**Charity registration number 1115741 (England and Wales) Company registration number 5750186** ## **DAI UK** # **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **DAI UK COMPANY LIMITED BY GUARANTEE** ## **TRUSTEES ANNUAL REPORT** **YEAR ENDED 31 DECEMBER 2024** |**REGISTERED CHARITY NAME**|DAI UK| |---|---| |**CHARITY NUMBER**|1115741| |**COMPANY REGISTRATION NUMBER**|5750186| |**PRINCIPAL OFFICE**|25 Gordon Road| ||Windsor| ||Berkshire| ||SL4 3RG| |**REGISTERED OFFICE**|25 Gordon Road| ||Windsor| ||Berkshire| ||SL4 3RG| |**TRUSTEES**|| ||Mr I M Derbyshire| ||Mr J S Rogers| ||Mr A Shrestha| ||Ms F Stevenson| ||Rev. Dr. M Prior – till 19 July 2024| ||Ms Lyn Nicholls appointed 25 April 2024| |**INDEPENDENT EXAMINER**|Frances Wilde FCCA DChA| ||Warner Wilde| ||Chartered Certified Accountants| ||4 Marigold Drive| ||Bisley| ||Surrey| ||GU24 9SF| |**BANKERS**|Barclays Bank Plc| ||Town Gate House| ||Church Street East| ||Woking| ||Surrey| ||GU21 6XW| |**SOLICITORS**|Lawson Lewis Blakers.| ||11-12 Hyde Gardens| ||Eastbourne| ||East Sussex| ||BN21 4PP| |**ACCOUNTANTS**|Elizabeth Sanders Limited| ||25 Gordon Road| ||Windsor| ||Berkshire| ||SL4 3RG| ## **DAI UK** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 7| |Independent examiner's report|8| |Statement of financial activities|9| |Balance sheet|10| |Notes to the financial statements|11 - 19| ## **DAI UK COMPANY LIMITED BY GUARANTEE** ## **TRUSTEES ANNUAL REPORT** _**(continued)**_ **YEAR ENDED 31 DECEMBER 2024** The Trustees, who are also directors for the purposes of company law, present their report and the unaudited financial statements of the company for the year ended 31 December 2024. ## **REFERENCE AND ADMINISTRATIVE DETAILS** Reference and administrative details are shown in the schedule of members of the Board. ## **THE TRUSTEES** The Trustees who served the company during the period were as follows: - Mr I M Derbyshire - Ms L Nicholls from 25 April 2024 - Revd. Dr. M Prior to 18 July 2024 - Mr J S Rogers - Mr A Shrestha - Ms F Stevenson ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing Document** DAI UK is a charitable Company Limited by Guarantee. The company was established in 2006 under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £10. DAI UK is part of the worldwide ministry of Development Associates International whose Head Office is in Colorado Springs USA. ## **Recruitment and Appointment of the Board of Directors (Trustees)** The Directors of the company are also Charity Trustees for the purposes of charity law and under the company's Articles are known as members of the Board of Directors. The Memorandum and Articles of Association require that at each annual general meeting, one third of the Trustees retire by rotation and may, if eligible, offer themselves for re-election. Trustees bring a variety of skills to the Board including, business & mission management, marketing experience, financial management, current first-hand knowledge of international issues, local UK Church supporter knowledge, charity management and charity law experience.The Board keeps its work and composition under review and ensures that the composition of the Board remains adequate to ensure the strategic development of the company's work and proper oversight of its operations. _**Using its “Board Diversity, Experience and Skills inventory” it identifies strategic gaps in its composition and takes steps to fill them.**_ Any new Directors (Trustees) who may be recruited are likely to be sought from people known to the Board, senior staff or those closely associated with the charity, and who can provide the necessary specialist skills and experience to ensure the effective working of the Board and the development of DAI UK's ministry. ## **Trustee Induction and Training** New Trustees are provided with a copy of the Memorandum and Articles of Association of the company and digital access to the Charity Commission's guidance, "The Role and Responsibility of Charity Trustees". New Trustees are encouraged to spend some time with senior staff to gain understanding of DAI's work. The need for Trustee training is kept under review and appropriate training will be undertaken if the need is identified. The Board has approved a policy which encourages Board members to accompany senior staff of the charity on specific training sessions particularly in the UK, in order to deepen their understanding of DAI's work and/ or to take part in teaching in DAI courses. The National Director keeps the Board well informed on a whole range of matters concerning the development of DAI UK’s ministry and future plans for growth. ``` - 1 - ``` ## **DAI UK COMPANY LIMITED BY GUARANTEE** ## **TRUSTEES ANNUAL REPORT** _**(continued)**_ **YEAR ENDED 31 DECEMBER 2024** ## **Risk Management** The Trustees have considered the major risks facing the charity and the steps already in place to mitigate those risks. _**The review carried out each year records the risks identified, the steps in place to mitigate those risks and any actions required to further improve risk management.**_ Procedures are in place to safeguard the health and safety of staff, especially when working from home, with special attention given to the assessment of the risks both staff and volunteers face when travelling to areas of the world with known higher risks. DAI's Risk Policy document sets out the Board's attitude to risk, the organisation and responsibility for managing health and safety matters as well the specific arrangements for dealing with problems should they arise. Internal control risks are minimised by the implementation of appropriate systems and procedures including the segregation of authorisation of expenditure and payments. DAI UK remains dependent on Development Associates International for a significant part of its funding. As DAI UK is now establishing itself as primarily a ministry to the UK, Development Associates International will seek to continue their support while DAI UK works towards becoming self sufficient over the next few years. The Company's Reserves Policy has been formulated so that monies held in reserve are generated from UK giving. ## **Organisational Structure** 2024 has seen the further development of DAI UK’s ministry to diaspora churches and international students studying in the UK and has expanded its ministry to include organisations working with vulnerable young people and churches seeking to reach out to those most in need. This has been led by the National Director, Liz Taylor, ably assisted by the part time Administrative Assistant and a number of very able volunteers and facilitators. In addition a new staff member was appointed in November 2024 primarily to develop ministry in the Midlands Region. The Board of Directors (Trustees) are drawn from a variety of professional backgrounds relevant to the work of the charity. ## **Related Parties** Development Associates International (DAI) provides the corporate identity for DAI's work worldwide. DAI also provides a significant part of the funding for DAI UK at this time. ## **OBJECTIVES AND ACTIVITIES** The Charity Commission's general guidance on public benefit is borne in mind when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set. The company's objects and principal activities are, to use all the resources at its disposal for religious, educational and charitable purposes and specifically to enhance the effectiveness and integrity of Christian leaders by providing leadership development training courses, management consultancy and mentoring. It has been agreed with Development Associates International that, in meeting these objectives, DAI UK should focus mainly, but not exclusively, on serving the needs of the diaspora churches and international student communities in the UK and those who have least access to leadership training opportunities. DAI UK also seeks to provide facilitators and support for DAI’s Masters Degree Courses around the world and consultancy support to other members of the DAI internal family when requested. ## **ACHIEVEMENTS AND PERFORMANCE: DAI UK OVERVIEW** DAI UK’s main objective for 2024 was to continue to work in partnership with others to provide diaspora churches and international students studying in the UK with leadership training specifically developed to ``` - 2 - ``` ## **DAI UK COMPANY LIMITED BY GUARANTEE** ## **TRUSTEES ANNUAL REPORT** _**(continued)**_ **YEAR ENDED 31 DECEMBER 2024** meet their needs. In addition to this, plans were laid to develop the organisation’s leadership capacity and finances as well as continue to support DAI’s international ministry. Efforts continued to explore the potential for working with additional diaspora and student communities and the beginnings of a partnership with predominantly Afro Caribbean churches has been established. DAI UK remains open to other servant leadership training opportunities. ## **Facilitate Leadership Training in the UK** The main focus for the work of DAI UK in 2024 was in delivering the Certificate in Organizational Leadership which we are providing in partnership with Ambrose University in Canada. Each course includes the facilitation of four modules on the following topics: - Servant Leadership - Conflict Management and Transformation - Strategic Thinking and Management - Culture Ethnicity and Diversity. Each of the modules includes at least 20 hurs of interactive learning delivered through a mix of online and in person workshops. It is backed up by tutorials which are led by volunteer facilitators who we have trained in their role as tutors. In 2024 we were able to celebrate the graduation of 14 students who attended the two courses that were completed at the end of 2023. One student was from a White British background, one was from mixed Asian background and the others were from Nepal or Nepali speakers who came as refugees from Bhutan. **----- Start of picture text -----**
Graduation with Liz Taylor (National Director)
Bradford January 2024.
**----- End of picture text -----**
**----- Start of picture text -----**
Graduation
Aldershot
January 2024
**----- End of picture text -----**
**`- 3 -`** ## **DAI UK COMPANY LIMITED BY GUARANTEE** ## **TRUSTEES ANNUAL REPORT** _**(continued)**_ **YEAR ENDED 31 DECEMBER 2024** We also completed the course for the three graduates who were interns for Transformations Leeds. This included one student from Hong Kong and one from Ecquador who have since returned to their home countries and one from Kenya. In addition we have been able to start 4 new cohorts for the Certificate Course: - One delivered completely on line; - one for the two MA gaduates who are interns for Transformations Leeds (from Kenya and South Korea); - one for the charity, East to West, that works with children and young people with mental and emotional difficulties - one based in Eastleigh for seven students that is a mix of people from a church reaching out to the vulnerable in the community (five students) and a charity that works with homeless young adults (2 students). The course that has been delivered completely on line has been very successful with 12 students completing two modules by the autumn of 2024 although two have had to postpone completion of the course due to a change in personal circumstances. This group is from mixed backgrounds including: nine from Nepal, two from an Afro Caribbean background and one from Tanzania. All are resident in the UK and the course will be completed in February 2025. The course which is being delivered in Egham to the leadership team of the charity East to West has also proven to be very successful. This includes nine people, seven of whom are British nationals, one is from New Zealand and another from Denmark. It has been a new experience for DAI in UK working with a team from one organsitaion but the feedback so far has been good. The organisation has been going through a number of major changes and the training has helped bring new perspectives to the team. It is hoped that DAI UK will be able to offer courses in this way to other organisations working with the most vulnerable in the future. Feedback from the modules delivered in 2024 includes: **----- Start of picture text -----**
I have heard so much about leadership
Lots of things for me have changed because of the course, but the
and concluded in my heart that leadership
biggest challenge came from Conflict Management and Transformation
and leadership development is all about
module – it was life changing!... I realised that listening and trying to
building your character with a style that
understand others is so important. What I learned .. was not just a
lets you stand out as an influential person
lesson to learn and forget, but it has been the voice of God to me. I have
… big offices, lighted stage, tailored suit,
a better understanding of people, their personality and conflicting
being a great speaker…and that all the
styles. This has helped me to deal with difficult situations in
trainings and tools on leadership are to
relationships. I am more confident during a conflict now because I have
help you become sophisticated, polished,
got the tools to de-escalate it and grow stronger in relationship."
refined and suited for a high and mighty
position in big office spaces.
Nepali Student
The course has challenged me on what it is
truly like to become a leader, what
greatness looks like practically, what
character and attributes are needed to
I’ve just started a leadership role in my
effectively impact the area you are
church. Since doing the course I’ve been more
leading..and much more it is about being patient and my communication has improved.
of service, serving is leading! I’ve seen the change in myself and my
husband and sister have noticed it too. I’m
Student from Kenya more mature in Jesus.
Nepali Student
**----- End of picture text -----**
``` - 4 - ``` ## **DAI UK COMPANY LIMITED BY GUARANTEE** ## **TRUSTEES ANNUAL REPORT** _**(continued)**_ **YEAR ENDED 31 DECEMBER 2024** The partnership with Transformations Leeds, a charity that supports international students, has deepened. As well as facilitating the training of the interns, DAI was able to support the charity in completing a research project identifying the learning, emotional and spiritual needs of UK international graduates particularly those who have returned to their home countries. Using the results of this Transformations is piloting an on-line international leadership support programme which DAI staff have been able to help develop and will offer ongoing support. Other activities carried out during the year have included facilitating an on line coaching course involving 12 particpants over 4 sessions. In addition three workshops have been held for alumni with 45 different people attending, as well as four fruitful mentoring relationships with church and charity leaders. In addition over 1,000 people have heard about aspects of servant leadership and associated skills through a range of speaking engagements. ## **2 Governance and Leadership** The DAI UK Board has remained consistently engaged throughout the year, has undertaken reviews of all major policies and is continuing the process of seeking diversity in its membership in terms of age and ethnicity. This has been led by our Co- Chairs, Fiona Stevenson and Ian Derbyshire. We are delighted to have welcomed Lyn Nicholls onto the Board in April 2024 as a new Trustee. Lyn has recently retired as national HR Director for an international insurance company, has many years of leadership experience in different arenas, including as a Trustee and has brought valuable wisdom and energy to DAI UK. During the year the number of actively engaged volunteers has stayed steady at five, four women and one man and all recent retirees. Their main function has been as tutors to support students in assignment writing. This role is currently under review as part of a wider evaluation to inform future developments. ## **3 UK Fundraising** Fundraising has continued to be challenging, as has been the case with many charities given the rising cost of living. But we were delighted to raise £2,500 through the generosity of one Trust Fund and also had a successful campaign parterning with the Big Give that raised just over £4,000. We continue to value the regular and one off support from individuals. DAI UK raised £14,715 in 2024 (£8,153 in 2023). ## **4 International Ministry** A number of relationships were maintained through on-line opportunities and the DAI UK Director was able to facilitate on-line the Strategic Thinking and Planning module of the certificate course in Organisational Leadership for 20 students in SE Asia. DAI UK was also able to raise £10,507 `for international projects and emergency relief delivered by DAI Global partners as well as on-going support for international ministries including Dr Cindy Perry, one of DAI’s Senior Consultants. ## **5 FINANCIAL REVIEW** Income from UK sources for 2024 was £29,201 (£23,920 in 2023). Of this £10,507 (£8,153 in 2023) was restricted income for specific international projects which DAI UK is supporting. DAI US continues to provide a significant part of the operational funding required by DAI UK. In 2024, DAI US underwrote £31,318 of the operating costs of DAI UK (£27,161 in 2023). In terms of regular donor support, total income from individual donors increased to £19,523 (£19,694 in 2023). Expenditure for 2024 was £60,484 (£48,365 in 2023). Of this £10,507 (£8,153 in 2023) was restricted income for specific international projects which DAI UK is supporting. ``` - 5 - ``` ## **DAI UK COMPANY LIMITED BY GUARANTEE** ## **TRUSTEES ANNUAL REPORT** _**(continued)**_ **YEAR ENDED 31 DECEMBER 2024** ## **Investment Policy** There are no restrictions on the charity's power to invest. Given the small sums of money currently involved and the limited objectives of such investment, the investment strategy is determined solely by the Trustees. The overall investment policy is to protect the value of the capital and preserve, as far as is possible, the real value of the capital by seeking returns to mitigate the impact of inflation. It is considered that this policy is best implemented, at this time, by investing cash in an interest savings account without exceeding the maximum sum covered for the chosen deposit-taking institution of the Deposit Protection Scheme administered by the FSCS. ## **Reserves Policy** DAI UK remains significantly dependent on income from Development Associates International (DAI) to fulfil its objects. However, as part of its Risk Management process, Trustees concluded that, should funds from DAI US cease to be available, the current main liability would be meeting the employment costs of staff for three months and have established a reserve fund which at the year-end amounted to £14,000. ## **6 DAI - INTERNATIONAL OBJECTIVES AND ACTIVITIES** DAI UK is a member of the DAI International family which seeks to enhance the effectiveness and integrity of Christian leaders worldwide by providing leadership development training courses, management consultancy and mentoring, and is active in 75 countries through 45 ministry centres.. ## **7 ACHIEVEMENTS AND PERFORMANCE: INTERNATIONAL OVERVIEW** - At least 154,865 Leaders were Served by DAI internationally in 2024 - 39,761 workshop attendees - 1,144 Masters students - 1,233 mentoring realtionships - 1,022 consulting and connecting - 96,649 participated in digital discipleship - 48,615 received releief and aid through the compassion crisis funds. ## **8 PLANS FOR FUTURE PERIODS** In line with the 5 year Strategic Plan our plans have been set against three strategic goals under which detailed operational pland have been agreed and will be closely monitored. : ## **Strategic Goal 1** Expansion of Staff, Volunteer and Board to carry out all the functions required to develop DAI ministry in line with vision and ensure smooth succession and sustainability when current National Director retires Dec 2026. ## **Strategic Goal 2** To further develop the training and support offer to reach more communities. ## **Strategic Goal 3** To raise the profile of DAI and increase the number of supporters, individuals, churches and trusts in order to provide more local financial sustainability and prayer support. ``` - 6 - ``` ## **DAI UK COMPANY LIMITED BY GUARANTEE** ## **TRUSTEES ANNUAL REPORT** _**(continued)**_ **YEAR ENDED 31 DECEMBER 2024** ## **INDEPENDENT EXAMINER** Warner Wilde Limited has been appointed as Independent Examiner for the ensuing year. Registered Office: 25 Gordon Road Windsor Berks SL4 3RG Signed on behalf of the Trustees _Ian Derb shire y_ 17/07/2025 signed on 19/08/2025, 12:07:38 BST **Mr. Ian Derbyshire** ........................................ ## _Fiona Stevenson_ signed on 19/08/2025, 13:41:19 BST **Ms Fiona Stevenson** …………………………………… 19/08/2025 Date ………………………………………………………….… ``` - 7 - ``` ## **DAI UK** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF DAI UK** I report to the trustees on my examination of the financial statements of DAI UK (the charity) for the year ended 31 December 2024. ## **Responsibilities and basis of report** As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006. - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or - 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with 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 to enable a proper understanding of the financial statements to be reached. signed on 19/08/2025, 14:33:48 BST **Frances Wilde FCCA DChA** Warner Wilde Chartered Certified Accountants 4 Marigold Drive Bisley Surrey GU24 9SF 19/08/2025 Date: ............................ - 8 - ## **DAI UK** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
39,392
19,854
Charitable activities
**4**
5,647
-
Investments
**5**
291
-
**Total income**
45,330
19,854
**Expenditure on:**
Raising funds
**6**
304
-
Charitable activities
**7**
40,701
19,533
**Total expenditure**
41,005
19,533
**Net income and movement in**
**funds**
4,325
321
**Reconciliation of funds:**
Fund balances at 1 January
2024
15,408
4,267
**Fund balances at 31**
**December 2024**
19,733
4,588|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
59,246
35,994
12,503
5,647
3,059
-
291
115
-
65,184
39,168
12,503
304
305
-
60,234
39,907
8,236
60,538
40,212
8,236
4,646
(1,044)
4,267
19,675
16,452
-
24,321
15,408
4,267|**Total**
**2023**
**£**
48,497
3,059
115| |---|---|---| |||51,671| |||305
48,143| |||48,448| |||3,223
16,452| |||19,675| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 9 - ## **DAI UK** ## **BALANCE SHEET** ## _**AS AT 31 DECEMBER 2024**_ |**Notes**
**Current assets**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
**Net current assets**
**The funds of the charity**
Restricted income funds
**16**
Unrestricted funds|**2024**
**£**
4,129
21,764
25,893
(1,572)|**£**
24,321
4,588
19,733
24,321|**2023**
**£**
1,885
19,177
21,062
(1,387)|**£**
19,675| |---|---|---|---|---| |||||4,267
15,408| |||||19,675| The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 17/07/2025 The financial statements were approved by the trustees on ......................... |~~..............................~~
Mr I M Derbyshire
**Trustee**
_Ian Derbyshire_
signed on 19/08/2025, 12:07:38 BST|_Fiona Stevenson_| |---|---| ||..............................
Ms F Stevenson
**Trustee**
signed on 19/08/2025, 13:41:19 BST| Company registration number 5750186 (England and Wales) - 10 - **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **DAI UK** ## **1 Accounting policies** ## **Charity information** DAI UK is a private company limited by guarantee incorporated in England and Wales. The registered office is 25 Gordon Road, Windsor, Berkshire, SL4 3RG. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. The value of any volunteer help is not included in the accounts, with the exception of the provision of professional services which would be valued and included as a gift in kind in voluntary income and a corresponding cost in the relevant category. - 11 - ## **DAI UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **1 Accounting policies** **(Continued)** ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. ## **1.6 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.7 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.8 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.9 Retirement benefits** The charity operates a defined contribution pension scheme. Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme. - 12 - ## **DAI UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **1 Accounting policies** ## **(Continued)** ## **1.10 Foreign exchange** Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit. ## **1.11 Debtors** Prepayments are valued at the amount prepaid after taking account of any discounts due. ## **1.12 Creditors** Creditors are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due can be measured or estimated reliably. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Income from donations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and gifts
7,024
16,238
Grants
32,368
3,616
39,392
19,854
**Donations and gifts**
Donations from
individuals
5,434
9,610
Gift Aid Tax recovered
1,070
3,128
Donations from Churches
-
-
Donations from other
organisations
520
3,500
7,024
16,238|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
23,262
8,244
12,503
35,984
27,750
-
59,246
35,994
12,503
15,044
5,833
11,456
4,198
1,411
750
-
1,000
-
4,020
-
297
23,262
8,244
12,503|**Total**
**2023**
**£**
20,747
27,750| |---|---|---| |||48,497| |||17,289
2,161
1,000
297| |||20,747| - 13 - ## **DAI UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **3 Income from donations and legacies** ## **(Continued)** ## **Grants from DAI US are made up as follows:** ## **4 Income from charitable activities** **----- Start of picture text -----**
|||| |---|---|---| |Unrestricted|Unrestricted| |funds|funds| |2024|2023| |£|£| |Charitable activities| |Workshop fees and sales|5,647|3,059| |Income from investments| |Unrestricted|Unrestricted| |funds|funds| |2024|2023| |£|£| |Interest receivable|291|115| |Expenditure on raising funds| |Unrestricted|Unrestricted| |funds|funds| |2024|2023| |£|£| |Supporter Relationship Development| |Advertising|-|232| |Other fundraising costs|304|73| |304|305| **----- End of picture text -----**
- **5 Income from investments** **6 Expenditure on raising funds** - 14 - ## **DAI UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **7 Expenditure on charitable activities** |||**Charitable**|**Charitable**| |---|---|---|---| |||**activities**|**activities**| |||**2024**|**2023**| |||**£**|**£**| ||**Direct costs**||| ||Staff costs|34,282|27,780| ||Education and training|10,507|8,153| ||Other costs|5,113|1,721| ||Workshop costs|316|93| ||Travel and accommodation costs|1,647|1,741| ||MA costs repaid by DAI US|-|589| ||Consulting|-|14| ||DAI US - expenses in UK|-|345| |||51,865|40,436| ||**Share of support and governance costs (see note 8)**||| ||Support|6,545|5,996| ||Governance|1,824|1,711| |||60,234|48,143| ||**Analysis by fund**||| ||Unrestricted funds|40,701|39,907| ||Restricted funds|19,533|8,236| |||60,234|48,143| |**8**|**Support costs allocated to activities**||| |||**2024**|**2023**| |||**£**|**£**| ||Office, finance and subsistence|3,037|2,271| ||Computer support|-|384| ||Accountancy|3,508|3,341| ||Governance costs|1,824|1,711| |||8,369|7,707| ||**Analysed between:**||| ||Charitable activities|8,369|7,707| - 15 - ## **DAI UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**8**
**Support costs allocated to activities**
**Governance costs comprise:**
Independent examination fee
Board expenses
Insurance
**9**
**Net movement in funds**
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements|**(Continued)**
**2024**
**2023**
**£**
**£**
1,250
1,200
144
136
430
375
1,824
1,711
**2024**
**2023**
**£**
**£**
1,250
1,200|**(Continued)**
**2024**
**2023**
**£**
**£**
1,250
1,200
144
136
430
375
1,824
1,711
**2024**
**2023**
**£**
**£**
1,250
1,200| |---|---|---| |||1,711| |||**2023**
**£**
1,200| ## **10 Trustees** None of the trustees (or any persons connected with them) received any remuneration during the year, and no-one was reimbursed for expenses. ## **11 Employees** The average monthly number of employees during the year was: ||**2024**|**2023**| |---|---|---| ||**Number**|**Number**| |Management staff|1|1| |**Employment costs**|**2024**|**2023**| ||**£**|**£**| |Wages and salaries|32,959|26,576| |Other pension costs|1,323|1,204| ||34,282|27,780| There were no employees whose annual remuneration was more than £60,000. ## **12 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. - 16 - ## **DAI UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**13**
**Debtors**
**Amounts falling due within one year:**
Other debtors
**14**
**Creditors: amounts falling due within one year**
Other creditors
Accruals and deferred income
**15**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**2024**
**£**
4,129
**2024**
**£**
322
1,250
1,572
**2024**
**£**
1,323|**2023**
**£**
1,885| |---|---|---| |||**2023**
**£**
187
1,200| |||1,387| |||**2023**
**£**
1,204| The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. - 17 - **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **DAI UK** ## **16 Restricted funds** The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. ||**At 1 January**|**Incoming**|**Resources**|**At 31**| |---|---|---|---|---| ||**2024**|**resources**|**expended**|**December**| |||||**2024**| ||**£**|**£**|**£**|**£**| |Himalayan Region "Beloved" sponsorship|-|395|(395)|-| |Himalayan Region - CP support|-|1,775|(1,775)|-| |Himalayan Region - D Tamang|-|880|(880)|-| |Himalayan Region - Myanmar Orphanage (CP||||| |project)|-|450|(450)|-| |MA Student Support|-|50|(50)|-| |Dehradun India|-|578|(578)|-| |Himalayan Region - God's Dream House,||||| |Pastor Cross|-|4,679|(4,679)|-| |DAI US/CP Support|-|1,150|(1,150)|-| |Workshops - admin & equipment|4,267|3,187|(6,471)|983| |Certificate Courses|-|2,500|(2,500)|-| |Nepal Flood|-|550|(550)|-| |Other Workshops|-|3,660|(55)|3,605| ||4,267|19,854|(19,533)|4,588| |**Previous year:**|**At 1 January**|**Incoming**|**Resources**|**At 31**| ||**2023**|**resources**|**expended**|**December**| |||||**2023**| ||**£**|**£**|**£**|**£**| |Himalayan Region "Beloved" sponsorship|-|395|(395)|-| |Himalayan Region - CP support|-|1,900|(1,900)|-| |Himalayan Region - D Tamang|-|880|(880)|-| |Himalayan Region - Myanmar Orphanage (CP||||| |project)|-|450|(450)|-| |MA Student Support|-|600|(600)|-| |Dehradun India|-|2,314|(2,314)|-| |Himalayan Region - God's Dream House,||||| |Pastor Cross|-|1,614|(1,614)|-| |Workshops - admin & equipment|-|4,350|(83)|4,267| ||-|12,503|(8,236)|4,267| The restricted funds support project work in specific geographical areas. - 18 - ## **DAI UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **17 Analysis of net assets between funds** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 31 December 2024:**
Current assets/(liabilities)
19,733
4,588
19,733
4,588
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
**At 31 December 2023:**
Current assets/(liabilities)
15,408
4,267
15,408
4,267|**Total**
**2024**
**£**
24,321| |---|---| ||24,321| ||**Total**
**2023**
**£**
19,675| ||19,675| ## **18 Related party transactions** There were no disclosable related party transactions during the year (2023 - none). - 19 - ``` Signatures' technical details ``` ## **`Signatures`** ``` ian.derbyshire1@outlook.com ``` ``` 19/08/2025, 12:07:38 BST ``` ## **`Fingerprint`** ``` 02376a672cbc00ecf7d5e4b556cd7f8f678a204a ``` ## **`fjs@fionastevenson.net`** ``` 19/08/2025, 13:41:19 BST ``` ## **`Fingerprint`** ``` 2706fdeb2198df047a6179844493d83d2717c368 ``` ``` frances@warnerwilde.co.uk ``` ``` 19/08/2025, 14:33:48 BST ``` ## **`Fingerprint`** ``` bd411507274741b7a5bce6618abfcfd819484b6d ``` ## **`getintouch@elizabethsanders.co.uk`** ``` 20/08/2025, 08:19:42 BST ``` ## **`Fingerprint`** ``` 03af9b727fed3d7eac863adf319c79b950e12254 ``` ## **`Event log`** |**`Event log`**|| |---|---| |`10.50.11.176`|`19/08/2025, 11:09:36 BST`| ||`Signing request created.`| |`System`|`19/08/2025, 11:09:39 BST`| ||`Notification sent to ian.derbyshire1@outlook.com.`| |`System`|`19/08/2025, 12:06:51 BST`| ||`Signing page opened by signee ian.derbyshire1@outlook.com.`| |`System`|`19/08/2025, 12:07:07 BST`| ||`Signing page opened by signee ian.derbyshire1@outlook.com.`| |`System`|`19/08/2025, 12:07:38 BST`| ||`Signee ian.derbyshire1@outlook.com signed document.`| |`System`|`19/08/2025, 12:07:41 BST`| ||`Notification sent to fjs@fionastevenson.net.`| |`System`|`19/08/2025, 13:40:46 BST`| ||`Signing page opened by signee fjs@fionastevenson.net.`| |`System`|`19/08/2025, 13:41:19 BST`| ||`Signee fjs@fionastevenson.net signed document.`| |`System`|`19/08/2025, 13:41:21 BST`| ||`Notification sent to frances@warnerwilde.co.uk.`| |`System`|`19/08/2025, 14:32:11 BST`| ||`Signing page opened by signee frances@warnerwilde.co.uk.`| |`System`|`19/08/2025, 14:32:22 BST`| ||`Signing page opened by signee frances@warnerwilde.co.uk.`| |`System`|`19/08/2025, 14:33:48 BST`| ||`Signee frances@warnerwilde.co.uk signed document.`| |`System`|`19/08/2025, 14:33:51 BST`| ||`Notification sent to getintouch@elizabethsanders.co.uk.`| |`System`|`19/08/2025, 15:53:04 BST`| ||`Signing page opened by signee getintouch@elizabethsanders.co.uk.`| |`System`|`19/08/2025, 15:53:10 BST`| ||`Signing page opened by signee getintouch@elizabethsanders.co.uk.`| |`System`|`20/08/2025, 08:16:48 BST`| ||`Signing page opened by signee getintouch@elizabethsanders.co.uk.`| |`System`|`20/08/2025, 08:19:42 BST`| ||`Signee getintouch@elizabethsanders.co.uk signed document.`| |`System`|`20/08/2025, 08:19:42 BST`| ||`Signing process completed.`| ## **`Summary`** **`Envelope's ID: Document's hash:`** ## **`Final stamp:`** `c7bmhkjd` `d43040c05eec9a6ffe69d775d6e9b8b692036b580276fb8ca3d3a1cddcdace2e 20/08/2025, 08:19:43 BST` **----- Start of picture text -----**
Verification QR Code
**----- End of picture text -----**