rinancial statements J]sjiiiy a Dit-t-erLIILt'. LuL;Ill)' J.t.d (ia collipiony ]iinitcd bj" guaJ.-antcc) For the year ended 30 Jun• 2024 Makinoa Difference Locally 4•4tsmbet 1113 li 11111111 ADi4PJ25N 1910212025 COMPANIES HOUSE A03
178
Company No. 06502266
Making a Difference Locally Ltd Financial statements for the year ended 30 June 2024 Legal and Administrative Information Company registration number 06502266 Registered charity number 1123800 Principal and r•g•st•r•d offic• WaIdo Way NoImanby Enterprise Park scunth0C DN15 9GE Trusteos K Marsden V Aston M K Glsby DHBatty T S HdC$e-H D J LuckAn (appointed 23 May 2024) M S Soh21 (appointed 25 July 2024) J McNeill (iesigned 9 July 2024) M Aslam (resigned I I September 2024) V J Lockie (tesigned 23 May 2024) K Clarkson (appointed 19 Novembet 2024) (resigned 19 November 2024) Secretary C Sells Bankers Bardays Bartk plc Sheffield and Rotherham Group Leicester LE87 2BB Audltor Azets Audit Services Limited Triune Court Monks Cross Drive York Y032 9GZ Solicitors Wrjgley's Sokncitois LLP 3d Floor 3 Wellington Pl%cc, Leeds, LSI 4AP
Making a Dlff•r•ne• Locally Ltd Financial statements for the year endèd 30 Jun• 2024 Contents to the fmancial Statements Report of the Trustees..................................... Independent auditor's report. . Consolidated statemenl of financial actlvltles............................... 12 Balanc•sh•ots.............................. 13 Consolldated Statoment ol cash flows. 14 Notes to the financlal statements... 15
Makin9 a Difference Locally Ltd Financial statement5 for the year ended 30 Junè 2024 Report of the Trustees The trustees pleased to piesent theAr annual report together with the consob'dated financial statements of the charity and its sub5ithary Eoi the year ended 30 June 2024, which are also prepared to meet the requirements for % dllectoIs' iepott and xccounts foi Companies Act PuOse$. The fanCIal statements comply with the chltieS Act 2011, the Companies Act 2006, the Articles of Association. and Accouniing and Reporting by ChltieS. Statement of Recommended Practice applicable to charities pIeparing their accounts in accordance with the Financ Repoiting Stthdard applicable in the UK and the repUbC of Ireland (FRS102). The Legal And Administrative Inforn)ation on page I forn15 Part of this report. Structurey governance and management Constitution Makmg a Difference Locally Ltd CMADL,, 'the company, or 'the chality? 15 both a company (Re8iStued in Eng]and & Wale5 numbu 06502266) and a I¥stued chariry (Restered in England & Wales number 1123800). The Governing document is the Memorandum and Articles of Association (Amended 10 January 2013). MADL is a company limited by 8uarantee, the b'ablliry of each member being limited to £1. Public Ben•fll Stat•m•nt We pIovide PUbC benefit through making donations to local chatities and good causes. When reviewing the aims and objective5 of the charity, and in planning fiJture activities, the trustees have complied with the duty in Section 4 of the Charities Aci 2011 to have due regard to pubb'c benefit guidance published by the Chariry Commission and operate with the recommended pIactice set out in the Charity Governance Code. Trusto•s and manag•m•nl The tNstees of the charitable company are its directors for the purposes of company law. The ttustees and offAcers serving durAng the year and since the year end were as follow5.' Trustees and directors.. K Marsden V Aston M K Gisby DHBatry T S Hdca$de-Hill D J Luckin (Appointed 23 May 2024) M S Sohai (appointed 25 July 2024) J McNteiU (ieswied 9 July 2024) M Aslam (resigned I I September 2024) V J Lockie (reswied 23 May 2024) K CIAIkson (appointed 19 November 2024) (ieswied 19 November 2024) Secretary: C Sellers The Boaid is subject to Iotation and dection by the members. The trustees responsible for the operation of the company including the raising of funds 2nd approving donations to charities and good causes nominated by Nisa retailets and employees. The trustees are appointed for 3 year perAods. Training is provided (o ensure the Board comply with ststutory and other IequiIement5 applj'cable to tharities and seek to follow best pzactice.
Moklng a Differente Lo¢ally Ltd Financlal stalements for thg year •nd•d 30 Jun• 2024 Report of the Trustees Objectives and activities The company was Incooi9t¢d on 12 Febwary 2008 with the objectives to suppoit charitable puOse$ approved by the Board. The princip21 aim of the company is to mvest in building stronger Ioc21 communities by makmg donations to local charities and good causes. It seeks to brAng communities togethei where everyone has equal access to good health and wellbeing, education, employment, good food and nutrition, shelter and security so that in the end we have been a catalyst for sustainable change and can leave a lasong legacy. Achievement8 and p•rformane• The ChIty'S mxin focus cofttinues to be supporting srnaller. Itonal chanties and community causes where donations ate more measurable and Ampactfijl and to help Nisa retailets donate fijnds ro good causes within their local communiries. The strate8y for achieving this has been founded upon securing donations through Nisa. The company via its trading subs'ary continues to rgise sigmficant sums which WAll support the chariry in the forthcoming year. Amounts received An 2023/24 totalled £1,387,710 small deuease of £12,640 / -0.90/0 (2022/23.. £1.4(K),350). The charity's primary funder, Nisa Retail LAmited mlintained sllnilar turnover and own label performance despite thfficult market conditions. Other SOUTce5 of income have been sought including clothing banks, collection boxes and Supplier donatsons these collectively totalled £74,085 (2022/23) £69,547) The Eocu5 continues to be encour3gin8 Nisa retailers to engage with their local communitses and use thelt store's fund balances. The nurnbu of Nisa reuilers who donated money for the first rime WAS 315 donaung £127,009 (2022/23 332 ietailets donating £137,033). In the curient year a toral of 87 donations excttdAll8 £1,000 were madc to charitses and community groups. 2cros$ the UK In totaL 1,836 inth'vidual don2ti0ns were made totalling £l.012,136 beiag donated to small charities and good causes in the rerailers, local communities, with donations rgiftg in value from £4.86p to £30.000 (2022/23.. Total donations £1,034.713) Funding Nisg RetaJ is the prllfA2ry fundet of the chaxiry. all products included in the Co-op And Helltage own-labd ranges carry a 0.60/0 donation to the chatity. Plans for future periods The chariry plans to continue the actsvitie5 Outlined above in the foIthcomin8 years. Fundraising Section 162a of the ChltieS Act 2011 Iequire5 charitie5 to make a Statement regarding d[alS1ng activAties. The legislauon defines fundraising as "solicAting or otherwise pIoCUr8 money or other property for charitable purposes" The charlty couects cash donations from the general pubhc maudy via collectson iins left on illl poirtts, however th'is makes up a sigfllficantly small pIoportion of income. Given the natute of the Eunding of the chlty the trustees consider that it remains opproptiate not to be voluntarily bound to be iegulated by the Fundraising Regulator. The chlty has received no complaints in rdation to fundraising activity for the year under review.
Maklng a 0Sff•renc• Locally Ltd Financial statements lor the year ended 30 June 2024 Report of the Trustees Donation Making Policy and Procedure Retailers supplied by Nisa non)inare charities or good causes &om theix local communities to Ieceive donations. The Charity administrative team verifies the chartty 01 good cause to ensute it meets the requirements of the Chlty, then pass the request to the Board of TDJ5tees who approve or dede the donation, based on the aims of the Company. The admintratiVe team then processes the donation to the chatity or good cause. In addition, donations are made to two other groups; charities nominated by Nisa employee5 and re&onal communiry cause5 and ch2nties deterniined by the Board of Trustees. The significant activities are the making of donations in line with the objectives of the charity to approved ChleS and good causes. The donation making P0CleS are set out above. Reserves policy The trustees propose to mairttain Ieserves in otdeE to safeguatd the activities of the chlty for 2 period of time in the event that donations fall or Cease. The reserves allow the charity to coniinue to operate whde seeking Eurther fundm& w.Ch will help to safeguard the interests of benefAciarAes. The charity maintain reserves at a levd wknch 15 approximately one year's eslimated operational expenth'rute. Operatin8 Costs Art 2023/24 were £256,501 (2022/23.. £266,817). Free reserves as at the year end amounted to £784,767 (2022/23.. £604,836). Thi5 indudes i fed £240,000 allocated to urtr¢5trirted funds in the current year to COV one year's worth of estimated operating costs. Flnancial review The ChItable group had a ner surplus of £119,073 (2022/23.. £98,820). Reserves have increased mainly du¢ to kngher conttibutions Eiom Nisa driven by Own Labd performance and inllatiOTh, with donattons to charities remaining at around the same levd. The target for D]re years is to donate more to local causes than is taised thtough contributiofts, until the teseNes tepieseni one yeAt's %dmiAisttAtion costs in 94dvance plus an amount representsng approximately 3-6 months of 2ccrued COrne restricted for the Retsdeis, nominations. Administration costs have AneaSed over the year, matsJy as 8 result of additional resource 8 change to marketing expendArwe funding. Pay pollcy for senior staff The chanty does not employ any staff. however the chariry is administered by colleagues employed by NAsa Retail. The Chlty h2S 2 Manager and three Executive Assistants who work for the chanty with their salary cost recharged in its entsrety by Nisa Retail. In addition, four other individuals work in pt for the chariry and in part foi Nis8 Retail. A pIoportion of their 54Jary cosL based on actual lime spent, is ch8¢d by Nisa Retail to the chlty on an acNal cost basis. The I¢chsed 5alaties are based on actual costs and time allocated to MADL, pay awards are infiationary. Risk management The board reviews annually the mattria] fmancial and non-fmanciai rlsks facing the charity and, on a rolling cyde basis, reviews the effecuveness of the risk management process and the resowces that our buSesS devotes to them. As a grant making charity with no employees, the key risk to the charity is the receipt of donations. Should donations falL the charity can vary the levd OE grants it award5.
Making a Dlfferènc• Locally Ltd Flnancial statements lor the year ended 30 June 2024 Report of the Trustees Golng concern At the time of appIovu)g the financi ststements. the Trustees have a reasonable expectation that the charitable 0UP has adequate resources to contiJ)ue m operation21 existence fox the Eoresee2ble future and not less than one year from the date of approval. The Ttustees are constantly monAtoring the fanCIal posltion of the group. The group has no borrowings and operate¥ as a yant maker, a5 sud] the current economic dimate is not expected to we nse to 2 mat121 uncertainry in reg2rd to going concern. Trustees, responsibllltles statement The trustees (who are s0 director5 of Making a Difference ItAllY Ltd foi the purposes of company law) are responsible Eoi preparing the Trustees. Annual Report and the fancial statements in accordance WAth apph'cable law #nd Iegulations. Company law requtres the trustees to prepare faftal statements fot each fmancial year. Under that law the trustees have elected to prepare the fanCIal statements in accordance with United Kingdom Generally Accepted Accounting Practice (United KBdoM Accounung Standards and applicable law). Under company law the Twstees must not approve the finanaal statements unless they are SatiSfd that they ve a true and fair VAew of the state of affgirs of the charitable company, the group and of the income aod expenditure, of the charitable group foi that perAod. In prepatin8 these [anCIal statements, the ttustees are required to: select Suitable accounting policies and then apply them consistently, observe the methods and prAnciples In the Charities SORP, make judgements and accounting estimates that are teasonable and prudent. stste whether applicable UK accountmg standards have been followed, subject to any mat121 deparrure5 disdosed and explained in the [anCIal statements" prepare the financial statements on the goin8 concern basis unless it is inappropriate to presume that the group will continue An business. The trustees are responsible foi keeping adequate accounting records that aie sufficient to show and explain the charitable 0up'S transactions and disdose with reasonable accuracy at any time the financial position of the group and enable them to ensure that the financial statements comply the Companies Act 2006. They are also responsible for safeguarding the assets of the chatitable group and hence foi takmg reasonable sreps for the Prevention and detection of Eraud and other irregularities. The rrus(ee5 are Iesponsible Eot the maintenance and integriry of the COoIte and fAnancd information induded on the chaiitsble group's website. Legislation in the United Kingdom governing the preparJuon and dissemination of fmanctsl st2tements may thffer from l¥slation in other jurisdtions.
Making a Difference Locally Ltd Financial statement5 ftsr the year ended 30 June 2024 Report of the Trustees Statement of dlsclosure to our auditors In so far as the trustees Are iwAre At the tune of approving our trustees, annual Ieport. there is no tdev2nt infornthtion, being inforn)ation nttded by the auditoi In co[¢¢tiOn with prepating their repott. of wluch the group's auth'ror 15 un2ware; and the trnstees, having made enquities of fellow trnstees 2nd the group's authtor that they have e2ch tAken all steps that he/she is obliged to take Hs a trustee in order to make themselves aware of any relevant xuth"r intorn)auon and to estabbsh that thc auLlitoi is aware of that infotmation. Audltors The authtor, Azets Audit Senrices Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006. In prePing this report, the Trustees have taken advantage of the small companies exemptions pmvided by section 415A of the Companies Act 26. The Trustees, Report was approved by the Board OE Ttustees on . 1210212025 ..and swied on its behalf by: M Gisby Diteclor and Trustee
Making a Difference Locally Ltd Fin•nclal st•t•m¢nls lor tho y•ar Qnded 30 June 2024 Independent auditor's report to the members and trustees of Making a Difference Locally Ltd Opitiion We have audited the Ffftancial statements ol Making a DAfference CallY Ltd (the "parent charity") and its subsidwy (the "group,) for the year ended 30 June 2024 which comprise the consobdated statement of financi81 activities, the consoh'dated and charAty ba1ce sheets, the cons0dted statement of cash flows and the relatcd notes to the fmancia] statements. including sigrnficant accounting po]Joes. The fmjanc repoIting fr3mework thY4t has been apph.ed m their prepxratson is applicable IAW and United KingdorrA Accounting StsndaIds, t]urtg FAnancial Reporfing Standaid 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kmgdom Generally Accep¢ed Accountm8 Practice). In our opinion. the fancIal statements: ve a true and faii view of the state of the group's and parent chIry'S 2ffairs as at 30 June 2024 nd of its income and expenditure for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accountin8 Ptactice. have been prepared in accordance WAth the requirements of the Companies Act 2006. Ba818 for opinion We conducted our 8udit in 2ccord#nce with Internatiort Standards on Auditing (UK) QSAS (UIQ) and apph'cable law. Our responsibleS under those srandards are £ther described in the Au&tor's responsibltieS for the au&t of the financial statements section of our report. We are independent of the harity An accoidAnce with the ethicAI requirements that rdcvant to our auth't of the financial statements in the UK includAng the FRC'S Ethical Startd2rd 2nd we hive fu]fed our other ethi'c9J responsibiknties Jn accordance with these iequirements. We believe that the audA( evidence we have obtained is sufficient and appropriate to PlOVAde a basis for ow opinion. Conclusions relatlng to going concern In auditing the fthmciaj statements, we have concluded that the TNstees' use of the going concern basis of
ccounring in the pr¢patation of the fanal statements AS appIopIiate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, inthvidually oi collectively, may cast sigmficant doubt on the group or parent chaiAty' ability to continue as a going COncn lor a period OE at least twdve months Erom when the fll)ancJal statements are authotised for ASSUe. Our responsibl.e5 and the responsibilities OE the tNsttts with respect to going concern are described in the Ielevant sections of this repott. Other inforniatioo The twstee5 are responsible fot the other information. The other inforn)ation comprises the information included in the annual Ieport othei than the fllianciAI stAtements And our Auditor's ieport thereon. Our opinion on the fanCIal statements does not cover the othtt E0trOll md, except to the extent otherwise expkn'citly 5ta*d in our Iepo¢ we do not expIess any forni ol assurance conduslon thereon.
Moking a tsifferen¢e Locally Ltd Finanebal statements lor the year ended 30 June 2024 Independent iuditot's report to the membets and trustees of Making a Difference Locally Ltd In connection with our audit of the financi statements. our iesponsibiliry is to zead the other inEoImauon and, m doing so, consider whether the other infomiation is materially inconsistent with the finJJ)c statement5 or our lu)owledge obtained in the audit or otherwise appears to be materially mAS5tated. Jf we identify such material inconsAStencies or appatent material misstatements. we required to deterniine whethei there is a material misstatement in the fmancial statements or a matuial misstatement of the other infomiation. If, based on the work ive have performed, we conclude that there is a ma(eriRI misstAtement of thts othu inEonnattOlI, we required to report th2r fact. Vc have nothing to report An thi's regard. Opinion8 on othet marter8 pte6cribed by the Companie8 Act 2006 In out opinion, based on the work undertaken in the course OE the audit: the informauon Ven in the tsteeS, report (incorporating the directors, ieport) for the fAnancAal year for wkn'ch the fancIal ststements are prepared is consisrent with the fancial statements. and the trusrees, repott (incorporating the dectorS, teport) has been prepared in accordance with applicable legal iequiIements. Matters on which we ate required to report by exception In the light of the knowledge 2nd understandmg of the group and the parent charity and its environment obtAAned in the cose of the Rudit, wc have not idcntified materiAI misstatemcnts in the Tru5tees' Annual Report. We have nothing to report in respect of the following marters in rdation to which the Companies Act 2006 requires us to repoit to you if, in OUK OPAAiOn'. adquate accounting records have not been kept by the group ot parent charity ot tetums adequate for ow audit have not been Ieceived from branches not Vi51ted by us. the parent chatiry's fArtancA21 statements are not in agreement with the #ccounting recotds and cert%in disclosutes of trustees, temuneration speciFied by law not mAde' we have not obtained all the infomiation and explanations necessary for the putposes of our audit. or the trustees were not entided ro prepare the fmanaal statements in accordance ryth the small companies regime and take advantage of the small compArties' exemptions in pteparing the trustees, report and from the Iequirement to prepare a Strate¢ report. Responsibilities of the trustees for the financlal siatements A5 explained more fiY in the twstees. responsibilities statemenr within the Trustees, Repor¢ the tStee5 (who are also the directors of the Ch1tble company for the purposes of company law) are responsible for the piepatation of the fm2ncial statements and fot being satisfied that they &ve a twe and fait view, and for such intema] control as they deteitnine is necessary to enable the prepatation of financAal statements that are free from materi9J misstatemenE whether due to ftaud or ettor.
Making a Difference Locally Ltd Financlal statements for the year •nded 30 June 2024 10 Independent auditor's repott to the members 2nd trustees of M2king a Difference Locally Ltd lft ptepxiitig the fAnCl statements, the trustees ¢ responsible for assessing the group's and the p2rent charity's ability to continue a5 a going concein, dAsclosinE, as app]icable, matters related to going conceEn and using the going concern basis of accounting unless the trustees either intend to 'quidate the group oz the parent charity OI to cease operations, or have no reahstic alternative but to do so. Our responsibilities fot ¢he audit of the financial statements Our objectives are to obtain reasonable assurance about whether the fmancial statements 85 8 whole ate fIee Erom marerial misstatement. whether due to fraud ot error. Ind to issue an auditor's ieport thar includes our opinion. Reasonable assurance AS a hlgh levd of assurance, but is not a guarantee th2t an audit conducted in 2ccordance with ISAS (UK) will alway5 detect a material misstatement when it exists. Misstatements can arise from fraud oi error gnd considered material Af, inth'vidually or in the aggregate, they could reasonably be expected to influence the economic deasiorts of users taken on the basis of these financial ststements. A further description of our Iesponsibliities for the audit of the fmancAal statements is located on the FAnancial Reportfftg Council's website at., www.frc.or8.uk/au&torsiesportSAbib'ties. This description fonns part of our auditor's TepoIt. Extent lo whlch the audit wa6 considered capable of Idendfylng Irregularities, includiog fraud IrIegvlarities. includmg ftaud, are instances of non-comph'ance with laws and regulations. We design procedures in line with our responsAbllities, oUtIed above and on the Fin%ncial Reporting Council's website, to detect matenal misstatements in respect of irIegulan'ties, induding fraud. We obt8in and update our understanding of the entiry, Its activities, its control ¢nrorImeTrt, and likely re devdopments. indUdS in Ieliuon to the legal and tegulatory fIamework app]Jcable and how the entity is complying with that framework. Based on this understandin& we identsfy and assess the risks of mAteiial misstatement of the finanaal statements, whether due to Eraud or error, design and perfom] audit procedures zesponsive to those risks. and obtain audit evidence that is sufflcicnt and appropriate to provide a basis for our opinion. This includes cortsidttation of the risk of acts by the entity that were contrary to appbcable laws and regulations, inCludg fraud. In response to the risk of irtegulatities and non-comp]iance with laws and regulations, includ8 &aud, we designed pIocedures wknch included.. Enquiry of management and those charged with governgnce around actt]al and potential litigation and claims as well as actuaL suspected and alleged fraud. Rewewing mmutes of meetings of those charged with 8overnance' Assessing the extent of compliance with the laws ind regulations considered to have a direct material effect on the finanaal stAtements Ot the operations of the group through enquiry and inspection. Reviewing fmanaal statement disclosures 2nd testing to supporting documentation to assess comphance applitable laws and regulations; Performing audit work over the risk OE management bias and override of controls, including testing of journal entties and other adjustments lor appropriateness, evaluating the business rationale of 5i8nificant transactions outside the norni21 course of business and ieviewing accounting eslimates fot indicators of potential bias. Performing audit work over die timing and recognition of income and in particular whether At has been recoIded in the cOe¢t accounting period.
Making a Difference Lo¢•lly Ltd Financial statements for the year Qnded 30 June 2024 Independent auditor's report to the members and trustees of Making a Difference Locally Ltd Because of the Inhent lim'itations of an there is a risk that we will not detect aJJ irregUlldeS, induding those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions Ieflected in the fmancAal statements, as we will be less lthely to become aware of instances of non-complCe. The tisk of not detecting a material misstatement resulting from fraud is higher than for one ie5ultin8 from error. as fraud may involve collusion, forgery, intenuonal omisslons, misrepiesentltsons, or the averride of internal control. U8e of our report Thi5 report is made solely to the chIty'S member5, as 2 bod}i in accordance with Chaptei 3 of Part 16 of the Companies Act 2006. Our auth't work has been undertaken so thar we might state to the chariry's members those matters we are iequAred to Sf2tt to them in an authtoi's report and For no other purpose. To the fullest extenr pemiitted by law. we do not accept or assume zesponsibihty to anyone Oth than the chAriry's members Is A body, for our audit work, for this report, or for the opinions we hAve forn]ed. 1310212025 Alan Sidebottom Senior Statulory Auditor Fot and on behalf of Azet8 Audit Seryices Limited Statutory Auditor Triune Court Motths Cross Drive York Y032 9GZ
Making a Diflerence Locally Ltd Fln•ncial statements lor the year ended 30 June 2024 12 Consolidated statement of fmancial activities (incorporating the income and expenditure account) De8ignated funds General funds Total fiJnd8 2024 Total funds 2023 Note Income from: Donations Investsnent income lJ56,364 3L346 lJ56J64 31J46 1,391,109 9,241 Total iticomc lJ87,710 lJ87,710 1,400,350 Expenditure on: Expenditure on charitable a¢tivitie8: GtAnrs AwAftled to.. - Retaaers. instirutions - Natioft21 Artstttutions - Local inSUonS 815,946 171,804 24,386 206,782 43,539 6,180 1,022,728 215,343 30,566 892,081 402,845 6,604 Total expenditure 1,012,136 256.501 1,268,637 1,301,530 Net income/(expendlture> fot the yeat before transfer$ 375,574 (256,501) 119,073 98,820 Ttfdnsfet between fund6 Net income/(expenditute) fot the yeat and net movement in funds (256,501) 119.073 256,501 119,073 98,820 Reconciliadots of fund8 Total funds biought forward Total ndS cattied forwatd 1,253,262 L372,335 2AO,000 0,000 1,493,262 L612J35 1.394,442 1,493,262 The statement of financial acuvities includes all gains and lo$$es recognised in the yeu. All income and expenditure 15 duived from coniinuing activities. The statement of fin2nual activities also complies with the requirements foi an income and expenditure account undet the ComPanS Act 2006. A llY detailed Statement of Finartcial Activities for the year ended 30 June 2023 is shown at note 13.
Making • Differefv¢e Locally Ltd Flnan¢lal st•tements lor th• year ended 30 June 2024 13 Balance sheets Group 20 Company 2024 Gtoup 20 Company 2011 Fixed assets Investments io io Current a88et8 DcbtoIs Cash at bank 237,277 1,534 521 ZIO,700 1409 343 290,867 221.923 1373 745 1299,047 L77L798 (159,463) 1.640,043 1,664,612 1,520,970 (27,718) (171,350) (27,718) Creditors: amounts falling due wlthin one eat Net cuttent a88et8 1,612,335 L612,335 1,493,262 1,493,262 Total assets less current liabilities 1.612a35 L612,335 1,493,262 1.493.262 Funds Designated funds General 6Jnds lJ72J35 2AO,000 lJ72J35 1,253,262 1,253,262 2AO,000 240,000 240,(KIO Tolal nd6 1612 335 1612 35 1493,262 1493,262 The notes on pages 15 - 23 foIm part of these fjnancial statements. The fthanciaj statement5 have been piepared in accordance with the piovisions ipplicable to Small ompgnie5 Subject to the Small companie5 Iegtin These fAnfincial statements wete apptoved by the Trustees on their behalf by: 1210212025 . and are signed on M Gisby DArector and Trustee Company Registration Number: 06502266
Making ¥ Difference Locally Lld Flnanci•l st•tem¢nts lor Ihe year ended 30 June 2024 14 Consolidated statement of cashflow Nore 2024 2023 Net cash used In opcratirtg activitie8 li 129,430 (388) Cash flow& from investing activitie8: Interest received Net cash rovided b 9,241 9,241 inve8tin activities 31J46 Change in ¢A8h and ca6b equivalents in the year Ca8b and cA8b equivalent8 at the bcganning of the year 160,776 lJ73,745 8,853 lJ64,892 Cash and ca6b e uivalent8 at the end of the car L534,521 1,373,745
Maklng a Dlff•r•n¢• Locally Ltd Fln•ncl•l sl•t•m•nt• for the y•ar •nd•d 30 Jun• 2024 Reglstored number. 06502266 15 Notes to the fmancial statements Accounting policies The principal accounting poliaes adopted. judgements and key sources of estimation uncertainty in the pIeparation of the fmancial statements are as follows.. Company infomiation Making a Difference Locally Limited ("MADL') AS a company limited by guarantee registr24ti0n number 06502266. The gu2r#rttors are the trustees named on page l. The Liabth"ry in respect of this guarantee, As set out in the memorandum, is litnited to £1 per member. The Company is #Iso a charity Itstered WAth the Chariry CommissAon in England and Wales. ReStratiOn Number 1123800. Accountlng convenllon Thc fmoncial 5tatunent5 have been pIepared on a going concem basis in accoIdance with Accounting and Reporting by Charities.. Statement of Recommended Practice appkn'cable to charAties prepating their accounts in accordance wlth the FinanciAI Repotting Standard applicable in the UK and Republic of Ireland (FRS 102) (Chanties SORP (FRS 102)), the Companies Act 2006 and the Charittes Act 2011. MADL meets the defltion of a pub]AC benefit entity undei FRS 102. Assets and 'abltieS ate initially recogmsed at cost or ttansaction value unless otherwise Stated in the relevant accounting pob'cy notes. The fmancial statements are prepared in sterling, which is the functional currency of the 8roup. Monetary amounts in these fjnancial statemenis Ate rounded to the neatest £1. On the grounds that the ch¥itable company's Iesults aKe consobdated into the ch2tttable company's group accounts the charitable company has taken advantage of certain exemptions conferred by section 1.1 l of FRS 102 as follows.. Exemption from piesenring a ChItable company statement of cash flows as a ptimary statement to the fmancial statements. Going concern At the time of approving the finanaal statements, the Trustee5 have a reasonable expecraoon tha¢ the charitable group has adequate res0CeS to continue in operational existence for the foreseeable future and not less than one Ye from the date of approval. The Trustees Are constandy monitoring the £anual position of the group. The group has no borrowm8s and opuate5 as a grant maker. as such the current economic dimate is not expected to we tise to a materiAI uncertainry in regard to going concern. Group financial statements The fwanclal stacements consob'date the results of the chAriry and its wholly owned subsidiary Makg A DiEfeten¢e IA)cally (Marketing) Ltd on a line by Jine basis. The summarised profit and loss account for the subsidiary 15 shown in note 5. A separate Statement of Financial Activities, induding the Ancome and expenditure accounE for the chariry Atsdf is not presented because the chArity has taken advantage of the exempuons offered by section 408 of the Companies Act 2006. The Voss income of the d]arAty was £1,177.208 (2023.. £1,206,577) and the net sutplus was £119,073 (2023.. £98,820).
Making a Dlfferenc• Locally Ltd Flnan¢lal ¥tal•ment$ for th• y••T •nd•d 30 Jun• 2024 R•glst•r•d rtymb•r. 06502206 16 Notes to the fmancial statements Accounting Polices (Contlnuedp Fund accounting General fimds available for use at the discretion of the trustees in furtherance of the geneial objectives of the charity. DestgnAted funds Are unrestticted funds held to be applied by rhe trustees An Jxne with the wishes of retailers suppb'ed b), Nisa Retall or the Head office staff of Nis2 as set out in the notes to the fmancial statements. Incom• Income Ancludes the total ttceivable during the period from grants, sponsorship, donations, grft Aid and other income. Gift Aid is recognised on the same basxs #s donAtions. The chlty receives aid each year from Making a Difference Locally (Maiketin&) Ltd, under the provisions related to Gitt Aid As at the point there is a le8al obb'gauon or it ts physically settjed in cash. Investrnent income AS iecognised on a receivable basis. Expendlture Chatitable expenditure comprises of grants made to nominated chatAttes or good causes, as well as nation charitses and those charities rtominated by the staff of N# Retail or Retle[ Supermarkets w.Ch are made in furtherance of the chaxitable objectives of the charity. The Charity applies a 8Tant making pob'cy to the Above charitable expenth'njre, which Iequires members to submAt an applicatson for i yant to be pald. Applicaiions are subject to a revAeW process and require approval from the Board of Trustees before being Assued. The grants must be made to causes that are compliant with the Charity's core values, considered to be local to the membet, and not for purposes that are unlawful oi p£ohibited by the Boatd of Trustees. Support costs allocated to ChItable expendAfure comprise all costs relating to'the runnin8 and administration of the charity, these costs indude legal and audit fees. All expenditure is accounted fot on an accruals basis and ha5 been dassified under headings th2t aggregare all costs related to the cate80ry. Investments Investtnents in subsidiaries are stated at cost and the TrLlStees review the cattying value annually for indication5 of impairmenL Flnanclal instruments The gioup h85 elected (o ipply the provisions of Section I l %SIC Financial Instruments. and Section 12 'OtheI FanC Instruments Jssue5' OE FKS 102 to all of its fanc instruments. Cash at bank and in hand Cash at bank and cash in hand indudes cash 2nd short tetm highly liquid investments with a short maturiry hdd for workll)g CaPAtaL Bank ovetdrlfts ate shown within borrowing in cwIent ltsbAhues.
Maklng a Diff•r•n¢• Locally Lld Fln•n¢lal st•l•m•nts for Ih• y••v •nd•d 30 Jun• 2024 R•gist•r•d numbor. 06502266 Notes to the fmancial statements Accountin9 Polices (Continued) Debtors Trade and other debtoIs are recognised at the settlement amount due aft any trade discount offered. Prepayments are valued At the amount prepaid. Financial assets, other (han those held at fair value through profit and loss. arc assessed for indicatots of impairment it each reporting end dare. Financial assets arc impaired where there is objective evidence that, Is a result of one or mote events that occutred after the initial recognition olthe [ancial asse4 the e51im3ted future cosh flows have been affected. The unpairment loss is reco8nised in the income And expenditure account. Creditors, loans and provisions Creditors, loans and provAsions are recognised whete the youp has a ptesent obh'gation resultxng ftom A past event that will probably result in the transfu of funds to a third party and the amount due to settle the obligation can be meiswed or estimated reliably. Ctethtors, loans and pIovisions nonnally recognised at their settlement amount after allowAng fot any trade thscounts due. FAnancial liabiliues are only derecognised when, and on]y when. the group's OblOnS ate dischArged. cancdled ot they expire. Amounts Iecognised as provisions ate best estimate5 of the con5idei4tion requiied to setde the present obkn'gation at the repoming end date, taking into account the risks and unceItainties Surrounding the obbgation. Taxation M2kin8 a Difference Locally Limited 13 a registered chuiry and as such is a charity within the meaning of schedule 6 of the Finance Act 2010. Accoidingly, the patent chatitable company AS Potenttally enttded to tax exernption under part I l of the Corporatson Tax Act 2010 or section 256 of the Taxation of Chargeable Gain5 Act 1992 in Iespect of income and 8ains arislng. The trading subsidiary AS bable to corporation tax on theAr chargeable profits. Cuttent tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substsntially enieted at the bartee sheet date. As all profit5 arising the subsidiary are payable to the parent charitablc company under a deed of covenant and will be PAid WAthin 9 months of the year end, no cotporation tLX tharge lseS. Crltlcal accountlng estlmates and Judgements In the application of the group's accounting pobcies, the trustees iequired to make judgements, estimate5 and assumptions about the carrying amounc of assets and liabibues that are not readily apparent from other soutces. The estimates and assocAated assutnptions are based on lll'storical expctience 8nd other factors that are considered to be ielevant. ActUAI results may differ Irom these estimates. The estimates and Und]YIng assumptions reviewed on an ongoing basis. Revisions to accounting estimates are recognised An the period An wlll'ch the estimate AS revised. if the reSlon affects only that peIiod, or in the period of the revision and fut¢ periods if the revision affects both current and futUTe. The Tw5tee5 con5idu that theie are no assumpuons which have a 5ignific*n¢ risk of causing a material adjustment to the carrying amount of assets and lbltieS recogmsed An the ba]ance sheet as at 30 June 2024.
Maklng a Dlff•r•n¢• Lo¢ally Lld Flnanclal •tat•th•nts for th• y••r •nd•d 30 Jun• 2024 Ro91st•red number. 06502266 Notes to the Fancial statements Expenditure on charitable activity YeY4t ended 30 June 2024: Direct costs Support costs 2024 Grants awarded to.. Retails. nominated inStitiOnS National instiNtions tA)cal institutions 815,946 17L804 24,386 206,782 43,539 6,180 1,022,728 215,343 30,566 Total cost L012,136 256,501 1268,637 Year ended 30 June 2021: Direct cost8 Suppott CO8t8 2025 GrAntS AWArded to.. Retiilers nominated stitUtionS National InstiOnS Local instirutions 709,202 320.261 5.250 182,879 82,584 54 892,081 402,845 6,604 Total c08t 1,034.713 266,817 IJOl,530 Direct costs of ChItable activity Iepre5ents a total 1,836 (2023.. 1,882) grants awarded totalling £1,012,136 (2023: £1,034,713) which have been piid from desAgnated 6Jnds. Owing to the nature of the organisations to which grants and awards Are made they vary in size with modest grants makmg a very meaningfid (b'fference to these local and communiry causes. Grants are paid to causes across the charitable objects of good health and wellbell, education, employment, good food and rtuttltioft, shelteI Aod security, Support costs totalljng £256,501 (2023.. £266.817) rdate to general unrestsicted expenth'¢ute and are repoIted as unrestricted expenditure For transparency. Gtant8 to In6t1on8 ovet £10,000 2024 2023 Royal National Lifeboat Institution Rapid Relief Team Jempsons Foundation Duke of Edinburgh Togethet Eor Short Lives Fareshate South West London Communiry kn'tcheft 21,951 19,098 12,499 11,935 11.691 10,250 56,233
Maklng a Difference Lo¢ally Ltd Flnanclal slal•m•nls for th• year •nd•d 30 Jun• 2024 Roglst•r•d Dumber 06502266 Notes to the fmancial statements Expenditure on charltable activity (contlnued) Analy818 of Support C08t8 2024 2023 NISA administtation costs Governance costs Advertising costs Other expenses Bank char es 222,092 18,610 3,661 12,138 171,584 18,553 66.445 10,314 79 Total support CO8t8 256.501 266,817 Govetnance costs included within support costs include fees payable to the audi¢oI as detailed in note 3. Net income for the year is stated after charging: 2024 2023 Authtor's remunerauon - autht of the financial statements - othet services 13,300 4,625 12,500 4,325 employ••8 No trustees received any remuneration, benefits, or out of pocket expenses from the group for the performance of theAr duties during the year undei ieview (2023.. No TStee$ . Thue were no employees of the charitable group during the year. Support costs include an administration and adverusing rechatge of £189,610 (2023: £243,078) of wkndi £189,055 (2023.. £163.020) Idates to Techged staff costs. Flxed asset Investments Company 2024 2023 Subsidi undertakin io 10 The parent chariry owns the entire issued oIdinary share capAtal of Makg a DAffetence Locally (Marketin Ltd, a company registered in England and Wales, whose piinapal activity is the taising of funds to Ajrther the aims of its parent undertakthg, Makg a Difference Locally Ltd.
M•klng • Ollf•Y•nc• Loeally Ltd Flnanclal 8latom•nl• lor th• y••r •nd•d 30 Jun• 2024 Reglste*•d number. 06502266 20 Notes to the fmancial statements Fixed asset investments (continued) The result of the Company's trading actsvities through irs subsidiary undertaking is detailed below. 2024 2011 Turnover 1282,279 1.321,562 Expenditure for the year {210,502) (193,773) Profit fot the financial yeat DistrAbution to ptAt chariry under aid Retained ptofit 1,071,777 1,127,789 (L07L777) (1,127,789) Reconciliation of tetaitied eamings Share capital Total zetained earnings brough( forward Total tetained earnings cattied forward Total equity and reserve8 io io io io The aggregate of the assets, ]iabihtie$ and fund$ was: 2024 20 Assets Liabilities 360,455 (360,445) 350,565 (350,555) Fund8 io io D•btors Group 20 Company Group Company 2024 2023 2023 Trade debtots Other debtors Amounts owed from subsidw undertaking Total debtots 135,034 102243 1000 158,867 132,000 15,000 228,700 206,923 290 867 221,923
Maklng a Dlfl•vence Locally Ltd FIMncl•l •t•t•m•nt• for lh• y•av •nd•d Yi Jun• 2024 Reglstered numb•r. 06502266 21 Notes to the fmancial statements Credltors: amounts falling due within one year Group Company 2024 2024 Group 20 Company 2011 Othcr creditors 159,463 27,718 171,350 27,718 Total eteditots 159,463 27,718 171,350 27,718 Statern•nt of funds For the yeat ended 30 June 2024 Balance at l July 2023 Income Expenditure Ttan8fer Balance at 30 June 2024 Group Funds: Designated funds Unre5tr1Cted funds 1,253,262 240,000 1,387,710 (1,012,136) (256,501) (256,501) 256,501 lJ71335 240,000 Total ndS 1,493,262 1,387,710 (1,268,637) 1,612J35 Designated Funds - These ndS relate to donations committed to ietailers supph'ed by Nisa. DIng the year. a transfer of £256,501 (2023.. £266,817) was recogSed to ensure that sufficient funds are allocated to cover administtauve costs An the following fmancial year. Fot the yeat ended 30 June 2023 Balan¢e ai l July 2022 Balance at 30 June 2023 Income Expendire Tran8fet Gtoup Funds: Deslgnated funds Unrestsicted funds 1,154,442 240,000 1,400,350 (1,034,713) (266,817) (266.817) 266,817 1253262 240,000 Tot*1 thnd6 1,394,442 1,400,350 (1,301,530) 1,493,262
Maklng • Dlff•r•n¢• L•c*lly Ltd FlnanclT41 slal•ments for the year ended 30 June 2024 Reglsternd numb•r: 06502266 22 Notes to the fancIal statements Analysis of net assets between funds For the yeat ended 30 June 2024 Net current assets Total 2024 Group Designated funds Unrestricted funds 1,372,335 240,000 1.372.335 240,000 Total Grou Funds L612J35 1,612,335 For the year ended 30 June 2023 Net current a$8ei8 Total 2011 Group Designated funds UnrestrACted funds 1,253,262 240,000 1,253.262 240,000 Total Gtou Fund8 1,493,262 1493 262 10 Related party transactions Income of £1,289.30] (2023.. £1,320,231) was collected by Nisa Retail Limited and transfetted to Making a Ditference Locally Ltd via its subsi&'ary Making a Difference Locally (marketg} Ltd. In adthtion £189,610 (2023.. £243,078) of administration and advertismg costs were originauy incutred by Nisa Retail Limited, then iecharged ro Making a Diffetence Locally (Matketing) Ltd. As at the year end, an amount of £235,277 (2023: £275,867) was owed from NIS8 Retad Llmited. As at the year end, Making a DiEEerence Locally Limited had a debtoi balance owed from Mxkin8 2 Difference Locally (MaIketin&) LAmited amounting to £228,700 (2023: £206,923). Andrew Barber, one of the Trnstees untd Match 2023, was the CEO of the Hey Smile Foundation. Duting the prior year, grant awards of £850 wue made ro the Hey Smde Foundation. The Trustees consider themselves to be key management peisonnel. Reconciliation of not movement in funds to net cash flow from opeiating activities 2024 20 Net movement in fillid5 119,073 98,820 Adjus¢metsts for: Interest teceived Inctease/(Decre2se) in debtors ncrease /Decie&se in creditors Net cish used in operatsn8 activities (31,346) 53,590 (9,241) (185.867) 129,430 (388)
Maklng • Dlfferone• Locally Ltd Flnaficlal statem•nts lor the year end•d 30 2024 Register rtumljw. 06502266 23 Notes to the fanCIal statements 12 Analysis of changes in nel debt The group had no debt during the cuttent or previous year. 13 Comparat•ve Statement of F•nane•al Actlvilies Consolldated Statement of Ifinanelal Aetlvltl•8 (Includlng Incom• and Expondltura Account) for the year ended 30 June 2023 Designated fund8 Genetal fund$ Total futsds 2023 Income from: Donations IJ9L109 9,241 IJ91,109 9,241 Invesrrnent income Total income 1,400,350 1,400J50 Exp•ndltur• on: ExpeodAture on charitable activities: GrAnts AWArded to.. - Ret2ilers' inststutions - Natsonal institutions - Local institutson 709,202 320,261 5,250 182,879 82,584 lJ54 892,081 402,845 6,604 Total expenditure 1,034,7 266,817 IJOl,$30 Net Ancome/(expenditute) for the year before ttansfers 365,637 (266,817) 98,820 Transfet between fund$ Net income for the year and net movement in tsd8 266,817 266,817 98,820 98.820 Recottciliation of ndS Total fiind5 brought fotward Toial ndS cattied fotwatd L154,442 L253,262 240,000 240,000 lJ94,442 L493.262