Docusign Envelope10'. 5F70AD2B-3103427&A8BA-5C5B59DB4574 Company registration number 04777720 {England and Wales) Charity registi*ion number 1100976 (England and Wales) LANCASHIRE WOMEN ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Docusign Envelopè ID.. 5F70AD2B_31034273_A8BA.5C5B59DB4574 LANCASHIRE WOMEN LEGAL AND ADMINISTRATIVE INFORMATION Truste88 L B Harwood (Chair) M A Lishman P Geraghty MBE C BaoW L Brown H Hamilton-smith S Biggs R Dickinson ALee (Appointed 15 October 2024) (Appointed 15 April 2025) (Appointed 8 September 2025) Charlty number 1100976 Company number 04777720 Reglst8r8d office 21-23 Blackburn Road AGngtOn BB5 1HF Chief executlve officer Siobhan Collingwood Auditor Smith & Goulding Limited 4 Southport Road Chorley Lancashire England PR7 1LD Bankers Unity Trust Bank Nine Brindleyplace Bimiingham B12HB Solicitors Robinson's Solicitors Beckett House 17 Sovereign Court Vfyrefields Pouhon FY6
DorJJ$lgn Envelope ID: 5F70AD2B-31034273-A8BA-5C5B59DB4574 LANCASHIRE WOMEN CONTENTS Page Chairperson's report Chief Executive Officefs report Twstees, report 3-10 Statement of trustees, responsibilities 11 Independent auditorfs report 12-14 ststement of financial activities 15 Balance sheet 16-17 Statement of cash Ilows 18 Notes to the financial statements 19-33
Ducusign Envelope ID.. 5F70AD28-31034273A8BA-5CSB59DB4574 LANCASHIRE WOMEN CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 CHAIRPERSON'S REPORT Vithat a year it has been for the board of Trustees at Lancashire Vvomen! As we celebrate our 40 years of working with vrnen across Lancashire, we have had time to reflect on how we have grown as an organisation. I have been involved with Lancashi INomen in various roles for 15 of those years and I have seen how our seriices have been shaped by those women who have come through our doors or whose lives have touched ours. and we theirs. Together we have created what we now see as L8ncashire Women. This year has seen signrficant Changes., in December the Board started to develop its strongest strategic plan yet, one that seeks finanaal sustainability and growth whilst Gonsolidating the things we are realty good at. We saw the recruitment of a fourth member of our senior leadership team SpecifillY focused on c(mmercial development and expanding on our collaborative work with partners and key stskeholders. In June we welcomed a new Chief Execlrtive Offir who will be pivotal in taking forward the plan bringing in wealth of expeTience around trauma informed care and the use of intelligence to enhance our planning. Next year will be exciting as we continue to irnprcwe and grow. I'm grateful and proud that our organisation is embracing change together. Although change Gan be thallenging. I know that everyone is working hard to fjnd the right balan l)ut ......... we are Lancashire Ihlomen and that is what we do best! Lynetto HaThvood Chair of thè Board of Tru$ts•$
Docusign Envelopo 10.. SF70AD2B-31034273.A8BA-SC5B59DB4574 LANCASHIRE WOMEN CHAIRMAN'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 CHIEF EXECUTIVE OFFICER'S REPORT In the immortal words of Tammi Wynette. "Sometirnes ifs hard to be a woman.. but at Lancashire w0en we are working tireles51y and produdively to ensure that when life does feel hard. women have somewhere to go and somebody to make contact with. Our charty has been operating for 40 years, and we have celebrated this anniversary in style with joyful celebraltons and fundraising efforts including a Fashion show in Blackpool. a walk across Morecambe Bay, an 80's themed ball and a fjjn filled race across Lancashire. I have been proud beyond words to join this amazing organisation as CEO and be part of the Charity's ongoing joumey as il moves fOVardS into the next 40 years and beyond. Our works streams continue to broaden their reach and delivery, but there is much left to do. The women participating in our programmes tell us heartbreaking, yet inspiring stortes of adversity. resilience and recovery= every day they tell us about the difference that Lancashire Women makes in their lives. This is why we love being able to do what we do. We provide training, friendship groups and support networks for women whatever their issue, tsilored to their needs. We continue to provide economic and employment advi to help women at the hard edge of systemic economic inequalities. We provide therapeutic services for those needing to heal. We help women, struggling to deal with addiction lo re¢over and rebuild lives. We guide and support women with experien within the criminal justice system, helping them to stabilise and move forward positively. We collaborate with and signpost to partn6rs working to support women across Lancashire. IN8 advocate for women and their needs. We do all of this by holding true to our values of compassion. collaboration, creativity, and no judgement, not always easy in a time of undeniable pressure and adversty within the charitable sector. As seNices strive to assist people whose needs are often driven by unaddressed systemic inequalty, we see flames of malcontent and angar being fanned by voices of prejudice, and polarisation, threatening to sel ffire to the Communities we are striving to strengthen and protect. All of this can feel oveThvhelmingly negative, but at Lancashire Women it is a joy to be part of building an altemative way lo live in and experience the WOTId. Representing this amazing org8nisation makes me proud be.yond words, because though life is undeniably hard, it is also a joyful and celebratory thing to be a woman -to quote another inspirational diva 'The best thing about being a woman is the prerogative to have a little fun. Man, I feel like a woman!. Siobhan Collingwood Chief Executlve Officer
tlocuségn Envelope ID: 5F70AD2B-31034273-A8BA-5C5B59DB4574 LANCASHIRE WOMEN TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report together with the audited financial slatements for the year ended 31 March 2025. The Trustees confim thal the Annual Report and financial ststemenls of the company comply with the current ststutory requirements. the requirements of the company's goveming document and the provisions of the Statement of Recommended Practi (SORP). applicable to charities prepaTing their acEounts in accordance with the Financial Reporting StsndaTd applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019). Since the tharitable company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Slrategic Report and Direclorfs Report) Regulations 2013 is not required. OBJECTIVES AND ACTIVITIES a. POUCIES AND OBJECTIVES In setting objedives and planning for activities, the Twsteos hav8 given due Consideration to general guidance published by the Charities Commission relating to public benefit and in particular to its supplementary public benefit guidance (Section 17{5) of the 2011 Charities Act) on the Charitable company's activities. The charitys policies and objectives are the provision of infomiation, support and courses relating to 811 aspects of women's lives. b. ACTIVITIES FOR ACHIEVING OBJECTIVES The charity engaged in the following activities to meet its objectives.. Services to support positive mental health and emotional wellbeing and induding provision of psythological therapies., ii. The provision of advice, information. gurdance and employment support; iii. Leaming. skills and personal developmerrt opportunities. iv. Specialist services for Ihe most vulnerable and at risk women in our communiti'es, including women in the criminal justice system.
Docusign Envelope ID.. 5F70AD2841034273-A8BA-5C5B59DB4574 LANCASHIRE WOMEN TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Fundlng was gratsfully recelved from: NHS Lancashire and South Cumbria Integrated Care Board Ministry of Justir NHSE Department for Work & Pensions Energy Redress Blackbuin with Darwen Council Lancashire County Council Biitish Gas National Lottery Smallwood Blackpool Council Hyndbum Counul Household Support Fund Scottish Pt)wer Bumley Counal Active Lancashire Morrisons Community CVS UCLAN Grantscape Active Lancashire VOLUNTEERS Our volunteers make a vital contribution to the organisation. bringing on board skills, expertise and community knowledge. Our volunteers undertake a range of roles including administration. mentoring. service user support and therdpy. This area of the organisation is managed by a Volunteer Lead whith has resulted in more volunteers coming on board along with a new process being put in place. There is currently a Befriending Pilot taking place and for the future we are looking at more volunteer development along with sourcing funds to help ingrain a more comprehensive volunteer infrastructure in order to build reSourS and manage volunteer capacty. ACHIEVEMENTS AND PERFORMANCE Our vision is where all women in Lancashire are valued and treated as equals. To empower women to be able to transform their lives by bringing them together to.. Find their voice Share experiences and understanding Develop their knowledge and skills Challenge stereotypes and misconptIonS about them . so that they can have choices in becoming the individuals they want to be.
Do(S19n Envelopo ID.. 5F70AD2B41034273-A88A-SC5B59DB4574 LANCASHIRE WOMEN TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 All the work undertaken in 2024125 has been through the following workstreams: Communities, Mentsl Health and Wellb8ing Through support lo women and their families to help improve their emotional wellbeing and reslliee providing them with the skills, knowledge and tools to better manage their mental health. Our seNices indude.. Psychological Ireatments to understand and manage mental health issues, thoughts, feelings, and behaviours. Provided in a safe and confidential Spa to discuss problems, identify pattems. and learn coping strategies for mental and emotional problems like stress, anxiety and depression Perinatsl mentsl health and wellbeing support provided at the hospital along with one-tovone therapy to families accessing community provision through the family hubs Wellbeing groups to increase confidence and build resilience Communty projects workin9 to improve health and wellbeing and overcome barriers by developing a range of pernal skills to support a more positive future Justlce and Safety Through support to reduce the risk of reoffending or prevent the criminalisation of women with multiple and complex needs. Our services include.. Providing community and prison-based support to women who are involved in the criminal justi system. Delivering int8nsive one to one work through a team of case and resettlement workers vtho provide bespoke InteentionS that are trauma infomied and female specific to help improve outcomes for women. Key areas include: A0mModatIOn., Employment. Training and Education. Finance, Benefit and Debt and Personal Wellbeing Specialist trauma informed addiction & recovery support to women across Lancashire. Supporting women who may struggle to engage with drug & alcohol treatment providers by reducing and addressing potential barriers in respect of stigma, housing, finances. emotional wellbeing, education & employment, family & relationships Specialised one to one and group support for young women 18-25. Fo81ng on overcoming barriers and getting the young women ready to ffind and engage in employment, educati¢Jn and training
DooJ8lgn Envelope ID.. 5F70AD2B-31034273-A8BA-5C5B59DB4574 LANCASHIRE WOMEN TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Money Eneryy Advlce and Guidance Through imparttal, non-judgmental advice regarding any aspect of debt along with support to help ridividuals stsy wami and reduce their energy bills. Our services indude: Budgeting and energy sa¥ing tips and techntques Money management slep by step personalised guide Income maximisation Benefit checker, advice, completion and appeals Support with arrears and enforrnent Energy advice and small repair through our home visit service Employabillty Advlce and Guldance Providing tailored employment support to assist individuals in starting, staying, or succeeding in employment while managing their well-being. Our servi5 indude.. personal assessments goal and tsrgel setting • acwss to local and workplace support job search and techniques interview preparation Employment and Guldance Programme Our team work with women to improve their skills and knowledge and help them move closer to the la)our market. Projects include- Employment Advisors into Talking Therapies- East Lancashire the employment advisors work alongside the therapy team to provide tsilored support to the irKJividual in relation to their employment goals. Example support indudes: helping them PrOgsS at work, improve relationships in the workplace. reasonable adjustm*. retuming to work after a period of absence. career change or managing stress in the workpla. This team work dosely with the Talking Therapies team to identify referrals. MPT Steps (More Positive Together} - Pan LanLxshiie project fund through the European Social Fund that provides tailored one to one support to job seekers who may have rentlY become unemployed or are uneconomically inactive. Support includes confidence building. help with CV writing and interview preparation. job search and application along with any tailored support that is needed. All will help improve their self-esteem and employability skills. INVESTMENT POLICY AND PERFORMANCE The Twstees retain funds in an interest bearing accL)unt platform and take advantage of the interest received. The platrom enables us also to mitigate the risk of bank failure risk under the FCSC Protection. The charity also owns a small number of listed inveslments which again reflect the rrent economic climate.
Docuslgn Envelope ID.. SF70AD2B-3103427&A8BA-SC5BS9DB4S74 LANCASHIRE WOMEN TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW GOING CONCERN After making appropriate enquiries, the Irustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable fLrture. For this reason they continue to adopt the going ¢oncem basis in preparing the financial statements. Further details regarding the adoption of the going concem basis can be found in the Accounting Policies. b. FINANCIAL RESULTS FOR THE YEAR In the year ended 31 March 2025 the charitable company received incorning resources of £2,473,409 in unrestricted funds for the actNities of the charity. Resources expended in the year were £2,299,152. After taking account of the increase in investment values of £938 the surplus for the year was £175,195. After taking into account a transfer of £54,397 from restricted funds. there is a surplus of £229,592 which has been added to the charity r8s8rv8s. In addition to this the charity re¢eiv8d restricted funds of £1,474,157. The expenditur8 from r8Strict8d funds was £1,431,669 resuliing in a surplus of £42,469. After taking acUnt the transfer of £54,397 to unrestricted funds. Ihere was a deficit amounting to £11,928 which has been applied to restricted funds c4rried forward. The overall surplus for the year was therefore £217,664 At 31 March 2025 the charitable company held Total Reseples of £1,768,544. This comprises restricted funds of £85,238, unrestricted general funds of £1,479,384, and a designated fund of £203,922. ¢. RESERVES POLICY Lan¢ashire Women is required to hold selveS in order to 8¢hieve its charitable objectives. Reserv8s of cash enable current activities and liabilities to be met in the event of a significant drop in funding. Designated funds are held to cover potential wind-up costs which may arise in the event of sources of funds becoming unavailable. The Trustees therefore consider it both prudent and realistic to hold g8neral funds of be@en &8 months running costs within which 3 mcnths should be cash balances. The Trustees through their Finan and Audit Risk Sub Committee and otherwise will keep the level of reserves under review and take steps to keep any available surplus ndS to the reseNe range outlined above fully invested in line with the Charity's Investment Policy or utilised to achieve charilable objectNes. They will also seek to ensure. through rnanagemt, that no decisions of the charity allow the general fund to drop below the levels described above considering the option for sustaining reserves in good time. The following are the types of funds:_ Restricted funds ar8 funds subjèct to special trusts specified by the donor. Restricted income funds are received for spending in the short-term on the specified purpose. Permanent endowment funds are donalions that have been given to a charity to be held as capital wilh no power to Convert the funds to income. These may be cash or other assets. Expendable endowment funds are donations that have been given to a charity to be held as capital, where the twstees do have a discretionary power to use the funds as income. Unrestricted funds are funds available for the purposes of the chaiyty, to be spent as the trustees see fit. Designated funds are unrestricted funds that have been earmarked for a particular purpose by the trustees. General funds are unrestricted funds which have not been earmarked and may be used for the charity's objectives.
Docusign Envelope ID.. 5F70AD2B-31034273-A8BA-5CSB59DB4574 LANCASHIRE WOMEN TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 d. RISK MANAGEMENT The Trustees have assessed the major risks lo which the charitable Company is exposed, in particular those related to the operations and ffinances of Ihe charitable company, and are satisfied that systems and procedures are in place to mltigate our exposure to the major risks. Principal risks and strategies include-. Governance Board of Trustees skills audit now completed with Trustees to fill gaps and expertise. Ther8 has been recruitment of new Trustees which has broadened the skill set and knowledge of the board. Staff retention has improved and lots of work has taken place to support this. Focus on strengthening the induction process and ensuring staff are better supported in this period. More robust reporting has been implemented on staff retention and performance. An in depth review has also taken place using the Governance Ci)de involving all Trus*ees and is an ongoing process to continually assess and Strengthen our Goveman¢e. Operatlonal Competition from similar organisalions. This risk could impad on the charity as follows: loss of contract income. reduced fundraising potential, reduced public profile and profitability of trading activities. To mitigate these risks the following strategies have been put in place- monitor and assess performance and quality of service, review market and methoés of servitrE delivery. agree fund-raising strategy, ensure regular contact with funders and monitor public awareness and profile of the charity Financial Dependency on income sources. The potential impact that this risk could have is the cash Ilow and budget impact of loss of income sour¢X. Steps in plac6 to mitigate the risks are.. identify major dependencps, implement adequate reserves policies and execute diversification plans. Environmental or External fa¢tors There are some specific challenges - the effect of inflation increases on stati¢, long standing grant and contract values, energy prices for us as an organisation as well as for our service users and clients, overall 'cost of living, increases that add to the demand for our support but where competilion for limited resources could potentially reduce what we can achieve. FUTURE DEVELOPMENTS For our next 12 months our priorities includ8'. An UFrfJated EDI strategy,. The further diversification of income generation and a focus on commercial funding opportunities These activities and more will ensure we will be able to maintsin a strong core offer as well as fjjcussing on our wider sustainability which also includes reducing our carbon footprint as an organisation. The process of developing and supporting our B¢)ard of Trusleès will continue so thal our governan infraslructure progresses and enables the organisation to S8Ne our beneficiaries and meet their needs as effectively as possiblè.
Docusign Envelope ID: 5F70AD2&31034273-A8BA-5C5B59DB4574 LANCASHIRE WOMEN TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT CONSTITUTION The charitable company is a charitable company limited by guarantee and was set up by a Memorandurn of Association dated 27 May 2003 (last amended 17 Seplember 2014) and amended by Special Resolution dated 21 October 2003, 1 Ociober 2009 and 21 July 2017, as amended by a Certificate of Incorwration on change of name. The charty was formerly known as The Women's Centre for Blackburn and District Limited. The registered charity number is 1100976. The trustees, who are also the directors for the purpose of LX)rnpany law, and who seprfed during the year and up to the date of signature of the financial statements were: L B Harwood (Chair) M A Lishman E L Plachciak P Geraghty MBE C Barrow L Brovm D Livesey H Hamilton-smith S Biggs R Dickinson ALee (Resigned 23 April 2025) (Resigned 23 April 2025) (Appointed 15 October 2024) (Appointed 15 April 2025) (Appointed 8 September 2025) b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the charitable company is the responsibility of the Trustees who are elected and co-opied under the terms of the Articles of Association. In order to become a trustee the individual must have a strong inlerest and passion for supportino women in line with our organisational aims and understand the challenges faced by women in our communities. The individual must possess a skill in a specific area which are stated in our 'Trustee RecrufÉment and Infomiation Pack 2016. Wrth a view to selecting and appointing the correct trustees we have an essential and desirable criteria which sets out personal attributes, skills and experience that have to be met in order to become a trustee. This can also be found within our 'Tmstees Recruitment and Infomiation Pack 2016.. c. ORGANISATIONAL STRUCTUREAND DECISION MAKING The chatity employed a full time equivalent of 88 members of staff to provide services. Day to day management of the charity is delegated by the Board of Twstees to the CEO, with the support of the Senior Management Team and Operational Management Team. The Trustees meet bi-monthly and receive financial management reports and senior management team reports regarding progress against our agreed stralegy. d. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES Trustees are inducted in line with Charity Commission recommendations. The documents in use includ8 a Trustee contract, induclion programme and disclosure of any conflicts. All twstees sign a conffidentiality agreement.
Docuslgn Envelope ID.. 5F70AD2B-31034273-A8BA-5C5B59DB4574 LANCASHIRE WOMEN TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Auditor In accordance with the company's articles, a resolution proposing that Smith & Goulding Limited be appoInted as auditor of the company will be put at a meeting of the Trustees. The trustees, report was approved by the Board of Trustees. Slwod by.. 'Ilèhair) a00 Trustee 08 January 2026 10-
Docusign Envelope ID.. 5F70AD28-31034273-A8&4cSBs9DB4s74 LANCASHIRE WOMEN STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also the diredors of Lancashire Women for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generalty AcpIed Accounting Practi). Company law requires the trustees to prepare financial ststements for each finanual year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and application of resources, including the income and exp8nditure, of the charitable company for that year. In preparing these financial statements. the trustees are required to.. select suitable accounting policies and then apply them consistently., obsetve the method5 and principles in the Charities SORP: - make judgements and estimates that are reasonable and prudent.. state whether applicable UK Accounting Standards have been followed, subject lo any material departures disclosed and explained in the financial statements- and prepare the financial statements on the going COnM basis unless it is inappropriate to presume thal Ihe charity will continue in operation. The trustees are responsible for keeping adequate arxounting records that disclose with reasonable accuracy at any time the finan¢ial position of the tharity and enable them to ensure thal the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the ¢harity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 11
Docuslgn Envelope ID: 5F70AD2B-31034273-A8BA-5C5B59DB4574 LANCASHIRE WOMEN INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF LANCASHIRE WOMEN Opinion V*le have audited th8 financial statements of Lancashire Women {the 'charity') for the year ended 31 March 2025 whith comprise the statement of financial activities, the balance sheet. the statement of Gash flows and notes to the financial statements, including significant accounting poliues. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Iland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair view of the state of the charitable exjmpany's affairs as at 31 March 2025 and of its incoming resources and application of resources, for the year then ended., have beèn properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi. and have been prepared in accoTdano with the requirements of the Companies Act 2006. Basis for opinion INe conducted our audit in accordance wbth International Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Audilorfs sponsIbl1111eS for the audit ol the finanGial stalemenls section of our report. We are independent of the charity in accordance with the ethicAI requirements that are relevant to our audit of the financial ststements in the UK, Including the FRC'S Ethical Stsndard, and we have fulfilled our other 8thic81 responsibilities in accordance with these requirements. We b81ieve that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Con¢lu8ions relating to going ¢oncern In audiling the financial statements, we have concluded that the trustees, use of the going GOnM basis of accounting in the preparation of the financial statements is appropriate. Based on th8 work we have performed, we have not identified any material uncertainlies relating to events or conditions that, individually or Gollectively. may casl significant doubt on the charrty's ability to continue as a going ¢on¢em 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 resped to going concem are describ6d in the relevant sections of this report. Other Information The other infomiation comprises the information included in the annual report other th8n the finar£ial ststements and our auditorfs report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any fomi of assuran conclusion thereon. Our responsibility is to read the other infomialion and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otheiSe appears to be materially misslated. If we identify su¢h material inconsistencies or apparent material misstatements. we are required to detenTrine whether this gives rise to a materBI misstatement in the financial statements themselves. If, based on the work we have performed, we condude that there is material misstatement of Ihis other information, we are required to report that fad. We have nothing to report in this regard. Mattors on which we are requlred to report by excepOn We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you rf, in our opinion.. the information given in the financial statements is inconsistsnt in any material respect with the trustees, report., or sufficrent accounting records have not been kept. or Ihe financial statements are not in agreement with the a¢¢ounting r8cords,' or we have not received all the information and explanations we require for our audit. -12-
DocusSgn Envelope ID.. SF70AD2B-31034273-A8BA-5C5B59DB4574 LANCASHIRE WOMEN INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF LANCASHIRE WOMEN Responsibilities of trustees As explained more fully in Ihe slatemenl of trustee5' responsibilities, the trustees, who are also the directors of the chatity for the purpose of company law, are responsible for the preparatron of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the trnstees detemine is neSSary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the finanual stslements, the tmstees are responsible for assessing the charity's abilty to continue as a going concem, disclosing, as applicable. matters related to going concern and using the going concem 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. Auditor'8 responsibilities for the audit of the fFnancial statements We have been appointed as 8udilor under section 144 of the Charities Act 2011 and report in acGordanGe with the Act and relevant regulations made or having effect thereunder. Our objertives are to obtsin reasonable assurance about wheth8r the financial stalemerrts as a whole are free from material misstatement, whelher due to fraud or error. and to issue an auditovs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordan 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 economi¢ deGision5 of users taken on the basis of these financial statements. The extent lo which our procedures are capable of detecting irregularities, including fraud, is detailed below. The engagement partner ensured that the engagement team collectivety had thè 8ppropriatè comp8ten¢e, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations., • we identified the laws and regulations applicable to the charitable company through discussions wtth trustees and other management, and from our commercial knowledge and experience of the charty sector,. we focused on speafic laws and regulations whith we considered may have a direct material effect on the financial statements or the operalions of the charity, induding the Companies Act 2006, taxation legislation and data protection, employment, environmental and health and safety legislation., we assessed the extent of compliance Wbth the laws and regulations identified above through making enquiries of m8n8gement and inspecting legal correspondence., and identified laws and regulations were communicated within the audit team regularfy and the team remained alert to instsnces of non-compliance throughout the audit. We assessed the susceplibility of the company's financial statements to material misstatement, induding 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 intemal controls in place to mttigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we.. perfomied analytical procedures to identify any unusual or unexpected relationships; lesled journal entries to identify unusual transactions., and assessed whether judgements and assumptions made in determining the accounting estimates were indicative or potential bias. 13-
Docusign Envelopg ID: 5F70AD2B-31034273-A88A4C5B59DB4574 LANCASHIRE WOMEN INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF LANCASHIRE WOMEN In response to the risk of irregularities and nonwcompliance with laws and regulations, we designed procedures which induded, but were not limf(ed to.. agreeing financial statement disclosures to underlying supporting documentation; r8ading the minutes of meetings of Ihose charged with govemance. enquiring of management as to a¢tual and potential litigation and ¢laims- and reviewing correspondénce with relevant regulators and the company's legal advisors. There are inherent limitations in our 8udit procedures described above. The more removed that laws and regulationsare from financial Iransadions, the lèss likely it is that we would become aware of no compliance. Auditing standards also limit the audit procedures required to identify norFcomplian¢e with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and lejal correspondence. if any. Malerial misstatements that arise due to fraud can be harder to detect that those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities is available on the Finan¢BI Reporting Council's website at.. https.'Il Y4%w.fr¢.org.uklaudilorsresponsibilities. This description fonns part of our auditorfs report. Use of our report This report is made solely to the charity's twstees. as a body, in accordance wilh Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate to th8 charity's trustees those matters we arè required to stste to them in an auditor's report and for no other purpose. To the fullest extent pemiitted by law, w8 do not accept or assume responsibility to anyone other than the charily and the charity's trustees as a body, for our audit work, for thi$ report, or for the opinions we have fomied. Andrew Slmm F.C.A. (Senlor Statutory Auditor) for and on behalf of Smith & Goulding Limited Chartered Accountants Statutory Audltor 4 Southport Road Chorley Lancashire England PR7 1LD Smith & Goulding Limf(ed is eligible for appointment as auditor of the charity by virtue of its eligibility lor appointment as auditor of a company under section 1212 of the Companies Act 2006. 14-
Docuslgn Envelope ID.. 5F7oAD28-310273-A88A-sc5BS9DB4S74 LANCASHIRE WOMEN STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unre8tricted Restrictsd funds funds 2025 2025 Total Unrestrlcled Restrlcted funds funds 2024 2024 Total 2025 2024 Notes Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Other income 22,866 22,866 2,392.290 1.474,157 3.866,447 13,922 13.922 41,242 41.242 3.089 3,089 26,172 26,172 2,269,352 1.356.569 3,625,921 20,311 20,311 11,337 11,337 178 178 Total income 2.473.409 1.474,157 3.947,566 2,327,350 1,356.569 3,683,919 Expendlture on: Raising funds Charitable activities 19 19 2,299,152 1,431,669 3.730,821 59 59 1,943,506 1,308.285 3.251,791 Totsl expenditure 2,299,152 1,431,888 3,730,840 1.943,506 1,308,344 3,251,850 Net gainsl{losses) on investments 12 938 938 {5.387) {5,387> Net Income 175,195 42,469 217,664 378.457 48,225 426,682 Transfers between funds 54,397 (54,397) 53,516 (53.516) Net movement in funds 10 229,592 (11.928) 217,664 431,973 (5,291) 426,682 Reconclllatlon of funds: Fund balanrxs at 1 April 2024 1,453,714 97,166 1.550,880 1.021,741 102.457 1.124,198 Fund balances at 31 March 2025 1.683,308 85,238 1,768,544 1,453.714 97,166 1,550.880 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 15-
Docusign EnvelDpe ID.. 5F70AD2B-31034273-A88A-5C5B59D84574 LANCASHIRE WOMEN BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Flxed assets Tangible assets Investments 15 16 201,354 24,007 207,587 23,068 225.361 230,655 Current assèts Debtors Cash at bank and in hand 17 419,598 1,540,667 615,252 1,146,739 1,960,265 1.761,991 Credltors: amounts falllng duo wlthln one year 19 (393,019) {403,613} Net current assets 1,567,246 1,358,378 Totsl assets le88 current liabilit188 1,792,607 1,589,033 Creditors: amounts falling due after more than one year 20 (24,¢X3) (38,153) Net assets 1,768.644 1,550.880 Income funds Restricted funds Unr ricted f Designated funds General unrestricted funds 85,238 97.166 203.922 1.479,384 160,071 1,2g3,643 1.683.306 1.453.714 1,768,544 1,550,880 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 Marth 2025. The trustees ad(nowledge their responsibilities for ensuring that the charity keeps accounting e0rd$ which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the slate of affairs of the company as at the end of the financial year and of its incoming resouros and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otheiSe comply with the requirements of the Companies Act 2CQ6 relating to financral statements, so far as applicable to the company. The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 20C6, for Ihe year in question in accordan with section 476. 16-
Docusign Envelope ID.. 5F70AD2B-31034273-A8BA-5C5B59DB4574 LANCASHIRE WOMEN BALANCE SHEET (CONTINUED) AS AT31 MARCH 2025 These financial statements have been prepared in accordance with the provisions applicable to companies subject lo the small companies regime. 08 January 2026 The finan¢ial statements were approved by the Trustees on ...... ................ . by.. L B Harwood (Chair) Trustee Company Registration No. 04777720 17-
Docusign Envelope ID: 5F70AD2B-31034273-A8BA-5C5B59DB4574 LANCASHIRE WOMEN STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operatlng actlvltlos Cash generated from operations 28 363,273 435,367 Investing activlties Investment income received 41,242 11,337 Net cash generated from investing actsvities 41,242 11,337 Flnanclng actlvltles Proceeds from new bank loans Repayment of bank loans 46.200 {10,587) Net cash (used Inygenerated from financing activities (10,587) 46.200 Net increase in cash and cash equivalents 393,928 492.904 Cash and cash equivalents at beginning ofyear 1,146,739 653,835 Cash and cash equivalents at end of year 1,540,667 1,146,739 18-
Doctsslgn Envelope ID.. 5F70AD2B-3103427348BA-5C5B59D84574 LANCASHIRE WOMEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Charity inforn7ation Lancashire Women is a private company limited by guarantee incorporated in England and Wales. The regislered office is 21-23 Blackbum Road, Accrington, BB5 1HF. 1.1 Accounting convention The financial statements have been prepared in accordan with the charity's goveming documenl, the Companies Ad 201 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland (FRS 102) (effeGlive 1 January 2019)" The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the fiJn¢tional currency of the ¢harty. Monetary amounts in these financial statements are rounded to the nearest £. The finanaal statements have been prepared under the historical Cost ¢onventton, modified to include the revaluation of freehold properties and to indude investment properties and certain financial instruments at fair value. The principal a¢¢ounling poli¢ies adopted are set out below. 1.2 Going concem At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable fund8 Unrestricted funds are available for use at the discretion of the trustees in furtheran of their charitable ollectives. Restricted funds are subject to specific conditions by donors or granlors as to how they may be used. The purposes and uses of the rèstri¢Xed funds are set out in the notes to the financial statements. Endowment funds are subject to specifi¢ ¢onditions by donors that the capital must be maintained by the charity. 1.4 Incoming resources Income is recognised when the charity is legally entitled to it after any performan conditions have been met. the amounts can be measured reliably, and it is probable that income will be reoived. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performan nditionS require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otheiSe rf the charity has been notified of an impending distribution, the amount is known. and r6c8iPt is expected. If thè amount is not known, the legacy is treated as a contingenl asset. Turnover is measured at the fair value of the consideration received or re1¥able and represents amounts receivable for goods and services provided in the nomal course of business, net of discounts, VAT 8nd other sales related taxes. 19
Docusign Envelope ID: 5F70AD2B-31034273-ABBA-5C5B59DB4574 LANCASHIRE WOMEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Conlinued) 1.5 Resources expended Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to third party, it 15 probable that a transfer of economic benefits will be required in settlement. and the amount of the obligation can be measured reliably. Expenditure is classified by aGlivty- The costs of each activity are made up of the total of direct costs and shared costs. including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated direclly to that aclivity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis Consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges are allocated on the portion of the assevs use. Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amourrt of the obligation Gan be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and gc*4ernance costs are allocated to the applicable expenditure headings. Charitable expenditure comprises those cL)sts incurred by the charity in the delivery of activities and services for its beneficiaries. Fundraising costs are those incurred in seeking voluntary contributions and do not indude the costs of diss8minating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management at the registered offi¢e. Govem8nce costs are those incurred in connection with the administration of the charity and compliance with constitutional and statutory requirements. Expenditure indudes any VAT which cannot be fully recovered, as part of the expenditure to which it lates. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequenlly measured at cost or valuation. net of depreGiation and any impairment losses. All assets costing more than £1,000 with an expected life of at least five years are capitalised. A review for impainnent of a fixed asset is Caled out if events or changes in Gircumslances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls beeen the carrying value of red assets and their recoverable amounts a reLX)gnised as impairments. Impairment losses are recognised in the statement of financial activities incorporating inu)me and expenditure account. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Leasehold land and buildings Fixtures and fittings Equipment Buildings 20/0 on cost Buildings 2Yo on cost 100/0 on cost 25Yv on cost The gain or loss arising on the disposal of an asset is detem)ined as the difference between Ihe sale proceeds and the carrying value of the asset, and is recognised in the ststement of financial activities. 1.7 Fixed a88et inve8tments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net in¢omel(expenditure} for the year. Transaction costs are expensed as incurred. -20-
Docusign En%Rlope ID.. SF70AD2B-31034273-A8BA-5C5B59DB4574 LANCASHIRE WOMEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Contind) 1.8 Impalrment of fixed assets At each reporting end date, the charrty reviews the carrylng amounts of its langible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indtIon exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.9 Cash and cash equivalents C8sh and cash equivalents include cash in hand. deposits held at call with banks, other short-terrn liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Financial instruments The Charity has elected to apply the provisions of Section 11 '8asic Financial Instruments. and Section 12 'Other Financial Instruments Issues, of FRS 102 trj all of its financial instruments. Financial inslrumenls are reGognised in the charitys balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic finanaal assets, whi¢h include debtors and cash and bank balances. are initially measured at transaction price including transaction costs and are subsequently rrIed al amortised cost using the effective interest Method unless the arrangement constitutes a financing transaction, where the transaction is measured at th& presént value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Baslc flnancial liabilities Basic financial liabilities, including creditors and bank loans are inTrtially re¢ognised al transaction price unless the arrangement constitutes a financing transaction, where Ihe debt instrument is measured al the present value of the future payments discounted at a market rate of interest. Financial liabililies dassthed as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditofs are obligations to pay for goods or servIS that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classrfied as current liabilities if payment is due within one year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at transaction pri and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charitys contractual obligations expire or are discharged or cancelled. 1.11 Employee benefits The cost of any unused holiday entitlement is regnised in the perrod in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide terminalion benefits. 21
Docusign En¥elope ID.. 5F70AD2B41034273-A8BA-5CSB59D84574 LANCASHIRE WOMEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (Continued) 1.12 Retirnment benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they f811 du8. Income from donatlons and legacies Unrestricted Unrestrlctod funds funds 2025 2024 Donations and gifts 22,866 26,172 InGome from charitable activities Unrestricted Restrlcted fund8 funds 2025 2025 Total Unrestrlcted Restricted funds funds 2024 2024 Total 2025 2024 Charitable activities Sale of goods sep115 provided under contract Performance related grants 3.050 3,050 1,042 1,042 1,811.237 1,811,237 1.580,259 1,580,259 578.003 1,474,157 2,052,160 688,051 1.356.569 2,044,620 2,392.290 1,474,157 3,866,447 2,269,352 1.356.569 3,625.921 Income from other trading activities Unrestrlcted Unrestrlcted funds funds 2025 2024 Fundraising evenls Shop income 12,779 1,143 16,148 4,163 Other trading activities 13,922 20,311 -22-
Docusign Envelope ID.. 5F70AD2B-31034273-A8BA-5C5B59DB4574 LANCASHIRE WOMEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from investments Unrestricted Unre8tricted funds funds 2025 2024 Interest receivablè 41,242 11,337 Other income Unrostrlcted Unrestrlcted funds fund8 2025 2024 Other income 3,089 178 Raising funds Restrictsd Restricted funds funds 2025 2024 Fundraisin and ublici Staging fundraising events 19 59 19 59 -23-
Docusign Envelope ID.. 5F70AD2B_31034273_A8BA.5C5859D84574 LANCASHIRE WOMEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on charltable actlvltles Charitable actlvltles 2025 Charitablo actlvlties 2024 Dlrect costs Staff costs Training $ts Volunteer expenses Other staff costs IT and communication costs Books and leaflets Travelling costs Rent, rates. utilities and room hire Repairs and renewals Postage, ststionery and Offi ¢osts Subscriplions and sundry expenses Access to client seriice costs Subcontracted services Insurance Other charitable expenditur8 2,001.279 12,675 4,121 80,222 88.629 5,437 47,658 8,813 10,746 1,747 51,566 15,736 151,047 5,592 86.571 1,671,3(MJ 7.456 18.886 55,130 66,759 8,543 34,641 13,893 17,594 1,038 32,843 16,286 190,468 1,652 71,595 2,571.839 2.208,084 Sharp of support and governance costs (see note 9) Support Governance 1,063,898 95.084 919.182 124,545 3,730,821 3,251,791 Analysi8 by fund Unrestricted fijnds Restrided funds 2,299,152 1,431,669 1,943,506 1,308,285 3,730,821 3,251,791 -24-
DOlsign Envelopg ID: 5F70AD2B-31034273-A8BA-5C5B59D84574 LANCASHIRE WOMEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocatsd to actlvltles 2025 2024 Staff costs Depreciation Administration costs IT and communication costs Postage, stationery and office costs Fundraising expens8S Centre running costs Provision of service costs Other staff costs Bank charges HP interest Govemance costs 707,738 4,823 78,179 86,026 13,869 3,740 129,263 1,893 35,272 2,341 2,753 95,085 653,588 35,261 3,628 94.428 10.596 3,095 74,312 (90) 43,318 1,026 124,545 1,158,982 1,043,707 Analysed between: Charitable activtties 1,158,982 1,043,707 2025 2024 Govemance costs comprise: Depreciation Audit fees Legal and professional Professional fees Staff recruitment costs 1,410 9.720 2,597 70,835 10,523 5,784 33,000 78.537 7.224 95,085 124.545 10 Net movement in funds 2025 2024 The net movement in funds is stated after chargingl(crediting).' Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets Loss on disposal of tangible fixed assets 9,720 4,823 1,410 5,784 35,261 11 Trustees None of thè trust8es (or any persons connected with them) received any remuneration or benefits from the charity during the year. -25-
Docuslgn EnlOpe ID.. SF70AD2B-31034273-A8BA-SCSB59DB4574 LANCASHIRE WOMEN NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Galns and losses on Investments Unre$tri¢ted Unrestricted funds fund3 2025 2024 Gainsl(losses) arising on: Revaluation of investments 938 (5,387) 13 Employees Number of employees The average monthly number of employees during the year was.. 2025 Number 2024 Number Charitable activities 110 95 Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 2,459,203 207,924 41.89) 2.113,689 172,190 39,009 2,709,017 2,324,888 The total remuneration and benefits received by key management personnel including the CEO amounted to £157,400 (2024- £149.214) within the financial yèar. The number of employees whose annual remuneration was £60.ofxi or more were: 2025 Number 2024 Number Total emoluments belween £60,OCrf) and £70,000 14 Taxation The charity is exempl from laxation on ils aciivilies because all its income is applied for tharitable purposes. -26-
Docusign Envelope ID.. 5F70AD2&31034273-A8BA-5C5B59D84574 LANCASHIRE WOMEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 15 Tangible fixed assets Fmhold land and bulldlngs L•as•hold Flxturo8 and land and ffttlngs bullding• Equlpmgnt Totsl Cost At 1 April 2024 Disposals 116.0(MJ 125.156 57,152 (2.820) 34,740 333,048 (2.820) At 31 March 2025 116.0(Kl 125.156 54,332 34.740 330.228 Dèprn¢iation and impainnent At 1 April 2024 Depreciation charged in the year Eliminated in respect of disposals 13,775 2,320 21,204 55,742 2,503 (1,410) 34.740 125,461 4,823 (1,410) At 31 March 2025 16,095 21,204 56.835 34,740 128,874 Carrying amount Al 31 Marth 2025 99.905 103.952 (2.503} 201.354 At 31 March 2024 102,225 103,952 1,410 207,587 16 Fixed asset investments Listed inve8lJnents Cost or valuatlon At 1 April 2024 Valuation changes 23,068 938 At 31 March 2025 24.006 Carrying amount At 31 March 2025 24,006 At 31 March 2024 23,068 17 Debtors 2025 2024 Amounts falllng due wlthin one year: Trade debtors other debtors Prepayments and accrued income 184,848 221,225 13.525 317,353 282.283 15,616 419,598 615,252 -27-
Docusign Envelope ID.. 5F70AD2B-31034273-A8BA-5C5B59DB4574 LANCASHIRE WOMEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Loans and overdrafts 2025 2024 Bank loans 35,613 46,2(1 Payable within one year Payable after one year 11,550 24.063 8,047 38,153 19 Credltors: amounts falling due within one year 2025 2024 Notes Bank loans Other taxation and social secuiity Defetred income Trade creditors Accruals 18 11.550 56,742 146,823 155,904 22.000 8.047 53,927 240,610 88,289 12,740 22 393,019 403,613 20 Creditors: amounts falling due after more than one year 2025 2024 Notes Bank loans 18 24,063 38,153 21 Retiremont benèfit sch8m8S 2025 2024 Defined contribution s¢heme$ Charge lo profft or loss in respect of defined contribution schemes 41.890 39.009 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separate5y from those of Ihe Charity in an independently administered fund. 22 Deferred income 2025 2024 Deferred contract income 146,823 240.610 -28-
Docusign Envelope ID.. 5F70AD2B.31034273-A8BA-5C5859DB4574 LANCASHIRE WOMEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balanS of donations and grants which are not subject lo speafic conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unreslticted funds by the tTUSlees for spectfic purposes. At 1 Aprll 2024 Incomlng Resources resources expended Transfers Gains and At 31 March losses 2025 Designated fijnd General funds 160.071 1.293,643 43,851 10,546 203,922 1,479.384 2,473.409 (2.299,152) 938 1,453,714 2,473,409 (2,299,152) 54,397 938 1,683,308 Prevlous year: At 1 April 2023 Incoming resources Re80urce8 expended Transfer8 Gains and At 31 March losses 2024 Designated fund General funds 81,903 939.838 78,168 (24.652) 160,071 1.293,643 2,327,350 (1,943.506) (5,38n 1,021,741 2.327.350 (1,943,506) 53,516 (5,387) 1.453,714 The ttustees have designated £81,903 to ensure that funds are available for the settlement of redundancy osts and outslanding lease obligations in the event of the winding up of the charitable company. 24 Analysis of net a88ets between fund8 Unrestrictsd funds 2025 R•strictad funds 2025 Total 2025 At 31 Mar¢h 2025: Tangible assets Investments Current assetsl(liabilities) Long tem liabilities 201,354 24,007 1,482,008 (24,083) 201,354 24,007 1,567,246 (24,063) 85.238 1,683,306 85,238 1,768,544 -29-
Do(xJsign Envelo ID.. 5F70AD2B-31034273A8BA-5C5B59DB4574 LANCASHIRE WOMEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 Analysis of net assets between funds (Continued) Unrestrictsd funds 2024 Reslricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Investments Current assetsl(liabilities) Long tem) liabilities 207,587 23,068 1,261.212 (38,153) 207,587 23,068 1,358,378 (38.153) 97,166 1,453,714 97,166 1,550,880 30-
Docustgn Envelope ID: 5F70AD2B-31034273-A8BA-5C5B59DB4574 LANCASHIRE WOMEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 25 Restrict funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specrfic conditions by donors as to how they may be used. At 1 Aprll 2024 Incoming resources Resources expended Transfer8 Gains and At 31 March losses 2025 Smal00d Trust POW2 Blackbum Therapeutic Services Preston Counselling British Gas Move Forward HSF4 Blackpool HSF4 Hyndbum Hyndbum ICB 1 Scottish Power LCC Drugsl Alcohol Innovation recalls Lot 3 Raising Aspiratians Bumley Handywoman Burnley Money Advi Service Energy Redress Healthy Heads Women's Health Hub HSF5 HSF6 Workwell 24,999 (1,334) 55,OCrf) 80.832 {51,417) {86,497) (5,599) 22,983 {6.999} 2,150 (63.77n 2.017 1,061 15,586 {1,061) {249) 201,090 40.007 (204.511) {32,854) 11,916 7,153 {2,035) 17,500 {18,34n 2,882 12,410 4,110 (913> 19,083 <26,852) (4,641) {4,110) 2,165 70,0 (71,252) 38,999 303,110 (307.552) 34,557 69,095 (69,843) 748 2,133 182,919 (176.911) (7,152) 989 25.0(M) (20.656) 12,000 260,645 12.651 12,000 (228,062) {16,22n (32,583) (3.576) (2n (16,436) (40,348) (119) (27> 23,457 38,124 (7,021> 2,224 (119) 97,166 1,474,157 (1.431,688) (54,397) 85,238 31
Docuslgn Envelope ID.. 5F70AD2B-31034273-A8BA-5C5B59DB4574 LANCASHIRE WOMEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 25 Restricted funds Icontlnued) Previous yoar: At 1 Aprll 2023 Incomlng resources Resources expended Transfers Gains and At 31 March 1088e3 2024 Smal¢d Trust Big Lottery- Positive Outcomes for Women Starting Well Household Support BB03 Changing Futures POW2 British Gas British Gas Energy Measures HSF 3 Fund LCC Drugsl Alcohol Lot 3 Raising Aspirations FAM (Fishwick & St Matthews) HSF Blackpool COL Grant National Lottery COL BB01 Age of Opportunity BWD Complex Case Hub Blackburn Therapeutic Services Preston Counselling Energy Redress 18,825 (49,909) 24.999 (3,096) 287 6,529 {6,816) 1,974 {1.974) 18,164 (2,199) (11,855) 80,832 134.040 {117) (81,045) (137.461) (6.192) 1,078 16,963 11,334) 15,586 1,692 5.658 (1,692) 720 (6,378) 40,837 250,750 (252,588) 38,999 789 187,515 (169,101) (17,070) 2,133 3,724 14,500 (17,496) (728) 1,324 12,917 (14.952) (1,324) (2,035) 48,OCrfJ (47.961) (39) 1,321 (50) {1,271) 37.5CKI {33,181) (4,319) 12.175 {10,025) 2.150 75,000 {73,939) 1,061 285,454 73,517 37,500 11,564 31,199 (248,047) (77,394) <25,090) (7,454) (29,870} {913) (37,407) 3.877 ESF MPT HSF4 Hyndbum ICB 1 Move Forward Scottish Power Innovation Recalls (1,329) 18,557 (18,55n 102.457 1,356,569 (1,308,344) (53,516) 97,166 32-
Doojsign Envelope ID.. 5F70AD28-31034273-A8BA.5C5B59DB4574 LANCASHIRE WOMEN NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 26 Related party transactions There were no disclosable related paty transactions during the year (2024- none)- 27 Analysis of changes in net funds At l Apfll 2024 ¢•8h fftiwsAt 31 March 2025 Cash at bank and in hand 1.146,739 393,928 1,540.667 Loans falling due within one year Loans falling due after more than one year (8,047) (38,153) <3,503) 14,090 {11.550) (24,C63) 1,100.539 404,515 1,505,054 28 Cash generated from operations 2025 2024 Surplus for the year 217,663 426,682 Adjustments for: Investrnent income recognised in statement of financial activities Loss on disposal of langible fixed assets Fair value gains and losses on investments Depreciation and impaimient of tangible fixed assets (41.242) 1,410 (938) 4,823 (11.337) 5,387 35,261 Movements in working capital.. Decreasel(increase) in debtors Increase in Creditors (Decrease)lincrease in deferred income 195,654 79,690 {93,787) (247,818) 46.697 180.495 Cash generated from operations 363,273 435,367