char￿ reglstratlon nurnber 1198778 Company registration numl)er CE028902 (England and Ivalesl DAIZYBELL HOMES CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 DAIZYBELL HOMES CIO LEGAL AND ADMINISTRATIVE INFORMATION Trustse$ hA$ L M Hikler M Hill E Peaker J Hancox KGri Charlty numb•r 1198778 Company number CE028902 R8gi8tered office Auburn House Upper Piceadilly Bradford st Yotkshire BD13NU Independent examiner Fa￿eY Judge & Easton Charte￿￿ Certified Accountsnts 1 Parfiarnent Streèt Hull East Yorkshire HU12AS DAIZYBELL HOMES CIO CONTENTS Page Trustèès, rèport Independent ex8mine¢s report Statement of financial activities Balan￿ sheet Notes to the financial statements 6-12 DAIZYBELL HOMES CIO TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial statemants for thè yèar èndèd 31 March 2024. The financial statements have been prepar8d in accordan¢￿ wth th8 8ccounting policie5 set out in note 1 to th8 financial statements and Comply with the charity's Artscle5 of Association. the Companies Act 2006 and "Accounting and Reporting by Chsiities". Statement of Recommended practi￿ applicable to charrtie5 p￿paring their awounts in accordan¢￿ with th8 Financial Reporting Standard applicable In the UK and Republic DI Ireland IFRS 1021" (effective 1 January 20191. Oble¢tive8 and activities Daizybell Homes is a chanty dedicated to providing safe Iyispersed accommodation for wom8n and their children who have 8XP8rienc8d violence and abuse. Daizybell Homes provides this stepping stone trom 2417 hostsl based support via a supported tenarry to ind8p8nd8nt living It wod($ in partnership with Resonanc£ and Wnner Trading Ltd to operate 30 leased properbes across the Cty of Bradford for this putpose This type of accommodation is much needed in Bradford where th8re are drfficult￿s in halping woman and Chi￿ren move on from crisis ￿luge ac(tsnmodation back tnto the community In the corning year the charty will seek to increase the properties available to it through other means such as asiro from private landloid5 and, if re￿vant finan￿ is available, purchasing properties for the same purpose The tiustees have paid due regard to guidance issued by the Charity Commission in dèciding what activitias tha charity should undertake. Achievoments and perfonnance Financial revl•w It Is the policy of the charity that unre¥trictsd funds which have not been d6signat6d for a specthc use should be maintained at s lavel equwalent to bewn three and six month's expenditure. The trustsgs consider that reserv8S at this lev81 will ensur& that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration Is given to ways in which addits.onal funds rnay be ra￿ed. This lav81 of r85erves has been maintained throughoLrt the year. Structura, govomance and management The chanty Is a Charitable Incorporated Organisation. The trustees, who are also the d1￿ctOrS for the purpose of company law, and who served during the year and up to the date of signature of the financial statements We￿.. Ms L M Hilder M Hill E Peaker J Han¢ox K Gric8 None of the trustees has any benefiual Interest in tt)6 company. of tt)è trustees ara mèmbers of the o)mpany and guarantee to contribute £1 in the event of a winding up. DAIZYBELL HOMES CIO TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED FOR THE YEAR ENDED 31 AIARCH 2024 The trustees. rwirt was approved by the 8oard olTru5tees. M$ L M Hild8r Trustso 25 Septembèr 2024 DAIZYBELL HOMES CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DAIZYBELL HOMES CIO I repDrt to tha trustaès on my examinath.on of the finanual ststements ol Daizybell Homes CIO (the d)artyi for the year ended 31 March 2024. Resp01￿1b11Iti0s and bagis of rèport As the trustees ol the charity land aL80 its director3 for the putPOS88 of (x>mpany lawl you are r8SPOn5ib18 for the preparation of the financial statements in accordan￿ with the requirements of the Companies Act 2006 lthe 20( Acti. Having Satisfied my58lf that the financial statements of the charty a￿ not ￿qUired to be au¢Jited under Part 16 01 tbe 2006 Act and are eligible for ind8pendant examination, I report in respect of my ex8mination of the charity's financial statements carried out und8T section 145 of the CharitI8s Act 2011 Ith8 2011 Actl. In carrying out rny examination I have followed all the applicable Directions given by the Charity Comrnission under section 14515llbl of 2011 Act. Independent examin?rf8 ¥tstsment sin￿ the charity's gr05s income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confifrn that l am qualified to undertake the examination because l am a member of IENTER IN DATABASE cy10151. which ￿ one of the listed boyies. I have cornplètsd my 6xaminatron. I confim that no matters have come to my attention in conrection with th8 examination giving rne cause to believe that in any matenal respect.. accounting record$ were not kept in r85P8Ct of the charity as required by section 386 of the 2006 Act", or the financial statements do not accord with those records.. or the financial statements tao not comply with the accounting requirernents of $8cbon 396 of th8 2006 Act othar than any requi￿rnent that the accounts give a true and fair view which is not a matter considered 35 part ol an independ8nt exarnination," or the financial statements have not been p￿pared in acoordanc£ with the methods and prinCip￿S of the ststement ol Recommended Practice for accounting and reporting fjy charities applicable to charities preparing their accounts in accordance with the Finana31 Reporting Stsndard 3pplicable in the UK and Republic of Ireland IFRS 1021. I have no conc&ms and have corne across no other matters in connection with the examinabon to which attention shoukl wn in this report in Order to enable a proper understandin9 of the financial statements to be reached. than Leathley ey Judge & Easton Chartered Certified Acxountants 1 Padiament Street Hull East Yorkshi HU12AS Dated." 25 October 2024 DAIZYBELL HOMES CIO STATEMENT OF FINANCIALACTivrriES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 UMrèstrl¢t•d funds 2024 Ro$trietsd funds 2024 Ttstal Unrestrictsd funds 2023 2024 Not•s Incom• from: Donations and legacAes charitsb￿ activities 175.804 175,604 83.973 63,400 78,015 83,973 Total incom• 83,973 175,604 259,577 141,415 Expenditure on- Charitable activ￿"e$ 38.569 144,452 183,021 112,631 Toial expendlture 38.569 144,452 183.021 112,631 Net Income 45.404 31,152 76.558 28,784 Transfets between funds 31,152 131,1521 N8t movement in funds 76,556 76.558 28.784 Re¢on¢iliation of fvnds.. Fund balances at 1 April 2023 49.555 49,555 20.771 Fund balances at 31 Mareh 2024 126,111 126.111 49,555 The statement of financial activitbes indudes all gains and losses iecoJni$ed in the year. ￿1 incom8 and 8xpenditurg derive from continuing activities. DAIZYBELL HOMES CIO BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Noles Fixed assets Tangibk assets 11 1.276 1.800 Current a*s•ts Debtors Cash at bank and n h9nd 12 20,418 51,650 140,628 140.628 Ciedltor¥: amounts folllny du• withln one year 72,068 13 15.7931 124.3131 Net CUr￿￿t as$•ts 124,835 47.755 TDlal a$s*ts 1955 current IlabllM•* 126.111 49,555 Ngt assets •x¢ludln9 p•n$ion Ilabllity 126,111 49,555 Th• fvnds ofth• charlty Unr•strthd fund¥ 128.111 49.555 126.111 4S,SSS The company i5 en1bl￿d to the 8xernptyc￿ from th? audit requir¢rnent ￿Ined in sectrjn 477 01 C(￿pa￿•S Act 2￿. for the ￿r ended 31 Mgrch 2024. The direth aCkrn￿9dge ts"r r•sp￿1￿.1￿eS lor comptylng *ith the Mwrement$ ¢1 the Companies Act 2006 vhlh rgspect to accounting reeords #nd the preparatyon of flnancial statements. Th8 rnembers have not required the coThp?ny to cotsln an autht of rts financAal slatements forthe year in question in ac¢wdance with Section 476. These finanual statements have beèn prepared in accor(Jance the wovisions aP￿1¢able to eompan& subje¢l ID Ihe srnall companies regim?. The flnanoal statew￿nts were approved by the tru81ees on 25 October 2024 Ms L M HFlder Trustag cornpany wlstratiDn n1Th￿r CE028902 (England and Wdl&sl DAIZYBELL HOMES CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Aeeounting poIici•s 1.1 Accounting convontion The finan￿￿1 5tatement5 have been prepar8d in acwrdaTh￿ with the charity's t9)veming documenti, the Companies Act 20(￿. FRS 102 °The Financial Reporting Standard applicable in the UK and Republic of Ireland. I"FRS 102.1 and the Charities SORP "Accounting and Reporting by Charit￿$.. Ststement of Recommended Practice applicable to charities preparing th6ir accounts In 8ccordan1￿ with the Finanra81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191. The charty is a Public Banefit Entity as defined by FRS 102. The charty has tsken advantage of the prOv￿lOn$ in the SORP for charities not to prepare a Statement ol Cash Flow3. The finanrAal ststements are p￿pa￿d in sterfing, which is the funetional Cufrancy of the charty. Monetary amounts in these financial statements are rounded to the nearest £. The finanaal ststements have been p￿pared undar tho historieal cost conv6nb"on. lrnodified to indude the ravaluation of fre8hold prop8rb85 and to includ8 inv8Strnent proparties and certain financial instruments at fair valuel. The principal accounting policies adopted are set out below. 1.2 Going coneom At the time ol approving the finanaal statements, the trustees have a ￿asonable expectation that the charity has adequate resource5 to continue in opeith.onal existence for th8 foiesegablg future. Thys the trustee5 continue to adopt the going oyJn(xrn basis of accounting in preparing the financial statements. 1.3 Charitable funds un￿strICted funds are available for use at the discrety.on of the trustees in furtheran￿ of their charitable obj'ecti￿. Restncted funds a￿ subject to spetsfic conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted ￿ndS a￿ set out in the notes to th& finan￿81 ststements. Endowment funds are subject to specific wnditions by donors that the capital must be maintain8d by the chaiity. 1A Income Income is r8cyyJni58d whan the charity is kgally entitled to rt aftèr any p8rforrnanrn conditions have been mèt, the arnount5 can b8 measured ￿lIablY. antj it is probab￿ that IllC0rn8 will be r￿1ved. Cash donations are recognKsed on rec8iPt. othgr donations are recognised once the charty has been notified of the donation. unless performance conditions require deferral of the amount. Income ts¥ recoverable tn relation to donations r6cèiwJ under GiftAid or deeds of covenant is r8cognised at the time ol the donsb"on. L8ga¢ps are recognised on re￿Ipl or otherwse rf the charity has been notffi8d of an wpendirrfJ distsibuts"on. the amount is known, 8nd rer£ipt is expected. If the amount is not known. the legaey is tr8atgd as a conts"ngent a5S8t. DAIZYBELL HOMES CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Aecountlng pollcles (Continuedl 1￿ Expendlture Expenditure is recognis8d on(x thare 15 a legal or construeb.ve obligation to transfer aconomic b8nèfit to 8 third p3rty, It is probable that a transfer of ecoTh)rnic benefits will be required in settlement, and the amount ol the obligation can be measured reliabty. Expenditure is ¢las5ified by activity. The eosts ol each activity a￿ made up ol the total of direct costs and sh8r8d cost5, induding support cost5 invoW In undértaking each actwity. Diract Costs attributable to a single activity are allocated dI￿¢bY to that activty Sha￿d costs which contribute to MO￿ than one aCt￿vity and support costs which a￿ not attributabk to a single actimty are apportioned be￿n those actMtEs on a basis COn51Stent wth the use of resour￿5. Central staff costs are allocated on the ba515 of time spent, and depreciation charges a￿ sllocated on the ports.on of the assets use. 1.6 Tanglble fixed assets Tangible fixed assets are initialty measured at cost and subs8qU8ntty rn88sur8d at cost or valuation, net Df depwats.on and any impaimient losses. Depreciation is recognisa so as to write off the ¢x)st or valuation of assets ￿88 their r95idu81 valu88 over thair useful lives on the following bases.. Computers 20% on a Straight lin8 ba51S The gain or loss arising on the disposal of an asset is detemiined as the ttiffe￿n￿ be￿een the sale pro￿dS and the carrying value of the as5eL and 15 iecogni5Bd In ihe statement of financial activities. 1.7 Impalrnient of fl xed assets At each reporting end date. the charity ￿vIewS the carrying amounts ol its tsngIb￿ assets to detem)ine whether there is any indication that those assets hsve suffered an irnpairment loss. If any such indication ex15ts. the recoverabk amount of th8 asset 1$ estimatad in order to iJ&temiine tr￿ extent of the impaiment loss lif any). 1.8 Cash and eash èquivalènts Cash and cash eqUiVa￿nts include cash in hand, deposits hèld 8t C811 with banks, other short-tem) liquid investments with original rnabJithe5 of three rnonths or less. and bank overdrafts. Bank overdrafts a￿ shown within borrowings in current liabil￿85. 1.9 Financial instruments The charity has elected to apply th& prowsion¥ of Section 11 'Basic Finanaal Instrumant5' and Section 12 'other Finanaal Instrurnents 15sues' of FRS 102 to all of its finanaal Instruments. Finanaal instruments are recognised in tho efiarity's balan￿ sheet when the charty becomès party to the contractual prowsions of the Instrument Financial assets and liabilities are offset, with the net amounts presented in the financial ststements, wh8n there 15 a leg8lly enforceable fight to set off the recognised amounts and there is an intenbon to S8tt1e on a net basis or to r881is8 the asset and setue the liability 8irnultsneous￿. Basie fin3nci8lsssets Basic financial as58ts. which indude debtors and cash 8nd bank balan￿$, are initialty MeasU￿d at transaction price including transaction costs and ar8 5ub3equendy Carried at amortised wst using the effèctlV8 inter8St rn8thod unless the arrangement constitutes a finanong trans8Ction, where the transaction measured at the p￿sent value of the futur8 re￿Ipts discounted at a market rate of interest. Financial assets da55ified as ￿Ce￿ble within one year arg not amortised. DAIZYBELL HOMES CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcle8 Icontlnuedl Baslc flnan¢ial li•bilities Basic financial liabilities, induding craditors and bank loans are initially rEcognis8d at transaction Pri￿ unle¥5 the armngement Constitutes a financing transaction. wh8re the debt instrument is measured at the present value of the future payments discountsd at a markgt rate of ints18St. Financial liabilities dassified as payable within one year are not amorb"sed. Debt instruments ar8 subsequently r2rried at amorbsad cost, using the eff8CtNe interest rat8 method. Trade ￿dItorS are obligath.ons to pay for goods or servi￿$ that have been acquired in the ordinary course of OP8r8tions from suppliets. Amounts payable are dassilied as current liabilrties if payment is due wrthin one year or less. If not, they are presented a5 non-current liabilitie5. Trade creditors a￿ iewgnised inth.ally at transaction pri￿ and subs8quendy rn88sured at arnort158d c05t using th8 eff8ctivè int8rtsst rnethod. Dere¢ognition of financial li8bilities Financial liabilitJe5 are derecognised when the chanty's contractual obligats.ons expire or are discharged or cancelled. 1.10 Employè• bènafits The cost of any unused holiday entit￿rnent is recognised in the period in which the employee's servi￿$ are r8ceiv8d. Temiination benefits are recognised imrnediately a¥ an expense when the charity is dernonstrably committed to tem)inate the empk)yment of an ernployee or to provide temiinats.on benefits. Critical accounting estimate$ and judgements In th8 applicaknon of the charitys ￿COunting policies. the tIU5te88 ate required to rnake judg8m8nts. e¥ts"rn?t8S and assumptions about the carrying amount of a55ets and liabililies that are not readily apparent from other Sour￿5. The estimates and assoaated assumpts.ons a￿ based on historical experience and other factors that ar8 conshJ8red to b8 r818vant. Actual resu￿5 may differ from these estimatas. The estirnateS 5nd undertying assumptions are reviewed on an ongoing basi5. Revision5 to accountyro estimates are recognised in the period in which the estimate is ￿vISed where the revision affects only that penod. or in the peiiod of the revis￿￿ and future p8riods wher8 the revision affects both current and future period3 Income from donatlons and legaCte8 Unr•strS¢tèd R•striet•d funds fund$ 2024 2024 Total Unrestricted Reslrlcted fun(ts funds 2023 2023 Totsl 2024 2023 Grants re￿1vable 175.604 175.604 63,400 63.400 DAIZYBELL HOMES CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 In¢om¢ from charitabl& actÉviti08 Unrestrtcted fund$ 2024 Unre$trf¢tsd fund¥ 2023 Core Winner Tradin9 Servic8 Level Ag￿ement Income Other income 59.758 24.215 77,395 620 83,973 78.015 expendlturg on charitable activiti•# Coro 2024 Cor• 2023 Olrect ¢08ts Staff costs Deprecith"on and impaimient Rate5 Property repairs & renewals Staff recruitment costs M8n8g8ment charge Repairs 8 renewals CompLrter running costs Travelling expenses Professional sub5¢riptions Consultancy f8&S Bank chargas Pnnting. stationèry and advèrtising T818phona Sundry expenses 127,037 524 729 14,180 2,238 30,193 75.846 450 306 270 468 29,000 123 686 721 783 450 72 63 278 774 3.626 72 305 631 1,107 178,783 112,631 Share of support and 9overnan¢e ¢osts l#ee not¢ 61 Govemance 4.238 183.021 112,631 Anatysls by fund Unrestricted funds Restrt¢ted funds 38.569 144,452 112.631 183,021 112,631 DAIZYBELL HOMES CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocated to actbvltles 2024 2023 Goveman(x (x)sts 4,238 Analysed belween: Cor8 4,238 Nèt mov¢ment Sn fund$ 2024 2023 The net movement in fvnds is ststed after chargingllcredth"ngl. Depre¢iab'on of owr￿d tangible fixed assets 524 450 Trustees None of the trustees lor any pet50n5 conrEcted with th8rn1 re￿1V￿￿ any rernuneration or benefits from the ¢harty during the year. Employ888 The average monthly number ol employees during the year was". 2024 Nurnber 2023 Number Employment costs 2024 2023 W39es and salaries 127,037 75.846 There were no ernploye8s whose annual remuneration was more than £60.000. R•munoration of key managem¢nt Personnel The remuneration of key managemènt Pgrsonnel w85 as follows.. 10 Taxation The charity is exempt frorn taxation on its actsvities because all its Incoma is applied for charitabk purposes. 10- DAIZYBELL HOMES CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Tangible r￿ed a$s•ts COMP￿tr$ Cost At 1 April 2023 2,250 At 31 March 2024 2,250 Depreciation and impairmgnt At l April 2023 Depreciation charged in the year 524 At 31 March 2024 974 Carrylng amount At 31 March 2024 1,276 At 31 March 2023 1.800 12 D•btors 2024 2023 Amounts falling due within one year.. Trade debtors 20,418 13 Credltors: amounts falllng dua wlthln on• yèar 2024 2023 Trade ￿edItOrS Other creditors Accruals and deferred Income 15,193 98 24.215 15,793 24,313 DAIZYBELL HOMES CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Unrestrictsd fund$ The ￿n￿stricted funds of the charty comprise the unexpended balancès of don8tK)ns afid grants which are not subject to Specific condition5 by donor5 8nd grantors as to how they may be used. These Indude d85ignatsd funds whth have been Set aside out ol unrestricted funds by the trustees for specific puipose5. At 1 Aprll 2023 In¢omlng resources Resources expendefj Transfèrs At 31 Ilarch 2024 New Burden Gatfi&ld Weston General funds 155.365 20.000 191,3921 1155,3651 120,0001 136,796 49,555 31,152 126.111 49,555 83.973 138,5691 31,152 126,111 Prevlous year: At 1 Aprll 2022 In¢omln9 Resoure•s resourcès •xp•ndod Transf•rs At 31 March 2023 Gènèral funds 20.771 141,415 1112.6311 49,555 16 Rèlated party transactlons There were no di3c105able related party tran5acbons during the year12023- none).