Company registration number.. 10229618 Charity registration number.. 1173430 DYS Space Limited (A company limited by guarantee) Annual Report and FlnancSal Statements for the Year Ended 31 March 2025 WESTCOTTS CHAR TEMED ACCOUNTANTS & BUSINESS ADVISERS DYS Space Limited Contents Reference and Administrative Details Trustees, Report 2to3 Independent Auditors, Report 17to20 Statement of Financial Activities 21 Balance Sheet 22 Statement of Cash Flows 23 Notes to the Financial Statements 24to41 DYS Space Limited Reference and Administrative Details Trustees Adam Winsor, appointed 1110612024 Peter Adey John Harrison, resigned 2010212025 Cecilia Kokubu Lara Rippon Katy Few-singh Oliver Lovell Andrew Otty, resigned 0110512025 Daniel Barton Susan Clarke, resigned 0510412024 Melanie Walker, resigned 0110812024 1173430 Charlty Reglstratlon Number Company Registratlon Number 10229618 The charity is incorporated in England and Wales. 100 Club Wear Barton Road Exeter EX2 7EH Reglstered Office Audltor Westcotts (SW) LLP Plym House 3 Longbridge Road Plymouth Marsh Mills Devon PL6 8LT Page 1 DYS Space Limited Trustees. Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors, report of the charitable company for the year ended 31 March 2025. Objectives and activities Public beneflt The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. statement of trustees, responslbllltles The trustees (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 Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply them consistently., observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements-, and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trLlStees are responsible for the maintenance and integrity of the corporate and financial Information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Disclosure of information to auditor Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware. Page 2 DYS Space Limited Trustees. Report The annual report was approved by the trustees of the charity on behalf by= IS and signed on its Daniel Barton Trustee Page 3 DYS Space Limited SPACE YOUTH SER VICES i.r) x) j Trustees Report and Financial Statements For the year ended 31 March 2025 SPACE Page 4 DYS Space Limited Introduction The rrustees are pleased to prese#tihelr annual tru8tees' reporttogether wlth the financlal statements of DYS Space Ltd (Space) foi the year ended 31 March 2025 which afe also prepared Ets meet the reouSremerrts for a dlrectois. reP￿t and financlal statement8 for CompanSes Act purpriseg_ The financlal staternents comply whh ihe CcNnpanles Act 2006, Ihe Memorandum and Artlcles of Association. and Accounling and Reportiny by Chartlles.. siaiement of Recommended P(actlce appllcable ro charhles pxeparlng ihelr financlal £iatements In accoid3nce wSth the FlThaThcial Reporing Slandard appllcable In the UK and Republlc of Ireland (FRS 102) (elfective January 2019)- Chair's Report Kate Few-singh After a peilod o(8lgnificafit chariges, In 2024125 Space consolldated, stsblllsed and prepared sl3fting, sepAces, 9ovefnance and lead￿shIp for a longer-ierm Improved financlal posltlon. l am proud ef our reslllenE Staff and ¥olunieef team who together cMtlnue tD focu8 on how we can best meet the needs ol young people In Devon and pull 10getlier resources skllls and experlence to contlnue io support and ehable young pejple tc• thilve and reach thelr full poientlal_ Deslte some key clianges In the slaffin9 structure our dedlcaled and passlonale 9taff team have Woiked tirelessfy to ensure we have contlnued to dellver quallty sesslons and servlces. Gur school In Dawllsh. Chances had achleved GOOD In thelr OFSTED Inspectlon and OUTSTANDING for Behavlour and attiiude whlch Is a phenomenal success and a credft 10 the dedlcaled slaff ieam and Govemors. 11 hasn't been an easy year, as wlthDLll a fully commlrted coThtract from Devon Couffiy Counc51. we have had longer teim financlal securlty io build and develop our s￿11CeS. Our finances have been managed veiy closely whlch has led io a surplus of £143,758 at theend ol the firtanclal yeai. kn addition, Ihe focus h8$ been on fully COSliftg wvlces. developlng new Income sireams and understandln9 funders. prloillles so ihat Space Is In thè best posaible posillon lo secure I￿Ule funding and stability In Ihe year ahead despiie the challenglrng ecortomlc and polizlcal backdiop_ Relailonshlps wlth lunders has contlnued to be a prlorlty and rhls ha£ led io cr)nilnued OPPDrtunllles. Page 5 DYS Space Limited l ani e￿remelY pioud 10 be Chair of Space Youth Services.11 Is an Inctedible cliaflty maklng a dlf(erence to maiiy youn9 people's lives. Thank you to everyone iyho has fui)ded, dtsnaled To supported SPACE Dvei Ihe12ST year_ You have all conlrlbuted lo glvin9 our ytsun9 people In Devon an oppoitunity to urilock theii potentlal and bè ihe besi ihey can be Thank you Kare CEO Repart Dali Bartoii 2024125 wag a year t•f $18bili1y arid iecoveiy alter a resiructure. ¥Ve spen1 tlme ieflecring on our servlces, ienning Our model ol dellveiy 8nO mlndfully appioachlng panners who could hèlp us In our mlsslon. l %Yould like io make a special menllon to Llsa Rutter, who suppoited my flfSI year as CEO wllh hohesly. Snie9fily and compassion.. she was insirumenlal yn the i&building ol a new SLT In our Ofganisation as we entered this period of Increased siablliTy. I s'iould also like to thank Paula McDonAell for her ouldance and expertise as Interlm Finance Mamagei. She allowed LJS to recover financlally and put measures In place wliich gave Iranspaiency 10, and built confidence In, Ouf Income straiegleg and budyet holders. Durlng our year of consolidaiion, we cohtlnued to bulld OUT evldence base an(i use the lived eKperienco of young peoplg lo advoc*e for ihe, suppDn Thpy Jieed. We Iiave deslgned new leèining expeiiences and exteiided Ihe serdhqs Sn whlch we operate. The rtee¢J for our work Is as 9reai as evei. Youiig people across Devon continue to expefience IncteaslThgly complex challei)ge*. I'n) so pleased io say that our115t ol suppor1ers Is yrowSng- It really feels as if youtli wtsrk lias found its place agaiii as a iecc>gnlsed and Valued proce68 In whlch young people can flourish. Our staff are iiKredlbly adaplive, fluld and alway5 place young peoplds needs at Ihe ceritse of theii declslofts- Iliey tslten sacrifice Ihelr own preferences for work patterns and localltles for exaniple. io ensure vde deliver Uie right ser¥Sces. at ihe rlght Elmes and in the rluht settiiigs. They are embraclng more arid rn0￿ innovatiye lechnology and USir)g a blend of preventative and responslve Inlervenlions ar the light lifftes arid in the rlglit settings. Unsurprlslngly, Our yO￿h centre ￿aff ale in ctsnstant communlcation v4rtli tur s1atiJlO¥y r.011eagues io manage rhe lThcreasing risks yourly people are taklhg and being Subje￿ed io. We are seeliig mole need to coniarn oui of huurs soclal woik teanis andloi pollce regarding MI￿$1￿9 or at rlsk younfj ppople and rnanaglng saleguardlng cOn￿rn8 on a dally basls. Page DYS Space Limited l am immertsely proud of 1he dlveise cor)tinuurn of support we offer yourtg people, prtsvioing vilal ilnTre and space as they Thavig￿e Iheir trangitlon lo independence and adulthood. We ale pleased to be able io celebrate and £lia￿ our achlEvemefiix. and our iole in Inakirig Devon a safer and frSendliei place for young people. Wliy we are iieeded In 2023. abour 1 In 5 children and young people aged 8 to 25 years had a probable menial disorder. This was 20.3% of 8 10 76 yeai olds, 23.3% of 17 To 19 year olds and 21.7% of 20 to 25 year oldz. (NHS Mental Health of Chlldren ar)d Young Peoplp In England 2023) Tl)ere was a 37% Increase In iecorded violertce agalftst women and glrls related crimès 2018119 to 2Q22123. n Is estlmated Ihat I ITh every 12 womeri wlll be a vlctlm of VAWG Èvery yeai {2 million victims) artd i in every 20 adults Sn Eng13nd and Wales will be perpetrators ol VAWG eve¢y year (2.3 milllon perpetrators) (The Natlonal Pollclng Sratement 2024 for Vlolence agalhst Wofftert and Glil8) Iii May 2024, Ihe nailonal secondary school attendanre rate stood at 91.2%, with perslslent absence rates over io% liiglier Ihan before the pandemlc. At ihal lime In rhe Soffih West and Devon gecondary school attend8nce was 1.3% woiseihan ihe nailDnal avetrage. (Education SoLrtI) West. May 2024) Top Devon Sssues for Young People as voted lor by over 3000 young people In Devon In Ihe 2024 Makè Your Mark Campalgn.. Menial Healrh Vaping Aflordable Actlvttles and OpportuhiEle$ Pollution Pieparatlon for adult Ilfe Txansport Dlscriminatic)n artd Bullylng Sch¢)ol Ilfe Pollce and Crlrne Dlverslty artd Incluslefi 40% young people reporE beirtg Ylctlm ol crime 32% young people admitto beSng perpetrators ol violeni crlme 7% of glrls aged 13-17 report experlenclng Éexual vlolence In the past year (Youlh Endowrnent Fund, Chlldren Vlolefice aiid VulneTabillty RepDrt 2024) Page 7 DYS Space Limited Our year in nunibers and stories Wè delivered 1505 open access sessions In our 9 youth centres we welcomed 2560 young people from across Devon We worked wlth young people 515treet based localions and prrJvided 11,000 hours of youth work provision across our SerVi￿9- thats 304 hours a dty. 85 professional youth wOrk￿S wer&employed and 68 volunteers oave over 2,200 hours of Iheir timeto young people We are gralelul to 41 young volunteers viho gave their tlrne to us over the year_ Young Volunteers complete training, delivered by yO￿h Workers. as part of their induction. Thls introduces them to youih work approaches forworklng wlth young peoplè, so it is not only beneficial for their role In the youth centre. bLrt also I￿kS great on their CV. particularly if they would like to pursue a career working with children or youThJ people. We directly supported over 7000 young peoplè In total and we are confident that our services irnpacled al least 3,000 mor@ wh￿ I was young@1 I was qui18 8nnoying and l used to Judge people. l also used to laugh at nasty things like less abled people. Bul now I'm a caring and kind person. That's because the yothh workers taught me a litlle bil about rights and wrongs, and they used to talk to me In a way that l understand. and help me see thlngs in a different way and put myself in other people's shoes. If rt wasn't for this yOLrth cenlfe then I Wijuldn't have been able to get my job as easily because a youlh worker has helped me wilte a CV and thls has made me more confident on being ￿le to get job and they helped me vlith practice intervlews. Because I now have a lob I can help my mum as weboth struggle with money sSnce my dad dled, butthe youth workers have l)elp8d me grieve and have alviays ensured l am not hungry. AFtogether this youth centre has niade me a much more mature person because of everything they have done for me and because of Ihls i arTI d Iiiurv Lonfident person gnd I can talk t oih&rs. my self esteem has raised. I've had more opportunitles and they have helped me to get and stay on the rlghl road In life. I'm very thankful for thls youth centre and for the youth workers for all of thelr help. 'Anonymous' YoLrth club has helped mè qultè a lol oyerthe years- I have been coming since I was 13 (l am now 16). my youth worker has 8UPPOrted me wtih relationshlps and everythin9 ieally. There is always Someone th￿e to talk to. If youlh club didn't exlst i'd be at the Skate park doing drnqs or doing Other things that I shouldn't. -￿alonYMous- The week belore I started chances. I ran away from school, stood on top of a cliff and threatened io lunip. It took the police 3 hours to talk me down. My life was horriblo, I didn't know what to do or whwe to ttirn My hDyfriend beal me up. my family didnt want anything to do with me and my friends betrayed me. Chances changed niy life for the betler, they listened and helped me. I'm now back 8t horne. my life Is saler and I'm happy. I'm able to talk to people and believe they want to help me. I tan trust and I'm willing to accept help_'Ahonymous" Page 8 DYS Space Limited The biggest change since I have been coming to the youth centre is that I know now that I have peopl? tliat I can talk too and Ih31 viill help me. The firstlime I came here I was an angry. rude person who wouldn't talk lo people but Dow that I have been corning more often I feel like I cén deal wtth my problems and that the youth team would help aÈ much as they c2n.11hink If I dldn't start comlng to the youih centre I would still bethat iude angry person I was back1hen. Recenlly I found myselrf homeless and no other solirtions that were available to me, but when I turned up with my surttrase al the youth centre I got the support I needed Irom the youth centre to find accommodation "AnonymDus" We have found the Impact of our SPACE Education Support Service l-l youlh intervention sessions probably the single mogt impacttul element of our efforts to ieduee suspensions. the niajority ol which are among our most vulnerable sludents. I joined this Communlty School in Sept 2022 as Dep(ty Headteacher with the iespor)slbillly of turning the Ihen exlrernely poor and vnsafe school Cuttu￿ and environment 8iound. I knew that ralsing behavioural expectations significantly aThd pidly would require some targeted support Df the more disadvantaged and vulnerable students to scaffold tliern to meet these ralsed expectations. a result of our partnershlp with you Dur suspenslon rate has dropped by 48% from Ihen lo now. During the same period. across the resl ol the counlry, and across Devon11 has been rising. I genuinely believe that this would not have been possible without the engagement and support of your mentors working with our 1argeted young people., Deputy H4ad Teacher A Continuum of Youth Services Hloh qLFallty yOLrth work Is life changlng. It Is deslgnwj to dlsplay soclety's beSlef ihat young people matter. That they belong. Good yDLrth work helps young peDple feèl connected to their communities and therefore resillent to the ups and downs ol life. We know that y<)ung people's vulnerabillties are increased when they arè excluded from educalion. locatlons in their Communitles and lamily networks. These are push, factors that can drlve them into contact with, and find solace in, pred8tcYy groups and situations,. raising thelr level of iisk. YoLrth Work acts as a counlerffleasure to these'push factors.. we"pull' them Into a place of safety and many young people tell us we are tlie only ones in Iheir lives that they trust and canlalkto. Young people are unlque and don't fespDnd well to being 'pigeu) holed,, Iwgeted, or classed as vulnerable. Space Youth Services belleves in the innate ablltty for all young people to navigale their tiansition lo adulUiood if given the right support when needed. Open, oducational, preventative Youth Work. This Is what many see as the heart of youth work It Is voluntary, Informal. and relationshitFbased. Young people engage on thelr own terrns. Thè agenda Is negotiated, and the work unfolds through trust. conversation, and mutual respect using curriculum tools for education, multiple toplcs are dlscussed and tiusted relationships are key. Youth work In this niode Is often grourbded in principles of social justice. particlpation. ar)d personal development with informal education at Its core. You'll find it in youth centres. on the streels. onlirte and in creatiye community-led spaces.ln Ihese setting. due to the nature and deslgn of the seryices provided you will find a high proportiC*n of complex needs being addre5sed- Ihe demographic for'open or preventative youih work. is sti51 p￿domina￿tIY made up of young people who h8ve proterted charaderistiC5. generational relative poverty and high levels c>f adverse life wents. including domestlc vlolence. unemployment. alcohol and drug use. An open door. not a referral form. Page 9 DYS Space Limited Needs Led & Yesponxlve Youth Work. In this mode, yfJLrth work aligns with pDlicy agendas arbd seroice delivery. It focuses more on'at risk young people- whether that's In relation to school exdusion. youth violence. drug misuse, or being NE￿ (Not in Education, Employment or Tralnlng). M's still yOLrth work. Relattonships matter but partlcipation Is Ilmtted to those who frt certain crTteria, and outcome5 are often predefined-lhings Ilke attendance. reduction in oftendlng, or increased engagefflent wtth education. Young people begin to recognise that you'have an agenda, and at tlme8 disengage further if not carried out with gieat skill. Uslng our platform of Informal and prevenlive seNlces Iyouth Centr&5, onlln&, stroetbased elc) we are able te navigate betsveen these two approathes with ease, relationships first. Our Impact Report highlights the breadth of services we deliver and we hr)pe you find Ihe time to read ￿. Looking forward to 2025126 People The cost of living rises, reduction In lundlng and subsequent restructure over the past couple of years led lo a signrficant reduction In stsffing. Investmeiit In development and a need for colleagues to be stretched. Wliile rebuilding the leadership structUTe ol Space. the recent Increase in NIC has necessitatd ihe reinoval of some posts, providino opportunities for colleagues to step Into new roles as the leadership of the organisation is ienewed. * We will attract, fetain and develop exceptional people and iiicrease tlie diversity of Olir viorkforce to Ineet tlie needs of our diverse coinimliiiltles In order to ensure young people can bulld rela￿onShIpS with trusted adults 1hal shar&thelr lived experieThce andlor protected chardcleristics we hope to increase the level of div8rsity In our orgar)isation. We want trj invest more in staff development than we have over Ihe past few years. and explore opportunltie5 for level 3 and 6 apprenticèships. alongsidè our usual In-house tralnlng to ensure our slaff are skilled and able to respond to the changing rEeds of young people. Space is a Public Sector Muiual and as such wanl to Involvè slaff In 8$ rnany meanlngful dlscusslons as Is pracllcal aboLrt the future of our organlsatlon. IYS important for LSS to contlnue our commltment to g(aff engagemerrt. Service Delivery Space uses a Youth Work Approach to deliver a varied and blended suite of Interventions with young people. Page 10 DYS Space Limited We offer m￿tiple enty points for young pe￿Ie. all deslgnedtu enc(NJrageengagementfirst and foremosL We 81multaneou8ly Isdaticffl and witlKlr2*Y81 from society. and re¥ond to specific neds and Ilfe even Our wlde range of 9ervice8 has led to gjme difficulty In artlculakng the impaL*of each particukr touch pointthroughout ourvarlous pathwayg to supwrt. * We wlll Improye our evldenc8 ba8e, uslng lfved experience a￿1 impact measuremant to relnforceour position as expert¥ in youkh engagement Our ￿1g)￿S as a Local Authority Youth Serrflce Is 8 80urce of wkje and provldes Wl opporhjnity for us to usewr legacyto support a relwlldlng of the youth seLtor. We do however need to evolve Into a more Indepe¥KknI and needs-led service, * We vlll secureour foundatlotd. preventative, 8ervlce8to better pl&ed to re8por*d to the ever changlng need8 of young people. utlllslng both trad￿1(￿1 and innovative methods. * We wlll contlnuwsly rwlew the needs of young peop18to enwre we ￿ dellverlng the rlght seNlces. In Ihe rlght way. In the Tkjht settlngs Financos & sustainability Recent events. Indudlng thecosl of Imng rlses. the lfft In NIC andthe decade long r&du¢tl( Inveytmefrt In young people arKI yothh work create an Inueaskngly thallenglng fin￿￿31 envlronrnent In vthlth to grow. Our Income 18 8tlll significanty dependent on loc31 authorlty f￿￿[n9. 8lTrJ chsrlile8 Ilke OLn are bekvJ $QL￿Zed from both ènd4 wFth fundl opportuntbes re(kred each year. Ihe UKS wealthi8Stcollecu￿droPpedthelrdonatlons ty£200 mlllion last r.tll" rwpthvate glvlTrg from the ￿sE1Q0 hag dropFedleavJng estrmated£764 n*ll1￿ kn10gt ch&vltable contnbutionstl""and I83t￿&r, tlx number olnon.Gov6Ynment grnnts fellto Just a￿37.1]00. doml fr(1￿ IOQQOOln 2023131 * We wlll dIVe￿Ify ow Income channels and stakeholdersto orow our reseFves posltlon and allow for finandal suslalnabllKy and Imieslment in yowg peq)le In the years to come Governance & buslness support W8 arg 8tlll relattvdy yo￿9 as a charlty. There are multfple aroa8 of potonlEal Impro¥emgrrt In how we aN￿ch our'business a8 usuaf artd embrace ways of Wofkingto ￿ve usthe Page 11 DYS Space Limited clpabllttyto deliver on emergent prhvibeg and ad-h[￿ taRks. ConliNMty planning ft)r rd8 and well Ik)cwnented aNI shared prO￿988S and W0￿10w8 wlll help to Improve o LY>n91BteThcy, efficlency artd agllfty, * We will secufe congiSt8ncy in aEyroach. common standards and 8fficloncy In carylng out our Ixjre IWSIn￿ as ￿8￿81 * We wlll enable successful developmental ar￿'chang￿ prolects wherothey are needed * We wll ajree and produce a key set of manwjement Infcffiiattonto support effectlve governance ovwslghL opeFational pwres84Rcking Infme We have rehe¥sed Yawicrtjs scwarwyd for redudng services if n￿saY. A scheme of woth Is In pl8ceto index gnd reLurd ¢111 ¥l¢ll Idaid oper¢iting procedures 8nd pr¢?￿se£ to reTr￿ve empFwsls on Per%￿￿ knowledge a￿1 approach Govemance& Compliance Sorne kwwledge gaps due to staff tLrr)c•M ￿￿[d lead to nfu8to Page 12 DYS Space Limited Extemal Political & LI strategic direction Maintaln good relatlonships with elected members, MPS and Commlssi¢ners. Continue to l)ave a presence at key strategic boards and forums. Funding breakdown A thank you to all our funders. partners and supporters We w8nttothank our 8upport8rs. donor8. NDluntwr$ gnd thèccffimunltles we ser BeL3uge of y(Ju. we are ableto makg an Impact on >Dung Ilve8 In D￿On. Bwnstaple in Bloom- Prov181on fN garden rede81gn ar￿ upkeep at the Trew Georgle'g Youth BwnstapEe Town CoLncII- ContrlbLrtton toward8 &mmer proor8mme BBC (Xdldren ITr Ne￿J- Orant gUFVOrt for X-plorn segslons 'deford Brldge Twsl-To support Young Voluntsw devel(yneTrt kn Bldeford Bldeford Methodlst Churth. DonalM lo Bkkfud Youth C* from Coffee MombwJ Event CoBeng Instllute. &Jpwt feA ch￿Co9 Sthool Culm Valley PCN- ProvJ8ton of a wcthr for 80cial pr8Bcrlblng in the Cdm Valvy Davld and Charle9 Pub118hing- Donalknn to The Hfve after ch003tno Space as Charity of the Monlh Dawll8h Water Rotary club.￿ppOrt forChance9 Sthool Devon aml Com¥wdll Poltce- Intsr¥eTrllon b¥ork In North Devon D￿On Communlty Foundatlon- FurNj1r￿ kn &noklng Ce28atlgn proleLt aml tU4¥ardg work at Thiwton YoLth Centr8 Devon Communltlo8 Toge￿r- FuTrdlrvJ to cr88t8dl￿tsl cas& st￿ aThJ mentsl heallh p(JdLxats Devon County Counc51- v￿al corrtrlbutlon enabllng U8 lo delfverrn￿h of our work acro99 the Org￿ls￿lI0n on's T¢w AitracUong- Dona1k]n of thlden Tlcket for ￿n9 Raffle D￿n Wlldltfe TNst-Pdrtn8rshlp f(r Plne Marttn Conservallrth proJ* tmtDlvlng spac8'8 YoLry Pe4Tr]e Page 13 DYS Space Limited Exeter Cty Councll- Contritthon from Housiry Inltia1ives t￿MtoWardS 100 Club Open Day Exeter CoMega- Dthry of new campus based pilot progrdmme FxrnDulh Rotary Club. Contribution to &Jmmer Programme Exeter Young Men's Ckfft8tlan Assoclafjon (YMCA)- comm18s1on￿ the bulldiw of a Dlsrord Exe Valley Rolary Clth. To ena)le reco4*rfng of 8 pool labie and W1￿M￿￿OI the alr h[￿ t&18 atTlverton Youth Centre Fathngdon Hou58 Sthool Charttable TNst- ￿pport for Thi*)D's SEND Se8slcrfL the Hang Healhco8tSocial Club- Donalon to Tlverton Youth c￿re Ketloggs- Bfeala8t Ckjb grant Lord Cltrrton Charitable Trust- &pporttowards Ihank-you event for ouryoung volunte8r8 Nellgan9 Flnance Ltd- Reoular donatton tovrdfdg cor8w Nomi￿ Famlly Ch¥llable T￿￿. gJr(rner programme Northbrcx)k C(NI￿￿lty Trust- PrOvts1￿ of SEND >vuth club 8e8glon In Tlverton Devon a￿1 COM￿11 Polk%- Vltsl fundkng lowaTds ￿t￿50ClaI beha¥loLr rthtion and givin young people ac(*s to hl9h quallty yOLrth work Okehamplon Unlted Charrt(eB- gjpport for work In Okehanwtsn area Ottery St Mary Town co￿￿1. Servlce Level Agreement (stA) fortho pr￿SlI)n of 2 weekly 888slons and 8ometsnJeted work wllh young peopk ID 0tt8ry Sl Mary Safer Dw8Tr partr￿￿hIP- Fund￿ for SPAE8 Not My SenlerKe progrdmme ScTr*4fLK Foundation- Qfantto enable PaI￿n9 and thoTaling of recWtI￿ p)ol al the100Cknb SeaMc￿￿ Lotto. Regular donatlon9 frun eath lotterytlcketbought by those pws¢)nswho havechosen to support Spac& Sedel Colllngs FO￿datIOn- ￿ndIng to enable creatbn of Bu8lne88 Developmurt and Fundrdlslng Lead post Sov*gn Netwo￿ Group- Grwkl for new slreek-baged work st Jwn88 Pl￿ Fo￿￿8t10n- Suppwt Exm￿rthft SEND se88k)n. Block a TeS9Th Fh)u8lng- C￿lI11x[bo￿tOWardS SiThmer Programme Tebgnlxldge Dlslrfct CrAJncll. Contrtbutsn tow¥dg Sunmer Pro9r8rnme Page 14 DYS Space Limited Te8co- Sfant for Exm￿S SEND Black Club through the Stronger Starts progrdmme The Na￿onal Tru8t- Provldlng snowdrop$trJ b,èplanted bythe yO￿g of Bldeford youlh C￿tre Thierton Town cwncll-Suw￿tfOrthe Hangout SEND Se8slon$ In Therton Totres Freema80ns- ContrlbuliDn towards SLThmer actlvlties Tofnes Town Coundl- ContrlbutloTr towardg Summèr aclSvltle5 The Hafgreeves RAmdation- Grdntto SLPPOrt the work of CFi4NCES school The Office of the Pollce and Crlme Commissioner (OFCC) for Cornwall and the Isle8 of &llty- Assertlve Oulreach F*ogramm& P￿InSula wide outreach work wth partn oraanlsatlons West Dwon Dlstrlct CtxmciI- ￿p￿rtfor Young V￿￿tee YOLVW Devon-Toward8 varlou8 partnw8hW prqacts dthankyou to al the eake bakers. rdffletlcket buyers sponsoredeveThters. Indlvidual donors and local bUsI￿9$e6 who bellw• In yo￿9 people and ug to th whal we drL You are maklng a dlfferencel. Financial Review Going concern The Board has carefulty revtewedthe cAJrrentllrbanclal health and operdttonal 8tandlng of DYS Space. cuKludingthat the ￿ganISalk)fiI3 in a rotrABt and stsble p0811kn1. Th19 a8Sa98ment [8 largety attrlbuled lo a $￿ceSsful recent restructLfe. For the fisca ye￿luSt ended. DYS Space a¢￿e¥ed a notsble $wplus. atsgtsmentto effectfvp financlal manage￿￿11 and slraieglc operallonal ajjustrnents. FWlherTr￿re. proiecUon8 f￿the cajrrent fiscal >Ear IrKllcate that the Orga￿sat[onI3 ontrKkto achlvrfe another 8Lrplus, relnforclna strong finandal trajeLtory. In light of thege wsttive Indkcators. DYS space C•JnfideTrtly asserts It8 Stat￿ a9 a golng COTrL*rn forthe for&8eeable future. Th8 Indudes a rnlnim￿n perlTrJ of 12 month8 followlng the Dfficlal slgnlng ofthe ￿￿nts the￿ ended 31 March 202& Reserves positlon Our pollLy for Ix)IithrvJ reserve5 tatey into acc(xM]t both AcrAJuntlng wid Reportlng by Charitbas: StatwieTht of Recommend￿ Pracuce (FRS 1ff2) and the guidance issL￿d bythe (*arttTres Commi88N)n in CCIg.' Charty ReseNes: Buldlrsg Ros[liwr￿. Page 15 DYS Space Limited DYS spa￿ FKJkls resefveg in orderto.. Set as1defL¥￿5 fw S￿1￿C PLwpDsesto fLwtherthe ￿le￿prnent of the org￿l$al0ft • Prg)arefor any unfc*e8een Ilabtsltfeswhlch mw occur in the future Ensure we have resepM to meetthe Board'g Teserveg policy Our current Reserveg Pdicy stipulate8 that we need to reach an unTe8trkt￿ re8eNe tsryet of 25% of O￿lL￿0ver. Unre8lricl&l Reserves at 31st March 2￿25 awe £187.104 (8e8 Summary of fLnd8table) Our Re8erve8 are held laroely in debtoiB and ca8h with only £6.3& of unrestricted reser bekng represented by t￿gible asget8. The Re88Ne8 held al year￿d 8Mount&g to £277200 (202&. 61442) Theyear end posltlon ha8 contthut8d to a po8lilYe 9rowlh In resep488 although we sljll need to growour resem8 lo be In line our res￿e$ pollcy and Chwity Commi881on requlremerrt8 before we to draw down our re9erYeg to contr#Jute to atrateglc objectlves. RESERVES AS AT 31 MARCH 2025 2024 Unreslricted Funds £187,104 £ 90.096 £2772(Ml £ 62,442 Re9tr1rt￿ RJnd8 TOTAL £6W2 ASSETS 2025 2024 Tanuit￿e FI￿1 Agsets Cash and cash equivalent8 Other N8tCLrrent Llabltttles SA32 E 13￿90 £1,265JJ28 £1,060A88 £ 998,160 £ 2772Crf £1￿11￿6 TOTAL £ 6Z442 Summary of Funds FUNDS ASAT 31 MARCH 2025 2024 unrestn.ctad FuDds £187,104 £61442 Rvytrivl￿l Fuid¥ E 90,090 TOT￿ FUNDS £ 2TI.200 £ ￿442 Page 16 DYS Space Limited Independent Auditor's Report to the Members of DYS Space Limited Opinion We have audited the financial statements of DYS Space Limited (the 'charity') for the year ended 31 March 2025, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows, and Notes to the Financial 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 Ireland, and applicable law (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perform8d, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least ￿e1ve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditorfs report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Page 17 DYS Space Limited Independent Auditor's Report to the Members of DYS Space Limited In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material incon51Stencies or apparent material misstatements, we are required to detemine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinion on other matter prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Report for the financial year for which the financial statements are prepared is consistent with the financial statements-, and the Trustees, Report has been prepared in accordance with applicable legal requirements. Matters on which we aro requlred to report by exception In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and retums., or certain disr.InsiJrft.s of trustees remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit. Responslbllltles of trustees As explained more fully in the Statement of trustees, responsibilities (set out on page 2}, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unleJa thc truotcco Clther intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Auditor responsibilities tor the audit of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditoff s report that includes our opinion. Reasonable assuran￿ is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Page 18 DYS Space Limited Independent Auditor's Report to the Members of DYS Space Limited The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below". We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience and through discussion with the directors and other management. We communicated identified laws and regulations throughout our team, and remained alert to any indications of non-compliance throughout the audit. The company is subject to laws and regulations that govern the preparation of the financial statements, including financial reporting legislation, and other companies legislation. The company is also subject to other laws and regulations where the consequences of non-compliance could have a material impact on the amounts or disclosures within the financial statements, including employment, anti-bribery, anti-money laundering and certain aspects of companies legislation. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. In any audit, there remains a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintsin professional scepticism throughout the audit. we also.. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. Conclude on the appropriateness of the directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going oncern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to wntinue as a going concern. Evaluate the overall presentation, Structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with g0Veman￿ regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control. Page 19 DYS Space Limited Independent Auditor's Report to the Members of DYS Space Limited A ftjrther description of our responsibilities is available on the Financial Reporting Council's website at- www.frc.org uk12uditorsresponsibilities. This description forms part of our auditorfs report. Use of our report This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed. Adam Croney ACA (Senior Statutory Auditor) ror and on behalf of Westcotts (SW) LLP, Ststutory Auditor Plym House 3 Longbridge Road Plymouth Marsh Mills Devon PL6 8LT Date.. Page 20 DYS Space Limited statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricled Restricted funds funds Pension funds Total 2025 Total 2024 Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income 24,449 2,637,521 488,514 7,472 24,449 2,772,772 488,514 7,472 3,534 2,557,670 501,679 8,464 135,251 Total income 3,157,956 135,251 3,293,207 3,071,347 Expendlture on: Raising funds Charitable activities (9,016) 3,024,278) 19,016) 3,140,433 {9,002} 3,768,965 (45,155 71,000 Total expenditure 3,033,294) 45,155 {71,000 3,149,449 3,777,967 Net incomel(expenditurel other recognised gains and losses Actuarial gains on defined benefit pension schemes 124,662 90,096 <71 ,000) 143,758 (706,6201 71,000 71,000 150,000 Net movement in funds 124,662 90,096 214,758 (556,620) Reconciliation of funds Total funds brought forward 62,442 62,442 619,062 Total funds carried fomard 17 187,104 90,096 277,20Q 62,442 All of the charity's activities derive from continuing operations during the above periods, The funds breakdown for 2Q24 is shown in note 17. The notes on pages 24 to 41 form an integral part of these financial statements. Page 21 DYS Space Limited (Registration number: 10229618) Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible assets 13 5,332 13,390 Current assets Debtors Cash at bank and in hand 14 831,246 433,782 1,265,028 800,725 259,763 1,060,488 (1,011,436) 49,052 Credltors: Amounts falling due within one year 15 (993,160) Net current assets 271,868 Net assets Including pension liability Funds of the charlty: Restrlcted Income funds Restricted funds 277,200 62,442 90,096 Unrestricted Income funds Unrestricted funds 187,104 62,442 Total funds 17 277,200 62,442 The financial statements on pages 21 to 41 were approved by the trustee5, and authorised for issue on £71.iJ.l.ts.. and signed on their behalf by: Daniel Barton Trustee The notes on pages 24 to 41 form an integral part of these financial statements. Page 22 DYS Space Limited Statement of Cash Flows for the Year Ended 31 March 2025 2025 2024 Note Cash flows from operating activities Net cash incomel(expenditure) 143,758 (706,620) Adjustments to cash flows from non-cash Items Depreciation Investment income Net defined benefit pension costs 8,058 (7,472) 71,000 215,344 14,359 (8,464) 6,000 {694,725) Working capital adjustments {Increase)Idecrease in debtors (Decreasellincrease in Creditors Net cash flows from operating activities Cash flows from investing actlvltles Interest receivable and similar income Purchase of tangible fixed assets Net cash flows from investing activities Net increasel(decrease} in cash and cash equivalents Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March 14 15 (30,521) (18,276) 149,705 5,916 166,547 1539,104) 7,472 8,464 4,274 13 7,472 4,190 174,019 (534,914) 794,677 259,763 433,782 259,763 All of the cash flows are derived from continulng operations during the above periods. The notes on pages 24 to 41 form an integral part of these financial statements. Page 23 DYS Space Limited Notes to the Financial Statsments for the Year Ended 31 March 2025 1 Charity status The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is- 100 Club Wear Barton Road Exeter EX2 7EH 2 Accountlng pollcles Summary of slgnificant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice (applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)) (issued in October 2019) - (Charities SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 and the Companies Act 2006. Basis of preparation DYS Space Limited meets the definition of a public benefit entity under FRS 102. Assets and liabililies are initially recognised at historical cost or transaclion value unless otherwise slated in the relevant accounting policy notes. Going concern The trustees consider that there are no material Un￿rtaIntieS about the Charity's ability to continue as a going concem nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Page 24 DYS Space Limited Notes to the Financial Statsments for the Year Ended 31 March 2025 Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference be￿een the proceeds, net of transaction costs. and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least ￿e1ve months after the reporting date. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is reslricted to that area or purpose. Page 27 DYS Space Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Pensions and other post retirement obligations Retirement benefits to employees of the Charity are provided by the Teachers, Pension Scheme ('TPS') and the Local Govemment Pension Scheme ('LGPS'). These are defined benefit schemes and the assets are held separately from those of the Charity. TPT provide a defined contribution scheme for non-teaching staff and those not eligible for the LGPS. The TPS is an unfunded scheme and contributions are calculated so as to spread the cost 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 pensionable payroll. The contributions are determined by the Government Actuary on the basis of quadrennial valuations using a prospective unit credit method. As stated in the notes to the financial statements, the TPS is a multi-employer scheme and there Is insufficient information available to use defined benefit accounting. The TPS is therefore treated as a defined contribution scheme for accounting purposes and the contributions recognised in the period to which they relate. The LGPS is a funded scheme and the assets are held separately from those of the Charity in separate trustee administered funds. Pension scheme assets are measured at fair value and liabilities are measured on an actuarial basis using the projected unit credit method and discounted at a rate equivalent to the current rate of return on a high quality corporate bond of equivalent term and currency to the liabilities. The actuarial valuations are obtained at least triennially and are updated at each balance sheet date. The amounts charged to operating surplus are the current service costs and the costs of scheme introductions, benefit changes, settlements and curtailments. They are included as part of staff costs as incurred. Net interest on the net defined benefit liabilitylasset is also recognised in the Statement of Financial Activities and comprises the interest cost on the defined benefit obligation and interest income on the scheme assets, calculated by multiplying the fair value of the scheme assets at the beginning of the period by the rate used to discount the benefit obligations. The difference between the interest income on the scheme assets and the actual return on the scheme assets is recognised in other recognised gains and losses. Actuarial gains and losses are recognised immediately in other recognised gains and losses. 3 Income from donations and legacifrs Unrestricted funds General Total 2025 Donations 24,449 24,449 24,449 Unrestricted funds General Total 2024 Donations 3,534 3,534 3,534 3,534 Page 28 DYS Space Limited Notes to the Financial Statements for the Year Ended 31 March 2025 4 Incorne from charitable activities Unrestricted funds General Restricted funds Total 2025 Project Income Trip income Duke of Edinburgh DC Core Contract income 482,136 13,863 21,933 2,119,589 2,637,521 135,251 617,387 13,863 21,933 2,119,589 2,772,772 135,251 Unrestricted funds General Restricted funds Total 2024 Project Income Tuming corners AYCH Income Trip income Duke of Edinburgh DC Core Contract income 83,929 466,226 13,090 {5,292) 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 5 Income from other tradlng actlvitles Unrestrlcted funds General Total 2025 Total 2024 Tuck shop income Chances income Educational SeNices Support IESS) Lettings income Other trading income 7,806 301,174 116,555 62,979 7,806 301,174 116,555 62,979 7,680 293,039 127,362 63,852 9,746 501,679 488,514 488,514 6 Investment Income Unrestricted funds General Total 2025 Total 2024 Interest receivable on bank deposits 7,472 7,472 8,464 Page 29 DYS Space Limited Notes to the Financial Ststements for the Year Ended 31 March 2025 7 Expenditure on raising funds Unrestricted funds General Total 202S Total 2024 Duke of Edinburgh Tuck shop purchases 3,661 5,355 3,661 5,355 4,044 4,958 9,016 9,016 9,002 8 Expendlture on charltable actlvltles Total 2025 Total 2024 Note Wages and salaries Social security costs Pension costs Support to VCS providers Trustees fees Recruitment Staff training Project specific expenditure Hub expenses Grant specific expenditure Transport and fuel Marketing and fundraising Small grant fund AYCH expenditure Sundry expenses Irrecoverable VAT Rent Rates Light, heat and power Insurance Repairs and maintenance Cleaning Building repairs Pension bond Phone and internet Computer So￿are and Maintenan￿ costs 1,915,236 157,988 275,116 36,118 176 5,406 15,893 156,312 7,027 1,626 34,663 4,044 86,011 2,426,692 197,570 238,734 39,433 105 10,329 16,764 168,379 15,117 3,155 39,360 5.352 89,295 13,942 13,080 5,691 35,118 9,767 99,471 20,156 64,097 95,290 11,753 23,403 26,236 25,827 3,793 5,000 32,693 7,159 75,762 30,543 19,472 101,052 12,300 19,766 21,206 34,594 Page 30 DYS Space Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Total 2025 Total 2024 Note Printing, postage and stationery Accountancy fees Legal and professional fees Bank charges Depreciation 3,858 18,628 49,952 981 8,058 8,565 20,963 29,985 967 14,369 13 3,140,433 3,768,965 Unrestricted funds General Restrlcted funds Pension funds Total funds Total for 2025 3,024,278 45,155 71,000 3,140,433 Totsl for 2024 3,096,264 666,701 6,000 3,768,965 9 Net Incomingloutgoing resources Net incomingl{outgoing) resources for the year include: 2025 2024 Audit fees other non-audit seNices Depreciation of fixed assets 10,290 4,410 8,058 9,750 4,250 14,359 10 Trustees remuneratlon and expenses £332 (2024.. £258) was reimbursed to trustees for transport expenses in the period. The value of Trustee's remuneration and other benefits was as follows.. Cecilia Kokobu (Staff Trustee).. Remuneration £25,000 - £30,00012024: £25,000 - £30,000) Employer's pension contributions.. £5,000 - £10,000 (2024= £0 - £5,000) Daniel Barton (Staff Trustee).. Remuneration £60,000 - £65,00012024.' £15,000 - £20,000) Employerfs pension contributions £5,000 - £10,000 (2024.. £0 £5,000) Adam Winsor (Staff Trustee).. Remuneration.. £30,000 - £35,00012024: Not a trustee) Employerfs pension contributions.. £0 {2024.. Not a trustee) For Adam Winsor, this comes in part from his salary that he had for his previous role within the Charity which has continued since becoming a trustee. Page 31 DYS Space Limited Notes to the Financial Statements for the Year Ended 31 March 2025 11 Staff costs The aggregate payroll costs were as follows.. 2025 2024 Staff costs during the year were: Wages and salaries Social security costs Pension costs 1,915,236 157,988 275,116 2,348,340 2,426,692 197,570 238,734 2,862,996 The monthly average number of persons (including senior management I leadershlp team) employed by the charity during the year was as follows: 2025 No 2024 No 80 Total The number of employees whose emoluments fell within the following bands was.. 2025 No 2024 No £60,001- £70,000 £70,001- £80,000 The total employee benefits of the key management personnel of the charity were £142,472 {2024 - £164,736). 12 Taxation The charity is a registered charity and is therefore exempt from tsxation. Page 32 DYS Space Limited Notes to the Financial Statements for the Year Ended 31 March 2025 13 Tangible fixed assets Fixtures and fittings Office equipment Total Cost At 1 April 2024 Transfers 8,289 (4,270) 76,105 4,270 84,394 At 31 March 2025 4,019 80,375 84,394 Depreciation At 1 April 2024 Charge for the year 1,150 780 69,854 7,278 71,004 8,058 At 31 March 2025 1,930 77,132 79,062 Net book value At 31 March 2025 2,089 3,243 5,332 At 31 March 2024 7,139 6,251 13,390 14 Debtors 2025 2024 Trade debtors Prepayments other debtors 741,959 37,789 51,498 831,246 739,943 30,492 30,290 800,725 15 Creditors: amounts falling due within one year 2025 2024 Trade creditors other taxation and social security Other creditors Accruals and deferred income 93,970 174,723 35 724,432 993,160 79,961 199,510 731,965 1,011,436 Page 33 DYS Space Limited Notes to the Financial Statements for the Year Ended 31 March 2025 16 Pension and other schemes The Charities employees belong to principal pension schemes.. the Teachers, Pension Scheme England and Wales (TPS) for academic and related staff,. and the Local Government Pension Scheme (LGPS) for non-teaching staff, which is managed by Devon County Council. Both are multi- employer defined benefit schemes. The Charities non-teaching staff, not subject to the TUPE arrangements also contribute to The Pension Trust scheme under auto-enrolment rules. This is a defined contribution scheme. Contributions amounting to £22,200 were payable to the schemes at 31 March 2025 and are included within creditors. Page 34 DYS Space Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Teachers, Pension Scheme Introduction The Teachers, Pension Scheme (TPS) is a statutory, contributory, defined benefit scheme, governed by the Teachers, Pensions Regulations 2014. The TPS is an unfunded scheme and members contribute on a 'pay as you go, basis these contributions along with those made by employers are credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament. Valuation of the Teachers, Pension Scheme The Government Actuary, using normal actuarial principles, conducts a formal actuarial review of the TPS in accordance with the Public Service Pensions (Valuations and Employer Cost Cap) Directions 2014 published by HM Treasury. The aim of the review is to specify the level of future contributions. Actuarial scheme valuations are dependent on assumptions about the value of future costs, design of benefits and many other factors. The latest actuarial valuation of the TPS was carried out as at 31 March 2020 and in accordance with the Public Service Pensions (Valuations and Employer Cost Capl Directions 2014. The valuation report was published by the Department for Education on 26 October 2023. The key elements of the valuation and subsequent consultation are.. employer contribution rates set at 28.6 % of pensionable pay (this includes an additional 0.8 % following agreement be￿een the Departmenl for Education and HM Treasury to delay the increase in employer contribution rates until 1 September 2019, and also includes a 0.08% employer administration charge) total scheme liabilities (pensions currently in payment and the estimated cost of future benefits) for service to the effective date of £262 million, and notional assets (estimated future contributions together with the notional investments held at the valuation date) of £222 million giving a notional past seNice deficit of £39. 8 million the assumed real rate of return is 2.8 % in excess of prices and 2 % in excess of earnings. The rate of real earnings growth is assumed to be 2.2D/o. The assumed nominal rate of return is 4.86 % . The TPS valuation for 2019 determined an employer rate of 23.60/0, which was payable from September 2019. The latest valuation of the TPS is as at March 2020, whereupon the employer contribution rate has increased as per above and was payable from 1 April 201 g. The employer's pension costs paid to TPS in the period amounted to £40,114. A copy of the valuation report and supporting documentation is on the Teachers, Pensions website. Under the definitions set out in Financial Reporting Standard 102 {FRS 102), the TPS is a multi- employer pension Scheme. The charity has accounted for its contributions to the scheme as if it were a defined contribution scheme. The Charity has set out above the information available on the scheme. Page 35 DYS Space Limited Notes to the Financial Ststements for the Year Ended 31 March 2025 Defined benefit pension schemes Local government pension scheme The LGPS is a funded defined-benefit scheme, with the assets held in separate trustee- administered funds. The total contribution made for the period ended 31 March 2025 was £123,000, of which employer's contributions totalled £92,000 and employees, contributions totalled £31,000. The agreed contribution rates for future years are 18.5 % per cent for employers. The date of the most recent comprehensive actuarial valuation was 31 March 2022. There is a comprehensive re-valuation every 3 years with more limited annual updates in be￿een. The total cost relating to defined benefit schemes for the year recognised in profit or loss as an expense was 71,000 (2024 - £116,000). Reconcillation of scheme assets and Ilabllltles to assets and liabilities recognlsed The amounts recognised in the statement of financial position are as follows.. 2025 2024 Fair value of scheme assets Present value of defined benefit obligation Defined benefit pension scheme surplus 3,751,000 {2,886,000) 865,000 3,544,000 3,292,000) 252,000 The net defined benefit pension asset is £865,000, before adjusting for an asset ceiling of £865,000, resulting in net asset recognised on the statement of financial position of £Nil. We have restated the pension asset in the prior period to reflect this asset ceiling. Defined benefit obligatlon Changes in the defined benefit obligation are as follows: 2025 2024 Present value at start of year Current seNice cost Interest cost Actuarial gains and losses Benefits paid ontributions by scheme participants 3,292,000 82,000 163,000 (637,000) (45,000) 31,UUU 3,334,000 110,000 157,000 (185,000) (160,000) 36,000 3,292,000 Present value at end of year 2,886,000 Page 36 DYS Space Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Fair value of sch8m9 assets Changes in the fair value of scheme assets are as follows.. 2025 2024 Fair value at start of year Interest income Return on plan assets, excluding amounts included in interest incomel{expense) Administrative expenses Employer contributions Contributions by scheme participants Benefits paid Fair value at end of year 3,544,000 177,000 3,190,000 153,000 (45,000) (3,000) 92,000 31,000 145,000 3,751,000 217,000 (2,000) 110,000 36,000 160,000 3,544,000 Analysis of assets The major categories of scheme assets are as follows.. 2025 2024 Cash and cash equivalents Equity instruments Bonds Propety Infrastructure Investment funds Other 97,000 1,977,000 888,000 312,000 389,000 88,000 80,000 1,945,000 805,000 272,000 359,000 84,000 1,000 3,544,000 3,751,000 The pension scheme has not invested in any of the charity's own financial instruments or in properties or other assets used by the charity. Page 37 DYS Space Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Principal actuarial assumptions The principal actuarial assumptions at the statement of financial position date are as follows: 2025 2024 Discount rate Future salary increases Future pension increases (CPI) Post retirement mortality assumptions 5.90 3.90 2.90 4.95 3.85 2.85 2025 Years 21.40 22.70 22.70 24.10 2024 Years 21.50 22.70 22.80 24.10 Current UK pensioners at retirement age - male Current UK pensioners at retirement age - female Future UK pensioners at retirement age - male Future UK pensioners at retirement age - female Page 38 DYS Space Limited Notes to the Financial Statements for the Year Ended 31 March 2025 17 Funds Balance at 1 April 2024 Balance at 31 March 2025 Incoming Resource5 resources expendedGainsl{Iosses) Unrestricted funds 62,442 3.157,956 (3,033,294) 187,104 Restricted funds All restricted funds 135,251 <45,155) 90,096 Pension funds (71,000) (3,149,449) 71,000 Total funds 62,442 3,293,207 71,000 277,200 Balanc6 at 1 Aprll 2023 Balance at 31 March 2024 Incoming Resources resources expendedGainsl{losses) Unrestrlcted funds 570,385 2,597,323 (3,105,266) 62,442 Restricted funds All restricted funds 192,677 474,024 (666,7011 Penslon funds 144,000 {6,000) (3,777,967 150,000 150,000 Total funds 619,062 3,071,347 62,442 Balance at 31 March 2025 Balance at 1 April 2024 Incoming resources Resources expended Restricted funds Preventative Youth Services Responsive Programmes Educational Services 14,243 70,008 51,000 (11,358) (33,797) 2,885 36,211 51,000 Totsl restricted funds 135,251 145,155) 90,096 Page 39 DYS Space Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Balance at 31 March 2024 Balance at April 2023 Incomlng resources Resources expended Restricted Preventative Youth Services Responsive Programmes Educational Services 14,918 177,759 3,560 411.138 59,326 (18,478) (588,897) (59,326) 666,701 Totsl r8strlct8d funds 192,677 474,024 Preventatlve Youth Services Funding towards our long term, open Access and voluntary engagement.. Via our centre-based, online and street-based Youth Work: Providing Somewhere to go, Something to do and Someone to talk to. Responsive Programme8 Funding towards our short and long term programmes designed to provide targeted support in specific areas. Educatlonal Services Funding to support work with schools to support pupils at risk of exclusion or requiring support with their well being, through our Educational servI￿s division and Chan￿S our independent school providing an alternative education provision. 18 Analysis of net assets between funds Unrestricted funds General Total funds at 31 March 2025 Restricted funds Tangible fixed assets Current assets Current liabilities 5,332 1,174,932 993,160 5,332 1,265,028 993,160 90,096 Total net assets 187,104 90,096 277,200 Unrestricted funds General Total funds at 31 March 2024 Tangible fixed assets Current assets Current liabililies 13,390 1,060,488 (1,011,436 13,390 1,060,488 (1,011,436 Total net assets 62,442 62,442 Page 40 DYS Space Limited Notes to the Financial Statements for the Year Ended 31 March 2025 19 Related party transactlons There were no related party transactions in the year. Page 41