REGISTERED COMPANY NUMBER: 05664659 (England and W•le8) REGISTEREL) CHARITY NUMBER: 1118613 Roport oltho Tru8t••8 and Flnanclal 8tat•m•nts for th• Yur End•d 31 D•GOrnbor 2023 for WQMENQTHewELL Knox Cropper LLP Chartered Accountants and Statutory Auditors 153-155 London Road Hem81 Hempslead Hertfordshire HP3 9SQ
WOMEN THEWELL Contènts of the Flnanclal Stat&mgnts for the Year Ended 31 DeCemr 2023 Page Roforence and Admlnhtratfvo Dotall• Report ol th• Truste 2 to 11 R•port ofthe Indep•ndent Audltorn 12 to 14 8tstsmont of Flnanclal Actlv5tl•• 15 Bolance Sh•et 18 Cash Flow 8tstsm•nt 17 Nots• to tho Ca•h Flow Stat•mont 18 Not•• to th• Fln•n¢lal 8tstsm•nt• 19 10 27
WOMEN THEWELL R•ferenco and Admlnlgtratlve Dètalll for th• Yoar Endfjd 31 Decgmbor 2023 TRUSTEES Sr S Browne Dr A Daughton (appolnted 1.10.231 F Dick Sr K Heron Sr B Holm88 M Meatcher J Morris Dr A RovAands A Geatrell {resign¢d 5.12.231 REGISTEREO OFFICE 54.55 Birkenhead Strogt 'ng$ Cross London 1H 888 REGISTERED COMPANY NUMBER 05664859 IEr¥Jland and Wale81 REGISTERED CHARiri NUM8ER 1118813 AUDITORS Knox CropFer LLP Chartered Accountant8 and Statul(Yy Audit(Jr8 153-155 London Road Hemel Hemp¥lgad H8rtfordshire HP3 9SQ Page 1
WOMEN THEWELL IREGISTEREO NUMBER: 056646591 Report ofthe Trustees for the Y8ar Ended 31 D•cember 2023 The trustees who aTe also directors of the charity for the purposes of the Companies Act 2006, wesent their report with the finanaal statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Char.es.. Statement of Recommended Practice applicable io charities preparing their accounts in accordance wth the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191. 08JECTIVES AND AcnMnES ObJectlvos and alm8 Women al The Well is a support service fc women faong multsple disadvantages and social exclusion, based in the King's Cross area of central London. Wè have a specialism in workn'ng Mlh women whosg lives are affected by pr051ilulion. trafficking and felated forms of sexual exploitation. Our work 15 delivered at our day c¢nlre in Kings Cr0s5 ond through a small outreach team who meet women on the streets acro London, It is holistic, trauma Informed and a unique, open-ended offef to some of the most marginalised women In London. We also 8eek to Influenr the opinion of everyone who can improve aitiludes and pcAicy toward8 these women. Including put4ic sector professiona13, pdicy makers 8nO the public, La$1 year there were 2,048 vi$i1s lo our erop-in centre. More than 500 women acces8ed some form ol advice or 5UPPOrt from our support worker5, and our outreach team roached 424 women Sn different parts of London. We estimale that last year more than half of the women stayed safe and m8de 80me form of progress across different area8 of Ihthr lives (including secure houslNJ, support with addlcllon8, re81oring famlly reLglion8hip8, cessing heatthcare and morel following our support. Our charltabl• object8 'To promote the benefit of the women Inhabltanls of England and Wales ond in p8rticu18r vulnerable women by Ihg relief of those who are in need, hardship or dist$6, the advancement ol good hoalth, the proviwon of safe place and advice training and 8UPPOrt 8ervice8 and by assisting in the provision ol education, Ifaining and 8UPPOrt in finding employmenl.. Our Curr•nt Stratoglc Obloctlvo• Our vl8lon 1$ a $ociely in whith all women are empowered to achleve their full polentlal free from di8cnminalion. abuse and neglect. Our mlsslon is lo work towards full abolition ol pr081ilulion. Groundad in Catholic Sorial Tea¢hing, we seek to 6nsure that all women trapped in prDstrtuljn a given hope and are supported lo see that an allwnalive future is possible. Through our eviden¢0 boged exemplgr mojel, we provide women with cOmpen61¥e support lo exil prostitution. Our Strateglc Oblectlves are: 1. To provide proactiv&, supportive services lo women involved in, or al risk of bgcoming involved in, proslilulion and other aspects ol the sex trade, meeting women where they are.. 2. To provide a 3peGi81is1, trauma responsive service in a creab've and supporb've environment,, 3. To enable women lo develop suslalnable exit $tralegi8s from involvement in pro8trtulion and the complex cycle8 of abuse that il is assoaaled th", 4. To support extern81 agencies, vthom women at risk gularty encounter, lo improve and develop their practice, with a view lo improving the services and 8UPPOrt available lo women who are seekino lo exit yoslilulion., 5. To work al a local, n81ional and inlemats"on81 level to abolish the system of proslilutson, end the sexuol expLoitab'on of women, and promote the effective exiling services. Page 2
WOMEN@THEWELL (REGISTERED NUMBER., 05664669) Report of the Trustee5 for the Year End•d 31 D•¢omber 2023 OWECTIVES AND ACTIVITIES Slgnlflcant activiti•s Our 2023 Actlvltles In pursult of tho•e ObJectIv. A. Support services for women faryng disadvantage and rf8k of sexual explollalon In order lo achieve our objectives clustered around women al risk of harm, we daliver 8 SLiile of three support services which oim lo reach a5 many wornen as we can where they afe. These are.. a dropin contre, support and advocacy service operating (Krt of the drop-in centre. and an outreach 8eryice meelw new and known women across London, Thg womgn who us• our servlce - we work women vtho u8ually face a range of dISaantageS. They may be homel888 or in insecure housing (almost all of the women we work wthl, have mental he81th problems an(Vor addictions, They often h8ve histori88 of meStiC 8n¢Yor sexual abu8e 180% of the women we work with tell us Ihisl, ond often have family problerns and fewer social connection8 than others. A disproportlonale number of the womèn have a disability. and many have phy&cal health problems which they may be strugglin9 to access hèathc8re for {our yupport workery are now providing support to access routine healthcare In about 40% of the women's case81. In laon lo pr08b"lutlon and the duster of sexu81 exploitab'on practs'ces around 11, we work with women who are trafficked lo London by organI8ed criminal gang5 who move Ihem quickty around temporarily rented proporties with alarming levg18 ol threat and harm., women eng8ged in street prostitution in several London neighbourhoods, %thich c8n be hh risk and usually involves extremèly excluded women," women exploited through 'sex for rent. 8nd '$uNival sex. wh¢r¢ $exu81 8Cts are exchanged, for basic material needs and 88fety,' women expenencing the forced occupation Iknown as 'cuckOn9') ol their flats for exploitative purposes, and where sexual coerclon often feal¢Jr88'. aTra women ft>rced into begging, drug runs and shop-lifting for indiwduals and gangs vtho move them around. l. Drop4n Centr• Our purposfrbuild women-only drop.in centre localed very close io Klng's Cross 8laUon Sn central London Is open four doys 8 week (Monday - Thur8dayl from 12.30pm lo 3.30wn. Women can visit wiiftr)ul appointment and accesB a widg range of basic material needs 8Upp cost-free.. food, hol drink8, showers, 18undry. dolh¢$. Theffj are o¢1iwties organlsed every day whlch are designe(I to be genJe and 8 way of being invofved with others and chatting if you want lo, but without intrusion lo why you have come lo Ihg centre. The88 activib.es a heaf(h and wellbèing basèd and fange from Craft, manicuffjs, jèwellery-making and gardening through lo reflexology. yoga and m8S88ge. There Is no Ilmil lo the number of limes a woman may vlsit tha centre. Women are not pre88ured to and never obllged ID undertak8 8dvocacy and 8ddilion81 support if they do not want lo,. the drop-in 8ervice is wilhoul conditions. The drop-in centre is run by paid Staff and 8 group of long-seNng volunteers. In 2023: there were 2,048 visits to our drop-ln centre which is open four day8 a week for around 49 weeks of the y¢ar. Th¢so visits were wmen vlsil often and women who had never vi8lted before They received food, dolhes. a private place to Sh¢ver, 8 laundry seNice, Irapeut acliwlies and access to any level of advice they might want. 11. Support •nd Advocacy from our Klngs Cross base A sm81119am of four advocacy and 8UPPOrt workers work from our base In King8 Cr088 above th8 drop-in centre They work on a one-to-one basis with VKJmen who h8ve indicated th81 they want support to address practi1 and sometimes personal problems that are preventing them moving on", these might be related lo ousing. addrtic8. abuse including abuse in childho, ham In wo8if(ulion, mental andlor phy8Scal health, criminal histories, famity problems induding e81raroement, and much more. Working in a trauma informed and holistic way, our team supports women lo set out some goals and a plan for how ID gel there, and then they provide emotional support and accompany women through many of the steps. Team member3 have a wide ronge of knowledge and expertise in the Gomplexilies that wornen presenbng often face, and work lo build trust. The style of the work is critical il 15 unrushed, there is no pressure or judgement, no condi(ions, and we move al women's changing pace. Page 3
WOMEN THEWELL (REGISTERED NUMBER: 056646591 Report of the Truste95 for th• Year Ended 31 Decemb•r 2023 OBJECTIVES AND ACTIVITIES The support we provide indudes". referral$ into safe hougng,. listening and advice on help related lo domestic and sexu81 abuso., ' sign-posting lo legal advice,. 8dvice around benefiis, budgeting and grants., sign-posting and some support lo nawgate access lo healthcare., . access lo hdislic therapie8", advocacy and support for victims of sex tr8fftking and modem 818very, Including appro8¢h arKI 8UPWt through the National Referral Mechanism., ' advice for women seeking asylum, including no recourse lo publi¢ funds., . trauma Infom)ed emotional support.. ' support into training. employment & voluntsry rk. In 2023: The progress women moke when we work wth them 1$ of course related lo unique and cc4nplex rcUm8lans for every irKllvidual, but 8811mate that each of OLtrr athocacy and 8UPPOrt worker8 at any one time.. . ha8 significant personal contact wilh m¢ye than 60 women al any one time for ba8lc Support and ched( In., . Is building long-lerm 8UPPOrtive relatnshIPS with around 20 wcmen vA)ère th08e women feel krwm, cared for and gnabled lo tske next slep5', Is doing intensive casework with the8e 20 women vthen they are reody to Irusl, which 18ad8 to posllive outcom8s for th088 wom¢n in areas including secunng accommodotson, wglfare 8UPPOrt, healthcare and making soclal connect+ons. whlch all stand a good chance of being long.lèm and 8•¢urod. 111. Outrnach Servlco A 8mall team of threè outreach support workers visil different part8 of Lc4>Jon and take ref8rra18 from extem81 8lalulory and volunt8ry 8gencie8. They go to areas where women 8re rough-sleeping. and lo hostels and other settings vtherg gxcluded women m8y be found, and 191 them know about our seNice and what we ¢an 8UPPOrt them lo try lo do. Our organisalion began moffj than 20 years ago as an oulreach Service yrkIng out of the baek of a vln In Ea81 London neighbourhoorJ8 where there was slrtst prosltulion. Outreach gnd golng lo ere women are remalns a core feature of our wort. The outrexh team workers conduct Some &imilar 8thococy lo the King8 Cr088 based laam bul th women who do nol want lo or are not able lo come lo the cènlre, ie long-term, one-lo-one, holistic support towards goal8 for mov1ng on. They also do wdfawe checks, make ¢ri8i$ referrals inio other 8gencies (including housiry and addictions), and work closely with local authority le8my, other chorilies 8nd somth'mes the poli lo be vigilant over the safety of some very vulnerable women. Last year the outreach team worked hundred5 of early moming, late night and day lime shffts across more Ihan ten London Boroughs, on many of which the tèam are oulslde 8nd meeting homelgss women. and women are 'sof8-8urfing' for example and commonly mi98ed by the rough-sleeper count$. They worked with partners induding the loc81 authorty rough sle&F¢fs 1gam8, and visitirvJ rwi and krthyn women vkno are at nsk of exploitation. Thi8 work Include(J'. practical and material support given induding cbthes, hot drink¥, kn'letries. transport help, and advice on rl9his lo emergency accommodatson., ' support for'hard lo reach wornen, in the ccffimunrty lo acces8 thar mental healthcaro gnbuemenl., ' visit to properties where women were'exchanging for sex., offering emotional and practical support,. work wlh a local authority Gangs Team where sexual exploilats'on I posslble prosb'lution had teen flagged., and possible trafficking of young Romanian women being moved around properties. Our team advised the police on safe and trauma infomied approach, and acfvocaled for the women during and after police ath"on.' we have continued to track down women Ihal other services find hard to reach th81 weare homeless. rough slee.ng or ¥ofa surfing in the community lo let them know of a¢comm¢tr.0n offers and assessments they would otherwise be unaware of., Crisis and long.lerm support lo women subj8ded lo sexual violence who do and ths not pursue criminal justice., Page 4
WOMEN THEWELL (REGISTERED NUMBER: 066646691 Report of tho Trustees for the Year Ended 31 December 2023 08JECTIVES AND ACTIVITIES engagornent in new strategic partnershlps with 181inglon and Camden lo address roUgh-eepin9 women's need5 Iwe are a VCS partner for this workl. In 2023: the outreach team did 740 wdfare check8 Iln per8( and en the phone),. %K*rked 163 earfy moming, doy and night time shifts in the community," mel 153 women they h8d have never mel before on these shifts, and 271 women they already knew.. provided practical material support Ifo(>J, clothing, hol drinks, loiletries, travel support) lo 221 women,. and gave alc8 on referrals (for housing, welfare, addiclionsl lo 322 wom¢n. B. TraSnlng othgrn to Improv• th0Sr r•spon88 to women affocted by prostltutlon and sexual éxploltauon We alm lo Inffluence other fronUine prof¢ssional$ the women using our support services 0n¢ounler because this can potentially have a mulb'plyin9 effect on the way women are undèrstood and Ire8led vthen they present in other very diffenI settings leg from housing workers lo police, soual worker8. ho8lel8, different parts of health and morel This remains an intentional part of our strategy and aims, bul we undertook le¥s of thi5 work in 2023 as we focused on keeping the 8UPPOrt service al full 8lrenglh and some significant intsmal Iran•'licffl linduding the departure of our fcunder CEO and recruitment and inductlon of new CEO). In 2023: we provlded infom$llon and tralning 510n5 for rew police recrutts In the C8mden area of the London Metropolltan Police. Thero were six of these session8 through the year with 8Tound 25 recrull8 attending each lime lio 150 police officers). The se53ions indude information on the frontline service we deliver and the need8 ol the women vtho use them. This creates important conversations with these recruits about the nature of prostitution and sexual exploit8llon In our locality.. it commonly Indudes explonng how women are not "lo blame" for the 8IIu81ions they might be in. Running Ihe8e se88ion8 al80 means that we eel a larye number of the new recruits in our borough aThJ beyond, vtho may then be more likely lo reler wornen to u$, tdl women about us, G811 us for advice. C. Campalgnlng to change law. pollcy and atiitude• toward• pro8tltutlon and •exu•l explolthtlon A key part of our mission Is to contribute lo the movement vthich aims to end and prevent abu8e of vLimen in pr051ilubon lor good. Vvorking from our knovAedge and experlence a8 pr8Ctilioners. where we ob8eNe the harms ol proslrtulion and its ch8nging scale and nature in our area and beyond, we aim to bring ihig knowledge lo local, nationol ond intemational pollcy makers vknere we con add value lo the di8CU58ion. In 2023, we worked to.. Innugnc• Internatlonal oplnlon on pro¥titutlon: In 2023 we hosted an official 'p8rallel event, al the UN Commission on the Status of Women. In partnershlp with CAP Inlemalional, Space Intemalion818nd Or Gail Dines (renowned expert in the harms of pomographyl This was chai by our CEO Lynda Dearlove. Our event explorod the links befften pornography and pr08ts'1utlon, e8peoally the way In which MOgraphY availability and usage is related to demand for prostitution, something policy makers at every level are not exploring. Our event wag vgry well attended and highlighted our versatility a5 an organi881ion. We would like lo thank our partners in this event and their brave voices dernanding more for women and girl8. In 2023 we also participated in the Geneva-ba3ed European section of CSW, giving us unique insghl into intsmalional efforts and policy-making in this area and a voi ce on a European scale lo advocate lor abolitionist legislation. Page 5
WOMEN THEWELL (REGISTERED NUMBER: 056646591 Report of tho Trust808 for thg Year Ended 31 Oec•mber 2023 OBJECTIVES AND ACTIWTIES Build partngrshlps and alllances.. Women at The Well ¢onlinued lo be a key UK representative in the most active international alliance in this area, the Coalition for the Abolrtion of Prostilulion. We a being supported by CAP lop undertake a project calle(I 'Time for Aboiftion" where we are working wlh an expert lawyer to review the stsle of UK18w and policy in this area. We also helped provide the secretariat for key survivor-led prostitution advocacy organizalion SPACE Inlemational during 2023, and played a vital role in mentoring their new Director. We alsD continued lo work with other partner organisalions including UK Civil Soaety Women's Alliance IUKCSWAI, the Nats'onal Alliance of Women's Organisalions, NalSonal Board of Catholic Women INBCW), European Women's Lobty (E1. and Canta$ Social Action Network ICSANI. And were delighted lo be supported by artist Claudia Clare, who produced arts¥ork themed around proslblutlon and 113 harms. Th15 was exhibited at London Art Fair. where we w6w guests and invtsd to sFeak ats1 the campaigns lo alSh prothtulion . Tronds and obBervatlons In 2023 We experienced higher than ever demand for all our 8UPPOrt 8eNces in 2023. We attribute this to multiple macro local 8nd n8lional factors. the economic deprivation created by ongoing CD81 of IIng pressures., extreme hou&ng pressure in Camdgn and 181ington lour home and Clo¥1 neighbour borough), 88 well a8 across London. whkh is also $lill enomiously impacted by well.Inlenlioned pandemic policy lo 'move everyone in,, but whose legacy 18 many womèn who now have tenanc3 bLrt litue addltlonal support to manage Ihom., hostile environm1 immigration anol asylum polioes whlch leave Irafflcked and other at r18k migrant women in de8trtulion and willKJLrt confidence in their rights lo protection,. 81 pres8ure8 on multiple publlc 8eNic88 whith leads lo 1Ve ratk)ning and m8klng Ihege seNi¢¢$ te$s accessible to vulnerable women wlh complex needs leg around 40% of the women we support around 40% of thè women using our services lo acces8 different health services, from primary care lo denlislry, ho8pitsI care and mental he8llh'. th18 wa$ not the case in the recent past 8n¢J v* believe pressures in Ihe8e services afe maklng acces8 harder).. the unabaling demand from m8ny men to U86 women in prostituts'on and to sexually exploit womén via 8 v&riety of cc4rcive and decepttve mean8. In the conlexi ol high8r demand for our services, and mindful that we are a relative small ch8rity with finite resoum$, wo have manoged to maintain our aim of not building up wailing-lists. Thi8 18 necessary in other comparable chanlie5 we know, in order lo fairly apportion finite yuppgrt, bul w? are concemed that the creation and knowledge ol actual warting-lisls lo access our 8(fvoc8cy or outreach would have an extremely delrimenta5 effect on the women faang multiple disadvantages Ihal we are trying lo reach. The message that you will need lo wail a while, even though you took the step ol saying you do want support, risks Igiting dovm women 0 might not reluin again. To achieve thi5 have both focused our people and finanrAal re¥ourco$ on the support service5, and been CatiVe in responding lo demand by tying aur diffent serviees closely together, pooling the mini support teams when necessary. and encouraging women to attend daytime acliwlies for a vgry short whi19, as a place lo knobwn and to tslk, just for a short period before an thocacy worker esn start to m8ke a plan wrth them. Our Impact- How we know we aro achlevlng our alms ile the nature of our VK)rk supporting women is individually qu81itstNe in nature, we tske care lo measur8 all our delivery both qualitalivety and quanlilab'vely. We keep counts of wornen using all our serviTrs, and we track progress th81 they make as far as is ethical, rea80nable and non-intrusive Bacause there are monitoring challenge5 in our work, and ComeX background contexts, we are careftjl to relate this lo everyone who needs lo understand ((. induding funders. Page 6
WOMEN THEWELL (REGISTERED NUMBER.. 056646591 Report of tho Trusteos for the Year Ended 31 Dec&mbèr 2023 OBJECTIVES AND ACTIVITIES Specifically, we record counts of numbers ol women using each seNice in an intemal system (see above 8ethons1, and we Store and analyse case-files lch can trad( progress in paid-for softsre, which we are all trained lo use and whlch has compliant dats protection and security We also evaluate our work by conducting regular frontline staff focus gTOUPS. lo collect observats'ons of emerging trerS and needs, and we ask the women using the servicg for feedback via mixed methods (V1h thought to appropriateness and being non-inlrusivel. Although it 18 very difficult lo separate Ihg impaci of our support from other external contexts, we e51imale that more than half of lh& womèn we worked with 1851 year were encouraged and enabled lo keep themselves safe a8 8 result of working wlh and being in touch vllh us, and that more than half of the women mad¢ some other progress they had been Seeking leg in rel"on lo their hSIng, health 8nd family relalionghip81. Wè also seek feèdback frorn peers and partner ofganisalions. Last year we w8re sought out as a partner for new women rough Sleeper inilialives in Camden and l¥lington. We were approached regularly by the local police for advice 8nLI 8180 10 accompany then on 8clions (which we wll agree to only when there ale 5c4id guar8nle88 of respect lor women's dghts and safety 8nd a trauma Informed approach). We are frequently told by the women we work wih that they could not have accessed help from other 8gencies ¥thOut us land had often tried to before and failed). We are told by the8e same agenaes that our accompaniment makes all the difference. Publlc n•t In Gompiling our annual repjrt, we have had regard lo the Charity CmIsSIOn,8 guidanc on publlc benefit. Our dropin centre prodeS mal¢rfAI and pra¢tlcal Support lo women need Y(, often faclng d8Stllution. AS well as 8llevlaling Immed181a needs related to hunger, wamilh, c01hIng and porsonal hygiene, we offar advice on 88me day emergency accommr>a8ts'on and other energency inleNents'on$ (including wglfore related and police proteth'on where relevanll. There were MO than 2.000 vigltg lo this Service last yèar. Som8bmey we 8re making link8 betsveen other l(Kal 8ervices who are not initially the ones women seek out or tsnder818nd they ¢an go lo. We are meeting basic material need8 and improving acce88 lo other eerylces Includlng 8talutOry 88NkaB. Our One-lOne advocacy 8UPPDrt 8ervices enable women lo feel supported and able to make ¢hange8 In their lives.. ihey also make them aware of their rights and enlillemenls and more able lo access health, welfare and other 8ervice8. Our oulreaeh work under thi$ medel reaGhe$ women whom often no ono else 18 tyirvj lo reach and offers them a chance to work on hou8ing security, health and more. Cumulatively, this work and the changes il can le&a lo in women'8 lives, may help lead lo reducllons in drug use and ils $orial and ecOrMIC con8equences, reductions in use of the crirnln81 Iugtice system, and reduth.ons in use ol 8morgenGy medicine. 11 can also lead to improved long-lemi health 8nd wellbeing, improved famlly relalionships, less lonelines5, snd many women's better understanding of their rights and entillemenl8. In 8Fe8klng up lor wc#))en in our advocacy work we are odvanting the human rights and equality af women In legal and pollcy environmènt that 1$ still less 3[X•n$1v¢ lo women'8 rights and nee(18. For ex8mple. homele88 women have speafic gerKJered neèds and should in most cases be offered safe. women only accommod81ion, bul this does not often feature in public provision. Drug rehabilitation services also often fail to factor in women's speuflc experiences related lo addiction and recovery. Lal and social responses to prostitution and the 8peclrum of sexual exploilalon practices around il are also failing lo recognise women's specific experiences and need8. Our publ advocacy work 18 part of improving resFrtt for women's rights at every level of government and in saoety more broadly. Pe7
WOMEN THEWELL (REGISTERED NUMBER.. 056646591 Roport oftho Trustoes for the Year Ended 31 Decomb•r 2023 STRATEGIC REPORT Flnanclal posltl¢)n During thè year there were total income of £746,007 12022.. £691,116) and tot81 expendrtUTe of £858,395 1£650.4441. Further deta518 of grant income can be found wlhln note 2 to the accounts. l expenditure supports th8 key 0.eCtiveS ofthe charity as describ8d above. As stated within the R88erve8 Policy below, the nature and quantty of re8erve8 wlll reviewed on a regular b•sis and adjusted to rdect any thanggs in the Charitvs financial position. The trustee8 arKI Senr staff COnder rt a pnority lo secure slrflent income to ensure the long-lerm future of the Charity. Rer1 pollcy The Trusleeg have adopted a polig vtherety the unrestricted re88r¥e8 held by charity 8llow for Ihreg months of budgeted axpendilufe In the event of a funding shortfall.. The tot81 re8eN88 of the chanty 8131 December 2023 We £217,912 12022.. £130,300), of which £23,274 12022. £63,028) were held in restricted fund8 The unrestricted funds lotalled £194,638 12022., £67,2721.Th18 leaves the charity wlh free reserves Ib8ing unrestricted fund8 k888 those invested in fixed a88etsl of £193,523 12022.. £65,681). Golng concem After making appropdale enquirle8. the TTuBlees have a re880ft8ble expectation th81 the Charily h88 adequate resources lo continue in operational existence for the foreseeable future. For this reason, they onlinue to adopt the going Goncem b88is in preparing the financial stslements. Page 8
WOMEN THEWELL (REGISTERED NUMBER: 056646591 Roport of the Trustees for the Year Ended 31 Dècembèr 2023 STRATEGIC REPORT Prlnclpal rlsks and uncortaintlgs The principal risks to the charity vthi¢h the trustee5 identify are.. Flnanclal ¥ustalnablllty failing lo secure adequate income in a competh've charity funding erNironment', osl of living related cos15 increases leg ulilitses and project costs, as well as salaries). Failing lo socure 6nough ineome against ¢JU r budgeted costs would put al sen'ous risk.. Service conbnuity.. Staff recruitment and r&lenb'on', Holding secure reserves Governancè - failing to maintain a board of skilled tm$lee5, meets'ng regulaty and stsying ahead of strategy. outcome monitoring, staff and financial management. This would put at serious risk.. Core complianeÈ, Sncludlng heallh & 88fety, and 8afeguardlng Quaifty seNice delivery Sound team management practice8 Sound finanry81 menagement 8nd therefore finar181 8ecurty Oporatlonal rl$k8 related to serrflce dellvery from our preml808, indudin9. 8aleguardlng relalad,. Health and Safely on our premises., personal security af all staff and volunteer8 related lo potential lunlikely bul P05siblel challenging incidents with 8eNice users.. volunteer recruilmenl and relenlion,. 8enior Staff apots'lrtylperformance Operatlonal rlsk8 related to servlco dellvery away Irom our premlsos (outreach toaml, induding.. personal salety ol s18ff when on late nighvearly morning shffts,. personal safety ol women approached by our Raputatlonal rl8k• - Di88ppe8fance of, ham to or wor8e of cllenl *oman %tho we have been Suppon9' funder related rewlalkinal damage,. crluclsm ol opèrallons andlor policAa8 by Bignlficanl extemal influential personls I The Irusle98' risk management 8lr8legy indude¥ a fvll risk register detalllng the nature of these d8k8 and more, their likelihood. rniligalion rneasure8 and where appropriate record of who Is responsbble and thebr cessary actions by date. The key mits'gation measures in rglalion to the risk5 listed above 8ro.' Detailed lundr8ising strategy with re8118lc resource behlnd it and elose 8ttenllon and pArticipth'on of Senior leaders and board," c108e ino)me monlloring and re-foreca81ir Renewed attenbon lo quality govemance including" recruilmenl by skills need., induction prfrJramme for all new trustees, and opportunitie8 to refsh know4edge and skills for longer 8eNing trustees,. Iruslee coae of conduct includes minimum expected partidpation levels Comprehensive OTational risk planning and management, multiple ensuing poliaes {including Health & Safvty, Safeguarding, Complaints, VVhi8tleblowngl', these are reviewed regularly by Senior leaders and the board accordiro lo a policy schedule.. these are made active, through regular di8CUS8ion wlh le8m member8 STRUCTURE, GOVERNANCE AND MANAGEMEiir Governlng document The charity is controlle¢l ty ils goveming document, a deed of tru81, and constltules a limited company, limited by guarantee, as defined by the Companies Act 2006. Page 9
WOMEN THEWELL IREGISTERED NUMBER.. 05664659) Report ofthe Trustees for tho Yg•r End•d 31 Decembgr 2023 Women at The Well is a company limited by guarantee bmlh A¢1¢$ of A$SlatIOn 18gislered al Compani85 House. 11 is also a registered tharity in England & Wales. Orlgln8 and governance Women al Th8 Well was founded by and conts.nues to be supported by The Sisters of Mgrcy. an ord8r of Roman Catholic nuns. Womon 81 The Well delivers support seNices lo women in a secular manner, trying hgrd lo ensure that all women can feel welcome. Staff and volunteers are women of all faiths and none. Al governance and stralggy & planning level, Catholic Social Teaching, which Ggnl¢rs especially the dignity of every individual and tha duty of everyone lo make dignity o lived reality for others. provides a crtts'cal guide for the board of tru8te88 8nd our org8ni8ational strategy. R•crultm•nt and appolntm¢nt ol nw trustsos The slruclufe of Wornen at The Well's board is ¢Jewxibed in 118 Artides of A8soclalion. The board Should Usually indude three delegates Irom the Institute of Our Lady ol Mercy, and can include ts¥o delegates Irom the National Board of Catholic Women. Other members of the board are co-opted by exi81ing board mgmbers, wlh an emphasi8 of the Skills needed lo protect and oversee the orgarsi8ation. Truslegs 8erye three year terms. It 18 expecled th81 trustees will undertake training and a be8poke inductlon programme. Thi8 18 condition of appoinlmenl. Trustees meet at le881 flve lime8 por year. AJI Iru8tee8 are volunteers and recei no remuner81ion from or in conn•cb'on with the tharity outside of roagonable Itrgvel etcl expenBe8. Organlsatlonal structur• The governance of the organi8atiCn 18 undgrtaken by the board of trus1998. Thg Iru81986 delegate r¢$pon$ibility for the day to day managomenl of the charity to the CEO. Thè Organi5alional Strategy is the key tool for the governance and m8nagemonl of the charlty. 1118 development by the trustees, CEO and Staff team log8lher, consulting womtrn who us¢ the 8eTvice, and 18 the key tool lor p18nning priorities and Irad(ing delivery. Financial management 18 ovwseen by the treasurer and significant decisions on finance are made following recommendations and consultation btheen thè Ir&8$urer and board, and the CEO and Senior staff, 8TATEMENf OF TRUSTEES, RESPONSIBIUTIES The Iruslees (who are a150 the directors of Women th8well for the purp0888 of company lawl are responSie for preparing the Report of the Trustee5 and the finanaal 8talemenls In accordance wlh applicable lèw 8nd United Klngdom Accounting Standards Iunited 'ngdoM Generally Accepted Accountir Pfactic*l. Company law requires the Iruslees lo ppare finandal 81atemenls lor each financial yaar which give a Irug and fair view of the slate of affairs of the charit8ble comp8ny and of the Incoming resources and application of r¢sourc&5. including the income and eXnditUre. of the ch8ri18ble company for thèl period. In preparing those financial 8lalements, the Irusts8s are requirod lo select sUrt8e sccounting polues and then apply them consislenlly., observe the methods and prinaples In the Charlly SORP., make judgemenis and e8tlmales that are reasonable and prudent,, stale thelher applicable accounting standards have been fdlowed, subject lo any material departures disclosed arKI explained in the finanu81 stalements,. prepare the finanoal st8lements on the going concem b88is unles8 rt 18 Inappropriate lo psurne that the tharitable company will continue in business. The Iruslees are responsible for keeping proper accounting records which disdose with reasonable accuracy at any ts'me the financial position of the ch8ritat4e company and lo enable them to ensure that the financial statements mplY wlh the Companies Ad 2006. They are also responsible for safeguarding the assets of the charitable MpanY and hence for taking reasonable steps for the wevenb.on and dglection of fraLKI and other Irregulanlies. Page 10
WOMEN THEWELL (REGISTERED NUMBER: 056646591 Roport ofthe TrustO0$ for tho Year Endèd 31 Oec•mber 2023 STATEMENT OF TRUSTEES. RESPONSIBILITIES- contlnued In so far as the tNytees are aw8r8'. there Is no relevant audit infomatson of whi¢h the Gharitsble company's auditors are unaware,. and the Iruslees have taken all stèps that they ought lo have taken lo make themselves aware of any relevant audrt infomialion and lo establish th81 the auditors are aware of that Informathc. AUDITORS The auditors, Knox CroFper LLP, will be proposed for re-appointment al the forthcomlng Annual General Meeting. Report of the 1ru8le88, incorpor8llng a 8tr8leglc report, approved by order of the board of truste88. as the company directors, on 17 September 2024 and Signed on the board's behalf by". Dr A Oaughlon. Trustee Page11
Report ofthe Independent Audltors to the Mèmbets of Women@thewell Oplnlon We have audited the financial statements of Wornen@IheAtll Ilhe 'CharItab eompanYI for the year ended 31 December 2023 vthlch comprise thè Slalem¢nl of Financial Activities, the Balance Sheet, the Cash Flow Stalemenl and notes lo the finan¢ial sialemenls, including a summary of significant accounting policies. The financial reporting framewoth that hgs been applied in their preparation Is applicable law and United Kingdom Accounting Standards IUnf(ed Kingd(xn Generolly Accepted AOUntIng Pr&tleel. In our opinion the financial 8lalemenl5'. give a true and fabr view of the slate of the charitable companls affairs as al 31 Decembèr 2023 and of ils incoming resour8 and apicatiOn of resources, induding its income and expendffure, for the year then gnded., have been woperly wepared in accordance wilh United Kingdom Generally Aecepted Accounting Pr?ctic•,' and have been prepare¢J in a¢Mrdance wth the requirements of the Companies Act 2006. 8a•ls for oplnlon We conducted our 8udil in accordance with Intemalional Standard8 on AditIng IUKI IISA8 IUKII and applicable saw. Our re5ponsibililies under those slandards are further described In thè Auditors, responsibllilie8 for the audit ol the linancial slalements section of our report. We are independent ol I tharilable company in accordance wlh the ethical requlremenls that are relgvanl lo our audit of the financial stèlements in the UK, induding the FRC'S Ethical Stsndard, and we have fulfilled our other ethical re8pon5its.liliey in accordanca wlh Ihe8e requirements. We believe th81 the audil evidence wè have obloin¢d 18 sufficient and 8ppropriale to provide a basis for our oplnlon. Con¢lusk>n¥ rolatlng to golng concem In auditsng the financial slatgmenls, w? have concluded th81 the trustees, use of the going Concern basiB of accounting in the preparation of the financial slaternents is appropriate. Based on the wot1¢ we have Ferfomied, we have not idenb.fièd any m81eriBI uncertoinlie8 re1811ng to event8 or conditions Ihal. individualty or collects'vely, may cast significant doubl on th• tharilable companys a.Ity to continue as a going concem for a persod of atlgasl ts%lve month8 from when the fin8nuo1 statements are authori8ed for issue. Our re8wn6ibiliti88 and the re8ponsibilth.es of the Iru8tèès with mspoct to golng concem a de8cribed in the relevant section8 of this POrt. Othèr Inforniatlon The tru$lèè$ aro responsiblè for th& other information. The other informailon comprlses the infomalion included in the Annual R8POrt, othèr than the financial slalemenls and our Report of the Independent Audilor8 thereon. Our opinion on the financial statements doe8 not cover th8 otrr infomalion arKI, except lo the extent otherwise expliouy slated in our report, we d) not expre68 any fom of a8surance condu5ion ther¢on. In connection with our audit of the financial statements, our responsibility 18 to read the other Information and, In doing 80, consider whether the other information is matenally inconsistent with the fin8na8181alements or our knowledge obtalned In the audil otherwise appear5 to be materially misstated. If we identify su material inconsistencies or apparent m8leri81 misslalemen15. we are required to tjetermine whether this gives rise lo 8 material misslatemenl in the financial statements themselves. If, based on the work we have performed, we conclude that there 18 a maten'al misstalemenl of th58 other infomalion, we are required lo report that fact. We have nothing lo report in this regard. Oplnlons on other matters prescrlbed by the Companres Act 2008 In our opinion, based on the work un¢Jertaken In the course of the audit.. the infomialion given in the Report of the Trustees for the fin8noal year for which the finoncial statements are prepared is consislenl wlh the financial 5tatemanis', and the Repyi of the Trustees has been prepared in accordance wlh appliCae leg81 requirements. Page 12
Report of the Independent Audltors to the Members of Women hewell Matters on which are requlred to report by exceptlon In th& light of the knovAèdge and understanding of the charitable company and 115 envlronment obtained In the course of the audit, we have not identified material misslatemenl8 in the Report of the Trustees. We have nothing to report in respect of the followirvJ matters where the Comp8nies Act 20C6 requires us to r•port lo you if. in our opinion.. ad8quale aceounling records have not been kept or relums adequate for our audit have not been received from branches not visited by us., er the finanaal statements are not in agreement wlh the accounting record8 and relums., or certain disclosu8 of Iruslees, remuneration sp8cified bylaw are not made," or we hove not received all the infomialion and explanations we require for our 0j. Re8ponsSbllltle8 of tru8tee8 AS exp18ined more fully In the Slalernenl of Truslee8' Responslbllllies. the Iru81ees Iwho are also the direciors ol the chafilable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a Iruo and fair view, and for such intsmal control as the Iru8lees delermlne Is necessary to enable the preparab'on of finanGio1 slalemenls that are free from malerlal m188tatement, whethor due to fraud or error. In preparing the financial stalemenls, the trustee8 are re8ponsible lor aSSeng the charitaNe companV8 8bilty lo conts'nue as 8 going concern, disclosing, as applicable, matters related to going concem 8ThJ using the going ¢on¢ern ba$1¥ Of a¢untIng unle8¥ the Iru¥lee8 either intend lo Ilquidale the choril•ble ¢ompany or lo cease operations. or have no reallslic altemalve bul to do . Page 13
Report of the IndepDnd8nt Audllors to the Member5 of Women hew•ll Our respon8ibilltl89 for the audlt of the financial statemgnts Our objectives are lo obtain Teasonable assurance about wheiher the financial statements as a DIe afe free from material misslatemenl, whether due lo fraud or error, and to issue a Report of the Independent Auditors that indudes our opinion. Reasonable assurance Is a high16vel of assurance, bul is not a guarantee th81 an audit conducted in accordance wth ISAS IUKI will always detect a material misstatement when it exists. Misslalemenls can arise from fraud or error and are considered material rf, Individually or in the aggregate, they could reasonably be expected to influenrk the economic decisian8 of users taken on the basis of these fin8nrAal slal8ments. The extent lo whlch our procedures 8re capa& of deleciiNJ irregularities, including fraud is detailed below.. Irregularities, Including fraud. are In5tsn¢os of non-compliancA8 vllh and regulatlon8, We de&gn procedures in line th our responsibilitiès, outlined above, lo detect material mlsstalemenls in respect of irregularities, induding fraud. The extent to which oui procedure8 are capable ol detecting irrè9ularikn'es, includlno fraud is detailed below., . The Charitable Company 18 required to compty wlh toth company law and charity 18w and, based on our knovAedge of its activitr"e8, we identified that th8 legal requifemenl lo 8ratelY a¢¢ounl for restricted funds W85 of key significance. Wè gained an understanding of h)w the chantse eompany complie¢S with its leg81 and regulatory frarrework, Including the requirement lo properly aceounl for reslrlcted funds, through di8CU88lon8 wlh monagemenl and a review ol the documented policie8, procedures and controls. The audit team, which 18 experlenced in the audit ol charitie8, considered the charitable comp8nV5 8uscepb'bility lo material mi6Stalemenl 8nd how fraud may ¢xcur. Our con8lderatlon8 Indudéd the risk of management ovgrridg. Our approach was lo check th81 all restricted income was propèrfy id&nlified and separately accounted for and lo ensure th81 only v81id and appropriate expenditure was charged to restricted fund8. This induded r8vi•vlrvJ loufnal adju6tment8 and unu8Uo1 trnnssction8, There are inherent limitations in the audit prdureS described above and, the further removed non-compli8nee with law8 and regul81ion8 is from the events 8nl Irgnsach'ons reflected in the finaneial 51alemenls, the less Ilkely we would beme aware of it. The risk of not dgtecting 8 material mi88latement due lo fraud is higher than the risk of not detecb'ng one resulting from error, 8$ fraud moy involve deliberate concoalrnenl by. for example, forgery or intentional misrepresenlalions, or through collusion. A fvrth¢r ée5criplion of our respon&bilili88 lor the Budit of the fin8nci818talemenls is Ioc81ed on the Financial Reporting Council's webBil8 al www.frc.org.ukJaudilDrsre8ponsibililies. Thi5 description fom8 Part of Ouf Report of the Indepen(kn)l Auditors. Uso ofourrgport This rgport is mode solely to the charitable company'$ m$mbeT8, as 8 bcdy, In accordanco WTth Chapter 3 of Part 18 of the Companies Act 2006 Our audit work has been undertaken so that we might 8ts1è lo the charitable companls members those matters we are qUIred lo stale lo them in 8n 8udilor8' report and for no other purpoge. To the fullest extent pemiitted by law, we do not accept or assume Tesponsibilily lo anyone other than the ch8rilable company and the charitabb company's memters as B body, for our 8LKIit work, ftjr this report. or for the opinlons we have formed. stephen Ander8on (Senior Statutory AL*Jitl for and on behalf of Knox Cropper LLP Chartered Accountants and Slalutory Auditors 153-155 London Road Hemel Hempstgad Hertfordshire HP3 9SQ 17 Septwnber 2024 Pag& 14
WOMEN THEWELL Statement of Flnanclal Actlvluos for th8 Ygar End•d 31 Dec•mb8r 2023 2023 Tol•1 funds 2022 Total lunds Unreslricted Reslricaed fund fur¥J8 Not88 INCOME AND ENDOWMENTS FROM DonatnS and legacies 439.574 234.366 673,940 625,504 Other trading acts'vilies Inveglmenl income Other incorne 21,848 46,076 4,144 21,848 46,075 4.144 58.517 7.095 Total 611,641 234,366 748,007 691.116 EXPENDITURE ON Raising fund8 36,328 35.328 34.416 Charltable actbvlU•8 Basic Needs Support & Ailvocacy Lif¢ Sknll$ Health & Wellbeing Outreach Support & Rg1¥lionship8 101,244 80,569 6,986 86,639 227 107,230 167,208 447 104,185 221,833 893 4,000 161,861 123,256 55,821 111,093 188,445 12.823 224.266 123,916 Total 384,275 274,120 658,396 650,444 NET INCOMEIIEXPENDITURE} 127,366 {39.7041 87,812 40,672 RECONCILIATION OF FUNDS Tot81 fiJnd8 brought forward 67.272 63,028 130,300 89.628 TOTAL FUNDS CARRIED FORWARO 194,638 23,274 217,912 130,300 The notes fom part of these financial statemen18 Page15
WOMEN THEWELL IREGISTERED NUMBER: 056846591 Balanco Shogt 31 ¢•Mr 2023 2023 Total funds 2022 Total fund3 Unre8trict8d fiJnd Reslrlcby fvnd8 Notes FIXED ASSETS Tangible assets 12 1.611 CURRENT ASSETS Debtor8 Cash al bank 13 66,181 173,263 65.181 223,371 52,828 104,861 SO,108 238,444 $0,108 288,552 157,689 CREDITORS Amounts falling dué withln on¢ year 14 144,9231 126,832 171.7661 129,1J)01 NET CURRENT ASSETS 193.521 23,276 216,797 128,689 TOTAL ASSET3 LE88 CURRENT LIA8ILITIES 194,838 23,278 117,912 130.300 NET ASSETS 194.636 23,276 217,912 130,300 FUNDS Unrestricted fund8 Restricted funds 15 194,636 23,276 67,272 03,028 TOTAL FUNDS 217,912 130,300 The finand81 statements were approved by the Board of Tru8lee8 aTra aLrthori88d for 188ue on 17 Septembgr 2024 and woro Ngned on 115 behav by.. A Daughton- Trusl¢o The fom part ofthese financial statements Page16
WOMEN@THEWELL Cash Flow Stat•mont for the Year Ended 31 Decombgr 2023 2023 2022 Notes Cash flt)ws from operntlng actSvltleffj Cash gonoraled from operab'ons 119,371 140,6291 Nel cash provided tyllused inl operalirrfj activities 119.371 140,6291 Cash flow8 from Inve8tlng actlvltle8 Purchase of langit48 ffxed a88et8 Interest recelved 11,0381 1TI 127 Nel cash (used inllprovidgd by investing acb'Mbg5 1861) 127 Change In cash and ca¥h equlvalgnts In thè reportlng perlod Cash and cash oqulvalont8 at tho b•glnnlng of thè rnportlng p•ilt)d 118.510 140,5021 104861 145,383 Cash and cash •qulval•nt• at the Ond of tho roportlng porlod 223,371 104,881 The notes form p8rt of these fin8rt181 $18lemenls Page17
VMEN THEWELL Notes to the Cash Flow Statement forth8 Y•ar Endgd 31 December 2023 RECONCILIATION OF NET INCOME TO NÉT CASH FLOW FROM OPERATING ACTIVITIES 2023 2022 Not Incom& for the roportlng perlod la8 p•rthe Statsm•nt of Flnanclal Actlvities) AdJu8tments for.. DepreiiatKJn charges Intere81 reeÉwad Increase in debtors Increaselldgcrease} In credllors 87,812 40,672 1,536 11771 112,3531 42.764 1,515 11271 (19,5451 163,1441 Not calh provld•d bylluied In) op•ratlonB 119,371 140,6291 ANALYSIS OF CHANGES IN NET FUNDS A11.1.23 Ca8h flow At31.12.23 Not cash Cash al bank 104,861 118.610 223,371 104.861 118,J510 223,371 Total 104.861 118.510 223.371 Thg notgs form part of these financial statements Page 18
WOMEN ThEWELL Notes to thg Flnanclal Statemènts for the Year Ended 31 Decemb•r 2023 ACCOUNTING POLICIES Ba$ls of prep•rlng tho fln•ncl•l ststements The financial statements of the tharilable Gompany. whith 1$ 8 publi¢ benefit enuty undef FRS 102. have been prepared in accordance with the Charities SORP {FRS 1021 'Accounling and Reporting by Chantses., Statement ol Recommended Practice applicable lo chafilies preparing their accounts In accordance with the Financial Repo.n9 Stsndard applicable in the UK and Republic of Ireland IFRS 1021 leffects've 1 January 20191,, Finanaal Reports'ng Standard 102 The Financial Reporting Standard applicable in the UK and Republ of Ireland, and the Companies Act 2008. The financkal statements have been prepared under thg hisloncal cost convention. Inc¢me JI income is recognised in the Statement of Flnanckgl Acti.83 once the charity has entillemenl to the fvnd8, il is probable th81 the income will be received and the amount can bg measured reliably. Expendlture Liabilities 8re recogni8ed as expenditure as soon a8 there is a legal or conslrudve obligauon committing the charity lo th81 expenditure, it is probable that a transfer of economic benefits will be required in 8etUemenl aThJ the amount of the oblig81ion can be mgasured reliabty. Expenditure IJ accounted for on an accyuals b4519 and has been clasfied under h¢ading8 Ihal 8ggw8le all ensl related lo the category. Where c051s cannot be diredy attrlbuled to particular haadings tY have ten allocated lo pKtivilig¥ on • b8815 consi8tenl with the u8e of reBource8. T•nglble flxod as¥gts Depreciation 18 provided al followng annual rates in order to write off egth as8el over Its tImated U8¢ful life. Plant and machlnery Flxture8 and fittin98 10% on cost 25% on cost Taxatlon The charity is exempt from corporatlon lax on its tharflatl? a¢livili. Fund accountlng Unrestricted fund6 can be u8ed In accpjrdance wlh the tharitable obiectlves at the dlscretion of the Iru8tee8. Re8tricted fund8 can onty be u88d for particular reslncted purpo8e8 within the o*cts of Ihe charlty. Restricti¢)n5 anse when speafled by the djnor or wn funds ar• raised for particular re8lri¢ted purposes. Further explanation ol the nature arKI purp08e of exh fijnd is Included in the notes lo the finonaal $181om8nts. P•nglon costs and oth•r post-rntlremont bfrn•fits The charitable company operates a ¢Jefined contribution pension scheme. Contributions payable lo the charbtable company's penson $theme ar¢ charged lo the Stslemenl of Flnancial Activib'es in the period lo which they relate. Page 19 continued...
WOMEN THEWELL Noto5 to the Flnanclal Slatgments- contlnu•d forthe Year Ended 31 D•¢ombor 2023 I)ONATIONS AND LEGACIES 2023 2022 Donations Grants 62.573 021,367 35,207 590,297 873.940 625,504 Grants receivgd, induded in ihe al. are as follow8.' 2023 2022 Other grants 621.367 590,297 OTHER TRADING ACTIVITIES 2023 2022 Fundrain9 o¢livili8g TrainiNJ Con8ultancy 630 20,830 21,848 INVESTMENT INCOME 2023 2022 Rents received Deposit account intere8t 46,898 177 58,390 127 46,076 58,517 RAISING FUNDS Ral•lng don•tlon8 and l•gael•• 2023 2022 SUb8criponS Gonsullancy 198 35,130 216 34,200 36.328 34,416 Page 20 continued...
WOMEN THEWELL Notss to the Flnanclal Statomgnls- contlnugd for tho Yoar Ended 31 Docombor 2023 CHARITABLE ACTIVITIES COSTS Support Gosts {see nol& 7} Direct Tota18 8a8ic Neods Support & Advocacy Life Skills Outreach Support Policy & Relationships 61.679 111.562 447 168.621 105,366 66.661 55,646 107.230 167,208 447 224,266 123.916 55.645 18,550 437.670 186.492 623,067 SUPPORT COSTS Governance co$15 Managemenl Finale Totals 88$i¢ N¢¢d$ Support & Advocacy Outreach Support Pollcy & Rel81ionshlps 63,737 53,732 63.731 17.912 22 23 23 1,892 1,891 1,891 630 66.661 56.646 56,645 18.560 179,112 76 6.304 186,492 Activity ManageMt Finan¢e Governance cost8 Ba&s of all¢xalion Based on eslim8le8 usa9è of re8ourc88 Based on ¢$limalo$ u$ag¢ ol resource8 Based on estimatès usagè ol resource$ NET INCOMEIIEXPENDITUREI Not incomellexpondiknrèl is ststod after ¢harginWlu•dits'ngi'. 2D23 2022 Audllors, remunerallon Depreaalion- owned asset8 6,100 1.534 12,800 1,515 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneratson or oiher benefits for the year ended 31 Decemt•r 2023 nci for the yoar ended 31 December 2022. Truste. 0xn$e$ 2023 2022 Truslges, ?xpense8 204 22 Page 21 continued...
WOMEN THEWELL Notes to th• Flnancial Ststgmonts . contlnued lor tho Year Ended 31 December 2023 10. STAFF COSTS 2023 2022 Wages and salarie8 Social securty costs Other pen3ion costs 430.777 32.238 21.731 409,609 36,061 21,686 484,746 487,336 The averagg mcfjth nurnr of employees during th& year was as frloW8.. 2023 15 2022 14 staff No employe•9 ro¢eived emolumen18 in exc8s8 of£60.000. 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AGTIVITIES Unrestricted fvnd Reslrfcted funds Total funds INCOME AND ENDOWMENTS FROM Donalic118 and legacies 440,127 185,377 625.504 Inve8lmenl incomo Other income 58,517 7,095 58.517 7,095 Tot41 505,739 185.377 691.116 EXPENDITURE ON Ralsing fund8 34,418 34.418 Chlrltable actlvlti 88&c Needs Support & Advocacy Life Skills Health & Wellbeing Outreach Support Policy & Rg181ion8hip8 97,185 145,798 893 7,000 76,037 104,185 221,833 893 4,000 181,881 123,256 4,000 38,223 475 123,638 122,781 Total 524,709 125,735 850,444 NET INCOMEIIEXPENOITUREI {16,9701 59,642 40,672 RECONCILIATION OF FUNDS Total lunds brought forward 86,242 3,386 89,628 TOTAL FUNDS CARRIED FORWARD 67.272 83,028 130,300 Page 22 continued...
YIOMEN THEWELL Notes to the Flnanclal Statements - contlnued fortho Yoar Ended 31 December 2023 12. TANG18LE FIXEO ASSETS Fixtures and flth'ng8 Plant and machinery Tot818 COST Al 1 January 2023 Addibons Disposals 29,632 31,823 1,038 12,4551 61.355 1,038 12.4551 Al 31 December 2023 29.632 30.406 59,938 DEPRECIATION Al 1 Janu8ry 2023 Charge lor ygar Eliminated on di$posal 29.532 30.212 1,534 12,4551 59.744 1,634 12.4651 Al 31 December 2023 29.532 29.291 68,823 NET BOOK VALUE Al 31 December 2023 1.11fj 1.116 Al 31 December 2022 1,811 1,611 13. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2023 2022 Trade d8bloryJ other debtor8 Prepayments 8r*J acuued Income 9.896 13.585 777 38.486 65,ZBS 66,181 52,828 14. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditor8 Social security and other taxes Other creditors Accruals and deferred income 22,590 9,978 6,256 32,932 12.319 12 9,203 7,466 71,756 29,000 Page 23 continued...
WOMEN THEWELL Notes to the Flnanclal Statements- contlnued for tho Year Ended 31 Dgcgmbgr 2023 16. MOVEMENT IN FUNDS Net movement in funds Al 31.12.23 At1.1.23 Unrn8trlcted lund$ General fund 67.272 127,364 194,636 Rtrfcte funds London Cataly81 st Andrews of Holbom Kew Garden CAP Nation81 Lottery Community Fund 1.600 13.837 885 12.700 34.106 11,500 113.280 667 886 112,7001 112.2721 21.834 63.028 139.7521 23,276 TOTAL FUNDS 130,300 87,812 217,912 Nel movement in fund8, 1ndled in the above arn 88 follows., Incoming re60urc8$ Resource¥ expended Movement in fund8 Unr••trl¢tsd fund• General fund 511,641 {384,2771 127,364 RMtrl¢tsd fund¥ Souter 2022 London Catalyst St Andrews of Hdbom Tudor Tru81 No1 CAP Transformation - Homele$$ Goldman Sachs S18u Am¢)vltz City Bridge TruJl N8tJonal Lottery Community Fund B.000 15,1)00) 11,8001 133,2791 136,6461 112,7001 11681 111,2901 121,605) 1151.9311 11,6001 113.2801 19,999 36,645 112,7001 168 11.290 21.605 139,659 112,2721 234.366 12741181 139,7621 TOTAL FUND8 748,007 1668.3961 87.612 Paga 24 continu...
WOMEN THEWELL Notes to the Fln•nclal Statem9nts - contlnued for the Year Ended 31 Dècember 2023 15. MOVEMENT IN FUNDS- contlnued Comp•rntlves for movement In fun(ts Nel movemènt lund8 Al 31.12.22 A11.1.22 Unre8trlcted funds General fund 86,242 {18,970} 67,272 ReBtrlcted funds London Catalyst St Andrèws of Holbom Kew Garden CAP Nakn'onal Lottery Communty Furwj 1.500 13,837 1,500 13,837 885 12,700 34.106 885 12.700 31,605 2,501 3,386 59,642 63,028 TOTAL FUN()S 89.628 40,872 130,300 Comparalwo nel movemanl In funds, Included In the above ar8 a8 fdlows.. Incomirvj r080urces Re8our¢08 expended Mov•monl in funds Unreltrlcted fund• General fund $05.739 524,7091 118,970 R•Jtrlcted funds Albert Hunt Souter 2022 London Cat8ly81 St An(trews of Holbom A8hden Trust Comic Relief 1 Tudor Trust No1 Comic Relief 2 Small Client grants Francls Crick CAP NAT National Lottery Communty Fund 2,000 5,000 I,soo 16,500 20,000 12,000 34,998 3,000 3,376 4,000 12,700 475 69.828 12,OCQI 15,OCQI 1,500 13,837 12,8831 {20,0001 {12,0001 {34.9981 13.0001 13.376} 14.0001 12,700 1475) 138.2231 31.805 185,377 1125.7351 59.842 TOTAL FUNDS 691,116 1850,4441 40,872 Page 25 nlinugd._
WOMEN THEWELL Not95 to th8 Flnanclal Statemènts- contlnued forthe Yr Endfjd 310gcembor 2023 16. MOVEMENT IN FUNDS- contlnued A current year 12 month5 and prior year 12 months combinod po&11¢ is as followB'. Net movernent in fund8 Al 31.12.23 A11.1.22 Unre¥trlctgd fund• General fund 86,242 108,394 194.836 Restrfcted funds Sl Andrews of Holbom Kew G8rden National Lottery Communlly Fund 557 557 885 21.834 885 2,501 19,333 3,388 19,690 23,276 TOTAL FUND8 89,628 128,284 217,912 A current 12 months and prior year 12 months combined n81 movement in funds. induded In the above are 88 fdlow8'. Incomlro re80ure88 R080urc•s expended Movement In fvndB Unre8trlGted fvndj G&neral fund 1.017,380 1908,9861 108,394 R•strlctgd funds Albert Hunt Souter 2022 Lon(lon Catalyst Sl Andrèws of Holbtyn Ashden Trust Comic Relief 1 Tudor Twsl No1 COM Relief 2 Small Client grants Frands Crick CAP NAT Tran8fom8tion- Homele55 Goldman Sachs Staa Amovitz City Bridge Tru8t Naty'on81 Lottery Communlty Fund 2,¢)00 10,000 1,500 38,499 20,000 12,000 71,643 3,000 3,376 4,000 12,700 475 188 11,290 21,605 209,487 12,0001 110,0001 11,5001 135,9421 120,0001 112,0001 171,6431 {3,0001 {3.3761 {4,0001 112,7001 14751 11681 {11.2901 (21.6051 {190,1541 557 19,333 419.743 1399,8531 19,890 TOTAL FUNDS 1,437,123 {1,308,8391 128,284 Page 26 continued...
WOMEN THEWELL Notsg to th8 Flnanclal Statèmènts- contlnued for thg Yoar Ended 31 Dgcomber 2023 15. MOVEMENT IN FUNDS- contlnuqd Rfjstrlcted funds towards projects Lloyd• Bank Foundatlon Granted £50,000 towards us 8 1>year grant 10 5UPPOrt wr Core Cosls. The first instalmenl of £25,000 w88 rec*ived in 2022 and the second in 2023. Albert Hunt Trv•( Souter Charliable Trust and London Catatyst Provlded lunding towards tho Costs of running Ihtr drop in centre and 8UPPOrt Costs for wom•n'8 health and wallbeing. SL Andrew Holborn Group of Ch•rltb83 Provided lun¢Jing as a contribution lo the co81 of an advocacy and 8UPPOrt worke¢ salary and costs. Tudor Trust we received the second payment of three of £34,998 from the Trust towards the c08ts of providing advocacy and supwrt CAP Ex'rrfJ & ISVA CAP Inlematlonal'Tlme for Abolldcn" granted us £12.700 In 2022. Tran8fomi•tlon - HomelM• The Department for levelllng up, housing And communiti•$ granted us fijnding lo imprové t1 quality of off 8treet 8ecommodallon. Goldman 3achJ 8tacl Arnovlts Granted us funds in supwi ol the sabry costs of a Speciallst Support worker to 8UPPOrt women expk>iled In pro3lilution. Clty Brklge Trust Granted us fvnd8 for five year8, 81arting in 2023, tOW8rd8 the costs of 8 Senior outreach worker. Natlonal Lottery Communlty Fund In September 2022 the ¢harity won a three-year funding bid worth £418,973 from the National Loitary Community Fund for th8 RC London and South East Region programme. The project which ruft unb'l September 2025 Is aimed al providing OUt8¢h Support lo women whose lives are affected by pro8lituUon, indudlng women who have been traffid(ed or 8re otherwse al riak. RELATED PARTY DISCLOSURES The charity hos throe organi5ab.ons with which il ha8 a particular relationship., th8 1n8th.tule of Our La of Mercy IOLMI, the National Board of Catholic Women INBCW) and Anglia Ruskin Universly. Bolh IOLM 8nd the NBCW have nomination rights to the Management Committee, During the year, women@lhelAII received unrestricted grants lotalling £240,000 12022.. £200,000) from IOLM. The landlord of the property from which Vvomen thewell operates 15 IOLM and the leasing agreement for the propety involves a ten year rent free Per for both sides, with a servi charging facility in place that is worked out by area and usage. During the year, Women@theIl receNed seNTh charge ineLJm¢ amounting to £45,89812022.. £58,390) from thg IOLM. The amount out8tanding at the year end from IOLM was £9,89612022." £nil}. There were no other related party Iran8aclion8 for the year ended 31st December 2023 nor for the year ended 31st Deer2022, Page 27