New Dawn New Day Ltd (A company limited by guarantee) Unaudited Financial Statements Year ended 31st March 2024 Charity number: 1034869 Company number: 02898859
New Dawn New Day Ltd {a company limited by guarantee) Year ended- 31. March 2024 CONTENTS Contents Report of the Trustees Report of Independent Examiner ststement of Financial Activities Balance Sheet Cash flow statement Notes to the Financial Statements PAGE 3-11 12 13 14 15 16-23 Page 2
New Dawn New Day Ltd ( A company limited by guarantee) Report of the trustees for the year ended 31" March 2024 The trustees are pleased to present their report together with the unaudited flnancial statements of the charity for the year ending 31st March 2024. Reference and administratlve detslls Charity Name: New Dawn New Day Ltd Charity number: 1034869 Company number: 02898859 Re8iStered Office: 3 Museum Square, Lelcester, LEI 6UF Independent Examiners: Celerica Limited, Certified Accountants, First Floor, The Old Chapel 9 Kempson Road, Lelcester, LE2 BAM Bankers: Lloyds TSB Ltd, 7 High Street, Leicester, LE14FP Dlrectors and trustses The directors of the charltable company {the charity) are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees. The trustees serving during the year and since the year end were as follows: Roohi Mehra (Chair) {Appointed 14 Aug 2024} Thomas Gill Roshnl Lad Wendy Kerr (retired 13 March 2024) Alison Weatherley Peterjones Kelly Mccormack (retlred 13 September 2023) Chief Executive Officer: Sara Swire Company Secretary: Sara Swire Structure, Governance and Management Governing Document The organisation is a charitsble company limited by guarantee. incorporated on 16 February 1994, and registered as a charity on 11 March 1994. The companywas established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Artlcles of Association. Recruitment and Appolntment of the Board of Dirertors The dlrectors of the company are also charity Trustees for the purposes of charty law and under the company's Articles are known as members of the Board of Directors. Trustee Inductlon and Training Trustees are recrulted through our networks and through advertising locally and nationally. Each potential trustee is given a brlef which includes a role description and information about the organisation and the seNices, and legal responslblllties of trustees / company directors. Page 3
New Dawn New Day Ltd (A company limited by8uarantee) Report of the trustees for the year ended 31. March 2024 Prospective Trustees are required to complete an application form and are then interviewed by the Board. Each newtrustee receivesa Welcome Pack, whlch Includes more detailed information about the role, the service5 provided and. trustee responsibilities and infomiation about meetings, sub- groups, and relevant policy documents. In-house induction and training are provided. Regular skills audits / training needs analysls are carried out and appropriate training courses identified for trustees to participate in. Related Parties For the period covered by this report New Dawn New Day Ltd held contracts with the following parties: Ministry of Justice The National Lottery Fund Office of the Police and Crime Commissioner for Leicestershire The Cyrenians (Operating as Changing Lives) The Nationwide Foundation There are no related parties associated with any of the trustees with whom the Centre transacts. Organlsatlon The Board of Directors meets quarterly to discuss the business of the charity, agree and review strategic and operational plans and an annual "time ouv, session is held for lon8 terms planning and to review effectiveness of governance arrangements. There are Finance, Audlt and Risk sub-committees, which also meets quarterly to review our risk register, review performance against service contracts and to revlew fundraisin8, income, expenditure, and financial plans. A Chief Executive is appointed by the Board of Dlrectors to prLwide leadership to charity and Chief Operating Officer is appointed to oversee the day-to-day quality and delivery of services and activities. An annual review of their work is also carried out. The Board of Directors also appoint independent specialists to provide advice in connection with legal matters such as finance, investment and employment law. Risk Management The Board of Directors conducted a review of the major risks to which the charity is exposed. A risk register has been established and is reviewed regularly by the Trustees and updated as neSsary. Where appropriate, systems or procedures have been established to rnitigate the risks the charity faces. The charity ensures that all appropriate policie5 and procedures are in place for the effectlve runnln8 of the charity. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charlty and its seNice users. Page 4
New Dawn New Day Ltd (A company limited by guarantee) Report of the trustees for the year ended 31X March 2024 Four principal risk areas have been identified as operatlonal, flnanclal, reputational and compllance risks and a comprehensive risk profile and mitigation plan has been developed which is reviewed every 6 months. Objectives and Act5vltles The charityls objects {'ObJectd) are specificalty restricted to the following: To promote the benefit and improve the life experience of women and their families resident in particular but not exclusively in the city of Leicester and the counties of Leicestershire and Rutland by the provision of education and to provide facilities in the interest of Social welfare for recreation and other leisure time occupation- in particular for women who experience disadvantage and inequality in their lives supporting them to overcome poverty and other obstacles including those related to education, employment, health, youth, age, disability, abuse, financial hardship or other disadvantage. New Dawn New Day has worked to promote women's wellbeing for over 35 years and delivers a range of serrfices designed to meet the needs of women and girls, particulartythose who have been impacted by trauma. We are committed to: Improving women's health and wellbein& particularly those who face severe and multiple disadvantage or who are victims and survivors of abuse and trauma. Improving disadvantaged women's social and economic circumstances. Enabling greater social inclusion for women with complex needs. We wlll do thls by: Ensuring that women with complex needs have opportunities to enhance their health, wellbeing, and personal development as well as their economic and social circumstances. Developing qualityearly intervention servicesthat work with women who are at risk of violence, abuse. exploltation, and involvement in the criminal justice system. Offering holistic, wraparound. gender-responsive support to meet the multiple needs of women. Ensuring our services are trauma informed. Influencing local and national policy and Practi to create improvements in services for vulnerable women. Being a collaborative. enterprisin& sufficiently resourced, and sustainable organisation. How we work Page 5
New Dawn New Day Ltd (A company limited by guarantee) Report of the trustees for the year ended 31. March 2024 We provide holistic, trauma-informed support to women and specialise in working with those who present with complex needs, Including women in contsct with the Criminal Justice System and women whose circumstances place them at risk of offending. Women who access our sericeS are referred through the Criminal Justice servi5 (Probation, the Police, prison seICe5}, social care and safeguarding and other specialist services such as housing and homelessness. mental health, drug and alcohol and domestic and sexual abuse serrfices. Interventlons include One-to-one social and emotional support. advice. and advocacy Supported and coordinated referral for specialist services such as domestic abuse, substance misuse, mental health. money advice services etc Trauma-informed group and psycho-educational programmes Education and support into volunteering and employment Peer support The following principles underpln our work We believe that all women and girls have the right to reach their potential and to live their lives free from trauma and abuse. Women affected by poverty, trauma and abuse have the potential to transform their lives through the provision of a safe envlronment and hi8h quality, gender responsive, trauma- informed and trauma-responsive support. Women have the right to expect accessible, appropriate, and timely support to address thelr individual needs. Women have many needs and no one service can meet the needs of any one woman. We must therefore attively collaborate and work in partnership with other agencies to enable a co- ordinated package of 5UPPOrt to be provided. Women using our services have the right to have their say in how these serVIS are run and become involved in the development and delivery of these services. Public Benefrt Statement The Trustees have considered the general 8uidance on public benefit 155ued by the Charity Commission and has tsken due regard of that guSdance. The Trustees consider that they are 5ati5fied that the charitys activities do provide a wide public social benefit and that they are aware of the guidance and have taken it into account when making decisions to which the guidance is relevant. Flnanclal Review We have continued to attract investment in our services through contracts for services and charitable grants. Page 6
New Dawn New Day Ltd (A company limited by guarantee) Report of the trustees for the year ended 31, March 2024 We have continued to be contracted to provide specialist women's community services for women who are in contact with the criminal justice system, including those on Probation and those referred to New Dawn New Day under an Out of Court Resolution. The Just Women Project is tailored to women who are at risk of repeat offending. Women are referred by the Police following an arrest, or by the Probation Service if they are serving a community sentence or have been released on Licence from prison. This approach keeps families together, retains jobs and homes and most importantly, gives women the support they deserve to make long lasting changes in their lives. Our trauma-informed approach and specially tailored programmes are so effective that we have retained this contract for over 14 years. In 2021 we went into partnership with national charity Changing Lives to deliver this contract. broadening the range of our ServIS to women across Leicester and Leicestershire. In 2023 we secured funding from the Minirtry of Justice Interventions Fund to set up the Reach Out project which created a new high intensity wraparound support team with a focus on supporting women who experience significant barriers in accessing and engaging in support. We have also continued to receive support from the National Lottery Community Fund to deliver the "Our Place" project, to create a community in which women feel supported, valued, and safe at New Dawn New Day. This has been actualised by enrolling external volunteer5 and providing a peer mentor training programme for existing clients. By utilising the variety of skills held by volunteers and peer mentors we have been able to provide check in calls, l-l sessions as well support for group programme delivery. This has held up our own team's caseload capacity but also given us the opportunity to provide new activities such as a peer support groups, wellbeing activities such as mindfulness as well as informal drop-in activities and craft sessions. This funding supports U5 to develop a wider range of women's centre services and support greater involvement of women in the development and delivery of our servlces. We have also secured funding until March 2025 to expand our specialist criminal justice IDVA (Independent Domestit Violence Adviser) service. Our IDVA supports women both practically and emotionally. They support with court hearings, obtaining non-molestation orders and invoking Clare's Law, as well as finding refuge spaces, supporting homeless declarations and securing safe accommodation. In 2022 we secured charitable funding to carry out development work with a view to supporting the establishment of specialist, trauma-informed accommodation for women in contact with the criminal justice system. During this year we have used those funds to engage an external consultant to undertake a feasibility study, the recommendations from which will be included in our 2024/25 action plan. We also continued to secure funding directly from the Ministry of Justice to support the implementation of the government's female offender strategy. This included core funding as well as additional project fundinB for a new intensive support service for women with multiple unmet needs. Both funds have significantly improved our financial sustainability. Page 7
New Dawn New Day Ltd (A company Ilmlted by guarantee) Report of the trustees for the year ended 31" March 2024 We continue to work in partnership with our stakeholders to enhance our multi-agency women's centre approach and with the lease on our current premises ending in March 2025 we will be working with key partners to explore the potential for further development of this approach during 2024125. Achievements This report focuses on how well we achieved our aims between 1st April 2023 - 31st March 2024. Our services and activities reached a total of 298 individual women. To the year ending 31 March 2024: We supported 121 women referred via Probation. l(X)% of women referred through this route received a personalised support plan within 5 days of initial appointment. 132 women received support through our specialist women'5 Out of Court Resolution, 92 were referd on a Conditional Caution, and 40 on a Community Resolution. 103 women benefitted from activities and peer support offered through the OUT Place Project. 50 women received support from our Specialist Crlmlnal Justice IDVA {Independent Domestlc Violence Advocate) tsam. 51 women received high intensity support from our Intensive support project. Of women asked 85% would recommend New Dawn New Day to other women. 65% of women accessing the service experienced an enhancement in their emotional well-being. 65% of women showed improvements in their lifestyles, contributing to a reduction in reoffending. 59% of women saw improvements livin8 With their families and within their relationships. 67% of these women now feel more optimistic about their futures, 65% of women feel more equipped to deal with their problems in more appropriate ways then prior to their engagement with NDND. Organisationally we achieved the following.. Cyber Security standards were achieved and certified. The organisational Structure has also been strengthened to empower some of our practitioner staff to take more responsibility for their projects and we have strengthened our senior leadership team via appointing Head of Finance and Resources. This will allow the leadership team to focus on the delivery of the strategic agenda. A number of subgroups and working groups have been convened to enable the Board to focus on more strategic issues rather than the whole Board meeting being taken up with operational issues. Page 8
New Dawn New Day Ltd (A company limited by guarantee) Report of the trustees forthe year ended 31" March 2024 Reserves Policy The Board of Trustees has considered the requirement for New Dawn New Day to maintain an appropriate level of free reserves, being those funds not invested in fixed assets, designated for specific purposes, or otherwise committed. Our policy on reserves has been designed to protect the charity from uncertainties in funding from statutory and grant making bodies, and other financial risks. Its aim is to ensure that there are sufficient funds to meet our contractual obligations, to continue in operation until there has been time to wind down our support safely and ethically to our clients and to allow for time needed to re-organise our operations to meet the contingency. Due to the natu of the work carried out by New Dawn New Day it is essential that we continue operationsfor at least 4 months to enable us to meet the ethical requirements of support contracts with women and to wind down our administrative structures. The Trustee5 have considered the level of free reserves required to cover the following risks.. loss of income because of reductions in contracts or services failure to achieve agreed and necessary fundraising targets the consequences of an event having a major negative reputational impact on the work of the charity Free Reserves Based on this assessment, the Board of Trustees consider it reasonable to hold a minimum financial reseNe of £322,IJJO calculated as follows: 3 months operating costs of £200,IX)O Redundancy liability for current staff team of £60,000 Dilapidation costs on current premises 3 Museum Square £12,000 lease liability on 3 Museum Square £50,0(X) Current free reserves are £400,824 which includes designated fund5 of £158,818. Designated funds The £158,818 proceeds from the sale of the freehold of our former premises at 27 Cantrell Road, Leicester. have been specifically designated and ring fenced as a contribution towards the future acquisition of an accessible property which will serve as the long-term premises for the charity. Investing in a new women's centre is central to achieving our strategic aims. Management and Investment of Reserves The board of trustees will monitor the expenditure of reseNes on a quarterly basis. The financial reserves and designated fund will be invested in interest-bearing bank accounts. Page 9
New Dawn New Day Ltd (A company limited by guarantee) Report of the trustees forthe year ended 31" March 2024 Plans for Future Periods As we move forward, New Dawn New Day remains dedicated to improving the lives of women facing multiple disadvantages and enhancing the sepdices we provide. Central to our future plans is securing the continuatlon of our current contracts while also working Strategicalty to address the wider needs of women and girls in contact with, or at risk of comin8 into contact with, the criminal justice system. A key priorty will be ensuring we are well-prepared to secure the renewal of our contract with the Ministry of Justice, delivering rehabilitative support to women on community orders through partnership wlth the national charity Changing Lives. This contract is due to end in March 2026, and we will actively engage in the recommissioning process to secure its continuation. In addition, several other contracts, including our Independent Domestic Violence Advisor (IDVA) contracts with the Office of the Police and Crlme Commlssioner for Leicestershire and our Ministry of Justice Inter4entlons Fund contract, are due to end in March 2025. We are committed to continuing these vitsl services and will pursue funding to ensure their sustainability. Our National Lottery-funded "Our Place" project is also set to conclude in March 2025, and we will seek funding to continue this work, which provides much-needed support for women in our community. Looking beyond Indlvidual contracts, we are committed to working with key strategic partners to support the development of a wider strategy to address the needs of women and girls in contact with the criminal justice system. We recognize the value of adoptlng a Whole System Approach, which has been implemented In several areas across England and Wales, and we are keen to collaborate with strategic leads in Leicestershire to develop this approach locally. This will allow for more integrated, holistic support, addressing the root causes of women's involvement In the crimlnal justlce system and reducing future risk. In addition to these efforts, we will seek to diversify our income stream5 by identifying and applying for funding from alternative sources. To this end, our board will approve a new three-year funding strategy atthe end of the 2024 financial year. This strategy will allow us to respond to emerging needs with new projects and initiatives. ensurlng that we continue to meet the complex and evolving needs of the women we support. A key area of development will be the implementation of recommendationsfrom our recent feasibility study, which identified the urgent need for specialist accommodation forwomen. We plan to develop partnerships with housing provlders and engage in local strategies to address this gap. Furthermore, we will continue to strengthen our expertise in trauma-informed practi, ensuring that our services remain sensitive and responsive to the needs of women with complex trauma hlstorles. Additionally, we will continue to enhance our expertise in trauma-informed prattice, ensurlng our services remain sensitive and responslve to the complex needs of the women we serve. Finally, to strengthen govemance, our board is planning to recruit a new Chair and trustees, ensuring strong leadership as we pursue these goals and enterthis new phase of development. Page 10
New Dawn New Day Ltd (A company limited by guarantee) Report of the trustees for the year ended 31° March 2024 Trustees. Responslbllltles in Relatlon to the Unaudited financlal Statements The trustees are responslble for preparlng the Trustees, Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the tru5tee5 to prepare financial statements for each year, which grve a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources of the charitable company for the year. In preparing those unaudited financial statements, the trustees are requlred to.. Select suitable accounting policies and then apply them consistently; Observe the methods and principles irb the Charities SORP 2019 (FRS1021: Make judgments and estimates that are reasonable and prudent; State whetherapplicable UK Account5ng Standards have been followed, subject to any material departures dlsclosed and explained in the financial statement- Prepare the unaudited financial statemeirts on the going concern basls unless It Is Inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping properaccountlng records whlch disclose with reasonable accuracy at any time, the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 20)6. They are a150 responsible for safeguarding the a55ets of the charitable company and hence for takin8 reasonable steps for the prevention and detection of fraud and otherirregularities. The trustees are responsible for safeguarding the assets of the charity and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities 2019 IFRS1021 and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companie5. Approved by the Board of Trustees on, and signed on its behalf by: Roohi Mehra {Chalrl Dated.. Page 11
NEW DAWN NEW DAY LTD (LIMITED BY GUARANTEE) INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES OF NEW DAWN NEW DAY LTD FOR THE YEAR ENDED 31 MARCH 2024 We report to the charlty trustees on our examination of the accounts of the company forthe year ended 31st March 2024 which are set out on pages 13 to 23. Responslbllltles and basis of report As the charlty trustees of the company {and also its directors for the purposes of company law) you are responslble for the preparation of the accounts in accordance with requirements of the Companies Act 20061 the 2006 Act"). Having satisfled ourselves that the accounts of the company are not required to be audlted under Part 16 of the 2006 Act and are eligible for independent examination, we report In respect of our examinatlon of your company's accounts as carried out under section 145 of the Charltles Act 2011 ('the 2011 Act l. In carrying out our examination we have followed the Directions given bythe Charlty Commission under section 145{5)(b) of the 2011 Act. Independent Examlner's Statement Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in sectlon 145 of the 2011 Act. We confirm that we are qualified to undetake the examination because we and the examiner are member of the Association of Chartered Certifed Accountants which Is one of the listed bodies. We have completed our examination. We can confirm that no matters have come to our attention in connectlon with the examination giving us 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 the accounts do not accord with those records; or 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 consldered as part of an independent examination; or 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 preparing thelr accounts in accordance with the Financial Reporting Standard applicable to UK and Republlc of Ireland {FRS 102) We have no concerns and have come across no other matters in connection with examination to which attention should be drawn in this report in orderto enable a proper understanding of the accounts to be reached. CELERICA LTD CHARTERED CERTIFIED ACCOUNTANTS FIRST FLOOR THE OLD CHAPEL 9 KEMPSON ROAD LEICESTER LE2 8AN Dated . 11.lJi.12J4 Pagè 12
NEW DAWN NEW DAY LTD (LIMITED BY GUARANTEE) STATEMENT OF FINANaAL ACTIVITIES (including Income & Expendlture Account) FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlrted Restrirted Funds Funds 2024 2024 Total Funds 2024 Totsl Funds 2023 Note Income and endowments from: Donations and legacies Charitable artivities Investments Other income: 8,719 490,237 755 16,858 1,356 643,766 660,624 1,356 Total Income and endowments 18,214 643.766 661.980 499,711 ExperKllture on: Raising funds Charitable actlvltles Other (603) 665,728 665,125 514,556 Total expendlture {603) 665,728 665.125 514,556 Net In¢ome 18,817 {21,962) (13,799) {3,145) {14,845) Transfers between funds 13,799 Net movement in funds 32,616 {35,761) {3.145) (14845) RencIliation of funds: Total funds brought forward 368,208 141.124 509,332 524,177 Total funds carrled forward 400A24 105,363 506.187 509.332 All income and expenditure derive from continuing activities. The statement of financial activities Include all gains and losses recognised during the year. Page 13
NEW DAWN NEW DAY LTD IUMITED BY GUARANTEE) Re8iSt•red compary number 02898859 IEn8land & Wales) BALANCE SHEEf AS AT 31 MARCH 2024 2024 2023 FIXED ASSEf5 li CURRENT ASSETS Debtors & prepayments Cash 8t bank Cash in hand 123,724 429,559 85,582 439,689 553,283 525,271 CREDITORS: amounts falllng due wlthin one year Other creditor5 47,096 47,096 15,939 15,939 NET CURREwfASSETS 5Q6,187 506.187 509,332 NET ASSErs 509.331 FUNDS Unrestrlcted De5i8nated Re5trlcted 242.006 158,818 105.363 506.187 209,390 158,818 141,124 509.332 The charltable company is ertltled to exemption from audlt under Sectlon 477 of the Companles Act fortheyear ended 31 March 2024. The members have not requlred the charltable company to obtsin an audit of the flnancial ststements for the year ended 31 March 2024 In accordance with Sectlon 476 of the Companles Act 2016. The trustees acknowledge thelr responslblllties for: a) ensurlng that the tharltable company keeps accounting records that comply with Sectlons 386 and 387 of the Companles Act 2006 and b) preparing financial statements which give a true and fair view of the state of the charftable company as at the end of the financial year and of Its surplus or deficit for each finantial year in accordan with the requlrements of Sectlons 394 and 395 and which otherwise comply wlth the requirements of the Companie5 Act 2006 relatln8 to financial statements, $0 far as appllcable to charitable company. These flnanclal statemenls have been approved in accordance wlth the special provislons of Part 15 of the Companie5 Act 2006 relating to small charltable companles. The financial statements were approved by the Board ot Trustees on and slgned on thelr behalf by., Roohi Mehra Ichair) The notes on pa8e$ 16 to 23 form part of these accounts Pege 14
NEW DAWN NEW DAY LTD (LIMITED BY GUARANTEE) Registered company number 02898859 (England & Wales) CASH FLOW STATEMENT ASAT 31 MARCH 2024 2024 2023 Cash flow from operating activities Depreciation of tangible fixed assets Ilncreasel/decrease in debtors Increase/(decreasel in creditors Bank interest received Bank interest paid (3,145) (14,845) (38,142) 31,157 (1,356) (3,4221 {10,9731 (755) Net cash flow from operating activlties (11.486) (29,995) Cash flow from investment activities Purchase of tangible fixed assets Interest recelved 1,3S6 755 Net cash flow from investlng artivities 1,356 755 Cash flow from flnancing actlvltles Receipts from issue of long term loans Repayment of long term loans Interest pald Net cash flow from financing activities Net 5ncrease/{decrease) in cash and cash equivalents (10.130) {29.240) Cash and cash equivalents at 1st April 2023 439,689 468,929 Cash and cash equivalents at 31st March 2024 429,559 439,689 Cash and cash equivalents consists of: Cash at bank and in hand 429,559 439,689 Cash and cash equivalents at 31st March 2024 429,559 439,689 The notes on pages 16 to 23 form part of these accounts Page 15
NEW DAWN NEW DAY LTD (LIMITED BY GUARANTEE) Notes to the financial statements for the ear ended 31 March 2024 l Accountlng Policies l. Summary of significant accountlng policies a General Inf0MtIOn and basis of preparation New Dawn New Day Ltd is a registered charity in England and Wale5 and also a company limited by guarantee. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the Charity. The address of the charity's head office is gSven on page 3 of these financial statements. The nature of the charlty's operations and principal activities detailed on page 5 of these financial statements. The charity constitutes a public beneflt entity as defined by FRS 102. The financial ststements have been prepared in accordance with 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 1021 16 July 2014 (as updated through Update Bulletin I published on 2 February 2016, the Financial issued on Reporting Standard applicable in the United Kingdom and Republlc of Ireland {FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practlce. The financial statements have been prepared to give a "true and falr" view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent requlred to provide a "true and fair" view. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practlce appllcable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effectlve from l April 2005 which has since been withdrawn. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at falrvalue where considered necessary. The financial statements are presented in sterfing which is the functional currency of the charity and rounded to the nearest pound. b Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise UnstrICted funds that have been set aslde by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financlal statements. Restrlcted funds are funds which are to be used ir• accordance with specific restrictions imposed by donors or which have been raised by the charity for partlcular purposes. The cost of raising and administering such fvnds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Page 16
NEW DAWN NEW DAY LTD (LIMITED BY GUARANTEE) Notes to the financial statements for the ear ended 31 March 2024 Continued l Accounting Poll¢les (Continued) l. Summary of slgnificant accounting pollcies (Contlnued) c Income recognltlon All incoming resources are included in the Statement of FSnanclal Artlvltles (SOFA) when the charity is legally entltled to the income after any performance of condition5 have been met, the amount can be measured reliably and it is probable that the income will be received. For donations to be reco8nlsed the charity will have been notified of the amount5 and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then Income Is deferd until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the glft to the charity. A correspondlng amount is recognised in expenditure. No amount of time is included in the financial statements for volunteer tlme In Ilne wlth SORP. Further detail is given in the Trustees Annual Report. Where practicable, gifts in kind donated for distribution to the beneficiaries of the charlty are included in stock and donations In the financial statements upon receipt. If it is impractlC3ble to assess the fair value at receipt or if the costs to undertake such a valuation outweigh any benefrts then the fair value is recognised as a component of donations when St is dlstrlbuted and an equivalent amount recognlsed as charitable expenditure. Gifts in kind donated for resale are included at fair value, being the expected proceeds from sale less the expected cost of the sale. Where estlmating the fair value is practicable upon receipt It Is recognised in stock and "Income from other trading activities" Upon sale, the the value of stock is charged against"Income from trading activities" and the proceeds are recognised as'lncome from other trading actlvltles" Where it is impracticable to fair value the items due to the volume of low value items they are not recognised in the financial statements until sold. This income is recognised within "Income from other trading activities" The charity recelves various grants in respect of providing its aims and objectives. Income from grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the Income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. Income from trading activities includes income earned from fundralslng events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. Investment income is earned through holding assets for investment purposes such as interest. Interest income is recognised using the effective interest method. Any dividend and rent income is recognised as the charity's right to receive payment is established. Page17
NEW DAWN NEW DAY LTD (LIMITED BY GUARANTEE) Notss to the financial statements for the ar ended 31 March 2024 Contlnued l Accountlng Pollcles (Contlnued) l. Summary of signlficant accountlng pollcies (Continued) Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: Cost of raising funds Expenditure on charitable activities Other expenditure represents those items not falling into the above categories. Irrecoverable VAT is charged as an expense against the activity for which the expenditure arose. e support costs allocatlon Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs and administrative costs. They are incurred directly in support of expenditure on the objects of the charity. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating informatlon In support of the charitable activities. The analysls of these costs Is in included in note 6. Tanglble flxed assets No depreclatlon Is provlded on tangible fixed assets. Assets are written off at the time of purchase. This is contrary to the requirements of Financial Reporting Standard Number 15 The trustees consider that these assets will have a small residual value at the end of each financial year. Debtors and creditors receivable / payable wlthln one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. Provisions Provi5ion5 are recognised when the charity has an obligation at the balance sheet date as a result of a past event, It is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. l Leases Rentals payable or receivable under operatin8 leases are charged to the SOFA on a straight line basis over the period of the lease. J Taxatlon No provision has been made for taxation as the charity's charitable status renders it exempt from UK direct taxation. Page 18
NEW DAWN NEW DAY LTD (LIMITED BY GUARANTEE) Notes to the financial statements for the ear ended 31 March 2024 Cortinued 2 Income from donatlons and legacles 2024 2023 Donations 8,719 8,719 3 Income from charitable activities Total 2024 Total 2023 Unrestrlrted Restrlrted Procurernent arrangements: Procurement arrangements Other charitable artlvltles: Restrlcted Funds: Cyrenians Ltd (operating as Changing lives) Reducin8 reoffending partnership Ministry of Ju5tice- Interventions fund National Lottery Fund- Our Place Offke of the Police, Crime and Cgmmlssloner for Lelcestershlre- Out of Court Resolution Panahghar DHULC. Resplte Rooms Offlce of the Pollce, Crtrne & Commissioner- Speclallst Crlmlnal Justlce IDVA 2 Offlce ofthe Pollce. Crfme & Commlssioner- Specialist Crirninal justice IDVA LCC- Trauma Informed Safe Accomodation Project Mlnistry of Justice- Women'5 Services core costs furKlin8 Offl¢e of the Police & Crime Commi55i0ner - Therapy Natlomvlde Foundation Unrestrlcted Funds: General funds irKludinB rnanagement 233,339 233.339 145,696 175,388 38,267 32,050 175,388 38,267 32,050 13,552 86,988 32,050 51,004 56,730 56,730 56.730 47,772 47.772 47.772 44.986 9.899 60,220 60.220 16,858 16,858 1,560 16,858 643,766 660,624 490237 Income from charitable activlties was £660,6241£490,237 in 20231. £643,766 {2023:£488,6771 was attributable to restricted funds and £16,85812023: £1,560) was attributed to unrestricted funds. 4 Investment Income Total 2024 Totsl 2023 Bank interest received Income from investments for both years are attributed to unrestricted funds. 1,356 755 Page 19
NEW DAWN NEW DAY LTD (UMITED BY GUARANTEE) Notes to the flnanclal statements for the r ended 31 Mar¢h 2024 Contlnued 5 Analysls of expendlture on tharitable artivities Actlvltles Grant fundin undertaken of direct activities Su costs Total General fvnds includlnB management Restrkted Funds: Cyrenians Ltd loperating as Changlng lfvesl Reduting reoffendlng partnership National Lottery Fund- Our Pla Ministry of Justice- Interventions fund Office of the Police, Crime and Commissioner for Leicestershire- Out of Court Re501ution Office of the Police. Crime & Commissb)ner- Spec4alist Crrminaljustlte IDVA Panahghar DHULC- ReSe Rooms Office of the Police. Crime and Commi55ioner Speci3li5t Criminal Justice IDVA 2 LCC- Trauma Irrformed Safe Accornodation Projett Mlnistry of Justice- Women's Serv1 core ¢osts fundln8 Nationwide Fovndatlon OffiOf the poli & Crime Commissioner - Therapy {603) (603) 233,339 233.339 16,247 175,390 16,247 175,390 32,050 52,476 32,050 52,476 77,977 77,977 60,220 60,220 18,029 18,029 665,125 665,125 £1-603112023.' £6201 of the above costs were related to unrestricted funds. £665,72812023: £513,936) of these costs were related to restrfcted funds. 6 Allocatlon of support Costs Information Premises Total $31ar tosts in¢1 HMRC Penslon Governance Technol Other Totsl Unresirl¢ted Fund5: General fvnds Includln8 management Restrlrted Funds: Cyrenians Ltd loperatln8 as Chan8inB lives) Redu¢in8 reoffendinB partnershlp National Lottery Fund- Our Place 7,104 17,7071 (603) 811 6,699 11,328 177,929 36,572 233,339 263 837 1,416 9,833 3,898 16,247 Mlnbtry of Justice- Interventlons fund Office of the Police, Crimè and Cornmi55ioner for Leicestershire- of Court Resolution Office of the Pollce, Crime & Commis5ioner- Specialist Crimlnal justice IDVA Panah8har DHULC- Respite Room5 Offfte of the Police. Crime and Commissioner O - Specialist Crimlnaljustice IDVA 2 LCC- Trauma Informed SafeAccomodatlon ProRtt Ministry of Justice- Women's services core c0515 fundln8 Nationwide Foundatlon Cfftlce of the Pollce & Crime Commlssloner - Therapy 576 6,187 7,080 120,963 40,584 175.390 310 341 1,340 1,675 2,266 2,832 25,243 37,394 2.892 10.233 32,050 52,476 373 2,010 3,398 37,768 34,428 77,977 59,264 956 60.220 18,029 18.029 2,675 18,746 28,321 475,498 139,885 665,125 Pag8 20
NEW DAWN NEW DAY LTD (LIMITED BY GUARANTEE) Notes to the financial ststements for the ar ended 31 March 2024 Continued 7 Governance costs 2024 2023 Independent examination fees Other 1,110 1,565 2,675 1,110 1,872 2,982 8 Net Income / (expendlture) for the year 2024 2023 Thls Is stated after charging: Independent Examiners Fees 1,110 1,110 9 Independent Examlners remuneration The independent examiner's fees amounts to £l.110 {2023: £1,100). 10 Trustses and key management personnel remuneratlon and expenses The trustees received no remuneration, or expenses reimbursed during the year. 12023: Nil) 11 Staff costs and employee benefits 2024 2024 Full Time Equivalent 2023 2023 Full Time Equivalent Number Number Charitable activities Management and administration 13 12 11 16 15 12 10 The total staff costs and employee benefits were as follows: 2024 2023 Wages and salaries Pension contributions- defined contribution scheme Social security costs 405,630 24,081 45,787 475.498 299,198 22,830 17,232 339.260 No employee recelved benefits exceeding £60,000 per annum. 12 Fixed assets Freehold land & bulldlngs Computer equlpment Flxtures & flttings Totsl COST: As at 31st March 2023 and 2024 10.954 24,608 35,562 DEPRECIATION: As at 31st March 2023 and 2024 10.954 24.6081 35.562) NET BOOK VALUE: As at 31st March 2023 and 2024 Page 21
NEW DAWN NEW DAY LTD (LIMITED BY GUARANTEE) Notes to the financial statements for the ear ended 31 March 2024 Continued 13 Debtors 2024 2023 Trade debtors Prepayments 123,724 79,123 6.459 14 Creditors: Amounts falling duo wlthln one yr 2024 2023 Trade ¢ditOrS Accruals and deferred income Other tax and social security Other creditors 1.289 3.240 8.175 3,235 15,939 6.750 10,488 29,858 47,096 15 Fund reconciliation Balance 01.04.23 Balance at 31.03.24 Income Transfers Ex endiiure General funds Includlro managem&nt 209,390 18,214 13,799 242,006 Doslgnated Funds: Propety sal8 Rèstrlcted Funds: Cyyenians {operallng as Changlng lives) Reduclng re0fflnO partnershlp Mlnlsty of JLtslice- Inttrvenlitins furbj National Lottery Fund- Our Place Offits of the Police. fANne and Commissioner for Leice5tershire- Out of Court RelUtiOn Office ofthe Police, Crime and CommissK - Specialist Crimlnal JuSte IDVA DHULC- Respite Rooms of ofthe Pdlce, &ime and Commisser - Spalist Criminal Justi IDVA 2 LCC- Trauffla PToierA- Safe Accom(xlation fini5ty of JUsti- Women% SeiCe$ ccrfe $ts NatsorMtld8 Foundation Office ofthe Polica & Crime Comm155kJngr - Therapy 158,818 158.818 4.675 233.339 (4,675) (233,339) 7,397 46,525 175,388 38.267 (7.397) (175.390) (16.247) {2) 68.545 15 32.050 (15) (32.050) 4,703 47,772 {52.476) (1) 27.846 56.no {77.977) 1.712 60.220 (1,712) (60.220) 6,250 6250 NaIthw8 Fourthllon 42,001 (18.029) 23.972 509,332 661.980 665,125 506.187 Page 22
NEW DAWN NEW DAY LTD (UMITED BY GUARANTEE) Notes to the financial statements for the ar ended 31 March 2024 Continued 16 Analysis of net assets between funds Unrestrlcted Deslgnated funds funds Restrlcted funds Total Fixed assets Cash and current investments Creditors more than one year 242,006 158,818 105,363 506,187 242,006 158.818 105,363 506.187 17 Leases Operating leases - lessee Finance lease5 primarily relate to the rental of treatment rooms and office space. Total future minimum finance lease payments are as follows: 2024 2023 Not later than one year Later than one and not later than five years Later than five years 25,836 2,153 25,836 27,989 27,989 53.825 18 Pension and other post-retirement benefits The charity operates a defined contribution pension plan for its employees. The amount recognised as an expense in the year was £24,081 19 Financial commitments Total financial commitment5. guarantees and contingencies which are not included in the balance sheet amount to £27,989 {2023: £53,825). 20 Related party transactions There are no related party transaction5 during the year Page 23