REGISTERED CHARITY NUMBER.. 1175486 Report ofthe Trustees and Unaudlted Flnanclal Statements tor the Year Endod al Ortober 2023 The Wayftnderwornan Trust
The WaynndeThvoman Trust Contents of the Financial Staternents for the Year Ended 31 October 2023 Page Report of the Trustees Independent Examlner's Report St*emtnt of Flnandal Actlvltles Balance Sheet Notes to the Flnanclal Statements 7 to 18 Detalled Ststement of ATh•Trcl•l Artlvltles 19 to 20
The Wayfifiderwoman Trust Report of the Trustees for the Year Ended 31 October 2023 The trustees present their report with the financial statements of the charity for the year ended 31 October 2023.The trustees have adopted the provisions of Accounting and Reporting by Charities= Statement of Recommended Practice applicable to tharities preparing their accounts in accordance with the Fir)antial Reporting Standard applicable in the UK and Republic of Irelan(I IFRS 1021 leffectNe l January 20191. oBJEIVEs AND ACTIVITIES Objectlves and alms The charity's principle aim is to promote social inclusion for the public benefit by preventing women and young girls of working age from becoming socially excluded, relieving the needs of those who are socially excluded and assisting them to integrate into society by.. al The provision of information and advice. bl Building a mutual support community. able to network with others with similar experiences with the objeit of providing individuals with the knowledge, understsndin8 and confidence to overcome barriers to employment opportunities, cl One to one support. workshops and seminars with the objective of enabling women and young girls so that thev have the skills and confidence to overcome any barriers that are preventing them from identlfylng and pursuin8 employment choices prior to, and durin8 their workin8 lives, dl Provision of on-line and face to face support in an empathic. non-threatening environment with the object of relievin8 emotional hardship, el Working alongside organisations to improve and promote employment opportunltles for women wSth the object of relieving financial hardship. Page I
The WayfindeTh¥oman TN5t Report of the Trustees for the Year Ended 31 Ortober 2023 oBJEIVEs AND ACTIVITIES Sl8nlflcant artivities Charitable activities The charlty can only operate wtth volunteers who are committed to helping other women. This year we had over 20 volunteers giving their time both in the drop in-tentre (the Hub) and outside of that raising awareness and fundraising. In total they gave 4,245 hours of their time for which we are very grateful. Thanks to a 8enerous £99,OLKI 3-year grant from the National Lottery Reachin8 Communitles Fund, we were able to recruit two part-time women and open the Hub full-time, doublin8 the availability of our services to women. As a result there has been a larBe increase in hub activity with 235 contacts in this reporting year. Our annual survey of women resulted in more concerns gardIng their physical and mental health and the cost of livin8 crisis. We responded to that by scheduling workshops more aligned with helpin8 women to increase their resilience. Over 42 peer support 121 appointments were also made compared to 12 last year. Increasingly complex issues are being brought to us includin8 poverty, homelessness, mental health and loneliness. Over 242 women have attended either course5 or events provided by us although double that number booked on our courses. We still wish to provide workshops that are free to all so there are no barriers but this has to be balanced wtth the reallty of high levels of non.attendance. The Trustees will contlnue to reVW thls sltuation. Competition for grants continues and in addition to the National Lottery, we received funding of £2,500 from the Garfield Weston Foundatlon which was used to run several of our workshops to improve women's mental health. We were pleased to welcome Barbara Rowe. Cherlne Maskell. Jill Love8rove, Sue Bush and Fiona Anderton as Triistp*¢ diiring thg yp.ar. As their terms were coming to an end in September 2023 we said 8oodbye to Jemma Weston, Amanda Rannie and Anne Blake-coggins who had been involved with the charity from the start. Our enormous thanks go to them, and all of the Trustees who willin8ly give their time and expertise. We remained active with representation on the CPS Scrutiny Panels for Violence Against Women and Youn8 Girls, and Hote Crime, whilst our involvement as a representative on the Strategic Independent Advisory Group for Sussex Police resulting in even closer workin8 relationships With the For. FINANCIAL REVIEW Flnanclal position The financial statement5 show a surplus of £13.208 for this year12022- surplus of £3.2281. Reserves pollcy The charitws reseNes are required and maintained at a level sufficient to ensure the continuance of the charitvs objectives. The charity ha5 ringfenced designated fund5 of £10.405 continue the charity's objectNes for the next two years. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document. a deed of trust. The charity wa5 registered as 8 Charitable Incorporated OrBanisètion ICIOI with the Charity Commission on 31 October 2017. Page 2
The Wayfinderw*)mafi Trust Report of the Trustees for the Year Ended 31 Ociober 2023 sTRUURE. GOVERNANCE AND MANAGEMENT Recrultment and appolntment of new trustees The Board of Trustees may at any time appoint another individual as a new Trustee by ordinary re501ution. The Trustees can consist of at least three with no maximum limit. REFERENCE AND ADMINISTRATIVE DEfAILS Registered Charity number 1175486 Prlnclpal address 10 Michelham Close Eastbourne East Sussex 8N23 8JD Trustèes Mrs LJ Murphv Miss J Weston Accountant (Resigned 31091231 Mrs A J Rannie (Resigned 31091231 Miss T Xerxes Mrs P M Kendall (resigned 30111120221 Mrs A B Blake-CoB8lns (Reslgned 31091231 Mrs K Day Ms F l Anderson IAppolnted 131091231 Mrs J Lovegrove IAppointed 271061231 . Treasurer Ms 8arbara Rowe (Appointed 241041231 (Resigned 13105120241 Ms S Bush (Appointed 171031231 Mrs C Maskill (Appointed 241011231 Mrs T Anderton Mrs K Burrell Approved by order of the board of trustees on ......... signed on its behalf bv: Mrs L J Murphy- Tru Page 3
Independent Examlner's Report to the Trustees of The WayfindeThioman Trust Independent examiner's report to the trustees of The Wayfinderw(man Trust I report to the charity trustees on my examination of the accounts of The Wayfinderwoman Trust (the Trust) for the year ended 31 October 2023. Responslbllltles and basls of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in atcordance with the requirements of the Charities Act 20111'the Art'l. I report in respect of my examinatlon of the Trust's accounts carried out under Section 145 of the Art and in carrying out my examination I have followed all applicable Dirertion$ given by the Charity Commission under Section 14515llbl of the Act. Independent examlner's statement Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accountin8 and Reporting by Charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on l April 2005 which is referred to in the extant regulations but has now been withdrawn. l understand that this has been done in order for finantial statements to provide a true and fair view in accordance with Generally Accepted Accountln8 Practice effective for reporting periods be8inninB on or after l January 2015. I have completed my examination. I confirm that no material matters have come to my attentlon In connection with the examination 8ivin8 me cause to believe that in any material respect: actountinB records were not kept in respect of the Trust as required by Section 130 of the Art; or the accounts do not accord with those records; or the accounts do not comply wfth the applicable requirements concernin8 the form and content of accounts set out in the Charities IAccounts and Reports) Re8ulation5 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 examinatlon. I have no concerns and have come across no other matters in connection with the examination to whith attention should be drawn in this report in order to enable a proper understandin8 of the accounts to be reached. Andrew Hill FCA Date.. 2oL Page 4
The Wayfindenvornan Trust Statement of Flnanclal Artlvltles for the Year Ended 31 October 2023 2023 Total funds 2022 Total funds Unrestrirted fvnds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donatlons and legacies 5,062 5,062 5,565 Charltable actlvlties Charitable activittes 45,420 45,420 11,448 Other trading artivities 9,235 9,235 7,048 Total 14,297 45,420 59,717 24,061 EXPENDITURE ON Charitable activltles Support costs Charitable activities 1,4CKI 4,106 32,828 8,175 34,228 12.281 17,545 3,288 Total 5,506 41,003 46,509 20,833 NET INCOME Transfers between lunds 8.791 790 4,417 13,208 3,228 io Net movement In funds 9,581 3,627 13,208 3,228 RECONCILIATION OF FUNDS Total funds brought forward 26,709 5,424 32,133 28,905 TOTAL FUNDS CARRIED FORWARD 36,290 9,051 45,341 32,133 The notes forni part of these financial statements Page 5
The WayfindeNoman Trust Balance Sheet 31 Octobef 2023 2023 Total funds 2022 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Intangible assets Tan8ible assets 702 967 702 967 1,404 1,247 1,669 1,669 2,651 CURRENT ASSErs Debtors Cash at bank and in hand 762 36,866 762 46,558 1,061 41,601 9,692 37.628 10,500 47.320 42,662 CREDITORS Amounts falllng due within one year 11,3381 12.3101 13,6481 113,1801 NET CURRENT ASSErs 36,290 7,382 43.672 29,482 TOTAL ASSEfs LESS CURRENT LIABIUTIES 36.2 9,051 45.341 32,133 NEf ASSETS 36,29) 9,051 45,341 32,133 FUNDS Unrestrlcted funds Restricted funds io 36,2 9,051 26,709 5,424 TOTAL FUNDS 45,341 32,133 The financlal statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by- L J Murphy- Tru The notes form part of these financial statements Page 6
The Wayfinderwoman Tn Notss to the Flnanclal Statements for the Year Ended 31 Ortober 2023 ACCOUNTING POUCIES Basls ol preparin8 the flnancial statements The fin3ncial statements of the charity, which is a public benefrt entity under FRS 102, have been prep8red in accordance with the Charities SORP IFRS 1021 'Accounting and Reportin8 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 IFRS 1021 leffective l January 20191,, Financial Reporting Standard 102 'The Financi81 Reporting Standard applicable in the UK and Republic of Ireland, and the Charlties Act 2011. The financial statements have been prepared under the historical c05t convention. The presentation currency of the financlal statement5 15 the Pound Sterling 1£) and are rounded to the nearest £1. The financial statements have been prepared to Se a 'true and fairt vlew and have departed from the Charities IAccounts and Reports) Regulations 2Th)8 only to the extent required to provide a "true and fair view" Thi5 departure has invofved followin8 the Accountin8 and Reporting by Charities.. Statement of Recommended Prartice applicable to charities preparin8 their accounts in accordance with the Finantial Reporting Standard applicable In the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charitie5: Statement of Recommended Practlce effectlve from l April 2fK)S which has since been withdrawn. Income All income Ss recognlsed in the Stalement of Financial Activities once the charlty has entltlement to the funds, It is probable that the income will be received and the amount can be measured rellably. ExpèndSture Liabilities are recognised as expenditure as soon as there 15 a le8al or construrtive obligation committin8 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 ag8regate all cost related to the category. Where costs cannot be directly attributed to particular headings they hève been allocated to artivities on a basis consistent with the use of resources. Webslte Intangible assets a Initial measured at cost. After inrtial recognltion, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Amortisation is provided at 20% Straight line basis in order to write the asset off over its estimated useful life. Tanglble flKed assets Depreelation is provided at the folk)wing annual rates in order to write off each asset over its estimated useful Fixtures and fittings at varying rates on cost Tamatlon The charty is exempt from tax on its charrtable activities. Page 7 continued...
The wavfide0rnan Trust Notes to the Financial Statements- contlnued lor the Year Ended 31 Ortober 2023 ACCOUNTING POLICIES- tontlnued Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for partbcular restricted purposes. Further explanation of the nature and purpose of each fund is Inclutled in the notes to the financial Statements. Government grants of £25,0 were received in 2020 due to the COVID-19 pandemic. These amounts have been ring fenced by the trustees as desi8nated funds. to be used against future expenditure fo the charity to continue for at least the next three years. The balance of this fund as at 31 October 2023 was £10,40512022 £10,405). Penslon costs and other post4etlrement benefits The chority 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. Goln8 concern The trustees have assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to event5 or conditions that may cast significant doubt on the ability of the charitable company to continue as a 8oin8 toncern. At the timp of aprfrrnvFn8 th• finxneial stAtpmènt% thp triJ%t•p% bp11@ that all appropriate measures have been or will be taken to ensure that the charitable company will be able to continue its operations for at least the next 12 months and thus conclude that the going concern basis remains appropriate. OTHER TRADING AcrivinES 2023 2022 Fundraising events Sale of books and other Items Course fees 8,796 12 427 6,302 746 9,235 7,048 Page 8 continued...
The Wayllndebwoman Tntst Notes to the Financlal Statements- contlnued for the Yea¢ Ended 31 October 2023 SUPPORT cosrs Management Support costs Charitable activities 29,704 5,794 3S,498 Support costs include amounts paid in respect of the Independent examination of the account5 of Nil12022 £NILI. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remufieratn or other benefits for the year ended 31 October 2023 nor for the year ended 31 Ortober 2022. Trustees, expenses There were no trustees. expenses pald for the year ended 31 October2023 nor for the year ended 31 October 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES Unrestricted funds Restrlcted funds Total funds INCOME AND ENOOWMENTS FROM Donations and legacies 5,514 51 5,565 Charltable actFvltles Charitable activities 11,448 11,448 Other tradin8 activities 7,048 Total 12,562 11,499 24,061 EXPENDITURE ON Charitable actlvities Support C05ts Charitable activities 11,350 3,288 6,195 17,545 3,288 Total 14,638 6,195 20,833 NEf INCOMEIIEXPENDITUREI Transfers between funds 12,0761 431 5,304 14311 3,228 Page 9 continued...
The Wayfinderwoman Trust Notes to the Flnandal Statements- continued for the Year Ended 31 October 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfivrnES- contlnued Unrestricted funds Restrirted fun(Is Total funds Net movement In fvnds 11,6451 4,873 3,228 RECONCILIATION OF FUNDS Total funds brought forward 28,354 551 28,905 TOTAL FUNDS CARRIED FORWARD 26,709 5,424 32,133 INTANGIBLE FIXED ASSETS Website cosr At l November 2022 and 31 October 2023 3,510 AMORTISATION At l November 2022 Charge for year 2,106 702 At 31 Ottober 2023 2,808 BOOKVALUE At 31 October 2023 702 At 31 October 2022 1,404 Page 10 continued...
The Wayfindenmoman Tru51 Notes to the Financlal Statements- contlnued for the Year Ended 31 October 2023 TANGIBLE FIXED ASSErs Fixtures and fittings COST At l Novemljer 2022 Additions At 31 October 2023 5,253 1,347 6,600 DEPRECIATION At l November 2022 Charge for year 4,006 1,627 At 31 October 2023 5,633 Nrf BOOK VALUE At 31 October 2023 967 At 31 October 2022 1,247 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other debtors 762 1,061 CREDITORS.. AMOUNTS FALLING DUÉ WtrHIN ONE YEAR 2023 2022 Other creditors 3,648 13,180 Intome from donations and 8rants that are for restricted purposes, on projects which are over a period of time have been deferred until such time that they are designated to be expended. Any surplus amounts are only taken once a project has been completed. Any amounts left at the end of the project are carried forward until such time that permission has been 8ranted from the gront provider to transfer the amounts to the general funds Grants deferred at the year end amounted to £1,669.12022- E2,2131- Page 11 continued...
The Waffinderwoman Trust Notes to the financial Statements - continued fov the Year Ended 31 October 2023 io. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 1.11.22 At 31.10.23 Unrestrfcted lunds General fund Women in Lockdown book Pier to Peer Walk Vintage Fair Royal Variety Show 18,436 472 4.394 1,209 2.198 1,158 12 7.621 790 20,384 12,015 1.209 2,198 26.709 8.791 790 36,29) RestrlLted funds SCF Tampon Tax SCF COVID.19 SCF Technical EBC3 EBC Devolved budget Arnold Clarke John Jackson Fund - Hub Lottery Community Fund MADI Garfield Weston fund 18081 213 211 213 211 233 500 500 4,¢X)O 3,041 353 233 5(K) 5C#) 3.041 353 1181 18 5.424 4,417 17901 9,051 TOTAL FUNDS 32,133 13,208 45,341 Page 12 continued...
The Wa¥findeorna Trust Notes to the Financial Statements- continued f¢rthe Year Ended 31 October 2023 io. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrlrted funds General fund Women in Lockdown book Pier to Peer Walk 5,899 12 8.296 14,8311 1,158 12 7,621 16751 14,297 15,5061 8,791 Restrleted lunds Mayors fund SCF Tampon Tax SCF COVID-19 5CF Technical E8C3 Lottery Community Fund MADL Garfield Weston fund 702 17021 243 S03 8.573 30,994 1,097 2,500 12431 15031 18,3401 127,9531 17441 12,5181 233 3,041 353 1181 45,420 141,0031 4,417 TOTAL FUNDS 59,717 46,5U91 13,208 Page 13 continued...
The Wayfinderwoman Trnst Notes to the Financial Statements- continued for the Year Ended 31 October 2023 io. MOVEMENT IN FUNDS- contlnued Comparatlves lor movement Sn funds Net movement In funds Transfers between funds At 1.11.21 At 31.10.22 Unrestrlcted funds General fund Women in Lockdown book Pier to Peer Walk Vintage Fair Royal Variety Show 25,231 17,2261 472 2.480 431 18,436 472 4,394 1,209 2,198 1.914 1.209 2,198 28,354 12,0761 431 26,709 Restrlcted funds SCF COVID -19 SCF Technical SCF Digital inclusion New Local Connect Grant EBC Devolved budget Arnold Clarke John Jackson Fund . Hub 213 210 213 211 303 13031 11281 128 5(KJ 51XJ 5C¥) 500 4,000 551 5,3CM 14311 5,424 TOTAL FUNDS 28,905 3.228 32,133 Page 14 continued...
The waVfinde0rnan Tntst Notes to the Financlal Staternents- coTrttnued lor the Year Ended 31 October 2023 io. MOVEMENT IN FUNDS- contlnued Comparative net movement in funds, included in the above are as follows: Incoming resour5 Resources expended Movement in funds Unrestrlrted lunds General fund Women in Lockdown book Pier to Peer Walk Royal Variety Show 4.181 2,204 2,873 3,304 111,4071 11,7321 13931 11,1061 17,2261 472 2,480 2,198 12,562 114,6381 12,0761 Restrlrted lunds Mayors fund SCF COVIO -19 SCF Technical SCF Digital InclusSon EBC Devolved budget Arnold Clarke John Jackson Fund - Hub 702 243 504 4.500 5LXI 1,050 17021 12431 15031 14.1971 303 500 5IXI 4,000 15501 11,499 16,1951 5,304 TOTAL FUNDS 24,061 120,8331 J,22¥ Pa8e 15 coritinued...
The Wayftnderwornan Trust Note5 to the Financial Statements- continued for the Year Ended 31 October 2023 io. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds Transfers between funds At 1.11.21 At 31.10.23 Unrestrlrted lunds General fund Women in Lockdown book Pier to Peer Walk Vintage Fair Royal Variety Show 25.231 16.0681 1.221 20,384 1,914 1,209 io,ioi 12,015 1,209 2,198 2.198 28.354 6,715 1,221 36,290 Restrlrted funds SCF Tampon Tax SCF COVID .19 SCF Technical SCF Digital inclusion EBC3 New Local Connect Grant EBC Devofved budget Arnold Clarke John Jackson Fund - Hub Lottery Communlty Fund MADL Garfield weston fund 18081 213 210 213 211 303 233 13031 233 128 11281 5(Kl 5( 5C(I 3,041 353 1181 3,041 353 18 551 9.721 11.2211 9,051 TOTAL FUNDS 28,5 16,346 45,341 Page 16 contÉnued...
The way11ndeornan Trust Notes to the Financial SLltements- tontinued the Year Ended 31 Oct¢)ber 2023 io. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined net movement funds, Included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlrted fund5 General fund Women in Lockdown book Pier to Peer Walk Royal Variety Show 10,170 2,216 11.169 3,304 116.2381 11,7321 11,0681 11,1061 16,0681 io,ioi 2,198 26,859 120,1441 6,715 Re5trlcted lunds Mayors fund SCF Tampon Tax SCF COVID -19 SCF Technical SCF Oi81tal inclu51on EBC3 EBC Devolved budget Arnold Clarke John jackson Fund . Hub Lottery Comryiunily Fund MADL Garfield weston fund 1,404 808 11,4041 808 14861 11,0061 14,1971 18,3401 1,007 4,5 8,573 5(Kl 1.050 303 233 500 500 4,000 3,041 353 1181 15501 30,994 1.097 2,5iX) 127,9531 17441 12,5181 56,919 147,1981 9,721 TOTAL FUNDS 83,778 167,3421 16,436 Page 17 continued...
The WayfindeNoman Trust Notes to the F5nanclal Statements- c¢)ntlnued lar the Yeai Ended 31 October 2023 ii. RELATED PARTY DISCLOSURES During the year. the patron of the charity made donatKJns to the charity to the value of £78712022 £7501. Payments were made to Mtc2 Limited for facilitator and project management expenses of £Nil12022 £NILI durlng the year. Mtc2 Llmited is a company run by a trustee. Payments made to RDP Limited for workshop facilitation of £5W12022 £51))) were made during the year. RDP Limited is a company run by a trustee. Page 18
The Wayfinderwoman Trust Detsiled Statement of Hnancial Activitle5 for the Year Ended 31 Ortober 2023 2023 2022 INCOME AND ENDOWMENTS Donatlons and le8acle5 Gifts 5,062 5,565 Other trading artNltles Fundraising events Sale of books and other items Course fees ,796 12 427 6,302 746 9.235 7,048 Charltable actlvltles Grants 45,420 11,448 Total Incomlng resources 59,717 24,061 EXPENDITURE Charltable actl¥ltles Postage and stationery Costs of fundraisin8 Leaflets and promotional Facilitator & Speaker fees Hall hire Volunteer expenses Advertising and promotion Computer expenses Refreshments Training 570 867 13 4,562 595 1,231 364 1,744 39 1,026 298 2,922 1,540 194 150 2,963 55 ii,oii 8,182 Support Costs Management Wages Social security Carried forward 21,096 72 21,168 This page does not form part of the statutory financial statements Paae 19
The Wayfinder4voman Tiust Detailed Statement of Financial Activities for the Year fnded 31 Oct¢yber 2023 2023 2022 Management Brought forward Pensions Rent Insurance Telephone Sundries Computer maintenance Sundry expenses Printing, postage and office Subscriptions Amortisation of intanglble flxed assets Depreciation of tangible and heritage assets 21,168 738 8,340 663 719 325 40) 8,340 627 406 144 284 71 702 1,184 816 702 1,627 35,498 12,598 Flnance Bank char8es 53 Total resources expended 46,509 20,833 Net Income 13,208 3,228 This page does not fom part of the statutory financial statements Page 20