Company giStration number.. 04452067 Charity registration number.. 1133725 OCEAN WOMEN'S ASSOCIATION TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Walden Way & Co Unit A3, Gateway Tower 32 Western Gateway London E16 IYL
Ocean Women's Association Contents Page Reference and Administratlve Detalls Trustees. Report Independent Examiner's Report statement of Financlal Actlvltles Ilncludlng Income and Expendlture Account) Comparative Statement of Financial Activities (Including Income and Expenditufft Account) statement gf Financial Position Notes to the Financial Statements 9-12
Ocean Women's Association Reference and Administrative Details For The Year Ended 31 March 2025 Trustees Ms 5umaiya Hussain (appointed 12/0912024) Ms Hallma Khan Chair Ms Isra Rahman (appointed 12109120241 Charity Number 1133725 Company Number 04452067 Princlpal Address Unlt A3, Gateway Tower 32 Western Gateway London England E16 IYL Independent Examlner Walden Way & Co Chartered Certified Accountants & Registered Auditors Unit A3, Gateway Tower 32 We5tem Gateway Lonclon E16 IYL Royal Bank of Scotland 36 St AndW Square Edinburgh EH2 2Y8 Bankers Page I
Ocean Women's Association Company No. 04452067 Trustees. Report For The Year Ended 31 March 2025 The trustees psernt their report and the flnancial statement5 for the year endec$ 3 1 March 2025. Objectives and Activities Aims and Objectives Ocean Women'5 Association (OWAI airns to support women of Bangladeshl origin livlng in Tower Hamlets and neighbouring East London boroughs to improve their quality of life. The charity's objectlves a to advance physical and mental health, duce Social Isolation, and relieve poverty and unemployment through culturally appropriate, community-based activities and 5UPPOrt. OWA deliver5 weekly women-only coffee mornings in Tower Hamlets, provlding a safe and welcomlng environment where women can meet, build confidence, develop frlendships, and access vital infom)atlon. These sessions Include health and wellbeing workshop5 and talks delivered in partnership with the NHS, public health teams, GPS, and local authorities. Topic5 covered include cervical cancer 5creeningi breast cancer awareness, bowel screening, diabetes management, and wlder health and wellbeing issues. The charity operates a befriending and escorting service for women who experience isolation, anxiety, mobility challenges, or other barriers to partlclpation. Dellvered in small groups, thls seNlce enables women to attend activlties safely whlle encouraging peer support and stronger social connections. OWA provides ongoing slgnposting and referral support, helplng women to access local services Includin9 health care, benefits advice, immigration and legal 5UPPOrt, education, and employment services. Thi5 holistic approach ensure3 that beneficiaries are supported to address multiple, interconnected challenges affectin9 their wellbeing and independence, OWA also runs a cornmunlty gardening project at Stepney City Farm, where wtsrnen grow vegetables and herbs to sha. The project promotes physbcal actlvltyi Outdoor engagement, mental wellbeing, and soclal connectlon. The charlty further contributes to community cohesion by participating in cultural and Comrnunity events al Stepney City Farm, including Eid an(J Christmas celebrations. The trustees confirm that they have had due regard to the Charity Commlssion'5 guidance on public benefit and believe that OWA'5 activlties provide clear publlc benefit by Improvlng health outcome5, reduclng isolatlon, and Increa51ng Inclusion among women who are often underserved. A¢hSevements and Performance MJln Achievements During the reportlng period, OWA successfully continued its core programme of weekly women-on1y coffee mornlngs, whlch rernained well attended and highly valued by beneficiaries. Health awarene55 workshop5 delivered in partnership with NHS and public health professionals supported women to better understand arid engage with health servlces, contributing to mproved confidence and health literacy. The befrlending and escorting servlTr enabled 1501ated women to partlcipate MO fully in community actlvltle5, fostering peer relationships and reduclng loneline55. The eommunlty gardenlng project at Stepney City Farm contlnued to provlde gular opportunities for physical attivity, mental wellbeingi and social interaction, while also strengthening links With the wider community through shared events and celebrations. OWA strengthened ILS partnership working across Tower Hamlets and other London boroughs, actively participating In health forums, neighbourhood forums, Healthy Tower Hamlets inltiatives, and public health volunteer events. The charlty contrlbuted to strategic discussions and research projects with organlsations including NHS Trusts, Universltles, local Councils, and Voluntary sector Partners, ensuring that the voices and experiences of Bangladeshi women were represented, particularly in relation to emotional wellbeing, chronic illness, and health inequalities. Future plans Snclude continuing and consolidatlng existing servlces. expanding health and wellbelng actlvltles where resources allow, and further strengthening partnerships to imprgve access to services and opportunities for beneficiaries. Page 2
Ocean Women's Association Trustees, Report (continued) For The Year Ended 31 March 2025 Flnancial Review Financial Posltlon The trustees monitor the charity's financial position on an ongoing basis to ensure that resources are used effectively in furtherance of its charitable objectives. Income and expendlture during the year were managed carefully tc) 5UPPOrt the delivery of core actlvities. The charity aims to maintain an appropriate level of reseNes to ensure financial stability and continuity of services. Reserves are iniended to cover shtsrt-terrn fundin9 gaps and unfoSeen costs, enabling OWA to meet Its commitrnents and continue supporting beneficiaries. The trustees review the SerVe policy regularly in light of the charity's actlvlties, risks, and funding environment. The accounts for the year show a deficit of £5,190 12024 surplus of É 16,1121. The deficit is made up of E55,979 12024 - £62.2L91 income and £61,16912024-E46,1071 expenditure, resulting in a defTcit of £5, 190. Funds stsnd at £32, 135 12024 - £37,325). Restricted funds". Restricted funds at 31 March 2025 are £32,135 (37,325 20241. Unrestricted funds: Unrestricted funds at 31 March 2025 amounted to Nil 1£32,059- 20241. Reserves Pollcv Funds as at 31 Mar 2025 totalled £32,135. It is the trustee's policy to maintain a balance of avallable unrestricted funds in cash and bank accounts (where posslblel whlch equates to approximately one term's expendItU to cover emergency situations whlch may arlse from time to tlme. Risk Management The trustee5 recognlse the Importance of effective rlsk management in ensurlng the sustalnability and success of the ¢harlty. Key risks Include flnanclal sustainability, rellance on external fundlngi safeguardlng of beneficiarSes, and the capacity to deliver services. The trustees actively identify, assess, and monltor risks on an ongoing basis and take appropriate steps to mitlgate them. Thls include5 financial oversSght, maintalnlng strong partnership5, ensuring approprlate safeguarding practSces, and regulady VIewIng policies and Procedu5. The trustees believe that these measures help to minimise risk and protect the charity, its beneficiaries, and Its reputation. structure Governance and Management Governing Document Ocean Women's Association Is governed by its constitutlon, whlch set5 Out the charlty's objectives, powers, and govemance arrangements. The charity is overseen by a board of trustees who are responsible for setting strategy, ensuring compliance with legal and regulatory rtqulrements, and safeguardlng the charity's assets. Trustees are selected and appointed In accordance wlth the governing document. New trustees are recrulted based on the skills, experience, and commitment needed to 5UPPOrt the effective governance of the charity and to reflect the community it serves. Trustees receive appropriate information and support to enable them to fulfil their duties effectively. D4y-to-day activlties are delivered through a combination of volunteer input and partnership working, with trustees providing oversight and straieglc dlrection. Trustee Selectlon Method$ Potential trustees are usually recruited from the charity's userslbenefficiaries. Prior to the AGM parents and carers are asked to conslder volunteering thelr tlme and skllls to become a trustee, and they complete the application process at the AGM. Page 3
Ocean Women's Association Trustees. Report (continued) For The Year Ended 31 March 2025 ststement of Trustees. Re$pon$lbilities The trustees (who are also the directors of Ocean Women's A550Clation for the purposes of company lawl are responsible for preparing the Trustees, Report and the financlal statements in accordance with applicable law and United Kingdom Accounting Standards (United Klngdom Generally Accepted Accounting practi}. Company law qUireS the trustees to prepa financial statements for eath financial year. Under company law the trustees must not approve the financlal statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incorning sOurCeS and application of resources, including the income and expenditure, of the oharltable cornpany for that period. In preparlng the financial statements the trustees are required to.. select 5uStable accounting pollcles and then apply them conslstently,. observe the methods and principles in the Charity SORP,. make judgments and accounting estimates that are reasonable and prudent,. state whether applicable UK Accountlng Standards have been followed, subject to any material departuresdlsclosed and explained in the financlal statements,. and ppare the financial statements on the going concern basis unless It is inappropriate to presume that the company will continue in business. The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the flnancial position of the charltable company and to enable them to ensure that the accounts comply wlth the Companies Act 2006. They are also responsible for safeguarding the assets of the company ènd hence for takln9 0$Onable step5 for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and flnanclal information Included on the harltable company's webslte. Legislatlon In the Unlted Kingdom govemlng the pparatIon and dissernlnat5on of flnancial statements may differ from legislatlon In other Jurlsdictions. Small Company Rules This report has been ppared in accordance wlth the special provislons relating to companles subject to the small companles regime within Part L5 of the Companies Act 2006. The trustees, report was approved by the board of trustees and slgned on Its behalf by.. Ms Sumalya Hussaln Ms Isra Rahman Trustee 2910112026 Trustee 2910112026 Page 4
Ocean Women's Association Independent Examiner's Report to the Trustees of Ocean Women's Association For The Year Ended 31 March 2025 I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responslbllltles and Basls of Report As the charity trustee5 of the Company land also its ¢Jirector5 for the purposes of company lawl, you are responsible for the preparatlon of the accounts in accordan wlth the requirernents of the Compènles Act 2006 I'the 2006 Act"). Having satisfied myself that the accounts of the 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 charity's accounts as carried out under section 145 of the Charitles Act 2011 1.the 20 Ll Act'l. In carrying out my examlnètlon I have followed the Directions given by the Charity Commi55itrn under section 145151 Ibl of the 2011 Act. Independent Examlner's Statement I have completed my examinatitsn. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. L. accounting record5 were not kept in spect of the Company as qUired by section 386 of the 2006 Act,. or 2. the accounts do not accord with those reeords,. or 3. the accounts do not comply wSth the accounting reoulrement5 of section 396 of the 2006 Act other than any requifftrnent that the accounts give a 'true and fair view, which 15 not a matter considered as part of an independent examination,. or 4. the accounts have not been ppared In accordance with the methods and principles of the Statement of Recommended Practlce for accountlng and reportlng by charltles appllcable to charltles preparlng their accounts in accordance with the Financial Reporting Standard applicable in the UK anci Republic of Iland (FRS 1021. I have no Concerns and have come across no other matters In connectlon with the exarnination to whlch attention should be drawn In thls report in order to enable a proper understandlng of the accounts to be reached. Khalld Aamir Qadrl-senlor Statutory Audltor Chartered Cerbffed Accountants & RIStered ALMJito 2910112026 Unit A3, Gateway Tower 32 Western Gateway Lonaon E16 IYL Page 5
Ocean Women's Association ststement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025 2025 2024 Unrestricted Restrlcted funds funds Total fund$ Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies other 55,754 225 55,754 225 62,2L9 55,979 SS.979 62,219 EXPENDITURE ON: Charitable activitie5', Charitable Activities 161,1691 (61,1691 146,1071 15,1901 15,1901 16,112 NET (EXPENDITURE)/INCOME Transfers between funds li 32,059 (32,0591 NET MOVEMENT IN FVNDS RECONCILIATION OF FUNDS: Tota5 funds brought forward TOTAL FUNDS CARRIED FORWARD 32,059 (37,2491 15,19Ql 16,112 132,0591 69,384 37,325 21,213 li 32,135 32,135 37,325 The notes on pages 9 to 12 form part of these flnanclal statements. Page 6
Ocean Women's Association Comparative Statement of Flnanclal Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025 2024 Unrestricted Restrlcted fund5 funds Total funds Note5 INCOME AND ENDOWMENTS FROM.. Donations and legacie5 4,500 57,719 62.219 EXPENDITURE ON: Charitable activities.. Charitable Activilies 145,027) IL,0801 146,1071 NET INCOME 140,5271 56,639 16,112 NET MoveMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward (40.5271 56,639 L6,112 8,468 12,745 21,213 TOTAL FUNDS CARRIeD FORWARD li 132,059) 69,384 37,325 The notes on pages 9 to 12 form part of these flnancial statements. Page 7
Ocean Women's Association Statement of Financial Position As At 31 March 2025 2025 2024 Total funds Total funds Notes FIXED ASSErs Tangible Assets 1,275 1,275 CURRENT ASSETS Debtors Cash at bank and in hand 3,271 46,967 39,575 50,238 39,575 Creditor5: Amounts Falllng Due Wlthin One Year io 119,3781 12,250) NET CURRENT ASSETS (LIABILITIES) 30,860 37,325 TOTAL ASSETS Less CURRENT LXABILITIES 32,135 37,325 NET ASSETS 32,135 37,325 FUNDS OF THE CHARir Restrlcted Funds Unrestrlcted Funds 32,135 69,384 132,0591 TOTAL FUNDS li 32,135 37,325 For the year ending 31 March 2025 the charitable company wa5 entitled to exemption from audit under section 477 of the Companles Att 2006 relatlng to small companles. The members have not requlred the charitable company to obtsin an audit In accordance wlth section 476 of the Companies Act 2006. The trustees acknowledge thelr responslbilities for complyln9 Wlth the requirements of the Act with respect to accounting records ènd the preparation of accounts. These accounts have been prepared in accordance with the provlsions applicable to companies subject to the small companies gime. On behalf of the board Ms Isra Fiahman Trustee 2910112026 The notes on pages 9 to 12 form part of these financial statements. Page 8
Ocean Women's Association Notes to the Financial Statements For The Year Ended 31 March 2025 l. General Information Ocean Women's Association is a company limited by guarantee, incorporated in England & Wales, registered number 04452067 and registered charity number 1133725. The regISted office is Unit A3, Gateway Tower, 32 Western Gateway, London. England, E16 IYL. 2. Accounting Policles 2. 1. Basis of Preparation of Flnancial Statements The financial statements have been ppared in accordan with the Charities SORP (FRS 1021 "Accountlng and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective L January 20191" Financial Reporting Standard 102 "The Financlal Reporting Standard applicable in the UK and Republic of Ireland and the Companles Act 2006. The charltable company is a Public Benefit Entity as deflned by FRS 102. 2.2. Golng Concern Disclosure The trustees conslder that there a no material unCertantIeS about the charity's abillty to continue as a golng conTrrn nor any signiflcant aa$ of uncertainty that affect the carryin9 value of assets held by the charity. 2.3. Fund A¢c¢untlng Fund structure Restrlcted funds are to be used for speclflc purposes as lald down by the donor In furtherance of the obJertlves of the project 2,4. Income and Endowments All Incoming resources are included In the Statement of Flnanclal Actlvifies (SOFA) when the chèrlty Is legally entitled to the income, it 15 probable that the income will be ceIved, and the amount can be measured reliably. Incoming resource5 are recognised on an accruals basis, except where stated otherwise. Donations and Voluntary Income Donation5 and voluntary income, including gifts, grants and donations from indivi(Juals, companles and tru5L5, are recogni5ed when received or when the charrty becomes entitled to the income, if earlier. Unrestrlcted donatlons are credlted to unrestricted funds. Restricted donations are cdited to restrlcted funds and a only recognised when the condlti¢ns attached to the donation have been met. 2,5. Resources expended Expenditures All expendilure is recognised once there Is a legal or constructive obligation to that expenditure, it Is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate slmilar ctssts to that category. Where costs cannot be d1CtlY attributed to particular headings they have been allocated on a basis consistent wlth the use of resources, with central staff costs allocated on the basis of Lime spent, and depreciation charges allocated on the portion of the asset'5 use. Other sUPPOrt costs are allocated based on the Spad of staff costs. Charitable activities Charitable eXpendItLJ comprises those costs incurred by the charlty In the delivery of its actlvitie5 and servlces for Its benellclarles. It includes both costs that can be allocated dlrectly to such actlvlties and those costs of an indirect nature necessary to support them. Support costs Support costs are functions that aS515t the work of the charity but do not &1CtlY undertake charitable activities. Governance costs a the costs associated wlth complyln9 Wlth statutory requirements of the charity. Governance costs These include the costs attributable to the charity'5 compliance with constitutional an(J statutory requirements, including audit, strategic management and trustees'5 meeting5 and reimbursed expenses. Page g
Ocean Women's Association Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2.6. Tanglble Flxed Assets and Depreciatlon Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment 1055e5. Depreciation is provided at rates calculated to write off the c05t of the fixed assets, less their estimated sidUal value, over their expected useful lives on the following bases.. Fixtures & Fittings Computer Equlpment 15 Vo Reduclng Balarice 4 yea SLM 2.7. Cagh and Cash Equivalent$ Cash and cash equivalents are basic financial assets and include cash in hand and dep051t5 held at call with bank5, other 5hort-term highly liquid investments that mature in no more than three months frorn the date of acquisltion and are readily convertible to a known amount of cash wlth insignlflcant sk of change in value, and bank overdrafts. 2.8. Taxation The charity Is exempt from tax as all its incorne is charitable and applled for charitable purposes. 3. Other Income 2025 2024 Re$trlrted funds Restrlcted funds Olher income 225 4. Analysls of Expendlture 2025 Actlvltles undertaken dlrectlv Support costs (see nore 51 Total Charitable Actlvitles 55,617 5,552 61,169 2024 Actlvltles undertaken dlrectly Support costs (see note 51 Total Charitable Activities 41,331 4,776 46,107 5. Support Costs 2025 Charitable Activities Employee costs General administration Depreclation Governance costs 545 2,179 244 2,584 5,552 Page 10
Ocean Women's Association Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2024 Charitable Actlvltles General administration Depreciation Govemance costs 2,178 202 2,396 4,776 6. Independent Ex•mlner's Remuneratlon 2025 2024 Independent examination of the financial statements Other assurance servlces Tax advlsory services Other financial servlces 1,194 3,476 1,194 3,476 7. St)ff Costs Staff costs were as follows.. 2025 2024 Wages and salaries Soclal security costs Other penslon costs 48,109 384 1,161 28,408 667 49,654 29,075 No employees received employee beneflts (excluding employer penslon costs) for the pOrting period of more than £60,000. 8. Average Nurnber of Employees Average number of employees during the year was: I 12024.. 11 9. Debtors 2025 2024 Due wlthln on¢ year Other debtors 3,271 10. Creditors: Amounts Fallln9 Due Withln One Year 2025 2024 Other creditors TaxatSon and 50cial security Accruals and deferred income 11,688 5,202 2,488 2,250 19,378 2,250 Page 11
Ocean Women's Association Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 11. Movement in Fund5 A$ at l Aprll 2024 Asat31 March 2025 Income Expenditure Transfers Unrestrlcted funds General.. Genera5 unrestricted fund Restrirted fund$ Restricted Fund (32,0591 32,059 69,384 55,979 161,1691 132,0591 32, L35 Total funds 37,325 55,979 161,1691 32,135 As at l Aprll 2023 Asat31 Expenditure March 2024 Income Unrestricted funds General,. General unrestrlcted fund RestTlcted fund$ Restricted Fund 8,468 4,500 145,0271 132,0591 12,745 57,719 l L,0801 69,384 Total fund$ 21,213 62,219 146, 1071 37,325 During the financlal year, the funds were received from the following funders.. Natlonal Lottery Funding- £35,765 Small Wood Trust - £ 19,988 12. Tran$actlons wlth Trustees None of the trustees receSved any remuneratlon or any other beneflts from an employment with the charity or a relatsd entity during the current or previous year. No trustee expenses have been incurred. 13. Related Party Disclosures The have been no related party transactlons In the reportlng perlod that require disclosure. 14. Company limited by guarantee The company 15 limited by guarantee and has no share capital. Every member of the cornpany undertakes to contribute to the assets of the company, in the event of a winding Uptr such an mount as may be required not exceeding El. Page 12