Charity Registrallon No. 1106884 Company Registration No. 05044826 (England and Wales) WINNER, THE PRESTON ROAD WOMENS CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Fawley Judge & Easton Chartered Certified Accountsnts 1 Parliament Street Hull East Yorkshire HU1 2AS
WINNER, THE PRESTON ROAD WOMENS CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms L M Hilder Ms A Sigsworth Ms R E Jones Secretary Ms L M Hilder Charity number 1106884 Company number 05044826 Registered office 185 Preston Road Hull East Yort<shir8 England HU9 5UY Independent exarniner Fawley Judge & Easton Chartered Certified Accountants 1 Parliament Street Hull East Yorkshire HU12AS
WINNER, THE PRESTON ROAD WOMENS CENTRE CONTENTS Page Trustees. report Independent examinerfs report Statement of financial activitie5 Balan sheet Notes to the finan81 statements 9-17
WINNER, THE PRESTON ROAD WOMENS CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial statements for Ihe year ended 31 March 2024. The financial statements have been prepared in accordan with the accounting policies set out in note 1 to the financial statements and comply with the charity's Igoverning documentl, Ihe Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended practi applicable to charities preparing their accounts in accordan with the Financial Repo.ng Standard applicable in the UK and Republic of Ireland {FRS 1021" (effective 1 January 2019}. Objectives and activities Significant activities Winner, the Preston Road Women's ntre is run by women for women and aims to build confidence and self-esteem through a variety of support seNices and learning opportunities available to women on their doorstep. Despite the challenging macroeconomic climate the organisation has continued to develop its services and deliver Ihese charitable objectives to respond to increased demand and need in the surrounding community. The organisation works closely with more than 800 women and children every year. enabling them to cope with crisis and develop themselves positively. Winner, the Preston Road Women's centre is here for all women and children. Our vision and values are articulated as follows.. To provide them with what they need to improve their lives To offer the opportunity to make the best choices for themselves To inspire women to make informed choices To inspire women to be the best they can be and have the best life they can To empower women to get involved and be heard To lebrate the experience and diversity of women and all that incoTporates - including lears, laughter and joy To strengthen the community and provide a safe place for women lo be who they are. The trustees have paid due regard to guidan issued by the Charty Commission in deciding what activities the charity should undertake.
WINNER, THE PRESTON ROAD WOMENS CENTRE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Our purpose bullt premises In October 2018, we realised a long-held ambition lo reprovide the premises from which we operate. We had worked from 60-62 Preston Road Sin 2001, but these premises had reached end of life. In 2018, our five year challenge to raise the funds for and develop th8 plans and deliver a new ntre was met. Vve are now the proud owners and occupiers of the first purpose built women's ntre in the UK which was designed and developed by service users, staff and volunteers and is a testament to the hard work, commitment and perseverance of every woman in the organisatson. The cost of the building was a little over £1.6million, most of which was raised in grant and from a plethora of localised fundraising. The people of Hull supported us generously as did a variety of funders including the anchor funder. the Reaching Communities Capital programme from the Big Lottery Fund. We moved in on Saturday 5th October 2018 and were open to the public first thing on Monday 7th October 2018. Our new ntre is tsvice as big as the old one, environmentally sustainable and bespoke to our needs, enabling all of our services to run more effectively and our staff and volunteers to work from a pleasant and comfortable offitt base. We have now been in this building for five and a half years and have been well satisfied with thé arrangement of the accommodation which has helped us to help our seNice users more effectively than ever before. During 2022 we extended Ihe Nursery part of our building to cater for increasing demand for local childcare places and we plan to extend further in the future so that other services can also expand In the past year we identified that due to increasing demand servIs, we would need more space from which to deliver these activities. Consequently we have applied for, and been granted, planning pemiission for another extension to our building this time I0 storeys. This additional Spa will allow us to continue to grow our services and meet the increasing needs of our service users. Below is a synopsis of our key services.. Specialist Domestic Violen¢e and Abuse Support This service works with women to offer practical and emotional support to help them live more safely in violent relationships and to escape from violent relationships. There are approximately 25,000 women and 19.000 children living in violent relationships in Hull and our service is available to all of them. The service is the only domestic violence service in the city thal works with wornen both before and after they have left the violent relationship helping to plan a safe and smooth escape, provide them wtth suitable accommodation and maximise the chan9 of them retaining custody of their children and preventing them being tsken into care. In a 2002 study by Shelter, 40% of all homeless women stated Ihat domeslic Violen was a contributor to their homelessness. We assist them to deal with any Poli prosecutions of the perpetrator, manage child custody issues and to rebuild their lives, including group and peer support and access to the accredited course, Understsnding Abusive Relationships. which enables them to come to terms with their traumatic eXperiernS.
WINNER, THE PRESTON ROAD WOMENS CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Young Women'8 Participatlon proJe¢t We offer involvement and participation opportunities for young women living locally to enable them to build skills and confidence and to find their voices. We offer a young women's youth group a week after school, where young women, aged 11-15 set their own agenda for group activities. These include craft aclivilies, taster sessions in topics such as healthy eating, cooking, personal safety, healthy relats'onships and campaign activities designed lo enable them to learn about the democratic praSS. Comprehensive Volunteering programme The women's ntre offers a range of opportunities for women to build skills and Confiden through volunteering in a variety of work experience roles in the centre and the community shop. Volunteers are recruiled, trained and supported to volunteer in a safe leaming environment and are one of the key elements in the SucsS of the women's ntre. Not only do volunteers give more than 8,000 hours of their time each year to help run the ntre, they are enabled to develop towards accessing mainstrearn education and work. 40Wo of our volunteers access work every year as a result of the skills and experience gained with us. AcClted training opportunities Preston Road Women's Centre is a recognised ntre of learning by the National Open College Network. We offer a full programme of accredited and non-accrediled learning aimed al enabling women to access training and qualifications to support them in their road lo recovery and achieving their full potential. For some women this is the first time in their lives they have had any educational achievement and Ihe experien can be life changing. On average, 80 women aC$S our learning opportunities each year and 75Yo of these achieve some accredited certification in their leaming. This year our learning successfully continued online as well as face to fa and enabled us lo reach many leamers in a way we had not previously done. We will Continue lo deliver courses in this way even when we can tum to the centre. Community Shop The centre runs a community shop annexed to the front of the building which offers affordable second hand clothing and goods as a Servi to the local community. It also offers valuable opportunities for our volunteers to gain retail work experien and take responsibility for running a social business. In the last year our volunteer team in the shop increased their activity and the shop takings dramatically, and are currently planning an extension to the shop part of the building to cater for ever more customers. The work of all the volunteers within the nLtmerous projects run by the organisation is greatly valued. Nol only do our volunteers give of their b'me and energy to support the organisation, they contribute activety to shaping our services and ¢(prOdUcing services. Local women support local women to recover from crises and rebuild their lives through the activities and servi$ the ttntre provides. Achievements and perfomiance Fundraising activities Fundraising activities during the year included income from.. Grant income from Coutts Foundation, Lloyds Foundats'on Grants from the Office of the Police and Crirne Commissioner Training programmes - Our community shop
WINNER, THE PRESTON ROAD WOMENS CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financial review The trustees have estsblished a réserves policy whereby they wish to see the unrestricted fijnds not committed or invested in tangible fixed assets {'the free reserves'l held by the charity to be at a level to ensure the continuity of the charity and this equates to approximately £80,000 in general funds. At this level the tfustees feel that they would be able to continue current activities of the company in the event of any significant drop in funding. Principal funding sources The principle funding source5 for the organisation during 2023124 are.. Kingston Upon Hull City Council Office ofthe Poli and Crime Commissioner Coutts Foundation John Laing Trust National Lottery Community Fund Cost of Living Programme The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in pla* to mitigate exposure to the major risks. FUTURE DEVELOPMENTS During 2024125 we aim to add a tsvo-storey extension to our purpose built women's ntre in order to cater for the expansion of our servi$ During 2023124 we susSfUl managed a capacity building grant fund to help women's sector organisations across the country explore and implement plans to develop their own dispersed housing portfolios. We supported 16 organisations with their plans and lo date belween them they have secured £17.6 million of social investment to fund their aspirations. Our'midwife. approach will continue in the coming year as we develop our pipeline of grantees who subsequently realise their plans. We will work with statutory sector partners and charitable trusts to continue to realise these aspirations so that the organisab'on can continue to provide its essential services far into the future.
WINNER, THE PRESTON ROAD WOMENS CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and management The charity is a company limited by guarantee. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were.. Ms L M Hilder Ms A Sigsworth K Dhatt Ms R E Jones (Resigned 31 August 20231 None of the trustees has any beneficial interest in the company. All of the tnjstees are members of the company and guarantee to contribute £1 in the event of a winding LIP. Each of the trustees has confirmed that there is no infomiation of which they are aware which is relevanl to the audit, bLrt of which the auditor is unaware. They have further confimied that they have taken appropriale steps to identify such relevant infomiation and to establish that the auditor is aware of such information. The trustees, report was approved by the Board of Trustees. Ms L M Hilder Trustee Dated. 24 July 2024 L kl'Jd&r
WINNER, THE PRESTON ROAD WOMENS CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WINNER, THE PRESTON ROAD WOMENS CENTRE I report to the trustees on my examination of the financial statements of Winner, The Preston Road Womens Centre (the charity) for the year ended 31 March 2024. Responsibllities and basis of report As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial Statements in accordan with the requirements of the Companies Act 2006 Ith8 2006 Actl- Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examinabon of the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5){bl of the 2011 Act. Independent examinerfs ststement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act", or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordan with the methods and principles of the Statement of Recommended Practice for accountin9 and reporting by charities applicable to charities preparing their account5 in accordance with Ihe Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention s Id be drawn in this report in order to enable a proper understanding of Ihe financial ststements to be eac n Leath awley Judge & Easton Chartered Certified Accountants 1 Parliament Street Hull East Yorkshire HU12AS Dated.. 24 July 2024
WINNER, THE PRESTON ROAD WOMENS CENTRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Unrestricled funds 2023 Notes Income from: Donations and legacies Charitable activities Other trading activities Inveslments 329.754 50.000 1,025 2,918 176.986 74,028 9,650 288 Total income 383.697 260,952 Expendilure on: Charitable aclivilies Other expendilure 234,840 15,840 343,119 12 Total expenditure 250,680 343,119 Net incomel(expenditurel and movernent in funds 133,017 182,1671 Reconciliation of funds: Fund balan$ at 1 April 2023 725,241 807,408 Fund balances at 31 March 2024 858,258 725.241 The statement of financial acts'vities includes all gains and losses recognised in the year. All income and expenditure derive from conlinuing activities.
WINNER, THE PRESTON ROAD WOMENS CENTRE BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Notes Fixed assots Tangible assets Current assels Debtors Cash at bank and in hand 14 1.518,381 1,569,111 15 537,765 375.459 652,571 107,618 913.224 760,189 Creditors: amounts falllng due within one year 16 1488.993) {494,4871 Net current assets 424,231 265.702 Total assets less current liabillties 1,942,612 1,834.813 Deferred income 17 11,084,354) (1,109,572) Net assèts excludlng pension liability 858.258 725,241 Net assets 858.258 725,240 Income funds Unrestricted funds 858,258 725,241 858,258 725.241 The company is entitled to the exemption from tha audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial ststements. The members have not required the company to obtsin an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordanc£ wth the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Tnjstees on 24 July 2024 Ms L M Hilder Trustee L FtJd6r Company Registration No. 05044826
WINNER, THE PRESTON ROAD WOMENS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity informatlon Winner, The Preston Road Womens Centre is a private company limited by guarantee incorporated in England and Wales. The registered office is 185 Preston Road, Hull, East Yorkshire. HU9 5UY, England. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's Igoverning documentl, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102.1 and the Charities SORP "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 1021" (effective 1 January 20191. The chanty is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional Currency of the charity- Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convenkn'on, Imodified to include the revaluation of freehold properbes and to include investment properties and certain financial instruments at fair valuel. The principal accounting policies adopted are Set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resour$ to Continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing Ihe financial statements. 1.3 Charltable funds Unrestricted funds are available for use at Ihe discretion of the trustees in furtheran of their charitable objects'ves. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in Ihe notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by Ihe charity. 1.4 Income Income is recognised when the charity is legally entitled lo it after any perf0mlan conditions have been met, the amounts can be measUd reliably, and it is probable that income will be re(xived. Cash donations are COgnised on reipl. Other donations are recognised once the charity has been notified of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations reIVed under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on reIpt or otherwise if the charity has been notified of an impending distribution, the amount is known, and reIpt 15 expected. If the amount is not known, the legacy is Ireated as a conb"ngent asset.
WINNER, THE PRESTON ROAD WOMENS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting policles {Contlnued) 1.$ 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 particu5ar headings they have been allocated to activities on a basis consistent with the use of resources. 1.6 Tanglble fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impaiment losses. 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 Lea58hold land and buildings Fixtures and fittings 4Vo on a straight line basis over 10 years 33.10 on a straight line basis The gain or loss arising on the disposal of an asset is detemiined as the difference beleen the sale proceeds and the carrying value of the asset and is recognised in the statement of financial activikn"es. 1.7 Impairnient of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to detemiine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists. the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any}. 1.8 Cash and ¢ash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments a recognised in the chanty's 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. Baslc financial assets Basic financial assets. which include debtors and cash and bank balances, a initially measured at transaction price including transaction costs and are subsequently caffied at 2mortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the fvture receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 10-
WINNER, THE PRESTON ROAD WOMENS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initl8lly recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Arnount5 payable are classified 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 subsequenuy measured at amortTsed cost using the effeclive interest melhod. Derecognition of financlal liabilities Financial liabilities are derecognised when the charity's contractual obligab.ons expire or are discharged or cancelled. 1.10 Employeo benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are reived. Temination benefits are recognised immediately as an expense when the Charty is demonstrably committed to lemiinate the employment of an employee or to provide lermination benefits. 1.11 Reliremont benefits Paymenls to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical a¢¢ounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual resufts may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unre$tricled funds 2024 Unrestricted funds 2023 Donations and gifts Grants receivable 101,652 228,102 167,136 9,850 329,754 176,986 11
WINNER, THE PRESTON ROAD WOMENS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donations and lega¢les (Contlnued) Unrestricted Unrestricted funds funds 2024 2023 Grants recelvable for core activities Big Lottery Coutts Foundation Laing Trust OPCC IDVA grant Other 62,102 55,000 41.000 70,000 9,850 228,102 9.850 Income from charitsble activiti8s Unrestricted funds 2024 Unrestricted funds 2023 Heading #ac993 Other income 50.000 74,028 Income from other trading activities Unrestrlcted Unrestricted funds funds 2024 2023 Consullancy 1,025 9.650 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Interest re1vable 2,918 288 12-
WINNER, THE PRESTON ROAD WOMENS CENTRE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charrtable activities Nursery Property rents 2024 Totsl 2024 Total 2023 2024 Nursery Property other expenses 856 856 27,944 {1701 11.753 27,944 856 27,944 28,800 11,583 Share of support Costs (see note 81 Share of governance costs (see note 8) 201.423 4,617 201,423 4,617 322,916 8,620 856 233,984 234,840 343,119 Support Costs Support Governance costs costs 2024 2023 Staff costs Depreciation Operating lease charges Rates and water Insurance Light and heat Telephone Postage and stationery Client childcare Sundries and volunteer expenses Motor and travel Bank Charges Repairs and renewals 43,634 55,380 4,072 907 14,253 14.564 12.684 7.406 43,634 55,380 4,072 907 14,253 14,564 12,684 7,406 172,552 53,873 6,964 959 2.270 7,662 10,404 3,303 5,720 23,533 10,171 153 25.352 32,374 13,074 11,8821 4,957 32,374 13,074 {1.882) 4,957 Legal and professional Accountancy and legal fees 2,817 1,800 2,817 1,800 6,820 1,800 201,423 4.617 206,040 331.536 Analysed between Charitable aclivities 201,423 4,617 206,040 331,536 13-
WINNER, THE PRESTON ROAD WOMENS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Net movement in funds 2024 2023 The net movement in fijnds is staled after chargingllcrediting).. Depreciation of owned tangible fixed assets Operating lease charges 55,370 4.072 53,873 6,964 10 Trustees None of the trustees lor any persons connected with them) reIVed any r8muneratson or benefits from the charity during the year. 11 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number 13 Employment costs 2024 2023 Wages and salaries Social security cost3 Other pension costs 35,852 3,891 3,891 139,615 25,496 7.441 43,634 172,552 There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel was as follows-. 12 Other Unrestricted funds Total 2024 2023 Cost of Llving Expenditure 15,840 15,840 14-
WINNER, THE PRESTON ROAD WOMENS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Taxation The charity is exempt from taxab'on on its activities because all its income is applied for chantable purposes. 14 Tangible flxed assets Freéhold land and bulldings Leasehold Fixtures and land and fittin95 buildings Total Cost At 1 April 2023 Additions 1,733,611 4,596 202.866 60,460 1,g96.937 4,596 At 31 March 2024 1,738,207 202,866 60,460 2,001,533 Depreciation and irnpairment At 1 April 2023 Depreciation charged in the year 194,842 35,883 172.57g 19,487 60,361 427,782 55,370 At 31 March 2024 230,725 192,066 60,361 483,152 Carrying amount At 31 March 2024 1.507,482 10.800 g9 1,518,381 Al 31 March 2023 1.538,769 30.287 55 1,569,111 15 Debtors 2024 2023 Amounts falling due withln ono year: Trade debtors Other debtors 31,717 506,048 24,570 628,001 537,765 652,577 16 Creditors: amounts falllng due wlthin one year 2024 2023 other taxation and social security Trade creditors Other creditors Accruals and deferred income 107.130 16,036 364,627 1,200 64.668 4,892 423.727 1,200 488,993 494,487 15-
WINNER, THE PRESTON ROAD WOMENS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Deferred income 2024 2023 Afising from Capital Grant Funding 1,084.354 1,109,572 Deferred income is included in the financial statements as follows.. Big Lottery Caprtal Fund awarded a grant to assist with the construction of Purple House. The grant awarded was £985,033 and is being written of in line with the depreciation of the propety- The balance remaining as at 31 March 2024 is £838,482. SASC awarded a grant to assist with the construction of Purple House. The grant awarded was £70,000 and is being written of in line with the depreciation of the property. The balance remaining as at 31 March 2024 is £59,598. Help for Health awarded a grant to assist with the construction of Purple House. The grant awarded was £120,000 and is being written of in line wilh the depreciation of the property. The balance remaining as at 31 March 2024 is £101,136. Clothworkers Fund awarded a grant to assist with the construction of Purple House. The grant awarde(I was £100.000 and is being written of in line with the depreciation of the propety- The balance remaining as at 31 March 2024 is £85,140. 2024 2023 Deferred income is included within.. Shown as deferred income on the face of the balan sheel 1,084,354 1.109,572 Movements in the year.. Deferred Income at 1 April 2023 Released from previous period5 1,109,572 125,218) 1,134.790 125,2181 Deferred income at 31 March 2024 1,084,354 1,109,572 18 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated ftjnds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2023 Incoming resources Resources At 31 March expended 2024 General funds 725.241 383,697 1250,680) 858,258 16
WINNER, THE PRESTON ROAD WOMENS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Unrestricted funds (Continued) Previous year: At 1 April 2022 Incomin9 resourcos Resources At 31 March expended 2023 General funds 807,408 260.952 1343.11 gi 725,241 19 Related party transactions Transactions With related parties During the year the charity entered into the following transactions with related parties.. The following amounts were outstanding at the reporting end date.. Amounts owed to related parties 2024 2023 The following amounts We outstanding at the reporting end date.. Amounts owed by related Amounts owed by related parties parties 2024 2023 Balance Balance Net Net Hull Womens Network Limited Winner Trading Lid 24.765 481.283 24,765 481.283 20,565 607,435 20,585 607,435 506,048 506,048 628,000 628,000 17-