C harity registration nuinber.. 249198
Danish Young Women's Christian Association in London
Annual Report and Financial Statements
for the Year Ended 31 March 2024

Contents
Refereiice and Admiiiistrative Details...................................
Trustee5' Repor(..............
Independent Audiioy's Repoit....
Stateinent ol. Fii)ai)¢ial Activities
10
Balaiice Sl)eet.
Notes to the Financial Slateinents............

Danish Young Women's Christian Association in London
Relerence and Administrative Details
Ch*rity Registration Number: 249198
PRtron-
Her Royal Highness Pi'incess Benedikie of D¢ninark
Pre5idenl:
Vacant
CustodiAn trustee:
The OtTicial Cuslodi8n for Charitie5
BoArd:
Mr S Rosenfalck (Chairl
fvlrs K Ivlaibom Rl (resigned l Januaiy ?0941
IT5 A Raill Iresigned I lanuliry ?0241
Mr F Kloster Poulsen Iresigiied l October ?0231
Ms TN, Bigbie
Ms M Moller
Mr K Hansen lappoinled 5 March 20241
Mr C Orlyk lappoinled 5 Mar¢h 20?41
Ms S Kenncdy lappoinied 5 Imarcli 20241
Mr5 A Biuun Iresigned l June 20231
Mr P Ahm ITreasuTerl
Warden:
C Y Jantzen
Address:
43 Mare5field Gardens
Hampstead
London
NW3 5TF
Auditor5:
Bourner Bullock
Chartered A¢counydnts
114 St ￿lartin'S Laii¢
Covent Garden
London
WC2N 4BE
Wtbslt¢'.
www.kfuk.¢o.uk

Danish Young Women's Christian Association in London
Tru5tees' Report for the Year Ended 31 March 2024
I. STRUC.TURE, GOVERNANCE AND MANAGEMEFIT
Gowerning Document
Tlie Cliarity is regkilaied by the Rules daied 14 March ?007 and Deeds of Trust dated 30 Seplember 1958 atid
25 Api'il 1966.
OrgAni5ational Strueture
The Charity is by a board of between five aiid nin¢ individuals who speak Danisli and live in England.
Tlie board el¢¢is the Chair. Vice Chair and Honorary Treasurer wnongist itself. The offices of Chair aiid
Honoraiy Ireasurei. canthtsi be Carried out by the same person.
Th¢ Danish YWCA in London is represented oil The Danish Chiirch Londoii's Comniitt¢e and the l'ector
Ipriestl al the same church is on the boaTd of the Danish YWCA.
The a5sociaiioD of Danskc Soemands- og Ldland5kirker IDSUKI, sn ¢unjunciion witli tlie board, ¢mploys a
Ward¢n who ovcr5ees tlie daily nionagcmet)t of ihe Chariry.
Since ?020, the Charity'5 propenies have been registered in Ilie name of The Offhcial Custodian for
Charities. This has two advantages..
tlie Charity is saved the expense of making the new deeds required when i15 holdin8 Irustec5 change.
there 15 no risk Ihai the Charity'5 land will reniain vested in people who are no longer involved with the
Charity and who Inay be dirficult lo trace.
The Official Custodian cannot take part in managing land vested in himlher. The Charity trustees keep all th¢
powers aiid duties of tTraDagement.
Decision Making
The principal prucedures of Ilie Charity are set out in the Governing Docuin¢rti. The Warden is in charge of
the daily mal￿geMen1 of ihe Charity and all other decision rnaking is vested in the board.
R¢truitment and Appointmtnt of New Trustees
The id¢n¢ilication of potential new Danish 5Ptaking trusiees is carried out by the board, lh¢ aiiii bein8 to
recommeiid for appointinertt those witl) exp¢rti5e appropriale to carry out tlie ChaTity'5 work.
Risk Assessment
The rnajor risks 10 which the Charity is exposed, as ideniified by Ihe Trustees. are regularly monitored and
systems have been established to miiigaie those risk5.
OBJECTIVES AND AcfiviTI£S
Object
Thc Danish YWCA is a branch of DSUK.
In conjunction with the Danish National Church and on Evangelical-Lui1iera￿ basis, it aims to spread the word
tsfihe Gospel and lo ei)courage young Daiies lo take part in Christian community lile among Danes in London.
Activities
'Fhis is achieved by ¢re4ling a Christian home, where young Danes can live and coiiie freely to seek adviee
and guidaiice. aiid by poin1￿118 Ili¢ni in ihe direction of the Danish Churcli in London.
The Charity holds a prLTiiary hostel al MaTesft¢ld Garden5 providing up to 60 beds. and lo flats with a view 10
letting these on a 5110rt-lel ba51S to postgraduate Danish %tudentS.

Publit beneflt
The Trustees confirm that Ih¢y have Lumpli¢d with thc requiremenis of seciioii 4 of the Charitie5 Act ?01 I to
have dLl¢ regard io ¢lie publiL ben¢fil kjuidaiice publislied by the Chariiy Cominission IL)I' Engiland and Wales.
3. ACHIEVEMENTS AND PERFORMANCE
Iii the Teceiil fiiianLial year, the hostel slarled to se¢ a new nornial in our occupancy. During the autumn ierm
the hostel was practically fiill followed by a spring) term with lower occupancy. We are sludyii)gi Ih¢se paiierns
105cly and try lo iise periods with Icss occiipaiicy 51Tategically in our plans for ilie fLilure in order to use oui.
capacity io Il)e IMaYTmum. The occupancy rate increased lo 67QA in av¢rdge l?023.' 61 Vul.
The Chariiy tswns 10 Studio flats th411 Laii b¢ rented by Danish siudenis ￿MporarilY on a Study vi51t in the L.K.
Tli¢ applications al'e reviewed by. aiid the flais are otTered by. a selection cominittee in Deiimark on ilie basis
of a sel of crilei'ia. lji the last round of applicaiions in May ?093, 53 students applied. Amotiy them 10 siudenis
were s¢l¢cied.
Since Brexil ha5 effectively changed thc conditions foi. youth i#obility between Dcninai'k and UK a new
sli'aiegy for the Charity was developed and approved by the board in August ?0?? The new strategy aim8 to
develop progi'ammes Ihal will attract young Daiiisli adulls to Iravel to London and slay al our hostel. We are
especially largetingyoung Dancs on a gap year, whom by tradition spend a year Iravelling ihe world io enhance
life and job skills before ¢Olllinuing 10 study. It) August 20?4 we are testing a new eontepl b¢ised on the Daiiish
idea of the Folk High School. IS young Danes will get thc chance to ¢xpcri¢n¢e the Danish Folk High School
Iradilion iii th¢ sei¢ing ofone of the most ¢uliurally div¢T5e cities in the world.. London.
In the past year we have had the great joy of involvin¥J volunieers in a large number. Aitsund 200 volunteers
have contributed 10 the c.harity throughout the year. 'I'he largest number of volunt¢er5 have been engatsyed in
the yearly Christmas Bazaar. A sinalleT number of general volunteers have supported in different ways lo the
daily running of the hostel. Helping wtth youth activities, preparaiion and seiwing of mea15. SUPPOrting.wcio1
life ainurtg ￿Siden1$ and contributing to Social Media content. Recruitm¢nt, coordinaiion, and 5UPPOrt of our
voliintcer5 ha5 high priority in the Charity. -I'hroughoui the year Ihe Charity has employed an average of 6
sraff.
The Charity s aim to be a 'home froin home., giving young Danes a warm welcome, a link to the Danish
¢hurcli. and a pleasant and safe place to slay or visit ai reasonable prices, 15 still our overall goal. Throughout
the yeai. we have offered many activities and eveiils to our own residenis and to Danish students and young
adult5 living c15ewhere in London. We believe we have an iihportant role &s a steppin8slone for Danish Youth,
irying to 5ertle in a big city and as a safety net for those who are in need for help and support. In 2023 we
worked diligent on ijnproviiig our skills and proeedures wiihin Sufr¥uarding.
A150, in ?093 we were able to hold OUT yeai'ly fundraiseT, thr Danish Christrna5 Bazaar. More Ilian 2,000
pcople visited Ilie ba7.aar during the lasi weekend in N'ovember. Ihe lormal orgaiiiLer ofthe bazaar 'FTieiids
orth¢ Danish YWCA. managed 10 raise £38,300 foT the Danish YWCA.
The link ¢0 Ihe Danish ChuFch in London is made clear to all occupants and the opportunity ¥iven to jointly
take part in the Sunday service and other religious and tradiiional holidays throughout (lie year.
In ihe past year OilT long-5eTving chair Karen Maibom and vice chair Anne Kaill 5teppcd down from their rol¢s
after rnany years of service to Ihe Charity. The board was niade aware of their resignation in gix)d IiTne and
was able to rg¢ruit ? new metnb¢rs of ihe board. The new members were coopted in IMar¢h ?024 and will
formally be ele¢led at the AGM in June 2024. A rhew Chair Stttn Rosenfalck was elected as well as a vice
Chair in Peter Ahill. A150, the fornier pastor of the Danish Church in Lviidun st¢pp¢d down froin the board and
was replaced by his successor. A fourth menibcT of the committee ￿signed ill May 2023 due to her planned
Telurn to DentnaA(.
4. FINANICAL REVIEW
Policy on Rt5ervt5
The cosi of prvviding the facililies io youn¥ Dane5 in London is funded for the greaier part fioni the rental
ii1LoiI)e received willi ally shortfall inet by drawing froiii res¢iv¢s. provided Ihat Ili¢ value of the reserves is

iiot (liiniiii91ied Iiiidiily Ilius eiisui'ing the 5usiainability ofihe Charily.-fhe Cliarity aims lo have cash re5evve5
of appruxinialely £50,000.
As detailcd in noie 14 of the financial stateiiienis. during Ihe year, Ihe Trustees liave reviewed tlie fund5 held
by Ilie Cliarity. This inLluded a detailed review of reslricled funds, aiid desi¥naied fuiids.
As of31 March ?0?4. total unresiricled flind5 anioiinted to £.7,054.5?6.
Within unreslricled funds. tlieit are dLsig*nated funds of £?,849,18
whicli is Inade up of £2.544..100 prop¢rry.
£41,467 Fixiures and Fittings and £304.879 of funds held io cover future maiiilenaiice ¢0$15 of the buildiiig.
£?05,345 reiiiaiiis iii general unreslricled fund5. In line witl) lh¢ reserves policy, Ihere were iio restricted
reserves as al Iht yeai" end.
The Trusices coiisider that IheiT fit¢ reserves would allow thein 10 Colilinue Iheir aciivilies to meet iheir
Chai'itable objectives foi. a period of appro.¥imaiely 3 months. should Iheii- incoining resources d¢ii'¢ase
sigilifiL￿nIIy. However. oilier SOLirce5 of ¢m¢r¥)eii¢y fuiiding can be considei'ed including donations froii)
cotnpanits 5ympaiheiic 1¢> Ihe objective5 ofilie Charity and realluialin¥ iht Desigiialed currenl asset5.
Financial Summxry
The iiicome during the year amounted to £485 17512023.. £429.02?).
The hosiel's r¢ceipis iiicreased lo £278,19912093.. £253.4531 reflecting a 67°/012023.. 610/•l octupancy rate.
Total expendilurc amouiiltd to £554,681 lin¢luding exceptional items) IY023'. £444,114) with ￿0n¢11tatIOn
of business raies and council taxes togeiher with %alaries and cosi of living increasrs being the main reason for
these changes.
Ri$k$
The trustees have carried out a Risk Assessment for the Charity in general, for management of our main
building, for Staff Mi anageinent aiid for Safeguarding. The risks identified below are the o¢)es ¢on$idered the
osl 5ignifJ¢anl from the risk register.
BREXIT
Brexit continues ro pose a challenge 10 the operaiion of the Charity both in terffls olthe ability lo rEGTUIt btaff
rrtsm Denmark due lo difficuliLe5 Qbiatning visas and also in relation lo tht curTent1o¢k of youth mobility.
FOREIGN EXCHANGE
Whilst the visitors to the hostel are fi'om Denmark, as the Chariry largely operate5 in Sierling, wilh all rental
income and h051el receipts beinuy in Sterling, Ihe iiusiees do not consider (he C'liarity to be significantly
exposed to the effects of fluctuating ¢xrhartge rates as il has been seen in the ￿st yeaT5.
ENERGY COSTS
The Charity hhs eoniinued lo mitigate the peak of eneTgy prices during the year by an earlier 3 year lock-in
with a major supplier. This 3 year terin conLludes iii the middle of Ihe ne.xt financial year so furtlier options
have been ¢ot)sidei'ed to avoid similar spikes in eiiergy prices. 'fhe Charity has also tsken steps lo rcduce
¢onsllmplion includiiig the opiimi&qlion and decommissioning of htst water ianks.
COSI. OF LIVIN'fi CRISIS
Like the rest of swiety. the Charity is facing increased prices oij alinost all expenses relatiiig to the day.to-
day running of the business. Most significant 15 IhE pri¢¢ of food which by the start of this financial year had
lll¢reosed by ?OYo Co[np￿t￿ lo previous years bul has since gone dowii to an av¢rage of 70/0 during the last
year. Since providing of breakfast and oilicr mea15 are a ¢OTe service for the hostel. significant increa5e5 like
Ihes¢ ¢an lead to a challenge in keeping to the budget iii ihis area.
STAFF
The itnmigraiion law5 following Brexit have effeclively made it impossible to hire non-skilled worker$ 10 our
Charity from Denmark as has been praciised for many years. wh¢ir young Dancs woiild work half R year for
the C-harity. At the same time, Should we wtsh 10 employ local sraff. this ha5 pruved lu be vtry diificult bcLau5e
of a lack of workforce in the h05pi¢aliiy se¢ior in London. The siaff situation ul the Charity is therefore

vulnerable with fewer staff lo caiyy out the day-to-day work al the hostel, where occupancy is expected io go
up iii Ilie coming years.
BL'SINESS RATES I COUNCIL TAX
rollowing a recominendaiiun froiii previou5 audi15, Ilie boai'd liave iTivesligaied the requir¢men¢s for paymeni
of Business Rates instead of previou%ly advised Council Tax. Contact was niade with Camden Coun¢il aiid,
following di.%cu%sions, reviews aiid a visit 10 the hostel. the Valuation Office have provided input to Cainden
Council. The Council hdve th¢refoi't issued Busincss Raiescalcularions up to date and the ChaTsty have applied
for rtpayikneiii of Council lax over the sanie period. The n¢1 ijnpa¢i to the Cliariiy 15 nul considered material
and is likely 10 See a rediiction in costs for ilie next fiiiancial year. Tliis i-isk 15 theitfure c0115idered closed.
5. PLANS FOR FIJTIJRE PERIODS
A budgei for the FY24125 was approved by tlie board in the first quarter of ?0?4. The trusttts expect Ilie
occupaiicy lo inciease furihei. in Ihe coininbyear bLlI liave still an ungoing focus vn conti'ollingT operatiiig costs.
Buildiiig iiiainlet)aiice of Ilie various buildings Is again a p¥ivrity foi- the Charity in order to make sure Il)ai our
properties are well maiiilained and iiicet the legal I'equireiiienls.
A new sirai¢gy for 2023-25 is in place and focused on how lo attract young Danes on a gap year to a short
tei"m stay in Lon(loii and al the hostel by providin&? alternative ways to en¥age irt society e.g.. through
volunlai'ily work in Brit15h charities.
The trustees plan to organist tlie regiilar c.hristmas Bazaar again tlii5 year in close cooper8tton witli"Frieiids
ofthe YWCA"

Danish Young Women's Christian Association in London
Trustee5' Report for the Year Ended 31 March 2024
Statemeiil of Trustees. responsibilities
The tr115tees are r¢5POll5ible for p￿Paring the Annual Report and the finaiicial staleinenls in accordance with
applicable law and regulations.
The law applicable to Charities in Enbjland & Wales requires ihe Irusiees io prepare fijiancial stslemenls for eacli
rinan¢ial year tn accordance wilh Uiiited Kingwdoin Generally Aecepled A¢couniing Practice (United KingTrdoin
Accouiilingw Svdn(Idrds and applicable lawl.
The trustees niust not appiDve the finan¢i41 sratements unless they are satlsfied that they give a true and fair view
of Ilie slate of affairs of thc charity and of the incoming resources and applieaiion of resources. including tlie
income and expenditure. of tlie charity for thai period.
In prepaTing these financial slatemenls, the tru5tee5 are required 10:
al select suitable accounting policies and apply them consisienily:
bl observe the methods and principles in the Charities SORP,.
¢1 make judgm¢nls and accounting estimates that are reasonable and prudent,.
dl slate whether applicable UK Accounting Standards hav¢ been followed, subject lo any material
departures disclosed and explained in the financial statements.
¢1 prepare the financial statements on ihe going coneem basis unless It is inappropriate to presume that the
charity will continue to operaie.
The trustees are re5pon5ible for keeping sufficient accounlillg records that disclose with reasonable accuracy at
any time the financial p051tion of the ¢liarity and enable them to ensure that the financial statement5 comply with
the Charitie5 Act 2011, the Charity IA¢¢ounls and Reports) Regulations ?008 and thc provision5 of the trust deed.
They are a150 re5POll5ible for safeguarding the assets of the charity aiid hence for taking reasonable step5 for the
prevention and detection of fraud and oiher irregularities.
In g) far as the trustees are aware..
thei'e is no relevant audil information of which the charity's auditor is unaware- and
> the trustees have taken all steps ihai (hey ought to have taken to make tliemselves aware of any relevant
audit it]formation and to establish Ihat the auditor is aware of that it)formation.
Approved by the Board of Trustees and signed on ils behalf by..
S R05enfalck
Date..
..It.. 0¢.: 7tsT.¢+.....

Danish Youn% Women's Christian Association in London
Inclepenilent Audit()r's Report to the trustees Df
Danish Young Women'5 Christian Association in Loiido
Qpinio
We have audited the tinancial 51at¢nieiit5 of Daiiisli Yotiii¥ Won)eii's Christian Associalioji in Lo¢idon (the
'eliai'ity' I foT the yeaT ended 31 March ?0?4 which coinprise the Slalement of finaiicial ActFvttie5 and the Balanee
Sheet tuid notes 10 the fiiiancial statements, incliidiiig a sunimary of significant accounting policies.'I'he financial
reportin¥ framtwoi'k that has been applied in tlieir preparaiioii is applicable lai¥ and ljniied Kingdoni Accounting
Standaids, inLludingi Financial Reporting Siaiidard l O? ThL. Fin(iiiLi(Il Rep()i'iing SiÉiii(lui.d (Ipplic'aljle iii ilie IJA
giiicl R¢piibliL' nJ'li'vl(IlFd (United Kiiigdom G¢nerally Accepted Accoujiling Prd¢ti¢¢l.
In our opinion, the financial staieinents..
iv¢ a Iriie aiid fail. view of the slal¢ of ihe ¢hariiy's affairs as al 31 March ?094 and of its in¢oniing
resouTce5 aiid application of iEsoiirces for the year Ilien ¢nded..
havt been piDperly prepared in accordance with Ulliled Kitigdoin Generally Accep￿d Accouiiiing
Pra¢lie¢: and
have been PTepared in accordance with Ilie requii'emenis ol'tht Cliaritie5 Act 2011.
Basss for oplllion
Wc conducted our audit in accordance with International St8nd&rds on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those staiidaTds air furtlier described in ilie Au(litor'5 ie5pon5ibililie5 tor ilie audit
of the financial Slaletnent5 ￿CtIOn of our report. We are independent of the cliarity in accordaiice with ili¢ elht¢al
Irquirenients that are relevant to our audTt of ilie financial slaieiiiejils iii tl)e UK. iii¢lu(ling the FRC'S EthiLal
Slartdjrd. and we have fiilfilled otjr othei. ethical responsibilitie5 in accordance witli these ￿qUirementS. We
believe Iliat ihe audit evidence we have obtained is 5urricient and appropriaie lo provide a ba515 for our opinion.
Concluslons r¢latlng to goin¥ cotkeer
ltt auditing thc financial stateinents. w¢ have ¢oncluded that the trustees, use i)f the going cottcern ba515 or
a¢couniittg in the preparation of the financial statements is appropriate.
Based oli the work we have pei'fom¢d, we have not ideniifjed any material uncertainties relating to even15 or
conditi011S that. individually or ¢olle¢lively. may ca%t sigiiificant doubl on the ¢liarity's ability to coiilinue as a
>oing conLern for a period of ai loasi twelve months from when the financial statemenis are auihorised for issue.
Our re5ponsibilitie5 and the responsibilities of Ihe trustces with respect to goin¥ Concern are des¢ribed in the
relevant Sections of ihis report.
Other Informxtion
The other information compris¢5 tlie infonmation included iji ihe annual repoTI othcr than the fiiiancial slalemenis
and our audktor's i'eporl Ihereon. The trustees are re$pon5ibl¢ for the oilier information coniained within the annual
report. Oui. opinion on the financial slatenients does not ¢over Ihe oiher inforination and, ex¢epi io the ¢xlent
oilierwise e.%plieiily slated in our repori, we do not express any forin of assuranLe conclusion thereon. In
l￿nn¢¢I10n willi our audil of the fijiancial slatemenis, our respon5tbility is to read the other inforniaiion and. in
doÉnuTr $0. consider whether the other information is rnatertally inconsistent with the financial statemenis OT our
knowledge obtained in ihe audit or oiherwise appears to bc materially niisstaied. If we identify such material
n¢onsistencies or apparent material misstatements, we arc required to detemine whether ih¢re 15 R material
misstatemeni in the financial statcinent5 or a material rnisstaiement of the other iiiforinalion. If, based on the work
we havc performed, we ¢on¢lude ihat there is a material misstatement of this other infoTmation. we are required
to report that fact.
We have nothing io report in this regard.

Danisli Young Women's Christian As50¢iation iji London
Independent Auditor's Report to the triistee5 of
Danish Young Wnmcii's Chrislian Ass(ILillti()n in London
Mattors on whleh we are required to report by txc¢pllo
We have noihiii&> lo rewn in re5pecl of the following Inati¢rs in relation io which the Charities (Accouiits and
Reports) Regulations ?008 require lis to report ¢0 you if. 111 OUT opinjon:
stateinents; or
surricieiii accouiiting records have not bten kept.. ov
tlTre fiiianclal slatenienls are not in agi'ceii?ent witli tlie accountingi record5 1£ nd Teturns. or
we have nol Irceived all tli¢ infoi'niaiion ané e.xplanaiions w¢ require for our audit.
Rtsponsibilitits of Iru$lee.s
As explained moir fiilly in the (rustees, re5ponsibilthties stateillent Set out on pabje 6 fhe irusttes ale responsible
foi- Ilie preparaiion of rhe financial staternenis and roy beiiig satisfied that Ihey give o true and fair wiew, and for
such internal contiN)l as ihe tivsiees determine is nccessary io cnable the preparation of fiiianLial statemenis thai
are free froin material misstalem¢nt, whether due to fraud or crior.
Iii prep&ring the financial 51atemeDt%, tlie trustees are responsible for assessing the cliarity'5 ability to continue as
a going concem, disclosing, as applicable, rnatter5 related lo goin¥ ¢vn¢ern and using the going concern basis of
accoiinting unless the Iru51ees either iniend io liquidate the charity or to ceh5e operations, oi. havr no realisti
altei'nalive bul to dv so.
Auditor'5 re5p0115ibilitles for the xudit of the finxNciAI 5tmte￿elltS
We have been appoinied as auditor under section 144 of the Chaiili¢s Act 2011 and report in accordance with the
Act and relevan¢ regulations made or having effeci Ihereunder.
Our objectives are to obtain reasonable assurance about whether the financial stateEllentS a5 a whole are fTee from
niaterial Inisstateillciit, whether diie to f12ud or error. and to Issue an auditor s report thai in¢ludes our opinion.
R¢asonabl¢ assurance is a high level of assurance. bul is not a guarantcc that an audit conducted in accordance
witll ISAS IUKI wtll always dele¢l a material rnis5tatement when Tt exists. MisstaÉemenis Can arise from fi?ud or
error and are considered material if, individually or in ihe aggregate. they could Irasonably be expected to
influeiice the econoii)ic d¢cisivDs ofusers taken on tlie basis of Iliese financial stateineni5.
The extenl to which tsur procedures are capable of detecting irregularit1¢5, including fraud is ddail¢d below..
Irregularities, including fraud, are instance5 of non-cornpliance with laws and regulations. We design procedures
in line wilh our responsibilities, outlined above, 10 del¢¢¢ maierial misslaleinents iii respect of irregularities.
includEng fraud. The ¢xien¢ to which our Procedures are capable of detecting irregulartiies, in¢luding fraud is
detailed below.
Dis¢u5S10115 Wlth and enquiries of Inaiiagemeni and those charxed with governance were held with a view to
identifying ihose laws and regulatLOll5 that could be expected lo have a material impact on the financial statements.
DuTlllg the engagement team bricfing. the outcomes of these discussions and enquiries w¢r¢ shared with th¢ team.
as well as consideration as 10 wher¢ and how fraud inay occur irk the entity.
The following laws and regulalions were identified as beiiig of 5ignif1cance to the enlity..
Those laws and regiulalion5 con5ider¢d to have a direct el'fecl 01) the fitiancial statenients include UK
riiiancial reporting iegulat10115. Employment law. pension law, distributable profits legislation, and
ChHriti¢.s A¢¢.
Those laws and regulations for which non-compliRnce tnay be fundamental to the operating aspe¢is of
Ihe bu%inc5s and therefore may have a material effect on the fiiiaNcial statements includiiig health and
safety legislation.

Danish Young Women's Christian Association in London
Independent Auditor's Report to the trustees of
Danish Young Women's Christian Associdtion in London
Audit procedure5 undertakeii in response lo tlie potential risks ¥elalinb to irregulariiies Iwliivh include fraud and
noii-coiiipliallce witli laws and regulatioiisl coniprised of.. enquiries of managein¢iii and iliose charged with
govemaiice as 10 whether the eiility complies with sucli laws aiid I'egtjlaiions,. enqiiiries with the same conceming
any actual or potential litigation or claims; inspection ofrelevani legal correspondence: ieview of board minute5',
lestiii&> ihe appropri4teii¢s¥ of jvui'nal entries., and Ihe perfoi'niaiice of analytlLal review lo identify unexpected
11)uveJi)¢nis in acLOUllI balaiiLe5 wliicli Imay be iiidicalive of fraud.
No in%tances of Inatei'ial non-coinpliaiic¢ wei'e ideiilitied. How¢vcY, the likelihtsod of detectiiig irr¢gLtlarities,
onti'o15, and Ilie nature, tiinitiB and ¢xleiil of tli¢ audit procedures p¢rforni¢d. Ii'rebjularilies that result fi'om fi'aud
niighi be iiiheretitly more difficult lo deiecl Ilian irr¢gulariti¢s ihar resuli from ei'ror. As explained above, tlier¢ is
an unavoidable risk thai material nii5slalemenls may not be detected, even though the audit has b¢¢n planned and
perforined in a¢cordan¢e with ISAS IliKI.
A further description of OUT responsibilities for the audit of the financial statem¢nls is locaicd on the Financial
Ilep¢i1ing CoJn¢il's website ai.. https'.Ilwww.fr¢.o¥g.uklauditor5resptsn5ibilitie5. Thi5 description fomis parl ofour
aiiditor's report.
b$e of report
This report is niadc solely to tlie cliarity's trustees. as a body. in aecordance wttli Part 4 ofihe Cliarities IAccounts
and Reports) Re(PLilation5 2008. Our audit work has been ilndertaken so that we mighi state to the charity s trLlStee5
diosc matter5 we are rcquired to Stale to rhem in ati audtior's repon and foi. no other puipose. To tlie fullest e.xtent
perniitted by law. we do iiot accept or assuine responsibility io aiiyL)ti¢ oili¢r than Ilie charity and tlie Lharity 5
trustees a5 a body. for oui. audit work, for this report, oi. for the opinions we have forined.
Ru55ell Joseph ACA (Senior Statutory Auditorl
For and on behaifof Bourner Bullock. Statutory Auditor
Chartered AcLountrants
114 St Martin's Lane
Covcnt Garden
l.ondon
WC2N 4BE
Date..

Danish Young Women'5 Christian Association in L(Indnn
Statement of Financial Activitics for the Year F.nded 31 March 2024 (including Iiicome
and Expenditurc Account alld Statement of Total Rccognised Gains and Losstb)
Unre$trl¢l¢d
fund5
2024
DeslgNAted
funds
2024
Totlll funds
2024
Total funds
2023
Not¢
Intome from
Donations
Charitable aciivitr¢s
Other tradiiig activities
Investments
12.976
357.46?
7,927
6,910
11 ?,976
357,46?
7,927
6,910
93,149
i31,316
3,576
981
Total In¢oiMe
485.275
485,275
429.022
Expenditure on:
Charitable aclivilits
443,305
80,232
80,232
523.537
444.134
Total Expenditure
443,305
523,537
444,134
Net incomel lexpenditurcl before
exCept￿o￿al items
41,970
180.2321
138.2621
Les5 exceptional itein5
31.144
31,144
Net incomel lexpendilurel after
exceptional itenis
10,826
180.2321
169.4061
Gros5 Iraiisf¢r between funds
13,0871
3,087
Net movtyn¢ni in funds
7.739
177.1451
169,4061
Reconciliation of funds
Toial funds broughi forward
14
197.606
2.926.327
3,1?3,933
3,139.045
Total funds ¢airied forward
14
205.345
2,849.18?
3,054.527
3,123.933
All of the cl)ai'ity'S artivities derive froiii ¢oniiiJiiitkg operations during the period.
io

Danish Young Women'5 Christian A55ociation in London
(Charity number: 249198)
Balance Sheet as at 31 March 2024
2024
2023
Iyote
Fixed Assets
Tangrible fixed assets
Inve5timen15
2,585,768
?,661,443
Current It55et5
Debiors
Cash at bank and in hand
12
?9.713
502,467
53? 180
497,799
509,988
Creditor5: Amounts fHlling due within one yeAr
13
163,4441
147,5211
Net eurrertt AS5et5
468,736
462.467
Net asset5
3,054.527
3.123.933
General unre51ricted funds
Designated unrestricted funds
14
14
205,345
2.849,182
197,606
2,926,327
Total funds
3.054.527
3,123,933
The financial staternents were approved by the Iru51e¢s. and authorised for issue on .1?.. L)&: "L.ltr. and signed on
their behalf by..
S R05enfalck
li

Danish Young Women's Christian Association in Lon(Jon
Notes to the Financial.Stxtements for the Year F.ndcd 31 March 2024
l Aeeourlting pollcles
Summary of significant accouTrting ptslieies irtd key #crounting e5tiTllate5
The principal accounting policics applied in the pitparalion ol'ihese fiiiancial statenients are set out below. l-hese
policies have been cnnsistciitly applied to all the yeats presented. Iinle55 Otherwi5C Staled.
Basis of Iirep#r*tion
The fiiiancial 51aleiiieii1s have bEen prepared in 2ccoYdan¢e with 'Ac¢ouiiling and Reporting by Cliaritie5'.
Stateineiii of Recoininended Practice applicable 10 f.haritie5 preparing Ilieii. accounts iii accordaiice willi the
Financial Reportin(t Standard applici¢ ble in the LiK and Repiiblic of land IFRS 1021 (Second Editionl- and Ihc
Financial Reporting Standard applicable in the Liiited Kingdoni and Republic of Ircland IFRS 10?) and the
Charities Acr ?0 I l and UK Generally Accepted Practice as it applies from l Jatiuary ?019.
The finaiicial stalement5 liave been PT¢pared to give a 'lru¢ aiid fair- view aiid l)8ve departed fyoim th¢ Cliai'ities
(Accouiits and Repoitrl Regulations 2008 only lo the ekteiil requircd ta PTovidc a 'truc and fair view,. Tliis
departuiE has involved following 'AccountiiigT and Reportiiig by Charities.. Slatcmcnt of Rccoiiimcnded Practice
applicable to ¢harities prepai'ing iheir account5 in aLcurdance witli the Financial Reporiinu Standard appli¢able tn
Ilie LIK and Republic of Ireland IFRS 1021 (Second Editioiil, ratlier tliaji the Accounting and Reportin¥ by
Charities.. Statement of Re¢oii)mended Pracliee effective from l April ?005 which has since been withdrawn.
Danish Youiig Women'5 Christian Asso¢iaiion in Ltsndvn meeis ihe definition of a public benefit entity under
FRS 102. Assets aiid liabilities are iniiially reLogniged ai hisioti¢ Cost oi. Iiansaciion value unlegs oihei'wi5e stated
in the relevant accounting policy notes.
Coing contern
The financial statements have been prepared or) a going ¢oii¢ern b&5is. The trustees as5¢ss whether the use of
going coneern ts appropi'iate i.e. wlieilier there are any IT]aterial uiicertaiiities related to eveiits or conditions that
may cast Slgnificaftt doubt on the ability of the c.harity to continuc as a going conc£rn. The Iruslees make this
a5sessinent in respect of a pcriod of one year fTom the date of approval of thc financial siatemcnts.
CharitAble funds
Unresiricled funds are general funds Ilial air available for use at the trustees, discretion in furtliei'ance of the
objeclives of ihc Charity.
Designated funds are funds whi¢h the Iruslees have sel aside as explained it) the notes 10 Ihe accounts.
Resiri¢ted funds ar¢ subject to specific eundilions by donors as to how they may be used. The purposes and uses
of the restriclcd fund5 4tir sei out in the notes ro the accounts.
Income
Trff£lliig lii¢oii
Trading incoine relates to funds r¢¢¢ived from fundraising events and room hi￿, a¢¢ounled for in Ihe period to
which they relate.
liii(iiigiblg iiicfjiiie
Doiiated professional service5 and donated fa¢iliiie5 are recogni5ed on the basis of the value of Ilie gift (o the
charity which is the amount the charity would have becn willing to pay to obtain services or facilities of
equivalent economic benefit on the open tnarkei. a corresponding amount is then recognised in expenditure in
the period of ieceipi.
Chfirillible iicliviiles
Charitable activities relate to hostel receipts and rental in¢ome and are accounted for in the period which they
relate to.
Donuiloiii
Voluntary iticome includinkj dona110115, gifts and giants Iliat Provide funding are recogni5ed when the Charity
has ert¢itleinent 10 Ihe income, it is probable that Ilie inconie will be received. aiid Ilie ainount can be rn¢asur¢d
with sufflcieni reliabiliry.
12

Danish Young Woinen's Christian A?isociation in London
Notes to the Financial Statements for the Year Ended 31 March 2024
Expendltur¢
All expendiiure is reco¥nised OllL¢ there 15 a legal or c0115¢ruLlive obligation to ihat e.xpcnditure. it is probable
5ettlenieni Is required and the amount can be m¢asured reliably. All costs are allocated to ilie applicable
expeiidiliiir headiiig tliat aggi'egale sijiiilai. eosls to that caiegory. Wliere costs cannoi be direiily attribuied to
particular headiiigs Ihcy liave bcen allotaied on a basis consistent with ihe ￿￿e of resources, with c¢iilTal slaff c0515
allocated on ¢lie basis of time speiii, and depreciation charges allocatcd OM the portion of tlie asset's Lise. Otlier
SUPtM)rt cosis are allocaied based on the spread of staff costs.
ChgrllAble exyenditure
Chai'ilable expciidilurc coiiiprises those ¢osts inturred by Ilie Chariiy in Ihe delivery of ils aclivili¢s and 5¢rvice5
foT lis beiieficiarie$. li incliides both ¢osis that can be allo¢ated directly to Such aclivitTe5 and t1105e costs of an
indire¢t nature necessary tLI SUPTK)rt Iliem.
Support ¢ost$
Support costs include centi'al functions and have been allocated lo £ctivily cost categories on a basis coNsisl¢ni
willi ilie use of resources, for exainple, allocating property costs by floor 2reas, or per eapila, staff ¢osts by the
time spent and other costs by their usage.
Governgnce costs
These inLlude Ilie costs atlributabl¢ to the Cliarity's ¢omplian¢¢ wilh ¢ons¢itutioiial and siatutory reiEuirements.
including audit, strategic management and Trustees, meetinx5 and reimbursed expensE5.
Tanglble flx¢d 4SS¢t$
Properly, plant and ¢quipmeni are measured at ¢osi, nei of depr¢cia¢ion and any impairnienl losses.
Tangible fjxed assets are slated at tosi 1¢$$ d¢pr¢¢i#iion. Depre¢ialion is prvvided al rates calculated to write off
the cost less ¢slimated r¢sidual value of each asset over lis expe¢ted Useful life, as follows..
Fixtures, finings and equipment
Leasehold flats
Freehold pioperty
5 to 15 years straight line
50 years slraighi line
20 10 50 ytars 5traFghi line
Investmenis
Fixed asset investments are shown at cost le55 provision for impairment.
Financial in5trurneTr¢5
The Charity only enter5 into basic financial inslruilleni transactions that resuli in the reco¥nÈtion of financial ass¢ts
and liabilities like other debtors and ¢rediiors and loans froin related parties.
Financial asseis Ihai are measured Ai ¢osI and amoriised cosi ale assessed al ihe end uf tach repurting period for
objective evidence of impairinenl. Ifobjeciive ewideDre of impaii-ment is found, ati iinpairtnent loss is recobjiiised
in profil or loss.
Financial asscts and liabtlities are offset and tlie net amount reportcd in the Balonce Sheet when ihere is an
enforceable ri¥Jlit to sel off the recognised amounts and tliere is atl intention to serrle on a nei basis or to realise
the asset and settle the liability simultaneou51y.
The charity doe5 not have anything other tlian bhsic financial instrumethts.
Deblors
Othcr debtOTS and cash are iniiially measured ai settlement amouni due after any di5CQUlIt5 offered. Prepayments
re valued at the amount prepaid, net of aiiy discounis.
Finatlcial assets are ¢lassifie(l a5 receivables within one year and are noi amorli5¢d.
13

Danish Young Women's Cl)ristian Association in London
Notes to the Finallcial Stutements for the Yeur Ended 31 March 2024
Cmsh #nd ¢J)sh equlvalents
Casli aiid ¢asli equivalen15 coinprise cash on hand aii(l ¢all deposits, and oiher shoi-i-ierm hiujlily liqui(l inveslineiiis
Iliat are readily coHvertible lo a known aniount of cash and are subject to an insignificant risk of change in value.
Creditor5
Trad¢ creditors are obligiaiions lo pay for goods or services that have beeii 8¢quired in the ordinary couise of
business troni siippliers. Accounts Wdyable are classified as curiEnl liébiliii¢s if tlie Chariiy does noi have an
ytILondilional I'ighi. ai Il)e eiid ofihe reporting pei'iod, lo defer seitleinenl of the creditor lorai l¢asi twelve month5
a(tcr Ilie repoi1iiig dale. If there 15 ali unconditiot)al right lo defer settleni¢nl for at least twelve Inoni115 after the
reporting date. they are pi'c5ented a5 non-¢urrent liabilities.
Trad¢ ¢redÉiors are re¢ogtiised initially at the IransactÉoii pi'ice and 5ubsequ¢ntly Measur￿ at am011ised cosi using
the etreclive interesl method.
Foreien curr¢n¢y tr11115ACtions #nd bilAnees
Transact10115 denominaltd in foreign currencies #Te recorded a( the rate ruling at the date of the transactioti.
Monelaiy assets and liabililies denomtnaled iii fur¢igpn currencies are translaled into sierlin¥ at the rates of
exchange ruling al the balance slie¢l dal¢. All diff¢reiic¢5 ar¢ included in net mov¢ill¢iils in fuiids.
Judgernents And key source5 of estimation uncertalnty
In the appliLarion of lh¢ charity's a¢¢oiinling policies. the Iriisiees are re(iuii'ed lo mak¢ judgements. estimaies and
assumptions about the carrying 2mouiit of assets and liabilitie5 Ilial are not readily appareiii from other sollrces.
'I'he estimates and associated assumptions are based on historical experiencc and other factors thal are relevant.
Actual results may differ from these estimatC5. Thc estimates and underlying assumptions are reviewed on an
ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate is revised
where the revision alfects only that period, or in the period ofthe revision and fulure periods where the revision
atyecis boili curreiil and future periods. The trustees consider Iliat depreciation has been a signilicani jud¥em¢nl
and key sour¢e of estimation uncertainty in the year.
Depreciation= The coinpany depreciates its asseis over their esiimated useful economic life. The carrying
amount of r￿ed assets at the year end is £2,585,76812023.. £?.661.4431.
14

Danish Young Women's Christian Association in London
Notes to the Financial Statements for the Year Ended 31 March 2024
Inconie from donations
TolAI
Unrestricted
TotAI
2023
2024
Fiiends of Danish Young Ivoineii's Clirtslian Assoeiation in Loiidon
Other donations
38,314
?6,99?
66,157
93,149
Includcd within otherdonations are geiieral donations. a5 WCII as amounts IEceived from Danish Qhurchcs Abi'oad.
A Corresponding expense has been included within staff cost5. in noie 7.
Charitable artlVFties
Total
Unrestricted
funds
2024
Total
2023
Bed and breakfast
Other meals and laundry
Renial in¢ome
257.978
20.?21
79.263
357,462
234,470
18,983
77,863
331,-116
Other IrAding Hctivities
Total
Unrestrieted
fulld5
2024
Totil
2023
Fundraising event
Sundry in¢ome
6.372
2,985
591
3,576
7,927
Inv¢5tment income
TotAI
Unrestricted
fund5
2024
Tot#1
202J
Interest receivable on bank deposits
6,910
6,910
981
981
15

Danish Young Women's Christian Association in London
Notcs to the Financial Statement4 tibr thc Year Ended 31 March 2024
Expenditure on chgritable A¢tivitie5
Unre5trl¢ted De$ignAted
funds
fund5
2024
2024
'I'olal
2024
-rola1
2023
Siarrcosts
Provisions
Repairs and iiiaintenance for liost¢l
Repairs and maintenance for flats
Insuraiice
W2t¢r rntes and eouJi¢il tax
190,235
37,430
190,?35
37,430
43.600
26.385
11,8?5
1.520
17,372
13,246
144.583
39.?97
26,385
11,8*5
11.5?0
17,372
13.246
11,768
13,950
7,361
2,060
11,639
6,500
1.600
Gas and elcctricity
Equtpment and repairs
Other cosis
Linen and laundry
Telephone
Internet
Newspapers and subscriptions
DepTeciaiion of fumitUTe And fittings
Depr￿latI￿rt of building
Depreciatioii ofica5¢hold fla15
IPr¢fitVlos% ort di5P05al of fixlures and fittings
Garden maintenance
Allocated support costs Inoie 6.11
Allocated governance cosis (note 6.11
To¢al
24,288
9,731
2,841
684
24,288
9,731
2,841
684
2,?40
5.8?]
28,650
51,582
340
2.212
33.536
491
6.063
?8.595
51.582
5,8?1
28.650
51.582
340
2,212
33,536
2.247
39.551
7.960
444.134
443,305
80.232
523,537
Analysls of govern9￿¢¢ yupport costs
Support
Costs
Governanee
costs
'rot#l
2024
Bookkceping fees
Printing and stationery
Postage and carriage
Marketing and advertisin¥
Recruilinent
Il. and software cosis
Audit and accountartcy fees
Bank charges
PIDfessional fees
Total
6,000
265
1.365
35
847
7,913
6,000
1,365
35
847
7,913
8.748
8,364
33.536
8.748
8,364
41.654
16

Danibh Young Women's ChYis¢ian Association in London
Notes to the Financial Statcment5 for thc Year Ended 31 MarLh 2024
Exe¢ptlon*l 1lem$
TolAI
Ilnre5tricl¢d
funds
2024
Total
2023
Exceptional il¢tns
Exceptional items comprise tsne-off payinen15 of bu5iiiess roles fix>m ?017 10 2023. The tru51ees have confiTmed
willi th¢ local council ongoing paymcnls iii relation to fuluir bu5iiies5 rale5 and tlierefoT¢ the trustees do not
expect aiiy additional ex¢eplional paymenis.
Truste¢s remunerAtion and expense$
No rrustees, nor any persons connected with them, have received any remuneraiion from the charity during the
year.
No trustees have received any reimburs￿ expenses or any other bettefils froin the rharity during the year.
Staff numbers
The aggregaie payroll costs were as follows..
Total
Unyestricted
fvnd$
2024
Total
2023
Wa8es and salaries
Social security costs
Employcr contributlolls to defined ¢onirtbuiion pension %hemes
Total staff costs
184,1?7
66?
5,446
190.235
139.753
4,830
144.583
The average trtonthly head¢ovnt employed by the chaTity dui'iiigT tlie year was as follows..
2024
2023
Support Staff
Seconded employees from Dantsh Churches Abroad
Total
One employee is seLx)nded from the Dat)i5h Cliur¢hes Abroad, 10 assist with running ihe ehariry. Included within
oiheT (Ivnulion5. and siaff Losts, are corresponding ainount5 to r¢coTd the ifjtanBible income aiid expense for th¢
LOSts relaliiig lo Ilits 5¢cond¢d employee.
There was no one employee thai received employee benefits of moiE tliaii £60,000.
17

Danish Young Women's Christian Association in London
Notes to the Financial Statements for the Year Ended 31 MarLh 2024
TAngihle fixed Assets
Freehold
lanil
biFildings
Fiilui'es.
ritlilly &
equipment
Le#5ehold
flats
TotRI
2024
Cost
Ai l April ?0?3
Additions
Dispo%als
Al 31 Wlarch 20?4
.17?374
3,087
2,579,1 ?0
137,051
7,6.11
14,1001
140,582
3.888.545
10.718
4,1001
3.895.163
1,175,461
2,579,1 ?0
Depreclatlon and impairment
Al l April ?093
Depreciation charged in the year
Disposals
At 31 March 2024
301.881
28.650
97,055
1,227,10?
86,053
13.7601
1,309,395
51.582
13,7601
99,116
530.531
679,748
CAvrylng am&utbt
At 31 March 2024
644,930
1 899,372
41,466
2,585,768
Al 31 March 2023
670,493
1.950,954
39,996
2,661443
Investments
TotRI
21124
Total
2023
Cost
Al l April 2023
Al 31 March 2024
23
23
23
12
Debiors
Total
2024
Total
2023
Sundry debtor5 and prepaytnents
amden council debtor
7.466
12,189
12.189
18

Danish Young Women's Christian Association in London
Note5 to the Fiiiancial Statements for the Year Ended 31 March 2024
13
CYeditOl'5'. am0￿￿t5 falling due wilhin one yeAr
Total
2024
Tot*1
2023
Trade credito¥s
Oili¢i' ¢reditOT5
Otlier taxe5 and social security
Acci'ua15
Deferred incoine
6,146
20,710
6,049
¥,578
91,961
63.444
4,476
6,694
7,7?4
7,510
Deferred incotne arises on rental income paid in adwaiice. on prtsperties owned by the charity a5 well a5 h05tel
rec¢ipts received in the current period bookings in the following period.
14
Fund$
Balance al
l April 2023
Balance at
JI March
2024
Incoming
resources
Rt$ourees
eiponded
TrAnsfers
Unrestrieted funds
General unrestricted funds
197,606
2,9?6,3?7
3.123.933
485,275
1474,4491
180,?321
13.0871
3,087
205.-345
Desigiiat¢d funds
Total f￿thds
2,849,182
485,975
1554,6811
3.054,527
The specific purp(iseb for which the funds are to be applEed are as follows.
Unresiri¢ied funds.. th¢5e fund5 are providcd by donors for 5UPPOrt of the ¢hariry, without resiri¢tion on how fuiid5
should be deployed.
Designat¢d funds.. these funds are chosen by Ilie trustces for ihe following purposes..
L4uilding fund.. these fuiids have been desigiiated for the pui'poses of ¢(>vering future tnaintenance c05t
of thc main building, and the flats held by th¢ charity, 10 reduce the impact of any unexpected
Inaintenance expenditu￿ on the ¢hariry's available reserves.
Value of fixed asseis.. the n¢1 book valu¢ of the properties held a5 111 the year end has been dcsignaled io
demoiistrdte ihai Iliese are ihe reserves ofihe charily whiLh are not freely available to cover the charily's
expenses, as these are the reserves which are lied lip in tl)e cliarity s fi.xed assets.
14.1
An8lysls of net issets between funds
Llrtrt5triettd fund5
Dtsigngted
G¢ner81
Total
Tangible a55ets
Investments
?,544.30?
41.466
2,585,768
23
Nei current as5et5
304,880
163,856
705.345
468,736
TotL41 net &ssets at 31 Mgrch 2024
? 849.18?
3.054.5?7
19