## **Trustees' Annual Report for the period** Period start date Period end date Day Month Year Day Month Year 14 Feb 2022 **To** 31 Dec 2022 **From** ## Section A Reference and administration details ## **Charity name** Another Way Women’s Foundation **Other names charity is known by** **Registered charity number (if any)** 1197515 **Charity's principal address** ||| |---|---| |Northoak House
Cudworth Lane
Newdigate
Surrey|| ||| ||| |**Postcode**|RH5 5BH| **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Dr WendyMathias|Chair||Dr WendyMathias| ||Ms Olivia Burgess|||Ms Olivia Burgess| ||Ms AmyBurgess|||Ms AmyBurgess| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| **TAR** March **2012** 1 **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** ## **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of adviser**
**Name**
**Address**||| |**Bank**|Brown Shipley|2 Moorgate London EC2R 6AG| |**Accountant**|Warner Wilde Limited|4 Marigold Drive, Bisley Surrey GU24 9SF| |||| |||| **Name of chief executive or names of senior staff members (Optional information)** ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** CIO Foundation Constitution Type of governing document (eg. trust deed, constitution) Charitable Incorporated Organisation (CIO) How the charity is constituted - (eg. trust, association, company) Apart from the first charity Trustees, every Trustee must be appointed by a Trustee selection methods resolution passed at a properly convened meeting of the charity Trustees. (eg. appointed by, elected by) In selecting individuals for appointment as charity Trustees, the charity Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. The minimum number of Trustees is 3 and the maximum is 6. ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; The charity Trustees pledge to make available to each new charity Trustee, on or before their first appointment: (a) a copy of the current version of the foundation model constitution; and (b) a copy of the CIO’s latest Trustees’ Annual Report and statement of accounts The members of the CIO shall be its charity Trustees for the time being. The only persons eligible to be members of the CIO are its charity Trustees. Membership of the CIO cannot be transferred to anyone else. - trustees’ consideration of The first charity Trustees are as follows: WENDY JANE MATHIAS (Chair) - major risks and the system OLIVIA CHARLOTTE GRACE BURGESS - and procedures to manage AMY ALICE EVE BURGESS - them. **TAR** March **2012** 2 In addition to the Trustees, we also had an Operations Manager, Sallie Griffiths who was paid on a contract basis for services to the charity in 2022. Together with the Trustees, they comprise the AWWF Steering Committee. We also partner with 5 volunteers who assist us in our Steering Group. We partner with all our grant-recipient organisations in delivering the aims and objectives of AWWF. ## **Section C Objectives and activities** Another Way Women’s Foundation (AWWF) is an independent, volunteerled, grant-making charity dedicated to enabling a brighter and fairer future for women and girls through financial support, education, empowerment and advancement. **Summary of the objects of the** Our purpose is to advance such charitable purposes (according to the **charity set out in its** law of England and Wales) as the Trustees see fit from time to time, **governing document** preferring, but not limited to, such charitable purposes and organisations which are beneficial to the relief of need, education and empowerment of women, by making grants to UK-registered charities, other not-for-profit organisations, or individuals in need. We offer two types of grant: (i) the larger 'Another Way Women's Foundation grant' **Summary of the main** which is normally up to £5,000 and **activities undertaken for the** (ii) the '£1000 for 1000 words' grant for smaller applications. **public benefit in relation to these objects (include within** In the reporting period (14/2/22 to 31/12/22), a total of £42,194 grant **this section the statutory** funding was provided, via 8 grants, made to 6 separate charitable **declaration that trustees have** organisations. **had regard to the guidance issued by the Charity** Our Trustees have all read and adhere to the guidance issued by the **Commission on public** Charity Commission on public benefit. **benefit)** **TAR** March **2012** 3 ## **Additional details of objectives and activities (Optional information)** To help ensure that our grant making activities contribute to the achievement of our aims and objectives, we use rigorous criteria to evaluate each application against. Applications must be: - In line with, and supportive of, Another Way Women’s Foundation (AWWF)’s charitable purpose to support the relief of need, education, empowerment and advancement of women, as well as the values and ethos of our organisation - UK-based - Not for profit and not for self-benefit - Aimed at having a positive, measurable and sustainable impact on women in need and/or the community as a whole You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. - Focused preferentially, but not exclusively, on sustainable, cooperative, community-led initiatives aimed at the root cause of gender inequality (system change) in under-represented communities and/or under-funded areas - Clear, detailed and SMART (Specific, Measurable, Achievable, Relevant, and Time-Based) We try to ensure that our grant making activities are a s sociallyresponsible as possible by investing only in organisations that have a track record of social responsibility through helping the wider community. We have a number of volunteers (5 during this reporting period) who are members of our Steering Group. They meet each Quarter to assess the funding applications received and the recommendations made by the Trustees of the applications we should support. Their role is to ensure the applications meet our funding criteria, that due diligence checks have been made, and to put forward their ideas, opinions and questions in order for final decisions on funding to be made. They also contribute by suggesting causes to fund via their wider connections to their communities. **TAR** March **2012** 4 ## Section D Achievements and performance ## **Summary of the main achievements of the charity during the year** 2022 was the inaugural year for Another Way Women's Foundation (AWWF), and it was one of listening and learning for our team as we entered the grant-giving charity world. After the initial focus on getting the charity set-up, marketing, processes and application procedure in place, the Trustees were eager to ensure we recruited a volunteer Steering Group that reflected a broad crosssection of the communities that we are looking to support. Then, with all that in place, it was time to start finding worthy partners to fund. Starting small for Year 1, we awarded 8 grants in 2022 to 6 charity partners, delivering services and projects aimed at women's advancement and well-being. We also made one charitable donation to an additional charity partner. We worked alongside and supported some truly inspirational people and organisations, and have been humbled by what has been achieved so far – positively touching over 300 women’s lives in our first year through our amazing partners: - Brighton Women's Centre - Network of International Women for Brighton & Hove - Oasis Domestic Abuse Service - RISE UK - Survivors' Network - The Community Hub - The Hunger Project UK In terms of achievements versus set objectives, our purpose is to advance such charitable purposes and organisations which are beneficial to the relief of need, education and empowerment of women. In terms of the benefits we sought to achieve, these included: - The relief of poverty - • Advancement of education - Advancement of health or saving of lives - The advancement of citizenship or community development - The advancement of the arts, culture, heritage or science - The advancement of amateur sport - The advancement of human rights, conflict resolution or reconciliation or the promotion of religious or racial harmony or equality and diversity Conflict resolution - The advancement of environmental protection or improvement - • The relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or other disadvantage AND Provision of ‘public benefit’, preferring, but not limited to, relief of need, education and empowerment of women. With respect to achievements versus these objectives, we can confirm that the funding made available by AWWF impacted more than 300 women’s lives. In total in 2022 we received 23 viable applications; 10 in our first Quarter (March) and 11 in our second quarter (June), 1 in Q3 (September) and 1 in Q4 (December). Of the 23 applications, 9 were successful with a total of £42,194 being given in grants. Two of these applications received matched funding adding a further £6,500 to the monies received, making a total of £48,694 funds available for projects and services. **TAR** March **2012** 5 Section D Achievements and erformance p On reflective analysis, we have seen that our grants fell into two distinct categories: (i) support for women in the community who have suffered hardship, with the aim of enabling them to move forward and make life changes via recognised organisations that are trained to give the support and expertise needed (ie, ‘relief of need’), and (ii) support for projects that make a longer-term, more sustainable impact on the lives of women (ie, ‘education, empowerment and advancement’). As such, we believe that the objectives we set at our outset have been met. Moving forward, for future grant giving, we will be seeking to quantify the impact and performance of our grants more objectively, using SMART reporting. Our CIO foundation model constitution allows fundraising via public donations. However, our initial Business Plan did not include any provision or requirement for fundraising above and beyond the investment interest income and no public donations were sought or received. As such, the lack of additional fundraising during the reporting period was as expected. That said, moving forward, the Trustees will be considering whether additional fundraising routes/mechanisms via public donations should be considered, especially in light of the poor investment market performance in 2022. As stated in our Business Plan document submitted to The CC to support our registration, our objective for our start-up year was to make an initial investment of £1M, which we hoped would release funds of ~£80,000 into the organisation to cover AWWF costs and grant-making activities. However, sadly due to the financial ‘crash’ in 2022, the £1M investment actually declined below investment value, so did not trigger any income via interest payments. The shortfall was met by further investment made personally by Dr Wendy Mathias, the Chair of Trustees. Following outgoings to cover legal, accountancy, operations costs etc, we aimed for the estimated level of grant-making funds available in Year 1 to be ~£50,000. This estimate turned out to be accurate and £42,194 funding was actually provided, via 8 grants, made to 6 organisations, plus one donation. For future planning, will be targeting an investment return of 7–8% per annum, as projected in our original Business Plan. **TAR** March **2012** 6 ## **Section E Financial review** Reserves held as of end of the reporting period, 31 December 2022: **Brief statement of the** £985,156 in investment account **charity’s policy on reserves** £41,139 in current account The reserves held in the investment account are used to trigger interest that provides the funds into the current account. The reserves held in the current account are used to fund the charity partners and projects we support. **Details of any funds materially** £840 liability for independent examiner **in deficit** ## **Further financial review details (Optional information)** You **may choose** to include additional information, where relevant about: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - investment policy and objectives including any ethical investment policy adopted. Founder and Chief Trustee, Dr Wendy Mathias, holds significant investments managed by Brown Shipley. The source of funds for these investments was the sale of shares in Obsidian Healthcare Group Ltd (Registered in England No. 09894418); a company previously owned 100% by Dr Mathias. In relation to the set up and initial investment into AWWF, Dr Mathias instructed Brown Shipley to open a bank account and a general investment account. Money is invested in line with the Trustee Investment Policy Document. Brown Shipley act as Investment Manager and use a total return approach. This approach means that AWWF, when deciding what to spend in a given year, is able to look at all investment returns, regardless of whether these come from dividends, interest or capital gains. Brown Shipley target an investment return of 7–8% per annum such that the foundation will be able to make grants of this value each year, retaining the original capital invested. Quarterly valuation reports are provided from the Investment Managers. Ad-hoc reports, where relevant, can also be requested at any time by the foundation. A medium risk investment profile has been selected, commensurate with the Balanced mandate, as defined in Brown Shipley Guide to Investing brochure. Returns from a Balanced Portfolio are sought by way of a combination of capital appreciation and income. There is a medium risk to capital, exceeding that for an ‘Income’ Portfolio, but with increased opportunities for above inflation returns over the investment time horizon (10 years plus). There is a possibility that the investments may display larger and/ or more frequent fluctuations in capital value in comparison with an ‘Income’ Portfolio over the investment time horizon. The portfolio is be biased towards equities (UK and international), with a lesser degree of fixed income exposure when compared to an ‘Income’ Portfolio. There may also be exposure to alternative assets and cash. With respect to the social investment/ethical policy, AWWF Trustees wish to invest in a responsible manner and have asked that the Investment **TAR** March **2012** 7 Manager invests on a best endeavours basis, in such a way that reflects ethical and socially responsible values. The Investment Policy is reviewed annually by the Trustees to ensure that the portfolio is being managed according to the standards set out in the policy document. This will incorporate the annual attendance at one of the Trustees meetings by a representative from the Investment Managers, where the Investment Policy will be discussed. ## **Section F Other optional information** As outlined in our Investment Policy Document, the main risk facing the foundation is lack of income and financial sustainability. If the investment funds fail to generate interest income in line with our Business Plan (7– 8% pa), the charity will be impeded with respect to its ability to provide grants in line with our expectations. Due to movements in the financial markets, in any given year, the investment returns can be positive or negative. In terms of other risks to the charity, these potentially could include: - poor Trustees’ due diligence and decision making (ie, in terms of giving grants to organisations that fail to deliver on the agreed project/service goals and/or that don’t meet the ethical standards of our grant making policy) - compliance/data protection/GDPR breaches resulting loss, alteration, unauthorised disclosure of or access to personal data - inadequate governance leading to failure to meet our strategic, charitable, regulatory and ethical objectives - cybersecurity breaches negatively impacting the confidentiality, integrity and availability of a charity’s information systems and data. ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (eg**
**Secretary, Chair,**
**etc)**
**Date**|||| |---|---|---|---| ||Wendy Jane Mathias|Olivia Charlotte Grace
Burgess|Amy Alice Eve Burges| ||

Chair of Trustees|Trustee|Trustee| ||||| ||16/06/2023|16/06/2023|16/06/2023| **TAR** March **2012** 8 CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examinerfs report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of Another Way Women's Foundation On accounts for the year ended 3111212022 Charlty no Ilf any) 1197515 Set out on pages I report to the trustees on my examination of the accounts of the above charity (￿he Trusl") for Ihe year ended 31 December 2022, Responslbllltles and As the charity trustees of the Trust, you are responsible for the preparation ba818 of report of the accounts in accordance with the requirements of the Charities Act 2011 (Ihe ACY). I rèport in respect of my examination of the Trust's aeeounts carrl8d out under section 145 of thè 2011 Act and in carying out my examination, I have followed the applicable DireclK)ns given by the Charity Commisslon under seclion 14515}Ib) of the Act. I have Completed my exaMinat￿n. I confim that no material matters have come to my attention in connection wrth Ihe examination which givas me cause lo believe Ihal in, any material respect.. accounting records were not kept in acwrdance with s8Ction 130 of the Ad or the aw)unts do not accord wtth thé accountlng records Independent oxamlnef s statement I have no COn￿mS and have come across no other matters Sn connection th the examination to which attention shoukl be drawn in order lo enable a prO￿r understanding of the accounts to be reached. Slgned: Date: 59 JJ lols Name: FJ Wlde Relevant professlonal quallflcatlonls) or body Ilf any): FCCA DChA MBA PgDip Address: 4 Marigold Drivé Bisley Surrey GU24 9SF **----- Start of picture text -----**
Charity Name No (if any)
Another Way Women's Foundation 1197515
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 01/01/2022 31/12/2022
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
Donations 105,000 - - 105,000 -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
- - 105,000 -
AR) [ 105,000 ]
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 105,000 - - 105,000 -
A3 Payments
Grants payable 42,194 - - 42,194 -
Charitable donations 5,000 - - 5,000 -
Consultancy 16,667 - - 16,667 -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ 63,861 ] - - 63,861 -
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments [ 63,861 ] - - 63,861 -
Net of receipts/(payments) 41,139 - - 41,139 -
A5 Transfers between funds - - - - -
A6 Cash funds last year end - - - - -
Cash funds this year end 41,139 - - 41,139 -
**----- End of picture text -----**
## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B1 Cash funds**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**|Signature
Independent Examiner
**Details**
Brown Shipley Account
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
**Details**
Expendable Endowment
**Details**|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**41,139**
**-**
**-**
**-**
**-**
**-**
**41,139**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**840**
**-**
**-**
**-**
**-**
Print Name
Dr Wendy Jane Mathias|**Restricted**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
OK
**Restricted**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Amount due**
**(optional)**|**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**| |---|---|---|---|---| |||||**-**| |||||OK| |||||**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**985,156**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**When due**
**(optional)**| ||||**840**
**-**
**-**
**-**
**-**|| |||||Date of
approval
19 June '23|