REGISTERED COMPANY NUMBER-. 14521351 (England and Walès REQISTERED CHARITY NUMBER.. 1202082 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR SWANSEA WOMEN'S AID Bevan Buckland LLP (Statutory AudSlor51 Ground Floor Cardigan Hous8 Ca511e Court Sw8n88a Entèrpfise Park Swansea SA7 9L4 SWANSEA WOMEN'S AID CONTENTS OF THE FINANCIAL STATEMENTS FOR THE Y&4R ENDED 31 MARCH 2025 Page Report of tho Trusle05 Roport of th8 Ind8pend8nt Audltors statement ol Flnanclal Actlvltles Balance Sheot 10 Cash Flow Statsm8nt 11 Note8 to thè Cash Flow Statémant 12 Notes to the Flnanclal Statements 13 10 28 Detslled Statemènt of Flnanclal Actlvltl68 29 SWANSEA WOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees bvho are also dlr8clor8 Of th8 tha￿ty for the purposes of the Compani8s Act 2006. present Ihdr ￿port wth the financial staleTn8n18 of the charity for the year endad 31 March 2025. Th& trusl&És have adopted the provisions of Accounting and Reportlng by Charitie5.' Stalament of Recommended Pradi¢e applicable lo charities preparing th8ir accounts In acGord8nce wlh th8 Financial R8portlng Standard 8pplicHble in the UK and R8puNic of Ireland IFAS 1021 l•ffe¢tive 1 January 20191. Th8 objectives are as follows.. al the relief of womgn and their ¢hlldren who have 5uffer8d or are exporien¢lng ￿Olence against wom8n, domestic abuse and sexual violence by the provision of t8mporary acComm￿ation andlor support.. bl lo educate and inform the public, the mÈdia. the polio, the courts, social serwices and olf*r authoritie5 respect to violence against womgn, domesOc abuse and s8xual violen¢&, in all ils forms. agaln5tWQm8n and childran. Slrato ic Alm8 To provide c051 effective, hlgh Quality serw¢es that best address th8 imm8diato and longer terrn need5 of women and children, enabling them to move folward p0511iv8ly and build Successful Independent Ilves. To maximi5e the sustainabillty of SVVA through prudent govem8nca, div8rsificaUon of In¢Dme st￿arn$ and effective appraisal of the opumum Wdy forward whilst recognising and valulng our WOfktQfce- staff and volunteers. Swansea Women'8 A Prforfll85 for 2024-25 The priorities and progr8ss made a￿ ouuined below.. Prlorlty 1.. Women ¢hildr•n to bo able to accos8 SP8clallst hl#h qu•llty provis5on that is approprfBts for thglr n88d5 at the tlme they need It. Thls requir88 strong management and highly motivated 8taff and voluntaers. Progress mad& is ouuined below.. Recrultmonl and Appolntment to the Trustee 8oaril As sel out In the SWA Artitle5 of Association, trustees can join Ihe Board during the year but are confirmed a8 trus¢e&s after $u¢¢e$sful oompletK)n of an initial slx- monlh probationary period. Trustee5 can seN8 18rms of elU)8r one year, two years or three year5. There Is an a¢tlvg recwitmont proc855 for trust88s In re¢ounllon of the ￿ed to 8n$ur8 th&r8 15 an 8ff8cIv8 rnlx of 8kllls on th& 8oard. When recruiting m8mb8rs, thg Board ha5 regard for the ne8d for a range of spe¢iali$l S￿115 and knowledge to 8nsure that il can operat? effe¢lively and fulfil it8 legal, strategic and operatk*nal ￿Sponsibl1[11•$, such as fundraisirylfunding, HR. 5pecia1ism relating lo %4018nce against women. domestic abuse and sexu81 viol8n¢e IVAWDASVI, health and saf8ty 8tc. Tru$t¢¢ Boartl mernbor8' Inductlon and tralnlng New m8mb8rs of the Trustee Board undergo an or18ntstson to brlef Ihetn on their 18gal obligations, the cont8nl of tho consJtution, the Board and decision making pro¢e5ses. the functioning and structure of the $ervi¢e$. the business plan and recent financial perforn)an¢e, During induction, they visit each prol8cl to famlliarlse Ihemsdves ￿th the 5ervic8s of SWA. Th8 Trustee Board is en¢ouraged to participate in intemal an¢J external training events that will further their skills and knowedge in undertaklng thar ro18S. Qr9anisatioTral structure SWA opeffjtes as a hierarchy and the r8sponsibillty for Ihe do￿t￿daY management of the organisalion is é8legat¢d lo the Chief Executiv8, whilst the Trustee Board rnee15 on a bi-monthly basi8 and 1$ re$pon$SL)le for strategic direction and policy. The Chief Executive ensur88 that the organlsalion delivers qU81ity services that are effeclfvely managed reviewed and evaluated by servlce users. This include5 the supervision of $tsff and 85$0 &nsurlng that Hll stsff - paid and unpaid- continue lo develop their skills and working wacti¢e$ in line wth best practice and have acce88 lo $upport, a¢tivitles and ¢llnl¢al supeM5ion to Ma￿mI58 thelr wellbelng. I members of the Trustee Board and staff aim lo keep up to dat8 ￿ all social and 18gislats"v8 prac￿¢88, pollclos and procedures the organisation work8 to a $lri¢t set of operational proc8dur8s which fdlow good practice and meet key stakeholders, requirements. Page 1 SWANSEAWOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ÈNDED 31 MARCH 2025 OBJECTIVES AND ACTIVITIES Swan56a Women's Ald Servlces SWA offers specialist violÈntÈ against women. domestic abuse and Sexual vlolenre IVAWDASVI Servi￿S and operates wthin a quality fratnework. providing a 51rengths-based, needs-led, trauma infomied and gender-respon*ve model of intervention in line wryth the Change That Lasts 8pproach to build r8sili8nc8 and support long 18rm fr&edom from abuse for survivors of dom8slic 8bus&. Supportls offered over the phone and wa fzce-to-face appointments and speaalist group work at our cenlrEI orrice and the Swansea Domestic Abuse One Stop Shop IOSSI. Children'8 seroices offer fat&to-fac& support S8S8ions and speciali81 prevenlalive InlÈNenllons in $Ghool and Golle9e setlings. Hybrld workin9 has Gontlnuéd across the organl$atkin In recognltlon of the benefits it offered. Currenl s8rvic8s ar8 8s follows.. Supported Houslng project- off8rs 17 units of accommodatlon- 13 bedrooms across two refug&8 and four safe houses. All of these offer women and children escaping dom851ic abuse Safe t8mporary accornmodation and can be accessed on a 2417 basi$. DAISE (Domestic Abus8. Infomiatlon, Support and Empowemientl prol8ct- offers 8UPPOrt lo women in the community al th£ir point of crisis through phone and facfrto-fac& appoinlrnenls, a5 W811 a5 drop-in sessions al the OSS. Specialist group work programm8s also d8liv8r8d, Freedom Programme, Own My Life Recovery Toolkit and Bridging the Gap, fa¢e-ttrfa¢o throughoutthg ygar. Supplementary sorvlcos- fre8 couns811ing availa￿8. CHYPS Ichlldren and Young Péople's Setvlc81- offers support to ¢hlldren and ywno people ICYPI aged 5- 25 years via face-to-face 1..1 appoinlm8nts and 8p8cia1ist group work, play therapy ard play aclivilies. Healthy relationship workshops are d8liv8r8d in schools and college$ to ralse awareness of VAWDASV and the team also offèr8 Rebuilding tho Bond workshops to pawnt survivors to provlde infomalonlsupportthat gnhance$ the healing of the parenl-Ghild relationship SWAN15upport. Wellbtrlng. AdvoGaGy. eNablemvntl prolECt- 5UPPOrtS WQTnen exploited by the sex industry on the Str88ts, In bmth8ls andlor onlln8, offerlng an evenlng othr8ach servlc8 4 nlghts a and crls181ongolng support via the dayts.me support $eM¢e. Coproductlon Centre- run by and for survlvors lo support thtsse ne￿Y ￿coverIng, providing a gr8al opportunlly for skills and confidence building in a p88r 5UPPOrted environm8nt', women can also take Part in 5trat8gic influencing with policy mak8lsls8rvi￿ planners. 24thour helplin8- offers access to 8merg8ncy accornmodalion and infomialion and support to women and chlldr$n gxpérien¢lng VAWDASV, S&rvl¢• Usèr Revlèw and Evaluatlon tsf S•ryl¢•s This is key lo ansuring that 8&ftfices meet the neads of the women. ¢hi1dren and young p&ople a¢ce$sing thèm. Servl¢e user evaluation is en¢ouraged at all Iwe15 and forrns an inherent part of 5erviGe reviews With changes being ma¢Je as a re5uII. Oulcom8$ attalnmont A¢ross all $ervices. supt)Drt DUt¢ome5 attainrnent 15 excellent and meets or exceeds stakeholders, expe￿ati￿5. Staff and the women we support work together lo achieve co118ctive outcomes. RalsSng Awar8ne88 ofVAWDASV 188UeS SWA provlde5 bespoke tiainiry to statutory and voluntary agencie5 on VAWDASV. We also respond to pre55 enquirie5 and hsve undertaken a range of face-Io-fac8 and virtual pre88ntations lo raise 8war8nes8 of our services and VAWDASV issu88 in g8n8ral. Prlorlty 2.. To Incr8a8O th• $u$lalnablllty of tho organl$atlL)n To maximi88 the sustainability of SWA through pruiY6nl governan¢¥, dlverslfl¢alon of Income stream8 and $ffe¢Uve appraisal of th8 optimum way fomard whllst re¢ognl$lno and valuing our workforce- stsff and volunteers. Rl$k management The Truste& Board has a duty to Idenfjfy and r8vl8W the rfsks lo whSch the oraanl$alon 1$ extK>S8d and to 8nsur8 that appropriate Gonlro15 are in place to provide reasona￿8 assurance against fraud, error and threats lo business SU8tsinabilily or the prow5ion of 58niic8S. The SWA OrganlsatSonal Risk Assessment A¢lion Plan Is regularfy reV￿eWed Ihroughoul the year to 9n$U￿ the organi5ation Gontinue5 to rneet its legislative requirements and remains finanaally viable. I signifi¢ant naw inltlatiyes, major comrnitments and imiestment projects are 5ubieGt to fonnal wthgrisallon by the Board. Pagg 2 SWANSEAWOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Dlverslflcatlon of fundlng b888 There has been an in¢reased f(Kus on maximlsino sourcas of unrestrfcted fundlng and fundlng applications this y8ar to iden the funding base of the organisation in order lo lessen the irnpa¢l of possible future funding cuts from slalutory sour¢o8. bulld on ¢apaclly and enhance th8 futur8 8UStainability of th8 organi5alion. SWA'S registration as a charity wlh the Charitie5 Comfflis5ion in 2023 ha5 cpengd up twst fUr￿Ing Opportuntt￿& that w8re preiryously not available to SWA 8s a souety. QualltyA8surance SWA has an inlemal Quality Assurance framework that gu4rantee$ that seM¢e delwery meets the requir8d stand8rd5 and slak8hold8r monitoring requirements ar8 met. Wa hold the Welsh WoTnen'5 Aid National Quality Serwce Standard INQSSI thal demon$tral8 gXC8118nce in 8p8cl2listVAWOASV 8erwice delivery, management and governance. In addition. we hold the 'A¢hleving' Lev&1 of the FairPlay EmpW8r Award for G8nder Equality vla the Ag118 Nation 2 project at Chwarae Teg. SWA is al$0 a Disabilty Confident Commltted employer. Slrat8glc plan SWA continu88 lo worfÉ towards achieving the prioriti88 set out in its 2024-2026 strategic vthich inGlude5 a foGu5 on diversifying funding 51reams. strengthenlng Its fundraising expgrO$e, revlew of human r880urc8 function8 to improve staff retention and career prLKJres5ion and a restructure to ensure the effeGtiv&. high quality d8llv8ry of services and Improve slèff w811b8lng. Seron Mor Nthork SWA continu88 to b8 a m8mb8r of th8 S8r8n Mar N8tsvork. Other consorburn members are". BAWSO New Pathways stori Thrive Domesti¢ Abusg Services Th8 rnain aim and purposa of th8 n8twoth is to str8nglhan, sustain, develop and proteel VAWDASV $9M￿S across thè W&slem Bay reglon Th8 network is keen trj work closély wlth other kay partners to ensure that it is supporting priorlty alm$ and oble¢Uv8$. provid1ng services that meet the n88d$ of thos8 faung VAWDASV issues across the Swansea Bay region and delwering the hlghe$t quallty ol serM¢es. Partn•r5hip worklng This ¢tsntinues lo bg key ¥thon looklng at tt)e way foN¥ard, glven tho natlonal focus on r8gion81isation and th8 driv8 for collaborative working. SWA is a mernber of Welsh Women'5 Aid and part of the wder nelwork of specialist VAWDASV prowders in Wales 8nd the UK. As such, it is essential that work is undert￿ke￿ lo eypand the Ilnks wllh other ap8ncie8 and look al ¢ollaborats"ve opportunllles. In the next yaar. SWA will continue to look for potentia1 partners to bu1￿ Its capacity and enhan¢8 ¢)rganlsattJnal 8U8talnabillty. ACHIEVEMENTS AND PERFORMANCE Women and Child￿n supported during the year are a$ follows.. Proloct Numberof Wom¢nlCYP supportod 69 501 10 Refuge & 59fe houses DAISE Suppl¥mgnlary $etvl¢es CHYPS- 1..11group work CHYPS- h8allhy relalionshlp workthop5 CHYPS- parenting WOTkshop$ Co-producticn Centre SWAN Helpllne 112 10 92 158 1096 Page 3 SWANSEAWOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 A¢hievements du￿n9 the year are as follow8.. Relocation of central offic8 lo a prirn8 city centre site that in¢orpDrate5 the co-produclK>n centre and 8nable8 SWA to d81ivor all of its communlly and Child￿n,$ servi¢es under one roof Eslablishmenl of senior managernenl team, adding capacity snd 8tr8nglh lo ourorganisational structure Ongolng $uwessful appeals ila social m8dia for 8m8rgency 8upp11ts8 of foDd. Glothing. bedding. mobile phones elc. Incr8as8d diverslflcalion of fundlng through trusts, donatlOn5, community fundraislng 8te. ontinued grow￿ of coproduction centre by survivor cfrproduclion volunteÈrs. FINANCIAL REVIEW Flnancial position The organisation achieved a Surplus of £91.202 this year12024.' surplu8 of £18,4341 and total net a$5e15 stsnd at £732.828 12024.. £641,62£1. R056rves As at 31 sl Mar¢h 2Q25 the unre5tricled free rwJerv8s wera £449,193. Th8 majority of the organisation'5 income is grant funded and 11 Is recognised that there is a need lo build up roserves should th[5 be reduced. in order to ￿ntinue s8rvic88 until a118rnaliv8 sourc&s of incomes are se¢ured. The reseNe5 policy of SWA stal&8 that the organisation is lo 8$tabllsh r88eN88 al the ￿￿1vaLent of three month5 running costs. Prlnclpal Fundlng Sour¢e$ - The City and County of Swansea - Lottery Community Fund South Wales PoliGe and Crirne Commi55ioner - The Henry Srnith Charity - Wa18rf00 Found8tion Leatt)èrs&ll8rs' Faundalion - Welsh Government VAWDASV Capits1 Grant Sch8m8 STRUCTURE, GOVERNANCE AND MANAGEMENT Govornlng document Swansea Women5 Aid ISWAI 15 8 company limited by guarantè& and ￿gIStered as a ¢harity wth the Charitie8 Cornrni55ion. SWA 1$ gov8rn8d by Ils ArtKle$ of Assoaation and r8POrts annually to Companle$ House and the Charitie5 Cornrni$sitsn. In the event of the oryani5ation wnding up, its member$ are ￿QuIred ti) ¢ontribute an amount not 8XC88ding £1. REFERENCE AND ADMINISTIIATIVE DETAILS ReglsterÈd Comparty nurnbgr 14521351 (England and Wal8$1 Regl$tered Charlty number 1202082 Reglstorod office PO Box 363 Sw8n888 SA1 2YG Tru$tè¢$ Clar8 Tr8goning Avril Llewellyn Heather Cooper Ann Collins Lynne Isaac 88rah Jones Gaorgina Cornelius Karen Hayn88 Chalr Treasurer Appointed 20th November 2024 Op￿nted 20th November 2024 Pa9e 4 SWANSEA WOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENGE AND ADMINISTRATIVE DETAILS Auditors B&vHn Buckland LLP Istalulory Audilorsl Ground Floor Cardloan Hou8e Castle Court Swans&a Enl8rpris8 Pa Swansea SA7 9LA STATEMENT OF TRUSTEES. RESPONS181LITIES The tru51ees (who are 8180 th8 dir8ctors of SNvansea Women's Aid for th8 purpo8e8 of company lawl are responsi￿? for preparing the Report of the TTus188s and the financial stgtemenls in accordance with appliGable law and Unlled Klnodom Accounting Standards (United Trfjngdom Generally Acceptad Accounting Practit81. Company law r￿uIreS the truste88 to prepare financia1 statemènts for 8ach financia1 year %Yhich glve a tru8 and fair vl8W of th8 slal8 of affairs of the charitsble Gotnpany and of th8 incomin9 re50uroes and applicat￿n of resources. inGluding the In¢om8 8nd exp8nditure, of the charita￿e company for that period. In preparfng those finanual st818rn8nts, tha tru51ee5 gre required to sele¢t 8uilable accounting policie5 and then apply them consist8nlly. observe tho mèthods and princlp18s in th8 Charity SORP.. rnakejudgetnents and estim818s that are reasonable and prudent., pr@par8 the finan￿al stst8ments cn tho going ¢onc8m basi8 unle55 it is inapproprtate to pr88ume that the ¢harftable ¢ompany Mll continue in bu5ine55. Th8 trustees are respDn5ible for keeping proper accounting records which dlscbse wth reasonable a¢wra¢y al any titnB tho nnancial p08ition of the charilaUe company and to enabl8 them lo ensure that the flnancial slalements comply with the Compani8s Act 2006. Th&y are also responsible for safeguarding the assets of the charitab18 company and hence fcr ta￿￿9 reasonablo $t8ps for the prevention and d6tectk)n of fraud other irregul8ritie5. In 60 far a$ th8 truste85 ar8 awar8'. there 15 ￿ ielevant audit infomation of which th8 charitabl8 companrfs auditors ar8 unaware.. and the trustee8 have tak&n a115teps that thay ought to have taken lo tnak8 thems8lvas aware of any relevant aud51 informal((m and to 8stablish that the auditors are awar& of that Informaticffj. AUDITORS The auditors, 88van Buckland LLP Istatutory Auditrjrsl. h88 8xpress8d 115 *illingness to ¢ontinu6 in that cap4Gty. Approved by orderofthB board of trusle8s on ....3.L.-.I.1 .-.3CJ.S.. and 8ign8d on it5 bBhall by.. C E Tregoni ru Page 5 REPORT OF THE INDEPENDENT AUDITORS TO THE NIEMBERS OF SWANS&4 WOMEN'S AID Opinion W& have audlled the financial 5tatefflent5 of Swansea Women'5 Aid (the 'charitable companVI for the year ended 31 MHrGh 2025 which Gompri5e the Slalemenl of Financi81 Acli¥ryli8S. the Balance Sheet, th8 Cash Flow Slatemenl and notes to the financial statements, including a 8ummary of signlficant accounting policies. Thè financlal repDrting frarnework that has b88n applied in IhÈir prÈparalion is app1I¢able law and United Kingdom A¢¢ounlin9 slan1j￿r￿s IUnlt8d Kingdom Generally A¢cepled Accounting Praclicel. In our OkNnion the financial stal8m&nts'. giv8 a true and fair view of the stsle of the charitable Gornpany'5 gffairs a5 at 31 March 2025 and of ils incoming re$ourc&8 and 8ppIIGalion of resources. including its income and expenditure, for th8 year then 8[￿ed,. have been properly prepared in accofd8nce with Uni18d Kingdom Gen8rally Accepted Accountlng Practice.. and have been prepar￿ in accordance wlth the ￿qUIrementS of the Companles AGI 2(KI6. Bas18 foroplnlon We con¢Jucted our audit in accordance with Internalional Standard3 on Auditing IUKI IISAs IUKII and applicabla law. Our responsibilities under thos8 standards arè fi&rther describÈd in the Auditors, responsibilities for the audit of the financial 81atem8nls s8¢tion Df Dur report. We are independent of the charitable company ITr accordance wth the ethical rÈquir8menls that are ￿le¥an1 lo our audit of the financial statements in the UK, induding the FRCS Ethical Standard, and we have fulfilled our other ethical responsibiliti88 in accordanc8 with thèse rÈqulr8mÈnl$. We b81i8V& that the audit evid8nce we have obtained 18 sufficient and appropriate ID provlde a basls for Qui opinion. Conclltslons relatlng to golng concèrn In auditing the financial slal8m8nls, w& hav8 concluded that th8 trust88s' use ol thè golng ¢on¢em baÉls of accovnting in the preparation of th8 financial $lalements is approprlate. Based on the work we have performed, we have not identified any material uncertaint188 r8latlng to 8V8nts or condlllons that. indiwdually or coll8clively, may ca81 significant doubt on the charltable companys ability lo eontlnuè as a going concern for a p￿ri￿ of al l&a$t iwelve rnonths frorn when the financial 5talement5 are ￿uthori￿ed for i55ue. Our re5pon5ibililie5 and the r8sponsibilities of the Iru8tees with r8spect to going conc8m ar8 d8scrfb8d In Ihè relevant sections of this report. Othor Informatlon The trustees are respcn5ible for the other inforrnation. The other information comprises th8 Information indud8d In the Annual Report, otherth8n th8 financial slat8m8nls and our R8PDrt of the Independent Auditor8 thereon. Our opinion on Iha financial statements dues not cover the other infomalion and, except to the extent othemse expliGilly slated in our ￿POrt. we do not 8xpres8 any fonn of assurance conclusion th8ro0n. In connection with our audit of the finanaal 5talgments. our re5POn5ibility 15 to read the other information and, in doing $0, consid8r whether the other Inforrnation is materially Inconsistent with th8 financial st81ements or our knowledg8 obtained in the audit or othe￿iSe app8ars to be materially misstsl8d. If w& Idanlify su¢h ma18rlal Intonslsl8n¢ie$ or apparent material mlsstatemenls, we are r8qulr8d to d8t8rmlne whett)er thi$ glve$ ds& to a material misststemenl in the financial slalements themselve$. If, based on the work we have performed, we conclude that there 15 a material mSsstatement of Ihls other inforrnation, w8 are required lo r8POrt that fact. W8 hav8 nolhlng to r8POrt In thi5 r8gard. Opinion$ on other matters prascrlbed by the Companles Act 2006 In our oplnion, based on the work undertaken in the course of th8 audit.. thB infortnttion given in the Report of the Trustees for the financial year for which the financial ststamenls 8r8 prepared 15 con518t8nt with the financl81 stalam8nt8,' and the Report of the Trustees ha$ been prepa￿d in awrdan¢e with appliGable leg81 requirements. Mott•rs on whlch we ar¢ rwuir8d to report by exceptlon In tha light of th8 th0￿￿dg@ and understanding of the ¢harilab5e company and 115 environrnent obtained in the course of the attdiL we have not identified material misstatefflenls in the Report of tha Tru5t885. W8 have nothing lo repori In respèct of thè follomng matters wherts the Companies Act 2006 roquir¢s us to oport lo you If, In our oplnlon.. adequate accounting records hav8 not b88n k8pI or retums ad8qual& for our audit hav8 not b88n r8C8ivod from branches not visited by us,. or th8 financial statements are not in ￿rÉÈMÈnt wth thè at¢ount1￿9 reGords and relurn5', or ¢ertaln diS¢losu￿$ of trustees, rernuneration specified by law are not made., or we have not ￿CeIVed all the infornalion and 8xplanalions we require for our audit." or th8 tmst8es wer8 not 8ntllled to lake advanlaoe of the small companies exemption from the requirement to prepare Stratégi¢ Roport 01 in prepaang Ihe Report of the Tru5tee5. Page O REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SWANSEA WOMEN'S AID Rg$ponslbllltles of trustees A8 explained more fully in the Statement ol Trustees, Responsibilitie5. the Irust88s (who are also th8 dlreclors of the tharilabk company for th8 purposès of tompany lawl are responsible for th8 pr8paratlon of the finanoal stateTnent5 and for being 5atK8fiad that they give a true and f8ir view. and for such internal tontrol as the tru51ee5 delerrnine is necessary to enab18 th8 p￿para￿On of financial 51alements that are free from material mi551alement, whol￿r du8 lo fraud or arror. In preparing financial 8tatements, the ITuslees are respon5ibl8 for a88esslng Ihe Gharilable cornpanls ability lo continue as a going COn￿r￿. disdosing, as applicable, matters related to going concern and using the going concem basis of accounllng unless th8 trust88S 8ither intend lo liquidate the charitable cornpany or to c8888 op8ralions, or have no ￿aliStiC alternalive bul lo do so. Our responsibilltl8s for thè audtt of the financial statements Our objectives are to obtain r&a8onabl8 assurance about whether the fin8rrtial statements as a whole are free fro material misstatement, whether due lo fraud or etror, and lo issue a Report of th8 Ind&pendenl Auditors that include5 our opin￿n. Ressonable assuran¢e is a high level of assuranca. bul is not a guarantee that an audit conducted in accordancè with ISA5 IUKI will always d818cI a matérial mi5s14lefflenl when it exist8. Mis51alem&nls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably ￿ expected to infiuence the e¢onomiG deosions of users taken on the basis of th8se financial statements. The axtsnt to which our procedur88 are ¢apab￿ of detecting [￿egUlarl￿85. including fraud 1$ detailed w￿.. E¥tent to whlch the audlt was con$ldered capabl8 of d8tectlng Irregularltles. InGludlng fraud We identify and asse55 the risk5 of mat&rial misstslement of the Financial Statements, wheth8r due to fraud or error, and then, design and p8rform audit procèdu￿$ respon5iva to th058 risks, includlng obtalnlro audit evidence that 15 sufficient and appropriate lo provide a basis for our opinion. W& dlscussèd our audit independence complying hvilh the Revised Ethical Standard 2024 ￿th thè engagement tsam rnembfrrs whi151 planning thè audlt and continually rnonitored our ind8pènd&n¢e throughout the proce55. Id•ntifying and asse8Blng pot•ntlal rf5k5 rolated to Irregularltles In idenufylro and ass8ssing risk8 of material Tni5ststeTnent in respect of irregularfUe$, In¢ludlng fraud andnon-cofflpliance wlh laws and regulations, our procedures included the follo￿n9'. Enquiring of managernenl, including obtainlng and ￿￿e￿ng supporting documentation. CO￿ernIng th8 Charivs poll¢le$ and procedures relating to.. identifying, evaluaung and cornplwng with laws and ￿gUlatIonS and whetherthey w8r8 aware of any instanc8$ of nonlated ts fraud or non-covnpliance with lav￿ and r8gulations". dS$¢us$ing among the engag&m8nt team how ond where fraud might occur in the Inancial statements and any tenlial indicators of fraud., obtaining 8n understanding of th818gal and r8gulatrJry framèworks that the Charity operate5 in, focusing on thos8 laws and regulations that had a dirèct effect i)n the finan¢ial stgtefflents or that had a fundamental effect on thE operations of the Charlty. The key law5 and regulations we consldered In this context included the UK Companies Act and relevant tax legislation. Audlt r88pon$o to risks Id8ntlfi8d In addition to the above, our procedure5 to respond to risks identified included the follo*ing.- revi8wlng tho finan￿al 51alem8nt di8clo8urè$ and testing to 5UPPOrting documentation to 8888ss compliance ￿th rèlevant lawws and regulation8', enquiring of managèment wncerning actual and pot8ntial litigaUon and Glaitll5.' performing analytical procedure8 to identify any unu$ual or unexpecl8d relath)nships that may indicate risks of rnaleri81 misstatem8nt due lo fraud., reading minutes cf meetings of those chatged wlh governance., in addressing the risk of fraud through manag8m8nt override of controls. testing the appropriateness of joum81 8ntries and other adju51tnenl5', a$se$sing whether the judgem8nls made in ma￿ng accounting estimates ar8 inditatlve of a potential bas.. and evaluating the op8rallonal ralionale of any significaTrt tr8ns8ctions that are unusual or OLrt5ide the normal cour88 of operation8. We also ¢0mmUn￿ated r818vanl identlled laws regulations and pol8nlial fraud rl$k$ to all engagement tearn members and rem8in8d 818rt to any Indicat￿ns of traud or non-compllance wllh laws and regulations throughout the audit. A further description of our ￿SpOnsIbl11t￿es for th8 audit of the Inanclal stalomenls 15 located on the Finanaal Raporting CounLyI's w8b8ite al m￿.fro.0r9.￿klaUd11Orsr•8p0￿slbSlltle$. ThSs des¢riptv)n forms part of our R8POrt of the Ind8p8ndent Auditors. Pag$ 7 **REPORT OF** THE **INDEPENDENT AUDITORS TO THE MEMBERS OF SWANSEA WOMEN'S 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 (Statutory Auditors) Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA? 9LA Date: 3 December 2025 Page 8 SWANSEA WOMEN'S AID STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Total funds Unr8strkt8d fund$ Rest￿tte¢ funds Notes INCOME AND ENDOWMENTS FROM Donations and legaci8S 19,745 19.745 18,433 Charltable actlvltl•$ 7,449 247,863 1.107,968 1.115.417 247.863 930,532 219,637 Rants R8c&ived Inve5tTnenl incorne Other incorne 4,387 4,387 4.643 1,674 Total 279,444 1.107,968 1,387.412 1,174,919 EXPENDrfuRE ON Charltable actlvlti¢$ Charitsblo Activiti85 277,420 1,018,790 1,296,210 1.156,485 NET INCOME Transfers botWOon funds 2,024 12,5151 89,178 2,515 91.202 18,434 16 Nat movement In fund¥ 14911 91,693 91.202 18,434 REGQNCILIATION OF FUNDS rotsl funds brought forward 449,684 191.942 641,628 623,192 TOTAL FUNDS CARRIED FORWARD 449.193 283,635 732.828 641,6 The not88 form p8rt 01 these finan¢ial statements Page g SWANSEA WOMEN'S AID BALANCE SHEET 31 MARCH 2025 2025 Total funds 2024 Total funds Un￿51￿cted funds Restricted funds Notes FIXED ASSETS Tangible ass&ts 12 17,791 17.791 7.678 CURRENT ASSETS stocks Debtors Cash al bank and in h4nd 13 14 150 104,599 374,477 150 104,599 658,112 150 39.743 651.555 283,635 479,22 283.835 762,861 691.448 ¢REDITORS Arnounts f811ing du8 ￿thin one year 15 147.8241 147,8241 157.5001 NET CURRENT ASSETS 431,402 283.635 715.037 633,948 TOTAL ASSETS LESS CURRÈNT LIABILITIES 449,193 283,635 732,828 641,626 NET ASSETS 449,193 283,635 732,828 641,628 FUNDS Unr8Stricl8d funds Rèstricted funds 16 449,193 283.635 449.684 191.942 TOTAL FUNDS 732.828 641.626 These financial statetnents have been preparod in accordance with the provisions applicable to charitable companie5 subject to the srnall cornpanies regim8. The financial $tat8m8nts w8r8 approved by the Board of Trustees and authorised for l$$ue ..i&...LI..-..?..fft￿alld wBre signed on its behalf by.. C ￿ TregD Tr $1&& The notes form part of these financial 51atement5 Pago 10 SWANSEA WOMEN'S AID CASH FLOW STATEMENT FOR THE YEAR ENfJED 31 MARCH 2025 2025 2024 Note5 Cash IIow5 from operatlng actlvttles Ca8h g8nèrat8d frotn operations 21,353 118,0301 Ntrt cash provided byllusod Inl operating activi1188 21,353 118,0301 Cash flows from Inve5tlng actlvlt188 Purchase oft8ngibl8 IiK8d assets Inl8r8sI rÉcÈived 119,1831 4,387 4,643 Nel Ga5h (used inyprovld8d by investing acti￿1￿88 114,7961 4.643 Chang• Iii cash and cash equlvalènts In the reportlng perlod Cash and c88h 8qulval¢nts at th8 beglnnlng of the reportlng porlod 6,557 113.3871 651,555 664,942 a$h and cA5h equlvalents at th& ènd of the reportlng perlod 658.112 651,555 The notes fortn part of these financial slalements Page 11 SWANSEA WOMEN'S AID NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPEFiATING ACTIVITIES 2025 2024 Net Income for the reporting period la5 per the Statement of Financial Actlvltiesl Adjustm8nts for: Depreciation charges Interest r8c8ived Increas8 in debtors DeGr8ase in ¢reditors 91,202 18.434 9,070 14,3871 164,8561 19,6761 6.003 14,6431 113,0331 124,7911 Net cash provlded byllus8d Inl oporatlons 21,353 118,0301 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 ash flow At 31.3.25 Not ¢a$h Cash at bank and In hand 651.555 .557 658.112 651,555 6.557 658.112 Total 651,555 6,557 658,112 The notes form part ofthe88 finan¢lal statemenis Page 12 SWANSEAWOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Ba$l$ of preparing the financial statements The finanaal 818t8menls of the Gharilable cotnpany, which is a public ben8frt entity under FRS 102, have b88n prÈpaod in accordance wlh the Charities SORP IFRS 1021 Accounting and Reporting by Charlts"8s.' Ststemenl af Recommended Pract￿8 applicAbl8 to charitiès préparlng their acGoJnts In a¢¢ordance wlh the Financial R8porling Standard appliGable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191,, Financlal Reportlng Standard 102 7he Financial Reporting Standard applicable in th& UK and Republ1¢ of Ireland. and the Cornpani8s Act 2006. The finanual statements have been prepartd untler the histori¢al cost nvenlion. The trustees consider that Iher8 ar8 no rnalerial uncartalnlies about the chèrfW$ ability lo ¢ontlnu$ a$ a going concern. Incom8 l in¢omÈ is recognlsed in the Statement of Fin8ncial Ath￿tI88 once th8 charfly has enllYem8nt to the funds. any performance conditlons attached to the iletnlsl of inGoTne have been met. il 15 probable that the income will be r8ceived and the amount can bo mèasured r81iably. Income from government and other grants, whether cap￿al, grants or.￿venUe. grants. is recognlsed whon th8 tharily has entiuement lo the funds. any performance conditions attached lo Iha grant8 have been met, it 18 probable that tho incom8 wll b8 r8C8iV8d and th8 amount can b8 m888ur8d r81iably and Is not d8f8rr8d. R8ntsl incom818 recognlsed In th$ period whirh it relates to. Donatlcns are r8cognis8d when th8 Charity h88 b8&n not11￿ In wdtsng of both the amount $ettlomont date. In the event that a donation 1$ $ubl8ct lo ¢ondllions that require a level of perforrnanGe before the rharily is 8nlitl8d lo th8 funds. the Income 15 dgferred and not recognised until either thos8 conditions are fully m8t, or th8 fulfilmÈnt of those conditions is wholly wthin the control of th8 charity and it is probable that those (xmditions wlll bp fulfilled in the reportsng p8riod. Inter881 on fund$ hel¢J on dep051115 included when rec8ivabl8 and tha amount C8n be measured r81i8bly by the Gharity., this 1$ normally upon notification of th8 inter8sI paid or payable by thè bank. Expenditure Llabllltles are recognised as expendrture a5 soon 85 ther6 15 8 legal or constructiv8 obligation committing the rbarity to that expenditure, it 18 probable that a transf8r of economic b8n8fits ￿11 b8 required In s8tt18m8nl and the amount of th8 obligation can b& m&a$ured ￿lIably. Expenditure Is accounted for on accruals basi5 and has bean classified under h&aiJings that aggregate all cost relatsd to the category. Where costs cannot be dlre¢lly athbuted io partKular headlngs they have been allocated lo ac1￿tIeS on a ba818 ttJnslst8nl wlth th8 use ol resources. Tonglble ftx8d a88et$ Depreciation is prowded at th8 fdlo%*ing annual ratas in order ¢0 %￿le off each asset over Its estimated Useful FIxiu￿$ and fittlng5 Motor vehicles Computer equipment 25% 25¥. 25% Cost compris85 the purchase prfce of th8 asset and ¥xpenditurg dlredy attrfbutsble to the a¢qui8iUon ol the Afixed a5sel 15 derecognised upon disposa1 or when no future e¢onoml¢ b&n&flts arg expected to aris8 from the contlnued us& Df tho asset. The gain or los$ arising on the disposal of an asset is deterrnined a5 the difference Wween the sale proceeds the Car￿ng value of th8 a88et. and 18 credited or charged to the incom8 Statement. hnp8Srment of fixed a8set$ The charity performs impairment testing where there are any indicators of impaimenl. Impaimienl 1$ ¢al¢ulaled as th& difference behween the carrySng value and the recov6rabl8 valu8 of the asset. Rocoverable value is th8 higher of net realisable value and e51imaled valu8 in u58 al the dal8 th8 impairm8nl Ios8 is r8cogni88d. Valu8 in u$e r6pr8S8nls th8 pr8S8nt valu8 of 8xp￿ted future di$¢ounted cash fbows. If Inwrred, Impairment 1$ rocoonlsod immediately in the in¢ome slalement. Pag8 13 continued... SWANSEA WOMÈN'S AID NOTES TO THE FINANCIAL STATEMENTS- continu¢d FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- contlnu8d Tangible tlxed assets Where an impairment 105$ subsequently rev8rs85, the carrylng value of th8 8888t is Incre838d to the re￿88d 8stirnal8 of the recoverable amount, but so that thÈ increased Garrying value doe5 not exGeed the Garrying value tt)at would hav8 boén dolerrnined K no Impairment 1055 had been recogn￿Sed for the assel in prior yoars. versal of an irnpairrnent Ioss is recognised immediately as a credit to tha income slat8menl. stoGk5 Stocks are valu8d al the lowor of cost and nel reali5able value. after making due allowance for Obso￿te and Slow mowng itetns. Taxatlon The charity18 exempt frorn corporation lax on its charitabl8 activities. Debtors Trade and olh8r debtor$ are re¢ognlsed at the setuement atnount due atter #ny Iratle dissount offered. Prépayments are valued at the arnDUnt prepald ngt of any trade di5count5 due. ¢ash at bank and in hand Ca8h at bank and cash InGlud¢s sash and short terrn highly Iwuld Investmen15 With a short tnaturity of three months or les$ from the date of acquistion or openirq of tha deposit or 51milar account. ¢￿dItOrS and provislon5 Creditors and provlslons a￿ r8¢ognl$ed fftre tt)e charity has g Present obligation resulting fr¢>m a past event that ￿11 probably result in the transfer offunds to a third party and tha arnount due lo sellle the obligation can be measured or estimated reliably. Creditors and provisions are nomially r8cognls8d at Ih8lr $8tJem8nt amount after allowing for any trade dlscounl$ duè. Fund accountlng Unrestricted funds can b8 used in accordance wth the charitabl8 obl8ctives al the dlscr8tlon of the tru8te8S. D8slgnat8d funds are unre51riiled funds eaimarked by the trustees for particular purposes falling in future Porlods. Restrict8d funds can only b8 us8d for parbcular restrlcted purrx)$0$ wthin the oblocls of the charfly. Restrf¢Y￿s arise wh8n specified by the tjonor orwhèn funds are raised for partiGular restricted purposes. Further explanation of the nabJre and purpose of each fund is included in the not8S to th8 financial statements. Op8ratlng1oa888 Rentals paid under op8raling 18as88 ar8 charg8d to the SOFA on a stralght Ilne b8sls over th8 Par￿ of th 18ase. Flnanclal Instruments The charity only has financial asset5 and flnancial liabllttig$ of a ￿n￿ that quallfy a$ bas[¢ financl81 In8tnJments. Flnancial Instruments are recognised In the company5 balanc8 Sheet vth8n th8 company becom8s party to the contractual provision8 of the instrument. Financial assets and liabilitie5 are offset, with the net amounts pres&nled in tha financi81 ststemenls, when thar8 15 a legally enforceable right to set off the r8cognis8d amounts and ther8 is an intention to S81Ug on a net basls orto realis8 the sss81 and settl8 the liabillly simultaneously 8asSc ￿nancIal assats Basic financial 8ss8ls, which include debtor8 and cash and bank balances. a￿ initially measured at transaction price including transa¢llon ¢osl$ and a￿ subsequenuy carried at aTnorti5ed cost Using the effective interest mathod unless the arrangement constitutes a financing tr8nsaction. where the transaction is measured al th8 present value of the future receipts discounted at a mark81 ral8 of int8r8$t. Financial 88$8ts ¢188sified as reC￿Vable within on8 year ar8 not amortlS8d. Impalment of Ilnan¢ial 0550ts Finanaal assets, olh8r than thos& held at fair value thrtsugh prorrt and loss. afy assessed for indlcatcrs of impaimienl at each ￿port11￿ end date. Page 14 continu8d... SWANSEA WOMEN'S AID NOTES TO THÈ FINANCIAL STATEMENTS- contlnu8d FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- contlnuod Financial assets are impair8d where there is objective evidence that. as a result of one or more events that occurred after th8 initial r8cognition of the financia1 asset, the estimated future cash flows have been affected. If an a55el is Impaired, the iTnp3irmenl 50551$ the differen¢e between the carrylng amount and th8 pr8S8nl value of the estiTngled cash flows discounted al the a55ets original effe¢live Interest rate. The impairment loss is recogni￿ in profil or loss If there is a decrease in the irnpairrnent 105s arising frorn eveDt or¢urrlng 8ft8r th8 impairment was recognised, th8 impsirment is reversed. The reversal is such that the Gurrent ¢arrwng amount does not exceed what th8 carrying amount would have b88n, had th8 impaimient not previously been r￿09￿l5ed. The Impalmient versal is ￿GOgniSed in profil or1055. Dorecognitlon of fiThanclol asset5 Financlal ass8ts are d8r8cognlsed only when tha contractual rlghts to the cash flows frorn the a55et ey4)ire or are settled. or when the wtnpany transfers the finan¢ial asset and substantially all the ri8k3 and ￿WardS of ownership to another entity, or if some significant risks and rewards of i)wnership are retalned but control of the asset has Iransf8rr8d lo anothar party that is able trj sell the asset in its entirety to an uarelated third party. Ba$lc Ilnanclal Ilabllttlè$ Ba$lc Inanclal 118blliUes, Includlng credltors and bank loans ar8 Inlli8lly recognised at transaction priee unless the arrangement Gonslitutes a finanGing transa¢tion. where the debt instrument is measured at the present value of tha future payments discountad at a market rata of int8re5L Finan￿al liabilities dasslfled as payab￿ wlhin on8 y88r are not amortised. Debt instruments are subsequenlly carried at atnorti5ed cost. using the effe¢live Interest rat8 math￿. Trade creditors ar8 obllgalDns to pay for goods or 8enAces that hav8 been acquired in the ordinary course of I￿SIneSS frorn 5upplier5. Amounts payable are Gla$$lfled as current Ilabllllles If payment is du8 Within one year or ess. If not, they are presented as non-current liabilities. Trade creditors are re¢ognised Initially at transaction pric8 and subsequentty m8a8ured at amortl88d co8t Using the effective interest rnelhod. CRITI¢AL ACCOUNTING JUDGEMENTS AND KEY SOURces OF ESTIMATION UNCERTAINTY Tha pr8paratlon of th8 flnanclal slalements requlres management to make judgrnents. estimates and ossumplitsns that affect Ihe application of policie$ and report8d amounts of asset8 and liabi1ilies, in¢ome and 8xpen5e5. The es11rn8tes and associated assurnptions art based on historf¢al exp8ri8nc8 and various olh8r factors that ar8 believed lo b8 rea8onabl8 under the circum51ance5. the results of which fortn tho ba$is of maklng the judgments abc>ut carrwng values of assets and Ilabllll￿8 that 8r8 not readlly apparent trom other sources. Actu41 results in the future may differ from these e5bmales. E$tlmat8s and Underf￿n9 a$$umptions are rwiew8d on an ongoing basis. RevbSiOnS to accounting e5timale$ are recognS8ed In the perirxj Sn whl¢h the es￿matel8 wlsod and In any futur8 P8rEod¥ affected. P8n8lon schem8 8s8ets ara m8asur8d at fair valu8 and liabiliti8s are m&asur8d on an actuarial basis using tho prol&¢led unil mèthod and dls¢ounled at a rat8 8quival8nt to the current rat8 of retum on a high gualily Gorporale bond of equivalent currency and lerrn lo the scheme liabilitie5. The aGtuarial valuations are obtaln8d at 1828t tri8nnially and are upd8t8d at each balanca 8he8t dat8. The resulting defined benefit asset ¢y liablllty. net of tt)8 related deferred tax, 1$ presented separately attorother n81 assets on the fac8 of th8 ba1anca sh88t. Estlmatlon Un¢•rtalnty The ¢harfty make$ estimates and a$$umpOons concgrning th8 future. Th8 rasulting accounting e51imales wll. by definition. seldom equal the related a¢lual results. Management consider their lo be no estimates 8nd 888urnplions that hav8 a 8vJnificant risk of causing a rnaterial adju5trnent to the carryitEg amounts of assets and Ilablllti8S ￿1th1n the next finandal y8ar. Pa981S continued... SWANSEA WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THEYEAR ENDED 31 MARCH 2025 DONATIONS AND LEGACIES 2025 2024 Donations 19.745 18.433 INVESTMENT INCOME 2025 2024 D&po811 ac¢ount Interest 4.387 4.643 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Activity Charltable Actlvftles Rent5 Received Grants Rent Recelv8d 1,115,417 247.863 930.532 219,637 1,363,280 1,150.169 Grants ￿¢01V$d, included In th8 above, are a& fcAIows 2025 2024 Children in Ne8d National Lottery Community Fund Welsh Womèn's Aid South Wale$ Police and Crime Cornrnissioner City & Countyof Swans88 WCVA Henry Smith Cha￿ty Austin Bailey Grant Waterloo Foundation National Grid Moondanc8 Enabling Communities National Lottery- Award8 for All Leather Seller8 Wdsh Government S¢r&wfix Charities Trust 7,198 250.892 55.280 84,897 439,389 8,937 119,600 38,490 166.346 68,570 84,897 413,258 24.936 59,200 1,480 25,000 9.448 33,377 5,530 21,432 20,000 20,000 76,594 5,000 6,198 1,115,417 930,532 CHARITABLE ACTIVITIES COSTS Support cost8 Is88 note 71 'rect Costs Totals Charitable Activit188 1.120,410 175,800 1,296,210 Page 16 continuad... SWANSEA WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS. contlnu¢d FOR THE YEAR ENDED 31 MARCH 2025 SUPPORT COSTS 2025 2024 AudllDrs' rernuneration Office expen888 Governance Insuran Consultancy Reoruitment Supervision and training Tiuslee expenditure Bad debts Relocation costs 10,565 57,733 2,594 5,904 20,194 2.112 34.163 9,770 56,969 3,392 5,030 15,492 1,515 13,5 57 3.752 38.783 175,800 105,815 NEf INGOMEIIEXPENDilliREI Net incomollewenditur8118 slated after chargingllcr8dilingl.. 2025 2024 Audltors, remuneration Depreciation- owned assets 10,565 9,070 9,rio 6.003 TRUSTEÈS. REMUNERATION AND BENEFITS Thera were no trustees, remuneratlon or other benefrts for the year &nded 31 VArch 2025 Th)r for tt)e year ended 31 March 2024. Tw$taé$' oxpon888 There were no trusteo8' e>wensgs paid for the year end8d 31 March 2025 nor for the y8ar 8nded 31 March 2024. 10. STAFF COSTS 2025 2024 Wages and Salaries Other pension cost8 812,006 7.558 823.174 7,488 819,584 830,662 The averag8 mDnthly of employees durirvj the year was a$ follows.. 2025 2024 Senior manapment tèarn Other staff 31 36 No employ888 r8ceiv8d emolurnenls in exces$ of £60.000. During the year salarts88 of £102,67612024. £84.4971 were paid lo key manag8m8nt. Page 17 conlnued... SWANSÉAWOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS. contlnu*d FOR THEYEAR ENDED 31 MARCH 2025 COMPARAYIVES FOR THE SYATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted fund8 Totsl runds INCOMÉ AND ENDOWMENTS FROhl Oonalions and legacies 18,433 18,433 Charltable activltl85 Charitable Activities Rents Received 6,821 219,637 923,711 930,532 219.637 Investment Income Other in¢otne 4.643 1.e74 4,843 1,e74 Total 251,208 923,711 1.174.919 EXPENDITURE ON Charttabl8 actlvltl85 Charllable A¢tfvlts"e$ 256,814 899,671 1.156,485 NET INCOMEIIEXPENDITUREI 15.6061 6,722 24.040 16,7221 18,434 Tran8f8r8 betW8on fund8 Ngt movem¢nt in funds 17.318 18,434 RECONCILIATION OF FUNDS Total fund5 brought fotward 448.568 174,624 623.192 TOTAL FUNDS CARRIED FORWARD 449,684 191,942 641.826 12. TANGIBLE FIXED ASSET5 Flxtures and ttings Motor vehicle5 Computer equiprnent Totals COST At 1 April 2024 Additions Disposals 11,693 16.600 12,7761 8,900 57,972 2.583 117,7601 76,58S 19,183 120,5361 Al 31 March 2025 25,517 6.900 42.795 75,212 DEPRECIATION At 1 April 2024 Charge foryear Elimina18d on disposal 9.463 3,975 12,7761 6.900 52.524 5.095 117.7801 68,887 9.070 120,5361 At 31 March 2025 10,662 39.859 57.421 BOOK VALUE At 31 Ma￿h 2025 14.855 2,938 17.791 At 31 March 2024 2.230 5,448 7,678 Pag8 18 continued... SWANSEAWOMEN'S AID NOTES YO THE FINANCIAL STATEMENTS- continuod FORfHE YEARENDED 31 MARCH 202S 13. STOCKS 2025 2024 Stocks 150 150 14. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other debtors Prepaytnents 8,￿5 91.275 4,959 10,816 24.147 4.780 104.599 39,743 15. CRED￿oRs.. AMOUNTS FALLING DUE wrrHIN ONE YEAR 2025 2024 Tradtr ￿ditOrS Social security and ot￿r taxes Olh$r cr8dltors Accruals and dEferred income 7,975 2.220 14.483 23.146 8,337 1.812 14.066 33.285 47.824 57.500 Page 19 continued... SWANSEA WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS. continued FOR THE YEAR ENDED 31 MARCH 2025 16. MOVEMENT IN FUNDS N81 mov8m8nt in funds Tran8f8r8 bgts¥een funds At 31.3.25 At 1.4.24 Unr85tr1ct8d fund6 General fund Designate(l Fund- Capital A588tS Designated Contingèncy for short term funding shortfa118 Designated CritiGal Closing Costs Designated Office Relocation Designated Strategic Planning 91,675 7,678 58,789 17.670 10,113 168,134 17,791 209,128 84,203 57.000 1149,7461 26.364 59,382 92.585 18,217 93,084 117,9821 138.7831 93,084 449,684 2.024 12.5151 449,193 RÈstrlcted fund$ Supported Houslng Project Daise FamiSy Support Project CHYPS Children in Need CHYPS PCC CHYPS Moondan YOM Forest School SWAN PCC SWAN H&nry Smlth SWAN PCC ISVA SWAN WCVA SWAN Neads B858 SWAN Waterloo SSC HSG Austin Bailey SWAN WCA 12,273 125,8031 111.4641 5.376 12,273 21.412 32.239 11,464 14,976 5,376 5.880 1.708 5,680 1,708 636 16361 15 62.287 18 17281 8,972 365 15 79,fj71 18 17.384 12.036 2.558 7,302 7,383 347 4.425 4,953 5,242 2.012 5.508 3.186 24,165 1.258 3,045 33,460 111,3081 11.530 7.687 7,383 210 14,4251 Grants for Women Ask Me Dai5e HSG DAISE WWA DAISE HSG SCC DAISE hknndance DAISE Food SCC Community Foundation Wal&s Grant OVID-19 Grants Wellbeing Grant SH4 Grant WCVA BDM National Grid Co Pro Enablir MARAC SCC WÈlsh GovernTnpnt- Capital fund We15h Governm8nt- Revenue fund SWAN Lott&ry DAisg A4A 4.953 5.242 62 5,508 6.600 24,165 1,258 3.045 29.027 11,9501 3.414 14,4331 234 278 3,803 1.383 248 12341 12781 3.803 1.283 12481 100 1.035 28,520 15,991 100 1,035 28,520 15.991 191.942 89,178 2,515 283,635 TOTAL FUNDS 641.626 91,202 732.828 Page 20 continued... SWANSEA WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS. contlnued Nel movement Sn funds. in¢luded in the above ar8 a5 follow5: In¢omlng resourGe$ Rwur¢es expended Movetnent in fund5 Unrestrfcttd fund5 G8neral fund DÈ8ignaled- Crillcal C105ing C05t5 DÈsignated- orrice Relocation 279.444 1220,6551 117,9821 138,7831 58.789 117.9821 138,7831 279,444 1277,4201 2,024 R88trlctsd fund$ Supported Housing Project Dai5e Family Support Pr4ect CHYPS Children in Need CHYPS PCC CHYPS CADA SWAN PCC SWAN Henry Smith SWAN PCC ISVA SWAN WCVA SWAN Ngeds Base SWAN Watertoo Austin Bai18y SWAN WCA Dai5e HSG DAISE HSG SCC COVID-19 Grants MARAC SC Welsh Governm8nt- Capital fund Welsh Government- Revenue fund Lealh8r S&ller8 Wintar Wellbeing Screwfix Foundation grant SWAN Lottery DAISE A4A 297.808 123,972 7,198 32.140 52,530 19.627 119,60D 33,130 8,937 43,460 21,432 1285,5351 1149.7751 118,6621 126,7641 152,5301 119.8121 157,3131 133,1121 19,66SI 134.4881 121,0671 11371 14.4251 138.S101 133,1461 14,4331 125.2481 131,6341 143,8251 120,0001 11.5001 15,0001 198,4001 14,0091 12,273 125,8031 111,4641 5,376 15 62,287 18 17281 8,972 365 11371 14.4251 11,9501 3,414 14.4331 12481 100 1,035 36,560 36,560 25,000 31,734 44,860 20,000 1,500 5,000 12fj,920 20,000 28,520 15.991 1,107,968 11,018,790) 89,178 TOTAL FUNDS 1,387,412 11,296,210) 91,202 Pag8 21 continued... SWANSEA WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS - continued FOR THEYEAR ENDED 31 MARCH 2025 16. MOVEMENT IN FUNDS. contlnued Comparatives for movement in funds Net mov8m8nt in fund5 Transfers b8tK*en tynds At 31.3.24 At 1.4.23 Unrestrfcted fund$ Gen8ral fund D8signal&d Fund Capital Assets Designated- Contingency for short tem funding shortfalls Deslgna18d- Criucal Closlng Co$1$ De$ignaled- Offi¢e Fielo¢atlon 83,980 13,681 15,6061 13,301 16,0031 91,675 7,e78 209,128 84,779 57,000 209,128 84,203 57.000 IS761 448,568 15.6061 6,722 449.684 Restrlcted fufids Supported Housing Project Oaise Family Support Project CHYPS CHYPS Children In Need CHYPS PCC CHYPS Moondanc8 CHYPS CADA YOM Forest School SWAN SWAN PCC SWAN Hènry Smlth SWAN PCC ISVA SWAN WCVA SWAN Ne8ds 8as8 SWAN VVal8rf00 SSC HSG Austin Bai18y SWAPQ WCA Grants for Women Ask Me Daise HSG Daise Plus DAISE WWA DAISE HSG SCC DAISE Moondance DAISE Food SCC Community Foundation Wgl8s Grant COVID-19 Grants Pèrlod Povèrty VVellb&lng Grant SH4 Grant WCVA BDM National Grid Co Pro Enabling MARAC SCC 105 40,512 11,803 12.1021 18,2731 1.997 32.239 111,8031 2,255 416 7,098 9,209 14161 11,464 5,680 1.983 1,686 34.818 12751 11,0501 1.708 636 134,8181 15,0971 14.180 12.1221 11,755 5,097 3.204 2,122 281 2,558 6.907 17.384 12,036 2,558 7.302 7,383 347 4.425 4.953 5,242 2.012 395 7,383 1.500 4,425 1601 15,5151 637 5.013 10.757 1,375 6,208 16,2081 5.508 700 5.508 3.186 24,165 1.258 3.045 33,460 2,486 24,16S 1,258 3,045 38,575 1,193 305 234 17,012 15,1151 11,3271 13001 234 278 3,803 1,383 248 116,7341 3,803 1,383 248 174,624 24,040 16,7221 191,942 TOTAL FUNDS 623,192 18,434 641,626 Page 22 ¢￿tInued... SWANSEA VIOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS- continued FOR THÈ YEAR ENDED 31 MARCH 2025 16. MOVEMENT IN FUNDS- contlnu8d Comp8rativ& net movement in funds, included in tho abovB afv a$ follows.. Incoming resourc88 Resource5 expended Movement in funds Unr¥strfcted funds Ganeral fund 251,208 1256,8141 15.6061 Restrlctsd funds Supported Housing Project Daise Family Support Project CHYPS Children In N8ed CHYPS PCC CHYPS MoondanGe CHYPS CADA YOM For8sl School SWAN PCC SWAN HÈfjry Smlth SWAN PCG ISVA SWAN WCVA SWAN Needs Bas8 SWAN WalÈrbD Austin Bai18y SWAN WCA Grants for Women Ask Me Daise HSG DAISE HSG SCC DAISE Moondan¢e DAISE Food SCC COVID-19 Grants P8rlod Pov8ty Wellbeing Gfant WCVA BDM National Gdd Co Pro EnabliryJ M4RAC SCC 276,259 166.346 35.988 32.140 1278.3611 1174,6191 126,7791 132,5561 11.4181 146,5881 12751 13,5521 114,5301 155,9961 131.0081 124,6551 135,3101 118,0931 12.£331 13751 1601 122.1821 133,2781 lJ1,4291 19,2121 12421 15,1151 11,3271 13001 116,7341 15,6451 12,8471 124,7521 12.1021 18.2731 9.2Q9 14161 11,4181 46,583 12751 11,0501 5.097 3,204 2.122 281 2,558 6.907 2,502 19,627 59.200 33,130 24,936 37.868 25,000 1,480 4,800 4.425 1601 15,51SI 637 2,486 24,165 1.258 15,1151 11.3271 13001 116.7341 3,803 1.383 248 16,667 33.915 33.915 33.377 1,50Q 9,448 4.030 25,000 923.711 1899,8711 24.040 TOTAL FUNDS 1.174,919 11,156,4851 18,434 Page 23 conllnued... SWANSEA WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 16. MOVEMENT IN FUNDS- contlnued A current year 12 fflonths and priory&ar 12 months cornbined position is 88 follows.. Nel movement In funds Tran5fer5 between funds At 31.3.25 At 1.4.23 Unr05trlctsd fund5 Genèral fund Designated Fund- Capital Assets D85ign8t8d- Contingency for short lem funding shortfalls De5￿g￿ate￿- Critical Closing Costs Designated- Office Relocation Design8tsd- Str818gic Planning 83.980 13,681 53,183 30,971 4,110 168,134 17,791 209,128 84,779 57,000 1149.7461 25,788 59.382 92,585 18.217 93,084 117,9821 138,7831 93.084 448,568 13,5821 4,207 449,193 RÈ$trltted fund$ Support8d Hou8ing Proleel Daise Family Support Project CHYPS CHYPS Children in N CHYPS PCC CHYPS MoDndance CHYPS CADA YOM FO￿$t School SWAN SWAN PCC SWAN Henry Smith SWAN PCC ISVA SWAN WCVA SWAN Need5 Base SWAN Waterloo SSC HSG Au81in Ball&y Grants forwomen A8k Me Doi8@ HSG Oai$e Plus DAISE WWA TT DAISE HSG SCC DAISE Moondance DAISE Food SCC Community Foundation Wales Grant COVID-19 Grant$ Period Poverty Wellb8ing Grant SH4 Grant WCVA BDM National Grid Co Pro Enabllng Welsh Government- Capital fund We15h Govemrn8nt- Revenue fund SWAN Lottery DAISE A4A 105 40.512 11,803 10.171 134,0761 1,997 14,976 111,8031 2,255 416 7,098 12.273 21.412 12.2551 4.960 11,4181 5.376 5,680 1,983 1.686 34,818 12751 11,0501 1,708 16361 134,8181 15,0971 14.180 12,1221 447 5,112 65.491 2,140 14471 11.530 7.272 15 79.671 18 11,530 7,667 7,383 210 4,953 5.242 62 395 7,383 1,500 11.2901 1601 15.5151 5,013 10,757 1.375 6,208 16,2081 S,508 700 5,508 .600 24,165 1,258 3,045 29.027 5.900 24.165 1,258 3.045 38.575 1,193 305 234 17,012 19.5481 11,3271 13001 134 151 12341 12781 116.7341 3,803 1.383 100 1,035 28.520 15.991 3.803 1,383 100 1,035 28.520 15,991 174,624 113,218 14.2071 283,635 TOTAL FUNDS 623,192 109.836 732.828 Pag8 24 continu8d... SWANSEA WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 16. MOVEMENT IN FUNDS. eontlnued A current y8ar 12 rnonths and prk)r year 12 month$ combined nel movement in funds, included in the abov8 ar8 a5 follows.. In¢omi r&sourc8S Resources eXP8nd8d Movernent in funds Unr8strlct8d funds General fund Designal8d- Critical Closing Costs Desionaled- Office Relocation 530,652 1477,4691 117,9821 138,7831 53.183 117,9821 138,7831 530,652 1534,2341 13,5821 R8strfcted fund6 Supported Housing Project 08ise Family Support Project CHYPS Children in Need ¢HYPS PCC CHYPS Moondar CHYPS CADA YOM FO￿5t School SWAN PCC SWAN Henry Smlth SWAN PCC ISVA SWAN WCVA SWAN N88ds 8a8¥ SWAN Waterfoo Austin Bailey SWAN WCA 574,067 290.318 43,188 04,280 1563.8961 1324,3941 145,4411 159.3201 11.4181 199,1181 12751 13,5521 134,1421 1113,3091 164.1201 134.3201 169,7981 139.1601 12,7701 14,8001 1601 122.1821 171,7881 164.5751 19,2121 12421 19,5481 11,3271 13001 116.7341 15.6451 12,6471 150,0001 131,6341 143,8251 120,0001 11,5001 15,0001 198,4001 14,0091 10.171 134,0761 12,2551 4,960 11.4181 151 12751 11,0501 5,112 65,491 2.140 14471 11.530 7.272 11.2901 99,113 2,502 39,254 178,800 66,260 33.873 81,328 46,432 1,480 4,800 Grants for Women Ask Me Dai5e HSG DAISE HSG SCC DAISE Moondance DAISE Food SCC COVID-19 Grants Period Pov8ty WÈllbeing Grant WCVA BDM Nation81 Grid o Pro Enabllng MARAC SCC Welsh Gov8rnm8nt- Capftal fund Welsh Government- Revenue fund Leather Sellers Winter Wellbeing SCr8￿1X Foundatlon grant SWAN Lottery DAISE A4A 1601 15.5151 11,3131 5,900 24,165 1.258 19,5481 11,3271 13001 116.7341 3.803 1,383 16,667 70,475 70,475 33,377 1,500 9,448 4,030 50,000 31,734 44,860 20,000 1,500 5,000 126,920 20,000 100 1,035 28,520 15.991 2,031,679 11,918,461) 113,218 TOTAL FUNDS 2.562,331 12.452.695) 109.636 DBslgnated Funds Designated fund5 are set up by the Iru516e5 to m881 tho organisalions plans for Ih8 future Capltal Assgt5 This fund represents the balance held by the charty. Contlngencyfor short tsrm fundlng $hortfall$ This rè￿SentS funds Sel 4side to ensure the charity can m88t futur8 funding shortfa11s and 8nsur8 servic8s a pres8rved. Pag8 25 continued... SWANSEA WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnued FOR THE YEAR ENDED 31 MARCH 2025 16. MOVEMENT IN FUNDS. Contlnued Critical closlng cost reserve This represents funds $el aside to meet any future estimated critical dosing costs ofth8 charity. Office relocatlon Thls fund rep￿sentS fun¢Jlng set aslde to Gover expected costs of the futur8 relccation of the charity. RB$trl£tèd Fund$ Supported Houslrbg Prolect Funding received in the year from Sw8n5ea Council for the support pr01ri5ion wthin SWA accommodation. MARAC Project Fundlng re¢elved In the year from Swansea Council for a MARAC Coordinator Dal$o Famlly Support Project Funding rec8lV8d in th8 year from The Nauonal Lottgry Gommunity Fund for adutt. thlldren and youry people's community servlces a¢ross Swansea. CHYPS Funding r8C8lved In the year from BBC ChIld￿n In Need. South W&le5 Police and Crime ComTnissDner and the Home Office for Cotntnunity VAWDASV Specialis15 ICYPIFamiliesl, a Play and Acliwties Worker and a Play Therapist. YOM Funding welved In th& prewous year for Your Opinion Mat18rs group to 8nab18 5unrivor voices. For¢$t S¢hool Funding received in th8 year froni BBC Chlldren Sn Need for a Forest SBhod Worker. SWAN Funding received In the year from The Henry Smlth CharFty. WCVA 8nd Swan888 Coun¢ll for SWAN Support Work8rs. Aso. funding received In the year trom the South Wa1È5 Police and Crime Comtlli55ionÈr for an Indep&nd&nl Sexual Violence Advisor and WCVA and the Walgrloo Foundation for a Volunta8r Coordinator. Grant$ lor Wome Funding r8c81v8d In the wrfrom the Smal￿00￿ Tru$l for grants for seTrice users lo address their needy. Ask Me Funding received in th8 yearfrom Swansea Council for an Ask ￿ Coordlnator. Dal88 HSG Funding received in the yearfrom Swansea Council for 2 Community VAWDASV Sp8aali8t8 IAduMsl. Communlty Found8tlon Walas Gr8nt Funding re¢eived in the previou5 yeHT frorn Cornmunity Foundat￿￿ Wales for community-based wellbeing COVID-19 Grants Funding received in the previous year for staff and equipm8nt nec88sary trj m8el COVID-19 requir8rn8nls and provid8 additional op8ratlonal capaclly. Wellbelng Grant Funding r8C&iV8d in the y8ar from the Rggional Hgalth, Sodal Care and Wellbelng Small Grant Scheme for wellbeing activities. SH4 Gront Funding recelv8d In swe￿0￿8 year from Welsh Govemment forfumishing of SWA aGGomTnLyJatii>n. WCVA BDM Funding r8c81V8d in the year from the WCVA towards a new Business Devglopment Manager. Page 26 continued... SWANSEA WOMEN'S AID NOYES TO THE FINANCIAL STATEMENTS- continutrd FOR THE YEAR ENDED 31 MARCH 2025 16. MOVEMENT IN FUNDS- contlnuod Natlonal Grfd Funding receiv8d In the y88r from N81ional Grid to prO￿￿e Vdrm pa¢k8 to fam151os &xp8riencing finan￿￿4 ￿n￿GultIeS. DAISE Moondance Fundlno recèived In th8 y8ar for 1 Community VAWDASV Specialist (Adults). DAISE Food S¢¢ Fundlng r8C8ived in the year lo provide food parcels for famlllè$ In need of food. Co Pro Enabllnu Communltles Funding received in the y8ar for delivery of c