Company Reglstratlon Number.. 03029077 Charity Re8istration Number: 1049002 Disability Initiative la Company Ilmed by8uaranteel Annual Report and Financial Statements for the year ended 31 December 2023 ADOH3P43* 1210912024 COMPANIES HOUSE
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Disability Initiative year ended 31 December 2023 Contents.. Reference and Admlnistratlve Detsils Chairmans Report Trustees Report Statement of Trustee's Respon51bllltles Independent Auditorfs Report Consolidated Statement of Financial Activities Con501idated 8alante Sheet Balance Sheet Notes to the Flnancial Statements io 13 14 15 16
Disability Initiative year ended 31 December 2023 Reference and Adminlstrative Detsils Chairman Slr A V Morrls Chief Exècutlve Offlcer Lucy Brown Trustees Mr G Bianell Mrs M Calder Mrj Scott Mr5 E Kennedv Sir A V Morrls Mr R N fti¢ketts CBE Mr D Whittle Mr T Torrington- Resigned li December 2023 Mr A Cochrane-Appointed 18 March 2024 Principal Offlce and Re8lStered Offlce Re50urce Centre Knoll Road Camberley Surrey GU15 35Y Company Re8lStraiion Number 03029077 Charlty Re8lstratlon Number 1049002 Auditor Branston Adams Sulte 2 Victoria House South Street Farnham Surrey GU9 7QU Bankers Lloyds Bank PLC 19-23 Obelisk Wav Camberley Surrey GUIS 35E Handlesbanken Bank PLC Buildine 4.3 Frimley Business Park Frimley Surrey GU16 7SG
Disability Initiative year ended 31 December 2023 Chaiman's Report Dear Shareholders, Stakeholders and Supporters It brlngs me immense pleasure to present to you my Chalman's Statement for the 2023 Annual Report. This year has been marked by exceptional progress and notable achievements in our ongoing commitment to empowering individuals wlth dlsabllltles and fosterlng a more inclusive 50ciety. Flrst and foremost, l am thrllled to announce the successful completlon of our inaugural year of DI Adept. a transformative initiative made possible through the generous funding from The National Lottery Community Fund. DI Adept has not only expanded our reach but has also allowed us to develop tailored programs and services that cater to the diverse needs of indlviduals with disabilities. empowering them to lead fvlfilling lives. Throughout the year, we undertook significant organisational improvements to enhance ou¢ effltlency and effectlveness. Thls Included the update of our Job Classification process, ensurln8 that roles within our or8anlzatlon are accurately deflned and aligned with our ml551on. Additionallyi we restructured our Fleet servlce to optlmlse resources and improve accesslblllty for our cllents. A key hi8hlight of the year was the comprehen51ve overhaul of our finance department's sterns, procedures, and structures. Thls Initiative ha5 strengthened our flnancial manasement practices, ensurlng transparency, accountability, and compliance with regulatory Standards. This Teflert5 our commitment to sound 8overnance practlces. Furthermofe. we have made substantlal investments in sustaSn•billty Inltlatlves, Includln8 the installatlon of solar pane15 at Ouf Camberley and Fleet locations. Not only have these Inltlatlves reduced our carbon footprlnt and energy bills. but they have also Increased our operatlonal efflclency, contrlbutlng to our broader commltment to envlronmental Stewardshlp. In response to the evolvlng threat landscape, we prlorltlsed cybersecurlty measures and investing in trainin8 and implementing robust protocols. We have also fortified our defences agalnst cyber threats. safe8uardin8 our operatlons and sensitive data. Our dedication to enhanclng the quallty of life for individuals wlth disabllitlesls reflerted in the myriad of partnerships and initiatlves we have forged throughout the year. The generous legacy received from a former volunteer and funds ralsed from events Ilke the Swinley Golf Day have allowed u5 to Invest in essentlal projects and Infrastructure enhancements, ensurlni that our facllltles are accesslble and Inclu51ve for •ll. Moreover, our commltment to f05terln8 communlty en8a8ement and support remalns unwavering. Inltlatlves such as the Carer5 Gatherln8 Grant, generously provlded by the Leo Llon Foundation. have enabled us to provide vital support and resources to ureii¥ers, ensurln8 they receive the assistance they need to fvlfill their Invaluable role. l am partlcularly proud of the si8nificant impact we have made on the lives of our cllents. Through our pro8rams and services, we have provided over 10,000 breakfa5t5 to indNlduals In need, thank5 to our partner5hlp wlth the Warburtons Foundatlon. Addltlonally, Initiatives like the Davlncl Foundation wheelchalr purchase and Avians mentorlng for management have empowered our dients and staff alike. enablin8 them to achleve thelr goals and reach thelr full potentlal. One heartwarming example of ovr Clients, resilience and determlnatlon is the story of two sons who walked the three peaks and raised £3.000 for DI. Their remarkable efforts ser¥e as a testament to the transformative impact of our programs and the unwavering support of our community. As we reflect on the past year. we are deeply grateful for the dedication and hard work of our staff, trustees, partners and supporters. whose unwaverlng commitment has been instrumental in Our success. Together, we have achieved remarkable progre55 In advancin8 our mission of inclusivity, accesslblllty, and empowerment.
Disability Initiative year ended 31 December 2023 We bld a fond farewell to Trevor Torrington. who has emigrated. We would like to Say a huge thank you for his expertise and dedication to 01 durln8 his time as a Trustee. Looking ahead, we remain steadfast In our commitment to serving individuals wlth dlsabllltles and championing their rights. With your continued support, we are confident that we will contlnue to make significant strides towards a more Inclusive and equitable society. Thank you for your ongoin8 SUPPOrt and commltment to our shared vision Slr A V Morrls Chalrman
Disability Initiative year ended 31 December 2023 Trustees Report Introductlon Disability Inltiative {Dll is proud to present its Annual Report for the year 2023. Throughout this year. we have remained steadfast In our commitment to empowering indlvlduals Wlth dlsabilitie5. fostering inclusivity and advocating for a more accessible soclety. The responsibility of Trustees at Disability Initiative extends beyond oversighi to artively reviewing the organlsatlon's strategy, standards, and risks. Trustees play a crucial role In ensuring thal the executive team has clear guidance and robust support to rnaintain an outstandlng level of service. 8y regularly evaluating strategic plans and operatlonal standards, Trustees help align Dl's objectSves wrth its mlssion. They also assess potential rlsks and analyse mitigation strategies to safeguard the charity's resources and reputation. This comprehenslve overslght ensures that the charlty operates efficientty. ethlcally, and sustainably. ultlmately enhanclni Its ability to deliver e¥tèptlonal services to indlvldu•ls wlth dlsabilities. The Fleet DI Satellite service in the heart of Fleet Town centre, celebrates its S anniversary thls year. It currently provides Services to 32 clients over three day5 a week, whlch has reduced from five days a week crlsls SUPPOrt durlng the COVID period. We aim to Increase the nurnber of days and client base over the next 2 years and wlll contlnue to develop the locatlon as a locally based resource for the community of Fleet. Having been based In our Camberley premises for 25 years, we have been addressing the natural wear antl tear of the buildln8 and equlpment for the past decade. We had sei aside a reserve of £140,000 to handle anv dllapidatlon Issuts, and over the past 18 months, we have used £99.0 of thls fund to Install a new Ibft. boller and windows. The Trustees regularly assess the chartty's future needs and potential asset replacements and recommend the transfer additional funds to the Buildlng Malntenance Fund as requlred, Additionally, we continuously seek funding through donatlons to Invest In therapy and IT equlpment for our clients, enhanclng their learning environment and wellbeing. tPro ect.. The Adept Prole¢t, launched in September 2022, h•$ $18nlflcantly shaped our approach to supportln8 individuals with disabilltles. Thls projert utilises a range of local external tutors, experts, small buslnesses and sole ira(iers, who work alongside Ol's Keyworkers wlthin our Resource Centre or in the community. Together. they have delivered dlverse actlvlties deslBned to support Ol's clients In malntalnln8 Independence and livln8 well in thelr communltles. The Adept Projert has forged stron& positive relationships between people fmm varlous back8rounds, sharing Ilved experlence5 and fosterin8 soclal cohe51on, This initiatlve has been especially cruclal glven the profound Impacts of Covld. the cost of Ilvlng erlsls and the challenge5 wlthln the NHS and Soclal Cire. Many of our cllents face poverty. Increased hardshlp and food insecurity, whlle those with newly acquired dlsabllltle5 or braln Injuries often experlence long dela in a¢cessln8 services. To addre5$ these challenges, the Adept Project focuses on early Interventlon and preventlon, offerln8 program5 in.. Mobility and fitness Life, social and independent livlng skills Health and wellbeing - Creative arts Cognitive. speech and language ski115
Disability I nitiative year ended 31 December 2023 Trustees Report Educatlonal and prevocational tralnlng Throughout the yèar, 20 independent tutors delivered 1,150 sessions under the DI Adept project, Impartin skills and knowledge whlle learning about the impart of disabilities. This tollaboratlon has promoted equal opportunltles for learnin& prevented isolation and sUPPOrted local etonomies. In 2023. 86% of clients achieved or exceeded their goals, wlth notsble success in Creative Arts. where of participants met thelr goa15 Ind 60% exceeded them. Tutor Feedback Example: Pfactlcal Skllls Sesslon Practical Skills Sesslon Tutor. Darron, shared his experlence: utorin8 this group has raised my awareness of disabllltles and how It can affect the clients and society. It has caused me to thlnk about how people with limb functlonlloss could use hand and power tools In a safe manner, how to orianlze pieces of work so that they are easily accesslble for wheelchair users, and how to prepare the workstation for the cllent5 to produce pleces In a safe workln8 envlronment.. rd n Pro ect.. Cultivatin Incluslon Funds raised from the Swinley Charlty Golf Day enabled DI to launch the Garden Prolect in 2023. The funds ralsed from th15 event enabled us to refurbish the Camberley Resource Centre Garden. creating a beauliful and accessible outside Space for our community. With the 8enerous support of Kebur Landscape Company, whlch provlded essentlal landscaplng servlces, and Squlres Garden Cenlre, that donated a Vibrant èrray of plants, we have transformed the iarden into a welcoming haven for iherapeutlc hortlculture artivities and communlty 8atherin8s. Thls InltlatSve f05ters a sense of eommunity and well.bein8 among partlclpants, hlghll8hting the importance of inclusive outdoor spaces. Dona lon from the We are grateful for the sUPPQrt rereived from the Warburtons Foundatlon, who 8enerously donated weekly products to DI In 2023 for many of the DI Clients who are In food poverty. Thls ensured breakfast was available to all every day, cllents could take products home and DI would donate any rernalnin8 products to the local Homeless Hub. Thls contribution has significantly benefited our Clients provldln8 over 120CX) breakfasts durlni the year, Carers Evenln Fundin Enhantin ort for Informal Carer Cuts in publlc spending and budget constralnts have led to reduced fundin8 for support sep41ces for physlcallv dlsabled indivlduals, affertln8 at¢ess to esstntlal setvlces such as personal care, healthcare, rehabllltation and specia115ed equipment. Families are bearin8 the burden of provldini addltlonal care. which Is both emotlonally, physically and financially challen8lng. Over the past few year5. DI ha5 Wltnessed the incfeaslnE neElect of informal carers, needs and well-being as they prioritise their loved one5. This 155ue has been exacerbated by the Covid-19 pandemlc, leadlng to feelings of i501ation, depre55ion. stress and burnout amon8 carers. According to Carers.or& informal carers save the UK £162 bllllon pef year {Petrlllo and Bennett, 20231. Recogn151ng the crltical role carers play* DI has been runnln8 Carers Evenln8s for several years. providlng significant benefits. However. these evenings were funded through small donatlons and the goodwill of many kind people, making it difficult to sustain regular sesslons. To address this, DI applied to the Community Foundation for Surrey for two years of fundin8 for the Caiers Group and was thrilled to be awarded fundlng for 2022123. Thls secured the continuation of the Carers
Disability Initiative year ended 31 December 2023 Trustees Report Evenlngs, which invest in carers to enhance their abllity to manage caregiving responslbllltles with confidence and resilience. ultimately reduclng the strain on the healthcare system and social servlces. While the Carer5 Evenln85 are always enjoyable, each session is deslgned to provide.. l. Support and advice 2. Tralnlnl and guidance 3. Resplte servlces 4. Peer 5UPPOrtlcommunity networks S. Advocacy and access to resources 6. Transferable ski115 During the period, on average. 20 carers attended each of the bl-monthly se55ions, wlth feedback bein8 100% positive. Further fundlng applications are being pursued for 2024125126 to contlnue these vital Carers Evenln8S. Investln8 In carer5 not only 5UPPOrts thelr well.belng but also ensures they can provlde the best care for theli loved ones, fosterin8 a healthier and more resilient communlty. We contlnued to prlorltlse support for carers through our dedicated Carers Group5. These group5 provlde • ¥ltal network for Indlvlduals caring for loved ones with dlsablllties, offerln8 a platform for mutual support, informatlon exchange. and respite opportunlties. The fundln8 allocated to these 8roups has been Instrumental in enhan¢lng the well-belng of both carers and those they care for. Collabor n with Surre and Ham shlre: U Services Dl's Patron, HRH The Duchess of Edlnburgh, hosted a round table Think Tank at her home in July. Attendees Included leJder5 of Health and Soclal Care from Across Surreyi Hampshlre and Befkshlre and held a robust discusslon •l>out how we Can all evolve and collaborate across every sector and reach more Individuals and focus on early intervention and prevention sep41ces across these countles. Through strate8ic partnershlps and community engagement, DI is committed to expanding access to our programs. advocating for pollcy changes. and fostering a more inclu5bve soclety for Individuals With disabilltles. Conclu51on A5 we reflect on the achievements of 2023, Disability Initiative remains dedicated to its mission of empowerlng Ilves and enabling opportunities for indlvlduals with disabilities. We extend our heartfelt gratitude to our supporters, partners, volunteers, and the entlre DI communlty for thelr unwaverin8 commltment and collaboratlon. Tolether. we wlll contlnue to strlve for a more Inclusive and acce551ble future for all. Charlty Financial Position rhe charity reports a ¢onsolidaied surplus of £43,864 for 202312022 - É52.8181. This Is lar8ely due to a 8enerous le8acy from a former volunteer of £80,000. Therefore, our underlyin8 ser41ces to clients have noi been sufflclent to cover our costs for the past 2 years. Our key almls to establlsh full cost recovery from the Local AuthorleS over the next financial year. Management has also taken a number of steps to contain spendlng and increase the client base for 2024. Whilst it Is acceptable practlce for a charity to rely on grants and donatlons to fund Its sep4lces. the current oeonomlc backdrop contlnues to be a challenge.
Disability Initiative year ended 31 December 2023 Trustees Report Reserves The charivs reserves stand at just over £1,000,000 as of 3111 December 2023, wlth cash reserves at E330,000. With £750.LKJO of the reSenS being unrestrlcted, this is sufficient to malntaln the quality of seryices at the current standard to our existing client base for the foreseeable future. Our cash reserves are invested on a prudent basis. where we seek to achieve the maximum return for the mlnimal risk by usln8 high interest shorL medium and lon8-term deposlt accounts. Principle Risks & Goln8 Concern Our management and trustees continually monitor the potential micro and macro risks to the charity. The estab115hment of a finance committee during the year has allowed the trustees greater transparency over the finances and understandlng of the dlrectlon of the Orlanlsatlon. In addltlon to the quarterly flnance commlttee and trustees, board meetln8s. the management and trustees meet every Sprlng through a strate meeting to reflect on the previous yearfs results and plan ahead. The ¢hariWs on8oin8 strategic plan is updated annually. The charitye5 rlsk re81ster. which covers an assessment of key rlsks, causes. conseguen¢es. Ilkellhoods and sl8nlficance, Is re8ularl¥ monltored by management and contlnually referred to at board level. The charlty b1115 local 8overnment for it5 5erylce contrarts, as well as indivlduals, ènd is therefore ultimatelv dependent on the flnanclal stablllty of the local 8overnment. In addition. the charity Is rellant on government and other charllable or8anlsatlon5 and initiatives, as well a5 donatlons from local companle5 and indlvlduals, to meet public beneflt. The current economi¢ uncertainty In our sector and across the country as whole is factored Into the Trustees dellberatlons and the strategic plannlng.
Disability Initiative year ended 31 December 2023 Statement of Trustee's Responsibilities The trustees Iwho are also the directors of Dlsability Initiative for the purposes of company lawl are responsible for preparlng the trustees, report ènd the financlal statements in accordance with the United Klngdom Accounting Standards (United Kingdom Generally Accepted Accountin8 Practlcel and appllcable law and regulations. Company law requires the trustees to prepare financial ststements for each financial year. Under company law the trustees must only approve the financlal statements when they are sat15fied that they give a true and fair view of the state of affairs of the charitable company, of its incomin8 and application of resources. includin8 its income and expenditure. In preparln8 these financial statements. the tru5tee5 are required to., select sultable a¢¢ountin8 pollcles and apply them conslstently; obserrfe the methods and prin¢lples in the Charltles SORP; make judgements and estlmates that are reasonable and prudent,- slate whether applicable UK Accounting Standards have been followed. subject to any material departures di5c105ed and explained in the financial statements. and prepare the financial statements on the going concem basls unless it is Inappropriate to presume that the charitable company wlll contlnue In business. The trustees are re5ponslble for keepln8 odequate accountlng records that are Sufflclent to show and emplaln the charitable company's tfansartions and dlsclose with reasonable accuracy at any time the financial posltlon of the charltable company and enable them to ensure that the fSnanclal statements comply wlth the Companles Act 2006. They are also responslble for safegyardlng the assets of the charltable company and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. Auditor Each of the person5 who Is a trustee at the date of approval of thls report conflrms that: $0 far as they are aware, there Is no relevant audlt Informatlon of whlch the ¢harlty's audltor 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 audltor is aware of that information. The audltor Is deemed to have been appolnted In accordance wlth 5e¢tion 487 of the Companles Act 2006. The trustees are responslble for the malntenance and integrity of the corporate and flnanclal Informatlon Included on the charltable company's websSte. Le81slatlon in the Unlted Kln8dom 8overnln8 the preparation and di55emination of financial statement5 ma differ from le8lslatlon In other jurisdictions. Approved by the trustees of the tharlty on .and $18ned on its behalf by: Slr A V Morrls Chalrman
Disability Initiative year ended 31 December 2023 Independent Auditorfs Report to the Members of Disability Initiative inlon We ha¥È audited the financial statements of Disability Initiative (the 'charitable parent company'l and its subsidiaries {the'group'l for the year ended 31 December 2023, which comprise the Consolidated Statement of Financial Activltles, Consolidated Balance Sheet. Balance Sheet, Consolidated Ststement of Cash Flows and Notes to the Financial Statements, includln8 a summary of significant accounting policles. The financial reporting framework that has been applled in their preparation is Uniled Kingdom Atcountln8 Standards, comprisin8 Charitles SORP . FRS 102'The Flnanclal Reporting Standard applicable In the UK and Republlc of Ireland, and appllcable law (United Klngdom Generally Accepted Accountin8 Practlcel. In our oplnion the flnancial statements: give a true and falr vlew of the state of the group's and parent charity's affalrs as at 31 December 2023 and of the group's results for the year then ended; have been properly prepared In accordance wlth Unlted Klngdom Generally Accepted Accountln8 Practlce: Ind have been prepared In accordance wlth the requirements of the Companles Act 2006 and Charltles Act 2011 Basls for o inion We conducted our audit In accordance with International Standards on Auditini IUKI IISAS IUKII and applicable law. Our responslbllllle5 under those standards are further descrlbed In the Audltor's re5ponslbllltles for the audit of the financlal 5taternenls sectlon of our report. We are Independent of the group In accordance wlth the eihlcal requlrements that are relevant to our audit ol the financlal st•iements In the UK, Includlng the FRC'S Ethlcal Standard, and we have fulfilled our other ethical responsibilities In accordance wlth these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. nclusions rel We have nothln8 to report In respect Of the tollowln8 matters In relatlon to whlch the JSAs IUKI requlre us to report to you where: the trustees use of the goini concern basis of accounting in the preparation of the financial statements is not appropriate,. or the trustees have not dlsclosed In the financial statements any identified materlal uncertaintles that may fast Sl8nlflcant doubt about the group's ability to contlnue to adopt the 8olng concern basls of accountln8 for a period of at least twelve months trom the date when the flnanclal statements are author15ed for155ue. Other information The trustees are responsible for the other Information. The other information comprises the Informatlon 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 ihe other Informatlon ènd, except to the extent othenvlse expllcltly stated In our report. we do not express •ny torrn of assurance concluslon thereon. In connection wlth our audlt of the financial statements. our responsibility is to read the other Information and, in doing 50, consider whether the other infomiation is materially incon5iStent with the financlal statements or our knowledge obtained in the audlt or otherwise appears to be materially misstated . If we identify such material incon515tencie5 Or apparent materlal mlsstatements. we are required to determine whether there is a material misstatement In the financial statements or a material misstatement of the other io
Disability Initiative year ended 31 December 2023 information. If, based on the work we have performed. we conclude that there 15 a material mi55tatement of this Other information. we are required to report that fact. Independent Audltorfs Report to the Members of Dlsablllty Initlative We have nothing to feport In thi5 regard. inion on other matters rescribed b the Com anies Act 2006 In our opinion. based on the work undertaken in the course of the audlt., the information given in the Strategic Report and Trustees, Report for the financial year for which the financial 5taiements are prepared is conslstent wlth the financial statements,. and the Strateglc Report and Trustees. Report have been prepared in ac¢ordance wlth applicable le8al requirements. Mèttefs on which we are re uired i re ortb exce tion In the li8ht of our knowledie and understandlni of the iroup and the parent charltable company and Its environment obtained In the course of the audlt. we have not Identlfled materlal m155tatements In the Strategi¢ Report and the Trustees, Report. We have nothln8 to report In respect of the followin8 matters where the Companies Att 2006 requlres us to report to you If, In our oplnlon,. adequate accounting records have not been kept by the parent charitable company. or returns adequate for our audlt ha¥e not been recelved from bran¢hes not vlsited by us; or the parent charitable company fin•nclal statements are not In agreement wlth the accountlnl records and returns; Gr certaln disc105ures of trustees, remuneratlon specified by law are not made: or we have not recelved all the informatlon and explanations we requlre for Ouf audlt. Iltle5 of trust As explained more fully in the Statement of Trustees, Respon5ibilltle515et out on page 111. the trustees a responslble for the preparation of the flnanclal statements and for being sallsfled that they glve a true and falr vlew, and for such Internal control as the truslee5 determlne Is necessary to enable the preparatlon af financlal statement5 that are free from materlal mlsstatement. whether due to fraud or error. In preparin8 the flnancial statements, the trustees are responsible for assessing the 8roup's and the parent charitable Company's abllity to continue as a going concern. disc105in8, as appllcable. matter5 related tQ 80ing concern and uslng the golng concern ba515 of accountln8 unless the trustees eliher intend to Ilquldate the 8roup or the parent charltable company or to cease operatlons. or have no realistlc alternative but to do so. Auditor's res onsibilitle audi Of fin ncial tem nt Our objectlves are to obtaln reasonable assurance about whether the financlal statements as a whole are free from materlal mlsstatement, whether due to fraud or error. and tolssue an audltor's report that include5 our opinion. Reasonable assurance Is a high level of assurance, butls not a guarantee that an audlt condurted in accordance with JSAS IUKI will always detect a material mi55tatement when It exists. Misstatement5 can arise from fraud or error and are considered materlal If. Indlvldually or in the ag8re8ate. they could reasonably be experted to influence the economic declslons of users taken on the basls of these financial ststements. As part of an audlt In accordance with ISAS IUK). we exercise profe55ional ludiement and maintain prole55ional scepticism throu8hout the audlt. We a150: Identify and asse55 the risk5 of materbal misstatement of the flnancial statements. whether due to fraud or error. design and perform audit procedures responsive to those risks. and obtain audit li
Disability I nitiative year ended 31 December 2023 evidence that Is sufficient and approprlate to provlde a basis for our opinion. The risk of not detectlng material misstatement resulting from fraud is higher than for one resulting from error. as fraud may Independent Auditorfs Report to the Members of Oisability Inr¢iatlve involve collusion. forgery. intentional omissions. misrepresentations, or the override of internal control. Obtain an understandin8 of internal control relevant to the audit in order to design audit procedures that are appropriate In the clrcumstance5, but not for the purpose of expressin8 an opinion on the effertlvene55 of the group's Internal control. Evaluate the appropriateness ot accountin8 polities used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustee5 use of the 8olng concern basis of accountSn8 and, based on the audlt evldence obtained. whether a material uncertalnty exists felated to events or conditlons that may cast slgnificant doubt on the group's or the parent charitable company'5 ability lo continue as a 8oln8 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 disclosure5 are inadequate, to rnodify our opinion. Our conclusions are based on the audit evidence obtalned up to the date of our audltor's report. However, future events or condltlons may cause the 8roup or the parent Charitable company to cease to contlnue as a going concern. Evaluate the overall presentatlon. structure and content of the financial statements, including the d15closures. and whether the flnanclal statements represent the underlyin8 transactlons and events in a manner thal achieve5 falr presentatlon. Obtaln sufflclent appropriate audlt evldence reiardlng the flnanclal Informatlon of the entltles or buslness actNities wlthin the 8roup to express an oplnion on the flnancial statements. We are responsible for the dlrectlon, superrfision and performance of the group audit. We remain solely responslble for our audit opinlon. We communlcate wlth those charged wlth governance re8ardln8, among other matters, the planned scope and tlmln8 of the audlt and slgnlflcant audit flndlngs. including any 51gnlflcant deficiencies In Internal control that we identlfy during our audit. This report is made solely to the charitable parent company's trustees, as a bodyi In accordance with Chapter 3 of Part 16 of the Companies Act 2006. Ouf audit work has been undertaken 50 that we might state to the 8roup's tru5tee5 those matters we are required to state to them in an audltor's report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume re5pon5iblllty to anyone other than the charltable parent company and Its trustees as a body. for our audit work. for this report. or for the opinions we have formed. Mr Paul Adam5 10 S. LOL4 Statutory Audltor Date For and on behalf of Branston Adam5, Sulte 2 Victoria House South Street Famham Surrev GU9 7QU 12
Disability Initiative year ended 31 December 2023 Consolidated Statement of Financlal Activities Year ended 31 December 2023 Note Unrestrirted Re5trirted Funds Funds Total Incoffle and Endowments from: Donations and legacies Charitable artivities 93.221 654.734 20.708 76,756 169,977 654,734 20,708 Other income Total income 768.663 76,756 845,419 EMp•ndllyr¢ on: Ra151n8 funds Charitable artlvltles {115,2531 (628,2941 {743.5471 13,2861 1118,5391 154,7221 1683,0161 158.0081 1801,5551 Total expenditure Net expendlture N•t mtw¢ment In lunds 25.117 18.748 18,748 43,864 43.864 25,117 Reconclllatlon ol funds: Total funds brought forward Totsl funds carried forward 855.770 884.270 115,779 131,143 971.549 1.015.413 25 Year ended 31 December 2022 Note Unrestrlcted Restricted Funds Funds Total Income and Endowments from: Donations and legacies Charitable actlvlties Other income Total income 6.945 601.752 28,539 637.236 58.292 65.237 601.752 28,539 695,528 58,292 Expendllure on: Raisin8 funds Charitable actlvltles Total expenditure 172,6311 636.1321 1708.7631 136,9811 1109,6121 (636,1321 36,9811 {745,7441 Nel expenditure Net m•)vement In funds 171.5271 171,527 21.311 21.311 150,216) 150.2161 RecoThdllatlon ol funds: Total funds brou8ht forward Total fund5 carried forward 927,297 855.770 94,468 1.021.765 115,779 971,549 25 All of the iroup's actlvltles derive from continuin8 operniions durln8 the above two perlods. The funds breakdown Is shown in note 24. 13
Disability Initiative year ended 31 December 2023 Con501idated Balance Sheet 2023 2022 Note Fixed Assets Tan8ible assets Intangible assets Heritage assets 14 13 15 644.940 5,307 4,600 654,848 579.093 7.077 4,6CrtI 590,770 Current Assets Stocks Debtors Cash at bank and in hand 18 19 20 loo 116,213 331,S54 447,867 100 92.205 380,404 472,709 Credltors.. Amounts fallin8 due wlthln one year 21 187.301) 191.9301 Net Current Assets 360.566 380,779 Net Assets 1.015,413 971.549 Funds of the Group Restrlrted funds Unrestrlcted funds Total Funds 132.976 882,437 1.015,413 115.778 855,771 971,549 24 The fina clal statements on pa8es 10 to 27 were approved by ihe trustees and authorised lor Issue £Y.and $18ned on thelr behalf bv.. Sir A V Morrls Chairman Date: 1111L4 14
Disabil ity Initiative year ended 31 December 2023 Balance Sheet- Registration number 03029077 2023 2022 Note Fixed Assets Tangible assets Heritage assets Investments 15 629,467 4.6LN] 100 535,043 4,600 Ic 16 634,167 539.743 Current Assets Debtors Cash at bank and In hand 20 209,253 288.860 498,113 218.113 318,069 536,182 21 Creditors: Amounts fallin8 due within one year 22 33,305 140.4281 Net Current Assets 464,808 495,754 Net Asseis 1.098.975 1.035.497 Funds of the Group Restfl¢ted funds Unrestrlrted funds 132.977 115,778 965,998 919,719 1,098,975 1,035.497 Total Fund5 25 The Charity made a Galn for the flnanclal year of £63.47812022 Loss . £8,423). The flnandal statements on pages 10 to 27 were approved by the trustees. and authorlsed for155ue on ,and sl8ned on thelr behalf by.. Slr A V Morrls Choirrnan 15
Disability Initiative year ended 31 December 2023 Notes to the Flnanclal Statements l. General Infoimatlon The charity is a private company limited by guarantee wlthout share capitsl, registered in England and Wales and a registered charity in England and Wales. The address of the reglstered office Is The Resource Centre, Knoll Road, Camberley. Surrey. GU15 3SY. The charlty 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 bè a mèmber In the previou5 twelve months wlll be liable to meet the net debts and liablllties Icontrarted before he or She ce•se5 to be a member) up to a maximum contribulion of £1, 2. Actountln Pollcles Summary of slgnlflcant account policies and key accoynting estirn¥tes The prlntlpal accountln8 pollcies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented. unless othenvise stated. St•i•m•nt of ¢ompllance The financlal statements have been prepared In accordance with A¢countln8 and Reportln8 by Charities.. Statement of Recommended Practice, appllcable to charltles preparlng thelr accounts In accordance with the Flnanclal Reportin8 Standard applicable in the UK and Republlc of Ireland IFRS 102 effectlve l January 2015- Charltie5 SORPI, the Companles Art 2006 and the Charlties Act 2011. The charlty constitute5 a public benefit entity as defined by FRSIO2. of pr•p•ratl*Jn Assets and Ilabllltles are Inltlally recoBnlsed at hlstorlcal cost or transartlon value unle55 Otherw15e stated In the relevant accounting pollcy notes. The finan¢lal statements are prepared In sterlln& whlch Is the functlonal currency of the entlty, Basls of consolldatlon The financlal statements consolldate the results and posltion of the subsldlary undertaklng on a Ilne by line basis in both the Statement of Financlal Actlvltles {including income and expenditure account) and the Balance Sheet. A separate Statement of Financial ActlvStle5 and Slatement of Cash Flows for the charlty has not been presented because the 8roup has taken advantage of the exemption afforded by sectlon 408 of the Companles Act 2006. Golnl Concern The trustee5 con51der that there are no materlal uncertainties about the charlty's ablllty to contlnue as a going concern nor any significant area5 of uncertainty that affect the carryln8 value of assets held by the charity. Income and endowments All incoming resources are Included In the statement of financial artivities when entitlement has passed to the charlty,. It Is probable that the economlc benefits assoclated wlth the transartlon will flow to the charity and the amounl can be rellably measured. The followin8 specific policies are applied to partlcular cate8ories of income.. Income from donations or grants is recognised when there is evidence of entitlement to the gift, recelpt is probable and Its amount can be measured reliably. Legacy income is recogni5ed when receipt 15 probable and entitlement is established. 16
Disability Initiative year ended 31 December 2023 Note5 to the Flnanclal Statements Income from donated goods Is measured at the fair value of the goods unless thls Is Impractlcal to measure reliably* In which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and serlices are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contrlbution of general volunteers. Income from contracts for the supply of services15 recognised with the delivery of the contrarted service. Thls is classified a5 unrestricted funds unle55 there is a contractual requlrement for it to be spent on a partltular purpose and returned if unspenl in which case it May be regarded as restrltted. The arnounts shown in the accounts are net ofVAT. Interest Income Is reco8nlsed on a recelvable basls. Expenditure Expenditure Is recognised on an accruals basis as a liabillty is Incurred. Expendlture incltsdes any VAT which cannot be fully recovered, and is tlasslfled under headlnls of the statement of financlal artivities to whlch it relates: Expendltvre on ralsine funds Includes the costs of all fundrai5in8 actlvitle5, events, non-¢haritable tradin8 artivities, and the sale of donated goods. They do not include the c05ts of disseminatin8 public¥ and Information about the charity's day-to4ay dlsablllty serrfi¢es. These fundralslni costs are- always charged to Resources Expended as Incurred even If some costs are •ttrlbutable to projects for whlch grants or donations are promlsed In futu accounting perlods. allocated agalnst funds received based on estimates of the tlme or resources spent on each fundralsini projert, Unattributable c05t5 and 8eneral Costs are char8ed to unrestrlcted funds. Expendlture on chafltable artlvltles Includes all costs Incurred by a charity In undertokin8 artlvltles that further Its charltable alms for the beneflt of Its benefi¢iaries, includin8 those support Costs and costs relatlng to the 8o¥ernance of the ¢harity apporti¢)ned to charltable activities. Oiher expendlture Includes all expenditure that Is nelther related to ralsing funds for the charity nor part ot Its expendlture on charltable actlvltles. Most expendlture for the Group relates to charitable actlvltles and conslsts of dlrect and Indlrert expenses of running services for the disabled clients at the Resource Centre in Surrey. Support ¢08ts Certaln expendlture Is dlrectly attributable to specific actlvitles and has been reported in those expendlture cateeorles. Other support costs which are not attributable to any one activity are apportioned across expenditure categorles on an appropriate ba515. 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 attrlbutable to the chariV5 cornpliance with the constitutlonal and statutory requirements, including audit, strategic rnana8ement and trustee'5 meetings and reimbursed expenses. Tan8lble fixed assets All assets costin8 over £250 are considered for capitali5ation subjert to tonslderatlons as to the likelv useful life of each item. 17
Disability Initiative year ended 31 December 2023 Notes to the Flnancial Statements Tangible assets are initially recorded at cost. and subsequently stated at cost less any accumulated depreciation and Impairment losses. H•Ilts assets Herita8e assets are measured under the revaluatlon model •nd are revalued at each repartlng date. The very long expected lives of heritage a55ets. due to their natures, value and need to be protected and preserved means that depreciation is not material and is. therefore, not provlded. Depredation and •mortlsatlon Depreciation Is provlded on tanglble fimed assets so as to wrlte off ihe cost or valuatlon. less any estlmated residual value, over thelr expected useful economlc Ilfe as follows: Asset cla55 Therapy, office and IT equipment Building fixtures and equipment Leasehold building Depreciation method and rate 25% reducin8 balance Between 4% and IO% feducln8 balance Straight line over the period of the lease Tr4d• ¢r•dltors Creditors are recoinlsed where the charlty has a contrartual obllgatlon resultln8 from a past event that will probably result in the transfer of funds to a thlrd party and the amount due to settle the obli8ation can be measure or e5tlmated reliably. Credltors are normally recognised at thelr contractual amount after allowin8 for any trade dlscounts due. Fund 5trurture Unrestrlcted funds are avallable for use at the dlscretlon of the trustees to further any of the charltfs purposes. Designated funds are unrestrlcted funds set aslde by the tru51ee5 for a particular purpose. The alms and uses of each deslgnated fund are set out In the detalled notes to these financial statements. Restrirted funds are funds which are to be used In accordance with specific restrirtions imposed by donors or whlch have been raised by the charlty for a partlculaf purpose. Expendlture that meets these criteria Is charged to each fund. together with the direct costs of raisin8 such funds. as explalned In the resources expended pollcy. The alms and uses of each sl8nlficant restrlrted fund are set out in the detalled note5 to these flnanclal statements. Penslons and other post r•tlrnment obllgatlons A defined contribution plan 15 a pension plan under whlch fixed Contributions are paid into a penslon fund and the company has no legal or contractual obll8ation lo pay further contributlons even if the fund does not hold sufficient assets to pay all employees the benefits relatlng to employee serrfi¢e in the current and prior perlod$. Contributions to defined contrlbution plans are reco8ni5ed as employee benefit expenses when they are due. If contribution payments exceed the contribution due for a Service. the excess is recognised a5 a prepayment. Flnandal Instruments Recognltlon and me05urement A financial a55et of flnanclal liability is recognised only when the charlty becomes a party to the contractual provision of the instrument. 18
Disability Initiative year ended 31 December 2023 Note5 to the Financlal Statement5 The charity only has financial assets and financial liabilities of a kind that qualify as basic financial Instruments. Basic financial instruments are inilially reco8ni5ed at the amount receivable or payable including any related transaction costs. Debt instruments are subsequently measured at amortlsed cost. Financial a55etS that are measured at cost or amortised cost are revlewed for objertive evidence of impairment at the end of each reportlng date. If there15 Qbjertive evldence of impolrrnent, an impalrment Ioss is recognised undef the appropriate heading In the statement of flnanclal actlvltles In whith the Inltial gain was retO8nlsed. Any reversals of impairment are recognised immediately. to the extent that the reversal does nol result In a carrying amount of the flnanclal asset that exceeds what thè earrylne amount would have been had the Impalrment not previously been recognlsed. Impoirment A review for Indicators of Impaiment Is carrled out at each reportln8 date, wlth the recoverable amount belni estlmatÈd where such Indlcators exlst. Where the carrylng value exceeds the recoverable amount, the asset is impaired accordln8ly. Prior impairments are also reviewed for POS5ible reversal at each reporting date. natlo Unrestrlrted General Restrlcted Fund5 Total 2023 Total 2022 Donatlons Irom companles, trusts and slmllar Pfoceeds 93.221 76,756 169.977 65,237 4. Income from charltable actlvltles Unrestrlcted Total 2023 Funds Total 202Z Provision of di54bility Services 654,734 654.734 601,755 •r Income Unrestricted Funds Total 2023 Total 2022 Investment Income Interest receivable and similar income Other Incom Government Grants Rental Income 3,802 3.802 2,551 16,906 20,708 16.906 20,708 25.988 28,539 19
Disabil ity Initiative year ended 31 December 2023 Notes to the Financlal Statements endfture on ralsln funds Costs of generating donatlons and legacles Note Unrestricted Funds Restrirted Funds Total 2023 Total 2022 Other direct Costs of generating voluntary income Ilaisin8 Funds 115,253 115,253 3,286 3.286 118,539 118.539 109.579 109.579 ndlture on charftable aclivltles Note Unrestflcted Funds Restricted Funds Total 2023 Total 2022 Prov151on of dlsability servlces Allocated support ¢osts Governance costs 391,493 327.652 24,402 731,579 50,000 8,008 441,493 335,660 24,402 801,555 467.746 266.912 11.086 745.744 69,976 Ilaislng Funds Servites to Cllents 115,253 628,294 743.547 3,286 54,722 58,008 118.539 683,016 801,555 109.612 636,132 745.744 £731,57912022: £708.7631 of the above expenditure was attrlbutable to unrestrlrted funds and £69.976 {2022.' £36.9811 to restricted funds. 8. Anal sls ol Support costs allocation ndsu ortco Ralslng Funds Servlces to Cllents Total 2023 Total 2022 Staff tosts Legal and professional Premlses and equipment maintenance Other Oepreclatlon Jnd disposals Outln85 and caterlng 8ad debt provi51on 64.256 13.623 7,700 4,194 15,852 263 96,384 20.434 53,901 29.357 22.779 160,640 34,056 61,601 33,551 38,631 263 6,917 335,660 24,402 97.431 20,6 54,641 43,966 40,413 7,221 2,640 266,912 11.086 6,917 229.773 11,750 105,887 12,652 Governan¢e costs Governance costs Unrestrlrted Funds 2023 Total 2022 Audit & Accountancy of the financial statements Governance expenses 23.500 902 24.402 23,500 902 24.402 10,591 495 11,086 20
Disability Initiative year ended 31 December 2023 Notes to the Financial Statements Trustees expense5 consists of £49512022: £495 for trustees. meetin8 expenses) Net In¢omln oln resources Net outgoin8 rèsources for the year Include.. 2023 2022 Amortlsatlon of fixed assets Depreclatlon Of flxed assets 1,769 36,862 2,359 38,054 9. Tiu mun•rat No remuneratlon 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 8overnance costs. See note 8. ff Costs The aigre8ate payroll c05t5 were as follows., 2023 2022 Wages and salaTles Social Security Costs Penslon costs Staff tralnln8 and fecruitment 441.526 37,877 25,225 6,497 511,125 425.309 26.696 18.717 4,216 474,938 Employee costs, includin8 pension costs, are split between actlvities based on the number of sesslons provided to cllents. The monthly avera8e number of persons lincludln8 5enlor management team) employed by the 8roup durin8 the year expressed as full-tlme equlvalents were as follows.. 2023 2022 Disability services Management and administration 14 15 17 19 The total employee beneflts of the key management personnel of the group were £115.82312021: £102,239). 11. Audltovs remuneratlon Group Charlty 2022 2023 2022 2023 Autllt of the financial statements 9,000 9.000 4.500 4,500 12. Taxation The 8roup 15 a registered charity and is therefore exempt from taxation. 21
Disability Initiative year ended 31 December 2023 Notes to the Financial Ststements Group Software Total Cost At l January 2023 Additions Transfers At 31 De¢¢mber 2023 16,776 16.776 16.776 16.776 Depreciatlon At l January 2023 Charge for the year At 31 December 2023 9,699 1.769 11,468 9.699 1.769 11,468 Net book value at 31 Oecember 2023 Net book value at 31 December 2022 5,308 7.077 5,308 7,077 Charity Software Total Cost At l January 2023 Additions Transfers At 310ecernber 2023 Depreciation At l January 2023 Char8e for the year At 310ecember 2023 Net book value at 31 December 2023 Net book value at 31 December 2022 22
Disability I nitiative year ended 31 December 2023 Notes to the Financial Statements Ible fl Land and Buildings Furniture and Equipment Group Equipment Total Cost At I january 2023 Additlons Dlsposals Transfers At 31 December 2023 526.729 12.500 475,410 80.671 250,155 1,252.294 9,535 102,706 45,524 601.606 45,5241 214,165 1.355,000 539.229 Depreciatlon At l January 2023 Char8e for the year Eliminatlon on Dlsposal Transfer At 310ecember 2023 107.932 5.392 380.102 20,159 185,167 11,308 673,201 36,859 19.917 420.177 19,917) 176,558 113.324 710,060 Net book value at 31 December 2023 Net book value at 31 December 2022 425.905 418,797 181.428 95,308 37.608 64,988 644,940 579.093 Charlty Land and Buildin8$ Furnlture and Equlpment Equlpment Total C05t At l January 2023 Additlons Oisposa15 Transfers At 31 December 2023 526,729 12,500 475,41a 80.671 133,114 1,135,253 7,348 100,519 45.524 601.606 45,524 140,462 1.281,296 539,229 Oepreclatlon At l January 2023 Charge for the year Ellmlnatlon on Dlsposal Transfer At 31 December 2023 107,932 5,392 380,102 20.159 112,174 6,153 600,208 31,704 19.917 420.177 19.917 651,829 113.324 118,328 Net book value at 31 December 2023 Net book value at 310ecember 2022 425.905 418.797 181.428 95,306 22,134 20,940 629,467 535,043 Included within the net book value of land and bulldln8s above is £425,90512022: £418,797) in respect of lea5ehold5. The leasehold buildlng Is the Resource Centre in Camberley* whlch Is stated at hlstorical costs less depreclatlon. The lease of the land for the Centre is for a perlod of 99 years. explrlng on 26 January 2099, The annual 8round rent amounts to £3,500. 23
Disability Initiative year ended 31 December 2023 Notes to the Financial Statements 15. Herlts Group and Charlty Jewellery Total Valuatlon At l January 2023 At 31 December 2023 4,600 4,600 4,600 4,600 Depre¢iatlon Net book value at 31 December 2023 4,600 The asset was professionally valued on donatlon and the trustee5 leW thls at each year end. There have been no additions or disposals of heritage assets in the last S years. 16. kln Dlsablllt Inltlatlve Ser¥ke$ Lt The charltys wholly owned tradln8 sub5idlary. Disablllty Inltljtlve Servlces Ltd IDISI, Is a companv incorporated in England wlth the company number 02915444. The re8lStered offlce Is Resource Centre. Knoll Road. Camberley, Surreyi GU15 3SY. The share capltal. comprising of 100 Ordinary £1 5hare5 wa5 purchased at a cost of £100 and was held by the charity throughout the year. The shares are Shown at ¢0St value in the accounts. DIS provldes servlces to dlsabled people In the Resource Centre in Camberley, Surrey. It funds Its artivitie5 by selllng se551on5 to soclal servlces, health organlsatlons and private Individua15. When DIS eams any profit above è bas1¢ mlnlmum threshold requlred for the continued malntenance of its workin8 Capital and operations, it pays the profit to the charity by gift aid. OIS a150 operates some services includin8 payroll on behalf of DI and these are rechar8ed to DI by Ols. DIS has been Included on the consolidated account5 and a summary of its indlvldual trading results is shown below: 2023 2022 Turnover from provision of Disability Serrfices Other Income Operational and administrative expenses Operatlng profit I Ilossl Retalned In the subsldlary 496,160 122 1515,8961 119,6141 119,6141 461,567 205,919 1709,2801 41.794 141,794 Fimed 055et5 Current a55ets Current Ilabilities Net assets 20,783 184.003 288.2471 83.461 51,128 139.130 1254.7211 64,463 A88re8ate share capital and reserves 83,461 164.4631 24
Disability Initiative year ended 31 December 2023 Notes to the Financial Statements 17. Results the arent undertakin The gro55 income and result of the parent charity excludlng those of its subsidiary were as follows: 2023 2022 Total income Net movement in funds 390.986 63,478 235.922 18.4231 l& Stock Group Charity 2023 2022 2023 2022 Stock loo 100 19. Debto Group Charity 2023 2022 2023 2022 Trade debtors Due from 8roup undertakln8S Prepayments Other debiors 88,818 77.942 22.691 234.250 250 15,174 202,604 335 27,396 14.263 116,214 92.205 257,191 218,113 20. Cash and cash e ulvalent$ Group Charity 2023 2022 2023 2022 Cash in hand Cash at bank 1,311 330,243 331,SS4 1,485 378,919 380,404 602.08 877 28B,259 288,861 317,192 318,069 21. Credlta wlthln one Group Ch•rity 2023 2022 2023 2022 Trade creditors Other taxation and social se¢urity Other credltors Accrua15 & deferred income 10,079 32,188 13 45,021 87,301 11.594 25.267 3.331 51.738 91.930 18 133 40,276 40,427 32.704 33,304 Notes to the Financial Statements 25
Disability Initiative year ended 31 December 2023 22. Pension and other sthemes The group operates a defined contribution pension scheme. The pension cost charge for the year represents contrlbutions payable by the group to the scheme and amounted to £25,22512022: £22.4791. 13. Cornmltments Ch¢7rity The charlty had total commitments under non-cancellable operatlng leases for the Resoufce Centre as set out below: 2023 2022 No later than one year Later than one year and no later than five year5 Later than flve years 3.$00 14.lJOO 259.IXX) 3.500 14.000 259,000 The ground rent is currently funded by an annual grant for the same amount from the landlord, Surrey Heath Borough Council. Notes to the Financial Statements 26
Disability Initiative year ended 31 December 2023 24. Funds Group Balan¢e at ljanuary 2023 Balance at Resource5 31 Expended December 2023 Incomlng Resour¢es Unrestrl General Designated Total unrestrlcted funds 715.771 140,0 855,771 771.382 1735,8711 127.5931 1763,4641 7SI,282 112.407 863,689 771,382 Restrirted Funds 8uildin85 Rehabllltation projert- communlty fund Motomeds Solar Panels COVID TNLCF Restricted Fund CFS Grant- Carers Evenin8S Garden Intergrated Pathwav Hampshire Workforce SCC Omicron Fund Power Chalr Other projects and equipment Total restricted funds 76.626 8,983 1,420 14.430 12.646} 17,775) 19291 11.120} 88,410 1,208 2,789 10,080 2.298 11,200 8,333 50,000 12.500 150,0001 14.2921 11891 8,333 8,208 20,053 20.242 7,348 8.111 105,887 19191 12,0711 169,9401 6,430 6,213 151,724 173 115.778 Total lunds 971,549 853,628 1810,3791 1.014,797 Group Balance at l January 2022 Incomlng Resources Resources Expended alance at 31 December 2022 Unrestrlcted Funds General Oesi8nated Total unrestrlcted funds 787,297 140,000 927,297 636,201 1707,727) 715.771 140,0(hJ 855.771 636,201 707,727 Restrlrted Funds 8uildines Rehabilitatlon proiert- communlty fund Motomeds covio TNLCF Re5trlcted Fund Garden Inte8rated Pathwav Hampshlre Workforce SCC Omicron Fund Other projert5 and equipment Total restricted funds 79.460 9,132 1,956 12.8341 11491 15361 15,9921 116,6671 17,0581 124.0001 14201 16171 3,7461 162,0201 76.626 8,983 1,420 5.992 25,0(kl 27,3 24,000 420 617 8.333 20,242 3,919 94,468 173 115.778 83.330 Total funds 1,021.765 11931 769.747) 971.549 Notes to the Financial Statements 27
Disability Initiative year ended 31 December 2023 Charity Balance at l January 2023 Balance at Resource5 Ji Expended De¢ember 2023 Incomlng Resources Unrestrirted Funds General Designated Total unrestrlrted funds 779,719 140,000 919,719 285,099 1229.9741 127,5931 1257.5671 834.844 112.407 947,251 285,099 Restrlcted Funds Buildings Rehabilitatlon project- community fund Moiomeds. Solar Panels COVID TNLCF Restricted Fund CFS Grant. Carers Evenin8$ Garden Intergrated Pathway Hampshire Workforce SCC Omicron Fund Power Chalr Other projerts and equlpment Total restrlrted funds 76.626 8,983 1,420 14.430 12,6461 17.7751 19291 11,1201 88.410 1,208 2.789 10,080 2,298 11.2¢XI 8.333 50.OLNJ 12,5CKI 150,0001 14,2921 11891 8.333 8.208 20.053 20.242 7.348 8,111 105,887 19191 12.0711 169,9401 6.430 6,213 151,724 173 115.778 Tot•1 lunds 1,035,497 367,345 303,8671 1,098,975 Charlty Balance at l January 2022 Incomin8 Re50urce5 Resources Expended Balance at 31 December 2022 •strlcled Fun General Designated Total unrestricted funds 809,4S2 140,000 949.452 179,142 1208.87SI 779,719 140,000 919,719 179,142 {208,8751 trlct Buildin65 Rehabilitalion project- communlty fund Motomeds COVID TNLCF Restflcted Fund Garden Integrated Pathway Hampshire Workforce SCC Omicron Fund Other projerts and equipment Total restrlcted funds 79.460 9,132 1,956 12.8341 11491 15361 15,9921 116,6671 17,0581 {24.0001 14201 16171 13,7461 162,019) 76.626 8.983 1,420 5.992 25,000 27,300 24.000 420 617 8.333 20.242 3.919 94,468 173 115,778 83,329 Total funds 1,043,920 262A71 1270A94) 1,035,497 Notes to the Financial Statements 28
Disability Initiative year ended 31 December 2023 The specific purposes for which the funds are to be applied are as follow5.. Re5trirted Funds al 8ulldin8S'. All other restrlcted 8rants and donatlons relatin8 to the orlglnal constructlons cosi of the Resource Centre are held withln this fund. These appeals are now closed. All out8oin8s relate entirely to depreclatlon. bl Rehabllitation Project- Community Fund: In 2001, the Charity embarked upon a project for the establishment of a Specialist Rehabilitatlon servlce. Project fundln8 tame to an end in February 2004. Slnce, sorne of the fundlng was spent on capltal equipment, depreciation charges wlll continue to be made against the fund until the fund is fully utilised. cl Motomeds: Durln8 2015 the Charlty recelved fund for the purchase of 3 Molomed devlces and related a¢cessories. These fund5 are to be held In a separate restrlrted fund untll the equipment has been fully depreclated or disposed of. dl Other projects and equlpment: As part of its continuing work. the charity seeks support from both the general public and other donors in the financini of Its activlties and Its speclalist equipment. When fvnds are recelved In response to specific requests, they are held in separate restrlrted funds untll they have been spent or. if a fixed a55et 15 purchased, until that asset has been fully depreciated. Unrestrirted Funds Wlthln the unrestrlcted fvnds, In vlew of the expected malntenance 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 aslde to meet these future costs as they arise. Group Unrestrlrted funds Restrlcted funds Total funds Tangible fixed assets Inton8ible fixed assets Herltaie assets Investments Current assets Current liabilitles Total net assets 516,860 5,307 4.600 128.081 644,940 5,307 4.600 447,867 111,5851 863 049 447,867 87.301 1.015.413 24,284 152.365 Charity Unrestrlcted fund5 Re5trlrted funds Total funds Tanglble fixed assets Heritage assets Investments Current assets Current liabilitles Total net assets 501.384 4,600 loo 498,114 57,5881 946,610 128.081 629.465 100 498.114 {33,304} 1,098,975 24,284 152,365 Notes to the Financial Statements 29
Disabi l ity Initiative year ended 31 December 2023 26. Detalled Pft)fft and Loss- Charl onl 2023 2022 Donatlons and Grants Provision of Disability Servlces Rental Income 169.855 158.574 26.906 57,883 142.060 35,979 355,335 235,922 Dlrect Salaries Activity Expenses Event Costs 51.359 53,549 263 38.812 46,710 7.286 Other Fundralslng and Publicity Costs 105.170 250,164 92,808 143,114 Gross Profit Repairs to property Rates and Water Llght and Heat Insurance 4,687 225 159 180 4.750 1,299 4,529 1,729 4,246 872 3.054 5,153 1,084 1,284 99,853 438 31,705 Equipment Hlre Other Office Costs Computer C05tS Cleanlng Travelling & Subslstence Telephone & Internet Wages Bank Fees Depre¢iation Lo55 on Disposal of Asset Accountancy Fees AudSt Fees Legal and Professlonal Fees Donatlons Entertainment Bad Debts Sundry Trustees Expenses 5,329 98,979 419 23,371 1,6CM) 912 4,500 11,000 3,744 4,500 19,947 25 250 1,167 2.263 902 235 190,488 59,676 3.802 63,478 154,088 110,974) 2,551 {8.423) Operatln8 Loss Bank Interest ReceNed Net GainllLossl 30