Draft Financial Statements at 16 October 2023 at 16:10:20
Charity Registration No. 1201314
WOMENED
(CHARITABLE INCORPORATED ORGANISATION)
TRUSTEES' REPORT AND UNAUDITED ACCOUNTS FOR THE PERIOD ENDED 31 JULY 2023
Draft Financial Statements at 16 October 2023 at 16:10:20 WOMENED (CHARITABLE INCORPORATED ORGANISATION) LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Ms V Porritt OBE FRSA FCCT |
|---|---|
| Ms L Hannay | |
| Ms K Featherstone | |
| Mrs P Plummer | |
| Ms E Free | |
| Mrs N Hilton | |
| Charity number | 1201314 |
| Principal address | 28 Oaken Drive |
| Claygate | |
| Esher | |
| Surrey | |
| KT10 0DL | |
| Independent examiner | Claire Phillips FCCA |
| C H Jefferson & Co | |
| Suite 1 The Limewood Suite | |
| 5 Park Square | |
| Scunthorpe | |
| North Lincolnshire | |
| DN15 6JH |
Draft Financial Statements at 16 October 2023 at 16:10:20 WOMENED (CHARITABLE INCORPORATED ORGANISATION) CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 4 |
| Independent examiner's report | |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 - 9 |
Draft Financial Statements at 16 October 2023 at 16:10:20 WOMENED (CHARITABLE INCORPORATED ORGANISATION) TRUSTEES' REPORT
FOR THE PERIOD ENDED 31 JULY 2023
The trustees present their report and accounts for the period 13 December 2022 to 31 July 2023.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.
Structure, governance and management
The charity was established as a Foundation Charitable Incorporated Organisation by a charitable trust deed on 13 December 2022.
The trustees who served during the period were: Ms V Porritt OBE FRSA FCCT (Appointed 13 December 2022) Ms L Hannay (Appointed 13 December 2022) Ms K Featherstone (Appointed 13 December 2022) Mrs P Plummer (Appointed 13 December 2022) Ms E Free (Appointed 13 December 2022) Mrs N Hilton (Appointed 13 December 2022)
The Strategic Leadership team of WomenEd (Pre CIO) became the Trustees of the Charity.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Objectives and activities
The charity's objects are to promote equality and diversity for the public benefit by eliminating discrimination on the grounds of gender by: • raising awareness of issues and barriers faced by women educators, particularly those who are or aspire to be leaders in education, and by • removing or addressing such issues and sharing steps that can be taken to achieve equality through advocacy, social media, publications, events, and campaigns.
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Draft Financial Statements at 16 October 2023 at 16:10:20 WOMENED (CHARITABLE INCORPORATED ORGANISATION) TRUSTEES' REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2023
To achieve this, we work to remove systemic and organisational barriers to such progress and to elevate women to achieve their next leadership step.
The charity has 8 strategies for achieving it's aims:
Clarity - The disproportionate representation of women leaders across education, the lack of diversity, the large gender pay gap and the Motherhood Penalty propelled us into action globally. We work to share such clarity.
Communication - We first created WomenEd because we saw that women educators and leaders were being silenced on Twitter. We wanted to ensure women felt able to speak and that their voices were heard on social media.
Community - Our global community supports women where they live and work through our networks. Together we have a voice that is heard and respected and our community uses our voice to elevate women leaders in education and to disrupt the status quo.
Connection - Women thrive on being connected yet tend to avoid traditional workplace networking. We built WomenEd around networks of leaders supporting women where they live and work. We now have a hive of 25 global networks and 50,000 followers worldwide, all connected in wanting equity for women educators and leaders in education.
Change - This is the outcome we want from our combined values and goals. We want women leaders to insist on the changes needed to achieve gender equity in education. We want male leaders to be allies in this drive to achieve greater diversity in leadership and for women's voices to be heard. We want systemic change.
Collaboration - Collaboration at WomenEd events has developed into learning between networks, including global groups and greater working with partners and other organisations. This brings greater opportunities for women educators and leaders and enables us to reach and engage more women.
Challenge - The clarity of gender inequity in education led us to challenge all aspects of the under representation of women leaders. A significant challenge is to all aspects of the Recruitment process which results in white men being seen disproportionately in senior leadership. We challenge the lack of flexible working and remuneration decisions and disrupt the status quo in education.
Confidence - Many women in education feel they lack confidence. We encourage them to be 10%Braver and to share their concerns, ambitions and successes.
Public Benefit
WomenEd trustees have regard to the Charity Commission's guidance on reporting how WomenEd provides 'public benefit', and in particular to the requirements of the Charities Act and Charity Reporting Regulations.
Activites and Achievements
During the period WomenEd:
Organised events such as Meet, Mingle and Connect mornings to enable women to make powerful connections and hear from female leaders across various regions and countries.
We also have 4 campaigns:
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Gender pay gap for women working in education
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Flexible working for women working in education
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Diversity of women leaders in education
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Representation for women leaders in education
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Draft Financial Statements at 16 October 2023 at 16:10:20 WOMENED (CHARITABLE INCORPORATED ORGANISATION) TRUSTEES' REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2023
Achievements and performance
In respect of our campaigns:
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Gender Pay Gap for women working in education, we:
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Blogged about this
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Called on employers to remove the question on current salary from application forms and also references
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Updated the statistics from our UK Gender Pay Gap Analysis Report (2021)
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Begun writing and editing our 3[rd] book with 25+ authors from the WomenEd community who are raising their voice.
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Held a global unconference focused on our four campaigns.
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Flexible working for women working in education, we achieved:
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Published a wide range of blogs on flexible working practices including being a flexible Senior Leader
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Written about how to attract more women to senior leadership
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Discussed flexible thinking, including financial benefits, in a National College of Education podcast
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Contributed to Department for Education (England) Working Party on Flexible Working
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Collaborated with @FlexTeachTalent to propose School Teachers Pay and Conditions (England) change so teachers with a responsibility allowance, and who work part time, receive full salary for the responsibility.
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Collaborated on and curated 20+ short case studies on the benefits of flexible working for individuals, organisations, and students.
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Diversity of women leaders in education, we achieved:
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Our 2023 statement of action and commitments on equality, diversity, and inclusion in education
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Blogged under this category
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Continued to recruit women with a diverse experience to the reserved 20% places on NCE programme.
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Three of our six Global Strategic leaders are from underrepresented groups, demonstrating the change we want to see
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Grown WomenEd into a global organisation with networks on six continents, reflecting the universality of our message
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Run a seminar, in collaboration with Innovate Schools Trust, on how to diversify your team.
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Draft Financial Statements at 16 October 2023 at 16:10:20 WOMENED (CHARITABLE INCORPORATED ORGANISATION) TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 JULY 2023
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Representation for women leaders in education, we achieved:
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150 graduates with the NCE with significant success in achieving senior leader posts. Of the first cohort of 54 women, 92% gained a new role and / or promotion.
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Continued to support WomenEd cohorts for the Senior Leaders Masters I Apprenticeship programme with The National College of Education (England).
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Published a wide range of blogs and videos about gender assumptions, leadership mindset and gaining leadership posts
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Encouraged Early Career Teachers to think about becoming leaders
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Developing a partnership with a Trust on how educational leaders can make recruitment less biased.
Financial review
The financial accounts for the period 13 December 2022 to 31 July 2023 are set out on pages 7 to 10. The Statement of Financial Activities shows a surplus for the period of £4,439. The total reserves at the year end stand at £70,746 all of which is unrestricted.
We keep a reserve of 6 months average expenses. This policy is reviewed annually by trustees.
On behalf of the board of trustees
..............................
Ms V Porritt OBE FRSA FCCT
Trustee Dated: .........................
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Draft Financial Statements at 16 October 2023 at 16:10:20 WOMENED (CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.
In preparing these accounts, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Draft Financial Statements at 16 October 2023 at 16:10:20 WOMENED (CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING RECEIPTS AND PAYMENTS ACCOUNT
FOR THE PERIOD ENDED 31 JULY 2023
| 2023 | ||
|---|---|---|
| Notes | Unrestricted | |
| funds £ | ||
| Incoming resources from generated funds | ||
| Incoming resources from charitable activities | 2 | 13,901 |
| Activities for generating funds (trading) | 3 | 116 |
| 14,017 | ||
| Other incoming resources | 4 | 169 |
| Total incoming resources | 14,186 | |
| Resources expended | 5 | |
| Costs of generating funds | ||
| Fundraising trading: costs of goods sold | 3 | 40 |
| Charitable activities | ||
| Costs of charitable activities | 9,706 | |
| Governance costs | 1 | |
| Total resources expended | 9,747 | |
| Net income for the year/ | ||
| Net movement in funds | 4,439 | |
| Funds introduced from pre CIO charity 13 December 2022 | 66,307 | |
| Fund balances at 31 July 2023 | 70,746 |
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Draft Financial Statements at 16 October 2023 at 16:10:20 WOMENED (CHARITABLE INCORPORATED ORGANISATION) BALANCE SHEET
AS AT 31 JULY 2023
| Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year 8 Total assets less current liabilities Income funds Unrestricted funds The accounts were approved by the Trustees on ......................... |
2023 £ 71,685 (939) |
£ 70,746 |
|---|---|---|
| 70,746 | ||
| 70,746 | ||
.............................. Ms V Porritt OBE FRSA FCCT Trustee
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Draft Financial Statements at 16 October 2023 at 16:10:20 WOMENED (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS
FOR THE PERIOD ENDED 31 JULY 2023
1 Accounting policies
1.1 Basis of preparation
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with the Charities Act 2011.
The accounts are prepared as a receipts and payments account and as such contain a summary of money received and money spent during the period, and a list of assets and liabilities at the end of the period.
2 Incoming resources from charitable activities
| Fees for charitable services 3 Activities for generating funds (trading) Activities for generating funds (trading) Fundraising trading: costs of goods sold Net 4 Other incoming resources Book royalties |
2023 13,901 2023 116 (40) 76 2023 169 |
|---|---|
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Draft Financial Statements at 16 October 2023 at 16:10:20 WOMENED (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2023
| 5 Total resources expended Costs of generating funds Fundraising trading: costs of goods sold Charitable activities Activities undertaken directly Governance costs |
2023 £ 40 9,706 1 |
|---|---|
| 9,747 |
6 Trustees
None of the trustees (or any persons connected with them) received any remuneration during the period, but 2 of them were reimbursed a total of £1,496 expenses.
7 Employees
There were no employees during the period.
| 8 | Creditors: amounts falling due within one year | 2023 |
|---|---|---|
| £ | ||
| Other creditors | 939 |
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