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Trustees' Annual Report for the period
Period start date Period end date Day Month Year Day Month Year From 1[ST] January 2023 To 31[ST] December 2023
Section A Reference and administration details
Charity name DAISYCHAIN BENEVOLENT FUND TRUST
Other names charity is known by
Registered charity number (if any) 1127100 Charity's principal address 10A COLLEGE GREEN WORCESTER Postcode WR1 2LH ~~———~~ Names of the charity trustees who manage the charity Dates acted if not for whole Name of person (or body) entitled to Trustee name Office (if any) year appoint trustee (if any) 1GREGORY ROWE CHAIR 2JONATHAN MOORE SECRETARY 3DAVINA ROBERTS 4[ELIZABETH ] HAWKETT ~~se~~ Names of the trustees for the charity, if any, (for example, any custodian trustees) ~~———————~~ Name Dates acted if not for whole year Names and addresses of advisers (Optional information) Type of adviser Name Address BANK CO-OPERATIVE PO Box 250 SKELMERSDALE WN8 6WT BANK PLC LEGAL BUSINESSLEGAL 9 HOLGRAVE CLOSE, KNUTSFORD, CHESHIRE WA16 LTD 6TX Name of chief executive or names of senior staff members (Optional information) ~~SesS=~~ TAR 1 April 2017
Section B Structure, governance and management
Description of the charity’s trusts
Type of governing document
TRUST DEED, ADOPTED 17[TH] OCTOBER 2008
- (eg. trust deed, constitution)
How the charity is constituted
TRUST
- (eg. trust, association, company)
Trustee selection methods
APPOINTED BY THE EXISITNG TRUSTEES
- (eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
-
policies and procedures adopted for the induction and training of trustees;
-
the charity’s organisational structure and any wider network with which the charity works;
THERE IS A CHILD AND VULNERABLE ADULT PROTECTION POLICY IN PLACE.
IT IS OUR POLICY THAT ALL TRUSTEES SUCCESSFULLY COMPLETE AN APPLICATION FORM, FORMAL INTERVIEW AND SIGNS A DECLARATION PRIOR TO COMMENCEMENT.
ALL TRUSTEES GIVE THEIR TIME VOLUNTARY AND RECEIVE NO RENUMERATION OR OTHER BENEFITS
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relationship with any related parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
Section C Objectives and activities
Summary of the objects of the charity set out in its governing document
THE RELIEF OF SICKNESS AND THE PRESERVATION OF HEALTH AMONG PEOPLE RESIDING PERMANENTLY OR TEMPORARILY IN THE UNITED KINGDOM AND TO MAKE DONATIONS TO SUCH CHARITABLE TRUSTS, FOUNDATIONS, INSTITUTIONS, OR OTHER ORGANISATIONS IN THE UNITED KINGDOM FOR SUCH CHARITABLE PURPOSES AT SUCH TIME OR TIMES AND IN SUCH MANNER AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FIT.
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Section C Objectives and activities
IN PLANNING OUR ACTIVITIES FOR THE YEAR THE TRUST KEPT IN MIND THE CHARITY COMMISSION’S GUIDANCE ON PUBLIC BENEFIT AT OUR TRUSTEE MEETINGS.
THE FOCUS OF OUR ACTIVITY REMAINS THE ALLOCATION AND PROVISION OF FUNDS RECEIVED.
THE MAJORITY OF THE FUNDS ARE THE PROCEEDS FROM THE TRADING ACTIVITIES OF DAISYCHAIN BENEVOLENT FUND LTD AND ITS SHOPS. THESE FUNDS ARE TO BE AWARDED BY THE TRUST AS GRANTS TO OUR NOMINATED CAUSES, FOR GENERAL AND SPECIFIC PROJECTS.
Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
THE GRANT FOR 2023 HAVE BEEN PROVISIONALLY AWARDED TO THE NOMINATED CAUSES,
Teenage Cancer Trust Charity, West Midlands. and
The Children’s Wards at
The Derbyshire Children's Hospital at the Derbyshire Royal Hospital The Children's Ward at the Queens Hospital, Burton on Trent The Battledown Children's Ward at the Cheltenham General The Riverbank Children's Ward at Worcestershire Royal Hospital The Children's Ward at Hereford County Hospital The Cheethams Children's Ward at the Royal Stoke University Hospital.
ALL OF THESE ORGANISATIONS FULFILL THE OBJECTIVES OF THE TRUST
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Section C Objectives and activities
THE TRUST GRANT MAKING POLICY IS TO CONSIDER ONLY
ORGANISATIONS AND CHARITIES THAT ARE LOCAL TO EXISTING SITES OF DAISYCHAIN BENEVOLENT FUND SHOPS AND THAT DO NOT HAVE A WELL ESTABLISHED IN HOUSE RETAIL OPERATION OR COMMERCIAL CLOTHING ACTIVITY.
You may choose to include further statements, where relevant, about:
THE TRUSTEES ARE EXTREMELY GRATEFUL FOR THE LARGE NUMBER OF VOLUNTEERS AT DBF LTD THAT HAVE HELPED BOTH THE SHOPS AND CENTRAL OFFICE.
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
Section D Achievements and performance
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Section C Objectives and activities
Summary of the main achievements of the charity during the year
THIS YEAR THE TRUST AND SUPPORTING ORGANISATIONS CONTINUED TO EXPERIENCE SOME REMAINING ISSUES DUE TO THE COVID-19 PANDEMIC AND NOW ADDITIONALLY THE COST OF LIVING CRISIS.
AS SUCH WE WERE UNABLE TO ISSUE SOME GRANT FUNDS TO NOMINATED CAUSES DUE TO DELAYS TO THEIR APPLICATION SYSTEMS. HOWEVER WE WERE PLEASED TO BE ABLE TO ALLOCATE MANY OF THE OUTSTANDING GRANTS.
IT WAS ONCE AGAIN AGREED TO HOLD ANY UNALLOCATED GRANT FUNDS UNTIL THE NOMINATED CAUSES CONCLUDED THEIR APPLICATION PROCESS.
THIS YEAR WE WERE ABLE TO ISSUE GRANT FUNDS TO THE NOMINATED CAUSES IN THE FOLLOWING PROPORTION.
-
Teenage Cancer Trust Charity, West Midlands. £100,944
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The Derbyshire Children's Hospital £34,680
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The Queens Hospital, Burton on Trent £12,829
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Cheltenham General Hospital £14,291
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The Cheethams Children's Ward at the RSUH. £20,278
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Worcestershire Royal Hospital (Children’s Depts). £39,040
TOTAL GRANT FUNDS AWARDED THIS YEAR EQUALS £222,062
GRANTS HELD UNTIL NOMINATED CAUSE COMPLETES APPLICATION PROCESS.
- The Children's Ward at Hereford County Hospital £7,781
THESE GRANT AWARDS IN PART REFLECT THE LOCAL SUPPORT ACHIEVED BY THE SHOPS IN RELATION TO THE ACTIVITY OF THE NOMINATED CAUSE IN THAT AREA.
THE GRANTS HAVE BEEN USED TO BUY VITAL MEDICAL EQUIPMENT, TRAINING OF SPECIALIST NURSING STAFF, WARD DEVELOPMENT AND SERVICE DEVELOPMENT IN THE COMMUNITY.
THE TRUSTEES AGREED TO CONTINUE TO WORK TO SUPPORT BOTH THE VOLUNTEERS AND DAISYCHAIN BENEVOLENT FUND LTD THROUGHOUT THE ONGOING ECONOMIC SITUATION, WHEREVER POSSIBLE. IT IS NOTED THAT THE RETAIL SECTOR IS BEING SEVERLY EFFECTED GOING INTO 2024.
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Section E Financial review
THE TRUST HAS NO POLICY OF HOLDING SIGNIFICANT RESERVES Brief statement of the charity’s AT THIS STAGE policy on reserves Details of any funds materially NOT APPLICABLE in deficit Further financial review details (Optional information) OUR MAIN SOURCE OF INCOME HAS BEEN BY THE ANNUAL DONATION You may choose to include FROM DAISYCHAIN BENEVOLENT FUND LTD. A NOT-FOR-PROFIT additional information, where COMMUNITY FUNDING ORGANISATION REGISTERED IN ENGLAND AND relevant about: WALES NUMBER AS A LIMITED COMPANY NUMBER 4311438. the charity’s principal sources WE RELY ON DAISYCHAIN BENEVOLENT FUND LTD ANNUAL DONATION of funds (including any AND THANK THEM FOR THEIR CONTINUING SUPPORT. fundraising); how expenditure has supported the key objectives of the charity; ~~a~~ Section F Other optional information FUTURE PLANS. AS PREVIOUSLY MENTIONED THIS YEAR THE TRUSTS FUNDING SOURCE AND NOMINATED ORGANISATIONS HAVE EXPERIENCED ISSUES DUE TO THE ONGOING COST OF LIVING CRISIS. WE WERE ALSO UNABLE TO ISSUE SOME GRANT FUNDS DUE TO DISRUPTION TO THEIR APPLICATION SYSTEMS. THE TRUST WILL THEREFORE AIM TO ISSUE THESE, ALONG WITH FUTURE GRANTS IN 2024.THE TRUST WILL CONTINUE, WHEREEVER POSSIBLE, TO SUPPORT OUR NOMINATED CAUSES. Teenage Cancer Trust Charity, West Midlands. The Derbyshire Children's Hospital at the Royal Derby Hospital The Children's Ward at the Queens Hospital, Burton on Trent The Battledown Children's Ward at the Cheltenham General The Riverbank Children's Ward at Worcestershire Royal Hospital The Children's Ward at Hereford County Hospital. The Cheetham Children's Ward at the Royal Stoke University Hospital. IN ADDITION THE BOARD HAVE AGREED THE NEED TO DEVELOP PUBLIC AWARENESS OF THE TRUST THROUGH A WEBSITE AND FUNDRAISING EVENTS. Section G Declaration ~~—~~ The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees Signature(s) Full name(s) GREGORY ROWE
Position (eg Secretary, Chair, etc)[CHAIRMAN ]
Date 15/08/2024
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TAR April 2017
DAISYcN BEtr4EVOLENT FUND TRUST Receipts and payments accounts CC16a For th• p•rfjod from To 1siJ4nu4 2023 1st Oec•nber202 Sectioii A Receipts and paymeiits Unre•trtct•d fund• R••trl¢t•(I fund• Endowm•nt fund• Tot41 fund Lut ymr t•lh• n•Jmtf to th n•thit t toth• n•ar•#t£ toth• Mor•tt A1 R•e•l ts GRANTS AND DONATIONS 171171 lo2.¢) BANK INTEREST B1 FIMRC XTIS855 OIFT MID 20.567 OTHER 792 792 Sub tot•1 201171 20J,17Q 202.449 A2 A•••t •nd Inv••kn•nt ••l••, rot•l Y•c•lpt8 20¥,1 103,17¢ 102.449 A3 Paym•nts UHNM NHS TRUST 20,270 J2,617 rEEKAGE CANCER TFIU8T 1Tr),W 101.194 ERBY & BURTON ROYAL HOSPITALS 47,109 47 10,811 HEREFORO HQSPITAL 17.7Jl WORCESTER HQSPIT GLOUCESTERSHIRE NHS FOUNDATION TRLIST 142•1 14 2J,I &4NK CHARGES Sub total 222,012 236,121 A4 A••t And Inv•¥tm•nt pureh*••8, •tc. Total WYm$S 272.061 221.003 2JS.627 N•t of r•c•lptWfp•ym•nt4) AB Trnn•hrn Ij•twfi tund• 18.404 33,170 A6 C••h lund• last year •nd Cash funds th1$ yur •nd 28,12J 28.123 61,301 9.239 28.123 CCXX R1 accounts ISSI 1yoe12024
Section B Statement of assets and liabilities at the end of the period Unrestricted Restrlcted funds fund8 Endowmertt fund8 Catggor1•5 Deiails lo n•arnst£ to nHT•Ot £ to noar•st É B1 Cash funds CASH AT 8MK Total cash fun 9.240 Unmtrlcted fund• to noarnt£ RIrtct9d fund• Endowment funds to nparwt£ Detalls NONE to Fund to whlch as••t o¥¢{opt4on•l} ¢uwrnntval Details 140NE Fund to wh1¢ owjt bolon Currfjnt vBlu• Detslls NONE Cwtlopu¥n•i} 84 As8•t8 ret•ln•d for th• ¢harlty'8 own u8• Fund to whleh r£lats *Jntsunt du• OMI duo ion•1 Detslls P40NE B5 Li•bllltlo• Signed by one or trust886 on bthaff of all the tru8t•68 Print Name Date of roval Signature Gregory R OYOgQ023 CXX R2 a¢¢ounts Issi 1510812024 Mi Tti Ole )1gbL
Independent examiner's report on the accounts Section A Independent ExaMineS Report Report to the trusteesl members of DAISYCHAIN BENEVOLENT FUND TRUST Charity no lif any} On accounts for the year ended 31ST DECEMBER 2023 1127100 Set out on pagos TWO PAGES Respective responsibilitiesThe charity's trustees are responsible for the preparation of the accounts. The of trustees and examinercharity's trustees consider that an audit is not required for Ihis year under section 4312) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed. It is my responsibility lo: examine the accounts under section 43 of the 1993 Act. to follow the procedures laid down in the gener81 Directions given by the Charity Commission (under section 4317}Ibl of the 1993 Act, and to state whether particular matters have come to my attention. Basis of independentmy examinalion was carried out in accordance with general Directions given oxaminer's statementby the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those CordS. It also includes consideration of any unusual items or disclosures in the ac¢ounts, and seeking explanations from the trustees concerning any such matters. The procedures undert8ken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent examiner'sln connection with my examination, no matter has come to my attention (other statementthan that disclosed below ') 1. which gives me reasonable cause to believe that in, any material respect. the requirements.. to keep accounting records in accordance with section 41 of the 1993 Act,. and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Ad have not been met ,' or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the br8ckets rfthey do not apply. Signed: Date: Name: Relevant professional qualification(s) or body {if any): Iq71( Addre8S: Jr( IER April 2009
Section B Disclosure Only complete if the examiner needs to highlight material problems. Give here brief detalls of any items that the examiner wlshes to discloso. IER April 2009