Company registratlon number. 07155976 Charty registration number.. 1135026 Women Acting in Today's Society (W.A.l.T.S) (A company limited by guarantee) Annual Report and Financial Stslements for the Year Ended 31 March 2024 Fruition Accountancy Limited Unit 4 Three Spires House Station Road Lichfield WS13 6HX A7 ADIXLQAX 2811212024 COMPANIES HOUSE
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Women Acting in Today's Society (W.A.l.T.S) Contents Reference and Administrative Details Twstees, Report 2to11 Statement of Trustees, Responsibilities 12 Independent Examinerfs Report 13to14 Statement of Financial Activities 151016 Balance Sheet 17 Notes to the Finanaal Statements 18to32
Women Acting in Today's Society (W.A.l.T.S) Reference and Administrative Details Chairman Mrs D LaBassiere Ch5ef Executlve Officer Mrs M Lewnson Trustees Mrs K Bailey Mrs S Bateman Mrs M L Cadogan Mrs E M Bfaham Mrs H Salter Mrs T L Swani Other Offlcers Charlty Reglstratlon Number 1135026 Company Registration Number 07155976 The charity is incorporated in England and Wales. 3rd Floor Colmore Circus Colmore Circus Queensway Bimingham B4 6AR Registered Offic• Independent Examlner Fruition Accountancy Limited Unit 4 Three Spires House Station Road Lichfield WS13 6HX Page 1
Women Acting in Today's Society (W.A.l.T.S) Trustees. Report The trustees, who are directors for the pUoSe$ of company law, present the annual report together with the financial statements of the charrtable company for the year ended 31 March 2024. Objectives and activltles Objects and aims The object of the Charity, as stated in the Memorandum of Association, is the education and training of women to fulfil their roles in society. Public benefit WAITS, Trustees monitor the Charitls activities to demonstrate that the Charitys aims continue to be, and are carried out, for the public benefit This has been translated into W.A.l.T.S overall Business Strategy 2024-2029. The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Vlslon A soclety where women are safe, valued and fulfilled. Mission Empowering women to make positive choices In their own lives. Strateglc ObJe¢Uves and Goals To deliver our mission and work towards our vision we have set oul some strategic priorilies, each of which 15 SUPPOrted by a sel of goals. The strategic priorities are what is important to us and the goals are our expectations as to what we will deliver andlor achieve. Strateglc ObJectlvo8 Goals 1. Deliver excellence for our clients i. To empower women through access to W.A.l.T.S' Domestic Abuse SeNice. ii. To empower women through access to W.A.l.T.S' Community Integration Project. i. To provide safe accommodation for women and children who are fleeing domestic abuse. i. To achieve re-accreditation of the "PQASSO" quality mark excellence in our governance ii. To achieve the "Investors in People" accreditation. To undertake a self-assessment of our governance against our adopted Charity Governance Code {NCVO) iii. To raise the profile of W.A.l.T.S i. To develop and deliver strategylaction plan to ensure that our ITC and digital function supports the business in Communication and Digital {ITC&D) function achieving and busness support services excellence 2. Deliver supported and refuge accommodation 3. Have a highly skilled workforce and achieve excellence in our governance 4. Have an excellent Information Technology Communication and Digrtal (ITC&D) function and business support services 5. Be financially strong and deliver value for money i. To deliver the funding and income generation strategy Page 2
Women Acting in Today's Society (W.A.l.T.S) Trustees. Report ii. To deliver the objectives in this business strategy over the three-year period, whilst retaining financial robustness iii. To deliver the value for money approach over the life of the business strategy To develop and deliver Environmental Sustainability strategylaclion plan. In preparation for this we aim to.. make best possible use of available resources - conserve energy ii. Contribute towards reduction of the 'carbon footprint. 6. Be environmentally sustainable AIMS The aims are achieved through the following objectives: Providing one to one support, advocacy. and befriending Co-ordination of support services for women and Global Majorily women with complex needs Delivering training workshops to develop the skills, confidence, knowledge and understanding of women and Global Majority women. Having a skilled volunteer program to support the charities objectives Provtde counselling Developing working relationships with policy makers Organising and participating in conferences and meetings that raise the profile and the understanding of DA issues WAITS is responsive to the needs of women experiencing domestic abuse; by providing advocacy, support, accommodation and training, specialising in supporting 8AME, Chinese women and women offenders. The Role and Contrlbutlon of Volunteers Volunteers continue to play a vital role in enabling WAITS to meet our objectives. Volunteers provided essential support to enable WAITS to deliver services- WAITS Counselling services is provided by fully trained counsellors and counselling placements. Befriending volunteers recruited to provide support to WAITS projects. In WAITS head office volunteers provided support in administration, marketing & communication. social media and befriending. - Ambassadors who supports W.A.l.T.S through Fundraising events and activities. Trustees WAITS Trustees have specific skills to deliver W.A.l.T.S strategy and to meet our objectives. Trustees have an array of skills for example Legal, Health & Social Care, Housing, Offending, Community Development and Business. WAITS continue to maintain its focus on the development of groups and individuals through social action to bring about social change by tackling issues of social exclusion, domestic abuse. single parenthood. offending and at risk of offending- supporting women in participating in local decision making and in all aspects of public life. Page 3
Women Acting in Today's Society (W.A.l.T.S) Trustees. Report Objectlves, strategles and activities WAITS achieve its aims through the following projects.. Women Support and Development providing Domestic Abuse support advocacy, support, befriending, personal development and counselling to women experiencing domestic abuse, signposting to legal support and to agencies in the public sector. We are grateful for the support of.. MOJIWMPCC and Bimingham City Council. Refuge providing a safe space for women fleeing domestic abuse, where women can re-coup, develop skills and confidence, re1ve support, befriending, personal development and counselling to build a new future. We are grateful to the BininghaM City Council for supporting this work. Volunteering and Inlluencing pmiect Providing weekly workshops, donation collections and distribution, food parcels, recruitment and training of volunteers. Organising WAITS consultations and women's inclusion in decision making forums. We are grateful for the support of The Oak Foundation, People's Health Trust. MOJIWMPCC and Harborne Parish Lands to deliver this project. Partnership W01ng WAITS partnered with 8inningham City University to hold a Domestic Abuse Conference with key stakeholders. WAITS is proud to be a member of the NWD network of Third sector organisations WAITS is a member of the Homelessness forum WAITS is a member of the Living Well Con$ortia- providing Mental Heafth netrwork of charities and organisations Slralegic Forums -Wesl Midlands Police Domestic Abuse IAG {Independent Advisory Group) -Wesl Midlands Police Scrutiny Panel -Women's Resource Centre Advisory Group -8irmingham's Violence Against Women Strategy Group -Birmingham's Domestic Abuse Slrategy Group -member of Bimingham BSAB Birmingham Safeguarding Adults Board -member Birmingham Commonwealth Association -Colmore BID Women's Safety Forum Page 4
Women Acting in Today's Society (W.A.l.T.S) Trustees. Report Achlevements and perfomiance omestic Abuse Team One full time IDVA and 1 part-time IDVA Provlded one off telephone and email enqulres 421 Supported 67 women fleeing Domestic Abuse to: Access to legal support and injunctions - Access accommodation. via council, social housing, shared accommodation Counselling - Access mental health Support - Workshops Befirending Access to college - Access to work placements Supported 32 women, Received 88 referrals Staff one part time refuge manager, one full time refuge support worker Support provided to residents.. Access legal support and injunctions - Access accommodation, via council, social housing, shared accommodation Counselling - Access mental health Support - Workshops Befriending - Access to college - Access to work placements Page 5
Women Acting in Today's Society (W.A.l.T.S) Trustees. Report The Volunteering & Influencing project enables WAITS to provide a holistic service by providlng initiatives that aim to.empower and increase skills and declsion-making. All Volunteers have received training online, leaming about WAITS, Safeguarding and the detals of their respective Volunteering role. Our befriending seNice aims lo reduce social isolation and model of healthy relationships for women who have left abusive srtuations. Wth volunteers and student placements, we have provided.. -Provided 146 hours of counselling -115 hours of befriending support Without the sup.port of committed volunteers, WAITS would struggle to provide a holistic program of support to women. WAITS Trustees volunteer play a vital role in governing the charity and ensuring that WAITS business and action plans are fulfilled. Professionals volunteer their time delivering workshops. legal and housing surgeries. Befrienders provide a listening ear and help break isolation when a client moves to a new area. Ambassadors and the Friends of WAITS host regular fundraising events. walks and challenges to raise vital core funds. orksho s and offee mo s for cllents Providing a holistic service to women experienclng domestic abuse is at the core of WAITS work, to complement our advocacy support to clients the following workshops were delivered.. - self-esleem and confidence ritness workshops housing workshops employability workshops financial workshop peer group, mental healthlwellbeing workshops nutrition workshops beauty and self-care health workshop community workshops legal workshop education volunteering workshops During this reporting period a total of 39 workshops were held, supporting 69 women. In addition, WAITS also held 40 coffee mornlng sesslons, supportlng 65 women. Page 6
Women Acting in Today's Society (W.A.l.T.S) Trustees. Report In 2023 women accessing WAITS services were invited to participate . in a series of 26 training sessions to help them to gain public speaking, influencing, campaigning. leadership skills and knowledge about varied decision-making systems, and how to change the syslem to be favourable to Global Majority survivors of domestic abuse. With sUPPOrt from Bimiingham Cty University who provided training and support to the women. The group of women then formed The SEEKERS Board in August 2023, which is a group of empowered women who are experts by experience. working with WAITS to change policy and services for women experiencing gender-based violence and domestic abuse. SEEKERS Board stands for Sharing Experience, Expertise and Knowledge for Effective Response 8nd Safeguarding BoaKI. Together, the SEEKERS Board has provided evidence by consulting with Birmingham City Council to draft the Domestic Abuse and Violence Againsl Women Strategies. SEEKERS Board, WAITS and Bimiingham City University organised a Conference in February 2024 attended by over 100 people including officials from the West Midlands Police and Crime Commissioner office, Binningham City Council, housing sector, Department of Work and Pensions, legal professionals, and other or9anisations. The aim of the Conference was to give su1VorS a voice and an opportunity to share their experiences, including the barriers they face when attempting to access housing. benefits, police support and legal aid. and to create a platform for identifying solution8. SEEKERS have delivered 90 houts of work. Flnanclal review Financial posltlon Funds blfrNd Income Expenditure Transfers Funds clfwd 01.04.23 2024 2024 2024 31.03.24 Unrestrictedlgeneral funds Restricted funds The above table summaries the movement in the year of the unrestricted and restricted funds. The Trustees and staff have worked hard to generate unrestricted funds to help facilitate Ihe day to day running of the company. This has increased unrestricted reserves in the current year. The restricted funds have a deficit for the year because large amounts of restricted funds received in the year to 31 st March 2023 were spent in the current year due to Ihe conditions and timing of the spending. All restricted expenditure is in line with the funding criteria of the grants received. £114.385 £170,143 (£207,443) £34,390 £111.475 £136.332 £169,295 (£222,814) {£34,390) £48.423 The Truslees have agreed a comprehensive five-year fundraising strategy and five year Business Plan which takes into account WAITS need to raise unrestrided core funds to enable WAITS to cover day to day running costs which are not met by current funding. Page 7
Women Acting in Today's Society (W.A.l.T.S) Trustees. Report Policy on reseThes The Trustees have reviewed the reserves of the charity and the nature of the anticipated income and expenditure. Accounl has been taken of the need to secure the continuous operation of WAITS given the uncertain future of funding streams and the fact that much of WAITS, current funding is for restricted purposes and time limited. The Truslees have decided that to safeguard WAITS, reserves should be at least equivalent to 3 months unrestricted core running costs. General reserves at 31 March 2024 stood at £111,475 which is above this target. Restricted reserves at 31 March 2024 stood at £48.423, and total reserves were at £159,898. Plans for future perlods Aims and key objectlves for future perlods The aims and objectives continue to be relevant and, at present, there are no plans to change these. Future activities will Involve the following.. The Domestlc Abuse Service experiencing domestic abuse. The Cornmunlty Integration Project ICIP) - supporting women vtho have offended in the past or who are at risk of offendinglre-offending in the future. - Women's Refuge - supporting women who are fleeing from, or who are facing homelessness due to domestic violence Volunteering - WAITS volunteering program to include accessing volunteers to support the running of the Charity. Supporting Clients through befriending .as well as supporting clients wrth work placements. supporting women who have experiencedlare currently WAITS has in the process of refreshing the Business Strategy for the next 3 years, involving services that can be traded to the public sector and the infraslruclure to manage tenders and commissions from voluntary and public sectors. Trustees and officers The trustees and officers serving during the year and since the year end were as follows.. Trustees.. Mrs K Bailey Mrs S Bateman Mrs M L Cadogan Mrs E M Braham Mrs H Salter Chairman.. Mrs D LaBassiere Chief Executive Officer.. Mrs M Lewinson Other Officers.. Mrs T L Swani Page 8
Women Acting in Today's Society (W.A.l.T.S) Trustees. Report Structure. governance and managernent Nature of govemlng document The charity is controlled by its governing document, a deed of trust. and constitutes a limited company. limited by guarantee, as defined by the Companies Act 2006. The charity is governed by a Memorandum of Association dated 1.oth February 2012. Recruitment and appointment of trustees Trustees are appointed as necessary by the continuing Trustees. Organisational structure Trustees meet quarterly. A Chief Executive OITicer is appointed to manage the day-loaY operations of the charity. WAITS employ staff to achieve its aims and currently employs 9 staff members: Chief Executive Officer Program Manager Refuge Part time Finance Officer One full time Senior Domestic Abuse Worker One full time Domestic Abuse Worker One full lime Refuge Worker One full time Resettlement worker (women Offenders) One full time Volunteer and Influencing Coordinator One fum time Personal Assistant Induction and training of trustees New Trustees are introduced to the staff team as part of their induction and are invited to attend bwo Away Days held each year for planning and review purposes. They receive training and informalion on their responsibilities as Trustee8 and other organisational documentation e.g. operational and strategic plans and financial reports, Rlsk rnanagement A review of the potential risks takes place once a year at one of the Staff and Trustees Away Days. This enables Trustees to ensure that policies and procedures are in place to minimise any impact. The identified risks and responses are as follows: RISK WAITS fails to achieve objectives and targets outlined in business plan MANAGEMENT ACTION Ensure monitoring of business & operational plan at Business Planning SuGroup meetings and Trustee Board meetings CEO and Trustees CEO, Gather information for evaluation and moniioring Operations of WAITS seNices through WAITS outcomes and activities database COrdInatOr and Staff Page 9
Women Acting in Today's Society (W.A.l.T.S) Trustees. Report Carry out monthly staff supervisions to ensure staff targets are on schedule and monitor staff development programme Ensure regular communication of issues or challenges at weekly staff meetings CEO, Operations Co-ordinator Operations Co-ordinator Inadequate revenue funding in the short, medium and long te Fundraising strategy in place - monitored at Trustee Board meetings CEO and Trustees Reserves Policy in place and monitored CEO and Trustees Fundraiser in place CEO and Trustees Inadequate funding for the groups we are working with Fundraising strategy in place developing partnerships and commissioning opportunities with public sector Income Generation Strategy in place. Monitored CEO and by Trustees Trustees Operations Co-ordinator High staff turnover Ensure ongoing communication with staff and management CEO and Operations Co-ordinator Document supervisions and team meetings Operations Co•ordinator Secure funding in place CEO and Trustees WAITS workers unable to meet delivery of operational plan due Staff development programme to limited capacity Operations Co-ordinator CEO and Operations CoThordinator Ensure regular progress checks with staff Document supervisions and team meetings Operations COrdInatOr Agree corrective action referring to the operational plan including possibility of C(kordinalorexisting or new resources taking on some of the work Consider additional contingencies to deliver outputs at Board meeting Ensure monitoring of outputs and outcomes and outcomes in operational plan at Business Planning SUbroUp meetings. Additional monitoring of Business Planning Sub-Group Carried out at Board Meetings CEO and Operations cordinal0r CEO and Trustees CEO and Trustees CEO and Trustees Page 10
Women Acting in Today's Society (W.A.l.T.S) Trustees. Report WAITS unable to adequately monitor and evaluate need, outputs, outcomes and impacl Ensure quality standards met PQASSO level 1 in CEO and of world territorialism by other place Trustees stakeholders. agencies and referral partners. Lack of co-operation from other Ensure good neiworks and communication stakeholders, agencies and systems with stakeholders, agencies and referral referral partners partners CEO and Trustees Small companles provlslon statement This report has been prepared in accordance with the small companies regime under the Companies Act 2006. The annual report was approved by the trustees of the charity on 23 December 2024 and signed on ils behalf by.. Mrs D LaBasslere Chairman Page 11
Women Acting in Today's Society {W.A.l.T.S) Statement of Trustees. Responsibllltles The trustees (who are also the directors of Women Acling in Todays Society (W.A.l.T.S) for the purposes of company Lgw) are responsible for preparing the trustees, report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" The report and accounts have.been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies. Company law requires the trustees to prepare financial statements for each f5nancial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charrtable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: se18Ct suitable accounting policies and apply them consistently., observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume thal the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable step.s for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance. and integrity of the corporate and financial informalion included on the charrtable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the trustees of the charity on 23 December 2024 and signed on rts behalf by.. r4 Mrs D LaBassiere Chairman Page 12
Women Acting in Today's Society (W.A.l.T.S) Independent Examiner's Report to the trustees of Women Acting in Today's Society (W.A.l.T.S) ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March. 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Acl 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 Charities Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charty Commission under section 145(5)(b) of the 2011 Act. Independent examln•r's statement Since the Companls gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Acl. I confim that l am qualified lo undertake the examination because l am a member of the Association of Chartered Certified Accounlants, which is one of the listed bodies. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe.. 1. accounting records were nol kept in respect of Women Acting in Today's Society (W.A.l.T.S) as required by section 386 of the 2006 Act,. or 2. the accounts do not accord wrth those records,. or 3. the accounts do not comply with the accounting requirements ol section 396 01 the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance wrth the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other mattets in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Michelle Vincent FCCA Fruition Accountancy Limited. Unit 4 Three Spires House Slation Road Lichfield WS13 6HX Page 13
Women Acting in Today's Society {W.A.l.T.S) Independent Examinerfs Report to the trustees of Women Acting in TOdaS Society. (W.A.l.T.S) ('the Company,) 23 December 2024 Page 14
Women Acting in Today's Society (W.A.l.T.S) Statement of Financial Activities for the Year Ended 31 March 2024 (Including Incorne and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Reslricted funds Total 2024 Note Income and Endowments from: Donations and legacies Charilable activities other trading activities Investment income 74,489 82,483 12,336 835 169,295 243,784 82,483 12,336 835 Total income 170 143 169.295 339,438 Expenditure on: Raising funds Charilable activities (16,523) 190,920 {937) 221,877 (17,460) 412,797 Total expenditure 207,443 222,814 430,257 Net expenditure Transfers between funds (37,300) 34,390 (53,519) 34,390 (90,819) Net movement in funds (2,910) <87,909) (90,819) Reconciliation of funds Total funds brought forward Total funds carrled fop4vard 114,385 136,332 250,717 19 111,475 48.423 159,898 The notes on pages 18 to 32 fomi an integral part of.these financial statements. Page 15
Women Acting in Today's Society (W.A.l.T.S) Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Ststement ot Total Recognised Gains and Losses) Total 2023 £(As restated) Unrestricted funds Restricted funds Note Income and Endowments from: Donations and legacies Charitable activities Other trading aclivilies Inveslment income 83,747 60,879 8,058 508 201,591 285,338 60,879 8,058 508 Total income 153,192 201,591 354,783 Expenditure on: Raising funds Charitable activities {6,980) 77,763 {3,011) 324,696 {9,991) 402,459 Total expenditure 84,743 327,707 412,450 Net incomel(exp8nditure) Net movement in funds 68,449 126,116 57.667 68,449 (126,116) (57,667) Recon¢lllatlon of fund8 Total funds brought fon4vard Totsl funds carried fopNard 45,936 262,448 308,384 19 114,385 136,332 250,717 The funds breakdown for 2023 is shown in note 19, The notes on pages 18 to 32 form an integral part of these financial statements. Page 16
Women Acting in Today's Society (W.A.l.T.S) (Registration number: 07155976) . Balance Sheet as at 31 March 2024 2023 £(As restated) 2024 Note Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 15 189 5.336 16 17 45,991 132,876 131,113. 149,486 280,599 178,867 Credltors: Amounts falllng due wlthln one year Net Current assets 18 19,158 35,218 159,709 245,381 Net assets 159,898 250,717 Funds of the charlty.. Restrlcted Income funds Restricted funds 19 48,423 136,332 Unreslrlcted income funds Unrestricted funds 111,475 114,385 Total funds 19 159,898 250,717 For the financial year ending 31 March 2024 the charity was enlitled to exemption from audit under section 477 of the Companies Ad 2006 relaling to small companies. Directors, responsibilities: The members have not required the charity to obtain an audit of ils accounts for the year in question in accordance with section 476. and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime wlthin Part 15 of the Companies Act 2006. The financial statements on pages 15 to 32 were approved by the trustees, and authorised for issue on 23 December 2024 and signed on their behalf by.. Mrs D LaBassiere Chaiman The notes on pages 18 to 32 fomi an integral part of these financial statements. Page 17
Women Acting in Today's Society (W.A.l.T.S> Notes to the Financial Statements for the Year Ended 31 March 2024 ,1 Charity status The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to conlribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation. The address of its registered office 15.. 3rd Floor Colmore Circus Colmore Circus Queensway Birmingham B4 6AR These financlal statements were authorised for issue by the trustees on 23 December 2024. 2 Accounting pollcles Summary of slgnificant accounting pollcles and key aceounting estlmates The principal accounting policies applied in the preparation of Ihese financial statements are set out below. These policies have been consistenlly applied to all the years presented, unless otheThvise staled. Statement of compllance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019 (Charilies SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. Basis of preparation Women Acting in Today's Society {W.A.l.T.S) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historbcal cost or transaction value unless otherwise slated in the relevant accounting policy notes. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the Charily. Page 18
Women Acting in Today's Society {W.A.l.T.S) Notes to the Flnanclal Statements for the Year Ended 31 March 2024 Prior period errors In the financial statements for the year ended 31 March 2023, income received in 2024 in relation to a grant for 2024-2025 had been incorrectly included as a debtor and income. The effect of correcting this is to reduce restricted funds and debtors at the balance sheet date by £21,742. Income and endowrnents All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Donatlons and legacles Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entrtled to the funds, the income is deferred and not recognised until either those conditions are fully met. or the fulfilmenl ol those conditions is wholly within Ihe control of the charity and il is probable that these conditions will be fulfilled in the reporting period. Grants recelvabl• Grants are reeognised when the charity has an entitlement to th8 funds and any conditions linked to the grants have been met. Where perfomiance conditions are attached to the grant and are yet to be met, the income is recognised as a liabilty and included on the balance sheet as deferred income to be released. Investment Ineom• Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. Expenditure All expenditure 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 allocaled lo the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistenl with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Ralsing funds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activitles that raise funds, Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Page 19
Women Acting in Today's Society (W.A.l.T.S) Notes to the Financial Statements for the Year Ended 31 March 2024 Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent wrth the use of resource5, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Governance costs These include the costs attributable to the charitys compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. Taxatlon The charity is considered to pass the tests sét out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation lax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains re1Ved within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tanglble flxed assets Individual fixed assets costing £0.00 or more are initially recorded at cost..less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreclation and amorti8atlon Depreciation is provided on tangible fixed 8sset5 so as to write off the cost or valuation. less any estimated residual value, over their expected useful economic life as follows.- Asset class Fi>lures and fittings Computer equipment Depreciation method and rate 250h Straightl line 25°/0 Straight line Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfomied in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impaimient. A provision for the impairment of trade deblors is established when there is obieclive evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-tem highly liquid investments that are readily Convertible to a known amount of cash and are subject to an insignificant risk of change in value. Page 20
Women Acting in Today's Society (W.A.l.T.S) Notes to the Financial Statements for the Year Ended 31 March 2024 Trade creditors Trade credttors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilrties if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least Iwelve months after the reporting date. If there is an unconditional right to defer settlement for at least Iwelve months after the reporting date. they are presented as non-current Trade creditors are recognised inttially at the transaction price and subsequentty measured at amortised cost using the effective interest method. Fund slrueture Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Further explanation of the nature and purpose of each fund.is included in the notes to the financial statements. Penslons and other post retlrement obllgatlons The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligalion to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating lo employee service in the current and prior periods. Contributions to defined contribution plans are recognised in Ihe Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. Flnanclal Instruments Classlflcatlon Financial assets and financial liabilities are recognised whon the charity becomes a party to the contractual provisions of the instrument. Financial liabilrties and equity instruments are classified according to the substance of the contractual arrangements entered into. An equrty instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Page 21
Women Acting in Today's Society (W.A.l.T.S) Notes to the Financial Statements for the Year Ended 31 March 2024 Recognition and measurement All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit orloss, which are inrtially measured at fair value {which is normally the transaction price excluding transaction costs), unless the arrangemenl consts'tutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted al a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right lo set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial. assets are derecognised when and only when a) the contractual rights to the cash flow8 from the financial asset expire or are settled, b) the charily transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or ¢} the charity, despite having retained some, but not all. significant risks and rewards of ownership, has transferred control of the asset to anolher party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. 3 Income from donatlons andlogacles Unrestricted funds General Restflcted funds Total 2024 Donations and legacies; Donations from individuals Grants, including caprtal grants: Grants from other charities 19.275 19.275 55,214 74,489 169,295 169,295 224,509 243,784 Unrestricted funds Restrlcted Total 2023 £IAs restated) General funds Donations and legacies- Donations from individuals Grants, including caprtal grants: Grants from other charities 18,747 18.747 65,000 201,591 201,591 266,591 83,747 285,338 Page 22
Women Acting in Today's Society {W.Al.T.S) Notes to the Financial Statements for the Year Ended 31 March 2024 4 Income from charitable actlvities Unreslrlcted funds General Total 2024 Women's refuge 82,483 82,483 Unrestricted funds General Total 2023 Women support and development Women's refuge 3,170 57,709 3,170 57,709 60,879 60.879 5 Income from other tradlng activities Unrestricted funds General Total 2024 Events income: Other events income 12.336 12,336 12,336 12,336 Unrestricted funds General Total 2023 Events income. Other events income 8,058 8.058 8.058 8,058 6 Investment Incomo Unrestricted funds Gèneral Total 2024 Interest receivable and similar income- Interest receivable on bank deposits 835 835 835 835 Page 23
Women Acting in Today's Society {W.A.l.T.S} Notes to the. Financial Statements for the Year Ended 31 March 2024 Unrestricted funds General Total 2023 Interest receivable and similar income., Interest receivable on bank deposits 508 508 508 508 7 Expenditure on ralsing funds a) Costs of generatlng donatlon8 and legacles Total 2024 Total 2023 Legal fees 5,350 Unrestricted funds General Restrlcted funds Total funds Note Total for 2023 4,850 500 5,350 b) Costs of tradlng actlvitles Unrestrlcted funds General Restrlcted funds Total 2024 Events and conferences 16,523 937 17,460 16,523 937 17,460 Unrestricted funds General Restricted funds Tolal 2023 Events and conferences 2,130 2,511 4,641 4,641 2,130 2,511 Page 24
Women Acting in Today's Society IW.A.I.T.S) Notes to the Financial Statements for the Year Ended 31 March 2024 8 Expenditure on charltable activitles Unrestricted funds General Restricted funds Total 2024 Not• Women support and development Depreciation, amortisation and other similar costs Slaff costs Allocated support costs Governance costs 57,823 13,200 71,023 5,147 50,655 74,895 2,400 5.147 215,429 118,798 2,400 12 164.774 43,903 190,920 221,877 412,797 Unrestricted lunds General Restricted funds Total 2023 Not• Women support and development Depreciation, amortisation and other similar costs Staff costs Allocated support costs Governance costs 22,907 16,770 39.677 5,601 5,088 41,667 2,500 5.601 203,203 151,478 2,500 402,459 12 198,115 109,811 77,763 324,696 Page 25
Women Actlng In Today'¥ So¢lety (WA.I.T.S) Not•$ to tho Flnanclal Statements for tho Year Ended 31 March 2024 9 An•ly•l8 of gov•rnanc• and support costs Support C08t• 4llocat•d to r•l•lng lynd• Preml•e• ¢t8 In¢ludln9 d•pr•clatlon Flnancg ¢o¥tS Informallon technology Admlnl•¢ratlon co•ts Total funds 8asl* of allo¢atlon invoice Staff C15 Wom•n supwt and development Total lor 2024 9.$81 11.944 69.236 27.977 118.798 9.581 11.944 69.236 118,798 Totsl ltsr 2023 9,113 121,497 20,868 151,478 Gov•man¢¢ ¢wt• UnM#trlei•d lunds Gengral Totil 2024 Total 2023 Independent examiner leei Exarninalion of Ihs financial slatemenls 2,4eo 2,4QO 2,41]0 2,400 2,500 2,500 Page 26
Women Acting in Today's Society (W.A.l.T.S) Notes to the Financial Statements for the Year Ended 31 March 2024 10 Net incomingloutgoing resources Net outgoing resources for the year include.. 2024 2023 Depreciation of fixed assets 5,147 5,601 11 Trustees reniuneratlon and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any olher benefrts from the charty during the year. Page 27
Women Acting in Today's Society (W.A.l.T.S) Notes to the Financial Statements for the Year Ended 31 March 2024 12 Staff costs The aggregale payroll costs were as follows.. 2024 2023 Staff costs during the year were: Wages and salaries Social securty costs Pension costs Olher staff costs 194,109 16,202 2,718 2,400 215,429 187,876 10,811 4.516 203.203 The monthly average number of persons (including senior management I leadership team) employed by the charrty during the year expressed as full time equivalents was as follows.. 2024 No 2023 No Administration No employee received emoluments of more than £60,000 during the year. The chief executive officer, as the highest paKI member of staff, received benefits totalling £40,000 {2023 - £40.000). 13 Indopendent examlner'8 remuneratlon 2024 2023 Examination of the financial statements 2,400 2,500 14 Taxation The charity is a registered charity and is therefore exempt from taxation. Page 28
Women Acting in Today's Society {W.A.l.T.S) Notes to the Financial Statements for the Year Ended 31 March 2024 15 Tangible fixed assets Furnlture and equipment Computer equipment Total Cost At 1 April 2023 37,719 20,590 58,309 At 31 March 2024 37,719 20,590 58,309 Depreclation At 1 April 2023 Charge for the year At 31 March 2024 37,719 15,254 5,147 52,973 5,147 37,719 20,401 58,120 Net book value At 31 March 2024 189. 189 At 31 March 2023 5,336 5,336 16 Debtord 2023 £(As restated 20,741 110,372 2024 T:rade debtors Other debtors 1,100 44,891 45.991 131,113 17 Cash and cash equivalents 2024 2023 Cash on hand Cash at bank 11 132,865 976 148,510 132,876 . 149.486 Page 29
Women Acting in Today's Society (W.A.l.T.S) Notes to the Financial Statements for the Year Ended 31 March 2024 18 Creditors: amounts falllng due withln one year 2024 2023 Trade Creditors Other taxation and social security Other creditors Accruals 10,025 4,669 4,867 21,560 4,122 35,218 997 4,292 19,158 19 Funds Balance at Balance at 31 March 2024 2023 £IAs restated Incomlng Resources resources expended Transfers Unrestrlcted funds General Core unrestricted 114,385 170,143 1207,443> 34.390 111,475 Restricted funds The National Lottery MHCLG Lloyds Oak Foundation Trusthouse Postcode Lottery CAF Resilience Fund Birmingham City Council Poli¢elMOJ Peoples Health Harbome Parish Lands Other restricted funds Rosa Triangle Total restrlcted funds 393 2,175 24.753 (3,689> 21,457 (2,175) 25.674 {25,674} {26,983) 26,983 19,388 7,976 4,851 44,229 17,062 4,042 4.000 5,233 (19,388) (7,976) (4,851) 15,997 49,000 19,874 12,000 (60,226) (66,062) (18,947) (16,000} (5.233) 4,969 7,000 14,997 7,000 14,997 136,332 222,814 34,390 48,423 Total funds 250,717 339,438 430,257 159,898 Transfers Transfers relate to restricted funds brought forward that were expensed several years ago from general funds, and also the transfer of funds to general funds that were never originally restricted and incorrectly presented in prior years. Transfers do not relate to surplus funds. Page 30
Women Acting in Today's Society (W.A.l.T.S) Notes to the Financial Statements for the Year Ended 31 March 2024 Balance at 31 March 2023 £(As restated) Balance at 1 April 2022 Incomlng resources Resources expended Unrestrlcted fund3 General Core unrestricted 45,936 153,192 (84,743) 114,385 Restrleted Henry Smith The National Lottéry MHCLG Lbyds Oak Foundation Trusthouse Postcode Lottery CAF Resilience Fund Birmingham Cty Council PolicelMOJ Peoples Health Albert Hunt Fund Harbome Parish Lands Other restricted funds 1,470 49,909 4,155 12,148 38.537 29.369 13,283 99,056 {1,470) (49,516) <1,980) (12,148) {55.042) (9.981) (5.307) (133.882) (19,770) (13,440> (8,883> (7,000) 393 2,175 43,488 26.983 19.388 7.976 4.851 44,229 17,062 4,042 39,677 63,999 30,502 12,925 7,000 4,000 4,000 5,233 14,521 9,288 Total restrlcted funds 262,448 201591 327,707 136,332 Total funds 308,384 354,783 412,450 250,717 20 Anatysls of net assets betweon funds Unrestrlcted funds General Total funds at 31 March 2024 Restrlcted funds Tangible fixed assets Current assets Current liabilities 189 130,444 19,158 189 178.867 19.158 48,423 Total net assets 111,475 48,423 159.898 Page 31
Women Acting in Today's Society (W.A.l.T.S) Notes to the Financial Statements for the Year Ended 31 March 2024 Unrestricted funds Total funds at 31 March 2023 £(As restated) 5,336 280,599 (35,218) Restricted General funds Tangible fixed assets Current assets Current liabilities 5.336 144.267 135,218) 136,332 Total net assets 114,385 136,332 250,717 21 Related party transactlons There were no related paty transactions in the year. Page 32