Womencentre Homes - Charities report - 21.2

REGISTERED COMPANY NUMBER: 12445679 (England and Wales)

REGISTERED CHARITY NUMBER: 1189204

Report of the Trustees and

Unaudited Financial Statements

for the Period 6 February 2020 to 31 March 2021

for

WOMENCENTRE HOMES

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

Notes to the Financial Statements

7

to

9

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 6 February 2020 to 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

INCORPORATION

The charitable company was incorporated on 6 February 2020 .

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects are specifically restricted to the promotion, preservation and protection of the good physical and mental well-being of women, including (but not limited to) providing social housing.

Public benefit

We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

WomenCentre started to deliver housing to women in 2020-2021.

In April 2020 WomenCentre Homes was registered as a charitable company. The new charity has a board of 6 directors, 2 of whom are on WomenCentre's Board (Chair and Treasurer).

After a slow start due to the pandemic and hold ups with the renovation work at the end of 2020-2021 we had 2 properties, that were bought with a secured loan from the Community Foundation for Calderdale to WomenCentre Ltd., with a third pending from the beginning of 2021-2022. The initial two properties were renovated with a grant to WomenCentre Ltd. from Land Aid.

A formal agreement with Stonewater Housing Association and WomenCentre Homes was signed off in 2020-2021 and properties will start to be leased in 2021 -2022 with others to follow.

At the end of the financial year additional funding to support the housing development was received from the Power to Change Homes in Community Hands Programme, National Lottery Community Fund was secured and paid into the WomenCentre Homes charitable company.

WomenCentre Homes continues to be involved with the Survive and Thrive Network, managed by Preston Road Women's Centre, which is supporting several other women's organisations in developing their property portfolios from social investment loans.

In 2021- 2022 WC will seek to increase our housing portfolio under WomenCentre Homes with a focus on increasing the properties we can provide for the women and children we support.

WomenCentre Homes will also be looking at its approach to the renovation of properties in line with the council green economy zero carbon plans in Calderdale. We are excited about the opportunity to develop our partnership with Land Aid. We also intend to submit bids to Homes England and to hopefully become a Registered Housing Provider as part of the priority area of our work.

Angela Everson WomenCentre CEO

On behalf of the WomenCentre Homes Board

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The charitable company was registered with Companies House, registered number 12445679, on 6 February 2020.

It is controlled by its Memorandum and Articles of Association, dated 6 February 2020 and constitutes a limited company, limited by guarantee.

The charity was registered with the Charity Commission, registered number 1189204, on 24 April 2020.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Liability of members

The liability of members is limited.

The sole member is Womencentre Limited, whose liability is limited to £1.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

12445679 (England and Wales)

Registered Charity number

1189204

Registered office

23 Silver Street

Halifax

United Kingdom

West Yorkshire

HX1 1JN

Trustees

A Dower (appointed 6.2.20)

H M Rhodes (appointed 6.2.20)

G Rhodes (appointed 6.2.20)

M F Smallwood (appointed 6.2.20)

M Wilson (appointed 6.2.20)

H L Wilson (appointed 6.2.20)

Independent Examiner

Riley & Co Limited

Chartered Accountants

52 St Johns Lane

Halifax

West Yorkshire

HX1 2BW

Solicitors

Wilkinson Woodward (Incorporating Boococks Solicitors)

Fountain Street

Halifax

HXl lLU

Bankers

Lloyds

Commercial Street

Halifax

HX1 1BB

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Womencentre Homes for the purposes of company law) are responsible for preparing the Report of the Trustees 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 resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charity SORP;

-	make judgements and estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which 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.

Approved by order of the board of trustees on 2 November 2021 and signed on its behalf by:

M Wilson - Trustee

Independent examiner's report to the trustees of Womencentre Homes ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the period 6 February 2020 to 31 March 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance 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 charity'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 Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

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:

1.	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 Practice 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.

V J Atkinson FCA

Institute of Chartered Accountants in England and Wales

Riley & Co Limited

Chartered Accountants

52 St Johns Lane

Halifax

West Yorkshire

HX1 2BW

2 November 2021

Unrestricted

fund

Notes

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

500

EXPENDITURE ON

Charitable activities

3

Provision of social housing

396

NET INCOME

104

TOTAL FUNDS CARRIED FORWARD

104

Unrestricted

fund

Notes

£

CURRENT ASSETS

Cash at bank

464

CREDITORS

Amounts falling due within one year

5

(360

)

NET CURRENT ASSETS

104

TOTAL ASSETS LESS CURRENT LIABILITIES

104

NET ASSETS

104

FUNDS

6

Unrestricted funds

104

TOTAL FUNDS

104

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 2 November 2021 and were signed on its behalf by:

M Wilson - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Related party exemption

The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of any restricted fund is included in the notes to the financial statements.

2.	DONATIONS AND LEGACIES

£

Grants

500

Grants received, included in the above, are as follows:

£

WomenCentre Ltd

500

3.	CHARITABLE ACTIVITIES COSTS

Support

costs

£

Provision of social housing

396

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the period ended 31 March 2021.

5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Accruals and deferred income

360

6.	MOVEMENT IN FUNDS

Net

movement

At

in funds

31.3.21

£

£

Unrestricted funds

General fund

104

104

TOTAL FUNDS

104

104

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

500

(396

)

104

TOTAL FUNDS

500

(396

)

104

7.	RELATED PARTY DISCLOSURES

There were no related party transactions for the period ended 31 March 2021.

8.	ULTIMATE CONTROLLING PARTY

The sole member of the charity, and therefore ultimate controlling party is WomenCentre Limited.