CAMBRIDGE WOMEN'S RESOURCES CENTRE LIMITED FENANCIAL STATEMENTS FOR THE YEARENDBD 31ST MARCH 2024 CONTENTS AND COMPANY FoRmATIoN COYfENTS: PAGE: Trustee5' Report Independent ExamineT'S R£port Statwnent of Financial Activities Balance Sheet Statement of Cash Flows Notes to the Financial Statements 10-15 Tbe following page does not fonn part of the Statutory Financial Ststsments,, Detailed Statement of Financial Activities 16 TRUSIEES: IlrA Clwidavarkat (Chair)(resiglled IJ0712024) Alison Colley (appointsd 22103120241 Michelle Birch (appointed 2210312024) Sarah John80n (Vice Chair) Alison NO1 (resiglled 2310812024) Fran Bailey (appointed 2210312024) REGISTERED OFFICE.. CWRC 13 The Coward Sturton Street Cambridge CBI 2SN REGISTRATION NUMBER.. 02192672 (England & Wales) REGISTERED CHATy NUhER. 801240 INDEPENDENF bXANItNER'S.. PrentÈs & Co LLP dependent Examiners 115¢ Milton Road Cambridge CB4 IXE BANKERS: Lloyds Ballk PIC Gonville Place 95 - 97 Regent Street Cambridge CB2 IBQ SOLICITOPS: Shelbourne SolicitOTS I I St Barnabas Road Cambridge CBI 2BU
CAMBRIDGE WOMEN'S RESOURCES CENTRE LIMITED PAGE I FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 ST MARCH 2024 I'RUSTEES REPORT The trustees are pleasedto wesent their annual Trnstecs Report together with the fmancial staternents of the ch&Tity for the year ending 3141 March 2024. These FAre pr8paTed to meet the requiTerllent5 for a director&, report and accounts for Companies Act purposes and the requirements of the Charity Lommission. The fmancial staten]ents comply with the CbaTiti¢s Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommend¢d Pctice applicable to charities preparing their accounts in accordance with tbe Financial Reporting Standard applicable in the UK andRepublic of]relaJ]d (FRS 102) (effe¢tive from 1st January 2019). STRUCTURE, GOVERNANCE AIYD IIJANAGEMENT Structure, Board and practlce. Cambridge Women's Resources Centre {CWRC) is a Registered Charity (CharityNumber: 801240) andaeornpy, limited by guarantee (Company Number: 02192672). The Organisation operntes under its Memorandum d Articles of Associatio which outline its objectives alld powers. At the 2023 Annual General Meeting (AGM), the Board reappointed the following trLteeS for the year,. na Chandavarkar- Chair (resigned 12 July 2024) Sarah Johnsoll- Vice Chair (appointed ohair 12 July 2024) H8lliet Morgan- resigned 17 November 2023 Alison Nolan The following trustees were appointed on 22 March 2024; FTan Baileyy Michelle Birch alld Alison Colley. The Chair expresses gratitude to all the tru8tees for their commitrnent and assistance in ensuring effective governance for CWRC. Organlsrdtlonal Strueture The organisation is led by a Chief Executive Officer (CEO) who has ov¢rall operational responsil)ility for all aspects of the organisation. The CEO reports to the Board of Trustees and attends boardmeetings every fourto six weeks. In collaboration with the CEO, the Board make5 decisions about governauce and 8ubstantial issues relatitig to the runnitlg of both centres and project delivery. Staff report directly to the CEO as Set out in CWRC'S organisational structur¢. Pollcies and Insurance CWRC has a comprehensive lange of policies and procedures to ensure good governance and managen]enL as reGommended by the National CounGiI for Vokuntary Orgauisations (NCVO). These policies are regularly reviewed and update4 with review datcs noted. The chaTity bolds Public Liability insurance up to £5,000,000 and Employers Liability insurance up to £10,000,000, reviewed alld updated annually, Risk Iwlanagemenl The CEO and Board have established a risk management framework to provide oversigIrt and timely ri8k rnanagcmgnt protocols and practices. Thi8 includes regiilar reviews of operational, fmanLial, and strategic risks to the Chlty. Relatlonship5 wltb Other OrgnI58t10y CWRC places great importallce Ollbuilding effcrtivG partnerships and WOTks strategically witb tbe followingorg¥nisations: cambridgbIre County Council Cambridge City Coullcil Peterborough City Council BeNCH CRC (Bedfordshire, North8mPtonshire, Cambridgethirg, and Hertfordshire CoD]munity Rehabilitation Company) Cambridge Women's Aid P¢tethorough Women's Aid CallLbiidge Rape Crisis Managers and staff maintain frequent Lontact with representstives of those organisations, ensuring effective partnership working and advocacy. CWRC is a Jnember of several local and n8tional infrastructure organisations, including,. CambTidge GET Group (Guidance, Education, Ia Training) Cambridge Council for Voluntary Service (CCVS) WAVET (network of organisations working with people with mental health problem5) Women's ResourGe Centre (WRC) Clinks National Women'5 Justice CoaEitioTh National Coalition for Reduction of Chkld Poverty
CAMBRIDGE wofvlEN'S RESOURCES CENTRE LIThQtTED PAGE 2 FINANCIAL STA TBMEwfs FOR THE YEAR ENDED 3 1ST MARCH 2024 TRUSTEES REPORT To aid ourdelivory of support services for women in Cambridgeshire &ndPotsrborough, we work closely with a widerange of organisations such as.. Citizen, s Advice Burgaus Job Centres Healthwatch Cambridgeshire and Peterborough Foundation Trust Various mental health support services Community arts organisations Cambridg¢shire Constabulary Cambiidge Fire seices Local authorities aad parisb councils Food banks and food hubs Homeless organisations and sheltsrs Housing associations Children and Adult Social Care services Drug and alcohol intervention services Prison and probation services Di8ability organisations CWRC places great importance on partnership working to reduce batTiers for women in our cornmunities and support otber OTganisations to thrive. CWRC is a member of.. Carnbridge and Peterborougll Women's ConsortiLml National Women's Justice Coalition WHAG - Women and Homeles5negs Action Group PCVS Won]en's Forum WAVET Cambridge Mental Health Network ccvs pcvs NCVO Clinks PeterboTough Sex Work and S¢xual Exploitation Group Counting Every Adult OBJECTIVES AND ACTIVITIES Vision and Mlsslon CWRC Vision ALI women in Cambridge and beyond ¢ able to T¢81is¢ th¢ potential in themselves, their faftLilies, and their conununity. CWRC Mission To provide trdining, activities, and support to enable our vision to sllcce¢d. Charitable Objeetlv CWRC'S constitutional objects are: l. To advance education and relieve the needs of women girls in a wonien-only spa¢e, 2, The promotion of equality, particularly with regard to women, and diversity for the public benefit by: (a) The elimination of discrimination on the grounds of race, gender, disability, sexual orientation, age, or religioDlbeli¢fs. (b) Raising awareness in equality and diversity, including aWeneSS of intorsectiona] discrimination and ways to tackle discrijninatkon. (c) Promoting activities to fostsr Lmderstanding between people from diverse backgrounds. (d) Cultivating a sentirnent in favour of equality and diversity. Activities and Service5 We provide trauTna-inforn)ed appToaches in women-only spaces in Cambridgeshire and Peterborougb via our Women's Centres. We offer open-access Gentres for women to attend and specific project work tobenefitwomen in our con]munities.
CAMBRIDGE WOMEN'S RESOU.RCES CENTRE.LIMITED PAGE 3 FINANCIAL STAIEMENTS FOR THE YEAR ENDED 31 ST MARCH 2024 TRUSTEES REPORT Public Benent When planning and overseeillg activities, the trustees have kept in rnind the Charity Commission's guidance on public benefit. Thg trustees ensure that the pu08¢ of th¢ charity: Is clearly b¢nofi¢ial in away that ts identifiable and Capable of being provenby evidence, andnotbased ork personal views. Benefits the public in general, or a sufficient section of the public, and iy not for pers0tl benefiL FINANCIAL REVIEW Leadership and Financlal Management TrAnsitio In September 2023, CWRC faced a leader8hip and f]nanci&l crisis.. A forecasted deficit led tu the iSsuce of lsk of redutkdancy, letters, affecting staff morale. Key stsff mombers, including th¢ CEO and support workers, resigned or were on extended sick leave, leavirAg th¢ organisation und¢rstaffed. The Board of Trustees took operational control, deterniined to keep the ¢harity 1ve due to the vital services it provides. A fonner trustee was seconded from Cambridge City Council to serve as CEO, initially part-time due to her notioe period. A Chartered Accountant was recruited in November as Finance Officor to addresg the fmancial Te¢ords. TraD51tional Period During this period.. Operations reduced to two days a we¢k. The Boar¢ new CEO. and Finance Officer worked tirelessly to stabilise the clwity, with several trStee8 providing pro bono work. PeterboIouglL centre was closed for vitsl repairs. staff Recruitment and Team Building The CEO recruited sessional Support Workers and a Business Supportoffwto ensure seThfice continuity. The new team included former CWRC staff returning due to new leadership and womenwho hadused the entre in the past. The existing Fundraising & Communicatlolls OfficeT provided invaluable support during this PgTiOd. Restorlng Financlal Stability Over £30,000 was recovered within eight weeks tlyough rellds and negotiated credits. Fundrai41ng and Support Th¢ delivery of CWRC, s vision could notbe achieved without tho ongoing support ofkey finders who share abelief in our work. Funders for the period of 2023124 inclllde: CambridgeshiTe Community Foundation Offic¢ of the Poli¢e and Crime Commissioner for cambridgh1r¢ and Peterborough Cambridge City Council The National Lottery PROJECTS RUN 2023124 Weekly Art Group: Held at the Cambridge celltre, providillg a creative outlet foT women to express themselves, redu stress, and build community ¢ODne¢tions. Freedom Programme.. Offered both in Cambridge and Peterborough, funded by the Office of thc Police and Crime Commissioner for Cambridge and P¢terborough. This progran]me educates women about domestic violence, helpingthem recognise signs of abuse and empowering them to infornied decisions about theiT relationship8. Craft Classes.. Conducted when the Peterborough centre was open, these classes promoted skill development, creativity, and social interaction among participants. Bike aIntenance elass: Designed to offer participants the chance to maintain bikes themselves andkeep them active and empowered Stitch bitch: a rel&Yed sewing group with a focus on developing peer relationships and reducing isolation Coffee morning: An opportunity for users to access 121 support or to establish peer sUPPOrt Chat Cafe- new class: An inforn]al setting to provide English speaking practise for users. Yoga for relaxation- nely class: A space for women to meet and access relaxation skills tbat they can use outsid¢ of just class times. Free 8hop- llew offering: A room to enable users to access clotl]ing, shoes, toiletries andperiod products in a'boutique, environment set up like a shop.
CAMBRIDGE WOMEN'S RBSOURCES CENTRE LIMITED FINANCIAL STATEMBNTS FOR THE YEAR ENDED 31ST MARC.H 2024 TRUSTEES REPORI, Impact statlstles for 2023124 In the 2023124 financial year, CWRC supported 363 women through various programs, worlcshop5, andresources aimed at empowering them to improve their lives. The following outcoines showcase the significant impact of the Cenlre, s worlc: 87°/o of women self-reported an improvement in their iiiental health and wellbeing. 89010 of women self-reported an increase in their resilience iind ability to cope better willi life. 770/0 of women self-reported an increase in collfidence and self-worth. 85Q/o of Ivomen self-reported a reduction ill isolatioii and loneliness aiid an improvement in their social slcills from engaging with CWRC. 721J/o of women self-reported all improvement in their finances and overall money manag'ernent. 50Q/o of won)en showed increased motivation and engagem¢nt in learning, gairlliig a qualification, and/or finding or inoving towards einployment. 790/0 of women, for whoin it was relevant, iinproved their housing conditions andloT maintenance or tenaii¢iey. 950/0 ol women, forwhom it was relevant, I'educed the impact of domesl'ic violence or sexua] abuse, Iivillg safei. lives. Growing Demand Iii the foLffth quarter of 2023124, tliere was a drdinalic incre&%e in the nuimber of women using CWRC services, te5tamentto the warni <llJd supportive environment creF4ted by the new team. Attendancc at 0Up slysions lilce the art and crdft. classes grew, and inore women sought one-to-une supporL. "fhis upticlc demonstrates tlic critical nccd for CWRC'S services in lh¢ coinmunity. RESLRVES As of 3 1st m.¢17 2024, the charity had.. Re5trictcd reservLs- £45,338 (2023., £70,490) Unrestricted reservcs: £2,472 (2023: £17,104) Free rcscrves: £1,978 (2023.. £12,777) Despite the low reserves figure at the y¢ar-end tho ti'u8t¢es are confident with keeping th¢ charily il going. Loncern. Posl year-end graiits have been secLwLd and unroslricted reserv¢s built up to £15k. As unresl'ricted reserves are low, increasing unrestricted funds is a pi'iority. CWRC lias a Reserve5 1)oiicy ill lille with Charity Commission and NCVO giiidai)co. KEI Y RELIIUP4ERATION POLICY CWIIC pays staff accordiiig to local pay coiidiliDns commensurate wil'h their positions, taking. into acc()unt'respoiisibilities and unique slcills. Pay levels tu-e periodically revi6wed agaiiist crit¢iia such as inflation levels. CWRC pays at least. the National Liviiig Wiig¢. Ilisli Manthgemenl rhe trustLLs have ideiitified aiid ¢ire addressing Icoy risks., Financial Stability.. Actively mallaging cash flow, securing fundllig, and contTolling costs. Operational Continuity.. Recruiting compol'ent staff and ensuring effective halldoveTS and documentation lo pievent future disruptions. Compliance aiid Reporting: Improving fJnallci records and meeting all regulalury and funderrepoiting requirements. Data Protcction: Ensuring full compliarLce with GI)Pll and secure handling of person(Il data, Service Demand,. Balancing capaci1y wilh increasing demand foT services. Future l)lans CWRC is moving into a new era of professionajism and optimism. Fllture plans incliide: I xpandiiig Scrviccs,. rlY reopening Ibe P¢l¢rborough Cltre and iiici-easllig the range of prOgrTh8 affci'cd. StrcThLlth¢ning Financial Position, I'brough continued fundraisllig efforts, exploring new incoine streaims lil<0 Tooin rent'als, and prudent financial man<Trgement. Enhaiicing Govcriiance.. With the recruittnent of three iiew trltstees in caTly 2024, strengthening the BDard's capacity. Community ngagement: To fosl¢r Gommuttity support aiid raise funds.
CAMBRtDGE WOMEN'S KESOURCES CENTP£.LIMITED PAGB 5 FANCIAL STATEMEbrrs FOR THE YEAR ENDED 3 IST MARCH 2024 TRUSTEES REPORT D¢8Plte Significant ¢Illenge8 lu2023124, CWRChas demonstratedrwilience and a strongcomtllitmentto its missioll. The charity18 confident in its ability to rebuild and contknuc providing essential Servic to women io nee(l. The support and warnith from the Cambridge community have beenb¢artenLng> demonstratingthe positive impa¢tthe charityl]as madeover tbe la8t four decad88. W6 extelld he&rtE¢lt thaDks to our fLerS, community 8UPPOrters, volunteers, staff. and all who havv contributed to CWRC'S re¢ov¢ry and ongoins su¢ce5S. TRUSTEES RESPONSIBILITIES The Trustees (who arb also the dlr¢ctors of Cambridge Wornell's Resources Celltre . Registered Company Number. 02192672 for the purposes of copanY law) are r¢spollsible for preparing the Report of the T$ alld the fllmncial stg4t¢ment5 ill ac¢ordallce WA appliguble law and Ulllt¢d Kingdom Accounting Standards (United Kingdom Ggllerally A¢G¢ptsd AccoLmting PraGti¢e). CoMpY law requii¢s the Trusteeg to prepare financl&l statements fOrefinanCial ye8rwhicbgive a ttue and fatr view of th¢ stste of affair5 of the charltable oumpany and of tbe incoming resources Rnd application of r¢souroes, inoluding th¢ inco¢ and exp¢nditsre ofthe ciwitable company for that period, In preparing th08¢ fmanclal statem¢nts, the Trustees a required to.'- onsure suttable accounting polKcies are 8elected and then apply them consistently> engure accounts observo the m6thods and principles In the Charity SORP,. enswe accounts rn&k¢ judg¢m¢llts alld estimates that are reasouable and prudont. stats wb¢th#r appliGabl¢ UK Accountlng 8tsndardshave been followod, subject to any matrial dEpartur¢s dk8closcd and expl&lned in the financial statements. ousure th&t fllwicial statemonts have been prepared on tbe going concern basts. The Trustees are r¢spon5ibl¢ fork¢eping proper accountlng cordS whicbdisclose wtth reasonable accuracy at any tkne th? )Inancial posltion of the ¢haritable company and to enable them to ensure that the fManG} 8tat¢m¢nts comply with the Companies Act 2006, They also responsible forsafrguardillg tILe a88¢ts of t&¢ Charttable compally md hence for taking r¢asonable sEops for the prevention aad detsctlon of fraud and othBr irregularities. .¥,arah Johnson Sarah Johnson- Vice Ch&ir De<LYMkw 2 ol
CAMBRIDGE WOMEN'S RESOURCES CENTRE LIMITED PAGE 6 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MAR INDBPENDENT EXAMINER'S REPORT TO THE MEMBERS OF CAMBRIDGE WOMEN'S RESOURCES CBNTRE LIMITED I report to the TrStee8 on my examination of the acGounts of CambTFdge Women's Resources Centre Limited for th¢ year ena¢d 31st March 2024, IiESPONSIBILITIES AND BASIS OF REPORT As the charity's trustees of the company (and also its directors for the purposes of Gompany law) you are r¢sponSi]e for tbe prepatIOn of the accounts in accord¢¢ with the requiren]ents of the Corllpanie8 Act 2006 ('the Act,). Having satl8fied myself that the accounts of the CopanY are not required to be audited under Part 16 of the 2006 Act and are eligibl¢ for independent examination, I rgport An respect of my ex&TriDation of yow charity's account8 as carried out under section 145 of the Charities Act 2011 (he 2011 Ace). In carrying out tlly exon]ination I have followed the directions given by the Charity Comrnission under section 145(5)(b) of the 20 I l Act. INDEPENDENT EXAMtNER'S STATEMENT I have completed my examination. I confm that no nxtters have com¢ to my attention in connection witb d]e examination giving me cause to believe, otlw than the matter njentioned below:. l. accounting records were not kept it) respect of the company as required by section 386 of the 2006 Act. or 2. the accounts do not accord with those record8. or 3. the accounts do not comply with th¢ accounting requirements of section 396 of the 2006 Act other thall any requirement that the accounts give a'true alld fair, view which is not a matter considered as part of an independent examination. or 4. the accounts have not been pr¢pared in accordance with the methods and principals of the Stateu]ent of Re¢ornn¢nded Practice for accourtting and reporting by charities (applicable to charities preparing their own accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of treland (FRS 102)). The charity jw a low level of uDxestricted reserves and free reserves. The charity in common with nRny others ill the sector no long terni guw7ntees by it nJOr fund¢r8 and so together with its low level of free reseTves this indicates the existence of a material UDGertainty wEllch may cast SilfIcant doubt about the Charitys ability to continue as a going concern. The trustees have taken measures to secure funding mitigate this uncertainty as explain¢d in not¢ I to the financial statements. IAN W SHLPLEY FCCA FOR AND ON BEIIALF OF PRENfIs & CO LLP CHARTERED ACCOUNTANTS )EPENDENT EXAMINERS 2.0'L 115c Milton Road Cambridge CB4 IXE
CAMBRIDGE WOMEYS RESOURCES CENTRE LIMITED riNANLIAL STATEMENTS FOR I"HE YEAR ENDED 3 1ST MARCH 2024 STA TEMBNT Of FINANCIAL ACTIVITIES 2024 2024 Unrestricted R¢stricted Funds Funds 2024 2023 2023 Total Unrestricted Restricted Funds Fund5 2023 Total Funds Notes INCOME Donations and bursaries Grant income 18,753 18,753 161,743 5.447 5,447 216,3ll 221,758 161,743 161,743 216,311 Total income 18,753 180,496 5,447 216,311 EXPENDITURE Expenditure on charitable activiti¢s Total expenditure 33,385 186,895 220,280 14,593 14,593 240,949 255,542 33,385 186,895 220,280 240,949 255,542 NET MOVEMENT IN FUNDS (14,632) (25,152) (39,784) (9,146) (24,638) (33,784) RECONCILIATION OF FUNDS Total funds brought fornrard TOTAL I"UNDS CAliRIED FORWARD 17,104 70,490 87,594 26,250 95,128 121,378 2,472 45,338 47,810 17,104 70,490 87,594 The statement of fillGla1 activities includes all gains and losses r¢¢ognised in the year. All income and expenditure derive from continuing activities. 'rhe notes on pages l O to 15 forLn part of these financial statemcnts.
CAMBRIDGE WOMEN'S IIESOURCES CBNTtiE LIMITED PAGE 8 FINANCIAL STATEMENTE FOR THE YEAR BNDBD 31 ST MARCH 2024 BALANCI SHEET 2024 2023 Notes FIXED ASSETS Tangible asscts 494 4,327 CURRENT ASSETS D¢btoi's.' amounts falling due within one year CaBh at banlc and in hand 10 75,667 4,395 74,522 40,402 TOTAL CURRE ASSETS 80,062 114,924 CREDITORS., amounts falling due withln one y 23,746 22,657 NET CURRENf ASSETS CREDITORS,. amounts falling duc after one y¢at NET ASSETS 56,316 (9,000) 47,810 92,267 (9.000) 87,594 12 THE FUNDS OF THE CK4RITY UrweslrlGtl income funds Restricted income funds 14 14 2,472 45,338 47,810 17,104 70,490 TOTAL CFIARITY FUNDS 87,594 The directors consider that the charitable company is ¢ntitled to exemption from the requll'ement to have an audit under the provisions of Section 477(1) of the Companies Act 2006. Member8 have not required the ¢ompany under S¢ction 476 of the CompELnies Act 2006, to obtain an &udiÈ for thc year ended 3 1st March 2024. The directors acl(nowlcdge their responsibilities for ensurillg that the charitable coptY keeps accounting re¢ords which coinply with Section 386 and 287 of Ihc Companies Acl 2006 and for preparing financial statetnenls which giv¢ a true and fair view of thc state of afFairs octhe ¢iJaritable company as at 31st March 2024 aud of it's deficit frii. the year th¢ll ended in accordanee with the requirements Dr Section 396 and which otherwise comply with ¢h¢ requiT¢ments of the A¢t relating to the financial statem¢ts Hs far as applicable to the chaTikble company. The financial statements, whicli have been pr¢pared in accordance w(th the Special provisions relating to CDmpaThies subject to the small companies regtmo wlthin P&rt 15 of the Companies Act 2006. wore approved by the board on . 6 December 2024 and signed on its behalf, Sarah Johnson Sarah Johnson (Vice Ch&ir) TRUSTEB Company Nuinber; 02192672 England & WaL6s lThe notes on pages 10 to I S form pth of these fiiiancial statem¢ntS.
CAMBRIDGE WOMEN'S RESOURCES CENTRE LIMITED PAGE 9 FANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2024 STATEMENF OF CASH FLOWS 2024 2023 Notes NET CASH FLOW1(0uFLoW) FROM OPERAIING ACTtVlTIES 17 (36,007) (172,063) CASH OUTFLOW FROM INVESTING ACTIVITIES Equipment additions Disposal of fixed assets NET CASH USED IN INVESTfNG AcTIvIs 3,318 3,318 DcREASE1(DECRASE) IN CASH AND CASH EQUIVALENfs IN YEAR Cash and Cash Equivalents at begI[Ing of year CASH AND CASH EQUIVALENTS AT END OF YEAR (36,OQ17) (168,745) 40,402 209,147 4,395 40,402
CAMBIUDGE WOMEN'S RESOURCES CENTRE LIMITED PAGE 10 FINANCIAL STATEMENT8 FOR THE YEAR ENDED 3 1ST MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS ACCOUNTtNG POLICIES (a) BASIS OF PREPARATION OF FINANCIAL STATBMENTS Tho filnCial statements have been prepared in accordance with Accounting Reporting by Charities.. Statement of Recommended Practice applicable to charities Preparing their accounts in accordallce with the Financial R¢porting Standard applicable in the UK and Republic of Ireland (FRS 102) (effe¢tive 1st January 2019) - {Charities SORP (FRS 102)), the FinanGi&l Reporting Standd applicable An the UK and Republic of Irelpnd (FRS 102) and the Companies Act 2006, callridge Wornen's Resources Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recogllised at historical cost or transaction value unless otherwise stated ill th Tclevant accountillg policy note. (b) PREPARATION OF ACCOUNTS ON A GOING CONCERN BASIS As detail¢d in the Trust¢¢s' Repo¢ none of the nmjor funders of the hlty are able to give long-tenn guarantees of fimding. However, the charity has a number of grants and awards in pla¢e which give the Trustees reasonable confidence that sufficient fiLDding will be secured beyond the cunent year. The Trustees hav¢ assessed the cash flow nee( of the charity and believe that the cash flow issues will not affect the harity's ability to continue its operdtioD. In particular the trustees and Magement of the Charity have put in place measures to gengrats new sources of revenue. The Trustees therefore consider that it is appropriate lo prep8tt the financial st&t¢ments on the going concern basis. (¢) INCOME RECOGNITION All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the inGome and the amount can be quantified with reasonable accuracy. (d) EXPENDrruRE RECOGNITION Expenditure is account¢d tor on an accruals basis and Iw been classified under headings tbat aggregate all c05t related to the category. Where costs cannot be directly attrkbuted to particular heading5 they have been allocated to activities on a basÉs con513tent with the use of resources. {¢) TANGIBLE FIXED ASSETS Depreciation is provided at the following allnual rates in order to write off ga¢h asset over its estimated useful life. Leasehold imPTovements Equipment straigbt line over the lease period (5 years) straigbt line over 3 - 4 years and over l yeaT Taugiblg fixed assets CQStillg more than £IOOO are capitalised alld included at cost including any incidental oxp¢nses of a¢quisition. (O TAXATION The charity is exempt from corporation tax oll its charitable activities. (g) FUND AccouriNG Unrestricted knds Gan be used in accordance with the charitable objectives at the discretion of the Trust¢¢s, Restricted fund8 call only be used for particular restricted PlposeS within the objects of the rharity. Restrictions arise when specified by the donor oi when funds are raised for particular restricted pwposes. Furtber explanation of the nature and purpose of each fund is included in the notes to the fllw]cial statements. (b) HtRB PURCHASE AND.LFASTNG COMMITMENTS Rentals paid Lder operating le85es are GbaTged to th¢ Statement of Financial A¢tivities on a straight line basis over the period of the lease. (i) PF,NSION COSTS AND OTHER POST-RETtRF.MENT BENEFITS The Chitable company operates a defmed contribution pellsion schetne. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. (i) DONATED GIFTS During the year the charity had been donated items for prizes in ffles, etc, As these items have a lllnited monet'ary value no financial value has been acLounted for in these fmancial statements as a donation.
CAMBRIDGE WOMEN'S RESOURCES CENTRE LIMITED PAGEII FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 ST MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS cont ...... DONATIONS AND OTHER INCOME 2024 2024 Unrestricted Restricted Funds FuJ)ds 2024 2023 2023 Total Unrestricted Restricted Funds Funds Fullds 2023 Total Funds Donations Other income Other fidraiSillg 5,776 10,419 2,558 5,776 10,419 2,558 50a 3,618 1,329 5,447 500 3,618 1,329 18,753 18,753 5,447 GIL4NT INCOME 2024 2024 UnrestriLted Restrictsd Funds Funds 2024 2023 2023 Total UDTestricted RestriGted Funds Funds Funds 2023 Total Funds Cambridge City Council C8Jnbridge Community Foundation Albert Hunt DASV Henry Smith OPCC Freedom BAM4Change Lloyd8 Invest Central Aid GT8nts (CAG) Lottery Fulld 42,200 5.070 42,200 5,070 34,000 34,000 7,000 io 30,000 36,228 3,333 35,550 1,647 68,543 7,000 io 30,000 36,228 3,333 35,550 1,647 68,543 19,620 2,000 19,620 2,000 92,853 92,853 161,743 161,743 216,311 216,311 EXPENDITURE ON CHAIUTABLE ACTIVITIES . CURRENT YEAR Direct Charitable Activities Support Costs Tota] 2024 Note Staff costs Sessio]1 workers Recruitment Rent Utilities Insurance Telephon¢ Postage, statiollery and printing Subscription5 and publications Staff training and travel Repairs and Tenewals IT support Project costs Governance costs Bank charges Depreciation 78,100 16,035 299 33,472 111,572 16,035 299 42,463 9,868 6,887 2,092 221 307 5,462 586 7,720 216 12,636 83 3,833 220,280 42,463 9,868 6,887 1,046 iii 307 5,462 586 7,720 1,046 iio 216 12.636 83 3,833 99,722 120,558
CAMBRIDGE WOMEYS RESOURCES CENTRE LIMITED PAGE 12 FllVANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH 2024 NOTES TO THE FINANCIAL STATEMENfs ¢ollt ,,..., 4b. EXPENDITURE ON CHAIUTABLE ACTIVITIES . PRIOR YEI¥R Direct Charitable Activities Support Costs Total 2023 Note Staff cost8 Se88ional worlcers Donations Rent Utilitkes Insurance Telephone Postage. 8tationery and printing Sundries Subscriptions and publications Staff training and travel Repairs and renewals rr support Project costs Governance costs Bank charges Depreciation Grallt8 repaid Loss on disposal of equipment 84,386 8,121 1,325 36,166 120,552 8,121 1,325 68,624 68,624 (11,866) (11,866) 5,540 5,540 1,013 2,027 14 29 566 iii 3,172 10,490 11,172 4,518 4,858 153 3,832 19,000 3,318 255,542 1,014 15 566 iii 3,172 10,490 11,172 4,518 4,858 153 3,832 19,000 3,318 126,095 129,447 * This repr¢8ent8 a refund of estitnat¢d utility bills paid in advance of ac111 liabilities. GOVERNANCE COSTS 2024 2023 Trnstees expenses Legal and professional fees lttdependent Examinees remurteration 60 1,768 3,030 10,236 2,400 12,636 4,858 NET INCOME Net income is stated after Gharging: Independent Examinerfs remutwation Other operating leases 2024 2023 2,400 42.463 3,030 68,624 TRUSTEES, EXPENSES AND RELATED PARTY TILINSACTtONS During the year a total of £Nil (2023.. £60) was Pf¢id for Trustee training. Consultancy 8ervi¢es were provided to the Charity by a TnLStee for a total fee of £Nil (2023: £420) in the fitvffjcial year. During the year tlle of the Trnstees were reimbursed for exp¢ns¢s (2023. £1,068). There were no Trustee8' remuneration or other benefits for the year ended 3 1st March 2024 nor for the y¢ar ended 3 1st March 2023. During the prior year a loan of £10,000 was nde to the charity by one of the Trustees, which is to be repaid WAthin the iiext 2 years by instaIment5, and is interest free. An additional £2,500 has been paid lo the charity in the rurrellt year and it wab agreed that repayments are to be extended to 2025.
CAMBRtDtiE WOMEN'S RESOURCES CENTRE LIMITED PAGE 13 FINANCIAL STATEMEWFS foR THE YEAR ENDLD 31ST MARCH 2024 NOTES, TO THE NANCIAL STA TF.MENTS cont ..,,,. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 106,736 2,334 2,505 112,633 4.649 3,270 111,575 120,552 During the year, no employee received emoluments in excess of £60,000. The Icey manageinent are Considered to be the trustees, CEO and l other llianager, Currcntly the clwity's CEO is on secondment froin Cambridge City Council. The Council cover Ihe costs of her salary, During ihe year this totalled £10,927 ]d is included in the above figurcs. rhe average monthly number of employees during the year was as follows.. 2024 2023 Cliaritable &ctivities TANGIBLE FIXED ASSEI'S . CURRENT YEAR cos'r At 1st April 2023 and 31st March 2024 DEPRECIATION At 1st April 2023 Charge for ycar At 31 st Marcli 2024 .L¢asehold Improvements Equipmenl. Tolals 2,478 28,146 30,624 1,488 496 24,809 3,337 26,297 3,833 1,984 28,146 30,130 NET BOOK VALIJE At 31 st March 2024 494 494 9b. TANGIBLE FIXED ASSETS - PIUOR YEAR cos'r At I sl April 2022 Disposals Al 3 1st Mw'oh 2023 Leasehold lrnprovements Equipmvnt Totals 6,903 34.782 41,685 (4,425) (6,636) (11,06 l) 2,478 28,146 30,624 DEPRECIA'L'ION At 1st ApTiI 2022 Charge for year clge on disposal At 31st March 2023 5,417 24,791 496 3,336 (4,425) (3,318) 1,488 24,809 30,208 3,832 (7,743) 26,297 NET BOOK VALUE Al 31 st March 2023 990 3,337 4,327 io, DEBTORS, AMOUKL'S FALLING DUE, WITHIN ONE YEAR 2024 2023 PrepaymLnls and accrued incoine Trade debtors Other debtors Social 8ecurity and other taxes 67,308 15,231 16,968 3 8,825 3,498 8,250 109 75,667 74,522
CAMBRIDGE WOMEN'S RESOURC'ES CENTRL LIMITED PACJF. 14 FINANCIAL STA'fEMENTS FOR TI4E YEAR LNDED 31 ST MARCH 2024 NOTES TO THE FINANCIAL STATFMENTS cont ..,... CREDITORS,. AMOUKL'S FALLING DUF, WITI-ItN ONE YEAR 2024 2023 Social security and other taxes Otber ci'editors Accrned expenses 89 5,003 18,654 726 5,080 16,851 23,746 22,657 12. CREDITORS DUE AFTER ONE YEèiR 2024 2023 Other creditors 9,000 9,000 13. OPERATING LEASE COMMII'MENTS rhe following operating lease payments the total coinmilted to be paid.. Land & Building 2024 2023 Witbin one year Belivoen otLe and five years 'rotal coininitments 44,600 95,133 38,050 18,396 139,733 56,446 14a, MOVEMENT IN FUNDS CURRENT YKAR Incoming liesources resources expended At 1.4.23 Transfers At 31.3.24 Unre5trictcd funds GenLral fund 17,104 18,753 (33,385) 2,472 Restrict'ed fuiids Lottery FLEnd BAM4Change Cambridgc City Council opcc rre¢dom Lambridge Community Foundation TOTAL RES'I'RICTED fuNDS 58,543 92,853 2,000 42,200 19,620 5,070 (106,058) (2,000) (42,200) {31,567) (5,070} (186,895) (220,280) 45,33 11.947 70,490 161,743 45,338 'Fo'rAL FUNDS 180,496 47,810
CAMBRIDGE WOMEN'S RESOURCES CENTRE LIM.ITED PAGE 15 ,INANCIAL STATEMENrs FOR TI4E YEAR ENDED 31 ST MALICH 2024 NOTBS TO THE FINANCIAL STAIEMEwfs cont ,,,.., 14b. MOVEMEKf TN fuNDS PRIOR YFAR Incoming Resources resources ¢xpended At 1,4,22 Transfers At 31.3.23 Unrcstricted funds General fund 26,250 5,447 (14,593) 17,104 Restricted funds DASV Albert Huiit Cambridge Lily Council Ileiyy SLnith Instilute Lloyds BanLc Foundation OPCC Freedom BAM4Change Lott¢ry fund Comic Relief Cainbridgeshir¢ County Council Cenlr&l Aid Gr[lS (CAG) io 7,000 34,000 30,000 35,550 36,228 3,333 68,543 (io) (7,000) (49,255) (45,000) (35,550) (24,281) (4,93 1) (i 0,000) (47,275) (16,000) (1,647) 15,255 15,000 11,947 1,598 58,543 47,275 16,000 1,647 TOTAL RESTRICTED FtrNDS 95,128 216,311 (240,949) 70,490 I"OTAL FIJNI)S 121,378 221,758 (255,542) ¥7.594 "rhc (i¢neral Fund represents the unrestricted resei'ves of the chai'ily which al-e iiot designat'ed for particular purposes. Details oli'estri¢ted funds projects can be found within tlie Trustees Ilepoit. ULI'IMA TE CONT'ROLLING PAii ry The charity is controlled jointly by ils Truslees. 16. LIABILI'fY OF THE MEMBERS The Lliariiy is liinited by gu&ranlee. In the event of the chariiy being wouiid up, the liability ofthe members is IiTllited to £1. 17. RECONCILIATION OF NEI, MOVEMBN'I. IN FUNDS 'I'O NEI CASI.[ FLOW fROM OPEIIA I'ING ACTIVITIES 2024 2023 N#t movemeiit in fund.8 Add: Dgpreoiation (Imcrcase)IDecreasL in debtot-s (DeC1r<c)I[llcreQse in citditors NF,T CASH INfLOW FR()M OPERATING AL'I"IVITIES (39,784) (33,784) 3,833 3,832 (1,145) (48,301) I,089 (93,BlO) (36,007) (172,063) 18. SUBSEQUENT EVENTS Since the end of Ihe year thc Charity has entered int'o an agreemenl with one of its I]d10rd8 to contribute tu the i'epairs of a property, 'I'he amount is capped at £16,703 and will be paid in instalmenls over 24 Inonihs.