Registered number: 07512600 Charity number: 1140148
## **Daisy Inclusive UK**
**INDEPENDENTLY EXAMINED ACCOUNTS FOR THE YEAR ENDED 28/02/2024**
## **Prepared By:**
Harvey Guinan LLP Chartered Certified Accountants Unit 17 Mersey House Matchworks Estate, 140 Speke Road Liverpool Merseyside L19 2PH
## **Daisy Inclusive UK**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 28/02/2024**
## **TRUSTEES**
Elaine Drew (resigned 1 December 2023) Adele Dunne (resigned 1 December 2023) Sharon McTigue (appointed 8 January 2024) Jordyn Layfield (resigned 31 August 2024) Michelle Taylor (resigned 6 February 2024) Michelle Walker Ella Houston (resigned 7 June 2024) Steven Garney (resigned 6 June 2024) James Bullock (appointed 19 December 2023) Dassos Peterson (appointed 19 December 2023, resigned 27 September 2024)
## **SECRETARY**
Eva Eelen
## **REGISTERED OFFICE**
Daisy Nucleus Academy 2, Barnes Street, Everton Liverpool Merseyside L6 5LB
## **COMPANY NUMBER**
07512600
**CHARITY NUMBER** 1140148
## **BANKERS**
HSBC, 525 Prescot Road, Old Swan, Liverpool L13 5UU
page 1
## **Daisy Inclusive UK**
## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 28/02/2024**
## **INDEPENDENT EXAMINER - Julie Guinan FCCA**
Harvey Guinan LLP Chartered Certified Accountants Unit 17 Mersey House Matchworks Estate, 140 Speke Road Liverpool Merseyside L19 2PH
page 2
## **Daisy Inclusive UK**
## **ACCOUNTS FOR THE YEAR ENDED 28/02/2024**
## **CONTENTS**
||Page|
|---|---|
|Trustees' Report|4|
|Independent Examiners Statement|9|
|Consoldiated Statement Of Financial Activities|11|
|Balance Sheet|12|
|Notes To The Accounts|13|
|sofa Incoming Resources|27|
|sofa Resources Expended|29|
page 3
**Daisy Inclusive UK**
## **FOR THE YEAR ENDED 28/02/2024**
## **TRUSTEES' REPORT**
The trustees present their report and accounts for the year ended 28/02/2024
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association 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 2022)
## **PRINCIPAL ACTIVITIES**
The principal activity of the charity in the year under review was to promote the independence of disabled people for the public benefit .
The charity's objects are specifically restricted to the following: To promote the independence of disabled people for the public benefit in particular, but not exclusively, their independent living and social inclusion by: promoting and running activities that foster a greater understanding of disability; working to eliminate all forms of discrimination on the grounds of disability; advancing the education of disabled people and society in general through support advice and guidance; promoting social inclusion and the integration of disabled people through provision of and access to sport and recreational activities for their benefit; and promoting social inclusion and the integration of disabled people through access to employment.
## **STRUCTURE GOVERNANCE AND MANAGEMENT**
Daisy Inclusive UK is a company limited by guarantee governed by its Memorandum and Articles of Association dated 1 February 2011. It is registered as a charity with the Charity Commission.
The Board and management have developed an organisational structure and plan identifying policy and practices to deliver the aims and objectives of the charity. The Board meet with employees in attendance to evaluate the organisation and plan.
## **TRUSTEES**
The names of the present trustees, all of whom held office during the year, are shown on page 1.
Key management personnel: Chief Executive David Kelly
No remuneration is paid to any trustee for their services as a trustee and no trustee had a material interest in any of the charity's contracts.
There are no related party transactions other than those reported in the accounts.
## **TRUSTEES RESPONSIBILITIES**
page 4
## **Daisy Inclusive UK**
## **FOR THE YEAR ENDED 28/02/2024**
## **TRUSTEES' REPORT**
The Charity Trustees (who are also the directors of Daisy Inclusive UK for the purposes of company law) are responsible for preparing the annual report and the financial statements in accordance with applicable law and United kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the charity trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources including the income and expenditure for that period. In preparing the financial statements the trustees are required to:
• select suitable accounting policies and then apply them consistently;
• observe the methods and principles in the charities SORP;
• make judgments and estimates that are reasonable and prudent;
• state whether applicable UK accounting standards have been followed subject to any material departures disclosed and explained in the financial statements;
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **PAY POLICY OF SENIOR STAFF**
The pay of senior staff reflects the skills and experience required and current rates in the sector.
## **INDUCTION TRAINING TRUSTEES**
Trustees are selected based upon their professional skills to complement those of the existing trustees or replace those of retiring trustees. Current trustees bring appropriate skills and experience. All are committed to disability awareness. Induction involves attending trustees' meetings prior to appointment, meeting the other trustees and receiving copies of policies, business plans and accounts. Training needs are continually assessed and implemented as required
## **OUR VOLUNTEERS**
page 5
**Daisy Inclusive UK**
## **FOR THE YEAR ENDED 28/02/2024**
## **TRUSTEES' REPORT**
The Charity is very involved in the local community and receives voluntary help with fund raising and running events for which we thank our friends for their loyal support and service.
## **RISK MANAGEMENT**
The charity is reviewing the strategy, systems and procedures to mitigate those risks to which it is exposed and ensure that these are designed to minimise potential impact should they materialise. The risk of shortfalls of revenue funding and other income has been given serious consideration by the Board and management in order to plan for a sustainable entity.
## **ACHIEVEMENTS AND PERFORMANCE**
Our main focuses this year have been:
• Enhancing our support, due to the increased needs of our disabled and vulnerable beneficiaries, many of whom are still suffering from the long-term effects of Covid including depression, anxiety and fear of going out. This has been compounded by the cost of living crisis, resulting in many families struggling to put food on the table. Our healthy cooking on a budget included sessions on money management, helping people to prepare healthy, affordable meals. This was complemented by our Inclusive Sports, helping people to develop lifelong healthy lifestyles. Our counselling service provided essential support to beneficiaries and their families. Our community events continued to bring the disabled and vulnerable people in our community together including Inclusive Sports Tournaments, Daisy Summerfest, Open Mic Night, Daisy Dinner in the Dark and our Charity Awards Night, celebrating our beneficiaries and volunteers. Two particular highlights were our MIST Games (Merseyside Inclusive Sports Tournament) which was attended by Government Minister Stuart Andrew and National Lottery CEO, David Knott, as well as our first ever Daisy Residential in Dearne Valley, Doncaster, the first time many of our disabled beneficiaries had stayed away from home. Our Daisy Choir continues to go from strength to strength.
• Working on our Business Plan, strengthening a range of diverse funding streams to reduce our future reliance on funding grants. We have seen an increase in Direct Payments, while our trading arm continues to grow, from our Community Kitchen, Daisy Stall and Daisy Disability One Stop Shop, which also enhances our Advice and Guidance. We continued to build our training arm back up following Covid. While the majority of our award- winning Disability Awareness Training was delivered face to face, lessons learned during Covid enable us to deliver training remotely, increasing our reach.
• Strengthening the Board of Trustees. We welcomed 2 new trustees to the board, adding further skills and experience.
## **DISABILITY CONFIDENT**
Disability Confident is a government scheme designed to help organisations gain the benefits from employing people with disabilities, helping them reach their true potential. There are three levels of Disability Confident. Daisy Inclusive UK is the highest level, a Disability Confident Leader. As such we are committed to recruiting and retaining disabled employees offering:
page 6
**Daisy Inclusive UK**
## **FOR THE YEAR ENDED 28/02/2024**
## **TRUSTEES' REPORT**
- Guaranteed interviews to disabled people who meet minimum job requirements.
- A person-centred approach, recognising that everyone is different, tuning in to each individual.
- Disability Awareness Training for all staff.
- Regular team meetings and 1-2-1's ensuring free-flowing communication throughout the charity.
- A forum where people can discuss any issues.
As a Disability Confident Leader we also encourage and support other organisations to become disability confident:
- Disability Awareness Training to education establishments, businesses and individuals.
- Disability Business Confidence Quality Mark.
- Supporting organisations on their journey to becoming Disability Confident.
## **FINANCIAL REVIEW**
The statement of financial activities is on page 12. Total incoming resources were £592,154 (2023 £452,378) and total outgoing resources were £493,420 (2023 £515,616) giving rise to net incoming resources of £98,734 (2023 net outgoing resources £63,238) for the year. There were net incoming resources on the unrestricted fund of £29,409 and net incoming resources of £69,325 on the restricted funds. Total funds at 28 February 2024 were £263,365 in surplus (2023 £164,631) comprising unrestricted funds of £98,570 (2023 £69,161) and restricted funds of £164,795 (2023 £95,470).
Unrestricted funds of £98,570 are made up of £78,570 general funds and £20,000 designated by the trustess for activity and development to further enhance the services to young people with disabilities and their families as described in the notes to the accounts.
During 2023-24 the Charity continued to follow its new business plan which has successfully widened its fundraising activity designed to create resilience.
## **RESERVES POLICY**
The charity is run on a not for profit basis, but for prudent management the Board would ideally wish to establish a level of free revenue reserves sufficient to cover 3 months' staff costs and overheads which at current levels would be in the region of £120,000 to guard against contingencies or reduced fundraising opportunities. At 28 February 2024 the level of free reserves (being those funds not tied up in fixed assets designated or restricted funds) was £72,139. The Trustees and management have prepared business plans the objective of which is to provide for adequate cash flows and funds and to manage the day to day operations within the current level of resources. Income generation is an ongoing activity for sustainability and progress has been made in establishing positive reserves but the charity continually monitors achievement against the plan to meet its objectives. The Charity has successfully increased its general fund in 20232024 by £29,409. The Charity is grateful for the support of key funders. The Trustees plan to build a reserve sufficient to support the activity of the Charity and develop a sustainable Charity.
page 7
## **Daisy Inclusive UK**
## **FOR THE YEAR ENDED 28/02/2024**
## **TRUSTEES' REPORT**
## **FUTURE PLANS**
We look forward to a positive 2024/2025, when we aim to increase the numbers using our services through continuing to inspire and promote inclusion through sport, social engagement, education and pre-employability.
We will continue to put in place opportunities identified through our Business Plan, bringing in additional revenue. We aim for every strand of the Daisy Chain to be self-sufficient.
Fundraising
We have greatly expanded our fundraising outreach to widen our sources of income that support and develop our activities. Conclusion
We have strongly built upon our business plan, bringing in significant grant funding and enhancing additional income streams. It is our aim to increase self-generated income. We continue to implement the capacity building measures identified through the business plan and whilst we have made significant progress, we anticipate further developments in income sources and activity. We look forward to developing our Charity with the generous support of our funders to whom we are very grateful.
## **INDEPENDENT EXAMINER**
The independent examiner Julie Guinan FCCA, on behalf of Harvey Guinan LLP, has indicated her willingness to remain in office and a resolution will be proposed for her re-appointment at the forthcoming annual general meeting.
## **DELIVER PUBLIC BENEFIT**
We have referred to the guidance contained in the charity commission's general guidance on public benefit when reviewing our aims and objectives and in planning future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. Our main activities are inclusive and accessible thereby providing public benefit.
The report was approved by the board of trustees on 19/12/2024 and was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006..
Michelle Walker
Trustee
page 8
**Daisy Inclusive UK**
## **INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF DAISY INCLUSIVE UK**
## **FOR THE YEAR ENDED 28/02/2024**
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER**
I report on the accounts of the charity for the year ended 28/02/2024 , which are set out herein.
As the charity's trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
## **BASIS OF INDEPENDENT EXAMINERS REPORT**
Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
## **INDEPENDENT EXAMINERS STATEMENT**
The company's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA.
I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:
- accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
- the accounts do not accord with such records; or
• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the Charities SORP FRS102.
I have no concerns and have come across no other matters, other than that disclosed below, in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
The matter of concern that has come to my attention in the course of my independent examination of the charity's accounts is that the charity and its trustees are working with the Charity Commission relating to matters of governance, management, administration and policies.
Independent Examiner: Julie Guinan FCCA
page 9
## **Daisy Inclusive UK**
## **INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF DAISY INCLUSIVE UK**
## **FOR THE YEAR ENDED 28/02/2024**
Harvey Guinan, Chartered Certified Accountants, Unit 17 Mersey House, The Matchworks Estate, 140 Speke Road, Liverpool, Merseyside, L19 2PH
Date: 19/12/2024
page 10
**Daisy Inclusive UK**
## **Statement of Financial Activities for the year ended 28/02/2024**
|**Income**
Income from generated funds
Other trading activities
Income from Investments
Income from charitable activities
**Total Income**
**Expenses**
Costs of generating funds
Expenditure on Charitable activities
**Total Expenses**
**Net Income**
**Net movement in funds:**
**Net income for the year**
Total funds brought forward
**Net funds carried forward**|**Unrestricted**
**funds**
**£**
26,493
571
136,361
**163,425**
134,016
**134,016**
**29,409**
**29,409**
69,161
**98,570**|**Restricted**
**funds**
**£**
-
-
428,729
**428,729**
359,404
**359,404**
**69,325**
**69,325**
95,470
**164,795**|**2024**
**Total**
**£**
26,493
571
565,090
**592,154**
493,420
**493,420**
**98,734**
**98,734**
164,631
**263,365**|_2023_
_Total_
_£_
_8,117_
_104_
_444,157_|
|---|---|---|---|---|
|||||_452,378_|
|||||_515,616_|
|||||_515,616_|
|||||_(63,238)_|
|||||_(63,238)_
_227,869_|
|||||_164,631_|
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
page 11
## **Daisy Inclusive UK**
|**BALANCE SHEET AT 28/02/2024**
**Notes**
**FIXED ASSETS**
Tangible assets
4
**CURRENT ASSETS**
Debtors (amounts falling due within one year)
5
Cash at bank and in hand
**CREDITORS: Amounts falling due within one year**
6
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS: Amounts falling due after more than one year**
7
**NET ASSETS**
**RESERVES**
**Unrestricted funds**
**9**
General fund
Designated funds
**Restricted funds**
**10**|43,144
218,813
261,957
60,654|**2024**
**£**
69,608
201,303
270,911
7,546
263,365
78,570
20,000
**164,795**
263,365|_12,080_
_149,184_
_161,264_
_62,065_|_2023_
_£_
_76,057_
_99,199_|
|---|---|---|---|---|
|||||_175,256_
_10,625_|
|||||_164,631_|
|||||_49,161_
_20,000_
_95,470_|
|||||_164,631_|
For the year ending 28/02/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
## **Approved by the board of trustees on 19/12/2024 and signed on their behalf by**
.............................
Michelle Walker Trustee
page 12
**Daisy Inclusive UK**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 28/02/2024**
## **1. ACCOUNTING POLICIES**
## **1a. Basis Of Accounting**
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **1b. Incoming Resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **1c. Resources Expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **1d. Allocation And Apportionment Of Costs**
All costs relate to the single activity of the charitable company and are recognised accordingly.
## **1e. Fund Accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
page 13
## **Daisy Inclusive UK**
## **1f. Depreciation**
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery straight line 10% Commercial Vehicles straight line 25% Fixtures and Fittings straight line 20% Equipment straight line 20%
## **1g. Pension Costs**
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
## **1h. Turnover**
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. The charity is not registered for value added tax.
## **1i. Leasing Commitments**
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.
page 14
**Daisy Inclusive UK**
## **1j. Policy On Leasing Commitments**
Rentals payable under operating leases are charged to the income and expenditure account on a straight-line basis over the term of the lease.
Incentives received to enter into a lease agreement are recognised in the profit and loss account over the shorter of the lease term and the period to the next lease review.
## **1k. Policy For Financial Instruments**
The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Incentives received to enter into a lease agreement are recognised in the profit and loss account over the shorter of the lease term and the period to the next lease review.
## **1l. Policy For Debtors**
Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid after taking account of any discount due.
## **1m. Policy For Cash At Bank And In Hand**
Cash at the bank and in hand includes cash and short term liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1n. Policy For Creditors And Provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement value amount after allowing for any discount due.
## **1o. Policy For Interest Receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
page 15
**Daisy Inclusive UK**
## **1p. Policy For Going Concern**
At the year end the unrestricted funds are in surplus by £98,570. The Charity has developed a Business Plan including a Fund Raising Strategy to maximise income from its resources and minimise cost. Based upon the successful outcome of Fund Raising, Business Plans and Budgets 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 accounts. In making this decision the Trustees have considered a period of at least 12 months from the date these accounts are authorised for issue.
## **1q. Policy For Income Recognition**
Items of income are recognised and included in the accounts when all of the following are met: (1) The charity has entitlement to the funds; (2) Any performance conditions attached to the income have been met or are fully within the control of the charity; (3) There is sufficient certainty that receipt of the income is considered probable and (4) The amount can be measured reliably.
## **2. DIRECTORS AND EMPLOYEES**
Particulars of employees (including directors) are shown below:
|Employee costs during the year amounted to:
Wages and salaries
Social security costs
Pension costs|**2024**
**£**
329,587
15,467
7,942
352,996|_2023_
_£_
_299,916_
_12,662_
_6,423_|
|---|---|---|
|||_319,001_|
The average monthly head count was 22 employees with full time equivalent staff of 16 being one Chief Executive, one Admin and Finance and 14 Project and Service Delivery staff.
The aggregate remuneration of key management personnel as listed in the Trustees' Report is £43,123, inclusive of pension contributions and employer national insurance contributions. There were no employees whose remuneration was £60,000 or more. No trustee received remuneration.
page 16
## **Daisy Inclusive UK**
## **3. PENSION CONTRIBUTIONS**
|**3. PENSION CONTRIBUTIONS**|||
|---|---|---|
|Pension contributions|**2024**
**£**
7,942
7,942|_2023_
_£_
_6,423_|
|||_6,423_|
## **4. TANGIBLE FIXED ASSETS**
|**Cost**
At 01/03/2023
Additions
At 28/02/2024
**Depreciation**
At 01/03/2023
For the year
At 28/02/2024
**Net Book Amounts**
At 28/02/2024
At 28/02/2023|**Plant and**
**Machinery**
**£**
89,462
-
89,462
23,293
8,947
32,240
57,222
66,169|**Commercial**
**Vehicles**
**£**
15,134
-
15,134
11,350
3,783
15,133
1
3,784|**Fixtures**
**and**
**Fittings**
**£**
55,709
11,812
67,521
51,558
5,997
57,555
9,966
4,151|**Equipment**
**£**
20,832
1,490
22,322
18,879
1,024
19,903
2,419
1,953|**Total**
**£**
181,137
13,302|
|---|---|---|---|---|---|
||||||194,439|
||||||105,080
19,751|
||||||124,831|
||||||69,608|
||||||76,057|
page 17
## **Daisy Inclusive UK**
|**5. DEBTORS**
Amounts falling due within one year:
Trade debtors
Other debtors
**6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts
Trade creditors
Taxation and social security
Other creditors
The loan is from Sporting Capital Limited.
**7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans and overdrafts
The loan is from Sporting Capital Limited.|**2024**
**£**
6,448
36,696
43,144
**2024**
**£**
7,500
6,424
22,353
24,377
60,654
**2024**
**£**
7,546
7,546|_2023_
_£_
_5,152_
_6,928_|
|---|---|---|
|||_12,080_|
|||_2023_
_£_
_7,500_
_7,622_
_19,440_
_27,503_|
|||_62,065_|
|||_2023_
_£_
_10,625_|
|||_10,625_|
||||
page 18
**Daisy Inclusive UK**
## **8. LIMITED BY GUARANTEE**
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £1, to the company should it be wound up. At 28/02/2024 there were 7 members.
## **9. UNRESTRICTED FUNDS**
|General fund
Designated Activity and Development Fund|**Brought**
**forward**
**£**
49,161
20,000
69,161|**Incoming**
**resources**
**£**
163,425
-
163,425|**Outgoing**
**resources**
**£**
(134,016)
-
(134,016)|**Transfers**
**£**
-
-
-|**Carried**
**forward**
**£**
78,570
20,000|
|---|---|---|---|---|---|
||||||98,570|
## **Designated Activity and Development Fund**
Funds set aside so that the charity can look forward and develop its services to young people with disabilities and their families, thereby continually enhancing and improving the personalised support to them and enriching young lives.
page 19
## **Daisy Inclusive UK**
## **10. RESTRICTED FUNDS**
|Merseyside Police Crime Commissioner
PH Holt Foundation
Virador Capital Grant
Merseyside Police Victim Services
LCVS - CEV Grant
Liverpool City Council Community Resource Unit
Awards for All Revenue Fund
ComMutual Community Initiative Fund Capital Grant
Eleanor Rathbone Charitable Trust
MYA You Project
Awards for All Capital Grant
Sport England Capital Grant
Ford Britain Trust
Sport England - Queen's Jubilee Grant
Gillian Stevenson Trust
Minibus Capital Fund
Community Foundation Revenue Fund
LCVS - Community Impact Fund
Small Capital Projects
Community Foundation for Lancashire & Merseyside - High Sheriff Capital
Fund
Access to Work
National Foundation for Youth Music
The Primary Club
National Lottery - Cost of Living fund
Workers Education Association
LCVS - The Skelton Charity Capital Grant
LJMU Foundation
LCVS - Liverpool Health and Wellbeing
Sport England Together Fund
Lloyds Bank Foundation
Holiday Activity Fund
Onward Homes
Sporting Assets - Cost of Living fund
Community Foundation - Breathe Better Air fund
Community Foundation - Million Hours fund
The Liverpool ONE Foundation
1892 Foundation
Clothworkers Foundation Capital Grant|**Brought**
**forward**
**£**
1,333
-
100
3,667
7,362
1,083
-
600
-
1,389
1,866
61,508
-
-
-
3,313
-
-
160
300
-
11,962
-
-
-
-
-
-
827
-
-
-
-
-
-
-
-
-
95,470|**Incoming**
**resources**
**£**
-
8,000
-
25,503
-
-
9,280
-
5,000
16,668
-
-
3,000
13,157
1,335
-
13,000
1,601
-
-
53,900
6,232
21,321
75,000
22,948
1,563
7,500
14,967
2,000
25,000
28,880
500
30,000
5,000
9,834
14,040
4,000
9,500
428,729|**Outgoing**
**resources**
**£**
(1,333)
(5,000)
(100)
(25,225)
(7,362)
(1,083)
(9,280)
(600)
(2,625)
(16,668)
(1,866)
(7,346)
(3,000)
(11,277)
(1,335)
(3,313)
(11,917)
(960)
(160)
(300)
(53,900)
(18,194)
(2,244)
(64,460)
(22,948)
(360)
(2,396)
(13,719)
(2,827)
(4,167)
(28,880)
(500)
(1,211)
(5,000)
(9,834)
(14,040)
(2,286)
(1,688)
(359,404)|**Transfers**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Carried**
**forward**
**£**
-
3,000
-
3,945
-
-
-
-
2,375
1,389
-
54,162
-
1,880
-
-
1,083
641
-
-
-
-
19,077
10,540
-
1,203
5,104
1,248
-
20,833
-
-
28,789
-
-
-
1,714
7,812|
|---|---|---|---|---|---|
||||||164,795|
**Merseyside Police Crime Commissioner**
page 20
**Daisy Inclusive UK**
Victims services grant.
## **PH Holt Foundation**
Funds for disability hate crime .
## **Virador Capital Grant**
Capital Funds for multi use games area.
## **Merseyside Police Victim Services**
Funds for supporting victims of Disability Hate Crime.
## **LCVS - CEV Grant**
Funds for salaries to support the clinically extremely vulnerable.
## **Liverpool City Council Community Resource Unit**
Funds for Youth and Play.
## **Awards for All Revenue Fund**
Funds for staffing, equipment and running costs for Sports Day and Talent Show event.
## **ComMutual Community Initiative Fund Capital Grant**
Capital Funds for multi use games area.
## **Eleanor Rathbone Charitable Trust**
Funds for development officer salary to deliver the Smile Project to young people.
## **MYA You Project**
Funds for Youth Opportunities Unlimited Project.
## **Awards for All Capital Grant**
Capital Funds for multi use games area.
## **Sport England Capital Grant**
Funds for sports track, canopy and groundworks.
## **Ford Britain Trust**
Funds for iPads and smart board.
## **Sport England - Queen's Jubilee Grant**
Funds to support core running costs.
## **Gillian Stevenson Trust**
Funds for consumable allotment equipment.
## **Minibus Capital Fund**
Funds for minibus from Sport England and Bruce Wake.
page 21
## **Daisy Inclusive UK**
## **Community Foundation Revenue Fund**
Funds for equipment and the Pause Project.
## **LCVS - Community Impact Fund**
Funds for the Striking the Right Note Project.
## **Small Capital Projects**
Capital Grant toward the Multi Use Games Area.
## **Community Foundation for Lancashire & Merseyside - High Sheriff Capital Fund**
Capital Funds for multi use games area.
## **Access to Work**
Funds for supporting people in work.
## **National Foundation for Youth Music**
Funds for musical activity with young people.
## **The Primary Club**
The James Fund for coaches salaries, volunteer costs and equipment to deliver the Viathlon project.
## **National Lottery - Cost of Living fund**
Funds for the delivery and expansion of activities and support of our people and community impacted by the rising cost of living.
## **Workers Education Association**
Funds for the Multiply programme to help adults improve numeracy skills.
## **LCVS - The Skelton Charity Capital Grant**
Funds for a new refrigerator.
## **LJMU Foundation**
Funds for social engagement officer salary.
## **LCVS - Liverpool Health and Wellbeing**
Funds for Self Motivation Inclusive Learning and Enrichment (SMILE) project.
## **Sport England Together Fund**
Funds for the delivery of 20 Visual Disability Awareness Through Sport workshops.
## **Lloyds Bank Foundation**
Funds to support core activities and costs.
## **Holiday Activity Fund**
page 22
**Daisy Inclusive UK**
Funds to provide activities for children in the school holidays.
## **Onward Homes**
Funds for support worker salary.
## **Sporting Assets - Cost of Living fund**
Funds for shop manager and support worker salaries.
## **Community Foundation - Breathe Better Air fund**
Funds to deliver the Clean Air Project.
## **Community Foundation - Million Hours fund**
Funds for play workers, sports coaches, crisis liaison and club leader salaries to deliver the Million Hours Project.
## **The Liverpool ONE Foundation**
Funds for health and wellbeing coordinator salary.
## **1892 Foundation**
Funds for advice and guidance officer salary.
## **Clothworkers Foundation Capital Grant**
Funds for refurbishment capital project.
## **11. RELATED PARTY TRANSACTIONS**
The spouse of the chief executive is employed by the charity and her annual salary is £23,116. Included in sundry debtors is a loan balance of £3,800 to the spouse of the chief executive being repaid by monthly instalments.
page 23
## **Daisy Inclusive UK**
## **12. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
||General|Designated|Restricted|Total|
|---|---|---|---|---|
||Fund|Fund|Funds|Funds|
|Tangible Fixed Assets|6,431|-|63,177|69,608|
|Net Current Assets|79,685|20,000|101,618|201,303|
|Creditors Due in More Than One Year|(7,546)|-|-|(7,546)|
||------------|------------|------------|------------|
||78,570|20,000|164,795|263,365|
||=======|=======|=======|=======|
## **13. INCOMING RESOURCES**
||**2024**|**2023**|
|---|---|---|
|MYA YOU Project Income|16,668|16,668|
|Access to Work|53,900|16,978|
|John Moores Foundation|7,500|-|
|Awards for All|9,280|-|
|Bank Interest Receivable|571|104|
|Fundraising|26,493|8,117|
|Education and Welfare|92,359|64,367|
|Big Lottery|-|39,059|
|Community Foundation Merseyside|31,834|5,000|
|National Foundation for Youth Music|6,232|26,915|
|Neighbourly|-|50|
|Arnold Clark|-|2,000|
|NHS Inequalities Fund|-|1,086|
|Lloyds Bank Foundation|25,000|-|
|LCVS|18,131|104,457|
|Liverpool City Council CRU, Project & Mayoral Fund Grants|-|16,000|
|Office of Police Crime Commnissioner|25,503|36,000|
|The Gillian Stevenson Trust|1,335|-|
|P H Holt Foundation|8,000|-|
|Holiday Activity Fund|28,880|21,670|
|Liverpool One Foundation|14,040|14,040|
|National Lottery Cost of Living fund|75,000|-|
|Sport England|15,157|4,960|
page 24
## **Daisy Inclusive UK**
|Eleanor Rathbone Charitable Trust
Ford Britain Trust
Onward Homes
The Primary Club
Sporting Assets Cost of Living fund
Sundry Donations
Sundry Sales
WEA Fund
Clothworkers Foundation|5,000
3,000
500
21,321
30,000
9,950
34,052
22,948
9,500
592,154|-
-
-
-
-
6,928
53,599
14,380
-
452,378|
|---|---|---|
## **14. GENERAL INFORMATION**
Daisy Inclusive UK is a private company limited by guarantee, with charitable status and incorporated in England. Its registered office is Daisy Nucleus Academy, 2 Barnes Street, Everton, Liverpool, L6 5LB. The financial statements are presented in sterling which is the functional currency of the company.
## **15. LEGAL STATUS**
Daisy Inclusive UK is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity
## **16. TAXATION STATUS**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
page 25
**Daisy Inclusive UK**
## **17. LEASING COMMITMENTS**
On 3 August 2016 the charity was granted a lease from Liverpool City Council for 5 years for the premises at 2 Barnes Street, Everton now called Daisy Nucleus Academy or DNA which the City Council have confirmed will automatically renew. The rent of these premises is one peppercorn per annum (if demanded).
On 21 February 2024 the charity acquired a 5-year lease on a shop for a peppercorn rent.
## **18. TOTAL RESOURCES EXPENDED**
Adminstration and Support Costs include office administration, stationery, computer, telephone,subscriptions, printing, postage and office consumable expenses. Direct charitable activity costs include all the associated costs of project service delivery for beneficiaries
||2024|2023|
|---|---|---|
|Direct Charitable Activity Costs|93,020|114,009|
|Premises Costs|12,392|27,167|
|Staff Costs|363,728|335,513|
|Administration and Support Costs|26,507|35,539|
|Finance Costs|673|1,288|
||________|________|
||496,320|513,516|
||________|________|
|Governance Costs|||
|Accountancy|2,100|2,100|
||________|________|
||498,420|515,616|
||________|________|
page 26