Company Registration Number: 03029077 Charity Registration Number.. 1049CQ2 Disability Initiative la cornpanylinited byw¥anteel Annual Report and Fifbanaal Statements forthe yearended 31 December 2024 *AE8RD02G• 2410912025 PANIES HOUSE 1111 A12 #144 Dlsability Initiative year ended 31 December 2024 Contents.. Refe￿nce and AdminFstratl¥e Detai15 Chairnian5 Report Trustees Report Ststement of Trustee's Respongbilities Independent Auditorfs Report Consolidated statement of Financial Activities Consolid*ed Balance Sheet Balance Sheet Notes to the Financlal Statements io li 14 15 16 17 Disability Initiative year ended 31 December 2024 Relerence Administrative Details Chairnian SirA V Morris Chlef Executive Officer Lucy Brown Trustees r AV Morrls Mr G Bignell Mrs M Calder Mrj Scott Mrs E Kennedy Mr R N Ricketts CBE Mr D Whittle Mr TTt)rrin8tI￿- Resigned 12 March 2024 Mr A Cochrane- Apw'nted 18 March 2024 Principal OffKe and Registered Office Resource Centre Kndl Road Camberley Surrey GU15 3SY mpany Registration Number 0302￿77 Charlty Registration Nuffl>er 1049LX)2 A￿lItOr Branston Adams ite2 Vittoria House South street Famham Surrey GU9 7QU Bankers Uoyds Bènk PLC 19-23 Obdisk Wèy Camberfey Surrey GU15 35E Handlesbanken 8ank PLC Buildirg 4.3 Frimley Bu5irw Park Frimlev 5vrrey GU16 7SG Disability Initiative year ended 31 December 2024 Chairman's Report Chairman's Statement 2024.. A Lar￿rnark Soth Anni¥ersary Dear StskeholdÈfS and SupporteT5. tt is a prolourKI prr¥ile8e to wesent rny Chairnian's Statement 2024. a landmark momènt as Disabillty Initiatfve1011 approaches its Soth anniversary. For almost five dtcades, DI has been dedicated to empowerin8 adults with disabilittes to live independent and fulfillin8 lives. This mission iemains our 8uidin8 stsr. (￿er the past year. ¥ve have not onty upheld it blrt aL%o si8nthcantly deepened our impart through expanded ser4ices. fortTrfied parrnerships and en￿nCe¢ Wdan1sati￿al resilience. Aswe honour ourrich history since 1975, we look to the future with um¥averin8 confidence. bold ambitlon and immensegratitudetoall in¥ol¥edwlth the Charity. past and present. Throughout 2024, the Board worked closely with our Executive team to ensure robust g¢)vernance. strategic clarity and ri8orou5 financial ovefsighL We were delighted to welcome Dr. Andrew Cochran as a new Truste wh05e expertise and Iresh perspecb¥e have 5ignifi¢antly strengthened our capxity. Our Finance CorMiitte< now in its second year. has proven to be an invaluable asseL providing deeper fift￿0t1 transporenty and a¢countal%lity. and emabling the Owd to continue making erudite deli510r￿. Despite escalating cost pressures from rettuitrnenL wage uplifts, and inflats"on. 01 made substafttlal Strides in improvin8 its fbnancial position. While we c105ed the 2024 financial year with a modest operatlnE defiut of £16,CIJO, our overall cash fiow remained positive. and we Suc￿5fvIIY achieved Six consecutive months of operational surplus in the larter half of the year-a testsment to prudent management aThd strategic adjustrnents. Our people rematn at the very heart of e¥tyhin8 do. In a 5ectw still 8rapplin8 Wlth recruitment thallen8e5. we are irt¢rÈdibty proud of our outstsndin8 Staff retention rates. Departures have largely rÈfiected positNe career advancements for our team mèmbèrs. Understori￿ the supportr¥e environment and deeply meanln8ful work delivered daity. Thrs hi8h reientton is a powerful endorsement ol our culture. Values and the dedigtion ¢f our staff. •• Cruually, our extraordinary volunteers are invaluable. Their dedication amplifie5 our reach. brings dl¥erse skills and perwective5 and enriche5 the live5 of th05e we supporL From direct client en8a8emertt to fiJndrai5in8 efforts. offerin8 spe¢iaSi5ed expeni5e. our vdunteers embody the spirit of community ar*d compa55ion. We are immensety grateful for thwr invaluable contributions. wrthout whith our irvwart would be 5ign1fKan￿¥ diminished. eo Disability Initiative year ended 31 December 2024 me The year conduded *ith a serie5 of h￿h-pr0fi1e events that Si8nifl¢anYyelevated Dl's ￿PUtatiOn and impart, induding a Royal Visft frtyn our Patron. in December by HRH Tt* Dvche55 of Edinburgh. This pivotal evenL a150 attendeé by the Direaty of the National Lottery Communty Fund, the twty IAayor of Surrey Heath, and the Liberal Democr* MP lor &rrrey Heath, wo¥ided an invaluable plarform. It allowed us to showcase the remarkable success of our Adept project and the wider work of (￿r dedi¢ated team. strengthening relationships with key Stakeholders, potential 5UPF>Qrt￿. and future donor5. thereby advancin6 Dl's mission broadening our influence. Subsequently, several national publications requested our ￿rnments, quotes. photos, and event detaits. leading to DI being prominently fè3tUfed in muth'ple •rtide5 workh¥lde. Further, BucklnBham Palace Irbvlted DI to con¢ribute to * special feature and inten4iew5 mafking Duchess'5 60th birthday in January. DI l am proud to hi8hli8ht the successful Completi￿ of the second of DI Adept, a transforniatNe initiative made possible by the 8enerous support ot The Matirmal Lottery Community FuThl. (knr the past two years, DI Adept has profoundlydeepened its impact.eMpanded our reKh. and enabled us to deli¥ertail¢red programmes that preciseby meet the unique needs, aspirations and strerws ot the people we supporL This initiative has become a tt>merstone of our worl ernpowerin8 Indiwduals to build confidence. ind￿ndence. and connection In ways that are both meanir%ful and lasting. DI Alept continues to be a shareil journey of connection. co cascade thèir leamin8 and skills. Acros5 all prograrnmes. 91YA of dients achieved their goals at or above the expected outcome, representlng a 4% increase frorn 2023 and a strong indicator of contH)ued impaa and effectiveness. As Clients leam and proeress via the projètL the ￿rricUluM is refined and adjusted acCordin￿v. With thevafiety of programmes delivered and skill sets shared. people are very moisvated by their accomplishments and desire to progress. Thls in tum treates a Culture of c¢mtinuoLFS le￿1￿& Wellbei￿ a recognition of potential and journey of discovery, which applies to all invofved. Builrfin8 ￿ the succtss othieved thfOU8h initial fundin& we afe now seeking sustainable support to ensure the DI ADEPT project continues to transforni Sr¥es throu8houk 202fr2028 and dfive POSTtive thange across the hÈalth and social care landscape. Disability Initiative year ended 31 December 2024 n Kind We are Incredibly th•nkful for the 8enerous Jn-kind don3￿n5 recetved t1￿Ughout 2024. whith have played vitsl role in supptyting our serwo5 and enhancin8 the well-being of OurC￿ents. The Warburtons Fouftdat￿n hw4e kindly Continued their donations of bakery products throughout 2024, whlch has made a Me￿in6ful differen￿ In the Ihes of many 01 dients experieD¢ing food poverty. Their contnt*utions ensu￿ that a nutritious breakf*t was available io all each day, ￿th additional produrt5 offered for dlents to take ht)me. Surplus items were also donated to our local Hor7*1ess Hub. extending the impèrt even further. We are also extremely 8rateful to Stream ShTeddin& who ¢ont*M* to lenero￿lY SUPPDrt DI by facilitatin8 the secure disposal of uur recycllng and confidentyal wast¢ enti￿ty ffee of tharge. Their in-kind contribution not only ensures we meet essential dats protection and environmental stsndanJ5 but a150 53¥es US Si8nlficant adminlstrative and ¢Jperational costs. as the cost of confidential waste removal ran8es from £50 to £125 per month. This SUPPQrt allows us to red￿￿tt valuable resources toward frontline service5. rnakin8 a tangible differefi￿ fft Our ability to deli¥er impartful. person-ceTrtreLI care. We deeplyvalue this ongoing partnership and tht trust and 8enerosity it fefiects. We afe also grateful lor a ran8e of additional In-knnd Cmtributi￿s that have 8reatty supported our operations and allowed us to focus more re%￿rCeS on deliverin8 qu•lity sep4i¢esto our dients. Surrey Heath 8orou8h C¢uTKiI ha5 continued to support DI thf¢)u8h subsidised parknng arrangements and generous pepperctsm rent. easily the financial burden of maintatnrng accessible premises in • tentral locati(m. This lon8-standine partntrship reflects a shared commitment to in¢lLEsion and community-based support. We also acknowledge the reduced maintenance and Ser41￿ c0515 provided for the Oosornèt fèdlities in our Resource Centre, a ¢riti¢al component in ensurirs di8ntty and indepenknce for ditnts with complex needs. In addltion, we art sincerely thankful to the Radd¥ffeTru5t. whose continued funOirvA has c¢Nered the insurance ¢osts for our Fleet site. safe8uordiD8 a vital part of our infrasiructure and enablire us to operate with greater finandai stability. These contributiMs, th0￿h not always Visible. are invaluab￿. They help sustain our day-tts- day operations and reinforce the stron8 network of t(xnmunity pathers who make ¢>ur mission possible. In the face of increasin8 Pressu￿ On the health and social care system. inforrnal carers are shouldering a heavier burden than evef. Many I￿le fvll-time caregivin6 respoftstbilities with littlè opportuftity for rest or personal fulfijment. Thls often wme5 at the empense of their mental and physical health. llationally. nearly 5 million unpaid ￿rerS report rising levels of stress. exhaustion, and isolation IONS. 2023)- Reco6nising thi5 urgent need, DI ha5 continued to priorStise the wellbeing of Ca￿t5 thrO￿h its Carers, Evenin85. This15 possible thanks to generous grant fun¢Ying from ThE Leo Uon Foundation and the Community Foundation for &Jrrty. Since 2022, Carers, Eveniw have been held bi-monthl¥ at DI Camberley. These events have be¢ome a lrfeline for many carers. They offervrtal respite from daily ￿￿nsIbIlItIeS in a supporti¥e, cxeative. and welcomin8 envlronment. Sessions bwe induded a range of activities. ExampJe5 are chocolète and candle m8kin& arL movement and educational W￿kShops. Eath is designed to prtr4Kle • balance of learnin& persLmal 8rowth joy. These evenings h*e ttlnsistenty received outstandin8 feedbac*. Carers rewt that the sessicns were hot ffilv fun and relaxing but also gave them the chanceto explore newexperiences and build rtew skills. Ofte parti¢tpant described them as"a f•ntss(ic night with treal company.. appreciatinB the break frtyn routine and the (hance to do something diffefent. Others pratsed the Stro￿ sense of comrrwnity. saying they valued the thance to Disability Initiative year ended 31 December 2024 Interact with others who undff5tand the ¢hal*nges of caregi¥ln& The S￿00￿5 alsofacill¢ated the developrnent of robust peer support networks and enhanced setl*stean and resilience. (knr the last year. all sessions recorded l(MfA w)5itive feedba(*. Carers wnsistently rated overall satisfaction at 5 out of 5. and 97.5%of participants said they were Ilkely or extremely likety to recommend the e4ents to other carer& PartKipants highlighted three key benefits: The thance to leam newskills in a hands-on. relaxed enwrtmment Social connection and a sense of shared understarKlin8 Freedom to be creative and focus on themseJ¥es for a short while Desplte the succe55 of the programme, growin8 demand5 on carers and cuts to public support services contlnue to make it diffi￿11 for them to find time for themsefves. Many face increased pressure as health servicEs and rehabilitatlon support becomes harderto access. A 2023 reportby Carers UK found that57%0f¢aretsf￿9Uerttjy feel oveTh¥helmed. and over a third135%1 stru881È with their mentsl hèalth- a significant rise from the previoLSS vear. While Cl's Carers, Evenin85 have helped alleviate these challe￿e5, the need for sustainable and conststent support remalns hlgh. DI will continue to seek fvrther funding fof 2025 and btyond to ernsu￿ thi5 e5sentSal PfO8ramme Can contlnue to ser¥e a5 è souTce of re5l sUPPOrt and empowernierttlor carets in our ctynmunbty. 01 15 Committed to operatin8 in an environmentally responsible rnanner and embedding sustainability into all aspects of our operations. Our approach reflects a Strnng commitment to both indivithal wellberng and the health of our planet Key Envr<>nmental Hi8hl48hts." 5ustsinabJe Facilities.. All DI centre5 incryporate enefgy*ffKient lightiwd, solar pane55. W*er￿VIng fixtures and comprehensive recydin8 Systems. These measures rtduee ener3y use. conserye water and improve waste mèna8wnenL Qfcular Economy Approach: We prk)rltlse the use of reusable and repairable adaptive equipment. reducing waste and pJtending the I￿lespan of ¢Uf resources. Where equlpment is beyond repair, we seek responsible disposal ordonation options. EctrFriendly OLrtdoor Spates: Our aC￿SIble 8arden spaces support local bK¥lNer5ity and oryanicfood growln& encourazins client and community rysem￿tWlth ￿ture. su$tainabilityand Iwlthy eating. Sustainable Procurement. DI is committed to ¥wrking with envirty)mentslty responsible suppliers and reducing carbon emissions through local recruitment. remote workin8 options. and sustainable transpon inltiatlve5. I￿801m8 Monitorln8 and En8a8ement.. Ae8ular environmentsl audits. staff trainiw and community invofvement undwpln our culture of conttnLMYJS impro¥ement and transparencv. By inte8ratinÉ these prattices. DI is attNefy contribuiin8 to a more sustslnable fvture while enhanclng the environments in which we delivw ourservices. The charity reports a cOr￿lIdated der￿t for the ye¥ of 422k 12023 - +£44kl. 2023 benefited from an extraordinary le8aty from ¥ fomw Volunteer of £80k; accOrdi￿ly. we h￿e mana8ed to half the underlyine tradin8 defitit on our tlient servlces provision in this year. We are n*)w moving closer to our key aim of establishing full cost recovery from the l¢ol authorities and hope to ￿hleYe that in 2025. Disability Initiative year ended 31 December 2024 Whilst it 15 acceptable practice for a charity tp rety on Brants and donations to fvnd rts seNices, the current economrc backdrop continue5 to be a fundraising challenge. 13% of the tharrty's 2024 income is derived from 8rants. donations. and InVes￿￿t income. Thè charity's reserves Stand at lust under £lm as of 31st December 2024. inc14Kling tash resen￿5 at £383k. £136k of reserve5 derive from historical dwations and 8rants and ore allocated as restricted funds. whi15t the tnJsteÈs have also desl8nated £146k towards maintaining the buihlin& which is 25 years old. Following an Internal r￿leW of the expected maintenance ènd replacement Costs of the charity'5 assets over the next 10 yews. the trustees have committed to increasin8 the buildin8 maintenance fvnd by£21* a year over that period. Unrestricted reser¥e5 ￿ £7(K*. which includes the trustees. commitment fund of 3 rnonth5' operatin8 Costs. and thi5 15 sufficient to maintain the quality of sÈrvios at the currènt standard to our existin8 ¢lient basè for the foreseeable future. Our osh reser¥es are invested on a pru(knt bè5is. where we seek to achieve the Maximum return for ihe minimal risk by using hlgh-lftterest short. medium and lor8Qerm deposit a¢¢ounts with ￿PUtable f￿anCIal inst1tirtic￿$. oin Our management and irvstees continualty monitor the potential micro and macro risks to the charlty. We previously reported the introduction ol a finance Committee. whith has been in operation for more than a year and has pro¥ided greater transparency of the charitys ftnancial Situation tothe trustees. This has resulted in far greater and sienifKantly more constfuctlve Input from the trustees into the dirertion of the organi5atiffi. In addition to the quarterly finance commirtee arKI trustees. board meeting5. the management and tnJ5tees condvrt a strate8ic review every year. based on thè past yearfs results and curyent 8eopolitlcal climate. Our fin(thr¥ plot the path ahead for the tharity. The charlty's risk re8istsr, which covers an assessment of key risks causes. consequences, likelihood5. and SiEnlfican¢e. is regUla￿V monitored by rnar￿ernent and tontinual￿ referred to èt board rneetin85. The charity mostly depends ori statutory income for its service tt)ntratts, as wdl as from some individuals directly. The charity is also reliant on government and other charitable ooanisaiity)s and initlatives. a5 well as donations from lotal companies and indiwduèls, to meet its public benefft Commitrnents. Sadly, the well- doojmented financial challenges of our Jocal authorities are having a tangible impact on wr ability to sep4e the local communlties. Many indNiduals who are eMperiencbn8 ill-heath or disabiltty are faced with rnajor difficult￿5 in accessing funding and a￿e$s to the Services they requir< including DI. These are very worryin8 times for the tharity. but rn0￿ so for those vulnerable adults and their families. Disability Inltiative can only hope that the devolution and proposed unitary modeb will bringa sharper declsion proces5 that could significantly improve cliÈnts' ability to secure fundln8 pa¢k¥8es. This would allow us t¢ fotys on sUPPOrting the most vulnerable mernber5 of our society. redute referral times, and expedite care to those who need it. ensurin8 earty intervention and prvlention. This yearfs report rdects Disability Initiative's unwa¥erin8 cornrnitment to personvntred care. community partnership, and responsive, values-led serwice delivery. Across all pro8rammes, from DI ADEPT to C¥ers' Evenings and beyond. our work has continued to emp(hver Ind￿￿val$, strengthen social connertion. and 5UPPOrt those fa¢in8 the daily thallenBes of disability, ill-health. and caring responsibilities. Desplte a complex and often urstable fw)dlrÉ environment, DI has remained fttused m outcomes. innovation and impatt. We have ath1￿*d stron8 results across kèy servio areas. seen Improvements in cllent 8oal attainment. and benefited from the genero%ty of partners and suppcfftrs who enable us to stretch our re50urce5 further Jnd reach m(Ye people in meanin8ful w As always, it is the stren8th of ow Community, dients. orers, stsff. trustees, ￿lut}teerS statutory authortties, local businesses and fvnders that Sust￿￿5 our missi￿. Together. we are creatiThd more than just Services: we Disability Initiative year ended 31 December 2024 are buildinga culture ofdlgnity, opportunity, and mutual 5upporL With continued collaboration and investment. we will keep working to ensure that everyone who connects with DI is met not only with compassion and care but with the tools. network5 and belief to lead a lrfe of purpose ar*d pooibtlity. ststement of Trustee'5 Ae5pon5tbilities Disability Initiative vear ended 31 Decernber 2024 The trustees (who are also the director5 of Disability Initiative for the purposes of company lawl are responsible for preparing the trustees. report and the financial ststements in accordance wlth the Unrted n8dom Accounting Stsndards (United Kingdom Generalty Accepted P￿￿ntIng Prèrticel and applicable law and regulations. Company law fequires the trustees to prepare finantial statements for each financial year. Under cornpany law the trustees must only approve the financial statements when they are satisfied that they give a true and fairview of the state of affair5 of the charitable company, of its in¢omin8 and application of resources, induding its income and expenditure. In preparin8the5e finanoal statements, the trustees are required to: select sultable accountir6 policies and applythem cmsistenty. obser¥e the methods ènd principles in the Charities SORP: rnake jLKl8ements and estimates that are reasonable and prudent.. state whether applioble UK Accounting Standards have been followed. subject to èny material departures disclosed and explaineLI in the financial StateTh￿nts: and prepare the financial statemert5 on the 8¢ing concern basis unless It Is Inappr¢)prlate to presume that the charitsble company wll contlnue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to Sh￿ and explatn the charitable c¢)mpany's transactions and discl¢Jse with reasonable xcuracy at any time the financial position of the ch•ritable ¢ampany and enable them to ensure that the finanoal 5tstements comply with the Companie5 Act 2￿6. They are also responsible for sèfeBuarding the a55ets of the charitable ￿￿panY and hence for tskn'ng reasonable steps for the preventicx) and deteciion of fraud and other irregularities. Each of the per￿nS who is a truslee at the date Irfappr￿al of this report confirm5 that: $0 far as they ère aw￿e, there 15 no ￿levant audit Inform*1￿ of whith the charity's auditor is unaw¥e; and they have taken all steps that they oughi to h•4e taken as a trustee to make themselve5 aware of any rdè¥ant audit infomiation and to establith that the tharitys auditoi is aware of that infomiation. The auditor is deemed to have been appointed in accordance section 487 ofthe Companies Act 20D6. The trustees are resp(ffisible for the maintenance and integrity of the corporate and fin•ncial information Included on the tharitable Cl￿PanY'S website. Legi51ètion in the United Kingdom governin8 the preparation and dissemination of finanoal ststements may differ from leglslation in other jurisdictions. LX .and s￿ned ￿ its behalf by.. Approved by the trustees of the tharfty on Sir A V Morri5 Chairman Independent Auditorfs Report to the Members of Disability Initiative io Disability Initiative year ended 31 December 2024 We have aLMlited the financial statements of Dlsability Inilrati¥e lthe'tharttable parent tomparrfl and its subsldiarie5 (the 'Éroup'l for the year ended 31 December 2024. which comprise the Consoltdated Statement of Financial Acti¥itie5. Consolidated 8olance Sheet.. Balance Sheet. Consolidated Statement of Cash Flow5 and Note5 to the Fin•ncial Statements. includin8 a summary of significant accountiTrd polr¢ies. The financial reporting framework that has been applied in their prepafation is Unlted Klngdom Accounttn8 Standards. comprising Charities SORP- FRS 102 The Finantsal Reporting Standard appllc&4e in the UK and Republic of Ireland, and applicable law Iunited Kingdom Generalty Accepted Accountin8 Prarticel. In our opinion the financial statements: 8lve a true and fair view of the state of the group's artd parent charity's affair5 OS at 31 December 2024 and of the 8roup's results fw the year then ended: have been properly prepared in aCCord￿te wlth United ￿ngdoM Generally Accepted Accountini Practlce,. and have been prepared in acC￿￿nce with the requirements of ¢he Companles Art 21K16 aftd Ch*¥itles Att 2011 We conducted Quf audtf in accordance with Intematiox)al Standards on Auditing IUK) IISAS IUKII and applicable law. Our respon5ibilitie5 under th¢)se standards are furthw de5uibed in the Auditty's responsibtlitie5 forthe audit of the fSnancial statements sertTron of our reporL We are independent of the group in accordance with the ethlcal requirements that ¥e rele4ant to our audit of the fin￿cial statements in the UK, Including the FRC5 Ethlc* Standard, and we have fulfilled our oiher ethical responsibilitie5 in ac£ordance wlth these fequlrernents. We believe that the audit e¥hdence we ha¥e abtsined 15 sufficient and apwopriètÈ to provlde basis Iorour opinion. We have nothin8 to report In respect ofthe foll(￿Ing matters in felation to whith the JSA5 IUKI require us to report to you where: the trLtstees use of the gling concern basis of accounting In the preparation of the flnancial statements is not appropriate- or the trustees have not flisdosed in the financial statemeftts any identified mèterlal urKertslnties that- may cast sl8nifi¢antdwbt knit the 8mUP'5 ability to cMtinue to adopt the8oln8 concern basis of accountin8 for a period of at ￿3st tWe￿e months from the date ¥knen the financial ststements ère authorisÈd fw issue. The trustees are responsible lor the other information. The other information comprises the information included in the annual report, other than the financial staternents and our auditor's report thereDn. Our opinion on the finanaal statements does not cover the other information and, except to the extent otherwtse expliritly stated in our repory we do not express any fom) of assurance condusknn thueon. In connertion with our audit of the fin•)oal statements. our responsibility is to read the other inlomiatlon and, in dokn8 50. consider whèther the other information is rnaterially Incons￿tent the flnanclal statements or our knowltdBe obtained in the audit or otherwise appw to be materially misstated . ff we identify suth material inconsistencies or apparent material rnisstatements. we are required to detemiine whether there Is a matsrial misststement in the fjnancial statements or a material misstatement of the other information. If. based on the wwk we have performed, we t￿dUde that therels a mJterSal misstatement of this other Inforniation. we are required to rem that facL Independent Auditorfs Report to the Mernbe￿ of Di5abitity Initiative li Disability Initiative year ended 31 December 2024 We h￿e fiothin8 to r￿ort in this regard. rib the nie n our oplnion, based on the work undertaken In the Course of the audit the information given in the 5trate8ic Report and Trustees, Report for the financlal year for whith the finandal ststen*nts are prepared is conslstent with the financial Statements; and the Strdtegic Report and Trustee5' Report have been prepared in accordance with applicable le8al requirements. In the118ht of¢ur knowle* and understaftd¥n8 ofthe 8roup and the parent chwitable crynpany and its enwronment obtained in the ¢OUTse ofthe audiL we not identif￿d material misstatements in the Strate8it Report and the Twstee5' Report. We have nothlftg to rep4Yt in respert of the followln8 rnatters where the ConN7anies Act 2fX16 require5 US to report to you If. in our opinion.. deouate accouniing records have not been kept by the parent charitable company. Or retums adequate for our audit have not been recetved from branches not visited by us: or the parent chariiable company financial statements are not in ag￿eMeTrt with the a¢countin8 records and retvms; or certain disclosu￿5 of trustees. remuneration specified by law are not m•de.' or we have not re￿Ived all the inf0m￿tIon and explanatims we require for our audit. As explained MO￿ fully in the Statement ol Trustees, Responsibilits"es [set out on page 111. the trustees arè responsible for the preparation of the fina￿la1 statements and for being satisfied that tlw give a true and fair view. and for such internal control as the trustees deterrn￿e is necessary to enable the preparation of financlal statements thai are free from m*erial mlsstatement. whether due to fraud or e￿Or. In preparlng the fina￿la1 siatementy the trustees are responsible for assessing thegroup's and the parent charitsble compary's ability to Continue #s a 80in8 corKem. disc105in& as applicable. matters related to eoin8 concern and u51n8 the 80in8 concem basis of aCC￿nting unlèss the trustees either interMI to liquidate the 8roup or the parent charitable company ¢Yto Cease oper*ions. or have no realistic atternati¥e but to do so. eaudit f Our objectives are to obtain reasonable assurance about whether the fvnoal statements as a whole are free frgm mateTial misstatement. whether due to frnud or errLY. and to issue an audit¢¥'s reptsrt that includes our opinion. Reasonable assuran￿ is a hl8h level of assurance. but is not a guarantee that an audit conducted in accordance with JSAs IUKI will alway5 detert a rnaierial misstatement when it exists. Wisstatem•its can arise from fraud or error and are consldered material if. individually or in the ag£re8ate, they could ￿aSonablY be experted to inFluence the economic utable to the thari￿s c(rfnplk7nce with the constitutional and statutory requirements. indudin8 audit strateerc management and trustee's Meetin￿ and reimbursed expenses. Tanglble fixed assets All assets costing over £250 I￿ considered for capltslls*bon subRct t¢ considerations as to the likely usefu5 Ilfe of exh item. 18 Disability Initiative year ended 31 December 2024 Notes to the Finanaal StatÈments Tangible assets are initially recorded at cos¢ and subsequentfy ststed at Cost less any accumulated depreciab"¢m and impalmient losses. Herlts8e assets Heritage assets are measured under the rwaluatiffi model and are revalued * each reportin8 date. The ¥ery lon8 expect￿ lives of heritage assets, due to their natures. value need to be protected and preser¥ed mean5 that depreciatson is not material and is. therefore. not provided. Oepre¢iati(¥n and amortl Oepretiation Is provided on tan8lble fixed 355ets ￿ as to write ¢ff the costervaluation. less ary estimated resldual Value. ¢)ver their e¥pe¢tsd useful ect)nomic life as follows: Asset das5 Therapy. offlce and IT equipment 8uildin8 frxtures and equipment Leasehold ￿ll(ling reciation method and rate straight line o¥eK the estimated useful life of the asset Strai8ht line over the estimated u5ehJl life of the asset Straieht line (wer the period ofthe ￿a$@ Trade credftors Creditors are Ye￿bIl$ed where the charty has a contrartual oblig*ion ￿￿11)ng from a past event that will probably result in the transfw of funds to a third p¥ty and the amount due io settle the obligation can be measure or estimated reliabty. Creditors are nomialty reco8nised * t￿1( tontrartual amount after allowing for any trade discounts due. Fund StiuLture Unrestricted funds ￿ avali able use at the disuetioTh of the trustees to fvrther any of the charitvs purposes. Oesignated funds are4Jnrestrlaed funds Set aside by the rrustee5 for a particular purpose. The aims and l￿eS of eath designated fund are set out In the detailed notV• to these finan(i31 statements. Restrfcted funds are funds which are to be used in accordance with specific restrKtions irnp05ed bv donors or which have been ralsed by the charlty for a ￿rtiCUlar purpose. Expendiknre that meets these ttiteria is tharged to each fund, togeiher with the dbrert Costs ot raising such funds. as explai1￿ in the ¥esourcÈ5 expended polioi. The aims and uses of eath significant restricted fund are set ￿t in the detai￿ notes to these financial Stalen￿ts. A defined contribution plan is a peftsioft plaft undtrwhich fixed contrilxrtlons we into a pension fund and the company has no legal or contractual obligation t¢ pay further contributi￿$ even if the fund does not hold sufficient assets to pay all employees the benefrts relati￿ to employee servlce in the current and prior periods. Contributions to defintd contribution plans are reco8nised a5 employee benefit expenses when they re due. If ¢ontribution payments exceÈd the contribution due fof a seNite. the excess Is reco8nised as a prepayment. Flnanclal Instruments Recognition ond measuremert A financial asset of fI￿n(la1 liability 15 recogni5ed only when the charity become5 a party to the contractual provision of the instrumenL 19 Disability Initiative year ended 31 December 2024 Notes to￿ financial Statements The tharity only has financfial assets and fin8nclal liablliiies of a klnd that qualify as b85ic financial instruments. Basic financial instrurnents are Initially recoBnised at the amouni ￿CeIVable or payable irKludin8 any rol*ed trwsartim costs. Debt instrurnents are subsequenity measured at amortised cost. Financial assets that are measured at cost or am¢ytised cost are reviewed for objertNe eviden￿ of impairment at the end of each reportin8 date. If there is objective eviden￿ of Impairmeftt an impaimlent loss is reco8ntsed under the appropriate heading in the statement of finanaal atti¥lt5es in vthich thè inftial 8ain was rÈtO8nised. Any reversals of impaimient are reco8nised immedi*ety. to the extent that the reversal does not result in a carrying amount of the frnaficial asset that exceeds what the carryin8 am+wnt would have been had the irtyaimient not pre•i¢wty been reco8nised. Impoirment A review for indicators of impairrnent Is Girried out at eath feportin8 date. with the recgverable amount being estimated where such indscators exist. Whwe the carylng value exceeds the recoverable amount, the asset 15 impaired accordi￿￿. Prior 11￿?1ftnents are also reviewed for Possible reversal at each reportin8 date. Unrestrirted Restrirted General Funds Totèl 2024 Total 2023 D¢natlons from ¢ompanies, trusts and similar proceeds 9.230 54.lljo 63.330 169.977 Llnrestricted Funds Total 2024 Total 2023 Provlslon of disability ser¥4ces 737.668 737.668 654.734 Unrestrirted Funds Total 2024 Totsl 2023 Inteffjst feceivable and similar income 10291 10291 3,802 Rental Income 20 Disability Initiative year ended 31 December 2024 Notes to the Finanoal Strtements Costs of generatin8 donations •)d legacles Note Unrestrirted Funtls Restrirted Funds Totsl 2024 Total 2023 Other direct Costs of 8eneratins Volunt￿ inwme Raislng Funds 1.234 1.234 117.970 117 970 118.539 118 $39 Note Unrestricred Funds Restrirted Funds Total 2024 Total 2023 Provision of dI￿bilIty senaryces Allocated support costs Governance costs 416.47S 353.302 9,273 779.050 54.100 1661 470.57S 353.236 441,493 335,660 $4.034 833,084 801,555 Raising Furrfls Services to Oients 119.204 659A46 779.050 IL2341 55.268 117.970 715.114 833.084 118.539 683.016 801555 £731,579 {2023: £M.763) of the above expendslure was attributsble to unfestricted funds and É69,976 {2023- £36.9811 to restricted funds. Support costs allocation Raisin8 Funds SeThices to Total 2024 aients Total 2023 Staff costs Legal and professional Premises and equiwnent rnaintenance Other L)epreciation and dbsposals Outings and ¢aterin8 Bad debt provision 66.079 15.897 7.713 4.743 18.Y15 420 99,118 23W6 53,995 33,202 29.876 165.197 39.743 61,708 37.947 48,221 420 160,640 34.056 61.601 33,5SI 38,631 263 6.917 335.660 . 24.4?2 240.037 4,51X) 353 236 9.273 G(weman¢e Costs 4,7n Unrestricted Funds 2024 Total 2023 Audit & Accountancy of the ftnancièl statements Governhnce expenses 41.(KK) 273 41.000 273 41.273 23.5 902 21 Disability Initiative year ended 31 December 2024 Notes to the Financial Statements Trustees expenses consists of £26012023: £495 for trustees. rrtttFn8 expts)ses) Net oiiteoin8 resources for the year indude: 2024 2023 Amortisation of fixed assets Depreciatlon of fixed assets 2.512 42.029 1.769 36A62 No remuneTrtion was paid to the trustees in eitheryear and norvrne ary travel expenses reimbursed to any trustees. Expenses relating to tnjstee's meetin85 and trustee trainin8 costs are shown under gcwemance costs. See r￿te 8. The a88re8ate payr￿1 wjts were as follow5: 2024 2023 Wages and salaries Sc¢ial security Costs Pension costs Staff trainln8 and recrultrnent 465.788 37,840 20862 7,206 $31696 441,526 37077 25,225 6.497 511.125 Employee costs. indudiro pension ¢ost% are split between activityes based on the number of se$5ions provided to clients. Tre m¢Jnthly average number of persons lindud1￿ seniw mafta8ement tÈaml employed ty the£roup duri￿ the year expressed as full-ttme equivalents were as folltrws: 2024 2023 Dlsablllty ser4lces fvlana8ement and administration 16 14 20 17 The total employee bwefits of the kry management pewwnnel ofthe 8f041P were £161,56412023: £115.8231. Groiip Charity 2024 2023 2024 2023 Audit of the financtal statements 4,5fy) 4.500 The group is a registered charfry andls ihereffft exeffpt from taxation. 22 Disability InFtiative year ended 31 December 2024 Notes t¢ the Finanoal St•tements Group Software Total At l January 2024 Additions Transfers At 31 December 2024 16,776 16.776 16,776 16.776 Dèpreciation At l Jaftu¥y2024 ChèrÉe for the year At 310ecember 2024 11.468 2.512 13.980 11.468 2.512 13.980 Net l)ook value at 31 December 2024 Net book value at 31 December 2023 2.795 2.795 5.307 Charltv Software Total Cost At ljanuary 2024 Additions Transfers At 31 Oecember 2024 Depretiatlon At l January 2024 Charge for the year At 31 December 2024 Net book value at 31 December 2024 Net book valuè at 31 De￿rnber 2023 Disability Initiative year ended 31 December 2024 Notes to the Financial 5tstements ble 11 Group land Buildlng BuildinES Improvements Furnitu￿ and Equipment Equipment Total At l January 2024 Additions Disposats Tr￿sfer$ At 31 Oe¢ember 2024 539.229 776.301 39.471 1,355,(KJi 2.731 2.731 141,120) {71.794) 26,630 27,712 1,285.938 13D.674) 16.260 555,489 567,797 567.797 134.940 Depreuation At I january 2024 Charge for the year Elimination on Disposat Transfer At 31 December 2024 113.325 27.952 0,989 1122251 129.171) 35.745 710.059 2,786 42.195 (39.109) 168,2801 24,523 23.945 23.782 27.927 169.204 405,704 85.121 683,974 Net book v31ue at 31 December 2024 Net book value at 31 Oecember 2023 386.285 425,904 162,Q33 49.819 215.311 3.766 3.725 601,964 644,940 Charity Land arKI PAMldin Building Impr¢)vements Furniturè and Equlpment Equlpment Total Cost At l January 2024 Addltlons DIsp05als Transfers At 31 December 2024 539.229 702,597 39,471 1,281.297 (265461 578.386 97,665 124,4481 150.9941 5,6711 9.352 1,230.303 7.797 567.797 555,489 Depretiat#)n At l January 2024 Charge for the year Eliminats'on on Disposal Transfer At 31 December 2024 113.325 27.952 S02,761 110.402) 125.0811 404.6641 62.614 3S.745 651.831 i.oii 42,343 (22.961) {48,0421 15.1851 8.609 23.782 27.927 169,204 381.922 405.704 646.130 Net book value at 31 December 2024 Net b¢)ok Value at 31 De￿rntser 2023 386285 425￿5 162.093 35,051 199,837 743 584,173 629.467 Included wlthin the net book value of land and buildings abtye is £386.28612023.. £425.9051 in respect Of leasehol•Js. The leasehold bvbldin8 IS the ResourcÈ Centre in Cambwley. vthith is ststed at historical costs less dèpreciation. The lease of the land for the Centre is for a of 99 year8 expirSng on 26 January 2099. The annual grourid ont amounts to £3.50 24 Disability Initiative year ended 31 December 2024 Notes to the Financial Ststements 15. Herl Group and Charity Jewellery. Total Valuatit>n At lJanu•y 2024 At 31 Oecember 2024 4,6fy) 4,6fy) 4,6(M) Depreciation Net book value at 31 December2024 4.6W 4.6 The asset was proftssionallyvalued on donauon and the trustee5 rwiew thb at eath year end. There have been no additions gr disposals of heritsge assets in the last 5 yeats. 16. S•Jbsldi ndertalln "Initlats¥e. The charitvs wholly owned tradtn8 subsidiary, Oisability Initiatbve Ser¥ices Ltd {DISI. is a ci*npany incorporateé in England with the company nun*)ei 02915444. The registered office is Resource Centre. Knoll Road. CambÈrley. Surrey. GU15 3SY. The share cèpital. tomprising of 100 Ordinary £1 share5 Wa5 purchased at a cost of £100 and was held bythe charity throughout the year. The shares a￿ shown at cost value in the accounts. DIS provides services to disabled people in the Resourtt Centre In Camberley, Surrry. It fund5 its arti¥ities by 5ellbn8 sessrons tg SOCI￿ services. health oryni5ations and private individuals. When DIS earns any profit above a basic minimum threshold reguired for the coniinued malntenance of its working capital and operations. it pay5 the profitto the ¢harity by 8ift aid. DIS a150 operates some S￿l¢e$ includin8 payroll on behalf of DI and these are retharged to DI by DIS. DIS has been included w the consolidated accounts and a summary.of its Indlviduèl tradi￿ results Is shown below.. 2024 2023 Tumover frDm pA￿lS1on of Llsability Services Other Income Operattonal and administJabve expenses Operating profit I110ss1 Aetained in the subsidiary 548.727 121 1537,7921 11,056 11,056 496,160 122 1515,897} 19.615 Ftxed assets Current asws Current liabilities Net assets 20,584 109.262 202 252 20,783 136,065 A8gre8ate share capital reser¥es 25 Disabllity Initiative year ended 31 De￿rnber 2024 Notes to the Financial Statements 17. R The gfOSS Incorne and result of the parent charity exdudin8 those of its subsidiarywere as follows.. 2024 2023 Total income Net rnovement in funds 274.441 29.483 390.986 63.478 &oup Charity 2024 2023 2024 2023 St¢xk 100 i(0 19. Group (harlty 2024 2023 2024 2023 Trade debt Due from group undertakir%s PrepaymeDts 47.801 88.818 15.614 137.116 4.592 157.322 22.691 234,250 250 257.191 50.325 98,125 27.396 116.214 Group Charity 2024 2023 2024 2023 Cash In hand Cash at bank 1.311 330,243 331.554 560 353.243 353.803 602 288.259 288,861 384.056 385.046 21. Gr¢)up Charity 2024 2023 2024 2023 Trade ueditors Other taxation social security Other ￿dItorS Actyuals & deferred Income 10.079 35.495 19) 3,5(rf) 41,334 99.011 45,021 87,301 35.87S 33,304 26 Disability Initiative year ended 31 December 2024 Notes to the Financial Ststements The group operates a defi￿ contribvtion pension s¢heff*. The pffision cost thar8e for the year represents contributions payable by the 8roup to the scheme and amounted to £20,862 (2Q23.. r25.225). Chority The tharity had total commimients under non4ancellable operatin8 leases for the Resour￿ Centre as set ovt below." 2024 2023 No later than one year Later than one year arnl no l*er than five yeofs Later than fNeyea 3.500 14.(KJO 241.500 3.500 I4,￿0 245,CK Notss to the Finanoal %atements 27 Disability Initiative year ended 31 December 2024 24. Funds Group Balance at 31 lIe5wr￿S Expended December 2024 2024 Unrtsi General Desl8nated maintenance fklnd T¢tal unre$￿tted fvnds 75L282 112.407 863.689 757.188 1799,11481 34.012 903.607 709.422 146.419 855,841 1911.455 Buildings Rehabilitation project- community fund Motomeds Solar Panels TNLCF Restricted Fund CFS Grant- Carers Evenlres Garden Power Chair Other projects and equipment Totsl restricted funds 88.410 {16.7791 IL2081 71.631 5.595 10.080 8.333 8,208 18,409 6.430 9.092 137.778 8.333 8,208 20,053 6.430 6.213 151,724 1S0,(ml 12.5001 (1.6441 15(X) 2.879 58.185 172.131 Total fvnds 15 13 961.792 983.586 993.619 Group B*n¢e •t l January Balan￿ 31 Re50ur¢es ExpÈfided Ilecember 202Y Unr trlcted General L)esi8nated maintenance fund Totsl unre5tyirted funds 715,771 140.1XYJ 771,382 1735,8711 751.282 112.407 863.689 Buildings Rehabilitatlon proje¢t- community fund Motomeds solar Panels TNLCF Restricted Fund CFS Grant- Carers Evenin85 Gafden Power Chair Other projetts and equipment Total restricted funds 76.626 14.430 116461 17.7751 1929} IL120) {S0.WOI 14,2921 11891 19191 2.071 69.9401 88,410 1,208 2,789 10,080 8,333 8,208 20,053 6,430 6,213 151,724 1.420 2.298 11.21)0 8,333 12.500 20.242 7348 173 115.778 los￿87 Total funds 971349 833AO4 1.015.413 Notes to Financial Ststements 28 Dlsability Initiative vear ended 31 December 2024 Balance 4t In￿rnIn Resouros 31 Resources Expend*d December 2024 J January 2024 General Desi8nated maintenance fvnd Total unrestricted funds 834,844 220.341 112.407 34.0 947.251 366.760 12732591 781.926 146.419 928.345 1385,6661 Bulldings Rehabilitation project- communlty fvnd Motomeds Sdar Panels TNLCF Restritted Fund CFS Grènt- Cafers Evenin85 Garden Piiwer Chair Other projetts and equipment Tot31 restrirted funds 88,410 L20B 1789 10.080 8.333 8,208 20.053 6.430 116,7791 IL2081 71.631 5.595 10.080 8,333 8.Z08 18,409 6.430 9.092 137,778 150.CKJO) (2,5001 IL6M) 2S79 5S.185 151,724 172,131 Total flmds 1x198.975 457 797 1,066. Ch•rfty ljanu 1024 Incomin8 Resour¢e5 31 Resou￿$ E¥pended Detembef 2024 General Des￿nated maintenance fund Total unrestrirted funds 779.719 I40.￿ 919.719 285.099 1229.974) 27,S93) 1257.567) 834,844 112.407 947.251 285,099 Buildings Rehabilitation proJect~community fund Motomeds S(Har Pane15 COVID TNLCF Re5tricred Fund CFS Grafit- Cwers Eveni Garden Integrated Pathway Hampshire Workforce SCCOmicron Fund P<>wer Chair other prolects and equrpment Total restricted funds 76,626 8,983 L420 14.430 12,6461 17.7751 19291 11,uo) 88,410 1.208 2.298 U.200 10.080 8.333 S0.thX) (50.w)I 14.2921 11891 8,333 20242 20.053 1919) 430 173 115.778 ,iii 105187 69.940 151.724 7otsl lunds 3SA97 3x1.916 ImB,975 Notes to the Financial Statements The speerfic purpose5 for whith the lunds are to be applled are as follows: 29 Disability Initiative year ended 31 December 2024 Restrlcted Funds al 8uildin8s: All other restricted 8rnts and donatlons relatingto the original ￿nsEn￿￿OrtS tost of the Resource Centre are held within this fund. These appe4s are n¢)w dosed. All outyoln8s relate entirely to depreciation. bl Rehabilitation Proiett- Community FutKI: In 2(A)I, the Charlty embarked upon a project fty the estsblishment of a Speuafist RehabIl￿atIon 5eNice. Project funding came to an end in February 2004. Since. some of the fundinB was spent ) Capital e9ulpmenl depreciation thaoes will continue to be made a8ainst the fund untll the fund is fully utilised. c) Motomeds.. t￿rIfi8 2015 thè Charity received fund for the purtha5e of 3 Motomed dev5ce5 and related acossorie5. These lunds a￿ to be held in a separate restrirted fvnd until the equipment has been fulty dep￿cIated or disposed ol. dl Other projects and equipment.. AS part of its continuing wryk. the tharity seeks support from both the general publ1¢ and other donors in the finanung of its a¢tivitits and its specialist equipment. When funds are received in response to spe¢ifK requests. they are held in separate restricted funds until they have been spent or. rf a fixed asset is purtha5ed. until that a55et ha5 been fulty depredated. Un￿￿triCted Funds Wlthin the unrestricted funds, In view Of the expected maintenance rwds of the Resource Centre over the short to medium tem), the trustees h4¥e elected to maintain a design*ed fvnd to represent the cash Set aside to meet these fLrture Costs as they arrse. 25. Group Unfestritted funds Restrirted fvnds Total funds Tanglble fixed assets Intan8ible fixed assets Heritage assets Current assets Current liablllties Total net assets 404,736 2.795 197.228 601,964 2.795 4,600 483,271 99.011 993,619 483.271 99.011 197.228 tharlty Unrestricted funds Ilestricted funds Total fvnds Tan8lble fiyed assets Heritage assets Inve5trnents Current assets Current liabilities Total net asset5 986,945 197,228 584.173 4,6 IfA) 511.12S 33.875 1,066 123 loo 511.125 868.895 Notss to the Financial Ststements 30