Charity registration number 1080649 DAWN CHARITABLE TRUST (DAWN) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
DAWN CHARITABLE TRUST (DAWN) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs S Kalha MBA, ACIB Mrs N Singh Ms R Dave Ms M Chaggar Charity number 1080649 Principal address 1 Sl Kilda's Road Harrow Middlesex, HA1 1QD Independent examlner Yashlal P Hindocha, BA. FCA Chartered Accountants and Statutory Auditors 34 Queensbury Slalion Parade Edgware Middlesex HA8 5NN Bankers National Westminisler Bank PIC 315 Slalion Road Harrow Middlesex HA1 2AD
DAWN CHARITABLE TRUST (DAWN) CONTENTS Page Trustees. report Independent examiner's report 10 Slatemenl of financial activities 11 Balance sheet 12 Noles lo the accounts
DAWN CHARITABLE TRUST (DAWN) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statements and comply with the charity's Trust Deed, the Charilies Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" {effeclive 1 January 20191. Objectives and activities The charity is committed to addressing poverty, distress, and social isolation within socially marginalised ethnic minority communilies. While maintaining an open and inclusive approach, our specific focus is on Asian heritage women from India. Pakislan, Bangladesh, Afghanistan, as well as newly arrived migrants from the Middle East, former Easlem European slates like Albania. Poland. Romania and Africa who encounter various challenges related to social displacement. These groups often experience difficulties in accessing mainstream support services due to cultural and linguistic barriers, along with a lack of knowledge, social isolation, and confidence in utilising public support setvices. Our primary goal is to provide culturally and linguistically appropriate psychosocial support services. By doing so, we aim lo prevent the escalation ol common mental health issues into more complex, longer-term illnesses that may necessitate intensive and costly interventions, including hospitalisation. This proactive approach not only benefits the individuals involved but also mitigates the socioeconomic costs associated with prolonged mental health challenges for both Ihe individual and the broader economy. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Activities We offer discreet strands of psychosocial support activities lo promote the mental and social wellbein9 of the community comprising..
DAWN CHARITABLE TRUST (DAWN) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 i) Counselling: The impact of counselling is both measurable and profound. Success in counselling is contingent upon effective communication and cultural and linguistic parity between clients and professionally trained counsellors. The benefits extend beyond the direct beneficiary, reaching 4 10 5 indirect beneficiaries through family and work ties. Additionally, it positively influences the wider economy by preventing the loss of productivity due lo absenteeism related to mental illness. The prevalence of mental illness. as indicated by the World Health Organisation IWHOI, is pervasive. with one in four people experiencing an episode of mental ill health at least once in their lifetime. The eslimated annual loss to the UK economy due lo absenteeism related lo mental illness is £118 billion Imental Health Foundation and LSE Report, 20231. Despite progress in funding for menlal health, there remains a significant gap. Mental illness constitutes a quarter of Ihe NHS'S disease burden but receives only 110/0 of the annual budget, totalling £190 billion in the lasl fiscal year (The Kings Fund Treasury Analysis Report 2021122}. The incidence of mental illness is higher in ethnic minority communities, where early inteNenlion is less likely due to the absence of culturally and linguistically specific provisions, leading to poorer outcomes and fears of stigma and judgmenl IHarrow Strategic Analysis Report 2016). DAWN'S culturally and linguistically focused psychosocial support provides.. Culturally sensitive counselling. Acces5ibilily lo counselling in more than 23 communily languages. in addition to English. Awomen-only safe space from 104. A separate gender-neutral space to support men. couples. and families in counselling outside women's visiting hours between 104 on weekdays addressing syslemically embedded gender bias issues Locational advantages, including heavy footfall in Harrow's shopping centres and the presence of mothers on their daily school run to Norbury Junior School near Our office. Women constitute 97 /0 of our client base, with the most persislent presenting issues related to domestic violence {DIVI. Victims of Violence Against Women and Girls IVAWGI account for up to 77 % of our clientele. Successful media campaigns have conlribuled to more women reporting DIV and seeking support, reducing the stigma and guilt associated with abuse. Modern-day slavery and human trafficking cases linked to immigration abuse of women are less overt, bul we continue lo see one or cases per annum. Victims of trafficking and DIV often hesitate to Come forward due lo fear of reprisals by criminal gangs.
DAWN CHARITABLE TRUST (DAWN) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11> Social Inclusion and Wellbeing Support (for women exclusively) This strand of service aims to alleviate i501ation, especially among socially i501aled eldeily women, through.. Advocacy, information, and advisory services. Crealion of intellectually stimulating educational, cultural, and recreational aclivilies to foster a sense of community belonging. A culturally sensitive, women-only safe Spa from 104. Peer support opportunities in our weekly social group. Signposting to relevant social well-being support networks for housing, schooling, and financial needs. Preferential referral arrangements with Harrow Citizens Advice Bureau for up to 3 referrals per week for legal andlor social support. Outward referrals for victims of VAWG abuse to relevant support agencies such as Hestia and Solace, Harrow Council, Harrow Cilizens Advice, Nia Project, Suzy Lamplugh Foundation, and the Metropolitan Police. Monthly storytelling or poetry {'shero-shairi'l reading club. Monthly meditation and mindfulness workshops. Twice-yearly social outings. Ad hoc First Aid and Heart Health advice sessions. Annual'shakti Bazaar. event lo support women's enterprise. Women's participation in performing arts at annual International Women's Day commemoration events, offering an opportunity to perform alongside professional and amateur artists. Voluntary work and training opportunities for women entering the employment market. Monthly legal advice workshops through local legal support firms such as Skylark Solicitors and Johal & Co. Solicitors. Safeguarding support for vulnerable adults and children through Harrow Safeguarding Board, other relevant boroughs and the Metropolitan Police. The uptake in the social inclusion and well-being strand has significantly increased participation in our social inclusion and psychoeducalional programme, highlighting the urgent need for investment in this sector.
DAWN CHARITABLE TRUST (DAWN) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance How our programmes deliver public benefil: Over a period of 31 years, Dawn has reached nearly 20,000 individuals through our culturally sensitive counselling services (available in 25 languages) and psychoeducational programmes. This includes.. Over 11,650 individuals receiving one-to-one counselling {645 in FY20241. Over 2,500 women participating in our weekly psychoeducalional programmes. Up lo 5,000 attendees participate in our diverse public events, including.. Shakti Bazaar.. Showcasing women's businesses. Creative Expression Programmes.. Plays. dramas, and dance events highlighting women's artislic talents and stories. International Women's Day Events= Celebrating and empowering women. Anniversary Celebrations.. Marking milestones in Dawn's journey. Our core service focuses on culturally appropriate emotional and mental health support for minority communities, particularly Asian women facing barriers in mainstream services. A 2015 needs assessment by Harrow Council identified ethnic minority women as the 'mosl vulnerable group" due to language, stl9ma, and cultural restrictions. In response to this, 97 10 of our resources are dedicated to provision of one-to-one counselling or group therapy as and when required. Unlque Advantages of Dawn's Psychosocial Support Model: Culturally familiar staff provide comfort and confidence for clients. Multilingual counsellors understand cultural nuances for effective therapy. Weekday mornings offer a women-only safe space. Gender-neutral eveninglweekend hours cater lo men. families, and couples. Summary of achievemens.. Over 20.000 beneficiaries across 3 decades. Counselling accessible in 25 languages. 950/0 of setvice users are women. Predominant service user group comprises Asian herilage communily195 /•), including Afghanis. Online counselling expanded to cover pan-London and outer fegions. Responsive lo Gommunily needs {Afghan crisis helpline and support group). Dedicated women-or)ly space weekdays110 am- 4 pm). Gender-neutral space available eveningslweekends14 pm - 7 pm & weekends 11 am- 1 pm}. Financial review In the fiscal year, the charity's income from grants. donations. fees, and charitable activities amounted to £68,653 (2023- £52,298). Expenditure of £54,246 {2023 £69,411 } was incurred for counselling staff salaries and clinical supeNision, with a reliance on volunteer support lo accumulate reserves for staff recruitment and service development. The reserves figure of £129,915 includes an allocation of £70.000 earmarked for staff recruitment lo enhance capacily. Governance costs for running the charity's services amounted to £33,305 {£34.176 in 2023). During Ihe year, funding support was received from various charitable foundalions, including Awards for All, LCF- MOPAC Grassroots Support Fund, Vascrofl Constructions Lld, Home Office Special Services Fund, Harrow Lottery and National Lollery -Awards For All, National Lottery Reaching Communities {effeclive 4 July 2024).
DAWN CHARITABLE TRUST (DAWN) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Reserve$ policy 1115 the policy of the charity that unrestricted funds which have nol been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider Ihal reserves at this level will ensure thal, in the event of a significant drop in funding, they will be able to continue the charity's currenl activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Risk Mitigation The trustees have assessed the major risks to which the charity is likely to be exposed, and are satisfied with the risk miligating measures in place lo minimise the foreseeable risks. Financial risk mitigation includes diversifying income streams throu9h exploring funding opportunities in Ihe charity sector, corporate sponsorships. CSR giving. personal and corporate donors, philanthropy. and fundraising events. Safoguardlng policy Dawn fuifils ils fidtjciary responsibility and duty of care to safeguard vulnerable adults and any children who come into contact through their association with mothers supported in counselling. The Safeguarding Policy delineates roles, responsibilities, and reporting processes. Staff undergo training lo identify risks and report incidents of abuse. with all occurrences meticulously documented in a logbook lo facilitate shared learning experiences. Plans for the future The charily is pursuin9 Its 5 year business plan {2020-20251 to develop ils services and build its financial resources sufficiently to reach oul and offer counselling intervention lo 1,000 individuals per annum. At the end of Ihe Fiscal Year 202312024. we had reached a headcounl of 645 individuals. The charily is continuing lo diversify ils income and revenue diversification plans to support ils planned expansion and create more certainly of security of job tenure for its workforce. The unwavering loyally and dedication of staff to public service has seen us through each financially challenging period - such as Ihe Covid pandemic. Our staff willingly reverted lo part-lime paid employment whilst stepping up lo pul in exlra lime voluntarily to ensure the services remain uninterrupted. The trustees will continue to pursue Corporate Social Responsibility ICSRI initiatives in Ihe corporate sector, individual and corporate donors, philanthropists, sponsors, and palrons, in addition to the funding foundations they have identified, to inject financial stability. We have identifi'ed several worthwhile projects that We plan to launch, pending the availability of resources. One such project, in view of the social inclusion support needs of an aging population and the lack of appropriate culturally and linguistically sensitive facilities foi elderly ethnic minority women, is a 'Dementia Support Club. Other pipeline projects include piloting a Parental Support programme for parents facing challenges with children with autism and dyslexia. We remain committed lo continuing refining and developing our psychosocial support services lo support the mental and social wellbeing of the community with the service users as equal stakeholders. This ensures the projects and services remain relevant and useful to them as the end-users.
DAWN CHARITABLE TRUST (DAWN) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure. governance and management History and governance Established in 1993, DAWN became a regislered charity on 91h May 2000, through a Trust Deed daled 19th March 2000. A Board of Trustees. led by a founding member, overseas the strategic direction and performance. Day-to-day operations are managed by a counselling coordinator, an admin team and a HR officer. The Board ensures adherence lo safeguarding policies and oversees overall management. Open communication and staff development Dawn fosters open communication through six weekly slafflm8nagemenl meetings and regular management briefings. Staff are encouraged lo discuss challenges and receive support through training opportunities funded by various sources. These meeting5 serve as forums for counsellors to discuss achievements and challenges, influencing policy and resource allocation decisions. Service user involvement Setvice users contribute to decision-making processes through meetings, discussions and surveys, ensuring their needs are Considered in policy and project development. Social inclusion projects These group aclivilies. led by staff, volunteers and participants aim to reduce isolation and prevent mental health issues associated with loneliness. Counselling Internship Programme DAWN offers up to sic counsellin9 internships for counselling at the final year of their diploma course annually, to raise capacity in culturally sensitive multilingual counselling. Work experlence for school children These placements allow sludenls lo gain exposure to the social care sector, explore potential career paths and develop transferable skills valuable in any profession. Witnessing the impact of our services first hand can spark a passion for helping others and social justice. Geographical reach While primarily seNing London Borough of Harrow, Brent, Hayes and Hillingdon. DAWN'S online COL*nselling has expanded access to pan-London and beyond. reaching areas like Bristol, Liverpool and Manchesler. The trustees who served during the year and up lo the date of signalure of the financial stalemenls were- Mrs S Kalha MBA, ACIB Mrs N Singh Ms R Dave Ms M Chaggar
DAWN CHARITABLE TRUST (DAWN) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Recruitment and appointmont of trustees The Trust Deed mandates a minimum of three individuals on the board of trustees lo ensure proper oversight of all aspecls tsf the charity's work. Currently, we have four trustees on our board. To address contingencies such as unforeseen absences or resignations, our Trust Deed stipulates that as long as there are at least two trustees remaining, the powers and discretions vested in the trustees, either by the trust deed or by law. can be exercised by the remaining two until the appointment of further trustees. In the evenl of a vacancy, the truslees are required lo convene a meeting to acknowledge the sitLJalion and initiate the search for a new appointee if necessary. There is no specified limit on the number ol trustees the charily can have on the board. The appointment of a new trustee is conlingenl upon a resolution passed al a special meeting by the remaining truslees, as outlined in Clause M of the trust deed. The selection of a potential trustee is based on a thoughtful consideration of whether the appointee can ontribute to the pursuit of the charity's objeclives and assist in ils management. This Consideration may include factors such as residence. occupation. employment, possession of special knowledge related lo the chanty's areas of benefit. or the possession of personal and professional skills and qualifications. Induction and training of trustees The Trust Deed outlines an informal induction process for new appointees, with no formal training requirements. The new truslees undergo an informal introduction lo the charity's work, day-lo-day operations. policies, and procedures facilitated by the management board and staff. They are granted access to all internal management policies, documents, files, and information databases maintained by the charity. Comprehensive support is provided by both staff and the board lo ensure a smooth transition into their roles as active participants on the board. In addition to their involvemenl in the ¢har¢ty's activities, trustees are expected to fulfil their personal and legal responsibilities as custodians of the charity's assets. They are guided to acl prudently within the established objectives ol the charity throughout their tenure. Networking relationships The charily mainlains a wide network of mutually beneficial, relationships with key service providers whose work complements our own. Our main interagency alliances and collaborations are with the local GPS, so¢ial workers, mental health services, schools, colleges and child prolection agencies, hospitals, emergency shelter housing agencies, Citizens Advice Harrow and domestic violence protection agencies such as Hestia, Solace, MIND, IAPT, NHS and DN Unit of Metropolitan Police. Through close collaboration with these agencies, a hwo-way flow of cross referrals is facililaled, benefiting all parties involved. Clients, in turn, enjoy seamless access to a broader spectrum of services, enhancing their overall support experience. Furthermore, the charity engages in collaborative efforts with various local businesses {e.g. banks, law firms, mobile telephone operators}, professionals and arts and Crafts specialists who generously volunteer their time. This collaboration serves lo advance the Charity's objectives, particularly in promoting educational advancement through workshops, seminars and classes covering a diverse range of interests e.g. art, photography. craft- making, yoga, meditation, music and dance. Other related parties The stakeholders associated with the charity encompass its employees, service-users, donors, patrons, funders, and volunteers. Employees and independent contracting Suppliers receive remuneration aligned with applicable pay scales, reflecting their professional skills and experience. The trustees, a group of highly skilled professional women wilh diverse business management and development expertise, generously contribute their lime without compensalion for their roles as trustees. Any specific professional services rendered by trustees beyond their trustee responsibilities are appropriately compensated.
DAWN CHARITABLE TRUST (DAWN) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Slatemenl of trustees. responsibilities The trustees 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 Praclicel. The law applicable to charities in England and Wales requires the trustees lo prepare financial statements for each financial year which 9ive a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial stalemenls, the trustees are required to.. select suitable accounting policies and then apply them consislenlly., observe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent., stale whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements: and prepare the financial statements on the going concern basis Ltnless it is inappropriate lo presume thal the charity will continue in operation. The trustees are responsible for keeping sufficienl accounting records that 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 Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
DAWN CHARITABLE TRUST (DAWN) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The trustees, report was approved by the Board of Trustees. Mrs S Kalha MBA, ACIB Twstee Dated: 29 June 2024
DAWN CHARITABLE TRUST (DAWN) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DAWN CHARITABLE TRUST (DAWN) I report on the financial slalements of the charity for the year ended 31 March 2024, which are set out on pages 111021. Respective responsibilities of trustees and examlner The charity's Iruslees are responsible for the preparation of the financial slalemenls. The charity's trustees consider that an audit is not required for this year under section 144{21 of the Charities Act 2011 Ilhe 2011 Acl} and that an independent examination is needed. It is my responsibility lo.. examine the financial statemenls under section 145 of the 2011 Acl- (ill lo follow Ihe procedures laid down in the general Directions given by the Chariiy Commission under section 145(5}{bl of the 2011 Act., and (iiil lo slate whether particular matters have come to my attention. Basls of Independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with Ihose records. It also includes consideration of any unusual items or disclosures in Ihe financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide 811 the evidence that would be required in an audit and consequently no opinion is given as to whether the financial slalemenls present a 'lnJe and fair view, and the report is limited to Ihose matters set oul in the next statement. Independent examinerfs statement In connection with my examination, no matter has Come lo my attention.. la) which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 130 of the 2011 Act., and {iil to prepare financial statemenls which accord with the accounting records and comply with the accounting requirements of the 2011 Act; have not been mel or Ib) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements lo be reached. Hindocha & Co Limited Chartered Accountants and Slatutory Auditors 34 Queensbury Station Parade Edgware Middlesex HA8 5NN D8led.' 29 June 2024 10-
DAWN CHARITABLE TRUST (DAWN) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income and endowments from: Donations and legacies Charitable activities Investments Other income 62,478 4.832 1,343 62,478 4,832 1,343 47.014 4.774 440 70 47.014 4,774 440 70 Total income 68.653 68,653 52,298 52.298 Expenditure on: Charitable activities 94,160 94,160 109.406 109,406 Total expenditure 94,160 94,160 109,406 109,406 Net expenditure and movement in funds {25,507) 125,507) {57.108} (57,108) Reconciliation of funds: Fund balances at 1 April 2023 150,352 5,070 155,422 207,460 5.070 212,530 Fund balances at 31 March 2024 124,845 5.070 129,915 150,352 5,070 155,422 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. 11
DAWN CHARITABLE TRUST (DAWN) BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 13 2,174 2,898 Current assets Debtors Cash at bank and in hand 14 6,086 142,459 2,234 170.482 148,545 172,716 Cred+tors: amounts falling due within one year 15 {20,804} 120,192) Nel current assets 127,741 152,524 Total assets less current liabilities 129,915 155,422 The funds of the charity Restricted income funds Unreslricled funds 5,070 124,845 5,070 150,352 129,915 155.422 The financial statements were approved by the trustees on 29 June 2024 Mrs S Kalha MBA. ACIB Trustee 12-
DAWN CHARITABLE TRUST (DAWN) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information DAWN CHARITABLE TRUST {DAWN) is a registered charity, number 1080649, and is constituted under a Trusl Deed daled 19th March 2000 (amended on 31 October 20191 which is the governing documenl. The registered office is I St Kilda's Road, Harrow, Middlesex, HA1 1QD. 1.1 Accounting conventlon The financial statements have been prepared in accordance with the charity's Igoverning documentl, the Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" {"FRS 102"} and the Charities SORP "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 IFRS 102)" (effective 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounls in Ihese financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are sel out below. 1.2 Going concern Al the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue lo adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted Funds Unreslricled funds are available for use al the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designaled for other purposes. Restricted funds Reslricled funds are those that can only be used for reslricled purposes within the objects of Ihe charity. Reslrictions arise when specified by donors or when the funds are raised for particular restricted purposes. The purpose and uses of the restricted funds are set out in the notes to the accounts. 1.4 Incoming resources Income is recognised when the charity is legally entitled to il after any perfomance conditions have been met, the amounts can be measured reliably, and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation to donations received under Gfft Aid or deeds of covenant is recognised at the time of the donation. Legacies are reco9nised on receipt or othetwise if the ch8rity has been r)otified of an impending distribution, the amount is known. and receipt is expected. If the amounl is not known, the legacy is treated as a contingent asset. 13
DAWN CHARITABLE TRUST (DAWN) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Contlnued) 1.5 Resources expended Resources expended include costs of providing advice. information and counselling to relieve poverty, distress, isolation and assist in the advancement of education. All expenditure is accounted for on an accrual basis. All expenses including support cost5 and governance costs are allocated to the applicable expenditure headings. Governance costs represent those costs of the strategic management of the charily and of complying with constitutional and statutory requirements. 1.6 Tangible fixed assets Tangible fixed asset5 are Initially measured at cost and subsequently measured at cost or valL4alion. net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures, fittings & èquipment Computers 250/0 p.a. on a reducing balance basis 500/0 p.a. on a reducing balance basis The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets Al each reporting end date. the charity reviews the carrying amounts of ils langible assets lo determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the exlent of the impairment loss (if any). 1.8 Cash and Cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-lemi liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in currenl liabilities. 1.9 Financial instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amoLJnls presented in the financial statements, when there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a nel basis or to realise the asset and seltle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaclion costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement constitutes 8 financing transaction, where the transaction is measured al the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 14-
DAWN CHARITABLE TRUST {DAWN) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcles {Contlnued) Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measureé at the present value of the lulure payments discounted at a mafket rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instrumenls are subsequently carried al amortised cost, using the effective interest rate method. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due wilhin one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using ihe effective interest method. Derecognition of financial Ilabilities Financial liabilities are derecognised when the charily's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonslrably committed to terminate Ihe employment of an employee or to provide terniinalion benefits. 1.11 Retirement benefits Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.12 Taxation The charity is an exempl charity within the meaning of Schedule 2 of the Charities Act 1993 and as such is charity within the meaning of Section 506111 of the Taxes Act 1988. Accordingly, Ihe charity is potentially exempl from taxation in respect of income or capital gain5 received wilhin categories covered under Section 505 of Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied exclusively for charitable purposes. The charity receives no exemption in respect of Value Added Tax. Critical accountlng estimates and judgements In the application of the charily's accounting policies. the Ifustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevanl. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in Ihe period in which the estimate is revised where the revision affects only that period, or in Ihe period of the revision and future periods where the revision affects both current and future periods. 15-
DAWN CHARITABLE TRUST (DAWN) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donations and legacies Unrestrlcted funds 2024 Unrestricted funds 2023 Donations and gifts Grants received 3.478 59,000 2,014 45,000 62,478 47.014 Grants receivable for core aclivilies include grants received from Trust for London, Tampon Tax, Lifelines International Foundation. Vascroft Constructions Ltd, HaoW and National Lottery, Awards for All - Covid Fund, elc of £59,000 {2023 - £45,000) for the charity lo operate. Charitable actlvlties Counselling fees income Total 2024 2023 Counselling fees income 4,832 4,774 Income from Investments Unrestricted Unreslri¢ted funds funds 2024 2023 Interest receivable 1,343 440 16
DAWN CHARITABLE TRUST (DAWN) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Other income Total Unrestricted funds 2024 2023 Net gain on disposal of tangible fixed assets 70 Expenditure on charitable activities Support costs Support costs 2023 2024 Direct costs Staff cosls Depreciation and impairmenl 45,848 724 59,186 4,988 46,572 64,174 Share of support and governan¢e costs {see note 8) Support Governance 14,283 33,305 11.056 34,176 94,160 109.406 Analysis by fund Unreslricled funds 94,160 109,406 17-
DAWN CHARITABLE TRUST (DAWN) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Governance costs costs 2024 2023 Professional fees Supervision fee 30th Anniversary costs Activities costs 1,372 7,026 4,021 1,864 1.372 7,026 4.021 1,864 4,281 5.944 831 Accountancy Legal and professional Rent and rate5 Insurance Light and heat Telephone expenses Sundry expenses 3,540 907 17.019 715 4,290 2,288 4,546 3.540 907 17,019 715 4.290 2,288 4,546 3,000 417 16,170 394 3,211 2,490 8.494 14,283 33,305 47,588 45,232 Analysed beeen Charitable activities 14,283 33,305 47,588 45,232 Governance costs includes payments to the independent examiner 01 £3.540 (2023- £3.0001 for accounting, payroll and reporting fees. Net movemenl in funds 2024 2023 The nel movement in funds is stated after chargingllcrediling).. Depreciation of owned tangible fixed assets Lossllprofill on disposal of tangible fixed assels 724 4,988 1701 q O Trustees None of the trustees lor any persons connected with them) received any remuneration during the year, but Ihey were reimbursed event, Iravelling and sundry expenses amounting lo £1,50012023 - £3,500). These are included in governance cosls as part of sundry expenses. 11 Employees The average monthly number of employees during the year was: 2024 Number 2023 Number 18-
DAWN CHARITABLE TRUST (DAWN) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Employees (Continued) Employment costs 2024 2023 Wages and salaries Olher pension costs 45,127 721 58,286 900 45,848 59,186 There were no employees whose annual remuneralion was more than £60.000. Remuneration of key management personnol None of the Iruslees received any remuneration during the currenl and previous year. 12 Taxation The charity is exempt from taxation on its activities because all ils income is applied for charitable purposes. 13 Tangiblè fixed assets Fixtures, fittings & equlpment Computèrs Total Cost At 1 April 2023 11,278 9,306 20.584 Al 31 March 2024 11,278 9,306 20,584 Depreciatlon and impalrmenl At 1 April 2023 Depreciation charged in the year 8.381 724 9,305 17.686 724 Al 31 March 2024 9,105 9,305 18,410 Carrying amounl At 31 March 2024 2,173 2,174 At 31 March 2023 2.897 2.898 14 Debtors 2024 2023 Amounts falling due within one year: other debtors 6.086 2,234 19-
DAWN CHARITABLE TRUST (DAWN) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Creditors.. amounts falling due within one year 2024 2023 Trade creditors Other creditors Accruals and deferred income 200 4,517 16,087 1.104 5,684 13,404 20,804 20,192 16 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject lo specific conditions by donors and grantors as to how they may be used. These include designated funds which have been sel aside out of unreslricled funds by the trustees for specific purposes. At 1 April 2023 Incoming resources Resources At 31 March expended 2024 General funds 150,352 68,653 (94,160} 124,845 Previous year". At 1 April 2022 Incoming resources Resources At 31 March expended 2023 General funds 207,460 52,298 (109,406} 150,352 17 Analysis of net assets botween funds Unrestr4¢1ed funds 2024 Restrrcted funds 2024 Total 2024 At 31 March 2024-. Tangible assets Current asselsl{liabililies} 2.174 122,671 2,174 127.741 5,070 124,845 5,070 129,915 20-
DAWN CHARITABLE TRUST (DAWN) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Analysis of net assets between funds (Continued) Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 March 2023: Tangible assets Current asselsl{liabililies) 2,898 147,454 2,898 152,524 5,070 150.352 5,070 155.422 18 Related party transactions There were no disclosable related paty transactions during the year {2023- none) apart from that disclosed in Note 9. 19 Anatysis of changes in net funds The charily had no material debt during the year. 21