2023-03-31-accounts - Women Connect First

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Contents					Page
Trustees' annual report (incorporating		the	director's	report)	1-9
Independent examiner's report to the		members			10
Statement offinancial activities	(including		income and
expenditure account)
Statement offinancial position
Statement ofcash flows					13
Notes to the financial statements					14-21

Registered	charity	name	Women Connect First
Charity registration		number	1110834
Company	registration number		4715832
Principal office and		registered	7 Neville Street
office			Riverside
			Cardiff
			CF116LP

Principal office and re office	gistered 7 Neville Stree Riverside Cardiff CF116LP	t
The trustees
	Rajma Begum	—until	6032023
	Margaret Mclaughlin		—until 9032023
	Justna Muhith
	Gwendolin Chi	Ngum
	Areatha Comanescu		—until 21 042022
	Daxa Varsani
	Aisha Ali
	Shavanah Taj
Accountant	Gordon Down	Accountants
	Temple Court
	13aCathedral	Road
	Cardiff
	CF11 9HA

		Unrestricted	Restricted	Endowment	Total	Total
		Funds	Funds	funds	2023	2022
	Note	6
Incoming Resources
Donations		3,423	504,103		507,525	601,239
Charitable Activities		103,467			103,467	70,857
Investment Income		66
Total Income and Endowments		106,956	504,103		611,059	672,102
Expenditure on:
Charitable Activities	8	49,367	590,651		640,018	526,540
Total Expenditure		49,367	590,651		640,018	526,540
Net income/(expenditure)
for the year		57,590	(86,549)		(28,959)	145,563
Funds brought forward		258,882	189,412	200,000	648,294	502,731
Funds carried forward		316,471	102,863	200,000	619,335	648,294

				2023		2022
Fixed Assets
Tangible Assets			13		296,678		297,310
Current Assets
Debtors			14	96,747		38,300
Cash at Bank and in		Hand	18	275,062		346,451
				371,809		384,751
Creditors:	Amounts	falling due within one
year			15	49,152		33,767
Net current assets					322,657		350,984
Net assets					619,335		648,294
Funds
Endowment	Fund				200,000		200,000
Restricted	funds		16		102,863		189,412
Unrestricted	funds		16		316,471		258,882
					619,335		648,294

STATEMENT OF CASH	STATEMENT OF CASH	FLOWS
				Total	Total
				2023	2022
Cash flows from operating		activvities
Net Income				(29,025)	145,557
Adjustments fom
Depreciation for tangible	fixed assets			632	948
Changesin:
Trade and other debtors				(58,447)	(3,075)
Trade and other creditors				15,385	(11,390)
Cash generated from operations				(71,456)	132,040
Interest received
Net cash from operating	activities			(71,390)	132,046
Net increase in cash and	cash equivalents			(71,390)	132,046
Cash and cash equivalents		at beginning	ofyear	346,451	214,405
Cash and cash equivalents		at end ofyear		275,063	346,451

5	Grants received					Unrestricted	Restricted	2023	2022
						Funds	Funds	Total	Total
	Children in Need						500	500	9,013
	CAF Resibence Fund Phase 2						37,920	37,920	93,761
	CarditTCouncil - Penod Poverty						2,000	2,000	1,800
	Carditf Councd - Summer ofFun						5,000	5,000
	Cardifl'Council - Summer ofSmiles								7,000
	CarditT Council - Wmter ofWell-bemg								12,500
	Cardiff Third Sector Councd - Cafe						5,000	5,000	5,000
	Cardiff Thud Sector Counml - I-lomework			Club			3,000	3,000	5,000
	Lloyds Bank Foundation						27,250	27250	24,746
	National Grid - Commumty Matters	Fund					10,000	10,000
	Older People's Commissioner for Wales						3,000	3,000
	Paul Hamlyn Foundation - Ddferent	Voice, Diflhrent			View		47,000	47,000	46,000
	Rosa - Voices flom the Frontlme						7,000	7,000
	Smaflwood Trust and the Women Thrive		Fund				7,112	7,112	48,052
	The Co-operative Store								2,742
	The National Lottery Commumty Fund - Awards For				Afl		10,000	10,000	8,499
	The National Hentage Memonal Fund								30,000
	Third Sector ICFCapital investment	Fund		2021					9,151
	Tudor Trust						40,000	40,000	40,000
	Wales & West Utilities - Carbon Monoxide			Vulnerabdity			11,745	11,745
	WCVA Voluntary Services Recovery	Fund					5,979	5,979	62,883
	Welsh Government Child Poverty						4,995	4,995
	Welsh Government Equahty & Inclusion		Programme				13,883	13,883
	Welsh Government Healthy and Active Fund						74,999	74,999	75,000
	Welsh Government - Period Dignity	Strategic Action			Plan		9,999	9999	10,000
	Welsh Government Race Equality Action		Plan						14,997
	Welsh Government Sports4AR Gmnt						24,910	24,910
	Welsh Government Sustainable Social Services Thud				Sector		85,468	85,468	82,719
	South Rivemd» Community Development			Centre					16,957
	Zurich Commumty Trust						17,500	17,500	16,957
							454,260	454360	622 776
	Charitable Activities					Unrestricted	Restricted	2023	2022
						Funds	Funds	Total	Total
6	Other income					103,467		103,467	70,857
						103,467		103,467	70,857
7	Investment income					66		66

Expenditure	on charitable	on charitable
			Unrestricted	Restricted	2023	2022
					Total	Total
ESOL teacher				6,046	6,046	5,814
Board expenses						79
Activity costs			9	40,577	40,585	32,815
Staffand volunteer		training	163	7,376	7,539	4,625
Staff&volunteer		recruitment	3,425	14,549	17,974	9,597
Publicity &	networktng			1,831	1,831	1,029
Staff travel			5	1,099	1,103	807
ITcosts			745	4,009	4,754	4,710
Project evaluation				17,210	17,210	6,915
Project overheads				14,778	14,778	7,130
Rates			1,094		1,094	987
Broadband			246	425	671	547
Telephone			3,978	6,895	10,873	6,550
Repairs and	maintenance		12,271	3,225	15,496	5,630
Light &heat			4,795		4,795	2,996
Printing stationery		and postage	2,865	947	3,813	3,398
Sundries			775	112	887	642
Insurance			1,665		1,665	1,362
Equipment costs			2,825	931	3,755	9,708
Volunteer expenses			250	4,219	4,469	14,125
Childcare			1,420	11,411	12,831	17,639
Consultants			2,836	15,278	18,114	29,398
Accounting	and legal		4,203	420	4,623	1,853
Interpreting	and translattons			731	731	243
IT Class				3,996	3,996	3,888
Management	fees			55,368	55,368	33,094
Maths tutor						558
Motor expenses			1,157		1,157	2,837
Wages			4,010	352,456	356,467	305,756
Room hire				26,462	26,462	10,863
Sponsorship				300	300	0
Depreciation			632		632	948
			49,367	590,651	640,018	526,540

Net incoming	resources	for the year	for the year
Net incoming	resources	are stated	after charging:		2023		2022
					Total		Total
Depreciation						632	948
Staff Costs
The total staff	costs and	employee	benefits are analysed	as follows;
					2023		2022
Wages and Salaries					315,674		280,554
Social Security costs					24,915		15,195
Employer contributions		to pension	plans		15,878		12,971
					356,467		308,721

The average head count ofemployees during the year employees during the year is analysed as follows:	was 14(2022: 18).The average number o	ffull tim	e equivale	nt
	2023		2022
Number ofstaff		17		17
Full time equivalent		12

13	Tangible Fixed Assets	Tangible Fixed Assets	Tangible Fixed Assets	Land &	Fixtures	Total
				Buildings	&Fittings
	Cost					g
	At 1 April 2022			295,415	17,346	312,761
	Addhticns
	At 31March	2023		295,415	17,346	312,761
	Depreciation
	At 1 April 2022				15,451	15,451
	Charge for the year				632	632
	At 31March	2023			16,083	16,083
	Net Book Value
	At 31March	2023		295,415	1,263	296,678
	At 31March	2022		295,415	1,895	297,310
14	Debtors				2023	ZOZZ
	Trade debtors				10,190	1,170
	Prepayments	and accrued income			86,557	37,131
					96,747	38,300
15	Creditors: amounts		falling due within one year		2023	2022
	Trade creditors				27,057	9,623
	Accruals and	deferred income			8,214	18,726
	Social security and other taxes				13,881	5,418
					49,152	33,767
						20

16	Analysis ofcharitable funds	Analysis ofcharitable funds						At I April	Income	Expenditure	At 31 March
								2022		8	2023
	Unrestricted funds
	General funds							258,882	106,956	49367	316,471
	Restricted funds
	Children m Need							9,013	500	9,513	0
	CAF Resilience Fund Phase	2						75,232	37,920	113,153	0
	Cardiff Council - Period Poverty							0	2,000	786	1,214
	Carditf Council - Summer ofFun							0	5,000	5,000	0
	Cardiff Thud Sector Councd	- Homework					Club	0	3,000	673	2,327
	Lloyds Bank Foundation for	England			tk Wales			10,310	27,250	17,778	19,782
	National Grid - Community	Matters			Fund			0	10,000	10,000	0
	Older People's Commissioner	for		Wales				0	3,000	3,000	0
	Paul Hamlyn Foundation							11,500	47,000	28,476	30,024
	Rosa - Voices from the Frontline							0	7,000	0	7,000
	Smallwood Trust and the Women			Thnve		Fund		29,654	0	29,654	0
	The National Lottery Community			Fund -		Awards for All		0	10,000	9,423	577
	Techmquest							1,500	0	1,500	0
	The National Hcntage Memorial			Fund				20,549	23,213	43,762	0
	Tudor Trust							29,965	40,000	39,965	30.000
	Wales A West Utihtim - Carbon			Monoxide			Vulnerabihty	0	15,283	15,283	0
	WCVA Voluntary Services Recovery				Fund			0	5,979	5,979	0
	Welsh Government Child Poverty							0	4,995	4,995	0
	Welsh Government Equality	tk Inclusion				Programme		0	27,766	27,766	0
	Welsh Government - Healthy	n	Active Fund					0	74,999	74,999	0
	Welsh Government Sports4AII Grant							0	48,201	48,201	0
	Welsh Government —Sustamable			Socml Services Thud Sector				0	86,385	86,385	0
	South Riverside Community	Development					Centre	1,689	7,112	8,802	0
	Zurich Community Trust							0	17,500	5,559	11,941
								189,412	504,103	590,651	102,864
								General	Restricted	Endowment	Total
17	Analysis ofnet assets between		funds					Funds	Funds	Fund	Funds
	Tangible fixed assets							96,678		200,000	296,678
	Current assets							268.945	102,863		371,S09
	Creditors - less than one year							(49,152)			(49,152)
								316472	102,863	200 000	619,335
									At I April		31March
18	Analysis ofchanges in cash	and		cash eqvialents					2022	Cash flows	2023
											f.
	Cash at bank								346,451	(71,389)	275,063