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← The Widows Empowerment Trust

2023-09-30-accounts

REGISTERED CHARITY NUMBER: 1171317

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 September 2023

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 2023

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 2023

The trustees present their report with the financial statements of the charity for the year ended 30 September 2023. 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 bring 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 and 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 2023

THANK YOU NOTE FROM TRUSTEE BOARD MEMBER STEPHANIE ROBERTS

I would like to say a huge thank you for all of the effort and support provided by our volunteers. They have shown true dedication and compassion and have given all that they can in order to 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 410 and supported 349 service users this year.

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

THANK YOU NOTE FROM FOUNDER/CEO OYOVWE KIGHO

Our journey together over this financial year has only enhanced my appreciation of everyone that has supported our charity directly or indirectly to make a successful impact of social inclusion and were able to support 349 individuals through loss, grief and bereavement . We have helped tackle loneliness and 70% of our beneficiaries become socially inclusive .

When our beneficiaries reach out to the charity, 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 that there is no one out there that can relate to their grieve. 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 to provide 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 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.

The Widows Empowerment Trust has reached out to 349 service users this year. 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 interact socially 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 includes volunteers both young and elderly in our community and students from the Universities such as Manchester, MMU and Salford University getting involved.

Page 2

The Widows Empowerment Trust

Report of the Trustees for the Year Ended 30 September 2023

It is estimated that 29% widows are lonely and isolated which could lead to poor physical and mental issues. Widows living in the UK, sometimes struggle to have their voices heard by Government and the political system. The result is that widows can become some of the most marginalised people 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 enabled us to track our progress and achievement at the end of each project. Also, we encouraged our service users to provide feedback after every activity. Below is a list of the services that we provided last year:

EXPLORING CULTURE AND GRIEF

This year we received funding from The Heritage Fund to explore West African Black cultural grief and the practices that are deployed to help widows grieve so that with this rich understanding – bereavement services in Manchester can offer a more supportive and culture rich support.

The reason why we embarked upon this journey is because we have heard from our beneficiaries about how the support that is currently available is centred around white grieving cultural practices and does not consider how other culture’s grieving practices can actually help aid the bereavement process. We will be exploring and cataloguing the experience of grief relating to West African Black culture in order to preserve this practice in Manchester and ultimately in the UK. With this rich information we will be able to tailor our support also in terms of how we help the beneficiaries to re-integrate back into society.

BEFRIENDING SERVICES

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 2023

MEALS OUT

When someone loses a life partner, they also lose their social circle and 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. Our volunteers helped to donate 50 toys to the hospital to support unwell children.

ON-LINE COOKING CLASSES

We introduced on-line cooking workshop once a month during 2022 and continue to help support nutritional eating. Cooking together helps to alleviate 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 is more than just having fun together, it is about being in a safe space where our community is free from judgement and at least once a month they 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. They offer to take them shopping especially those who find it difficult to get out on their own.

• We delivered shopping to 30 of our service users throughout the year.

• By helping widows and widowers we are relieving the need for other organisations and charities to provide this service, many are stretched thin as it is, hence why providing this support is crucial.

ARTS & CRAFTS

We provide a weekly workshop for our service users. This has allowed our beneficiaries to meet and socialise face-to-face. The workshops helps 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.

• 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 40 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.

Student placements

Page 4

The Widows Empowerment Trust

Report of the Trustees

for the Year Ended 30 September 2023

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, Global Business School and University of Salford to provide work-based learning in the Psychology and Health and Social Care departments to 45 students.

• We asked the students to help with research and developing a survey to measure loneliness, to develop a PR plan and social media campaign to continue to raise awareness for Loneliness and Social Isolation, to attend community visits, and to help with fundraising so that they gain a variety of employable skills.

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

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

• The skills learned will help them to secure future employment as they will have developed skills that are transferable in any career.

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 21 regular active volunteers

• 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:

CAMPAIGN AND AWARNESS (MEDIA & PR)

Featured in local newspaper Oldham Council Summer 2023

• Featured in Local Newspapers (The Chronicle, Manchester Evening News) various times throughout the year.

Award/ Honoured by King Charles III

Mrs Oyovwe Kigho, Founder/CEO, was honoured British Empire Medal (BEM) by King Charles III For her outstanding and inspirational work in the community. Awaiting to receive the medal and celebration at the palace, London.

Mrs.Oyovwe Kigho, CEO, was awarded Coronation Champion in celebration of King Charles III Coronation.She also was invited to celebrate King Charles III Coronation event in London in May 2023, for her outstanding efforts and the voluntary hours that she has given to The Widows Empowerment Trust.

OUR FUTURE PLANS

Page 5

The Widows Empowerment Trust

Report of the Trustees for the Year Ended 30 September 2023

• Expand our creativity classes and meet up sessions throughout the UK to help support the bereaved spouses.

• We endeavour for the primary care services of the NHS to recognise our services for the bereaved and to be able to recommend using our services along with counselling support.

• We endeavour to create more opportunities for the community with our facilities centre. We would be able to create more job opportunities as well as volunteer opportunities.

We will continue to provide an all-inclusive social, safe space for our widows/widowers safe. We will continue to partner with local universities to be able to provide their students with office work experience as well as community care work experience. We will increase working partnership with the local jobcentre to be able provide work experience for their job seekers. We are committed to the continuance of training our volunteer befrienders, to be able to provide the best support that our beneficiaries require.

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 personal 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 2 months routine expenditure at £5,000 which the charity is working towards achieving. 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 M0 8WN

Trustees

V Keke S Roberts M Mcbride J E Mooney C Onumara (appointed 20.9.23)

Independent Examiner

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

Page 6

The Widows Empowerment Trust

Report of the Trustees for the Year Ended 30 September 2023

Approved by order of the board of trustees on 26 January 2024 and signed on its behalf by:

S Roberts - Trustee

Page 7

Independent Examiner's Report to the Trustees of The Widows Empowerment Trust

Independent examiner's report to the trustees of The Widows Empowerment Trust

I report to the charity trustees on my examination of the accounts of The Widows Empowerment Trust (the Trust) for the year ended 30 September 2023.

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

  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 concerns 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.

Su Rai BA Hons, FCA, DChA Raise Chartered Accountants 10th Floor 3 Hardman Street Spinningfields Manchester M3 3HF

26 January 2024

Page 8

The Widows Empowerment Trust

Statement of Financial Activities for the Year Ended 30 September 2023

Unrestricted
Restricted
fund
fund
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
9,932
1
Charitable activities
Fundraising and events
-
9,550
Befriending
-
4,500
Art &Craft/Bingo nights
-
8,750
Community work
-
21,542
Cook & Taste event
-
800
Project costs
-
58,443
Kickstart programme
-
-
Investment income
2
70
-
Total
10,002
103,586
EXPENDITURE ON
Charitable activities
Fundraising and events
1,084
6,223
Befriending
1,465
4,009
Africa Initative Programs
1,004
-
Aniversary event
-
-
Art &Craft/Bingo nights
-
4,980
Community work
160
14,345
Cook & Taste event
-
524
Project costs
11,125
53,577
Kickstart programme
-
-
Total
14,838
83,658
NET INCOME/(EXPENDITURE)
(4,836)
19,928
RECONCILIATION OF FUNDS
Total funds brought forward
5,148
30,117
TOTAL FUNDS CARRIED FORWARD
312
50,045		 30.9.23
30.9.22
Total
Total
funds
funds
£
£
9,933
12,701
9,550
2,100
4,500
11,948
8,750
5,500
21,542
19,816
800
920
58,443
44,596
-
875
70
2
113,588
98,458
7,307
4,433
5,474
12,486
1,004
2,415
-
765
4,980
4,658
14,505
9,245
524
427
64,702
35,974
-
484
98,496
70,887
15,092
27,571
35,265
7,694
50,357
35,265

The notes form part of these financial statements

Page 9

The Widows Empowerment Trust

Balance Sheet 30 September 2023

30.9.23 30.9.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 147 1,418 1,565 2,604
CURRENT ASSETS
Debtors 6 700 - 700 800
Cash in hand 1,242 48,627 49,869 32,677
CREDITORS 1,942 48,627 50,569 33,477
Amounts falling due within one year 7 (1,777) - (1,777) (816)
NET CURRENT ASSETS 165 48,627 48,792 32,661
TOTAL ASSETS LESS CURRENT LIABILITIES 312 50,045 50,357 35,265
NET ASSETS 312 50,045 50,357 35,265
FUNDS 8
Unrestricted funds 312 5,148
Restricted funds 50,045 30,117
TOTAL FUNDS 50,357 35,265

The financial statements were approved by the Board of Trustees and authorised for issue on 26 January 2024 and were signed on its behalf by:

S Roberts - Trustee

The notes form part of these financial statements

Page 10

The Widows Empowerment Trust

2.

Notes to the Financial Statements for the Year Ended 30 September 2023

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.

Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

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.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

INVESTMENT INCOME

INVESTMENT INCOME
30.9.23 30.9.22
£ £
Deposit account interest 70 2

continued...

Page 11

The Widows Empowerment Trust

Notes to the Financial Statements - continued for the Year Ended 30 September 2023

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration payments or other benefits for the year ended 30 September 2023 nor for the year ended 30 September 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2023 nor for the year ended 30 September 2022.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Restricted Total
fund fund funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 802 11,899 12,701
Charitable activities
Fundraising and events - 2,100 2,100
Befriending 3,500 8,448 11,948
Art &Craft/Bingo nights - 5,500 5,500
Community work - 19,816 19,816
Cook & Taste event 920 - 920
Project costs 10,000 34,596 44,596
Kickstart programme 875 - 875
Investment income 2 - 2
Total 16,099 82,359 98,458
EXPENDITURE ON
Charitable activities
Fundraising and events 1,624 2,809 4,433
Befriending 4,398 8,088 12,486
Africa Initative Programs 2,415 - 2,415
Aniversary event 765 - 765
Art &Craft/Bingo nights 523 4,135 4,658
Community work 682 8,563 9,245
Cook & Taste event - 427 427
Project costs 5,075 30,899 35,974
Kickstart programme 291 193 484
Total 15,773 55,114 70,887
NET INCOME 326 27,245 27,571
RECONCILIATION OF FUNDS
Total funds brought forward 4,824 2,870 7,694
TOTAL FUNDS CARRIED FORWARD 5,150 30,115 35,265

continued...

Page 12

The Widows Empowerment Trust

Notes to the Financial Statements - continued for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS

6.

7.

8.

TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 October 2022 374 9,508 9,882
Additions 545 - 545
At 30 September 2023 919 9,508 10,427
DEPRECIATION
At 1 October 2022 374 6,904 7,278
Charge for year 182 1,402 1,584
At 30 September 2023 556 8,306 8,862
NET BOOK VALUE
At 30 September 2023 363 1,202 1,565
At 30 September 2022 - 2,604 2,604
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors 30.9.23
£
700		 30.9.22
£
800
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Taxation and social security 30.9.23
£
924		 30.9.22
£
-
Other creditors 853 816
1,777 816
MOVEMENT IN FUNDS
Unrestricted funds At
1.10.22
£		 Net
movement
in funds
£		 At
30.9.23
£
General fund 5,148 (4,836) 312
Restricted funds
Restricted funds 30,117 19,928 50,045
TOTAL FUNDS 35,265 15,092 50,357

continued...

Page 13

The Widows Empowerment Trust

Notes to the Financial Statements - continued for the Year Ended 30 September 2023

8. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
10,002
(14,838)
(4,836)
103,586
(83,658)
19,928
113,588
(98,496)
15,092
Net
At
movement
At
1.10.21
in funds
30.9.22
£
£
£
4,824
324
5,148
2,870
27,247
30,117
7,694
27,571
35,265
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
16,099
(15,775)
324
82,359
(55,112)
27,247
98,458
(70,887)
27,571

continued...

Page 14

The Widows Empowerment Trust

Notes to the Financial Statements - continued for the Year Ended 30 September 2023

8. MOVEMENT IN FUNDS - continued

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

Net
At movement At
1.10.21 in funds 30.9.23
£ £ £
Unrestricted funds
General fund 4,824 (4,512) 312
Restricted funds
Restricted funds
2,870 47,175 50,045
TOTAL FUNDS 7,694 42,663 50,357

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
26,101
(30,613)
(4,512)
185,945
(138,770)
47,175
212,046
(169,383)
42,663

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 September 2023 (YE 30 September 2022: nil)

10. RESTRICTED FUNDS

The total restricted funds as at 30 September 2023 was £50,045 (YE 30 September 2022: £30,117)

The restricted funds received were as follows:

National Lottery - To go towards training, session work, wages and contribution towards rent. Edward Gosling - To go towards training, session work and contribution towards wages. Foyle Founding- To go towards community outreach. Francis Winham - To go towards community outreach. Prince's Trust- To go towards a new workshop. Heritage Grief- To go towards community shopping. Dowager Countess - To go towards arts & crafts and bingo events. Coalfield Regeneration - To go towards community outreach. Awards For All - To go towards events and contribution towards rent. Eric Wright - To go towards session work. Hedley Foundation - To go towards arts & crafts and bingo events. Groundwork UK - Contribution towards the meals out. Garfield Weston- To go towards community outreach and contribution towards rent. Barnett Development - Contribution towards the meals out and rent.

continued...

Page 15

12. UNRESTRICTED FUNDS

The Widows Empowerment Trust

Notes to the Financial Statements - continued for the Year Ended 30 September 2023

11. MOVEMENT IN FUNDS

Brought Resources
Restricted funds Forward Incoming resources expended Carried forward
Kickstart programmes 0 0 0 0
Clockwork Foundations 2,112 0 2,112 0
We Love MCR 3,655 0 3,655 0
Big Lottery Special 19,485 39.943 30,853 28,575
Edward Gosling 1,705 10,000 7,530 4,175
Charity services 2,362 0 2,362 0
Albert Hunt 341 0 341 0
N.I.F 457 0 457 0
Francis Winham 3,000 1,019 1,981
Prince's Trust 3,500 1,546 1,954
Foyle Foundation 8,000 0 8,000
Heritage Grief 13,042 8,219 4,823
Dowager Countess 5,000 4,827 173
Coalfield Regeneration 2,000 2,000 0
Awards For All 9,550 9,186 364
Eric Wright 800 800 0
Hedley Foundation 3,750 3,750 0
Groundwork UK 500 500 0
Garfield Weston 3,000 3,000 0
Barnett Development 1,500 1,500 0
Total Restricted Funds 30,117 103,585 84,021 50,045

The total unrestricted funds as at 30 September 2023 were £312 (YE 30 September 2022: £5,148)

The unrestricted funds received were as follow:

Donations - £8,466 HMRC ( gift aitd) - £1,466

Page 16

The Widows Empowerment Trust

Detailed Statement of Financial Activities for the Year Ended 30 September 2023

Detailed Statement of Financial Activities
for the Year Ended 30 September 2023
30.9.23 30.9.22
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 8,467 11,900
Other income 1,466 801
Investment income 9,933 12,701
Deposit account interest 70 2
Charitable activities
Grants 103,585 85,755
Total incoming resources 113,588 98,458
EXPENDITURE
Charitable activities
Wages 51,850 25,903
Pensions 703 -
Insurance 171 206
Telephone 1,156 935
Sundries 378 -
Travel and subsistence 9,170 7,196
Gifts to Widows 280 249
Purchases 3,332 1,950
Office expenses 2,403 1,608
Facilitators 6,727 14,629
Fundraising and events costs 7,446 5,623
Rent 4,409 3,595
Memberships - 75
Training 270 60
IT costs 3,239 1,499
Project costs 4,196 4,415
Storage costs 213 -
Fixtures and fittings 182 -
Computer equipment 1,402 2,024
Support costs 97,527 69,967
Finance
Bank charges 50 14
Governance costs
Accountancy and legal fees 919 906
Total resources expended 98,496 70,887
Net income 15,092 27,571

This page does not form part of the statutory financial statements

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