TAUNTON WOMEN'S AID ANNUAL REPORT & UNAUDITED FIIYANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 RECISTERED CHARITY 1172323 P O Box 286, Taullto Somerset Pa8e Charity Infonnation Trustees, Report Independent Fxaminer's R¢port ststernent of Financial Activities Balance Sheet Notes to the Financial Statements 8-12
Taunton Women's Aid mati Trustees: Judith Jackson Judith Smith Hilary Corcoran Annc Kearle Lu¢y Ni¢holls-Bri¢¢ Victoria Hanna Geraldine Wadham Chair Secretary Principal Address: POBox286 Taunlon Somerset TA2 6YD Independent Exgminer". Sarah Twist FCA DChA A C. Mole LLP Stafford House Blackbrook Park Avenue Taunton Somerset TAI 2PX Bankers: Natlonal Westminsler Bank plc 26-27 Fore Street Taunton TAI IJQ
Taunton Women'8 Aid Annual Re rt for the r ended 31 March 2025 The Trustees present their Report together wtth the financial statements of the Charlty for the year ended 31 March 2025. Structllre #nd Govern*nee The Charity 15 a CIO (Charitable Incorporated Organisation) and was registered on 29 March 2017. The Charity's registered llumber is 1172323. The initial funds of the CIO were received as a transfer of assets and liabililies transfeed from the forn]er unincorporated charity Taunton Women's Aid (registered number 273441). A list of Trustees. who served during the period, is given on page l. The Trustees oversee the management of the Charity and decide its strategic direclion with regaTd to it5 charitable objectives. Objectlves and Aetiviti¢s The objects of the CIO are.. To promote the PTOtection of adults and Ghildren who have suffered or are suffering from or have been exposed to domestic buse by su¢h means as are charitable including the preservation of their mentsl and physical health. the relief of need and the promotion of education concerning domestic abuse. These objectives will be mainly achieved thTough the awarding of grants. The Trustees confirni that they have referred to ihe guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and obje¢tive$ and in planning future Activities. Chair's report The financial year 202412025 has seen TWA continue to 8rant-aid local organisations offering services and support to people who hav¢ suffered from. or affected by, domeslic abuse. We have given grant5 to two organi5ations in the current ycar, neither of whi¢h we had previously fvnded. The emphasi5 was once again on the provision of services rather than education, but Ihis flected the nature of the applicalions received, and TWA will ¢onsidcr any applicalion which falls within the charity's criteria and provides value for money. Although ihc levcl of applications for the fin&ncial ycar was lower than might have been hoped for. steps have been laken to encourage more application5 which we hope will be forthwming for 202512026. The Charity owns a purpose-built refuge building which is Currently le&8ed to Julian House and the rental income from this provides the bulk of the Charity's income. In August 2024 the Trustees were very pleased to be inviled to visit the Refvge building and to view the newly refurbishcd outdoor area whi¢h had been funded by a donation from a local building fimi, facilitated by TWA, and with volunteer help from a local Company. The Trust¢¢s were very impressed by the new area and indeed by the bright and welcoming atmosphere throughout the whole building. As a result of the visit the Trustees offered to finance some works to complete the patio in the refvrbished area and lo provide a modest but mu¢h needed improvement to the laundry. Th¢ Trustees also identified that they would lik¢ to forn) stron8er links with the residents and provide some more dire¢t help The Trustees continue to meet in person or by Z(M)m 4$ and when required with other business b¢ing conducted by email. Against this background only three granls wcre madc during the year. I'he first was a grt of £3,800 10 ARK (Acts of Random Kindness), a community hub which offtrs therapeutic day services through land-based activities at Merriott in Somerset. The grant was used to provide a¢tivities for residents from the refuge who spent several days at ARK enjoying various craft and other activities, together wilh the associated transport costs. During our visit to the Refuge we spokc to some of the residents who had attended these sessions and had ¢learly allY enjoyed the outdoor and craft activities, and working with the animals. The second granl arose from the visit to the refuge building in August 2024. During the visit the Trustees spoke to residents and staff and it became clear how much the rcsidents enjoyed activities away from the Refuge such as going swimming or going out for coffee. but there were frequently no funds available for this. After some discussion it was suggested that Julian House, who provide other domestic abuse servicc5 in the area as well as the Refuge, should put in an application for a grant whirh wuld be used at the Manager's discretion to fund various outings for the residents and others it assists. An application was subsequently made and a grant of £5,000 agreed. to be used for a wide range of outings on a flexible basis. A fvrther grant of £1 0.000 was award¢d to Julian House at th¢ end of the fmancial year. This grant is to support residents on the refuge building with move on costs. and will be paid in tranches during 2025126,
Taunton Women's Aid Annual Re rt for the ear ended 31 March 2025 tontlnued In addition, a donation of £250 made to SARSAS in response to its Christmas appeal. Ea¢h recipient of a grant is required to provide a report as to how the grant monies are spenL Throughout the year the Trustees continued to monitor the reports for grnnts awarded in earlier year5 and were generally pleased wiib the standard of such reports. Conditions Imsed on earlier grants were also rnonitored to ensure cornpliance The two giwlts awarded in the current financial ycar likewise havc requirements for reporting and compliance with conditions. Through these mechanisms the Charity seeks lo ensure that monies aTe spent in accordance with the Charity's objectives and thal valuc for money is achieved. We hope to continue to support existing and new applicants in the wming Ye and hope that through raising awareness we will be able to attract a higher number of applicants. Finally, I would Itke to put on re¢ord my thanks to my fellow Trustees for generously giving of their time and expertise the Charity. There is a wide range of skills amongst the Trus¢¢es and l am always grate1 for their commitment, support and expertise An our work and decision making and the support giv¢n to me as Chair. FiDncial Review Income for the year amounted to £35,511 (2024: £35,428) Grant funding of £19.050 {2024: £19,250) was agreed within th¢ year. The administration ¢osts of ihc chariry werc £7,621 {2024: £7,906). A hi¥her level of grnit funding is pIAnned for 2025126 if appropriale applications are received. A revaluation of Ihe investment propety was in¢orporatcd into the accounts in 2023124. The trustees nSider this valuation remains appropriate. Reserves Policy Need for Reserves The factors that impact on the need for reserves have becn assessed to include.. unexpected costs on the refuge building othcr committed or unplanned expenditure ' uncertainty around income from donations and legacies fiitur¢ n¢eds, opportuniti¢s, ¢ontin8encies or risks the effects of which are unlikely to be mel oul of future income Lvel of Reserves The tru$tee$ a¢knowledge Ihat they have a general legal duty to apply charity funds wiihin a r¢asonable time of receiving them, whilst ensuring the charity is not exposed lo finan¢iaVliquidity risk. The minimum level ofreserves will be equal lo ihe costs of running the charity for thre¢ monihs. The free reserves as at 31 Mar¢h 2025 totsl £225,165, this is in excess of the policy requirements. These fund will be uscd for grant filnding as appropriatc applications are received. IDv¢s¢ment of Funds Under the Trustee A¢t 2000, trustees ar¢ required to have a written investment policy. They are a150 required to demonstrate that they review this policy, and the perfomance of any Anv¢stment advisers if ap]nted, to ensure that funds are being managed in the best interest of all connected parties. This Act imposes a duty on those acting as charity trustees when exercising their powers of investment, to Consider the need for diversifical1o in order to reduce the risk of loss should an investment fall. The charity has the power to invest in land and buildings and investment assets. Land and buildings are to be held by the Official Custodian rather than in the nam¢s of individual trustees. The level of reserves is lo be reviewed annually. as Part of the budget setting process, and with reference to the business plan. The poliry is to be review¢d by th¢ trustees should there be a material change in cirrumstances or at least every three yeats. Risk Policy The major risks to which the charity is exposed have been rcviewed and systems have been put in place or are being pul in place to mitigate these risks.
Taunton Women's Ald Annual Re rt for the ear ended 31 March 2025 continued Going Concern The trustees have considered their risk d8sessment over the viability of the charity for tILe following 12 months. They do not consAder that there will be any redu¢tii)n in income or on activities 8s the cb2rity does not deliver SLTVILLS, employ staff or occupy any preJllises. There are SUlL1LI casb reserves to tueet the ongoing administration costs of the Charity and any unforeseen costs to the fabric of the refie building not covered by the teTms of the lease. Grallt fimding is cxpected to continue over the next 12 months, predominantly ciivcrcd by revenue. espons1blllt1 of the Truytees The trustees are responsible for preparing the TThee¥' Rcport and the fjnancial statements All accordance with applicable accordance with applicabl¢ law and United Kingdom AcLouniing Standards including Financial Reporting Sl8ndard 102: The rinan¢ial Reporting Standard applicable in the UK and Republic of Irela[ (United Kingdom Generalty Accepted Accounting Practice). The law applicable to charities in England & Wales requires the iTStees to prepare fillcIal statements for each fwancial period wknch give a irne and fair view of the state of affairs of the c1ty and of tbe income and expenditure of tbe churily for that perlod. Ill preparing tbcsc fuMLcial statemell the trustCL'S are required to., ' select suitable a¢couDting policies and then apply them coTh8iStentlyg • observe the methods and principles in the Charliies SORP: ' make judgments and 8ccoimting estimalcs that are ttasonable and prudent; state whcthcr applicable accounting standards have been followed. subjcci io any llterial departurLS disclosed aud explained in thL. finanL'ial stateentS and ' prcp2re the fllwicial statemellts on the going concern basis unlL'45S it is illappropriate to prL'8urne that the charity will continuL' in business. The trustL'C8 8re responsile for maintaining proper accoUltig recor¢L8 which d03C with reasoTtublc accuracy at any time the fllMnLial po8ltion of the cbarkty and enable them to ensure that thL. financial statements cornply with the Charities ALI 2011, Ihe Lhyrity (Accounts and Reports) RL'gulations 2008 and the provisions of the constitution. 'IThLy are also responsiblc for safegu#rding the ass¢ts of Ibe cbarity and hence for tsknng reasonablL' steps for the prevention and dcteclion of fraud and other irr¢gularilies. The trustees are rL'sp(llLsible for ttLe n]ntenanCc and inteIty of the Chartty alld financial inforniati()n included m the ¢haritys websilc. l.Lgi518tion iu the Ullited Kingdom governing the preparation 8nd di8senLination of fllwicial stalements ay dityer from l¢gislatlOll in other jurisdictions. Approved by the Trustees and sigrd on their behalf. Judith Jackson - Chair Date....
Taunton Women's Aid Inde ndent Examiner's Re ort to the Trustees of Taunton Women's Ald I report to the trustees on my examination of th¢ accounts. of Taunton Women's Aid (the Charity) for th¢ y¢ar cnded 31 March 2025, which are set out on pages 6 to 12. Responsibilities and basis of report As the charity ttustees of the Charity you are responsible for the prq)arntion of the accounts in accordance with the requirements of the Charities Act 2011('the Act,). l ryort in respect of my examination of the Charity's a¢Unts carried out undff section 145 of the 2011 Act And in carrying out my ex8rnination I have followed all the applicable DiTection8 given by the Charity Commitpsion under section 145(5)Ib) of the2011 Act. Independent exajnlner's Jtatement I have completed my examination. I confm that no malerial matters have Come to my attention in connection with the examination giving me cause to believe that in any material respect: (l ) accountAng re¢ords were not kept in Tespecl of the Tru81 &s required by section 130 of the A¢t,' or (2) the accounts th) not accord with those recor&%; or (3) the accounts do not comply with the applicable requirements concerning the fornj and contcnt of a¢¢ounts set out in the Charities (Accounts and Report8) Regulations 2008 otheT than any requirement that the accounts give a 'true and fair view, which is not a matter con8idered as part of an independent examination. I have no concerns and have come across no other matter¥ in connection with the examination to which attenlion should be drawn in this rqx)rt in ordcr to enable a proper understsnding of the accounts lo bc reached. Sarah Twisi FCA DChA A C Mole LLP Chartered Accountants Stafford House Blackbrook Park Avenue Taunton Somerset TAI 2PX ..2026
Taunton Women's Aid men arch 2 Unrestricted Unrestri¢led Total Funds Total Funds Funds Funds Year Ended Year Ended 31.03.25 31.03.24 INCOME Donations tnvestment income 300 35.211 300 35,211 484 34,944 35,511 35.511 35,428 EXPENDITURE ON:. Charitable activities 26,671 26.671 27,156 26.671 26,671 27,156 NET TNCOME FOR THL. YEA 8,840 8.840 8,272 CONCILIATION OF FUTrtDS Total fvnds brou8ht forward 216,325 600,000 816,325 808,053 Total funds carried forward 13 225,165 600,1100 825.165 816,325 The notes on pages 8 -12 forn) part of these fmancial statements
Taunt(Jn Women?s Aid ce 2025 2024 FIXED ASSETS tnvestment propety 600,000 600,000 600,000 600,000 CURRENT ASSETS Debtors and prepa>Thents Cash in halld and at baolt 1,223 244,327 1,233 232,582 io 245,550 233,815 CREDtroRS: Arnounts Falllng Due Wlthln One Y¢ar 11 20,385 17.490 NET CURRENT A&SETS 225.165 216,325 NET ASSETS 825,165 816,325 THE FUNDS OF THE CHARrrY General Designated 225,165 600,(K)O 216,325 600,000 825,165 816,325 These fmancial stat¢m¢nts WLYC approved by the TneeS on 11 i()Lf and signed i)n their bethalf by: Judith Jacksoll - Chair The notes oll pages 8- 12 fornipart of these financial statements
Taunton Women, cial Stat Dde Accounting Polieies Charity ststU8 Taunton Women's Aid is a Charitable Incorporaied Organisation (CIO) registered with the Charity Commissioners No. 1172323 and is constithted by its governing document dated 29 March 2017. Basls of preparation The financial statements have b¢¢n prepared under the histori¢al cost convention as modified by the revaluatiovb of investment Property m¢asured at fair value through the 51alement of finan¢ial activities. The financial statements have also been prepared in accordance with A¢¢ounting and Reporting by Charities: Statement of Re¢omm¢nded Practice applirable to charities preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019) - (Charittes SORP (FRS 102)), the Financial Reporting Siandard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Charities Act 2011. Taunton Women's Aid meets the definition of a public benefft entity as defined by FRS 102. The trustees consider thot there no material uncertainties about the charity's ability to continue as a goin8 ¢on¢ern. Income recognltlon All income is included in the Statement of Financial Activities Mthen the charity is legally eniitled to the in¢ome and the amount can be quantified with reasonable accuracy, Inrne is only deferred when the donor has specified rcstrictions in the expenditur¢ of the rcsources. Expendi¢ure reeognltlon Expenditure is re¢ognised on the accruals basis as a liability is incurred. Irrecoverable VAT is charged against the expenditure heading for whi¢h it was incurred. Expenditure on charitable activities comprises those costs incurred by the charity in the delivery of its activities and services for its beneflciaries. It includes both costg that can be allocated directly to such activitje5 and those costs of Èn indirect nature ne¢cs5ary to support them including governance costs. Grants payable are payments made to third parties in the furtherance of the charitable objects ofthe Charity. In the case of an unconditional grant offer this is a¢crucd once the recipient has been notified of thc grant award. Grani awards that are subject to the recipient fulfilling p¢rforniance conditions ar¢ only &ccrued when the r¢¢ipi¢nt has b¢¢n nolified of the grant and any remaining unfulfilled conditions attaching to that grant are outside of the control of the charity. Funds structure Unrestricted general funds., These are fund5 which can be used in accordance with the charity's objc¢tives at th¢ discretion of the Trustees. Unrestricted designated funds: These are funds which have been set aside by the Trustees for specific purposes. Investment property Investment property is sthted at the trustees, estimate of market value a5 set on in note 8. Cash eash equivalents Cash and cash equivalenls represents cash in hand and in instant access bank accounts, FlnAncial instrnments The charity only has financial assets and liabilities that qualify as basic financial instruments. Basic fman¢ial instruments are recognised at transa¢tion price and subsequently measured at amortised ¢ost.
Taunton Women's Aid Notes to the Financial Ststements for the ear ended 31 M4r¢h 2025 Critical accounting judgements and estimgtion uncertainty tn the application of the Charity's a¢¢ounting policles described aknve. trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates. The estimates and underlying assumptions arc reviewed on an ongoing basis. Revisions to accountlng estimates are recognised in the period in which the estimate is revised if the revision affects only that period. or in the period of the revision and firture periods. The key soue5 of eslimation uncertainty that have a si8nifi¢ant effect on the amounts re¢ognised in the financia] statements ar¢ described below:. limalion offair valtse ofinvestntenlproperties As described in note 8, the fair value of investment properties is based on the Trustees valuation on an open market basis. Investment Income- unre8trirted Year Ended Year Ended 1.03.24 Rent received Bank inleresl 32,000 3,211 32,000 2.944 35,211 34,944 Expendlture on eh4ritable 4ctlvltles - unrestrieled Year Ended Year Ended 31.03.2 31.0.3.24 Gran1$ awarded to institutions Support costs (see note 4) 19,050 7,621 19.250 7,906 26.671 27,156 This Comprises granls made lo institutions as follows.. 2025 No, of Grants 2024 No. of Grant5 Total Value Tolal Value Category Social welfare 19,050 19250
Taunton Women's Aid $ to the FinAn¢ial Stalements rthe ear ended 31 M rch 2025 AnalysiB of gov¢rnanee and support eost$- UDrestri¢led Year Ended Year Ended 31. 31.03.25 24 Rent and rates Insurance Professional fees Stationery, postage and advertising Course fees and subscriptions Bank charges and loan interest Independent ExamAner'5 fee 822 4,402 792 4,310 630 554 462 140 360 1,435 360 1,200 7,621 7,906 et income for the period Year Ended Year Ended .03.25 31.03.24 Net income for the period is slated atler charging: Independent Examiner's fee .435 1,200 1,435 1,200 Trustees Remuneratlon and Expenses The charity considers its k¢y management personnel io comprise the Trustees. No remun¢ration, either directly or indirectly, paid or is payable from the charity's fiinds to any of the Trustees or persons known to be connected to them {2024: None). No reimbursement of exp¢ns¢s has been made or is due to be made to any of the Trust¢es in resrt of the year (2024: None). Related party tr2n$a¢tioDs There were no related party transactions during the year {2024: None). io
unton Women s Aid Investment property Fair valu¢ at l April 2024 600,000 At 31 March 2025 600.000 The trustees have reviewed the investment propety valuation at 31* March 2025 and consider that valuation at fair value of £61KI,000 remains appropriate. Debtors 2024 Prepaymenls and accrued income 1,223 1,233 1,223 1,233 10 Cash And Bank 2025 2024 Cash in hand Nat West Taunton, Current Account Nat West Taunton, Reserve Account 10,000 234,319 10.000 222.573 244.327 232,582 Creditors 2024 Accrual ftir grants payable Other accruals 19,000 1385 16,250 1,240 20,385 17.490
Taunton Women's Aid Notes to the Financial Ststements for the ear ended 31 March 2025 12 Summary of Net Assets by Fund Unrestricted Unrestri¢ted General Designated Fund Fund Unrestricted Unrestrictsd General Designated Fund und 2025 2024 Total Fixed assets Current assets Currenl liabiltties 600,000 600,000 245.550 (20.385) 600,000 600.000 233,815 (17,490) 245,550 (20.385} 233.815 (17,490) 225,165 600,000 825,165 216,325 600.000 816.325 13 Movement ID funds 03 01.04.24 L LpÉn4i ILL5 come Unrestricted Funds General Designated 216,325 600,000 35,511 (26,671 } 225,165 600,000 816,235 35,511 (26,671 } 825,165 Desi nated Fund5 The designated nd represents the fair value of the investment property. As these funds are invesied in a long-terni asset, they Are not available to meet the ongoing cxpcnses of the ¢harily. 14 Movement In funds (2024 comparative) LQL23 Ex enditure 31.0 Unrestricted Funds General Designated 208,053 600.000 35,428 (27,156) 216,325 600,OIKI 808,053 35,428 (27,156) 816.325 15 OperAting Le*8e The Charity is due the following future minimum lease receipis under non-¢anc¢llable operating leases for which it is a lessor, for each of the following period.. 2024 Payment5 receivable.. Within one year 16,000 32.000 16,000 32,000 As a lessor the Charity an operating lease on their investment propety. This is a five-year lease due to ¢xpire in April 2028 with a break rlause in April 2025. The break Clause was not exercised in April 2025. The Charity may terminate the leasc at any time giving not less than 6 months written notice. 12