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2024-03-31-accounts

Charity registration number 1079831

Company registration number 03891119 (England and Wales)

DISABILITY DIRECT

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

DISABILITY DIRECT

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees D Moss
R Wood
S Sall
Mr D Rees-Jones
P Cade
S Aspey (Appointed 20 July 2023)
S Amin (Appointed 1 July 2024)
Secretary J Heer
Charity number 1079831
Company number 03891119
Key management personnel
Senior Managers of Disability Direct:
Chief Executive Officer Amo Raju
Director of Operations S Austin (to August 2023)
Director of Operations L Moss (from August 2023)
Services Manager N Jacobs
Senior Managers of The Disability Syndicate Limited:
Executive Director Avtar Raju
Executive Director R Johal
Senior Manager of Nimbus:
Managing Director M Austin
Director of Partnerships M Briggs
Director of Operations S Austin (from August 2023)
Registered office The Richard Shaw Centre
20 Royal Scot Road
Pride Park
Derby
DE24 8AJ
Auditor Azets Audit Services
Westpoint
Lynch Wood
Peterborough
Cambridgeshire
United Kingdom
PE2 6FZ
Bankers Unity Trust Bank Plc
9 Brindley Place
Birmingham
United Kingdom
B1 2HB

DISABILITY DIRECT

LEGAL AND ADMINISTRATIVE INFORMATION

Solicitors

Nelsons Sterne House Lodge Lane Derby DE1 3WD

DISABILITY DIRECT

CONTENTS

Page
Trustees' report 1 - 5
Statement of trustees' responsibilities 6
Independent auditor's report 7 - 9
Statement of financial activities 10 - 11
Balance sheets 12 - 13
Statement of cash flows 14
Notes to the financial statements 15 - 28

DISABILITY DIRECT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The trustees are pleased to present their annual directors’ report together with the consolidated financial statements of the charity and its subsidiary companies for the year ending 31 March 2023 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The objects of the charity are to provide relief for disabled people and by the provision of, but without limitation:

This is in accordance with the charity's governing document, the Memorandum and Articles of Association as amended on 13 February 2000, 27 July 2000 and 27 April 2007.

Public benefit

The aims of our charity are to support disabled people of all ages in accessing independent living opportunities including signposting, guidance and/or representation. Our aims fully reflect the purposes that the charity was set up to further. Ensuring our work delivers our aims, we review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us ensure our aim, objectives and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The focus of our work

Our main objectives for the year continued to ensure we met the needs of our service users particularly in light of issues arising from social care and equalities related legislation. However, the COVID 19 pandemic steered the organization into new additional ways of operating to meeting existing objectives as well as the immediate need to ensure no service user went without.

The strategies we used to meet these objectives included:

How our activities deliver public benefit

Our main activities and who we try to help are described below. All our charitable activities focus on the facilitation of independent living for all disabled people and are undertaken to further our charitable purposes for the public benefit.

DISABILITY DIRECT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Who used and benefited from our services?

The last 12 months are quite typical in relation to who used our services i.e. disabled people, older people, carers, statutory bodies and commercial companies. However directly & indirectly all enquiries made benefited disabled people and carers.

Equal access to our services is an important issue for us. Disability Direct continues to monitor the take-up of services from all community groups as well as ensuring we successfully provide an equal and qualitative service to all who approach us. We believe equal access to our services is vital to our success and that successful outcomes must be shared by all communities that use our services.

Our information services are targeted towards disabled people regardless of background, age, gender, sexual orientation, race and religious belief. We are extremely pleased in our ability to reach disabled people from BME Communities who currently make up 18% of our total service user base. Equally important is Disability Direct’s expertise in meeting the needs of many impairment groups i.e. physical, sensory, learning difficulty and mental health problems.

Achievements and performance

This year Disability Direct continued existing projects including:

  1. Personal Budgets Support Service

  2. Welfare Rights Service

  3. National Payroll Service – DD Payroll

  4. PossAbilities – Dance & Fitness For Disabled People

  5. Support Planning Service

  6. Infrastructure support to smaller groups eg Derby Sound Community Radio

  7. Self-help activities e.g. Enabled Centre

  8. Plot To Plate Project – Allotment based activities

  9. Do What You Want Directory – Online

  10. Community Cares Neighbourhood Support

  11. General Information & Advice

  12. Outreach Services

  13. PA Training – Skills For Care

  14. The Access Card – National & International Membership scheme for disabled people & carers

  15. Virtual Activity Sessions

  16. CommunITy

  17. Hospital Discharge support in the community

The number of paid staff employed by Disability Direct is now 49, plus a further 41 volunteers.

Fundraising standards

Disability Direct procures grant & bid-writing expertise. Whilst applying for and tendering for grants and contracts, the charity also engages in community fundraising through raffles and sponsored events. However, the trustees have a strict policy prohibiting staff and volunteers from asking the public directly for donations in the form of ‘tinrattling’ or similar approaches. Anyone working on our behalf in a paid or voluntary capacity will wear I.D. badges clearly determining their role. Members of the public are encouraged to contact head office to confirm the identity of fundraisers.

Financial review

Total funds at the year end were £1,442,637, of which £407,173 related to restricted funds. Designated funds of £239,385 comprise £51,446 funds held within subsidiaries and £187,939 fixed assets. Unrestricted funds which are freely available are £796,079.

According to the free reserves policy the charity is required to hold one month of core operating costs which currently equates to £260,000. Our ambition is to have three months running costs within reserves which is approximately £780,000 and our total of freely available unrestricted reserves at the year end is £796,079.

DISABILITY DIRECT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Principal funding sources

Skills For Care - Staff Time + General Running Costs Community Action Derby Garfield Weston Foundation Reaching Communities – National Lottery

Investment powers, policy and performance

The charity’s governing document imposes no specific investment power restrictions on the trustees.

Risk management

The trustees have a risk management strategy which comprises:

This work has identified that financial sustainability is the major financial risk for both the charity and its subsidiaries. A key element in the management of financial risk is a regular review of available liquid funds to settle debts as they fall due, regular liaison with the bank and active management of trade debtors and creditors balances to ensure sufficient working capital by the Charity and its subsidiary companies.

With the support grants from the Lottery, Garfield Weston Foundation and others, the group has ensured no jobs were lost and services were delivered. Going forward, the charity has decided to make use of the said grants by weaving the above projects into its core offer. Due to a national shifting in priority towards services for disabled people, more grants are announced on a weekly basis which are in the remit of the charity’s purpose. Disability Direct is predicting a fiscally stable 24/25.

Plans for future periods

Disability Direct continues to provide generic information & advice with specialist Welfare Rights advocacy. Additional services have been added to the core offer to include advocacy support for anyone needing guidance around access to health & social care services. The charity has also recognised the need to support both paid and unpaid carers of disabled people via the creation of The Blue Sky Social Care Card and a grant from Key2Care Ltd.

The governing documents for the charity and it’s subsidiary bodies are to be reviewed and energised to reflect the growing needs of the DD Group over the next decade and beyond.

After 30 years of service Disability Direct will lose tenure of it’s founding member of staff and long-serving CEO, Dr Amo Raju OBE DL after accepting his request to step down from the role. The charity is delighted to retain his unconditional support as he has agreed to become an Ambassador for the charity at an national or international level on demand. The board will commence recruitment for his successor in September 2024. Louise Moss will take on the role on an interim basis until then.

Nimbus The Disability Consultancy Service Ltd continues to make great progress in securing itself as the complete solution to helping business make reasonable adjustments for disabled customers through the brand new ‘Access Card’. There is a strong prediction of growth in Access Card sales and increased buy-in from businesses who will equally sign-up to the benefits of the purple pound.

The charity has weathered the funding cuts from statutory bodies and looks primarily towards the trading arms for sustenance. There will be increased services outside the office with development of the Plot To Plate Service into other parts of the city. The charity has decided one of the projects, Derby Sound Community Radio, will benefit by splitting from the main body as an autonomous organisation. The group will therefore split by the end of August 2021.

Whilst the charity welcomes surplus donations from The Disability Syndicate, trustees have recognised the need for investment into Payroll systems ensuring the service continues to perform efficiently and competitively.

DISABILITY DIRECT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Structure, governance and management

Governing document

Disability Direct is based at the Richard Shaw Centre, 20 Royal Scot Road, Pride Park, Derby, DE24 8AJ the company's registered office and the principal address of the charity. Disability Direct is a company limited by guarantee governed by its Memorandum and Articles of Association dated 13 February 2000 and not having a share capital (company registration No. 3891119) and Registered Charity (No. 1079831).

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

D Moss

R Wood S Rigby (Resigned 25 May 2023) B Samra (Resigned 25 September 2023) S Sall M Haye (Resigned 25 September 2023) Mr D Rees-Jones P Taylor (Resigned 30 May 2024) P Cade S Aspey (Appointed 20 July 2023) S Amin (Appointed 1 July 2024)

Policies and procedures for induction and training of trustees

Disability Direct has a full induction and training policy for all members new to the committee and for continuous development of all existing members.

All induction sessions for new members are run by the Chief Executive and the Chair of the MC. This is an opportunity for the new member to familiarise themselves with certain key working issues of the organisation, structure, ethos and working practice as well as give them a grounding for current and future initiatives goals, and also risks.

In summary:

An induction pack has also been created which will act as a resource for all MC members throughout their time with the company – this outlines most of the issues raised in induction as well as a number of other useful pieces of information.

Organisational structure

The directors of the company, also charity trustees for the purposes of charity law under the company’s Articles, are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee must be elected to the post and must be reelected at the next Annual General Meeting.

The build up of the Management Committee must be reflective of the diversity of the community which we serve and therefore a majority of the Committee must be disabled people. A proportion of this committee are also service users who have been actively encouraged to become part of our membership and take an active role in the organisation.

All trustees are required to complete a skills ‘CV’ which highlights what particular attributes they will be able to contribute to the organisation. This enables the organisation to recruit new members to the Committee to fill skills shortages.

DISABILITY DIRECT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Disability Direct’s Management Committee has 7 places filled at present by members with a wide variety of professional and personal backgrounds. Meeting on a bi-monthly basis, the MC is responsible for the strategic direction and policy of the Charity. The company secretary also sits on this committee but, along with two observers, has no voting rights.

Day to day responsibility of the running of the organisation and provision of its services is delegated to the Chief Executive.

The Chief Executive has responsibility for ensuring that the Charity delivers the services specified and that Key Performance Indicators (KPI’s) are achieved.

Pay policy for senior staff

The directors consider the board of directors, who are the Charity’s trustees, and the senior management team comprise the key management personnel of the charity in charge of directing and controlling, running and operating the Charity on a day to day basis. All directors give of their time freely and no director received remuneration in the year. Details of all directors’ expenses and related party transactions are disclosed in notes 10 and 22 to the accounts.

The pay of the senior staff is reviewed annually and normally increased in accordance with average earnings.

Related parties

As well as the mission statement of Disability Direct;

“to facilitate independent living opportunities for disabled people”,

the organisation works towards and in-line with local and national government agendas including:

Implementation of Equality and Human Rights

Provision of the Dept of Health Direct Payments & Personal Budgets scheme Personalisation in Derby City

Derby City Carers Awareness Strategy

Additionally, the organisation works with other groups in the city with similar aims including smaller self-help groups.

The charity has two wholly controlled subsidiary companies, The Disability Syndicate Limited and Nimbus: The Disability Consultancy Service Limited. The trading subsidiary companies donate surpluses directly to Disability Direct.

Auditor

In accordance with the company's articles, a resolution proposing that Azets Audit Services be reappointed as auditor of the company will be put at a General Meeting.

The trustees' report was approved by the Board of Trustees.

..............................

D Moss

Trustee Dated: .........................

DISABILITY DIRECT

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2024

The trustees, who are also the directors of Disability Direct for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

DISABILITY DIRECT

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF DISABILITY DIRECT

Opinion

We have audited the financial statements of Disability Direct (the ‘charity’) for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

DISABILITY DIRECT

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF DISABILITY DIRECT

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

DISABILITY DIRECT

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF DISABILITY DIRECT

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Mark Jackson FCA DChA (Senior Statutory Auditor) for and on behalf of Azets Audit Services

.........................

Chartered Accountants Statutory Auditor

Westpoint Lynch Wood Peterborough Cambridgeshire United Kingdom PE2 6FZ

Azets Audit Services is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

DISABILITY DIRECT

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Designated
Restricted
funds
funds
funds
2024
2024
2024
Notes
£
£
£
Income from:
Donations and legacies
3
169,026
-
159,656
Charitable activities
6
-
-
-
Other trading activities
4
2,816,969
-
-
Investments
5
109,221
-
-
Total income
3,095,216
-
159,656
Expenditure on:
Raising funds
Commercial trading operations
7
1,962,719
-
-
Charitable activities
8
1,010,182
-
150,303
Total expenditure
2,972,901
-
150,303
Net incoming resources before transfers
122,315
-
9,353		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
328,682
234,126
80,676
-
6,178
-
2,816,969
1,991,921
-
109,221
55,054
-
3,254,872
2,287,279
80,676
1,962,719
1,240,078
-
1,160,485
577,672
161,130
3,123,204
1,817,750
161,130
131,668
469,529
(80,454)		 Total
2023
£
314,802
6,178
1,991,921
55,054
2,367,955
1,240,078
738,802
1,978,880
389,075

DISABILITY DIRECT

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Designated
Restricted
funds
funds
funds
2024
2024
2024
Notes
£
£
£
Net incoming resources before transfers
122,315
-
9,353
Gross transfers between funds
(239,385)
239,385
-
Net (expenditure)/income for the year/
Net movement in funds
(117,070)
239,385
9,353
Fund balances at 1 April 2023
913,149
-
397,820
Fund balances at 31 March 2024
796,079
239,385
407,173		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
131,668
469,529
(80,454)
-
-
-
131,668
469,529
(80,454)
1,310,969
443,620
478,274
1,442,637
913,149
397,820		 Total
2023
£
389,075
-
389,075
921,894
1,310,969

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

DISABILITY DIRECT

CONSOLIDATED BALANCE SHEET

AS AT 31 MARCH 2024

Notes
Fixed assets
Tangible assets
14
Current assets
Stocks
16
Debtors
17
Cash at bank and in hand
Creditors: amounts falling due within
one year
18
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
20
Designated funds
Unrestricted funds		 2024
£
£
538,913
11,604
443,907
729,078
1,184,589
(280,865)
903,724
1,442,637
407,173
239,385
796,079
1,442,637		 2023
£
£
483,783
-
392,646
664,808
1,057,454
(230,268)
827,186
1,310,969
397,820
-
913,149
1,310,969		 2023
£
£
483,783
-
392,646
664,808
1,057,454
(230,268)
827,186
1,310,969
397,820
-
913,149
1,310,969
1,310,969
397,820
-
913,149
1,310,969

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024, although an audit has been carried out under section 144 of the Charities Act 2011.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on .........................

..............................

D Moss

Trustee

Company Registration No. 03891119

DISABILITY DIRECT

BALANCE SHEET

AS AT 31 MARCH 2024

Notes
Fixed assets
Tangible assets
14
Current assets
Debtors
17
Cash at bank and in hand
Creditors: amounts falling due within
one year
18
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
20
Designated funds
Unrestricted funds		 2024
£
£
416,159
832,384
210,711
1,043,095
(68,063)
975,032
1,391,191
407,173
65,185
918,833
1,391,191		 2023
£
£
440,209
721,625
192,558
914,183
(44,184)
869,999
1,310,208
397,820
-
912,388
1,310,208		 2023
£
£
440,209
721,625
192,558
914,183
(44,184)
869,999
1,310,208
397,820
-
912,388
1,310,208
1,310,208
397,820
-
912,388
1,310,208

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024, although an audit has been carried out under section 144 of the Charities Act 2011.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on .........................

..............................

D Moss Trustee

Company Registration No. 03891119

DISABILITY DIRECT

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

2024
Notes
£
Cash flows from operating activities
Cash generated from operations
25
Investing activities
Purchase of tangible fixed assets
(135,500)
Investment income received
109,221
Net cash (used in)/generated from
investing activities
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 £
90,549
(26,279)
-
64,270
664,808
729,078		 2023
£
(41,688)
55,054		 £
364,429
13,366
-
377,795
287,013
664,808

DISABILITY DIRECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Disability Direct is a private company limited by guarantee incorporated in England and Wales. The registered office is The Richard Shaw Centre, 20 Royal Scot Road, Pride Park, Derby, DE24 8AJ.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The Statement of Financial Activities and Balance Sheet consolidate the financial statements of the charity and its subsidiary undertakings. The results of the subsidiaries are consolidated on a line by line basis. No separate SOFA has been presented for the charity alone as permitted by section 408 of the Companies Act 2006.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the accounts.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Where funds are in deficit they are charged against unrestricted funds.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Income from government and other grants are recognised when the charity has entitlement to the funds, and performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Cash donations are recognised on receipt.

DISABILITY DIRECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

All expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measure reliably. Expenditure is classified under headings that aggregate all costs relating to the category as follows:

Cost of raising funds are those incurred in seeking voluntary contributions, organising fund raising events and the costs of running the trading subsidiaries.

Expenditure on charitable activities includes the costs of running the charity to further the purposes of the charity and their support costs.

Irrecoverable VAT is allocated to the cost heading within the Statement of Financial Activities to which it relates.

All costs are directly allocated to either the cost of raising funds, charitable activities or governance costs.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 25 years
Leasehold land and buildings Term of lease
Equipment & vehicles 4 years
Fixtures and fittings 4 years

Equipment and computer equipment costing more than £500 is capitalised.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

DISABILITY DIRECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

DISABILITY DIRECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
8,044
-
Grants received
160,982
159,656
169,026
159,656
Grants receivable for
core activities
National Heritage Grant
34,732
-
Community Action Advice
Network
42,610
-
NHS Derby & Derbyshire
-
93,315
SCOPE
35,000
-
Garfield Weston
Foundation Grant
-
-
National Lottery
Community Fund
-
65,341
Other
48,640
1,000
160,982
159,656		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
8,044
2,509
-
320,638
231,617
80,676
328,682
234,126
80,676
34,732
43,415
-
42,610
30,000
-
93,315
29,150
-
35,000
97,000
-
-
-
15,000
65,341
-
65,676
49,640
32,052
-
320,638
231,617
80,676		 Total
2023
£
2,509
312,293
314,802
43,415
30,000
29,150
97,000
15,000
65,676
32,052
312,293

DISABILITY DIRECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

4 Other trading activities

Total Total
2024 2023
£ £
Income - Charity 452,483 407,515
Rent 24,808 16,399
Trading income - subsidiaries 2,339,678 1,568,007
Other trading activities 2,816,969 1,991,921
5 Investments
**Unrestricted ** Unrestricted
funds funds
2024 2023
£ £
Interest receivable 109,221 55,054
6 Charitable activities
Unrestricted
Unrestricted
funds funds
2024 2023
£ £
Access to Work - 6,178
7 Raising funds
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Commercial trading operations
Trading subsidiaries' cost of sales 16,519 17,016
Other costs 847,736 507,041
Staff costs 1,067,421 706,066
Depreciation and impairment 31,043 9,955
1,962,719 1,240,078

DISABILITY DIRECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

8 Charitable activities

Staff costs
Depreciation and impairment
Premises costs
Equipment and maintenance
Telephone
Printing, postage and stationery
Staff expenses and training
Advertising and promotions
Consultancy
Legal and professional fees
Miscellaneous expenses
Bank charges
Supplies
Grant funding of activities
Share of governance costs (see note 9)
Analysis by fund
Unrestricted funds
Restricted funds
Support costs
Support
costs
Governance
costs
£
£
Audit fees
-
17,050
-
17,050
Analysed between
Charitable activities
-
17,050		 Total
2024
£
715,177
49,329
89,258
52,014
8,903
(534)
17,015
31,789
30,376
33,391
22,571
6,846
34,968
1,091,103
52,332
17,050
1,160,485
1,010,182
150,303
1,160,485
2024Support costs Governance
costs
£
£
£
17,050
-
14,000
17,050
-
14,000
17,050
-
14,000		 Total
2023
£
465,032
51,863
91,852
32,815
6,286
14,500
7,263
3,456
4,412
14,119
16,602
6,510
7,931
722,641
2,161
14,000
738,802
577,672
161,130
738,802
2023
£
14,000
14,000
14,000

9 Support costs

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

DISABILITY DIRECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

11 Auditor's remuneration

The analysis of auditor's remuneration is as follows:

Fees payable to the charity's auditor and associates:
Audit of the charity's annual accounts
Other services to the group
- the audit of the charity's subsidiaries
Total audit fees		 2024
£
6,500
10,550
17,050		 2023
£
6,000
8,000
14,000

12 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs
The number of employees whose annual remuneration was more than £60,000
is as follows:
£60,001 - £70,000
£80,001 - £90,000		 2024
Number
70
2024
£
1,524,407
126,998
131,193
1,782,598
2024
Number
-
1		 2023
Number
51
2023
£
1,048,619
76,089
46,390
1,171,098
2023
Number
1
-

13 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

DISABILITY DIRECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

14
Tangible fixed assets
Group
Freehold land
and buildings
Leasehold
land and
buildings
Equipment &
vehicles
Fixtures and
fittings
£
£
£
£
Cost
At 1 April 2023
935,543
14,165
134,060
59,302
Additions
-
-
29,643
105,857
At 31 March 2024
935,543
14,165
163,703
165,159
Depreciation and impairment
At 1 April 2023
513,450
14,165
109,190
22,480
Depreciation charged in the year
37,422
-
16,335
26,615
At 31 March 2024
550,872
14,165
125,525
49,095
Carrying amount
At 31 March 2024
384,671
-
38,178
116,064
At 31 March 2023
422,092
-
21,318
40,373
Charity
Freehold
land and
buildings
Leasehold
land and
buildings
Equipment
& vehicles
Fixtures and
fittings
£
£
£
£
At 1 April 2023
918,393
31,316
126,907
29,875
Additions
-
-
24,779
500
At 31 March 2024
918,393
31,316
151,686
30,375
Depreciation and impairment
At 1 April 2023
510,744
18,892
110,724
25,922
Depreciation charged in the year
33,881
3,541
10,622
1,285
At 31 March 2024
544,625
22,433
121,346
27,207
Carrying amount
At 31 March 2024
373,768
8,883
30,340
3,168
At 31 March 2023
407,649
12,424
16,183
3,953
16
Stocks
Group
2024
2023
2024
£
£
£
Raw materials and consumables
11,604
-
-		 Total
£
1,143,070
135,500
1,278,570
659,285
80,372
739,657
538,913
483,783
Total
£
1,106,491
25,279
1,131,770
666,282
49,329
715,611
416,159
440,209
Company
2023
£
-

DISABILITY DIRECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

17 Debtors

Amounts falling due within one year:
Trade debtors
Amounts owed by subsidiary undertakings
Other debtors
Prepayments and accrued income
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2024
£
268,380
-
38,090
137,437
443,907
2024
£
117,122
65,504
35,158
63,081
280,865		 Group
2023
£
285,796
-
1,528
105,322
392,646
Group
2023
£
107,144
17,033
10,169
95,922
230,268		 Company
2024
2023
£
£
68,933
95,267
725,226
594,798
2,609
-
35,616
31,560
832,384
721,625
Company
2024
2023
£
£
10,388
16,238
22,489
6,061
26,131
5,541
9,055
16,344
68,063
44,184		 Company
2024
2023
£
£
68,933
95,267
725,226
594,798
2,609
-
35,616
31,560
832,384
721,625
Company
2024
2023
£
£
10,388
16,238
22,489
6,061
26,131
5,541
9,055
16,344
68,063
44,184
44,184

18 Creditors: amounts falling due within one year

The overdraft facility of the charity is secured as a first and only legal charge over the Disability Enterprise Centre, 20 Royal Scot Road, Pride Park, Derby, DE24 8AJ, by the Unity Trust Bank Plc. Unity Trust Bank Plc also has an unlimited cross guarantee between Disability Direct and The Disability Syndicate Limited.

19 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Group

Group
Movement
in funds
Incoming
resources
Balance at
1 April 2023
£
£
Funds within subsidiaries
-
-
Fixed assets
-
-
-
-		 Transfers
Balance at
31 March 2024
£
£
51,446
51,446
187,939
187,939
239,385
239,385
239,385

The funds within subsidiaries fund represents the net assets retained by the subsidiaries and are therefore not readily available within the charity.

DISABILITY DIRECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

19 Designated funds

(Continued)

Charity
Movement
in funds
Incoming
resources
Balance at
1 April 2023
£
£
Fixed assets
-
-
-
-		 Transfers
Balance at
31 March 2024
£
£
65,185
65,185
65,185
65,185		 Transfers
Balance at
31 March 2024
£
£
65,185
65,185
65,185
65,185
65,185

20 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Group and Charity

Group and Charity
Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 April resources expended 1 April 2023 resources expended 31 March
2022 2024
£ £ £ £ £ £ £
New Building Project 421,388 - (36,325) 385,063 - (36,325) 348,738
Community Transport
Association - Minibus 7,463 - (2,987) 4,476 - (2,240) 2,236
PCC - Hate Crime 8,281 - - 8,281 - - 8,281
NHS Derby & Derbyshire - - - - 93,315 (45,397) 47,918
National Lottery Community
Fund 33,484 65,676 (99,160) - 65,341 (65,341) -
Plot to Plate 2,668 - (2,668) - 1,000 (1,000) -
Garfield Weston 4,990 15,000 (19,990) - - - -
478,274 80,676 (161,130) 397,820 159,656 (150,303) 407,173

DISABILITY DIRECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

20 Restricted funds

(Continued)

New Building Project

The purchase of the building in Pride Park was financed by East Midlands Development Agency and Derby City Council LPSA2.

Minibus

A one-off grant from Community Transport for the purchase of a new Fiat 17-seater wheelchair accessible minibus for use by projects within the group as well as other community organisations in the city.

Masonic Charitable Foundation (Plot to Plate)

This grant funds a part time member of staff for 2 years to coordinate the Plot to Plate project. The project allows disabled and elderly people to work on a fully accessible safe, supported allotment and provides activities and volunteering opportunities to local communities.

Tesco's Bags of Help (Plot to Plate)

This grant funds 2 experienced horticultor sessional workers (seasonal) to support the P2P coordinator and provides gardening activity based workshops and outreach.

Police and Crime Commissioner for Derbyshire (Hate Crime Project)

The Hate Crime project supports victims of disability related hate crime and provides training and workshops to charities, schools, colleges and community groups across Derbyshire. The grant funds a 25 hour post and covers travel and volunteer expenses.

Severn Trent Community Fund (Plot to Plate)

This grant funds the Project Coordinator post, materials, and sessional worker costs to build the second accessible allotment and to run the activities on the existing allotment.

DPO COVID-19 Emergency Fund

This project was set up to provide the Employment advocacy support to disabled people during the COVID pandemic. The grant funds an Employment Advocate for 25 hours per week, specialist welfare rights support and other overhead costs.

Derby Sound Lottery Grant

This grant funded a 6 month project and secured a self-employed Station Manager to run training sessions and outreach through the station. Funds were also used to improve the studio and update IT and broadcasting equipment.

Lottery befriending service

Funds were provided to run a pilot care in the community project 'My Neighbour' supporting those isolated due to the pandemic. The grant paid for a current member of staff to recruit and manage volunteer support workers.

Barclays UK COVID-19 fund

As the lottery funded pilot scheme was coming to an end, we created the 'Community Cares' project to ensure people were still being supported. The project employs a Volunteer Coordinator and Community Engagement Officer, both working 28 hours a week.

DCC - The Enabled Centre

The grant funds the core costs of the Enabled Centre to enable it to continue to function through the period of the pandemic.

DISABILITY DIRECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

21 Analysis of net assets between funds Group

Analysis of net assets between funds
Group
Unrestricted
funds
Designated
funds
Restricted
funds
2024
2024
2024
£
£
£
Fund balances at 31 March 2024 are represented by:
Tangible assets
-
187,939
350,974
Current assets/(liabilities)
796,079
51,446
56,199
796,079
239,385
407,173
Charity
Unrestricted
funds
Designated
funds
Restricted
funds
2024
2024
2024
£
£
£
Fund balances at 31 March 2024 are represented by:
Tangible assets
-
65,185
350,974
Current assets/(liabilities)
918,833
-
56,199
918,833
65,185
407,173		 Total Unrestricted
funds
Restricted
funds
2024
2023
2023
£
£
£
538,913
94,244
389,539
903,724
818,905
8,281
1,442,637
913,149
397,820
Total Unrestricted
funds
Restricted
funds
2024
2023
2023
£
£
£
416,159
50,670
389,539
975,032
861,718
8,281
1,391,191
912,388
397,820		 Total
2023
£
483,783
827,186
1,310,969
Total
2023
£
440,209
869,999
1,310,208

DISABILITY DIRECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

22 Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2024
£
101,892
327,559
429,451		 2023
£
17,500
10,208
27,708

23 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2024 2023
£ £
Aggregate compensation 499,486 347,584

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

During the year the group was charged consultancy fees totalling £50,987 (2023: £48,218) by A Raju & Associates Limited of whom A Raju, the Chief Executive Officer of Disability Direct, is a director and shareholder. Amounts due to A Raju & Associates Limited at the year end totalled £nil (2023: £nil).

24 Third party cash at bank

At 31 March 2024, the group had cash at bank of £15,010,298 (2023: £11,142,070) which is held on behalf of third party managed account and payroll users and therefore not included in the balance sheet of Disability Direct.

DISABILITY DIRECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

25
Cash generated from operations
2024
£
Surplus for the year
131,668
Adjustments for:
Investment income recognised in statement of financial activities
(109,221)
Depreciation and impairment of tangible fixed assets
80,372
Movements in working capital:
(Increase) in stocks
(11,604)
(Increase) in debtors
(51,261)
Increase in creditors
50,595
Cash generated from operations
90,549		 2023
£
389,075
(55,054)
61,818
-
(94,088)
62,678
364,429

26 Analysis of changes in net funds

The charity had no debt during the year.