COMPANY REGISTRATION NUMBER: 07483469 CHARITY REGISTRATION NUMBER: 1140962 Welsh Women's Aid Company Limited by Guarantee Financial Statements 31 March 2024 TERH NTER & CO LIMIT Chartered accountants & statutory auditor 24 Bridge Street Newport South Wales NP20 4SF Welsh Women's Aid Company Limited by Guarantee Financlal Statements Year ended 31 March 2024 Page Trustees. annual report (incorporating the director's report) Independent auditorfs report to the members Statement of financial activities (including income and expenditure account) Statement of financial position 17 23 Statement of cash flows 25 Notes to the financial stalements 26 Welsh Women's Aid Company Limited by Guarantee Trustees. Annual Report {Incorporating the Directovs Report) Year ended 31 March 2024 The twslees, who are also the direclofs for the purposes of Company law, present their report and the financial ststements of the charity for the year ended 31 March 2024. Reference and administrative datails Registored charity name Welsh Women's AKI Charlty reglstratlon number 1140962 Company rogistration number 07483469 Prlnclpal officè and registered Pendragon House office Caxton Place Cardiff CF23 8XE The trustees K Palmer- Chair H Kell- Deputy Chairl Treasurer R Christmas N Danson VMFriis T Sadler-McGralh J Mccarthy S Sarjeanl K-L Doyle M Pooley (Appointed 16 May 2023} (Appointed 9 June 20231 (Appointed 26 June 20231 (Appointed 26 June 2023) A Rodriques (Retired 6 June 20231 (Served from 26 June 2023 to 1 O¢lober 20231 W Mbugua- Ngotho Audttor Jonathan Rhodes Bsc BFP FCA Walter Hunter & Co Limited Chartered accountsnls & statutory auditor 24 Bridge Street Newport South Waleg NP20 4SF Bankers Unity Trust Bank PIC Nine Brindlèypsace Birmingham B12H8 Welsh Women's Aid Company Llmited by Guarantee Trustees, Annual Report (Incorporatlng the Directorfs Report) (conbfnu8¢ Year ended 31 March 2024 Structur•• governance and managament Goveming document l•Velsh Women's Aid governed by a Memorandum and Articles of Ass￿latIon and was incorp￿ed in January 2011. Welsh Women's Axl was registered as a charity in March 2011. As a registered charrty and a Company Ljmrted by Guarantee. Welsh Women's is required lo report annually lo both the Charity Commission and Companies House. In the event oflho Ofganisation winding up. ils members are required lo eonlribule an amount not exceeding £1. Welsh Women's Aid'6 current governing document was updated in Decembar 2013. Recruitmanl and Appointment of Trustees The Directors of the company a￿ also the charity trustees. All Trustees are recruited ￿ line wth Welsh Women'5 Ahj Trustee Recnjitment and Selection Poliry and procedural framework. The Board 1$ able lo decide htyv many vacancie$ there are subjecl lo the maximum of twelve persons and minimum of three persons. Al least four TNstees should be recfuf(ed from Welsh Women's Aid rnembership of specialist serV￿es. All Trustees are appointed for the skills and exPer￿nce that they bring and their abilty to a3SiSt Wdsh Women's Aid in meeting i£s charitable objects. Candid*es for all Trustee posrtions are inlerviewefl. references are 50ught, and the ￿cru￿rnent panel recommendations are agreed by the Board. Trustees e confimwd al the AGM. All term$ of office are for a period of 3 yearg. Truslees who seNe a three-year term are elioible for re- appointment for orke add￿￿snat term. TrtFsl8es have the pcwer to ctropt ad¢lt*)nal board members, who musl retire at the next AGM but may stand for reaeleLtKJn as a Trustee. lknn consideriffj cwting members. the Board has regard lo the requirement foi any spe¢iaist skills and knwledge, such as fundraiSin￿1nding, HR. underslanding ol domestic abuse and Otherf0m￿ ol violence against women. children and young pgople. In 2023124 4 additional trustees were appointed follLxwng a recruitment prcKe8S to replace tfuslees due lo come lo the end of their tenure and those who have Stepped down for other reasons. Board of Trustees induction and training All new Trustees are provkI￿ with W?l$h Women's Aid's Memorandum and Articles, Governance Policy which sets out thar roles and responsibilrties. a copy of'The Essential Trustee, provided by the Charity Commission, and are invi(ed lo discuss any queries with the Chair. Ne* members of the Board undergo a ccrfnpreh8nsTvg irKILbCtion pro9wme lo brief Ihern on the work of Welsh Women's Aid, the history of the women's aid movement. theirlogal ct*ligations as Tnjslees, the Board's decision making processes. the lunclioning and slruclure of seNi¢es. the business plan and recent financi￿ performance. Ouring induction. new TTUStees meet key employees and other Tnjstees. The Board is enwuraged to Part￿1pate in internal and extemal Ifaining ev6nts which will further their skills and knowledge in undertaking their roles. A skills audit is undertakon every two years lo ensure that the 8oard has the r￿ht mix of skills and experience and the information lo delemiine whether they nee<1 to rocruit appropriatety skilled external members. Welsh Women's Aid Cornpany Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (¢¢n61rtu Year ended 31 March 2024 Structure, govomance and management (conunuedj Gryng Concern Assessment A review ofthe organisation is undertaken annually in line wrth ISA IUKI 57010 assess the going con¢8rn slalus of the organisation. The assessment is undertaken as part of the budget setting process for the following year in the I￿ht of the forecast financial statemen15 for the current year. The assessment considers key forecasts for income generation, expenditure, planned aclivilies, risk register, cashflow, OTganisalional performance, extemal factors and contingencies required to secure the future business operations of the organisation. Further consideration has been given lo the impact of the increase in demand for VAWDASV swvices, pressures on the sgdor and changes lo legislation or government policy. Trustees considerthal, having remewed the management a5sessmenl, th81 Welsh Women's Aid can be considered a going concem for the foreseeable future and that su(table risk mitigations and contingencies are in place. The Board of Trustees meets qLFarterly and is supported by sU￿roUpS, which were reviewed and the terms of reference updated durin9 the year. The Sub-GfOUPS are Audit, HR and Engagement which assists the decision making process by exploring risks and options in detail and scrulinising the quarterly reports prior lo full Board meetings and, where appropriate, making recommendations to the Board. The Audit Sub-Group maintains oversKJht of the risk management process, finance and fundraising. Sub- Groups do not have decision making powers,. they are a recommend1r￿ body onty. Internal controls are made more robust by the exislen¢e of procedures for the aulhoii$21ion of all Iiansaclions. Procedures afe in place lo ensure compliance with the Health and Safely of staff, Trustees, volunteers, clients and visitors lo the organisalion. These controls and proeedufes are periodically reviewed lo ensure that they continue lo meet the needs of the charity. A key element in the managemenl of financial risk is the selling of a reserves policy and ils regular review by the Board. All signrficanl new initiatives, major comml£ments and investment projects are subject to formal approval by the Board. During 2023124 1 crrtical strategic risk was identified which related lo the downlum in income available for training delivery. Actions were taken lo reslruclure the Training Team for a smaller funding envelope for 2024125. M¢Ligalions related lo the cost of living crisis., implications on specialist service5 and suNivors of abuse of leaving the EU continue lo be managed on an ongoing basis. We continue lo work wrth services. key stakeholders and funders to address the increase in demand for access to specialist services which has not Ted4Jced since the pandemic. Welsh Women's Aid Company Limited by Guarantee Trustees. Annual Report {Incorporating the Dlrectorfs Report) {contInu Year ended 31 March 2024 Structure, govemance and management f¢ontint*d) Organisalional Slru¢lur8 and Management The responsibility for the day lo day management and delivery of services lo meet the charity's 0￿eCts is delegated to the Chief Executive Officer {CEOI and Senior Management Team ISMT). The SMT shares the responsibilty for reporting lo the Board with the CEO, in relatson lo Ihe n)anagemenl and implementation of the organisalion's strategy, ils priorities, progress reports on ils operational plan, its financial position and risk management procedures. Each member of the SMT is responsible for elements of the Strategic Deltvery Plan. Welsh Women's Aid staff remuneration is aligned to the NJC pay scales based on the evaluation of appointed roles. Application of cost of living pay increases are subjed lo funding and approval by trustees. Objectives and actlvlties PLibli¢ Benefrt The trustees confirm that they have referred lo the guidance contained in thè Charity CommissK)n's general guidance on public benelil when reviewing the Charities aims and objectives and in planning fulufe aclivilies. The Welsh Women's Aid charitsble objects are for the benefrt of the eommunity-. To promote the relief of distress and suffering experienced by, in particular bul not exclusively, any women or hèr children from differing social groups who have or are experiencing domestic abtkse and all other forms of'violence against women., including the wKler social and economic impacts. Welsh Women's Aid is a national violence against women. domestic abuse and sexual violence IVAWDASV) membership organisglion, with over 40 years of experience in eampaigning, shaping and influencing poliw to be priorilised by government. Welsh Women's Aid represents and supports 8 federation of local independent charities delivering specialist violence against women, domestic abuse and sexual violence women prevention setwices in Wales, as part of a UK ne￿Ork of provision. Welsh Women's Aid works lo achieve improvements in national policy and practice for the benefit of members of the women's aid movement and others working in this area, and most importantly, their primary service users.. women, children and young people experiencing domestic abuse, sexual violence and other fornis of violence ag8inst women. Our 5 Year Strategy 2019-24 which sets out our vision, mission, values and planned aclivilies in more detail is available on our website_ Activity lo review and refresh the Strategy for 2025 onwards started during 2023124 supported by an exlernal consuftanl. Welsh Women's Aid Company Limlted by Guarantee Trustees. Annual Report {Incorporatlng the Directorfs Report} fconllnu•Y) Year ended 31 March 2024 Objectlves and actlvlti8$ (¢¢ntinueo) Our VisK)n'. A world in which women and children live free from domestic abuse, sexual violence and all foms of violence against women, and by doing so achieve independence, freedom and liberation from oppression. Our Values.. We are feminist and value diversity of lived experiences We promote integrity.. We are accountable, and place survwors, volces and their lived expwiences central lo our work. We encouTage rèspect, transparency and learning from experience, we ch811enge misuse of power and promote social responsibilrty in aN we do. We collaborate.. We work with survivors, specialist services, other organisations, individuals and communities, lo capacity-build services and lo eviden￿ and deliver what works in preventing violence against women, d¢Jmeslic abuse and sexual violence. We empower: We advocate a rights-based approach so that all women and children can achieve their full polenli81. and we promote sorvices led by and forwomenlminoritised groups as being vital lo meeting needs and lo achieving social, e¢onornic and polrtical liberation from patriarchy, racism, and other oppressions. We transform". We are committed lo challenging inequalities discrimination, to combining high- qualty s&rvices with activism for social change, and building a movement that ends Violen￿ against women and girts and liberates women and gI￿S from multiple and intersecting oppressions to benefit everyone. Objectives and Priorities in 2023r24 Preventing wolencè against women, domestic abuse and sexual violence frotn happening in the first place. We are committed to primary prevention, which involves education to change attitudes and perceptions. to prevent abuse from happening in the first place. 11 can be laTgeled universalty or at specthc groups, siJ¢h as chiklren or member5 of a particular community. Prevention work requires a commitment lo challenging and changing the social and cultural norms, systems and structures that pèrpeluale abuse, harn)s and inequalrties. Prevention work also needs lo address the fact that violence against women and girls is structural and one of tho social mechanism5 that forces the subordination of women and girfs in society. For this reason, working lo further women's and gids, liberation, lo Challenge and dismantle gendered social norms and expectstions. and to dismantle patriarchy and other systems of oppression is a key means of achieving ils prevention. Ensuring provision of quality services for suNivors that build on slrenglh5, meet needs and reduce the hamful effects of abuse over lime.. We are committed to providing excellent member services and support which helps specialist seryices deliver quality provision, as centres of excellence in their communrties. EffeclDie provision is dependent on identifying as early as possible those who are likely to experience abuse, and lo provide high quality resources and supportto preventfurther abuse and reduce rts impact I'secondary Prevention l. Effective provision is also dependent on providing longer term support and advocacy lo reduce the trauma and ham caused by more prolonged exposure to violence and abuse, which is often cumulative for women and 9irls I'tertiary prevention"). Creating effective partnerships with sunrivors, specialist se￿iceS and others to strengthen our movement to achieve change that lasls. Welsh Women's Aid Company Limited by Guarantee Trustees. Annual Report Ilncorporating the Directorfs Report) (conUnu8dJ Year ended 31 March 2024 Objectives and a¢tivities (¢onllnu4d) We are committed to amplifying the diverse experiences of survivors and lo developing and collaborating in partnership in a way that upholds our values and demonstrates mutual respect, transparency. honesty and inlegiity. which underpins all our work. By focusing Dn collaboration lo impfove responses for those who experience multiple discrimingtion black and minoritised women, lesbians, disabled women, migrant women, young people, older women, trans women - we aim lo improve access lo support and justice for all survivors of abuse. ENSURING OUR WORK DELIVERS OUR AIMS All stsff and Trustees are active in reviewng progress and achievements on a monthly and quarterly basis, as well as reviewing delivery 89ainst slTategic obieclNes on an annual basis. A robust revtew process helps Welsh Women's Aid lo ensure aims, objectives and activities remain focused on charity objects, in accordance with charity ¢ommission guidanee. The trustees sel a list ol key performance indi¢alors against which progress is assessed al a strategic level against the Welsh Women's Ald strategic objectives allowing scrutiny and corrective aclion to be taken where necessary. Achievemonts and porformance REVIEW OF ACTIVITIES AND HOW DELIVER PUBLIC BENEFIT Progress and achievements in 2023124 The impact of the cost-of-living crisis continued to bile in 2023124 inflicting sever economic pressure on Sutvivois and specialist services alike, restricting access to help and support for victims and survivors of violence against women, domestic abuse and sexual violence. The sector has had to adapt lo the conditions and find new ways to provide life-saving services whilst experiencing increased costs and recruitment and retention issues. As w(ch many organisalions our operations continued to be delivered online with staff working fiom home as part of a hybrid working arrangement. We continued lo focus resources on engagement with govemment and slatulory services, promotion of specialist services to survivors and the wider public, produced resources for our members, the wider VAWDASV sector and bystanders and raised awareness of the impact on people subject to gender-based violence and the need for increased funding for the seclof in in Wales. We continued to use our influence in Wales. UK and internationally by engaging wiltt local goveinmenl, Welsh Govemmenl, Westminster and the European structures lo lalk about the importance of addressing violence against women and OUT spproach through the Change that Lasts model. Our standing as a leading light on violence against women has in¢￿ased and we have further developed Change that Lasls which prOV￿eS a holistic approach to responding. supporting and preventing domestic abuse, sexual violence and all forms of violence against women. including response lo perpetrators of abuse and specific reSoUr￿S for children and young people. We have supported our membership with capacity building support, our roll out of National Qualty Service Standards, briefings and other bespoke support and advocacy. Welsh Women's Aid Company Limited by Guarantee Trustees. Annual Report {Incorporatlng the Director's Report) (conllnuoo) Year ended 31 March 2024 Achievements and perfomiance f¢orttlnued) Fundraising During 2023124. Welsh Women's Aid received donations tolalling £76.207. Funds were raised from a wide range of supporters including first lime donations. payroll gThiing and community tundraising. The cost of living crisis has reduced peoples. disposable income and abilty lo engage in fundraising activities. Awareness raising and campauning successfulty increased our visibilty in order to keep gender-based violence in the public discourse. We successfulty secured funding to continue existing service delivery, rdl out our Change that Lasts approach and increase access lo funding for our Membership. However, opportunflies for funding lo delivery training across all sectors Teduced during the year. In 2023-24, Welsh Women's Aid suc¢essfulty secured public and Irust-funded income including working in collaboration with Wornen's Aid Federation England via a Home Office-funded Emergency Fund to support individual surjivors of domestic abuse with one-off payments of £250 or £500 for essential Costs. In total, £47,700 was ringfenced for and distributed lo Wales-based survThiors via our membership. During the year, we were also suceessful in securing a >year unrestrided grant amounting to £165,000 from Esmee Fairbaim. Data proleclion.. In 2023124 we maintained the high standards of data pro*eclion and compli8nce with the GDPR legislation achieved in Ihe prewous year. To that end all slaff have received vp-lo-dale GDPR refresher training. Objective 1 Preventing violence against women, domestic abuse and sexual violence from happening in the first place. Website and Social Media.. Ovei the linanck31 year VVWA continued lo develop our online and social media presence. We continued our Levs Talk About.... campaign covering viclim-blaming and promotion ofthe LNe Fear Free Helpline. Events.. This year, Welsh Women's Aid had a significant presence al card￿ Pride as well as other leslwals and events through the year. We continued to work wtth journalists lo encourage published stories to be trauma-infomied and considor the effect on suThivors. Children and Young People.. As part of our Home Office funded Project in collaboration with our Mgmbers, we facilitated children and young people focussed training sessions including Bystander InteNention. Heatthy Relationships and Tech Facililaled Abuse. Change that Lasls whole systems approach for children ancs young people including provision of Irauma-informed, needs-led, strenglhs-based support Se￿iCe5 by our local member services and communrty4)8sed prevention programme. Ask Me. Change that Lasls - Whole Systems Model for P￿ventIOn, Response and Support for VAWDASV.. We have continued lo work lo deliver the Change That Lasls model with our colleagues across Wale5 extending the approach lo Cwm Taff. MerthyT and North Wales. Evaluation of the Change that Lasls approach demonslraled encouraging outcomes for primary prevention in communities. learning opportunities for trusted professionals interested in improvin9 their response to survivors and specialist support services for survivors and perpelralors of violence against women. Welsh Women's Aid Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) (tonlynuedj Year ended 31 March 2024 Achievoments and performance (continuedl The Ask Me Community includes 100+ membefs who signposted 233 sumvors lo specialist support, spoke 10 1,006 community members and reached 7.437 people on social media during this year. 1 S Trusted Professional events were run in the year, with 118 delegates attending from both publ￿ and third sectors from across the South Wales area. CLEAR was designed to address a gap in provision for men who in the past. have had little or no inleniention and struggle lo understand or describe their abusive behaviour. These men may identify that there is 'a problem, within their inlimale relationships and are molivaled to change bul are not yel disclosin9 or taking responsibility fof their abusive behaviour. CLEAR is available in Cardiff and the Vale, Neath Port Talbot, and will s(K)n be rolled out in Cwm Taff. 71 referrals were rKeived during the year. Running in parallel with CLEAR, has been the Integrated Specialist Survivor {ISS} support for curTenUex- partners and their children. Partnerslex-partners of sen attending CLEAR are Teferred onto s￿la1151 survivc)r seNices which offers needs-led, strengths based, trauma infomied sypport. Bystander Intervention Initiative.. This initiative empowers communities to intervene proactively lo stop gender-based violence and abuse. The programme is based on Social Nomis Theory and intends lo help students identify problematic situations, assume responsibility, and intervene safely. This year, Bystander Inletvenlion Training was delivered to 112 {400/o increase on the previous year}. We also developed and ran a Bystander Intervention Train the Trainer, which was delivered to 16 learneTS including students and university staff from across Wales. Welsh Women's Aid Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Directorfs Report) (tontlnued) Year ended 31 March 2024 Achiovements and perfomiance (¢Onllnu8d) Objective 2- Ensuring Provision of quality serV￿e$ for suivivors that build on strengths, meet needs and reduce the harmful gffecls of abuse over time. MA Specialist VAWDASV Service Membership.. MMJA has eslablished regular membership meetings lo provide ongoing peer support. These aim lo ¥Jenlify issues in the wider Sector, offer support, escalate concerns lo Welsh Government and to f(￿u$ on specific are8s of wort(, such as the introduction of DomeslicAbuse Protection Orders, Renting Homes Act Welsh Government Blueprint for tackling violence against women. domestic abuse and sexual violence in Wales. It also allows us to gather anecdotal evidence from specialist services lo infomi policy or other meetings. 8 member meetings were held in the year including conten14riven rneelings on tjesignaled topics of interest including Barriers to Anonymous Registration NPCC VAWG Strategy. This yearwe havefacilitated workshops, seminars and 15 practice development $ession5. largely aimed al members but for some events other organisations also participated. Subjects included.. Imp8Ct of Brain Injury, Deaf Survivors, Economic Abuse and Non-Falal Strangulation. This is not an exhaustive list but highlights the variety of member training work we tjndertake. Our forum for children and young peopl8 SUPPOrt workers included sessions related lo self-haming behaviour, supporting autistic and neuro-divergent young people and Childien's RKJhts. Capacity building for frontline services within the sector is a vital aspect of WWA'S work. We have continued lo support our membeT organisstions with consuliancy and staff support. grant funding bids, preparation for NQSS assessment, effective engagemenl with Survivors, social media, monl(oring and evaluation, website development and marketing. Other work w((hin our membership team has focused on sexual violence and exploitation. In 2023124, the All-wales Operational Group on Sexually Exploited Women published their Freedom of Infomiation Requests submrtied lo stalthory agencies in 2022, which enquired about data collection and risk assessment pathways in felalion lo adult and child sexual exploilalion. We also held a learning event entitled Preventing and Responding to Sexual Explortation.. a Whole System Approach, The event was extremely well attended, with around 50 attendees, ranging from CYP services. Multiple County Councils. Universities, and Specialist SVISEIDA services and Health Boards. National Quality Service Standards for Specialist Domeslie Abuse Services in Wales-. NQSS is aligned with Welsh Government IAQF on a 3-year cycle. 1 additional member setvice successfully gained accredilalion and 2 seNices began their next rycle of accredilalion. 3 seNices submitted their mid-point assessment successfully. Fundraising-Focussed Support.. The Fundraising Team continued to support Welsh Women's Aid members in a range of ways including Quarterly Fundraising Network meetings, fortnighlly grant opportunity Iracker and Member support and funding research. Welsh Women's Aid Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Iconlinued) Year ended 31 March 2024 Achlevgmonts and perforniance (tonllnued) Live Fear Flee Helpline.. The L¢ve Fear Free Helpline recorded 30.485 incoming and outgoing contacts during the year. This consisted of 14,349 incoming calls, 11.409 outgoing calls, 2,175 webchats, 819 ernails and 715 SMS threads. The strike rale Irate of incoming calls answered within 30 seconds) remained at 94.60/0 IhToughout the year, demonstraling the rernark&b￿ high pick up of calls. We continue to organise the helpline advocates shifts to maintain coveragg during peak times so the helpline is staffed lo meet caller demand. Average contact lime continued to increase with talk lime averaging 21 minutes131Yo illcTeasel and e811 handling time averaging 28 minutes1450A increase), which reflects the complexity of calls that advocates are dealing with and the need lo respond lo contacts who have been un8ble to access supwt when they need il f¥om other services Icounselling, mentsl health. crimina justice}. National Training Partnership.. The Welsh Women's Aid Training Centre of Excellence provides a￿redited and non-accrediled training courses delivered by expert and specialist trainers from the VAWDASV sector in Wales. The team continued working lo develop online Ifaining whilst delivering in person where conditions allowed. In the year we delivered training and aeciediled continuous professional development ICPD} courses lo 1,919 ￿arnerS this was a reduction on the previous year due lo the reduction in budgets and funding for training across 811 sectors. Across the year, we trained leamers from across our membership of specialist seNices. praclilioners across publi¢ service and third sector, Police and Probation. We worked with Welsh Government and Agored Cymru to develop an Apprenticeship qualification in Preventing and Tackling Violence Against Women, Domestic and Sexual Abuse al Level 4 which has now been accepted onlo the Welsh Government Apprenticeship Scheme. 10- Welsh Women's Aid Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (eothrtlnued) Year endad 31 March 2024 Achievem8nts and perfomianee (tontinued) Objective 3- Creating effective partnerships with survivors, specialist services and others lo sl¥englhen our movamenl to achieve change that lasls. Welsh Women's Aid Federation.. Welsh Women's Aid is a federation of s￿cIaliSt seNices. survwors, campaigners and all¢es across Wales. Some of our member services ale small local specialist providers and others are region81 or national in their scope. The support provided by these Ofganisaions is diverse and includes delivery of refuge•based support, rape crisis support, community and outreach support for women, children and young people, and men across Wales. Despite their vital importance. many of our setvices operate in an uncertain environment having lo compete for funding that is often delivered in short-term yearly cycle5. Welsh Women's Aid provide bespoke assistance lo each of our 20 members to ensure that their vital work continues uninterrupted and unburdened by external reslriclion5. Some of the ways in which we did this in 2023124 ale.. Access to National Quality Service standards Members, meetings, workshops and practice Sess￿￿$ Access to information via newsletters, policy updates, funding and nehyorking opportunities. and research requests Representation of our Members with regard to changes in legislation and govemment w)licy. Capacity Building Programme for frontline services within the sector. Fundraising Netsvork Group. Survivor Participation.. WWA has ovei 100 suNThiors in the Survivors Network, providing survivors who have escaped abusive situations with vital support from peers. as well as enabling them to take part in a range of aclnii(ies to improve servi¢e provision, influence policy and raise awarenes5 with the wider population and media. Survivors in the Survivors Neiwork have the opportunity to respond lo policy or reSea￿h con5ullalions where they can use their lived experience expertise lo give valuable input and insight. ContribulKJns *rom the Survivor Netwoik during 2023124 included an Empowerment Event attended by 63 survivors, and contributions to a number of external activities such as South Wales PCC Collaborative and Accountability Board as a joint partner, VAWDASV Research Network "Sandpit Event" Workshop focusing on SLÈrvivors feceiving services at A&E. The Survivors Ne￿Ork also aims lo have a wide-reaching impact on those who are part of r( including, training for survivois of abuse lo re-enter the workplace for those with language barriers and aysislance with the development of training packages for front line workers and other professionals. 11 Welsh Women's Aid Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Directorfs Report} (condnuqd) Year ended 31 March 2024 Achieyemonts and pgrfomiance (CQnllftuedJ VAWDASV partnership work to influence the National Agenda.. In the last year, we have continued raising our profile and the piolile of Welsh survwors both in Weslminsler and in the Senedd. The conlinualion of online wofking allowed us lo allend more meetings than was possible prior lo the pandemic. As in previous years, we have engaged wrth organisations such as the Home Office, the Ministry of Justice, Crown Prosecution Servi￿. Probation and Ptslice services in Wales and across the UK Wo Continue to WOTk with colleagues from across devolved and non-devolved publi¢ and speci81isl sectors lo plan and implemenl an effectwe post-COVID-19 response and joined national partners lo shape the development of the Welsh Government's new VAWDASV Strategy and the new UK VAWG strategy. Welsh Women's Aid WOTked in close partnership wilh UK-wide VAWDASV Ofganisations this year, attending meelin9S With the Domestic Abuse Commissionerto provide data and feedback on the needs of SUTvivors and specialist service5 in Walos. We collaborated with sister Ofganisations in EnglarKI to respond to the inlioduction of the Domestic Abuse Act_ We represent the VAWDASV Sectof in Wales lo advise non-devolved agencies in the Criminal Justice System (police, CPS and Courts) and devolved agencies in Wales to improve their practice and response lo VAWDASV. We continue to work alongside EVAW, Rape Crisis and Imkaan as well as Women's Aid Federations to build capacity of the specialist seelor to respond to increas demand and awareness. Welsh Women's Aid has continued lo support the Welsh Government VAWDASV response by providing advice 8nd contributing lo the Strategy and Blueprint for Tackling VAWDASV in Wales. Thioughoul thls year, we have taken part in both online and in-person events, ensuring representation for specialist services in Wales across sever81 stakeholder meetings w(th Welsh Government, Ministry ol Justice, Home Office, and Policing. We have informed the development of initiatives and campaigns such as 'No Grey Area,, '16 Days of Acliwsm,. and the Joint Justice Plan lo Improve Case Management through the Criminal Justice System. Research, National Data Gathering and Reporting". We continued lo collect and collate data from our members on a quartedy basis to inform service development and support funding applications and campaigns. This year, our annual Slate of the Sector Report highlighted key issue5 inciuding.. 712 survivors unable lo a¢¢ess crrtical refuge services 28Vo increase in reports of financial abuse The disproportionate effect on women of the cost of living crisis Access lo services impacted by the housing crisis Staff burnout impacting retention and recruitment in the sèetor We have contributed to and are on the core working group for the VAWDASV Research Network launched by the University of South Wales and we are participant5 in and members of the core working group for a Group Concept Mapping IGCM} study which aims 10 Sel out the VAWDASV research priorities for Wales. 12- Welsh Women's Aid Company Limited by Guarantee Trustees. Annual Report {Incorporating the Directorfs Report) (¢oniinuedJ Year ended 31 March 2024 Achlovements and porfomiance fconithuedj Inlerseclionalty and Inclusion.. Welsh Women's Aid has continued ils internal Intersectional Action Group throughout 2023124, aiming lo addiess intersectional barriers in the VAWDASV sector, particularly those that impact individuals facing muRiple disadvantages. The group continues to scwtinise internal procedures and policies. and work to maintain a collaborative Glossary of Terms. Specific inlerse¢lional and equality work in 2023124 included Sexually Exploited Women. Deaf Communty, Autism and Neurodiversity, Ra¢ial discrimination {No Recourse to Public Finds. Supporting Migrants} in partnership with Bawso. LGBf Pride celebrations and RSE implementation. Financial revlew In 2023124 the organisation had an in-year deficit of £255,699. Restricted funds decreased by £17,965. As al 31 March 2024 the charity reported retained funds of £875,755. Represented by.. £521,817 of unreslrKled funds and £353,938 of reslricled funds. Trustees designated reserves for development aclNilies in 2023124 whi¢h contributed lo our work as follows.. 2024 Apprenticeship Scheme Development Trainin9 Course Development Malemity Cover Strategic Review 40.000 20.oc 8,000 These activities were delivered. however, delracling income for Training Delivery severely impacted the financial posrtion and Reserves were released lo carry out a reslrudure of the Tiaining Team and cover the in year overspend. Redundancy costs incurred amounted to £34,000 and the in year overspend was £131,000. The reported deficit in year is due to a significant drop in training income which hes now been miligaled by a reslruclure of the Training Department and the planned expendrture on dovelopment activities delivered during the year funded from DeS￿nated Reserves. See Note 21. The majority of the organisation's income is grant funded and we rectsJnise the need to buiid 8 Suitable level of reserves lo meet the needs of the charity. We have a Reserves Policy which assesses the level of unrestricted reserves required lo meet costs of closure. foreseeable exceptional expenditure and temporary reductions in funding. The current level of uniestricled reserves are adequate lo meet the Reserves Policy. The Welsh Government is the principal fvnder providing 380/ts of the charity's income for continuing operations. The remaining income is from a variety of sources including donations, member subscriptions, foundations and other public sector bodies. We'd like to tske this opportunty to thank our funders, members, donors and organis*ional supporters for the contributions they make to the important work we do wjth particular recognition lo the survwors, ambassadors and allies without whom our objective of eradicating violence against women in all ts forms, would not be possible. Trustees set the 2024125 Budget in May 2024 which reflected an in year deficit of £99.000 on the underslandirkg that miligaling action would b& taken throughout the year to bring the closing position as close lo bieak&ven as possible. These actions include redesign of business support functions lo lake advantage of technology lo streamline systems, remove duplication and align synergies in operational delivery acr088 MVA Department. This wll enable the stsff establishment to be reduced as vacancies cur. 13- Welsh Women's Aid Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) 1COnllnuedJ Year ended 31 March 2024 Plans for future perlods PLANS FOR FUTURE PERIOD 2024125 2023124 was the fifth year of our S Year Strategy delivery and we reviewed our strategic priorities with the help of an extemal eonsultanl who consulted our members, SUNivors and stakeholders lo create the next 5 Year Strategy. We will continue with our work to promote the social and cultural change needed lo end violence against women, domestic abuse and Sexual violence, that unites us with our funders, supporters, and Ihe communities we Serve. Our national federation has a shared vision, valu&base and approach, and investment into a federated structure provides the combined impact of individual charities with the benèfit of collective impact, resilience and strength as a rnovement. Together. we provide a strong, well-developed and cohesive prDgiamme of local. regional and nali)nal work that benefits survNors and creates a safer. healthier. more equal and viol6nee•free future for everyone. Our Slrale9y and delivery align wrth the Well-bein9 of Future Generations framework in Wales by adopting a long-lerm approach that f¢xuses on prevention, prioritising collaboration and integration, and cenlring the involvement of survivors, members, setvices and stakeholders. In 2024125 our wot1( will continue to f￿uS on our strategic priorilie$'. Frevenling violence againstwomen, domeslie abuse and sexual violer￿e from happening in the first place Ensuring provision ol quality seNces for survniors that build on strengths, meet needs and reduce the harmful effects of abuse over time Creeting effectThie partnerships with survivors, specialist services and others to strengthen our movement lo achieve change that lasts Our prior((ies for 2024125 will be lo ensure.. That violence against wonien, domesti¢ abuse and sexual violence remains a top priorityfor government during and following the Covid-19 Pandemi¢ regardless of the risks of economic downturn, future surges in demand and any impact of cost of INing increases or geopolitical impact. Internally. we will also work lo ensure our overall efficiency and effectiveness is improved, we lead on eviden¢e-based services. our capacity, fvndraisin9 and supporteT base is increased. we enhance and improve delivery and impact of direct services and strengthen our internal and external communications. This will include, for example, providing member services w((h bespoke support and making sure that survivors gel the help and support they need, through Pfoviding training, guidance and loolkils, that support professionals lo provide effective and appropriate Tesponses to survwors.. and using our influencè and networks to ensure survNois voices are heard and remain at the centre of any existing or developing interventions. -14- Welsh Women's Aid Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directo￿5 Report) Icotttlnued) Year ended 31 March 2024 We will continue to support implemenlalion of the Violence Against Women, Domestic Abuse and SexL¢al Violence Act including the Welsh Government VAWDASV Strategy and Blueprint for Change. We will continue to campawn for a strong and effeclwe VAWG Slrale9y for Enoland and Wales following the Domestic Abuse Act 2020 and with our sister fedei*ions in the UK maintain PTessure on the uiminal justice system to better respond lo allegations and Prosecution of climes related to violence against women and girls. We will continue to monitor the risks related lo leaving the EU and lo ensufe negative impacts are mitigated and prior((ised by government and cornmissioners. Will continue lo advocate to ensure Wales's strategy, legislation and international convention requirements are deliver￿. We will be ensuring that the diverse interests and experiences of our member services and of survivors remoin al the centre of any approach to improve practice and prevent violence and abuse to ensure that no woman is left behind. 15- Welsh Women's Aid Company Limited by Guarantee Trustees. Annual Report {In¢orporating the Director's Report) (¢onlinuodJ Year ended 31 March 2024 Trustees. rgsponsiblllties statement The trustees, who are also directors for the purposes of company law, are responsible for preparing the Iruslees, report and the financial slalemenls in accord8n¢e wf(h applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting P1act￿e). Company law requires the charity trustees lo prepare financial statements for each year which gwe a true and fair view of the stale of affairs of the charitable company and the incoming resources and application of rg$ources, including the income and expenditure, for that period. In preparing these financial stslements, the trustees are required to.. select suitable accounting policies and then apply them Consistent￿., obseNe the methods and principles in the applicable Charities SORP- make judgments and accounting eslimates that are reasonable and prudent.. prepare the financial slatemenls on the going concern basis unless fi is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the charity's transactions and disclose with reasonable accuracy al any time the financial position of the charity and enable them to ensure that the financial statements wmply with the Companies Ael 2006. They are also ￿SponSible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and olhor iTregul8rities. Audltor Each of the persons who is a Imstee at the date of approval of this report confirms that.. so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware.. and they have taken all steps that they ought lo have taken as a trustee to make themselves aware of any relevant audit infomialion and lo establish that the charity's audiloi is aware of that informalKJn. Tho auditor is deemed lo have been re-appointed in accordance with Section 487 of the Companies Act 2006. The trustees. annual report was approved on trustees by.. and signed on behalf of the b0￿d of K Palmer- Chair H Kell- Deputy Chairl Treasuier 27 Nov 2024 27 Nov 2024 16- Welsh Women's Aid Company Limlted by Guarantee Independent Auditorfs Report to the Members of Welsh Women's Aid Year ended 31 March 2024 Oplnion We have audited the financial slalemenls of Welsh Women's Aid Ilhe 'charity'l for the year ended 31 March 2024 which comprise the slalemenl of financial activities lincluding income and expenditure accounll, slalemenl of financial position, slalemenl of cash flows and the related notes, in¢liJding summary of signfficanl accounting policies. The financial reporting framewofk that has been applied in their preparation is applicable law and Unrted Kingdom Accounting Standards, including FRS 102 The Financial Reportin9 Standard applicable in the UK and Republic ol Ireland Iunited Kingdom Generally Accepted Accounting Practice). In our opinion the financial slalements". give a tru8 and fair view of the slate of the charity's affairs as 8131 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended., have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opink)n We conducted our audit in a¢cordance wfih Inlemational Standards on Auditing IUK} IISAS IUKI} and applicable law. Our responsibilities under those standards are further described in the audilorfs responsibilities for the audit of the financial statements section ol our Teport. We are independent o* the charity in accordance with the ethical requirements that are ￿levant lo our audit of the financial slalements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibil((ies in accordan￿ wrth these requirements. We believe that the audti evidence we have obtained is sufficient and appropriate to provid& a basis for our opinion. Concluslons relatlng to going concern In auditing the financial statements. we have concluded that the Iruslees, use of the going concern basis of accounting in the prepaialion of the financial statements IS appfopriale. Bas￿ on the work we have performed, we have not identified any material uncertairilies relating lo events or Condit￿n8 that, individualty or colleclwely, may cast significant doubl on the charity's ability lo onlinue as a goin9 concern for a period of at least ￿e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilitiès of the trustees with respect lo going concern are described in the relevant sections of this report. 17- Welsh Women's Aid Company Limlted by Guarantee Independent Auditorfs Report to the Members of Welsh Women's Ald (conunued) Year ended 31 March 2024 other infomiatlon The olhei information compllses the infornialion included in the annual report, other than the financial statements and our audrtor's report thereon. The IrLtslees are responsible for the other information. Our opinion on the financial slalemenls does not cover the other information and, except to the extent otherwise explicilly stated in OLtr report, we do not express any fom of assurance conclusion thereon. In connection with our audf( of the financial statements, our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements 01 our knowledge obtained in the audit Of otherwise appears lo be materially misslalèd. If we identify such material inconsistencies or apparent material misslalemenls. we are required lo determine whether there is a ￿aterial misslalemenl in the financial statements or a material misstatement ofthe olher infoimation. If, based on the WOTk we have perfomed, we conclude that there is a material misslalemenl ￿thIS other information. we are required to report that fact. We have nothing to report in this regard. Opinions on othor matters prescribed by the Companles Act 2006 In our opinion, based on the woth undertaken in the course of the audit.. the information given in the trustees. report for the financial year foi which the financial stslemenls are prepared is consistent with the financial statements., and the trustees, report has been prepared in accordance wth apP￿C8b1e legal requirements. Mattors on whlch wg are required to report by exceptlon In the light of the knowledge and understanding of the charity and ris environment obtsined in the course of the audit. we have not identified material misslalements in tho trustees, report. We have nothing lo report in respect of the following matters in relation lo which the Companies Acl 2006 requires us lo report to you if, in our opinion.. adequate accounting records have not been kept, OT returns adequate for our audit have not been received from branches not visited by us; or the finanGial slalements are not in agfeement with the accounting records and returns., or certain disclosures of trustees, remuneration specified by law are not made,. or we have not received all the infomation and explanations we require for ou¥ audit., or the Iruslees were not entitled lo lake advantage ol the small companEs' exemptions from the requirement to PTepare a strategic report. 18 Welsh Women's Aid Company Llmited by Guarantee Independent Auditor's Report to the Members of Welsh Women's Aid (ton#nu8dJ Year ended 31 March 2024 Responslblllties of trustoes As explained more fully in the trustees, responsibilities statement, the trustees {who are also the directors forthe PUTposes of company lawl are responsible for the preparation oflhe financial statements and for being satisfied that Ihey give a true and fair view, and foi such internal control as the Iruslees delemiine is necessary to enable the preparalKJn of financial stslemenls Ihal are free fiom material misstatement. whether due lo fraud or e￿or. n preparing the financial statements, the Iruslees are responsible for assessin9 the charity's ability lo conlintje as a g￿ng concern, disclosing, as applicable. matters related lo going concern and using the going concern basis of a￿OUntIng unless the Iruslees either intend to li9uidale the charity or lo cease operations, or have no realistic alternative but lo do so. 19- Welsh Women's Aid Company Llmited by Guarantse Independent Audltor's Report to the Members of Welsh Women's Aid i¢on(inv*dJ Year ended 31 March 2024 Audltorfs rosponslbllities for the audit of the financial statoments Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are Iree from material misstalemenl, whether due lo fraud or error, and lo issue an auditor'5 report that includes our opinion. Reas(Inable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will a￿vayS detect a material misstatement when It exists. Misst8lements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on th& basis of these financial statements. Irregularities. includi￿g fraud. are instances of non**Company Limited by Guarantee**
**Statement of Cash Flows**
**Year ended 31 March 2024**||| |---|---|---| ||**2024**|2023| ||£|£| |**Cash flows from operating activities**||| |Net expenditure|**(255,699)**|(16,856)| |_Adjustments for:_||| |Depreciation of tangible fixed assets|**28,350**|34,760| |Interest payable and similar charges|**84**|108| |Accrued (income)/expenses|**(34,820)**|104,913| |_Changes in:_||| |Trade and other debtors|**118,079**|(294,328)| |Trade and other creditors|**(104,668)**|(560,983)| |Cash generated from operations|**(248,674)**|(732,386)| |Interest paid|**(84)**|(108)| |Net cash used in operating activities|**(248,758)**|(732,494)| |||--| |**Cash flows from investing activities**||| |Purchase of tangible assets|**(1,366)**|(8,482)| |Proceeds from sale of tangible assets||413| |||--| |Net cash used in investing activities|**(1,366)**|(8,069)| |**Net decrease in cash and cash equivalents**|**(250,124)**|(740,563)| |**Cash and cash equivalents at beginning of year**|**870,197**|1,610,760| |**Cash and cash equivalents at end of year**|**620,073**|870,197| **The notes on pages 26 to 45 form part of these financial statements.** • 25 - Welsh Women's Aid Company Limlted by Guarantee Notes to the Flnanclal Ststements Year ended 31 March 2024 General Infommtlon The Ch￿ty rs a public benefit entity and a private company limrfÉed by guarantee. regiStergJ in England and Wales and a registered chanty in England and Wales. The address of the registered office is Pendragon House, Caxton Place, Cardiff, CF23 8XE. statement of compllanc? These finan¢iJl 8tatements have been prepared in complianca with FRS 102, 'The Financial ReportiThJ Standard applicable in the UK and the Republbc of Ireland.. the Slalemenl of Recc*nmendgd Practice aPPl￿ble lo charities preparing their accounts in accordance with the Financkn￿ Reporting Slandard applicable in the UK and RepUl￿1C of Ireland {FRS 1021 Icharil SORP (FRS 102)) and the Companies Act 21)J6. Accountlng pollcles Basis of prepar•tlon The financial sL8tements have been prnpared on the historical cost basis. The financial slatemenls have been prepared on the historical cost basis. The financi￿ slalements are prepared in slefliry. which the functional currerKy of the entity rounded lo the nèarest POLbnd. Going concorn A review of the organisalion is undertaken annually in line with ISA IUKI 570 to assess the going concern status of the organisalion. The assessment is undertakon as part of the budget setting process foi the folknling yeaf in the IKJhl of the forecast financial statements for the current year. The assessment considers key foreeasls for income generatson. expendrture. planned 8CtNities, risk iegisler, cashllow, organisatb)nal perfomance, external factors and contingencies rèquired to $gcur9 future business cpeTatBM$ of the organisation. Truste8s consider that, having reviewed the management assessment, that Welsh Women's Aid can be considerod a going concern for the foreseeable future arKI that surtable rlsk mitigations and contingencies are in place. Judgements and kèy sources of 6stlmation uncertalnty The preparalion of the financial statements requires management to make judgements. esb'matss and assumptions that 8ffect the amounts reported. These estimates and judgements are Continually reviewed and are based on experience and other factors, including eXpectalK￿￿ of future events that are believed lo be rgasonable under the circumstances. Fund accounting The charty maintsins a geneTJ unreslrKted fund which repiesents fvnds whKh are expendabk at the discretion ol the Iruslees in furtherance of the obj'ecls of the charity. Such fund8 may be hekj in order lo finance both working C8Prtal and capital investmanl. Restricted funds have been provided to the charity for particular purposes. and it is the policy of the board ol Iruslees lo carefulty monitor the applicalion ol those funds in accordance wrth the restrictKJn$ placed upon them. y proFosed transfer between funds would be considered on the particular circumstances. Welsh Women's Aid Company Limlted by Guarantee Notes to the Financial Statements f¢onllnygd) Year ended 31 March 2024 Accountlng pollcies (conunuedj Incoming resources All incoming resources are included in the statement of financial aclNities when entitlement has passed lo the charity,. il is probable that the econom￿ benefits associated with the transaction will flow lo the charity and the amount can be reliabty measured. The following specFfic policies are applied lo particular categories of income.. income from donakn'ons or grants is recognised when there is evidence of enliuement to the gift, receipt is probable and (ts amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical lo measure reliably, in which ￿se the value is derived from the cost to the donor or the estimated resale value. Donated f8cilities and services are recognised in the accounts when received rf the value can be reliably measured. No amounts are included for the eonlllbulion of general volunteers. income from conliacts for the supply of services is fecognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a conlra¢lual fequiremenl for il lo be spent on a particular purpose and returned if unspent, in which case it may be regarded as reslricled. ReSoU￿eS expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings ofthe stslemenl of financial activities to which il relates.. expendf(ure on raisin9 fvnds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charty in undertaking activities that further its charitable aims for the benefit of ils beneficiaries, including those support costs and costs relating lo the govemance of the charity apportioned to charitable aclivilies. other expenditure includes all expend((ure that is neither ￿lated to raising funds for the chalily nor part of its èxpenditure on char51able aclivilies. All costs are allocated to expenditure Categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly lo that activity. Shared costs are apportioned between the activities they conlribLtte lo on a reasonable, jusliliable and consislènl basis. -27- Welsh Women's Ald Company Limited by Guarantse Notes to th• Financlal Statements Year ended 31 March 2024 Accountlng policies {conUnu• T•nglbl• assets AJI fixed assets are initially recorded at Cost. DeprKlatlon Depreciation is calculated so as to write off the cost or valuation of an asset. les5 rts resklual Va￿￿, over the useftbl econom￿ lrfe of that asset as foll(ws.' Freehold Propety Equipmènt 2% p.a. Slraighl Line basis 2511h p.a. Straight Line basis Impalrniont of fixed assots A reviw for Indicate￿ of impaimHIt ig carried out 81 each reporting dale, with the recoverable amount being eslimaled where such indicators exist. ￿ere the carrying value exceeds the recoverable amount, the asset is impaiied accordingly. Pfior impailmenls are also revw48d lor possible reversal al each reporting dale. Flnanclal Instruments A fina￿TraI as5el or a financial liability is rttognised only when the entity bècomes a party lo the conlraclual provisions ol the instrument. Bas￿ financial instruments are ini(ially recognised al the amount re¢eNable or payable including any related transaction costs. unless the arrangement consbtutes a financir¥J transaction. where il is recognised at the present value cl tt* futur8 payments discounted at a market Tale of inlerost for a similar debt instruwML Current assets and ¢urrent liabilities are subsequently measured al the ￿sh or other conshderalion expected lo be paid or received and not discounted. Deflned contribution plans Contributions to defined contribution plans are recognised 88 an expense in the period in which the related service is providod. Prepaid contributions are recogni5ed as an asset lo the extent that the prepayment will lead lo a reduction in future paymonls or a cash refund. -28. Welsh Women's Aid Company Llmlted by Guarantee Notes to the Financial Statements (¢ontinugd) Year ended 31 March 2024 Limited by guarantee The charity is incorporated under the Compani&s Act 2006 and 15 limited by guarantee, each member having undertaken lo contribute such amounts not exceeding one pound as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter. There are 20 members of the company12023.. 20 members). Donations and legaeies Unreslrided Funds Reslricled Total Funds Funds 2024 Donations Legacies Membeiships 76,207 10,000 14,997 76,207 10.000 14,997 101,204 101.204 Axhough there was no increase in the number of Welsh Women's Aid members in 2023r24, the membership fees increased due lo some membeTS reaching the threshold for the higher banding lor fees, Unreslricled Funds Restricted Totsl Funds Funds 2023 Donations Legacies Memberships 57,592 57,592 13.150 13,150 70.742 70,742 -29- Welsh Women's Aid Company Limited by Guarantee Notes to the Financial Statements (eoni?nutydJ Year ended 31 March 2024 Charltable ActivÈties Unreslrided Funds Restricted Total Funds Funds 2024 Services as part of direct charitable activities Training income Access to Work ACE - HUB Funding- Change that Lasls ACE WG Funding- Membership Apprenticeship Scheme Development Bystander Intervention Training Train the trainer CAF Sector Resilience Project Cheshire DA Matters Ir8ining Esmee F8irbairn Foundation Funding Home Office Children Affected by Domest￿ Abuse Lincolnshire DA Matters training Ministry of Justice ISVA IDVA Moondance Period Dignity Project Sanltrell Bystander Sexu81 Violence Helpline South Wales PCC Bystander Intervent￿nS South Wales PCC Change that Lasls Project South Wales PCC DA Matters South Wales PCC Support South Wales PCC Support and Female Offending Blueprint ITRNI Swansea CBC Trusted Professional Training Tampon Tax Sector Strength Cymru The Sam & Bella Sebba Charitable Foundation VAWDASV Blueprint Children and Young People- SSE Walerkm) Foundation Ask Me WCVA 3rd Sector Resilience Fund for Wales Welsh Government Ask & Act Trainin9 Welsh Government Grant - Core Funding Welsh Government Grant- Live Fear Free Helpline Welsh Government - National Tiaining Fiamework Western Bay Ask Me 9,910 26,459 9.910 47,459 21.000 4,999 4,999 179,335 29,682 179.335 29,682 38.376 1.016.912 38.376 1.016.912 45,334 30,204 4S,334 30.204 16,677 5,758 314,257 33,768 26,620 68.000 16,677 5,758 314.267 33,768 26,620 68.000 18,561 20.000 32,190 18.561 20,000 32,190 45.000 640,231 516,317 18,882 45,000 640,231 516.317 18.882 74,745 3,083,727 3.158.472 The reported deficit in year is due to a significant drop in Iiaining income which has now been mitigated by a reslruclure of the Training Departsmenl and the planned expenditure on development activicies delivered duiing the year funded from Designated Reserves. See Note 21. -30- Welsh Women's Aid Company Limited by Guarantee Notes to the Financial Statements (¢OntInu￿) Year ended 31 March 2024 Charitable Activities (contlnu•dJ Unrestrided Funds Restricted Total Funds Funds 2023 Setvices as part of direct charitsble aclimtie Training income Access lo Work ACE- HUB Funding- Change that Lasts ACE WG Funding- Membership Apprenticeship Scheme Development Bystander Intervention Training Train the trainer CAF Sector Resilience Project Cheshire DA Matters training Esmee Fairbairn Foundation Funding Home Oflicè Children Affected by Domestic Abuse Lincolnshire DA Matters training Ministry of Justice ISVA IDVA Moondarbce Period Dignity Project Sandwell Bystander Sexual Violence Helpline South Wales PCC Bystander Interventions SoL*th Wales PCC Change that Lasts Project Solrth Wales PCC DA Matte SoLrth Wales PCC Support South Wales PCC Support and Female Offending Blueprint ITRNI Swansea CBC Trusted Professional Training Tampon Tax Sector Strength Cymru The Sam & Bella Sebba Charitable Foundation VAWDASV Blueprint Children and Young PeopleYP -SSE Waterloo Foundation Ask Me WCVA 3rd Sector Resilience Fund for Wales Welsh Government Ask & Act Training Welsh Government Grant- Core Funding Welsh Government Grant- Live Fear Free Helpline Welsh Government- National Training Framework Western Bay Ask Me 62,789 30.541 62,789 30,541 3,930 48,591 38,820 3.930 48,591 38,820 8.167 197,834 19,206 8,167 197,634 19,2C6 123,979 437,193 50,634 123,979 437,193 50,634 35,000 4,175 71,923 16.452 420,423 31,356 35,000 4,175 71.923 16,452 420,423 31,356 117.912 20,000 79,267 117,912 20,000 79,267 2,089 31.254 42,650 661,386 525,924 19.290 60.002 2,089 31.254 42.650 661.386 525.924 19,290 60,002 217,309 2,943,278 3,160,587 31 Welsh Women's Ald Company Limited by Guarantee Notes to the Financial Statements (¢oniinu8d) Year ended 31 March 2024 Other tradlng actlvities Unrestricted Funds Restricted Total Funds Funds 2024 Secondment of staff Miscellaneous Income RcM)m Hire 89.203 89,203 240 89.443 89,443 Unrestricted Funds Reslrieled Totsl Funds Funds 2023 Secondmenl of staff Miscellaneous Income Room Hire 70,236 1,000 70,236 1,000 71.236 71,236 -32- Welsh Women's Aid Company Limited by Guarantee Notes to the Financial Statements (¢ontlnuod) Year ended 31 March 2024 Expendlture on charitable actlvltles by fund type Unrestricted Funds Reslricled Total Funds Funds 2024 Core SeNices Training - External ACE Hubs Bystander Intervention Training.. Train the trainer CADA Ask Me CAF - Sector Resilience Project Cheshire DA Matters training Esmee Fairbairn Foundation Home offi￿ Children Affected by Domestic Abuse Lincolnshire DA Matters Training MOJ ISVA IOVA Moondance Foundation Period Dignty Project Rape Crisis Sexual Violence Helpline Sam & Bella Sebba Foundation Sandwell Bystander South Wales PCC Bystander Inlervenlion$ South Wales PCC Change that lasts prqecl South Wales PCC DA Mallers South Wales PCC Support and Female Offending Blueprint Swansea CBC Trusted Professional Training SWPCC Training delivery Tampon Tax Sector Slfenglh Cymru VAWDASV Blueprint Children and Young People SSE Waterloo Foundation Ask Me WCVA 3rd sector resilience fund for Wales Welsh Government Ask & Act Training Welsh Government Live Fear Free Helpline Welsh Govemment National Training framework Western Bay Ask Me Support costs 251,666 207,563 568,998 820.664 207.563 168,256 25,682 168.256 25.682 38,376 1.006.153 38,376 1,006.1S3 45,334 29.500 45,334 29,SOO 15.5go 6,168 15.590 6.168 5,628 288.815 30,454 88,620 5.628 288.815 30.454 88.620 21,000 21,000 20,000 27,109 20.000 27,109 38,687 45?,340 16,740 38,687 451,340 16,740 33.469 219,670 3.073,744 253,139 531,074 3.604,818 -33- Welsh Women's Aid Company Limited by Guarantee Notes to the Financial Statements {¢onlthuodJ Year ended 31 March 2024 Expendlture on charitable activitles by fund type (¢Oftfrnu¢dJ Unrestricted Funds Restricted Total Funds Funds 2023 Core Services Training - Extemal ACE Hubs Bystander Intervention Training.. Train the trainer CAF- Sector Resilience Project Cheshire DA Matters training Esmee Fairtjairn Foundation Home Office Children Affected by Domestic Abuse Lincolnshire DA Matters Training MOJ ISVA IDVA Moondance Foundation Period Dignity Project Rape Crisis Sexual Violence Helpline Sam & Bella Sebba Foundation Sandwell Bystander South Wales PCC Bystander Interventions South Wales PCC Change that lasts prr4ect South Wales PCC DA Matters South Wales PCC Support and Female Offending Bluepnnl Swansea CBC Trusted Professional Training SWPCC Training delivery Tampon Tax Sector Strength Cymru VAWDASV Blueprint Chiklren and Young People SSE Waterloo Foundation WCVA 3rd sector resilience fund for Wales Welsh Government Ask & Act Training Welsh Government Live Fear Free Helpline Welsh Government National Training fiamewoH( Westem Bay Ask Me Support costs 190,093 43,440 606,815 796,908 43,440 75,069 8.167 188,338 17.285 125,235 432,379 45.571 75.069 8,167 188.338 17,285 125,235 432.379 45,571 35,000 73,923 35.000 71,923 4,175 16,452 394,555 24,843 109,321 18,000 4,175 16.452 394,555 24,843 109,321 18,000 71,320 71,320 1,089 30,433 35,553 489,821 19,290 54,002 193,877 1,089 30,433 35,553 489,821 19,290 54,002 211,252 17,375 376.143 2,943,278 3.319,421 -34- Welsh Women's Ald Company Limited by Guarantee Notes to the Flnancial Statements (conunu Year ended 31 March 2024 Expendiiure on charltable actÈvities by activty type Activities undertaken Grant funding directly of activities Support Costs Total funds 2024 Total fund 2023 Core Services Training - External ACE Hubs Bystander Inte¢venlion Trainin9.- Train the trainer CAF - Sector Resilience Project Cheshire DA Matters training Esmee Fairbairn Foundation Home Office Children Affected by Domestic Abuse Lincolnshire DA Matters Training MOJ ISVA IDVA Moondance Foundalion Period Dignity Project Rape Crisis Sexual Violence Helpline Sam & Bella Sebba Foundation Sandwell Bystander South Wales PCC Bystander Interventions South Wales PCC Change that lasls project South Wales PCC DA Matters South Wales PCC Support and Female Offending Blueprint Swansea CBC Trusted Professional Training SWPCC Training delivery Tampon Tax Secloi Strength Cymru VAWDASV Blueprint Children and Young People SSE Walerlix) Foundation Ask Me WCVA 3rd sector resilience fund for Wales Welsh Govemmenl Ask & Act Trainin9 Welsh Govemmenl Live Fear Free Helpline Welsh Govemmenl National Training framework Westem Bay Ask Me 820,664 207,563 99,729 9,971 920.393 217.534 882,945 53,279 87,411 8,167 188,256 25,682 38.376 108.548 11,079 4.000 179.335 29,682 38,376 1.016.912 197,634 19,206 125,235 437,193 50,634 897,605 10.759 45.334 29,500 45.334 30,204 704 35.000 71,923 15,590 6,168 1,088 2,410 16,878 8.578 4,175 16,452 5,628 130 5.758 180,139 30,454 88,620 108.676 25,442 3,314 6,1)00 314,257 33,768 94,620 420,423 31,356 117,912 20,000 21,000 21,000 79.267 20,000 27,109 20.000 32.190 5.081 2,089 31.254 42.650 525,924 38.687 451,340 6.313 64,977 45,000 516.317 16,740 2,142 18,882 19,290 80,002 2,345,398 1,006,281 253,139 3.604.818 3.319,421 -35- Welsh Women's Aid Company Llmlted by Guarantee Notes to the Financial Statements Year ended 31 March 2024 10. Anaty¥ls of 3UPPOrt costs Home Office - Children Rape crisis South Wales Affected by sexL ScArth Sam & Bella pcc Domest ¥￿ence Mcondance Wales PCC Sebba Bystander Abuse helpline Foundation DA Matters FOundat￿n Intétvenlion8 CAF- Sector Resilience Cheshire ProieGI DA Matt¢rg Staff costs Other office costs 7,848 3,231 4,000 91,330 8,399 6,634 4,125 3.314 1.589 821 1.088 704 11.079 4.000 99.729 10.759 1.088 704 3.314 2,410 130 South Wales PCC South SLSPPOrt and Wales PCC Female Change that Offending lasts project Blueprint Wal$h Welsh Government W818h Govemmenl Liv8 Fear Government Ask & Act Free Training Training Helpline Network Total 2024 Total 2023 Training Waterloo External Foundation Staff costs Other office costs 15,923 9,519 1.500 8,471 9,971 3,236 1,845 5,081 4,000 2,313 26,000 38,977 1,888 254 167,312 85,827 253,139 138,784 72,468 6,000 6,000 25.442 6,313 64,977 2,142 211,252 Welsh Women's Aid Company Llmited by Guarantee Notes to the Financlal Statements f¢onWnu•d) Year ended 31 March 2024 11. Analy81s of grants 2024 2023 Grants to institutions Grants lo member instrtutions- Change that Lasls Grants to institutions- PeriThl Dignty ProiKt Grants lo institutions- Home oifKe Children Affected by Domestic Abuse 108,676 205,264 30,113 897,605 1,006.281 384.243 619.620 Total grants 1,006,281 619.620 11 Not expenditure Net expenditure is staled after charging.. 2024 2023 Depr￿lalit￿ of tangible fixed assets Operating Leases Audrt fees (including VAT) 28.350 27.415 5,215 34,760 27,415 4.920 13. Stsff costs The t¢?￿ staff costs and employee benèffts for the roporting pwiod ar8 analysed as follrMs'. 2024 2023 Wages and salaries Social security cost$ Employer wnlribulions lo pension plans 1.842.332 171.348 99.009 1.921.364 186.773 96,962 2,112,689 2,205,099 The average head count of enwloyees during the year was 6912023.. 791. The average numbor of fu114ime equlva￿nt ern￿OYeeS during the year is anatysed as fol￿.. 2024 No. 2023 No. Administrative staff Sèrvice delNery 16 15 48 63 The number of employees whose remuneration for the year fdl within the follwng bands. were." 2024 2023 No. No. £60,000 10 £69.999 £70.000 to £79.999 -37- Welsh Women's Aid Company Llmlted by Guarantee Notos to tho Flnan¢ial Ststemants f¢onttrtu•dJ Year endod 31 March 2024 13. Staff costs {£¢￿11￿￿0) K•y Managoment P9rsonn The key management pefscrf)nel of the Charity are those person8 having authority and responsibility for planning, direcling and controlling the activilies of the Chaiity. directly or indirectty. including any Trustee ol the Charity. In addIt￿n lo the Trustees, key managernonl personnel includes 1 of the Principal Officers. Aggregate remuneration and benefrt5 paKI lo key marEagemenl personnel durin9 the year amounted to £83,174 {2023'. £84,069). 14. Tru¥tg• remungration and expensès No remuneration or other beneffts from employment wf(h the charity ￿ a related entity were received by Ihe trustee$12023'. nil). During the year there were expenses of £125 re￿nbUr$&j lo one Iruslee 12023.. £203 to two truslees}. 15. Transfèrn ￿twoe￿ funds Nel transfers detailed in note 21 relate lo the transfer of depreciation charged OD caprtal items during the year. 16. Tanglble Ilxed assets Fre8hold Propety Equipment Total At 1 April 2023 Addrti¢)ns Disposals At 31 March 2024 439.672 135.924 1,366 117.7171 119,573 575.596 1.366 117.7171 559.245 439.672 Depre¢lation Al 1 April 2023 Charge for the y8ar Disposals At 31 March 2024 96.436 8,793 107,257 19,557 (17,7171 109.097 203.693 28.350 {17,7171 214.326 105.229 C•rrylng amount At 31 March 2024 334,443 10,476 344.919 At 31 March 2023 343,236 28,667 371,903 17. O•bto 2024 2023 Trade debtors Prepayments and accwed income 328.865 321,253 650,118 421,499 346,698 768,197 Welsh Women's Aid Company Limited by Guarantee Notes to the Flnanclal Statements (contlnuedj Year ended 31 March 2024 18. Cr•dltov•: amounts falllng du• wlthin on• year 2024 2023 Trade ctèditors Accruals and deferred income Social securty and other taxes 370.828 326,643 41,884 739.356 342,029 479,167 57.647 878.843 19. D•ferred Income 2024 2023 Al 1 Apn'l 2023 Amount re￿aSed lo income Amounl deferred in year At 31 March 2024 261.333 610,260 1261.3331 1610,2601 143,629 261,333 143.629 261,333 Grant funding Included within Delerred income and accruals as * 31 Ma￿￿ 2024.. 2024 2023 27,610 7,332 3.650 Development work public affails Oisabilities Trust Esmee Fairbairn Soulh Wales PCC Change th* Jasts project Soulh Walès PCC DA Matters South Wales PCC Support Chil￿ren and young people blueprint South Wales PCC Support arKI fernale offending blu•pfint SoLrth Wales PCC Training Training The Big GNe The Sam and Bolla Charitable trust Waterl¢)0 Foundation Welsh Government Live Fear Free Helpline 3,650 16,623 81.654 33,768 20,000 10,000 21,000 2,775 1,439 16,101 7.896 13.218 20.OC#) 23.101 143.629 261,333 20. Pènslons and olh8r post rgtlr•m•nt ￿nelIts Deflnfjd contribution plans The amount recognised in income or expenditure as an expense in relation lo defined ￿tributIon plans was £99,009 (2023., £96,962). -39- Welsh Women's Ald Company Llmlted by Guarantee Notes to the FSnanclal Statements (¢onthu• Year ended 31 March 2024 21. Analysis ol ch•rll•ble funds Unrgstrictod funds At 1 April 2023 At 31 M•r¢h 2024 Income Expenditure Transfers Unrestitted Fund Designated 651,551 108.000 265,392 1448,0741 52,948 {83,0001 125,000) 759.551 265,392 1531,0741 27,948 621.817 The reported deficrt in year is due lo a sBJnth¢ant drop in forecast training income wh￿h has been mitigated by a feslnjclure of the Training Department and the planned expendf(ure on devek)pment livities delwered during the year funded from 06srgnated ReseN8s. See Note 21. 521,817 D•slgnated fund There has been no destgnation of ftjnds lor lulure use. Of the designated reserves brought forward £83,000 reserves have been expended development activities required to achiev& the charity's ieclives in 202W24, made up of.. 2024 Apprenliceshw Scheme Development Training Course Development Malernty Cover Strategic Review 40.0 20.OCKJ 8.000 At 31 March 2023 1 April 2022 Income Expenditure Transfers Unrestricted Fun¢J Designated 661,323 100,000 359.287 1376,1431 7,084 8.000 651,551 108,000 761.323 359,287 1376.1431 15,084 759.551 D•signated lund Trustees have designated £108,000 re8erve8 fordeveh)pment aclivitres required to achieve the charity's c+Jjectives, mado up of.. Sedor Apprenticeship Scheme Development Training Course Development M8lernty Cover Marketing Change That Lasts Approach Strategic Revlew Research Prolect 40.000 20.000 8,000 10.000 15,000 15.000 108,000 Welsh Women's Aid Company Limited by Guarante• Notes to the Financial Statements (¢¢ftl Year ended 31 March 2024 21. Anatysls of charflablg funds fco*thwd) Restricted funds At 1 April 2023 At 31 March 2024 Income Expenditure Transfers ACE Hubs Apprenticeship Scheme Development 8ysl8nder Inletvenlion Training train the trainer CAF - Sector Resilience Project Capital Equipment l.T. Cheshire DA Matters training Corg Service$ Home Office Children Affected by Domestic AbLtse Lincolnshire DA Matters Training MOJ ISVA IDVA Mcondance Fcmjndation National VIO￿nCe Against Wcrfngn Centre of Exeellence PeiK*J DvJrbty Proj￿1 Rape Crisis Sexual Violence Helplin Sam & Be118 Sebba Foundation San¢lwell Bystsnder South Wales PCC Bystander Interventions South Wales PCC Change that lasls project South Wales PCC DA Mattels South Wales PCC Support and Fèmale Offending Blueprint Swansea CBC Trusted Piofes5ional SWPCC Training del'very Tampon Tax- Sector Strength Cymru VAWDASV 81u8print Children arxl Young People SSE Waled¢)o FourKlation Ask M& WCVA 3rd Sectof Resilience Fund for Wales Welsh Govemmenl Ask & Act Training Welsh Govemmenl Live Fear Free Helpline Welsh Government National Training Fiamewo Western Bay Ask Me 4.999 14,9991 179.335 1179,3351 28,667 {19.1551 9.612 29,682 640,231 {29.6821 1640,2311 1.016,912 {1,016,9121 45,334 30,204 145.3341 130,2041 343,236 18,7931 334,443 16,677 18,S61 116,6771 18,5781 9,983 5,758 15,7581 314.257 33.768 94.620 {314,2571 133,7681 194.620) 21.000 {21,1ThXII 20.C 120,C(i)I I32,1￿) 32,190 45.000 145,OCO 516.317 1516,3171 18,882 118,8821 371,903 3,083,727 13.073,7441 127,9481 353.938 41 Welsh Women's Aid Company Limlted by Guarantee Notes to the Financlal Statements (conthu•d) Year ended 31 March 2024 21. Analy¥is of charitable funds {Conth￿d) At 1 April 2022 At 31 March 2023 Income Expenditure Transfer8 ACE Hubs Apprenticeship Scheme Development Bystander Internenlion Training train the Irainer CAF - Sector Resiliènce Prqect Capital Equipment l.T. Cheshire DA Matters Ir8ining C￿e SeNices Home Office Chilthen Affected by Domest￿ Abuse Lincolnshire DA Matter8 Training MOJ ISVA IDVA MoorKlance Foundation National Violence Agalnsl Women Centre of EX￿llenCe Pefiod D￿nity Project Rape Crisis Sexual Violence He￿11 Sam & Bella Sebba FourKlalion San(Iwell Bystander South Wales PCC Bystandef InlervènlKJns South Wales PCC Change that lasts project South Wales PCC DA Mattgr5 South Wales PCC Support and Female Offending Bluepfinl Swansoa CBC Trusted Professional SWPCC Training delivery Tampon Tax- Sector Strength Cymru VAWDASV Blueprint CYP SSE Waterloo Foundation Ask Me WCVA 3rd Sector Resilience Fund for Wales Welsh Government Ask & Act Training Welsh Government Live Foar Free Helpline Welsh Governm￿ National Trnining Framewofk Western Bay Ask Me 87.411 187,4111 8.167 197.634 18,1671 1197,6341 34,958 16,2911 28,667 19,2L e85,316 119,206) {665.316) 437,193 50,634 1437,1931 150,6341 352,029 18.7931 343.236 35.oc 71,923 171.9231 4.175 14,1751 16,452 116,452) 420.423 31.356 1420,4231 131.3561 117.912 20,000 1117,9121 120,0(M)I 79.267 (79.267) 2,089 12,0891 31,254 42,650 131,2541 142,6501 525.924 1525,9241 19,290 P)0,002 119.2901 160,0021 2,943,278 12.943,278) 386,987 (15.084) 371.903 -42- Welsh Women's Ald Company Llmlted by Guarantee Notes to the Financlal Statements (conithu•dJ Year ended 31 March 2024 21. Analy81s of charllabl• funds (conlinu•d) ACES HLbb- Developm8nt of Ch8ThJe tt￿1 L•sts approxh for chibjren arKI young people Apprenticeship SCI￿ne Development Level 4 Accredited Violence against Women, Domesti Abuse and Sexual Violence Qualif￿tiOn. Contribution from Welsh Government. Bystander Intervention Training train the trainer lo enable establishn*nts to deliver the stheme direcuy lo young people. CAF s￿Or Resi1￿ne8 Prqect lo support SLtMvor engagomenl and capacty building for Capital Equipment- capital reserve relaled lo the purchase of IT equpmenl. Cheshire DA Matters Iraining to Cheshire Police Force under Colege of P¢)king ltil￿e. Welsh Govemmenl Core Services- provKling support to Welsh Women's Aid membership, advice and consuttalbon relating lo policy and legislation. semce development and research, representing the voice of specialist services, executive and organisalional management. Home Office Children Affethd by Domestic Abuse Fund- Development of the Change that Lasts approach for children young Fecplg. Linwln$hirg DA Matters training lo Lincolnshire Police Force undgr Colbge of Policing licence. Ministry of Justice training for quaIrf￿d ISVAS and IDVAS in Wales. Moondance- Development of the Apprentieeship Scheme in Wales. National Violence Against W¢Thn Centre of Excelb2n¢e - capital reserve relaled lo Ihe purchas& of Pendragon House. Penod Dignity Project funded by W¢lsh Govgrnm6nt lo provide period products in specialsl semce I￿at￿n in Wales. Rape Crists England and Wales- IAlales eonlribulion lo Sexual Violence Helpline lo supwt the implementation ofthe eontr&l. Sam & Bella Sebba Foundation funding for engagement and improvement of services lo the deaf communty. San￿ell Bystander Intervention training for young poople in the West Midlands. South Wales PCC 8yslarKJer Training for young people in educational eslabiishmenl$. South Wales PCC Change that Lasls - Additional funding to roll out the approach South Wales DA Matters training lo South Wales Force under College of Pol￿1ng 1￿ce. South Wale$ PCC - Female Offender 8luepfinl Training for professionals supporting suNvo engaged in the criminal jUst￿e prO￿s. 4> Welsh Women's Aid Company Limlted by Guarantee Notes to the Financlal Statements (conlknugrfj Year ended 31 March 2024 21. Analy$i$ of charitable funds (Conllnutd) Swansea CBC Change that Lasts Trusted Professional training for rkon-5pecialist professionals engaging with sumvors and p8rpelrators. South Wales PCC addl1￿)nal DomestK Abuse awareness trainlng Tampon Tax- Sector Strength Cymru funding to provide additional specialist response Welsh Government VAVVDASV Blueprint research Into SgrvtGes provth to thildren and yourvJ people in Wales. 14V*erloo FouTrJalion- Role out of Change that Lasts Ask Me Community Project in North Wales VA 3rd Sector Resilience Fund lo support sgrvKe develcymenl due to COVKI 19 TrainiThJ Ask and Act Wdsh Govemmenl funded training programme for relevant aulhortrties under the Violence Against Women, Domestic Abuse and Sexual Violence National Training Framework. Vlelsh Goverrment Lrvg Fear Freg Helpline- national 24n helpline for survivors of viobnce against women, domest￿ abuse and soxual violence including women, men and children. Support for professionals working wK(h survivors and advico to concerned members of the public. Welsh Govemmenl Nats"onal Training Framework for Group 6 Leaders. Funding for the delivery of Change that Lasls Ask Me in Western Bay 22. Analysls of net ass•ts batween funds Unreslricled Fund$ Reslricled Total Funds Fur)ds 2024 Tangible fixed assets Current assets Creditors less than 1 year Not assets 343,955 9,983 344,919 1.270.191 1739,3551 87S,755 1,260.208 {739,355) 521.817 353,938 unrestr￿ed Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors188S than 1 year Not assels 371,903 371,903 1.638,394 (878,8431 1.131,454 1.638,394 1878.843} 759.551 371,903 23. Anatysls of Ghanggs In net debt At At 1 Apr 2023 Cash 11(hvs 31 Mar 2024 Cash al bank and in hand 870.197 1250,124) 620.073 Welsh Women's Aid Company Llmlted by Guarantee Note8 to the Flnancial Statements {eonLTnued) Year ended 31 March 2024 24. Operating lèts• commltm•nts The total future minimum lease payments under non-cancellabie operats'ng leases are as folknws: 2024 2023 Laler than 1 year and not latw than S years Lalef than S years 6.087 1136 6,087 2.135 8.222 8.222 25. Umltsth)n of audltOf5 liablllty By way of a members. resolution dated 16th November 2023, the company has agr￿ to enter into a limi(ed liability agreement wth tts auéitors whereby their exposure lo legal claims is limiled to £50,000 per claim. 26. R•lated partloy There were no related party transadions incU￿ed during the year. -46-