A haven for families affected by a(A Annual Report 2020-2021 1st April 2020 - 31st March 2021 C-I hain Project (feètsth> i talf Fa iSterEd chaFbry￿Xw792 5 Eompa Tees l T52 PF Welcome to Daisy Chain Project The trustees present their annual report together with the audited financial statements of the charity for the period l ApriL 2020 to 31 March 2021.The annual report serves the purposes of both a trustees. report and a directors, report under company law. The trustees confirm that the annual report and financiaL Statements of the charitable company comply with the current statutory requirements. the requirement5 of the charitable company s governing document and the provisions of the Statement of Recommended Practice (SORP) appLicabLe to charities preparing their accounts in accordance with the FinanciaL Reporting Standard applicable in the UK and Republic of IreLand IFRS1021 (effective I January 2019). Since the the charity qualifie5 as small under section 382 of the Companies Act 2006, the strategic report required of medium and Large companies under the Companie5 Act 2006 (Strategic Report and Directors. Report) ReguLations 2013 has been omitted. We are an independent charity dedicated to improving the Lives of individuaLs and famiLies living with a disability or special needs. in particuLar but not exclusive to autism. Aims l. Supporting individuals and familie5 through the provision of respite care 2. Through the advancement of public education through the dissemination of infomiation We strive to promote liberty and Independen￿ within a safe supportive nurturing environment Service l. We have supported over 4.559 families 2. Over 800 children, youTrg people and adults accessed our services within the reporting period 3. We provided over 2.863 hours worth of bespoke placement time to schools last year 4. We received £47.730 worth of financial contribution of volunteer time last year 5. We provided 150 professionals with virtual autism training IschooLs. corporates and employers) 6. 13 adults accessed our employabilityseNices during the period. In planning such activities, we keep in mind the Charity Commissions guidance on public benefit. Contents Introductiory..... Contents...... View from Chair of Trustee&.............. CEO Report............................................................... Hitting the Headlines................................. Our Service&................................................ Volunteering........-.-.......-.......-................................................................................................. 13 Our Super5tore.............. 15 Corporate and Community Fundraising................................... 16 io. Structure. Governance and MatwJ£meLtt................................................................................... 17 ii. Financial Review...... 19 12. Statement of Trustee Responsibilitie5..................-.-.-..-............................................................. 2 1 View from Chair of Trustees heyearended March 2021 was Daisychain's 18thyearof operation and like many charities probably the most challenging due to the itnpact of the global coronaviru5 pandemic. Challenges. however, provide opportunities to Strengthen. innovate and develop and it 15 pleasing to be able to report that Daisy Chain is emerging from the pandemic as a stronger. fitter, more innovative organisation serving more people than ever before. Although l am pleased to report organisational success, l am awa￿ that there are mernbefs of the Daisy Chain family who have suffered the 1055 of loved ones and the thoughts of all of the TIu5tee5 ale with them. We were atso 3ware at Daisy Chain, that the lockdown5 that we have all experienced have been particularly difficult for people and families who ale living with autism. This realisation has motivated Daisy Chain to not merely focus on survival but to imagine and develop new ways of serving and supportirbg our beneficiarie5. I would like to thank all of the Trustees for their hard work and flexibility in their oversight of Daisy Chain during the last year. lan Kinnery stepped down as Chair in Ottober 2020 and I would like to record my thank5 to him for his time as Chair which Saw the charity grow in size. strengih and impacL l am also ijrateful that he has remained on the Board as a Trustee. Emma Han5foid retired as a Trustee and Chair of the Finance Committee due to work comtnitments and we thank her for her Èxcellent contribution to Daisy Chain. David Norris has proved a more than able replacement in that role. Duane Hanson ha5 taken over the role of Operation5 Cornmittee thal I vacated when l look over the role of Chair and has continued to develop its role and intiuence. ELaine McLaine-Wood atso retired as a Trustee due to her work comrnitments and we thank her for her work as a trustee. l am grateful to all of the Trustees who play valuable and active roles in the governance and oversight of Daisy Chain. We are aware that there is a need to strengthen the board further. not least due to the growth in Size 3nd scope of the charity. and though the proce55 was delayed due to the pandemica fecruitment campaign is Unde￿aY and we expect tr) be adding to the boaid in the coming month5. The Senior Leadership Team has rèmained constant throughout the Last ye3r and have worked imaginatively and tirelessly in the most challenging of circumstances. not only to provtde continuity of service provision. but to increase it. most notably with the introduction of a telephone/onLine support service 8r7L1 an &commerce arm to our retail operation. I wish to record thanks of all of the trustees to the Senior Leadership Tèam for theif excellent work and leadership over the last year. We are grateful to our funder5 for their continued support.understanding and flexibilitythioughout the last year. Many have allowed u5 to extend, defer or redirect funds to help us face the difficulties that the pandemic h35 presenteil. In particular. support from players tsf People'5 P05tcode Lottery remains our Largest funder and wè are grateful for their ongoing support. The continued support and flexibility of many existing and new funders have been instrumental with helping us navigate through this most unusu31 of years and we are extremely grateful and give SIn￿re thanks to each and every one of them. Daisy Chain is atso reliant on the passion, cornmitment. professionalism and hard work of all of the teams made up of staff and volunteers who provide care services. administiative support. financial management. retail business, fundraising services and all of the rest of the eLements that make Daisy Chain what it is and I wish to record my thanks to everyone who has contributed io Daisy Chain throughout the last year. Thei¥ efforts have ensured that the charity has successfully navigated the financial turbLblence of the lastyear and has emerged strongerthan ever before to Sltpport people and families who are living with autism. which ha5 always been the consuming passion of Daisy Chain. Chair of Trustees Daisy Chain CEO Report n 2020. we faced the biggest challenge in our 18-year charity history. COVID-19. We have likened the impart of the global pandemic as a metaphoric tsunami which had the re31 potential of sweeping away the vital support which we provide to families. children and young people. Critically. the financial coinrnitment made by players of People s Postcode Lottery towards Daisy Chain'5 core Service has enabled us to meet this challenge head on. We are atso grateful to all our new and existing fvnders who have supported us with their flexibility and adaptability with their funds and Covid-related funded support. Thi5 h85 made it possible for u5 35 a charity to mitigate some of the losses sustained by cessation of all our fundraising events and 10s5 of Oltr store trading income. With the support and backin9 of our fvnders, we have built and introduced a virtual telephone call centre. Callers accessing the free service were able to speak to trained autism ca¥e Staff. The virtual centre also provided online video appointments and virtual social club 5es5ions. Additionally. we ￿Launched face-to-face 5UPPOrt in summer 2020 antl have continued to deliver atlapted services throughout the ts¥o lockdowns which followed. Demand for support has been high. pursuant to the sudden and rapid forced change in routine and strurtu¥e resulting from COVID-19. Ultifflately this had a destabilizing effett on the mental health and physical y￿lIbeIng of individuals with aut15m. Beneficiaries have faced distressing Circumstan￿ in relation to= loss of routine and structure.. problems Wlth key functions such as sleeping and eating: adapting quickly to forceij change: Lack of understanding and dtfficulty processing informatiorb leading to confusion. anger. sadness and anxiety,. reduced support ne￿Ork leading to loneliness and isolatÉon.' OCD around cleanliness and social distancing measures- feeling trapped- sensory overload and social impact of this.. bereavement- struggling to cope with loss of friends/family', increased feelings of isolation and depression inclusive of suicidal thoughts- increased strain on the family unit. The impact of our support has been far reaching anil has a150 meant that we have been oble to co-support NHS colleagues by ensuring that individuals struggling with mental health did not fall into acute admi55ion5, thereby ensuring staff were able to focus on fighting this devastating disease. Whilst the road map in front of u5 15 still very much unknown in respect of our journey out of COVID-19.the position for our beneficiaries is clearer.There is a greater need for complex 5UPPOrt from a far larger number of individuals with autism.The Senior leadership team and the board of trustees are resolute thatwe ￿11 contrnue to Strive to generate the income we need to service this need. Plans for the fu￿re Irrespective of the financial and operational challenges that COVID-19 has brought forward. we neverthele55 intend to achieve the following in the next financial year= delivei autism uutieach service5 for fomilie5 across the Tees Valley and County Durham: mainstream the telephone advi￿ service for families across the legion and beyond- launch 3 volunteer care professional trainirbg progromrne: expand autism educational training across schools and colleges in the Tees Valley.. launch primary school placement programme for schoots.. work with the regions employer5 to reduced barriers for autistic young people seeking employment- explore new social revenue streams which create opportunitie5whiist at the same time combating textilewaste received at Daisy Chain Charity Superstore.. expand benefit advice support. CEO Hitting the Headlines Daisy Chain has continued to achieve press coverage for our work and fundraising: The Northern Echo Ciiinmins, Darlington, highlights work to support employees With autism ANautysm chtrityi5 ￿￿ngemployers Io SUPPon wotken With iie4rodivÈrsecoitslidons to tryathd keÈp them in the Workforee. Cash will create more opportunities for people PeoNÈ iiith autism are muth more￿etyto be unempIoye4 Whh just autism 22 per ￿n[ ofpeople 1%7th the condiuonin Work DA15Y CHAIN LAUNCHES SPECIALlSf HOUSING AND BENEFITS SERVICE Ahaven for farnilies affected by Tel:01642 53 Email: info@daisychai ¢7n sak atchèrityshigh*ndt)nlinesh(Ip neconnected.co.uk Teesside couple win dream wedding competition L￿t￿l NEWS Coronavirus: Effect on autistic people'little understood, An wtl4ndwity%ayttha55••D *￿gnIfI￿a￿lIn(r•l$*"kn d•m*hdf•Th•lp •v•r th•Wi• •ff#tsofl￿**th￿ ￿ aUt15ti¢p•opL•. Our Services Daisy Chain supports over 4.560 families acr055 the Tees Valley and surrounding area. Throughout the reporting period. we have been able to support 1.500 new families, whilst more than 500 children and young people and 80 adults continue to attend our services on a weekly basis. As always. our priority has been to ensure that our existing seNices continue to be delivered to the highest 5tand3rd whi15t also developing our seThices and activities i n response to community need. CLubs and Attivities Daisy Chain'5 club5 and activities remain at the very heart of our service delivery. In 3 year that has seen a global pandemic. the closure of Schools and multiple lockdowns. they have acted as a lifeline and point of stability to our children. young people and families.Whitst we had to make the very difficult decision to close these essential services at times in order to keep everyone safe. we have done our best to be creative and flexible in order to ensure that we could remain open as much as possible and still provide the same level of support that we always have. We are proud to Say that despite the challenge5 the pandemic has teft us with. we have stiLi been able to welcome more than 500 children and young people to our site across the year. For Dur children and young people these services have provided them with an opportunity to reduce their social isolation. connett vvith theii peers and leam new ski115 in a Safe and familiar environment. This has been particularly important this year due to the significant impart that COVID-19 ha5 had on the mental health of so many of the children and young people we supporL For parents and carers these services have piovided them with some much needed respite and the chance to spend quality time with their Other children, safe in the knowledge that their auti5Lic child is being cared for by experienced staff with the ski115 and expertise to 5UPPOrt them. In addition, our weekend and holiday family activities have given the whole family the confidence to venture out into the community again and the opportunity to spend quality time together and connert with others. Alongside our core clubs and activities. we have continued to provide additional free holiday artivities for our childfen and young people thanks to BBC Child￿n irb Need. This ha5 included a weekly high needs session for children who require I:1 support and a varied programme of holiday artivrties including drumming workshops. foiert school sessions, archery and axe-throwing workshop5. birds of prey demDnstration5 and the chance to experience a real climbing walL These attivities have been a re50unding succe55 and we have had lots of positive feedback from families. One parent said-. eÉe¥*L $4ssi￿￿¥￿￿+é4r 441£ ' Unfortunately. due to the pandemic. the planned residential visits were not able to take place but we are overjoyed to say we have been given permission to use the funding Set aside for thi5 to tske a group of young people to Centre Parcs in 2022. In january 2021 we were also delightetl to re￿1Ve ftjnding from the BBC Children in Need Next Steps Grant which ha5 allowed u5 to develop a new flee programme of performance arts-based clubs and activitie5 dubbed Rising Stars. Lead by a team of drama professionals the Rising Stars project. which nJn5 until lune 2022, cover5 all aspetts of performing arts and supports the participants to develop their cor)fider)ce and reintegrate back into society following the pandemic. The funding has atso allowed us to purchase state-of-the-art equipment so that the se5sion5 can be run virtually as well as face to face, which not only allowed the service to continue through lockdown but also means we can engage wsth children and young people across rhe country. In the first S months of the Pfoject the teafft has supported S4 children & young people many of whoTn are currently working towards a showcase event which will take place in the summer holidays. AduLt Clubs and Artivities Our adult clubs and activities have understandably been impacted by the restrictions caused by COVID-19. The ternporary c105ure of our adult club as a result of social distancing measures was something we undertook with a heavy heart. but with the health and safety of our service users in mind. Adult club5 and activities can provide an invaluable lifeline for autistic adults as a fo¥m of routine and structure. a safe space to have fun and gain new ski115 and an opportunity for peer support and connertion with other adults who may have similar experiences. Despite the challenges faced this year. we have continued to run our adult club whenever possible and in line with social dist3ncing guidelines. Over the course of the year. 25 adults have accessed the club. During periods vvhere we were unable to deliver face-to-face sessions, club members were invited to attend weekly virtual meetups njn by our Daisy Chain Wellbeing Team.These virtual sessions allowed members the opportunity to stay connerted and maintain some form of routine whilst we were in lockdown. Furthermore. in addition to ouf iegular adult club. we ran two successful pilot groups - gardening and a Dungeons and Dragons club. Both of these trials were successful and have been used to inform an enhanced and expanded menu of dult clubs and activities for Launch in 2021n2. ••. A service user taking part in the gardening sessions provided the following feedback- >J ao x M*Y sassi￿$ Da%Y L%éy Placements Despite the pandemic we have continued to offer our bespoke placements to autistic school aged Ihildren and young people whenever possible.although unfortunately this service did have to close in line with the school closures during the first and third lockdown. That being sai¢J. we have Still provided 2863 hour5 of support ro 56 children and young people in the 2020-21 financial year and have expanded our offer to include a wider range of activitie5 aimed at promoting mental health and wellbeing. such 35 art & mindfulness sessions or yoga.This has had a positive impact on many of our young people including a young lady who has been a schoovcollege refuser for many years and in the past has refused to discuss her feelings or engage with new people. We are delighted to say that she has recently passed her exams in English and Math5 and 15 due to start a new college course in September and 15 exploring independent living options. In addition, during the summer holidays and as the country ernerged from the first lockdown, we introduced a new type of placement aimed at supporting our children and young people's tfan5ition back into schooL 16 children and young people attended over the six-week period and the feedback we received from the schools and young people themselves was fantastic with many reporting that they found retuming ro school in September an easier and more Positive experience.we ptan to expand this new offer in the forthcoming academic year to include support for children tran51tioning from primary to secondary school and secondary School to college. The young people who come to us on placements have grown in complexity ovei the year due to the impact that the pandemic and lockdowns has had on their levels of anxiety and mental health. This has resulted in an increase in de￿and for our placeFnent5 and in order to meet this we have introduced additional group 5e55ion5 and are piloting a new outreach programme which will allow our staff to go into schools and work with small groups of students for time limited periods. FamiLy Support Our family support seryice. funded by Stockton Borough Council and the Tees Valley Clinical Commissioninq Group. continues to provide 3 phenomenal level of suppon to an ever-increasing number of families across Stockton & HartlepDoL The team responded to the pandemic almost ovemight and moved Seamlessly to a virtual support offer which includes l..1 telephone consultstions. email support. drop-in sessions & video calls alongside the creation and distribution ol bespoke resources. In addition, they have adapted theif training offer to allow parents to still access it virtually. Thi5 ha5 included Sessions on Transition back to School'.'Wellbeing for P3rents' and 'Speech & Language Therapy, which was delivered in collaboration with a trained prartitioner. Throughout the Last year the team have stjpported 2189 families resulting in 5118 hours of direct personalised support. It is worth noting this is 3 250% increase on the previou5 year and highlight5 just how important this service has been during the pandemic.which has seen many families Cut off from their existing 5UPPOrt mechanisms and on the verge of crisis. As a direct result of the pandemic we We￿ also able to secure ftjnding fromThe National Lottery5 Reaching Communities Fund to establish a new free national telephone support line. This ha5 allowed us to put the staff and infrastrurture in place to increase our support offer to families Outside of Stockton and HartlepooL with 20% of the calls now coming in from outside of the North East. The team have supported 2175 families Since it was established with approximately 50% of ihem being new to Daisy Chain. Demand foi this 5eTvice is high and we are in the process of recruiting volunteers and steamlining processes to reduce waiting times.to ensure all families are able to acce55 this 5UPPOrt a5 and when they need it. P@A6*e MY *4 w*L £0 Unfortunately. our 'Links' parent 5UPPOrt group has been closed for the duration of the year due to the pandemic. Parents have been re-directed to the Family Support Team and telephone support line and we are looking forward to being able to re-launch Links later in the year when r( is safe to do so. Training Our training team has responded quickly to the pandemic and put together a new virtual offer which has been accessed by over 150 parents and professionals.we have continued to develop our partnership with Cleveiand Police assisting them with the roll out of their new Autism Alert Cards and forged a new positive relationship with Stockton Borough Council'5 housing team. Raising awareness in this way and working to support positive interactions between professionals and autistic ind4viduals remains one of our top prioritie5 and we are excited to see the expansion of this work in the future. e*tsA"¥, rJjknl'reaiy ithiaerstsa My Y*persL*¥￿¥￿Atses were at4e b) *a gv4W We continue to be a strategic partner with the Autism Education Trust anLI have expanded our offer to inclijde their post-16 training package meaning we can now deliver a range of high-qualitytraining packages to early years setting5, schools and colleges across Ihe North East. We are 5upponed in this work by the Accelerator Project who recently funded two workshop Series for 30 secondary school staff on'Good A￿15M Prartice and the Transition Back to SchooL Feedback from the sessions was fantastic with 100% of delegates reporting that the workshop series increased their confidence and had a positive impact on both their personal practio and their settillgs support of children and young people with autism.. Employability Daisy Chain 5 etnployability seryice5 exist in order to empower autistic adijlts to overcome barriers and make progress towards their personal employabilitygoa15. In February 2021.the Office for National Stat15tlCs published data revealing that only 22% of autistic adults are in any kind of employment.This shocking statistic makes us more deterfflined than ever to c105e the employment gap for autistic people and to continue offering Ouf specialist service& We are forever grateful for the players of Peoples Postcode Lottery. whose support allow5 US to continue running thi5 valuable and necessary service. This year. the COVID-19 pandemic has been a huge barrier to us being able to deliver our usual employability services. The closure of our superstore, due to government guidelines and safety mea5ufes, has resulted in u5 105ing afound 8 months of service delivery. Furthermore. with many external organisations moving to home-workin9 and the strict implementation of social distancing mea5ure5.our opportunities to provide external worf¢ placement opportunities to Service users were drastically reduced. Despite the above challenges. thi5 year we have 5upponed 12 autsstic adults vio internal placement opportunities. 1..1 siJPPOft and workshops. One of our service users was supported into a paid freelance employment opportunity, creating a promotion31 video for a local organisation. He is currently in the process of launching his own business. Another service user wa5 5UPPOrted to undertake a level 2 Business Administration course alongside her internal administration placemerrt and service users were successful in achieving new paid empLoyment roles. In addttion to the above. one p3rticuLar success Story for the year relates to a young man called George. Through liaison ar)d partnership between Daisy Chain's employability team and Darlington-based manufarturing company Cummins, George has successfully completed a paid WOTk placement role with the oiganisation. This woik pLicement wa5 extended on multiple occasions to span the course of a year. in totaL and also included an increase in p3id hours. George ha5 been an a55er to Cummin5 and in February 2021, as a result of his fantastic perfom)ance within the placement role, Cummins offered him a two- year full-time, paid apprenticeship. Vlhen reflecttng on his paid placernent experience with Cummins, George Said.. 4aél xy Wrie¥Le so4* e*ab14a Our ijpcycling service has provided work experience and valuable upcycling skills to 20 autistic adults through the provision of ski115 workshops and longer-tem) pla￿mentS. Setvice users have worked with staff to upcycle item5 donated to our superstore and that were otherwise destined for LandfilL as part of our new focus on eco-av4arenes5 and sustainability. Barn The farm is one of our m05t popular and well used faciltties and is currently home to over 100 animals including pig5. sheep. alpaca5. goats. chickens and a variety of other small mammals and reptiles. Our animals continue to be an effective way of encouraging interaction and communication an(J the children who visit the fami love to get involved in feeding. training and other aspetts of anifflal care. In the 2020 to 2021 financial year we worked with 9 student placements and a furthe( 131 families have accessed the barn and benefited from spending time with the anima15 during activity days.we have also introduced after school and holiday clubs which have been very popular wtth Our children and young people and the feedback we have collected has shown that they find these sessions soothing and a great way to make new friends. Plans for the coming year include the introduction of new activities such as alpaca walking and'Famier for the Day. sessions as well as l..1 and small group animaltherapy 5e55ions delivered by a trained counseiior in collaboration with our animal technicians. io. WeLLbeing Services We were ¢Jelighted to be awarded funding from the Coronavirus Mental Health Response Fund through Mind. which 3llowed us to launch an enhanced and expanded wellbeing support service from lune 2020. This vital service was launched during lockdown and operated remotely using virtuaL mean5 until we were able to retum to face-to-face delivery. Throughout 2020/2021 the 5er¥ice has provided support to 380 individuals. either via face to face or virtual l.'l and group-based suppofL Autistic young people and adults have presented with a variety of support needs. the most common of which include friendships and reLation5hips.understanding themselves andtheirautism.understanding erT7Otions and anxietysupport. The demand for the service has been huge and we developed a wide range of external referral networks. including GPS, CAMHS and Social workers. In ad¢Jition to this. we have worked with Dartington CAMHS to deliver wellbeing support services from within their offices.The impact of this was enor[T￿Us. For example, one particular service user, who was not previously engaging with the support being offered by CAMHS. responded really well to the support offered by Dur wellbeing staff. Mum reported that. since engaging in the 5esstons. the yOLsng man had become much more positive about hi5 pending aut15m diagnosi5 an¢J had begun sharing hi5 thought5 and feeling5 about it with family at home. As part of the project we established a'Voice'group- a group foi autistic adults to share their views. engage in peer 5UPPOrt and feed into Daisy Chain's adult services strategy. We a150 Set up and ran a Specific group for aut15tic women which was attended by a female autistic public speaker and provided the attendees the opportunity to discuss shared experiences around being an auti51ic woman. One wellbeing Service user commented that.. Mem •a My￿1£ *4 oekar 4￿*d Io ￿l￿ty, soaa 4élL Questionnaire feedback collerted from seThice users has highlighted and evidenced the impart of thi5 service. Of those completing the questionnaire. 90% said that the support they received had a p051tive impact on their mental wellbeing. 90% said that it haLI helped them to feel mofe positive and 74% said that the support had helped them to feel more able to face challenges. Observational evidence and Service user testimonials further back thi5 up. For example, two sets of girls, who met because of their involvement in the projert,developed a strong connection with each other and have been empowered and supported to connect and sociaiise outside of Daisy Chain. Another service user, who was struggling to engage positively with anyone and was not attending education, was supported to begin foming relationships with other Daisy Chain staff member5 and begin accessing a formal placement at Daisy Chain in conjunttion with her schooL The service user has described Daisy Chain as her happy place - the only ptace she felt understood. Finally, we were thrilled to have been awafded funding through the Ma50nic Charitable Foundation to enhance the complex support element of our wellbeing service.Thiough this funding, we were able to rectuit a qualified counsellor who joined the welLbeing team in January 2021.we are overjoyed to be able to offer thi5 5pecialised support. *a 44tsil4 *a IV4 reya£ séverély1g&¥4or %udls- espe 49) MY wo11￿1¥ as rwa¥1￿*￿￿ 26 *a v* 2 'My isgayso 4rL Ske104es *a Wér4 aso tLvfD. 12. Volunteering Volunteers are at the heart of oui service. They provide support to our staff and service users with their knowledge. skills and experience5 which really help5 to add value to everything we do.The continued support from our volunteers en5ure5 Daisy Chain 15 a rnuch Stronger and sustainable organisation. Volunteer Area Number of Volunteers Number of Hours Barn 25 1.260.5 Superstore Garden & GroUndW￿rkS 26 2.558.5 588 Care Clubs io 84.5 Upcycling Admin. Family Support & Wellbeing E-commerce io 136.5 li 348 381 Total- 95 5.357 Due to COVID-19 and the subsequent numerous lockdowns many of our valued volunteer5 were unable to continue in their roles. When government regutations allowed. a small number of volunteer5 were able to return. We would like to say a huge ihankyou to the team of barn and gafden volunteers who were able to continue providing vital care to our animals an¢J undertske essential ground maintenance during thi5 period. As restrictions allowed we were then also able to welcome back upcycling. e-commerce and remote WOTking family 5UPPOrt volunteers. Volunteer5 have been flexible. adaptsble and understanding during this period of uncertainty and significant change. The pandemic has impaited upori our volunteers. altering their own personal circumstances meaning that not all Daisy Chain volunteers are able to return to volunteering. We are very grateful to those volunteers who have been able to return. for their continued support during this challenging period. 4*Mknélpy éo ILY¥ 41 l&etY *w4& EA•YJ IA% . 13. VoLunteer Awards We always Strive to make our volunteers feel valued and app[￿lated. and following the first lockdown, we were able to have a belated Volunteer Week celebration event where staff and volunteer5 iame together to acknowledge and celebrate the contribthion made by volunteers acros5 the organisation throughout the year and importantly. during lockdown. Commemorative awards were given to three volunteers who were nominated for their WO￿ and dedication d¥Jring lockdown in maintaining the site at Nonon and in helping to e5tabli5h and grow the e-commerce initiative which enabled u5 to continue trading while our superstore was closed. (ie Kemp Iijlie worked tirelessly throughout lockdown to ensure that the allotment and polytunnels were maintained and animals cared for. The outdoor areas of Daisy Chain ptay an important part in supporting autistic young people and adults with their mental wellbeing 35 well as offering a safe space to leam new 5kiUs and grow confidence. Without julies immense contribution. the area5 growing plants and produce would have been ruined. leading to additional coxs and wasted re50urces- instead, service Users were able to return to activities in a well-maint3ined environmenL and Social enterprise artivities were able to start on 5cheduLe. MEG A long-tem) corporate partner through Newcastle Building Society. Stuart wa5 instrumental in establishing the new e-commerce initiative on his own tirne during the first lockdown, including bringing together a team of photographers to catalogue items for sale. photographing dozens of items in his home studio. and helping us acce55 funding for the equipment needed for us to be able to continue thi5 work ourselves. Stuart has given 5elfle5sly to a wide variety of causes including Daisy Chain for 3 number of years.and was awarded an MBE in the 2020 Queens Birthday Honour5 List in recognition of his commitment to helping local businesses and people through the COVID-19 pandemio Mgrk Lloya Mark was introduced to Daisy Chain by Stuart during the first lockdown and h3s gone on to become an essentiaL part of the e-commerce initiative. working with volunteer mode15 to produce high-quality. profe55ional images which fft with the look and feel of the new brand. By offering his ti¥ne and expertise, he has enabled us to establish a presence acr055 a range of digital platforms, taunching Daisy Chain Sto￿ into the marketplace of vintsge and retro clothing. 14. Our Superstore .tsil.yW gh This year, the Superstore faced its biggest ever challenge in the form of ce55ation of trading due to COVID-19. The Superstore remained closed for almost six months of the financial year which resulted in Significant Losses. The Superstore is Daisy Chain'5 fiagship social enterprise which provides significant unrestricted income which is ploughed directly into autism services. In direct ￿sponSe to forced closures we ramped up our efforts to LaLinch our first e-commerce initiative- www.daisychainstore.co.uk-which has been instrumental in.. providing a vital source of income during lockdown.. diversifying our charitable income streams antl fu[￿￿-proofing our r&ail operation. growing our local audience to nationwide and global- providing 3 diverse range of ptatforms to maximi5e income from donations. During lockdown I Imaich 20201 we designed and built oui own website which Launched in September selling designer and high-end textiles as well as upcycled fuinitvre In addition to this we- launched our own Depop shop selling fashionable, desirable and on-trend clothing., Launched on ASOS with our very own charity boutique focusing on tnje vintage.. launched an Ebay Store selling item5 which would attrart greater amounts than in-5tore value- planned. designed and delivered two separate fashion shoots (washed up plastic and industrial-vintsge theme5) promoting'Ethical Fashion forAut15m': shipped item5worldwide to countries including Holland. Ireland. America and Germany.. delivered a successful online-only BLack Friday event which generated income during a period of lockdown. EThICAi FASHiopI Post-lockdown I we were able to open our door5 in June and then again later in the year and in early 2021. In preparation for this we had to overcome a number of barriers in order to allow for a safe reopening. Store alterations included: transfomiation of shop floor layout to ensure we were covid-secure.This inclutled extensive risk assessment. one- way system introdLJced, screens at till point, limit on people who can enter the shop., logistic5 in respect of quarantining donation5, resulting in a redesign of warehouse Space and procedure5.' a fully-operational separate distribution ￿￿tre which allowed u5 to bring warehousing space back into commercial use. We also took the opportunity to redevelop our existing coffee shop which will launch during April 2021 serving a modeffli5ed menu and offering placements to autistic adults seeking work experience. We will be introducirlg a number of placement opportunities inclLJsive of barista, custorner Service and food preparation. Future plan5 for the 5uper5tore include ambitious plans to not only recover losses suffered during the pandemic but coffle back stronger with the provision of a memorable customer experience both in store and online. 15. Corporate and Community Fundraising We are hugely gratefvl for the 5UPPOrt we receive from individuats, our local community. businesses and service users. who have all donated to US so generou51y throughout the year. The support have received from our corporate 5UPPOrters is essential in allowing us to continue providing support to our families, and each 15 phenomenal in their generosity. This year. all areas of fundraising were hit hard by COVID-19 due to the forced cancellation of mort of our events programtne and ce55ation of our community presence which, coupled with some of our valued corporate partners being unable to Support U5 due to their own challenge5. led to a devastating impart on fundraising. .+}. In response to this, we Launched an urgent appeaL asking new and existing supporters to contribute toward5 our target of £400.000 and we were overwhelmed with the response. This included four-figure donation5 from organisations who had never engaged with us before alongside contributions from Long- term supporters. In addition, to try and combat some of the Ios5e5 and to continue engaging supporters during the first lockdown. we launched a number of virtual events including a bi-weekly online quiz night and a virtual dog show. These proved popular with individuaL5 who were already linked to the charity in some way. and many expressed their gratitude at being able to still have Some contart with Daisy Chain. In September, between the changes in lockdown restrictions, we were able to hold our annual Golf Day, bringing together 15 corporate teams who enjoyetl a socially distanced round of golf, with long-tem) supporters Brewin Oo(phin taking home the trophy. With continuing re5trirtions in piAce, we worked with a number of corporate partners. inclLFding Ram5ide Estates. to create a wedding ?ackage that we used to hold a fvntlraising competition offering couple5 the opportunity to win their dream wedding.The competition attratted a lot of attentiors in local press including through newspapers and on B8C Radio Tees. and culminated in one lucky couple winning the complete wedding package. -he support from the community is always inciedible, but during the oeiiod. they have continued to astound u5 Wlth their creativity and dfive including Helen. mum to an autisLic child. who shaved her head during lockdown and raised over £2.2CM). All fundraising activity is undertaken by in-house staff ènd vetted volunteers. and Daisy Chain is registered with the Fundraising Regulator who set out the standards that we work to. No cofflpLaint5 were received during the year in relation to our fundraising activity. Fundraisers are given guidance on howto remain within the Law and the Fundraising Code, either veibally Of in writing. and volunteers are given training. 16. Structure. Governance and Management Trustees Lesley Clode Emma Hansford frerired NO￿￿ber2029 Duane Hanson lan Dennis Kinnery ELaine McLaine-Wood (retiredJuly202Q David Norris lan Parker Dr. Edwin john Pugh Alison Tasker Chief Executive Officer Neeraj 5harma Independent Auditors Waltons Clark Whitehill Limited Maritime House Harbour Walk The Marina Hartlepool T524 OUX Bankers Barclays Bank PIC 49 High Street Stockton-on-Tee5 TS18 IAH Santander 45-44 High Street Stockton-on-Tees T518 ISD Investment Advice Vertem A55et Management The Gresham 92 Osborne Road Jesmond Newcastle upon Tyne NE2 2TO 17. Daisy Chain Projert Teesside was illcofporated on 14th May 21X)3 and is 3 company lirnited by guarantee not having a share capitaL It has been a registered charity since 27th lune 2005 when it commenced its activities. The original Memorandum of A550ciation and Articles of Associatioll were updated in 2018 a5 agreed by specièl resolution of the board. The new Article5 of Association were approved by the Charity Commission. tlll Ll All trustees are dicectors of the company and directorship ceases upon termination of trusteeship. We give 3 Sp￿lat thanks to tnjstees Elaine McLaine-Wood and Ernma Han5fofd Yrfho ietired from the board during the year. Also to lan Kinnery who. after two years as Chair. stood doym from the role at our AGM but still remains a member on the board of trustees. We are pleased to announce that lan Parker was appointed the role of Chaii at the AGM in Ortober 2020. The total number of trustee5 15 currently seven and we will begin a trustee iecruitment campaign for additional trustees in line with skills gaps identified from our board appraisal an¢J analysis. which is undertaken annually to evaluate our board. New trustees undertake an induction proce55 that give5 them an insight into the roles and responsibilities. ethos. aims and objectives of the charity.we continue to ensure a strong Skills matrix exists within our board. Trustees meet formally fof full Board meetings at le35t quarterly. in addition to a monthly Finance Sub-committee and a quarterly Operation5 Committee.The charity 15 administered by the trustee5 who delegate its day-to-day operations to the CEO. Trustees ensure that safeguarding is a governance priorityand Daisy Chain's policies for children and adult safeguarding are reviewed annually. Data Protection registration for our Data ControlleT is renewed with ICO annually. We have had no serious incidents to report to the Charity Commission this year. Key agenda items include Governance. Risk Review, OperatlDn31 Updates. Finance. Both our annual Health and Safety Audit and Financial Audit for many of our processes provided a clean bill of health, which enables Daisy Chain to funcLion efficiently and further enhance our governance and business readiness for the future. Remunefation for CEO is set and determined by the Daisy Chain tfustee board wtth regard to the performance and appraisal system. Remuneration of Daisy Chain stsff is set by Daisy Chain CEO in accordance with intemal pay scale5 nd external competitive pay scale environment. Delegation and Committees The 8oard maintains a written schedule of matters reseTre¢J for the trustee board and committees which clearly defines specific 3reas for ¢Jelegation. Committees report to the Board on a regular basis. Trustee Board Finance Committee Operations Committee Primarily responsible for all aSFects of the chariry¥ financial strategy, performance and risk management ensuring that its resources a￿ being pioperly and appropT13tely applied to its key objettive& l¥imarily responsible for overseeing all matters concemed with the effective governance of Daisy Chain. supporting the CEO in buiiL1ing and Sustsining an effettive leatlership team. antl guiding and modelling the effettiveness of key hurnan resource& risk managemert and policy for the organisation. The committee has responsibility for safeguarding the charityS assets and ensuring sufficient reserves to fund our delivery. 18. Financial Review Report of the trustees for the year ended 31st March 2021 The trustees are pleased to preseni their annyal directors. report together with the consolidated financial statements of the charity and its subsidiary for the year ended 31st March 2021. which are also prepared to meet the requirements for a direttors. report and accounts for Companie5 Act purposes. The financial statement5 comply with the Charities Act 2011, the Companie5 Art 2006. the Memorandum and Articles of AsSOClation, and Accounting and Reporting by Charities-. Statement of Recommended Practice 3pplicable to charities preparing their accounts in accor¢Jance with the Financial Reporting Standard applicable in the UK and Republic of ITeland IFRS 1021 leffertive 151 January 2019). Financial Commentary Re¥lew of Accounting Period During this financial year, we have once again consolidated Daisy Chain Projects financial position. We have built on oui success in growing the organisation's work and continue to be successful in attracting new fvnding and contratts. A5 explained in the notes in the financial statement5, the COVID-19 outbreèk and resulting measures taken by government to contain the virus negatively affected our business throughout 2020. In addition to the already known effects, the macroeconomic uncertainty causes disruption to economic activity and tt is unknown what the longer- term impact on our business may be. The scale and duration of this pandemic remain uncertain but are expetted to further impatt our busine5S. Review of Flnanclal Position During this difficult financial period. we have reported a £753 defictt.The balance sheet remains stiong with total funds of just over £2m. overall.the income for the year wa5 £1.8m- £129k or 7% lower than in the previous year. Income would have been higher had it not been for the COVID-19 pandemic which ttopped all activities on 2 3rd March 2020 with a national lockdown. The total expenditure reported in the financial statements has atso decreased Slightly because of the reduction of on site activity caused by the pandemic. Stsff were placed on furlough. and were paid only 80% of their saLary to mirror the government 5UPPOrt provided thfough the Coronavirus lob Retention Scheme. Expenditu￿ has fallen by £55k in the year. Additional grant funding received duiing the year helped to diversify income and has led to an increase in re5trirted funds of £152k. Details of the funds feceived, and what they relate. can be seen in the statement of funds note in the accounts. OveralL we saw an unrestricted funds deficit of £153k and unre5trirted reserves fell to £1.6m a5 a result. We generated a cash surplus and cash balances increased to £629k. putting the charity in a strong position to meet its requirements for working capitaL Free reserves of £148k were available. alongside our fixed asset investment. which meant reserves were slightly le55 than the minimum level of £4(XJk required by our reserves policy. The reasons for this include the increase in restritted income in the year.The closures of both the main site and the superstore tlue to the national lockdown5 severely hampered income generation throughout the yeaf. The closure of the store allowed for impiovement work to be carried out. and going forward the superstore is expected to help increase the free reserve5 once more. Fixed asset additions also increased the non-liquid value of the re5erve5 by £173 19. Future Period Looking ahead to 2021-22. the trustees have approved a budget that 15 both prudent but allows for developing and enhancing our services and staff.The COVID-19 pandemic has led to an extiernely challenging financialenvironment however, additional grant income has been successfully bid fof an¢J has mitigated some of the losses. The forecast outturn for the year end therefore ettimates that a small Surplus may be achieved, subject of course to further national lockdown arrangements being reintroduced. Reserves The trustee5 review the reserve policy annually and consider rhe charity should hold free reserves of approximately £400,00012019-20- £400.0001 to cover three months, operating c051s with a further contingency of £IOO,000 in the event of a significant reduction in planned income. At 31st Maich 2021. the charity had restrirted reserves of £358.00012019-20- £205.0001. There are funds of £S0.000 desÉgnated at year end to the following projects-. £20k Changing pLaces accessible toilet £IOk Re5tiucture fund I nvestments The trustees of Daisy Chain Projert collertively agree(J an investment portfolio to provide long temi income returns. Investments are reviewed by the Finance Committee Iwhich meets monthly) and trustees are advised of any recommended changes at full meetings of the Trustee Board. The balance sheet value of the investment ha5 recovered since last reported. Last year the value of the invertments deteriorated significantly due to the onset of the pandemic. In 2020ni the value recovered and has encouragingly grew beyond the 2019 balance. Risk Management The trustees conduct periodic reviews of the major risks to which the charity 15 exposed.with a view to establishing system5 and procedure5 aimed at mitigating those risks. Significant external risks to funtling have led to the development of a Strategic pian which allows forthe diversification of fvndraising and other activities of the charity. Intemal risks are minimised by authorisation pro￿d￿reS for projerts and transactions. to ensure consistently high- quality service delivery. Significant risks are divided into a number of area5 including-. Service Provision= protertion and monitoring of children and vulnerable adults. Financial Risk-. income generation. business pLanning. budgeting. and insurances. Personnel.. staff.volunteers. and placements. Property: security an¢J management of premises and risk of fire. IT and Communications= security and privacy of data. The trustees are aware of the irnportance of developing a risk awareness culture within the charity and continue to work toY4ards embedding this within the day to day working methods and thinking of Daisy Chain'5 stsff and volunteer5. ApprovaL The Trustees. Report and Financial Statements were approved bythe Board ofTrustees on 2021. On behalf of the Board David Norri5 Chalr of Fillan￿ Committee 20. Statement of Trustees. Responsibilities Statement of disclosure to auditors The charity trustees (who are aL50 dirertors of Daisy Chain Projert Teesside for the purposes of company Lawl are responsible for preparing a tru51ees' annual report and financial statements in accordance with applicible Law and United Kingdom Accounting Standards {United Kingdom Geneially Accepted Accounting Pr3cLicel. Company law Tequires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure.of the charitable group fo¥ that period. In preparing the financial 5tstements. the trustees are required to: 5elert suttable accounting policies and then apply them consisLently- observe the methods and principles in the Charities SORP.. make judgements and estimates that are reasonable and prudent- state whether applicable UK accounting Standards have been followed. subjert to any material departures di5c105ed and explained in the financial statements- prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company and the groups transartions and disclose wilh reasonable accuracy at any time the financial P051tion of the charitable group and enable them to ensure thatthe financial statements complywith the Companies Att 2006. They are also responsible for safeguardin¢J the assets of the charitable cotnpany and the group and hence for taking reasonable Steps for the preveniion an¢J detection of fraud and other irreguiaTltie& Disclosure of information to auditors Each of the pefsons who are trustees at the time when thi5 tru5tees' report is approved has confimied that= 50 far as that trustee is aware. there 15 no relevant audit infr)rmation of which the charitable gfOUP5 auditors are unaware. and that trustee has taken all the steps that ought to have been taken as a tnJstee in ortler to be aware of any relevant audit information and to establish that the charitable group's auditofs are aware of Ihat information. lan Parker Chair of Trustees Date: 2i1ioj£o21 21. DAISY CHAIN PROJECT TEESSIDE (A company limited by guarantee) coKrENTS Page Contents Trusts8s' raport Independent audltors. report on the financlal stat•m•nts statsment of flnaneial activities 2-21 22-25 Balanet sheot 27 Statement of cash f14W 28 Not&s to the flnanclal stat•ments 29-53 DAISY CHAIN PRlklECT TEESSIDE {A company Imlted by guarnntsel INDEPENDENT AUDITORS. REPORT TO THE MEAIBERS OF DAISY CHAIN PROJECT TEESSIDE UNQUALIFIED OPINION We hav8 audited the financial state￿￿nts of Datsy Chain Pr(¥ect Teesside {the 'charity) for the year ended 31 March 2021 whSch comprise the Statement of Financial ActN[t￿, the balance sheet, the Stal8ment of cash flows and the related notes, including a summary of signifrant accounling polic￿$. The finanaal reporting framework that has been applied in their preparation is appbcable law and unrt￿ Kingdom Accounting Standards, including Financial Reporting Standard 102 The F￿ar￿1 Repc￿tIng Standard applKoble in the UK armj Republic of Ireland. Iunrted Kingdom Generalty Accepted Accounting Practice). In our opinion the finanual statemènt$'. give a truè and fair view of the state of th8 chariiable compan¥s affairs as at 31 March 2021 and of ils incoming resources and applicat￿n of resources. I￿u￿1ng rts income and expenditure for tho year then ended., have been property prepared in xcordance with Uniied Kingth)m Generally Acwl&J Accounting Practie*; and have been prepared in accordance with the r8quir8m8nts (Athe Cst or transactDn value unless olheMise slated in the refev?nt ￿Counting KK4icy. 2.2 Golng concern The Irustees, having made due and careful enquiry and preparing forecasts. are of the opinion that the Charity has adequate w0￿1ng wrtal to ex8cut8 ris operations over the next 12 month5. The Irusl88S. therefore, have maje an inforff*d judgement al the time of appromng the financial slalements. that there is r8asonable expectation that the Charity has adequate Tesources lo continue in operational existence for the fores￿ble futuro. As a result the trustees have continued lo adopt the gDiNJ concem basi5 of accounlirkg ￿ preparing the annual fin8nci8151atements. In making this assessment the Iruslees are aware of the gbbal impact of COVID-19 and the continuing Un￿rtaInty ¢)n society and the economy. Page 29 DAISY CHAIM PROJECT TEESSIDE IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POLICIES {CONTINUEDI 2.3 Income l income is reccsnised the Charity has entitlement to the income. it is probable that the income will be received and th& anx)unl of incom8 rec8ivabl8 can b& measured reliably. Legacies are accounted for as I￿￿ming res￿ree$ either upon rtceipt or where the r8c8ipl of th8 legacy is probabl8 in that confirnalK•n has been Tecerved from the pe￿onal representatives of the estate tha payment wll be made. Grfts donated for resale are rKluded as income when they are sold. The trustees acknowledge that they are assets of the Chanty as soon a5 receNed but due to the faci that a very18rge number of small value items aré received the time and cost of valuirg donated goods al receipt would ouhveigh any benefrt lo the users ofthe finanaal stslements of having them so valued. Where goods are donated under the gift scheme the Charity is not entr£led lo the inccmnè until th8 goods are sokd and the donor has confimied that they are gffting the proceeds. In this case tho income is indude(1 as a a donalk)n ratherthan as a sale. Donated fac41itie5 are induded at the Wdlue to the Charity %there this can be quantified and a third party is bearing the cost. No amtyJnts are indLthd in the ffinanch￿ statements for services donated by vc4unteers. Incorne tax recoverable in relation to thnations rewved under Gift Aid or deeds of covenant 1$ recognr&ed al the tirne of the donation. 2.4 Expendltur? Expenditure is Tecognised once there 15 a W or constwctive (￿lIJatIOn to transfer e¢onomiG benefit to a third party, ri is probable that a transfer of economic benefrts will bè raquir8d in settlement and the amount of the ￿l￿at￿)n can ￿ measured roliabty. Expenditure Is tlassrfied by actTvty. The cost5 of each actiwty are made up ol the total of direct costs and shared costs. including SUPPOrt costs inVo￿e￿ in undertaking each activty. Direct costs attributable lo a single actNity org allo￿ted dirody to that actmty. Shared costs whth contribute lo more than one activity and support costs whKh are not attribut*)le lo a singb &*ivity ar8 apportioned beiween those aclNities on a basis consistent with the use of resources. Expenditure on raising funds inchjdès all 8xpendilure incurred by the Charity to raise funds for its charitabte purposes and indudes costs of all fundraising xtsvities events and ntsn4haritablé trading. Governance costs are thos8 incurred in cDnnectK)n %*iih aministration of the Chanty and compliance with constitutional and statutw requirements. 2.5 Govgmment grants Governmenl grants relating to tangibte fixed assets are treated as deferred inwme and released lo the statement of financial ath'vities over the exFecled useful lives of the assets concemed. Other grants are credited to the sialement of fmancial aCt￿lt18S as th8 relat8d expenditure 1$ incutyed. Page 30 DAISY CHAIN PROJECT TEESSIDE IA company ￿mIted by guaAntee) MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POUCIES (cop¥llNUEDI 2.6 Tangible fixed assats and d•prnclath>n Tangib￿ fixed assels costirwJ £1,Crf)O or rn￿e are capitalis&l and rec4)gnised when future economlc b8nefits are pr￿)￿)￿ and the cost or value ofthe asset (an be measured reliabty. Tan9lble fixed assets are initk41y recognL8ed at cost After recognitK)n. under the cost model, tangible fixed assets we measured at cost xcumuLgtgd depreciation and any accumulated impairment losses. Depreciation is charged so as to the cost of tangible fixed assets less their residual value over their eslimaled useful INes. Depreoation is promded on the bases.. Freehold propety Improvemènts to lOn￿eM7 leasehokl property Plant and machinery Motor vehKles Fixture5 and fftts.ros Computer equipment 2% 5travJhl line - straight line over the remaning leThn of the - 25% red￿n9 balanc4 - 20% slfa￿ht I - 25(*A red￿l￿g balanc 33.330A strawhl line 17 Investments Fixed assel investments are a fom of financial instrurnenl and are initialty recojnised al their transaction cost and subsequenmy measured at fair value al thè balance sh8&t dale. The net gains and losses on revaluations and dispos* are I￿uded in the cOr￿lIdated statement of finanBial Investments in 3ubwdiari&s are valued at cost less P￿S1on for impairnent. 2.8 Operating leases Rentals paid urKler gper*ing leases are charged to the ￿atement of financial activities on a straight h'ne basis ¢)vei the kase temi. 2.9 Flnanclal InstNments The Chanty onty has finanlial assets and finanoal liabilities of a kind that qualify as basic financial instruments. Basic financial nslrumènts are In￿￿ty rectsjni86￿ at transaction value and sub5equenlty measured al their settlement value. 2.10 P•n$ions The Charity conlTbutes lo a defined cOntribUth￿ pensvJn scheme and the pgnsion charge represents the an￿UnIS payable by the Chanty lo the fund in respect of the period. Page 31 DAJSY CHAIN PROJECT TEESSIDE IA ￿￿panY limiled by guarants&) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POUCIES {coKfiNUED) 2.11 Fund accounting General fuThJ$ are unrestrthd funds whth are available for use at the discret￿)￿ of the lYustee8 in lurtherance of the general (*Jjectives of the Charity and which have not been designated for other purposes. D8signal8d funds comprise unrestricted funds that have b88n set aside by the Irusleès for particular purposes. The aim and use of each design*ed fund is set out in the notes lo the financial slatement8. Restricied funds are funds which are to be used in accordance th specffic restrictions imposed by donors or wh￿h hava b8en rais8d by thè Charity for particular pury)oses. The aim and use of each strictwj fund is set out in the notes to the finanual statements. The Charty has two linked charities, Link$ 2 and Sibz (Sibling support group). All activity is now und8rtak8n wthin Daisy Chan Project Teessid&. CRMCAL AccoupmNG ESTIIIATES AND AREAS OF JUDGMENT Estimates and judgr￿ntS are ¢￿tinual￿ W￿￿ated arKI are based on h151orical experien¢e and other frdctors, including expectations of future events that afe believed lo be reasonable under the circumstances. This will indude1udg￿EnlS in ￿P￿"ng Ihe m05t appropri819 accounting policies. Critical a¢counting estimaias and assumptions: In preparing these financial statements the Iru5tees have usèd the g￿ng concern basis of accounting. This is based on the best information aVaila￿e at the dale of signaluie. As explained in the Trustees report the macroeconomrc environment continues to be ¢halkThJing and uncÈrtainties r8m8in ovèr any future restrictv)ns on movement being introd￿d. At this stage this is not expected tr) change the status of the Charty from a goir4 concern and the financial statements therefore contrnue to be prepared ￿ tho going cor￿eM basis. Page 32 DAISY CHAIN PROJECT TEESSIDE {A company limited by guarnnteel NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2021 INCOME FROM DONATIONS AND LEGACIES Unrestrlcted Restrided funds funds 2021 2021 Total funds 2021 Tolél funds 2020 Donalhxs Legacies Grants Coronavirus Job Retenti(M) Scheme 61,726 61.726 138,856 281,750 271,839 736.526 1,018,276 271,839 T29, 189 8.395 615.315 n6.526 1.351,841 881,440 Total 2020 393,856 487.584 881,440 Included in grants above is £400.￿0 (2020.. £4CIJ.(XIO) frorn Peopte'5 Poslcode Loltery. Thi$ is split with £150,000 (2020.. £150,000) treated a5 reslTicaed and £250,00012020.. Q50,￿0) treated as unrestricted. INCOME FROM CHARITABLE ACTivmES Vnrgstrktod fund5 2021 Total lunds 2021 Total lunds 2020 Children's seNces Famity support Educational placements Training & other services 1.610 12.684 84,805 9,837 1,510 12.684 84,805 9.837 5,476 87,038 IIT,711 51,261 108,836 108,836 261,486 Tolal 2020 261.486 261,486 Page 33 DAISY CHAIN PROJECT TEESSIDE (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FUNDRAISING INCOME Inccrfnè fmm fundmising events Unrestricted funds 2021 Total funds 2021 Total funds 2020 Superstore Merchandise sales Fundraising events Other inco 301.860 10 65.326 137 301.860 10 596,436 2, 744 197, T06 t6,9￿1 65.326 137 367.333 367,333 813,836 Total 2020 813.836 813,836 INVESTMENT INCOME Un￿StriCted funds 2021 Total funds 2021 Tol funds 2020 Dewsit ¥counl int8r8St Investment income 781 781 1,499 3,681 4,020 4,020 4WJ1 4.801 5,180 Tc4al 2020 5, 18CI 5, 180 Page 34 DAISY CHAIN PFIOJECT TEESSIDE IA company Ilmll•d by guarantee) NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2021 COSTS OF RAISING FUNDS Unrestricted Restrlcted funds funds 2021 2021 Total funds 2021 Total funds 2020 Fundraising costs of grants and donaknns Cost of fundraising evenls Superstore costs W4es and salarEs DeprecAation Investment manager fees 7.245 17,059 87, 168 167,431 146,690 478,743 590, 197 28.565 10,979 1.250 1,258 17.059 164.431 476.743 28,555 1.250 3.000 2.000 695,283 5.000 700,283 841, 142 Totd 202Q 841. 142 841, 142 ANALYSIS OF EXPENDITURE OM CHARITABLE ACTMTIES Summary ty fund type Unrnstrlctod R•stri¢led funds lunds 2021 2021 Total lunds 2021 Tolal fiJrKts 2020 ChihJr8n's seNces Famity support Educational plaeémenis Training & thr seNces 231.5TI 111.872 276.411 24,641 212,S38 243,714 40,828 21.785 444.115 355,586 317.239 46A26 517, 782 171,972 319,840 68.088 644.501 518,865 1,163,366 1,077,682 Total 2020 7￿. T40 376,942 1,07T,682 Page 35 DAISY C+IAIN PROJECT TEESSIDE (A company limlted by guarantee) NOTES TO THE FINANCIAL sTATEME1￿s FOR THE YEAR ENDED 31 MARCH 2021 10. ANALYSIS OF EXPENDITURE BY ACTMTIES A¢tlvities undertaken directty 2021 Support costs 2021 Total fvnds 2021 Tot81 funds 2020 Children's seM¢es Famity support Educational pk?c￿)0￿ts Tr￿nIng & other semces 247.937 218,262 175,010 31.713 196.178 137,324 141229 14,713 441115 355.586 317,239 517, 782 171,972 319,840 68,088 672,922 490.444 1.163.366 1,077,682 Tol412020 659,936 4t7.T46 1,077.682 ANALYSIS OF DIRECT COSTS Tralnlng & other Services Children seNic•s Family Educatlonal support placements 2021 2021 Total funds 2021 Total lunds 2020 2021 2021 Wages and salaries Staff c0515 Staff travel Volunteer cosls Premises 230,681 2,032 202.767 2.292 166.903 275 23,418 623.769 562,012 13,899 1,670 1, 728 24,661 7,842 2,496 45.628 124 731 6.999 19,032 378 216 137 2,461 3,051 150 2,012 5,676 Administration Advertising Res¢JJrces 5,150 5,1 S6 237 7.116 7A95 562 17,1TT 247.937 218,262 175,010 31.713 672,922 659,936 Total 2020 379,392 113, 183 119.676 47,685 659,936 Page 36 DAISY CfrL4IN PROJECT TEESSIDE (A company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 10. ANALYSIS OF EXPENDITURE BY ACTMTIES ICONTINUEDI ANALYSIS OF SUPPORT COSTS Tralnlng & other seNic 2021 Children's seThilc8S Famlty Educational Support placèments 2021 2021 Total funds 2021 Total funds 2020 2021 W•Jes and salar￿5 DepreCiat￿n staff costs Staff Iravd Volunteer costs Premi%e5 Administration Advertising Prof8ssional fees Subscripts'ons Resources Governan costs 80,165 31.811 56.115 21268 4.514 58,119 23,063 4,676 6,012 200.411 79.528 16,123 113,786 72,366 18.539 415 574 74.907 60,215 330 ti,050 4, 184 6, 134 16 24.768 28.992 158 1.358 1,010 11 17J38 12 17.951 21,019 114 1,857 2,174 12 102 76 92 61,920 72.479 394 3.396 2,S26 3,071 110 951 707 733 20223 14,156 14,860 1.517 50.$56 55,246 196.178 137.324 141229 14,713 490,444 4t7,746 Total 2020 138.3 58, 789 2c￿, 164 20,403 4t7,746 Page 37 DAISY CHAIN PROJECT TEESSIDE IA eompany limited by guaranteè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 11. GOVERNANCE COSTS Unrestrlcted funds 20 Total funds 2021 Tot funds 2020 Auditors, remuneralK)n Audito￿. non audit costs Consuttancy, legal & prot8ssKJnal fees w￿eS and salari8S 6.552 1.968 960 6,552 1,968 1,302 41.076 41.076 46,684 50,556 50,5S6 55,246 Total 2020 55,246 55,246 12. AUDITORS. REMUNERATION The aLKJil¢xs' remuneraticn amounts to an audrtor f80 of £5,460 (2020- £5,2￿). and other 5eNices of £1,64012020- £1.08¥. Page 38 DAISY CHAIN PROJECT TEESSIDE IA company limited by guardntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 13. STAFF COSTS 2021 2020 Wages and salaries Social securty costs Contribution to defined contr￿￿110￿ pensK)n schemes 1.243.769 76.528 23,702 1,206,548 82.064 24,068 1.343.999 1,312,680 The average number of pefsons empbywj by the Charity dUrir￿ the period was as folk)ws.' 2021 No. 2020 Management and adminLStration Fundraising Charitsble ad1Vit￿S- Serv￿ delwy Chanty Shop 13 13 48 25 87 92 No employee received remuneratv)n amounting to ￿￿ than £80,￿10 in eithèr year. The above equates to fun time equivalent staff of 57 {2020'. 57). The total employment benefrts, Ind￿Jing empbJyer pensK)n contrbutKms. of key Man￿em￿l personnel were £188,773 (2020.. £208,245). The Charity benefrts from the involvement and support of its many volunteers. furttr*r details of which are Provid￿ in the Twstees Report. In accordance with aeccMJntirKJ standards the èconomie eontribution of volunteers is not measured in the finanaal statements. 14. TRUSTEES. REMUNERATION AND EXPENSES During th8 yaar. no trustees received any remuneration or cther keneffts {2020- £NIL). During year ended 31 Ma￿h 2021, Tr) trustee expenses have been incurr&J (2020- £NIU. Page 39 DAISY CHAIN PROJECT TEESSIDE {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 15. TANGIBLE FIXED ASSETS Improvem• nts to long- Fixtures, fftllngs and Motor computer v•hlcl8s equipment Freehold leasehold Plant and proparty prowrty machinery Total Cost Al 1 Awil 2020 Addit*)ns Disposals 1,304,427 30,658 93,292 72,128 116.5651 73A41 12.000 413.105 1.896,265 31,330 38.852 171968 13,525) (111)00) 158,2631 190,3531 At 31 March 2021 1,335.085 148.855 69.916 31.330 393.694 1.978,880 D8pr8clatlon At 1 April 2020 Charge for the pertod On disposaL8 333.129 26,362 59.036 240,289 50.616 (68,263) 675,719 108.083 178.666) 28.555 {70871 13.3161 19,200 At 31 March 2021 358.491 54.733 59270 232.642 705,136 Net bookvalue At 31 March 2021 976,594 94,122 10,646 31,330 161,052 1,273,744 At 31 Ma￿h 2020 971,298 59,227 14,405 172,816 1,220,546 Page 40 DAISY CHAJN PROJECT TEESSIDE (A company limit￿ by guarantoel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PAARCH 2021 16. FIXED ASSET INVESTMENTS Investments In subsidiary Unlhted companies inveslments Investments Totèl C<)st OT valuatio At 1 N)ri12020 Addit￿n$ Disposals Revaluations Investment manager fees Dividends T￿e1Ved 135.803 77,069 (36.5171 30.105 55,026 36,517 ITT.069) 190.830 113.586 1113.586) 30,105 11,250) 4.020 (1.250) 4020 At 31 March 2021 2D6.460 17,244 223,705 Investments at marknt value 2021 2020 Equities Cash wmthin investsnent pcwifol Investment in trading subsKlk4ry 206,460 17,244 135,803 55.026 223,705 190,830 Page 41 DAISY CHAIN PROJECT TEESSIDE {A company limitad by guarant•el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 16. FIXED ASSET INVESTMENTS {COMTINUED) PRINCIPAL SUBSIDIARIES The following was a subsidiary underta￿'n9 of the Charty.. Nam? Company Registered office or prlnclpal Class of number plac• of buslness shares Daisy Chain Trading ITeessNJel Limrted 05209370 Cdf Falk)w Fwm, Call Falk)w Lane, Norton, Sttxkton On Tees, TS20 1PF Ordinary Holding 11)0% The financial resums ofthe subsidiary ftw the year were.. Name Expenditure ProfiU{Los$) I Sury)lusl IDeficitl for the year Daisy Chain Trading ITee58idel Limited 115,2581 1S,258 17. STOCKS 2021 2020 Gc*)ds for resale 1.054 I,ooq Page 42 DAISY CHAIN PROJECT TEESSIDE IA company limited by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 18. DEBTORS 2021 2020 Trad8 d8blors Amounts owed by group undertakings Olher debloTs PrepayTrenls and a￿rUe￿ incc*i 22.475 55,587 14,353 10, 154 60,226 5,251 38,137 65.863 140,320 Page 43 DAISY CHAIN PROJECT TEESSIDE (A company limited by guarnntsol NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 19. CREDITORS: AMOUNTS FAWNG DUE WITHIN ONE YEAR 2021 2020 Trade creditors other taxation social security other creditors Accruals and deferred irKome 59,185 18,204 5,095 107,737 32,642 17, 791 10,335 99,535 190.221 160,303 2021 2020 Oeferred income at 1 April 2020 Resources def8rred during the year Amounts released from prevk)us P8rK)ds 54,843 12.802 (54.8431 45,867 54,843 (45,867J 12,802 54,843 Page 44 DAISY CHAIN PROJECT TEESSIDE IA Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 20. STATEMEKf OF FUNDS STATEMETr￿ OF FUNDS - CURRENT PERIOD Balance at 31 March 2021 Balancè at 1 April 2020 Transfers Inlout Galnsl {Losseyl Income Expenditure Deslgnated fund5 Designated Funds {60.000) 30,000 General funds G8neral Funds 1,708,867 1.096,285 11.279,784) 60.253 30,105 1,615,726 Total Unrnstrl¢t lunds 1.798,867 1,096.285 11.339.784) 60,263 30,105 1,645,726 RestrScted funds BLF Youth Initiakn've CCG Hartlepo Warbuton5 Family Matters Cummins The Mercevs Company Children In Need - Holiday Club People's Post¢ode Lottery CCG Darfington Coronavirus Mental Heatth Response Fund NaI￿rN￿de Finlay Cooper 14,350 35.037 (14JS0) 1115,78n 80,750 2252 2,536 2.262) 33.363 (1536) 33,363 1.473 47,683 (43,078) 6,078 30.373 (26239) 4,134 101.586 13,000 150.000 (140,412) {13,000) 49,836 (38,319) (8,786) (1,097) 10,420 34,798 30.0(K) 130,01)0) Pag8 45 DAISY CHAIN PROJECT TEESSIDE {A company limited by guarant801 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 20. STATEMENT OF FUNDS (CONllNUEDI STATEMENT OF FUNDS- CURRENT PERIOD {continuedl 8alance at 31 March 2021 Balance at I Aprfl 2020 Transfers inlout Galn {Lossesl I￿oMe Expenditure CoTonaviru$ Communty Supwrt Fund PeoFde's Postcode Lottary Innovalion Trust Children In Need- First Steps Performirvj Arts County Durhwn Communty Foundation Mason Charitable Foundation Newcastle Building So¢￿ty Small Grants 99,378 {81,7071 (17,671) 100.(#)O (9701 99.030 26.615 110.245) {1,3991 14.971 14818 {802) IT.5501 (6.900} 21099 11.000 {5.IK)O) 116,0181 6.1)00 9.01)0 518 205.125 736.526 1523,865) {60,253) 357.533 Total of funds 2,003,992 1,832,811 (1.863.649) 30,105 2,003,259 Page 46 DAISY CHAIN PROJECT TEESSIDE (A company limit•d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 20. STATEMENT OF FUND5 ICONTINUEDI STATEMEKf OF FUNDS - PRIOR PERIOD BalaTr￿ at 31 March 2020 Balan￿ at l Awil 2019 Transfe inloul Galn (Losses) Inct¥ne E¥penditu Dosignated funds Designated Funds (40,LW) General funds General Funds I, T27,609 1,474.358 [1.￿7.881} 23.389 (14, 608) 1,708,867 Total Unrestricted fvnds 1,817,609 (1,541,881) 63,389 (14,608) 1, 798,867 Restrlcted funds Sobell FoundalKJn Northstsr Foundation BLF Youth Initiative {4CW) 5,358 (5,3Sg) 13,662 82.918 {82,230) 14.350 Warbutons Famity Matters Coop Community Grants Co Op Buikling Connections (7. 748) 2,252 8,077 11.CQ9) (7.068) 5, 191 36,C 7,322 (5, 191) (60.963) 17,322) CCG Haruepool Awards For All People's Poslwl8 Lottery Finlay Cooper Th8 Mercels Company 35,037 74,476 IAC( (122.890) (3.062) 101,586 (46,938) 49,453 {47.980) 1,473 Page 47 DAISY CHAIN PROJECT TEESSIDE {A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 20. STATEMENT OF FUNDS {CoP￿INUED STATEMEwf OF FUNDS- PRIOR PERIOD (CONTINUED) Balance al 31 Ma￿h 2020 Bala￿ al l Apth2019 Transfe i￿out Gain (Losses) InGl¥￿e &p8nthtura Cummins Children In Need CDCF Tampon Tax CCG Darlington Small Grants 11,919 (9.383) 2,536 31.224 (851) 30,3T3 9,813 13.￿ 19.257 (9.813J 13,000 4.518 2, 786 (17.525) 157,872 487,584 13T6,942) (63.389) 205, 125 Total of funds 1,9T5,481 487,584 11.918,823) (14, 608) 2,003.992 Page 48 DAISY CHAIM PROJECT TEESSIDE (A ¢ompany limbted by guarantso NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 STATEMENT OF FUNDS (CONTINUED Unrestricted funds These are funds whkh are fredy available for Ihe use of the Charity. Designatsd funds In the prior year the trustees sel aside £90k of the unrestricted funds. £25k was spent during the year making inlemal accommodation change5 and £3Sk was spent during the year opening a distribution centre to support the Supèrstore. The rwnaining designated fvnds at tho end of the year are made up of.. £20k Changing pl&e¥ accessible tcilets £10k Restnjcture fijnd Restrfctèd funds Blg Lottgry Fund Youth Inltiative Funding lo develop youth provision for young pecple with aulism and associated dis*>ilities. The funding has now come to an end. CCG Hartlepool A further £80,750 was recer¥ed to fund famty suppcrft for year to 31 March 2021. Wart)urtons Family Matters Funding towards th& adun group whth has rw been fulty spenL Cummlns £2,536 of funding lor capital improvements lo the superstore has been spent and the additions have been transferred to unrestricted funds yi line with other fLxed assets once purchased. A lurther £33,363 has been re￿Ned towards suppottiny the "My Autism My Calf, projed. a mini call centre lo offer iemole assistance lo broader communty during COVID-19 beyond. Tho Mercerfs Company £40,433 wos rgceived for the second year of furn1ing for an empbyabilify skills progranTn8 whereby indiwduals with autism are upsknlled, $upported and empowered to transform items d￿lIned for landfill into resaleable products. A small balance was carried forward into the next year. A further £7,250 was re¢￿Ved to ￿￿nCh the ecommorce offer during COVID-19. Chlldren In Neèd - Hollday Club To provide a holiday club and trips outings for chiklren and young people with autism. Pwple's Postcodè Lott Of the £400,000 received in total £150.0(H) wa5 restrKted. This was for the Employabilrty programme 1£90,0001, OLrtd(xJr Provision 1£30,0001, aThJ for VIrtU81 SupFkYt {£30.000). A balartrce on thi$ 15 carr fO￿ard into the next financAal year. CCG Darlington A grant to provide training to thikj min(lers. eaty years providers. primary and secondary schools In Dadington. The training has helped identification and 5UPPOrt for the benefft of children and young people with neurodevelopmental needs. Page 49 DAISY CHAIN PROJECT TEESSIDE IA company Ilmlted by guaranteè) NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2021 STATEMENT OF FUNDS (CONTINUED) Coronavlrus Mental Health Response Fund Funding was r8cèived from Mind for the support of servFce users mentsl health duriro the COVID-19 pandemic. Nationwlde Funding received for the My Autism W H￿ne project to ffijnd a Housing OffirE lo hèlp service users access hcmjsing and acc(rn(yJalK)n. Finlay Cooper £30,000 received to fund improvements to the cafe in the sU￿r$tOre. The improvements have been Capitalised and transferrèd to unrestncted funds in k'ne ￿th other fixed assets once purchased. Coronavirus Communlty Support Fund Funding for the "My Autism My Call" project. People's Postcode Lollery Inn¢vatlon Trust Funding received towards the devekjpmenl of an"AutNn Pod Vil*'. Chlldren In Ne¢d- First Stsps Pertorniing Arts To d￿￿er perfomiing arts actmlies for Aulislic children to m￿gate the impact COVID-19 is having on th￿r lives. SUPPOrting them lo grow in Conf￿er￿e, develop comrThJnic*ion skills, develop language and use expression. County t￿rhaM Community Foundation Funding tThards a Potytunnel. Th& v*)rk 1$ ong¢ing al the year end and plans are for it lo be completed in the 2021122 year. Masonlc Charftab19 Foundation Funding for a "Complex Casè SuprKJrt Service.. The first year ol funding funs tr) November 2021 and the carried forward balance wll be used lo continue the service until that ￿lfil. Naw¢aslle Building Soci8ty Grants r￿e1Ved lowards the ecommerce project aThJ the costs of empbying an"upcycleff. Small grants A number of small grants have béen rec8￿￿ in the year for lh6 fol0v￿￿j purposès. Where a balance has been carried forward it has been noted: - Thirteen Group.. £1,500 towards event costs, all carried forward. - Zedra.. £2.500 towards the cost of a VR headset, all ￿rrIed fornvard. - Nineveh.. £5,000 towards the cosl of fami￿ support staff. - CF Fertilis8r'. £500 towards Ilhu films. - Tesco Widgit.. £500 tcswards clubs and actiwtie5. - Ineos". £5,000 towards education and fAacerwil staff. - Tesco= £500 towards the cosl of phone bills to provide suppr>rt dunng the COVID-19 pandemio - Bailey Thomas.. £5,000 tc￿ardS staffing of the bam, ail carrieé forward. Pa9e 50 DAISY CHAIN PROJECT TEESSIDE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ANALYSIS OF NET ASSETS BETWEEN FUNDS Analysls of n•t assets between funds- Currenl year Unrestrict•d Restricted funds funds 2021 2021 Totsl funds 2021 Tangible fixed assets Fixed asset investments Current assets Creditors due within one year 1273.744 223.705 338.498 {190,2211 1,273,744 223,705 696,031 (190,2211 357,533 Totsl 1,645,726 357.533 2,003,259 Analysls of net assets betvRen funds- prior y•ar Unrestiictèd Restiicfed fvnds funds 2020 2020 Total runds Tangible fixed assets Fixed asset investments Current assets Creditors due vMthin one 1,220.546 190,830 547.794 (160,303) 1,220,546 190,830 752,919 {t60,303) 205. 125 Total 1, 798,867 205, 125 2,(X13,992 Page 51 DAISY CHAIN PROJECT TEESSIDE {A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NEf CASH FLOW FRCthI OPERATING ACTIVITIES 2021 2020 Nèt in¢cthele%penditure for th8 year {as per Statement of Financial Activities) 331 28,510 Adjustments for: DepTeciation charges Gainslllosges} on inveslm Diwdend$, interests and rents from invesknents Loss on the sal8 of fixed assets Decreasellincreas8} in stocks Decreasellincreasel in debtors Increase in credrtors Investment management fees 108,083 (30,1051 {4,8011 11.687 1531 74,4SY 29,918 1.250 83,346 14,608 (5, 180) 1,443 (9,574) 7. t59 1,258 Nel Cash prtyllded by operating actlvltl•s 189,703 121.570 23. ANALYSIS OF CASH AND CASH EQLIVALENTS 2021 2020 Cash in hand Cash wthin investrmenl p￿tr￿10 629.114 17,244 611,598 55,026 Totsl cash and &*sh equlvalents 646,358 666,624 ANALYSIS OF CHANGES IN NET DEBT At 1 Aprfl 2020 Cash Ilows At 31 March 2021 Cash al bank and in hand Cash within inve5tmenl portrdio 611.598 56.026 17,516 {37.782} 629.114 17.244 666.624 120,266) 646,358 Page 52 DAISY CHAIN PROJECT TEESSIDE IA company limited by guardntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 PENSION COhWITMENTS The Charity conlribut8s lo a defined ¢￿￿b￿l￿on pension scheme. The assels of the scheme are held separatety from those of the Charity in an independèntly administered fund. The pension Cost charge represents cnntributifms payable by the Charty to the fund and amounted to £23.702 12020: £24,068). Contributions totalling £5,095 {2020'. £4,744) wer8 Payab￿ to the fund at the bala￿ sheet date and are Included in ereditors. 26. OPERATING LEASE COMMITMENTS At 31 March 2021 the Charity had commitff£nts lo make future minimum lease payrnents under no Cancellab￿ operating leases as fc4kw5.' 2021 2020 Not later than l year Laler than 1 year and nd later than 5 yea Later than S years 86,663 260,935 83,490 3t8,098 347,598 431,088 27. RELATED PARTY TRANSACTIONS During the year under revithv th8 company the related paty transactions.. During the year a debtor due from Daisy Chain Trading (Teesside} Limibl. a subsidiary of Daisy Chain Project Teessfrde. of £15.258 was written off. Page 53