woman's Yrust recovery from domestic abuse Annual Report and Financial Statements 31st March 2024 Charity Registration Number 1143513 Company Registration Number 06886781 (England and Wales)
woman's Yrust recovcry l¥()In dome%tlC IibLise Contents Chair and CEO'S Foreword Trustee Report Goveriiance and Adminislralive Infoimalion 15 Independent Auditor's Report 23 Financial statements Statement of Financial Activities 26 Balance sheet 27 stalement of Cash Flow 28 Principal Accounting Policies 29 Noles to the Financial Statemenls 31 The Trustees present their statutory report logelher with the financial statements of Woman's Trust for the year ended 31 March 2024. This report has been prepared in accordance with Part 8 of the Charities Act 2011 and conslilutes 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 {Charily Registration Number 1143513) and a company limited by guarantee (Company Registration Number 06886781).
woman's Yrust reiovely Iroin domestic ¢ibiise Chair & CEO'S Foreword This year, woine17 and childrei) l)ave faced worsei)ii)g abiise aiid nierilal healll), 88 a resiill ol the country's economic and social challenges. wliich followed oli froin the pandemic. The cosl-of-liviiig crisis has lelt both the women and children we support and our colleagues slriiggling. Woman's Trust called for urgeiit action lo priorilise Ilie devaslaling impact of doinesli¢ ablise on women's aiid girls, mental health in Nnvember 2023, as we marked 16 Days of Action. SiitvivoTs continued lo tell lis that counselling and rnenlal health siipport is Ilieir highest need, as evidenced by the Domestic Commissioner for England and Wales's own report (A Palcliwoik of Provisioii, 2022} wliicl) sl)e presented al our eveiil "No wonien turned away" New dala published since by the Royal College of Psychialrisls have Provided further evidence of abiise as the Inain dfivei for women's and girls, mental ill health, with national police data revealing that sui¢ides due to domesti¢ abuse had overtaken homicides. Woman's Trust faced Increasing demand for our services, whilst costs increased al a faster rale than funding. For the second year now, we were only able to provide direct therapeutic support to only half1917 out of 1,596) of Ihose contacting us. Wilhoul our support, women are left with nowhere lo luln to, as the NHS Mental Health Services reported a million people on wailing lists this year and London's slalulory services including social care and housing were also overwhelmed. As we completed Ihe second year of our five-year Strategy, we continued lo develop nnovative services and partnerships across the whole system. We worked together with our commilled and passioiiale funders, both existing and new, as well as slalulory agencies, lo provide higli-qualily Irauina-infoTined service5 across Londoii lo more woinen Ilian ever. We bui51 oll our partiiersl)ips with other specialist 'by and for, women's charities, as a Ineniber of Women's Aid Federation of England & Wales and the London VAWG Consortium, to reach Ihose facing multiple disadvantages and diverse groups inclL¢ding young women and girls, and black and minorilised coininunilies. We are privileged lo work with passlonate, commltted and expert staff, both our counsellors and front-line colleagues, as well as the wider Woman's TTUSI team. We recognised the impact these diificult liines have had on Iliem and conliiiued lo focus on providing a positive supportive environment, ensuring llaining and development. a work-life balance and flexible working. As the year came to a Glose, Sally Fleld stepped down as our Chair in February 2024. Sally's coininilineiil and leadersliip for over 12 years enabled Woimaii's Trust lo become Ilie leading expert at Ihe inlerseclion of doineslic abuse and mental health and a beacon of hope for survivors. We welcomed Niki Scordi, the new Chair, as we work towards developing national responses and collaborations lo influence systems and deliver beller outcomes for women and girls. As we enter the third year of our strategy, we continue to centre our work on women's and children's needs and to amplify their voices. We cannot do this without Ihe conlinued support of our supporters, funders, partners and colleagues,. we thank you. Niki Scordi, Chair Heidi Riedel, Chief Executive OffIr
woman's Yrust rec.overy Iroin dome5tlC rihLlSe Trustee Report Our Vlsion, Mission and Approach Our vision is a world where women have the resources to prevent domestic abuse damaging their futures. Our mission is to help any woman in London affected by domestic abLise to overcome the mental and einolional harm and rebuild her life, by providing women-only, client- led counselling and support services. 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 ¢ounselling and support service. Woman's Trust is the leading specialist service provider of pioneering, free and confidential mental health responses for SLJrvivors'. + We offer specialist 'person-cenlred' counselling and Iherapeulic services, informed by an understanding of the long-term mental health and emotional impacts of domestic abuse • Through a trauma-informed approach, we enable women to make their own choices and decisions, in their own way, in overcoming the risk and damage caused by domestic abuse, and • We are expert in understanding the dynamics of domestic violence and abuse and its devaslaling and often long-lasling effects on women's lives and that of their children, providing accessible services regardless of race, religion, class, or culture. Woman's Trusl is a women-only organisalion. It is led by members of the community it was develope(J to serve.. women who live or work in London. We provide a safe environment for women to discuss their experiences openly and withoLIt fear of being judged, to process their thoughts., and to understand, express and learn to Inanage their feelings and reactions wilh tlie help of our specially trained therapists. We work with women at our dedicated Women's Centre in central London, regional London hubs and online, to meet women where they are at. Our services are accredited by the British Association for Counselling and Psychotherapy (BACP) Ethical Framework for tlie Counsellin Professions 2018 L. We are also accredited for the National Quality Standard of Community Services by Women's Aid Federation for England & Wales.
woman's Yrust re£ove¥y Irotri domestic tibu5e We work in a whole system approach to ralse awareness and iinprove understanding of Ihe impact of domestic abuse and VAWG on womon's and girls, mental health, aiining to deliver systems change and improve outcomes for siirvivors. We enqage with volLintary and stalulory soclor partners, working in partnership lo develop frameworks and responses lo meet Ilie needs of woinen and girls. We provide awareness raisiiig worksliops and training for professionals and front line workers, both voluntary and statutory partners, on mental health, suicidal ideation and improving responses and mental health outcomes for women and girls survivors of DA. We carry out research and share praclice-based evidence. based on our almost 30 years of expertise, ainplifyiiig woinen experts by lived experience voices, sharing our besl-praclice approaches and publishing briefings lo influence commissioners and policy-makers across local and national government level. Impact at a glance Our services 1596 referrals received 917 women offered support, 679 women received triage. advice aiid sigiiposling support Servlce engagement 143 women in Iherapeulic Support groups 496 women in counselling 114 women in Workshops Key Outcomes Counselling Therapeutic Support groups Self-development Workshops 70D/o redliced suicidal thoLigl)ts and idealioii 71010 reduced self-harm 94 /0 rediiced feeling stress and anxiety 890/0 had more control of their future I000kn fell less isolated. 960/0 improvement in onfidence. 970/0 reduclion in stress and anxiety levels. 96 /0 greater sense of control over their future 97 /0 feeling beller equipped lo cope 940/0 improvement in self- esteem. 93 /0 improved inter- personal interactions.
woman's Yrust recovery from domestic abLJ5e Our counselling and support services Domestic abuse has affected 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 Ihe woman and her children. Our services enable women lo recover from domestic abuse and rebuild their lives. We aim to tackle the emotional and psychological damage caused by abuse, by providing mental health services lo women and their children, including specialist person-centred Irauma-informed one-to-one counselling, therapeutic support groups (both BACP accredited seIceS), educational and self-development workshops, webinar resources for anyone experiencing domestic abuse and help women with small grants from a hardship fund, where possible. A Woman's Servlce Journey Women access our services directly or through a referral from diverse pathways, including statutory and voluntary partners, such as the NHS and other health agencies, the police, social care and other VAWG and mental health Gharities. A86998menl on $ultablllly for dlrecl ¥upport .andlor 81gnp0811ng lo,8 r8ng& ol È118rnallv6 88rvie8B. Long*Term~ Coun8olllno.'_ Therapeutlc Support Groups ,Up-104 cenlr wilh,a.. per80n.. 0'88long gcl81181 Up lo 8 2-hour sessigris, led by a specialist coun¥ellor. empowering women lo share expgriences and support each other 010881on8 Women can choose to access one or more services simultaneous- sly or one after the other, as each woman's journey is tailored lo her needs. Self-Development Workshops Wobinars 2-hour online and In person sessions d&signed lo help women wlh Ihe praGlical and emollonal Impact of dome¥lic abusè, to support their recovery eos of psy¢ho- u¢allonal work- shops:'on a rang8 01188ues. avallabl&,on ourweb8110
woman's Yrust recuvery Iroin doincslic ¢il)use "The counselling space has been hnrd work, but I'm deeply gratefiil that I had (J wonderful coun5ellor to help giiide me through discussing trouma, overcoming ond managing it. The spoce ollowed me to volidote my experience ond difficulties. There were often thoughts I shared out loud and I was worried about how they might be received, but I neverfelt judged. The sp(Jce ht7s been so incredibly heulingfor me. This was thefirst time I discussed the rape and miscurriuge l experienced. I no longerfeel so afraid to expre55 my experlences. In n way, Ifeel like I'vefound my voice again. Since receiving counselling, I hove been able to re- engoge with myfriends, and communicate my need5 better with my portner ondfomlly. l olso nppreciate that, if I need to, I can return to Woman's Trust. Knowing that this service can stoy us on option for me to re-engage with, greatly helps my mental health. I would like to soy o personul thank you to my counsellor, who hns been n wonder since myfirst session - a m055ive thank you to her." Womun supported- February 2024 Our reach: referred to and engaged with our services Throughout the year 2023124, Woman's Trust received 1596 referrals (1758 in 20221231 from a variety of sources, with 917 clients offered direct therapeutic services1632 in 2022123). 679 women were provided witli initial triage support and sign posted to a5ternalive non-specialist services for further support, as we were al financial and resour capacity. A quarter of total women offered services originated from our partnerships with Greater London Authority's Safer Accommodation Whole Housing (LWHSPI and Floating Support {PLFSS) programs, launched in 2022123. Self-referrals from women survivors (29Q/o) and referrals from the NHS 1190/0) continue to be the main pathways to our services. ALL SERVICES REFERRERS 2023124 25 MÈnL4iHoai1hlNH&M.PAE•l 192 19 2¥ VAYkl8vdwtitys¢101 121fi o* 20 25Y• 35%
woman's Yrust iecovery froni doinesLIc ¢ib115e At Woman's 'friisl, 53% of women and girls who accessed and engagcd with counselling, support groups, and worksliops came froin global Inajorily (including Black, African, Asian, dLial-herilage and racialised) groups, compared to 47% of London's deinographic profile (Census, 2021). Our services are offered to young women and girls from 16 years old, as well as to adult women of all ages. Women aged 26 to 50 present 73 % of those engaged with our services. Since the launcli of the specialist service lo 16 to 25 years old, in partnership with London's Violence RedLiclion Unil (the Maia & LIFT Partnership) in 2022123, we have been delivering awareness and self-developmentworkshops across 6 London boroughs. ETHNICITYQFALLATTENDINGSERVICE CLIENTS 202312024 AGE RANGE OF ALL SERVICE CLIENTS 202312024 ILlAlI 2LS¥ o1EthhY 27 1 259b BIKk El¢ 7% 18 41b WMt•Biltlsh 24¥ 04 IG.20 21.YJ 26- 31-Jto 4l.W SI. GI-70 714 Servlces provided Our goal is lo offer a variety of services tailored to address the diverse needs of our clients and aid them in overcoming the trauma of domestic abuse. REFERRALS ENGAGEO BY SERVICE 202312024 161 SvpptGr0ups t614
woman's Yrust recovery Iioin dotK)e5tic abuse 8ervlce No ofWom8n 0/0 Wonwn 496 63,10 143 18./. 144 783 Counselling £iipport Group Workshops All Sèrvlces FY2023.24 {Non-unique women 1001. I Servicos FY2023-24 (Unique women). 663. A total of 663 women were provided at least one of our services after assessment and 70% (496 23124, compared to 446 221231 engaged with individual counselling sessions, with some women accessing multiple services. Of the women accessing our services, 496 women engaged with one-to-one counselling and attended 770/0 of all sessions offered (4398 of total 5711 sessions). Following the Covid pandemic where our counselling services were mainly accessed online, this year we were able to offer an increasing amount of face-lo-face counselling to women who preferred it. Woman's Trusl has remained a crucial support for many individuals. Our group sessions, including therapeutic support groups (a total of 223 sessions, consisting of 28 provided group blocks, each lasting 8 weeks} and psycho- educational workshops (comprising 86 sessions), were successfully continued both online and face-to-face. "I think Woman s Triist.slioiild be siipported, because it is a safe spncefor women ond girls to shore their experiences and be heurd, and also be taught about different types of abuse and whot to be aw(yre of An thefuture. I hove leornt (ybout pntterns of obuse by reflectlng on my own experience, ond it has a150 been incredibly validating to speak up about it ondfeel safe doing so. Woman's Trust helps to build our confidence nfter coming out of abusive relationships which most likely stripped us of it and that confidence in self is very importt7nt in order to move forword und trust yourself again. Woman supported- February 2024
woman's Yrust iecuvLry livrTI duiii£'sliL ()IJu5L' Impact: Our Outcomes 1. Counselling service A total of 496 received direct COLinselling support. with 5711 total counselling sessions delivered in the FY 2023124 of which 770/.14398) were attended. Women engaging with counselling services reported an improvement in their mental health and well-being, and reduction in suicidal ideation, as well as more able lo make life choices and have better relationships and connections. We ensure the effectiveness and impact of our services on women's lives, through the use of the Clinical Outcomes in Routine Evaluation (CORE) for counselling and entry and exit questionnaires (EQ) for all our services. Women told us that our support helped with their recovery from domestic abuse and improved their mental health.. 94Q/o reduced feeling stress and anxiety 70010 reduced suicidal thoughts and ideation 71 % reduced self-harm 57 % reduced their feelings of depression 950/0 improved their se5f esteem 910/0 were more confident 89 % had more control of their fulure 95 % had belter understanding of their rights and how lo access services for support 950/0 had improved their interpersonal and family relalionships 81 % had improved their relationships with their children, of those with children 'The whole process was o complete educotion. The Impoct of deolin9 Wlth the trauma wos 50 Ampuctful that it showed up in my emotionul, mental und physic(Fl he(Jlth - I never knew thnt this wos o 'normal'consequence but hovingsuch o good relotNonship with my counsellor re(ylly helped os I wns open with her about what I wt7s experiencing she put me ot ease with the facts oround how therapy impact5 the mind and body. 11 underestimnted how miich I needed t(J understnnd my odult triggers and leorn the connection ond the importance of learning how to sooth my inner child throughout the proce5S." The importance of cultur(Jl represent(Jtion w(Js key to me mnking the most of the sessions offered to me, I needed to know I would be completely understood. I was ht7PPy to waitfor the right therapist to be assigned to me. She was 100% worth the wait. io
woman's Yrust iecovery Iioiii doiiiesliL cibiibe "I feel empowered and privileged to be in a position to hove the tools thot work for me, und willlorever be gr(yteful to WTfor their generosity. I hove noticed l much more open about my own-wellbcinfj with my fomily, friend5 nnd collet7giies which enables conversations about how they are doing. I hope thot by shoring my story people who are concerned abolit askin9 for help won't hesitate. Stigmo around thernpy is reol yet more and n?ore people iieed it to journey life us best we can, I liope tlpis will cli(Jnge aiid that WT will be given tlpe recognition they deserve. THANK YOU FROM THE BOTTOM OF MY HEAR T TO EVERYONE wfAND FUNDERS WHO MAKE WORK LIKE THIS POSSIBLEI" Women attendlng coun5elling- June 2023 2. Therapeutic Support Groups Our specialist trained counsellors facilitated a total of 28 Therapeutic Support Groups, with each group comprising 8 sessions. For support group programmes ending in FY2023124, these garnered a significant attendance of 881 attendances, with 107 unique women benefiting from the service {980 altendances, 150 unique women benefiting FY2023124). The impact of the Therapeulic Support Groups was ovehelMlngIY positive, as women reported..
100 % felt less isolated. 96 /0 of parlicipanls reported an improvement in their confidence. 970/0 experienced a reduction in stress and anxiety levels. 5b 96 /0 fell a greater sense of control over tlieir futLire. 98 % reported improved ability lo participate in group discussions. 930/0 indicated an enhanced understanding of their rights. "The venue is a relaxing, friendly, welcoming ond restorative space run by lovely people. It h(ys been o pleosont surprise to be welcomed into other events held ot the veniie. Thls offers comfort and companionship (ynd the cl7once to meet women supported by different groups. There is alwoys a wnrm welcome 17nd encoijrogement to particip(Jte I feel a part of something posltive. worm (Jnd supportive. Ifeel less lonely in my journey to reclaim myself." li
woman's Yrust recovei y froin don)eslic abuse -Beiiig able lo reveol what feels like eurih shattering stories ol my lived experienie and receive love (ynd support from the group. The environment that [my groupworker] hos created encoiiroges an opening lip whenever one is ready to try. Llstenin9 to others has been on (Jmazing experience. The ch(ynGe to offer support to another person with afew words of comfort completelyshifts thefocusfrom the weight of one's own worrie5. [My groupworkerj hos beeip superb. 51pe is Ilie inoin reason I continue to attend the sessions. Ifeel supported by lier. Sl?e iT)nnnges the group very well. Ifeel safe in her space" Women uttendlng Groups- November 2023 "I have hod the chance to share experiences of very difficult and troumotlt thArJgs in o sofe space with people that understand und give empathy. This has meant some things ore no longer just locked inside or eoting away at me. I hnve o chance to let some things go. l olsofeel thut Ifelt v(ylid(Jted ond understood by the women in the group ond thefacilitator. This gove me courage (ynd n bit more confAdence to face life generally." Womun attending Groups- December 2023 3. Self-development workshops Our Self-Development Workshops were accessed by 103 women, with 52 attended workshop sessions and a total of 367 attendances. Our workshops included Workshops for young women aged 1610 25 experiencing domestic abuse and additional needs including care leavers, school exclusions and al risk of exploilalion and offending, as part of the Maia & Lift programme in partnership with Advance and funded by the LVRU, Workshops aimed at supporting women and their children with housing needs in refuges and the community, parl of the GLA-funded PLFSS programme in partnership with the London VAWG Consortium and Refuge, Workshops focused on empowering women with knowledge and awareness of the effects that domestic abuse may be having on them and others, and helping to rebuild their self-esteem and confidence in a safe, supportive environment amongst peers, funded by City Women Nelwork and the RBKC Serious Violence Unit, Thrive Futures Theatre workshops- partnership project aimed at providing a space for women to express themselves by connecting with other women through creative activilies, and for Ihem to rediscover and explore skills and talents. 12
woman's Yrust rvr.ov?iy Iroin doFt)estlC cil)use Women, including the Young women we supported reported overwhelmiiigly positive outcomes and impact of the workshops.. 94 % of the women experienced an improvement in their self-esteem. 93'/o reported iinproved interpersonal iiileraclions.
96 % fell an increase iii their overall confiden. 990/0 increased their confidence lo change their lives. 970/0 fell botler equipped to cope with their experiences of domestic abuse. 970/0 fell workshops improved their skillset. The outcomes and women's feedback demonstrate the effectiveness of our Self- Development Workshops in empowering women, enhancing their well-being, and enabling them to overcome the challenges associated with domestic abuse. "Ifelt v(ylidoted by seeing how my sense of self/identity has been impacted by my history of DA and that it s no surprise I struggle with tlie Assues of low 5elf-esteem / poor sense of personal identity. l enjoyed the opportunity to leurn and shore 05 a group and reolise I nm farfrom alone when it comes to these problems, th(Jt I wus not the originator of them but, by procticing the suggestions presented and by focusing on getting to know myself ond learning to accept ond value myself listed con heal ond re-build my sense of self / identity goingforw(Jrd. l especiolly liked the 501ution part.- Woman attending Work5hops- June 2023 "[The groupworker SJ very insightful overview of couses of loneline.ss o[ter doinestic t7biise wos littered with very useful exomples and scenarios. Her opprooch mode it eosy to see one's own sltuotion ond gove room to stnrt thinking obout lived experience compared to oll that Anform(ytion. This overview wos u useful precursor to the deeper levels of exploration throughout the workshop. Indeed, this first port of the workshop gave me an iden of just how deep and real the talk would be, triggerin9 mnny thoughts ond feelings,. and many things I hod chosen not to think of." Woman ottendlng Workshops- Januory 2024 13
woman's Yrust rLLUVL'iy IIuiTi duiiiLslic abuye Raising awareness in a whole system approach We woi'k iii a wliole syslein appi"oacli lo raise awareness aiid iniprove uiidei'slaiidiiig of the impact of domestic abuse and VAWG on women's and girls, meiilal hoallh, aiming lo deliver sy.stems change and improve outcomes for survivors. As parl of this work we hosted events and roundtable dlscussions with statutory and voluntary sector stakeholders, including Sophie Linden the Deputy Mayor of London for Policing and Crime, and Claire Waxman London's Victims Commissioner. In October 2023 Woman's Trust held the event"No women turned away: meeting the needs of survivors of domestic abuse" We hosted Nicole Jacobs, Domestic Abuse Commissioner (DAC), who talked about her report on the patchwork of provision for survivors of abuse, which highlighted the postcode lottery of service provision as well as women's unmet counselling and therapeulic support needs with less than half of those who wanted mental health support able to access it. wornon's We raised awareness of Ihe impact of domestic abuse on mental health with diverse stakeholders, including presentations of Woman's Trust work at the Royal College of Psychiatrists 'Trauma informed Care" conference in May 2023 and the National Women's Institute event on International Women's Day, March 2024. We also continued to work as parl of a whole system approach and in partnership with charities from across the VAWG sector, as members of the London VAWG consorlium, the Angelou Partnership and Woinen's Aid Federation. 14
woman's Yrust recovLry Iruni doi)iesliL Iibiise Governance and Administrative Information Governance, Structure and Management Trustees Administrative Information lat dale of approval of financial slaleinei)Is, except where noted} Appointed on 1 February 2024 and Chair from 25 February 2024 Niki Scordi Maya Rodriguez Treasurer and Chair of Finance Committee Charity Reglstratlon number 1143513 Laura Mccarthy Chair of Ethics and Practice Committee Sharon Citrone Resigned on 8 November 2023 Company Registration Numbar 06886781 (England & Wales) Nicola Peers Joint Chairs of Fundraising and Communications Committee Nadia Mahmud Anthonia Ifeanyi-okoro Debbie Hartley Incorporation, Memorandum and Articles of Assoclatlon 24 April 2009 Linda McHugh Joanne Baker Resigned on 16 May 2024 Chair of HR Committee Helen Smilh Chair until 24 February 2024,. resigned as Registered office trustee on 15 May 2024 West End House Appointed on 16 May 2024 37 Chapel Street London NW15DP Appointed on 22 July 2024 Sally Field Deborah Freeman Vyara Stoycheva Heidi Riedel Chief Executive Office 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 15
woman's Yrust recovei y froin domestlL <il)Iise Organisafional Structure Woinaii's TfLlSt's ulliiiiate decision-niaking body is ils Trustees, working colleclively as a Board. The Trustees are the Directors of the compaiiy Day-to-day management of Woman's Trust is delegated to an employed Chief Executive Officer, who in turn is responsible for delegating work lo staff and volunteers. 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. Woman's Trust Counsellors are a mixture of fully qualified employed counsellors, plus volunteer counsellors some of whom are still undertaking their training. Post-pandemic and following the re-opening of our offices, we have been able to enhance Woman's Trust staffing with some dedicated volunteers. 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 at least 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 information about Woman's Trusl services, the annual financial statements, job descriptions, roles and responsibilities of Trustees, the conslilulion, and the strategic plan. Trustees are given an induction to Ihe work of the service at the charity's office and key organisalional aspects, including meeting with members of staff who introduce the work to them. The Gharity provides opportunities for Trustees to attend internal specialised domestic abuse training and external training, including governance and charity finance. Rlsk Management The Trustees have assessed the major risks to which the charity is exposed in-line with the risk management policy. The Trustees and Chief Executive Officer undertake regular risk assessments, including 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. Quarterly Board meetings receive reports from sub- committees on any new risks and, where major risks are identified, the Trustees will take the appropriate action to ensure that these are mitigated. Major risks are idenlified below. 16
woman's Yrust I'ecovery froin doniestlL <il)IlSLI Rlsk Identified Mitigation response Trust and foundation incoine opporlunilies have reduced since our turnover increased to over £1m per year. + We have increased investment in fundraising to focus on slatulory, corporate and individual giviiig fLinding streams so we can plan loiiger-term., • 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 bLidget 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, in addition to increasing unrestricted reserves and fundraising for core costs. Competition for funding has increased as other funding SOLJrGes such as statutory have decreased. The loss of key staff, who • We have introduced longer notice periods for key would be difficult to replace, positions. or replace quickly. + We adapted the staffing levels, increasing hours for more Increasing difficulty experienced staff, and reshaping responsibilities to make recruiting staff and the high best use of the staff and volunteers we have available. cost of living in London We have documented systems, job handbooks, meetings and plans to ensure staff and volunteers can access Ihe 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. • We have reduced OLFr dependence on volunteer counsellors by recruiting more directly employed ounsellors. + Wè conlinue to use some volunteer placement counsellors who may become a pool of potential employed counsellors, to ensure we respond to changes in demand and need. nsufficient qualified counsellors to deliver a safe seNice 17
woman's Yrust recovery Iioin domeslic abuse Financial Activitios Overview Woman's Trust received £1,044,472 in total income in the year lo March 2024. Unreslricled income of £414,424 made up more than a third of Woman's Trust total income. Of tliat suin, unrestricted donations and gifts were £137,912. Restricted income totalled £630,048. In the year lo March 2024, expenditure was £1,085,470 increased by 6.70/0 compared to the previous year. Service provision costs increased by over £79,000. The labour market tightened further in the year, and it was necessary lo use specialist agencies and some sessional staff during the year, increasing staffing expenditure. The cash position at the end of the year was £479,431, a decrease of £47,732 (90/0). Restricted funds Carried forward were £89,536, reflecting the fact that project funding is rarely aligned with financial years. The unrestricted funds stood at £447,402 at the end of the year, and this similarly includes designated funds of £40,000 set aside to cover core and project, £29,200 core funds carried forward. This leaves reserves funds of £378,202 an increase of£29,303 over last year. Reserves Pollcy The Trustees review Ihe Reserves Policy annually and the calculation of the required level of reserves is an integral parl of the organisalion'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 li.e., unrestricted funds excluding designated and Assets) to be maintained at a level which ensures that the organisalion's Core activity could continue during a period of unforeseen difficulty such as: • a funding gap, possibly whilst wailing for the result of an application- + funding short term deficits in a cash budget, when paid in arrears; • covering unforeseen day-to-day operational costs, such as paying temporary staff in the absen of permanent staff., + covering unforeseen emergency costs. The Trustees believe that it is prudent for the financial reserve lo 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. We increased our reseNes in 2023124 to £378,202 (2023.. £348,899) in line with our increased core costs, and plan to maintain this level in 2024125. 18
woman's Yrust recovery Iram dome5tlC iibijsp Going concern The investment we Imade in partnership workiiiq produced several iiew slraiids of mulli-year slatulory funding. In addition, we have seciired several other mulli-year funding grants and donations from trusts and foundations, corporate funders and donations. Our current position is sufficiently secure, supported by reserves, to give assurance that Woman's Trust remains a going concerri for the following reasons.. • budget and cash flow forecasts prepared show that Woman's Trust has sufficient funds to meet ils obligations for the next nine months and we have a fundraising plan, and fLtndraising resource, in place to raise funding beyond that time., and + managemenl information systems enable timely decision making. Fundraising Overview 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 fLrndraiser or commercial participator to raise funds on our behalf. No complaints have been received about our fundraising aclivilies. Most of our fundraising activity is applications lo charitable trusts and foundations, and to statutory funders such as the NHS, Local Authorities and central government. We plan to increase our income from donations by community fundraising and building relationships wilh corporate and individual donors. Donations reiVed as a result of active fundraising are dedicated to the purpose for wliich they weie raised for. We want to thank our funders and donors for their continued support, including.. Bruno Schroeder Trust London Freemason Charity Merchant Taylors, Foundalion Palhways Housing New Philanlhropy Capital Pelcr Slebbing Memorial Charity SDuler Charitable Trust Weslminsler Amalgamaled Gharily We51minsler Almshaus Foundation Charles Hayward Foundation City Bridge Foun(Salion Clolhworkers Foundation Zurich Community Greater London Authority London Counclls Dr. Edwards Bishop King's Fulham Charity Dudley & Geoffrey Cox Tru81 The Fishmongers Company Hammersmilh United Charity The Henry Smith Charity Hyde Park Place Eslale Charity Kosuma Trust Strand Parishes Trust London Violence Reduction Unil Tara Gelly Foundation The Vintners, Foundation NHS North Wesl London ICB RBKC ChilLlren & Families Services The Worship Company of Cullers Wesl Hackney Parochial Trust 19
woman's Yrust reLOVLly froin doniL'StIL abuse Future Plan5 and Strategy 2022 to 2027 We have concluded Ihe second year of our 5-year strategy and have delivered in-line with our strategic aims of.. Offering high quality and effective counselling and Inental health services to women and children survivors of domestic abuse Sustaining existiiig funds and growing our income lo expand our offer to meet the increasing number and needs ofwomen and their children Raising awareness about Woman's Trusl work and influencing the debate about domestic abuse and mental health in London and nationally Ensure that we have the staff with the right skills, in the right place, at the right time Our medium-term goals for Ihe next three years remain.. + To continue to deliver high quality trauma-informed mental health services and play a significant role in the London-wide provision and improvement of specialist services offered to women affected by domestic abuse; + To ensure we increase capacity of services to respond to the unmet demand for counselling and therapeutic support,. • Recognising that domestic abuse is part of a larger picture which includes the impact on children and mothers, young women and girls, and the criminal justi system response, use our expertise to support integrated approaches lo these., * To produce reports, based on evidence and research, on key findings SLtch as.. suicide and self-harm, mental health, the criminal justice system and mental health, and young people and mental health and OLir interventions to influence commissioning and delivery, as well as policy makers and government at London and National level and improve mental health and social justice outcomes for women and girls., + To continue to build partnerships with voluntary, statutory and organisations to influence on key strategies and action plans on the Mental Health of Women and Girls Survivors of DA., • To ensure the organisalion is on a robust and sustainable footing, by continuing our fundraising effectiveness and maintaining our reserves in-line with our reserves policy. 20
woman's Yrust rec.IJVL)ry Ii'om doii)esliL abuse Public Benefit statement Trustees have referred lo the Charity Commission's geiieral giiidance on public benefit in reviewing the aiins ai)d objectives ol Ilie cliarily. in plaiiiiing future activities and, in partlCLilar, how planned aclivilies will eonlribule lo those aims and objeclives. Woi)ian's Tiusl's charitable objecls are lo relieve women and children who are or have been affected by doineslic abuse, by providing couiiselling and support services. Woman's Trust's services have the following benefits.. • Improving the mental health of women affected by domestic violenee, reducing the likelihood that they will suffer from depression, posl-traumalic stress syndrome, suicidal idèation, or any of the olher mental health conditions associated with domestic abLJse', • Einpowering women affected by domestic violence lo function beller and lo make beller choices, enabling them lo live fuller lives through, for example. beller relationships with other family members and people outside the home. improved ability lo work, lo control their own fInanS and lo lake an active role in society., * Conlribuling towards the safely and emotional health of children whose families are affected by domestic violence., + Enabling women in abusive re121ionships to build their knowledge of support services, social networks and personal strength so that they can miligale risk, plan for a safer future, and understand what seNices are available lo them. These benefits relate directly or indirectly lo several charitable puiposes including (he adv2ncemenl of health (primarily mental heallhl, the advancement ol human rights and citizenship, the relief of poverty and of those in need. In extreme cases, this can extend lo saving lives as women are einpowered lo overcome the danger and damage caused by domestic violence. Woman's Trust's seNices are only for biological women who are or have been affected by domestic abuse bul are not otherwise resllicled in pi"inciple. li) practice, there are certain reslriclions.. + where our funding is reslricled lo particular local authority or other geographical areas, beneficiaries mLisI come Irom those areas. This reslriclion varies from lime lo lime as funders change., • counselling is available only in certain languages., + the needs of people with childcare {or other caring) responsibilities cannot always be met. Woman's Trust seeks to overcome these ieslriclions where funding is avallable. All seJvices are cuirenlly free to users and there is no exclusion due lo simple inability lo pay. All private benefits- lo our staff, suppliers and volunteers contribute directly lo achieving Woman's Trust's aims. For these reasons, the Trustees are confident that Woman's Trust meets the public benefit requiiemenls for charities. 21
woman's Yrust reiovery Iioin doii)estic abuse Statement of Tr(Istees' Responsibilitios Company Law requires the TrLislees prepare financial statements for each financial year which give a true and fair view of the slate 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.. • Select suitable accouiiling policies and then apply them consistently., • Observe the methods and principles in Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the United Kingdom and Republic of Ireland IFRS 102)., • Make judgements and estimates that are reasonable and prudent., • State whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., and • Prepare the financial statemenls on a going concern basis unless it is inappropriate to presume that the charitable company will conlinue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any lime the financial position of the charitable company and enable them to ensure thal 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 legislalion 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.. Niki Scordi, Chair Approved by the Trustees on ]/ OJ k 2p2? 22
woman's Yrust rccovory Iroiri (IorniL'5tIC Iihlise Indtsptsndent Audltors, R9POrt lo the Trustees of Wornan'8 Tfii81 For the yèar elidèd 31 Marcl) 2024 Oplnlon We have aiidiled 11)e liiiaiicial slaleinenls of Woman's Tiusl lor Ilie year ei)ded J1 March 2U24 which comprise the slaternenl of financial aclivilies. slalemenl ol financial posilic>n and notes lo the firiancial slalemenls, in¢luding significant accoiinling policies. The financial reporllng framework that has been applied in Iheii preparation is applicable law and Uniled Kingdom Accounting Standards. including FRS 102 Tlle &iiiaiiciAI Rei)oitiiig .%lhiidard c?pplicable ii? Ilie UK aiicl Repiiljlic of Irblaiicl (Unitèd Kingdom Generally A¢¢epled Accounting Praclicel. In our opinion. the financial slalemenls.. 'give a true and fair view of the stale of the charitable company's affairs as al 31 March 2024 and of Its incoming resources and application ol resources for the year then ended., .have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Charilies Act 20111 Ba818 for oplnloii We conducted our audit in accordan¢e wilh International Standards on Auditing IUKI IISAS IUK}l and applicable law. Our responsibilities under those standards are further described In the Aiidilors respoiisibililios for Ilie aiidil olllie fiipaiicial slaleiiieiils se¢lion of oui report. We are independenl of the charity in accordance with the ethical requirements that are relevant lo our audit of the linan¢ial slalemenls in the UK, including the FRC'5 Ethical Standard, and we have flilfilled 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. Coiicllisloiis relalliiu to goli)g coii¢&rn In aiidiling the linan¢lal slalemenls. we have concluded that the Iruslees, use of the going concern basis ol accounting in the proparalioii ol the financial slalei))enls is appioprialo. Based on the work we have performed, we have not identified any material uncerlainlies relating lo events or Conditions that. individually or collectively. may cast signili¢anl doubl on the charily's abilily lo ¢onlinue as a going concern for a period of al least 12 months from when the financial slalemenls are aulhorised for issue. Our responsibilities and the responsibilities of the Iruslees ¥Mlh respect lo going concein are described In the relevant sections of this report. Other InforiTratlon The other information ¢omprises the inloTmalion incliided in the annual report. including the IILislees' report, other than the financial slalemenls and oiir auditor's report Ihereon. The Iruslees are responsible for the other information contained within the annual report. Our opinion on the financial slalemenls does not cover the other inlormalitsn and, except lo the exlenl otherwise expllcllly slated in our report, we do not express any form ol assurance conclusion Ihereon. In Connection with our audit cif the financial slalemenls, our responsibilily is ID read Ihe other information and. in doin9 so, consider whether the other information is materially inconsislenl with the financial slalemenls or our knowiedge obtained in the course of the audit, or otherwise appears lo be materially misslaled. 23
woman's Yrust reiovei y Iioin doineslii abuse Independent Aiiditors, Report lo thè Triisloos of Wuiiiaii'5 Triist Icoiiliiiiiedl For Ihp year oiidod 31 Marcli 2024 11 we idei)lily sucl) 17ialeiial iticoiisisleiicies or ilppdreiil Iiialeridl IlllSblaleiNenls. we are required lo determine whether this gives rise lo a material misslalemenl in the financial slalomenls themselves. If. based on the work we have performed, we concliide that there is a material misslatemenl of this other information, we are fequired lo ieport that fact. We liave nothing lo report in thi5 regard. Matters on which we arè r&qulred to report by axc&ptlo In the light of Iho knowledge and under$landlng ol the company and ils environment obtained in the course of the audit. we have not identified material misslalemenls in the Iruslees, report. We have nolliing lo report in respect of Ilie following malleis in relation lo whlch the Charity's Act 2011 requires us Its report lo you il, in our opinion.. .Ihe informalion given in the Iruslees, report is inconsislenl in any material respect wlh the financial slalemenls., or 'adequale and proper accounling iecords have not been kept., or .Ihe linanclal slalemenls are not in agfeemenl with Ihe accounting records and returns., or *we have not received all the information and explanations we require for our aLidil Respoi)sibllltles of trustees As explained more fully in the Iruslees, rèsponsibilities slalemenl, the Iruslees are responsible for the preparation of Ihe linancial slalemenls and for being satisfied that they give a true an(1 fair view, and for such internal control as the Iruslees determine is necessary lo enable the preparallon of financial slalemenls that are free from Inalerial misslalemenl. whether due lo fraud or error. In preparing the linancial stalemenl8. the Iruslees are responsible lor assessing the charity's ability lo continue as a going concern, disclosing, as applicable, mallers related lo going concern and using the goin9 concern basis of accoiinling unless the Iruslees either intend lo liquidate the charity or lo cease operations, or have no realistic allernalive bul lo do so. Audltor's responslbllltl&s for the audit of the flnancial slatèm8nts Oui objectives are lo obtain reasonable assurance about whether the linancial slalemenls as a whole are free from material misslalemenl, whether due lo fraud or error. and lo issue an auditor's report that Includes Olir opinion. Reasonable assuran¢e is a high level of assurance bill is not a guarantee Ihal an audit conducted in a¢¢ordance with ISAS IUKI will always delecl a maleTial Inisslalemenl when il exists. Misslalemenls can arise from fraud or error and are ¢onsidered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions ol users taken on the basis of these financial slalemenls. Iriegularilies, including fraud, are instances of non-compliance wilh laws and regulalions. We design procedures in line with our responsibilities, outlined above. lo delecl material misstalemen18 in respect of irregularille5. including fraud. The exlenl lo which our procedures are capable ol dele¢ling irregularities, including fiaud is detailed below.. 24
woman's Yrust recuvefy lioii) duiiie5tlL Iibuse Indepondont Aiidltors, Report to the Triislees of Woinaii's Trust Icoiiliiiiie(11 ror tlio yoar oiidod 31 Marcli 2024 Caplhilily ol Ilio aiidil iii d&locliiig irrogiililrilies, iiicliicli17g Iraiid Tl)e obleclives ol our audit are lo identify and assess the risks of Inalerial misslalemenl of the financial slalemenls due lo fraiid or error,. lo obtain sufficient appropriate audit evidence regarding the assessed risks of material misslalemenl due lo fraud or error.. and lo respond appropriately lo those risks. Based tsn our understanding of the charity and industry, and Ihrough discussion with the Ifuslees and other managers las required by auditing slandardsl, we identified that the principal risks of non- compliance with laws and regulalions related lo health and Safely, anli-bribery and employment law. We considered the exlenl lo which non-compliance might have a malerlal ellecl on the financial slatenienls. We also considered those laws and iegulalions Ihal liave a direct impact on the preparation of the financial stalemenls such as tho Charilles Act, Charities SORP IFRS 1021. laxalion and pension leglslalion. We communicated identified laws and regulations Ihroiighoul our team and remained alle lo any indications ol non-compliance throughout the audit. We evaluated management's incentives and oppDrlunilies lor fraudulent manipulation of Ihe financial slalemenls (including the risk of override of conlrolsl and delermlned Ihal Ihe principal risks were related lo pcisling inappropriate journal entrie8 10 in¢rease revenue or reduce expenditure and management bias in accounting eslimales. Audit procedures performed by the engagement team included.. -Dlscussions wlh Trustee's and assessment of known or suspected inslan¢es of non-¢ompllance wlh laws and regulations (including health and safely) and Iraud., and -Idenlilying and assessing Ihts design effectiveness of controls Ilial management has in place to prevent and delect fraud., and -Perforrning analytical procedures lo identify any unusual or unexpected relalitsnship5. including related paily Iransaclions that may indicate risks of material misslalemenls diie lo fraud., and -Idenlilying and lesling j(>urnal enliies, in particular any manual enlries made ale year-end for financial slalemenl preparation. There are inherent limilalions in the audit procedures described above and the fiirther removed non- coinpliance wilh laws and regulalioiTrs is from the events and Iransa¢lions reflected in Ilie financial slaleirenls, Ilie less likely we woiild become aware of it. Also, Ilie risk of not delecling a material misstalemenl due lo fraud is higher than the risk of not delecling one resulting from error, as fraud may involve deliberate ¢on¢ealmenl by. lor example. forgery or intentional misrepresenlalions. or through collusion, Usa of our report This report Is made solely lo the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of Ilie Companie5 Act 2006. Our audit work has been undertaken so that we might stale lo the charitable company's members those mallers we are required lo slate lo them in an audilorfs report and for no other purpose. To the fullest exlenl permilled by law, we do not accept or assume f68ponsibilily lo anyone other than the charitable company and the charitable company's members as a body. for our audit work, for this report, or for the opinlons we have formed. Darren Smart Isenior Audilorl For and on behalf ol R E Jtsnes & Co Chartered Accounlanls and Slalulory Audllor 132 Burnt Ash Road London SE12 8PU 25
woman's Yrust recovLiry liuiyi duiYie51iL abuse Statèment of Fiiiaiicial Actlv1119S IiiicorporlI1i1cI tlie Incoiiie & Exi)ondltiirp Ar.r.oiiNtI For tli& yoar oiiiled 31 Marcl) 2024 (Note 191 2023 Total Funds 2024 Total Fiinds Notes Unr&slrlcted FLinds Restrlcted Fuiids Income and ondowmonts from.. Donations Chaiilable activities Grants and project fundin9 Investment income 137.912 137.912 114.335 268,058 630.048 898.106 828,267 Total Incomo 414.424 630 048 1044 472 945 407 Expenditure on.. Raising f(Inds Fundraising costs Charitable expenditure .ProvisiDn of counselllng and support services 126,423 126.423 137,063 287 497 871 550 959 047 879 600 Total ExpBndlture 413,920 671.550 1,085.470 1,016,663 N&t Incom& and movement In funds 504 141,502} 140,9991 171,2561 Recoiiciliation of fiinds: Fund balances al 1 April 2023 446.898 131039 577 937 649 193 Fiind balances at 31 March 2024 447 402 536 938 577 937 Th8 slalemenl of financial activities includes all gains and losses recognised in the year. All income and expendiluie derived from continuing aclivilies. 26
woman's Yrust recovery from domp5tlC <ihiise 8¢il¢lllLe Slieel For Ilie ye<ll' viided 31 Mai'cli 2024 Notes 2024 2024 2023 2023 Fixed Assets Tangible assets 11 20,686 18,722 Current Assets Deblois Cash in hand and al bank 12 73,455 479,431 74.226 527,163 552,886 601,389 Creditors,. Amounts falling diie wlthin one year 13 36,634J_ 42.174 Net Current Assets 516,252 559 215 Net Assets 536,938 577.937 Funds Restricted funds Unieslricled ftjnds Designated funds Core funds CAd General funds 14 89,536 131,039 15 40,000 50,000 47.999 348.899 407,402 Total Funds 536,938 577,937 The directors acknowledge their responsibilities for complying with the iequireinenls ol the Coinpai)ies Acl 2006 with respect lo accounting records and the preparation ol financial slalemenls. These financial slalemenls have bÈen prepared in accordance with the provisions applicable lo companies subject lo 11)e sma11 companies, regime. The notes on pages 2910 41 form part ol the financial slalemenls. Approved by the Trustees on and signed on their behalf by.. Chair- Niki Scordi Company Registratlon Number.. 06886781 (England and Wales) 27
woman's Yrust rcJLovery Ii'oi¥i doineslic abuse Slateiment of Cash Flow For IlTre year eiiileil 31 Mdrcli 2024 Noles 2024 2023 Net Cash Inflowlloutflowl from Operatiiig Activities 42,383 26.814 Investment income Purchase of tangible fixed assets 8,454 113.8031 2,805 19,6681 Net Cash Inllowlloutllowl provldtsd by Investlng activities (bank int & Ilxod a$s&lsl Chango In cash and ¢a8h equlvalents In tha year 147,7321 {33,6771 Cash and cash equivalents at 1 Aprll 2023 527.163 560,840 Cash and ¢a8h equivalents at 31 March 2024 479 431 527 163 Notes to th8 stalem8nls of ¢ash flows for the year to 31 March 2024 Reconclllalions of net mov•m&nt In funds to net cash provld&d by lused Inl operallng actlvlll&s 2024 2023 Net movement in funds 140,999) 171,2561 Adjiislmenls for.. Depreciation Investment income Ilncreaselldecrease in debltsrs Increaselldecrease) in ¢redilors 11,839 {8,4of41 771 (5.5401 8,866 12,8051 47,044 {8,6631 Net cash (used Inl provldad by oporating aclivili85 42,383 Analysls of cash and cash equlvalent5 2024 2023 Total cash and cash oqulvalents.. cash al bank and in hand 479.431 527 163 28
woman's Yrust rei.'<)vo.'ry Irorri donie51ic libuse Pilnclpal Accoiinliiig Policies For tlie yaar 01)dail 31 Marcl) 2024 Accouiiting Pollclès Accounting Coiiveiilion The financial slalemenls have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard applicable in Ilie UK and Republic ol Ireland IFRS 1021. The company is a piiblic benefit enlily for the puiposes of FRS 102 and a registered charity established as 8 company liiniled by giiaranlee and Ilièrefore lias cilso i)repare(l ils linai)cial slalemenls in accordance with Ilie Slalemenl ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (The FRS 102 Charities SORPI. the Companie5 Act 2006 and Charilies Act 2011. The financial 51alemenls are prepared in sterling. which is the functional ¢urrency of the charity. Amounts presented are rounded lo the neare81 pound. Goliig Concern The Iruslees have assessed whether the use of going concern is appropriate and have considered possible events or conditions that might cast significant doubl on the ability of the char118ble company lo continue as a going concern. The Iruslees have made this assessment lor a period of al least one year from Ihe dale of the approval of these financial slalemenls. In parti¢ular, (he Iruslee5 have considered the charitable company's forecasts and projections and have taken account of pressures on in¢ome. After making enquiries, the Iruslees have concluded that there is a reasonable expectation that the charitable company has adequate $OUrceS lo continue in operational existence for the foreseeable fulure. The ¢harilable company therefore continues lo adopt the going concern basis in preparing financial slalemenls. Crillcal ac¢ountlng estimates and areas of ludg6mgllt Preparation of Ilie accounts requires the Trustees to make significant judgements and eslimales. The items in tho a¢¢ounls where these judgements and eslimales have been made are in eslimaling the useful economi¢ lile of tangible fixed assets. Incoinè Income is recognised in the period in wliich the charity is enlilled lo receipt and the amount can be measured wlh reasonable certainly and il is probable that the income will be received. Grants from government and other agencies have been Included as income from charitable aclivilie5 where these amount lo a contract for services, bul as donations where the money is given in response lo an appeal or with greater freedom of use, for example monies lor core funding. Donated services comprise liine donated lo the charity by various eoiinsellors, and the value ol these services is eslimaled based on the number of sessions allended. Donated rooms comprise rooms donated lo the chaiily by various providers, and the value is eslimaled based on the number ol hours Ilie rooms are reserved lo provide counselling services. Rosourcgs Expended Expenditure is included In the statement of financial activities when incuired and includes any allribulable val whlch cannot be recovered. Charitable expenditure comprises expenditure on the charily's primary charitable purposes i.e. providing counselling and other services for women who have been subject to domestic violence. 29
woman's Yrust reLovery Iron) Ilomeslic abiise Piiiicli)al Accoiinliiig Policles For the yoar 911ded 31 Mar¢li 2024 Taiigil)le Fixed Assets aiid Depreciation Tangible fixed a55els are 51aled al cost less depreeialion. Depreciation is provided al rates ¢alculaled lo write (Ilf Ilie cost less esliinaled residual valLie ol eacl) asset as follows.. Flirnilure & Equipmenl 25°/ts slraighl line Assets are dei)iecialed for a wliole year in the year of acqiiisilion and not al all in Ihe ye81 ol disPQsal. Items costing less than £500 gre not Irealed as fixed assets bul instead are charged as expenses in the year in which they are purchased. Flnanclal Instruments Ca511 and cash equlvalenfs Cash and cash equivalenls include cash al banks and in hand and short term deposits with a maturily dale ol three months or less. Debtors and other receivables Debtors are fecognised al their selllemenl amount. less any provislon for non-recoverabilily. Prepayments are values al the amount prepaid. They have been discounted lo the present vallie of the future cash receipt where such discounting is material. Credl¢ors andprovisloiis Creditors and provisions are recognised when there is an obligation al the balance sheet dale as a result of a past event, il is probable that a Iransler ol economic benefit will be required in selllemenl. and the amount of the selllemenl can be eslimaled reliably. Creditors and provisions are recognised al the amount Ilie charity anlicipales il will pay lo sellle the debt. They have been discounted lo the present value of the future cash payments where $u¢h discounting is material. Fund Aecountlng The Linreslricled (Jeneral funds compiiso the monies which may be Iised lowaids meeting the charitable objectives ol Ilie cliarily aiid wliicli Inay be applied al Ilie discrelioii of Ilie Tluslees. Williiii uiireslricled lunds, certain funds have been designated by the Tfuslees lor $pe¢ili¢ purposes. Details ol these are given in note 15 lo Ihe financial slalemenls. Reslricled funds comprise monies raised for. or their use reslricled lo, a specific purpose. orconlfibulions subject lo donor imposed re51riclions. Operaliiig L9ases Renla1s applicable lo operating leases where subslanlially all of the benefils and risks of ownership remain wilh the lessor are charged lo the slalemenl of financial activities as incurred. Pension Costs Conlribulions lo employees, pe¥sonal pension plans and lo stakeholder schemes are recognised in the statement of financial activities when payable. 30
woman's Yrust rLiovery Ii'oin domeslic (ibuse Notes to the Financlal Slateineiits For Ilie year ei)ded 31 March 2024 2 Donali01is Unrestrlctèd 2024 Restricted 2024 Unrè51flcled 2023 Tha donallons are Inade up as follows: Geiieral doiiatloiis Donated servlces 122,262 15,650 97.975 16,360 Total 137,912 114335 Donated services comprise.. DonalSons by various counsellors, lime and spaces. Time and spaces donated by volunteer counsellor8 and other partners during the year were £15,56012023.'£16,3601 3 Charltable Actlvlll85 Chailtable activities are made up of Unre$trlcted and R88trlct•d urants and prolect fundlng a8 follow$'. 2024 2023 stalulory- NHS North Wesl London ICB Slalulory - RBKC - Children and Families Biuno Schroder'frust Dudley & Geoffrey Cox Trust Garfield Vveslon Foundation The Henry Sinilli Cliarily Impact 100 London Julia and Hans Rauslng Trust Kasuma Trust Lealliersellers, Company Charitable Fund New Phllanlhropy Capital Peter Slebbings Memorialcharily Souter Chaiilable The Society of the Holy Child Jesus CIO Hardship fundslFalher O'maliony Memorial Tru81 & Grocers Charity} Other lunders 27,908 30,000 70,000 8,000 28,045 30,000 10,000 20,000 70,000 33,000 100,000 10,000 10.000 15,650 70,000 5,000 10,000 5,000 15,000 7,000 14,500 3,000 12.600 Unrostrlcted funds 268,058 276,645 Other funders include the following. and we would like lo thank Iliem- Zurich Community. The Denlons UK & Middle Easl LLP Charitable Trust, Browne Jacobson Charitable Trust, The Everest Trust, Hammersmilh United Charities and Sir Jules Thorne Tfusl. 31
woman's Yrust recovery Irom domestic ahuso Notes to Ilie Fii?aiicial Slateineiils For the year ondod 31 March 2024 3 Cliarltablg A¢llvltlos Icontlnuodl 2024 2023 Stalulory- Greater London Aulhorily (Advance) Slallilory Greater Londoii Aiilhoiily (Relugel Slalulory- Harnnieismilh and Fulliain Fast Track Slaliilory- K&C Community Safely Team- Serious Violenee Dilly Slalulory - London Councils- Ascent (Woinen & Girls Nelworkl Slaliilory- London Violence Reduclioi) Unil Slalulory- Tower Hamlets Local Community Fiin(f Slalulory Weslininsler CC Community Priorities Prograinme Cadogan Charity Central Hackney Parochial Charities Charles Hayward Foundation City 8ridge Foundation Clolhworkers FoLtndalion Dr Edwards & Bishop King's Fulham Charity The Fishmongers Company Hammersmilh United Charity Hyde Park Place Eslale Charity The Kensington Foundalion London Freemasons. Charity Merchant Taylors. Foundation Pathways Houslng South Hackney Parochial Charities Strand Parishes Trust Tara Gelly Foiindalion The Vintners, foundation Wakefield and Telley Trust West Hackney Parochial Cliaiilies Weslmlnsler Ainalgamaled Cl)aiily Weslminsler Almshouses Foundation The Worshipfiil Company of Ciillers Zurich Community '01Sier funders 112,000 106,247 4.986 5,000 41,769 24.Oof9 11.246 30.643 5.000 10.000 25,000 38.650 9.500 7,650 20,000 14,700 6,000 112,506 89,540 5,000 44,382 32,230 19,280 15,000 44.853 5.567 16.263 10.054 5,000 20,000 10,000 5,000 10,000 4.700 10,873 6,227 3. Jf26 6,500 7,640 5,000 8,001 10,1173 8,000 11,806 34,128 40,000 13,813 10,755 10,000 7,000 15,000 49.000 21.703 R95tricted funds 630.048 551,622 Total 898,106 828,267 'Olher funders include the following. and we would like lo thank them - Daisy Trust. Cily Women, The Worshipful Company of Chartered Secretaries and Adminislralors, Lyles Local fund, Co-op Local Community fund, 29th May 1961 Charity fund, Masonic Charitable loundalion, Charles S French Charitable Trust, The Denlons UK & Middle Easl LLP Charitable Trust and Matrix Causes fund. 32
woman's Yrust recovery frum domoslic cibuse Not9S to the Flnanelal Slaleinenls For tlie year ei)dbd 31 Marcli 2024 4 Investment In¢oine Unr951ricted 2024 Unrestricted 2023 Bank interest received 8,454 2,805 5 Ralsing funds Unrestricted 2023 Unrestricted 2022 Staff costs Inole 91 Other costs 122.003 4,420 131,891 5,172 126.423 137.063 33
woman's Yrust reioveiy Ii'oin domeslii abuse Notes lo the Finaiicial Slateinents For 11)e year elided 31 Marcli 2024 6 Charllabl6 Expoiidlturo Gharilable expenditure cornprises costs associated with the provision of counselling and supporl services, and are classified below. Uiireslricted Funds Restricted Funds 2024 Direct Costs: Staff costs {nole 9} Childcare and cllenl hardship Counselling supervisors, volunteers training and exps Room and eouipmenl hire Volunteer training and expenses Woikshop and assessors expenses Donated coun5elling services (note 119,806 15,906 519,546 639,352 15,906 3,030 23,045 4,180 2,675 26.075 4,180 2.675 11,126 11,126 21 OlheT direct cosls 15,650 15.650 10,695 10.695 154,392 571,267 725,659 Preinises Costs: Rent and rates 15,464 1S,464 Adinii)islralive costs: Staff cosls Inole 91 Central oveiheads Governance costs 66,790 36,OJf1 14,800 32,075 68,208 98,865 104.259 14.800 Total 287.497 871,550 gsg 047 34
woman's Yrust recovery fKoni doinL'5IiL abuse Not8s to the Finaiiclal Stateinei)ts For tlie year er)ded 31 Marcl) 2024 Cliarltable Expoiidlture Comparatives... Unreslrlcted FLinds Restrlclèd Fuiids 2023 Direct Co¥ls: Staff costs Inole 91 Childcare and client hardship Counselling supervisors, volunteers Iiaining and exps Room and equipment hire Volunteer training and expenses Workshop and assessors expenses Oonaled counselling services Inole 123,417 3,929 456.605 580,022 3,929 7.777 20,548 1,364 1.561 21.326 28,325 1,364 1,615 21,326 54 21 16.360 2,499 16,360 5,539 Other direcl costs 3,040 154.036 504,444 658.480 Promls95 Costs: Rent and rates 15,870 15,870 Adinlni51rative costs: Staff costs Inole 91 Central overheads Govèriiance costs 65,389 48,671 12,823 38,047 40,320 103,436 BB,991 12,823 Total 296,789 582.811 879 600 35
woman's Yrust recovery Irom (lomeslic clbiise Notes lo t119 Fiiiai)clal Slateinents For the year elided 31 Marcli 2024 7 Governanc& Costs Unreslrlct&d 2024 Uiirestrictèd 2023 A¢coiinlancy Stall costs {nole 91 4.800 10,000 3,360 9,463 Total 14,800 12.823 8 Net Movgment Iii Fuiids Thls is staled after charging.. 2024 2023 Staff costs Inole 91 Audit fees (including VAT) Deprecialion Operating lease rentals and business rale8 890,484 4,800 11,839 843.118 3,360 8,866 9 Staff Costs 2024 2023 Staff costs during the year were as follows.. Wages and salaries Social secijfily costs Employer's pension conliibullons 737,323 42,326 20.433 708,556 51.063 19.683 800.082 779,302 Self employed slafl Other slaff related costs Ilraining. supetvisicin, and Iravell Staff recruilmenl 67,333 50,172 3,779 19,290 6,690 6.954 890 484 843 118 2024 2023 Staff costs by function were as follows.. Fundraising Markelinglsocial Media Provision ol counselling and support 8ervices Administration Governance 122,003 25,125 551.of38 181,818 131,891 513,573 188,191 890 484 843.118 The average number ol employees during the year way 4112023.. 361. 36
woman's Yrust iocovei y Iruiii doinosliL abuse Notès lo tho Fliiai)cial Statements For tli8 year giid8d 31 Marcli 2024 Staff Costs Icoiitiiiuedl Theie was one employee wilh benefits lincludiiig employer's pension coi)Iribulion and national in$ufan¢el between £60,001 and £70,000 per annum during the year12023'. 1). Key Manageinent Persoiinel: Salary No. of Employee 2024 2023 £60,001- £70.000 The key maiiagemenl personnel of the chaiily in charge of direclinu and controlling, running and operating the ¢harily on a day lo day basls comprise the Tiuslees, Chief Executive. Head ol Fundraisin9, Head of Therapeutic Servi¢es, HR & Operations Manager and Finance Manager. The total remuneration including employer's pension and national insuiance of the key management personnel for the year was £242,01212023.' £225,084}. No Trustee received any remuneration In respect of their services as a5 Iruslee during the year12023.' none). No expenses were reimbursed lo Tiuslees during the year12023'. none). 10 Taxatlon Woman's Trust is a registered charity and Iherelore is not liable lo inctsme lax or corporation lax on income derived from ils charitable aclivilies, as il falls within the various exemptions avallable lo registered charities. 11 Tangible Fixed A55ets Fiirnltiire & Eqiiipment Cost Al 1 April 2023 Ad(Silions Al 31 March 2024 56,419 13,803 Depraclatlon AI 1 April 2023 Charge for Ihe year Al 31 March 2024 37,697 11,839 Net Book Valiie Al 31 March 2023 18,722 20,686 At 31 March 2024 37
woman's Yrust recovei y froin doinestll Iibuse Notes to the Flnanclal Statèmonls For 11)e yaar eFidad 31 MarGlI 2024 12 Debtors 2024 2023 Debtors and prepayments Acciue(l income 1.756 71.699 1,649 72,577 73,455 74.226 13 Crodltors.. amounts falllng due withln one y&ar 2024 2023 C¥edSlors and ac¢rualg 10,921 8,625 Tax and social security Other creditors 12,347 13,366 12,250 27,299 Total 36,634 42.174 At31 Marcli 2024 At 1 Aprll 2023 14 Reslrlct&d Funds Incomg Expgndlturo Total funds 131,039 630,048 671.551 89,536 Pur oses of Reslricled Funds The reslri¢led resources comprise donations and grants from individuals or organisalions lo be expended for the conlinualion of counselling projects and support groups. 38
woman's Yrust recovery Iroin (loinL'5tIL Iihusp Notes to tho Flnaiicial Statements For the y&ar tsndèd 31 March 2024 15 Ggiieral funds The general funds of Ihe cl)arity in¢lii(le Ilie following designated fiinds which have been sel aside out of unreslricled funds by the Triislees for spe¢ifi¢ purp05es'. At1 Aprll 2023 Income Expoiidltiire At31 March 2024 Designated Funds.. Provision of counselling service- projects Projects - operational costs 10,000 5,000 10.000 50,000 30,000 45,000 30,000 50.000 40,000 General Funds 396,898 374.424 363,920 407,402 Total General Funds 446 898 414.424 413,920 447 402 All designated funds wll be spent within 12 months. Unre51ricled General funds Oesignaled funds General reserves £40.000 £407,402 39
woman's Yrust iecovery Ii'uiii duiriLS1iL abuse Notès to tlie Finai)cial Statomonts For tlib yoar ended 31 March 2024 Aiialysis of Iiet assots bolwegn 16 flinds General Funds Re51rictad Fuiids Total 2024 Fixed assets 20,686 20.686 Current as5els 459.267 93,619 552,886 Creditors.. amounts falllng diie within one year 132.5511 14,083} 136.6341 447 402 536,938 17 Leas8 cominitments Al 31 March 2024 Woman's Trust had lolal commitments under operating leases on land and buildings as follows.. We are on a tenancy al wll with one month notice and no cominilment for the yeai. Related Party 18 Transactloiis Tlieie were no related party transactions in the financial year {2023'.nonel 40
woman's Yrust recoveiy Irum dome5tlC iibu5C Notos to Ilie Fiiiai)clal Statoinoiit5 For tho year elided 31 March 2024 19 Prlor Year Statemeiit of Flnanclal A¢tlvlllo5 2023 Total Funds Notes Unr951rlcted Funds Restricted Fuiids Income and endowments from: Donations Charitable acllvilles Investment income 109,116 276,645 5,219 551,622 114.335 828.267 Total income 388 566 556 841 945 407 Expeiidlture on.. Raising Funds Charitable Expenditure 137,063 296 789 137.063 879 600 582811 Total Exponditure 433.852 582,811 1,016,663 Net IncomèllExp8ndlturo1 {45,286) 125.9701 171,2661 Transfers between funds Net In¢omellExpendllurel for the Year 145.2861 125,9701 171,2561 Total Fuiids as at 1st April 492.184 157 009 649 193 Total Fiiiids as at 31st Marcli 15 446 898 131.039 577 937 There are no recognised gains and losses other than those passin9 through the slalemenl of rinancial aclivilies a¢¢ounl. All incoming resolirces and resouices expended derived from continuing activities. 41