The Church Welfare Association (Incorporated)
(a charitable company limited by guarantee)
Company Number 00112964
Charity Number 209992
REPORTS AND UNAUDITED FINANCIAL
STATEMENTS FOR THE YEAR ENDED
31 December 2023

CONTENTS
34
Reference and Administrative Information
Council Members, Re
ort
Inde
endent Examiner's Re
ort
Income and Ex
enditure Account
Balance Sheet
Notes to the Financial Statements
10
11-16
Page 2 of 15

The Church Welfare Association (Incorporated)
{a charilabte cc4npany limited by guarantee)
REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
REFERENCE AND ADMINISTRATIVE INFORMATION
Slatus
The Church Welfare A880¢Ialion 18 a charitable company limited by guarantee and not
having 8 share ￿pItal, in￿rpOrated on 30 November 1910, and registered as a charity
on 18 October 1962.
REGISTERED COMPANY NUMBER. 00112964
REGISTERED CHARITY NUMBER.. 209992
Re9iStered Office.. 45 The Avenue
Southampton
S017 1XP
Trustees l Dlrectors
The followng truste•s lthe Coundll ar• also dir￿tOrS of the charitable company..
Lorraine Briffitt (Chair)
Rev Hugo Foxwood- resigned 14 Sep 2023
Madelaine Thornas•Goddard (Vice Chair}
Mark Heyboum•
Laurence Singlehurst
Mark wake￿n9 (Hon. Treasurer)
Legal Advlsers
Anthony Cdlins Solicitors LLP
134 Edrnund Strett
8imiingham
83 2ES
Investment Advlsern
Charles Stanley & Co. Limrted
55 Bishopsgate
London
EC2N 3AS
Ev￿rth Investrnent Management Umited
8onhill Street
London
EC2A 4PE
CCLA Invesb))ent Management Limited
85 Oueen Wetoria Street
London
EC4V 4ET
Page 3 of 15

The Church Welfare Association (Incorporated)
la charitable ￿panY limited by guarantee)
REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
Bankern
Lloyds Bank plc
25 Gresham Street
London
EC2V 7HN
COUNCIL MEMBERS, REPORT
The Counal of Trugtees and the directors of the charitsble company have ￿eaSUre In
$ubmitting their Council Memberfs Annual Report and A￿ount5 for the year ended 31
December 2023.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Structure
The Company is limited by guarantee and does not have a share caprtal. Members of the
charity guarantse to contn'bute an amount not exceeding £1, to the charity in the event of
nding up.
Governlng Document
The company wa8 incorporated on 30 November 1910 under a memorandum of
associats'on. which e8tsblished the cbje¢ts and pywers of the charitable company, and it
1$ govemed under ts artides of assouation as amended by Speryal resolutions passed
on 19 November 19S3, 18 Febwary 1954 and 25 October 1995, and resolution made
under Section 74121 of The Charities Act 1993 on 25 January 1999.
Management
Tru¥tso•
The Counul of Trustees detemine the general polbcy olthe As8ocA4ltsn. It 1$ the poli
of the A590tyation lo achieve the objects of the A$$oaation.
Collabornllv• Agrnem•nt
A Collaboratsve Agreement btttsvèen the Charty and Beyond the Streets (BTS) 81gned on
20 June 2022 includes the provigon of administrattve support by BTS.
Dwd of Grnnl
A Deed of Grant Agreement befv￿n the Chartty {grantorl and BTS Igwteel signed on
7 July 2022 makes a condiional provision for a grant of £163.125 annually befv￿en 2022
nd 2026.
Page4 of 15

The Church Welfare Association (Incorporated)
la ¢harrtable company limited by guarantee)
REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
OBJECTS
The Ass￿¥atiOn is an establlshed corporalion admlntstering monles for the benefit of
Sou81 Work in ¢onneclbon with the Church of England. It can also..
make maintenance grants to residential projects undertaking the Shelter, training
or rehabilitation of wom•n or gids, with orwithou¢ infants. In need olcare and
moral support.,
5UPPOrt Day ca￿ projects designed to aswst and Support children, particularfy
Single ￿lent families, and.,
act as cu$todSan Trustee for relevant preve￿"e3, and pro￿de grants to r•lir&
persons vkno have work•d on Churth S￿1?1 Work.
DIRECTORS. RESPONSIBIUTIES
The dire¢tor8 are responsible for preparing the report of the Trustees and the financial
statements in a¢￿Idance wtth aP￿Icable law and United Kingdom Generally Accepted
A¢￿Unting Practice (UK GAAPI.
The directors are Tequlred lo prepart the report ofthe Trustees and finanaal statements
for each financial period, which give a true and fair view of the stale of affairs of the
charitsble company and of its incominy re8our¢es and application of resources. induding
Income and expendilLtr¢ for the ￿riod. In preparing those flnanri81 stst•ments aC&￿￿nts.
the directors are required to..
select suitable accountsn9 poliries and then opply them consistenyy.,
make judgemen18 and estimates that are reasonable and prudent..
Stste whether applicable accounting stsndards and statements of recommended
practs'¢e have been followed. sub)'ect lo any materfal departure$ disdo$ed and
explained in the financial ytatements.,
Prepare the accounlg the going concem basis unless It 1$ Inappropriatè lo
presume that the company will continue in operation.
The directors are responsible for keeping adequate accounting records which disdose
ith ￿asOnable accuracy al any time th& financial position of the company and lo tsnabl•
them lo ensure that the financial Statements comply wth the Companies Act 2006. They
are also re8pQnw￿e for safeguarding the assets ofthe company and hence for taking
reasonable steps for the prevention and deleclon of fraud and other irregularitie$
This report has been pr¢pared in accordance Trmth the small companles regime under
sedion 419121 of the Companies Act 2006, and in accordance Accounting and
Reporb'ng by Chartties.. Statement of Recommended Pracb'ce applicable lo charilios
preparing their accourts in accordance wbth FRS 102.
Paga Sof 15

The Church Welfare Association (Incorporated)
18 charitable cc¥npany limited by guarantee)
REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
ACHIEVEMENTS AND PERFORMANCE
Background
The purpose of the Chuth Welfare Association is to provide support for women
have been exploited or are * ri$k of being eXpl￿ted through pro$￿tutIOn.
Its 8ims have wdened over the years to support ￿SIdential and day care pmjecls,
holiday cluby, parenting courses for teenagerg etc., most ofwhich function in deprived
¥r*a$. Povety di5proportionatety affects women and children and most proj•¢ts in this
eld of wot* fvnction on very tight budgets. usually v¢ith the invaluable help of many
volurrteers.
Publlc 8eneflt
The Church Welfare A880datSon Is a put4ic benefll entity undor FRS 102.
The Trustees have undertaken to ensure ¢ompliance the Charity Ccmmisslon's
public benefit guidance vthen setbng grantvmaking policy and revlewing the aims and
oty'eclives of the chority, and of the ¢haritits link*d to It.
Summary of the Year
Havlng join￿ the board In Summer 2022. thi8 18 my flrst full year as Chair of CWA. l am
gratefiJl to all the members oflhfj Board for their commitment and supptsrt during this
lime. There were significant changes to the Board year, meaning ￿ sp•nt much of
2023 con$olidab"ng, geeklng lo develop as a team.
We havg wntinued our financial support of Beyond the Streets, resourcing them to
support women vulnerable lo Sexual exploitab'on across the UK. Beyond the Streets
have also offered CWA administrational support during this period of consolidation and
Board MeM￿r rde transityon8.
During the year, the Tnsstees met Ihree times, meets'ng to rewew ap￿ICa￿￿￿ and awor(I
funding vthere we saw resonance and alignment vthh th• core objectives of CWA. We
also look more time lo pause and ￿nSider how best lo deliver on our original objectives-
to support women who are currently, or at risk of. being exploited through the UK sex
industy. This rewew is ongoing, and a fvll Strategy Session will tske ￿a¢e in Autumn
2024, bringing in expervse from the sector and hearing from Beyond the Street's new
CEO.
Lorralne Brbffltt
Chalr of Tru#t
Page6 of 15

The Church Welfare Association (Incorporated)
la charrtable ¢rynpany limited by guarantee}
REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
FINANCIAL REVIEW
Surnmary of Transactlons and the Flnanclal Posltlon as at 31 Decembèr
2023
During the year under review the value of the Churd7 Welfare Association Ilncorporated)
funds decreased overall to £1.154.926 {2022.' £1.252,5931 as 5hovm on Page 9 of the
financial $tslements.
The charity awa￿ed 8 gfants to Various organi8ations amounbng to £190,125 {2022'.
£196,725). Grants awarded lo the charity Beyond the Streets comprised the second of
five annual grgnls of £163,125 but vthich remained unpaid as at 31 December 2023
12022.. £163,125). Smaller grants patd lo olh&r organisati¢)ns wothng wilh women
expellencing or vulnerabk to sexual exploitabon were..
£3,000. The S8ffires Prqe¢L Knighton Free ChLtrch tDio¢ex of Leicesterl
Partour Outr88ch
£6,000, Embrace 8imingham, Coventy Elim Church IDisxese of Covenlryl
Supportlng f8mgle on slrnet s&x-wort6rs in the Wesl Midlands
£5,000, Lovewell IBristol City. Diocese of BristtAI
Social ente￿nse supporting and training women who have gxp8ri8nced
lrnum8 thft)ugh trnfficking and exploitotm
£3.000, The Jericho Road Project IDiocese of Nottinghaml
Supportirig those affect8d by the sex Industry and sax wort in Nottingham
£3,000, The Muitard Trèe Foundation IOlo¢es• ol R•adin91
Rahab
£3.000, Harbour Church tDloce8e of Portsmouthl
V￿8
£4,000, City Life Church Isouthampton, Diocese of WThnd)esterS
Amber Chaplains
The vglue of CWA'Y investments. shown al ma￿et Value unkss otherwse stated,
increased overall lo £1,277.47212022.' £1,216,916) as shovm on Page 10.
Investments
The management of the A550¢iation's Investments on a day to day basis is overseen by
the Hon. Treasurer and the A$$oaation's investment adviserg. The guidelines that have
been ¥el down are for both capital grovth and i1￿me medium risk.
On bohalf of th• Board
Mark Hoyboum•
Jf oq24
Pagé 7 of 15

The Church Welfare Association (Incorporated)
{8 charitable company limited by guarantee)
REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
EXAMINERS REPORT TO THE TRUSTEES ON THE UNAUDITED
ACCOUNTS OF THE CHURCH WELFARE ASSOCIATION
(INCORPORATED)
report on the finan¢i4 8tstements forthe year endeil 31 December 2023 set out on
Pages 9 to 15.
Responslbllltles and Bas18 of Report
As the ¢harity'$ Trustees of the company land also its directors for tht purposes of
company lawl you are responsible for the preparab'on of the accounts in accordance with
the requirements of the Companies Act 20061.lhe 2006 Artl. The charity's Trustees
consider that an audit is not required for the year under section 144121 of the Charities
Act (the 2011 Act) and that an independent examin•tson 1$ needed.
Having Safjsfied myself that thè accounts of the company are not requI￿d to be audited
under Part 16 of the 2006 Act and are eligible for independent examination, I report in
respect of my examination of youi charity's accoun15 as carried out under Section 145 of
the Charitles Acl 2011 {the'2011 Act'l. In carrying out my examinkn'on I have followed
the Directions given by the Chanty Commission under section 14515llb} of the 2011 Act
Independent ExamIne￿* Report
As the company's gro¥s income did not exceed £250.000, I confim) that l am qualthed to
undertake the examlnallon.
I have completed my examination. I ￿nfirni that no matters have come to my attention in
connection V*ith the examination giwng me cauye lo believe..
accountrng record$ were not kept in respect of the company 98 required by
section 386 of the 2006 Ad: or
the accounts do not accord wth those a￿Ounting record$', or
the accounts do not comply with the a¢¢ountsng requirements of section 396 of
the 2006 Act otherthan 3ny requirement that the accounts give a 'lrue and fal
view vknich is not a matter considered as part of an ind•p¢ndenl examination., or
the a¢¢ounts have not been prepared in accordance wth the methods and
principles of the Ststement of Re￿mrnen￿ed practice for accounting and
reporting by chafitses
iv.
I have no concems and have come acro￿ no other matters in connecbon wth the
examination to whith attention should be dravm in this rtrport in ord8r to enable a proper
under¥landing of the aCCOLtnts to be reached.
Mlchaol John Haths MIA8
M J H*rrl8 Solutlon•
18a Church Road
Bishopstoke
Easueigh
S050 68H
Page8of 15

The Church Welfare Association (Incorporated)
(a charf(able company limrted by guarantee)
REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
STATEMENT OF FINANCIAL ACTIVITIES
(InGluding Income and Expendlture Account)
Note
2023
2022
Incomlng Resources
Donation8
Irweslment Inc¢xne
Tolal In¢omlng Resources
Resources Expended
Direct Charitable Expendi￿re Grants
Management & Administration of the Charty
190,125
196, 125
Total Resources Expanded
Net Incomlng Resources Less
Resources Expended
1164350) (178,335)
Transfer5-in
Gains (or Loss8s)
On Disposal of Fixed Assets
Nel Unrealised Investment Gains (or
Logses) on Revaluation
11,945
54,739
(68,561)
(131, 769)
Net Movement In Fund8
(97,6671 (378,665)
Balances brougm fopward 1 January
1,252,593
1.631,258
Balances corrled forward 31 December
1 164926
1252 593
Page9of 15

The Church Welfare Association (Incorporated)
la tharilable company limited by guarantee)
REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
BALANCE SHEET
Note
2023
2022
Flxed Assets
Investments
1,277,472
1,216,916
Current Assets
Accrued Income
Income held by Agent5
Castt at Bank & with Agents
194
3,147
520
6,947
192 194
Total Current Assets
41,838
199,661
Current Llabllltlo8
Creditor5.' Amounts falling
due within one year
(164,383)
(163,983)
Net Assets
1 154926
1252 593
Represented by
UnrestrScted Reserves
1 154926
1252 593
For the year ended 31 December 2023, the company was enlrtled lo exemption from
audil under Seth'on 477 Companies Act 2016. and no notice has been deposrted undor
Section 476. The difectors 8cknovAedge their responsil>'lities for ensuring that the
Ck%npany keeps accounting records, vthich comply Se¢tion 386. and preparing
accounts. which give a true and lair view of the state of affair5 of the company as 81 the
end of the period and of income and expendi￿re for the financial report. in accordan
th the ￿qUIreMents of Section 394 and 395, and vthich otherwise compty with the
ieqL¢iremenls of the Companies Ad 2006 relating lo accLJunts. $0 far as 4ppllcabk* to the
company.
The accounts are prepared in accordance with the sp8cial kvovisions ol Part 15 of the
Companie5 Act 2006 relating to $m811 ¢cmponie$.
All IIgUr￿ showi hav• been rounded to the neafest £1.
On ￿halff of tho Board
Mari( Hey
Dlr•ctor
Dated ?.<1.4..9.+.
Page 10of15

The Church Welfare Association (Incorporated)
l¥ charitable Ctyxpany limited by guarantee}
REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. NOTES TO THE FINANCIAL STATEMENTS
1.1.Accountlng Conventlon
The finan¢t* ststemgnts have been prepared In accordano with the Financi41
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the
Accounting and reporting by Charibes.. Ststement of Recommended Practice
apF4icable lo charibes pieparing their accounts in accordance FRS 102, and the
Companies Act 2006.
The Charity meets the definition of the public benefit entity under FRS 102. A$s*l$
and lla￿.hties are initialty recognised at historical ¢ost or transaction value unless
oth•Th•&i$e $tsted in the rdevant accounting pollcy note below.
The occounl8 have been prepared on the orsoing concem basis. There are no
material Uncertainti￿ aboLrt the charity's ability to continue.
1.2. Basls of Preporatlon
The Ilnancial statements are prepared on On accruals bas18 and indud• in¢ome and
expendlture as th•y are •am•d or in¢urTed. rather than as cash is received or paid.
1.3.Income
Investment income compri8e8 interest and dividend¥ received in the year from the
Fund's invesbnents. and includes any a88oaaled taxats'on that 18 reCoVera￿e from
HMRC.
Grant Income and donatioTr$ are Teccgnised in the Statement of Finanaal Acti￿11¢3
once the charity has entiuemenl to the funds, il Is prObat￿e that the income will be
received and the aNv)unl can be measured rèliably.
1.4. Expendlture
EXpendI￿re Is recognlsed in the wriod in which they are inoJTred. Resourceg
expended indude att￿but8ble VAT ￿lch Gannol be recovered.
1.5.Fund Accounting
The Chanty hold$ unrestricted fijnds inCo￿Orating the following legacaes".
Mis$ Elsie Heame
HF Musket and Mi88 L WBdl
All other incom& less expenses of the are held in unre8tr1cted fvnds. Th
charity hdds no 08￿gnated or Restrfcted Funds.
Page 11 of15

The Church Welfare Association (Incorporated)
a charitable company limited by guarantee)
REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
1.6. Galns and Losses on Investrnent Assets
The realised gain or loss ariyng on the sale of the Fund's investsnents is c￿Culated
as the difference betsveen the sale of proceeds and the given Market ValLt8 al thg
previous 3t December or the cost if purchased during the year. The unrealised gabn
or Ioss 18 the adjusknent required to state investments at the given Market Value at
the year end.
1.7. Flxed Assets
The Investments held by the Fund al 31 Decanber are induded in the Balance Sheet
at Market Value unless stated otherwise in Note 4.
2. Investment Income
2023
2022
DNidend Incom&
Chades Stanley & Co Invesbnent portfolio
Dividends from other Share$
Epworth Investment Management (Epworthl
portfolio
CCLA - COIF Charibes InvestmenVFixed
Intere81 Funds
CCLA - C8F COE Investment Fund
Bank Interest
Epworth - Affimative Deposit Fund
CCLA- COIF Charities Deposit Fund
CCLA- CBF CofE Deposrt Fund
23,426
1,428
4,166
20, 709
5, 732
7,876
9, 194
2,016
40
1.999
206
173
689
Totsl Investment Income
Page 12of 15

The Church Welfare Association (Incorporated)
la chartsble company limited by guarantee)
REPORTS AND ACCOUNTS FOR THE YFAR ENDED 31 DECEMBER 2023
3. Management and Admlnlstratlve Charyes
2023
2022
Trustees and Officer5 Expenses
Administrative Fees
Accountancy Fees
Stockbrd(ers Fees
Investment Fees (Chades Stanley & Col
Fees & Expenses (Epworthl
Legal & Professional Fees
Website Fees
Printing and Postage
Companies House Fees
Filing Fees
Late Filing Penatties
317
1,200
928
845
9.467
1,603
11,613
1,089
7.421
185
338
35
18
(13)
30Q
750
Totsl Manag•mont & Admlnl•trntlv• Ch•ry
The Assoaabon has no ¥taff. No member ofthe Coun¢il Tecdved any remuneration
dLtring the year. Expenses incurred on behalf ofthe Assouation reimburaed to member8
or related paldes thereofwere £65 (2022.. £1,089).
Page 13of 15

¥u(J72>

The Church Welfare Association (Incorporated)
la charitable company limited by guarantee)
REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
Investments Includlng at Market Value
Companle4
2023
2022
Listed Securitie5
Other Fixed asset$
1,268,212
1, 177, 708
Tot￿ Inv•tytrn•nts
1277 472
1216 916
6. Cash at Bank and wlth Agents
2023
2022
Cash at Bank- Lloyds
Cash on Deposit- Epwlyth IAffimialive
Deposrt Fundl
Cash on Deposit- CCLA ICOIFI
Cash on Deposit- CCLA ICBF CofEI
22.884
13,233
163,996
15,612
15,612
Total Cash at Bank and wlth Agont•
6. Llablllty of Mombern
The Company is limited by guarantee, hawng no share Capital and under the temis ofthe
Memorandum of Assouation every member of the company undert8ke¥ to contribute to
the assets of the company In the event of il being wound up vthi¢h he or she is a
member, or wthin one year after he or She cea8e8 to be a momtor. such act as may be
required not exceeding one Pound.
Page 15of15