2022-03-31-accounts - Women Connect First

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Contents					Page
Trustees' annual report (incorporating		the	director's	report)	1-10
Independent	examiner's report to the	members
Statement	of financial activities (including		income and
expenditure	account)				12
Statement	offinancial position				13
Statement	ofcash flows				14
Notes to the financial statements					15-22

Registered	charity	name	name	Women Connect First	Women Connect First
Charity registration		number		1110834
Company	registration		number	4715832
Principal office and		registered		7 Neville Street
office				Riverside
				Cardiff
				CF116LP
The trustees
				Rajma Begum
				Margaret Mclaughlin
				Justna Muhith
				Gwendolin Chi	Ngum
				Areatha Comanescu —until 21 042022
				Kyriaki Tsioni —until 0311 2021
				Isabel Robledo	—until	31 122021
				Daxa Varsani
				Aisha Ali —appointed		24 11 2021
				Shavanah Taj —appointed 24 11 2021
Accountant				Gordon Down Accountants
				Temple Court
				13aCathedral	Road
				Cardiff
				CF11 9HA

		Unrestricted	Restricted	Endowment	Total	Total
		Funds	Funds	funds	2022	2021
	Note				6
Incoming Resources
Donations	5	420	600,819		601,239	555,522
Charitable Activities	6	70,857			70,857	75,771
Investment Income
Total Income and Endowments		71,283	600,819		672,102	631,300
Expenditure on:
Charitable Activities	8	41,914	484,625		526,540	571,279
Total Expenditure		41,914	484,625		526,540	571,279
Net income/(expenditure)
for the year		29,369	116,194		145,563	60,021
Funds brought forward		229,513	73,218	200,000	502,731	442,710
Funds carried forward		258,882	189,412	200,000	648,294	502,731

					2022		2021
Fixed Assets
Tangible Assets				13		297,310		298,258
Current Assets
Debtors				14	38,300		35,225
Cash at Bank and in			Hand	18	346,451		214,405
					384,751		249,630
Creditors:	Amounts		falling due within one
year				15	33,767		45,157
Net current		assets				350,984		204,473
Net assets						648,294		502,731
Funds
Endowment		Fund				200,000		200,000
Restricted	funds			16		189,412		73,218
Unrestricted		funds		16		258,882		229,513
						648,294		502,731

STATEMENT OF CASH	STATEMENT OF CASH	FLOWS
				Total	Total
				2022	2021
Cash flows from operating		activvities
Net Income				145,557	60,014
Adjustments for:
Depreciation for tangible fixed assets					947
Changesin:
Trade and other debtors				(3,075)	(17,723)
Trade and other creditors				(11,390)	7,383
Cash generated from operations				132,040	50,621
Interest received
Net cash from operating	activities			132,046	50,628
Net increase in cash and	cash equivalents			132,046	50,628
Cash and cash equivalents		at beginning	ofyear	214,405	163,777
Cash and cash equivalents		at end ofyear		346,451	214,405

5	Grants received				Unrestricted	Restricted	2022	2021
					Funds	Funds	Total	Total
	BAWSO							20,000
	Conununity Foundation Wales Covid		Support					10,000
	Children in Need					9,013	9,013	10,777
	CAF Resilience Fund Phase 2					93,761	93,761
	Cardiff Council - Penod Poverty					1,800	1,800
	Cardilf Council - Sununer ofSmiles					7,000	7,000
	Cardiff'Council -Winter ofWell-being					12,500	12,500
	Cardiff Third Sector Council (C3SCl					5,000	5,000
	Lloyds Bank Foundation					24,746	24,746	29,570
	Mind Coronavuus Mental Health	Response		Fund				49,427
	Paul Hamlyn Foundation							20,000
	Paul Hatnlyn Fouadation - Ditferent Voice, Different View					46,000	46,000
	Smallwood Trust and the Women Thrive Fund					48,052	48,052
	The Comperauve Store					2,742	2,742	260
	The Diversity Project Charity							2,700
	The National Louery Community	Fund - Awards For All				8,499	8,499	9,937
	Techniquest							1,500
	The National Heritage Memorial	Fund				30,000	30,000
	Third Sector ICFCapital Invesunent		Fund 2021			9,151	9,151
	Tudor Trust					40,000	40,000	45,800
	WCVA Voluntaiy Services Recovery		Fund			62,883	62,883	63,650
	Welsh Government Hate Come	Mmonty Communities						39,930
	Welsh Government Healthy and	Active Fund				75,000	75,000	148,891
	Welsh Government -Period Dignity		Strategic Action Plan			10,000	10,000
	Welsh Government Race Equality Action Plan					14,997	14,997	5,000
	Welsh Govenunent Sustainable	Social Services Third Sector				82,719	82,719	80,990
	South Riverside Community Development			Centre		16,957	16,957	17,090
						600,819	600,819	555,522
	Charitable Activities				Unrestricted	Restricted	2022	2021
					Funds	Funds	Total	Total
6	Other mcome				70,857		70,857	75,771
					70,857		70,857	75,771

Expenditure	on charitable	on charitable
			Unrestricted	Restricted	2022	2021
					Total	Total
ESOL teacher				5,814	5,814	4,383
Bad debts						985
Bank charges						10
Board expenses				79	79	211
Activity costs				32,815	32,815	54,779
Staff and volunteer		training		4,625	4,625	2,836
Staff&volunteer		recruitment		9,597	9,597	572
Publicity &	networking			1,029	1,029	6
Staff travel				807	807	3,209
ITcosts			742	3,969	4,710	20,793
Project evaluation				6,915	6,915	6,188
Project overheads				7,130	7,130	3,917
Rates			987		987	690
Broadband			547		547	333
Telephone			2,078	4,473	6,550	10,552
Repairs and	maintenance		2,490	3,140	5,630	7,068
Light &heat			2,996		2,996	1,948
Printing stationery		and postage	2,198	1,200	3,398	3,736
Sundries			292	350	642	229
Insurance			1,362		1,362	714
Equipment	costs		369	9,339	9,708	13,169
Volunteer expenses				14,125	14,125	19,184
Childcare			5,319	12,320	17,639	14,808
Consultants			3,926	25,473	29,398	37,087
Accountmg	and legal		1,853		1,853	1,853
Interpreting	and translations			243	243	512
IT Class				3,888	3,888	3,435
Management	fees			33,094	33,094	47,310
Maths tutor				558	558	765
Motor expenses			697	2,140	2,837	8,351
Wages			15,113	290,643	305,756	293,598
Room hire				10,863	10,863	6,301
Sponsorship						800
Depreciation			948		948	947
			41,914	484,625	526,540	571,279

9	Net incoming	resources	for the year	for the year
	Net incoming	resources	are stated	after charging:		2022		2021
						Total		Total
	Depreciation						948	947
10	Staff Costs
	The total staff	costs and	employee	benefits are analysed	as follows:
						2022		2021
	Wages and Salaries					280,554		265,427
	Social Security costs					15,195		15,065
	Employer contributions		to pension	plans		12,971		10,139
						308,721		290,631

The average head count ofemployees during the year wa employees during the year is analysed as follows:	s 18(2021: 151The average number offtdl time	equivalent
	2022	2021
Number ofstaff	17	19
Full time equivalent		13

13	Tangible Fixed Assets		Land dr	Fixtures	TOTAL
			Buildings	&Fittings
	Cost
	At 1 April 2021		295,415	17,346	312,761
	Additions
	At 31 March 2022		295,415	17,346	312,761
	Depreciation
	At 1 April 2021			14,503	14,503
	Charge for the year			948	948
	At 31March 2022			15,451	15,451
	Net BookValue
	At 31March 2022		295,415	1,895	297,310
	At 31March 2021		295,415	2,843	298,258
14	Debtors			2022	2021
	Trade debtors			1,170	1,610
	Prepayments and accrued income			37,131	33,615
				38,300	35,225
15	Creditors: amounts falling due within	one year		2022	2021
	Trade creditors			9,623	19,416
	Accruals and deferred income			18,726	13,862
	Soctal security and other taxes			5,418	11,879
				33,767	45,157

16	Analysis ofcharitable funds								At I April	Income	Expenditure	At 31March
									2021		f	2022
	Unrestricted funds
	General funds								229,513	71,283	41,914	258,882
	Restricted funds
	BAWSO COVID-19 BAME Support								8,380	0	8,380	0
	Chddren in Need								3,789	9,013	3,789	9,013
	CAF Resilience Fund Phase 2								0	93,761	18,528	75,232
	Cardiff Council - Period Poverty								0	1,800	1,800	0
	Cardiff Council - Summer ofSmiles								0	7,000	7,000	0
	Cardiff Councd - Winter ofWell-bemg								0	12,500	12,500	0
	Cardiff Third Sector Council (C3SC)								0	5,000	5,000	0
	Lloyds Bank Foundation for England			n	Wales				13,395	24,746	27,830	10,310
	Mind Coronavtrus Mental Health	Response				Fund			0	0	0	0
	Paul Hamlyn Foundation								16,508	46,000	51,008	11,500
	Smallwood Trust and the Women	Thrive Fund							0	48,052	18,398	29,654
	The Co-operative Store								260	2,742	3,002	0
	The Diversity Project Charity								2,700	0	2,700	0
	The National Lotteiy Community	Fund			—Awards		for	All	0	8,499	8.499	0
	Techniquest								1,500	0	0	1,500
	The National Hentage Memooal	Fund							0	30,000	9,451	20,549
	Third Sector ICF Capital Invesunent			Fund		2021			0	9,151	9,151	0
	Tudor Trust								16,895	40,000	26,930	29,965
	Virgin Money Foundation - Heart ofthe				Commumty			Fund	0	0	0	0
	WCVA Voluntary Services Recovery			Fund					8,676	62,883	71,558	0
	Welsh Govenuuent - Healthy a Active				Fund				0	75,000	75,000	0
	Welsh Government - Period Dignity		Strategic Action					Plan	0	10,000	10,000	0
	Welsh Government -Race Equality		Action			Plan			0	14,997	14,997	0
	Welsh Government —Sustainable	Social			Services		Third Sector		0	82,719	82,719	0
	South Riverside Community Development					Centre			1,114	16,957	16,382	1,689
									73,218	600.819	484,625	189,412
									General	Restricted	Endowment	Total
17	Analysis ofnet assets between	funds							Funds	Funds	fund	Funds
	Tangible tixed assets								97,310		200,000	297,3 I0
	Current assets								195,339	189,412		384,75 I
	Creditors - less than one year								(33,767)			(33,767)
									258,882	189,412	200,000	648,294
										At I Apr		At 31filar
18	Analysis ofchanges in cash and cash				eqvialents					2021	Cash flows	'ie22
	Cash at bank									214,405	132,046	346.451