REGISTERED CHARITY NUMBER: 1169976
Report of the Trustees and Financial Statements for the Year Ended 31 March 2024 for
Women of Worth
Rowlinson Rainbow & Company 5/7 New Road Radcliffe Greater Manchester M26 ILS
Women of Worth
Contents of the Financial Statements for the Year Ended 31 March 2024
Page
Chairman's Report 1 to 2 Report of the Trustees 3 Independent Examiner's Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes to the Financial Statements 7 to ll Detailed Statement of Financial Activities 12 to 13
## Women of Worth
## Chairman's Report for the Year Ended 31 March 2024
## Introduction
The trustees of Women of Worth (WoW) present their annual report for the year ending 31st March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note one to the financial statements and comply with the charity's Constitution and the Charities Act 2011 and "According and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the U.K and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from | January 2016)
## Chair's Report
I am pleased to act as chair for this current year and to date, and report on the activities, achievements and performances as follows:
The Women of Worth charity was registered on Ist November 2016 to continue the excellent work started in early 2016 as a non-profit organisation.
The last twelve months we have seen an increase of the numbers of vulnerable women presenting from the NHS, Mental Health Services, Probation, Police, and local community groups. This appears to be against a backdrop financial hardship caused by the current economic climate affecting the cost of living.
We have responded to this increased need by providing more food and essential items packs. In addition, we are working in partnership with other services such as food banks to link our women to local venues where they can access resources. We have responded to the Cost-of-living crisis by facilitating cost of living sessions in both one-to-one settings and groups. We undertake benefit checks to ensure that women are receiving the correct benefits, we provide information on benefits including the Government's Cost of Living payments and signpost them to where they can help with claiming, for example Citizens Advice. We have also focused on saving money on energy including sessions on "Heat the Human, Not the Home' and providing 'Belly warmer’ packs.
We continue to raise awareness about the impact of Menopause and co work with Bury live well service, courses are in house but we are also able to access courses at the Bury castle leisure centre. An increase in referrals from women experiencing domestic abuse, has led to us putting on more groups such as the New Directions Programme. We continue to work closely with partnership agencies for example Safe Net, IDVA, and Victim Liaison to offer ‘wrap around’ support for such clients. For all women who use the Centre we continue to maintain and develop links with services such as Housing and Bury Live Well Service to ensure they access support to meet their needs.
We also have in house citizen advice worker who provides information advice and guidance.
We were successful in acquiring funding including the National Lottery (Community Fund) in 2020 which finished Mar 2024. We secured funds from Outreach of £9400.00 per year which will continue. Throughout the year we have also received £10000 from Lottery, £10000 Garfield and Weston, Cost of living £2000 and postcode lottery £25000 funding . Funding received from donations included from local councillors. Over the next year we will be identifying more funding opportunities and pursuing bids.
In addition, we have expanded our self-funding activities attending craft fairs and events such as 'pop up' shops which have provided an opportunity to make money from the sale of items created by the women as part of our programme of therapeutic well-being. Such events also enabled us to raise awareness about our charity and network. Over the year we have raised an excess of £6,000 from these activities.
We continue our involvement with GMWSA (Greater Manchester Women Service Alliance), and we are pleased to say that the contract was renewed. The contract includes continued provision of needs assessment, support planning and interventions for women who attend the centre who are in the criminal justice system. The continued work includes preventative work by engaging clients with the most appropriate services and support. Service user feedback acquired by completion of the satisfaction questionnaire completed by women shown below. Service User Feedback (taken from Questionnaire) April 2023 to March 2024.
Feedback collected Percentage
Page |
## Women of Worth
Chairman's Report
for the Year Ended 31 March 2024
Overall service - Very Satisfied/ Satisfied
85% very satisfied, 13% satisfied
The person supporting them. - Very Satisfied/Satisfied
84.4% very satisfied , 14.6% satisfied
Understanding of needs - Very Satisfied/ Satisfied
81% very satisfied, 19 % satisfied
## Qualitative Feedback
Below are comments from women (from the questionnaire) using the service about their experience of the service:-
"Fantastic and amazing at what they do"
## "They have been amazing"
"The generosity of this organisation helps so many people including myself and with the support they get they go above and beyond"
"The support given whether it is struggling with mental health or struggling with cost of living they help where they can"
"There service is outstanding. I just feel they could receive more funding"
"Positive changes - Finding a work life balance and making time for self when needed."
Our goals in the coming year are to continue to maintain the exacting standards of service.
I wish to say a huge thank you to the Trustees, staff and volunteers for their outstanding work and commitment over the last 12 months. I want to extend this to the Accountant and the Bookkeeper.
Hellen Perry (Chair)
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2
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Page 2
Women of Worth
Report of the Trustees for the Year Ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1169976
Principal address 5-7 New Road Radcliffe Manchester M26 ILS
## Trustees
Mrs H Perry Chair Mrs G Williams Trustee Mrs D E Giamas Treasurer Mrs N S Harries Trustee Ms S Moran Trustee (resigned 31.3.24) Ms T Waugh Trustee (appointed 31.3.24)
Independent Examiner David A Rainbow Rowlinson Rainbow & Company 5/7 New Road Radcliffe Greater Manchester M26 ILS
## Bankers
Lloyds Bank PLC 1 Legg Street Chelmsford CMI 1JS 4) Approved by order ofthe board of trustees onee and signed on its behalf by: OS QO. cavA QOa Mrs D E Giamas - me
Page 3
Independent Examiner's Report to the Trustees of Women of Worth
## Independent examiner's report to the trustees of Women of Worth
I report to the charity trustees on my examination of the accounts of Women of Worth (the Trust) for the year ended 31 March 2024.
## Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or A the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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— ee
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'
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## David A Rainbow
The Certified Public Accountants Association
Rowlinson Rainbow & Company
5/7 New Road
Radcliffe Greater Manchester M26 ILS Date:[al?] oli}[ Tey][ tes] 2
Page 4
Women of Worth
## Statement of Financial Activities
for the Year Ended 31 March 2024
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|||||||||
|---|---|---|---|---|---|---|---|
|31.3.24|31.3.23|
|Unrestricted|Restricted|Total|Total|
|fund|fund|funds|funds|
|Notes|£|a|¥|Ss|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|48,660|82,841|131,501|124,063|
|Other trading|activities|2|50|-|50|4,263|
|Total|48,710|82,841|131,551|128,326|
|EXPENDITURE|ON|
|Raising|funds|-|620|620|-|
|Charitable|activities|
|Activites|
|29,985|74,186|104,171|114,860|
|Other|5,832|-|5,832|6,366|
|Total|35,817|74,806|110,623|121,226|
|NET|INCOME|12,893|8,035|20,928|7,100|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|8,341|50,919|59,260|52,160|
|TOTAL|FUNDS CARRIED FORWARD|21,234|58,954|80,188|59,260|
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The notes form part of these financial statements
Page 5
## Women of Worth
Balance Sheet 31 March 2024
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||||||||||
|---|---|---|---|---|---|---|---|---|
|31.3,24|31.3.23|
|Unrestricted|Restricted|Total|Total|
|Notes|fund£|fund£|funds£|funds£|
|FIXED|ASSETS|
|Tangible|assets|5|1312|10,045|11,357|12,556|
|CURRENT|ASSETS|
|Cash|at bank|19,262|58,598|77,860|52,450|
|CREDITORS|
|Amounts|falling due|within|one year|6|660|(9,689)|(9,029)|(5,746)|
|NET CURRENT ASSETS|19,922|48,909|68,831|46,704|
|TOTAL ASSETS|LESS CURRENT|
|LIABILITIES|21,234|58,954|80,188|59,260|
|NET ASSETS|21,234|58,954|80,188|59,260|
|FUNDS|7|
|Unrestricted|funds|21,234|8,341|
|Restricted|funds|58,954|50,919|
|TOTAL FUNDS|80,188|59,260|
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The financial statements were approved by the Board of Trustees and authorised for issue on seseeseeseseaeeaseteessenesesteseeseseeeese aNd Were Signed on its behalf by:
‘4 Po « ee \ 'é Mrs D E Giamas - Trustee dl... Mrs H Perry - T e
The notes form part of these financial statements
Page 6
Women of Worth
Notes to the Financial Statements for the Year Ended 31 March 2024
## 1. ACCOUNTING POLICIES
## Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## Tangible fixed assets
All equipment is valued at cost and depreciated -
IT Equipment - Over 3 years straight line.
Other Equipment - Over 4 years straight line
## Taxation
The charity is exempt from tax on its charitable activities.
## Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2: OTHER TRADING ACTIVITIES
31.3.24 31.3.23 £ £ Fundraising events 50 4,263
Page 7
continued...
Women of Worth
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## 3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
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||||||||
|---|---|---|---|---|---|---|
|4.|COMPARATIVES|FOR THE|STATEMENT|OF|FINANCIAL|ACTIVITIES|
|Unrestricted|Restricted|Total|
|fund|fund|funds|
|£|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|3,501|120,562|124,063|
|Other trading|activities|4,263|.|4,263|
|Total|7,764|120,562|128,326|
|EXPENDITURE|ON|
|Charitable|activities|
|Activites|
|13,720|101,140|114,860|
|Other|5,630|736|6,366|
|Total|19,350|101,876|121,226|
|NET|INCOME/(EXPENDITURE)|(11,586)|18,686|7,100|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|19,927|32,233|52,160|
|TOTAL|FUNDS CARRIED|FORWARD|8,341|50,919|59,260|
**----- End of picture text -----**
Page 8
continued...
Women of Worth
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
|5.|TANGIBLE FIXEDASSETS||||
|---|---|---|---|---|
|||Fixtures|||
|||and
fittings|Computer
equipment|Totals|
|||£|£|£|
||COST||||
||At 1 April 2023|13,709|13,257|26,966|
||Additions|-|1,640|1,640|
||At 31 March2024|13,709|14,897|28,606|
||DEPRECIATION||||
||At | April 2023|6,962|7,448|14,410|
||Charge foryear|1,349|1,490|2,839|
||At 31 March 2024|8,311|8,938|17,249|
||NET BOOKVALUE||||
||At 31 March 2024|5,398|5,959|11,357|
||At 31 March 2023|6,747|5,809|12,556|
|6.|CREDITORS: AMOUNTSFALLING DUE WITHIN ONE|YEAR|||
||||31.3.24|313.23|
||||£|£|
||Othercreditors||9,029|5,746|
|7.|MOVEMENT IN FUNDS||||
||||Net||
||||movement|At|
|||At 1.4.23|in funds|31.3.24|
|||£|£|£|
||Unrestricted funds||||
||General fund|8,341|12,893|21,234|
||Restricted funds||||
||Charity Accounts|50,919|8,035|58,954|
||TOTAL FUNDS|59,260|20,928|80,188|
||Net movement in funds, included in the above are as follows:||||
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||Ee|£|£|
||Unrestricted funds||||
||General fund|48,710|(35,817)|12,893|
||Restricted funds||||
||Charity Accounts|82,841|(74,806 )|8,035|
||TOTAL FUNDS|131,551|(110,623)|20,928|
Page 9
continued...
Women of Worth
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
7. MOVEMENT IN FUNDS - continued
## Comparatives for movement in funds
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Net|
|movement|At|
|At|1.4.22|in|funds|31.3.23|
|£|£|£|
|Unrestricted|funds|
|General|fund|19,927|(11,586)|8,341|
|Restricted|funds|
|Charity Accounts|32,233|18,686|50,919|
|TOTAL|FUNDS|52,160|7,100|59,260|
|Comparative|net movement|in|funds,|included|in|the|above|are|as|follows:|
**----- End of picture text -----**
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||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|7,764|(19,350)|(11,586)|
|Restricted|funds|
|Charity|Accounts|120,562|(101,876)|18,686|
|TOTAL|FUNDS|128,326|(121,226)|7,100|
**----- End of picture text -----**
A current year 12 months and prior year 12 months combined position is as follows:
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||||||
|---|---|---|---|---|
|Net|
|movement|At|
|At|1.4.22|in|funds|31.3.24|
|£|£|£|
|Unrestricted|funds|
|General|fund|19,927|1,307|21,234|
|Restricted|funds|
|Charity|Accounts|32,233|26,721|58,954|
|TOTAL FUNDS|52,160|28,028|80,188|
**----- End of picture text -----**
Page 10
continued...
Women of Worth
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## 7. MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|Unrestricted funds||||
|General fund|56,474|(55,167)|1,307|
|Restricted funds||||
|CharityAccounts|203,403|(176,682 )|26,721|
|TOTALFUNDS|259,877|(231,849)|28,028|
## 8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 11
## Women of Worth
|Detailed Statement ofFinancial Activities|||
|---|---|---|
|for the Year Ended 31 March 2024|||
||31.3.24|31.3.23|
||£|£|
|INCOME AND ENDOWMENTS|||
|Donations and legacies|||
|Donations|16,770|3,495|
|Gift aid|-|6|
|Big Lottery|10,000|20,000|
|Urban Outreach|21,890|-|
|Garfield Weston|10,000|-|
|GMWSA|45,841|56,989|
|Ministry of Justice|-|38,583|
|Bury CostofLiving|2,000|-|
|SixTownHousing|-|2,000|
|River Valley|-|2,990|
|PostCode Lottery|25,000|-|
||131,501|124,063|
|Othertrading activities|||
|Fundraising events|50|4,263|
|Total incoming resources|131,551|128,326|
|EXPENDITURE|||
|Othertrading activities|||
|Purchases|620|-|
|Charitable activities|||
|Contractors|71,535|64,557|
|Sundries|756|93|
|Premises Costs|16,413|17,478|
|Office Costs|34|996|
|Therapies|140|1,483|
|Travel|45|526|
|Training|-|600|
|Insurance|2,075|1,400|
|Repairs& Renewals|476|4,043|
|Arts& Crafts|2,428|7,559|
|Property Repairs|-|2,270|
||93,902|101,005|
|Support costs|||
|Management|||
|Wages|5,544|3/232|
|Telephone|873|1,009|
|Postage and stationery|265|2,427|
|Advertising|288|398|
||6,970|9,066|
This page does not form part of the statutory financial statements
Page 12
## Women of Worth
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
|Detailed Statement of Financialof FinancialFinancial Activities
for the Year EndedEnded 31 March 2024|||
|---|---|---|
||31.3.24|31.3,23|
||£|£|
|Management|||
|Finance|||
|Bank charges|8|=|
|Depreciation oftangible fixed assets|2,839|5,627|
||2,847|5,627|
|Information technology|||
|Repairs and renewals|3,398|2,826|
|Governance costs|||
|Accountancy and legal fees|690|810|
|Book keeping|1,800|1,892|
|Subscriptions|396|-|
||2,886|2,702|
|Total resources expended|110,623|121,226|
|Netincome|20,928|7,100|
This page does not form part of the statutory financial statements
Page 13
REGISTERED CHARITY NUMBER: 1 169976
## Report of the Trustees and
Financial Statements for the Year Ended 31 March 2024
for
Women of Worth
Rowlinson Rainbow & Company 5/7 New Road Radcliffe Greater Manchester M26 ILS
Women of Worth
Contents of the Financial Statements for the Year Ended 31 March 2024
Page
Chairman's Report 1 to 2 Report of the Trustees 3 Independent Examiner's Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes to the Financial Statements 7 to Il Detailed Statement of Financial Activities 12 to 13
Women of Worth
Chairman's Report for the Year Ended 31 March 2024
## Introduction
The trustees of Women of Worth (WoW) present their annual report for the year ending 31st March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note one to the financial statements and comply with the charity's Constitution and the Charities Act 2011 and "According and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the U.K and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from | January 2016)
## Chair's Report
I am pleased to act as chair for this current year and to date, and report on the activities, achievements and performances as follows:
The Women of Worth charity was registered on Ist November 2016 to continue the excellent work started in early 2016 as a non-profit organisation.
The last twelve months we have seen an increase of the numbers of vulnerable women presenting from the NHS, Mental Health Services, Probation, Police, and local community groups. This appears to be against a backdrop financial hardship caused by the current economic climate affecting the cost of living.
We have responded to this increased need by providing more food and essential items packs. In addition, we are working in partnership with other services such as food banks to link our women to local venues where they can access resources. We have responded to the Cost-of-living crisis by facilitating cost of living sessions in both one-to-one settings and groups. We undertake benefit checks to ensure that women are receiving the correct benefits, we provide information on benefits including the Government's Cost of Living payments and signpost them to where they can help with claiming, for example Citizens Advice. We have also focused on saving money on energy including sessions on ‘Heat the Human, Not the Home' and providing ‘Belly warmer' packs.
We continue to raise awareness about the impact of Menopause and co work with Bury live well service, courses are in house but we are also able to access courses at the Bury castle leisure centre.
An increase in referrals from women experiencing domestic abuse, has led to us putting on more groups such as the New Directions Programme. We continue to work closely with partnership agencies for example Safe Net, IDVA, and Victim Liaison to offer ‘wrap around’ support for such clients. For all women who use the Centre we continue to maintain and develop links with services such as Housing and Bury Live Well Service to ensure they access support to meet their needs.
We also have in house citizen advice worker who provides information advice and guidance.
We were successful in acquiring funding including the National Lottery (Community Fund) in 2020 which finished Mar 2024. We secured funds from Outreach of £9400.00 per year which will continue. Throughout the year we have also received £10000 from Lottery, £10000 Garfield and Weston, Cost of living £2000 and postcode lottery £25000 funding . Funding received from donations included from local councillors. Over the next year we will be identifying more funding opportunities and pursuing bids.
In addition, we have expanded our self-funding activities attending craft fairs and events such as ‘pop up' shops which have provided an opportunity to make money from the sale of items created by the women as part of our programme of therapeutic well-being. Such events also enabled us to raise awareness about our charity and network. Over the year we have raised an excess of £6,000 from these activities.
We continue our involvement with GMWSA (Greater Manchester Women Service Alliance), and we are pleased to say that the contract was renewed. The contract includes continued provision of needs assessment, support planning and interventions for women who attend the centre who are in the criminal justice system. The continued work includes preventative work by engaging clients with the most appropriate services and support. Service user feedback acquired by completion of the satisfaction questionnaire completed by women shown below. Service User Feedback (taken from Questionnaire) April 2023 to March 2024.
Feedback collected Percentage
Page |
## Women of Worth
Chairman's Report for the Year Ended 31 March 2024
Overall service - Very Satisfied/ Satisfied
85% very satisfied, 13% satisfied
The person supporting them. - Very Satisfied/Satisfied
84.4% very satisfied , 14.6% satisfied
Understanding of needs - Very Satisfied/ Satisfied
81% very satisfied, 19 % satisfied
Qualitative Feedback
Below are comments from women (from the questionnaire) using the service about their experience of the service:-
"Fantastic and amazing at what they do"
## "They have been amazing"
"The generosity of this organisation helps so many people including myself and with the support they get they go above and beyond"
"The support given whether it is struggling with mental health or struggling with cost of living they help where they can"
"There service is outstanding. | just feel they could receive more funding"
"Positive changes - Finding a work life balance and making time for self when needed."
Our goals in the coming year are to continue to maintain the exacting standards of service.
I wish to say a huge thank you to the Trustees, staff and volunteers for their outstanding work and commitment over the last 12 months. I want to extend this to the Accountant and the Bookkeeper.
Hellen Perry (Chair)
Page 2
Women of Worth
Report of the Trustees for the Year Ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## STRUCTURE, GOVERNANCE AND MANAGEMENT
## Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1169976
Principal address 5-7 New Road Radcliffe Manchester M26 ILS
Trustees
Mrs H Perry Chair Mrs G Williams Trustee Mrs D E Giamas Treasurer Mrs N S Harries Trustee Ms S Moran Trustee (resigned 31.3.24) Ms T Waugh Trustee (appointed 3 1.3.24)
## Independent Examiner
David A Rainbow Rowlinson Rainbow & Company 5/7 New Road Radcliffe Greater Manchester M26 ILS
Bankers
Lloyds Bank PLC 1 Legg Street Chelmsford CM1 1JS 9 Approved by order ofthe board oftrustees onhale and signed on its behalf by:
**----- Start of picture text -----**
, a
**----- End of picture text -----**
Mrs D E Giamas - Trustee.
Page 3
Independent Examiner's Report to the Trustees of Women of Worth
Independent examiner's report to the trustees of Women of Worth I report to the charity trustees on my examination of the accounts of Women of Worth (the Trust) for the year ended 31 March 2024.
## Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## Independent examiner's statement
I have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- Li accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concers and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding ofthe accounts to be reached.
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Y)i
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i
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## David A Rainbow
The Certified Public Accountants Association
Rowlinson Rainbow & Company
5/7 New Road Radcliffe Greater Manchester M26 ILS
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Date: el?fom bee ee.
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Women of Worth
Statement of Financial Activities for the Year Ended 31 March 2024
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|||||||
|---|---|---|---|---|---|
|Unrestricted|31.3.24|31.3.23|
|fund|Restricted|Total|Total|
|Notes|fund|funds|funds|
|INCOME|AND ENDOWMENTS FROM|£|£|£|£|
|Donations and|legacies|48.660|82,841|131,501|124,063|
|Other trading activities|2|50|-|50|4,263|
|Total|48.710|82,841|131,551|128,326|
|EXPENDITURE ON|
|Raising funds|-|620|620|-|
|Charitable|activities|
|Activites|
|29,985|74,186|104,171|114,860|
|Other|5,832|~|5,832|6,366|
|Total|35,817|74,806|110,623|121,226|
|NET INCOME|12,893|8,035|20,928|7,100|
|RECONCILIATION OF FUNDS|
|Total|funds brought forward|8,341|50,919|59,260|52,160|
|TOTAL FUNDS CARRIED|FORWARD|21,234|58,954|80,188|59,260|
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The notes form part of these financial statements
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## Women of Worth
Balance Sheet_ 31 March 2024
|||||31.3.24|31.3.23|
|---|---|---|---|---|---|
|||Unrestricted
fund|Restricted
fund|Total
funds|Total
funds|
||Notes|£|£|£|£|
|FIXEDASSETS||||||
|Tangible assets|5|1,312|10,045|11,357|12,556|
|CURRENT ASSETS||||||
|Cash atbank||19,262|58,598|77,860|52,450|
|CREDITORS||||||
|Amounts falling due withinoneyear|6|660|(9,689)|(9,029)|(5,746)|
|NETCURRENTASSETS||19,922|48,909|68,831|46,704|
|TOTALASSETS LESSCURRENT||||||
|LIABILITIES||21,234|58,954|80,188|59,260|
|NETASSETS||21,234|58,954|80,188|59,260|
|FUNDS|7|||||
|Unrestricted funds||||21,234|8,341|
|Restricted funds||||58,954|50,919|
|TOTALFUNDS||||80,188|59,260|
The financial statements were approved by the Board of Trustees and authorised for issue on sseeseseeseenesessesseessssssseseesseseeseee ad Were Signed on its behalf by:
‘4 ar —— Mrs D E Giamas - Trustee
H..Lc Mrs H Perry - Ti e
The notes form part of these financial statements
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Women of Worth
Notes to the Financial Statements for the Year Ended 31 March 2024
## 1. ACCOUNTING POLICIES
## Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## Tangible fixed assets
All equipment is valued at cost and depreciated -
IT Equipment - Over 3 years straight line.
Other Equipment - Over 4 years straight line
## Taxation
The charity is exempt from tax on its charitable activities.
## Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2; OTHER TRADING ACTIVITIES
31.3.24 313.23 £ £ Fundraising events 50 4,263
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Women of Worth
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## 3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## Trustees’ expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
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|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|
|fund|fund|funds|
|£|£|E|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|3,501|120,562|124,063|
|Other trading|activities|4,263|-|4,263|
|Total|7,764|120,562|128,326|
|EXPENDITURE|ON|
|Charitable|activities|
|Activites|
|13,720|101,140|114,860|
|Other|5,630|736|6,366|
|Total|19,350|101,876|121,226|
|NET INCOME/(EXPENDITURE)|(11,586)|18,686|7,100|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|19,927|32,233|52,160|
|TOTAL FUNDS CARRIED FORWARD|8,341|50,919|59,260|
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Women of Worth
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|5.|TANGIBLE|FIXED|ASSETS|
|Fixtures|
|and|Computer|
|fittings|equipment|Totals|
|¥|£|£|
|COST|
|At|||April|2023|13,709|13,257|26,966|
|Additions|-|1,640|1,640|
|At|31|March|2024|13,709|14,897|28.606|
|DEPRECIATION|
|At|1|April|2023|6,962|7,448|14,410|
|Charge|for year|1,349|1,490|2,839|
|At|31|March|2024|8,311|8,938|17,249|
|NET BOOK VALUE|
|At|31|March|2024|5,398|5,959|11,357|
|At|31|March|2023|6,747|5,809|12,556|
|6.|CREDITORS:|AMOUNTS|FALLING|DUE|WITHIN ONE YEAR|
|31.3.24|31.3.23|
|£|£|
|Other creditors|9,029|5,746|
|VF|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|At|1.4.23|in|funds|31.3.24|
|£|£|£|
|Unrestricted|funds|
|General|fund|8,341|12,893|21,234|
|Restricted|funds|
|Charity|Accounts|50,919|8,035|58,954|
|TOTAL FUNDS|59,260|20,928|80,188|
|Net|movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|Unrestricted|funds|£|it|i|
|General|fund|48,710|(35,817)|12,893|
|Restricted|funds|
|Charity|Accounts|82,841|(74,806|)|8,035|
|TOTAL FUNDS|131,551|(110,623|)|20,928|
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Women of Worth
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## % MOVEMENT IN FUNDS- continued
## Comparatives for movement in funds
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Net|
|movement|At|
|At|1.4.22|in|funds|31.3.23|
|£|£|£|
|Unrestricted|funds|
|General|fund|19,927|(11,586)|8,341|
|Restricted|funds|
|Charity|Accounts|32,233|18,686|50,919|
|TOTAL FUNDS|52,160|7,100|59,260|
|Comparative|net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|5|
|Unrestricted|funds|
|General|fund|7,764|(19,350)|(11,586)|
|Restricted|funds|
|Charity|Accounts|120,562|(101,876)|18,686|
|TOTAL FUNDS|128,326|(121,226)|7,100|
|A|current|year|12|months|and|prior year|12|months|combined|position|is|as|follows:|
|Net|
|movement|At|
|At|1.4.22|in|funds|31.3.24|
|£|£|5|
|Unrestricted|funds|
|General|fund|19,927|1,307|21,234|
|Restricted|funds|
|Charity|Accounts|32,233|26,721|58,954|
|TOTAL FUNDS|52,160|28,028|80,188|
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Women of Worth
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## 7. MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|Unrestricted funds||||
|General fund|56,474|(55,167)|1,307|
|Restricted funds||||
|Charity Accounts|203,403|(176,682 )|26,721|
|TOTALFUNDS|259,877|(231,849)|28,028|
## 8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
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## Women of Worth
|Detailed Statement ofFinancial Activities|||
|---|---|---|
|for the Year Ended 31 March 2024|||
||31.3.24|31.3.23|
||£|£|
|INCOME ANDENDOWMENTS|||
|Donations and legacies|||
|Donations|16,770|3,495|
|Gift aid|-|6|
|Big Lottery|10,000|20,000|
|Urban Outreach|21,890|-|
|Garfield Weston|10,000|-|
|GMWSA|45,841|56,989|
|Ministry ofJustice|-|38,583|
|Bury CostofLiving|2,000|-|
|SixTown Housing|-|2,000|
|RiverValley|-|2,990|
|PostCode Lottery|25,000|-|
||131,501|124,063|
|Othertrading activities|||
|Fundraising events|50|4,263|
|Total incoming resources|131,551|128,326|
|EXPENDITURE|||
|Othertrading activities|||
|Purchases|620|-|
|Charitable activities|||
|Contractors|71,535|64,557|
|Sundries|756|93|
|Premises Costs|16,413|17,478|
|Office Costs|34|996|
|Therapies|140|1,483|
|Travel|45|526|
|Training|-|600|
|Insurance|2,075|1,400|
|Repairs& Renewals|476|4,043|
|Arts& Crafts|2,428|7,559|
|Property Repairs|-|2,270|
||93,902|101,005|
|Support costs|||
|Management|||
|Wages|5,544|5.232|
|Telephone|873|1,009|
|Postage and stationery|265|2,427|
|Advertising|288|398|
||6,970|9,066|
This page does not form part of the statutory financial statements
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Women of Worth
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
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|||||||
|---|---|---|---|---|---|
|31.3.24|31.3:23|
|2|£|
|Management|
|Finance|
|Bank|charges|8|-|
|Depreciation|of tangible|fixed|assets|2,839|5,627|
|2,847|5,627|
|Information|technology|
|Repairs and|renewals|3,398|2,826|
|Governance|costs|
|Accountancy|and|legal|fees|690|810|
|Book|keeping|1,800|1,892|
|Subscriptions|396|-|
|2,886|2,702|
|Total|resources|expended|110,623|121,226|
|Net income|20,928|7,100|
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This page does not form part of the statutory financial statements
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