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2024-10-31-accounts

REGISTERED CHARITY NUMBER: 1175486

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

THE WAYFINDERWOMAN TRUST

Gibbons Mannington & Phipps LLP Chartered Accountants

20 Eversley Road Bexhill-on-Sea East Sussex TN40 1HE

THE WAYFINDERWOMAN TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024

Page Page Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 14
Detailed Statement of Financial Activities 15

THE WAYFINDERWOMAN TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST OCTOBER 2024

The trustees present their report with the financial statements of the charity for the year ended 31st October 2024. The trustees have adopted the provisions of Accounting and Reporting 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

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:

a) The provision of information and advice,

b) Building a mutual support community, able to network with others with similar experiences with the object of providing individuals with the knowledge, understanding and confidence to overcome barriers to employment opportunities,

c) One to one support, workshops and seminars with the objective of enabling women and young girls so that they have the skills and confidence to overcome any barriers that are preventing them from identifying and pursuing employment choices prior to, and during their working lives,

d) Provision of on-line and face to face support in an empathic, non-threatening environment with the object of relieving emotional hardship,

e) Working alongside organisations to improve and promote employment opportunities for women with the object of relieving financial hardship.

Volunteers

The charity can only operate with volunteers who are committed to helping other women. This year we had had a number of volunteers giving their time both in the drop in-centre (the Hub) and outside of that raising awareness and fundraising. In total they gave 2,302 hours of their time for which we are very grateful. Although this is a reduction on the previous year, it is a reflection of the difficulty we are facing, along with other charities, in recruiting and retaining volunteers.

Page 1

THE WAYFINDERWOMAN TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST OCTOBER 2024

ACHIEVEMENT AND PERFORMANCE

Charitable activities

In the second year of our Reaching Communities National Lottery grant, we note that there has been a doubling in hub activity from 235 contacts in the previous year to 543 in this reporting year. Over 70 women have attended workshops with excess of 60 having peer support 1-2-1s and pro-bono coaching. We still experience a high number of beneficiaries who book onto our courses and peer support sessions that fail to attend due to ill health or other commitments have unexpectedly arisen. As Trustees we are endeavoring to reduce the non-attendance and make our activities as accessible as possible. Our annual survey found continuing major challenges for women around mental health issues and cost of living, where nearly a third of respondents reported cutting back on food and essentials and over two thirds report that they have experienced gender discrimination. We continue to offer support based on the feedback we receive from surveys such as this. Thanks to our part-time Community Ambassador, funded by Awards for All, we have established contact with an additional 25 organisations and through our external events met another 300+ individuals. This is significantly raising our profile within the local community and enabling us to better signpost beneficiaries.

Competition for grants continues and in addition to the National Lottery, we received funding of £2,500, the second instalment, from the Garfield Weston Foundation which was used to run several of our workshops to improve women's mental health. We also received funding from the John Jackson Trust of £8,600 and also £18,263 from Awards for All, National Lottery.

We were pleased to welcome Mrs H Peckham, Ms D Reid, Ms Q Luong, Ms L Bedford, Ms S Harris, Ms A Langford-Hebbelink and Mrs C Corke as Trustees during the year. We said goodbye to Ms K Day, Ms F Anderson,Ms B Rowe, Ms J Lovegrove, Ms S Bush and Ms D Reid, who had been involved with the charity for a while. Our enormous thanks go to them, and all of the Trustees who willingly give their time and expertise.

We remained active with representation on the CPS Scrutiny Panels for Violence Against Women and Young Girls, and Hate Crime, whilst our involvement as a representative on the Strategic Independent Advisory Group for Sussex Police resulting in even closer working relationships with the Force.

FINANCIAL REVIEW

Financial position

The total income for the year was £80,807 which was made up of £69,287 from donations and legacies, whilst the balance of £11,520 came from trading activities. (£59,715 in 2023). During the year there was expenditure of £10,910 spent on fund raising and £47,968 spent on charitable activities, a total of £58,878 overall. (£46,510 - 2023) The financial statements show a net income surplus of £21,929 for this year (2023- surplus of £13,205).

Reserves policy

The charity's reserves are required and maintained at a level sufficient to ensure the continuance of the charity's objectives. The charity has ringfenced designated funds of £10,405 continue the charity's objectives for the next two years. The restricted funds are currently £26,876 with unrestricted funds at £40,391.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust. The charity was registered as a Charitable Incorporated Organisation (CIO) with the Charity Commission on 31 October 2017.

Recruitment and appointment of new trustees

The Board of Trustees may at any time appoint another individual as a new Trustee by ordinary resolution. The Trustees can consist of at least three with no maximum limit.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1175486

Page 2

THE WAYFINDERWOMAN TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST OCTOBER 2024

Principal address

10 Michelham Close Eastbourne East Sussex BN23 8JD

Trustees

Mrs L J Murphy (resigned 3/9/2024) Miss T Xerxes Mrs K Day (resigned 17/6/2024) Ms F I Anderson (resigned 17/6/2024) Mrs J Lovegrove (resigned 21/2/2025) Ms B Rowe (resigned 13/5/2024) Ms S Bush (resigned 17/6/2024) Mrs C Maskill Mrs T Anderton Mrs K Burrell Ms H Peckham (appointed 15/12/2023) Ms D Reid (appointed 23/10/2024) (resigned 13/3/2025) Ms Q M Luong (appointed 3/9/2024) Ms L Bedford (appointed 18/6/2024) (resigned 13/3/2025) Ms S Harris (appointed 18/6/2024) Ms A Langford-Hebbelinck (appointed 5/12/2023) Mrs C C E Corke (appointed 10/12/2024)

Independent Examiner

Danny Sallows FCA Gibbons Mannington & Phipps LLP Chartered Accountants 20 Eversley Road Bexhill-on-Sea East Sussex TN40 1HE

Approved by order of the board of trustees on 20th May 2025 and signed on its behalf by:

Ms H Peckham - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WAYFINDERWOMAN TRUST

Independent examiner's report to the trustees of The WayfinderWoman Trust

I report to the charity trustees on my examination of the accounts of The WayfinderWoman Trust (the Trust) for the year ended 31st October 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's 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 any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 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 examination.

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 understanding of the accounts to be reached.

Danny Sallows FCA

Gibbons Mannington & Phipps LLP Chartered Accountants 20 Eversley Road Bexhill-on-Sea East Sussex TN40 1HE

23rd May 2025

Page 4

THE WAYFINDERWOMAN TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST OCTOBER 2024

Unrestricted
Restricted
funds
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
5,773
63,514
Other trading activities
3
11,520
-
Total
17,293
63,514
EXPENDITURE ON
Raising funds
1,923
8,987
Charitable activities
4
Charitable activities
11,222
36,746
Total
13,145
45,733
NET INCOME
4,148
17,781
Transfers between funds
13
(44)
44
Net movement in funds
4,104
17,825
RECONCILIATION OF FUNDS
Total funds brought forward
36,287
9,051
TOTAL FUNDS CARRIED FORWARD
40,391
26,876
2024
Total
funds
£
69,287
11,520
80,807
10,910
47,968
58,878
21,929
-
21,929
45,338
67,267
2023
Total
funds
£
50,480
9,235
59,715
867
45,643
46,510
13,205
-
13,205
32,133
45,338

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 5

THE WAYFINDERWOMAN TRUST

BALANCE SHEET 31ST OCTOBER 2024

2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Intangible assets 9 - - - 702
Tangible assets 10 - 452 452 967
- 452 452 1,669
CURRENT ASSETS
Debtors 11 745 - 745 762
Cash at bank and in hand 40,887 27,300 68,187 46,558
41,632 27,300 68,932 47,320
CREDITORS
Amounts falling due within one year 12 (1,241) (876) (2,117) (3,651)
NET CURRENT ASSETS 40,391 26,424 66,815 43,669
TOTAL ASSETS LESS CURRENT
LIABILITIES 40,391 26,876 67,267 45,338
NET ASSETS 40,391 26,876 67,267 45,338
FUNDS 13
Unrestricted funds 40,391 36,287
Restricted funds 26,876 9,051
TOTAL FUNDS 67,267 45,338

The financial statements were approved by the Board of Trustees and authorised for issue on 20th May 2025 and were signed on its behalf by:

H Peckham - Trustee

The notes form part of these financial statements

Page 6

THE WAYFINDERWOMAN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting 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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing 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 aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Website

Intangible assets are initially measured at cost. After initial recognition, 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

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 particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity 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.

Cash at bank

Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the opening of the deposit.

Debtors

Debtors are recognised at their recoverable amounts to which the trust is entitled.

continued...

Page 7

THE WAYFINDERWOMAN TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST OCTOBER 2024

1. ACCOUNTING POLICIES - continued

Cash at bank

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement value.

2. DONATIONS AND LEGACIES

Donations
Grants
Grants received, included in the above, are as follows:
Lottery Community Fund
Mayors Fund
Garfield Weston
MADL
SCF
EBC
John Jackson Trust
3.
OTHER TRADING ACTIVITIES
Fundraising events
Sale of books
Course fees
4.
CHARITABLE ACTIVITIES COSTS
2024
£
5,773
63,514
69,287
2024
£
51,197
702
2,500
451
64
-
8,600
63,514
2024
£
11,452
38
30
11,520
2023
£
5,060
45,420
50,480
2023
£
30,994
702
2,500
1,097
1,554
8,573
-
45,420
2023
£
8,796
12
427
9,235

Charitable activities

Direct Costs (see note 5) £ 47,968

continued...

Page 8

THE WAYFINDERWOMAN TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST OCTOBER 2024

5. DIRECT COSTS OF CHARITABLE ACTIVITIES

DIRECT COSTS OF CHARITABLE ACTIVITIES
2024 2023
£ £
Staff costs 24,466 21,906
Secretarial services 540 -
Postage and stationery 245 570
Leaflets and promotional costs 818 13
Facilitator and speaker fees 3,769 4,562
Hall hire - 595
Volunteer expenses 534 1,231
Advertising, promotion and marketing 1,838 364
Computer expenses 2,760 1,745
Refreshments - 39
Training 876 1,026
Rent 8,340 8,340
Insurance 692 662
Telephone 301 719
Sundries 152 325
Travel 324 -
Computer maintenance - 400
Subscriptions 929 816
Payroll fees 167 -
Depreciation 1,217 2,330
47,968 45,643

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st October 2024 nor for the year ended 31st October 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st October 2024 nor for the year ended 31st October 2023.

7. STAFF COSTS

STAFF COSTS
2024 2023
£ £
Wages and salaries 24,101 21,096
Social security costs - 72
Other pension costs 365 738
24,466 21,906

The average monthly number of employees during the year was as follows:

2024 2023
Part-time 2 2

No employees received emoluments in excess of £60,000.

continued...

Page 9

THE WAYFINDERWOMAN TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST OCTOBER 2024

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 5,060 45,420 50,480
Other trading activities 9,235 - 9,235
Total 14,295 45,420 59,715
EXPENDITURE ON
Raising funds 867 - 867
Charitable activities
Charitable activities 4,640 41,003 45,643
Total 5,507 41,003 46,510
NET INCOME 8,788 4,417 13,205
Transfers between funds 790 (790) -
Net movement in funds 9,578 3,627 13,205
RECONCILIATION OF FUNDS
Total funds brought forward 26,709 5,424 32,133
TOTAL FUNDS CARRIED FORWARD 36,287 9,051 45,338
9. INTANGIBLE FIXED ASSETS
Website
£
COST
At 1st November 2023 and
31st October 2024 3,510
AMORTISATION
At 1st November 2023 2,808
Charge for year 702
At 31st October 2024 3,510
NET BOOK VALUE
At 31st October 2024 -
At 31st October 2023 702

continued...

Page 10

THE WAYFINDERWOMAN TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST OCTOBER 2024

10. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1st November 2023 and
31st October 2024 6,600
DEPRECIATION
At 1st November 2023 5,633
Charge for year 515
At 31st October 2024 6,148
NET BOOK VALUE
At 31st October 2024 452
At 31st October 2023 967
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 745 762
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Taxation and social security 2 23
Other creditors 2,115 3,628
2,117 3,651

continued...

Page 11

THE WAYFINDERWOMAN TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST OCTOBER 2024

13. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Women in Lockdown book
Pier to Peer walk
Vintage fair
Royal Variety Show
Restricted funds
SCF COIVD-19
SCF Technical
EBC 3
EBC Devolved budget
Arnold Clarke
John Jackson Fund - Hub
Community Ambassador Fundraiser
Lottery Community Fund
MADL
Garfield Weston Fund
TOTAL FUNDS
At
1/11/23
£
20,381
484
12,015
1,209
2,198
36,287
213
211
233
500
500
4,000
-
3,041
353
-
9,051
45,338
Net
movement
in funds
£
(578)
38
4,688
-
-
4,148
-
-
-
-
-
3,000
14,876
(51)
-
(44)
17,781
21,929
Transfers
between
funds
£
(44)
-
-
-
-
(44)
-
-
-
-
-
-
-
-
-
44
44
-
At
31/10/24
£
19,759
522
16,703
1,209
2,198
40,391
213
211
233
500
500
7,000
14,876
2,990
353
-
26,876
67,267

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 10,705 (11,283) (578)
Women in Lockdown book 38 - 38
Pier to Peer walk 6,550 (1,862) 4,688
17,293 (13,145) 4,148
Restricted funds
Mayors Fund 702 (702) -
SCF COIVD-19 49 (49) -
SCF Technical 15 (15) -
John Jackson Fund - Hub 8,600 (5,600) 3,000
Community Ambassador Fundraiser 18,263 (3,387) 14,876
Lottery Community Fund 32,934 (32,985) (51)
MADL 451 (451) -
Garfield Weston Fund 2,500 (2,544) (44)
63,514 (45,733) 17,781
TOTAL FUNDS 80,807 (58,878) 21,929

continued...

Page 12

THE WAYFINDERWOMAN TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST OCTOBER 2024

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers Transfers
At movement between At
1/11/22 in funds funds 31/10/23
£ £ £ £
Unrestricted funds
General fund 18,436 1,155 790 20,381
Women in Lockdown book 472 12 - 484
Pier to Peer walk 4,394 7,621 - 12,015
Vintage fair 1,209 - - 1,209
Royal Variety Show 2,198 - - 2,198
26,709 8,788 790 36,287
Restricted funds
SCF Tampon Tax - 808 (808) -
SCF COIVD-19 213 - - 213
SCF Technical 211 - - 211
EBC 3 - 233 - 233
EBC Devolved budget 500 - - 500
Arnold Clarke 500 - - 500
John Jackson Fund - Hub 4,000 - - 4,000
Lottery Community Fund - 3,041 - 3,041
MADL - 353 - 353
Garfield Weston Fund - (18) 18 -
5,424 4,417 (790) 9,051
TOTAL FUNDS 32,133 13,205 - 45,338
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 5,987 (4,832) 1,155
Women in Lockdown book 12 - 12
Pier to Peer walk 8,296 (675) 7,621
14,295 (5,507) 8,788
Restricted funds
Mayors Fund 702 (702) -
SCF Tampon Tax 808 - 808
SCF COIVD-19 243 (243) -
SCF Technical 503 (503) -
EBC 3 8,573 (8,340) 233
Lottery Community Fund 30,994 (27,953) 3,041
MADL 1,097 (744) 353
Garfield Weston Fund 2,500 (2,518) (18)
45,420 (41,003) 4,417
TOTAL FUNDS 59,715 (46,510) 13,205

continued...

Page 13

THE WAYFINDERWOMAN TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST OCTOBER 2024

14. RELATED PARTY DISCLOSURES

Payments made to RDP Limited for workshop facilitation of £500 (2023 £500) were made during the year. RDP Limited is a company run by a trustee. There are no further declarations of interest.

Page 14

THE WAYFINDERWOMAN TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST OCTOBER 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Other trading activities
Fundraising events
Sale of books
Course fees
Total incoming resources
EXPENDITURE
Raising donations and legacies
Fund raising costs
Fund raising consultancy
Charitable activities
Wages
Social security
Pensions
Secretarial services
Postage and stationery
Leaflets and promotional costs
Facilitator and speaker fees
Hall hire
Volunteer expenses
Advertising, promotion and marketing
Computer expenses
Refreshments
Training
Rent
Insurance
Telephone
Sundries
Travel
Computer maintenance
Subscriptions
Payroll fees
Website
Fixtures and fittings
Total resources expended
Net income
2024
£
5,773
63,514
69,287
11,452
38
30
11,520
80,807
1,923
8,987
10,910
24,101
-
365
540
245
818
3,769
-
534
1,838
2,760
-
876
8,340
692
301
152
324
-
929
167
702
515
47,968
58,878
21,929
2023
£
5,060
45,420
50,480
8,796
12
427
9,235
59,715
867
-
867
21,096
72
738
-
570
13
4,562
595
1,231
364
1,745
39
1,026
8,340
662
719
325
-
400
816
-
702
1,628
45,643
46,510
13,205

This page does not form part of the statutory financial statements

Page 15