IKWRO - WOMEN'S RIGHTS ORGANISATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CHARITY NO. 1151507 COMPANIES NO. 8140751
IKWRO- WOMEN'S RIGHTS ORGANISATION Contents Pa Legal and administrative information Report of the trustees 2-10 Report of the auditors 11-14 Statement of Financial Activities 15 Balance Sheet 16 Cash Flow Statement 17 Accounting policies 18-21 Note5 formlng part of thefinancial statements 22-27
? IKWRO- WOMEN'S RIGIWS ORGANISATrON Legal and Adminlstrdttve InformatTon Trustees and dlre¢to Sue Stevenson (Vlce Chalr) Aleisha Ebrahimi-Tsami5 Kulscom Yu$ Pridmore Nadia All Dia Duygu TUTrr rrreasurerl lappomffed 3L3.2025 rE5igned 18.7.20251 Neda Faterroh Banegar-Befroei (Chairl Dr Landan Ha5heml na HolaThJ I51sTred &&20241 KÈY management & personnEI Dlana Namml Rewred offlce.. Unil 3 Gateway Mem Rlngway Londc NII 2UT Ch3rfty re6lstradon no.: 1151507 Company reglstratlon nunY> 8140751 Audltors: Christopher Mlthael Limited Chartered Certified Accountants &Stolutory Audilcfs 26 siation Road New Bamet Herts EN5 IHT Banke UoydsTSB Co-operative Page 1
IKWRO-Wornerfs Ri htso nisation Trustees, Annual Re ort The Trustees are please(I to present their annual Directors, Report together with the financial statements of the charity for the year ending 31 March 2025. The financial statement complies wtth IKWRO'S Constitun. the Charities Art 2011, the Companie5 Act 2006, the Mernorandurn and Articles of Associatfon and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Chare$ preparing theiraccounts in accordance wich the Financial Reporknng Stsndard applicable in in the UK and ReputlC of Irdand IFRS 1021 published In October 2019. This pOrt is dNided into the followlng section5: - Structure, GovwnarKe and Management - Our fivellyear str*egic goals 2024-2029 - Financial Review 5fRucfuRE GOVERNANCE AND MANAGEMENT nlsational Structure The IKWRO-Women's Iughts Organlsatitin 15 a registered charity that Wa5 e5tsblished. initially as the Irdnian and Kurdish Women s Rights Organisation, in August 2002. It was registered with the Charity Commission in 2004 INO. 11045501. Since 9 July 2012, IKWRO Women's Rights Organisation {new name to reflectthe fact that the Charity now serves a wider community of women) has becorne a company limited by Buarantee (company number 81407511, and registered with Charity Commlssion on 04 April 2013 (No. 11515071. Governance and Mana ement The govemance of IKWRO is entrusted to the Board of Trustee5 IW)e Boarfl. whlch currently consists of seven member5 who meet ot least six times a year with the Executive Director of the Charity. At th25e meetings. the Board reviews the Charlty's actrllties, financ and human resource5 and retains the following duties. To: - Ensure that IKWRO fvlfils its charitable objectives - Determine IKWRO s overall strateglc dirÈtht)n wtthin resource limits - Monitor the performance of the Executive D1ctor and her team - Review and ratify IKWRO'S wlicie5 and procedures - Promote and protect IKWRO'S values. Integrity and reputation - Ensure high standards of govemance that command the tortfider of all of IKWRO'S staff and stakeholders - Exercise IndependenrjudÉment. reasonable car¢ skill and diligence.
Irh additron to the Board meetings. there are several sub-committees of the Board of TteeS which hold meetins5 each month, or as and when required, to consider specific aspects of the Charitvs actlvltles or issues affettirEthe Charity e.g. finances. human resources, fundraising and busine55 planning. The day-to-day management of the organisotion is delegated to the Chief Executive Officer of the Charity, Diana Nammi, wth) reports to the Trustees and who works within the policy and procedural framework of the Charity. Recrultment and A ointment of Trustees The Truslee5 who served during the year 2024-2025 are shown on page l ofthe accounts. In acccrdance with the Charity's constitution. Trustees are elected annually at the Annual General Meeting by the members of the Charity. Trustees are appointed on a the-VearterM and are eligible for lection at the Annual General Meetin& Trustees are recruited through website advertisements. Personal recommendations are also used when specific skillsets are required. Candidates submit a written application in the first instance. A shortlist of candidates is selected for interview with present members of the Board of Trustees. All new Trustees undergo an Induttion doy wth the Chief Executive Officer of the Charity and 3 trainlng day on their role and responsibilities under Charity Law, typically through third-party orgarsisations such as The National Council for Voluntary Organisatior6 ("NCVV). Furthermore. in order to errsure that the Trustees receive ongoing support and are best able to SUPPOrt the Charlty's objective5. the Board will, where resources allow. enable a small number of Trustees to attend fvrther training courses in relat(on to their role as Trustee Section 4 of the Charities Act 2011 The Trustees actively review guidance issued by the Charity commr55ion as required by section 4 of the 2011 Charthe5 Art. to ensure compliance wtth such guidanc& Risk mana ernent- Internal controls The Trustees have overall responsibility for ensuring that the Charlty has appropriate systems for Snternal controls. They are responsible for monttoringthe Charity's accounttng records which disclose with reasonable accuracy t any time the financial position of the Charity and enables them to ensure that the financial statements follow best practice. They are responsible for ensuringthat the Charitysafeeuards its at5 and therefore take5 reasonable steps for the prevention and (letection of fraud and other irregularitres. The system of internal control ts designed to provide reasonable but not absolute assurance against material misstatement or loss. Related artie5 None of the Trustees recetve rernuneratton or other personal benefits in thelr capacity asTrustees of the Charity. Any connection beeen a Trustee of the Charity and organis3tion5 providing services to the Charity must be dlsclosed to the full Board of Trustees in the same vY as ary contrartual relationship with a rdated party. In the rUent year no such related party transactions were reported.
AcrivrriES AND ACHIEVEMENTS IKWRO had a successful year in trnS of achievin8 its aims and in safeguarding and empowedng women and 8irls. Refuge - A year on from opening IKWRO'S second refvge named after Banaz, we have provided safe accommodation to seventeen women. sixteen of which had no recourse to public funds. In addltton, we supported twenty-tW05urvivor5 in our original refuge named after Heshu thisyear. In line with our aim to ensure inclusivity, we effered safe accommodat5on to two women wth disability. We developed enhanced safety and eed5 plans with each refuge resident and provided efftional and practical 5UPPOrt ond referra15 to help them secure immigr*ion status and housin8. We offered therapeuticactivlttes and oryanlsed outingsforthe residents. Thi5 year, we organised a three4ay campin8 trip for the residents of both refuges. For m05t of our re5identS, thls was theirfirst-ever camping experience. There was mLKh excitement frcwn the start. in preparation. travelling together. playing music, and slnginL collectively setting up the tents, bullding the campfire and cooklng fresh food, The evenings were filled with 5ingin& dancin& and sharing per50nal 5torie5. During the days we played volleyball, walked IntherIdS and woods. and went to the beach. Bythe end of thetripi every woman had a smile on her face. Counselinz - IKWRO'5 5peualist counselling serv1 déllvered indi¥Klual therapy to 180 women in Farsi, Dari. AbIr, Kurdish, Pashto. Turklsh and English, both online and in person. Funding came from eight projects.. London Council. EHP Harmful Practices, MOPAC HP Pan London. Courageou5, City project. H&F Refuge. and Floating Support Project. ChallerEes included the client's unresolved housing and immlgratlon issues being a barrler to their feeling settled and able to en8ase with their therapy, and some were encouraged by social worker5 to engage in therapv befo they felt ready. Clients, refiections on completing therapy included "lfvel hopefvl obout thefvtuie" and "Ifeel like ¢7 new womon". Advlce and Advocacy-This year. IKWRIYS Adv1 and Advocaryteam of seven quallfied IDVAS provided specialist support to 763 clients aged between 16 and 70 who fraced"honour" based abuse, domestic abuse, sexual abuse. chlld abductron stalking. The'no recourse to public funds, wliLy and lack of access to suitable, safe housing continue to be very problematic. We have seen an increase In cases involving coercive controlling behaviour and In high-risk, complex cases requiring our specialist IDVA werb5e. Our team carried out cllent-centred risk and needs assessments and safety planning and provided expert reportsto the High Court. As well asworking direct with women and gir15, we supported professionals from statutory and voluntary organisations to better under5tan(l and help women overcome the barriers they fa On client5hared.. "The support. the assurances ond the Or90ned help I receNed were excellent and extremely helpfvl. especiolly at thot tlme when I was ¢lt moximum vulnembiyity and reossured me that lom not t71one." MENA Women Survlvors Monthly Focus Groups - IKWRO hosted a year-long series of monthly sessions attended by 150 women that provided a culturally sensitive, safe. and empowering environment with a trauma- informed approach for women to connett. heal, and build knowledge. The voice5 and lived experience5 of participants were at the centre of every session. They addressed the key Issues of haThfvl prattice5 Such as female genital mutilatlon IFGM). forced marriège, and solIed "honour'_based abuse: safety planning Strategies for physical safetyj emotional resilience. digital security, and emergency preparedness, within culturally rdevant context: gynaecdggical and rePrOdlIVe health- and mental wellbeing. A stron& supportlve network was developed. participants felt seen, heard. and respected and were connettlng wlth local servlces. legal aid, and ongolng counsellin& further extending the circle of care. IDVA & Immlgratlon Advi50T- Our qualified IDVA & Imm4qfation Advlsor successfully 5ubmrtted 61 MVDAC applications, all of which were granted, lting in the clients obtaining Indefinite Leave to Remain. She also 5UPPOrted thwn in moving to safe accommodation5 and referred them to family solicitors.
Harmful Praciices Projert- This year, we supported 192 women acro55 LIj0 funded by London Counclls and the Mayor's Office for PottcinE and Crime. We pnjvided one-to-one advKe, advocacy. and ran community workshops and focus groups. We partnered w¢th organlsations including La Fraternité Guinéenne and local Social Services to strengrhen culturally sentiVe support. Our multilingual team offered serwicEs in Arabic, Far51, Kurdish, French, Darl, Turkr5h, and Pashto. To address the ongoing cost-of-living cri515, we built partnershlps to secure emergency grants. food, and es5entia15 for wrjmen with No Recourse t¢ Public Funds. Our collaboratlon with the Feed London programme provided crucial support during school holldays. CouRageUs Project- IKWRO supported 38 young women and 8irls under the age of 2516 of whom were aged 13 to 171 wlth intensive support. Eleven had 'no recourse to public funds. They faced complex and dangerous Situatlons involving honour-based abuse and other harmful practices. Abuse took the fomi of psychologlcal, financial, physlcal, sexual, and ireasinglY1 cyber abuse. In additton to offering emotional support, we helped find safe accommodation, secure financial aid, aCS to solicitors for injunction orders. child custody, divorce and accessing mental health services. We developed detsiled safety plans, prioritising the client's autonomy. We also provided mobile phones and digital tools to ensure safe communication and ongoing contact. Every client reported feeling safer, more conffdent in recogni5ing and addressing abuse, and Èmpowered to seek help and advocète for themselves. aients also noted InCaSed awareness of Selfre techniques and developed more Positive coping strategles. CASA Prolect - IKWRO is one of seven specialist partners delivering the CASA project, funded by the Mayor's Move-on Pro£ramrne IMMOPI. IKWRO has delivered tailored support to 16 women moving on from refuge accomrnodaon after escapingdomestic abuse. By providing cu5tomisedsupport packages. IKWRO ha5 achieved the goal of enabling 5uThivors and their children to INe safe. fulfillin& and 5UStainable Irves. This has Involved undertaking risk assessments, safety plannin& tenancy 5U5tainment. and additlonal seNices such as budgetingi debt management, eMploymt SUPPQrt. training. mental and physical health care, and assistance with accesslng education and community resources. aients with higher needs related to disabilitles or mental health conditions were met. Clients have a rndceable increase in independence; several have started training programs and ESOL classe5, which are helping them build new skills and confidence. and some have secured employment, marking a significant milestone in theirioumey towards sdf-sufflclency. NRPF GLA Spousal Vlsa Projett - IKWRO is a partner in this successful pan-London project involvlng nlne organi5ations. led by AWRC and funded by MOPAC. IKWRO helped 32 women with 'no recourse to public funds. INRPFI and their thildren this year wlth securing ac5 to safe accommodation. and we provided them with floating 5upporL We a150 accessed crisis funding for two women wlth financial hardship and secUd 8 of the women access to counselling. Voluntser Programme - IKWRO helped deliver the Volunteer Development Programme, hjnded by Propel fundin& to empower 16 women from Middle Eastern, North African and Afghan communIeS with the skills and confidence needed to thrive in the charity and non-profit sector. IKWRO provided placements with struttured training and mentorship in multiple languages. Women were offered roles aligned wfch their interests in event coordinatlon, administrative support, youth engagement. and soclal media management prodIng practical experience and professional connection5. The final phase focused on career plannin& offering tailored support th cv writing, interview skills, and accessing further education or employment in the charity settor. The program had a slgnificant impact: many participants reported increased confidence, stronger English ski115, and greatersenseofpurpose. Severalwomen went on to secure paid roles in communityorganisations or laur¢ched their own initiative5. By investing In the talent5 of MENA women, the program not only enhanced Indlvidual lives a150 Strengthened IcKal charities with new wJices& perspecttves, and leadetship. Empowerlng Slngle mothe Projert- IKWRO collaborated on this pilot project with Tum 2 U5 to empower 30 single mothers to transform their lives through edakn and support. Each mother was given £4,500 of lrfe- changing funding designed to break d¢)wn barrfers to personal and profe55i(mal development to cover tuition fees, further education, vocatlonal trainin& and 5pecialised coursessuch as drivrng lessons that aligned with each mother's individual goals and aspirations, opening doors to new career path5 and increased earnlng potential. The project also funded mental health WorkSp$, confidence-buildtng sessions. and muth-needed holidays for refiertlon, self-care, and bonding with their children. Each partKipant was paired wrth a mentor,
offerlng guldance and encourdgement. Many of the mother5 he sIe secured empkjyment, started businesses. or continued to higher educallon. They pOrt increased confidence. financial independence, and renewed hope for the future-for themselves and their children. Thi5 projert 15 a powerful reminder that when we invest in women, we invest in families and communitie% Women's Health Communlty Fund Profrrt- Thls proJert focused on educatinE Middle Eastem and North Afrlcan IMENAI women about gynaecological health to promote overall well-being, reduce health dlsparities, and empower women to take control of their bodies. In many MENA cultures, tOPiC5 related to reprpductive and sexual health are conSided taboo, leadingto silence, 5tiEma. and misinformation. As a suIt. marry women may lack basic krwledge about menstrual health, contraceptron, ferbltty, sexually transmitted infections ISTIs1. and early signs of conditions suth as cervical cancer or endometriosis. Preventable health issues can go undiagnosed or untated. sometimes with serious consequences, and a woman's ablllty to make Infomied reprodurtive choices can be restrirted. When women are equipped with knowledge, they become advocates for their families and communities. IKWRO created materlal in various languages, Arabic, Farsi, Hirndi, Urdu, and Pashto, whith we provided to all clients. Training was provided to over 100 service users in groups to raise awareness and gNe a safe space to dlscuss these issues and talk openly about wcffjen's health. MeasurfnE What Matter5 Pro8ramme- IKWRO d5 sdetted by AoS4ice UKto participate in this thretryear progTrmme funded by Clty Brldge Trust's The Cornerstone Fund, to learn and apply the Whole Communlty Whole Person approach. Ernphasisg clierrt-centred outcomes. encouraging shared value across client5, funders, and organisations, it shift5 focu5 from reporting to learnin& We took part in monthly onllne sessions and in-person ft>rum5. received one-to-one leadershlp coachln& and had opportunities to engage dirertly with funders. As a result, IKWRO developed a referrdl partnership with Youth Legal and began cross-training Staff. We also applied client mapping to our athice work, docuwnenting every Step of our clients, experience. from inltial contact throu8h to resolutton. revealingthe complexity of our work and hlghfightfn8 delays caused by external agencies. Tr4lnlng - IKWRO'S expert trainers ddlvered targeted tralnlng on harmful practice5 including honour-based abuse, FGM, child marriage and the dynamlcs of healthy and unhealthy relationship5 engagirE 777 professionals and 457 school-a8ed children. These 5e55ions aimed to raise awareness, build capacity, and promote early intervention in preventing abuse and pJp]oitation. We also collaborated on awareness raislng projects in partnership with several organisations including Bama(k)s and ASnL For profe55ionals-including teachers. healthcare workers, social Vrkers, and law enforcement-trainin8 focused on Iderttlfying sign5 of harmful prdctices such as thild marriag4 female genttal mutilation IFGM). honour-ba5ed abuse and gender-based violence. Partlcipants were equipped with tools to respond sensitively and effetttvely, ensuring safeguarding procedure5 are followed and referrals made when nece$5ary. The session5 emphasised trauma-informed approache5 and encouraged multi-agency collaboration to better protert at-risk indl¥iduals. Feedback from participant5 highlighted increased confidence In addressing sensitive Issues and Ereater undetstanding of thelr roles in safe£uardirE. Age-appropriate workshop5 were hdd in schools to educate children and adolesnts about the characteristic5 of healthy and unhealthy relationshlps. Toplcs Included consent. respecL peer pressure, boundaries, and how to seek help if they feel unsafe. The sessions were interactive and culturally sensitive, ensuring that chlldren felt safe to engage and ask questions. The inityative has stren8thened community resilience by empowering professionals and young people with knowledge and too15 to challenge harmful practtces and foster safe, respectful relationships. Continued follow- up and refresher sesslons are planned to ensure lastin8 impacL Research - IKWRO partiapated in research by London's Vktlms, Commissloner on stslkin& ensurin8 th* the per5petttve5 of MENA communities. &xperience are represented. 5harlng IKWRtrs expertise- Durlre the 16 days of actbVi5m in November 2024 IKWRO presented to the M5iting Jordanian Public Security Directorate, sharirgourexpertise and practices tosafeguard women's rlghts ané tackle "honour" based abuse.
Also in November 2024, IKWRO was delighted. at Ehe Invitation of Chlldren and Familie5 Across Borders ICFABI, to meet with representatives of Maw3ddah a charlty based in Saudi Arabia, to share our expertise on delivering services and running refuges. The charlty were effusive about the experience and the reaming that they took away and will apply to thelr own work with women at rlsk of horw)ur based abuse and domestlc abuse in Saudi Arabia. In January 2025, the Rape and 5eriou5 Sexual Offences Cr(Min Prosecution Servlces team Invlted IKWRO to present on how we support.women from MENA communities and on the vittim's perspective during the prosecution process up to trial. We highlighted both F4)sitive and negative example5 of communlcatton and support for victims. Campalgns - This year brought continued gr0h, impact, and bold advocacy tackling 'honourf-based abuse IHBAI and harmful practices, upliftingsumvor voices. raising awareness. and Influ)cing policy. A key wllile5tone was our Empowering Voices Against Honour-Based Abuse Conference in collabordtfon with City Unlversity in October. which brought together survivors, professionals, and advocate5 to challenge stigma, discuss the distinction between "honour" based abuse and domestic vNJlence, call for a legal definition of HBA and drive systemic change. Our advocacy extended nationallyotthe CPS MultT-AgencyConference on HBA in Bimiingham, and panels hosted by Brlde5 Do Good, BBC, Metro and VAWG settor partners. and, aswell as intemationally wlth keynote speeches at high-profile events irKluding a Untted Nations General Assembly side event in New York. IKWRO was a150 represented at key events includlng the Home Office reception with the Rt Hon Yvette Cooper MP and at parliamentary launches. Another highlight wasthe launth of IKWRO'S monthly podcast in September; a powerfvl platform to amplify survivor Stories, raise awareness. and break the silence around HBA. Along with IKWRO'S cornpelllng social media campaigns and bi-morthly newsletter, we ensured our supwrters and stskeholders remain informed and en8a8ed. We collaborated on research, supported survivor-led Initfatives, and campalgned acro55 key des such as the 16 Days of Attivism. We deepened our engagement with the VAWG sector through regular participation in coalition meetingSJ and events hosted by organisations including Women'5 ld, EVAW. We participated In the H.O.P.E. Leadershlp Programme. alongside 26 other emerging Black and raciali5ed leader5 a5 well as in TEDxLondon s Democracy Bootcamp and worked with Me£r Thjst. The True Honour Awards 2025 celebrated courageous individua15 and changemakers Induding Nour Norri5 ond Shana Begum.
OUR FIVE-YEAR STRATEGIC GOALS 2023- 2028 The political and economlc environment in the UK has become a Struggle for small charitable organisations due to cost of livingi and changes Post Covid 19 pandemic. Atthough Bremit was the end of EU funding Opportunity for IKWRO but managed to find other sources of UKto replace this funding gap in line with its Ethical Fundraislng policy. Funding for the year 2025/2026 has been 5ecur&J for IKWRO'S core activities and the primary aim of IKWRO15 to further develop the provision of welfare Services for Durtsrget groups. Overall. IKWRO'S goals are the following: l. Continuing to deliver high quality and direct servlces for women and girls who have Suffered or are at risk of sufferin& inter alia. Thonourt based violence, forced marriage. child marria8e, femole 8enital mutilation and domestic violence and securing funding to maintain and develop the sam 2. Becomln8 the leading source of knowledge and training on culturfrspectfic gender -based vlolence in the UK for academic5, legal profe55i0nals, and public bodles sh as the police, social services and Educational institutions. 3. Continuing to influence public opinion to raise awareness of the issues identified by the Charity In its mlssion and increasing the level of engagemert of the public with these issues. 4. Lobbying the government and its pollcy makers for better laws and their irnplementan as well as the dedication of appropdate resourc to the tackling the issues identified by the Charlty. 5. Raislng fundln& through public bodies and private bodies and individua15, to support existing attivities and growth plans. In parbcular IKWRO plansto expand its source5 offundingto include more funding from the private sector and the pUtlC at large alongside that of its existing funders and sources of funcfing to replace the funding received as a member of the European Union. 6. Investing in fts people, systems and operation to ensure that they effertwely sUPPOrt the Charity s activities and development. 7. Improve the web%te, branding and communlcatlons strate2y to support the Charity in its mlssion. FINANCIAL REVIEW olic for senior staff The Board ofTrustees considers the charitys Senior Management Team to comprise the key managernr personnel responsible for directing. controllin& and overseeing the day-to-day operation of the charity. No metnber of the Board of Trustees received any remuneration durfngthe year. The only direttor in receipt of remuneration was Dlana Nammi. in her capacity as Chief Executive Offer, and this 15 fully di5c105ed in the financial statements. The rernuneration of the Chief ExecLrtlve Officer and other senior staff is reviewed annually bythe Board of Trustees. Salary levels are benchmarked against comparable roles within the voluntary and public 5ettor5 and are normally adjusted in line with Local Authority pay scale5. taking into account the charltls financlal position and perforrnarKe. The Tnjstees are committed to ensuring thèt pay levels are fair, transpèrent, and proportionate to the responsibilities carried by senior staff, while COgnIsIng the nd to attrart and retain indNlduals wlth the skills and experien required to deliverthe charltvs objectlves effectivety.
Review of the financlal aciivlties During 2024125, the charity experienced a 5isnificant increase in actlvity across its core services. The total income for the year amounted to £1,543,362,12024= £1,237,622). with total expenditure amounting to £1,352,226.12024'. £1,086,168), leaving a surplus in the year of £191,136,12024: £151.4541. This represents a 20% increase in both income and expenditure compared with the previous financial year. This growth reflects the continuing rise in demand for our advice, advocacy, counsellin& refvge, and floatin8 SUPPOrt 5eTYice5. At the end of the financlal year, the charity held total funds of É1,020728.12024: £829.5921. of this wtNth, £144.194,12024.. £75,417) represents the unexpended balance of restrirted funds, which are held for specific purpose5 and will be utilised in the next financial year. The remaining balance of £857.356.12024: £750.0751 comprises unrestritted funds, available for the general purposes of the charity. These uniestricted funds are allocated a5 follows: Fixed assets.. £19.178 Running cost reserves: £6,oCKI Refu8e running cost reserves: £200,000 General resawes: £57.356 The increase in both income and expenditure danonstrates the charitWs continued $CesS in securing funding to meet rising service demand, alongside prudent financlal management to ensure 5ustsinabiltty. Reserves olic and oin concern The Boar(l of Trustees has vIeWed the charivs reserves requirements considerin8 its key financial and operational rlsks. The Trustees have agreed a reserve5 policy to ensu suffi¢lent unrestrirted funds are held to safeguard the organisation's ability to meet it5 on8oing commitments and to respond to unforeseen events. It is the poly of the charity to maintain unrestrirted reserves, excluding tangible fixed a55etS, sufficient to cover between three and six months of operating expenditure. This level is considered appropriate to protect the charlty against fluttuations in income and to ensure the continuity of e55ential services. In accordance with this policy and Charity Commission guidance, the chartty ha5 established a designated "running costs" reserve. A5 at l April 2025, the charivs reserve5 Stood at £1,020,728. Of these £6CQ.000 are allocated to running cost reserves and £200,OOOto the refuge c05t reserves. Althouth this level of reserve5 does not yet represent the upper target of six months operating COSL the Trustees are satisfied that it lequatelY covers three to six months of committed expenditure. The Trustees remain committed to reviewingthe reserves position annually and. where possible, transferring additional funds to strengthen reserves to the recommended level. Based on the current finandal p051tion. income projections, ané ¢onfim)ed grant fundln& the Board is confident that the charity remains a golng concern for the fore5eeate future. statement of Trustees. res onsibilities The Trustee5 (who are also dlrectors of lKWRO-WomL's Rights Organi5ati)n for the purposes of company lawl are responsible for preparing the Trustees. Annual Report and the financial statements In accordance with applicable law and United Kingdom Accounting Standards (United Kin8dom Generally Accepted Accounting Pra£ttcel.
Compary law requires the Trustees to prepare financial ststements for each financial year. which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, includlng the income and expenditure. of the charitable compary for that period. In preparing these financial statements, the Trustee5 are required to: select 5Ultable accounting policies and then applythem consistentty,. observe the methods and principles in the Charities SORP 2019 IFRS 102); make judgements and estimates that a reasonable and prudent: 5tste whether applicalle UK AccountlnB standards have been followed, subAett to any materia departures disclosed and explained in the finala1 statements; prepare the financial statements on the going cOnM basis unless it is Inappropriate to presume that the charitable cornpany will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with rea50nable accuracy at ary time the financial position of the charitable compary and enable them to ensure that the financial statements comply with the CompanSes Att 26. They are a150 responsible for safeguarding the a55ets of the charStable tomFMry and hence for taking reasonable steps for the prevenrion and detecfjon of fraud and other irre8ulariries. In so far as the Trustee5 are aware: there Is no relant audit informatton of which the charitsble compan$ audltor is unaware,. and the Trustees have taken all steps that they ought to have taken to make themselves aware of anv relevant audit infomiation and to establish that the auditor 15 aware of that information. The Trustees are responsible for the maintenance and integrity of the corporate and financial Information included on the charitable comparfs website. Le£islation in the United Kingdom governing the preparation and d155emination of financial Statements may differ from le8islaDon In other jurisdictions. 8y order of e Board of Trustees Neda Barzegar Date: 5 November 2025 Chair, Board of Trustees io
IKWRO- WOMEN'S RIGHT5 ORGANISATION Independent Audltor's Report to the Trustees of IKWRfyWOMEN'S RIGHTS ORGANISATION Oplnlon on financlal statements We have audited the linandal sttternents of IKwRO-worr'5 Rlghts Organi5ation for the yeaT ended 31 March 2025 on pages 15 to 26. The financlal pOrtiNg framework that has en applied In thelr preparation is applKable law, and United KSngdom Accountlng Standords (United Klngdom Generally Accepted Accounting PrCe). including FRS 102 Yhe Flnandal ReFQrtlng Standèrd applicable in the UK and Republlc of lfftland This report15 made solely to the charitable companV5 membeTS. as a b¢)dy, in accordance with Chapter 3 of Part 16 of the Companles Act 2006. Our audit work ha5 been undertaken so that we mlght state to the charitable company's member5 those matters we are requlred to State to them in an aUd0T,5 iep)rt and for no other purpose. To the fulkn extent pemiltted by law we do not accept or assume responsibility to anyune other than the charitalAe company and the charitsble companvs members as a bo(ty. for our audit work, for this report or for the opinkjns we have formed. In Dur opinion the financial 5tatements'. glve a true and falr vlew of the state of the charitable company's affalr5 as at 31 Marth 2025, and of Its Incomlng resources and applicatlon of resources, In¢ludlnE Its Income and expenditure. *or the yearthen ended; - have been properly prepared in accordance with the United Klngdom General Accepted kcountlng Prattlce: and - have been prepared in accordance wlth the requirements of the Companie5Act 2006. Basts of oplnlon We conducted our audft in accordance wlth Internatlonal Standards on Audtting IUKI115As (UK)) and applicable law, Our re5pK)nsibi1le5 under those Standards are further described in the Auditorfs responslbilities forthe audit of the financlal statements sertlon of our report. We are independent of the charitable company In accordance with the ethlcal requirements that are relevant to our aud of the financlal ststem8nts in the UK, induding the FRCS Ethical Standar(l. and we have fulfilled our otr ethKal responsibilities in accordance wlth these requirements. We believe that the audlt evldence we have oblained 15 sufficient and approprtate to provide a basis for our oplnlon. Conduslons relating to golng comern We have nothlngto report in respert of the following matters relation to whkh the tSAs (UK) requlre us to report to you where,. the trustee< use of the goln8 concem bBsi5 of accounting in the preparatfjon of the flnanclal ststements not appropriatè: or the charltable companvs abilty to continue to adDPt the golng concern ba5 of accounting fora perlod of at least twelve months from the dats when the flnanclal 5tstements are autlk)rised for Iss Other Information The trustees are responsible for the other information. The other information comprise5 the infomiatlon included In the trustees. annual Fx)r¢ other than the flnanclal Statements and our auditorfs report thereon. Our oynlon on the financial ststements does rnot cover the other Informatlon and, exceptto the extent otherwise explicitly 5tsted in our report, we do not express any form of assurance Concluslon thereon. In connection wtth our audlt of the ftnanclal statements. our responsibllity Is to read the other Informatlon and. in doing so, consléer whether the other informatiofl 15 materially Inconslstent wrth the flnancial 5tstements or our knowledEÈ obtalned In the audit or othèrwise appears to be materially misstated. If we iclentify such materlal Inconsisten¢ie5 Qrapparent material misstatements, we are requlred to determine whether therels a materlal misstatement In the financial ststements or a materlal mlsststement of the other information. If, based on the work we have performed. we cOncde that therels a material misstatement of thts other Informatlor. we are requlred tD report that fact. We have nothln8 to rewrt In thi5 regard. Oplnlon on other matter wescrlbed bythe CtyDpanle5 Act 21)06 In our oplnlon. based on the work undertaken in the course of the autht: the Informatlon given In the tru5tees' report for the finandal year for which the financlal statements are prepared Is con51Stent with the financial Statements; and p4e 11
IKWRO - WOMEN'S RIGFrrs ORGANISATION Inde endent Audltorfs Report to the Truslees of IKWRO-WOMEN'S RIGHTS ORGANISATION the Trustees report ha5 been prepared In accordan with applicat4e legal requirements. Matters on whlch we are requlred to report bYePtIon In the light uf our knowledge and understandlng of the charitsble tompary and its envirDnment obtalned In the course of the audlt. we have not identified material mlsststsments in thetnistee'5 report. We have nothlng to report In respert of the following matters In relatft to whlch the Companies Act KJ6 requires us to rert to you If, In our oplnlon.. -adequate accounting record5 have not teen kepL or returns ade¢wate for our audlt have not been receNed frorn branches not v5slted by us,. or -thefinancial ststements ore not In agreement with the accountlng records and returns; or ertaln dIsclosu5 of dlrectors. remuneration spedfied law are not made: or -we have rt recelved all the Informatlon and explanations we Tre for (¥Jr audttr or ResponTAbllltles of tNsteos A5 explalned more fully In the trustee5' responslbllitles ststement. the trustees (who are also the directors of the charitable companyfor the purposes of company lawl are responsible for the preparatlon of thefinanclal ststements and for belng sat15fied that they gNe a tnre and falr view. and for such Internal contrd a5 thetrustses determlne Is necessary to enable tk prepaTation of ftnancial ststements that are free from material mlsststement. whether due to fraud orerror. In preparlng the financlal ststements. the trustee5 are responsible for assesslng the charitable companrfs ability to continue as H golng concern, disclosln& as appllcable. matters rdated to golng concern and u51ng the going concern basis of accounting unles5 the twstees etther intend to Ilquldate the charitsble company orto cease operatlons. or have no realr5tic alternatSve but to do so. Audttorfs respwslbllttlesforthe audtt of theflnandal statemert5 Our oblectlves are to obtaln reasonable 355urance abDUt whetherthefinanckl ststements as a whole are freefrom materlal misststemen¢ whether due to fraud or error. and to bsue an audltorfs rewjrt that iludeS our optnion. Rea50nable assurance is a hlgh level ot assurance, but Is not a suarantee that an audlt conducted In accordance wlth ISAS (UK) will always detect a materfal misststement when tt exlsts. Mlsstatements can arise frorn fraud or error and are con51dered material If. Indlvldually or In the aEgregate, they could reasonably be experted to Infiuence the eC0MiC declslons ot user5 tsken on the basis of these financial statements. Irregularitles, Including fraud, are instances of non-compfiance wth laws and regulatlons. We design procedures Ilne wlth our responslbilrtles, OLrtllned above. to detect rnaterlal m1$5tatements in respert to irregularitie5. IKluding froud. The extent to whlch our procedure5 are capable ot detectlng Irregulartties, Includlng fraud Is detalled below". To identfy rlsks of material mistatements due to fraud I'fraud rlsks'j we a55es5ed events or condltlons that indlcate an incenthe or pressure to commkt fraud or provide the opportunityto commit fraud. Our risk assessment procedures Included: 'Enquiring wlth Trustees and management and Inspertlon of policy docurnentatk)n ag to IKWRO-womerLs dghts organisatlons policles and procedures to prevent frnud and detect fra1 that apply to thts company as well a5 Enquiring whether the Trustees and management have knowledge of any actual susperted or alleged fraud. Audit procedures perfomied by the engagerbwttsam induded: 'Dlscussions wlth management and assessment of known orsu5pected instances of non compliance with laws and regulatlons and fraud.. 'As5es5ments of Identtfied fraud facto •Challenglng assumptlons andjudgements made management in its significant accountlng estimates: 'Uslng analytlcal review procedures to Identlfy unusual or unexpected relationships: 'Confirmation of lated partles wbth management, and review of transartlorts throughoutthe per)dto l(kntify prevlously undlsclosed tian5actlons wlth related partles outside the nom)al course of l)uslness: Readlng mlnutes of meetlngsof those charged with governance- Revlew of signrficant and unusual transatlons and evaluation of the underlylng flnanclal ratwjnale supwrting the transactlons: 'IdeTrtifying and testlngjournal entrk5, In partlcular ary manual entrie5 mode at the year end forfinancial statement presentstlon. page 12
IKWRO- WOMEN'S RIGHTS ORGANISATION Independent Auditor's Re ort to the Trustees of11(WRO-WOMEN'S RIGHTS ORGANISATION 'Identifylng and respondingto risks of materlal mlstatement to non compliance with laws and regulatlon& We communicatsd identified fraud dsks througkjut the auditteam and MaIned alert to any Indlcatlons of fraud throughtjut the audit As requlred by auditirE standards, tsklng Into account possibte pressure5 to meet prof5t targets. we perform prOdureS to addre55 ri5k5 of management overide of controls and the risk of frauthlent revenue recognition, rncluding- the risk that revenue Is reccrded In the wrong period and the rlsk that management may be In a posltion to make inapproprlate accounth)g entries. We did not identify any pddltlonal fraud risks. We Identified arears of laws and regulationsthat could reasonabty be expected to have a materlal effect on the financial statements from our general commercial and Sector experience and through dtscussion with TnJ5tee5 and managernent las required by audltlng standards) and dixussed wlth Trustees and management the pollcles and procedures regardlng Complian with laws and regulation5. Flrstly. the companyls subject to laws regulation5 that directly affectthe tinanclal ststements includlng financlal reporting legislation, includlng related companles leglslatlonl. distributable profit5 legisLition and taxatlon legislation and we assessed the extent of compliance Wtth these laws and regulations as part of our rycÉedure5 on lated financial statement items. Secondly. the companyls suuertto maryother laws and reEulatJns where the consequences of non compllance have a material effect on the amounts or disclosures in the ftnancial Statents, for 1nstrdre through the impositwjn of flnes or IgatIOn. We Identlfled the followlng area5 as those most likely to havè such effect: health and safety, anti-bribery, general data protection. employment law, and certaln aspects of company leElslatlon. CognISIng the nature of the company's actleS. Aj{tIngS1an¢1ards Ilmlt the requlred audit procedures to Identify non compliance with these laws and regulations to enquire of the Trustee5 in5pettion of regulatory and legal correspondence. if any. Therefore, If a breach of operatknnal regulations is not disdosed to Us or evident from relevantcorrèspondence. an audit wlll not detect that breach. Context of ablllty of the auditto detectfraud or breathèd of law or regulion Owing to the inherent limltst1oT of an audtt, there is an unavoidable risk thatwe may not have detetted some materlal miststements in the flnancial statements. even though we have properly planned and performed our autht in attordance wlth auditing standards. For example. the further reThoved non<ompliance with law5 and regulations 15 from the events and transattlons reflerted in the flnanclal statements, the le$5 Ilkew inherently limited prOdureS required by audttlng standaid5 would identify It. In 3ddition, as wlth any audit, there remalned a higher risk of non4etettion of fraud. as these may involve collusiDn, forgery, intentional omlssions. mispre5entatlons, or the overide of internal controls. Our autht Procedures are des5gned to detect materlal mistatement. We are not responsible for preventing non compllance orfraud cannot be expected to detect rK)n•compliance wlth all laws and regulation. As part of an audlt In accordance wlth ISAS IUKI. we exerdse wofessional judgment and malntsin wofes5ional scepticism throughout the audlt. We also: Identlfy and assess the ri5k5 of material mtsstatement of the finandal statements, whether due to fraud or error. design and perform audit proce¢JJres responslve to those risks, and obtain audit evidence that is sufficient and approprlate to provide a basis for our opinion. The risk of nat detecting a material mlsststement resultlng from fraud is higher than for one resulting from error. as fraud may involve colluslon, forgery. Intentional omissions, misrepiesentstions. or the overrKle of intemal control. Obtain an under5tandin8 of Internal control relevant to the audit in order to des18n audil prOdureS that are appropriate in the clrcumstsnces. but not for the purpose of expre an nIOn on the effectness of the charitablo companrfs Internal control. Evaluate the approprfateness of accountin8 policies used and the reasonableness of accounting estimates and related disc105ure5 made by the trustees. Conclude on the approprlaieness of the tnJstee5' use of the golng concem basis of accountlng and. based on the audit Evlden obtained, whether a material uncertalnty exlsts rdated to events or conditions that may cast slgnificant doubt on the charitable companvs ablllty to contlnue as a going concern. If we conclude that a material uncertainty exlsts. we are rewired to draw attention in our auditorfs report to the related dlsclosure5 In the financial statements or, If swh rf15closures are Inadequate. to modlfy our oplnlon. Our conclusions are based on the audlt evidence obtained up to the date of our auditorfs report. However. future events or conditlons may Cause the charitsble companyto cease to continue as a going covcern. page 13
IKWRO- WOMEN'5 RIGHTS ORGANISATION Independent Auditor's Report to the Trustee5 of IKWRO_WOMEN'S RIGHTS ORGANISATION Evaluate the overall presentation, StrLtU and content of the flnandal statements, including the dtgclosures. and whether the financlal statements represent the undeilyin8transactDns and events in a manner that achieves falr presentation. We communicate with those charged wlth govemance reEardin& among other matters. the planned seope and tlmlng of the audlt and slgnlficant audit findinBs. Includlng any 5igniflcant deflciencies In internal control that we identtfy dur11 our audlt. A further description of our responsibilities for audit of the finarKral statents is l¢xated on the Flnandal reportinB Counc51's website at www.frc.org.uVauditor5re5ponsibllrties. This descrSption5 forms part of our Report of theAuditors. Use of our report Thls report is made solelyto the charitable companrfs members, a5 a body. in accordan with Chapter 3 of Part 16 of the Companles Act 2006. Our audlt work has been undertaken 50 that we might stste to the charitable compan5 members tFK)5e matters we are requlred to state to them in an audttorfs report and for no other purp05& To the fullest extent permltted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitsble compan¢s members as a body, for our audit work. fL)rthis port, orforthe optnions we have formed Ml¢halis Mlchael, Senior Statutory Audltor for and on behaw of Chr15topher Mithael Ltd. Chartered Certified Accountarts & Statutory Auditors 26 5tatlon Road, New Barnet, Herts EN5 Iqw Date: 6 202-5 page 14
IlfWRO - WOMEN'S RIGHTS ORGANISATION Stslement of financlal acttvllIes forthe ear ended 31 March 2025 Unrestrlctedl Designated Funds Restrlcted Funds Totsl 2024125 Totsl 2023124 Notes Income: Donations and reslricted grants Incom8 from ofhercharrfable activibes Fundraising & ether income Refuge Services Investrnenvlnterest income 1.257.540 9,595 1,267,135 1.092.641 9.868 265,525 9,868 265,525 3.745 14D.648 Total income 1.251.540 265,822 1.543.362 1.237,622 Expendlture Expenditure on Charitable activili8s." Direct Charitable expenditure Refuge Semces Management and admlnistratK)n {raing frjnds) 1.158,858 163.463 1,322,322 1,057,181 67 28,919 29.904 Total expendlture 1.188.763 163.463 1.352.226 1.088.187 Net ineomel{expendlture) and ngt movements in funds before gains and losses on Investments 122,358 191.136 151,454 1nter.fund transfer Total fund¥ brought fonvard 75,417 754,174 829,591 67S,137 Total fund5 carrfed lorward 144,195 876.532 1.020,727 829,591 The statement of finandal actlvttles kndudes afi and losses In the year. All incomlng resources and resources expended derlve from contlthulnE artlvitle5. The staiemenl of fftnan(ial artiVie5 also corryIlÈsh thYequkements foraTr ITead ExpenrtureaETht wrKlerthe Company. Page 15
IKWRO - WOMEN'S RIGHTS ORGANISATION BALANCE SHEET AS AT 31 MARCH 2025 Notes 2024125 2023124 Flxed Assets Tangible fixed assets Total flxed assèts 12 19,177 19,177 4,100 4,100 Current Assets Debtors Cash at bank arKI in hand 13 296,046 753,737 272.916 579.343 Totsl current assets 1.049,782 852.259 Creditors: amounts falling due within one year 14 48.231 (26.767) Net currnnt assets 1,OJ1,551 825,492 NEf ASSETS 1.020.728 829,592 The funds of the Charity: Restricted Income funds: UnrestrictedlDesignated income fvnds: TOTAL CHARITY FUNDS 17 17 144,194 876.534 1,020,728 75,417 754,175 829,592 The financial statements vkne approved and authorised for issue by the Board on 5 Ncvember 2025 Signed on beham of IF board of Trustees Neda Barzegar Chair. Board of Trustses Date 5 November 2025 Cornpany Reglstratlon No.08140751 Page 16
IKWRO- WOMEN'S RIGHTS ORGANISATION Statsment of 5h flows AS AT 31 MARCH 2025 2024125 2023124 Total Funds Prior year Funds Cash Ilows from operatlng activitles: Net cash provlded by (used In) opordting activlllos Cash IIow5 from investlng aclivities Dividends, interest and rents from Investrnents Purchase of tangible fixed assets Net cash provided by l (used in) investing actlvlties 197.790 82,573 (834) {22,562) 174.393 {588) (2,552) 79,433 Change in cash and cash equivalents In the rep)rbng period Cash and cash equNalents at the beginnro of the reporting period Cash and cash equlvalents atthe end of the reporting period 174.394 579,343 753,737 79,434 499,909 579.343 Reconclllation of net movement In funds to net cash flow from oporatlng actlvitles Net movement in furKls for the reporting period (as per Ihe SOFA) 191,136 151.454 Adjustments for. Depreciation charges Dividends, interest and rents from investments (Increase)Idecrease in debtors Increase(decrease) in credltors 7A84 834 (23,130) 21,464 7,793 588 (53,049> (24.213) Net cash provlded by (used In) operating aclivitles 197,790 82.573 Analysis of cash and cash equivalents Cash in hand 753,737 753,737 579.343 579,343 Total cash and cash equlvalents Page 17
IKWRO- WOMEN'S RIGprrs ORcNISATION NOTES TO THE FINANCIAL WATEMENTS for the year ended 31 March 2025 Summa ofsi nificant accountin ollcles General Infomiation and basls of preparation IKWRO 15 a company Incorporated In England & Wales and is limited by guarantee and ha5 no Share cap31. In the event of the charity being wound up, the liability in respect of the guarantee is limited to a maximum of £10 per member of the charlty. The gistered address is given in the charity information on page l of these financlal statements. The nature of the charity's operatl¢n< and princlple activities are safeguarding and empowering women and girls. The charity constltutes a public benefft entity as defined by FR$ 102. The financial statements have been prepared In accordance with Accounting and Reporting by Charttie5." Statement of Recommended Practice applicable to charities preparing their accounts in accordince with the Flnancial Reportin8 Standard applicable in the UK and Republic of Ireland i55ued in October 2019, the Financlal Reporting Standard applicable In the United Kingdom and Republic of Ireland IFRS 1021. the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practic& The financial statements are prepared on a going concern ba515 under the historical cost convention, modlfled to Include certaln items at fair value. The financial statements are presented in sterling which is the funrtional currency of the charity and munded to the nearest £1. The slgnifi¢ant accounting polici&s applied in the preparatlon of these flnancial statements are set out below. These policies have been con5i5tently applied to all years presented unless otheIse ststed. Reconciliation with prevlous GAAP In preparfng the accounts the trustees have considered whether in applying the accounting pollcles required by FRS 102 and the Charitles SORP FRS 102, the reinstatement of comporative Item wa5 required. At the date of tran51tion no other restatements were required. Incoming resources Income (including income from government and other grants) is recognised when the charfty has entitlement to the fund5, any perfomiance conditions attached to the iterns of income have been met, it is probable that the income wlll be received and the amount can be measured reliably. Interest and Investment Income recelvable Interest on funds held on dep051tantl rncome from Investments held is induded when recei¥pble and the amount c3n be measured rellable bythe charity. Fund accounting Unrestricted funds are available for use at the dtxretion of the trustee5 in furtherance of the general objertives of the charlty and which have not been designated for other purposes. Designated funds comprise unrestritted funds that have been set aside by the trustees for particular purposes. The alm and use of each designated fund is set out in the notesto thefinancial statements. Restricted fund5 are funds which are to be used In accordance with specific restrictions imposed by donors or whlch have been raised by the charity for partlcular purposes. The cost of rdisiftg and administering such funds are charged against the specific fund. The aim and use of each restricted fund Is set out in the note5 to the financial ststements. Endowmentfund5 represent those assets which must be held permanently bythe charity. Income arising on the endowmentfunds can be used in accordance with the objects of the charity and is Included as unrestricted income. Any capltal Eains or105ses arising on the investments form part of the fund. Investment management charges and legal advlce relating to the fund are charged agaln5t the fund. P4e 18
IKWRO- WOMET4'5 RIGHT5 ORGANISATION NOTES TQ THE FINANCIAL STATEMENTS for the yearended 31 March 2025 Summary of 51gnificant accountlng po¢1¢$ The principal accounting policies adoptedi judgments and key sources of *imation uncertalnty in the prepardtion of financlal statements are as folk)ws= Income Recognltlon All incoming resources are included in the Statement of Financial Activities (SOFA) when the charty is legally entitled to the income after any perfomiance condition5 have been met. the amount can be measured reliably and It Is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writlng. If there are condltion5 attached to the donatlon and this require5 a level of performance before entitlement can be obtained then income Is deferred until tse conditions are fully met or the fulfitrnent of those conditions lsvhln the control of the charity and is probable that they wll be fulfilled. Donated facilitie5 and donated professional services are recogni5ed in income at theirfairvalue when their economic benefit is probable, It can be measured reliabty and the charity has control over the ttem. Fair value is determined on the basis of the value of the gift to the charity. For example. the amount the charity would be willingto pay in the open market for such facllities and servSces. A corresponding arrmiunt is recognised in expenditure. No ?mount Is included In thefinancial statemt$ for volunteer time in line 7Mth the 50RP. Further detall is glven in the Trustee5' Annual Report. Where practicable. glfts in kind donated for distribution to the beneficiarles of the charity are included in stock and donations in the financial statements upon recelpt, If tt is impracticable to as5e55 the falr value at receipt or if the c05tS to undertake such a valuation outweigh any benefits, then the fairvalue is reco8ni5ed as a component of donations when tt 15 distributed and an equlvalent amount recognised as charitable expenditure. Gifts in kind donated for resale are included at fair value. being the expected pioceeds from sale less the experted cost5 Of Sale. Where estimating the falr value is practicable upon receipt it Is reco8ni5ed in stock and 'lncome from other trading attivitie5'. Upon sale, the value of the Stock is charged against'lncome from other trading actlvltiel and the proceed5 are recosnised as 'Income from othertrading activities,. Where it is irnpractrcable to fair value the Items due to the volume of low value items they are not recognised in the financial statements untll they are sold. This income is recognlsed within 'lncome from Dther Fixed asset gifts in kind a recognised when receivable and are included at fair value. They are not defetred over the life of the asset. For legacies. entitlement is the earlier of the charity being notified of an impending distribution orthe legacy being received. At this point income 15 recognised. On occasion legacie5 will be notified to the charity knvever it is not POS5ible to measure the arrKJunt expected to be th5tributed. On these occasions, the legacy is treated as a contlngent asset and disdo5ed. Income from trading activities includes income earned from fundrai5in8 events and trading actlvities to raise funds forthe charity. Income 15 received in exchange forsupplwnggoods and service5 in order to ralse fund5 and Is recognised when entltlement has occurred. Incomè from government and other grants are recognlsed at fair value when the charity has entitlement after any performance condition5 have been met. it is probable that the income will be recelved and the amount can be meosured rellably. If entitlement is not Thet then these amounts are deferred. Investment Income is earned through holding a55ets for investment purposes such as share5 and property. It includes dividend5 interest and rent. Where it Is not prarticable to identify investment management costs incurred wr¢hin a scheme with reasonable accuracy the investment income is reported net of these costs. It is induded when the amount can be measured reliably. Interest income is recognised usinE the effeLtrve interest method and dividend and rent income Is recogni5eé as the charlt¢s riEht to receive Davment is established. Page 19
IKWRO - WOMEN'S RIGHTS ORGANISATION NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025 Other income includes the conversion ot endovmient tunds into income whlch arises when capital tunds are released to an Income fund from expendable endowments or when a charity has authority to adopt a total return approach to its permanent endowment fund. It also Includes other income such as eains on disposals of tanglble fixed assets. Expend5ture recognltlon All expenditure is accounted for on an ac£ruals ba&s and has been classified under headings that aggregate all costs related to the category. Expendlture is recognised where there is a legal or constructive obligation to make payments to third parties, it Is probable that the settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is char8ed as an expense against the activity for which expendlture arose Grants payable to third parties are within the charitable objectlves. Where unconditlonal grants are offered, this Is accrued as soon as the reciplent is notified of the grant, as this gives rlse to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant Is only accrued when any unfulfilled conditions are outslde of the control of the charity. support Cost allocation Support costs are those that assist the work of the charity but do not directly represent charitable activities and Include office costs, governance costs, administrative payroll costs. They are incurred dlrectly in support of expenditure on the objects Df the charlty and include projert management carried out at Headquarters. Where support Costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable actlvities on a basis conslstent with use of the resources Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminatlng Informatlon in support of the charitable activitie Tangible fixed assets Tangible fixed a55ets for use by the charty are stated at cost less depreclatlon. value. over their expected useful lives on the following base5: Fixture5 & fittings - 20% straight line basi5 office equlpment- 25% straight line basi5 Taxation The charlty is an exempt charity within the meaning of schedule 3 of the Charlties Act 2011 and is considered to pass the tests set out In Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. OperatlnE leases Rentals payable and receivable under operating lease5 are charged to the SOFA on a straight line basis over the period of the lease Debtors Trade and other debtors are recogni5ed at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and In hand Cash at bank and in hand includes cash and short term highly liquid Investrnents wlt a short rnaturity of less than three months from the date of acquisition or opening of the deposit or similar accounL Credltors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that wlll probably result In the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliablv. page 20
IKWRO-WOMEN'S RIGFrr5 ORGANISATION NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025 Flnancial instruments The tTUSt has only has financial assets and financial Ilabilitie5 of a kind that qualify a5 basic financial Instruments. The charlty does not acquire put opt10, derivative5 or other complex financial instruments. The main form of financial risk faced by the charity is that of volatility In equity and investment markets due to wider economic condltions, the attitude of investors to risk, and changes in sentiment concerninE equities. Pensions The Company operate5 a NEST pension scheme for its employees . Contributions are expensed as they become payable. Golng concern The financial statements have been prepared on a going concern basis as the trustees believe that no materlal uncertalnties exlst. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure Is sufficient with the level of reserves for the charity to be able to continue as a concern. page 21
IKVJAO-WOMEPIS RIGHU ORGANISAT Note519lheffrti(I4lstatwnts lorthe arwdÈd31M#rth2025 I IEy15tatysolth¢Twwi ThE7ntI31MPdn¥11m1terf&YYj3rJrteadhal0th1fe(tyit.knth¢v¢nt01thÈ respeLtofThE ? HThon(laTperf•martteolthedwtty Yeart031KATth201S togiM4rthI014 Tot lJ43J63 IncDme U57 237ts21 ENpenoltureonthwbtsble¥thkte5 pendMr¢M ThwnalernEntd adrnlnlsiralon L154.163 160.674 L31483B 25,904 LOSSA14 19,919 L135 4M5 1789 3.46> L086.168 6&7n 19LI37 15L454 Total In$br¥trar 71417 754JY4 81991 674la7 Tatsifvnd$nrrted fOrId Repre5enEed bv: J44.194 i.ow.nJ 529591 RestrtEtEdlunth 144154 144.194 Unr¢sirtttqdthJnds .174 3 Incwetrom D0TrathTrsa 6rants Grants licErb ESrneeFalIITfi FDund4tk• LundoDCwndlsRefi4t Lond0b)C¢yDd15¢e and rn5t 64.$ É4.116 IS.372 34A36 35Jn 3U36 lohdoTrcqw15Pr¢EVV MOPAcIGLAlprBYbJs MHaGI Mopac-IWG Mopac5okcE MopaEVAWG Moveon Anylau Pamersh MHCLG Bexfey KEn¥lD8tcn&(thel Wtser Natwest arde Fund GLA l¢fuee Led Fknt1ng5¥PPOrtAWRCled ayorol 14ndpn LDW¢By&knl OWP.ktetstrwryk 1(S-IDVA Th•C4thgFoundabon SP5 Drm4rtEnSFud1uttn HallerMIth& Fulham StandlngToEe¢hEr IHprnOrffteth0l Tufftlus vlr¢ UK atydlLdnd Women'sAkl 5vl•ce 35,3n iiwo G4376 47,834 39.935 49,4BO 24580 .ODO io,wo 2&174 64376 59A26 39935 6437$ SDJ2E 39 26,5 27591 2Y.59L 65374 JO5.119 91956 65374 105.119 W56 754 fj&911 13A445 14. awl 3.530 S.DS2 19.950 28391 50.7Q9 OA60 13,630 8.100 41 L520 IDO I.[ ILTA.ArcesstoJuth Ilde5 Ybe Nalopal LotteryFL W<MeTr'sHeahh tefvvons-Aestrf¢ted 20)MD 7.6SB 20,(IYJ ¥A95 4 sund1[r%&•therlnuXe Otheroper£lwIn(r 96$ 96$ 3,745 9.858 Pagè 22
IKWRO- WOMEN'S RI&IT5 ORGANISATION Notes to the finanual statements for the yeaT ended 31 March 2025 2025125 2023124 5 Analysis of eXpendIte on tharltsble actfvltles Staff & agency costs Depreciation Other running costs 926.074 7,484 388,763 1.322,321 781,912 7,792 267,544 1.057.248 6 Analysis of Èovemance and sUPPOrt cost Staff cost5 Audit and accountsncy Bank charges Other management committee expenses 23.475 4,800 176 1,453 29.904 22,982 4,800 139 998 28.919 7 Net Income/leendItUre) forthe year This is stated after charging: Depreciation -owned assets Auditors remuneration for audit servlces Auditors remuneTation for otherservices 7,484 4.800 7,792 4,800 8 Anatyses of staff costs trustee remunerdtlon and expenses. and the cost of key Wages and salaries Employers national insurance Employers pension 843.221 77.730 11.852 932,803 713,924 64,555 9,025 787.504 The average number of5taff employed during the year were a5 follows.. Dlroct rharitahle 28 23 28 23 The number of employees whose emolurnents as defined for tsyAtlon purposes amounted to over £60.000 in the year were as follows". 9 Trustee5' Temuneration Trustees received remuneration during the year under revlew or preceding year. The Charity pald for Trustees travellin8 expenses durlng the year, amounting to £IA53. {2024: £9981 which were incurred whole for the 10 Related party transartlons There were no related party tran5attlons made during this year NIL (2024: £Nil) 11 Corporatlon Tax The Charity 15 exempt from tax on income and 8ain5 falllng wlthin 5tIOn 505 of the Taxes Act 1988 settion 252 of the Taxation of Char8eable Galns Act 1992 to the extent that these are applied to its charitable objects. Page 23
." IKWRO. WOMEN'S RIGFrrs ORGANISATION Notes to the financial statements for the year ended 31 March 2025 Flxtures & fitting5 Eqpment Totsl 12 Tangible fixed assets C05t: At l April 2024 Additlons 20,515 ,orJ) 52.040 9,562 72,555 22.562 At 31 March 2025 33.515 61.602 95.117 Depreciation At l April 2024 Charge In year 20.390 3,310 48.065 4.174 68.455 7,484 At 31 March 2025 23.700 52,239 75.939 Net bDok value At 31 March 2025 9.815 9,362 19.177 At 31 March 2024 125 3.975 4,100 13 Debtors 2025125 2023124 Amounts due within one year: Trade debtors Prepayments & sundry debtor5 Accrued income and grants recievable 16.120 279.925 16,005 256,911 296.IM6 272.916 14 Credttors Amounts falling due within oneyear: Taxation and other security cost5 Accruals & other credltors Deferred Grants Third Party 2024125 2023124 24.512 20.977 18,562 8205 2.742 48.231 26,767 15 Deferred income Deferred income comprise of grants received in advance for 2023124 Projects. Balance as at l April 2024 Amount released to income 2024125 2023124 5,833 The Leathersellers E5me Fairbaim Amount defebTed In theyear: The Caring Foundation -5,833 Balance as at 31 March 2025 Page 24
' IKWRO- WOMEN'S RIGHTS ORGAN15ATION Notes to the financial statements for the year ended 31 March 2025 Z025125 2023124 17 Analysis of charitable funds Analysis irf movement In rertrl¢ted and unrestricted funds Restricted reserve5 Balance at l April 2024 Incoming resources Resources expended Interfund transfers 75.417 1,257,540 11,188,763) 17,838 1,027,773 1970.1941 Balance at 31 March 2025 144,194 75.417 The grdnts from the London Counals strat)ds. Esmee Fairbairn, MOPAC strands. MHCLG, GL4 strands, Lloyds Bank Kenslngton & Chelsea & Westminster, LCF - IDVA. The Caring Foundation are for salary and associated projert runnlng costs. Unrestrirted- Functlonal fixed assets reserve 8alance at l April 2024 Movement in year Tran5ers in year Balance at 31 March 2025 4.100 15,078 9,341 15,2411 19,178 4,100 Unrestricted- Runnin Balance at l April 2024 Transfers in year Balance at 31 March 2025 costs reserve 400.000 200,000 600.000 300,000 loo,000 4JO,000 Unrestrltted- Runnin Balance at l April 2024 Movement in year Transfers Balance at 31 March 2025 costs reserve: iio.o loo,000 .000 200,000 10,000 iio,000 Unrestricted- General reserve: Balance ot l April 2024 Movement in year Transfers Balance at 31 March 2025 240,075 107,281 1290,0001 57.356 250.959 99.116 Iiio,0001 240,075 Total Unrestricted reserve5 6.534 754.174 Unrestricted General Designated Restrirted Toral Tangible fixed assets Cash at bank and in hand Other net current as5ets/ (liabilities) 19.178 19,178 1,001,550 144,194 857.356 144,194 857356 19,178 1,020,728 Page 25
IKWRO. WOMEPIS RIGEtrs ORGANISATION Notes to the financial statements forthe year ended 31 Marth 2025 17 a)Analysls of Re5tr1cted:Fund5 Balance 0110412024 ¢omiTrJ R0ceS Resour¢e5 Expended Trane .Balance at 3V03120Z5 Funders name Esme Fairbairn Foundatll London Counci15 Refuge London Councils Advice and Counselling London Councils Harmful PractKes London Coundls Prevention MOPAC/GLA Iprevious MHCLGI Mopac-YWG Mopa¢ Solace Mopac VAWG Move on Angelou Parnership W15er Natwest fjrde fund GLA Refuge Led Floating supportAWRC led Mayor of London LDASA (By & For) DWP- Access to Work LCF-IDVA S8S Dr Martens Foundatlon Hammersmith & Fulham StandingTogether (Home Office fund) Turn2Us Advlce UK City of London Women's Solace Barnardos ILTA- Access toJu5tlce Tlde5 The National Lottery Fund Women's Heah Community Fund Totsl Restrfcted 65,000 64,126 64.126 80.089 80.089 35,372 35.372 34.436 34.436 111,090 111.090 64.376 64.376 50,226 50.226 39,935 39.935 50.800 50,81Th) 26.580 26.580 27,591 27.591 4,000 1320 65.374 65.374 105.119 103.CQ3 92.956 116.195 12.621 12,621 36.481 36.481 3.530 3.530 1,000 20.950.17 28.391 27.790.80 14,55187 8,100 13.98&25 8,380 IL367.08 1.620 1,619.54 6.000 6,(DO.00 IDI IDI 101 IDI 101 1.6BD 101 IDI -2.116 23.239 101 19.950 IDI 9,000 14,553 5.888 IDI 2.513 2.C#JO 2,C 200,01)0 91,853.56 7.658 4,52&55 20,LVJ 3.525.57 4,689 1.441 1188 763 108.146 3,13D 16.474 3.248 bl Analysis of iknrestrirted Funds UnrestrictÈd 240,075 285.823 163.463 (305.079) 57.356 18 Curnrnitments underoper•tinK lease Minimum lease payments under nonrycancdlable operating leasesfall due as follows". 2024125 2023124 WStFMn one year Between one and five years 204,978 126.865 50.042 63,276 page 26
IKWRO- WOMEN'S RIGHTS ORGANISATION Note5 to the flnancial statements for the year ended 31 March 2025 19 Sertion 375tatement As Income & ExpendUre Account show5. the grant of £34A36 For healthy London. HÈaJthy Relationshrp projecL from the London Councils Grants Committee wa5 expended forthe purp)se It was awarded.. £64.126 forAscent Speclalist Refuge Str3nd.fromthe London Councils Grants Committee was expended for the purpose forwhich ir was awarded: £80.089 forthe Advlce & Counselling project, from the London Councils Grants Committee was expended for the purpose forwhlch it was awarded,. £35,372 forthe Ascent EHP. from the London Counclls Grants Commlttee was expended for the purpose forwhich It was awarded. page 27
IKWRO - WOMEN'S RIGHTS ORGANISATION Detalled Income and expenditure account forthe ear ended 31 March 2025 2025125 2023124 Grants receivable Interest Donation5 & 8ifts Other income Refu8e Rent & Service charges 1,257,540 834 9,595 9,868 265.525 1,027,773 588 64,868 3,745 140,648 1,543,362 1,237,622 Dirett charitzble expenditure: Staff costs Staff training and welfare Recruitment Insurance Refreshments Rent, rates & services Light & heat Repair5, maintenance & garden upkeep Printin& postage & statnery Telephone Volunteer expenses & peer mentoring & training Client travd & other expenses Cllent training courses & other related expenses Events, meetings & conferences Membershlp & subsrlptions Publications, reproduttion & publicity materials Professional fees Depreciation 909,328 22A92 4,033 2.989 2,526 206.987 25,361 26,806 4.925 6,697 1.164 66,159 917 19,688 4.373 7.422 2,970 7.484 767.122 11.605 3,831 3.816 1,783 164.403 13.242 3,397 2,307 3,253 1.812 44.951 2,882 10,241 2,858 4,907 7,038 7,791 1,322,322 1,057,249 Management & administrntion: staff cost Audit and accountancy Bank charges & Interest Other management committee expense 23,475 4,800 176 1.453 29.9D4 191.136 22.982 4,800 139 998 28,919 151.454 NET INCOMINGSI{OUTGOINGSI IN YEAR Page 28