Charity registration number 1203681 Company r8gi8tration numbèr CE032666 (England and Wala81 WITCHES CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 WITCHES CIO LEGAL AND ADMINISTRATIVE INFORMATION Truste8S Ms L M Hildgr Ms J C Rainford IAsMHMay Charity number 1203581 Company number CE032666 R8glstered offic8 185 Preston Road East Yorkshir8 England HU9 5UY Independent examSner Fawley Judge & Easton Ch8rt8red Certified Ac¢x)untants 1 Partsament Streèt Hull E85t yo￿shirts HU1 2AS WITCHES CIO CONTENTS Page Trusl8es' r8port Independent examiners report Statement of finanaal aotivitl85 Balancx sheet Notes to the f5nancial statements 6-10 WITCHES CIO TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and fin8rEcial 5tsternents for the year ended 31 March 2024. The financial statèmènts have been prepared in accordance with the accounting policies set out in note 1 to the financial staternents and Comply with the charity's Igoveming documenll. the Companies Act 2008 and "Ac¢ounting snd Reporting by Charities.. Statement of Recommended practi￿ 2pplicable to charrties preparing their accounts In accordan￿ with the Financial Reporting Stsndard applicable In the UK an¢ Republic of Ireland IFRS 1021" lefFective 1 January 20191. Objectives and activit18S WITCHES is a Charitable Incorporated Organisation ICIOI, which is located at Winner. the Preston Road Wornen, Centra Its purpose is to provide opportunities for tradeswomen to work in a women-only environment free from gender- based harassment anL1 abuse and to provide a mult￿traCte$ service to women In the community. Dunng 23124 the tharily be9an its operation and worked towards setting up a SeN1￿ by commencing ￿trultr￿eftt of two tradeswotnen to establish its provision. Public bertefit The trustees hav8 paid due iegard to guid8n(E issued by the Charity Commission in deciding what activities tha charty should undertake. Achi8vements and performance Signifrcant activities and e¢hievements 898inst objectives The chaiity is working toward5 the establishment of the selv1￿ for the finanaal year 2024125 Financial revtew FunL1ing will be sought to maintsin thg servic8 onc8 it is up and running R&seThes policy The trustees will establish and revièw 8 r8serves policy during the first full year of opar8tions. The trustee5 have assessed the rnajor risks lo which the charity is 8XP05ed, and are satisfied that systems are in pla[￿ to Mitigate exposure to the major nsks. Structur¢, gove*nan¢e and management The charity is a charitable incorporated organisats"on. The trust8es, who are atso the directors for the purpose ol cornpany law. and who sefved dunng the year and up to the d8te of Signatu￿ of the financi81 statements were". Ms L M Hilder Ms J C Rainford MsMHMay None of the INslees has any beneficial interest In the cornpany. All ol the tru5tses are members of the company and guarantee to ¢oniribute £1 in the event of a winding up. WITCHES CIO TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The tru5tees' report W85 approv8d by the Board of Trustees. MsMHMay Tru$tee 13 January 2025 WITCHES CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WITCHES CIO I report to the trustees on my examination ol the financial statements of VVITCHES CIO Ithe charityl for the year ended 31 March 2024 Responslbi5itie$ and ba$ls of report As the trustees of the charitylsnd a150 Its director3 for th8 purposes of company lawl you are responsible for the preparation of tho financial statements in accordan￿ with the ￿quirements of the Companie5 Act 2006 (the 2006 Acti. Having satisfied myself that the finan¢ial statements of the charity a￿ not ￿Quired to be audited under Psrt 16 of the 20Th5 A¢t and are eligible for independent exarninatson, report in respect of my examination of the charity, financial statements tsrried out under section 145 of the Charities Act 2011 (the 2Q11 Act). In carrying out my examinaiion I have followed all the applicable Directions given by the Charity Comrnis5ion und8r saction 14515llbl of the 2011 Act. Indapend8nt examinerfs stat8m8nt I have completed my examinabon. I confirtn that no rnatters h8vg come to my attents'on in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in resp8ct of the chafity as required by section 386 of the 2006 Act". or the financial statements do not accord with those record5". or the financial statements do not comply wilh the accountng requiietnents of section 396 of the 2006 Act other than any ￿quIrement that the account5 give a true and fair v￿W which is not a matter Considered as part of sn Independent exarninstson, 01 the financi81 st8tements have not been prepared in accordan￿ with the methods 8nd principles ol the Statement of Rewmmended Practi￿ for accounting and reporting by charities applicable lo charities preparing theii 8c¢ounts in accordan￿ with th$ Financia5 Reporting Stsnd8rd applicable In the UK and Republic ol Ireland IFRS 1021. I have no concerns and have come across no other rnatters in connection with the examination to which attention should wTr In this report in order to enable a proper understanding of the financial statements to be ￿aChed. Fawley Judge & Easton Chartered Certifieo, Accountants 1 Parfiament Street East Yorkshire HU1 2AS Dated.. 13 January 2025 WITCHES CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted lund8 2024 Notes Expenditure on= Charitable activities 33 Total axponditure 33 Net expenditure and movement in funds 1331 Recon¢lllation Df funds.. Fund balanc85 at 1 April 2023 Fund balances at 31 March 2024 1331 Th8 Statement of financial 8ctivit18s include5 all g8ins and losses recognised in the year. All income and expenditure deriv8 trorn continuing activitle3. WITCHES CIO BALANCE SHEET AS AT31 MARCH 2024 2024 Note$ Current assets Cash st b8nk and In hand 467 Cr•ditors'. amounts falling du& within on• yèar 15001 Net euffent liabblit1•5 1331 Ngt assets excluding pension liability 1331 The funds of the charlty Unrestricted funds 1331 1331 The company 15 entitled to the ex8mplion from the audit wuirement contained in section 477 of the Companies Act 2006. for the year ended 31 March 2024. The directors acknowledge their responsibilth.es for complying with the requirements ol the Comp8Tri88 Act 2006 with respect to accounting records and th8 preparation of financial statements. The mefflbers h8ve not r8quired the company to obtain an audit of its financial statements for the year In question in accordance with section 47e. Th8S8 financial statements have been prepared in accorojance wrfth tha provi5i0ns applicable to compaTrie5 subject to the sm811 compaiiies regime. The financial statements were approved by the trustees on 13 January 2025 MsMHMay Trust¢e Cornpany registration number CE032666 (England and v￿laS} WITCHES CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting polici8S Charlty Infomiation WITCHES CIO Is a piivats company limited by guarantee Incorporated in England and Wsles. The registered office is 185 Preston Road. Hull. East Yorkshir8, HU9 SUY. England. 1.1 Accounting convention The financial 5tatement5 have been p￿Paled in accordance with the charity'5 Igoverning documentl. the Companies Act 2006, FRS 102 'The Fin8ncial Reporting Standard applicable in the UK and Republic of I￿land. I'FRS 102 1 and the Charities SORP "Accounting anL% Reporting by Ghsritie5. Ststement of Recomme-, ded Pra¢li¢e applicable to ¢harities p￿pann9 their aCGounts in accordano with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021" (effective 1 January 20191. Th8 charity is a Public Benefit Entity as defined by FRS 102. charty has taken advantag8 of the piovision3 in th8 SORP for charities not to prepare a Statement ol Cash Flows_ The financ181 statements are prepara In sterling. which is the fvnctional currency of the charity Monetary amounts In these financial statements a￿ iounded to the nearest £. The financi31 slatements have be8n prepared under the historic81 cost conventson, Imodified to Include the valuation of freehold properties and to includ8 investrnent properties and certain financial instrutnenls at fair valuel. The princip31 aceounting policies adopted ara sat out below. 1.2 Going concern Al the time of approving the finanual Statements. the trustees have a reasonable expectation that the ch8rity has adequate resources to continue in operational existents for the foieseeable future. Thus the trustees continue to 8dopt th8 going COn￿M basis ol accounting In preparing th& financial statements. 1.3 Charitsble fund$ Unrestricted funds are av3ilabte for use at the disttetion of the trustees in furtherancè of their ¢haritsble objectives. R&Str￿Cted funds are subject to specific wnditions by donors or grantors as lo how they may be used The purposes uses of the r8Stricled funds are set out In the notes to the financial stat8ments. Endov¢rnent funds are subject to specific conditions by donors that the caprtal must be maintained by the charty. 1.4 Income In¢on)e is fecognised when the charity is legally 8ntitled to it after any perf0rrnan￿ condition3 have been met. the amounts can be measured reliably. and it is probable that income will be ￿ts1ved. Cash donations are ￿COgnised on re￿ipt. Other donations are ￿COgnIsed once the eharty has been notified of the don8110rn, unless performance conditions requi￿ deferr810l the amount. Income tax recoverable In relation to donalions re￿1Ve￿ under Gift or deeds of covenant is recogn15ed at the titne of the donat￿0￿. L8gacies are fecogni58d on receipt or otherwise il the charity h33 been notified of an impending distribution, the amount Is known, and re￿Ipt is expeded. If the 8rnount is not known, thè legacy is treat8d 8$ a contln9gnt a5s2t. WITCHES CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Icontinuedl 1.6 Expenditufe Expenditure Is recognised On￿ there is a legal or constructive obligation to transfer economic benefit to a third party, it is prOtsab￿ that s iransfei of economic b8n8fit5 will b8 r8quired in settlernent, and the amount of the obligation can be measured ￿liab￿. Expenditure is classified by activity. The costs of each activity are made up of the tot31 of direct cost$ 8nd shared costs, including support costs involved in undertaking each activty. D1￿ct costs attribut8bl8 lo a single aotivity are allocaieL1 direcuy to that activity. Sharèd costs which contribute to more than one activity and support costs which ale not attributab￿ to a singlg activity are apportioned bebNeen those activitie5 on a basi5 conslstent with the use of resources. Centr81 staff costs are allocated on the basis of time spent. and depieciation charges are allocated on the portion of tt)e asset's Use. 1.6 cash and cash equival•nts Cash and cash eqUiVa￿nts include Cash in hand, d8posits held at call with banks, other short-tetrn liquid investment5 Wlth original maturities of three months or less, and bank overdrafts. Bank overdraft5 are shown within boffowings In curr8nt liabilitl8S. Basic financial zssets Basic financi81 assets. which include debtors and c85h and bank balan￿s, ar6 Illltialty tlle85Lired at transaction Pi Ice Including tr8ns8Ction costs 8nd are subsequenuy carried at amottised cost using tk.? effective nte￿8t tnethod unless the arrangement o)nstitutes a financing trans8Ction. where the transaction is ea5ured 3t tn8 present Value of the future re￿Ipts discounted at 8 market rate ol interest. Financial 85s8ts da5sifi8d 8s p.ceivable within one year are not amortised. 83Stc financeal liabilities Basi¢ finan¢ial Liabilities, including cr8ditor5 and bank loans are initialty recognised at transaction prits Linless the arrangement constitutes a fInarn￿ng transaction, where tha debt inslrurnent is measured at the present value of thg fijlure payments discounted st a rnarket rate of inte￿$t. Finan￿21 liabilities cjassified as payable within one year 3re not amortised. Debt instrum6nts are subsequently cairied at amortised cost, using th8 affective interest rate method. Trade Creditors aE obligation5 to pay for goods or services that have been acquifed in the orcjinary course of operations from suppliers. Amounts payable ar8 classified as current liabilities if payment is due ivilhin one yeai or less If not, they are presented as non-current liabilities. Trade creditors ale le￿nised anrtially at transaction piiie and Subsequently The85ured at amortised cost using the effective interest method D¢re¢ognition of financlal 118biiities Fin8ncial liabiliiies are 15erecognised when the charty¥ contractual obligations expl￿ or are dis¢harged or cancelled 1.7 Employee benefFts The cost ol any unused holiday entitlement is r&co9ni5ed in thè period in which th8 emoloyee'5 5Ptvice5 are receive(J. Termination are recognised Immediately as an expense when the charity is demonstrably comrnitted to terminate the 8mployment of an employee or to provide teminats.on benefrts. WITCHES CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Critical accounting e8tirnatss and judgements In the applin￿l..On of the charity's accounting policie3, the trustee¥ are required to make iudgemenls. estimates and assumptions about the Carrying arnount of assets and liabilities that a￿ not readily apparent from other sources. The estimates and associated assumptions 3re based on h15toiic&l expsrience and other factors that 8r8 consioeFd3J 10 be relevanl. Actual results Inay differ from th8S8 8Stimat8S. Th8 e5timate3 and undedying 8SSUrnPtions are r8V18wed on an ongoing ba3is. Revisions to 3wcounting estimates are recognised in th8 P8riod in which the estimate is revised where the revision affect5 Only that peri(Ml, or In the period of the ￿vIsion and future periods where the revision affects both curr8nt and future pen¢xls. Expenditu￿ on charitsble actlvlties Hèading #ac982 2024 D¥r8¢t cost• Share of support and govemance costs (see note 41 Support 33 Analysis by fund un￿strICted lun(t5 33 Support costs allocated to aetivlties 2024 33 Analy$ed between- Hesdirig #ac982 33 Net movement in funds 2024 The net mov£N,ent In lunds 15 Stated after charging1(￿ditingl. Trustees None ol the trust8es lor any persons eonnect8d wrth them) ￿te1Ved any remuneration or benefits from the charity during th6 year. WITCHES CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Ernployees The £veraci& rnonthly nurnber ol employees during the year wa5". 2024 Number Total There were no employees whose annual ietnuneration was more than £60,000. R8mun8ration of key management personnel The ￿Murier&I10ft of key management personnel was as fo11ows'. Taxation Th8 charit5, 15 oxèrnpt from taxation on its 8Ctivities becaus8 all its incorne 13 applied for Charitab￿ purposes. Crèditors.. amounts falling duè wthin one year 2024 Nots$ Defer￿d inoome 500 10 Deferred in¢ome 2024 Other deferred Income 500 Trefer￿d income is included In the financial statgrnents as follows". 2024 Defett8d income is induded within.. CUr￿nt liabili11es 500 Movements In the year". Deferied income a11 April 2023 Resourc8s deferred In the year 500 Def8rred income at 31 March 2024 500 WITCHES CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 11 Unrestri¢ted fund8 The unrestricFrd funds of the charity comprise the unexpend8d balance3 of donations and grants which a18 not subject to specific conditions by donors and grantors as to how they may be used. These indude desunated funds which have been set aside out of unrestricted funds by the trustees for spe¢ifi¢ purposes. At 1 April 2023 Re$ource$ At 31 March expend¢d 2024 General fuihds 1331 1331 12 Related party Eransactions There were no disclosable related party transactions during the year (- none).