The Fawcett Society (A company limited by guarantee no 04600514 Registered charity no 1108769) Report and Financial Statements For the Year Ended 31 March 2025 AEHYTY41 2211212025 COMPANIES HOUSE
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The Fawcett Society Contents Contents Legal and administrative infom)ation Trustees, Annual Report.................... Independent Examination Report................................... Statement of Financial Aclivilies for the year ended 31 March 2025 . 13 Balance Sheet as at 31 March 2025....................................................................-...........-.............................................. 14 Slalement of Cash Flow as at 31 March 2025.. 15 Notes forming part of the Financial Statements for the Year ended 31 March 2025.. . 1&26 Prepared by Excluserv Ltd
The Fawcett Society Legal and administrative information Board of Trustees: Harriet Harman Ichairl Anne-marie Alexander Anum Qaisar Daisy Ayliffe Farah Nazeer Lynn Roberts Paola Uccellari Rebecca Mcmurray Zahra Latif Resham Kotecha Leanne Sheldon (Treasurer) Ayesha Haiakira Victoria Jones Naushab3h Khan Appointed November 2024 Appointed November 2024 Appointed November 2024 Appointed November 2024 Appointed November 2024 Appointed November 2024 Appointed November 2024 Resi8ned November 2024 Resigned November 2024 Resigned November 2024 Chlef Executive Offlcer: Jemima Olchawski (to February 20251. Martha Hannan Ilnterim ointed.. Februar 2025 Company Re8lstratlon nurnber: 04600514 Charlty reglstratlon number: 1108769 Reglstered office 27-31 Carlton Road, Nottin ham, NG3 2DG Independent Examlnatlon Kevin Flsher BA FCA A C/0 Kin8Ston Burrowe5 Audit Ltd 308 Ewell Road Surbiton Surrev KT6 7AL Accounts Preparatlon Excluserv Limited 133 Deepcut Bridge Road Camberley Surrey GU16 6SD Bankers: Unity Trust Bank PIC Nine Brindley Place Birrnin8hom BI 2HB Natwe5t Bank 169 Victoria Street London SWIE 5BT CCLA Investment Mana8ement Ltd 80 Cheapside London EC2V 60Z The Charity Bank Ltd Fosse House 182 High Street Tonbridge TN9 IBE Prepared by Excluserv Ltd
The Fawcett Society Trustees, Annual Report 2024-25 Objectlves and Activities Charitable Objectlves Fawcett campaigns for gender equality and women's rights. Our charitable objectives include.. Raising awareness of discrimination in society. Conducting and publicising research. Advancing education in equality and diversity. Promoting inclusive attitudes and practices. Publlc Beneflt Statement Trustees confirm they have had regard to Charity Commission guidance on public benefit. Our activities benefit women and girls across the UK by tackling structural gender inequality through policy, research, and campaigning. "This year has seen significant change and 8/ progress. We've launched a bold new strategy, produced vilal research and secured policy wins. The rolling back of our rights and the growing epidemic of misogyny is undeniable,. l am determined Fawcett is at the forefront of fighting back. I want to thank ourstaff. members, supporters and partners for their tir818ss commitment to the rights of wom8n and girfs." Hamet Harman, Chair Prepared by Excluserv Ltd
The Fawcett Society Trustees, Annual Report 2024-25 Achlevemonts and Performance Overview 2024-25 was a year of transition. We launched a new five-year strategy centred on three strategic pillars, delivered major policy wins, and continued to amplify women's voices,. we also said farewell to our Chief Executive Officer, Jemima Olchawski, towards the end of the financial year. Strategy Development The new strategy was developed through a year-long consultation with staff, trustees, members, grassroots activists, partners and experts by experience. This process created some key priorities and principles for Fawcett. We fight for the rights ofwomen and girls. We are evidence-driven. We are campaigners. We are committed to creating a joyful, feminist movementthat works in partnership totackle misogyny and sexism in all forms, wherever it appears. We commit to a new chapter for Fawcet.. to become more forthright, more activist; we must confront the ro51ing back of our rights with member-led campaigns. We are a convener and supporter of our members, our local groups, our partners and the wider sector. We recognise that partnerships and convening is key to Fawcett's role and want to commit to supporting the women's sector and adjacent communities in everything we do. We are committed to being an inclusive organisation that examines all our work through an intersectional lens: this simply means that we understand women from different backgrounds will experience harms and discrimination In different ways and we want our campaigns and membership to reflect this reality. We are committed to being an anti-racist organisation. We have developed three key policy areas that will rationalise our work through. These policy areas are.. 1. R6volutlonlslng Work We envisage workplaces where women are valued equally and can thrive without structural barriers. In 202412025.. We secured key wins in the Employment Rights Bill.. commitments to flexible work, employer responsibilities to prevent harassment, and enhanced gender pay gap reporting. Our partnership with Totaljobs produced research showing flexible work retains women returning after having children. We supported a coalition calling for reform of Shared parental leave, backed by new polling and engagement with MPS. Our comparative report, "Transforming Early Childhood Education & Care,, provided a blueprint for reform based on global best practice, sparking significant debate and media engagement. Prepared by Excluserv Ltd
The Fawcett Society Trustees, Annual Report 2024-25 We met with the Secretary of State for Education and the Minister for Women and Equalities to share our campaign asks and evidence around the need for affordable childcare and the urgent need to close the widening gender pay gap. Our Equal Pay Day campaign in November 2024 gained wide media traction, with a social media reach of over 1.2 million. We highlighted that 66 % of the gender pay gap cannot be explained by job type or education,. we called for stronger legal enforcement. We launched a research project with the Royal Institute of British Architects (RIBA) to put a spotlight on the experiences of women working in architecture., a sector with significant challenges in reaching gender equity in work. Our Chief ExecLJtive gave evidence to the Public Bills Committee on the Employment Rights Bill, highlighting our calls for stronger provisions on flexible working and preventing sexual harassment. 2) Creating Femlnist Al We must ensure that Al is d8veloped and used in ways that do not entrench gender bias or cause harm to women and girls, and we campaign for gender-aware approaches to Al design and governance. In 202412025 We engaged policymakers on Al policy that embeds equality and transparency from the outset. Initial outputs have influenced draft workplace Al guidelines being considered by government. We bought together an Al Experts by Experience Working Group. We hosted a panel on Feminist Al at our 2025 Conference, bringing together experts from Al and technological advancement to discuss its interplay with gender and bias. 3) Demandlng Safety and Dlgnlty In Publlc Servlces We want all public services and public spaces to protect and represent all women. We know too many are let down by public services and public sep4ants. We need representative, inclusive and supportive public services that are designed for women and girls. In 2024125.. Conducted and published extensive research "Public Harms" into the harms caused by policy, healthcare and education systems to Black and minoritised women. This report identified the systemic patterns that affected women and put forward a series of ambitious government-focussed recommendations. This project was in partnership with Black Equity Organisation. We secured commitment from Labour, Liberal Democrats. Greens and the SNP in the build up to the General Election in 2024 to make misogyny a hate crime as key tool to tacking this epidemic with the resources and cross-departmental commitment it needs. On International Woman's Day, Fawcett conducted. research with MPS to demonstrate that challenges faced by female MPS. It showcased the urgent need for modernisation of the Commons to create a modern working culture that attracts and relains talented women. Worked with Democracy Club to put a spotlight on the representation and experiences of women in local government,. we produced data in the build-up to the Local Elections to demonstrate how local governmenl candidate selection and representation lags behind Westminster. Launched a parliamentary Caucus to bring together women MPS to discuss how toensure a feminist approach to policymaking, and that cross-party MPS can support one another,. particularly important given the number of new female MPS navigating the old infrastructure and practices within Parliament. Prepared by Excluserv Ltd
The Fawcett Society Trustees, Annual Report 2024-25 We worked Benenden Health to talk to women negatively affected by unfair and ineffective healthcare, demonstrating th8 delays in diagnosis and effective support due to the systemic gender health gap in the UK. Events We continued to hold events to bring together partners, policymakers, members and local groups to discuss topical issues and Fawcett research. 2024 April= Launch of Transforming Early Childhood Education and Care: Sharing International Leamings Report Launch at Hogan Lovells, with a panel including Munira Wilson MP and Kids Chief Executs've, Katie Ghose. June.. Launch of Public Harms report at Black History Archives Centre in partnership with Black Equity Organisation. 'It was a pleasure to support your event yesterday, fhank you for allowing me to be part of your journey. You are doing some exceptional work whh will no doubt change the course of lives, Dr Alison Heydari (panellist) July.. Fawcett Talks launch Politics and Gender.. in conversation wilh Prof Sarah Childs. A member- only event about how to make Parliament more inclusive. August.. One year on from our landmark IPSO ruling against The Sun- the first ever press complaint upheld on the basis of sexism - we marked the anniversary with an event in partnership with Wilde at The Wesorks, London. 'Congratulations on such a successful, lively event, so full of positive energy, and for showing Jeremy Clarkson and every other misogynistic male they can't get away with it, Esua Goldsmith November.. AGM & Fawcett Talks.. Impact of US election with Professor Laura Beers. discussion on the impact of the US election of the lives of women and girls in the UK. 2025 February.. For a Feminist Future.. Fawcett conferen 2025 at Mary Ward House and live stream and post event recordings. Our annual conference including Jess Philips MP, Anneliese Dodds MP, Stella Creasy MP, and gender equality experts such as the Chief Executive of Women's Aid Farah Nazeer. The event was hosted by our Chair, Baroness Harriet Harman, and our outgoing Chief Executive Jemima Olchawski. The event was sold out, and we saw an increase of 100/9 in attendance. It was also our first conference that we. live streamed to improve access, and we had over 100 additional attendees online. March: FawcettTalks.' Storytelling and Activism through the Feminist Lens Metrics. Our member-only event heard from Fawcett Trustee. TV producer Daisy Ayliffe and feminist advocate Alesha de Freitas. Prepared by Excluserv Ltd
The Fawcett Society Trustees, Annual Report 2024-25 Membership and Community Membership closed at 2,589 paying members. Q3 marked the first period of sustained net growth in over three years. This followed the introduction of dedicated staff roles and a renewed focus on member benefit delivery. Over the course of the year, 399 new membersjoined. The total net attrition was 53 members. Strategic campaign alignment contributed to this progress. The Equal Pay Day campaign in November 2024 resulted in a 700/0 increase in website traffic compared to October 2024. o A focused membership push supported the February 2025 conference. Member-exclusive Fawcett Talks events were delivered in July 2024, November 2024, and March 2025. The most significant monthly gains occurred in November and December 2024, which aligned with these efforts. Our membership newsletter, FawcettFaves, was delivered every month for the first time in recent records, This consistent communication helped strengthen member connection, with open rates averaging over 50 % and peaking at 600/0 in January 2025. "l am very pleased to be a member of Fawcett and to keep in touch wilh Fawcett's excellent work via the newsletter." We strive to be member-led and to ensure our members, expertise and experiences are driving our research, campaigns and our Strategy. We commit to continue to strengthen the relationship beeen the nationa organisation and our members. Local Groups There are 12 affiliated local groups, each playing a vital role in advancing gender equality. These groups campaign on both local issues that affect women and girls in their communities and support Fawcett's national policy objectives. For example.. Fawcett Milton Keynes has taken the lead in exploring how artificial intelligence may entrench or deepen gender inequalities, linking local concerns to emerging national debates. Fawcett East London group holds regular public events, covering topics from the gender pay gap to public speaking, and awareness-raising on gynaecological health. They spearheaded the End Salary History campaign that saw employers commit to stop asking for previous salary information. Fawcett Hampshire and Isle of Wight backed and drove support for the WASPI campaign to prevent pension gender inequality. All our brilliant local groups are volunteer run., committing energy, time and expertise to events. campaigns and activities that benefil women in their area and In wider society. At Fawcett, we want to grow a women's rights movement that confronts the rolling back of our right head-on: Local Groups are integral to this ambition. Their work ensures Fawcett remains connected to grassroots activism. We are committed to supporting their development. fostering peer learning. and strengthening collaboration across the neork. Prepared by Excluserv Ltd
The Fawcett Society Trustees, Annual Report 2024-25 Brand and Communications The new brand was successfully launched in February 2025 at our annual conference and has since been embedded across all communications. The rebrand was more than a visual update; it marked commitment to building an inclusive infrastructure that is member and Local Group led. We developed a refreshed tone of voice, new visual assets, and a refined messaging framework to better connect with our key audiences and convey our values with clarity and confidence. This work was informed by supporter research, stakeholder interviews, and a review of sector best practice, The new brand has been rolled out across all channels, including digital platforms, campaign materials, corporate communications, and internal documents. Early feedback from partners, funders and supporters has been overwhelmingly posilive, with the new brand described as more contemporary, collective and aligned with our mission. The website was reskinned in line with the new visual identity. A full rebuild is planned, pending funding, which will further enhance user experience and supporter engagement. We maintained a strong media profile throughout the year, securing 461 coverage items in Q3 alone. Our voice has featured consistently across national print, broadcast and online outlets including The Guardian, BBC News, Sky, and The Times. Strategic media campaigns were delivered around key moments, including Equal Pay Day and the campaigning for commitments in the build-up to the General Election in July 2024. FaWtt continues to be seen as a trusted commentator and policy expert on gender equality, with media appearances from our Chief Executive and team contributin9 to public understanding of issues affecting women. We also took steps to diversify the voices we platform across our channels and ensure lived experience and anti-racism is centred in our communications, as part of our ongoing commitment to intersectionality. Looking ahead, we are developing a new social media strategy to strengthen our reach and impact online, and to build on the brand foundations laid this year. Strategy and Leadership The new strategy is rooted in values.. inclusive, feminist, anti-r8CiSt, evidence-based, joyful, collaborative, impactful. Jemima Olchawski stepped down as CEO in February 2025. Martha Hannan served as interim, followed by Penny East's appointrnent in May. Financial Review Overview Fawcett ended FY24125 with a deficit of £4k (vs. budgeted £183k). Unrestricted resenies, after fixed assets and designated funds are taken into account were £294k, equivalent to 7 months, expenditure. Prepared by Excluserv Ltd
The Fawcett Society Trustees, Annual Report 2024-25 Income Income exceeded budget by £131 k due to high net worth donor contributions and grant income. Membership income stabilised. with improved retention, gift aid contribution and average gift value. Expenditure Spending was £34k below budget, due to gaps in staffing post, reduced building cost5 and delayed activity. Reservès PolScy We aim to hold a minimum of three months, unrestricted reserves. Trustees review this quarterly. Prlnclpal Rlsks Key risks include income shortfall, staff turnover, and political backlash. A risk register and operational plan are in place. structure, Governance and Management Governlng Document The Fawcett Society is governed by its Articles of Association, most recently amended in 2019. Tru8teo Board The Board includes elected and ctropted members. Trustees see up to three-year terms. A merged Finance, Audit, Risk and Governance {FARGOV) Committee meets quarterly. Leadership Transition CEO Jemima Olchawski departed in February 2025. Interim CEO Martha Hannan ensured continuity until Penny East Joined in May 2025. Remuneratlon Pollcy RevEwed annually by FARGOV. Benchmarked to similar-sized charities. Staff benefits and pay policies are under review for retention and fairness. ststoment of Trustee's Responsibilities The Trustees (who are also Directors of The Fawcett Society for the purposes of company law) are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources and application of resources, including the income and expenditure, of the charitable company for that period, In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP 2019 {FRS 102). make judgements and estimates that are reasonable and prudent., Prepared by Excluserv Ltd
The Fawcett Society Trustees, Annual Report 2024-25 state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. As far as the Trustees are aware.. there is no relevant auditable information ofwhich the charitable company's audilor is unaware,. and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. The Trusteés are responsible tor the maintenance and integrity.of the corporate and financial information included on charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislations in other jurisdictions. Small company prov181ons This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. Declaratlons The Trustees declare that they have approved this Trustees. Report for the year ended 31 March 2025. Signed on behalf of the Board of Trustee8 Name.. Harriel Harman Position.. Chair Date: 19 September 2025 1£ Prepared by Excluserv Ltd
The Fawcett Society Independent Examiner's Report to the Trustees of Fawcett Society I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2025 which are set out on pages 13 to 26. Responsibilities and basis of report As Ihe charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'lhe 2006 A¢t'>. Having satisfied myselflhat the accounts ofthe company 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 your company's accounts as carried out under section 145 of the Charities Act 2011 ('Ihe 2011 Act,). In carying oul my examination I have followed the Directions given by the Charity Commission under section 145(5)Ib) of the 2011 Act. Independent examinerfs statement Since the company's gross income exceeded £250.000 your examiner musl be a member of a body lisled in Section 145 of the 2011 Acl I confirm that l am qualified to undertake the examinatlon because l am a member of the ICAEW. Which is one of the listed bodies. I have completed my examination. I confirm Ihat 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 company as required by section 386 of the 2006 Act., or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements of section 396 of Ihe 2006 Act other than any requirement that the accounts give a 'lrue and fair view, which is not a matter considered as part of an independent examination., or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accoursling and reporting by charities applicable to charities preparing iheir accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 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 accoun15 to be reached. Kevln Flsher BA FCA CTA Independent Examiner For and on behalf of Kingston Burrowes Audit Ltd 308 Ewell Road Surbilon Surrey KT6 7AL Date.. Iq Pecwu 25 Prepared by Excluserv Ltd
The Fawcett Society Statement of Financial Activities (incorporating income and expenditure account) for the year ended 31 March 2025 Unre8trlcted funds Restricted funds Total 2025 Total 2024 Notes Income and endowments from: Donations and legacies Charitable activities Other trading aclivities Investment income Income- CRJS grant Total income and endowments 510,365 3,275 31,548 10,436 92,685 603,050 3,275 31.548 10,436 448,365 21.029 73,793 6,039 1,165 550,391 555.624 92.685 648,309 Expenditure on: Raising funds Charitable activities Total expendlture 94,228 423,476 517,704 94,228 558,085 6S2,313 69,163 614,430 683,593 134,609 134,609 Net Income l (expenditure) 37,920 {41.9241 14,0041 (133,202) Transfers between funds 2,610 (2,610) Other recognised gainslllo88es): Other gainsl{losses} Net movement in funds 40,530 (44,534) 14,004) (133,2021 Reconciliation of funds: Total funds brought forward 17 274.933 137,782 412,715 545,917 Totsl funds carrled foThvard 315,463 93,248 408.711 412,715 The Statement of Flnancial Activities Includes all galns and losses recognlsed In the year. All incoming resources and resources expended derive from continuing activities. The notes on pages 16 10 26 form part of these financial statements. Prepared by Excluseni Ltd
The Fawcett Society Balance Sheet as at 31 March 2025 (Company number 04600514, registered Charity number 1108769) As at 31 March As at 31 March 2025 2024 Notes FIXED ASSETS Tangible assets 14 1,795 3.052 CURRENT ASSETS Debtors Cash at bank and in hand 15 28,895 399,687 428.582 62.375 407,024 469.399 CREDITORS: due within one year 16 (21,666) 159,736> Nel Current Assets 406.916 409.663 Net Assets 408.711 412,715 FUNDS Reslricled funds Unreslricted funds.. Designated funds General funds 17 93.248 137.782 17 21,475 293,988 3,052 271.881 17 TOTAL FUNDS 408,711 412.715 These financial statements have been prepared in accordance wilh the special provisions of Part 15 of the Companles act 2006 relaling small companies. These accounts were approved by the Board of Directors and authorised for issue on 19 September 2025 and signed on their behalf by.. Harriet Harman, Chabr The notes on pages 16 to 26 form part of these financial statements. Prepared by Excluserv Ltd
The Fawcett Society Cashflow Statement for the year ended 31 March 2025 2025 2024 Net cash flow from operating activities 117,773) (147.115> Cash Ilow from Invesling activities Payments to acquire tangible fixed assets Interest received (1,740) 6,039 4,299 10,436 10,436 Net cash flow from investing activities Net Increase I Idecreasel In cash and cash equivalents 17,337 (142,816) Cash and cash equlvalents at 1 April 2024 407,024 549.840 Cash and cash equSvalents at 31 March 2025 399,687 407.024 Cash and cash equivalent8 consists of: Cash al bank and in hand 399,687 407.024 Cash and cash equivalents at 31 March 2025 399,687 407.024 Reconciliation of net income I enditure to net cash flow from o eratln activities 2025 2024 Nel (expenditure) for the year (4,004) (133.202) Interest receivable Depreciation and impairment of tangible fixed assets Decrease I Ilncrease) in debtors (Decrease) I Increase in creditors Net ¢8gh flow from operatlng actlvitle8 110.436) 1,257 33.480 (6,039) 1,311 {19,687) 10,502 (147,115) 117,7731 Prepared by Excluserv Ltd
The Fawcett Society Notes to the Financial Statements for the year ended 31 March 2025 1) Accountlng Pollcies General Information The Fawcett Society 1$ a charitable cornpany. limited by guarantee, domiciled in England and Wales. The registered office and company registration number are as detailed on page 3. Basis of Preparation The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis under the hislorical cost convention, modified to include certain items al fair value. The financial statements are Presented in sterling which is the functional currency of the charity and rounded to the nearest pound. The significant accountin9 policies applied in the preparation of these financial statements are sel out below. These polities have been Consistently applied to all years presented unless otherwise stated. Company Status The company Is a private company limited by guarantee. The members of the company are the Trustees named on page 3, In Ihe evenl of the company being wound up, the liability in respect of the guarantee is limited lo £1 per member of the company. Reduced Dls¢lo8ure Exernptlon• The company has taken advantage of Ihe following disclosure exemplions in preparing these financial statements, a8 permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. the requirements of Section 6, Statement of Changes in Equity. Golng Concern The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concem. Income All income is recognised once the company has enlillemenl lo the income, il is probable that the income will be reived, and the amount of income receivable can be measured reliably. Grant income is deferred when there is a donor imposed or implied condition specifying the time period over which the income may be expended or in accordance with agreed budgets. Donated services or facilities are recognised when the company has conlrol over the item, any conditions associated with the donated item have been met. the receipt ofeconomic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. On receipt, donated professional seiceS and donated facilitie5 which have a quantifiable benefit, are recognised on the basis of the value of the gift lo the company which is the amount the company would have had to pay lo obtain services or facilities of equivalent economic benefit on the open market. a corresponding amount is then recognised in expenditure in the period of receipt. No amount is included in the financial statements for volunteer time in Ilne with the SORP. Expenditure Expendiluie is recognised On there is a legal or constructive obligalion to transfer economic benefit to a third party. il is probable that a transfer of economic benefits will be requirèd in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. 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 lo a single activity are allocaled directly to that acb'vity. 16 Prepared by Excluserv Ltd
The Fawcett Society Notes to the Financial Statements for the year ended 31 March 2025 Shared costs which contribute ttt more than one activity and support costs which are not attributable to a single <lCtivity are apportioned belween those activities on a basis consistenl with the use of resources. Cenlral staff cnsts are allocated on the basis of lime spenl, and depreciation charges allocated on.the wrtion of the asset's use. Fundraising costs are those incurred in seeking voluntary conlributions and do not indude the cosls of disseminating infomalion in support of the charitable activities. Support costs are Ihose costs incurred directly in support of expenditure on the objects of the company and include project management carried out at centrally. Governance costs are those Incurred in connection with administration of the rnmpany and complianGe with ¢onsts'tulional and statutory requirements. Fund Accounting General funds are unrestricted funds which are available for use at the discretion ol the Board in furtherance of the general objects of tt)e charrty and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been sel aside by the Trustees lor particular purposes. The aim and use of each designated fund are set out in the notes to the financial statements. Reslricled funds are funds which are lo be used in accordance with sppr.ifir. fp.qlrir.lions imposed by donor6 or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund are 581 out in the notes to the financial stalemenls. Stock Stock is valued at the lower of cost and net reBlisable value. Tanglble Flxed Assots All assets costing more Ihan £500 are capitalised. Tangible fixed assets are stated at cost less depreciation. Depreciation is provided al rates calculated lo write off the cost of fixed assets. less their estimated residual value over their expected useful lives on the following bases.. Fixture, fittings and office equipment 25Vo Straight line 25Q/o lo 50Yo Straight line Website costs Debtor• and creditor8 recelvable I payabl• within one year Debtors and creditors with no stated interest rale and receivable or payable within one year are recorded al Iransaction prlce. Any losses arising from impaimenl are recognised in experKlilurè. Pensions The ¢harlly contributes to a defined contributlon pension scheme. Contributions are charged to the statement of financial activities as they become payable in accordance with the fules of the scheme. The assets of the scheme are held separately from those of the charity. The charity has no Ilabllity under the scheme other than for the due payment of conlribulions. Operatlng Leases Rentals payable under operatin9 leases are charged on a str8ight-line basis over the lease tem. Taxation The charity is an exempt charrty within the meaning of schedule 3 of the Charilies Act 2011 and is considered lo pass the lesls set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meels the definition of a charitable company for UK corporation lax purposes. Local Groups The tharity has a strong and gr¢)wing netsvork of affili8led local groups who promote The Fawcett Society and campaign localty on gender inequality issues. In accordance with Charities SORP. the charity does not consolidate the results of the local groups for accounting purposes. s? Prepared by Excluserv Ltd
The Fawcett Society Notes to the Financial Statements for the year ended 31 March 2025 Critical Accounting Judgements and Key Sources of Estimation Uncertainty In preparing the financial slalements, management is required lo make estimates and assumplions which affect reported income. expenses. assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgements are inherent in the formation of eslimates. logelher with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual resutts in the future could differ from such estimates. Management do not consider there lo be any material accounting estimates or judgements that need disclosure in these financial statements. 2) Donations and legacies Unrestricted Restrlcted Total 2025 Total 2024 Grants and Trusts Membership and Donations Legacy 97,075 385.030 28,260 510.365 92,685 189.760 385,030 28.260 603,050 115,378 332.987 92,685 448.365 Analysls of Grant and Trust Donatlon8 Audit of Audits Barrow Cadbury- Public Hami$ 8arrow Cadbury Trust Esmee Fairbalrn Foundation JRSST-CT JRF ECEC Kiawah TNst Rosa Smallwood Tru81 General 2,000 29,700 (200) 500 soo 20,075 20,075 36.495 36,495 45,694 72,000 50,000 122,000 7,000 31,184 5,690 5,690 5,000 189,760 5,000 97,075 92.685 115,378 Income from donations and legacies was £603.050 (2024.. £448,365) of which £92.685 (2024.. £125,378) was attfibulable lo restricted and £510.365 {2024'. £322,987) was attribulable to unrestricted funds. 3) Charitable activities Unrastricted Restrlcted Total 2025 Total 2024 Awareness-Raising Aclivitles 3.275 3.275 3,275 3.275 21.029 21.029 All income from charitable activities was unreslrlcted for the current and prior year. Prepared by Excluserv Ltd
The Fawcett Society Notes to the Financial Statements for the year ended 31 March 2025 4) Tradlng activities Unrestricted Restricted Totsl 2025 Total 2024 Fundraislng events Fawcett Shop Commercial Participation Sponsorship and contract 18,412 478 710 11,948 31,548 18,412 478 710 11,948 31,548 890 27,398 45.500 73,793 All income from trading activities was unrestricted for the current and prior year. S) Investment Income Unrnstr6ct•d Re8trl¢t•d Total 2025 Total 2024 Bank interest 10,436 10.436 6,039 10.436 10,436 6.039 All income from investment income was unrestrlcted lor the current year. 6) Raising funds Unrestrlcted Restricted Tolal 2025 Total 2024 By Functlon.. Staff Costs Other Costs 44.075 44,075 30,002 94.228 94,228 69,163 By Actlvlty." Costs of Donations and Legacies Costs of Trading Activities 94.228 94,228 68,558 605 94.228 94,228 69,163 All ¢08ts for raising funds were unrestricted for the current and prior year. 7) Analysls of expendlture on charitsble activities Current Year Dlre¢t Staff costs Dlrecl Costs Support Costs Tolal 2025 Work 124,013 44.044 79,940 75,505 43,013 48,332 71,627 25,438 46,173 271,145 112.495 174,445 Public Services 247,997 166,850 143,238 558,085 Expenditure on charitable activities was £558,085 (2024.. £614,430) ol which £134,609 (2024.. £122,951) was attributable to restricted funds and £423,476 {2024'. £491,479) was attributable to unrestricted funds. Prepared by Excluserv Ltd
The Fawcett Society Notes to the Financial Statements for the year ended 31 March 2025 Prior Year Support costs Total 2024 Direct Staff costs Direct Costs Money Power 105.270 56.763 58,359 52,109 65.812 28.736 31.069 42.276 67,231 238.314 36,252 121,751 37,272 126,700 33,280 127,665 Gender norms & slereolypes Women's rights Covid Project 272,501 167 894 174,035 614 430 8) Governance costs Unrestricted Restricted Total 2025 Total 2024 Independent examination Trustee expenses AGM Expenses Bank Charges Other 2,238 124 2,238 124 1,998 135 9.455 621 20,679 32.888 1,057 499 1,808 5,728 1,057 499 1,808 5,726 All governance costs were unreslricled for the current and prior year. 91 Allocation of support costs Current Year Work Publlc Serrfices Total 2025 Total 2024 Governance 2,863 1,017 1,846 5,726 32,888 Staff costs 11,648 4.137 7.509 23,294 28.369 Finance 16,141 5,733 10,404 32,278 Information technology 5.480 1,946 3.533 10,959 15,381 Human resources 16,402 5,825 10.573 32,800 15.003 Admini51ralion 14,936 5,305 9,626 29,867 3.958 Depreciation 539 191 347 1,077 1,311 Office costs (incl. rental) 2.333 20.781 71,628 25.439 143,238 174,035 'Support cost allocation is basèd on the lolal spend, consistent with the use of resourc8S. Prepared by Excluserv Ltd
The Fawcett Society Notes to the Financial Statements for the year ended 31 March 2025 Prior Year Money Power Gender norms & stereotypes Women's rights Total 2024 Governance 12,705 6,851 7,043 6,289 32,888 Staff costs 10,959 5,909 6,076 5,425 28.369 Finance 21,766 11.737 12.067 10,774 Infomiation technology 5.942 3.204 3.294 2.941 15.381 Human rèsources 5.796 3.125 3,213 2,869 15,003 Administration 1,529 824 848 757 3,958 Depreciation 273 281 251 1,311 Office costs (incl. rental) 4.329 4.450 3.974 20.781 67,231 36,252 37,272 33,280 174,035 10) Net Income Nel income for the year is staled after charging.. 2025 2024 Depreciatron Independent examination Operating lease rentals 1,077 2,700 1,311 3,000 16,422 11 I Staff costs Total 2025 Total 2024 Salaries Social Security Costs Pension Costs 279,503 23,340 310,005 26.841 315,366 351.549 Slaff costs split.. Charitable Activities Generating Funds Support 247.997 44,075 23.294 315366 272,499 30,002 49.048 351,549 Prepared by Excluserv Ltd
The Fawcett Society Notes to the Financial Statements for the year ended 31 March 2025 The following numbei of employees received a gross salary beeen the below bands during the year.. 2025 2024 Number Number Direct Acttvllles 4.80 Support Cosls of generating funds 0.45 0.85 6.10 Band 2025 2024 £60.000 to £69.999 The charity considers its key management personnel compromise of The Chief Executive Officer, The Chair and Vice Chair of the Board, and The Treasurer. One member of the key management personnel Is employed and rerklved employee benefits in 2024 The Chlef Executive Officer. The lolal amount of employee benefits received by the Chief Executive Officer was £81,076 (2024 £80,346). Under FRS 102, employee benefits includes gross salary, benefits in kind. employees national insurance and employerfs pension contributions. The rest of the key management received no remuner81ion for thèir work. One member of the Executive Committee received reirnbursemenls of expenses for travel and subsistènce amounting to £124 12) Related Parties The aggregate donations from the related party totalled £40012024.. £Nil). 13> Indemnlty Insurance During the year, £2.678 12024 - £1,000) indemnity insurance was pald lo protect the charity from loss arlsin9 from the neglect or defaults of its trustees or agents, and to indemnify the Trustees and olher officers against the consequences of neglect or default on their part. Prepared by Excluserv Ltd
The Fawcett Society Notes to the Financial Statements for the year ended 31 March 2025 14) Tangible Fixed Assets Office Equipment Computer equipment Computer Software Total Cost.. Al 1 April 2024 Additions 1,577 35,046 22,801 59,424 Disposals At 31 March 2025 (1,037) 540 (11,2811 23.765 (12.318) 47,106 22.801 Accumulated Depreciation: Al 1 April 2024 Charge for the year Disposals Al 31 March 2025 1,577 31.994 1,077 (11 1011 21,970 22,801 56.372 1.077 (12,138) 45,311 (1,0371 540 22,801 Net book value: Al 1 April 2024 3,052 3,052 At 31 March 2025 1.795 1,795 15) Debtors 31-Mar-25 31-Mar-24 Accounts Receivable Debtors and Prepayments Accrued Income Rental Deposit 10,075 14,493 4,327 36,223 16,959 8,000 1,193 62,375 28,895 16) Creditors: Amounts falling due within one year 31-Mar-2S 31.Mar-24 Trade Creditors Accruals PAYE Payable 3,974 17,692 20,931 30,555 8.250 59.736 21,666 Prepared by Excluserv Ltd
The Fawcett Society Notes to the Financial Statements for the year ended 31 March 2025 17) Statement of Funds At 1 April 2024 Transfers and investment gainsl(losses) At 31 March 2025 Incom• Expenditure Current Year Deslgnated Funds Fixed Assets 3,052 (1,257) 1,795 17,000 2,500 21.295 Database Implementation SharePoint Development Total Designated Funds 17.OLY) 2,500 19,500 3.052 {1,2571 General Funds 271.881 555,624 1516,447) {16,8901 294,168 Restricted funds Barrow Cadbury- Public Hamis Equal Pay Fund JRF-CT JRSST-CT Rosa Smallwood Trust {Expert8 by Experiencè) The Kiawah Trust JRF ECEC 9,174 94,952 1669) 500 (9,674> (30,929> 64,023 669 36,495 (32,3421 (7.000) (18,914) (31,679) (4.071) 4,153 7.000 23.254 5,690 50,000 (3,279> 6,761 18,321 4,071 Total Restrl¢t•d Funds 137,782 92,685 (134.609 (2,610) 93,248 Totsl Funds 412,715 648,309 (652,3131 408,711 Restricted Fund Pur ose Barrow Cadbury - Public Harm8 To highlight black and minoritised women's experience of harm in public services Equal Pay Fund To fund the Equal Pay Advice SeNice and strategic legal work. JRF ECEC To support research on childcare reform JRSST-CT To build a neIOrk of parliamentary allies Rosa To support cross organisalional campaigning during the Gener81 Election Smallwood Trust (Experts by Experience) To enable direct working with nelworks and organlsations supported by Smallwood's place-based work to centre the voices of women directly impacted by the issues they campaign on The Kiawah Trust To support work on childcare and late(l policy areas Prepared by Excluserv Ltd
The Fawcett Society Notes to the Financial Statements for the year ended 31 March 2025 Desi nated Fund Pur ose Database irnplementation The 24125 budget included the cosls of updating the database. This project was delayed and will now lake pla in the 25126 financial year. Trustees agreed lo designate funds for the costs of the implemenlation. SharePolnt Development To SLJPPOrt the development of SharePoint as an enhanced tool for managing organisation processes Comparative inforrnation for the net movoment in funds Is a8 fo114)WS: At 1 April 2023 Transfers and investment galnsl(losse•) Income Expenditure At 31 March 2024 Currnnt Year Designated Funds Fixed Assets 2,623 40,196 42,819 429 3,052 Virgin Media 02 Total Designated Funds 2,500 2,500 (38,054) {35,6251 {6,642) {6.642) 3,052 General Funds 342,910 422,103 (525,017) 31.885 271,881 Reslricled funds Arnold Clark Global Institute for INomen in Leadership Barrow Cadbury Barrow Cadl)ury - Public Hamis Big Givè - Equal Play Equal Pay Fund Hogan Lovell Childcgre lan Maclaggart Joseph Rownlree Charitable Trust JRSST-CT Rosa Smallwood Trust {IBroken Ladders and Ethnic Motherhood Pay Penalty) Smallwood Trust (Experts by Experience) Maltby Minerva Pacey Pavers 2.000 12,000) 2,410 (1,764) (834) (20.526) (S,7) (14,916) (10,132) {10.809) <41,623) (669) {646) (13,966) 15,000 (200) 29,7IKI 9,174 12,737 109,888 (7.001) 94,952 10,000 132 10.768 41 45,694 4.071 1669 7,000 7,000 (2,163) 2.163 5,849 31,184 (13,779) 23,254 833 {833} (2,522) 611 {25.243) 2,522 611 Total Restricted Funds 160,188 125,788 (122,951) 137,782 Total Funds 545.917 550.391 (683.5931 412.715 Prepared by Excluserv Ltd
The Fawcett Society Notes to the Financial Statements for the year ended 31 March 2025 18) Analysis of net assets between funds Unrestricted funds Restricted funds Total Fund balances at 31 March 2025 are represented by: Fixed assets Current assets Creditors.. amounts lalling due within one year 1,795 348,004 (34.3361 315,463 1,795 80,578 428,582 12.670 121,666) 93,248 408,711 Comparative infomiation for the analysls of net assets between fund is as follows: Unrestrlcted fund8 Restrlcted funds Total Fund balances at 31 March 2024 are represented by: Fixed assets Cuffent assets Creditors.. amounts falllng due within one year 3,052 316,987 45,1C 274,933 3,052 152,412 469.399 (14,630) 59.736) 137,782 412.715 19) Operating lease commitments Future minimum rentals payable under non-cancellable operating leases are as follows.. 2025 2024 Within one year 4.517 4,517 Prepared by Excluserv Ltd