HILLINGDON WOMEN'S CENTRE (A Company limited by guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Registered Number: 2009021 Charity Number: 801433
HILLINGDON WOMEN'S CENTRE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Pages Legal and administrative information Trustees, report Independent examinerfs report Statement of Financial Activities Balan sheet 10 Notes forming part of the financial statements
HILLINGDON WOMEN'S CENTRE LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 Trustees The trustees who served the charity during the period April 2023 to March 2024 were as follows: Ms S Robins - Chair (till November 2023) l Treasurer Ms. N Desor- Chair (from November 2023) Dr A Mckinlay- Secretary (from November 2023) Ms A Ratcliffe - Secretary (till November 2023) Ms S Dunwell - resigned at the November AGM 2023 Ms S Gledhill - resigned at the November AGM 2023 Ms R Shah - co-opted on 8th February 2023 and appointed at AGM 2023 Ms R Cockeram - appointed at the November AGM 2023 Registered charity name Charity registration number Company registration number 2009021 Registered office 333 Long Lane Hillingdon Middlesex UB10 9JU Hillingdon Women's Centre 801433 Independent Examiner Kashif Yasin (FCCA), Acctax Direct LLP Boundary House, CricketField Road, Uxbridge UB8 1QG Bankers Metro Bank Ltd 1 Southampton Row, London, WC1 B SHA Page I
HILLINGDON WOMEN'S CENTRE TRUSTEE REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, who are also directors of the charity for the purposes of the Companies Act, submit their annual report and the financial statements of Hillingdon Women's Centre (the company) for the year ended 31 March 2024. Governing Document and Charitsble Objects Hillingdon Women's Centre is registered as a Charity with the Charity Commission under registration number 801433. It is constituted as a company limited by guarantee (registration number 2009021) and is therefore govemed by its Memorandum and Articles of Association on 10 April 1986 as amended by special resolution on 15 April 2004, 16 May 2012, 21 November 2013, Dember 2016 and 04 April 2018. Organisational Structure The charity operates a women's only support Servi at 333 Long Lane and most of its activities take place there. Exceptions include partnership events, meetings, and neOrkIng with other organisations. Policy and planning decisions are made at the monthly Director rustee Committee meetings, which are open to all Directors rustees and invited guests. Their purpose is to support the Centre and its Centre manager, employed staff and volunteers with strategic and policy direction, governance, and line management responsibility where appropriate. Recruitment and Appointment of Trustees Where possible, all positions are filled through annual nominations and election. This has been standard practiTr since 1986. It was felt this maximised accountability to the whole membership of the Management Committee. However, due to the voluntary nature of the work, from time to time the co-option of new candidates may be appropriate in line with the needs of the Charity. A minimum of two Directorrrrustees can co-opt a committee member for the remaining period until the next AGM. At the AGM held in November 2023 Sandra Robins stepped down as Chair after 5 years of leadership and the vote confirmed the appoinknent of Neeta Desor as the new Chair of the Board. Induction and Training of Trustees A copy of the Memorandum & Articles of Association - and all the policies relating to the Centre (also outlining the roles and responsibilities) is available to all Directorrfrustees at Hillingdon Women's Centre. Booklets and internet sites are available, and training is accessible to all DIrectorrUsteeS and has now been confirmed as mandatory. Related Parties We neork vrfith a wide variety of local organisations, and our partners include: London Borough of Hillingdon, Hillingdon Law Centre, Hillingdon Independent Domestic Violence Advocacy Project{HIDVAP), HESTIA, HAVS (Hillingdon Association of Volunteer Services), Social serViS, Rethink. National Domestic violen Help Line, MIND, CNWL (Riverside Centre Mental Health), Women's Resource Centre, YMCA, MARAC (Multi Agency Risk Assessment conferen}, REAP, NHS Hillingdon, The Sharan Project, Belina GROW, Sahan Society Centre, and many other organisations via e.g. Domestic Violencelcrime prevention meetings. The Charity is continually reviewing its partnership and nelworking activities to further the work of the Centre and carry this into the community. Page 2
HILLINGDON WOMEN'S CENTRE TRUSTEE REPORT FOR THE YEAR ENDED 31 MARCH 2024 Objectives The Memorandum states that the charity's objective is "to promote any charitable purpose for the benefit of women resident in Hillingdon., Our objectives include the advanrnent of education, relief of povety, protection of health. facilitation of recreation and leisure time occupations to improve social welfare and condib'ons of women's lives. The services that we have delivered over the past year can be categorised between those which provide individual one-to-one support and those which are group-related activities. Support Advisors provide infomiation, advi, and guidan to our service users. They guide women with empathy and compassion in areas such as welfare benefits, finance, education, well-being. women's rights, and basic housing issues. Domests"c Abuse Caseworkers provide individualised and ongoing support to women in crisis. Linked to this, is our Pathways to Healing (PTH) Domestic Abuse recovery programme for women who are now safe but need support as they work toward building a new life, free of violence. Our group activities and events are aimed at developing skills, reducing isolation, and fostering sisterhood. They touch on different topics such as health and well-being and unhealthy relationships. We know how important it is to create links with community members and groups to deliver relevant services. This year we have strengthened our relationship with local community women's groups to ensure we work together to support women, share best practices, and amplify women's voices in the community. Strategies for Achieving Objectives Hillingdon Women's Centre (HWC) has been supporting the needs of women since 1986 as a unique service in our local community. We are a small charity run by and for women aged 18+ that offers a safe and non-judgmental space where women can freely share their concerns and get tailored support and guidan. We have established ourselves as a trusted and respected organisation within the borough. Our vision is for a world where all women can lead safe, independent, and thriving lives. We continue to deliver in line with our five-year plan 'Strength to Strength, which was established in 2023. This plan builds on the core services that we have running today and aims to introduce a new aspect linked to DA prevention. We want to support this theme through the delivery of awareness workshops for all women. These will help women better understand what consb'tutes abuse, how to recognise the signs of an unhealthy relationship and where they can tum to for additional support. Page 3
HILLINGDON WOMEN'S CENTRE TRUSTEE REPORT FOR THE YEAR ENDED 31 MARCH 2024 Activities for Achieving Charitable Objectives HWC provides comprehensive, trauma-informed services and helps women navigate their lives beyond an immediate crisis, including general information and advice, practical support for survivors of gender violen, legal advice through pather solicitors, and wellbeing workshops. We also work alongside other community organisations addressing Violence Against Women and Girls. Over this past year we have supported 906 unique women providing them with essential information and servIs. Around 35 % of these women have received more in-depth case work with either our support advisor or one of our DA caseworkers. Demand for Domestic Abuse (DA) support provision continues to rise, and we know that at least 81 % of women accessing our services are victimslsuNivors of Domestic Abuse (current and historic). This is the highest figure we have seen to date and highlights how we have become a specialist service in the community, reputable for providing trauma-informed DA support for both women in crisis and for those who are now safe. Our ability to deliver this seNice within the community was enabled with continued support from The London Borough of Hillingdon who ftjnd some of the staff salaries and core operational activities of the Centre. This allowed us to work in partnership with Women in the Community NebNork, the Beck Theatre and Hillingdon MyHealth to deliver the International Women's Day hybrid event. Additionally, an unrestricted grant from Garfield Weston Foundation enabled the delivery of core services such as our workshops and general advi and support. Our core activities were also supported through the generosity and funding of individual donors and community groups such as; The Ten Percent Foundation, Desor & Co, Hyllendue Lodge 9 Number 7206 of Craft Freemasons, Pride Ickenham Lodge of the Rotary Club, MFWI Ruislip, Coca Cola Foundation, Drapers Company, Buckinghamshire New University. Christchurch, and St Giles Church. All donations both big and small enable us to continue to serve our community and we are very grateful. We would also like to offer thanks to some of our funders this year who enabled us to continue to deliver some key projects. Domestic Abuse Su ort Service Our Specialist Domestic Abuse (DA) servi comprises support during and after the crisis. 81 % of all women we support are either victims of current abuse or are survivors of historic abuse. This translates into 295 women acSsIng our DA seNices. (one-to-one Casework and Pathways to Healing) Our team delivered over 1,080 support interventions (i.e face to face appointments, phone appointments, emaillSMS support for one-off and longer-term cases) which equated to Page 4
HILLINGDON WOMEN'S CENTRE TRUSTEE REPORT FOR THE YEAR ENDED 31 MARCH 2024 almost 500 hours, worth of support to victim/survivors of Domestic Abuse. This could only be achieved through funding for our DA caseworkers provided by Henry Smith Charities (second year) and the other by The National Lottery (third year). They provide emotional and practical support to women currently experiencing abuse. They aim to assess the risk and create a safety plan wth the service user.our Caseworkers will inform victimslsurvivors of their rights and options and support their decisions. If further support is required, the Caseworker will continue to offer practical and emotional support for as long as needed. It is important to note that we also support women experiencing post-separation abuse. Caseworkers will always adopt a multi-agency approach to ensure the best outcomes possible. Pathwa s to Healin Pro ram - The funding provided by Henry Smith Charities also enabled us to continue with the delivery of our key DA programme. We were able to deliver 4 cohorts again this year and continue to help women improve on their self-confidence and self-esteem. The Women's Hub The Women's Hub is a project that aims to support women-led community groups in Hillingdon by securing venues for group meetings, encouraging networking and collaboration, and building capacity for the facilitators, so that they may work toward greater self-sufficiency for their groups. The Women's Hub has been funded by the Greater London Authority through Civil Society Roots 3 (CSR3), a grant programme aimed at addressing structural inequalities and strengthening communities in underserved boroughs of London. Through this funding, we have not only been able to support these women's groups, but also build our capacity as an organisation through their comprehensive support programme consisting of a variety of skills workshops and pan-London networking events. Through the CSR3 programme, we have been able to support three groups.. Austin Sewing Club, Afghan Women's Support Group and Hinda's Fitness Club. These groups provide a vital network and support systems for women in the borough who might otherwise not have one. Financial Review The Trustees would report that the income of the charitable company in respect of unrestricted funds was £76,584 (2023 - £67,471). The income in respect of restricted funds was £91,237 (2023 - £114,054) The statement of financial activities shows that the total resources expended was £77,613 for unrestricted and £86,643 for restricted funds. As a result, we are reporting a net financial gain of £3,565. Early payment of grants for projects running throughout 2024 means that we are carying forward restricted fvnds of £20,552. Reserves Policy The Trustees recognise the need to hold reserves to allow protects.on of all core activities in the event of income shortfalls and cash flow problems and to promote baland long-term strategic planning. Our policy is to hold circa 3 months of costs in reserve and in light of the current expenditure remains at around £40,000. Our reported unrestricted reserves for the end of this year (March 2024) are £41,733 Page i
HILLINGDON WOMEN'S CENTRE TRUSTEE REPORT FOR THE YEAR ENDED 31 MARCH 2024 Risk Management The Trustees continue to review risks on a regular basis at the monthly Board of Trustee meetings. We look to identify mitigating acttons to ensure that we reduce any potential impact to which the charity is exposed. In particular those relating to the operations and fInanS of the charity. Review of fundraising Fundraising remains a focal point for Ihe Chartty as we need to raise sufficient money to cover on-going operational costs, including staff salaries. We have been fortunate to receive a grant from London Borough of Hillingdon this year but going forward the council is moving away from grant provisioning to commissioning of seNices. Considering this we have been focused on grant applications which cover multiple years and have been successful a number of these as detailed below. Plans for the Future We plan to continue our current services to ensure they remain meaningful and robust. We have secured additional grant funding through City Bridge Foundation which will enable us to deliver our support advisory Servi for the next five years. This officially CoMmend in January 2024. We have also secured a two-year grant from London Community Fund - MOPAC VAWG Grassroots Fund, for a third DA caseworker to specifically support minoritised ethnic members of the community. This also commenced in January 2024. Finally, a further five-year grant has been confirmed by The National Lottery Community Fund Reaching Communities to continue to provide the full DA Specialist Service once the current grants from Henry Smith Charities and TNL are completed. Trustees Responsibilities The Trustees (who are also directors of Hillingdon Women's Centre for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 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 reSoUrs, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: Select suitable accounting policies and then apply them consistently. Observe the methods and principles in the Charities SORP. Make judgements and estimates that are reasonable and prudent. State whether applicable UK Accounting standards have been followed, subject to any material departures disclosed and explained in the financial ststements. Prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charitable company will conts.nue in business The trustees are responsible for kpIng proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and Page 6
HILLINGDON WOMEN'S CENTRE TRUSTEE REPORT FOR THE YEAR ENDED 31 MARCH 2024 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. The report of the Trustees has been prepared in accordance with the special provisions relating to companies subject to the small companies. regime within Part 15 of the Companies Act 2006. Audit Exemption For the financial year in question the company was entitled to exemption under section 47 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordan with section 476 of the companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordan with the provisions applicable to companies subject to the small companies, regime. Approval This report was approved by the Board of Trustees at the AGM on 20th November 2024 and signed on its behalf, by". Neeta Desor, Chair Page 7
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF HILLINGDON WOMEN'S CENTRE FOR THE YEAR ENDED 31 MARCH 2024 report to the charity trustees on my examination of the accounts of the company for the year ended 31st March 2024 which are set out on pages 9 to 16. Responsibilities and basis of report As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordan with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Chanty Commission under section 145{5)(b) of the 2011 Act. Independent examinerfs ststement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act., or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination,. or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practi for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Kashif Yasin FCCA clo Acctax Direct LLP Chartered Certified Accountsnts Boundary House, Crickeffield Road, Uxbridge UB8 1 QG Date: sir 3<4- Pagc 8
HILLINGDON WOMEN'S CENTRE STATEMENT OF FINANCIAL ACTIVITIES (Incorporating Income and Expenditure account) FOR THE YEAR ENDED 31 MARCH 2024 Restricted income funds un$tCted funds Total funds 2024 Prior year 2023 Income and endowments from: Donations and legacies (Note 2) 76.234 91.237 167,4711 181,175 Other trading activities (Note 3) 350 350 350 Total 76.584 91,237 167,821 181,525 Expenditure on: Charitable activities (Note 4) 77,613 86,643 164,256 170,592 Total 77,613 86,643 164,256 170,592 Net incomel(expenditure) - (Note 5) 1,029 4,594 3,565 10,933 Other recognised gainslEosses Net movement in funds 1.029 4.594 3,565 10,933 Reconciliation of funds.. Total funds brought forward (Note 11) 42,762 52.234 94.996 84,063 Total funds carried fonvard 41.733 56.828 98,561 94,996 All income and expenditure is derived from continuing activities. The Statement of Financial Activities includes all recognised gains and losses. The notes on pages 11 to 16 form part of these financial statements. Page 9
HILLINGDON WOMEN'S CENTRE BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2024 UDrestricted Cunds Restricted funds 2024 Total 2023 Total Fixed assets Tangible assets {Note 8) 36,276 36,276 39,591 Total fixed assets 36,276 36,276 39.591 Current assets Cash at bank and in hand 46,014 20,552 66,566 59,544 rotal current assets 46,014 20,552 66,566 59,544 Credrtors.. amounts falling due within one year (Note 101 4,281 4,281 4,139 Net current assets/(liabilities) 41,733 20,552 62,285 55,405 Total assets less current liabilities 41,733 56,828 98,561 94,996 Funds of the Charity Restricted funds (Note 11) 56,828 56,828 52,234 Unreslricted funds {Note11) 41,733 41,733 42,762 Total funds 56,828 94,996 The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit An accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for compljqng with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to small Companies subject to the small companies, regime and in accordance with FRS102 SORP. Approved b the board of trustees at the AGM on 20th November 2024 and signed on their behalf byp Neeta Desor. Chair The notes on pages I I to 16 form part of these financial statements. Page 10
HILLINGDON WOMEN'S CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1. ACCOUNTING POLICIES Basis of preparation and assessment of going concern The charity Gonstitutes a public benefit entty as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Chartties." Statement of Recommended Practice applicable to chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102), the Charities Act 2011. the Companies Act 2006 and UK Generally Accepted Accounbng Practice. The financial ststements are prepared on a going concem basis under the histoncal cost convention. The financial statements are presented in sterling which is the functional currency of the charity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwse stated. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concem. Income recognition Items of income are recognised in the financial statements when all of the following crtteria are met= The charity has enttilement to the fvnds: any performance conditions have been met or are ftjlly within the control of the charity,. there is sufficient certainty that receipt of the income is considered probable,. and the amount can be measured reliably. Contract income is recognised as the charity eams the right to consideration through the performance of its services_ Expenditure recognition Expendtture is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement 11 be required and the amount can be measured reliably. Expenditure is classified under the followng activty headings- Expenditure on charitable activities which comprises the costs of running the various aGttvities and services for the charity's beneficiaries. Expenditure includes those costs of a direct nature which can be allocated to a specific activity. It also includes indirect costs. including governance costs that do not relate to a specific activity but are necessary to support them. Support Costs are apportioned to each activity on the basis of staff time. Pagell
HILLINGDON WOMEN'S CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1. ACCOUNTING POLICIESlcontd... Fund accounting Unrestricted general funds are those funds which are freely available for use in furtherance of the objects of the charty and which have not been designated for spectfic purposes. Restricted funds are funds which can only be used in accordance with specific restrictions imposed by the donor or which have been raised for a particular purpose. Fixed Assets The freehold propety was purchased during the financial year 1985186 using funds from the GLC of £70,283 including interest. The total cost was £90,717. The upstairs residential flat is let on a 125 year lease which commenced 1st January 1983. The charity receives ground rent and service charge of £350 each year for this propety. Depreciation is provided at the following annual rates in order to write off each tangible asset over its useful economic life. Freehold property Fixture & fittings Computer equipment 2% oncost 25 % on cost 25 % on cost 2. DONATIONS Unrestricted Restricted 2024 Total funds funds funds 2023 Total funds Donations and gifts General grants provided by governmentlother charities Crowdfunding - matched by Coop 26,234 26,234 17,121 50,000 91,237 141,237 162,604 1,450 76,234 91,237 167,471 181,175 Of the £181,175 recognised in 2023, £67,121 related to unrestricted funds and £114.054 to restricted funds. 3. OTHER TRADING ACTIVITIES Unrestricted Restricted 2024 Total fund$ funds funds 2023 Total funds Ground Renuservice Charge 350 350 350 350 350 350 All of the £350 recognised in 2023 related to unrestricted funds. Page 12
HILLINGDON WOMEN'S CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 4. EXPENDITURE ON CHARITABLE ACTIVITIES Restricted income funds 2023 Total Funds Analysis of expgnditure Unrestricted funds 2024 Total funds staff Costs - Wa es & Salaries 57,944 73,299 131,243 124,254 Staff Costs - Pensions 4,293 2,935 7,228 6,752 Staff Costs - Travel Costs Staff Costs - Other trainin etc 2.926 590 3,516 1,731 Establishment - Rates & Water 379 355 734 679 Establishment - Li ht & Heat 768 718 1,486 1,151 Estsblishment- Re airs & Maintenance 1.212 1,212 5,747 Estsblishment- Tele hone & Internet 455 426 881 923 Establishment - Other Professional - Insurance 1,238 489 1,727 1.606 Professional - Accountanc Fees 860 340 1,200 1,200 Professional- Le al Fees Professional - License Fees 2,027 2.027 2,321 Professional - Other ob Adverts 429 429 Pro ect Costs 880 3.814 4,694 19,099 Office Ex enses - Domain Setvices Office Ex enses- Printer 185 185 370 550 Office Ex enses- Su lies 906 906 597 Office Ex enses - Ucheck 150 150 50 Office Ex ense - Service User Aid 108 Office Ex enses- Dues and Subscri tions 31 Offices Ex enses - Mobile Phones 308 43 351 362 Office Ex enses- Marketin 400 134 534 115 Offices Ex enses- Small E ui ment 2,023 2,023 Office Ex enses- Other 230 230 De reciation 3.315 3,315 3,316 Total expenditure on charitable activities 77.613 86.643 164,256 170,592 Of the £170,592 expenditure recognised in 2023, £55,721 was Gharged to unrestricted funds and £114,871 was charged to restricted funds. Page13
HILLINGDON WOMEN'S CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 NET INCOMEI(EXPENDITURE} FOR THE YEAR 2024 2023 Net incomel{expendTture) for the year is stated after charging" Deprectiation of tangible fixed assets. Independent examiners fee., £3,315 £1,200 £3,316 £1,200 TRUSTEES REMUNERATION AND EXPENSES There was no trustee remuneration this year or last and there were no expenses reimbursed to trustees this year or last. 7. STAFF COSTS 2024 2023 Salaries and wages Social security costs Pension costs (defined contribution pension plan) 131,243 4,144 3.084 124,272 3,751 2,982 Total staff costs 138.471 131,005 There was no employee whose emoluments as defined for taxalion purposes amounted to over £60,000 in either year. The average number of employees, calculated on a full-time equivalent basis, was 4 {2023 - 4) Total employee benefits received by key management amounted to £33,897 (2023.. £30,694). Under FRS 102, employee benefits includes gross salaries. employerfs national insurance, employer's pension contributions and benefrts in kn'nd. 8. TANGIBLE FIXED ASSETS Freehold land & buildings Fixtures, fittings and equipment Total Costs at 1 April 2023 Additions Disposals Costs at 31 March 2024 90,717 6.007 96,724 90.717 6,007 96,724 Depreciation at 1 April 2023 Charge for the year Disposals Depreciation at 31 March 2024 52,627 1,814 4,506 1,501 57,133 3,315 54,441 6.007 60,448 Net book value at 31 March 2023 Net book value at 31 March 2024 38,090 1,501 39,591 36,276 36,276 Pagc 14
HILLINGDON WOMEN'S CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TAXATION The charitable company is exempt from corporation tax on its charttable activities carried out during the year. 10. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR This year 2024 Last year 2023 Accruals and deferred income 1,200 1.200 Taxation and social security 3,081 4,281 2,939 4.139 Total 11. STATEMENT OF FUNDS Fund balances 01 Apr 2023 Fund balances 31 Mar 2024 Income Expenditure Restricted Funds 52,234 42,762 91,237 76,584 86,643 77,613 56,828 41,733 Unrestricted fvnds 94,996 167,821 164.256 98,561 The purpose of restricted fijnds is described in detail in the Trustees report. Comparative information for the previous financial year is as follows- Fund balances 01 Apr 2022 Fund balances 31 Mar 2023 Income Expenditure Restricted Funds Unrestricted funds 53,051 31,012 114,054 67,471 114,871 55,721 52,234 42,762 84.063 181.525 170,592 94,996 Page 15
HILLINGDON WOMEN'S CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. ANALYSIS OF NET ASSETS BEfwEEN FUNDS Total Funds Unrestricted Restricted Tangible Fixed Assets Current Assets Current Liabilities 36,276 20,552 36,276 66,566 (4,281 46,014 (4.281 } 41,733 56,828 98,561 Comparative inforniation for the previous financial year is as follows- Total Funds Unrestricted Restricted Tangible Fixed Assets Current Assets Current Liabilities 39,591 12,643 39,591 59,544 (4,139} 46.901 (4,139) 42,762 52.234 94,996 13. COMMITMENTS UNDER OPERATING LEASES The total future minimum lease payments due under non-cancellable operating leases are as follows: 2024 2023 Within one year Within one to five years 234 234 234 £234 14. CONTINGENT ASSETS Total grant funding awarded as at 31 March 2024 but not yel received and recognised as income due to the recognition criteria not being met amounts to £288.163. Page 16