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← Well Women Centre

2025-03-31-accounts

Charity Number: 1107523 Company Number: 05206205

Well Women Centre

(A Company Limited by Guarantee)

Annual Report and Financial Statements

For the year ended 31 March 2025

Contents

Page
Charity Information ..................................................................................................... 1
Trustees
.......................................................................................................... 2
Independent Report .................................................................................... 6
Statement of Financial Activities .................................................................................... 7
Balance Sheet ............................................................................................................. 8
Statement of Cash Flows .............................................................................................. 9
Notes to the Accounts ................................................................................................ 10

Well Women Centre

Charity Information

Trustees

Jane Bryant (resigned 31 January 2025) Julie Mayhew Kim Meadmore (resigned 31 May 2025) Lucy Ndlovu (appointed 28 April 2025) Kelly Ridley Jane Sadler (appointed 28 January 2025) Emma Spencer Linda Thornley (appointed 1 November 2024) Amanda Vickers Jane Walton

Secretary Tamsin Lim Company number 05206205 Charity number 1107523 Registered office 24 Trinity Church Gate Wakefield WF1 1TX

Independent Examiner

Azets Audit Services Limited 12 King Street Leeds LS1 2HL

Bankers Unity Bank Plc 9 Brindley Place Birmingham B1 2HB

1

Well Women Centre

Trustees

for the year ended 31 March 2025

The Board of Trustees, who are also Directors for the purposes of company law, present their report and independently examined financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1. to the financial statements and comply with the charity's Memorandum and Articles of Association, by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting

Reference and Administrative Details

The Charity Information page forms part of this report.

Structure, Governance and Management

The Charity became a company limited by guarantee on 16 August 2004. It was registered as a charity in 1985 and re-registered following incorporation as a company on 10 January 2005. It is governed by a memorandum and articles of association as amended by special resolution dated 7 September 2011 and 31 January 2017. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £1.

The charity is governed by the Board of Trustees, working closely with the CEO and senior management team. The trustees have formed dedicated sub committees to address both finance and HR, meet 8 times a year to oversee the financial management of the centre, to ensure probity and to support the CEO. The HR subgroup meet 8 times a year to support the CEO in oversight of staff management and development. Both groups form consensus and report to the whole board.

The Trustees consider the Chief Executive Officer, the Clinical Manager, and Services Manager, to comprise the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis.

Remuneration is reviewed annually and is bench-marked with organisations of a similar size and activity to ensure that pay is fair and not out of line with that generally paid for similar roles. The Trustees regularly conduct their own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks.

Method of recruitment and appointment of trustees

The Directors of the company are also charity Trustees for the purposes of charity law and under the Memorandum and Articles of Association the members of the Management Group are elected to service for a period of one year after which they must be re-elected at the next Annual General Meeting.

The charity shall have at least three Trustees comprising:

The company endeavors to maintain a balance of members both from internal volunteers/service users and women with relevant skills from external organisations. In an effort to maintain a broad skill mix, individuals are approached to offer themselves for election to the Management Committee, the HR subgroup; Fundraising sub-group; or the Finance sub-group. The Management Group also works with local consultants with relevant skills where these are needed.

2

Well Women Centre

5 (continued)

Objectives and Activities

The Well Women Centre continues to serve its core charitable objects which are:

To promote and protect the good health, both mental and physical of the women in Wakefield regardless of age, class, culture, race, religion, sexual orientation or medico-social need.

Our Mission has been updated to:

To be leading organis

and wellbeing, violence and abuse and the associated trauma. Women will continue to be offered high quality, personalized support packages to aid their recovery. We will work collaboratively across sectors to influence policy and support strategic system change.

We offer a range of services for women in Wakefield District which include:

Registration service (twice weekly)

Women can self-refer for our services through telephone registration to access assessment appointment. Women who wish to access our services can do so through self-referral, however many women are directed to us from their GPs, NHS workers, Mental Health workers, Third Sector workers and family or friends. The assessment session offers a collaborative space where we listen to the needs of individual women and work with them to identify which service or services would be of most help for them.

A range of counselling therapies

This includes counselling for women with anxiety and depression, women with multiple & complex needs or women who have experienced significant trauma. We also provide EMDR therapy.

Self-development and wellbeing groups and courses

We provide rolling programs offering a variety of groups and courses, which have been developed in direct response to the presenting need of women.

Intensive support services for women with multiple disadvantage and complex needs

We provide intensive 1 to 1 Casework to women affected by the following issues: Domestic Abuse; Women Apart from their Children; offending, alcohol and substance abuse.

A range of Complementary Therapies

Our therapies work holistically to treat the whole person. The centre is proud to have developed this service in direct response to the voices of BAME women across Wakefield. Grant funded for appropriate Casework clients.

Remotely delivered services

While most of our services are delivered in-person, we also deliver all services remotely, using either telephone or video platform to enhance accessibility for women in Wakefield district.

Public benefit statement

In setting out objectives and planning our activities our trustees have given serious consideration to the and the saving of lives. We also operate within other charitable purposes with relation to our work with the rehabilitation of those who have experienced issues related to drug and alcohol use.

Achievements and performance

We introduced several new initiatives following an internal review of our charity in December 2023 to improve the quality, efficiency and effectiveness of our services, in 2024-2025 we:

3

Well Women Centre

5 (continued)

Achievements and performance (continued)

Successes

Priorities for the future

In February 2025 at our Trustee Strategic Awayday, we confirmed that our current focus as Trustees is to respond positively to the very difficult funding environment by focussing on diversifying and improving our income streams. Our improved premises at Trinity Church Gate, and our new premises at 8-10 Wood Street provide opportunities for group work and counselling spaces that benefit clients. Negotiating existing contracts and gaining new grants are key activities for this year, supported by a Business Development role.

An equal priority is to recognise we are a people business, and our staff and volunteers must be supported and enabled to do their client-facing jobs.

The new premises at 8-10 Wood Street were a significant investment in the future of our charity and marks a pivotal moment in our long-term sustainability. We plan to further expand this safe, women only building to offer an additional four 1-2-1 rooms and a waiting area, which will enhance our capacity to support clients.

Fundraising

Fundraising from the public represents a very small proportion of income, the majority of which is sourced through grants and contracts. No complaints were received in the year in connection with fundraising.

We strive to achieve the highest fundraising standards and we value the financial support we receive from our supporters. We stay up to date with developments in charity regulation, data protection and the Fundraising Preference Service (FPS) to make sure we are legally compliant and adhering to all guidelines.

As part of our 40[th] anniversary celebrations we launched our Membership in March 2024, for £10 or more, members receive our quarterly newsletter.

4

Well Women Centre

5 (continued)

Financial Review

The net expenditure for the year was £165,980 (2024 net expenditure of £56,926), including net expenditure of £151,798 (2024 net expenditure £14,977) on unrestricted funds and net expenditure £14,182 (2024 - £41,949) on restricted funds after transfers. and the total reserves at 31 March 2025 stand at £138,823 (2024 - £304,803).. During the year the cost of the purchase of the Wood Street building was (£220,793). Cash inflow from new borrowings was £120,000; and the repayment of those borrowings was £4,125.

Reserves Policy

, excluding designated funds and long term liabilities, at the year end were £6,989 (2024 - £145,050).

Our designated building reserve of £125,895 has now been spent on premises at 8-10 Wood Street. Our agreed reserves amount for the year is £116,000. Last year's (2023/24) reserve level was £110,000. The reserve level has risen because of new mortgage repayment obligations.

Trustees review the Reserves Policy annually and in doing so will calculate the reserves amount needed for the coming year. The trustees will ensure that the agreed level of reserves will provide continuation of the charity's current activities in the event of a significant drop in funding. This will give time for consideration of options and fundraising actions to be taken.

.

Statement of the Responsibilities of the Trustees

The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.

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

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

Small Company Rules

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006

The Trustees' report was approved by the Board of Trustees and signed on its behalf by:

Amanda Vickers Trustee

Date:

5

Well Women Centre

In

Report to the Trustees of Well Women Centre

I report to the trustees on my examination of the financial statements of Well Women Centre for the year ended 31 March 2025.

This report is made solely to the Charity's Trustees, as a body, in accordance with Section 145 of the Charities Act 2011. My independent examination work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my independent examination work, for this report, or for the opinions I have formed.

Responsibilities 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 accordance with the requirements of the Companies Act 2006 (the 2006 Act).

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 examination of the

(the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Since the Charity in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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:

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the financial statements do not accord with those records; or

  3. 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

  4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Jessica Lawrence FCA CTA Azets Audit Services Limited 12 King Street Leeds LS1 2HL

6

Well Women Centre

Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 March 2025

**Note ** Unrestricted Restricted Total funds Total funds
funds Funds 2025 2024
£ £ £ £
Income
Donations and legacies 2 589 - 589 1,366
Charitable Activities 3 386,809 331,961 718,770 802,113
Other trading activities 4 87,305 - 87,305 69,409
Investments 5 1,958 - 1,958 4,997
Total Income 476,661 331,961 808,622 877,885
Expenditure
Raising funds 6 172 - 172 775
Charitable Activities 7 628,287 346,143 974,430 934,036
Total Expenditure 628,459 346,143 974,602 934,811
Net (expenditure) / income (151,798) (14,182) (165,980) (56,926)
Transfer between funds (4,500) 4,500 - -
Funds brought forward 272,858 31,945 304,803 361,729
Funds carried forward 16 116,560 22,263 138,823 304,803

All income and expenditure derive from continuing activities.

The statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 19 form part of the financial statements.

A fully detailed Statement of Financial Activities for the year ended 31 March 2024 is shown in note 19

The Statement of Financial Activities also complies with the requirements for an income and expenditure account under the Companies Act 2006 .

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Well Women Centre

Balance Sheet as at 31 March 2025

Balance Sheet as at 31 March 2025
2025 2024
Note £ £
Fixed Assets
Tangible assets 11 220,793 1,913
220,793 1,913
Current Assets
Debtors 12 16,839 99,834
Cash at Bank and in hand 52,207 246,492
69,046 346,326
Creditors:amounts falling due within one year 13 (39,796) (43,436)
Net current assets 29,250 302,890
Creditors:Amounts falling due within one year 15 (111,220) -
Total net assets 138,823 304,803
Funds
Unrestricted funds
General unrestricted funds 16 116,560 146,963
Designated funds 16 - 125,895
Unrestricted funds 116,560 272,858
Restricted funds 16 22,263 31,945
Total funds 138,823 304,803

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 March 2025. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006.

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 statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on

Amanda Vickers

Trustee

The notes on pages 10 to 19 form part of the financial statements.

Company registration number: 05206205

8

Well Women Centre

Statement of Cash Flows for the Year Ended 31 March 2025

Note 2025 2024
£ £
Cash flows from operating activities
Net cash (used in) operating activities (91,325) (23,755)
Cash flows from investing activities
Bank interest received 1,958 4,997
Purchase of tangible fixed assets (220,793) -
Net cash provided by / (used in) investing activities (218,835) 4,997
Cash flows from financing activities
Cash inflow from new borrowings 120,000 -
Repayment of borrowings (4,125) -
Net cash provided by financing activities 115,875 -
-
Change in cash and cash equivalents in the reporting period (194,285) (18,758)
Cash equivalents at the beginning of the reporting period 246,492 265,250
Cash and cash equivalents at the end of the reporting
period 52,207 246,492
2025 2024
Reconciliation of net movement in funds to net cash
flow from operating activities £ £
Net movement in funds for the reporting period (as per the
statement of financial activities) (165,980) (56,926)
Adjustments for:
Depreciation charges: 1,913 3,829
Bank interest (1,958) (4,997)
Decrease in debtors 82,995 91,078
(Decrease) in creditors (8,295) (56,729)
Net cash (used in) operating activities (91,325) (23,755)
Analysis of changes in net debt
Cash at bank and in hand 52,207 246,492
Borrowings, excluding overdrafts (115,875) -
(63,668) 246,492

9

Well Women Centre

Notes to the Financial Statements for the year ended 31 March 2025

1. Accounting policies

Company information

The Charitable Company is limited by guarantee, with the liability of members limited to £1 per member. Well Women Centre is a charity registered with the Charities Commission in England and Wales. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations is to improve the health and wellbeing of women in Wakefield District.

Basis of accounting

The accounts have been prepared in accordance with the Charity's Memorandum and Articles of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appli January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

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 £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Going concern

The Trustees have at the time of approving the financial statements a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity has sufficient reserves to meet its immediate requirements. Thus the Trustees have continued to adopt the going concern basis of accounting in preparing the financial statements

Income

All income is included in the Statement of Financial Activities when the charity is entitled to the income, any performance conditions have been met, the receipt is probable, and the amount can be measured reliably..

Donations and legacies, are included in the Statement of Financial Activities when it is probable that the funds will be received and that they can be measured with sufficient reliability.

Core funding grants, including government grants and restricted funding grants are recognised in the income and expenditure account in the period to which they relate.

The value of services provided by volunteers is not included.

Where income is received specifically for expenditure in a future accounting period that amount is deferred.

Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be recovered and is reported as part of the expenditure to which it relates.

Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. These include governance which are those costs associated with meeting the constitutional and statutory requirement of the charitable company.

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Well Women Centre

Notes to the Financial Statements for the year ended 31 March 2025 (continued)

1. Accounting Policies (continued)

Fund accounting

Funds held by the charity are either:

Unrestricted funds - Unrestricted funds are donations and other income receivable or generated for the objects of the charity without further specified purpose and are available as general funds.

Designated funds - Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

Restricted funds - Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs.

Financial instruments

Financial instruments are recognised in the charity'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.

Basic financial assets

Basic financial assets, which include debtors, cash and bank balances and current asset investments, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.

If an asset is impaired, the impairment loss is the difference between the carrying amount and the The impairment loss is recognised in net income/(expenditure) for the year.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in net income/(expenditure) for the year.

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Well Women Centre

Notes to the Financial Statements for the year ended 31 March 2025 (continued)

1. Accounting Policies (continued)

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially 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. Amounts 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 price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

discharged or cancelled.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity held for working capital.

Pension costs

The charity operates defined contribution pension arrangements for its employees. Amounts due are recognised as an expense in the SoFA when they fall due for payment.

Operating leases

Rentals payable under operating leases, including any lease incentives received, are charged to the SoFA on a straight-line basis over the lease term.

Taxation

Well Women Centre is an exempt charity within the meaning of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

Critical Accounting Estimates and Judgements

judgements, estimates and assumptions about the carrying 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 results may differ from these estimates.

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Well Women Centre

Notes to the Financial Statements for the year ended 31 March 2025 (continued)

1. Accounting Policies (continued)

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

After review the Trustees consider that there are no critical estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the financial statements.

2. Donations and Other Income

2025 2024
£ £
General donations 589 1,366

3. Charitable activities income

2025 2024
£ £
Grants:
Restricted
National Lottery Community Fund 84,686 108,956
The Henry Smith Charity - 43,100
7,530 14,332
West Yorkshire Combined Authority 80,160 80,160
Wakefield Metropolitan District Council 129,585 119,988
The Tudor Trust 30,000 -
331,961 366,536
Unrestricted
The Tudor Trust - 38,750
L& D WP - 10,876
Wakefield Metropolitan District Council 3,000 11,128
Other grants 30,927 -
Garfield Weston - 20,000
Contracts and service level agreements 352,882 354,823
386,809 435,577
Total 718,770 802,113
4.
Other trading activities:
2025 2024
£ £
Earned income 8,339 878
Staff secondment 78,966 68,531
87,305 69,409
5.
Investments
2025 2024
£ £
Bank interest received 1,958 4,997

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Well Women Centre

Notes to the Financial Statements for the year ended 31 March 2025 (continued)

6.
Raising funds
2025 2024
£ £
Marketing and publicity 172 775
7.
Charitable activities expenditure
Current year Activities Support 2025
Costs Costs Total Cost
£ £ £
662,499 311,931 974,430
Prior year
Activities Support 2024
Costs Costs Total Cost
£ £ £
693,293 240,743 934,036
8a
Support Costs
Current year
Charitable 2025
activity Governance Total Cost
£ activity £
Support cost type
Salaries 168,479 - 168,479
General Running costs 122,518 - 122,518
Accounts and independent examination 1,983 5,160 7,143
HR services 4,626 - 4,626
IT contract 9,165 - 9,165
306,771 5,160 311,931
Prior year
Charitable 2024
activity Governance Total Cost
£ activity £
Support cost type
Salaries 136,697 - 136,697
General running costs 84,588 - 84,588
Payroll charges 598 - 598
Accounts and independent examination - 6,225 6,225
HR services 4,884 - 4,884
IT contract 7,681 - 7,681
Governance - 70 70
234,448 6,295 240,743

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Well Women Centre

Notes to the Financial Statements for the year ended 31 March 2025 (continued)

8b Charitable activities expenditure detail

2025 2024
Total Cost Total Cost
£ £
Salaries NI and pensions 712,359 741,168
Staff Health Care 5,400 3,560
Staff Supervision 11,355 12,216
Staff expenses 6,635 5,956
Staff training 1,405 1,907
Group costs 71,580 67,128
Rent 21,300 (6,496)
General running costs 122,518 84,588
Accounts and independent examination 7,143 6,225
HR services 4,454 5,544
IT contract 9,165 7,681
Governance - 70
Volunteer costs 1,116 4,489
974,430 934,036

8c Staff costs and numbers

2025 2024
£ £
Gross salaries 636,770 661,756
Social security costs 48,098 49,214
Pensions 27,491 30,198
712,359 741,168

The average number of employees during the year was 28 (2024: 29). There were no employees with emoluments above £60,000.

Defined contribution pension scheme

Defined contribution pension scheme
2025 2024
£ £
Costs of the scheme to the charity for the year 27,491 30,198
Amount of any contributions outstanding at the year end 3,660 3,289

9. Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

10. Net income

10. Net income
2025 2024
£ £
This is stated after charging
Fees paid to the independent examiner 4,300 4,000

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Well Women Centre

Notes to the Financial Statements for the year ended 31 March 2025 (continued)

11.Tangible assets

Land & Fixtures & Leasehold Total
Buildings Fittings Improvement
£ £ £ £
Cost
At 31 March 2024 - 29,505 10,112 39,617
Additions 220,793 - - 220,793
At 31 March 2025 220,793 29,505 10,112 260,410
Depreciation
At 1 April 2024 - 27,592 10,112 37,704
Charge for year - 1,913 - 1,913
At 31 March 2025 - 29,505 10,112 39,617
Net book value
At 31 March 2025 220,793 - - 220,793
At 31 March 2024 - 1,913 - 1,913
12.Debtors
2025 2024
£ £
Trade debtors 16,006 27,006
Prepayments and accrued income 833 72,828
16,839 99,834
13.Creditors
2025 2024
£ £
Trade creditors 12,260 1,725
Accruals 7,127 5,441
Deferred incomeNote 14 - 18,597
Taxation and social security 15,754 14,384
Bank loanNote 15 4,655 -
Other creditors - 3,289
39,796 43,436
14. Deferred income 2025 2024
£ £
Balance brought forward 18,597 35,595
Released in the year (18,597) (35,595)
Deferred in the year - 18,597
Balance carried forward - 18,597
15.Creditors: Amounts falling due after more than one year
2025 2024
£ £
Secured bank loan Nat West 111,220 -
111,220 -

A secured loan for £120,000 was obtained in 2024 from National Westminster Bank plc. For the first 36 months a fixed rate has been agreed at 3.2% over Base Rate. The loan is to be repaid 180 months after the loan was drawn. The loan is secured by a 1[st] freehold property at 8 Wood Street, Wakefield

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Well Women Centre

Notes to the Financial Statements for the year ended 31 March 2025 (continued

16.Restricted funds

Current year

At 31
At 1 April March
2024 Income Expenditure Transfers 2025
Unrestricted funds -general- 146,963 476,661 628,459 121,395 116,560
Designated funds:
Property Purchase 125,895 - - (125,895) -
Total Unrestricted Funds 272,858 476,661 628,459 (4,500) 116,560
Restricted funds:
Accelerator 398 87,585 87,585 - 398
Adult Safeguarding Board 3,791 - - - 3,791
Refugee Resettlement 5,786 - - - 5,786
- 7,530 7,530 - -
National Lottery 21,838 84,686 94,368 - 12,156
SATS - 42,000 42,000 - -
WMDC - 80,160 84,660 4,500 -
TheTudor Trust (2) 132 30,000 30,000 - 132
Total Restricted Funds 31,945 331,961 346,143 4,500 22,263
Total Funds 304,803 808,622 974,602 - 138,823
Prior year
At 31
At 1 April March
2023 Income Expenditure Transfers 2024
Unrestricted funds -general- 169,481 511,349 (526,326) (7,541) 146,963
Designated funds:
Property Purchase 125,895 - - - 125,895
Total Unrestricted Funds 295,376 511,349 (526,326) (7,541) 272,858
Restricted funds:
Accelerator 1,863 79,988 (81,453) - 398
Adult Safeguarding Board 3,791 - - - 3,791
Refugee Resettlement 5,786 - - - 5,786
Charles Hayward 15,503 - (15,503) - -
- 14,332 (14,332) - -
Henry Smith 214 43,100 (43,314) - -
National Lottery 24,384 108,956 (111,502) - 21,838
SATS 4,721 40,000 (45,699) 978 -
WMDC 9,959 80,160 (96,682) 6,563 -
The Tudor Trust (2) 132 - - - 132
Total Restricted Funds 66,353 366,536 (408,485) 7,541 31,945
Total Funds 361,729 877,885 (934,811) - 304,803

Purpose of restricted funds:

Accelerator Towards the project ADDER; (Addiction, Diversion, Disruption, Enforcement and Recovery)

Adult Safeguarding Toward domestic abuse awareness raising campaign Board Refugee Resettlement

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Well Women Centre

Notes to the Financial Statements for the year ended 31 March 2025 (continued

16.Restricted funds (continued)

Purpose of restricted funds:

Charles Hayward To provide emotional and practical support to women with complex needs who have experienced domestic abuse or criminal exploitation

Henry Smith Towards salary and on costs of a Casework Manager and Caseworker at a project providing support to women and girls who have experienced domestic abuse of trauma in Wakefield National Lottery To grow and enhance our Casework service; increase our focus on minority ethnic communities, continue developing peer support groups and increasing outreach support, strengthening the pathway between casework and counselling support

Casework service providing a support package consisting of emotional and practical support for women recovering from trauma

SATS The Well Women Centre will undertake and provide assessment and counselling and therapeutic support to female and male adult victims of domestic abuse residing in safe accommodation, to promote victims recovery from domestic abuse. The Tudor Trust (1) WMDC This is to provide counselling and group services for women. This also supports our volunteers across the centre. The Tudor Trust (2) A wellbeing grant to support staff, volunteer and trustee wellbeing All transfers relate to management costs unless stated above.

17.Analysis of net assets between funds

Current year Net Long term
Fixed assets current liabilities
£ assets £ Total
£ £
Restricted funds - 22,263 - 22,263
Unrestricted funds 220,793 6,989 (111,220) 116,562
Designatedfunds - - - -
220,793 29,250 (111,220) 138,823
Prior year Net current
Fixed assets assets
£ £ Total
£
Restricted funds - 31,945 31,945
Unrestricted funds 1,913 145,050 146,963
Designatedfunds - 125,895 125,895
1,913 302,890 304,803

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Well Women Centre

Notes to the Financial Statements for the year ended 31 March 2025 (continued

18. Related party transactions

One trustee received expenses totalling £1,024 in the year (previous year no expenses were paid). No trustee received any remuneration or benefit during this year or the previous year.

The total employee benefits received by key management personnel were £135,984 (2024: £193,978).

19.Operating leases

Expected future minimum lease payments over the remaining life of the lease, analysed into the period in which the commitment falls due:

2025 2024
£ £
Within one year 2,753 2,360
Inthe second tofifthyearsinclusive 1,920 9,340
4,673 11,700

19. Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 March 2024

ended 31 March 2024
Unrestricted Restricted Total funds
funds Funds 2024
£ £ £
Income
Donations and legacies 1,366 - 1,366
Charitable Activities 435,577 366,536 802,113
Other trading activities 69,409 - 69,409
Investments 4,997 - 4,997
Other - - -
Total Income 511,349 366,536 877,885
Expenditure
Raising funds 775 - 775
Charitable Activities 525,551 408,485 934,036
Total Expenditure 526,326 408,485 934,811
Net (expenditure) (14,977) (41,949) (56,926)
Transfer between funds (7,541) 7,541 -
Funds brought forward 295,376 66,353 361,729
Funds carried forward 272,858 31,945 304,803

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