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 CHA￿Ty NUh￿ER. 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 P￿ctice 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) andaeornp￿y, 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 trL￿teeS 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 Ch￿lty. Relatlonship5 wltb Other Org￿nI58t10￿y CWRC places great importallce Ollbuilding effcrtivG partnerships and WOTks strategically witb tbe followingorg¥nisations: cambridg￿bIre 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, I￿a 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 se￿ices 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 aW￿eneSS 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 pu￿08¢ 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 pers0t￿l 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 iSsu￿ce 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 tr￿Stee8 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 re￿llds 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 cambridg￿h1r¢ 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 demonstratingthe positive impa¢tthe charityl]as madeover tbe la8t four decad88. W6 extelld he&rtE¢lt thaDks to our fL￿￿erS, 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 co￿panY 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). CoMp￿Y law requii¢s the Trusteeg to prepare financl&l statements fOre￿￿finanCial 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