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2023-03-31-accounts

WOMANKIND (WORLDWIDE)

A Company limited by guarantee

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Registered Company No: 02404121 (England and Wales)

Charity No: 0328206

WOMANKIND (WORLDWIDE)

FOR THE YEAR ENDED 31 MARCH 2023

Contents Page
Trustees’ Report
Reference and Administrative Information 3
Introductory Message from the Co-Chair 4
About Us 6
Our Achievements 2022 – 23 8
Financial Review 15
Future Plans 16
How Womankind is Run 18
Statement of Trustees’ Responsibilities 22
Independent Auditor’s Report 24
Statement of Financial Activities 27
Balance Sheet 28
Statement of Cash Flows 29
Notes to the Financial Statements 30

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WOMANKIND (WORLDWIDE)

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Company Registration 02404121 (England and Wales)
Charity Registration 328206
Trustees Twasiima Bigirwa (Co-Chair)
Siobhan Allen (Co-Chair, stepped down as Co-Chair 8thJune 2023)
Olga Ghazaryan (Co-Chair, Appointed 8thJune 2023)
Rebecca Olschner-Wood (Vice-Chair)
Jenny Jones (Co-Honorary Treasurer)
Roshana Arasaratnam (Co-Honorary Treasurer, retired 28thSeptember 2023)
Maggie Baxter
Lia Larson (Retired 4thDecember 2022)
Susana Leith Smith
Francoise Moudouthe (Resigned 8th June 2022)
Lubna Qunash
Alison Stiby Harris (Appointed 22ndMarch 2023)
Dumiso Gatsha (Appointed 22ndMarch 2023)
Lauren Dark (Appointed 22ndMarch 2023)
Lusungu Kalanga (Appointed 8thJune 2023)
Scheaffer Okore (Appointed 8thJune 2023)
Tamara Palamakumbura (Appointed 8thJune 2023)
Chief Executive Caroline Haworth
 Retired 30thJune 2023
Dinah Musindarwezo Appointed Interim Co-CEO 10thJuly 2023
Disha Sughand Appointed Interim Co-CEO 10thJuly 2023
Sarah Masters Appointed Interim Co-CEO 10thJuly 2023
Registered Office Wenlock Studios
50-52 Wharf Road
London N1 7EU
Bankers Lloyds TSB Bank plc National Westminster Bank plc
399 Oxford Street 130 Whitechapel High Street
London WC1 2BU London E1 7PS
Auditors Haysmacintyre LLP
10 Queen Street Place
London, EC4R 1AG
Investment managers: CCLA
One Angel Lane
London EC4R 3AB

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WOMANKIND (WORLDWIDE)

FOR THE YEAR ENDED 31 MARCH 2023

An Introductory Message from the Co-Chair

Dear Reader,

There are many things in the past year that may have caused you to lose hope for a better future.

The marked rollback on women’s sexual and reproductive health rights is a global threat to bodily autonomy and freedom.

The attack on the safety and dignity of the LGBTQI+ community continues. From the flood of anti-homosexuality bills sweeping across Africa and the US to the transphobic rhetoric and beliefs that persist throughout the UK.

In Afghanistan, women and girls living under Taliban rule are under constant threat of violence. Through gender apartheid they have been largely erased from politics and public life and they face major barriers in accessing basic services, including education, healthcare, nutrition or to work.

But we remain hopeful. Because in spite of all that stands in their way, feminists everywhere continue to demand change and Womankind are right there in solidarity, working closely with them.

Power in collective action

From women collectively challenging the structural barriers that hinder girls' education in Ethiopia to feminists in Nepal powering women into political leadership. From girls in Kenya taking a stand against sexual harassment to the women advocating for their right to land in Zimbabwe. Feminist movements continue to be the drivers of transformative change.

Realising our vision of a feminist future has never been more urgent. This is a future where women, girls and people of all genders – in all their diversities – are respected and valued for who they are. Where they live with joy, choice and dignity. Realising this vision, is why Womankind exists. Realising this vision only works if we continue to prioritise deepening our feminist analysis, the decolonisation of our practice, the strengthening of our values and reflecting on how we show up and work together as a team. In this report, we will be sharing some of the ways we’re doing this.

Strong and diverse feminist movements are the roadmap to healing and justice for everyone. Over the past year, we have continued to work with partners in our five focus countries, Ethiopia, Kenya, Nepal, Uganda and Zimbabwe, all working to advance women’s rights and gender equality in their communities and beyond.

Expanding our work to Afghanistan

This year, we extended our work to a sixth focus country. In 2021, when the Taliban regained control of Afghanistan, 20 years of achievements were almost immediately lost, with women’s rights rolled back in every area. Many Afghan women’s rights organisations have closed in the past year, in the face of intimidation and threats, significant financial constraints and restriction of movement. And yet, Afghan women and girls are still relentlessly carrying on with their lives, often with acts of unseen, unheard bravery.

Supporting women’s human rights defenders and the women’s movement in Afghanistan is crucial. This means advocacy to ensure women’s rights are protected and promoted, resources to ensure they continue to operate and a guarantee that Afghan women are not just talked about but heard. Our new Afghanistan strategy supports this.

In this report, we will share insights into why and how we work with feminist movements and the impact that our work together is having.

These insights will include how we collaborated with partners across Ethiopia, Kenya and Uganda to get the voices of diverse women heard at the UN Commission on the Status of Women (CSW) - a crucial women's rights convening.

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We’ll also be sharing how we have resourced the revolution through flexible funding to our partners and how we got people talking about their acts of everyday feminism. You will hear stories from inspiring activists and women and girls in their communities and see how intersectional movements and feminist advocacy are powering progress towards gender equality.

A season of change

At the beginning of 2023, with much gratitude and achievements to celebrate, we said goodbye to some of our trustees. We then welcomed a whole host of new trustees, who are all committed to working together to realise our vision of a feminist future. My co-chair Siobhan Allen finished her term and we now welcome Olga Ghazaryan who joins as the new co-board chair, and will continue to work with us to support the realisation of our vision.

In June 2023, we also bid farewell to our former CEO, Caroline Haworth. Throughout her career, Caroline played an instrumental role in championing the rights of women, girls and people of all genders in various countries around the world. A feminist and force in the women's rights movement, Caroline has steered the organisation through progressive transformation over the past seven years, laying the foundation of our 2030 strategy which is core to our continuing impact around the world. We wish her all the very best and hold deep gratitude for her time at Womankind.

Through this report, we invite you to connect with the changemakers at the forefront of their movements, to be inspired by visions of a feminist future and in turn, reignite the spark of hope you may have lost.

In solidarity,

Twasiima Bigirwa

Co-Chair of the Board of Trustees

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TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2023

About us

Who we are and what we do

Womankind Worldwide is an international women’s rights organisation and funder, working with women’s rights organisations and groups and feminist movements across the world to end gender inequality.

We take collective action alongside women’s rights organisations, feminist movements and activists in Eastern and Southern Africa and South Asia. We partner with these diverse movements, representing women in all their diversities, including women with disabilities, young women, Indigenous women and LGBTQI+ women, to challenge inequality, at home, in communities and the workplace. We fund and strengthen these movements and advocate for change alongside them.

Through our distinctive feminist partnerships approach, we create space for diverse women and groups to come together as one to demand meaningful change. We aim to balance power and ensure our partner organisations are central to our decision-making.

Since we began over 30 years ago, we have worked with hundreds of women’s rights organisations and millions of women and their families to change lives and communities. We have influenced governments and other decisionmakers to commit to ending violence against women, enable women to gain economic independence and ensure their voices are heard.

Over the next decade the world around us will continue to change but our pursuit of equality and human rights for all remains unflinching.

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TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2023

Our Partners and where we work

Here’s a look at where we work with our partners.

*Afghanistan - we have a new strategy supporting women’s rights organisations and women human rights defenders in Afghanistan and in exile.

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TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2023

Our Achievements 2022 – 2023

At Womankind our Vision is… a world where all women, girls and people of all genders enjoy equal rights and freedoms and live with joy, choice and dignity.

Toward this Vision, we have a new Strategy 2030: Our Feminist Future. Under this strategy we will share power with partners, influence the agenda, resource the revolution, decolonise our practice and value our team.

We understand the lived experience of oppression relates to interconnected factors which are inseparable and complex. Further, that they are cross-cut by issues such as intersectionality, coloniality, suppression of civic space and climate justice. We continue to lever our expertise and track record in the thematic areas of gender-based violence, participation and leadership, and economic rights but are no longer bound by focus on these three themes alone. As a result we will no longer be using the three themes as shown currently in Note 6 of the financial statement.

Here are some examples of how we worked towards our new Strategy 2030: Our Feminist Future in 2022/23:

Share power with partners

Building an inclusive movement across the Ethiopia, Kenya and Uganda

Advancing Women’s Engagement: Strengthening Opportunities to Mobilise for Equality – (AWESOME) is a 5-year advocacy programme to support women’s movements in Ethiopia, Kenya and Uganda to work in partnership, be strengthened and more representative of diverse groups of women, with a focus on women with disabilities. In 2022, the programme moved into its second year working towards gender equality, advancing women’s participation and leadership and ending sexual and gender-based violence.

Kenya

Women Challenged to Challenge (WCC) and Federation of Women Lawyers Kenya (FIDA) had never worked together before AWESOME. Now the organisations work together and continue to strengthen each other’s capacities. For instance, WCC has supported FIDA to improve its accessibility practices and as a result FIDA translated materials for their events into braille for the first time in 2022. Meanwhile, FIDA held legals clinics for WCC’s constituents to improve their knowledge on their rights.

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TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2023

Ethiopia

In Ethiopia, Siqqee Women’s Development Association (SWDA) and Ethiopian Women with Disabilities National Association (EWDNA) now hold annual regional policy dialogues together, conducted an online panel discussion on Oromia television and are working together in their advocacy efforts to lobby policy makers. EWDNA are also providing support to SWDA for their accessibility and inclusion practices.

Uganda

In 2022, National Union of Women with Disabilities of Uganda (NUWODU) and Forum for Women in Democracy (FOWODE) worked together to conduct an annual policy forum at national level with over 100 participants.

Through AWESOME these diverse women's organisations are sharing resources with each other to collaborate on advocacy initiatives and to improve their accessibility and inclusion practices. AWESOME is funded by the Netherlands Ministry of Foreign Affairs (MoFA).

Collective action for change in Zimbabwe

In 2022/23, Womankind's partners Women’s Coalition of Zimbabwe (WCoZ) and Women in Politics Support Unit (WIPSU) continued to work collaboratively on the Collective Action to Realise Equality (CARE) project.

With funding from the CARE project, the women’s movement (through WCoZ) in Zimbabwe has expanded to three new rural areas over the last year - Seke, Zvishavane and Mount Darwin. In these areas, women are now coming forward to be active members of the coalition, driving narratives on economic equality and setting up savings circles to strengthen women’s economic rights.

As a result of women’s training through their chapters, WCoZ have also seen women wanting to form their own groups and run for political office in Wange & Zvishavane. In addition, 20 women in Binga are now organising to address wildlife conflict in their area.

Advocacy initiatives and consensus building as part of CARE led to WCoZ successfully petitioning parliament to implement the recommendation of the CEDAW* committee on Act 8 on trafficked persons. WCoZ demanded that the government provide an update on whether there is a new action plan on combatting trafficking since the last one expired in 2019. As a result, 0the Ministry of Home affairs launched a new action plan. This achievement shows the power, effectiveness and strength of the coalition’s work.

Funding for this project under Comic Relief’s POWER UP portfolio is also enabling Womankind to shift resources to and share power with CARE partners and the Zimbabwe women’s movement spaces they are part of more proactively and flexibly. In addition, CARE has influenced the women’s rights agenda through the successful advocacy work of the coalition. Because of this, the CARE project is also contributing to our second strategic goal, Influence the Agenda. This demonstrates the fluidity and interconnectedness of our work at Womankind in relation to our new strategy.

*The Convention on the Elimination of All Forms of Discrimination Against Women (CEDAW) is an international legal instrument that requires countries to eliminate discrimination against women and girls and promotes women's and girls' equal rights.

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Influence the agenda

For the 16 Days of Activism in 2022, Womankind drew attention to and voiced a call for action on the most extreme form of gender-based violence against women and girls: femicide.

We produced a global factsheet to raise awareness on femicide with statistics and calls to action for individuals, civil society organisations, funders and governments. We called for strengthened accountability by governments to address impunity for femicide and also engaged in cross movement strengthening by sharing information on the work of our partners on the issue.

Advocating for meaningful participation of women in the 2022 elections with Sankalpa

In the run-up to the 2022 elections in Nepal, Womankind funded Sankalpa to increase women’s participation in the elections, document obstacles to women’s electoral participation, ensure women candidates were informed about the roles and responsibilities of elected leadership and push for policies that would enable women’s participation in political life. Diverse women from each of the seven provinces of Nepal participated.

Following participation in Sankalpa’s capacity development programme, several elected women leaders launched policies in their constituencies to support women and enable their political participation. These policies included:

These policies broke down barriers and supported women to fully participate in political life.

Listening to diverse women and grassroots movements

At Womankind, we believe that in order for change to happen, voices from grassroots movements must be heard and listened to. Therefore, ensuring that the voices of diverse women are present and centred in international decision making and agenda setting spaces is a vital part of our influencing work. The UN Commission on the Status of Women (CSW) and the Sexual Violence Research Initiative (SVRI) Forum are two of these key spaces.

In March 2023, Womankind joined the six organisations in the AWESOME consortium –EWDNA, FIDA Kenya, FOWODE, NUWODU, SWDA, WCC – to jointly advocate at CSW67. At our joint event: Rural Girls’ and Women’s Feminist Movement Strengthening our partners shared their experiences of working with rural women from Ethiopia, Kenya and Uganda, from an intersectional feminist movement strengthening perspective with a global audience in the room.

The SVRI Forum provides a unique opportunity for collective learning on tackling violence against women and children. Through Womankind’s Her Voice Fund, five AWESOME consortium partners attended the forum in September 2022. Together, they advocated for disability centered inclusion in feminist movements that are working to end violence against women. Partners held events, chaired panels, met with survivors, practitioners, and activists from around the world and shared their vast expertise.

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TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2023

Holding the UK government to account

Over the last year, Womankind has worked to influence international development policies related to gender equality and women’s rights. We encouraged key state and policy actors to influence change through our response to the UK Government’s Women and Girls Strategy. We are part of key UK coalitions including The Gender and Development Network (GADN), Gender Action for Peace and Security (GAPS) and Bond, where we work together to influence UK government and the feminist narrative in UK international development work. Through this work, we have called for quality funding for and meaningful engagement with women’s rights organisations, centring a gender and human rights approach in the UK’s investment, trade, debt, and tax policies.

Resource the Revolution

Our third strategic goal is to resource the revolution with Womankind contributing financially to a feminist future. This goal means Womankind, our partners and allies working together to advocate for and attract quality funding for women’s rights and feminist action. It strives for more and more of our income to be unrestricted or flexible, channelled directly through flexible funds.

We can see this in action with our flexible funds: the Movement Strengthening Fund (MSF) and Her Voice Fund (HVF). Flexible funding means fewer restrictions and admin, giving the groups that receive the money more say in how they use it. It means less time spent on detailed proposals, budgets and reports, and more time tackling gender inequality.

Movement Strengthening Fund

Movement strengthening is at the very heart of Womankind’s work. The MSF has been designed to strengthen the relational dynamics of movements so that the resulting collective actions can be more impactful and sustainable. Here are three stories of change that highlight the intersectionality and inclusivity that underpin the feminist movement and how MSF is contributing to that.

In Zimbabwe, the MSF supported Deaf Women Included (DWI) to reach the most marginalised women with disabilities and centre them in their movement. DWI ran feminist and disability leadership seminars, created a documentary on women with disabilities and their inclusion in feminist movements. Additionally, they created materials on feminist theories and principles in sign language and Braille.

Minority Womyn in Action (MWA) used the MSF to strengthen their membership, leadership, and wellbeing structures. This meant that the movement for LGBTQI+ women and people could reach grassroots constituencies across Kenya.

The MSF supported National Indigenous Women’s Federation (NIWF) in Nepal to create and strengthen local committees and councils of indigenous women in 61 districts. Through the committees and councils, local indigenous women are now supported to know and demand their rights and become part of the national movement for indigenous women’s rights in Nepal.

Her Voice Fund

Her Voice Fund provides flexible funding to women’s rights and feminist organisations and activists in the Global South to resource advocacy work. The fund supports women’s rights organisations and informal groups to influence policy at local, national, regional and international levels. Here are three stories of what Her Voice Fund helped achieve in the last year.

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TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2023

In Ethiopia, Tarkanfi Sustainable Development (TSD) used HVF to address systemic and structural barriers that hinder girls’ education. TSD provided four high school girls’ clubs in Laga Tafo (in the Berk district) with media instruments to develop messaging around gender equality. This fed into their schools’ code of conduct and overall legal framework on sexual gender-based violence (SGBV). As a result, the members of the four clubs actively advocated for their rights with their schools’ administration, Parent Teacher Associations (PTAs) and communities. Girls from the clubs also started to advocate for other girls and wrote poems, dramas, and songs to communicate their messages on SGBV. School girls’ clubs from the four schools also travelled to rural communities to speak to young boys, girls, men and women about intersectional gender-based violence and how they can protect girls in their community. TSD and the four school champions are now advocating for the implementation of the code of conduct in all schools in the region by working with women’s right organisations. TSD brought together students, teachers and parents to work together collaboratively and creatively to address issues regarding SGBV and advocate in their communities. They truly got the voices of young women heard and have as a result created momentum for change.

Through HVF, Women and Land Zimbabwe’s (WLZ) have achieved real, tangible results in supporting women to know and claim their right to land. WLZ conducted ‘Land for Her’ Campaigns in 10 districts to share information with rural women around their rights to land, resulting in building the capacity and confidence of women in Rural Women’s Assemblies (RWA) to demand control and ownership of land. This meant:

Alongside this, WLZ continued to mobilise rural women into forming solidarity groups for movement building, resulting in the formation of 387 RWAs with an average of 20 women in each. These RWAs have become referral points for women’s issues and are being recognised by the traditional leaders. Through the RWAs, some women have begun to take up leadership positions in decision making structures and are demanding accountability in natural resources management.

WLZ also:

Movement building through Rural Women's Assemblies has created a safe space for women to come up with solutions and alternatives, for learning and sharing of skills and knowledge and this has resulted in a review of the policy on land.

In Amudat, Uganda, Maendeleo Ya Wanawake used their HVF grant to strengthen implementation of laws around and accountability for female genital mutilation (FGM), gender-based violence (GBV) and education. Maendeleo drafted two laws on GBV and education which were adopted by the District Council and then approved by the Minister for Local Government.

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TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2023

The education law calls for all children of school attending age go to school. Following this law being used as an advocacy tool, there is evidence of a marked increase in enrolment in primary schools in the district. Maendeleo also conducted community dialogues about the two new laws, reaching a total of 402 community members.

In addition, Maendeleo held a dialogue with 35 representatives of the local government and civil society. This aided clear understanding of the root causes of patriarchy and drivers of harmful practices like female genital mutilation (FGM), child marriages, alcoholism and illiteracy that contribute to GBV in the district. Participants in the dialogues committed to working collaboratively to advocate for ending harmful practices and promote education as an alternative rite of passage for girls, instead of FGM. The project also built strong alliances between community leaders which was a great achievement in advocacy towards ending child marriages and FGM.

Decolonise our practice

At Womankind, we are constantly learning, adapting and growing with humility as a feminist, anti-racist organisation working to decolonise our practice. This work underpins our strategy to 2030 and our vision of a feminist future.

For over 30 years, we’ve worked at heart of the feminist movement. We are much more than an intermediary between donors and grassroots women’s rights organisations. We recognise our privilege and history as an organisation based in the Global North. We use our position to advocate for changes to policies and mobilise funds internationally, while championing and centring the priorities of our partners.

Anti-racism is intrinsic to how we work. We are deepening and extending our decolonisation work, diversifying decision-making and reimagining power relationships & accountability.

What does this look like in practice?

As an organisation, we are deliberate on moving from paper to action by daring to confront our own structures, mindset, and blind spots. While we realise that this is a challenging journey, we are keen on embracing uncomfortable truths, having difficult conversations, and acknowledging our weaknesses as we forge on.

The road to structural change is not a journey we can walk alone. We are working with experts, organisations and individuals who specialise in anti-racism and decolonisation, together navigating historical practices to dismantle racism. This requires constant learning and as a feminist organisation we have rolled out regular sessions to unpack topics around colonialism, racism, and true solidarity with the movement.

Co-creation has been key in the execution of our anti-racism pledge together with staff, partners, and trustees. We have strived to ensure that our anti-racism pledge is owned by everyone and captures our shared aspirations and vision.

We have launched two flexible funds – Her Voice Fund and Movement Strengthening Fund to power grassroots movements. When it comes to our partners, we strive to share power and share risks, value partners' expertise and together, build a decolonised, feminist future.

In our policy and advocacy work, as feminist practice, we emphasise our support role. This includes sharing space and power intentionally when engaging and working alongside partners. For example, in the development of reports and research, flexible funding, how we provide programme and project support, how we show up to key policy and advocacy spaces such as CSW67, the African Commission on People and Human Rights (ACPHR) and Feminist Republik.

We will continue to re-evaluate and develop new ways of working that are more aligned with a transformative justice approach and feminist values. We hope that our decolonisation and anti-racism work over the coming years will enable us to be part of a movement towards systemic healing, justice and a more equitable world. Because as we know, there is no gender justice without racial justice.

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Value our team

By 2030, our goal is to have a diverse, international Womankind team that is living out our feminist, anti-racist and inclusive values within and outside our organisation. We acknowledge the trauma and stress of oppression and challenge the culture of burnout. Personal health and wellbeing has equal importance alongside effective and dedicated service to the cause.

This year, team members across Womankind committed their time to nurturing our organisational culture and colleagues have been supported to work together remotely and internationally.

Self and collective care are crucial to powering our feminist work. We have been prioritising wellbeing in a number of ways. We continue to challenge ‘traditional’ ways of working informed by capitalism’s push towards unrealistic productivity and ensure our policies consider the daily realities of employees lives.

Fundraising Performance

2022-23 was the first year of our Financing Strategy 2022-27 (developed with colleagues, partners and trustees) which aims to build a stable and diverse income base for Womankind with more unrestricted, core, flexible and long-term funding to reach our partners. This strategy also aims to build our partners’ knowledge, contacts and experience of fundraising so that they can better access more long-term quality funding directly, themselves. In addition, we are striving for our fundraising to be anti-racist and to ensure that we are not portraying the people we and our partners work with and for as victims.

In the last year we were proud to have convinced a number of trusts and foundations, individual donors and corporate donors how crucial long-term, core and flexible funding are to the sustainability of women’s rights organisations and women’s movements. A growing number of supporters chose to commit to Her Voice Fund - a flexible fund which gives women’s rights organisations the power to prioritise and resource the advocacy work which is rarely funded but can get laws and policies changed to improve women’s rights.

We were heartened by recruiting new supporters to join Womankind through our new digital fundraising campaign which led with a bolder message of working alongside feminist movements and resonated well.

We made the most of In-person spaces such as Sexual Violence Research Initiative (SVRI), Reimagining Pan-African and Feminist Philanthropies and the Commission on the Status of Women (CSW) to start to engage existing and prospective donors around our new strategy.

We exceeded all expectations thanks to the generosity of guests on the night and raised over £1.2million for Womankind and our partners’ work at our annual International Women’s Day fundraising Gala event in March 2023.

However, the cost-of-living crisis coupled with humanitarian crises around the world, have impacted on responses to some of our requests for support both to individuals and trusts and foundations with many understandably, either scaling back on their giving or prioritising urgent and desperate situations. In the year ahead we aim to work closely with our communications colleagues and our partners to strengthen our story telling so that when donors feel able to give again they can see clearly how their support can impact women’s rights organisations and feminist movements.

We were inspired and heartened throughout the year by the generosity, initiative and commitment of all our supporters, agreeing to stand alongside Womankind and our partners.

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TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2023

Financial Review

The Charity achieved total unrestricted and restricted income of £5,694,576 (2021-22: £5,919,327). The decrease in the year was mainly due to a reduction in income from Statutory sources as one of the projects funded by The Foreign and Commonwealth Development Office (FCDO) finished last year as well as a more predicted amount of unrestricted legacy income – the previous year had seen significantly larger donations from gifts left in wills to Womankind which is not something we can predict or replicate year on year.

Our principal funding sources are diverse and include donations from individuals, legacies, trusts and foundations, and companies, as well as key grants from the Netherlands and UK Governments and institutions including Comic Relief.

56% of all income received in 2022-23 was unrestricted compared to 59% in 2021-22.

Our expenditure for the year was £5,092,244 (2021-22: £4,230,593).

The charity continues to focus on delivering more for our partners and monitoring its cost base and resources to ensure spending is in line with income forecasts.

Fund balances at the end of the year amounted to £5,322,055 (2021-22: £4,707,577). Unrestricted funds amounted to £4,919,283 (2021-22: £4,185,578) and restricted funds amounted to £402,772 (2021-22: £522,000).

Reserves Policy

Womankind is a charity financed mainly by donated income. By its nature, the income is variable as the propensity to donate is affected by many factors outside the control of the charity. The Trustees therefore review the reserves regularly to ensure that there are adequate funds to enable us to:

The charity operates within a Reserves Policy which is reviewed as part of the charity’s budgeting and planning processes. Our current policy is defined as between 3 to 6 months of planned expenditure. For the year 2023/24 this equates to a range of £576,478 to £1,152,957. Trustees agreed that Womankind should hold reserves in the range of £650,000 - £1,200,000.

The Trustees consider that a sufficient level of free reserves for the organisation is between £650k and £1.2 million of unrestricted expenditure. The position will be considered annually to ensure that reserve levels remain relevant to the operating environment of the charity.

Free reserves represent unrestricted general funds, excluding restricted and designated funds. Our free reserves as at 31[st] March 2023 are therefore valued at £1,279,137 (2021-22: £1,423,027). Trustees are confident that the charity continues to be solvent.

Designated Funds

In 2018/19 the Charity received a very generous legacy of over £2m from a supporter. It was agreed by the Board of Trustees that these funds would be held in a separate, designated fund. These funds are designated for specific use in advancing Womankind’s strategic priorities. The Board has agreed that future legacies that exceed £100K will continue to be added to the pool of designated funds and to be similarly allocated for the same purposes. In addition, the trustees agreed that funds at the year-end above £1.2m in General Fund will be transferred to Designated Funds.

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TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2023

During the year Womankind spent total of £272,961. This includes £101,931 on the Movement Strengthening Fund, £9,077 in core support to the Afghan Women’s Resource Centre (AWRC), £126,768 on Her Voice Fund.

The Board of Trustees approved a list of projects to build momentum behind Womankind’s new strategy to 2030 and must, in the main, be transferred to our Partners. A small proportion of our designated fund may be approved for use to strengthen Womankind organisationally, including in relation to sustainability.

A proposal to spend designated funds is prepared by the Senior Management Team and approved by the Board at the time of approving budget for the year. A list of projects funded from the designated funds is noted under note 17 of the financial statement.

At 31[st] March 2023 the total designated fund was £3,640,146 (2021-22: £2,762,550).

Investment Policy

The board reviewed the cashflow requirement of the Charity and approved to move £1.2m which was held in the deposit account to invest in the Ethical Funds managed by CCLA. Womankind has undertaken due diligence on investment options and have selected CCLA to be our investment managers. CCLA is an ethical investment house. The investment policy has been reviewed during the year.

Foreign Exchange Policy

It is our policy to hold funds in the currency in which those funds will be transferred to partners and therefore we do not hedge against currency fluctuations or currently attempt to predict movements in exchange rates.

Future Plans

At Womankind our Vision is… a world where all women, girls and people of all genders enjoy equal rights and freedoms and live with joy, choice and dignity.

Toward this Vision, we have a new Strategy 2030: Our Feminist Future. Under this strategy we will share power with partners, influence the agenda, resource the revolution, decolonise our practice and value our team.

Here is a summary of our key plans for 2023-24:

Share power with partners. Womankind’s partnerships share power and resources with diverse feminist organisations and movements

We will enter into at least 3 new partnerships with women's rights organisations in Afghanistan and be actively supporting them to develop and deliver their priorities. The Afghanistan strategy and approach is part of our commitment to Women Human Rights Defenders (WHRDs) and differs from other focus countries due to the need to continually adapt to challenging circumstances.

We will launch a new round of the Movement Strengthening Fund (MSF) and strengthened knowledge and learning to inform the next cycle.

We will agree a process and make Strategic Grants to partners that are fully flexible and offered within the parameters of Womankind's charitable objects.

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We will deliver successful and compliant programme management for our diverse projects portfolio including large scale initiatives such as the Advancing Women’s Engagement: Strengthening Opportunities to Mobilise for Equality (AWESOME) project funded by the Netherlands Ministry of Foreign Affairs as well as smaller pilot projects that build evidence and learning and can act as catalysts for future work. Programmes are at the core of Womankind's work and existence and will continue alongside accompaniment to partners. We aim that partners and grantees report an improvement in their experience of working with Womankind.

We will have successfully implemented first year activities related to the Feminist Partnerships sub-strategy including the finalisation of Womankind's new principles of partnership and work to ensure that core documents are available in languages other than English providing direct access to wider audiences including audiences with disability access issues.

Influence the agenda. Womankind influences a transformative, feminist agenda for change, in solidarity with movement partners and allies

We will consolidate learnings from Her Voice Fund grant-making to improve our own trust-based grant-making as well as to influence funders and the wider donor community to fund feminists and women’s rights organisations more flexibly with more quality funding.

We will put out a call for proposals for Her Voice Fund Cycle 3 through which we will make grants to at least 12 partner women’s rights organisations and informal groups in our focus countries during this period.

We will develop a research paper showing the interconnection between autonomous funding and autonomous voices with the aim of launching it in late 2024.

We will need to recruit Her Voice Fund Manager dedicated to run the fund and lead its learning for the above plans to be fully executed.

We will develop and implement the ILO 190 campaign in collaboration with the AWESOME project partners in Ethiopia, Kenya and Uganda.

Resource the revolution. Womankind contributes to ‘resourcing the revolution’, with core and flexible funding

We will recruit a Resource Advisor to support fundraising for partners in East Africa, under an 18 month pilot.

We will work alongside our International Women’s Day Gala Committee to develop a sustainable and well-resourced plan for a successful Gala event in March 2024.

We will set up a Fundraising Board, host an in-person donor event to meet existing and new donors, corporates, and trusts and foundations, with a focus on flexible funding.

We will develop and test a new individual donor recruitment product to reach a new supporter base that is closely aligned to Womankind’s values.

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Decolonise our practice. Womankind learns, adapts and grows with humility as a feminist, anti-racist organisation working to decolonise our practice

We will start to implement our Communication Sub-strategy where people are not victims of their situations but hold the power to bring transformational change in their contexts and communities, our language will challenge the way women, girls and people of all genders are portrayed, we will work in collaboration with partners from the selection and shaping of stories to being part of the decision-making in storytelling. We will also strive to ensure that all our external facing communications are accessibility friendly and inclusive. This includes our website and social media through audio versions of web content, ALT imagery on social media, closed captioning in virtual events and sign language interpreters in key products such as videos and documentaries.

We will work to ensure our staff and trustees who identify as black and / or people of colour feel valued and have a positive experience of being part of Womankind through actions in our anti-racism pledge and ongoing work through our Organisational Culture Working Group.

We will develop a Womankind Code of Conduct in support of feminist, anti-racist behavioural expectations and norms and set up a process to support resolution in relation to racist behaviours, including racial related microaggressions.

We will conclude our work to ensure equitable terms and conditions for international staff.

Value our team. A diverse, accountable inspired Womankind team that lives its values

We will implement our Hybrid and Flexible Working Policy with a forward-looking, adaptive and learning mindset toward becoming a feminist organisation in which all staff are valued and flexibility and wellbeing are prioritised.

We will develop a Wellbeing Strategy for all staff which offers opportunities and options to support wellbeing and is suitably resourced.

We will continue to strengthen our work on organisational culture through our Organisational Culture Working Group initiatives and our bi-annual Feminist Futures Week where staff from all locations connect in person to build strong working relationships.

How Womankind is run

Management and Governance Structure

Womankind Worldwide is a charitable company limited by guarantee. It was incorporated on 13[th] July 1989, and registered as a charity on 25[th] July 1989. In November 2013, the Board of Trustees revised and approved the Articles of Association.

A Board of Directors (the trustees) governs Womankind Worldwide. The Board is responsible for the overall policies and strategic direction of the charity, along with its financial and legal probity and appointment of trustees. They prepare and approve the Annual Report and financial statements in accordance with UK accounting standards and to comply with FRS102 Charities Statement on Recommended Practice.

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The Board met 4 times in 2022-23. These meetings were conducted as hybrid meetings combining some in-person attendance with participation by video link, on Zoom. Day-to-day operational management is delegated to the Chief Executive, supported by the Senior Management Team. There is one committee, the Finance & Resources Committee (FRC), chaired by the Honorary Treasurer. The FRC meets quarterly to consider policy, review progress against targets and undertake an assurance and monitoring role, ultimately making recommendations to the Board. It reviews financial controls, risk, investment and reserves policies regularly and oversees the audit process. Trustees are also called upon by the staff when their own particular skills, experience and expertise is useful to operational activities and during the 2022-23 year have been fully involved in the ongoing development of new organisation strategy.

Recruitment, induction and training

New trustees are recruited through open advertisement. All trustees are interviewed to ensure that the Board has the balance of skills and experience required to govern the charity and oversee delivery of the organisation’s vision, mission and strategic aims. This includes the recruitment of trustees based in our focus regions, in recognition of the importance of expertise and experience from the Global South in the governance and direction of the charity. This will become even more important as we carry on implementing our new strategy to 2030. New trustees have a full induction which includes meeting key staff members and familiarisation with key policies. They also undergo additional training for example on charity governance, safe-guarding and financial scrutiny.

Remuneration policy

Pay for all staff, is reviewed annually based on UK cost-of-living data. In 2022-23, an extensive benchmarking exercise was carried out based principally on XpertHR benchmarking data on salary and benefits for charities registered in the UK, in order to ensure that Womankind’s salaries at all levels were fair, in relation to the sector. Womankind’s salary scales are based on this data for every level of employee, including the key management personnel consisting of the Chief Executive Officer and Senior Management Team. This benchmarking exercise will next be undertaken in 202526 including considering how to benchmark for salaries of staff based outside the UK, to ascertain whether Womankind’s salaries have remained fair, equitable and competitive and to indicate and make adjustments to our pay scales where necessary.

Wider network

In June 2014, the Charity Commission directed that the charity called Women at Risk (‘the linked charity’) be treated as forming part of Womankind (Worldwide). The effect of this link means that this single set of accounts includes balances and transactions for Women at Risk. Women at Risk does not undertake any operations and any donations made to Women at Risk are included in Womankind (Worldwide) unrestricted income.

Womankind Worldwide Inc. is Womankind Worldwide’s sister organisation based in the US which holds 501(c)3 status. A Board of Directors (who are US citizens), governs Womankind Worldwide Inc. and they are supported by a Company Secretary. They use the Womankind (Worldwide) logo and licence to fundraise in the US for Womankind (Worldwide)’s work, allowing US citizens to support our work tax-effectively. Womankind Worldwide Inc. files annual tax returns to the Internal Revenue Service.

Public Benefit Statement

Womankind (Worldwide)’s objectives, as set out in its Memorandum and Articles, are to:

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and women throughout the world.

In reviewing our aims and objectives and in planning our future activities, the trustees confirm that we have referred to the Charity Commission’s guidance on public benefit. In particular, the trustees consider how planned activities will contribute to the aims and objectives of the charity. Details of activities to further public benefit are set out throughout this report.

Risk Management

Risk management is an integral part of the governance of the charity. We take care to understand and address key risks in order to mitigate and manage their likelihood and impact. Risk registers are kept which log principal risks and steps taken to mitigate them at different levels of the organisation. Larger projects each have their own risk register which captures, analyses and monitors mitigation of operational risks. The Senior Management Team risk register is reviewed quarterly by the Finance & Resources Committee, and the strategic level risk register by the full Board. In addition, the CEO gives an oral update to the Finance & Recourses Committee and Board each quarter, for their review and input. The Senior Management Team considers major risks and mitigating actions on an ongoing basis, as part of their decision-making.

The following high-level risks were identified and are managed through this process:

  1. Risk that our strategy does not deliver demonstrable impact. This would lead to reputational damage, loss of confidence of key stakeholders in our focus countries and internationally, and failure to replicate and expand our activities.

This risk was mitigated by maintaining a clear, well documented evidence base relating to our theory of change, investing in technical development inputs to our projects and maintaining a strong focus on learning. As well as validation by the external evaluation of our previous strategy and consultation for the new strategy, most importantly with our Partners, our new strategy has been well received by our stakeholders.

  1. Political context in the UK including in relation to changes in UK international development policy - and decline in the UK economy, reduces income from traditional funding sources.

  2. We have developed a new Financing Strategy 2022-27 aligned to our new organisational strategy, which focuses on stability and diversification of income rather than growth. Through the strategy we are working to build relationships with other statutory and institutional donors as well as investing in growing our online supporter base.

  3. Risk to beneficiary wellbeing as a result of inadequate vulnerable adult and/or child protection in our partnership programmes. This could lead inter alia to serious harm to vulnerable adults and/or children, legal action and reputational damage.

We review our safeguarding and safeguarding related policies and procedures annually and undertake awareness raising and training for staff and trustees, in order to mitigate this risk. We also provide support on policy and practice in relation to safeguarding to our partners in the global south.

  1. Risk of regulatory or legal action due to failure to comply with legislation. This could lead to loss of confidence by partners, donors, staff and other stakeholders.

We have developed a medium-term Financial Management Strengthening Plan in order to monitor uptake of recommendations made by our Auditors and strengthen our systems and processes in line with the requirements of our new strategy. This plan is regularly monitored and adapted by the Senior Management Team and the Finance & Resources Committee of the Board of Trustees. In relation to non-financial risk, we routinely monitor developments in fundraising regulation, data protection and Charity Commission requirements, in order to assure

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compliance, as well as legal requirements such as those pertaining to intellectual property and employment law, for example. In relation to updates and changes regarding international staff employment, we seek legal and HR advice to determine a course of action to remain compliant.

  1. Risk to reputation by association when diversifying our income sources (individuals and organisations) who may not be well aligned with our values. This could result in negative media and publicity affecting key supporter groups and in turn to withdrawal of funding and other forms of support.

To mitigate this risk we review our due diligence policy and process annually, assessing potential donors and partnerships against our ethical policies and values and against external risks. This approach will be reviewed in depth as we implement our anti-racism pledge, Funding Charter and Financing Strategy, in order to meet the needs of new organisation strategy 2022-2030.

Grant Making Policy

For Womankind’s grants to partners that are from restricted funds there is an agreed framework and budget in place following detailed assessments of the projects. For Womankind’s grants to partners that are from our designated fund (unrestricted funds designated by the board of trustees for specific use in advancing our strategic priorities) we aim to make the grants as flexible as possible, in line with best practice guidance on flexible funding for women’s rights organisations and in line with our strategic goals to share more power with partners and decolonise our practice.

In all cases, before making a grant, Womankind completes an appraisal of the project or work and the proposed partner organisations, including in relation to due diligence. This ensures that there is a good strategic fit between Womankind and the partner, and that the project objectives are consistent with shared principles and reflect a coherent initiative, which is cost-effective in bringing the intended impact. Grants are managed through specific agreements with partners, which set out the conditions of the grant, including narrative and financial reporting requirements and when disbursements will happen.

The use of Womankind’s designated fund for more flexible funding such as our Movement Strengthening Fund and Her Voice Fund in 2022/23 has enabled Womankind to support feminist organisations and networks to work flexibly and strategically according to the needs of their local context and the individuals and communities they serve, without projectised restrictions. It also helps Womankind to generate an evidence base for more flexible funding models which can be leveraged to advocate with our own funders and other grant-makers in the sector.

Womankind’s approach to fundraising

Our supporters are an integral part of Womankind’s community - in terms of their financial support and the role they play in sharing our values, spreading the word and challenging us to work in a more feminist way. We are committed to being fully transparent and accountable about how their generous gifts are used.

Alongside our commitment to supporters, Womankind also wants to ensure that our fundraising and financing is antiracist and that we are not perpetuating international development stereotypes that portray people in the countries where we focus our work as victims or without agency. We have therefore put together a Funding Charter to guide our aspirations for our fundraising and financing to ensure we meet our feminist, anti-racism and decolonising aims.

We are registered with the Fundraising Regulator and follow the Code of Fundraising Practice, including the policy on dealing with vulnerable people.

We keep up to date on changing regulation and ensure we comply with it by changing processes where necessary. We welcome feedback from supporters and regularly use it to improve our fundraising.

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WOMANKIND (WORLDWIDE)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2023

In the year ending March 2023 we worked with 2 fundraising agencies and with 6 consultants on particular fundraising initiatives. We worked closely with all these consultants to ensure they adhered to the Code of Fundraising Practice and the policy on dealing with vulnerable people. We received 3 complaints about our fundraising which we responded to in a timely fashion – this represents 0.0002% of all fundraising contacts made during the year.

During 2023 we received sponsorship for our Fundraising Gala event from Albacore Capital Group, Fitch Ratings, Goldman Sachs and Weil, Gotshal and Manges LLP. We also continued our long term corporate partnership with OptiBac Probiotics and received donations as a result of sales of their ‘For Women’ probiotic.

Statement of Trustee Responsibilities

The trustees, who are also directors of Womankind Worldwide for the purposes of company law, are responsible for preparing the Annual Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS102, the financial reporting standard applicable in the UK and Republic of Ireland.

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 these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that 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.

Disclosure of information to auditors

So far as each of the trustees is aware at the time the report is approved.

There is no relevant audit information of which the charitable company's auditors are unaware and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

Guarantees

Members of the charitable company (the trustees) guarantee to contribute an amount not exceeding £1 to the assets in the event of winding up. The trustees have no beneficial interest in the charitable company.

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Auditors

The auditors, Haysmacintyre LLP. Will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Small companies note

The report of the trustees has been prepared in accordance with the special provisions applicable to companies subject to the small companies’ regime, provided by section 415A of the Companies Act 2006.

Approved by the trustees on 28[th] September 2023 and signed on their behalf by:

twasiima bigirwa

J.Jones

Twasiima Bigirwa – Co – Chair

Jenny Jones – Honorary Treasurer

23

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF WOMANKIND (WORLDWIDE)

Opinion

We have audited the financial statements of Womankind Worldwide for the year ended 31 March 2023 which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows 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, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (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 Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’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 Trustees’ Annual Report. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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:

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF WOMANKIND (WORLDWIDE)

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 Trustees’ Annual Report (which incorporates the directors’ report).

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

Responsibilities of trustees for the financial statements

As explained more fully in the trustees’ responsibilities statement set out on page 16, 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.

Auditor’s 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 an auditor’s report 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the group and the environment in which it operates, we identified that the principal risks of noncompliance with laws and regulations related to charity and company law applicable in England and Wales and fundraising regulations, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and the Charities Act 2011.

We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to fraud in income recognition and management override of controls. Audit procedures performed by the engagement team included:

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF WOMANKIND (WORLDWIDE)

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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 Auditor's 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.

Vikram Sandhu (Senior Statutory Auditor) For and on behalf of Haysmacintyre LLP, Statutory Auditor

10 Queen Street Place London EC4R 1AG

Date: 13 December 2023

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Womankind Worldwide

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2023

Note
Income from:
Donations and legacies
2
Charitable activities
3a
Other trading Activities
3b
Investments
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
Eliminating Violence against Women
5
Increasing Women's Civil & Political Participation
5
Economic Empowerment
5
Total expenditure
7
Net movement in funds
Transfer between funds
17
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Net income / (expenditure) for the year
Unrealised Gain on Investment		 Unrestricted
Restricted
2023
Unrestricted
Restricted
2022
£
£
£
£
£
£
2,893,401
524,078
3,417,479
3,271,808
259,768
3,531,576
-
1,982,955
1,982,955
-
2,122,060
2,122,060
278,500
-
278,500
265,000
265,000
15,642
-
15,642
691
-
691
3,187,543
2,507,033
5,694,576
3,537,499
2,381,828
5,919,327
1,116,583
-
1,116,583
1,135,271
-
1,135,271
590,608
1,046,193
1,636,801
435,134
911,823
1,346,957
740,860
1,312,348
2,053,208
478,121
997,755
1,475,876
103,072
182,580
285,652
88,301
184,188
272,489
2,551,123
2,541,122
5,092,244
2,136,826
2,093,766
4,230,593
636,420
(34,089)
602,331
1,400,673
288,062
1,688,734
12,147
-
12,147
-
-
-
648,567
(34,089)
614,478
1,400,673
288,062
1,688,734
85,832
(85,832)
-
(110,982)
110,982
-
4,185,577
522,000
4,707,576
2,895,886
122,956
3,018,843
4,919,976
402,079
5,322,055
4,185,577
522,000
4,707,577

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 17 to the financial statements.

The Appended notes form part of these Financial Statements

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Womankind Worldwide

Balance sheet

Balance sheet
As at 31 March 2023 Company no. 0240121
Note
Fixed assets:
Intangible assets
12
Tangible assets
13
Investments
14
Current assets:
Debtors
15
Cash at bank and in hand
Cash at bank Women at Risk
Liabilities:
Creditors: amounts falling due within one year
16
Net current assets
Total net assets
The funds of the charity:
Restricted income funds
18
Unrestricted income funds:
18
- Designated funds
- General funds
Total unrestricted funds
Total charity funds		 £
1,152,803
5,064,233
33,265
6,250,301
(2,154,643)
3,640,146
1,279,830		 2023
£
£
-
14,250
1,212,147
1,226,397
1,735,625
4,782,376
14,308
6,532,310
(1,851,107)
4,095,658
5,322,055
402,079
2,762,550
1,423,027
4,919,976
5,322,055		 2022
£
12,576
13,799
-
26,375
4,681,202
4,707,577
522,000
4,185,577
4,707,577

The financial statements of Womankind Worldwide have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved and authorised for issue by the trustees on 28 September 2023 and signed on their

twasiima bigirwa

Twasiima Bigirwa� Co Chair

J.Jones

Jenny Jones Honorary Treasurer

28

Womankind Worldwide

Statement of cash flows

For the year ended 31 March 2023

Note
19
Purchase of investments
20
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Change in cash and cash equivalents in the year
Cash flows from operating activities
Net cash provided by investing activities
Net cash provided by operating activities
Cash flows from investing activities:
Interest from investments
Purchase of fixed assets
Loss on disposal of fixed assets		 £
£
£
£
1,492,921
1,274,146
15,642
691
(1,200,000)
-
-
858
(7,749)
-
(1,192,107)
1,549
300,814
1,275,695
4,796,684
3,520,989
5,097,498
4,796,684
2023
2022		 £
£
£
£
1,492,921
1,274,146
15,642
691
(1,200,000)
-
-
858
(7,749)
-
(1,192,107)
1,549
300,814
1,275,695
4,796,684
3,520,989
5,097,498
4,796,684
2023
2022
1,275,695
3,520,989
4,796,684

29

Womankind Worldwide

For the year ended 31 March 2023 Notes to the financial statements

1 Principal Accounting policies

Basis of preparation

Womankind Worldwide is registered in England and Wales with registered office address of Wenlock Studios, 50-52 Wharf Road London, N1 7EU.

The Company registration number is 02404121 and the Charity number is 328206.

These financial statements are prepared on a going concern basis, under the historical cost convention.

The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Company is a public benefit entity for the purposes of FRS 102 and a registered charity established as a company limited by guarantee and therefore has also prepared its financial statements in accordance with the Statement of Recommended Practice (SORP 2019) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (The FRS 102 Charities SORP) and the Companies Act 2006. The financial statements have been prepared in pound sterling, which is the functional currency of the charity. Monetary amounts in the financial statements are rounded to the nearest pound.

Going Concern

The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charitable group to continue as a going concern for the forseeable future.The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular, the trustees have considered the charitable company’s forecasts and projections and have taken account of pressures on donations as well as income levels received to date in the financial year 2022-2023. After making enquiries the trustees have concluded that there is a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties which would affect the going concern status of the Charity. The charitable company therefore continues to adopt the going concern basis in preparing its financial statements.

The principal accounting policies adopted in preparation of the financial statements are set out below.

All income is included in the consolidated SOFA when the charity is legally entitled to it, receipt is probable, and the amount can be measured with sufficient reliability. All income is classified between restricted and unrestricted.

Grants supporting the core activities of the charity and with no specific restrictions placed upon their use are included within Grant income. Grants are credited to the SOFA when the charity is entitled to the funds. Entitlement to grants income maybe subject to performance conditions in which case it could be classified as performance related grants and recognized when performance conditions are met. Entitlement for projects for longer than a year, this will be assessed by the targets set up in the grant application.

Income is only deferred where there are time constraints imposed by the donor. For the performance related income or if the funding is performance related. Where entitlement to grants receivable is dependent upon fulfilment of conditions within the charity’s control, the income is recognised when there is sufficient evidence that conditions will be met.

b) Revenue Grants Revenue grants including government grants are credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless they relate to a specific future period, in which case they are deferred.

Designated funds

Designated funds are unrestricted funds that are earmarked for a particular purpose by the trustees. The notes to the accounts explain the purpose of designated funds at the discretion of the trustees in furtherance of the objects of Womankind Worldwide.

f) Expenditure

Expenditure is recognised in the period in which it is incurred, on an accruals basis. Expenditure includes attributable VAT which cannot be recovered. Expenditure is allocated to the activity where the cost relates directly to that activity. Costs of charitable activities include direct expenditure incurred through grants to partners and operational activities together with associated support costs. Charitable expenditure is reported as it relates to work undertaken by the charity, being supporting partners to deliver the objectives of the charity.

Grants are recognised as per the Grants Payable policy.

The costs of raising funds relate to the costs incurred by the charity in raising funds for the charitable work.

Support costs include the management of the charitable company's assets, organisational management and compliance with constitutional and statutory requirements and the requirements of good charity governance.

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

Governance costs and support costs have been allocated to expenditure on charitable activities based upon estimated staff time spent under each activity.

30

Womankind Worldwide

For the year ended 31 March 2023 Notes to the financial statement (continued)

Tangible Fixed Assets are recognised at cost less depreciation Office equipment and software assets are capitalised if their value is £750 or over.

Depreciation Depreciation is provided on office equipment at 25% on a straight line basis so as to write off the cost less estimated residual value of each asset systematically over its expected useful life. A full year's depreciation is charged in the year of purchase, regardless of the precise month in the year the asset was purchased.

Intangible Fixed Assets

Amortisation is recognised so as to write off the cost less their reduced values over their useful lives on the following basis:

Website costs - 5 years straight line

h) Pension

The charitable company contributes to a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable under the scheme by the charitable company to the fund. The charitable company has no liability under the scheme other than for the payment of those contributions.

Grants payable in furtherance of the charity’s objects are attributed to the related classification heading in the SOFA:

The projects are regularly monitored and reviewed. SMT retains the right to terminate grant commitments if they are not satisfied with the progress of the project during the monitoring and review process.

j) 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.

k) 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. Cash balances exclude any funds held on behalf of service users.

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

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at

m) Financial Instrument Womankind Worldwide holds basic Financial Instruments. The financial assets and financial liabilities of the Charity are as follows:

n) Employee benefit at termination Termination benefits, including redundancy costs, are recognised when the Charity has an obligation to pay the benefits and they can be measured reliably

o) Operating Leases Rentals under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term.

p) Critical estimates

In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements. In the view of the trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure.

31

Womankind Worldwide

For the year ended 31 March 2023 Notes to the financial statement (continued)

2 Income: 'Donations and legacies

2
Income: 'Donations and legacies
Individual Giving
3a
Policy and Advocacy
Government grants
Corporates
Major Donors
Others
Comic Relief
Income from Charitable Activities
Community and Events
Trusts and Foundations
Gift Aid
Legacies		 Unrestricted
£
200,840
291,540
2,107,871
21,259
212,298
-
18,456
41,136
-
2,893,401
Unrestricted
£
-
-
-		 £
9,885
-
38,052
-
91,622
108,381
22,000
254,138
-
524,078
£
-
1,982,955
1,982,955
Restricted
Restricted		 2023
Total
£
210,725
291,540
2,145,923
21,259
303,920
108,381
40,456
295,274
-
3,417,479
2023
Total
£
-
1,982,955
1,982,955		 2022
Total
£
329,525
1,000,717
1,777,430
24,524
168,403
52,766
38,500
139,711
3,270
3,534,845
2022
Total
£
-
2,122,060
2,122,060

Government Grants: During the year Womankind receievd:

1) The Netherlands: Strategic Partnership Strengthening Civil Society Power of Women Partnership fund £1,854,338 (2022: £1,887,966) 2) UK Government (FCDO) grants for PAVE: Participation and Voices for Excluded Women in Nepal £128,617 (2022: 107,194) There were no unfulfilled conditions relating to these grants.

3b Income from Trading Activities

3b
Income from Trading Activities
4.
Investment Income
GALA Event		 Unrestricted
£
278,500
278,500
Unrestricted
£
15,642
15,642		 £
-
-
£
-
-
Restricted
Restricted		 2023
Total
£
278,500
278,500
2023
Total
£
15,642
15,642		 2022
Total
£
265,000
265,000
2022
Total
£
15,642
15,642

NOTE: See Note 23 for comparative analysis of Prior year income and expenditure

32

Womankind Worldwide

Notes to the financial statements

For the year ended 31 March 2023

5. Analysis of expenditure

Analysis of expenditure
Staff costs (Note 8)
Direct Charitable Staff costs (Note 8)
Direct costs -Grant Payable (Note 6)
Direct costs - Others
Staff Related Costs
Premises and Office costs
Organisational Development
Gains and Losses on Forex
Audit and Accountancy
Depreciation
Support costs
Governance Costs
Total expenditure 2023
Total expenditure 2022		 Cost of raising
funds
£
353,538
-
-
552,010
-
23,295
19,225
-
-
-
948,068
21,913
146,602
1,116,583
1,135,271		 Charitable activities Economic
Empowerment
£
44,223
9,103
166,104
17,793
-
2,914
2,405
-
-
-
242,542
5,606
37,505
285,652
272,489		 Governance
costs
£
89,883
-
-
5,280
12,833
5,923
4,888
(61,545)
22,800
19,876
99,937
(99,937)
-
-
-		 Support costs
£
299,109
-
-
128,408
205,096
19,709
16,265
-
-
-
668,587
-
(668,587)
-
-		 2023
Total
£
1,374,294
130,041
2,292,315
931,248
217,929
90,555
74,731
(61,545)
22,800
19,876
Eliminating
Violence
£
259,023
53,317
945,049
101,233
-
17,068
14,085
-
-
-
1,389,774
32,123
214,904
1,636,801
1,346,957		 Political
Participation
£
328,517
67,622
1,181,162
126,525
-
21,647
17,864
-
-
-
1,743,337
40,295
269,576
2,053,208
1,475,876
5,092,245
-
-
5,092,244
4,230,592

33

Womankind Worldwide Notes to the financial statements For the year ended 31 March 2023

Note 6: Grant Making

Afghanistan
Afghan Women’s Resource Center
ETHIOPIA
Association for Women’s Sanctuary and Development (AWSAD)
Centre for Accelerated Women’s Economic Empowerment (CAWEE
Siiqqee Women’s Development Association (SWDA)
Global
AWESOME
Her Voice Fund
Movement Strengthening Fund
KENYA
Polycom Development Project
Young Women’s Leadership Institute (YWLI)
NEPAL
Feminist Dalit Organisation (FEDO)
NDWA
Sankalpa
WHR Nepal
UGANDA
Freedom and Roam Uganda (FARUG)
National Association of Professional Environmentalists (NAPE)
National Association of Women’s Organizations in Uganda (NAWOU)
Women's International Peace Centre (WIPC)
National Association of Women’s Organizations in Uganda (NAWOU)
ZIMBABWE
Women’s Coalition of Zimbabwe (WCoZ) inc WIPC
Grand Total		 Eliminating
Violence
Political
Participation
Economic
Empowerment
Total
2,996
2,996
3,086
9,077
498
249
249
996
-
-
37,470
37,470
1,635
1,635
13,083
16,354
693,264
693,264
1,386,528
53,259
53,259
54,873
161,391
33,637
33,637
34,657
101,931
27,393
-
-
27,393
10,000
-
-
10,000
-
18,363
7,870
26,232
51,327
-
-
51,327
-
26,387
-
26,387
10,000
-
-
10,000
14,573
-
-
14,573
-
14,816
14,816
29,633
(960)
-
-
(960)
-
167,655
167,655
47,426
-
-
47,426
-
168,900
-
168,900
945,048
1,181,162
166,104
2,292,315

34

Womankind Worldwide For the year ended 31 March 2023

7 Net (expenditure) / income for the year

This is stated after charging / (crediting):

2023 2022
£ £
Amortisation 17,966 3,593
Depreciation 42,560 5,362
Trustees' reimbursed expenses -
Operating lease rentals: Property 59,396 74,043
Other 7,994 6,050
Auditors' remuneration (excluding VAT): 18,000 21,000
Foreign exchange (gains) or losses (61,545) 15,352

35

Womankind Worldwide

Notes to the financial statements

For the year ended 31 March 2023

Staff costs were as follows:

Staff costs were as follows:
2023 2022
£ £
Salaries and wages 1,283,227 952,200
Direct Charitable Staff Costs - 204,003
Social security costs 149,164 126,210
Employer’s contribution to defined contribution pension schemes 71,944 65,025
1,504,335 1,347,438
No Termination payments were made in the current year (2022: £6,513).
The following number of employees received employee benefits (excluding employer pension costs) during the year between:
2023 2022
No. No.
£60,000 -£69,999 - 2
£70,000 -£79,999 3 2
£80,000 - £89,999 1 -
£90,000 - £99,999 - -
£100,000 - £109,999 - -
Remuneration of Key Management Personel 2023 2022
£ £
Remuneration 439,002 410,243

The Key management personel is made up of the trustees and the senior management team, being the 4 directors of departments, and the CEO. The sum remunerated includes gross pay, employer's national insurance and employer's pension contributions.

Trustees reimbursed expenditure of £NIL (2022: NIL).

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2022: NIL). No trustees were paid for any services in 2023 (2022: NIL).

9 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was as follows:

Raising funds
Eliminating Violence Against Women
Increasing Women's Civil & Political Participation
Economic Empowerment
Support
Governance		 2023
2022
No.
No.
5.9
7.6
5.2
4.9
6.6
5.4
1.0
1.0
4.9
4.4
1.5
1.3
25.1
24.6

36

Womankind Worldwide

Notes to the financial statements

For the year ended 31 March 2023

10 Related party transactions

11 Taxation

The charity is considered to pass the tests set out in paragraph 1, section 6 of the Finance Act 2010 and meets the definition of charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxtion in respect of income or capital gains, to the exent that it is applied exclusively to charitable purposes.

12
Intangible Fixed Assets
Cost or valuation
At the start of the year
Additions in year Intangibles
At the end of the year
Amortization
At the start of the year
Charge for the year
At the end of the year
Net book value
At the end of the year
At the start of the year		 2023
Total
£
17,966
-
17,966
5,390
12,576
17,966
-
12,576

Intangible fixed asset costs relate to the creation of the charity's website.

13
Fixed assets
Cost or valuation
At the start of the year
Additions for the year
Disposal in the year
At the end of the year
Depreciation
At the start of the year
Charge for the year
Disposal in the year
At the end of the year
Net book value
At the end of the year
At the start of the year
14.
Investments
Market value at 1 April 2022
Additions in period
Unrealised gains on investmetns
At the end of the year
Historic cost of investments
All of the above assets are used for charitable purposes.		 2023
Furniture and
Fittings
Computer
equipment
Total
£
£
£
24,325
27,391
51,716
-
7,749
7,749
-
(2,655)
(2,655)
24,325
32,485
56,810
24,325
13,591
37,916
-
7,299
7,299
-
(2,655)
(2,655)
24,325
18,235
42,560
-
14,250
14,250
-
13,800
13,800
2023
Total
£
-
1,200,000
12,147
1,212,147
1,200,000

37

Womankind Worldwide

Notes to the financial statements

For the year ended 31 March 2023

15 Debtors

15
Debtors
Trade debtors
Other debtors
Accrued income
Prepayments
16
Taxation and social security
Trade creditors
Accruals
Accruals - Partners Advances
Accruals- Others
17
Analysis of net assets between funds 2023
Fixed assets
Current assets
Creditors: amounts due within one year
Net assets at the end of the year 2023
Analysis of net assets between funds (2022)
Fixed assets
Current assets
Creditors: amounts due within one year
Net assets at the end of the year 2022
Creditors: amounts falling due within one year		 General
unrestricted
£
1,226,397
324,666
(271,926)
1,279,137
General
unrestricted
£
13,799
1,688,874
(279,644)
1,423,029		 Designated
£
-
3,640,146
-
3,640,146
Designated
£
12,576
2,749,973
-
2,762,549		 2023
£
177,500
31,613
923,004
20,686
1,152,803
2023
£
77,939
136,355
1,882,716
57,632
2,154,643
Restricted
£
-
2,285,488
(1,882,716)
402,772
Restricted
£
-
2,093,463
(1,571,463)
522,000		 2022
£
109,085
18,234
1,593,660
14,646
1,735,625
2022
£
51,864
162,169
1,571,463
65,610
1,851,107
Total funds
£
1,226,397
6,250,301
(2,154,643)
5,322,055
Total funds
£
26,375
6,532,310
(1,851,107)
4,707,578

38

Womankind Worldwide

Notes to the financial statements

For the year ended 31 March 2023

18b
18a		 Corporate and Institutions
Women Leading and Succeeding in Sustainable Cooperatives ,
Ethiopia
Skills and Employment for Marginalised Young Women, Ethiopia
Safe spaces for girls and young women to challenge FGM, Kenya
Taking ACTION Against Sexual Harassment, Kenya
#My Dear Body, Kenya
Participation and Voice for Excluded Women in Nepal (PAVE)
Access to Justice, Nepal
Fostering Meaningful Participation of Women in elections , Nepal
Enhancing Feminist Leadership of Conflict Affected Women Groups
, Nepal
Rise Up: Mobilising women and girls to combat FGM & CEFM ,
Uganda
Women's Advocacy for Voice and Empowerment (WAVE II), Uganda
Phase 3 - Mobilising women and girls to combat FGM & CEFM ,
Uganda
Emergency Support Grant, Uganda
Building Civil Society Effectiveness, Zimbabwe
Collective Action to Realise Equality (CARE), Zimbabwe
Amplifying Voices VAWG, Building Bridges, Zimbabwe (Multiple
Donors)
Inclusion and participation in democratic processes, Zimbabwe
Her Voice Fund, Multiple Partners, Countries, Donors
Global Advocates Mobilising for Equality
AWESOME, Multi country
Total restricted funds
Unrestricted funds:
Designated funds:
Total designated funds
General funds
Total unrestricted funds
Total funds 2023
Restricted funds:		 At the start
of the year
Income
Expenditure
Transfers
At the end of
the year
£
£
£
£
£
8,865
-
(8,865)
-
-
43,800
-
(43,800)
-
-
-
976
-
-
976
-
31,986
(29,684)
-
2,302
-
14,846
(10,013)
-
4,833
47,042
133,513
(73,900)
(106,655)
-
30,050
30,863
(55,923)
-
4,990
-
33,918
(33,918)
-
-
-
14,842
(10,010)
-
4,832
-
4,000
(3,040)
-
960
-
173,692
(173,692)
-
-
-
55,888
(47,426)
-
8,462
-
14,452
(14,573)
121
-
-
(4,896)
-
4896
-
98,928
108,381
(197,955)
-
9,354
10,307
-
(26,113)
15,806
-
-
5,078
-
-
5,078
-
35,156
(35,156)
-
-
2,780
-
(2,780)
-
-
280,228
1,854,338
(1,774,274)
-
360,292
522,000
2,507,033
(2,541,122)
(85,832)
402,079
At the start
of the year
Income
Expenditure
Transfers
At the end of
the year
£
£
£
£
£
2,762,550
100,559
(272,961)
1,050,000
3,640,146
2,762,550
100,559
(272,961)
1,050,000
3,640,146
1,423,027
3,099,131
(2,278,162)
(964,168)
1,279,830
4,185,577
3,199,690
(2,551,123)
85,832
4,919,976
4,707,577
5,706,723
(5,092,244)
-
5,322,055

39

Womankind Worldwide

Notes to the financial statements

For the year ended 31 March 2023

19 Reconciliation of net income to net cash flow from operating activities

Net income for the reporting period
(as per the statement of financial activities)
Depreciation charges
Amortisation Charges
Interest and Investment
Increase /(Decrease) in debtors
Decrease / (Increase) in creditors
Net cash provided by operating activities
20
Analysis of cash and cash equivalents
Cash at bank and in hand
Notice deposits (less than three months)
Total cash and cash equivalents
21
Operating lease commitments		 At 1 April
2022
Cash flows
£
£
4,365,019
292,368
431,665
8,446		 2023
2022
£
£
602,331
1,688,734
7,299
5,362
12,576
3,593
(15,642)
(691)
582,822
47,127
303,535
(469,979)
1,492,921
1,274,146
Other
changes
At 31 March
2023
£
-
4,657,387
-
440,111
4,796,684
300,814		 -
5,097,498
The charity's total future minimum lease payments under non-cancellable operating leases is The charity's total future minimum lease payments under non-cancellable operating leases is The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of as follows for each of
the following periods :
Property Equipment
2023 2022 2023 2022
£ £ £ £
Less than one year - - - 36,563
Two to five years - - - -
- - - 36,563

22 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member, who are trustees of the charity, in the event of winding up is limited to £1.

40

Womankind Worldwide

23 Comparative notes of Income and Expenditure for Prior Year Income: Donations and legacies (Note 2)

Income: Donations and legacies (Note 2)
Unrestricted
£
Gift Aid
326,522
Legacies
1,000,717
Donations/Individual Giving
1,721,800
Community and Events
24,524
Corporates
138,403
Comic Relief
-
Major Donors
26,000
Trusts and Foundations
33,839
3,271,805
Unrestricted
£
UK Government grant - FCDO
-
-
-
Unrestricted
£
Other trading activities from GALA Event
265,000
265,000
Income from investments for prior year (Note 4)
Unrestricted
£
Investment Income
691
691
Income from other trading activities for prior year (Note 3b)
Income from other Charitable Activities for prior year (Notes 3a)		 £
3,000
-
55,630
-
30,000
52,766
12,500
105,872
259,768
Restricted
£
2,122,060
-
2,122,060
£
-
-
£
-
-
Restricted
Restricted
Restricted		 2022
Total
£
329,522
1,000,717
1,777,430
24,524
168,403
52,766
38,500
139,711
3,531,572
2022
Total
£
2,122,060
-
2,122,060
2022
Total
£
265,000
265,000
2022
Total
£
691
691

41

23 Comparative notes of Income and Expenditure for Prior Year (con'td)

Analysis of expenditure (Note 5)

Analysis of expenditure (Note 5)
Staff costs (Note 8)
Direct Charitable Staff costs (Note 8)
Direct costs -Grant Payable (Note 6)
Direct costs - Others
Staff Related Costs
Premises and Office costs
Organisational Development
Gains and Losses on Forex
Audit and Accountancy
Depreciation
Support costs
Governance Costs
Total expenditure 2022		 Charitable activities
Cost of raising
funds
£
353,256
-
492,679
-
33,662
20,560
-
-
-
900,158
193,577
41,536
1,135,271		 Eliminating
Violence
£
227,757
88,842
751,918
89,873
-
21,717
13,265
-
-
-
1,193,372
126,452
27,133
1,346,957		 Political
Participation
£
250,998
97,215
822,780
98,343
-
23,889
14,591
-
-
-
1,307,816
138,369
29,690
1,475,876		 Economic
Empowerment
£
46,481
17,946
151,887
18,154
-
4,343
2,653
-
-
-
241,465
25,543
5,481
272,489		 Governance
costs
£
60,425
-
-
9,200
-
5,429
3,316
-
25,470
-
103,841
-
(103,841)
-		 Support costs
2022 Total
£
£
204,518
1,143,435
-
204,003
-
1,726,585
135,282
843,531
87,493
87,493
19,546
108,587
11,938
66,323
15,352
15,352
25,470
9,814
9,814
483,942
4,230,593
(483,942)
-
-
-
-
4,230,592

42

23 Comparative notes of Income and Expenditure for Prior Year (con'td)

Grant Making (Note 6)

Grant Making (Note 6)
Afghanistan
Afghan Women’s Resource Center
ETHIOPIA
Association for Women’s Sanctuary and Development (AWSAD)
Centre for Accelerated Women’s Economic Empowerment (CAWEE
Ethiopian Women with Disabilities National Association (EWDNA)
Siiqqee Women’s Development Association (SWDA)
Global
AWESOME
Her Voice Fund
Movement Strengthening Fund
Nepal -Emergency Appeal 21
KENYA
Federation Of Women Lawyers(F.I.D.A)
NEPAL
Feminist Dalit Organisation (FEDO)
UGANDA
Freedom and Roam Uganda (FARUG)
National Association of Professional Environmentalists (NAPE)
National Association of Women’s Organizations in Uganda (NAWOU)
ZIMBABWE
Deaf Women Included (DWI)
Female Prisoners Support Trust (Femprist)
Women and Land in Zimbabwe
Women in Politics Support Unit (WIPSU)
Women’s Action Group
Women’s Coalition of Zimbabwe (WCoZ)
Grand Total
Movements in Funds (Note 18)
At 1 April 2021
£
Restricted funds:
Corporate and Institutions
Resilience Grant, Siiqqee & EWDA, Ethiopia, Bryan
Guinness Charitable Trust Ltd
-
Another Chance, FemPrist, Zimbabwe, Anonymous
Donor
5,024
New Generation, FIDA, Kenya, Multiple Donors
-
Rising Up Against FGM, NAWOU, Uganda, Niniski Trust,
Eleanor Rathbone CT, Allen & Nesta Ferguson CS,
Anonymous
(953)
Uganda Lesbian Forum, UGALEF, Uganda, Anonymous
Donors
-
Voices of Women Media, Nepal
-
Her Voice Fund, Multiple Partners, Countries, Donors
-
Multiple Donors (Amplifying Voics VAWG, Zimbabwe )
37,293
Sage Fund (GAME)
12,704
Acess to Justice, NDWA, Nepal, Anonymous Donor
-
Nepal Emergency Appeal, multiple donors
-
Trusts and Foundations
Strengthening Livelihoods, AWSAD, Ethiopia, Anonymous
Donors
-
Building Bridges, WAG, Zimbabwe, ING Foundation
38,366
Statutory
Comic Relief (Collective Action to Realise Equality -CARE)
141,779
Government Grants
POWER, NAPE, NAWAD, Uganda, FCDO
(28,395)
PAVE, WHR, Teva, FEDO, Nepal, FCDO
(24,889)
AWESOME, Multiple Partners, Ethiopia, Kenya, Uganda,
Netherlands MFA
(101,896)
Others
'Rebuilding Lives After Violence, AWSAD, Ethiopia, The
Big Give 2019
6,844
Facilitating Employment Opportunities, CAWEE, Ethiopia,
The Big Give 2021
-
'Women Leading Sustainable Coorperatives, Siiqqee,
Ethiopia, The Big Give 2020
37,079
Total restricted funds
122,956
 Eliminating
Violence
2,570
-
-
(4,963)
2,285
593,403
34,561
29,570
16,500
24,993
-
10,000
-
43,501
4,936
(11,568)
-
(4,232)
10,362
-
751,918
Income
£
5,000
-
3,085
47,000
20,000
3,112
20,000
30,050
16,135
18,822
-
52,765
126,899
107,194
1,887,966
43,800
-
2,381,828		 Political
Participation
2,570
-
-
(3,722)
2,285
593,403
34,561
29,570
16,500
-
62,066
10,000
21,677
-
-
-
(24,546)
(4,232)
24,178
58,470
822,780
Expenditure
£
5,025
7,657
1,904
47,019
20,000
55
20,000
11,180
9,924
-
16,135
18822
54,172
95,616
114,101
147,926
1,505,841
(9,826)
-
28,214
2,093,766		 Economic
Empowerment
2,648
15,000
(16,672)
(1,222)
20,782
-
35,608
30,466
17,000
-
26,600
-
21,677
-
-
-
-
-
-
-
151,887
Transfers
£
25
2,633
(1,181)
972
-
(3,057)
-
-
-
-
-
-
-
15,597
112,664
-
(16,670)
-
-
110,983		 2022
Total
7,789
15,000
(16,672)
(9,907)
25,352
1,186,805
104,730
89,607
50,000
24,993
88,666
20,000
43,354
43,501
4,936
(11,568)
(24,546)
(8,464)
34,540
58,470
1,726,585
£
-
-
-
-
-
-
-
26,113
2,780
30,050
-
-
-
(15,806)
98,928
-
-
-
47,043
280,229
-
43,800
8,865
At31 March 2022
522,000

43