REGISTERED COMPANY NUMBER: 3294852 (England and Wales) REGISTERED CHARITY NUMBER: 1081032
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
WHAG (A COMPANY LIMITED BY GUARANTEE)
Wyatt Morris Golland Ltd Statutory Auditors Park House 200 Drake Street Rochdale Lancashire OL16 1PJ
WHAG
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 7 |
| Report of the Independent Auditors | 8 | to | 10 |
| Statement of Financial Activities | 11 | ||
| Balance Sheet | 12 | to | 13 |
| Cash Flow Statement | 14 | ||
| Notes to the Cash Flow Statement | 15 | ||
| Notes to the Financial Statements | 16 | to | 27 |
WHAG
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES Ms S Nugent (resigned 31.8.24) Ms H Waddington (resigned 31.8.24) Ms L V Bell (resigned 3.9.24) Ms S Amidar A K Rhodes-Dawson (resigned 14.10.24) J C Michaels (resigned 23.5.23) L A Drabble L Dabula C Aspin (resigned 2.10.24) L Merlo (appointed 23.5.23) N Large (appointed 23.5.23) (resigned 7.7.24) J Kovacs (appointed 23.5.23) COMPANY SECRETARY A K Rhodes-Dawson REGISTERED OFFICE 185 Drake Street ROCHDALE Lancashire OL11 1EF REGISTERED COMPANY NUMBER 3294852 (England and Wales) REGISTERED CHARITY NUMBER 1081032 AUDITORS Wyatt Morris Golland Ltd Statutory Auditors Park House 200 Drake Street Rochdale Lancashire OL16 1PJ BANKERS Unity Trust Bank Plc Four Brindleyplace Birmingham B1 2JB CHIEF EXECUTIVE OFFICER A K Rhodes-Dawson
Page 1
WHAG (REGISTERED NUMBER: 3294852)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
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 31 March 2024. 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
Objects of the charity, principle activities and organisation of our work
WHAG is constituted as a private company Limited by Guarantee, and is, therefore, governed by a Memorandum and Articles of Association. The charity's purpose as set out in the objectives in the Memorandum of Association are to:
Provide high quality temporary accommodation support and information to women, their children, and men and women experiencing or fleeing domestic abuse who are vulnerable or in housing need.
The Trustees meet every quarter plus any additional training as required. The Senior Leadership Team is made up of the Chief Executive Officer (CEO), Head of Operations (HOO) and Head of Resources (HOR). Operations Managers (OM) oversee the day to day operations which are managed by individual Service Teal Leads. Project staff are employed to support clients with a further team providing administration and financial support to the whole organisation.
Public benefit
How our activities deliver public benefit
The trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the Charity's aims and objectives, planning future activities and setting policies for the year as can be seen below.
The charity's purpose as set out in the objectives in the company's Memorandum of Association are to:
Provide high quality temporary accommodation support and information to women, their children and men and women experiencing or fleeing domestic abuse who are vulnerable or in housing need.
Enable clients to take responsibility for planning, problem solving and decision making which will eventually lead them to live independently and make a positive contribution to the community appropriate to their individual needs and preferences.
Encourage clients to take responsibility for their own learning and development in line with their potential and opportunities.
Some of our funding restricts us to give priority to local people and we currently work with over 170 women over 5 services on a weekly basis.
Equal opportunity is important to us, and we are proud to have bilingual staff able to give support to clients whose first language is not English.
Group work and service user participation is an important focus of our work, helping to give clients confidence, social and life skills to enable them to maintain their own tenancies and to integrate fully in their communities.
The impact of our work feeds into the domestic abuse and homelessness strategies in the boroughs in which WHAG works helping to reduce domestic abuse and homelessness as our clients are empowered to maintain their own tenancies with less and less support. As our clients take more responsibility for their own lives, there is less impact on emergency and statutory provisions, as individuals and families they are able to manage their own affairs and are less likely to enter the cycle of homelessness or abusive relationships again.
WHAG actively support training of social work students by accepting them on placement and have partnerships with three universities.
By providing high quality support and advocacy within key areas such as personal safety, budgeting, training, employment, social skills and community participation our clients move towards participation in their communities, maintaining tenancies and building in confidence in day-to-day independent living.
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WHAG (REGISTERED NUMBER: 3294852)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
Social investments
WHAG continues to explore how it can make social investment contribute to its aims and objectives. WHAG works towards adding social value and reducing carbon footprint throughout its services by reducing waste and energy consumptions. WHAG is partnered with fare share and receives weekly food donations from Aldi and Greggs reducing food waste across the areas that we work.
In August 2023 WHAG restarted it's UP services to support WHAG's prevention work and training delivery of Healthy relationships, and supporting clients and the wider community to understand the effects of domestic abuse and homelessness has on individuals and families. Organisationally we visit schools and colleges and input into the community to raise awareness and promote healthy relationships and reduce homelessness. We continue to look at how we can expand WHAG's owned self-contained accommodation to give those we work with more choice and quicker access to safer housing options; as well as increasing next step housing options in this current social housing crisis.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The organisation has also expanded its own property portfolio following investment from our partner SASH, Social and Sustainable Capital. WHAG aspires for growth so we can provide suitable safe, supported accommodation in the right locations for those that need it. Growing our own property portfolio has been exciting and is making a substantial difference to the commissioned services we provide, which is plain to see when individuals and families move into these properties
Most of WHAG's income continues to come from the commissioned services contracts that it holds with local authorities within the boroughs of Rochdale, Wigan and Cheshire West and Chester. We have also this year had grants from Changing Futures of £40,370, Rochdale Borough Council for ABEN for £45,000, and Burdens fund for £140,000 to expand our service provision and provide additional safe accommodation.
We also continue to look at how we can build fundraising and sponsorship opportunities.
One of our key focuses has been quality and consistency across our projects. Quality standards and measures are in place to ensure people receive high quality accommodation and support whenever they access our services.
We continue to provide Support services commissioned by local authorities in Rochdale and Cheshire West and Chester and these services include vulnerable homeless women, Domestic Abuse support, young parents and complex case work, all of which involve accommodation provision. In October 2023 our commissioned support contracts extended into Wigan to provide safe refuge accommodation. WHAG's income is mainly utilised to support staffing costs inclusive of salaries to training, property rental and maintaining properties, and to meet Housing standards ensuring good quality of accommodation is accessible by all clients.
In February 2023, the government announced tougher measures for perpetrators of domestic abuse to include controlling and coercive behaviour and this will now be considered in line with the statutory definition of domestic abuse. Perpetrators will now be added to the violent and sex offender register if they are sentenced to a year or more. Tighter controls to protect people from control and coercion are appreciated, as the impact can be huge. Everyone has the right to feel both physically and psychologically safe and we aim to raise awareness of these changes to our client group and the wider community. With several local authorities increasing their safe accommodation provision through the financial year 2023-2024 to meet the accommodation requirements of the review completed by Safe lives.
This year WHAG has provided support to 273 clients with 211 linked children. We have completed 3 social work placements and 2 apprenticeships, as well as 2 apprentice placements ongoing. WHAG continue to provide services on limited budgets and income. We ensure all spending is prudent and best value for money whilst meeting the needs of all the service areas.
Fundraising activities
WHAG received several donations from local partner agencies and local unions in the boroughs we work in. Over the last few years we have been involved in bucket collections at local football clubs, the Bury 10k run, Marks and Spencer donations, as well as receiving several donations of furniture and toiletries for clients. WHAG will continue to increase the networking and fundraising stance throughout the local communities and social media to raise awareness around our services and increase our fundraising efforts.
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WHAG (REGISTERED NUMBER: 3294852)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
Transactions and financial position
During the year there was an excess of expenditure over income which has been absorbed from unrestricted reserves brought forward, in accordance with the charity's reserves policy.
The financial position of the charity as at 31st March 2024 was:
£ Unrestricted funds - General 1,278,814 Unrestricted funds - Designated 303,652 Restricted funds 38,387 ---------------Total funds 1,620,853
Investment policy and objectives
WHAG recognise that as a charity, monies should be spent to further charitable aims. We believe that there is scope for some investment that will support us to increase and improve service and provide income to the organisation. At the year-end we have some funds in a high interest bank account.
WHAG has also purchased 5 more properties over the year totalling 18. These properties are let to provide accommodation to our client group. WHAG also own one property that is currently rented on a commercial rent that will be used as part of our support offer when it next becomes vacant. WHAG also own a property which serves as a head office and training centre, and is an investment for WHAG's future, it also provides an income to the organisation through rental.
Reserves policy
The present level of funding is adequate to support the work of the charity for the medium term and the Trustees consider the financial position of the charity to be satisfactory. The Trustees acknowledge their responsibility as an employer to provide a stable financial footing for the organisation to operate and develop from, and to be prudent in its financial management.
It is with this in mind that the organisation tries to maintain general reserves of £600,000, should any of our contract funding cease unexpectedly.
In addition we have designated funds for Property Maintenance Contingency of £20,000, IT of £15,000, Head Office Running Costs (includes underfunded posts) of £200,000, and a Building fund of £68,652.
When designated funds of £303,652 are excluded, the free reserves of the charity are negative £1,141,110.
The negative free reserves are due to the social investment properties bought by the charity, which are offset with a loan, the loan is not included in the free reserves calculation. If the net book value of the investment properties secured by the loan, of £2,002,878 is excluded from the free reserves calculation the adjusted free reserves would be £861,768. This is not a financial going concern issue to WHAG as the properties purchased have been funded via a loan through a social investment philanthropic company. All the properties are in effect "owned" by the social investment company through the loan funding, and if sold would pay off the loan, leaving WHAG with sufficient free reserves.
Whilst there are always concerns over viability in uncertain times, the Trustees retain their confidence in the Charity's present financial position.
Going concern
There are no current material uncertainties of the charity continuing as a going concern. The charity's reserves remain at a healthy level and the trustees are confident in the charity's future achievements.
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WHAG (REGISTERED NUMBER: 3294852)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
FUTURE PLANS
In the coming year WHAG will continue to look for more service contracts and grant opportunities to extend its services.
The organisation will also restructure this year to ensure that is continues to provide excellent support services and has the correct staffing in place to plan for the future.
How the organisation communicates internally will be reviewed and standards for the organisation and leadership team reviewed and updated
Annual salaries will be reviewed after completion of an external benchmarking exercise to review remuneration and benefits.
WHAG will also continue to increase the number of properties they have in their property portfolio to enable commissioned contracts with accommodation attached to meet the requirements set by local authorities.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, its Memorandum & Articles of Association, and constitutes a private limited company, limited by guarantee, and registered in England & Wales. The charity is a non-profit making body, which was established to provide good quality temporary accommodation and/or outreach and support to women and men, and their children threatened or fleeing domestic abuse, and women who are experiencing or facing homelessness.
There were 11 members at the year end and their guarantee to the company is £1.
Organisational structure
The organisational structure of WHAG is as follows:
WHAG board of Trustees with separate Sub Groups
CEO - to provide leadership and strategic management as directed by the Board of Trustees; to ensure that the organisation delivers its services in line with WHAG's core vision and values; Health and safety and human resources lead
Business manager - responsible for business growth, tenders, grants, IT, marketing, social media and fundraising; GDPR lead
Finance manager - responsible for overseeing WHAG finance ; Company secretary; manages the finance team.
HR manager - responsibility for human resources
Operations manager - responsible for providing leadership to the operational team and ensuring the delivery of high quality services to all of our clients. Safeguarding lead; Organisational Deputy
Service managers for each area - Rochdale; Chester/Cheshire; Halton who oversee the Volunteer Co-ordinator, administrative team and the team leaders over each service team.
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WHAG (REGISTERED NUMBER: 3294852)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Directors and trustees
All trustees are directors of the company and sit as a Board of Trustees, these are named on page 1, and served as directors throughout the year, from the date of appointment or to the date of resignation as noted on page 1. The directors are appointed in accordance with the Memorandum and Articles of Association. The directors have authority to appoint trustees, but the number of trustees shall not exceed fifteen. The trustees are trained and guided by the other trustees and appropriate courses.
A K Rhodes-Dawson, the CEO is also a trustee due to her experience and the need for more accountability as the charity progresses, additional details are in Note 10 to the accounts. She does not get paid for her duties as a trustee. A K Rhodes-Dawson resigned as a Trustee on 14th October 2024. All trustees give their time voluntarily and receive no benefits from the charity and declare any conflicts of interest at the start of each board meeting.
We aim for diverse experience amongst our board members and have introduced the use of regular board effectiveness reviews to test our skills and knowledge and develop our gaps. New board members have been recruited on this basis and we continue to seek new members through advertisement and networking. All Trustees undertake training through national governance courses and through regular in-house training. New and prospective Trustees attend one or two board meetings prior to election to the board and this is followed by induction and mentoring, normally led by the chair of the Trustees.
The senior lead team (SLT) are guided by the board, and the strategy and business plan is agreed every 2-3 years and reported on quarterly. The SLT report on organisational risk, and present financial information quarterly. There is an ARCI model in place that explains accountabilities. The SLT are clear of their responsibilities.
Benchmarking takes place on a 5 yearly basis to look at pay and remuneration, local authority pay scales are currently followed broadly and all staff are on a pay scale and all staff receive the real living wage.
Related parties
The charity requires all trustees and employees to declare related party and other interests as they arise.
Other than as shown in the notes to the accounts, no other material related party transactions and interests were identified during the year.
Risk management
WHAG has a risk register which the Trustees review a minimum of quarterly to ensure that the board is taking all the necessary steps to maintain stability for the charity and its projects. Trustees will review this and discuss any changes or additional concerns with the WHAG senior leadership at their board meetings, and ensure all mitigation is being followed to monitor and reduce risks the organisation faces. The board will also keep up to date with key legislation and law changes to ensure that they have correct information to ensure all risks are managed correctly.
The Board undertakes a quarterly review of business plan progress paying particular interest to any milestones off track or that require further assurance. Golden rules are in place which clearly identify the business critical areas that the charity depends on for stability.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of WHAG for the purposes of company law) are responsible for preparing the Report of the Trustees 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
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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.
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WHAG (REGISTERED NUMBER: 3294852)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, Wyatt Morris Golland Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
..............................................................................
L Dabula - Trustee
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WHAG
Opinion
We have audited the financial statements of WHAG (the 'charitable company') for the year ended 31 March 2024 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).
In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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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 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.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
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the charitable company has not kept adequate accounting records; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information 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 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 8
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WHAG
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
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.
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
-the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
-we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of charities;
-we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including the Charities Act 2011and Companies Act 2006 and
-we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence where necessary,
-identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
-making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud and
-considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
-performed analytical procedures to identify any unusual or unexpected relationships;
-tested journal entries to identify unusual transactions;
-assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
-investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
-agreeing financial statement disclosures to underlying supporting documentation;
-enquiring of management as to actual and potential litigation and claims; and
-reviewing correspondence with HMRC.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
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.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WHAG
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees 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 trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Wyatt Morris Golland Ltd Statutory Auditors Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Park House 200 Drake Street Rochdale Lancashire OL16 1PJ Date: .............................................
Page 10
WHAG
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3 Charitable activities 5 Charitable Activities Investment income 4 Other income Total EXPENDITURE ON Raising funds Charitable activities 6 Charitable Activities Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2024 Unrestricted Restricted Total funds funds funds £ £ £ 259,613 5,000 264,613 2,122,687 - 2,122,687 3,851 - 3,851 14,535 - 14,535 2,400,686 5,000 2,405,686 - - - 2,370,193 38,750 2,408,943 2,370,193 38,750 2,408,943 30,493 (33,750) (3,257) 1,551,973 72,137 1,624,110 1,582,466 38,387 1,620,853 |
2023 Total funds £ 319,069 2,000,509 11,992 10,196 |
|---|---|---|
| 2,341,766 | ||
| - 2,279,559 |
||
| 2,279,559 | ||
| 62,207 1,561,903 |
||
| 1,624,110 |
The notes form part of these financial statements
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WHAG (REGISTERED NUMBER: 3294852)
BALANCE SHEET 31 MARCH 2024
| Notes FIXED ASSETS Tangible assets 12 Social investments 13 CURRENT ASSETS Debtors 14 Cash at bank and in hand CREDITORS Amounts falling due within one year 15 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 16 NET ASSETS FUNDS 19 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted funds £ 361,670 2,058,254 2,419,924 179,986 1,337,393 1,517,379 (204,837) 1,312,542 3,732,466 (2,150,000 ) 1,582,466 |
Restricted funds £ - - - - 38,387 38,387 - 38,387 38,387 - 38,387 |
2024 Total funds £ 361,670 2,058,254 2,419,924 179,986 1,375,780 1,555,766 (204,837) 1,350,929 3,770,853 (2,150,000 ) 1,620,853 1,582,466 38,387 1,620,853 |
2023 Total funds £ 357,243 1,413,740 1,770,983 77,814 1,626,601 1,704,415 (201,288) 1,503,127 3,274,110 (1,650,000 ) 1,624,110 1,551,973 72,137 1,624,110 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.
The notes form part of these financial statements
continued...
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WHAG (REGISTERED NUMBER: 3294852)
BALANCE SHEET - continued 31 MARCH 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. L Dabula - Trustee
The notes form part of these financial statements
Page 13
WHAG
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024
| Notes Cash flows from operating activities Cash generated from operations 1 Finance costs paid Net cash (used in)/provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Purchase of mixed motive investments Interest received Net cash used in investing activities Cash flows from financing activities New loans in year Net cash provided by financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2024 £ 6,206 (53,645) (47,439) (17,664) (686,519) 801 (703,382) 500,000 500,000 (250,821) 1,626,601 1,375,780 |
2023 £ 66,662 (6,365) 60,297 - (1,411,490 ) 384 (1,411,106 ) 1,450,000 1,450,000 99,191 1,527,410 1,626,601 |
|---|---|---|
The notes form part of these financial statements
Page 14
WHAG
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Finance costs (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash provided by operations ANALYSIS OF CHANGES IN NET DEBT At 1.4.23 £ Net cash Cash at bank and in hand 1,626,601 1,626,601 Debt Debts falling due after 1 year (1,650,000 ) (1,650,000 ) Total (23,399) |
2024 £ (3,257) 55,242 (801) 53,645 (102,172) 3,549 6,206 Cash flow £ (250,821) (250,821) (500,000) (500,000) (750,821) |
2023 £ 62,207 38,620 (384) 6,365 46,773 (86,919) 66,662 At 31.3.24 £ 1,375,780 1,375,780 (2,150,000 ) (2,150,000 ) (774,220) |
|---|---|---|
2. ANALYSIS OF CHANGES IN NET DEBT
The notes form part of these financial statements
Page 15
WHAG
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. 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.
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Income
All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income, it is probable that the income will be received and the amount can be measured reliably. The following specific policies are applied to particular categories of income:
Voluntary income is received by way grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. When donors impose conditions the income is deferred and not included in incoming resources until the preconditions for use have been met.
Income from government and other LA grants, whether ‘capital’ grants or ‘revenue’ grants, are recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Incoming resources from charitable activities include rent and housing benefits receivable and support charges receivable and are recorded in the Statement of Financial Activities in the year in which they are receivable.
Investment income is included when receivable.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these financial statements.
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. The irrecoverable element of VAT is included with the item of expense to which it relates.
" Costs of raising funds" include costs associated with generating incoming resources from all sources other than from undertaking charitable activities. This currently includes property costs associated with the social investment properties owned by WHAG.
" Resources expended on charitable activities" include all the resources applied by the charity in its undertaking to meet the charitable objectives of providing good quality temporary accommodation and quality support services to vulnerable women aged 16 plus and their children and male victims of domestic violence, who are homeless and/or threatened with homelessness or experiencing domestic violence.
" Support costs" include those costs incurred in the governance of the charity's assets and are associated with constitutional requirements.
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 |
|---|---|
| Improvements to leasehold property | - Straight line over 5 years |
| Fixtures and fittings | - 20% on reducing balance |
| Computer equipment | - 20% on cost |
The leasehold property improvements are written off over the period of the lease which is 5 years.
Where assets are purchased for use by a beneficiary they are written off in the year of purchase.
Page 16
continued...
WHAG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES - continued
Tangible fixed assets
If an asset is valued at less than £1000, it is not capitalised but written off in the year of purchase.
At each balance sheet date, the Charity reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the assets, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
If the recoverable amount of an asset is estimated to be less that its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.
Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount and would have been determined (net of depreciation) had no impairment loss be recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.
Social investments
The properties held under investments are used as social housing and as such is treated as a social investment. These social investment properties provide investment funding in order to directly further the charitable purposes of the charity in the long term. As the properties are held primarily for the provision of social benefit they are accounted for under the FRS 102 and are treated similar to plant and equipment, depreciation is provided over it's expected useful life. The current rate is 2% pa on a reducing balance.
Where an impairment subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount and would have been determined had no impairment loss be recognised for the asset in prior years. A reversal of impairment loss is recognised as income immediately.
The notes to the accounts and the face of the SOFA show the income and costs separately for the social housing properties for disclosure.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds are funds set aside at the discretion of the directors out of unrestricted general funds and intended for specific future purposes or projects.
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.
Operating leasing commitments
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged as an expense as incurred.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable conmpany's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Financial instruments
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
continued...
Page 17
WHAG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES - continued
Financial instruments
Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Financial Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. The bank loan is disclosed as being due after more than one year and secured by a fixed charge over the social investment properties bought with the loan, and a fixed charge over the Rent bank account used to drawdown the loan.
2. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the process of applying the entity's accounting policies management have not made any judgements that would have a significant effect on the amounts recognised in the financial statements. No estimations have been made that would have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
3. DONATIONS AND LEGACIES
| Donations Grants Grants received, included in the above, are as follows: CWaC Medium Risk Pilot Complex Needs PANNE Cheshire Other small grants Eaton Fund DWP Grant CWAC Therapy Grant Action Together Grant CWAC Household Support GMCA Target Hardening Burdens Funding Westminster Grant |
2024 £ 10,879 253,734 264,613 2024 £ 9,415 63,000 - 5,000 6,169 30,150 - - - 140,000 - 253,734 |
2023 £ 12,056 307,013 |
|---|---|---|
| 319,069 | ||
| 2023 £ - 63,000 2,113 5,000 - 36,150 2,500 70,000 8,250 110,000 10,000 |
||
| 307,013 |
continued...
Page 18
WHAG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
4. INVESTMENT INCOME
| 4. | INVESTMENT INCOME | ||||
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| £ | £ | ||||
| Rents received | 3,050 | 11,608 | |||
| Deposit account interest | 801 | 384 | |||
| 3,851 | 11,992 | ||||
| 5. | INCOME FROM CHARITABLE ACTIVITIES | ||||
| 2024 | 2023 | ||||
| Activity | £ | £ | |||
| Rent and housing benefit | |||||
| receivable | Charitable Activities | 1,335,101 | 1,076,176 | ||
| Support charges | Charitable Activities | 787,586 | 924,333 | ||
| 2,122,687 | 2,000,509 | ||||
| 6. | CHARITABLE ACTIVITIES COSTS | ||||
| Support | |||||
| Direct | costs (see | ||||
| Costs | note 7) | Totals | |||
| £ | £ | £ | |||
| Charitable Activities | 2,316,326 | 92,617 | 2,408,943 | ||
| 7. | SUPPORT COSTS | ||||
| Governance | |||||
| Finance | costs | Totals | |||
| £ | £ | £ | |||
| Charitable Activities | 55,886 | 36,731 | 92,617 | ||
| 8. | NET INCOME/(EXPENDITURE) | ||||
| Net income/(expenditure) is stated after charging/(crediting): | |||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Depreciation - owned assets | 13,237 | 9,768 | |||
| Auditors remuneration | 9,372 | 8,520 | |||
| Auditors remuneration - Accountancy | 4,818 | 4,380 | |||
| Provision against social investment | 42,005 | 28,865 |
9. TRUSTEES' REMUNERATION AND BENEFITS
One trustee received remuneration in the year for services other than as a trustee. The remuneration including pension amounted to £65,185 (2023 - £56,871). In addition there was a salary scheme loan, with a balance of £721 brought forward which was paid in the year. A further staff loan was made in the year of £4,376, £2,188 was repaid in the year with the balance outstanding at the year end of £2,122 repayable by 31 March 2025.
No other trustee received remuneration or benefits (2023 - £Nil).
continued...
Page 19
WHAG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
9. TRUSTEES' REMUNERATION AND BENEFITS - continued
Trustees' expenses
No trustees expenses were paid in the year (2023 - £Nil).
10. STAFF COSTS
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 1,181,847 | 1,204,131 |
| Social Security Costs | 94,050 | 97,583 |
| Pension Costs | 25,197 | 22,207 |
| Agency staff costs | 79,349 | 60,322 |
| 1,380,443 | 1,384,243 | |
The average monthly number of employees during the year was as follows:
| Admin and management Support |
2024 14 40 54 |
2023 15 41 |
|---|---|---|
| 56 |
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
| 2024 | 2023 | |||
|---|---|---|---|---|
| £60,001 | - £70,000 | 1 | - |
The average weekly number of employees during the year is calculated on the basis of full time equivalents.
The combined salaries of the CEO, Administration and Finance Manager, and the Operations Manager were £185,396 for the year (2023 - £144,300).
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitable Activities Investment income Other income Total EXPENDITURE ON Charitable activities Charitable Activities NET INCOME/(EXPENDITURE) Transfers between funds Net movement in funds |
Unrestricted funds £ 305,819 2,000,509 11,992 10,196 2,328,516 2,253,146 75,370 (166) 75,204 |
Restricted funds £ 13,250 - - - 13,250 26,413 (13,163) 166 (12,997) |
Total funds £ 319,069 2,000,509 11,992 10,196 |
|---|---|---|---|
| 2,341,766 | |||
| 2,279,559 | |||
| 62,207 - |
|||
| 62,207 |
continued...
Page 20
WHAG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
| 11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 1,476,769 | 85,134 | 1,561,903 | |
| TOTAL FUNDS CARRIED FORWARD | 1,551,973 | 72,137 | 1,624,110 | |
| 12. | TANGIBLE FIXED ASSETS | |||
| Improvements | Improvements | |||
| to | to | |||
| Freehold | freehold | leasehold | ||
| property | property | property | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 April 2023 | 157,000 | 236,732 | 59,000 | |
| Additions | - | - | - | |
| At 31 March 2024 | 157,000 | 236,732 | 59,000 | |
| DEPRECIATION | ||||
| At 1 April 2023 | 15,700 | 23,612 | 59,000 | |
| Charge for year | 3,140 | 4,735 | - | |
| At 31 March 2024 | 18,840 | 28,347 | 59,000 | |
| NET BOOK VALUE | ||||
| At 31 March 2024 | 138,160 | 208,385 | - | |
| At 31 March 2023 | 141,300 | 213,120 | - | |
| Fixtures | ||||
| and | Computer | |||
| fittings | equipment | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 April 2023 | 17,357 | 34,136 | 504,225 | |
| Additions | - | 17,664 | 17,664 | |
| At 31 March 2024 | 17,357 | 51,800 | 521,889 | |
| DEPRECIATION | ||||
| At 1 April 2023 | 16,114 | 32,556 | 146,982 | |
| Charge for year | 249 | 5,113 | 13,237 | |
| At 31 March 2024 | 16,363 | 37,669 | 160,219 | |
| NET BOOK VALUE | ||||
| At 31 March 2024 | 994 | 14,131 | 361,670 | |
| At 31 March 2023 | 1,243 | 1,580 | 357,243 |
continued...
Page 21
WHAG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
13. SOCIAL INVESTMENTS
| Freehold Social Investment Property |
Freehold Social Investment Property |
Freehold Social Investment Property |
Leasehold Social Investment Property |
Improvements to Social Investment Property |
Improvements to Social Investment Property |
Improvements to Social Investment Property |
TOTAL | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | ||||||||
| Cost at 1st April 2023 | 423,333 | 1,023,267 | 0 | 1,446,600 | |||||||
| Additions | 0 | 660,492 | 26,028 | 686,520 | |||||||
| Cost at 31st March 2024 | 423,333 | 1,683,759 | 26,028 | 2,133,120 | |||||||
| Depreciation at 1st April 2023 | 8,466 | 24,393 | 0 | 32,859 | |||||||
| Charge for the year | 8,297 | 33,187 | 521 | 42,005 | |||||||
| Depreciation at 31st March 2024 | 16,763 | 57,580 | 521 | 74,864 | |||||||
| Net Book Value at 31st March 2024 | 406,570 | 1,626,179 | 25,507 | 2,058,256 | |||||||
| Net Book Value at 31st March 2023 | 414,867 | 998,874 | 0 | 1,413,741 | |||||||
See accounting policy notes detailing the FRS 102 and SORP requirements.
The investment property is being depreciated in line with the SORP requirements in respect of social housing.
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Other debtors Prepayments and accrued income CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other creditors Pension creditor Accruals Deferred income Deferred income relates to amounts received for future periods. |
2024 £ 81,127 6,001 92,858 179,986 2024 £ 48,096 20,175 25,000 3,952 100,959 6,655 204,837 |
2023 £ 22,427 4,989 50,398 77,814 2023 £ 70,643 16,105 25,000 3,441 66,099 20,000 201,288 |
||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Deferred income at 1 April 2023 | 20,000 | 15,606 | ||
| Amount released in the year | (20,000) | (15,606) | ||
| Amount deferred in the year | 6,655 | 20,000 | ||
| Deferred income at 31 March 2024 | 6,655 | 20,000 | ||
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
continued...
Page 22
WHAG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other loans (see note | 17) | 2,150,000 | 1,650,000 |
17. LOANS
Other loans are secured by a fixed charge on the social investment properties purchased and the Rent bank account.
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Loans due after 5 years | 2,150,000 | 1,650,000 |
The loan is repayable in full by September 2033. Interest is paid quarterly based on the net of income, repairs, insurance and management costs of the social investment properties purchased (2024 £53,645).
18. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Within one year Between one and five years |
2024 £ 48,604 529,245 577,849 |
2023 £ 21,308 647,409 |
|---|---|---|
| 668,717 |
Some of the leasing agreements are on a rolling term and either the lessee or the lessor can cancel the rental agreement giving a months notice, therefore the commitment at the year end is a monthly rent payment.
19. MOVEMENT IN FUNDS
| Unrestricted funds General fund IT Replacement fund Property maintenance fund Building fund Head office running costs Restricted funds White ribbon GMP Rochdale Strive funding Knitting Nans - Children Festival Church - Beautiful Project Womens Aid - Trauma CCF Grant Windfall grant MHCLG Sports England Fund Womens Activities GMCA Target Hardening Eaton Fund TOTAL FUNDS |
At 1.4.23 £ 1,241,663 15,000 10,000 65,310 220,000 1,551,973 355 3,505 386 250 275 399 35,425 8,913 650 12,007 8,250 1,722 72,137 1,624,110 |
Net movement in funds £ 27,151 - - 3,342 - 30,493 (355) (2,505) - - (275) (399) (24,413) (8,431) (650) - - 3,278 (33,750) (3,257) |
Transfers between funds £ 10,000 - 10,000 - (20,000) - - - - - - - - - - - - - - - |
At 31.3.24 £ 1,278,814 15,000 20,000 68,652 200,000 |
|---|---|---|---|---|
| 1,582,466 - 1,000 386 250 - - 11,012 482 - 12,007 8,250 5,000 |
||||
| 38,387 | ||||
| 1,620,853 |
continued...
Page 23
WHAG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
19. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Building fund Restricted funds White ribbon GMP Rochdale Strive funding Womens Aid - Trauma CCF Grant Windfall grant MHCLG Sports England Fund Eaton Fund TOTAL FUNDS |
Incoming resources £ 2,395,786 4,900 2,400,686 - - - - - - - 5,000 5,000 2,405,686 |
Resources expended £ (2,368,635 ) (1,558) (2,370,193 ) (355) (2,505) (275) (399) (24,413) (8,431) (650) (1,722) (38,750) (2,408,943 ) |
Movement in funds £ 27,151 3,342 30,493 (355) (2,505) (275) (399) (24,413) (8,431) (650) 3,278 (33,750) (3,257) |
|---|---|---|---|
continued...
Page 24
WHAG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
19. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.22 £ Unrestricted funds General fund 1,172,659 IT Replacement fund 15,000 Property maintenance fund 10,000 Building fund 65,310 Head office running costs 135,800 Business development post 38,000 Voluntary Co-ordinator post 40,000 1,476,769 Restricted funds White ribbon 355 CWaC Play Therapy 1,325 GMP Rochdale Strive funding 3,505 Knitting Nans - Children 386 Festival Church - Beautiful Project 250 Womens Aid - Trauma 275 CCF Grant 1,464 Windfall grant 35,425 MHCLG 11,196 Sports England Fund 650 CCF/S Morgan Fund 610 L Michie Fund 756 DEFRA 16,930 Womens Activities 12,007 GMCA Target Hardening - Eaton Fund - 85,134 TOTAL FUNDS 1,561,903 Comparative net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds CWaC Play Therapy CCF Grant MHCLG CCF/S Morgan Fund L Michie Fund DEFRA GMCA Target Hardening Eaton Fund TOTAL FUNDS |
Net movement in funds £ 75,370 - - - - - - 75,370 - (1,325) - - - - (1,065) - (2,283) - (776) (756) (16,930) - 8,250 1,722 (13,163) 62,207 Incoming resources £ 2,328,516 - - - - - - 8,250 5,000 13,250 2,341,766 |
Transfers between funds £ (6,366) - - - 84,200 (38,000) (40,000) (166) - - - - - - - - - - 166 - - - - - 166 - Resources expended £ (2,253,146 ) (1,325) (1,065) (2,283) (776) (756) (16,930) - (3,278) (26,413) (2,279,559 ) |
At 31.3.23 £ 1,241,663 15,000 10,000 65,310 220,000 - - 1,551,973 355 - 3,505 386 250 275 399 35,425 8,913 650 - - - 12,007 8,250 1,722 72,137 1,624,110 Movement in funds £ 75,370 (1,325) (1,065) (2,283) (776) (756) (16,930) 8,250 1,722 (13,163) 62,207 |
|---|---|---|---|
Page 25
continued...
WHAG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
19. MOVEMENT IN FUNDS - continued
Transfers between funds
The transfers between funds mainly relate to movements on designated funds following the designation by the trustees. There were three transfers on restricted funds, these were to cover a restricted deficit which was covered by unrestricted funds in the same geographical area.
20. RELATED PARTY DISCLOSURES
A K Rhodes-Dawson, who is the Chief Executive Officer is also a trustee of WHAG and was a director of WHAG CIC prior to it being dissolved. She received no remuneration as a trustee and resigned as a trustee on 14th October 2024.
Listed below are additional related party disclosures:
The partner of the CEO was paid £1,950 for maintenance work. The son of the CEO was paid £21,197 for office administration remuneration The brother in law of the CEO was paid £6,506 as a property consultant.
21. UNRESTRICTED FUNDS
IT Replacement fund
This was originally designated in 2005, as funds set aside for the replacement of IT systems and maintenance. The server was replaced during 2014 and IT equipment replaced in 2017. Due to the purchase of the new head office and equipment, this funding was allocated, but the trustees have considered it prudent to designate £15,000 going forward.
Property Maintenance fund
The Trustees consider it prudent to designate £20,000 per annum on a 3 year property maintenance fund.
Building fund
The building fund was established in 2012 with a view to the charity investing in rental property. In 2013 a property was purchased and it is the Trustees intention to purchase another if a suitable investment is available. The property purchased is currently classified as a social investment. Movement on the fund reflects rental income and costs for the year.
Head office running costs
The trustees have designated £200,000 towards future running costs of the new head office.
22. RESTRICTED FUNDS
White Ribbon
Funding received from Bury Council to buy emergency bags (packs) for women fleeing / experiencing domestic violence.
CWaC Play Therapy
£5,000 was provided to help with the play therapy scheme at Ellesmere Port Refuge Project.
GMP Rochdale STRIVE
£4,498 was provided by Greater Manchester Police in relation to Rochdale STRIVE victims for Women's Housing Action Group to provide "peer to peer" sessions.
Knitting Nans- Children
£263 was provided by "Knitting Nans" in respect of children in previous years, and an additional £123 was provided this year.
Festival Church
Restricted to provide beauty therapy sessions for the residents in CWaC refuge.
Womens Aid - Trauma
Restricted to provide a safe space and improve quality of life for residents in CWaC refuge.
Cheshire Community Foundation (CCF)
Restricted funding towards play therapy in the CWaC refuge, dispersed properties and in resettlement.
Womens Group Work
Restricted to fund specific womens group work
Page 26
continued...
WHAG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
22. RESTRICTED FUNDS - continued
Windfall Fund
The Windfall grant received is to support a Play Worker at CWaC premises over a three year period from when the position is filled.
MHCLG Grant
Restricted funding from Cheshire West and Chester authority to support WHAG's additional expenditure for client wellbeing, and also for safe working and living environments for all staff and service users during Covid-19.
Sports England Fund
Funding received in Rochdale to purchase bikes and accessories for service users to promote active life and mental wellbeing during Covid-19.
CCF/S Morgan Fund
These combined funding streams are to provide wifi availability and any additional Covid-19 expenditure across all WHAG's properties throughout CWaC.
L Michie Fund
Donation to renovate an area for teenagers within the current playroom for service users in CWaC.
DEFRA
Funding from CWaC to support victims of Domestic abuse in the Chester area for items such as food and essential items when needed.
GMCA Target Hardening Fund
This fund is to be utilised to increase security measures on properties to ensure clients feel safe in their own houses, purchasing items such as window locks, bolts, window alarms and safety bars.
Eaton Fund
Grant received to improve client quality of life, and making home life safer and enable independent living.
Page 27