REGISTERED CHARITY NUMBER: 1169976 nofthc t¢es and Financial Sttt tsfoTthe 31 202 Rowl1D Rainbow & Company sn New Road Radcliffe Greatcr Manchesler M26 ILS
men ofw hairnian's R ort or the Year End¢d 31 March 2023 Intrduction The trustees of WomeD of Worth {WoW) present their rq)ort for y¢ar ending 31st March 2023. The fjnallcial ststements hav¢ been prepared in accordance wilh the aCcotIng policiu set out I note on¢ to the financial 5tst¢rnents and comply with the cbarity's Constirntion and the Charities A¢t 2011 and "According and Reportjng by Charities.. Stat¢ment of Recommended Praetic¢ applicable to chariti¢s prepanng their a¢counts in accordance with the Financial Reporting Standard applicable in the U.K a1 Republic of Ireland (FRS 102)" (as Ided for aecouT>ting Perioth Commencing from l J8nuary 2016) Chairfs Rq)ort l arn pl¢a5ed to act as ¢hair for thi's cwrent and date. and report OD the activities. achievements and perfornwkces as follows.. The Wom¢n of Worth clwity was re8iStered on IM Novenknr 2016 w ¢Otttinu¢ the exc¢llent work started in e8Tly 2016 as a non-pmfit organisation. The last twclvc months we have seen an increa8¢ of the numbers of vubJeAable women presenting from the NHS, Memtsl H¢alth Seryices, Probatio Police. and lo¢#1 communiry group$. This appears to be again# a backdrop fitsan¢ial hardship caus¢d by the curreni ¢¢ODomic climare affecting the cost of livin8. We hav¢ responded to this increased need by providin8 more food and tntial itetN8 packs. In additio we ar¢ working in parttiership with other Se1¢¢$ such as food banks to link our women io local venu¢5 where they can access Tesources. W¢ have responded to the Cost•of-livmg LYiSi$ by faciliiatin8 Cost of living %ssions in both onc-to-one settings and groups. We und¢rtake benefit cheek8 io ensure that womcn ir¢ re¢eiving the correct b¢ncfits, we provid¢ infonnation on b¢n¢fits including the Gov¢rnmcnt's Cost of Living paJinen(s and SlBttPOSt th¢m to where they can help with ¢laiming, for examplc Citl7.¢ns Adwce. We have also focused on saving money on energy iti¢luding 5¢S5ions on 'H¢a¢ the Human, Not th¢ Home, and providinB Bclly wam)eV packs. To promo¢ financial resilienee for women Interced in b¢¢0mU selfw10 we also facil1¢at a course on how to start your ovm busine$$. Raised public iwarcness about th¢ impa¢1 of Menopause and the pl¥nned changes lo eJnplonl law, encourag¢d us to stsrt developin8 IiTths to relevant services and to start plannin8 provision of awar¢ness sessions ai the Centre. An inerease in referrals from women experiencing donwri¢ abuse, has led to us puttin8 ott more 8roups such as the New DiTections Programmc. We ntinUe to work closely with partnership ag¢n¢i¢s for example SafeNeL IDVA, and Victim Liaison to offer knap around, support for su¢h ¢lieDts. For all wom¢n wlKTr use the Centre we eofttinu¢ to maintain and develop link5 with services su¢h as Hou5in8 and Bury LiviDg W¢ll Service ensur¢ they access support to m¢¢t their needs. We were s¢¢$5fi in acquwiti8 fundll4 including the National Lottery (Conllbunity Fund) in 2020 whieh 13 now in the flnal year. We seeur¢d funds of £2000 from Irwell Valley and an additional £2000 from Six Town Housing. In addition. we a¢quued funds of over £2000 from PRich funding. Funding receivcd from dottations included from loeal councillor5. Over the next year w¢ will be identi.n8 more fulin8 oppomjnities and pursuing bi¢ls. In addition. w¢ h4ve expanded our self-fvnding activities attending craft fairs and events such as 'pop up, shops wthich have provided an opportunity to make money frorn th¢ sal¢ of lten Created by th¢ women as part of our prograrnme of therapeuiic well-being. Such entS also enabled us to Taise aYArene&* about our clwity and network Ov¢r the year we have raised an excess of £2,5(10 from these acttvities. We continue our involv¢ment with GMWSA (Greater Manchester Women Service AUi2nce), and we are pleased to say that the contract was renewed. The contract includes continued provision of edS assessmenL support planning and int¢rv¢ntions for women who attend the Centre who are in the crimitydl justice 5y5t¢m. The continued work includes pr¢Ycntstive work by ¢n8aging clients with th¢ n$1 appropnale services and spOrt. S¢rYi¢e user feedback acquired by completion of the satisfaction qu¢stionnaire con)pleted by wom¢n shoThm below. Service User Feedback (taken frorn {eStiOnnaire} April 2022 to March 2023 Feedback collected Percenta8e Oyerall servi¢¢- Very Satisfiedl Satisfied? Page I
Women fworth Chairnwi, Re ¢ Year Ended l March 2023 Ninety-six perwht we)r very satisfied. Four p¢ent satisfied. The person SUPWTrrting theL - Very Satisfi¢dlSatisfi¢d? Ninety-three percellt wer¢ very sats"sfi¢d.- 6.5/0 were satisfied. Understanding of needs- Very Saiisfiedl S8tisfi¢d? Nin¢ty-fivc percent very satisfied. Five perc¢nt 54tisfied. QualÈtstive Feedba¢k Below ar¢ ¢omments from women (from th¢ que8¢ionnaire} u8itig the 8ervic¢ about th¢ir ¢xpcrience of the s¢¢. "A wonderfijl service they understood me and helped me get my hea¢trbTain in gear. My life i3 now back on traek. I had bad start to last year and ¢v¢tyhing weni Wrong they helped g¢1 thin8S Sorted." "Good level of support and advice regulw merfings Thvi¢¢ a weck and extra s¢s5ions when needed. I have been r¢f¢rr¢d to training courses wthich have hel me change carccr.. "Lislens (the p¢rson supportin8 mel h¢lpful. 8ives tiTfK goes of her to h¢lp.' Our goa18 in the cotning year are io continue ¢0 maintsin the exa¢ling standards of servi¢¢. We are lookin8 to develop the service delivery with CiiizeN4 Ad'¢e to r4)0[ to the increasing n¢¢d for debt advice. Since the restrictions of COVID w¢ arc also Icx)kll to i¢introduce well-being therapies at the Centr¢, so will be pursuing available fijnding. I wish to uy a huge thank you the Tntees. staff and volunteers for their outstandin8 work and ¢onmiittnent over the last 12 months. I wani io ex¢cnd this to the A¢¢ountant and the Bookke¢p¢r. Pago 2
Women f Worth ort of the Ttwtees Ended 31 March 2023 for Th¢ trnstees present th¢ir report with th¢ financial stsiements of the charity for the yeaT ended 31 March 2023. The tNstees have adopted the provisions of Acc()unting and Rew)rtitig by Cbariti¢s.' Ststemellt of Re¢ommended Practice applicabl¢ to charitits preparing their aecowits in accordan¢e with the FinarKial Reporting Standard applitablc in the UK and Republic of Ireland (FRS 102) (offective l JalluAry 2019). STRucfuRE, GOVERNANCE ND MANAGEMENT Governlng document The charity is controlled by ity governin8 docuw a deed of trust aA constiDj 4D unincorpiraied ¢harity. REFERENCE AND ADMINISTRATIVE DETAILS R¢gl$ter¢d Cbarity nujthr 1169976 Prlnclpal addre Bridg¢ House, 5-9 Stand Lane Radcliffe Mallch¢51er M26 INW Trujteey Mrs H Pery TreA$ur¢r Mrs G Williams Tntte Mrs D E Giama8 Treasurcr Mrs N S Harries Tn1¢¢ Ms S Moran Chair Indep¢tsden¢ Examlner David A Rainbow Rowlinson Rainbow & Company 517 New Road Radcliffe Greater MaTh¢Ster M26 Its B*nker$ Lloyds Bank PLC l Legg Strc¢i Ch¢lm5ford CMI IJS Approved by order of the board of trustees on... .. . . and si8ned on its b¢half by: Mrs D E Giamas- Trnstre Page 3
Inde endent Examiner's R Women of Worth rt to the Tntres of Independent examlner'$ report to the tru51tt5 of Women of Worth I report to the charity tjijsiees on my examination of the accounts of Women of Wortll {th¢ TntI for the year ended 31 Marth 2023. Responslbllltles and b*$ls of report As the chariry trn$tees of the Trnst you are respo4]ble for the prepardtion of the accouDts in accordance with the requirem¢nts of the CharitiC5 Act 2011 {'the Act,). I report in r¢spect of my examination of the Tr1,5 accounts carried out under Section 145 of the Act and in ¢arying out ttry cxamination I have followed all applicable Directsons given by the Ch"ty Commission uttder Section 145(5llb) of the Act. lThdepeDdeDt examlner'$ $t#tsment I have Completed my ¢xamination. I confiTm that no mai¢ri#l matters have com¢ io my allention in conn¢ction with the examitiaiion givin8 me cause to Ixli¢ve th&t in any mlterial respeei.. ateounting records were noi k1 m respeci of the TThst as requtred by S¢¢tion 130 of the A¢t" or the accounts do not accord with those r¢cords.' or th¢ a¢¢ounts do not comply wilh the applicable requirements concerning th¢ forni and conw)t of ¥¢¢ounts set out in the Charities (Ae¢ounls and Reports) Regulations 2008 othcr than any rcquirement that thc accounts give 4 true and fair view which is twt a nwtscr Considered &% part of an indepeThleni exami10 I hav¢ no Concerns and hav¢ come across no other matters ill ¢onDe¢tion with thc examinatLOrt to which attention $hould be drawn in thi5 report in ordcr to enabl¢ 8 proper und¢rst4nding of the accounts io be rcached. David A Rainbow The Certifi¢d Public Accountsnts A8XKi4tion Rowlinson Rainbow & Company 517 New Road Rad¢liff¢ GTeatcr Manch¢sier M26 ILS Date.. Page 4
Wom¢n ofworth Statement of Financial Activiti for the Year Ended 31 arch 2023 31.3.23 Totsl 31.3.22 Total fvnd5 Unrestricted Restri¢tcd Notes tNCOl¥fE Af4D ENDOWMENTS FROM Donations al lega¢ies 3.501 120,562 124.063 99.375 Other trading aetiviti 4263 4,263 Total 7.764 120.562 128,326 99.375 EXPENDITURE ON Charltable Aetlvltle$ Activit¢$ 13.720 101,140 114,860 104.290 Other 5,630 736 6.366 620 Total 19.350 101,876 121.226 104,910 NET INCOMEI<EXPENDmiRE) (11.586) 18,686 7.IlJ) 15,535) RECONCILIATION OF FUNDS Total funds brought forward 19.927 32,233 52.160 57,695 TOTAL FUNDS CARRIED FORWARD 8,341 50.919 59,260 52,160 The notes fonn part of these financial stat¢nKnts Page 5
Women of Worth Balance Sheet 31 March 20 31.3.23 Total 31.3.22 Totsl Unrestrtcted fid Restried fund Notes FIXED ASSETS Tangibl¢ assets 12.556 12,556 1.565 CURRENT ASSETS Cash at baDk 8.341 44,109 52.450 61,427 CREDrroRS AftUnts falling du¢ wAthin one year (5,7461 (5,746) {10,832) NET CURRENT ASSETS 8,341 38,363 46.704 50.595 TOTAL ASSETS LE&S CURRENT LIABILITIES 8,341 50.919 59.260 52.160 NET ASSETS 8.341 50,919 59.260 52.160 FUNDS Unrestrici¢d fvnds R¢strict¢d funds 8,341 50,919 19,927 32.233 TOTAL FUNDS 59,260 52,160 The financial stat¢m¢nts were approved by th¢ Board of Tn¢$ ¥nd authorised for i$su¢ on . and were sign¢d on its behalf by: MTS D E Giam¥ . Tnlee Mrs H PeThy- Trus The )te$ forn) part of these financial $tatem¢nts Pag¢ 6
Women ofwortb Notes to the Finan ial Siatemen for tbe Year ed 31 March ACCOUNTING POLICIES Ba$l$ of preprlng the financiAI statem¢4ts The financial stat¢menis of tbe charity, which is a public benefit entiry under FRS 102. bave b¢¢n prepared iti ac¢ordanc¢ with the Cbaritics SORP (FRS 102) 'A¢couniing and Reporting by Charities.. Statement of R¢commended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) {effectiv¢ l January 2019),. Financial Reporting Standard 102 Th¢ Financial Reporting Standard applitable in the UK and RUbliC of Irela[, and the Chan"ties Art 2011. The financial ststemellis bAve been prepared Under the historical co nv¢ntsoll. Income All incom¢ 1$ regniSed in the Stat¢nMt of Finaneilll Activities Once the ehartty has en¢it1ettllt to tb¢ futth. it 1$ probable tbat the ineome will be received and the amount can be meÉsurcd r¢liobly. Expendlture Liabilities are 0nd as expenditure as soon as there is a It1 or cOnstntIve obligation committitig the chariry to that expendittwe. tt is probable tbat a trafer of xonomic benefits will be required in sertlem¢nt and th¢ amount of tbe obligats'on can be measured reliably. Expenditure 1$ account¢d for on an aCenlS basis and has been classified under headings that aBgregate all cost related ty the caiegory. Wher¢ costs cannot be dire¢ily attribuied to particular IadIng$ they have beeD allocated to activities on a basis con8iStent with th¢ use of r¢50UTces. Tanilble Ilxed M¢ts All equipm¢nt is valued at cost and dePr18d IT EqUIpnttt - Ovtt 3 years straight litse. Othei Equipment- Ov¢r 4 years straight liti¢ The charity 1$ ¢x¢mpt from tsx on its eharttsble activities. Fund ccovntlng Unrestricted fvnds c¥n be used in accordkn¢e with the clwithbl¢ obJe¢tive5 at the discretion of the tThstees. Restricted funds can only b¢ used for particular r¢5tricted purposes witbin the obJ¢¢ts of the Charity. Restrictions arisc when sp¢cifJed by the donor or wh¢n fimds are raised for parts'wlar Testricted purpo%s. Further explanation of the nature and PUryK)s¢ of fimd is included iti the notes lo the finan¢ial stst¢ments. OTHER TIL4DING ACrnryllES 31.3.23 31.3.22 Fundraising evetiis 4,263 Page 7 ntinued...
Wo Worth Notes to th Financial Stsiem . contmued e Year Ended 31 Mar¢h 2023 TRUSTEES, REMUNERATION AI¥D BENEFITS There were no trL]St¢es' remunuation or other benefits for the year ended 31 March 2023 nor for the &r ended 31 Mar¢h 2022. Trustees, expenses There were no tne$, ¢xpenses paid for th¢ yeaT ended 31 March 2023 nor for the y¢ar ¢Dd¢d 31 March 2022. COMPARATIVES FOR THE STATEME OF FINANCIAL ACTIVITIES Unrestricted Restric*d fimd Total fiu)ds INCOME AND ENDOWMENTS FROM Donations and l¢g¥i 5.049 94.326 99.375 EXPENDITURE ON Ch•rltable acdvlll Activites 103,129 104,290 Other 620 620 TotAI 1.161 103,749 104,910 NET INCOMEI{EXPENDITURE) 3.888 (9,423) (5,535) RECONCILIATION OF FUNDS Totsl funds brought forward 16.039 41.656 57,695 TOTAL FUNDS CARRIED FORWARD 19.927 32,233 52,160 Page 8 eontinued...
Women of Worth Notes to the Finan ial SleMents- c forthey nded 31 March 2023 ntinued TANGIBLE FIXED ASSETS FixDJres Comput¢T equipment fitlit)gs Totals COST Ai l April 2022 Additions 5.819 7,890 4.529 8.728 10,348 16.618 At 31 March 2023 13.709 13.257 26,966 DEPRECIATION Ai l April 2022 Chargc for year 4,713 2.249 4.070 3,378 8,783 5,627 Ai 31 M?rch 2023 6.962 7.448 14.410 NET BOOK VALUE At 31 March 2023 6.747 5,809 12.556 At 31 March 2022 1,106 459 I,S65 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Other cr¢ditors 5,746 10.832 MOVEMENT IN FUNDS Net trw)vement in fjJnds At 31.3.23 At 1.4.22 UTrrestrleted fotsdi Gencral fvnd 19.927 (11.586 8,341 Rtstrl¢ted fuDd5 Charity Accounts 32.233 18.686 50,919 TOTAL FUNDS 52.160 7.1(M) 59.260 Net movement in fvnd& included in the Above #re as follows.. IrKomin8 rtsourccs Resources ¢xp¢nded Movement in funds Unrestrleted tsndl General fund 7,764 (19,3501 (11,5861 Restricted fvDd5 Charity Accounts 120,562 {101.8761 18,686 TOTAL FUNDS 128.326 (121.226) 7,100 Page 9 continued...
rn¢n of Worth Note t the Financial tatementS- CODtinu¢d f r the Year End 31 March 2023 MOVEMENT IN FUNDS- tontthued C•mpar3tivu for movem¢nt ID funds N¢t nwvement in fimds Al 31.3.22 At 1.4.21 Unrestrlcted hnds G¢n¢ral fiu)d 16.039 3,888 19,927 Restricted funds Charity Accounts 41,656 (9.423) 32,233 TOTAL FUNDS 57,695 (5,535) 52,160 Comparativ¢ net movement in ffiJnd& included in th¢ above are as follows.. IornIng rtsourees Rewur¢¢s expended Movement iti fiujds Unrutrl¢ted fund8 G¢n¢ral fund 5.049 {1,161} 3,888 RtrIcted fuDdi Charity Aetounts 94,326 (103.749) (9,423) TOTAL FUNDS 99,375 1104,9101 (5,535) A current y¢ar 12 month$ prior year 12 months ¢ombined position is as follow8.' Nd MoveMet iti fiujds At 31.3.23 Ai 1.4.21 Unrestrleted fund* General fund 16,039 (7,6981 8,341 ReBtrleted fund$ Charity Accounts 41,656 9.263 50,919 TOTAL FUNDS 57.695 1,565 59,260 Page 10 continued...
Women ofw rth Notes io the Financial Statements- continued foi the Year Ended 31 March 2023 MOVEMENT IN FUNDS- eoDtlnued A turr¢nt year 12 mottths and prior year 12 llM)nths combined n¢t movunent in fijnds. irKludcd in the above are as follows.. IDcomiD8 Resourtts Movement expeJbJed Unrestrl¢ted funds G¢n¢ral fund 12.813 (20.511) (7,698) Restrl¢ted funds Charity A¢coun¢s 214.888 (205.625) 9.263 TOTAL FUNDS 227.701 {226,136) 1,565 RELATED PARTY DISCLOSURES There were no related pw transactions for th¢ yettr ended 31 March 2023. Pagell
Women of Worth Detailed Stsiement of Financial Activitie for th¢ Year Ended 31 Marcb 2023 31.3.23 31.3.22 INCOME AI¥D ENDOWMENTS Dontlons and legacies Donaiion8 Gift aid Albert Hun¢ Big Lottery BuryMBC GMWSA Manchester Credit Ministy of Justiee Other Six Housing Rivu Valley 3.495 6,735 3.000 40,000 2,950 32,981 1.340 11.672 697 20,(M)O 56,989 38,583 2.990 124,063 99,375 Other tradlng a¢tlvltlei Fundraising events 4263 Total Incomlng resources 128J26 99,375 EXPENDITURE Cbaritble •etlvltle$ Contractors Sundries Premi5¢s Costs 0]¢¢ Costs Equipn*n¢ Therapies Travel Training Insurdnce Rcpairs & R¢newals Arts & Crafts Propety Repairs 64.557 93 17,478 996 81.879 13,560 4,003 281 ,375 480 1.483 526 600 1,4(K) 4,043 7.559 2,270 216 101.005 101.794 Support ¢ost8 Managemert¢ Wa8¢S T¢lephone Postage and ststion¢ry Advertising 5232 1,1)09 2,427 398 9,066 Flnan¢e Fixtures and fittings Carrted forward 2.249 2.249 2.496 2.496 Thrs page does not f4)rn part of the ststutory financial slaterts Page 12
Women f Worth Detailed Statement of Financial Activiti¢s for tbe Y¢ar Ended 31 March 2023 31.3.23 31.3.22 Flnance Brougljt forward Computer equipment 2249 3,378 2,496 5.627 2,496 InfoTmatlon teehnol Repairs and rcnewals 2.826 Governan¢e ¢o$ts Accountancy and legal fees Book keeping 810 1,892 620 2,702 620 Totsl resources exp¢tKl¢d 121226 104,910 Net In¢omel(expeDdlthre) 7.100 (5.5351 This page not forni part of tbe StatOry finwncial statements Page 13
Wornen Contents of the FiDan¢ial Statements for th¢ Year Ended 31 March 2023 Page Chairrnan's Report Report of the Tnthes Independent Examin&5 Report Statement of Finan¢ial A¢tiviti Balallce Sheet Note5 to th¢ Financial Ststements 7 to 11 Detailed Statem¢ of Financial Activihes 12 to 13