WOMEN AID AND EMPOWERMENT CIC

Company limited by guarantee

Company Registration Number:
15235527 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 25 October 2023

End date: 31 October 2024

WOMEN AID AND EMPOWERMENT CIC

Contents of the Financial Statements

for the Period Ended 31 October 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Community Interest Report

WOMEN AID AND EMPOWERMENT CIC

Directors' report period ended 31 October 2024

The directors present their report with the financial statements of the company for the period ended 31 October 2024

Principal activities of the company

To provide an effective conduit to encourage businesses and government entities to actively participate in community projects that benefit women and black and minority ethnicities (BAME).

Political and charitable donations

Political Donations The Company made no political donations during this period. Company Status and Objectives The Company is not established or conducted for private gain. Any surplus or assets are used principally for the benefit of the community. Objectives: a) To educate members of Black, Asian, and Minority Ethnic (BAME) communities, including parents, women, and young people, equipping them with skills and knowledge to support themselves and their children. This includes improving their access to training and employment to enhance their economic conditions. b) To educate young people to achieve their potential and promote healthy living. c) To promote the spiritual, moral, social, cultural, health, and well-being development of BAME children towards the attainment of good character and responsible citizenship. d) To provide and equip parents with the knowledge, skills, and competencies needed to advance their children's education. e) To assist community members, particularly young people and women, in accessing training and employment opportunities. f) To promote and maintain the cultural identity and heritage of BAME communities. g) To collaborate with all stakeholders, including local authorities, community leaders, police, voluntary organizations, and other external agencies, for the benefit and development of our community members. Community Training Provision All community training was provided free of charge to community members. No payment was required for participation.

Company policy on disabled employees

The company provides community support to physically and or mentally disadvantage peoples. It is the companies policy to provide opportunity to disable people and aims to help all.



Directors

The director shown below has held office during the period of
8 November 2023 to 31 October 2024

Ms Genet Mengistu


The director shown below has held office during the whole of the period from
25 October 2023 to 31 October 2024

Ms Hanna Assefa Teffera


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
26 May 2025

And signed on behalf of the board by:
Name: Ms Hanna Assefa Teffera
Status: Director

WOMEN AID AND EMPOWERMENT CIC

Profit And Loss Account

for the Period Ended 31 October 2024

2024


£
Turnover: 22,535
Gross profit(or loss): 22,535
Administrative expenses: ( 22,535 )
Operating profit(or loss): 0
Profit(or loss) before tax: 0
Profit(or loss) for the financial year: 0

WOMEN AID AND EMPOWERMENT CIC

Balance sheet

As at 31 October 2024

Notes 2024


£
Current assets
Cash at bank and in hand: 32,520
Total current assets: 32,520
Net current assets (liabilities): 32,520
Total assets less current liabilities: 32,520
Accruals and deferred income: ( 32,520 )
Total net assets (liabilities): 0
Members' funds
Profit and loss account: 0
Total members' funds: 0

The notes form part of these financial statements

WOMEN AID AND EMPOWERMENT CIC

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 26 May 2025
and signed on behalf of the board by:

Name: Ms Hanna Assefa Teffera
Status: Director

The notes form part of these financial statements

WOMEN AID AND EMPOWERMENT CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The company recognizes all income when it has a legal entitlement to the income, it's probable that the income will be received, and the amount can be measured reliably. Grants are recognized in the Statement of Financial Activities on an accruable basis. Any portion of income received for specific purposes but not yet spent during the period is presented within the relevant funds on the Balance Sheet. If income is received before the company is entitled to it, its recognition is deferred and included under creditors as deferred income. Conversely, if entitlement occurs before income is received, the income is accrued. Donated services or facilities are recognized when the company gains control over the item, all associated conditions with the donation have been met, it's probable that the company will receive an economic benefit from its use, and that economic benefit can be reliably measured. Upon receipt, donated professional services and facilities are valued at the amount the company would have been willing to pay to obtain equivalent services or facilities on the open market. A corresponding amount is then recognized as expenditure in the same period of receipt.

    Other accounting policies

    Expenditure Expenditure is recognized once a legal or constructive obligation to transfer economic benefit to a third party arises, it's probable that an economic benefit transfer will be needed for settlement, and the amount of the obligation can be reliably measured. Expenditure is classified by activity. The costs for each activity consist of direct costs and shared costs, including support costs related to undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs, which contribute to more than one activity, and support costs not tied to a single activity, are apportioned among those activities based on resource usage. Central staff costs are allocated based on time spent, and depreciation charges are allocated according to the portion of the asset's use. Expenditure on charitable activities is incurred directly to further the CIC's objectives, along with any associated support costs. Grants payable are charged in the year the offer is made, unless the offer is conditional. Conditional grants are recognized as expenditure when their conditions are met. Grants offered with unfulfilled conditions at the period end are noted as a commitment but not accrued as expenditure. All expenditure includes irrecoverable VAT. Government Grants Government grants related to tangible fixed assets are treated as deferred income and released to the Statement of Financial Activities over the assets' expected useful lives. Other grants are credited to the Statement of Financial Activities as the related expenditure is incurred, with any remaining amount recognized as deferred income on the balance sheet. Cash at Bank and in Hand Cash at bank and in hand includes cash and short-term, highly liquid investments with a maturity of three months or less from their acquisition or the opening of the deposit or similar account. Liabilities and Provisions Liabilities are recognized when an obligation exists at the Balance Sheet date due to a past event, a transfer of economic benefit will probably be required for settlement, and the settlement amount can be reliably estimated. Liabilities are recognized at the amount the CIC anticipates paying to settle the debt or the amount it has received as advance payments for goods or services it must provide. Financial Instruments The CIC only holds financial assets and liabilities that qualify as basic financial instruments. These are initially recognized at their transaction value and subsequently measured at their settlement value. However, bank loans are subsequently measured at amortized cost using the effective interest method. Fund Accounting Restricted funds consist of funds the CIC received for community benefit purposes. The purpose and use of each restricted fund are detailed in the notes to the financial statements. These funds are only included in income when they are spent. Any unspent amounts are included in deferred income at the period end. Cash Flow Statement In accordance with FRS 102 Section 1A, as a small entity, the company is claiming exemption from preparing a cash flow statement.

WOMEN AID AND EMPOWERMENT CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024
    Average number of employees during the period 0

COMMUNITY INTEREST ANNUAL REPORT

WOMEN AID AND EMPOWERMENT CIC

Company Number: 15235527 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

The company's social space and well-being initiatives include weekly chair exercise sessions, two Zumba classes at White City Community Centre, and one Zumba and one chair exercise session per week at Matthew’s Hall and Chiswick Town Hall. Additionally, Acton Vale Community Centre hosts a Zumba session once a week. These activities were provided free of charge for all community members. The Zumba and exercise project is supported by three WhatsApp groups: the first with 231 members, the second with 147 members, and the third with 102 members. While not all participants attend regularly, every woman in these groups has joined at least twice a week throughout the sessions. Furthermore, 45 other women and men have taken part in the classes without joining any of the WhatsApp groups, bringing the total number of participants over the period to 525.

Consultation with stakeholders

The feedback for the service has been overwhelmingly positive, with participants reporting a wide range of different wellness benefits: Mental well-being: feeling happier, lighter. Younger, more energised, less bored, less empty, less stressed and more self-care time and more self-confidence. Physical wellbeing: feeling generally fitter and healthier, losing weight, improved strength and flexibility and relieved from aches and pain. Social wellbeing: no more feeling lonely / Isolation, more confidence to getting to know neighbours, making friends, supporting each other, learning about other Cultures and improving English language skills. Building Skills and Confidence Engaging in the Zumba and exercise program has also played a crucial role in developing participants' skills and boosting their confidence. Through regular participation, individuals have enhanced their coordination, discipline, and perseverance. The program has provided opportunities to learn new techniques, set and achieve personal goals, and push beyond comfort zones. This sense of accomplishment has led to increased self-esteem and a greater willingness to take on new challenges, both inside and outside the sessions. By fostering resilience and determination, the initiative has empowered participants to embrace growth and self-improvement. Based on feedback we welcome broader support and recognition of our efforts in community grant-making and strategic partnerships while exploring sustainable and impactful funding models for the CIC Activities. The Company will continue to seek ways in which it can engage with the business community to continue supporting charitable causes. It will look at how it engages with businesses and charities for future events and partnerships. Community meals will be organised to reduce social isolation and to help community members understand more about healthy cooking and eating on a budget. Grocery shopping – The company aim to give a £50 shopping allowance to 130 people to contribute towards their food bills in the coming financial year.

Directors' remuneration

During the year, Directors receive remuneration or other benefits of £11,780 for providing the Zumba and other training activities for the community members as professional coaches.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 May 2025

And signed on behalf of the board by:
Name: Hana Assefa Teffera
Status: Director