Company registration number.. 10229618 Charity reglstration number.. 1173430 DYS Space Limited (A company limited by guarantee) Annual Report and Flnancial Stat&m8nts for thè Year Ended 31 March 2024 WESTCOTTS CHAftTEAED ACCOUNTANTS 1 OUJ1+4EIS ADYISFIIS
DYS Space Limited Contents Referen and Admini8tralive Deialls Tru$te8s' Report 2to3 Independent Auditors, Report 23to25 statement of Financlal Actlvities 26 Balance Sheet 27 Stalement of Cash Flow5 28 Notes to the Flnandal Statement8 29to50
DYS Space LSmited Reference and Administrative Detalls Trustees Carollne Down, resigned 23101124 Kevin Henman, resigned 1210512023 Adam Winsor, appoint8d 11106124 Peter Adey. appointed 11110123 John Harrison Cecilia Kokubu William Withers, reslgned 14109123 Lara Rippon, appolnled 25107123 Richard Chubb, appointed 25107123, rasigned 23101124 K8ty F8w-Singh Ollvèr Lov811, appolnted 26104123 Andrew Otiy. appointed 26103124 Ll8a Rutter, resigned 26103124 Danlel Barton, appointed 22111123 Angela Coton, appointed 2610412023, reslgned 13110123 Heather Sandover, appolnted 2417123, resigned 26103124 Susan Clarke, resigned 05104124 Melanle Walker. resigned 01108124 Christopher Harper, resSgned 11110123 1173430 Charlty Reglstratlon Number Company Reglslratlon Number 10229618 The charity Is Incorporated In England and Wales. 100 Club Wear Barton Road Exeter EX2 7EH Westcolts (SW) LLP Plym House 3 Longbridge Road Ptymouth Marsh Mllls Devon PL8 8LT Reglstered Offlco Audltor Page 1
DYS Space Limited Trustees. Report The trustees, who are dlrectors for the purposes of company Isw, prèsenl the annual report together with the financial statements and auditors, report of the charltable company for the year ended 31 March 2024. Objectlves and actlvities Publlc ben&flt The trustees confirm that they have complled wilh the requlrements of section 17 of Ihe Charittes Act 2011 to have due regard to the pub16c nefit guldance publlshed by the Charlty Commisslon for England and Wales. statemfrnt of tru8ts08' r88pon81bllltle$ The trusteès (who are also the directors of DYS Space Limited for the purposes of company law) are responsible for preparing the trustees, report and the financial statements In accordance with applicable law and United Klngdom Accountlng Standards (Unlted Klngdom Generally Accepted Accounllng Practice), includlng FRS 102 "The Financ1 Reportlng Standard appllcable In the UK and Republic of Ireland" Company law requlres the trustees to prepare flnancial slatemenis for each financi81 year, Under company law the trustees must not approve the financlal statements unless they are satlsfied that they give a true and fair vlew of the state of affairs of the chaiitable company and of the Incoming resources and appllcation of resources, including ils Income and expendlture, of the charltable company for thal period. In preparlng these financial statements, the trusiees are required to.. select suitable accounting pollcles and apply them conslstenlly; observe the methods and principles In the Charltles SORP: make judgements and esllmates that are reasonable and prudent., State whether applicable accounting standards. comprising FRS 102 have been followed, subject lo any material departures disclosed and explained in th8 financial statements., and prepare the financlal stalements on the going concern basis unless it is inappropriate to presum8 that the chaiitable company will continue in business. The trustees are responsiblé for keeping proper accounting records that can di5c105e wlth reasonable accuracy at any time the financial positlon of thé charltable company and engble ihem to ensure that the financial slalements comply with the Compan18s Act 2006. Thèy are also responsible for safeguarding the assets of the charitabl8 company and hence for taking reasonable st8ps for the prevention and det8Ction of fraud and other irregularities. The trustees are responsible for the malnlenancè and Integrlty of the corporate and finandal information included on the charitable company's website. Legislation governing the preparallon and dlssemination of fv'nanclal statements may dlffer from18gislation in oth8r jurisdictions. Dlsclosure of Informatlon to audltor Each trustee has taken steps that they ought to have taken as a trustee In order to mako themselves aware of any relevant audit information and to establish that Ihe charity's auditor Is aware of that information. The Iruslees confirm that there is no relevant information that they know of and of whlch they know the auditor is unaware. Page 2
DYS Space Limited Trustoes, Report The annual report was approved by the trustees of the charity on .I':s.J.i.i..1.4. and signed on its behalf by.. -1 I Katy Few-singh Trust88 Page 3
DYS Space Limited DYS SPACE LIMITED Trustees Report and Financial Statements For the Year Ended 31 March 2024 Page 4
DYS Space Limitsd Contents Introductions................ Chair of Trustees Report.................................. CEO Report.............-. Some highlights in numbers This year we also.. .. Some Storles Summary Looking ahead to 2024125...................... Principal Rlsks............ Fundlng.... Financial Review....................................... 10 12 .13 .14 .15 17 Page 5
DYS Space Limited Introductions Thetrustees are pleased to present thelr annual Irustee8' report tO9herWIlhthe financlal stat*wn8nls Df DYS Space Lid (Space) for the year ended 31 March 2024 whlch are also prepared to meel th8 requiram•nts a dlr•ctofs' port and financlal glatsmènts for Companles Acl puipogeg. The financlal 8talem•nt8 ¢omplywiih ihe C¢mpanle$ A¢1 2006, thg Memorandum and Artkles ofA$so¢latloTh and Accounllng and Reportlng by Charllle6'. Statement of Recommend•d PiactSc8 bpplic&bl• io charltles preparlng th•lrfinanclBI slat•m•nl2 In gccordanc• wlth th• FlnBnclal Roportlng Standard applicable kn the UK and Republlc of Irelènd (FRS 1021 (elfe¢tive January 2019}. SPACE YOUTH SERVICES Page 6
DYS Space Limited Chair of Trustees Report Kate Few-singh 1am honowed io lakgn on th• role of Chalr ofTru8l•es from Melante W8lker In January. Mglonle had been Chalr 8kne• Ihe Incepilon of Sp4¢e In 2016 and under Mel8nld8 excep1t0h léadershlp the charlly grew lo develop Innov8tlve prolèels such aB our Educalional Supporl Services, Dlgit¥l youlh woik and slieet work programmes undouMedly havln9 & poslilve Impael on manyyoung people In Devon, On beh811 of everyonè al Space I would Iikelo say ihank you lo Mala0 for herdédlcallon, commltmenl and hard woth over her 8 years of beln9 Chalr. We ?l¥o satd goodbye ènd Ih?nkyou lo our IfU8tee8 Susan Cl8rke, Heathér Sandover, Rlchard Chubb. WIIIIAM Wlthers and Chrls H&tr alorKJslde 8t8ff trufytee8 Caroline Down ond Fl*)no Cole. We ochloved # more settled leaderghlp as Ll$a Ruller & Dan Barton 8hAred the Inierlm CEO po8lllon to nAvlg&le the ¢h8nge8 needed. Young people have nover n•¢ded youth work so much. Wo have sgen ond hId fil81 hand thal Ihere18 more pressure on young people than ever before. There h•$ beén a 23% Increo8e in yOg people m188ing from educallon. whlch we know leadB lo hlgh8r levo18 of vulneroblllly. Onllnv ¢onlenl. guch as cyber bullylng, ro¢orded fightlng and $ut¢idg Ide•ll88tlon are common place. wllh young people In thelr Iranslllon lo oecond8ryedu¢allon Slallng th8t118'Lm8voldable'. Thls coupled wllh the ongolng Impact of the dlsrupllon tD th8lr ¥ocl&ll8atlon processes Ihal covld loekdown8 pre8enled are maklng Ihelr lourngy8 more dllf¢culi Ihan ever before. Over the pa81 year Spa¢e h88 contlnued io crealè tlmeond space for young people In Devon,
nd beyond. WhetherthAt b• In a youth cenlre. on lh• Street Sn iheli communlty, In hosplt81,
onllnè, at ihety school oi al Chanc•s. our Indep&ndenl school In Dlleh. Unfortunately Ilk• m8ny oiher charilies we hgv• had to nBVig#tè slgnifieont fin8nclal challenge8 ovei Ihe pasl year. Th• co81.of.Ilvlng ¢r161$ led to 80me 8lgnifi¢8nl ¢oJt Incr•a8e8 end 81dty w• hèd to makelhe very Iou9h declslon lo reduc• our 81afl number8 lo en8UO W• could ¢onllnue to delSYer Ouf ¢onlra¢l¥d serylcea. Ouf wonderful team of $peclally tralned youth woikerg. te8eh618 and 8UPPOrt 8taff have eonlSnued lo provlde youth work 8nd programme8 In 80me of ihe love8101 Ilme8 for young peopl•. We are ever waleful to our funders (listed page 18) who make11 p0881ble for Space lo contlnue lo provide ihe 8grvlc88 we do and help u$ lo reach thoge young people In need of addlllon81 support. Thank you al80 to our gUPPOrter8, donors and volunleers who make It Possible for Spkc8 to go Ih8extra rnlle foi young people. We ar• truty w&t8ful lo you. We are looklng lorward to a brlghter future wilh strong kgdershlp and a Board of Twslee£ who arè SIrTelY commltled lo worklng Io SUPPOTI m4ny morè young people acros# Dèvon to unlock thelr polentlal. Thank you Kat& Page 7
DYS Space Limited CEO Report Dan Barton Slnce our Incepllon In 2017 we have been a1fjomlThJ organlsallon, one whlch 8oek8 eVOlve and develop In order lo meet the evw changlng need8 of young poople and ihelr communllle8. Th18 year wa8 8 8lgnlfittanl slep towards OLTrr maturlty as a charlly. AB Isthe ease for many ¢harllie8 PO¥t Ihe COVtD'finan¢lal boom, wq wara basgt wilh a vail¥ly of chall8nge8 and managed som• 8lgnlfi¢ant ch8ThJe. Human n81ure conllnu¥lly Impres8e8 me, throughout our mo81 dlfficuli ol yegrfj our 8lalf And volunlo8rn eonllnue io Innovate. t•8pond to need gnd dyn8mlca1 adapt. Th1$ y44r. whue ¢onllnulng lo oupport young people and thelr communftl88 In ih•lr profe$Blonal e4pAclty. our 8ta(f'$ 8olutlon.foeui•d approaeh h86 been èqually needed wlthln our oharfty. In ord•rto r•&pond lo Ihl ri81ng ¢t of Ilvlng, the Incom• challengBs ihal we all 8hEte In th• $e¢tor, we made $¢m$ very difficult dlS1on8 In r¢lgllon to the number of people we could lake wSth u$ Into next year. th•reby108lng som• v•lued ¢olle8gue8. We Saw slgnlfi¢gnl ¢honges Sn dellvery 81all. leader8hlp and our board to 8n8ure w• end ihls y84r as q more vlable and su81glnable charlly wilh sSgnSfioant18ornlng emb•ddid Jnd now det•rmSnqllon lo Jucceed In 2024125 and beyond. I would like to thank Llsa Rulter for ahgrlng lh8 Interlm CEO role wllh me for 6 monlhB of the year as w8 succe88fully $leadled ourorganl8allon and made Ihe change8 neoe88Wy. We conllnuè lo reach thousand$ of young pwple 88ch year and make 8ueh 8 81gnlfic8nl Impact ln Ihelr1Své8, ranglng from helplng them Stepout of theli homes mor• oli•n and ambrace the world 10 8taylng 8afe liom rlsk of •xplollatlon. Unforlun8t•ly we hève seen a ¥lgnlfio4nt rlae In safeguardlng comlng Irom ow open ACC¢81 youth ¢enlre selOn8, hlghllghllng Ihe essent181 naluie of ¢ommvnlty b88ed youth ¢enlr•8, where young peopl• can fieety meet wllh trusted adults ond bulld long.lqrm reletlon8hlp8 8nd g81n 8UPPOrt at Ilm•8 th&1 6ulI ihcm. In summary. we have navlgaièd ¢ur mo81 dlfficuli ofyear8, made the nece888ry change810 our exp8ndliure lo en8ure our vlability but cruclally contlnuqd to provld8 8gsanllg1 servlo•¥ fvryoung people. l Immensely proud ol the dlversg contlnuum of 8upporl we offw young people as they navlgate Ihelrlransltlon to Independenee and gdulihood. It 1$ A prlvllege lo lead thi8 organls811on Into Ihe nèxl phasè of118 exlBlenc4 one where we continue lo dynom1¢411y respond tolhe èvei ¢hanglng need8 ol young people. Page 8
DYS Space Limitsd Some highlights in numbers During tlieir tiansition inlo odulthood Ihere aro periods ol $tabilliy and'peilods ol turmoil an(5, 41 limes, trauma We strive If) find a balance between understanding and plannlng for knoivn univers81 experiences and being dynamic ènougli Iv adapl as young people's needs chDngo Jild evolve. It's nol possible lo ouilifjo Ihg. in¢iedlbly vari£d aciivilios we deliver acioss Ilie following services but have presentèd some highllghts below Open Access L¢n(J lerrn, open Accp8s and yontary engugemenl." Vla our cenlre.based, ¢nllne and s¢reel.b?sed Yvuiii Work. Piovldlng Somewliere lo go. Sorneihlng to do and Someone io 1o1k' lo 37,282 Atl•ndanc85 to Open Acce88, ofl.81te ond onllne youlh work 8•gslon8 1-2-1 Service 184 92.29. young ppople who wer• r•frrad Into I1 8peclallsl I'.1 ¥ervlce mJd• posMlve progre89 wilh Ih¥lr s•lf delewnlned recovery plan8 Chances School Our OFSTED reuislered. Early Inlervenlion, AlirnÉlive Idveailon Sohooi, Chance's reinlegr4ies 3tudenis back inlo theli mainstream 8¢hool sE(Ilnq, Thi$ fibuie below hlghllghts tlie need lor 5u¢h an appro<1eh, dI9cov•rlng those young people who'mgy $lrugglo carly on and Investlng Iri Iheir success lor the benelit DI all. 97.7% 8u¢ce8$ rate of relntegratlon back Into thelr maln8lream xhool 8eUlng Page 9
DYS Space Limited Social Prescribing Our Social Pfe$¢ilbln9 8èrvi¢e low youThJ people In partnership wllh GP8 ¢onllnues 10 9aln momentum Hospital Inreach Our Hospltal b85ed youlh woiker Is generating'profound Impacl In th8 nvmber of readmission5 to hos181 Street Based and Off Site Youth Work Our Slfeet.BaBed & mobile Youth Work Is reaehlng Ihosèyoung people mo81 at r18k of fiminal exploltation and rl8k taklny 446 2936 Regl6ler¢d young poople engaged Unregl$lefed young peoplt 8upported on the slrget Page 10
DYS Space Limited This year we.also Evolved our Educatlon Support Servlces tearn W• have e8labllNhed Ihe leaFn 88 ky Inlluencers of 8eFvlce de81gn, wilh lh• lived experlence of young people be6ng mNa allY Tecogni¥ed and helping to ohape fthure key strnl•glC prlorltle8 and serylee defylgn. We dellveied a Youth CoNhT•nc• In the Aulumn lovknng al explorlng Knlle Cflme ènd Dangerou6 Drug Networks. We velOun¢hed programm•o In h0O1¢ on lollowlng lop1.. Wtsllne88 ond lourndlng Eduoallng those 01 fl$k of dl$plaWng or being vlcllm6 ol HaTmfsJl XUal behaviours Supportlng young p•opl¢ wilh Impr160ned parent8 Croated a Podcast In partn•r8hlp wllh Ex•t•r Unl¥•rnlty Our dlgital lem lacilStat•d 108eareh into a number ol toplc5 •nd created pod¢asl8 ol ih• learnlng for u8• 101 other6 worklng wlth young people, We develOd • young volce podc•$l io exploreporc•pllon$ ol Mental Healih and th• language used •ftw COVID, wllh ept8od•8 on gaming, 8chool. frt•nd8hlp8. .THE Y.OUTH , WORK',f¥OD.CAST Dellvered a much needed 8ummer actlvlty programme We rnn 80mo Incredlbl• #ummer ocllvltl•# whlch r••lty gAvoyoung people i Chance lo hov• furn mak8 lit•rrf18 Ind build gkill8. IncludlrvJ. Hlv• Liv•, Exeler Re6identlal, Exmoulh odv•nturi Bld•lord Kayoklng, 8am8lapl• Gr•ffrtl pro18, Bld•lord b•a¢h day, wilh young peoplelolning Ihern Irom Boinstph And Tlv6rtory woodl•nds Advqnture P•fK lllp8 to Thoip• paik Bear tsall mudty 8s8auli courne, the Il•1 could go on and on. Thè Summèr •ctlvliio1 wé ran In 2023 hive gIn young p•ople expertences they wouldn't oiherwi8e hgve. consglldated Iqlailon$hlp8 belwegn yo wothers And young people. gol them oui ol comfort zongs, 4nd facllll8lÈd rlsk taklng a1¥11163 needed lor adolescent braln d•velopmeM. Page 11
DYS Space Limited Supported our colleagues in the Youth Sector across Devon We ha •upport•d new ¢hJb•to open •uc* a8: cullomptonYth Club we Ex• In Exet•r cha9f0 & 018trlct Youth Club Klngokèraw411 Our tralnlng offeTeontlnuo9 to be w•1 needed •nd wdcomad Chlld Prolecllon.. 73 •tlendee8tot Safeguardlng Gffjup 2.. 82 è116ndeeg tol•1 Safeguardlng Group S.. 40 •lt¢nd•o8 totsl 107 8ttende•8 In lotal for all 011 Iralnlng programm•8 Saf•guardln9 forTfuit•08 and Manag•menl Commlttoq M•mbers Trnlnlng., S attendee$ Menldl Heokh FlrBt Ald TrnlnlThJ: 15 atlende•a Ji 14 k Page 12
DYS Space Limited Some Stories Tlie Ihlngs we heJr liiTie and iiine again are hoyi youth ceniTea, and the long lerni relaiitsnshlp wilh youih workers 15 a lifeline lor somo. here are a lew-loiies Ifom Ihe young peoplo we havo SLippofied. "I was in a very unhe4llhy relallonship thai ledme to $ellh8rffl, do dnJgs andalcohol. Th• youili cenlre was nol onty my 841eplace lo go when I neededlielp. bul they10 ljelped and stspporled me wlihprofesslon41 help in order for me lo recover. I now iio loiigcr have èny ol those unhealihy coping methods and wlll be lorever gr8lelul to the youth cenlr•. - Lucy, 17 Beforn I started eomjng loyoulh club I wenl lo the doclors and ihey Ihoughl Ih8da slre8k of depresslon, I went lo see J couii$ellor. Wlign I went l olldn'r really leg1 Ilke It helped. I hada liiefté who used lo gel l-18upporl Irom Ihe youth workers and they kepl MIndIng m9 Ih8t I couldcorne ond ralk to Ihe youth workers whenever I needed io. 15tarted to play 8 bll ofpool iyllli the workers 8nd $18rled lo lrnsi ihem. Aiihough I don't elways lalk abovt niydeprosslon or Issues comlng Into Ihe youth club makes me leel more happy8nd secure. Mycounselllftg 8lops In Iwo weeks, bvl I know Ih8t 111 be okay Bs I will always hove bock up- I con see theyovth workers. Thanks to Ihe Space slaflfor making me happy.- Kèlth, 16 before I slarled comlng lo Youlh Cluts Idldn'l r•8My have any Irlend$ lo 18lk lo, lu$t odults really. I live In a chlldrens home. This made me leel re8lly lonel I had jusl been pul Into care and I lell really 8iixlous aboui ihls. I then s18rled coming lo Ihe se¥slon on a Filday Ighi 81 rhe youih ¢lLtb. Ih8ve now mede some friends slnce coming here. I realtylook lonvard 1¢ mIng to the youlh club. Ilike il because It finlshes quile18le 8nd I Ilke th81. 1 lind il easy lo lalk loyoulh w0er$ baUse Ihey are relDxed open and friendly 81Jd I really Ilke Ihe quleler ones because I don't Ilke A lot oli?oise end dislra¢llons. Comlng hefe has helped me a lol. -A,15 Page 13
DYS Space Limlted Ihe Youth centre rèéllyhelpedme lo gel ov•rmyn8fts delih. li helpedbecause li dlslraeledme•ndkepi me buty. Youth work6ts heedme because Iheyencouf8ged me loinleract wlth otheipeople Ih•l I woulth't have usuallylnlei&¢ièd wilh belore. I respect ond look up youth wwkers becuseof Ihe {heYhrfIe thlngs 8nd81vItIeS and how Iheyhelppeople. Iléll ih41 myment81 he81th WA$ 9olngbad and IIH'S couldhave 901 much WSe ilit wasnl lor the Youlh cenire andyoulh workws. It has also kepi m• oll ihe gtreeis 8nLloul of troubl+. - Davfd. 14 When I first 51arledcomlng lo Youili Club Iv5ed lobe a waste of Space. l used lo spend all my monèy on dru9¥ •nd food. I was 8 n$9ce io ihe yOh Worker$ andniypeers. Al Yovlh Club one nighl Iheytroughl out Ihe d9S btsx &ndl got to look &1 all Ihe risks Mlh oneof Ihe Youth Workers. Thls Is when reallly kicked iii. I slerfed 10 get lo knowmy Youlh Workers bellergnd sa¥vrnymoios $llNdoingharder diugs gndlde¢lded lo back oul olll a bll. Ai Yourh Club I sf&rled volunle•ring wilh Ihtyounqerklds. l am noWm0 •w8re ot mysell8ndmoie responslble in Bndout ol th• Youih Club. I feel Ihai 14lklng to Ihe Youth W0•r$hA8 helped In my Ille ¢han9lng type ihlng. J•llyi 18 Mylnvolvement wilh Spscèhag given me ihe abllY to fmd and get 8 Jod Realise that l am worlh a loi more Ihan Ilhought andhas helpedme to ger b8ck Into eLluc•tlon. I fir81 Joinedwhen I was 13 ondwasn'l &w8re ofihe imp8Ct thai IINS ser¥Ke wouldhave on my Ilfe! I wenl lo Ihe youth club every nlghi ihat11 was open and soon made lois ol Irlends, As I gol olderlife gol a lot more dlffieuli lor me as I became a young carer 91 horne and w&s al¥v sufl¥riiig froiji Depressloii aiid Anxièly. Carlng for8om@one&t Iitsn?Lth IDke$ up a lol ofyour limo on(1 youlh club svas tlre ontr Chance Ihd41 leeling lik(J o normal leenager. W I lold a youlh worker Ihat I ws siruggllng I wes ollwed some l.'I suppori and Ihapplly accepled. MykeyworkLV was funny and already knew me very well VCh madé il a Illllè easler to slari ihe l-l sesslons wllhout fe8r ol nol knowing who I wouldbe lolking lo, I was 18 and hodno Ideè what lo do wilh myiife. Looking loroiob was a veiy sc&ry Ihough¢ l olien ivorrled andpenickedabout gelltng 8lob and lalllng. TIKough 11 $esslons we did 8 lol olwtvk 8round my skins 8ndqualllles which at first I IoLfnL( wry dlffieult as I thought I w8$ useless. Aliera whlle I slowlyslailed ihlnking 1rt8ybe I c8n do Ihls. Ispilously slarled to consldereomin9 oflol slckness benefits ond looking lor some work. Whèn our l-l $e$slons finlshed I was ècllvelylooking for woik andrecelvln9 supporl from ourlocbl job cenlre. When I feceived 8n Intervlew for Sainsburys I was pelrifio(l. myfffsl fyireJviewlForlunalely Ihoy Ilkedm8nd employedme Ihe ftexl weekl I wlll always bt giBleful io Space. - Advh •x rn•mb¢r Page 14
DYS Space Limited Summary iA8a:81gff rnulyal,,wé look OlWnÈr8hlp.,of;DeYori'.$'Y(iuih SeNloe,In,2017,,'villh iho'nee'ds oli and.ef(urf8.Inlo,provldlbg.Ihe.koal:spkvltiès, 0g$lblelfr)t,, YOA9p'er1PIe,..S1ffj.¥rt1tPjl,.b¢n bord',Ip éoybty, ¢Bprolally,%y5ili iile,'In¢¥•oglnu r¢ith'p!&iiiy:ofibuii#orl-,npqtl¢d lor,youn ppbpl& Ourlearoltbg',frotn 20231241ts,io,ehsuro èonl_lllUè10 provld¢.foi:Ihene*dg:of y.ourJg,'p.oopI'e',wlibi&n,"e.qy81:èrrip.Iio8l&nniihe,viBblllty..iil',1gunehing4etyl¢es,'dovelOpIng 'IDlttaihès,,Whl1'b8I8DeIn',l1}Q.l1oodS.'ofr¥o,un9 iieDplewih,Ih'g r¢&lfly of.,Ihe devdsijllnglg. Page 15
DYS Space Limited Looking ahead to 2024125 Strategic Direction IIlGtort# Iij41(Ilyr4 fieJrry ClJ". .11 trorooaii &¢CÉi#$ vfjiilh wDik b&. Gove.rnance Succession 111 rnDlinii,J fo bfidffis¥plfJile 8s1csrbtylII. Inf rastructure Ill L'iin wiD.rfTiUI4 tmYJa V..• In oiJro.pi' Nilvnilprt4QlNrt i%rilltilvr.r&o¢joa goll4lyJry.Il¥ Recruitment and Retention Npiloi}H. 4,11':9¥,'4I¥O.':l lir[%1 IE)iig!hfri'. Igiilh p#041on¢iiitpnilw 4ifp.419 rt91}Ilill.mokrn¢i Funding & Income Generation ppl.7( fjiir ts,JDI 4uthpffej,'rpisli4'14$1'Vif8v,InSilbMoGla ryithil%". 19 419, wr*'will Ufj tb DII¥IIW(t l!1Q&è I9111n1 fil.ryfitsnshlij$ whlle 0180 I&1 ndiit. fvwwlll expl,?dna fVMIng wroartbi Rknif i.$m9 ¥Fnerati¥lQ.' a.1¥11 Ihfou¢JhULilldiThg doriorrol&lion$blp& trurlx apd lourd41111•rj ei)ar&19p¥(¢nthlili>$. Page 16
DYS Space Limitsd Principal Risks A 8tNlegl¢ rl$k r891$1gr Is owned and rgvlewed by th¥ Board quarterly. Rlsk Area Rlsk Mltlgallon Ensuring Ihal prlorllles are clear and Ih81 8UPPOrt Is offered to Iho8e $t8ff who are findlng the Iran61tlon dlffw#Jli Opefallonal In the nèw slructure Staff may feel new pre$$ures leading to btjrrwul or dlssail$fa¢llon Retment of quallfied slaffing Work wllh partnerslo'8pon$ol a youlh work appientlce. Ensure Inducllon and tralnlng 8chemes ale robust Malntaln c108e rel8llon8hlpG wlth commlssloners Swllch 8uppll•i$. Improve hab1181 eon8umpllon Flnanclal L088 of c¢ntr4ct8 Inllatlon and C08t of Ilvlng Cfv•r rellance on publk 8e¢t¢X conlrgcI¥ Grow aliernallve Inecme 8lre•m8 Lack of fundralslng Income Implement fundral¥lng plan8, work whh funders. appty io charltable Iru818 where epproprlal¥ En8uie Inducllon and ir8lnlng18 made avalloblg Governance & Compllan Relallvely new board In lome P0911ions External Poliiical & LA dlrecllon Malntaln good relallon8hlp8 wlth eleeled m•mbers, MPS and Commlssloner8. Page 17
DYS Space Limited Funding As g publlo s•rvle• mutual our r•lotlon8hlp wlth our publl¢se¢torparlner81& Important to Us, and vli81 to enabllng usto oarry Qui much ofovr woth. We are entertng the Sth yeaf of a 5 yearcontract wlth DCC to provld• 8grvlc•8 for young people. We Iw• Io 8e¢ui• the rb•Xt ¢ontrAct ond conllnue to dellveriho gxcellenl wrvlces we pvesent Inth18 ieport. W• are also •nt•rfngihe l•sl year of 3 forth• Office of Polke Crlm• Comm1881oner. W¢ wlll aontlnue to lead the pJrtner8hlp 8er088 Ihe 80Uth wesl penlnsulg olihe UK reduclng antl-80cl•l bqh&vlour and glvlng young people acce89 lo Ngh qualllyyouth woik. An Income Btrategy 58 drawn up for 2024125 to owtjble us lo glow now Incorn• 81re•m• through buildlrvJ ifj14tion¥hlw wllh more Irusts foundallong. Ovqrall theChErlty i tradlng defi¢li of £706,620120fJ: £761,664 d•ficlt} through118 ch•rft•ble andtiadng •cllvltl•$. Space eonllnue81o wort( on longer lemi Proj18 l.e. Ihp OPCC ASB Outregch woJo¢1. Oiher ?hort leim prolec14 for•xarnple. CYP- In Rea¢h and Ottery Sl Mary SLA h4ve been extended and contlnued for 2023124, Su¥191bIlItY of prolect fundlng 1$ Improved by the80 development6. SEND and LGBTQ WO sèparately funded contlnuej lo expand 8UPPOrt In ihe9• aal a¢ro88 Devon. Durlng 2023124 Ineome Increa8ed 8ltghtlyby 0.4% frt>m £3.058m lo £3,071m, •lihough Our Core conliact with DCC IncweaBed by &7% Irom £1.867m to £1,973m 28 per the cimtract. Ttadlng Inoome from our oltomatlve prov181Dn Bchool, Chances reduced by 17.5% Irom 355k to £293k113% r4ductlon In 20221231. SI•pg hav• b4•n laken to SncTea8o Income In th• 2024125 budget at tha polnl ol wrlilng thlB Is bèlng ¥chleved. Totsl Olhw Inoomt (Includlng Chce8) redueed Bltohtly by1.2% from £511 k w £502k due 10 Ihe aforwnenlloned reductlon In Chanee8 Income, whllsi l•ltlng8 Incom ho8 Sncreasèd by £14k In 2023124 and the Incomo gen¢roted by ow Educallonal &*pport Servlce9 (ESSI by È43k. ESS IB an outreach tr)dln9 arm whlch work$ wllhln Schools to 8UPPOrt pupll8 al rlBkof exclu81on or r•qulrtng &UPPOTt wbth w8llb•ing. Exp•ndllur• ho8 rUc9d by 8% from £4.105m lo £3.778m {10.5 % In¢reaB• In 2022123). CT owe opeiailng oosts hgve reduced prtma In 81alf co$1$ (£116k) and prolecl expendltu (£72k} alihough th1$ Is reflected In the reducllon of as8oel&ted Income,The h8ve a180 be•n an Ineae due lo utllily and fuel c(Jst& (£30k) The penslon lund gèneratéd a not goln In the year ¢)f £402.000 (2023.. net galn of £3.133,000>. Incr•aglng lh• pengton fund at th• yoar end to È251(KJO {2023: £144.000 Ll8bllily). 801gn¢e Sheet 088•18 Qf £314.442 as ai 31 March 202412023.. £619.062), TNS Is alter the benefr( lor the Defingd Bendit Pen31on Scheme 01 £252.000 (2023: Page 18
DYS Space Limited £144,000 Llability). Ch8nge8 In the finanelal markets have beenthe eau8e of the Slgnlficant changeto the valuations used lor the Dèfined Benefit Pension Scheme ie8uliing In an Increase In the benefit for2023124. Astheacluarlal assumptlons can vary slgnificantly ye4r on year (ln partlcular the dlscounl rale). thellablllty iefle¢l8 a snopshot at the period end. Empltsyercontvlbullon8 arq detemilned by 8 trl. Annual valuatlon of ihe 6cheme. A thank you to all our funders, partners and supporters Chlldren In Neod {CIN X.plorè Okehampton). Chlldren In Need fundlng lor Okehampton X-ploig ILG8TQI group Mld D•von PCN- clM Vall•y. Prov18kn1 of a youth worker lor12 hr8 per w••k for 8ocl81 prescrlblng In the Culm Valley Northbmokcomrnunlty TNJt. Piovlglon of g SEND youth club oeB¥ton Tlverton for 3 year8 SWAN (Safety of Wom¢n Al Nlghi)- Safely of Women al Nlghl r•B•arch wolecl DCC (&onomy & Skill$ T•am) Flylng gtart- Enlrepieneurlal and iech gUPPOrt lor 4ddlllonal ploleot al 3 youlh clubs In Devon ov•r an 18 month perlod UKYouth - Aotlv• Youth. Encouraot young peopl£ to tAke up phy81c81 acllvlly for o perlod of Ilm• and me88wg of 6usl8lned phy6lc418ellvlty a8 • re8uII DCF Soclal pr•8erlblng (Comwminlly Conn•clor8). Provhlon of youth woikor8 <1.8FTE} for 8od81 pr•8crlblng In the Ex•l¢r &re4 OPCC- ASB Y¢uth 04rtr•a¢h. Penlniula wlde outreach work wllh p¥ttn•r organlgatlons over 3 year peilod Exèter IthIver8liy- Montal H•ahh P•dea8t•- focllllale fe8e8f¢h Into a number of toplc8 and cl1& podca518 ofihe learnlng for u8e forolhers worklng wbth young people Exmouth Rotary Club. a donatbn towards Ihe Exmouth Ulh centre8ummerprogramme Page 19
DYS Space Limitsd 0tt8ry St Mary SLA- SLA forthe provl8lon 012 nlghts perweek and 80me tarwed workvAth ywng 0p18 In O¢lery St Mary T*nbrldgg & South Ham¥ Pollc•-Summw programme- fundlng iowards resource4trlps foryoung people Sn Newkn Abbot T•lgnbrldg• DC- S4f•rSpac•¥, Safer Pla¢••- a partnèr8hlp gppioach to educatkng young peopleabout hamiful Sexual behavlour8 In the Telgnbrfdge art8 Yow D•von- CYP In Reach Dlgcharye Support- suppori loryoung people In hfAplial lor lorgér term 8tsy8 and Sn preparatlon for dlseh8rgp In Exeter Bam$tapl• In Bloom" gArd•n r•d•slgn and upk•ep Ilomwn Fanlly Ch•rft•bl•TTu•t. Summer programme Ok•h•mplon Vnlt•d ctI•$- Multiple fundlng support John Lewls Coup• Partn•r•hlp- Communlty 8upport On• Stop- 100 Club Summer Re81dentlal Safè South Wegt. Bldelord boat race Financial Review Going Concern Thg Board ha8 congldei•d the budg•l for Ihg perlod 10 31 March 2026. Th18 Includes the 8tabiliiyof an exl•n$lon toour DCC contract for1 year •ndlng 31st Mareh 202& Thlg contract ha9 been awarded a 2.5% w>lllt in 25126. Glven Ihe8?cDllBldeiallons, ihe Boa feels DYS Space Lld18 4 goln9 concern forthe fwesevable future,lo Includ¢ a peflod of 12 monlhg followlng Ihe slgnlng of iho occounls lo the ye•r ended 31 March 2025. Page 20
DYS Space Limited Reserves Policy Our policy for holdlng reseThes takes Into account boih Accounllng and Reportlng by Chrltlès'. Slatement ofReeommended Plalce IFRS 1021 and ihe guldancè Igsued by th• Charltlés Commlsslon In CC19: Ch8rlty Reservè8'. Buildlng Re$lll¢nee. DYS Spaee hold8 reserve8 In ordertw. Set aslde fund$ for apeclfic puipo8es to fwlherthe developm•nt o(the or9•nlsallon (£80.000) Preparè lor any unfore8een Ilabllitle8 whl¢h may occur In ihe futur• En8ur• hav• r08erve8 to meet the Board8 re8erve¥ PON Th1$ y¢arlho Board h•8 l•vled and 4ppiov•d a new ReBeive8 Polleywhl¢h provld•s for Unreslrfctqd Reserve8 0125% olour turnover. Foi 2023124 th18 would b• £775A)OD. Unmstilcted R•serves * 31st Mwch 2024 ore £62,442 {$eo Jmmary of ld8 tabl•) Our Reserves Br•held largèly In c88h wilh onty £13.390 of unrt3lrlcled re¥eryes being repre8ented bytanglble 8$$el$. The Re8erve¥ held al the y•aTrond amounted to r314,44212023..£619.0621 of whkh £252,000 were represenled by the Penslon ReseNe leovlng £62,442 01 unre8trlcl8d re8erve8 The yegl gnd pggltlon h98 prompted 4 revlew of our policylo Include explorallon of Ilab111119S fow stalfing wllh muliipl8 Bcenar108 belng consldeied. RESERVES AS AT 31 MARCH 2024 2023 Unreslrl¢led Fund8 £62,442 £340,365 £192,677 Re8tiSoled Fund8 C8pltal Rèplaeèmenl ResoN& Investment In Chances £30,000 £so.000 Gen8ral Ifofjngrfy SirJt•glcl Reswv• £150,000 Penslon Fd £262,000 (É14411001 TQTAL £314,442 £619.062 Page 21
DYS Space Limited NET AssErs 2024 2023 Tanglble Flxed Axsels Ca8h and ca8h equ6valents Other Net Curtent Llabilitles £13,390 £259.763 £41,289 £314,442 £23.475 £794,676 1£199,089} E619,W)2 TOTAL Summary of Funds: FtJNDS AS AT 31 MARCH 2024 2023 Unie$lrl¢ted Fund3 £62,442 É570.3e5 £192,677 1£199.089) £763,062 Raililoted Fund# Other Nel Curient Llablliu•$ FUNDS BEFORE PENSION DEFICIT £62,442 Peng1o¥Tr Reserve É252,OUO £314,442 <£144,000) £619,t162 TOTAL Page 22
DYS Space Limited Independent Auditor's Report to the Members of DYS Space Limitsd Oplnlon Wé have audited the financlal statements of DYS Space Llmlted (the 'charity') for the year endèd 31 March 2024, whlth Comprise the Statement of Financlal Acllvities, Balance Sheet, Statement of Cash Flows, and Notes to th8 Financlal Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ir81and' and applicable law (United Kingdom Generally Accepted Accounling Practice). In our oplnlon the financlal slatements: glve 8 true and frdlr vlew of the slate of the charily's affairs 88 at 31 March 2024 and of Ils incomlng resources and application of resources, includlng Its Income and expenditure, for the year then ended., have been propedy prepared In accordance wlth Unlted Klngdom G8ner8lly Accepted Accountlng Practl¢e', and hav8 b8en prepared in accordance wlth the requirements of the Companies Act 2006. Basis for oplnlon We conducted our audlt In accordanc8 wlth International Standards on Audltlng (UK) {ISAs (UK)) and applicable law. Our responslbilllles under those standards are further descrfbed In the audllor responslbllitles for the audlt of the financial st8temenls sectlon of our report. We 8re independent of the charlty In accordan with the elhlcal requirements that are relevant to our audlt of the linanclal stalemenis In the UK, Includlng the FRC'S Ethlcal Standard, and we have fulfllled our other ethlcal responslbllltles In accordance wlth these requlremenis, We belleve that the audlt evldence we have obtained Is sufficlenl and approprlate to provld8 a basis for our opinlon. ConcluBlon8 ralatlng to golng concorn In auditing thg financlal statements, we have concluded that the trustees use of the golng concern basis of accountlng In the preparation of the flnancial statemenls is approprlate. Based on the work we have performed, we have not Identified any malerial uncertalntles relating to 8vents or conditions that, Indlvidually or collectlvely, may cast significant doubt on the charity's ability lo continue as 8 going conrn for a peric#J of at least e1ve months from when the original financial st8laments w&re authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern ar8 described in the relevanl sections of Ihis report. othér Inform8tlon The twstees are respon51ble for the oiher information. The other Snformation compris85 the Informalion included In the annual report, other than the financial statements and our auditorfs report thereon. Our oplnion on the financial statements doe5 not cover the other Information and, except to the extent othetwise explicitly staled in aur report, we do not express any form of assurance condu5ion thereon. Page 23
DYS Spaca Limited Indepondant Auditor's Report to the Members of DYS Space Limitad In connection with our audit of the financial statements, our responsibility is to read the other Information and, in dolng so. consider whether the oiher information is rnaterially incon51stent wlth the financial statements or our knowledge obtalned in the audit or otherwise appears to be materially misstated. If we identify such material inconslslencies or apparent malerlal misstatements, we are required lo determine whether there is a materlal misslalement In Ihe flnanclal statements or a material misstatement of the other Information. If, based on the work we have performed, we conclude that there Is a material misstatemenl of this other Informatlon, we are requlred to report that faGL We have noihing to report in this r8gard. Opinlon on other matter prescribed by the Companles Act 2006 In our opinion, based on the work undertaken In the course of the 8udit: the inf0mtion given in th8 Trustees, Report for the flnancial year for which the financlal Statements are prepared is consistent wlth Ihe financlal statements. and the Trustees, Report has b88n prepared in 8ccordanc8 wlth appllcable legal requirements. Matters on whlch we are requlred to report by exc8Ptlon In the light of our knowledge and understanding of the charity and Ils envlronment obtalned In Ihe course of the audll, we have nol Idenllfied materlal misststements In the Trustees, Report. We have nothing to report In respect of the followlng matters where the Companies Act 2006 requlres US to report to you if, In our opln50n: adequate accountlng records have not been kept, or returns adequate for our audit have not been received from branches nol vlslted by us., or the financlal staternenls are not in agreement with the accounling records and returns., or certain disclosures of trustees rernuner8lion specified by law are not made,. or we have not reIVed all the information and explanallons we rÈqulrÈ for our audit. Responslbllities of trustees As explained more fulty In the Statement of trustees, responslbllltle8 (8et out on page 2), the truslees are responslble for the preparalion of the financial statements and for b8lng satisflèd Ihal they giv8 a true and fair vlew, and for such Internal control as the trustees delermlne Is necèssary to enable the pieparation of financlal statem8nts thal ar8 free from matgrial mi5Statement, whether due lo fraud or error. In preparlng the financlal slat8ments. th8 trustges are re5ponslble for assesslng the charity's ablllty to conlinug 85 a going concern. discloslng, as applicable, mat19rs relaled lo golng concern and using the going conc8rn basis of accounting unless the tnjslees either intend lo liquidale the charity or to cease operations, or have no reallstfjc allernallve bul to do so. Auditor responslbilitiè8 for the audit of the financial statements Our objectlves are to oblaln reasonable assurance about wheiher the financial statements as a whole are free trom material misstatement, whether due to fraud or error, and to issue an auditor's reporl that includes our opinion. Reasonable assurance Is A hlgh level of assurance, but is not a guarantee that an audit conducted in accordance wlth ISAS {UKI wlll always detect a material misstatement when It exists. Misstatements can arlse from fraud or erior and are considered material If, Individually or In the aggregate, they could reasonably be expected to Influenc8 the economic decisions of users taken on the basis of th858 financial ststements. Page 24
DYS Space Limited Independent Auditor's Report to the Members of DYS Space Limitsd The extent to whlch our procedures are Gapable of detecting irregularities, including fraud is detailed below: We identified areas of laws and regulallons thal could reasonably be expected to have a malerial effect on the financial statements from our general commercial and sector experience and through dlscussion with the Truslees and other management. We communicated identified laws and regulations throughout our team and remained alert to any indlcalions of non-compliance throughout the audlt. The charlty are sublect to laws and regulations that govem the preparation of the financial statements, includlng flnanclal reporting 18gislalion. The charity are also subject to other laws and regulatlons where the consequences of non-compliance could have a materlal impact on the amounts or disclosures within the financial statemenis, including Ofsted, ernployrnent, anti-bribery and anti-money laundering regulations, Owlng to the Inherent limltats'ons of an audil, there is an unavoidable risk that we may not have detecled some material misstatements in the financial Statements, even though we have properly planned and performed our audit in accordance with audStlng slandards. In any audit, there remains a higher rlsk of non-detectlon of Irregularities, as these may involve collusion, forgery, in18nlional omissions, misrepresentatlons, or the override of Intemal controls. We are nol responsible for preventlng non-compllance and c8nnot be expected to detect non-compliance with all laws and regulatlons. Use of our roport This report is made solely to the charllable company's truslee8, as a body, In accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audlt work has been undertaken so that we might state to the Gharily's trustees those matters we are requlred to state to them In an audSlor's report and for no other purpose. To the fullest exlent permltted by law. we do not accept or assume responsibility to anyone other than the charitable company and Irusl6e5 as a body, for our audil work, for thls report, or for the oplnlons we have formed. CSLUS L Ll Adam Croney ACA (Senlor Slatutory Auditor) For and on behalf of Westcotts ISW) LLP, Statutory Audltor Plym House 3 Longbridge Road Plymouth Marsh Mllls Devon PL6 8LT Page 25
DYS Space Limited Statsment of Financial Activities for the Year Ended 31 March 2024 {Includlng Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrlctsd Restricted funds funds Penslon funds Total 2024 Total 2023 Nots Income and Endowments from: Donatlons and legaoles Charitab18 activities other tradlng act6vllles Inv8Stmpnt income 3,534 2,083,646 501,679 8,464 3,534 2,557,670 501,679 8.464 8,983 2.636,464 510,962 2,533 474,024 Total income 2.597,323 474,024 3,071,347 3,058,942 Expendllur8 on: Raising ftJnd5 Charitable activitl8s 19,0021 3.096 264 (9,002) 3,768,965 (11,751) (4.092,855) 3,105,266) 13,777,967) (4,104,606) 666,701 6,000 (666,701 s,0001 Total expenditure N8t expenditure other rècognl8ed galn8 and losses Actuarial gains on deft'ned benefit pensk)n schemes {507,9431 1192,677) (6,000) {706,820) (1,045,884) 17 402,000 402,000 3,133,000 Net movement In ftjnds (507,9431 (192,677) 396,000 (304.620) 2,087,336 Reconcillatlon of fund8 Total funds brought forward 570,385 192,677 (144,000 619,C62 1,468.274 Total funds carrled fOard 18 82,442 252 000 314,442 619.062 All of the charlty's actlvlties derlve from conlinulng operations durlng the above porlods. The funds breakdown for 2023 is shown in note 18. The notes on pages 29 to So form gn integral part of these financial statements. Page 26
DYS Space Limited (Registration number: 10229618) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets 13 13,390 23,475 Current assets Debtors Cash at bank and In hand 14 800,725 259.763 1,060,488 950,430 794,677 1,745.107 1005,520 Crodltors: Amounls falllng due wlthin one year Net current assets 15 1,011.436 49,052 739,587 Net assets excludlng penslon Ilablllty Penslon scheme Ilablllty 62,442 252,000 314442 763,062 144,000 17 Net asset8 Includlng penslon Ilablllty Fund8 of tha charlty: 619,062 Restrlct8d Income funds Restricted funds 192,677 Unrestricted Income funds Unrestricted funds 62,442 252.000 570,385 Penslon funds 144,000 619,062 Total funds 18 314,442 The financial statements on pages 26 to 50 were approved by the trustees, and authorised for issue on .i.Z/.i.i.l.z+ and signed on their behalf by- Daniel Barton Twstee The notes on pages 29 to 50 form an integral part of these financial statements. Page 27
DYS Space Limited statement of Cash Flows for the Year Endod 31 March 2024 2024 2023 Note Cash Ilows from oporatlng a¢tlvltle$ Nel cash expenditure Adjustments to cash flov from non-cash Item6 Depreclallon Investrnent incoff N&t defined beneflt penslon costs (706,620) {1,045,664) 14,359 (8,464) 6,000 (694,725) 14.691 {2,533) 284,000 (749,506} Worklng capltal adJustrnents Decrease In debtors Increase In creditors 14 15 149,705 5,916 438,650 152,585 Net cash flows from operating activities Cash flow8 from Investlng actlvltles Inleresl receivable and 8imllar Income Purchase of tanglble fixed assets Net cash flows from investing activitles Net decrease in cash and cash equivalents Cash and cash equlvalents at 1 Apdl Cash and cash equlvalents at 31 March 1539,104 158,271 8,464 4,274 2,533 19.496 13 116,963 {534,914) 794.877 (175,2341 969,911 259,763 794,677 All of the c8sh fiows ar8 derived from contlnulng operallons during the above kn periods. The notes on pages 29 to 50 fomi an Integral part of these financial statements. Page 28
DYS Space Limltod Notes to the Financial Statements for the Year Ended 31 March 2024 1 Charlty stalus The charfty Is Ilmited by guarantee. incorporated in England and Wales, and consequenlly does not have share capltal. Each of the trustees is liable to contTtbute an amount not exceeding £1 towards the assets of the charity In the event of liquidation. The addr955 of ils registered offic8 Is.. 100 Club Wear Barton Road Exeter EX2 7EH 2 Accounting polici85 Summary of 8lgnlflcant accountlng pollci8& and kay accountlng 88tlmat08 The principal accounting pollcies applied in the preparation of these financial 5tatemenis are sét out below. These policies have been consistently applied to all the years presented, unless OtheIse stated. Statsment of eompllance The financial statements have been prepared In accordancé wlth Accounllng and Reporting by Charities: Statement of Recommended Praclice (appllcable to charltle5 preparing their accounts in accord8nce with the Financl31 Reportlng Standard appllcable in tho UK and R8public of Ir8land IFRS 102)) (issued In October 20191 (Charltles SORP {FRS 1021), the Flnancial Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102) and the Companies Act 2006. Basis of prèparation DYS Space Limited meets the definillon of a public benefit entily under FRS 102. Assets and liabilili8S are initially recognised at historical cost or transactlon value unless otheMi88 ststed in the relevant accounting pollcy notes. Golng concern The trustees conslder that there are no material unc8rlainties about the charity's ability lo continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Page 29
DYS Space Llmlted Notes to the Ffnancial Statemants for the Year Ended 31 March 2024 Judgements In appllcation of the charitable company's accounling pollcies, the Trustees are required to make Judgements, estimates and assumptlons about the carrylng value of assels and liabilities that are no readily apparent from other sourGes. The estimates and associated assumptions are based on historical eviden and other factors that are consSder8d to be relevant. Actual results may differ from these estimates. The estimates and undedying assumptlons are reviewed on an ongoing basis. R8visions to accountlng estimates are recognlsed in the period in which th8 estimate is revised, if that rèvlslon affects onty that perk)d. If the revised estimate affects the period of revision and future periods, both current and future perlods are revlsed. The present value of the Local Govammenl Pension Scherne definad benefit Ilabllity depends on 8 number of factors that are detemiined on an actuarial basis uslng a varlety of assumptlons. The assumptions used In determining the net cost (income) for pensions Include the discount rate. Any changes in these assumptions, which are disclosed in the notes, will impact the carrylng amounl of the pension liability Income and endowments All income Is recognisod onc8 the charity has enti118ment to the income, il is probable that the Inme wlll be r8cÈlved and the amount of the incom8 r8C8ivab18 can be m8asur8d rellably. Donatlons and1ogacl•s Donatlons are recognlsed when the charlly has been notlfied Sn wrlting of both th8 amount and selllement date. In the event that a donallon Is sublecl to conditions that require a level of P8rfonnance by the charity before the charity is entlued to the funds, the Income Is deferred and not recognised unbl ellher those condltions are fully met, or Ihe fulfilment of those conditions is wholly wilhin the control of the charity and It 58 probable that Ihe8e condillons wlll be fulfilled in the reporting period. Def8rred Income Deferred incom8 represents amounts received for future perlods and Is released lo Incoming resources in Ihe period for whlch, It h88 bèèn recelved. Such Incomè Is only daferred when: - The donor specifi8S thal the grant or donation must onty be used In future accounting periods. or Th& donor has imposed condltions whlch must be met before the charfty has unconditional enlitlement. Investment Income Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. Page 30
DYS Space Limited Notes to the Flnancial Statements for the Year Ended 31 March 2024 Expendtture All expenditure is recognised On there is a legal or construcllve obligation io that expenditure, il is probable settlement is required and the amount can be measured reliably, All costs are allocated lo the applicable expenditure heading ihat aggregate similar costs to that category. Where costs cannot be direcuy allributed to particular headlngs they have been allocated on a basis consislent wlth the usè of resources, wlth central staff costs allocated on the basis of time spent, and depreciation charges allocaied on the portlon of the asset's use. Other support costs are allo¢at&d based on the spread of staff costs. Ralslng funds These are costs Incurred In atlractlng voluntary Income, the managemenl of Snvestments and those Incurred In tr8dlng actlvltles that relse funds. Charltable actlvltles Charliable expendllure cornprise8 those costB Incurred by the charity in Ihe dgllvery of its activities 8nd seNlces for Its beneficlarle5. It includes both costs that can be allo¢aled directly to such activities and Ihose costs of an Indirect nature necessary to support th8m. Taxatlon The charity Is consIded to pass Ihe tests sel out In Paragraph 1 Schedule 6 of the FInan Act 2010 8nd therefore It meets the definitlon of a charitable company for UK corporallon tax purposes. Accordlngly, the charily Is potentlally exempt from taxallon In respect of Income or capttal gains reIVed withln calegorles covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxatlon of Chargeable Galns Act 1992, to the extent that such Income or gains are 8pplled exduslvely to charltable purposes. Tangible fixed assets Individual fixed assets costlng £500.00 or more are inltlally recorded 81 cost, less any subsequent aecumulat8d d8praclatlon and subsequent accumulated Impairment losses. Depreclallon and amortlsatlon Depreciation Is provided on tanglble fixed assets 80 a5 to write off the Cost or valuation, less any eslimat8d residual value, over their 8XP&Ct8d useful 8conomic life as follows.. Asset class FixlureB and fitlings Qff1¢8 equipment Deproclatlon method and rate 20% stralght line 33% slraight line Cash and cash aqulval8nts Cash and cash equivalents comprise cash on hand and call deposlts, and other shorl-term highly Ilquid Investments that are readily convertible to 8 known amount of cash and are subject lo an Insignlficant risk of change In valué. Page 31
DYS Space Limited Notes to the Financial Statem&nts for the Year Ended 31 March 2024 Borrowlngs Inierest-bearing borrowings are initially r8cord8d at fair value, n81 of transaclion costs. Inlerest-bearing borrowings are subsequenlty carried at amortised cost, with Ihe dlfference between the proGeeds, net ol transaction costs. and the amount due on redemption being recognised as a charge to the Slatement of Flnanclal Aclivllles over Ihe period of the relevant borrowing. Interest expense is recognlsed on the bas]8 of the effectlve interest m8thod and is included In Intsrest payable and similar tharges. Borrowings are classified as ¢urrent liabilities unless the charlty has an unconditional rlght trj defer seltlement of the liability for at least twelve months after the rewrting date. Fund structure Unraslrloted income funds are génèral fundÈ that arè avallable for use at the truslees discretion In furthéran of the objectives of the charlty. RestrScted income funds are those donated for use in a parilcular area or for speolfic purposes, the use of which Is reslrlcled lo that area or purpose. Hlre purchasg and flnance1oa8e8 Rents payable under operating leases are charged on a straight line basls over the temis of the18ase. The Charlty does nol currently procure servlces under finance lease arrangements. Page 32
DYS Space Limited Notes to the Financial Statoments for tho Year Ended 31 March 2024 Pensions and other post retsrement obllgatlons Retirement benefiis to employees of the Charity are provlded by the Teachers, Pension Scheme {TPS') and the Local Governmant Penslon Scheme {'LGPS'). These are defined benefi't schemes and the assets are held separately from those of the Charity. TPT provide a defined contribullon scheme for non-teaching staff and those llot eligibl8 for th8 LGPS. The TPS is an unfund8d scheme and contributlons are calculaled so as io spread the ¢ost of pensions over employees, working lives with the Charity in such a way that the pension cost is a substantially level percentage of current and future pensionab18 payroll. The contributions are determined by the Government Actuaiy on the basis of quadrennial valualions using a prospective unit credit method. As staled In the notes to the financial statements, the TPS Is a multi-employer scheme and there Is Insufflcient informatlon avallable to use defined benefit accounting. The TPS is therefore treated as 8 dofined conlrlbution scheme for accounting purp)ses and the contributions recogni8ed in the period to which they r8late. Thè LGPS is 8 funded scheme and the assets are held separately from those of th8 Charily in separate trustee admlnistered funds. Pension scheme assels are measured at fair value and liabilities 8re measured on an acluaTial basis using the projected unit credit method arbd discounted at a rate equivalent lo the current rate of return on a high quality corporate bond ol equivalent term and currency to the liabillties. The actuarial valuations are obtained at least triennially and are updated at each balance sheet date, The amounts charged to operatlng 8urplus are the current serv1 costs and the costs of scheme introductions, benefit changes, settlements and curtallments. They are Included as part of staff costs as incurred. Net interest on lh8 nel defined benefit liabilitylasset is also recognised In the Statement of Financial Actlvitles and comprises the interest cost on the defined benefit obligation and Interest Incorne on the scheme assets, calculated by multiplying the fair value of the scheme assets at the beginning of the perlod by the rate used lo discount the benefit obllgatlons. The difference beeen the Interest income on the scheme assets and the actual return on the scheme assels is reGognised in other recognised gains and losses. Actuarial gains and losses are recognised immediately in other recognised gain5 and10sses. 3 Incomè from donatlon8 and legacles Unrestrlcted funds Gonaral Tolal 2024 Donations from indivlduals 3,534 3,534 3,534 3.534 Unrestrlcted funds General Restrfctod fund8 Total 2023 Donalions frorn indlviduals 5,483 3,500 8,983 5,483 3,500 8,983 Page 33
DYS Space Llmited Notes to the Financial Statamants for the Year Ended 31 March 2024 4 Income from charitable actlvlties Unrestrictsd funds General Re6trlcted funds Total 2024 Project Incom8 Turning corners AYCH Income Trip Income Duke of Edinburgh DC Core Contracl IncomÈ 83,929 466,226 13,090 {5,2921 550,155 13.090 {5,292) 4,142 22,574 1,973,001 2,557,670 4,142 22,574 1,973,001 2,083,646 474,024 Unr8strlctod funds General Restrlcted funds Total 2023 Project Income DCF Soclal Prescribing Turning corners AYCH Income Membershlp Subsoriptlons Trip incomg Duke of Edinburgh DC Core Contract Income 111,268 2,382 359,697 57,888 84,099 470,965 60,250 84,099 27,356 2,071 2,928 22,075 1,866,720 2 536,464 27,356 2.071 2.928 22.075 1,866,720 2,034,800 501,664 6 Income from othertradlng actlvltles Unrestrfcted funds General Total 2024 Total 2023 Tuck shop Income Duke of Edlnburgh Chancès Income Educatlonal serv18 Support (ESS) Lettlngs Income Other tradlng Income 7,680 7,680 9.714 2,950 355,361 84,278 49,442 9,217 510,962 293,039 127,362 63,852 9,746 501,679 293,039 127,362 63,852 9,746 501,679 Page 34
DYS Space Limited Notes to the Financial Statements for the Year Ended 31 March 2024 6 Investment Incoma Unroslricted funds General Total 2024 Total 2023 Interest receivable on bank deposlts 8,464 2.533 7 Expondltur8 on ralsrng funds Unrestrlcted funds General Total 2024 Total 2023 Duke of Edinburgh Tuck shop purchases 4,044 4,958 4,044 4,958 3,418 8,333 9,002 8 Expènditure on charltabla actlvltlas Total 2024 Tolal 2023 Wages and salaries Social securlty costs Pension costs Support to VCS providers Trustees fees Recrultmenl staff trainlng Projéct speclfic expendlture Hub expenses Grant speclfi¢ éxpenditure Transport and fuel Markellng and fundraising Small grant fund AYCH expenditure Sundry expenses Irrecoverable VAT Rent Rates 2,426,692 197,570 238,734 39,433 105 10,329 16,764 168,379 15,117 3.155 39,358 5,352 89,296 13,942 13,080 5,691 35,118 9,767 2,289.482 191,599 498.244 34,715 14.594 33,045 340,020 22,151 4,209 41,279 6,192 104,387 734 5,767 25,346 20,298 14,135 Page 35
DYS Space Llmited Notes to the Flnanclal Statements for the Year Ended 31 March 2024 Total 2024 Total 2023 Llghl, heal end power Insuran Repairs and malntenance Cleanlng Bulldlng repalrs Pension b<)nd Phone and inlernet Computsr softsvare and maintenance costs Printing, postage and 8tallonery Accountancy f88S Legal and professional fees Bank charg6S Depr8clatlon of fixtures and fittings 99,471 20,156 64.097 95.290 11,752 23.404 26,236 25,827 8,565 20,963 29,984 968 14,370 3,768,965 69.523 18,508 51,870 87,445 70,939 19,382 25,023 38,087 9,068 6,917 34,135 1,070 14,691 4,092,855 Unrestrlcted fund5 General ReBtricted funds PensSon funds Total funds Total for 2024 3,096.264 666.701 6,000 284,000 3,788,985 4,092.855 Total for 2023 3,177,008 631,847 Page 36
DYS Space Limited Notes to the Financial Statements for the Year Ended 31 March 2024 9 Net Incomlngloutgolng resources Net outgoing iesources for the year include: 2024 2023 Audlt fees other non-audit services D8preciation of fixed assets 9,750 4,250 14.359 6,917 1,156 14,691 10 Tru8t8e8 remuneratlon and expen868 £258 (2023: £48) was relmbursed to trustees for transport expenses in the period. The value of Trustee's remuneratlon and other b&neffts was as follows: Kevln Henman {Staff Trustee).. R8munerallon £5,0000 - £10,00012023: £70,000 - £75,000) Empk)yer's pension contribukn'ons: £0- £5,000 (2023.. £10,000 - £15,000} Carollne Down (Staff Truslee)- Remuneiallon £20,000 - £25,000 {2023". £25,000 - £30,000) Employer's pensron contribution8: £0 - £5.00012023'. £0 - £5,000) Dan King {Stalf Trusleel.. Remuneratlon £0 (2023.. £10,000- £15,000) Employer's p9nsion conlributlons: £0 (2023: £0 - £5,000) Cecilia Kokobu (Staff Trusteel.. Remuneration £25,000 - £30,000 (2023.. £0- £5,000) Employees pension conlributlons.. £0 - £5,000 (2023: £0 - £5,000) Danlel Barton (Staff Trustee).. Remuner811on £15.OCrf) - £20,00012023: Nol 8 trustee) Employe¢s penslon contrlbutlons £0 - £5,000 (2023,. Not a trustae) 11 Stsff c08tB The aggregate payroll c08ts were as follow8", 2024 2023 staff costs durlng the year were: Wages and salaries Soclal securlty costs Pension costs 2,426,692 197,670 238,734 2,289,482 1g1,599 498,244 2.862,996 2,979,325 Page 37
DYS Space Llmited Notes to the Financial Ststsments for the Year Ended 31 March 2024 The monthly average number of persons (Including senior management I leadershlp tsam) employed by thg chatity during ihe year wa5 as follows.. 2024 2023 Total 80 82 The number of employees whose emoluments fell wllhin the followlng bands was: 2024 No 2023 No £60,001- £70.000 The total employee benefits of the key management personnel of the charlty were £164.738 (2023 - £278,647). 12 Taxatlon The charlty Is a reglstered ¢harSty and Is therefore exempt from taxatlon. 13 Tanglble Ilxed assets Flxtures and ttlngs Offlce 8qulpment Total C08t At l Aprll 2023 Addltlons 4,015 4,274 78,105 80,120 4,274 At 31 March 2024 8,28g 76,105 84,394 Depreciation At 1 Aprll 2023 Charge for the year Al 31 March 2024 370 780 56,275 13,579 56,645 14,359 1.150 69,854 71.004 Net book value At 31 March 2024 7,139 6,251 13,390 At 31 March 2023 3,645 19,830 23,475 Page 38
DYS Space Limited Notes to the Flnancial Statements for the Year Ended 31 March 2024 14 Debtors 2024 2023 Trade debtors Prepayments Other debtors 739,943 30,492 30,290 800,725 804,282 36,392 109,756 950,430 16 Crédltor8: amounts falllng duo wlthln one year 2024 2023 Trade creditors other taxation and scKlal security Other creditors Accruals and deferred In¢om8 7g,981 199,510 56,116 186,548 215 762,641 1,005,520 731,965 1011.436 16 OblSgations under lease8 and hlre purchas8 contract8 Operatlng lease commltmonts Tolal future minimum lease payments under non-cancellable operallng leases are as follows: 2024 2023 Other Withln one year 509 17 Penslon and othèr schémes The Charities employees belong to prlncipal pension schemes.. the Teachers, Penslon Scheme England and Wales (TPS) for academlc and related statr, and Ihe Local Government Penslon Scheme ILGPS) tor non-teachlng staff, whlch is managed by Devon County Councll. Both are multi- employer deh'ned benefil schemes. The Charlties non-leaching staff, not subject to the TUPE arrangemenls a150 contribute to The Pension Trust scheme under auto-enrolrnenl rules. Thls Ss a defined contribution scheme. Contributions amounting to £3,542 were payable to the schemes at 31 March 2023 and are Included within credllors. Page 39
DYS Space Limited Notes to the FinanGial Statements for the Year Ended 31 March 2024 Teachers, Penslon Scheme Introduction The TeaGher5' Pension Scherne (TPS) is a stBlutory. contrlbulory, defined benefit scheme, govemed by the Teachers, Pensions Regulations 2014. The TPS is an unfunded scheme and members contrlbute on a 'pay a5 you go. basis - these contributions along with those mede by employers are credited to the Exchequer. Retirement and other penslon benefits are pald by publlc funds provlded by Parliament. Valuation of the Teachèrs, Pension Schem8 The Govemment Actuary, u8lng normal gcluarial principles, conducts a formal actuarial review of the TPS in accordance wlth the Public SeNioe Pensions {Valuations and Employer Cost Cap) Dlrection8 2014 published by HM Treasury. The aim of th8 review is to speclfy the18vel of future conltrbulions. Actuarlal scheme valuations are dependent on assumptlons 8bout the value of future costs, design of b8nefils and many other factors. The latest actuarial valuatlon of the TPS was carried out as at 31 March 2016 and In accordanc8 with the Public Servlc8 Penslons Ivaluatlons and Ernployar Cost Cap> Dlrections 2014. The valuation report was published by the Dep8rtm8nt for Education on 5 Mai¢h 2019. The key elements of the valuation and 8ubsequent consultation are.. employer contribullDn rate5 set al 23.680/0 of penslonable pay (thls includes an 8ddilional 0.8Yo following agreement beeen th8 Depsrlmènt for Educatlon and HM Trgasury to d81ay the increasè in 8mpkJyer conlrlbullon rates untll 1 Sèplèmber 2019, and also includ8s a 0.08% employ8r adminlstratlon charge) total scheme liabilitles {pènsion5 currently In payment and the e511mated cost of futurg benefils) for service to the effecllve date of E218,100 mllllon, and notlonal assets (8slimaled future contribullons together wlth the notlonal investments held at the valuatlon dat81 of El 96,100 million giving a notional past setvlce deflcit of E22,000 mllllon the assumed real rate of return Is 2.80kn In exce88 of prices and 2% in excess of earnings. The rate of real eamings growth18 assumed to be 2.2%. The assumed nominal rale of return is 4.860 The TPS valuat5on for 2012 determined an employer r81e of 16.40A, which was payabl8 from September 2015. The 18tesl valuatlon of the TPS Is as al March 2016, whereupon Ihe employer contrlbutlon rate has Increased as per above and was payable frorn 1 April 2019. Th8 employer's penslon costs pald to TPS in the p8riod amounted lo £30,119. A copy of the valuation report and supporting documentation is on the Teachers, Penslons website, Under the definltlons set out In Flnancial Reporting Standard 1 02 (FRS 1 021, the TPS Is 8 multi- employer ponsion scheme. The charlly has accountsd for its contTibutlons to the scheme as If it were a defined contribullon scheme. The Charity has sel out above the informatlon available on the scheme. Page 40
DYS Space Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Defined bengflt penslon schemes Local government penslon 5chemo The LGPS is a funded defined-benefit scheme. with the assets held in separato trustee- adfflinlslered funds. The total conlrlbutlon made for the period ended 31 March 2024 was £146,000, of which employer's conlrlbutlons totalled £110.000 and employees, contrfbutions totalled £36,000. The Bgreed contrlbulion rates for future years are 18.5% per cent for employers. The dal8 of the most recent comprehensive actuarial valuation was 31 March 2022. There is a comprehensive re-valuation every 3 years wlth more limited annual updalgs in b@en. The total cost relatlng to defined beneftt schém8s for the year racognlsed In profit or loss as an expense was 116,000 (2023 - £395,000). Reconclllatlon of schema assets and Ilablllllos to assets and Ilabllitles r8cognls8d The amounts re¢ognlsed In the statement of financial positlon are as follows.. 2024 2023 Falr value of scheme assels Present value of defined benefit obligatlon D8fined beneflt penslon scheme surplu8lld&fidt) 3,544,000 3.292,000) 3,190,000 13,334.000) 252,000 144,000 Dellned banefit obllgatlon Changes in the dafined beneflt obllgalion are as follows,, 2024 2023 Present value at start of yèar Currant serylce cosl Interest cost Actuarial galns and losses Benefits paid Contributions by scheme partlclpants Present value at end of year 3,334,000 110.000 157,000 (185,000) (160.000) 36,000 3,292 000 8,190,000 318,000 158,000 (3.346,000> (32,000) 46,000 3,334,000 Page 41
DYS Space Limited Notes to the Financial Statemonts for the Year Ended 31 March 2024 Falr valu8 of scheme assets Changes in the fair value of scheme assets are as follows.. 2024 2023 Fair value at start of year Interest income Return on plan assets. excludlng amounts included Interest Incomel{expense) Actuarial gains and105ses Administrative exp8nses Employer contributlons Contributions by scheme partlGipants Benefits paid Falr value at end of year 3,190,000 153,000 3,197.000 83,000 217,000 (128,000) (85,000) {2,000) 111,000 46,000 (32,000 3,190,000 (2,000) 110,000 36,000 160,000 3,544,000 Analysls of a888ts Tha major categories of scheme assets are as follows.. 2024 2023 Cash and cash equivalenis Equity instruments Bonds Property Infraslructure Investment funds Other 80,000 1.945,000 805,000 272,000 359,000 84,000 1,000 3.544,000 38,000 1.680.000 682,000 280,000 287,000 222,000 1,OQQ 3,190,000 The pension scheme has not invested in any of the charlty's own finandal Instruments or In propertles or other ass8ts u88d by the Charity. Page 42
DYS Space Llmited Notes to the Financial Statements for the Year Ended 31 March 2024 Prlnelpal actuarlal assumptlons The principal actuarial assumptions at the Statement of financlal posltlon date are as follows.. 2024 2023 Dlscount rate Future salary increases Future penslon Increases {CPI) Post r8tlr•mont mort811ty assumptlons 4.95 3.85 2.85 4.80 3.90 2.90 2024 Yéars 21.50 22.70 22.80 24.10 2023 Year6 21.80 22.90 23.10 24.40 Current UK pensloners at rellrement age - mal8 Curfent UK pensloners at r8llrem8nt age - female Fulure UK pensloners al retir8ment age - male Future UK p8nslon8rs at retirement agè - fema18 Page 43
DYS Space Limitod Notes to the Financial Statements for the Year Ended 31 March 2024 Balance at 31 March 2024 Balance at 1 April 2023 Incoming resources Resource6 expandod Restricted funds Northbrook Community Trust DCC (Economy and Skills Team) Flying Start Turning comers 2 AFCH Beacon Heath Youth Work CIN Xylore (Okehampton) DCC Wlnter Support Grants Exeter University - Mental Healih Podcasts Otlery St Mary - SLA Teignbridge DC - Safar Spaces, Safer Place8 UK Youth Inspire Social Actron Wellness Programm8 Young Devon - CYP - In Reach Discharge Support Other restrlcted projects and grants - detalls of purposes below Okehampton Uniied Devon Commullity Fund Devon & Cornwall Pollce Natlonal Lottery Communlty Fund Chances CIC fundlng Total r6Btrlcted fund8 44,062 (44,062> 58.586 158,588) 113,090) 13,090 997 22,047 21,092 (3,291) 4,294 (22,0471 (21,092) 11,369 13,506 (11,369> (13,506) 3,543 8,500 {12,043) 1,412 3,675 3,560 14,972) (3,675) 6,113 16,666 121,779) 7,275 17,275) 19,730) {34,713) 1248,730) 9.730 34,713 248,730 85,000 59,326 185,000> 59,326 192,677 474.024 666,701 Balance at 1 Aprll 2022 Balance 8t 31 March 2023 Incomlng Resourc8s resources exponded Tran$feTS Restricted Chlldren In Ne8d Mid Devon PCN Culm Valley SLA Pandemic Summer Funding - DCC Additional Young Oevon (Peer Researchers) 23,678 123,878) 5,764 15,130 (10,8551 {10,039) 468,111 (107,4941 1360,617) 15,474 27,114 (17,4571 125,131) Page 45
DYS Space Limitsd Notes to the Financial Statsments for the Year Ended 31 March 2024 Balance at 1 April 2022 Balance at 31 March 2023 Incomlng Resources resources expended Transf8rs Enterprlse Development Fund (EDP I ESS consultancy) SEND Oct 21 Residential Trlp Northbrook Community Trust Covld outdoor spaces conlalnment (COMF 09) DCC (Economy and Skills T8aml Flying Start UK Year In Service - NCS - Dorset Youth CIN youth investment fund - Solar Panels ESS Wellness boxes - St James Place Community Connectors POCA North 21122 Tuming corners 2 AFCH Beacon Heath Youth Wort( CIN X-plore IOkehampton} DCC Winter Support Grants Exeter Universlty - Mental Health Podcasts Ottery St Mary- SLA Teignbridge DC - Safer Spaces, Safer Places UK Youth - Insplr8 Social Action Wellness Programme Young Devon - CYP - In Reach Discharge Support other reslricled projects and grants - delalls of purposes below Total restrlcted funds 16.840 21,633 {21,633) (16,840) 3,776 (2,808) (9681 54.000 (9.9381 44,062 105,070 140,946 (192,624> (53,3921 101,882 (43,096) 58,586 (27,418) 27,418 14,163 (13,114) (1,049) 2.500 (2,331 } (60,250) (169) 60,250 4,554 {4,554} (28,6311 84,099 (55,468) 2,500 (1,503) 997 29,955 {7,908} 22,047 25,000 {3,908) 21,092 14,951 22,651 (3,582) 19,1451 11,369 13.506 7,000 (3,4571 3,543 29,925 7.440 (28,513) 13,765) 1,412 3,675 15,000 (9.887) 5,113 1,983 14,684 8,807 585 7,275 817,595 631.847 498,235 192,677 Page 46
DYS Space Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Restrlcted funds are from the following sources: Turning Corners and Turning Corners 2 - Joint work with OPCC for young people at risk of gang involvetnent in South Hams. POCA North - Street based work for Identified groups of young people involved In ASB in Bamstaple I Bldeford Children In Need {CiN X-plore Okehampton) - Children in Need funding for Okehampton X-plore (LGBTQI group COVID Hardship Fund Teignbridge Thls project will primarily focus on 3 areas In T8ignbrldge, Newton abbot, Teignmouth and D8lsh. Although all young people will be welcome the bulk of advertising will be aimed at thosè who are in school years 7&8 in Sepl8mber 2021. Mid Devon PCN - Culm Valley - Provision of a youth worker for 12 hrs per week for soclal prescribing in tho Culm Valley Devon Muslc Educatlon Hub- Providing access to muslc In sessions l outdoor events In South Devon Exmouth Summer Programme- Support for trips, etc during summer holidays In Exmouth Pand&mlc Summer Fundlng - Varlous lin8s of support for Play in the Park sessions, street based work, sUPPOrt for community youth clubs lo re-engage with young people after the pandemlc and support communlly youth clubs strugglSng to survlve post pandemic WDDC- SummerActlvllle8- Support for 9 trips durlng the Summer In Okehampton Young Devon (Yéfj {Peer Researchers) - Research into CSE and ils impact on young people, by young people as a partner in a Young Devon led project Enterprfsa Development Fund - Market research, buslness development support from E¢onomSc D8V81opment Fund for a new tradlng atm for Space (ESS) SEND Oct 2021 Resldent181 Trtp- Fundlng for a SEND sIdential, initlally In O¢t 2021. Tcok Pla In Feb 2022. Funding left over to go towards 8 fijrther resldenilal later In 2022 COVID containment campaign (COMF 081- Marketing campaign to promote healthy, covid behaviour and support communlly youth clubs Northbrook Communlty Trust - Provlslon of a SEND youth club session in Tiverton for 3 years from April 2022 to March 2025 COVID Outdoor Spaces Contalnm8nl (COMF 09) - Provlslon of furniture l awnings I Ilghtlng l etc to expand the use of youth club spaces outside during'winter months lo help conlain covid COVED MUGA Containment (COMF 09) Refurbishment of the MUGA at Newton Abbot SWAN (Safety of Women at Night) - Safely of Wornen at Night r8search project DCC Fundlng - VOYC I SDP work- Funding to continue and grow VOYC and SDP work D¥S Space Limlted Y8ar ended 31 March 2023 Page 47
DYS Space Limited Notes to the Financial Statements for the Year Ended 31 March 2024 DCC (Economy & Skills Team) Ftying start- Entreprènu8rial and tech support for addltlonal project at 3 youth clubs In Devon over an 18 month period Donatlons - Donations for use al Bamslaple l Bideford youth clubs UK Year In Service - NCS - Dorset Youth NCS year In seNl¢e project as partner to Dorset Youth Outdoor Equipment {contract vaTiation) Contract variation to providè outdoor equipment to use in street based work l outdoor spaces at youth clubs Dalsl fundlng - Includes Peer Educators to work in youth clubs, fundlng for a young pèrson to shadow the provlslon of music in youth clubs, and X-plore {LGBTQ} half lerm activitie5 CIN Youth Investment Fund Children in Need funding lo provlde Èolar panels, Inltlally at Bamstaple and Bideford but onty supplied at Barnstaple due to survey of roof and time pressure issues at Bldeford ESS Wellness Boxe8- Wellnes5 boxes suppli8d to ESS sludents lo accompany wellness tralnlng CSP Summer Activitles - Tlverton - Support towards summer actlvilles in Tlverton aree UK Youth - Active Youth - Encourage young people to take up physical activlly for a p6riod of time and measure of sustained phy8lcal activity as a result Communlty Connectors - Social prescribing work in Exeter In collEboratlon wlth Wellbeing Exeter Centre of Youth Impact- Research work on the Impact of youth work SDP 20121- Street based youth work projects to support young people during lockdown and those at risk of gang Involvement DCF Social prescriblng (Community Connectors) Provislon of youth workers (1.8FTE) for soclal prescriblng In the Exeter area Other projeGts Comprises varlous short term projecls durlng the pertod such as promises Improvements, summer activities, centre resources, 1-2-1 work, muslc support et¢. AFCH Beacon Heath Youth Work - supportlng young people to usa the outdoor spa in Beacon Heath, be actlve and look after thelr wellbeing ASDA Empowering Local Communlt18s (Barnstaple) fundlng towards garden equlpment for Barnstaple youth centre ASDA Under 18's Bètter Start (Bldeford) - funding towards music equipment for Bideford youth centre DAISI - Muslc Equipment {Exmouthl - fundlng towards music equipmenl for Exmouth youth centre DCC Wlnter Support Grants addltional fijnding for communlty youth group8 to help with hlgh ulillly costs Digltal X-plore - funding towards an onllne X-plore group DYS spa Limited Year ended 31 March 2023 Exeter Clty Small Grants (100 Club Residential) fundlng towards a Residenti41 for Exeter youth centre young people Page 48
DYS Space Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Exeter Unlverslty Mental Health Podcasts - facllltate research into a number of topics and create podGasts of the leamlng for use for others working with young people Exmouth Rotsry Club - a donatlon towards the Exmouth youth ntre summ8r programme OPCC - ASB Youth Outreach - Peninsula wide outreach work wlth partner organisations over a 3 year pèrlc Otlery St Mary SLA - SLA for the provlsion of 2 nlghts per week and 80me targeted work wlth young people in Oltery St Mary POCA Newton Abbot - funding towards the summer programme for Newton Abbot youth centre Safe South West (Bideford) - funding towards resources, trips for young people in Bldeford Teignbridge & South Hams Police - Summer programmè - fundlng towards iesources, trips for young people in Newton Abbot Teignbrldge DC - Safer Spa¢8s, Safer Places - a partnershlp approach to educating young people about harmful sexual behaviours in the Teignbridge area UK Youth - Inspire Soclal Actlon funding to provlde Soclal Actlon Opportunie$ for young people In the south west, lo include partner organlsalions Waitrose - Give 8 Llttle Love - Resources fundlng for Summer fun days Wailrose Community Matters - HAF {Okehampton) - funding towards holiday activities and food In the holldays In Okehampton Wellness Programme- delfvery of a wellness programme to 17 secondary and 13 primary schoo15 In Devon Young Devon CYP In Reach Dlscharge Support - support for young people in hospital for longer term stays and in preparatlon for discharge in Exeter Page 49
DYS Space Limited Notes to the Flnancial Statements for the Year Ended 31 March 2024 19 Analysls of net assets between funds Unrostricted funds General Total funds at 31 March 2024 Pe[0 funds Tangible fixed assets Currenl assets Current liabllltles Penslon scheme118bility 13,390 1,060,488 (1,011,436> 13,390 1,060.488 (1,011,436) 262,000 314,442 252,000 252,000 Total net assets 62,442 Unrestrlcted funds General Total fund8 at 31 March 2023 Restricted fund8 Penslon fund6 Tangible fixed assets Current assets Current Ilabilitles Pension schame liability Total net assets 23,475 1,552,430 {1,005.520) 23,475 1,745,107 11,005,520) 144,000 619,062 192,677 144,000 144.000 570,385 192677 20 Rèlated party transactlons There We no relat9d party transaclsons In the year, Page 50