TAuoN WOMEN'S AID ANNUAL REPORT & UNAUDITED FINANCIAL STATEMEIITS FOR ThE YEAR ENDED 31 MARCH 2(124 REGISTERED CHARITY I In323 P O Box 28&TuNtOts Someryet Trns*es' R¢ IndeIent Exwnintr's Rert Ststem¢nt of FinwKial A¢tivitiex Balanee Sheet Ststemrntof C45hfiow Noie5 to the Finatt¢ial Statemcnts 9-14
T# nwo Trnstees: Judith J¥kso Judith Smith Hilary Corcornn ADA¢ Kearl¢ Lucy Niclx>llsryBrie¢ Victoria Hatwa Gerajdine Wadharn Chair Prfjtscipl Address: POBox286 Taunton Somerset TA2 6YD IDdepetsdeTrt Eximiner. Sarnh Twisi FCA [hA A C Mole LLP Stafford Houx Blxkbrt%Jk P•rk Avtnuc Tauttion Somcwset TAI 2PX Banken: Nal*)yd Westsninster Bank plc 2&27 Fore Srrtrt Taunton TAI IJQ
The Trusteu th¢ir Rwrt togetherwith the financial statrments of the Chyrity for the y¢ar ended 31 Mch 2024. Struetur¢ lod Govtrnthet The Charity is a CIO (Chariiablc Incorporated Organi58tion) and registered on 29 March 2017. The Charity's registered number is 1172323. The initiaj furmls of the CIO were re¢eiv¢d as a transfer of lssets and li8biliti¢s transferred frorn the fornr Unincowtcd thtrity TatOn Women's Aid Ir¢gist¢red number 273441). A list of Trustees, who served during the period. is given on page l. The TnAtees oversee the tnanagement of the Cknrity and dKide its Strate8i¢ dirEction with re8ard its thorithble objeaives. ObJeefiv¢g #nd Aethtdej Tk objects olthe CIO ar¢.. To promote the pn)tecfion of adults and ¢hildr¢n WI b•v¢ sutTertd or 5uffuing fiDm or have been exposed to domeJti¢ abuse by sh means ¢haritabl¢ including the preservation of their mentsl and phy8i¢at health. the reli¢fof need and th¢ promotion of education conceming dome51ic knu5¢. These obj¢ctiv¢s will be mlinly a¢hieved through the •wardin8of . The Trys¢ees confirm that they have r¢ed ty the guidanee Comained in the Chwity Commission'5 g¢nern] guidance on publi¢ benefit when reviewing the Ch•rity's aims objec¢ives and in planning firtur¢ Wiyities. Chalr's report The finan¢iAi year 2023n024 has K¢n TWA cotitinue to gront aid local Or81$0rt$ offerin8 seryices 8t 51rpport lo F¢ople have suffered from, or #re atrecied by. thme5ti¢ abuse. Whilst in thc past TWA has BeTher]Y not paid more thon on¢ Brant to an organisation, this year it has deviaied from thi5 tA)licy and all three grants made were to fomier gram recipients. Each of the three charilies corld has &Yoved kn be very successful end well m¥ed, and providin¥ much needed supw>rt to mlny p¢oplc wrthin the loc area. The emph1$ has $0 been on the provision of services r4iher than the dclivery of ¢ducaiiottal programmes, but thi5 refle¢ts the nawre of the •pplicaiion5 ret¢ived, thl TWA will wntinue to consid¢r all opplication5 that meet its criieriL The Charity owns a Pur1 built refv8e building whith li lell%d ft¥ tha¢ purpose since 2012. The trustees have revalu&l th¢ pmpeny 8t 31. March 2024 ¢0 the fwr value of WU,(KIO. This y¢&r the recommissioning of domestic abusc servi¢e5 by the County Council wilh the consequeTYX that YOU Tnmt ienninad its leasc of the refiJ8¢ premists ai the end of M&rch and a new lease was agreed and Bramcd to Julian House on similar ternis and at th¢ $4mc renL prttir to the end of the fLnan¢ihl yw. TWA was pleased to be 8ble to sLure the continued use of th¢ refuge buildin8 for its inknded purpose. The rentsl provides the IHJlk of the Charity's irbeome altknu8h somc additional Inrne dc%s ¢ome from donations. The Tnre me¢t in pu50n or by Z4yom as aDd thn w¢quired. tii15t other day ty day business 15 conduct¢d by email. Against this backgrDund TWA has brcn pleased to rnake the followin8 8rants. £15,01)O poid to W¢llington Counsellin8 Services who provid¢ one to one counselling in the Welli08ton area. Alihou8h a rel1vElY new or8anisaibon, it has been shown io address a Previously unmet frorn women and childreft in th¢ Wtllin8ton orea providin8 8ood valuc for money. The Trusiees wrre pled ¢0 wntinue their SuprL A 8r8nt of £2.500 was paid to SARSA& ther Charity fomjcrly suprorted by TWA. fund the r¢41esign and updating of its Pau5c. Play. Slop website whi¢h is essential to Its PT¢ventstiv¢ work. A donatton of £250 was paid to SARSAS for the chrIskn appeal. This doni¢Jn will b¢ used to fund the helpline servi¢e in 2024. Finh]ly, a grant of £1.5W was ld Julifin HSe. This Brant used to purchas¢ 3 outdoor play 4uipmerrt whi¢h is in swe until the weatkr imprDves. Finally. we corttÉnue io support the CAB in its provision or Litigant in Persort 5UPPOrt setvice. Whi15t the CAB h•ve identified oth¢r sourtts of fimding for this prtsjcct in ihe ¢urr¢nt rirfrancial year, TWA has iThli¢ateAI that it would rnake a fithr gr in the hture if rryuired. Each recipient of a 8rant is requira to provide • as to how th¢ Br1 nh)ni¢$ t spenL th¢ Tnte¢S ar¢ generally pl¢ed with ihe standard o15uch r¢ports. Condiiiorts Im)$¢ on the grnnts if necess to ensure the objectives of the Charity w¢ met. Thn)u8h these rnechanisms we ar¢ able to ¢msure value for nry has been 8thicved. 8nd we are satisfied that this hws b¢en the cjse in TElation to exh 8r•nt. We IKJpe continue to sUP[rt cxistin8 and new 8ppli¢ants in the corning year.
Finly, I would like to pui on record my thanks to my feuow Trustee5 for gen¢rously giving of their time and ¢xpertise to the Charity. Ther¢ is & wid¢ range of skills amongst thc Tn arwj l am alwdys for their commithJ¢nL 5UPPOrt and ¢xp¢rti5e in our wt)rk and dls1On makin Fkn•Mclal Review Income for the year anKunted to £35.428 {2023: £35294). Grnni fijndins of £19250 (2023.. £30.81XI) was agreed within th¢ year. The administro¢ion costs of the charity were £7.906 (2023: £8,574). The Trusiee's wnsiderth¥ the fair vaJu¢ of the propety of £6.000 rhpins appropriat Rtterv¢8 Polley Nttd fTrr RtJervo• The factors that imp¥t on thc need for rexrves have been se$sed to include: * unexpected Costs on the refu8e buildin¥ • oiher committed or unplanned ¢xpenditur¢ uncertaiiity 8round income from donaiions and legacies • future nceds. opportunities. contingencies or risks the effects of whi¢h ¢ unlikely w be met out of futyre ittco iKvel of Rejervej Tht trustc¢s a¢knowl¢dge thAt they have • 8enernl l¢8AI duty to apply clwiiy funds within & re•%MMbl¢ iirne of recrivin8 them, whilst ensuring the charity Li eXP05ed finarKiaVtiquidity risk. The minimum level of reserves will be equal to th¢ Costs of th¢ ¢hvity for thre¢ months, but reserves are also mairttsined to cnsur¢ w¢ Are le to n¢1 ihe ¢os¢s of m#inl4inin8 the butldithg Jnd awgrding grnnis thli med our criieria. ADvestm¢nt of FuAd Under the Tru¢¢ Aet 20(N), trust¢¢s arc required io have 8 written investmeni policy. They arc also required ty demonstrate that th¢y review thLS lley. and ihe perf0mn¢t of any inv¢sthieni 9dvis¢rs if p)iMe4, to ensure that funds arE being managed in ihe b¢st interest of 811 tonnea parties. This Act imposes a duty on tIK)se actinB as chvtty trnslees when exerci5in8 iheir powers of inveslrnen4 to consider fv need for div¢nifvtK>n. itt order reduc¢ the risk of loss should &n investmem f811. The charily the poThv inv¢# in laTrJ and buildings and investsnen¢ assets. 14ttd aThl buildings ar¢ to be held by the Offlcial Custodian rather ihan io the nam¢s of itidividual trusttts. The level of reservcs is to be r¢viewed #Dnually, as part of the settinB process and wrth ref¢Tence to the busines5 plon. The wJli¢y is to be r¢viewed by the tru¢es should there be a materid chllng¢ in cl$ or at k&£t every three years. Rtsk Poliey The m&jor risk5 10 Ithich th¢ ¢try is ¢xpc*cd h•ve been reviewtd ind systems hjve been put in ple or are b¢ing in place to miii84t¢ these ri5kJ. Going CoTr¢er The trustee¥ have consid¢red thcir risk &ssessm¢nt over the viability of Ihe charTty for thc following 12 monihs. They do not otxsider that Ihcrc will be any redwion in income or on octivitie5 tIK charÈty dots not d¢liver 5ervi¢es, employ stsff OT occupy any premises. Therr ue sufficient cash rerVeS to meet the ongotn8 TminIStration a)5ts of ¢h¢ chgrity and 4ny unforeseen $ts to the fabric of the refuge buildin8 >t Covered by the terms of the lease. Grant fvndin8 is ex(C ¢0 ¢ontinue over the next 12 months, predominandy covered by r¢venue. As 31 Mwch 2024 free rtserves stood at £216J25 {2023.. £208,053).
Re4bDMthJIIIIM oftht Tr•t¢t4
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tr I report to the trust¢e5 on my examination of the xcfjunts of Tauntoa Women's Aid (the Charity) for the year ended 31 March 2024. whi¢h are sd out on pages 6 to 12. Responsibilities basls ofreport As the chartty trustees of the Chaity Y< are responsible for the preparnion of the ac¢ounts in lerdance with the requirements of the Charities Act 2011('the Act.). I report in resp¢ of my ¢xamination of the CharAty'S accujnts wried out under section 145 of the 2011 Act and in ¢anying out my exarnination I hav¢ followed all the appli¢able Dire¢tion5 givm by the Charity Commi&sion under section 145(5Xb) of the 2011 Act. Indep¢ndeTrt ex*mlner's ststethent I have Completed my examination. I confimi malwial tllattm have ¢ome to my aftention in conne¢tion with the examtnation giving me cause to believe that in any materiai respect.. {1) accouniin8 r¢cords were kept in respeci of the Trusi rtyuired by seciion 130 of the ACL. or (2) the a¢¢ounts do not accord with thos¢ re¢(Yds' LY {3) the accounts do not romply with the appli¢able requir¢ments concerning the foTm and c4)nt¢nl of accounts set Oul in thr Charities (Accounts and ReporL%) Re8ulation$ 2008 oth¢r than any rcquirement thai th¢ a¢¢ounts give a 'irue and fair view, which is not a matter considered as part of an independent ¢xaminarion. I have no concern$ and have come across no other matteTS in cth)ntt¢ion with the examination to which attention should be drawn in this report in order to enable a proper und¢r5thndin8 of the accounts to be reach. Sarah Twisi FCA DChA A C Mol¢ LLP Chan¢red Accountants Stafford House Bla¢kbrook P&Tk Avenue Taunton Som¢r5et TAI 2PX 025
T&un Women UDr¢5triCd UNeslricted Totsl Funds Tofal Funds Funds Fund5 Year End¢d Year Ended INCOME Donations Investment tn¢on 484 34.944 1,900 33,394 34.944 35.428 35,428 35.294 EXPENDITURE ON:. Chariuble a¢tiviiies 27.156 27,156 39,374 27.156 27,156 39,374 Gains on investment Assets 275,0 8272 8272 270.Y20 Tl Tothl funds brought forward 208,053 808,053 537.133 Total ndS wtied forw4rd 13 216J25 600.000 816.325 808,053 Th¢ no1¢5 on pa8cx 8- 12 fonn part of these fina11 ststrtheDts
FLYED ASSETS Inveskncni wqxrty IkbioY8 Fftpayrncttts C8th and * bw 1233 231582 io 1.963 225230 233.815 227.193 CREDITOR& F•llth8 Dut I I Wlthln Oll• Ymr 17.490 19.140 ET CURRENT ET3 216J25 208.053 NET A&sErs 816J25 808,053 ThE FUMIS OF THE CHARrrY Geiieral D¢Jiwthted 2IoJ25 20I05J 114325 808.053 These fllw*iJl ltern¢ wu¢ allV1 by I ioll thcir b¢hAlf by: Judilh J4¢kwi. Th•ir The not¢5 Cd F4Be$ 8- 12 fLTh ofthese
r4ott5 to the FinAn I Slte¥ne fortht r tuded 31 M•rth 2024 l AecouTr¢ing Policies grlty Taunton Wometb's Aid is a Clwitable Incorw¢ed organtliOn (CIO) registered with the Charity Commissioners No. 1172323 aThJ 15 constimed by i(8 governing document dated 29 Marth 2017. Bagis of prtpartion Th¢ financial Statements have becn prepwed under the histQriC81 cost wnventioh as modified by the revaluauon of investmeni property me•suted at fair Val through the &ament of finwjcial activities. The financial statements have also b¢en prepared in accordan¢¢ wilh Accounting and RertIng by Chariti¢$.' Staternent of Recomrnended PtIce pplicablc to charities prepartng their a¢counts in o¢cordan¢¢ with the Finonrial Rewjning Standard appli¢?ble in th¢ UK and Republic of Ireland IFRS 102) {¢(rlIve l Jantw 20191- (Chariti¢s SORP (FRS 1021). the Financial Reporting Standwd applicabk in the Uni¢ed Ktngdom and Republic of irclaTh4 IFRS102) and the Charities Act 2011. Taunton Women's Aid meets the definilion of • publi¢ benefrt entity as defined by FRS 102. The trMste¢s consider that there are maiwi•l WKWtsinti¢s alK)th th¢ charity's ability to continu¢ 4 going C4)n¢ern. Ineomt reco¥nltlon All income is included in the Slaiement of Fintncial Aaivilies when the chartry is le8ally entitled to the incom¢ and ihE amount can quantified with retsonabl¢ CUy. Income is only d¢feTh¢d when the donor ha5 specified restriciions in the expendiiurn of th¢ resources. Exp•ndliure reco1110 Expenditure is r¢coKnis¢d on the orKnlS bj5 as a liability is itteurT¢d. Intwvwable VAT is ¢har¥¢d a8airtst the expenditure headin8 for whi¢h it was incurred. Expendiiurc on ¢harit•blc a¢tivitie5 wmprises those costs incurrtd by the charity in the delivery of its activitieA and s¢ryi¢cs for its bencficiaries. It In¢1¢8 both $ts that can be Dllocatsd dIrllY lo such activititt and th0 eosty of indirect nwure n¢ccssgry io supwjn them IrKIlift8 8OV¢rn&rte costs. Grt$ peythl¢ are payments to third Parti in the fiuthernnee ofth¢ Charitsbk obje¢ts of the Chwity. In th¢ se of an un¢ondrlional 8rant off¢r this is •ccnKd otKe the rlpleI has becn notified ofthe grant awwd. Grartt awards thRt are subj¢rf to the re¢ipient fulfilling perfornwice o)ndÈti¢Jn5 ar¢ only kccru¢d when the recipient has been noiified of the grant artd any remaining unfuifjlled cond1tK)r atta¢hin8 to that grant Ire Olltsid¢ of the ¢ontrol of the eh4rily. Funth strwlure Unrestrithd getKral funds.. These are fvnds tCh ¢an be in xeordK¢ with th¢ ¢hariiy'J obje¢tiveJ at the diser¢tion of the TNstee$. Unrestrict¢d deS18red funds.. Tkne fiwds thich h&v¢ been set 05id¢ by the Truskej for specific purposes. Investment property lttvestment prop¢rty is sthted at the truste¢5' ¢Stimatc of mkct value as set on in note 8. Ch 8Dd cajb equlvlents Cash and c45b equivalents reprr%nts cash in harrfl inslanl bank &¢Kount& Flnncll IDitrumets The rllvity only has fjnanciai liabiliti¢s that qualify as basic finaKiai instruments. Basic fjnancial ins(rnment5 e rVglS¢d at transolOn wi¢¢ and subwuelrtly mwur¢d at wrAtis&J cost.
Taunton Wtrmen'5 Ald FiniaciAI tements for CrltieAI #eeDyntingJudgewents tStim#tioTr #metrtainty In the Hpplicion of the Clwity's #ctIng lIcIeS describcd aFKJv< trust& Are wuired to m&ke judg¢m¢nts. estimaw and a55umpiions abtstrt the WryiDg vaJu¢s of &55cts ond li&biliti¢s are not readily apparent from other xJw¢es. Actual results may diff¢r from these wim4tes. Th¢ ¢s¢imates and underlyin8 umPI10n¥ are reviewed on an ongoing b&qi$. R¢visions lo ac¢outhtin8 eslimates are rKo8nised in th¢ period in whi¢h the estimate is revi5cd if th¢ revision Offe only that period. or in the period of the revision •nd future period5. The key sour$ of esiimation wKenty have 8 si80ificknt effect on the amounts recognised in the financial ststements are described belo.- EsiinwiioK offair le ofuDYsfft0Wr{Ies AJ describ in note 8. the fair value of invc51ment prowies is bd on the Tru5tee$ valuation on All open market basis. InveStmt income- IlDrutrleted Year Ended Ycar Ended Rent 1ved Bank interest 32.000 2.944 32,438 956 34.944 33J94 Expendtture on ebarit8blt •¢tlvitie4- nn$trIc Ye•r Ended Ye•r Ended Grant$ awarded to in$ti¢ulions Support Costs (see note 4) 19250 7.906 JO.8WJ .574 27,156 39.374 This compris¢$ wants mad¢ ty I11tri0$ as foliows: 2024 No. of 2023 Tothl No. of Vajuc Orants Cttgory Tothl V8lue SociBI welfaTe 19.250 30.800
TAllllton Women'$ Aid to the F-nattciaj Statemthts for •rez 31Ma ltysis ofgovtrttnee nd support ts- T¢rI Year Ended Year Ended 03.24 Rent and rates Insurance Professional fr Ststionery> Postsge and adY¢rtising Course fec5 and subs¢rÈptioos Bank charges and loan interesi Independent Exthjiner's fee 792 4.310 630 554 60 360 1200 732 3.004 2.874 364 100 360 1,140 7.906 8.574 ineom for th¢ period Year Ended Yew Et)ded N¢t Im¢ for the period is ated aft¢r ¢tiar8i lttdepMdeni Examiner's fee 1.200 .140 1200 1.140 Trust¢u R•muD¢r•tlon Ind EipeASa The charity considen Éts key maMg¢meni peNinl kn Comprise the Tn¥t¢es. No remuneraiiott, either direthly or indiredly, was pid or is payable from thc chwrrry's fund$ to any of the TrUe¢S or perno5 kn to b¢ Com¢ to them {2023: None). No reimbursement of experws has been ot is due kn b¢ n¥d¢ to of the Tntste¢s in respect of the yer12023'. None). R¢J•ted prty ¢r•nMdlons There re M) related pty tran&1015 dwtn8 th¢ year{2023: None). 10
Investment property Fair value at l April 2023 600.000 At 31 March 2024 600.000 The trustees have reviewed the inveslmeni propffty ValUlan at 31" M#rch 2024 and consider that a valuation ai fair ¥¢ of £600.000 renjains ¥ppn)priat•. Debtors 202 Trade debtor5 Prep#yments and ¥Crd tncome 438 1.525 1.233 1.963 10 Cish and Biok Cash in nd Ng1 W¢s¢ Taunton. Current Account N81 West Tallnto Reserve Acco1 lo.0 222,573 10.o(N) 215221 232,582 225,230 Crtditorj Accrual for grants payabl¢ her 16,250 1.240 17,9 1.240 17.490 19.140
-f2uoton Wo toth en'5 Aid ncial IMX 12 Summary ofNet Asy¢ts by FvTrd Unr¢stricred Unrtstri¢t GeneTrl Desi8nat¢d 2024 TotsI Gen¢rnl Designated und 2023 Fixcd assets Current assets Current liabilities 233,815 (17.490) 600.OLN) 600,000 227,193 (19.140) 233.815 (17.490) 227.193 {19.140) 216 J25 60(>,(thI 816.325 208,053 600.¢X)0 808.053 13 Mov•nent In funds Oeneral Desi8nwted 208,053 35.428 127.156) 216,325 600,0) 808.053 35,428 (27.156) 816,325 The de5i8nat¢d fund represents the fair v•lue of th¢ invesrm¢nt propffj. As these ure inves*d in a ionK4ernJ 45seL they are available to m¢d thr on8oin8 expenses of the charity. Mov¢mtt¢ ITr fundi12023 c4KnwJrathie) 14 s¢ri¢tsd Fund Genernj Designated 211133 325,IMI 35.294 (39J74) 208.053 600,Lh)O 275,000 537.133 35294 (39.374) 275,0 808.053 15 OperatADg Lease The charity 15 due the following fimwe minimtun lejse IriPts under rcelIable op¢rating lews for which it 1$ l¢ssor. for each of the following p¢riod: Paytnents receivable: Within one year on¢ to five years 32.0fy) 32,(KbO -32,000 64,000 As a lessor the Clwity h8s an operating l¢as¢ on th¢ir illY¢stment propty. This is a fi¥year IEase du¢ to expir¢ i April 2028 with a br¢8k clause in April 2025. 12