Power Women Thanet POW Thanet istered Chari number 1174980 Financial ststsments For the ear ended 30 A ril 2024
POW Thanet ANNUAL REPORT AND FINANCIAL STATEMENTS For the ear ended 30 A rll 2024 CONTENTS Pa Co-chairfs report Report of Trustees 10 Independent Examinerfs Report 11 Statement of Financial Activities 12 Balance Sheet 13 Notes to the Financial Ststements 14-17
Power Women Th•n•t Celebrating creativity and championing equalty across Thanet Thanet annual re ort Power of Women pow Co-chairs re ort for the ear endin 30A ril 2024 Power of Women Thanet ha5 had another strong year of growth and impact, focussing on refining and professionalislng the organlsation while furtherlng its alms to improve gender equality In Thanet through feminist-based arts and creativlty. This report outllnes the core activities and learnin8S that have enabled POW to create cornmunity impact as a small charity rooted In the Thanet region. In terms of professionalising the organisation, this year established key partnerships and relationships to grow its network. We fostered existing partnerships with East Kent Colleges Group, Turner Contemporary, ARK, Pie Factory Music, Kent Coast Volunteering and Beyond The Page and forged new partnerships with Porchlight, Oasis, Changing Minds Kent, Manspace, Espressions CIC, Age UK Thanet, Goldsmiths University, Women in Business Network (where we are the Thanet charity partner) and the Radical Rest Network. The CEO was accepted into National Arts Strategies Creative Community Fellows programme and the Youth Producer undertook Feminist Leadership training with Women Resource Centre. POW also enriched Its future planning, whereby the CEO and Board of Trustees revised the Strategy which will inform POW'S work over the next three years, helping us work toward attaining ACE NPO statu5 in 2027. The focus is on Programming, Profile and People whlch influence commissioning, co-creation and content outputs. As the centre of POW'S programming, this yearfs Festival focussed on the concept of "rest" as a tool to explore domestic labour, mental health and creativity. POW hosted a range of events from paid musical performances to free creative workshops. the main festival events were
Power of Women pow Thanet Trustees, Statement Year Ended 30 A ril 2024 attended by 12,601 people. Hi8hllghts include an exhibltion and events with Profanity Embroidery Group at Albion House Hotel; a Motherfs Day event at Powell-cotton Museum; comedy variety show at the Sarah Thorne Theatre and a music gig with Meg Bird and Mantawoman at St. Luke's Church, Ramsgate. The Festival closed with our Digital Day which included Tracey Emin in conversation and generated over 100 viewers. Co-chairs re ort for the erlod endln 30 A rll 2024 cont.. The return of POW in the Park at Ellington Park provided a big community highlight despite the inclement weather. It included a makers market from local traders, a bandstand programme of hula hooping classes, spoken word performances from local students, community choirs, dance troupes and musical showcases from local creatives. There were tents for arts activities, walking tours and complimentary massages. In addition to the main festival programme, there was also the POW Art Trail with 30 local venues, curated by local gallery owner Kavel Rafferty. This wa5 an evolution of the Fringe Festival and worked well but needs more resources to really grow as the Access Day of interventions for disabled and chronically ill audiences wasn't as impactful as we had hoped. We are now developing an Inclusive Design Framework to influence all of our project/event planning and ensure that accessibility for our target audiences is prioritised and resourced adequately. Pre-Festival engagement projects included the return of the "Inspiring Women" project with 4 local primary schools who explored gender equality through in-school collage workshops. We also created a DIY take-home activity to reach more pupils. 'Born to Dream" was a successful co-creation project with 5 local community projects led by local neurodivergent artist Becky Vincer who explored the themes of rest and dreaming and taught participants sublimation printing techniques to create their own meditation cushions. Participants were then invited to a celebration event on IWD with meditation and sound bath. We expanded this project to include three free workshops for the public where they could make their own eye mask. We delivered Year l of the three-year Colyer-Fergusson funded Youth Project in partnership with Broadstairs College. "Young Producers" was very successful with three young people mentored weekly for seven months to create a podcast in partnership with Ramsgate Radio which was then scheduled into the Digital Day. Two went on to find paid employment in the arts and we are introducing YP alumni to other creative professionals to support them in gaining employment. "Young Creatives" involved industry-led workshops for forty 18-24 year olds and culminated in
Power of Women pow Thanet Trustees, Statement Year Ended 30 A ril 2024 Co-chalrs re ort for the erlod endln 30 A rll 2024 cont... the "POW of Gen Z" public event wlth the music and art outputs from the in-college creative professlonal-led workshops. The free food and drink attracted a large audience and the event was a success. We would like to take the opportunity to thank everyone who has SUPPOrted POW throughout the year; the tireless and talented staff, the dedicated volunteers. the artists and creators who have worked with us, those who have attended, hosted and planned festival events, as well as those who have attended other POW projects and pro8ramme. Next year we are focused on delivering year-round programmlng in celebration of our 10th anniversary; raising our profile nationally; generating multi-year grants to move POW into an advocacy and convening role. and developing consistent income streams. We feel that 2023- 2024 has been a critical growth year for POW, and we're excited to build on this progress in the year to come. AIAi&tyA eryrtAI Alaina Crystal, Co-chair Date Dr Nena Foster, Co-chair Date
Power of Women pow Thanet Trustees, Statement Year Ended 30 A ril 2024 Tlcket Scale and using evaluation methods to reflne our programmlng and make the organisation more financially eff icient. Our Comms Dlrector Is creating a new brandlng wlth key messages around our Case for Support and Charitable Objectives so we can better communicate our needs to funders and audiences. Retaining experienced staff Is at risk if year-round funding cannot be sustained or workplace benefits put in place. We are applying for core, multi-year funding and developing projects in new areas which could open up more funding opportunities e.g. national curriculum and environment. erations We moved into new offices in Cliftonville and the team undertook Autism Awareness training. Recruitment and a ointment of Trustees We would like to thank Jemma Channing for their support as Trustees. ani5ational Structure We recruited Alex Menace as Communications Director and she joined CEO Rosanagh and Artistic Director Amy in the SLT. Ob'ectives and Activltles The promotion of equality and diversity for the public benefit by:_ (a) promoting and staging an annual arts festival to commemorate International Women's Day; (b) cultivating a sentiment in favour of equality and diversity of women and girls {c) advancing education and raising general awareness among the public about the issues and challenges facing the lives of women and girls.
Power of Women pow Thanet Trustees, Statement Year Ended 30 A ril 2024 Sl nlflcant Actlvltles A mixed arts festival of work mainly by women In and around Thanet. Kent, programmed by the community and a pro8ramme of arts-led communlty activitles. The or8anlsation has a strategic aim to develop year-round communlty engagement and artistlc events. Public Beneflt The Trustees confirm that they have referred to the charity Act 2006, section 4 guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. Volunteers We ran a Volunteer Meet-up to recruit new volunteers in January 2024 and a thank you party is scheduled for October 2024. We had a dedicated Volunteer Manager, Selena to manage the volunteers and now have a database of 150 contacts. 31 volunteers worked 71 shifts totalling over 6,283.5 hours which equates to £65,474.07 of in-kind support (based on minimum wage £10.42 per hour) Evaluatlon We worked with freelancer Lizzie O'Halloran to create a Theory of Change, evaluation plan and templates. We now have a comprehensive report and beneficiary case studies which we can promote. Going forwards we want to improve the consistency of our data capture, set baselines for our four key audience targets, and improve our scores in promoting activism and raising awareness of issues facing women and girls. Achievement and Performance The full evaluation report can be read online at www. In 2023124 we reached 19,626 people The 2024 Festival theme was Rest, We reached 18,513 people across 85 events in Thanet and online, including 22 performances, 15 workshops, 11 exhibitions and 6 cornmunity engagement events. 48 local venues held performances, events and exhibitions. 300 artists, performers and practitioners took part in performances, talks and exhibitions during the festival. owthanet.com about
Power of Women pow Thanet Trustees, Statement Year Ended 30 A ril 2024 Over 90% of survey respondents Indlcated they elther strongly agreed or agreed that thls yearfs festlval made them feel joyous and Inspired. Just under 90% also strongly agreed or agreed that they were introduced to new artists, whose work they had not seen before, The flndln85 also Indicate that the festival was successful at provldln8 OPPOrtunltles for audlences to access the arts and to feel more connected to the local communlty. More than 80% of audiences either strongly agreed or agreed that the festival allowed them to celebrate International Women's Day, made them feel more connected with their communlty and more included in the arts. Overall, audiences were 8lad to take part in this yearfs festival, and 98% of festlval audiences elther strongly agreed or agreed with this sentiment. Over 90% of festival audlences either strongly agreed or agreed that the festival events were welcomlng, inclusive and enjoyable. More than 80% of festival audiences strongly agreed or agreed that the events were Insplring and that the events celebrated a diverse ran8e of artists, performers, and practitioners. Over 90% of festival audiences strongly agreed or agreed that it was easy to book tickets and to attend events. Over 80% of festival audiences felt that the organisers care about being environmentally friendly. In terms of festival experience for the artists, 91% would recommend this Opportunity to another artlst, performer, or practitioner, whilst 77% strongly agreed they were glad they chose to take part this year. "l am glod I did it, to 5UPPOrt the POW ethos and a150 It personally showed me I can do thlngs like this if I believe in myself." Artist, Core Festival Programme Flnancial Revlew The CEO received fantastic mentoring support and fundraising training from SEK and Funding for All. This year we tested lots of different ways of generating income this year, including:
Power of Women pow Thanet ru8tee8' Statement Year Ended 30 A rll 2024 Communlty fvndralsln8 We trlalled Communlty Fundralsers Including Big Glve, IWD Sponsored Swlm, Ghoul Power clnema event for Halloween, Wlnter Concert. selllng rnerchandise and commlsslonlng two artlsts to exhlblt at Alblon House Hotel (Mar80 McDaid and Catherine Chinatree). There was mlxed succes5 and we now have a new Development Manager who Is leadlng on Income-generatlon. We charged community groups £12 to have a pitch at POW at the Park and took IO% of food/drlnk traders Income which was successful. Local authorltles We received grants from Ramsgate Town Councll (£2k), Margate Mayorfs Fund (£500), Thanet District Council (£1.5k), Corporate sponsors We acquired sponsorship from 5 local businesses this year but are prioritising flndin8 a headline sponsor. Ticket incorne We made £5,792 in event ticket income which is slightly lower than last year. Trusts & Foundations The Big Give (£5k) Youth Programme funding from Colyer Fergusson {£17k x 3 years) Festival funding from ACE (£61k) Financial statement POW Thanet began the financial year 1st May 2023-Ist April 2024 with reserves brought forward of £25,339 consisting of unrestricted funds of £17,143 and restricted funds of £8,196. The Charity has net movement for the year on unrestricted funds of £5,232 and (£123,223) on restricted funds. The balance on reserves carried forward at the year-end are unrestricted funds £11,911 and restricted funds £21.419. Restricted funds carried forward include the balance of Arts Council England project grant (due
Power of Women pow Thanet Trustees, Statement Year Ended 30 A ril 2024 to complete by 31108120241, Colyer-Fergusson project grant, and Thanet District Council funding. Unrestricted funds carrled forward relate to Awards for All (£IOk). Restricted funds relate to Fidelity (£10,855). Restricted income has been received in the year of £94,442. Restricted expenditure of £81.218. Reserves policy POW operates currently as a year by year festival due to the shorter nature of its funding. The Trustees aim to maintain unrestricted reserves at IOYO of operating costs, but will continue to keep this under review. This report was approved by the Trustees on ....... and signed on their behalf by Alaina Crystal, Co-chair Date Dr Nena Foster, Co-chair Date
Inde endent Examlnerfs Re ort Power of Women po Thanet For the ear ended 30 A rll 2024 Independent Examlner'8 report to th• tru8tee8 of Power of Womon (Po Than•t I report on the financial statements of the Charity for the year ended 30 April 2024. which are set out on pages 12- 17. Respectlvè rospon8lbllltle8 of truste88 and examlner The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 {"the Act"). This report is made solely to the Charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the Charity's Trustees those matters l am required to state to them in an Independent Examinerfs Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Independent examlners 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 my material aspects.. the accounting records were not kept in accordance with section 130 of the Charities Act., and the accounts did not accord with the accounting records; and 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 understsnding of the accounts to be reached. Signed: Mr H C Kemp FCA Kemps Chartered Accountants 42A High Street Broadstairs Kent CT10 1JT
POW Thane STATEMENT OF FINANCIAL ACTIVITY Includln Income and Ex enditure Account For the ear ended 30 A ril 2024 Year ended 30 April 2023 Total Funds 2023 Y•ar ended 30 Aprll 2024 Total Funds 2024 Unrestrlcted Funds 2024 Restrlcted Funds 2024 Note INCOME Grants & Donations Advertising Income Income from charitable activities Interest 28.883 40 13,920 95 94,442 123,325 40 13.920 95 105,060 200 17.247 TOTAL INCOME 42,938 94,442 137,380 122,507 EXPENDITURE Festival and artist costs Community Outreach and accessibility Organisational Development Marketing Administrative Expenses Governance costs Depreciation 1.061 694 401 1,981 43,239 35,356 36,416 694 620 4,545 86,320 57,034 36,894 8,805 17,086 12,099 1,056 219 2.563 43,081 794 794 TOTAL EXPENDITURE 48,170 81.219 129,389 133,768 NET (EXPENDITURE) I INCOME (5,232) 13,223 7,991 (11,261) NET MOVEMENT IN FUNDS (5,232) 13,223 7,991 (11,261) TOTAL FUNDS BROUGHT FORWARD 17,143 8,196 25,339 36,600 CARRIED FORWARD AT 30 APRIL 2024
POW Thanet BALANCE SHEET as at 30 A ril 2024 Unre8trlct•d Restrlcted Funds Funds 2024 2024 Total Funds 2024 Total Fund8 2023 Note Flxed A880t8: Equipment 795 795 Current Assets: Debtors Cash at Bank 98 22,912 23,010 98 44,331 44,429 98 25.496 25,594 10 21,419 21,419 Total Assets 23,011 21,419 44,430 26,389 Creditors: Amounts falling due within one year 11 11,100 11,100 1,050 Total Assets less Current Liabilities 11,911 21,419 33,330 25.339 Funds of the Charity Unrestricted funds Restricted funds 13 14 11.911 11,911 21,419 17.143 8,196 21,419 Total funds 11,911 21,419 33.330 25,339 Approved by the tnjstees on . and signed on their behalf by'.- Lara Wilks Sloane Treasurer and Trustee
POW Thanet NOTES TO THE FINANCIAL STATEMENTS the ear ended 30 A rll 20 Accountlng pollcl 1 Goneral Inforniatlon The chanty is a registered charity In England and Wales and is a Charitable Incorporated Organisallon. The address of the prlncipal office 18 Second Floor, Modem Boulangerie, 231 Hart)our Street, Ramsgate 2 Statoment of Compllance These financial statements have been prepared In compliance with FRS 102. The Finandal Reporting Standard applicable in the UK and the Republic of Ireland. the Statement of Recommended Practice applicable to charities preparing their accounts in accordance wrlh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP {FRS 102)) and the Charities Act 2011 3 Accounting pollclos Bas1$ of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure The financial statements are prepared in sterling. which is the functional currency of the entity. Going concern There are no material uncertainties about the charitys abilty to continue Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the thariws purposes. Designated funds are unrestricted funds eamiarked by the trustees for particular future project or commitinent Restrided fvnds are subjected to restrictions on their expendsiure dedared by the donor or through the tenns of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. Incorne from donations or grants is recognised when there is evidence of entitlement to the gift. receipt Is probable and its amount can be measured reliably. Legacy income is recognised when receipt is probable and entstlement is established. Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when reIVed rf the value can be reliably measured. No amounts are included for the contribution of general volunteers. Income from contracts for the supply of ser4ices is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed rf unspent, in which se it may be regarded as restricted.
POW Thanet NOTES TO THE FINANCIAL STATEMENTS For the ear ended 30 A rll 2024 Accountlng pollcle• (continued) Ro8ourc•s exponded Expendilure Is recognised on an accruals basls as 8118bility Is Incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: Expenditure on ralslng funds includes the costs of 811 fundraising activities, events, non-charltable trading activities and the sale of donated goods. Expenditure on charitable actiwties includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries. including those support costs and costs relatlng to the governance of the charity apportioned to charitable activities. Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of rts expenditure on charltable activbties. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activitles they contribute to on a reasonable, justifiable and consistent basis. Tanglble flxed assets Tangible fixed assets are included at cost less depreciation and impaimient. Depreciation has been calculated to write off the tangible fixed assets over their expected useful lives as follows: offi equipment 250A straight line 4 Income Year ended 30 Year ended 30 Aprll 2024 Aprll 2023 Totsl Totsl Funds Funds 2024 2023 Unrestrlcted Funds 2024 Restrlcted Funds 2024 Grants & Donations Advertising Income Income from charitable activities 28,883 40 13,920 94.442 123,325 40 13,920 105.060 200 17,247 42,843 94,442 137.285 122,507 5 Expendlture Year ended 30 Year ended 30 Aprll 2024 Aprll 2023 Total Total Funds Funds 2024 2023 Unrestrlcted Funds 2024 Restrlcted Funds 2024 Festival and artist costs Community Outreach and accessibility Organisational Development Marketing Administrative Expenses Govemance costs Depreciation 1,061 694 401 1.981 43,239 35.356 36,416 694 620 4,545 88.320 57,034 36,894 8.805 17.086 12,099 1,056 794 219 2.563 43,081 794 794 48.170 81,219 129.389 133,768 Govemance costs Independent examiners fee 1,110 1,110 1.058
POW Thanet NOTES TO THE FINANCIAL STATEMENTS For tho ear endod 30 A rll 2024 Tru•ttt• rnmun•ratlon and bon•fits There Vre no trustee8' remunerallon or other benefits for the perfod ended 30 Aprfl 2024. Staff costs The average number of persons employed by the charity during the period ended 30 April 2024, vrds Nil Flxed Assèts Offlce Equlpment Cost 2024 2023 As 8t 1 May 2023 Addition As at 30 April 2024 3.177 3.177 3.177 3,177 Depreciation As at 1 May 2023 Depreciation charge for the year As at 30 April 2024 (2.382) 794 (3,178) (1.588) 794 (2,382) Net book value As at 30 April 2024 As at 30 April 2023 795 795 795 Unrestrlcted Funds 2024 Restrlcted Funds 2024 Totsl Funds 2024 Total Funds 2023 Debtors falllng due In less than one year Debtors Prepayments 98 98 98 98 98 98 10 Cash at bank Unrestrlcted Funds 2024 Restrlcted Funds 2024 Totsl Funds 2024 Total Funds 2023 Cash Bank 10 22.902 10 44,321 10 25.486 21.419 22,912 21,419 44,331 25,496 11 Credltors falllng due In less than one year Unrestrl¢ted Funds 2024 Restrlcted Funds 2024 Total Funds 2024 Total Funds 2023 Accruals Deferred income 1.100 10,000 11,100 1,100 10,000 11,100 1.050 1,050
POW Thanet OTES TO THE FINANCIAL STATEMENTS orthe eare ded 30 A rll 2024 12 Deforrèd Incom• Brought forward Incomg Current year Raleasèd Incoma Del8rred Carrlod forward Deferred Income 10,000 10,000 13 Unrestrlctsd fvnds Brought forward 0110512023 Incomlng Tour¢08 Resourcos oxpondod Carrlod forward 3010412024 Tran8forn Reserves 17,143 17,143 42.938 42,938 48,170 48,170 11,911 11,911 14 Restricted funds Brought fOrard 0110512023 Incoming resources Resources expended Carrfed forward 3010412024 Transfern Reseples 8,196 8,196 94,442 94,442 81,219 (81,219) 21,419 21.419 Restricted Funds relate to: Grants Local authority and local community foundation trust Youth Programme In-school workshops, youth mentoring and youth coaching in partnership with Broadstairs College and the production of a Youth Art Trail across businesses in Thanet 15 Analysis of net assets between funds Unrestricted Funds 2024 Restrictsd Funds 2024 Total Funds Total Funds 2024 2023 795 25,594 (1,050) Fixed assets Cuent assets Creditors less than 1 year Transfer between funds Net assets 23.010 {11.100) 21.419 44.429 (11.100) 11,911 21,419 33,330 25,339