rial uncertainty exists related to events or condltions that may cast significant doubt on the charitable company's ability to continue a5 a going concern. If we conclude that a material un¢¢rtainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements OT, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the dat¢ of our auditor's report. However. tUre events or conditions may cause the charitable cornpany to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation (ie. gives a true and fair view). We communicate with those charged with governance regarding, aollg other matters. the planned scope and liming of the audit and significant audit fmdings. 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 stat¢ments is located on the Financial Reporting Council's websit¢ at www.frc.org.uklauditorsresponsibilities. This description fonns part of our Report of the Independent Auditors. Page 10
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. OUT audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state lo them in an auditors, report and for no other purpose. To the fvllest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable cotnpaiiy's members as a body. for our audit work, for this report. or for the opinions we have fonn¢d. 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- Pagell
BIRMINGHAM & SOLIHULL WOMEN'S AID STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING AN INCOME AND EXPENDITURE ACCOUN FOR THE YEAR ENDED 31ST MARCH 2025 2025 Total funds 2024 Total fund5 Unrestricted funds Restricted nds Not¢s INCOME AND ENDOWMENTS FROM Donations and legacies 231,035 231,035 232.401 Charitable activities Community and therapeutic Accommodation 1,351,136 2,139,568 4,247,606 105,030 5,598,742 2,244,598 5,992,584 1,953.571 Other trading activities Investment income Other in¢ome 112,296 56,205 50,691 112,296 56,205 50,691 83.800 40.343 20.452 Total 3,940.931 4.352 636 8 293 567 8.323,151 EXPENDITURE ON Charitable activities Community and therapeutic Accommodation Fundraising trading 2,130,553 916,340 197,564 3,246,889 1,326,194 5,377,442 2,242,534 197,564 5.784.211 2,124.124 83.126 Total 3 244 457 4 573,083 7 817,540 7,991,461 NET INCOMEI(EXPENDITURE) Trgnsfer5 between funds 696,474 220,447) (220,447) 220,447 476,027 331.690 23 Net movement ill funds 476,027 476,027 331,690 RECONCILIATION OF FUNDS Total funds brought forward 5,774,242 5,774,242 5,442,552 TOTAL FUNDS CARRIED FORWARD 6,250,269 6,250,269 5.774.242 The notes forni part of thes¢ financial statements Page 12
BIRMINGHAM & SOLIHULL WOMEN'S AID STATEMENT OF FINANCIAL POSITION 31ST MARCH 2025 2025 Total funds 2024 Total nds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible assets 15 2,741,070 2,741.070 2,777.610 CURRENT ASSETS Debtors Investments Cash at bank and in hand 16 17 1,414,977 3,155,027 793,568 1,414,977 3,155,027 793,568 1,881,861 1.964,385 852,436 5,363,572 5,363,572 4,698,682 CREDITORS Amounts falling due within one year 18 {863,627) (863,627) (672,147) NET CURREIYT ASSETS 4,499.945 4,499,945 4.026.535 TOTAL ASSETS LESS CURREIYT LIABILITIES 7,241,015 7,241,015 6,804,145 CREDITORS Amounts falling due after more than one year 19 (990,746) {990,746) (1.029.903) NET ASSETS 6,250,269 6,250,269 5,774,242 FUNDS Unrestricted ndS 23 6.250,269 5,774,242 TOTAL FUNDS 6,250,269 5,774,242 The financial statements were approved by the Board of Trustees and authorised for issue on 16th September 2025 and were signed on its behalf by: Patricia Mccabe. Chair of the Board of Trustees Th¢ notes fonn part of these financial statements Page 13
BIRMINGHAM & SOLIHULL WOMEN'S AID STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 Notes Cash flows from operating activities Cash generated from operations Interest paid 1240,239 80,609 (114,924) 82,840) Net cash provided by/{used in) operating activities 1,159,630 (197,764) Cash flows from investing activities Purchas¢ of tangible fixed assets Sal¢ of tangible fixed assets Interest rec¢ived Decreasel(in¢r¢ase) in investments (42,726) 55 40,343 137.769 56,205 1,190,642) Net cash (used in)/provided by investing activities 1177 163) 178.167 Cash flows from financing activities Loan Tepayments in year 41,335 (21,251) Net cash us¢d in financing activities 41,335) 21.251) Change in cash and cash equivalents in the reporting period Cash 2nd cash equivalents at the beginning of the reporting period (58,868) (40.848) 852,436 893.284 Cash and cash equivalents at the end of the reporting period 793,568 852,436 The notes forni part of these financial stst¢m¢nts Page 14
BIRMINGHAM & SOLIHULL WOMEN'S AID NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net ineorne for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Interest paid Decreasel{increase) in debtors Increasel{decrease) in creditors 476,027 331.690 79,266 (56,205) 80,609 466,884 193,658 98.673 {40,343) 82,840 (268,638) 319,146) Net cash provided byl(used in) operations 1240 239 114.924) ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash flow At 31.3.25 Net cash Cash at bank and in hand 852,436 58,868 793,568 852,436 (58,868) 793,568 Liquid resources Deposits included in cash Current asset investments 1,964,385 1,190,642 3,155,027 1,964,385 1190.642 3.155,027 Debt Debts falling due within l year Debts falling due after l year (32,761) 1,029,903) 2,178 39,157 (30,583) 990,746 1062,664 1.021J29 Total 1.754,157 1,173,109 2.927,266 The notes fonn part of these financial statements Page 15
BIRMINGHAM & SOLIHULL WOMEN'S AID NOTES TO THE FINAIYCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 CHARITY STATUS The charity is limited by guarantee, incoTporated in England and Wales, and consequently does not have share capital. Each of the trustees is Ilable to contribute to an amount not exceeding £1 lowords the assets of the charity in th¢ event of liquidatioTh. The registered company number is 3509538. The charity's registered office is Ryland House. 4448 Bristol Street, Bim]ingham B5 7AA. 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= Slat¢ment of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been pr¢pared 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 valu¢ of assets held by 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 carying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experienc¢ 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 estimat¢s are recognised the period in which the estimate is revised tf the revision affects only that period, or in the period of the revision and fijture periods if the revision affected Current and future periods. The areas where these judgements and estimates have b¢¢n 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 th¢s¢ values are appropriate. Debtors debtors include amounts due from external organisations and individuals. The charity recognises provisions against specific debtor balances. that ar¢ based on the age of the debtor balance and assessed risk of recoverability. The value of trade debtors in the note is net of the Provision for doubtful debts. Income All income is Tecognised in the Stat¢m¢nt of Financial Activities once the charity has entitlernent to the funds. it is probable that the income will be received and the amount can be m¢asured reliably. Donations and similar income are included in income when they are received. Grants receivable from nderS for activities in furtheranc¢ of the charity's objectives are included in the financial statements of th¢ year when the service is provlded. Grants receivable for specific projectslcosts are recognised in accordance with their indivtdual ternis and conditions. Income is recognised when the charity has entitlement to the funds which is when any perforniance 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 perfonnance conditions or if the funder specifically states that the income must be spent in a future accounting period. Investment income is account¢d for when receivable. Trading income is accounted for on a receivable basis. Page 16 ¢ontinued...
BIRMINGHAM & SOLIHULL WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 ACCOUNTING POLICIES- continued Ineome Fees and other sundry income is accounted for in the year in which it is receivable by the charity. No amounts are included in the financial statements for services donat¢d by volunte¢rs. Expenditure Liabilities are Tecognised as expendithre as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transf¢r 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 ¢osl related to the category. Where costs cannot be directly attributed to particular headings they have been allocafrd 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 th¢ 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 Short leasehold FTXtures and fittings Motor vehicles 20/0 on cost over the period of the lease 330/0 on cost 200/0 on cost Freehold properttes are stafrd in the balance sheet at cost less depreciation. Tangible fixed ass¢ts 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 instalments over the estimated useful lives of the assets. Impairment of assets At each reporting date assets are reviewed to detetmine whether there is 8ny indication that those assets have suffered an irnpairnient loss. If there is an indication of possibl¢ impaimient. the recoverable amount of any affected asset is estimated and compared with its carrying amount. If th¢ estimafrd recoverable amount is lower. th¢ ¢anying amount is reduced to its estimated recoverdble amount, and an impaimlent loss is immediately recognised in the Statement of Financial Activities. If an impairn]ent 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 deterniined had no impairnient loss been recognised for th¢ asset in prior years. A reversal in any impairn]ent loss is recognised immediately in the Statement of Financial Activities. Current asset investments cUent asset investments are cash balances of guaranteed investment deposits. Goods donated for resale The charity receives donated goods for resal¢ which it recognises at point of sale as the Trustees CODsider it to be irnpracticable to recognise such gifts on th¢ir rec¢ipt 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 debtor5 Trade debtOTS are amounts due for merchandise sold or servic¢s perforn)ed in th¢ ordinary course of business. Trade debtors are recognised initially at th¢ transaction price less any provision for bad debts. Page 17 ontinued..
BIRMINGHAM & SOLIHULL WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 ACCOUNTING POLICIES- continued Tangible fixed assets Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and any other short t¢nn highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. 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 payabl¢ are classified as current liabilities if the charity docs not have an unconditional right, at the end of the reporting period. to defer settlernent of the creditor for at least twelve months after the reporting date. Trade creditors ar¢ 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 th¢ t¢rm of the loan. Financial instruments Financial assets and financial liabilities are re¢ognis¢d when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instrurnents are classified according to the substance of the contractual arrangem¢nts entered into. An equity instrnment 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 I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitabl¢ company for UK cooration tax Purposes. Accordingly. th¢ charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I lof the Corporate Tax Act 2010 or Section 256 of the Txxation of Chargeable Gains Act 1992. to the extent that such incom¢ 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 putposes within the objects of the charity. Restrictions arise when specifled by the donor or when funds ar¢ raised for particular restricted purposes. Further explanation of the nature and purpose of each nd is included in the notes to the financial statements. Pension costs The charitable company op¢rat¢s a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Stafrment of Financial Activities in the period to which they relate. Government grants Government grants received are credited to the Statement of Financial Activities as the relevant costs are incurred. Page 18 continued...
BIRMINGHAM & SOLIHULL WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 DONATIONS AND LEGACIES 2025 2024 Donations 231035 232.401 OTHER TRADING ACTIVITIES 2025 2024 Shop income from sal¢ of donated goods 112,296 83.81K) INVESTMENT INCOME 2025 2024 Deposit account interest 56,205 40,343 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Activity Community and th¢rap¢utic Community and th¢rap¢utic Accommodation Accotnmodation Grants Traiiiing Grants Rent 5,590,630 8,112 847,792 1396,805 5.989.489 3.095 810.111 1.143,460 7 843,339 7,946,155 Grants received, included in the above, are as follows.. 2025 2024 Bim]ingharn City Council Big Lotto Young Wom¢n's VAWG work¢r Inte8rat¢d Care Board BCC Vuln¢rabl¢ Adults Commissioning S¢rvices Bimiingham Community Safety Partnership Police and Crime Commissioner Solihull MBC Public Health Services Children in Need CCG- IRIS The Springfield Project Smallwood Trust Heart of England NHS Hospital Trust BVSC Nationwide West Midland Combined Authority Southall Black Sisters St Basils Bailey Thomas Research Better Together Natwest Circle Fund Islarnic Relief 1,360,762 96,029 111,879 1,402.791 1.915,143 94,146 104,460 1.431.656 21,500 1.495.021 651,694 9,944 360,000 19,456 175,332 32,000 161.842 9,999 24.962 7.000 230,778 50,000 4,167 500 1,759,353 682,996 336,000 211,667 205,556 24,963 207,759 4,167 500 4,000 30.000 6,438,422 6,799,600 Page 19 continued...
BIRMINGHAM & SOLIHULL WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 OTHER INCOME 2025 2024 Other income 50,691 20,452 Other tncon]e includ¢s Access to Work claims of £13,907 (2024 £15,550) . CHARITABLE ACTIVITIES COSTS Support costs (see note 9) Direct Costs Totals Community and therapeutic Accommodation Fundraising trading 4565,127 1,914,977 197,564 812,315 327,557 5,377,442 2,242,534 197,564 6,677,668 1,139,872 7,817,540 SUPPORT COSTS Governance costs Finanee Info teeh Manage't Total 2025 Total 2024 Community and th¢rapeutic Accommodation 90,517 32,749 188,294 76,908 62,764 25,637 470,740 192.263 812.315 327,557 847,888 279,372 123.266 265.202 88,401 663,003 1,139,872 1,127,260 io. NET INCOMEI(EXPENDITURE) Net income/(expenditure) is stated after chargingl(crediting)'. 2025 2024 Audit Depreciation - owned assets Operating leases Trustees, Teimbursed expenses Defined pension scheme contributions 10.340 79,266 143,110 9,872 98,673 109,911 95 200,579 173,839 Pag¢ 20 continued...
BIRMINGHAM & SOLIHULL WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 3 1ST IIIARCH 2025 ii. TRUSTEES, REMUNERA TION AND BENEFITS Ther¢ w¢re no ttvste¢s' remuneration or other benefits for th¢ y¢ar ended 31st March 2025 nor for the year ended 31 sl March 2024. Trustees, expenses No trustees, expenses were paid in the year to 31 st March 2025.The total amount of travel expenses reimbursed to trust¢¢s during the year to 3 1st March 2024 was £95. in r¢sp¢¢t of one trustee. 12. STAFF COSTS 2025 2024 Wages and salaries Social security costs Other pension costs 4,841,855 441,724 173,838 5,208,380 463,168 200,579 5,457,417 5,872,127 Total redundancy costs for 2025 was £27,864 (2024 £6,902). Terniination payments are comprised of voluntary and compulsory redundancy. Payments are Tecognised in staff COSts once they are quantifiable and upon comTnunication of intention to pay. There was no unpaid redundancy at 31 st March 2025 (2024 £nil). The charity arranges private health insuranc¢ in T¢SP¢Ct of its ¢mployees. The total cost of this insurance for th¢ year was £19.607 (2024 £20,079). The average monthly number of ¢mployees during th¢ year was as follows.. 2025 2024 Senior management Finance and administration Proje¢tlrefuge Shops 15 163 131 146 186 The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was.. 2025 2024 £60,001- £70,000 £70,001- £80.000 £ioo.ooi- £iio,000 £110.001- £120,000 The total employee benefits of the key management personnel of the ¢harity was £425,003 (2024 - £385.005). Page 21 continued...
BIRMINGHAM & SOLIHULL WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 13. COMPARA TIVES FOR THE STATEMEIYT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted nds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 232,401 232,401 Charitable activities Community and tlierapeutic Accommodation 1.335.000 1.894.905 4,657,584 58,666 5.992,584 1.953.571 Other trading activities Investment income Other income 83.800 40.343 20.452 83.800 40.343 20,452 Total 3,606,901 4,716,250 8,323,151 EXPENDITURE ON Charitable activities Community and th¢rapeutic Accommodation Fundraising trading 1,163,576 1,981,218 83.126 4,620,635 142,906 5,784,211 2,124,124 83.126 Total 3,227,920 4.763,541 7,991,461 NET INCOMEI(EXPENDITURE) Tr2nsf¢rs between funds 378,981 47,291) (47.291) 47.291 331,690 Iyet movement in funds 331,690 331,690 RECONCILIATION OF FUNDS Total funds brought fon¥ard 5,442,552 5,442,552 TOTAL FUNDS CARIUED FORWARD 5,774,242 5,774.242 14. PENSION COMMITMENTS The charity operated a defined contribution pension scheme. The assets of the scheme are held separately from the charity in an independ¢ntly administered fund. The pension charge represents contributions payable by the charity to the fund and amounted to £173,839 (2024 £200.579). The contributions are allocated between activities and restricted and unrestri¢t¢d funds on a basis consistent with the use of staff resources. Contributions totalling £27,786 (2024 £27.705) were payable to the fund at the balance sheet date. Page 22 continued...
BIRMINGHAM & SOLIHULL WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 15. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Short leasehold Motor vehicles Totals COST At 1st April 2024 Additions 3,253,758 188,662 23,000 3,465,420 42,726 42,726 At 3 1st March 2025 3,253,758 188,662 23.000 3,508,146 DEPRECIATION At 1st April 2024 Charge for year 491,052 65,075 188,566 96 8,192 4,600 687,810 79,266 9,495 At 3 1st March 2025 556,127 188,662 12,792 767,076 NET BOOK VALUE At 3 1st March 2025 2,697,631 33,231 10,208 2,741,070 At 3 1st March 2024 2,762,706 96 14.808 2,777,610 Individual items of expendittjre under £2.500 are not capitalis¢d. 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other debtors Prepayments and accrued income 1,208,794 523 205,660 1,053,020 40 828,801 1414,977 1.881,861 17. CURREIYT ASSET llYVESTMEIYTS 2025 2024 Guaranteed investment deposits 3,155,027 1,964.385 Page 23 continued...
BIRMIIYGHAM & SOLIHULL WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Bank loans and overdrafts (see note 20) Trade creditors Social security and other taxes Other creditors Accrued expenses Deferred grants 30,583 348,242 89,967 31,345 96,444 267 046 32,761 290.467 121.362 47.477 66.547 113.533 863,627 672,147 The movements in deferred grants is are analysed as follows: 2024 2024 Deferred grants at l April Amounts released from previous years Incoming resources deferred in the year 113,533 (113,533) 267,046 406,033 (381.070) 88,570 Defened grants at 31 March 267,046 113.533 Deferred grants consists of project grants received in advance. 19. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 Bank loans (see note 20) 990 746 1,029,903 20. LOANS An analysis of the maturity of loans is given below: 2025 2024 Amounts falling due within one year on dernand: Bank loans 30,583 32,761 Amounts falling b¢twe¢n one and two years.. Bank loans - 1-2 years 52.250 50,377 Amounts falling due between two and five years.. Bank loans - 2-5 years 167,979 162.364 Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal Page 24 continued...
BIRMINGHAM & SOLIHULL WOMEN'S AID NOTES TO THE FINANCIAL STATEMEIYTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 21. LEASINC AGREEMENTS Minimum lease payments under non-cancellable operating lease5 fall due as follows- 2025 2024 Within one y¢ar Between one and five years 139,443 60,702 122,046 142,255 200,145 264.301 22. SECURED DEBTS The following secured debts ar¢ included within creditors.. 2025 2024 Bank loans 1,021,329 1,062,664 A mortgage of £262.500 was obtained in the year to 31 st March 2017 to a5SiSt in the purchase of a new refuge, The mortgag¢ is r¢payable by monthly instalments over 20 years and is charged interest at a rate of 2.6875 % per annum Above th¢ bank bas¢ rate. On 29th October 2021 a further mortgage was taken out to fund the purchase of a further two r¢fug¢s. This loan is repayable by monthly instalrnents over 10 years and carries an interest rate of 0.68750/0 p¢r annum above the bank base rate. The mortgages are secured by fixed and floatin8 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 £2.687.663 (2024 £2,752,512). 23. MOVEMENT IN FUNDS Net mov¢ment in funds Transfers between fund5 At 31.3.25 At 1.4.24 Unrestricted funds General fund Staff redundancy reserve Capital expenditure reserve Capital repairs reserve Maternity leave reserve Cost of living reserve 3,820,499 400,000 832,446 467,330 53,967 200,000 696,474 (220,447) (200,000) 4.29Q526 200,000 832.446 467,330 53,967 400.000 200,000 5,774,242 696,474 (220.447) 6,250,269 Restricted funds General restricted reserve (220,447) 220,447 TOTAL FUNDS 5,774,242 476,027 6 250,269 Page 25 continued...
BIRMINGHAM & SOLIHULL WOMEN'S AID NOTES TO THE FINANCIAL STATEMEIYTS- continued FOR THE YEAR ENDED 31ST MARCH 2025 23. MOVEMENT IN FUNDS - continued Nel movement in fi]nds. included in the above are as follows: Incoming resources Resources expended Movement in fijnds Unrestricted funds General fund 3.940,931 (3,244,457) 696,474 Restricted funds General restricted reserve 4,352,636 (4,573,083) (220,447) TOTAL FUNDS 8,293,567 (7,817,540) 476,027 Comparatives for movement in funds Net movement in funds Transfers between funds At 31.3.24 At 1.4.23 Unrestricted funds General fund Staff redundancy reserve Capital expenditure reserve Capital repairs reserve Maternity leave reserve Cost of living reserve 3,488,809 200,000 832,446 467,330 53,967 400,000 378,981 (47,291) 200,000 3,820,499 400,000 832,446 467,330 53,967 200,000 200,000) 5,442,552 378,981 (47,291) 5,774,242 Restricted funds General restricted reserve (47,291) 47,291 TOTAL FUINDS 5,442,552 331,690 5,774,242 Comparative net movement in fiind5. included in the above are as follows.. Incoming resources Resources expended Movement in ndS Unrestricted funds General fund 3,606,901 (3,227.920) 378.981 Restricted funds General restricted reserve 4.716.250 (4.763.541) (47,291) TOTAL FUNDS 8,323,151 7.991.461) 331.690 Page 26 continued...
BIRMINGHAM & SOLIHULL WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 23. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows: Net movement in ndS Transfers between funds At 31.3.25 At 1.4.23 Unrestricted funds General fund Staff redundancy reserve Capital expendimre reserve Capital repairs reserve Maternity leave reserve Cost of living reserve 3,488,809 200,000 832,446 467,330 53,967 400,000 1,075,455 (267,738) 4,296,526 200,000 832,446 467.330 53.967 400,000 5.442.552 1.075,455 (267,738) 6.250,269 R¢stricted funds General r¢stricted reserve (267.738) 267,738 TOTAL FUNDS 5.442,552 807,717 6.250.269 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 7,547,832 (6,472,377) 1.075.455 Restricted funds General restricted reserve 9,068,886 (9,336,624) (267.738) TOTAL FUNDS 16,616.718 15.809,001) 807,717 Transfers between funds Within restricted nds. The Repairs Reserve represents an allocation of general ndS to allow for the refiirbishing of properties. Maternity Leave Reserve represents an allocation of general llds to ¢ov¢r 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 repTesents an allocation of general funds to allow for th¢ purchase of additional property as needed by tbe charity. The Cost of Living Reserve represents an allocation of general funds to allow for assistanc¢ during periods where living costs increase significantly. Page 27 Continued...
BIRMINGHAM & SOLIHULL WOMEN'S AID IYOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 23. MOVEMENT IN FUNDS - continued Transfers between funds - continued Restricted funds income relates to the operation of the charity's regeS and the provision of support and advice to the end users. All of the restricted funds income are exp¢nded within the year. Any fijnds in the year that relat¢ to the forthcoming year are carried fonvard as deferred incom¢ with a corresponding cash balance or debtor shown in th¢ accounts. General unrestricted funds are used to cov¢r the fvnding shortfalls by way of a transfer between funds. Th¢ balance transferr¢d to unrestricted funds in the Statement of Financial Activities represent the balance of restricted fund contributions to general costs as agreed with the ndIng bodi¢s. 24. RELATED PARTY DISCLOSURES There wer¢ no T¢lat¢d party transactions for the year ended 3 1st March 2025. Pag¢ 28