Charity registration number 1203581
Company registration number CE032666 (England and Wales)
WITCHES CIO
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
WITCHES CIO
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Ms L M Hilder Ms J C Rainford Ms M H May
Charity number 1203581 Company number CE032666 Registered office 185 Preston Road Hull East Yorkshire England HU9 5UY Independent examiner Fawley Judge & Easton Chartered Certified Accountants 1 Parliament Street Hull East Yorkshire HU1 2AS
WITCHES CIO
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 13 |
WITCHES CIO
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Objectives and activities
WITCHES is a Charitable Incorporated Organisation (CIO), which is located at Winner, the Preston Road Women’s Centre .
Its purpose is to provide opportunities for tradeswomen to work in a women-only environment free from genderbased harassment and abuse and to provide a multi-trades service to women in the community.
During 24/25 the charity began its operation and worked towards setting up a service by commencing recruitment of two tradeswomen to establish its provision.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
Significant activities and achievements against objectives
The charity delivered handywoman services throughout the year through its first two tradeswomen.
Financial review
Funding will be sought to maintain the service once it is up and running
Reserves policy
The trustees will establish and review a reserves policy during the first full year of operations.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Future developments
In the upcoming year we will continue to maintain and grow the service and look at possible expansion of the service as appropriate.
Structure, governance and management
The charity is a charitable incorporated organisation.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Ms L M Hilder Ms J C Rainford Ms M H May
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
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WITCHES CIO
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
The trustees' report was approved by the Board of Trustees.
Ms M H May Trustee
8 July 2025
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WITCHES CIO
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WITCHES CIO
I report to the trustees on my examination of the financial statements of WITCHES CIO (the charity) for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Fawley Judge & Easton
Chartered Certified Accountants 1 Parliament Street Hull East Yorkshire HU1 2AS
Dated: 8 July 2025
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WITCHES CIO
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Charitable activities | 3 | 60,277 | - |
| Total income | 60,277 | - | |
| Expenditure on: | |||
| Charitable activities | 4 | 115,516 | 33 |
| Other expenditure | 9 | 14,693 | - |
| Total expenditure | 130,209 | 33 | |
| Net expenditure and movement in funds | (69,932) | (33) | |
| Reconciliation of funds: | |||
| Fund balances at 1 April 2024 | (33) | - | |
| Fund balances at 31 March 2025 | (69,965) | (33) |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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WITCHES CIO
BALANCE SHEET
AS AT 31 MARCH 2025
| Notes Fixed assets Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after more than one year 15 Deferred income 16 Net assets excluding pension liability Net liabilities The funds of the charity Unrestricted funds |
2025 £ £ 1,706 16,984 4,141 21,125 (7,030) 14,095 15,801 (85,266) (500) (69,965) (69,965) (69,965) (69,965) |
2024 £ - 467 467 (500) |
£ - (33) (33) - - (33) (33) (33) (33) |
|---|---|---|---|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 8 July 2025
Ms M H May Trustee
Company registration number CE032666 (England and Wales)
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WITCHES CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Charity information
WITCHES CIO is a private company limited by guarantee incorporated in England and Wales. The registered office is 185 Preston Road, Hull, East Yorkshire, HU9 5UY, England.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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WITCHES CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
20% on a straight line basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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WITCHES CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Core activities | ||
| Sales | 60,277 | - |
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WITCHES CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
4 Expenditure on charitable activities
| Core | Core | ||
|---|---|---|---|
| activities | activities | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Direct costs | |||
| Staff costs | 39,902 | - | |
| Depreciation and impairment | 427 | - | |
| Purchases | 3,238 | - | |
| Van leasing | 4,363 | - | |
| Sub contractors | 20,900 | - | |
| 68,830 | - | ||
| Share of support and governance costs (see note 5) | |||
| Support | 46,686 | 33 | |
| 115,516 | 33 | ||
| Analysis by fund | |||
| Unrestricted funds | 115,516 | 33 | |
| 5 | Support costs allocated to activities | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Bank charges | 81 | 33 | |
| Insurance | 4,927 | - | |
| Rent | 34,344 | - | |
| Light & heat | 780 | - | |
| Computer & software | 860 | - | |
| Rates | 255 | - | |
| Repairs & maintenance | 965 | - | |
| Staff training | 3,243 | - | |
| Subscriptions | 75 | - | |
| Telephone | 490 | - | |
| Governance costs | 666 | - | |
| 46,686 | 33 | ||
| Analysed between: | |||
| Core activities | 46,686 | 33 | |
| 6 | Net movement in funds | 2025 | 2024 |
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Depreciation of owned tangible fixed assets | 427 | - |
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WITCHES CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
8 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| 2 | - | |
| Employment costs | 2025 | 2024 |
| £ | £ | |
| Wages and salaries | 39,902 | - |
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
9 Other expenditure
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Financing costs | 14,693 | - |
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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WITCHES CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 11 Tangible fixed assets Cost Additions At 31 March 2025 Depreciation and impairment Depreciation charged in the year At 31 March 2025 Carrying amount At 31 March 2025 12 Debtors Amounts falling due within one year: Trade debtors Other debtors 13 Loans and overdrafts Loans from related parties Payable after one year 14 Creditors: amounts falling due within one year Notes Deferred income 16 Trade creditors |
Plant and equipment £ 2,133 2,133 427 427 1,706 2025 2024 £ £ 1 - 16,983 - 16,984 - 2025 2024 £ £ 85,266 - 85,266 - 2025 2024 £ £ - 500 7,030 - 7,030 500 |
Plant and equipment £ 2,133 2,133 427 427 1,706 2025 2024 £ £ 1 - 16,983 - 16,984 - 2025 2024 £ £ 85,266 - 85,266 - 2025 2024 £ £ - 500 7,030 - 7,030 500 |
|---|---|---|
| 2,133 | ||
| 427 | ||
| 427 | ||
| 1,706 | ||
| 2024 £ - - |
||
| - | ||
| 2024 £ - |
||
| - | ||
| 2024 £ 500 - |
||
| 500 |
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WITCHES CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
15 Creditors: amounts falling due after more than one year
| 15 Creditors: amounts falling due after more than one year |
||
|---|---|---|
| Borrowings 16 Deferred income Other deferred income Deferred income is included in the financial statements as follows: Deferred income is included within: Current liabilities Shown as deferred income on the face of the balance sheet Movements in the year: Deferred income at 1 April 2024 Resources deferred in the year Deferred income at 31 March 2025 |
2025 £ 85,266 2025 £ 500 2025 £ - 500 500 500 - 500 |
2024 £ - |
| 2024 £ 500 |
||
| 2024 £ 500 - |
||
| 500 | ||
| - 500 |
||
| 500 |
17 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 April | Incoming | Resources | At 31 March | |
|---|---|---|---|---|
| 2024 | resources | expended | 2025 | |
| £ | £ | £ | £ | |
| General funds | (33) | 60,277 | (130,209) | (69,965) |
| Previous year: | At 1 April | Incoming | Resources | At 31 March |
| 2023 | resources | expended | 2024 | |
| £ | £ | £ | £ | |
| General funds | - | - | (33) | (33) |
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WITCHES CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
18 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
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