Charity registrjtion number 1160555 WOMEN'S AID IN LUTON ANNUAL REPORT AND UNAUDITED FINANCIALSTATEMEIYTS FOR THE YEAR ENDED 31 MARCH 2024
WOMEN'S AID IN LUTON LEGALAND ADMINISTRATIVE If4FORMATION Tru5t¢¢s Ms S Morton M5 T Aancham'an Ms A Waheed Ms D Nelson Mrs A Whalley Mr5 LJop50D H K Hundal fvls L Mateescu Ms H Nisb¢t Ms S Walsh Mrs J Gondwe-Atkins (Appointed 31 May 20231 {Appointed 26 Julv 2023) (Appointed 31 July 2024) {Appointed 27 No*ernb¢r 20241 {Appointed 27 Novcmber 20241 (Appointed 27 NDvembeT 2024) (AppoiDled 25 Septrmb¢r 2024) Charity Dumber 1160555 Independent examiner HW Associates Limited Portmill House Porrmill Lane Hiichin Herts SG5 IDJ Bankers B8rclai's Bank PLC Lcicestrr LE87 2BB Unity TTUSt Bank plc PO Box7913 Planetary Road WillenlLall WVI 9DG Solicitors Pictons Soli¢itots LLP Studio K12 274 Witan Gate West Witan Studios Milton Keynes Buckinghamshire MK9 IEJ Russell-cookc LLP 2 Puiney Hill Londo SW15 6AB
WOMEN'SAID IN LUTON CONTENTS Page TnLStees' report i-io Independent examin¢fs rq)ort li Statement of fulancial activilies 12- 13 Balance sheet 14 Statcmcnt of cash flows 15 Notes to the fmancial statemeE 16-32
WOMEN'S AID IN LUTON TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The tNstees present their annual T¢POrt and financial statements for the year ended 31 Ma 2024. The financial statements bave been prepared in accord¥mce with the accountiDgpolicies setout in not¢ I to th¢ finyncial stat¢ments and cotnply Th'ith the charity'5 governing docum¢nl the ChariticsArt2011 d"AccountingandRep0rtjng by CharAties: Swernenl of Recommended Practice applicable to charities preparing their a¢¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective l January 20191. Objectives 9Dd activities The object for which the organi5ation is ¢slablished is to relieve the distrcss and suffering cxpuienced by women and theiT children who have experienced dotnestic abusc. defined in the Domestic Abuse Act 2021 by. (a) providing refuge acconunodation and outreach 5UPPOrt where women and 1heir children who have experienced domestic abuse Ca enjov tetnporaTr rest and protection from abuse. with a YieK' to their stsrting ind¢p¢ndent livin& and obtaining a pernian¢nt legal separniion or divorce if they ate married or have a civil partnership and {bl Providing support and as5i5tance in obtainin8 le1 advicc. medical care. emotiona] support atLd relevant tnforniation as part of a supportive process for women and iheir children who have suffered serious injury or impainnenL physical, emotional. economic or sexual abuse The Charity achieves its objectives by rllnntng a number of rcfijges to IUSe women and their families and provide a drop- in service Thiih facilitics availablc to all attendees. Th¢ Charity is supported by the locaI Council who provid¢ an annual grant togcilL¢I with an income based on the number of resid¢nls. Publi¢ benefit The Trust¢es have considered the public benefit guidance published by the Charity Commis%ion and are satisfied that the Charitys faciliiies are made available to all appropriate membets of the public. Whete the ienants are unable to meet their rental pa}Tncnts directlv. rent is secured Tria houslng benefit to cnsurc thai accommodalion can be provided without ref¢nCe to their financial position_ There is 8 national hclpline available 24 hours a daN' and in ¢m¢rgcnc)' situations local members of staff can be called upon at anv time. The Trust¢¢s and sthff of ihc Charitv are contilluing to rdi5e aThar¢n¢ss of the Charity's 5crvices to ¢xlcnd its usage.
WOMEN'S AID IL¥ LUTON TRUSTEES, REPORT (CONTINUED) FOR THE YE4R ENDED 31 K4RCH 2824 llltroduetion In th¢ 2023124 perio the chaTity succe55fully itTrpleJnend its thrtt-v¢ar 5trdtegy. -BuildiHg B¢tt¢T Futur¢s Together." Its mission is to become a leading organisation that delivers the most impactfijl aftd highest qualitsT accommodation-based support and it)terveniions for ii'ornen affected by gender-based abuse and exploitaiion. along with their children. The ¢harity strives lo miligate the d¢v8slating ¢ff¢cts of g¢nder-based abC and exploitation on all women and children throiigh safeguardin& empoiYellnenL and cducaiion. Its principles align closely with those of the Women'sAid Federdtion of England, reinforcing its commitsnent to this viÉal uSe. The f harity'5 new valu. Diversity and inclusion We celebrdte diversit>. and recognize that acFLieving our vision require5 actively dismantIing systemic racism and discrimination. We are dedicatrd to championing cquity for all, fostering an organisational culture that challenges oppression in all its fornis. W¢ promote in¢lusion and strive w ensure that everyone has the righi io access support that ackno.]edge Tespects and values their unique lived experiences. CollaboratioD We believe in the poK'cr of collaknration with women survivors. parther oruanisation& specialisl services. and supporters io drive m¢aningful ¢hang¢. Our commitmenl involves learning from service users and working togtiher to ensure that every woman secking our support can access the belp she needs. AdvDcacy As experts in Ihe field of 8eTrJer-based domestic abus< we aim (o amplify the voices of women and children expericncing abuse and exploitation. Wc will Icvcrdgc our influence to advocate for their rights and needs. In]Jovation W¢ are dedicated to explorino ne solutions to the persisteni challenges associated w'ith g¢nder-based abuse and exploithtion. as well as addressing eMeIng issue& Our goal is io CO-erea intM)N'ative inrventions ttul enhance outcomes for th'omen and iheir children.
WOMEN'SAID IN LUTON TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 Achievemellts and performanee Strategic Priorities glld Achievements for 2023n4 By concentrating on the clLarity s five 51rdiegi¢ priorities. meaningful change M'zs drivcn. and significant impact '8S created throughout ihe vear. Her¢ are the charitv's ke}, achievements aligned with its strategic objecti)es= l. M¢dium Term Finan¢ial Strategy Securing s1clent funding remained the princlpal challcngc faciDg the Clwity as ther¢ remained unrcrtainty over the funding landscape due to the 'cost of IiviDg' crisis mad¢ wotsc b> inllation driving costs and eaiing into the real value of income as well a5 th¢ surge in demand and increasing people chall¢ng¢s. The huge pressures on publie sector funding posed an additional risk. The Charity prioritiz¢d ¢nhan¢ing its financial stability by developing a robust revenlle pla which su¢¢¢ssfully sUPPOrted an incrcase in rental incomc for 2023124. Reviewing the void Tnanagem¢nt processes aDd implementing a more eff¢ctiv¢ approacll reduced void levels and increased the charity's atmual occupancy rate w 92%. AddLlionally. the charity focused on a bid writing strntegy ivhich led io a rise in all1 income. tn the 2023-24 period. the charit) successfully expanded its funding streams thn)ugh div¢rs¢ sourc¢& ¢nhancing its ability to serve the cotnmunity. Core Funding and Grants Th¢ Charity's primary funding c8me from Luton Borough Council (LBC). which supported it5 generic and comple.x needs refuge provision, staff training and dcvelopment, the hiring of a dedicatcd Children and Families Otricer. and th¢ pTovision of household stsrter packs for bet]eficiari¢s tran5Ltioning from ow refuges. The charity was pleased w secur¢ a three-ar extension of the Bedfordshire and Luton Community Foundation (BLCF) CIF grant. which is vital for lis H¢lplin¢ services. Addiiionally. funding from the National Lottery -AardS for All. allowed thc charity to strengthen its helpline by adding a part-time Refetral and Assessment officer. This helpline seryes &% th¢ ba¢kbonc of the charity's operations. providing essential ]nforn10. SUPPOTL and guidance tt> individuals sc¢kinu help with domestic abuse. FurthemTrore, the charity obiained grants frnm Grfi¢ld WestorL the Rank Foundatio and ihe National Lottery to help offset core c05t increases due to the rising ¢051 of livin& Enhancements to Children's Services The eharits s servi¢es for children w¢r¢ significantly enhanced thTough a grant from BBC Children in Need which funded a Senior Development Officer lor Children and Yourkg People. Thts role focusei on building COnDections with schools and )'outh orgdnisations to address the ging need for awareness and prevention of Ellth¢althy r¢latlOliship5 atnoDg cbildren. Tbrough the BLCF Luton Citizen GranL th¢ charity partnered witb 'Wise about Food, CIC io offer h¢alth! cooking N'orkshops for its b¢neficiari¢s. This funding a150 5upporled the creation of a Food Calendar w aid the charity's fundrnising initiatives. To furnish the charit)'s newlv leased refuge with essential housebold items. additional support w&% received from the Jane Cart Almshouse Trust Fund.
WOMEN'S AID IN LtrroN TRUSTEES, REPORT {CONTINUED} FOR THE YE4R ENDED 31 MARCH 2024 Community Outreach and Awaren9 Th¢ cELaritv continued to invest in outreach ¢ffort5 to conneclwith the widercommunity and support survivors and profe55ionaIs in accessing its service5. By participating in numerou5 LO¢ fonllll5. networks. and sI¢gi¢ partn¢rship meeting5. the charity raised aii'areness of its offerings. shared expertt"se. and ensuTed its athive role in the multi-agency response to domestic abuse acrc>ss Luton aDd BedfordshiTe. This collaborative approach has improved the coordination of support and enhanced the safety and well-b¢in8 of our b¢nefi¢iaries. Voluntary Support 2nd Donations The chaTlty is immcnsel). gratcful for the gencrosity of individuals and organisations that supported the charity. throughoul the year. Many dedicated thcir tiJne and donatcd essential items such as clothin& toiletrie5. and food. Thi5 invaluable support has made a significant dtfference in the chariry's ability to serve those tn need. 2. A¢¢ornrnodAtion Strxtegy Ln Nov¢mber 2023, th¢ charity secured the leasc on a neu. HMO property for its beneficiaries providing modern accommodalions and a spacious living area to replace an outdated refuge previously led from Luton Borough Council. The charity successfully obtained HMO licenscs for a]1 ils r¢fiJg¢s. While the charity tdenlified potential new properties for purchase to diversify its accotnmodation offerings. it pau5¢d the5¢ plans duc lo uncertainties sUound1ng interest rate fluctualions. Instea¢1 the charity cornmissioned a long-t¢rn] financial slre5s trsling exercise to assess mortgage viability and inforn] funwe property portfolio eypansion. 3. Workforce D¢v¢lopmeDt During 2023124. the charitv placed a strong emph&5is on [crIng its re¢NLtmcnt and induction procc&scs for stsff and voluntecrs. Its Senior Leadership team benefited from One-olone ¢oa¢hing and group Tefl¢¢tive PTadice scssions. whil¢ th¢ CEO participatd in peer action Icarning sets. The charit), also welcotned three new volun*crs, who brouglLt valuable support and dii'erse skills aeross various roles. AdditionallN'. the charitv proi'ided placement opporbjnitics for a Social Media Apprcnlic¢. a Social 'Or- Studcnl and an itkterr enrichin8 Its team and enhancing tls ¢apacii)' io serve ih¢ CODununit)'. 4. Service Improvernent The charity continued to face opcrdtional challenges and increlsed demand for services. ILS improvement program focused on ¢nhan¢inq op¢rational and orgattisational goyemance proccsses. Through upgrading thc ouldata phone svst¢m to a cloud-bas¢d solution, the cbaritr significantly reduced rr issues and improved its helplin¢ aDd on-¢all serYi¢es. In March 2024. the charity achieved Cy'ber Essentials Plus accreditation. reinforcing its commitment to IT security. An eYtrerna] safeguarding audit identified ar8 tor improi'ement, which ere addressed through an organisational safeguarding action plan. To str¢ngth¢n servic¢ us¢1 involv¢m¢nL a S¢rvic¢ User Involvcm¢nt Working Group w7s ¢stsblishe¢l f¢¢dback surveys were conducte%L and bi-lieeklv residellt tneetillgs There initiated io ensure ongoing feedback loops with beneficiaries. S. Service E%paThsion Throughout 2023124. thc charity enhanccd its holistic service offeTinJo in collabordtion with vaTiOU5 partner agencies. scoping inl¢rv¢ntions to support h¢alth and '¢I]b¢ig initiativcs. Grdnt funding wa5 5ccurcd to install a clinical room. facilitating partnerships with agencies that provide health interventioni such as sexua] hea]th and Subs&¢¢ misuse supporL The charily also placed tmphlsis on services dedicated to children and young people in its refuge pmvision. Additionall)., the charity M-as able io a¢¢ess a range of pro bono services to PTomotc beneficiaries independence. including legal and immigration advice. ESOL classes and ¢ounseling to address the trauma aslated '1th domestic abuse.
WOMEN'S AID IN LUTON TRUSTEES, REPORT {coNrtNUED) FOR THE YEAR ENDED 31 h£4RCH 2024 Aebievements and performanc Th¢ Charitv contirlued to provide advice and suppor( outr¢aclL refug¢ and resettl¢m¢nt supportto Su1VorS of domestic abuse. In 2023124 the charity"s helpline provision successfvlly reached 204 women in the community facing domestic abuse. AdditÈonally. 331 individuals wcrc supported through the provision of brief support and advice. The &ssistance encompassed specialized domcstic abuse suppon. legal and immigration guidanr£, and facilitation of refvge acce5S. The charity continucd its vital paTthcrship iiith Luton Bornugh CounciL opernting five refuges that can accommodate up to 24 i%omen and their children at any given time and the charity is pleased to Teport that a contract eKtensiotL w&8 secured untLI June 2026. During this peri the ¢hariD provided r¢fug¢ for 58 women and 19 childArn. including four pregnant service users. Notably, over 700/0 of the charity's bencficiaries idenlified as ia¢ially minorilise(L and the charity maintained a dedicated refuge for omen from the South Asian ¢otJmiunÉty. Additionallv. th¢ charity Support 10 worn¢n with complex need& including mentsl health and substance tnisuse challen8¢ in our sp¢¢ialized refug¢. The charity's dedi¢ai¢d t¢am of support otTi¢ers offered one-on-olle emotional support and advo¢acy. addressing issucs r¢lated to domesti¢ abuse and providin8 practical housing assistance to those at risk of homelessness. Each beneficiary received a cfrproduce( person<entered support and safetv plan, which is regularlv rel'iewed to ensure it meets their evolving needs. The averdge slay in the charity's refuges was five month4 allolg the provisxon ofcompreh¢nsive support.
WOMEN'S AID IN LUTON TRUSTEES, REPORT (coiYfiNuED) FOR THE YEAR EIVDED 31 MARCH 2Q24 Summary of support provided Financial Support: 750/fj of the charitv's service users Teceived diverse financial assistance. including help &ccessing benefiE income SUPPDrL debt manag¢menL and deslitution aid. Immigration Support: 340/0 accessed immigration a5SiStance, including support for miwt victims of domestic abuse and help in regularizing their imrnigration sLatU5. Criminal and Civil Justice 320/0 utilized civil justice supporL receiving guidance on injunctions. family la. and nayigating the criminal justice system. Housing Support 93 /0 accessed housing support. whi¢h iD¢Luded emergency ¢0Modation, home security improvements, and i¢nancy maint¢nance assistance. WorK TrAInig and Educ¥tional 480/0 benefited from educational support. iThcluding job seaT¢h &s5i5taTLce. training opportiinLti¢8 atKI volunte¢riDg. Physical Helth 570/y received help with physicat health. including support to regist¢r w'ith a GP and access necessary treaunents. Emotional Health and Wellbeing 60Vo accessed emotional health suppori including counselins life skills trdininv and group '01k programmes. S¢rviee User Findings The ¢harity's s¢rvice user survey revealed thai its refuge provision is highly valued by its ben¢fi¢iartes. An impressive 97ts/0 of respondents indicated they would reconllend the charity's refuge5 to others in ne£ whilc 980/0 fated the charity's staff as extremely or very frieJLdly and supportive. reflecting a high Icvel of satisfaction and gratitude among those the charitir scrves. It is importantto acknowledge andthanks to all the dedicated staff. trustees and volunteers M'hose unwavering support has enabled the charity to deliver high-quality refuge, outredch. and domestic abuse SeiCeS to women and children. The charity is immensely proud ot its achicvements and remains cornmitted to continuously monitoring and elaluating its services. Bv activcly seeking feedback trom it5 beneficiaries. sIttl.. trustees, and volunteers. the charity aims to enlLance its service delivery and ensure it meets thc ¢volving ne¢ds of thos¢ it Serves. Investment Policy The Trustecs have considered the most appropriate policy for investing fimds and haTre agreed that 5pecialised interest-bearing bank accounts meettheir requirements with a Vie to achieiiog the bea available rate of interest to m&Kimize investment in¢orne. The Trust¢es Consider the return on investsnents io be appropria in the current economic climate.
WOMEN'SAID IN LUTON TRUSTEES, REPORT (CONTINUED) FOR THE YEAR EJVDED 31 MARCH 2024 Financial review The Trustees have prepared the COUnts in accordance with the Swement of Recommended Practice ISORPI foT Chariti¢s. "hich supplcmetsts th¢ traditional income and expenditure account with a Ststement of Financial Activities (SOFAI. which records r¢souJc¢s r¢¢eived and spent. A detailed review of the fmancial posilior) is shown in the Statrment of Financial Activities. The following is a summary of th¢ ke). points relating to our fK(al perfomiance for 2023124:_ Income increas¢d by 30.180/0 10 £999,173 (2023: £767.i32). Growth came fTom a 15.40/u in donations and le8acies in¢orn¢ to £i24.008 (2023: £454.0841 with increase of 50.8WTr in ¢harilabl¢ activiiies incom¢ to £472.503 (2023= £3 [3.1541. As a ¢ons¢quence of this inCa5¢ in incom¢. allied to a I1.4/0 in¢reas¢ in total ¢xp¢nditur¢ to £964,625 (2023.. £865.250), the net movement in funds increed from a defKil 0197.718 to sury)lus of £34.548. The totsi fund balance at the 3 1st March 2024 was £1:203,208 (2023.. £1.168.660) ¢omprising of = Unr¢stri¢t¢d fimds Igenernl) Unrestricted funds (designated) Restricted Funds Representing N¢1 Asset5 1.081.132 112.000 1.203.208 The closing bank balance at 3 1st Matth 2024 was £411.14912023.' £306.6271. A de¢ailed review of th¢ fuwi¢ia] position is sho in th¢ Stat¢m¢nt of Fiancial Activities. Reserves Policy The Trustee5 have established a policy whereby the unrestricted funds not commilled or invested in tangible fL¥ed assets (the fr¢¢ reserves) held by ihc Charitv should b¢ three months ofthe 0c¢S expended. which equates to approximatclv £145,000. Al this level. the irustees feel that they would be able lo ¢ontinu¢ the current activities of the Charity in the event of a significant drop in fi]ndin It would provid¢ a lim¢ fram¢ in w'hich it would be necessary ts) consider how ihe funding w'ould be replaced or activities changed. The T¢S have allocat¢d funds io severdl designated fi]nds for specific purposc5' in particular to a fijnd to provide for redundan¢v pa)Thents in the event of closute and a fund 5houkl it be Th¢cessary to ifflproNe or r¢lo¢ate pr¢mises. The clwities reserves are curren¢lv £148,000 which is abov¢ the pr¢feffed level. The trustees CODtinue to endeavor to InCa5¢ th¢ reserv¢s during th¢ next financial y¢2r.
WOMEN'S AID IN LUTON TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 K4RCH 2024 Plans for future periods The charity is commitsed to advancing its 'Building Better Futures Together" strdtegy. aligning with its five 5tr&te8i¢ priorities throughoui 2024125 and beyond. Mediutn-Tertn Financial Stratc The charit! recognizes the impotLqnce of developing a long-tcnn r¢venue plaDniDg approach. The focu5 will be Oll divetsifying thc charity's property portfolio io increase property-related income. alongsidt implementing a robust fid[aiSing strntegy. Accommodation Strate To enhance the availability and qualitv of safe accommodation for iiomen and children fleeing domestic abuse. the charity aims to incre&se the number of refuge units. The chlty will a]so improve ekisting properties to create psychologically inforned environmenrs and explor¢ options for ¢xpandin8 Lts central bub and service delivery. capacity. Workforce Develo mcnt.. Th¢ Charity remains dedicated to enhancing the skills and knowledge of its staff arn4 leadership l¢aTD. This will be achieved by improving access to career development opportunities through a newly developed skil]s ftam¢work. Additionally, the ehariry aims to achieve Investor In People and Disability ConfLdent Employer accrcditation statELS. Service Im rovement: The charity's commitment to improving the quality and effectiveness of its scrvices remains strong and i%ill enhance its governance arrangetnenls by implcm¢niing an organisational SlI1¢¢¢ fraMeork to better evidence its irnpact through improved dats collection and analysis. By seeking r¢-accreditation with Women's Aid EnglaTL(L thc charity will further demonstrate its dedicatton to qua]itv and the importancc of servicc tr feedback in shaping its developments. promoting equity, diversity. and Service Develo men¢: The charity remains focused on expanding amd diversifyino its ser¥ic¢s to address the emerging and wim¢t needs of ils beneficiarics. This w'ill involve conducting needs assessments to identify. gaps in provision. completing a comprehensive asset and stakcholder mapping exer¢is¢, and exploring opportunities for capacity. building and joint projects. The chIly'S refreshed marketing assels and communicaiion STriegy Mryll facilitate eDgagcm¢nt w'ith a Thide range of s(ak-¢hold¢rs. S¢ru¢ture. govern&ince 2nd management The CILarity was established on 18 February 2015 and is gov¢med by" its constitution adopted in December 2012. The Charity and Luton Women's Aid (Charitv Number.. 2682651 entered into a deed of transfer on 31 Dec¢n]ber 2022. Thi5 includ¢d work related to transfetTing the churity's assets and liabilities to the chari with a le. th the Charity operating solel>' Ihroug Womcn's Aid in Lu¢on by 2025. Women's Aid in Luton is regi5tcrcd as a CILarity with the Charity Commission.
WOMEN'S AID IN LUTON TRUSTEES. REPORT (CONTtNUED) FOR THE YEAR ENDED 31 MARCH2024 The trustees who were appointed after th¢ y¢ar Ii¢re: Ms SioblLan Morton s TaheraAanchawan Ms Perpertua Chagonda Nfr5 Anosh¢ Wahc¢d Ms Dionne Nelson Mrs Anne Whalley Ms Laura Jopson Mrs Carina Cyril Ezim'hou Mrs Harshinder HundaL (resigned 27 November 2024 (appoinled 31 May 2023) (appoinbl 26 July 2023) (appoinicd 26 July 2023. resigned 31 January 2024) (appointed 31 July 20241 Th¢ twstees w'ho were appointed aftcr the ye8r end and seTved to the date ofapproval: Mrs Jessica Aikins Ms Lord Mateescu rwls Helen Nisbct Ms Sarnantha Walsh (appointed 25 September 2024) (appointed 27 November 2024) lappoinled 27 November 2024) (appointrd 27 NoveJnber20241 Appointment of Trustees Applications for the post of INst¢e att consideted at the AGM. Trustees co-opted durintr the year have their appointment rdtified at the AGM. Th¢ Trustees continue to review their composition and effeciivenes& There is a continuing need for Trustees who r¢fl¢¢l different culturcs and exp¢riences. The TrusLee5 are xtively secking candideS h0 .111 meet these requiTcmcnts and were successful in recruiting two ncM' TTU5tees this Year. The tllces h0 scEved during the )'ear and up to the dat¢ of signaDJr¢ orth¢ fancial Statemen are shown on the L¢gal Administrative Inforntstion pag¢.
WOMEN'SAID IN LUTON TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 Rtsk Management The TnteeS are responsibl¢ for the management of business risks faced bv the Charity. The systcms of internal control are designed to provide reasonable. Imrt not absolute a55urdnc¢ against material misstatement of loss. They in¢lude: A business plan and an annual budget approved by the Trustrc5. Regular considerdtion by the Trustees or rinoJJcial results. variance from budgeW non- fmancial perfornancc indicators and benchmarkn.ng reviews. Delegation of authoritv and segTegation of duties. Ideniificaiion and management of risks. The Trnstees hllvc in place a forn)al risk management process to &4sess business risks and implemeni risk- management strat¢gic5. This involved identify'ing the types of risks the Charity faces, prioriiising them in t¢rn of poientiai impact and likelihood of occuTTeTh¢¢. and Identifn8 mcans of mitigating the risks. Business risks art idcntificd. assessed and controls established throughout the year. A forn)al review of the Charity'5 business risk management process is undertaken on a periodic basis. A¢l¢ntion has been focused on non-financial risks and in particular. operational issues relating io the use of the Charitys refuges. As the m&jority' of th¢ Charitys funds are derivcd from public bodies. and a5 such are 5ubjcct to changes in local and national government policv, this pr¢5enls the most sigttifjcani fllwicial rtsk lactor. The Trustee5 have a¢cordingl)' allocated contingency funds by setting up a reserves polics and the policv is revi¢w¢d on a regular b&8is b). the Trust¢e5. Organisation The Board of Trustees administer the Charity and me¢t regularly duting the ycar. The Trustees are unpaid volunteers. A Chief Executive oificeT is appointed b}. the Board to manage the dav404a!' opernlion of the Charitv. Trustee indu¢tion and trainlog New Tn15tees undergo ori¢ntatioTh to brief them (m their legal obligations under Charity Law. the conlenl of the COnltUt[0n, derision mak.ing proces% and the recent fmaucial perfomiance of the Charity. During their visit the). will be introduced to memb¢rs of staff on duty and given d¢tails of th¢ sthifing strncture and operational dclivery. They will then be invited to the next Board m¢elin8 ivhere introductions are deali at th¢ beginning of the meeiin& The trusl¢es' i¢port was approved by the BoaTd of Tnjstees. T Aanchawarj Ms T Al¢h&Wall Chrdir of truslees Ms L Mares¢u Treasurer 13 January ?025 13 Januao. 2025 10-
WOMEN'S AID IL¥ LIITON INDEPENDENT EXAMINER'S REPORT TO THE TRI'STEES OF WOMEI¥'S AID IN LIoN I report to the trustees on my examination of the fmancial statements of W¢)men's Aid tn Lulon (the charityl for the year ended 31 frfarch 2024. Responsibillties and basis of report As the trustees of the charity you are responsible for the prcpardtion of tbe fmancial statements in accordance with the requfftrements of the Charities Act 2011 (thc 201 I Art). I report in respect of my exam(nation of thc charffity's fanciat statements carried out uThd¢r s¢¢tioTh 145 of th¢ 2011 Act. In carrying out my examination I hav¢ lolloived all the applicabl¢ Dirgction5 given by the CILarity Cotnmission under Section 145{5)(bl of th¢ 2011 ACL Ind¢peDdent examiuer's statement Since the charitv's gross income exceeded £250.000 }our ¢xamin¢r must b¢ a memb¢r of a bod> lislcd ID Section 145 of the 2011 Act. I confrn that I atn qualiti¢d to undertake the examination beca¢ l a member of JnsiituTr of Chartered AccouThteJ]Is in England and Wales, which is one of the listed bodies. Your attention is drawn to th¢ fact the charitsi ha5 prepad fJnancia] statemenls in accordance withAc¢ounling and Reporting by Chariti¢s pr¢paring their coUnt$ in ac¢ordanc¢ with thc FiaCIal Reporting StsThdard applicable kn the UK and Republi¢ of Ireland (FRS 102) in pr¢feretLC¢ TO the Accounting and Reporting by Chajilies: Sthtement of Recommended Practice issued on I April 2005 which is referred to in the t1 regulations but h&s been Withdra. l understand that this has been done in order for financial statements to providc a true and fair vieTh in accordance with Generally Accepted Accounting Practice effKtive foT reponing periods beginning or after l January 2015. I have completed m! examination. I confirni that Tro matters have come to rnv attention in connection 1th the ¢xamination vino me cause to believe that in any mat¢rial resp¢¢t'. accounting 'CordS were not kept in respect of the clwtiy as required bv sec¢ion 130 of the 2011 Ac¢ or the financial statements do not accord M'ith those re¢ords: or the fin2ncial sthternents do not complv ivith the applicable rcquirements concerning the fonn and content of accounts seL out in the Charities (Accounts and Reports} Regulations 2008 other than any requircment that thc accounts giyc a true and fair viem. which is not a matter considered as part of an independcnt ckiminatio I have no ¢onc¢rns and have Come a¢r0s5 no other matteTS in connection with the examination to which attention should be drawn in this report in o der to enable a proper understanding of the fuwiciai statements to be Teached. Mark Hjertzell B CA HW Assoei2tes Limited Dated: 15 January 2025 11
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WOMEN'S AID IN LUTON BALANCE SHEET ASA T 31 MARCH2024 2024 2023 Notes Fixed 855ets Tangible assets 12 932.141 942.644 Current assets Debtors Cash at bank and in hand 13 8,269 411.l49 18.726 306.627 419.418 325,353 Creditors: amoMDts falling due witbin one year 15 1109,5931 (50.379) Net current a55ets 309.825 274.974 T•tsl assets less current liabili¢1 1.241.966 1.217.618 Creditors: amouots falling due after more than on¢ y¢ir 16 138,7581 {48.958) Net ¥ssets 1,203,208 1.168,660 The funds of the ch*rity Restricted income funds Unrestrictcd funds - g¢n¢ral Unrestricted funds - revaluation Unrestricted fimds - Designated funds 19 21 21 20 10.076 541.465 539.667 112.000 81,506 435,487 539.667 112,000 1.203.208 1.168.660 The fLnarAciai staterneThts w'cre approved bj the trustees on 13 January 2025 T Aanchawan Ms T Aancham'an Chair of trustee5 Ms L Matcescu Treasurer 14-
WOMEN'SAID IN LUTON STATEMENT OF CASH FLOWS FOR THE YE4R ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operatittg aetivities Cash generated frotT]l(absorbed by) operations 114.722 (68,389) Investing Activities Purchase of tangible fixed 85sets (11.827) Ne¢ cash used in investing aetbvities {11.827) FinaueiDg activities Repaymeni of bank loaDS 110,200) (10,507) Net eash used in fInanoing attivities (10.200) (10.507) Net increasel(de¢reai¢) in ea$b and easb equivalents 104.522 {90,723) Cash and cash equivalents at beginnitig of year 306.627 397,350 C2sh grkd easb equivalents at end of year 411.149 306,627 15-
WOMEN'SAID IN LUTON NOTES TO THE FINANCIAL sfATEMENTS FOR THE YE4R ENDED 31 MARCH 2024 Ac¢ouDtillg policies Charity information Women's Aid In Luton is a charitablc incorporated organisation that provides suppotL inforn]ation and t¢mpoxary acco]nmodation for Thomen with or withoul children fferIng domestic abuse. 1.1 Actounting eonvention The financial statements have becn prepared in accordance with the charity's goicrning documenL the Charities Art 2011. FRS 102 '"The Financial R¢porting Standard applicable in the UK and Rcpublic of Ireland". I-FRS 102,1 and itkc Charities SORP"Accounting and Reporting bv Charities". Stat¢m¢nt ofR¢comtn¢nded Practice applicable to charlties preparing their accounts in accordance with the FinclaI Reporting Siarnlard appIlble in the UK and Republic of IreLaThd {FRS 1021" (effective l January 2019). The clwity is a Publi¢ Benefit Enlity as defmed by FRS 102. The financial siaÉ¢ments have departed from tbe Charitics (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This deparnJr¢ has involved folloThtno the Stat¢m¢ni of Re¢ommended Practice for charities applying FRS 102 r&dLer than the version of the Stht¢m¢nl of Recommended Prnciice which is r¢fetTed to in the Regulations but which ILas sin¢¢ been withdrawTL The financial statements are prepated in sterlirA& which is the funcLional currency of the Charity. Monetary aoUnts irj the5¢ fllLancia] statements are rounded to the nearest £. The financial statements have bccn prepated undei the histori cost convention. [mlfIed 10 include the revaluation of freehold Properties and to include investment properties and certaiD financial instruments at fair vaiue]. The principaI accounting policies adopted arc sct out below. ia Going eoncero At the time of approving th¢ financial ststements. the trustee5 havc a aSonable e.Ypectation that thc charity has adequa resources to continuc in operational exillcnce lor the foresethle future. Thus the truste¢s ¢ontinue to adopt the going concern basis of accounting ift preparing the financial statements. 1.3 Charitable funds Unresttied fijnds are availabl¢ for use at th¢ diseretion of the trustees in lunherance of their charitable objectives. Designated funds compris¢ funds which have been set asid¢ at the dis¢retion of the trustccs for specific purposes. The purpL)s¢s and uses of the designated fimds are set oul An the notes to the financial 5tsteTnents. Restricted fid$ are subject to 5pccific Conditions bv donors or grantors as to how they rna. be used. Th¢ purposes and uses of the restrict¢d fijnds ar¢ set out in the notes to the fanC[al sthiem¢Thts. Endowment fun(ts are subject to specific conditions by donoTS that thc capital must be mainlained by the charity. 1.4 Income Income is recogniscd whcn the charity is legally entiiled io li aft¢r any perfonnance conditions have been met, the amounts Can be mea5urcd reliabl. and il is probable that income will be received. Cash don&tions ar¢ recognised on receipL Other donations rccognised once the charitv ha5 been notified of the donatio unl¢ss pertorniance conditions require def¢rrnl of ihe amouni. Income tax recoYeTable in relation to donations received under GiftAid or deeds of covertant is recOlSed at the time of the donation. Legacies are recognis¢d on r¢ceipt or otherwise if the charitv has been notifled of an impcnding distributioL the amount is known. and receipt is expected. If the amount is not known. Ihe legacy is treated as a contingent &55¢L 16-
WOMEN'SAID IN LUTON NOTES TO THE FINANCIAL STATEMENTS (C0Tr4TINUED) FOR THE FEAR ENDED 31 MARCH 2024 Accounting polieies (Contillued) 1.5 E%pertditure Expenditure is recognised once there is a Icgal or construciivc obligation to transfer economic benefjt lo a third party. it IS probable that a transfer of economic beneflts will be required in settlem¢nL and the atnount of the obligation can be mwured reliably. Expendiwre is cla&sifi¢d by tly11y. The costs of each activiry are tnade up of the loul of dir¢¢t Costs and shared ¢osts. including support Costs involved in luertalftg activitv. DiTeci costs attributable w a single aciffivit! are allocated directly to that activity. Shared costs which contributc to morc than one activity and support costs which att not attributable to a single aclivity are aprM)rtioned bcti%ccTh those activities on a basis consisteni with the use of resourccs. Central staff costs are atlocated on the b&sis of timc spenL and dcpicciatioll Clwges are allocaied on the portion of the &sset'5 use. 1.6 Tangible red assets Tangible fixed assets ar¢ initially m&llred at cost and subsequeotIy tnea5ured at cost or valualior4 net of depreciation and any impairment losses. Depreciation is recognis¢d so ¥ to write otTthe or valualion of a&seis less their residual values over their useful lives on thc following bases-. Freehold land and buildings Fixtures and fittings Iyo 5traigbi lin¢ IIYA straighi line i 25•/o reducing balance The gain or Ios5 arising on the disposal of an asset Is determincd as thc differe¢ beteeTh the sale proceeds and the carrying valu¢ of the assel and is recognised in the slalem¢nt of flllancial activities. 1.7 Impairrnent of r]xed sssets Ai ea¢h reporting end date. the charity rcvics5"5 thc carrying amounts of its tanoible assets to detenninc Nihethcr theTC i5 any indication thai those assets have suffered aj) impaimieni loss. If anv such indication exists. the r¢cov¢rabl¢ atnount of the asset is estimat¢d in order to d¢t¢miin¢ the extrnl of the impa]rnt loss lif anvl. 1.8 CA3h and cash equivalts Cash cash equivalents in¢lud¢ cash in hand. deposits held at call with banLs. other short-terni liquid investments w'ith original rnaturtties of thrce months OT les& and bank overdrafts. Bank ov¢rdrnfts ar¢ shown V¥ithin botrowings in cuttent liabilitk¢S. 1.9 FinanciAI instruments The charity h&$ elected to apply the provisions of Section I I 'Basic Financial Instn]ments' and SKtion 12 '0ther Financia] tnstrumcnts Issues, of FRS 102 to all of its financial irjstrnments. Financial instruments arc r¢¢osnised in the ¢hktity's balance sheet when the chaTitv bccoTnes party to the contr2Ctllal provisions of the instrument. Financial and liabilities are offset. with the net amounls prLsenled in the financial statemen, Thhen there is a legally enforceable right to set off the recognised amounts and there is an intcntion to settle on a net basis or to realise the assel and settle the liabilitv simulianeouslv. BasicfinllneI1 asséts Basic financial assets, which include debtors and cash and bank balanees. are iniiiall} measured al transaction price includin8 transaction costs and subsequenil). carried at amortiscd cost using the effective inter¢sl method unless the arrangement constitutes a f]nancing transactio where the transaction is meawred at the present value of the future receipts discounted at a marka rate of intere. Financial assds classified as receivable within onc ycar ar¢ not amortised. 17-
WOMEN'SAID IN LUTON NOTES TO THE FtNANCIAL STATEMENTS (CONTINUED) FOR THE YE4R ENDEIJ 31 MARCH2024 Accounting policies (Continued Bll5icfinanclal Ilttbllltles Basic f¢la1 liabili¢ies, includin8 creditors and bank loans are initiallv recognised at transaction price ur)less the arrangement constitutes a financing transaction. where the d¢bt Instnent is measured at the prcsent value of the future pavments discounted a market ra of interest. Financia] liabilities classified as pav&ble within one yearare not amortised. Debt instruments are 5ubsequcntly carried at amortised cosL using the effective interest rate rnethod. Trade ¢r¢ditors are obligations lo pay for goods or services ihat have been acquired in the ordinary cours¢ of op¢rations from suppliers. Amounts paydble are cl&gsified &s current liabilities if payment is due within one year or less. If noi they are presCJ]ted as non-current liabilities. Trdde creditors arc recognised initially at transaction prt¢e and subsequently measured at amortised cost using the effective tnt¢r¢st Jnethod. DerecogAliloA ofrinonciulliali.rie5 Financial liabilities are derecognis¢d when the charity's Contractual obligations ¢xpire or are dischaJEed or cancelle(L 1.10 Employee benefrt$ The CO of any wius¢d holidaj entitlement is rccogni5cd in the period in which the employcc's services are receii'ed. Tennination benefits are recognised immediaiel) as an eXnSe wh¢n the charity is demonstsably committ¢d to trrminate the emploll¢nt of an emplovee or to provide tern]iDation bencfits. 1.1 l Retirement benefits Payments to defined contributlDn retiremeni benefit schemes are charged an expen5¢ as th¢y fall due. Critical accounting e5tirnates #nd judgements In the application of the chatity's accounting policic5. tb¢ tru5t¢es are required to make judgemenE estiJELates and assumptions about thc caTTving arnount of assets 8thd liabilities that are not readilv apparent frofft other sources. The estimates and associated assumplions are based on historical ¢xpcri¢nce and other factors that are consid¢r¢d to b¢ rel¢vanL Actual rcsulis may differ from these estimates. The estimates and uftderlying assumptions are r¢vi¢Thed on an ongoing basts. Rcvisions to accounting estimates are recognised in the period in which the esiimaie is revised where the r¢vLSLon affe on]y that pETioQ or in th¢ period of the revision and fuwre periods where the revision affects both current and funwe p¢riods. IL¢ome from donatioll5 leglcies Unrestricted funds 2024 Restricted funds 2024 Totsl Unrestricted d$ 2023 Restricted funds 1023 To¢41 2024 2023 Donations and ftS Grants 8.381 25.000 8.38l i15,627 9.058 9.058 445.026 490.627 44i,026 33,381 490.627 524.008 9.058 445.026 454.084 18-
WOMEN'SAID IN LUTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YE4R ENDED 31 Tr£4RCH 2024 Income from Charitable aetiviti Unrestricted funds 2024 Unrestrltted funds 2023 Housing ben¢fJt S¢rvic¢s provided undeT contract 472.503 313,154 Otber incom¢ Unrestricted Unrestricted fullds fund5 2024 2023 OtlLei income 2,662 294 19-
WOMEN'SAID IN LUTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2Q24 Exp¢Dditure on eharitable adivities Total 2024 Tolal 2023 Direct Costs Staff costs Depreciaiion and impairment Renl and rates Water Light and b¢at Repairs and mait)tenance Insurance Other refuge costs TelepE]on¢ Mortwage interest Other staff costs Computers and cquipment Staff travel expenses Client expenses Other otTIce costs Outreach work LA>cals projects 456,062 10,503 79.844 4,242 li,491 61,210 1,311 77.740 1?.662 5,005 44.211 34.959 3.14) 20.631 20,)48 10.140 810 434,890 ,183 62.607 4,263 28.371 53.579 1.008 54.411 li.617 3.546 l5.875 42.474 2,948 3.264 31,769 21,338 6,849 858.514 783.992 Share of support governattee costs (see note 7) Support Govemance 97.951 8,160 76.098 5.160 964,625 86i,250 Analysis by fulld Unr¢stricted funds- gencrdl Restricted funds 402,568 i62.057 332.524 532.726 964,625 865.250 -20-
WOMEN'S AID IN LUTON NOTES TO THE FINANCIAL STATEMENTS (coiYfiNUED) FOR THE YE4R ENDED 31 MARCH 2024 Support CDsts allocated to activities 2024 2023 Legal and professional Accounlancy fee5 Premises uranCe Gov¢man¢¢ costs 39.902 3.797 40.369 I3.883 24,740 6,516 31,874 12.968 5.160 106.111 81.258 Analysed behYeeA= Total 106.111 81258 et moYemeDÉ in funds 2024 2023 Th¢ net movement in fuThds is stated after Chin¥ remunerntion or beneftÉs from the charity durirlg the vear. During th¢ year ended 31 Marth 2024. no trustee &xpenses have been incwred (2023: £NtL) 10 Employets The aiernge monthl> number of employees duTing the Near V¢as: 2024 Numb¢r 2023 Yumber 18 17 Employment costs 2024 2023 Wages and salaries Social security ¢osts (hher pension Costs 417,394 30,637 8.031 397.321 29.861 7.708 456,062 434.890 21
WOMEN'S AID IN LUTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YE4R ENDED 31 MARCH 2024 io Employees (Cootinued) The number of emplo)rcs ivhose annual remunerdtion Mas more than £60.000 is as folloM-5- 2024 Numb¢r 2023 Number Taxatio The charity is exempt Irom taxation on its a¢tivitie5 bccause all ils income is 4)pli¢d for charitabl¢ purposes. 12 Tangible red assets Frnohold land Flxlur6s and and buildings fittings Totsl Cost At l April 2023 932.000 11.827 943,827 At 31 March 2024 932,000 11,827 943.827 Depreciation and impairm¢Mt At l April 2023 Depreciation charged in the year 1.183 1.183 1,183 10.503 9.320 At 31 March 2024 9.320 2.366 11.686 Carrying amount At 3 l March 2024 922.680 9.461 932.141 At 31 Mar¢h 2023 932.000 10.644 942.644 13 Debtors 2024 2023 Amounts falling due TYithKtt one year: Trade debtors PrepaYm¢rtts and accrued income 6,404 12.322 8,269 8.269 18.726 -22-
WOMEN'S AID IN LUTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 L•ans #nd overdrafts 2024 2023 Bank loans 50.008 60,208 Payable ivithin onc year Payable afier on¢ )'ear 11.250 38.758 11.250 48.958 The secured bank loan is secured on provided housing property which has carying net book value of £461.340. The tern)s ofthe security provide forthe lend¢r to claim title to the property in the ¢vent ora default on principal aDd int¢rest payments. IS Creditors: •mounts falling due within Dne year 2024 2023 Notes Bank loans Other t&xation and social securitv Deferrcd income Trade creditor5 Other creditors Accruals 14 11.250 8.578 35.566 35.392 2.881 15.926 11,250 7,748 17 1,744 2.402 27.235 109.593 iO.379 16 Creditors: amonllts falling due after rnore than olle year 2024 2023 Notes Bank loans 14 38.758 48,958 17 Deferred intome 2024 2023 Other d¢ferred incom¢ 35.566 Deferred income is included in th¢ financial stai¢ments a5 folloThs: 2024 2023 Deferred incolne is included within.. Current liabilities 35.566 Movements in the y&2r'. -23-
WOMEIY'SAID IN LUTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Deferred income {Continued} Deferred income at l April 2023 Resources deferred in the )ear 35.566 Deferred income at 31 March 2024 35,566 DefeFTed income Comprises of: Grant- BBC Children in N¢¢d Donation- Luton Women's Aid 50th amniversary 32.427 3.139 3).566 18 Retirement benefit schernes 2024 2023 Defined tontribution s¢hem¢s Charge lo profit or10ss in rcspect of defmed contribuiion schemes 8.031 7,708 The charity operdte5 a defined Contribution pension scheme lor ail qualifying ¢Jnployees. Thc assets of the schcme are held 5¢pardtely fro those of the charity in an independently adminisiered fund. -24-
WOMEN'S AID IN LUTON NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YE4R ENDED 31 MARCH 2024 19 Restricted fund$ The restricted fund5 of the charity comprise the unexpended balances of donation5 grdnt5 held on tn subject to specifLC ¢onditions by donors a5 to they may be used. At l April 2023 IDcoming resources Resources txpettd¢d Transfers At 31 March 2024 LLALL Community tnvesiment Fund BLCF MHCLG Complex Needs Luton Citizens Fund Winter PSureS Progrdmm¢ Funding LBC DHSC LBC Public Hcalth & HRS Shortfall Grant BLCF Laptops National Lottery. Household Support Fund Emergency Fund Mrs Jane Cart's Trust RANK Foundation LBC Children Work-cr VERU 2K Am'ards For All Paradigm Housing Three Oak Trust Thre¢ Oak- Trust15 us¢tsl BBC Children in Need 5.751 (9.949) 42.150 61.850 9.9)3 120.997 167.4161 (4) (163.147) (4.000 18) 61 239 (61) (4.060) 2.179 149 775 147.750 (147.8991 {815) (71.0781 (9.772) (3.750) (S,0) {5.272J (46.2041 (26) (40) 71.078 24.(1(Kl 14,228 3.750 5.000 I i.IKiO 35.(M)O 5.728 11.204 126) 19.999 19.999 1.170 36 25 (105) (1.1701 {361 (251 (32,3221 250 250 (32.427) 81,506 490.627 {562.057) 10,076 -25-
WOMEPJ'S AID IN LUTO NOTES TO THE FINANCIAL STATEMEKfS (CONTINUED) FOR THE YEAR EIVDED 31 .1£4RCH 2024 19 Restricted funds (Continued) Previous year: At l Apri12022 Ineoming resources Resourees expended Trollsfers At31 March 2023 (i) BLCF LLALL Communits. IDvesÉm¢nt FuDd 2022123 BLCF L¢ts Create Jubilee Fund MHCLG Complex Needs BLCF ComtThunity Recovery Fund (Luton) Winter Preassures PrOamme Funding LBC DHSC LBC Public Health & HRS Shortfall Grant BLCF Luton Rising Grdnts Fund Police and Crime Commissionels Grant LBC Household Support Fund Jane Cart Trust Violence and Exploitation Rcduction Unit Grant IVERU) LBC Childrcn Worker Violence #nd Exploitation Reduction Unit Grant (VERL'I Three Oak Trust Paradiw Housing Three Oak Trust15 users) BBC Childr¢n in Need grJJLt for ehildren and young people living in refuges 67,400 5.000 180.997 {69,115) 15.000) (165.0071 5,751 2A160 42.150 15.(KM) 124.949) 19,949) 97.742 (97.681) 113.761) 61 6,239 20.1YJO 20,115 67.750 9.479 187.716) (8.7041 149 775 397 (396) (i) 24.000 12.IKK> 24,000 (12.0(K)I 1.430 11.4301 (li.0461 26,250 11.204 1.490 (1.4901 (1.352) 1.388 36 1.170 25 ,170 564 (5391 13.236 15.198 128.5391 (105) 169.206 445.026 531726 81,506 -26-
WOMEIY'S AID IN LUTON NOTES TO THE FINANCLIL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 fvL4RCH 2024 19 Restrieted fund$ (Continued) LLALL Community lllvestment Fund To employ two part-time staff members to provide speci15rd ref¢Trdl and aesSMent services through the Helplin¢ and email. BLCF To provide support and guidance io BAME women to facilitate infomied decision-making. This enables the Charity lo ¢mploy a BAME Support ol¢cr and seck expert advice to asscss culwrnl sensitivitie5 and d¢v¢lop an EDI action plan. MHCLG- Complex Needs For the refug¢ dedicatcd to s¢rYino the nceds of single women facing complex Theeds. Luton Citizens Fund Funding towards healthv ckIng Workshops and the creation of a food calendar to support chariws fundrdising efforts. Winter Pressures Programme Funding To allow to employ a senior social worker to 5UPPOrt adulis M'ith mentsl bealth prObIell funding the dcliverj of pla). therapy sessions and h¢alth and wellbeing inteTY¢ntions. LutOD Borough Coun¢il - DHSC To allow charity to llpskill exis1i118 Staff mejnbers ornew ones. Thisenables the charity to ¢rnploy a Social tThedia apprentice and upsLill existing member5 of the lcam. Luton Borough Council- Publie Health & HRS shortfall grant Grnil lo fund housing-telaied support seryices for 4 refuges and purchase laptops for¢lients. This technology will empower clients to further their educatio such as by enmlling in ESOL classes or other course5. BLCF laptops To provide laptops for clients to support their educaiional pursuits. such as ESOL cias5e5 and other courses. National Lottery Fund To support cost of living. LBC Household Support Fund To prOlde funding for essential il¢ms to support women items as a part of Thomc stofier pacv for women livin8 the refuge Emergency Fund To provide financial 5UPPOrt for un¢xpected emcrgency cosrs Jane CgrtTrust To fijnd refurbishment cosrs of HOSe E and Hous¢ A. RAIYlk Foundatio To help with th¢ cost4)f-liYing crisis such bv ¢oversng core costs and rising ¢xp¢tJses like fuel and other ¢onsumables. -27-
WOMEN'S AID IN LUTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIVDED 31 fvL4RCH 2024 19 Restricted funds (Continued) Violence and Exploitalion Reduction Unit Grallt (VERU To rcduce the stigma associated with dom¢stic abuse and implement a progrdm dcsigned to increase the self4onfid¢nce of survivots. Awards for All To contribute to the overall iirll-being and prosperity of the community. Paradigm Housing To organise course5 for outrwh and resettlemeni clients. Three Ok Trust To fund the acquisition of Smart Tvs TV bwket& alld printers for use in refug¢5. Three Oak Trust (S users) To purchase appropriatc sport clothing and footw¢ar for SouthAsian ¢li¢nts and enable th¢m to attcnd sport activili¢s. BBC Cbildren (n Lyeed - Grant for Children lld youllg people living IA refuges To provide fijnding for a three-year projectto employ a seniorchildren'5 and familics development officer who will d¢v¢lop and implctnent programs designed to supy)rt children and voung peopl¢ impacted bN. dom¢stic abuse. 20 Unrestrieted funds - Desigmated funds These are unrestridcd funds which are material to the charity's aciiviiies. At l April 2023 At 31 March 2024 Repairs and dilapidation reserve Equipment r¢s¢rv¢ Contrncmal commilmenl serve Key staff Legal funds reserve 67,000 8.000 l2,000 10.000 15,000 67.000 8.000 12,(K)O 10.(M)o 15,(H)O 112,000 112,000 Previous year: At l April 2022 At 31 Mar¢h 2023 D¢51gnated funds 112.OlX) 112,000 -28-
WOMEN'S AID IN LUTON NOTES TO THE FINANCIAL STATEMENTS (CONTtNUEDJ FOR THE YEAR ENDED 31 MARCH 2024 21 Unrestrirted funds The unre5triclcd funds of the chartty comprt5e thc unexnded balan¢es of donations and 8rdnts which are not subjcct to specific conditions by donors and 8fdntot5 as to hom. they may bc uscd These include designated fvnds ivhich have been set aside out of unrestricted funds by the trust¢es for specifjc purEM)ses. At l April 2023 IDeoming resourtes Resources exptmded Transfers At 31 Marcb 2024 Repairs and dilapidations Equipment Teserve Contractual commitm¢nt reserve K¢y staff Legal funds reserve General funds 67,000 8,000 12.000 10,000 15,000 323,487 67.000 8.0 12,000 10,000 15.1)00 429.465 508,546 (402.5681 435.487 539.667 508.546 1402.568) 541,465 539,667 Rei'aluation r¢seri'e Previous year: At l April 2022 Imtoming resourees R¢sources pended Transfers At 31 Marc 2023 Repairs and dilapidations Serve Equipmeni reseryc Contractual ¢ommitmenl res¢rv¢ K¢y staff Legal fund5 rcserve G¢neral funds 67.000 8,000 iiooo 20.000 5.000 333.505 67.000 8.000 12.000 10.000 li,000 323.487 (io.000) 10.000 322.506 1332.524) 445.505 322J06 332.i24 435,487 539,667 Revaluation r¢serve -29-
WOMEN'S AID IN LLTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Unrestricled funds (Contlnued) Repxirs 2nd Dilapidations Reserve A reserve to provide maintenance and updating of the properties occupied by the Charity. Equipment Reserve Areserveto ensure that there is 5uifi¢i¢nt moneyto replace equipment and household fumishingswhen it becomes obsolete or beyond econoft)ie repair. Contraethal Commitment Reserve A reserve to ensure that the Charity is able to cover contracted payments to statr as redundancy provision alld other commiun¢nts that may arise. Key Staff CDsts Reserve A res¢rYe to cover th¢ Corts of filling kcy leadersbip rolts in the Charity. Legal Funds Reserve A reserve to cover the costs wociated with Icase renewals and governance matters. 22 Ang41ysis of Det #sstts behveell fuDd$ Lnrestricted Unrestricted funds fund$ general Desigll4ted funds 2024 Restricted fuDd$ Endowment fullds Total 2024 2024 2024 2024 At 31 M#Tth 2024: Tangible assets Curr¢nt assetsl{liabiliti¢sl Long terni liabililies 932.141 187.749 (38.758) 932,141 309,825 (38.758) 112.¢X)O 10.076 ,081.132 112.000 10.076 1.203,208 -30-
WOMEN'S AID IN LUTON NOTES TO THE FINANCIAL STATEMENfs (CONTINUED) FOR THE YE4R ENDED 31 MARCH 2024 22 Analysis of llet assets between funds (Colltinued) U•restricted Unrestricted funds funds gener%1 Designated fund5 2023 Restricted funds Endowment fund5 Totsl 21)23 2023 2023 2023 At31 March 2023: Tangible assets Current assctsllliabililies) Long Étrm liabilÈties 942,644 81.468 (48.9581 942,644 274.974 {48.9581 I l2,000 81,506 975.154 112.000 81.5(YJ 1.168,660 23 Operating least tommitmenl$ Lessee At the reporting end date th¢ charity had outstanding commitrients for futute minimum lease payments under non- cancellable operating leases. which fall due a5 follows.. 2024 2023 Within onc year 18.400 24 Related pvdrty Women's Aid in Luton IWAILI, a clwitable ineorporated Organisatio is related to Lulon Wom¢n 5 Aid (LWAI by virtue of haYin8 the same Board of TTU5tces. 25 Analysis of th8nges in net funds At 1 Aprfl 2923 Cash flwr4At 31 March 2024 Cash at bank and in hand 306.627 104.522 411,149 Loans falling duc within one year Loans falling due after more than one )car (11.2501 148,9581 (11.2501 (38,758) 10,200 246.419 114,722 361,141 31
WOMEN'S AID IN LUTON OTES TO THE FINANCIAL sTATEmEs {CONTINL'ED) FOR THE YEAR ENDED 31 MARCH 2024 26 Casb geoerated from operations 2024 2023 Surplus for thc year 34,548 {97,719) Adjustments for: Depreciation and impairment of tangible fjxcd assets 10.503 1.183 ovemcnts in working capital: Decrease in debtors Incr¢ase in creditOTS In¢rtrdse in deferred in¢omc 10.457 23,648 35,566 9.220 18,927 Cash gentrated frornl(absorbed by) operations 114.722 (68,389) -32-