## ## ## ## |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|| ## ## ## |8|Expenditure|on charitable|on charitable|activities||||| |---|---|---|---|---|---|---|---|---| ||||||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|