Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Company Tegistrdtion number.. CE005452 Charity registration rtumber. 1164047 Women in Wales (A ChJri¢abl¢ Jncorpordt¢d OrgaThisation) Report aud Financial Statements for the Year Ended 30 June 2024 LHP Carni8rthen Chartered CertifIedA¢countants Llys Deri Parc Pellsarn CamiartheTh SA312NF
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales Contellts Ref¢r¢ll¢e and AthHinistrative Dgtails TDJstee5' ReFQrt 2to3 Ind4>dt ExamiDeVs Rcport Statement of Financial Activities B31ance Shee¢ Notes to the Financial Ststememts 7t013
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales Referenee and Administrative Details Ck8irnian Mrs J Major Chartty ReglslralloD Nmber 1164047 Company Regi5trAtlon Nwnber CB005452 The charity is irworated in EnglBnd aTLd WaiES. JCP Solicitors Valky Way Swansea Enterprise Park Swan5¢a Regislered Office SA6 8QP LHP Carmarthe Chartered CertIfd Accountants Llys Deri Parc Pensam Camiartlie SA312NF Independent Examiner Page I
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Walog Trugt£es' Report The truses w¢sent their T¢p¢)rt togdher with th¢ financial stat¢m¢ffjS of the charity for th¢ year eled 30 Jvn¢ 2024. Th¢ IneeS have adopred the ptDvisioll5 of Accounting and ReIrtIng by Charitie& Sthtement of RecoMme]ed Practice 4Jpli¢able to ¢harities pr¢paring their aecoujrts in accoNian¢¢ with the Financia5 Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective l January 2019). Objectives and actiirytles Obietts andozTrLY The ObJtIVeS are lo adva¢ any charitable purpose or the charitable work of any institution in England and Wales for the benefii of children and their families inoludin&- l) The advarttement of tducation: 2) The prescrvation and protection of thc health 2nd wdfarc of children. 3) To aid rvxJh into the pr¢v¢ntion of st¢kn¢5s in childrEn. Objodives, stroleglcs ond ocltv Womell irt Wates is a registered chatity set up as a Charitablt Incorp)tated oan]SatiOn (CE05452) in October 2015 to rois¢ fund5 with an OVeIding aim (0 311PPOrt thaTitI¢s pwvidipg hdp to thildT¢n in EThgtand pnd W¢$. Women in Wales mainly rdises funds through an anjwal luJ]eheon. The filst luncheon was held in 1992 and over the past 25 years the event has generated incorne of mor¢ than £800.000. which has been do¥ ro Save the Children projects in Entrlwd and Wales. The luncheon is now att¢nded by mort ¢han 400 women every year. The trnstees of the charity comprise of a tea]n of dedicated piofe5sionat wi)m¢n wl¥J w)rk thTOIIBhout th¢ y¢ar to owisg th¢ luncheon. This nol only involves th£ fimdraisillB activÉties on the day itscl[ but also seGwing support from corporatEorganisations, who snsOr the cvcnt or advcrtisc in the cvcnt programmc. lbllcbeMeJ71 The charity has had duB rcgard for the Charity Commisston's general Buidance on public benefit when rcvicwing its DbjectiVe5 and Planillg its fvtllrc aetiviiics. The charity meets the public bcneflt ttquiremeRt of relief of thDSB in by re&%on of youth including poverty. ill-heaith. ethln OT any other di$gdvllntag& The trllstees confirm that they h2ve complied with the requirem¢Dts of section 17 of the ChaTitie# 2011 to hAV¢ due resard w the public benefrt sIdance published byihe Charity Cotthrntssion hr Engjand and Wales. GraKI rtaldngpofidLf The trustcts of In Walts IEtaiH total discretion re8arding the application of fiJnd5 and will continuc to stipulate how should be uged by recApients. They may dtcidc to allocatc all fimds raiscd in a fAnaucial ycar to ome recipient or to geveral recipients. depending on s*isfaclion ofthe criteria for supporL The trustees can make ontroff grants but rnay choose to make su¢¢essive grants to CIpIents. Potetttial recipients ate asked to provide infom]ation rewding their projeet andlor specific bjnding requirements by reference to the Grant Making Policy alld by cornplEting and r¢thmin8 the GnAt Atd Request Form. Us¢ of vollliiteers Women in Wai¢s relies on volunteers to organise and nm its events 2nd the el)arity is irnme]Lttty grateffijl to wkn &rive up thgir tirne ill 511PPOrt of Women in W2 Pag¢ 2
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales Trusteesl Report Financial r¢view Poliy on raerves Th¢ trustees aim tD n)ainthin unrestricted free reserves to b¢ abl¢ to organise the next evenl, otherwi all ptoceeds of the lUnChn ar¢ awarded 2$ grdnts to be spent stipulatcd in arEoTdaDEE With the charitable objectives ofwomen in Wales. Strnctyr< governAnee and munagement NalAre ofgovernrng documenl The charity is controlled by its go[nIng Lkjcumellt, thc Eonstitution, and constitutes an Incorporatcd Charitsble Or8atii5ation iegistei¢d on 22 OctobeT 2015 uryth a re8tstettd numFxr of CEtN)5452 Recrnilmenl t7nd opptsiiifpnenl oflrns¢ees Women in Wales is eKJnirolled by tnjstees. who are appointed by the existing Board of Trtte5. Tke trnstets arc ¢harged with goverJw)ce and plan and direct the operation of the charity through manag¢ment con]mittee meetings at which tbcy rnonitor pro8re55 by reviewin8 alld dtscussins income ld eXF¢ndKbJTC and cashflow. Trnstees 8nd officers The Iru5te¢s and oificers serving thirsng theyear Hnd si# the year end wrr¢ as follows: Trnste¢s: Mrs B W Powell Mr5 F Ladbrooke Mrs R Thom&s Mr5 J Major Mrs P Davies Mrs J A James Mrs TM8tsh Mrs K Chv Mrs L Davies S Hate-Qullnt E A HuTley C Davies (appointed 4 October 2023) Miss R L Ball (appointed 7 November 2023) Chaimian: Mrs J Major The 8nnual report w&8 approvedby the trustees of th¢ chgrity on S March 2025 and signed on its behalf by. Mrs Jmajor Chairman and trustee Page 3
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales IDdepeiideDt Examiner's Report to the trustees of Women in Wales ('the Compan) ) I report io the charity rnJs¢ee$ on my cxamination of the xcounts of Women in Wales Icharitable incorw)rated tsrganisatlOTII for the year ended 30 June 2024. lie5ponsibilitie$ and bg$i$ of report As the chcirity's tru5tecs, you are resw)nsible fo¥ the preparation of the a¢¢ounty in accordance with the requirements of the Charittes Aci 201 I Ilhe Act.). Having saiisfied niyself tliat iht accounis of the Charity are noi required 10 be audited urtdei Part 10 of the Companie& Act 2006 and are eligible for independent examination, I report in SPect of my examinalioji of th¢ Charity's aiCOUnts carried out under 5CCtion 145 of the Charitie5 Act 2011 I'the 2011 Act'l. In carrying out rn} examination I have followed the direction5 given by the Charity Commission under section 14515Mbl of the 2011 Act. ldePendent eiaminer'5 statement I have coiiipleted m) examination. I cor*firni (hw no matters have ¢ome to my attention in ¢ottn¢¢tion wsih the examination giving me ¢ause to believe.. acciiuniing records were not kept in respect of Women in Wales as required by section 130 of the Act: or 2. the accounts do not accord with those records,. or 3. the accounts do not compl}. '1th the accounting requirements concerning the foTm and content of accounts set out in the Charit1¢5 (Accounts and Reports} Regulations 2008 other than any requirernents that the accounts giN'e a true and fair i'iew which is noi a inatier considered as part of an independent examination. I have ni) concern5 and have come across other matters in connection with the examination io ithich attention should b. drawi in this report in order to enable a proper understanding of the accounts to be reached. LHP ChanerLd c.ertified Accountants Llyg Deri Parc Pensarn CaTmarth¢n SAI1 2NF 5 March 2025 Page 4
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women In Wales St8tement of Fin2ntial Activities for the Year Ended 30 June 2024 (lllcludiug Income and Expenditure Accounl and Statement of Tot21 Recognised Gains and 1th5es) Unrestricted rund5 Total 2024 2023 Note Income alld Endowments from: Evellts illcome Sponsor%hip income Total incomc 50.799 17.9tID 50.799 17,900 5l,053 68.699 68.699 64.553 Expeudithre on: Raising funds Charitable activities {34J71) 130.000) (34,371) (30,0001 (27,656) (30.000) Total expenditiw¢ Net income (64J71 64 3711 (57.656) 4.328 6,897 Nct movcmenl in fiJnd5 4.328 4J28 6.897 Retonciliation of funds Tatd Sjnds brought fotivard Totsl fjJnds ¢atYied fojwatd 24.611 24.611 17.713 28,939 28.939 24.610 All of the cknprityts activities deriv¢ from continuin8 operntions during the above ttvo periods. The lld$ breakdo for 2023 is shown An note I l. The notes on pages 7 to 13 fonn an integral patt of these financial statements. PJgE 5
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in WAles (Registration number: CE005452) Balance Sheet as at 30 Jllne 2024 2024 2023 Note Current assets Cash at bank and in hand 29,839 (900) 55.818 Credltors: Anwunts falllng due wJthtTh one year 10 (31,208) 24.610 Net 3SS2ts 2(939 Funds of the ehArity: Unrestricted kn¢ome fd$ Unrestricted (und5 21939 24,610 Total tsnds 24,610 The fifjaneial statements on pages 5 10 l3 urre approved by the trust¢ffj and authorised for Issue on 5 Mareh 2025 and signed on fh¢ir behalf by: Mrs J Major Chairman and Tn rs P Davi¢5 TTU5tce The notrs on pages 7 to 13 forni an iniegral partof these fuJan¢ial sr2tements. Pa8e 6
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wa1¢5 Notes to the Financial Statements for the Year Ended 30 June 2024 J Chsrity status The charity is a ¢haritabl¢ InG00[d organisation. illeorporat¢d in England and WHI¢s. The addre55 of its registhd office is: JCP Salicitors Swdnsca Enterprise Park Swdnsea SA6 8QP These financial statements were authorised far Issue by the thJst¢es on S March 2025. 2 A(utIng policies Sllmmary of signlflcaDt accouNdnE poliu¢$ key aecounting estimates The principal ac¢ounring policies applied in the pr4Jllration of thesc financial statements aTe set out b¢low. These w)li¢i¢s have been consistendy applied to all the yegrs pr¢5ented. unless o(herwise stated. Statement ol complian¢e The Iinancial statements have bcen prepared in arrdance with Accounting and li¢kxrting by Charittes: Ststemcnt of Rteommended Practice lapplicablc tr> charities prepaiing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Irelaryd (FRS 102)) (i5sucd in Octob¢r2D19) (tharities SORP IFRS 102)), the Financial Reporting Standard applicablc in the UK and RepubliG of Ircland {FRS 102) Ènd the Charities A¢t 2011. Rasi5 0fpreparAtion Wom¢n in Walc5 nKets the definition of a public benefitentity vnderFRS 102. Assets and liabilitie$ are initially regniSed at historical cost or transtIon Val unle55 otheThise ststed in the relevant accounting policy notes. Golng Concern The (rnsiees consid¢r that there are no material un¢¢rtaintie5 about the charitys abilty to continue as a going conceth nor any significant a85 of uneerfainty that affect the carrying value of assets hcld by the diarity. In¢4Jme and endowrnents Exnd]Ire All expcnditurc is recognised once there ts a legal or consthJ¢ttve obligation to that expenditure, li is probable s¢ttlement is required atbd the amount can bu measDred reliabTy. All costs arc allocated to the applicablc expendicur¢ heading thot aggregate similar costs to that category. Where costs camiot he dittct]y attributed to Parttcular headings they have been allocated on a basis consistent with the use of resources, with ccntrdl staff I CDSts allucatgd on th¢ b&sis of tinie spenl and depreoiaiion charges allocated on the p)rtiun of the asset's use. Other suPrt cost£ are allocat¢d based on the spread of staff costs. Ralslngfuiids Th¢5c are costs ineurred in aftracting voluntary inwnK. the management of InVlents and thos¢ iued in tradin8 activities that raise fi]nd5. Pag¢ 7
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales Notes lo the Financial Statements for the Year Ended 30 June 2024 ClJurilubleodivilies Charitable cxpenditure eomprises ilKtse COSLq incurred by the charity iti the delivery of its activities and seNices foi its E¢n¢ficiaries. Tt includes both costs bg allated directly to sueh adivities and those eosts of a indirect narnre necemry io swjport them. Gr4nlprovisioMs Provisions for grants are made when the intention to make a grant has been eommunic&ted to the reeipieni but there is unc*rtait]ry aly)ut either th¢ liming of the 8talli or the amount of grallt payable. Support costs SuppDrt Costs includ¢ central fvnGIiuN5 and havE bEen allocated to activity cost catC8ories on a basis consistent with the usc of rcsources, for example, allocatin8 property Costs by flLX)r areas, or per capit4 staff sts by thc time sptth and other costs by their u5agc. Taxatlon Th¢ thariLy is exempt from tax on Its eharitsble activities. Cash and cash e4uivalehts C&h and cash EquivalEnts compTiS¢ cash on hand and call depJsit% atld other short-term hishly liquid inveStn(S that are readtly convertiblc to a known amount of cash and are sutkjcct to an insignificant risk of chauge in value. Trnde citditors Trade ¢redttor$ are ob1tlDs io pay for goods or serYiL%S that have been acquired in the ordinary ¢ours¢ of business fiom suppliers. Accounts payable are classified as current liabilities if the chaTity does nut have atl uncollditionai Tight. at th¢ end of the reporting period, to d¢fEr settlement of the creditor for al Ica5t twelve onths after the reparting dak. Jf there is an UOnditIOn right to dcfcr ll1cment fDT at least twelve months alkr th¢ TryOrtIll8 dal4 they are prescnted as naTrcurrent liabililics. Trade creditors arc rccoEnistd initially at th¢ transael¢oh price aDd subsequently measured at amortised cost using thc cffcctivc int¢r¢51 rn¢th. Fund structure urtriCted inrome funds ar¢ general fiuxds that are availablc for al th¢ trustees disCtK)n in furthcran¢¢ of thc obj¢ctLVC5 of the charity. Page 8
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales Notes to the Financial Statements for the Year Ended 30 June 2024 3 Inwme from other trading aelivities Unrestrlcted funds GeffierAI Totsl nds Bvents incom Othcrcv¢nts incomc Sponsorship inrne 50.799 17.900 50.7 17,900 Total for 2024 68.699 68.699 Total for 2023 64 64,553 4 Expendltsre on ratslng funds ) Costs of tradlng aedvltleg Uthrestricted funds GenerAI Totsl 2024 Note Allocated suppon costs 11.747 11,747 11.747 11,747 Unrestricted fund5 Gener31 Total 21)23 Note Allocated supportcosts 10,545 10.545 10,545 10.545 Total 2024 Total 2023 Dlreet eA)$ts Costs ofEtCtittg danationg alld legactes Costs of trading activities 10,544 27,655 10,544 27,655 Page 9
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wal Notes to the FFDancial Statements for the Year Ended 30 June 2024 5 Eiptndithre on charilabl¢ activities Unrestrlcted funds Geheral Total 2024 Note Grant ndIThg ofactivities 30.0( 30.000 30.000 30.000 iTnTatricted fulld5 Gencrgl Total 2023 Note Grant fund(ng of activities 30,000 30,000 30,000 30,000 6 Grantsmskini Ally&lysi5 of grdDt$ Gran(s to instithtions 2024 iU23 Analyslg Sajydy Bear Children Dreams and Wishes Motivc Learn Trust North Pembrokeshire TyHafan Ltd 6.000 7,000 1,000 3.000 5.000 8,000 I,ODO Pcmbroke5hire A Paul Sartori Hosplce SirGaTcth EdwaTd5 Caneer Charity 10,000 19.000 Pagc 10
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales Note5 lo the Financial Statements for the Year Ended 30 June 2024 7 Trnstees remunerxtion 2nd expenscs During the year the charity made the following ts8nsaclions with irust¢¢s.' Mrs P Davles 11 {2023: £480) of exF¢nses were reimlyursed to Mrs P Davits during the year. Mrs Jmajor £Nil (2023: £182) of ex$¢$ We r¢imbur5ed to Mrs J Major during the year. Mrs B W Powell £135 (2023.- £Nil> of exFnses were reimbursed to Mr5 B IV Powell thiriug dieyear. Mrs R ThonJa5 £102 (2023: £Nill of expenses were i¢imbuT5ed to Mrs Ei Thomas during the year. No trustees, nor any persons coftmected with 1C reeeived any remuneration from the ch2rity during th¢ yrar. No trusiees have r¢ceived Bny other bEnefJts from th¢ tharity during th¢year. B TaxatloD The thaTity is a registered charity and is therefore exempt ftom atiott. 9 Casb and ¢ash eqllivalents 2024 2023 Cash at bank 55.518 10 Credltors: amounts fallin2 due within one year 2024 2023 Trade creditors i Accruals 350 30,858 900 900 31,208 Pagell
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women sn Wales Notes to the Fin2ncial Statements for the Year Ended 30 June 2024 il Funds Bal8n¢e 8t I July 2023 IncominE re50urees R¢SOUT¢es expended Balance at 30 June 2024 Unre$¢rided fthid3 24.611 68,699 (64J71) 28.939 Balance at I July 2022 Ineomlng resources Resources expended Bajanee at 30 JuDe 2023 Unrestritted funds Gen¢ral 17.713 64,553 (57.656) 24,610 Page 12
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales Notes to the Finaneial Statements for the Year Ended 30 June 2024 11 Anatysis of n¢1 assets between funds UrtriCted n(L8 Genernl Total fllDds at 30 2024 Currcnt &%stts Curren¢ liabilities 29,839 900) 29,839 (900 J Total nct Sets 28.939 21,939 UnTestrict¢d funds Genernl Tgtal funds At 30 Jllne 2023 Curren¢ ¥sets Cent liabilities 55.818 (31.208) 55.818 (31,208) Totsl net assets 24.610 24.610 13 Analysls of fllhds At30June 2024 At l July 2013 Cash ai bank and in hand 55.818 55,818 Net debt Financing Cash flows At 30 June 2023 At l July 2022 Cash at and iti Iw]d 18,711 37.108 55.819 Net debt 37,108 55,819 14 Rdated party transactlon$ During the year the charity ]nade the following related party transactions: Marsh M#rILefing and Events (Honot7rium for administrativc expenses) At the balance sheet dpte the 8mollnt due tolfrom Marsh Marketing and Ev¢nts was Wt (2023- £Nil). Felicity Jewellers (Advcrtlsing income> At the balance sh¢¢i date th¢ amount due tolfrom Felicity Jewellets wds Wil {2023- £11). LHP AE¢OUntaTJts Ltd (Sponsorship Income) At the balance shcet date the amount due tolfTOm LHP Accauntants Ltd £Nil (2023- £WIl). JCP Solicitors ISp)nsoTship lllcome) At the balance Sheet date the amount due to/from JCP Soii¢itors £Nil (2023 - £Nil). Page 13
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women In Wales Statement of Financial Activities by fund for the Year Ended 30 June 2024 Unrestricted Fullds Tot41 To(41 Unre5trirtsd UnrL¥tri¢ted Funds Funth 2014 2023 Income and Elldowments from: Other trading activities 68.699 64.553 Total incoine 68.699 64,553 Erp¢nditur¢ on: Ratsing fvnd5 Charitable a¢tiviti¢s (34,371) 130,000> 127.6561 (30.0001 Total <xpcnditur Netino)me 64.371 (5?.6561 4.328 6.897 Net movement ift funds 4,328 6,897 Rttonelll#tlort offll*ds Total fidS brought forWd 24,611 17.713 Total fimds caffied fornward 28,939 24.610 This Fdg¢ does not form partof the financial slat¢m¢nts. Page 14
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales Detailed Siatement of Financial Activities for the Year Ended 30 June 2024 Total 2024 Total 2013 Income Jnd Endowment$ from: Other trading artivities lanalysed below) Total income 68.699 64.553 68.699 64,553 Expenditure on: RaisiJJ# funds (8n8lysed b¢low} Charitabl¢ xtivitie5 (anaiysed below) (34J71) (30.000) (27,6561 130.IKIOI Totsl expenditure Net income 64 71 157,6561 4J28 6,897 Net movement in fvnds 4J28 6.897 Reconciliatioll of funds Total fijnds brought forward 24ffj11 17,713 Total funds carried fonvard 28.939 24.610 This pag¢ does not forni part of Ihc statutory financral 5tstements. Page 15
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales Detailed Statement of Financi41 Activities for the Year Ended 30 June 2024 Totsl 21124 Totsl 2023 Otlier Irodillgaclivili Fundraisin&' events Sw]k80rship 50,799 17.900 51,053 13,500 68.699 64,551 Fundraising Costs InSranC Telephone and fax PriTh(in& postsge al ststionery Advcrtising Jndepend¢'nt examillefs fee I£gal and professional fees Card ma¢hinE chaTges (21624) (243) (370) (1.751) 1&214) (750) (150) 269 (697) (1.677) {7,000) {715) 1272) (34J71 (27,6561 Cliurilubleuclivi Gts TrY2b1¢- institution5 (Jo.oDo {30.(KIOI 30.000 130.IMO This pag¢ dges not forni partof the 5talUtory financial statements. Page 16
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Company registration number.. CE005452 Charity registration nwnbet: 1164047 Women in Wales (A Charitabl¢ Jn¢Ory0rpt OTgani5atiDn) AhntM] R4)0rt olld Financi81 Statements for the Year Fded 30 Jwie2024 LHP C8rniarthen Chartered Certified Aountants Liys Deri Parc Pensam Carnarthen SA312NF
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales Contents Referene£ attd Administrativé Detaxts Thts*es' Rl'port 2to3 Ind¢pendeDt BKarniner'5 Report Statement of Financial Activities Balance Sheet Notes to the Financial StatemeftLS 71013
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales Reference and Administrative Details Chalrmgn Mrs J Major Charity Registration Number 1164047 cOmnY Registr81ion N[ber CE005432 The chatity is It))0ratCd in Engl8ttd and Wales. JCP Solicitors Valley Way Swansea Entetprise Park Swansea Registertd Offite SA6 SQP Indppendent Examiner LHP C8nnarthcn Chartercd Ctrtifted ACUntants Ltys Deri Parc Pensam Camiarth SA312NF Page I
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales Trusteesl Reprjrt The tntstees pres¢nt their report together with the f]J]ancial statern¢nts of the chlty for the y¢Ar ended 30 June 2024. The tn]stees have adopted ihe provisions of Accounting and Reporting by Charitie5: Statelllert of R01mended Practice applithle to dtaritics prepariThg thEir accoutrts aEcotdanE¢ with the FinanEial Reportin8 Standard appli¢abl¢ in the UK aud Republic of Iland (FRS102) (effective l January 2019 ObJectIv and a¢tithe5 Objects rTnd Th¢ objcrtKv¢s are lo advall any charitable purpose or the eharitable work of atry ittstitulton in Englattd and Wales for the benefit of children and their families includins-.- l) The8dYaKement of education. 2) Th¢presemlion and PToleclion of the health and welfare of children: 3) To aid research into the pr¢vention of sickness in Children. 0biec1iv, slrolesi£F Gxdaclivili2F Women in Wales is a r¢gistEred tharity %t up as a Charitabl¢ IncoryM)ral¢d Organi98tion (CE05452) in October 2015 to raise fid5 with an overriding aim to support chariiies providing hdp to children in Englond and Wales. Women in Wale5 mainly raises funds tIoll annual luncheon. The fll5t lunEhcon wa5 hEld 1992 and ovcr the past 25 yS the event has genetated income of more than £800,000. whith has been donated to Save (he Children projects in England and Wale5. The lunc1 is Jjow atten4kd by mQT¢ than 400 ivomen every year. The ttwtees of the (*arity comprise of a team of dedicated professiortal women wlx) wotk throughout the year to organis¢ the IwKh¢DJJ. This noi only involves ih¢ fundraising activities on the day itself. aisu sec18 support from coryarate organisation& who srAinsor the event or advertise in the event Programme. Pubfic bÉnefJl The Chlty has had due regard for the Charity CDnllnisstoD's general guidance on public benefii when reviewing its objectiv&s and planning its futsjre activities. The charity meets Ihe pllblic benefit requirement of reixef of those iti need by r0 ofyouth including poverty. ill.h¢alth, edu¢a¢ton or 2tLy Qther disadvalltagE. The trustr£5 confirn] that they ljave complied with the tewiremtnts of section 17 of the Charities Act 201 I to have du¢ r¢gard to the publtE bettefrtguxdan pubjishtd by th¢ Charity Commisston forEnglond and Woles. The tnistees of Women in Wales retsin total discretion regarding the Appllc&tion of funds and will continue to stipulat¢ how funds should be used by recipients. They may de¢id¢ to g4llocat¢ all ndS raised in a financial year to one recipient or ro s¢v¢ral Tecipients. depending on saiisfadion of the criteria fw receiving 511PPOrt. Th¢ truste¢s can moke one-off grattts but may cheKTrse to make successive grant5 to recipients. Potcntial recipicnts are asked to provid¢ infonllstion repding their project andlor spteific fijttding ttquitetnents by ttfettncc to the Grant Making Policy and by completing and trnIng the Grdnt Aid Request Fonn. Use 0fv0theuS Women in Wales relies on voluntccrs kn orEanist al tUD its ev¢nts and the charity is immensely grateful to ail Lryve up their time in support of Women in Wale5. Page 2
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales Trustees. Report Fillanti•l review Policy rdferv Th¢ frnstees aim to maAThtain utuestricted fre¢ reserves to be able io organise the next event Otherwise all proce¢d5 of the lulloheoD are awarded as gtants to be speni as stipulated in accoTdance with the charitable objectives of Women in Wales. Structurey governante and management Nalure ofgoverning docuTrtenl Th¢ thaTity 15 controlled by its govuning documenL the constitution. and constitute5 an Incorporated Charitabl¢ Organisaiion registered on 22 Oc(ober 2015 with a regisiered number of CE005452 RecruigmtNt &ndoppoiiitmeHeDfirus1 Women in Wales is Eontrolled by trustees. who are appointed by the exiyting Board of Truste¢5. The trustees are charged with govetnance and plan and direct the operntrDn of the charity through managemcnt commitle< meetings at which iliey monitor progress by reviewing and discussing intome and ¢XFtnditUTe and cashfiow. TSteS snd offtcers The tnteeS and officers saving during the year and since the year endwett as foll%Th& TTUSte¢s.' Mrs B W Powell Mrs F Ldbrko Mrs R Tl¥Jmas Mrs J Major Mt5 P Davies Mrs J A James Mrs T Marsh MTS K Owcn Mrs L Davies S HalEQuant E A Hurley C Davies (appoinied 4 Ociokr2023) Miss R L B[ lappoiDtcd 7 November 2023) Chaimian: Mrs J Major The annual rep)rt was approved by thstrnitees of the tharity on 5 March 2025 and signed on its behalf by. Mrs J Major Chairn)an and tru5tce Poge 3
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales Independellt Examiner'5 Report to the trustees of Women in Wales ('the Compydny,) I report to the charity trustees on my examirjation of the xcounts of Women in Wales (charitable incorporated orgaoisation) for thc yczr ended 30 Junc 2024. Regponsiblllttes #nd basls of rep)rt As the tharity's tNstees. you are respollsible for the preparation of the accounts ITh aordance with ihe requlrements of the Charitl¢s Act 2011 ('th¢ A¢iJ Haying satisfied myself that the aceounL4 of tbe Charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for iTrd¢pend¢nt ¢xaminalion, I report in tespecl of my examination of the Chuity's acEoutLts catri¢d out ullder 5CEtion 145 of thE Chariti¢5 Ad 2011 CthE 2011 kne). In carrying out my examination I have followed the directians given by the Charity Ctsjnmission ll[¢r section 145(5)(b) of the 2011 Act. Independent examiner's statement I have completrd my examinton. l o)nfmn that no matters have come to my attentian in connection Hryth fh¢ examination giving me cause to Et11 accounting iecoTds were noi kept itt tespeet of Women in Wal&% as required by secuan 130 of the Acr or 2. the accounts do not accord with those r¢cords' or 3. the 8cc4)unts do ntst eompty with ihe aceounting requirements conceming the fomi and cont¢nl of accounts set out in the Charities (Accounts and Reports) Regulaiions 2008 other than any requtrements that the accounts giv¢ atrue and fair view which is not a matter considered &£ part of an independent examinatio I have no coneerns and have come across no other matters in c4Jnnection wlth the examin21iott which tention should be drawn in this report in Order enable a proper understanding of the aOunts to be r¢ached. L,uR LHP Chartered Certified Accountants Ljys Deri ParG Peosa Carrnarlhen SA312NF 5 MaT¢h 2025 Page 4
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales Statemellt of Financial Activities for the Year Ended 30 June 2024 Uncluding Income and Expendilure Aeeount alld Stalemellt of Total Recognised Gains and Losses) Unrestricted fundg Totsl 2024 Totsl 2023 Not¢ Ineome And Endowment$ from: Events ineome Sponsorship incom¢ Tatal incomc 50,799 17.900 50,799 17.900 51,053 68,699 64,553 Expeuditure on: Raising funds Charitsble activities {34,371) 130.000) (34.371) (30,IMO) {27.656) 130.000) Total ¢xpBnditsr¢ Net 1come 64J71 57.656 4J28 4.328 6.897 NEt movgmEnt in funds 4J28 4.328 &897 Reconciliation of funds Total funds brought forward 24.611 24.611 17.713 Total funds Cgrried fonvard 28,939 28.939 24.610 All of the charity's activitiES (kriye from continuing operations during the above two perio&. The fjjnds breakdoivm for 2023 is shown in not¢ I l. The notes on pages 7 to 13 form intesral part of these financial ststements. Pag¢ 5
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wal& (Registration number: CE005452) Balance Sheet as at30 June 2024 2024 2023 Not¢ CurreDt assets Cash ai baftk and in hand 29.839 55.818 Crtdltors: Amouhts falling due wlihkn ODe year 10 (900) (31,208) 24,610 Nel 28,939 Funds (trf the Charity: Unrestrleted Sncome funds Unreslrictcd funds 28939 24,610 Tot funds 28.939 24.610 Th¢ finan¢ial statements on pages 5 to 13 yrre approved by the tnjstees, and authorised for issue on 5 Mor¢h 2025 and signed on their behalf by.. Mrs J Major Chaim]an and Thstee Mrs P Davies Trusiee The notes on poges 7 to 13 forni an intsgral part of the5¢ financial slatem¢nt& Pag¢ 6
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales Note5 to the Financial Statements for the Year Ended 30 June 2024 I Charity stsitus Th¢ thaTity isa charitable incoOrated org8nisation. incorporated in Eng]and and Wal¢3. The addre55 of its regisler¢d offtce is- JCP Salicitors Vallryway Swansta EttteTprise Park Swansea SA6 8QP These financial statements were 2llthorised for issue by the tr¢stees on S March 2025. 2 Accounting policies S)Jmmary ofslEDlllcant accoulltlng poll¢l¢s 4nd k¢y accounting estimates The prillcipal accounting policies applied in the preparaiiort of thtt%e financial statements arc set out below. These policies have been consistendy applied to all the years presente<L unless oth¢Nise stated. Stlltement ofcompli#nr¢ The financial 5tatemetkts hav¢ bEWL ppad in accordallce with Accounting and Reporting by Charities.. Statement of Recommended PrKtice (applicable to chariti¢s pieparing thEir accounts ill accordance with the Finamciai Re]x)rtinB Sts]ard applicable in the UK and Rcpublic of Ireland IFRS 1021) (155u¢d in October 2019) (Charities SORP (FRS 1021). the Financial Reporting Standard applithle in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. Rasis of prep3rAtion Women in Wale5 meets the defjnition of a public benefitethtity und¢T FRS 102. Assets and liabilities are ini¢ially re¢ogThi5ed at historical c4)5t or trdn5action ¥u¢ unless lrtheNise sthted in the relevant accountsng policy notes. Golng eoneern The trustees consider that Ih¢r¢ no makrial uncertainties about thc charitys ability to continue a8 a going etjncern rtor any siunifi¢ant ar¢35 of uncertaifftty that affectthe wrying value of &4scts held by the charity. Incame 2nd endowments Exptnditurt All expenditurc 15 fccoBni5ed once there is a legal or constrttetive obligation to that expenditure. li is probable sEttlement is rtquirtd and thc ar0[t can be mc&surcd reliably. All costs ate allDEa(ed to the app1]ble ¥penditure heading that aggrcgate similar costs to that category. Whtre tosts cannot be direct]y attributed th particular headings they have been allocated on a basis consistent with the use of resDurce5. With ten1 sthft sts allated on the blS of time spenL and deprecialion clwges allocated on th¢ portion of the asset's use. OthEr supp(trrt costs are allocated based on the spread of gthff ¢osts. Raisingfiimds These are costg ittcuryed in attracting volunW income, the manwm¢nt of investments and thos¢ Iurred in trading aclivities that raise funds.
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Walos Notes to the Financial Statements for the Year Ended 30 June 2024 Cht7ritable 4clii¥¢i Chariuble ¢xpendinwe comprises those costs incutred ty the charity in the delivery of its 2ctiviiies alld services for its ficia[1¢s. It itlcludcs Ix>th costs that can be allocated direcily to such activities and tlK)s¢ costs of an indirect Daiure nec£ssary to support them. Gramlprnvtslons Provi5iolls for grants are nde when thB iThteThtioll to make a grant ha5 bren wtllmLULicated to the recipient buf th¢tt 15 uncertainty about either the timin8 of the 8M]t or the amount of grant payablc. Support costs Support costs include cmtral functions and have been allocated to activity cost cotegories on a basi5 consislenl with the usy of resources. for exampl4 allocatlng property ¢osts by floor areas. or per capits. stsff costs by the tima speftt aThd other Costs by thelr usage. T27ation Thc charity is exempt frym tax on its Kharitsblc activitic& Cash And eAsh equlvAlenls and cash equivalent5 comprise c&sh on hand Call deposiw and other short-iern7 highty liquid investmaits that are readily wnv¢rtibl¢ a knowi amount of cash and are subjeci an iAsignific2nt risk of change in valu Trnde creditors Trade creditOT5 are obliwations to pay For goo¥is or scrvices that have been aCqUid in the ordinary course of busintss fmm suppliers. Accounts pay&blc are classified &8 current liabilities if the charity does not h&ve gj) uncondirional iighL Ai the end of the r¢portillg p¢riod to d¢fer settlement of the clediwr for at leam twelve months ufter the reporting date. If there is an unconditional right to defer settlement for at lea81 Th¥eJve months after the reixjrting date. they are presented &£ non-cwrent liabilities. Trade creditOT5 are recognised initially ai the transaction price and sub5eqllently mcasurcd at amDrtised cost using the effettive interest method. Fund $trneture UnTestric*d incijme fund4 are general ffimds tlllt are available for use the trnstees discr¢¢ion in fvrtheranrK of the objectives of the charity. Page 8
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women In Wales Notes to the Financial Statements for the Year Ended 30 June 2024 3 Incon from other trading activities Unrestritted funds Genernl IndS ETts income" OtheT ¢veThts income Sponsorship income Totsl for 2024 50,799 17,900 50,799 17.900 68,699 68.699 Totsl for 2023 64.553 64,553 4 Expendlture on ralslng fund3 a) Costs of trading activitses Unrtstriettd fund$ General Total 2024 Note Allocated support St8 11,747 11,747 11.747 I l.747 Unrestrleted funds General Total 2023 Note Allorata support costs 10.545 10.545 10.545 10,545 To1 2024 Totsl 21123 Dlrect costs Costs of generating donations and legacies Costs of trading activities 17,111 10,544 10,544 27,655 Page 9
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales Notes to the Financial Statements for the Year Ended 30 June 2024 5 EXPendits on chaiitable activitxts Uurestrictrd runds General Totsl 2024 Note Grant funding of activilies 30,000 30.000 30.000 30,(H)O urtricted funds General Total 21123 NDte Grant ndIllg of activities 30,000 30.000 30,(rfJO 30.(0 6 GrAntsmakkng Analysis of grAnts GrAnts to institutiDn5 2024 2023 Amalysk Sandy Be2rChildren DreAms alld Wishes Motive Learn Trust North Pembroke5hire Ty HÈfan ikd Pembrokeshire A8r Paul Sartori HDspice Sir GaTeth Edwards Cancerchaiity 6,000 7.000 1,000 3,000 5.000 8.000 I,OOD 10.000 19.000 3Q.000 30.000 Page 10
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales Notes to the Finanelal Statements for the Year Ended 30 June 2024 7 Trnstees remuneratton and expeJJses Lxwing the year ike chariry made the following trdlL%actions trnstees: Mrs P DRvies £Nil12023: £480) ofexpenses w¢r¢ r¢1Mbued to Mrs P Davies durin. t3 J Major £Nil {2023: £122) of ¢xpens¢s re reimbursed to Mrs J MOr duringthe year. Mrs B W Ptswtil £135 (2023.. £Nil) tsf ¢xp¢nses were reimbursed to Mrs B W Powell during tlic year. Mrs R Thomas £102 (2023.. £Nill of expenses tTe reimbursed to Mrs R Thom&q during the yegr. No trust¢¢s. nor any petyons connected wtth them. hav¢ received any TetmJnprdtiDn from the tharity during thc year. No trustees have received any other benefits from the chority during the year. thE year. 8 Taxation The charity is a registered charity and is th¢refott exempt from t&tiOn. g C&sh and cHsh equlv&lents 2024 2023 Ca8h at bank 29.839 55.818 10 Creditors: amouDts falling dlle witliin gne year 2024 2023 Trade LY¢ditors A¢¢nlS 350 10.858 900 900 Pagell
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women In Wales Not to the anCIal Slaiements for the Year Ended 30 June 2024 11 Funds Balance 2t I 2023 Incoming rtsourtes Re50urcts txptDded B812nc¢ at 30 Jllne 1024 UnrL%trlctLKd General 24.611 68,699 (64J71) 28,939 Bal8nce8t I 2022 Ineomlng resourtes Resourees expemded Malgnc¢ At3D Jvne 2023 Unr¢5tritted fllnd5 Gengrat 17,713 24.610 Page 12
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales Notes to the Financial Statements for the Year Ended 30 June 2024 12 Analysls ofntt assets between funds Unrestrieted runds General Total fllnds #l 30 June 2024 Curr¢ni ass¢ts Cuir1 liabilities 29.839 900 29.839 (900) Total net ass¢ts 28.939 28.939 Unrtstriettd funds GenerAI Total hnds At 30 June 2023 Cunent etS Currcnt liabilities 55.818 131,208) 24.610 55.818 (11208) Totsl net ass¢ts 24,610 13 Analysls of ne( funds At 30 Jlltte 21124 At l 2023 C&%h at ballk 2nd in hand 55.818 55.818 N¢t debt 55,818 Finaijeing cash flow5 55.818 At 30 June 2023 At l July 2022 Cash atbank ar in hand 18.711 37,108 55.819 Net debt 1&711 37.108 55.319 14 RtlalEd party trAL5aCtItstss During the ycar the charity madc tlie folloiving rdatcd paty tra¢tiOns. Marsh MArketin£ Events (HonoraTium for administrative expenses) At the balance Sheet date the amouttt dut iolfrom hlarsh Marketing and Bvertis ¥vas Wil (2023- £1]). Felldty Jewellers (Advertising income) At the balance shed date the amount due tolfrom Felieiry Jewtllers £Nil (2023- £Nil). LHP Aceou]Jtsnts Ltd (Sponsorship Income) Ai the balance sheet datethe amount due tolfrom LHP Accountants Ltd was £Nil (2023- £Nil). JCP SolicitUT5 (SpoOrshiP Incomc) i At the balancc shctt date the amourt due b/from JCP Solicitois was £Nrl (2023- £Nil). Page 13
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales StAtement of Fln2neial Activities by fund for the Year Ended 30 June 2024 Unrestricted Funds Total Totsl Unrestricted Unrestricted Funds Ftjhds 2024 2023 Ineome and Elldowments from: Other trading a1VitieS 68.699 64.553 Totsl 68.699 64,553 Eipendlture on: Raising funds Charitable activities (34.371) 30,000) (27.656) (30,000 Totsl ¢XPeEituTe (64.371 57.656 Net income 4.328 6,897 N2l movem¢nt in fllnds 4.328 6.897 Retontiliao of fullds Tofal ffiJn&s brought fon¥ard 24,611 17.713 Total fullds carried fonyard 28.939 24.610 This page does not pth of the statutory finame1 statements. Page 14
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales Detalled Statement of Financial Activiti&s for the Year Ended 30 June 2024 Totgl 2024 Total 2023 Inrorne 3nd EndoTrYrnents from: Oth<T ttading aEtivit1¢5 (aualysEd below) 68,699 64.553 Total income 68.699 64.553 Expendithre 0. Raisivg fimds lanaiys¢d below) Charitablc activities (anatysed below) 134,371) 30,0001 (27.656) 30.000 Total expendirnre {64.3711 (57.656) Net Income 4,328 6397 Netmovement in funds 4,328 6J97 ReconciliAtio]J of funds Total funds brought forward 24.611 17.713 Total funds carried fotwanl 28,939 24.610 This pagc does not Eonn part of the Statutory finarteial statements. Pagc 15
Docusign EnvelopÈ ID". F06C07E7-ODDE4D88-BD87-A583AC76F180 Women in Wales Detailed SÉatement of Financial Activities for the Year Ended 30 June 2024 Totsl 2024 Total 2023 Otlicr Irudiiig arlivili Fundraising events Sponsorship 50.799 17.900 51,053 13,500 68.699 64.551 Roisingfuiidf FldraIsing costs Insurdnce Telephone and fax Printill& Postage and stattonery Advertisin- Ind¢ndertt ex8minerf5 fee Le£ and professionat fees CaTd ma£hitLe charges (22.624) (243) (370) (1.751) (8214) (750) (150) 269 (697) (1,677) <7,000) (7151 (2721 (1841 4J71 Cliurii4ble ¢d¢vili£ GTants payable- institutions (30.000) 130.000) 30.000 This page does not fomi partof the stattrtory financiat statements. Pase 16