The Daneford Trust (A Company Limited by Guai"antee) Company No. 4329962 Charlty No. 1094607 Report and Flnancial Statements For the year ended 31 December 2024
The Daneford Trust Trustees and Annual Report For the year ended 31 December 2024 Contents Contents: Page: Reference and Admlnlstratlve Inforniatlon Trustee8' Annual Report 34 Independent Audltors, Report Statement of Flnanclal Activltles (incorporating an income and expenditure account) Balance Sheet Balance Sheet Notes to the Flnanclal Statements 10-16
The Daneford Trust Trustees and Annual Report For the year ended 31 December 2024 Trustees.. Ayodele Bandele Wendy Bisiker Henry Chin Edward Clayton Akilah Higgins (step-down Dec 2024) James Robinson Mike Wardle Company Secretary.. Anthony Stevens Company number: 04329952 Charity number.. 1094607 Registered office.. St Margaret's House 21 Old Ford Road London E2 9PL. Independent examiner.. Goldwins Limited 75 Maygrove Road West Hampstead London NW6 2EG oldwlns.co.uk Bankers: The Co-operative Bank Olympic House 6 Olympic Court Salford M6 2QP.
The Daneford Trust Trustees and Annual Report For the year ended 31 December 2024 The Trustees, who are also directors under company law, present their report and financial statements for the year ended 31 December 2024. The Trustees confirm that the financial statements of the charity comply with current statutory requirements. the memorandum and articles of association and the Statement of Recommended Practice Accounting and Reporting by Charities.. SORP applicable to charities preparing their accounts in accordance with FRS 102. Objectives and Activltles Charltable Alms The Daneford Trust is a company limited by guarantee and a registered charity with the charitable objects of giving young people, locally and from abroad, the opportunity to experience life in a different culture and their development of international understanding. During the reporting period the trustees have considered section 17 of the Charities Act 2011 and Charity Commission guidance on public benefit. We have sought to ensure that the charity is fulfilling its charitable purpose to benefit the public by outreach to young people in London and visits by trustees to several of our partners overseas. Grant maklng The Daneford Trust awards grants to groups and individuals from London taking part in projects with our partners in South Asia, Africa and the Caribbean. We also award grants to young people from our partner organisations who visit the UK. This year, for the first time in several years, grant support was given to an incoming school group of 23 music students from a school in Botswana. One volunteer was given a grant of £500 towards his Namibia placement. Trustees supported the field visit to St Lucia in July by Mica Duncan, Outreach Worker as part of a live application by a young volunteer, age 18 who, at the end of the year had projected dates to volunteer in St Lucia in 2025. staff and Volunteers The Trustees continue to take on various roles to maintain the organisation's work whilst adopting more ambitious planning towards increasing funds and capacity for 2025 and beyond. The Trustees continue to support the two part-time staff, Mica Duncan, Outreach Worker and Tony Stevens, Admin Worker. Due to unplanned personal circumstances, Tony Stevens's hours reduced for the latter part of the year. The social media presence continues to be supported by Counting Stars and this has showcased the projects well with regular visuals capturing the stories and sounds. Trustees continue to seek new, enthusiastic and experienced Trustees, particularly a Trustee Treasurer. Our achlevements and perfomiance The Trustees review the performance of the Trust at regular meetings. Beginning in January 2024 with a Finance Sub-committee and later, in the drafting of "Daneford Trust: Securing Future Success" as presented and discussed at the November 2024 meeting. In addition, trustees have scoped their roles more strategically to include named trustees taking on tasks of.. Annual accounting Fundraising and a potential 202516 paid head of charity SupeNision and mentorship of the outreach lead
The Daneford Trust Trustees and Annual Report For the year ended 31 December 2024 Developing legacy and alumni neorking with national and international follow-up to involve partners, where feasible. Over the year recruitment events attended included the LSC Careers Event, two Open Workshops were held and lots of online briefings. Trustees Wendy Bisiker and James Robinson embraced the challenge of supporting and helping coordinate the school visits in London of the Regent Hill International School Band, from Molepolole, Botswana. Children and teachers in London experienced the performances of the Batswana children in three south London schools as well as the Blue Youth and Community Centre, Bermondsey. A wonderful opportunity to celebrate global citizenship, at the core of the Daneford Trust's vision. With thanks to Mike Wardle (Shadwell Basin Activity Centre) and Jackie Bygrave (The Blue Youth and Community Centre) for hosting events as part of this visit. Two promising youth exchanges began in their planning, firstly with a unique partnership with Hackney Quest who plan to go to South Africa and secondly, early discussions took place with Brent Goes Global (early planning for a project in Jamaica), both exchanges are planned for late 2025. Trustees also supported one Overseas Volunteer, Keith Asante who through the Kori Youth in north London volunteered in a school in Namibia, Southern Africa. A young person from the Shadwell Basin youth Group has shown interest in volunteering with the trust's partner, Leedo who work with street connected children in Bangladesh. The work of revitalizing the alumni network continued with a large turnout of past volunteers at an event hosted by the Mayor of Southwark, alumni Cllr Michael Situ. One guest having travelled from Geneva and another from the early 1980s, whom it was a pleasure and surprise for many to meet, a lot of trustees meeting him for the first time. Since establishing our charity in November 1981, The Daneford Trust has supported over 8,300 young people from across London and overseas in parts of Africa, Asia and the Caribbean, to engage in life-changing global education. cultural and voluntary work exchanges. We have also worked with teachers, lecturers, youth and community practitioners in schools, colleges, youth and community organisations throughout the London boroughs, and with partners in eleven countries world- wide. Apart from the projects mentioned above we continue to maintain existing and new partnerships, including Bsix College, Hackney, Cleve School, Bexley, Kori Youth Hub, Haringey, New City College (Hackney and Tower Hamlets) Leyton Sixth Form College, Waltham Forest and Young Lyric, part of the Lyric Theatre Hammersmith. We remain unique in our mission to actively seek out young people who may have social, economic or cultural barriers to volunteering or travelling overseas. Many of the young people we have supported would have not benefitted from the experiences if it were notforthe support of the Daneford Trust. The Trust continued to face some challenges throughout but we are immensely grateful to volunteers and donors whose combined efforts have seen us through and into what will soon be our 44th year of youth work and education. We continue to benefit from relatively low costs in rent, utility costs on our new office premises in St Margaret's House in Bethnal Green. James Robinson continued as Chair of Trustees however Tony Stevens (Founder) took the decision to step back as Company Secretary. This role will be taken over by trustee Henry Chin. Trustees were grateful to Tony for all his work in this respect but look forward to benefitting from his experience in legacy work and in supporting general administration.
The Daneford Trust Trustees and Annual Report For the year ended 31 December 2024 Flnanclal Revlew The statement of Financial Activities shows net income for the reporting period of £26,331 against expenditure of £28,211, a deficit of £1,880. Funds at 31.12.2024 stand at £52,218. We continue to benefit from grants and donations from a number of loyal charitable trusts and foundations, including: 'Anon', The Lord Mayor's 800th Anniversary Trust, the Lorraine Anderson Memorial Fund, The Pamela Leung Arts Fund, The K E Prideaux-Brune Settlement The Jack Petchey Foundation, plus a legacy gift that was received from The Edward Ashcroft Legacy. The Trustees have been mindful to recalibrate relationships with our alumni and in respect of corporate grant-giving, a working group was set up by trustees to develop a new strategy. Donations and support will hopefully increase as we enter the new financial year. To maintain ties with our alumni nehmork, the Trustees held a reunion in May 2024 at the headquarters of Southwark Council, hosted by alumni, the Mayor of Southwark, Councillor Situ. We are grateful to Mayor Situ (Southwark) who hosted us and were able to reconnect with one of our oldest alumuni donors as well as those more recent. A large section of our income continues to come from loyal 'Friends' who donate through standing Orders with their banks. A significant number of these donations are made by the Trust's Alumni (former volunteers). The Trustees have continued to recruit the services of accountants Accountability Europe. All funds are held in our bank account where balances earn interest. Reserves The Daneford Trust currently holds reserves of around 123% of its annual budget. Our unrestricted free reserves are 820/0 of annual budget. Our reserves policy is to aim for free reserves to enable us to meet our liabilities for up to 6 months. Going concern The Trustees confirm that the Daneford Trust is a going concern. Principal risks and uncertainties During the year the trustees kept under review the risks faced by the charity in relation to its activities, finance, health and safety, governance and management. Plans to mitigate these risks were considered and policies were reviewed at trustee meetings, including safeguarding, volunteering and health and safety. Plans for Future Perlods The Daneford Trust exists to empower the next generation, building bridges with communities, offering ladders to opportunities and supporting young people to change the world around them for the better. It is our vision that these experiences will empower young people to combat prejudice, barriers and injustice which they encounter in future life. In a fast changing and challenging environment, it is important that our work continues- as now more than ever- it matters. We are committed to sustainability, recognising that our work is in our ability to make lasting change. As well as sustaining our existing relationships, we remain keen to develop new partnerships with organisations from across sector that can support us in taking our agenda forward. We passionately and unequivocally believe that collaboration, participation and partnership with others will assist young people to have the best chances, choices and opportunities. During 2023 we remained determined to reach out to and work with more young people, teachers and youth workers, develop our work in supporting groups interested in international education and volunteering projects.
The Daneford Trust Trustees and Annual Report For the year ended 31 December 2024 structure, Governance and Management The charity is constituted as a registered charity and a company limited by guarantee. The Trust was incorporated on 27th November 2001 and, on 1 st January 2002. took over the assets, liabilities and activities of the Daneford Trust, an unincorporated charity established in 1982. The provisions of the governing document have been complied with during the reporting period under review. The Trustees serve on a Board of Trustees whom have met on the following dates.. February, f7h Apn/ * September8nd November2025. At present there are six Trustees. with experience in youth work, teaching, charity management, social work, Corporate IT and volunteering. We are continuing to promote a vacancy for a new Trustee and intend to utilize resources out in the community, such as the East London Business Alliance in our efforts. Trustees are elected for a two-year term at the Annual General Meeting. In December 2024 Akilah Higgins ceased to serve and we thank her for her work and hope to work with her as part of future alumni projects. Statement of responsibilities of the Trustees The Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for preparing the report of the trustees and the financial statements in accordance with applicable law and 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 charitable company and the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to- Select suitable accounting policies and then apply them consistently., Observe the methods and principles of the Charity SORP. Make judgements and estimates that are reasonable and prudent., and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 st December 2024 was seven. The Trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity. The Trustees, Annual Report has been approved by the Trustees on vNJe 2()7.r James Roblnson, Chair of Trustees Mlke Wardle, Vice-chair of Trustees
Independent Examlner'8 Report To the members of The Daneford Trust For the year ended 31 December 2024 I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024. Responslbllltl88 and basls of réport As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your Gharily's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) {b) of the 2011 Act. Independent examlnerfs Statement I have completed my examination. I confirm that no malters have come lo my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect ofthe Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements of section 396 ofthe 2006 Act other Ihan any requirement that the accounts give a 'true and fair view which is nol a matter considered as part of an independent examination., or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. 18 June 2025 Anthony Epton BA, FCA, CTA, FCIE Goldwins Limited Chartered Accountants 75 Maygrove Road London NW6 2EG
Th8 Daneford Trust Statement of financlal actlvltles (incorporating an income and expenditure account) For the year ended 31 Decembar 2024 2024 Total 2023 Total Unr6Strfcted Restrlcted Note Incom• from: Donations and legacies 26,331 26,331 28,828 Total Incom• 26,331 26.331 28,828 Expendlture on: Charitable activities 28,211 28,2ql 30,832 Total expendlturo 28,211 28,211 30,832 Net (exp8ndlture) I Income for thg year (1,880) (1.880) (2,004) Transfers between funds Net movement In funds (1,880} (1.880> (2,004) Roconclllatlon of funds: Total funds brought forward 44,793 9,305 54098 56,102 Total funds carrled forward 42,913 9,305 62,2q8 54,098 All of the above results are derived from continuing activities. There were no other recognised gains or losses other than Ih05e slated above. The attached notes form part of these financial statements.
The Daneford Trust Balance sheet As at 31 December 2024 2024 2024 2023 2023 Nota Flx8d a880ts: Tangible assets Curront a380t8: Stock Debtors Cash at bank and in hand 160 3,410 49,658 53,218 150 8,310 46,638 55,098 10 Llabllltles: Creditors.. amounts falling due within one year 11 1,000 Not current a880ts 1 {Ilabllllle8) 54,098 Total assets less currnnt Ilabllltlos 52,218 54,098 Total not a8s8ts 1 {Ilabllldes) 52,218 54,098 Funds Restricted funds Unrestricted funds.. General funds Total unrestricted funds 13 9,305 9,305 44,793 42.913 44,793 Total fiinds 54,098 For the ftnancial yeai. ended 31 December 2024, the Company was enliiled to exemptton fi'om audit linder Section 477 of tlie Companies Act 2006, and no notice has be¢n deposited undei. Section 476. The directors acknowledge their responsibilities for ensiij'ing that the Company keeps accounting i'ecords which comply with Section 386 of the Act and prepai'ing Financial Statemeiils which give a tiue and fail- view of tlie slate of affairs of the Company as at tlie end of the pei'iod and of its pi'ofit or loss foi- the fiLiancial period iii accoi'dance witli the i'equii'ements of Sections 394 aiid 395 aiid wliich otherwise comply with the requii'ements of the Companies Act 2006, so fai- as applicable to the Coinpany. The Fiiiancial Statemeiits have been prepaied in accoi'dance with the special PA'ovisions relatiiig lo small conipanies witliiii Pai't 15 of the Companies Act 2006 and in accordance witli the Financial Repoi'ting Staiidai'd applicable in tlie UK and Repiiblic of li'eland (FRS 102) (effective l January 2015). The Financial Statements weie appi'oved by the Board on Is7, KJj( QDX-S Mlko Wardle Vlco4halr of Tts8 Company roglstrallon no. 04329952 The attached notes form part of the financial statements.
The Daneford TTht Notes to the flnanclal statsments For the year ended 31 December 2024 1 Accountlng pollcle8 al Ba818 ol pMp•ratlon The financial slalemenls have been prepared In 8ccordance wilh Accounting and Reportlng by Charilies.. Slalement ol Recomrnend8d Practice appllcable to chaiilies preparing their accounts in accordance with Ihe Financi81 Reportlnu Standard applbcable In the UK and Repvblic of Ireland IFRS 102 erfeclive 1 January 20151- (Charities SORP FRS 10218nd the Companies Act 2006. The charitable company meets the definllion ol a public benefit enlily under FRS 102. As5els and Ilablllties are initially recognlsed al historical cost or Iransaclion value unless olherwi5e slated in Ihe relevant accounting polbcy or nole. bl R•conclllatlon wllh provlou•ty Genernlty Acceptsd Accountlng Practlce IGAAP) In prèparing the accounts, Ihe tiuslees have considered whether in applying the accounting pollcies required by FRS 102 and the Charilies SORP FRS 102 a restatemenl ol compaialive items was required. cl Golng concern The Iruslee5 conslder ihal there ale no malerlal uncertainlies about the ch8dtable company's abllity lo continue as a going concem. The Iruslees do nol consider th81 there are any sources of eslitnallon uncertainly al the reporting dale Ihal have a significant risk ol causing rnateiial 8dluslmenl to Ihe carrying amounts ol assels and liabilities wilhln the next reporiing period. dl In¢om• Income Is recognised when Ihe Charity has entitlement lo the funds, any performance conditions attached lo the incorne h8v@ been met, il is probable Ihal the income wlll be received and that the amount can be measured ieliably. Income Iiom govÈrnment and other grants, whelher'capilal, grants or'ievenu&' grants, Is recognised when the charily has enlillemenl lo Ihe funds, any performance conditions allached lo the grants havg been met, it is probable Ih81 Ihg Income will be received and the amounl can be measured reliably and is not deferred. Income recèSved in advance for the provlslon of specified service is deferred until Ihe ciileiia for InGome recognition are mel. fj Interest recofvablfr Inleresl on funds held on deposit Is Included when recelvable and the amount can be rlleasured reliably by the charity., Ihls Is normally upon notificalion ol the Intest paid or payable by the bank. g) Fund ac¢ountlTrg Unreslricled funds are 8V8llable lo spend on aclivi1185 that further any ol the puipose5 of charily. Designated funds are unreslricled funds ol the ch8rity whlch the Irustees have declded at their discretion to s81 aslde lo use lor a specifi¢ purpose. Restricted lunds ale donations whlch the donor has specified ar610 be solely used for particular areas of the charity's work or lor specific projects being undertaken by ihe charity.
Thè Daneford Trust Note8 to thè financlal statements For the year ended 31 December 2024 l Ac¢ountlng poll¢les (contlnuodl h) Expondlturo and Irhcoverabl• VAT Expenditure is iecognlsed once Ihere Is a legal or constructive obligallon lo make a payment lo a Ihiid pariy. il is probable Ihal settlement will be required and the amount ol Ihe oblig81ion can be me3sured rellably. Expenditure is classifled under the following aclivity headings.. Costs of raising funds comprise ol 118ding costs and the costs incurred by the charitable cornpany in Inducing Ihird partles lo rnake voluntary eonlribulions lo 51, as well as thè Gost of any aclivilies wilh a fundraising purpose. Expenditure on charitable aclivitles Inoludes the costs of aclivilies undertaken lo further the purposes of Ihe charity and Ihelr associated support cosls. Other expendlture represents those ilerns nol falllng into any other heading. Irrecoverable VAT Is charged as a cost against Ihe aolivity for whlch Ihe expenditure was Incurred. l) Allo¢atlon of gUPPOrt costs Supporf costs are thos6 functions Ihal assist the work of the charity bul do not directly undertake Chatable activities. Support Costs include back office costs, finance, personnel. payroll and governance costs which support Ihe charlty and ils and aclivilies. These costs have beèn allocated belween cosl of raising funds and expenditure on Gh8ri1able aellvilies. The bases on which support costs have been allocated are sèl out in nole 6. Jl Operatlng lea8e8 Rental chargès are charged on a slraighl Ilne basis over the term of (he leaso. k) T8ngltsle ffted a¥8•ts Items ol equipmenl are capitalised Whe the purchase price exceeds £1,000. Deprecialion is provlded al rales calculated lo write down the ¢osl of each asset lo ils esllmaled residual value over ils expecl£d useful Ille. The depreclation rates in use ale as lollows.. 25% offi equipment stocks Stock is included al Ihe lower of cost or nel realisable value. Donated Ilems of slock are recognised al fair value whlch is the amount the charlty would have been willing lo pay for the ilems on the open market. ml Debto Trade and other debtors are recognised al the selllemenl amount ¢Jue after any trade dlsGounl offered. Prepayments are valued al the amounl prepaid nel of any Iiade discounts due. n) Ca8h at bank And In hand Cash al bank and cash in hand Includes cash and short term highly liquid investments wilh a short maturily of three months or le8s from the dale of acquisition or openlng of Ihe deposit or similar account. ol Cr•dltOf8 and provl8lonB Creditors and provislons are recognised Whe the charity has a present obligatlon resulting from a past evenl that will probably resull in the transfer of funds lo a third party and the amount due lo sett16 the obligatlon can be measured or eslimaled lIablY. Credllors and provlsbons are normally recognised 81 their settlement amounl after allowing for any Irade discounts due.
The Danaford Trust Note8 to tho flnanclal statements For the year ended 31 December 2024 2 D•tsllfjd wrnporntlvo• fortho Bl&tern8ntof ffnincl•l •¢tlvltlq8 2023 Totsl Unrn8tslct•d R¥trtcted Incomo from: Donalions and legacies Fundraislng Inv&slmenl income Totsl InGomo 28,828 28.828 28.828 Exp•ndknro on: Ralslng funds Charitable aclivitl8s 30,832 30.832 Tot81 èxp8ndlth 30032 N•t ID¢omal 2,004 Transfers N•t 2,0041 2,004 R•con¢lllafloD of fvrtds: Total funds brought fopNard Total rrted forward 46,797 44793 9,305 56.102 3 In¢om• from donallon# and fog¥¢l89 2024 Tptal 2023 Toial Unre8lri¢led Reslricted Other donations Total donalions 26,33fj 26,381 26 28,828 28.828 12
Tho Danoford Trust Noto9 to tho financlal Slatemonts For tho year ondod 31 Decembor 2024 Anatysl8 of èxpondlture Cost of raising funds Charilable Support cosls 2024 Total 2023 Tolal Fundraising costs Grants payable Su ort costs Rent and rates Volunteers, Cosls Educalion & Promotion.. Oulrea Telephone Postage and slalionery IT equipment Sundry Independent Examiner's Fees Bookkeeping Trustees expenses Legal and professlonal 5,522 6,622 15,956 3,269 9,875 4,659 883 60 3,269 9,875 4669 883 60 3,996 5,031 1,261 811 22 1,980 1,789 174 1,980 1,789 174 1,800 1.620 300 35 Total oxptrndlturo 20 6,622 22,689 28,211 30,032 Of the lolal expenditure, £28,211 was unreslrlcled12023'. £30,832) and Nil was reslricled12023.' Nill. 4a Analysis oi expen(Jiture Iprior year) Cost of raising funds Charllable acllvilies Support cosls 2023 Total 2022 Total Fundraising costs Grants payable Su ort costs Rent and rates Volunteers, Costs Education & Promotion.. Oulrez Telephone Postage and slallonery IT equlpmenl Sundry Independenl Examlnerfs Fees Bookke&ping Trustees expenses Leg81 and professional 15.956 15,966 5,483 3,996 5,031 7,261 811 22 3,996 403q 4,261 3,306 4,614 8.165 791 119 357 1,800 1.620 300 35 1,800 1,620 30D 35 2,004 726 35 Total expondlturn 2023 15,966 14,876 3D,032 25,600 Of the lolal expenditure, £30,832 was unreslri¢led12022.' £25.6001 and Nil was re51ricled12022.' £Nill.
The Danofoyd Trust Notes to the Ilnancial statements For the year ended 31 De¢ember 2024 Not Incomo I lexpendltur¢) for the year This is slated after charging I Icredilingl.. 2024 2023 Operating lease rentals.. Property Independent Examination 3,269 1,660 3,996 1,500 Analys18 of staff costs, trustee ramunerntion and oxponsos. and the c08t of key management per8onno1 Staff costs were as follows.. 2024 2023 Salaries and wages Social security costs Trustees did not receive a remuneration during the year12023'.Nil). There were no employee benefits payments lo key management personnel in the year {2023.. Nil). Trustees have been reimbursed £174 in the year12023'. £3001. The average number of employees {head count based on number of staff employed) during the year was as follows= 2024 2023 Charitable aclivilies Taxatlon The charitable company is exempt from corporation lax as all its income is charitable and is applied for charitable purposes. Tanglblo fixed assets Plant and machinery Total Cost Al the start of the year Additions in year Disposals in year Al the end of the year 9,202 9,202 9,202 Depre¢lallon At the start of the year Charge for the year Eliminated on disposal Al the end of the year 9,202 9.202 9,202 9,202 Net bookvalug Atthe end of tho year Al the start of the year
Tho Daneford Trust Notes to the flnan¢lal statemant8 For the year ended 31 December 2024 stock 2024 2023 Finished goods 150 150 150 150 2024 2023 10 Debtorn Gift Aid Accrual 3.410 8,310 8,310 11 Creditors: amounts falling duo wlthln one year 2024 2023 Accruals 1,000 1,000 1,000 12 Analy81s of net agsets belw88n funds General unreslrioled Designated Total funds Restricted Nel current assets Net as8ets at th8 end of the y•ar 42,913 9,305 9,305 52.218 52.218 12a Analysls of net a88&ts belween funds (prior year) General unreslricled Designated Total funds Restricted Nel curienl assets Net a8S0ts at the end of tho year 44,793 44,793 9,305 54.098 13 Movtrments In fund8 At the start of the year Atlhe end of the yfrar Income Expenditure Transfers Re8tr1ctsd funds: Reslricled funds 9,305 9,305 Total re8tr1clod fund8 9,305 9.305 G&noral fund8 44,793 26,331 128,2111 42,943 Total unre8tr1cted funds 44,793 26.331 28,211 42,913 Tolal fund5
Tho Danolord Trust Noto8 to tho Ilnanclal Statements For the year ended 31 December 2024 13a Movoments In funds (prlor year) Al the start of the year At tho end of the year Income Expenditure Transfers Restrlcted funds: Reslricled funds 9,305 9,305 Total re8trlctod fund8 9.305 9.306 G•neral funds 46,797 28,828 {30,8321 44,793 Total unre8trictod fund 46.797 28.828 30.832 44.793 Total fund8 56.102 28.828 30,832 54.098 Purpo80$ of restrlcted fund8 Lorralno Andergon Memorlal Fund: Funds musl be given directly lo individualslgroups of young people on the Overseas Volunteer Programme. Awards of £300- 600 are usually awarded. Lorraine Anderson Fund is a legacy of Lorraine Anderson who passed away - the fund was set up in her name lo promote volunleering and active citizenship. The founders request project reports and invites to events and presentations as a reporting method. Pamela Leung Arts Scholarship: Scholarship's are lo be awarded lo individualslgroups of young people on the Overseas Volunteer Programme, who is undertaking a project which promotes tho 'Arts'. There is no typical size grant given, as it is dependent on the nature and duration of project. Funds were given lo the Trust from a former Trustee who's wile passed away - the fund is a legacy or Pamela Leung and her love of the Arts. Slmon'8 Charlty: Funds musl be given directly lo individualslgroups of young people on the Overseas Volunteer Pfogramme. Funds may bo carried forward from one year lo the next if for any reason the intended young person{sl is not able lo undertake their project. Awards of around £200-250 are usually awarded. Simon's Charity is a small independent family run charity. 14 Legal 8tstus of tho ¢harlty The charity is a company limited by guarantee and has no share capital. Each member is liable lo contribute a sum not exceeding £1 in the event ol the charity being wound up. 15 Related party transactlons There are no related party transactions lo disclose for 202412023.. none).