Company Registration Number: 03029077 Charity Registration Number: 1049002
## Disability Initiative
(a company limited by guarantee) Annual Report and Financial Statements for the year ended 31 December 2020
Disability Initiative year ended 31 December 2020
## Contents:
|Reference and Administrative Details|2|
|---|---|
|Chairman’s Report|3|
|Strategic Report|4|
|Trustee’s Report|8|
|Statement of Trustee’s Responsibilities|11|
|Independent Auditor’s Report|12|
|Consolidated Statement of Financial Activities|15|
|Consolidated Balance Sheet|16|
|Balance Sheet|17|
|Consolidated Statement of Cashflows|18|
|Notes to the Financial Statements|19|
1
## Disability Initiative year ended 31 December 2020
Reference and Administrative Details
Chairman
Mr R N Ricketts CBE
Chief Executive Officer Trustees
Lucy Brown
Mr G Bignell Mrs M Calder Mr T M Torrington Mr J Scott Mrs E Kennedy Sir A V Morris Mr R N Ricketts CBE
Principal Office and Registered Office
Company Registration Number Charity Registration Number Auditor
Resource Centre Knoll Road Camberley Surrey GU15 3SY 03029077 1049002 Branston Adams Suite 2 Victoria House South Street Farnham Surrey GU9 7QU
Bankers
Lloyds Bank PLC 19-23 Obelisk Way Camberley Surrey GU15 3SE
Handlesbanken Bank PLC Building 4.3 Frimley Business Park Frimley Surrey GU16 7SG
2
Disability Initiative year ended 31 December 2020
## **Chairman’s Report**
## **Disability Initiative**
## **Annual Report**
## **2020**
## **FOREWORD**
## **“’It is a far, far better thing that I do, than I have ever done’”**
## **(Charles Dickens,** _**A Tale of Two Cities)**_
Charles Dickens wrote of extraordinary, revolutionary times in _A Tale of Two Cities,_ bringing out the best in people. Meeting the challenges of Covid certainly brought out the best in DI and all its team. I am immensely proud of what DI has achieved during this uniquely challenging year. DI didn’t close its doors. Instead, it strengthened and transformed the support and care provided to clients and carers alike, reaching out to people in their homes whilst maintaining core services. A remarkable team effort, and one which was much valued by clients, supporting their health and well-being whilst keeping them safe. I would like to take this opportunity to express my appreciation and thanks, and those of fellow trustees, to the team, who under Lucy’s resilient leadership, achieved something quite remarkable.
DI is emerging from the pandemic in good state. Its reputation enhanced with clients, carers and commissioners. New service offers have been trialled, ready to work in partnership with the new Integrated Care Organisations, delivering seamless care and support. Remarkably, our finances, controls and governance remain sound, enabling us to invest in DI’s future with confidence.
Thank you to Lucy Brown and the senior team for their outstanding leadership, to fellow trustees for providing strategic direction and their continued commitment to DI’s aims, and above all, to those dedicated staff who have made all the difference to our clients.
_Bob Ricketts CBE, Chairman, Disability Initiative_
“The pandemic has thrown so many challenges into all our daily lives but it has also been an opportunity to reflect, to learn, and to change the way we do things.”
_Nottingham Business School._
3
## Disability Initiative year ended 31 December 2020 Strategic Report
## **To quote Charles Dickens**
_**“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair.”**_
2020 began with the preparation for the Patrons Initiative, an event held in February at HRH The Countess of Wessex’s home, bringing together over 30 local business owners. The purpose was to gain sponsorship for emergency sessions at DI for those with a disability who had reached crisis.
It was a very well received event and donations had begun to arrive, until everything as we knew it, changed. Covid 19 became a worldwide Pandemic.
Disability Initiative immediately responded to the Government announcement on March 17th 2020. Our particular client group was identified as “Shielded”, Cat A, highly vulnerable and told they must self-isolate, due to the Covid19 outbreak.
Within 24 hours DI had developed and implemented a hybrid approach which included an outreach service to support and safeguard 80+ physically disabled people with long term neurological deteriorating conditions and/or a brain injury and offer their carers and families and previous DI Clients the help they needed.
Despite the relentless virulence of the pandemic, DI remained fully functional providing community and Centre based support throughout the pandemic.
The extraordinary Board of Trustees and the DI staff Team did not waver from their mission. They demonstrated immense fortitude and worked tirelessly, flexing their work patterns and approach to meet everyone’s needs. DI was a beacon, providing Covid-secure specialist expertise and innovative, imaginative ways of working and always with a wholly person-centred approach.
Clients and their families said that the services DI provided helped prevent physical and intellectual deterioration, hospitalisation and family breakdown, whilst enhancing people’s overall wellbeing under extremely difficult circumstances.
The DI Team collaborated with and across all sectors, demonstrating leadership and professionalism. DI was acutely aware that services everywhere were retracting or closing and that many domiciliary, health services and social care providers were under tremendous strain, so the DI Team did all they could to help ease the pressure on other services. They gave 100% of themselves to ensure all clients had support throughout all the turbulent ever-changing landscape that the pandemic created.
4
## Disability Initiative year ended 31 December 2020
DI worked with Frimley Park NHS Foundation Trust thanks to The National Lottery funding via the Department of Digital Culture Media and Sport, Covid 19 funding. Together we developed a structured Integrated Care Pathway framework for discharged Intensive Care hospital patients, into DI services for 6 sessions of slow stream rehabilitation.
The funding also enabled the implementation of a new data base to centralise and update data and help prepare DI for future projects and developments.
With the help of grants, DI has ensured sustained wellbeing for all those involved, including the staff and volunteers.
The Health Foundation states, “Covid19 has affected disabled people hardest and data shows that 6 in 10 people who died with Covid were disabled.” The social response to the pandemic had a catastrophic impact on the disabled community. Rehabilitation sessions were cancelled, domiciliary services were reduced, many community services shut and reliance on family members increased overwhelmingly. Health and wellbeing of the disabled community deteriorated, including functional mobility and nutrition, whilst also experiencing increased isolation, anxiety and loss of confidence.
Many disabled people were not equipped with access to digital platforms to enable them to stay connected in some way. Some of the funding received by DI was utilised to purchase I-pads to increase technological capacity and abilities of clients and staff alike. It also enabled DI to enhance the functional mobility area and specialist equipment to meet the demands, post covid.
DI’s Patron, HRH The Countess of Wessex volunteered her services at the Camberley Centre during the pandemic. She carried out various tasks to help our clients, including baking for food parcels, collating activity packs for delivery, Zooming Clients and inspiring and energising the DI Team.
The kindness, selflessness and generosity of our Patron and so many others were astonishing. Our heartfelt gratitude is eternal to these exceptional supporters, who gave of their time, themselves, and to those who donated funds to help overcome the effects of Covid 19 pandemic. There are so many to mention, but our key supporters are highlighted below showing their logos.
5
Disability Initiative year ended 31 December 2020
Particular thanks go to our volunteer Mike, whose versatility and steadfast support enhanced the work of the whole Team throughout the Pandemic.
Amidst the turmoil, some difficult decisions were made to ensure DI’s longer term viability. There was uncertainty about statutory funding, all fundraising events including DI’s 45th year Anniversary celebrations had to be cancelled and many other organisations had literally closed or suspended services.
Technology had replaced much of the periphery functions of the Charity, so utilising DI’s shortage of work policy and then the Furlough scheme, most administrative staff were furloughed. Since then, it became apparent that one admin position was no longer required and was made redundant.
The impact of the pandemic provided DI with valuable opportunities to work in partnership with many other organisations. We were able to move swiftly and circumvent previous bureaucratic processes that were not appropriate during the pandemic. We were all working as a cohesive community. This ensured that people received the support they needed, ideas became realities, innovations implemented, and obstacles overcome. We are eternally grateful to our incredible staff, volunteers and supporters, all of whom ensured that DI continued to support those most vulnerable.
The Tavistock Institute used DI as a showcase for exceptional Leadership and Management throughout the pandemic. We are also proud that several of DI’s case studies have also been shared as model practices via the Community Foundation, for National information.
DI developed a dynamic hybrid service model at the start of the Pandemic which has subsequently been imbedded into DI’s daily operations. For DI it has been an age of wisdom, season of light and DI remains a constant beacon of hope.
The versatility and ability of the DI to respond to all of the clients and the wider community has secured DI’s position as an essential specialist service, which will continue to respond and evolve to meet the needs of our clients and those of their families.
“Nothing that we do, is done in vain. I believe, with all my soul, that we shall see triumph.”
― **Charles Dickens, A Tale of Two Cities**
6
## Disability Initiative year ended 31 December 2020
## **Financial Review**
## _**Policy on reserves**_
During 2020, the Trustees and Management Team conducted a review of the Reserves Policy to ensure that it continued to be relevant to the charity’s strategy and activities. We continue to ensure that we have sufficient funds to meet any foreseeable needs as and when they arise. A designated maintenance fund is ring fenced with transfers being made periodically to ensure it is sufficient to meet expected outgoings.
The Trustees have calculated free reserves (those reserves available for general purposes) at 31 December 2020 as follows:
**£000** Total Funds at 31/12/20 937 Less total restricted funds (105) Less NBV of unrestricted fixed assets (502) Less designated funds (140) Less other commitments **Free Reserves at 31/12/20** 190
## _**Investment policy and objectives**_
Taking into account the reserves policy noted above, the Trustees have decided that to the extent current working capital levels permit, free reserves should be quickly realisable without any risk to their value. All such funds are therefore to be held in current accounts or interest bearing deposit accounts. Term deposits or accounts with access notice periods may be held in relation to the Maintenance Fund, where the length of the deposit term can be matched against expectations of future cash flows.
## _**Principal risks and uncertainties**_
## _Risk management_
The Trustees and management conduct a formal annual review of the major risks to which the charity is exposed. Additional key risk areas are also reviewed at each trustee meeting. DI’s procedure for risk assessment identifies the level of seriousness of each risk, the consequence and the mitigating action that can be taken. Detailed procedures are in place to mitigate major risks and they are assessed under the headings of strategic and operational risk.
The Trustees consider that the internal control systems established, and their regular involvement all combine to enable the board to be confident that the major risks to which the charity is exposed are identified and that systems are in place to mitigate those risks to an acceptable level. Appropriate insurance is also in place to cover all insurable risks to both people and assets.
The strategic report was approved by the Trustees of the charity on 14/09/2021 and signed on its behalf by:
…………………………….
Mr R N Ricketts
## Chairman
7
## Disability Initiative year ended 31 December 2020
Trustee’s Report
The Trustees, who are Directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2020.
## **Objectives and activities**
## _**Objectives of the Board**_
Performance for 2020 has been considered against objectives set by the board. The Board tasked the Chief Executive with the following key objectives:
## _**Objective** : Enhancing partnerships and relationships_
Utilising community assets and resources, professional collaborative working, specialist advice and support and empowering people to take control of their own health and care.
DI continued to collaborate and reach out to all supporters and businesses throughout the pandemic and remained focussed on our goal to transform the lives and provide opportunities for people with physical disabilities and/or brain injuries in Surrey, Hampshire and surrounding counties.
These have developed over 2020 and have enabled;
- DI to expand our services into the Hampshire area,
- DI to continue to offer an excellent service and support carers,
- DI to attract the best staff,
- DI to upgrade our communication and technology equipment and DI’s website,
- DI to purchase and implement a comprehensive Oracle NetSuite database,
- Maintain and fulfil GDPR requirements,
- Establishment of a hybrid reactive outreach service,
- DI to attract Covid fund grants.
## _**Our Services, Operations and the people we support**_
_**Objective** : Broaden our services and activities to people living with physical disability or acquired brain injury, become part of the integrated care systems._
The integrated care system is developing partnerships with the VCSE sector that brings a fresh perspective to the public sector. This has been accelerated as a result of the pandemic. The focus is on early action, preventative services and wider social value. It also brings insights and expertise in service re: design and delivery.
Throughout 2020 DI:
- Organised support around people’s needs,
- Utilise community’s assets to help plan and deliver care,
- Developed professional networks across boundaries, sectors and professions,
- Empowered people to take control of their own health and care,
- Developed a post critical care rehabilitation pathway trial with Frimley NHS Foundation Trust.
8
## Disability Initiative year ended 31 December 2020
In ordinary times, DI provides over 70 slow stream rehabilitation programs each week that are based on client need and aspirations. The overarching categories are:
- Health, Fitness and Wellbeing
- Life Skills
- Learning
- Community Utilisation
- Cognitive and communication skills
However, during this extraordinary time DI’s hybrid outreach enabled our team to provide needs led services to all clients.
Although DI’s regular volunteers did not attend during covid, many people gave their time and resources. We have been incredibly fortunate with the calibre and dedication of our supporters, who have all made a significant difference to the Charity and its people throughout the pandemic.
## **Fundraising**
As a result of the pandemic, fundraising activities were either cancelled or postponed. However, we are grateful for the generosity of many companies and individuals and for being awarded grants from the Department of Digital Culture, Media and sport via The National Lottery and the Surrey Community foundation.
## **Public Benefit**
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity commission of England and Wales.
## **Structure, governance and management**
## _**Nature of governing document**_
Disability Initiative (DI) is a company limited by guarantee registered in England. Its governing document is its Memorandum and Articles of Association. It is registered as a charity with the Charity Commission, and in the event of the company being wound-up, members are required to contribute an amount not exceeding £1.
The charity’s articles provide for day-to-day management of the charity to be delegated to the Chief Executive and is overseen by a board of over 2 and up to 11 trustees. A trustee may be appointed by Ordinary Resolution or by a simple majority of all the trustees entitled to attend and vote at any meeting of the trustees. A trustee shall hold office until the end of the first meeting of the trustees following the third anniversary of their appointment. A trustee shall be permitted to stand for re-election for a further three-year term and if reelected shall serve until the end of the first meeting of the trustees following the sixth anniversary of their appointment.
If a trustee has a special skill or experience, they may be invited by the other trustees to stand for re-election for a further term of between one and three years as specified by the trustees. In this case they shall serve until the end of the first meeting of the trustees following either the first, second or third anniversary of their re-election. No one person may serve as a trustee of the charity for more than nine years without a break of at least three calendar years.
## _**Recruitment and appointment of trustees**_
The board seeks to recruit trustees who have experience in the areas of disability or who bring needed professional skills in the broader areas of health, care, education or administration. The existing trustees then vote and elect the trustee in waiting to the board. Subsequently an induction programme is implemented. This will include time at the Resource Centre with members and staff, governance responsibility and general familiarity with the organisation and its operations. All trustees are DBS and reference checked.
## _**Induction and training of trustees**_
9
## Disability Initiative year ended 31 December 2020
The trustees are conscious of the need to maintain an appropriate balance in complementary skills that they offer in their work with the charity. Therefore, whenever a vacancy arises, substantial consideration is given to the knowledge, skills and experience that might be required in any new trustee when drawing up a new trustee profile. This also requires a regular review of the skills of the board.
10
## Disability Initiative year ended 31 December 2020
Statement of Trustee’s Responsibilities
The trustees (who are also the directors of Disability Initiative for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must only approve the financial statements when they are satisfied that they give a true and fair view of the state of affairs of the charitable company, of its incoming and application of resources, including its income and expenditure. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that:
- so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and
- they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.
The auditor is deemed to have been appointed in accordance with section 487 of the Companies Act 2006.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on ………………………………………..and signed on its behalf by:
…………………………………………….
Mr R N Ricketts Chairman
11
## Disability Initiative year ended 31 December 2020
Independent Auditor’s Report to the Members of Disability Initiative
## Opinion
We have audited the financial statements of Disability Initiative (the 'charitable parent company') and its subsidiaries (the 'group') for the year ended 31 December 2020, which comprise the Consolidated Statement of Financial Activities, Consolidated Balance Sheet, , Balance Sheet, Consolidated Statement of Cash Flows and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the group's and parent charity's affairs as at 3 I December 2020 and of the group's results for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006 and Charities Act 2011
## Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the JSAs (UK) require us to report to you where:
- the trustees use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
- the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the group's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
## Other information
The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated . lf we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
12
Disability Initiative year ended 31 December 2020
Independent Auditor’s Report to the Members of Disability Initiative
We have nothing to report in this regard.
## Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and Trustees' Report have been prepared in accordance with applicable legal requirements.
## Matters on which we are required to report by exception
In the light of our knowledge and understanding of the group and the parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Trustees' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent charitable company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees’ remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.
## Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities [set out on page 11], the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.
## Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with JSAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may
13
## Disability Initiative year ended 31 December 2020
Independent Auditor’s Report to the Members of Disability Initiative
involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
- Conclude on the appropriateness of the trustees use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group's or the parent charitable company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the group or the parent charitable company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
- Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
## Use of our report
This report is made solely to the charitable parent company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we
might state to the group's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable parent company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.
…………………………………………...
…………………………………………
Mr Paul Adams Statutory Auditor
Date
For and on behalf of Branston Adams, Suite 2 Victoria House South Street Farnham Surrey GU9 7QU
14
## Disability Initiative year ended 31 December 2020
Consolidated Statement of Financial Activities
|Year ended 31 December 2020
Note
**Income and Endowments from:**
Donations and legacies
3
Charitable activities
4
Other income
5
Total income
**Expenditure on:**
Raising funds
6
Charitable activities
7
Total expenditure
Net expenditure
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Total funds carried forward
25
Year ended 31 December 2019
Note
**Income and Endowments from:**
Donations and legacies
3
Charitable activities
4
Other income
5
Total income
**Expenditure on:**
Raising funds
6
Charitable activities
7
Total expenditure
Net expenditure
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Total funds carried forward
25|Unrestricted
Funds
Restricted
Funds
Total
15,847
106,944
122,791
546,588
2,450
549,038
51,896
0
51,896|
|---|---|
||614,331
109,394
723,725|
||(13,752)
0
(13,752)
(613,504)
(11,073)
(624,577)|
||(627,256)
(11,073)
(638,329)|
|||
||(12,925)
98,321
85,396
(12,925)
98,321
85,396|
|||
||831,855
104,485
936,340
818,930
202,806
1,021,736|
||Unrestricted
Funds
Restricted
Funds
Total
24,413
7,100
31,513
557,627
0
557,627
1,836
0
1,836|
||583,876
7,100
590,976|
||(35,200)
(635)
(35,835)
(551,466)
(9,944)
(561,410)|
||(586,666)
(10,579)
(597,245)|
|||
||(2,790)
(3,479)
(6,269)
(2,790)
(3,479)
(6,269)|
|||
||834,645
107,964
942,609
831,855
104,485
936,340|
All of the group’s activities derive from continuing operations during the above two periods. The funds breakdown is shown in note 24.
15
## Disability Initiative year ended 31 December 2020
Consolidated Balance Sheet
|Note
Fixed Assets
Intangible assets
14
Tangible assets
15
Heritage assets
16
Current Assets
Stocks
19
Debtors
20
Cash at bank and in hand
21
Creditors: Amounts falling due within one year
22
Net Current Assets
Net Assets
Funds of the Group
Restricted funds
Unrestricted funds
Total Funds
25|2020
2019
£
£
12,582
0
607,294
602,195
4,600
4,600|
|---|---|
||624,476
606,795
100
100
125,164
132,835
403,222
254,850|
||528,486
387,785
(131,225)
(58,240)|
||397,261
329,545|
||1,021,736
936,340|
||202,806
104,485
818,930
831,855|
||1,021,736
936,340|
The financial statements on pages 15 to 34 were approved by the trustees and authorised for issue on
……………………………………………. and signed on their behalf by:
………………………………………..
Mr R N Ricketts Chairman
16
## Disability Initiative year ended 31 December 2020
Charity Balance Sheet – Registration number 03029077
|Note
Fixed Assets
Tangible assets
15
Heritage assets
16
Investments
Current Assets
Debtors
20
Cash at bank and in hand
21
Creditors: Amounts falling due within one year
22
Net Current Assets
Net Assets
Funds of the Group
Restricted funds
Unrestricted funds
Total Funds
25|2020
2019
£
£
587,064
598,330
4,600
4,600
100
100|
|---|---|
||591,764
603,030
208,578
129,622
276,014
204,526|
||484,592
334,148
(29,909)
(4,045)|
||454,683
330,103|
||1,046,447
933,133|
||202,806
104,485
843,641
828,648|
||1,046,447
933,133|
The Charity made a surplus for the financial year of £113,314 (2019: £7,931).
The financial statements on pages 15 to 34 were approved by the trustees, and authorised for issue on
…………………………………………………. and signed on their behalf by:
………………………….
Mr R N Ricketts Chairman
17
## Disability Initiative year ended 31 December 2020
Consolidated Statement of Cashflows
|Note
Cashflows from operating activities
Net (expenditure) / income
Adjustments to cashflows from non-cash items
Amortisation
14
Depreciation
15
Working capital adjustments
Decrease in debtors
20
Increase in creditors
22
Net Cashflows from operating activities
Cashflows from investing activities
Purchase of intangible fixed assets
14
Purchase of tangible fixed assets
15
Net decrease in cash and cash equivalents
Cash and cash equivalents at 1 January 2020
Cash and cash equivalents at 31 December 2020|2020
2019
£
£
85,396
(6,269)
4,194
0
38,442
32,086|
|---|---|
||128,032
25,817
7,671
(15,945)
72,985
1,632|
||80,656
(14,313)
16,776
0
43,541
(5,707)|
||60,317
(5,707)|
||269,005
5,797|
||254,850
249,053|
||523,855
254,850|
All of the cashflows are derived from continuing operations during the above two periods.
18
## Disability Initiative year ended 31 December 2020
Notes to the Financial Statements
## **1. General Information**
The charity is a private company limited by guarantee without share capital, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is The Resource Centre, Knoll Road, Camberley, Surrey, GU15 3SY.
The charity is a company limited by guarantee and has no share capital. In the event of the company being wound up, every member at that date and any member who has ceased to be a member in the previous twelve months will be liable to meet the net debts and liabilities (contracted before he or she ceases to be a member) up to a maximum contribution of £1.
## **2. Accounting Policies**
## **Summary of significant account policies and key accounting estimates**
The principal accounting policies apples in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
The financial statements have been prepared in accordance with 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 2015 – Charities SORP), the Companies Act 2006 and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS102.
## **Basis of preparation**
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Basis of consolidation**
The financial statements consolidate the results and position of the subsidiary undertaking on a line by line basis in both the Statement of Financial Activities (including income and expenditure account) and the Balance Sheet. A separate Statement of Financial Activities and Statement of Cash Flows for the charity has not been presented because the group has taken advantage of the exemption afforded by section 408 of the Companies Act 2006.
## **Going Concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
## **Income and endowments**
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
Legacy income is recognised when receipt is probable and entitlement is established.
19
Notes to the Financial Statements
## Disability Initiative year ended 31 December 2020
Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. The amounts shown in the accounts are net of VAT.
Interest income is recognised on a receivable basis.
## **Expenditure**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. They do not include the costs of disseminating publicity and information about the charity's day-to-day disability services. These fundraising costs are:
- (i) always charged to Resources Expended as incurred even if some costs are attributable to projects for which grants or donations are promised in future accounting periods.
- (ii) allocated against funds received based on estimates of the time or resources spent on each fundraising project. Unattributable costs and general costs are charged to unrestricted funds.
Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
Most expenditure for the Group relates to charitable activities and consists of direct and indirect expenses of running services for the disabled clients at the Resource Centre in Surrey.
## **Support costs**
Certain expenditure is directly attributable to specific activities and has been reported in those expenditure categories. Other support costs which are not attributable to any one activity are apportioned across expenditure categories on an appropriate basis. Staff costs are allocated on the basis of time estimates, property costs are allocated on the floor area utilised and other costs are allocated on estimates of usage.
## **Governance costs**
These include the costs attributable to the charity’s compliance with the constitutional and statutory requirements, including audit, strategic management and trustee’s meetings and reimbursed expenses.
## **Tangible fixed assets**
All assets costing over £250 are considered for capitalisation subject to considerations as to the likely useful life of each item.
20
Notes to the Financial Statements
## Disability Initiative year ended 31 December 2020
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
## **Heritage assets**
Heritage assets are measured under the revaluation model and are revalued at each reporting date.
The very long expected lives of heritage assets, due to their natures, value and need to be protected and preserved means that depreciation is not material and is, therefore, not provided.
## **Depreciation and amortisation**
Depreciation and amortisation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
|Asset class|Depreciation method and rate|
|---|---|
|Software|25% reducing balance|
|Therapy, office and IT equipment|25% reducing balance|
|Building fixtures and equipment|Between 4% and 10% reducing balance|
|Leasehold building|Straight line over the period of the lease|
## **Trade creditors**
Creditors are recognised where the charity has a contractual obligation resulting from a past event that will probably result in the transfer of funds to a third part and the amount due to settle the obligation can be measure or estimated reliably. Creditors are normally recognised at their contractual amount after allowing for any trade discounts due.
## **Fund Structure**
Unrestricted funded are available for use at the discretion of the trustees to further any of the charity’s purposes.
Designated funds are unrestricted funds set aside by the trustees for a particular purpose. The aims and uses of each designated fund are set out in the detailed notes to these financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for a particular purpose. Expenditure that meets these criteria is charged to each fund, together with the direct costs of raising such funds, as explained in the resources expended policy. The aims and uses of each significant restricted fund are set out in the detailed notes to these financial statements.
## **Pensions and other post retirement obligations**
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or construction obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
## **Financial instruments**
## _Recognition and measurement_
A financial asset of financial liability is recognised only when the charity becomes a party to the contractual provision of the instrument.
21
Notes to the Financial Statements
## Disability Initiative year ended 31 December 2020
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been has the impairment not previously been recognised.
## _Impairment_
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
## **3. Income from donations and legacies**
|Donations and legacies
Donations from companies, trusts and
similar proceeds
External donations|Unrestricted
General
Restricted
Funds
Total 2020
Total 2019
£
£
£
£|
|---|---|
||106,944
106,944
7,100
15,814
15,814
24,413|
||15,814
106,944
122,758
31,513|
During the year ended 31 December 2021 the charity received grants of £99,420 in respect of Covid19 pandemic.
## **4. Income from charitable activities**
|**Income from charitable activities**||
|---|---|
|Provision of disability services
**Other Income**
Investment Income
Interest receivable and similar income
Other Income
Government grants|Unrestricted
Funds
Total 2020
Total 2019
£
£
£|
||536,588
536,588
557,627
Unrestricted
Funds
Total 2020
Total 2019
£
£
£|
|||
||2,993
2,993
1,836
48,903
48,903
0|
||51,896
51,896
1,836|
## **5. Other Income**
22
## Disability Initiative year ended 31 December 2020
Notes to the Financial Statements
## **6. Expenditure on raising funds**
Costs of generating donations and legacies
|Note
Other direct costs of generating
voluntary income
Allocated support costs
8|Unrestricted
Funds
Restricted
Funds
Total 2020
Total 2019
£
£
£
£|
|---|---|
||408
408
19,236
13,344
13,344
16,599|
||13,752
13,752
35,835|
## **7. Expenditure on charitable activities**
|Note
Provision of disability services
Allocated support costs
8
Governance costs
8
Raising Funds
Services to Clients|Unrestricted
Funds
Restricted
Funds
Total 2020
Total 2019
£
£
£
£
294,772
294,772
313,326
326,984
11,073
338,057
276,669
5,500
5,500
7,250|
|---|---|
||627,256
11,073
638,329
597,245|
||13,752
13,752
35,835
613,504
11,073
624,577
561,410|
||627,256
11,073
638,329
597,245|
£627,256 (2019: £586,666) of the above expenditure was attributable to unrestricted funds and £11,073 (2019: £10,112) to restricted funds.
## **8. Analysis of governance and support costs**
Support costs allocation
|Staff costs
Legal and professional
Premises and equipment maintenance
Other
Amortisation, Depreciation and
disposals
Outings and catering
Bad debt provision
Governance costs|Raising
Funds
Services to
Clients
Total 2020
Total 2019
£
£
£
£
6,139
168,268
174,407
144,875
4,388
4,388
8,775
4,652
54,365
59,017
47,588
2,553
46,987
49,540
41,683
42,634
42,634
32,086
196
196
1,662
7,875
7,875
-|
|---|---|
||13,344
324,713
338,057
276,669|
||5,500
5,500
7,250|
23
## Disability Initiative year ended 31 December 2020
Notes to the Financial Statements
Governance costs
|Audit of the financial statements|Unrestricted
Funds
Total 2020
Total 2019
£
£
£|
|---|---|
||5,500
5,500
7,250|
Trustees expenses consists of £NIL (2019: £376) for trustees’ meeting expenses and £NIL (2019: £NIL) for trustees’ training costs.
## **9. Net incoming / outgoing resources**
Net outgoing resources for the year include:
|Amortisation of fixed assets
Depreciation of fixed assets|2020
2019
£
£|
|---|---|
||4,194
0
34,246
32,086|
## **10. Trustees remuneration and expenses**
No remuneration was paid to the trustees in either year and nor were any travel expenses reimbursed to any trustees. Expenses relating to trustee’s meetings and trustee training costs are shown under governance costs. See note 8.
## **11. Staff Costs**
The aggregate payroll costs were as follows:
|Wages and salaries
Social security costs
Pension costs
Staff training and recruitment|2020
2019
£
£|
|---|---|
||387,405
354,622
31,678
26,640
18,371
20,082
5,729
8,449|
||443,183
409,793|
Employee costs, including pension costs, are split between activities based on the number of sessions provided to clients.
The monthly average number of persons (including senior management team) employed by the group during the year expressed as full-time equivalents were as follows:
|Disability services
Management and administration|2020
2019|
|---|---|
||15
15
4
4|
||19
19|
The total employee benefits of the key management personnel of the group were £121,623 (2019: £133,926).
24
## Disability Initiative year ended 31 December 2020
Notes to the Financial Statements
## **12. Auditor’s remuneration**
|Audit of the financial statements|2020
2019
£
£|
|---|---|
||4,500
7,250|
## **13. Taxation**
The group is a registered charity and is therefore exempt from taxation.
## **14. Intangible fixed assets**
|**ntangible fixed assets**||
|---|---|
|Group
Cost
At 1 January 2020
Additions
Transfers
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
At 31 December 2020
Net book value at 31 December 2020
Net book value at 31 December 2019
Charity
Cost
At 1 January 2020
Additions
Transfers
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
At 31 December 2020
Net book value at 31 December 2020
Net book value at 31 December 2019|Software
Total
£
£
0
0
16,776
16,776|
||16,776
16,776|
||0
0
4,194
4,194|
||4,194
4,194|
|||
||12,582
12,582|
||0
0|
||Software
Total
£
£
0
0
0
0
0
0|
||0
0|
||0
0
0
0|
||0
0|
|||
||0
0|
||0
0|
25
## Disability Initiative year ended 31 December 2020
Notes to the Financial Statements
|**15. **|**Tangible fixed assets**
Group
Cost
At 1 January 2020
Additions
Transfers
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
At 31 December 2020
Net book value at 31 December 2020
Net book value at 31 December 2019
Charity
Cost
At 1 January 2020
Additions
Transfers
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
At 31 December 2020
Net book value at 31 December 2020
Net book value at 31 December 2019|Land and
Buildings
Furniture
and
Equipment
Equipment
Total
£
£
£
£
526,729
475,410
179,521
1,181,660
43,541
43,541|
|---|---|---|
|||526,729
475,410
223,062
1,225,201|
|||92,130
344,674
142,661
579,465
5,267
13,072
20,103
38,442|
|||97,397
357,746
162,764
617,907|
||||
|||429,332
117,664
60,298
607,294|
|||434,599
130,736
36,862
602,195|
|||Land and
Buildings
Furniture
and
Equipment
Equipment
Total
£
£
£
£
526,729
475,410
140,608
1,142,747
20,430
20,430|
|||526,729
475,410
161,038
1,163,177|
|||92,130
344,674
107,613
544,417
5,267
13,074
13,356
31,697|
|||97,397
357,748
120,969
576,114|
||||
|||429,332
117,662
40,069
587,063|
|||434,599
130,736
36,860
598,330|
Included within the net book value of land and buildings above is £429,332 (2019: £434,599) in respect of leaseholds.
The leasehold building is the Resource Centre in Camberley, which is stated at historical costs less depreciation. The lease of the land for the Centre is for a period of 99 years, expiring on 26 January 2099. The annual ground rent amounts to £3,500.
## **16. Heritage assets**
|Group and Charity
Valuation
At 1 January 2020
At 31 December 2020
Depreciation
Net book value
At 31 December 2020|Jewellery
Total|
|---|---|
||4,600
4,600
4,600
4,600
-
-
4,600
4,600
4,600
4,600|
26
Notes to the Financial Statements
## Disability Initiative year ended 31 December 2020
The asset was professionally valued on donation and the trustees review this at each year end. There have been no additions or disposals of heritage assets in the last 5 years.
## **17. Subsidiary undertaking – Disability Initiative Services Ltd**
The charity’s wholly owned trading subsidiary, Disability Initiative Services Ltd (DIS), is a company incorporated in England with the company number 02915444. The registered office is Resource Centre, Knoll Road, Camberley, Surrey, GU15 3SY. The share capital, comprising of 100 Ordinary £1 shares was purchased at a cost of £100 and was held by the charity throughout the year. The shares are shown at cost value in the accounts.
DIS provides services to disabled people in the Resource Centre in Camberley, Surrey. It funds its activities by selling sessions to social services, health organisations and private individuals. When DIS earns any profit above a basic minimum threshold required for the continued maintenance of its working capital and operations, it pays the profit to the charity by gift aid. DIS also operates some services including payroll on behalf of DI and these are recharged to DI by DIS.
DIS has been included on the consolidated accounts and a summary of its individual trading results is shown below:
|Turnover from provision of Disability Services
Other income
Operational and administrative expenses
Operating profit / (loss)
Other interest receivable and similar income
Retained in the subsidiary
Fixed assets
Current assets
Current liabilities
Net assets
Aggregate share capital and reserves|2020
2019
£
£
524,417
543,019
48,935
0
(601,352)
(557,511)|
|---|---|
||(27,999)
(14,492)
79
293|
||(27,920)
(14,199)|
||32,812
3,867
229,612
162,415
(287,035)
(162,973)|
||(24,611)
3,309|
|||
||(24,611)
3,309|
## **18. Results of the parent undertaking**
The gross income and result of the parent charity excluding those of its subsidiary were as follows:
|Total income
Net movement in funds
**19. Stock**|2020
2019
£
£|
|---|---|
||305,138
231,851
113,314
7,931|
|Stock|Group
Charity
2020
2019
2020
2019
£
£
£
£|
|---|---|
||100
100
-
-|
27
## Disability Initiative year ended 31 December 2020
Notes to the Financial Statements
## **20. Debtors**
|**ebtors**||
|---|---|
|Trade debtors
Due from group undertakings
Prepayments
Other debtors|Group
Charity
2020
2019
2020
2019
£
£
£
£|
||117,212
122,277
21,334
20,665
-
185,720
108,595
7,952
10,558
1,524
178
-
-
184|
||125,164
132,835
208,578
129,622|
## **21. Cash and cash equivalents**
|Cash in hand
Cash at bank|Group
Charity
2020
2019
2020
2019
£
£
£
£|
|---|---|
||1,628
774
912
286
402,310
254,076
275,102
204,240|
||403,222
254,850
276,014
204,526|
## **22. Creditors: amount falling due within one year**
|Trade creditors
Other taxation and social security
Other creditors
Accruals & deferred income|Group
Charity
2020
2019
2020
2019
£
£
£
£|
|---|---|
||14,364
11,507
3,300
(54)
60,699
32,355
2,511
4,830
133
99
53,651
9,548
26,476
4000|
||131,225
58,240
29,909
4,045|
## **23. Pension and other schemes**
The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £18,371 (2019: £20,082).
## **24. Commitments**
## _Charity_
The charity had total commitments under non-cancellable operating leases for the Resource Centre as set out below:
|et out below:||
|---|---|
|No later than one year
Later than one year and no later than five years
Later than five years|2020
2019
£
£|
||3,500
3,500
14,000
14,000
259,000
266,000|
The ground rent is currently funded by an annual grant for the same amount from the landlord, Surrey Heath Borough Council.
28
## Disability Initiative year ended 31 December 2020
Notes to the Financial Statements
## **25. Funds**
|Group
Unrestricted Funds
General
Designated
Total unrestricted funds
Restricted Funds
Buildings
Rehabilitation project – community fund
Motomeds
COVID 19 Response project
Other projects and equipment
Total restricted funds
Total funds
Group
Unrestricted Funds
General
Designated
Total unrestricted funds
Restricted Funds
Buildings
Rehabilitation project – community fund
Motomeds
COVID 19 Response project
Other projects and equipment
Total restricted funds
Total funds|Balance at
1 January
2020
Incoming
Resources
Resources
Expended
Balance at
31
December
2020
£
£
£
£|
|---|---|
||691,855
583,777
(596,702)
678,930
140,000
140,000|
||831,855
583,777
(596,702)
818,930|
||85,779
(3,276)
82,503
1,958
7524
(184)
9,298
3,624
(953)
2,671
99,420
99,420
13,124
2,450
(6,660)
8,914|
||104,485
109,394
(11,073)
202,806|
|||
||936,340
693,171
-607,775
1,021,736|
||Balance at
1 January
2019
Incoming
Resources
Resources
Expended
Balance at
31
December
2019
£
£
£
£|
||694,645
583,876
(586,666)
691,855
140,000
140,000|
||834,645
583,876
(586,666)
831,855|
||89,313
(3,534)
85,779
2,163
(205)
1,958
4,895
(1,271)
3,624
11,593
7,100
(5,569)
13,124|
||107,964
7,100
(10,579)
104,485|
|||
||942,609
590,976
(579,245)
936,340|
29
## Disability Initiative year ended 31 December 2020
Notes to the Financial Statements
|Charity
Unrestricted Funds
General
Designated
Total unrestricted funds
Restricted Funds
Buildings
Rehabilitation project – community fund
Motomeds
COVID 19 Response project
Other projects and equipment
Total restricted funds
Total funds
Charity
Unrestricted Funds
General
Designated
Total unrestricted funds
Restricted Funds
Buildings
Rehabilitation project – community fund
Motomeds
Other projects and equipment
Total restricted funds
Total funds|Balance at
1 January
2020
Incoming
Resources
Resources
Expended
Balance at
31
December
2020
£
£
£
£|
|---|---|
||688,648
198,657
-183,664
703,641
140,000
140,000|
||828,648
198,657
-183,664
843,641|
||85,779
-3,276
82,503
1,958
7524
-184
9,298
3,624
-953
2,671
99420
99,420
13,124
2,450
-6,660
8,914|
||104,485
109,394
-11,073
202,806|
|||
||933,133
308,051
-194,737
1,046,447|
||Balance at
1 January
2019
Incoming
Resources
Resources
Expended
Balance at
31
December
2019
£
£
£
£
677,238
226,295
(214,885)
688,648
140,000
-
-
140,000
817,238
226,295
(214,885)
828,648
89,313
(3,534)
85,779
2,163
(205)
1,958
4,895
(1,271)
3,624
11,593
7,100
(5,569)
13,124
107,964
7,100
(10,579)
104,485
925,202
233,395
(225,464)
933,133|
The specific purposes for which the funds are to be applied are as follows:
## _Restricted Funds_
- a) Buildings:
All other restricted grants and donations relating to the original constructions cost of the Resource Centre are held within this fund. These appeals are now closed. All outgoings relate entirely to depreciation.
- b) Rehabilitation Project – Community Fund:
30
## Disability Initiative year ended 31 December 2020
Notes to the Financial Statements
In 2001, the Charity embarked upon a project for the establishment of a Specialist Rehabilitation service, which received start-up funding from the Big Lottery Fund. Project funding came to an end in February 2004. Since, some of the funding was spent on capital equipment, depreciation charges will continue to be made against the fund for a few more years, until the fund is fully utilised.
- c) Motomeds:
During 2015 the Charity received fund for the purchase of 3 Motomed devices and related accessories. These funds are to be held in a separate restricted fund until the equipment has been fully depreciated or disposed of.
- d) COVID 19 Response Project:
This year the charity received a grant from the National Lottery Community Fund in order to implement a slow stream rehab project on discharge from hospital as a result of the COVID19 pandemic and the impact it has had on physically disabled people and their families. Funds have been used during the year to introduce this project an pay related costs of equipment and staff.
- e) Other projects and equipment:
As part of its continuing work, the charity seeks support from both the general public and other donors in the financing of its activities and its specialist equipment. When funds are received in response to specific requests, they are held in separate restricted funds until they have been spent or, if a fixed asset is purchased, until that asset has been fully depreciated.
## _Unrestricted Funds_
Within the unrestricted funds, in view of the expected maintenance needs of the Resource Centre over the short to medium term, the trustees have elected to maintain a designated fund to represent the cash set aside to meet these future costs as they arise.
## **26. Analysis of net assets between funds**
|Group
Tangible fixed assets
Heritage assets
Current assets
Current liabilities
Total net assets
Charity
Tangible fixed assets
Heritage assets
Investments
Current assets
Current liabilities
Total net assets|Unrestricted funds
Restricted funds
Total funds
£
£
£|
|---|---|
||498,448
121,428
619,876
4,600
4,600
528,485
528,485
(131,225)
(131,225)|
||900,308
121,428
1,021,736|
||Unrestricted funds
Restricted funds
Total funds
£
£
£|
||465,636
121,428
587,064
4,600
-
4,600
100
-
100
448,605
-
448,605
(29,909)
-
(29,909)|
||889,032
121,428
1,010,460|
31
## Disability Initiative year ended 31 December 2020
Notes to the Financial Statements
## **27. Detailed Profit and Loss – Charity only**
|Donations and Grants
Provision of Disability Services
Rental Income
Direct Salaries
Activity and Buddy Scheme Expenses
Event Costs
Other Fundraising and Publicity Costs
Gross Profit
Rent
Rates and Water
Light and Heat
Insurance
Other Office Costs
Intercompany Recharges
Wages
Bank Fees
Depreciation
Accountancy Fees
Audit Fees
Bad Debts
Operating Profit
Bank Interest Received
Net Profit|2020
2019
£
£
£
£|2020
2019
£
£
£
£|2020
2019
£
£
£
£|
|---|---|---|---|
||122,758
146,392
35,988
42,378
13,864
0
196
0
335
2,978
1116
212
2,777
92,061
419
31,696
500
4,500
1,705|31,513
164,351
35,987
305,138
90,530
32,147
3,754
1,197
56,438
248,700
3,500
753
2,793
1,113
7,600
2,405
40,585
444
30,792
0
7,850
0
138,299
110,401
2,913
113,314||
||||231,851|
||||127,628|
||||104,223|
|||||
||||97,835|
||||6,388|
||||1,543|
||||7,931|
32