OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

Annual Report and Audited Financial Statements 31[st] March 2021

Company Registration Number 06886781 (England and Wales) Charity Registration Number 1143513

Contents

Reports
Reference and administrative information 2
Chair’s foreword 3
Trustees’ report 4
Independent auditor’s report 22
Financial statements
Statement of financial activities 25
Balance sheet 26
Statement of cash flows 27
Principal accounting policies 28
Notes to the financial statements 30

The following page does not form part of the financial statements: Detailed analysis of income and expenditure

The Trustees present their statutory report together with the financial statements of Woman’s Trust for the year ended 31 March 2021.

This report has been prepared in accordance with Part 8 of the Charities Act 2011 and constitutes a directors’ report for the purposes of company legislation.

Woman’s Trust is constituted as a charity registered for charitable purposes with the Charity Commission (Charity Registration Number 1143513) and a company limited by guarantee (Company Registration Number 06886781).

1

Woman’s Trust Trustees’ Report Year to 31[st] March 2020

Chair’s foreword

Chair’s & CEO’s foreword

The last year has been a very challenging one for everyone, coping with the Covid restrictions. In particular for all those with existing mental health problems caused by domestic abuse, and those women still living with their abuser who have been trapped for long periods. We know their mental health deteriorated, and their trauma deepened, so that the effects will be long-lasting unless they are able to access long-term support like ours.

We were pleased that both national and local government responded with emergency funding, money that had not been available before - but it is clear that, when the need is recognised, funding can be made available by the Government. The extra funding meant we were able to meet the costs of the change to how we delivered services such as investments in basic technology. We were also able to help some women directly with the technology they needed to access our services, and introduce phone check-ins for those women who could not engage in regular sessions, thereby extending the support we were able to provide.

However, the application process for government funding was very demanding of smaller charities; the funding was slow in coming through, and some time limits (some as little as 6 months) were set on when the money was to be spent. Mental health services such as ours need longer-term funding. The demand for our services was far greater than the funding provided, and though we delivered a record number of sessions, we could have done more.

It has been a tough year for charities in general, with many fewer organised fundraising events. Corporate funding dropped as companies sought to cope with the financial pressures on their businesses. However, many of our supporters were imaginative in what they could do to raise funds in different ways, and many simply donated. We, and the women who benefit from the free support that we are able to provide as a result, are eternally grateful.

Many of our Trust and Foundations funders responded with much-needed flexibility in how we spent their funding, for example enabling Woman’s Trust to switch resources from one service to another so that we could meet women’s immediate needs. This gave us certainty in our budget, and we were able to take on more employed counsellors to meet the increased demand from clients who accessed more sessions than clients in previous years. This reflected both increased trauma levels and that some clients were able to participate for longer because they could access our service from home.

At Woman’s Trust, we know the extra support provided during the pandemic will be challenging to sustain. Although we expanded our service, we continued (and continue) to have to turn women away – the demand is so great. Fundraising to sustain our current level of service is a key priority for future years.

We were pleased to see the media publicity highlighting both domestic abuse and mental health issues during the pandemic, but despite well-organised campaigns, there remains very little acknowledgement of the link between the two – the biggest single cause of depression in women is domestic abuse and other mental health effects include anxiety, trauma (PTSD) and suicidal thoughts. On average, two women a week are killed by their partner or ex-

2

Woman’s Trust Trustees’ Report Year to 31[st] March 2021

partner, but these numbers don’t include women who take their own lives because of the abuse. This is why Woman’s Trust’s free services are so vital.

During the year, we continued to work in partnership with other organisations so that in specific geographical areas, a holistic joined-up service can be provided to meet women’s needs. Partnerships are increasingly sought by funders and Woman’s Trust is seeking new partnerships modelled on the success of the Angelou project in West London. We are working with the London Violence Against Women and Girls consortium to plan a joined-up service from 2022.

We reported last year on our initial response to the pandemic, moving swiftly to ensure all our services, which were previously delivered exclusively in person. to telephone, video conferencing or online to ensure minimum disruption to what are often life-saving services to vulnerable women. This involved a tremendous effort by all our staff, and we are so proud of the dedication and determination they have shown to continue to support women across London.

Woman’s Trust staff and volunteers were affected by the pandemic too. Without the normal office interactions, working in isolation with often very traumatised women, some coping with childcare and home schooling and dealing with disruption in their personal lives. In common with many health care workers, it was a very stressful time for our staff.

Throughout the year, we were inspired by the women we helped. We gained strength from the strength they gained – to see and hear their journeys of recovery is truly heartwarming. Our vision remains clear – a world where women have the resources they need to prevent domestic abuse damaging their futures.

I didn't know who to turn to following traumatic experience of being in [an] abusive marriage and losing friends, having absolutely nothing, without family in the UK, and not looking positively into the world. I have been searching for support and contacted this organisation and after sharing my story was given [free counselling] sessions. It helped me enormously. I am very grateful to whoever funds this organisation, because you have just pulled me out of a very difficult emotional stage, I feel like I can move on now, I have more strength and trust in myself, thank you. (Telephone counselling client, February 2021)

Sally Field Chair

Heidi Riedel Chief Executive Officer

3

Woman’s Trust Trustees’ Report Year to 31[st] March 2021

Our Vision

A world where women have the resources to prevent domestic abuse damaging their futures.

Our Mission

To help any woman in London affected by domestic abuse to overcome the mental and emotional harm and rebuild her life, by providing women-only, client-led counselling and support services.

Charitable object

Woman’s Trust’s charitable object is:

To relieve women and children who are being, or have been, affected by domestic abuse, through the provision of a counselling and support service.

Woman’s Trust is special because we :

Woman’s Trust is a women-only organisation. It is led by members of the community it was developed to serve: that is, women who live or work in London.

Overall aims and outcomes

Domestic abuse has or will affect one in four women in the UK. The psychological and emotional consequences of abuse, if left unaddressed, can last a lifetime for the woman and her children. The primary aim of our service is to enable women to rebuild their lives.

The services that we provide

We aim to tackle the emotional and psychological damage caused by abuse, by providing appropriate mental health services: specialist person-centred one-to-one counselling and therapeutic support groups (both BACP accredited services), self-development workshops, and crisis-counselling. We also provide webinar resources for anyone experiencing domestic abuse.

4

Woman’s Trust Trustees’ Report Year to 31[st] March 2021

Our Client’s Journey

*Women can choose to access one or more services simultaneously or one after the other

• Referral

• Crisis Counselling

• Long-Term Counselling

• Therapeutic Support Groups

• Self-Development Workshops

• Webinars

Overall service delivery in 2020/21 and our response to Covid19

We reported last year on our initial response to the pandemic. It was initially necessary to suspend our services. We immediately arranged remote access to our IT systems; and discussed and decided how we could safely deliver our services by telephone, conference calls and remote video facilities. We purchased laptops, phones and headsets for our staff and volunteers.

We contacted all our clients who were at that point receiving services; and promised to stay in touch with those who desperately needed our support even if that was just a reassuring phone call or text.

5

Woman’s Trust Trustees’ Report Year to 31[st] March 2021

For counselling, we were only closed for a week, re-starting counselling by telephone from 21st March. By April we were able to re-start support groups on-line, and by June we were able to re-start workshops, also on-line.

For many clients, being able to have a private space for phone calls was a significant challenge – most especially those still living with their perpetrator and those with children at home who should not have to see or hear the very private conversations. Some clients took their calls while their children were looked after by other family members; others used their car as their safe space. We set up frequent check-ins for those women for whom it was unsafe to take up telephone or on-line services. From our hardship funds, we were able to provide some clients with funds for phone top-ups, and for others we provided a telephone.

This is what our clients told us about how they felt affected by the pandemic and lockdowns.

----- Start of picture text -----
4% Very isolating
4%
4%
Impact on mental health
8%
Continued abuse
42%
Childcare/schooling difficulties
19%
Financial impact
Affected badly
19%
No privacy to attend sessions
----- End of picture text -----

Our staff and volunteers worked tirelessly to change their working methods and showed a great deal of resilience. We did not furlough any staff.

Prior to the pandemic, all our services were face-to-face. Moving our services to telephone and on-line did allow us to assess the benefits of this approach. From our client surveys, we found that some clients actually preferred the remote access: for some it was more convenient; for others the anonymity of telephone counselling was easier for them to cope with. The surveys revealed a need for a mixed model of delivery in future.

What is evident from the number of women and number of sessions is that many women accessed more sessions. For counselling in particular, women could maintain attendance for longer.

We also know that for support groups and workshops we needed to reduce the number of women in each session as on-line delivery was harder to manage with a large group.

Consequently, we needed to deliver more sessions to reach the same number of women.

6

Woman’s Trust Trustees’ Report Year to 31[st] March 2021

Our reach

During 2020/21, Woman’s Trust received 673 client referrals from a wide variety of sources.

----- Start of picture text -----
Referrer Categories - 2020/2021
Self Referral 227
Mental Health (NHS, psychology teams, etc.) 133
IDVA 75
Refuges (incl. Hestia) 50
Local Authority 46
Other VAWG Sector Services 43
Victim Support 32
Voluntary Organisation 25
Children's Centres 17
Housing (including council, housing associations,… 10
PCT/NHS (GP, health visitor, midwife, A&E,… 10
Women's Aid 2
Other health (A&E, Mental Health etc.) 1
Substance Misuse Services 1
0 50 100 150 200 250
----- End of picture text -----

The overall number of referrals for the year were lower than 2019/20 because we could not accept any new referrals during April and May 2020 while we transitioned our services from face-to-face to remote delivery.

Working closely with other organisations providing services to women is a significant source of referrals from agencies. The number of self-referrals were lower, partly due to the necessary restrictions during April and May, but also because during the early periods of the national lockdown women living with their perpetrator had extremely limited or no opportunity to make private phone calls.

----- Start of picture text -----
0% Referrer Categories - 2020/2021
2% [1%] Does not include self-referrals (227 clients, 34%)
0%
4% [2%]
Mental Health (NHS, psychology teams, etc.)
IDVA
6%
30%
Refuges (incl. Hestia)
7%
Local Authority
10% Other VAWG Sector Services
Victim Support
10% 17% Voluntary Organisation
11% Children's Centres
----- End of picture text -----

7

Woman’s Trust Trustees’ Report Year to 31[st] March 2021

Who accessed our services?

Across London, the Black Asian and Minority Ethnic (BAME) population is 40% of the total population [Census 2011]. Woman’s Trust clients who accessed counselling, support groups and workshops reflect this diversity with 50% of our clients identifying as Black, Asian or Minority Ethnic.

----- Start of picture text -----
Clients Attending Services by
Ethnicity
2020/2021
White
43%
Other
Ethnic
Background
4%
Not Given
7%
Mixed / Asian /
Multiple Black Asian
ethnic African / British
background Carribean / 17%
s Black
10% British
19%
----- End of picture text -----

Services provided

We enable women to overcome the trauma of domestic abuse by providing a range of services to cater for the different needs of our clients.

Counselling gives the client an opportunity to work with a trained counsellor.

Workshops are psychoeducational, providing women with information and tools to help understand their experiences and improve the management of their well-being.

Support Groups provide an invaluable opportunity for women to share their experiences and reduce their isolation. Pre-recorded psychoeducational sessions that can be accessed direct from our website provide an on-going resource for any women needing help.

----- Start of picture text -----
Referrals by Service
2020/2021
Workshops
4% Support
Groups
24%
Counselling
72%
----- End of picture text -----

Approximately 72% of clients referred to us asked for 1-to-1 counselling. Some women asked for more than one service.

8

Woman’s Trust Trustees’ Report Year to 31[st] March 2021

----- Start of picture text -----
Clients accessing services
2020/2021
51
90
131
455
Counselling Support Groups Workshops Webinars
----- End of picture text -----

455 women accessed counselling, 131 women attended support group sessions; 90 women attended workshop sessions and 51 accessed webinar sessions.

Only women who had undertaken an assessment were able to access our workshops, which meant fewer women overall, but we developed on-line webinar sessions which proved to be popular with clients who could not commit to fixed-time sessions.

A survey of clients found that many women preferred the telephone and on-line services as they were easier to access. Easier access and increased isolation during the pandemic led more women to access more services. Woman’s Trust was a lifeline to many.

Service sessions provision and attendance

----- Start of picture text -----
Counselling
Service Provision and Attendance
2020/2021
100%
90% 912
211
80%
70%
60%
50% 84%
73%
40%
4691
30% 574
20%
10%
0%
Initial sessions Counselling Sessions
Attended Did not Attend
----- End of picture text -----

9

Woman’s Trust Trustees’ Report Year to 31[st] March 2021

This year we provided 785 initial assessment sessions and 5603 one to one counselling sessions to 455 women with an outstanding attendance rate of 84%.

We were able to provide 60 more women with counselling this year compared to last, and our clients attended more sessions. Overall, counselling sessions increased by 1,169, a 26% increase. Instead of Crisis Counselling we provided a telephone check-in service for those women we were most concerned about while they waited for counselling.

----- Start of picture text -----
Group services -
Sessions provided
2020/2021
14
37
312
Support Groups Workshops Webinars
----- End of picture text -----

Our group sessions such as the therapeutic support groups (39 groups, each 8 weeks long) and psycho-educational workshops moved to on-line, due to this change we ran the sessions with fewer women. Additional funding enabled us; however, to run 9 more support groups than the previous year. Similarly, to enable a wider reach, we developed webinars now accessible from our website as additional support tool.

10

Woman’s Trust Trustees’ Report Year to 31[st] March 2021

Outcomes

Woman’s Trust uses two main evaluation systems to measure the efficacy of our services: Clinical Outcomes in Routine Evaluation (CORE) for counselling; and Woman’s Trust’s own entrance and exit questionnaires (EQ) for all our services. These measures help us see the positive difference we make to women’s lives.

Counselling – 455 women attended

MEASURES OF HEALTH AND WELL-BEING
% OF WOMEN REPORTING IMPROVEMENT
AFTER ACCESSING WOMAN’S TRUST
SERVICES		 MEASURES OF HEALTH AND WELL-BEING
% OF WOMEN REPORTING IMPROVEMENT
AFTER ACCESSING WOMAN’S TRUST
SERVICES		 EQ
(125 RESPONSES)		 CORE
(84 RESPONSES)
Improvement
HEALTHIER TRAUMA (PTSD) N/A
64%
STRESS/ANXIETY 95%
57%
DEPRESSION N/A
60%
SELF-ESTEEM 96%
61%
ISOLATION 96%
63%
SUICIDAL N/A
69%
SELF HARMING N/A
86%
AUTONOMY AND
LIFE CHOICES		 CONTROL OVER FUTURE 93%
63%
CONFIDENCE 94%
58%
KNOWLEDGE OF OWN
RIGHTS		 86%
N/A
KNOWLEDGE OF OTHER
SUPPORT SERVICES		 93%
N/A
ABILITY TO
FUNCTION		 RELATIONSHIP WITH
CHILDREN		 78%
N/A
INTERPERSONAL
REALTIONSHIPS		 96%
53%
SELF CARE 96%
N/A

“I was in an 18-year domestically violent and psychologically violent [relationship]. I was, as I have found it to be so the word, programmed. Woman's Trust has given me that insight into what I went through and worked well and slowly with me. I now focus on having good and positive relationships may it be with my current partner or friends and family. I am able to assert myself and have built up the confidence and awareness to stop anything toxic before it starts and that I believe is with the help of Woman's Trust. I will forever be thankful.”

“Life changing, given hope for survival, you can be whole again. .”

11

Woman’s Trust Trustees’ Report Year to 31[st] March 2021

Therapeutic Support Groups – 39 groups (8 sessions each), 1138 attendances by 131 unique women

Women were overwhelmingly positive about the impact of this service.

“[Support Groups were an] invaluable resource for women at a difficult time. Gives direction when there is none. The support is lifesaving.”

Self-Development Workshops – 37 workshops, 282 attendances by 90 unique women, many of whom attended several workshops

As a result of their attendance, 99% women reported an improvement in their level of selfesteem, in interaction with others and confidence. There was also a 99% improvement in their readiness to take positive steps to change their lives.

“[Workshops carried out via Zoom] were really good - just like if it were a physical session. It was also really nice that it was a small group, we all got to share and talk and ask questions and relate to one another.”

Webinars – 14 webinars, 133 attendances by 51 unique women

Webinars are uploaded on our website and available for viewing by anyone accessing the website.

Women who attended the live webinars reported (49 responses):

12

Woman’s Trust Trustees’ Report Year to 31[st] March 2021

Governance, Structure and Management

Trustees

Reference and Administrative Information

Trustees
Reference and
 Trustees
Reference and
(at date of approval of financial statements, except where noted)
Administrative Information
Sally Field
Chair		 Charity Registration
number
1143513
Company Registration
Number
06886781
(England & Wales)
Incorporation,
Memorandum and Articles
of Association
24 April 2009
Registered office
West End House
37 Chapel Street
London NW1 5DP
Bankers
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4AT
Auditors
R E Jones
132, Burnt Ash Road
Lee
London SE12 8PU
Helen Hayes
Vice Chair
Chair of Ethics and Practice
Committee
Maya Rodriguez
Treasurer
Chair of Finance Committee
Sharon Citrone
Chair of HR Committee
Nicola Peers
Nadia Mahmud
Joint Chairs of Marketing and
Communications Committee
Cheryl Andani
Debbie Hartley
Linda McHugh
Joanne Baker
Helen Smith
Laura McCarthy
Anthonia Ifeanyi-Okoro
Board members
Amy Provan
Resigned November 2020
Heidi Riedel
Chief Executive Officer

13

Woman’s Trust Trustees’ Report Year to 31[st] March 2021

Organisational structure

Woman’s Trust’s ultimate decision-making body is its Trustees, working collectively as a Board. The Trustees are the Directors of the company.

Day-to-day management of Woman’s Trust is delegated to an employed Chief Executive, who is in turn responsible for delegating work to staff and volunteers.

Executive and administrative Staff

Woman’s Trust maintains a small core staff, recruited for specific skills and experience.

All our staff are women, dedicated to the ethos of Woman’s Trust and determined to provide women in London with the service they so desperately need.

Therapeutic Staff

Woman’s Trust Counsellors are a mixture of fully qualified employed and sessional counsellors, plus volunteer counsellors some of whom are still undertaking their training. We reported last year on our strategy to increase the number of employed counsellors: we have increased recruitment from our newly qualified volunteers, our sessional counsellors and direct recruitment. By the end of the year, we had 13 employed counsellors.

Office Volunteers

Prior to the pandemic, Woman’s Trust staffing was enhanced by many dedicated volunteers. Due to the many months of government-required closure and without sufficient ventilation to be Covid-safe, our offices remained closed for the whole year.

Trustee Recruitment, Induction and Training

The Board conducts a periodic skills audit. Board vacancies are advertised according to identified gaps. Candidates are interviewed by the Chair and one other Board member and, once shortlisted, invited to observe at least one Board meeting before appointment by the Board.

On appointment each Trustee is given a welcome pack which includes information about all Woman’s Trust services, the annual financial statements, job descriptions, roles and responsibilities of Trustees, the constitution, and the strategic plan.

Trustees are given an induction to the work of the service at the charity’s office, spending time with members of staff who introduce the work to them. The charity provides opportunities for Trustees to attend internal specialised domestic abuse training and external training, including governance and charity finance.

14

Woman’s Trust Trustees’ Report Year to 31[st] March 2021

Risk Management

The Trustees have assessed the major risks to which the charity is exposed in line with the risk management policy. The policy involves an annual risk analysis which forms part of the charity’s strategic planning process and the individual risk assessments of proposed new projects or developments. Annual monitoring is supplemented by update reports throughout the financial year. Where major risks are identified, the Trustees will take the appropriate action to ensure that these are mitigated. Three of the major risks are identified below.

Risk Identified Mitigation response

Reliance on Trust and
foundation
income
because public sector
policy
makers
and
commissioners do not
appreciate the mental
health
impacts
of
domestic abuse.
Increased
competition
for funding		 We have increased investment in fundraising to further
diversify our funding streams so we can plan longer-term
We maintain logs of all funding streams so that we know
exactly when a funding stream ends;
We closely monitor the bidding process timetables, so bids
to renew funds or obtain new funding are made well in
advance;
We build our annual budget based on secured funding and
the identified funding gap which becomes our fundraising
target for the year; and
We maintain contingency plans to make any necessary
service changes
The loss of one or two key
staff,
who
would
be
difficult to replace, or
replace quickly.
Increasing
difficulty
in
recruiting staff due to
higher pay being offered
in the public and private
sector, and the high cost
of livingin London		 We have introduced some longer notice periods,
Where possible, we flex the staffing levels, increasing hours
for more experienced staff, and reshaping responsibilities to
make best use of the staff and volunteers we have available.
 We have documented systems, job handbooks, meetings
and plans to ensure staff and volunteers can access the
knowledge they would need to undertake new tasks.
We have reviewed salary scales and increased pay levels
where possible to be more competitive in the market
Insufficient
qualified
counsellors to deliver a
safe service		 We have reduced our dependence on volunteer counsellors
by recruiting more directly employed counsellors, and
continued to use sessional counsellors who may become a
pool of potential employed counsellors
Insufficient
qualified
counsellors to deliver a
safe service		 We have reduced our dependence on volunteer counsellors
by recruiting more directly employed counsellors, and
continued to use sessional counsellors who may become a
pool of potential employed counsellors

15

Woman’s Trust Trustees’ Report Year to 31[st] March 2021

Financial review Financial position

Income

Woman’s Trust received £1,006,213 in total income in the year to March 2021; an increase of 36% on last year. Restricted income of £507,389 made up more than half of Woman’s Trust total income. Unrestricted income totalled £498,824 including over £80,000 from gifts and donations.

----- Start of picture text -----
WT Sources of Income
2020/2021
£80,976
£87,450
Grants and Project Funding
Donated counselling Services
Gifts and Donations
£837,787
----- End of picture text -----

Prior to the pandemic, we made use of rooms donated by other organisations to deliver some of our face-to-face services. Moving our services from face-to-face to telephone and on-line meant that we did not have any need for counselling rooms to be donated. Donated counselling services are the sessions provided by our volunteer counsellors. We took on more employed counsellors in the year and slightly reduced the number of sessions provided by volunteers.

Despite the lack of opportunity for fundraising events, donations to Woman’s Trust were maintained at last year’s level thanks to our wonderful supporters.

16

Woman’s Trust Trustees’ Report Year to 31[st] March 2021

Our income from grants and project funds increased by £330,865 due to the availability of special funding for charities to support services during the Covid19 pandemic.

Expenditure

In the year to March 2021, expenditure came to about £773,843 an increase of 5% on last year. Expenditure on raising funds increased slightly, but stayed at about 8% of total expenditure.

----- Start of picture text -----
Expenditure Breakdown
2020/2021
£14,561
£62,399
£185,389
Raising Funds
Premise Costs
Service Provision
£511,494
Staff, Office and Governance Costs
----- End of picture text -----

Towards the end of the year, we increased our investment in fundraising, a trend that will continue into 21/22 as we seek to broaden our community supporter base and find support from corporate donors.

Though we increased our counselling service provision by 26% from the year before, expenditure on providing our service only increased by 5% due to the move to a telephone and on-line service, and reductions in overheads such as premises costs. As we re-start some face-to-face counselling and support in 2022, we expect this to increase.

Financial position at the end of the year

The cash position at the end of the year was £579,676, an increase of £221,969 or 62%. Restricted funds carried forward were £174,818, reflecting the fact that project funding is rarely aligned with financial years. The unrestricted funds stood at £391,724 at the end of the year, and this similarly includes designated funds of £40,000 set aside to cover project and core costs and £96,013 unspent grant carried forward to 2021/2022. This leaves reserve funds of £255,711, an increase of £73,747 over last year.

17

Woman’s Trust Trustees’ Report Year to 31[st] March 2021

Reserves policy

The Trustees review the reserves policy annually and the calculation of the required level of reserves is an integral part of the organisation's planning and budgeting. It takes account of the risks associated with each stream of income and expenditure being different from that budgeted, the organisation’s commitments and the planned activity level.

The reserves policy requires free reserves (i.e., unrestricted funds excluding designated and Assets) to be maintained at a level which ensures that the organisation's core activity could continue during a period of unforeseen difficulty such as:

The Trustees believe that it is prudent for the financial reserve to be at least three months’ running costs to meet the above obligations. Our medium-term objective is to move to a 6 months’ reserve policy. In the upcoming year, we will increase our fundraising capacity to increase our reserves. At planned levels of expenditure, the target level of free reserves for 2021/22 is over £300,000 (depending on our success in maintaining /growing project funding).

Going concern

Earlier in his report, we explained the changes we made to our services in response to the COVID-19 pandemic. In common with most other charities, a significant number of fundraising events did not take place, which also had a significant effect on our corporate donor income in 2020.

However, the Government and Trusts and Foundations responded with new funds, in some cases with fewer restrictions on how we spend the grants. Moving services online has contributed to a reduction in expenditure on premises, and some of the equipment needed has also been funded by these grants.

The net effect is that, whilst we still have a budget gap to fill, we believe our position is secure enough to give assurance that Woman’s Trust remains a going concern for the following reasons:

18

Woman’s Trust Trustees’ Report Year to 31[st] March 2021

Fundraising Practices

Woman’s Trust complies with the Fundraising Code of Practice and is registered with the Fundraising Regulator. Woman’s Trust does not use any professional fundraiser or commercial participator to raise funds on our behalf. No complaints have been received about our fundraising activities. The majority of our fundraising activity is applications to charitable trusts and foundations, and to statutory funders such as the NHS, Local Authorities and central government. Donations/grants received as a result of active fundraising are dedicated to the purpose for which they were raised for.

Future plans

Our medium-term goals remain:

19

Woman’s Trust Trustees’ Report Year to 31[st] March 2021

Public benefit statement

Trustees have referred to the Charity Commission’s general guidance on public benefit in reviewing the aims and objectives of the charity, in planning future activities and, in particular, how planned activities will contribute to those aims and objectives

Woman’s Trust’s charitable objects are to relieve women and children who are or have been affected by domestic abuse, by providing counselling and support services.

Woman’s Trust’s services have the following benefits:

These benefits relate directly or indirectly to several charitable purposes including the advancement of health (primarily mental health), the advancement of human rights and citizenship, the relief of poverty and of those in need. In extreme cases, this can extend to saving lives as women are empowered to overcome the danger and damage caused by domestic violence.

Woman’s Trust’s services are only for women who are or have been affected by domestic abuse, but are not otherwise restricted in principle. In practice, there are certain restrictions:

Woman’s Trust seeks to overcome these restrictions where funding is available. All services are currently free to users and there is no exclusion due to simple inability to pay.

All private benefits – to our staff, suppliers and volunteers – contribute directly to achieving Woman’s Trust’s aims.

For these reasons, the Trustees are confident that Woman’s Trust meets the public benefit requirements for charities.

20

Woman’s Trust Trustees’ Report Year to 31[st] March 2021

Statement of Trustees’ Responsibilities

Company law requires the Trustees prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure of the charitable company for that period.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that 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 steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The above report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Signed on behalf of the Trustees:

Sally Field

Chair

Approved by the Trustees on

21

Woman’s Trust Trustees’ Report Year to 31[st] March 2021

Woman's Trust Independent Auditor's Report

To the Officers and Trustees of the Charity For the year ended 31 March 2021

Opinion

We have audited the financial statements of Woman’s Trust for the year ended 31 March 2021, which comprise the statement of financial activities, the Balance Sheet and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

22

Woman's Trust Independent Auditor's Report

To the Officers and Trustees of the Charity For the year ended 31 March 2021

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The officers and trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of officers and trustees

As explained more fully in the trustees' responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

23

Woman's Trust Independent Auditor's Report To the Officers and Trustees of the Charity For the year ended 31 March 2021

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements 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 the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This Report is made solely to the charity, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that act. Our audit work has been undertaken so that we might state to the Charity, those matters we are required to state to them in an auditor’s report, and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Members as a body, for our audit work, for this report, or for the opinions we have formed.

Darren Smart (Statutory Auditor)

For and on behalf of R.E. JONES & CO

Chartered Accountants and Statutory Auditors

132 Burnt Ash Road Lee London SE12 8PU

Date:

24

Woman's Trust Statement of Financial Activities (incorporating the Income Expenditure Account) For the year ended 31 March 2021

Notes
Income and endowments from:
Donations
2
Charitable activities
. Grants and project funding
3
Investment income
4
Total income
Expenditure on:
Raising funds
. Fundraising costs
5
Charitable expenditure
.Provision of counselling and support services
6
Total Expenditure
Net Income/(Expenditure)
8
Transfers between funds
Net Income/(Expenditure) for the Year
Total Funds as at 1st April
Total Funds as at 31st March
15		 Unrestricted
Funds
£
152,723
346,018
83
498,824
62,399
294,139
356,538
142,286
7,475
149,761
241,964
391,724		 2021
Restricted
Total
Funds
Funds
£
£
15,703
168,426
491,686
837,704
-
83
507,389
1,006,213
-
62,399
417,305
711,444
417,305
773,843
90,084
232,370
(7,475)
-
82,609
232,370
92,208
334,172
174,818
566,542		 Note 19
2020
Total
Funds
£
211,193
526,769
306
738,268
55,602
682,863
738,465
(197)
-
(197)
334,368
334,172

25

Woman's Trust Balance Sheet As at 31 March 2021

Notes
Fixed Assets
Tangible assets
11
Current Assets
Debtors
12
Cash in hand and at bank
Creditors: Amounts falling
due within one year
13
Net Current Assets
Net Assets
Funds
Restricted funds
14
Unrectricted funds
- Designated funds
15
- General funds
Total Funds		 2021
£
15,708
579,676
595,384
(52,120)		 2021
£
23,278
543,264
566,542
174,818
40,000
351,724
566,542		 2020
£
562
357,707
358,269
(30,492)		 2020
£
6,395
327,777
334,172
92,208
60,000
181,964
334,172

For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act ("The Act") relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. The notes on pages 27 to 40 form part of the financial statements.

Approved by the Trustees on and signed on their behalf by:

...................................................... Chair - Sally Field

Company Registration Number: 06886781 (England and Wales)

26

Woman's Trust Statement of Cash Flows For the year ended 31 March 2021

Notes
Net Cash Inflow/(Outflow) from
Operating Activities
A
Investment income
Purchase of tangible fixed assets
Net Cash Inflow/(Outflow) from Returns on
Investment Activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at 1 April 2020
Cash and cash equivalents at 31 March 2021
B		 2021
£
243,486
83
(21,599)
(21,517)
221,969
357,707
579,676		 2020
£
24,053
306
(2,601)
(2,295)
(26,348)
384,055
357,707

Notes to the statements of cash flows for the year to 31 March 2021

A Reconciliations of net movement in funds to net cash provided by (used in) operating activities

Net movement in funds
Adjustments for:
Depreciation
Investment income
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash (used in) provided by operating activities
B Analysis of cash and cash equivalents
Total cash and cash equivalents: cash at
bank and in hand		 2021
£
232,370
4,717
(83)
(15,146)
21,628
243,486
2021
£
579,676		 2020
£
(197)
2,828
(306)
17,783
(44,161)
(24,053)
2020
£
357,707

27

Woman's Trust Notes to the Financial Statements For the year ended 31 March 2021

1 Accounting Policies

Accounting Convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The company is a public benefit entity for the purposes of FRS 102 and a registered charity established as a company limited by guarantee and therefore has also prepared its financial statements in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (The FRS 102 Charities SORP), the Companies Act 2006 and Charities Act 2011. The financial statements are prepared in sterling, which is the functional currency of the charity. Amounts presented are rounded to the nearest pound.

Going Concern

The trustees have assessed whether the use of going concern is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charitable company to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements. In particular, the trustees have considered the charitable company’s forecasts and projections and have taken account of pressures on income. After making enquiries, the trustees have concluded that there is a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. The charitable company therefore continues to adopt the going concern basis in preparing its financial statements. The trustees have considered the impact of Covid-19.

Critical accounting estimates and areas of judgement

Preparation of the accounts requires the Trustees to make significant judgements and estimates.

The items in the accounts where these judgements and estimates have been made are in estimating the useful economic life of tangible fixed assets.

Income

Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty and it is probable that the income will be received.

Grants from government and other agencies have been included as income from charitable activities where these amount to a contract for services, but as donations where the money is given in response to an appeal or with greater freedom of use, for example monies for core funding.

Donated services comprise time donated to the charity by various counsellors, and the value of these services is estimated based on the number of sessions attended.

Donated rooms comprise rooms donated to the charity by various providers, and the value is estimated based on the number of hours the rooms are reserved to provide counselling services.

Resources Expended

Expenditure is included in the statement of financial activities when incurred and includes any attributable vat which cannot be recovered.

Charitable expenditure comprises expenditure on the charity's primary charitable purposes i.e. providing counselling and other services for women who have been subject to domestic violence.

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset as follows:

Furniture & Equipment 25% straight line

Assets are depreciated for a whole year in the year of acquisition and not at all in the year of disposal. Items costing less than £500 are not treated as fixed assets but instead are charged as expenses in the year in which they are purchased.

Financial Instruments

Cash and cash equivalents

Cash and cash equivalents include cash at banks and in hand and short term deposits with a maturity date of three months or less.

28

Woman's Trust Notes to the Financial Statements For the year ended 31 March 2021

1 Accounting Policies (continued)

Debtors and other receivables

Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are values at the amount prepaid. They have been discounted to the present value of the future cash receipt where such discounting is material.

Creditors and provisions

Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are recognised at the amount the charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payments where such discounting is material.

Fund Accounting

The unrestricted general funds comprise the monies which may be used towards meeting the charitable objectives of the charity and which may be applied at the discretion of the Trustees. Within unrestricted funds, certain funds have been designated by the Trustees for specific purposes. Details of these are given in note 15 to the financial statements.

Restricted funds comprise monies raised for, or their use restricted to, a specific purpose, or contributions subject to donor imposed restrictions.

Operating Leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the statement of financial activities as incurred.

Pension Costs

Contributions to employees' personal pension plans and to stakeholder schemes are recognised in the statement of financial activities when payable.

29

Woman's Trust Notes to the Financial Statements For the year ended 31 March 2021

2 Donations
The donations are made up as follows:
General donations
Donated services
- Counselling rooms
- Counselling services
Total		 Unrestricted
2021
£
65,273
-
87,450
152,723		 Restricted
2021
£
15,703
15,703		 Unrestricted
2020
£
103,903
15,490
91,800
211,193

Donated services comprise:

3 Charitable Activities

Charitable activities are made up of grants and project funding as follows:

Leathersellers' Company Charitable
CAF Resilience Fund
Spear Charitable Trust
Lloyds Bank Foundation, England and Wales
Impact 100
NHS West London CCG
City Bridge Trust
RBKC - Children and Families
The Everest Trust
Two Magpies Fund
The London Community Foundation
William Allen Young
Treebeard Trust
The Edward Gostling Foundation
Persula Foundation
Steven Prevezer Charitable Trust
Sir Jules Thorne Trust
Edward Harvist
Newby Trust
Tesco & Marsh Christian Trust
Dudley & Geoffrey Cox Trust
Blakemore Foundation
Souter Charitable
Hans Rausing Trust
Unrestricted funds		 2021
£
15,000
3,850
44,319
34,000
27,908
47,674
26,500
15,000
5,000
25,000
5,000
500
1,250
3,000
3,000
850
5,000
83,167
346,018		 2020
£
10,000
-
5,000
45,000
-
27,908
-
26,500
2,500
-
-
2,000
25,000
-
1,000
100
-
100
2,000
147,108

30

Woman's Trust

Notes to the Financial Statements

For the year ended 31 March 2021

3 Charitable Activities (continued)
Peter Stebbings Memorial Charity
CAF Resilience
The National Lottery Community Fund - Counselling
Dr Edwards & Bishop Kings Fulham Charity
Gowling WLG
Hackney Parochial Charities
Tower Hamlets Local Community Fund
Hammersmith United Charity
Hyde Park Place Estate Charity
Lyles
Axis Foundation
London Borough of Hammersmith and Fulham
London Catalyst
MOPAC/MOJ
The Marylebone Hotel
The Shanly Foundation
MIND (CMHRF)
Merchant Taylors' Consolidated Charities
The Goldsmith's Company
Strand Parishes Trust
The Danson foundation & RSA Community
HM Treasury Tampon Tax
Wakefield and Tetley Trust
London Borough of Newham
Lady Balogh Trust
Westminster Amalgamated Charity
Paddington Welfaere charities
Westway Trust
Dentons
Transformation fund - Angelou
Restricted funds
Total
The National Lottery Community Fund - Support Groups
Charles Hayward Foundation
Charles S French Charitable Trust
Assura Community fund
London Community Foundation COVID
City of London Solicitors
Daisy Trust
Westminster City Council
Dudley & Geoffrey Cox Charitable Trust
East End Community Foundation
John Lewis
City Bridge Trust		 2021
£
10,000
6,150
52,706
102,537
37,500
-
1,100
30,000
5,000
7,000
2,000
-
15,007
19,279
1,000
4,000
45,540
49,990
14,800
3,000
4,987
5,665
6,500
37,675
10,000
11,750
8,000
500
491,686
837,704		 2020
£
-
-
104,644
98,624
-
35,000
2,000
1,500
2,000
-
14,790
-
3,514
1,000
-
9,640
-
10,000
1,268
3,351
3,500
2,000
-
2,000
1,000
-
20,080
-
1,000
-
5,500
-
24,000
5,000
-
-
3,000
-
2,500
1,000
21,750
379,661
526,769

31

Woman's Trust

Notes to the Financial Statements For the year ended 31 March 2021

4 Investment Income
Bank interest received
5 Raising funds
Staff costs (note 9)
Other costs		 Unrestricted
2021
£
83
Unrestricted
2021
£
60,802
1,596
62,399		 Unrestricted
2020
£
306
Unrestricted
2020
£
53,509
2,093
55,602

32

Woman's Trust Notes to the Financial Statements For the year 31 March 2021

6 Charitable Expenditure

Charitable expenditure comprises costs associated with the provision of counselling and support services, and are classified below.

Direct Costs:
Staff costs (note 10)
Childcare and client hardship
Counselling supervisors and training
Paid counsellor's fees
Room and equipment hire
Volunteer training and expenses
Workshop expenses
Donated counselling services (note 2)
Donated counselling rooms (note 2)
Paid assessor's fees
Other direct costs
Premises Costs:
Rent and rates
Administrative costs:
Staff costs (note 10)
Office overheads
Governance costs
Total		 Unrestricted Restricted
Funds
Funds
£
£
67,443
267,623
6,715
2,412
9,653
19,852
-
13,385
-
-
-
2,701
200
15,465
87,450
-
-
-
13,275
934
4,386		 Unrestricted Restricted
Funds
Funds
£
£
67,443
267,623
6,715
2,412
9,653
19,852
-
13,385
-
-
-
2,701
200
15,465
87,450
-
-
-
13,275
934
4,386		 2021
£
335,066
9,127
29,505
13,385
-
2,701
15,665
87,450
-
13,275
5,320
511,494
-
14,561
114,873
56,421
14,095
711,444		 Unrestricted
Funds
£
53,483
118
4,453
10,250
4,679
653
2,000
91,800
15,490
2,000
1,087
186,013
8,826
86,163
-
11,836
292,838		 Restricted
Funds
£
186,033
3,285
21,293
8,944
45,171
6,478
17,174
-
-
5,151
10,470
303,999
-
41,635
44,391
-
390,025		 2020
£
239,516
3,403
25,746
19,194
49,850
7,131
19,174
91,800
15,490
7,151
11,557
172,395 339,099 490,012
14,561
79,904
13,183
14,095		 -
34,969
43,238
-		 -
8,826
127,798
44,391
11,836
294,139 417,305 682,863

33

Woman's Trust Notes to the Financial Statements For the year ended 31 March 2021

7 Governance Costs
Governance Costs
Accountancy
Staff costs (note 10)
Total		 Unrestricted
2021
£
4,800
9,295
14,095		 Unrestricted
2020
£
4,200
7,636
11,836

8 Net Movement in Funds

This is stated after charging:

Staff costs (note 10)
Audit fees (including VAT)
Depreciation
Operating lease rentals and business rates		 2021
£
572,036
4,800
4,717
14,561		 2020
£
432,658
4,200
2,828
21,854

The full office rent is £51,000 but discounted due COVID-19 as staff are working from home hence the low amount shown

9 Staff Costs

2021
£
Staff costs during the year were as follows:
Wages and salaries
469,408
Social security costs
32,009
Employer's pension contributions
13,244
514,661
2,602
Agency staff cost
-
Other staff related costs (training, supervision, and travel)
5,942
3,831
527,036
2021
£
Staff costs by function were as follows:
Fundraising
60,802
Marketing/Social Media
1,248
Provision of counselling and support services
293,097
Administration
162,593
Governance
9,295
527,036
Staff recruitment
Self employed staff		 2020
£
372,491
25,444
11,815
409,750
4,047
6,893
7,248
4,720
432,658
2020
£
53,509
3,815
229,940
137,758
7,636
432,658

34

Woman's Trust Notes to the Financial Statements For the year ended 31 March 2021

9 Staff Costs (continued)

No employee earned £60,000 per annum or more (including benefits) during the year (2020: none).

The average number of employees during the year was 25 (2020: 20).

The key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day to day basis comprise the Trustees, the Chief Executive, the Fundraising and Development Manager, Therapeutic Services Manager and the Finance Manager. The total remuneration (including taxable benefits) of the key management personnel for the year was £173,484 (2020: £151,353).

No Trustee received any remuneration in respect of their services as as trustee during the year (2020: none). No expenses were reimbursed to Trustees during the year (2020: none).

10 Taxation

Woman's Trust is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

11 Tangible Fixed Assets

Cost
At 1 April 2020
Additions
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
At 31 March 2021
Net Book Value
At 31 March 2020
At 31 March 2021
12 Debtors
Debtors and prepayments
Accrued income		 2021
£
708
15,000
15,708		 Furniture &
Equipment
38,906
21,599
60,506
32,511
4,717
37,228
6,395
23,278
2020
£
562
-
562

35

Woman's Trust Notes to the Financial Statements For the year ended 31 March 2021

13 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Creditors and accruals
Deferred income
Tax and social security
Other creditors
Total
Amount brought forward
Released in year
Deferred in year
Amount carried forward		 2021
£
8,273
20,373
10,967
12,507
52,120
2021
£
10,000
(10,000)
20,373
20,373		 2020
£
4,855
10,000
7,808
7,829
30,492
2020
£
49,138
(49,138)
10,000
10,000

36

Woman's Trust Notes to the Financial Statements For the year ended 31 March 2021

14 Restricted Funds

Charles S French Charitable Trust
MIND (CMHRF)
Hyde Park Place Estate Charity
UNITED in Hammersmith &
Fulham
The National Community Fund –
Counselling
The National Community Fund –
Support Groups
Charles Hayward Foundation
Lady Balogh Trust
Dudley & Geoffrey Cox Charitable
Trust
Dr Edwards & Bishop Kings
Fulham Charity
East End Community Foundation
Wakefield & Tetley Trust
Westway Trust
Paddington Welfare, Rotary &
Royal Lancaster
HM Treasury Tampon Tax (Hestia)
London Community Foundation
The Daisy Trust
Westminster Amalgamated Charity
LB of Westminster
The Danson Foundation, RSA
comm. etc
LB of Newham
City Bridge Trust
Hammersmith & Fulham council
Fast Track
Tower Hamlet Local Community
Fund
Strand Parishes Trust
Hackney Parochial Charities
CAF Resilience
London Catalyst East London
City of London Solicitors
The Goldsmithss' company
Marylebone Hotel
Dentons
Merchant Taylors' Consolidated
Charities
Axis Foundation
Assura Community fund
Peter Stebbings Memorial Charity
Ministry of Justice MOPAC/MOJ		 At 1 April
2020
Income
Expenditure
Transfer
At 31
March
2021
£
£
£
£
16,942
52,706
69,648
-
17,875
102,537
81,071
39,341
15,593
-
15,593
-
1,000
-
-
1,000
2,445
-
1,788
657
-
5,000
5,000
-
-
2,000
2,000
-
-
7,000
1,084
5,916
-
1,000
1,000
-
5,000
-
5,000
-
-
49,990
38,749
1,600
9,641
-
15,007
1,321
13,686
-
6,150
6,150
-
462
-
462
-
-
2,000
2,000
-
-
1,000
1,000
-
10,144
14,800
9,070
15,874
3,351
-
3,351
-
-
10,000
10,000
-
-
45,540
41,540
4,000
-
-
4,987
-
4,987
-
3,000
3,000
-
750
-
-
750
-
4,000
967
3,033
6,279
19,279
23,051
2,507
1,833
5,665
6,297
1,201
-
3,903
2,833
1,070
18,800
7,222
11,578
8,243
-
8,243
-

-
37,675
37,675
-
-
1,100
-
1,100
-
8,000
8,000
-
-
30,000
6,625
875
22,500
-
11,750
916
1,000
9,834
-
37,500
14,000
23,500
-
10,000
5,647
4,353
2,290
-
-
2,290

92,208
510,389
420,305
7,475
174,818

The transfer is the money spent on project equipment which is part of the Fixed Assets in the Balance sheet. This amount is transferred to the Unrestricted funds for it to be depreciated over 4 years

Prior year adjustment

37

Woman's Trust Notes to the Financial Statements For the year ended 31 March 2021

Purposes of Restricted Funds

The restricted resources comprise donations and grants from individuals or organisations to be expended for the continuation of counselling projects and support groups.

15 General funds

The general funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the Trustees for specific purposes:

At 1 April
2020
Income
Expenditure
£
£
£
Designated Funds:
15,000
15,000
15,000
45,000
25,000
45,000
60,000
40,000
60,000
General Funds
181,964
458,824
296,539
Total General Funds
241,964
498,824
356,539
All designated funds will be spent within 12 months.
General funds split
Funds c/fwd
£96,013
Reserves
£255,711
Provision of
counselling service -
projects
Projects - operational
costs		 Transfer
-
7,475
7,475		 At 31
March
2021
£
25,000
15,000
40,000
351,724
391,724

38

Woman's Trust Notes to the Financial Statements For the year ended 31 March 2021

16 Analysis of net assets between funds

Fixed assets
Creditors: amounts falling
due within one year
Current assets		 General
Funds
£
23,278
400,193
(31,747)
391,724		 Restricted
Funds
Total 2021
£
£
-
23,278
195,191
595,384
(20,373)
(52,120)
174,818
566,542

17 Lease commitments

At 31 March 2021 Woman's Trust had total commitments under operating leases on land and buildings as follows: We are at the moment on tenancy at will due to staff stll working at home but negotiation is currently on going to establish a contract.

Within two to five years
Within one year		 2021
2020
£
£
-
9,641
-
-
-
9,641

18 Related Party Transactions

There were no related party transactions in the financial year (2020:none)

39

Woman's Trust Notes to the Financial Statements For the year ended 31 March 2021

19 Prior Year Statement of Financial Activities

Notes Unrestricted
Funds
£
Income and endowments from:
Donations
2
211,193
Charitable activities
3
147,108
Investment income
4
306
Total income
358,607
Expenditure on:
Raising Funds
5
55,602
Charitable Expenditure
6
292,838
Total Expenditure
348,440
Net Income/(Expenditure)
8
10,167
Transfers between funds
Net Income/(Expenditure) for the Year
10,167
Total Funds as at 1st April
231,796
Total Funds as at 31st March
15
241,964		 2020
Restricted
Total
Funds
Funds
£
£
-
211,193
379,661
526,769
-
306
379,661
738,268
-
55,602
390,025
682,863
390,025
738,465
(10,364)
(197)
-
(10,364)
(197)
102,572
334,368
92,208
334,172

There are no recognised gains and losses other than those passing through the statement of financial activities account. All incoming resources and resources expended derive from continuing activities.

40