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2022-09-30-accounts

REGISTERED CHARITY NUMBER: 1171317

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 September 2022

for

The Widows Empowerment Trust

Raise Chartered Accountants 10th Floor 3 Hardman Street Spinningfields Manchester M3 3HF

The Widows Empowerment Trust

Contents of the Financial Statements for the Year Ended 30 September 2022

Page
Report of the Trustees 1 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 to 16
Detailed Statement of Financial Activities 17

The Widows Empowerment Trust

Report of the Trustees for the Year Ended 30 September 2022

The trustees present their report with the financial statements of the charity for the year ended 30 September 2022. 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).

Objectives and activities

The Widows Empowerment Trust Vision

The Widows Empowerment Trust was born out of compassion and empathy for widows. it was officially adopted as a Registered Charity on the 25th of October 2017. Trust was founded by Mrs Oyovwe Agatha Kigho and three board members of the trustees and Chief Executive Office.

OUR STRATEGY

We set out below how our strategy will be implemented.

OUR VISION:

Helping widows to restore hope in their lives.

OUR MISSION:

To bringing back smiles, happiness, warmth and intrinsic value in widows.

OUR AIM:

OUR VALUES:

Empathy, compassion, value, integrity, equality, empowerment:

Empathy: we put ourselves in widows shoes! We support empathy in widows

Compassion: we support our clients to restore hope and we empathise with our clients feeling in their journey of grieving.

Value: We champion the interest of our clients to be able to socialise, we appreciate their participation and value diversity.

Integrity: We provide our clients with high quality practical and emotional support and treat our volunteers, clients with respect

Equality: our clients are treated the same regardless of culture, race, disability, nationality, colour, faith, ethnicity, and belief.

Empowerment: We work tirelessly to empower widows to recover their dreams and we take pride in our professionalism and aim to provide the best support to promote social inclusion in the lives of widows.

OBJECTIVES:

Page 1

The Widows Empowerment Trust

Report of the Trustees for the Year Ended 30 September 2022

ONLINE SERVICES:

We have moved many of our services online to continue accommodating our widows and widowers who are not able to attend our face to face sessions. Our online services include:

Announcement

We lost one of our Trustees Marion McBride, she passed away on 24th March 2022. Marion had started her journey with The Widows Empowerment Trust in 2017 when she came on board as one of our beneficiaries. Marion helped our organisation with developing interventions on supporting the widowed community in Manchester. Marion became our spokesperson for our organisation to the media with BBC highlighting her experience of widowhood and how we as an organisation supported her. Her feedback was always so valuable and her input to the organisation helped us to grow and develop strategies that we use to support the widowed community. Marion joined as a Trustee Board member in 2021 and left her legacy within all of us who met her as she was often, the life of a party and very supportive to other beneficiaries that joined. Marion McBride, may you Rest In Peace.

THANK YOU NOTE FROM TRUSTEE BOARD MEMBER STEPHANIE ROBERTS

I would like to say a huge thank you for all the effort and support provided by our volunteers. They have shown true dedication, compassion and have given all that they can in order fundraise, provide befriending services and help with Admin/Finance duties for The Widows Empowerment Trust. With the help of our volunteers, we have been able to reach 165 service users this year.

Exceptionally proud of the work carried out by The Widows Empowerment Trust.

THANK YOU NOTE FROM FOUNDER/CEO OYOVWE KIGHO

We have helped tackle loneliness and become socially inclusive for 165 service users last year. When our service users reach out to The Widows Empowerment Trust, they are looking for support and are in a situation where they need to be around others who have suffered the loss of a partner. Our service users feel alienated from society, and they cannot relate to others who are still carrying on with their lives, they often socially isolate themselves because they feel there is no one out there that can relate to their sadness. The mental health services in the UK are overstretched and there are often long waiting lists. The Widows Empowerment Trust was set-up to bridge that gap, to let the service users know that they are not alone in their grief, and we provided a safe environment for them to relate to others who have suffered the same sense of loss. This has only been possible with the great dedication of our staff and volunteers. Lastly, my gratitude to our funders, donors and supporters, none of this would have been possible without you.

PROVIDING A SUPPORTIVE ENVIRONMENT

The Widows Empowerment Trust understands the deep pain that one suffers as a result of becoming a widow or widower, their sense of loss is so immense that they stop being social and end up isolating themselves for long periods of time, which have long-term negative impact on their mental wellbeing. Our service users are mostly referred to us from external agencies or they reach out to us to find out how we can support them through their grieving journey. Sometimes our service users are not even able to their own basic needs.

The staff and volunteers at The Widows Empowerment Trust are extremely dedicated to providing support for the service users so that our service users do not have to go through the journey of grief alone.

Page 2

The Widows Empowerment Trust

Report of the Trustees

for the Year Ended 30 September 2022

The Widows Empowerment Trust has reached out to 165 service users this year, which includes befriending services ( Home visit and Digital service) and social meal out . Also, our staff and dedicated volunteers have set-up online weekly workshops which were adapted during the first lockdown. Our service users have been able to come together and meet others online who are all in a similar situation, they socially interact and learn new skills such as sewing, knitting etc. allowing our beneficiaries to be socially inclusive and not have the feeling of being alone that comes as a result of becoming a widow/widower.

PUBLIC BENEFIT

Who has benefitted from our services:

• Our objective and funding address women & men that are bereaved regardless of age, cultures, religion, ethnicity, race, colour sexuality, belief, faith and disability etc.

• Gender access to our service has improved with more widowers now benefitting from one-to-one home visits.

However, the impact of our work goes far beyond those we helped directly and include volunteers both young and elderly in our community, students from the Universities such as Manchester, MMU and Salford University students getting involved.

It is estimated that 29% widows are lonely and isolated which could lead to poor health and mental issue. Widows living in the UK, sometimes struggle to have their voice heard by the mainstream government system. The result is that widows can become some of the most marginalised group in society yet are often those in the greatest need. Whether in terms of financial help, physical or mental health, or emotional or practical adjustments in their lives (Women National Commission).

Assessment of the activities that were carried out was measured by carrying out a baseline assessment before and after each project, using our questionnaire and interview process. Being able to review and evaluate our activities time to time enabled us to track our progress and achievement at the end of each project. Also, we encouraged our service users with their feedback after every activity. Below is a list of the services that we provided last year:

BEFRIENDING SERVICES

• Sometimes just allowing our service users to talk about their grief helps them to alleviate the burden of sadness and just allows them to then go on and focus with positivity for the rest of the week.

• They need space to be able to speak about their grief and are often let down by the mental health services as they are already quite stretched. Our organisation gives them that chance to talk which promotes their own mental wellbeing.

To ensure that The Widows Empowerment Trust is accessible to those who are in need, we have become community partners working in collaboration with other great organisations:

We reach out to bereavement support groups on social media and to ensure we are diverse we also send literature to BME community groups throughout the UK.

Page 3

The Widows Empowerment Trust

Report of the Trustees for the Year Ended 30 September 2022

MEALS OUT

When someone loses a life partner, they also lose their social circle, they often withdraw from social activities. We recognise their loss and the fact that they feel alone in what they are going through.

DONATIONS TO MANCHESTER ROYAL CHILDREN’S HOSPITAL

It is important for us to remember that we should support a wide array of charitable efforts in our community. Connecting our widows and widowers into other charitable efforts promotes their mental wellbeing and builds a sense of community for them.

• This gives our service users the chance to connect with others and gain the sense that they are contributing to the wellbeing of themselves and others.

CHRISTMAS GIFTS

Gift donations were received from Mission Christmas Hit Radio, Christmas HQ MFR Cash for Kids Cash for Kids Greater Manchester to support our widowed community. Our Widows and Widowers often struggle around Christmas time, being isolated at what would usually be a family time can be very detrimental to the health of our Widows and Widowers.

ON-LINE COOKING CLASSES

We introduced on-line cooking workshop once a month to help support nutritional eating. Cooking together helps to support the loneliness that sets in when cooking for 1 person only and it encourages the beneficiaries to eat together on-line and discuss recipes and food ideas to help support healthy eating. This more than just having fun together, it about being in a safe space where our community is free from judgement and get at least once a month feel that they are part of group where they eat together which helps to reduce the negative impact of loneliness and social isolation

COMMUNITY SHOPPING

Our volunteers have continued to work tirelessly throughout the year to provide for our widows and widowers. This year we have been trying to help our community by delivering shopping to our widows and widowers which has been an increasingly challenging problem in the face of covid19.

ARTS & CRAFTS

We have returned to Face-to-Face workshop since June 2022 once a week are held every Tuesday at St John Bosco Church, 19 Charlestown road, M9 7BD. This has allowed our beneficiaries to finally starting to meet and socialise face-to-face. The workshops help with socialising skills and for the beneficiaries to relate to others and have something to look forward to every week. The workshop helps the beneficiaries to come out of their homes and encourages gentle exercise.

Page 4

The Widows Empowerment Trust

Report of the Trustees

for the Year Ended 30 September 2022

• Completing arts and crafts projects also reinforce our widows and widowers with a sense of accomplishment and brings a sense of positivity in their life and bereavement journey

We have been providing weekly arts and craft sessions online for our clients every Wednesday throughout the year. This not only provides a creative opportunity for our widows and widowers to be able to have a manual task to complete which boosts mental wellbeing, but it is yet another chance for them to communicate with each other.

• We provided 30 Arts and crafts sessions throughout the year, as well as providing .

• This promotes mental wellbeing by providing a consistent activity for our community and boosting their interest in new hobbies.

• Completing arts and crafts projects also reinforce our widows and widowers with a sense of accomplishment and brings a sense of positivity in their life and bereavement journey.

VIRTUAL BINGO

We have managed to consistently provide virtual entertainment to our community by introducing virtual bingo to our clients.

• We have delivered 48 sessions of bingo online consistently throughout the year and this has given our widows and widowers a chance to socialise digitally and has been a great way to maintain our goal of reducing loneliness and isolation.

• By providing a social opportunity to our widows and widowers we have alleviated pressure on the mental health services that would otherwise be needed for our community.

VIRTUAL WORK BASED LEARNING

We have recognised the need to establish the skills and empathy needed in the caring profession in the students of today, by building a sense of community and care in all people we can create an environment where those that suffer loss can be cared for.

• We worked with Manchester Metropolitan University to provide virtual work-based learning in the psychology department and the health and social care department to 16 students.

• Students have developed researching skills within an organisation, they have learnt presentational skills and PR researching skills. They have developed team working skills as well as working independently

• Students will find this provision invaluable and have learned the skills necessary to develop themselves into wonderful graduates.

WORK EXPERIENCE

As part of our efforts to provide important skills and training to the community we have been working with several organizations to get in contact with those most needing of work experience.

• We are in partnership with the Global Business School to provide 150 hours of work experience to 8 students during the last financial year.

• We provided work experience in digital admin, befriending in the community, attending events on behalf of our organisation

VOLUNTEERS

Our volunteers are the backbone of The Widows Empowerment Trust, without them giving up their own personal free time we will not be able to support our service users as effectively as we do right now.

• We have 22 regular volunteers and 10 ad hoc volunteers. We have reduced our volunteer bank to be more efficient.

• The Widows Empowerment Trust endeavours to reward our volunteers by ensuring that they are learning new working skills that will help them to develop themselves further in future careers.

We provide the option of learning:

accounting

Page 5

The Widows Empowerment Trust

Report of the Trustees for the Year Ended 30 September 2022

Impacts

Based on the feedbacks received

CAMPAIGN AND AWARNESS (MEDIA & PR)

• Belvita Biscuit brand spotlighted our work. Featured our CEO, Mrs Oyovwe Kigho to spotlight her good work and dedication piloting the service of the charity.

OUR FUTURE PLANS

Have a charity shop, for sustainability and impact (Providing opportunity and skills)

RISK REVIEW

The Trustee have the responsibility to monitor and control the risk of the charity. With every activity we do, we consider the risks involved.

Identifying existing controls and any mitigating actions such as the liability insurance and procedures which help to reduce the risk whilst managing how to monitor and maintain an efficient use of resources. The fundamental risk factor is the imbalance between the resources available to The Widows Empowerment and the unmet need of the widows. The most difficult part is the pressure on key personel who have limited support and scope to delegate with Succession risk. Our resources are therefore planned effectively to mitigate any risk.

FINANCIAL REVIEW

The Trustees have examined the requirements for free reserves and they consider that, given the nature of the Charity's work, free reserves should be equivalent to approximately 4 months routine expenditure at £5,000. The Trustees are of the opinion that this provides sufficient flexibility to cover temporary shortfalls in incoming resources. The expenditure mainly consists of restricted costs.

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

1171317

Principal address

Wilsons House Biz Space Business Park Monsall Road Manchester

Page 6

The Widows Empowerment Trust

Report of the Trustees for the Year Ended 30 September 2022

Trustees

V Keke S Roberts J E Mooney (appointed 11.11.21) Eddy UDI

Independent Examiner

Raise Chartered Accountants 10th Floor 3 Hardman Street Spinningfields Manchester M3 3HF

Approved by order of the board of trustees on 03/03/2023 and signed on its behalf by:

. S Roberts - Trustee

Page 7

Independent Examiner's Report totheTrustttsof The Widows Empowermtnt Trust Independent t¥amin¢r's report to the trustees of The Widows Empowerment Trllst I report to the chariiv Trustees ort my ¢xamitwion of the accouns of The WidoNs Emrx)werni￿1 Tru5¢ (the T￿)￿) for the ycar ended 30 Sepiember 2022. Responsibilities and basi$ of report As th¢ charity trustees of the TnEst you are rwnsible for the preparation of the a¢¢ourtts in accordance with ihe requiTetnents of the Chariti¢s Aci 2011 I'ihe Act'l. I rtport in respect of my examtnalion of the Tru￿$ accounts carried out under s¢ttith) 145 of the Act and in canying out tny ¢x%mination I have followed all applicable Direciionsgiven bv th¢ ChaTitJ Commission under seaion l4515)(bl of the ACL Indepertdtnt eximiner'$ 5t¥tement I have completed my examination. I confirni thai no mal¢TtaJ m&iers have come 10 tny •iention in c¢)nneciion with the examination giving me cause to believe in any tnaleriai respect.. actouniingreeords iver¢ not kept in wi of theTrull as r¢4uird by sedion 130 of the Act; or the accounts do rtol aLYord with thos¢ ￿cordSOr the accounts do not compl} with Ihc 8pplicabl¢ requirementsconcemingihe form and content of accountssei out in ihe Charities (Accounts and Rewrtsl Regulations 2008 oth¢T than *rty requiremeni the accounts 81￿C a Irue and fair vicw which is Dot a mattcr con5id¢red as part of an indewdetttexamination. I have Do wncems and have come across DO other matters in eonneciion with the examina(ion io which 3t¢¢ntiort should be drawn 2n ihis report in order io enable a prop¢r understanding of the accounts io k reacik Su Rai BA Ilons. FCA. DChA Raise Chartered Att(x]ntBnts 10th FIooT 3 Hardman Sireet 8pinningficlds Nqxnchesier M3 3HT.' Date.. !.o.....iarLh....a.oa3 Page 8

The Widows Empowerment Trust

Statement of Financial Activities

for the Year Ended 30 September 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
2
Investment income
3
Total
EXPENDITURE ON
Charitable activities
Awareness
Fundraising and events
Befriending
Africa Building Projects
Africa Initative Programs
Aniversary event
Art &Craft/Bingo nights
Community work
Cook & Taste event
Project costs
Kickstart programme
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
30.9.22
Total
30.9.21
Total
fund
£
fund
£
funds
£
funds
£
16,097
82,359
98,456
63,160
-
-
-
1,154
2
-
2
84
16,099
82,359
98,458
64,398
-
-
-
278
1,624
2,809
4,433
17,061
4,398
8,088
12,486
8,845
-
-
-
2,500
2,415
-
2,415
800
765
-
765
-
523
4,135
4,658
8,719
682
8,563
9,245
990
-
427
427
-
5,075
30,899
35,974
37,726
291
193
484
4,577
15,773
55,114
70,887
81,496
326
27,245
27,571
(17,098 )
4,824
2,870
7,694
24,792
5,150
30,115
35,265
7,694

The notes form part of these financial statements

Page 9

The Widows Empowerment Trust

Balance Sheet

30 September 2022

30.9.22 30.9.21
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 6 414 2,190 2,604 1,019
CURRENT ASSETS
Debtors 7 800 - 800 -
Cash in hand 4,750 27,927 32,677 7,539
5,550 27,927 33,477 7,539
CREDITORS
Amounts falling due within one year 8 (816) - (816) (864 )
NET CURRENT ASSETS 4,734 27,927 32,661 6,675
TOTAL ASSETS LESS CURRENT LIABILITIES 5,148 30,117 35,265 7,694
NET ASSETS 5,148 30,117 35,265 7,694
FUNDS 9
Unrestricted funds 5,148 4,824
Restricted funds 30,117 2,870
TOTAL FUNDS 35,265 7,694

The financial statements were approved by the Board of Trustees and authorised for issue on 03/03/2023 and were signed on its behalf by:

... S Roberts - Trustee

The notes form part of these financial statements

Page 10

The Widows Empowerment Trust

Notes to the Financial Statements for the Year Ended 30 September 2022

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been received by the charity for specific purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

2.

3.

OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
30.9.22 30.9.21
£ £
Fundraising events - 1,154
INVESTMENT INCOME
30.9.22 30.9.21
£ £
Deposit account interest 2 84

continued...

Page 11

The Widows Empowerment Trust

Notes to the Financial Statements - continued for the Year Ended 30 September 2022

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration payments or other benefits for the year ended 30 September 2021 nor for the year ended 30 September 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2022 nor for the year ended 30 September 2021.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Total
EXPENDITURE ON
Charitable activities
Awareness
Fundraising and events
Befriending
Africa Building Projects
Africa Initative Programs
Art &Craft/Bingo nights
Community work
Project costs
Kickstart programme
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
Restricted
fund
f
Total
nds
£
£
£
18,889
44,271
63,160
1,154
-
1,154
84
-
84		 Unrestricted
fund
Restricted
fund
f
Total
nds
£
£
£
18,889
44,271
63,160
1,154
-
1,154
84
-
84
20,127
278
3,533
2,440
-
-
558
108
5,971
55
12,943
7,184
(2,360)
4,824		 44,271
64,398
-
278
13,528
17,061
6,405
8,845
2,500
2,500
800
800
8,161
8,719
882
990
31,755
37,726
4,522
4,577
68,553
81,496
(24,282 )
(17,098 )
27,152
24,792
2,870
7,694

continued...

Page 12

The Widows Empowerment Trust

Notes to the Financial Statements - continued for the Year Ended 30 September 2022

6. TANGIBLE FIXED ASSETS

COST
At 1 October 2021
Additions
At 30 September 2022
DEPRECIATION
At 1 October 2021
Charge for year
At 30 September 2022
NET BOOK VALUE
At 30 September 2022
At 30 September 2021
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS		 Fixtures
and
fittings
Computer
equipment
Totals
£
£
£
374
5,899
6,273
-
3,609
3,609		 Fixtures
and
fittings
Computer
equipment
Totals
£
£
£
374
5,899
6,273
-
3,609
3,609		 Fixtures
and
fittings
Computer
equipment
Totals
£
£
£
374
5,899
6,273
-
3,609
3,609		 Fixtures
and
fittings
Computer
equipment
Totals
£
£
£
374
5,899
6,273
-
3,609
3,609		 Fixtures
and
fittings
Computer
equipment
Totals
£
£
£
374
5,899
6,273
-
3,609
3,609
374 9,508 9,882
374
-		 4,880
2,024		 5,254
2,024
374 6,904 7,278
- 2,604 2,604
- 1,019 1,019
30.9.22
30.9.21
£
800
£
-
30.9.22
30.9.21
£
816
£
864
Net
At
movement
At
1.10.21
£
in funds
£
30.9.22
£
4,824
324
5,148
2,870
27,247
30,117		 30.9.22
30.9.21
£
800
£
-
30.9.22
30.9.21
£
816
£
864
7,694
27,571
35,265

7.

8.

9. MOVEMENT IN FUNDS

continued...

Page 13

The Widows Empowerment Trust

Notes to the Financial Statements - continued for the Year Ended 30 September 2022

9. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 16,099 (15,775 ) 324
Restricted funds
Restricted funds
82,359 (55,112 ) 27,247
TOTAL FUNDS 98,458 (70,887 ) 27,571
Comparatives for movement in funds
Net
At movement At
1.10.20 in funds 30.9.21
£ £ £
Unrestricted funds
General fund (2,360 ) 7,184 4,824
Restricted funds
Restricted funds
27,152 (24,282 ) 2,870
TOTAL FUNDS 24,792 (17,098 ) 7,694
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 20,127 (12,943 ) 7,184
Restricted funds
Restricted funds
44,271 (68,553 ) (24,282 )
TOTAL FUNDS 64,398 (81,496 ) (17,098 )

continued...

Page 14

The Widows Empowerment Trust

Notes to the Financial Statements - continued

for the Year Ended 30 September 2022

9. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
At movement At
1.10.20 in funds 30.9.22
£ £ £
Unrestricted funds
General fund (2,360) 7,508 5,148
Restricted funds
Restricted funds
27,152 2,965 30,117
TOTAL FUNDS 24,792 10,473 35,265

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 36,226 (28,718 ) 7,508
Restricted funds
Restricted funds
126,630 (123,665 ) 2,965
TOTAL FUNDS 162,856 (152,383 ) 10,473

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 September 2022 (YE 30 September 2021: nil)

11. RESTRICTED FUNDS

The total restricted funds as at 30 September 2022 was £30,117 (YE 30 September 2021: £2,870)

Page 15

continued...

The Widows Empowerment Trust

Notes to the Financial Statements - continued for the Year Ended 30 September 2022

12. MOVEMENT IN RESTRICTED FUNDS

Brought Resources
Restricted funds Forward Incoming resources expended Carried forward
Kickstart programmes 464 3,000 3,464 0
Clockwork Foundations 1,892 2,112 1,892 2,112
We Love MCR 0 3,655 0 3,655
Big Lottery Special 19,485 0 19,485
Edward Gosling 5,000 3,295 1,705
Charity services 514 3,000 1,152 2,362
Albert Hunt 1,000 659 341
N.I.F 1,099 642 457
Allen Foundation 5,000 5,000 0
MCR District Nurse 1,152 1,152 0
Foyle Foundation 4,000 4,000 0
DWF Foundation 2,500 2,500 0
Emergancy Care Winter 1,000 1,000 0
Trusthouse Foundation 7,664 7,664 0
Ambition Ageing 4,448 4,448 0
Total Restricted Funds 2,870 64,115 36,868 30,117

13. UNRESTRICTED FUNDS

The total unrestricted funds as at 30 September 2022 was £5,148 (YE 30 September 2021: £4,824)

The unrestricted funds received were as follows:

Peter Kershaw - £2,000 Arnold Clarke - £1,000 Asda Foundation- £500 MCR Alliance - £920 Asda 1 - £875 GSK Growing Fund – The Kings fund - £10,000

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The Widows Empowerment Trust

Detailed Statement of Financial Activities for the Year Ended 30 September 2022

Detailed Statement of Financial Activities
for the Year Ended 30 September 2022
30.9.22 30.9.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 11,900 20,827
Grants 85,755 40,835
Other income 801 1,498
98,456 63,160
Other trading activities
Fundraising events - 1,154
Investment income
Deposit account interest 2 84
Total incoming resources 98,458 64,398
EXPENDITURE
Charitable activities
Wages 25,903 32,865
Insurance 206 174
Telephone 935 779
Travel and subsistence 7,196 1,812
Gifts to Widows 249 591
Purchases 1,950 1,392
Advertising - 278
Office expenses 1,608 1,575
Facilitators 14,629 13,528
Fundraising and events costs 5,623 13,903
Rent 3,595 3,399
Memberships 75 -
Training 60 4,577
IT costs 1,499 669
Project costs 4,415 3,300
Computer equipment 2,024 1,231
69,967 80,073
Support costs
Finance
Bank charges 14 -
Governance costs
Accountancy and legal fees 906 1,423
Total resources expended 70,887 81,496
Net income/(expenditure) 27,571 (17,098 )

This page does not form part of the statutory financial statements

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