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2024-03-30-accounts

REGISTERED COMPANY NUMBER: 14521351 (England and Wales) REGISTERED CHARITY NUMBER: 1202082

FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

FOR

SWANSEA WOMENS AID

Bevan Buckland LLP Chartered Accountants And Statutory Auditors Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

SWANSEA WOMENS AID

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

Page
Report of the Trustees to5
Report of the Independent Auditors 6
to 8
Statement of Financial Activities 9
Balance Sheet 10
Cash Flow Statement 11
Noles to the Cash Flow Statement 12
Notes to the Financial Statements 13
to24
Detailed Statement of Financial Activities 25

SWANSEA WOMENS AID

REPORT OF THE TRUSTEES FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 April 2023 to 30 March 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).

OBJECTS AND ACTIVITIES

The objects are as follows:

a) the relief of women and their children who have suffered or are experiencing violence against women, domestic abuse and sexual violence by the provision of temporary accommodation and/or support;

b) to educate and inform the public, the media, the police, the courts, social services and other authorities with respect to violence against women, domestic abuse and sexual violence, in all its forms, against women and children.

Strategic Aim

To provide cost effective, high quality services that best address the immediate and longer term needs of women and children, enabling them to move forward positively and build successful independent lives.

Swansea Women's Aid Key Priorities for 2023-24

The priorities and progress made are outlined below:

Priority 1: Women and children to be able to access specialist high quality provision that is appropriate for their needs at the time they need it.

This requires strong management and highly motivated staff and volunteers. Progress made is outlined below:

Recruitment and Appointment to the Trustee Board

As set out in the SWA Articles of Association, trustees can join the Board during the year but are confirmed as trustees after successful completion of an initial six- month probationary period. Trustees can serve terms of either one year, two years or three years.

There is an active recruitment process for trustees in recognition of the need to ensure there is an effective mix of skills on the Board. When recruiting members, the Board has regard for the need for a range of specialist skills and knowledge to ensure that it can operate effectively and fulfil its legal, strategic and operational responsibilities, such as fundraising/funding, HR, specialism relating to violence against women, domestic abuse and sexual violence (VAWDASV), health and safety etc.

Trustee Board members' induction and training

New members of the Trustee Board undergo an orientation to brief them on their legal obligations, the content of the constitution, the Board and decision making processes, the functioning and structure of the services, the business plan and recent financial performance. During induction, they visit each project to familiarise themselves with the services of SWA. The Trustee Board is encouraged to participate in internal and external training events that will further their skills and knowledge in undertaking their roles.

Organisational structure

SWA operates as a hierarchy and the responsibility for the day-to-day management of the organisation is delegated to the Chief Executive, whilst the Trustee Board meets on a bi-monthly basis and is responsible for strategic direction and policy.

The Chief Executive ensures that the organisation delivers quality services that are effectively managed and reviewed and evaluated by service users. This includes the supervision of staff and also ensuring that all staff - paid and unpaid­ continue to develop their skills and working practices in line with best practice and have access to support, activities and clinical supervision to maximise their wellbeing.

All members of the Trustee Board and staff aim to keep up to date on all social and legislative practices, policies and procedures and the organisation works to a strict set of operational procedures which follow good practice and meet key stakeholders' requirements.

Page 1

SWANSEA WOMENS AID

REPORT OF THE TRUSTEES FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

OBJECTIVES AND ACTIVITIES

Swansea Women's Aid Services

SWA offers specialist violence against women, domestic abuse and sexual violence (VAWDASV) services and operates within a quality framework, providing a strengths-based, needs-led, trauma informed and gender-responsive model of intervention that supports survivors and their children to build resilience, and leads towards independence and freedom

Support is offered over the phone and via face-to-face appointments and specialist group work at our central office and the Swansea Domestic Abuse One Stop Shop. Children's services offer face-to-face support sessions and specialist preventative interventions in school and college settings. Hybrid working has continued across the organisation in recognition of the benefits it offered.

In partnership with Welsh Women's Aid (WWA) and Thrive Women's Aid, we delivered the 'Ask Me' scheme that is part of Change That Lasts which is a prevention and early intervention model developed by Women's Aid Federation England in partnership with Welsh Women's Aid and survivors.

Current services are as follows:

Service User Review and Evaluation of Services

This is key to ensuring that services meet the needs of the women, children and young people accessing them. Service user evaluation is encouraged at all levels and forms an inherent part of service reviews with changes being made as a result.

Outcomes attainment

Across all services, support outcomes attainment is excellent and meets or exceeds stakeholders' expectations. Staff and the women we support work together to achieve collective outcomes.

Raising Awareness ofVAWDASV Issues

SWA provides bespoke training to statutory and voluntary agencies on VAWDASV. In addition, we have responded to press enquiries and have undertaken a range of face-to-face and virtual presentations to raise awareness of our services and VAWDASV issues in general.

Priority 2: To increase the sustainability of the organisation

Risk management

The Trustee Board has a duty to identify and review the risks to which the organisation is exposed and to ensure that appropriate controls are in place to provide reasonable assurance against fraud, error and threats to business sustainability or the provision of services.

The SWA Organisational Risk Assessment Action Plan is regularly reviewed throughout the year to ensure the organisation continues to meet its legislative requirements and remains financially viable.

Page 2

SWANSEA WOMENS AID

REPORT OF THE TRUSTEES FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

All significant new initiatives, major commitments and investment projects are subject to formal authorisation by the Board.

Diversification of funding base

There has been an increased focus on funding applications this year to widen the funding base of the organisation in order to lessen the impact of possible future funding cuts from statutory sources and build on capacity.

A Business Development Manager has been employed to raise unrestricted funding via donations, corporate sponsorship and community fundraising activities.

SWA's registration as a charity with the Charities Commission in 2023 has opened up trust funding opportunities that were previously not available to SWA as a society.

Quality Assurance

SWA has an internal Quality Assurance framework that guarantees that service delivery meets the required standards and stakeholder monitoring requirements are met.

We hold the Welsh Women's Aid National Quality Service Standard (NOSS) award that demonstrate excellence in specialist VAWDASV service delivery, management and governance.

In addition, we hold the 'Achieving' Level of the FairPlay Employer Award for Gender Equality via the Agile Nation 2 project at Chwarae Teg.

SWA is also a Disability Confident Committed employer.

Seren Mor Network

SWA continues to be a member of the Seren M6r Network. Other consortium members are:

BAWSO New Pathways Stori Thrive Women's Aid

The main aim and purpose of the network is to strengthen, sustain, develop and protect VAWDASV services across the Western Bay region

The network is keen to work closely with other key partners to ensure that it is supporting priority aims and objectives, providing services that meet the needs of those facing VAWDASV issues across the Swansea Bay region and delivering the highest quality of services.

Partnership working

This continues to be key when looking at the way forward, given the national focus on regionalisation and the drive for collaborative working. SWA is a member of Welsh Women's Aid and part of the wider network of specialist VAWDASV providers in Wales and the UK. As such, it is essential that work is undertaken to expand the links with other agencies and look at collaborative opportunities.

In the next year, SWA will continue to look for potential partners to build its capacity and enhance organisational sustainability.

ACHIEVEMENTS AND PERFORMANCE

Example statistics achieved during the year are as follows:

Project Number of Women/GYP
supported
Refuge & safe houses 97
DAISE 526
Supplementary services 13
Freedom Prog, Recovery Toolkit & Own My Life 67
CHYPS-1:1/group work 148
CHYPS - healthy relationship workshops 194
CHYPS - parenting workshops 28
Forest School 29
SWAN 151
Helpline 1101

Achievements during the year are as follows:

Page 3

SWANSEA WOMENS AID

REPORT OF THE TRUSTEES FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

FINANCIAL REVIEW

Financial position

The organisation achieved a surplus of £18,434 this year (2023: surplus of £60,030) and total net assets stand at £641,626 (2023: £623,192).

Reserves

As at 31st March 2024 the unrestricted free reserves were £449,684. The majority of the organisation's income is grant funded and it is recognised that there is a need to build up reserves should this be reduced, in order to continue services until alternative sources of incomes are secured. The reserves policy of SWA states that the organisation is to establish reserves at the equivalent of three months running costs.

Principal Funding Sources

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Swansea Women's Aid (SWA) is a company limited by guarantee and registered as a charity with the Charities Commission.

SWA is governed by its Articles of Association and reports annually to Companies House and the Charities Commission. In the event of the organisation winding up, its members are required to contribute an amount not exceeding £1.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

14521351 (England and Wales)

Registered Charity number

1202082

Registered office

PO Box 363 Swansea SA12YG

Trustees

Clare Tregoning Chair Avril Llewellyn Treasurer Susan Geary Resigned 31st December 2023 Heather Cooper Ann Collins Lynne Isaac Sarah Jones

Auditors

Bevan Buckland LLP Chartered Accountants And Statutory Auditors Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA? 9LA

Page 4

SWANSEA WOMENS AID

REPORT OF THE TRUSTEES FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Swansea Womens Aid for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Bevan Buckland LLP, has expressed its willingnrs to continue in that capacity. Approved by order of the board of trustees on ........ ?::W.\9 .. \'?-::[� ] .... and signed on its behalf by;

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SWANSEA WOMENS AID

Opinion

We have audited the financial statements of Swansea Womens Aid (the 'charitable company') for the period ended 30 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FR C's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SWANSEA WOMENS AID

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error, and then, design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

We discussed our audit independence complying with the Revised Ethical Standard 2019 with the engagement team members whilst planning the audit and continually monitored our independence throughout the process.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

Enquiring of management, including obtaining and reviewing supporting documentation, concerning the Charity's policies and procedures relating to:

Audit response to risks identified

In addition to the above, our procedures to respond to risks identified included the following:

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at w .frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SWANSEA WOMENS AID

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Llinos Williams (Senior Statutory Auditor) for and on behalf of Bevan Buckland LLP Chartered Accountants And Statutory Auditors Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA? 9LA

Date: 05/11/2024

Page 8

SWANSEA WOMENS AID

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

Period
1.4.23
to Year Ended
30.3.24 31.3.23
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 18,433 18,433 13,392
Charitable activities 5
Charitable Activities 6,821 923,711 930,532 967,207
Rents Received 219,637 219,637 205,036
Investment income 4 4,643 4,643 766
Other income 1,674 1,674 1,476
Total 251,208 923,711 1,174,919 1,187,877
EXPENDITURE ON
Charitable activities 6
Charitable Activities 256,814 899,671 1,156,485 1,127,847
NET INCOME/(EXPENDITURE) (5,606) 24,040 18,434 60,030
Transfers between funds 16 6,722 (6,722)
Net movement in funds 1,116 17,318 18,434 60,030
RECONCILIATION OF FUNDS
Total funds brought forward 448,568 174,624 623,192 563,162
TOTAL FUNDS CARRIED FORWARD 449,684 191,942 641,626 623,192

The notes form part of these financial statements

Page 9

SWANSEA WOMENS AID

BALANCE SHEET 30 MARCH 2024

FIXED ASSETS
Tangible assets
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
NET CURRENT ASSETS
Notes
12
13
14
15
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
Unrestricted funds
Restricted funds
TOTAL FUNDS
16		 Unrestricted
funds
7,678
150
39,743
459,613
499,506
(57,500)
442,006
449,684
449,684		 Restricted
funds
191,942
191,942
191,942
191,942
191,942		 2024
Total
funds
7,678
150
39,743
651,555
691,448
(57,500)
633,948
641,626
641,626
449,684
191,942
641,626		 2023
Total
funds
13,681
150
26,710
664,942
691,802
(82,291)
609,511
623,192
623,192
448,568
174,624
623,192

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The were Board of Trustees and authorised for issue on ......... 2,'i?;·\d:J· \;).:t\" fina,cial r[atements ] · and were signed on ,ts behalf by: approved . by the

-�P ... Tru�t��·······u···o

The notes form part of these financial statements

Page 10

SWANSEA WOMENS AID

CASH FLOW STATEMENT FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

Cash flows from operating activities
Cash generated from operations
Notes
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fxed assets
Interest received
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in
the reporing period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 Period
1.4.23
to
30.3.24
£
(18,030)
(18,030)
4,643
4,643
(13,387)
664,942
651,555
Year Ended
31.3.23
83,245
83,245
(1,213)
766
(447)
82,798
582,144
664,942

The notes form part of these financial statements

Page 11

SWANSEA WOMENS AID

NOTES TO THE CASH FLOW STATEMENT FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

1. RECONCILIATION OF NET INCOME TO NET CASH F LOW FROM OPERATI NG ACTIVITIES
Period
1.4.23
to Year Ended
30.3.24 31.3.23
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 18,434 60,030
Adjustments for:
Depreciation charges 6,003 12,070
Interest received (4,643) (766)
(Increase )/decrease in debtors (13,033) 4,810
(Decrease)/increase in creditors (24,791) 7,101
Net cash (used in)/provided by operations (18,030) 83,245
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.23 Cash flow At 30.3.24
£ £ £
Net cash
Cash at bank and in hand 664,942 (13,387) 651,555
664,942 (13,387) 651,555
Total 664,942 (13,387) 651,555

The notes form part of these financial statements

Page 12

SWANSEA WOMENS AID

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Rental income is recognised in the period in which it relates to.

Donations are recognised when the Charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

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.

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 25% Motor vehicles 25% Computer equipment 25%

Cost comprises the purchase price of the asset and expenditure directly attributable to the acquisition of the item.

A fixed asset is derecognised upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the income statement.

Impairment of fixed assets

The charity performs impairment testing where there are any indicators of impairment. Impairment is calculated as the difference between the carrying value and the recoverable value of the asset. Recoverable value is the higher of net realisable value and estimated value in use at the date the impairment loss is recognised. Value in use represents the present value of expected future discounted cash flows. If incurred, impairment is recognised immediately in the income statement.

Where an impairment loss subsequently reverses, the carrying value of the asset is increased to the revised estimate of the recoverable amount, but so that the increased carrying value does not exceed the carrying value that would have been determined if no impairment loss had been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately as a credit to the income statement.

continued ...

Page 13

SWANSEA WOMENS AID

NOTES TO THE FINANCIAL STATEMENTS • continued FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

1. ACCOUNTING POLICIES· continued

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

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

Creditors and provisions

Creditors and provisions 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 and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes falling in future periods.

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.

Operating leases

Rentals paid under operating leases are charged to the SOFA on a straight line basis over the period of the lease.

2. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results in the future may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected.

Pension scheme assets are measured at fair value and liabilities are measured on an actuarial basis using the projected unit method and discounted at a rate equivalent to the current rate of return on a high quality corporate bond of equivalent currency and term to the scheme liabilities. The actuarial valuations are obtained at least triennially and are updated at each balance sheet date. The resulting defined benefit asset or liability, net of the related deferred tax, is presented separately after other net assets on the face of the balance sheet.

Estimation Uncertainty

The charity makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. Management consider their to be no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

continued ...

Page 14

SWANSEA WOMENS AID

NOTES TO THE FINANCIAL STATEMENTS • continued FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

3. DONATIONS AND LEGACIES

Donations
4.
INVESTMENT INCOME
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Rent Received
Charitable Activities
Rents Received
Grants received, included in the above, are as follows		 Period
1.4.23
to
30.3.24
£
18,433
Period
1.4.23
to
30.3.24
£
4,643
Period
1.4.23
to
30.3.24
£
930,532
219,637
1,150,169
Year Ended
31.3.23
£
13,392
Year Ended
31.3.23
£
766
--
Year Ended
31.3.23
£
967,207
205,036
1,172,243
Children in Need
National Lottery Community Fund
Welsh Women's Aid
South Wales Police and Crime Commissioner
Smallwood Trust
City & County of Swansea
WCVA
Henry Smith Charity
Austin Bailey Grant
Swansea Bay University
Swansea Council for Voluntary Services
Waterloo Foundation
National Grid
Moondance
Enabling Communities		 2024
£
38,490
166,346
68,570
84,897
413,258
24,936
59,200
1,480
25,000
9,448
33,377
5,530
930,532		 2023
£
26,498
167,671
77,125
95,968
9,000
479,110
63,169
30,000
1,500
12,166
5,000
967,207

Page 15

continued ...

SWANSEA WOMENS AID

NOTES TO THE FINANCIAL STATEMENTS • continued FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

6. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
Support
Direct costs(see
Costs note 7) Totals
£ £ £
Charitable Activities 1,050,670 105,815 1,156,485
SUPPORT COSTS
2024 2023
£ £
Office expenses 56,969 45,922
Governance 3,392 4,690
Insurance 5,030 6,534
Consultancy 15,492 2,534
Recruitment 1,515 3,355
SupeNision and training 13,590 25,005
Trustee expenditure 57 901
96,045 88,941

7. SUPPORT COSTS

8. NET INCOME/(EXPENDITURE)

Net income/[(] expenditure[) ] is stated after charging/[(] creditin[g)] :

Net income/(expenditure)is stated after charging/(crediti ng):
Period
1.4.23
to Year Ended
30.3.24 31.3.23
£ £
Auditors' remuneration 9,770 5,233
Depreciation - owned assets 6,003 12,070

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 30 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the period ended 30 March 2024 nor for the year ended 31 March 2023.

10. STAFF COSTS

STAFF COSTS
Period
1.4.23
to Year Ended
30.3.24 31.3.23
£ £
Wages and salaries 823,174 804,831
Otherpension costs 7,488 8,024
830,662 812,855

Page 16

continued ...

SWANSEA WOMENS AID

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

10. STAFF COSTS - continued

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

Period
1.4.23
to Year Ended
30.3.24 31.3.23
Senior management team
Other staf		 2
34		 3
32
36 35

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

During the year salaries of £84,497 (2023: £109,581) were paid to key management.

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Restricted Total
funds funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 13,392 13,392
Charitable activities
Charitable Activities 967,207 967,207
Rents Received 205,036 205,036
Investment income 766 766
Other income 1,476 1,476
Total 220,670 967,207 1,187,877
EXPENDITURE ON
Charitable activities
Charitable Activities 211,872 915,975 1,127,847
NET INCOME 8,798 51,232 60,030
Transfers between funds 16,225 (16,225)
Net movement in funds 25,023 35,007 60,030
RECONCILIATION OF FUNDS
Total funds brought forward 423,545 139,617 563,162
TOTAL FUNDS CARRIED FORWARD 448,568 174,624 623,192

Page 17

continued ...

SWANSEA WOMENS AID

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

12. TANGIBLE FIXED ASSETS

12. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 April 2023 and 30 March 2024 11,693 6,900 57,972 76,565
DEPRECIATION
At 1 April 2023 7,234 6,900 48,750 62,884
Charge for year 2,229 3,774 6,003
At 30 March 2024 9,463 6,900 52,524 68,887
NET BOOK VALUE
At 30 March 2024 2,230 5,448 7,678
At 31 March 2023 4,459 9,222 13,681
13. STOCKS
2024 2023
£ £
Stocks 150 150
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 10,816 11,414
Other debtors 24,147 10,955
Prepayments 4,780 4,341
39,743 26,710
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 8,337 10,723
Social security and other taxes 1,812 14,584
Other creditors 14,066 19,690
Accruals and deferred income 33,285 37,294
57,500 82,291

Page 18

continued ...

SWANSEA WOMENS AID

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

16. MOVEMENT IN FUNDS

At 1.4.23
£
Unrestricted funds
General fund
83,980
Designated Fund -Capital Assets
13,681
Designated - Contingency for short term
funding shorfalls
209,128
Designated -S taff Redudancy Reserve
84,779
Designated - Ofice Relocation
57,000
448,568
Restricted funds
Suppored Housing Project
105
Daise Family Support Project
40,512
CHYPS
11,803
CHYPS Children in Need
CHYPS PCC
CHYPS Moondance
CHYPS CADA
YOM
1,983
Forest School
1,686
SWAN
34,818
SWAN PCC
SWAN Henry Smith
SWAN PCC SVA
SWANWCVA
SWAN Needs Base
SWAN Waterloo
SSC HSG
Austin Bailey
SWANWCA
Grants for Women
5,013
Ask Me
10,757
Daise HSG
1,375
Daise Plus
6,208
DASEWWA TT
DASE HSGsec
DASE Moondance
DASE Foodsec
Community Foundation Wales Grant
3,045
COVID-19 Grants
38,575
Period Poverty
1,193
Wellbeing Grant
305
SH4 Grant
234
WCVABDM
17,012
National Grid
Co Pro Enabling
MARACsec
174,624
TOTAL FUNDS
623,192		 Net
movement
in funds
£
(5,606)
(5,606)
(2,102)
(8,273)
9,209
(416)
(1,418)
(5)
(275)
(1,050)
5,097
3,204
2,122
281
2,558
6,907
(1,153)
4,425
(60)
(5,515)
637
2,486
24,165
1,258
(5,115)
(1,327)
(300)
(16,734)
3,803
1,383
248
24,040
18,434		 Transfers
between
At
funds
30.3.24
£
£
13,301
91,675
(6,003)
7,678
209,128
(576)
84,203
57,000
6,722
449,684
1,997
32,239
(11,803)
2,255
11.464
416
7,098
5,680
5
1,708
636
(34,818)
(5,097)
14,180
17,384
(2,122)
11,755
12,036
2,558
395
7,302
7,383
7,383
1,500
347
4,425
4,953
5,242
2,012
(6,208)
5,508
5,508
700
3,186
24,165
1,258
3,045
33,460
134
5
234
278
3,803
1,383
248
(6,722)
191,942
641,626

Page 19

continued ..

SWANSEA WOMENS AID

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

16. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Supported Housing Project
Daise Family Support Project
CHYPS Children in Need
CHYPS PCC
CHYPS Moondance
CHYPS CADA
YOM
Forest School
SWAN PCC
SWAN Henry Smith
SWAN PCC ISVA
SWANWCVA
SWAN Needs Base
SWAN Waterloo
Austin Bailey
SWANWCA
Grants for Women
Ask Me
Daise HSG
DAISE HSGsec
DAISE Moondance
DAISE Foodsec
COVID-19 Grants
Period Poverty
Wellbeing Grant
WCVABDM
National Grid
Co Pro Enabling
MARACsec
TOTAL FUNDS		 Incoming
resources
£
251,208
276,259
166,346
35,988
32,140
46,583
2,502
19,627
59,200
33,130
24,936
37,868
25,000
1,480
4,800
16,667
33,915
33,915
33,377
1,500
9,448
4,030
25,000
923,711
1,174,919		 Resources
expended
£
(256,814)
(278,361)
(174,619)
(26,779)
(32,556)
(1,418)
(46,588)
(275)
(3,552)
(14,530)
(55,996)
(31,008)
(24,655)
(35,310)
(18,093)
(2,633)
(375)
(60)
(22,182)
(33,278)
(31,429)
(9,212)
(242)
(5,115)
(1,327)
(300)
(16,734)
(5,645)
(2,647)
(24,752)
(899,671)
(1,156,485)		 Movement
in funds
£
(5,606)
(2,102)
(8,273)
9,209
(416)
(1,418)
(5)
(275)
(1,050)
5,097
3,204
2,122
281
2,558
6,907
(1,153)
4,425
(60)
(5,515)
637
2,486
24,165
1,258
(5,115)
(1,327)
(300)
(16,734)
3,803
1,383
248
24,040
18,434

Page 20

continued ..

SWANSEA WOMENS AID

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

16. MOVEMENT IN FUNDS • continued

Comparatives for movement in funds

At 1.4.22
£
Unrestricted funds
General fund
43,002
Designated Fund - Capital Assets
24,538
Designated - Contingency for short term
funding shortfalls
225,000
Designated - Staff Redudancy Reserve
74,005
Designated - Office Relocation
57,000
423,545
Restricted funds
Supported Housing Project
3,402
MARAC Project
Daise Family Support Project
29,707
CHYPS
9,174
YOM
2,337
Forest School
5,555
SWAN
30,000
Grants for Women
2,179
Ask Me
1,603
Daise HSG
1,331
Daise Plus
6,601
Community Foundation Wales Grant
4,038
COVID-19 Grants
43,690
Period Poverty
Wellbeing Grant
SH4 Grant
_COVID_HSG
WCVABDM
139,617
TOTAL FUNDS
563,162		 Net
movement
in funds
£
8,798
8,798
(3,297)
(722)
10,805
2,629
(354)
(3,869)
21,818
2,834
9,154
44
(393)
(993)
(5,115)
1,193
305
234
(53)
17,012
51,232
60,030		 Transfers
between
At
funds
31.3.23
£
32,180
83,980
(10,857)
13,681
(15,872)
209,128
10,774
84,779
57,000
16,225
448,568
105
722
40,512
11,803
1,983
1,686
(17,000)
34,818
5,013
10,757
1,375
6,208
3,045
38,575
1,193
305
234
53
17,012
(16,225)
174,624
623,192

Page 21

continued ...

SWANSEA WOMENS AID

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

16. MOVEMENT IN FUNDS - continued

Comparative net movement in funds ) included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 220.670 (211,872) 8,798
Restricted funds
Supported Housing Project 276,259 (279,556) (3,297)
MARAC Project 23,000 (23,722) (722)
Daise Family Support Project 167,671 (156,866) 10,805
CHYPS 76,461 (73,832) 2,629
YOM
Forest School
SWAN
Grants for Women		 168,872
9,000		 (354)
(3,869)
(147,054)
(6,166)		 (354)
(3,869)
21,818
2,834
Ask Me 26,099 (16,945) 9,154
Daise HSG 34,305 (34,261) 44
Daise Plus
Community Foundation Wales Grant
COVID-19 Grants
Period Poverty		 112,619
2,522		 (113,012)
(993)
(5,115)
(1,329)		 (393)
(993)
(5,115)
1,193
Wellbeing Grant 5,000 (4,695) 305
SH4 Grant 4,580 (4,346) 234
COVID HSG
WCVABDM		 10,819
50,000		 (10,872)
(32,988)		 (53)
17,012
967,207 (915,975) 51,232
TOTAL FUNDS 1,187,877 (1,127,847) 60,030

Designated Funds

Designated funds are set up by the trustees to meet the organisations plans for the future

Capital Assets

This fund re[p] resents the balance held b[y ] the charit[y] .

Contingency for short term funding shortfalls

This re[p] resents funds set aside to ensure the charity can meet future funding shortfalls and ensure services are preserved,

Staff redundancy reserve

This re[p] resents funds set aside to meet any future estimated redundancy costs of the charity.

Office relocation

This fund re[p] resents funding set aside to cover ex[p] ected costs of the future relocation of the charity.

Restricted Funds

Supported Housing Project

Fundin[g ] received in the year from Swansea Council for the sup[p] ort provision within SWA accommodation.

MARAC Project

Funding received in the year from Swansea Council for a MARAC Coordinator

Daise Family Support Project

Funding received in the year from The National Lotter[y ] Communit[y ] Fund for adult, children and youn[g ] peo[p] le's community services across Swansea.

CHYPS

Therapist. Home Office for Community VAWDASV Specialists (GYP/Families), a Play and Activities Worker and a Play Funding received in the year from BBC Children in Need, South Wales Police and Crime Commissioner and the

Page 22

continued ..

SWANSEA WOMENS AID

NOTES TO THE FINANCIAL STATEMENTS • continued FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

16. MOVEMENT IN FUNDS· continued

YOM

Funding received in the previous year for Your Opinion Matters group to enable survivor voices.

Forest School

Funding received in the year from BBC Children in Need for a Forest School Worker.

SWAN

Funding received in the year from The Henry Smith Charity, WCVA and Swansea Council for SWAN Support Workers. Also, funding received in the year from the South Wales Police and Crime Commissioner for an Independent Sexual Violence Advisor and WCVA and the Waterloo Foundation for a Volunteer Coordinator.

Grants for Women

Funding received in the year from the Smallwood Trust for grants for service users to address their needs.

Ask Me

Funding received in the year from Swansea Council for an Ask Me Coordinator.

Daise HSG

Funding received in the year from Swansea Council for 2 Community VAWDASV Specialists (Adults).

Community Foundation Wales Grant

Funding received in the previous year from Community Foundation Wales for community-based wellbeing activities.

COVID-19 Grants

Funding received in the previous year for staff and equipment necessary to meet COVID-19 requirements and provide additional operational capacity.

Period poverty

Funding received in the year from Swansea Council for plastic-free[p] eriod products for service users.

Wellbeing Grant

Funding received in the[y] ear from the Regional Health, Social Care and Wellbeing Small Grant Scheme for wellbeing activities.

SH4 Grant

Funding received in previous year from Welsh Government for furnishing of SWA accommodation.

WCVA BDM

Funding received in the year from the WCVA towards a new Business Development Manager.

National Grid

Funding received in the year from National Grid to provide warm[p] acks to families ex[p] eriencin[g ] financial difficulties.

DAISE Moondance

Fundin[g ] received in the year for 1 Community VAWDASV Specialist[(] Adults[)] .

DAISE Food sec

Funding received in the year to provide food parcels for families in need of food.

Co Pro Enabling Communities

Funding received in the year for delivery of co-[p] roduced enablement activities in the communit[y ] and training for co-production volunteers.

Austin Bailey

Funding received in the year to provide mobile phones to women accessing the SWAN outreach service.

SWAN Welsh Church Acts(WCA) Fund

Funding received in the year for mobiles phones for women accessin[g ] the SWAN[p] ro[j] ect.

Transfers between funds

During the[y] ear, the following fund transfers were made

continued ..

Pa[g] e 23

SWANSEA WOMENS AID

NOTES TO THE FINANCIAL STATEMENTS • continued FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

16. MOVEMENT IN FUNDS • continued

Transfers between funds - continued

Designated fund: Capital Assets - £6,003 was transferred to general fund to cover the depreciation charge in the year, less the cost of additions.


year, less the cost of additio
ns.
At the end of the previous year, there were unused fund balances for CHYPS, SWAN and Daise Plus. The
Charity decided to split these funds between similar projects and the following transfers were made:
CHYPS £11,803
CHYPS Children in Need (£2,255)
CHYPS PCC (£2,450)
CHYPS Moondance (£7,098)
SWAN £34,818
SWAN Henry Smith (£14,180)
SWANWCVA (£11,755)
SSC HSG (£7,383)
Austin Bailey (£1,500)
Daise Plus £6,208
DAISEWWA TT (£5,508)
DAISE HSGsec (£700)

It has been agreed by the South Wales Police and Crime Commissioner's Office that the remaining balances of funding at the year-end can be put towards the general purposes of the organisation's charitable objects.

In the year £395 was transferred from general fund to SWAN Waterloo to cover a small underspend.

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the period ended 30 March 2024.

Page 24

SWANSEA WOMENS AID

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Investment income
Deposit account interest
Charitable activities
Grants
Rent Received
Other income
Other income
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Travel Costs
On Call Expenditure
Scheme Acivities
Telephone
Repairs & Renewals
Facilities Housing
Sundr expenses
Depn of fixtures and fittings
Motor vehicles
Computer equipment
Support costs
Support costs
Auditors' remuneration
Ofice expenses
Insurance
Governance
Consultancy
Recruitment
Supervision and training
Trustee expenditure
Total resources expended
Net income
Period
1.4.23
30.3.24
£
18,433
4,643
930,532
219,637
1,150,169
1,674
1,174,919
823,174
7,488
9,463
43,808
22,124
27,267
101,796
9,547
2,229
3,774
1,050,670
9,770
56,969
5,030
3,392
15,492
1,515
13,590
57
105,815
1,156,485
18,434
to
31.3.23
£
Year En
13,392
766
967,207
205,036
1,172,243
1,476
1,187,877
804,831
8,024
7,209
45,404
18,918
30,941
99,887
6,391
2,229
1,725
8,116
1,033,675
5,233
45,920
6,534
4,690
2,534
3,355
25,005
901
94,172
1,127,847
60,Q30
ded

This page does not form part of the statutory financial statements

Page 25