Charity r¢StratIOn number.. 249198 Danish Young Women's c11Stian Association in London Annual Report and Financial Statements for the Year Ended 31 March 2026
Contents Reference and Adininistrative Detatls................-.._......................................................... Trustees, Report..... ..2-6 Independent Examiner's Report...... Statement ol'Financial Activities ............... ...... ......... Balance Sheet...................-........................................................................... .. io Notes lo thc Financial Statanents........................................................
Dnish Young Women'$ Chrlstlan knociation ID London Refer¢nc¢ and Admlllistradve Detils Charity Re%i5tralion Nurnber." 249198 P*tron: Her Royal Highness Princess Benedikte of Denrnark Presldentr Vacant Cu$todlan try$t¢e: The Official Custodian for CIMTities Board: Mr S Rosenfat¢k (Chairl M5 N Bigbie M5 M Moller (resigned June 20251 Mr K Hansen Mr C Orlyk (resigned July 20251 Ms S Kennedy Mr P Ahm (Treasurer) Mr M Olsen Ms R Reichherzer (appoint¢d Jun¢ 2025) Ms S HesthaYeD Pultz (appointed Ju0¢ 2025) Warde. C Y J&ntzen Addrem: 43 M&T¢8fieLd Gardens Hampst¢ad London NW3 STF ltsdepelldtnt examlDer. BowneT Bullock Chartered Accountants l 14 Si Martin's Lane Covent Garden London WC2N 4BE Websitt:
D8ni5h Young Women's Christiaj) Association in London Trustees, Report for the Year Ended 31 March 2026 I. STRUCTU. GOVERNANCE AND MANAGEMENT Governlng Document The Charity is regulated by tbe Rules dated 14 March 2001 and Deeds of Trust dated 30 Septetnber 1958 and 25 April 1966. Org&ni58tion&l Strncthrt The Charity is wn by a board of between five and nin¢ individuals who speak Danish and liv¢ in England. The board elects the Chair. Vice Chair and Honorary Treasuret amongst itself. The offJ¢e$ of Chair and Honorary treasurer cannoi be carried ¢ur by the same person. The Danish YWCA in London is represented on ThE Dt2oish Churd) in Londun's Commiiiee and the rect¢)r Ipriestl at the satne church 1$ on the board of the Danish YWCA. The association of Den Dallske Kirke i Udlandet IDDKUI, in conjunction with th¢ boar¢L employs a Warden who oversees the daily tnanagetnent of the Charity. Since 2020, the Charity's PToperties have beert gIStered in the name of The Official Cusi(Mlian for Charitie5. Thi5 has two advanta8e5'. the Charity is saved tbe expeDse of makiDg the new deeds required when its holditlg trustees cbange. there is no risk that the Charity's land will remain vested in peoplewho are no longer involved with tbe CTr1ty and who may be difficult IQ fd¢¢. The Official Custudian cannot take part in naging laDd vested ill himlh¢t. Th¢ CEilY Ituste¢s keep all the powers and dutie5 Qf mana8emeni. D¢¢5$lon M*klng The principal procedure$ of the Charity are set out in the Governing Document. The Ward¢n is in ¢harg¢ of the daily management of the Chariry and all other decision making is vested itt the board. Re¢rultm¢nt and Appolntment of New Trustees The Jdetstifjcation of potential new Danith 5p¢aking txustees is carTied out by the boart the aitn being to recommend for appointment those with expertise appropriat¢ to ¢arry out th¢ Charity's work. Risk Aue$$m¢nt The major risks to which the Charity is ¢xp¢)sed, as identified by th¢ Trustee5. are regularly rnonitored arld syslejns have been esiablished to mitigate th05¢ risks. 2. OBIECFIVES AND ACTtvrrtES Object The Danish YWCA in London 15 a branch of Dtn DaDske Kirke i Udlandet IDDKU}. In cojun¢t1011 Wlth the Danish National Church and on Evongeli¢al-Lutheran basis il aims to spread the word of the Gospel and to encourage young Danes to take part iTJ Christian ¢ommunily life among Dan¢$ Tn London. Aetlvltles Thi5 is achi¢ved by creating a Christian home. where young Dants can live and come freely to seek advice and guidance, and by w>inting them in the direction of the Danish Church in London. The Charity holds a pri[n hostel at Maresfield Gardens providing up to 60 beds, and 10 flats with & view io letting these on a 5hort-let basi5 10 posigraduaie Danish students.
Public benefit The Trustees confirm that they haye complied with the requirements of section 4 of the Charities Aet ?01 I to bav¢ due regard 10 the public beneflt guidance pUbled by the Charity Commission for En8land and Wa]es. 3. ACHIEVEMENTS AND PERFORMANCE In the recenl fJn2n¢ial year. occupancy al the hostel has followed a pattem that appears lo have been established after BXIt in 2021. During the autumn terni, the hostel experienced high occupancy, followed by lower occupancy in the spring terni. This year, the average occupan¢y de¢r¢ased to 59n/o12025.. 61 /ol. As a means of attracting moiE residents and future-proofing the hostel. the trustees hawe bcgun explorhng a possible refurbishment and upgrade toprovide a¢coThmtyJation and faciliticsthat better meettheexpeetatiOTLS of eurrent and future residents. The Charity owns 10 studio fiats that can be rented temporarily by Danish stttdents undertaking a study visit ift the UK. Application.8 are reviewed and the flais allocated by a leCtIOn committee in Denmark based on a set of criteria. In th¢ laiest round of applications in May 2025, 59 students applied, of whom 10 were selected for studio fiats. An additional seven students wer¢ offeTed a 5in8le student dorniitory room at the hostel. Since Brexit has significantly changed the condilions for youth mobility between Denmark and the UK, the Board views with optimism the prospect of the United Kingdorn rejoirting the Erasmus+ programme froin 2027, which would provide young people and sdentS from the EU {irt¢luding Denmark} and the UK wÈth 8reater and itnproved opportunities for ex¢han8e stays. In addition, the UK and the EU have negotiated a framework agreement for a Youth Experience schee, which is lik¢wi5¢ Lnt¢nded to str¢ngithen youth mobility. It has not yet been clarified what the pra¢u¢al aTtang¢ments will be for young people withing to make use of this oprK>nunity or when the scheme will come into effect. After organi5ing pilot versions of our"H0iskol¢oplevels&' progrdmTne in 2024125. targetiTLg young Danes on a gap year. we werc unable to attract enough new participants during the past year. Since previou5 participants respottded very positively to the pro8r8mm< we are plonnitig to run the event twice a8aill in 2026127. tn May 2025, the Board hosted a visit fron) Her Royal Highness Princess BetLedikte, lollg-standiDg patron of the Danish YWCA in Londim. The visit IDcluded a brief rne¢ting betw¢cn the Chainnan5hip and the PritLcess, followed by t4 reception in the garden attended by the youug residents of the house and student5 from Queen IT)gTid's Ha]1 of Residence. The day concluded with a dirtner attended by HRH Princess Benedikte, invited guests and membeTS of the Board. On this occasion. form¢r Chair Karen Maibotn ond Vic¢-Chgir Anne Raill were thth for thcir many yeaTS of dedicated service. During the past year. we have 8reatly benefited from the involvemertr of a large Tlurnber of volunteers. Around 2(K) volunteers contributed to the Charity throllghout the yeaT. The IArgest numberof votunteeTS WCTe eng88ed in th¢ annual Christma5 Bazaar. A smaller group of general volunteers supported the daily runTLing of ttLe hostel in various ways, includin8 helping with youih a¢tivities* preparing and srrving tneals. supporting social life among residents. and contributing to social media ctsntent. The recNitmellt. coordination. alld support of volunteer5 reTnain a high priority forthe Charity. Throughout the year. the Charity employed an avera8c of six staff mernbe. The Charity'5 aim of beit)g a-home from home", offering young Danes a warni welcome, a connection to the Danish Church, and a pleasant and safe place to stay or visit at reasonable price$, remains our overarching goal. Safeguardll)g procedure5 and COmtenC1eS are in place to ensure 8n open and saf¢ environment for everyone who comes into colltscl with th¢ Charity. Throughout the y¢ar, we have offered many activitie5 and ¢vent5 bottl forour resi(knts arld for Danish students and young adults livin8 elsewhere in London. We oiganise Inost of these event5 ourselves, but increasingly seek collaboration with the Danish ChuT¢h and other London-based Danish organisations. This year, we OT8ani5ed a football iournament in Seplernber 2025 in collaboration with the Danish Chh. In January 2026, wt hosted a ChristJn25 liinch in close cooperation with DKUK Young Professionals Group. Th¢ ¢onne¢tion to the Danish Chur¢h in London 15 clearly communicated to all residents, who are also givrn the Dpportwjity to partiCipe jointly in Sunday services and other religious alld tradition21 celebraiions thrtsughoui the year. In November 2025, we were once agaill able to hold our annual fundr2i$¢r, th¢ Danibh Chtisimas Bazaar. Around 2,100 people visitedthe bazaar during the lasi weekend of NovembeT. Income fiom the B2288r reaLh
a new record of £73.424 (including rafflc and tombola sal¢sl, g¢neratin8 a profit of £38.672 for the Danish YWCA in London. In 2025, the Board successfiilly aequired a new Danish hol dog trailer after the previous one had io be retired rollowing nnY years of setvice. The hot dog trailer is a major attraction at the annual bazaar and is aL%o used throughout the year for events held in the byarden. In nneCtIon with Ih¢ purchase, a ndraISing campaign was launched among private donors and businesses. Th¢ campdi¥n g¢netat¢d £5,800 in 2025. and d further £2,51M) was donated in April 2026. Our regular logistics patther, DSV, Sponsor the tran5POrtation froffl Denmark to the United Kingdom. 4. FfNANJCAL REVIEW Polley on Reserves The cost of Providing ihe facilities to young Dane5 in London is funded for the greater part from the rental incotne received with any shortfall met by drawing from re5erve51 provided that the value of thc reserves is not diminished unduly thus ensurin8 the su5tainabilily of rhe Charity. The Charity aiEll5 to tlave cash reserves of approximately £50.000. As dethiled in note 14 of the fllL8ncial $taiemeAts, during the year, the TJu$te¢s have reviewed the funds held by the Charity. This included a det211ed review of restricied funds, and designated fi]llds. As of 31 March 2026, totsl utsrestricied funds amounred to £2,869,292. Within unr¢51riGted funds, ther¢ aTe deSigted fund5 of £2,688,518, which 15 tnade up of £2.383.639 property, and £304.879 of fund5 held to cov¢r futUT¢ maint¢nanre ¢o$ts of the building. £180,774 remains in general unresttitted fvtJd$. In lime wilh the resee$ poliry, there were no reslricted reserve5 &8 at the year end. Th¢ Twstees consider that their free reseryes would allow them to continue their actLVities to Meet their charit2ble objectives for & period of approximately 3 months, should their incoming resources decrease Si8nifL¢antly. However, (pther sowces of emerg¢ncy funding can be eonsidered ineluding donations from ¢ompante$ sympathdi¢ to the obj¢¢riv¢s of the Charity and reallLxatin8 th¢ Desi8nated currellt assets. Investments Investrnents are made in accordance with the Danish YWCA Investment Policy. The overall sttaiegic allocation for the inv¢5ttnent poneolio was targeted at an appropriate balance between-. Structtjred {Ineomel Pmducts Fixed Inieresi A¢¢oun Short Term Access Accouots Easy Access Accounts The objcctive is to improve the rerll on Current Assets whilst maintaining a Low- Medium risk profile atld providin8 acce to c&sh to meet operational requirements. ThLS 15 considered a cautiOU5 approach to the cha)ity's ful$. Fln•nel#l Summ4ry The illcome during the year atnounted to £566.14712025.' £478.2121. The h05tel's receipts increas to £269.599 {2025.. £266.291} reflectitlg a 59/0 (2025.. 61¥0} oc¢upat)cy rate. Total expenditure amounted to £041,655 (202S.. £587,939) with increase5 in staff costs and recognition of the Christmas Bazaar cost being the main reasons for this inere&8e.
Rlsks Th¢ tTU5t¢e5 have cartied out a lknsk Assessment for the Charity in generaL for management of oiw main building. for Management and for Safeguarding. The risks identifled below are the ones considered the ost Sil[l¢ant from the risk register. OCCUPANCY The consequence5 of Brexit continue to pose a ¢hallertBe to the operations of the charity, both in temis of recrnitment of staff from DenTnaTk Isce below) and due to the Cuent lack of youth mobiliiy with Tesultant reduction in traditional customer base. A recent agreement bttwt¢n th¢ UK and the EU introduces a new Youth Exp¢rien¢e Scherne aimed at giving youllg Eutopeans easier a¢cess to sttjdy and work in the UK. The de&ils of the scheine have yet to be finalised, and only then will we know more about the prospects for our h05tel. FOREIGN EXCHANGE Whilst the wisitors to the hosicl are from Dellmark. as the Charity largely op¢ratrs in Sterling. Wlth all rental ill¢(pm¢ and host¢l receipts bein8 In Sterlin8. the tTusi¢e5 do not COD5idcr the Charity to be significantly ¢Aposcd to the rffects of fluCat]ng exchange rates as it has been secTL in the past years. ENERGY COSTS The Charity eontitlues to mitigate the peak of energy prices ¢]uring th¢ yearby entering in¢0 long-t¢rm energy supply contraets with a major supplier to miti8ate flu¢ttLations COST OF LIvG CRISIS Like the rest of society. the Charity is facing increased prices on almost all expenses relating to ihe day-tfvday running of the business. M05t significant is the In¢a$¢ of pri¢¢ of food over the past years. Since providing of breakfast and other rnea15 are a core servic¢ for the h05tcl, further increases can lead to a Challenge Tll kceping to the budget in thi5 area. STAFF The itDmigration laws following Brexit have effectively made it impossible to bire non-5killcd workers to our Clwity frotn Denmark as ha5 beeTL practi$ for many years. At the same time, should we wish io employ local Staff. this has proved to bc very difficult because of a lack of workforce itl the hospits]ity s¢ctor in London. The staff sibl10T1 at the Charity is therefore vuin¢rable with fewer staff to Earry out lh¢ day-to4ay Work at the h05ttl. 5. PLANS FOR FUTURE PERIODS As mentioned earlier. the trustees have begun o)nsidering investment in a major renovation of the hostel, with the airn of establishing improv¢d and more mtyl¢rn facilities to attract additional residents. The scale of the projcct will depend on the charity's ability 10 raise the necessary funds. An architre company in London has been appointed to prepare i proposal and design for a re¢onfiguration of the IM)Stel. A building Comminee And a fundraising committee have been eslablished to oversee the pro¢¢ss, and the BoaTd will approve the project in stages in order lo minimise ri5k5. With the aim of ensuringcloscr follow-up on strategic goals. the Board has introdlleed an annual business plan that sets out key activities and objective5 for the coming year. The trustees plall to organise th¢ regular Chrisunas Bazaar again thi5 year.
Danish Young Women'5 Christi4n AsSOCi¥tion in London Trustee5' Report for the Year Ended 31 Msreh 2026 Statement of Tru$tee$' responslbllltles The ttustees are Tesponsible for preparing the AnThual Report and the financial statetnents in aLcordance with applicable law and regulations. The law applieable to charities in Englaiid & Wales reqllires th¢ rn]srees to prepare financial statements for each financtal year in accordance with United Kingdom Generally Accepied Accounting Practice (U'nited Kiiigdom Accounting Srandar4s and applicable lawl. The trL]Ste¢5 must nol approve the fiijancial stalejnellls unle55 thev are satisfied that they give a Irue and fair view of the state of affair5 of thc charity and of thc incomin8 resources and application of resources. including the inctstne and expcnditure. of the charity f. that paiod. In Preparin8 these fjnancial ¥tatem¢nts, the rrn$¢¢s ar¢ required to- al select suitable accourtlinb, p)li¢ies 300 apply them ¢onsistently* bl observe th¢ m¢thods ond principles in the Ch8Tiiies SOIiP' c) make judgrDents and accounting estiDUtes thai ar¢ reason8bl¢ and prndeni" d) state whether applicable UK Accounting Standards have been followed. subjecl to any rnaterial departures disclosed and p1a]H¢d in the financial statements. e) prepare the financial sratemerJ¢s on the going eoncem basis unless il is inappropriote ¢0 presum¢ that the charity will continu¢ to op¢rat¢. The trustee5 are responsible for keepin8 sulfjcient accounting Tecords that djsclose with reasonable accuracy at any time The firtan¢ial Frf)Sition of the charity and enable them to ensure that the financial statements comply with th¢ Ch¥rities Act 2011. tbe Charity (Accounts and Reports) Regulations 21)08 and the provisiolls of the trust deed. They are also iesponsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of frdud and other irre8ularities. Approved by th¢ Board of Tnlet$ and signed on its behalf by". S Ros¢nfalck Date..
DAni5h Young Women's Christian Association in London Independent Exominer'g Report to the trustees of Danish Young Women's Christlan Asso¢iatlon in London Independent Examiner's Report to the Try5tees of Danish Young Wom¢ll'5 Cbri5tin Assoelatlon I London I report to the Inj5te on my examination of the financial statements of Danish Yolln8 Women's Christian As50CI(Itiun in London {'Ihe ehariiy'l for the year ended 31 March 2026 which cornprise the Smtement of Finallcial Aciivities. the Balance Sheet and rclated notes. This report ib TThade svlely io th¢ ¢harity's trusl¢e5. a5 a budy. in actvrdancc with section 145 of the Charities Act 2011. My work has been undertaken so that I might statr to the charity's trnstees those matter5 1 aTll required 10 state to them in Ibis report artd for no other purpose. To the thllesi extent permitted by law. I do not accept or assume responsibility to anyone othcr than the chlty and the charity's tN5tees as a body. for rny WOTk, for this report, or for the opinions I have formed. Re5P0115ibilities 4nd b45is of report As the trustees of the chariry you are responsible forthe preparion of the financial statements in a¢¢oidance with the requirements of the Charities Act 2011 I'the Act'}. I report in respe¢t of my examll)ation of the clwity's financial stst¢m¢nts catried outWLdcT section 145 of the Act and in carrying out ffty exatninaiion Ihave followed all the applic2bleDirections givenbythecharirycotnmissio under 5¢Ction 145(5)Ib) of the A¢t. An independent examination does not involve gatheTing all the evidence that would be required in an audit and consequelltly does not Cover all the matters that an audiior consid¢rs in giviD8 their opillioti ot] the financial statements. The platming atKI conduct of all audit goE5 beyond the limited as5uran¢e independent exatThination can provide. Consequcntly, l express no opinion as to whether the financial stitements presenia'tnle and fair. view and my report is limited to those specific matM s¢t out ID the independent eKaminer's statement. IDd¢pendent examlner's 5taternent Since the charity's gr05s incorne exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011. I confirn that l Im quo]ified to undertake the exalniuation b¢cause l am a Jnember of ICAEW which is one of thc listed bodies. I have completed tny exatninatiort. S confirni that no material rnatter5 have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accountin8 record5 were not kept Lll respect of the charity required by seciion 130 of the Act. or the financial sthtemeTht5 do not accord wsth those r¢¢ord$,' or the fin3ncial ¥tatements do not comply with the applicable requirements coneerning the fomi and content of accounts set out in the Charities (Accounts and Reports) Regul10ft8 2008 other than any Tequitement that the accounts give a 'true and fair Yiew which is not a matter consider¢d as part of an independertt examination. I have no concern5 atld have come a¢ros$ no other matters in cotjnection with the examittation to which attention should be drawn in this report in ord¢r to enable a Prop undeisianding of the fjnaneial statetn¢nt5 to be r¢a¢hed.
Use of our report This report is mad¢ solely to tbe charity's trustees, as & body, iti accordance witb section 145 of the Cbarities Act 2011. My work h•s beets undertaken so that I might state to the C?rIty.s tsustees tbose matters l am required to state to them in this report at for no other putpose. To the fullest extent pern)itted by law. I do not attq)t or assume responsibility to anyone other thall the charity and the charity'5 tntst¢e8 as a bodyj foT work, for this repory or for the opitsioos I hav¢ fomie Russell Joseph Bourner Bullock Chartered Actourttattts 114 Si Mattin's Lane Coveoi Gatdert London WC2N 4BE Date..
Danish Young Women's Christian Associatioll in London Statement of FiDanei*l Aetivities for the Year Ended 31 March 2026 (including Income and Expenditure A¢eount and Statement of Total Recognised Gains and Losses) Unrestricted funds 2026 Designated fuTrd5 2026 Totsl fvnd$ 2026 Total fvnds 2025 Notc Ineorne Irom Donations 72,466 358,516 115,346 19,819 72,466 358.516 115.346 19.819 105,299 343,94 19,890 9,075 Charitable activities Other trading activities Investments Total Income 566,147 566,147 478,2L2 Expenditure on: Raising funds Charitsble a¢tivities 34,752 526,572 34.752 606,903 80.331 587.939 Total Expendiwre 561,324 80.331 641.655 587.939 Net incomel (expenditure) 4,823 180,3311 (75.508) 1109,727) Gro&s transfer between funds Nei movernent ill fill]ds 4,823 {80.3311 (75.5081 111)9,727) Re¢tsn¢iliatioD of fund5 Tottl thnds brought forward 13 175,951 2.768,849 2.944.8 3.054.527 Total funds earried fonvard 13 180.774 2.688,518 2.869.292 2.944,800 All of the charity'5 activitie5 derive from ¢oniinuing op¢raiions during the perio
Danish Young Women's Christian Association in London (Charlty number: 249198} Balance Sheet 45 at 31 March 2026 21126 2025 Note Flxed Sets Tangible fixed asseis Investments 2.423.975 196.123 2,501,344 200,023 io Current $59ets Debtotts Cash at bank and in hand 9292 303,785 313.077 2,841 31)4,761 307,602 Credhors: Amounts falling dut wiitiiti orte ye#r 12 (63,883) (64,169) Net ¢nrrent *s$ets 249.194 243.433 Net a48ets 2,869292 2,944,81M) General unrestri¢ted fimds Designated uThrestri¢led funds 13 180,774 2,688.518 175,951 2,768,849 2,944,8(K) 13 Total fund$ 2,869,292 The finallciaL 5tateTnthts were approved by the thjstees, and authorised for itsue on .... .... ........ and signed on their behalf by.. S Rosenfaltk io
Danish Young Women's Christian AssoeiAtion in London Note5 to the Financial Statements for the Year Ended 31 March 2026 l AteouDting policies Summary of signific&nt *cc(bunting polieles And key #ecountiTrg e$timgtes The principal accounting policies applied in the preparation of these fin2ncJal statements are set out below. These policies have been nSisten¢1Y applied to all the year5 presente¢L unless othenvis¢ slated. Basis of pr¢parntioA The finan¢i&l 5tatcmcnts have been prepared in a¢rordance with 'Accounting and Reporting by Charities.. Sta[ent of RecommLnded Prdetice applicable to Chariries preparing Iheir aceollnts in accordance wilh the Financial Repurting Standard appliLabl¢ in the UK and Republic of Ireland {FRS 102) (Second Edition). and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 10218nd th¢ Charities Aci 2011 and UK Generally Accepted Prdciice as it applIes from l January 2019. The financial siatements have been prepared to give a 'tsue and fair, view 8nd have departed from the Cbarities {A¢counts Reports) Regulaiions 2008 only to the extent required io provide a 'uve and fair view.. This departure Iw involved following 'Accounting and Reponing by Ch2fities.' Staiement of Recommended Prncti¢e applicable to charitie% pieparing their accounts in accordance with the Financial Reportingj Statldard applicable in the UK and R¢publi¢ of Ireland (FRS 1021 (Second Edition}, rather than the Accounting and Reporting by Charities.. StaieTnent of Eiecommended Prdctice effective from l April 2005 which has since been withdrawn. Danish Young Women's Christian Association in London meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recogni5 at historie cosi or transaction value unless oiherwis¢ stated in the Ttlevant accounting poli¢y notes. Golng eoDcerD Th¢ financial stat¢ments have been prqwred on a going concem basis. The trustees ¢s5 whether the use of going concern is appropriate i.e. whether there are any material llrtcertainties related io eveTIts OT conditions that may cast sigoificant doubt on tbe ability of the Charity to Continue as a goÈng concern. The trustees mak¢ this aSSment in respe¢t of a period of one year from the date of apptOV31 of thc fuHncial statements. Charitable funds Unresthcled funds are general fuTJds that are available for us¢ at the th¢¢C8, dlseretion in furtherince of the objxtives of the Charity. Designated fid5 are funi& which the tNstees have set aside a5 explained in the notes to the a¢counts. Restricted fld$ are subje¢t io specifle conditions by donors a$ to how they may be used. The purposes and uses of the restricted ndS are set out in the notes to the accounts. TrdIng ineome Trading income relates io fiLniL8 rceeived from futtdraIsJng events and room hire. accounted for in the period to whi¢h th¢y relaie. Donated professional services attd donated farilities rwognised on the basis of th¢ value of rhe gift io the charity which is the amount the ¢harity would have been willin8 10 pay to obtaiJ] servitcs or facilities of equivalcnt economic benefii on the open market.. a CoSpOnding amount is then recognised in expcnditure in the period ofrec¢ipt. Ch47niobl¢ &ciiwiie$ Charitable activities relate to hostel receipts and rental income and are accounted for ill the period which they r¢lai¢ to. Voluntary income includin8 donations. gift5 and grdnts that provide core fvnding are recognised when the Charity has entitlemcnt to the income. it is probable that the income will bc rcceivcd, and the arnount ean bc Tnea5ured with sutTL¢ltnl reliability. li
Danlsh Young Women's Christian Association in London Notes to the Flnancial Statements for tbe Year Ended 31 March 2026 Expenditure All expendire is rceognised once thcre 15 a legal or con51Tuctive obligAtion to thai eXpendire. it IS Probable settlement is required and the amount can be Tnca5ured reliably. All costs are allocated to the applicable expendirure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to pani¢iilarheadings they have been alloc21¢d on a basis ¢onsisteni with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation ¢hargc$ 2110¢2ted on the portion of the a5set'5 Use. Other support costs are allocated based on the spread of staff cOs. Ch8rltable expenditllrt Charitable expendIlle comprises those costs incurred by the Charity in the delivery of its actÈviiies and seryices for its benefi¢iaries. It includes both eosts that can be allocated directly lo such activitie5 and thoK c05t5 of an Indirett nature i)ccessary to support them. Support costs Support Costs illclude central funciions and have been all¢x&ted to activiry ¢OS¢ C81¢8ories on a basis CODsisrent with th¢ use ofresource5. for exaTnple, allocating property costs by floor 01 per upita, Staff costs by thE time spent and other costs by their usa8e. GtsvernaRce costs These include the costs attributable to the ChaTity's compliance with constittllional and staftitory requjremenis, includiDg governance oversight. strategic manageTDent and Trust¢es' meeting5 and reiTnbutsed expensts. Tanglble fixed a&4ets Property. plant and equipIent are measured at cosi. net of depreci&ii¢n and any impaim)ent losses. TatLgibl¢ fixed a5%t5 are stated at C05t I¢5s deprLatIOn. Dq)rKiatLQn L5 provided at late$ calculated to write otT the Cost less estiated residual value of ¢a¢b asset over its expected useful life, as follows.. Fixrures, fittings and ¢qUiPTnent Le&sehold flats Frcehold property 5 to 15 years straight ILll¢ 50 yeats straigh( lin¢ 20 to 50 years 5trai8ht IIrt¢ Inve$tm¢Dts Fixed asset invesrments in unlisted slwes are shown ai cosi1¢5s provision for Impairnlll. Other red asset inves¢ments are iniiially recognised at ¢ost and are subsequently meawred at fair value. Flnand81 in$trum¢nts The chlty only ertters into basic finartcial illstnlment transactions that result in the recognition of financial assets and liabilities like other debttsrs and credjtots and [tts from related parties. Financial assets that are nLeasuted at cost and amortised ¢osi are assessed at ttrte end of each rewning period for objective eviden¢e of impainnent. If objective evidence of impairniellt is foun¢ an impairnien¢ loss 1$ r¢cognis in proflt or lo. Finaneial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforcble right 10 set off Ihe Tecognised amounts and there is all intentioll to settle a net basis or to realise the asset and settle the liability Simultaneously. The charity does not have anything other than basic financial insttuments. 12
DAnlsh Young Women's ChrlstiAn Association in London Notes to the Financial Statements for the Year Ended 31 March 2026 Debtors Other debtars and cash are initially tneasured at seltl¢Tn¢nl afflouni due after any discounts off¢trd. PPaymen[S are valued at the amount prq>aid. net of any discounts. Financial assets are classified &$ receivable5 Wlthin one year and are not amonised. Cash and cash equlvalents Cash and cash equivalents comprise tash on hand aJ]d call d051t5. and othcrshort-ieTm highly Itquid investments that are readily convenible io a known wnouni of cash and are subjeci to tsn insigniflcant risk of change it) value. Credltors Trade creditors are obli8ations to pay for goods OT serviLes that have be¢n acquired in the ordiThary course of business from supplIers. Accounts payablc are classifjtd CUTrent liabilities it. the Charity does not have an unconditional right, ai the end of ihe repotting peri. to defer seitlement of tlte Creditor for ai least ttvelve months after the reporting date. If there is an unconditional right to defer settlement for at It twelve mothths after the r¢porring (tste, they are preseuted as non-currellt liabilities. Trade creditor5 are roSniSeJ iniriaily at the transaction price and subsequendy nasured at amortised c05t Usin8 the eff¢¢tive inter¢5t method. Fortlgn Currefftcy tr#nsactJon5 and balAnte5 TraD5actiorJs denominated ID foreign cen(leS are recorded at the rate ruling at the date of the traDs2ction. Monetary as5¢ts and liabilities denominated in forei8n currencies are translated into sterlit)g at the rates of exchaknge rnliTJg at the balance sheet date. All differences are included in net movements in n$. Judgements and key sourtes of estimatlon nCertaIntY In the application of the charity's ac¢owiiing poli¢ies, the ttuste¢s are requirgj io moke judgements, esiimat¢s and assumptions about the catrying amount of &ss¢t$ and liabilities ihai are otst readily appareni from other $our¢es. The e5tirnates and associated assumptions are basa on historical experience and other factots that are relevant. A¢DJal results may differ from Ihese esiimates. The estimates underlyittg &8$umptions are reviewed on In ongoing basis. Revisions to accounting estimates are recolsed in the period in which the estimate is revised wherE the ievision affects only that period, or in the p¢riod of the revision ond fittyr¢ periods wher¢ tbe revision affects both current aLuI future periods. The trustees collsider that deprrciation has bc¢n a 5igDificant JUdge¢t and key source of estimation uncertainty in the year. Depreciation: The chAriry dq)rECiites its &sets over their estimated ufi]I economic hf¢. Th¢ ¢Ing nout of fixed ass¢ts at the year end is £2,423.975 {2025.. £2,50I,J44) 13
Danish Young Women's Christign Associgtion in London Notes to the Flnancial Statements for the Ye4r Ended 31 March 2026 In¢ome from donatlon$ Totsl Unrestri£te Total 2fr25 2020 Fri¢nd5 of Danish Young Women's Christian Association in LoTHlon Other donations 720 71,746 72,466 35,864 69.435 105.299 Included within otherdonation5 aregeneral donations. as well a5 arnountsreceived from Danish Churches Abroad. A corresponding expense ha5 been included within staff costs. in note 8. Charitable #ctlvities Total Utsrestrleted fuMd5 2(126 Total 2025 Bed and breakfast Other tnea15 and laundry Rental incoTne 251.197 18.402 88.917 358.516 231234 15,057 343.948 Otber tr4dlog *etlvltl Total UllrEStri¢ted ds 2026 Tot•1 2025 Fundrai5in8 events Other tradin8 incom¢ 88,987 26.359 115.346 L6.123 3,767 19,890 InvestmeTr¢ Income Total Uure5trirted fund5 20Z6 Total 2025 Interest tncome on batlk dep)sits and other investments 19.819 19.819 14
Danish Young Women's Christign Associgtion in London Notes lo the Fin2nci41 St¥tements for the Year Ended 31 March 2026 Expendlture Unrestricted De51gn4ted ftsnds funds 2026 2026 Total 2026 Total 2025 Fundraising Costs Christmas Bazaar 34,752 34,752 Charltable AetlvltLeS Staff cost5 visions Repairs and maintenance foi hostel Repairs and maintenance foi flats Insuran¢¢ Water rates and council tax Cleaning Gas and electricily Equipment and repair5 Other Costs Linen laulldry T¢l¢ph(pne Intrtnet Newspapers and subscriptions Depreeiation of furniture and fittings D¢pre¢iation of building Depreciation of leasehold tlats (Profityloss on revaluation of investments Garden rnaini¢nan¢e Allocakd sllpport costs Inote 6.11 Allocated governan¢¢ costs (TLOt¢ 6.1) Total 243.713 36.219 62.649 35.158 10.018 10,587 19,886 10.788 828 25.926 9.375 3.003 1,214 183 7,037 ?43.713 36.219 62.649 35,158 10,018 10,5117 19,886 10,788 828 25,926 9,375 3.003 1214 183 7,037 28,749 51.582 8,550 3,021 33,917 4.500 641.655 227.175 36.681 47.?71 47.034 10.191 4,977 16.136 22,552 1,529 24.812 8.525 2.184 ,815 1,277 5.959 28,749 51.584 28,749 51.582 8,550 3,021 33,917 4,500 561.324 2,505 38.639 8.344 587.939 80.331 &1 Ana]ysls of govern&n¢e and $upport costs SPpOrt Costs Governxnce ¢05ts Total 21126 Bookkeeping fees Printing &nd staiionery Postage and carriage Marketing alld advertisitig ReCrnitcnt IT and software costs Independent examiner and accountancy fees Bank cbaTges Professional fee5 Total 7,200 698 1,546 1,695 30 11,022 7,2(K) 698 1.546 1.695 30 11,022 4.50U 10.426 ,300 38,417 4.500 10.426 33.9L7 4.500 15
Danish Young Women's Christian Association in London Notes to the Financial Stalement5 for the Year End¢d 31 March 2026 Trustees remuneration and expenses No wsiees. nor any p¢rsons ¢onne¢ied with them, have received any retnuTreration from the chariry during the ye9r. No trustees have Te¢eivtd any reimbursed expenses or any other benefits from the charity durirtg th¢ ye8r. Stsff numbers The aggregate payroll costs were as follows.. Total Unre5trieted Total 2025 2026 Wages and sthries Social security costs EmploycT contrilwlion5 to defined contribution pension schemes Total staff costs 231.529 5.521 217,833 3,643 5,699 227,175 243.713 Thc average monthly headcount employed by the charity duTill8 the year was as follows.. 2026 2025 Support staff Seconded employees from Danish Churche8 Abroad Total One ernployee is seconded frottl the Danish Cknurch¢s Abroa¢ to assist with runuin8 the charity. lllcluded withi other donations. #nd stattcosis, are corresponding amounts to record the inlall8ible income and exSe for the osts relating to thLS 5¢conded eTDployee. There wts no olle employee that received employee benefits of moTe than £60,000. 16
Danish Young Women's Christian Association in London Notes to the Financial Statements for the YeAr Ended 31 MAr¢h 2026 Tangible Ilxed a$5et5 Freehold land and building5 Fixture rjttings & equipment Le•sehold flat5 Total Cost Ai l April 2025 Addition5 Disp05a15 At 31 March 2026 1,175.461 2,579.120 142.450 9,999 11,149 151,300 3,897.031 9.999 1.175,461 2,579,120 3.905,881 Depreciation and impairment At l April 2025 Depreciation charged in the ycar Disposa15 At 31 Mar¢h 2026 559,280 28.749 731.332 51.582 105,075 7,037 {I,1491 110,963 1,395,687 87,368 1.1491 1,481,9( 588,029 782,914 Carrying 8movnt At 31 Marth 2026 587 432 1.796.206 40.337 2 423.975 At 31 March 2025 616.181 1.847 788 2.501344 io InvestentS Unlisted 5bare$ Other Investments Tot81 21126 Tot¥1 2025 Cost At l April 2025 Additions Revaluatjon At 31 March 2026 23 200.OCK) 4,650 18.550) 196.100 200,023 4,650 18.550) 196.123 23 21XTr.000 23 2(M).023 li Debtors Tot41 2026 Total 21125 Sunthy debtors and prepayments 9.292 9.292 2.841 2,841 17
Danish Young Women's Christian Association in London Notes to the Flnancfial Statements for the Year Ended 31 March 2026 12 Creditors: amount5 fAUln8 due within one year Total 2026 Totsl 2025 Trdde creditor5 Other creditQT5 Other taxes and social security Accnais Defeed income 965 13.352 3,760 11,462 34,344 63.883 5.314 14.539 3,705 15.771 24.780 64,169 Defetred income aTises on rental incotne paid in advance. on properties owned by the charity as well a5 h05tel receipts received in the current period for bookings in the following period. 13 Fllnds Balance at l Aprll 2025 Bglance It Jl M*rch 2026 IDeornin8 re50urees Resource$ expended Transters Unrestrlded fvnd5 General UTLre5tricted hnds 175,951 2,768.849 2,944,8(K 566,147 (561,324) {80,331) (641,655) 180,774 2,688,518 2,869,292 Desigllated funds Tot%1 funds 566.147 The SPlf1¢ purposes for wbi¢h th¢ fimds ar¢ 10 b¢ applied are 15 follows: Unrestricted fvnds". these fimds are provided by donors forsllpportof the charity. witbout re5trietton on how fimds should be deployed. Designated fllDds= these funds are Chosen by the thstees for the following purpose5.' Buildit)g Fut)d.. these fimds have bttn de5ignatcd for the purposes of coveTill8 future maintenance Cost of the main building, and the fiats held by the charity. to reduce the ilnpact of any leXpeCted miintenan¢¢ expenditure on th¢ ¢harity's av8Tlable reserves. Value of fixed assets". tbe net book value of the properties held a5 at the year end ha5 been dcsigll31ed to demottstrate that these are the resetves of the charity which are not freely available to eover the drity, expenses, as these are the reserves which are tied up in the charity's red assets. Analy$l$ ol net gM¢ts betweefj funds Unrestrleted fund5 Designated Genernl Totsl nds Tangible a55ets Investrnent5 2,383,637 196.100 108.781 40,338 2.423.975 23 196,123 249.194 Nei currenr assets 140,413 Totsl 4ssets 8t 31 March 2026 2.688,518 180.774 2.869.?9? 18