TAu￿oN WOMEN'S AID ANNUAL REPORT & UNAUDITED FINANCIAL STATEMEIITS FOR ThE YEAR ENDED 31 MARCH 2(124 REGISTERED CHARITY I In323 P O Box 28&T*uNtOts* Someryet Trns*es' R¢ Inde￿Ient Exwnintr's Re￿rt 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 M￿ch 2024. Struetur¢ lod Govtrn*thet 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 forn￿r Unincow￿tcd thtrity Ta￿tOn 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 s￿h 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 Or8￿1￿$0rt$ 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 corl￿d 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 emph￿1$ 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 Pur￿1￿ 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 iennina*d 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¢ $4mc renL prttir to the end of the fLnan¢ihl yw. TWA was pleased to be 8ble to sL*ure the continued use of th¢ refuge buildin8 for its inknded purpose. The rentsl provides the IHJlk of the Charity's irbeome altknu8h somc additional In￿rne dc%s ¢ome from donations. The Tn￿re￿ me¢t in pu50n or by Z4yom as aDd thn w¢quired. *tii15t other day ty day business 15 conduct¢d by email. Against this backgrDund TWA has brcn pleased to rnake the followin8 8rants. £15,01)O poid to W¢llington Counsellin8 Services who provid¢ one to one counselling in the Welli08ton area. Alihou8h a rel￿1vElY new or8anisaibon, it has been shown io address a Previously unmet frorn women and childreft in th¢ Wtllin8ton orea providin8 8ood valuc for money. The Trusiees wrre ple￿d ¢0 wntinue their Sup￿rL A 8r8nt of £2.500 was paid to SARSA& ￿ther Charity fomjcrly suprorted by TWA. ￿ fund the r¢41esign and updating of its Pau5c. Play. Slop website whi¢h is essential to Its PT¢ventstiv¢ work. A donatton of £250 was paid to SARSAS for the chrIskn￿ appeal. This don*i¢Jn will b¢ used to fund the helpline servi¢e in 2024. Finh]ly, a grant of £1.5W was ￿ld ￿ Julifin H￿Se. This Brant used to purchas¢ 3 outdoor play 4uipmerrt whi¢h is in swe until the weatkr imprDves. Finally. we corttÉnue io support the CAB in its provision or Litigant in Persort 5UPPOrt setvice. Whi15t the CAB h•ve identified oth¢r sourtts of fimding for this prtsjcct in ihe ¢urr¢nt rirfrancial year, TWA has iThli¢ateAI that it would rnake a fithr gr￿ in the hture if rryuired. Each recipient of a 8rant is requira to provide • as to how th¢ Br￿1 nh)ni¢$ *t spenL th¢ Tn￿te¢S ar¢ generally pl¢￿ed with ihe standard o15uch r¢ports. Condiiiorts Im￿)$¢￿ on the grnnts if necess￿ to ensure the objectives of the Charity w¢ met. Thn)u8h these rnechanisms we ar¢ able to ¢msure value for ￿nry has been 8thicved. 8nd we are satisfied that this hws b¢en the cjse in TElation to exh 8r•nt. We IKJpe ￿ continue to sUP[￿rt cxistin8 and new 8ppli¢ants in the corning year. Fin￿ly, I would like to pui on record my thanks to my feuow Trustee5 for gen¢rously giving of their time and ¢xpertise to the Charity. Ther¢ is & wid¢ range of skills amongst thc Tn￿ arwj l am alwdys for their commithJ¢nL 5UPPOrt and ¢xp¢rti5e in our wt)rk and d￿ls1On makin Fkn•Mclal Review Income for the year anK*unted to £35.428 {2023: £35294). Grnni fijndins of £19250 (2023.. £30.81XI) was agreed within th¢ year. The administro¢ion costs of the charity were £7.906 (2023: £8,574). The Trusiee's wnsiderth¥ the fair vaJu¢ of the propety of £6￿.000 r*hpins appropriat Rtterv¢8 Polley Nttd fTrr RtJervo• The factors that imp¥t on thc need for rexrves have been ￿se$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 perf0m￿n¢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￿￿￿$￿￿ or at k&£t every three years. Rtsk Poliey The m&jor risk5 10 Ithich th¢ ¢￿try is ¢xpc*cd h•ve been reviewtd ind systems hjve been put in pl￿e or are b¢ing in place to miii84t¢ these ri5kJ. Going CoTr¢er The trustee¥ have consid¢red thcir risk &ssessm¢nt over the viability of Ihe charTty for thc following 12 monihs. They do not otxsider that Ihcrc will be any redwion in income or on octivitie5 tIK charÈty dots not d¢liver 5ervi¢es, employ stsff OT occupy any premises. Therr ue sufficient cash r￿erVeS to meet the ongotn8 T￿minIStration a)5ts of ¢h¢ chgrity and 4ny unforeseen ￿$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 The tNstces ar¢ reSp(￿ible f(* th¢ TnLwed Rewt the fu¥Dcl•l ID 4¢rLYd•n¢e with Eppli¢ible A¢o)rdaD¢e with applioblc Iw 9￿1 Unikd KW¥D Si•Jthrth i￿lUdIng Fin*Ki*J Re￿11￿6 Stotsdonl 1tr2'. The FiMncl&l R¢portln8 St0tyJ￿d applic8bk io the UK Rqubli¢ of Ire1M￿ IUthÈ*d KinB&•u Cttwally Ac¢epted The l*w •pplic8bk to th￿111¢# in & W￿* rtqulres thp ￿Ch tIMnel•l ptriod which Biv¢ a and fair vivw of the *4te of •ff8irs ofthe of the inc(￿e eX￿di￿ of the th4rity ￿1¢¢1 WIt￿le E*Jknirs and th¢n 8ppty them ohery¢ the Mah￿j9 ￿kn¢1p1￿ in the (knities SOBP, ' Itate whdlltr Appli￿6k 4ctouuiin8 have bt¢n ma￿1*1 d¢mr# diKkwl expioined in thc fiiwKlal Iud ' Prep•￿ the fflnaD¢tsl #ll￿ts ijn th¢ goi￿ e8 thc CLknStilutI￿ Thty ave r¢w$ible ror ￿regu￿dIn8 the of the henry ftr i•kiD8 f(ff the preThtirffl •)d &te¢iioD orrrnud ind other irre8ul•ritie& The In￿¢¢8 w¢ Mpmiibk fty m4lni¢nane¢ md inwity of (he fwncA•l inft*JDllikni in¢hKled OD the ehority'l websll& Le81s1￿100 In the Unikd Kin8kn the *)d dwMlTj￿1on of llnan¢lAI xtotements JTrwy dllTcr leg01￿10￿ itt AP￿￿ved ty lh¢ TTr￿$ their bthlL JudAth J&¢kw?. Chalr 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 le￿rdance 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¢5tri￿Cd 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 fina￿1￿1 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¢ all￿V￿1 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 Sl*te¥ne fortht *r tuded 31 M•rth 2024 l AecouTr¢ing Policies grlty Taunton Wometb's Aid is a Clwitable Incorw¢ed organt￿liOn (CIO) registered with the Charity Commissioners No. 1172323 aThJ 15 constimed by i(8 governing document dated 29 Marth 2017. Bagis of prtpar*tion 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 &a￿ment of finwjcial activities. The financial statements have also b¢en prepared in accordan¢¢ wilh Accounting and Re￿rtIng by Chariti¢$.' Staternent of Recomrnended P￿tIce pplicablc to charities prepartng their a¢counts in o¢cordan¢¢ with the Finonrial Rewjning Standard appli¢?ble in th¢ UK and Republic of Ireland IFRS 102) {¢(r￿lIve l Jantw 20191- (Chariti¢s SORP (FRS 1021). the Financial Reporting Standwd applicabk in the Uni¢ed Ktngdom and Republic of irclaTh4 IFRS102) and the Charities Act 2011. Taunton Women's Aid meets the definilion of • publi¢ benefrt entity as defined by FRS 102. The trMste¢s consider that there are maiwi•l WKWtsinti¢s alK)th th¢ charity's ability to continu¢ ￿ 4 going C4)n¢ern. Ineomt reco¥nltlon All income is included in the Slaiement of Fintncial Aaivilies when the chartry is le8ally entitled to the incom¢ and ihE amount can ￿ quantified with retsonabl¢ *CU￿y. Income is only d¢feTh¢d when the donor ha5 specified restriciions in the expendiiurn of th¢ resources. Exp•ndliure reco￿1110 Expenditure is r¢coKnis¢d on the orKn￿lS b￿j5 as a liability is itteurT¢d. Intwvwable VAT is ¢har¥¢d a8airtst the expenditure headin8 for whi¢h it was incurred. Expendiiurc on ¢harit•blc a¢tivitie5 wmprises those costs incurrtd by the charity in the delivery of its activitieA and s¢ryi¢cs for its bencficiaries. It In¢1￿￿¢8 both ￿$ts that can be Dllocatsd dIr￿llY lo such activititt and th0￿ eosty of indirect nwure n¢ccssgry io supwjn them IrKI￿lift8 8OV¢rn&rte costs. Gr￿t$ 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 r￿lple￿I 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 xeord*K¢ with th¢ ¢hariiy'J obje¢tiveJ at the diser¢tion of the TNstee$. Unrestrict¢d deS18r￿ed funds.. Tkne fiwds thich h&v¢ been set 05id¢ by the Truskej for specific purposes. Investment property lttvestment prop¢rty is sthted at the truste¢5' ¢Stimatc of m*kct value as set on in note 8. C￿h 8Dd cajb equlv*lents Cash and c45b equivalents reprr%nts cash in harrfl inslanl bank &¢Kount& Fln*ncl*l IDitrume*ts The rllvity only has fjnanciai liabiliti¢s that qualify as basic finaKiai instruments. Basic fjnancial ins(rnment5 e rV￿g￿lS¢d at transo￿lOn wi¢¢ and subwuelrtly mwur¢d at wrAtis&J cost. Taunton Wtrmen'5 Ald FiniaciAI tements for CrltieAI #eeDyntingJudgewents tStim#tioTr #metrtainty In the Hpplic*ion of the Clwity's #c￿￿￿tIng ￿lIcIeS describcd aFKJv< trust￿& Are wuired to m&ke judg¢m¢nts. estimaw and a55umpiions abtstrt the WryiDg vaJu¢s of &55cts ond li&biliti¢s are not readily apparent from other xJw¢es. Actual results may diff¢r from these wim4tes. Th¢ ¢s¢imates and underlyin8 ￿umPI10n¥ are reviewed on an ongoing b&qi$. 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 wKe￿nty have 8 si80ificknt effect on the amounts recognised in the financial ststements are described belo￿.- EsiinwiioK offair ￿l￿e ofuDYsfft￿￿0Wr{Ies AJ describ￿ in note 8. the fair value of invc51ment prowies is b￿d on the Tru5tee$ valuation on All open market basis. InveStm￿t 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 I￿￿11t￿ri0￿$ as foliows: 2024 No. of 2023 Tothl No. of Vajuc Orants C*ttgory Tothl V8lue SociBI welfaTe 19.250 30.800 TAllllton Women'$ Aid to the F-nattciaj Statemthts for •rez 31Ma ltysis ofgovtrtt*nee *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 I￿￿*m¢ 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 peNin￿l 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 TrU￿e¢S or perno￿5 k￿￿n 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 ye*r12023'. None). R¢J•ted p*rty ¢r•nMdlons There ￿re M) related pty tran￿&101￿5 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 ValU￿lan 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 ¥Cr￿d 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 Acco￿1 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 I￿riPts under ￿r￿celIable 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